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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-02-21
CSCE sugar falls on profit-taking

CSCE sugar falls on profit-taking

CSCE raw sugar finished lower on Thursday with some fund players taking profits, some light trade selling, and others playing the spread on the March and May contracts, traders said.
Published 21 Feb, 2004 12:00am
EU sets advance 2003-04 sugar production levies

EU sets advance 2003-04 sugar production levies

The European Union's sugar management committee has fixed the advance payment for this season's sugar production levy, which indirectly pays for export subsidies, member state officials said on Friday.
Published 21 Feb, 2004 12:00am
Liffe coffee closes higher

Liffe coffee closes higher

London coffee closed higher on Friday as roasters and speculators bought while origin remained absent, dealers said.
Published 21 Feb, 2004 12:00am
Malaysian palm oil ends up

Malaysian palm oil ends up

Malaysian crude palm oil (CPO) futures broke the 1,950-ringgit-a-tonne psychological barrier on Friday and dealers said the market was poised for new five-year highs of 2,000 ringgit.
Published 21 Feb, 2004 12:00am
Oil slips after hitting $36, supplies still a worry

Oil slips after hitting $36, supplies still a worry

Oil prices edged back on Friday from four-week highs above $36 a barrel, but were supported as a build in US crude stocks did little to ease concerns about supplies, traders said.
Published 21 Feb, 2004 12:00am
Conservatives set to sweep controversial Iran polls

Conservatives set to sweep controversial Iran polls

Ballot counting began late on Friday in Iran's disputed parliamentary election, with hard-liners set to overturn a reformist majority but hoping for a solid voter turnout to make their victory credible.
Published 21 Feb, 2004 12:00am
Conservatives set to sweep controversial Iran polls

Conservatives set to sweep controversial Iran polls

Ballot counting began late on Friday in Iran's disputed parliamentary election, with hard-liners set to overturn a reformist majority but hoping for a solid voter turnout to make their victory credible.
Published 21 Feb, 2004 12:00am
Soya near seven-year top on Brazil crop fears

Soya near seven-year top on Brazil crop fears

Chicago Board of Trade soyabeans ended higher on Thursday, after surging to the highest level since June 1997, on a lower crop estimate for No 2 global soya producer Brazil and speculative buying, traders said.
Published 21 Feb, 2004 12:00am
Iranian vote unfair: US

Iranian vote unfair: US

Risking a nationalist backlash, the United States criticised Iran's parliamentary elections on Friday as unfair because hard-liners had banned reformist candidates.
Published 21 Feb, 2004 12:00am
ABB Grain sees buoyant barley sales to Asia

ABB Grain sees buoyant barley sales to Asia

Australia is finding buoyant demand for malting and feed barley in Asia and the Middle East and sold a cargo to Japan on Thursday, the country's main barley exporter said on Friday.
Published 21 Feb, 2004 12:00am
Iranian vote unfair: US

Iranian vote unfair: US

Risking a nationalist backlash, the United States criticised Iran's parliamentary elections on Friday as unfair because hard-liners had banned reformist candidates.
Published 21 Feb, 2004 12:00am
London sugar futures end up

London sugar futures end up

London sugar futures ended higher on Friday after an afternoon trading session that was severely marred by technical hitches at the Liffe exchange, dealers said.
Published 21 Feb, 2004 12:00am
Cuba fabricating invasion threat: US

Cuba fabricating invasion threat: US

The top US diplomat in Havana said on Friday Cuba's government was fabricating a threat of invasion by the United States to instill fear in Cubans and retain political control.
Published 21 Feb, 2004 12:00am
Russia increases barley exports via Ukraine

Russia increases barley exports via Ukraine

Russian grain traders increased feed barley exports through Ukrainian Sea ports to 37,770 tonnes in the first 10 days of February, analysts said on Friday.
Published 21 Feb, 2004 12:00am
Greenspan sees stronger hiring ahead

Greenspan sees stronger hiring ahead

Federal Reserve Chairman Alan Greenspan on Friday offered hope to Americans troubled by job losses that he saw stronger hiring ahead, but coupled it with a warning that the nation's job skills must be improved.
Published 21 Feb, 2004 12:00am
China delays GMO soya import applications

China delays GMO soya import applications

China, the world's top soya buyer, has delayed accepting applications for genetically modified organisms (GMO) soyabean shipments arriving after April 20, a Ministry of Agriculture official said on Friday.
Published 21 Feb, 2004 12:00am
Tokyo rubber makes gains

Tokyo rubber makes gains

Tokyo rubber futures rose on Friday as the market continued to look at the possibility of topping a key resistance level.
Published 21 Feb, 2004 12:00am
White House admits failure of Iraq caucus plan

White House admits failure of Iraq caucus plan

The Bush administration acknowledged on Friday that its ambitious plan to transfer sovereignty directly to a democratically elected government in Iraq was unlikely to succeed, after Iraqis insisted on elections untainted by US influence.
Published 21 Feb, 2004 12:00am
Malaysian tin steady on base metals recovery

Malaysian tin steady on base metals recovery

Malaysian tin price closed unchanged on Friday after base metals in London recovered overnight from a sell-down a day in market leader copper.
Published 21 Feb, 2004 12:00am
Nasa postpones shuttle launches to March 2005

Nasa postpones shuttle launches to March 2005

Nasa on Friday postponed to March 2005 at the earliest the resumption of space shuttle launches stopped since the Columbia accident in February of 2003 which claimed the lives of seven astronauts.
Published 21 Feb, 2004 12:00am
Gold stuck in $1 an ounce range in Asia

Gold stuck in $1 an ounce range in Asia

Gold was stuck in a $1 an ounce range in Asia on Friday, struggling to stay above $410 as dealers became frustrated by the metal's failure to touch a new high and reconsidered their precious metals positions.
Published 21 Feb, 2004 12:00am
UN warns of Haiti danger, calls for world action

UN warns of Haiti danger, calls for world action

The UN General Assembly convened a special meeting on Friday on the crisis in Haiti, where two weeks of deadly clashes have marked a growing rebellion against President Jean Bertrand Aristide.
Published 21 Feb, 2004 12:00am
Comex gold drops as investors revisit dollar

Comex gold drops as investors revisit dollar

Comex gold and silver fell on Thursday as investors reduced precious metals positions and switched to the dollar after the euro retreated from Wednesday's record high.
Published 21 Feb, 2004 12:00am
Fiat sells Edison shares in 100 million euro placement

Fiat sells Edison shares in 100 million euro placement

Fiat on Friday sold its 1.6 percent direct stake in Italy's number two power company Edison in a roughly 100 million euros ($127.1 million) deal, the latest sale of non-core assets in a turnaround plan.
Published 21 Feb, 2004 12:00am
Bird flu found in cats in Asia; Canada on alert

Bird flu found in cats in Asia; Canada on alert

Two domestic cats in Thailand have died of the same bird flu that has killed at least 22 people in Asia, a veterinarian said on Friday, a day after Canada announced its first case of a different strain of the virus.
Published 21 Feb, 2004 12:00am
Russia bans Texas poultry over bird flu

Russia bans Texas poultry over bird flu

Top US poultry buyer Russia has imposed a temporary ban on poultry and poultry product imports from another US state, Texas, for fear of spreading bird flu, the Agriculture Ministry said on Friday.
Published 21 Feb, 2004 12:00am
Hewlett-Packard profit rises

Hewlett-Packard profit rises

Hewlett-Packard Co on Thursday reported quarterly profit that rose 30 percent as the computer and printer maker grew revenues twice as fast as rival Dell Inc in desktop and notebook PCs for the second consecutive quarter.
Published 21 Feb, 2004 12:00am
Hewlett-Packard profit rises

Hewlett-Packard profit rises

Hewlett-Packard Co on Thursday reported quarterly profit that rose 30 percent as the computer and printer maker grew revenues twice as fast as rival Dell Inc in desktop and notebook PCs for the second consecutive quarter.
Published 21 Feb, 2004 12:00am
Japanese government upbeat on economy and services improve

Japanese government upbeat on economy and services improve

Japanese government maintained its upbeat view of the economy in February, saying on Friday the recovery was continuing thanks to rising exports and production, though the strength of the yen needed watching.
Published 21 Feb, 2004 12:00am
Energy costs drive up US consumer prices in January

Energy costs drive up US consumer prices in January

A sharp rise in energy costs pushed US consumer prices up at their fastest pace in nearly a year last month, but underlying price pressures remained muted, a government report showed on Friday.
Published 21 Feb, 2004 12:00am
Afghanistan donor meeting on March 31

Afghanistan donor meeting on March 31

US Treasury Under Secretary for International Affairs John Taylor said on Thursday a two-day donor conference to fund reconstruction in Afghanistan will take place in Berlin from March 31.
Published 21 Feb, 2004 12:00am
Russia calls on Opec to raise oil supply

Russia calls on Opec to raise oil supply

Russia's energy minister on Friday called on the Opec oil cartel to raise production to stop international prices overheating and damaging the global economic growth, including in Russia itself.
Published 21 Feb, 2004 12:00am
Indian bank to open branch in Afghanistan

Indian bank to open branch in Afghanistan

The Punjab National Bank is to open a branch in Kabul by June, making it the first Indian bank to open an office in Afghanistan, a PNB spokesman said Friday. The move has been endorsed by the Reserve Bank of India, the central bank, the PNB spokesman told
Published 21 Feb, 2004 12:00am
Zoellick hopes for framework WTO agreement by end July

Zoellick hopes for framework WTO agreement by end July

US Trade Representative Robert Zoellick said Friday he wanted members of the World Trade Organisation to reach a framework agreement on trade liberalisation talks by the end of July.
Published 21 Feb, 2004 12:00am
EU hits deadlock for second time on lifting GM maize ban

EU hits deadlock for second time on lifting GM maize ban

The European Union revealed its deep divisions over biotech policy on Wednesday as environment experts representing the bloc's 15 governments failed to agree on allowing imports of a genetically modified (GM) maize.
Published 21 Feb, 2004 12:00am
Fiat sells Edison shares in 100 million euro placement

Fiat sells Edison shares in 100 million euro placement

Fiat on Friday sold its 1.6 percent direct stake in Italy's number two power company Edison in a roughly 100 million euros ($127.1 million) deal, the latest sale of non-core assets in a turnaround plan.
Published 21 Feb, 2004 12:00am
French fourth quarter growth rises

French fourth quarter growth rises

French growth picked up in the final quarter of 2003, with a rise in imports and investment breathing life into the economy at the end of a weak year which saw growth at its lowest rate for a decade.
Published 21 Feb, 2004 12:00am
US MIDDAY: CSCE raw sugar firmer

US MIDDAY: CSCE raw sugar firmer

CSCE raw sugar futures were 0.05 cent firmer Friday, based on gains in London sugar prices, floor sources said.
Published 21 Feb, 2004 12:00am
US MIDDAY: COMEX gold down on backtracking euro

US MIDDAY: COMEX gold down on backtracking euro

COMEX gold felt pressure from a backtracking euro early Friday, getting fleeting support after a surprising jump in the US January Consumer Price Index suggested inflation may have bottomed.
Published 21 Feb, 2004 12:00am
LME metals end firmer, copper pushes upwards

LME metals end firmer, copper pushes upwards

Base metals rose on the London Metal Exchange (LME) on Thursday, with copper recovering from falls on Wednesday for its highest close in the current bull run, traders said.
Published 21 Feb, 2004 12:00am
Gold hits two-week low on dollar rally

Gold hits two-week low on dollar rally

Gold fell to its lowest in two weeks in Europe on Friday afternoon as the dollar surged against major currencies, luring investors away from bullion, while further noise about potential central bank gold sales added to bearish sentiment.
Published 21 Feb, 2004 12:00am
London cocoa prices mixed

London cocoa prices mixed

London cocoa prices closed mixed on Friday after being in negative territory for most of the session and still under pressure as funds and speculators went shorter, dealers said.
Published 21 Feb, 2004 12:00am
New York cotton settles mixed

New York cotton settles mixed

NYCE cotton futures ended mixed Friday after a largely expected USDA export sales report failed to spark a rally in fiber prices and traders turned to liquidate March cotton ahead of its first notice day, dealers said.
Published 21 Feb, 2004 12:00am
Excise tax waiver to Karachi University

Excise tax waiver to Karachi University

Provincial minister for excise and taxation Rauf Siddiqi on Friday announced a waiver to Karachi University in all excise taxes.
Published 21 Feb, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (February 20) and rates for Saturday (February 21, 2004).
Published 21 Feb, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 20, 2004).
Published 21 Feb, 2004 12:00am
Safta to help increase trade: RCCI

Safta to help increase trade: RCCI

Jawed Akhtar Bhatti, acting president, Rawalpindi Chamber of Commerce and Industry (RCCI) has said that the implementation of South Asia Free Trade Agreement (Safta) would help increase trade and commerce activities, besides socio-economic development of
Published 21 Feb, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 20, 2004).
Published 21 Feb, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 20, 2004).
Published 21 Feb, 2004 12:00am
Amendment in Monopoly Control Ordinance proposed

Amendment in Monopoly Control Ordinance proposed

Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) has proposed amendment in Monopoly Control Ordinance 1970 to exempt the exporters from unnecessary documentation.
Published 21 Feb, 2004 12:00am
Durrani asks police to clamp down on antisocial elements

Durrani asks police to clamp down on antisocial elements

NWFP Chief Minister Akram Khan Durrani has categorically stated that there are no two opinions about his government commitment to establish the writ of the government, the rule of law, improved law and order situation and maintaining sectarian harmony and
Published 21 Feb, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT on Friday (February 20, 2004)
Published 21 Feb, 2004 12:00am
Joint efforts urged for marine resource management

Joint efforts urged for marine resource management

The Vice-Chancellor of Karachi University, Professor Dr Pirzada Qasim Raza Siddiqui, has called for undertaking efforts for benefiting from the marine resources and, at the same time, ensuring their better management and tackling the pollution problem.
Published 21 Feb, 2004 12:00am
Kashmir on top of Pak-India talks

Kashmir on top of Pak-India talks

Kashmir is on the top of Pak-India talks and no change has taken place on the Kashmir issue, said Foreign Office spokesman Masood khan.
Published 21 Feb, 2004 12:00am
HEC to review information technology curriculum

HEC to review information technology curriculum

The Higher Education Commission (HEC) has decided to review the existing curriculum of Information Technology being taught at graduate and post-graduate levels at the public and private sector universities in the country.
Published 21 Feb, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 21 Feb, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 21 Feb, 2004 12:00am
Majlis-i-Amal asks people to uphold harmony

Majlis-i-Amal asks people to uphold harmony

The local leaders of Muttahida Majlis-i-Amal (MMA) appealed to the people during a peace conference of the party's provincial, divisional, district and city office bearers to forge unity among their ranks and pay no heed towards rumours which could lead t
Published 21 Feb, 2004 12:00am
The Weather

The Weather

The weather report of Friday (February 20) and the forecast for Saturday (February 21, 2004).
Published 21 Feb, 2004 12:00am
Darogh-e-maslehat amez behtar az rast-e-fitna angez

Darogh-e-maslehat amez behtar az rast-e-fitna angez

Once a king ordered a prisoner to be killed. The helpless prisoner in a fit of desperation began to abuse the king in his own language. The king did not understand what the prisoner said. He asked one of his ministers to say what the prisoner was saying.
Published 21 Feb, 2004 12:00am
China gifts computers to PNCA

China gifts computers to PNCA

Chinese charge d'affaires Song Deheng on Friday gave computers to Pakistan National Council of Arts as a goodwill gesture to promote cultural ties.
Published 21 Feb, 2004 12:00am
Dissenting voices and the need to maintain federalism-I

Dissenting voices and the need to maintain federalism-I

The 1973 Constitution of Pakistan has defined Pakistan as a federation and there are references where the Centre and the Central Government have been referred to as Federation and Federal Government. It seems expedient that these two terms are explained t
Published 21 Feb, 2004 12:00am
LHC calls for witnesses in poll petition

LHC calls for witnesses in poll petition

A division bench of the Lahore High Court (LHC) called for witnesses in an election petition against MPA Saleh Muhammad Ganjial.
Published 21 Feb, 2004 12:00am
CURRENT TOPICS: Truth and belief

CURRENT TOPICS: Truth and belief

A semi-educated housewife poses a question to her husband: "Darling, what is the difference between Truth and Belief?" The husband replies: "Our Pappu is your son is the Truth, Pappu is my son is the Belief". No wonder it is believed that on the Day of Ju
Published 21 Feb, 2004 12:00am
LHCBA member's plea

LHCBA member's plea

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) against the decision of the government to give supervisory control of the secondary boards to Agha Khan University.
Published 21 Feb, 2004 12:00am
Training programme held on inventory management

Training programme held on inventory management

Small and Medium Enterprise Development Authority (Smeda) in collaboration with the Multan Chamber of Commerce and Industry (MCCI) organised a training programme on 'inventory management.'
Published 21 Feb, 2004 12:00am
Common diseases of Zinnia and their control

Common diseases of Zinnia and their control

Zinnia (Zinnia elegans) occupies an important place among the leading florist crops for its beautiful flowers in different colours. Many new and good varieties, developed in the recent years, are being grown all over the country. Like other ornamental pla
Published 21 Feb, 2004 12:00am
Don't take typhoid easy!

Don't take typhoid easy!

Typhoid is an intestinal infection which is caused by a bacteria called salmonella typhi. These typhoid bacteria enter the body through unhygienic food and contaminated water.
Published 21 Feb, 2004 12:00am
Computing industry needs changes in architecture

Computing industry needs changes in architecture

The converged computing and communication industry will need to make significant changes to the underlying "architecture" of its products and applications to improve the way people use the data, as the world moves toward digital technology and vast amount
Published 21 Feb, 2004 12:00am
'Pop art has come to stay'

'Pop art has come to stay'

In every field of human activity new terms are coined every day to describe new ideas, new forms and new habits and these modern terms gain immediate currency.
Published 21 Feb, 2004 12:00am
Mobilink clarifies CEO's statement

Mobilink clarifies CEO's statement

Mobilink has clarified that the statement made by Zouhair Khaliq, President and CEO of the company, with regard to the grant of licence to more cellular companies and which appeared in February 20 issue of Business Recorder, was in reference to cel
Published 21 Feb, 2004 12:00am
CAPITAL CULTURAL SCENE: Plethora of exhibitions

CAPITAL CULTURAL SCENE: Plethora of exhibitions

There was a paintings exhibitions galore in Isloo as if the various art galleries were competing with each other and demanding attention by the art connoisseurs. It was a splendid display of creativity and it felt as if one had been caught in the whirlwin
Published 21 Feb, 2004 12:00am
Making NGOs effective - the only option for a better future

Making NGOs effective - the only option for a better future

Where government agencies waste money in the name of social uplift and betterment of the poor, non-governmental organizations (NGOs) spend less and achieve more in terms of social development. The track record of many NGOs would show how they penetrated i
Published 21 Feb, 2004 12:00am
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