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US Dollar 59.9 60
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Canadian $ 50.85 50.95
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Japanese Yen 0.508 0.51
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Last updated: Friday 23 Dec, 2005-12.30 P.M (PST)

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3 DAYS FORECAST
In oC

CITIES MIN MAX

HUM%

FOR.

KARACHI
Today 12 26 38 Sunny
Tomorrow 11 27 38 Sunny
Day after 11 28 38 Sunny
LAHORE
Today 1 20 87 Sunny
Tomorrow 2 20 87 Sunny
Day after 2 21 87 Sunny
ISLAMABAD
Today 0 18 59 Sunny
Tomorrow 0 18 59 Sunny
Day after 0 21 59 Sunny
HUM%: Humidity In %
FOR.: Weather Forecast
updated: Fri - Sun 23-25 Dec, 2005

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KARACHI         - 021 LAHORE          - 042 ISLAMABAD    - 051 FAISALABAD   - 041 MULTAN          - 061 PESHAWAR    - 0521 CANADA          - 1 KUWAIT           - 965 INDIA               - 91 IRAN                - 98 U.K                   - 44 U.A.E                - 971 U.S.A                - 1

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  FOR THE RECORD

By SYED ATIF ALI
Oct 31 - Nov 13, 2005

"It's now or never! UN needs the funds today. Tomorrow it would be too late as thousands of people in the remote and difficult hilly areas would perish for want of shelter, food, water, medicines and fuel in the below freezing weather," said UN Resident Representative and Humanitarian Co-ordinator in Pakistan Jan Vandemoortele.

(The United Nations immediately needs $250 million to avert second imminent massive wave of deaths in the earthquake devastated areas of northern Pakistan and Azad Kashmir)

"Reduction in foreign exchange reserves continues and touching 13 months lower point of $11.607 billion."

(Downslide in liquid foreign exchange reserves continues unabated which, according to statistics released by the State Bank on October 27, stood reduced to 11,601.7 million dollars as on October 22.)

"Although France would stick to the EU position, it will not accept any calling into question of the EU's Common Agriculture Policy," said French president Chirac.

(The harmonious atmosphere of EU was threatened by a renewed threat from French President Jacques Chirac over the vexed issue of farm aid. French President Jacques Chirac reiterated his hard-line stance on farm subsidies - and threatened to veto any World Trade Organization (WTO) deal in Hong Kong in December which calls them into question.)

"If one looks at the overall macro-economic scenario in the country today, I see that the environment is quite favorable for accelerating our growth rate to beyond eight percent," said Indian Prime Minister, Manmohan Singh.

(India's economy is poised to grow at over 7 percent this financial year and the economic environment is conducive for more than 8 percent growth in the long term according to Indian Prime Minister Manmohan Singh.)

"The Sensitive Price Indicator (SPI) year-on-year of 53 daily use items for week ending on October 20, 2005 has shown 8.56 percent increase as compared to the corresponding week of last year."

"The improvements in operational indicators translated into an increase of 10 percent in overall revenue during July-September 2005 over the same period of last year," PIA said in a press release.

"World Bank approves $475 million lending for Pakistan."

(The World Bank approved a total lending of $475 million for Pakistan. The board's meeting approved $150 million for Development Credit Agreements Adjustment for PRSC-I and $50 million for NWFP Structural Adjustment Credit (NWFP SAC-II) under the World Bank's Financial Year 2006 Indicative Lending Programme for Pakistan.)

"World trade growth should accelerate to around 7 per cent in 2006," claimed in a report issued by WTO.

(Global goods trade will grow slightly more in 2006 than this year, World Trade Organization economists predicted. But the WTO chief voiced concern at an overall trend towards lower growth.)

"There is double-digit growth in many markets in this region. India is a market that is critical to our plans to move Ford into the 21st century. It is one of the fastest-growing markets and is top priority for us," Ford said.

(Ford Motor Co, the second-largest US car maker, plans plenty more investment in emerging markets such as India and China.)

"IDB will provide $251.6 million as emergency assistance relating to earthquake in the country."

(Pakistan signed a Framework Agreement with Islamic Development Bank on Sunday, under which IDB will provide $251.6 million as emergency assistance relating to earthquake in the country. Through this framework agreement, Government of Pakistan and the IDB have agreed on the ways and means of utilizations of the grant, which shall be used to finance fast disbursing projects in the fields of relief to affected communities., reconstruction of essential and social infrastructures/utilities damaged and/or destroyed by the disaster and to provide victims with medicines, food supplies and blankets with special focus on mothers, pregnant women and children.)

"The country's external account position has shown significant decline during the first two months of FY06, because of the widening trade deficit resulting from higher imports including machinery import bills."

(Current account deficit touched $1.24 billion for first three months of FY2005-06, creating alarming situation for government.)

"Railways to spend Rs.15 billion to modernize the signal system."

(Pakistan Railways is planning to modernize the signal system over the entire main rail line from Karachi to Peshawar. The project would cost Rs.15 billion to make the entire railway system at par with the high technology system and to match the present day needs of high speed and stringent safety standards.)

"As part of our normal budgeting process, we continually review our businesses to find ways to operate more efficiently and Warner Bros. must continue building on its successes while managing costs," said Warner Bros. Entertainment Chairman Barry Meyer.

(Warner Bros. film and television studio is reviewing costs with an eye toward trimming its budget in the coming year. The studio is having a solid year at movie box offices with summer hits like "Batman Begins" and expectations running high for "Harry Potter and the Goblet of Fire" this fall.)

"Indo-Pak exhibition, IPEX 2005, will be held from Dec01 to Dec05 this year."

(Progressive, Harmony and Development Chamber of Commerce & Industry (PHDCCI) India, is holding a joint Indo-Pak exhibition in collaboration with the Lahore Chamber of Commerce and Industry (LCCI) from December 1 to 5, 2005 at Amritsar.)

"On the eve of Ramazan-ul-Mubarak State Bank of Pakistan (SBP) has issued fresh stock of Rs.10 to Rs.1,000 denomination notes valuing Rs.911,790,000 to commercial banks."

 
 

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