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Print - 2004-06-02
New York cotton futures at seven-week low

New York cotton futures at seven-week low

NYCE cotton futures settled Tuesday at a 7-week low on options-related and speculative sales after the holiday weekend, with players uncertain about the market's next move in the days ahead, analysts said.
Published 02 Jun, 2004 12:00am
London sugar closes firmer on trade and fund buying

London sugar closes firmer on trade and fund buying

London sugar futures closed stronger on Tuesday on trade and fund buying in good volumes amid continuing concern over rain-induced delays in the cane harvest in Brazil and on improving prospects for ethanol demand, traders said.
Published 02 Jun, 2004 12:00am
Gold rally stalls, $400 still in focus in London trade

Gold rally stalls, $400 still in focus in London trade

Gold faltered towards the European close on Tuesday after rallying towards psychological resistance at $400 an ounce and hitting a high last seen in April at $398.60 on safe-haven buying.
Published 02 Jun, 2004 12:00am
US oil prices jump more than two percent

US oil prices jump more than two percent

The US oil prices surged more than two percent to push above $40 a barrel on Tuesday after a weekend attack on Saudi Arabia, which left 22 people dead but did not interrupt oil flows from the world's biggest exporter.
Published 02 Jun, 2004 12:00am
Oil surges to record highs

Oil surges to record highs

US oil prices surged by more than $2 a barrel to record highs on Tuesday after an attack in Saudi Arabia by Islamic militants killed 22 people, heightening fears about political instability in the world's biggest oil exporter.
Published 02 Jun, 2004 12:00am
Oil surges to record highs

Oil surges to record highs

US oil prices surged by more than $2 a barrel to record highs on Tuesday after an attack in Saudi Arabia by Islamic militants killed 22 people, heightening fears about political instability in the world's biggest oil exporter.
Published 02 Jun, 2004 12:00am
LME metals close strongly on fund buying

LME metals close strongly on fund buying

London Metal Exchange (LME) prices closed firmly on Tuesday, with aluminium near a one-month high on fund buying and supply worries, analysts and traders said.
Published 02 Jun, 2004 12:00am
US MIDDAY: cocoa sinks on trade, profit-taking

US MIDDAY: cocoa sinks on trade, profit-taking

CSCE cocoa futures settled lower Tuesday, pulling back from a near 1-month high, as prices mirrored a downside reversal in London market, as hedge and trade selling and profit-taking there pressured prices, traders said.
Published 02 Jun, 2004 12:00am
US MIDDAY: sugar rallies on speculative fund buying

US MIDDAY: sugar rallies on speculative fund buying

CSCE raw sugar futures ended Tuesday near a 10-month high on robust speculative fund buying, fears that rains in Brazil could hinder the harvest and livelier interest in the cash market, analysts said.
Published 02 Jun, 2004 12:00am
US MIDDAY: wheat future moves up on technical support

US MIDDAY: wheat future moves up on technical support

Soft red winter wheat futures at the Chicago Board of Trade closed sharply higher on Tuesday on concerns that heavy rains in the Midwest over the weekend harmed the US soft red winter wheat crop, traders said.
Published 02 Jun, 2004 12:00am
US MIDDAY: corn climbs on weather report

US MIDDAY: corn climbs on weather report

Chicago Board of Trade corn futures were locked limit-up on Tuesday, reaching the 20-cent daily trading limit through July 2005 on crop fears after weekend storms dumped more rain on the US Midwest, traders said.
Published 02 Jun, 2004 12:00am
US MIDDAY: soyabeans locked up daily 50-cent limit

US MIDDAY: soyabeans locked up daily 50-cent limit

Chicago Board of Trade nearby soyabean futures were locked up the 50-cent daily limit on Tuesday on speculative buying and worries about US crop damage after weekend storms, traders said.
Published 02 Jun, 2004 12:00am
US MIDDAY: copper trim gains on strong economic reports

US MIDDAY: copper trim gains on strong economic reports

COMEX copper futures surged at the open on Tuesday as funds tried to catch up with firmer prices in London, traders said, but copper edged off the highs after the release of several strong US economic reports that helped the dollar gain ground against the
Published 02 Jun, 2004 12:00am
US MIDDAY: gold toys with $400 an ounce

US MIDDAY: gold toys with $400 an ounce

COMEX gold rose to within a whisker of $400 an ounce Tuesday morning, as the dollar fell and attacks in Saudi Arabia and continued violence in Iraq over a three-day weekend fuelled demand for safe-havens.
Published 02 Jun, 2004 12:00am
Raja Motor Company

Raja Motor Company

Italy a young National in old land is a democratic republic and stands as a vital stone of Western History Julies Caesar, Charlemagne, and Napoleon rule there. Constantine he Great spread of Christianity throughout his Empire.
Published 02 Jun, 2004 12:00am
Ismail Industries Limited - Biscuits are Bisconni

Ismail Industries Limited - Biscuits are Bisconni

In recent years we have seen a lot of new product launches which are success stories in themselves. An ideal case in point is Bisconni. Bisconni is the biscuit division of Ismail Industries Ltd which started in April 2002 launching two new brands of biscu
Published 02 Jun, 2004 12:00am
Gadoon Textile Mills Limited - the preferred supplier of quality yarn

Gadoon Textile Mills Limited - the preferred supplier of quality yarn

Incorporated in 1988, Gadoon Textile Mills Limited (GTML) is sponsored by Yunus Brothers Group, a pre-eminent business house of Pakistan with ownership interests in diverse industries including textiles and cement. The company is listed on Karachi and Isl
Published 02 Jun, 2004 12:00am
CNH - Global Market Leader

CNH - Global Market Leader

CNH is the power behind the leading agricultural and construction equipment brands of the Case IH and New Holland brand families.
Published 02 Jun, 2004 12:00am
Message from Italian Trade Commissioner

Message from Italian Trade Commissioner

It gives me immense pleasure to extend my congratulation to Business Recorder for issuing a special supplement on occasion of the National Day of Italy.
Published 02 Jun, 2004 12:00am
Pakistan and Philippines hold talks

Pakistan and Philippines hold talks

Foreign Minister Khurshid Mehmood Kasuri held talks with Foreign Affairs Secretary (Foreign Minister) of the Philippines Ms Delia Domingo Albert at the Foreign Office and exchanged views on bilateral, regional and international issues.
Published 02 Jun, 2004 12:00am
Shujaat condemns attack on Ansar Burney

Shujaat condemns attack on Ansar Burney

PML President Chaudhry Shujaat Hussain on Tuesday strongly condemned the terrorist attack and firing on renowned human rights activist Ansar Burney, on Monday night at Karachi.
Published 02 Jun, 2004 12:00am
Withholding of by-polls: SHC adjourns hearing of MQM's plea

Withholding of by-polls: SHC adjourns hearing of MQM's plea

Sindh High Court on Tuesday adjourned hearing of the petition filed by Muttahida Qaumi Movement (MQM) challenging withholding of May 12 by-election results of three national and one provincial seats in Karachi by Election Commission of Pakistan (ECP).
Published 02 Jun, 2004 12:00am
World pays heavy price for global airline boom

World pays heavy price for global airline boom

In Sydney airport's crowded international terminal, passengers make last-minute passport checks or fret over toddlers in pushchairs as they wait in the snaking queue to check in for the 23-hour flight to London.
Published 02 Jun, 2004 12:00am
Division of pool money

Division of pool money

I have no hesitation in accepting the fact that I am not an expert on national financial matters but if the NFC problem is what I understand it to be then I have a simple solution of the same.
Published 02 Jun, 2004 12:00am
Turkey's ancient Christians seek to resettle former village homes

Turkey's ancient Christians seek to resettle former village homes

The ancient Syriac Orthodox monastery outside this south-eastern city is praying for a brighter future as Christians, forced out of their ancestral lands by economic hardship and an armed Kurdish insurgency, start trickling back to their villages.
Published 02 Jun, 2004 12:00am
Time for Enlightened Moderation

Time for Enlightened Moderation

The world is passing through a tumultuous period ever since the dawn of the 90s, with no signs of relenting. The suffering of the innocent multitudes, particularly my brethren in faith - the Muslims - at the hands of militants, extremists, terrorists, has
Published 02 Jun, 2004 12:00am
Tea trade with India

Tea trade with India

The memorandum of understanding signed between the Indian Tea Association and the Pakistan Tea Association recently, for sale of 10 million kg of black tea to Pakistani importers and packers, amply demonstrates the enthusiasm with which the visiting 11-me
Published 02 Jun, 2004 12:00am
Need for a national alliance against terror

Need for a national alliance against terror

The powerful bomb blast that killed about 20 Namazis in an Imambargah in Karachi on Monday, in quick succession to the preceding day's ghastly assassination of Mufti Shamzai, should leave little to doubt about the terrorists' resort to the oft tried secta
Published 02 Jun, 2004 12:00am
Addressing PVMA's concerns

Addressing PVMA's concerns

The government is reported to be inclined to make some much-needed changes in its policies concerning the ghee industry so as to create a level playing field for all involved.
Published 02 Jun, 2004 12:00am
Anti-allergy movement launched

Anti-allergy movement launched

A National Allergy Movement has been launched to create awareness among the people to fight against various kinds of allergy.
Published 02 Jun, 2004 12:00am
Grant announced for library

Grant announced for library

The Chief Secretary Punjab, Kamran Rasool has announced a grant of Rs 5 lakh for the library of The Trust School, Aamir Town, Lahore.
Published 02 Jun, 2004 12:00am
Pakistani products exhibition held in Kenya

Pakistani products exhibition held in Kenya

Lahore Chamber of Commerce and Industry (LCCI)'s delegation, currently on a ten-day visit to Kenya and South Africa, has arranged an exhibition of Pakistani products in the office of Pakistan High Commission in Mombassa (Kenya).
Published 02 Jun, 2004 12:00am
Suggestion to amend PBC Act flayed

Suggestion to amend PBC Act flayed

Lahore High Court Bar Association (LHCBA) would not allow the government to postpone the Punjab Bar Council (PBC) election to be held on November 30.
Published 02 Jun, 2004 12:00am
Punjab Assembly offers Fateha for Karachi blast victims

Punjab Assembly offers Fateha for Karachi blast victims

Punjab Assembly session that commenced 10:35 am, on Tuesday on a point of order of MPA Rehana Jamil offered Fateha for the persons killed in a terrorist incident in an Imambargah of Karachi recently.
Published 02 Jun, 2004 12:00am
Law to protect poultry industry demanded

Law to protect poultry industry demanded

The Federal government should make a comprehensive legislation to protect the country's poultry industry from serious health threats.
Published 02 Jun, 2004 12:00am
Revenue Board appointment

Revenue Board appointment

The Central Board of Revenue (CBR) has appointed Haji Ahmed, a Grade-21 officer of the income tax group, as Director General, Inspection, Direct Taxes, from June 1, 2004.
Published 02 Jun, 2004 12:00am
IMT granted charter of university

IMT granted charter of university

University of Management and Technology (UMT) thanked the Punjab Governor, Chief Minister and Education Minister on awarding the Institute of Leadership and Management (ILM)/Institute of Management and Technology (IMT) the university status.
Published 02 Jun, 2004 12:00am
LHCBA condemns mass killings in Karachi

LHCBA condemns mass killings in Karachi

Lahore High Court Bar Association (LHCBA) has condemned the mass killings in Karachi, and asked the government to arrest the responsible persons and award them exemplary punishment.
Published 02 Jun, 2004 12:00am
No raise in Punjab University fees

No raise in Punjab University fees

There would be no increase in the Punjab University fee in its coming budget for the year 2004-05 to be presented by end of this month.
Published 02 Jun, 2004 12:00am
HCCI proposes duty waiver on ship-breaking industry

HCCI proposes duty waiver on ship-breaking industry

The Hyderabad Chamber of Commerce and Industry (HCCI) in its budget proposals presented to the federal Commerce Ministry suggested that customs duty may be waived off from ship-breaking industry to create stability in price structure of iron and developme
Published 02 Jun, 2004 12:00am
Interim bail allowed to Nazim Data Ganjbaksh Town

Interim bail allowed to Nazim Data Ganjbaksh Town

Lahore High Court has allowed an interim bail to Nazim Data Ganjbaksh Town Khawaja Hassan till June 16 and issued notices to the respondents for the next date of hearing.
Published 02 Jun, 2004 12:00am
PSMA chief grieved over killings in Karachi

PSMA chief grieved over killings in Karachi

Pakistan Soap Manufacturers' Association (PSMA) Chairman M. Yakub Karim has expressed his deep sense of sorrow and grief at the brutal killing of noted religious scholar Mufti Nizamuddin Shamzai and over 20 innocent Namazis killed in bomb blast at Imambar
Published 02 Jun, 2004 12:00am
The Weather

The Weather

The weather report of Tuesday (June 01) and the forecast for Wednesday (June 02, 2004).
Published 02 Jun, 2004 12:00am
FTO calls for setting up 'revenue judicial service'

FTO calls for setting up 'revenue judicial service'

The FTO secretariat has called for the establishment of an independent revenue judicial service to meet the requirement of the constitution which has mandated separation of judiciary from the executive.
Published 02 Jun, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 02 Jun, 2004 12:00am
Musharraf's intervention sought to restore law and order

Musharraf's intervention sought to restore law and order

Federation of Pakistan Chambers of Commerce and Industry President Riaz Ahmed Tata while strongly condemning the bomb blast in Ali Raza Imambargah has appealed to President General Pervez Musharraf to personally intervene as the rapidly deteriorating law
Published 02 Jun, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 02 Jun, 2004 12:00am
Karachiites urged to maintain peace

Karachiites urged to maintain peace

Haroon Rashid, Vice-President, Federation of Pakistan Chambers of Commerce & Industry has expressed great sorrow and grief over the most unfortunate incident of killings at Imam Bargah in Karachi on Monday.
Published 02 Jun, 2004 12:00am
Key stock market movements at 1700 GMT on June 01

Key stock market movements at 1700 GMT on June 01

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 02 Jun, 2004 12:00am
Petitions against Habib Bank sale adjourned

Petitions against Habib Bank sale adjourned

The initial hearing into the constitutional petitions questioning the disinvestment of Habib Bank Limited in favour of Aga Khan Fund for Economic Development was adjourned here on Tuesday by the Supreme Court, without fixing a new date.
Published 02 Jun, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 01, 2004)
Published 02 Jun, 2004 12:00am
Quality testing labs to be set up to improve quarantine services

Quality testing labs to be set up to improve quarantine services

A network of quality testing laboratories is being set up in public sector to improve quality of grains, check livestock diseases and products, fertiliser and agro-chemicals, residue testing and strengthening of plant and animal quarantine services.
Published 02 Jun, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 01, 2004).
Published 02 Jun, 2004 12:00am
Committee for water testing to be set up in Sindh

Committee for water testing to be set up in Sindh

Advisor to Sindh Chief Minister for Local Government, Wasim Akhtar said on Tuesday that he has directed his department to constitute a committee for making arrangements for undertaking testing of water supplied by the public and private hydrants and also
Published 02 Jun, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 01, 2004).
Published 02 Jun, 2004 12:00am
Sikh Yatrees to arrive before June 14

Sikh Yatrees to arrive before June 14

Sikh pilgrims are expected to arrive here from all over the world to participate in the death anniversary rites of their spiritual leader Guru Arjun Dev Jee to be observed from June 14 to 16.
Published 02 Jun, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (June 01) and rates for Wednesday (June 02, 2004).
Published 02 Jun, 2004 12:00am
Next budget to be business-friendly, says Jatoi

Next budget to be business-friendly, says Jatoi

The Federal Minister for Industries and Production, Liaquat Ali Jatoi has said that the next budget would be a business friendly as present government has planned maximum incentives for business sector to boost the economy.
Published 02 Jun, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 01, 2004).
Published 02 Jun, 2004 12:00am
Peshawar police asked to adopt foolproof security measures

Peshawar police asked to adopt foolproof security measures

NWFP Police Chief Muhammad Raffat Pasha has strictly directed the Peshawar-based police high-ups to further improve their intelligence network, adopt foolproof security measures and ensure peace and religious harmony at all costs.
Published 02 Jun, 2004 12:00am
Setting up of cadet college in Multan delayed

Setting up of cadet college in Multan delayed

Political and vested interests and red tape culture have delayed the establishment of Multan Cadet College which makes the needy people of southern Punjab rolling stones who by force of circumstances bear additional expenditure on providing cadet college
Published 02 Jun, 2004 12:00am
Centre agrees to raise provinces share in NFC Award: Durrani

Centre agrees to raise provinces share in NFC Award: Durrani

NWFP Chief Minister Akram Khan Durrani has said that due to the strenuous efforts of the provincial government of Muttahida Majlis-i-Amal (MMA), the federal government has agreed to increase share of the provinces in NFC Award.
Published 02 Jun, 2004 12:00am
THE RUPEE: sliding trend in currency market

THE RUPEE: sliding trend in currency market

The rupee on Tuesday lost five paisa in relation to dollar in the interbank market for buying and selling at Rs 57.73 and Rs 57.75, respectively, on increased demand for the greenback, dealers said.
Published 02 Jun, 2004 12:00am
AIOU and MUET sign MoU

AIOU and MUET sign MoU

A memorandum of understanding (MoU) has been signed between Allama Iqbal Open University and Mehran University of Engineering and Technology, Jamshoro to set up Study Centre of AIOU in the Department of Architecture, Mehran University.
Published 02 Jun, 2004 12:00am
THE RUPEE: sliding trend in currency market

THE RUPEE: sliding trend in currency market

The rupee on Tuesday lost five paisa in relation to dollar in the interbank market for buying and selling at Rs 57.73 and Rs 57.75, respectively, on increased demand for the greenback, dealers said.
Published 02 Jun, 2004 12:00am
BZU allocates Rs 57.5 million for research

BZU allocates Rs 57.5 million for research

The university institution plays a key role in providing research-oriented studies to the governments for policy making in developed and developing countries but the Bahauddin Zakariya University has allocated just Rs 57,50,000 for research and Rs 254.557
Published 02 Jun, 2004 12:00am
Textile Spinning: DAR ES SALAAM MILLS LIMITED - Year Ended 30-09-2003

Textile Spinning: DAR ES SALAAM MILLS LIMITED - Year Ended 30-09-2003

This textile spinning unit of Muridke's bottom lines has gone into the red after several years profit. This is despite the fact the company has registered increases in production, sales revenue, and export sales. At the same time the company has remained
Published 02 Jun, 2004 12:00am
Dawchem Industries and China sign MoU

Dawchem Industries and China sign MoU

A Memorandum of Understanding (MoU) was signed between Dawchem Industries (PVT) Limited and Government of China setting up a 60,000 tonnes per annum hydrogen peroxide (H2O2) plant, on Tuesday.
Published 02 Jun, 2004 12:00am
Textile Spinning: DAR ES SALAAM MILLS LIMITED - Year Ended 30-09-2003

Textile Spinning: DAR ES SALAAM MILLS LIMITED - Year Ended 30-09-2003

This textile spinning unit of Muridke's bottom lines has gone into the red after several years profit. This is despite the fact the company has registered increases in production, sales revenue, and export sales. At the same time the company has remained
Published 02 Jun, 2004 12:00am
APNS resents Rashid's statement on wage award

APNS resents Rashid's statement on wage award

The All Pakistan Newspapers Society (APNS) has expressed strong concern and resentment on the increased hostility of the federal information ministry towards the press which it termed as dangerous for the future of a free press and democratic dispensation
Published 02 Jun, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (June 01, 2004).
Published 02 Jun, 2004 12:00am
Government urged to give meaningful relief to people

Government urged to give meaningful relief to people

Mohammad Pervaiz Malik, MNA and PML-N leader, has urged the government to give meaningful relief to the people in the coming budget by drastically reducing the rates of utility bills and tariffs on the import of raw material used in industry and agricultu
Published 02 Jun, 2004 12:00am
Goethe Institut to screen films from June 7

Goethe Institut to screen films from June 7

The Goethe Institut in Karachi is starting its new programme this month with screening of seven German film from June 7 to June 24, 2004 and the eighth film of the series will be screened on July 1, 2004.
Published 02 Jun, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 02 Jun, 2004 12:00am
PIA punctuality graph goes up

PIA punctuality graph goes up

The Pakistan International Airlines has claimed that its overall system punctuality graph is climbing back to old days, and last month's figures touched 89 percent, highest since 1988.
Published 02 Jun, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 02 Jun, 2004 12:00am