News Archives for Print - 2007-10-18

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (October 17, 2007).

Published 18 Oct, 2007 12:00am

Red alert at airport

Airport entry passes (green), protocol passes (white) and temporary entry passes have been suspended for Karachi Airport for Thursday, October 18, says a press release issued by Airport Security Force, here on Wednesday.

Published 18 Oct, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (October 17, 2007).

Published 18 Oct, 2007 12:00am

Red alert at airport

Airport entry passes (green), protocol passes (white) and temporary entry passes have been suspended for Karachi Airport for Thursday, October 18, says a press release issued by Airport Security Force, here on Wednesday.

Published 18 Oct, 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 18 Oct, 2007 12:00am

UK foreign minister due today

British Foreign Minister Lord Malloch-Brown arrives in Pakistan on Thursday for a two-day visit to holding talks with senior Pakistani politicians, officials and representatives of civil society, said a statement issued here on Wednesday.

Published 18 Oct, 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 18 Oct, 2007 12:00am

UK foreign minister due today

British Foreign Minister Lord Malloch-Brown arrives in Pakistan on Thursday for a two-day visit to holding talks with senior Pakistani politicians, officials and representatives of civil society, said a statement issued here on Wednesday.

Published 18 Oct, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (October 17, 2007).

Published 18 Oct, 2007 12:00am

Turkish parliament allows incursion into Iraq

The Turkish parliament Wednesday voted to allow military strikes against Kurdish separatists in northern Iraq, despite stiff US opposition and appeals from Baghdad for time to purge the rebels. A government motion seeking a one-year authorisation for one

Published 18 Oct, 2007 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Oct, 2007 12:00am

Turkish parliament allows incursion into Iraq

The Turkish parliament Wednesday voted to allow military strikes against Kurdish separatists in northern Iraq, despite stiff US opposition and appeals from Baghdad for time to purge the rebels. A government motion seeking a one-year authorisation for one

Published 18 Oct, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 409,601 tonnes cargo including 348,947 tonnes import, 60,654 tonnes export cargo and 4,724 containers (TEUs) during last 120 hours ending at 0700 hours on Wednesday.

Published 18 Oct, 2007 12:00am

Subsidy payment to Discos: Finance introduces new system

The Finance Ministry has introduced a new system of subsidy payment to power distribution companies (Discos) in accordance with the Standard Operating Procedure (SOP) prepared in consultation with the World Bank (WB), sources told Business Recorder.</i

Published 18 Oct, 2007 12:00am

HRW wheat steady

US Plains hard red winter wheat basis bids were mostly steady on Wednesday, with merchants describing a mostly quiet market. Trucks remained in short supply in some areas, though merchants were looking for more availability as fertiliser season drew to a
Published 18 Oct, 2007 12:00am

Subsidy payment to Discos: Finance introduces new system

The Finance Ministry has introduced a new system of subsidy payment to power distribution companies (Discos) in accordance with the Standard Operating Procedure (SOP) prepared in consultation with the World Bank (WB), sources told Business Recorder.</i
Published 18 Oct, 2007 12:00am

Singapore bunker fuel prices fall

Singapore bunker prices fell from record highs on Wednesday, while the differential to fuel oil cargoes remained at a discount. Prices for the 380-centistoke (cst) grade were pegged at $441-$443 a tonne, down $4 from the last session as crude oil prices e
Published 18 Oct, 2007 12:00am

Subsidy payment to Discos: Finance introduces new system

The Finance Ministry has introduced a new system of subsidy payment to power distribution companies (Discos) in accordance with the Standard Operating Procedure (SOP) prepared in consultation with the World Bank (WB), sources told Business Recorder.</i
Published 18 Oct, 2007 12:00am

Global biofuel targets should be reduced: Oil World

Global targets to increase biofuel use need to be reduced as the vegetable oil and oilseeds markets cannot cope with the extra demand for biofuel raw materials, Hamburg-based oilseeds analysts Oil World said.
Published 18 Oct, 2007 12:00am

Chief Justice declines to hear petitions against Musharraf

Chief Justice Iftikhar Muhammad Chaudhry has declined to preside over the bench hearing petitions against the candidacy and re-election of President Musharraf for next five-year term.
Published 18 Oct, 2007 12:00am

US Midwest corn and soyabean bids rise

Spot basis bids for corn and soyabeans rose at processors and elevators around the US Midwest Wednesday as grain dealers tried to spark some selling interest. Farmers have been reluctant to sell their newly harvested crops this fall. Most growers were try
Published 18 Oct, 2007 12:00am

Chief Justice declines to hear petitions against Musharraf

Chief Justice Iftikhar Muhammad Chaudhry has declined to preside over the bench hearing petitions against the candidacy and re-election of President Musharraf for next five-year term.
Published 18 Oct, 2007 12:00am

FOB Gulf corn and soya offers hold steady

US FOB Gulf corn and soyabean basis offers held steady on Tuesday, although record-high ocean freight continues to cool fresh export sales, traders said. Hard and soft red winter wheat values held steady but futures prices falling to a six-week low failed
Published 18 Oct, 2007 12:00am

Supreme Court issues notices in Nawaz deportation case

The Supreme Court on Wednesday issued notices to Foreign Secretary, Additional Foreign Secretary, Chief of Protocol. Director-General Airport Security Force, Inspector-General of Police Punjab, and SP Tahir Ayub to appear in person on October 30, 2007 in
Published 18 Oct, 2007 12:00am

Kenyan tea prices mixed

Kenyan tea prices were mixed at Tuesday's sale due to the varying quality on offer, market players said. Some 14 percent of the tea offered for sale was left unsold, the Africa Tea Brokers said in a market report.
Published 18 Oct, 2007 12:00am

Supreme Court issues notices in Nawaz deportation case

The Supreme Court on Wednesday issued notices to Foreign Secretary, Additional Foreign Secretary, Chief of Protocol. Director-General Airport Security Force, Inspector-General of Police Punjab, and SP Tahir Ayub to appear in person on October 30, 2007 in
Published 18 Oct, 2007 12:00am

CBot corn consolidates after two-week high

Chicago Board of Trade corn futures ended mixed and mostly higher in a consolidation on Tuesday after this week's rally to a two-week high. The nearbys closed about a penny lower, with December down 1-1/2 cent at $3.60-1/2 per bushel. September 2008 to Ma
Published 18 Oct, 2007 12:00am

IMF lowers global growth forecast

The International Monetary Fund on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the US housing sector could crimp growth worldwide. The world economy is expected to expand 4.8 percent next year aft
Published 18 Oct, 2007 12:00am

CBOT wheat down to six-week low

Wheat futures on the Chicago Board of Trade closed lower, falling to a six-week low on Tuesday on long-liquidation and profit-taking, traders said. "It's further long-liquidation and how much longer it can go remains a big question," said Terry Reilly, an
Published 18 Oct, 2007 12:00am

IMF lowers global growth forecast

The International Monetary Fund on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the US housing sector could crimp growth worldwide. The world economy is expected to expand 4.8 percent next year aft
Published 18 Oct, 2007 12:00am

Oil cake market rates

Bullish trend was again witnessed on the cottonseed oilcake market on Wednesday as prices mirrored the rising trend in the world markets, dealers said. The December vaida opened with rupees four gain at Rs 510.00 and market closed at the same rate, they s
Published 18 Oct, 2007 12:00am

IMF lowers global growth forecast

The International Monetary Fund on Wednesday slashed its 2008 global economic forecast, warning that turbulence stemming from a crisis in the US housing sector could crimp growth worldwide. The world economy is expected to expand 4.8 percent next year aft
Published 18 Oct, 2007 12:00am

Phutti, oilcake prices turn higher

Phutti and cottonseed oilcake prices were up on the cotton market on Wednesday following the surging trend in the international market, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2825, dealers said.
Published 18 Oct, 2007 12:00am

Check on misuse of funds: FBR may scan NPOs records

The Federal Board of Revenue (FBR) is likely to scan the records of selected non-profit organisations (NPOs) for audit to check any misuse of funds. Sources told Business Recorder on Wednesday that the board would also select NPOs for audit under t
Published 18 Oct, 2007 12:00am

Black pod to cut Ivorian cocoa output

Black pod disease could cut Ivory Coast's cocoa output in the 2007/2008 season by between 75,000 and 100,000 tonnes, exporters in the world's top grower said on Wednesday.
Published 18 Oct, 2007 12:00am

Check on misuse of funds: FBR may scan NPOs records

The Federal Board of Revenue (FBR) is likely to scan the records of selected non-profit organisations (NPOs) for audit to check any misuse of funds. Sources told Business Recorder on Wednesday that the board would also select NPOs for audit under t
Published 18 Oct, 2007 12:00am

Cottonseed oilcake up on grain market

Cottonseed oilcake prices were sharply higher on the grain market on Wednesday as most of the trading centres reopened after observing long holidays, dealers said.
Published 18 Oct, 2007 12:00am

Check on misuse of funds: FBR may scan NPOs records

The Federal Board of Revenue (FBR) is likely to scan the records of selected non-profit organisations (NPOs) for audit to check any misuse of funds. Sources told Business Recorder on Wednesday that the board would also select NPOs for audit under t
Published 18 Oct, 2007 12:00am

ICE cotton stocks rise

Certificated cotton stocks deliverable against the ICE No 2 cotton futures contract as of October 12 totalled 565,013 (480-lb) bales, from 564,858 bales the previous session. There were 13,151 bales issued, 41,185 bales awaiting review and no bales were d
Published 18 Oct, 2007 12:00am

BRIndex30 registers 139.36 points gain

On Wednesday, the BR Index30 opened at 15,926.92 and closed at 16,043.90, registering a net positive change of 139.36 points and percentage change of 0.88. It recorded intra-day high of 16,121.63 and low of 15,654.82. The volume amounted to 327,665,700 sh
Published 18 Oct, 2007 12:00am

ICE cocoa settles up

US cocoa trading in the pit settled mildly higher Tuesday, after a quiet session marked by thin dealings and light short covering, traders said. "There was light origin selling early but it disappeared. There were some big bids on the screen but (they) di
Published 18 Oct, 2007 12:00am

BRIndex30 registers 139.36 points gain

On Wednesday, the BR Index30 opened at 15,926.92 and closed at 16,043.90, registering a net positive change of 139.36 points and percentage change of 0.88. It recorded intra-day high of 16,121.63 and low of 15,654.82. The volume amounted to 327,665,700 sh
Published 18 Oct, 2007 12:00am

MGE spring wheat down

Spring wheat futures on the Minneapolis Grain Exchange closed lower on Tuesday as traders, mainly large speculators, continued to liquidate or sell their long holdings of wheat, traders said. Wheat prices had rallied to record highs in late summer, leavin
Published 18 Oct, 2007 12:00am

KSE index reaches new high

Karachi share market on Wednesday continued its upward trend with making new records as the KSE-100 index crossed 14,600 historic level to hit 14,614.34 points intra-day high level on the back of increasing oil prices in the international market.
Published 18 Oct, 2007 12:00am

New York arabica coffee lower

ICE arabica coffee futures settled slightly lower on Tuesday on follow-though selling by funds as the market reacted to the first spring rains in Brazil, dealers said. "You don't see any aggressive selling, you do see some funds actually doing some buying
Published 18 Oct, 2007 12:00am

KSE index reaches new high

Karachi share market on Wednesday continued its upward trend with making new records as the KSE-100 index crossed 14,600 historic level to hit 14,614.34 points intra-day high level on the back of increasing oil prices in the international market.
Published 18 Oct, 2007 12:00am

US copper futures down

US copper futures ended at a one-week low on Tuesday with softer global equity markets and concerns about a prolonged US housing slump stalling the industrial metal's upward momentum, dealers said.
Published 18 Oct, 2007 12:00am

KSE index reaches new high

Karachi share market on Wednesday continued its upward trend with making new records as the KSE-100 index crossed 14,600 historic level to hit 14,614.34 points intra-day high level on the back of increasing oil prices in the international market.
Published 18 Oct, 2007 12:00am

US gold futures a tad lower

US gold futures finished a tad lower in heavy, choppy trade on Tuesday as initial support from rising crude prices and follow-through buying in the Asian markets diminished and bullion investors locked in recent profits.
Published 18 Oct, 2007 12:00am

20,000 LEAs personnel deployed

The Sindh government will deploy over 20,000 personnel of the law-enforcement agencies (LEAs) in the city to ensure foolproof security to Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto on her arrival on Thursday.
Published 18 Oct, 2007 12:00am

Gold holds near 28-year high in Asia

Gold edged down in volatile trade on Wednesday after early buying by speculators subsided but strong oil prices and tensions in northern Iraq underpinned sentiment. Spot gold rose as high as $764.60 an ounce before dipping to $756.40/757.00 an ounce, down
Published 18 Oct, 2007 12:00am

20,000 LEAs personnel deployed

The Sindh government will deploy over 20,000 personnel of the law-enforcement agencies (LEAs) in the city to ensure foolproof security to Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto on her arrival on Thursday.
Published 18 Oct, 2007 12:00am

Asian physical rubber prices

Asian physical rubber were quoted mostly unchanged on Wednesday despite a fall in futures contract prices on the Tokyo Commodity Exchange. Firm demand and limited supply supported physical prices and trading was likely to be busier as those waiting to buy
Published 18 Oct, 2007 12:00am

Benazir to be treated under NRO terms: Cheema

The government would treat Benazir Bhutto, the former Prime Minister, under the terms and conditions of National Reconciliation Ordinance (NRO) 2007, by providing bullet-proof car and other security on her scheduled arrival at Karachi airport today (Thurs
Published 18 Oct, 2007 12:00am

Oil dips to $87 after six-day surge

Oil prices eased on Wednesday, as traders took profits from a roaring rally to a new peak above $88, fuelled by renewed investor appetite triggered by fears of tighter supplies this winter and Middle East tension.
Published 18 Oct, 2007 12:00am

Benazir to be treated under NRO terms: Cheema

The government would treat Benazir Bhutto, the former Prime Minister, under the terms and conditions of National Reconciliation Ordinance (NRO) 2007, by providing bullet-proof car and other security on her scheduled arrival at Karachi airport today (Thurs
Published 18 Oct, 2007 12:00am

Malaysian tin drops

Malaysian tin fell 0.9 percent on Wednesday, weighed down by lower London Metal Exchange prices and rising supplies in the market, one trader said.
Published 18 Oct, 2007 12:00am

NWFP government to establish conducive political climate: Prime Minister

Prime Minister Shaukat Aziz expressed confidence that the interim government of NWFP would be able to establish conducive political atmosphere in the province both to ensure peace and create conditions for the holding of free, fair and transparent electio
Published 18 Oct, 2007 12:00am

Tocom rubber dips

Tokyo rubber futures slid on Wednesday as a stronger yen spurred profit-taking a day after prices hit a four-month high, but bullish oil prices remained supportive. The benchmark rubber contract on the Tokyo Commodity Exchange for March delivery fell 2.0
Published 18 Oct, 2007 12:00am

Shams-ul-Mulk calls on Musharraf

The NWFP's Caretaker Chief Minister Shams ul Mulk on Wednesday called on President General Pervez Musharraf and discussed with him the situation in the province and the tribal areas. The Chief Minister informed the President that all steps would be taken
Published 18 Oct, 2007 12:00am

Indian soyaoil slide

Indian soyoil futures fell on Wednesday, tracking sluggish demand in the physical market and a drop in rival Malaysian palm oil futures. At 2:20 pm (0850 GMT), the October futures contract on the National Commodity and Derivatives Exchange was down 0.29 p
Published 18 Oct, 2007 12:00am

Benazir is well worth the wait, confirms she'll fly home today, 2 or 3 groups of suicide bombers are operating in city: home secretary

Benazir Bhutto confirmed on Wednesday that she would return home on Thursday, after eight years of self-imposed exile, despite government pressure to delay her homecoming. "Yes, I am going," she told reporters here when asked if she would fly to Karachi o
Published 18 Oct, 2007 12:00am

New York sugar settles up

Raw sugar futures finished up and near a two-month high Tuesday on investment fund buying spurred by a sizzling rally in crude oil and the strong tone of the commodity sector, brokers said. "It's all oil. You can't ignore what's going on there," said Jame
Published 18 Oct, 2007 12:00am

Benazir is well worth the wait, confirms she'll fly home today, 2 or 3 groups of suicide bombers are operating in city: home secretary

Benazir Bhutto confirmed on Wednesday that she would return home on Thursday, after eight years of self-imposed exile, despite government pressure to delay her homecoming. "Yes, I am going," she told reporters here when asked if she would fly to Karachi o
Published 18 Oct, 2007 12:00am

Soyaoil futures at 23-year high

The Chicago Board of Trade soybean market set back on Tuesday after its recent charge higher on the government's outlook for a smaller US soy crop, traders said. "The market is under pressure from the rains in South America. The coverage is a little bette
Published 18 Oct, 2007 12:00am

Airbus hit by fresh plane delivery delays

Airbus euphoria over finally delivering its A380 superjumbo was dampened Wednesday by news the European planemaker's new A400M military transport plane will be delayed by at least six months. Delivery of the first A400Ms to the French airforce will be mov
Published 18 Oct, 2007 12:00am

CBoT rice slumps

Chicago Board of Trade rough rice futures tumbled to three-week low Tuesday on follow-through speculative selling, tracking the weakness in the wheat market, traders said. Most of the CBOT agricultural markets were down on a setback from recent highs, inc
Published 18 Oct, 2007 12:00am

Record oil rally stalls

Oil''s record rally stalled on Wednesday after an Opec minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia. US crude settled down 21 cents at $87.40 a barrel - its first loss in se
Published 18 Oct, 2007 12:00am

Indonesian palm oil market holds no auctions

Indonesia had no crude palm oil auction on Wednesday because of Eid-ul-Fitr holidays in some parts and lack of fresh leads, but cooking oil prices rose tracking gains in Malaysia where the Eid holiday has ended.
Published 18 Oct, 2007 12:00am

Record oil rally stalls

Oil's record rally stalled on Wednesday after an Opec minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia. US crude settled down 21 cents at $87.40 a barrel - its first loss in sev
Published 18 Oct, 2007 12:00am

Malaysia palm oil drops

Malaysian palm oil futures fell 2 percent on Wednesday as easing prices for rival crude oil in Asian trade promoted players to book profits on palm oil's surge to record highs the day before. The benchmark January contract on the Bursa Malaysia Derivative
Published 18 Oct, 2007 12:00am

Record oil rally stalls

Oil's record rally stalled on Wednesday after an Opec minister said the group could not rule out another output hike and may call an early formal meeting next month in Saudi Arabia. US crude settled down 21 cents at $87.40 a barrel - its first loss in sev
Published 18 Oct, 2007 12:00am

Opec exports jump 609,000 barrels per day in September

Opec seaborne oil exports, excluding Angola, jumped 609,000 barrels per day (bpd) in September versus August, one of the biggest monthly increases this year, Lloyd's Marine Intelligence Unit (LMIU) data showed on Wednesday.
Published 18 Oct, 2007 12:00am

CCoP to take up KESC payments issue today

The Cabinet Committee on Privatisation (CCoP) is scheduled to meet here on Thursday to take up Karachi Electric Supply Corporation''s (KESC) default on Water and Power Development Authority (Wapda) and other departments'' payments. The CCoP will also revi
Published 18 Oct, 2007 12:00am

Air France, Delta lead charge on Heathrow

Air France expects combined annual revenues of $8 billion from a joint venture it announced with Delta Air Lines on Wednesday, in the biggest shake-up in the transatlantic market in years. They plan to share routes linking major US cities and Europe start
Published 18 Oct, 2007 12:00am

CCoP to take up KESC payments issue today

The Cabinet Committee on Privatisation (CCoP) is scheduled to meet here on Thursday to take up Karachi Electric Supply Corporation's (KESC) default on Water and Power Development Authority (Wapda) and other departments' payments. The CCoP will also review
Published 18 Oct, 2007 12:00am

EU and Russia need strong ties, WTO big step: Mandelson

The European Union and Russia must get over their post-Cold War problems and a big step forward would be for Russia to move quickly towards joining the World Trade Organisation, the EU's trade chief said.
Published 18 Oct, 2007 12:00am

CCoP to take up KESC payments issue today

The Cabinet Committee on Privatisation (CCoP) is scheduled to meet here on Thursday to take up Karachi Electric Supply Corporation's (KESC) default on Water and Power Development Authority (Wapda) and other departments' payments. The CCoP will also review
Published 18 Oct, 2007 12:00am

Coca-Cola profit tops estimates

Coca-Cola Co said on Wednesday quarterly profit rose a better-than-expected 13 percent on strong international sales, the weak dollar and a lower tax rate. The world's largest beverage company, which makes Powerade sports drink and Dasani bottled water in
Published 18 Oct, 2007 12:00am

Japan suspends beef imports from US plant

Japan has suspended beef imports from a US meatpacking plant that violated a bilateral accord aimed at limiting the threat from mad cow disease, the government said Wednesday. The farm ministry said part of a consignment of beef from a Cargill Inc plant i
Published 18 Oct, 2007 12:00am

India, South Africa, Brazil vow joint fight for world's poor

The leaders of emerging powerhouses India, South Africa and Brazil pledged to work together on Wednesday to ensure a better deal for developing nations as they seek a common voice on the world stage.
Published 18 Oct, 2007 12:00am

BMW inaugurates major exhibition space to boost image

German luxury carmaker BMW inaugurated Wednesday "BMW Welt," a giant exhibition and auto delivery space designed to boost the brand's prestige in an increasingly competitive market. The steel and glass building covers 10,000 square meters (107,600 square
Published 18 Oct, 2007 12:00am

US home starts at 14-year low, CPI up

US home construction starts fell in September to their lowest level in more than 14 years, while consumer prices rose at the sharpest rate in four months, separate reports showed on Wednesday. Weak housing data boosted US government bond prices and the US
Published 18 Oct, 2007 12:00am

Intel profit, outlook beat expectations

Intel Corp posted a 43 percent rise in quarterly profit on strong sales of microprocessors for notebook computers and it gave a better-than-expected outlook, sending shares up 5 percent.
Published 18 Oct, 2007 12:00am

ECB members keep rate rise flag flying

Three members of the ECB kept the focus on inflation control on Wednesday, doing nothing to counter the impression promoted by German member Axel Weber that the next move in euro zone interest rates may be upwards.
Published 18 Oct, 2007 12:00am

Philippines posts budget deficit in September

After three consecutive months of surpluses, the Philippines posted a budget deficit of 14.5 billion pesos (326.3 million dollars) in September, the government said Wednesday. The September figure brought the cumulative budget deficit for the first nine m
Published 18 Oct, 2007 12:00am

Munich Re to buy US insurer Midland for $1.3 billion

German reinsurance company Munich Re will buy speciality insurance company Midland Co for $1.3 billion as part of its drive to boost profitability in the United States. The world's second-biggest reinsurer said on Wednesday it would pay $65 per share for
Published 18 Oct, 2007 12:00am

Altria profit beats estimates

Altria Group Inc parent of the Philip Morris tobacco companies, posted quarterly profit that beat Wall Street estimates, helped by higher prices in the United States and the weaker dollar. The company also raised its forecast for full-year earnings, citin
Published 18 Oct, 2007 12:00am

Construction Bank chief says US shutting out China banks

The chairman of one of China's top banks criticised US authorities Wednesday for obstructing Chinese lenders trying to establish a presence in America and accused them of "unequal treatment".
Published 18 Oct, 2007 12:00am

Danone posts weak third quarter

French food group Danone posted its weakest third-quarter results in six years on Wednesday but kept its full-year outlook and said it saw no repeat of soaring milk prices in 2008, boosting its shares.
Published 18 Oct, 2007 12:00am

China's 2007 trade surplus likely to exceed $250 billion

China's 2007 trade surplus is likely to exceed 250 billion dollars while consumer inflation was likely to top four percent, state media reported Wednesday, citing a central bank official. "The major problems China's economy is facing include overly rapid
Published 18 Oct, 2007 12:00am

Singapore key exports up 2.2 percent in September

Singapore's key exports rose a mild 2.2 percent in September as higher shipments of pharmaceuticals helped counter a sustained fall in exports of computer parts and other electronic goods, the government said Wednesday. The increase in non-oil domestic ex
Published 18 Oct, 2007 12:00am

Internet preparing to go into outer space

After expanding across Earth, the Internet is now set to spread into outer space to reach parts no network has gone before, one of its co-creators predicted Wednesday. Vinton Cerf said the proposed "interplanetary" Internet would allow people an ability "
Published 18 Oct, 2007 12:00am

Manila's controversial international terminal 'to open next year'

Manila airport's mothballed international passenger terminal, dogged by controversy and claims of corruption, should open in late 2008 five years after it was built, officials said Wednesday.
Published 18 Oct, 2007 12:00am

North Korea seeks market access through Cambodia

North Korea is seeking access to world markets through investing in Cambodia, a top Cambodian minister said Wednesday, adding that the two countries would ink their first trade deal next month.
Published 18 Oct, 2007 12:00am

Howard tells central bank to focus on jobs, not inflation

Prime Minister John Howard set up a potential clash with the central bank Wednesday as economists predicted a damaging interest rate hike in the midst of campaigning for a November 24 election.
Published 18 Oct, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Karachi Cotton PKR/37.32 KG / Sep 20	18,935
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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