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Print - 2007-06-15
ITraxx crossover index tightens

ITraxx crossover index tightens

European corporate credit spreads rallied on Thursday, shrugging off strong US inflation data and concerns about higher interest rates, while BT starred in the primary market. The iTraxx Crossover index, made up of 50 mostly "junk"-rated credits, tightene
Published 15 Jun, 2007 12:00am
Seoul shares hit record

Seoul shares hit record

Seoul shares jumped to a record on Thursday, passing a peak hit last week as brokerages such as Samsung Securities surged on speculation parliament was set to approve a key act easing regulatory restrictions in the sector.
Published 15 Jun, 2007 12:00am
US Stocks: Thursday's mid-afternoon trade

US Stocks: Thursday's mid-afternoon trade

US stocks advanced on Thursday as a gain of more than $1 a barrel in oil prices boosted shares of energy companies, including Exxon Mobil Corp, offsetting disappointment over a profit report from Goldman Sachs. Exxon's stock led the major advancers in bot
Published 15 Jun, 2007 12:00am
Chinese shares plummet

Chinese shares plummet

China's main stock index fell sharply on Thursday, ending a seven-day rising streak, after Premier Wen Jiabao warned that the government would tighten policy further to prevent the economy from overheating. The Shanghai Composite Index closed down 1.47 pe
Published 15 Jun, 2007 12:00am
Britain's top share index up

Britain's top share index up

Britain's top index of 100 leading shares rose more than 1 percent on Thursday as a retreat in US bond yields improved sentiment for stocks and as UK oil shares gained. The FTSE closed 1.4 percent higher at 6,649.9, with oil responsible for nearly a quart
Published 15 Jun, 2007 12:00am
US exporters to raise wheat offer prices to Iraq

US exporters to raise wheat offer prices to Iraq

US exporters were expected to raise the price of wheat they offered to sell Iraq following rallies this week that sent wheat futures to 11-year highs, said US grain traders.
Published 15 Jun, 2007 12:00am
CME beefs up CBOT merger terms for second time

CME beefs up CBOT merger terms for second time

A pitched battle for the No 2 US futures mart rages on, with Chicago Mercantile Exchange Holdings Inc on Thursday beefing up terms of its offer for CBOT Holdings Inc for the second time in a month.
Published 15 Jun, 2007 12:00am
Oil jumps on refinery woes

Oil jumps on refinery woes

Oil prices soared toward $71 a barrel on Thursday on concerns over low fuel production from hobbling US oil refineries and a flare up of violence in the Middle East.
Published 15 Jun, 2007 12:00am
FSA backs folic acid in foods

FSA backs folic acid in foods

Britain's Food Standards Agency board on Thursday gave the go-ahead for plans to add folic acid to foods in a bid to cut birth defects and said levels should be controlled in some products to prevent over-consumption.
Published 15 Jun, 2007 12:00am
New York cotton settles at three-month high

New York cotton settles at three-month high

Cotton futures settled up and at a three-month high Thursday on speculative fund buying and talk that top consumer China was booking or about to place orders in the market, analysts said. New York Board of Trade's open-outcry July cotton contract climbed
Published 15 Jun, 2007 12:00am
China to step up natural rubber imports

China to step up natural rubber imports

China will step up natural rubber imports to feed its growing rubber industry, particularly tyre production, after lower purchases in the first quarter, an industry official said on Wednesday.
Published 15 Jun, 2007 12:00am
Base metals rally

Base metals rally

Industrial metals, taking their cue from stronger equities markets, rallied on Thursday as looming strikes in the world mining industry continued to underpin prices, analysts and traders said.
Published 15 Jun, 2007 12:00am
Gold rises in Europe

Gold rises in Europe

Gold drifted higher on Thursday on bargain hunting after a three-month low the previous day, but analysts said the metal had potential to test fresh lows. Spot gold rose as high as $654.00 an ounce before easing to $652.40/653.90 at 1431 GMT, up from $647
Published 15 Jun, 2007 12:00am
US MIDDAY: wheat soars above $6

US MIDDAY: wheat soars above $6

Wheat futures at the Chicago Board of Trade soared to fresh 11-year highs above $6 per bushel early on Thursday on concerns about US harvest delays, tight world supplies and technical momentum, traders said.
Published 15 Jun, 2007 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Corn futures at the Chicago Board of Trade were higher early on Thursday on persistent concerns about dry weather in the eastern US Midwest crop region, traders said. At 10:19 am CDT (1519 GMT), CBOT corn was up 2 to 5-1/4 cents per bushel, with July up 5
Published 15 Jun, 2007 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Soyabean futures at the Chicago Board of Trade rose early Thursday on concerns that dry weather in the eastern Midwest was stressing young crops and slowing soyabean emergence, traders said.
Published 15 Jun, 2007 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

US copper futures extended the prior session's gains early Thursday, rising nearly 3 percent, as firm technicals and threatened strike action underpinned the advance, traders said.
Published 15 Jun, 2007 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

US gold futures eventually moved up early Thursday on inflationary implications of higher crude oil prices after tossing back and forth early as players deciphered the latest US producer price gauge, traders said.
Published 15 Jun, 2007 12:00am
ZTBL launches deposit mobilisation schemes

ZTBL launches deposit mobilisation schemes

Zarai Taraqiati Bank Ltd (ZTBL) has launched its two deposit mobilisation schemes namely 'Zarai Bachat Account" and "Zarai Term deposit Certificates" to facilitate its clientele besides providing free of cost ancillary financial services and to broaden th
Published 15 Jun, 2007 12:00am
Fata and Pata industrial units agree to pay Rs 1.5 billion duties

Fata and Pata industrial units agree to pay Rs 1.5 billion duties

The industrial units in federally-administered tribal areas (Fata) and provincially-administered tribal areas (Pata) have agreed to withdraw their tax appeals from the courts and pay excise and customs duties of Rs 1.5 billion for obtaining sales tax exem
Published 15 Jun, 2007 12:00am
Fata and Pata industrial units agree to pay Rs 1.5 billion duties

Fata and Pata industrial units agree to pay Rs 1.5 billion duties

The industrial units in federally-administered tribal areas (Fata) and provincially-administered tribal areas (Pata) have agreed to withdraw their tax appeals from the courts and pay excise and customs duties of Rs 1.5 billion for obtaining sales tax exem
Published 15 Jun, 2007 12:00am
Gencos asked to keep plants operational round the clock

Gencos asked to keep plants operational round the clock

Federal Minister for Water and Power, Liaquat Ali Jatoi on Thursday directed all Generation Companies (Gencos), including Muzaffargarh, Guddu, Jamshoro and Lakhra thermal power stations to keep their plants operational round the clock to meet electricity
Published 15 Jun, 2007 12:00am
Rs 11 billion extra GST collected from edible oil industry

Rs 11 billion extra GST collected from edible oil industry

The government has collected Rs 11 billion extra general sale tax from on edible oil industry in 2006-07 by applying the proportionate price-tax formula without adjusting it to sudden rise in the edible oil prices.
Published 15 Jun, 2007 12:00am
Rs 11 billion extra GST collected from edible oil industry

Rs 11 billion extra GST collected from edible oil industry

The government has collected Rs 11 billion extra general sale tax from on edible oil industry in 2006-07 by applying the proportionate price-tax formula without adjusting it to sudden rise in the edible oil prices.
Published 15 Jun, 2007 12:00am
Salary increase no benefit

Salary increase no benefit

Minister of State Omar Ayub Khan has announced a fifteen percent increase in the salaries and pensions of the government employees, as envisaged in the Federal Budget 2007-08 proposals. But will the measure provide the much-needed relief to the salaried c
Published 15 Jun, 2007 12:00am
Withdrawal of exemption

Withdrawal of exemption

Through your columns I would like to welcome the long overdue withdrawal of exemption of income tax for mutual funds on CFS income. While the individuals end up paying 10% and companies 35% tax on their CFS income respectively, it is not fair to give this
Published 15 Jun, 2007 12:00am
Performance of Government

Performance of Government

The Musharraf government has come up with a Budget, hoping to offset the negative impact of its financial policies for past seven years. Coming just before the forthcoming elections, it raises doubts about its implementation and any relief that it will of
Published 15 Jun, 2007 12:00am
Hope, the only way to live on

Hope, the only way to live on

All successive governments, since our adulthood, have been giving us hopes of a better tomorrow. Years have gone by, we have grown old and still keep living on the hopes that our governments promise us. This is how another generation will pass, on hopes f
Published 15 Jun, 2007 12:00am
Ancient healing technique gains new popularity in Iraq

Ancient healing technique gains new popularity in Iraq

Haidar al-Hajam carefully placed the glass jars over the slight incisions on his patient's back and then began to pump out the air. In the ensuing vacuum, the thick dark blood slowly oozed out of the cuts and into the clear containers.
Published 15 Jun, 2007 12:00am
Budget fails to meet populist demands

Budget fails to meet populist demands

Some people say, "Budget is a jugglery of figures". Surely, a cynical comment! Budget is a well thought-out and comprehensive plan of what the government will spend for its various programmes in the year ahead and how it expects to raise money to pay for
Published 15 Jun, 2007 12:00am
Time to address haphazard pursuit of agro-industries

Time to address haphazard pursuit of agro-industries

Quoting the Member Agriculture of the Planning Commission, Dr Kausar Abdullah, a Business Recorder news report from Islamabad has it that no NOC will be issued for setting up new sugar units until finalisation of the proposed new study of agricultu
Published 15 Jun, 2007 12:00am
The curse that refuses to lift

The curse that refuses to lift

The rare display of unity among otherwise perennially divided city fathers, in seeking de-privatisation of Karachi Electric Supply Company (KESC) is a measure of public suffering because of incessant load-shedding and power breakdowns.
Published 15 Jun, 2007 12:00am
Tricon Centre attracts leading companies

Tricon Centre attracts leading companies

Tricon Corporate Centre has been selected as future office building by Pakistan's outstanding companies like Kapco, Suraj Cotton group, Millat Tractor, Mansoor Mazhar and Associates, Sargodha Textile Group, Bank of Punjab for their corporate division.
Published 15 Jun, 2007 12:00am
WCG offers sponsor Samsung Electronics

WCG offers sponsor Samsung Electronics

The World Cyber Games (WCG), which kicks off its 2007 grand finals in Karachi, is offering sponsor Samsung Electronics a unique global marketing opportunity that keeps growing in scope.
Published 15 Jun, 2007 12:00am
NGO provides food, shelter to Chitral victims' families

NGO provides food, shelter to Chitral victims' families

The Focus Humanitarian Assistant (Focus) NGO, has engaged in additional emergency relief distributions in collaboration with local government authorities in remote North Western district of Chitral following the spate of severe avalanches in March-April 2
Published 15 Jun, 2007 12:00am
GSP asked to speed up natural resources exploration

GSP asked to speed up natural resources exploration

Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has directed the Geological Survey of Pakistan (GSP) to gear up efforts for the speedy exploration of coal, copper, gold, precious gemstones and metallic and non-metallic deposits
Published 15 Jun, 2007 12:00am
Cement City at Hub hailed

Cement City at Hub hailed

Lasbela Chamber of Commerce and Industry President Yakoob Karim has welcomed the announcement of the establishment of Cement City in Hub by the Chief Minister of Balochistan Jam Muhammad Yousuf.
Published 15 Jun, 2007 12:00am
Attack on Imam Askari mosque condemned

Attack on Imam Askari mosque condemned

Jamaat-e-Islami on Thursday expressed shock and horror on the attack on the Mosque of Imam Askari in Samarra, Iraq, resulting in demolition of its two historic minarets.
Published 15 Jun, 2007 12:00am
Government urged to tap rich livestock potential

Government urged to tap rich livestock potential

The government is now taking steps to improve the livestock sector and plans to exploit its vast potential in terms of domestic requirements and exports. Talking to APP here on Thursday.
Published 15 Jun, 2007 12:00am
Lawyers observe black day

Lawyers observe black day

The legal fraternity observed on Thursday as a black day and organised a protest rally and boycotted courts to condemn the presidential reference against Chief Justice Iftikhar Muhammad Chaudhry, large scale arrests in Punjab province, shifting of politic
Published 15 Jun, 2007 12:00am
Lawyers vow to continue struggle CJP's reinstatement

Lawyers vow to continue struggle CJP's reinstatement

The lawyers here in the metropolis took out a rally at Mall Road in protest against the suspension of Chief Justice Pakistan Iftikhar Muhammad Chaudhry. The rally was joined by political workers, human rights organisations, teachers, students and doctors
Published 15 Jun, 2007 12:00am
608 more fall prey to gastro

608 more fall prey to gastro

As many as 608 more persons have fallen victim to gastro-enteritis during the last six days (June 8-13), bringing the total number of gastro patients since May 7 to 2458.
Published 15 Jun, 2007 12:00am
LHC seeks report on crime situation

LHC seeks report on crime situation

A full bench of the Lahore High Court (LHC) called for report from Inspector General of Punjab Police pertaining to the prevailing crime situation in Sheikhupura range.
Published 15 Jun, 2007 12:00am
Heat wave claims another 30 lives in Punjab

Heat wave claims another 30 lives in Punjab

At least 30 persons have died in Punjab during last 24 hours due to scorching heat and fainted hundreds till Wednesday noon as the area remained in the grip of severe heat wave with mercury level touching record heights in a number of cities, 45.5 Degree
Published 15 Jun, 2007 12:00am
PPP condemns workers' arrests

PPP condemns workers' arrests

Pakistan People's Party (PPP) Punjab Chief Makhdoom Shah Mehmood Qureshi on Thursday condemned the massive crackdown on its workers and office-bearers and arrest of scores of activists across the Punjab and Sindh.
Published 15 Jun, 2007 12:00am
Imran vows to fight MQM on three fronts

Imran vows to fight MQM on three fronts

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan on Thursday vowed to fight against Muttahida Qaumi Movement (MQM) and its leader Altaf Hussain on three fronts.
Published 15 Jun, 2007 12:00am
Paper merchants blame local mills for price hike

Paper merchants blame local mills for price hike

Lahore Paper Merchants Welfare Group has alleged the local paper mills to establish a cartel to enhance paper prices besides causing loss to the national exchequer through under invoicing and the group demanded the government to take serious note of the s
Published 15 Jun, 2007 12:00am
Government urged to establish zero-tax regime for packaging industry

Government urged to establish zero-tax regime for packaging industry

Tin Cane Manufacturing Association, Punjab Iron and Steel Merchants Association have demanded of the government to establish long term zero tax regime for packaging industry through zero rated import duties on its industrial raw materials.
Published 15 Jun, 2007 12:00am
Punjab budget promises to overhaul justice system

Punjab budget promises to overhaul justice system

The Government of Punjab intends to launch a province-wide programme for increasing and improving justice sector efficiency during 2007-08 through improvement of process and provision of infrastructural support.
Published 15 Jun, 2007 12:00am
Fata ADP fund raised to Rs 10 billion

Fata ADP fund raised to Rs 10 billion

NWFP governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has said that fund for Fata Annual Development Programme (ADP) had been raised to Rs 10 billion for the next financial year, adding that this will greatly enhance the development process in
Published 15 Jun, 2007 12:00am
US team visits University of Veterinary and Animal Sciences

US team visits University of Veterinary and Animal Sciences

A five-member delegation from the US State Department led by Dr Jason E Rao, Senior Program Co-ordinator of the US Department of State, visited the University of Veterinary and Animal Sciences (UVAS) Lahore and held a meeting with vice-chancellor Professo
Published 15 Jun, 2007 12:00am
Gadap Town presents Rs 855.737 million budget

Gadap Town presents Rs 855.737 million budget

A surplus budget of over Rs 855.737 million was presented for the fiscal year 2007-08 before the Gadap Town Council, which was approved after deep deliberations here on Thursday.
Published 15 Jun, 2007 12:00am
Gadap Town presents Rs 855.737 million budget

Gadap Town presents Rs 855.737 million budget

A surplus budget of over Rs 855.737 million was presented for the fiscal year 2007-08 before the Gadap Town Council, which was approved after deep deliberations here on Thursday.
Published 15 Jun, 2007 12:00am
Chinese bank set to enter Pakistani market: Raza

Chinese bank set to enter Pakistani market: Raza

Industrial and Commercial Bank of China (ICBC) is exploring options to enter the growing Pakistani market, which has seen a number of acquisitions by foreign banks in recent months, a top banker said on Thursday.
Published 15 Jun, 2007 12:00am
Tax officers told to finalise cases by month-end

Tax officers told to finalise cases by month-end

All the tax commissioners have been asked by the director general, Regional Tax Office (RTO), Karachi, to finalise pending issues by June 30. The RTO DG has directed the officers in audit, enforcement, collection and refunds units to dispose of cases by m
Published 15 Jun, 2007 12:00am
Counterfeit Stillman's crème seized

Counterfeit Stillman's crème seized

The police carried out raids on wholesale outlets in Dhak Market, Sukkur and seized a large quantity of counterfeit Stillman's facial crème. These raids were conducted on M/s Pak Traders, Pak General Stores, Ravee Traders, Sohny Traders, Ghazi Traders and
Published 15 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (June 14, 2007) and the forecast for Friday (June 15, 2007).
Published 15 Jun, 2007 12:00am
Tara Chand Surgical and Trauma Centre opens

Tara Chand Surgical and Trauma Centre opens

Prominent kidney surgeon Professor Dr Adib-ul-Hassan Rizvi has stressed the need for provision of medical facilities to the poor and needy patients, especially the kidney patients.
Published 15 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 15 Jun, 2007 12:00am
Standard Chartered launches 'Saadiq'

Standard Chartered launches 'Saadiq'

The Standard Chartered Bank (Pakistan) Limited (SCBPL) on Thursday launched its global Islamic banking business brand, 'Saadiq' in Pakistan. It also launched its global Islamic credit card - the Saadiq Visa Gold Credit Card, which is the first Shariah com
Published 15 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 15 Jun, 2007 12:00am
Hunarmand Punjab project

Hunarmand Punjab project

Hunarmand Punjab Programme, costing Rs 650 million, has been started in the province through which over 100,000 young people will be provided training in latest technologies every year.
Published 15 Jun, 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 15 Jun, 2007 12:00am
Tanners slam budget

Tanners slam budget

Pakistan Tanners Association (PTA) has expressed displeasure over the federal budget 2007-08 as "it has brought no relief to the country's second largest industry".
Published 15 Jun, 2007 12:00am
WTO names PSQCA as Pakistan's Inquiry Point

WTO names PSQCA as Pakistan's Inquiry Point

The World Trade Organisation (WTO) has designated Pakistan Standards & Quality Control Authority (PSQCA) as the Inquiry Point for Pakistan.
Published 15 Jun, 2007 12:00am
AHAN's efforts to alleviate rural areas poverty lauded

AHAN's efforts to alleviate rural areas poverty lauded

Jahangir Khan Tareen Federal Minister for Industries, Production and Special Initiatives has commended Aik Hunar Aik Nagar - One Village One Product (AHAN) team for its efforts to alleviate poverty in the rural areas through creation and diversification o
Published 15 Jun, 2007 12:00am
Concern over interference of NGOs in education sector

Concern over interference of NGOs in education sector

Tanzeem Asatiza Pakistan (TUP), Sindh, has expressed concern over interference of non-government organisations (NGOs), especially foreign-funded ones, in education sector of Pakistan, and urged the government to chalk out home-grown policies for this vita
Published 15 Jun, 2007 12:00am
Army's role extolled in business, economic progress

Army's role extolled in business, economic progress

"The efficiency of the Army at the border and inside, Navy on the high seas and Air Force in the skies of Pakistan enables the business community to perform in a secured environment and provides the industrialists and businessmen the impetus to strive for
Published 15 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Relief to common man in budget lauded

Relief to common man in budget lauded

Life member and Chairman of the Standing Committee on Public Sector of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Ahmed Saeed has appreciated the relief provided by the government in the fiscal budget to the common man, governmen
Published 15 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (June 14, 2007) and for Friday (June 15, 2007).
Published 15 Jun, 2007 12:00am
Government urged to save shrines from land grabbers

Government urged to save shrines from land grabbers

Architecture Protection Society (APS) has demanded of the government to save the shrines of spiritual saints from the encroachers, Qabza-groups, and land grabbers and protect the historical gates, monuments, Wall around the old city.
Published 15 Jun, 2007 12:00am
PPA seeks level playing field for seed sellers

PPA seeks level playing field for seed sellers

Pakistan Poultry Association (PPA) has suggested to make the country self-sufficient in edible oil, oil-seeds, soyabean, Jawar, Maize and other crops with the collaboration of private sector and demanded level playing field for the seed sellers to introdu
Published 15 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
National Assembly condemns bomb attack on Imam Askari's shrine

National Assembly condemns bomb attack on Imam Askari's shrine

The National Assembly on Thursday unanimously condemned bomb attack on revered Imam Askariya shrine in the Iraqi city of Samarra. The house adopted a unanimous resolution moved by a treasury member Riaz Hussain Pirzada in the presence of Prime Minister Sh
Published 15 Jun, 2007 12:00am
Misconception about Islam: Pakistan for implementation of ICFM decisions

Misconception about Islam: Pakistan for implementation of ICFM decisions

Pakistan's United Nation Ambassador Munir Akram, in his capacity as chairman of the Islamic Group at the UN, on Wednesday circulated a plan of action proposing steps for implementing the decisions of last month's Islamic Conference of Foreign Ministers (I
Published 15 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Dutch multi-party democracy inspires young political leaders

Dutch multi-party democracy inspires young political leaders

The Dutch political system, with its strong multi-party democracy, government support for political parties and cultural tolerance were of particular interest to a group of young activists from five Pakistani political parties.
Published 15 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 14, 2007).

Published 15 Jun, 2007 12:00am
Algerian law makers team due on Sunday

Algerian law makers team due on Sunday

A seven-member Algerian Parliamentary delegation, headed by President Council of the Nation (Senate) Abedelkader Bensalah, is arriving here on Sunday for a week-long visit. The invitation to Algerian Senate Chief was extended by Chairman Senate Mohammedmi
Published 15 Jun, 2007 12:00am
Pakistan condemns Lebanese parliamentarian's murder

Pakistan condemns Lebanese parliamentarian's murder

Pakistan on Thursday condemned the killing of a senior Lebanese Parliamentarian and several other civilians in a terrorist attack in Beirut on June 13. Walid Eido was among at least 10 people killed in Wednesday's bombing in Beirut.
Published 15 Jun, 2007 12:00am
Boucher meets opposition leaders in Quetta

Boucher meets opposition leaders in Quetta

Visiting US Assistant Secretary of State Richard Boucher arrived in Quetta for talks with opposition leaders to review security situation along the Pak-Afghan border, TV channels reported.
Published 15 Jun, 2007 12:00am
THE RUPEE: dollar moves bothways

THE RUPEE: dollar moves bothways

The rupee maintained its surge against dollar in the interbank market on Thursday, gaining two paisa for buying and selling at Rs 60.59 and Rs 60.61, respectively. Easy supply of dollar enhanced the rupee's value and expectedly the rupee may move both way
Published 15 Jun, 2007 12:00am
Tribesmen want representation in Pak-Afghan Jirga

Tribesmen want representation in Pak-Afghan Jirga

The grand tribal convention (Jirga) here Thursday also called for inclusion of tribal elders in Pak-Afghan Peace Jirga, saying they are being directly affected by the deteriorating situation in the region.
Published 15 Jun, 2007 12:00am
THE RUPEE: dollar moves bothways

THE RUPEE: dollar moves bothways

The rupee maintained its surge against dollar in the interbank market on Thursday, gaining two paisa for buying and selling at Rs 60.59 and Rs 60.61, respectively. Easy supply of dollar enhanced the rupee's value and expectedly the rupee may move both way
Published 15 Jun, 2007 12:00am
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