News Archives for Print - 2007-03-11

Print - 2007-03-11

Lockerbie, Liang share lead in Singapore

Britian's Gary Lockerbie and China's Liang Wen-chong moved into a share of the lead on 12-under-par after the third round of the Singapore Masters on Saturday.

Published 11 Mar, 2007 12:00am

Rs nine billion earmarked for Fata schemes

A comprehensive plan is being followed for the fast development of Fata to address the basic needs of the masses particularly in education, health and drinking water supply sectors.

Published 11 Mar, 2007 12:00am

Pakistan Day parade to be held after a year's pause

Pakistan Day parade on March 23, will be held here after a pause of one year, as during the last year it was put off due to devastating earthquake and the whole nation was busy in the relief and rescue operations in the quake-hit areas.

Published 11 Mar, 2007 12:00am

Pakistan has vast tourism potential: Nilofar

Minister for Tourism, Nilofar Bakhtiar met with the prominent German intellectuals and members of the think-tank in the German parliament building on Saturday. She apprised the German intellectuals of the steps taken by the government to promote tourism i

Published 11 Mar, 2007 12:00am

British diplomats meet Hurriyat leaders

A three-member team of British diplomats comprising Sara Lampert, Liz Kaane and Sushil Aaron met the Chairman All Parties Hurriyat Conference Mirwaiz Umar Farooq, Fazl-ul-Haq Qureshi, Nayeem Ahmad Khan and Shabir Ahmad Dar in the Hurriyat office. Accordin

Published 11 Mar, 2007 12:00am

Kasuri to visit China on March 18

Foreign Minister Khurshid Mehmood Kasuri will pay a two-day official visit to China on March 18 for discussions on various matters of mutual interest. An official in the foreign ministry told Business Recorder here on Saturday the visit was part of

Published 11 Mar, 2007 12:00am

Bioequivalence studies centre to be established

The government would establish centre for Bioequivalence studies and bioassay research, aimed at improving quality of pharmaceutical products in the country. In this regard, a project has been approved which would have a significant impact on the export p

Published 11 Mar, 2007 12:00am

Navtec to arrange free training courses for youth skill development

National Vocational and Technical Education Commission (Navtec) is organising a three-month long training courses on 'Hospitality Management' in the picturesque Swat valley.

Published 11 Mar, 2007 12:00am

PPP delegation for MPC announced

Former prime minister and PPP Chairperson Ms Benazir Bhutto has nominated the PPP delegation for participation in the Multi-Party Conference (MPC) to be held in London on March 24 and 25. This was said by the PPP spokesperson former Senator Farhatullah Ba

Published 11 Mar, 2007 12:00am

Trial launch of Mobile Number Portability on March 17

The trial-run of Mobile Number Portability (MNP) is set to be launched on March 17 one week ahead of its debut scheduled to be held on March 23. Sources at Pakistan Telecommunication Authority (PTA) told Business Recorder that it would be a full fl

Published 11 Mar, 2007 12:00am

Chehlum marked with solemnity, reverence

Chehlum of Hazrat Imam Hussain (RA) was commemorated with solemnity and reverence here on Saturday. The mourners took out a alam procession from the Nishtar Park where a majlis was held to highlight the significance of the martyrdom of Hazrat Imam Hussein

Published 11 Mar, 2007 12:00am

PVMA team to attend 'Price Outlook Forum' Malaysia

A Pakistan Vanaspati Manufacturers Association (PVMA) delegation led by Shaikh Amjad Rashid is visiting Kuala Lumpur (Malaysia) from March 12-14, to attend the "Price Outlook Forum, 2007". The Price Outlook Forum is an international event where the palm o

Published 11 Mar, 2007 12:00am

Ruet body to meet on March 19

The Zonal Ruet-e-Hilal Committee will meet on March 19, 2007 one hour before sun set at Habib Bank Plaza in Karachi to announce the sighting or otherwise of Rabi-ul-Awal Moon.

Published 11 Mar, 2007 12:00am

New Indonesian Consul General due today

The new Indonesian Consul General at the Indonesian Consulate General in Karachi Mustakim is expected to arrive here on Sunday from Jakarta to take up his assignment. Mustakim is from the Indonesian Foreign Service and is a seasoned officer who has differ

Published 11 Mar, 2007 12:00am

Cricket bats, gears worth over Rs 2.76 billion exported in eight months

As the Cricket World Cup draws nearer, the demand for Pakistani cricket bats and cricket gears has also increased. During the first eight months of the current fiscal period, Pakistan had exported cricket bats and cricket gears, amounting to more than Rs

Published 11 Mar, 2007 12:00am

Price of Basmati rice increased

The price of Basmati rice climbed to Rs 48 to 52 per kilogram however eggs and chicken meat declined in the city on Saturday amidst fresh supply from other parts of the province while the rates of other essential kitchen items remained stable at previous

Published 11 Mar, 2007 12:00am

WWF-P consultative workshop

World Wide Funds for Nature-Pakistan (WWF-P) is holding a two-day consultative workshop 'An update on environmental issues for journalists' from March 20. According to a WWF-P's spokesman here on Saturday, the workshop would be a two-day event for updatin

Published 11 Mar, 2007 12:00am

Book on contemporary art in Indo-Pak launched

Artists of Pakistan and India by working together can create more harmony between the two countries. Satyabrata Pal, High Commissioner of India stated this at the launching ceremony of a book on contemporary art in India and Pakistan jointly written by Sa

Published 11 Mar, 2007 12:00am

Textile Asia exposition from March 18

Textile Asia 2007 is being held at the Karachi Expo Centre from March 18 to 21. Over 100,000 corporate visitors from the Pakistan and abroad are expected to visit the exhibition and conference, the official event of the Ministry of Textile Industry, Gover

Published 11 Mar, 2007 12:00am

City Nazim lauds Punjab University's progress

Punjab University is making efforts for the provision of quality education to students at higher level and is making progress and the academic development. This was stated by vice-chancellor, Arshad Mehmood in a meeting with City Nazim Lahore Mian Amir Me

Published 11 Mar, 2007 12:00am

MTU Karachi collects Rs 16.18 billion direct taxes

The Medium Taxpayers Unit (MTU), Karachi has collected Rs 16.187 billion direct taxes during July-February period of the current fiscal year depicting an increase of 18 percent as compared with Rs 13.72 billion in the same period of last fiscal year.

Published 11 Mar, 2007 12:00am

Iftikhar appointed PML vice president

Pakistan Muslim League President Chaudhry Shujaat Hussain on Saturday appointed Nawabzada Iftikhar Ahmed as Central Vice President of the PML. Mushahid Hussain has issued a notification in this regard.

Published 11 Mar, 2007 12:00am

Withdrawal of Magoon nomination from Saarc chamber slammed

Leader of the Businessman Forum of Pakistan and member executive Saarc Chamber of Commerce & Industry, Senator Ilyas Ahmad Bilour has condemned the withdrawal of the name of Jameel Mehboob Magoon from the office of the vice president of Saarc Chamber.

Published 11 Mar, 2007 12:00am

Railways announcement

Pakistan Railways administration has allowed with an immediate effect concessional train tickets on 49-Up/50-Down Sir Syed Express on production of concessional vouchers to railway employees, army personnel and others.

Published 11 Mar, 2007 12:00am

Thunderstorm forecasted

Meteorological Department has forecast partly cloudy weather with chances of thunderstorm rain for the metropolis with minimum temperature in the range of 20 centigrade to 22 centigrade. Sunrise will be at 06:43 and sunset at 18:39. Minimum temperature on

Published 11 Mar, 2007 12:00am

Literati asked to highlight human rights sensitisation

Provincial Human Rights Minister Makhdoom Ashfaq Ahmed has asked the literati to highlight human rights (HR) sensitisation through their literary work. He was talking to a seven-member delegation of social workers headed by Ayyaz Hussain here on Saturday,

Published 11 Mar, 2007 12:00am

Doctors' refusal to serve in rural areas

Sindh Health Minister Syed Sardar Ahmed on March 6 informed the Provincial Assembly that 200 newly appointed doctors (BPS-17) had refused to report on duty in the hospitals located in the rural areas of the province. These doctors have informed the Health

Published 11 Mar, 2007 12:00am

The return of Athena and starving Buddha

It is a welcome happening that we have received back 38 of our missing artifacts of the Ghandhara period, with the help of international community. These include a starving Buddha, a meditating Buddha, and a statue of Athena, the goddess of wisdom.

Published 11 Mar, 2007 12:00am

Empowerment of women

At the 96th International Women's Day on March 8 this year, we have had at least one feather in our cap to show around. That is the Women's Rights Protection Bill, passed during the past year, although not without great opposition and several unexpected p

Published 11 Mar, 2007 12:00am

Nomination process for KSE Board legally challengeable

The appointments made by the Chairman of the Securities and Exchange Commission of Pakistan (SECP) for the nominated directors of KSE for the years 2007 have become controversial. It is being alleged that these appointments were made without following a c

Published 11 Mar, 2007 12:00am

Iraqi refugees hail Syria's easing of residency rules

Iraqi refugee Khaled was delighted at the news that Damascus was relaxing residency rules for around a million Iraqis who fled their war-torn country for neighbouring Syria. "No Iraqi will be expelled from Syria," Khaled told AFP at the Baghdad Palm Tree

Published 11 Mar, 2007 12:00am

Total sanitation, a daunting task

For decades more than half of the population lacks proper sanitation facilities, in Pakistan. One may frequently come across the over flowing and choked sewerage lines, scattered solid waste and suffocating suburbs with no appropriate waste treatment syst

Published 11 Mar, 2007 12:00am

Insecure and faulty ATM booths

Various ATM booths of different banks, already in service in Karachi are installed without keeping in view the world standard causing great embarrassment, inconvenience and denial of services to customers.

Published 11 Mar, 2007 12:00am

World Cup 2007

At last, uncertainty about Pakistan World Cup squad came to an end, when the two quickies were declared unfit, and an all-rounder ousted from the team quite mysteriously to make place for a redundant player, who was out of international cricket for quite

Published 11 Mar, 2007 12:00am

Call to boycott courts' proceedings across Sindh

The Human Rights Committee of Sindh Bar Council has called upon the legal fraternity of Sindh to boycott proceedings of courts at all levels on Monday (tomorrow) to protest against the illegal suspension of Chief Justice of Supreme Court of Pakistan Mr Ju

Published 11 Mar, 2007 12:00am

Commonwealth Day on March 12

To mark the Commonwealth Day, Pakistan Institute of International Affairs (Pica) will organise a moot at its premises on March 12. The theme of the Commonwealth Day this year is "Respecting difference, promoting understanding."

Published 11 Mar, 2007 12:00am

Secretaries, DCOs asked to complete schemes

Sindh Chief Secretary Fazlur Rehman has directed all provincial secretaries and DCOs to spare no effort in ensuring timely completion of ongoing development schemes and promote departmental liaison to achieve the targets. He was addressing the Secretaries

Published 11 Mar, 2007 12:00am

Directive to management of crises centre

Hyderabad District Co-ordination Officer (DCO) Muhammad Hussain Syed has directed the management of Crises Centre for Women in Distress here to keep the centre open round-the-clock to ensure medical and legal support in case of any emergency.

Published 11 Mar, 2007 12:00am

Awais Ghani calls on Ishrat

Balochistan Governor Awais Ghani called on Sindh Governor Dr Ishrat-ul-Ibad Khan at the Governor House here on Friday evening. During meeting, they exchanged views on various matters of importance, including inter-provincial affairs, said an official stat

Published 11 Mar, 2007 12:00am

USC starts sale of subsidised edible oil

Utility Stores Corporation (USC) has started sale of subsidised cooking oil through the network of its 100 outlets across the zone and 34 sale points in Multan district. This was stated by zonal manager USC Munir Ahmed, while talking to newsmen on Saturda

Published 11 Mar, 2007 12:00am

Call to ensure clean cotton yield targets

District Officer (DO), Agriculture, Arshad Javed, has urged review of local level agri-policies to ensure great attention to the forex earning cotton crop in the district, known for producing optimum amount of the silver fibre over the last six years.

Published 11 Mar, 2007 12:00am

Sheema performs at Arts Council

Classical artist, Sheema Kirmani along with her team enthralled the audience with her mesmerising performance at 'Dance Drama' held here at Arts Council Auditorium on Friday. The programme was organised by Theatre Committee of Arts Council of Pakistan, Ka

Published 11 Mar, 2007 12:00am

Demonstrations held in various cities against CJP suspension

The District Bar Council Jamshoro on Saturday held a protest demonstration against suspension of Chief Justice of Pakistan Justice Iftikhar Chaudhry. President District Bar Council Jamshoro M M Shoro and General Secretary Riazat Ali Sahar led the demonstr

Published 11 Mar, 2007 12:00am

Alternate energy projects to start soon: Ibad

Sindh Governor, Dr Ishratul Ibad Khan has said that new projects of alternate energy will soon start functioning in Sindh to help overcome energy crisis.

Published 11 Mar, 2007 12:00am

Sugar plant built to encourage beet cultivation in Dera Ismail Khan

The sugar mills owners have erected a new plant of sugar beet in Dera Ismail Khan (D.I.Khan) to encourage commercial cultivation of sugar beet, a senior official of the Ministry of Agriculture, Food and Livestock (Minfal), said talking to Business Reco

Published 11 Mar, 2007 12:00am

Irsa releases 109,432-cusec water from reservoirs

Indus River System Authority (Irsa) on Saturday released 109,432-cusec water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded on Saturday was at 72,432 cusec. Water level at Tarbela Dam recorded on Sat
Published 11 Mar, 2007 12:00am

First aviation symposium on March 12

The current aviation scenario in Pakistan and marketing prospects in the sector for major and middle level players in the field will figure in the first-ever one-day Pakistan National Aviation Symposium-2007, being held at a local hotel on Monday.
Published 11 Mar, 2007 12:00am

Need to evolve high-yielding cotton varieties stressed

Former Speaker of National Assembly Syed Fakhar Imam on Friday stressed the need for evolving high yielding cotton varieties, having resistance against cotton leaf curl virus (CLCV) and bollworms to keep the country's cotton economy booming.
Published 11 Mar, 2007 12:00am

11 killed in Afghanistan

Eleven men were killed in hours of factional clashes involving about 40 fighters allied to rival commanders in central Afghanistan, commanders said Friday. The head of one faction said his men were attacked by their rivals in a village in remote Ghor prov
Published 11 Mar, 2007 12:00am

Osama bin Laden completes 50 years

Osama bin Laden, if he's alive, celebrated his 50th birthday on Saturday, and his friends in the Taliban prayed for his long life. The al Qaeda leader's long silence has fuelled speculation that the world's most-wanted fugitive may have died, though many
Published 11 Mar, 2007 12:00am

Egyptian cleric launches website for moderate Islam

Egypt's top Muslim cleric or mufti, Sheikh Ali Gomaa, has launched a website to give a voice to moderate Islamic religious opinion, Cairo newspapers reported on Saturday.
Published 11 Mar, 2007 12:00am

Iraq kidnappers demand Germany quit Afghanistan

A little-known Iraqi militant group said on Saturday it would kill two hostages, a German woman and her son, in 10 days unless Berlin withdraws its 3,000 troops from Afghanistan.
Published 11 Mar, 2007 12:00am

Italians rally for gay and unwed couples' right

Thousands of Italians rallied on Saturday for legal rights for unmarried gay and heterosexual couples while Roman Catholics launched a movement against what many of them consider an attack on the "traditional" family. Demonstrators filled a Roman piazza i
Published 11 Mar, 2007 12:00am

UN envoy to send Kosovo proposal to Security Council

UN envoy Martti Ahtisaari on Saturday declared an end to the fruitless search for Serb-Albanian compromise on Kosovo and said he would send his independence proposal to the UN Security Council this month.
Published 11 Mar, 2007 12:00am

Police guard airport after Hurley wedding scuffles

Dozens of police guarded the airport where actress Elizabeth Hurley was due to leave the desert city of Jodhpur on Saturday after a brief battle between reporters and security guards overshadowed her Hindu wedding.
Published 11 Mar, 2007 12:00am

US readies to change clocks to help environment

Energy-guzzling Americans, always on the lookout for a painless path to conservation, can celebrate this weekend when they will cut greenhouse gas emissions by simply pushing forward the hands on their clocks.
Published 11 Mar, 2007 12:00am

Gunmen fire on Hamas minister's car: Abbas, King Abdullah II meet

Gunmen opened fire on the convoy of a Hamas government minister on Saturday, threatening to complicate talks on a Palestinian national unity government a day after prime minister-designate Ismail Haniya was given another fortnight to form it.
Published 11 Mar, 2007 12:00am

Bush ignores Chavez on Latin American tour

US President George W. Bush stuck to talk of trade and friendship on Saturday during a Latin American tour, ignoring provocation's from ideological rival Venezuelan President Hugo Chavez.
Published 11 Mar, 2007 12:00am

Afghan parliament passes revised amnesty bill

The Afghan parliament passed a revised bill on Saturday that called for amnesty for groups involved in war crimes but also recognised the victims' right to seek justice, lawmakers said.
Published 11 Mar, 2007 12:00am

North Korea warns of 'actions' if bank squeeze not relaxed

North Korean nuclear envoy Kim Kye-gwan warned on Saturday that if the United States failed to lift financial sanctions against it, his country would have to take "corresponding actions" in response.
Published 11 Mar, 2007 12:00am

Bangladesh launches massive demolition drive

Bangladesh authorities have launched a massive demolition drive in Dhaka to ease the capital's chronic traffic congestion, an official said Saturday. Thousands of illegally constructed buildings in upmarket areas of the city are being reduced to rubble by
Published 11 Mar, 2007 12:00am

Chirac to announce retirement

President Jacques Chirac is expected to announce Sunday that he will retire after more than 40 years at the top in French politics. The 74 year-old leader is to reveal in an address to the nation on radio and television whether he will stand in the presid
Published 11 Mar, 2007 12:00am

Opposition protest accuses Spain of ETA surrender

Tens of thousands of demonstrators gathered at an opposition rally in Madrid on Saturday to vent their rage at what they say is the Spanish government's "surrender" to Basque separatists ETA.
Published 11 Mar, 2007 12:00am

Marathon men take aim at ICC World Cup

Thirty-two years after the first World Cup was decided over a modest five playing days, the 2007 edition will open on Sunday and will go on and on until April 28. The 16-team World Cup in the Caribbean will last 48 days with 51 matches broadcast live to a
Published 11 Mar, 2007 12:00am

World Cup records

World Cup records ahead of the 2007 tournament which opens in the West Indies on March 11:
Published 11 Mar, 2007 12:00am

Winners and runners-up

Previous World Cup winners and runners-up ahead of the 2007 tournament which opens in the West Indies on Sunday:

Published 11 Mar, 2007 12:00am

Iran sees no obstacles to Russian nuclear fuel delivery

Tehran said on Saturday there were no obstacles to Russia delivering fuel for Iran's first nuclear power plant, although the Russian contractor signalled likely delays to the project.
Published 11 Mar, 2007 12:00am

Prices, business volume rise on cotton market

Prices moved up sharply on the cotton market on Saturday as mills accelerated buying in anticipation of further rise in the rates, dealers said. The Karachi Cotton Association (KCA) official spot rate was higher by Rs 50 at Rs 2,575, without upcountry exp
Published 11 Mar, 2007 12:00am

WCE canola futures higher

Winnipeg Commodity Exchange canola futures were higher on Thursday following US soy gains and on crusher and fund buying, but scale-up farmer hedges kept gains in check, traders said. Canola ended $1.10 to $3.70 per tonne higher, with May up $2.90 at $379
Published 11 Mar, 2007 12:00am

Milk powder prices up on Jodia Bazar

The trading on milk powder sector ended up on Jodia Bazar here on Saturday. The following variations were seen.
Published 11 Mar, 2007 12:00am

Freight rates seen rising on growing commodity trade

Commodity traders will pay higher freight rates for the next few years as world seaborne trade grows faster than new vessels can be built, a Turkish shipper said on Friday.
Published 11 Mar, 2007 12:00am

Asian freight bulk rates up, demand firm

Spot bulk freight rates for the key Asian routes surged from month-ago levels, as shipowners raised their offers on an anticipated increase in long-haul demand, while port congestion kept quality tonnage off the market.
Published 11 Mar, 2007 12:00am

Singapore bunker fuel prices fall

Singapore bunker prices fell on Friday, tracking lower cargo prices as the differential held steady at $6-$7 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $295-$297 a tonne, while its differential to fuel oil cargoes we
Published 11 Mar, 2007 12:00am

Suez Canal to raise fees by about 2.8 percent

The Suez Canal Authority will raise fees on passing ships in April by an average of 2.8 percent, adding roughly $150 million to revenues this year, a canal official said on Monday. The official, who asked not to be named, said the canal authority decided
Published 11 Mar, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 93,075 tonnes cargo including 51,830 tonnes import, 41,245` tonnes export cargo and 3,619 containers during last 24 hours ending at 0700 hours on Saturday.
Published 11 Mar, 2007 12:00am

Mauritius container handling to grow 60 percent

The Mauritius port's container handling capacity is expected to grow by 60 percent in 2007 after two new cranes become operational, a top port official said on Tuesday.
Published 11 Mar, 2007 12:00am

PSA's 2006 profit up 14 percent

PSA International, Singapore's state-owned ports operator, on Monday reported a 14 percent rise in 2006 profit and said its main challenge for this year would be to keep its costs under control.
Published 11 Mar, 2007 12:00am

Caribbean freight rates fall again

Spot rates for Aframax dirty tankers on Caribbean routes weakened further, under pressure from softer European markets, brokers said on Thursday. Rates for 70,000 tonne dirty cargoes moving between the Caribbean and the US Gulf Coast fell to W200 from W21
Published 11 Mar, 2007 12:00am

CBOT rice lower

Rough rice futures at the Chicago Board of Traded ended weaker on Thursday as the market drifted lower amid thin volume, traders said. "When we failed to climb more than 2 cents on the open, we couldn't attract major trading on either side of the market,"
Published 11 Mar, 2007 12:00am

South Korean copper demand picking up

South Korean spot copper premiums have risen since late last year as demand for copper cathode from copper wire makers has recovered modestly after a two-year slump, traders said. The copper cathode import premium was quoted at around $120 per tonne over
Published 11 Mar, 2007 12:00am

US copper ends off

US copper futures slid in late trade and closed just above session lows as participants squared positions ahead of the weekend, traders said. The early boost provided by healthier-than-forecast US jobs data was viewed as an opportune time to sell, they ad
Published 11 Mar, 2007 12:00am

USDA report seen neutral for cotton market

The monthly supply/demand report by the US Agriculture Department will probably have a neutral impact on the cotton market because all the changes were in line with trade expectations, analysts said Friday. USDA lowered US cotton exports to 14 million (48
Published 11 Mar, 2007 12:00am

Australian wool higher on week

The Australian wool market finished 3.6 percent higher, on average, at sales in Sydney, Melbourne and Fremantle this week, when the trade saw the start of a series of smaller offerings and a weaker Australian dollar.
Published 11 Mar, 2007 12:00am

Coffee higher

US arabica coffee futures closed a shade higher Friday, as origin sellers backed away from the market amid a firming Brazilian currency and speculators provided some support, brokers said. "Technically New York is consolidating. London had a nice performa
Published 11 Mar, 2007 12:00am

Soybeans end firm

Chicago Board of Trade soybean futures closed firm on Friday after a choppy and range-bound session, recovering from an early technical sell-off, traders said. Soybeans were able to bounce when CBOT wheat rallied.
Published 11 Mar, 2007 12:00am

US gold futures down

US gold futures finished lower on Friday, ending a streak of solid gains in the last three sessions as the dollar rose and crude oil weakened. Most-active gold for April delivery on the COMEX division of the New York Mercantile Exchange settled down $3.50
Published 11 Mar, 2007 12:00am

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 43.67 cents per pound, effective through March 15. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton.
Published 11 Mar, 2007 12:00am

New York cocoa settles up

US cocoa open-outcry futures contracts closed higher Friday in a fund-driven market with dry weather in West Africa's cocoa belt underpinning prices, dealers said. "You had predominantly fund buying and selling on both sides of the market with a little bi
Published 11 Mar, 2007 12:00am

Commodity prices falter

World commodity prices faced another mixed performance last week as investors mulled a modest recovery in global stock markets and signs of strengthening Chinese and American demand.
Published 11 Mar, 2007 12:00am

Reliance fixes 1-for-5 ratio to absorb IPCL

India's top private firm Reliance Industries Ltd board on Saturday fixed a one-for-five share swap ratio for absorbing its unit Indian Petrochemicals Corp Ltd (IPCL) a statement said.
Published 11 Mar, 2007 12:00am

Boeing boss sees threat from China

China will soon be threatening major Western aircraft makers, Boeing boss James McNerney said in an interview with German weekly Der Spiegel to be published on Sunday.
Published 11 Mar, 2007 12:00am

China pension fund eyes more investment abroad

China's National Social Security Fund plans to pour more of its assets into overseas financial markets, its chairman Xiang Huaicheng said on Saturday.
Published 11 Mar, 2007 12:00am

Hyundai Motor union accepts night shift reforms

Unionised workers at South Korea's largest automaker Hyundai Motor have agreed to the introduction of an additional work shift, settling a protracted dispute, company officials said Saturday.
Published 11 Mar, 2007 12:00am

US ready to reduce agricultural subsidies: Bush

The United States is prepared to reduce agricultural subsidies but wants to ensure market access for goods, President George W. Bush said on Saturday during a tour of Latin America.
Published 11 Mar, 2007 12:00am

Brazil and US sees progress in global trade talks

Brazilian and US trade negotiators said on Saturday they believed they could make progress in the stalled Doha round of global trade talks but warned that the window would not stay open for long.
Published 11 Mar, 2007 12:00am

Head of Argentine statistics office quits

The director of Argentina's statistics agency has resigned following accusations of government interference with inflation data, a leading newspaper reported on Saturday.
Published 11 Mar, 2007 12:00am

Stricter lending seen barring one million US home buyers

Tougher lending standards stemming from the shakeout in the beleaguered subprime mortgage industry could prevent up to 1.1 million US homebuyers from getting mortgages this year, a Bear Stearns analyst told investors on Friday.
Published 11 Mar, 2007 12:00am

Dubai rough diamond trade up 5.36 percent

Total trade in rough diamonds in Dubai grew 5.36 percent to $3.93 billion in 2006, the Dubai Diamond Exchange (DDE) said on Saturday. In terms of volume, trade rose 18.8 percent to 84.6 million carats with imports rising 15 percent to about 42.6 million c
Published 11 Mar, 2007 12:00am

Dollar leaps against yen

The dollar strengthened against the yen and Swiss franc on Friday after a report showing US jobs growth gave investors courage to add to riskier trades financed by borrowing in low-yielding currencies.
Published 11 Mar, 2007 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 9

281.75

USD PKR Interbank Buying / May 9

281.50

USD to Japanese Yen / May 9

145.37

USD to Swiss Franc / May 9

0.83

Pound Sterling to USD / May 9

1.33

Euro to USD / May 9

1.12

UK LIBOR % / May 9

4.96

Stock Volume

S&P 500 / May 9

5,659.91

India Sensex / May 9

79,454.47

Tokyo Nikkei / May 9

37,503.33

Nasdaq / May 9

17,928.92

Hang Seng / May 9

22,867.74

FTSE 100 / May 9

8,554.80

Dow Jones / May 9

41,249.38

Germany DAX 30 / May 9

23,499.32

France CAC40 / May 9

7,743.75

Item Value

Crude Oil USD/Barrel / May 9

61.02

Karachi Cotton PKR/37.32 KG / May 9

16,985

Gold 10 Grams PKR / May 9

300,840

Gold Spot USD/Ounce / May 9

3,324.98

Cotton US¢/pound / May 9

66.61

Petrol/Litre / May 12

252.63

Diesel/Litre / May 12

256.64

Gainers
Losers
Leaders

Stock Price

First AL-Noor Mod. / May 9

First Al-Noor Modaraba(FANM)

3

▲ 0.67 (28.76%)

Premier Insurance / May 9

Premier Insurance Limited(PINL)

5.15

▲ 0.72 (16.25%)

Escorts Bank / May 9

Escorts Investment Bank Limited(ESBL)

5.98

▲ 0.83 (16.12%)

Parmount Sp. / May 9

Paramount Spinning Mills Limited(PASM)

3.22

▲ 0.41 (14.59%)

UDL International / May 9

UDL International Limited(UDLI)

7.10

▲ 0.85 (13.6%)

Abdullah Shah / May 9

Abdullah Shah Ghazi Sugar Mills Limited(AGSML)

5.44

▲ 0.65 (13.57%)

Chenab Ltd (Pref) / May 9

Chenab Limited (Pref)(CLCPS)

2.05

▲ 0.23 (12.64%)

LSE Capital / May 9

LSE Capital Limited(LSECL)

4.39

▲ 0.48 (12.28%)

Cnergyico PK / May 9

Cnergyico PK Limited(CNERGY)

6.42

▲ 0.7 (12.24%)

D.S. Ind. Ltd. / May 9

D.S. Industries Limited(DSIL)

3.90

▲ 0.41 (11.75%)

Stock Price

Cyan Limited / May 9

Cyan Limited(CYAN)

27.05

▼ -5.03 (-15.68%)

Burj Clean Energy Modaraba / May 9

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

7.11

▼ -1 (-12.33%)

Universal Ins. / May 9

The Universal Insurance Company Limited(UVIC)

8.25

▼ -1 (-10.81%)

Sally Textile / May 9

Sally Textile Mills Limited(SLYT)

7.14

▼ -0.86 (-10.75%)

Jubilee Spinning / May 9

Jubilee Spinning & Weaving Mills Ltd.(JUBS)

8.43

▼ -0.95 (-10.13%)

At-Tahur Ltd. / May 9

At-Tahur Limited(PREMA)

42.57

▼ -4.73 (-10%)

Khyber Tobacco / May 9

Khyber Tobacco Company Limited(KHTC)

342.26

▼ -38.03 (-10%)

Dewan Mushtaq / May 9

Dewan Mushtaq Textile Mills Limited(DMTM)

9.29

▼ -1.03 (-9.98%)

PIA Holding Co.Ltd / May 9

PIA Holding Company Limited(PIAHCLA)

12.23

▼ -1.35 (-9.94%)

First Elite Cap.Mod / May 9

First Elite Capital Modaraba(FECM)

18.44

▼ -2 (-9.78%)

Stock Volume

WorldCall Telecom / May 9

Worldcall Telecom Limited(WTL)

47,087,025

▲ 0.06

Cnergyico PK / May 9

Cnergyico PK Limited(CNERGY)

33,590,475

▲ 0.7

Sui South Gas / May 9

Sui Southern Gas Company Limited(SSGC)

29,288,646

▼ -1.53

B.O.Punjab / May 9

The Bank of Punjab(BOP)

18,310,598

▲ 0.44

Pak Refinery / May 9

Pakistan Refinery Limited(PRL)

15,347,121

▲ 0.3

PIA Holding Co.Ltd / May 9

PIA Holding Company Limited(PIAHCLA)

14,961,675

▼ -1.35

Sui North Gas / May 9

Sui Northern Gas Pipelines Limited(SNGP)

14,847,660

▲ 5.69

K-Electric Ltd. / May 9

K-Electric Limited(KEL)

14,463,181

▲ 0.09

Maple Leaf Cement / May 9

Maple Leaf Cement Factory Limited(MLCF)

13,544,491

▲ 2.45

Kohinoor Spining / May 9

Kohinoor Spinning Mills Limited(KOSM)

13,517,642

▲ 0.05

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NJLI Sarmaya Growth Fund Rates

FY26 budget: Rates of CGT and WHT will be reduced

SC dismisses ‘frivolous’ plea of FPSC with costs

Stocks in Pakistan, India poised for relief rally after ceasefire

Surprisingly, Pakistan and India agree to ceasefire

Pakistan Electricity Review 2025 launched

Pakistan’s steel maker activates 6.4MW solar plant at Karachi plant

Gold prices lower further

Inefficiencies hiking capacity charges highlighted

NJLI Sarmaya Growth Fund Rates

Operation ‘Bunyan ul Marsoos’: Pakistan destroys Udhampur airbase, Pathankot airfield in India, state media reports

Federal budget 2025-26: Cut in taxation rates for salaried people likely

Pakistan’s steel maker activates 6.4MW solar plant at Karachi plant

FBR issues SRO to amend Income Tax Rules 2002

Gold price per tola declines Rs1,800 in Pakistan

Trump says Pakistan, India have agreed to a ceasefire

Global militaries to study Pakistan-India fighter jet battle

No meeting of National Command Authority scheduled: defence minister

NJLI Sarmaya Growth Fund Rates

FBR issues SRO to amend Income Tax Rules 2002

Pakistan’s steel maker activates 6.4MW solar plant at Karachi plant

Global militaries to study Pakistan-India fighter jet battle

KSE-100 rebounds after historic plunge; IMF board meeting adds to investor focus

Gold price per tola declines Rs1,800 in Pakistan

Operation ‘Bunyan ul Marsoos’: Pakistan destroys Udhampur airbase, Pathankot airfield in India, state media reports

Imports & exports: Leading shipping co imposes war risk surcharge

Federal budget 2025-26: Cut in taxation rates for salaried people likely

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 12	252.63
Diesel/Litre / May 12	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05