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CURRENCY BUYING

SELLING

US Dollar 59.9 60
Bahrain Dinar 158 158.1
Canadian $ 50.85 50.95
Euro 70.75 70.85
Hong Kong $ 7.65 7.7
Japanese Yen 0.508 0.51
Kuwaiti Dinar 204 204.1
UK Pound 103.7 103.8
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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  .
THE PROS AND CONS OF PRIVATIZATION
 
 
ISSUE # 47-----Nov 21 - Nov 27, 2005

The present regime had chalked out a very ambitious privatization program right from the beginning in 1999. Initially it was led by Minister for Privatization, Altaf Saleem and subsequently taken over by Dr. Abdul Hafeez Shaikh. Till early this year one transaction after another was concluded in a swift and amicable manner. However, after stock market debacle in March the whole process seems to be running into snags. While some other transaction has been concluded rather comfortably, two transactions namely KESC and PTCL faced serious problems. While the government has succeeded in convincing the second highest bidder of KESC to match the price of Kanooz Al-Watan in case of KESC, the negotiations are still going on to convince Etisalat to take control of PTCL.


  RISE IN DEMAND AND FALL IN REFINING CAPACITY

The crude oil production is sufficiently matching to the world oil demand, rather it is half a million barrel surplus, owing to inadequate refining capacity which is in fact the grey area triggering high the oil prices. This was pointed out by Kalim A. Siddiqui, PSO's Executive Director Customer Services in an interview.
In this backdrop, the world oil producers are required to enhance refining capacity to bridge the widening gap between demands and supply.
Kalim A. Siddiqui, PSO's Executive Director Customer Service, has a deep insight and a discernible eye on the happenings in the oil regime and their fallout on the developing economies, especially in this region.


 

 

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