AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.10 Increased By ▲ 0.40 (0.31%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.57 Decreased By ▼ -0.03 (-0.65%)
DCL 8.80 Increased By ▲ 0.01 (0.11%)
DFML 41.80 Increased By ▲ 0.22 (0.53%)
DGKC 86.00 Increased By ▲ 0.21 (0.24%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.15 Increased By ▲ 0.60 (5.69%)
HUBC 110.99 Increased By ▲ 0.22 (0.2%)
HUMNL 14.91 Decreased By ▼ -0.16 (-1.06%)
KEL 4.90 Increased By ▲ 0.02 (0.41%)
KOSM 7.43 Decreased By ▼ -0.02 (-0.27%)
MLCF 40.30 Decreased By ▼ -0.22 (-0.54%)
NBP 61.75 Increased By ▲ 0.70 (1.15%)
OGDC 194.98 Increased By ▲ 0.11 (0.06%)
PAEL 27.45 Decreased By ▼ -0.06 (-0.22%)
PIBTL 7.84 Increased By ▲ 0.03 (0.38%)
PPL 153.50 Increased By ▲ 0.97 (0.64%)
PRL 26.87 Increased By ▲ 0.29 (1.09%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 84.10 Decreased By ▼ -0.04 (-0.05%)
TELE 8.02 Increased By ▲ 0.06 (0.75%)
TOMCL 36.94 Increased By ▲ 0.34 (0.93%)
TPLP 8.75 Increased By ▲ 0.09 (1.04%)
TREET 17.38 Decreased By ▼ -0.28 (-1.59%)
TRG 58.90 Increased By ▲ 0.28 (0.48%)
UNITY 26.84 Decreased By ▼ -0.02 (-0.07%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,644 Increased By 452.5 (0.48%)
KSE30 29,391 Increased By 189.5 (0.65%)
Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-09-08
Seoul shares down

Seoul shares down

Seoul shares closed a touch lower on Tuesday, as investors steered clear of risky stock purchases ahead of a central bank rate setting meeting and the expiry of derivatives later in the week.
Published 08 Sep, 2004 12:00am
GMAC euro bond kicks off quarterly issuance

GMAC euro bond kicks off quarterly issuance

New deals dominated the European corporate bond market Tuesday with General Motors's euro denominated bond sale expected to shift fourth quarter issuance into gear.
Published 08 Sep, 2004 12:00am
GMAC euro bond kicks off quarterly issuance

GMAC euro bond kicks off quarterly issuance

New deals dominated the European corporate bond market Tuesday with General Motors's euro denominated bond sale expected to shift fourth quarter issuance into gear.
Published 08 Sep, 2004 12:00am
FTSE-100 ekes out 12th gain in 13 days as telecoms rise

FTSE-100 ekes out 12th gain in 13 days as telecoms rise

Britain's top shares nudged to another four-month high on Tuesday as strong telecoms stocks and a bright return to action on Wall Street helped counter the impact of weak drugs and mining stocks.
Published 08 Sep, 2004 12:00am
Sterling hits seven-month low

Sterling hits seven-month low

Sterling tumbled to seven-month lows on a trade-weighted basis on Tuesday, extending losses of recent weeks as an unexpected fall in UK factory output fanned expectations domestic interest rates might not rise much more.
Published 08 Sep, 2004 12:00am
Dollar steps back in London trade

Dollar steps back in London trade

The dollar eased further off last week's highs against the euro and yen on Tuesday as investors turned cautious ahead of Wednesday's assessment of the US economy by Federal Reserve chief Alan Greenspan.
Published 08 Sep, 2004 12:00am
Coffee futures drop to one-month low

Coffee futures drop to one-month low

Fund selling pressure drove London robusta coffee futures to a one-month low on Tuesday, dealers said. After opening unchanged at the day's high of $654 a tonne Liffe's benchmark November contract finished down $12 at $642 a tonne amid turnover of 4,027 l
Published 08 Sep, 2004 12:00am
London cocoa at seven-week low

London cocoa at seven-week low

Liffe cocoa futures dived through support on Tuesday afternoon after another bout of fund liquidation and closed about 5 percent weaker at a seven-week low, dealers said.
Published 08 Sep, 2004 12:00am
New cocoa marketing system planned for Ivory Coast

New cocoa marketing system planned for Ivory Coast

Ivory Coast is planning a new cocoa marketing system with an exchange in the main city of Abidjan and a series of specially designated warehouses dotted around growing regions, officials said.
Published 08 Sep, 2004 12:00am
Oil extends falls, Opec says market well-supplied

Oil extends falls, Opec says market well-supplied

US oil prices eased on Tuesday as the head of the Opec cartel said markets were well-supplied with crude and traders continued to take profits from this year's 40 percent rally.
Published 08 Sep, 2004 12:00am
London sugar prices slip

London sugar prices slip

London's sugar market shed early gains to close lower on Tuesday amid renewed roll-over activity by the funds, dealers said.
Published 08 Sep, 2004 12:00am
New York cotton rebounds from 10-day lows

New York cotton rebounds from 10-day lows

NYBOT cotton futures bounced from limit-down losses to a higher close on Tuesday, as concerns over Hurricane Ivan grew in the aftermath of Tropical Storm Frances which hit cotton crops in the US Southeast over the weekend.
Published 08 Sep, 2004 12:00am
Base metals seen staying shy of 2004 peaks

Base metals seen staying shy of 2004 peaks

Industrial metals prices will struggle to rescale the heights during the next four months, but tight supply will keep markets bubbling, analysts said on Tuesday.
Published 08 Sep, 2004 12:00am
LME copper punches higher on bank buying in kerb

LME copper punches higher on bank buying in kerb

London Metal Exchange (LME) copper sprang higher in kerb trading on Tuesday, with bank and trade buying propelling the price above the 10-day moving average, which triggered further buy-stops, dealers said.
Published 08 Sep, 2004 12:00am
Gold and silver drop sharply in Europe

Gold and silver drop sharply in Europe

Gold fell through support at $400 to its lowest in over three weeks as funds sold plays established last week on security fears around the US Republican National Convention, dealers said.
Published 08 Sep, 2004 12:00am
US MIDDAY: coffee plunges on fund selling

US MIDDAY: coffee plunges on fund selling

Arabica coffee futures closed down Tuesday on follow-through fund selling from the previous session, while weather conditions remain favourable for most coffee belts across Latin America, traders said.
Published 08 Sep, 2004 12:00am
US MIDDAY: cocoa lower on crop conditions

US MIDDAY: cocoa lower on crop conditions

Benchmark cocoa futures fell 5.9 percent to eight-week lows on Tuesday, extending losses for the fifth straight day, as speculators reacted to good crop conditions in top growing region West Africa, traders said.
Published 08 Sep, 2004 12:00am
US MIDDAY: sugar down on speculative, fund sales

US MIDDAY: sugar down on speculative, fund sales

NYBOT raw sugar futures settled lower on Tuesday amid speculative and fund sales into sell-stop orders, as the market's recent rally seemed to stall, brokers said.
Published 08 Sep, 2004 12:00am
US MIDDAY: wheat tumbles on spill-over pressure

US MIDDAY: wheat tumbles on spill-over pressure

Soft red winter wheat futures at the Chicago Board of Trade fell early on Tuesday on spill-over pressure from a sharp drop in soybeans and corn, traders said.
Published 08 Sep, 2004 12:00am
US MIDDAY: soyabeans plunge on outlooks

US MIDDAY: soyabeans plunge on outlooks

Soyabean futures at the Chicago Board of Trade plunged on Tuesday on outlooks for satisfactory crop weather this week in the Midwest, which should help crops mature, traders said.
Published 08 Sep, 2004 12:00am
US MIDDAY: gold falls below $400-an-ounce

US MIDDAY: gold falls below $400-an-ounce

COMEX gold fell below the $400-an-ounce chart support point early Tuesday as traders lightened risk insurance after a long weekend and said the buying before last week's Republican Convention now looked overdone.
Published 08 Sep, 2004 12:00am
Lawyers observe black day

Lawyers observe black day

Lawyers on Tuesday observed the black day as a protest against the promotion of two junior judges to Supreme Court, overriding seniority list and merit.
Published 08 Sep, 2004 12:00am
Hearing of petition against two MQM MNAs adjourned

Hearing of petition against two MQM MNAs adjourned

A three-member bench of the Supreme Court headed by Justice Hamid Ali Mirza on Tuesday adjourned hearing of a petition against two MNAs of MQM Muhammad Abid Ali Umang and Nisar Ahmed Pahnwar for September 23 on the request of Advocate General Sindh.
Published 08 Sep, 2004 12:00am
Sarhad Chamber body seeks cut in railway fares

Sarhad Chamber body seeks cut in railway fares

Zia-ul-Haq Sarhadi, member, Pakistan Railways Advisory Committee, Lahore, and chairman, SCCI standing committee on railway and dry port, has demanded of Railway Minister Mian Shamim Haider to cut the railway fares to promote trade in the country.
Published 08 Sep, 2004 12:00am
Plan to impart training to Hujjaj chalked out

Plan to impart training to Hujjaj chalked out

A comprehensive programme has been chalked to train intending pilgrims for the Hajj-2005. The Saudi Government had acquired the services of a private company to impart training to the master trainers of intending pilgrims, Secretary Ministry of Religious
Published 08 Sep, 2004 12:00am
Prisoners' exchange

Prisoners' exchange

This letter is addressed to the people of Pakistan, the brave nation, the mighty nation who have in possession all the nuclear arsenal to blast into the State of India and beyond.
Published 08 Sep, 2004 12:00am
Contempt of Court Ordinance

Contempt of Court Ordinance

On reading the ordinance, one finds perfect enactment, good reading and elaborate material, thanks to President General Pervez Musharraf.
Published 08 Sep, 2004 12:00am
Markup on markup

Markup on markup

The readers are well aware that the banking system was switched over to the Islamic banking w.e.f January 1985.
Published 08 Sep, 2004 12:00am
High-speed chase through the sky to catch piece of the Sun

High-speed chase through the sky to catch piece of the Sun

In a plot line worthy of a science fiction blockbuster, NASA scientists have hired Hollywood stunt pilots to stage a high-speed chase through the sky over Utah in a daring bid to catch a piece of the Sun before it crashes to Earth.
Published 08 Sep, 2004 12:00am
Making education need-oriented

Making education need-oriented

Speaking at the Punjab University's Human Resource Development Centre on Monday, Governor Lieutenant General Khalid Maqbool (Retd) pointed to an important national requirement.
Published 08 Sep, 2004 12:00am
Chief Justice grieved

Chief Justice grieved

Chief Justice of Pakistan Justice Nazim Hussain Siddiqui and other judges of the apex court were grieved to learn about the sad demise of Major Muhammad Iqbal Cheema (Retd) father-in-law of Justice Javed Buttar of Supreme Court who passed away at Gujranwa
Published 08 Sep, 2004 12:00am
Suicide trend increasing alarmingly

Suicide trend increasing alarmingly

More than 700 people have committed suicide in the country during the first seven months of the current year to escape various problems, mostly economic, they were facing, while 400 people have attempted to suicide.
Published 08 Sep, 2004 12:00am
IBP's training programme

IBP's training programme

The Institute of Bankers Pakistan (IBP) is holding a 5-day training programme for commerce professors & lecturers. Focusing on critical areas of banking and finance, the programme aims at providing an opportunity of learning on current trends, innovation
Published 08 Sep, 2004 12:00am
WCCI formed to promote female entrepreneurs

WCCI formed to promote female entrepreneurs

The women entrepreneurs here on Tuesday announced the formation of the Women Chamber of Commerce & Industry (WCCI) NWFP chapter to provide a forum for highlighting their problems and promote women entrepreneurs in the province.
Published 08 Sep, 2004 12:00am
NWFP officials asked to make just use of resources

NWFP officials asked to make just use of resources

Senior Minister of NWFP Sirajul Haq asked authorities and officials associated with audit, accounts and budget-making affairs to ensure transparent and judicious use of resources and make all funding and budgeting on the basis of facts and needs instead o
Published 08 Sep, 2004 12:00am
Monitoring cell set up in AJK high court

Monitoring cell set up in AJK high court

Chief Justice of Azad Jammu and Kashmir High Court Justice Muhammad Riaz Akhtar Chaudhry has set up a monitoring cell to provide quick justice to the masses and to make judicial system more dynamic.
Published 08 Sep, 2004 12:00am
Bangladesh to import dates from Pakistan

Bangladesh to import dates from Pakistan

The Pakistani exporters and Bangladeshi importers are expected to sign an agreement for supply of date to Bangladesh before the start of Holy month of Ramazan.
Published 08 Sep, 2004 12:00am
Decorvet takes over as head of Nestle

Decorvet takes over as head of Nestle

In a routine change of market heads at Nestlé Milkpak Ltd, Roland Decorvet has taken over from Friedrich G. Mahler on September 1, 2004. Mahler has proceeded to take over his new assignment in Central West Africa.
Published 08 Sep, 2004 12:00am
Judge banking court

Judge banking court

Chief Justice of the Lahore High Court (LHC) has placed the services of district and sessions judge S. M. Waqar-ul-Hassan Shah Bokhari at the disposal of the federal government for his appointment as judge banking court.
Published 08 Sep, 2004 12:00am
PWC celebrates Defence Day

PWC celebrates Defence Day

The representatives of working class paid homage to the martyrs of 1965 by visiting the memorials of war at Batapur and Burki.
Published 08 Sep, 2004 12:00am
Lawyers observe protest day

Lawyers observe protest day

The lawyers community observed protest day on Tuesday to express their resentment against the elevation of judges in the Supreme Court against merit and in violation of rules and regulations.
Published 08 Sep, 2004 12:00am
Wapda energised over 80,000 villages in 45 years

Wapda energised over 80,000 villages in 45 years

Water and Power Development Authority (Wapda), since its inception in 1959, has electrified as many as 80,979 villages and hutment's, including a record figure of 7,193 during the last fiscal year.
Published 08 Sep, 2004 12:00am
Lahore Chamber assures support to WWF

Lahore Chamber assures support to WWF

The Lahore Chamber of Commerce and Industry (LCCI) would extend every possible help to the World Wide Fund for Nature (WWF), to halt the accelerating destruction of our natural world.
Published 08 Sep, 2004 12:00am
Pakistan's success in telecom sector praised

Pakistan's success in telecom sector praised

The recent remarkable developments in telecom sector in Pakistan attracted participants at the ITU Asia 2004 exhibition and conference inaugurated here on Tuesday.
Published 08 Sep, 2004 12:00am
Supports for Founders extended

Supports for Founders extended

Traders Associations of Chemical Market, Circular Road and Akbari Mandi have announced its support to the candidates of the Founders in the coming elections of the Lahore Chamber of Commerce and Industry (LCCI).
Published 08 Sep, 2004 12:00am
Piaf-Founders Alliance campaign in full swing

Piaf-Founders Alliance campaign in full swing

Piaf-Founders Alliance electioneering campaign is in full swing and different markets and industrial areas of the city are extending support, claimed a spokesman of the alliance here on Tuesday.
Published 08 Sep, 2004 12:00am
Plans to curb desertification, ozone depletion soon

Plans to curb desertification, ozone depletion soon

With a financial assistance of $564,000 from United Nations Development Programme (UNDP), the Ministry of Environment (MoE) would carry out projects for controlling desertification and ozone depletion.
Published 08 Sep, 2004 12:00am
Strength of federal Cabinet challenged

Strength of federal Cabinet challenged

A member of the Lahore High Court Bar Association (LHC), while challenging the strength of the Federal cabinet, has prayed to the court to declare it as unconstitutional, unfair and misuse of authority.
Published 08 Sep, 2004 12:00am
Validity of Al-Hooda Medical Collage challenged

Validity of Al-Hooda Medical Collage challenged

Lahore High Court (LHC) has called for report and comments within three weeks from Al-Hooda Medical Collage in a petition filed by one Shaukat Ali challenging its validity.
Published 08 Sep, 2004 12:00am
Government urged to take note of anomaly in GCCI polls

Government urged to take note of anomaly in GCCI polls

The Shaheen Group in the Gujrat Chamber of Commerce and Industry (GCCI) has urged the government, the Director Trade Organisation (DTO), and the Commerce Ministry to take note of what it termed a fake election of the Chamber organised by the ruling group.
Published 08 Sep, 2004 12:00am
5-marla houses in Punjab exempted from property tax

5-marla houses in Punjab exempted from property tax

Punjab Chief Minister Chaudhry Pervaiz Elahi speaking in the provincial assembly on a private members day, has announced exemption of property tax on all categories of five-marla houses in the province.
Published 08 Sep, 2004 12:00am
Eight bonded labourers released

Eight bonded labourers released

The District and Sessions Judge Islamabad taking action on an application by a brick kiln labourer released at least eight bonded labourers, including women and children here on Tuesday.
Published 08 Sep, 2004 12:00am
The Weather

The Weather

The weather report on Tuesday (September 07) and the forecast for Wednesday (September 08, 2004).
Published 08 Sep, 2004 12:00am
Seminar on 'enhancing economic and trade co-operation

Seminar on 'enhancing economic and trade co-operation

The Lahore Chamber of Commerce and Industry (LCCI) and the Embassy of Indonesia are jointly organising a seminar-cum-business meeting on 'enhancing economic and trade co-operation between Indonesia and Pakistan' here on September 9.
Published 08 Sep, 2004 12:00am
Key stock market movements at 1700 GMT on September 07

Key stock market movements at 1700 GMT on September 07

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 08 Sep, 2004 12:00am
Customs warns ship agents of action

Customs warns ship agents of action

The Collectorate of Customs (preventive) has warned the ship agents of serious action, including cancellation of their licence if they do not carry out their business in accordance with law and to the satisfaction of clients.
Published 08 Sep, 2004 12:00am
Belgian investors advised to invest in Pakistan

Belgian investors advised to invest in Pakistan

The Belgian Trade Minister Patrick Renault has praised the economic development made by Pakistan in the last few years, and has advised the Belgian investors to invest in the country.
Published 08 Sep, 2004 12:00am
Government seeks review visit in Redco case

Government seeks review visit in Redco case

The Federal Government has sought from Supreme Court a review visit to its order rejecting the adjustment of a tax refund entitled to Redco Textile Mills against liabilities of Redco Pakistan Limited, another concern owned by the same family, in 1996.
Published 08 Sep, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (September 07, 2004)
Published 08 Sep, 2004 12:00am
Sindh governor reviews arrangements for 'Ideas 2004'

Sindh governor reviews arrangements for 'Ideas 2004'

Sindh Governor Dr Ishratul Ibad Khan, on Tuesday at a meeting at Governor House, reviewed arrangements for the forthcoming international defence exhibition and seminar 'Ideas 2004' from September 13 to 17 at Expo Centre, Karachi.
Published 08 Sep, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 07, 2004).
Published 08 Sep, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (September 07) and rates for Wednesday (September 08, 2004).
Published 08 Sep, 2004 12:00am
Nadra acquires 'AFIS' to check fake CNICs

Nadra acquires 'AFIS' to check fake CNICs

The National Database and Registration Authority (Nadra) has acquired an Automatic Finger Print Identification System (AFIS) from the French company Sagem, which has the capacity to check at least seven million images of finger prints in one second to eli
Published 08 Sep, 2004 12:00am
No extension in shifting of chemical industries

No extension in shifting of chemical industries

District government has dispelled the impression of any extension in the shifting of chemical industries from the urban areas and asked the chemical industrialists to shift their units outside the city before November 30.
Published 08 Sep, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 07, 2004).
Published 08 Sep, 2004 12:00am
SCB launches first smart branch in Defence

SCB launches first smart branch in Defence

As part of Standard Chartered's commitment to providing world class services and premises, the bank on Tuesday launched its new branch in Defence increasing its branch network to 22 in Pakistan.
Published 08 Sep, 2004 12:00am
Minister asks KESC to ensure quality service

Minister asks KESC to ensure quality service

The Federal Minister for Water and Power, Liaquat Jatoi has stressed upon the KESC engineers to ensure quality services to the people of Karachi underlining the needs for meeting the challenges and opportunities of the 21st century.
Published 08 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 07, 2004).
Published 08 Sep, 2004 12:00am
HRCP demands probe into liquor-related deaths

HRCP demands probe into liquor-related deaths

Human Right Commission of Pakistan, Multan Task Force has demanded a high level judicial inquiry into the liquor-related deaths in Multan, Muzaffargarh, Kotadu, Khangarh and Jatoi.
Published 08 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 07, 2004).
Published 08 Sep, 2004 12:00am
Musharraf urges Muslim world to focus on S&T

Musharraf urges Muslim world to focus on S&T

President General Pervez Musharraf underlined on Tuesday that the Muslim countries must focus on advancement in the fields of science and technology to make use of their enormous potential for a veritable and sustainable socio-economic development.
Published 08 Sep, 2004 12:00am
One killed

One killed

One died and three shops destroyed as blazes erupted in a hotel in Chitral. According to details, Rustam Hotel at Shaghoor some 20km to Chitral caught fire at midnight fell between Monday and Tuesday and spread to other three shops.
Published 08 Sep, 2004 12:00am
THE RUPEE: falling trend in currency market

THE RUPEE: falling trend in currency market

The rupee-dollar parity rates fell marginally in the interbank market on Tuesday at Rs 58.85 and Rs 58.88 for buying and selling, respectively, due to Pak-Arab Refinery (Parco) payment of 100 million dollars, currency market experts said. They said that t
Published 08 Sep, 2004 12:00am
Bilour group announces panel for SCCI polls

Bilour group announces panel for SCCI polls

The Businessmen Forum of Senator Ilyas Ahmad Bilour has announced the panel of its candidates for the executive committee polls of Sarhad Chamber of Commerce & Industry (SCCI) for year 2004-05.
Published 08 Sep, 2004 12:00am
THE RUPEE: falling trend in currency market

THE RUPEE: falling trend in currency market

The rupee-dollar parity rates fell marginally in the interbank market on Tuesday at Rs 58.85 and Rs 58.88 for buying and selling, respectively, due to Pak-Arab Refinery (Parco) payment of 100 million dollars, currency market experts said. They said that t
Published 08 Sep, 2004 12:00am
Previous Day