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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-08-20
Four-wheel drives choking the globe in dust

Four-wheel drives choking the globe in dust

The increasing popularity of off-road four-wheel drive cars is threatening to envelop the globe in a cloud of dust, with potentially severe effects on the environment, a British scientist said on Thursday.
Published 20 Aug, 2004 12:00am
Twelve dead after typhoon hits Korea and Japan

Twelve dead after typhoon hits Korea and Japan

Heavy rain from typhoon Megi lashed South Korea and Japan on Thursday, prompting the evacuation of some 3,000 people and leaving at least 12 dead. Some 165 Japanese children were trapped at a nature centre.
Published 20 Aug, 2004 12:00am
Sterling climbs off three-month low

Sterling climbs off three-month low

The pound bounced from a three-month low on the euro on Thursday and gained on the dollar, absorbing data showing a drop in British retail sales in July on the view this did not greatly alter the economic outlook.
Published 20 Aug, 2004 12:00am
Dollar near recent lows

Dollar near recent lows

The dollar traded near this week's four-week lows against the euro and yen on Thursday ahead of US jobless claims and a key business survey that dealers expect to provide further clues about the interest rate outlook.
Published 20 Aug, 2004 12:00am
Taiwan stocks at one-month high

Taiwan stocks at one-month high

Taiwan stocks jumped 3.23 percent to end at a 1-month high on Thursday, as a rally on US stock markets fuelled buying across the board, with a spotlight on technology heavyweights such as AU Optronics.
Published 20 Aug, 2004 12:00am
US Stocks: Thursday's unofficial close

US Stocks: Thursday's unofficial close

US stocks fell on Thursday as investor worries about high energy costs hurting corporate profits kept indexes lower after oil prices broke through $48 a barrel.
Published 20 Aug, 2004 12:00am
Telekom Austria bonds lose after merger talks end

Telekom Austria bonds lose after merger talks end

Telekom Austria bonds took a beating on Thursday on news merger talks with its financially stronger peer Swisscom had collapsed, while derivative hedging activity continued to support European corporate bonds.
Published 20 Aug, 2004 12:00am
Telekom Austria bonds lose after merger talks end

Telekom Austria bonds lose after merger talks end

Telekom Austria bonds took a beating on Thursday on news merger talks with its financially stronger peer Swisscom had collapsed, while derivative hedging activity continued to support European corporate bonds.
Published 20 Aug, 2004 12:00am
Seoul shares end 2 percent higher on tech rally

Seoul shares end 2 percent higher on tech rally

Seoul shares climbed almost 2 percent to their highest close in more than two months on Thursday, as investors snapped up hard-hit technology stocks and took record-breaking oil prices in their stride.
Published 20 Aug, 2004 12:00am
Britain's top share index makes slim gain

Britain's top share index makes slim gain

Britain's blue chips ended with slim gains on Thursday, although below the session's two-week high as poor UK sales data hit retailers, while a relentless surge in oil prices kept a lid on market sentiment.
Published 20 Aug, 2004 12:00am
London cocoa leaps

London cocoa leaps

London cocoa futures shot up for a second session on Thursday on fund buying, though December failed to break through the psychologically important 1,000 pound level, traders said.
Published 20 Aug, 2004 12:00am
London sugar down

London sugar down

London white sugar futures closed lower on fund selling on Thursday, and traders noted firm buying support from the trade amid fresh physical offtake after Monday's speculator-driven selloff.
Published 20 Aug, 2004 12:00am
Argentina sets off hunt for central bank gold buyers

Argentina sets off hunt for central bank gold buyers

Argentina's purchase of gold this year - a positive signal for prices - has set off a hunt for more countries bucking a central bank trend to run down bullion reserves, analysts said on Thursday.
Published 20 Aug, 2004 12:00am
Gold firms to highest in one month on soft dollar

Gold firms to highest in one month on soft dollar

Gold probed higher on Thursday afternoon in Europe, touching its highest in one month as the dollar slipped despite hints of a recovery in the US labour market, dealers said.
Published 20 Aug, 2004 12:00am
South Africa estimates hefty maize crop

South Africa estimates hefty maize crop

South Africa's monthly maize crop estimate for 2004 surged by a higher-than-expected five percent to 8.48 million tonnes on Thursday and traders said the final figure could be as much as 8.7 million tonnes.
Published 20 Aug, 2004 12:00am
New York cotton closes firm on funds, seen moving higher

New York cotton closes firm on funds, seen moving higher

NYBOT cotton futures settled at a fresh four-week high Thursday on a steady fusillade of fund buying and the momentum in the market will likely nudge it higher in the coming days, dealers said.
Published 20 Aug, 2004 12:00am
London coffee flat

London coffee flat

LIFFE robusta coffee prices closed barely changed on Thursday after a quiet session dominated by switch trading, dealers said.
Published 20 Aug, 2004 12:00am
LME prices end mostly up on copper short-covering

LME prices end mostly up on copper short-covering

Base metal prices lifted in ring trading on the London Metal Exchange (LME) on Thursday after an expected copper stock increase failed to materialise and encouraged short-covering, traders and analysts said.
Published 20 Aug, 2004 12:00am
Oil prices hit new high above $48 per barrel

Oil prices hit new high above $48 per barrel

Oil prices struck a fresh record above $48 a barrel on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
Published 20 Aug, 2004 12:00am
Oil prices hit new high above $48 per barrel

Oil prices hit new high above $48 per barrel

Oil prices struck a fresh record above $48 a barrel on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
Published 20 Aug, 2004 12:00am
US MIDDAY: coffee higher on roaster buying

US MIDDAY: coffee higher on roaster buying

NYBOT arabica coffee futures edged up on Thursday as funds and speculators focused on trading between the two front contracts ahead of September's first notice day next week, traders said.
Published 20 Aug, 2004 12:00am
US MIDDAY: cocoa rises on technical signals

US MIDDAY: cocoa rises on technical signals

NYBOT cocoa futures rose about five percent on Thursday as speculators moved on technical signals and lingering concerns about dry weather in West Africa, traders and analysts said.
Published 20 Aug, 2004 12:00am
US MIDDAY: sugar easier on speculative sales

US MIDDAY: sugar easier on speculative sales

NYBOT raw sugar futures closed slightly lower Thursday on speculative sales, although losses were pared by trade buying and the sweetener is tipped to consolidate for the moment, brokers said.
Published 20 Aug, 2004 12:00am
US MIDDAY: wheat steadies on export data

US MIDDAY: wheat steadies on export data

Soft red winter wheat futures at the Chicago Board of Trade were firm early Thursday on better-than-expected export data and a bounce from a slide on Wednesday, traders said.
Published 20 Aug, 2004 12:00am
US MIDDAY: corn firms on price slide

US MIDDAY: corn firms on price slide

Corn futures at the Chicago Board of Trade firmed on Thursday on a bounce after the price slide on Wednesday, supported by the strength in wheat, traders said.
Published 20 Aug, 2004 12:00am
US MIDDAY: soyabeans sag on weather forecasts

US MIDDAY: soyabeans sag on weather forecasts

Chicago Board of Trade soyabean futures sagged on Thursday as good overnight US Midwest rains and forecasts for more showers this week eased concerns about US soya development, brokers said.
Published 20 Aug, 2004 12:00am
US MIDDAY: copper recovers on short-covering

US MIDDAY: copper recovers on short-covering

Short-cover buying helped COMEX copper futures recoup some of their sharp losses from the previous session, but COMEX brokers called Thursday's business exceptionally light as many players stayed out to lick their wounds after Wednesday's downdraft.
Published 20 Aug, 2004 12:00am
US MIDDAY: gold extends rally on faltering dollar

US MIDDAY: gold extends rally on faltering dollar

COMEX gold extended its rally early Thursday, clearing $410 an ounce, as a faltering dollar and runaway oil prices made the shiny hard asset an easy choice for investors.
Published 20 Aug, 2004 12:00am
Next 6 months crucial for PIA: Saeed

Next 6 months crucial for PIA: Saeed

Chairman of Pakistan International Airline (PIA) Ahmed Saeed on Thursday said that next six month are crucial for PIA.
Published 20 Aug, 2004 12:00am
Bomber's identity: DNA test report awaited, SHC told

Bomber's identity: DNA test report awaited, SHC told

The DNA samples were collected from the petitioner, mother of missing Mohammed Ali Khatri, and his two brothers and also some remains of the alleged suicide bomber, who exploded himself inside Imambargah Ali Raza, have been sent to DNA laboratory in Punja
Published 20 Aug, 2004 12:00am
Book on Pakistan to be launched in Baltimore

Book on Pakistan to be launched in Baltimore

The Jinnah Foundation of Peace and Public Policy will hold a function on September 12, in Baltimore for launching Hassan Abbas's book, titled 'Pakistan's drift into extremism,' who is a research scholar at Harvard.
Published 20 Aug, 2004 12:00am
NBP allowed maximum lending to SMEs

NBP allowed maximum lending to SMEs

National Bank of Pakistan (NBP) will start lending to small and medium enterprises (SMEs) in a big way as the State Bank of Pakistan (SBP) has provide an exemption of lending to SME sector.
Published 20 Aug, 2004 12:00am
Dance school

Dance school

For many persons it will be shocking to know that there exists in the federal capital of the Islamic Republic of Pakistan in the posh area of F-8, an institution for learning dance.
Published 20 Aug, 2004 12:00am
Karo - Kari

Karo - Kari

The Government is consulting other Islamic governments whether the honour killing (Karo-Kari) is Islamic or not. And, can the State be the Wali in certain cases to protect a woman against the inhuman atrocity likely to be meted out to her by the other mem
Published 20 Aug, 2004 12:00am
Removal of encroachments

Removal of encroachments

Public road approach streets leading to colony 20 x 100 foot encroachment, may kindly be checked by the deputing officials of CDKG and KBCA as we, the residents of Madni Colony, are disillusioned by the total silence and no action against the encroachers
Published 20 Aug, 2004 12:00am
Germans say enlargement fears coming true on border

Germans say enlargement fears coming true on border

Business is not good at the central market in the eastern German town of Goerlitz on the border with Poland. Marcell Leuchner, 33, hawking clothes, shoes and imitation leather bags from his stall off the Marienplatz, says May's enlargement of the European
Published 20 Aug, 2004 12:00am
Capping non-executive directors' liability

Capping non-executive directors' liability

Although there is no official definition provided for a director. However, in view of the established case law, directors include any person occupying the position of a director by whatever named called.
Published 20 Aug, 2004 12:00am
Improving public sector education

Improving public sector education

Speaking at a function in connection with the Independence Day celebrations, Lahore Nazim, Mian Amir Mehmood, lamented the poor state of the education in the country.
Published 20 Aug, 2004 12:00am
Shaukat's victory

Shaukat's victory

The easy victory of Finance Minister Shaukat Aziz to the National Assembly seats from Attock and Tharparker constituencies is no surprise as in our political history a bye-election victory invariably falls in the lap of the ruling party, in this case the
Published 20 Aug, 2004 12:00am
Tributes paid to psychiatrist

Tributes paid to psychiatrist

Glowing tributes were paid to late Professor Dr Muhammad Rashid Chaudhary, legend in psychiatry and founder of the Fountain House, at a function held in connection with his fourth death anniversary.
Published 20 Aug, 2004 12:00am
Fishermen stage sit-in against non-release of water

Fishermen stage sit-in against non-release of water

Hundreds of fishermen including women under the aegis of Pakistan Fisher-folk Forum staged a two-hour sit-in on Kotri Bridge here on Thursday to protest against non-release of water downstream the Kotri Barrage and its negative impact on the deltaic regio
Published 20 Aug, 2004 12:00am
Bollywood stars to visit SKMH

Bollywood stars to visit SKMH

A 10-member delegation of Indian film industry will be visiting Shaukat Khanum Memorial Cancer Hospital and Research Centre in the first week of September.
Published 20 Aug, 2004 12:00am
Anti-encroachment drive extended to shopping centres

Anti-encroachment drive extended to shopping centres

The City District Government, Karachi (CDGK), has extended its anti-encroachment drive to main shopping areas of the city and has warned the shopkeepers of penal actions if they do not vacate footpaths immediately.
Published 20 Aug, 2004 12:00am
ANF advised to stop unnecessary checks on export consignments

ANF advised to stop unnecessary checks on export consignments

The Customs Collectorate (Export) has taken serious note of the exporters' complaints regarding anti-narcotic checks of the export consignments, and advised the Anti Narcotic Force (ANF) to stop unnecessary harassment to the exporters.
Published 20 Aug, 2004 12:00am
Basharat directs expediting work on underpass

Basharat directs expediting work on underpass

Provincial Minister for Law, Justice and Local government Muhammad Basharat Raja has directed the authorities to gear up the construction work on the Rs 350 million, Committee Chowk Underpass project to complete the project before the time.
Published 20 Aug, 2004 12:00am
Ministry suggests steps for women empowerment

Ministry suggests steps for women empowerment

The Women Development Ministry has proposed recommendations to achieve 40 percent women participation in political process to ensure virtual presence of women in elective bodies in accordance with the National Plan of Action.
Published 20 Aug, 2004 12:00am
Freedom car rally held at Gwadar

Freedom car rally held at Gwadar

Visionary Group has arranged Pakistan's first off-road freedom rally to mark the Independence Day at Platinum City of Gwadar.
Published 20 Aug, 2004 12:00am
Emergency ambulance service starts

Emergency ambulance service starts

Federal Minister for Health, Mohammed Nasir Khan has inaugurated an Emergency Ambulance Service by Pakistan Red Crescent Society (PRCS) for the twin cities of Islamabad and Rawalpindi.
Published 20 Aug, 2004 12:00am
BA/BSc results

BA/BSc results

The Punjab University will announce the results of B.A/B.Sc. First Annual Examination 2004 held in March/April 2004, on August 30, 2004.
Published 20 Aug, 2004 12:00am
B Pharmacy exams

B Pharmacy exams

B. Pharmacy Final Professional Ist Annual Examination of 2003 will commence from September 15, 2004.
Published 20 Aug, 2004 12:00am
Khalid to leave for US on August 20

Khalid to leave for US on August 20

Punjab Governor Lieutenant General Khalid Maqbool (Retd) is proceeding on a visit to United States from August 20 to 28.
Published 20 Aug, 2004 12:00am
World food show at Sharjah in October

World food show at Sharjah in October

An International Food Technology Trade Show is being organised from 11-13 October, 2004 at the Expo Centre Sharjah, UAE under the auspices of the Ministry of Agriculture and Fisheries, the sources said.
Published 20 Aug, 2004 12:00am
Steps needed to shed impact of rising oil prices on economy

Steps needed to shed impact of rising oil prices on economy

The current increase in the international oil prices, might hurt the country's economy by its long or short terms' impact and also by not helping the government in bringing down the inflation rate in the coming days, analysts said.
Published 20 Aug, 2004 12:00am
Need stressed to strengthen immunisation plan

Need stressed to strengthen immunisation plan

Urgency to improve routine immunisation coverage in Sindh with a target population of 1.3 million children, aged under one, could be well gauged from the fact that during first half of the current year it came to a mere 35 percent.
Published 20 Aug, 2004 12:00am
Voters list

Voters list

The work on updating of electoral rolls has been started in the district on the direction of Chief Election Commissioner of Pakistan.
Published 20 Aug, 2004 12:00am
FPCCI and SAI congratulate Shaukat on winning by-polls

FPCCI and SAI congratulate Shaukat on winning by-polls

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Riaz Ahmed Tata has congratulated Shaukat Aziz on wining both the Attock and Tharparkar seats of the National Assembly by a heavy margin.
Published 20 Aug, 2004 12:00am
LSE chairman and managing director greet Shaukat

LSE chairman and managing director greet Shaukat

Chairman Syed Asim Zafar and Managing Director Hamid M. Imtiazi of Lahore Stock Exchange (LSE) have felicitated Finance Minister Shaukat Aziz on his success in by-elections from Attock and Tharparkar constituencies.
Published 20 Aug, 2004 12:00am
LCCI and Piaf felicitate Shaukat Aziz

LCCI and Piaf felicitate Shaukat Aziz

Lahore Chamber of Commerce & Industry (LCCI) President and Vice President Mian Anjum Nisar and Shahzad Ali Malik have congratulated the Finance Minister Shaukat Aziz on his success in bye-elections from Attock and Tharparkar.
Published 20 Aug, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (August 19) and the forecast for Friday (August 20, 2004).
Published 20 Aug, 2004 12:00am
KWSB to launch project to control water leakage

KWSB to launch project to control water leakage

Karachi Water and Sewerage Board will launch a multi-billion rupee project to control the water leakage and remove old pipes and rusting joints, said sources.
Published 20 Aug, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 20 Aug, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 20 Aug, 2004 12:00am
Key stock market movements at 1700 GMT on August 19

Key stock market movements at 1700 GMT on August 19

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 20 Aug, 2004 12:00am
LPG production to be almost doubled in coming three months

LPG production to be almost doubled in coming three months

There would be an increase of around 90 percent in the production of liquefied petroleum gas (LPG) in the country during the next three months which would save $100 million annually, highly placed sources of the Oil & Gas Regulatory Authority told the
Published 20 Aug, 2004 12:00am
Transfers and postings of judges

Transfers and postings of judges

Chief Justice of the Lahore High Court (LHC) made transfers and postings amongst as many as 27 judges of lower judiciary.
Published 20 Aug, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (August 19, 2004).
Published 20 Aug, 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 20 Aug, 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 20 Aug, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 19, 2004).
Published 20 Aug, 2004 12:00am
HBFC remitted Rs 43 million so far

HBFC remitted Rs 43 million so far

The House Building Finance Corporation (HBFC) has so far provided remission of rent and interest to the widows who had obtained loans and made investment up to Rs 10 million, officials of the HBFC said.
Published 20 Aug, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (August 19) and rates for Friday (August 20, 2004).
Published 20 Aug, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Friday, August 20, 2004.
Published 20 Aug, 2004 12:00am
Sindh chief minister thanks Pir Pagara

Sindh chief minister thanks Pir Pagara

Sindh Chief Minister, Dr Arbab Ghulam Rahim on Thursday thanked the spiritual head of Hurs, Pir Pagara and members of his Jamaat for their whole hearted participation and support in the Tharparkar constituency NA-229 bye-election held on Wednesday.
Published 20 Aug, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Friday, August 20, 2004.
Published 20 Aug, 2004 12:00am
HEC to set up libraries in Capital: Atta

HEC to set up libraries in Capital: Atta

Higher Education Commission (HEC) Chairman Dr Atta-ur-Rahman has directed to establish seven libraries in different sectors of the federal capital in the first phase of the Commission's Library Project.
Published 20 Aug, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Friday, August 20, 2004.
Published 20 Aug, 2004 12:00am
Pakistan supports just struggle of Kashmiris: Shujaat

Pakistan supports just struggle of Kashmiris: Shujaat

Prime Minister Chaudhry Shujaat Hussain said on Thursday that the government and people of Pakistan fully support the just struggle of Kashmiri people for their right of self-determination.
Published 20 Aug, 2004 12:00am
Survival depends on economic betterment: Prime Minister

Survival depends on economic betterment: Prime Minister

Prime Minister Chaudhry Shujaat Hussain Thursday said the governments in future would only survive on the basis of performance, economic development, poverty alleviation and creation of employment opportunities.
Published 20 Aug, 2004 12:00am
Notices issued to absentee teachers

Notices issued to absentee teachers

Executive District Officer (EDO) Education, Gul Mohammed Hajano has taken serious notice against teachers' absence during his surprise visit to different schools in the city.
Published 20 Aug, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 19, 2004).
Published 20 Aug, 2004 12:00am
AJK traders hail Shaukat's victory

AJK traders hail Shaukat's victory

The business fraternity of Azad Jammu and Kashmir (AJK) has expressed great pleasure over the landslide victory of the prime minister-designate Shaukat Aziz in the by-elections in both Attock and Tharparker constituencies, and termed it the reiteration of
Published 20 Aug, 2004 12:00am
Security beefed up for trains

Security beefed up for trains

The Karachi Railway Division authorities have beefed up security measures for safety of trains and passengers as well as sensitive installations.
Published 20 Aug, 2004 12:00am
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