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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-05-17
Iran inaugurates Gulf oil field developed by Total

Iran inaugurates Gulf oil field developed by Total

Iran's Vice President Mohammad Ali Aref on Sunday officially inaugurated the Balal offshore oil field developed by French major Total together with BowValley of Canada and Italy's Agip.
Published 17 May, 2004 12:00am
Jordan and Singapore sign free trade pact

Jordan and Singapore sign free trade pact

Jordan and Singapore signed a free trade agreement and a bilateral investment treaty Sunday on the sidelines of the World Economic Forum here, a report said.
Published 17 May, 2004 12:00am
Iraq sets up investor-friendly national oil firm

Iraq sets up investor-friendly national oil firm

Iraq will recreate a national oil company to run the sector before the United States hands power to a new Iraqi government on June 30, Oil Minister Ibrahim Bahr Uloum said on Sunday.
Published 17 May, 2004 12:00am
Euro zone data to show German confidence easing

Euro zone data to show German confidence easing

Eurozone indicators to be released this week may show a further softening in German economic confidence despite recent better than expected growth data, economists said.
Published 17 May, 2004 12:00am
Matsushita to build world's biggest PDP plant

Matsushita to build world's biggest PDP plant

Japanese firms Matsushita Electric Industrial Co and Toray Industries Inc will invest a combined 90 billion yen ($785.9 million) to build the world's biggest plasma display panel (PDP) factory, a newspaper said on Sunday.
Published 17 May, 2004 12:00am
US stocks set to steady after torrid week

US stocks set to steady after torrid week

US stocks look set for a bit of calm this week, after a string of torrid trading sessions, as investors mark time before key production and jobs data.
Published 17 May, 2004 12:00am
UK gilts to focus on BoE minutes and politics

UK gilts to focus on BoE minutes and politics

British government bonds are expected to remain on the defensive this week as key economic data and minutes to the Bank of England latest interest rate meeting are likely to point to higher rates in coming months.
Published 17 May, 2004 12:00am
UK gilts to focus on BoE minutes and politics

UK gilts to focus on BoE minutes and politics

British government bonds are expected to remain on the defensive this week as key economic data and minutes to the Bank of England latest interest rate meeting are likely to point to higher rates in coming months.
Published 17 May, 2004 12:00am
European equity investors face accounting headaches

European equity investors face accounting headaches

Imagine that all the company accounts in Europe are put into a giant hat and shaken until the numbers are mixed up enough to alter the fundamental assumptions underpinning every share valuation.
Published 17 May, 2004 12:00am
UK earnings parade set to continue

UK earnings parade set to continue

The parade of results from the UK's top companies continues next week as airline British Airways and telecoms group mmO2 report their latest earnings, along with a dozen other blue chip stocks.
Published 17 May, 2004 12:00am
Euro looking weak against other key European currencies

Euro looking weak against other key European currencies

Cyclical factors fuelling the dollar's recent recovery also bode well for some major European currencies, helping keep the Swiss franc, Norwegian crown and Swedish crown near multi-month highs against the euro.
Published 17 May, 2004 12:00am
Tokyo stocks may fall again; GDP could alter mood

Tokyo stocks may fall again; GDP could alter mood

Japanese shares will be under pressure this week after hitting an 11-week low as jitters persist over US interest rates and high oil prices, but Japanese GDP data could reverse sentiment, analysts said.
Published 17 May, 2004 12:00am
Indian shares seen falling further on politics

Indian shares seen falling further on politics

Hard-hit Indian stocks are headed for more losses this week on fears economic reforms and foreign investment could suffer under the new government, sentiment which led the market to lose more than a tenth in value last week.
Published 17 May, 2004 12:00am
Taiwan stocks seen weaker

Taiwan stocks seen weaker

Taiwan stocks, which closed at five-month lows on Friday, are expected to weaken again this week under pressure from domestic political worries and fears of continued heavy selling by foreign investors.
Published 17 May, 2004 12:00am
Cairo bourse falls while foreign investors away

Cairo bourse falls while foreign investors away

Egyptian shares ended down on Sunday with big-cap stocks suffering in the absence of foreign investors but Orascom Telecom (OT) bucked the trend on hopes of strong upcoming results, traders said.
Published 17 May, 2004 12:00am
Egypt interbank rate down

Egypt interbank rate down

The median overnight interbank rate on Egypt's pound fell to 6-1/4 percent on Sunday from seven percent on Thursday as banks remained cautious of a six-month central bank reverse repo auction, bankers said.
Published 17 May, 2004 12:00am
Pharmaceuticals: GlaxoSmithKline Pakistan Limited - Year Ended 31-12-03

Pharmaceuticals: GlaxoSmithKline Pakistan Limited - Year Ended 31-12-03

GlaxoSmithKline did very well in 2003, with sales jumping 35% over 2002 to over Rs 8 billion and earning per share on the enhanced capital of Rs 728 millions to Rs 14.09 per share compared to Rs 10.73 in 2002 on the paid up capital of Rs 506 millions.
Published 17 May, 2004 12:00am
Pharmaceuticals: GlaxoSmithKline Pakistan Limited - Year Ended 31-12-03

Pharmaceuticals: GlaxoSmithKline Pakistan Limited - Year Ended 31-12-03

GlaxoSmithKline did very well in 2003, with sales jumping 35% over 2002 to over Rs 8 billion and earning per share on the enhanced capital of Rs 728 millions to Rs 14.09 per share compared to Rs 10.73 in 2002 on the paid up capital of Rs 506 millions.
Published 17 May, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 04 to 08, 2004).
Published 17 May, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (May 16) and the forecast for Monday (May 17, 2004).
Published 17 May, 2004 12:00am
Gulf leaders close ranks to defeat terror

Gulf leaders close ranks to defeat terror

Leaders of the Gulf oil monarchies vowed on Sunday to close ranks to defeat terror at the end of a one-day summit here overshadowed by a spate of attacks in the host country.
Published 17 May, 2004 12:00am
Gulf leaders close ranks to defeat terror

Gulf leaders close ranks to defeat terror

Leaders of the Gulf oil monarchies vowed on Sunday to close ranks to defeat terror at the end of a one-day summit here overshadowed by a spate of attacks in the host country.
Published 17 May, 2004 12:00am
Decks cleared for Sonia to become Indian prime minister

Decks cleared for Sonia to become Indian prime minister

The decks were cleared on Sunday for Italian-born Congress leader Sonia Gandhi to become the next Indian prime minister after leaders of all 19 allied parties unanimously endorsed her as their candidate.
Published 17 May, 2004 12:00am
Decks cleared for Sonia to become Indian prime minister

Decks cleared for Sonia to become Indian prime minister

The decks were cleared on Sunday for Italian-born Congress leader Sonia Gandhi to become the next Indian prime minister after leaders of all 19 allied parties unanimously endorsed her as their candidate.
Published 17 May, 2004 12:00am
Uma Bharti vows to 'go to any length' to oppose Sonia

Uma Bharti vows to 'go to any length' to oppose Sonia

A right-wing firebrand on Sunday vowed to do anything in her power to stop Italian-born Sonia Gandhi from becoming India's prime minister after the shock defeat of the ruling Hindu nationalists.
Published 17 May, 2004 12:00am
Three Iraqis killed in Baghdad

Three Iraqis killed in Baghdad

Three Iraqis were shot dead and two others wounded when their vehicle came under a hail of gunfire in southern Baghdad, the US military said on Sunday.
Published 17 May, 2004 12:00am
Three Iraqis killed in Baghdad

Three Iraqis killed in Baghdad

Three Iraqis were shot dead and two others wounded when their vehicle came under a hail of gunfire in southern Baghdad, the US military said on Sunday.
Published 17 May, 2004 12:00am
'Congress committed to furthering peace with Pakistan'

'Congress committed to furthering peace with Pakistan'

Asserting that the Congress is committed to taking the peace process with Pakistan forward, senior Congress leader Natwar Singh said, "we are willing to discuss everything from nuclear issue to Kashmir."
Published 17 May, 2004 12:00am
'Congress committed to furthering peace with Pakistan'

'Congress committed to furthering peace with Pakistan'

Asserting that the Congress is committed to taking the peace process with Pakistan forward, senior Congress leader Natwar Singh said, "we are willing to discuss everything from nuclear issue to Kashmir."
Published 17 May, 2004 12:00am
Eight percent growth in 3 years aimed at: Shaukat

Eight percent growth in 3 years aimed at: Shaukat

Finance Minister Shaukat Aziz on Sunday promised a pro-reform budget aimed at catapulting economic growth to an unprecedented pace of 8 percent within three years.
Published 17 May, 2004 12:00am
Eight percent growth in 3 years aimed at: Shaukat

Eight percent growth in 3 years aimed at: Shaukat

Finance Minister Shaukat Aziz on Sunday promised a pro-reform budget aimed at catapulting economic growth to an unprecedented pace of 8 percent within three years.
Published 17 May, 2004 12:00am
ADB assures support for Pakistan's economic uplift efforts

ADB assures support for Pakistan's economic uplift efforts

The Asian Development Bank (ADB) will continue to support Pakistan's efforts to accelerate its pace of economic development, ADB President Tadao Chino said during a meeting with Finance Minister Shaukat Aziz who met him during the annual meetings of the B
Published 17 May, 2004 12:00am
ADB assures support for Pakistan's economic uplift efforts

ADB assures support for Pakistan's economic uplift efforts

The Asian Development Bank (ADB) will continue to support Pakistan's efforts to accelerate its pace of economic development, ADB President Tadao Chino said during a meeting with Finance Minister Shaukat Aziz who met him during the annual meetings of the B
Published 17 May, 2004 12:00am
Karachi law and order situation erodes share values

Karachi law and order situation erodes share values

The share prices last week ending on May 15, 2004, moved down because of depressed city situation following bomb blast last week and killings of workers of the religious party during by-elections, forcing investors to leave the arena in panic.
Published 17 May, 2004 12:00am
Karachi law and order situation erodes share values

Karachi law and order situation erodes share values

The share prices last week ending on May 15, 2004, moved down because of depressed city situation following bomb blast last week and killings of workers of the religious party during by-elections, forcing investors to leave the arena in panic.
Published 17 May, 2004 12:00am
Badla rates move down

Badla rates move down

The carryover charges or badla rates last week moved down to 8.21 percent from 8.60 percent after several investors sold their holdings because of volatile conditions prevailing at the local bourses.
Published 17 May, 2004 12:00am
Badla rates move down

Badla rates move down

The carryover charges or badla rates last week moved down to 8.21 percent from 8.60 percent after several investors sold their holdings because of volatile conditions prevailing at the local bourses.
Published 17 May, 2004 12:00am
Banks record strong growth

Banks record strong growth

Banking sector profitability recorded strong growth on the back of volume-based growth despite reduction in spreads due to declining interest rates.
Published 17 May, 2004 12:00am
Banks record strong growth

Banks record strong growth

Banking sector profitability recorded strong growth on the back of volume-based growth despite reduction in spreads due to declining interest rates.
Published 17 May, 2004 12:00am
PIBs worth Rs 30 billion to be auctioned by June

PIBs worth Rs 30 billion to be auctioned by June

The federal government has asked the State Bank of Pakistan (SBP) to auction Pakistan Investment Bonds (PIBs) of 15 and 20 years tenors worth Rs 30 billion within the current financial year, it is reliably learnt.
Published 17 May, 2004 12:00am
PIBs worth Rs 30 billion to be auctioned by June

PIBs worth Rs 30 billion to be auctioned by June

The federal government has asked the State Bank of Pakistan (SBP) to auction Pakistan Investment Bonds (PIBs) of 15 and 20 years tenors worth Rs 30 billion within the current financial year, it is reliably learnt.
Published 17 May, 2004 12:00am
PIBs worth Rs 30 billion to be auctioned by June

PIBs worth Rs 30 billion to be auctioned by June

The federal government has asked the State Bank of Pakistan (SBP) to auction Pakistan Investment Bonds (PIBs) of 15 and 20 years tenors worth Rs 30 billion within the current financial year, it is reliably learnt.
Published 17 May, 2004 12:00am
Europe jet prices fly high amid aviation recovery

Europe jet prices fly high amid aviation recovery

European jet fuel prices, which hit 13-year highs last week, are being bolstered by a fast recovering world aviation sector and lack of jet flows from the Middle East to Europe at a time of reduced supply due to refinery shutdowns in both regions, traders
Published 17 May, 2004 12:00am
Sri Lanka to sue ICC over Muralitharan's 'Doosra' ban

Sri Lanka to sue ICC over Muralitharan's 'Doosra' ban

Sri Lankan Prime Minister Mahindra Rajapakse is all set to sue the International Cricket Council (ICC) over its decision to outlaw spin wizard Muttiah Muralitharan's controversial "Doosra" delivery.
Published 17 May, 2004 12:00am
Oil, rate fears hurt stocks but rout not expected

Oil, rate fears hurt stocks but rout not expected

High oil prices and the prospect of rising US interest rates are battering European stocks as investors worried economic growth will suffer but analysts said stocks were relatively well positioned to weather the threat.
Published 17 May, 2004 12:00am
JCR-VIS explains mutual funds rating system

JCR-VIS explains mutual funds rating system

JCR-VIS has adopted the practice of assigning two ratings for a mutual fund, namely, the management quality rating and the fund performance rating.
Published 17 May, 2004 12:00am
JCR-VIS explains mutual funds rating system

JCR-VIS explains mutual funds rating system

JCR-VIS has adopted the practice of assigning two ratings for a mutual fund, namely, the management quality rating and the fund performance rating.
Published 17 May, 2004 12:00am
JCR-VIS explains mutual funds rating system

JCR-VIS explains mutual funds rating system

JCR-VIS has adopted the practice of assigning two ratings for a mutual fund, namely, the management quality rating and the fund performance rating.
Published 17 May, 2004 12:00am
Freight train, bus collide in Ukraine, 15 killed

Freight train, bus collide in Ukraine, 15 killed

A freight train slammed into a bus at a level crossing in south-western Ukraine on Sunday, killing 15 people and injuring 29 others, the ex-Soviet state's Emergencies Ministry said.
Published 17 May, 2004 12:00am
Students stone UK embassy in Tehran

Students stone UK embassy in Tehran

Several hundred Islamic students threw rocks at the British embassy in Tehran and tried to storm the building in a protest Sunday over the US-led occupation of Iraq, but were turned back by riot police, an AFP correspondent said.
Published 17 May, 2004 12:00am
Alfalah directors to offload 40 million shares for IPO

Alfalah directors to offload 40 million shares for IPO

The UAE-based directors of the banking giant Bank Alfalah Limited (BAFL) are offloading their 40 million shareholdings at a premium price of Rs 30 per share as against the par value of Rs 10 per share.
Published 17 May, 2004 12:00am
Alfalah directors to offload 40 million shares for IPO

Alfalah directors to offload 40 million shares for IPO

The UAE-based directors of the banking giant Bank Alfalah Limited (BAFL) are offloading their 40 million shareholdings at a premium price of Rs 30 per share as against the par value of Rs 10 per share.
Published 17 May, 2004 12:00am
Alfalah directors to offload 40 million shares for IPO

Alfalah directors to offload 40 million shares for IPO

The UAE-based directors of the banking giant Bank Alfalah Limited (BAFL) are offloading their 40 million shareholdings at a premium price of Rs 30 per share as against the par value of Rs 10 per share.
Published 17 May, 2004 12:00am
Two trains derail in Italy, 30 injured

Two trains derail in Italy, 30 injured

Some 30 people were injured as two trains derailed Sunday in northern Italy between Genoa and Milan, fire-fighters told Italian television.
Published 17 May, 2004 12:00am
Qazi escapes unhurt as Kashmir moot stage collapses

Qazi escapes unhurt as Kashmir moot stage collapses

Muttahida Majlis-i-Amal (MMA) Acting President Qazi Hussain Ahmed escaped unhurt when the stage of Integrity Kashmir Conference collapsed here on Sunday. The incident created panic in the conference.
Published 17 May, 2004 12:00am
Patriots urge Musharraf to stay in uniform

Patriots urge Musharraf to stay in uniform

Pakistan People Party Patriots (PPPP) has urged President General Pervez Musharraf to stay in uniform as the national interests, Geo-Strategic and international situation demand to continue the status quo.
Published 17 May, 2004 12:00am
PPPP to boycott parliamentary water body meeting

PPPP to boycott parliamentary water body meeting

Leader of the opposition in Sindh Assembly, Nisar Khoro has termed the parliamentary water committee as illegal and said that PPPP would not be a part of any dialogue on water issue if discussed in the committee.
Published 17 May, 2004 12:00am
'Pakistan non-Nato US ally against Muslim world'

'Pakistan non-Nato US ally against Muslim world'

The Amir of Jamaat-i-Islami, Qazi Hussain Ahmed, on Sunday said here that the United States has given Pakistan the status of non-Nato ally to use it against the Muslim world.
Published 17 May, 2004 12:00am
Majlis-i-Amal workers forced to leave Lines Area

Majlis-i-Amal workers forced to leave Lines Area

An attempt by some workers of Muttahida Majlis-i-Amal (MMA) on Saturday night to create a law and order situation in Lines Area was foiled by the residents of the locality.
Published 17 May, 2004 12:00am
Pakistan efforts to streamline export control regime lauded

Pakistan efforts to streamline export control regime lauded

US Under-secretary of Commerce Kenneth I. Juster on Sunday lauded Pakistan's efforts to streamline and strengthen its export control regime, and welcomed approval of the new export control legislation by the Cabinet.
Published 17 May, 2004 12:00am
Rs 300 million being spent on government servants' houses

Rs 300 million being spent on government servants' houses

Provincial Minister for Communications and Works Chaudhry Zaheeruddin has said that the government is spending Rs 300 million on the construction and repair of residential houses of government employees during the current fiscal year.
Published 17 May, 2004 12:00am
Six killed and 15 hurt in bus-trolley collision

Six killed and 15 hurt in bus-trolley collision

As many as six passengers were killed and 15 injured seriously when Sialkot-Shakargarh-Narowal bound overloaded and over-speeding passenger bus fell into the road side ravine after colliding with an overloaded trolley near Kakey Key More on Shakargarh - N
Published 17 May, 2004 12:00am
Plan to fight against tannery pollution launched

Plan to fight against tannery pollution launched

A multi-dimensional programme has been initiated aimed at fighting against threats of pollution caused by the establishment of ill-planned tanneries in and around Sialkot.
Published 17 May, 2004 12:00am
Government urged to check smuggling, under-invoicing

Government urged to check smuggling, under-invoicing

President Lahore Chamber of Commerce and Industry (LCCI), Mian Anjum Nisar has said that government should take immediate measures to check the twin menace of smuggling and under-invoicing to save the domestic industry from problems.
Published 17 May, 2004 12:00am
Heat wave kills four

Heat wave kills four

Scorching heat and high temperature in Sahiwal claimed lives of four persons during past twenty four hours.
Published 17 May, 2004 12:00am
Minimum wage at Rs 6,000 demanded

Minimum wage at Rs 6,000 demanded

The Pakistan Workers Confederation (PWC) has urged the government to raise the wages of the workers commensurate with high cost of living alike members of National Assembly and Federal Ministers in the next Federal Budget.
Published 17 May, 2004 12:00am
Cameroon trade team extends stay

Cameroon trade team extends stay

A trade delegation from Cameroon currently visiting Pakistan has extended its stay for another one week for signing more Memorandum of Understanding with Pakistan counterparts for import of fabrics.
Published 17 May, 2004 12:00am
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