AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)
Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-10-04
US warplanes again pound Fallujah

US warplanes again pound Fallujah

Residents of the Iraqi city of Samarra collected the bodies of their relatives on Sunday, two days after a massive US-Iraqi operation to root out rebels, as US warplanes pounded Fallujah for a third time in just over 24 hours killing at least two people.
Published 04 Oct, 2004 12:00am
CBR launches drive to stop illegal currency and CDs trade

CBR launches drive to stop illegal currency and CDs trade

Taking serious note of increase in smuggling of foreign currency, the Central Board of Revenue (CBR) has launched a comprehensive plan to check illicit trade of currency, compact discs (CDs), narcotics and live animals/birds at the international airports.
Published 04 Oct, 2004 12:00am
CBR launches drive to stop illegal currency and CDs trade

CBR launches drive to stop illegal currency and CDs trade

Taking serious note of increase in smuggling of foreign currency, the Central Board of Revenue (CBR) has launched a comprehensive plan to check illicit trade of currency, compact discs (CDs), narcotics and live animals/birds at the international airports.
Published 04 Oct, 2004 12:00am
Five killed in Indian occupied Kashmir

Five killed in Indian occupied Kashmir

Three Indian army occupation soldiers and two freedom fighters were killed in clashes that erupted in Indian occupied Kashmir on Sunday during a military search operation, police said.
Published 04 Oct, 2004 12:00am
Five killed in Indian occupied Kashmir

Five killed in Indian occupied Kashmir

Three Indian army occupation soldiers and two freedom fighters were killed in clashes that erupted in Indian occupied Kashmir on Sunday during a military search operation, police said.
Published 04 Oct, 2004 12:00am
20 Iraqi pilgrims killed in Iran accident

20 Iraqi pilgrims killed in Iran accident

Twenty people were killed and 21 others injured when a bus packed with Iraqi nationals on a pilgrimage to Iran collided with a truck in the north-east of the Islamic republic, press reports said on Sunday.
Published 04 Oct, 2004 12:00am
Leasing companies to enhance share in money market

Leasing companies to enhance share in money market

Inclusion of locally manufactured machinery in non-banking financial companies (NBFCs) would help broaden the base of leasing companies and would help enhance latter's presentation in the SME sector. The Leasing sector of the country is entering multiple
Published 04 Oct, 2004 12:00am
Leasing companies to enhance share in money market

Leasing companies to enhance share in money market

Inclusion of locally manufactured machinery in non-banking financial companies (NBFCs) would help broaden the base of leasing companies and would help enhance latter's presentation in the SME sector. The Leasing sector of the country is entering multiple
Published 04 Oct, 2004 12:00am
Trade Office to be set up in Shanghai shortly

Trade Office to be set up in Shanghai shortly

The government of Pakistan has decided to set up a Trade Office in Shanghai, which would become operational immediately after Eid-ul-Fitr, said Consulate General-designate Zaffaruddin Mahmood. Addressing the textile tycoons in the head-office of the Pakis
Published 04 Oct, 2004 12:00am
Trade Office to be set up in Shanghai shortly

Trade Office to be set up in Shanghai shortly

The government of Pakistan has decided to set up a Trade Office in Shanghai, which would become operational immediately after Eid-ul-Fitr, said Consulate General-designate Zaffaruddin Mahmood. Addressing the textile tycoons in the head-office of the Pakis
Published 04 Oct, 2004 12:00am
Prime Minister reviews Balochistan law and order situation

Prime Minister reviews Balochistan law and order situation

Prime Minister Shaukat Aziz in a meeting in here on Sunday reviewed the law and order situation in Balochistan. In the meeting at Governor House, the I G Police briefed the Prime Minister on law and order and action being taken by Police to maintain secur
Published 04 Oct, 2004 12:00am
Prime Minister reviews Balochistan law and order situation

Prime Minister reviews Balochistan law and order situation

Prime Minister Shaukat Aziz in a meeting in here on Sunday reviewed the law and order situation in Balochistan. In the meeting at Governor House, the I G Police briefed the Prime Minister on law and order and action being taken by Police to maintain secur
Published 04 Oct, 2004 12:00am
Chinese authors win international reportage prize

Chinese authors win international reportage prize

Chinese authors Chen Guidi and Wu Chuntao have been awarded a prestigious international prize for their expose of corruption and violence against peasants in China, the organisers said Sunday.
Published 04 Oct, 2004 12:00am
US spy plane crashes in Jacobabad

US spy plane crashes in Jacobabad

An unmanned US surveillance plane crashed on Sunday near the southern air base of Jacobabad that is used by US forces operating in neighbouring Afghanistan, police said. "It was a small unmanned plane which crashed early this morning," local police office
Published 04 Oct, 2004 12:00am
US spy plane crashes in Jacobabad

US spy plane crashes in Jacobabad

An unmanned US surveillance plane crashed on Sunday near the southern air base of Jacobabad that is used by US forces operating in neighbouring Afghanistan, police said. "It was a small unmanned plane which crashed early this morning," local police office
Published 04 Oct, 2004 12:00am
Bosnia's nationalists retain grip on power in local elections

Bosnia's nationalists retain grip on power in local elections

Although moderates appear to have gained some ground in Bosnia's third post-war elections over the weekend, which analysts say is encouraging, nationalists prove to be still the leading force in the Balkans country.
Published 04 Oct, 2004 12:00am
Global stocks of nuclear bomb material growing: survey

Global stocks of nuclear bomb material growing: survey

The world's stockpiles of plutonium and highly enriched uranium useable in atomic weapons are growing, despite increasing fears about the security of nuclear materials, a US based think-tank says in a new report.
Published 04 Oct, 2004 12:00am
Locusts invade Mauritanian capital for third time

Locusts invade Mauritanian capital for third time

Locusts have invaded Mauritania's capital Nouakchott for the third time in as many months, forming a massive new swarm munching through what remains of the city's greenery, residents said on Sunday.
Published 04 Oct, 2004 12:00am
IRA would disarm if Northern Irish deal struck: Adams

IRA would disarm if Northern Irish deal struck: Adams

Gerry Adams, leader of the Irish Republican Army's (IRA) political ally Sinn Fein, signalled on Sunday that the guerrilla group was ready to give up its arms, but only if a new Northern Ireland peace deal can be struck.
Published 04 Oct, 2004 12:00am
Bulls dominate KSE

Bulls dominate KSE

Bulls took charge at KSE during last week, fuelled by the extraordinary result announcement by the telecom sector giant, PTCL, whereas activity surfaced in OGDC and other oil exploration stocks on back of record high global oil prices. The KSE-100 Index w
Published 04 Oct, 2004 12:00am
Bulls dominate KSE

Bulls dominate KSE

Bulls took charge at KSE during last week, fuelled by the extraordinary result announcement by the telecom sector giant, PTCL, whereas activity surfaced in OGDC and other oil exploration stocks on back of record high global oil prices. The KSE-100 Index w
Published 04 Oct, 2004 12:00am
Wapda asks government to import 450,000 tons furnace oil

Wapda asks government to import 450,000 tons furnace oil

The Water and Power Development Authority (Wapda) has requested the government to take steps to import 450,000 tons of furnace oil on emergency basis, stating that this is the minimum requirement only for the current October-December quarter. The demand w
Published 04 Oct, 2004 12:00am
Wapda asks government to import 450,000 tons furnace oil

Wapda asks government to import 450,000 tons furnace oil

The Water and Power Development Authority (Wapda) has requested the government to take steps to import 450,000 tons of furnace oil on emergency basis, stating that this is the minimum requirement only for the current October-December quarter. The demand w
Published 04 Oct, 2004 12:00am
Badla rates enter double-digit zone

Badla rates enter double-digit zone

Buying spree in key stocks at Karachi Stock Exchange (KSE), especially in Pakistan Telecommunication Ltd (PTCL), raised the average badla investment where badla rates, after two months' period, entered double-digit column. The average badla investment beg
Published 04 Oct, 2004 12:00am
Badla rates enter double-digit zone

Badla rates enter double-digit zone

Buying spree in key stocks at Karachi Stock Exchange (KSE), especially in Pakistan Telecommunication Ltd (PTCL), raised the average badla investment where badla rates, after two months' period, entered double-digit column. The average badla investment beg
Published 04 Oct, 2004 12:00am
Money market to stay liquid this week

Money market to stay liquid this week

The money market is likely to stay liquid during the week as the State Bank of Pakistan (SBP) mopped up a small amount from three-month and one-year treasury bills auction against the maturity of Rs 85 billion. According to a report of Finex Securities, t
Published 04 Oct, 2004 12:00am
Money market to stay liquid this week

Money market to stay liquid this week

The money market is likely to stay liquid during the week as the State Bank of Pakistan (SBP) mopped up a small amount from three-month and one-year treasury bills auction against the maturity of Rs 85 billion. According to a report of Finex Securities, t
Published 04 Oct, 2004 12:00am
Shaukat directs Gwadar port to be operational by January

Shaukat directs Gwadar port to be operational by January

Prime Minister Shaukat Aziz on Sunday reviewed the progress of Gwadar Port project and directed the Port Authority to complete the work and make it operational by January 2005. The Director General Gwadar Development Authority and Gwadar Port Authority br
Published 04 Oct, 2004 12:00am
Shaukat directs Gwadar port to be operational by January

Shaukat directs Gwadar port to be operational by January

Prime Minister Shaukat Aziz on Sunday reviewed the progress of Gwadar Port project and directed the Port Authority to complete the work and make it operational by January 2005. The Director General Gwadar Development Authority and Gwadar Port Authority br
Published 04 Oct, 2004 12:00am
SSGC refuses to supply additional gas to Wapda

SSGC refuses to supply additional gas to Wapda

Sui Southern Gas Company (SSGC) has refused to supply additional gas to Wapda's four power plants in Sindh and Balochistan under the current Gas Supply Agreement, it is learnt. "This matter is open for the last one year, but Wapda is reluctant to sign the
Published 04 Oct, 2004 12:00am
SSGC refuses to supply additional gas to Wapda

SSGC refuses to supply additional gas to Wapda

Sui Southern Gas Company (SSGC) has refused to supply additional gas to Wapda's four power plants in Sindh and Balochistan under the current Gas Supply Agreement, it is learnt. "This matter is open for the last one year, but Wapda is reluctant to sign the
Published 04 Oct, 2004 12:00am
THE RUPEE: divergent trend seen in currency market

THE RUPEE: divergent trend seen in currency market

The rupee saw modest erosion versus dollar in the interbank market last week and lost 12 paisa at Rs 59.26 and Rs 59.29 for buying and selling, respectively. According to market sources, at the end of the first quarter, the rupee managed to resist sharp l
Published 04 Oct, 2004 12:00am
THE RUPEE: divergent trend seen in currency market

THE RUPEE: divergent trend seen in currency market

The rupee saw modest erosion versus dollar in the interbank market last week and lost 12 paisa at Rs 59.26 and Rs 59.29 for buying and selling, respectively. According to market sources, at the end of the first quarter, the rupee managed to resist sharp l
Published 04 Oct, 2004 12:00am
Seven Major Generals promoted

Seven Major Generals promoted

Seven Major Generals of Pakistan Army have been promoted to the rank of Lieutenant General and assigned new posts. According to ISPR here on Sunday, the promoted general officers are: Major General Syed Athar Ali, posted as Corps Commander, Karachi; Major
Published 04 Oct, 2004 12:00am
Seven Major Generals promoted

Seven Major Generals promoted

Seven Major Generals of Pakistan Army have been promoted to the rank of Lieutenant General and assigned new posts. According to ISPR here on Sunday, the promoted general officers are: Major General Syed Athar Ali, posted as Corps Commander, Karachi; Major
Published 04 Oct, 2004 12:00am
Textile policies to be announced at cotton growing time

Textile policies to be announced at cotton growing time

All textile policies in future will be announced at the time of cotton growing season. This was announced by Minister for Textile and Industry Mushtaq Ali Cheema at the annual general meeting function of All Pakistan Textile Processing Mills Association (
Published 04 Oct, 2004 12:00am
Soomro for paying more attention towards social sector

Soomro for paying more attention towards social sector

Senate Chairman Mohammedmian Soomro has underlined the need of paying more attention towards the social sector. He was speaking as chief guest at the first Excellence Award ceremony of the 21st Century Business Club at a local hotel on Sunday night.
Published 04 Oct, 2004 12:00am
'UK agrees to transfer Rehmat Ali's remains'

'UK agrees to transfer Rehmat Ali's remains'

The British government has agreed in principle to allow Pakistan take back the remains of Chaudhry Rehmat Ali, buried in Cambridge, to Pakistan after formalities were completed in this regard, State Minister for Overseas Pakistanis Senator Tariq Azeem sai
Published 04 Oct, 2004 12:00am
10 Palestinians killed in Gaza

10 Palestinians killed in Gaza

Ten Palestinians were killed by Israeli fire in Gaza on Sunday as Prime Minister Ariel Sharon vowed to press on with a military offensive and the Palestinians appealed for urgent international action. Sixty-nine people, all but three of them Palestinians,
Published 04 Oct, 2004 12:00am
10 Palestinians killed in Gaza

10 Palestinians killed in Gaza

Ten Palestinians were killed by Israeli fire in Gaza on Sunday as Prime Minister Ariel Sharon vowed to press on with a military offensive and the Palestinians appealed for urgent international action. Sixty-nine people, all but three of them Palestinians,
Published 04 Oct, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (October 03) and the forecast for Monday (October 04, 2004).
Published 04 Oct, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week.
Published 04 Oct, 2004 12:00am
Snow repeats US backs sweeping debt relief

Snow repeats US backs sweeping debt relief

US Treasury Secretary John Snow repeated on Sunday the Bush administration would support complete debt relief for the poorest countries and said details of how to implement a plan could be worked out.
Published 04 Oct, 2004 12:00am
Turkish wholesale prices rise above forecasts in September

Turkish wholesale prices rise above forecasts in September

Rising world oil prices were the main driver pushing the Turkish wholesale price index (WPI) growth above expectations, analysts said on Sunday, but added the country was still on track for a year-end IMF-backed target.
Published 04 Oct, 2004 12:00am
'China resolved to curb excessive investment'

'China resolved to curb excessive investment'

Beijing is "firmly resolved" to rein in excessive investment and to move ahead with financial reforms, the head of China's central bank said on Sunday.
Published 04 Oct, 2004 12:00am
South African Airways teams up with India's Jet

South African Airways teams up with India's Jet

South African Airways (SAA) and India's biggest private airline Jet Airways have forged an alliance to boost business and efficiency on routes between Africa and India, SAA said on Sunday.
Published 04 Oct, 2004 12:00am
Nigerian security improves after delta peace deal

Nigerian security improves after delta peace deal

Security is improving in Nigeria's oil-producing delta and oil companies are considering a return for evacuated workers following a peace deal signed by a rebel militia, industry sources said on Sunday.
Published 04 Oct, 2004 12:00am
Iran removes barriers to large-scale privatisations

Iran removes barriers to large-scale privatisations

Iran's most powerful legislative body has decided to remove constitutional barriers to large-scale privatisations in an effort to shake up the lumbering state-dominated economy, press reports said Sunday.
Published 04 Oct, 2004 12:00am
Egypt interbank rate remains at 14 percent

Egypt interbank rate remains at 14 percent

The median overnight interbank rate on the Egyptian pound stayed at 14 percent on Sunday, unchanged from Thursday with traders saying there were no new auctions or maturities to change the level of funds in the market.
Published 04 Oct, 2004 12:00am
Banks and cements up in slow trade on Cairo bourse

Banks and cements up in slow trade on Cairo bourse

Egyptian shares ticked up in quiet trade on Sunday with banks, such as Misr International Bank (MIBank), attracting attention on speculation the government will encourage privatisation, traders said.
Published 04 Oct, 2004 12:00am
Indian shares to rise on earning hopes, bonds soft

Indian shares to rise on earning hopes, bonds soft

Indian shares will firm a little this week on expectations of strong quarterly corporate earnings, but tightened central bank credit restrictions will keep bonds subdued, traders said.
Published 04 Oct, 2004 12:00am
Dollar may rally as G7 doesn't press China on forex

Dollar may rally as G7 doesn't press China on forex

The dollar could gain against the yen and other Asian currencies on Monday after the Group of Seven rich economies chose to go easy on China, reiterating its previous statements on the need for foreign exchange flexibility, analysts said.
Published 04 Oct, 2004 12:00am
Oil rally nets trading houses top profits

Oil rally nets trading houses top profits

Buying and selling oil is proving to be a profitable business this year, particularly for private trading companies. Soaring spot prices, up 50 percent to $50 for US crude, have captured the headlines as rapid demand growth tests the capacity of global su
Published 04 Oct, 2004 12:00am
Lazard chief could opt for sale over IPO

Lazard chief could opt for sale over IPO

Bruce Wasserstein, head of Lazard, could sell the investment bank rather than float it on the stock market, the Observer newspaper reported on Sunday.
Published 04 Oct, 2004 12:00am
Lazard chief could opt for sale over IPO

Lazard chief could opt for sale over IPO

Bruce Wasserstein, head of Lazard, could sell the investment bank rather than float it on the stock market, the Observer newspaper reported on Sunday.
Published 04 Oct, 2004 12:00am
China Power IPO 2-3 times covered so far

China Power IPO 2-3 times covered so far

Institutional investors have so far bid for two to three times the $330 million in shares being sold in an IPO by China Power, a unit of China's largest power generation group, sources close to the deal said on Sunday.
Published 04 Oct, 2004 12:00am
China Power IPO 2-3 times covered so far

China Power IPO 2-3 times covered so far

Institutional investors have so far bid for two to three times the $330 million in shares being sold in an IPO by China Power, a unit of China's largest power generation group, sources close to the deal said on Sunday.
Published 04 Oct, 2004 12:00am
Japan to meet demand for more floating rate JGBs

Japan to meet demand for more floating rate JGBs

Japan is ready to meet investor demand for increased issuance of floating-rate and inflation-linked government bonds during the next fiscal year, a senior Ministry of Finance (MOF) official said.
Published 04 Oct, 2004 12:00am
Japan to meet demand for more floating rate JGBs

Japan to meet demand for more floating rate JGBs

Japan is ready to meet investor demand for increased issuance of floating-rate and inflation-linked government bonds during the next fiscal year, a senior Ministry of Finance (MOF) official said.
Published 04 Oct, 2004 12:00am
South African market to focus on bank and platinum stocks

South African market to focus on bank and platinum stocks

Strikes at two of the world's biggest platinum producers and foreign interest in the banking sector will be the main focus of the South African share market this week after this week's record highs, traders said.
Published 04 Oct, 2004 12:00am
Sturdy FTSE eyes BP and AstraZeneca for spark

Sturdy FTSE eyes BP and AstraZeneca for spark

AstraZeneca may provide a spark for drugs firms and the broader UK share market this week when it outlines its next big drug hopes, although the threat of shocks from US companies will continue to hang over investors.
Published 04 Oct, 2004 12:00am
Oil and profit reports to weigh on US stocks

Oil and profit reports to weigh on US stocks

A new reporting period for company earnings kicks into gear this week, giving investors a bit of hard data to chew on, and markets could be volatile if the price of crude oil stays north of $50 a barrel.
Published 04 Oct, 2004 12:00am
Brown calls for Labour unity

Brown calls for Labour unity

British Chancellor of the Exchequer Gordon Brown sought on Sunday to quell speculation over who should run the Labour Party and turned the attack on the opposition Conservatives.
Published 04 Oct, 2004 12:00am
Protest demonstration outside 'Guantanamo UK' jail

Protest demonstration outside 'Guantanamo UK' jail

Human rights activists protested on Sunday outside a top-security jail in London where some foreign nationals have been detained without trial for almost three years under controversial anti-terrorism laws.
Published 04 Oct, 2004 12:00am
Despite debate success, Kerry has uphill task among states

Despite debate success, Kerry has uphill task among states

Despite a convincing win in the first debate of the US presidential race, Democrat John Kerry still faces a daunting task trying to catch George W. Bush where it counts, the election "battleground" states.
Published 04 Oct, 2004 12:00am
Hasina calls for strike, vows to oust government

Hasina calls for strike, vows to oust government

Bangladesh's main opposition leader Sheikh Hasina, who survived a grenade attack that killed 20 people in Dhaka last month, urged Bangladeshis on Sunday to join her in a campaign to force the government out.
Published 04 Oct, 2004 12:00am
14 people killed in Thai fireworks factory blast

14 people killed in Thai fireworks factory blast

Fourteen people were killed and five injured Sunday in an explosion at a fireworks factory in Thailand's ancient capital Ayuthaya, officials and witnesses said.
Published 04 Oct, 2004 12:00am
ETA's 'political leader' held in French swoop

ETA's 'political leader' held in French swoop

Police arrested the suspected political leader of the Basque guerrilla group ETA, detained 20 other people and seized weapons in a swoop on the outlawed group in France and Spain on Sunday, officials said.
Published 04 Oct, 2004 12:00am
US and Afghan forces attack Taleban ahead of vote

US and Afghan forces attack Taleban ahead of vote

Afghan guards backed by US helicopter gunships raided a Taleban safe house, killing one man and arresting 15, to prevent attacks during this week's presidential election, officials said on Sunday.
Published 04 Oct, 2004 12:00am
Iran's parliament dismisses transport minister

Iran's parliament dismisses transport minister

Iran's parliament voted on Sunday to dismiss the country's transport minister, the first member of reformist President Mohammad Khatami's cabinet to be impeached since conservative lawmakers won a majority in February's polls.
Published 04 Oct, 2004 12:00am
Iran refuses to surrender nuclear fuel technology

Iran refuses to surrender nuclear fuel technology

Iran asserted on Sunday that it has already acquired the sensitive technology to produce its own nuclear fuel and said it would be "irrational" to agree to surrender such a capability in exchange for supplies from overseas.
Published 04 Oct, 2004 12:00am
Previous Day