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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-05
US data help corporate bonds to edge higher

US data help corporate bonds to edge higher

Firm US payroll data helped European corporate bonds edge higher in average value on Friday, allaying fears of rapid US interest rate rises but reassuring investors that economic growth is sustainable.
Published 05 Jun, 2004 12:00am
US data help corporate bonds to edge higher

US data help corporate bonds to edge higher

Firm US payroll data helped European corporate bonds edge higher in average value on Friday, allaying fears of rapid US interest rate rises but reassuring investors that economic growth is sustainable.
Published 05 Jun, 2004 12:00am
FTSE ends week up as oil, US jobs data brighten outlook

FTSE ends week up as oil, US jobs data brighten outlook

Britain's FTSE 100 gained 19 points on Friday, closing the week higher after OPEC boosted oil output to aid economic recovery, but cheaper oil was a mixed blessing for the index as BP and Shell weighed.
Published 05 Jun, 2004 12:00am
Sterling loses out to euro

Sterling loses out to euro

Sterling held broadly steady against the dollar but slipped against the euro on Friday after long-awaited US jobs data came in strong but not strong enough to give the greenback the power to drive higher.
Published 05 Jun, 2004 12:00am
Dollar holds in range

Dollar holds in range

The dollar drifted in tight ranges versus other major currencies on Friday as investors awaited US jobs data and were little moved by Opec's Thursday pledge to pump more oil.
Published 05 Jun, 2004 12:00am
London sugar closes firmer

London sugar closes firmer

London sugar futures closed firmer on Friday on trade short covering in moderate volumes, traders said.
Published 05 Jun, 2004 12:00am
World oil prices drop 10 percent from record highs

World oil prices drop 10 percent from record highs

Oil prices dropped nearly 10 percent from recent record highs on Friday as rising stockpiles in the United States and the promise of more Opec barrels soothed worries of a summer supply crunch.
Published 05 Jun, 2004 12:00am
World oil prices drop 10 percent from record highs

World oil prices drop 10 percent from record highs

Oil prices dropped nearly 10 percent from recent record highs on Friday as rising stockpiles in the United States and the promise of more Opec barrels soothed worries of a summer supply crunch.
Published 05 Jun, 2004 12:00am
Romanians say GM soya beats smelly salami

Romanians say GM soya beats smelly salami

The smelly, soya-based salami that replaced meat on Romanian dinner tables during the rule of dictator Nicolae Ceausescu long symbolised the misery of communism.
Published 05 Jun, 2004 12:00am
UK cereals body overhauls price reporting

UK cereals body overhauls price reporting

Britain's Home Grown Cereals Authority (HGCA) said on Friday it will move to reporting delivered rather than ex-farm grain prices from the start of the 2004/05 (July-June) season.
Published 05 Jun, 2004 12:00am
New York cotton closes higher

New York cotton closes higher

NYCE cotton closed higher Friday on options-related, trade and speculative buying as fibre rebounded after falling yesterday to a nine-month low, analysts said.
Published 05 Jun, 2004 12:00am
London coffee consolidates

London coffee consolidates

London coffee futures consolidated after recent gains, closing firmer amid sentiment that the market may be reaching a peak, traders said.
Published 05 Jun, 2004 12:00am
London cocoa down on fund selling

London cocoa down on fund selling

London cocoa futures closed lower on Friday on fund selling, capping a week in which the market sank to a new contract low of 770 pounds a tonne, traders said.
Published 05 Jun, 2004 12:00am
LME metals pare losses at kerb, but seen shaky

LME metals pare losses at kerb, but seen shaky

London Metal Exchange (LME) prices recovered a little ground late on Friday after earlier losses, but the market remained vulnerable to further falls in the short term, traders said.
Published 05 Jun, 2004 12:00am
Gold gains in Europe as US jobs data disappoint

Gold gains in Europe as US jobs data disappoint

Gold firmed in Europe on Friday afternoon as the dollar came under pressure when US jobs data disappointed investors who had bet on much stronger figures, dealers said.
Published 05 Jun, 2004 12:00am
US MIDDAY: coffee mixed

US MIDDAY: coffee mixed

CSCE arabica coffee futures finished mixed Friday in activity featuring small speculators as market players kept a wary eye on winter weather conditions in top producer Brazil, analysts said.
Published 05 Jun, 2004 12:00am
US MIDDAY: sugar firmer

US MIDDAY: sugar firmer

CSCE raw sugar futures finished firmer Friday on a steady drumbeat of speculative fund buying, with operators saying the market could possibly grind higher next week.
Published 05 Jun, 2004 12:00am
US MIDDAY: wheat futures up

US MIDDAY: wheat futures up

Soft red winter wheat futures at the Chicago Board of Trade gained early on Friday on a recovery from the steep price slide seen after Tuesday's rally, traders said.
Published 05 Jun, 2004 12:00am
US MIDDAY: corn firms

US MIDDAY: corn firms

Corn futures at the Chicago Board of Trade were higher by Friday's midsession on short covering after the sharp 9-to-11-cent declines posted on Thursday, traders said.
Published 05 Jun, 2004 12:00am
US MIDDAY: soya rallies

US MIDDAY: soya rallies

Soyabean futures at the Chicago Board of Trade rallied on Friday on an end-of-the-week short-covering bounce after Thursday's near-limit declines, traders said.
Published 05 Jun, 2004 12:00am
US MIDDAY: copper pares losses

US MIDDAY: copper pares losses

COMEX copper prices started sharply lower on Friday and fell further on fears of higher interest rates ignited by robust US jobs data, but traders said copper's losses were trimmed once analysts predicted that any rate rise would be minimal.
Published 05 Jun, 2004 12:00am
US MIDDAY: gold recoups losses

US MIDDAY: gold recoups losses

COMEX gold recouped its early losses Friday morning from an unexpectedly strong US jobs report that briefly boosted the dollar.
Published 05 Jun, 2004 12:00am
Environment specific activities carried out by OGDCL

Environment specific activities carried out by OGDCL

Recently OGDCL has carried out Health, Safety and Environment Audit for Uch, Qadirpur, and Dakhni Fields. Presently Environmental Impact Assessment (EIA) is being carried out for Chanda Project District Kohat.
Published 05 Jun, 2004 12:00am
Hino and Environment

Hino and Environment

Hinopak's mission is to provide the society with safe and economical, comfortable and environment friendly means of transportation by manufacturing and supplying commercial vehicles and services.
Published 05 Jun, 2004 12:00am
When did it all begin?

When did it all begin?

World Environment Day was established by the United Nations General Assembly in 1972 to mark the opening of the Stockholm Conference on the Human Environment.
Published 05 Jun, 2004 12:00am
World Environment Day 2004

World Environment Day 2004

World Environment Day, commemorated each year on 5 June is one of the principal vehicles through which the United Nations stimulates world-wide awareness of the environment and enhances political attention and action.
Published 05 Jun, 2004 12:00am
Forests and environment

Forests and environment

Forests and trees are an important part of our environment. Forest ecosystems serve as reservoirs of genetic bio-diversity, both flora and fauna.
Published 05 Jun, 2004 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

Pakistan is an active participant in the annual World Environment Day celebrated globally on June 5. This participation is a practical expression of our determination to join the collective will of the international community to take concerted action to p
Published 05 Jun, 2004 12:00am
Message from President of Pakistan

Message from President of Pakistan

The World Environment Day observed on June 5th every year, in over hundred countries around the world, demonstrates the collective will of the international community acting as a global village to raise awareness around key environmental concerns, which,
Published 05 Jun, 2004 12:00am
50 Years of Excellence

50 Years of Excellence

Pakistan International, commonly known as PIA, has been a pioneering airline ever since it started its soft operations on 7th June 1954 between Karachi and Dacca, as a 'department' under the Ministry of Defence.
Published 05 Jun, 2004 12:00am
From Turbulence to Blue Skies

From Turbulence to Blue Skies

When the current management of the national flag carrier was appointed by the Government of Pakistan in April 2001, the challenges it faced appeared to be insurmountable. Intense competition in the wake of industry deregulation, years of financial adventu
Published 05 Jun, 2004 12:00am
PIA - Our Goodwill Ambassador Turns 50

PIA - Our Goodwill Ambassador Turns 50

Today Pakistan International Airlines completes 50 years of service to this great nation. Without doubt, it has been a remarkable and memorable journey. Through these past 50 years, the history of PIA has very closely reflected the history of Pakistan.
Published 05 Jun, 2004 12:00am
Message from Finance Minister

Message from Finance Minister

My heartiest congratulations to Pakistan International Airlines, the national flag carrier, on completing fifty years of excellent service to the Aviation industry.
Published 05 Jun, 2004 12:00am
Message from Defence Minister

Message from Defence Minister

It gives me immense personal satisfaction to note that today the country opens another golden chapter in its history as Pakistan International Airlines (PIA) accomplishes its five decades of service.
Published 05 Jun, 2004 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

Today we mark another proud moment in our country's history as our national airline celebrates 50 years of service to the country and the world.
Published 05 Jun, 2004 12:00am
Message from President of Pakistan

Message from President of Pakistan

I take great pleasure in conveying my felicitations to Pakistan International Airlines, the national flag carrier, on the historic occasion of their Golden Jubilee.
Published 05 Jun, 2004 12:00am
No law yet to check quality of milk

No law yet to check quality of milk

Believe it or not the Punjab Livestock and Dairy Development Department is yet to enact basic laws to check the quality of milk since the inception of Pakistan, resulting in awarding open-handed liberty to the packed and unpacked milk-sellers to play havo
Published 05 Jun, 2004 12:00am
OIC body chief visits IIU

OIC body chief visits IIU

OIC Committee of Eminent Personalities Chairman Dr Kamal Hasan has said that the best way to bring change in the socio-economic condition of the Muslim world is to work meaningfully on strengthening relations among the academic institutions of the Muslim
Published 05 Jun, 2004 12:00am
An evening with Ahmad Faraz

An evening with Ahmad Faraz

The Cultural Department NWFP in collaboration of Abasin Arts Council Peshawar has arranged an evening with prominent poet Ahmad Faraz at Press Club Peshawar on Tuesday June 8, at 5:30 PM.
Published 05 Jun, 2004 12:00am
Sit-in staged against contaminated water supply

Sit-in staged against contaminated water supply

A large number of residents of Taluka Qasimabad blocked bypass road here on Friday by staging a "Dharna" (sit-in) under aegis of Qasimabad Action Committee against the continuous supply of toxic water to the citizens, which caused deaths of to dozen peopl
Published 05 Jun, 2004 12:00am
1.25 million households being supported through FSP

1.25 million households being supported through FSP

About 1.25 million households are getting benefit from government's project 'Food Support Programme' (FSP), designed to meet basic nutritional requirements of the poor and vulnerable groups.
Published 05 Jun, 2004 12:00am
Indonesian university to sign MoU with IIU

Indonesian university to sign MoU with IIU

International Islamic University, Islamabad, (IIU), Justice Khalil-ur-Rehman Khan (Retd) and State Islamic University of Indonesia (SIU) Vice Rector Professor Dr Masykuri Abdullah have agreed upon signing of a memorandum of understanding (MoU) for enhance
Published 05 Jun, 2004 12:00am
Sculptures exhibition

Sculptures exhibition

Alliance Francaise is holding the exhibition of sculptures by Hamid Alauddin from June 11 at 6.30 pm at French Centre.
Published 05 Jun, 2004 12:00am
Rs 190 million for health facilities at LGH

Rs 190 million for health facilities at LGH

Minister of Health Punjab, Tahir Ali Javed has said that a centre of excellence in neuro surgery will be established at Lahore General Hospital (LGH) and necessary medical equipment would be provided in the hospital for which extra funds have been allocat
Published 05 Jun, 2004 12:00am
Strengthening of SME expertise in non-OECD states suggested

Strengthening of SME expertise in non-OECD states suggested

The Federal Minister for Industries and Production, Liaquat Ali Jatoi has suggested strengthening of technical, marketing and managerial expertise of SME sector in the non-OECD member states and greater access to capital lending by the commercial banks an
Published 05 Jun, 2004 12:00am
All that glitters is not gold

All that glitters is not gold

The recent election results in India have proved the old saying "You may be able to fool some of the people some of the time, but you cannot fool all the people all the time" is correct.
Published 05 Jun, 2004 12:00am
Hong Kong pursues love affair with the mobile phone

Hong Kong pursues love affair with the mobile phone

Builder Chiu Chi-wai's multiple love affairs began when he was a teenager. He pursues the good-looking, as well as the slim and petite. But the objects of his affection are mobile phones.
Published 05 Jun, 2004 12:00am
Science of small things

Science of small things

"Nanotechnology," Biochemistry Professor Michael Sailor said at a gathering of chemists in New York. "That's the irrational belief that something we are doing will be useful someday."
Published 05 Jun, 2004 12:00am
'Impending change' in Sindh?

'Impending change' in Sindh?

A sudden upsurge of sectarian violence in Karachi having shaken the citizens and the government alike, Information Minister Sheikh Rashid had said last week, soon after a string of atrocities, that President General Pervez Musharraf had taken a strong not
Published 05 Jun, 2004 12:00am
Musharraf's intervention

Musharraf's intervention

President General Pervez Musharraf, no doubt alarmed as everyone else is at the continuing impasse on the National Finance Commission (NFC) Award, has asked Federal Finance Minister Shaukat Aziz to reconvene the NFC and has met the provincial chief minist
Published 05 Jun, 2004 12:00am
Lahore High Court dismisses petition

Lahore High Court dismisses petition

The Lahore High Court (LHC) has dismissed a petition filed by a brick kiln labourer Abdullah praying to the court to appoint him as Prime Minister of Pakistan.
Published 05 Jun, 2004 12:00am
Charges framed against NICFC defaulters

Charges framed against NICFC defaulters

An accountability court on Friday framed charges against wilful defaulters of National Industrial Credit & Finance Corporation (NICFC) Faisal Awan and Nawaz Awan.
Published 05 Jun, 2004 12:00am
Multinet to provide DSL connectivity to 4 more cities

Multinet to provide DSL connectivity to 4 more cities

Multinet Broadband, Pakistan's largest Broadband Network Service Provider (NSP) Friday announced its expansion plan under which DSL connectivity would be provided to Peshawar, Gujranwala, Faisalabad and Sialkot.
Published 05 Jun, 2004 12:00am
PSGMEA submits budget and trade policy proposals

PSGMEA submits budget and trade policy proposals

Pakistan Sports Goods Manufacturers and Exporters Association (PSGMEA) has submitted the proposals and suggestions for annual budget and trade policy for the fiscal year of 2004-2005.
Published 05 Jun, 2004 12:00am
Reduction in oil prices demanded

Reduction in oil prices demanded

Former Convenor of Founders Group and sitting member of Executive Committee in the Lahore Chamber of Commerce & Industry (LCCI) Chaudhry Zaka Ashraf, in a statement issued here on Friday, has urged the Prime Minister of Pakistan to direct the Oil Advisory
Published 05 Jun, 2004 12:00am
Smeda plans to join hands with banks to facilitate SMEs

Smeda plans to join hands with banks to facilitate SMEs

Small and Medium Enterprise Development Authority (Smeda) has planned to join hands with the banks so as to work jointly for removing the problems being faced by SME sector in getting finances.
Published 05 Jun, 2004 12:00am
Government focussing on promotion of education sector

Government focussing on promotion of education sector

Punjab government would provide Rs 150 million to the district governments for the education sector, and in the forthcoming provincial budget more funds would be given to this vital sector.
Published 05 Jun, 2004 12:00am
BRIDGE NOTES: Hasty step lost a well bid slam for ever

BRIDGE NOTES: Hasty step lost a well bid slam for ever

The seasoned and experienced players also fall a prey to the vagaries of the game of bridge which presents almost unlimited combinations of cards in its fold that are difficult to handle even with the best of imaginative approach, intention and bridge edu
Published 05 Jun, 2004 12:00am
Signing ceremony cancelled

Signing ceremony cancelled

The signing ceremony of IFC's investment in TRG Pakistan Limited, which was to be held on Monday, June 7, at the Darbar Hall, Sheraton Hotel here has been cancelled as Dr Mohsen Khalil, Director Global Information & Communications Technologies Department
Published 05 Jun, 2004 12:00am
TV REVIEW: On discussing Karachi deaths, Radio Ceylon, Govt commercials

TV REVIEW: On discussing Karachi deaths, Radio Ceylon, Govt commercials

With the way in which the world is being focused upon, with the way in which the television via satellite is expanding, and getting emotionally disturbing in a sense, one wonders about the impact that this little friend at home, can have on the process of
Published 05 Jun, 2004 12:00am
39th mango exhibition inaugurated

39th mango exhibition inaugurated

More than 172 varieties of mangoes have been displayed at the 39th Mango exhibition inaugurated by Syed Muzaffar Shah, speaker Sindh Assembly at Horticulture Farm here on Friday.
Published 05 Jun, 2004 12:00am
SPORTS WORLD: The importance of playing for Pakistan

SPORTS WORLD: The importance of playing for Pakistan

The trauma of dismal performance of Pakistan team against India in the recent "Friendship series" still haunts the Pakistan Cricket Board (PCB) officials and they are groping in the dark as to what went wrong with the "talented" young lot, who surrendered
Published 05 Jun, 2004 12:00am
CBR urged to withdraw notices

CBR urged to withdraw notices

All Pakistan Cottage Industries and Small Traders Association President and Zonal Chairman Pakistan Industrial & Traders Associations Front (Piaf), Ghulam Sarwar Malik has called upon the Federal Finance Minister and Chairman CBR to withdraw notices serve
Published 05 Jun, 2004 12:00am
SPORTS WORLD: Enjoyable tennis in Paris and Karachi

SPORTS WORLD: Enjoyable tennis in Paris and Karachi

It is a season of tennis in Europe, where the second Grand Slam of the year is being played in Paris. The weather is not propitious and umbrellas are being opened and closed for drizzle and even net-rushing for the modern serve-and-volley game is well nig
Published 05 Jun, 2004 12:00am
LAHORE CULTURAL DIARY: PNCA activities in Lahore

LAHORE CULTURAL DIARY: PNCA activities in Lahore

Music concerts and exhibitions of paintings sponsored by Pakistan National Council of the Arts (Islamabad) at its Lahore centre are increasingly attracting the attention of discernible Lahore audiences. Nairang Art Gallery has of late also become pro-acti
Published 05 Jun, 2004 12:00am
Withdrawal of raise in professional tax demanded

Withdrawal of raise in professional tax demanded

The Lahore Chamber of Commerce and Industry (LCCI) President, Mian Anjum Nisar, in a statement issued here on Friday, has urged the district government to immediately withdraw the increase in the rate of professional tax.
Published 05 Jun, 2004 12:00am
Shoelifting is a curse

Shoelifting is a curse

This world of ours is full of one nuisance or another, if we can call it so. Shoplifting is pestering the civilised west, where cameras are concealed and other effective security measures are taken in the department stores to catch the culprits. Shoplifti
Published 05 Jun, 2004 12:00am
Why the health care delivery system fails?

Why the health care delivery system fails?

There are various reasons for the Failure of health systems, economists have suggested at least three reasons why the health systems of many countries Fail to perform well in "producing" better health, particularly for the poor, given their spending.
Published 05 Jun, 2004 12:00am
Ministry seeks report on abolition of plot quota

Ministry seeks report on abolition of plot quota

The Ministry of Interior has sought detailed report within three days from the Capital Development Authority (CDA) regarding the abolition of category III plot quota allocated for authority's low grade employees in Sector I-8 8 to adjust DMG officers work
Published 05 Jun, 2004 12:00am
Water a precious gift of nature

Water a precious gift of nature

Water is a precious gift of nature and is a must for life. About 70 percent of our body is made of water. Most of the chemical reactions that keep our bodies working properly require water. Life without water can last for a few days. Even slight dehydrat
Published 05 Jun, 2004 12:00am
'West has launched ruthless campaign against Islam'

'West has launched ruthless campaign against Islam'

West has launched a ruthless campaign against Islam and Muslims by declaring Islamic revolutionary movements as terrorist movements, Tanzeem-e-Islami Pakistan Chief and a renowned Islamic scholar Dr Israr Ahmed said here on Friday.
Published 05 Jun, 2004 12:00am
Safe drinking water

Safe drinking water

Water plays a vital role in our lives as our health is greatly affected by the quantity and quality of the water available. Population growth, rapid urbanisation and industrialisation are imposing growing demands and pressures on water. The rising imbalan
Published 05 Jun, 2004 12:00am
World Environment Day on June 5

World Environment Day on June 5

The 30th 'World Environment Day' is being celebrated world-wide on Saturday June 5, with the theme of "Wanted! seas and oceans - dead or alive?".
Published 05 Jun, 2004 12:00am
CAPITAL CULTURAL SCENE: City feeling the summer heat

CAPITAL CULTURAL SCENE: City feeling the summer heat

My first stop was at Takshila, the South Asian Centre of Literature and Performing Arts to cover the preview of the painting exhibition by Nahida Raza.People from all walks of life had gathered for the event. I met Leila Zuberi, the Director of Takshila,
Published 05 Jun, 2004 12:00am
Load-shedding persists in Karachi

Load-shedding persists in Karachi

The Karachiites continued to suffer from load shedding on Friday as KESC failed to meet the city's power supply demand.
Published 05 Jun, 2004 12:00am
BOOK REVIEW: 'The really big people'

BOOK REVIEW: 'The really big people'

I have just put down the book titled "Shahr-e-Huna Mandan in fact a compilation of newspaper columns written by Safoora Khairi. It contains28 articles in all. The name Khairi stands for heavy-weight in the arena of literature and journalism and Safoora he
Published 05 Jun, 2004 12:00am
The power to change the world

The power to change the world

Over the last two years, I have had the opportunity to discuss the tools of social marketing with over 200 participants at 10 different workshop events. What was common to these various discussions was the initial confusion regarding the definition of soc
Published 05 Jun, 2004 12:00am
Mosques surveillance bodies to be set up in Islamabad

Mosques surveillance bodies to be set up in Islamabad

Chief Commissioner Islamabad, Junaid Iqbal Chaudhry has directed the authorities to set up Mosques Surveillance Committees in line with the contingency plan to avert any untoward incident in the Federal Capital.
Published 05 Jun, 2004 12:00am
LITERARY NOTES: Rebirth of Majeed Malik as a writer

LITERARY NOTES: Rebirth of Majeed Malik as a writer

I think that there are always some persons, who being themselves poets and writers of merit, shy away from presenting themselves as creative artists. Majeed Malik was surely one of them.
Published 05 Jun, 2004 12:00am
Karachiites enjoy pollution-free day

Karachiites enjoy pollution-free day

Karachi gave a new look on Friday - a city free from environmental pollution, a day ahead of the World Environment Day (June 5).
Published 05 Jun, 2004 12:00am
Jamali seeks report from police

Jamali seeks report from police

Prime Minister Mir Zafarullah Khan Jamali on Friday has sought a report from the police over the alleged killing of a person in police custody.
Published 05 Jun, 2004 12:00am
CURRENT TOPICS: Unexpected but not inexplicable

CURRENT TOPICS: Unexpected but not inexplicable

Two developments in India last week have created a stir: - a) Against forecasts of a favourable landslide, BJP loses to Congress.- b) Victorious Sonia declines to become Prime Minister. The election result was the verdict of the people. The surprising dec
Published 05 Jun, 2004 12:00am
India must define parameters for talks over Kashmir: WKFM

India must define parameters for talks over Kashmir: WKFM

India should define parameters of its dialogue with Kashmiri leadership to prove its sincerity in resolving the long-running Kashmir issue, said Dr Ghulam Nabi Fai, secretary-general, World Kashmir Freedom Movement here on Thursday.
Published 05 Jun, 2004 12:00am
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