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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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  FOR THE RECORD

By SYED ATIF ALI
Dec 12 - 18, 2005

"The current level of commerce within the Muslim countries hovers around just 10-12 percent - we need to step it up and complement each other's economies for sustainable development of our peoples."

(President General Pervez Musharraf said.)

"The database will provide easily accessible information on measuring progress on poverty reduction in Pakistan that will be a valuable resource for development practitioners, researchers, students, donors, the media and Pakistangovernment."

(Asian Development Bank's Country Director Peter Fedon said.)

The Pakistan Resident Mission's (PRM) Poverty Group has compiled a user-friendly Pakistan-specific Poverty Database.

"We will be fully engaged in serious negotiations. We will aim to ratchet up the extent and quality of our convergence, and set the platform for the next stage of our preparation towards the conclusion of the (Doha) Round by the end of 2006," Hong Kong Secretary for Commerce John Tsang said to the 148 WTO members.

China will work together with Pakistan and other regional countries to protect the interests of the developing nations.

"There is no possibility of any surprising changes in the development objectives in the Saudi economic sectors."

(Saudi British Bank said in a report.)

The report has estimated that the Saudi government revenues would increase by 40 per cent this year to 520 billion Saudi riyals compared to 393 billion riyals last year.

"The conference revolves around six themes instead of one overarching central one discussing women's and gender issues in several contexts to try to make sense of the international system, the opportunities and challenges presented by WTO, poverty and child labour, livelihoods and security as well as people's rights and issues of peace at the national, regional and international levels."

(Sustainable Development and Policy Institute's Chairperson Saba Gul Khattak said.)

"Receiving the Alcan Prize is not only a very welcome source of new funds at a critical time; it is also a vote of confidence in our work from some of the world's leading proponents of sustainable development."

(Aga Khan Planning and Building Service, Pakistan, Vice-Chairman Salim Rajan said.)

"An efficient transport network plays an important role in the socio-economic development of the country. Strengthening Pakistan's infrastructure is, therefore, a basic imperative for sustaining the growth momentum."

(Ambassador of Japan to Pakistan, Nobuaki Tanaka, said.)

"You (Prime Minister Aziz) have been brave and shown willingness to implement the economic reforms and we are now seeing the results."

(Norwegian Prime Minister Jens Stoltenberg said.)

"Its current stratospheric performance is a combination of three factors strong fundamentals, a rampant commodities sector, with most base and all precious metals at multi-year or all-time highs, and massive investor interest led by the Japanese."

(Paul Merrick of RBC Capital Markets said.)

"Let me give you a concrete example - you might say, literally concrete. The Lahore-Karachi corridor, which links Pakistan's major ports in the south with major cities in the north, is the country's lifeline. Ports, roadways and railway along this corridor handle 95 percent of external trade. But poor services and road conditions are doubling travel times. Costs of transport insurance and related services are three to four times higher than in Europe. Long and cumbersome customs procedures have encouraged bribe giving."

(World Bank President Paul Wolfowitz stated this in his address to the National Press Club, Washington)

"Dr Shamshad Akhtar has vast experience of financial sector as she was serving in Asian Development Bank as Manager of Financial Sector and Industrial Division East. He said during her tenure, she had absolute liaison with the LCCI, which showed her keen interest in the betterment of country's economy."

(Convener LCCI Standing Committee on Banking Noman Kabir has said.)

"We will provide more than three billion dollars in security, economic, and development assistance to enhance counter-terrorism capacity and promote continued reform, including education system," says a fact sheet, issued by the White House.

"The Islamic Development Bank will start studies on the fund, as to other programmes of the plan, they will require a longer time to be implemented."

(Secretary General of the 57-member Organization of the Islamic Conference (OIC) Ekmeluddin Ihsanoglu said.)

"Things are moving in the right direction as far as National Investment Trust's sell-off is concerned and we are confident to make NIT a success story within shortest possible time," said an official source.

"The rupee-dollar parity was the main factor in yesteryears as one dollar in 1980 was equal to Rs15-16 as compared to Rs60 these days. It means that our currency suffered a major loss against the greenback," owner of Almas Gem and Jewellers Saeed Mazhar Ali said.

 
 

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