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Print - 2004-10-31
IMM speculators add net yen long position: CFTC

IMM speculators add net yen long position: CFTC

Currency speculators on the Chicago futures market added net long yen positions in the week ended October 26, data from the Commodity Futures Trading Commission showed on Friday.
Published 31 Oct, 2004 12:00am
Reap version of quality check

Reap version of quality check

Rice Exporters Association of Pakistan (Reap) has reiterated that the Quality Review Committee (QRC) was strictly following the prescribed procedure before certification.
Published 31 Oct, 2004 12:00am
Prime Minister's visit to bolster ties with Saarc states

Prime Minister's visit to bolster ties with Saarc states

Prime Minister Shaukat Aziz will leave for a visit to Saarc member countries on Monday to reaffirm Pakistan's commitment to regional co-operation besides having interaction on bilateral front and discussions on regional and global developments.
Published 31 Oct, 2004 12:00am
Women lawmakers named for PML Supreme Council

Women lawmakers named for PML Supreme Council

Women Wing of Pakistan Muslim League has constituted a Central Supreme Council comprising women parliamentarians to streamline the efforts of women to resolve problems of the people.
Published 31 Oct, 2004 12:00am
'More water reservoirs need of the hour'

'More water reservoirs need of the hour'

Construction of more water reservoirs was need of the hour, and progress should be made rapidly towards that most important sector of the country, former Chairman Wapda Shams ul Mulk said while speaking in a national TV programme.
Published 31 Oct, 2004 12:00am
Mian Sharif's death condoled

Mian Sharif's death condoled

Senate Chairman Mohammedmian Soomro has expressed deep sense of shock and grief over the sad demise of Mian Mohammad Sharif, father of a former prime minister, Nawaz Sharif, and Punjab former chief minister, Shahbaz Sharif.
Published 31 Oct, 2004 12:00am
'Basic facilities being provided to people'

'Basic facilities being provided to people'

Federal Minister for Water and Power Liaquat Ali Khan Jatoi said Saturday that it is the government's policy to provide basic facilities to the people and the same were being provided to them.
Published 31 Oct, 2004 12:00am
PML to contest NA-35 by-polls as test case

PML to contest NA-35 by-polls as test case

Minister of State for Water and Power Engineer Amir Muqam has said Pakistan Muslim League would participate in the bye-elections in NA-35 Malakand to ensure solution of problems of people as the NWFP government had failed to provide them basic needs of li
Published 31 Oct, 2004 12:00am
Industrial plan soon: Tareen

Industrial plan soon: Tareen

Minister for Industries and Production Jehangir Khan Tareen has said government would devise an industrial strategy by the end of January next year to generate more job opportunities in the country.
Published 31 Oct, 2004 12:00am
Body set up to probe into hotel blast

Body set up to probe into hotel blast

Minister of State for Interior Wasim Shahzad said on Saturday the government has constituted a committee to further probe into the short-circuiting incident that occurred at a local hotel a couple of day ago in the Federal Capital.
Published 31 Oct, 2004 12:00am
Investment environment conducive in country: Prime Minister

Investment environment conducive in country: Prime Minister

Prime Minister Shaukat Aziz has said that government is taking sincere and serious efforts to improve law and order situation in the country, and a task force should be constituted to stop industrial robberies.
Published 31 Oct, 2004 12:00am
Islamabad Stock Exchange elects directors

Islamabad Stock Exchange elects directors

The Islamabad Stock Exchange (ISE) has elected five directors for the year (2004-2005) in the 15th Annual General Meeting (AGM) of the exchange held here on Saturday.
Published 31 Oct, 2004 12:00am
Unido seeks FPCCI help to execute TRTA programme

Unido seeks FPCCI help to execute TRTA programme

The United Nations Industrial Development Organisation (Unido) will execute Trade-Related Technical Assistance (TRTA) Programme in Pakistan to enhance the country's exports, which is funded by the European Union.
Published 31 Oct, 2004 12:00am
KESC revenue target exceeds

KESC revenue target exceeds

KESC has surpassed its First quarter target of Rs 11.20 billion by posting a revenue of Rs 11.52 billion.
Published 31 Oct, 2004 12:00am
KESC revenue target exceeds

KESC revenue target exceeds

KESC has surpassed its First quarter target of Rs 11.20 billion by posting a revenue of Rs 11.52 billion.
Published 31 Oct, 2004 12:00am
Rs 42.5 million to be released to Zakat and Ushr bodies

Rs 42.5 million to be released to Zakat and Ushr bodies

The provincial Zakat Council in its meeting has proposed to release Rs 42.5 million to district Zakat and Ushr committees on account of Eid-ul-Fitr grant to be disbursed among already entitled Mustahaqeen. It was learnt on Saturday.
Published 31 Oct, 2004 12:00am
1,112 pending adjudication cases settled in first quarter

1,112 pending adjudication cases settled in first quarter

The Central Board of Revenue (CBR) disposed of 1112 adjudication cases during July-September 2004-05 against 9224 pending cases. The amount involved in these cases was reduced to Rs 3.7 billion from Rs 36.2 billion.
Published 31 Oct, 2004 12:00am
Pakistan take imposing 1st innings lead over Lanka

Pakistan take imposing 1st innings lead over Lanka

Pakistan were bowled out for 478 and set imposing lead in the first innings in response to Sri Lanka's 208 all out in the post luncheon session on the third day of the final Paktel GSM Cup Test match at the National Stadium here on Saturday.
Published 31 Oct, 2004 12:00am
Beaten India axe four players for final Test

Beaten India axe four players for final Test

Wicketkeeper Parthiv Patel and batsman Yuvraj Singh were among four players dropped from the Indian squad for the fourth and final Test against Australia starting in Bombay on Wednesday.
Published 31 Oct, 2004 12:00am
Birthday boy Pilkadaris leads Sanya Open golf

Birthday boy Pilkadaris leads Sanya Open golf

Birthday boy Terry Pilkadaris is threatening to blow away his rivals after opening up a three-stroke lead in the third round of the Sanya Open golf tournament in China on Saturday.
Published 31 Oct, 2004 12:00am
Restrictions on towel quota exports to USA

Restrictions on towel quota exports to USA

It is disturbing to learn from a report in this newspaper (October 28) that the US Customs have imposed an embargo on the clearance of export shipments of shop towels under Category 369(S) from Pakistan with immediate effect.
Published 31 Oct, 2004 12:00am
A poor show of crisis management

A poor show of crisis management

The blast that shook a five-star hotel in Islamabad on Thursday has generated a new sense of scare among the people, while some embarrassed government leaders have been making unsuccessful efforts at a cover-up. As it is, the hotel is situated in the vici
Published 31 Oct, 2004 12:00am
OVERVIEW OF THE ECONOMY: summary of State Bank's annual report 2003-2004

OVERVIEW OF THE ECONOMY: summary of State Bank's annual report 2003-2004

The growth momentum of the economy continued to accelerate in FY04, with real GDP rising by a robust 6.4 percent, well above the 5.3 percent target for the year. As in the previous year, the growth was led principally by industry and in particular Large S
Published 31 Oct, 2004 12:00am
OVERVIEW OF THE ECONOMY: summary of State Bank's annual report 2003-2004

OVERVIEW OF THE ECONOMY: summary of State Bank's annual report 2003-2004

The growth momentum of the economy continued to accelerate in FY04, with real GDP rising by a robust 6.4 percent, well above the 5.3 percent target for the year. As in the previous year, the growth was led principally by industry and in particular Large S
Published 31 Oct, 2004 12:00am
PM and SBP's views on real estate investment

PM and SBP's views on real estate investment

The State Bank of Pakistan is apparently pursuing a policy which is at variance with that of the P.M . While reacting to the reported transfer of over a billion dollars from Pakistan to Dubai for investments in real estate there.
Published 31 Oct, 2004 12:00am
PIA in crisis

PIA in crisis

Nobody doubts the sincerity of chairman PIA, who went out of his way to acquire billions of rupees to rejuvinate the national airline and make it financially viable.
Published 31 Oct, 2004 12:00am
Police interfere in KBCA demolition drive

Police interfere in KBCA demolition drive

The Soldier Bazaar police Saturday took into custody a demolition squad of Karachi Building Control Authority which had gone there to demolish the illegal constructions raised by United Bakers and Store in the jurisdiction of Ferozabad Police Station on t
Published 31 Oct, 2004 12:00am
Rabbani for increased Pak-Afghan ties

Rabbani for increased Pak-Afghan ties

Former Afghan President Burhanuddin Rabbani said that Pakistan and Afghanistan are two brotherly nations having deep-rooted emotional and geographical proximity.
Published 31 Oct, 2004 12:00am
'NCSW working to safeguard women's rights'

'NCSW working to safeguard women's rights'

National Commission on Status of Women Chairperson Justice Mrs Majida Rivzi (Rtd) on Saturday said that dignity and status of women and men, as equal citizens of Pakistan, is a moral imperative, constitutional obligation and a guiding principle of an egal
Published 31 Oct, 2004 12:00am
Sindh chief minister opens Urs of Sachal Sarmast

Sindh chief minister opens Urs of Sachal Sarmast

Sindh Chief Minister, Dr Arbab Ghulam Rahim on Friday inaugurated 183rd Urs of Hazrat Sachal Sarmast by laying floral wreath on the Mazar of the Sufi saint at Daraza Sharif, district Khairpur, and offered Fateha.
Published 31 Oct, 2004 12:00am
Kashmiri leaders pay rich tributes to Mirwaiz

Kashmiri leaders pay rich tributes to Mirwaiz

Azad Jammu and Kashmir (AJK) President Sardar Muhammad Anwar Khan has said the better way to pay homage and tributes to great Kashmiri leader Mirwaiz Moulana Muhammad Yousaf was to follow his teachings and foot steps to achieve the goal of freedom for whi
Published 31 Oct, 2004 12:00am
Business community condoles Mian Sharif's demise

Business community condoles Mian Sharif's demise

Various business organisations and businessmen have expressed their grief and sorrow over the demise of Mian Mohammad Sharif, father of former Prime Minister Nawaz Sharif and former Chief Minister Punjab Mian Shahbaz Sharif.
Published 31 Oct, 2004 12:00am
Faisalabad-Karachi train service

Faisalabad-Karachi train service

Pakistan Railways will operate a fast running train between Faisalabad and Karachi from November 9, which will cover the distance between the two main industrial cities of the country within 13 and a 1/2 hours.
Published 31 Oct, 2004 12:00am
Saudi embassy in Kuwait evacuated over threat

Saudi embassy in Kuwait evacuated over threat

Kuwaiti police were called to the Saudi embassy in Kuwait City on Saturday after embassy staff reported a suspicious package, but the ambassador said later it contained only audio cassettes and CDs.
Published 31 Oct, 2004 12:00am
Kerry has one-point lead over Bush: poll

Kerry has one-point lead over Bush: poll

President George W. Bush, responding to new threats from Osama bin Laden, told top aides to take all actions necessary to guard against attacks, and cast the election as a stark choice between his "whatever it takes" leadership and John Kerry's "cut-and-r
Published 31 Oct, 2004 12:00am
Buttiglione stands aside to ease EU crisis

Buttiglione stands aside to ease EU crisis

Calling himself "an innocent victim", Italy's Rocco Buttiglione withdrew as a candidate for the incoming European Commission on Saturday to help ease an unprecedented crisis for the executive.
Published 31 Oct, 2004 12:00am
Doctors exclude Arafat suffering from leukaemia

Doctors exclude Arafat suffering from leukaemia

Yasser Arafat underwent medical tests on Saturday and a senior Palestinian official said doctors had ruled out for the time being that the PLO leader was suffering from leukaemia.
Published 31 Oct, 2004 12:00am
Palestinian killed

Palestinian killed

Israeli soldiers shot dead a 12-year-old Palestinian boy on Saturday during confrontations with protesters in a refugee camp in the West Bank town of Jenin, medics said.
Published 31 Oct, 2004 12:00am
Iraqi president on landmark visit to Kuwait

Iraqi president on landmark visit to Kuwait

Iraqi President Ghazi al-Yawar arrived in Kuwait Saturday for the first ever official visit by an Iraqi head of state, during which he is expected to discuss a host of issues including debt and war reparations.
Published 31 Oct, 2004 12:00am
Nasa to resume shuttle flights in May 2005

Nasa to resume shuttle flights in May 2005

The US space agency has given a green light for the resumption of space shuttle flights in May 2005, more than two years after seven astronauts died in the mid-air disintegration of space shuttle Columbia.
Published 31 Oct, 2004 12:00am
Nearly 200 hurt in Bangladesh university clash

Nearly 200 hurt in Bangladesh university clash

Authorities closed Bangladesh's Rajshahi University indefinitely after nearly 200 students and teachers were injured in clashes with police and pro-government activists, officials and witnesses said on Saturday.
Published 31 Oct, 2004 12:00am
Bloodiest riots: Thailand frees 900, others face charges

Bloodiest riots: Thailand frees 900, others face charges

Hundreds of Muslim men were freed in southern Thailand on Saturday but many others faced prosecution after they were detained in last week's protest which left 85 dead and outraged Muslims world-wide.
Published 31 Oct, 2004 12:00am
Part of US September 11 commission report has not been released

Part of US September 11 commission report has not been released

The US Justice Department has not released a final chapter of the September 11 commission's report related to conflicting accounts of efforts to track and chase the jets hijacked that day, and is unlikely to do so before Tuesday's presidential vote, The N
Published 31 Oct, 2004 12:00am
Chemicals mixed on Jodia Bazaar

Chemicals mixed on Jodia Bazaar

The trading on chemical sector moved mixed trend on Jodia Bazaar on Saturday (October 30, 2004).
Published 31 Oct, 2004 12:00am
Sugar rises on grain market

Sugar rises on grain market

Sugar prices were higher on the week's opening session on the grain market as demand increased by the consumers during the month of Ramazan, dealers said.
Published 31 Oct, 2004 12:00am
Philippine coconut oil exports down

Philippine coconut oil exports down

Coconut oil shipments from the Philippines, the world's largest shipper, fell by as much as 35 percent in October due to delays in the arrival of some ships, an industry group and the government said on Friday.
Published 31 Oct, 2004 12:00am
Bearish sentiment on cotton market

Bearish sentiment on cotton market

Prices continued downward movement on cotton market on Saturday in low activity as leading buyers including mills preferred to remain on sidelines on anticipation of further erosion in prices, dealers said.
Published 31 Oct, 2004 12:00am
Oil cake market rates

Oil cake market rates

Falling trend was again seen on the forward cotton seed oil cake market as the buyers were on the sidelines due to lack of interest, dealers said.
Published 31 Oct, 2004 12:00am
Thai rice futures end mixed

Thai rice futures end mixed

Thai rice futures ended mixed in lights trade on Friday as distant contracts rose on speculative buying, brokers said.
Published 31 Oct, 2004 12:00am
CBOT wheat tumbles

CBOT wheat tumbles

Talk that China may have switched orders for soft red winter (SRW) wheat to hard red spring (HRS) wheat and profit-taking by speculators drove Chicago Board of Trade SRW wheat futures to a lower close on Friday, traders said.
Published 31 Oct, 2004 12:00am
Japan says no foreign exchange intervention

Japan says no foreign exchange intervention

Japan's Ministry of Finance said on Friday it did not intervene in the foreign exchange market in the four weeks ended October 27, despite the yen's steep rise to a six-month high against the dollar.
Published 31 Oct, 2004 12:00am
Indian foreign exchange reserves rise

Indian foreign exchange reserves rise

India's foreign exchange reserves rose for the eight week in a row to within striking distance of a record struck this year, boosted by a weaker dollar and foreign investments in a $1.2 billion share sale, analysts said.
Published 31 Oct, 2004 12:00am
Soft dollar, pricey oil cloud Gulf currency outlook

Soft dollar, pricey oil cloud Gulf currency outlook

The currencies of Gulf Arab oil-exporting countries have not benefited from the revenue windfall from this year's spike in the price of crude as they are pegged to the dollar and have suffered from its weakness.
Published 31 Oct, 2004 12:00am
New foreign exchange specs index seeks to improve on IMM data

New foreign exchange specs index seeks to improve on IMM data

A new weekly index that tracks the positioning of short-term currency investors will seek to improve on the timeliness and accuracy of the only other gauge of speculative trading activity available to the market, a private business group said on Friday.
Published 31 Oct, 2004 12:00am
Iran oil exports safe after pipeline fire

Iran oil exports safe after pipeline fire

A 12-metre stretch of crude oil pipeline in Iran's oil-rich south-west has been destroyed in a fire, but oil officials said exports from Opec's second biggest producer would be unaffected, media said on Saturday.
Published 31 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (October 30, 2004).
Published 31 Oct, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 30, 2004).

Published 31 Oct, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 31 Oct, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 31 Oct, 2004 12:00am
Brazilian sugar vessels line-up rises

Brazilian sugar vessels line-up rises

The line-up of vessels waiting to load sugar in Brazil's ports rose to 53 from 48 last week, shipping agent Williams said Thursday.
Published 31 Oct, 2004 12:00am
Evergreen Marine third-quarter net soars on freight rates

Evergreen Marine third-quarter net soars on freight rates

Taiwan's Evergreen Marine Corp, the world's third largest shipping line, posted a 167 percent jump in third quarter profit on Friday as freight rates stay high on strong exports from Asia, especially China.
Published 31 Oct, 2004 12:00am
Evergreen Marine third-quarter net soars on freight rates

Evergreen Marine third-quarter net soars on freight rates

Taiwan's Evergreen Marine Corp, the world's third largest shipping line, posted a 167 percent jump in third quarter profit on Friday as freight rates stay high on strong exports from Asia, especially China.
Published 31 Oct, 2004 12:00am
Asian freight rates up, seen strong till year-end

Asian freight rates up, seen strong till year-end

Panamax dry bulk rates strengthened on Tuesday, and shipping sources said the market was likely to remain firm for the rest of the year due to China's return to the market and seasonal factors.
Published 31 Oct, 2004 12:00am
Strike hits Ports of Auckland volumes

Strike hits Ports of Auckland volumes

New Zealand's Ports of Auckland Ltd said on Thursday that a four-day strike had cut its cargo volumes in September.
Published 31 Oct, 2004 12:00am
Santos cargo shipments jump

Santos cargo shipments jump

The Brazilian port of Santos, Latin America's largest port, moved 6.1 million tonnes of cargo in September, up 13 percent from the same month last year, with sugar, ethanol and diesel oil exports leading the way, the Port Authority said on Thursday.
Published 31 Oct, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 95,672 tonnes of cargo including 69,496 tonnes import and 26,176 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday.
Published 31 Oct, 2004 12:00am
Parmalat gives prosecutors new evidence against banks

Parmalat gives prosecutors new evidence against banks

Parmalat's administrator has handed prosecutors probing the food group's insolvency new evidence aimed at proving certain foreign banks played a key role in its near collapse, judicial sources said on Saturday.
Published 31 Oct, 2004 12:00am
Firms lap up commercial space in Bangalore: official

Firms lap up commercial space in Bangalore: official

Companies in India's high-tech city of Bangalore are lapping up commercial space with the country's only joint venture IT park almost fully occupied, an official said Saturday.
Published 31 Oct, 2004 12:00am
Hollinger amends Black complaint, adds claims

Hollinger amends Black complaint, adds claims

Hollinger International Inc amended its fraud complaint against former Chief Executive Conrad Black and others on Friday, adding former Pentagon adviser Richard Perle to a list of executives and directors the publisher accuses of stealing from the company
Published 31 Oct, 2004 12:00am
Dollar decline points to boost for US companies

Dollar decline points to boost for US companies

The US dollar accelerated its broad decline in October, hinting at a slight boost in fourth-quarter financial results for American companies doing business overseas.
Published 31 Oct, 2004 12:00am
Governments sustain oil demand surge with fuel subsidies

Governments sustain oil demand surge with fuel subsidies

Governments around the world are helping sustain rapid oil demand growth by subsidising fuel or keeping duties low, limiting bills for consumers to avoid a public backlash over record prices.
Published 31 Oct, 2004 12:00am
Secondary Iraq pipeline hit, exports normal

Secondary Iraq pipeline hit, exports normal

Saboteurs have blown up a section of a secondary pipeline feeding the export and domestic oil network in northern Iraq, oil officials said on Saturday.
Published 31 Oct, 2004 12:00am
China on guard against over-investment

China on guard against over-investment

China is on guard against a resurgence of investment in overheated sectors, a banking regulatory official said on Saturday just days after a surprise interest rate rise.
Published 31 Oct, 2004 12:00am
IPO view: Hoping the election won't stall the momentum

IPO view: Hoping the election won't stall the momentum

After a whirlwind week that was the busiest for initial public offerings in four months, US IPOs will come to a virtual standstill early next week to await the outcome of the US presidential elections.
Published 31 Oct, 2004 12:00am