News Archives for Print - 2007-08-22

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (August 21, 2007).

Published 22 Aug, 2007 12:00am

PPA denounce secret deal with Thai poultry group

Pakistan Poultry Association (PPA) Punjab Zone on Tuesday denounced a reported secret deal between the government and a foreign poultry company, expressing its apprehensions that it would damage the local poultry industry at large scale.

Published 22 Aug, 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 Tuesday (August 21, 2007).

Published 22 Aug, 2007 12:00am

Statoil taps gas from Arctic field, LNG in September

Norwegian oil and gas producer Statoil received the first gas from its Snoehvit field in the Arctic on Tuesday and said it would open Europe's first liquefied natural gas (LNG) export facility next month.

Published 22 Aug, 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 Tuesday (August 21, 2007).

Published 22 Aug, 2007 12:00am

Blackstone buys majority stake in Indian firm

US private equity giant Blackstone Group has bought a majority stake in India's largest garment manufacturer and exporter, Gokaldas Exports, according to a statement, at an estimated cost of 165 million dollars.

Published 22 Aug, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (August 21, 2007).

Published 22 Aug, 2007 12:00am

ISE Index slips 120.04 points

Fresh bearish assault moved the entire ready-board in downward direction at the Islamabad Stock Exchange (ISE) where equities continued to show negative signs amid decrease in index. ISE-10 Index was down by 120.04 points as the ISE Index moved from 2,909

Published 22 Aug, 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 22 Aug, 2007 12:00am

ISE Index slips 120.04 points

Fresh bearish assault moved the entire ready-board in downward direction at the Islamabad Stock Exchange (ISE) where equities continued to show negative signs amid decrease in index. ISE-10 Index was down by 120.04 points as the ISE Index moved from 2,909

Published 22 Aug, 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 22 Aug, 2007 12:00am

Bears dominate LSE: index down 166.98 points

Bears dominated on the Lahore Stock Exchange on Tuesday where equities suffered significantly across the board amid spiralling transaction volume following foreign funds' selling with local investors remaining on the sidelines.

Published 22 Aug, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (August 21, 2007).

Published 22 Aug, 2007 12:00am

Bears dominate LSE: index down 166.98 points

Bears dominated on the Lahore Stock Exchange on Tuesday where equities suffered significantly across the board amid spiralling transaction volume following foreign funds' selling with local investors remaining on the sidelines.

Published 22 Aug, 2007 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 22 Aug, 2007 12:00am

President stresses need for political stability: ''Vision 2030'' launched

President General Pervez Musharraf on Tuesday urged the political power holders in the country to maintain a stable political environment for continuity and sustainability of development policies, and to make the ''Vision 2030'' a reality.

Published 22 Aug, 2007 12:00am

Oil cake market rates

Thin trading was witnessed on the cottonseed oil cake market on Tuesday, dealers said. December vaida commenced at Rs 500.00 and settled at the same level. January vaida opened at overnight level and maintained the same level till closing.

Published 22 Aug, 2007 12:00am

President stresses need for political stability: 'Vision 2030' launched

President General Pervez Musharraf on Tuesday urged the political power holders in the country to maintain a stable political environment for continuity and sustainability of development policies, and to make the 'Vision 2030' a reality.

Published 22 Aug, 2007 12:00am

More rains may push cotton prices sharply up

In case of more rains in the cotton growing areas, cotton prices may go up sharply and might touch new highs in the coming days, dealers in the cotton market said on Tuesday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2950

Published 22 Aug, 2007 12:00am

President stresses need for political stability: 'Vision 2030' launched

President General Pervez Musharraf on Tuesday urged the political power holders in the country to maintain a stable political environment for continuity and sustainability of development policies, and to make the 'Vision 2030' a reality.

Published 22 Aug, 2007 12:00am

Cottonseed prices down on grain market

Cottonseed prices were down on the grain market on Tuesday despite tight supplies, dealers said. On the seed side, except cottonseeds, all items maintained their overnight levels in process of trading, they said, adding that cottonseed with bag low type f

Published 22 Aug, 2007 12:00am

USC Ramazan package approved

Prime Minister Shaukat Aziz on Tuesday approved the Ramazan package for Utility Stores Corporation (USC), clearing it for the Cabinet meeting scheduled here for Wednesday. The package will offer the consumers over 150 items at 10 to 15 percent discounted

Published 22 Aug, 2007 12:00am

Bangladesh tea prices fall on poor quality

The average price of Bangladesh teas fell 1.78 percent to 79.02 taka ($1.15) per kg on poor quality at the weekly auction on Tuesday, brokers said. "Nearly 1.40 million kg were sold at an average price of 79.02 taka per kg, down 1.44 taka from the previou

Published 22 Aug, 2007 12:00am

USC Ramazan package approved

Prime Minister Shaukat Aziz on Tuesday approved the Ramazan package for Utility Stores Corporation (USC), clearing it for the Cabinet meeting scheduled here for Wednesday. The package will offer the consumers over 150 items at 10 to 15 percent discounted

Published 22 Aug, 2007 12:00am

HRW wheat bids mostly steady

US Plains hard red winter wheat basis bids held mostly steady Tuesday, with fresh export sales to Egypt underpinning the market. Traders in Kansas said they were finding it difficult to get railcars to ship wheat due to tight supplies.

Published 22 Aug, 2007 12:00am

USC Ramazan package approved

Prime Minister Shaukat Aziz on Tuesday approved the Ramazan package for Utility Stores Corporation (USC), clearing it for the Cabinet meeting scheduled here for Wednesday. The package will offer the consumers over 150 items at 10 to 15 percent discounted

Published 22 Aug, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 69,615 tonnes cargo including 49,504 tonnes import, 20,111 tonnes export cargo and 4,618 containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday.

Published 22 Aug, 2007 12:00am

Little risk to Pakistan''s economy

On August 7, 2007, US central bank policy makers came up with a declaration that inflation remained their primary target. In other words, it also meant that Federal Reserve''s monetary stance would remain tight until they succeed in containing inflation.

Published 22 Aug, 2007 12:00am

Floods damage India's corn crop, rice also hit

Massive monsoon floods in eastern India damaged vast areas of corn and affected the rice crop, government officials and farm experts said on Tuesday, adding that losses are being assessed.

Published 22 Aug, 2007 12:00am

Little risk to Pakistan's economy

On August 7, 2007, US central bank policy makers came up with a declaration that inflation remained their primary target. In other words, it also meant that Federal Reserve's monetary stance would remain tight until they succeed in containing inflation.

Published 22 Aug, 2007 12:00am

Indian sugar futures fall on lack of spot demand

Indian sugar futures fell on Tuesday due to a lack of physical demand as traders waited on the sidelines expecting spot prices to drop further, analysts said.

Published 22 Aug, 2007 12:00am

Little risk to Pakistan's economy

On August 7, 2007, US central bank policy makers came up with a declaration that inflation remained their primary target. In other words, it also meant that Federal Reserve's monetary stance would remain tight until they succeed in containing inflation.

Published 22 Aug, 2007 12:00am

Japan seeks 25,000 tonnes rice at August 24 SBS tender

Japan's Ministry of Agriculture seeks to buy 25,000 tonnes of foreign rice, for use mostly as table rice, at a tender under the simultaneous buy and sell (SBS) system on August 24, a ministry official said on Tuesday.

Published 22 Aug, 2007 12:00am

KPT declares eight berths non-operational

The Karachi Port Trust (KPT) has declared eight berths of the port non-operational, for the time being, and added that it would not provide berths to ''geared container'' vessels from September 1.

Published 22 Aug, 2007 12:00am

MGE wheat ends lower

Minneapolis Grain Exchange spring wheat futures ended weaker on Monday, led lower by the September contract amid front-month spreading and seasonal harvest pressure, traders said. But the MGE wheat market came off its lows late when Chicago and Kansas Cit

Published 22 Aug, 2007 12:00am

KPT declares eight berths non-operational

The Karachi Port Trust (KPT) has declared eight berths of the port non-operational, for the time being, and added that it would not provide berths to 'geared container' vessels from September 1.

Published 22 Aug, 2007 12:00am

Nymex crude dips

US crude futures dipped further on Tuesday, although Mexico's closure of its offshore Gulf oil production ahead of powerful Hurricane Dean tempered initial relief that the storm would not hit US oil facilities.

Published 22 Aug, 2007 12:00am

KPT declares eight berths non-operational

The Karachi Port Trust (KPT) has declared eight berths of the port non-operational, for the time being, and added that it would not provide berths to 'geared container' vessels from September 1.

Published 22 Aug, 2007 12:00am

Indonesia's Medico to invest in ethanol plants

Indonesia's largest-listed energy firm, PT Medico Energy International, plans to spend $135-$144 million on three ethanol plants, a newspaper reported on Tuesday.

Published 22 Aug, 2007 12:00am

10-year PIB cut-off yield set at 10.3509 percent

The State Bank of Pakistan (SBP) set a cut-off yield of 10.3509 percent, up 22 basis points from previous 10.1244 percent, on 10-year Pakistan Investment Bond (PIB) at the first auction of current fiscal year 2007-08 on Tuesday.

Published 22 Aug, 2007 12:00am

New York cocoa drops to 3-1/2 month low

US cocoa futures settled lower on speculative selling after hitting a 3-1/2-month low on a second-month basis, traders said. "Just a little follow-through spec selling," one trader said. "A continued liquidation of the longs."

Published 22 Aug, 2007 12:00am

10-year PIB cut-off yield set at 10.3509 percent

The State Bank of Pakistan (SBP) set a cut-off yield of 10.3509 percent, up 22 basis points from previous 10.1244 percent, on 10-year Pakistan Investment Bond (PIB) at the first auction of current fiscal year 2007-08 on Tuesday.

Published 22 Aug, 2007 12:00am

New York coffee lower

Open-outcry arabica coffee finished slightly lower on Monday because of selling related to contract rollover and chart-based sales, and as investors took a breather after the previous session's sharp gains. "Today's decline was almost exclusively spread-r

Published 22 Aug, 2007 12:00am

10-year PIB cut-off yield set at 10.3509 percent

The State Bank of Pakistan (SBP) set a cut-off yield of 10.3509 percent, up 22 basis points from previous 10.1244 percent, on 10-year Pakistan Investment Bond (PIB) at the first auction of current fiscal year 2007-08 on Tuesday.

Published 22 Aug, 2007 12:00am

US copper futures end off highs

US copper futures trimmed gains and barely closed in positive territory on Monday as a relief rally from Friday's surprise discount rate cut by the US Federal Reserve seemed to lose steam, analysts said.

Published 22 Aug, 2007 12:00am

10-year PIB cut-off yield set at 10.3509 percent

The State Bank of Pakistan (SBP) set a cut-off yield of 10.3509 percent, up 22 basis points from previous 10.1244 percent, on 10-year Pakistan Investment Bond (PIB) at the first auction of current fiscal year 2007-08 on Tuesday.

Published 22 Aug, 2007 12:00am

US gold higher

US gold futures finished a tad lower in light volume on Monday, after sharp losses in volatile trading last week, as bullion investors took a breather when global financial markets stabilised.

Published 22 Aug, 2007 12:00am

Funding for Neelum-Jhelum project: Cabinet expected to approve 10 paisa surcharge

The Cabinet in its meeting on Wednesday is likely to approve 10 paisa per unit increase in power tariff, to be collected from both Wapda and KESC consumers, for financing the 969 MW Neelum-Jhelum hydropower project, official sources told Business Recor

Published 22 Aug, 2007 12:00am

Bargain hunters lift gold

Gold extended gains on Tuesday on the back of bargain hunting from Japanese speculators, but bullion was expected to trade in a tight range amid lingering worries about credit market woes. "Whether market turbulence has dissipated for now or whether we're
Published 22 Aug, 2007 12:00am

Funding for Neelum-Jhelum project: Cabinet expected to approve 10 paisa surcharge

The Cabinet in its meeting on Wednesday is likely to approve 10 paisa per unit increase in power tariff, to be collected from both Wapda and KESC consumers, for financing the 969 MW Neelum-Jhelum hydropower project, official sources told Business Recor
Published 22 Aug, 2007 12:00am

Malaysian tin higher

Malaysian tin climbed 4 percent on Tuesday, lifted by a sharp rise in London Metal Exchange prices and heavy buying after more than a week of losses, one dealer said.
Published 22 Aug, 2007 12:00am

Funding for Neelum-Jhelum project: Cabinet expected to approve 10 paisa surcharge

The Cabinet in its meeting on Wednesday is likely to approve 10 paisa per unit increase in power tariff, to be collected from both Wapda and KESC consumers, for financing the 969 MW Neelum-Jhelum hydropower project, official sources told Business Recor
Published 22 Aug, 2007 12:00am

South Korea buys corn

South Korea's Nonghyup Feed Inc has bought 55,000 tonnes of Chinese corn from a local trading house, traders said on Tuesday. Arrival of the corn was set for October 10. No price details were available.
Published 22 Aug, 2007 12:00am

PSO sell-off stay extended indefinitely

The Supreme Court has extended the stay against privatisation of Pakistan State Oils Ltd (PSO) for an indefinite period. The court took this decision on an application by Abdul Hafeez Pirzada who requested for an adjournment of the case as he was engaged
Published 22 Aug, 2007 12:00am

Asian physical rubber price

Asian physical rubber was quoted lower on Tuesday despite small gains in futures contracts on the Tokyo Commodity Exchange. Trading was thin with buyers on the sidelines after prices rose in line with TOCOM's 2 percent jump on Monday, traders said.
Published 22 Aug, 2007 12:00am

PSO sell-off stay extended indefinitely

The Supreme Court has extended the stay against privatisation of Pakistan State Oils Ltd (PSO) for an indefinite period. The court took this decision on an application by Abdul Hafeez Pirzada who requested for an adjournment of the case as he was engaged
Published 22 Aug, 2007 12:00am

Oil dips under $71

Oil extended losses to below $71 a barrel on Tuesday on relief that powerful Hurricane Dean would not hit US Gulf Coast oil platforms and refineries, and hope that it posed a lesser threat to Mexico's oil patch.
Published 22 Aug, 2007 12:00am

PSO sell-off stay extended indefinitely

The Supreme Court has extended the stay against privatisation of Pakistan State Oils Ltd (PSO) for an indefinite period. The court took this decision on an application by Abdul Hafeez Pirzada who requested for an adjournment of the case as he was engaged
Published 22 Aug, 2007 12:00am

Shanghai copper ends steady

Base metals were little changed in London and Shanghai on Tuesday as equity markets recovered some poise after a sustained period of turbulence triggered by fears over a global credit market squeeze. Shanghai's most active November copper eased 470 yuan,
Published 22 Aug, 2007 12:00am

BRIndex30 plunges 536.30 points

On Tuesday, the BRIndex30 opened in the positive zone, at 13,490.17, but soon went to negative zone and remained in the red for the rest of the trading time, closing at 12,946.17, registering net negative change of -536.30 points and percentage change of
Published 22 Aug, 2007 12:00am

Vietnam coffee sales

Coffee sales in Vietnam slowed in the past week as stores were nearly empty and beans from the new harvest will not arrive until October, traders said on Tuesday. This week prices fell more than 7 percent from last week to around 25,100 dong ($1.55) per k
Published 22 Aug, 2007 12:00am

BRIndex30 plunges 536.30 points

On Tuesday, the BRIndex30 opened in the positive zone, at 13,490.17, but soon went to negative zone and remained in the red for the rest of the trading time, closing at 12,946.17, registering net negative change of -536.30 points and percentage change of
Published 22 Aug, 2007 12:00am

New York sugar futures post gains

Raw sugar futures closed higher on Monday on speculative fund buying in subdued dealings and the dearth of news is seen keeping the market range-bound this week, brokers said. The New York Board of Trade's October sugar contract rose 0.02 cent to conclude
Published 22 Aug, 2007 12:00am

Uncertainty mars trading on KSE

Karachi share market on Tuesday witnessed worst declined of the year as the benchmark KSE-100 index lost 447.55 points to close at 12,244.62 points'' level due to prevailing political uncertainty in the country. The KSE-30 index declined by 522.46 points
Published 22 Aug, 2007 12:00am

Soya mixed, range-bound after weak start

The Chicago Board of Trade soyabean market ended mixed and range-bound on Monday, recovering from sell-off as it followed corn which recovered going into the close, traders said. September soyabeans closed 1/4 cent higher at $8.11-3/4 per bushel while new
Published 22 Aug, 2007 12:00am

Uncertainty mars trading on KSE

Karachi share market on Tuesday witnessed worst declined of the year as the benchmark KSE-100 index lost 447.55 points to close at 12,244.62 points' level due to prevailing political uncertainty in the country. The KSE-30 index declined by 522.46 points a
Published 22 Aug, 2007 12:00am

CBoT rice closes unchanged

Rough rice futures at the Chicago Board of Trade ended steady on Monday, with front-month spreading the day's feature, traders said. September rice closed steady at $10.36 per hundredweight and November was unchanged at $10.68.
Published 22 Aug, 2007 12:00am

Uncertainty mars trading on KSE

Karachi share market on Tuesday witnessed worst declined of the year as the benchmark KSE-100 index lost 447.55 points to close at 12,244.62 points' level due to prevailing political uncertainty in the country. The KSE-30 index declined by 522.46 points a
Published 22 Aug, 2007 12:00am

Tocom rubber end little changed

Tokyo rubber futures ended little changed on Tuesday as support from an easing Japanese yen was limited by profit taking. The benchmark rubber contract on the Tokyo Commodity Exchange for January delivery fell 0.3 yen to settle at 237.9 yen ($2.07) per kg
Published 22 Aug, 2007 12:00am

Fed ready to use all tools to calm market

A key US lawmaker said on Tuesday that Federal Reserve Chairman Fed Bernanke pledged to use all available tools if needed to calm turbulent financial markets, but he expressed skepticism that the US Treasury appreciated the urgency of the US housing finan
Published 22 Aug, 2007 12:00am

Malaysian palm oil trims gains

Malaysian crude palm oil futures closed 1.3 percent higher on Tuesday, lifted by rising prices of rival soyabean oil but gains were limited by continued fears of swelling stocks due to a seasonal uptake in production.
Published 22 Aug, 2007 12:00am

Fed ready to use all tools to calm market

A key US lawmaker said on Tuesday that Federal Reserve Chairman Fed Bernanke pledged to use all available tools if needed to calm turbulent financial markets, but he expressed skepticism that the US Treasury appreciated the urgency of the US housing finan
Published 22 Aug, 2007 12:00am

US financial industry job cuts soar

A prolonged US housing slump is causing a surge in the number of job losses announced by US financial services companies, consulting firm Challenger, Gray & Christmas Inc said on Tuesday. The financial industry has announced 87,962 job cuts so far this ye
Published 22 Aug, 2007 12:00am

Fed ready to use all tools to calm market

A key US lawmaker said on Tuesday that Federal Reserve Chairman Fed Bernanke pledged to use all available tools if needed to calm turbulent financial markets, but he expressed skepticism that the US Treasury appreciated the urgency of the US housing finan
Published 22 Aug, 2007 12:00am

China raises rates yet again

China raised interest rates on Tuesday for the fourth time this year, aiming to counter expectations of accelerating inflation after consumer prices rose in July at the fastest pace in more than a decade.
Published 22 Aug, 2007 12:00am

Three 'missing persons' released

Following suo motu action by the Supreme Court, the government on Tuesday released several 'missing persons' and assured that it believed in the rule of law and supremacy of Constitution. Attorney General Malik Mohammad Qayyum informed the court that Abdu
Published 22 Aug, 2007 12:00am

Big three pledge vigilance, banks gloomy

Finance chiefs from the world's three biggest economies tried on Tuesday to keep a lid on credit jitters, but US Treasury Secretary Henry Paulson admitted that global financial turmoil would take time to play out.
Published 22 Aug, 2007 12:00am

Three 'missing persons' released

Following suo motu action by the Supreme Court, the government on Tuesday released several 'missing persons' and assured that it believed in the rule of law and supremacy of Constitution. Attorney General Malik Mohammad Qayyum informed the court that Abdu
Published 22 Aug, 2007 12:00am

US home foreclosures up

US home foreclosures rose 9 percent in July from June and soared 93 percent from a year ago as states that once enjoyed a white-hot housing market are now seeing the greatest number of loan failures, a real estate survey reported on Tuesday.
Published 22 Aug, 2007 12:00am

'US credit spasm hits German bank refinancing'

The turmoil in the US subprime mortgage market is making it difficult for German banks to get credit lines from their foreign partners, the chief executive of state-backed lender WestLB said late on Monday.
Published 22 Aug, 2007 12:00am

Fed and ECB handled market turmoil well: French Prime Minister

French Prime Minister Francois Fillon said central banks have dealt well so far with global financial market turmoil and that he was optimistic French growth would withstand such turbulence.
Published 22 Aug, 2007 12:00am

Weaker German investor morale pressures ECB on rates

A global credit crunch pushed German investor morale to its lowest level in eight months in August, raising pressure on the European Central Bank (ECB) to keep interest rates on hold for the time being.
Published 22 Aug, 2007 12:00am

Jordan's Finance Minister resigns over petrol price hike

Jordan's Finance Minister Ziyad Fariz resigned on Tuesday after the government overruled his recommendation to hike petrol prices to curb a spiralling budget deficit, officials said.
Published 22 Aug, 2007 12:00am

Canada's inflation steadies

Canada's annual inflation rate held unchanged at 2.2 percent in July and the core rate fell to 2.3 percent from 2.5 percent in June, a steady performance that analysts said makes an interest rate rise in September highly unlikely.
Published 22 Aug, 2007 12:00am

Asian air fares bounce back on increased travel demand

Average Asian airfares rose in the second quarter of this year as tourists and business visitors travelled more, reflecting the region's economic growth, American Express said Tuesday.
Published 22 Aug, 2007 12:00am

Indian oil workers strike for wages

As many as 45,000 workers at state-run Indian oil firms began an indefinite strike for higher wages on Tuesday that officials say could curtail fuel supplies.
Published 22 Aug, 2007 12:00am

Serbia meets union demands to speed insurer sale

Serbia said on Tuesday it had accepted trade union demands for worker benefits in the long delayed sale of its second biggest insurer DDOR, hoping to speed up the first privatisation in the sector.
Published 22 Aug, 2007 12:00am

Apec leaders to try break WTO deadlock

Asia Pacific leaders will make another attempt to break the prolonged deadlock in global trade negotiations at their annual meeting in Australia next month, an official said Monday.
Published 22 Aug, 2007 12:00am

Eurozone trade surplus soars

The eurozone's foreign trade surplus soared more than expected in June from May, data showed on Tuesday, as exports grew twice as fast as imports despite a strong euro.
Published 22 Aug, 2007 12:00am

Thai exports slow in July

Thai exports rose 5.9 percent year-on-year in July, a sharp drop from 18.6 percent in the first half, due to the strong Thai baht and a slowing US economy, the commerce ministry said Tuesday.
Published 22 Aug, 2007 12:00am

Abe vows to bolster trade, ties with India

Japanese Prime Minister Shinzo Abe kicked off an official trip to India on Tuesday with the promise to boost trade and ties between the two Asian countries. Accompanied by his wife Akie and almost 200 business officials, Abe headed straight to an economic
Published 22 Aug, 2007 12:00am

Japan eyes ending most duties on Asean imports

Japan will propose scrapping duties immediately on 90 percent of imports from Asean when it holds free trade talks with the regional bloc this week, a report said Tuesday.
Published 22 Aug, 2007 12:00am

China makes progress on fighting money-laundering

China has made progress in fighting money laundering, but still has a lot to do, The Financial Action Task Force (FATF), an international anti-corruption body, said on Monday.
Published 22 Aug, 2007 12:00am

New Zealand takes Australia to WTO over apples

New Zealand plans to take its closest ally Australia to the World Trade Organisation (WTO) over a 21-year dispute about access for apples, the New Zealand government said on Monday. New Zealand had tried to resolve the issue bilaterally but had faced cont
Published 22 Aug, 2007 12:00am

Singapore's Keppel Land gets Vietnam development licence

Singapore's Keppel Land said Tuesday a subsidiary and its local partner have secured a licence to build a residential apartment bloc in Vietnam's Ho Chi Minh City.
Published 22 Aug, 2007 12:00am

Sierra Leone looks to shine with unpolished gems

As it pieces together its shattered mining sector after a 10-year civil war fuelled by so-called "blood diamonds," Sierra Leone is turning attention to processing its uncut gemstones.
Published 22 Aug, 2007 12:00am

Metacafe get $30 million third-round funding

Metacafe, a video-sharing start-up that pays users to upload clips to its Web site, said on Tuesday it has received $30 million in funding from venture capital firms including Highland Capital Partners and DAG Ventures. The third-round funding comes after
Published 22 Aug, 2007 12:00am

Siemens India to double operations in three years: CEO

Siemens India, a unit of German-based Siemens AG, said Tuesday it will double the size of its operations in the next three years. The growth in India would be in the areas of domestic business, exports and sourcing, Siemens AG chief executive Peter Losche
Published 22 Aug, 2007 12:00am

India needs education push to stay ahead of China in IT

India must make a huge push in education and infrastructure to ensure it is not overtaken by China as a global outsourcing destination, a top industry body warned on Tuesday.
Published 22 Aug, 2007 12:00am

Financial turmoil could hurt Asia over next six months: Hsien Loong

Asia could feel the impact of turbulence that rocked global markets over the next three to six months but the region's foundations remained strong, Singapore Prime Minister Lee Hsien Loong said.
Published 22 Aug, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
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