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Jan 21, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-05-31
Asian currencies firm as US dollar slides

Asian currencies firm as US dollar slides

Asian currencies firmed against the dollar over the past week, led by the yen, but dealers were watching for the outcome of next week's Opec meeting and the release of US unemployment figures.
Published 31 May, 2004 12:00am
South African stocks: bank gains possible

South African stocks: bank gains possible

Banking stocks like Absa could benefit if the rand holds strong this week, dealers and analysts said on Friday, noting the broad market could take direction from economic data after a choppy month for equities.
Published 31 May, 2004 12:00am
Opec, US jobs data key to Eurostocks

Opec, US jobs data key to Eurostocks

A meeting of oil cartel Opec and US jobs data will take centre stage this week, with budget airline Ryanair and UK telecoms firm Cable & Wireless heading a dwindling quarterly earnings schedule.
Published 31 May, 2004 12:00am
FTSE-100 seen steady, eyes on M&S and oil

FTSE-100 seen steady, eyes on M&S and oil

Britain's FTSE-100 will hold current levels this week and while a possible bid for Marks & Spencer will continue to a big focus, the benchmark index will take cues from Opec's ruling on oil supply, dealers said.
Published 31 May, 2004 12:00am
French biotech firm IDM to detail IPO plan

French biotech firm IDM to detail IPO plan

French biotechnology company Immuno-Designed Molecules detail plans this week to float its shares via an initial public offer, the company said on Wednesday, joining a string of companies seeking to list.
Published 31 May, 2004 12:00am
French biotech firm IDM to detail IPO plan

French biotech firm IDM to detail IPO plan

French biotechnology company Immuno-Designed Molecules detail plans this week to float its shares via an initial public offer, the company said on Wednesday, joining a string of companies seeking to list.
Published 31 May, 2004 12:00am
UK pensions' bond exposure to rise despite Boots

UK pensions' bond exposure to rise despite Boots

Britain's pension funds are likely to shift further into bonds despite retail chain Boots rowing back from its controversial decision to hold all its pension assets in fixed income, analysts said.
Published 31 May, 2004 12:00am
UK pensions' bond exposure to rise despite Boots

UK pensions' bond exposure to rise despite Boots

Britain's pension funds are likely to shift further into bonds despite retail chain Boots rowing back from its controversial decision to hold all its pension assets in fixed income, analysts said.
Published 31 May, 2004 12:00am
Wall Street week ahead: economic data to call the shots

Wall Street week ahead: economic data to call the shots

Wall Street will be waiting on a batch of key economic data this week. But what's good for the economy may not be good for stocks as investors fret over the potential for a Federal Reserve interest-rate hike.
Published 31 May, 2004 12:00am
Myanmar slams sanctions, blames woes on Britain

Myanmar slams sanctions, blames woes on Britain

Myanmar Sunday blamed its substantial cache of internal problems on Britain and urged its former colonial ruler to stop "further destabilising" the military state with crippling economic sanctions.
Published 31 May, 2004 12:00am
Britain plans charm offensive against Muslims

Britain plans charm offensive against Muslims

Britain's Tony Blair stressed on Sunday the need to keep the Muslim community on side as a leaked document revealed a project to "win the hearts and minds" of Islamic extremists and al Qaeda sympathisers.
Published 31 May, 2004 12:00am
Cheney co-ordinated Halliburton Iraq contract

Cheney co-ordinated Halliburton Iraq contract

A Pentagon email said Vice President Dick Cheney co-ordinated a huge Halliburton government contract for Iraq, Time said Sunday, despite Cheney's denial of interest in the company he ran until 2000.
Published 31 May, 2004 12:00am
Death toll in Haiti floods nears 1,000

Death toll in Haiti floods nears 1,000

The death toll in Haiti has reached 996, with the discovery of 404 bodies in south-eastern Haiti after Caribbean storms a week ago, civil defence told AFP Sunday.
Published 31 May, 2004 12:00am
China developing 'credible military options' to confront Taiwan

China developing 'credible military options' to confront Taiwan

China is developing a variety of "credible military options" to prevent Taiwan from achieving independence, including tools to discourage the United States from coming to the island's aid in a conflict with the mainland, the US Department of Defence warne
Published 31 May, 2004 12:00am
Maoist rebels warn of major attack

Maoist rebels warn of major attack

Maoist rebels fighting to overthrow Nepal's monarchy warned Sunday of a major attack after a rare bombing on a passenger bus in the capital Kathmandu left one dead and 25 injured.
Published 31 May, 2004 12:00am
Fact File: Tobacco and Poverty

Fact File: Tobacco and Poverty

This year, World No Tobacco Day will focus on the theme 'Tobacco and Poverty'. The subject of this day is "Poverty-Causing, Poverty-Sustaining and Exploitative Labour Practices in the Tobacco Industry".
Published 31 May, 2004 12:00am
Message from Regional Director World Health Organisation

Message from Regional Director World Health Organisation

World No Tobacco Day 2004 highlights how tobacco consumption impoverishes individuals, households and countries, diverting resources away from basic necessities and causing disease and premature death.
Published 31 May, 2004 12:00am
Message from Minister for Health

Message from Minister for Health

No one can deny the hazards associated with smoking. The situation in Pakistan is alarming. One estimate shows that around 275 persons die of smoking-related illness each day.
Published 31 May, 2004 12:00am
Sewage treatment plant project may be delayed for another year

Sewage treatment plant project may be delayed for another year

Islamabad may not get a badly-needed sewage treatment plant at least for another one year since Sogea, the French firm and contractor for the project, has failed to meet even extended deadline of May 15, to bring the project on ground.
Published 31 May, 2004 12:00am
It's back to school in Kashmir frontier town

It's back to school in Kashmir frontier town

With the big guns still silent along the Kashmiri front lines six months into a truce between the armies of India and Pakistan, once-traumatised children are slowly returning to normality in this frontier town.
Published 31 May, 2004 12:00am
London play relates Guantanamo detainees' plight

London play relates Guantanamo detainees' plight

London's theatrical world is no stranger to political plays, but a new work opening this week has taken an original approach - telling the story of Britons detained at the US-run Guantanamo Bay jail in their own words.
Published 31 May, 2004 12:00am
Albania at risk of disaster from heightened pollution levels

Albania at risk of disaster from heightened pollution levels

Albania is facing a humanitarian catastrophe due to growing pollution caused by poisonous gases that are 10 times above the tolerance level set by the World Health Organisations (WHO), according to experts in the country.
Published 31 May, 2004 12:00am
Education vision - 2010

Education vision - 2010

Now that the world has become a global village, and technological advancements have taken great strides during last the few decades, no country can think of achieving any sustainable socio-economic development, unless its people are adequately educated.
Published 31 May, 2004 12:00am
Trade unions and global challenges

Trade unions and global challenges

Globalisation refers to the liberal intercourse of widespread economic activity embracing the whole globe, a multidimensional process ultimately vectored towards the overall good of the global layman.
Published 31 May, 2004 12:00am
Budget funds for agriculture

Budget funds for agriculture

It has become a fashion to verbally express the importance of agriculture for bringing the national economy at an even keel in the annual national budget and otherwise. But in practice, very little has always been done to uplift our agriculture.
Published 31 May, 2004 12:00am
Improper accounting in banks

Improper accounting in banks

Attention is drawn to the SHC judgement of 12 May 2004 (suit No B-94 of 2001) in the case of Habib Bank Limited vs. Bela Automotive Industries Limited (BELA). The honourable court has ruled that the bank has repeatedly indulged in the practice of imposing
Published 31 May, 2004 12:00am
The Indian example

The Indian example

When elections in developing countries are held, the West get worried about their fairness or otherwise. It stands to reason that in the West and other advanced countries, the leaders, whether belonging to the government or opposition, feel no harm in bow
Published 31 May, 2004 12:00am
Unemployment, poverty haunts Turkey's south-east

Unemployment, poverty haunts Turkey's south-east

For Esref Uyan, the only hope of earning money to take care of his family lies not in his hometown in Turkey's mainly Kurdish south-east but in agricultural land miles away in the west of the country.
Published 31 May, 2004 12:00am
Whither wheat? A failed policy

Whither wheat? A failed policy

According to a report the government has finally decided to import one million tonnes of wheat. Flip-flop on the part of the government does not reflect well on the quality of decision-making.
Published 31 May, 2004 12:00am
A dark horse

A dark horse

The nomination of Syed Mushahid Hussain as secretary-general of the unified Pakistan Muslim League (PML) has come as a surprise to politicians, analysts, the media and the public alike.
Published 31 May, 2004 12:00am
SBP governor's strategy for economic uplift

SBP governor's strategy for economic uplift

At a pre-budget seminar in Lahore on 26th May on "Has the time come for redistribution of gains in economy?" the Governor of the State Bank spelt out a host of possible measures to accelerate growth and facilitate trickling down of macro-economic improvem
Published 31 May, 2004 12:00am
Power supply suspension

Power supply suspension

Due to preventive maintenance work, Karachi Electric Supply Corporation (KESC) will temporarily suspend the electricity supply in maintenance areas from 9:00 am to 2:00 pm on Monday, May 31.
Published 31 May, 2004 12:00am
Minister calls to accelerate scout movement

Minister calls to accelerate scout movement

Federal Minister for Education and Chief Commissioner Pakistan Boy Scouts Mrs Zobaida Jalal has underscored the need to accelerate the scout movement.
Published 31 May, 2004 12:00am
CDA fails to check encroachments

CDA fails to check encroachments

Capital Development Authority (CDA) so far failed to dislodge moveable and immovable encroachments in various sectors of Islamabad which defaced the capital status.
Published 31 May, 2004 12:00am
Federal budget to be people-friendly, says minister

Federal budget to be people-friendly, says minister

The coming Federal Budget would be people- friendly as there were 12.5 million dollars reserves with the government and many facilities would be provided to the common people and the environment for more foreign as well as local investments.
Published 31 May, 2004 12:00am
FTO asks CBR to refund Rs 1.4 million to trader

FTO asks CBR to refund Rs 1.4 million to trader

Federal Tax Ombudsman former justice Saleem Akhtar has asked the Central Board of Revenue (CBR) to make a refund of over Rs 1.4 million to a trader of Gujrat as refund has to be paid immediately irrespective of the fact whether the assessee has made any c
Published 31 May, 2004 12:00am
Mass marriages ceremony held

Mass marriages ceremony held

A total number of 31 couples belonging to poor strata of society were joined in wedlock in a simple but impressive ceremony at Aiwan-e-Iqbal Lahore, on Sunday.
Published 31 May, 2004 12:00am
Workshop on 'Curriculum Linkages'

Workshop on 'Curriculum Linkages'

Higher Education Commission (HEC) is holding a two-day workshop on "Curriculum Linkages" at Department of Bio-Sciences, University of Balochistan from June 1-2.
Published 31 May, 2004 12:00am
Ban on import of edible oil, seeds demanded

Ban on import of edible oil, seeds demanded

All Pakistan Solvent Extractors Association (APSEA) has expressed concern over the crash of edible oil prices in international markets and demanded temporary suspension of the import of both oilseeds and edible oils to save domestic sunflower growers and
Published 31 May, 2004 12:00am
Rs 1127.931 million proposed for CDA projects in PSDP 2004-05

Rs 1127.931 million proposed for CDA projects in PSDP 2004-05

The Annual Plan Co-ordination Committee (APCC) has proposed Rs 1127.931 million including foreign component of Rs 200 million for various projects of Capital Development Authority (CDA) in the Public Sector Development Programme (PSDP) 2004-05, informed s
Published 31 May, 2004 12:00am
Budgetary steps to support KSE sectors

Budgetary steps to support KSE sectors

The upcoming Budget 2004-05 is likely to bring concrete measures for a few listed sectors, while indirectly impacting some. In a detailed pre-budget report prepared by InvestCap, analysts foresee positive budgetary measures for commercial banks, textile,
Published 31 May, 2004 12:00am
Three constables injured

Three constables injured

Three constables were injured by the firing of drug peddlers at Darbar 'Choop Gain' river bank, Shafiqabad area in the wee hours of Sunday.
Published 31 May, 2004 12:00am
Durrani and Elahi discuss NFC award

Durrani and Elahi discuss NFC award

Chief Minister NWFP Muhammad Akram Khan Durrani who called on Chief Minister Punjab Chaudhry Pervaiz Elahi discussed National Finance Commission Award (NFCA) and collective operations on law and order between two provinces, on Sunday.
Published 31 May, 2004 12:00am
Contract system in farm market body resented

Contract system in farm market body resented

The introduction of contract system in agriculture produce market committee was strongly resented by the agro-base industrialists, traders and businessmen through out the province.
Published 31 May, 2004 12:00am
Sindh may turn into poppy growing areas: SAB

Sindh may turn into poppy growing areas: SAB

The Sindh Abadgar Board (SAB) has expressed apprehensions that the province might turn into poppy growing areas due to continuous decline in agriculture production due to poor availability of water, prolonged dry spell and fast deteriorating law and order
Published 31 May, 2004 12:00am
Commodities move at snails pace

Commodities move at snails pace

Commodities on the wholesale markets moved with snails' pace owing to untoward developments during the week ended May 29. However, variations were noted in sugar, gur, hide and skins, milk powder, raw rubber, yellow peas and dal (gram) new, rapeseed, cake
Published 31 May, 2004 12:00am
Meezan Providence launched

Meezan Providence launched

Meezan Bank has launched a new and unique Islamic Investment facility, Meezan Providence. The facility is the first of its kind in Pakistan, whereby a corporate or business concern can make a 100 percent halal long-term investment of their Employee Provid
Published 31 May, 2004 12:00am
Meezan Providence launched

Meezan Providence launched

Meezan Bank has launched a new and unique Islamic Investment facility, Meezan Providence. The facility is the first of its kind in Pakistan, whereby a corporate or business concern can make a 100 percent halal long-term investment of their Employee Provid
Published 31 May, 2004 12:00am
Traders urge CBR to honour commitments

Traders urge CBR to honour commitments

Local traders have urged the Central Board of Revenue (CBR) to honour its commitments made with them last year regarding total audit and other tax-related issues.
Published 31 May, 2004 12:00am
Spot prices raised despite decline in world markets

Spot prices raised despite decline in world markets

The fast warning quality cotton has prompted buyers to frequent visit stations just in case they come across an offer of a desirable bale during the week ended on Saturday.
Published 31 May, 2004 12:00am
Cotton sellers prevail upon buyers for higher price

Cotton sellers prevail upon buyers for higher price

Cotton planting has almost been completed in Lower Sindh, while it is in progress in Upper Sindh and Punjab. Previously, there was no shortage of canal water, sowing in one area was simultaneously, but now due to shortage of canal waters, cotton growers g
Published 31 May, 2004 12:00am
Cotton sellers prevail upon buyers for higher price

Cotton sellers prevail upon buyers for higher price

Cotton planting has almost been completed in Lower Sindh, while it is in progress in Upper Sindh and Punjab. Previously, there was no shortage of canal water, sowing in one area was simultaneously, but now due to shortage of canal waters, cotton growers g
Published 31 May, 2004 12:00am
Dr Khalid promoted to BS-21

Dr Khalid promoted to BS-21

Professor Dr Khalid Rashid of International Islamic University has been promoted in BS-21 in recognition of his Research, organising teaching and research guidance to M. Phil and Ph.D. levels and for providing leadership to the other developmental program
Published 31 May, 2004 12:00am
Ban on wagons on urban routes flayed

Ban on wagons on urban routes flayed

Wagon owners, divers, staff and their family members will protest against the imposition of ban on plying of wagons on urban routes on June 1.
Published 31 May, 2004 12:00am
Life of Prophet (PBUH) a beacon of light

Life of Prophet (PBUH) a beacon of light

Religious scholar Professor Ahmed Rafiq Akhtar has said that the life of Holy Prophet (Peace Be Upon Him) is a beacon of light, and solution of all the problems confronting to Muslim Ummah lies in following his Sunnah.
Published 31 May, 2004 12:00am
PICU at Civil Hospital remains non functional

PICU at Civil Hospital remains non functional

The Paediatric Intensive Care Unit (PICU), at Paediatrics Department, Unit III, Civil Hospital Karachi, formally inaugurated in January 2003 is yet to be functional for want of qualified staff in adequate numbers.
Published 31 May, 2004 12:00am
Mufti Shamzai's killing widely condemned

Mufti Shamzai's killing widely condemned

Information and Broadcasting Minister Sheikh Rashid Ahmed while talking to PTV said the murderers of Mufti Nizamuddin Shamzai would be given exemplary punishment and they could not escape from the law.
Published 31 May, 2004 12:00am
Preparation of new industrial policy in full swing: Cheema

Preparation of new industrial policy in full swing: Cheema

Provincial Industries and Investment Minister Mohammad Ajmal Cheema has said that preparation of new Industrial Policy 2004 is in full swing and various matters pertaining to industrial development were under active consideration of the government.
Published 31 May, 2004 12:00am
Services of General Attiq hailed

Services of General Attiq hailed

A seminar applauding services of late General Attique-u-Rehman former Governor of Punjab was held at Science Academy Sabzazar, on Sunday.
Published 31 May, 2004 12:00am
Compensation for bereaved family of photographer

Compensation for bereaved family of photographer

Prime Minister Sardar Sikandar Hayat Khan on Sunday directed authorities to pay Rs 100,000 compensation to the bereaved family of photographer who was killed by police firing during a protest demonstration against government in Chanari town last Thursday.
Published 31 May, 2004 12:00am
First artificial skin to be developed

First artificial skin to be developed

An artificial skin would be developed in city through latest "Stem Cell" technique for skin grafting of burn patients for the first time in history of the country.
Published 31 May, 2004 12:00am
Force used against PML-N and ARD workers on Shahbaz's arrival

Force used against PML-N and ARD workers on Shahbaz's arrival

The government committed worst kind of human right violations on the arrival of the former Punjab Chief Minister, Mian Shahbaz Sharif, on May 11, 2004 at Allama Iqbal International Airport Lahore, by using state force against PML (N) and ARD workers and a
Published 31 May, 2004 12:00am
IBP holding Budget Breakfast Forum on June 7

IBP holding Budget Breakfast Forum on June 7

The Institute of Bankers Pakistan (IBP) is organising Budget Breakfast forum on June 7, the 1st working day after the announcement of Federal Budget.
Published 31 May, 2004 12:00am
Death anniversary

Death anniversary

The 366th death anniversary of Qazi Muhammad Afzal Ala Rehmat, Chief Justice of Sub-Continent during Mogul period will be held at Aastana Alia Shah Gudar, Gari Shahu on June 3, 2004.
Published 31 May, 2004 12:00am
Ijaz-ul-Haq asks people to remain peaceful

Ijaz-ul-Haq asks people to remain peaceful

Federal Religious and Minorities Affairs Minister Ijazul Haq on Sunday appealed to the people to remain peaceful and avoid indulging in activities that can harm the private or public property as a reaction to the murder of religious scholar Mufti Nizamudd
Published 31 May, 2004 12:00am
Citizens urged to promote education zealously

Citizens urged to promote education zealously

National progress cannot be accomplished without an active participation of the society so every citizen should take part in popularising the education zealously.
Published 31 May, 2004 12:00am
Karachi Nazim expresses grief and sorrow

Karachi Nazim expresses grief and sorrow

The Nazim of City District Government Karachi, Naimatullah Khan on Sunday expressed grief and sorrow over murder of the noted religious scholar Mufti Nizamuddin Shamzai and termed it a loss of Muslims Ummah.
Published 31 May, 2004 12:00am
KPC seminar postponed

KPC seminar postponed

The Karachi Press Club has postponed the seminar on "Press Freedom" scheduled to be held on Monday at 5 pm in view of the volatile situation in the city on Sunday.
Published 31 May, 2004 12:00am
CPNE's press complaint body meeting on May 31

CPNE's press complaint body meeting on May 31

Council of Pakistan Newspaper Editors (CPNE) is holding a meeting of its Press Complaint Committee on Monday at 5:00 pm at its Secretariat located at Fareed Chamber, Abdullah Haroon Road Karachi.
Published 31 May, 2004 12:00am
FSC resumes petitions hearing from May 31

FSC resumes petitions hearing from May 31

The First Bench of the Federal Shariat Court (FSC) will resume hearings into the compatibility of several federal laws with the Islamic jurisprudence when it opens its June session from Monday.
Published 31 May, 2004 12:00am
Saadi Cement enters export business

Saadi Cement enters export business

Saadi Cement has now also entered the export market. Its first export to Afghanistan started on May 27th, with a simple ceremony and prayer to Allah the most beneficent and most merciful.
Published 31 May, 2004 12:00am
Mango export to rise by 5 to 10 percent this year

Mango export to rise by 5 to 10 percent this year

Chief Executive Officer, Pakistan Horticulture Development & Export Board (PHDEB), Shamoon Sadiq has expressed the hope that the export of mangoes is expected to increase by five percent to 10 percent during the current season.
Published 31 May, 2004 12:00am
Four US soldiers killed in Afghanistan

Four US soldiers killed in Afghanistan

Four US soldiers were killed in a landmine blast in Afghanistan as violence erupted in at least three districts in the south of the country, Afghan and US officials said on Sunday.
Published 31 May, 2004 12:00am
Four US soldiers killed in Afghanistan

Four US soldiers killed in Afghanistan

Four US soldiers were killed in a landmine blast in Afghanistan as violence erupted in at least three districts in the south of the country, Afghan and US officials said on Sunday.
Published 31 May, 2004 12:00am
Pakistan missile test to escalate arms race: India

Pakistan missile test to escalate arms race: India

India's Home Minister Shivraj Patil said on Sunday that Pakistan's weekend test of a nuclear-capable missile would escalate an arms race between the rival neighbours.
Published 31 May, 2004 12:00am
Pakistan missile test to escalate arms race: India

Pakistan missile test to escalate arms race: India

India's Home Minister Shivraj Patil said on Sunday that Pakistan's weekend test of a nuclear-capable missile would escalate an arms race between the rival neighbours.
Published 31 May, 2004 12:00am
Europe's 'granny boom' spurs industry makeover

Europe's 'granny boom' spurs industry makeover

As Europe's baby boomers prepare to retire, mid-sized firms supplying retirement homes, pension schemes and specialist medical care are growing rapidly and consolidating, creating opportunities for investors, analysts say.
Published 31 May, 2004 12:00am
Europe's 'granny boom' spurs industry makeover

Europe's 'granny boom' spurs industry makeover

As Europe's baby boomers prepare to retire, mid-sized firms supplying retirement homes, pension schemes and specialist medical care are growing rapidly and consolidating, creating opportunities for investors, analysts say.
Published 31 May, 2004 12:00am
Hollywood reignites climate cost debate

Hollywood reignites climate cost debate

A new Hollywood movie is set to recharge debate on whether the world should spend big money to prevent the catastrophes some fear global warming could bring.
Published 31 May, 2004 12:00am
Airlines seek long-term jet swaps to secure future

Airlines seek long-term jet swaps to secure future

Some cash-rich airlines are shopping for forward jet fuel swaps as far out as 2007 in a bid to stave off a repeat of this year's shrinking profits as oil prices spiral to record highs, derivatives dealers said on Monday.
Published 31 May, 2004 12:00am
Jamali for presenting people-friendly budget

Jamali for presenting people-friendly budget

Prime Minister Mir Zafarullah Khan Jamali on Sunday said that government is striving to present a welfare-oriented and people-friendly budget.
Published 31 May, 2004 12:00am
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