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Print - 2007-10-03
Asian currencies retreat from highs

Asian currencies retreat from highs

The Malaysian ringgit fell half a percent on Tuesday, leading a retreat in Asian currencies as investors exited stretched positions ahead of a string of US economic data that could determine direction for the US dollar.
Published 03 Oct, 2007 12:00am
Indonesian shares at new record high

Indonesian shares at new record high

Jakarta share prices finished 2.7 percent higher at a new all-time high Tuesday, supported by Wall Street's rise overnight and a regional market rally, dealers said. The Jakarta Stock Exchange composite index closed up 65.49 points at a new all-time high
Published 03 Oct, 2007 12:00am
Hong Kong shares set peak

Hong Kong shares set peak

Hong Kong blue chips jumped 3.3 percent on Tuesday and China plays leapt 5.7 percent in a broad rally, buoyed by a record in the Dow industrials, as hopes were high that the supreme problems had bottomed. The growing inflow of mainland funds into Hong Kon
Published 03 Oct, 2007 12:00am
Dow soars to record as credit worries ease

Dow soars to record as credit worries ease

US stocks surged on Monday, sending the Dow to a record close on the first day of the fourth quarter, as investors bet that Wall Street may have seen the worst of the credit squeeze after three global banks detailed expected losses from the crisis.
Published 03 Oct, 2007 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices rose sharply to close up 2.22 percent Tuesday on hopes of a cut in borrowing costs this week, dealers said. The country's biggest conglomerates led the pack with index leader Philippine Long Distance Telephone Co (PLDT) resuming i
Published 03 Oct, 2007 12:00am
US government bonds move up

US government bonds move up

Long-dated US government bonds rose on Monday as the outlook for manufacturing dimmed and three top investment banks said earnings came under pressure from the global credit crisis.
Published 03 Oct, 2007 12:00am
US government bonds move up

US government bonds move up

Long-dated US government bonds rose on Monday as the outlook for manufacturing dimmed and three top investment banks said earnings came under pressure from the global credit crisis.
Published 03 Oct, 2007 12:00am
Thai shares close flat

Thai shares close flat

Thai share prices closed flat on Tuesday, bucking robust gains across the region amid concern over a possible delay of general elections in December, dealers said. They said investors traded with caution as five cabinet ministers and a top government spok
Published 03 Oct, 2007 12:00am
Singapore shares reach another all-time high

Singapore shares reach another all-time high

Singapore share prices closed at another all-time high on Tuesday boosted by blue chip buying, dealers said. They said locally-listed Chinese stocks were also in favour but succumbed to profit-taking in afternoon trade. The Straits Times Index closed 38.6
Published 03 Oct, 2007 12:00am
Nikkei ends at eight-week high

Nikkei ends at eight-week high

Japan's Nikkei average rose 1.2 percent on Tuesday, ending above 17,000 for the first time in nearly eight weeks as Sony Corp gained after saying its financial unit had set its IPO price at the top end of its tentative range.
Published 03 Oct, 2007 12:00am
Seoul shares at record close

Seoul shares at record close

Seoul shares jumped 2.6 percent to a record closing high on Tuesday as financials rallied on receding worries about credit market turmoil, while resource stocks such as Korea Zinc soared on strong metal prices.
Published 03 Oct, 2007 12:00am
Australian dollar retreats from 18-year high

Australian dollar retreats from 18-year high

The Australian dollar retreated sharply from 18-year highs against the US dollar on Tuesday as investors took profits on its steep ascent of the past two weeks and also unwound yen-funded carry trade positions.
Published 03 Oct, 2007 12:00am
Swiss franc dips

Swiss franc dips

The Swiss franc edged lower against the dollar and remained under pressure against the euro on Tuesday as tame Swiss inflation data dampened expectations of another interest rate hike in Switzerland. Consumer price inflation picked-up to 0.7 percent in Se
Published 03 Oct, 2007 12:00am
Dollar stays off record lows versus euro

Dollar stays off record lows versus euro

The dollar held off a record low against the euro on Tuesday as investors looked to see whether the battered US currency could recover further along with surging Wall Street stocks before a wave of economic data.
Published 03 Oct, 2007 12:00am
Dollar rises as stocks rally

Dollar rises as stocks rally

The dollar rose from record lows against the euro on Monday as investors pared bets against the US currency on a rally in stocks and a dip in oil prices ahead of a batch of economic data and central bank meetings. The greenback got a boost as US benchmark
Published 03 Oct, 2007 12:00am
France urges sanctions moves to pressure Iran

France urges sanctions moves to pressure Iran

French Foreign Minister Bernard Kouchner said on Tuesday the West must continue to work on sanctions if it is to be taken seriously by Iran, even as talks continue to resolve a stand-off over Tehran's nuclear ambitions.
Published 03 Oct, 2007 12:00am
Race bias claim by umpire Hair

Race bias claim by umpire Hair

Darrell Hair, the Australian umpire who was giving evidence on the second day of his legal action against the International Cricket Council (ICC), the governing body of the game, claimed he was not permitted to stand in top-level matches because "it was m
Published 03 Oct, 2007 12:00am
Venus wins first Japan Open match

Venus wins first Japan Open match

Wimbledon champion Venus Williams won her opening match at the Japan Open tennis tournament here on Tuesday. The 27-year-old American top seed, heavily favoured to win the 175,000-dollar Tier III tournament, eased aside her compatriot and 2002 champion Ji
Published 03 Oct, 2007 12:00am
Haddin and Symonds help Australia crush India

Haddin and Symonds help Australia crush India

Brad Haddin and Andrew Symonds hammered brisk half-centuries to set up Australia's crushing 84-run win over India in the second one-day international here on Tuesday. Australia's batting might was on view as the World Cup winners posted a challenging 306-
Published 03 Oct, 2007 12:00am
Kaneria notches up 200 Test wickets

Kaneria notches up 200 Test wickets

Leg-spinner Danish Kaneria took his 200th Test wicket on Tuesday, becoming only the sixth Pakistani bowler to achieve the feat. The 26-year-old Kaneria, playing his 47th Test, only needed two wickets to reach the landmark at the start of the first Test ag
Published 03 Oct, 2007 12:00am
Butt hospitalised

Butt hospitalised

Pakistani cricket vice captain Salman Butt was admitted to hospital Tuesday with stomach pains on the second day of the first Test against South Africa, officials said. "Butt had severe pain in his stomach and we took him to the hospital at around 3:00 am
Published 03 Oct, 2007 12:00am
Pakistan struggle after Kallis brilliance

Pakistan struggle after Kallis brilliance

Pakistan will have to fight hard to save the first Test against South Africa after a masterly knock of 155 by Jacques Kallis put the tourists in command at the National Stadium here on Tuesday. At the close on the second day, Pakistan were 127-5 in reply
Published 03 Oct, 2007 12:00am
Hillary Clinton leads 2008 money chase with $27 million

Hillary Clinton leads 2008 money chase with $27 million

Democrat Hillary Clinton raised $27 million for her 2008 presidential bid in the third quarter, leading all rivals and strengthening her position ahead of the field three months before the first votes.
Published 03 Oct, 2007 12:00am
Journalist and actors arrested over satirical Zimbabwe play

Journalist and actors arrested over satirical Zimbabwe play

A journalist and two actors were arrested in Zimbabwe during a satirical play making fun of the country's political situation, press freedom group Reporters Without Borders said on Tuesday. The non-governmental international organisation said plain-clothe
Published 03 Oct, 2007 12:00am
Diana inquest opens with royal murder claim

Diana inquest opens with royal murder claim

The father of Princess Diana's Egyptian boyfriend reiterated Tuesday his claim that the couple were murdered by the British royal family, as an inquest into their deaths got underway.
Published 03 Oct, 2007 12:00am
Ukraine's pro-West parties hold fragile poll leads

Ukraine's pro-West parties hold fragile poll leads

Pro-Western parties maintained a fragile lead Tuesday over their Moscow-backed rivals in Ukraine's cliff-hanger parliamentary election, but both sides declared victory amid claims of fraud.
Published 03 Oct, 2007 12:00am
Blackwater involved in 200 shootings since 2005: US report

Blackwater involved in 200 shootings since 2005: US report

The private security firm Blackwater USA has been involved in nearly 200 shootings in Iraq since 2005, according to a US Congress report that depicts the company's employees as dangerously out of control.
Published 03 Oct, 2007 12:00am
11 killed in Kabul bus blast

11 killed in Kabul bus blast

A suicide bomber blew himself up alongside a bus in Kabul on Tuesday, killing at least 11 victims including policemen and civilians, Afghan officials said. It was the second such attack in the capital in four days. The front of the bus was blown apart by
Published 03 Oct, 2007 12:00am
Brown sees more troops home by year-end

Brown sees more troops home by year-end

British Prime Minister Gordon Brown said on Tuesday 500 more soldiers would be home from the unpopular war in Iraq by year's end, fuelling speculation he may soon call a national election.
Published 03 Oct, 2007 12:00am
Israel pardons more prisoners

Israel pardons more prisoners

Israel sent 29 Palestinian prisoners home to the Gaza Strip on Tuesday, triggering celebrations that were interrupted by Israeli gunfire when a crowd surged towards a border crossing to greet the men.
Published 03 Oct, 2007 12:00am
Israel confirms strike in Syria

Israel confirms strike in Syria

Israel broke nearly a month of official silence and confirmed on Tuesday it carried out an air strike deep inside Syrian territory on September 6. The incident stoked tensions between the long-time foes after months of speculation they could restart peace
Published 03 Oct, 2007 12:00am
DHL launches heavyweight campaign

DHL launches heavyweight campaign

DHL, the world's leading express and logistics company, announced today that it has launched its heavyweight campaign aimed at targeting customers shipping heavyweights consignments between 10 Kg to 35 Kg. The service provides significant savings with a w
Published 03 Oct, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Oct, 2007 12:00am
Higher sugarcane price by NWFP may backfire

Higher sugarcane price by NWFP may backfire

The NWFP government policy of fixing sugarcane prices on a slab higher than Punjab may backfire at Wednesday's meeting as the industry is going to ask for its review to put an end to the 'conspiracy'.
Published 03 Oct, 2007 12:00am
Higher sugarcane price by NWFP may backfire

Higher sugarcane price by NWFP may backfire

The NWFP government policy of fixing sugarcane prices on a slab higher than Punjab may backfire at Wednesday's meeting as the industry is going to ask for its review to put an end to the 'conspiracy'.
Published 03 Oct, 2007 12:00am
Higher sugarcane price by NWFP may backfire

Higher sugarcane price by NWFP may backfire

The NWFP government policy of fixing sugarcane prices on a slab higher than Punjab may backfire at Wednesday''s meeting as the industry is going to ask for its review to put an end to the ''conspiracy''.
Published 03 Oct, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 03 Oct, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Oct, 2007 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 03 Oct, 2007 12:00am
Al Qaeda 're-emerging' in tribal areas: US army

Al Qaeda 're-emerging' in tribal areas: US army

The US military said Tuesday it expected al Qaeda to continue its "re-emergence" in sanctuaries in Pakistan's tribal areas from where it supported attacks in Afghanistan. Sanctuary was provided to al Qaeda and Taliban rebels after Islamabad signed a peace
Published 03 Oct, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Oct, 2007 12:00am
Prime Minister hosts Iftar dinner in honour of outgoing CJCSC, VCoAS

Prime Minister hosts Iftar dinner in honour of outgoing CJCSC, VCoAS

Prime Minister Shaukat Aziz on Tuesday showered tributes on the outgoing Chairman Joint Chief of Staff Committee General Ehsanul Haq and Vice Chief of the Army Staff General Ahsan Saleem Hayat for their valuable services for the country and its armed forc
Published 03 Oct, 2007 12:00am
General Ehsan pays farewell call on defence minister

General Ehsan pays farewell call on defence minister

Chairman Joint Chief of Staff Committee (CJCSC) General Ehsan-ul-Haq on Tuesday paid farewell call on Minister for Defence Rao Sikandar Iqbal at Ministry of Defence in Rawalpindi. He remained with the minister for some time. The minister lauded the servic
Published 03 Oct, 2007 12:00am
'India, Pakistan and Saudi Arabia top weapons buyers'

'India, Pakistan and Saudi Arabia top weapons buyers'

India, Pakistan and Saudi Arabia were the top buyers of weapons in 2006, while the United States was the leading supplier of arms to the developing world, a Congressional study has revealed.
Published 03 Oct, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
ISPR advises media

ISPR advises media

A spokesman of ISPR on Tuesday asked the media to refrain from speculative reporting concerning promotions and postings of senior Army Officers. "ISPR will make an official announcement for such promotions and posting whenever a decision is taken in this
Published 03 Oct, 2007 12:00am
ISPR advises media

ISPR advises media

A spokesman of ISPR on Tuesday asked the media to refrain from speculative reporting concerning promotions and postings of senior Army Officers. "ISPR will make an official announcement for such promotions and posting whenever a decision is taken in this
Published 03 Oct, 2007 12:00am
Price hike: complaint centres set up in Hyderabad

Price hike: complaint centres set up in Hyderabad

The District Co-ordination Officer (DCO) Hyderabad Aftab Ahmed Khatri has said that under the directives of Zila Nazim Hyderabad Kanwar Naveed Jamil, the district government Hyderabad has established eleven complaint centres for price control and essentia
Published 03 Oct, 2007 12:00am
THE RUPEE: dollar gains 11 paisa

THE RUPEE: dollar gains 11 paisa

Strong demand for dollar by the importers and investors, pressured the rupee to shed its value against dollar in the interbank market on Tuesday, losing 11 paisa in a single day slide for buying and selling at Rs 60.75 and Rs 60.78, money experts said.
Published 03 Oct, 2007 12:00am
Eight arrested for suspected links with al Qaeda

Eight arrested for suspected links with al Qaeda

The Punjab police have arrested eight persons in Rawalpindi for suspected links with al Qaeda and they are part of the network involved in suicide attacks in the country, said Interior Ministry spokesman Brigadier (Retd) Javed Iqbal Cheema.
Published 03 Oct, 2007 12:00am
THE RUPEE: dollar gains 11 paisa

THE RUPEE: dollar gains 11 paisa

Strong demand for dollar by the importers and investors, pressured the rupee to shed its value against dollar in the interbank market on Tuesday, losing 11 paisa in a single day slide for buying and selling at Rs 60.75 and Rs 60.78, money experts said.
Published 03 Oct, 2007 12:00am
Sub-inspector held for taking bribe

Sub-inspector held for taking bribe

The Anti-Corruption Establishment (ACE) has arrested Sub-Inspector Allah Ditta, the Incharge of the Investigation Cell of Gulberg Police Station, for taking bribe of Rs 10,000 to conduct an investigation of a case on merit.
Published 03 Oct, 2007 12:00am
Transfers and Postings

Transfers and Postings

The Punjab government has carried out transfers and postings on Tuesday, which include Deputy Inspector General of Police, Investigation Branch Punjab Lahore.
Published 03 Oct, 2007 12:00am
Yarn truck looted at gunpoint

Yarn truck looted at gunpoint

Unidentified seven armed robbers drove away a truck of cotton-yarn worth one million rupees on gunpoint near Chak 76-RB on Faisalabad-Shahkot road, here last night. Khurriawala Police has registered a case but no clue has been found so far.
Published 03 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
Tenders invited

Tenders invited

Sindh Police have invited offers for the supply of latest equipment to upgrade the capacity of the Sindh police to fight crime and to maintain good pubic order. The Sindh police have asked for quotation for 250 gas masks, 14,616 Anti Riots helmet, 14,000
Published 03 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
Artemia help raise seafood business: PCSIR

Artemia help raise seafood business: PCSIR

Pakistan Council of Scientific and Industrial Research (PCSIR) Laboratories Complex Karachi has successfully conducted extensive research for commercialisation of 'Artemia' a specie used as feed for shrimps (prawns) and help enhance seafood business, espe
Published 03 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
APDM parliamentarians resign after sensing defeat: Durrani

APDM parliamentarians resign after sensing defeat: Durrani

Minister for Information and Broadcasting Senator Muhammad Ali Durrani Tuesday said the leadership of All Parties Democratic Movement has decided to tender the resignations of its parliamentarians after sensing 'vivid defeat' in the presidential election.
Published 03 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
'Media enjoying 'unprecedented' freedom'

'Media enjoying 'unprecedented' freedom'

Minister for Information and Broadcasting Muhammad Ali Durrani claimed that Pakistani media was enjoying unprecedented freedom in the region. Speaking in a television programme, the Minister said the current government campaign on media was to create awar
Published 03 Oct, 2007 12:00am
Inquiry body on September 29 incidents meets today

Inquiry body on September 29 incidents meets today

The inquiry committee of Interior Ministry to look into the violence against journalists and lawyers by law enforcement agencies personnel on September 29 will meet on Wednesday. The committee, which has been constituted on the special directives of Prime
Published 03 Oct, 2007 12:00am
'National Assembly meets on October 4'

'National Assembly meets on October 4'

The 86 resignations, which the All Pakistan Democratic Movement (APDM) members submitted in the National Assembly Speaker Chaudhry Amir Hussain's chamber at 11:45 am on Tuesday do not carry good enough weight to dent the Presidential elections scheduled n
Published 03 Oct, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
SHC grants bail to MQM-H chairman

SHC grants bail to MQM-H chairman

Justice Qaiser Iqbal of Sindh High Court on Tuesday granted bail to Muhajir Quami Movement (MQM-H) Chairman Aamir Khan in gun snatching case against surety of Rs 100,000. Aamir Khan was sentenced to five years RI by Additional Sessions Judge Karachi Centr
Published 03 Oct, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 02, 2007).

Published 03 Oct, 2007 12:00am
Launch of ACCA's new qualification

Launch of ACCA's new qualification

ACCA's (Association of Chartered Certified Accountants) new professional qualification puts ethics under the microscope and has adopted a holistic approach to ensure their students' ethical development.
Published 03 Oct, 2007 12:00am
Ministry fails to rehabilitate victimised women

Ministry fails to rehabilitate victimised women

The Women Development Ministry has failed to provide rehabilitation to victimised women, who take shelter in women crisis centres for which the Ministry made a huge allocation of Rs 235 million.
Published 03 Oct, 2007 12:00am
FBR asked to cancel estimated amount of $39 million under TARP

FBR asked to cancel estimated amount of $39 million under TARP

The World Bank (WB) has asked the Federal Board of Revenue (FBR) to cancel provisionally estimated amount of $39 million including an estimated $24 million of IBRD loan and $15 million of IDA credit under the Tax Administration Reform Project (TARP).
Published 03 Oct, 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 03 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (October 02, 2007) and the forecast for Wednesday (October 03, 2007).
Published 03 Oct, 2007 12:00am
Militants kill three police in Hangu

Militants kill three police in Hangu

Pro-Taliban militants raided a police check post at Hangu Tuesday, killing three policemen and injuring two others, officials said. The attack at Hangu in North-West Frontier Province followed a suicide bombing in the nearby garrison town of Bannu on Mond
Published 03 Oct, 2007 12:00am
Explosion damages house

Explosion damages house

An explosion in Tajjazai area of Lakki Marwat on Tuesday damaged a house partially. According to a private TV channel, unknown persons had planted an explosive device with the main gate of a house, owned by Suleman, in Tajjazai area of Lakki Marwat, which
Published 03 Oct, 2007 12:00am
Suicide attacks hit NWFP small traders

Suicide attacks hit NWFP small traders

A large number of suicide attacks in NWFP have affected retail traders and shopkeepers badly, a survey conducted by Business Recorder revealed. In 16 suicide bomb attacks that took place in different cities of NWFP, like Peshawar, Bannu, Swat, Nort
Published 03 Oct, 2007 12:00am
Blast

Blast

A High-tension Tower of Wapda near the Northern Bypass in Karachi was severely damaged by a bomb blast on Tuesday, while the other was defused. Meanwhile, electricity supply to several areas of the city remained suspended due to the tripping off of Baloch
Published 03 Oct, 2007 12:00am
IIU to celebrate Independence Day on Ramazan 27

IIU to celebrate Independence Day on Ramazan 27

International Islamic University (IIU) is celebrating Independence Day of Pakistan on 27th of Ramazan. In this connection, a seminar would be organised by Department of Composite Studies on October 9, at the New Campus of the university, says a statement
Published 03 Oct, 2007 12:00am