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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-18
Rs 185.324 billion Punjab budget unveiled

Rs 185.324 billion Punjab budget unveiled

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak on Thursday presented tax-free provincial budget for 2004-05 with total outlay of Rs 185.324 billion, showing a surplus of Rs 34.65 billion in the Punjab Assembly.
Published 18 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
Stamp duty reduced, transfer, duplicate fee enhanced

Stamp duty reduced, transfer, duplicate fee enhanced

In the Punjab Budget 2004-05, houses measuring up to 5 marlas in certain areas, used for residential purposes, have been exempted from the levy of property tax, while stamp duty on Memorandum and Articles of Association of Companies has been abolished.
Published 18 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
Rs 43.44 billion for Annual Development Programme

Rs 43.44 billion for Annual Development Programme

The Punjab government has allocated Rs 43.44 billion for the Annual Development Programme (ADP) 2004-05 with main focus on accelerating economic growth, poverty alleviation, and consolidation of existing physical and social infrastructure.
Published 18 Jun, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
Rs 43.44 billion for Annual Development Programme

Rs 43.44 billion for Annual Development Programme

The Punjab government has allocated Rs 43.44 billion for the Annual Development Programme (ADP) 2004-05 with main focus on accelerating economic growth, poverty alleviation, and consolidation of existing physical and social infrastructure.
Published 18 Jun, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
Rs 43.44 billion for Annual Development Programme

Rs 43.44 billion for Annual Development Programme

The Punjab government has allocated Rs 43.44 billion for the Annual Development Programme (ADP) 2004-05 with main focus on accelerating economic growth, poverty alleviation, and consolidation of existing physical and social infrastructure.
Published 18 Jun, 2004 12:00am
Rs 185.324 billion Punjab budget unveiled

Rs 185.324 billion Punjab budget unveiled

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak on Thursday presented tax-free provincial budget for 2004-05 with total outlay of Rs 185.324 billion, showing a surplus of Rs 34.65 billion in the Punjab Assembly.
Published 18 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 Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
Rs 185.324 billion Punjab budget unveiled

Rs 185.324 billion Punjab budget unveiled

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak on Thursday presented tax-free provincial budget for 2004-05 with total outlay of Rs 185.324 billion, showing a surplus of Rs 34.65 billion in the Punjab Assembly.
Published 18 Jun, 2004 12:00am
Ghazi Barotha project to be operational in July

Ghazi Barotha project to be operational in July

Five units of the Ghazi Barotha hydel power project will start full-fledged power generation from early next month to meet power demand in the country, besides significant reduction in the tariff, Business Recorder reliably learnt here on Thursday.
Published 18 Jun, 2004 12:00am
Ghazi Barotha project to be operational in July

Ghazi Barotha project to be operational in July

Five units of the Ghazi Barotha hydel power project will start full-fledged power generation from early next month to meet power demand in the country, besides significant reduction in the tariff, Business Recorder reliably learnt here on Thursday.
Published 18 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 Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
Pact signed for $75 million USAID assistance

Pact signed for $75 million USAID assistance

United States Agency for International Development (USAID) has provided $75 million to Pakistan as grant assistance to help reduce poverty from the country.
Published 18 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 Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
KSE equities tumble

KSE equities tumble

The share prices fell across the board as selling pressure from financial institutions and brokerage houses ignited it whereas the government was still indecisive about the capital value tax (CTV) proposed in the Federal Budget for 2004-05.
Published 18 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 Thursday (June 17, 2004).
Published 18 Jun, 2004 12:00am
KSE equities tumble

KSE equities tumble

The share prices fell across the board as selling pressure from financial institutions and brokerage houses ignited it whereas the government was still indecisive about the capital value tax (CTV) proposed in the Federal Budget for 2004-05.
Published 18 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 18 Jun, 2004 12:00am
SBP circular on branch licensing policy issued

SBP circular on branch licensing policy issued

The State Bank of Pakistan (SBP) on Thursday issued a comprehensive circular containing all the instructions about the SBP''s Branch Licensing Policy.
Published 18 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 18 Jun, 2004 12:00am
Dollar pares gains after Baghdad blast

Dollar pares gains after Baghdad blast

The dollar lost some of its previous day's gains on Thursday on reports that a car bomb had exploded near a US military base in Baghdad, killing 25 people and wounding dozens more.
Published 18 Jun, 2004 12:00am
Rs 319 million for industries, mines and TEVTA

Rs 319 million for industries, mines and TEVTA

The Punjab government has allocated a sum of Rs 319 million for the industries, mines & mineral and TEVTA in the budget for the year 2004-05 which is 6 percent higher than the last year's allocation of Rs 300 million.
Published 18 Jun, 2004 12:00am
Infrastructure allocation up 145 percent

Infrastructure allocation up 145 percent

In line with the government's policy and proposed 10-year prospective plan, the Punjab government has assigned high priority to infrastructure development enhancing allocation by 145 percent to Rs 7442.71 in the financial year 2004-05 as compared to Rs 32
Published 18 Jun, 2004 12:00am
Infrastructure allocation up 145 percent

Infrastructure allocation up 145 percent

In line with the government's policy and proposed 10-year prospective plan, the Punjab government has assigned high priority to infrastructure development enhancing allocation by 145 percent to Rs 7442.71 in the financial year 2004-05 as compared to Rs 32
Published 18 Jun, 2004 12:00am
The Sindh budget

The Sindh budget

The Sindh Finance Minister, Syed Sardar Ahmad, presented the budget for the fiscal year 2004-2005 in the provincial assembly on Wednesday (June 16), which may be described as a bold exercise in public finance.
Published 18 Jun, 2004 12:00am
The Sindh budget

The Sindh budget

The Sindh Finance Minister, Syed Sardar Ahmad, presented the budget for the fiscal year 2004-2005 in the provincial assembly on Wednesday (June 16), which may be described as a bold exercise in public finance.
Published 18 Jun, 2004 12:00am
Prevention is better than punishment

Prevention is better than punishment

Chairing a high level meeting in Karachi on Tuesday in the wake of several terrorist attacks in the city, President General Pervez Musharraf urged the judiciary to speed up the disposal of cases of terrorism.
Published 18 Jun, 2004 12:00am
Building the architecture for peace and stability

Building the architecture for peace and stability

There are indications that despite the recent change of government in India the direction and tone set by the Islamabad Declaration during the SAARC summit in January 2004 are likely to be maintained.
Published 18 Jun, 2004 12:00am
Canada heading for uneasy, short-lived government

Canada heading for uneasy, short-lived government

Canadian voters are set to abandon 25 years of political stability and elect a parliament so divided that the new government will be an uneasy alliance given little chance of lasting more than 18 months.
Published 18 Jun, 2004 12:00am
Water shortage in Sindh

Water shortage in Sindh

I have gone through the contents of the letter of Salim D. Dadabhoy published in your daily, dated 4-6-04.
Published 18 Jun, 2004 12:00am
Late but not too late

Late but not too late

At last, after a long wait the safari park was opened on Tuesday, 15 June 2004. During the summer vacations, this was s good news for the children as well as for the parents.
Published 18 Jun, 2004 12:00am
Using mobile phones when driving

Using mobile phones when driving

While the Punjab government has stated that it will not ban the use of mobile phones while driving on city roads and provincial highways, the Sindh government is considering an amendment in the Provincial Motor Vehicle Ordinance to ban the use of mobile p
Published 18 Jun, 2004 12:00am
Qayyum wants roadmap for resolution of Kashmir issue

Qayyum wants roadmap for resolution of Kashmir issue

Concrete steps should be taken in Indian occupied Kashmir to create congenial atmosphere for the dialogue process between India and Pakistan, said former president AJK Sardar Abdul Qayyum Khan.
Published 18 Jun, 2004 12:00am
Cotton sowing in full swing

Cotton sowing in full swing

The sowing of cotton, silver fiber of Pakistan's economy, is going at rapid pace across the country, and growers of Punjab, Sindh and Balochistan provinces have so far achieved 95 percent of their respective sowing target, while NWFP farmers have complete
Published 18 Jun, 2004 12:00am
Rs 366 million reserved for IT sector

Rs 366 million reserved for IT sector

The Punjab government has allocated an amount of Rs 366 million for promotion of Information Technology under the Annual Development Programme (ADP) in the provincial budget 2004-2005, which is 59 percent higher than the last year's allocation of Rs 230 m
Published 18 Jun, 2004 12:00am
Rs 366 million reserved for IT sector

Rs 366 million reserved for IT sector

The Punjab government has allocated an amount of Rs 366 million for promotion of Information Technology under the Annual Development Programme (ADP) in the provincial budget 2004-2005, which is 59 percent higher than the last year's allocation of Rs 230 m
Published 18 Jun, 2004 12:00am
Rs 366 million reserved for IT sector

Rs 366 million reserved for IT sector

The Punjab government has allocated an amount of Rs 366 million for promotion of Information Technology under the Annual Development Programme (ADP) in the provincial budget 2004-2005, which is 59 percent higher than the last year''s allocation of Rs 230
Published 18 Jun, 2004 12:00am
Budget people-friendly, says Pervaiz

Budget people-friendly, says Pervaiz

Chief Minister Punjab Chaudhry Pervaiz Ellahi has said that provincial budget for 2004-05 is people friendly budget in which main focus was made on extending relief to poor masses.
Published 18 Jun, 2004 12:00am
Rs 500 million for justice sector

Rs 500 million for justice sector

With a view to providing quality services in the Justice Sector the Punjab government has allocated Rs 500 million in ADP 2004-05.
Published 18 Jun, 2004 12:00am
Rs 500 million for justice sector

Rs 500 million for justice sector

With a view to providing quality services in the Justice Sector the Punjab government has allocated Rs 500 million in ADP 2004-05.
Published 18 Jun, 2004 12:00am
Opposition slams Punjab budget

Opposition slams Punjab budget

Leader of the opposition in Punjab Assembly Qasim Zia has said that the Punjab government is deceiving the people of the province by misleading them through wrong facts and figures.
Published 18 Jun, 2004 12:00am
Poverty and economic uplift main focus

Poverty and economic uplift main focus

With focus on poverty alleviation and improving economic lot of poor masses, the Punjab governments has taken various steps in the Punjab budget for the year 2004-05.
Published 18 Jun, 2004 12:00am
Poverty and economic uplift main focus

Poverty and economic uplift main focus

With focus on poverty alleviation and improving economic lot of poor masses, the Punjab governments has taken various steps in the Punjab budget for the year 2004-05.
Published 18 Jun, 2004 12:00am
US MIDDAY: gold rises on inflation data

US MIDDAY: gold rises on inflation data

COMEX gold rose Thursday morning on worries about mounting inflation pressures, but traders said they would not get overly confident on golds outlook until it climbed above $390 an ounce.
Published 18 Jun, 2004 12:00am
US MIDDAY: copper rises on recent selling

US MIDDAY: copper rises on recent selling

COMEX copper rose Thursday morning on the back of a weaker dollar as well as strength in Asian and European markets overnight, though traders said the moves were primarily speculative and technical after recent selling had overshot to the downside.
Published 18 Jun, 2004 12:00am
US MIDDAY: soyabeans move both ways

US MIDDAY: soyabeans move both ways

Chicago Board of Trade soyabean futures were mixed on Thursday as November/July and August/July spreads pressured the nearby contract, traders said.
Published 18 Jun, 2004 12:00am
US MIDDAY: corn down on selling

US MIDDAY: corn down on selling

Corn futures at the Chicago Board of Trade turned lower early on Thursday on selling by speculators and on a fall from the day's highs in neighbouring soy, traders said.
Published 18 Jun, 2004 12:00am
US MIDDAY: sugar at two-week high

US MIDDAY: sugar at two-week high

NYBOT raw sugar futures bounded to its best finish in over two weeks on Thursday due to speculative fund and trade buying, with operators betting on a further advance in the days ahead, brokers said.
Published 18 Jun, 2004 12:00am
US MIDDAY: cocoa lower on speculative selling

US MIDDAY: cocoa lower on speculative selling

NYBOT cocoa futures ended slightly lower on Thursday as speculative selling gave way to trade buying later in the day that allowed prices to partially recover from steeper losses as the dearth of market-moving news will likely keep futures held in range-b
Published 18 Jun, 2004 12:00am
Nickel strong on LME, ends around two-month peak

Nickel strong on LME, ends around two-month peak

Nickel prices rose sharply during frenetic Thursday trade on the London Metal Exchange (LME) leaping $1,095 a tonne, or some 8.5 percent, to close at $14,000 a tonne for the first time since early April.
Published 18 Jun, 2004 12:00am
Gold firms in Europe, glued to euro-dollar moves

Gold firms in Europe, glued to euro-dollar moves

Gold advanced in Europe on Thursday as it closely tracked euro-dollar moves, with dealers expecting the market to trade towards the higher end of familiar ranges amid speculation over the pace of US interest rate rises.
Published 18 Jun, 2004 12:00am
London cocoa ends lower

London cocoa ends lower

London cocoa futures closed about one percent lower on Thursday after weakening on origin selling and speculators liquidating front month positions although solid industry buying prevented a longer slide, dealers said.
Published 18 Jun, 2004 12:00am
New York cotton settles firmer

New York cotton settles firmer

NYCE cotton futures rebounded to a firm finish Thursday on buying by small speculators as fund and options-related selling which pummeled the market down to a one-year low yesterday appeared to have exhausted itself for the moment, brokers said.
Published 18 Jun, 2004 12:00am
USDA donates 10,500 tonnes US rice to Senegal

USDA donates 10,500 tonnes US rice to Senegal

The US Agriculture Department will donate 10,500 tonnes of rice to Counterpart International, a private voluntary organisation, for use in Senegal, the department said on Thursday.
Published 18 Jun, 2004 12:00am
Oil prices jump on concerns over Iraq outage

Oil prices jump on concerns over Iraq outage

Oil prices jumped more than a dollar on Thursday as fears mounted that disruptions to Iraq's oil exports due to sabotage attacks could tighten the global market while the United States struggles to build up fuel supplies for summer driving season.
Published 18 Jun, 2004 12:00am
Rains grow profit hopes for Canada grain handlers

Rains grow profit hopes for Canada grain handlers

Canada's two largest grain companies said they hope ample rains will mean bountiful crops and better bottom lines this year, after both trimmed quarterly losses on Thursday.
Published 18 Jun, 2004 12:00am
Foot-and-mouth disease found in Brazil

Foot-and-mouth disease found in Brazil

Foot-and-mouth disease has been found in cattle in northern Brazil, the first case of the disease for 34 months in the country with the world's biggest commercial herd, the agriculture ministry said on Thursday.
Published 18 Jun, 2004 12:00am
Britain's top share index closes higher

Britain's top share index closes higher

Britain's FTSE-100 share index eked out a third day of gains on Thursday, held aloft by strong retailers and miners, although Marks & Spencer ran out of steam after rejecting tycoon Philip Green's new take-over bid.
Published 18 Jun, 2004 12:00am
Bonds: Marks and Spencer pondered, World Bank sells

Bonds: Marks and Spencer pondered, World Bank sells

Marks & Spencer took centre stage in a subdued European corporate bond market on Thursday after the British retailer rejected a second take-over offer from entrepreneur Philip Green.
Published 18 Jun, 2004 12:00am
Bonds: Marks and Spencer pondered, World Bank sells

Bonds: Marks and Spencer pondered, World Bank sells

Marks & Spencer took centre stage in a subdued European corporate bond market on Thursday after the British retailer rejected a second take-over offer from entrepreneur Philip Green.
Published 18 Jun, 2004 12:00am
Indian shares bounce back

Indian shares bounce back

Indian shares bounced on Thursday as funds swooped in to pick up cheap-looking shares. The 30-issue Mumbai Stock Exchange index rose 1.07 percent to 4,839.88 points, off the day's low of 4,746.51 points.
Published 18 Jun, 2004 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks slipped on Thursday after a key gauge of inflation rose at its fastest pace in a year and more deadly violence rocked Iraq.
Published 18 Jun, 2004 12:00am
Swiss franc rises across the board

Swiss franc rises across the board

The Swiss franc rose across the board on Thursday after the central bank delivered its first interest rate rise in four years, while the dollar fell victim to a wave of demand for the yen and new security concerns in Iraq.
Published 18 Jun, 2004 12:00am
Sterling broadly firmer

Sterling broadly firmer

Sterling was broadly firmer on Thursday, finding support from better-than-expected domestic retail sales data, though a late dollar rally pared its gains.
Published 18 Jun, 2004 12:00am
US responded clumsily to 9/11 attack

US responded clumsily to 9/11 attack

US aviation and military officials responded clumsily to the September 11 attacks and a White House order to shoot down hijacked planes did not reach Air Force jets until after the last airliner had crashed, a special commission said on Thursday.
Published 18 Jun, 2004 12:00am
Bush insists on Saddam relationship with al Qaeda

Bush insists on Saddam relationship with al Qaeda

US President George W. Bush on Thursday insisted Saddam Hussein had a relationship with al Qaeda but said his administration never asserted that the former Iraqi president had a role in the Sept. 11, 2001, attacks.
Published 18 Jun, 2004 12:00am
World refugee tally falls to lowest in a decade: UN

World refugee tally falls to lowest in a decade: UN

The global number of refugees and other people who have fled their homes fell by 18 percent to just over 17 million last year, the lowest level in a decade, the UN refugee agency said Thursday.
Published 18 Jun, 2004 12:00am
Rumsfeld ordered Iraqi prisoner to be held off the books

Rumsfeld ordered Iraqi prisoner to be held off the books

US Defence Secretary Donald Rumsfeld, acting at the request of the CIA, ordered that a suspected Iraqi insurgent leader be detained off the books to conceal his identity from the International Committee of the Red Cross (ICRC), the Pentagon confirmed Thur
Published 18 Jun, 2004 12:00am
Thousands walk for peace in Sri Lanka

Thousands walk for peace in Sri Lanka

Nearly 50,000 people marched through Sri Lanka's northern Jaffna city on Thursday in a protest backed by the Tamil Tigers, urging the government to resume peace talks based on a rebel proposal for self-rule, witnesses said.
Published 18 Jun, 2004 12:00am
Dutroux found guilty in Belgian sex crimes case

Dutroux found guilty in Belgian sex crimes case

Marc Dutroux, Belgium's most reviled man, was found guilty on Thursday of kidnapping and raping six girls and killing four of them in a trial that has gripped the country for months.
Published 18 Jun, 2004 12:00am
Ben Jelloun wins major literary prize

Ben Jelloun wins major literary prize

Moroccan author Tahar Ben Jelloun scooped one of the world's richest book prizes on Thursday, the IMPAC Dublin Literary Award.
Published 18 Jun, 2004 12:00am
'Big Three' submit resolution on Iran's nuclear plan

'Big Three' submit resolution on Iran's nuclear plan

Britain, France, and Germany submitted a resolution at the UN atomic agency Thursday calling for a 15-month-old investigation into Iran's nuclear activities to be stepped up and for Tehran to do more to help it complete the probe within a few months, agen
Published 18 Jun, 2004 12:00am
UN admits mistake in Iran nuclear report

UN admits mistake in Iran nuclear report

The UN nuclear watchdog was forced to make an embarrassing admission on Thursday, that it had wrongly accused Iran of withholding information about imports of potentially weapons-related technology.
Published 18 Jun, 2004 12:00am
UN admits mistake in Iran nuclear report

UN admits mistake in Iran nuclear report

The UN nuclear watchdog was forced to make an embarrassing admission on Thursday, that it had wrongly accused Iran of withholding information about imports of potentially weapons-related technology.
Published 18 Jun, 2004 12:00am
Israel launches Gaza moat plan

Israel launches Gaza moat plan

Israel set in motion a plan on Thursday to dig a moat along the Gaza-Egypt border, inviting contractor bids for the project meant to prevent arms reaching Palestinian militants through tunnels.
Published 18 Jun, 2004 12:00am
UN aide warns Caterpillar over sales to Israel

UN aide warns Caterpillar over sales to Israel

The sale of bulldozers by Caterpillar Inc to the Israeli military could violate Palestinians' human rights, a UN human rights investigator has warned the US heavy equipment maker.
Published 18 Jun, 2004 12:00am
UK rotates Iraq troops, puts off expansion decision

UK rotates Iraq troops, puts off expansion decision

Britain announced a rotation of troops in southern Iraq on Thursday but again put off declaring whether to send thousands more and take on a greatly expanded security role.
Published 18 Jun, 2004 12:00am
Russia and China lead regional summit on Afghanistan

Russia and China lead regional summit on Afghanistan

The leaders of Russia, China and four Central Asian republics vowed to step up their anti-terrorism efforts and promised Afghanistan's visiting President Hamid Karzai greater economic co-operation in a bid to bring peace to his country.
Published 18 Jun, 2004 12:00am
British trade union breaks links with Labour

British trade union breaks links with Labour

A British trade union voted Thursday to end an eight-decade official link with Prime Minister Tony Blair's Labour Party, severing another of the party's ties with its working class roots.
Published 18 Jun, 2004 12:00am
UN repeats call for Nato's Afghan expansion

UN repeats call for Nato's Afghan expansion

The United Nations again asked Nato on Thursday to expand its peacekeeping force in Afghanistan to boost security ahead of September elections.
Published 18 Jun, 2004 12:00am
Koizumi pitches Iraq multinational force to public

Koizumi pitches Iraq multinational force to public

Japan will take part in a multinational force in Iraq, Prime Minister Junichiro Koizumi said on Thursday, appealing to voters to support the controversial plan in an Upper House election next month.
Published 18 Jun, 2004 12:00am
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