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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-07-14
US MIDDAY: CBOT soy slides on spot July contract

US MIDDAY: CBOT soy slides on spot July contract

Soybean futures at the Chicago Board of Trade fell on Tuesday, led lower by the spot July contract after a key merchant delivered more than 1 million bushels against the July contract, traders said.
Published 14 Jul, 2004 12:00am
US MIDDAY: Comex copper mainly up

US MIDDAY: Comex copper mainly up

COMEX copper futures were mostly higher Tuesday, but off Mondays 2-1/2-month highs, as traders weighed news of a copper strike in Mexico against the impact of a higher dollar, dealers said.
Published 14 Jul, 2004 12:00am
US MIDDAY: gold slides on trade datas release

US MIDDAY: gold slides on trade datas release

COMEX gold lower on Tuesday then quickly added to losses when the dollar regained strength from a smaller-than-expected trade gap, which, traders said, prompted funds to liquidate some of their gold holdings.
Published 14 Jul, 2004 12:00am
Pakistan-France Economic Relations

Pakistan-France Economic Relations

The "Bastille Day" is the occasion to celebrate the anniversary of the French Revolution all around the world. 215 years later, the French people still recognise the high values of this symbol and its corresponding slogan "Liberty, Fraternity, Equality".
Published 14 Jul, 2004 12:00am
Message from Secretary General PFBA

Message from Secretary General PFBA

His Excellency Pierre Charasse, Ambassador of France in Pakistan, and his excellency Mr Jean Yues Berthault, Consul General of France in Pakistan, I take immense pleasure in extending my very warm felicitations and congratulations on this Bastille Day, on
Published 14 Jul, 2004 12:00am
Message from President PFBA

Message from President PFBA

It is a source of great pleasure for me to congratulate the government and people of France on Bastille Day.
Published 14 Jul, 2004 12:00am
Message from the Consul General of France

Message from the Consul General of France

It gives me great pleasure that DAILY BUSINESS RECORDER is publishing a special supplement to mark the National Day of France. July 14 is a date of great historic significance in the annals of mankind.
Published 14 Jul, 2004 12:00am
Message from the Ambassador of France

Message from the Ambassador of France

The 215 anniversary of the take over of Bastille gives me an occasion to address today Pakistani public for the first time since my arrival in Pakistan.
Published 14 Jul, 2004 12:00am
Sindh governor urges people to participate in anti-polio drive

Sindh governor urges people to participate in anti-polio drive

Sindh Governor Dr Ishratul Ibad on Tuesday urged political leaders, Ulema, teachers, parents, and people from all other walks of life to jointly struggle for eradication of crippling disease polio from the province.
Published 14 Jul, 2004 12:00am
Pak-American youths' political activism discussed

Pak-American youths' political activism discussed

Pakistani-American Liaison Centre (PAL-C) held here a workshop to discuss the political activism of Pakistani-American youth and to train the Rising Leaders on the working of the US Congress.
Published 14 Jul, 2004 12:00am
Philippine democracy stays in family

Philippine democracy stays in family

From the time she cast her first ballot in the 1960s, retired teacher Editha Rimando can only remember one family being in control of her tobacco-growing province in the northern Philippines.
Published 14 Jul, 2004 12:00am
Eggs not risky for heart

Eggs not risky for heart

Eating eggs everyday might not be harmful for your hearts although this is said to raise your "bad" LDL cholesterol levels, says a new study conducted by the University of Connecticut, reports Web Md.
Published 14 Jul, 2004 12:00am
Sindh chief secretary for timely completion of mega-projects

Sindh chief secretary for timely completion of mega-projects

Sindh Chief Secretary, Mohammed Aslam Sanjrani has called for on-time completion of all on-going mega-projects in Karachi. He issued the directive while going through a report submitted by Executive District Officer (EDO) Works and Services, CDGK, Shoaib
Published 14 Jul, 2004 12:00am
Ahmad Faraz's poetry collection published

Ahmad Faraz's poetry collection published

The collection of eminent poet of the country, Ahmad Faraz's has been published with title "Shahr-e-Sukhan Aarastah Hay". The book, published by M/s Dost Publications, includes all 13 books of poetry of Ahmad Faraz published by now, said a press release h
Published 14 Jul, 2004 12:00am
NWFP freezes proposed raise in Abyana rates

NWFP freezes proposed raise in Abyana rates

The NWFP cabinet on Tuesday decided to freeze the proposed increase in the Abyana rates on land under gravity canals, tube-well, and lift canals for a period of three years.
Published 14 Jul, 2004 12:00am
Tyre and tube production increases

Tyre and tube production increases

The local production of tyres and tubes has increased during last five years due to increased demand and supply of automobiles in the country. The manufacturers in the Punjab, Sindh and NWFP have produced total of 5,035,287 tyres during 1999-00 to 2003-04
Published 14 Jul, 2004 12:00am
Notice issued to NAB on bail plea

Notice issued to NAB on bail plea

Sindh High Court (SHC) on Tuesday issued notice to Deputy Prosecutor General NAB on application of Ms Kauser Perveen seeking bail of her spouse Ziaul Islam ex joint secretary of interior ministry, in NAB reference.
Published 14 Jul, 2004 12:00am
Minfal clarifies PAC allegation report

Minfal clarifies PAC allegation report

The Ministry of Food Agriculture and Livestock (Minfal) on Tuesday clarifying a report, appearing in a section of the press alleging mismanagement in the import of fertiliser, termed the report incorrect and contrary to the facts.
Published 14 Jul, 2004 12:00am
Improper bank accounting

Improper bank accounting

I have seen the article of Abdul Mateen published in your newspaper with the above caption.
Published 14 Jul, 2004 12:00am
Kidnapping for ransom

Kidnapping for ransom

I invite the attention of the powers-that-be to an "Appeal" in the press by Sohail Ahmed Saqib. He has made this appeal for the release of M. Naeem, Chief Executive of Shahnawaz (Pvt) Ltd. The contribution of Shahnawaz Group to the business of Pakistan is
Published 14 Jul, 2004 12:00am
Challenges for Shaukat Aziz

Challenges for Shaukat Aziz

Shaukat Aziz as Finance Minister claimed, to his credit, the building of a foreign exchange reserve of over $11 billion and improved macroeconomic indicators. The 9/11 tragedy was the main contributor to the improved economic health of Pakistan.
Published 14 Jul, 2004 12:00am
Taxing Riba-free loans unjustified and unconstitutional

Taxing Riba-free loans unjustified and unconstitutional

Any law enacted by the Majlis-e-Shoora (Parliament) has to conform to the principles contained in the Constitution of Pakistan, and tax codes are no exception. Article 77 of the Constitution says that "No tax shall be levied for the purposes of the Federa
Published 14 Jul, 2004 12:00am
Benefits of legal transfer of money

Benefits of legal transfer of money

According to a report from Washington, financial experts and agents at a presentation on money transfer to Pakistan by a reputed American exchange firm urged Pakistani expatriates to remit earnings back home by legal means or formal channel, which is not
Published 14 Jul, 2004 12:00am
Musharraf's address

Musharraf's address

President General Pervez Musharraf took advantage of the opportunity of addressing the Milli Majlis or Azerbaijan Parliament the other day to explicate the set of themes that have become associated with his philosophy of 'Enlightened Moderation'.
Published 14 Jul, 2004 12:00am
ICMAP Spring (Summer-2004) session result

ICMAP Spring (Summer-2004) session result

The National Council of the Institute of Cost and Management Accountants of Pakistan announced ICMAP Spring (Summer-2004) Session result, on Monday.
Published 14 Jul, 2004 12:00am
List of 18th PAA Excellence Awards-2004

List of 18th PAA Excellence Awards-2004

Following is the list of 18th Pakistan Advertising Association Excellence Awards-2004, which were announced here on Tuesday.
Published 14 Jul, 2004 12:00am
Cattle and poultry farms along Rawal Lake sealed

Cattle and poultry farms along Rawal Lake sealed

Taking precautionary measures after thousands of fishes were killed by contaminated water the Islamabad Capital Territory Administration has sealed cattle and poultry farms established on the bank of Rawal Lake and imposed Section 144 for two months.
Published 14 Jul, 2004 12:00am
Shaukat meets Pir Syed Shah

Shaukat meets Pir Syed Shah

Prime Minister-in-Waiting and Finance Minister Shaukat Aziz on Tuesday called on Pir Syed Shah Abdul Haq Gillani at Golra Sharif. Pir Syed Shah appreciated the efforts of Shaukat Aziz for revitalising and turning around Pakistan's economy in a short perio
Published 14 Jul, 2004 12:00am
Two children killed in mortar attack near Wana

Two children killed in mortar attack near Wana

Two children were killed on Tuesday in a mortar attack by suspected Al-Qaeda activist on a military check-post in a remote tribal village near Afghan border, officials said.
Published 14 Jul, 2004 12:00am
National Assembly body on law points out flaws in Contempt Bill

National Assembly body on law points out flaws in Contempt Bill

National Assembly committee on Law, Justice and Human Rights on Tuesday directed the Law Ministry to present Illegal Dispossession Bill, 2003, and Contempt of Court Bill 2003 in amended form in the light of objections raised by some members of the committ
Published 14 Jul, 2004 12:00am
Law formulated to end Karo Kari

Law formulated to end Karo Kari

Ministry of Women Development Social Welfare and Special Education has formulated a law to end Karo Kari (honour killing) with the co-ordination of Ministry of Law and Justice and Human Rights.
Published 14 Jul, 2004 12:00am
Functional group rejects PML merger

Functional group rejects PML merger

'Pakistan Muslim League Functional (PML-F) has rejected the much-publicised ruling of PML merger, saying it will maintain its identity as a separate entity. "From day one, we were for unification and not merger. We are very clear about this," ruling PML S
Published 14 Jul, 2004 12:00am
Property and car dealers asked to get registered

Property and car dealers asked to get registered

Islamabad Deputy Commissioner Tariq Mahmood Pirzada has directed all the property/estates agents and car dealers doing their business in the Islamabad Capital Territory to get them registered with the Excise and Taxation Department as soon as possible und
Published 14 Jul, 2004 12:00am
Pakistan and UN to conduct Afghan refugees' census

Pakistan and UN to conduct Afghan refugees' census

The United Nations and Pakistan have agreed to jointly conduct a census of Afghan refugees remaining here during the last quarter of this year. The figures will be used for their registration for future planning for aid and drafting of repatriation progra
Published 14 Jul, 2004 12:00am
Senate body for redefining Cabinet Division's role

Senate body for redefining Cabinet Division's role

The Senate standing committee on Cabinet, Establishment and Management Services met in the Parliament House on Tuesday and recommended that a study should be conducted to redefine the role of the Division.
Published 14 Jul, 2004 12:00am
'NBP committed to lead banking industry'

'NBP committed to lead banking industry'

The National Bank of Pakistan (NBP) is committed to lead the banking industry in the country and kept its standard up to the world level, Bank President Ali Raza said here on Tuesday.
Published 14 Jul, 2004 12:00am
Kotri power station posts record generation

Kotri power station posts record generation

Due to better management and proper maintenance of plant, the Kotri Gas Turbine Power Station generated 731.93 million electricity units (MkWh) ever highest generation in the history of this power plant during the fiscal 2003-04.
Published 14 Jul, 2004 12:00am
Karachi receives season's first showers

Karachi receives season's first showers

The monsoon rain made a belated start when showers doused most of Karachi Tuesday morning. So far, the Met Office had not recorded the rainfall, however, reports from various parts of the city showed the season's wet-spell was widely received.
Published 14 Jul, 2004 12:00am
FPCCI hails accord with Germany

FPCCI hails accord with Germany

Riaz Ahmed Tata, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has welcomed the resolution of all outstanding issues between Pakistan and Germany with regard to the implementation of the convention on the avoidance of double
Published 14 Jul, 2004 12:00am
Hamdard to send eight workers on Haj

Hamdard to send eight workers on Haj

Hamdard Pakistan, as usual, will send its eight workers on Haj pilgrimage on its own account in this Hijra year according to January 2005. The selection of workers from four Hamdard centres at Karachi, Lahore, Rawalpindi and Peshawar was made through ball
Published 14 Jul, 2004 12:00am
Slic collects Rs 981.854 million group premium

Slic collects Rs 981.854 million group premium

State Life Insurance Corporation of Pakistan secured group premium income of Rs 981.854 million during the second quarter of 2004 as compared to Rs 715.051 million in the corresponding period of last year, showing an increase of 37 percent.
Published 14 Jul, 2004 12:00am
The Weather

The Weather

The weather report on Tuesday (July 13) and the forecast for Wednesday (July 14, 2004).
Published 14 Jul, 2004 12:00am
Wapda electric union wins referendum

Wapda electric union wins referendum

According to an information received from Pakistan Wapda Electric Central Labour Union, issued here on Tuesday, the union has won referendum in Wapda with vast majority.
Published 14 Jul, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 14 Jul, 2004 12:00am
Reception postponed

Reception postponed

The consulate general of France in Karachi has postponed its National Day reception scheduled on Wednesday, July 14. New date and venue for holding the same reception would be announced soon.
Published 14 Jul, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 14 Jul, 2004 12:00am
Key stock market movements at 1700 GMT on July 13

Key stock market movements at 1700 GMT on July 13

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 14 Jul, 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 14 Jul, 2004 12:00am
KSE 'investors education' on July 20

KSE 'investors education' on July 20

The Karachi Stock Exchange has arranged a panel discussion on 'Investors' Education' from 4:00 pm to 6:00 pm on Tuesday, July 20, 2004, in the Auditorium of Karachi Stock Exchange wherein approximately 100 persons can be accommodated.
Published 14 Jul, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (July 13, 2004)
Published 14 Jul, 2004 12:00am
NWFP governor arrives in Manchester

NWFP governor arrives in Manchester

NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) arrived in Manchester Monday last. On arrival, he was received by Pakistani High Commission officials, and soon after he left for Liverpool as he had been invited by Liverpool Hope Univers
Published 14 Jul, 2004 12:00am
Cotton growers advised to apply nitrogenous fertiliser

Cotton growers advised to apply nitrogenous fertiliser

The Sindh Agriculture Department's experts on Monday advised the cotton growers to apply nitrogenous fertiliser and irrigation with immediate effect to the crop affected by stunting growth.
Published 14 Jul, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 13, 2004).
Published 14 Jul, 2004 12:00am
FC accorded rousing welcome in Shakai valley

FC accorded rousing welcome in Shakai valley

Thousands of tribesmen accorded rousing welcome to the troops of the Frontier Corps (FC) when they entered Shakai valley of Southh Waziristan Agency on Monday The tribesmen were carrying banners inscribed with slogans welcoming Frontier Corps in their are
Published 14 Jul, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (July 13) and rates for Wednesday (July 14, 2004).
Published 14 Jul, 2004 12:00am
Fesco resorts to load shedding

Fesco resorts to load shedding

Increased electricity demand in the present hot and humid weather and a shortage of 2100 megawatt electricity has forced Faisalabad Electric Supply Company (Fesco) to ensure better load management.
Published 14 Jul, 2004 12:00am
Islamabad highway becomes dangerous for travellers

Islamabad highway becomes dangerous for travellers

Travel along the Islamabad highway, from zero point to Faizabad, has become all the more hazardous, with numerous accidents being reported daily due to ongoing expansion work and lack of any warning signs.
Published 14 Jul, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 13, 2004).
Published 14 Jul, 2004 12:00am
Plea to extend local government system to Fata

Plea to extend local government system to Fata

The Aurat Foundation has demanded of the government to extend the local government (LG) system to the Federally-Administered Areas (Fata) by holding elections on the adult franchise basis with proper representation for the tribal women.
Published 14 Jul, 2004 12:00am
12mw electricity offered to Gadoon industries

12mw electricity offered to Gadoon industries

The Sarhad Hydel Development Organisation (Shydo) on Tuesday offered the provision of 12 mw electricity to the industrialists of the Gadoon Amazai Industrial Estates (Gaie) from the Pehur hydro power project.
Published 14 Jul, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 13, 2004).
Published 14 Jul, 2004 12:00am
Accommodation for 35,000 Hajis arranged

Accommodation for 35,000 Hajis arranged

The Ministry of Religious Affairs has so far arranged residential accommodation for 35,000 intending pilgrims in Makkah, Saudi Arabia. In the first phase, buildings would be acquired to house about 50,000 pilgrims, official sources told the newsmen here o
Published 14 Jul, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 13, 2004).
Published 14 Jul, 2004 12:00am
Administration advised to finalise rain relief measures

Administration advised to finalise rain relief measures

District Nazim Chaudhry Zahid Nazir has directed the district administration and other concerned departments to finalise all arrangements to effectively tackle the likely flood situation in case of extraordinary rains.
Published 14 Jul, 2004 12:00am
Shah Mehmood's manager shot dead

Shah Mehmood's manager shot dead

Muhammad Ashiq, manager of PPPP leader Shah Mehmood Qureshi, was shot dead by his opponents in Budha Sant (Multan) on Tuesday. The killers were identified as Sabir Hussain, Ijaz Ahmed and Abdul Razzaq.
Published 14 Jul, 2004 12:00am
Income tax return forms to be provided in Urdu

Income tax return forms to be provided in Urdu

Income tax return forms in simple Urdu language are being provided for the convenience of taxpayers, said Habib Fakhar-ud-Din, member Central Board of Revenue (CBR).
Published 14 Jul, 2004 12:00am
Minister takes note of non-utilisation of funds

Minister takes note of non-utilisation of funds

Taking serious note on non-utilisation development funds in the province, Sindh Minister for Planning & Development, Syed Shoaib Ahmed Bukhari has directed his department to identify the executing agencies who have failed to utilise the development funds
Published 14 Jul, 2004 12:00am
Media urged to adopt progressive approach

Media urged to adopt progressive approach

The Sindh government's adviser on information, Salahuddin Haider has urged the Pakistani media to prepare itself for successfully meeting the challenges it faces today.
Published 14 Jul, 2004 12:00am
Mohammed Ali takes over charge as additional secretary

Mohammed Ali takes over charge as additional secretary

Dr Mohammed Ali took over the charge as Additional Secretary (AS) at Chief Minister House here on Monday. Dr Mohammed Ali is a Ph.D from UK and has 22 years experience in the banking operation.
Published 14 Jul, 2004 12:00am
Three-day national anti-polio drive starts

Three-day national anti-polio drive starts

Three-day national campaigns against polio started on Tuesday and will continue till July 15 throughout the country. According to the Expanded Programme for Immunisation (EPI) sources, government has set 35-million children target under 'five years, in th
Published 14 Jul, 2004 12:00am
'Women role vital in reformation of society'

'Women role vital in reformation of society'

Women participation in different fields including politics would provide them an opportunity to play pivotal role in economic development, apart from enabling them to become independent economically and socially.
Published 14 Jul, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (July 13, 2004).
Published 14 Jul, 2004 12:00am
Supreme Court issues notice to AG in Nazim's plea

Supreme Court issues notice to AG in Nazim's plea

A full bench of the Supreme Court of Pakistan, while issuing notice to the Advocate General, Punjab, has directed him to appear before the court in a petition filed by a Union Council Nazim of Lahore.
Published 14 Jul, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 14 Jul, 2004 12:00am
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