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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-12
Zarine re-appointed FWBL president

Zarine re-appointed FWBL president

The government on Friday re-appointed Ms Zarine Aziz as president of the First Women Bank Limited (FWBL) for another two years.
Published 12 Jun, 2004 12:00am
Zarine re-appointed FWBL president

Zarine re-appointed FWBL president

The government on Friday re-appointed Ms Zarine Aziz as president of the First Women Bank Limited (FWBL) for another two years.
Published 12 Jun, 2004 12:00am
Aetna and Cigna subpoenaed by New York's Spitzer on fees

Aetna and Cigna subpoenaed by New York's Spitzer on fees

Aetna Inc and Cigna Corp, two of the largest US health insurers, on Friday said they received subpoenas as part of the New York attorney general's investigation into fees insurers pay brokers as an incentive.
Published 12 Jun, 2004 12:00am
Aetna and Cigna subpoenaed by New York's Spitzer on fees

Aetna and Cigna subpoenaed by New York's Spitzer on fees

Aetna Inc and Cigna Corp, two of the largest US health insurers, on Friday said they received subpoenas as part of the New York attorney general's investigation into fees insurers pay brokers as an incentive.
Published 12 Jun, 2004 12:00am
Developing states seek more time for tariff withdrawal

Developing states seek more time for tariff withdrawal

The developing countries have sought further time for withdrawing protective tariff for its industries while the developed countries want zero tariff under the World Trade Organisation (WTO) regime.
Published 12 Jun, 2004 12:00am
Developing states seek more time for tariff withdrawal

Developing states seek more time for tariff withdrawal

The developing countries have sought further time for withdrawing protective tariff for its industries while the developed countries want zero tariff under the World Trade Organisation (WTO) regime.
Published 12 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 12 Jun, 2004 12:00am
Key shift in Russia military command

Key shift in Russia military command

Russian Defence Minister Sergei Ivanov, a key ally of President Vladimir Putin, scored a vital win Friday in his faltering bid to reform the military when parliament handed him operational control of the army.
Published 12 Jun, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 12 Jun, 2004 12:00am
India wants to rapidly build up ties with US: Powell

India wants to rapidly build up ties with US: Powell

India's new left-leaning government wants to rapidly build up ties with the United States, Secretary of State Colin Powell said Thursday after talks with Indian counterpart Natwar Singh.
Published 12 Jun, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
Rs 19.61 billion lost due to tax exemptions

Rs 19.61 billion lost due to tax exemptions

The government suffered a loss of Rs 19.61 billion on account of tax exemptions given to various sectors during 2003-04, against Rs 23.29 billion in 2002-03.
Published 12 Jun, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
Tax and tariff reforms have started paying dividends

Tax and tariff reforms have started paying dividends

The wide-range tax and tariff reforms, including improvement in the tax administration have started paying dividends in the form of higher tax collection and fiscal consolidation, Economic Survey 2003-04 issued here on Friday said.
Published 12 Jun, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
Petroleum products consumption registers 23.3 percent decline

Petroleum products consumption registers 23.3 percent decline

The Economic Survey issued by Finance Minister Shaukat Aziz here on Friday conceded that consumption of petroleum products has registered decline of 23.3 percent, whereas other sources of energy showed increase during 2002-03.
Published 12 Jun, 2004 12:00am
4.9 percent food inflation: government claim disproved by SPI

4.9 percent food inflation: government claim disproved by SPI

The government's claim that food inflation during 10 months of the current year (July 03 to April 04) at 4.9 percent is not substantiated by the rising trend shown in the Sensitive Price Indicators (SPI) released by the Federal Bureau of Statistics every
Published 12 Jun, 2004 12:00am
Foreign debts amounted to $35.846 billion in March

Foreign debts amounted to $35.846 billion in March

Pakistan's total external debt and foreign exchange liabilities amounted $35.846 billion up to March 2004, showing an increase of about one percent over the level of $35.474 billion recorded at end-June 2003, says the Economic Survey of Pakistan, 2003-04.
Published 12 Jun, 2004 12:00am
New offensive against al Qaeda launched

New offensive against al Qaeda launched

Pakistan declared a new offensive against al-Qaeda-linked fighters on its north-west border on Friday, pounding an al Qaeda training camp and hideouts used by fugitive foreign fighters in a major air and ground campaign.
Published 12 Jun, 2004 12:00am
Health outlay estimated at Rs 32.1 billion

Health outlay estimated at Rs 32.1 billion

The total outlay on health during 2003-04 is estimated at Rs 32.1 billion, showing 13.8 percent increase over the last year, Economic Survey 2003-04 launched here on Friday said.
Published 12 Jun, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
KSE market capitalisation up by 80.3 percent in nine months

KSE market capitalisation up by 80.3 percent in nine months

Karachi Stock Exchange (KSE) share index and aggregate market capitalisation of 12 different sectors increased by 50.1 percent and 80.3 percent, respectively, in the first nine months of the outgoing fiscal year, against 53.4 percent and 44.7 percent in t
Published 12 Jun, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
Reforms to expedite refunds payment

Reforms to expedite refunds payment

The new sales tax refund system would maintain taxpayers' profiles based on multi tax data of the regular refund claimant and their suppliers to expedite refund payment to the exporters from next fiscal (2004-2005).
Published 12 Jun, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
President and Prime Minister take stock of economic situation

President and Prime Minister take stock of economic situation

President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali, who met here on Friday afternoon, took stock of the economic situation in the context of the forthcoming budget and discussed various proposals in this regard.
Published 12 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
President and Prime Minister take stock of economic situation

President and Prime Minister take stock of economic situation

President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali, who met here on Friday afternoon, took stock of the economic situation in the context of the forthcoming budget and discussed various proposals in this regard.
Published 12 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 11, 2004).
Published 12 Jun, 2004 12:00am
DoCoMo sees growth in Asia, data traffic

DoCoMo sees growth in Asia, data traffic

Japan's dominant mobile phone operator NTT DoCoMo Inc seeks new growth opportunities in Asia and sees data services as key to revenue growth in coming years, its outgoing chief executive said on Friday.
Published 12 Jun, 2004 12:00am
Arbab for comprehensive law and order strategy

Arbab for comprehensive law and order strategy

Sindh Chief Minister Dr Arbab Ghulam Rahim has called for a comprehensive and co-ordinated steps and strategy to control law and order in the province besides keeping a vigilant eye on criminals, terrorists and anti-state elements.
Published 12 Jun, 2004 12:00am
Wee-hour tinkling to know about law and order

Wee-hour tinkling to know about law and order

Sindh Chief Minister Dr Arbab Ghulam Rahim on Friday at 5 am awakened the regional police officers and DIGs of Hyderabad and Sukkur regions and inquired about law and order conditions in their respective jurisdictions.
Published 12 Jun, 2004 12:00am
NCHD workshop concludes

NCHD workshop concludes

A five-day workshop on "Planning and Budgeting" for executive district officers of Mardan, Mansehra and Karrak concluded here on Friday.
Published 12 Jun, 2004 12:00am
Police told to show respect to national flag

Police told to show respect to national flag

Sindh Chief Minister Dr Arbab Ghulam Rahim has issued directive to the police to show due respect to the national flag and fulfil their responsibilities in this regard.
Published 12 Jun, 2004 12:00am
Grappling with the car prices issue

Grappling with the car prices issue

Caught between a strong public demand to do something about the high car prices and the automobile industry's persistent refusal to reduce the prices of its merchandise, the government had threatened to allow the import of reconditioned cars.
Published 12 Jun, 2004 12:00am
Zamir Niazi

Zamir Niazi

A committed journalist, a jealous champion of freedom of the press, a meticulous chronicler of the oreals of the press, and other epithets easily come to mind; all true, yet none would adequately describe Zamir Niazi, who passed away on Friday morning.
Published 12 Jun, 2004 12:00am
CBR to use consensus on tax issues

CBR to use consensus on tax issues

The Chairman of the Central Board of Revenue Abdullah Yusuf has announced the policy decision that all tax-related issues should be discussed by the CBR Members at the Board-in-Council.
Published 12 Jun, 2004 12:00am
London wheat ends up

London wheat ends up

London wheat futures closed higher in modest volume on Friday, with new crop prices buoyed by limited domestic consumer interest, dealers said.
Published 12 Jun, 2004 12:00am
US markets closed

US markets closed

Stocks and commodity exchanges in New York remained shut on Friday for the state funeral of former US President Ronald Reagan.
Published 12 Jun, 2004 12:00am
LME base metals end volatile week on softer note

LME base metals end volatile week on softer note

Tin prices came under further pressure during Friday afternoon's London Metal Exchange (LME) open outcry sessions, while most other metals also drifted lower after a bout of fund selling the previous day hurt sentiment, traders said.
Published 12 Jun, 2004 12:00am
Brazil tightens soya sanitary norms to appease China

Brazil tightens soya sanitary norms to appease China

Brazil, the world's No 2 soya producer, issued tighter sanitary standards for soyabean exports on Friday to restore the image of its main farm export after China rejected several shipments on sanitary grounds.
Published 12 Jun, 2004 12:00am
London cocoa price attract German industry

London cocoa price attract German industry

German industry bought cocoa this week as London prices remained relatively low but the stronger pound restricted business, traders said on Friday.
Published 12 Jun, 2004 12:00am
Gold under pressure in Europe as dollar recovers

Gold under pressure in Europe as dollar recovers

Gold was pressured on Friday in Europe as the dollar built a head of steam against major counterparts after comments from a US Federal reserve official fanned expectations of higher interest rates, dealers said.
Published 12 Jun, 2004 12:00am
London cocoa touch lower, seeks direction

London cocoa touch lower, seeks direction

London cocoa futures ended a touch lower on Friday after hedging and spread-trading activity in a narrow range, and with Liffe unable to draw any inspiration from New York, dealers said.
Published 12 Jun, 2004 12:00am
London coffee ends weaker despite fund support

London coffee ends weaker despite fund support

London coffee futures closed slightly weaker on Friday despite technically inspired fund buying in a session otherwise subdued by the closure of New York, dealers said.
Published 12 Jun, 2004 12:00am
London sugar slips

London sugar slips

London sugar futures closed lower after a largely steady session in light, mainly routine trade on Friday and dealers said the market would likely remain in a range.
Published 12 Jun, 2004 12:00am
JP Morgan cuts nickel price forecast by 14 percent

JP Morgan cuts nickel price forecast by 14 percent

J.P. Morgan said on Friday it had revised down its price forecast for nickel in 2004 by 14 percent to $5.97 a lb ($13,160/tonne), while it cut its estimate for gold prices by 10 percent to $400 a troy ounce.
Published 12 Jun, 2004 12:00am
Oil falls as Nigerian unions end strike

Oil falls as Nigerian unions end strike

Oil prices eased on Friday as Nigerian unions called off a general strike without disruption to supply from Africa's biggest oil exporter.
Published 12 Jun, 2004 12:00am
Weather still favours rebound in EU grain output

Weather still favours rebound in EU grain output

Weather in Europe still favours a sharp rebound in grain production this season, but concerns remain about dryness in France and pests in Britain, analysts said on Friday.
Published 12 Jun, 2004 12:00am
Colombian banana workers end strike over pay

Colombian banana workers end strike over pay

Thousands of banana workers in Colombia, the world's largest third-largest exporter of the fruit, returned to their jobs on Friday after a 15-day strike ended with a new wage agreement, a union official said.
Published 12 Jun, 2004 12:00am
Britain's top share index falls in thin trade

Britain's top share index falls in thin trade

Britain's top shares dipped on Friday as weakness in financial stocks, including hedge fund Man Group, and a drop in British Airways weighed, although stronger oil shares offset losses as crude oil remained firm.
Published 12 Jun, 2004 12:00am
LVMH grabs attention in quiet bond market

LVMH grabs attention in quiet bond market

French luxury goods maker LVMH was the only show in town on Friday, selling a 600 million euro bond into a market becalmed by a US holiday which provided an early start to the weekend.
Published 12 Jun, 2004 12:00am
LVMH grabs attention in quiet bond market

LVMH grabs attention in quiet bond market

French luxury goods maker LVMH was the only show in town on Friday, selling a 600 million euro bond into a market becalmed by a US holiday which provided an early start to the weekend.
Published 12 Jun, 2004 12:00am
Dollar hits three-week high against euro

Dollar hits three-week high against euro

The dollar hit a three-week high versus the euro and gained one percent against several major currencies on Friday after comments from a Federal Reserve official stoked expectations of higher US interest rates.
Published 12 Jun, 2004 12:00am
Sterling falls against dollar

Sterling falls against dollar

Sterling fell more than one percent against the dollar on Friday as the greenback surged higher across the board, and reversed early gains on the euro after retesting a two-month high.
Published 12 Jun, 2004 12:00am
World leaders praise Reagan at state funeral

World leaders praise Reagan at state funeral

World leaders past and present paid emotional tribute Thursday to Ronald Reagan as a Cold War warrior and champion of liberty in a solemn, elaborate funeral service that climaxed six days of national mourning for the late president.
Published 12 Jun, 2004 12:00am
South African neo-Nazi leader freed

South African neo-Nazi leader freed

South African white extremist leader Eugene Terre Blanche was freed from prison on Friday and immediately mounted a black stallion for a victory parade greeted by both cheers and jeers.
Published 12 Jun, 2004 12:00am
Imam of Makkah leads Friday prayers in London

Imam of Makkah leads Friday prayers in London

The Imam of the Grand Mosque of Makkah led prayers for inter-faith peace and harmony in London on Friday, part of the inauguration of Western Europe's largest Islamic cultural centre.
Published 12 Jun, 2004 12:00am
Congo government thwarts attempted coup

Congo government thwarts attempted coup

Congo security forces put down a coup attempt on Friday by members of President Joseph Kabila's personal guard, the presidential spokesman said.
Published 12 Jun, 2004 12:00am
Bosnian Serbs admit Srebrenica massacre

Bosnian Serbs admit Srebrenica massacre

Bosnian Serbs admitted for the first time on Friday that their forces had killed several thousand Muslims in the 1995 Srebrenica massacre, saying the perpetrators had tried to cover up the worst atrocity in Europe since World War II.
Published 12 Jun, 2004 12:00am
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