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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-06-18
Darfur, repatriation may delay Sudan elections

Darfur, repatriation may delay Sudan elections

Conflict in Darfur and the slow return of millions displaced by civil war may delay beyond 2009 Sudan's first free election in more than two decades, the country's last democratically elected leader said. Sadig al-Mahdi, the prime minister deposed in 1989
Published 18 Jun, 2008 12:00am
Britain's 'lyrical terrorist' wins court appeal

Britain's 'lyrical terrorist' wins court appeal

A British woman who called herself the "lyrical terrorist" and wrote a poem about beheading a hostage, won an appeal against a criminal conviction in London on Tuesday. Samina Malik, 23, had been convicted last year of possessing documents useful to terro
Published 18 Jun, 2008 12:00am
South Korean labour group calls strike

South Korean labour group calls strike

A 600,000-strong South Korean labour group on Tuesday announced a one-day strike next month to protest against the president's economic reform plans, adding pressure on the embattled leader facing calls for his ouster.
Published 18 Jun, 2008 12:00am
Indian government struggles with US nuclear pact

Indian government struggles with US nuclear pact

The future of a key nuclear energy pact between New Delhi and Washington appeared bleak Tuesday with the Indian government apparently failing to win over sceptical left-wing allies.
Published 18 Jun, 2008 12:00am
EU's oil, food and treaty woes crowd summit

EU's oil, food and treaty woes crowd summit

Unrest over soaring oil and food prices and a slowing economy converge with political woes over Ireland's rejection of a European Union reform treaty to put pressure on EU leaders at a summit in Brussels this week.
Published 18 Jun, 2008 12:00am
India deports over 100 Bangladeshi women

India deports over 100 Bangladeshi women

More than 100 smuggled Bangladeshi women have been deported from India back to Bangladesh over the past week at checkpoints along the porous 460-kilometre border, a prominent body of local women lawyers said Tuesday.
Published 18 Jun, 2008 12:00am
UN envoy meets with Mugabe on Zimbabwe election

UN envoy meets with Mugabe on Zimbabwe election

A United Nations envoy met Zimbabwe's President Robert Mugabe on Tuesday to discuss the violent political crisis ahead of this month's presidential election run-off. The visit of Assistant Secretary-General for Political Affairs Haile Menkerios is the fir
Published 18 Jun, 2008 12:00am
Court allows Anwar to challenge 1998 dismissal

Court allows Anwar to challenge 1998 dismissal

Malaysia's highest court has ruled that opposition leader Anwar Ibrahim can take legal action to challenge his 1998 sacking as deputy prime minister, his lawyer confirmed Tuesday.On Monday, the Federal Court decided unanimously that Anwar would be allowed
Published 18 Jun, 2008 12:00am
Silk Road city locked down ahead of torch relay

Silk Road city locked down ahead of torch relay

China locked down the far-western former Silk Road city of Kashgar on Tuesday in preparation for the passage of the Olympic torch relay through the sensitive region populated by ethnic-minority Muslim Uighurs. Shops lining Wednesday's torch route were shu
Published 18 Jun, 2008 12:00am
US embassy in Abu Dhabi warns its nationals of terror threat

US embassy in Abu Dhabi warns its nationals of terror threat

The US embassy in the United Arab Emirates (UAE) warned its nationals Tuesday of potential terror threats in the region ahead of the July 4 celebrations a day after the British embassy there issued a similar warning.
Published 18 Jun, 2008 12:00am
Sarkozy unveils major defence overhaul

Sarkozy unveils major defence overhaul

President Nicolas Sarkozy announced an overhaul of France's military on Tuesday to create a smaller and more mobile army, committing Paris to closer ties with Nato and a stronger European defence policy.
Published 18 Jun, 2008 12:00am
Army probe of journalists death flawed: US inspector

Army probe of journalists death flawed: US inspector

US soldiers who shot dead a Reuters journalist in Iraq three years ago acted appropriately, but the Army's probe of the incident was flawed because evidence went missing, a Pentagon investigation said. Reuters said it was disappointed the Defence Departme
Published 18 Jun, 2008 12:00am
McCain touts energy conservation, oil exploration

McCain touts energy conservation, oil exploration

US Republican presidential candidate John McCain will call on Tuesday for energy conservation and the lifting of a ban on oil and natural gas exploration as two ways to help address the nation's "dangerous" dependence on foreign oil.
Published 18 Jun, 2008 12:00am
iSixes World Series cancelled

iSixes World Series cancelled

The iSixes World Series, a new tournament billed as a six-a-side extravaganza featuring some of the top names in the game, has collapsed, organisers told AFP Tuesday. The event was launched here amid much fanfare in May with teams from all nine Test playi
Published 18 Jun, 2008 12:00am
Ronaldo moves closer to Manchester United exit

Ronaldo moves closer to Manchester United exit

Cristiano Ronaldo appears to be edging closer to joining Real Madrid after reports in England on Tuesday claimed the Manchester United winger is ready to demand a transfer after Euro 2008. Ronaldo has made it clear he would like to sign for the Spanish ch
Published 18 Jun, 2008 12:00am
Ponting happy to keep winning despite talk of decline

Ponting happy to keep winning despite talk of decline

Ricky Ponting admits that Australia are clearly in transition, but he emphasises that they continue to win Test matches and Test series which is very important. Australia completed an 87-run victory in the third and final Test against West Indies on Monda
Published 18 Jun, 2008 12:00am
Lampard or Deco for Inter, not both

Lampard or Deco for Inter, not both

Inter Milan president Massimo Moratti has confirmed that his club will buy either Frank Lampard or Deco in their summer spending spree, but not both. Lampard was one of new Inter coach Jose Mourinho's lieutenants at Chelsea, whilst Deco has long been link
Published 18 Jun, 2008 12:00am
MCC committee approves Pietersen switch hitting

MCC committee approves Pietersen switch hitting

The Marylebone Cricket Club (MCC) approved on Tuesday the switch-hitting technique used by England batsman Kevin Pietersen to hit two sixes in Sunday's one-day international against New Zealand. Pietersen changed his stance and grip twice from right-hande
Published 18 Jun, 2008 12:00am
Austrian media lament early exit

Austrian media lament early exit

In the end there was to be no "miracle" of Vienna for the Austrian national side, whose early exit from the Euro 2008 championships they co-hosted with the Swiss the media lamented on Tuesday. A 1-0 final Group B loss to Germany left the Austrians joint b
Published 18 Jun, 2008 12:00am
Flintoff back in action

Flintoff back in action

England all-rounder Andrew Flintoff made his comeback from a side strain in Lancashire's second-team match against Durham on Tuesday. Flintoff suffered the injury ahead of England's first Test against New Zealand, ruling him out of the entire series, but
Published 18 Jun, 2008 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Tuesday, but lacked conviction despite a second day of solid gains in the stock market as dollar demand from private banks and oil importers weighed. The partially convertible rupee ended at 42.885/895 per dollar, 0.13 percent str
Published 18 Jun, 2008 12:00am
Oil falls on Saudi output hike plan

Oil falls on Saudi output hike plan

Oil prices slipped from record highs on Tuesday on plans by top exporter Saudi Arabia to increase crude output to help curb soaring fuel costs. The move by the Opec kingpin came as American and British regulators imposed position limits on US crude contra
Published 18 Jun, 2008 12:00am
Aluminium climbs, copper down

Aluminium climbs, copper down

Copper prices were underpinned by a weak dollar and robust industrial production data from China, which boosted expectations of strong demand, traders and analysts said. Aluminium touched its highest level in almost a month at $3,046 per tonne, boosted by
Published 18 Jun, 2008 12:00am
UK's top share index rises

UK's top share index rises

Britain's top share index ended 1.2 percent higher on Tuesday, as results from the largest US investment bank Goldman Sachs helped lift banking stocks, while firm commodity prices boosted the mining and oil sectors. The FTSE 100 closed up 67.3 points at 5
Published 18 Jun, 2008 12:00am
Asian bond spreads firm

Asian bond spreads firm

Asian bonds were broadly firm on Tuesday after US cable operator Time Warner Cable Inc made the biggest high-grade debt sale in a month, but investors were cautious due to the growing pipeline of new issues in the region. Indonesian and Philippine bonds w
Published 18 Jun, 2008 12:00am
Asian bond spreads firm

Asian bond spreads firm

Asian bonds were broadly firm on Tuesday after US cable operator Time Warner Cable Inc made the biggest high-grade debt sale in a month, but investors were cautious due to the growing pipeline of new issues in the region. Indonesian and Philippine bonds w
Published 18 Jun, 2008 12:00am
Tuesday's early afternoon trade: Wall Street declines

Tuesday's early afternoon trade: Wall Street declines

US stocks fell on Tuesday as Goldman Sachs warned that banks may need to raise an additional $65 billion, stoking worries about further fallout from the mortgage crisis. Goldman said the global credit crisis will not peak until 2009 and lowered its price
Published 18 Jun, 2008 12:00am
Credit spreads edge tighter

Credit spreads edge tighter

European credit spreads inched tighter on Tuesday, helped by reassuring results from Goldman Sachs, buoyant equity markets and moderate US core producer price index data. By 1515 GMT, the Markit investment-grade iTraxx Europe index was at 79.75 basis poin
Published 18 Jun, 2008 12:00am
Credit spreads edge tighter

Credit spreads edge tighter

European credit spreads inched tighter on Tuesday, helped by reassuring results from Goldman Sachs, buoyant equity markets and moderate US core producer price index data. By 1515 GMT, the Markit investment-grade iTraxx Europe index was at 79.75 basis poin
Published 18 Jun, 2008 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

Cotton futures settled easier on Tuesday on investor profit-taking as the market retreated after charging to its highest level in over seven weeks although the market is seen moving higher in the weeks ahead, brokers said. "We did move too far, too fast,
Published 18 Jun, 2008 12:00am
Dollar slips in London

Dollar slips in London

The dollar slipped against the euro while sterling sold off widely on Tuesday as traders broadly scaled back expectations of how high US, euro zone and UK interest rates will be raised to tame inflation.
Published 18 Jun, 2008 12:00am
Sterling falls

Sterling falls

Sterling fell to near a one-month low on Tuesday after the Bank of England said it was uncertain about the path to take to get British inflation back on track following higher than expected inflation data.
Published 18 Jun, 2008 12:00am
Assad begins India visit

Assad begins India visit

Syrian President Bashar al-Assad on Tuesday arrived in India on a five-day visit during which the two countries are expected to enhance bilateral relations and sign several agreements, officials said. This is the first visit to India by Assad and the firs
Published 18 Jun, 2008 12:00am
British ministers forego pay rise to stem inflation

British ministers forego pay rise to stem inflation

British Prime Minister Gordon Brown said on Tuesday that government ministers would forego their annual pay rise to set an example to other public sector workers at a time of rising inflation. "Given the importance of public sector pay restraint at a time
Published 18 Jun, 2008 12:00am
Afghanistan and Iraq drive up global refugee toll

Afghanistan and Iraq drive up global refugee toll

The conflicts in Iraq and Afghanistan drove up the number of world refugees for a second straight year in 2007, the United Nations said on Tuesday. The UN High Commissioner for Refugees (UNHCR) said there were 11.4 million refugees under its responsibilit
Published 18 Jun, 2008 12:00am
Low turnout in French strike on pensions, 35-hour week

Low turnout in French strike on pensions, 35-hour week

Tens of thousands of French workers demonstrated against government plans to reform pensions and the 35-hour work week on Tuesday but the biggest labour union conceded turnout was lower than it had hoped. The relatively low participation, by French standa
Published 18 Jun, 2008 12:00am
Iran to keep money in European banks

Iran to keep money in European banks

Iran is not planning to move assets from European banks, a banking official said on Tuesday, rejecting reports it is making major withdrawals to dodge impending EU sanctions. "No money from Iranian banks has been transferred out of European banks to Iran
Published 18 Jun, 2008 12:00am
Air strikes kill six in Gaza Strip

Air strikes kill six in Gaza Strip

Israel launched three back-to-back air strikes in the southern and central Gaza Strip on Tuesday afternoon, killing at least six Palestinian gunmen, medical officials said. Four of the dead were militants of the al Quds Brigades, the armed wing of the rad
Published 18 Jun, 2008 12:00am
Nawaz and Zardari meeting today

Nawaz and Zardari meeting today

An important meeting between the Pakistan Muslim League-N Mian Nawaz Sharif and Pakistan People's Party Co-Chairman Asif Ali Zardari is being held at the former's residence here on Wednesday.
Published 18 Jun, 2008 12:00am
Israel and Hamas reach Gaza truce deal

Israel and Hamas reach Gaza truce deal

Israel and the Islamist Hamas movement have agreed to begin a Gaza truce in two days, Egyptian mediators said on Tuesday after months of negotiations to try to halt bloodshed in and around the impoverished territory. The first phase of the ceasefire will
Published 18 Jun, 2008 12:00am
CKE in deal to open Hardee's locations in Pakistan

CKE in deal to open Hardee's locations in Pakistan

CKE Restaurants Inc said on Tuesday that it signed agreements with MDS Foods Pte Ltd and Global Food Connection LLC to open 25 Hardee's restaurants in Pakistan over the next five years. MDS Foods will open 15 Hardee's units in Lahore over the next five ye
Published 18 Jun, 2008 12:00am
CKE in deal to open Hardee's locations in Pakistan

CKE in deal to open Hardee's locations in Pakistan

CKE Restaurants Inc said on Tuesday that it signed agreements with MDS Foods Pte Ltd and Global Food Connection LLC to open 25 Hardee's restaurants in Pakistan over the next five years. MDS Foods will open 15 Hardee's units in Lahore over the next five ye
Published 18 Jun, 2008 12:00am
CKE in deal to open Hardee''s locations in Pakistan

CKE in deal to open Hardee''s locations in Pakistan

CKE Restaurants Inc said on Tuesday that it signed agreements with MDS Foods Pte Ltd and Global Food Connection LLC to open 25 Hardee''s restaurants in Pakistan over the next five years. MDS Foods will open 15 Hardee''s units in Lahore over the next five
Published 18 Jun, 2008 12:00am
Four killed in sectarian ambush

Four killed in sectarian ambush

Gunmen Tuesday ambushed a car in a bazaar in north-west Pakistan, killing four people, a day after a bomb at a Shia mosque left four dead, officials said. The suspected sectarian attack happened in the main market in the troubled town of Hangu, 100 kilome
Published 18 Jun, 2008 12:00am
Four killed in sectarian ambush

Four killed in sectarian ambush

Gunmen Tuesday ambushed a car in a bazaar in north-west Pakistan, killing four people, a day after a bomb at a Shia mosque left four dead, officials said. The suspected sectarian attack happened in the main market in the troubled town of Hangu, 100 kilome
Published 18 Jun, 2008 12:00am
FBR to allow sales tax refund to AJK manufacturers

FBR to allow sales tax refund to AJK manufacturers

The Federal Board of Revenue (FBR) has accepted a major demand of the Azad Jammu and Kashmir (AJK) government to allow sales tax refund to the AJK registered manufacturers against inputs purchased from Pakistan. Sources told Business Recorder on Tu
Published 18 Jun, 2008 12:00am
China expected to increase VAT rebate on textiles

China expected to increase VAT rebate on textiles

It is anticipated the Chinese government will soon make an official announcement that the export tax rebate on textiles has been increased from the current 11 percent to 13 percent, while the tax rebate on apparel will change from 11 percent to 15 percent
Published 18 Jun, 2008 12:00am
China expected to increase VAT rebate on textiles

China expected to increase VAT rebate on textiles

It is anticipated the Chinese government will soon make an official announcement that the export tax rebate on textiles has been increased from the current 11 percent to 13 percent, while the tax rebate on apparel will change from 11 percent to 15 percent
Published 18 Jun, 2008 12:00am
China expected to increase VAT rebate on textiles

China expected to increase VAT rebate on textiles

It is anticipated the Chinese government will soon make an official announcement that the export tax rebate on textiles has been increased from the current 11 percent to 13 percent, while the tax rebate on apparel will change from 11 percent to 15 percent
Published 18 Jun, 2008 12:00am
MV Behr Kusha inducted in PN

MV Behr Kusha inducted in PN

To enhance the dredging capabilities of country's naval forces, MV Behr Kusha (Dredger) was handed over to Pakistan Navy at an impressive ceremony held at Shanghai Waigaoqiao Shipyard. The dredger has been purchased by the Pakistan Navy from China Shipbui
Published 18 Jun, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Jun, 2008 12:00am
Car bomb at Baghdad market kills 51

Car bomb at Baghdad market kills 51

A powerful car bomb exploded in a crowded market area of Baghdad on Tuesday, killing 51 people and wounding 75, in the biggest attack in the Iraqi capital in months. The bomb blew up near the main market in the predominantly Shi'ite neighbourhood of al-Hu
Published 18 Jun, 2008 12:00am
Car bomb at Baghdad market kills 51

Car bomb at Baghdad market kills 51

A powerful car bomb exploded in a crowded market area of Baghdad on Tuesday, killing 51 people and wounding 75, in the biggest attack in the Iraqi capital in months. The bomb blew up near the main market in the predominantly Shi'ite neighbourhood of al-Hu
Published 18 Jun, 2008 12:00am
Implementation of peace deal: militants set a week's deadline

Implementation of peace deal: militants set a week's deadline

Pro-Taliban militants in the restive valley of Swat said Tuesday that they intended severing all contacts with the Pakistani government, accusing it of delaying the implementation of last month's peace agreement."Our shura (council) of senior Taliban lead
Published 18 Jun, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (June 17, 2008).

Published 18 Jun, 2008 12:00am
Implementation of peace deal: militants set a week's deadline

Implementation of peace deal: militants set a week's deadline

Pro-Taliban militants in the restive valley of Swat said Tuesday that they intended severing all contacts with the Pakistani government, accusing it of delaying the implementation of last month's peace agreement."Our shura (council) of senior Taliban lead
Published 18 Jun, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jun, 2008 12:00am
Government urged to withdraw duty hike on dry milk

Government urged to withdraw duty hike on dry milk

The Karachi Chamber of Commerce and Industry (KCCI) on Tuesday urged the government to withdraw import duty increase on vegetable fat filled milk powder and vegetable milk powder. The KCCI expressed displeasure over increase of import duty from 20 percent
Published 18 Jun, 2008 12:00am
M&C Saatchi partners with Pirana

M&C Saatchi partners with Pirana

M&C Saatchi, the global network, has announced a new partnership in the country with Pirana, one of the country's fastest growing agencies. Pirana was founded in May 2006, and has grown to become one of Pakistan's fastest-growing agencies, with over 50 st
Published 18 Jun, 2008 12:00am
Samsung OMNIA SGH-1900 launched

Samsung OMNIA SGH-1900 launched

Samsung Electronics Co Ltd, on Tuesday launched Samsung OMNIA SGH-1900, said a press release. It will be freely available at markets from end June this year. It brings together high performance business content, top of the range style and a fun, dynamic m
Published 18 Jun, 2008 12:00am
Government asked to prepare new NFC Award

Government asked to prepare new NFC Award

After a daylong debate here on Tuesday, Pildat seminar submitted recommendations to the government for taking the challenges confronting Pakistan upfront.
Published 18 Jun, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (June 17, 2008).

Published 18 Jun, 2008 12:00am
Senate body for capping of Presidency budget

Senate body for capping of Presidency budget

The Senate Standing Committee on Finance wants capping of President House budget at the level of revised expenditure in 2008-09 following voluntary reduction in the budget of the Senate, National Assembly and Prime Minister House.
Published 18 Jun, 2008 12:00am
Aishwarya to play Benazir's role

Aishwarya to play Benazir's role

Aishwarya Rai will be playing former premier Benazir Bhutto's role in a biographical movie. The 35 year old former Miss World disclosed this in a talk show with a private TV channel. According to industry insiders, Aishwarya is being top lined to play the
Published 18 Jun, 2008 12:00am
Shaheed Bhutto Atta Scheme

Shaheed Bhutto Atta Scheme

Governor Punjab Salmaan Taseer will inaugurate 'Shaheed Bhutto Atta Scheme' at Doobanpura Sabzazar here on June 18 (Wednesday). The Governor will also address a gathering on the occasion.
Published 18 Jun, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rupee moved both ways against dollar in the currency market on Tuesday, money experts said. In the interbank market, the rupee gained five paisa at 66.90 in relation to dollar for buying and it also rose by four paisa for selling at 66.95, they said.
Published 18 Jun, 2008 12:00am
Lawmakers stress promotion of agriculture sector

Lawmakers stress promotion of agriculture sector

Legislators from both sides in the National Assembly on Tuesday emphasised on developing agriculture sector through supporting small growers to prevent the present wheat crisis-like situation.
Published 18 Jun, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Rupee moved both ways against dollar in the currency market on Tuesday, money experts said. In the interbank market, the rupee gained five paisa at 66.90 in relation to dollar for buying and it also rose by four paisa for selling at 66.95, they said.
Published 18 Jun, 2008 12:00am
Najmi made coordinator to LG minister for KW&SB

Najmi made coordinator to LG minister for KW&SB

Provincial Minister for Local Governments Aga Siraj Durrani has nominated Najmi Alam as his co-ordinator for Karachi Water and Sewerage Board (KW&SB). According to a statement issued here on Tuesday, Durrani has nominated Najmi Alam as his co-ordinator wh
Published 18 Jun, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 17, 2008).

Published 18 Jun, 2008 12:00am
Tax arrears settlement incentive scheme soon

Tax arrears settlement incentive scheme soon

The federal government has empowered the Federal Board of Revenue (FBR) to launch Tax Arrears Settlement Incentive Scheme (Tasis)-2008 to waiver of additional tax, penalty on payment of principal amount of income tax.
Published 18 Jun, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 17, 2008).

Published 18 Jun, 2008 12:00am
Efforts underway to train female workforce

Efforts underway to train female workforce

Pakistan Manpower Institute (PMI) has organised a two-day seminar on "Participation of the Female Workforce in the Economy - Issues, Challenges and Perspectives" here on Tuesday.
Published 18 Jun, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 17, 2008).

Published 18 Jun, 2008 12:00am
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