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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-02-16
Senior Myanmar opposition leader moved to house arrest

Senior Myanmar opposition leader moved to house arrest

Myanmar opposition figure Tin Oo, a key adviser to Aung San Suu Kyi, has been moved to his Yangon home and placed under house arrest after being held in custody since a crackdown last May, a government official said on Sunday.
Published 16 Feb, 2004 12:00am
Nine killed in Nigerian unrest

Nine killed in Nigerian unrest

At least nine people were killed when a tribal militia group attacked a rival village in Nigeria's central Plateau State, one of the villagers said Sunday.
Published 16 Feb, 2004 12:00am
US firms show interest in Iran oil contracts

US firms show interest in Iran oil contracts

Several American oil firms have voiced their interest in bidding for new oil contracts in Iran despite US sanctions designed to block foreign investment in the Islamic republic's petroleum sector, a top Iranian official was quoted as saying Sunday.
Published 16 Feb, 2004 12:00am
Mercedes has 'limited optimism' on global demand

Mercedes has 'limited optimism' on global demand

A senior DaimlerChrysler AG official said in an interview published on Sunday that the company had "limited optimism, not actual enthusiasm" with regards to world-wide auto demand this year.
Published 16 Feb, 2004 12:00am
Sony to boost digital camera sales

Sony to boost digital camera sales

Japanese technology giant Sony is aiming to boost its digital camera sales by 50 percent year-on-year to 15 million units world-wide in the next financial year starting in April 2004, a report said Sunday.
Published 16 Feb, 2004 12:00am
Bird flu crisis savages Chinese poultry sector

Bird flu crisis savages Chinese poultry sector

Bird flu has savaged China's multibillion dollar poultry industry and if not brought under control soon threatens to wipe out the entire sector, leaving millions of farmers without income, analysts say.
Published 16 Feb, 2004 12:00am
Elite files for bankruptcy

Elite files for bankruptcy

The modelling agency that launched the careers of Claudia Schiffer, Naomi Campbell and Cindy Crawford has filed for bankruptcy, as it faces a barrage of legal challenges.
Published 16 Feb, 2004 12:00am
Gasoline red hot as Asian demand climbs

Gasoline red hot as Asian demand climbs

Red hot gasoline prices are likely to sizzle even higher in the coming months as rising Asian energy demand deepens the impact of spring driving season in the mammoth US market, experts said last week.
Published 16 Feb, 2004 12:00am
Vodafone under pressure to reveal US hand

Vodafone under pressure to reveal US hand

Vodafone Group Plc, the world's largest mobile phone company, is expected to come under mounting pressure next week to reveal whether it has bid in an auction for US rival AT&T Wireless.
Published 16 Feb, 2004 12:00am
Singapore to equip planes with missile

Singapore to equip planes with missile

Singapore plans to equip its commercial airplanes with anti-surface-to-air missile devices within two years, local media reported on Sunday.
Published 16 Feb, 2004 12:00am
Jordan and Singapore agree to boost tourism

Jordan and Singapore agree to boost tourism

Jordan and Singapore on Sunday signed agreements to bolster tourism and cultural exchanges between them and expressed satisfaction over their plans to seal a free trade pact as soon as possible, officials said.
Published 16 Feb, 2004 12:00am
Foreign net buying of Seoul stocks at record

Foreign net buying of Seoul stocks at record

Net buying of South Korean stocks by foreign investors hit a record high of 4.2 trillion won ($3.6 billion) in January, the Financial Supervisory Service said on Sunday.
Published 16 Feb, 2004 12:00am
NYMEX to help set up Dubai Mercantile Exchange

NYMEX to help set up Dubai Mercantile Exchange

The New York Mercantile Exchange (NYMEX) signed a memorandum of understanding Sunday with the Dubai Development and Investment Authority to develop the Middle East's first commodity futures exchange in the emirate.
Published 16 Feb, 2004 12:00am
Indian man sacrifices boy in hope of better business

Indian man sacrifices boy in hope of better business

An Indian villager sacrificed a five-year-old boy after a local sorcerer told him the ritual would help end his financial problems, the Press Trust of India reported Sunday, quoting police.
Published 16 Feb, 2004 12:00am
Mergers and acquisition to help US investors

Mergers and acquisition to help US investors

Merger talk is in the air, and thoughts of corporate consolidation are likely to occupy investors' minds in this week, as the earnings season winds down and traders look for fresh reasons to push the market higher.
Published 16 Feb, 2004 12:00am
Financials and dollar take centre stage in Europe

Financials and dollar take centre stage in Europe

Financials draw the spotlight in a busy week for European earnings this week with Dutch insurer ING among the highlights, but fears the strong euro may hurt recovery in Europe may prevent stocks creeping higher.
Published 16 Feb, 2004 12:00am
Hong Kong shares look to strong results

Hong Kong shares look to strong results

Hong Kong stocks look set for a slow start to the week but may gradually gain momentum, with investors expecting a rosy reporting season that gets into full swing midweek.
Published 16 Feb, 2004 12:00am
Euro back up near all-time highs

Euro back up near all-time highs

It should have been easy. A few warning growls and a baring of teeth by G7 finance ministers and central bank governors at their Florida meeting last weekend could have had forex markets trembling in their boots.
Published 16 Feb, 2004 12:00am
Tokyo stocks seen in narrow range, Shinsei eyed

Tokyo stocks seen in narrow range, Shinsei eyed

Japanese stocks are expected to trade in a narrow range this week, with worries about the strong yen again weighing on exporters, and bank shares under the spotlight ahead of the listing of Shinsei Bank.
Published 16 Feb, 2004 12:00am
Stuttering FTSE-100 seeks bank reassurance

Stuttering FTSE-100 seeks bank reassurance

Britain's stock market will seek reassurance from more than a dozen blue chips due to report this week after this year's stuttering progress was further undermined by some downbeat company guidance in recent days.
Published 16 Feb, 2004 12:00am
Taiwan stocks to reach new 40-month high

Taiwan stocks to reach new 40-month high

Taiwan stocks are expected to reach a new 40-month high this week as rising domestic consumption and investment fuel financial shares and those with strong asset backing.
Published 16 Feb, 2004 12:00am
Indian share volumes seen surging, led by mid-caps

Indian share volumes seen surging, led by mid-caps

Indian share volumes are likely to surge this week as investors plough money into mid-cap shares and some sectors such as software and cement, with the benchmark index keeping its head above the key 6,000 mark, dealers said on Sunday.
Published 16 Feb, 2004 12:00am
Chemical: BIAFO INDUSTRIES LIMITED - Year Ended 30-06-2003

Chemical: BIAFO INDUSTRIES LIMITED - Year Ended 30-06-2003

This is an ISO 9001:2000 certified industrial undertaking of Industrial Estate Hattar, NWFP. The directors reported that the company has been put on the default counter due to non-declaration of dividend by Karachi Stock Exchange.
Published 16 Feb, 2004 12:00am
Chemical: BIAFO INDUSTRIES LIMITED - Year Ended 30-06-2003

Chemical: BIAFO INDUSTRIES LIMITED - Year Ended 30-06-2003

This is an ISO 9001:2000 certified industrial undertaking of Industrial Estate Hattar, NWFP. The directors reported that the company has been put on the default counter due to non-declaration of dividend by Karachi Stock Exchange.
Published 16 Feb, 2004 12:00am
Your rupee last Week

Your rupee last Week

Following currency fluctuations took place in foreign exchange rates during the last Week. (February 9 to 14, 2004)
Published 16 Feb, 2004 12:00am
The Weather

The Weather

The weather report of Sunday (February 15) and the forecast for Monday (February 16, 2004).
Published 16 Feb, 2004 12:00am
Two fires kill over 90 in China

Two fires kill over 90 in China

Twin fires killed more than 90 people in two Chinese cities on Sunday; one swept through a temple full of pilgrims, the other hit a crowded shopping mall where panicky shoppers jumped from windows to escape the blaze.
Published 16 Feb, 2004 12:00am
Two fires kill over 90 in China

Two fires kill over 90 in China

Twin fires killed more than 90 people in two Chinese cities on Sunday; one swept through a temple full of pilgrims, the other hit a crowded shopping mall where panicky shoppers jumped from windows to escape the blaze.
Published 16 Feb, 2004 12:00am
No threat of financial crisis: World Bank

No threat of financial crisis: World Bank

There is a substantial unfinished economic and social agenda before the government takes a sigh of relief where country's major problems remain. But for the first time in many years there is no threat of financial crisis hanging over Pakistan's head, says
Published 16 Feb, 2004 12:00am
No threat of financial crisis: World Bank

No threat of financial crisis: World Bank

There is a substantial unfinished economic and social agenda before the government takes a sigh of relief where country's major problems remain. But for the first time in many years there is no threat of financial crisis hanging over Pakistan's head, says
Published 16 Feb, 2004 12:00am
Dumpers clearance from EPZs made conditional

Dumpers clearance from EPZs made conditional

The Central Board of Revenue (CBR) has stopped clearance of dumpers from the Export Processing Zones (EPZs) till the local manufacturers certify that the dump trucks are being assembled in these units, not the trucks.
Published 16 Feb, 2004 12:00am
Dumpers clearance from EPZs made conditional

Dumpers clearance from EPZs made conditional

The Central Board of Revenue (CBR) has stopped clearance of dumpers from the Export Processing Zones (EPZs) till the local manufacturers certify that the dump trucks are being assembled in these units, not the trucks.
Published 16 Feb, 2004 12:00am
POL product prices reduced

POL product prices reduced

Oil Companies Advisory Committee (OCAC) and oil marketing companies reduced petroleum product prices in the range of 0.08 paisa to Rs 1.37 per litre, effective from Monday.
Published 16 Feb, 2004 12:00am
POL product prices reduced

POL product prices reduced

Oil Companies Advisory Committee (OCAC) and oil marketing companies reduced petroleum product prices in the range of 0.08 paisa to Rs 1.37 per litre, effective from Monday.
Published 16 Feb, 2004 12:00am
Badla rates move in narrow band

Badla rates move in narrow band

The badla rates at the Karachi Stock Exchange (KSE) moved down during the last week after the KSE-100 index lost nearly 14 points after selling from institutions and general investors.
Published 16 Feb, 2004 12:00am
Badla rates move in narrow band

Badla rates move in narrow band

The badla rates at the Karachi Stock Exchange (KSE) moved down during the last week after the KSE-100 index lost nearly 14 points after selling from institutions and general investors.
Published 16 Feb, 2004 12:00am
40 killed in Uganda road mishap

40 killed in Uganda road mishap

At least 40 people have been killed after a fuel tanker smashed into a minibus packed with people on a notorious stretch of road in Uganda, sparking a massive fire, police said on Sunday.
Published 16 Feb, 2004 12:00am
40 killed in Uganda road mishap

40 killed in Uganda road mishap

At least 40 people have been killed after a fuel tanker smashed into a minibus packed with people on a notorious stretch of road in Uganda, sparking a massive fire, police said on Sunday.
Published 16 Feb, 2004 12:00am
Rise in machinery imports indicates economy on target

Rise in machinery imports indicates economy on target

Rise in import of machinery of textile, agricultural, construction and other material used to run heavy mechanical units indicates that government's ambition to raise the ratio of investment to gross domestic product and revenue during the current fiscal
Published 16 Feb, 2004 12:00am
Rise in machinery imports indicates economy on target

Rise in machinery imports indicates economy on target

Rise in import of machinery of textile, agricultural, construction and other material used to run heavy mechanical units indicates that government's ambition to raise the ratio of investment to gross domestic product and revenue during the current fiscal
Published 16 Feb, 2004 12:00am
KSE witnesses roller coaster ride

KSE witnesses roller coaster ride

The tally of gains slowed down and the share market showed a roller coaster behaviour after bargain-hunting activity dominated the horizon following the lack of support from seasoned investors, clipping the daily volume.
Published 16 Feb, 2004 12:00am
KSE witnesses roller coaster ride

KSE witnesses roller coaster ride

The tally of gains slowed down and the share market showed a roller coaster behaviour after bargain-hunting activity dominated the horizon following the lack of support from seasoned investors, clipping the daily volume.
Published 16 Feb, 2004 12:00am
Deficit funding from NSS be replaced with PIBs

Deficit funding from NSS be replaced with PIBs

The government should gradually replace use of National Saving Schemes (NSS), for funding its deficit, with Pakistan Investment Bonds (PIBs) in small holdings through existing network of national savings, suggests World Bank.
Published 16 Feb, 2004 12:00am
Deficit funding from NSS be replaced with PIBs

Deficit funding from NSS be replaced with PIBs

The government should gradually replace use of National Saving Schemes (NSS), for funding its deficit, with Pakistan Investment Bonds (PIBs) in small holdings through existing network of national savings, suggests World Bank.
Published 16 Feb, 2004 12:00am
Deficit funding from NSS be replaced with PIBs

Deficit funding from NSS be replaced with PIBs

The government should gradually replace use of National Saving Schemes (NSS), for funding its deficit, with Pakistan Investment Bonds (PIBs) in small holdings through existing network of national savings, suggests World Bank.
Published 16 Feb, 2004 12:00am
20 percent fall in July-December oil consumption

20 percent fall in July-December oil consumption

Oil consumption fell 20 percent in first half year after cement makers and electricity producers such as Karachi Electric Supply Corporation switched to gas or coal because of rising fuel oil prices.
Published 16 Feb, 2004 12:00am
20 percent fall in July-December oil consumption

20 percent fall in July-December oil consumption

Oil consumption fell 20 percent in first half year after cement makers and electricity producers such as Karachi Electric Supply Corporation switched to gas or coal because of rising fuel oil prices.
Published 16 Feb, 2004 12:00am
Talks on FTA in April: Pakistan and US unanimous on WTO issues

Talks on FTA in April: Pakistan and US unanimous on WTO issues

Pakistan and the United States said on Sunday they have complete unanimity of views on almost all issues of the World Trade Organisation (WTO) and both would keep on playing pivotal role to push forward the Doha Development Agenda (DDA) to take the ongoin
Published 16 Feb, 2004 12:00am
Talks on FTA in April: Pakistan and US unanimous on WTO issues

Talks on FTA in April: Pakistan and US unanimous on WTO issues

Pakistan and the United States said on Sunday they have complete unanimity of views on almost all issues of the World Trade Organisation (WTO) and both would keep on playing pivotal role to push forward the Doha Development Agenda (DDA) to take the ongoin
Published 16 Feb, 2004 12:00am
MCB may announce 27 percent profit growth on February 16

MCB may announce 27 percent profit growth on February 16

The banking giant, Muslim Commercial Bank, might record a growth of as much as 27 percent in its profit for the year 2003 on back of higher deposits following the introduction of several innovative products for consumers and gain in earnings from capital
Published 16 Feb, 2004 12:00am
MCB may announce 27 percent profit growth on February 16

MCB may announce 27 percent profit growth on February 16

The banking giant, Muslim Commercial Bank, might record a growth of as much as 27 percent in its profit for the year 2003 on back of higher deposits following the introduction of several innovative products for consumers and gain in earnings from capital
Published 16 Feb, 2004 12:00am
MCB may announce 27 percent profit growth on February 16

MCB may announce 27 percent profit growth on February 16

The banking giant, Muslim Commercial Bank, might record a growth of as much as 27 percent in its profit for the year 2003 on back of higher deposits following the introduction of several innovative products for consumers and gain in earnings from capital
Published 16 Feb, 2004 12:00am
Nine killed, over 300 hurt in kite-flying incidents

Nine killed, over 300 hurt in kite-flying incidents

At least nine people were killed and over 300 injured in kite flying-related incidents on Saturday night and Sunday as the Lahorites celebrated Basant with traditional zeal and enthusiasm.
Published 16 Feb, 2004 12:00am
Nine killed, over 300 hurt in kite-flying incidents

Nine killed, over 300 hurt in kite-flying incidents

At least nine people were killed and over 300 injured in kite flying-related incidents on Saturday night and Sunday as the Lahorites celebrated Basant with traditional zeal and enthusiasm.
Published 16 Feb, 2004 12:00am
Tribal Chamber formation perplexes NWFP traders

Tribal Chamber formation perplexes NWFP traders

The decision of NWFP Governor Iftikhar Husain Shah to constitute 'Tribal Chamber of Commerce & Industry' (TCCI) has created confusion among the business community of Peshawar whose members say that the new body would serve no purpose.
Published 16 Feb, 2004 12:00am
Tribal Chamber formation perplexes NWFP traders

Tribal Chamber formation perplexes NWFP traders

The decision of NWFP Governor Iftikhar Husain Shah to constitute 'Tribal Chamber of Commerce & Industry' (TCCI) has created confusion among the business community of Peshawar whose members say that the new body would serve no purpose.
Published 16 Feb, 2004 12:00am
Electoral Rolls Rules 1974 restored

Electoral Rolls Rules 1974 restored

Chief Election Commissioner former Chief Justice Irshad Hasan Khan on Sunday explained that the status of persons belonging to the Quadiani group or the Lahori group (who call themselves 'Ahmadis' or by any other name) shall remain unchanged as provided i
Published 16 Feb, 2004 12:00am
Businessman detained in nuclear probe

Businessman detained in nuclear probe

Pakistan on Sunday admitted that a private businessman was detained along with about a dozen scientists and officials amid allegations that they sold atomic secrets to other countries through a nuclear underworld.
Published 16 Feb, 2004 12:00am
Two killed in PAF plane mishap

Two killed in PAF plane mishap

Two security personnel were killed when a fighter plane of the Pakistan Air Force hit a fuel tanker near the runway after developing some technical fault, official sources said here on Sunday.
Published 16 Feb, 2004 12:00am
Two killed in PAF plane mishap

Two killed in PAF plane mishap

Two security personnel were killed when a fighter plane of the Pakistan Air Force hit a fuel tanker near the runway after developing some technical fault, official sources said here on Sunday.
Published 16 Feb, 2004 12:00am
Second PIA Boeing-777 lands in Karachi

Second PIA Boeing-777 lands in Karachi

The newly acquired second Boeing-777, by Pakistan International Airlines, the national flag carrier, landed here at the Quaid-e-Azam International airport in the wee hours of Sunday.
Published 16 Feb, 2004 12:00am
Second PIA Boeing-777 lands in Karachi

Second PIA Boeing-777 lands in Karachi

The newly acquired second Boeing-777, by Pakistan International Airlines, the national flag carrier, landed here at the Quaid-e-Azam International airport in the wee hours of Sunday.
Published 16 Feb, 2004 12:00am
'Section 40-B not misused to check Sales Tax evasion'

'Section 40-B not misused to check Sales Tax evasion'

The Central Board of Revenue (CBR) has not yet exercised option under Section 40-B of the Sales Tax Act, 1990 to depute sales tax officials at the manufacturing premises of any suspected unit.
Published 16 Feb, 2004 12:00am
'Section 40-B not misused to check Sales Tax evasion'

'Section 40-B not misused to check Sales Tax evasion'

The Central Board of Revenue (CBR) has not yet exercised option under Section 40-B of the Sales Tax Act, 1990 to depute sales tax officials at the manufacturing premises of any suspected unit.
Published 16 Feb, 2004 12:00am
EU hopes Pak-India talks to start lasting peace process

EU hopes Pak-India talks to start lasting peace process

The composite dialogue between Pakistan and India, beginning in Islamabad on Monday, will hopefully start a peace process for lasting peace in South Asia, said President of the European Union on Sunday.
Published 16 Feb, 2004 12:00am
Jamali arrives in Karachi

Jamali arrives in Karachi

Prime Minister Mir Zafarullah Khan Jamali has arrived in Karachi on Sunday evening on a three-day visit.
Published 16 Feb, 2004 12:00am
'PML-Q to be reorganised soon'

'PML-Q to be reorganised soon'

The reorganisation of the Pakistan Muslim League (PML-Q) would be undertaken soon and all factions would be given shares in the new set up.
Published 16 Feb, 2004 12:00am
Consumption of fish in country very low

Consumption of fish in country very low

The consumption of fish at 1.6 kilogram per capita in Pakistan is very low as compared to 24-kg in Japan, 20-kg in Europe, USA, Germany, UK and France.
Published 16 Feb, 2004 12:00am
APHC faction threatens to pull out of talks

APHC faction threatens to pull out of talks

Considering recent spate in rights violations across the state, Mirwaiz Umar Farooq indicated that All Parties Hurriyat Conference (APHC) would pull out of the talks process that began past month after Indian Deputy Prime Minister L K Advani lend audience
Published 16 Feb, 2004 12:00am
17 injured in occupied Kashmir blast

17 injured in occupied Kashmir blast

Fourteen Indian occupation soldiers and three civilian bystanders were injured on Sunday in an explosion on the key highway connecting occupied Kashmir, a police spokesman said.
Published 16 Feb, 2004 12:00am
Symposium on water issues opens on February 16

Symposium on water issues opens on February 16

A two-day international symposium on Water Resources Management will begin from Monday at a local hotel. According to programme, this symposium is being organised by various national and international organisations working on water-related issues.
Published 16 Feb, 2004 12:00am
No evidence of Avian flu type in Pakistan: US expert

No evidence of Avian flu type in Pakistan: US expert

The US Health and Human Resources Representative for South Asia Region, Dr Altaf Ahmed Lal, has categorically stated to have found no evidence of Avian influenza -H5N1 type among poultry birds in Pakistan.
Published 16 Feb, 2004 12:00am
Horse & cattle show opens on February 16

Horse & cattle show opens on February 16

A week-long grand National Horse and Cattle Show erupts into action from Monday at the gaily decorated Fortress Stadium encompassing the diverse but rich culture and showcasing the agriculture wealth of the country.
Published 16 Feb, 2004 12:00am
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