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Print - 2004-09-03
London sugar ends higher

London sugar ends higher

London white sugar futures settled higher on trade and fund buying against producer selling on Thursday, with active October-December spread trading, dealers said.
Published 03 Sep, 2004 12:00am
New York cotton ends higher, Frances awaited

New York cotton ends higher, Frances awaited

NYBOT cotton futures rose Thursday but held below the previous day's 12-week high as traders waited to see whether Hurricane Frances, which was bearing down on Florida, would drench cotton farms to the north.
Published 03 Sep, 2004 12:00am
Coffee end slightly down after quiet trade

Coffee end slightly down after quiet trade

London robusta coffee futures settled marginally weaker on Thursday after a session of extremely quiet range-bound trade by mainly local investors and small funds, dealers said.
Published 03 Sep, 2004 12:00am
Liffe cocoa consolidates after drop to close down

Liffe cocoa consolidates after drop to close down

London cocoa futures finished slightly lower on Thursday as the market consolidated following a two-day decline that has weakened prices to a two-week low, dealers said.
Published 03 Sep, 2004 12:00am
Jumpy LME copper ends down, but off lows

Jumpy LME copper ends down, but off lows

Speculators pushed copper to its lowest in a week during Thursday's open-outcry sessions on the London Metal Exchange (LME), with further choppy trade expected ahead of key US data, traders said.
Published 03 Sep, 2004 12:00am
Gold eases in ranges eyeing dollar and data

Gold eases in ranges eyeing dollar and data

Gold eased within recently established ranges in Europe on Thursday as the dollar probed higher against major currencies, but moves were restricted by caution ahead of US jobs data on Friday, dealers said.
Published 03 Sep, 2004 12:00am
US MIDDAY: cocoa down on producer selling

US MIDDAY: cocoa down on producer selling

Cocoa futures finished down in a consolidation mode on Thursday, with producer selling helping to extend losses for the third straight session at the start of cocoa-rich West Africa's main crop harvest, traders said.
Published 03 Sep, 2004 12:00am
US MIDDAY: coffee firmer on speculative, fund buying

US MIDDAY: coffee firmer on speculative, fund buying

Benchmark arabica coffee futures inched up on Thursday, but speculative and fund buying was not strong enough to keep the December delivery at a seven-week high it hit earlier in the session, traders said.
Published 03 Sep, 2004 12:00am
US MIDDAY: sugar higher on fund buying

US MIDDAY: sugar higher on fund buying

Raw sugar futures ended marginally higher on Thursday as continued fund buying lifted prices further from the one-month highs set in Wednesday's session, brokers said.
Published 03 Sep, 2004 12:00am
US MIDDAY: wheat falls on profit-taking

US MIDDAY: wheat falls on profit-taking

Chicago Board of Trade wheat futures fell to the day's lows near midday on Thursday on a setback from the strong gains posted earlier this week, traders said.
Published 03 Sep, 2004 12:00am
US MIDDAY: corn futures ease on frost damage

US MIDDAY: corn futures ease on frost damage

Corn futures at the Chicago Board of Trade slid on Thursday on diminished concerns about frost damage threats to the northern Midwest corn crop, after Wednesday's weather rally, traders said.
Published 03 Sep, 2004 12:00am
US MIDDAY: soya falters on weather conditions

US MIDDAY: soya falters on weather conditions

Chicago Board of Trade soyabean futures were lower at midday Thursday as weather outlooks suggested a lesser chance for a freeze across the northern US Midwest, brokers said.
Published 03 Sep, 2004 12:00am
US MIDDAY: copper at one-week low on stop loss selling

US MIDDAY: copper at one-week low on stop loss selling

COMEX copper futures ended at one-week lows Thursday on stop loss selling due to fears of an inventory build, while traders also squared up positions in financial markets ahead of Friday's US employment data.
Published 03 Sep, 2004 12:00am
US MIDDAY: gold declines on weekly jobless claims

US MIDDAY: gold declines on weekly jobless claims

COMEX gold fell early Thursday as traders ignored a jump in weekly jobless claims and reined in long positions before Friday's employment report and an early market close for the US Labour Day holiday on Monday.
Published 03 Sep, 2004 12:00am
Police asked to hone skills

Police asked to hone skills

Sindh Minister for Home and Co-ordination Mohammad Abdul Rauf Siddiqui called upon police officer of Larkana and Shikarpur districts on Thursday to realise their responsibilities, be vigilant against the activities of criminals in their areas to ensure ho
Published 03 Sep, 2004 12:00am
US CAC to investigate manhandling of Imran Khan

US CAC to investigate manhandling of Imran Khan

A Congressional Affairs Committee (CAC) of the United States Custom Services has started investigation into manhandling of Pakistan Tehrik-e-Insaf (PTI) Chief Imran Khan by US authorities at Dulles Airport in Washington last week.
Published 03 Sep, 2004 12:00am
Timber merchants meet Naimat

Timber merchants meet Naimat

A delegation of Karachi Timber Merchants Group on Thursday met City Nazim Naimatullah Khan and apprised him of long pending problems of the timber market.
Published 03 Sep, 2004 12:00am
Paktel and PTA reach settlement on conversion fee

Paktel and PTA reach settlement on conversion fee

A three-member bench of the Supreme Court of Pakistan headed by Justice Faqir Muhammad Khokhar on Thursday was informed that M/s Paktel, a cellular company has settled down the issue with Pakistan Telecommunications Authority (PTA) regarding conversion fe
Published 03 Sep, 2004 12:00am
Senate panel seeks new technologies for unemployed youths

Senate panel seeks new technologies for unemployed youths

The Senate Standing Committee on Education, Scientific and Technological Research has called upon the Ministry of Education to lay focus on evaluating its various programmes initiated under primary education, literacy and non-formal education and educatio
Published 03 Sep, 2004 12:00am
HRD congress next month

HRD congress next month

The Human Resource Development Network will organise second International HRD Congress in the federal capital on October 1.
Published 03 Sep, 2004 12:00am
Pakistan has reservations over draft motion on Syria

Pakistan has reservations over draft motion on Syria

Pakistan along with other Muslim countries and UNSC members, is understood to have expressed its reservations in supporting the draft resolution circulated by United States and France in the UN Security Council on Wednesday, which calls upon Syria to with
Published 03 Sep, 2004 12:00am
Duty on sugar

Duty on sugar

A case to point out is that more than two years back commercial grade sugar was imported and cleared on payment of the import duty as assessed by the customs. Later, on the advice of the valuation department, it was informed that the sugar imported was no
Published 03 Sep, 2004 12:00am
Olympic medals

Olympic medals

What a shame for a nation of almost 150 million not to have its name anywhere on the medals table of Olympic 2004. Wrestling used to be the forte of the early Muslims. The Holy Prophet (PBUH) used to wrestle in his youth. Ali, Umar and Khalid bin Waleed w
Published 03 Sep, 2004 12:00am
Senior citizens

Senior citizens

The approval of a comprehensive relief package by the outgoing Prime Minister Chaudhry Shujaat Hussain is commendable and most welcome. His recommendation to educate the general public to accord respect to the seniors is also heartening and in keeping wit
Published 03 Sep, 2004 12:00am
Overseas Americans sign up in droves for US vote

Overseas Americans sign up in droves for US vote

As the United States heads towards a second consecutive presidential election in which the candidates are running neck-and-neck, an often overlooked constituency - overseas Americans - are signing up in droves to take part, many for the first time in deca
Published 03 Sep, 2004 12:00am
The significance of shipping

The significance of shipping

It is universally accepted that merchant marine is an index of prosperity of a nation whose geographical parameters include navigable waters. The political and/or socio--economic situation is well reflected in the strength of its merchant marine fleet. A
Published 03 Sep, 2004 12:00am
Reverting to the basics

Reverting to the basics

The State Bank of Pakistan, it seems, has finally decided to make the right move. After dithering for a while, it has realised the necessity of raising the interest rate structure in the economy in order to contain the emerging inflationary pressures. As
Published 03 Sep, 2004 12:00am
The Federal Cabinet

The Federal Cabinet

A 32-member Cabinet, headed by Prime Minister Shaukat Aziz, was sworn in by President General Pervez Musharraf in Islamabad on Wednesday, laying to rest all the speculations that ministers who did not perform well in Zafarullah Khan Jamali's government wo
Published 03 Sep, 2004 12:00am
Test matches

Test matches

Sri Lankan cricket team would play two test matches after the conclusion of the forthcoming triangular series between Pakistan, Sri Lanka and Zimbabwe. In a press statement, a PCB spokesman said that the two test matches would be played at Faisalabad and
Published 03 Sep, 2004 12:00am
Road inaugurated

Road inaugurated

District Nazim, Lahore, Mian Amer Mahmood on Thursday inaugurated newly constructed road in 'H' Block, Model Town. It is pertinent to mention that the district administration had closed the said road for general public during Nawaz Sharif's regime as a pa
Published 03 Sep, 2004 12:00am
Haryana chief minister due on September 10

Haryana chief minister due on September 10

Chief Minister Haryana (India) Om Prakash Chautala will be visiting Pakistan (Punjab) from September 10 to 13 along with a 50-member delegation comprising his four ministers, parliamentarians, editors, writers and people from other walks of life, said Wor
Published 03 Sep, 2004 12:00am
Envoys galore

Envoys galore

Indonesian diplomats, including ambassadors and consul generals from Saarc countries, Afghanistan, Kazakhstan, high officials from the Indonesian foreign office and staff of the embassies gathered at Lahore recently at a three-day conference.
Published 03 Sep, 2004 12:00am
Millat Group and MCB ink agreement

Millat Group and MCB ink agreement

Millat Equipment Limited, a Millat Group Company, and Muslim Commercial Bank, signed an agreement on Thursday, under which MCB will provide long-term financing to the company for setting up of automotive gear manufacturing facility in Lahore.
Published 03 Sep, 2004 12:00am
Millat Group and MCB ink agreement

Millat Group and MCB ink agreement

Millat Equipment Limited, a Millat Group Company, and Muslim Commercial Bank, signed an agreement on Thursday, under which MCB will provide long-term financing to the company for setting up of automotive gear manufacturing facility in Lahore.
Published 03 Sep, 2004 12:00am
LHC judges to take oath on September 3

LHC judges to take oath on September 3

Chief Justice of the Lahore High Court (LHC) Justice Iftikhar Hussain Chaudhry will administer oath from Justice Sheikh Abdul Rashid, Justice Sardar Muhammad Aslam, Justice Sheikh Hakim Ali and Justice M. Bilal Khan on Friday, September 3, who have been c
Published 03 Sep, 2004 12:00am
CDGL to seek UNESCO help for historical buildings revival

CDGL to seek UNESCO help for historical buildings revival

City District Government Lahore (CDGL) Nazim Mian Amer Mahmood has revealed the city district government was evolving a strategic plan to ban construction of basements in walled city areas and in that regard new commercialisation policy would be announced
Published 03 Sep, 2004 12:00am
Hearing on Hakim Zardari acquittal plea put off

Hearing on Hakim Zardari acquittal plea put off

An accountability court on Thursday adjourned to September 07, the proceedings in a reference against, former senator and father in law of former prime minister Ms Benazir Bhutto, Hakim Ali Zardari and his wife for arguments on their applications for acqu
Published 03 Sep, 2004 12:00am
CDA to monitor industrial estates for spreading pollution

CDA to monitor industrial estates for spreading pollution

To curb air/water pollution in the federal capital, the Capital Development Authority (CDA) is all set to launch a massive campaign to monitor two industrial estates in I-9 and I-10 sectors for spreading pollution, it was reliably learnt on Thursday.
Published 03 Sep, 2004 12:00am
Incinerators to be installed in phases at hospitals: minister

Incinerators to be installed in phases at hospitals: minister

Punjab Minister for Health Dr Tahir Ali Javed said that hospital waste was the major cause of spreading infectious and fatal diseases, however, the present government has decided to install incinerators at all the government hospitals, in phases.
Published 03 Sep, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (September 02) and the forecast for Friday (September 03, 2004).
Published 03 Sep, 2004 12:00am
Piaf-Founders Alliance vows to serve traders

Piaf-Founders Alliance vows to serve traders

Sitting leadership of the Lahore Chamber of Commerce and Industry (LCCI) left no stone unturned to implement the manifesto given by the Piaf-Founders Alliance during last year election campaign as a result of which business activities improved and busines
Published 03 Sep, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 03 Sep, 2004 12:00am
SCBA fetes Supreme Court judges

SCBA fetes Supreme Court judges

The Supreme Court Bar Association (SCBA) hosted a reception for judges of the Supreme Court of Pakistan here on Thursday.
Published 03 Sep, 2004 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.
Published 03 Sep, 2004 12:00am
Quality standards discussed

Quality standards discussed

Director General for Strategic Vision and Quality Assurance of the Higher Education Commission Jalil Ahmad on Thursday called on Punjab University vice-chancellor Arshad Mahmood and discussed matters pertaining to long-term development projects and implem
Published 03 Sep, 2004 12:00am
Key stock market movements at 1700 GMT on September 02

Key stock market movements at 1700 GMT on September 02

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 03 Sep, 2004 12:00am
Transparency in LCCI polls demanded

Transparency in LCCI polls demanded

Opposition leader of the Lahore Chamber of Commerce and Industry (LCCI), Tahir Manzoor Chaudhary, has demanded of the federal commerce secretary, to direct the LCCI management to issue scrutinised voters' lists of chamber class after verifying record of i
Published 03 Sep, 2004 12:00am
PIA to revamp reservation, booking system

PIA to revamp reservation, booking system

PIA is in the process of revamping the whole reservation and booking system, and in this regard the Central Reservation Control (CRC) will be fully automated in the near future.
Published 03 Sep, 2004 12:00am
Soyem

Soyem

Soyem for Sohaila Hassan Abid, wife of writer, poet and critic Hassan Abid, who died after protracted illness here on Wednesday, will be held on September 3 at Masjid Abuzar Ghafari, Block 15, Gulistan-e-Jauhar, after Friday prayers.
Published 03 Sep, 2004 12:00am
'Sugarcane crushing to be delayed'

'Sugarcane crushing to be delayed'

President Kissan Welfare Council Mohammed Ayub Advocate has said that release of sugar in the open market would hit the sugarcane farmers.
Published 03 Sep, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 02, 2004).
Published 03 Sep, 2004 12:00am
Safa to launch Corporate Governance Award

Safa to launch Corporate Governance Award

South Asian Federation of Accountants (Safa) has decided to launch Corporate Governance Award in the forthcoming Safa conference scheduled to be held on 3rd December, 2004 in Colombo.
Published 03 Sep, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (September 02) and rates for Friday (September 03, 2004).
Published 03 Sep, 2004 12:00am
Kazakhstan offers joint trade ventures

Kazakhstan offers joint trade ventures

Kazakhstan has offered Pakistan's private sector joint ventures in agriculture, processing, engineering, pharmaceutical, textile, livestock and ginning sectors.
Published 03 Sep, 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 Thursday, September 02, 2004.
Published 03 Sep, 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 Thursday, September 02, 2004.
Published 03 Sep, 2004 12:00am
WHO to help implement DOTS in Sindh

WHO to help implement DOTS in Sindh

The World Health Organisation (WHO) will assist the Sindh government in implementation of Directly Observed Treatment (DOTS), the community-based programme, to control tuberculosis in the province.
Published 03 Sep, 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 Thursday, September 02, 2004.
Published 03 Sep, 2004 12:00am
Rising number of passengers flying Gulf Air

Rising number of passengers flying Gulf Air

The number of passengers flying Gulf Air from Abu Dhabi continues to rise strongly, further boosting the airline's drive towards its financial target of break even this year while at the same time enhancing the capital's economy.
Published 03 Sep, 2004 12:00am
EU team meets EPB chief

EU team meets EPB chief

Vast potential exists for trade promotion among the South Asian Association for Regional Co-operation (Saarc) countries.
Published 03 Sep, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 02, 2004).
Published 03 Sep, 2004 12:00am
NLC scanners termed a commercial venture

NLC scanners termed a commercial venture

The All Pakistan Shipping Association (Apsa) has described the installation of scanners by the National Logistic Cell at the ports and terminals as a commercial venture which would not only raise the freight levels but also adversely affect the exports.
Published 03 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 02, 2004).
Published 03 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 02, 2004).
Published 03 Sep, 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 03 Sep, 2004 12:00am
JUI to observe black day on September 3

JUI to observe black day on September 3

Jamiat Ulema-i-Islam has planned to observe "Black-Day" on Friday throughout country to condemn the raids of security forces on religious seminaries and arrest of teachers and students.
Published 03 Sep, 2004 12:00am
Mushahid leaves for China to attend political moot

Mushahid leaves for China to attend political moot

A delegation of Pakistan Muslim League (PML) led by its Secretary General Senator Mushahid Hussain Syed was due to leave for Beijing on Thursday to participate in three-day international conference of Asian political parties starting from September 3.
Published 03 Sep, 2004 12:00am
THE RUPEE: falling trend in money market

THE RUPEE: falling trend in money market

The rupee on Thursday continued its weakness in the interbank market, falling three paisa more for buying and selling at Rs 58.82 and Rs 58.84 on persistent demand for the dollars to make import and debt payments, dealers said. The payments of around 40-5
Published 03 Sep, 2004 12:00am
Majlis-i-Amal condemns Kathmandu violence

Majlis-i-Amal condemns Kathmandu violence

Muttahida Majlis-i-Amal (MMA) has strongly condemned the setting a mosque on fire by a violent mob in Nepal's capital Kathmandu describing it a failure of the government in protecting the worship places of minorities in Nepal.
Published 03 Sep, 2004 12:00am
THE RUPEE: falling trend in money market

THE RUPEE: falling trend in money market

The rupee on Thursday continued its weakness in the interbank market, falling three paisa more for buying and selling at Rs 58.82 and Rs 58.84 on persistent demand for the dollars to make import and debt payments, dealers said. The payments of around 40-5
Published 03 Sep, 2004 12:00am
Police training school awarded ISO certificate

Police training school awarded ISO certificate

Police Training School, Chung Lahore has emerged as leading training institute in the country by securing International Standard Organisation (ISO) certificate for maintaining international management standards.
Published 03 Sep, 2004 12:00am
Nadra issues 8.295 million CNICs to expatriates

Nadra issues 8.295 million CNICs to expatriates

National Database and Registration Authority (Nadra) has issued 829,531 National Identity Cards (NICs) to Pakistani nationals living in different foreign countries.
Published 03 Sep, 2004 12:00am
'Kashmir solution to benefit people of both countries'

'Kashmir solution to benefit people of both countries'

City Nazim Naimatullah Khan has said that Kashmir is the main hurdle in the way of better relations between Pakistan and India and its solution would benefit people of both the countries.
Published 03 Sep, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (September 02, 2004).
Published 03 Sep, 2004 12:00am
Shaukat for more effective LG system

Shaukat for more effective LG system

Prime Minister Shaukat Aziz wanted close co-ordination between local governments, MNAs and MPAs to make LG system more effective, said Chairman, National Reconstruction Bureau (NRB) Daniyal Aziz on Thursday.
Published 03 Sep, 2004 12:00am