News Archives for Print - 2007-04-06

Heavy rains in Brazil's soya producing states

Heavy rains have begun falling on Brazil's southern soyabean producing states and a new cold front will bring more moisture into parts of the center-west, meteorologist Somar said Thursday.

Published 06 Apr, 2007 12:00am

Indian state polls key test for national parties

Elections in India's most populous state of Uttar Pradesh are often billed as all about caste politics, but this time they are also an important barometer of the fortunes of the country's two main political parties.

Published 06 Apr, 2007 12:00am

Tigers kill four farmers: Sri Lanka

The Tamil Tigers shot dead four Sri Lankan farmers in the island's northeast on Thursday, the military said, but the rebels denied what was a third attack on civilians in a week. Troops also found and defused a powerful bomb north of the capital.

Published 06 Apr, 2007 12:00am

Inzamam blames senior players for Cup flop

Former Pakistan captain Inzamam-ul-Haq on Thursday blamed the team's first-round exit from the World Cup on the poor performances of the senior players. Speaking in front of a committee appointed by the Pakistan Cricket Board to evaluate the World Cup deb

Published 06 Apr, 2007 12:00am

Sri Lanka clinch dramatic two-run win over England

Sri Lanka pulled off a dramatic two-run World Cup victory over England after young batsman Ravi Bopara was dismissed off the last ball having almost snatched the Super Eights game on Wednesday.

Published 06 Apr, 2007 12:00am

Rome official plays down claims of police force

The government official responsible for public security in Rome said that police did not use excessive force to control crowd trouble at the Champions League match between AS Roma and Manchester United on Wednesday.

Published 06 Apr, 2007 12:00am

Whatmore offers coaching job for India

Bangladesh coach Dav Whatmore threw his hat in the ring on Wednesday to succeed Greg Chappell as India coach. On the day Chappell handed in his resignation, two weeks after the team's first-round exit in the World Cup, Whatmore confirmed his interest in t

Published 06 Apr, 2007 12:00am

Venus improves record over Schnyder to 9-0

Venus Williams continued her quest back to the top of women's tennis on Wednesday, upsetting fourth seed Patty Schnyder to reach the third round of the Amelia Island championship. The 3-6 6-3 6-4 win improves Williams's record over the Swiss world number

Published 06 Apr, 2007 12:00am

Davydenko to face Mathieu in Davis Cup opener

Russia's Nikolay Davydenko will kick off the Davis Cup World Group quarter-final tie against France with an opening singles match against Paul-Henri Mathieu on Friday.

Published 06 Apr, 2007 12:00am

Indian rupee climbs towards eight-year high

The Indian rupee raced towards its highest level in nearly eight years in late trade on Thursday, as dealers built short positions in the dollar on expectations the central bank would not intervene to limit gains.

Published 06 Apr, 2007 12:00am

Asian currencies: Sudden spurt in South Korean won enlivens markets

A sudden, late spurt in the South Korean won to an eight-week high energised what was otherwise a dull trading session in Asian currencies on Thursday. Trading was dulled by holidays in the Philippines and Taiwan and the upcoming Good Friday holiday globa

Published 06 Apr, 2007 12:00am

Dollar slips

The dollar fell on Wednesday after data showing growth in the US service sector slid to a four-year low in March, reinforcing a view that the US economy is weakening. The dollar neared a two-year low against the euro after the Institute for Supply Managem

Published 06 Apr, 2007 12:00am

Dollar off five-week high

The dollar hovered below a five-week high against the yen on Thursday as investors shifted their focus to a monthly US payrolls report due the following session.

Published 06 Apr, 2007 12:00am

Chinese yuan hits post-revaluation high

China's yuan edged up to a post-revaluation high against the US dollar on Thursday after the central bank announced a surprise hike in banks' reserve requirements. The yuan, which was at 7.7259 to the dollar just before the announcement, against Wednesday

Published 06 Apr, 2007 12:00am

Swiss franc hovers near eight-year lows

The Swiss franc was hovering around 8-year lows against the euro on Thursday as the Swiss currency remained under pressure in thin volumes ahead of the Easter holiday weekend. The franc stood slightly firmer against the euro at 1.6305 per euro, up from 1.

Published 06 Apr, 2007 12:00am

Bangladesh interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.80/68.80 (previous 68.80/68.80).

Published 06 Apr, 2007 12:00am

Japanese government bonds jump

Benchmark Japanese government bond futures bounced off a three-month low on Thursday as players covered short positions after US Treasuries rose the previous day and Tokyo share prices fell. In the absence of major data and with investors not rushing to b

Published 06 Apr, 2007 12:00am

Japanese government bonds jump

Benchmark Japanese government bond futures bounced off a three-month low on Thursday as players covered short positions after US Treasuries rose the previous day and Tokyo share prices fell. In the absence of major data and with investors not rushing to b

Published 06 Apr, 2007 12:00am

Tokyo stocks snap two-day rally

The Nikkei slipped 0.30 percent on Thursday following a two-day rise, with Fast Retailing Co Ltd and other recent gainers dropping and lower oil prices weighing on energy stocks such as Nippon Oil Corp. Nintendo Co Ltd rose after it raised its sales and p

Published 06 Apr, 2007 12:00am

Singapore shares close at new record high

Singapore share prices closed at a fresh record high on Thursday supported by gains in technology and agricultural plantation stocks and a rise in Wall Street overnight, dealers said. However, profit-taking ahead of the long Easter weekend curbed the mark

Published 06 Apr, 2007 12:00am

Thai stock prices dip

Thai share prices closed 0.15 percent lower on Thursday, in line with regional stocks, on profit taking and selective buying of big-cap stocks, dealers said. They said foreign funds continued flowing into the Thai market while property stocks rose on stro

Published 06 Apr, 2007 12:00am

Jakarta shares plunge

Indonesian share prices closed down 1.38 percent on Thursday after the central bank surprised the market by keeping its benchmark interest rate unchanged at 9.0 percent, dealers said. The Jakarta Stock Exchange composite index close down 26.440 points at

Published 06 Apr, 2007 12:00am

US Treasuries climb

US Treasury debt prices firmed on Wednesday as surprisingly weak economic data bolstered the view the Federal Reserve may cut rates and spurred investors to cover short positions prior to Friday's payrolls report.

Published 06 Apr, 2007 12:00am

US Treasuries climb

US Treasury debt prices firmed on Wednesday as surprisingly weak economic data bolstered the view the Federal Reserve may cut rates and spurred investors to cover short positions prior to Friday's payrolls report.

Published 06 Apr, 2007 12:00am

Indian shares surge on fund buying

Indian share prices closed 0.54 percent higher on Thursday on fund buying in metal and banking stocks, dealers said. They said mid and small-cap stocks rose as the markets recovered for the third straight day after the Sensex posted the sharpest fall in n

Published 06 Apr, 2007 12:00am

US stocks up on lower oil

US stocks edged up on Wednesday as Iran's plans to release captured British troops led to a decline in oil prices and positive brokerage comments boosted Microsoft Corp. Data pointing to services sector weakness and slower-than-expected growth in factory

Published 06 Apr, 2007 12:00am

Chinese shares finish firmer

China's benchmark stock index rose 0.84 percent on Thursday, setting a record-high close for a fourth straight day and reversing losses earlier in the session as investors continued to buy blue chips, betting on long-term market strength. The Shanghai Com

Published 06 Apr, 2007 12:00am

Malaysian stocks soar

Malaysian share prices closed 0.49 percent higher on Thursday in a mixed session, with rotational interest in companies in water-related industries offsetting profit-taking, dealers said. The Kuala Lumpur Composite Index closed up 6.17 points at 1,277.48.

Published 06 Apr, 2007 12:00am

Seoul shares hit record

Seoul shares hit a second straight record high on Thursday led by techs such as LG.Philips LCD on expectations earnings are set to recover, but ran out of steam to close flat as investors locked in gains in banks and steel firms.

Published 06 Apr, 2007 12:00am

Handicapped students enjoy a tour of KPT

Twenty-eight special children along with two teachers of Anjuman-e-Behbood-e-Samat-e-Atfal (Absa) School and College visited Karachi Port Trust on Thursday. They were briefed at KPT Staff College after which they went around the port and had a harbour cru

Published 06 Apr, 2007 12:00am

China curbs bank lending yet again

China on Thursday kept up its relentless pace of monetary tightening by ordering banks for the sixth time since last June to tie up more of their deposits in reserve instead of lending them out.

Published 06 Apr, 2007 12:00am

Bangladesh to set up special economic zones

Bangladesh plans to set up special economic zones (SEZs) across the country soon to spur economic growth in the impoverished nation, a minister said Thursday. The SEZs would be set up to boost industrial expansion, the country's interim minister for power

Published 06 Apr, 2007 12:00am

Turkey halts gas talks with France in genocide row

Turkey has suspended talks with Gaz de France over a major pipeline that would bring Caspian gas to Europe, in protest at a French bill on the mass killings of Armenians during Ottoman rule, senior Turkish energy officials told Reuters on Thursday.

Published 06 Apr, 2007 12:00am

India ends freeze on industrial zones hit by protests

India has ended a two-month freeze on approvals of special economic zones, breathing new life into plans for large tax-free enclaves that ran into trouble over controversial purchases of farm land.

Published 06 Apr, 2007 12:00am

Asean to bolster defences a decade after Asian financial crisis

Asean finance ministers on Thursday vowed to strengthen measures to head off any repeat of the 1997 economic crisis that traumatised the region for years afterwards.

Published 06 Apr, 2007 12:00am

WTO members voice frustration ahead of G4 Delhi meet

World Trade Organisation members have voiced frustration at the slow pace of negotiations ahead of a ministerial meeting of key players in New Delhi next week, sources close to the talks said Thursday. The comments came after WTO director general Pascal L

Published 06 Apr, 2007 12:00am

US jobless claims post sharp rise to 321,000

New US jobless claims rose a larger-than-forecast 11,000 last week, government data on Thursday showed, in a report adding to the mixed economic picture painted by other recent US indicators.

Published 06 Apr, 2007 12:00am

BoE holds interest rates

The Bank of England kept interest rates steady at 5.25 percent on Thursday but financial markets are betting that borrowing costs will still rise in May. Most economists had predicted the decision to keep rates unchanged for a third month running, but wer

Published 06 Apr, 2007 12:00am

BoE holds interest rates

The Bank of England kept interest rates steady at 5.25 percent on Thursday but financial markets are betting that borrowing costs will still rise in May. Most economists had predicted the decision to keep rates unchanged for a third month running, but wer

Published 06 Apr, 2007 12:00am

BoE holds interest rates

The Bank of England kept interest rates steady at 5.25 percent on Thursday but financial markets are betting that borrowing costs will still rise in May. Most economists had predicted the decision to keep rates unchanged for a third month running, but wer

Published 06 Apr, 2007 12:00am

Google's executive billionaires take $1 salaries

Google Inc paid its top three executives a token 2006 salary of $1 each for the third year running, and bonuses of $1,723 a piece, according to the company's annual proxy filed on Wednesday.

Published 06 Apr, 2007 12:00am

British manufacturing output shrinks

British factory output fell unexpectedly for a second month running in February and at its sharpest rate in nearly 1-1/2 years, raising doubts over the durability of manufacturing's recent recovery. The Office for National Statistics said manufacturing ou

Published 06 Apr, 2007 12:00am

AT&T open to Italian partners in torn Telecom Italia

AT&T says it is open to Italian partners in Telecom Italia as it and America Movil aim to buy a controlling interest in Italy's biggest telecoms operator, where investors are at loggerheads over the sacking of its chairman.

Published 06 Apr, 2007 12:00am

Airbus parent EADS names new co-chairman

Airbus parent EADS named a new German co-chairman on Thursday, picking a discreet Daimler car executive who played a key role behind the scenes in the creation of Europe's aerospace giant in 2000. Ruediger Grube, 55, replaces Manfred Bischoff, who was nam

Published 06 Apr, 2007 12:00am

Malaysian palm oil slips

Malaysian crude palm oil futures closed 1.2 percent lower on Thursday as players booked profits after strong gains. The most active month hit new eight-year highs for the fourth time since on Friday in a day of volatile trade.

Published 06 Apr, 2007 12:00am

Tocom rubber closes lower

Tokyo rubber futures ended lower on Thursday, falling by 1.5 percent on a decline of oil prices. But prices were supported by short covering after the key contract broke briefly below the closely watched level of 280 yen, dealers said.

Published 06 Apr, 2007 12:00am

CBOT rice closes firm

Rough rice futures at the Chicago Board of Trade closed higher on Wednesday on a technical bounce, supported by the strength in corn, traders said. May rough rice end 6 cents higher at $10.23 per hundredweight and July closed 5-1/2 up at $10.59.

Published 06 Apr, 2007 12:00am

NYBoT cotton stocks rise

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of April 3 totalled 649,492 (480-lb) bales, from 649,240 bales the previous session. There were 1,130 bales issued, 20,542 bales were awaiting

Published 06 Apr, 2007 12:00am

Soya ends weak

Soyabean futures at the Chicago Board of Trade closed lower on Wednesday in a volatile weather market, traders said. CBOT soya closed 1-1/2 to 4 cents per bushel lower, with May down 2-3/4 at $7.61 per bushel. New-crop November was down 2 at $8.05-1/4 per

Published 06 Apr, 2007 12:00am

New York sugar softer

Raw sugar futures settled lower on Wednesday on light speculative sales as most of the trade appear to be out ahead of the Easter break, brokers said. The sugar market will be shut on Friday for a holiday and trading resumes on Monday.

Published 06 Apr, 2007 12:00am

Lawyers to settle disputes amicably: Supreme Court Registrar informed

The Registrar Supreme Court was informed on Thursday by a lawyer of the referring authority Arif Chaudhry that in order to maintain good relations among the lawyers community and to avoid the recurrence of unpleasant incidents like the one under inquiry,

Published 06 Apr, 2007 12:00am

Indonesia signs deal to buy Vietnamese rice

Indonesia signed an initial agreement with Vietnam to import up to 1 million tonnes of rice, a senior trade ministry official said on Thursday. Dinah Maulida, director general of foreign trade, said the agreement would help secure rice supplies from Vietn

Published 06 Apr, 2007 12:00am

Lawyers to settle disputes amicably: Supreme Court Registrar informed

The Registrar Supreme Court was informed on Thursday by a lawyer of the referring authority Arif Chaudhry that in order to maintain good relations among the lawyers community and to avoid the recurrence of unpleasant incidents like the one under inquiry,

Published 06 Apr, 2007 12:00am

Indian soya gains

Indian Soya futures were up on Thursday after officials estimated a fall in domestic oilseeds output from a year ago. Firm global prices due to tight supplies also hit sentiment. Sugar futures fell on abundant stocks. The April Soya futures on the Nationa

Published 06 Apr, 2007 12:00am

FTO decisions: President rejects 266 CBR representations

President General Pervez Musharraf has rejected 266 representations filed by the Central Board of Revenue (CBR) against the decisions of Federal Tax Ombudsman (FTO) upto March 28, 2007. According to latest data compiled by CBR Legal Wing on Thursday, the

Published 06 Apr, 2007 12:00am

Shanghai copper edges higher

China copper futures edged higher on Thursday, maintaining a weeklong upturned supported by perceptions of a looming supply pinch. Shanghai's most active June copper contract was up 1.2 percent at 66,400 yuan ($8,592) a tonne, after hitting the highest fo

Published 06 Apr, 2007 12:00am

FTO decisions: President rejects 266 CBR representations

President General Pervez Musharraf has rejected 266 representations filed by the Central Board of Revenue (CBR) against the decisions of Federal Tax Ombudsman (FTO) upto March 28, 2007. According to latest data compiled by CBR Legal Wing on Thursday, the

Published 06 Apr, 2007 12:00am

Cotlook to withdraw European cotton indices

A leading cotton industry group said on Wednesday that the 2007/08 season will be the last for European cotton indices. "For the past four years, the substantive Cotlook A Index has been based on C/F offers to main Far Eastern ports, to reflect the massiv

Published 06 Apr, 2007 12:00am

FTO decisions: President rejects 266 CBR representations

President General Pervez Musharraf has rejected 266 representations filed by the Central Board of Revenue (CBR) against the decisions of Federal Tax Ombudsman (FTO) upto March 28, 2007. According to latest data compiled by CBR Legal Wing on Thursday, the

Published 06 Apr, 2007 12:00am

US crude oil prices end steady

US crude oil prices steadied on Thursday, as traders awaited confirmation of Iran's move to free 15 British sailors, while a sharp drop in weekly US gasoline stocks supported the market. US light crude for May delivery was down 9 cents at $64.29 a barrel

Published 06 Apr, 2007 12:00am

World Cup takes a break

The World Cup takes a two-day (Thursday and Friday) break from the second stage Super Eights action.

Published 06 Apr, 2007 12:00am

Asian physical rubber prices

Asian physical rubber prices were quoted lower on Thursday after futures contracts on Tokyo Commodity Exchange slid around 1 percent following a dip in crude oil prices. Trading was slim with many buyers expecting physical prices to drop further in line w

Published 06 Apr, 2007 12:00am

World Cup takes a break

The World Cup takes a two-day (Thursday and Friday) break from the second stage Super Eights action.

Published 06 Apr, 2007 12:00am

Malaysian tin up

Malaysian tin rose 2.3 percent on Thursday, boosted by higher prices on the London Metal Exchange and lack of sellers, one dealer said.

Published 06 Apr, 2007 12:00am

PPP denies deal with government

The Pakistan Peoples Party has reacted strongly to two government ministers alleging that the PPP has obtained relief by the closure of the Special Office of Prosecutions headed by Hasan Wasim Afzal of NAB.

Published 06 Apr, 2007 12:00am

Gold near five-week high in Asia

Gold slipped but was within sight of its highest level in nearly five weeks on Thursday, as trading began to slow down in parts of Asia ahead of the Easter holiday. Spot gold hit an intrude high of $674.70 an ounce before easing to $672.40/672.90, versus

Published 06 Apr, 2007 12:00am

US could crack Iran air defence: Russian generals

The United States would suffer losses if it attacked Iran but weight of numbers would ensure it eventually achieved air supremacy, Russian generals said on Thursday. "According to our estimates, Iran's air defence system is pretty strong," General Yuri So

Published 06 Apr, 2007 12:00am

Tocom gold futures up

Tokyo gold futures closed higher for the third consecutive day on Thursday, climbing about 1 percent to within sight of 2,600 yen as the contract tracked Comex gold's rise. Fund-related buying also drove prices up, players said.

Published 06 Apr, 2007 12:00am

Rice does not rule out meeting with Iranian counterpart

US Secretary of State Condoleezza Rice does not rule out a bilateral meeting with her Iranian counterpart Manouchehr Mottaki on the sidelines of an international conference on Iraq in early May, spokesman Sean McCormack said Thursday.

Published 06 Apr, 2007 12:00am

US gold more than one percent higher

US gold futures ended more than 1 percent higher in heavy trade on Wednesday on technical and options-related buying, but below their session high after Iran said it will free 15 British sailors, reducing the precious metal's appeal as a haven.

Published 06 Apr, 2007 12:00am

Britons were gathering intelligence on Iranians: detainee

The British sailors seized by Iran in the Gulf were gathering intelligence on Iranian activities as part of their routine operations, one of them said in an interview before their capture but only broadcast Thursday.

Published 06 Apr, 2007 12:00am

US copper futures extend rally

US copper futures erased profit-taking losses to end sharply higher on Wednesday, extending a two-month rally and powering the red metal to a new five-month peak by the close, analysts said. "It is just a bull market that's running away with itself," said

Published 06 Apr, 2007 12:00am

Tearful homecoming for Britons freed by Iran

The 15 British military personnel freed by Iran after a two-week diplomatic stand-off were reunited with their families in Britain on Thursday amid questions about the incident and its implications.

Published 06 Apr, 2007 12:00am

Indonesian crude palm oil up

Indonesian palm oil prices were mostly higher on Thursday as sellers cashed in ahead of a long weekend and as good demand supported the market. The Indonesian palm oil market will be closed for Good on Friday.

Published 06 Apr, 2007 12:00am

Solana and Iran negotiator in nuclear contact

European Union foreign policy chief Javier Solana discussed prospects for negotiations on Iran's nuclear programme with Iranian negotiator Ali Larijani in a telephone call shortly before Iran freed 15 captured British navy personnel, an EU official said o

Published 06 Apr, 2007 12:00am

New York cocoa higher

US cocoa futures settled up 1.9 percent on Wednesday, on speculative buying and options-related dealings that buoyed prices for the second straight day following on Monday's slide from nearly four-year-high levels, traders said.

Published 06 Apr, 2007 12:00am

Brokers' clearance: National Assembly body irked at SECP's decision

The National Assembly Standing Committee on Finance and Revenue took serious note of the clearance letters issued to the brokers involved in the stock exchange scam of March 2005. Not satisfied with the Security and Exchange Commission of Pakistan (SECP)

Published 06 Apr, 2007 12:00am

Coffee ends easier

US arabica coffee futures inched to a lower close on Wednesday in the open-outcry pit on two-sided speculative participation amid quiet trading, traders said. "There was some consolidation of yesterday's gains. There wasn't a lot of activity," one trader

Published 06 Apr, 2007 12:00am

Brokers' clearance: National Assembly body irked at SECP's decision

The National Assembly Standing Committee on Finance and Revenue took serious note of the clearance letters issued to the brokers involved in the stock exchange scam of March 2005. Not satisfied with the Security and Exchange Commission of Pakistan (SECP)

Published 06 Apr, 2007 12:00am

MGE wheat rises

Hard red spring wheat futures on the Minneapolis Grain Exchange climbed more than 2 percent on Wednesday, following a surge in Chicago Board of Trade wheat futures, traders said. Worries about a frost threat to US winter wheat this weekend triggered specu

Published 06 Apr, 2007 12:00am

Brokers'' clearance: National Assembly body irked at SECP''s decision

The National Assembly Standing Committee on Finance and Revenue took serious note of the clearance letters issued to the brokers involved in the stock exchange scam of March 2005. Not satisfied with the Security and Exchange Commission of Pakistan (SECP)

Published 06 Apr, 2007 12:00am

Cotton prices rise to record levels

Cotton prices rose to record levels for this season (2006-07) when 4,000 bales of prime quality of lint from Rahimyar Khan in Punjab sold at Rs 2800 per maund (37.32 kgs) which is the highest price obtained by the ginners this year.

Published 06 Apr, 2007 12:00am

Discos seek another tariff raise

The power distribution companies (Discos) are to seek raise in tariff as they believe that the 10 percent increase is not enough to meet the financial shortfall, well-placed sources in the Ministry of Water and Power told Business Recorder.

Published 06 Apr, 2007 12:00am

Cotton prices rise to record levels

Cotton prices rose to record levels for this season (2006-07) when 4,000 bales of prime quality of lint from Rahimyar Khan in Punjab sold at Rs 2800 per maund (37.32 kgs) which is the highest price obtained by the ginners this year.

Published 06 Apr, 2007 12:00am

Discos seek another tariff raise

The power distribution companies (Discos) are to seek raise in tariff as they believe that the 10 percent increase is not enough to meet the financial shortfall, well-placed sources in the Ministry of Water and Power told Business Recorder.

Published 06 Apr, 2007 12:00am

Activity picks up on cotton market, further price rise feared

Cotton prices might depict further rise due to short supplies and sharp rise in the imported cotton rates, dealers said at the cotton market on Thursday.

Published 06 Apr, 2007 12:00am

Discos seek another tariff raise

The power distribution companies (Discos) are to seek raise in tariff as they believe that the 10 percent increase is not enough to meet the financial shortfall, well-placed sources in the Ministry of Water and Power told Business Recorder.

Published 06 Apr, 2007 12:00am

Oil cake market rates

The May vaida was lower while the July vaida was unchanged on the forward cottonseed oilcake market on Thursday, dealers said. The May viada did not show any change at the beginning of session at Rs 672.00 and closing was seen at Rs 668.00 to show a loss

Published 06 Apr, 2007 12:00am

SBP issues consolidated policy framework to banks and DFIs

The State Bank of Pakistan has issued consolidated instructions on policy framework to facilitate banks and DFIs to ensure compliance of the regulatory requirements. Accordding to BSD Circular No 3, the Central Bank stated that good governance is essentia

Published 06 Apr, 2007 12:00am

Correction

In the head line of Wednesday's report inadvertently the rate was given as per bale, whereas it should have been per maund. The omission is regretted.

Published 06 Apr, 2007 12:00am

SBP issues consolidated policy framework to banks and DFIs

The State Bank of Pakistan has issued consolidated instructions on policy framework to facilitate banks and DFIs to ensure compliance of the regulatory requirements. Accordding to BSD Circular No 3, the Central Bank stated that good governance is essentia

Published 06 Apr, 2007 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 06 Apr, 2007 12:00am

Taliban attacks into Afghanistan curbed: Aurakzai

Taliban attacks into Afghanistan from Pakistan have virtually stopped since Pakistan imposed stringent controls on its border, a senior aide to President Pervez Musharraf said on Thursday.

Published 06 Apr, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 05, 2007).

Published 06 Apr, 2007 12:00am

Commencement of site work on M-4 likely in 2008

The commencement of site work of Faisalabad-Khanewal Motorway (M-4) under the National Trade Corridor Highway Investment Program (NTCHIP) Multitranche Financing Facility (MFF) is expected in early 2008, with an estimated completion date of late 2010.

Published 06 Apr, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (April 05, 2007).

Published 06 Apr, 2007 12:00am

Prgmea condemns NTSC decision

Ijaz A. Khokhar, Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) has condemned the decision taken by the National Textile Strategy Committee (NTSC) on commerce headed by MNA Iqbal Muhammad Ali Khan which has approved Tr

Published 06 Apr, 2007 12:00am

OPF revises criteria for contract teachers

Overseas Pakistanis Foundation (OPF) has revised recruitment criteria for teachers working on contract basis in its educational institutions. OPF manager director Mushtaq Ahmed told APP here on Thursday that the revised criteria would be made public throu

Published 06 Apr, 2007 12:00am

Nine children killed as tractor-trolley rams into school

A speeding tractor-trolley rammed into a roadside Masjid-Maktab school at village Thatha Panah, 27 kilometres from here, on Thursday, killing nine children and injuring 17 others, police said.

Published 06 Apr, 2007 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (April 05, 2007).

Published 06 Apr, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 10	280.13
USD PKR Interbank Buying / Mar 10	279.93
USD to Japanese Yen / Mar 10	147.11
USD to Swiss Franc / Mar 10	0.88
Pound Sterling to USD / Mar 10	1.29
Euro to USD / Mar 10	1.09
UK LIBOR % / Mar 10	4.96

Stock	Volume
S&P 500 / Mar 10	5,614.56
India Sensex / Mar 10	73,743.88
Tokyo Nikkei / Mar 10	36,382.57
Nasdaq / Mar 10	17,468.32
Hang Seng / Mar 10	23,604.44
FTSE 100 / Mar 10	8,600.22
Dow Jones / Mar 10	41,911.71
Germany DAX 30 / Mar 10	22,620.95
France CAC40 / Mar 10	8,047.60

Item	Value
Crude Oil USD/Barrel / Mar 10	65.99
Karachi Cotton PKR/37.32 KG / Mar 10	17,585
Gold 10 Grams PKR / Mar 10	262,345
Gold Spot USD/Ounce / Mar 10	2,896.17
Cotton US¢/pound / Mar 10	65.68
Petrol/Litre / Mar 11	255.63
Diesel/Litre / Mar 11	258.64

Stock	Price
Pak Gen.Ins. / Mar 11 The Pakistan General Insurance Co. Ltd.(PKGI)	9.84 ▲ 0.99 (11.19%)
At-Tahur Ltd. / Mar 11 At-Tahur Limited(PREMA)	35.37 ▲ 3.22 (10.02%)
Macter Int. Ltd / Mar 11 Macter International Limited(MACTER)	355.73 ▲ 32.34 (10%)
Hussain Industries / Mar 11 Husein Industries Limited(HUSI)	28.39 ▲ 2.58 (10%)
Barkat Frisian Agro / Mar 11 Barkat Frisian Agro Limited(BFAGRO)	24.22 ▲ 2.2 (9.99%)
Idrees Tex. / Mar 11 Idrees Textile Mills Limited(IDRT)	19.61 ▲ 1.78 (9.98%)
Nazir Cotton Mills / Mar 11 Nazir Cotton Mills Limited(NCML)	11.79 ▲ 0.98 (9.07%)
Din Tex. / Mar 11 Din Textile Mills Limited(DINT)	52 ▲ 3.9 (8.11%)
Sally Textile / Mar 11 Sally Textile Mills Limited(SLYT)	9.74 ▲ 0.68 (7.51%)
JS Investments / Mar 11 JS Investments Limited(JSIL)	23.25 ▲ 1.44 (6.6%)

Stock	Price
Sec. Inv. Bank / Mar 11 Security Investment Bank Limited(SIBL)	7.12 ▼ -0.99 (-12.21%)
786 Invest Ltd / Mar 11 786 Investments Limited(786)	8.31 ▼ -0.97 (-10.45%)
Int. Knit. / Mar 11 International Knitwear Limited(INKL)	16.18 ▼ -1.8 (-10.01%)
Shaheen Ins. / Mar 11 Shaheen Insurance Company Limited(SHNI)	6.39 ▼ -0.56 (-8.06%)
F.Credit & Inv / Mar 11 First Credit and Investment Bank Limited(FCIBL)	6.76 ▼ -0.59 (-8.03%)
Power Cem(Pref) / Mar 11 Power Cement (Pref)(POWERPS)	13.30 ▼ -1.16 (-8.02%)
Jahangir Sidd(Pref) / Mar 11 Jahangir Sidd(Pref)(JSCLPSA)	8.50 ▼ -0.74 (-8.01%)
First Elite Cap.Mod / Mar 11 First Elite Capital Modaraba(FECM)	10.12 ▼ -0.88 (-8%)
Bela Auto / Mar 11 Bela Automotives Limited(BELA)	123.10 ▼ -9.9 (-7.44%)
Noon Sugar / Mar 11 Noon Sugar Mills Limited(NONS)	73.52 ▼ -5.48 (-6.94%)

Stock	Volume
Power Cement / Mar 11 Power Cement Limited(POWER)	24,823,328 ▼ -0.23
Fauji Cement / Mar 11 Fauji Cement Company Limited(FCCL)	22,194,869 ▼ -0.36
Maple Leaf Cement / Mar 11 Maple Leaf Cement Factory Limited(MLCF)	19,750,525 ▼ -0.3
B.O.Punjab / Mar 11 The Bank of Punjab(BOP)	19,550,989 ▲ 0.12
Sui South Gas / Mar 11 Sui Southern Gas Company Limited(SSGC)	17,959,994 ▼ -0.35
K-Electric Ltd. / Mar 11 K-Electric Limited(KEL)	16,661,305 ▼ -0.06
WorldCall Telecom / Mar 11 Worldcall Telecom Limited(WTL)	11,985,116 ▼ -0.02
At-Tahur Ltd. / Mar 11 At-Tahur Limited(PREMA)	11,338,540 ▲ 3.22
D.G.K.Cement / Mar 11 D.G. Khan Cement Company Limited(DGKC)	9,171,488 ▼ -0.23
National Bank / Mar 11 National Bank of Pakistan(NBP)	8,004,662 ▲ 0.59

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