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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-11
US tourism industry sales hit record

US tourism industry sales hit record

Sales from US tourism industries to consumers and businesses set a record in the first quarter, surpassing a peak hit in the final quarter of 2000 as the recovery in the battered industry gained pace, a government report showed on Thursday.
Published 11 Jun, 2004 12:00am
Thousands rally for pay, pensions across Russia

Thousands rally for pay, pensions across Russia

Thousands of Russians took to the streets across the vast country Thursday to condemn controversial social reforms that were launched by President Vladimir Putin and now see his government facing rare discontent.
Published 11 Jun, 2004 12:00am
New EU economies outpace 'old Europe' in first quarter

New EU economies outpace 'old Europe' in first quarter

Just over a month after joining the European Union, its new central and eastern European members have reported a strong economic start to the year, as their manufacturers cash in on an upturn in export markets.
Published 11 Jun, 2004 12:00am
World oil demand growth at 23-year high: IEA

World oil demand growth at 23-year high: IEA

Global economic expansion is fuelling the biggest increase in world oil demand for 23 years but extra supply from producing nations is gradually replenishing consumers' stocks, the International Energy Agency (IEA) said on Thursday.
Published 11 Jun, 2004 12:00am
Rising energy prices may stall economic growth in Apec

Rising energy prices may stall economic growth in Apec

Rising energy prices may arrest growth in Pacific Rim economies particularly among countries dependent on fuel imports, energy experts at an Asia-Pacific Economic Co-operation (APEC) forum warned Thursday.
Published 11 Jun, 2004 12:00am
Yukos chief sees tax case loss would hit output: WSJ

Yukos chief sees tax case loss would hit output: WSJ

Russian oil major Yukos will have to cut crude oil output forecasts if it loses its next court case over a $3.4 billion tax bill, the firm's chief executive was quoted as saying on Thursday.
Published 11 Jun, 2004 12:00am
Gazprom Russian gas sales seen loss-free this year

Gazprom Russian gas sales seen loss-free this year

Russian gas monopoly Gazprom will break even on domestic gas sales this year and hopes to post $300-400 million in profits from Russian deliveries in 2005, a senior company official said on Thursday.
Published 11 Jun, 2004 12:00am
Australia offers LNG to Mexico

Australia offers LNG to Mexico

Australia has held preliminary talks with Mexico to supply liquefied natural gas (LNG) in the country's latest pitch to try to find buyers for its huge gas reserves, a Mexican diplomat said on Thursday.
Published 11 Jun, 2004 12:00am
Singapore shares jump, lifted by new listing

Singapore shares jump, lifted by new listing

Singapore shares closed slightly higher on Thursday as blue chips such as United Overseas Bank (UOB) rose but activity was centred around new listings such as China Petrotech
Published 11 Jun, 2004 12:00am
Sarkozy disrupts Franco-German harmony

Sarkozy disrupts Franco-German harmony

France's industry policy, dubbed nationalistic by Germany, is putting pressure on the close alliance between the countries just days after their regular expressions of warmth culminated in joint D-Day commemorations.
Published 11 Jun, 2004 12:00am
Singapore residual fuel stocks at five-year high

Singapore residual fuel stocks at five-year high

Singapore's onshore stocks of residual fuels rose 964,000 barrels in the week ended June 9 to 13.495 million barrels, the highest level in more than five years, International Enterprise (IE) data showed on Thursday.
Published 11 Jun, 2004 12:00am
US Treasuries drop as rate fears offset good auction

US Treasuries drop as rate fears offset good auction

US Treasury prices slipped on Wednesday as traders' fears the Federal Reserve may raise interest rates more rapidly than anticipated offset strong results from an auction of new five-year notes.
Published 11 Jun, 2004 12:00am
US Treasuries drop as rate fears offset good auction

US Treasuries drop as rate fears offset good auction

US Treasury prices slipped on Wednesday as traders' fears the Federal Reserve may raise interest rates more rapidly than anticipated offset strong results from an auction of new five-year notes.
Published 11 Jun, 2004 12:00am
Malaysian shares up in razor-thin trade

Malaysian shares up in razor-thin trade

Malaysian shares ended up in razor-thin trade on Thursday for their fifth-day of gains, helped by advances in key stocks like Maybank, as concerns over a rate rise in the US kept many investors out of the market.
Published 11 Jun, 2004 12:00am
Hong Kong stocks soar, lifted by strong dairy IPO

Hong Kong stocks soar, lifted by strong dairy IPO

Hong Kong stocks ended higher on Thursday getting a shot in the arm from the successful trading debut of China's largest dairy firm, while rotational buying lifted laggard blue chips such as China Unicom and PCCW.
Published 11 Jun, 2004 12:00am
Thai stocks rise for second straight day

Thai stocks rise for second straight day

Thai stocks edged higher for a second straight day on Thursday, helped by strong gains in auto-related shares and late buying by funds, analysts said.
Published 11 Jun, 2004 12:00am
Taiwan stocks close weaker

Taiwan stocks close weaker

Taiwan stocks ended lower on Thursday with electronics shares leading losses after Goldman Sachs downgraded index heavyweights TSMC and UMC and US tech stocks fell sharply overnight.
Published 11 Jun, 2004 12:00am
Indian shares slip with eyes on budget and rates

Indian shares slip with eyes on budget and rates

Indian shares fell on Thursday as uncertainty about the new government's economic policies chipped away at four days of gains, while bonds weakened on expectations of a hike in US interest rates.
Published 11 Jun, 2004 12:00am
Sri Lankan stocks sag

Sri Lankan stocks sag

Sri Lankan stocks closed lower on Thursday, weighed down by a lack of institutional interest in blue-chip counters, despite some retail buying in smaller stocks.
Published 11 Jun, 2004 12:00am
Philippines stocks decline

Philippines stocks decline

Philippine stocks dipped on Thursday, led by dominant phone group PLDT, on concern over a potential hike in local interest rates if the United States raises its benchmark rates this month.
Published 11 Jun, 2004 12:00am
Construction of plazas prohibited

Construction of plazas prohibited

Punjab Minister for Housing and Urban Development and Chairman Punjab Housing and Town Planning Agency, Syed Raza Ali Gillani has said that construction of plazas in residential areas will not be allowed.
Published 11 Jun, 2004 12:00am
Efforts needed to educate masses about democracy

Efforts needed to educate masses about democracy

Parliamentarians from different political parties on Thursday stressed the need for initiating vigorous efforts to educate and compel the masses to adopt democracy as a culture to end repeated military interventions into the political mainstream of the co
Published 11 Jun, 2004 12:00am
Intellectuals asked to help in educating people

Intellectuals asked to help in educating people

Former foreign minister Sahabzada Yaqub Ali Khan has called upon intellectuals to realise their duties and help "ignite the spark of knowledge" among the masses and thus bring them closer.
Published 11 Jun, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 11 Jun, 2004 12:00am
Textile factory looted

Textile factory looted

A textile factory in the Sindh Industrial Trading Estate (Site) has been deprived of 150 rolls of fabrics and 500 bags of yarn by armed dacoits.
Published 11 Jun, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
'Wastage of water should be avoided at all costs'

'Wastage of water should be avoided at all costs'

Wastage and misuse of water should be avoided at all costs as it was becoming a scarce commodity. Rather water reservoirs should be built urgently to sustain the growth momentum.
Published 11 Jun, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 11 Jun, 2004 12:00am
Notification

Notification

Government of Sindh has notified retirement of DG (Recoveries) KESC, Muhammad Iftikhar Alam on Thursday.
Published 11 Jun, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 11 Jun, 2004 12:00am
EU funding study on Saarc business opportunities

EU funding study on Saarc business opportunities

A European Union (EU) experts team will visit Pakistan from June 16 to 17 to study the business opportunities in the member countries of the South Asian Association for Regional Co-operation (Saarc).
Published 11 Jun, 2004 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
New chief minister urged to give priority to law and order

New chief minister urged to give priority to law and order

Riaz Ahmed Tata, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has proposed to the new Sindh chief minister that he should give top priority to restoration and maintenance of peace in Karachi as this factor is prerequisite f
Published 11 Jun, 2004 12:00am
PIA and CSA sign code-sharing arrangement

PIA and CSA sign code-sharing arrangement

The Pakistan International Airlines (PIA) and the China Southern Airlines (CSA) have signed a Memorandum of Understanding (MoU) here on Thursday.
Published 11 Jun, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
Pharmaceutical: PARKE-DAVIS & COMPANY LIMITED - Year Ended 31-12-2003

Pharmaceutical: PARKE-DAVIS & COMPANY LIMITED - Year Ended 31-12-2003

During the year under review the company registered sales in terms of value at Rs 1.157 billion (2000: Rs 1.069 billion) showing 8.3% growth over the preceding year's. Gross profit at Rs 513.84 million showed increase by 32.9% over the preceding year's GP
Published 11 Jun, 2004 12:00am
Teradata to manage Askari Bank's call center facilities

Teradata to manage Askari Bank's call center facilities

To develop better relationship with customers, the Askari Commercial Bank Limited (ACBL) and Teradata, a division of NCR Corporation, signed an agreement through which NCR will manage call center facilities for the Askari Bank.
Published 11 Jun, 2004 12:00am
Pharmaceutical: PARKE-DAVIS & COMPANY LIMITED - Year Ended 31-12-2003

Pharmaceutical: PARKE-DAVIS & COMPANY LIMITED - Year Ended 31-12-2003

During the year under review the company registered sales in terms of value at Rs 1.157 billion (2000: Rs 1.069 billion) showing 8.3% growth over the preceding year's. Gross profit at Rs 513.84 million showed increase by 32.9% over the preceding year's GP
Published 11 Jun, 2004 12:00am
PQA urged to take note of shipping companies malpractice

PQA urged to take note of shipping companies malpractice

Sheikh Maqbool Ahmed, vice-president, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) called upon the shipping authorities, including the controller of shipping and Port Qasim Authority chairman to take note of the practice of the shippin
Published 11 Jun, 2004 12:00am
THE RUPEE: oil payments push rates down

THE RUPEE: oil payments push rates down

Bearish trend persisted in the open market on Thursday as the rupee extended its fall versus the dollar in the open market, losing 10 paisa in a single day slide for buying and selling at Rs 58.35 and Rs 58.45 respectively.
Published 11 Jun, 2004 12:00am
IT exhibition on June 22

IT exhibition on June 22

The Pakistan Software Export Board is organising "Information Technology's Made in Pakistan Exhibition" here on June 22.
Published 11 Jun, 2004 12:00am
THE RUPEE: oil payments push rates down

THE RUPEE: oil payments push rates down

Bearish trend persisted in the open market on Thursday as the rupee extended its fall versus the dollar in the open market, losing 10 paisa in a single day slide for buying and selling at Rs 58.35 and Rs 58.45 respectively.
Published 11 Jun, 2004 12:00am
59 percent wheat procurement target achieved in Multan

59 percent wheat procurement target achieved in Multan

Food department, Multan region, procured 647,918 tons of wheat at its 67 centres by June 9, said deputy director Arif Raza Bukhari, while this year's procurement target is 1.1 million tons.
Published 11 Jun, 2004 12:00am
Envoy to Sudan named

Envoy to Sudan named

The government has announced appointment of Khalid Hussain Yousfani as Ambassador to the Republic of Sudan.
Published 11 Jun, 2004 12:00am
Water inflows in major rivers unprecedented: Irsa

Water inflows in major rivers unprecedented: Irsa

Unprecedented improvement of water inflows in major rivers of the country especially in Indus, Jhelum and Kabul was recorded owing to increase in snow melting process during the past few days.
Published 11 Jun, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
Election Commission clarifies news item

Election Commission clarifies news item

Election Commission (EC) has clarified the news items that appeared in a section of the press regarding judgement given by the EC declaring elections as null and void from Constituency No NA-240 Karachi-II, NA-246 Karachi-VIII and PS-127 Karachi-XXXIX was
Published 11 Jun, 2004 12:00am
Auqaf department takes custody of three shrines

Auqaf department takes custody of three shrines

The Punjab Auqaf department has taken over shrines of three saints in different provincial districts and assumed charge of property attached with those shrines.
Published 11 Jun, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (June 10) and rates for Friday (June 11, 2004).
Published 11 Jun, 2004 12:00am
Majlis-i-Amal demands removal of Sindh governor

Majlis-i-Amal demands removal of Sindh governor

Muttahida Majlis-i-Amal (MMA) central leader and Jamaat-i-Islami Punjab Amir MNA Liaquat Baloch has demanded immediate resignation of Sindh Governor Dr Ishratul Ibad for maintaining peace in the Karachi.
Published 11 Jun, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
HEC okays $60 million for education uplift

HEC okays $60 million for education uplift

Higher Education Commission (HEC) has approved a sum of 60 million dollar to be spent till 2006 on professional development of education managers, capacity building of teachers and upgradation of educational infrastructure as part of Education Sector Refo
Published 11 Jun, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
Terrorism won't be allowed to prevail: Faisal

Terrorism won't be allowed to prevail: Faisal

Federal Interior Minister Faisal Saleh Hayat said on Thursday cracks had occurred in the terrorist network in Wana and the law-breakers are on the run.
Published 11 Jun, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 10, 2004).
Published 11 Jun, 2004 12:00am
Plea to exempt jewellery exports from sales tax registration

Plea to exempt jewellery exports from sales tax registration

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested that the exports of gems and jewellery should be exempted from registration under the Sales Tax Act 1990, as exporters can neither claim input tax adjustment nor sales tax
Published 11 Jun, 2004 12:00am
AJ&K Council budget by June-end

AJ&K Council budget by June-end

Federal Minister for Water & Power, Kana and Safron, Aftab Ahmed Khan Sherpao has said that AJ&K Council budget would be presented by end-June focusing on development schemes in all the districts.
Published 11 Jun, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (June 10, 2004)
Published 11 Jun, 2004 12:00am
Sindh governor, IGP urged to take note of crime rate in Site area

Sindh governor, IGP urged to take note of crime rate in Site area

M Nisar Shekhani, Chairman Site Association of Industry (SAI) has urged the Sindh Governor and IG Police to take a serious note of the increasing rate of crimes in Site area and be vigilant to deal with such gangs with iron hands.
Published 11 Jun, 2004 12:00am
Key stock market movements at 1700 GMT on June 10

Key stock market movements at 1700 GMT on June 10

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 11 Jun, 2004 12:00am
Sindh governor condemns attack on army convoy

Sindh governor condemns attack on army convoy

Sindh Governor Dr Ishratul Ibad on Thursday strongly condemned firing incident of Clifton in which seven army personnel, three policemen and one civilian embraced martyrdom, here on Thursday morning.
Published 11 Jun, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 11 Jun, 2004 12:00am
Capital markets expect investor-friendly budget

Capital markets expect investor-friendly budget

Financial and capital markets expect a package of incentives to attract investment and boost growth in the budget for the next fiscal year to be announced on Saturday.
Published 11 Jun, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 11 Jun, 2004 12:00am
Majlis-i-Amal demands removal of Sindh governor and CEC

Majlis-i-Amal demands removal of Sindh governor and CEC

The acting President of MMA and Amir Jamaat-i-Islami Pakistan, Qazi Hussain Ahmed has demanded immediate removal of Governor Sindh Ishratul Ibad and Chief Election Commissioner (CEC) Irshad Hassan Khan.
Published 11 Jun, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (June 10) and the forecast for Friday (June 11, 2004).
Published 11 Jun, 2004 12:00am
Fazl condemns terrorism act in Karachi

Fazl condemns terrorism act in Karachi

Opposition leader in the National Assembly and Muttahida Majlis-i-Amal (MMA) secretary-general Maulana Fazlur Rehman has condemned terrorist attack in Karachi and termed it a conspiracy to sabotage coming by-polls in the city.
Published 11 Jun, 2004 12:00am
LHC upholds conviction of Dr Azhar

LHC upholds conviction of Dr Azhar

A division bench of the Lahore High Court (LHC) upheld the decision of an accountability court convicting Dr Azhar Atta on the charges of drawing 40 Daewoo racer cars by presenting fictitious documents, and failing to pay about Rs 12.2 million to the fina
Published 11 Jun, 2004 12:00am
Altaf condemns attack on Corps Commander

Altaf condemns attack on Corps Commander

MQM chief Altaf Hussain said on Thursday that the elements behind ambush on Corps Commander Corps-5 were the same involved in attacks on President General Pervez Musharraf and the recent acts of terrorism in Karachi.
Published 11 Jun, 2004 12:00am
Petition against Musharraf returned

Petition against Musharraf returned

The Lahore High Court (LHC) again returned the petition filed by Qasim Zia President PPPP Punjab and Leader of Opposition in the Punjab Assembly against President of Pakistan.
Published 11 Jun, 2004 12:00am
ICMAP seminar on career counselling on June 12

ICMAP seminar on career counselling on June 12

The Institute of Cost and Management Accounting of Pakistan (ICMAP) is organising a seminar on "Free students' career counselling" on Saturday (June 12) at the ICMAP head office here.
Published 11 Jun, 2004 12:00am
Wasa criticised

Wasa criticised

Secretary General 'The Founders' at the Lahore Chamber of Commerce and Industry (LCCI) Mian Muhammad Usman has criticised Wasa and other civic agencies for launching anti encroachment drive against traders of Hall Road and Beadon Road.
Published 11 Jun, 2004 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) Thursday put off the proceedings in a petition against the five additional judges of the LHC without hearing, as the court was busy in other cases.
Published 11 Jun, 2004 12:00am
First Pakistani trade caravan to Tajikistan inaugurated

First Pakistani trade caravan to Tajikistan inaugurated

Punjab Industries, Trade and Investment Minister Muhammad Ajmal Cheema inaugurated the "First Pakistani Trade Caravan to Tajikistan" here on Thursday, carrying Pakistani products to be displayed at "Made in Pakistan" exhibition being organised by the Laho
Published 11 Jun, 2004 12:00am
PS exports 30,000 tonnes of granulated slag to Sharjah

PS exports 30,000 tonnes of granulated slag to Sharjah

Pakistan Steel has exported 30,000 tones of granulated slag to Sharjah as raw material for cement industry, while another 30,000 tones of the material is in pipeline for shipment in next couple of days.
Published 11 Jun, 2004 12:00am
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