News Archives for Print - 2008-03-04

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (March 03, 2008).

Published 04 Mar, 2008 12:00am

11 percent rise in foreign investors'' profit repatriation

Foreign investors sent $519 million as their profits abroad during first seven months of the current fiscal year as compared to $467.9 million of the corresponding period of 2006-07, depicting an upsurge of some 11 percent.

Published 04 Mar, 2008 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (March 03, 2008).

Published 04 Mar, 2008 12:00am

11 percent rise in foreign investors' profit repatriation

Foreign investors sent $519 million as their profits abroad during first seven months of the current fiscal year as compared to $467.9 million of the corresponding period of 2006-07, depicting an upsurge of some 11 percent.

Published 04 Mar, 2008 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 (March 03, 2008).

Published 04 Mar, 2008 12:00am

11 percent rise in foreign investors' profit repatriation

Foreign investors sent $519 million as their profits abroad during first seven months of the current fiscal year as compared to $467.9 million of the corresponding period of 2006-07, depicting an upsurge of some 11 percent.

Published 04 Mar, 2008 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 (March 03, 2008).

Published 04 Mar, 2008 12:00am

Massive bungling in Cabinet Division expenditures

The Auditor General of Pakistan has unearthed massive financial irregularities in the expenditures of the Cabinet Division and its attached regulatory bodies, during financial year 2006-07, official sources told Business Recorder.

Published 04 Mar, 2008 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (March 03, 2008).

Published 04 Mar, 2008 12:00am

Massive bungling in Cabinet Division expenditures

The Auditor General of Pakistan has unearthed massive financial irregularities in the expenditures of the Cabinet Division and its attached regulatory bodies, during financial year 2006-07, official sources told Business Recorder.

Published 04 Mar, 2008 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 04 Mar, 2008 12:00am

Massive bungling in Cabinet Division expenditures

The Auditor General of Pakistan has unearthed massive financial irregularities in the expenditures of the Cabinet Division and its attached regulatory bodies, during financial year 2006-07, official sources told Business Recorder.

Published 04 Mar, 2008 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 04 Mar, 2008 12:00am

Oil, gold touch new highs, stocks down

Oil and gold charged to new highs on Monday as investors sought safety from a crumbling dollar and soft equity markets as weak US economic data and inflation worries keep money flowing to commodities. Crude oil prices set new records in New York and Londo

Published 04 Mar, 2008 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (March 03, 2008).

Published 04 Mar, 2008 12:00am

Oil, gold touch new highs, stocks down

Oil and gold charged to new highs on Monday as investors sought safety from a crumbling dollar and soft equity markets as weak US economic data and inflation worries keep money flowing to commodities. Crude oil prices set new records in New York and Londo

Published 04 Mar, 2008 12:00am

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 04 Mar, 2008 12:00am

Oil, gold touch new highs, stocks down

Oil and gold charged to new highs on Monday as investors sought safety from a crumbling dollar and soft equity markets as weak US economic data and inflation worries keep money flowing to commodities. Crude oil prices set new records in New York and Londo

Published 04 Mar, 2008 12:00am

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 04 Mar, 2008 12:00am

KSE index down 117.87 points

The Karachi share market on Monday witnessed bearish trend amid thin volumes and the KSE-100 index lost 117.87 points and the KSE-100 index closed at 14,816.43 points level. However KSE-30 index lost 293.23 points to close at 18, 074.06 points.

Published 04 Mar, 2008 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 Mar, 2008 12:00am

KSE index down 117.87 points

The Karachi share market on Monday witnessed bearish trend amid thin volumes and the KSE-100 index lost 117.87 points and the KSE-100 index closed at 14,816.43 points level. However KSE-30 index lost 293.23 points to close at 18, 074.06 points.

Published 04 Mar, 2008 12:00am

Tea prices mixed on Jodia Bazaar

The trading on tea showed mixed trend on Jodia Bazaar here on Monday. The following variations were noted.

Published 04 Mar, 2008 12:00am

KSE index down 117.87 points

The Karachi share market on Monday witnessed bearish trend amid thin volumes and the KSE-100 index lost 117.87 points and the KSE-100 index closed at 14,816.43 points level. However KSE-30 index lost 293.23 points to close at 18, 074.06 points.

Published 04 Mar, 2008 12:00am

Oil cake market rates

Steady trend was seen on the forward cottonseed oilcake market on Monday as prices showed no major difference amid modest trading, dealers said. The March vaida opened at Rs 695.00 and closing was seen at the same level, they said.

Published 04 Mar, 2008 12:00am

Glass, dyes, tyres and tubes valuation for duty revised

The Directorate-General of Customs Valuation, Karachi, has revised the assessment value of float glass/other glasses, CD-R (audio/video), DVD-R, dyes and tyres and tubes for accurate determination of customs duty.

Published 04 Mar, 2008 12:00am

Cotton prices again rise to Rs 3500 in ready business

Prices again hit the high mark of Rs 3500 on the cotton market on Monday amid rising demand by the mills, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 3200, they said. Phutti prices in both Sindh and Punjab wer

Published 04 Mar, 2008 12:00am

Glass, dyes, tyres and tubes valuation for duty revised

The Directorate-General of Customs Valuation, Karachi, has revised the assessment value of float glass/other glasses, CD-R (audio/video), DVD-R, dyes and tyres and tubes for accurate determination of customs duty.

Published 04 Mar, 2008 12:00am

Sharp falls, rises witnessed on grain market

Rice prices were sharply higher on the grain market on Monday due to strong demand by the abroad, dealers said. On the rice sector, Irri-9 Sindh was down by Rs 100 to Rs 3500-3600, Irri-6 Sindh fell Rs 150 to Rs 2525-2550, Basmati/D-98 Shahdadkot low type

Published 04 Mar, 2008 12:00am

Glass, dyes, tyres and tubes valuation for duty revised

The Directorate-General of Customs Valuation, Karachi, has revised the assessment value of float glass/other glasses, CD-R (audio/video), DVD-R, dyes and tyres and tubes for accurate determination of customs duty.

Published 04 Mar, 2008 12:00am

US Plains HRW wheat bids holding steady

US Plains hard red winter wheat basis values held steady Monday, with the market still worried about dwindling wheat supplies. Short-term needs were mostly met and pricing remained highly volatile. Protein premiums saw a downward adjustment, dropping $1.0

Published 04 Mar, 2008 12:00am

UN council imposes new sanctions on Iran

The UN Security Council voted overwhelmingly to tighten UN sanctions on Iran in its latest bid to pressure Tehran into suspending uranium enrichment that the West fears is aimed at developing nuclear weapons.

Published 04 Mar, 2008 12:00am

Russian domestic wheat hits new highs

Russian domestic wheat prices are powering to record highs, unfettered by an export tariff that has blocked shipments from its Black Sea ports, and raising the need for more restrictions to keep grain inside the country. As booming world wheat prices show

Published 04 Mar, 2008 12:00am

UN council imposes new sanctions on Iran

The UN Security Council voted overwhelmingly to tighten UN sanctions on Iran in its latest bid to pressure Tehran into suspending uranium enrichment that the West fears is aimed at developing nuclear weapons.

Published 04 Mar, 2008 12:00am

Syria tenders for barley and corn

Syria's state grain agency has issued a tender to purchase 200,000 tonnes of feed barley and 150,000 tonnes of corn, European traders said on Monday. Shipment for the barley must be eight months after opening of a letter of credit for the successful bidde

Published 04 Mar, 2008 12:00am

Japan seeks to buy 3,180 tonnes rice

Japan's Agriculture Ministry seeks to buy 3,180 tonnes of foreign rice for use mostly as table rice at a tender on March 7 under the simultaneous buy and sell system, a ministry official said on Monday. Shipment is due by May 30 and delivery by June 30.

Published 04 Mar, 2008 12:00am

Ivorian cocoa arrivals seen rising

Cocoa arrivals at ports in world top grower Ivory Coast reached 989,549 tonnes from October 1 to March 2, exporters estimated on Monday, compared with 888,893 tonnes in the same period of the previous season.

Published 04 Mar, 2008 12:00am

US Midwest corn higher, soyabeans steady

Spot corn basis bids were steady to higher on Monday amid slow farmer selling, while soyabeans were mostly steady, dealers said. Basis bids at river elevators were higher for both corn and soyabeans amid tight supplies, the dealers said. "They (farmers) a

Published 04 Mar, 2008 12:00am

Argentine wheat sales stable

Argentine 2007/08 wheat export commitments stood at 7.047 million tonnes by February 29, unchanged from a week earlier, the Agriculture Secretariat said in its latest weekly report. The data corresponds to the wheat harvest that ended in January.

Published 04 Mar, 2008 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 158,875 tonnes cargo including 86,517 tonnes import, 72,358 tonnes export cargo and 4,894 containers (TEUs) during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 98,706 tonnes dry cargo including 61,388 tonne

Published 04 Mar, 2008 12:00am

Asian physical rubber prices

Asian physical rubber prices were narrowly mixed on Monday as weakness in Japanese rubber futures weighed on prices, while supply concerns due to the dry season in Thailand lent some support. "Physical prices are supported because of the wintering season

Published 04 Mar, 2008 12:00am

Thai sugar premium dips

The premium on Thai raw sugar slipped on Monday, reflecting thin trade, with traders selling small lots of sugar to neighbouring countries, traders said. The premium was quoted at 108 points over New York prices for March shipment, down from 162 points qu

Published 04 Mar, 2008 12:00am

Shanghai copper gains

Shanghai copper edged up on Monday and London futures were within striking distance of record highs, shrugging off gloomy US data last week as investors continue to look for returns in a shaky economic environment. The May copper contract, the most active

Published 04 Mar, 2008 12:00am

Gold hits fourth straight record

Gold edged closer to the $1,000 an ounce mark on Monday, setting a record high for the fourth straight day after the dollar tumbled and crude oil held near an all-time high. Silver jumped to $20 an ounce for the first time since November 1980 to track gol

Published 04 Mar, 2008 12:00am

Indian soyaoil hits new high

Indian soyaoil futures jumped to all-time highs for a third consecutive session on Monday, taking cues from firm prices in the physical market and a sharp rise in rival palm oil contracts in Malaysia. The March contract rose by 4 percent, the upper limit

Published 04 Mar, 2008 12:00am

Oil hovers at $102

Oil prices were steady on Monday, finding support from a sharp decline in the US dollar and expectations oil cartel Opec would leave its output unchanged. US light crude for April delivery rose 16 cents to $102.00 a barrel. London Brent crude rose 21 cent

Published 04 Mar, 2008 12:00am

Malaysian tin

Malaysian tin rose 1.3 percent to a new high on Monday, despite flat London Metal Exchange prices, as strong buying led by Japan boosted the market, one dealer said.

Published 04 Mar, 2008 12:00am

Indonesia sees higher rice

Indonesia's statistics bureau said on Monday that rice, corn and soyabean output would increase this year, at a time of rising food prices and concerns over whether the country will need to secure expensive imports. The statistics bureau said it expects r

Published 04 Mar, 2008 12:00am

Vietnam coffee prices hit life high

Vietnamese coffee beans have risen to a new record of 40,100 dong ($2.5) per kg on Monday, breaking its previous life high in 1995, after funds poured more money into soft commodities in London last week. Vietnamese beans edged up from their 1995 record o

Published 04 Mar, 2008 12:00am

Russia imports more soyabeans, palm oil

Russian imports of soyabeans and palm oil maintained their recent high levels in January, reaching 51,100 tonnes and 63,800 tonnes, respectively. High domestic sunflower oil prices currently 45,000 roubles ($1,875) per tonne, ex-works supported strong dem

Published 04 Mar, 2008 12:00am

Soyabeans hit record high

Chicago soyabean futures touched a new record high in Asian trade on Monday, leading the rise in grains as a weak dollar, which promotes exports, and strong Chinese demand spurred buying by funds. The bullishness spread to other related markets, with most

Published 04 Mar, 2008 12:00am

Tokyo rubber down

Tokyo rubber futures fell more than 1 percent on Monday as a sharp gain in the yen against the dollar prompted heavy selling, but strength in oil prices and concerns over supplies provided some support. The benchmark Tokyo Commodity Exchange rubber contra

Published 04 Mar, 2008 12:00am

Indonesia palm oil up

Indonesian crude palm oil prices at the state marketing centre rose more than 6 percent on Monday to hit a fresh peak in line with record Malaysian prices and strong local demand. The centre in Jakarta, which sells crude palm oil from state plantations, s

Published 04 Mar, 2008 12:00am

Malaysian palm oil soars 8 percent

Malaysian crude palm oil futures climbed 8.2 percent on Monday, the biggest increase in a single day, as supply concerns and speculative funds propelled global vegetable oil markets to new highs. Palm oil has gained 42 percent this year as gloomy crop out

Published 04 Mar, 2008 12:00am

Dubai ruler's arm sees 'big' deals in India

Dubai International Capital (DIC) said on Monday its private equity arm plans to make substantial acquisitions in India, adding to the $1 billion it has invested in the fast-growing economy. "We have big deals in the pipeline," DIC Chief Executive Officer

Published 04 Mar, 2008 12:00am

Dubai ruler's arm sees 'big' deals in India

Dubai International Capital (DIC) said on Monday its private equity arm plans to make substantial acquisitions in India, adding to the $1 billion it has invested in the fast-growing economy. "We have big deals in the pipeline," DIC Chief Executive Officer

Published 04 Mar, 2008 12:00am

US manufacturing weakest since April 2003: ISM

US factory activity contracted in February, falling to its weakest in nearly five years on slackening employment and new orders, according to a report released on Monday. The Institute for Supply Management said its index of national factory activity fell

Published 04 Mar, 2008 12:00am

US construction spending falls

US construction spending fell a sharper-than-expected 1.7 percent in January, led by a fall-off in private home building, government data on Monday showed in a report that marked a continued decline in the housing market.

Published 04 Mar, 2008 12:00am

Opec unlikely to be moved by $100

Opec ministers favour leaving output steady at their meeting in Vienna this week, although record oil prices could make them talk about a small increase in production.

Published 04 Mar, 2008 12:00am

Russia cuts gas to Ukraine

Russian gas monopoly Gazprom cut supplies to Ukraine by at least a quarter on Monday over what it said were unpaid debts, just hours after the company chairman, Dmitry Medvedev, won Russia's presidential election. Gazprom pledged its exports to Europe wou

Published 04 Mar, 2008 12:00am

EU and US start financial information case versus China

The European Union and the United States launched a case against China at the World Trade Organisation (WTO) on Monday over the way Beijing regulates foreign providers of financial information.

Published 04 Mar, 2008 12:00am

Nokia wins ruling over Qualcomm

The world's top mobile phone maker, Nokia, has won its second patent case against US chipmaker Qualcomm Inc in a week, both companies said, but the long-running battle is far from over.

Published 04 Mar, 2008 12:00am

Motorola says wins copyright case in China

A Chinese court has ordered a local company to compensate Motorola Inc for violating its patent rights concerning a two-way radio, the US telecom giant said in a statement Monday. Motorola brought the lawsuit against a Chinese company known as Guangzhou W

Published 04 Mar, 2008 12:00am

Motorola says wins copyright case in China

A Chinese court has ordered a local company to compensate Motorola Inc for violating its patent rights concerning a two-way radio, the US telecom giant said in a statement Monday. Motorola brought the lawsuit against a Chinese company known as Guangzhou W

Published 04 Mar, 2008 12:00am

Banks should go for raise in capital: Paulson

US Treasury Secretary Henry Paulson on Monday said that financial institutions should seize the opportunity to raise fresh capital if they think they need it, for both their own good and the sake of the wider economy.

Published 04 Mar, 2008 12:00am

Eurozone facing high inflation, ECB cuts unlikely

The eurozone is facing high inflationary pressures which are likely to make the European Central Bank reluctant to cut rates soon despite further signs of an economic slowdown, data showed on Monday. The European Union's statistics office estimated eurozo

Published 04 Mar, 2008 12:00am

IMF head sees euro overvalued

The head of the IMF Dominique Strauss-Kahn believes the real problem of the euro, as well as being overvalued, is the all powerful position of the European Central Bank. In Monday's edition of Le Monde, Strauss-Kahn said "the problem of the euro is that t

Published 04 Mar, 2008 12:00am

US in recession, stocks not cheap: Buffett

Billionaire investor Warren Buffett said on Monday the US economy is in recession, and that stocks are "not cheap" despite recent declines. Buffett also said he is no longer offering to guarantee $800 billion of municipal bonds backed by MBIA Inc, Ambac F

Published 04 Mar, 2008 12:00am

US in recession, stocks not cheap: Buffett

Billionaire investor Warren Buffett said on Monday the US economy is in recession, and that stocks are "not cheap" despite recent declines. Buffett also said he is no longer offering to guarantee $800 billion of municipal bonds backed by MBIA Inc, Ambac F

Published 04 Mar, 2008 12:00am

HSBC profit up 10 percent, bad debts hit $17 billion

HSBC's pretax profit rose 10 percent last year, driven by buoyant growth in Asia which helped Europe's biggest bank absorb $17.2 billion in bad debts as the US housing crisis deepened.

Published 04 Mar, 2008 12:00am

HSBC profit up 10 percent, bad debts hit $17 billion

HSBC's pretax profit rose 10 percent last year, driven by buoyant growth in Asia which helped Europe's biggest bank absorb $17.2 billion in bad debts as the US housing crisis deepened.

Published 04 Mar, 2008 12:00am

MasterCard challenges EU antitrust ruling

MasterCard said on Monday it was lodging a court challenge against a December decision by EU antitrust regulators targeting the payments card giant. The company said it has asked the Luxembourg-based European Court of First Instance to throw out the Europ

Published 04 Mar, 2008 12:00am

Taiwan stocks slump

Taiwan stocks ended 1.78 percent lower on Monday, with technology stocks such as Hon Hai down amid increasing fears that a US recession would hurt demand for their products. The main TAIEX share index lost 149.89 points to close at 8,262.87, after hitting

Published 04 Mar, 2008 12:00am

China stocks up 2.1 percent

Chinese stocks rose sharply on Monday, far outperforming slides in foreign markets, and turnover hit a one-month high because of speculation that authorities might cut the stock trading tax.

Published 04 Mar, 2008 12:00am

Philippines shares slip

Philippines share prices closed 1.6 percent lower on Monday in line with other Asian markets rattled by heavy losses on Wall Street at the end of last week, dealers said. The composite index shed 50 points to 3,079.99. It moved between 3,063.17 and 3,129.

Published 04 Mar, 2008 12:00am

Thai shares slightly drop

Thai share prices closed 0.34 percent lower on Monday amid fears of a recession in the global economy caused by the subprime mortgage crisis in the United States, dealers said. They said although the Thai market moved in line with other regional markets l

Published 04 Mar, 2008 12:00am

Hong Kong shares fall

Hong Kong stocks fell on Monday, tracking losses in overseas equities on concern over US economic weakness, while investors looked ahead to a spate of major corporate earnings due this week. HSBC Holdings, the day's most active stock, fell as much as 3 pe

Published 04 Mar, 2008 12:00am

JGB futures hit one-month high

Japanese government bond futures hit a one-month high on Monday as Tokyo's Nikkei share average plunged 4.5 percent on concerns about the stronger yen hurting corporate profits and on growing worries about a United States recession.

Published 04 Mar, 2008 12:00am

JGB futures hit one-month high

Japanese government bond futures hit a one-month high on Monday as Tokyo's Nikkei share average plunged 4.5 percent on concerns about the stronger yen hurting corporate profits and on growing worries about a United States recession.

Published 04 Mar, 2008 12:00am

Seoul stocks dip 2.3 percent

Seoul stocks slid 2.3 percent on Monday as renewed US recession fears hit exporters such as LG Electronics and financial firms fell on concerns about more write-downs in the global financial sector. Defensive plays boosted fixed-line carrier KT Corp while

Published 04 Mar, 2008 12:00am

Malaysian shares tumble

Malaysian share prices closed two percent lower on Monday amid a region wide heavy sell-off, led by losses in plantation giant Sime Darby, dealers said. The Kuala Lumpur Composite Index closed 26.79 points lower at 1,330.61 on volume of 580.46 million sha

Published 04 Mar, 2008 12:00am

Indian shares plunge to close down 5.12 percent

Indian share prices plunged on Monday to close 5.12 percent lower on concerns about the United States economy and amid a sharp sell-off across Asia, dealers said. They said investors were worried about the prospect of slower overseas investment into emerg

Published 04 Mar, 2008 12:00am

New Zealand shares end little changed

New Zealand share prices bucked sharp falls in world markets to close little changed on Monday, dealers said. The benchmark NZX-50 index closed up 1.53 points or 0.04 percent to 3,584.26 on turnover worth 109.million dollars (86.6 million US). Falling sto

Published 04 Mar, 2008 12:00am

Jakarta share prices 2.6 percent lower

Indonesian share prices closed 2.6 percent lower on Monday in line with other Asian markets amid concerns about the health of the US economy, dealers said. The Jakarta composite index closed down 69.63 points at 2,652.31. Volume was 3.1 billion shares wor

Published 04 Mar, 2008 12:00am

Nikkei tumbles 4 percent

Japanese stocks fell 4 percent on Monday, with the Nikkei hitting a nearly six-week closing low as Honda Motor Corp and other exporters were battered by a strong yen amid growing US recession worries. Shares of Japanese consumer lender Takefuji Corp sank

Published 04 Mar, 2008 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 68.56/68.58 (previous 68.57/68.58). Call Money Rates: 6.50-12.00 percent (previous 6.50-11.00 percent.

Published 04 Mar, 2008 12:00am

Australian dollar down

The Australian dollar lost ground on Monday, retreating from last week's 24-year peaks against the US dollar, after investors dumped higher-yielding currencies and risk appetite took a beating. Asian stocks slumped on growing fears about a US recession an

Published 04 Mar, 2008 12:00am

Dollar's slide deepens, hits three-year low

The dollar slid to a record low against a basket of currencies on Monday as new worries about the health of US financial firms and fears of a US recession stoked expectations of aggressive rate cuts.

Published 04 Mar, 2008 12:00am

Swiss franc rallies to record highs

The Swiss franc rallied against major currencies and set a new record high against the dollar early on Monday as traders braced for a slew of data expected to show Swiss inflation holding near a 14-year peak. The franc held near an all-time high against t

Published 04 Mar, 2008 12:00am

Most Asia currencies down

Most Asian currencies shed at least half a percent on Monday as investors fled to safe-haven assets, spurred by worries over a possible US recession. The Philippine peso, Indonesian rupiah and Malaysian ringgit fell by more than 0.6 percent against the do

Published 04 Mar, 2008 12:00am

Chinese yuan up moderately

China's yuan rose moderately against the dollar on Monday as the central bank kept the Chinese currency's daily reference rate unchanged, despite a further weakening of the dollar on global markets.

Published 04 Mar, 2008 12:00am

Squad of SAAF athletics announced

Athletic Federation of Pakistan (AFP) on Monday announced its 52-man contingent to take part in SAAF Athletics Championship being organised from March 7-9 at Cochin (Kerala), India. "The party comprises 26-member men, 13-member female teams and 14 officia

Published 04 Mar, 2008 12:00am

Former Aussie batsman O'Neill dies

Australian Norman O'Neill, a powerful attacking batsman who suffered unfairly from being dubbed "the new Bradman", has died at the age of 71, Cricket Australia said on Monday.

Published 04 Mar, 2008 12:00am

Chinese believe Beijing Olympic Games the most important event

People in China believe that the Beijing 2008 Olympic Games are the most important thing to happen in China this decade, according to the most recent Visa International survey of Chinese attitudes toward the Games.

Published 04 Mar, 2008 12:00am

Jankovic eyes number one spot

Serbian Jelena Jankovic said Monday she aims to become the world's top-ranked player and will focus only on big tournaments this year. "Achieving the number one ranking is my dream. I grew up thinking about that. I am working hard to achieve it. If I win

Published 04 Mar, 2008 12:00am

AFC Challenge Cup: Berlin-born Atif Bashir joins national soccer camp

Haverfordwest County AFC's Atif Bashir has brightened Pakistan's chances of winning Group-A of second AFC Challenge Cup as his inclusion in the national camp strengthened Pakistani team.

Published 04 Mar, 2008 12:00am

Harbhajan cleared of racist gestures

Indian spinner Harbhajan Singh was cleared here on Monday of making racist gestures and spitting at fans during his team's one-day win over Australia on Sunday. Harbhajan was crucial in Sunday's victory that gave India a 1-0 lead in the tri-series finals,

Published 04 Mar, 2008 12:00am

South Africa wrap up convincing Test series

Left-arm spinner Robin Peterson took five wickets to lead South Africa to a crushing innings and 205 runs victory in the second Test against Bangladesh on Monday. South Africa dismissed the hosts for 119 on the fourth day to complete a 2-0 series win.

Published 04 Mar, 2008 12:00am

Tajikistan tears down Soviet statue

Tajikistan has dismantled its last monument to Bolshevik leader Vladimir Lenin, bidding farewell to another vestige of its Soviet past. The removal at the weekend followed last year's decision by President Imomali Rakhmon to rename Lenin park, where the s

Published 04 Mar, 2008 12:00am

Organisers hope Iran will allow prize-winner to travel

The organisers of the Olof Palme Prize on Monday urged Iran to drop a ban on Iranian feminist and journalist Parvin Ardalan leaving her country to receive the 2007 award in Stockholm.

Published 04 Mar, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	143.85
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 20	5,702.55
India Sensex / Sep 20	83,184.80
Tokyo Nikkei / Sep 20	37,723.91
Nasdaq / Sep 20	17,948.32
Hang Seng / Sep 20	18,258.57
FTSE 100 / Sep 20	8,229.99
Dow Jones / Sep 20	42,063.36
Germany DAX 30 / Sep 20	18,720.01

Item	Value
Crude Oil USD/Barrel / Sep 20	71.92
Gold Spot USD/Ounce / Sep 20	2,621.88
Cotton US¢/pound / Sep 20	73.52
Karachi Cotton PKR/37.32 KG / Sep 21	18,935
Gold 10 Grams PKR / Sep 21	233,625
Petrol/Litre / Sep 22	249.10

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
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WorldCall Telecom / Sep 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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