News Archives for Print - 2008-04-24

Print - 2008-04-24

CFC smuggling key challenge in Asia, study says

Smuggling of ozone-depleting chemicals in the Asia-Pacific region is much worse than expected, a study released at a UN-backed environment conference said Wednesday.

Published 24 Apr, 2008 12:00am

Liberty Mutual to buy Safeco in big insurance tie-up

Liberty Mutual Group struck a deal to acquire rival Safeco for some 6.2 billion dollars, to form the fifth largest property and casualty insurer in the United States, the firms said Wednesday.

Published 24 Apr, 2008 12:00am

Infineon takes second-quarter hit

The German electronic components maker Infineon reported Wednesday a sharp net loss in the second quarter of its fiscal year, in large part owing to its loss-making chip unit Qimonda. Infineon said its net loss had widened to 1.37 billion euros (2.2 billi

Published 24 Apr, 2008 12:00am

Infineon takes second-quarter hit

Published 24 Apr, 2008 12:00am

ExxonMobil workers issue strike threat in Nigeria

Workers of Mobil Producing Nigeria (MPN), an affiliate of American major oil group ExxonMobil, have issued a strike threat over pay and welfare, union officials said Wednesday. "The strike will begin overnight unless the management heeds our demands for b

Published 24 Apr, 2008 12:00am

New Zealand shares up

New Zealand share prices closed up 0.70 percent on Wednesday with top blue chips leading the way despite more weakness on Wall Street, dealers said. The NZX-50 gross index rose 25.21 points to 3,608.47 on turnover worth 134 million dollars (106.7 million

Published 24 Apr, 2008 12:00am

Thai shares decline

Thai share prices closed 1.45 percent lower on Wednesday in a technical fall with major stocks finishing down, despite record oil prices, dealers said. They said Thailand bucked the regional trend, a day after energy shares sent the market up here.

Published 24 Apr, 2008 12:00am

Hong Kong stocks rally

Hong Kong stocks surged 1.4 percent to a three-month closing high on Wednesday as a strong rebound in Shanghai fuelled institutional buying of PetroChina and other big, liquid Chinese counters.

Published 24 Apr, 2008 12:00am

Surging oil, disappointing outlooks hit Wall Street

US stocks sank on Tuesday as oil prices neared $120 a barrel and fed worries about inflation and consumer spending, while a series of disappointing profit outlooks made the mood even worse.

Published 24 Apr, 2008 12:00am

Philippines shares 1.1 percent lower

Philippines share prices closed 1.1 percent lower on Wednesday, with the key index hitting its lowest level in five weeks on inflation fears, dealers said.Another record surge in international crude oil prices was to blame for those fears, which also came

Published 24 Apr, 2008 12:00am

US Treasury prices close mixed

US Treasury prices were mixed on Tuesday as expectations for only a small Federal Reserve interest rate cut next week undermined shorter-maturity debt, while a falling stock market rejuvenated longer-dated bonds.

Published 24 Apr, 2008 12:00am

US Treasury prices close mixed

Published 24 Apr, 2008 12:00am

Malaysian shares climb

Malaysian share prices closed 0.7 percent higher on Wednesday due to buying interest in commodity stocks after world oil prices edged closer to 120 dollars a barrel, dealer said. The Kuala Lumpur Composite Index (KLCI) gained 8.86 points to 1,288.16, off

Published 24 Apr, 2008 12:00am

Jakarta shares end firmer

Indonesian share prices closed 1.1 percent higher on Wednesday with gains in mining and energy stocks driven by hopes the companies will report strong first-quarter earnings, dealers said. The Jakarta Composite Index closed up 25.21 points at 2,314.30. Vo

Published 24 Apr, 2008 12:00am

Nikkei edges up, boosted by oil and trading firms

Japan's benchmark Nikkei edged up 0.2 percent on Wednesday, with oil's surge towards $120 a barrel boosting Nippon Oil Corp and trading houses that deal in the increasingly pricey fuel. Rising food global food prices helped lift agricultural stocks such a

Published 24 Apr, 2008 12:00am

China stocks jump 4.15 percent

China's main stock index jumped over 4 percent on Wednesday in a broad rally led by oil companies, as hopes grew that the market might finally have found a floor after a six-month slide. The Shanghai Composite Index fell as much as 1.84 percent in early t

Published 24 Apr, 2008 12:00am

Indian shares sag

Indian shares closed down 0.51 percent on Wednesday, as banking and finance stocks slipped ahead of next week's central bank monetary policy review, dealers said. They said investors remain wary that the Reserve Bank of India may tighten monetary policy f

Published 24 Apr, 2008 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.57/68.58 (previous 68.58/68.58). Call Money Rates: 7.75-12.00 percent (previous 8.00-20.00 percent.

Published 24 Apr, 2008 12:00am

China dollar funding costs fall

Dollar funding costs in China's onshore currency market continued sliding on Wednesday, while the US currency rebounded against the yuan in the forwards markets. Onshore one-year dollar/yuan forwards climbed to 6.5000 in late trade, near a seven-week high

Published 24 Apr, 2008 12:00am

Euro near record high versus dollar

The euro held near a record high against the dollar on Wednesday due to its yield advantage, while the Australian dollar climbed to a 24-year peak versus the US currency on data showing a jump in core inflation in Australia.

Published 24 Apr, 2008 12:00am

Euro rallies through $1.60

The euro rose against the dollar on Tuesday and traded above $1.60 for the first time since its 1999 inception amid growing expectations that the European Central Bank's next move may be an interest rate hike.

Published 24 Apr, 2008 12:00am

Swiss franc dips versus dollar

The Swiss franc ticked down against the dollar as investors started to regain some confidence in the US economic outlook and the pressured greenback."We are seeing a bottoming phase of the dollar," said Sandro Baechli, analyst at Clariden Leu. "Some confi

Published 24 Apr, 2008 12:00am

Asian currencies: Singapore dollar at record high

The Singapore dollar hit a record high on Wednesday as investors bet on currencies of countries deemed to have inflation-fighting credentials, while the South Korean won pared losses from its previous session. The firm Asian currencies were also given a b

Published 24 Apr, 2008 12:00am

Australian dollar at 24-year peak

The Australian dollar jumped to a 24-year peak against the US currency on Wednesday after higher-than-expected first-quarter inflation data led investors to gear up for an extended period of tight monetary policy. Annual core inflation accelerated to its

Published 24 Apr, 2008 12:00am

South Africa choose Santana as next coach

Brazilian Joel Santana is set to take over from compatriot Carlos Alberto Parreira as South Africa's national coach, the South African Football Association (SAFA) announced on Wednesday.

Published 24 Apr, 2008 12:00am

Vaughan goes cheaply again

England captain Michael Vaughan's quest for form ahead of the upcoming Test series against New Zealand suffered another setback Wednesday when he was out for 19 against Hampshire in Yorkshire's County Championship opener at Headingley.

Published 24 Apr, 2008 12:00am

Vukovic ban reduced, cleared to play in Olympics

Australian league goalkeeper Danny Vukovic has had his nine-month ban for manhandling referee Mark Shields reduced to six months and split to allow him to play at the Beijing Olympics. Vukovic, who plays for the Central Coast Mariners club, was initially

Published 24 Apr, 2008 12:00am

Goal drought could prove Bridge too far for Liverpool

Liverpool will have to score their first goal against Chelsea at Stamford Bridge since Rafa Benitez became manager in 2004 if they are to reach this year's Champions League final in Moscow. Liverpool have not scored in eight successive matches there and i

Published 24 Apr, 2008 12:00am

Jacquelin sees Ryder Cup hope in French renaissance

France's Raphael Jacquelin said it was only a matter of time before a French name returned to the Ryder Cup team list after watching his countrymen win two of the last three European Tour events.

Published 24 Apr, 2008 12:00am

Pollock joins Durham for Twenty20 campaign

South Africa great Shaun Pollock is to join Durham for the English county's Twenty20 Cup campaign this season, the north-east side announced Wednesday. Pollock, who appeared alongside Durham captain Dale Benkenstein at Natal and for South Africa, played i

Published 24 Apr, 2008 12:00am

Federer survives Spanish scare in Monte Carlo

Roger Federer was two points from an embarrassing exit from the Monte Carlo Masters on Wednesday before rallying to beat Spanish qualifier Ruben Ramirez Hidalgo 6-1 3-6 7-6 to reach the third round.

Published 24 Apr, 2008 12:00am

Wikipedia to go in print in German language

German publishing giant Bertelsmann said Wednesday it planned to publish the world's first reference book based on entries from Wikipedia, the popular online encyclopaedia. Until now, Wikipedia was best known for compiling writing on thousands of subjects

Published 24 Apr, 2008 12:00am

Cherie Blair takes up case of Hasina Wajed

The lawyer wife of British ex-premier Tony Blair said Wednesday she was advising the legal team representing a former Bangladesh prime minister detained on corruption charges. "I was invited to give an opinion about what has been happening," Cherie Blair

Published 24 Apr, 2008 12:00am

Spain, Britain agree to combat illegal immigration

Britain and Spain agreed on Wednesday to boost cooperation to combat illegal immigration from Africa into the European Union, Britain's minister for Europe Jim Murphy said.

Published 24 Apr, 2008 12:00am

Confusion increases over Zimbabwe election

Uncertainty increased in Zimbabwe on Wednesday over a disputed election as pressure intensified for results to be announced from a presidential vote more than three weeks ago.

Published 24 Apr, 2008 12:00am

Petraeus picked to lead Iraq and Afghan wars

US Defence Secretary Robert Gates on Wednesday picked General David Petraeus, widely praised as the top commander in Iraq, to lead all Middle East operations, including the Iraq and Afghanistan wars. Gates also chose Lieutenant General Raymond Odierno, wh

Published 24 Apr, 2008 12:00am

French cabinet votes to boost parliament powers

The French cabinet on Wednesday approved a reform bill that would set a two-term limit for presidents and allow the head of state to appear before parliament for the first time in 135 years.

Published 24 Apr, 2008 12:00am

Taliban violence limited to quarter of Afghanistan: Nato

Most insurgent attacks occur in just a quarter of Afghanistan, a Nato-led force helping to fight the extremist insurgency here said Wednesday, dismissing a "perception" that Taliban violence is spreading.

Published 24 Apr, 2008 12:00am

Hillary, Obama face long White House fight

Hillary Clinton and Barack Obama entered the final phase of an increasingly nasty US presidential fight on Wednesday, and Clinton said her decisive Pennsylvania win showed she had the broad support needed to lead Democrats back to the White House.

Published 24 Apr, 2008 12:00am

Hillary claims broad support after Pennsylvania win

Hillary Clinton said Wednesday her victory over rival Barack Obama in Pennsylvania showed she had the broad support needed to recapture the White House for Democrats in November's presidential election.

Published 24 Apr, 2008 12:00am

Jordan's king meets Bush and Abbas

Jordan's King Abdullah II met Wednesday with US President George W. Bush and urged him to set "clear grounds and fixed time-frames" for stalled Middle East peace talks, Jordan's embassy said.

Published 24 Apr, 2008 12:00am

Bangladesh evacuates stranded workers from Iraq

Bangladesh has begun evacuating thousands of stranded workers who were trafficked into war-ravaged Iraq by illegal manpower traders, officials said on Wednesday. An Emirates Airlines flight carrying 42 Bangladeshis arrived in Dhaka on Thursday as part of

Published 24 Apr, 2008 12:00am

Concentrate on making 2008 harvest a success: FAO

World farming resources should be focused on ensuring the 2008 harvest is a success in order to ease the food crisis, the head of the United Nations Food and Agriculture Organisation said on Wednesday.

Published 24 Apr, 2008 12:00am

Dozens killed in heavy fighting in Sri Lanka

Dozens of Sri Lankan troops and Tamil Tiger rebels were killed in heavy fighting in the north of the island on Wednesday, with air force jets bombing rebel positions. The Sri Lankan Army (SLA) said 52 rebels and 38 soldiers were killed in the clashes in t

Published 24 Apr, 2008 12:00am

Tehran to cooperate with IAEA over alleged weaponisation studies

The UN's nuclear watchdog, the International Atomic Energy Agency, said Wednesday it had reached an agreement with Iran to examine allegations that Tehran has studied how to design nuclear weapons. Welcoming the move following talks in Tehran, IAEA chief

Published 24 Apr, 2008 12:00am

US military kills 15 gunmen in Baghdad: Iraqi forces control Basra

US troops said on Wednesday they killed 15 gunmen overnight in Shia areas of Baghdad where fighting has raged for weeks between militiamen loyal to Iraqi cleric Moqtada al-Sadr and security forces.

Published 24 Apr, 2008 12:00am

CIA director to retire from military, stay at CIA

CIA Director Michael Hayden said on Wednesday he will retire from the US Air Force but continue at the intelligence agency. "I recently informed the Department of Defence of my intention to retire from the United States Air Force," Hayden, a general, said

Published 24 Apr, 2008 12:00am

'Ethiopia army slit throats in Somali mosque'

Amnesty International accused Ethiopian soldiers on Wednesday of killing 21 people, including an imam and several Islamic scholars, at a Mogadishu mosque and said seven of the victims had their throats slit.

Published 24 Apr, 2008 12:00am

Sterling's gains on BoE minutes

Sterling rallied on Wednesday after Bank of England minutes showed two votes against easing policy this month, but gains proved short-lived as the news did not change expectations of another rate cut in June.

Published 24 Apr, 2008 12:00am

Euro retreats in London

The euro retreated from a record high versus the dollar on Wednesday after a fall in manufacturing activity suggested that euro zone is starting to feel the pinch of a global slowdown and a strong currency.

Published 24 Apr, 2008 12:00am

Indian rupee falls

The Indian rupee fell to a three-week low on Wednesday, after staying in a narrow band most of the day, weighed down by overseas investors repatriating funds and by traders covering short dollar positions.

Published 24 Apr, 2008 12:00am

Wednesday's afternoon trade: market edges higher; Boeing boosts Dow

The Dow and S&P 500 edged higher on Wednesday as stronger-than-expected profits from Boeing Co offset Ambac Financial Group Inc's stock slide on worries about the bond insurer's outlook. The Nasdaq was up 1.1 percent as investors bet that Apple Inc would

Published 24 Apr, 2008 12:00am

Credit indices narrow

European credit spreads tightened in afternoon trading on Wednesday, helped by a late bounce in equities and better-than-expected first-quarter profits from Boeing Co. "It's the normalisation of credit markets," a London-based trader said. "In the absence

Published 24 Apr, 2008 12:00am

Credit indices narrow

Published 24 Apr, 2008 12:00am

Asian spreads widen further

Asian bond spreads widened on Wednesday for the second session running amid concern over high oil prices and weakening corporate profits in the United States, Asia's largest export market.

Published 24 Apr, 2008 12:00am

Asian spreads widen further

Asian bond spreads widened on Wednesday for the second session running amid concern over high oil prices and weakening corporate profits in the United States, Asia's largest export market.

Published 24 Apr, 2008 12:00am

Singapore shares higher

Singapore share prices closed 0.21 percent higher on Wednesday during cautious bargain hunting, dealers said. The blue chip Straits Times Index (STI) rose 6.61 points to 3,193.84 on volume of 1.88 billion shares worth 1.99 billion Singapore dollars (1.49

Published 24 Apr, 2008 12:00am

Closing stock market indices

Major stock markets outside the United States ended on Wednesday.

Published 24 Apr, 2008 12:00am

UK's top share index surges

Britain's blue chip index ended higher on Wednesday as buoyant US crude prices pushed heavyweight oil shares higher, while banking stocks suffered on fears over further rights issues. The FTSE 100 was up 48.9 points, or 0.8 percent at 6,083.6 after touchi

Published 24 Apr, 2008 12:00am

'Food price turmoil could hit cocoa output'

The global food price crisis could affect cocoa production if it triggers social unrest in key growers such as Ivory Coast and Cameroon, the 10-nation Cocoa Producers' Alliance (COPAL) said on Wednesday.

Published 24 Apr, 2008 12:00am

London coffee, white sugar fall

A resurgent dollar and easing oil prices triggered fund and investor selling of London robusta coffee and white sugar futures on Wednesday, while cocoa edged higher, led by fund buying in the US market. Benchmark July robusta coffee futures fell more than

Published 24 Apr, 2008 12:00am

Oil gains on US gasoline inventory fall

Oil rose on Wednesday after US government data showed a bigger-than-expected decline in gasoline stocks ahead of the summer driving season, offsetting a build in crude inventories. US crude for June delivery settled 23 cents higher at $118.30 a barrel. Su

Published 24 Apr, 2008 12:00am

European wheat dips

European wheat futures fell sharply in afternoon trade, pressured by a slide on US markets at the open and news that Ukraine had "practically" re-opened its grain export shipments, traders said. Traders said prices had also been pressured by prospects for

Published 24 Apr, 2008 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 24 Apr, 2008 12:00am

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 24 Apr, 2008 12:00am

New York cotton futures soften

Cotton futures closed softer on speculative sales and last-minute liquidation of positions in the spot contract before it goes into delivery later on Wednesday, brokers said. The ICE Futures' May cotton contract eased 0.01 cent to end at 70.79 cents per l

Published 24 Apr, 2008 12:00am

Experts warn India on grain harvest

India has forecast a record grain harvest but experts warned Wednesday farm productivity would have to rise much faster to feed the nation of 1.1 billion people and avert a food security crisis.

Published 24 Apr, 2008 12:00am

Tin hits new record high

Copper prices slipped with other commodities on Wednesday as investors seeing a firmer dollar took profits, while tin hit a new record high. Tin touched $24,210 a tonne, a gain of nearly 8 percent from Tuesday's close, on worries about supplies from top p

Published 24 Apr, 2008 12:00am

Gold falls in London

Gold shed more than 2 percent on Wednesday as the dollar gained ground against the euro and oil beat a retreat from record highs, traders said. Spot gold sank to an intraday low of $897.10 an ounce before steadying around 900.20/901.20 by 1428 GMT, well b

Published 24 Apr, 2008 12:00am

US MIDDAY: corn slips

US corn futures closed lower early on Wednesday amid profit-taking after the strong rally on Tuesday, traders said. Improved corn planting weather in US Midwest weighs in addition to spillover pressure from falling wheat.

Published 24 Apr, 2008 12:00am

US MIDDAY: wheat down

Wheat futures on the Chicago Board of Trade ended 4 percent lower and spot May hit a 5-month low early on Wednesday on ideas of a large global harvest starting in the Northern Hemisphere in less than two months, traders said.

Published 24 Apr, 2008 12:00am

US MIDDAY: coffee falls, cocoa mixed

Arabica coffee futures trading on ICE Futures US slipped early Wednesday in light trade and on pressure from London's weak robusta coffee market, while cocoa futures were mixed after tapping a 5-week high on fund buying.

Published 24 Apr, 2008 12:00am

US MIDDAY: sugar lower

Raw sugar futures ended easier early on Wednesday on investor sales following early losses in the crude complex, with brokers saying the market's direction depends heavily on what happens in other commodity markets.

Published 24 Apr, 2008 12:00am

US MIDDAY: soyabeans turn up

Soyabean futures on the Chicago Board of Trade turned higher in early moves on Wednesday on concerns about labour unrest in Argentina that could boost demand for US soya, traders said. As of 9:55 am CDT (1455 GMT), May soyabeans were up 6-1/4 cents at $13

Published 24 Apr, 2008 12:00am

US MIDDAY: copper plunges

US copper futures at the New York Mercantile Exchange's COMEX division ended lower early on Wednesday as a firmer US dollar and a potential resolution to a week-long strike at Chile's Codelco encouraged some investors to cash in, brokers and analysts said

Published 24 Apr, 2008 12:00am

US MIDDAY: gold futures lower

Gold futures on the COMEX division of the New York Mercantile Exchange ended nearly 2 percent lower early on Wednesday, briefly dropping below $900 an ounce as the dollar bounced higher, triggering nervous long liquidation.

Published 24 Apr, 2008 12:00am

Dried palm trees along the motorway

A wiseman said two things about palm tree; it doesn't provide proper shadow and its fruit is out of reach. If he would have travelled from Islamabad to Peshawar on M1, he would added a third point; it doesn't grow along a motorway.

Published 24 Apr, 2008 12:00am

Why was PIA banned by EU?

The EU Transport Commissioner is on record said that slapping of EU ban is worse than a series of fatal crashes for the credibility of an airline. PIA the national airline of Pakistan suffered this ignominy, because of poor management by the airline and f

Published 24 Apr, 2008 12:00am

Partly Facetious: diplomats' objections to UN probe request

"Did you hear the latest about the request for a UN probe into BB's assassination?"

Published 24 Apr, 2008 12:00am

Mumbai's bid to be global finance hub laden with hurdles

With one of Asia's largest slums, congested streets and sometimes startling whiffs of human waste, Mumbai may not be everyone's first choice for a world-class financial centre. Yet that is exactly what India hopes it will become in the next decade as it r

Published 24 Apr, 2008 12:00am

There's ample evidence that stagflation has returned

Recession in the US is spreading worldwide, despite talks of "de-coupling," and other vague terms to camouflage the reality. What is stagflation? The word 'stagflation' was coined to describe the combination of rising prices with declining growth. It happ

Published 24 Apr, 2008 12:00am

At the edge of a precipice? - I

Now that the election process has been completed, the members of the Parliament taken oath, the new Prime Minister too has taken oath, and the new government assumed its challenging responsibilities, it is indeed an opportune moment to look back and evalu

Published 24 Apr, 2008 12:00am

A good decision

The Federal Board of Revenue (FBR) has made a well-merited intervention to stop the Directorate General of Intelligence and Investigation (DGI&I) from exercising powers under SRO 48 (1), 2008, to detect tax fraud - a move that drew a collective voice of p

Published 24 Apr, 2008 12:00am

Inflation expectations

Hyper or soaring inflation is the worst nightmare for the economic managers of a country. Reuters, the international news agency, has said that Pakistan could face this unfortunate situation if appropriate measures were not taken in time to counter the me

Published 24 Apr, 2008 12:00am

Sindh chief secretary lauds ADB's cooperation

Sindh Chief Secretary Fazlur Rehman has said that Sindh province is rich in natural resources and plans are in hands for developing these resources through better management practices. Initiatives are also being taken in this regard with the cooperation o

Published 24 Apr, 2008 12:00am

Seminar on role of mother in promotion of education held

The Concern-Lane Alliance for Rural Areas (CLARA) organised a seminar on the theme role of mother in promotion of education at Holy Rosary School in Faisalabad. The purpose of the seminar was to emphasise the significance of education in the modern era an

Published 24 Apr, 2008 12:00am

District government to spend Rs 400 million on road network

District Government will spend more than Rs 400 million during current fiscal year on the construction of 200-km long new roads in Sialkot, Pasrur, Daska and Sambrial tehsils of the district. Official sources told Business Recorder here on Wednesda

Published 24 Apr, 2008 12:00am

PFD gets 38,812 metric tonnes wheat

The Punjab Food Department (PFD) has received 38,812 metric tonnes of wheat in its current wheat procurement drive this year. "The department has also distributed over 41, 73,000 gunny bags (bardana) to growers from its centres set up across the province,

Published 24 Apr, 2008 12:00am

NRC to take CBMs for Balochistan

First Meeting of newly formed National Reconciliatory Committee (NRC) for Balochistan Wednesday decided to take confidence building measures in order to start national reconstruction drive for Balochistan.

Published 24 Apr, 2008 12:00am

Package for Balochistan people being prepared: Gabool

Pakistan People's Party (PPP) leader Nabil Gabool has said that a package is being prepared to help remove sense of deprivation of the people of Balochistan.

Published 24 Apr, 2008 12:00am

Five more inducted in NWFP cabinet

Five more ministers were on Wednesday inducted in the NWFP cabinet climbing the tally of the cabinet members to 26. NWFP Governor Owais Ahmad Ghani administered the oath to the newly inducted ministers in a ceremony held here at Governor's House. Chief Mi

Published 24 Apr, 2008 12:00am

Health professionals concerned over Type-II diabetes

Health professionals have expressed grave concern over increasing incidents of Type-II diabetes and urged the parents to promote healthy lifestyle among their children.

Published 24 Apr, 2008 12:00am

Multan Chamber opposes revised gas tariff

Industrialists, traders and exporters have opposed the proposal of increasing the natural gas tariff describing it fatal for industry. The President, Multan Chambers of Commerce and Industry (MCCI), Khawaja Muhammad Jalaluddin Roomi said, Pakistani export

Published 24 Apr, 2008 12:00am

Sialkot-Lahore motorway to be completed in three years

The development work on mega project of Sialkot-Lahore motorway costing Rs 40 billion would be carried out by June next. Official sources told Business Recorder here on Wednesday that the project would be accomplished in three years stipulated peri

Published 24 Apr, 2008 12:00am

Vohra made LCCI Standing Body Chairman

The Lahore Chamber of Commerce and Industry (LCCI) has appointed its former vice president Aftab Ahmad Vohra as LCCI Standing Committee Chairman on 'Pak-India Business Promotion'. Vohra is a renowned businessman and has done a lot of work to enhance the I

Published 24 Apr, 2008 12:00am

SP told to register case against accused for detaining wife

The Lahore High Court has ordered SP Model Town to register a case against Amir Farhan husband of Dr Shazia for illegally detaining his US national wife and two minors and misbehaving the court bailiff.

Published 24 Apr, 2008 12:00am

Workshop on child rights protection

The Society for the Protection of the Rights of the Child (Sparc)'s Centre is organising a three-day certificate course on "Child Protection Legal Framework" here on April 24.

Published 24 Apr, 2008 12:00am

Pakistan infrastructure investment moot rescheduled

In order to enable a more robust showcasing of major infrastructure projects and investment opportunities, the "Pakistan Infrastructure Investment Conference 2008" has been rescheduled which would now be held after the presentation of the national budget

Published 24 Apr, 2008 12:00am

NWFP carbon sequestration project may be ready by 2013

NWFP Environment and Forest Minister Wajid Ali Khan has said the provincial government with the assistance of the federal government has launched a mega project 'Carbon Sequestration' worth Rs 3,004 million, which would be completed by 2013.

Published 24 Apr, 2008 12:00am

Five killed as vehicle plunges into deep ravine

Five persons were killed when a vehicle plunged into a deep ravine at Pattan area in Kohistan district here on Wednesday morning.

Published 24 Apr, 2008 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 20	278.70
USD PKR Interbank Buying / Jan 20	278.50
USD to Japanese Yen / Jan 20	156.03
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.22
Euro to USD / Jan 20	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39
France CAC40 / Jan 17	7,709.75
India Sensex / Jan 20	77,231.09
Tokyo Nikkei / Jan 20	38,932.72

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Petrol/Litre / Jan 20	256.13
Crude Oil USD/Barrel / Jan 20	77.94
Gold Spot USD/Ounce / Jan 20	2,707.81
Diesel/Litre / Jan 20	260.95

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Jan 20 First Capital Equities Limited(FCEL)	6.22 ▲ 0.94 (17.80%)
Burj Clean Energy Modaraba / Jan 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.60 ▲ 1.00 (13.16%)
I.C.C. Ind. / Jan 20 ICC Industries Limited(ICCI)	11.61 ▲ 1.06 (10.05%)
Loads Limited / Jan 20 Loads Limited(LOADS)	17 ▲ 1.55 (10.03%)
AKD Securities / Jan 20 AKD Securities Limited(AKDSL)	24.93 ▲ 2.27 (10.02%)
Ghani Chem. Ind. / Jan 20 Ghani Chemical Industries Limited(GCIL)	18.24 ▲ 1.66 (10.01%)
Attock Cement / Jan 20 Attock Cement Pakistan Limited(ACPL)	254.47 ▲ 23.13 (10.00%)
Crescent Cotton / Jan 20 Crescent Cotton Mills Limited(CCM)	49.50 ▲ 4.50 (10.00%)
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	84.80 ▲ 7.71 (10.00%)

Stock	Price
Faisal Sp. / Jan 20 Faisal Spinning Mills Limited(FASM)	334.01 ▼ -35.89 (-9.70%)
Universal Ins. / Jan 20 The Universal Insurance Company Limited(UVIC)	8.50 ▼ -0.77 (-8.31%)
Sec. Inv. Bank / Jan 20 Security Investment Bank Limited(SIBL)	10.20 ▼ -0.89 (-8.03%)
F.Credit & Inv / Jan 20 First Credit and Investment Bank Limited(FCIBL)	7.15 ▼ -0.61 (-7.86%)
AN Textile Mill / Jan 20 AN Textile Mills Limited(ANTM)	11.80 ▼ -0.99 (-7.74%)
Suhail Jute / Jan 20 Suhail Jute Mills Limited(SUHJ)	105.10 ▼ -8.11 (-7.16%)
Service Textile / Jan 20 Service Industries Textiles Limited(SERT)	13.96 ▼ -1.02 (-6.81%)
First Elite Cap.Mod / Jan 20 First Elite Capital Modaraba(FECM)	6.01 ▼ -0.41 (-6.39%)
Next Capital / Jan 20 Next Capital Limited(NEXT)	10.30 ▼ -0.69 (-6.28%)

Stock	Volume
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	101,934,297 ▲ 0.02
Lotte Chemical / Jan 20 Lotte Chemical Pakistan Limited(LOTCHEM)	40,482,400 ▲ 1.71
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	36,888,747 ▲ 2.23
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	32,496,536 ▲ 0.36
Dewan Motors / Jan 20 Dewan Farooque Motors Limited(DFML)	28,438,701 ▲ 1.93
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	24,244,731 ▲ 7.71
Fauji Foods Ltd / Jan 20 Fauji Foods Limited(FFL)	16,809,928 ▲ 0.13
Cnergyico PK / Jan 20 Cnergyico PK Limited(CNERGY)	16,567,303 ▲ 0.07
K-Electric Ltd. / Jan 20 K-Electric Limited(KEL)	16,176,076 ▼ -0.02

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