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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-22
Palestinian security chief vows to keep order in Gaza

Palestinian security chief vows to keep order in Gaza

Palestinian security forces have drafted a plan to assume control of Israeli settlements and military installations in the Gaza Strip after an Israeli pullout, a senior Palestinian security commander said.
Published 22 Jun, 2004 12:00am
US and Malaysia mend fences over Malacca Straits

US and Malaysia mend fences over Malacca Straits

Malaysia and the United States mended fences Monday after an angry dispute over protecting international shipping against terrorist attacks in the vital Malacca Straits.
Published 22 Jun, 2004 12:00am
Britain probes alleged mutilation of Iraqis

Britain probes alleged mutilation of Iraqis

Military police were Monday investigating claims that British soldiers mutilated the bodies of Iraqi insurgents after a firefight in British-occupied southern Iraq last month.
Published 22 Jun, 2004 12:00am
Arms exporters must enforce their own rules: Oxfam

Arms exporters must enforce their own rules: Oxfam

Arms exporting nations must enforce their own rules and not sell weapons to countries who are paying with money diverted from health or social policies, international aid organisation Oxfam said on Tuesday.
Published 22 Jun, 2004 12:00am
Thousands gather for summer solstice

Thousands gather for summer solstice

Thousands of druids, revellers and the simply curious witnessed a cloud-obscured sunrise at Stonehenge on Monday during an annual pilgrimage to the site to celebrate the summer solstice, the longest day of the year.
Published 22 Jun, 2004 12:00am
US ambassador to Britain steps down

US ambassador to Britain steps down

The US embassy in Britain confirmed Monday the resignation of ambassador William Farish, saying he would leave his post next month after less than three years in the job.
Published 22 Jun, 2004 12:00am
Iranian F-14 fighter crashes: two dead

Iranian F-14 fighter crashes: two dead

An Iranian Air Force F-14 fighter plane has crashed during a training flight, killing the two crew on board, the official news agency IRNA reported Monday.
Published 22 Jun, 2004 12:00am
Pope chides Spain's Zapatero on moral issues

Pope chides Spain's Zapatero on moral issues

Pope John Paul on Monday told Spain's new Socialist prime minister, whose government plans to legalise gay marriage, that Spain had to conserve ethical and moral values rooted in its Christian culture.
Published 22 Jun, 2004 12:00am
Sars may spread through tears: doctors

Sars may spread through tears: doctors

Severe Acute Respiratory Syndrome (SARS) virus has been found in tears, a discovery that poses a major challenge for health workers, according to a Singaporean study published on Monday.
Published 22 Jun, 2004 12:00am
Confession to wife was worst day in office: Clinton

Confession to wife was worst day in office: Clinton

Bill Clinton's worst day in office came when he admitted to his wife the affair with a White House intern that would threaten his marriage and his presidency, the former president said in a television interview promoting his memoirs on Sunday.
Published 22 Jun, 2004 12:00am
UN conducts first seminar devoted to anti-Semitism

UN conducts first seminar devoted to anti-Semitism

Secretary General Kofi Annan opens the first United Nations conference on Monday dedicated entirely to anti-Semitism, a scourge Jewish leaders say has deliberately been neglected by the world body.
Published 22 Jun, 2004 12:00am
French Parliamentarians walk out as Trichet speaks English

French Parliamentarians walk out as Trichet speaks English

French deputies walked out of the Council of Europe's Parliamentary Assembly on Monday when their compatriot Jean-Claude Trichet, head of the European Central Bank, began addressing a meeting in English.
Published 22 Jun, 2004 12:00am
Hungary's oldest lawyer wins 55-year-old appeal

Hungary's oldest lawyer wins 55-year-old appeal

Hungary's oldest working solicitor won an appeal on Monday against a verdict handed down in 1949 at a showcase Communist trial when his client, a Catholic priest, was jailed over his handling of church funds.
Published 22 Jun, 2004 12:00am
Afghan polls need more Nato troops by end-July: UN

Afghan polls need more Nato troops by end-July: UN

More Nato troops will be needed in Afghanistan by the end of July along with a surge in disarmament of factional militias if security is to be sufficient for elections in September, the United Nations said on Monday.
Published 22 Jun, 2004 12:00am
South Korea vows to send Iraq troops

South Korea vows to send Iraq troops

South Korea will not be deterred from its plan to send 3,000 troops to help rebuild Iraq despite a threat from Muslim militants to behead a South Korean hostage shown pleading for his life, the government said on Monday.
Published 22 Jun, 2004 12:00am
Militants threaten to kill hostage

Militants threaten to kill hostage

Muslim militants in Iraq threatened to behead a South Korean hostage by Monday night unless his country scrapped plans to send 3,000 more troops - a demand rejected by Seoul.
Published 22 Jun, 2004 12:00am
Japan nuclear plant finds radiation contamination

Japan nuclear plant finds radiation contamination

Some radiation contamination was detected on Monday at a nuclear fuel reprocessing facility at Tokaimura, the site of Japan's worst nuclear accident, but there was no leak to the outside environment, officials said.
Published 22 Jun, 2004 12:00am
Maoists abduct over 1,000 youths

Maoists abduct over 1,000 youths

Maoists rebels have abducted more than 1,000 youths from 60 villages in western Nepal and are forcing them to undergo training in guerrilla activities, an official said Monday.
Published 22 Jun, 2004 12:00am
Rebel gun-battles in Ivory Coast leave dozen dead

Rebel gun-battles in Ivory Coast leave dozen dead

Gun-battles between rival rebel factions in northern Ivory Coast left a dozen dead, officials said Monday, stepping up a power struggle that has compounded 20 months of tensions in the divided west African state.
Published 22 Jun, 2004 12:00am
Chinese yuan ends unchanged

Chinese yuan ends unchanged

The yuan ended unchanged versus the US dollar at 8.2765 on Monday, remaining near the stronger end of its managed trading range.
Published 22 Jun, 2004 12:00am
Oil slides $1 as Iraq resumes some exports

Oil slides $1 as Iraq resumes some exports

Oil prices fell more than a dollar on Monday as Iraq resumed limited crude exports from its southern terminals after a six-day halt caused by sabotage attacks.
Published 22 Jun, 2004 12:00am
Gold weaker in choppy trade

Gold weaker in choppy trade

Gold see-sawed either side of unchanged in Europe on Monday afternoon, although many dealers remained upbeat on the likelihood of further gains towards $400 an ounce this week, despite the metal having stalled earlier in the day.
Published 22 Jun, 2004 12:00am
New York cotton at year low

New York cotton at year low

NYCE cotton futures crumbled from speculative and options-related sales to end Monday at more than a one-year low, with further losses likely as investors roll out of July before first notice day on Thursday, brokers said.
Published 22 Jun, 2004 12:00am
LME nickel higher on fund interest

LME nickel higher on fund interest

London Metal Exchange (LME) nickel and aluminium closed firmer at Monday's kerb finding favour with the funds, analysts and traders said.
Published 22 Jun, 2004 12:00am
FTSE-100 dip halts fourth-day climb

FTSE-100 dip halts fourth-day climb

Britain's top shares dipped on Monday to halt a four-day winning run as oil and telecoms stocks eased and bank Lloyds TSB drifted after its margins were knocked by tough industry competition.
Published 22 Jun, 2004 12:00am
Bonds: spreads tighten, focus shifts to new deals

Bonds: spreads tighten, focus shifts to new deals

European corporate bonds started the week slightly higher in average value, although activity was limited, with the focus on details of forthcoming deals from borrowers such as TUI and Cadbury Schweppes.
Published 22 Jun, 2004 12:00am
Bonds: spreads tighten, focus shifts to new deals

Bonds: spreads tighten, focus shifts to new deals

European corporate bonds started the week slightly higher in average value, although activity was limited, with the focus on details of forthcoming deals from borrowers such as TUI and Cadbury Schweppes.
Published 22 Jun, 2004 12:00am
Notice issued to NAB chairman

Notice issued to NAB chairman

The Lahore High Court (LHC) has issued notice to Chairman National Accountability Bureau (NAB) in an appeal filed by former Federal Minister, Haji Muhammad Nawaz Khokhar challenging the decision of an Accountability Court AC against him.
Published 22 Jun, 2004 12:00am
Oil slips but mounting supply woes keep prices high

Oil slips but mounting supply woes keep prices high

US oil prices eased slightly on Monday under pressure from the expiry of the prompt futures contract, but brokers said ongoing supply disruptions were likely to keep the market firmly above $35 a barrel.
Published 22 Jun, 2004 12:00am
Yen broadly higher against dollar and euro

Yen broadly higher against dollar and euro

The yen rose to eight-week highs against the dollar on Monday and seven-week peaks versus the euro on the back of strong Tokyo equities gains and expectations for a firming interest rate picture in Japan.
Published 22 Jun, 2004 12:00am
Sterling yields to recovering dollar

Sterling yields to recovering dollar

Sterling gave up ground to the dollar but steered a steady course against the euro on Monday as dealers awaited minutes from the Bank of England's latest policy meeting for clues on the future path of interest rates.
Published 22 Jun, 2004 12:00am
US and EU reach final accord in satellites row

US and EU reach final accord in satellites row

The United States and the European Union have reached a final accord on resolving a transatlantic row over rival satellite positioning systems and will seal the deal at the US-EU summit this week in Ireland, officials from both sides said Monday.
Published 22 Jun, 2004 12:00am
South Korea comes up with 'flexible' North Korea plan

South Korea comes up with 'flexible' North Korea plan

North Korea and the United States disagreed on the opening day on Monday of six-way working talks on how to end Pyongyang's nuclear programmes while South Korea offered aid to the struggling North in return for progress.
Published 22 Jun, 2004 12:00am
Bomb at Bangladesh rally wounds 50

Bomb at Bangladesh rally wounds 50

Nearly 50 people were wounded when a bomb exploded on Monday at an opposition rally in Bangladesh's north-eastern district of Sunamganj, witnesses and private television networks said.
Published 22 Jun, 2004 12:00am
Policeman killed, UN worker hurt in Afghan attack

Policeman killed, UN worker hurt in Afghan attack

A policeman was killed and an Afghan UN worker wounded when gunmen attacked a UN electoral vehicle in southern Afghanistan on Monday, hours after a UN electoral office was attacked with rockets.
Published 22 Jun, 2004 12:00am
Powerful typhoon kills 5 in Japan and South Korea

Powerful typhoon kills 5 in Japan and South Korea

Powerful typhoon Dianmu tore through South Korea and western Japan on Monday, lashing a wide area with strong winds and heavy rains, killing at least five people.
Published 22 Jun, 2004 12:00am
Iran must master nuclear fuel cycle: Khamenei

Iran must master nuclear fuel cycle: Khamenei

Iran's supreme leader Ayatollah Ali Khamenei said on Monday that it was essential for the Islamic republic to master the nuclear fuel cycle, but again denied the country was seeking to develop nuclear weapons.
Published 22 Jun, 2004 12:00am
Russian Muftis denounce US Middle East plan

Russian Muftis denounce US Middle East plan

The Russian Council of Muftis on Monday strongly criticised the US plan to bring about democratic reform to the Middle East, saying it constituted a crusade against Muslims.
Published 22 Jun, 2004 12:00am
UBL TFCs get 'A' rating

UBL TFCs get 'A' rating

The JCR-VIS Credit Rating Company Limited has finalised the rating of United Bank Limited (UBL)'s TFCs at A (single A) with a 'stable' outlook upon examination of the legal documents.
Published 22 Jun, 2004 12:00am
UBL TFCs get 'A' rating

UBL TFCs get 'A' rating

The JCR-VIS Credit Rating Company Limited has finalised the rating of United Bank Limited (UBL)'s TFCs at A (single A) with a 'stable' outlook upon examination of the legal documents.
Published 22 Jun, 2004 12:00am
Shaheen Air sold to Canadian company

Shaheen Air sold to Canadian company

Shaheen Air International, a subsidiary of Shaheen Foundation PAF, has been fully sold to Tava International Inc (a Canada-based company) under an agreement recently concluded.
Published 22 Jun, 2004 12:00am
Plgmea assured of payment against claims in July

Plgmea assured of payment against claims in July

All pending refund claims of the Golf category will be paid by first week of July, and the exporters, having ordinary category, will receive their claims, submitted by May 15, by the same time.
Published 22 Jun, 2004 12:00am
Pak-Oman ratings reaffirmed

Pak-Oman ratings reaffirmed

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has reaffirmed entity ratings of Pak-Oman Investment Company (Private) Limited (Pak-Oman) at 'AA+' (Double A Plus) for medium to long-term and 'A 1+' (A One Plus) for short term.
Published 22 Jun, 2004 12:00am
Pak-Oman ratings reaffirmed

Pak-Oman ratings reaffirmed

JCR-VIS Credit Rating Co Ltd (JCR-VIS) has reaffirmed entity ratings of Pak-Oman Investment Company (Private) Limited (Pak-Oman) at 'AA+' (Double A Plus) for medium to long-term and 'A 1+' (A One Plus) for short term.
Published 22 Jun, 2004 12:00am
FPCCI seeks meeting with Shaukat and Abdullah

FPCCI seeks meeting with Shaukat and Abdullah

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Riaz Ahmed Tata has urged Finance Minister Shaukat Aziz and chairman of Central Board of Revenue (CBR) Abdullah Yusuf to hold meeting with members of the FPCCI on Wednesday (June 2
Published 22 Jun, 2004 12:00am
TCF assigned 'GR-8' governance rating

TCF assigned 'GR-8' governance rating

The JCR-VIS Credit Rating Co Ltd (JCR-VIS) has assigned a non-profit organisation (NPO) governance rating of GR-8 to The Citizens Foundation (TCF).
Published 22 Jun, 2004 12:00am
No scientist missing: Rashid

No scientist missing: Rashid

Brushing aside the allegations that some of missing Pakistani scientists were in North Korea, Minister for Information Sheikh Rashid Ahmed on Monday said "this is baseless and unfounded allegation."
Published 22 Jun, 2004 12:00am
Piaf hails senators

Piaf hails senators

Pakistan Industrial & Traders Associations Front (Piaf) Chairman Muhammad Ali Mian has hailed senators for raising voice against ban on import of used Autoparts, disparity in duties on finished and raw material and for abolition of discretionary powers of
Published 22 Jun, 2004 12:00am
9/11 attacks: Pakistan rejects insinuations

9/11 attacks: Pakistan rejects insinuations

Pakistan on Sunday "strongly rejected the insinuations," made by the 9/11 Commission that Pakistan, in any way, was involved with the perpetration of the horrific 9/11 attacks.
Published 22 Jun, 2004 12:00am
Nuclear talks success ends uncertainty: Masood

Nuclear talks success ends uncertainty: Masood

Foreign Office Spokesman Masood Khan has said that following successful conclusion of the talks round between India and Pakistan on nuclear CBMs, the environment of uncertainty ended now.
Published 22 Jun, 2004 12:00am
Kasuri in Qingdao for ACD moot

Kasuri in Qingdao for ACD moot

Foreign Minister Khurshid Mahmud Kasuri arrived in Qingdao, a coastal city in east China's Shandong province, on Sunday to attend the two-day Asian Co-operation Dialogue (ACD).
Published 22 Jun, 2004 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 22 Jun, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 22 Jun, 2004 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 22 Jun, 2004 12:00am
Punjab University holds workshop for Islamic Studies teachers

Punjab University holds workshop for Islamic Studies teachers

Punjab University's Sheikh Zaiyed Islamic Centre in collaboration with the Learning and Innovation Division of Higher Education Commission (HEC) arranged a six-day workshop on 'In-Service Training Course in Islamic Studies for University/Degree College Te
Published 22 Jun, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 21, 2004).
Published 22 Jun, 2004 12:00am
PLF files review plea in Shahbaz case

PLF files review plea in Shahbaz case

Pakistan Lawyers' Forum (PLF) has filed an appeal before the Lahore High Court (LHC) against the decision of a its single bench, dismissing the petition against the action of the respondent government of ousting former Punjab Chief Minister and President
Published 22 Jun, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 22 Jun, 2004 12:00am
Survey for treatment plants started, Sindh Assembly told

Survey for treatment plants started, Sindh Assembly told

Sindh Finance Minister Sardar Ahmed on Monday said that River Indus from Kotri to Kinjhar Lake suffers from indiscriminate discharge of untreated industrial and domestic effluent into the KB Feeder which has turned its waters poisonous.
Published 22 Jun, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 22 Jun, 2004 12:00am
Arrest of Suharwardi's killers demanded

Arrest of Suharwardi's killers demanded

People Lawyers Forum (PLF) in its meeting in connection with the birthday of Chairperson Pakistan Peoples Party, Benazir Bhutto has called upon the government to immediately arrest the culprits involved in the murder of senior party leader, Munawar Suharw
Published 22 Jun, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 22 Jun, 2004 12:00am
People advised to keep interaction with legislators

People advised to keep interaction with legislators

Acting Governor Syed Muzaffar Hussain Shah has called upon the people to interact with the members of the provincial and national assemblies on day-to-day issues such as ongoing discussion on the national and provincial budget proposals so that their view
Published 22 Jun, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (June 21, 2004).
Published 22 Jun, 2004 12:00am
CBR to consider Senate proposals in Finance Bill 2004

CBR to consider Senate proposals in Finance Bill 2004

The Central Board of Revenue (CBR) will take up only those Senate recommendations which relate to the amendments in the Finance Bill 2004, official sources told Business Recorder here on Monday.
Published 22 Jun, 2004 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Monday (June 21, 2004).
Published 22 Jun, 2004 12:00am
Three killed and 6 injured in road mishap

Three killed and 6 injured in road mishap

At least three person including a woman lost their lives here on Monday when a Peshawar-bound passenger bus collided head on with a wagon near Pakistan Railway Carriage Factory.
Published 22 Jun, 2004 12:00am
MMA walks out against Rahila's conduct of business

MMA walks out against Rahila's conduct of business

Muttahida Majlis-i-Amal MPAs in the Sindh Assembly on Monday protested and walked out against Deputy Speaker Rahila Tiwana presiding over the session as her election as the deputy speaker is still being contested in the court.
Published 22 Jun, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (June 21, 2004).
Published 22 Jun, 2004 12:00am
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