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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-07-19
Pakistan and UK exploring ways to fight terror: Suddle

Pakistan and UK exploring ways to fight terror: Suddle

Pakistan and Britain are exploring ways and means to further strengthen their existing co-operation in war on terror, said Mohammad Shoaib Suddle, director-general, Police Bureau, here on Sunday.
Published 19 Jul, 2004 12:00am
Literary sitting

Literary sitting

The weekly literary sitting "Hum Hain Naqeeb Fiqr-e-Nou" under auspices of the Literary Committee of Arts Council of Pakistan, Karachi, will be held as usual on Monday at 6.00 pm.
Published 19 Jul, 2004 12:00am
'Effective policies help attain stability'

'Effective policies help attain stability'

Speaker National Assembly Chaudhry Amir Hussain has said that government is mobilising all available resources for banishing backwardness from ignored and far-off areas of the country to top priority basis.
Published 19 Jul, 2004 12:00am
Organisation for special persons formed

Organisation for special persons formed

A group of concerned individuals including those with physical disabilities gathered here on Saturday evening to formally launch "Organisation for the Welfare of Special Persons' (OWSP) with the basic motive to build a network of NGOs working for the caus
Published 19 Jul, 2004 12:00am
ATC awards 24-year RI to three in Kamalia case

ATC awards 24-year RI to three in Kamalia case

Judge anti-terrorism, Muhammad Yousaf Ojla, announcing the judgement of a well-known case of terrorism of Police Station Sadar Kamalia, has awarded a total punishment of 24 year's rigorous imprisonment each and a fine of Rs 50,000 each to three accused, M
Published 19 Jul, 2004 12:00am
Kashmir's Accession to Pakistan Day on July 19

Kashmir's Accession to Pakistan Day on July 19

Kashmiris on both sides of the Line of Control (LoC) will observe Kashmir's Accession to Pakistan Day on July 19. It will be observed to renew the pledge to continue struggle for the accession of whole Jammu and Kashmir to Pakistan.
Published 19 Jul, 2004 12:00am
Taj named envoy to Ukraine

Taj named envoy to Ukraine

Major General Taj-ul-Haq has been appointed as ambassador of Pakistan to Ukraine, said a notification issued here on Sunday.
Published 19 Jul, 2004 12:00am
Rs 100 million uplift schemes announced for nine villages

Rs 100 million uplift schemes announced for nine villages

A development package to the tune of Rs 100 million has been announced for the developmental schemes and provision of different facilities in nine villages situated along the bank of Jhang branch canal.
Published 19 Jul, 2004 12:00am
Talks with India to resolve all issues: Kasuri

Talks with India to resolve all issues: Kasuri

Foreign Minister Khurshid Mahmood Kasuri has said that dialogues have been started with Indian government on equal basis to resolve all issues while maintaining national integrity.
Published 19 Jul, 2004 12:00am
Shujaat may meet Musharraf on July 19

Shujaat may meet Musharraf on July 19

Prime Minister Chaudhry Shujaat Hussain is likely to call on President Pervez Musharraf on Monday in the afternoon to apprise him of the various decisions taken by the Federal cabinet, during his absence abroad, reports UPP correspondent.
Published 19 Jul, 2004 12:00am
Jamadi-us-Sani moon sighted

Jamadi-us-Sani moon sighted

Jamadi-us-Sani moon was sighted on Sunday and the 1st of Jamadi-us-Sani, 1425, will be on Monday, it was officially announced on Sunday night.
Published 19 Jul, 2004 12:00am
FTO comes to rescue of car purchasers

FTO comes to rescue of car purchasers

The purchase of cars from customs' auction has landed two separate individuals into trouble. In the first case, the car had already been auctioned earlier and complications arose over refund of the bid price paid by the purchaser, Abdul Latif belonging to
Published 19 Jul, 2004 12:00am
Lyari residents welcome operation against criminals

Lyari residents welcome operation against criminals

The people of Karachi city including the law-abiding residents of the Lyari have welcomed very warmly the ongoing law enforcement agencies operations against the notorious criminal gangs in Lyari area especially the Jehanahad locality.
Published 19 Jul, 2004 12:00am
CDGK slammed for neglecting coastal villages

CDGK slammed for neglecting coastal villages

The City District Government Karachi has failed to come up to the expectations of the people living in hundreds of coastal villages as nothing has been done for them despite making tall claims since local government system's inception 3 years back.
Published 19 Jul, 2004 12:00am
Frontier asked to lift wheat from Punjab

Frontier asked to lift wheat from Punjab

Punjab Chief Minister Chaudhry Pervaiz Elahi stressed upon the NWFP to pick up wheat from Punjab as was done by Sindh recently.
Published 19 Jul, 2004 12:00am
66 Pakistani prisoners released from Afghanistan

66 Pakistani prisoners released from Afghanistan

Afghanistan has released 66 Pakistani prisoners who had been in jails since the US-led war toppled the hard-line Taleban regime in late 2001, officials said on Sunday.
Published 19 Jul, 2004 12:00am
66 Pakistani prisoners released from Afghanistan

66 Pakistani prisoners released from Afghanistan

Afghanistan has released 66 Pakistani prisoners who had been in jails since the US-led war toppled the hard-line Taleban regime in late 2001, officials said on Sunday.
Published 19 Jul, 2004 12:00am
NBP asked to accept sales tax challans

NBP asked to accept sales tax challans

The Central Board of Revenue (CBR) has asked the National Bank of Pakistan (NBP) to ensure that the its branches operating at the custom stations should accept the 'challan form' for payment of sales tax on minimum value addition by importers.
Published 19 Jul, 2004 12:00am
NBP asked to accept sales tax challans

NBP asked to accept sales tax challans

The Central Board of Revenue (CBR) has asked the National Bank of Pakistan (NBP) to ensure that the its branches operating at the custom stations should accept the 'challan form' for payment of sales tax on minimum value addition by importers.
Published 19 Jul, 2004 12:00am
'New sales tax law sets out jurisdictions for registration'

'New sales tax law sets out jurisdictions for registration'

Under the new sales tax law all listed companies will be required to obtain sales tax registration in the jurisdiction of their head office, while for others' registration will be in the area of manufacturing activity.
Published 19 Jul, 2004 12:00am
Berlin service honours memory of anti-Hitler plotters

Berlin service honours memory of anti-Hitler plotters

The German Protestant Evangelical Church Sunday honoured the memory of those involved in the unsuccessful July 20, 1944 bomb attack on Nazi leader Adolf Hitler with a special church service, at which the conspirators were described as models for future ge
Published 19 Jul, 2004 12:00am
Bronze angel takes Lenin's place in Kyrgyzstan

Bronze angel takes Lenin's place in Kyrgyzstan

Workers in Kyrgyzstan's capital Bishkek on Sunday secured a giant bronze statue of an angel to a plinth that had long been occupied by Vladimir Lenin in an aim to end a year-long controversy.
Published 19 Jul, 2004 12:00am
Wife of claimant to Albania's throne dies

Wife of claimant to Albania's throne dies

Queen Susan, the wife of the claimant to Albania's throne, has died after the long illness at the age of 63, the royal family said Sunday.
Published 19 Jul, 2004 12:00am
US House adopts $701 million package for Pakistan

US House adopts $701 million package for Pakistan

The US House of Representatives has adopted $701 million assistance package for Pakistan, which is the first instalment of $3 billion five-year US assistance package announced in June 2003.
Published 19 Jul, 2004 12:00am
US House adopts $701 million package for Pakistan

US House adopts $701 million package for Pakistan

The US House of Representatives has adopted $701 million assistance package for Pakistan, which is the first instalment of $3 billion five-year US assistance package announced in June 2003.
Published 19 Jul, 2004 12:00am
Aiyar pleads for gas line via Pakistan

Aiyar pleads for gas line via Pakistan

Pleading for Iran-Pakistan-India gas pipeline, Petroleum Minister Mani Shankar Aiyar has written to Prime Minister Dr Manmohan Singh suggesting 'conversation without commitment' among the petroleum ministers of the three countries.
Published 19 Jul, 2004 12:00am
Aiyar pleads for gas line via Pakistan

Aiyar pleads for gas line via Pakistan

Pleading for Iran-Pakistan-India gas pipeline, Petroleum Minister Mani Shankar Aiyar has written to Prime Minister Dr Manmohan Singh suggesting 'conversation without commitment' among the petroleum ministers of the three countries.
Published 19 Jul, 2004 12:00am
Badla market investment touches Rs 27.7 billion

Badla market investment touches Rs 27.7 billion

The investment in badla market on last session of the week rose to Rs 27.7 billion and the higher trend indicated that most of the investors had taken longer position anticipating that the market would perform on expected announcement from the corporate s
Published 19 Jul, 2004 12:00am
Badla market investment touches Rs 27.7 billion

Badla market investment touches Rs 27.7 billion

The investment in badla market on last session of the week rose to Rs 27.7 billion and the higher trend indicated that most of the investors had taken longer position anticipating that the market would perform on expected announcement from the corporate s
Published 19 Jul, 2004 12:00am
Stocks fall on higher badla rates

Stocks fall on higher badla rates

The stock market fell sharply last week because of higher badla rates, indicating that presence of weak holders in the equity market had increased. The SBP circular for revaluation of PIBs also hurt investors' confidence over banks' earnings.
Published 19 Jul, 2004 12:00am
Stocks fall on higher badla rates

Stocks fall on higher badla rates

The stock market fell sharply last week because of higher badla rates, indicating that presence of weak holders in the equity market had increased. The SBP circular for revaluation of PIBs also hurt investors' confidence over banks' earnings.
Published 19 Jul, 2004 12:00am
PTCL tariff cut makes things difficult for new entrants

PTCL tariff cut makes things difficult for new entrants

The Pakistan Telecommunication Co (PTCL) tariff cut is the right strategy, exploiting its size and thinning the margins in the telephony business, making it difficult for new entrants to make above average returns and invest them back for growth.Last week
Published 19 Jul, 2004 12:00am
PTCL tariff cut makes things difficult for new entrants

PTCL tariff cut makes things difficult for new entrants

The Pakistan Telecommunication Co (PTCL) tariff cut is the right strategy, exploiting its size and thinning the margins in the telephony business, making it difficult for new entrants to make above average returns and invest them back for growth.Last week
Published 19 Jul, 2004 12:00am
THE RUPEE: demand for dollars may rise

THE RUPEE: demand for dollars may rise

The rupee was not able to recover its lost ground versus dollar last week due to persistent demand for the US currency in the kerb market, money experts said.
Published 19 Jul, 2004 12:00am
THE RUPEE: demand for dollars may rise

THE RUPEE: demand for dollars may rise

The rupee was not able to recover its lost ground versus dollar last week due to persistent demand for the US currency in the kerb market, money experts said.
Published 19 Jul, 2004 12:00am
Woman killed in Kabul rocket attack

Woman killed in Kabul rocket attack

A woman was killed when a rocket landed in central Kabul close to the US embassy and headquarters of international peacekeeping troops late on Sunday, police and witnesses said.
Published 19 Jul, 2004 12:00am
Larger version of Boeing 747 may be built

Larger version of Boeing 747 may be built

Boeing Co is seeing increased demand for its 747 jumbo jet and building a larger version remains a possibility, Alan Mulally, chief executive of Boeing Commercial Airplanes, said on Sunday.
Published 19 Jul, 2004 12:00am
10 Palestinians hurt in Gaza clashes

10 Palestinians hurt in Gaza clashes

Ten Palestinians were shot and wounded, three of them seriously, as gunmen battled forces loyal to Yasser Arafat's new security chief in southern Gaza on Sunday in a fresh spate of internal violence that signalled a growing breakdown of law and order.
Published 19 Jul, 2004 12:00am
Delhi satisfied with Safta negotiations

Delhi satisfied with Safta negotiations

India has said on Sunday it was optimistic that Saarc member countries would maintain the schedule of South Asia Free Trade Agreement (Safta) adding that New Delhi was satisfied with the proceeding of negotiations.
Published 19 Jul, 2004 12:00am
Delhi satisfied with Safta negotiations

Delhi satisfied with Safta negotiations

India has said on Sunday it was optimistic that Saarc member countries would maintain the schedule of South Asia Free Trade Agreement (Safta) adding that New Delhi was satisfied with the proceeding of negotiations.
Published 19 Jul, 2004 12:00am
Islamabad proposes Saarc forum on energy resources

Islamabad proposes Saarc forum on energy resources

Pakistan has proposed the formation of Saarc ministerial forum on energy resources and Pakistan and India will hold talks on bilateral issues on the sidelines of Saarc Foreign Ministers Conference.
Published 19 Jul, 2004 12:00am
Islamabad proposes Saarc forum on energy resources

Islamabad proposes Saarc forum on energy resources

Pakistan has proposed the formation of Saarc ministerial forum on energy resources and Pakistan and India will hold talks on bilateral issues on the sidelines of Saarc Foreign Ministers Conference.
Published 19 Jul, 2004 12:00am
Maulana Shirani escapes bid on life

Maulana Shirani escapes bid on life

A lawmaker and top leader of Muttahida Majlis-i-Amal (MMA) escaped an assassination attempt on Sunday when a landmine blew up his vehicle in Balochistan province, officials said.
Published 19 Jul, 2004 12:00am
Maulana Shirani escapes bid on life

Maulana Shirani escapes bid on life

A lawmaker and top leader of Muttahida Majlis-i-Amal (MMA) escaped an assassination attempt on Sunday when a landmine blew up his vehicle in Balochistan province, officials said.
Published 19 Jul, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (July 18) and the forecast for Monday (July 19, 2004).
Published 19 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 on (July 12 to 17, 2004).
Published 19 Jul, 2004 12:00am
First Chinese bank opens branch in Bahrain

First Chinese bank opens branch in Bahrain

Bank of China has opened a branch in Bahrain, becoming the first Chinese bank with a representative office in the Middle East, the bank said on Sunday.
Published 19 Jul, 2004 12:00am
German jobless reforms need time to work: minister

German jobless reforms need time to work: minister

German Economy Minister Wolfgang Clement was quoted as saying it will take four or five years until new labour market reforms reduce unemployment to a "halfway tolerable level," a newspaper reported on Sunday.
Published 19 Jul, 2004 12:00am
Greenspan seen reassuring US Congress on prices

Greenspan seen reassuring US Congress on prices

Federal Reserve Chairman Alan Greenspan will go before Congress this week armed with data showing the US economy is solid and free of dangerous price pressures that could force rapid interest-rate rises.
Published 19 Jul, 2004 12:00am
Iraq issues post-war debt to help restore finances

Iraq issues post-war debt to help restore finances

Iraq issued its first post-war debt on Sunday as it tries to shed a legacy of disastrous economic management and regain credibility in financial markets after decades of war and sanctions.
Published 19 Jul, 2004 12:00am
Postbank to slash jobs

Postbank to slash jobs

Germany's biggest retail bank, Postbank, will shed 450 of the 800 workers in a back-office business that it bought earlier this month, the company said on Sunday.
Published 19 Jul, 2004 12:00am
Opec faces production constraints as non-Opec output rises

Opec faces production constraints as non-Opec output rises

Changes in the structure of the oil market, analysed in some detail by the IEA this week, provide insights into a decision by Opec to skip a special meeting next week and wait until their regular session on September 15 to review production.
Published 19 Jul, 2004 12:00am
Surge in oil prices is boon to aircraft manufacturers

Surge in oil prices is boon to aircraft manufacturers

The recent surge in oil prices is actually a boon for aircraft manufacturers, encouraging airlines to acquire planes that are more efficient than an earlier generation of fuel guzzlers now sitting idle in US deserts.
Published 19 Jul, 2004 12:00am
Saudi budget surplus to surge on oil prices

Saudi budget surplus to surge on oil prices

Oil prices averaging $31.5 a barrel are likely to push Saudi Arabia's budget surplus to a record $29.8 billion in 2004 and fuel economic growth of three percent, SAMBA Financial Group said in a half-year report.
Published 19 Jul, 2004 12:00am
Toyota to boost global output

Toyota to boost global output

Annual global production by Japan's car giant Toyota is forecast to top seven million units in 2005, closing in on the world leader General Motors, a press report said Sunday.
Published 19 Jul, 2004 12:00am
Singapore launches economic campaign in Middle East

Singapore launches economic campaign in Middle East

Singapore has embarked on a campaign to strengthen economic ties with Middle East economies in a bid to tap the potential of an oil-rich region usually associated with instability.
Published 19 Jul, 2004 12:00am
Egypt interbank rate falls

Egypt interbank rate falls

The median overnight interbank rate on the Egyptian pound fell to 9-1/2 percent on Sunday from 11-1/2 percent on Thursday as demand fell towards the end of a two-week period for calculating banks' reserves, traders said.
Published 19 Jul, 2004 12:00am
New target price raises Ezz Steel on Egypt bourse

New target price raises Ezz Steel on Egypt bourse

Egyptian shares rose on Sunday with retail-dominated trade eyeing small-cap firms including Ezz Steel Rebars, which benefited from a revised target price for the stock, traders said.
Published 19 Jul, 2004 12:00am
Techs cloud outlook for Toronto stocks

Techs cloud outlook for Toronto stocks

The stream of corporate results due out this week could provide the driving force to lift Toronto stocks higher, but gloomy news from tech heavyweights could act as a brake on an already cautious market.
Published 19 Jul, 2004 12:00am
US earnings set to sway Tokyo stocks

US earnings set to sway Tokyo stocks

Earnings results from major US companies will sway the Tokyo stock market this week, but optimism over domestic economic recovery should prevent shares from falling far.
Published 19 Jul, 2004 12:00am
Asian currencies mixed against dollar

Asian currencies mixed against dollar

Asian currencies were mixed against the US dollar in the past week as dealers said range-bound trading was expected ahead of testimony by Federal Reserve chairman Alan Greenspan in the US Congress and Senate next week.
Published 19 Jul, 2004 12:00am
Capital-GWR merger talks are well advanced

Capital-GWR merger talks are well advanced

Capital Radio and GWR Group are locked in advanced talks about the structure of a possible merger which would create the UK's largest commercial radio group, Sunday newspaper the Business reported.
Published 19 Jul, 2004 12:00am
Capital-GWR merger talks are well advanced

Capital-GWR merger talks are well advanced

Capital Radio and GWR Group are locked in advanced talks about the structure of a possible merger which would create the UK's largest commercial radio group, Sunday newspaper the Business reported.
Published 19 Jul, 2004 12:00am
Iraq's new stock exchange simply booming

Iraq's new stock exchange simply booming

Emad Shaker Abdul Al-Jabar, 41, had a good day Sunday after the cop-cum-broker made three time's his monthly salary by selling off shares bought just one week ago on the revamped Iraq Stock Exchange.
Published 19 Jul, 2004 12:00am
Earnings and Greenspan focus for US markets

Earnings and Greenspan focus for US markets

Markets will stay nervous about corporate profits this week as the earnings season moves into full swing, but Fed Chairman Alan Greenspan could provide some relief with reassuring words on the economy.
Published 19 Jul, 2004 12:00am
Indian shares seen up on earnings, eye tax

Indian shares seen up on earnings, eye tax

Indian shares are expected to rise this week as investors bet on strong quarterly earnings when the reporting season turns busy, but uncertainty over monsoon rains could dampen sentiment, brokers said.
Published 19 Jul, 2004 12:00am
Hong Kong shares seen cautiously higher

Hong Kong shares seen cautiously higher

The latest Chinese economic data is expected to encourage rises in Hong Kong shares this week, although worries about the profit outlook for some companies and rising oil prices may limit gains.
Published 19 Jul, 2004 12:00am
Results flood to overshadow lagging FTSE-100

Results flood to overshadow lagging FTSE-100

A packed corporate agenda will divert attention from the lagging UK stock market this week as investors focus on results from drug giant AstraZeneca and two major flotations, Virgin Mobile and Premier Foods.
Published 19 Jul, 2004 12:00am
Spearman excited by England prospects

Spearman excited by England prospects

Former New Zealand batsman Craig Spearman, now at English county Gloucestershire, said he would "love to" return to international cricket with England.
Published 19 Jul, 2004 12:00am
Teachers blamed after Indian school blaze

Teachers blamed after Indian school blaze

Anguish turned to anger Sunday as the small Indian town of Kumbakonam accused teachers of abandoning pupils to a fire that whipped through classrooms last week, killing 90 young children.
Published 19 Jul, 2004 12:00am
Death toll rises from South Asian floods

Death toll rises from South Asian floods

Another five people drowned in floods ravaging South Asia, police said Sunday, while authorities in India's eastern Bihar state called for more troops amid widespread looting of government food stores.
Published 19 Jul, 2004 12:00am
Kerry rises from political ashes to face Bush

Kerry rises from political ashes to face Bush

A tall, rugged, blue-blood millionaire war hero from Massachusetts with the initials JFK, Senator John Forbes Kerry rose from the political dead to claim the right to challenge President George W. Bush.
Published 19 Jul, 2004 12:00am
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