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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-07-12
PPL shares subscription from July 19

PPL shares subscription from July 19

The Privatisation Commission (PC) is initiating subscription for the sale of Pakistan Petroleum Limited (PPL) shares from July 19 to July 22, 2004 during banking hours at the government's offer price of Rs 55 per share.
Published 12 Jul, 2004 12:00am
Three TFCs to hit debt market in 2 months

Three TFCs to hit debt market in 2 months

The country''s debt market will see appearance of as much as three term finance certificates (TFCs) in the first two months of the new fiscal year because of slightly higher interest rates.
Published 12 Jul, 2004 12:00am
Three TFCs to hit debt market in 2 months

Three TFCs to hit debt market in 2 months

The country's debt market will see appearance of as much as three term finance certificates (TFCs) in the first two months of the new fiscal year because of slightly higher interest rates.
Published 12 Jul, 2004 12:00am
Three TFCs to hit debt market in 2 months

Three TFCs to hit debt market in 2 months

The country's debt market will see appearance of as much as three term finance certificates (TFCs) in the first two months of the new fiscal year because of slightly higher interest rates.
Published 12 Jul, 2004 12:00am
KSE-100 index continues to move upward

KSE-100 index continues to move upward

Buying spree might resume in the coming weeks as full-year financial results are around the corner and investors would bet on those companies which have good dividend paying history, hoping that the market would surge sharply on slightly better volumes.
Published 12 Jul, 2004 12:00am
KSE-100 index continues to move upward

KSE-100 index continues to move upward

Buying spree might resume in the coming weeks as full-year financial results are around the corner and investors would bet on those companies which have good dividend paying history, hoping that the market would surge sharply on slightly better volumes.
Published 12 Jul, 2004 12:00am
Relief to Fata and Pata ghee units irks PVMA

Relief to Fata and Pata ghee units irks PVMA

The federal government has provided partial relief to vegetable ghee and cooking oil units located in Fata and Pata by allowing them to clear their import consignments without payment of 15 percent excise duty.
Published 12 Jul, 2004 12:00am
Relief to Fata and Pata ghee units irks PVMA

Relief to Fata and Pata ghee units irks PVMA

The federal government has provided partial relief to vegetable ghee and cooking oil units located in Fata and Pata by allowing them to clear their import consignments without payment of 15 percent excise duty.
Published 12 Jul, 2004 12:00am
Lending to private sector crosses Rs 290 billion

Lending to private sector crosses Rs 290 billion

The private sector credit offtake from banks and other financial institutions crossed the Rs 290 billion level during eleven-and-a-half months of last fiscal year because tremendous growth heralded in textile, auto, engineering, cement and food groups.
Published 12 Jul, 2004 12:00am
Lending to private sector crosses Rs 290 billion

Lending to private sector crosses Rs 290 billion

The private sector credit offtake from banks and other financial institutions crossed the Rs 290 billion level during eleven-and-a-half months of last fiscal year because tremendous growth heralded in textile, auto, engineering, cement and food groups.
Published 12 Jul, 2004 12:00am
Five killed, 34 injured in Herat bomb blast

Five killed, 34 injured in Herat bomb blast

A bomb blast killed at least five people and wounded 34 in the western Afghan city of Herat on Sunday, raising fresh concerns about security for elections in October.
Published 12 Jul, 2004 12:00am
Five killed, 34 injured in Herat bomb blast

Five killed, 34 injured in Herat bomb blast

A bomb blast killed at least five people and wounded 34 in the western Afghan city of Herat on Sunday, raising fresh concerns about security for elections in October.
Published 12 Jul, 2004 12:00am
Five US soldiers killed in Iraq

Five US soldiers killed in Iraq

A US soldier and an Iraqi civilian were killed when a roadside bomb hit an army convoy in northern Iraq on Sunday, the US military said, adding that in Fallujah four more US soldiers were killed in a vehicle accident.
Published 12 Jul, 2004 12:00am
Five US soldiers killed in Iraq

Five US soldiers killed in Iraq

A US soldier and an Iraqi civilian were killed when a roadside bomb hit an army convoy in northern Iraq on Sunday, the US military said, adding that in Fallujah four more US soldiers were killed in a vehicle accident.
Published 12 Jul, 2004 12:00am
Musharraf attends wedding of Turkish Prime Minister's daughter

Musharraf attends wedding of Turkish Prime Minister's daughter

President Pervez Musharraf, Jordan's King Abdullah II, and prime ministers Costas Karamanlis of Greece and Adrian Nastase of Romania were in attendance on Sunday at the wedding of Turkish Prime Minister Recep Tayyip Erdogan's daughter.
Published 12 Jul, 2004 12:00am
Cement sector to show steady growth this year

Cement sector to show steady growth this year

The cement sector is to maintain steady growth in the new fiscal year because of higher local demand and exports to Afghanistan as the companies are still utilising 90 percent of their installed capacity.
Published 12 Jul, 2004 12:00am
Cement sector to show steady growth this year

Cement sector to show steady growth this year

The cement sector is to maintain steady growth in the new fiscal year because of higher local demand and exports to Afghanistan as the companies are still utilising 90 percent of their installed capacity.
Published 12 Jul, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (July 11) and the forecast for Monday (July 12, 2004).
Published 12 Jul, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (July 05 to July 10, 2004).
Published 12 Jul, 2004 12:00am
Cement: PIONEER CEMENT LIMITED - Nine Months Ended March 31 2004

Cement: PIONEER CEMENT LIMITED - Nine Months Ended March 31 2004

Pioneer Cement Limited (PCL) is one of the constituent members of Noor Group of Companies. PCL was incorporated in the province of Punjab on February 09, 1986. Its manufacturing facilities are located at Jauharabad, District Khushab in the province of Pun
Published 12 Jul, 2004 12:00am
Cement: PIONEER CEMENT LIMITED - Nine Months Ended March 31 2004

Cement: PIONEER CEMENT LIMITED - Nine Months Ended March 31 2004

Pioneer Cement Limited (PCL) is one of the constituent members of Noor Group of Companies. PCL was incorporated in the province of Punjab on February 09, 1986. Its manufacturing facilities are located at Jauharabad, District Khushab in the province of Pun
Published 12 Jul, 2004 12:00am
Egypt interbank rate stable

Egypt interbank rate stable

The median overnight interbank rate on the Egyptian pound stayed at 11-1/2 percent on Sunday, with pound demand static as banks waited for the result of a central bank deposit auction, traders said.
Published 12 Jul, 2004 12:00am
Cairo stocks rise on new prime minister's selection

Cairo stocks rise on new prime minister's selection

News that former Communications Minister Ahmed Nazif will be the country's new prime minister pushed up Egyptian stocks on Sunday, including Media Production City which has fallen in recent sessions, traders said.
Published 12 Jul, 2004 12:00am
Etisalat posts 16 percent rise in first-half profits

Etisalat posts 16 percent rise in first-half profits

State-owned Emirati telecoms corporation Etisalat announced Sunday net profits of 1.71 billion dirhams ($465 million) in the first six months of this year, up 16 percent on the same period in 2003.
Published 12 Jul, 2004 12:00am
Etisalat posts 16 percent rise in first-half profits

Etisalat posts 16 percent rise in first-half profits

State-owned Emirati telecoms corporation Etisalat announced Sunday net profits of 1.71 billion dirhams ($465 million) in the first six months of this year, up 16 percent on the same period in 2003.
Published 12 Jul, 2004 12:00am
Indian shares seen up on earnings; bonds drift

Indian shares seen up on earnings; bonds drift

Indian shares are expected to rise this week following an investor-friendly budget and quarterly earnings, while the bond market awaits clarification on a proposal to tax purchases routed through exchanges.
Published 12 Jul, 2004 12:00am
Hong Kong shares seen steady, focus on newcomers

Hong Kong shares seen steady, focus on newcomers

Hong Kong's main share index is expected to remain in a tight range this week, despite the lure of two market debutants, as investors wait for the first-half corporate earnings season.
Published 12 Jul, 2004 12:00am
Asian currencies make small gains on greenback

Asian currencies make small gains on greenback

Asian currencies made small gains against the US dollar in the past week as the greenback remained weak against the yen ahead of Japan's upper house election on Sunday.
Published 12 Jul, 2004 12:00am
Schemaventotto to sell 10-12 percent Autostrade stake

Schemaventotto to sell 10-12 percent Autostrade stake

Autostrade's controlling shareholder plans to place a 10-12 percent stake in the Italian toll road operator with institutional investors by Monday, according to newspaper reports on Sunday.
Published 12 Jul, 2004 12:00am
Schemaventotto to sell 10-12 percent Autostrade stake

Schemaventotto to sell 10-12 percent Autostrade stake

Autostrade's controlling shareholder plans to place a 10-12 percent stake in the Italian toll road operator with institutional investors by Monday, according to newspaper reports on Sunday.
Published 12 Jul, 2004 12:00am
Taiwan stocks seen steady before second quarter results

Taiwan stocks seen steady before second quarter results

Taiwan stocks are expected to trade in a narrow range this week, with an eye on major US tech firms that report quarterly earnings, after many Taiwan tech hardware companies posted weak June sales.
Published 12 Jul, 2004 12:00am
Eurostocks: techs to lead down on profit concerns

Eurostocks: techs to lead down on profit concerns

European stock markets are expected to weaken further this week amidst worries that earnings from companies such as mobile phone giant Nokia may miss expectations.
Published 12 Jul, 2004 12:00am
M&S and Sainsbury to lead UK stock market

M&S and Sainsbury to lead UK stock market

The battle for retailer Marks & Spencer will again grab UK stock market headlines this week as the firm's new CEO, Stuart Rose, sets out his plans for revitalising the ailing business.
Published 12 Jul, 2004 12:00am
Green wants decision on M&S bid within days

Green wants decision on M&S bid within days

Philip Green, the British retail tycoon stalking Marks and Spencer, said Sunday shareholders had just days left to decide whether to back his take-over proposal for the troubled retailer.
Published 12 Jul, 2004 12:00am
Green wants decision on M&S bid within days

Green wants decision on M&S bid within days

Philip Green, the British retail tycoon stalking Marks and Spencer, said Sunday shareholders had just days left to decide whether to back his take-over proposal for the troubled retailer.
Published 12 Jul, 2004 12:00am
Rand strength to dominate South African stocks market

Rand strength to dominate South African stocks market

The robust rand will rule South Africa's stock market next week, in the absence of major local corporate and economic news, with investors keen to see if it will strengthen through the 6/dollar level, traders said.
Published 12 Jul, 2004 12:00am
Labour disputes rattle world metal markets

Labour disputes rattle world metal markets

Labour disputes are spooking global metals markets and sending metals and mining shares on a roller-coaster ride, but analysts see the disruption as short term and are more concerned about global economic growth.
Published 12 Jul, 2004 12:00am
Banking crisis looms over Russia again

Banking crisis looms over Russia again

The threat of a banking crisis again looms over Russia as increased capital flight and plunging retailer confidence have forced several banks to shut their doors and others to slap unprecedented measures to stem fund haemorrhaging.
Published 12 Jul, 2004 12:00am
Yukos offers government $7.5 billion for tax settlement

Yukos offers government $7.5 billion for tax settlement

Embattled Russian oil firm Yukos has offered $7.5 billion to settle its tax arrears bill on condition it be given three years to pay, Interfax news agency quoted a senior Yukos source as saying on Sunday.
Published 12 Jul, 2004 12:00am
Yukos offers government $7.5 billion for tax settlement

Yukos offers government $7.5 billion for tax settlement

Embattled Russian oil firm Yukos has offered $7.5 billion to settle its tax arrears bill on condition it be given three years to pay, Interfax news agency quoted a senior Yukos source as saying on Sunday.
Published 12 Jul, 2004 12:00am
ACP bloc seeks 'fully multilateral' global trade

ACP bloc seeks 'fully multilateral' global trade

Trade ministers from African, Caribbean and Pacific (ACP) countries worked Sunday to hammer out a joint position on global trade to protect their mainly agriculture-based economies in hard-ball negotiations with the world's most powerful nations.
Published 12 Jul, 2004 12:00am
Eurozone data seen confirming inflation past peak

Eurozone data seen confirming inflation past peak

Eurozone data to be released this week is expected to show that inflation slowed slightly in June from a peak of 2.5 percent reached in May on surging oil prices, economists said.
Published 12 Jul, 2004 12:00am
UK spending review to set election battleground

UK spending review to set election battleground

Britain's Chancellor of the Exchequer Gordon Brown's spending review on Monday will set the battle lines for the next general election over how much government can and should do to improve public services.
Published 12 Jul, 2004 12:00am
France, Italy and Spain would co-fund EU rebates

France, Italy and Spain would co-fund EU rebates

France, Italy and Spain would pay most for European Union budget rebates to Britain, Germany, the Netherlands and Sweden under proposals to be adopted by the European Commission on Wednesday.
Published 12 Jul, 2004 12:00am
Rajhi bank first-half net profit up

Rajhi bank first-half net profit up

Al Rajhi Banking and Investment Corp, Saudi Arabia's largest listed bank, said on Sunday its first-half net profit rose to 1.37 billion riyals ($365.3 million), up 49.5 percent from a year earlier.
Published 12 Jul, 2004 12:00am
Rajhi bank first-half net profit up

Rajhi bank first-half net profit up

Al Rajhi Banking and Investment Corp, Saudi Arabia's largest listed bank, said on Sunday its first-half net profit rose to 1.37 billion riyals ($365.3 million), up 49.5 percent from a year earlier.
Published 12 Jul, 2004 12:00am
Iranian annual inflation rate edges up

Iranian annual inflation rate edges up

Iran's consumer price index rose 14.2 percent in the year to May 20, up slightly from the previous month, despite a sharp fall in the monthly inflation rate, Central Bank figures showed on Sunday.
Published 12 Jul, 2004 12:00am
Maoist rebels bomb telecoms office

Maoist rebels bomb telecoms office

Maoist rebels gunned down a grocer and hurled a pipe bomb at a telecommunications office in weekend violence in and around the Nepalese capital Kathmandu, officials said Sunday.
Published 12 Jul, 2004 12:00am
Pro-Saddam march in Baquba

Pro-Saddam march in Baquba

Hundreds of Iraqis demonstrated on Sunday in support of ousted President Saddam Hussein in the town of Baquba, north-east of Baghdad, witnesses said.
Published 12 Jul, 2004 12:00am
WMD materials still a concern, Iraq security chief says

WMD materials still a concern, Iraq security chief says

Iraq's national security advisor warned Sunday that "dangerous materials" that could be used by terrorists in the manufacture of so-called dirty bombs might remain in the country despite the US-led coalition's failure to find any banned weapons.
Published 12 Jul, 2004 12:00am
Sri Lankan president's party wins local poll

Sri Lankan president's party wins local poll

Sri Lankan President Chandrika Kumaratunga's leftist coalition swept key local council elections which were marked by an unusually low turnout, officials here said Sunday.
Published 12 Jul, 2004 12:00am
World AIDS forum opens to warnings and protest

World AIDS forum opens to warnings and protest

The world's largest global forum on AIDS opened here on Sunday amid dire warnings that a shortage of cash and lack of leadership threatened a health crisis in the world's most populous continent of Asia.
Published 12 Jul, 2004 12:00am
Truck hits wedding party, 17 killed

Truck hits wedding party, 17 killed

A truck crashed into a house packed with guests at a wedding reception in Indonesia on Sunday, killing 17 and injuring 13, a police official said.
Published 12 Jul, 2004 12:00am
Iran does not fear nuclear dossier being referred to UN

Iran does not fear nuclear dossier being referred to UN

Iran, facing allegations it is secretly trying to build an atomic bomb, dismissed Sunday calls by its archfoes for the dossier on its nuclear activities to be sent to the UN Security Council.
Published 12 Jul, 2004 12:00am
Bush abused power over Iraq: Karry

Bush abused power over Iraq: Karry

Democratic presidential hopeful John Kerry and his newly named running mate John Edwards on Sunday accused President George W. Bush of misleading America and abusing power in taking the nation to war in Iraq.
Published 12 Jul, 2004 12:00am
Floods kill dozens in south Asia, millions homeless

Floods kill dozens in south Asia, millions homeless

The mighty Brahmaputra river, swollen by rain and a Himalayan burst dam, has flooded huge swathes of north India and Bangladesh, killing dozens and forcing millions to seek refuge on higher ground.
Published 12 Jul, 2004 12:00am
More than 20 killed in eastern Congo fighting

More than 20 killed in eastern Congo fighting

Congolese troops have killed at least 23 Rwandan Hutu militiamen who attacked them at two locations in eastern Democratic Republic of Congo over the weekend, the local military commander said on Sunday.
Published 12 Jul, 2004 12:00am
Sharon orders work to continue on barrier

Sharon orders work to continue on barrier

Israel defied a world court ruling against its West Bank barrier by ordering building work to continue on Sunday as the Palestinians decided to hold off pushing for a UN resolution against the structure until after the US presidential elections.
Published 12 Jul, 2004 12:00am
Srebrenica relatives bury dead

Srebrenica relatives bury dead

Some 20,000 Bosnian Muslims gathered in Srebrenica on Sunday to bury newly identified victims of the 1995 massacre and demand justice for the victims of Europe's worst atrocity since World War Two.
Published 12 Jul, 2004 12:00am
Philippine insurgencies fester in poverty, graft

Philippine insurgencies fester in poverty, graft

For the Philippines, at war with itself for decades, peace is a faint hope despite bold pledges by President Gloria Macapagal Arroyo to end conflicts with communist and Muslim rebels during the six years of her new term.
Published 12 Jul, 2004 12:00am
Qaradawi addresses London conference

Qaradawi addresses London conference

Outspoken Muslim cleric Yussef al-Qaradawi addressed some 3,000 people at a London conference Sunday as he continued a controversial visit to Britain.
Published 12 Jul, 2004 12:00am
Zimbabwe farmers aid Zambia farming revival

Zimbabwe farmers aid Zambia farming revival

After a decade of ruin in the 1990s, Zambia's agriculture sector is enjoying a renaissance -- due partly to an influx of white farmers from neighbouring Zimbabwe.
Published 12 Jul, 2004 12:00am
Pak Suzuki's return to shareholders

Pak Suzuki's return to shareholders

I am a small investor in the KSE. The recent speculative hype attracted me to the stock market but did not force me to opt for mere speculation. Before investing my lifetime fortunes, I carried out a detailed analysis of available investment options, incl
Published 12 Jul, 2004 12:00am
Cultural heritage also not free from encroachers

Cultural heritage also not free from encroachers

Every day one reads of municipal bodies and city governments taking action against people who have encroached upon public roads and newspaper flash pictures of their goods and chattels being taken away in trucks.
Published 12 Jul, 2004 12:00am
Maleeha's name included in Asian WHO's WHO International

Maleeha's name included in Asian WHO's WHO International

Pakistan's High Commissioner to the UK Dr Maleeha Lodhi's name has been included in the latest 16th edition of Asian WHO's WHO International for her contribution to the intellectual, social and cultural life of Britain.
Published 12 Jul, 2004 12:00am
Computer balloting

Computer balloting

Computer balloting for the shares, as it is done by different companies, is a hoax and a big fraud. Can somebody answer me this question?
Published 12 Jul, 2004 12:00am
Exit of Jamali

Exit of Jamali

There is a lot of speculation why ex-Prime Minister Jamali was ousted. The different people are expressing different opinions in the press.
Published 12 Jul, 2004 12:00am
National character

National character

Leaders in the civilised world talk to their nationals with humility and thus earn for themselves a place of honour in their hearts and minds.
Published 12 Jul, 2004 12:00am
Budget in Parliament: articulation of alternative ideas missing

Budget in Parliament: articulation of alternative ideas missing

The Federal Budget for the year 2004-05 was rushed through the National Assembly on Thursday, 24th June 2004, three days ahead of schedule amid an uproar as opposition members protesting against insults from some ruling coalition MNAs tore up papers and w
Published 12 Jul, 2004 12:00am
Musharraf's commitment

Musharraf's commitment

On the issue of leaving the office of Chief of Army Staff (COAS), which he holds simultaneously with that of the President, General Pervez Musharraf has tended to play his cards close to the chest, relying on a studied posture of ambiguity. Of late, howev
Published 12 Jul, 2004 12:00am
The rising power demand

The rising power demand

As a report in this paper the other day revealed, the demand for electricity in this country has been growing at a rapid rate. Wapda's annual electricity demand growth, which remained at about four percent during the past five years, has suddenly gone up
Published 12 Jul, 2004 12:00am
World Population Day observed

World Population Day observed

World Population Day was observed throughout the country including the federal Capital on Sunday.
Published 12 Jul, 2004 12:00am
Couple fears death for getting married

Couple fears death for getting married

A doctors couple, Amnat and Ghulam Mustafa are on the run, in fear of their lives, for falling in love and getting married.
Published 12 Jul, 2004 12:00am
No pressure on Pakistan to change policies: minister

No pressure on Pakistan to change policies: minister

Minister for Religious Affairs Ijaz-ul-Haq on Sunday rejecting the notion that there was any pressure on Pakistan to change its policies reiterated that no law would be framed in the country which is against the teachings of Islam.
Published 12 Jul, 2004 12:00am
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