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Nov 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-04-13
Tokyo stocks finish higher, economic optimism returns

Tokyo stocks finish higher, economic optimism returns

Japanese stocks closed higher on Monday as buyers returned to bank and high-tech shares, counting on a steady recovery in the economy and hoping that three Japanese hostages in Iraq would be released soon.
Published 13 Apr, 2004 12:00am
Indian shares drop as techs drag

Indian shares drop as techs drag

Indian shares dropped nearly one percent on Monday as technology shares fell on jitters ahead of quarterly earnings and expectations of a cautious outlook from sector bellwether Infosys Technologies.
Published 13 Apr, 2004 12:00am
Monday's unofficial close: US stocks higher

Monday's unofficial close: US stocks higher

US stocks rose on Monday, led by blue chip companies Exxon Mobil and DuPont Co, as investors anticipated strong earnings at the start of one of the busiest weeks of the quarterly reporting season.
Published 13 Apr, 2004 12:00am
Ringgit peg to stay despite Singapore move

Ringgit peg to stay despite Singapore move

Malaysia said on Monday it had no plan to change its fixed-currency system, repeating the government's standard line despite a move by neighbouring Singapore to allow its currency to strengthen.
Published 13 Apr, 2004 12:00am
Yen gains on Nikkei but hostage crisis weighs

Yen gains on Nikkei but hostage crisis weighs

The yen edged up against the dollar on Monday on firmer Tokyo stock prices, but the market was thin due to holidays overseas and trod on eggshells as it awaited the outcome of a hostage crisis in Iraq.
Published 13 Apr, 2004 12:00am
Bangladeshi taka eases slightly

Bangladeshi taka eases slightly

The Bangladeshi taka softened slightly on Monday after some import related payments, dealers said.
Published 13 Apr, 2004 12:00am
Chinese yuan notches weaker

Chinese yuan notches weaker

The yuan ended one notch weaker versus the dollar at 8.2771 on Monday, but remained near the stronger end of its managed trading range.
Published 13 Apr, 2004 12:00am
Indian rupee ends marginally weaker

Indian rupee ends marginally weaker

The Indian rupee ended marginally weaker on Monday, giving up early gains as the central bank stepped up dollar purchases in the currency market, dealers said.
Published 13 Apr, 2004 12:00am
Iranian second round of parliamentary poll next month

Iranian second round of parliamentary poll next month

The second round of Iran's parliamentary elections is scheduled to be held on May 7, state media announced Monday, with the vote expected to add to an already overwhelming majority of conservatives in the new assembly.
Published 13 Apr, 2004 12:00am
Two Palestinians killed

Two Palestinians killed

Two Palestinians were killed on Monday as Israeli forces foiled a joint attack by the three main Palestinian armed factions on a Jewish settlement in the northern Gaza Strip, sources on both sides said.
Published 13 Apr, 2004 12:00am
Qorei warns US over guarantees for Sharon

Qorei warns US over guarantees for Sharon

The Palestinian prime minister warned the United States Monday against giving his Israeli counterpart Ariel Sharon, on a visit to Washington this week, any guarantees detrimental to the Palestinians.
Published 13 Apr, 2004 12:00am
Cheney lends support to Koizumi on Iraq

Cheney lends support to Koizumi on Iraq

US Vice President Dick Cheney told Japanese Prime Minister Junichiro Koizumi on Monday that he was doing the right thing by resisting mounting political pressure and keeping troops in Iraq despite shock over the kidnapping of three Japanese civilians.
Published 13 Apr, 2004 12:00am
Panjshir declared Afghanistan's 34th province

Panjshir declared Afghanistan's 34th province

A stronghold of anti-Taleban resistance has been named as Afghanistan's newest province in honour of assassinated leader Ahmad Shah Massood, a spokesman for the president said Monday.
Published 13 Apr, 2004 12:00am
Indian court orders retrial of Gujarat deaths case

Indian court orders retrial of Gujarat deaths case

India's highest court ordered on Monday a retrial of a high-profile murder case after 20 Hindus were acquitted of slaying 12 Muslims during religious riots in Gujarat state in 2002.
Published 13 Apr, 2004 12:00am
Arroyo takes lead in latest Philippine poll

Arroyo takes lead in latest Philippine poll

Philippine President Gloria Macapagal Arroyo has taken a significant lead over actor Fernando Poe Jr for the first time, the latest opinion poll ahead of May 10 elections showed on Monday.
Published 13 Apr, 2004 12:00am
Mubarak tells Bush of worries over Iraq

Mubarak tells Bush of worries over Iraq

Egyptian President Hosni Mubarak told US President George W. Bush on Monday that he was deeply concerned about the crisis in Iraq and urged Washington to hand back sovereignty "as soon as possible."
Published 13 Apr, 2004 12:00am
Internecine war ends in Sri Lanka

Internecine war ends in Sri Lanka

Sri Lanka's renegade Tiger rebel leader abruptly ended a fierce factional battle Monday and demobilised thousands of his fighters in a move that attracted a government offer of asylum.
Published 13 Apr, 2004 12:00am
China urges US to scrap Taiwan Relations Act

China urges US to scrap Taiwan Relations Act

China urged the United States Monday to scrap its Taiwan Relations Act, 25 years after Congress passed the law that requires the US to defend Taiwan if the island is attacked.
Published 13 Apr, 2004 12:00am
Turk Cypriots hand UN list of settlers who can stay

Turk Cypriots hand UN list of settlers who can stay

Turkish Cypriots have handed to the United Nations a long list of names of settlers from mainland Turkey who would be allowed to stay in Cyprus in the event of the island's reunification, officials said on Monday.
Published 13 Apr, 2004 12:00am
21 killed in Lucknow stampede

21 killed in Lucknow stampede

At least 21 people were killed Monday in a stampede for free clothes during a function organised to mark a local politician's birthday in this northern Indian city, an official said.
Published 13 Apr, 2004 12:00am
APNS to file petitions in High Courts

APNS to file petitions in High Courts

The Wage Board Committee of All Pakistan Newspapers Society met in Karachi on April 12, 2004, under APNS President Arif Nizami and decided to avail and file Constitutional Petitions before the respective High Courts of the provinces to seek legal remedy t
Published 13 Apr, 2004 12:00am
Suppliers in high gear for Asia nuclear power

Suppliers in high gear for Asia nuclear power

From India to China, energy-deficient Asia is spending billions of dollars to build nuclear power plants, sparking fierce competition among global equipment makers for the bonanza.
Published 13 Apr, 2004 12:00am
Cheap popularity

Cheap popularity

The Chief Minister NWFP was shown doling out text books to primary school students in the CM house on PTV News on April 8.
Published 13 Apr, 2004 12:00am
9th SAF Games

9th SAF Games

The 9th South Asian Federation (SAF) Games concluded in Islamabad. The opening and closing colourful ceremonies impressed everyone. The crowd and the fans watching TV will always remember these pleasant moments.
Published 13 Apr, 2004 12:00am
Rwandan genocide survivors share horror memory

Rwandan genocide survivors share horror memory

Scarred survivors of the Rwandan genocide met with a group of Jewish Holocaust survivors in Paris this week, to draw support from one another and discuss ways to prevent history from repeating itself.
Published 13 Apr, 2004 12:00am
Partly Facetious

Partly Facetious

The difference between promises "Minister for Law, Justice and Human Rights Raza Hayat Harraj..."
Published 13 Apr, 2004 12:00am
Telecom deregulation and provision of short access codes

Telecom deregulation and provision of short access codes

At the moment, telecommunication is the most vibrant and flourishing sector of our national economy. With the introduction of innovative technologies, the telecom sector is expanding at such a rapid pace that it cannot be matched by any other industry.
Published 13 Apr, 2004 12:00am
Internal audit: an untapped resource

Internal audit: an untapped resource

Unfortunately, internal audit was under-estimated and neglected in the past. The entrepreneurs could not realise the potential and organisational values of an internal audit, to the organisation. As a result, they suffered a lot tangibly and intangibly.
Published 13 Apr, 2004 12:00am
NSC Bill

NSC Bill

The National Security Council (NSC) Bill being railroaded, first through the National Assembly without much pretence of debate or discussion, and now likely to be dealt with the same way in the Senate, has been manoeuvred in a manner that disrespects Parl
Published 13 Apr, 2004 12:00am
NFC: Musharraf's options

NFC: Musharraf's options

The March 31 deadline having come and gone without yielding any breakthrough in the deadlock on the new National Finance Commission (NFC) Award, President General Pervez Musharraf has felt constrained to intervene and use his authority to bring about a se
Published 13 Apr, 2004 12:00am
Lara breaks world Test record as West Indies forge on

Lara breaks world Test record as West Indies forge on

West Indies captain Brian Lara set a world record for the highest individual Test score on Monday, passing Matthew Hayden's 380 on the third day of the fourth and final Test against England.
Published 13 Apr, 2004 12:00am
Reverse-swinging Waqar calls it a day

Reverse-swinging Waqar calls it a day

Some called him the 'King of Reverse Swing' and some the 'Duke of Yorker', but former Pakistan captain Waqar Younis would like to be remembered simply as an honest trier.
Published 13 Apr, 2004 12:00am
Green-top pitch spices up India-Pakistan decider

Green-top pitch spices up India-Pakistan decider

India and Pakistan clash in the third and decisive Test match here from Tuesday on a green-top wicket that promises an explosive slugfest between the arch-rivals.
Published 13 Apr, 2004 12:00am
Retrial of FIA deputy director ordered

Retrial of FIA deputy director ordered

An Appellate bench for Accountability Courts at Karachi comprising Justice Ghulam Nabi Soomro and Justice Mohammad Afzal Soomro on Monday set aside conviction and sentence awarded to Chaudhry Sharif, former Deputy Director FIA, Immigration, Karachi airpor
Published 13 Apr, 2004 12:00am
Geological congress opens on April 14

Geological congress opens on April 14

Federal Petroleum and Natural Resources Minister Nouraiz Shakoor Khan will inaugurate fifth Pakistan geological congress on April 14.
Published 13 Apr, 2004 12:00am
90 percent rural water schemes lack holistic approach: minister

90 percent rural water schemes lack holistic approach: minister

As many as 90 percent water supply schemes in rural areas were not based on holistic approach which had affected the water quality over the years, said Punjab Minister for Local Government Law and Parliamentary Affairs, Mohammed Basharat Raja on Monday.
Published 13 Apr, 2004 12:00am
5th Century hand-made painting discovered near Taxila

5th Century hand-made painting discovered near Taxila

For the first time in the archaeological history of Pakistan, a hand-made painting on stucco plaster, dated back to 3rd century AD to 5th century AD, was recovered from the ruins of a monastery and stupa locally called Jinna Wali Dehri in Taxila valley ci
Published 13 Apr, 2004 12:00am
Test for PTCL posts on April 18

Test for PTCL posts on April 18

Pakistan Telecommunication Company Ltd (PTCL) has announced written test date for the posts of Assistant Divisional Engineers (ADEs) and Engineering Supervisors (ESs).
Published 13 Apr, 2004 12:00am
Notice served to PIDC General Manager

Notice served to PIDC General Manager

The Ministry of Industries and Production has served notices to Pakistan Industrial Development Corporation (PIDC) General Manager (GM), Muhammad Aslam Chandio to not interfere into the affairs of State Cement Corporation of Pakistan (SCCP).
Published 13 Apr, 2004 12:00am
Wilbur calls on Punjab University vice chancellor

Wilbur calls on Punjab University vice chancellor

Colburn S. Wilbur, Member, the Board of Trustees of the Population Council and former president of the David and Lucile Packard Foundation, called on Punjab University Vice Chancellor Arshad Mahmood on Monday.
Published 13 Apr, 2004 12:00am
17 vice chancellors to visit Saudi Arabia from April 23

17 vice chancellors to visit Saudi Arabia from April 23

For the first time in the history of the country, a high-level educational delegation comprising 17 vice chancellors of various universities of Pakistan will visit Kingdom of Saudi Arabia (KSA) from April 23 to May 1.
Published 13 Apr, 2004 12:00am
Jordanian armed forces team visits POF

Jordanian armed forces team visits POF

A six-member defence delegation of Jordanian armed forces led by Major General Ahmed Salameh Alsouf, Assistant Chief of Staff for Planning, currently on an official visit to Pakistan, visited Pakistan Ordnance Factory, (POF) Wah and called on Chairman POF
Published 13 Apr, 2004 12:00am
US needs to raise share in Pakistani market: LCCI

US needs to raise share in Pakistani market: LCCI

LCCI President Mian Anjum Nisar has said that the US is a major trade partner of Pakistan, but the latter's share in Pakistani market, which is 0.2 percent, is too meagre which needs to be raised.
Published 13 Apr, 2004 12:00am
ADB team to review Punjab projects

ADB team to review Punjab projects

The Asian Development Bank is holding review of its projects with Punjab government on Monday and Tuesday. ADB country director, M. All Shah, is leading the bank delegation.
Published 13 Apr, 2004 12:00am
Corrigendum

Corrigendum

The United Bank Limited was assigned 'A' rating by JCR-VIS credit rating agency and not by Pakistan Credit Rating Agency (Pacra), as was erroneously printed in a story "UBL plans Rs 2.5 billion TFC issue," in Business Recorder on April 9.
Published 13 Apr, 2004 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) adjourned the proceedings to April 17 in an election petition against Punjab Assembly Speaker Afzal Sahi as he obtained stay from a division bench of the august court.
Published 13 Apr, 2004 12:00am
MTBA office-bearers

MTBA office-bearers

Multan Tax Bar Association (MTBA) has elected its new office-bearers for the year 2004-2005.
Published 13 Apr, 2004 12:00am
Increase in LCCI membership lauded

Increase in LCCI membership lauded

Pakistan Industrial & Traders Association Front (Piaf) while appreciating the record increase in membership of the Lahore Chamber of Commerce & Industry (LCCI) described it as a result of best planning, co-ordinated efforts and team-work.
Published 13 Apr, 2004 12:00am
Lahore (Eastern Region) collects Rs 12,935 billion revenue

Lahore (Eastern Region) collects Rs 12,935 billion revenue

The Eastern Region has collected Rs 12,935 million revenue in nine months of the current financial year, as compared to Rs 11,810 million in the corresponding period last year, registering an increase of 9.5 percent.
Published 13 Apr, 2004 12:00am
Education exhibition from April 13

Education exhibition from April 13

The World Learning Bureau (WLB) is organising the 14th Pakistan International Education Exhibition (PIEE) in collaboration with the British Council and Higher Education Commission on Tuesday and Wednesday.
Published 13 Apr, 2004 12:00am
Islamic banking is the most progressive system

Islamic banking is the most progressive system

Muhammad Shoaib Qureshi, Senior Executive Vice-President of Muslim Commercial Bank and head of operations in Islamic Banking, MCB, said here on Monday that Islamic banking "is the most progressive banking system" with a progress of 15 to 20 percent annual
Published 13 Apr, 2004 12:00am
Sindh governor for efforts to produce skilled manpower

Sindh governor for efforts to produce skilled manpower

Sindh Governor, Dr Ishratul Ibad Khan has said that concerted efforts to produce skilled and trained manpower equipped with sound character are imperative to brought the country on the road of plenty and prosperity.
Published 13 Apr, 2004 12:00am
Anti-polio campaign from April 20

Anti-polio campaign from April 20

District Nazim Raja Tariq Mehboob Kiani has said that during the three day anti-polio campaign to be started from April 20, he will remain in the field to supervise the drive and make it a success.
Published 13 Apr, 2004 12:00am
Easy and soft loans to fish farmers planned

Easy and soft loans to fish farmers planned

Punjab government is planning to provide easy and soft loans to the fish farmers in order to boost the fisheries industry in the province and eradicate the unemployment, said Jam Muhammad Hashim, Provincial Minister for Fisheries here on Monday.
Published 13 Apr, 2004 12:00am
Benefits of foreign exchange reserves not understood by many: Dr Ishrat

Benefits of foreign exchange reserves not understood by many: Dr Ishrat

Benefits of foreign exchange reserves are many but some economists are unable to realise the situation and calculate the positive aspects of this highly valuable contribution, said Governor State Bank, Dr Ishrat Husain on Monday while addressing members o
Published 13 Apr, 2004 12:00am
SMEs financing: SBP governor stresses change of mindset

SMEs financing: SBP governor stresses change of mindset

The Governor, State Bank of Pakistan (SBP), Dr Ishrat Husain, on Monday underlined the pre-requisites for the success of Small and Medium Enterprises (SMEs) financing with special emphasis on change of mindset of the bankers.
Published 13 Apr, 2004 12:00am
38 tax officials get 100 percent raise

38 tax officials get 100 percent raise

Following approval by President Pervez Musharraf, the Central Board of Revenue (CBR) has given 100 percent increase in the basic salary of 38 officials working on specialised positions as part of ongoing reform process.
Published 13 Apr, 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 13 Apr, 2004 12:00am
RCA helpful in peaceful application of nuclear energy: Kasuri

RCA helpful in peaceful application of nuclear energy: Kasuri

Khurshid Mehmood Kasuri, Minister for Foreign Affairs has said that Pakistan has gained substantially from the activities of RCA (Regional Co-operation Agreement) in the peaceful application of nuclear technology in areas of agriculture, health, industry,
Published 13 Apr, 2004 12:00am
Basic amenities to remote areas assured

Basic amenities to remote areas assured

Speaker National Assembly Chaudhry Amir Hussain has that government was endeavouring to bring about revolutionary changes in every sphere of life in the country.
Published 13 Apr, 2004 12:00am
UHS playing key role in imparting quality education

UHS playing key role in imparting quality education

Emphasising on quality medical education, Punjab Governor Khalid Maqbool on Monday said that the University of Health Sciences (UHS) was playing a pivotal role to achieve the objectives.
Published 13 Apr, 2004 12:00am
Women education vital to progress, says Punjab governor

Women education vital to progress, says Punjab governor

Governor Punjab Lieutenant General Khalid Maqbool (Retd) has said that as no country can claim real progress without educating its people, men and women alike, the present government is committed to developing its human resources through an effective educ
Published 13 Apr, 2004 12:00am
Trade better way to normalise Indo-Pak relations: Menon

Trade better way to normalise Indo-Pak relations: Menon

Indian High Commissioner in Islamabad, Shiv Shankar Menon has said that trade is better way for normalisation of relations between India and Pakistan in the prevailing situation of the region.
Published 13 Apr, 2004 12:00am
Four die, eight injured in building collapse

Four die, eight injured in building collapse

Four persons lost their lives and eight others were injured when a three-storey residential building collapsed in area 36-B, Landhi, here on Sunday night, police sources said on Monday.
Published 13 Apr, 2004 12:00am
Kashmiris have rejected polls drama with contempt

Kashmiris have rejected polls drama with contempt

The Amir of Jamaat-i-Islami, Azad Jammu and Kashmir, Sardar Ejaz Afzal Khan, has said that the people of occupied Kashmir have rejected the Indian polls drama with contempt.
Published 13 Apr, 2004 12:00am
Standardisation to ensure production of pure cotton

Standardisation to ensure production of pure cotton

Implementation of the cotton standardisation and grading system at the grass-roots level is vital for the promotion of contamination-free and clean cotton production in the country.
Published 13 Apr, 2004 12:00am
WCCI launches Multan chapter

WCCI launches Multan chapter

Women Chamber of Commerce and Industry (WCCI) has launched its fourth chapter at Multan after Lahore, Karachi and Islamabad.
Published 13 Apr, 2004 12:00am
Move to appoint textile ministers hailed

Move to appoint textile ministers hailed

All Pakistan Textile Mills Association (Aptma) has welcomed the government decision to induct textile ministers in federal and Punjab cabinets to take care of this important sector of the economy.
Published 13 Apr, 2004 12:00am
Former deputy commissioner and brother get bail

Former deputy commissioner and brother get bail

Justice Ghulam Nabi Soomro of Sindh High Court admitted two applicants former Deputy Commissioner Arif Illahi and his brother Sohail Illahi to bail against a solvent surety of Rs 50,000 each.
Published 13 Apr, 2004 12:00am
Conviction of Hashmi criticised

Conviction of Hashmi criticised

Pakistan Muslim League (PML-N), and Pakistan People's Party and Pakistan Democratic Party have strongly reacted to the punishment awarded to Makhdoom Javed Hashmi Acting President of PML-N and ARD by a court in a sedition case describing it as unfair and
Published 13 Apr, 2004 12:00am
The Weather

The Weather

The weather report on Monday (April 12) and the forecast for Tuesday (April 13, 2004).
Published 13 Apr, 2004 12:00am
Complicated procedure affecting exports to Afghanistan

Complicated procedure affecting exports to Afghanistan

The lengthy and complicated export procedure to Afghanistan was badly affecting Pakistani export to the neighbouring country, sources in business community told Business Recorder on Monday.
Published 13 Apr, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (April 12, 2004)
Published 13 Apr, 2004 12:00am
Evenings with Faraz and Tina Sani

Evenings with Faraz and Tina Sani

Pearl Continental hotels will be celebrating evenings with renowned poet Ahmed Faraz and vocalist Tina Sani at Rawalpindi, Lahore and Karachi on April 20, 21 and 29 respectively.
Published 13 Apr, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 12, 2004).
Published 13 Apr, 2004 12:00am
CAA swaps expensive loan with banks syndicate

CAA swaps expensive loan with banks syndicate

Pakistan Civil Aviation Authority (CAA) has swapped its expensive foreign commercial loans with local rupee loan of Rs 4 billion with a syndicate of United Bank Limited and Muslim Commercial Bank Limited, resulting in considerable reduction in mark-up rat
Published 13 Apr, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 12, 2004).
Published 13 Apr, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 12, 2004).
Published 13 Apr, 2004 12:00am
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