News Archives for Print - 2007-11-06

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

The world's biggest bank Citigroup named ex-US Treasury chief Robert Rubin as its new chairman Sunday, replacing Charles Prince who retired as it posted massive losses from the subprime mortgage crisis.

Published 06 Nov, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

Citigroup names new chief

The world's biggest bank Citigroup named ex-US Treasury chief Robert Rubin as its new chairman Sunday, replacing Charles Prince who retired as it posted massive losses from the subprime mortgage crisis.

Published 06 Nov, 2007 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

Lawyers, journalists, human rights activists held in crackdown

With heavy contingents of security personnel deployed in the city hundreds of lawyers, journalists and human rights activists were baton-charged and arrested on Monday. Journalists and activists of various political parties and human rights organisations

Published 06 Nov, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

Lawyers, journalists, human rights activists held in crackdown

With heavy contingents of security personnel deployed in the city hundreds of lawyers, journalists and human rights activists were baton-charged and arrested on Monday. Journalists and activists of various political parties and human rights organisations

Published 06 Nov, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

NCCPL launches risk management framework for IDS transactions

The National Clearing Company of Pakistan Limited (NCCPL) has announced launching of "Financial Institutions'' Margining System" (FIMS). The NCCPL has developed a complete risk management framework for Institutional Delivery System (IDS) transactions afte

Published 06 Nov, 2007 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

NCCPL launches risk management framework for IDS transactions

The National Clearing Company of Pakistan Limited (NCCPL) has announced launching of "Financial Institutions' Margining System" (FIMS). The NCCPL has developed a complete risk management framework for Institutional Delivery System (IDS) transactions after

Published 06 Nov, 2007 12:00am

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 (November 05, 2007).

Published 06 Nov, 2007 12:00am

NCCPL launches risk management framework for IDS transactions

The National Clearing Company of Pakistan Limited (NCCPL) has announced launching of "Financial Institutions' Margining System" (FIMS). The NCCPL has developed a complete risk management framework for Institutional Delivery System (IDS) transactions after

Published 06 Nov, 2007 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

$2 billion potential investment in jeopardy

Political instability has started taking its toll on around $2 billion potential investment in mega projects of dairy, cattle farming and livestock by a Qatari firm, Business Recorder learnt here on Monday.

Published 06 Nov, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

$2 billion potential investment in jeopardy

Political instability has started taking its toll on around $2 billion potential investment in mega projects of dairy, cattle farming and livestock by a Qatari firm, Business Recorder learnt here on Monday.

Published 06 Nov, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

$2 billion potential investment in jeopardy

Political instability has started taking its toll on around $2 billion potential investment in mega projects of dairy, cattle farming and livestock by a Qatari firm, Business Recorder learnt here on Monday.

Published 06 Nov, 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 Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

'Judiciary created hurdles': Musharraf briefs diplomats

President General Pervez Musharraf on Monday, briefing foreign diplomats based in Islamabad, about the current situation in the country said that the superior judiciary had paralysed various organs of the State and created impediments in the fight against

Published 06 Nov, 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 Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

'Judiciary created hurdles': Musharraf briefs diplomats

President General Pervez Musharraf on Monday, briefing foreign diplomats based in Islamabad, about the current situation in the country said that the superior judiciary had paralysed various organs of the State and created impediments in the fight against

Published 06 Nov, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

Germany calls for Pakistan to hold elections

Germany reacted with alarm on Monday to the emergency rule imposed in Pakistan, urging General Pervez Musharraf to stick to plans to hold elections in January. "The president of Pakistan should return to the planned timetable to hold elections in January

Published 06 Nov, 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 06 Nov, 2007 12:00am

Netherlands stops aid

The Netherlands has suspended aid to Pakistan after President Pervez Musharraf imposed emergency rule, Dutch Development Aid Minister Bert Koenders said on Monday. "This is a dramatic coup d'etat that we strongly disapprove of and that undermines Pakistan

Published 06 Nov, 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 06 Nov, 2007 12:00am

Netherlands stops aid

The Netherlands has suspended aid to Pakistan after President Pervez Musharraf imposed emergency rule, Dutch Development Aid Minister Bert Koenders said on Monday. "This is a dramatic coup d'etat that we strongly disapprove of and that undermines Pakistan

Published 06 Nov, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (November 05, 2007).

Published 06 Nov, 2007 12:00am

Troops shell militants in Swat

Security forces Monday fired artillery shells at a stronghold of a pro-Taliban cleric in Swat, where clashes last week killed scores of people, officials said. The forces, based in Matta town in the scenic Swat Valley, began shelling nearby Pir Killy vill

Published 06 Nov, 2007 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Nov, 2007 12:00am

US to keep up joint Pak-Afghan border operations: Pentagon

Washington and Islamabad will keep up joint military operations along the border with Afghanistan despite the turmoil rocking Pakistan, US defence officials said Monday. "As far as I know, with respect to our borders operations co-ordination, our military

Published 06 Nov, 2007 12:00am

Redefining Telephony

Access Technology is the key concern for efficient business operations in corporate communications. Wateen Telecom is a global pioneer for its deployment of the largest commercial network on cutting edge WiMAX technology. Backed by the latest IMS (IP Mult

Published 06 Nov, 2007 12:00am

US suspends defence talks

The United States said on Monday it had suspended defence talks with anti-terror ally Pakistan and Defence Secretary Robert Gates demanded the country return swiftly to democracy after emergency rule. Eric Edelman, US under-secretary of defence for policy

Published 06 Nov, 2007 12:00am

WATEEN World's 1st Nation-wide WiMAX Rollout: WiMax - The Future Is Green!

Wateen Telecom is the first company in the world to roll-out a WiMAX network at a country-wide scale. With globally renowned partners such as Motorola and Cisco the stage is set to revolutionise the way you use technology! With Wateen Telecom's network, y

Published 06 Nov, 2007 12:00am

US suspends defence talks

The United States said on Monday it had suspended defence talks with anti-terror ally Pakistan and Defence Secretary Robert Gates demanded the country return swiftly to democracy after emergency rule. Eric Edelman, US under-secretary of defence for policy

Published 06 Nov, 2007 12:00am

WATEEN Moving Content for Your Business - Make Your Business a Single Connected Entity

The perpetually changing dynamics of the marketplace has made information and communication technology a critical resource to sustain competitive advantage. Multiple sources of data information repositories remain disparate for lack of consolidation simpl

Published 06 Nov, 2007 12:00am

CFS Mk-II launching soon: SECP chief

Securities and Exchange Commission of Pakistan (SECP) Chairman Razi-ur-Rehman Khan has said implementation of the CFS Mk-II at the stock exchange will be announced very soon. He said this while talking to media at the launching of Financial Institutions'

Published 06 Nov, 2007 12:00am

Products Portfolio

The Abu Dhabi group's vision has always been to make quality services available and accessible to all our valued customers. In Pakistan, United Bank Limited, Bank Alfalah and Warid Telecom have been successfully working towards these goals by providing wo

Published 06 Nov, 2007 12:00am

Imposition of emergency rule: Moody''s may downgrade debt ratings

Moody''s Investors Service revised Pakistan''s ratings outlook to negative from stable on Monday, saying the imposition of emergency rule by President Pervez Musharraf during the weekend "represents a further erosion in governing capacity."

Published 06 Nov, 2007 12:00am

Oil cake market rates

Sluggish business was again seen in the forward cottonseed oilcake market on Monday as many buyers kept to the sidelines, dealers said. The December vaida opened with Rupee four gain at Rs 547 and market closed at the same rate, they said.

Published 06 Nov, 2007 12:00am

Imposition of emergency rule: Moody's may downgrade debt ratings

Moody's Investors Service revised Pakistan's ratings outlook to negative from stable on Monday, saying the imposition of emergency rule by President Pervez Musharraf during the weekend "represents a further erosion in governing capacity."

Published 06 Nov, 2007 12:00am

Prices range bound in modest trading on cotton market

Modest trading was seen on the cotton market on Monday and prices remained range bound as political uncertainty kept both the buyers and sellers in grip of apprehensions, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged

Published 06 Nov, 2007 12:00am

Imposition of emergency rule: Moody's may downgrade debt ratings

Moody's Investors Service revised Pakistan's ratings outlook to negative from stable on Monday, saying the imposition of emergency rule by President Pervez Musharraf during the weekend "represents a further erosion in governing capacity."

Published 06 Nov, 2007 12:00am

Chemicals move both ways on Jodia Bazaar

The trading on chemicals moved both ways on Jodia Bazaar here on Monday. The following variations were noted.

Published 06 Nov, 2007 12:00am

Musharraf must restore democracy: Bush

US President George W. Bush on Monday strongly urged Pervez Musharraf to end a state of emergency imposed over US objections and "restore democracy as quickly as possible." "We expect there to be elections as soon as possible, and that the president shoul

Published 06 Nov, 2007 12:00am

CIF Gulf corn and soyabean hold steady

US Gulf CIF basis values for corn and soyabeans held steady Monday amid routine eexport interest, traders said. Barge freight on major Midwest rivers was unchanged after dropping last week as movement slowed down as farmers wrapped up harvesting their cro

Published 06 Nov, 2007 12:00am

Musharraf must restore democracy: Bush

US President George W. Bush on Monday strongly urged Pervez Musharraf to end a state of emergency imposed over US objections and "restore democracy as quickly as possible." "We expect there to be elections as soon as possible, and that the president shoul

Published 06 Nov, 2007 12:00am

Ivory Coast cocoa arrivals up

Cocoa arrivals at ports in Ivory Coast reached around 227,000 tonnes between October 1 and November 4, compared to 102,536 tonnes in the same period a year earlier, exporters estimated on Monday. The exporters estimated 54,000 tonnes of beans had arrived

Published 06 Nov, 2007 12:00am

India festival gold sales seen rising

India's gold sales during the forthcoming period of peak festival demand are expected to rise by 10-15 percent from a year ago due to the bullish trend in the metal, a World Gold Council official said on Monday.

Published 06 Nov, 2007 12:00am

Cuba struggling to salvage sugar crop

Cuba began draining tens of thousands of hectares of sugar cane and repairing thousands of kilometres of roadway and rails over the weekend to limit damage to the coming sugar harvest in the wake of Tropical Storm Noel.

Published 06 Nov, 2007 12:00am

HRW wheat bids holding steady

US Plains hard red winter wheat basis bids were holding steady on Monday amid only scattered spot mill demand, merchants said. Protein premiums for railcar wheat to and through Kansas City were 1 cent a bushel higher for ordinary wheat and 3 cents firmer

Published 06 Nov, 2007 12:00am

US Midwest corn bids rise in West

Spot basis bids for corn rose at processors and elevators west of the Mississippi River but were mostly steady at locations in the eastern US Midwest, grain dealers said on Monday. Cash bids for soyabeans and wheat were mostly unchanged on Monday.

Published 06 Nov, 2007 12:00am

Singapore bunker fuel prices rise

Singapore bunker prices edged up on Monday, while its discount to fuel oil cargo values held steady. Prices for the 380-centistoke (cst) grade were pegged at $489-$491 a tonne, up $2 from the previous session, while the discount remained unchanged at $3.5

Published 06 Nov, 2007 12:00am

Seeds, wheat, sugar prices higher on grain market

Seeds, wheat and sugar prices were higher on the grain market on Monday as supply from upcountry was tight stations, dealers said. On the seeds side, cottonseed oilcake low type was up by Rs 10 to Rs 1500 and good type gained Rs 50 to 1550, they said. Cak

Published 06 Nov, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 202,172 tonnes cargo including 142,098 tonnes import, 60,074 tonnes export cargo and 3,282 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.

Published 06 Nov, 2007 12:00am

Shanghai copper falls

Shanghai copper fell nearly 1 percent, while London futures pared losses as rising stocks, slowing demand and a weakened chart picture dulled the outlook for base metals. January's copper contract, the most active on the Shanghai Futures Exchange, fell 0.

Published 06 Nov, 2007 12:00am

Gold off 28-year high

Gold dropped on Monday to track sliding crude oil prices but held firm above $800 due to a weak US dollar and strong fundamentals, which could soon help the metal retest a record high of $850.

Published 06 Nov, 2007 12:00am

Malaysian tin drifts lower

Malaysian tin fell on Monday, retreating further from last week's record highs as a technical correction against London Metal Exchange prices and a lack of buyers weighed on the market, one dealer said.

Published 06 Nov, 2007 12:00am

Oil slips on profit-taking

Oil prices fell on Monday, pulling back from previous session's 2.5 percent surge, as easing tensions in the Middle East encouraged investors to take profits. US light crude for December delivery fell 63 cents to $95.30 a barrel.

Published 06 Nov, 2007 12:00am

South Korea feed makers buy 90,000 tonnes of US corn

South Korea's Major Federal Group has bought 90,000 tonnes of US corn, traders said on Monday. The group agreed to buy 45,000 tonnes of corn at $292.25 per tonne, including cost and freight, from Mitsubishi Corp and the other 45,000 tonnes of corn at $293

Published 06 Nov, 2007 12:00am

Indian soyaoil futures soften

Indian soyaoil futures fell on Monday as new crop soyabean arrivals rose while festival demand for oils in the physical market eased. At 2:15 pm (0845 GMT), the November futures contract on the National Commodity and Derivatives Exchange was down 0.62 per

Published 06 Nov, 2007 12:00am

Downward trend on Australian wool market

The Australian wool market finished 2.1 percent lower, on average, at sales in Sydney, Melbourne and Fremantle last week, as the US exchange rate rose by 3.1 percent. The AWEX EMI fell by 21c (-2.2 percent), ending the week at 953c/kg.

Published 06 Nov, 2007 12:00am

Indonesian crude palm oil hits new record

Indonesian crude palm oil prices rose 0.7 percent to a record high of 7,928 rupiah ($0.868) a kg on Monday, boosted by gains in Malaysian crude palm oil futures. The state marketing centre, which sells palm oil from state plantations, sold crude palm oil

Published 06 Nov, 2007 12:00am

Asian physical rubber prices

Asian physical rubber prices rose on Monday, tracking rises of futures contract prices on the Tokyo Commodity Exchange to 16-month highs. There were several inquiries from Tyremakers, but not many deals were done due to high prices and trade was not very

Published 06 Nov, 2007 12:00am

Tocom rubber up

Tokyo rubber futures ended higher on Monday as prices of other commodities, especially oil, rose but profit taking limited gains. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery rose 1.3 yen, or 0.4 percent to settle at 30

Published 06 Nov, 2007 12:00am

Malaysian palm oil futures up

Malaysian crude palm oil futures yielded little ground on Monday, without any positive leads to push the market past the 3,000 ringgit level, traders said. Prices of palm oil, used in products ranging from confectioneries to cosmetics to befoul, are a tou

Published 06 Nov, 2007 12:00am

Bangladesh to build metro system

Bangladesh plans to build an underground railway in Dhaka in the next five years at a cost of one billion dollars to ease traffic in one of the world's most congested capitals, an official said Monday.

Published 06 Nov, 2007 12:00am

UK's Tesco opens long-awaited first US store

Tesco, the world's third-largest retailer, has begun its long-awaited launch in the United States, opening its first store near Los Angeles. Britain's most successful retailer opened its "Fresh & Easy Neighbourhood Market" convenience chain in the small c

Published 06 Nov, 2007 12:00am

Sub-Saharan economies at 30-year high: IMF

Africa's sub-Sahara region is enjoying its strongest economic growth and its lowest inflation in more than three decades, the International Monetary Fund said on Monday. "Recent economic performance shows that sub-Sahara Africa is experiencing its stronge

Published 06 Nov, 2007 12:00am

PetroChina becomes top-valued firm

PetroChina became the world's largest company by market value on Monday, worth about one trillion dollars or double the value of ExxonMobil, as its share price nearly tripled on its debut in mainland China.

Published 06 Nov, 2007 12:00am

PetroChina becomes top-valued firm

PetroChina became the world's largest company by market value on Monday, worth about one trillion dollars or double the value of ExxonMobil, as its share price nearly tripled on its debut in mainland China.

Published 06 Nov, 2007 12:00am

British economy shows symptoms of slowdown

Evidence is mounting that the credit crunch and higher borrowing costs are damaging Britain's economy, with surveys on Monday showing service sector growth at a four-year low and the manufacturing recovery faltering.

Published 06 Nov, 2007 12:00am

EU debates common energy strategy

European representatives gathered Monday in Prague to discuss if a "nuclear energy renaissance" was feasible to cut the European Union's dependence on imported energy. "This discussion is necessary to confront our shortfall," Czech Prime Minister Mirek To

Published 06 Nov, 2007 12:00am

Kuwaiti oil minister steps down

Kuwait's Oil Minister Bader Mishari al-Humaidhi, who has been under fire from opposition MPs, has resigned, a senior minister said on Monday. "Prime Minister Sheikh Nasser Mohammad al-Ahmad al-Sabah today informed the council of ministers of the acceptanc

Published 06 Nov, 2007 12:00am

Qatar fund ditches $22 billion bid for Sainsbury

A Qatari fund has ditched plans for a 10.6 billion-pound ($22 billion) bid for British retailer J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees. Shares in Sainsbury, Britain's third-biggest su

Published 06 Nov, 2007 12:00am

Qatar fund ditches $22 billion bid for Sainsbury

A Qatari fund has ditched plans for a 10.6 billion-pound ($22 billion) bid for British retailer J Sainsbury, blaming worsening credit markets and the cost of winning support from the firm's pension trustees. Shares in Sainsbury, Britain's third-biggest su

Published 06 Nov, 2007 12:00am

Shareholders seal ArcelorMittal merger amid protest

ArcelorMittal, the world's largest steelmaker, received a final go-ahead from investors on Monday for the merger between ex-rivals Mittal Steel and Arcelor amid protests from minority shareholders.

Published 06 Nov, 2007 12:00am

UK and France preach calm after Citi bombshell

Britain and France rushed to offer reassurance on Monday that their economies and banking systems would ride out global credit turmoil after Citigroup said it could write off $11 billion of subprime mortgage losses. But European shares headed south as ana

Published 06 Nov, 2007 12:00am

Airbus faces new costly delay

Aerospace group EADS warned on Monday that delays to its Airbus military aircraft will cost up to 2.0 billion dollars as it grapples with an insider trading scandal and costly setbacks to its A380 superjumbo.

Published 06 Nov, 2007 12:00am

WHO chief urges greater access to medicines in poor countries

The head of the World Health Organisation on Monday said it was vital that patients in poor countries are not denied access to medicines against diseases like HIV/AIDS and tuberculosis on cost grounds.

Published 06 Nov, 2007 12:00am

Gramercy to buy American Financial for $1.1 billion

Real estate finance company Gramercy Capital Corp agreed to buy American Financial Realty Trust for about $1.1 billion in cash and stock, the companies said on Monday. New York-based Gramercy is buying American Financial's common stock for $5.50 per share

Published 06 Nov, 2007 12:00am

Tiger Airways, Incheon city to launch budget airline

A new South Korea-based budget carrier owned by Singapore's Tiger Aviation, which runs Tiger Airways, and Incheon city expects to start flights within the next 12 months, a company executive said Monday.

Published 06 Nov, 2007 12:00am

Chile's growth and price data could allow rate hold

Chile's economy grew more slowly than expected in September and inflation eased last month, according to reports on Monday that should take pressure off Chile's central bank to raise its interest rates.

Published 06 Nov, 2007 12:00am

'Indonesia risks importing inflation from oil'

Indonesia faces a risk of imported inflation from high oil prices, although capital flows and an appreciation of the rupiah currency could help cushion the impact, the country's central bank governor said on Monday.

Published 06 Nov, 2007 12:00am

Bayer suspends global sale of Trasylol

Six years after it was hit by problems with the anti-cholesterol drug Lipobay/Baycol, German chemicals and pharmaceutical group Bayer said Monday it would suspend global sales of its anti-bleeding treatment Trasylol.

Published 06 Nov, 2007 12:00am

China warns mutual funds against 'blind expansion'

China's securities regulator has warned fund managers to steer clear of "blind expansion," state media reported Monday, as officials step up efforts to cool the red-hot domestic stock market.

Published 06 Nov, 2007 12:00am

China warns mutual funds against 'blind expansion'

China's securities regulator has warned fund managers to steer clear of "blind expansion," state media reported Monday, as officials step up efforts to cool the red-hot domestic stock market.

Published 06 Nov, 2007 12:00am

China Eastern says about to sign Singapore deal

China Eastern Airlines said its Shanghai and Hong Kong-listed shares were suspended from Monday because it was about to sign a previously announced deal for Singapore Airlines to take a stake in it. A brief statement by China Eastern released in Shanghai

Published 06 Nov, 2007 12:00am

Baltic foreign exchange pegs make euro path tricky

Currency pegs are turning into stumbling blocks in the euro adoption path for Latvia, Estonia and Lithuania, but the three are unlikely either to abandon the regimes or to devalue as they struggle with economic imbalances. Pegging their currencies to the

Published 06 Nov, 2007 12:00am

Qatar Commercial bank aims for top spot

The Commercial Bank of Qatar, the country's second-biggest lender, aims to almost double its return on assets in the next few years to be the most profitable bank in Qatar. "We want to have the best ratios in Qatar. Our aim is to be No 1," Deputy Chief Ex

Published 06 Nov, 2007 12:00am

Port of Rotterdam eyes Oman expansion

Rotterdam port is planning to invest in a 170 million euro ($246 million) expansion of a port in Oman, even as it enlarges its own facilities to accommodate increased traffic from Asia, its president said.

Published 06 Nov, 2007 12:00am

UK financial sector dominance exaggerated

The importance of Britain's financial services sector is overstated and only 3.5 percent of UK economic output is likely to be directly affected by the credit squeeze, according to US investment bank Goldman Sachs. While the broad category "financial and

Published 06 Nov, 2007 12:00am

German reinsurer Munich Re sees possible record profit in 2007

The German reinsurance group Munich Re raised its full year net profit target slightly on Monday, targeest reinsurance company worldwide, said net profit in 2007 "could slightly surpass" its previous estimation of between 3.5 and 3.8 billion euros (5.1-5.

Published 06 Nov, 2007 12:00am

Raw material prices spark China inflation concern

Fast-rising oil, steel and coal prices are adding to inflationary pressure in China, the country's top economic planning agency said on Friday. "At present, continuous increases in material prices are not only boosting production costs but also putting ex

Published 06 Nov, 2007 12:00am

Japanese government bonds trim gains

Japanese government bond futures slipped on Monday, retreating from a two-month high on selling of midterm maturates after investors felt a rally in the middle to short end of the yield curve had gone too far.

Published 06 Nov, 2007 12:00am

Japanese government bonds trim gains

Japanese government bond futures slipped on Monday, retreating from a two-month high on selling of midterm maturates after investors felt a rally in the middle to short end of the yield curve had gone too far.

Published 06 Nov, 2007 12:00am

Indonesian shares lower

Indonesian share prices closed 2.1 percent lower Monday as a slump in key regional markets prompted investors to lock in gains after last week's strong rally, dealers said. Caution was also evident ahead of the central bank's policy board meeting on inter

Published 06 Nov, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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