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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-11-22
Troops reach cut off cyclone survivors in Bangladesh

Troops reach cut off cyclone survivors in Bangladesh

Bangladesh's army said Wednesday it had finally reached most parts of its cyclone-hit southern coastline where millions of desperate survivors were at risk from starvation and disease.
Published 22 Nov, 2007 12:00am
50 Taliban killed

50 Taliban killed

Afghan police and US-led coalition forces killed more than 50 Taliban militants in fighting in southern Afghanistan, the government said Wednesday. The "terrorists" were killed in clashes in the volatile Charchino district of Uruzgan province over the pas
Published 22 Nov, 2007 12:00am
Car bomb in Ramadi kills six

Car bomb in Ramadi kills six

A car bomb killed at least six people, including women and children, in the Iraqi city of Ramadi on Wednesday in a rare attack on a region that has become one of the safest in the country. Major Mohammed Arak said a parked car exploded outside a courthous
Published 22 Nov, 2007 12:00am
Sabotage hits French railways, strike continues

Sabotage hits French railways, strike continues

Saboteurs staged a co-ordinated attack on France's high-speed rail network early on Wednesday, causing nation-wide delays to services already hit by an eight-day transport strike, the SNCF state railways said.
Published 22 Nov, 2007 12:00am
Petition condemns Iran for 'disorder in southern Iraq

Petition condemns Iran for 'disorder in southern Iraq

More than 300,000 Iraqis including 600 Shia tribal leaders have signed a petition accusing Iran of sowing "disorder" in southern Iraq, a group of sheikhs involved in the campaign said. The sheikhs showed Reuters two thick bundles of notes, which contained
Published 22 Nov, 2007 12:00am
Putin slams foreign governments for backing rivals

Putin slams foreign governments for backing rivals

President Vladimir Putin, using Cold War rhetoric, accused foreign governments on Wednesday of sponsoring his opponents in next month's election to weaken Russia and carry out "dirty tricks" against it.
Published 22 Nov, 2007 12:00am
US to freeze troop reduction plan in Europe

US to freeze troop reduction plan in Europe

US Defence Secretary Robert Gates has decided to halt plans to scale back army troops in Europe and will keep more than 40,000 in Germany and Italy, The New York Times reported Wednesday.
Published 22 Nov, 2007 12:00am
China puts out 50-year-old fire

China puts out 50-year-old fire

Firefighters in north-western China have extinguished a fire that had burned in an underground coal seam for a half-century, state media reported on Wednesday. It took firefighters more than three years to put out the blaze by drilling into the burning co
Published 22 Nov, 2007 12:00am
Israel lends support to Abbas ahead of Annapolis talks

Israel lends support to Abbas ahead of Annapolis talks

Israel stepped up efforts on Wednesday to bolster Palestinian President Mahmoud Abbbas before next week's Middle East peace conference that is expected to launch formal negotiations on a Palestinian state.
Published 22 Nov, 2007 12:00am
Tony Blair in Riyadh

Tony Blair in Riyadh

Middle East peace envoy Tony Blair will hold talks in Riyadh with King Abdullah centred on a US drive to persuade Arabs to attend a conference next week on Israeli-Palestinian peace, government sources said on Wednesday.
Published 22 Nov, 2007 12:00am
Brown apologises over lost data

Brown apologises over lost data

Prime Minister Gordon Brown apologised on Wednesday for Britain's tax authority losing the personal details of nearly half the population in an error which has dealt a new blow to his Labour government.
Published 22 Nov, 2007 12:00am
Ahmadinejad rules out nuclear concessions

Ahmadinejad rules out nuclear concessions

President Mahmoud Ahmadinejad on Wednesday ruled out giving "the slightest concession" in Iran's atomic stand-off with the West, amid doubts over whether new talks with the European Union would go ahead. Ahmadinejad's remarks were the latest sign his gove
Published 22 Nov, 2007 12:00am
India and IAEA launch consultations over nuclear safeguards

India and IAEA launch consultations over nuclear safeguards

India and the UN nuclear watchdog formally launched consultations on Wednesday that are needed to secure a landmark nuclear deal between New Delhi and Washington. International Atomic Energy Agency chief Mohamed ElBaradei and the head of India's atomic en
Published 22 Nov, 2007 12:00am
Christian leader says Syria blocking Lebanon deal

Christian leader says Syria blocking Lebanon deal

Lebanon's main anti-Syrian Christian leader accused Syria and its allies on Wednesday of blocking a deal on a new president by threatening chaos if their preferred candidate was not elected. "Syria and its allies have shut the door on consensus despite al
Published 22 Nov, 2007 12:00am
India and China to hold first-ever wargames

India and China to hold first-ever wargames

India and China will hold their first wargames in December as part of a series of joint exercises between the two Asian neighbours who fought a war in 1962, an official announced Wednesday.
Published 22 Nov, 2007 12:00am
Israel launches anti-hijack pilot identification system

Israel launches anti-hijack pilot identification system

Israeli authorities plan to issue a new anti-hijack identification system to incoming aircraft which they say is foolproof, but some experts are not convinced it will plug all the security holes on the horizon.
Published 22 Nov, 2007 12:00am
'Afghanistan risks becoming divided state'

'Afghanistan risks becoming divided state'

Afghanistan is in "crisis" and risks becoming a divided state, as Taliban insurgents now control vast areas of unchallenged territory, a thinktank warned Wednesday. The Senlis Council called for the Nato-led force in the country to be doubled in size to 8
Published 22 Nov, 2007 12:00am
Deaths could top 388 million in next decade

Deaths could top 388 million in next decade

International health experts unveiled a master plan on Wednesday that they said could avert at least 36 million premature deaths worldwide from "lifestyle" diseases by 2015.
Published 22 Nov, 2007 12:00am
No pressure on me, says Kumble; Shoaib Malik confident

No pressure on me, says Kumble; Shoaib Malik confident

Veteran Indian leg-spinner Anil Kumble says he will not be under pressure when he makes his captaincy debut in the opening Test against Pakistan here on Thursday. The 37-year-old was named skipper for a three-Test series against Pakistan, replacing Rahul
Published 22 Nov, 2007 12:00am
Hair adamant he did nothing wrong in abandoned Test

Hair adamant he did nothing wrong in abandoned Test

Banished Australian umpire Darrell Hair said on Wednesday he had correctly handled last year's abandoned cricket Test between England and Pakistan, which became the first in history to be won by forfeit.
Published 22 Nov, 2007 12:00am
Shah Rukh to boycott India's cricket matches

Shah Rukh to boycott India's cricket matches

Bollywood superstar Shah Rukh Khan said he would boycott India's cricket matches after he was accused of using cricket events to promote his films. Khan's comments followed reports in the Indian media quoting officials from the Board of Control for Cricke
Published 22 Nov, 2007 12:00am
Nigerian cocoa risks ICCO ban over old sacks

Nigerian cocoa risks ICCO ban over old sacks

Nigeria risks being blacklisted by the International Cocoa Organisation if traders continue to export beans in old jute sacks, a top official of the Cocoa Association of Nigeria (CAN) said on Tuesday.
Published 22 Nov, 2007 12:00am
US MIDDAY: sugar steadies

US MIDDAY: sugar steadies

Raw sugar futures were flat in early business on Wednesday as players tweaked positions in front of the long holiday weekend, brokers said. ICE Futures electronic March sugar was flat at 9.75 cents per lb at 9:12 am EST (1412 GMT), trapped between 9.74 an
Published 22 Nov, 2007 12:00am
US MIDDAY: cocoa and coffee fall

US MIDDAY: cocoa and coffee fall

New York cocoa futures were lower early on Wednesday after a spike in prices during the previous session, and Arabica was slightly down, traders said. "We've seen some early weakness, I think because of the slightly stronger dollar. On the platform, it ap
Published 22 Nov, 2007 12:00am
Gold tests $800 after oil hits all-time high

Gold tests $800 after oil hits all-time high

Gold tested investor appetite above $800 an ounce on Wednesday, bringing recent 28-year highs back into view as oil topped $99 per barrel and the dollar hit record lows against the euro. With worries over the crisis in credit markets and slowing US growth
Published 22 Nov, 2007 12:00am
Metals tumble as demand worries deepen

Metals tumble as demand worries deepen

Concern about the fallout from credit losses and economic growth hit industrial metals prices on Wednesday, sending copper down 4 percent to an 8-month low. Zinc tumbled more than 6 percent and lead shed 4.4 percent while mining stocks in London such as B
Published 22 Nov, 2007 12:00am
India and China growth markets for gold

India and China growth markets for gold

Affluent urban dwellers in fast growing India and China are buying more gold jewellery, an international gold executive said on Tuesday. "Both countries are on the same page... both are labelled as growth regions (for gold)," said Albert L.H. Cheng, Manag
Published 22 Nov, 2007 12:00am
New York cotton futures settle mixed

New York cotton futures settle mixed

Cotton futures settled mixed on Wednesday in quiet pre-holiday business, with brokers saying the market will be looking at several factors next week to provide direction after the long holiday break. The market will be shut Thursday and Friday for Thanksg
Published 22 Nov, 2007 12:00am
Kenya coffee crop could be 30 percent lower

Kenya coffee crop could be 30 percent lower

Coffee berry disease will cut Kenya's coffee harvest in the 2007/08 crop year by 20 to 30 percent, based on internal forecasts, the Coffee Board of Kenya said on Tuesday. "So far I am looking at something between a 20 percent, 25 percent, 30 percent drop,
Published 22 Nov, 2007 12:00am
London coffee up; cocoa and sugar down

London coffee up; cocoa and sugar down

London cocoa futures ended lower on Wednesday as producer and speculative selling emerged after prices had earlier risen to the highest level in almost three weeks, dealers said. Robusta coffee ended mostly firm with the exception of the spot month which
Published 22 Nov, 2007 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures on the Chicago Board of Trade were called to open 2 to 4 cents higher on Wednesday on concerns about dry weather in the southern US Plains, traders said. The overnight trend for CBOT wheat was up 4-3/4 cents to down 1-3/4 cents, with Decembe
Published 22 Nov, 2007 12:00am
FTSE hits lowest level since August 17

FTSE hits lowest level since August 17

Britain's top share index slid 2.5 percent on Wednesday, led by banks and miners, as concerns over credit market strife and its impact on the wider economy gnawed at sentiment though buoyant oil lifted energy stocks.
Published 22 Nov, 2007 12:00am
Bonds: iTraxx hits life high

Bonds: iTraxx hits life high

European credit spreads surged wider on Wednesday to levels not seen since August, after the late-July peak in the credit market turmoil, led by financials as fears mounted about further writedowns and illiquidity. The iTraxx senior financials index hit a
Published 22 Nov, 2007 12:00am
Bonds: iTraxx hits life high

Bonds: iTraxx hits life high

European credit spreads surged wider on Wednesday to levels not seen since August, after the late-July peak in the credit market turmoil, led by financials as fears mounted about further writedowns and illiquidity. The iTraxx senior financials index hit a
Published 22 Nov, 2007 12:00am
Singapore shares sink

Singapore shares sink

Singapore share prices closed 2.65 percent lower Wednesday, mirroring regional losses on fears soaring oil prices could slow the US economy, dealers said. The main Straits Times Index slumped 91.07 points to 3,347.20 on volume of 1.83 billion shares worth
Published 22 Nov, 2007 12:00am
Wednesday's midday trade: markets plunge on credit

Wednesday's midday trade: markets plunge on credit

US stocks tumbled on Wednesday, driving the benchmark S&P 500 briefly into negative territory for the year, on fears that the credit crisis and fallout from the housing slump will hurt economic growth, while a surge in fuel costs threatened to squeeze hol
Published 22 Nov, 2007 12:00am
Malaysian shares down

Malaysian shares down

Malaysian share prices closed down 0.9 percent Wednesday in line with regional markets as investors fretted over the health of the US economy and rising oil prices, dealers said. They said the loss was made worse by the steep fall of national carmaker Pro
Published 22 Nov, 2007 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee eased to its lowest in more than a week on Wednesday as oil prices stayed near record levels and a fifth successive fall in the stock market heightened concerns that foreigners were withdrawing funds.
Published 22 Nov, 2007 12:00am
Dollar touches record low

Dollar touches record low

The dollar hit a record low against the euro and a basket of major currencies on Wednesday and the yen rose sharply as concerns on the health of the US economy and global credit markets saw investors flee risky carry trades.
Published 22 Nov, 2007 12:00am
Sterling hits another low

Sterling hits another low

Sterling fell to 72 pence per euro for the first time in 4-1/2 years on Wednesday after Bank of England minutes backed expectations that interest rates will be cut before too long. Two of the nine policymakers voted for a cut this month, with the rest bac
Published 22 Nov, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 22, 2007.
Published 22 Nov, 2007 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
India tests SAM missile near Pakistan border

India tests SAM missile near Pakistan border

India has tested an air defence missile at a site close to its tense border with Pakistan where it conducted a string of nuclear detonations in 1998, officials said on Wednesday.
Published 22 Nov, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
Balach Marri killed

Balach Marri killed

Security forces killed the leader of a banned group blamed for a deadly insurgency in Balochistan, a spokesman for the group said on Wednesday. Balach Marri, identified by authorities as the leader of the Balochistan Liberation Army, was killed in a milit
Published 22 Nov, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
Balach Marri killed

Balach Marri killed

Security forces killed the leader of a banned group blamed for a deadly insurgency in Balochistan, a spokesman for the group said on Wednesday. Balach Marri, identified by authorities as the leader of the Balochistan Liberation Army, was killed in a milit
Published 22 Nov, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
US Consul General visits KPC

US Consul General visits KPC

US Consul-General Kay L Anske visited the offices of the ARY television network and Karachi Press Club on Wednesday and expressed US government's 'grave concern' over the orders of the Government of Pakistan to suppress the news media and arrests o
Published 22 Nov, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
Seminar on 'media and social responsibility' held

Seminar on 'media and social responsibility' held

The unity of media as well as the civil society is essential at the present time to educate the people on the 'fraud' being perpetrated in the name of elections, which would allow the PML-Q party to win and president Musharraf would be able to show the wo
Published 22 Nov, 2007 12:00am
President condoles on Bangladesh cyclone losses

President condoles on Bangladesh cyclone losses

President General Pervez Musharraf on Wednesday telephoned Dr Fakhruddin Ahmed, Chief Advisor of the People's Republic of Bangladesh and expressed his condolence on the loss of life and property by cyclone. The President said that the people of Pakistan s
Published 22 Nov, 2007 12:00am
Journalists demand end to emergency, curbs on media

Journalists demand end to emergency, curbs on media

Journalist community here Wednesday slammed emergency and curbs on media and vowed to resist the dictatorship bravely. The Karachi Union of Journalists (KUJ) organised a protest meeting at Karachi Press Club (KPC), here as a part of Pakistan Federal Union
Published 22 Nov, 2007 12:00am
SCO to commission digital exchanges in Northern Areas and AJK

SCO to commission digital exchanges in Northern Areas and AJK

After successful commissioning of modern 1000 lines digital exchange of at Athmuqaam, District Neelum, Special Communications Organisation (SCO) working on providing a these facilities to Northern Areas and Azad Jammu and Kashmir.
Published 22 Nov, 2007 12:00am
Ishrat Hussain for integrated efforts to alleviate poverty

Ishrat Hussain for integrated efforts to alleviate poverty

Integrated efforts are needed for poverty alleviation as micro-credit schemes alone cannot rid the country of this threat, Dr Ishrat Hussain, former Governor, State Bank of Pakistan and Chairman National Commission for Government Reforms said.
Published 22 Nov, 2007 12:00am
Soomro assures all-out assistance to ECP for fair polls

Soomro assures all-out assistance to ECP for fair polls

Caretaker Prime Minister Mohammadmian Soomro has reiterated his administration's firm resolve to assist the Election Commission in every manner required to ensure the fairness and transparency of the forthcoming elections.
Published 22 Nov, 2007 12:00am
World Performing Arts Festival begins today

World Performing Arts Festival begins today

The Rafi Peer Theatre Workshop and Telenor Pakistan have joined hands to present Asia's biggest cultural festival, 'World Performing Arts Festival 2007'.
Published 22 Nov, 2007 12:00am
PTCL introduces VMS

PTCL introduces VMS

The newly introduced Voice Messaging Service (VMS) of Pakistan Telecommunication Company Limited (PTCL) would enable customers to get messages even when they are away from their landline.
Published 22 Nov, 2007 12:00am
Mushaira held by Bazm-e-Nou

Mushaira held by Bazm-e-Nou

Bazm-e-Nou (Pakistan) has been organised Mushairas for the last five decades on monthly basis on the third Sunday of every month. Mushtaq Shabnum, who is the founder, manages to continue his efforts to promote art and culture, introduce new talents for Ur
Published 22 Nov, 2007 12:00am
Police arrest over 20 journalists in Quetta

Police arrest over 20 journalists in Quetta

Police on Wednesday detained over 20 journalists after thrashing them with batons, who were protesting against curb on media and ban on independent TV channels. Journalists wanted to march toward the Governor's House from Press Club Quetta in protest agai
Published 22 Nov, 2007 12:00am
'Hashmi being detained in Class B'

'Hashmi being detained in Class B'

All permitted facilities are being provided to detained PML-N leader Makhdoom Javed Hashmi in Central Jail Mianwali, said the jail superintendent. In a statement issued here on Wednesday he refuted a news item alleging mistreatment of the opposition leade
Published 22 Nov, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 22 Nov, 2007 12:00am
Imran Khan released

Imran Khan released

The Punjab government has released Pakistan Tehreek-e-Insaf chief Imran Khan from the Dera Ghazi Khan Prison on Wednesday, after being held under the anti-terror laws. Sources here said that the authorities freed him on medical ground since he has been on
Published 22 Nov, 2007 12:00am
British High Commissioner meets Benazir

British High Commissioner meets Benazir

Benazir Bhutto met Britain's top diplomat in the country on Wednesday and said she had shared her concerns about the prospects of free elections under emergency rule. British High Commissioner Robert Brinkley called on Benazir at her home in Karachi, two
Published 22 Nov, 2007 12:00am
Fair polls impossible with Musharraf as CoAS: ARD

Fair polls impossible with Musharraf as CoAS: ARD

Secretary General of Alliance for Restoration of Democracy (ARD) Qazi Abdul Qadeer Khamosh has said the announcement of the election schedule by the Election Commission under the emergency rule and PCO is unacceptable, adding that the detention of politic
Published 22 Nov, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (November 21, 2007).
Published 22 Nov, 2007 12:00am
Qazi for joint strategy regarding polls

Qazi for joint strategy regarding polls

Muttahida Majlis-i-Amal (MMA) President Qazi Hussain Ahmad on Wednesday contacted Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif and Pakistan Peoples Party (PPP) leader Makhdoom Ameen Fahim and discussed matter pertaining to the forthcoming elect
Published 22 Nov, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.
Published 22 Nov, 2007 12:00am
Jamaat-e-Islami slams torture on journalists

Jamaat-e-Islami slams torture on journalists

The Jamaat-e-Islami in Punjab has condemned arrests and torture of journalists in Karachi and told the government to lift restrictions imposed on the media.
Published 22 Nov, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 22 Nov, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 22 Nov, 2007 12:00am
Function on child rights today

Function on child rights today

Child Protection Committee of the Children's Hospital is organising a special function in connection with the Universal Children's Day Celebrations at its Shaukat Raza Auditorium on Thursday (today) at 9.30am.
Published 22 Nov, 2007 12:00am
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