News Archives for Print - 2004-03-11

Print - 2004-03-11

Seminar on environmental law

The first annual seminar of the Pakistan Environmental Law Association (PELA) on Green Justice through Public Interest Litigation would be held at Punjab University on March 14.

Published 11 Mar, 2004 12:00am

PPA Faisalabad new office-bearers

Haji Altaf Haider has been elected President Pakistan Poultry Association (PPA) Faisalabad for the term 2004-05.

Published 11 Mar, 2004 12:00am

Permission to import re-rollable scrap and billets hailed

Pakistan Industrial & Traders Associations Front (Piaf) has welcomed the latest steps taken by the government to bring supply of steel raw material to normal position.

Published 11 Mar, 2004 12:00am

Proceedings adjourned

The Lahore High Court adjourned to March 30 the proceedings in a bail application filed by Seth Nisar as the law officer did not appear before the court.

Published 11 Mar, 2004 12:00am

PFUJ slams ban on government ads to Nawa-e-Waqt

The Pakistan Federal Union of Journalists (PFUJ), on Wednesday, declared the government's ban on advertisements to daily Nawa-e-Waqt as "contradictory to the spirit of freedom of press," and demanded of the government to revoke it immediately so as

Published 11 Mar, 2004 12:00am

Government urged to restore ads to newspapers

The Lahore High Court Bar Association (LHCBA) has called upon the government not to use advertisement as tool against journalists and restore same to Nawa-e-Waqat and Nation immediately.

Published 11 Mar, 2004 12:00am

APNS executive committee meeting on March 15

The Executive Committee of the All Pakistan Newspapers Society (APNS) shall meet on March 15 to discuss the present state of government-press relations along with other administrative and organisational issues, said the spokesman for the APNS.

Published 11 Mar, 2004 12:00am

LCCI seeks duty relief on steel raw material import

The president, Lahore Chamber of Commerce and Industry (LCCI), Mian Anjum Nisar, has urged the Finance Ministry and the Central Board of Revenue to waive off import duty on steel raw material, including scrap to arrest the crisis arising out of repeated p

Published 11 Mar, 2004 12:00am

CBR members' remarks against tax lawyers flayed

All Pakistan Tax Bar Association (Aptba) has flayed the remarks of Member CBR Direct Taxes Vakil Ahmed Khan, allegedly against the tax practitioners and demanded of his immediate removal.

Published 11 Mar, 2004 12:00am

Punjab sanctions Rs 500 million for students

Punjab Minister for Education, Mian Imran Masood has said that an amount of Rs 500 million has been sanctioned for the endowment fund that was created on special directives of the Punjab Chief Minister for the needy, but intelligent students so as enable

Published 11 Mar, 2004 12:00am

CPNE standing committee meeting on March 16

A regular meeting of the Standing Committee of the Council of Pakistan Newspaper Editors, to be presided over by President, CPNE, Mir Shakilur Rahman, will be held at 11 am at Islamabad Club in Islamabad on Tuesday, March 16, 2004.

Published 11 Mar, 2004 12:00am

Punjab minister returns from US

The Provincial Minister for Industries, Commerce and Investment, Muhammad Ajmal Cheema, arrived here on Wednesday from the United Sates.

Published 11 Mar, 2004 12:00am

MoU with Italy on academic field soon

Pakistan and Italy would soon sign a memorandum of understanding (MoU) to enhance the ties in academic fields.

Published 11 Mar, 2004 12:00am

Hearing adjourned

The Lahore High Court adjourned to March 30 the proceedings in an appeal filed by former Mayor Multan Salahuddin Dogar as the court time was over.

Published 11 Mar, 2004 12:00am

Arrangements for visit of Vietnamese president finalised

The senior officials of Pakistan and Vietnam on Wednesday reviewed and finalised arrangements for the visit of President of Vietnam to Pakistan later this month.

Published 11 Mar, 2004 12:00am

Cell phone charges

The Central Board of Revenue (CBR) appears to be balking at the Rs 6 billion shortfall in revenue if the activation charges on mobile phones and withholding tax on prepaid cards are abolished on the proposal of the Pakistan Telecom Authority (PTA).

Published 11 Mar, 2004 12:00am

World Women's Day

The International Women's Day with the theme "Gender and HIV/AIDS", was celebrated in Pakistan, as elsewhere in the world, on March 8, as sort of a reminder of the launch of the struggle for women's emancipation world-wide.

Published 11 Mar, 2004 12:00am

Magna Carta: is Pakistan observing its clauses?

"No free man shall be seized or imprisoned, or stripped of his rights or possessions, or outlawed or exiled, or deprived of his standing in any other way, nor will we proceed with force against him, or send others to do so, except by the lawful judgment o

Published 11 Mar, 2004 12:00am

Partly Facetious: an international incident averted thru Aristide ouster

"The former Haitian President says that the Americans kidnapped him and then took him to.."

Published 11 Mar, 2004 12:00am

Tea on wheels: disabled Afghans find safe smuggling option

Each morning the shoulders of the potholed road into Pakistan's north-west frontier city Peshawar are crammed with hundreds of tricycle-bound Afghan refugees, struggling along the 10-kilometer (six mile) road from the Bara smugglers bazaar in the border t

Published 11 Mar, 2004 12:00am

Sindh Assembly summoned

Syed Muzaffar Hussain Shah, Speaker Provincial Assembly of Sindh has summoned the provincial assembly of Sindh to meet in the Sindh Assembly Building, Karachi at 09.00 am on Friday, March 19.

Published 11 Mar, 2004 12:00am

LME official prices

LME official prices on Tuesday.

Published 11 Mar, 2004 12:00am

Rise in steel price paralyses construction industry

The uneven jump in iron and steel prices, from Rs 282,00, to Rs 530,00 per tonne during the last week has stopped the development of both the private and public sector and has paralysed the construction industry and all other related industries.

Published 11 Mar, 2004 12:00am

LME official prices

LME official prices on Tuesday.

Published 11 Mar, 2004 12:00am

ATT cargo: QICT allows six demurrage-free days for LCL

The Qasim International Container Terminal (QICT) has announced six demurrage-free days from the date of de-stuffing of Lose Container Load (LCL) containers.

Published 11 Mar, 2004 12:00am

New York cotton

Closing prices of New York cotton in US cents/pound on Tuesday.

Published 11 Mar, 2004 12:00am

Paapam demands creation of auto parts exports fund

Nabeel Hashmi, Chairman, Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has demanded of federal finance minister Shaukat Aziz to create a special fund to support auto parts sector for its export promotion.

Published 11 Mar, 2004 12:00am

New York cotton

Closing prices of New York cotton in US cents/pound on Tuesday.

Published 11 Mar, 2004 12:00am

CBR chairman's services eulogised

Pakistan's top bureaucracy has appreciated the services of outgoing Central Board of Revenue (CBR) Chairman Riaz Ahmed Malik in successfully initiating the process of reforms, which helped in re-organisation of the board.

Published 11 Mar, 2004 12:00am

Key stock market movements at 1800 GMT on March 10

The latest close of key indices on major world stock exchanges, the day's change in points and the indices' 2003 closing highs and lows (with dates).

Published 11 Mar, 2004 12:00am

Presentation on security compliance for exports at FPCCI

Since the trade has been linked with security following the September 11 events, the World Trade Organisation (WTO) Resource Centre of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will organise a presentation on security compliance

Published 11 Mar, 2004 12:00am

The Weather

The weather report on Wednesday (March 10) and forecast of Thursday (March 11, 2004).

Published 11 Mar, 2004 12:00am

Crackdown on illegal water connections pledged

Rasheed Ahmad Chaudhry, Water and Sanitation Agency (Wasa) Chief, has pledged crackdown on illegal connection holders and those who have installed electric pumps on water supply lines.

Published 11 Mar, 2004 12:00am

Rs 1,260 million to be spent on Punjab women health project

Punjab Health Minister Dr Tahir Ali Javed has said the provincial government is spending Rs 1,260 million under the Women Health Project (WHP) for provision of necessary health facilities to mothers and children in various districts of the province.

Published 11 Mar, 2004 12:00am

Smuggled scrap and cloth worth Rs 3 million seized

Customs anti smuggling squads have seized smuggled scrap, cloth and other contraband materials valuing Rs three million from various places in the provincial capital.

Published 11 Mar, 2004 12:00am

Steps for women uplift demanded

Women are facing worst form of discrimination in the society and are not being allowed to use their full potential for the welfare of the society.

Published 11 Mar, 2004 12:00am

Former justice Aslam Riaz passes away

Aslam Riaz Hussain, former Judge of Supreme Court of Pakistan, passed away here on Wednesday after a protracted illness. Aslam Riaz worked in different positions including Federal Ombudsman.

Published 11 Mar, 2004 12:00am

Christians observe Fast

The Christians observed a special Fast to express grief over the tragic incident of Quetta in which many people were killed.

Published 11 Mar, 2004 12:00am

National poultry congress from April 9

Pakistan Poultry Association (PPA) Punjab is to hold a 'National Poultry Congress' in the provincial capital on April 9-10.

Published 11 Mar, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Equities stay depressed

The share prices on Wednesday were dragged down for the second consecutive day because of lack of supporting news from the privatisation or economic sector where KSE index lost 26 points.

Published 11 Mar, 2004 12:00am

Kenyan tea prices fall

Kenyan tea prices were mostly lower at this week's auction due to higher volume of poor quality leaves getting to the sale, a trader at the Africa Tea Brokers (ATB) said on Wednesday.

Published 11 Mar, 2004 12:00am

Equities stay depressed

The share prices on Wednesday were dragged down for the second consecutive day because of lack of supporting news from the privatisation or economic sector where KSE index lost 26 points.

Published 11 Mar, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 38,789 tonnes of cargo including 13,868 tonnes import and 24,921 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.

Published 11 Mar, 2004 12:00am

Companies Easy Exit Scheme extended

The Securities and Exchange Commission of Pakistan (SECP) has re-launched the 'Companies Easy Exit Scheme' (CEES) for four months ending on June 30, 2004.

Published 11 Mar, 2004 12:00am

Indian wheat crop smallest in seven years: USDA

India will produce its smallest wheat crop in seven years as dryness reduces production by 4.2 million tonnes from previous projections and contributes to the lowest global wheat ending stocks in more than 20 years, the US Department of Agriculture said o

Published 11 Mar, 2004 12:00am

Companies Easy Exit Scheme extended

The Securities and Exchange Commission of Pakistan (SECP) has re-launched the 'Companies Easy Exit Scheme' (CEES) for four months ending on June 30, 2004.

Published 11 Mar, 2004 12:00am

Sri Lankan tea prices down

Sri Lanka tea prices dipped at the latest auction on Wednesday, with top quality teas from both the low-grown and high-grown regions holding firm but poorer qualities losing ground.

Published 11 Mar, 2004 12:00am

Khokhrapar bus service: Islamabad and Delhi agree to meet again

Pakistan and India on Wednesday affirmed commitment to start bus service between Khokhrapar and Munnabao.

Published 11 Mar, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Khokhrapar bus service: Islamabad and Delhi agree to meet again

Pakistan and India on Wednesday affirmed commitment to start bus service between Khokhrapar and Munnabao.

Published 11 Mar, 2004 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 11 Mar, 2004 12:00am

Six hurt in Rawalpindi gas explosion

Six people were injured in a blast in Rawalpindi, City Police Chief Syed Marwat Shah said.

Published 11 Mar, 2004 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm

Published 11 Mar, 2004 12:00am

Quake jolts Chitral and Peshawar

An earthquake measuring 5.0 on the Richter scale rocked north-western areas of the country on Wednesday but there were no immediate reports of casualties or damage to property, officials said.

Published 11 Mar, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

GM chief says no plans to part with Fiat

General Motors Corp is satisfied with its co-operation with Fiat and has no plans to part ways with the Italian carmaker, GM Chairman Rick Wagoner told a Swiss newspaper.

Published 11 Mar, 2004 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Bears stay in front seat on ISE

Bears remained in the front seat on the Islamabad Stock Exchange (ISE) where equities suffered across the board losses amid decrease in index.

Published 11 Mar, 2004 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Bears stay in front seat on ISE

Bears remained in the front seat on the Islamabad Stock Exchange (ISE) where equities suffered across the board losses amid decrease in index.

Published 11 Mar, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Japan and Mexico near agreement on free trade pact

Mexican Farm Minister Javier Usabiaga said on Wednesday that talks on a free trade agreement (FTA) between Mexico and Japan were very close to agreement.

Published 11 Mar, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Equities extend losses on LSE

Equities on the local stock market on Wednesday extended the overnight losses as majority of players either hugged on sidelines or took to profit taking in absence of any fresh positive news.

Published 11 Mar, 2004 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Equities extend losses on LSE

Equities on the local stock market on Wednesday extended the overnight losses as majority of players either hugged on sidelines or took to profit taking in absence of any fresh positive news.

Published 11 Mar, 2004 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Gold less important for central bank

A Bundesbank plan to sell gold over the next five years shows the yellow metal is no longer so important for central bank policy as it was, the German finance ministry said in a document obtained by Reuters on Wednesday.

Published 11 Mar, 2004 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Air France to launch offer for KLM on March 22

Air France is to launch an offer for shares in Dutch airline KLM on March 22, Air France chief executive Jean-Cyril Spinetta said on Wednesday.

Published 11 Mar, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Air France to launch offer for KLM on March 22

Air France is to launch an offer for shares in Dutch airline KLM on March 22, Air France chief executive Jean-Cyril Spinetta said on Wednesday.

Published 11 Mar, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

US steel scrap users may ask Bush to limit exports

A coalition of US steel manufacturers and consumers said on Tuesday it may ask the Bush administration to limit US steel scrap exports because of Chinese purchases that have pushed prices sharply higher.

Published 11 Mar, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Italy unions call second strike over pensions

Italy's three main unions on Wednesday called a four-hour general strike for March 26 to protest against government plans to raise the age at which people can draw a pension.

Published 11 Mar, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Palestinian groups blame US for death of Abu Abbas

Palestinian groups pointed the finger at US forces Wednesday after Abu Abbas, mastermind of the 1985 hijacking of the Achille Lauro cruise ship when a wheelchair-bound American was killed, died in their custody in Iraq.

Published 11 Mar, 2004 12:00am

Crescent Capital Management (Pvt) Ltd: daily foreign exchange report

The greenback advanced by a few paisa more versus the Pak rupee amid hectic buying in the Interbank Forex Market during the day.

Published 11 Mar, 2004 12:00am

Japan state body unveils $3.3 billion Kanebo bail-out

Japan's state-backed corporate rescue body said on Wednesday it was taking over the cosmetics business of struggling Kanebo Ltd in an operation worth 380 billion yen ($3.4 billion), its largest to date.

Published 11 Mar, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

EU to set out worries on Oracle/PeopleSoft deal

EU regulators are expected to raise the stakes in a probe of Oracle Corp's offer for PeopleSoft Inc by providing a statement of objections to the plan, a person close to the case said on Wednesday.

Published 11 Mar, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Opposition stages sit-in in front of Sindh Assembly

Hundreds of activists of Pakistan People's Party Parliamentarians (PPPP) and other opposition parties, including Alliance for the Restoration of Democracy (ARD) and the Muttahida Majlis-i-Amal (MMA), on Wednesday staged a sit-in in front of the Sindh Asse

Published 11 Mar, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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