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Print - 2004-09-24
US MIDDAY: coffee weaker on arbitrage activity

US MIDDAY: coffee weaker on arbitrage activity

Benchmark arabica coffee futures finished a choppy session about 3 percent weaker on Thursday, with producer selling and arbitrage activity checking a two-week bull run, traders said.
Published 24 Sep, 2004 12:00am
US MIDDAY: sugar at two-week high

US MIDDAY: sugar at two-week high

NYBOT raw sugar futures ended Thursday at a two-week high on fund and trade buying, with follow-through interest seen stoking a further advance in the sweetener this week, analysts said.
Published 24 Sep, 2004 12:00am
US MIDDAY: wheat lower on speculative selling

US MIDDAY: wheat lower on speculative selling

Soft red winter wheat futures at the Chicago Board of Trade were lower early on Thursday on only routine exports and on rains this week in the US Plains hard red winter (HRW) wheat region, traders said.
Published 24 Sep, 2004 12:00am
US MIDDAY: corn at new lows on harvest reports

US MIDDAY: corn at new lows on harvest reports

Chicago Board of Trade corn futures sagged on Thursday, with December setting a new contract low for the 10th straight session, on US harvest pressure and reports of excellent yields, brokers said.
Published 24 Sep, 2004 12:00am
US MIDDAY: soyabeans sag on export sales data

US MIDDAY: soyabeans sag on export sales data

Chicago Board of Trade soyabean futures sagged early Thursday as harvest pressure and talk of excellent early yields offset supportive weekly US export sales data, brokers said.
Published 24 Sep, 2004 12:00am
US MIDDAY: copper falls on profit-taking

US MIDDAY: copper falls on profit-taking

Early on Thursday, COMEX copper futures gave back much of their sharp gains in the previous session to 6-month highs, but traders said the fast technical rise gave over to profit takers, as much of the run up ran counter to short-term fundamental readings
Published 24 Sep, 2004 12:00am
US MIDDAY: gold a 3-1/2-week high

US MIDDAY: gold a 3-1/2-week high

COMEX gold rose to a 3-1/2-week high early Thursday, buoyed by a weaker dollar and inflation worries on the surge in oil prices toward recent all-time highs.
Published 24 Sep, 2004 12:00am
Study under way to convert Pakistan Railways into corporation

Study under way to convert Pakistan Railways into corporation

Study underway to convert Pakistan Railways (PR) into a State Corporation with full financial autonomy to facilitate the execution of development strategy with regard to the production of locos and other necessary equipment.
Published 24 Sep, 2004 12:00am
EPB seminar on October 2

EPB seminar on October 2

Export Promotion Bureau (EPB) will hold a seminar on "Credit Incentive for Exporters and Industry" on October 2 at Karachi Expo Centre.
Published 24 Sep, 2004 12:00am
Government planning to turn Balochs into minority in Gwadar: Sasoli

Government planning to turn Balochs into minority in Gwadar: Sasoli

Jamhoori Watan Party Central Deputy Secretary General Abdul Rauf Khan Sasoli while addressing a press conference here on Thursday said the government has planned to settle at least 10 million non-Balochs in Gwadar that would turn the Baloch majority into
Published 24 Sep, 2004 12:00am
Africa looks to harness the sun

Africa looks to harness the sun

Solar panels perched on the roof of Tanghin Dassouri's medical clinic have lit two decades of births and deaths for the 60,000 people in this cluster of villages just outside of Ouagadougou.
Published 24 Sep, 2004 12:00am
NCEL and interest rate futures

NCEL and interest rate futures

In the period just after interest rate futures were listed in the US and began trading in 1975, there were concerns that futures markets in financial instruments could disrupt the underlying cash markets.
Published 24 Sep, 2004 12:00am
Colombo Wala Plunging stocks

Colombo Wala Plunging stocks

Plummeting stocks always expresses the concerns of depression, hopelessness, sadness, recession and dejection in an economy. However, in actuality this is not the case; nose-diving stocks have a tendency to remove the distortion prevailing in the existing
Published 24 Sep, 2004 12:00am
Overseas Pakistanis' investment

Overseas Pakistanis' investment

I would be failing in my moral duty - in case I do not record my utter sense of gratitude for your extraordinary patriotism, which does not prevent you from publishing in your respected daily, strong constructive criticisms of even our senior most politic
Published 24 Sep, 2004 12:00am
Chinese traders in Casablanca cash-in

Chinese traders in Casablanca cash-in

Chinese wholesalers have set up shop in the Moroccan port city of Casablanca, causing a wave of panic among the local traders fearful of being undercut.
Published 24 Sep, 2004 12:00am
Afghan election brings political marketing to wartorn country

Afghan election brings political marketing to wartorn country

"If you are showing the new Afghanistan, you cannot do it with a photo of a cemetery!" explains an exasperated worker with the media production house guiding Afghan presidential candidates into the murky world of political marketing.
Published 24 Sep, 2004 12:00am
Tackling power shortages

Tackling power shortages

Power is a complex phenomenon. Electric power system is no exception. Apprehensions are that the country might experience serious power shortages for which there could be many reasons. The main causes are limited addition in generation capacity as against
Published 24 Sep, 2004 12:00am
Lest the 'iron curtain' falls

Lest the 'iron curtain' falls

Since the US regards President General Pervez Musharraf as an important partner in its war against so-called 'Islamic terrorism', he has been receiving a lot of attention in the US media during his visit to address the UN General Assembly's annual session
Published 24 Sep, 2004 12:00am
Unparliamentary display of temper

Unparliamentary display of temper

The rumpus witnessed in the Senate the other day left a bad taste in the mouth and the reputation of our parliamentarians soiled. The greater onus for running the affairs of the House falls on the treasury, and particularly government ministers.
Published 24 Sep, 2004 12:00am
Huge quantity of fireworks seized: five held

Huge quantity of fireworks seized: five held

Muzaffargarh city police have seized a huge quantity of fireworks and arrested five persons on the charge of possessing explosive material, which may cause a huge destruction in the city.
Published 24 Sep, 2004 12:00am
Union threatens to gherao PTCL headquarters

Union threatens to gherao PTCL headquarters

The Pakistan Telecommunication Union (CBA) has announced to stage 'gherao' the PTCL headquarter in Islamabad on September 30, hold a protest meeting in the premises of PTCL building, and pressurise the administration for acceptance of their genuine demand
Published 24 Sep, 2004 12:00am
Government urged to address internal problems

Government urged to address internal problems

Federal government must pay more attention to internal situation, immediate economic rehabilitation and amelioration of financial hardships of people in the interest of national solidarity and integrity.
Published 24 Sep, 2004 12:00am
'Punjab prepares irrigation plan'

'Punjab prepares irrigation plan'

With a view to overcome the shortage of water, Punjab government has chalked out an irrigation management plan so as to ensure judicious use of available water.
Published 24 Sep, 2004 12:00am
LPG distributors resent hike in prices

LPG distributors resent hike in prices

Distributors of Liquefied Petroleum Gas (LPG) have voiced concern over increase in the prices and threatened to launch a country-wide protest, to press the authorities to take steps to reduce the prices.
Published 24 Sep, 2004 12:00am
Shaukat invited to APNS Awards ceremony

Shaukat invited to APNS Awards ceremony

Prime Minister Shaukat Aziz has been requested to be the chief guest at the 17th APNS Awards Ceremony scheduled to be held in the first week of December, according to a press release.
Published 24 Sep, 2004 12:00am
Co-accused in reference against Nisar released

Co-accused in reference against Nisar released

An accountability court on Thursday accepted appeal of Rashid Ahmed a co-accused in a reference against industrialist Seth Nisar and directed the authorities to release him if he is not required in any other case.
Published 24 Sep, 2004 12:00am
Indian jurists delegation arrives

Indian jurists delegation arrives

A delegation of Indian jurists led by All-India Bar Association (AIBA) President Adish C Agarwal reached here on Thursday through Wagha border.
Published 24 Sep, 2004 12:00am
Nespak presents Rs 58.090 billion Lahore master plan

Nespak presents Rs 58.090 billion Lahore master plan

Nespak on Thursday presented 20 year master plan worth Rs 58.090 billion for uplift of Lahore before the District Council Lahore which would focus on improving drainage, water supply, solid waste disposal, transportation facilities, road infrastructure an
Published 24 Sep, 2004 12:00am
ICT police sets up anti-terrorist squad

ICT police sets up anti-terrorist squad

Islamabad Capital Territory (ICT) Police has set up an Anti-Terrorist Squad (ATS) of the Elite Force at Rescue 15 to control crime ratio in the Federal Capital.
Published 24 Sep, 2004 12:00am
AGM of RCCI put off till September 30

AGM of RCCI put off till September 30

Hussain Ahmed Ozgen President Rawalpindi Chamber of Commerce and Industry (RCCI) has adjourned the 44th Annual General Meeting (AGM) of the chamber till September 30 due incomplete quorum.
Published 24 Sep, 2004 12:00am
New Punjab PPA chairman felicitated

New Punjab PPA chairman felicitated

Sohail Altaf Vice President and Zonal Chairman of Federation of Pakistan Chamber Of Commerce and Industry (FPCCI) has felicitated Dr Hassan Sarosh Akram for winning the election of Chairman Pakistan Poultry Association (PPA) Punjab unopposed.
Published 24 Sep, 2004 12:00am
British high commissioner calls on industries minister

British high commissioner calls on industries minister

British High Commissioner, Lyall Grant CMG, called on Federal Minister of Industries, Production and Special Initiatives, Jahangir Tareen on Thursday and felicitated him on his new appointment.
Published 24 Sep, 2004 12:00am
National anti-corruption day to be observed on December 9

National anti-corruption day to be observed on December 9

National anti-corruption day will be observed by Transparency International (TI) on December 9 to educate the people about rampant corruption, particularly in government departments and seek help of cross-section of population in eradicating this menace f
Published 24 Sep, 2004 12:00am
Tabish Dehlavi passes away

Tabish Dehlavi passes away

Prominent Urdu poet and noted news reader Syed Masood ul Hasan, more prominently known as Tabish Dehlavi passed away here on Thursday after a brief illness. He was 93.
Published 24 Sep, 2004 12:00am
Lucky Cement net profit rises three-fold in FY 2004

Lucky Cement net profit rises three-fold in FY 2004

Lucky Cement Ltd earned an operating profit of Rs 1,034 million during the year ended on 3O June, 2004, registering a growth of 165 percent over the corresponding period.
Published 24 Sep, 2004 12:00am
Lucky Cement net profit rises three-fold in FY 2004

Lucky Cement net profit rises three-fold in FY 2004

Lucky Cement Ltd earned an operating profit of Rs 1,034 million during the year ended on 3O June, 2004, registering a growth of 165 percent over the corresponding period.
Published 24 Sep, 2004 12:00am
Sector I-14 uplift directed

Sector I-14 uplift directed

Capital Development Authority (CDA) Chairman Kamran Lashari has directed the concerned directorate to undertake development of new Sector I-14 by October 15, Business Recorder reliably learnt on Wednesday.
Published 24 Sep, 2004 12:00am
Chief justice takes suo motu action in Khairi case

Chief justice takes suo motu action in Khairi case

Chief Justice Nazim Hussain Siddiqui has intervened in the situation arising out of the arrest and remand of Muhammad Habib-ul-Wahab-ul-Khairi, a senior advocate of the Supreme Court, and called for a report by Friday morning.
Published 24 Sep, 2004 12:00am
Plea to delay implementation of WTO rules

Plea to delay implementation of WTO rules

S.M.Munir, former president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and leader of the Businessmen Alliance (BMA), has urged Prime Minister Shaukat Aziz to use his good office and urge the authorities to delay implementation of
Published 24 Sep, 2004 12:00am
LCCI sees strong economy under Shaukat government

LCCI sees strong economy under Shaukat government

The former President Federation of Pakistan Chambers of Commerce and Industries (FPCCI) Iftikhar Ali Malik has extended unflinching support to Shaukat Aziz government hoping it would steer out Pakistan from its problems like poverty and unemployment.
Published 24 Sep, 2004 12:00am
BoP union holds demonstration

BoP union holds demonstration

Protesting against the dismissal and transfers of lower grade employees, Bank of Punjab workers union held a demonstration in front of Lahore Press Club on Thursday.
Published 24 Sep, 2004 12:00am
DCL asks Musharraf to stay in uniform

DCL asks Musharraf to stay in uniform

District Council Lahore (DCL) in its meeting on Thursday unanimously approved enhancement in parking fee, and passed a resolution demanding President General Pervez Musharraf to stay in uniform to ensure continuity of economic policies and accomplish war
Published 24 Sep, 2004 12:00am
The Weather

The Weather

The weather report on Thursday (September 23) and the forecast for Friday (September 24, 2004).
Published 24 Sep, 2004 12:00am
PJMA elects office-bearers

PJMA elects office-bearers

The Pakistan Jute Mills Association (PJMA) held the elections of new office-bearers on September 20 for 2004-05 term.
Published 24 Sep, 2004 12:00am
Key stock market movements at 1700 GMT on September 23

Key stock market movements at 1700 GMT on September 23

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 24 Sep, 2004 12:00am
Tajammul awarded FPCCI life membership

Tajammul awarded FPCCI life membership

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President has nominated Babar Tajammul, Managing Director of Solar Dynamics Limited and Vice-Chairman of the FPCCI Export Processing and Free Zones Standing Committee as life member of the a
Published 24 Sep, 2004 12:00am
NAB chief admits inability to prevent economic crimes

NAB chief admits inability to prevent economic crimes

National Accountability Bureau (NAB) Chairman Lieutenant General Munir Hafeez on Wednesday admitted bureau's inability to detect and prevent economic crimes being committed by "organised gangs" on "modern and sophisticated" lines.
Published 24 Sep, 2004 12:00am
Lawyers decry Gilani's conviction

Lawyers decry Gilani's conviction

Since the Supreme Court of Pakistan has validated the appointments of 339 persons, who were recruited by former National Assembly speaker Syed Yousaf Raza Gilani, a subordinate court cannot declare them unlawful, and there are so many lacunas and shortcom
Published 24 Sep, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (September 23, 2004)
Published 24 Sep, 2004 12:00am
Prime Minister meets Shujaat

Prime Minister meets Shujaat

Prime Minister Shaukat Aziz had a meeting with President Pakistan Muslim League Chaudhry Shujaat Hussain on Thursday in Lahore and discussed matters pertaining to overall political situation in the country and PML organisational matters.
Published 24 Sep, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 23, 2004).
Published 24 Sep, 2004 12:00am
Pakistan doing all against al Qaeda: Powell

Pakistan doing all against al Qaeda: Powell

United States Secretary of State Colin Powell on Wednesday said Pakistan was "doing everything it can" to wage war against al Qaeda, the terror groups in Afghanistan and the tribal areas.
Published 24 Sep, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (September 23) and rates for Friday (September 24, 2004).
Published 24 Sep, 2004 12:00am
Musharraf-Bush meeting termed successful

Musharraf-Bush meeting termed successful

Minister for Information and Broadcasting Sheikh Rashid Ahmed said that President Musharraf and President George W.Bush made in-depth discussion on terrorism international situation, Iraq, Afghanistan and Indo-Pak relations during their meeting. It was a
Published 24 Sep, 2004 12:00am
Britain increases student visas for Pakistan

Britain increases student visas for Pakistan

British High Commission (BHC) had increased the number of student visas for Pakistanis from 2,000 to 10,000, said Deputy High Commissioner of Britain in Pakistan, Hamesh Denial while talking with local private television channel here on Thursday.
Published 24 Sep, 2004 12:00am
Hyde describes Musharraf as true hero

Hyde describes Musharraf as true hero

Chairman House Committee on International Relations Congressman Henry Hyde on Wednesday described President General Pervez Musharraf as 'true hero' and thanked him profusely for Pakistan's key role in the fight against terror.
Published 24 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 23, 2004).
Published 24 Sep, 2004 12:00am
PSO profit continues to rise: Kirmani

PSO profit continues to rise: Kirmani

Despite stiff competition from multinational companies, Pakistan State Oil's (PSO) profitability continues to rise.
Published 24 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 23, 2004).
Published 24 Sep, 2004 12:00am
PSO profit continues to rise: Kirmani

PSO profit continues to rise: Kirmani

Despite stiff competition from multinational companies, Pakistan State Oil's (PSO) profitability continues to rise.
Published 24 Sep, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 23, 2004).
Published 24 Sep, 2004 12:00am
Registration of seven fake housing societies cancelled

Registration of seven fake housing societies cancelled

The District Magistrate and Deputy Commissioner Islamabad, Tariq Mehmood Pirzada under section 47 of Co-operative Housing Society Act 1925 has ordered winding up of around seven co-operative housing societies in the Federal Capital immediately, Busines
Published 24 Sep, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

A bull can definitely destroy a china shop, but if you need a perfect finish to your work entrust this job to Sher Afgan Khan Niazi, the worthy minister for parliamentary affairs.
Published 24 Sep, 2004 12:00am
Rupee/dollar parity rates turn erratic

Rupee/dollar parity rates turn erratic

The rupee-dollar parity rates turned very erratic in the interbank market on panic buying of the greenback in the absence of unusual selling by the State Bank of Pakistan (SBP), said currency experts. In the early hours, they said the dollar was available
Published 24 Sep, 2004 12:00am
Rupee/dollar parity rates turn erratic

Rupee/dollar parity rates turn erratic

The rupee-dollar parity rates turned very erratic in the interbank market on panic buying of the greenback in the absence of unusual selling by the State Bank of Pakistan (SBP), said currency experts. In the early hours, they said the dollar was available
Published 24 Sep, 2004 12:00am
LPG cylinders price to be revised shortly

LPG cylinders price to be revised shortly

The government has decided to revise the price of LPG cylinder shortly, Petroleum and Natural Resources Minister Amanullah Khan Jadoon informed the National Assembly here on Thursday.
Published 24 Sep, 2004 12:00am
Rs 253.976 billion spent in pro-poor sectors, Senate told

Rs 253.976 billion spent in pro-poor sectors, Senate told

State Minister for Finance and Revenue, Omar Ayub Khan informed the Senate that the total budgetary expenditure in pro-poor sectors was Rs 253.976 billion in 2003-04 and Rs 208.523 billion during 2002-03.
Published 24 Sep, 2004 12:00am
Documentary

Documentary

New Light AIDS Control Awareness Group is launching a documentary "Umeed-e-Sehar" regarding HIV/AIDS on Saturday, September 25 at National College of Arts (NCA), said a press release.
Published 24 Sep, 2004 12:00am
Felicitations

Felicitations

Lahore Custom House Agents Group President, Muhammad Amjad Chaudhry and other office bearers have congratulated the PIAF-Founder Alliance on winning the elections of Lahore Chamber of Commerce and Industry (LCCI) with a huge margin.
Published 24 Sep, 2004 12:00am
Shaukat visits Iqbal's mazar

Shaukat visits Iqbal's mazar

Prime Minister Shaukat Aziz visited the mazar of poet-philosopher Allama Iqbal on Thursday, where DG Rangers Major General Hussain Mehdi received him. A smartly turned out contingent of Rangers presented the guard of honour to the premier.
Published 24 Sep, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (September 23, 2004)
Published 24 Sep, 2004 12:00am
'Pakistan can gain potential $1 billion UK investment'

'Pakistan can gain potential $1 billion UK investment'

Pakistani-origin British investors were willing to do business with Pakistan that has shown fast economic progress in various sectors, and the country could also gain potential $1 billion investment through them.
Published 24 Sep, 2004 12:00am
Member to Member

Member to Member

Members have subsequently reported the transactions on Thursday (September 23, 2004).
Published 24 Sep, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (September 23, 2004).
Published 24 Sep, 2004 12:00am
Pakistan Caucus to strengthen ties with US: President

Pakistan Caucus to strengthen ties with US: President

President General Pervez Musharraf on Wednesday expressed the hope that the Congressional Pakistan Caucus would help strengthen long-term and broad-based relationship between Pakistan and the United States to their mutual benefit.
Published 24 Sep, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 24 Sep, 2004 12:00am