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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-04-26
Dollar slumps

Dollar slumps

The dollar fell on Tuesday to a two-year low against a basket of major currencies after soft data on housing and consumer confidence underscored a trend of slowing US economic growth. Reports on existing-home sales and consumer sentiment both came in lowe
Published 26 Apr, 2007 12:00am
Taiwan dollar weakens a touch

Taiwan dollar weakens a touch

The Taiwan dollar weakened a tad on Wednesday on selling in the non-deliverable forwards market, although suspected heavy central bank intervention softened the fall. The Taiwan dollar closed at T$33.192 against Tuesday's close of T$33.183 to the US dolla
Published 26 Apr, 2007 12:00am
Indian rupee on a bull run

Indian rupee on a bull run

The Indian rupee continued its bull run on Wednesday, hitting a fresh nine-year high on expectations of strong capital inflows and the view that the central bank would not intervene to cap its gains.
Published 26 Apr, 2007 12:00am
Hong Kong dollar ends lower

Hong Kong dollar ends lower

The Hong Kong dollar weakened on Wednesday due to arbitrage trade and as money from initial public offerings was converted to US dollars for repatriation to mainland China, traders said. The Hong Kong dollar was trading at 7.8174/75 to the US dollar late
Published 26 Apr, 2007 12:00am
England World Cup winner Ball dies

England World Cup winner Ball dies

Alan Ball, the youngest member of England's 1966 World Cup-winning side, has died of a suspected heart attack at the age of 61. Hampshire police confirmed on Wednesday that Ball was pronounced dead in the garden of his home after apparently suffering a he
Published 26 Apr, 2007 12:00am
Nadal extends winning streak

Nadal extends winning streak

A ruthless Rafael Nadal extended his winning streak on clay to 68 matches on Wednesday as he opened his bid for a third successive Barcelona Open title with a 6-1 6-2 demolition of Belgian Kristof Vliegen.
Published 26 Apr, 2007 12:00am
Stephen Fleming quits as one-day skipper

Stephen Fleming quits as one-day skipper

Stephen Fleming quit as New Zealand's one-day captain on Tuesday after his side's crushing World Cup semi-final defeat by Sri Lanka. Fleming, 34, has led the side for 10 years and wants to stays as test captain and continue playing limited over internatio
Published 26 Apr, 2007 12:00am
Pak-Bahrain football match on May 16

Pak-Bahrain football match on May 16

The seventh clash in soccer arena between Pakistan and Bahrain will take place on Wednesday, 16th May 2007. The second leg of Group-A in the 29th Olympic Games qualifier (second round) will be played at Lahore's Punjab Stadium - 24 hours before the inaugu
Published 26 Apr, 2007 12:00am
Sri Lankan president to attend final

Sri Lankan president to attend final

Sri Lankan President Mahinda Rajapakse will fly to Barbados to cheer the national team in the cricket World Cup final later this week, a senior aide said on Wednesday. "It is almost certain that the president will leave on Thursday at the invitation of th
Published 26 Apr, 2007 12:00am
Centurion Jayawardene gives credit to bowlers

Centurion Jayawardene gives credit to bowlers

Sri Lankan captain Mahela Jayawardene scored a match-winning century but handed the credit to his bowling attack after Tuesday's 81-run victory over New Zealand in their World Cup semi-final.
Published 26 Apr, 2007 12:00am
Thousands honour Anzac veterans

Thousands honour Anzac veterans

Thousands of people in Australia and New Zealand held services Wednesday to honour their war veterans on a national holiday, including a march to remember oft-forgotten black soldiers who served.
Published 26 Apr, 2007 12:00am
April bloodiest month for UK troops in Iraq since 2003

April bloodiest month for UK troops in Iraq since 2003

British troops in Iraq passed a bloody milestone this week with the killing of soldier Alan Joseph Jones, 20, a gunner on a Warrior fighting vehicle, who was shot dead by gunmen in the southern city of Basra.
Published 26 Apr, 2007 12:00am
Restrictions on Hasina and Khaleda lifted

Restrictions on Hasina and Khaleda lifted

Bangladesh's emergency government on Wednesday said it had lifted restrictions on two former prime ministers whom it had been trying to exile. In a U-turn, the government said it would drop a ban on Sheikh Hasina Wajed returning to the country and stated
Published 26 Apr, 2007 12:00am
Baghdad turns against US security walls

Baghdad turns against US security walls

Iraqi opinion hardened on Wednesday against a US plan to wall in a Baghdad district, with more street protests and Prime Minister Nuri al-Maliki making clear his opposition to the project.
Published 26 Apr, 2007 12:00am
Earth-like planet discovered

Earth-like planet discovered

British bookmakers wasted no time slashing the odds on aliens being discovered after astronomers announced Wednesday that they had discovered an Earth-like planet. William Hill cut the odds on proving the existence of extra-terrestrial life from 1,000-1 t
Published 26 Apr, 2007 12:00am
China needs help managing resources properly: WWF

China needs help managing resources properly: WWF

China must work more closely with the rest of the world to ensure its global hunt for resources to feed its ravenous economy does not wreck communities and ecosystems, conservation group WWF said on Wednesday.
Published 26 Apr, 2007 12:00am
Israel opts for limited response to Hamas attacks

Israel opts for limited response to Hamas attacks

Israeli Prime Minister Ehud Olmert opted on Wednesday for limited military action in Gaza after Hamas's armed wing fired rockets into Israel and declared a ceasefire in the territory dead, political sources said.
Published 26 Apr, 2007 12:00am
US to press Russia again over missile shield

US to press Russia again over missile shield

The United States will make a new pitch to Russia at Nato talks in Oslo on Thursday over its planned missile defence shield in Eastern Europe, but diplomats doubt there will be any movement from Moscow soon.
Published 26 Apr, 2007 12:00am
Pomp and artillery as Russia buries Yeltsin

Pomp and artillery as Russia buries Yeltsin

Boris Yeltsin's sobbing widow stooped over his open coffin to kiss his face on Wednesday before the first president of independent Russia was lowered into the ground to the boom of a six-gun salute.
Published 26 Apr, 2007 12:00am
Sri Lankan troops kill 21 Tigers

Sri Lankan troops kill 21 Tigers

Sri Lanka's military said troops killed 21 Tamil Tiger rebels in gunbattles and mortar barrages in the north of the island on Wednesday, citing intercepts of rebel radio communications.
Published 26 Apr, 2007 12:00am
North Korea celebrates 75th birthday of army

North Korea celebrates 75th birthday of army

North Korea celebrated with a grand parade on Wednesday the 75th birthday of its "invincible" army, which experts say is capable of dealing a quick and devastating blow, but is hollow at the core.
Published 26 Apr, 2007 12:00am
Sterling steadies

Sterling steadies

Sterling held firm versus the dollar and the euro on Wednesday as slightly better than expected British economic growth data confirmed expectations of a Bank of England interest rate hike next month. Gross domestic product rose 0.7 percent on the quarter,
Published 26 Apr, 2007 12:00am
Euro closes in on record high

Euro closes in on record high

The euro rose to fresh two-year peaks versus the dollar on Wednesday and within reach of its record high against the greenback after a strong German business sentiment index bolstered bullish eurozone interest rate expectations.
Published 26 Apr, 2007 12:00am
Bonds: Cognis hit by refinancing; Sainsbury stays wider

Bonds: Cognis hit by refinancing; Sainsbury stays wider

A major debt refinancing for Germany's Cognis pushed the cost of insurance against default on the chemicals company higher on Wednesday, despite a rating affirmation by Standard & Poor's.
Published 26 Apr, 2007 12:00am
Bonds: Cognis hit by refinancing; Sainsbury stays wider

Bonds: Cognis hit by refinancing; Sainsbury stays wider

A major debt refinancing for Germany's Cognis pushed the cost of insurance against default on the chemicals company higher on Wednesday, despite a rating affirmation by Standard & Poor's.
Published 26 Apr, 2007 12:00am
Seoul shares slide

Seoul shares slide

Seoul shares fell on Wednesday from a record following disappointing earnings results, including from KTF, while exporters fell as weak US economic data cast doubt about the outlook for South Korea's no.2 export market.
Published 26 Apr, 2007 12:00am
UK's top share index rises

UK's top share index rises

Britain's top share index ended up 0.5 percent on Wednesday as banks gained after a consortium led by Royal Bank of Scotland made a counterbid for ABN Amro and Sainsbury jumped on bid talk. The FTSE 100 closed 32.4 points higher at 6,461.9. European share
Published 26 Apr, 2007 12:00am
London sugar moves up

London sugar moves up

London white sugar futures closed above a new 17-month low after a volatile session dominated by speculative and fund selling on Wednesday on continuing worries over a global supply glut. August settled up $1.10 to $301.50 a tonne after trading from $302.
Published 26 Apr, 2007 12:00am
Lead market raises its sights

Lead market raises its sights

World lead prices, propelled to record highs by supply worries and fund buying, may rise further given the limited scope for consumers to use other materials and continuing constraints on production, analysts say. "We could see peak values of $3,000-3,500
Published 26 Apr, 2007 12:00am
Oil climbs as US gasoline stocks fall again

Oil climbs as US gasoline stocks fall again

Oil rose more than a dollar to above $68 a barrel on Wednesday after US gasoline stocks fell for an 11th straight week, tightening supplies ahead of peak summer demand in the world's top consumer. London Brent crude, for now seen as a more accurate reflec
Published 26 Apr, 2007 12:00am
Chinese farm trade deficit seen halving

Chinese farm trade deficit seen halving

China's trade deficit in farm products is likely to halve this year from 2006, helped by rising competitiveness of the country's agricultural products, the China Daily said on Wednesday. China's farm trade deficit may drop to $300-400 million from $960 mi
Published 26 Apr, 2007 12:00am
New York cotton settles a touch higher

New York cotton settles a touch higher

Cotton futures finished higher Wednesday on modest speculative short-covering as the market quietly recovered after dropping to a five-month low in the previous session, brokers said. The New York Board of Trade's open-outcry July cotton contract rose 0.5
Published 26 Apr, 2007 12:00am
Vietnam's coffee sale up 58 percent

Vietnam's coffee sale up 58 percent

Vietnam's coffee exports in the first seven months of the current crop year would jump 58 percent compared with a year earlier to 14.67 million bags, the government said on Wednesday.
Published 26 Apr, 2007 12:00am
US MIDDAY: copper steadies

US MIDDAY: copper steadies

Copper steadied on Wednesday after slipping almost 2.5 percent in the previous session, with prices underpinned by possible supply disruption in Peru. Copper for delivery in three months on the London Metal Exchange closed at $7,850 a tonne against $7,820
Published 26 Apr, 2007 12:00am
European gold softens

European gold softens

Gold prices softened on Wednesday, but got support from a weaker dollar and higher crude oil prices after gasoline stocks fell in the United States. Spot gold was slightly lower at $683.25/683.75 an ounce at 1600 GMT compared with $684.10/684.60 late in N
Published 26 Apr, 2007 12:00am
US MIDDAY: wheat locks limit-up

US MIDDAY: wheat locks limit-up

Wheat futures at the Chicago Board of Trade rose the 30-cent daily trading limit by midday on Wednesday as concerns about dry weather in Europe and a surge in corn futures ignited speculative buying, traders said. "We're hitting massive buy-stops," one tr
Published 26 Apr, 2007 12:00am
US MIDDAY: corn soars

US MIDDAY: corn soars

Corn futures at the Chicago Board of Trade soared 4 percent early on Wednesday as wet weather in the US Midwest continued to slow corn plantings leading to concerns about declines in 2007 production, traders said.
Published 26 Apr, 2007 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Soyabean futures at the Chicago Board of Trade rose early on Wednesday on a technical bounce, supported by strength in corn, traders said. Corn was sharply higher, nearly hitting the 20-cent trading limit, as worries that rain in the US Midwest this week
Published 26 Apr, 2007 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

New York copper futures ended up just over 1 percent on Wednesday after a drop in London copper inventories and threat of a looming strike in Peru spurred investors back into the market.
Published 26 Apr, 2007 12:00am
US MIDDAY: gold marginally up

US MIDDAY: gold marginally up

Bargain hunters and a weakened dollar drove gold futures slightly higher early on Wednesday, after they fell in the two previous sessions, and the precious metal was seen set to retest levels above $690 an ounce, traders said.
Published 26 Apr, 2007 12:00am
Confucius resurfaces in new China

Confucius resurfaces in new China

The ancient teachings of Confucius, centring on peace and social harmony, are finding a new resonance amid the chaos and rapid development of modern China. Once suppressed by Maoist China, the Confucian revival is being welcomed by the communist governmen
Published 26 Apr, 2007 12:00am
Partly Facetious: Judicial activism is the way to go

Partly Facetious: Judicial activism is the way to go

"Can't understand why Musharraf is being so understanding with the Maulvi Brothers of Islamabad considering that the entire country is up in arms against them. I mean these large spontaneous protests in all our major cities..."
Published 26 Apr, 2007 12:00am
'Visit Pakistan Year' going on successfully: Nilofar

'Visit Pakistan Year' going on successfully: Nilofar

Federal Minister for Tourism, Nilofar Bakhtiar has said the "Visit Pakistan Year" is going on successfully and the government has focused on three tourism sectors on priority basis, including adventure tourism, cultural tourism and religious and spiritual
Published 26 Apr, 2007 12:00am
Action plan on card for industrial growth

Action plan on card for industrial growth

Minister for Science and Technology Chaudhry Nouraiz Shakoor Khan Wednesday said a national action plan will be prepared during Medium Term Development Framework (MTDF) period (2005-10) for rapid industrial growth through industrial technology development
Published 26 Apr, 2007 12:00am
220MW power plant in Korangi by next year

220MW power plant in Korangi by next year

Karachi Electric Supply Corporation (KESC) spokesman Syed Sultan Hassan on Wednesday said that KESC had started work on 220MW power plant project in Korangi, which would be completed next year. Talking to PTV, he said it was expected that it would produce
Published 26 Apr, 2007 12:00am
Low growth of BoK due to political meddling

Low growth of BoK due to political meddling

The newly formed Bank of Khyber Officer's Association (Bokova) has attributed the low growth of the Bank of Khyber (BoK) to massive political and provincial government's meddling in the affairs of the bank.
Published 26 Apr, 2007 12:00am
Overdue annual general meeting

Overdue annual general meeting

As a shareholder of M/s Callmate Tullips Telecom Limited ("the Company"), I was entitled to receive the notice of Annual General Meeting (AGM) along with Annual Accounts for the year ended June 30, 2006, on or before 10.10.2006, as per Section 50, 158 and
Published 26 Apr, 2007 12:00am
Road safety measures

Road safety measures

After NH and MP took the responsibility on highways, the accident rate has dropped by 70% and crime rate declined to near zero in the area of their jurisdiction. Moreover, millions of commuters have been provided help in distress during their travel.
Published 26 Apr, 2007 12:00am
Singapore's rich splash out with a vengeance

Singapore's rich splash out with a vengeance

Celebrity-chef dinners, huge pay hikes, and hot properties with a garage for the Ferrari and a berth for the yacht...some people in Singapore are living it up. The world's top banks have set up in the city-state, bringing plenty of rich clients in their w
Published 26 Apr, 2007 12:00am
Transfer pricing: maintaining it at an arm's length-II

Transfer pricing: maintaining it at an arm's length-II

One of the most significant features of the Ordinance remains the self-submission basis of assessment, whereby the complete return of income filed by the taxpayer with the taxation authorities shall, for all practical purposes, constitute an assessment or
Published 26 Apr, 2007 12:00am
Time to end sugar front uncertainties

Time to end sugar front uncertainties

According to a Recorder Report from Islamabad, the Pakistan Sugar Mills Association (PSMA) has informed the authorities in writing that the crushing season 2006-07 has ended with sugar output of 3.520 million tons, compared to 2.650 million tons la
Published 26 Apr, 2007 12:00am
Upping the ante

Upping the ante

As could have been expected, the lawyers' movement for unconditional withdrawal of the presidential reference against Chief Justice Iftikhar Muhammad Chaudhry, is gaining momentum and the temperature is heating up.
Published 26 Apr, 2007 12:00am
Ufone's GSM roaming partners increase to 192

Ufone's GSM roaming partners increase to 192

Ufone, in a bid to facilitate its customers, has added Cable & Wireless Isle of Man to its list of GSM and GPRS roaming partners. With this move the number of Ufone's GSM roaming partners has increased to 192 and destinations to 117 whereas the number of
Published 26 Apr, 2007 12:00am
NetSol signs follow-on contract with Chinese firm

NetSol signs follow-on contract with Chinese firm

NetSol Technologies Ltd, on Wednesday announced singing of a follow-on contract valued at more than $1.0 million with the automotive finance division of one of the largest Japanese automakers. Its Asia Pacific Division signed the contract.
Published 26 Apr, 2007 12:00am
Excise inspector beats up textile mill's security staff

Excise inspector beats up textile mill's security staff

An Excise and Taxation (E&T) inspector along with some armed policemen attacked the Adil Textile Mills Limited and injured the security in-charge and other workers. The mill is situated at Faisalabad Road, near District Sheikhupura.
Published 26 Apr, 2007 12:00am
IT exhibition concludes

IT exhibition concludes

Industrial Information Network (IIN), which was developed by the Small and Medium Enterprise Development Authority (Smeda) in collaboration with the Ministry of Science and Technology, drew much attention of local business community at the 8th Pakistan In
Published 26 Apr, 2007 12:00am
Rs 5 billion being spent to replace rusty pipelines

Rs 5 billion being spent to replace rusty pipelines

Punjab Chief Minister's Inspection Team, Colonel Shuja Khanzada (Retd) has said that rusty pipelines of drinking water and sewerage are being replaced with a cost of Rs 5 billion while another amount of Rs 11 billion have been allocated for second phase o
Published 26 Apr, 2007 12:00am
Unemployment rate in Punjab falls to 5.26 percent

Unemployment rate in Punjab falls to 5.26 percent

Punjab Finance Minister Sardar Hasnain Dreshek has said that over 3 million new jobs have been created during the last five years and the unemployment rate in the province has fallen from 8.51 percent in year 2001-02 to 5.26 percent in year 2005-06, the f
Published 26 Apr, 2007 12:00am
China-Kashgar Export Commodities Fair in October

China-Kashgar Export Commodities Fair in October

A four-day China-Kashgar Export Commodities Fair would be held in Lahore in the end of October, while the same fair would be held in Kashgar from June 28 to July 2. The Chinese and the Punjab governments have decided to provide free stalls to all the exhi
Published 26 Apr, 2007 12:00am
Pervez Securities provisional trading begins

Pervez Securities provisional trading begins

Provisional trading in the shares of Pervez Securities Ltd has commenced on Lahore Stock Exchange (LSE) on Wednesday, in accordance with Regulations for Futures Trading in the Provisionally Listed Companies (FTPLC).
Published 26 Apr, 2007 12:00am
Pervez Securities provisional trading begins

Pervez Securities provisional trading begins

Provisional trading in the shares of Pervez Securities Ltd has commenced on Lahore Stock Exchange (LSE) on Wednesday, in accordance with Regulations for Futures Trading in the Provisionally Listed Companies (FTPLC).
Published 26 Apr, 2007 12:00am
Japanese automotive expert visits Smeda

Japanese automotive expert visits Smeda

Japan International Cooperation Agency (JICA) has placed another Japanese automotive expert Kiyoshi Yoshida at the Small and Medium Enterprise Development Authority (Smeda) Lahore, under Smeda-JICA Industry Support Program.
Published 26 Apr, 2007 12:00am
Punjab allocates Rs 42 billion for wheat buying

Punjab allocates Rs 42 billion for wheat buying

The Punjab government has allocated Rs 42 billion for the purchase of wheat during the current procurement drive in the province. Provincial Food Secretary Squadron Leader Ahmad Yar Khan (retd) told APP here on Wednesday that Rs 36.5 billion had already r
Published 26 Apr, 2007 12:00am
Motorola wins Queen's Award

Motorola wins Queen's Award

Motorola on Wednesday announced that pioneering work, carried out by its point-to-point wireless solutions group, has been recognised with a Queen's Award for Enterprise. Motorola won the award for its innovative wireless broadband solutions.
Published 26 Apr, 2007 12:00am
K-IV water project in doldrums

K-IV water project in doldrums

Karachi Water and Sewerage Board (KW&SB)'s proposed K-IV 150-mgd water project is in jeopardy as Indus River System Authority (Irsa) has refused to allocate additional 1,200 cusecs water to it, leaving the much needed water project in doldrums, well-place
Published 26 Apr, 2007 12:00am
Pak Suzuki earns Rs 741.119 million profit

Pak Suzuki earns Rs 741.119 million profit

Pak Suzuki Motor Company Limited has earned Rs 741.119 million as net profit translating an earning per share of Rs 13.71 in the first quarter of 2007 as compared to Rs 730.489m as PAT and Rs 13.62 EPS in the same period last year.
Published 26 Apr, 2007 12:00am
Pak Suzuki earns Rs 741.119 million profit

Pak Suzuki earns Rs 741.119 million profit

Pak Suzuki Motor Company Limited has earned Rs 741.119 million as net profit translating an earning per share of Rs 13.71 in the first quarter of 2007 as compared to Rs 730.489m as PAT and Rs 13.62 EPS in the same period last year.
Published 26 Apr, 2007 12:00am
APNS views Pemra's overriding authority as serious

APNS views Pemra's overriding authority as serious

The APNS notes with concern the notice issued by Pemra to a television channel owned by the establishment of an APNS member publication, and is firmly of the view this constitutes a major infringement of constitutionally - guaranteed press freedoms by thi
Published 26 Apr, 2007 12:00am
LTU budget proposals: call to simplify laws to improve tax-to-GDP ratio

LTU budget proposals: call to simplify laws to improve tax-to-GDP ratio

In order to increase tax-to-GDP ratio it is imperative to simplify tax laws and minimise tax exemptions. The Large Taxpayers Unit (LTU), in its proposals for the budget 2007-08, suggested that the Central Board of Revenue (CBR) should take measures to imp
Published 26 Apr, 2007 12:00am
LTU budget proposals: call to simplify laws to improve tax-to-GDP ratio

LTU budget proposals: call to simplify laws to improve tax-to-GDP ratio

In order to increase tax-to-GDP ratio it is imperative to simplify tax laws and minimise tax exemptions. The Large Taxpayers Unit (LTU), in its proposals for the budget 2007-08, suggested that the Central Board of Revenue (CBR) should take measures to imp
Published 26 Apr, 2007 12:00am
CBR urged to abolish mobile phone activation tax

CBR urged to abolish mobile phone activation tax

The cellular operators have urged the Central Board of Revenue (CBR) to withdraw the 'activation tax' currently being levied at the rate of Rs 500 per mobile subscription.
Published 26 Apr, 2007 12:00am
Sindh gets Rs 17 billion for livestock and fisheries

Sindh gets Rs 17 billion for livestock and fisheries

Advisor to Sindh Chief Minister for Livestock and Fisheries Faqir Muhammad Jadam Mangrio has said that the federal government has granted Rs 17 billion for the development of livestock and fisheries sector in the province.
Published 26 Apr, 2007 12:00am
IBP workshop on SBP reporting today

IBP workshop on SBP reporting today

The Institute of Bankers Pakistan (IBP) is holding a workshop on SBP reporting: minimum capital requirement for implementation of Basel-II on Thursday. Lubna Farooq Malik, director, and banking surveillance department, SBP, would conduct the workshop, whi
Published 26 Apr, 2007 12:00am
SBP to ensure all banks accept utility bills payment

SBP to ensure all banks accept utility bills payment

The State Bank of Pakistan (SBP) would ensure that all banks accept payment of utility bills. This assurance was given by Syed Ishtiaq Ali, Chief Manager, SBP-BSC (Bank) at the Local Credit Advisory Committee meeting held here under his chairmanship recen
Published 26 Apr, 2007 12:00am
PPL posts Rs 4.65 billion after tax profit

PPL posts Rs 4.65 billion after tax profit

Pakistan Petroleum Limited (PPL) has posted after tax profit of Rs 4655.464 million translating an earning per share of Rs 6.79 in the quarter ended on March 31, 2007 as compared to Rs 3810.184 million PAT and an EPS of Rs 5.55 in the same period last yea
Published 26 Apr, 2007 12:00am
PPL posts Rs 4.65 billion after tax profit

PPL posts Rs 4.65 billion after tax profit

Pakistan Petroleum Limited (PPL) has posted after tax profit of Rs 4655.464 million translating an earning per share of Rs 6.79 in the quarter ended on March 31, 2007 as compared to Rs 3810.184 million PAT and an EPS of Rs 5.55 in the same period last yea
Published 26 Apr, 2007 12:00am
Sabir Chippa made Senior Vice Chairman, FPCCI

Sabir Chippa made Senior Vice Chairman, FPCCI

Tanvir Ahmed Sheikh, President, FPCCI has nominated Mr Mohammad Sabir Chippa as Senior Vice Chairman, FPCCI standing Committee on Customs & Customs Dry Ports.
Published 26 Apr, 2007 12:00am
Professor Naeem elected as TSA president

Professor Naeem elected as TSA president

Assistant professor, Department of Mathematics, Islamia College (ICP), Peshawar University Professor Muhammad Naeem has been elected unopposed as a president of ICP Teaching Staff Association.
Published 26 Apr, 2007 12:00am
CBR issues charge sheets to officials

CBR issues charge sheets to officials

The Central Board of Revenue (CBR) has finally issued charge sheets to the customs and excise officials allegedly involved in illegal payment of excise duty refund to the pay phone companies.
Published 26 Apr, 2007 12:00am
Trade with China to treble in five years

Trade with China to treble in five years

Pakistan's trade with China is to treble in the next five years, from five billion rupees to 15 billion rupees, as part of the consolidation of the 'time-tested, all-weather relationship with China.
Published 26 Apr, 2007 12:00am
SECP elected executive body member of CRF

SECP elected executive body member of CRF

The Securities and Exchange Commission of Pakistan (SECP) has been elected as member of the Executive Committee of Corporate Registers Forum (CRF), a global association for administration of corporate and securities registers.
Published 26 Apr, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (April 25, 2007) and the forecast for Thursday (April 26, 2007).
Published 26 Apr, 2007 12:00am
NWFP envisages reforms in local government system

NWFP envisages reforms in local government system

The MMA government in NWFP is seriously considering a new reforms proposal to improve the local government system. The objective of the change is to bring it according to the public aspiration. The recommendations in this regard are also being scrutinised
Published 26 Apr, 2007 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 26 Apr, 2007 12:00am
SBP allows Rs 5 million loans for remodelling ginning machines

SBP allows Rs 5 million loans for remodelling ginning machines

The State Bank of Pakistan has allowed loans up to Rs 5 million to cotton ginners for remodelling and updating their ginning machines, sources told Business Recorder. According to sources, the cotton ginning system is far behind the internationally
Published 26 Apr, 2007 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 26 Apr, 2007 12:00am
NWFP governor launches primary health project

NWFP governor launches primary health project

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (retd) formally launched the Primary Health Care Revitalisation, Integration and Decentralisation Project; a most modern approach to strengthen existing healthcare system in Mansehra on Tuesday.
Published 26 Apr, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 25, 2007).

Published 26 Apr, 2007 12:00am
Kuwaiti-Saudi group to invest in various sectors

Kuwaiti-Saudi group to invest in various sectors

A Kuwaiti-Saudi Group Midroc Tussonia (Pvt) Limited has initiated to invest $1.5 billion to $2.5 billion in power, oil & gas and real estate sectors over a period of next five to seven years.
Published 26 Apr, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 25, 2007).

Published 26 Apr, 2007 12:00am
Mobile phone sector shows 5.2 percent growth in March

Mobile phone sector shows 5.2 percent growth in March

The mobile phone sector has registered 5.2 percent growth in March against the previous month with cellular density jumping to 35.79 percent and the subscribers base to 55.61 million.
Published 26 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 26 Apr, 2007 12:00am
Prime Minister's visit to China termed big success

Prime Minister's visit to China termed big success

Prime Minister Shaukat Aziz's recent visit of China would have far reaching impact on trade and economy related activities in the region besides boosting mutual cordial relations between the two countries, said Murtaza Hashwani, Chief Executive Officer (C
Published 26 Apr, 2007 12:00am
New housing colony to be set up near Sialkot

New housing colony to be set up near Sialkot

Punjab government has released a special fund of Rs 200 million for development of a modern housing colony spreading over 200 acres land near Sialkot. Official sources told Business Recorder here on Wednesday that the step has been taken to provide
Published 26 Apr, 2007 12:00am
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