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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-01-26
Shell profit to range from Rs 650 million to Rs 740 million

Shell profit to range from Rs 650 million to Rs 740 million

The profit of Shell Pakistan Ltd, country's second largest oil supplier, in the six months ended on December 31, 2003, may range between Rs 650 million and Rs 740 million, down from same period a year ago because it lost market share of motor gasoline and
Published 26 Jan, 2004 12:00am
Emerging market currencies retain lustre in 2004

Emerging market currencies retain lustre in 2004

After a fairly lucrative year in 2003, emerging market currencies remain a favoured bet in 2004, underpinned by generally high interest rates and healthy balance of payments positions.
Published 26 Jan, 2004 12:00am
Nation assured against any likely sell-out on Kashmir

Nation assured against any likely sell-out on Kashmir

Foreign Minister Khurshid Mahmud Kasuri at a function of "English Speaking Union" here on Sunday assured the nation against any sell-out on Kashmir as well as other key interests.
Published 26 Jan, 2004 12:00am
Nation assured against any likely sell-out on Kashmir

Nation assured against any likely sell-out on Kashmir

Foreign Minister Khurshid Mahmud Kasuri at a function of "English Speaking Union" here on Sunday assured the nation against any sell-out on Kashmir as well as other key interests.
Published 26 Jan, 2004 12:00am
Share prices consolidate on SBP report

Share prices consolidate on SBP report

State Bank's assurance that it would maintain a stable monetary policy in the next months of current fiscal year helped the leading brokerage houses and institutions to play safe on the stock market with fresh buying activity in key scrips which boosted s
Published 26 Jan, 2004 12:00am
Share prices consolidate on SBP report

Share prices consolidate on SBP report

State Bank's assurance that it would maintain a stable monetary policy in the next months of current fiscal year helped the leading brokerage houses and institutions to play safe on the stock market with fresh buying activity in key scrips which boosted s
Published 26 Jan, 2004 12:00am
Banks investment in stock market rises to Rs 37.323 billion

Banks investment in stock market rises to Rs 37.323 billion

The investment of banks and other financial institutions in the first half of the current fiscal year recorded a rise of Rs 7.4 billion in the equity market following a series of positive steps taken by the government and promise of good returns by the co
Published 26 Jan, 2004 12:00am
Banks investment in stock market rises to Rs 37.323 billion

Banks investment in stock market rises to Rs 37.323 billion

The investment of banks and other financial institutions in the first half of the current fiscal year recorded a rise of Rs 7.4 billion in the equity market following a series of positive steps taken by the government and promise of good returns by the co
Published 26 Jan, 2004 12:00am
OGDC listing raises badla values

OGDC listing raises badla values

The formal listing of Oil & Gas Development Co (OGDC) and improvement in share prices increased the badla investment last week to Rs 24 billion, a four-month high level.
Published 26 Jan, 2004 12:00am
OGDC listing raises badla values

OGDC listing raises badla values

The formal listing of Oil & Gas Development Co (OGDC) and improvement in share prices increased the badla investment last week to Rs 24 billion, a four-month high level.
Published 26 Jan, 2004 12:00am
THE RUPEE: firm trend in currency markets

THE RUPEE: firm trend in currency markets

The modest increase in remittances, exporters selling, and smooth supply of dollars enabled the rupee to stabilise versus the dollar last week.
Published 26 Jan, 2004 12:00am
THE RUPEE: firm trend in currency markets

THE RUPEE: firm trend in currency markets

The modest increase in remittances, exporters selling, and smooth supply of dollars enabled the rupee to stabilise versus the dollar last week.
Published 26 Jan, 2004 12:00am
Second rover lands on Mars, sends pictures

Second rover lands on Mars, sends pictures

Nasa's second Mars rover, Opportunity, fell to a safe landing on an eerie plain featuring the first bedrock ever seen on the Red Planet, scientists at Nasa's Jet Propulsion Laboratory said on Sunday.
Published 26 Jan, 2004 12:00am
Second rover lands on Mars, sends pictures

Second rover lands on Mars, sends pictures

Nasa's second Mars rover, Opportunity, fell to a safe landing on an eerie plain featuring the first bedrock ever seen on the Red Planet, scientists at Nasa's Jet Propulsion Laboratory said on Sunday.
Published 26 Jan, 2004 12:00am
US chopper crashes in Iraq, pilots missing

US chopper crashes in Iraq, pilots missing

Two US soldiers were missing on Sunday after their rescue helicopter crashed into northern Iraq's Tigris river following a patrol boat accident that left another US servicemen missing and killed two Iraqi policemen and a civilian.
Published 26 Jan, 2004 12:00am
US chopper crashes in Iraq, pilots missing

US chopper crashes in Iraq, pilots missing

Two US soldiers were missing on Sunday after their rescue helicopter crashed into northern Iraq's Tigris river following a patrol boat accident that left another US servicemen missing and killed two Iraqi policemen and a civilian.
Published 26 Jan, 2004 12:00am
Musharraf vows to hunt down extremist groups

Musharraf vows to hunt down extremist groups

President General Pervez Musharraf has said "al Qaeda is on the run, they are hiding" on the border between Afghanistan and Pakistan, and army is pursuing them as well as the Taleban supporters in South Waziristan.
Published 26 Jan, 2004 12:00am
Musharraf vows to hunt down extremist groups

Musharraf vows to hunt down extremist groups

President General Pervez Musharraf has said "al Qaeda is on the run, they are hiding" on the border between Afghanistan and Pakistan, and army is pursuing them as well as the Taleban supporters in South Waziristan.
Published 26 Jan, 2004 12:00am
Ecnec to meet quarterly: development activities being expedited

Ecnec to meet quarterly: development activities being expedited

Prime Minister Mir Zafarullah Khan Jamali said on Sunday that the pace of development activities in the country was being expedited. In this regard the Executive Committee of National Economic Council (Ecnec) will meet after every three months.
Published 26 Jan, 2004 12:00am
Ecnec to meet quarterly: development activities being expedited

Ecnec to meet quarterly: development activities being expedited

Prime Minister Mir Zafarullah Khan Jamali said on Sunday that the pace of development activities in the country was being expedited. In this regard the Executive Committee of National Economic Council (Ecnec) will meet after every three months.
Published 26 Jan, 2004 12:00am
The Weather

The Weather

The weather report of Sunday (January 25) and the forecast for Monday (January 26, 2004).
Published 26 Jan, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 19 to 24, 2004)
Published 26 Jan, 2004 12:00am
Profit-taking in telecoms weighs on Cairo bourse

Profit-taking in telecoms weighs on Cairo bourse

Orascom Telecom (OT) led a bout of profit taking in Egyptian stocks on Sunday, traders said, after Pakistan, where OT is the major player, received strong interest in two new mobile telephone licences.
Published 26 Jan, 2004 12:00am
Hong Kong stocks firm, Hutchison 3G launch in focus

Hong Kong stocks firm, Hutchison 3G launch in focus

Hong Kong shares are expected to start the Year of the Monkey on a firm note, with investors in Hutchison Whampoa Ltd waiting to see if consumers in its home market welcome its third generation mobile phones.
Published 26 Jan, 2004 12:00am
Foreign funds unconvinced by Malaysian bulls' roar

Foreign funds unconvinced by Malaysian bulls' roar

Malaysian equity bulls are pointing to a strong economy, early sure-footedness by the new prime minister and robust consumer spending to justify a rosy outlook for the stock market.
Published 26 Jan, 2004 12:00am
Indian shares seen rebounding on results

Indian shares seen rebounding on results

Indian shares are expected to climb steadily this week, settling down after recent volatility as foreign funds step up buying and local institutions boost exposure on robust corporate results, traders said on Sunday.
Published 26 Jan, 2004 12:00am
Bonds to wilt as Indian economy shines

Bonds to wilt as Indian economy shines

Indian bond trade is likely to be subdued this week as investors ponder an economic boom, rising prices and a pick-up in bank credit, which are all reinforcing the view that a three-year-long monetary easing cycle is over.
Published 26 Jan, 2004 12:00am
Bonds to wilt as Indian economy shines

Bonds to wilt as Indian economy shines

Indian bond trade is likely to be subdued this week as investors ponder an economic boom, rising prices and a pick-up in bank credit, which are all reinforcing the view that a three-year-long monetary easing cycle is over.
Published 26 Jan, 2004 12:00am
Blue skies forecast for Toronto stocks

Blue skies forecast for Toronto stocks

Whether Toronto stocks are currently in the midst of an advance or a retreat is a matter of foggy debate, but when it comes to the longer-term outlook, most forecasters see only blue sky.
Published 26 Jan, 2004 12:00am
US stocks may drop even as earnings rise

US stocks may drop even as earnings rise

The path of least resistance may be down this week for the stock market, since expectations for strong fourth-quarter scorecards have already fuelled a hefty rally.
Published 26 Jan, 2004 12:00am
Egypt interbank rate stable

Egypt interbank rate stable

The median overnight interbank rate on Egypt's pound on Sunday remained at 5-1/2 percent from the previous session as dealers said the effects of a central bank deposit auction was balanced by maturing funds.
Published 26 Jan, 2004 12:00am
Unlike euro and sterling's rally causes little concern

Unlike euro and sterling's rally causes little concern

While the soaring euro has set alarm bells ringing in the eurozone, sterling's rally, also a flipside of the weaker dollar, seems to have been greeted with little more than a shrug by British officials.
Published 26 Jan, 2004 12:00am
Tokyo may slap duties on Korean chips

Tokyo may slap duties on Korean chips

Japan may impose extra duties on dynamic random access memory (DRAM) chips produced by Hynix Semiconductor Inc of South Korea starting this summer, a Japanese newspaper said on Sunday.
Published 26 Jan, 2004 12:00am
Bill Gates bullish on European recovery

Bill Gates bullish on European recovery

Microsoft chairman Bill Gates said he expected the European economy to rebound this year after the slow-down worsened by the Iraq war, in an interview Sunday with the German newspaper Welt am Sonntag.
Published 26 Jan, 2004 12:00am
Iraq gives green light to independent power projects

Iraq gives green light to independent power projects

Electricity-starved Iraq opened the door Sunday for independent power firms to build and operate generating plants to help boost grid capacity and galvanise reconstruction and economic growth.
Published 26 Jan, 2004 12:00am
France scrambling to boost trade with China

France scrambling to boost trade with China

Not content to be trailing in the race, France is scrambling to catch up on trade with China by urging the small and medium-sized entrepreneurs on the French business scene to make a push for Chinese markets.
Published 26 Jan, 2004 12:00am
German employment drive to go on: minister

German employment drive to go on: minister

Economy Minister Wolfgang Clement vowed on Sunday that the struggle to slash Germany's chronically high jobless rate would go on, despite the weekend sacking of the head of the federal employment agency (BA).
Published 26 Jan, 2004 12:00am
US to lead G7 nations in 2004 growth stakes

US to lead G7 nations in 2004 growth stakes

Economists have nudged up their 2004 growth forecasts for most of the world's major economies and expect the United States to grow faster than fellow members of the Group of Seven industrial nations, a Reuters poll showed.
Published 26 Jan, 2004 12:00am
Global business leaders fret about growth

Global business leaders fret about growth

Tepid optimism and gnawing concerns. This is the state of mind of a number of global business leaders and policy-makers gathering at this ski resort for the annual World Economic Forum meeting of the rich and powerful.
Published 26 Jan, 2004 12:00am
India and South American bloc sign trade pact

India and South American bloc sign trade pact

India signed an agreement with South America's main trading bloc on Sunday to establish a free trade area intended to reduce dependence on trade with rich countries.
Published 26 Jan, 2004 12:00am
South Korean banks' bad loans up 23 percent

South Korean banks' bad loans up 23 percent

Bad loans at South Korean banks jumped more than 20 percent last year, partly because of rising credit card defaults and an accounting fraud at SK Networks Co, Yonhap News Agency said on Sunday.
Published 26 Jan, 2004 12:00am
China bans poultry from Thailand and Cambodia

China bans poultry from Thailand and Cambodia

China banned poultry imports from Thailand and Cambodia on Sunday to try to stop a deadly bird flu from spreading to the world's most populous country.
Published 26 Jan, 2004 12:00am
Siemens sees improvement in networks market

Siemens sees improvement in networks market

Germany's Siemens AG sees a slight improvement in the mobile networks market this year, the head of its ICM mobile phones and networks unit said in an interview with a German newspaper.
Published 26 Jan, 2004 12:00am
Senior Afghan official survives Taleban ambush

Senior Afghan official survives Taleban ambush

A senior Afghan official in south-eastern Zabul province escaped unhurt but his two guards were injured when their convoy was ambushed by the Taleban overnight, officials said Saturday.
Published 26 Jan, 2004 12:00am
UN aid meeting to bring needed attention: Karzai

UN aid meeting to bring needed attention: Karzai

President Hamid Karzai said on Saturday an international conference likely to be held in March would attract more attention to the reconstruction of Afghanistan, which many people complain is happening too slowly.
Published 26 Jan, 2004 12:00am
Kerry holds lead but race may be tightening

Kerry holds lead but race may be tightening

Democratic presidential hopeful John Kerry holds a nine-point lead over Howard Dean in New Hampshire but the race appears to be tightening, according to a Reuters/MSNBC/Zogby poll released on Saturday.
Published 26 Jan, 2004 12:00am
Egypt lawyer on trial for spying for Israel

Egypt lawyer on trial for spying for Israel

An Egyptian lawyer denied charges of spying for Israel Saturday as he went on trial before the emergency High State Security Court, three months after his arrest in the Pyramids district of southern Cairo.
Published 26 Jan, 2004 12:00am
Diana death report dispels conspiracy claims

Diana death report dispels conspiracy claims

An author given access to the official French report on the death of Britain's Princess Diana was quoted as saying it dismissed "fevered speculation" about her fatal car crash and final emergency care.
Published 26 Jan, 2004 12:00am
France honours China with Champs Elysees new year parade

France honours China with Champs Elysees new year parade

Two days before the arrival of President Hu Jintao on a state visit, France affords China a rare honour Saturday when it opens up the Champs Elysees in Paris for a traditional dragon-and-drums new year parade.
Published 26 Jan, 2004 12:00am
Three dead and 42 injured in Danish bus crash

Three dead and 42 injured in Danish bus crash

The driver of a Danish tourist bus and two passengers were killed and 42 other people were injured in a motorway collision with two trucks in eastern Germany overnight, police said on Saturday.
Published 26 Jan, 2004 12:00am
Pope slams media over portrayal of moral values

Pope slams media over portrayal of moral values

Pope John Paul II on Saturday urged parents to exercise greater control over their children's television viewing habits, saying the media sometimes promoted divorce, abortion and homosexuality while giving less weight to family values.
Published 26 Jan, 2004 12:00am
US jets bomb Afghan base

US jets bomb Afghan base

US planes pounded several areas in Afghanistan's eastern province of Kunar on Sunday after one of its bases came under rocket attack, officials said.
Published 26 Jan, 2004 12:00am
Blast damages school run by French Muslim governor

Blast damages school run by French Muslim governor

An explosion on Sunday outside a business school in the western city of Nantes run by one of France's first Muslim departmental governors caused minor damage but no injuries, officials said.
Published 26 Jan, 2004 12:00am
Syria denies receiving Iraqi weapons

Syria denies receiving Iraqi weapons

Damascus strongly denied Sunday charges by the former head of the US-led coalition's search for alleged Iraqi weapons of mass destruction that parts had been moved to Syria in the run-up to the war.
Published 26 Jan, 2004 12:00am
Mystery disease kills 12 in Bangladesh

Mystery disease kills 12 in Bangladesh

A mysterious disease has killed at least 12 people in Bangladesh and made many more sick and health experts said on Sunday they were sending samples to the United States for analysis.
Published 26 Jan, 2004 12:00am
Thailand brings in troops to fight bird flu

Thailand brings in troops to fight bird flu

Thailand brought in troops and prisoners on Sunday to kill millions of chickens and stop the spread of highly contagious bird flu, which has jumped to humans in Vietnam and Thailand and now spread to Indonesia.
Published 26 Jan, 2004 12:00am
Saakashvili sworn in as new Georgian president

Saakashvili sworn in as new Georgian president

Two months after storming Georgia's parliament armed with popular support and red roses, Mikhail Saakashvili took the oath as president on Sunday on the steps of the same building and pledged to revive the country.
Published 26 Jan, 2004 12:00am
US considers Iraqi elections: Washington Post

US considers Iraqi elections: Washington Post

The Bush administration is considering whether to abandon or change its plan to set up an independent Iraqi government through regional caucuses, The Washington Post reported in its Sunday edition.
Published 26 Jan, 2004 12:00am
Under-pressure Blair will not quit, says senior ally

Under-pressure Blair will not quit, says senior ally

British Prime Minister Tony Blair will not quit after what is set to be his toughest week since coming to power over six years ago, a senior minister in his government said Sunday.
Published 26 Jan, 2004 12:00am
US mulling stronger international nuclear curbs

US mulling stronger international nuclear curbs

The Bush administration is considering a change in international rules to prevent countries like Iran from legally acquiring components for a nuclear weapons program, senior US officials say.
Published 26 Jan, 2004 12:00am
No Saddam trial before Iraq's sovereignty: ICRC

No Saddam trial before Iraq's sovereignty: ICRC

Saddam Hussein can only be tried in Iraq when the country regains sovereignty due to Geneva Conventions restrictions, International Committee of the Red Cross officials said Sunday.
Published 26 Jan, 2004 12:00am
US soldier dies after attack in Iraq

US soldier dies after attack in Iraq

A US soldier has died of wounds sustained in a rocket-propelled grenade attack on his vehicle in the town of Beiji, north of Baghdad, the US military said Sunday.
Published 26 Jan, 2004 12:00am
Four killed in protest by striking workers in Iran

Four killed in protest by striking workers in Iran

Four people were killed and many others seriously injured when security forces clashed with striking workers at a copper factory in south-eastern Iran, an parliamentarian said Sunday.
Published 26 Jan, 2004 12:00am
Iranian parliamentarians reform election law

Iranian parliamentarians reform election law

Iran's parliament voted Sunday for an emergency reform of the electoral law aimed at forcing conservative religious rivals to reinstate thousands of reformist candidates barred from next month's election.
Published 26 Jan, 2004 12:00am
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