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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-03-12
Halliburton responds to Waxman memo

Halliburton responds to Waxman memo

Halliburton Co, the main US contractor in Iraq, on Thursday fired back at a Democratic lawmaker who contends that Pentagon auditors have found major problems with how the company drew up cost estimates for billions of dollars of work there.
Published 12 Mar, 2004 12:00am
US MIDDAY: copper surges on raft of bullish news

US MIDDAY: copper surges on raft of bullish news

COMEX copper prices charged higher early Thursday on a raft of bullish copper news, forcing investors to cover short positions and drawing fund buyers back to the market, traders said.
Published 12 Mar, 2004 12:00am
Germany's IfW cuts 2004 growth forecast

Germany's IfW cuts 2004 growth forecast

Germany's Institute for World Economics (IfW) on Thursday revised down its 2004 growth forecast for the country's economy amid concerns over the strong euro and what it termed short-term government economic reform.
Published 12 Mar, 2004 12:00am
Limiting trade not answer to US job loss: Greenspan

Limiting trade not answer to US job loss: Greenspan

Federal Reserve Chairman Alan Greenspan on Thursday urged Americans not to turn high anxiety about US job losses into support for projectionist trade measures, which could hurt rather than help the situation.
Published 12 Mar, 2004 12:00am
India offers vast opportunities: S&P

India offers vast opportunities: S&P

Standard & Poor's Ratings Services said that India offers vast business opportunities in a variety of areas due to a large middle-class population, growing consumer purchasing power, and large unfulfilled demand for a number of products and businesses.
Published 12 Mar, 2004 12:00am
US retail sales up, jobless claims fall

US retail sales up, jobless claims fall

US retail sales rose in February, but buyers limited their shopping to auto dealers and department stores, while lines for first-time jobless benefits shortened last week, government reports showed on Thursday.
Published 12 Mar, 2004 12:00am
Opec allows members to increase output

Opec allows members to increase output

The president of the Organisation of Petroleum Exporting Countries said Thursday the cartel will allow member states to raise output to stabilise high world prices.
Published 12 Mar, 2004 12:00am
Nissan hopes to save US jobs if fuel plea fails

Nissan hopes to save US jobs if fuel plea fails

Nissan Motor Company said on Thursday it is looking at ways to protect jobs at its US plants but declined to elaborate on what it will do if its appeal to be exempt from fuel-economy rules is rejected.
Published 12 Mar, 2004 12:00am
Japan to replace India with China as top aid recipient

Japan to replace India with China as top aid recipient

Faced with a tight budget and China's robust growth, Japan will cut loans to Beijing for a third straight year, replacing the Asian giant with India as the top recipient of its foreign aid, officials said on Thursday.
Published 12 Mar, 2004 12:00am
China fuels accelerating world oil demand growth: IEA

China fuels accelerating world oil demand growth: IEA

Rapid economic growth in China is fuelling faster-than-expected world oil demand this year, helping support high crude prices, the International Energy Agency (IEA) said on Thursday.
Published 12 Mar, 2004 12:00am
British and US firms get new Iraq deals

British and US firms get new Iraq deals

The Pentagon on Wednesday named a new group of seven US and British contract winners to manage the rebuilding of Iraq, kicking off a fresh phase of US-funded reconstruction plans.
Published 12 Mar, 2004 12:00am
Software flaw 'critical': Microsoft

Software flaw 'critical': Microsoft

Microsoft Corp upgraded a recent security warning to "critical" after discovering new ways in which an attacker could run malicious software on a vulnerable computer, the world's largest software maker said on Wednesday.
Published 12 Mar, 2004 12:00am
EDF profit almost doubles, keeps targets

EDF profit almost doubles, keeps targets

State-owned French energy giant Electricite de France said on Thursday its net profit almost doubled in 2003 despite hefty exceptional charges, thanks to strong performances from its French and European businesses.
Published 12 Mar, 2004 12:00am
EDF profit almost doubles, keeps targets

EDF profit almost doubles, keeps targets

State-owned French energy giant Electricite de France said on Thursday its net profit almost doubled in 2003 despite hefty exceptional charges, thanks to strong performances from its French and European businesses.
Published 12 Mar, 2004 12:00am
Russian foreign currency reserves shrink by $1.8 billion

Russian foreign currency reserves shrink by $1.8 billion

Russia's foreign currency reserves fell by $1.8 billion by March 5 reflecting the central bank's efforts to curb the rouble's volatility in the run up to next Sunday's presidential election.
Published 12 Mar, 2004 12:00am
Executive Director of US Chamber due on March 12

Executive Director of US Chamber due on March 12

Ms Esperanza Gomes, Executive Director US-Pak Business Council of US Chambers of Commerce, Washington will arrive in Pakistan on Friday to finalise the 5-day long schedule of the forthcoming visit of a high level 15-member delegation of US Investors and T
Published 12 Mar, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 12 Mar, 2004 12:00am
Sherpao for expediting water and power projects

Sherpao for expediting water and power projects

The Federal Minister for Water and Power, Aftab Ahmed Khan Sherpao has directed the Wapda authorities to speed up the progress of the ongoing power and water projects for overall socio-economic growth of the country.
Published 12 Mar, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (March 11, 2004).
Published 12 Mar, 2004 12:00am
Inflation rate slows down in February

Inflation rate slows down in February

The country's inflation rate for February has slowed down as compared to the previous month as the prices of several products, including food items fell sharply, the Islamabad-based Federal Bureau of Statistics said.
Published 12 Mar, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (March 11, 2004).
Published 12 Mar, 2004 12:00am
Altaf asks TV channels to mend ways or face boycott

Altaf asks TV channels to mend ways or face boycott

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Thursday asked the television channels to mend ways or face a public boycott for not projecting the poor man's cause.
Published 12 Mar, 2004 12:00am
Wardag meets Musharraf

Wardag meets Musharraf

President of Tehrik-e-Istaqlal Rehmat Khan Wardag has called on President General Pervez Musharraf here on Thursday to take personal note of the increasing black-marketing of flour supported by organised network of hoarder and flour millers.
Published 12 Mar, 2004 12:00am
CDA and FWO ink Rs 450 million roads widening pact

CDA and FWO ink Rs 450 million roads widening pact

Frontier Works Organisation (FWO) has agreed in principle to take up Rs 450 million project of Capital's road widening. The agreement was inked between Capital Development Authority (CDA) and FWO in the presence of Federal Interior Minister Makhdoom Syed
Published 12 Mar, 2004 12:00am
THE RUPEE: sliding trend seen in interbank rates

THE RUPEE: sliding trend seen in interbank rates

The rupee on Thursday continued its downward revision versus the dollar in the interbank market, shedding four paisa for buying and selling at Rs 57.45 and Rs 57.47, respectively.
Published 12 Mar, 2004 12:00am
Massive cash prizes for Pakistani cricketers announced

Massive cash prizes for Pakistani cricketers announced

Massive cash prizes were announced at Karachi Club on Thursday for Pakistan cricket team for winning the one-day series against India and for hitting a century and taking five wickets during the series.
Published 12 Mar, 2004 12:00am
THE RUPEE: sliding trend seen in interbank rates

THE RUPEE: sliding trend seen in interbank rates

The rupee on Thursday continued its downward revision versus the dollar in the interbank market, shedding four paisa for buying and selling at Rs 57.45 and Rs 57.47, respectively.
Published 12 Mar, 2004 12:00am
Cardiology congress on March 27

Cardiology congress on March 27

The Fourth National Congress of Preventive Cardiology, NCPC 2004, will be held in Karachi on March 27, at the Liaquat National Convention Centre of the Liaquat National Hospital in Karachi.
Published 12 Mar, 2004 12:00am
Labour ministry warns of fake recruiting agents

Labour ministry warns of fake recruiting agents

Ministry of Labour, Manpower and Overseas Pakistanis and Bureau of Emigration and Overseas Employment, has informed that people desirous for employment abroad especially in Malaysia, are falling prey to unscrupulous and fake recruiting agents.
Published 12 Mar, 2004 12:00am
Cops fail to curb traffic nuisance

Cops fail to curb traffic nuisance

Traffic police had failed to overcome the problems of overloading and misbehaviour of the drivers and conductors of the public transport vehicles with the commuters.
Published 12 Mar, 2004 12:00am
CDA helper electricians seek promotions

CDA helper electricians seek promotions

More than 50 helper electricians deputed in the inquiry offices of CDA have demanded of the Chairman to promote them to the post of electrician on the basis of their experience.
Published 12 Mar, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 11, 2004).
Published 12 Mar, 2004 12:00am
Lithuanian team meets commerce secretary

Lithuanian team meets commerce secretary

A three-member Lithuanian delegation led by Evaldas Ingnatavicius, under-secretary of state of Lithuania called on Commerce Secretary Kamal Afsar here on Thursday.
Published 12 Mar, 2004 12:00am
Auctions of agri market committees termed 'ugly manoeuvring'

Auctions of agri market committees termed 'ugly manoeuvring'

Leaders of grower's organisations termed the auctions of agri market committees across the province "Ugly manoeuvring" and demanded restoration of market committee status as defined in Agriculture Produce Market Committee Act 1939.
Published 12 Mar, 2004 12:00am
ZTB loans: government urged to take notice of fishermen's woes

ZTB loans: government urged to take notice of fishermen's woes

President of Sea and Fresh Water Food Mole Holders Association (S&FWFMHA) Baboo Muhammed Ismail and President Haji Mir Khan Niazi of the Sindh Trawler Owners and Fishermen Association (STO&FA), on Thursday requested the government to take immediate notice
Published 12 Mar, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (March 11) and rates for Friday (March 12, 2004).
Published 12 Mar, 2004 12:00am
POA chief felicitated

POA chief felicitated

Rai Munir Ahmed, Minister of State for Minorities, Culture, Sports and Tourism, has congratulated Lieutenant General Arif Hasan (Retd) on his unopposed election as President of Pakistan Olympic Association (POA).
Published 12 Mar, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 11, 2004).
Published 12 Mar, 2004 12:00am
Lahore chakki owners go on strike over arrests

Lahore chakki owners go on strike over arrests

Over 500 members of the Lahore Atta Chakki Owners Association on Thursday went on strike for an indefinite period in protest against what the association termed 'illegal arrests' of the members.
Published 12 Mar, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 11, 2004).
Published 12 Mar, 2004 12:00am
Wheat prices surge in Rawalpindi

Wheat prices surge in Rawalpindi

Wheat prices in Rawalpindi have surged to new levels as the provincial and local governments are struggling to cope with the situation.
Published 12 Mar, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 11, 2004).
Published 12 Mar, 2004 12:00am
Indian writers arrive for regional moot

Indian writers arrive for regional moot

A nine-member team of Indian writers arrived here on Thursday en route to Lahore to attend a three-day South Asian writers' moot.
Published 12 Mar, 2004 12:00am
Sindh government urged to provide wheat flour

Sindh government urged to provide wheat flour

The Nazim of Lines Area Union Council No 8 and City Councillor Mahfoozun Nabi Khan has urged upon the Sindh Governor Dr Ishrat-ul-Ibad Khan and Chief Minister Sardar Ali Mohammed Mehar to secure at least one hundred big trailers from the National Logistic
Published 12 Mar, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT on Thursday (March 11, 2004)
Published 12 Mar, 2004 12:00am
New York cotton

New York cotton

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

New York cotton

Closing prices of New York cotton in US cents/pound on Wednesday.
Published 12 Mar, 2004 12:00am
Five food officials get 10-year rigorous imprisonment

Five food officials get 10-year rigorous imprisonment

Special Judge Anti Corruption Multan Mian Sajjad Ahmed Chavan has awarded 10 years rigorous imprisonment each to Assistant Food Controller Mohib Hussain, Supervisor Ijaz Ahmed, clerk Javed Iqbal and other two officials - Taufeeq Ahmed and Fida Hussain - o
Published 12 Mar, 2004 12:00am
Gilani terms resignations an outcome of deal

Gilani terms resignations an outcome of deal

Vice Chairman of Pakistan People's Party Parliamentarian Syed Yousaf Raza Gilani has strongly reacted on the resignation of one member of National Assembly and three members of Punjab Assembly and seven Nazimeen including Tariq Bashir Cheema of Bahawalpur
Published 12 Mar, 2004 12:00am
Former PPP MNA to re-contest on PML ticket from same seat

Former PPP MNA to re-contest on PML ticket from same seat

Chief Minister Punjab, Chaudhry Pervaiz Elahi said on Thursday that former PPP Parliamentarian MNA Chaudhry Zaffar Iqbal Warraich will re-contest from the same seat, but this time on the PML ticket.
Published 12 Mar, 2004 12:00am
Nishan-i-Imtiaz conferred on Turkish commander

Nishan-i-Imtiaz conferred on Turkish commander

The President General Pervez Musharraf conferred the award of Nishan-i-Imtiaz (Military) on Turkish Air Force Commander, General Halil Ibrahim Firtina, at a special investiture ceremony here.
Published 12 Mar, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (March 11) and the forecast of Friday (March 12, 2004).
Published 12 Mar, 2004 12:00am
PIA gets 96 percent regularity in post-Haj operation

PIA gets 96 percent regularity in post-Haj operation

The PIA national carrier achieved unprecedented regularity of 96 percent during its massive post-Haj operation, which completed with the arrival of last flight at Lahore airport.
Published 12 Mar, 2004 12:00am
ILO initiates projects to address child labour

ILO initiates projects to address child labour

International Labour Organisation (ILO) has initiated its projects to the National Time-bound Programme on the worst form of child labour (WFCL) in seven districts across Pakistan, said Johannes Lokollo, Director International Labour Organisation.
Published 12 Mar, 2004 12:00am
95 percent football industry purged of child labour menace

95 percent football industry purged of child labour menace

About 95 percent soccer ball industry of Sialkot has been purged from the menace of child labour and 'we are satisfied with this tremendous achievement', said Director International Labour Organisation (ILO) Johannes Lokollo.
Published 12 Mar, 2004 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 12 Mar, 2004 12:00am
SSGC and US firm sign pact

SSGC and US firm sign pact

Sui Southern Gas Company (SSGC) has signed a contract with Moseley Associated of the United States for the supply and installation of telecommunication and supervisory control and data acquisition system (Scada) network at a cost of $2 million.
Published 12 Mar, 2004 12:00am
Sumitomo Corp team meets Rind

Sumitomo Corp team meets Rind

A delegation of Sumitomo Corporation led by Motto Yoshioka, called on Federal Minister for Food and Agriculture, Sardar Yar Mohammad Rind here on Thursday.
Published 12 Mar, 2004 12:00am
Lithuanian team visits RCCI

Lithuanian team visits RCCI

President of Rawalpindi Chamber of Commerce and Industry (RCCI) Hussain Ahmed Ozgen has called upon the developing countries to co-operate in trade and economic development to meet the challenges of present era keeping in view the changing international e
Published 12 Mar, 2004 12:00am
FTO advisory group discusses irritants in tax laws

FTO advisory group discusses irritants in tax laws

To identify irritants in tax laws and suggest remedy, a meeting of the advisory group, set up by the Federal Tax Ombudsman (FTO), was held in the regional office of the FTO here on Wednesday.
Published 12 Mar, 2004 12:00am
'Rise in steel prices to render thousands jobless'

'Rise in steel prices to render thousands jobless'

The recent unwarranted and unprecedented increase in the prices of iron and steel would not only badly affect the construction industry of the country but also render thousands of workers associated with this industry jobless.
Published 12 Mar, 2004 12:00am
D&SJ/DRO offices to open on March 13

D&SJ/DRO offices to open on March 13

The offices of district and sessions judges/district returning officers of all the five districts of Karachi shall remain open on March 13 despite local holiday.
Published 12 Mar, 2004 12:00am
Upgraded colleges of Pharmacy, Art and Design inaugurated

Upgraded colleges of Pharmacy, Art and Design inaugurated

Governor Punjab Lieutenant General Khalid Maqbool (Retd) on Thursday inaugurated the upgraded constituent colleges of the Punjab University's Department of Pharmacy and Institute of Art and Design.
Published 12 Mar, 2004 12:00am
Bosicor Pakistan installs TDMoIP technology

Bosicor Pakistan installs TDMoIP technology

Bosicor Pakistan Limited has successfully installed Pakistan's first Time Division Multiplexing over Internet Protocol (TDMoIP) technology at Mouza Kund Plant (MKP 1), Hub Balochistan.
Published 12 Mar, 2004 12:00am
Punjab government to patronise promotion of Punjabi language

Punjab government to patronise promotion of Punjabi language

Punjab Minister for Education, Mian Imran Masood, has said that Punjab government will fully patronise the promotion of Punjabi language and all vacant posts of Punjabi subject in education department will be filled in on priority basis.
Published 12 Mar, 2004 12:00am
Inflows and outflows of rivers

Inflows and outflows of rivers

The position of the water inflows/outflows at Tarbela, Mangla and Chashma along with the reservoirs levels and the barrages at 6 am Thursday.
Published 12 Mar, 2004 12:00am
LCCI seeks liberalised trade with India

LCCI seeks liberalised trade with India

The Lahore Chamber of Commerce and Industry (LCCI) would formulate a comprehensive working paper based on the observations of all delegates who were part of the LCCI fact-finding mission that recently concluded tour to India.
Published 12 Mar, 2004 12:00am
Aptba condemns attitude of sales tax officials

Aptba condemns attitude of sales tax officials

All Pakistan Tax Bar Association (Aptba) has condemned the attitude of sales tax officials and urged the government and CBR to take steps to eliminate the harassment caused by the Sales Tax Collectorates to taxpayers.
Published 12 Mar, 2004 12:00am
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