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Print - 2007-10-30
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday October 29, 2007

Published 30 Oct, 2007 12:00am
EU concerned over Israel sanctions on Gaza

EU concerned over Israel sanctions on Gaza

A top EU official expressed concern on Monday about Israel's economic sanctions on the Gaza Strip, urging restraint and saying the measures could bolster extremists in the Hamas-run territory.
Published 30 Oct, 2007 12:00am
Iran seeks nuclear weapons: US

Iran seeks nuclear weapons: US

The United States on Monday brushed aside the UN nuclear watchdog agency chief's warning that there was no proof Iran seeks atomic weapons, and invited him to stay out of diplomacy with Tehran.
Published 30 Oct, 2007 12:00am
Sterling strengthens

Sterling strengthens

Sterling strengthened against the euro and dollar on Monday, trading above $2.06 for the first time in three months and to within half a cent of a fresh 26-year high as traders bet British interest rates won't fall as fast as US ones.
Published 30 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Dollar sags to new lows in London

Dollar sags to new lows in London

The dollar sagged to a record low against the euro and a basket of major currencies on Monday, pressured by expectations of a Federal Reserve interest rate cut this week and perhaps another reduction by the end of the year.
Published 30 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Canadian dollar hits 47-year high

Canadian dollar hits 47-year high

The Canadian dollar reached on Monday a 47-year high versus the US greenback, gaining on the US currency's recent weakness, as well as soaring demand for oil and other natural resources. At 1500 GMT, the American dollar was worth only 95.47 Canadian dolla
Published 30 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Indian rupee inches up

Indian rupee inches up

The Indian rupee inched towards its highest in more than 9-« years on Monday, but most gains from record-breaking shares were offset by strong dollar demand from oil refiners and an engineering and construction firm.
Published 30 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Yuan posts biggest gain

Yuan posts biggest gain

China's yuan jumped 0.3 percent against the dollar on Monday, its biggest daily gain since its July 2005 revaluation, which dealers said might show the central bank was priming markets for slightly faster appreciation next year.
Published 30 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
European credit markets tighten

European credit markets tighten

European credit spreads tightened on Monday, lifted by rising stocks and upbeat market sentiment ahead of an anticipated US interest rate cut. By 1614 GMT, the iTraxx Crossover index, made up of 50 mostly speculative-grade credits, was at 320 basis points
Published 30 Oct, 2007 12:00am
European credit markets tighten

European credit markets tighten

European credit spreads tightened on Monday, lifted by rising stocks and upbeat market sentiment ahead of an anticipated US interest rate cut. By 1614 GMT, the iTraxx Crossover index, made up of 50 mostly speculative-grade credits, was at 320 basis points
Published 30 Oct, 2007 12:00am
THE RUPEE: euro continues upward march

THE RUPEE: euro continues upward march

The euro continued its surge versus the rupee in open market on Monday, gaining another 13 paisa for buying and selling at Rs 87.10 and 87.18, dealers said. The rupee, however, did not move any side against dollar for buying and selling Rs 60.70 and Rs 60
Published 30 Oct, 2007 12:00am
THE RUPEE: euro continues upward march

THE RUPEE: euro continues upward march

The euro continued its surge versus the rupee in open market on Monday, gaining another 13 paisa for buying and selling at Rs 87.10 and 87.18, dealers said. The rupee, however, did not move any side against dollar for buying and selling Rs 60.70 and Rs 60
Published 30 Oct, 2007 12:00am
European shares higher on Fed rate view

European shares higher on Fed rate view

European stocks notched up a third successive session of gains on Monday, helped by commodity shares that rose on higher crude prices and a mining sector take-over, and as investors bet on a US rate cut this week. The pan-European FTSEurofirst 300 index o
Published 30 Oct, 2007 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures settled higher Monday on spillover investment fund buying coming from the firm tone of other commodity markets, and brokers say fibre contracts may try to build on those gains this week. ICE Futures open-outcry December cotton added 0.14 ce
Published 30 Oct, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
London coffee, cocoa and sugar rise

London coffee, cocoa and sugar rise

London robusta coffee futures finished mostly higher on Monday with nearby positions rising on renewed concern about a supply squeeze for the November contract and emerging talk about tightness for January, dealers said.
Published 30 Oct, 2007 12:00am
Copper down after wage deal

Copper down after wage deal

Copper closed lower on Monday after a major wage deal, having risen to its highest level in over a week as the dollar tumbled on growing speculation of a US rate cut, boosting sentiment in commodity markets. AnalysSouthern Copper, one of the world's large
Published 30 Oct, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Oct, 2007 12:00am
Strong start for Ghana cocoa harvest

Strong start for Ghana cocoa harvest

Ghana's 2007/2008 cocoa crop has opened strongly in its first week, despite some minor delays involving offloading of truck deliveries at ports and bank payments for purchases, buyers and officials said. They said Licensed Buying Companies (Lbws) had show
Published 30 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 30 Oct, 2007 12:00am
Gold races towards $800, platinum hits record

Gold races towards $800, platinum hits record

Gold rallied to its highest level in 28 years on Monday and targeted $800 an ounce as oil surged to a record peak and the dollar tumbled on speculation over a US interest rate cut. Other metals also jumped before easing in late trading, with platinum sett
Published 30 Oct, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Oct, 2007 12:00am
Fire breaks out in cloth, cotton yarn godowns

Fire breaks out in cloth, cotton yarn godowns

A large quantity cloths and cotton yarn hoarded in two godowns in Lal Mills (Factory area) and Nabha Road area were reduced into ashes in two separate fire incidents. Fire tenders of Fire Brigade Department rushed to the scenes of fire and extinguished th
Published 30 Oct, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Oct, 2007 12:00am
Poultry moot on November 9

Poultry moot on November 9

Pakistan Poultry Association (PPA) Punjab zone has arranged a two-day 'International Poultry Congress and Exhibition' at the Jinnah Convention Centre in Islamabad on November 9 and 10. PPA patron in-chief Haji Muhammad Bashir and chairman Shahid Mahmood D
Published 30 Oct, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 10, 2007).

Published 30 Oct, 2007 12:00am
Reconciliation should continue

Reconciliation should continue

The homecoming of PPP chairperson and former prime minister Benazir Bhutto ending her eight and half years self-exile on October 18 was the first manifestation of the national reconciliation which President General Pervez Musharraf has recently initiated
Published 30 Oct, 2007 12:00am
Operation in Swat

Operation in Swat

Reports about military operation in Swat are quite disturbing in more than one respects. The caretaker Provincial Government of NWFP has deployed a large number of paramilitary and police personnel in the troubled district of Swat to what has been describ
Published 30 Oct, 2007 12:00am
Suicidal attacks: role of religious institutions

Suicidal attacks: role of religious institutions

It is the job of institutions involved in religious education to teach people at large not to engage in suicidal attacks as this is not allowed in Islam. The very word Islam means peace and non-violence.
Published 30 Oct, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Oct, 2007 12:00am
Fourth successive year of sustained high growth in economy: SBP

Fourth successive year of sustained high growth in economy: SBP

Reproduced alongside is the executive summary of State Bank of Pakistan Annual Report 2006-07 released by SBP Governor Dr Shamshad Akhtar on Monday. Pakistan''s economy witnessed a moderate recovery during FY07 with real GDP growth reaching the 7.0 percen
Published 30 Oct, 2007 12:00am
Fourth successive year of sustained high growth in economy: SBP

Fourth successive year of sustained high growth in economy: SBP

Reproduced alongside is the executive summary of State Bank of Pakistan Annual Report 2006-07 released by SBP Governor Dr Shamshad Akhtar on Monday. Pakistan's economy witnessed a moderate recovery during FY07 with real GDP growth reaching the 7.0 percent
Published 30 Oct, 2007 12:00am
Fourth successive year of sustained high growth in economy: SBP

Fourth successive year of sustained high growth in economy: SBP

Reproduced alongside is the executive summary of State Bank of Pakistan Annual Report 2006-07 released by SBP Governor Dr Shamshad Akhtar on Monday. Pakistan's economy witnessed a moderate recovery during FY07 with real GDP growth reaching the 7.0 percent
Published 30 Oct, 2007 12:00am
Another person-specific law

Another person-specific law

It has been several months since the despatch of a draft bill for approval to the President that is tailored to benefit the incumbent Prime Minister. So far the President has rightly chosen to ignore it.
Published 30 Oct, 2007 12:00am
Show-casing Pakistan's economy

Show-casing Pakistan's economy

Economic managers of the government on their recent visit to Washington to participate in the annual meetings of the IMF and the World Bank tried to assure the international community that the economy of the country is performing well and the present econ
Published 30 Oct, 2007 12:00am
Shaikh elected as ICID vice president

Shaikh elected as ICID vice president

Engineer D I B Shaikh, Chief Engineering Advisor/Chairman Federal Flood Commission, Ministry of Water and Power has been elected as Vice President of the International Commission on Irrigation and Drainage (ICID), in an election recently held in USA, amon
Published 30 Oct, 2007 12:00am
ARL qualifies as finalist for Platts Energy Awards

ARL qualifies as finalist for Platts Energy Awards

Attock Refinery Limited (ARL) has qualified as a finalist for the 2007 Platts Global Energy Awards, in the category Community Development Programme of the year. The winner name will be announced in November 2007 in New York, USA.
Published 30 Oct, 2007 12:00am
Anti-polio drive in Bahawalpur

Anti-polio drive in Bahawalpur

A three-day anti polio campaign would be started here on Tuesday (October 30) to save the children under five years of age from the crippling disease of polio.
Published 30 Oct, 2007 12:00am
PTA launches 'Rabta Ghar'

PTA launches 'Rabta Ghar'

The Pakistan Telecommunication Authority (PTA) has launched the pilot phase of Rural Telecentre Project called 'Rabta Ghar', PTA sources said on Monday. The sources said in the pilot phase, a total of 32 Rabta Ghar are being established in five districts
Published 30 Oct, 2007 12:00am
German band concert

German band concert

Peeru's café and the Annemarie-Schimmel-Haus have arranged a concert of German band Lychee Lassi on Tuesday. The group's performance will be part of Peeru's ongoing cultural activities, including Sufi Night, Rock Night and Jazz Night attracting national a
Published 30 Oct, 2007 12:00am
Powerful diplomatic drive for Kashmir resolution stressed

Powerful diplomatic drive for Kashmir resolution stressed

Jammu & Kashmir Peoples Muslim League Chief and former AJK Prime Minister Barrister Sultan Mahmood Chaudhry on Monday emphasised the need for launching an aggressive diplomatic campaign at international fora to boost global pressure for early peaceful res
Published 30 Oct, 2007 12:00am
Aitzaz vows to uphold rule of law

Aitzaz vows to uphold rule of law

Aitzaz Ahsan backed by the Professional Group won the Supreme Court Bar Association presidency for 2007-08 when he defeated his rival candidate Barrister Zafarrullah by 864 votes. The official result will be announced on October 31.
Published 30 Oct, 2007 12:00am
Metro Cash, Carry to open first wholesale centre today

Metro Cash, Carry to open first wholesale centre today

The Metro Cash and Carry will open its first wholesale centre in Lahore on Tuesday. "Pakistan is the 29th country, where the international market leader in self-service wholesale is present. Metro's concept is tailored to the special needs of Pakistani co
Published 30 Oct, 2007 12:00am
SCBA members urged to deposit insurance fee by November 15

SCBA members urged to deposit insurance fee by November 15

The Supreme Court Bar Association has told bar members to deposit their insurance fee by November 15. In its meeting the bar has extended the last date and told the members to deposit a cheque of Rs 34,000 with their application to the bar office.
Published 30 Oct, 2007 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (October 29, 2007).
Published 30 Oct, 2007 12:00am
PPP leaders join PML-Q

PPP leaders join PML-Q

A ticket holder of the Pakistan People's Party (PPP) from NA-85 Faisalabad Haji Bilal Noor Ansari and party leader Haji Riaz Ahmad Ansari expressed their confidence in the leadership of PML Chief Chaudhry Shujaat Hussain and Chief Minister Pervaiz Elahi a
Published 30 Oct, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Rs 6.28 million Tameer Punjab projects approved

Rs 6.28 million Tameer Punjab projects approved

The Provincial Steering Committee approved nine new development projects under the Tameer Punjab Programme costing Rs 6.28 million. The committee met here on Monday with Local Government Minister Muhammad Basharat Raja chairing it.
Published 30 Oct, 2007 12:00am
'UPF should start social welfare projects in Pakistan'

'UPF should start social welfare projects in Pakistan'

Pak-India Peace Initiatives President Awais Sheikh was honoured with the Ambassador of Peace award jointly by the Universal Peace Federation (UPF) and the Inter-religious International Federation for World Peace (IIFWP) for his services for restoration of
Published 30 Oct, 2007 12:00am
LCCI chief for proper enforcement of economic policies

LCCI chief for proper enforcement of economic policies

Despite having its best policies in the world, Pakistan has been suffering on the economic front only because of poor-level of implementation of the same, Lahore Chamber of Commerce and Industry (LCCI) President Shahid Hassan Sheikh told a 86-member Natio
Published 30 Oct, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Lufthansa resumes operation

Lufthansa resumes operation

Lufthansa resumed its flight operations from Pakistan with LH658 flight landing at the Allama Iqbal International Airport here on Monday after its stopover at the Karachi Airport.
Published 30 Oct, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 29, 2007).
Published 30 Oct, 2007 12:00am
Transporters threaten strike

Transporters threaten strike

Pakistan Motors Transport Federation (PMTF) President Haji Naseer Ahmad Butt has warned the Punjab government that transport organisations will go on a two-day strike on November 12 and 13, if the government refuses to drop the traffic rules violation fin
Published 30 Oct, 2007 12:00am
Livestock projects reviewed

Livestock projects reviewed

A meeting of the Livestock and Dairy Development was held on Monday to review the development projects with the Additional Secretary Livestock, Mushtaq Ahmad in chair. The meeting reviewed the ongoing projects and directed concerned officers to complete t
Published 30 Oct, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Sheikhupura Chamber of Commerce meets today

Sheikhupura Chamber of Commerce meets today

A general body meeting of Sheikhupura Chamber of Commerce and Industry (SCCI) will be held on Tuesday to discuss various crucial issues, including the menace of power load shedding.
Published 30 Oct, 2007 12:00am
Nokia holds music competition

Nokia holds music competition

Nokia, the world leader in mobility, held the grand finale of the Nokia spotlight talent competition in music at Lok Virsa on Sunday. The music contests included vocal, music bands and instrument categories brought young musicians from colleges and univer
Published 30 Oct, 2007 12:00am
Javed Jabbar escapes injury

Javed Jabbar escapes injury

Former senator and information minister Javed Jabbar, who accidentally tripped and fell in his hotel room on Sunday, was declared injury-free by doctors here. "I am fine," Jabbar told APP after undergoing a check-up at a hospital where he was taken after
Published 30 Oct, 2007 12:00am
'PPP to hold Chaudhrys accountable'

'PPP to hold Chaudhrys accountable'

Opposition leader in the Punjab Assembly and Pakistan People's Party leader Qasim Zia has said his party will hold accountable to the "Chaudhrys" after coming into power. Qasim told reporters here on Monday that the Punjab chief minister was spending mill
Published 30 Oct, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (October 29, 2007).

Published 30 Oct, 2007 12:00am
Six percent fall in sales tax collection

Six percent fall in sales tax collection

Sales tax collection, at Rs 3.3 billion, fell six percent short of the Rs 3.5 billion target set for the first quarter of current fiscal year. Sources in Sales Tax House told Business Recorder here on Monday that the amount collected during the qua
Published 30 Oct, 2007 12:00am