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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-02-08
Labour moot on February 19

Labour moot on February 19

A national conference of All Pakistan Federation of Trade Unions will be held here on 19th of this month, which will be attended by the representatives of affiliated trade unions and workers and employees of the public and private sector organisations fro
Published 08 Feb, 2004 12:00am
Agriculture EPZs to be set up in five Sindh cities

Agriculture EPZs to be set up in five Sindh cities

Sindh Food and Agriculture Minister Arif Mustafa Jatoi on Saturday at a meeting said that Agriculture Export Processing Zone would be a potential source of additional foreign exchange earning for the country.
Published 08 Feb, 2004 12:00am
Agriculture EPZs to be set up in five Sindh cities

Agriculture EPZs to be set up in five Sindh cities

Sindh Food and Agriculture Minister Arif Mustafa Jatoi on Saturday at a meeting said that Agriculture Export Processing Zone would be a potential source of additional foreign exchange earning for the country.
Published 08 Feb, 2004 12:00am
Straw hails breakthrough in Indo-Pak ties

Straw hails breakthrough in Indo-Pak ties

Visiting British Foreign Secretary Jack Straw has said his government and parliament welcome recent breakthrough in India's relationship with Pakistan; the announcement that both countries will take forward process of normalisation, and make a start on co
Published 08 Feb, 2004 12:00am
Iran urged to cut duty on Pakistani products

Iran urged to cut duty on Pakistani products

Sarhad Chamber of Commerce and Industry (SCCI) President Adeel Rauf has urged the government of Iran to cut duty on Pakistani products for the promotion of regional trade.
Published 08 Feb, 2004 12:00am
Iran urged to cut duty on Pakistani products

Iran urged to cut duty on Pakistani products

Sarhad Chamber of Commerce and Industry (SCCI) President Adeel Rauf has urged the government of Iran to cut duty on Pakistani products for the promotion of regional trade.
Published 08 Feb, 2004 12:00am
KCCI forms body to examine Safta accord

KCCI forms body to examine Safta accord

A special committee on regional trade and investment has been formed in the Karachi Chamber of Commerce and Industry (KCCI) to overview, assess and examine the South Asian Free Trade Area (Safta) agreement which will be operative from January 2006.
Published 08 Feb, 2004 12:00am
KCCI forms body to examine Safta accord

KCCI forms body to examine Safta accord

A special committee on regional trade and investment has been formed in the Karachi Chamber of Commerce and Industry (KCCI) to overview, assess and examine the South Asian Free Trade Area (Safta) agreement which will be operative from January 2006.
Published 08 Feb, 2004 12:00am
Pakistan hopes to export rice to China

Pakistan hopes to export rice to China

Pakistan has formally approached the Chinese government seeking quarantine certificate to introduce its high quality rice in that market.
Published 08 Feb, 2004 12:00am
Pakistan hopes to export rice to China

Pakistan hopes to export rice to China

Pakistan has formally approached the Chinese government seeking quarantine certificate to introduce its high quality rice in that market.
Published 08 Feb, 2004 12:00am
Thousands rally against Munich security conference

Thousands rally against Munich security conference

Thousands of protestors took to the streets of Munich on Saturday in a rally against the city's security conference, which gathers defence ministers from around the world.
Published 08 Feb, 2004 12:00am
Thousands rally against Munich security conference

Thousands rally against Munich security conference

Thousands of protestors took to the streets of Munich on Saturday in a rally against the city's security conference, which gathers defence ministers from around the world.
Published 08 Feb, 2004 12:00am
Jatoi and Yemeni envoy discuss industrial ties

Jatoi and Yemeni envoy discuss industrial ties

Ghaleb Saeed Al-Adoofi, Ambassador of Yemen to Pakistan called on Federal Minister for Industries and Production, Liaquat Ali Jatoi on Saturday and discussed matters of mutual interest relating to industrial sector.
Published 08 Feb, 2004 12:00am
Jatoi and Yemeni envoy discuss industrial ties

Jatoi and Yemeni envoy discuss industrial ties

Ghaleb Saeed Al-Adoofi, Ambassador of Yemen to Pakistan called on Federal Minister for Industries and Production, Liaquat Ali Jatoi on Saturday and discussed matters of mutual interest relating to industrial sector.
Published 08 Feb, 2004 12:00am
Former BBC boss signs $920,000 memoir deal

Former BBC boss signs $920,000 memoir deal

The former head of the BBC, Greg Dyke, who resigned last month, has signed a 500,000-pound (730,000-euro, 920,000-dollar) contract to write a book for publishers HarperCollins, owned by media baron Rupert Murdoch, the daily Guardian said Saturday.
Published 08 Feb, 2004 12:00am
Former BBC boss signs $920,000 memoir deal

Former BBC boss signs $920,000 memoir deal

The former head of the BBC, Greg Dyke, who resigned last month, has signed a 500,000-pound (730,000-euro, 920,000-dollar) contract to write a book for publishers HarperCollins, owned by media baron Rupert Murdoch, the daily Guardian said Saturday.
Published 08 Feb, 2004 12:00am
Pre-qualification for five power projects to be finalised soon

Pre-qualification for five power projects to be finalised soon

The Private Power Infrastructure Board (PPIB) will finalise pre-qualification process of various companies for five power projects in gas, coal and hydel sector shortly having a total capacity of 1390MW worth more than $ 1 billion.
Published 08 Feb, 2004 12:00am
Pre-qualification for five power projects to be finalised soon

Pre-qualification for five power projects to be finalised soon

The Private Power Infrastructure Board (PPIB) will finalise pre-qualification process of various companies for five power projects in gas, coal and hydel sector shortly having a total capacity of 1390MW worth more than $ 1 billion.
Published 08 Feb, 2004 12:00am
Sri Lankan parliament dissolved, polls on April 2

Sri Lankan parliament dissolved, polls on April 2

President Chandrika Kumaratunga dissolved parliament on Saturday and called elections on April 2, seeking to end a power struggle that threatened to take Sri Lanka back to civil war, officials said.
Published 08 Feb, 2004 12:00am
Sri Lankan parliament dissolved, polls on April 2

Sri Lankan parliament dissolved, polls on April 2

President Chandrika Kumaratunga dissolved parliament on Saturday and called elections on April 2, seeking to end a power struggle that threatened to take Sri Lanka back to civil war, officials said.
Published 08 Feb, 2004 12:00am
Three Pakistanis held in Jordan

Three Pakistanis held in Jordan

Three Pakistanis have been caught red-handed in Jordan trying to pass on counterfeit US bank notes worth 20 million dollars, the al-Rai newspaper said on Saturday.
Published 08 Feb, 2004 12:00am
Three Pakistanis held in Jordan

Three Pakistanis held in Jordan

Three Pakistanis have been caught red-handed in Jordan trying to pass on counterfeit US bank notes worth 20 million dollars, the al-Rai newspaper said on Saturday.
Published 08 Feb, 2004 12:00am
Islamic Jihad commander killed in Israeli raid

Islamic Jihad commander killed in Israeli raid

An Israeli helicopter gunship slammed a missile into a car in Gaza City on Saturday, killing a top Islamic Jihad commander and a 12-year-old bystander and drawing vows of revenge by Palestinians.
Published 08 Feb, 2004 12:00am
Islamic Jihad commander killed in Israeli raid

Islamic Jihad commander killed in Israeli raid

An Israeli helicopter gunship slammed a missile into a car in Gaza City on Saturday, killing a top Islamic Jihad commander and a 12-year-old bystander and drawing vows of revenge by Palestinians.
Published 08 Feb, 2004 12:00am
Expatriates urged to take part in SSGC public offering

Expatriates urged to take part in SSGC public offering

Dr Abdul Hafeez Shaikh, Minister for Privatisation and Investment, has urged the overseas Pakistanis to subscribe to the secondary public offering of Sui Southern Gas Company (SSGC) shares, opening from February 9.
Published 08 Feb, 2004 12:00am
Expatriates urged to take part in SSGC public offering

Expatriates urged to take part in SSGC public offering

Dr Abdul Hafeez Shaikh, Minister for Privatisation and Investment, has urged the overseas Pakistanis to subscribe to the secondary public offering of Sui Southern Gas Company (SSGC) shares, opening from February 9.
Published 08 Feb, 2004 12:00am
President cautions officials against traffic jams by his movement

President cautions officials against traffic jams by his movement

President General Pervez Musharraf has taken strong notice of agonising traffic halts occurring in Rawalpindi and Islamabad in the name of VVIP movement, and directed the concerned officials to redress the issue immediately to ease travel between the two
Published 08 Feb, 2004 12:00am
Prime Minister urges parliamentarians to show positive attitude

Prime Minister urges parliamentarians to show positive attitude

Prime Minister Jamali on Saturday expressed optimism about the future of democracy in Pakistan but cautioned that the parliamentarians should prove with their conduct in the house that they 'deserve' their status as elected representatives, says a press r
Published 08 Feb, 2004 12:00am
'President has no lobbyist'

'President has no lobbyist'

An official spokesman said here on Saturday that President General Pervez Musharraf did not have any lobbyist working for him.
Published 08 Feb, 2004 12:00am
Nuclear scientists issue handled with wisdom: Rashid

Nuclear scientists issue handled with wisdom: Rashid

Federal Minister for Information and Broadcasting Sheikh Rashid on Friday evening said the matter regarding nuclear scientists has been handled by the government with wisdom and sagacity and led the country on the right path.
Published 08 Feb, 2004 12:00am
Sabri promoted to BPS-21

Sabri promoted to BPS-21

According to the notification issued here by the Ministry of Petroleum and Natural Resources on Saturday, G. A. Sabri, director-general, Petroleum Concessions has been promoted to BPS-21 in his present post, with immediate effect.
Published 08 Feb, 2004 12:00am
Proper enforcement of safe blood transfusion laws stressed

Proper enforcement of safe blood transfusion laws stressed

Vice Chancellor, Dow Medical University Professor Dr Masood Hameed Khan has stressed the need to properly enforce 'Safe Blood Transfusion Laws' to cease scattered, unscreened and unorganised blood banks and to control spread of deadly diseases.
Published 08 Feb, 2004 12:00am
Hearing against Hashmi adjourned

Hearing against Hashmi adjourned

District and Sessions Judge Islamabad Chaudhry Asad Raza on Saturday adjourned the hearing of the sedition case against Pakistan Muslim League (Nawaz) acting president Makhdoom Javed Hashmi till February 14.
Published 08 Feb, 2004 12:00am
PAF Hajis contingent arrives

PAF Hajis contingent arrives

The PAF Hajis contingent comprising 86 pilgrims arrived from Jeddah on Saturday at PAF Base, Faisal by 0-130 aircraft.
Published 08 Feb, 2004 12:00am
Two new cranes arrive at Karachi Port

Two new cranes arrive at Karachi Port

The modern container terminal is going to be equipped with state-of-the-art, ship-to-shore Tail Tyre Gantry and Rubber Tyre Gantry cranes.
Published 08 Feb, 2004 12:00am
Business Recorder staffer grieved

Business Recorder staffer grieved

Mother of senior staffer of daily Business Recorder and former News Editor of Daily News Karachi, Afaq Ahmed, died here after protected illness early on Saturday at PNS Shifa Hospital. She was 90.
Published 08 Feb, 2004 12:00am
Dawn Editor-in-Chief quits

Dawn Editor-in-Chief quits

The Editor-in-Chief of daily Dawn, Ahmad Ali Khan, has stepped down from the post.
Published 08 Feb, 2004 12:00am
What students and exchange visitors to US require?

What students and exchange visitors to US require?

Students and Exchange Programme visitors to the United States have been advised a list of 'dos and don'ts' by the Department of Homeland Security to facilitate their entry into that country.
Published 08 Feb, 2004 12:00am
NWFP governor terms Pak-Turk friendship exemplary

NWFP governor terms Pak-Turk friendship exemplary

A delegation of Pak-Turk Cag Education Foundation, headed by its Representative and Principal Dr Yousaf Cojak called on NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) here at Governor's House on Saturday.
Published 08 Feb, 2004 12:00am
NCHD proposes plan to improve in education and literacy

NCHD proposes plan to improve in education and literacy

The National Commission for Human Development (NCHD) has proposed a plan to improve efforts at the district level in primary education, literacy, income generation activities and provisions of basic health care facilities and to propose plans for capacity
Published 08 Feb, 2004 12:00am
Rs 200 million allocated for soft loans to businesswomen

Rs 200 million allocated for soft loans to businesswomen

The Punjab government has allocated Rs 200 million for providing soft loans to businesswomen in the province. The step has been taken for providing loan facilities to women engaged in business sector.
Published 08 Feb, 2004 12:00am
Drought Emergency Relief Assistance implemented

Drought Emergency Relief Assistance implemented

The Government is implementing Drought Emergency Relief Assistance (DERA) with the assistance of donors to mitigate the effects of the drought and assess requirements and needs of the regions to avert large-scale human sufferings to provide systematic thr
Published 08 Feb, 2004 12:00am
Qul of Business Recorder staffer's mother on February 8

Qul of Business Recorder staffer's mother on February 8

The Qul of the mother of Naveed Siddiqui, staff reporter, daily Business Recorder in Islamabad and Azeem Siddiqui will be held February 8 (Sunday) at 11.00 am at Mohallah Ajmal Khattak, Akora Khattak.
Published 08 Feb, 2004 12:00am
Iran lauds humanitarian services of Edhi

Iran lauds humanitarian services of Edhi

The Iranian ambassador in Pakistan, Mohammed Ibrahim Tahiriyan, and Irani Consul General at Karachi Seyed Musa Hosseini have praised the humanitarian services being rendered by noted social worker Abdul Sattar Edhi.
Published 08 Feb, 2004 12:00am
7,243 traffic challans registered in January

7,243 traffic challans registered in January

The traffic police challaned 7,243 different public transport and other vehicles for violation on the main Sialkot-Daska-Gujranwala Road during the first month of 2004.
Published 08 Feb, 2004 12:00am
Jewellers meeting on February 9

Jewellers meeting on February 9

Lahore Division Sarafa and Jewellers Association is holding a special meeting on Monday to discuss association's affairs.
Published 08 Feb, 2004 12:00am
Pervaiz meets Maqbool

Pervaiz meets Maqbool

Punjab Chief Minister Chaudhry Pervaiz Elahi called on Punjab Governor Lieutenant General Khalid Maqbool (Retd) here at Governor's House on Saturday.
Published 08 Feb, 2004 12:00am
Call for restoring common man's confidence in judiciary

Call for restoring common man's confidence in judiciary

Former chief justice of Pakistan Justice Saiduzzaman Siddiqui has said that the sanction of Legal Framework Order (LFO) by the elected parliament has not only opened the door for permanent role of armed forces in the governance of the country, which is ag
Published 08 Feb, 2004 12:00am
Need stressed to implement 1991 Water Accord

Need stressed to implement 1991 Water Accord

General Council of Sindh Abadgar Board expressed its grave concern over the non-implementation of Water Accord 91, and added that it has reached to a point of economic confrontation between the federating units.
Published 08 Feb, 2004 12:00am
Thai trade team due next month

Thai trade team due next month

A high-level delegation from Thailand would visit Pakistan from March 11, with the objective of discussing ways and means to initiate joint ventures in the fields of furniture, food processing, auto parts, pharmacy and artificial leather.
Published 08 Feb, 2004 12:00am
International Kashmir moot planned in April

International Kashmir moot planned in April

The International Kashmir Alliance (IKA) will hold a conference in London to discuss Kashmir issue and role of Kashmiris in peace moves between Pakistan and India.
Published 08 Feb, 2004 12:00am
Women's role termed vital in reformation of society

Women's role termed vital in reformation of society

With a view to creating awareness among women about healthy lifestyle and necessity of adopting precautionary measures to avoid various diseases, particularly psychiatric problems, World Psychiatry Association (WPA) in collaboration with Department of Psy
Published 08 Feb, 2004 12:00am
MMA criticises MQM for opposing strike

MMA criticises MQM for opposing strike

Muttahida Majlis-i-Amal (MMA) on Saturday bitterly criticised Muttahida Qaumi Movement (MQM) for opposing its strike call to express solidarity with nuclear scientists on Friday and said Muttahida favoured the government in humiliating "son of Karachi" Dr
Published 08 Feb, 2004 12:00am
Saudi doctors suspect human mad cow case

Saudi doctors suspect human mad cow case

Doctors in Saudi Arabia have diagnosed the first case in the kingdom of the human form of mad cow disease and medical sources suggested the victim contracted the disease in Britain, newspapers said on Saturday.
Published 08 Feb, 2004 12:00am
World base metals rally on supply fears

World base metals rally on supply fears

Base metal prices charged ahead last week as a series of mine disruptions around the world left traders fretting anew about the availability of supplies.
Published 08 Feb, 2004 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Soft red winter wheat futures at the Chicago Board of Trade closed lower on Friday on profit taking ahead of the weekend, traders said.
Published 08 Feb, 2004 12:00am
Oil cake market rates

Oil cake market rates

The March vaida, according to the release, opened at Rs 441.10 and was highest at Rs 442.30. Later it lost to be the lowest at Rs 440.70 and closing was marked at Rs 441.80.
Published 08 Feb, 2004 12:00am
Cotton market in limbo second day running

Cotton market in limbo second day running

There was no marked change of hands in cotton deals in the market second day running, following almost one full week's closure on various counts, relevant sources said on Saturday.
Published 08 Feb, 2004 12:00am
Wheat and sugar up on grain market

Wheat and sugar up on grain market

Gram varieties underwent widespread changes while sporadic variations were also marked elsewhere on Saturday.
Published 08 Feb, 2004 12:00am
Forex curbs hurting Venezuelan importers

Forex curbs hurting Venezuelan importers

The head of Venezuela's leading private commercial association said on Thursday the country's year-old currency controls were denying local importers hard currency and unfairly favouring transnational companies.
Published 08 Feb, 2004 12:00am
Dollar tumbles on jobs data, G7 nerves

Dollar tumbles on jobs data, G7 nerves

The dollar fell across the board on Friday, hurt by a disappointing US jobs report and little sign that Group of Seven finance ministers were ready to join forces to halt the greenback's two-year decline.
Published 08 Feb, 2004 12:00am
Indian foreign exchange reserves at new high of $105 billion

Indian foreign exchange reserves at new high of $105 billion

India's foreign exchange reserves rose to $104.998 billion in the week ended January 30 from $104.237 billion the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
Published 08 Feb, 2004 12:00am
Brazilian real slips

Brazilian real slips

Brazilian stocks rebounded on Friday from two straight days of declines, helped by firm markets abroad and US jobs data that may forestall any near term interest rate hikes in the United States.
Published 08 Feb, 2004 12:00am
IMM yen speculators notch record net long: CFTC

IMM yen speculators notch record net long: CFTC

Speculators in IMM yen futures increased a net long position to its largest on record in the week ended February 3, data from the Commodity Futures Trading Commission showed on Friday.
Published 08 Feb, 2004 12:00am
Canadian dollar rebounds steeply

Canadian dollar rebounds steeply

The Canadian dollar raced higher on Friday amid a pair of jobs reports that proved surprisingly damaging for the greenback ahead of the Group of Seven finance ministers meeting this weekend.
Published 08 Feb, 2004 12:00am
Brazil stocks snap back from two-day slump

Brazil stocks snap back from two-day slump

Brazilian stocks rebounded on Friday from two straight days of declines, boosted by bottom fishing for cheap shares and firm US markets.
Published 08 Feb, 2004 12:00am
US corporate bonds spread narrow after jobs data

US corporate bonds spread narrow after jobs data

US corporate bond spreads narrowed on Friday after a weaker-than-expected employment report suggested that the Federal Reserve was likely to leave interest rates unchanged for now.
Published 08 Feb, 2004 12:00am
US corporate bonds spread narrow after jobs data

US corporate bonds spread narrow after jobs data

US corporate bond spreads narrowed on Friday after a weaker-than-expected employment report suggested that the Federal Reserve was likely to leave interest rates unchanged for now.
Published 08 Feb, 2004 12:00am
Golds lead Toronto stocks to solid close

Golds lead Toronto stocks to solid close

Toronto stocks closed 1 percent higher on Friday with gold miners leading a broad-based rally as the market shrugged off signs of a slowdown in Canada's job market.
Published 08 Feb, 2004 12:00am
US Treasuries rise, scarce jobs to keep Fed patient

US Treasuries rise, scarce jobs to keep Fed patient

US Treasury prices jumped on Friday as yet another disappointing jobs report was viewed as reducing the chances the Federal Reserve will begin raising interest rates soon.
Published 08 Feb, 2004 12:00am
US Treasuries rise, scarce jobs to keep Fed patient

US Treasuries rise, scarce jobs to keep Fed patient

US Treasury prices jumped on Friday as yet another disappointing jobs report was viewed as reducing the chances the Federal Reserve will begin raising interest rates soon.
Published 08 Feb, 2004 12:00am
Argentine stocks fall

Argentine stocks fall

Argentine stocks fell on Friday on news that a US judge placed restrictions on Argentine military property in the United States, wiping out the last of this year's gains, traders said.
Published 08 Feb, 2004 12:00am
American credit market outlook

American credit market outlook

Even as the improving economy helps heal balance sheets and has many credit analysts talking of "rising stars," one camp of struggling companies is at risk of being slashed to junk quality.
Published 08 Feb, 2004 12:00am
American credit market outlook

American credit market outlook

Even as the improving economy helps heal balance sheets and has many credit analysts talking of "rising stars," one camp of struggling companies is at risk of being slashed to junk quality.
Published 08 Feb, 2004 12:00am
Canadian bonds soar on US jobs data

Canadian bonds soar on US jobs data

The Canadian domestic bond prices jumped sharply on Friday, as the US jobs news eased expectations of US interest rate increases.
Published 08 Feb, 2004 12:00am
Canadian bonds soar on US jobs data

Canadian bonds soar on US jobs data

The Canadian domestic bond prices jumped sharply on Friday, as the US jobs news eased expectations of US interest rate increases.
Published 08 Feb, 2004 12:00am
Chile stocks flat

Chile stocks flat

Chile's stocks ended flat on Friday in slow trading as stock market volatility in nearby Brazil this week and jitters about debt negotiations in Argentina kept some investors waiting on the sidelines, analysts said.
Published 08 Feb, 2004 12:00am
Mining matters likely to affect South African stocks

Mining matters likely to affect South African stocks

An annual African mining conference in Cape Town will be the focus of investors' attention on the Johannesburg stock exchange next week, when the world's second-biggest platinum firm will also release results.
Published 08 Feb, 2004 12:00am
Thai SEC seeks trading report on 13 stocks

Thai SEC seeks trading report on 13 stocks

The Thai stock market regulator said on Saturday that brokers are required to report buying orders from individual clients for 13 shares, including those in firms owned indirectly by the family of Prime Minister Thaksin Shinawatra.
Published 08 Feb, 2004 12:00am
US stocks end up after job data ease rate fears

US stocks end up after job data ease rate fears

US stocks rallied on Friday after tepid growth in the number of new jobs added in January showed improvement in the economy, but was mild enough to ease fears of an imminent interest-rate hike.
Published 08 Feb, 2004 12:00am
Indian MiG-23 crashes, pilot dead

Indian MiG-23 crashes, pilot dead

An Indian Air Force MiG-23 fighter jet crashed in the western desert state of Rajasthan on Saturday, killing the pilot, an air force official said.
Published 08 Feb, 2004 12:00am
Second big quake in two days strikes Indonesia

Second big quake in two days strikes Indonesia

An earthquake measuring up to 7.1 on the Richter scale struck eastern Indonesia on Saturday, a day after one of similar magnitude killed 27 people and injured hundreds.
Published 08 Feb, 2004 12:00am
Unknown reasons!

Unknown reasons!

I am a Pakistan national and living in Karachi for 20/22 years and holding a Pakistan passport. Originally I migrated from Bangladesh to Pakistan after the fall of East Pakistan. My Pakistani passport was renewed a few times.
Published 08 Feb, 2004 12:00am
Unfair treatment to Dr Qadeer

Unfair treatment to Dr Qadeer

I was deeply saddened by the events that have surfaced during the past week. The treatment meted out to Dr Qadeer Khan seems unfair. He was one of the heroes of Pakistan, who was responsible for providing it with security.
Published 08 Feb, 2004 12:00am
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