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Print - 2004-09-09
US MIDDAY: corn range-bound on technically oversold

US MIDDAY: corn range-bound on technically oversold

Corn futures at the Chicago Board of Trade were range-bound early Wednesday as the market tried to bounce after falling nearly 20 cents since last week's high, traders said.
Published 09 Sep, 2004 12:00am
US MIDDAY: soyabean sags on weather forecasts

US MIDDAY: soyabean sags on weather forecasts

Chicago Board of Trade soyabean futures sagged on Wednesday on reports of strong US harvest yields and as mild September weather forecasts pointed to good late US crop development, brokers said.
Published 09 Sep, 2004 12:00am
US MIDDAY: copper slides on quick profits

US MIDDAY: copper slides on quick profits

COMEX copper futures fell sharply Wednesday when an early rise failed to spark fresh buying and some players decided to grab quick profits from Tuesday's advance, traders said.
Published 09 Sep, 2004 12:00am
US MIDDAY: gold slips in Greenspan vigil

US MIDDAY: gold slips in Greenspan vigil

COMEX gold fell to its lowest price in a month early Wednesday, as investors awaited comments by US Federal Reserve Chairman Alan Greenspan, betting that additional dollar-supportive rate tightening was coming.
Published 09 Sep, 2004 12:00am
Turkish team calls on GOC

Turkish team calls on GOC

A three-member Turkish delegation headed by Major General Muzaffar currently on an official visit to Pakistan, called on General Officer Commanding (GOC), Major General Bilal Omar Khan in his office at the Divisional Headquarters here on Wednesday.
Published 09 Sep, 2004 12:00am
FGDC extends admissions date till September 11

FGDC extends admissions date till September 11

The Principal, Federal Government Degree College Hyderabad has extended admissions date for Class XI for the academic year 2004-05 till September 11, with late fee.
Published 09 Sep, 2004 12:00am
Wapda served notice in appointment case

Wapda served notice in appointment case

The Lahore High Court (LHC) on Wednesday issued a notice to the concerned Wapda authorities for reply on a petition of a candidate seeking appointment on merit.
Published 09 Sep, 2004 12:00am
IOK issue cannot be sidelined: Kasuri

IOK issue cannot be sidelined: Kasuri

Foreign Minister Khurshid Mehmood Kasuri has said Indian occupied Kashmir is very important issue for Pakistan and cannot be sidelined.
Published 09 Sep, 2004 12:00am
Targets in oil and gas sector to be achieved, says Jadoon

Targets in oil and gas sector to be achieved, says Jadoon

Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon said on Tuesday that all out efforts would be made to achieve the targets set by Prime Minister Shaukat Aziz for further boosting oil and gas sector.
Published 09 Sep, 2004 12:00am
Accountability Court reserves order on Benazir's application

Accountability Court reserves order on Benazir's application

An accountability court here on Tuesday reserved order on application challenging framing of charge in NAB reference against former premier Benazir Bhutto and others in respect of illegal recruitment in Pakistan International Airlines (PIA) after hearing
Published 09 Sep, 2004 12:00am
Proposal for District Mohtasibs under study

Proposal for District Mohtasibs under study

The visiting Balochistan Local Government Minister Hafiz Hussain Ahmed Sherwani, leading a 13-member delegation of Balochistan Local Government Commission was briefed about the overall performance of Sindh Local Government Department at a briefing by Mir
Published 09 Sep, 2004 12:00am
Pakistan and India asked to promote peace, harmony in region

Pakistan and India asked to promote peace, harmony in region

Senator Ilyas Ahmed Bilour, President, India-Pakistan Chamber of Commerce and Industry has called upon the governments of India and Pakistan to promote peace and harmony in the region for the prosperity and welfare of the people.
Published 09 Sep, 2004 12:00am
An open letter to Nazim-e-Ala

An open letter to Nazim-e-Ala

A certified land, opposite Marine Academy, main Hawkesbay Road, has been grabbed from the residents of Grax, Madni Colony, by a bunch of land grabbers, who have built a gate, erected a sign board and had it fixed but no action has been contemplated by the
Published 09 Sep, 2004 12:00am
Yet another official Umra

Yet another official Umra

Prime Ministers Shaukat Aziz to perform Umra (PTV news item). Official Umra along with a large retinue in attendance has become part of the swearing-in ceremony of the Presidents and Prime Ministers of this country.
Published 09 Sep, 2004 12:00am
Defence housing schemes

Defence housing schemes

President General Pervez Musharraf during the ground-breaking ceremony of the DHA power and desalination plant in Karachi last month appreciated the Defence Societies and described them as the top residential societies of the country.
Published 09 Sep, 2004 12:00am
Role of expatriate Pakistanis

Role of expatriate Pakistanis

Over 40 Pakistanis, with illegal travel documents, managed to board PIA flights to the UK in one calendar month from Islamabad alone, inspite of the army monitoring teams stationed there.
Published 09 Sep, 2004 12:00am
Saudi moves to reform education system

Saudi moves to reform education system

As Saudi kids head back to school on September 11, the kingdom is moving to reform its education system, dogged by Western claims it fuels extremism and incites hatred of other religions.
Published 09 Sep, 2004 12:00am
Checkmated in wheat imports

Checkmated in wheat imports

Despite two transparent transactions conducted by the Trading Corporation of Pakistan (TCP) for the import of one million tons of wheat, the matter continues to be dogged by controversy.
Published 09 Sep, 2004 12:00am
Reactivating a dormant BOI

Reactivating a dormant BOI

The Board of Investment met last Monday, after a break of five and half years. The last meeting of BOI was chaired by Nawaz Sharif in 1998. Since then dozens of seminars and investment conferences have been held every year, both at home and abroad, and th
Published 09 Sep, 2004 12:00am
SBC elections on November 11

SBC elections on November 11

The elections of the Sindh Bar Council (SBC) will be held on November 11, and its results would be announced on December 20, said a notification issued here on Wednesday.
Published 09 Sep, 2004 12:00am
Sarhad Chamber seeks cut in railway fares

Sarhad Chamber seeks cut in railway fares

Pakistan Railways Lahore Advisory Committee member and SCCI standing committee on railway and dry port chairman, Zia-ul-Haq Sarhadi, has demanded to cut the railway fares to promote trade in the country.
Published 09 Sep, 2004 12:00am
LHC overrules objection

LHC overrules objection

The Lahore High Court (LHC) on Wednesday overruled the objection of the Court office raised in a petition filed against The Bank of Punjab raffle of Rs 25, and directed the office to fix the same before any suitable bench of the LHC.
Published 09 Sep, 2004 12:00am
Unisame concerned over depleted infrastructure

Unisame concerned over depleted infrastructure

The Union of Small & Medium Enterprises (Unisame) has expressed their concern over poor availability of utilities and depleted infrastructure in the city.
Published 09 Sep, 2004 12:00am
Disparity in wheat prices draws criticism

Disparity in wheat prices draws criticism

Independent observers have described the huge disparity of wheat prices between two federating units- Sindh and Punjab- as incomprehensible and against all norms of justice.
Published 09 Sep, 2004 12:00am
Advice to federal government employees

Advice to federal government employees

The Office of the Directorate General of Pakistan Revenue, Sub-office, Karachi, has informed that all federal government employees should collect their account GP Fund slip 2003-04 from their DDOs offices.
Published 09 Sep, 2004 12:00am
Body to ensure environmental standards

Body to ensure environmental standards

The Sindh government on Wednesday set up a four-member scrutiny committee to ensure maintenance of environment standards by private and public organisations working in the province to determine the quality of potable water.
Published 09 Sep, 2004 12:00am
Brazil envoy for boosting two-way trade

Brazil envoy for boosting two-way trade

Fausto M Godoy, Ambassador of Brazil in Pakistan, has proposed that the businessmen of both countries should intensify their interaction leading to identification of new areas of co-operation.
Published 09 Sep, 2004 12:00am
97 Pakistani prisoners languishing in Thai jails

97 Pakistani prisoners languishing in Thai jails

About 97 prisoners are languishing in different Thai jails and facing brute sentence from 25 to 100 years. Three of those prisoners have committed suicide after losing hope of release while another died of AIDS, said Global Foundation (GF) President and E
Published 09 Sep, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (September 08) and the forecast for Thursday (September 09, 2004).
Published 09 Sep, 2004 12:00am
Implementation of education laws urged

Implementation of education laws urged

The Society for the Protection of the Rights of Child (Sparc) has called for implementation of compulsory education laws in the three provinces of Pakistan and the Federally Administered Tribal Areas (Fata) so that every Pakistani child goes to school.
Published 09 Sep, 2004 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.
Published 09 Sep, 2004 12:00am
Rs 44.68 million FEF budget for 2004-05 approved

Rs 44.68 million FEF budget for 2004-05 approved

The 17th meeting of the board of directors of Frontier Education Foundation (FEF) has approved Rs 6 million for awarding scholarships to students of the NWFP during 2004-05.
Published 09 Sep, 2004 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.
Published 09 Sep, 2004 12:00am
Piaf-Founders assured support

Piaf-Founders assured support

Participants at a function arranged by the Piaf-Founders Alliance to introduce its candidates for the Associate and Chamber class executive committee seats elections 2004-05 of the LCCI, assured their full support to alliance.
Published 09 Sep, 2004 12:00am
Key stock market movements at 1700 GMT on September 08

Key stock market movements at 1700 GMT on September 08

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 09 Sep, 2004 12:00am
Ashfaq Ahmed's death condoled

Ashfaq Ahmed's death condoled

LCCI President Mian Anjum Nisar, Senior Vice President Mian Misbah-ur-Rehman and Vice President Shahzad Ali Malik have expressed their profound grief over the sad demise of renowned scholar and author Ashfaq Ahmad.
Published 09 Sep, 2004 12:00am
APNS greets Nizami and Khattak

APNS greets Nizami and Khattak

All Pakistan Newspapers Society (APNS) Secretary-General Mohammad Aslam Kazi has congratulated Arif Nizami and Dr Jabbar Khattak on their elections as the president and the secretary general, respectively of the Council of Pakistan Newspapers Editors (CPN
Published 09 Sep, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (September 08, 2004)
Published 09 Sep, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
Pak-India talks fizzle out, claims MJC

Pak-India talks fizzle out, claims MJC

Muttahida Jehad Council (MJC) Chairman Syed Salahuddin has declared Pak-India foreign ministers-level talks as completely unsuccessful and disappointing, adding: "The people of occupied Jammu and Kashmir and Mujahideen were not expecting any results from
Published 09 Sep, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (September 08) and rates for Thursday (September 09, 2004).
Published 09 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 09, 2004.
Published 09 Sep, 2004 12:00am
Three medical institutions of Karachi to be upgraded

Three medical institutions of Karachi to be upgraded

The government is upgrading three major medical institutions of Karachi at a cost of Rs 353.374 million during 2004. According to the government document "Health Sector Reforms", these medical institutions are Jinnah Post-graduate Medical Centre (JPMC), N
Published 09 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 09, 2004.
Published 09 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 09, 2004.
Published 09 Sep, 2004 12:00am
Free phone scheme extended till September 10

Free phone scheme extended till September 10

Keeping in view the tremendous response and interest from public, Pakistan Telecommunication Company Limited (PTCL) has extended free telephone connection scheme until September 10.
Published 09 Sep, 2004 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
CPA delegates meet Soomro

CPA delegates meet Soomro

The delegates, currently attending the 50th Session of the Commonwealth Parliamentary Association (CPA) in Toronto, met Chairman Senate, Mohammedmian Soomro.
Published 09 Sep, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
Minister seeks women's role in uplift

Minister seeks women's role in uplift

Sindh Minister for Labour, Transport, Industries & Commerce Adil Siddiqui has urged on women entrepreneurs to come forward and actively contribute to the economic development of the country.
Published 09 Sep, 2004 12:00am
NLC clarifies 'Scanners' installation issue

NLC clarifies 'Scanners' installation issue

The National Logistic Cell has taken exception to the aspersions cast by All Pakistan Shipping Association in a news item published in Business Recorder issue of September 3, 2004, captioned 'NLC scanners termed a commercial venture', terming it as
Published 09 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
PPA assures support to Pervaiz Group

PPA assures support to Pervaiz Group

Pakistan Poultry Association (PPA) has assured its full support to the Mian Pervaiz Aslam Group (MPAG) contesting the September 15 polls of the Rawalpindi Chamber of Commerce and Industry (RCCI).
Published 09 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
Various trade bodies back Founders

Various trade bodies back Founders

Former Chairmen of Pakistan Carpet Manufacturers and Exporters Association and Pakistan Tanners Association Malik Muhammad Latif and Agha Saidain, while posing their confidence in the Founder's leadership, have assured all out support to its candidates on
Published 09 Sep, 2004 12:00am
CPNE elects office-bearers

CPNE elects office-bearers

The Council of Pakistan Newspaper Editors (CPNE) held its annual general meeting for 2004-05 last Tuesday at the Islamabad Club, chaired by former CPNE senior vice-president Altaf Hassan Qureshi.
Published 09 Sep, 2004 12:00am
Adviser to chief minister holds open kutchery

Adviser to chief minister holds open kutchery

The Sindh government is committed to improve the living standard of common man with particular emphasis on rural areas irrespective of cast, creed and colour.
Published 09 Sep, 2004 12:00am
THE RUPEE: 20 paisa fall in 3 days in kerb

THE RUPEE: 20 paisa fall in 3 days in kerb

Rising demand for dollars in the interbank market on Wednesday pushed the rupee value sharply down in the open market, shedding 12 paisa for buying and selling at Rs 59.40 and Rs 59.50, dealers said. Thus, the rupee has lost 20 paisa versus dollar since t
Published 09 Sep, 2004 12:00am
Ashfaq Ahmed's death condoled

Ashfaq Ahmed's death condoled

Senate Chairman Mohammedmian Soomro and Acting Chairman Senate Khalil-ur-Rehman have condoled the sad demise of renowned writer, playwright, intellectual and broadcaster Ashfaq Ahmed, who died in Lahore.
Published 09 Sep, 2004 12:00am
THE RUPEE: 20 paisa fall in 3 days in kerb

THE RUPEE: 20 paisa fall in 3 days in kerb

Rising demand for dollars in the interbank market on Wednesday pushed the rupee value sharply down in the open market, shedding 12 paisa for buying and selling at Rs 59.40 and Rs 59.50, dealers said. Thus, the rupee has lost 20 paisa versus dollar since t
Published 09 Sep, 2004 12:00am
WHO official discusses polio eradication plan on September 9

WHO official discusses polio eradication plan on September 9

The WHO Regional Director for the Eastern Mediterranean Region, Dr Hussein A. Gezairy, will discuss matters related to polio eradication with Sindh health department authorities, including CM's Advisor on health Faisal Malik Gabol, and Sindh Health Secret
Published 09 Sep, 2004 12:00am
Pakistan and Japan to enhance co-operation in health sector

Pakistan and Japan to enhance co-operation in health sector

A five-member delegation of Japan International Co-operation Agency (JICA) led by its Advisor to the President Takao Kawakani called on Federal Minister for Health Mohammad Nasir Khan and discussed the implementation status of Japan Funded programmes in P
Published 09 Sep, 2004 12:00am
$300 million resort project lying dormant

$300 million resort project lying dormant

A project to develop a tourist spot at Bundle Island by a Saudi firm at a cost of 300 million dollars has hit snags as no progress has been made since the signing of the memorandum of understanding (MoU) in March.
Published 09 Sep, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (September 08, 2004)
Published 09 Sep, 2004 12:00am
Balochistan chief minister briefs Musharraf on law and order

Balochistan chief minister briefs Musharraf on law and order

The Chief Minister of Balochistan, Jam Mohammad Yousaf, called on the President General Pervez Musharraf on Wednesday and briefed him about the law and order situation and the pace of development projects in the province.
Published 09 Sep, 2004 12:00am
UNICEF and WFP to spend $27 million for girls education

UNICEF and WFP to spend $27 million for girls education

The United Nations Children's Fund (UNICEF) and UN World Food Program (WFP) on Wednesday signed an agreement to jointly launch a programming of around 27 million dollars with WFP share of $18.1 million and UNICEF contributing $8.9 million to accelerate gi
Published 09 Sep, 2004 12:00am
Member to Member

Member to Member

Members have subsequently reported the transactions on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (September 08, 2004).
Published 09 Sep, 2004 12:00am
One dies, four injured in oil mill blast

One dies, four injured in oil mill blast

A man lost his life while four others sustained burn injuries as boiler of SK&Y Cooking Oil Mill exploded at 2.45 am, near Fateh Chowk, here on Wednesday.
Published 09 Sep, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 09 Sep, 2004 12:00am
South Korea to train 30 experts in broadband, e-government areas

South Korea to train 30 experts in broadband, e-government areas

South Korea would train 30 Pakistani experts in broadband internet and e-government areas as part of enhancing co-operation between the two countries; whereas China has promised to send a team to prepare a feasibility report for setting up IT parks in Pak
Published 09 Sep, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 09 Sep, 2004 12:00am