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May 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-05-03
Salman takes over as new foreign secretary today

Salman takes over as new foreign secretary today

Pakistan's Ambassador to China Salman Bashir arrived here on Friday to take up his new assignment as Foreign Secretary. He will formally assume his new responsibilities on Saturday, replacing Riaz Muhammad Khan. On his arrival at Islamabad Airport, he was
Published 03 May, 2008 12:00am
Donors pledge $11.3 billion to ADB to tackle poverty

Donors pledge $11.3 billion to ADB to tackle poverty

Donors to the Asian Development Bank have pledged $11.3 billion for the four years 2009 to 2012 to replenish the multi-lateral body's key poverty alleviation fund for Asia's poorest countries, the bank said on Friday.
Published 03 May, 2008 12:00am
Donors pledge $11.3 billion to ADB to tackle poverty

Donors pledge $11.3 billion to ADB to tackle poverty

Donors to the Asian Development Bank have pledged $11.3 billion for the four years 2009 to 2012 to replenish the multi-lateral body''s key poverty alleviation fund for Asia''s poorest countries, the bank said on Friday.
Published 03 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
Gilani, Qureshi due in Multan today

Gilani, Qureshi due in Multan today

Prime Minister Syed Yousaf Raza Gilani and Foreign Minister Makhdoom Shah Mehmood Qureshi will be accorded a rousing reception in the City on May 3, when they reach here for the first time after becoming ministers. The Prime Minister will be accompanied b
Published 03 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
Major reshuffle in bureaucracy

Major reshuffle in bureaucracy

The federal government on Friday made the second major reshuffle in top level bureaucracy by transferring/posting half dozen secretaries including the Finance Secretary, besides promoting 28 officials of grade 21 to 22. Establishment Division formally iss
Published 03 May, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
Major reshuffle in bureaucracy

Major reshuffle in bureaucracy

The federal government on Friday made the second major reshuffle in top level bureaucracy by transferring/posting half dozen secretaries including the Finance Secretary, besides promoting 28 officials of grade 21 to 22. Establishment Division formally iss
Published 03 May, 2008 12:00am
Donors pledge $11.3 billion to ADB to tackle poverty

Donors pledge $11.3 billion to ADB to tackle poverty

Donors to the Asian Development Bank have pledged $11.3 billion for the four years 2009 to 2012 to replenish the multi-lateral body's key poverty alleviation fund for Asia's poorest countries, the bank said on Friday.
Published 03 May, 2008 12:00am
Salman takes over as new foreign secretary today

Salman takes over as new foreign secretary today

Pakistan's Ambassador to China Salman Bashir arrived here on Friday to take up his new assignment as Foreign Secretary. He will formally assume his new responsibilities on Saturday, replacing Riaz Muhammad Khan. On his arrival at Islamabad Airport, he was
Published 03 May, 2008 12:00am
UN tribute to media warriors for Press Freedom Day

UN tribute to media warriors for Press Freedom Day

The United Nations on Friday paid tribute to those journalists who die or suffer injuries or secret detention in hostile regimes simply because they are exercising their profession. Ahead of World Press Freedom Day on Saturday, spokeswoman Marie Heuze sai
Published 03 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
UN tribute to media warriors for Press Freedom Day

UN tribute to media warriors for Press Freedom Day

The United Nations on Friday paid tribute to those journalists who die or suffer injuries or secret detention in hostile regimes simply because they are exercising their profession. Ahead of World Press Freedom Day on Saturday, spokeswoman Marie Heuze sai
Published 03 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
OGDC withdraws EoI for LPG extraction plants: SHC informed

OGDC withdraws EoI for LPG extraction plants: SHC informed

Sindh High Court was told on Friday that board of directors of Oil & Gas Development Corporation in its resolution passed on April 28, 2008 resolved to set up LPG Extraction Plants in accordance with government of Pakistan LPG production and distribution
Published 03 May, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
OGDC withdraws EoI for LPG extraction plants: SHC informed

OGDC withdraws EoI for LPG extraction plants: SHC informed

Sindh High Court was told on Friday that board of directors of Oil & Gas Development Corporation in its resolution passed on April 28, 2008 resolved to set up LPG Extraction Plants in accordance with government of Pakistan LPG production and distribution
Published 03 May, 2008 12:00am
OGDC withdraws EoI for LPG extraction plants: SHC informed

OGDC withdraws EoI for LPG extraction plants: SHC informed

Sindh High Court was told on Friday that board of directors of Oil & Gas Development Corporation in its resolution passed on April 28, 2008 resolved to set up LPG Extraction Plants in accordance with government of Pakistan LPG production and distribution
Published 03 May, 2008 12:00am
Al-Jazeera cameraman returns home from Guantanamo

Al-Jazeera cameraman returns home from Guantanamo

A Sudanese cameraman with the Arab satellite news channel Al-Jazeera on Friday accused US authorities of insulting Islamic symbols on his return home after six years of detention at Guantanamo Bay.
Published 03 May, 2008 12:00am
WTO breakthrough possible in July: Uruguay envoy

WTO breakthrough possible in July: Uruguay envoy

Negotiators are making progress in world trade talks, but a goal to have trade ministers meet this month in Geneva to reach a breakthrough may be too ambitious, a senior Uruguayan diplomat said.
Published 03 May, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 02, 2008).
Published 03 May, 2008 12:00am
Dubai World launches $5 billion syndicated loan

Dubai World launches $5 billion syndicated loan

State-owned investment group Dubai World has launched syndication of a $5 billion term loan, which will be used to refinance the borrower's $5 billion, 364-day bridge loan that signed last year, a banking source said on Friday. The loan consists of a two-
Published 03 May, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 02, 2008).

Published 03 May, 2008 12:00am
UN ignored peacekeepers' abuses in Congo: HRW

UN ignored peacekeepers' abuses in Congo: HRW

United Nations investigators "ignored, minimised, or shelved" allegations of serious abuses committed by Indian and Pakistani peacekeepers in Congo, New York-based Human Rights Watch (HRW) said on Friday.
Published 03 May, 2008 12:00am
Sost dry port starts operations

Sost dry port starts operations

Pakistan and China have re-opened border for trade and tourism at Khunjrab from May 1. According to a statement issued by the management of the Silk Route Dry Port, the port has also started its business operations with the taking over of the new manageme
Published 03 May, 2008 12:00am
Foundation laid for $60 billion new coastal city in Ajman

Foundation laid for $60 billion new coastal city in Ajman

Ajman government and Solidere International have entered a joint venture to develop a new city 'Al Zorah' with an investment of $60 billion in the United Arab Emirates. The joint venture is aimed at developing the emirate's coastline into a sustainable re
Published 03 May, 2008 12:00am
ISE index down 27.08 points

ISE index down 27.08 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where selling pressure intensified in hot favourite amid decrease in index. ISE-10 Index showed a decrease of 27.08 points, as it moved from 3228.38 to 3,201.30 points. The volume of tr
Published 03 May, 2008 12:00am
South Sudan defence minister killed in air crash

South Sudan defence minister killed in air crash

South Sudan's defence minister was killed on Friday in a plane crash along with at least 18 other people, most of them senior members of the southern former rebel leadership. Dominic Dim Deng's plane crashed some 375 kilometres from the southern capital J
Published 03 May, 2008 12:00am
South Sudan defence minister killed in air crash

South Sudan defence minister killed in air crash

South Sudan's defence minister was killed on Friday in a plane crash along with at least 18 other people, most of them senior members of the southern former rebel leadership. Dominic Dim Deng's plane crashed some 375 kilometres from the southern capital J
Published 03 May, 2008 12:00am
Malaysia's Maybank signals major acquisition

Malaysia's Maybank signals major acquisition

Malaysia's largest lender, Malayan Banking Bhd (Maybank), plans to announce a major acquisition on Monday amid speculation it wants to buy a strategic stake in MCB Bank. Maybank, which last month declined to comment on a newspaper report that it was in ta
Published 03 May, 2008 12:00am
Malaysia's Maybank signals major acquisition

Malaysia's Maybank signals major acquisition

Malaysia's largest lender, Malayan Banking Bhd (Maybank), plans to announce a major acquisition on Monday amid speculation it wants to buy a strategic stake in MCB Bank. Maybank, which last month declined to comment on a newspaper report that it was in ta
Published 03 May, 2008 12:00am
Malaysia''s Maybank signals major acquisition

Malaysia''s Maybank signals major acquisition

Malaysia''s largest lender, Malayan Banking Bhd (Maybank), plans to announce a major acquisition on Monday amid speculation it wants to buy a strategic stake in MCB Bank. Maybank, which last month declined to comment on a newspaper report that it was in t
Published 03 May, 2008 12:00am
13 Muttahida, 7 PPP ministers take oath

13 Muttahida, 7 PPP ministers take oath

The number of Sindh cabinet members reached to 41 from 21 on Friday when 13 member of provincial assembly (MPAs) from Muttahida Qaumi Movement (MQM) and seven from Pakistan People's Party (PPP) were administered oath by Sindh Governor Dr Ishratul Ibad.
Published 03 May, 2008 12:00am
'China has secret nuclear submarine base'

'China has secret nuclear submarine base'

China is building a major underground nuclear submarine base on the southern tip of Hainan Island, defence group Jane's said Friday. Jane's Intelligence Review, a respected defence periodical, said satellite images of the base from imagery provider Digita
Published 03 May, 2008 12:00am
UNSC urges credible vote in Myanmar

UNSC urges credible vote in Myanmar

The UN Security Council urged Myanmar's government on Friday to ensure a May 10 referendum on an army-drafted constitution is credible by allowing all political actors to participate. The constitution is a key component of a seven-step "roadmap to democra
Published 03 May, 2008 12:00am
Maliki criticised by Sadr City crowds

Maliki criticised by Sadr City crowds

Crowds of Shia Muslims launched a tirade against Iraqi Prime Minister Nuri al-Maliki during Friday prayers in Baghdad's Sadr City and urged him to end a stalemate with their leader Moqtada al-Sadr. "The government must remember that power is not eternal,"
Published 03 May, 2008 12:00am
Dalai Lama envoys travel to China for talks

Dalai Lama envoys travel to China for talks

Senior envoys of the Dalai Lama are travelling to China to meet the government over the crisis in Tibet, the government-in-exile said on Friday, only three months before the Beijing Olympics open. After a crackdown on protests against Chinese rule in Tibe
Published 03 May, 2008 12:00am
Abbas security move aims to bolster statehood bid

Abbas security move aims to bolster statehood bid

Palestinian President Mahmoud Abbas will deploy hundreds of members of his security forces in the northern West Bank city of Jenin as early as Saturday, expanding a Western-backed campaign to bolster statehood talks.
Published 03 May, 2008 12:00am
Somali militants warn foreigners

Somali militants warn foreigners

Islamist militants on Friday vowed to avenge the killing of a man said to be al Qaeda's chief in war-torn Somalia and warned people from nations they consider hostile to stay away from the country. The US military on Thursday killed Moalim Aden Hashi Ayro
Published 03 May, 2008 12:00am
Gasoline tax hike turns more voters off Japan's Prime Minister

Gasoline tax hike turns more voters off Japan's Prime Minister

Support for Japanese Prime Minister Yasuo Fukuda has slumped to about 20 percent after his ruling coalition reinstated an unpopular tax on gasoline and raised health care fees for some elderly, media polls showed on Friday.
Published 03 May, 2008 12:00am
Ferrer reaches Barcelona semi-final

Ferrer reaches Barcelona semi-final

Second seed David Ferrer came through his second tough battle in as many days to reach the semi-finals of the Barcelona Open with a 7-6 6-4 win over Spanish compatriot Tommy Robredo on Friday. The world number five, pushed hard by Ecuadorian Nicolas Lapen
Published 03 May, 2008 12:00am
Ronaldo named England's Footballer of the Year

Ronaldo named England's Footballer of the Year

Manchester United winger Cristiano Ronaldo was voted England's Footballer of the Year on Friday - only the second player to win the award in successive seasons since its introduction 60 years ago. Liverpool striker Fernando Torres and Portsmouth goalkeepe
Published 03 May, 2008 12:00am
Moscow 'ready for fan influx' for Champions League final

Moscow 'ready for fan influx' for Champions League final

Moscow is as ready as it can be to cope with the influx of thousands of British fans expected when the Russian capital hosts this month's Champions League final, a city official said on Friday. Moscow has been planning to host the May 21 match for two yea
Published 03 May, 2008 12:00am
Singapore's hopes rest on reluctant Li

Singapore's hopes rest on reluctant Li

After nearly 50 years without a medal, Singapore is pinning its Olympic dreams on a China-born table tennis player who says she loves playing the piano more than her sport. Li Jia Wei, 26, the captain of a team ranked eighth in the world by the Internatio
Published 03 May, 2008 12:00am
Rs 220 million suit against Shoaib Akhter

Rs 220 million suit against Shoaib Akhter

A civil judge will proceed with a Rs 220 million suit against national pace-bowler Shoaib Akhter filed by Chairman PCB, Nasim Ashraf. The suit will be pleaded by PCB legal advisor Taffazul H Rizvi after the lapse of time given to Shoaib, in a legal notice
Published 03 May, 2008 12:00am
PFF announces revised draws of NFCC

PFF announces revised draws of NFCC

The Pakistan Football Federation (PFF) has announced revised draws of National Football Challenge Cup (NFCC) after the extraction of four-times National Champion Pakistan Army and another Tier-I outfit Pakistan Television (PTV). The event turned into 14-t
Published 03 May, 2008 12:00am
Japanese officials side with referee over 'death' threat

Japanese officials side with referee over 'death' threat

Japanese officials have decided a referee accused of using abusive language during a J-League game did not tell a player to "die". The Japan Football Association (JFA) on Friday rejected claims by Oita Trinita's Taikai Uemoto that match official Yuichi Ni
Published 03 May, 2008 12:00am
Canadian dollar lower

Canadian dollar lower

The Canadian dollar was knocked down 1 percent to its lowest level in over two weeks versus the US dollar on Thursday due mainly to a decline in prices for the key commodities that Canada produces. The Canadian dollar closed at C$1.0193 to the US dollar o
Published 03 May, 2008 12:00am
Asian currencies ease

Asian currencies ease

Asian currencies fell on Friday as demand for the US dollar grew because of the view that the Federal Reserve may not cut interest rates further, which was reinforced by firmer than expected US manufacturing data. After a one-day Labour Day break, most As
Published 03 May, 2008 12:00am
Australian dollar off lows on data

Australian dollar off lows on data

The Australian dollar was lifted from lows by better-than-expected economic data on Friday, but failed to make much headway against a buoyant US currency due to lower commodity and gold prices. Analysts said the key US jobs report for April due later in t
Published 03 May, 2008 12:00am
Fed pause views spark broad dollar rally

Fed pause views spark broad dollar rally

The dollar rose to a five-week high against the euro on Thursday as traders took profits on the European currency amid optimism that the Federal Reserve's cycle of cutting interest rates might be done. That view was bolstered by slightly stronger-than-exp
Published 03 May, 2008 12:00am
Fed steady near two-month peak

Fed steady near two-month peak

The dollar was steady near a two-month high against a basket of major currencies on Friday after US data reinforced expectations the Federal Reserve will keep interest rates on hold for a while. Reports the previous day showing that manufacturing activity
Published 03 May, 2008 12:00am
Swiss franc near flat

Swiss franc near flat

The Swiss franc traded little changed against other major currencies on Friday ahead of the widely watched US labour market report and the Swiss Purchasing Managers' Index (PMI). The franc held mostly steady against the dollar compared to the New York clo
Published 03 May, 2008 12:00am
Chinese markets closed

Chinese markets closed

China's stock, money, foreign exchange and commodity futures markets are closed on Thursday and Friday for the Labour Day holidays. Trading will resume on Monday, May 5.
Published 03 May, 2008 12:00am
Indian shares gain

Indian shares gain

Indian share prices rose 1.81 percent on Friday as global markets surged on the back of easing concerns about the US economy and further oil price falls, dealers said. They said interest rate sensitive sectors like banking, automobile and property continu
Published 03 May, 2008 12:00am
Singapore shares 2.81 percent up

Singapore shares 2.81 percent up

Singapore share prices closed 2.81 percent higher on Friday as concerns over the US economy eased, dealers said. The blue chip Straits Times Index rose 88.31 points to 3,236.10 on volume of 1.47 billion shares worth 2.16 billion Singapore dollars (1.59 bi
Published 03 May, 2008 12:00am
Manila shares at 18-month low

Manila shares at 18-month low

Philippine share prices closed 1.0 percent lower on Friday, hitting an 18-month low amid continued fears of inflation, dealers said. Returning from the May Day holiday, investors were also more cautious ahead of the release next week of quarterly results
Published 03 May, 2008 12:00am
Nikkei ends at four-month high

Nikkei ends at four-month high

Japan's Nikkei stock average rose more than 2 percent on Friday to its highest close in nearly four months, buoyed by exporters such as Advantest Corp on a softer yen and a rally on Wall Street amid growing optimism about the US economy.
Published 03 May, 2008 12:00am
Jakarta shares surge

Jakarta shares surge

Indonesian shares closed 1.7 percent higher on Friday on strong first-quarter earnings by major companies, with investors ignoring April inflation data released earlier in the day, dealers said. The Jakarta Composite Index closed up 38.24 points to 2,342.
Published 03 May, 2008 12:00am
Malaysian shares drop

Malaysian shares drop

Malaysian share prices closed 0.7 percent lower on Friday led by a slump in plantation stocks as commodity prices fell, dealers said. They said commodities fell as the dollar gained on better than expected US economic data and hopes that the Federal Reser
Published 03 May, 2008 12:00am
US Treasury prices fall

US Treasury prices fall

US Treasury debt prices fell on Thursday as a stock rally quelled demand for low-risk government bonds and investors raised their expectations that the Fed will hold interest rates stead in the coming months. The stock market jumped on upbeat results from
Published 03 May, 2008 12:00am
US Treasury prices fall

US Treasury prices fall

US Treasury debt prices fell on Thursday as a stock rally quelled demand for low-risk government bonds and investors raised their expectations that the Fed will hold interest rates stead in the coming months. The stock market jumped on upbeat results from
Published 03 May, 2008 12:00am
US stocks rally

US stocks rally

US stocks rose on Thursday as a rebound in the dollar and retreating oil prices calmed fears about inflation, renewing investors' appetite for riskier assets, including undervalued technology shares. The three major indexes closed at the highest level sin
Published 03 May, 2008 12:00am
Hong Kong stocks end firmer

Hong Kong stocks end firmer

Hong Kong stocks rose on Friday, tracking strong Asian and US shares, as lower oil prices boosted energy firms such as Sinopec and financial and property plays gained on renewed US optimism. But analysts warned that euphoria over a rally in US markets cou
Published 03 May, 2008 12:00am
Thai share prices finish higher

Thai share prices finish higher

Thai share prices closed 1.29 percent higher on Friday as investors were buoyed by gains in the US market, dealers said. They said investors also hoped for an improved economic outlook for Thailand after a positive earnings reports from Thai companies for
Published 03 May, 2008 12:00am
German consumers set to boost first quarter growth

German consumers set to boost first quarter growth

Consumers probably gave the German economy a boost in the first quarter after retail sales rose again in March, official data showed on Friday. Month-on-month, retail sales increased by 0.2 percent, according to a preliminary estimate from the Bundesbank.
Published 03 May, 2008 12:00am
Nortel loss grows, but it expects to meet targets

Nortel loss grows, but it expects to meet targets

Nortel Networks Corp posted a bigger first-quarter loss on Friday as a series of charges weighed on results, but the telecommunications equipment maker reassured investors that it still expects to meet its full-year targets, which sent its shares higher.
Published 03 May, 2008 12:00am
Nortel loss grows, but it expects to meet targets

Nortel loss grows, but it expects to meet targets

Nortel Networks Corp posted a bigger first-quarter loss on Friday as a series of charges weighed on results, but the telecommunications equipment maker reassured investors that it still expects to meet its full-year targets, which sent its shares higher.
Published 03 May, 2008 12:00am
Dubai Holding unit makes $3.85 billion on property sales

Dubai Holding unit makes $3.85 billion on property sales

A unit of Dubai Holding, owned by the ruler of the Arab emirate, said profit last year almost doubled to $3.85 billion after it sold more land and property amid a real estate boom in the Gulf.
Published 03 May, 2008 12:00am
Dubai Holding unit makes $3.85 billion on property sales

Dubai Holding unit makes $3.85 billion on property sales

A unit of Dubai Holding, owned by the ruler of the Arab emirate, said profit last year almost doubled to $3.85 billion after it sold more land and property amid a real estate boom in the Gulf.
Published 03 May, 2008 12:00am
Rentokil first-quarter profit slumps, to slash dividend

Rentokil first-quarter profit slumps, to slash dividend

British pest control to parcel delivery group Rentokil Initial expects to slash its dividend this year after first-quarter profit more than halved, it said on Friday. The services group, which has issued three profit warnings since December, announced a s
Published 03 May, 2008 12:00am
Rentokil first-quarter profit slumps, to slash dividend

Rentokil first-quarter profit slumps, to slash dividend

British pest control to parcel delivery group Rentokil Initial expects to slash its dividend this year after first-quarter profit more than halved, it said on Friday. The services group, which has issued three profit warnings since December, announced a s
Published 03 May, 2008 12:00am
Cadbury shares trading in line with forecasts

Cadbury shares trading in line with forecasts

Britain's Cadbury Plc started trading in line with analysts expectations on Friday on its first day of trading as a standalone confectionery group with its North American Dr Pepper unit to be listed next week. Cadbury shares were trading at 633 pence by 1
Published 03 May, 2008 12:00am
Cadbury shares trading in line with forecasts

Cadbury shares trading in line with forecasts

Britain's Cadbury Plc started trading in line with analysts expectations on Friday on its first day of trading as a standalone confectionery group with its North American Dr Pepper unit to be listed next week. Cadbury shares were trading at 633 pence by 1
Published 03 May, 2008 12:00am
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