News Archives for Print - 2008-07-14

The Weather

The weather report on Sunday (July 13, 2008) and the forecast for Monday (July 14, 2008).

Published 14 Jul, 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 14 Jul, 2008 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (July 07 to July 12, 2008).

Published 14 Jul, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (14 July 2008)

Published 14 Jul, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (14 July 2008)

Published 14 Jul, 2008 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (14 July 2008)

Published 14 Jul, 2008 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 14 Jul, 2008 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 14 Jul, 2008 12:00am

Alico AIG Life American Life Insurance Company (Pakistan) Limited

Alico AIG Life has issued Weekly Unit Prices.

Published 14 Jul, 2008 12:00am

PAKISTAN PTA LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2007

Pakistan PTA is a world-class supplier and manufacturer of Pure Terephthalic Acid (PTA), an essential white powder used in the textiles industry as raw material for making polyester fibres. Taking over the PTA business from ICI Pakistan Limited on 1 Octob

Published 14 Jul, 2008 12:00am

PAKISTAN PTA LIMITED - Analysis of Financial Statements Financial Year 2003 - Financial Year 2007

Pakistan PTA is a world-class supplier and manufacturer of Pure Terephthalic Acid (PTA), an essential white powder used in the textiles industry as raw material for making polyester fibres. Taking over the PTA business from ICI Pakistan Limited on 1 Octob

Published 14 Jul, 2008 12:00am

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 13, 2008).

Published 14 Jul, 2008 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 14 Jul, 2008 12:00am

Coal Fired Power Plants: A sustainable source of power generation

Electric supply plays a vital role in any country's economic growth; shortage of electric supply affects all sectors of the society in one way or the other. Uptake of electricity increased with time in both absolute and percentage terms, indicating that i

Published 14 Jul, 2008 12:00am

LPG - an economical and high quality alternative source of fuel

Mueen ud Din Khan, Director Marketing of Wak Group said that 1600 M. Tons of LPG is being produced per day in the country. It is expected that in next 2 years the production would increase by another 1000 tons a day due to a new refinery being set up at c

Published 14 Jul, 2008 12:00am

Life with energy savers and beyond...

Philips began as a lighting company in 1891 as a light bulb manufacturer. Our understanding of physics helped us pioneer many of the twentieth century's key breakthroughs in lighting technology. This in turn forged a successful transition to electronics t

Published 14 Jul, 2008 12:00am

Procter & Gamble Pakistan

Since its humble beginning in 1837 Procter and Gamble has grown rapidly to become one of the prestigious names in the FMCG sector. The Procter & Gamble Corporation manufacturers and markets more than 300 brands in 130 countries and employs 138,000 people

Published 14 Jul, 2008 12:00am

DP World Karachi: Qasim International Container Terminal

Qasim International Container Terminal (QICT) was constituted on July 5, 1994 specifically to tender for the construction and operation of what would be Pakistan's first Dedicated International Container Terminal, to be built at Port Muhammad Bin Qasim on

Published 14 Jul, 2008 12:00am

Karachi International Container Terminal

Karachi International Container Terminal (KICT) is located west of the Indus Delta in the natural deep-water harbour of the century old Port of Karachi.

Published 14 Jul, 2008 12:00am

Video, computer game use outpaces TV viewing among preadolescents

Children under 11 years of age currently spend more time watching videos and playing computer games than watching television, according to a study. Children this age spent a mean of 1.5 hours daily watching television, 1.1 hours watching videos, and 0.5 h

Published 14 Jul, 2008 12:00am

iPhone killer-app is letting users choose software

The first iPhones won praise for their sleek design and elegant touch-screen, but Apple's new computer phones, arrived last week, will use the power of software to make the device like no phone ever seen.

Published 14 Jul, 2008 12:00am

Google lets people create custom virtual realms

Google on Tuesday rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds that can be embedded on websites and melded with other online functions.

Published 14 Jul, 2008 12:00am

Wikipedia opens online library on human genes

A group of US researchers laid out the foundations for a new online library on human genetics stored within the existing framework of open-access encyclopaedia Wikipedia. "There are about 25,000 genes in the humane genome. We have 9,000 articles," said An

Published 14 Jul, 2008 12:00am

Technology reshapes America's classrooms

From online courses to kid-friendly laptops and virtual teachers, technology is spreading in America's classrooms, reducing the need for textbooks, notepads, paper and in some cases even the schools themselves. Just ask 11-year-old Jemella Chambers. She i

Published 14 Jul, 2008 12:00am

Internet flaw may let hackers take over the Web

Computer industry heavyweights are hustling to fix a flaw in the foundation of the Internet that would let hackers control traffic on the World Wide Web. Major software and hardware makers worked in secret for months to create a software "patch" released

Published 14 Jul, 2008 12:00am

Intel to sell in-home health monitoring system

Intel Corp, the world's biggest computer chip maker, on Thursday won clearance from the US Food and Drug Administration to sell an in-home health monitoring system for patients with chronic conditions. The system, called Health Guide, combines an in-home

Published 14 Jul, 2008 12:00am

Only fraction of people recycle old mobile phones: Study

Only three percent of mobile phone users recycle their old handsets and 74 percent have never even considered doing so, a study published on Tuesday by the world's leading cell phone maker Nokia showed.

Published 14 Jul, 2008 12:00am

Yahoo to offer search services to outside firms

Yahoo Inc will let customers, academics and even rivals build customised Web search services on top of its own technology, introducing a resale model into a major Internet market where it ranks a distant No 2 to Google Inc.

Published 14 Jul, 2008 12:00am

IN SHORT: fight over mobile phone patent

Chip makers Broadcom Corp and Qualcomm Inc sparred in an appeals court on Wednesday over patents used to make cell phones that offer Internet and other multimedia features.

Published 14 Jul, 2008 12:00am

IN SHORT: Dreamworks to use Intel technology

DreamWorks Animation SKG Inc plans to use chips from Intel Corp for the creation of 3-D movies, the companies said on Tuesday. DreamWorks will use Intel's visual computing products for 3-D animated feature films starting with its "Monsters vs. Aliens" mov

Published 14 Jul, 2008 12:00am

IN SHORT: BlackBerry in Japan from August

NTT DoCoMo Inc said on Monday it will start selling Research In Motion's BlackBerry smartphones to individual users in Japan from August 1, less than a month after its rival launches Apple Inc's iPhone in the country.

Published 14 Jul, 2008 12:00am

IN SHORT: Russian firm enters Vietnam mobile phone market

Russia's Vimpel Communications will invest 267 million dollars in the Vietnamese mobile telephone joint venture GTEL-Mobile, the company said in a statement. VimpelCom will hold a 40 percent stake while Global Telecommunications Corporation, a Vietnamese

Published 14 Jul, 2008 12:00am

IN SHORT: Yahoo to offer ad-supported free game downloads

Yahoo Inc said on Thursday it would offer its users hundreds of popular casual online games as free downloads backed by revenue from advertising integrated into the games. More than 400 ad-supported games from top casual games publishers like Anarchy Big

Published 14 Jul, 2008 12:00am

IN SHORT: Google Talk comes to iPhone, iPod Touch

Google is making its Google Talk instant-messaging application available for Apple's iPhone and iPod Touch. In addition to sending your friends Gmail messages from your iPhone, you can now chat with them while you're on the move, too!" said Adam Connors,

Published 14 Jul, 2008 12:00am

UK's Wolseley to cut hundreds of jobs: Telegraph

British building materials distributor Wolseley will this week outline plans to cut hundreds of jobs due to trading conditions that are bad enough to warrant a profits warning, the Sunday Telegraph reported. The newspaper said, without citing sources, tha

Published 14 Jul, 2008 12:00am

General Electric readies new generation small-jet engine

General Electric Co's aviation unit is working on a new fuel-efficient jet engine for the next generation of workhorse single-aisle aircraft. No 1 jet engine maker GE is positioning its "eCore" engine, which it says would be 16 percent more fuel-efficient

Published 14 Jul, 2008 12:00am

Gazprom considers gas sales to UK households

State-controlled Russian gas giant Gazprom is examining a possible entry into the UK retail gas market, a spokesman for the company's UK unit said on Sunday. The world's largest gas producer already has a small wholesale business which provides gas to bus

Published 14 Jul, 2008 12:00am

India's diamond traders move house and dream big

The ambitions of Mumbai's diamond traders are grand, even if their offices are not. They nurse dreams of rivalling Belgium's Antwerp as the world's diamond trading capital while sitting in ageing tower blocks that are about as grimy as a cut diamond is sp

Published 14 Jul, 2008 12:00am

Chinese firm to build $1 billion road in Nigeria oil hub

One of China's top engineering firms has signed a $1 billion deal to build a road around the volatile Nigerian city of Port Harcourt, the hub of Africa's biggest oil industry, the AFC development bank said on Sunday.

Published 14 Jul, 2008 12:00am

Kenya court halts $370 million sugar, biofuels project

A Kenyan court has temporarily halted a $370 million sugar and biofuels project in a coastal wetland that conservation groups warned would threaten wildlife and local livelihoods. The government and the country's biggest sugar miller, Mumias, wants to pla

Published 14 Jul, 2008 12:00am

Hyundai to supply parts to China bus maker

Hyundai Motor Co, South Korea's top auto maker, said on Sunday it had agreed to supply parts for buses to Xiamen Golden Dragon Bus Co Ltd, a China's bus maker. The deal comes as Hyundai is in talks with Guangzhou Automobile Group Co to set up a commercial

Published 14 Jul, 2008 12:00am

Algeria invites bids for oil and gas exploration

Opec member Algeria, unveiling details of its 7th exploration and production licensing round, invited prequalified companies on Sunday to bid for acreage with what it called high potential for petroleum resources.

Published 14 Jul, 2008 12:00am

Saudi market faces scrap gold shortage: traders

Saudi Arabia, the Middle East's largest gold jewellery consumer, is facing a shortage of scrap as jewellers and buyers expecting record prices to rise further hold onto their gold, traders and experts said on Sunday. The scrap jewellery market in the king

Published 14 Jul, 2008 12:00am

Yahoo rejects new Microsoft deal as 'ludicrous'

Yahoo has vehemently rejected a deal proposed by Microsoft and corporate raider Carl Icahn that it said would have led to the sale of its online search business to the US software giant. Yahoo said it received a "take it or leave it" proposal from Icahn a

Published 14 Jul, 2008 12:00am

Food crisis, dollar peg spur Oman inflation to 13 percent

Annual inflation in Oman rose to a record 13.2 percent in May as a global food crisis, high commodity prices and a currency peg to the weak US dollar pushed costs in the Gulf state higher for a 13th straight month. Food, beverage and tobacco costs-which a

Published 14 Jul, 2008 12:00am

Britain edging near recession, warns former Prime Minister

Britain is very close to sinking into a recession and Prime Minister Gordon Brown has cut off all the solutions, former premier John Major warned Sunday. Major, who served as the Conservatives' last prime minister between 1990 and 1997, said it was still

Published 14 Jul, 2008 12:00am

Bangladesh trade deficit seen surging 57 percent

Bangladesh's trade deficit is likely to have risen by 57 percent to around $6 billion in the 2007-08 fiscal year that ended in June, due to sharp rises in global food and fuel prices, a senior central bank official said on Sunday.

Published 14 Jul, 2008 12:00am

Foreign exchange swings wreak havoc with emerging equity returns

Heightened currency volatility is radically impacting recent equity returns in emerging markets and in some cases, masking their relative performance. The violence of these exchange rate movements is underlining the fact that emerging-market equity funds

Published 14 Jul, 2008 12:00am

Foreign exchange swings wreak havoc with emerging equity returns

Heightened currency volatility is radically impacting recent equity returns in emerging markets and in some cases, masking their relative performance. The violence of these exchange rate movements is underlining the fact that emerging-market equity funds

Published 14 Jul, 2008 12:00am

RBC Asset Management eyes direct fund sales

Fund manager RBC Asset Management Inc sees an untapped opportunity in selling mutual funds directly to investors as its new West Coast affiliate has done for years, President Brenda Vince said in an interview.

Published 14 Jul, 2008 12:00am

RBC Asset Management eyes direct fund sales

Fund manager RBC Asset Management Inc sees an untapped opportunity in selling mutual funds directly to investors as its new West Coast affiliate has done for years, President Brenda Vince said in an interview.

Published 14 Jul, 2008 12:00am

New York Insurance Exchange may revive by 2009

New York Insurance Superintendent Eric Dinallo said on July 07 a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo, in a telephone interview from New York, said the next 18 months was a "realistic horizon" to r

Published 14 Jul, 2008 12:00am

New York Insurance Exchange may revive by 2009

New York Insurance Superintendent Eric Dinallo said on July 07 a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo, in a telephone interview from New York, said the next 18 months was a "realistic horizon" to r

Published 14 Jul, 2008 12:00am

Morgan Stanley to buy 19.9 percent of China trust firm

Morgan Stanley has agreed to pay 200 million yuan ($29.2 million) for a 19.9 percent stake in China's Hangzhou Trust, as foreign banks increasingly look to China's once ailing trust banks to secure a foothold in its booming financial services market.

Published 14 Jul, 2008 12:00am

Morgan Stanley to buy 19.9 percent of China trust firm

Morgan Stanley has agreed to pay 200 million yuan ($29.2 million) for a 19.9 percent stake in China's Hangzhou Trust, as foreign banks increasingly look to China's once ailing trust banks to secure a foothold in its booming financial services market.

Published 14 Jul, 2008 12:00am

Merrill to grow Australian wealth management business

Merrill Lynch plans to expand its Australian wealth management business this year as the resource-driven local economy continues to create more millionaires, a top executive with the US investment bank said on July 08. However, there were risks to the dom

Published 14 Jul, 2008 12:00am

Merrill to grow Australian wealth management business

Merrill Lynch plans to expand its Australian wealth management business this year as the resource-driven local economy continues to create more millionaires, a top executive with the US investment bank said on July 08. However, there were risks to the dom

Published 14 Jul, 2008 12:00am

Portugal prepares for biggest biodiesel refinery

A Portuguese consortium is preparing to build the country's largest biodiesel refinery, which should go into operation in 2010 and have a yearly capacity of 250,000 tons, a leading shareholder said. Pedro Sampaio Nunes told Reuters the plant will refine o

Published 14 Jul, 2008 12:00am

China Southern fund joint venture targets $3 billion in assets

A new international asset management joint venture backed by one of the biggest money managers in mainland China hopes to managed more than $3 billion by the end of next year, its chief executive said.

Published 14 Jul, 2008 12:00am

China Southern fund joint venture targets $3 billion in assets

A new international asset management joint venture backed by one of the biggest money managers in mainland China hopes to managed more than $3 billion by the end of next year, its chief executive said.

Published 14 Jul, 2008 12:00am

Index buys stake in online publisher Bestofmedia

Index Ventures, Europe's best-known high-tech venture capital firm, has bought a small stake in technology online publisher Bestofmedia for 22.5 million euros ($35.4 million) to help it fund acquisitions. Bestofmedia is the world's third-biggest specialis

Published 14 Jul, 2008 12:00am

Infosys surprises with 20.7 percent profit growth

Indian software giant Infosys Technologies reported a forecast-beating first quarter net profit jump of 20.7 percent on July 11, soothing some concerns about the impact of a global economic slowdown.

Published 14 Jul, 2008 12:00am

Infosys surprises with 20.7 percent profit growth

Indian software giant Infosys Technologies reported a forecast-beating first quarter net profit jump of 20.7 percent on July 11, soothing some concerns about the impact of a global economic slowdown.

Published 14 Jul, 2008 12:00am

Dollar likely to fall in the week ahead

The dollar is likely to fall in the week ahead amid ongoing turmoil in financial markets with speculation mounting the US government may have to take over mortgage companies Freddie Mac and Fannie Mae if their funding problems worsen.

Published 14 Jul, 2008 12:00am

Thai shares may rise on easing political tensions

Thai shares are expected to rise slightly in the coming week on easing political tensions and anticipated positive bank earnings results, an analyst said Friday. The Thai bourse has been in decline chiefly due to political instability over the past month,

Published 14 Jul, 2008 12:00am

Japanese government bonds decline

Japanese government bonds (JGBs) fell on Friday, surrendering earlier gains in response to a New York Times report that the US government was considering taking over mortgage lenders Fannie Mae and Freddie Mac.

Published 14 Jul, 2008 12:00am

Japanese government bonds decline

Japanese government bonds (JGBs) fell on Friday, surrendering earlier gains in response to a New York Times report that the US government was considering taking over mortgage lenders Fannie Mae and Freddie Mac.

Published 14 Jul, 2008 12:00am

Singapore shares expected to make technical rebound

Singapore shares are expected to make a technical rebound next week, dealers said. "There are some signs pointing to a possible minor rebound in the near term," said Ritesh Menon of OCBC Investment Research. With the blue chip Straits Times Index into its

Published 14 Jul, 2008 12:00am

Wall Street hit by renewed bank, mortgage jitters

Wall Street sustained a fresh bruising in the past week as renewed concerns over the financial health of major banks and two large mortgage-financing firms shook investor confidence. The main market indexes have entered "bear market" territory with a drop

Published 14 Jul, 2008 12:00am

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday 68.50/68.53 (previous 68.50/68.53). Call Money Rates: 6.25-10.00 percent (previous 6.00-10.00 percent).

Published 14 Jul, 2008 12:00am

Jakarta shares under pressure on oil fears

Indonesian share prices are seen drifting sideways in lacklustre trade next week, with all eyes on oil and coal prices as dealers take their lead from New York, dealers said Friday. "The main issue will be the oil price and the lead from the Dow Jones," s

Published 14 Jul, 2008 12:00am

Hong Kong shares may rebound

Hong Kong shares are likely to continue to rebound next week, on expectation of a stronger Wall Street and measures from China to revive its bourses ahead of the Beijing Olympics, dealers said. For the week ending July 11, the benchmark Hang Seng Index cl

Published 14 Jul, 2008 12:00am

Oil prices may continue to weigh on Manila shares

Global oil prices will likely determine the direction of the Philippine stock market in the coming week, dealers said Friday. "There will be rallies but they will be small ones. The trend will still be downward unless there will be some miracle that will

Published 14 Jul, 2008 12:00am

Tokyo shares likely to face jittery trading

Japanese shares are likely to see jittery trading amid worries about rising oil prices and the earnings of US companies, particularly banks, analysts said on Friday. Investors will also monitor Federal Reserve chairman Ben Bernanke's congressional appeara

Published 14 Jul, 2008 12:00am

Malaysian shares expected to remain range-bound

Malaysian shares will likely remain range-bound next week due to continuing caution over the global economy despite an apparent easing in the domestic political climate, analysts said. They said, although Prime Minister Abdullah Ahmad Badawi's announcemen

Published 14 Jul, 2008 12:00am

Australian shares may face further turmoil

The Australian share market faces further turmoil next week as it is buffeted by high oil prices, inflation fears and the global credit crunch, dealers said. For the week ending July 11, the benchmark S&P/ASX 200 index fell 102.2 points or 2.0 percent to

Published 14 Jul, 2008 12:00am

London stocks likely to seek higher ground

The British stock market will seek higher ground amid a raft of important economic data releases, after tumbling by almost three percent over the past five days. The FTSE 100 index ended the week on Friday at 5,261.60 points, down 2.79 percent or 151.2 po

Published 14 Jul, 2008 12:00am

Gunmen kill two policemen in Russia

Gunmen killed two policemen in the south Russian region of Karabino-Balkaria on Sunday, Russian news agencies reported, the second attack on security forces this month in the area. Karabino-Balkaria is a few hours drive from Chechnya, the centre of fighti

Published 14 Jul, 2008 12:00am

Bertha weakens to tropical storm near Bermuda

Hurricane Bertha weakened back into a less-menacing tropical storm on Sunday after stalling for a day near the British colony of Bermuda, the US National Hurricane Center said.

Published 14 Jul, 2008 12:00am

Accept Iran as reality, Tehran mayor tells West

Iran, at odds with the West over its nuclear work, could reach an accommodation with the United States if its critics accepted that the Islamic Republic is here to stay, according to Tehran's ambitious mayor.

Published 14 Jul, 2008 12:00am

Malaysia Prime Minister to keep promise to retire in 2010

Malaysian Prime Minister Abdullah Ahmad Badawi said he will keep his promise to retire in 2010, and not extend his term beyond that, official Bernama news agency reported. Abdullah had said on Thursday he would hand over the reins to his deputy Najib Raza

Published 14 Jul, 2008 12:00am

Chad accuses Sudan of violating its airspace

Chad has accused neighbouring Sudan of violating its airspace by flying over a Chadian town on the border with Sudan's violence-torn Darfur, and said it will not tolerate any further violation of its territory. Relations between the oil-producing neighbou

Published 14 Jul, 2008 12:00am

Zimbabwe parties closer to full-on talks: media

Zimbabwe's rival parties have moved closer to a deal to allow fully-fledged talks on the country's crisis, state media said Sunday, after sanctions against Robert Mugabe's regime were vetoed at the UN.

Published 14 Jul, 2008 12:00am

South Korea demands North explains tourist's killing

South Korea said on Sunday it was "unimaginable" for a North Korean soldier to shoot dead a unarmed housewife vacationing at a resort in the North, calling on it to come clean over the incident damaging already strained ties.

Published 14 Jul, 2008 12:00am

Hamas chief in Yemen to discuss Palestinian talks

Hamas leader Khaled Meshaal arrived in Yemen for top-level talks on Sunday on reviving Yemeni efforts to broker reconciliation between the two main Palestinian factions after a previous attempt faltered in March. Meshaal made no comment to the media on ar

Published 14 Jul, 2008 12:00am

Thai Prime Minister vows to amend charter, more protests seen

Thai Prime Minister Samak Sundaravej, who lost two ministers after tough court rulings, said on Sunday he would rewrite the army-designed constitution, a move likely to intensify street protests to oust him. The embattled premier, whose government is thre

Published 14 Jul, 2008 12:00am

Somali aid workers in crisis talks after killings

Local aid workers in Somalia held crisis meetings on Sunday as anxiety rose over growing insecurity and the unexplained killings of humanitarian staff. Unidentified gunmen have killed at least three aid workers in the anarchic Horn of Africa country this

Published 14 Jul, 2008 12:00am

Greenpeace climb Eiffel Tower in nuclear protest

About 15 environmental activists climbed the Eiffel Tower on Sunday to unfurl a banner protesting against France's nuclear energy policies, on the day when it hosts a major summit of heads of state. Campaign group Greenpeace said the banner showing the nu

Published 14 Jul, 2008 12:00am

Pope Benedict starts Australia visit

Pope Benedict XVI arrived in Sydney on Sunday for one of the largest Christian gatherings on Earth, starting a visit set to be marked by his apology for sexual abuse by priests in Australia. The spiritual leader of the world's 1.1 billion Catholics was me

Published 14 Jul, 2008 12:00am

Classroom malaria prevention reduces anaemia

Preventive malaria treatment in African schools dramatically reduces rates of infection and anaemia among children and may also boost learning potential, according to a study released on July 11.

Published 14 Jul, 2008 12:00am

Osteoporosis drug linked to fractures

Prolonged use of Fosamax, also referred to by the generic name bisphosphonate alendronate, may increase the risk of fractures of the femur, the large thigh bone that connects the leg to the hip, according to physicians at the Weill Medical College of Corn

Published 14 Jul, 2008 12:00am

China says key pollution levels down slightly

Two key measures of pollution in China have fallen slightly in what the country's environmental regulator cast as a victory in the fight for more sustainable development, state media reported on July 10. Persistent smog over Olympic host Beijing's skies a

Published 14 Jul, 2008 12:00am

Argentine natural ice dam bursts for first time in winter

A natural ice dam in southern Argentina broke open spectacularly on July 09 - the first time it has burst in winter, prompting experts to say climate change was the reason. The 60-meter (200-foot) high wall of ice from the Perito Moreno glacier that usual

Published 14 Jul, 2008 12:00am

Global warming will push Russia to destruction: WWF

Global warming will sow destruction across Russia and ex-Soviet states, a report said on July 11 after the world's richest countries issued targets on harmful emissions that environmentalists criticised as too soft.

Published 14 Jul, 2008 12:00am

Contamination common in red yeast rice products

The content of the red yeast rice supplement that manufacturers claim reduces cholesterol, varies dramatically depending on the brand, with some products containing far less of the active ingredient than has been shown scientifically to be effective, and

Published 14 Jul, 2008 12:00am

Fruit juice tied to modest rise in diabetes risk

Women wanting to ward off type 2 diabetes should load their plates with green leafy vegetables and whole fruits, but perhaps stay away from fruit juice, new research suggests.

Published 14 Jul, 2008 12:00am

Repeat tuberculosis test urged for kids adopted from overseas

Children adopted from overseas may harbour tuberculosis infection even if they test negative for TB upon arriving on US soil, a new report warns. "It's important to get that repeat tuberculosis skin test done so you don't miss those children with TB infec

Published 14 Jul, 2008 12:00am

Arsenic risk high in Sumatra, Myanmar, Cambodia

Eastern Sumatra, the Irrawaddy delta in Myanmar and Cambodia's Tonle Sap lake are among areas in Southeast Asia facing a high risk of arsenic contamination in the water, according to a study published on July 11. The researchers use innovative digitalised

Published 14 Jul, 2008 12:00am

Regular exercise good for dementia patients

Regular daily exercise benefits elderly women with dementia and these benefits appear to accrue over time, researchers from the Republic of Korea report. Dr Yi-Sub Kwak, assistant professor of sports medicine at Dong-Eui University in Busan, and colleague

Published 14 Jul, 2008 12:00am

Acidifying oceans pose severe danger to coral reefs

Like a tooth dipped in a glass of Coca-Cola, coral reefs, lobsters and other marine creatures that build calcified shells around themselves could soon dissolve as climate change turns the oceans increasingly acidic.

Published 14 Jul, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
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