News Archives for Print - 2007-11-19

Asia growth on track despite high energy costs: ADB

Asian economic growth will remain strong this year and in 2008 despite higher energy costs and recent market turbulence, Asian Development Bank president Haruhiko Kuroda said ON November 17.

Published 19 Nov, 2007 12:00am

VAM plans overseas fund listing

Vietnam Asset Management (VAM), part owned by Dubai Investment Group, plans to list its flagship fund in Singapore or London next year to raise up to $200 million, its chairman told Reuters on November 16.

Published 19 Nov, 2007 12:00am

VAM plans overseas fund listing

Vietnam Asset Management (VAM), part owned by Dubai Investment Group, plans to list its flagship fund in Singapore or London next year to raise up to $200 million, its chairman told Reuters on November 16.

Published 19 Nov, 2007 12:00am

Fortis Japan to target public pensions and oil money

An arm of Belgian-Dutch financial services group Fortis, Fortis Asset Management Japan Co, which began operations on November 12, is targeting Japan's 200 trillion yen ($1,811 billion) public pension funds to expand its business.

Published 19 Nov, 2007 12:00am

Fortis Japan to target public pensions and oil money

An arm of Belgian-Dutch financial services group Fortis, Fortis Asset Management Japan Co, which began operations on November 12, is targeting Japan's 200 trillion yen ($1,811 billion) public pension funds to expand its business.

Published 19 Nov, 2007 12:00am

Goldman Sachs to buy stake in Chinese tool maker

China will allow Goldman Sachs to buy a share in a local tool maker after it rejected two earlier plans for the US investment bank to buy into Chinese companies, a statement said on November13.

Published 19 Nov, 2007 12:00am

Goldman Sachs to buy stake in Chinese tool maker

China will allow Goldman Sachs to buy a share in a local tool maker after it rejected two earlier plans for the US investment bank to buy into Chinese companies, a statement said on November13.

Published 19 Nov, 2007 12:00am

Warsaw bourse seeks foreign partner

The Warsaw bourse is looking to enter into a strategic alliance with one of the world's main stock exchanges to help cement its leading position in post-communist Europe, its chief executive said on November 12.

Published 19 Nov, 2007 12:00am

NEC posts smaller loss

Japanese electronics group NEC Corp posted a smaller first-half loss on November 14 on lower costs to make cellphones and microchips, and it stuck to its full-year forecast. NEC, which also makes servers, computers and telecom equipment, reported a net lo

Published 19 Nov, 2007 12:00am

NEC posts smaller loss

Japanese electronics group NEC Corp posted a smaller first-half loss on November 14 on lower costs to make cellphones and microchips, and it stuck to its full-year forecast. NEC, which also makes servers, computers and telecom equipment, reported a net lo

Published 19 Nov, 2007 12:00am

Rosneft to hike output 60 percent by 2015

Russia's largest oil firm, Rosneft, plans to boost its oil output by almost 60 percent in seven years with growth powered by assets acquired from bankrupt company YUKOS, its president Sergei Bogdanchikov said on November 12.

Published 19 Nov, 2007 12:00am

Rosneft to hike output 60 percent by 2015

Russia's largest oil firm, Rosneft, plans to boost its oil output by almost 60 percent in seven years with growth powered by assets acquired from bankrupt company YUKOS, its president Sergei Bogdanchikov said on November 12.

Published 19 Nov, 2007 12:00am

China may take 5-10 years to hit global M&A big time

The global credit squeeze has pushed more deal makers away from banks and towards alternative sources of funding such as China, but politics could hamper for years Beijing's ambition to make a major corporate acquisition.

Published 19 Nov, 2007 12:00am

China may take 5-10 years to hit global M&A big time

The global credit squeeze has pushed more deal makers away from banks and towards alternative sources of funding such as China, but politics could hamper for years Beijing's ambition to make a major corporate acquisition.

Published 19 Nov, 2007 12:00am

Mittal's third quarter core profit beats forecast

ArcelorMittal, the world's largest steelmaker, reported on November 14 a 12 percent rise in its third-quarter core profit, above some forecasts and allowing it to raise its dividend.

Published 19 Nov, 2007 12:00am

Mittal's third quarter core profit beats forecast

ArcelorMittal, the world's largest steelmaker, reported on November 14 a 12 percent rise in its third-quarter core profit, above some forecasts and allowing it to raise its dividend.

Published 19 Nov, 2007 12:00am

Petrobras exits Venezuela project

Brazilian state oil company Petrobras said it no longer plans an investment in a Venezuelan gas project which analysts said had been stalled due to disagreements on how to use the gas. "Mariscal Sucre, we are out of the project," Petrobras CEO Jose Sergio

Published 19 Nov, 2007 12:00am

Unilever sees Chinese 2007 sales at 800 million euros

Unilever expects its sales in China to rise 20 percent and reach 800 million euros ($1.2 billion) this year to push the proportion of its sales from fast growing developing and emerging markets (D&E) for the consumer goods giant close to 50 percent.

Published 19 Nov, 2007 12:00am

Unilever sees Chinese 2007 sales at 800 million euros

Unilever expects its sales in China to rise 20 percent and reach 800 million euros ($1.2 billion) this year to push the proportion of its sales from fast growing developing and emerging markets (D&E) for the consumer goods giant close to 50 percent.

Published 19 Nov, 2007 12:00am

Lee strikes as Aussies take grip on second Test

Australia were on track to stretch their winning Test run to 14 matches here Sunday with victory expected over beleaguered Sri Lanka in the second cricket Test at Bellerive Oval.

Published 19 Nov, 2007 12:00am

Czech, Slovak premiers back to host 2020 championships

The Czech and Slovak prime ministers backed the idea of a joint bid to host the 2020 European football championships during a joint television interview on Sunday. "I welcome this idea, football is a fantastic representation and is a great advertisement f

Published 19 Nov, 2007 12:00am

Monty our number one: England coach

Monty Panesar received a timely boost ahead of the Test series against Sri Lanka when England coach Peter Moores installed him as the team's number one spinner ahead of Graeme Swann.

Published 19 Nov, 2007 12:00am

Vintage Federer wins fourth Masters Cup

World number one Roger Federer beat Spain's David Ferrer 6-2 6-3 6-2 with a vintage display to win his fourth Masters Cup title on Sunday. Federer's victory at the season-ending eight-man tournament put him level with Ilie Nastase and one behind the recor

Published 19 Nov, 2007 12:00am

'Croatia would be happy with Wembley draw'

Croatia coach Slaven Bilic said his team would be happy with a draw against England at Wembley on Wednesday, a result that would send the home side to Euro 2008 alongside their opponents.

Published 19 Nov, 2007 12:00am

Italy proud to advance, annoyed to help French

Italy reproduced some of their World Cup winning form to battle past Scotland in the driving rain and partisan atmosphere of Glasgow on Saturday. Christian Panucci's late header secured a 2-1 victory which sent Italy and France to Euro 2008 after a tricky

Published 19 Nov, 2007 12:00am

Volleyball World Cup: Aussies beat South Korea, US stuns Brazil

Asian champions Australia beat South Korea on the opening day of the men's World Cup volleyball tournament on Sunday. Asian bronze medallists South Korea were 14-13 up in the final set before Australia finally took control for a hard-fought 22-25, 25-20,

Published 19 Nov, 2007 12:00am

Steyn destroys Kiwis as South Africa clinch series

Dale Steyn claimed his second successive ten-wicket haul as South Africa crushed New Zealand by an innings and 59 runs on the third day of the second and final Test against New Zealand at Centurion Park Sunday.

Published 19 Nov, 2007 12:00am

Priaulx clinches world title hat-trick

Briton Andy Priaulx won a third successive world touring car title on Sunday, steering his BMW to victory on the twisting streets of Macau in the season finale.

Published 19 Nov, 2007 12:00am

Nystrand bags second world record in two days in Berlin

Sweden's Stefan Nystrand broke a world record for the second time in two days when he swam 20.93 seconds in the 50 metres freestyle at a short course World Cup meeting on Sunday.

Published 19 Nov, 2007 12:00am

Malik sparkles in consolation win: India clinch series 3-2

Skipper Shoaib Malik top-scored with 89 and took three wickets as Pakistan defeated India by 31 runs in the fifth and final one-dayer on Sunday. Pakistan amassed 306 for six wickets after being asked to bat first and then bowled out India for 275 with a b

Published 19 Nov, 2007 12:00am

Singapore shares expected to rebound

Singapore share prices could rebound after slipping off record highs for more than a month, dealers said. For the week ended November 16, the main Straits Times Index finished 4.41 percent or 158.71 points lower at 3,440.96.

Published 19 Nov, 2007 12:00am

Malaysian shares expected to remain volatile

Malaysian share prices are likely to maintain their volatility next week, driven by oil price movements and a possible rate cut in the US, dealers said.

Published 19 Nov, 2007 12:00am

Philippines shares likely to remain subdued

Philippines share prices will remain subdued with investors stuck in a bearish mood due to pessimistic sentiment abroad, dealers said Friday. Not even favourable local corporate earnings or the Philippine central bank's decision on Thursday to cut key int

Published 19 Nov, 2007 12:00am

Taiwan equities set to consolidate after suffering

Taiwan share prices are set to consolidate after suffering a bout of losses against a backdrop of worries about the health of the US economy, dealers said on Friday. The stock market could have some technical support at around the 8,600 points level, they

Published 19 Nov, 2007 12:00am

JGB futures hit 22-month peak as stocks slide further

Japanese government bond futures punched to a 22-month high on Friday as stocks were on the ropes again due to ongoing credit market troubles, adding to doubts about when the Bank of Japan can next lift interest rates.

Published 19 Nov, 2007 12:00am

JGB futures hit 22-month peak as stocks slide further

Japanese government bond futures punched to a 22-month high on Friday as stocks were on the ropes again due to ongoing credit market troubles, adding to doubts about when the Bank of Japan can next lift interest rates.

Published 19 Nov, 2007 12:00am

Asian currencies mostly down against dollar

Asian currencies ended the week mostly down amid global credit market worries, though the yen continued to make gains and hovered near an 18-month high against the greenback.

Published 19 Nov, 2007 12:00am

Indian shares likely to correct further: dealers

Indian share prices are expected to be volatile and could correct further on persistent credit concerns in the US, dealers said. They said that fresh buying opportunities could be limited after a sharp run-up in 'momentum' stocks in recent weeks.

Published 19 Nov, 2007 12:00am

Hong Kong shares to rebound after rocky patch

Hong Kong share prices should rebound after a rocky patch, dealers said, but investors should be aware of the effect of restrictions on mainland money flowing into the territory. For the week to November 16 the Hang Seng index ended turbulent trade at 27.

Published 19 Nov, 2007 12:00am

Wall Street hopes for consumer splurge

US investors are keeping their fingers crossed that the legendary American consumer has not lost his or her appetite for spending ahead of the crucial pre-Christmas shopping season. Analysts say the approaching week will be of particular importance becaus

Published 19 Nov, 2007 12:00am

Thailand shares may trade narrowly

Thai share prices are expected to trade narrowly due to sustained worries over US credit market woes, dealers said. "The US subprime crisis will continue to weigh on the market. Investors are worried how long the crisis will continue," said Wiriya Lapprom

Published 19 Nov, 2007 12:00am

Jakarta shares expected to continue falling

Indonesian share prices are expected to fall next week, deepening a sharp drop experienced in trading Friday, dealers said. "I expect the market will continue to be on a down trend because of uncertainty regarding the US economy and the high oil price," s

Published 19 Nov, 2007 12:00am

Bangladesh interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday 68.60/68.61 (previous 68.61/68.61).

Published 19 Nov, 2007 12:00am

Australian shares may fall as correction continues

Australian share prices are expected to fall as a correction continues after last month's record highs, dealers said Friday. Over the week to November 16 the benchmark S&P/ASX 200 index fell 66.7 points or 1.3 percent to 6,461.9.

Published 19 Nov, 2007 12:00am

Tokyo shares brace for another tough situation

Japanese share prices face another tough week ahead, weighed down by worries over the US economy, a strong yen and a domestic corruption scandal that implicated the finance minister, brokers said Friday.

Published 19 Nov, 2007 12:00am

Investors waiting for BoE minutes for clues on rates

Investors here will pay close attention to minutes from the last meeting of Bank of England (BoE) policymakers, looking for clues to future interest rate movements. The FTSE 100 index of leading London Stock Exchange shares fell 13.7 points or 0.22 percen

Published 19 Nov, 2007 12:00am

Brown hits new opinion poll low

British Prime Minister Gordon Brown's approval ratings have hit their lowest level since he took over as premier in June, a Sunday Times/YouGov poll said. Brown has slumped 40 percentage points in the poll within a month-in October's poll, 59 percent thou

Published 19 Nov, 2007 12:00am

'Iran nuclear drive a grave threat'

Iran's controversial nuclear programme is one of the gravest threats currently facing the world, French Foreign Minister Bernard Kouchner was quoted as saying in an interview in Israel on Sunday.

Published 19 Nov, 2007 12:00am

Afghan operation kills, wounds 100 Taliban: police

Combined Afghan, Canadian and other troops backed by gunship helicopters killed or wounded about 100 Taliban in raids on a stronghold in southern Afghanistan, officials said Sunday.

Published 19 Nov, 2007 12:00am

Millions still waiting for aid in Bangladesh

Aid agencies in Bangladesh said Sunday they still had not reached many victims of the cyclone that killed thousands and left millions homeless and in desperate need of food, water and medicine.

Published 19 Nov, 2007 12:00am

Up to 10,000 perished

Up to 10,000 people are dead and millions homeless and hungry in cyclone-hit Bangladesh, officials said Sunday, as the army and aid workers battled to reach the devastated coast.

Published 19 Nov, 2007 12:00am

Five killed in Iraq

Insurgents killed at least 14 people across Iraq on Sunday, including five in a car bomb attack targeting a top finance ministry official, security officials said. Five people were killed and nine injured when a car bomb exploded alongside the finance min

Published 19 Nov, 2007 12:00am

Kosovo heading for grand coalition

Kosovo was heading for a likely grand coalition on Sunday to lead the province into a final showdown with Serbia on the ethnic Albanian majority's demand for independence.

Published 19 Nov, 2007 12:00am

Doubts linger as Syria shows Iraq border security

Syrian soldiers speed along the border with Iraq on truck patrols designed, officials say, to prevent Jihadists from Syria joining the insurgency on the other side. Others man elevated posts along the 600-km (375 mile) border, their machineguns pointed in

Published 19 Nov, 2007 12:00am

For Kurds, Iraq is a distant memory

In Iraq's autonomous Kurdish region the official line is clear: there is no question of declaring independence. But in the regional capital Arbil, Baghdad seems more distant each passing day. Bank notes, except where replaced by the US dollar, are the las

Published 19 Nov, 2007 12:00am

Israel pressed to make bolder moves before moot

The United States is pressing Israel to go beyond a planned partial settlement freeze and to raise the number of Palestinian prisoners to be freed before a peace conference, Israeli and Western officials said on Sunday.

Published 19 Nov, 2007 12:00am

Maoists' rally against monarchy

More than 3,000 Maoists rallied in Nepal's capital on Sunday to have the monarchy abolished in a protest a day before the winter session of parliament opens to debate the issue, witnesses said.

Published 19 Nov, 2007 12:00am

Jordan heads to polls

Jordan holds parliamentary elections on Tuesday, with economic challenges dominating the campaign and Islamists running in the polls after threatening a boycott. Nearly 2.5 million Jordanians will choose their representatives from about 885 candidates, in

Published 19 Nov, 2007 12:00am

Chavez to visit Iran

Venezuelan President Hugo Chavez was to arrive in Iran on Sunday for his latest visit to the Islamic republic, underlining the burgeoning ties between the two US foes. "Chavez will be arriving this evening accompanied by five ministers, including the fore

Published 19 Nov, 2007 12:00am

Ukraine mine blast kills 39

A gas explosion ripped through a notoriously dangerous Ukrainian coal mine on Sunday killing at least 39 miners and leaving dozens missing, the emergency situations ministry said. Rescuers were searching for 51 miners still unaccounted for after the blast

Published 19 Nov, 2007 12:00am

Cautious India keeps close eye on Pakistan

India is keeping a close but wary eye on the crisis besetting Pakistan, keen to avoid accusations of meddling, officials and analysts say. New Delhi has reacted cautiously to the developments in its western neighbour and nuclear-armed rival, offering cond

Published 19 Nov, 2007 12:00am

Pakistan shocked at Bangladeshi cyclone losses

Caretaker Prime Minister Mohammadmian Soomro has expressed deep shock at the precious loss of lives and property by the recent cyclone in Bangladesh. At least 2,000 people are now reported dead after a powerful cyclone ripped through southern and central

Published 19 Nov, 2007 12:00am

Partridges hunting season commences

The NWFP wildlife department has announced commencement of partridges shooting season 2007-08 in the province under Wildlife (Protection, Preservation, Conservation and Management) Act 1975. According to notification, partridges shooting will be allowed a

Published 19 Nov, 2007 12:00am

$5 billion refinery

This is with reference to a deal of US dollars 5 billion signed by the government for the construction of an oil refinery at Khalifa point in Hub with a capacity of 200,000 barrels per day. Worth noticing thing is that this is the single largest foreign i

Published 19 Nov, 2007 12:00am

Alternatives for PIA

There is no nuclear science involved in evaluating the cause for PIA's financial losses, nor any foreign consultant required to show you the path of recovery. I have been a keen observer of launching the Sialkot Airport project, which was necessitated by

Published 19 Nov, 2007 12:00am

Rover's Diary: act 3 approaching a sad end

Has the government changed at the end of last Thursday? On the face of it yes, but actually it is just change of faces, which everybody knows, in President-General Musharraf's government. All through the last seven years local and foreign leaders and medi

Published 19 Nov, 2007 12:00am

Tax in Code of Corporate Governance

Code of Corporate Governance (CCG) has become an integral part of limited companies listed on the registered stock exchanges in Pakistan and across the globe conservatively. CCG has come out from the mere box ticking approach to compliance with the CCG st

Published 19 Nov, 2007 12:00am

Amendment to PCO

General Pervez Musharraf has transferred the power to lift the state of emergency to President Pervez Musharraf by amending the Provisional Constitutional Order (PCO) which he as army chief promulgated earlier this month, basically to achieve certain obje

Published 19 Nov, 2007 12:00am

The worsening trade deficit

The haemorrhage continues. According to the official figures released by the Federal Bureau of Statistics (FBS) on 12th November, Pakistan's trade deficit swelled to 5.578 billion dollars during the first four months (July-October) of the current fiscal y

Published 19 Nov, 2007 12:00am

Late academic session: 85,000 students of class-XI likely to be affected

The academic future of some 85,000 first year (class-XI) students of Karachi colleges and higher secondary schools is likely to be affected due to starting their classes three months late this year.

Published 19 Nov, 2007 12:00am

CDGK for improving facilities in schools

District Coordination Officer (DCO) Karachi Javed Hanif Khan has directed education department of City District Government Karachi (CDGK) to improve infrastructure in all its schools besides streamlining management affairs.

Published 19 Nov, 2007 12:00am

Scheme 33: Nazim lays foundation stone of sewerage line project

Nazim Karachi Syed Mustafa Kamal has said that the project of scheme-33, initiated 31 year back and which suffered from stalemate and crisis, is being revived by spending huge funds and with a new planning so that relief is provided to people.

Published 19 Nov, 2007 12:00am

Indo-US nuclear pact not out of woods: analysts

A landmark pact with the United States aimed at bringing India into the global nuclear marketplace has won a reprieve, but the deal is not out of the woods yet, analysts say.

Published 19 Nov, 2007 12:00am

White House hopefuls get creative in donation pitches

US presidential candidates are trying to come up with new ways to raise money now to get them through the New Hampshire and Iowa nominating contests.

Published 19 Nov, 2007 12:00am

Income tax statements sought through banks headquarters

The Federal Board of Revenue (FBR) has asked the banks to file income tax statements only through the headquarters on behalf of all regional branches operating in the field formations. Sources told Business Recorder on Saturday that every branch of

Published 19 Nov, 2007 12:00am

PSPA elections on December 15

The annual elections of Pakistan Steel-line Pipe Industry Association (PSPA) will be held on December 15. Detailed schedule of the elections will be issued soon, said the Chairman, PSPA, Malik Tariq Mahmood while addressing a meeting here on Sunday. In th

Published 19 Nov, 2007 12:00am

Japan-US alliance struggling: media

Talks between Japanese Prime Minister Yasuo Fukuda and US President George W Bush reflected major challenges the bilateral alliance faces over issues including North Korea, local media said Sunday. The first summit talks between Fukuda and Bush "tried to

Published 19 Nov, 2007 12:00am

Nestle's appoints new managing director for Pakistan

Trevor Clayton has been appointed as the new Managing Director for Nestle Pakistan Ltd to replace the outgoing MD Roland Decorvet with effect from December 1, this year. Clayton is currently Commercial Head in charge of Sales and Marketing in Nestle Indoc

Published 19 Nov, 2007 12:00am

KSI demands free and fair polls

Leaders of Karachi Shehri Ittehad (KSI) feared on Sunday that transparent, free and fair elections could not be held under caretaker government, which they termed an extension of the Q-League.

Published 19 Nov, 2007 12:00am

K&N's awarded Brands of Year Award 2006

A leading name of Pakistan's poultry industry K&N's has been awarded Brands of the Year Award 2006 which was received by its chief executive Khalil A. Sattar. Brands of the Year Award is a national brand recognition award based on voting by consumers in n

Published 19 Nov, 2007 12:00am

Memon terms clashes in Parachinar as most unfortunate

Federal Minister for Information and Broadcasting Nisar A. Memon on Sunday termed the incidents of Parachinar as 'most unfortunate' saying the Muslims from different sects had been living peacefully in the area in a tolerant atmosphere for so many years.

Published 19 Nov, 2007 12:00am

EHL assigned A, PE1- ratings

The JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned preliminary medium to long-term rating A (Single A) to the proposed Sukuks of Rs 2 billion (with additional green shoe option of Rs 1 billion) of Eden Housing Limited (EHL) with 'Stable' outlook

Published 19 Nov, 2007 12:00am

EHL assigned A, PE1- ratings

The JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned preliminary medium to long-term rating A (Single A) to the proposed Sukuks of Rs 2 billion (with additional green shoe option of Rs 1 billion) of Eden Housing Limited (EHL) with 'Stable' outlook

Published 19 Nov, 2007 12:00am

Over 5.89 million bales reach ginneries

Over 5.89 million cotton bales have reached ginneries throughout the country till November 15, 2007, according to a fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here on Sunday.

Published 19 Nov, 2007 12:00am

Socio-economic conditions of Tharis deplorable

Professor Muhammad Iqbal Bhanger Director National Centre of Excellence Analytical Chemistry (NCEAC) University of Sindh has said that the Thar desert of district Tharparkar lies in the south-eastern corner of Sindh.

Published 19 Nov, 2007 12:00am

Family Park Green Belt sixth in city: Kamal

City Nazim, Syed Mustafa Kamal has said that before the opening of Family Park Green Belt, Mehmoodabad, Jamshed Town, five family parks have already been opened for the public.

Published 19 Nov, 2007 12:00am

Revolutionary steps taken for rehabilitation of the poor: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that his government has taken revolutionary steps for rehabilitation of poor people of the society during the last five years due to which the living standard of people has improved.

Published 19 Nov, 2007 12:00am

PBTE awards medals to position holders

Punjab Board of Technical Education (PBTE) is striving hard for promotion of technical education not only in the province of Punjab, but also in the Azad Kashmir and Northern Areas. A number of 753 institutes are affiliated with PBTE.

Published 19 Nov, 2007 12:00am

Fahim calls for opposition participation in APC

Pakistan Peoples Party Parliamentarian Chairman Makhdoom Amin Fahim has said that all opposition parties should take part in the PPPP All Parties Conference to be held on November 21. Talking to newsmen on Sunday, Amin Fahim suggested that the opposition

Published 19 Nov, 2007 12:00am

Police recover two abductees, arrest kidnapper

Shafiqabad Police have recovered two boys who were kidnapped for ransom of Rs 2 million and also arrested the accused. Police said that on Friday last, Imran Rasheed and his minor cousin Marzooq went to eat sweets to bazaar but did not return home. In the

Published 19 Nov, 2007 12:00am

Level-playing field for all political parties: Nisar

Caretaker Federal Minister for Information and Broadcasting Senator Nisar A Memon Sunday said that the interim government would provide level-playing fields to all the political parties taking part in the forthcoming general elections.

Published 19 Nov, 2007 12:00am

Emergency to be lifted before polls: Shujaat

Pakistan Muslim League-Q President Chaudhry Shujaat Hussain has said the emergency would be lifted before the upcoming elections as the PML does not need it and it would win the polls on basis of its performance.

Published 19 Nov, 2007 12:00am

Soomro arrives

Caretaker Prime Minister Mohammadmian Soomro arrived here on Sunday night. Governor Punjab Lieutenant-General Khalid Maqbool (Retd), provincial chief secretary and other senior officials received him at the Lahore airport.

Published 19 Nov, 2007 12:00am

Killing of slain journalist's widow, ban on TV channels condemned

Journalists, members of civil society, human rights and political activists continued on Sunday protest against ban on two independent news TV channels as well as curbs on media.

Published 19 Nov, 2007 12:00am

Benazir demands probe into murder of Hayatullah's widow

Former prime minister and chairperson of the Pakistan Peoples Party (PPP) Mohtarma Benazir Bhutto has condemned the brutal murder of the wife of tribal journalist Hayatullah and demanded a thorough probe into the matter and arrest of the culprits involved

Published 19 Nov, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Karachi Cotton PKR/37.32 KG / Dec 26	17,785
Petrol/Litre / Dec 27	252.10

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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