News Archives for Print - 2008-04-28

Oil pipeline closure sparks fuel panic in Britain

Britain on Sunday shut down a North Sea pipeline which supplies 40 percent of its oil and gas, sparking panic-buying of petrol after a strike at a major refinery.

Published 28 Apr, 2008 12:00am

IBM unleashes fastest UNIX system

The IBM has announced two high-end Power Systems models - the world's fastest UNIX server and a unique water-cooled supercomputer. An announcement to this effect was made in a statement issued here on Thursday.

Published 28 Apr, 2008 12:00am

Future computers to talk and feel

A computer that can interact with humans and react to their non-verbal gestures is being developed by a European team. Known as SEMAINE, the project will build a sensitive artificial listener (SAL) system, which will perceive user's facial expression, gaz

Published 28 Apr, 2008 12:00am

Windows works well on One Laptop Per Child machine

Microsoft Corp's Windows software works well on the One Laptop Per Child Foundation's XO Laptop, the group's founder said in an e-mail posted on his group's website on Wednesday.

Published 28 Apr, 2008 12:00am

Artificially cooling Earth may prove perilous: study

Radical proposals to inject sulfur particles into the Earth's stratosphere to cool it down and battle global warming could instead badly damage the ozone layer, a study warned on April 24.

Published 28 Apr, 2008 12:00am

Aerobic exercise may improve aging brain

Keeping the heart fit with aerobic exercise may also boost older adults' brainpower, a research review suggests.

Published 28 Apr, 2008 12:00am

Security risk from climate underestimated: report

Countries around the world have hugely underestimated the potential conflicts stemming from climate change and must invest heavily to correct that mistake, a report said on April 23.

Published 28 Apr, 2008 12:00am

Bone biopsy can help treat diabetic foot infection

A biopsy of the bone can help doctors determine what antibiotic is the best to use in treating diabetic patients with serious foot infections, according to findings published in the journal Diabetes Care. This approach may help patients avoid surgery.

Published 28 Apr, 2008 12:00am

'Arctic ice melting faster than predicted'

Arctic sea ice is melting "significantly faster" than predicted and is approaching a point of no return, conservation group the World Wildlife Fund (WWF) warned in a new study released on April 23.

Published 28 Apr, 2008 12:00am

Protein that cuts malignancy of breast cancer discovered

Researchers have discovered a protein which can reduce the malignancy of breast cancer tumours and also predict whether the cancer will metastasise, according to a study published on April 21.

Published 28 Apr, 2008 12:00am

New Zealand's largest glacier will disappear

New Zealand's largest glacier is shrinking fast due to climate change and will eventually disappearr altogether, scientists said The 23-kilometre (14.3 mile) long glacier in the South Island's Southern Alps is likely to shrink at a rate of between 500 and

Published 28 Apr, 2008 12:00am

Mammography benefits may have no age limit

Women aged 80 and older who have regular mammograms significantly reduce their chances of being diagnosed with late-stage breast cancer, according to a new study. Yet only about 20 percent of women in this age group get mammograms regularly.

Published 28 Apr, 2008 12:00am

Large waist may raise death risk for women

Women with large bellies may die earlier of heart disease and cancer than other women, regardless of their weight, a large US study suggests. The findings, reported in the medical journal Circulation, add to evidence that when it comes to health risks, ov

Published 28 Apr, 2008 12:00am

'Greenhouse gas levels rise in 2007'

Global greenhouse gas emissions including main offender carbon dioxide rose in 2007 despite efforts to curb them, a US government agency said. Atmospheric CO2 increased by 0.6 percent or 19 billion tonnes over 2006 levels, the National Oceanic and Atmosph

Published 28 Apr, 2008 12:00am

Exposure to ozone in smog linked to premature death

Even short-term exposure to common levels of ozone in smog is likely to contribute to premature deaths, a new National Research Council report warned.

Published 28 Apr, 2008 12:00am

German high-speed train derails after hitting sheep

Four people were seriously injured when a German Intercity Express (ICE) train derailed at a speed of over 200 km (120 mph) per hour after hitting a flock of sheep in a tunnel near Fulda, German police said on Sunday.

Published 28 Apr, 2008 12:00am

Merkel urges Germans to buy fuel-efficient cars

Germans should buy more fuel-efficient cars, Chancellor Angela Merkel said, even though her government is fighting European Union efforts to force down carbon dioxide emissions.

Published 28 Apr, 2008 12:00am

Bangladesh eyes bumper rice crop, but worries linger

Bangladesh may be harvesting a bumper rice crop, seen up 17 percent from last year and making up more than half its total demand, offering some relief to millions who risk starvation at a time of record world prices.

Published 28 Apr, 2008 12:00am

No quick fix to soothe Asian rice shortage fears

Asia's fear of impending rice shortages looks to have become something of a self-fulfilling prophecy and exposed the over-reliance of many of the region's economies on food subsidies and other market-imbalancing steps.

Published 28 Apr, 2008 12:00am

Saudi inflation nears 10 percent, ups pressure on government

Inflation in Saudi Arabia jumped to almost 10 percent in March, its highest since at least the oil boom of the 1970s, raising pressure on the state to offset price pressures on the oil exporter's 25 million people.

Published 28 Apr, 2008 12:00am

Greenspan and Bush to blame for US crisis: Stiglitz

Former Federal Reserve Chairman Alan Greenspan and the government of US President George W. Bush were to blame for the US financial crisis, Nobel laureate economist Joseph Stiglitz said in a magazine interview.

Published 28 Apr, 2008 12:00am

IMF says Bangladesh economy to grow up to six percent

The economy of Bangladesh should grow up to 6 percent in the current year as agriculture, exports and domestic revenue collection were showing positive signs, the International Monetary Fund (IMF) said on Sunday.

Published 28 Apr, 2008 12:00am

Japan mulling rice flour production subsidy: Nikkei

Japan is thinking of subsidising the production of rice flour to help boost its use as an alternative to costly wheat flour, the Nikkei business daily said on Sunday.

Published 28 Apr, 2008 12:00am

Thailand will not cut rice exports: Prime Minister

Thailand's prime minister Samak Sundaravej promised Sunday that the kingdom would not cut rice exports, as soaring prices of Asia's staple grain continued to fuel concerns of a shortage.

Published 28 Apr, 2008 12:00am

Rich get richer in Britain despite credit crunch

Britain's rich are getting richer despite the global credit crunch and are now worth more than 400 billion pounds ($790 billion). The Sunday Times newspaper said the collective worth of the top 1,000 in its annual Rich List rose 53 billion pounds in the p

Published 28 Apr, 2008 12:00am

Bangladesh raises CNG-run vehicles fare by 35 percent

Bangladesh has increased fares of public transport run by compressed natural gas (CNG) by almost 35 percent, a senior official said on Sunday. "We are monitoring strictly whether the new fare is being followed and if any one charges more than the fixed fa

Published 28 Apr, 2008 12:00am

Nadal creates Monte Carlo history with victory over Federer

Rafael Nadal won an historic fourth successive Monte Carlo Masters title on Sunday as he defeated world number one Roger Federer 7-5, 7-5 in the latest instalment of their epic rivalry.

Published 28 Apr, 2008 12:00am

Formula One bosses divided over Mosley

Formula One bosses were divided at the Spanish Grand Prix over a call for Max Mosley to stand down as head of the sport's governing body after a sex scandal. Bosses of all teams except struggling Super Aguri held what some described as a heated meeting wi

Published 28 Apr, 2008 12:00am

Russia and Spain reach Fed Cup final

Five-time champions Spain reached the Fed Cup final Sunday, thumping China 4-1 to set up a title decider with Russia. Nuria Llagostera Vives beat Peng Shuai 6-4, 6-4 in one hour and 34 minutes to give Spain an unassailable 3-0 lead after the first match.

Published 28 Apr, 2008 12:00am

Indian board feeling 'let down' by Harbhajan

India's cricket board felt "let down" by Harbhajan Singh after a slapping incident involving compatriot Shanthakumaran Sreesanth. Harbhajan was suspended on Saturday pending a disciplinary hearing and the incident, which happened in an IPL game on Friday,

Published 28 Apr, 2008 12:00am

'United showing signs of Cracking up'

German international captain Michael Ballack believes Manchester United are showing signs of cracking up as the Premier League title race enters the final furlong.

Published 28 Apr, 2008 12:00am

Emotional Clarke wins BMW Asian Open

Darren Clarke sank a huge birdie putt on the final hole to win the BMW Asian Open here on Sunday for a highly emotional victory that he dedicated to his sons following the death of their mother.

Published 28 Apr, 2008 12:00am

Valverde wins Liege-Bastogne-Liege

Spanish rider Alejandro Valverde won his second Liege-Bastogne-Liege classic here on Sunday. Two days after turning 28 the master classic rider outpointed Italy's Davide Rebellin and Luxembourg's Frank Schleck in a sprint to the line at the end of the 261

Published 28 Apr, 2008 12:00am

UBL's Investment Banking Group - Providing Innovative and Efficient Capital Solutions

United Bank Limited's Investment Banking Group ("UBL IBG") is one of the largest corporate finance houses in Pakistan and has been conferred the largest Corporate Finance House award for three out of the last five years by the CFA Association of Pakistan.

Published 28 Apr, 2008 12:00am

Pak Kuwait Investment Company: Background Information

Pakistan Kuwait Investment Company (Private) Limited (Pak-Kuwait) was established in the year 1979 with an initial paid-up capital of Rs 250 million. It is a leading Financial Institution engaged in investment and development financing activities.

Published 28 Apr, 2008 12:00am

Mutual Fund Industry in Pakistan: Potential and Future Perspective

In this age of growing competition when the world has become a global village, economic independence, pillared on sound economic indicators including robust and stout investment strength both in capital and financial markets, has become a prerequisite fac

Published 28 Apr, 2008 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Apr, 2008 12:00am

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (April 27, 2008).

Published 28 Apr, 2008 12:00am

Energy:- KOHINOOR ENERGY LIMITED - -Analysis of Financial Statements Financial Year 2002-H 2001 Financial Year 2008

KEL was incorporated in April 1994 with the aim to actively take part in the prosperity of the country through power generation.

Published 28 Apr, 2008 12:00am

Energy:- KOHINOOR ENERGY LIMITED - -Analysis of Financial Statements Financial Year 2002-H 2001 Financial Year 2008

KEL was incorporated in April 1994 with the aim to actively take part in the prosperity of the country through power generation.

Published 28 Apr, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (28 April 2008).

Published 28 Apr, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (28 April 2008).

Published 28 Apr, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (28 April 2008).

Published 28 Apr, 2008 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 21 to 26, 2008).

Published 28 Apr, 2008 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July To December 2007)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 28 Apr, 2008 12:00am

The Weather

The weather report on Sunday (April 27, 2008) and the forecast for Monday (April 28, 2008).

Published 28 Apr, 2008 12:00am

All judges to be restored soon: Gilani

Prime Minister Syed Yousuf Raza Gilani on Sunday categorically stated that all the deposed judges including Chief Justice Iftikhar Muhammad Chaudhry will be restored soon.

Published 28 Apr, 2008 12:00am

India to launch 10 satellites today

India's satellite launch vehicle PSLV-C9 is set to launch 10 satellites in one go on Monday, officials said. The PSLV-C9 is scheduled to put in orbit the Cartosat-2A remote sensing satellite along with an Indian mini-satellite and eight foreign nano satel

Published 28 Apr, 2008 12:00am

India to launch 10 satellites today

India's satellite launch vehicle PSLV-C9 is set to launch 10 satellites in one go on Monday, officials said. The PSLV-C9 is scheduled to put in orbit the Cartosat-2A remote sensing satellite along with an Indian mini-satellite and eight foreign nano satel

Published 28 Apr, 2008 12:00am

Pakistan Steel may earn over Rs three billion net profit in fiscal year 2008

The country's largest steel producer, the Pakistan Steel, will earn over Rs 3 billion net profit by the end of June this year. However, the production level is feared to decline to 80 percent due to increasing cost. While further rise in prices of steel p

Published 28 Apr, 2008 12:00am

Pakistan Steel may earn over Rs three billion net profit in fiscal year 2008

The country's largest steel producer, the Pakistan Steel, will earn over Rs 3 billion net profit by the end of June this year. However, the production level is feared to decline to 80 percent due to increasing cost. While further rise in prices of steel p

Published 28 Apr, 2008 12:00am

Pakistan Steel may earn over Rs three billion net profit in fiscal year 2008

The country''s largest steel producer, the Pakistan Steel, will earn over Rs 3 billion net profit by the end of June this year. However, the production level is feared to decline to 80 percent due to increasing cost. While further rise in prices of steel

Published 28 Apr, 2008 12:00am

US slow in voicing Syria intelligence: lawmakers

The Bush administration has made a strong case that Syria built a nuclear reactor with North Korean help but should not have waited until months after Israel destroyed the suspected facility to share its intelligence with Congress, two US lawmakers said o

Published 28 Apr, 2008 12:00am

United in merger spotlight with US Air, Continental

United Airlines seems to be the prime mover in the next industry merger, and a decision could come soon as carriers are forced to consolidate for survival.

Published 28 Apr, 2008 12:00am

Producers to discuss 'gas Opec': Iran

Representatives from natural gas producing countries meeting this week will discuss forming an Opec-style grouping, an Iranian official said on Sunday, a move opposed by the United States and the European Union. The Gas Exporting Countries Forum (GECF) me

Published 28 Apr, 2008 12:00am

Producers to discuss 'gas Opec': Iran

Representatives from natural gas producing countries meeting this week will discuss forming an Opec-style grouping, an Iranian official said on Sunday, a move opposed by the United States and the European Union. The Gas Exporting Countries Forum (GECF) me

Published 28 Apr, 2008 12:00am

Producers to discuss ''gas Opec'': Iran

Representatives from natural gas producing countries meeting this week will discuss forming an Opec-style grouping, an Iranian official said on Sunday, a move opposed by the United States and the European Union. The Gas Exporting Countries Forum (GECF) me

Published 28 Apr, 2008 12:00am

Oil pipeline closure sparks fuel panic in Britain

Britain on Sunday shut down a North Sea pipeline which supplies 40 percent of its oil and gas, sparking panic-buying of petrol after a strike at a major refinery.

Published 28 Apr, 2008 12:00am

FBR takes steps to improve compliance by regulators

The Federal Board of Revenue (FBR) has taken enforcement steps to improve compliance by the regulatory authorities, whose income becomes taxable under Income Tax Ordinance, 2001 from the last fiscal year.

Published 28 Apr, 2008 12:00am

EFP award ceremony today

The Employers' Federation of Pakistan (EFP) is holding its 3rd Annual EFP Award of Excellence for Best Practices in Occupational Safety and Health at a hotel here on Monday (today). This award ceremony will be held during the seminar being organised to hi

Published 28 Apr, 2008 12:00am

Judicial and political crises loom large

The nation seems to be heading for a fresh judicial and political uncertainty if the coalition government failed to implement the 'Bhurban Declaration' for reinstatement of the deposed judges within the stipulated deadline.

Published 28 Apr, 2008 12:00am

Two killed in road accident

Two persons were killed while five others injured as a result of collision between a tractor and a rickshaw. Sources said a rickshaw No LZD-2133 was going to Phoolnagar from village Jambar when reached near Phoolnagar by-pass a rashly driven tractor struc

Published 28 Apr, 2008 12:00am

Pakistan condemns attack on Karzai

Pakistan on Sunday strongly condemned an early morning attack on a military parade in Afghanistan, targeting President Hamid Karzai and prominent members of his cabinet. "On behalf of the people and government of Pakistan, I strongly condemn the attack,"

Published 28 Apr, 2008 12:00am

SCBA team meets Nawaz

A delegation of Supreme Court Bar Association (SCBA) on Sunday met Muslim League (N) leaders Mian Nawaz Sharif and Shahbaz Sharif at Raiwind Farm in Lahore.

Published 28 Apr, 2008 12:00am

India urged to resolve Kashmir dispute

In occupied Kashmir, the Chairman of All Parties Hurriyet Conference (APHC), Mirwaiz Umar Farooq has reaffirmed Kashmiris pledge to continue their struggle till they secure their right to self-determination.

Published 28 Apr, 2008 12:00am

Negotiations with Taliban: western allies must give Pakistan peace a chance: analysts

The new government is expected to sign a peace deal with Taliban this week, but the pact can only succeed if US and Nato allies, with troops in Afghanistan, give it time, analysts say.

Published 28 Apr, 2008 12:00am

Encouraging local investment will boost economy: ICCI chief

The President of Islamabad Chamber of Commerce & Industry (ICCI), Muhammad Ijaz Abbasi, has said that by encouraging local investment and imposing 1 to 2 percent investment tax would help in bringing the irregular economy in the regular sector, according

Published 28 Apr, 2008 12:00am

Attock Refinery awarded by ACCA, WWF

Attock Refinery Limited (ARL) was awarded the "Best Sustainability Report Award 2007" in the local listed companies' category by Association of Chartered Certified Accountants (ACCA) and WWF. Hameed Ullah Jan Afridi, Federal Minister for Environment was t

Published 28 Apr, 2008 12:00am

Bolan district renamed Kachi

Balochistan Chief Minister, Nawab Muhammad Aslam Raisani on Sunday said the new government has renamed and restored old name of Bolan district as "Kachi district" on willing of people of the district. The chief minister disclosed the renaming of the distr

Published 28 Apr, 2008 12:00am

Negroponte hails Pakistan's democratic progress

Underscoring Pakistan's importance to US interests in the region, a top American diplomat has hailed the country's recent democratic progress in which the Prime Minister's role is assuming greater importance.

Published 28 Apr, 2008 12:00am

Training workshop for tribal journalists concluded

A three-day training workshop for tribal journalists on 'Conflict Reporting' concluded here at the Department of Journalism and Mass Communication (JMC), University of Peshawar on Sunday. Main purpose of the workshop was to train Fata journalists to profe

Published 28 Apr, 2008 12:00am

Workshop on foreign policy today

Two-day workshop on foreign policy making process will be organised at the Goethe Institute here from April 28. This was stated by the Chairman of the Department of International Relations, University of Karachi, Professor Dr Moonis Ahmar.

Published 28 Apr, 2008 12:00am

Government urged to stop export of semi milled rice

Rice exporters have urged the government to stop export of semi milled FAQ quality rice, which is depriving the country of huge foreign exchange as the same rice after processing fetch premium export prices.

Published 28 Apr, 2008 12:00am

World Bank may give $6 million for hydropower environment

The World Bank is considering providing $6 million for Infrastructure Project Development Facility (IPDF) to develop an enabling environment for hydropower business in Pakistan.

Published 28 Apr, 2008 12:00am

Judges' restoration decision is final: Hanif

Pakistan Muslim League-Nawaz (PML-N) leader and Chairman Education Task Force, Muhammad Hanif Abbasi has said that decision regarding restoration of judges is irrevocable.

Published 28 Apr, 2008 12:00am

Roadblocks in South Waziristan lifted

The military has removed all roadblocks in the stronghold of Taliban commander Baitullah Mehsud to open the troubled South Waziristan tribal district to rest of the country amid a proposed peace deal, a news report said on Sunday.

Published 28 Apr, 2008 12:00am

Roadblocks in South Waziristan lifted

The military has removed all roadblocks in the stronghold of Taliban commander Baitullah Mehsud to open the troubled South Waziristan tribal district to rest of the country amid a proposed peace deal, a news report said on Sunday.

Published 28 Apr, 2008 12:00am

Benazir posthumously awarded Irish Tipperary peace award

Former Pakistan Prime Minister Benazir Bhutto was posthumously awarded the prestigious Tipperary International Peace Award for 2007 in an emotion-filled ceremony in this Irish town on Saturday. County Tipperary is the largest inland county on the Irish So

Published 28 Apr, 2008 12:00am

Industries testing laboratory to be set up

Government will establish an international standard testing and checking laboratory, at a cost of Rs 300 million, in Sialkot where sports items, surgical equipment and leather goods would be inspected. Paperwork has been completed in this regard.

Published 28 Apr, 2008 12:00am

Local governments' future to be decided after audit report: Khosa

Chief Minister Punjab Sardar Dost Muhammad Khan Khosa has said that the decision about the future of the local governments would be taken following the audit reports of their accounts. Talking to newsmen before leaving for D. G. Khan he said that the prob

Published 28 Apr, 2008 12:00am

Reformed NAB can be an engine for good governance and transparency

The Chief of Army Staff has recently withdrawn all the serving army officers from the National Accountability Bureau paving the way for the new government to set up its own credible and effective institution for good governance, accountability, transparen

Published 28 Apr, 2008 12:00am

Gilani condemns attack on Afghan military parade

Pakistan's Prime Minister Yousaf Raza Gilani condemned an attack on a military parade attended by Afghan President Hamid Karzai that killed three people, including an MP, officials said on Sunday.

Published 28 Apr, 2008 12:00am

Share values depreciate on LSE

Share values depreciated on the Lahore Stock Exchange (LSE) during the week ended on April 26 2008, chiefly because of the prevailing political unrest, futures settlement problems and reports about re-opening investigations into March 2005 stocks crisis.

Published 28 Apr, 2008 12:00am

Share values depreciate on LSE

Share values depreciated on the Lahore Stock Exchange (LSE) during the week ended on April 26 2008, chiefly because of the prevailing political unrest, futures settlement problems and reports about re-opening investigations into March 2005 stocks crisis.

Published 28 Apr, 2008 12:00am

Ahmadinejad due today

Iranian President Mahmoud Ahmadinejad will visit India and Pakistan this week for talks on issues including the longstanding plans for a pipeline to supply Iranian gas to the two Asian states, an Iranian official said on Sunday.

Published 28 Apr, 2008 12:00am

Ahmadinejad due today

Iranian President Mahmoud Ahmadinejad will visit India and Pakistan this week for talks on issues including the longstanding plans for a pipeline to supply Iranian gas to the two Asian states, an Iranian official said on Sunday.

Published 28 Apr, 2008 12:00am

FBR takes steps to improve compliance by regulators

The Federal Board of Revenue (FBR) has taken enforcement steps to improve compliance by the regulatory authorities, whose income becomes taxable under Income Tax Ordinance, 2001 from the last fiscal year.

Published 28 Apr, 2008 12:00am

Two main gas pipelines blown up

Unknown saboteurs blew up two gas pipelines supplying gas to Och power plant and Punjab in two different incidents in Malguzar area of Jaffarabad and Doli area of Dera Bugti districts in the wee hours of Sunday, police sources told APP.

Published 28 Apr, 2008 12:00am

Bearish trend witnessed on KSE

The Karachi share market witnessed bearish trend during the week ended on April 26, 2008 and the benchmark KSE-100 index declined by 241.60 points to close at 15,434.74 points level from 15,676.34 points. "The market remained largely downbeat with weak in

Published 28 Apr, 2008 12:00am

Bearish trend witnessed on KSE

The Karachi share market witnessed bearish trend during the week ended on April 26, 2008 and the benchmark KSE-100 index declined by 241.60 points to close at 15,434.74 points level from 15,676.34 points. "The market remained largely downbeat with weak in

Published 28 Apr, 2008 12:00am

THE RUPEE: SBP move helps recover some lost ground

Uncertain business in currency market was seen due to panic buying of dollars and the rupee touched the low at 67 for a dollar, but timely move by the State Bank of Pakistan (SBP) helped the Pakistan currency to minimise its losses during the week ended o

Published 28 Apr, 2008 12:00am

THE RUPEE: SBP move helps recover some lost ground

Uncertain business in currency market was seen due to panic buying of dollars and the rupee touched the low at 67 for a dollar, but timely move by the State Bank of Pakistan (SBP) helped the Pakistan currency to minimise its losses during the week ended o

Published 28 Apr, 2008 12:00am

Foreign exchange reserves holding was not that dismal when Musharraf took over

The Finance Ministry has informed the cabinet, that foreign exchange reserves of the country in the last full year of Pakistan Muslim League (N) Government was $2.4 billion and not $1.7 billion as claimed by the previous government.

Published 28 Apr, 2008 12:00am

Foreign exchange reserves holding was not that dismal when Musharraf took over

The Finance Ministry has informed the cabinet, that foreign exchange reserves of the country in the last full year of Pakistan Muslim League (N) Government was $2.4 billion and not $1.7 billion as claimed by the previous government.

Published 28 Apr, 2008 12:00am

Foreign exchange reserves holding was not that dismal when Musharraf took over

The Finance Ministry has informed the cabinet, that foreign exchange reserves of the country in the last full year of Pakistan Muslim League (N) Government was $2.4 billion and not $1.7 billion as claimed by the previous government.

Published 28 Apr, 2008 12:00am

California wildfire forces hundreds to evacuate

A 350-acre wildfire amid blazing hot temperatures forced the evacuation of about 400 homes in the hills northeast of Los Angeles on Sunday, officials said. The cause of the fire, which started Saturday afternoon along a popular hiking trail, was still und

Published 28 Apr, 2008 12:00am

Oil pipeline closure sparks fuel panic in Britain

Britain on Sunday shut down a North Sea pipeline which supplies 40 percent of its oil and gas, sparking panic-buying of petrol after a strike at a major refinery.

Published 28 Apr, 2008 12:00am

Hamas urges end of fuel strike in Gaza

Hamas's government in the Gaza Strip asked a striking Palestinian fuel association on Sunday to resume deliveries in the impoverished territory, a Hamas official said. Israel has sharply cut back on the amount of fuel pumped into the Gaza Strip, which Ham

Published 28 Apr, 2008 12:00am

Hamas urges end of fuel strike in Gaza

Hamas's government in the Gaza Strip asked a striking Palestinian fuel association on Sunday to resume deliveries in the impoverished territory, a Hamas official said. Israel has sharply cut back on the amount of fuel pumped into the Gaza Strip, which Ham

Published 28 Apr, 2008 12:00am

Bearish trend witnessed on KSE

The Karachi share market witnessed bearish trend during the week ended on April 26, 2008 and the benchmark KSE-100 index declined by 241.60 points to close at 15,434.74 points level from 15,676.34 points. "The market remained largely downbeat with weak in

Published 28 Apr, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
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