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Jan 04, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-01-24
CBOT eyeing India's growing commodities trade

CBOT eyeing India's growing commodities trade

US-based Chicago Board of Trade (CBOT) plans to enter India's booming commodity derivatives market as it believes the country will soon ease rules governing trading and foreign investment, a board official said on Monday.
Published 24 Jan, 2007 12:00am
London sugar falls

London sugar falls

London white sugar futures closed slightly lower on Tuesday, weakened by trade selling in light volume, dealers said. March settled down $2.60 at $332.30 per tonne, near the bottom of the day's range of $335.50 to $332.00. The front month continues to hol
Published 24 Jan, 2007 12:00am
Nickel and tin at new highs

Nickel and tin at new highs

Supply concerns pushed nickel and tin futures to new record highs on the London Metal Exchange on Tuesday, analysts said. Even benchmark copper, which has lagged other metals this year, notched up gains on a speculative-led surge in New York's COMEX coppe
Published 24 Jan, 2007 12:00am
Gold rallies in London

Gold rallies in London

Gold jumped more than two percent to a seven-week high on Tuesday as a sharp decline in the dollar and firmer oil prices triggered speculative fund buying, dealers said.
Published 24 Jan, 2007 12:00am
US MIDDAY: wheat moves up

US MIDDAY: wheat moves up

Wheat futures on the Chicago Board of Trade were higher at midmorning on Tuesday on technical buying by speculators, but volume was thin, traders said. "There is not that much going on. It's nothing but the funds and the specs buying," one CBOT trader sai
Published 24 Jan, 2007 12:00am
US MIDDAY: corn soars

US MIDDAY: corn soars

Corn futures at the Chicago Board of Trade were higher early on Tuesday, before a speech by President George W. Bush that is expected to place extra focus on alternative fuels including corn-based ethanol, traders said.
Published 24 Jan, 2007 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

US copper futures climbed more than 2 percent at the open on Tuesday as speculative interest returned to the market, leaving prices just shy of key technical chart points, traders said.
Published 24 Jan, 2007 12:00am
US MIDDAY: soyabeans gain

US MIDDAY: soyabeans gain

Soyabean futures at the Chicago Board of Trade climbed 1 percent early on Tuesday ahead of US President George W. Bush's State of the Union address, traders and analysts said. Bush is expected to promote an expansion in the use of alternative fuels includ
Published 24 Jan, 2007 12:00am
US MIDDAY: gold and silver rally

US MIDDAY: gold and silver rally

US gold futures rallied more than 1 percent in heavy trade early on Tuesday as robust buying by funds, a sharply lower dollar and supply concerns in Bolivia helped lift the precious metal near its seven-week high. Silver, platinum and palladium also hit n
Published 24 Jan, 2007 12:00am
Pre-entry test held

Pre-entry test held

The Sindh Development Study Centre (SDSC) University of Sindh here on Monday conducted pre entry test of candidates for admissions to M Sc Previous Rural Development external programme for the session of 2007. 80 candidates appeared in the test while admi
Published 24 Jan, 2007 12:00am
Walk to raise awareness about corruption held

Walk to raise awareness about corruption held

A walk to raise awareness about the menace of corruption was held in Islamabad on Tuesday. Students and teachers participated in the walk that commenced from China Chowk and culminated at the Parliament house.
Published 24 Jan, 2007 12:00am
Art exhibition at Fatima Jinnah University

Art exhibition at Fatima Jinnah University

Professor Dr Najma Najam, Vice Chancellor of Fatima Jinnah Women University has said that art exhibition of Fine Arts Department depicts the creative abilities of the students. She was talking to reporters after inaugurating a two-day art exhibition at th
Published 24 Jan, 2007 12:00am
National Assembly body visits Precision Engineering Complex

National Assembly body visits Precision Engineering Complex

Chairperson, National Assembly Standing Committee on Defence Production, MNA Fiza Junejo along with other members of the Committee visited Precision Engineering Complex (PEC) in Karachi on Tuesday. The PEC Senior Vice President briefed the Committee about
Published 24 Jan, 2007 12:00am
Wasa urged to expedite REIP

Wasa urged to expedite REIP

Secretary Housing and Physical Planning Punjab, Khalid Sultan has urged on Wasa to expedite its institutional development process on Rawalpindi Environmental Improvement Project (REIP). He was addressing a meeting held on Tuesday to review the pace of dev
Published 24 Jan, 2007 12:00am
Increasing number of vehicles causes traffic problem

Increasing number of vehicles causes traffic problem

Traffic problems in Rawalpindi have multiplied over past few years due to increasing number of vehicles and frequent violation of traffic laws. Leasing companies are lending vehicles to customers in large number least caring for the road infrastructure, a
Published 24 Jan, 2007 12:00am
German envoy visits International Islamic University

German envoy visits International Islamic University

Ambassador of the Federal Republic of Germany, Dr Gunter Mulack on Tuesday visited the International Islamic University (IIU) and called on its President Dr Anwar Hussain Siddiqui. Dr Muhammad Hasan Al-Khalifa, Vice President of the University of Academic
Published 24 Jan, 2007 12:00am
Mirwaiz vows to develop consensus among Kashmiris

Mirwaiz vows to develop consensus among Kashmiris

All Parties Hurriyat Conference (APHC) Chairman Mirwaiz Umer Farooq has said his party will continue consultation process so as a consensus opinion could emerge within all the Kashmiri groups for the resolution of Kashmir dispute.
Published 24 Jan, 2007 12:00am
Symposium on Karbala

Symposium on Karbala

Conferences, moots, or meetings cannot resolve the problems confronted by the nation, nor compensate anyone, we would have to form a grand alliance to get rid of military rulers and tendering the resignations unanimously and simultaneously when the date o
Published 24 Jan, 2007 12:00am
Benazir condemns burglary in parliament lodges

Benazir condemns burglary in parliament lodges

Former prime minister and Pakistan People's Party (PPP) Chairperson Benazir Bhutto has condemned the burglary in the apartments of Senator Rukhsana Zuberi and MNA Manzoor Wassan in the Parliament Lodges in Islamabad last week and demanded a thorough probe
Published 24 Jan, 2007 12:00am
Deposit Insurance

Deposit Insurance

Poverty headcount in percent below poverty line. The privatisation of NCBS has made banking system riskier for depositors. The government should set a deposit insurance corporation to insure deposits in deposit taking financial taking institutions, immedi
Published 24 Jan, 2007 12:00am
Poverty reduction figures: World Bank's clarification

Poverty reduction figures: World Bank's clarification

Your front page headline in today's Business Recorder, "World Bank differs with Pakistan over poverty reduction figures" misleads your readers. Unfortunately, this is an issue that comes up time and again despite my best efforts to explain.
Published 24 Jan, 2007 12:00am
Anglo-German rift over constitution

Anglo-German rift over constitution

The prolonged honeymoon in Anglo-German relations following the election of Chancellor Angela Merkel could come to an abrupt end over her plans to revive the failed EU constitution, political commentators in London said.
Published 24 Jan, 2007 12:00am
Tax refund information system-I

Tax refund information system-I

It seems that with the passage of time, the taxpayers, in their capacity as shareholders, understand the concept of duty of care by their auditors, but appear ignorant in understanding the concept of duty of care by the tax collectors owed to the Treasury
Published 24 Jan, 2007 12:00am
TOO needs to be respected, not resisted

TOO needs to be respected, not resisted

Addressing the Federation of Pakistan Chambers of Commerce and Industry in Karachi on Friday, Federal Commerce Minister Humayun Akhtar Khan said that the Federation's concerns regarding the newly promulgated Trade Organisations Ordinance (TOO), 2006, woul
Published 24 Jan, 2007 12:00am
Gathering energy crisis

Gathering energy crisis

Sindh Chief Minister Arbab Ghulam Rahim's remark at a briefing he gave to a delegation of National Defence Course that the country's acute energy crunch could be obviated by utilising the vast reserves of high-quality Thar coal will hopefully shake the en
Published 24 Jan, 2007 12:00am
Another major milestone for Mobilink

Another major milestone for Mobilink

Mobilink, Pakistan's leading cellular services provider and part of the Orascom Telecom group, has achieved another major milestone by offering coverage in more than 3500 cities, towns, villages and countless destinations across Pakistan.
Published 24 Jan, 2007 12:00am
SBP course on agriculture credit from today

SBP course on agriculture credit from today

The State Bank of Pakistan (SBP) in collaboration with the Punjab Provincial Co-operative Bank Ltd, (PPCBL) is organising a 2-day special outreach and training programme on Agricultural Credit at Zila Council Hall, Okara on January 24 & 25.
Published 24 Jan, 2007 12:00am
Government committed to developing livestock sector: Maqbool

Government committed to developing livestock sector: Maqbool

Punjab Governor, Lieutenant General Khalid Maqbool (Retd) has said that the government is committed to the development of livestock sector for poverty alleviation in the country. He stated this during his visit to the University of Veterinary and Animal S
Published 24 Jan, 2007 12:00am
Government urged to rescue textile sector

Government urged to rescue textile sector

All Pakistan Textile Mills Association (Aptma) Chairman Shafqat Ellahi Sheikh has said that government is deviating from its economic policies by not allowing cotton import via Wagha border. While talking to media men here on Tuesday after the Extra-Ordin
Published 24 Jan, 2007 12:00am
Farmers to get award for record yields: minister

Farmers to get award for record yields: minister

Punjab Agriculture Minister Arshad Khan Lodhi has announced that the farmers showing record per acre yield of wheat would be awarded tractor, treasure and other agri-equipment by the government. He was talking to a group of farmers belonging to the distri
Published 24 Jan, 2007 12:00am
Pakistan praised for investing in human capital

Pakistan praised for investing in human capital

Food processing industry, oil and gas exploration and information technology are the core areas of investment in Pakistan and Pak-Canadian Business Council can play an important role in business promotion between the two countries.
Published 24 Jan, 2007 12:00am
Public-private partnership policy being planned

Public-private partnership policy being planned

The Punjab government is working on a comprehensive public private partnership policy to create a conducive business friendly environment where the existing and prospective entrepreneurs would be able to prosper and progress.
Published 24 Jan, 2007 12:00am
Water mismanagement may hit wheat target: PWC

Water mismanagement may hit wheat target: PWC

Punjab Water Council (PWC) while expressing grave concern over wrong policies being persuaded by irrigation and Irsa authorities, viz-a-vis release of water from Mangla. It warned the government that the wheat target would not be achieved this year mainly
Published 24 Jan, 2007 12:00am
AJK and Northern Areas to have digital landline facilities

AJK and Northern Areas to have digital landline facilities

Director General, Special Communication Organisation (SCO), Major General Shahid Maqbool has said that digital landlines, WLL (CDMA), SCOM (GSM) and internet facilities are being provided in most difficult terrain of AJ&K and Northern Areas aimed at facil
Published 24 Jan, 2007 12:00am
'Islamic banking achieved remarkable progress'

'Islamic banking achieved remarkable progress'

AlHuda Centre of Islamic Banking and Islamic Economics conducted a two-day specialised workshop on Islamic Investment and Sukuk (Islamic Bond) in Lahore. The workshop was concluded by Dr Shahid A Zia, Head of Training, Lahore Stock Exchange, in which he s
Published 24 Jan, 2007 12:00am
'Remarkable change witnessed in retail sector'

'Remarkable change witnessed in retail sector'

'There has been a remarkable change witnessed in retail sector of Pakistan in the past three years'. This was stated by Hamesh Claire Daniel British Deputy High Commissioner and Director Trade and Investment Pakistan in a function here Tuesday.
Published 24 Jan, 2007 12:00am
CMI being held for 2005-06

CMI being held for 2005-06

The Directorate of Industries, Sindh government, is conducting census of manufacturing industries (CMI) for the year 2005-06 under Industrial Statistics Act 1942. According to this Act, it is mandatory for all manufacturing units registered under Factorie
Published 24 Jan, 2007 12:00am
Gallup tax survey criticised

Gallup tax survey criticised

Several tax officials have criticised a survey conducted by 'Gallup Pakistan' titled 'Stakeholders' Perception on the Quality of Services provided by Central Board of Revenue (CBR) and Employees Integrity Survey'.
Published 24 Jan, 2007 12:00am
SBP urged to encourage Islamic banking

SBP urged to encourage Islamic banking

Advocates of Islamic banking in Pakistan have said that the banks are forced to remain within the regulatory framework of conventional banking and, therefore, to expect from them to come up with innovatives and purely Islamic products is a bit too much an
Published 24 Jan, 2007 12:00am
Local governments asked to ensure financial discipline

Local governments asked to ensure financial discipline

NWFP Finance and Environment Minister Shah Raz Khan has directed authorities of district, tehsil and union council governments to ensure better financial and administrative discipline so the amenities of basic life can be provided to the masses at their d
Published 24 Jan, 2007 12:00am
Minister takes note of poor utilisation of funds

Minister takes note of poor utilisation of funds

During the first six months of the current fiscal year Rs 13,392 million was released for development projects out of which only Rs 4,896 million could be spent on a few ongoing projects initiated during the last financial year.
Published 24 Jan, 2007 12:00am
Visa for Dubai

Visa for Dubai

The American Express Travel Company has acquired the rights of sole Dubai 'visa facility provider' for Emirates airline's passengers travelling from Pakistan. A memorandum of understanding has been signed between Emirates and American Express Travel Compa
Published 24 Jan, 2007 12:00am
Setting up of export-oriented SMEs suggested

Setting up of export-oriented SMEs suggested

The Japan International Cooperation Agency (Jica) and International Development Centre of Japan(IDCJ) have suggested setting up of export-oriented small and medium enterprises (SMEs) clusters in Pakistan.
Published 24 Jan, 2007 12:00am
SCCI role in protecting industrialists' interest hailed

SCCI role in protecting industrialists' interest hailed

All Pakistan Textile Manufacturers Association (Aptma) President Mohsin Aziz has expressed regret over the statement appeared in a section of the press against the Sarhad Chamber of Commerce & Industry (SCCI).
Published 24 Jan, 2007 12:00am
Third WIEF to be held on May 28

Third WIEF to be held on May 28

The two-day Third World Islamic Economic Forum (WIEF) will be held on May 28, 2007 in Kuala Lumpur. Abdullah Ahmed Bidawi, Prime Minister of Malaysia will be the chief guest while various heads of states from Islamic countries are expected to participate
Published 24 Jan, 2007 12:00am
'Corrupt officials not to go scot-free'

'Corrupt officials not to go scot-free'

Pakistan Muslim League (Q) District President Muhammad Yaqoob Sheikh has warned the TMA staff to address the public complaints on priority basis failing which they would be held responsible for negligence and liable to be punished under the rules and regu
Published 24 Jan, 2007 12:00am
Powerloom workers observe strike against loadshedding

Powerloom workers observe strike against loadshedding

Powerloom workers and owners observed strike and established a hunger strikers camp at Chowk Manzoorabad at the call of All Pakistan Powerlooms Association (APPA) as a protest against load shedding and over billing of electricity.
Published 24 Jan, 2007 12:00am
Transporters fleecing commuters

Transporters fleecing commuters

Transporters are fleecing the commuters for different destinations particularly on monopoly routes and they were charging 25 to 35 percent excess fare than recommended and fixed by the government but the authorities have turned a blind eye to the situatio
Published 24 Jan, 2007 12:00am
Misconduct by Mepco chief: LHC seeks report

Misconduct by Mepco chief: LHC seeks report

The Lahore High Court, Multan Bench Justice Muhammad Jehangir Arshad has sought a report from Water and Power Development Authority (Wapda) Chairman and parawise comments, within four weeks, on a complaint of retaliatory and revengeful attitude of Multan
Published 24 Jan, 2007 12:00am
High-rises banned in Sukkur

High-rises banned in Sukkur

Sindh Minister for Local Government and Katchi Abadis Muhammad Hussain has ordered complete ban on the construction of high-rise buildings in Sukkur city. He also issued directive to Taluka and UC nazims for ensuring implementation of the ban orders.
Published 24 Jan, 2007 12:00am
Government to provide protection to neglected children: adviser

Government to provide protection to neglected children: adviser

Dr Faiza Asghar, Chairperson, Child Protection and Welfare Bureau (CPWB) Punjab and adviser to Punjab Chief Minister said that government would provide protection to child-beggars, orphans, and neglected children from March 1st and there would be no child
Published 24 Jan, 2007 12:00am
Senators discuss high-grade promotions today

Senators discuss high-grade promotions today

A special committee of the Senate will meet on Wednesday in the Parliament House to discuss promotions in Grades 19, 20 and 21, and as to how no one from Balochistan, NWFP and Fata could be elevated.
Published 24 Jan, 2007 12:00am
Protest with US and UK over cross-border fire lodged

Protest with US and UK over cross-border fire lodged

Pakistan has formally protested to the United States and Britain on Tuesday over cross-border fire by international forces in Afghanistan that killed one of its soldiers and wounded two.
Published 24 Jan, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Senate often turns out to be the home ground for the members from Balochistan, who speak far more eloquently in defence of the rights of their people than others. If the government has been made to substantially enhance the job quota of Balochistan th
Published 24 Jan, 2007 12:00am
First-ever Senate pre-budget session soon

First-ever Senate pre-budget session soon

For the first time in the parliamentary history, the Senate will have a special pre-budget session soon, enabling lawmakers to discuss the 2006-07 budget implementation and make proposals for the new one.
Published 24 Jan, 2007 12:00am
Senate criticises Centre's discriminatory attitude towards Balochistan

Senate criticises Centre's discriminatory attitude towards Balochistan

The Senate, which met on Tuesday, criticised the government on its discriminatory attitude towards the Balochistan province. The senators from Balochistan dragged the government for not giving equal opportunities to Baloch bureaucrats of grade 19 and abov
Published 24 Jan, 2007 12:00am
Musharraf to decide when to doff uniform: Rashid

Musharraf to decide when to doff uniform: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has said that present parliament will re-elect General Pervez Musharraf President for next term and opposition's hue and cry is meaningless.
Published 24 Jan, 2007 12:00am
Prime Minister thanked for upgrading clerical posts

Prime Minister thanked for upgrading clerical posts

Khalid Mehmood Sanghera Division President of All Pakistan Clerks Association (APCA) said the Association was grateful to the Prime Minister Shaukat Aziz for taking personal interest in their affairs and said it was a manifestation of his commitment to th
Published 24 Jan, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (January 23, 2007) and the forecast for Wednesday (January 24, 2007).
Published 24 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 24 Jan, 2007 12:00am
'Pakistan has conducive atmosphere for investment'

'Pakistan has conducive atmosphere for investment'

Prime Minister Shaukat Aziz says Pakistan has a conducive atmosphere for investment in all sectors of economy including energy, automobile, engineering and agriculture.
Published 24 Jan, 2007 12:00am
PPRA saves billions of rupees

PPRA saves billions of rupees

Public Procurement Regulatory Authority (PPRA) has been able to save billions of rupees to the government, which otherwise, would have been wasted due to mal-practices in tendering.
Published 24 Jan, 2007 12:00am
Former minister denies press report

Former minister denies press report

Former provincial minister industries, President All Pakistan Textile Manufacturers Association (APTMA). member central board of governors State Bank of Pakistan and Chairman Aziz Group of Industries, Mohsin Aziz, has expressed regret about the statement
Published 24 Jan, 2007 12:00am
Gas price to be discussed in Tehran today

Gas price to be discussed in Tehran today

Officials from India, Iran and Pakistan will meet in Tehran tomorrow to discuss the price of gas to be supplied through the over 7-billion dollar Iran-Pakistan-India gas pipeline.
Published 24 Jan, 2007 12:00am
Japan asked to talk on FTA

Japan asked to talk on FTA

Pakistan on Tuesday asked Japan to initiate composite dialogue on Free Trade Agreement (FTA), as further delay and comparative advantage of zero-rated market access to Chinese goods would adversely affect Tokyo exports to Pakistan.
Published 24 Jan, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 23, 2007).

Published 24 Jan, 2007 12:00am
Tax on ginners for clean cotton discussed

Tax on ginners for clean cotton discussed

The Minister for Textile Industry, Mushtaq Ali Cheema, held a meeting with the representatives of Pakistan Cotton Ginners Association (PCGA) here on Tuesday to discuss the issue of Rs 5 tax per maund for clean cotton, which is being imposed on the ginners
Published 24 Jan, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (January 23, 2007) and for Wednesday (January 24, 2007).
Published 24 Jan, 2007 12:00am
Prime Minister reaffirms commitment for basic health facilities

Prime Minister reaffirms commitment for basic health facilities

Prime Minister Shaukat Aziz on Tuesday reaffirmed his government's commitment to provide basic health facilities to people, saying that perpetual changes of governments in the past have adversely affected the health sector.
Published 24 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 23, 2007).

Published 24 Jan, 2007 12:00am
Kashmiris to observe Black Day on January 26

Kashmiris to observe Black Day on January 26

Kashmiris on both sides of the Line of Control (LoC) and all over the world will observe Indian Republic Day on January 26 as the Black Day. A complete strike will be observed in occupied Kashmir on the day.
Published 24 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 23, 2007).

Published 24 Jan, 2007 12:00am
JCR-VIS assigns IFS rating of A+ to EFU

JCR-VIS assigns IFS rating of A+ to EFU

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has assigned an insurer Financial Strength (IFS) rating of A+ (Single A Plus) to EFU Life Assurance Ltd (EFU Life). The outlook on the assigned rating is 'Stable.' This is the first announcement of a rating assigned
Published 24 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 23, 2007).

Published 24 Jan, 2007 12:00am
JCR-VIS assigns IFS rating of A+ to EFU

JCR-VIS assigns IFS rating of A+ to EFU

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has assigned an insurer Financial Strength (IFS) rating of A+ (Single A Plus) to EFU Life Assurance Ltd (EFU Life). The outlook on the assigned rating is 'Stable.' This is the first announcement of a rating assigned
Published 24 Jan, 2007 12:00am
CBR asked to process central excise refund cases

CBR asked to process central excise refund cases

The payphone companies have requested the Central Board of Revenue (CBR) to process the cases of central excise refunds issued in the past through an Alternative Dispute Resolution Committee (ADRC) or a committee comprising independent tax experts.
Published 24 Jan, 2007 12:00am
CBR asked to process central excise refund cases

CBR asked to process central excise refund cases

The payphone companies have requested the Central Board of Revenue (CBR) to process the cases of central excise refunds issued in the past through an Alternative Dispute Resolution Committee (ADRC) or a committee comprising independent tax experts.
Published 24 Jan, 2007 12:00am
THE RUPEE: dollar slightly up in currency market

THE RUPEE: dollar slightly up in currency market

Bearish trend was seen in the currency market on Tuesday as the rupee fell modestly in relation to the dollar, dealers said. The rupee drifted lower in the interbank market, shedding three paisa against the dollar for buying at 60.77 and dropping two pais
Published 24 Jan, 2007 12:00am
KDLB extends VRS till February 21

KDLB extends VRS till February 21

Karachi Dock Labour Board (KDLB) has extended Voluntary Retirement Scheme (VRS) to its workers, in order to rationalise the surplus strength, by one month (February 21). Sources told Business Recorder on Tuesday that about 235 workers opted for VRS
Published 24 Jan, 2007 12:00am
THE RUPEE: dollar slightly up in currency market

THE RUPEE: dollar slightly up in currency market

Bearish trend was seen in the currency market on Tuesday as the rupee fell modestly in relation to the dollar, dealers said. The rupee drifted lower in the interbank market, shedding three paisa against the dollar for buying at 60.77 and dropping two pais
Published 24 Jan, 2007 12:00am
Zaffar re-elected KSE board chairman

Zaffar re-elected KSE board chairman

The Board of Directors of Karachi Stock Exchange (KSE), in its first meeting for the year 2007 held here on Monday, re-elected unanimously Zaffar A Khan as Chairman of the KSE board, said a press release on Tuesday.
Published 24 Jan, 2007 12:00am
Glass & Ceramics: BALOCHISTAN GLASS LIMITED - Year Ended 30 June 2006

Glass & Ceramics: BALOCHISTAN GLASS LIMITED - Year Ended 30 June 2006

During the year under review the company's net sales at Rs 1.162 billion were marginally higher as compared to Rs 1.148 billion in the preceding year, FY05. But gross margin remained under pressure, and financial charges were on the higher side. Resultant
Published 24 Jan, 2007 12:00am
Reckless driving claims six lives

Reckless driving claims six lives

At least six people were died and 13 others injured when a speedy wagon hit a parked trailer on GT Road in Rawat near here on Tuesday.
Published 24 Jan, 2007 12:00am
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