News Archives for Print - 2007-05-08

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Rs 17 billion approved to construct Surab-Hoshab road

The National Highway Authority (NHA) executive board on Monday approved award of contract for construction of 454-km Surab-Hoshab road costing Rs 17 billion. The board met under Chairman NHA, Major General Imtiaz Ahmed here says a press release.

Published 08 May, 2007 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

ISE index loses 175.23 points

Technical correction moved the entire ready-board in downward direction under the lead of hot favourite where selling-pressure intensified following different reports of foreign selling, CFS rules and judicial crisis amid decrease in index.

Published 08 May, 2007 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

ISE index loses 175.23 points

Technical correction moved the entire ready-board in downward direction under the lead of hot favourite where selling-pressure intensified following different reports of foreign selling, CFS rules and judicial crisis amid decrease in index.

Published 08 May, 2007 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

LSE index sheds 188.5 points

Prime Minister Shaukat Aziz's statement regarding imposition of emergency in the country sent shock waves in the share market and it suddenly plunged 188.50 points at 4.06 percent. The LSE-25 index ended at 4,444.87 points as against 4,633.37 of the prece

Published 08 May, 2007 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

LSE index sheds 188.5 points

Prime Minister Shaukat Aziz's statement regarding imposition of emergency in the country sent shock waves in the share market and it suddenly plunged 188.50 points at 4.06 percent. The LSE-25 index ended at 4,444.87 points as against 4,633.37 of the prece

Published 08 May, 2007 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Rahim confirms US probe: Naseem innocent, he says

The former head of Faisal Bank (Investment Banking Group), Ejaz Rahim has confirmed to Business Recorder that he is under probe by the Securities Exchange Commission (SEC) of USA for having linkage with a junior investment banker at Credit Suisse i

Published 08 May, 2007 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Rahim confirms US probe: Naseem innocent, he says

The former head of Faisal Bank (Investment Banking Group), Ejaz Rahim has confirmed to Business Recorder that he is under probe by the Securities Exchange Commission (SEC) of USA for having linkage with a junior investment banker at Credit Suisse i

Published 08 May, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Rahim confirms US probe: Naseem innocent, he says

The former head of Faisal Bank (Investment Banking Group), Ejaz Rahim has confirmed to Business Recorder that he is under probe by the Securities Exchange Commission (SEC) of USA for having linkage with a junior investment banker at Credit Suisse i

Published 08 May, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Rahim confirms US probe: Naseem innocent, he says

The former head of Faisal Bank (Investment Banking Group), Ejaz Rahim has confirmed to Business Recorder that he is under probe by the Securities Exchange Commission (SEC) of USA for having linkage with a junior investment banker at Credit Suisse i

Published 08 May, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

BRIndex30 slips to 525.88 points

On Monday, BRIndex30 opened at 13,736.90 in the red zone and remained there for the whole trading time with a downward gap of 72.97 points. It closed at 13,283.98 with a net negative change of -525.88 points and percentage change of -3.81. It recorded int

Published 08 May, 2007 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

BRIndex30 slips to 525.88 points

On Monday, BRIndex30 opened at 13,736.90 in the red zone and remained there for the whole trading time with a downward gap of 72.97 points. It closed at 13,283.98 with a net negative change of -525.88 points and percentage change of -3.81. It recorded int

Published 08 May, 2007 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Stock market plunges 432.33 points in one go

The KSE-100 index after witnessing panic selling at over-inflated share price level breached through five important barriers in reverse gear ie 12,500, 12,400, 12,300, 12,200 and 12,100 respectively in a singly session and finally closed at 12,079.75 poin

Published 08 May, 2007 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Stock market plunges 432.33 points in one go

The KSE-100 index after witnessing panic selling at over-inflated share price level breached through five important barriers in reverse gear ie 12,500, 12,400, 12,300, 12,200 and 12,100 respectively in a singly session and finally closed at 12,079.75 poin

Published 08 May, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Stock market plunges 432.33 points in one go

The KSE-100 index after witnessing panic selling at over-inflated share price level breached through five important barriers in reverse gear ie 12,500, 12,400, 12,300, 12,200 and 12,100 respectively in a singly session and finally closed at 12,079.75 poin

Published 08 May, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Supreme Court stays SJC proceedings

A five-member larger bench on Monday referred the matter to Acting Chief Justice Rana Bhagwandas to constitute a full court to hear more than thirty petitions filed by Justice Iftikhar Muhammad Chaudhry and others, and stayed proceedings of the Supreme Ju

Published 08 May, 2007 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Supreme Court stays SJC proceedings

A five-member larger bench on Monday referred the matter to Acting Chief Justice Rana Bhagwandas to constitute a full court to hear more than thirty petitions filed by Justice Iftikhar Muhammad Chaudhry and others, and stayed proceedings of the Supreme Ju

Published 08 May, 2007 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

SBP and CBR to launch automated tax deposit system

The State Bank of Pakistan (SBP) and the Central Board of Revenue (CBR) have decided to launch second phase of automated tax deposit system under which multiple challans with National Tax Number (NTNs) or computerised national identity card numbers (CNICs

Published 08 May, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

SBP and CBR to launch automated tax deposit system

The State Bank of Pakistan (SBP) and the Central Board of Revenue (CBR) have decided to launch second phase of automated tax deposit system under which multiple challans with National Tax Number (NTNs) or computerised national identity card numbers (CNICs

Published 08 May, 2007 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 08 May, 2007 12:00am

SBP and CBR to launch automated tax deposit system

The State Bank of Pakistan (SBP) and the Central Board of Revenue (CBR) have decided to launch second phase of automated tax deposit system under which multiple challans with National Tax Number (NTNs) or computerised national identity card numbers (CNICs

Published 08 May, 2007 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 08 May, 2007 12:00am

Emergency rumour: Cabinet meets on May 9

The federal cabinet is likely to meet on Wednesday (tomorrow) to discuss political situation and possibilities of imposing emergency in the country, well-placed sources told Business Recorder here on Monday.

Published 08 May, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (May 07, 2007).

Published 08 May, 2007 12:00am

Emergency rumour: Cabinet meets on May 9

The federal cabinet is likely to meet on Wednesday (tomorrow) to discuss political situation and possibilities of imposing emergency in the country, well-placed sources told Business Recorder here on Monday.

Published 08 May, 2007 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 May, 2007 12:00am

Pakistan denies militant training camps in AJK

Pakistan on Monday denied existence of any militants' training camps in Azad Jammu and Kashmir, saying the territory was open and the fact could be verified by anyone. "There are no training camps. Azad Jammu and Kashmir is an open area and anyone can go

Published 08 May, 2007 12:00am

Coal exports rise by two percent

Coal exports from Australia's Newcastle Port rose by about 2 percent over the past week, while the waiting time for ships eased by over a day, official port data said on Monday.

Published 08 May, 2007 12:00am

Wapda extends timings

Water and Power Development Authority (Wapda) on the demand of Lahore Chamber of Commerce and Industry (LCCI) has extended markets, shopping malls and departmental stores'' closure time by half an hour. The markets will be closed by 8:30 pm instead of 8.0

Published 08 May, 2007 12:00am

Oil cake market rates

Both the futures were lower on the forward cottonseed oilcake market on Monday as many buyers were on the sidelines to see prices may come down further, dealers said.

Published 08 May, 2007 12:00am

Wapda extends timings

Water and Power Development Authority (Wapda) on the demand of Lahore Chamber of Commerce and Industry (LCCI) has extended markets, shopping malls and departmental stores' closure time by half an hour. The markets will be closed by 8:30 pm instead of 8.00

Published 08 May, 2007 12:00am

Lacklustre conditions on cotton market

No improvement was seen in the present outlook on the cotton market on Monday as both the buyers and sellers indulged in tug-of-war over the prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2700, without up

Published 08 May, 2007 12:00am

Wapda extends timings

Water and Power Development Authority (Wapda) on the demand of Lahore Chamber of Commerce and Industry (LCCI) has extended markets, shopping malls and departmental stores' closure time by half an hour. The markets will be closed by 8:30 pm instead of 8.00

Published 08 May, 2007 12:00am

Jute goods higher on Jodia Bazar

The trading on jute goods moved higher on Jodia Bazar here on Monday. The following variations were noted.

Published 08 May, 2007 12:00am

Shopkeepers, administration on warpath

The shopkeepers and the administration were on the warpath as the former refused to obey the federal government directive to close shops at 8pm in the metropolis for making the countrywide load management plan a success.

Published 08 May, 2007 12:00am

Upward trend seen on grain market

Thin business was seen on the grain market on Monday as most of the leading buyers were on the sidelines due to less interest in the fresh deals, dealers said. On the rice sector, Basmati/D-98 Shahdadkot was up by Rs 100 to Rs 3603700, Basmati bagr Jee fo

Published 08 May, 2007 12:00am

Shopkeepers, administration on warpath

The shopkeepers and the administration were on the warpath as the former refused to obey the federal government directive to close shops at 8pm in the metropolis for making the countrywide load management plan a success.

Published 08 May, 2007 12:00am

Freight rates for intra-Asian routs steady

Spot freight rates for intra-Asian routes were steady on Monday, but are expected to see a boost this week from pent-up demand following the return of charterers after Golden Week holidays.

Published 08 May, 2007 12:00am

Shopkeepers, administration on warpath

The shopkeepers and the administration were on the warpath as the former refused to obey the federal government directive to close shops at 8pm in the metropolis for making the countrywide load management plan a success.

Published 08 May, 2007 12:00am

CIF Gulf bids for corn and soyabeans firmer

US CIF basis bids for corn and soyabeans held steady on Monday amid slow export demand and limited country movement of grain as farmers focused on spring planting, traders said. There is little export demand for soyabeans at the Gulf, but rising ocean fre

Published 08 May, 2007 12:00am

Two new directors named

The SECP has nominated Shaukat Tarin and Aliuddin Ansari as non-member directors of KSE. This decision was taken after resignation of former chairman KSE, Zafar A. Khan and Managing Director, KSE, M. A. Lodhi.

Published 08 May, 2007 12:00am

US Midwest corn and soya mostly unchanged

Spot basis bids for corn and soyabeans were mostly unchanged at processors and elevators around the US Midwest on Monday, but soyabean bids rose at river terminals, grain dealers said. Cash bids for wheat were steady around the region.

Published 08 May, 2007 12:00am

Two new directors named

The SECP has nominated Shaukat Tarin and Aliuddin Ansari as non-member directors of KSE. This decision was taken after resignation of former chairman KSE, Zafar A. Khan and Managing Director, KSE, M. A. Lodhi.

Published 08 May, 2007 12:00am

Western US corn belt hit with heavy weekend rains

Heavy rains fell over the far western US Corn Belt over the weekend, stalling corn planting this week, while light showers fell elsewhere, a forecaster said on Monday. From 2 to 5 inches of rainfall was reported in south-east Nebraska, south-west Iowa and

Published 08 May, 2007 12:00am

Two new directors named

The SECP has nominated Shaukat Tarin and Aliuddin Ansari as non-member directors of KSE. This decision was taken after resignation of former chairman KSE, Zafar A. Khan and Managing Director, KSE, M. A. Lodhi.

Published 08 May, 2007 12:00am

HRW wheat bids holding steady

US Plains hard red winter wheat basis bids were holding steady on Monday, though the market was adopting a weaker tone amid scant near-term demand and expectations for a sizeable new wheat crop, merchants said. Protein premiums dropped a penny a bushel fo

Published 08 May, 2007 12:00am

Hasina Wajid back home

"No one can stop me," former Bangladesh prime minister Sheikh Hasina declared on Monday as she arrived in Dhaka after the military-backed government lifted a brief ban on her returning home.

Published 08 May, 2007 12:00am

Ivorian mid crop cocoa arrivals pick up slowly

Cocoa arrivals at ports in Ivory Coast totalled around 999,000 tonnes between October 1 and April 29, exporters estimated on Monday, compared with 1,066,196 tonnes in the same period last season.

Published 08 May, 2007 12:00am

Hasina Wajid back home

"No one can stop me," former Bangladesh prime minister Sheikh Hasina declared on Monday as she arrived in Dhaka after the military-backed government lifted a brief ban on her returning home.

Published 08 May, 2007 12:00am

Surcharges remain on Rhine, Danube despite rain

Low water cargo surcharges were still being imposed for cargo shipping on parts of the river Rhine in Germany and the river Danube, despite rain that has raised water levels, traders said on Monday.

Published 08 May, 2007 12:00am

Free float: KSE directors disagree with SECP proposal

The broker directors of Karachi Stock Exchange (KSE) have disagreed with the SECP''s proposal to restrict clients to just one percent of the free float of particular scrip. The KSE system can only check trading by its members and not that of their clients

Published 08 May, 2007 12:00am

Singapore bunker fuel prices fall

Singapore bunker prices fell on Monday, while the differential to fuel oil values fell to a discount of $2-$3, as suppliers continued to sell below cargo prices amid thin demand, traders said.

Published 08 May, 2007 12:00am

Free float: KSE directors disagree with SECP proposal

The broker directors of Karachi Stock Exchange (KSE) have disagreed with the SECP's proposal to restrict clients to just one percent of the free float of particular scrip. The KSE system can only check trading by its members and not that of their clients

Published 08 May, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 193,926 tonnes cargo including 112,177 tonnes import, 81,749 tonnes export cargo and 3,548 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.

Published 08 May, 2007 12:00am

Free float: KSE directors disagree with SECP proposal

The broker directors of Karachi Stock Exchange (KSE) have disagreed with the SECP's proposal to restrict clients to just one percent of the free float of particular scrip. The KSE system can only check trading by its members and not that of their clients

Published 08 May, 2007 12:00am

Egypt buys wheat

Egypt has bought 55,000 tonnes of local wheat since April 1, the start of the Egyptian wheat marketing season, at prices starting at 170 Egyptian pounds ($29.88) for an ardebb of 150 kg, an official said on Monday.

Published 08 May, 2007 12:00am

Indian soyaoil futures dip; sugar rises

Indian soya oil futures were pulled down on Monday by falls in foreign markets, while sugar futures found some buyers but remained well below levels of this year.

Published 08 May, 2007 12:00am

Indonesia's richest man plans $4 billion pulp, palm oil expansion

Sukanto Tanoto, Indonesia's richest man, said his unlisted group RGM International has begun a $4 billion expansion of its pulp and paper, palm oil, energy, and other interests to increase its size by 70 percent by 2009.

Published 08 May, 2007 12:00am

Fill it up with coconuts Solomon's gets green fuel

Who needs crude oil when you've got cheap coconuts? An Australian entrepreneur based in the Solomon's Islands is producing fuel and profits from the fruit he sells locally for 70 US cents a litre, slightly less than the price of regular fuel.

Published 08 May, 2007 12:00am

Tokyo precious metals surge

Tokyo gold futures rose more than 2 percent to a two-month high and platinum futures hit a record high on Monday as strength in cash gold, which held near a two-week high due to dollar weakness, encouraged active buying.

Published 08 May, 2007 12:00am

Malaysian tin lower

Malaysian tin fell $80 on Monday tracking lower prices on the London Metal Exchange and due to selling pressure, one dealer said.

Published 08 May, 2007 12:00am

Japan March coffee stocks down

Japanese warehouse coffee stocks at the end of March fell to 116,136 tonnes, down 4.6 percent from the previous month, data compiled by the Agriculture Ministry showed on Monday.

Published 08 May, 2007 12:00am

Showers advance on Brazil south Minas coffee

A new cold front will bring scattered showers to coffee farms in northern Parana, Sao Paulo state and south Minas later this week, private meteorologists Somar said on Monday. Other areas will be cloudy but will have little rain. In its 10-day outlook, So

Published 08 May, 2007 12:00am

Oil eases for sixth day after US crude stock build

US crude futures dipped on Monday, falling for a sixth day as rising US crude stocks alleviated fears of a shortfall in the world's top energy consumer ahead of the peak summer driving season. US crude for June delivery fell 9 cents to $61.84 a barrel, co

Published 08 May, 2007 12:00am

Asian gasoil/jet down, cracks widen on tight supply

Asian middle distillates nudged lower on Monday but gas oil's crack values widened as the full swing of refinery maintenance strained supplies. The session posted a sole trade, with 100,000 barrels changing hands between seller Vitol and buyer Morgan Stan

Published 08 May, 2007 12:00am

CBOT new-crop corn soars

Corn futures on the Chicago Board of Trade surged on Monday due to continued concerns about slowing seedlings in the US corn belt because of wet weather, traders said. New-crop December corn in after-hours electronic trade on the CBOT was up 10 cents at $

Published 08 May, 2007 12:00am

India to target tea exports of 210 million kg in 2007

India's tea industry will target exports of 210 million kg in 2007, slightly higher than last year's exports with demand emerging from new markets, a top tea board official said on Monday. India is likely to export more tea to countries like Egypt, Pakist

Published 08 May, 2007 12:00am

Russian weekly grain market report

The Russian wheat market kept rising last week, as did those in sunseeds and crude sunoil, traders said. Demand from exporters was the main reason behind the wheat rise. The number of buyers was quite small but their intensive activity was heating the mar

Published 08 May, 2007 12:00am

East Asian grain: caution as freight hits record high

With record-breaking freight rates, grain buyers in Asia are expected to tread cautiously this week, traders said on Monday. Shipping costs have recently hit a record on strong Chinese and Indian demand for raw materials and crippling port congestion at A

Published 08 May, 2007 12:00am

Nymex crude futures slipped

US crude futures slipped on Monday, extending the previous session's decline, as rising US crude inventories eased concerns of a shortfall in the world's top energy consumer ahead of the peak summer driving season. Nymex crude for June delivery was tradin

Published 08 May, 2007 12:00am

Egypt's Alcotexa sells 1,029 tonnes cotton in week

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it had committed to sell 1,029 tonnes of cotton in the week ended May 5. An Alcotexa official broke down the sales as 21 tonnes of Giza 45, 21 tonnes of Giza 70, 622 tonnes of Gaza 88

Published 08 May, 2007 12:00am

Analysts up Ukraine 2007 grain crop forecast

Analysts revised up Ukraine's 2007 grain crop forecast by 2.2 percent to 37.338 million tonnes, from the previous outlook of 36.537 million, due to a higher area to be harvested.

Published 08 May, 2007 12:00am

Tokyo rubber creeps up

Tokyo rubber prices inched up on Monday, extending the rally from Wednesday before the market closed for the long Golden Week holiday weekend, drawing strength from firm precious metals prices. The most active contract on the Tokyo Commodity Exchange for

Published 08 May, 2007 12:00am

Malaysian palm oil ends down 1.9 percent

Malaysian crude palm oil futures fell 1.9 percent on Monday as players took profit after strong gains last week that pushed the market to eight-year highs. Traders said the market awaited April exports, stocks and output numbers to be unveiled by the stat

Published 08 May, 2007 12:00am

Ukraine pipeline blast jolts Europe's gas supply

An explosion destroyed a 30-metre section of the trunk gas pipeline taking Russian gas across Ukraine to Europe on Monday, but Russian gas export monopoly Gazprom said flows of gas had not been affected.

Published 08 May, 2007 12:00am

Airbus aims to add 20 orders for A380 in 2007

European plane-maker Airbus hopes to win 20 orders for its A380 this year and is in talks with new airlines in India to sell the plane, the world's largest passenger aircraft, a senior executive said on Monday.

Published 08 May, 2007 12:00am

German orders surge fuels talk of ECB rate hikes

German manufacturing orders rose for a second straight month in March, boosting the first quarter growth outlook and giving the European Central Bank fresh evidence to justify further rate increases. Adjusted for seasonal swings, orders increased 2.4 perc

Published 08 May, 2007 12:00am

Central bankers hail global growth

European Central Bank chief Jean-Claude Trichet on Monday hailed continued strong growth in the world economy, as the European Commission predicted the 13 nations which use the euro will together grow more than the United States or Japan.

Published 08 May, 2007 12:00am

Eurozone surges in GDP league as ministers meet

The European Commission forecast no let-up in the pace of eurozone economic growth over the next two years as finance ministers from the 13-nation currency bloc headed to Brussels for monthly talks on Monday.

Published 08 May, 2007 12:00am

DoCoMo cancels deal with Hutchison Essar

Japanese mobile phone giant NTT DoCoMo said Monday it had cancelled a contract with Indian operator Hutchison Essar to provide its "i-mode" mobile Internet service in India. DoCoMo's move followed the Indian government approval late last month of British

Published 08 May, 2007 12:00am

Emirates agrees Airbus damages; orders more A380s

Dubai-based airline Emirates, the largest customer for Airbus's A380 superjumbo airliner, said it has agreed compensation with the European planemaker over the delayed delivery of the world's largest passenger aircraft.

Published 08 May, 2007 12:00am

DBS Bank and Middle Eastern investors set up Islamic bank

Southeast Asia's biggest lender DBS Bank and 22 prominent investors from the Middle East Gulf region on Monday launched Singapore's first Islamic bank. The Islamic Bank of Asia (IB Asia) will have an initial paid up capital of 418 million US dollars, with

Published 08 May, 2007 12:00am

ADB fails to reach clear consensus on reform agenda

The Asian Development Bank faces an uncertain future after failing to reach a clear consensus on how to reform in response to Asia's rapid but increasingly uneven economic growth.

Published 08 May, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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