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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-03-09
Lloyds TSB profit rises

Lloyds TSB profit rises

British bank Lloyds TSB announced on Monday a rise in annual headline pre-tax profit of 66 percent after benefiting from the sale of a number of its overseas businesses and greater stability in global financial markets.
Published 09 Mar, 2004 12:00am
EU revamps trade rules

EU revamps trade rules

The European Union on Monday revamped its trade defences just as some industries clamour for greater protection from Chinese imports.
Published 09 Mar, 2004 12:00am
Malaysian industrial output grows

Malaysian industrial output grows

Malaysian industrial output grew in January at its fastest annual pace in over three years on global electronics demand, confirming the economy's strength before elections that are expected to return the ruling coalition.
Published 09 Mar, 2004 12:00am
European central banks strike new gold deal

European central banks strike new gold deal

Europe's central banks said on Monday they had reached a new deal that raises the limits on their annual gold sales, further undermining its traditional role as a means of steering financial markets.
Published 09 Mar, 2004 12:00am
European central banks strike new gold deal

European central banks strike new gold deal

Europe's central banks said on Monday they had reached a new deal that raises the limits on their annual gold sales, further undermining its traditional role as a means of steering financial markets.
Published 09 Mar, 2004 12:00am
Parmalat founder's daughter freed

Parmalat founder's daughter freed

An Italian court on Monday ordered the release from prison of a daughter of Parmalat founder Calisto Tanzi who was arrested three weeks ago, judicial sources said.
Published 09 Mar, 2004 12:00am
China sharpens focus on foreign banks ahead of 2007

China sharpens focus on foreign banks ahead of 2007

China will require foreign banks to start unveiling consolidated operations from next month, sharpening supervision ahead of a full market opening in 2007 and resolving the longstanding complaints of overseas lenders.
Published 09 Mar, 2004 12:00am
Mitsubishi Motors sells Malaysia Proton stake

Mitsubishi Motors sells Malaysia Proton stake

Japan's fourth-largest auto-maker, Mitsubishi Motors Corp, sold its 7.93 percent stake in Proton on Monday, the beginning of the end to its 20-year relationship with the Malaysian car maker.
Published 09 Mar, 2004 12:00am
EU ministers to tackle complex ECB, IMF job choices

EU ministers to tackle complex ECB, IMF job choices

Talks by European Union finance ministers over a new International Monetary Fund boss may complicate the already difficult process of picking a European Central Bank board member, EU diplomats said on Monday.
Published 09 Mar, 2004 12:00am
Strong fourth-quarter at Airbus boosts EADS profit

Strong fourth-quarter at Airbus boosts EADS profit

EADS, Europe's largest aerospace company, swung to a larger-than-expected net profit in 2003 as a strong fourth quarter at its Airbus plane-making unit and a drop in charges offset losses in its space division, the company said on Monday.
Published 09 Mar, 2004 12:00am
Strong fourth-quarter at Airbus boosts EADS profit

Strong fourth-quarter at Airbus boosts EADS profit

EADS, Europe's largest aerospace company, swung to a larger-than-expected net profit in 2003 as a strong fourth quarter at its Airbus plane-making unit and a drop in charges offset losses in its space division, the company said on Monday.
Published 09 Mar, 2004 12:00am
Lloyds TSB profit rises

Lloyds TSB profit rises

British bank Lloyds TSB announced on Monday a rise in annual headline pre-tax profit of 66 percent after benefiting from the sale of a number of its overseas businesses and greater stability in global financial markets.
Published 09 Mar, 2004 12:00am
Australian stocks surge

Australian stocks surge

Australian stocks rose to their highest level in two years on Monday as strong demand for banks and resources underpinned the overall market.
Published 09 Mar, 2004 12:00am
Bangladesh to buy fuel from Kuwait

Bangladesh to buy fuel from Kuwait

State-owned Bangladesh Petroleum Corporation said on Monday it will buy the country's entire annual requirement of petroleum products from the Kuwait Petroleum Corporation (KPC) under government to government deals from 2005.
Published 09 Mar, 2004 12:00am
Opec will guarantee supplies: chief

Opec will guarantee supplies: chief

Opec President Purnomo Yusgiantoro said on Monday the producers' group would guarantee oil supplies to the market at times of high prices, but would still go ahead with a planned cut to production limits in April.
Published 09 Mar, 2004 12:00am
Yuan to stay stable, growth seven percent

Yuan to stay stable, growth seven percent

People's Bank of China Deputy Governor Li Ruogu said on Monday that growth this year in the 7-8 percent range is reasonable and there are no plans for monetary tightening in China.
Published 09 Mar, 2004 12:00am
Fujitsu-Hitachi PDP venture to build third factory

Fujitsu-Hitachi PDP venture to build third factory

A joint venture between Fujitsu Ltd and Hitachi Ltd said on Monday it would build a third plasma display panel (PDP) factory in 2005, becoming the latest PDP maker to boost output capacity to meet rising demand for flat-panel televisions.
Published 09 Mar, 2004 12:00am
Hong Kong to get more economic support from China: Tung

Hong Kong to get more economic support from China: Tung

Beijing will continue to provide support for Hong Kong's economy, but no timetable has been set for constitutional reforms, Chief Executive Tung Chee-hwa said after meetings with Chinese leaders.
Published 09 Mar, 2004 12:00am
New Zealand risks serious energy shortage by 2008

New Zealand risks serious energy shortage by 2008

New Zealand could suffer a severe energy shortage by the end of the decade unless it finds new sources of fuel by late 2006, BP executive Peter Griffiths said on Monday.
Published 09 Mar, 2004 12:00am
Shiseido to close two of six Japan plants

Shiseido to close two of six Japan plants

Japan's Shiseido Co Ltd, the world's fourth-largest cosmetics maker, said on Monday it will close two of its six main domestic plants by June 2006 in a key step towards much-needed restructuring.
Published 09 Mar, 2004 12:00am
Mahindra in talks to buy Daewoo India engine unit

Mahindra in talks to buy Daewoo India engine unit

Indian automobile and tractor maker Mahindra & Mahindra is in preliminary talks to buy the engine and transmission unit of Daewoo Motors India Ltd, the Bombay Stock Exchange said on Monday.
Published 09 Mar, 2004 12:00am
OECD tells Norway to prepare for post-oil era

OECD tells Norway to prepare for post-oil era

The Organisation for Economic Co-operation and Development (OECD) on Monday praised Norway for sound management of its oil wealth, but urged the country to prepare for the day when its lucrative reserves are depleted.
Published 09 Mar, 2004 12:00am
Induction of Boeing 777: PIA evolves new marketing strategy

Induction of Boeing 777: PIA evolves new marketing strategy

With the induction of Boeing 777-200 ERs, PIA has evolved a new marketing strategy which aims at enhanced revenue generation for the national carrier and to facilitate ticketing and reservation procedures for its valued customers.
Published 09 Mar, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Pak-India cricket series to generate economic activities

Pak-India cricket series to generate economic activities

Economic activities of millions of rupees are likely to be generated in the country during the upcoming Pak-India cricket series, as various sectors including hotel industry, railways, airlines, tour operators, rent a car dealers, etc are expecting good b
Published 09 Mar, 2004 12:00am
Punjab chief minister opens Rs 85 million traffic improvement project

Punjab chief minister opens Rs 85 million traffic improvement project

Chief Minister Punjab Chaudhry Pervaiz Ellahi inaugurated Rs 85 million Traffic Improvement and Remodelling Project of Kalima Chowk, Kamalabad and directed the high ups of the Rawalpindi Development Authority (RDA) at the occasion to ensure the timely com
Published 09 Mar, 2004 12:00am
Chemical: WAH NOBEL CHEMICALS LIMITED - Year Ended 30-06-2003

Chemical: WAH NOBEL CHEMICALS LIMITED - Year Ended 30-06-2003

Despite the problems of intense competition, over capacity and unfavourable market conditions with no significant enhancement of the sales prices during the year, the company has been able to increase its net profit after taxation.
Published 09 Mar, 2004 12:00am
Two trains for Indian visitors

Two trains for Indian visitors

Pakistan Railways (PR) has decided to run two special trains to facilitate cricket lovers of India so as they could witness the coming cricket series being held between India and Pakistan after 15 years.
Published 09 Mar, 2004 12:00am
THE RUPEE: rising trend in currency market

THE RUPEE: rising trend in currency market

Rising trend was witnessed in the open currency market on the week's opening day as the rupee posted two paisa gain in relation to dollar for buying and selling at Rs 57.45 and Rs 57.55.
Published 09 Mar, 2004 12:00am
International Women's Day: speakers call for economic empowerment

International Women's Day: speakers call for economic empowerment

Speakers at different functions, while expressing their grave concern over improper health and educational facilities as well as job opportunities for females, have asked the policy-makers to take necessary steps for ensuring better health services and ec
Published 09 Mar, 2004 12:00am
THE RUPEE: rising trend in currency market

THE RUPEE: rising trend in currency market

Rising trend was witnessed in the open currency market on the week's opening day as the rupee posted two paisa gain in relation to dollar for buying and selling at Rs 57.45 and Rs 57.55.
Published 09 Mar, 2004 12:00am
Tasman aft portion reaches Gaddani

Tasman aft portion reaches Gaddani

The aft-portion of Tasman Spirit was delivered to S S Enterprises on Monday at 1020 hours, by the salvagers, SMIT International.
Published 09 Mar, 2004 12:00am
Hashish seized

Hashish seized

The Custom mobile squad, Hassanabdal has foiled a bid to smuggle huge quantity of hashish from NWFP to Punjab in a car.
Published 09 Mar, 2004 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
NGOs vow to work for women emancipation

NGOs vow to work for women emancipation

The Joint Action Committee (JAC), committed for the protection of women's rights, declared to make efforts for bringing justice to women.
Published 09 Mar, 2004 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
'Islam gives equal rights to women'

'Islam gives equal rights to women'

Principal of Postgraduate Medical Institute, Lahore General Hospital, Professor Dr Ali Ajwad Shah has said Islam gives rights to women at par with men that are lacking in the Western society.
Published 09 Mar, 2004 12:00am
Karo-Kari termed crime against humanity

Karo-Kari termed crime against humanity

Senior police officials, sociologists, educationists and media experts at a seminar on "Honour Killings" on Monday declared Karo-Kari as "a crime against humanity" instead of tribal custom and called for economic empowerment of women, besides eradication
Published 09 Mar, 2004 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Kalabagh dam be built if it is for Pakistan: Prime Minister

Kalabagh dam be built if it is for Pakistan: Prime Minister

Prime Minister Mir Zafarullah Khan Jamali said on Monday that the government is ready to listen to those who were opposed to construction of Kalabagh dam, saying the dam should be built if it is for Pakistan and not for any specific province.
Published 09 Mar, 2004 12:00am
Nuclear programme is non-negotiable: Kasuri

Nuclear programme is non-negotiable: Kasuri

Foreign Minister Khurshid Mehmood Kasuri has said in categorical terms that Pakistan's nuclear programme was non-negotiable and reports in this connection were totally baseless.
Published 09 Mar, 2004 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
PBBF to ink MoU with Brussels Woollen Export Agency

PBBF to ink MoU with Brussels Woollen Export Agency

The Pakistan-Belgium Business Forum (PBBF) will soon sign a memorandum of understanding (MoU) with the Walloon Export Agency, Brussels, to promote trade ties between Pakistan and Belgium.
Published 09 Mar, 2004 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Jamali vows to eradicate terrorism

Jamali vows to eradicate terrorism

Prime Minister Mir Zafarullah Khan Jamali said on Monday the government would take all measures to eradicate the scourge of terrorism, sectarianism and religious extremism from the country.
Published 09 Mar, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Reunification of PML factions reviewed

Reunification of PML factions reviewed

A meeting of the five factions of Pakistan Muslim League (PML) discussed constitutional and legal matters of the party reunification formula.
Published 09 Mar, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

What depth the roots of democracy have struck in Pakistan since the last general elections would be difficult to gauge, but on the surface it seems to be flowering-at least that was the case on Monday evening.
Published 09 Mar, 2004 12:00am
Musharraf first Pakistani leader to see roof of Kaaba: Rashid

Musharraf first Pakistani leader to see roof of Kaaba: Rashid

Information Minister said on Monday that President General Pervez Musharraf held one-on-one meeting with the Saudi Arabian leadership and discussed issues including Kashmir, Palestine, the situation in Iraq and Afghanistan.
Published 09 Mar, 2004 12:00am
Shaikh Hamdan meets Kasuri

Shaikh Hamdan meets Kasuri

Deputy Prime Minister and Minister of State for Foreign Affairs of United Arab Emirates (UAE) Shaikh Hamdan Bin Zayed Al-Nahyan held talks with Foreign Minister Khurshid Mehmud Kasuri here on Monday and exchanged views on a wide range of issues of bilater
Published 09 Mar, 2004 12:00am
Inflows and outflows of rivers

Inflows and outflows of rivers

The position of the river water inflows/outflows at Tarbela, Mangla and Chashma along with the reservoir levels and the barrages at 6 am on Monday.
Published 09 Mar, 2004 12:00am
Al-Zawahri not among 20 held in Wana operation: ISPR

Al-Zawahri not among 20 held in Wana operation: ISPR

Pakistan on Monday announced formally that none of the high profile militants belong to al Qaeda or Taleban among the 20 arrested in an operation at Wana, South Waziristan, conducted last month.
Published 09 Mar, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (March 08) and rates for Tuesday (March 09, 2004).
Published 09 Mar, 2004 12:00am
Growers propose model technology to boost sugar yield

Growers propose model technology to boost sugar yield

The Sugarcane Growers Association of Mamoo Kanjan, in Faisalabad district, has found a new industrial model to bring together small farmers and 21st century sugar technology to increase yield and improve quality.
Published 09 Mar, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Ijaz Batalvi's burial on March 9

Ijaz Batalvi's burial on March 9

Renowned jurist Ijaz Hussain Batalvi, who died on Monday night, will be laid to rest in a local graveyard on Tuesday (March 9).
Published 09 Mar, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
Sale of chicken meat at peak in Sialkot district

Sale of chicken meat at peak in Sialkot district

The sale of chicken meat and eggs is at its peak in the city and other parts of Sialkot district. However, the reports of virus in poultry have brought down the rate of chicken meat in the district.
Published 09 Mar, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 08, 2004).
Published 09 Mar, 2004 12:00am
PSFD urged to produce world level textile designers

PSFD urged to produce world level textile designers

Federal Commerce Minister Humayun Akhtar Khan on Monday urged Pakistan School of Fashion Design (PSFD) to produce quality designers for country's home textile industry to help increase exports.
Published 09 Mar, 2004 12:00am
Five prisoners escape

Five prisoners escape

Five prisoners involved in heinous crimes were escaped by making a hole in the roof of a mud-made jail in Chilas, headquarters of Diamer district, a senior police official told APP here on Monday.
Published 09 Mar, 2004 12:00am
Accused in Zuhair Akram murder case acquitted

Accused in Zuhair Akram murder case acquitted

An Anti Terrorism Appellate (ATA) Bench of Sindh High Court (SHC) comprising Justice Ghulam Nabi Soomro and Justice Mohammed Mujeebullah Siddiqui on Monday allowing an appeal filed by three convicts in Zuhair Akram Nadeem murder case acquitted them of cha
Published 09 Mar, 2004 12:00am
The Weather

The Weather

The weather report of Monday (March 08) and the forecast for Tuesday (March 09, 2004).
Published 09 Mar, 2004 12:00am
Chinese military team due next month

Chinese military team due next month

A top-level Chinese military delegation will visit Pakistan this month to boost bilateral co-operation in the defence sector.
Published 09 Mar, 2004 12:00am
Pakistan and Saudi Arabia agree to fight terrorism

Pakistan and Saudi Arabia agree to fight terrorism

Minister for Information and Broadcasting Sheikh Rashid Ahmad on Monday said that President Pervez Musharraf and Saudi Crown Prince Abdullah have agreed to evolve a joint strategy to effectively cope with all problems confronting the Muslim Ummah.
Published 09 Mar, 2004 12:00am
ARD holds protest against MPA's killing

ARD holds protest against MPA's killing

Alliance for Restoration of Democracy (ARD) held protest demonstration and staged sit-in before press club here on Monday against murder of Pakistan Peoples Party Parliamentarians (PPPP) MPA Abdullah Murad Baloch in Karachi.
Published 09 Mar, 2004 12:00am
Government urged to take up dumping duty issue with EU

Government urged to take up dumping duty issue with EU

Riaz Ahmed Tata, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has urged Commerce Minister Humayuan Akhtar to take up the issue of anti-dumping duty on Pakistani bed linen with EU authorities.
Published 09 Mar, 2004 12:00am
European Union starts countermeasures on US products

European Union starts countermeasures on US products

The EU counter-measures on a list of US products in the longstanding WTO dispute on the US foreign sales corporations enter into force recently. Countermeasures on the selected products consist of an additional customs duty of 5 percent to be enforced as
Published 09 Mar, 2004 12:00am
Rise in steel prices: Abad plans countrywide suspension of work

Rise in steel prices: Abad plans countrywide suspension of work

In the face of recent rise in steel prices by the Pakistan Steel (PS) coupled with the government's reluctance to review the hike, the Association of Builders and Developers (Abad) is considering to suspend all of its construction activity across the coun
Published 09 Mar, 2004 12:00am
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