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Print - 2007-04-13
P&D department to hold media briefing on April 14

P&D department to hold media briefing on April 14

Planning and Development (P&D) Department, the government of Punjab is organising an exclusive media briefing session for journalists on 14th April (tomorrow) at the committee room of Punjab Resource Management Office.
Published 13 Apr, 2007 12:00am
Dutch companies invited to invest in Pakistan

Dutch companies invited to invest in Pakistan

Three member delegation of EDB Pakistan have visited Holland to boost Pakistan engineering sector in the Netherlands for attracting the much needed foreign investment in the country, says a press release from Holland.
Published 13 Apr, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 12, 2007).

Published 13 Apr, 2007 12:00am
Commercial envoys in EU to visit Hannover fair

Commercial envoys in EU to visit Hannover fair

All the Pakistani Commercial Attaches in the European Union will visit Hannover Trade Fair on April 17 and 18 to have first hand knowledge about the potential of Pakistan's Engineering Sector.
Published 13 Apr, 2007 12:00am
80 percent children benefited through preventive healthcare plan

80 percent children benefited through preventive healthcare plan

Under the health sector reforms programme (HRSP) initiated in the province, modern health facilities are being provided to the masses at their doorsteps, said Punjab Health Minister Chaudhry Muhammad Iqbal. He was addressing a seminar on 'Invest in Health
Published 13 Apr, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (April 12, 2007) and for Friday (April 13, 2007).
Published 13 Apr, 2007 12:00am
Directive to speed up work on hospital at GT Road

Directive to speed up work on hospital at GT Road

Lahore District Nazim Mian Amer Mahmood has directed the concerned authorities to speed up the work for construction of a state-of-the-art hospital at Manawan on GT Road with a view to providing excellent healthcare facilities to the rural population of t
Published 13 Apr, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 12, 2007).

Published 13 Apr, 2007 12:00am
New OPD block and hostel at PIC

New OPD block and hostel at PIC

New OPD Block and hostel for doctors and nurses are being constructed at a cost of Rs 323.233 million at Punjab Institute of Cardiology (PIC). This was told in a meeting presided over by Punjab Communication and Works Minister Chaudhry Zaheer-ud-Din Khan
Published 13 Apr, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, April 12, 2007.

Published 13 Apr, 2007 12:00am
Former LHC judge named as head of think tank

Former LHC judge named as head of think tank

Justice Nasira Javed Iqbal, former judge of the Lahore High Court (LHC) has been appointed as a President of the think tank of Fountain House. Ghias-ud-din and Professor Dr Haroon Rashid Chaudhry have been appointed vice-presidents while Altaf Hussain Cha
Published 13 Apr, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, April 12, 2007.

Published 13 Apr, 2007 12:00am
LHC takes notice of worsening law and order situation

LHC takes notice of worsening law and order situation

A full bench of the Lahore High Court (LHC) has directed the Capital City Police Officer (CCPO), Lahore to arrest the proclaimed offenders involved in the murder of Arif Bhinder and submit a detailed report over the general law and order situation in the
Published 13 Apr, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, April 12, 2007.

Published 13 Apr, 2007 12:00am
Sindh University body proposes separate exams for regular candidates

Sindh University body proposes separate exams for regular candidates

A consultative committee regarding the reforms of annual examinations of degree colleges, affiliated with the University of Sindh has proposed to conduct separate examinations of external and regular candidates under annual examination system of the Unive
Published 13 Apr, 2007 12:00am
Educational facilities for special children

Educational facilities for special children

Punjab Minister for Special Education Dr Tahir Ali Javed has said that there are more than 1.8 million special children of various categories in the province who need educational and training facilities. Special Education Department is making all out effo
Published 13 Apr, 2007 12:00am
Analysis laboratories vital for quality jewellery: SWOG

Analysis laboratories vital for quality jewellery: SWOG

Seeking to make the jewellery sector more competitive, the Gems & Jewellery Strategic Working Group (SWOG), comprising stakeholders from major jewellery hubs in Pakistan, has identified the pressing need for an assaying and hallmarking laboratory
Published 13 Apr, 2007 12:00am
LUMS gets best delegation award

LUMS gets best delegation award

The LUMS Model United Nations (LUMUN) has won the "best delegation award" at the Harvard World Model UN Conference, Geneva, Switzerland, held from March 25 to April 1, making them World Champions second year in a row.
Published 13 Apr, 2007 12:00am
All Pakistan Model UN Conference

All Pakistan Model UN Conference

All Pakistan Model United Nations Conference 2007 will be held on November 29 which will continue till December 3 at LUMS that will be attended by 1,200 delegates from different countries.
Published 13 Apr, 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 13 Apr, 2007 12:00am
Seraiki Department being completed at cost of Rs 36.7 million

Seraiki Department being completed at cost of Rs 36.7 million

Professor Dr Zafrullah Vice Chancellor of Bahauddin Zikiriya University (BZU) disclosed here on Thursday that Seraiki Department was being completed at a cost of Rs 36.7 million which would preserve and promote local culture with the help of Lok Virsa Isl
Published 13 Apr, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (April 12, 2007) and the forecast for Friday (April 13, 2007).
Published 13 Apr, 2007 12:00am
Lawyers observe strike today

Lawyers observe strike today

The lawyers community is observing a day long strike on Friday, April 13 to express solidarity with suspended Chief Justice of Pakistan Iftikhar Muhammad Chaudhry. The lawyers will boycott the courts, hold protest meetings and hunger strike camps and stag
Published 13 Apr, 2007 12:00am
Railways comments on track replacement sought

Railways comments on track replacement sought

The Lahore High Court Bar Association (LHCBA) has sought the report from Pakistan Railways in a petition filed by LHCBA member, praying to the court to direct the respondents to replace railway track from Lahore to Narowal. Petitioner M D Tahir contended
Published 13 Apr, 2007 12:00am
Lawyers protest continues

Lawyers protest continues

Lawyers on Thursday continued their token and hunger strike to protest the presidential reference against the Supreme Court Chief Justice. Entering the 27th day of their strike, the lawyers did not appear in court for a few hours in the morning.
Published 13 Apr, 2007 12:00am
PPPP takes part in lawyers' protest rally today

PPPP takes part in lawyers' protest rally today

Chaudhry Ghulam Abbas Secretary General PPPP Parliamentarians Punjab addressing a press conference on Thursday said that his party showing unison with lawyers fraternity would participate in April 13 protest of lawyers in the federal capital.
Published 13 Apr, 2007 12:00am
PSP rally slams CJP suspension

PSP rally slams CJP suspension

Pakistan Saraiki Party workers on Thursday staged a protest demonstration against the suspension of chief justice of Pakistan (CJP) and demanded of the government his immediate reinstatement, restoration of democracy in the country and creation of fifth p
Published 13 Apr, 2007 12:00am
Health sector: appointment of retired subedars creates panic

Health sector: appointment of retired subedars creates panic

Appointments of matriculates retired army Subedars in health sector after education sector has created panic among the medial staff at lower level despite the availability of full fledge civilian supervisory experts in the district but retired military me
Published 13 Apr, 2007 12:00am
Crackdown against political activists

Crackdown against political activists

Police on Thursday launch a crackdown against the political activists ahead of protest rallies against the suspension of Chief Justice of Pakistan Iftikhar Chaudhry.
Published 13 Apr, 2007 12:00am
PTCL maintenance work

PTCL maintenance work

PTCL transmission network will be shutdown on Friday (today) from 01.00 to 03.00 hours for carrying out repair work on Wazirabad-Sambrial section optical fiber cable. PTCL regrets the inconvenience that may be caused to the customers in this regard.
Published 13 Apr, 2007 12:00am
SHC issues notice to Sindh Home Secretary, others

SHC issues notice to Sindh Home Secretary, others

A division bench of Sindh High Court comprising Justice Sarmad Jalal Usmani and Justice Ali Sain Dino Metlo Thursday issued notice to AG Sindh, Sindh Home Secretary, Jail Superintendents, Central Prison Karachi and Larkana on petition challenging the tran
Published 13 Apr, 2007 12:00am
Salma Agha lauds Muttahida's philosophy

Salma Agha lauds Muttahida's philosophy

The trend of joining Muttahida Qaumi Movement (MQM) from showbiz world shows the party is working for humanity. Salma Agha, known filmstar and singer in her first appearance in Pakistan after joining MQM said this at a press conference at MQM Head office,
Published 13 Apr, 2007 12:00am
LCCI team embarks on China and Thailand tours today

LCCI team embarks on China and Thailand tours today

A twelve-member high-level LCCI business delegation is leaving for China and Thailand on a seven-day trip on Friday (today) under the leadership of the LCCI Vice President Mubasher Sheikh
Published 13 Apr, 2007 12:00am
Interaction between Pakistani and Tunisian traders urged

Interaction between Pakistani and Tunisian traders urged

The Ambassador of Republic of Tunisia to Pakistan, Zouhaier Dhaouadi has said that zero-rated import system will be implemented in Tunisia from January 2008. Addressing members of Sialkot Chamber of Commerce and Industry (SCCI) here on Thursday.
Published 13 Apr, 2007 12:00am
Liberalisation of services vital for South Asia

Liberalisation of services vital for South Asia

An international conference on "Trade in services in South Asia: Opportunities and Risks" has considered it essential that South Asian countries take up the liberalisation of services in a serious manner.
Published 13 Apr, 2007 12:00am
Dry milk prices surge by Rs 400 in 10 days

Dry milk prices surge by Rs 400 in 10 days

Dry milk prices have gone up by Rs 400 per 25kg bag in the last 10 days to a record high level of Rs 5,200 The market sources said that continued monopolisation of the local market has resulted in increased profiteering by some market movers.
Published 13 Apr, 2007 12:00am
Pakistan's foreign reserves slip by $47 million

Pakistan's foreign reserves slip by $47 million

The total liquid foreign reserves held by the country have declined by 47.4 million dollar at 13,577.5 million dollar here on April 7, 2007, State Bank of Pakistan said here on Thursday According to the break-up, out of this central bank held 11,352.3 mil
Published 13 Apr, 2007 12:00am
Motofone helps farmers get connected

Motofone helps farmers get connected

Motorola, Inc, a global leader in wireless communications, is redefining the mobile handset market and strengthening its drive to connect the next billion phone subscribers with the game-changing Motofone, making stylish design, smart features and easy fu
Published 13 Apr, 2007 12:00am
Power outage in Karachi continues

Power outage in Karachi continues

Power breakdown in the city continues unabated despite repeated assurances from the KESC that it has placed its system in order and there would be no shortage of electricity from 'now onwards'.
Published 13 Apr, 2007 12:00am
Early lung disease detection conducted at DSRA's School

Early lung disease detection conducted at DSRA's School

A ceremony at the completion of the early lung disease detection of students conducted at Defence Society Residents Association's (DSRA's) Trust School was held at Defence Central Library on Wednesday.
Published 13 Apr, 2007 12:00am
Upgradation of TCP's godowns planned

Upgradation of TCP's godowns planned

Trading Corporation of Pakistan (TCP) is working on a mega project costing around Rs 600 million to refurbish and upgrade its godown facility across the country to cater to the rising demand for storage by the private sector.
Published 13 Apr, 2007 12:00am
Sale in KFT project declared illegal

Sale in KFT project declared illegal

Karachi Building Control Authority has declared the advertisement and sale in Karachi Financial Tower project as illegal and warned the people about entering into any deal in this project. The project of M/s Insha NLC was carrying out advertisement and sa
Published 13 Apr, 2007 12:00am
Green energy project initiated

Green energy project initiated

Adviser to the Sindh Chief Minister on Information Technology, Noman Saigal said the smart green energy project had been initiated. He was chairing a meeting of the executive district officers (EDOs) IT in his office here on Thursday.
Published 13 Apr, 2007 12:00am
No headway made in women development

No headway made in women development

Despite directive of the Standing Committee on Women Development to expedite utilisation of development funds, the Women Development Ministry so far has not made any headway.
Published 13 Apr, 2007 12:00am
PMAP seeks proposals on arrest of terrorism

PMAP seeks proposals on arrest of terrorism

Provincial president Pashtunkhwa Milli Awami Party (PMAP) Mukhtar Khan Yusufzai on Thursday called upon all nationalists, democratic political parties, intellectuals and civil societies to come up with proposals on how to get rid of terrorism spreading on
Published 13 Apr, 2007 12:00am
Afrasiab elected ANP NWFP president

Afrasiab elected ANP NWFP president

Renowned human rights activists Afrasiab Khan Khattak and Mian Iftikhar Hussain were respectively elected as provincial president and general secretary of the Awami National Party (ANP NWFP chapter here in the party elections on Thursday.
Published 13 Apr, 2007 12:00am
SHV Energy donates vehicle and goods

SHV Energy donates vehicle and goods

SHV Energy Pakistan Ltd, the suppliers of LPG super gas, have donated a vehicle and goods in kind to the JAQ Education Trust valuing Rs 1,000,000. The SHV Energy Pakistan has donated a Suzuki van to be used for the pick and drop of teachers and outings fo
Published 13 Apr, 2007 12:00am
Soomro and Wasim, condole with Justice Falak Sher

Soomro and Wasim, condole with Justice Falak Sher

Senate Chairman Mohammedmian Soomro has expressed his deep sense of grief and sorrow over the sad demise of the mother of Justice Falak Sher, judge Supreme Court of Pakistan.
Published 13 Apr, 2007 12:00am
CBR may withdraw double pay package

CBR may withdraw double pay package

The Central Board of Revenue (CBR) is likely to withdraw double pay package of more Grade 17 to 20 tax officials who have not fulfilled terms and conditions laid down in a 'CBR confidential circular'.
Published 13 Apr, 2007 12:00am
Fata development: donors briefed about financial requirement

Fata development: donors briefed about financial requirement

The Civil Secretariat FATA Thursday put before donor agencies worth Rs 124 billion 9-year Fata Sustainable Development Programme. The amount also includes Rs 27 billion to be provided by the federal government and secretariats itself from own resources wh
Published 13 Apr, 2007 12:00am
Taliban shave wedding singers' heads, moustaches

Taliban shave wedding singers' heads, moustaches

Taliban extremists shaved the heads and moustaches of a troupe of singers, then clashed with a marriage party and took six hostages, officials and witnesses said on Thursday. The extremists intercepted the musicians overnight near the conservative north-w
Published 13 Apr, 2007 12:00am
ECP vows to hold free and fair polls

ECP vows to hold free and fair polls

The Election Commission of Pakistan (ECP) will incorporate the reform proposals in the 'Code of Conduct' presented and endorsed by all the political parties.This will ensure maximum participation of women, youth and non-Muslims and the ECP wants to hold t
Published 13 Apr, 2007 12:00am
Emergency service centre of Ganga Ram Hospital inaugurated

Emergency service centre of Ganga Ram Hospital inaugurated

Punjab Chief Minister Chaudhry Pervaiz Elahi inaugurated centrally air-conditioned five-storey emergency service centre of Sir Ganga Ram Hospital here on Thursday. In order to expedite pace of development in health sector was spending billion of rupees, t
Published 13 Apr, 2007 12:00am
Steps being taken to eradicate Shisham dieback

Steps being taken to eradicate Shisham dieback

Forest department is encouraging the plantation of indigenous and traditional trees at state and private lands of the province and all necessary measures are being taken to eradicate Shisham dieback problem.
Published 13 Apr, 2007 12:00am
Reading habits help promote tolerance in society: minister

Reading habits help promote tolerance in society: minister

Auqaf Minister Sahibzada Saeed-ul-Hassan Shah has stressed on the promotion of book culture and reading habits is important for spreading enlightenment and tolerance in the society He was presiding over a high-level departmental meeting here on Thursday,
Published 13 Apr, 2007 12:00am
Seminar on modernity and Islam held

Seminar on modernity and Islam held

The issue of modernity and Islam is far more complex and complicated than it is dealt with various explanatory models. After 9/11, most of the conceptual explanatory schemes of the western academy had collapsed and now they have accepted this as a reality
Published 13 Apr, 2007 12:00am
Bahria Town and Siemens sign agreement

Bahria Town and Siemens sign agreement

Bahria Town (Pvt) Limited and Siemens have signed an agreement for construction and installation of two new 132/11 KV grid stations in Phase-8, Bahria Town Rawalpindi and Sector-C, Bahria Town Lahore at a cost of Rs 275 million each.
Published 13 Apr, 2007 12:00am
PSMA Punjab zone meeting today

PSMA Punjab zone meeting today

Pakistan Sugar Mills Association (PSMA) Punjab Zone is conducting a meeting on Friday (today) with Zonal Chairman Chaudhry Zaka Ashraf in the chair. According to PSMA spokesman.
Published 13 Apr, 2007 12:00am
UAE to invest $3.2 billion in Gwadar project

UAE to invest $3.2 billion in Gwadar project

UAE and Balochistan government entered into an agreement under which HRC Pakistan Ltd and Gwadar Coast Center Ltd will invest 3.2 billion dollars on setting up Oil and Gas service, supply, fabrication and maintenance base in Gwadar city, it was officially
Published 13 Apr, 2007 12:00am
PSIC distributes 500 CNG rickshaws so far

PSIC distributes 500 CNG rickshaws so far

Provincial Minister for Industries Muhammad Ajmal Cheema has said that Punjab Small Industries Corporation (PSIC) has distributed more than 500 CNG rickshaws among applicants so far and 4,500 more would be provided by the end of 2007.
Published 13 Apr, 2007 12:00am
Zakat on real estate?

Zakat on real estate?

The government is likely to approve a proposal, submitted by a special committee, to extend Zakat deduction to real estate assets so as to generate additional funds for poverty alleviation. A news report, quoting an official source, has said that the comm
Published 13 Apr, 2007 12:00am
Time to ensure inter-provincial harmony

Time to ensure inter-provincial harmony

As Federal Minister for Inter-Provincial Co-ordination Salim Saifullah Khan revealed at the press conference he addressed on Monday, that a number of long-awaited decisions on crucial national issues had been taken at a recent IPCC meeting.
Published 13 Apr, 2007 12:00am
French still love the village in service economy

French still love the village in service economy

With a church, a rooster and a few houses set in green rolling hills, Ussel is the kind of village that has typified rural France for hundreds of years and which stands for a way of life cherished by many French people. But scratch below the surface of th
Published 13 Apr, 2007 12:00am
Japanese nun looks back on life of love

Japanese nun looks back on life of love

When Jakucho Setouchi strolls through the streets of the ancient Japanese city of Kyoto, her shaved head and flowing robes marking her out as a Buddhist nun, high school girls cheerfully call her "Jakky" and fans trail in her wake.
Published 13 Apr, 2007 12:00am
Ban on use of plastic bags

Ban on use of plastic bags

The ban on the use of plastic bags is a very welcome decision. There can be no two opinions about the tremendous damage plastic bags have been doing to our environment and sewerage systems. However, as always, our authorities have once against got their p
Published 13 Apr, 2007 12:00am
Loadshedding

Loadshedding

In the gruelling heat of summer, I spend most of my time thinking of ways to punish those who're responsible for making our lives miserable by resorting to loadshedding but then, my inherent good nature makes me look at the bright side of things, also.
Published 13 Apr, 2007 12:00am
Ruet body meeting on April 18

Ruet body meeting on April 18

The meeting of Zonal Ruet-e-Hilal (Moon Sighting) Committee would be held at Habib Bank Plaza on Wednesday, April 18, 2007 (29 Rabi-ul-Awal) to witness the moon of Islamic month Rabi-ul-Sani, 1428 Hijri. The meeting would start at an hour before Maghrib p
Published 13 Apr, 2007 12:00am
Nigerian woman deported to Dubai

Nigerian woman deported to Dubai

The Federal Investigation Agency (FIA), Immigration, on Wednesday deported to Dubai a Nigerian national woman, travelling on fake Pakistani visa. Woman Nelly presented her passport No A- 3477416A at immigration clearance counter to Immigration Officer Sar
Published 13 Apr, 2007 12:00am
Sports at Punjab University College of Pharmacy

Sports at Punjab University College of Pharmacy

Professor Dr Muhammad Jamshaid, Dean and Principal, University College of Pharmacy inaugurated the sports festival in his department on Wednesday. The students took active part in the 'tug and war' competition. In the event, the students of foreign countr
Published 13 Apr, 2007 12:00am
Sindh sports minister praised

Sindh sports minister praised

The Secretary General, Pakistan Sportsmen Welfare Association and Pakistan Sports Writers Academy, Manzoor Ali Arif, while appreciating the arrangements made for the 30th National Games, has said that Sindh Sports Minister Qamar Mansoor has proved his wor
Published 13 Apr, 2007 12:00am
US MIDDAY: gold futures ease

US MIDDAY: gold futures ease

US gold futures eased early Thursday in quiet trade, ignoring higher oil and a weaker dollar, while technical-momentum buying lifted palladium contracts higher.
Published 13 Apr, 2007 12:00am
US MIDDAY: copper springs back

US MIDDAY: copper springs back

US copper futures shied away from a new 11-month high in early trade on Thursday as the market paused following a two-month rally that saw prices climb over 50 percent, traders said.
Published 13 Apr, 2007 12:00am
US MIDDAY: soyabeans sink

US MIDDAY: soyabeans sink

Soyabean futures at the Chicago Board of Trade continued to sink early on Thursday, pressured by technical sales, traders said. Sell-stops were triggered in May in the $7.40-$7.39-1/2 range. After that, selling accelerated with the weakness in corn weighi
Published 13 Apr, 2007 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Corn futures at the Chicago Board of Trade dropped 2 percent early on Thursday on outlooks for improved corn seeding weather in the US Midwest, traders said. At 10:03 am CDT (1503 GMT), CBOT corn was down 3 to 7-1/2 cents per bushel, with May down 7 at $3
Published 13 Apr, 2007 12:00am
US MIDDAY: wheat declines

US MIDDAY: wheat declines

Wheat futures on the Chicago Board of Trade fell to the day's lows at midsession on Thursday, pressured by spillover from steep declines in corn futures, traders said. At the Minneapolis Grain Exchange, funds had sold about 1,000 spring wheat contracts, a
Published 13 Apr, 2007 12:00am
Palladium and platinum rally to fresh highs

Palladium and platinum rally to fresh highs

Palladium climbed to a new 11-month peak on Thursday and platinum touched its highest in nearly five months, buoyed by technical buying and positive momentum in the market.
Published 13 Apr, 2007 12:00am
Copper retreats

Copper retreats

Signs of strong demand and dwindling stockpiles plus worries about possible supply disruptions in Chile carried copper prices to a fresh seven-month high on Thursday, analysts said. But later in the session when it was known that production in Chile had n
Published 13 Apr, 2007 12:00am
Sugar near 5-1/2 week high

Sugar near 5-1/2 week high

London white sugar futures closed near a 5-1/2-week peak on Thursday, boosted by structural trades before the expiry of the front-month contract on Friday.
Published 13 Apr, 2007 12:00am
New York cotton closes at four-month low

New York cotton closes at four-month low

Cotton futures sagged from switch trade and speculative sales to end on Thursday at a four-month trough and the market could see further pressure from switch trade in the days ahead, brokers said. The New York Board of Trade's May cotton contract fell 0.7
Published 13 Apr, 2007 12:00am
Malaysian shares end flat

Malaysian shares end flat

Malaysian share prices closed flat on Thursday with gains in late trade off-setting profit-taking on fresh worries over inflation in the United States, dealers said. Plantation stocks continued to rally on high crude palm oil prices.
Published 13 Apr, 2007 12:00am
Probe of lucrative US student loan industry widens

Probe of lucrative US student loan industry widens

A probe into the US student loan industry has resulted in an out-of-court settlement with a major lender, but more questions of kickbacks and "conflicts of interest" are being probed, officials said.
Published 13 Apr, 2007 12:00am
New Zealand shares up

New Zealand shares up

New Zealand share prices closed 0.50 percent higher on Thursday following a sharp rise in market leader Telecom, dealers said. The benchmark NZX-50 gross index rose 20.74 points to 4,168.10 on turnover worth 149.0 million dollars (108.3 million US).
Published 13 Apr, 2007 12:00am
Jakarta stocks little changed

Jakarta stocks little changed

Indonesian share prices edged down 0.03 percent on Thursday, as late gains offset initial profit taking, dealers said. The Jakarta Stock Exchange composite index closed down 0.647 points at 1,930.397 on volume of 3.21 billion shares worth 3.36 trillion ru
Published 13 Apr, 2007 12:00am
Thai shares slump

Thai shares slump

Thai share prices closed 0.38 percent lower on Thursday as investors locked in profits ahead of the upcoming five-day Buddhist New Year holiday, dealers said. They said sentiment was downbeat due to a mixed regional market and a lack of fresh leads. Thail
Published 13 Apr, 2007 12:00am
Hong Kong stocks dip

Hong Kong stocks dip

Hong Kong stocks fell on Thursday, tracking a softer tone in regional markets as investors locked in short-term profits on fears of rate hikes in the US. Brokers said investors were taking the rate hike fear as an excuse to sell down blue chips but demand
Published 13 Apr, 2007 12:00am
Wall Street slides on Fed minutes

Wall Street slides on Fed minutes

US stocks tumbled on Wednesday as minutes from last month's Federal Reserve meeting hinted at the need for more rate hikes, adding to worries about surging gasoline prices and the weak housing market.
Published 13 Apr, 2007 12:00am
US Treasury prices finish lower

US Treasury prices finish lower

US government bond prices shaved modest gains and turned lower on Wednesday after minutes from the Federal Reserve's March policy meeting asserted that more monetary tightening might be needed.
Published 13 Apr, 2007 12:00am
US Treasury prices finish lower

US Treasury prices finish lower

US government bond prices shaved modest gains and turned lower on Wednesday after minutes from the Federal Reserve's March policy meeting asserted that more monetary tightening might be needed.
Published 13 Apr, 2007 12:00am
Indian shares drop

Indian shares drop

Indian share prices closed 0.53 percent lower on Thursday as investors continued to unwind positions ahead of the earnings season which kicks off this week, dealers said. They said investors were nervous ahead of earnings due Friday by India's second larg
Published 13 Apr, 2007 12:00am
Philippines stocks decline

Philippines stocks decline

Philippines share prices closed 2.15 percent lower on Thursday as Wall Street's losses overnight prompted investors to cash in on recent gains, dealers said. The composite index lost 70.99 points to 3,223.22 after moving between 3,217.72 and 3,294.14. The
Published 13 Apr, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 68.80/68.80 (previous 68.80/68.80). Call Money Rates: 6.75-10.00 percent (previous 6.75-10.00 percent).
Published 13 Apr, 2007 12:00am