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Print - 2004-11-02
Jakarta stocks hit record, solid earnings help

Jakarta stocks hit record, solid earnings help

Jakarta stocks edged up to a fresh record close on Monday in slow trade amid a lack of fresh leads, although some second liners rose on strong quarterly results.
Published 02 Nov, 2004 12:00am
Monday's unofficial close: US stocks rise as sharp oil drop fuels gains

Monday's unofficial close: US stocks rise as sharp oil drop fuels gains

Stocks rose on Monday as crude oil prices fell and offset investor uncertainty about the outcome of the US presidential election. Crude oil futures on the New York Mercantile exchange sank more than $2 below $50 a barrel on technical selling. The market l
Published 02 Nov, 2004 12:00am
Bonds: Network Rail on borrowing track

Bonds: Network Rail on borrowing track

European corporate bonds drifted sideways on Monday with investors waiting on the sidelines ahead of the US presidential elections, with Network Rail bonds unchanged after the group mandated banks for sterling bonds.
Published 02 Nov, 2004 12:00am
Bonds: Network Rail on borrowing track

Bonds: Network Rail on borrowing track

European corporate bonds drifted sideways on Monday with investors waiting on the sidelines ahead of the US presidential elections, with Network Rail bonds unchanged after the group mandated banks for sterling bonds.
Published 02 Nov, 2004 12:00am
FTSE ends higher; bid talk lifts Sainsbury

FTSE ends higher; bid talk lifts Sainsbury

Britain's leading share index closed 1.1 percent up on Monday, led by gains in banks and mining shares, while supermarket chain J.Sainsbury rose on fresh speculation of a bid.
Published 02 Nov, 2004 12:00am
LME metals mostly lower amid cautious sentiment

LME metals mostly lower amid cautious sentiment

Base metals ended mostly lower levels during Monday's London Metal Exchange (LME) ring trading, as investors shaved profits from a recent rally in a cautious showing ahead of Tuesday's US presidential election and option declarations the day after.
Published 02 Nov, 2004 12:00am
New York cotton settles easier

New York cotton settles easier

NYBOT cotton futures closed softer Monday on combined speculative liquidation although steady trade buying at the lows trimmed the market's losses, brokers said.
Published 02 Nov, 2004 12:00am
European gold confined in ranges, US poll in focus

European gold confined in ranges, US poll in focus

Gold stayed in a tight band in Europe on Monday after the price stopped 50 cents short of January's 15-year peak at $430.50 per ounce in Asian trade. Dealers were focused on Tuesday's US presidential election, which was encouraging investors to stay relat
Published 02 Nov, 2004 12:00am
Oil slides as speculators bet on Kerry win

Oil slides as speculators bet on Kerry win

Oil prices fell sharply on Monday on speculation that a US election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year's record-breaking rally. US light crude settled down $1.63 to $50.13 after diving as low as
Published 02 Nov, 2004 12:00am
Oil slides as speculators bet on Kerry win

Oil slides as speculators bet on Kerry win

Oil prices fell sharply on Monday on speculation that a US election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year's record-breaking rally. US light crude settled down $1.63 to $50.13 after diving as low as
Published 02 Nov, 2004 12:00am
East Asian corn importers cautious on freight

East Asian corn importers cautious on freight

East Asian importers are holding off buying corn for 2005 arrival, hoping freight costs will ease and prices will dip as more corn is offered from China, regional traders said on Monday.
Published 02 Nov, 2004 12:00am
NWFP governor calls on President

NWFP governor calls on President

Governor NWFP Retired Lieutenant General Syed Iftikhar Hussain Shah called on President General Pervez Musharraf here Monday. During the meeting, the Governor gave an extensive briefing on the on-going development projects and law and order situation in N
Published 02 Nov, 2004 12:00am
TCP procures over 0.4 million cotton bales

TCP procures over 0.4 million cotton bales

Trading Corporation of Pakistan (TCP) has so far procured more than 403,600 bales of cotton from ginneries in Sindh and Punjab. According to the TCP here on Monday, these bales were procured from Nawabshah, Sukkur, Rahim Yar Khan, Multan, Bahawalpur, Harr
Published 02 Nov, 2004 12:00am
Meeting reviews Thar projects

Meeting reviews Thar projects

Sindh Minister for Mineral Development, Irfanullah Marwat has said that supply of drinking water and construction of roads in Thar were two major schemes at the priority under the Thar Package announced by Prime Minister, Shaukat Aziz.
Published 02 Nov, 2004 12:00am
CDGK opposes denationalisation of colleges

CDGK opposes denationalisation of colleges

City Nazim, Naimatullah Khan has said that it was his opinion that nationalisation of colleges was a mistake, and denationalisation would be an even bigger mistake then.
Published 02 Nov, 2004 12:00am
Admissions for Masters classes at Karachi University

Admissions for Masters classes at Karachi University

The process of admissions for Masters classes at Karachi University for the next academic session would commence from November 2. An announcement to this effect was made by the spokesman of Karachi University on Monday.
Published 02 Nov, 2004 12:00am
Uninterrupted power supply ensured

Uninterrupted power supply ensured

KESC has finalised arrangements for ensuring uninterrupted power supply on the occasion of Youm-e-Ali and Lailatul Qadar.
Published 02 Nov, 2004 12:00am
Body to review energy generation process

Body to review energy generation process

A high level official committee on alternate energy will be constituted within next three weeks which will review energy generation process from various sources like wind-mills, solar energy, high tides and bio-gas according to the requirement of differen
Published 02 Nov, 2004 12:00am
Smoking in buses

Smoking in buses

Have you ever come across a situation when you are travelling in a public bus/van the person sitting next to you starts smoking. You must have witnessed such an occasion very often. How embarrassing and disgusting the situation is when one person out of 5
Published 02 Nov, 2004 12:00am
Open letter to President Musharraf

Open letter to President Musharraf

I am one of the many Pakistani origin Americans, who welcomed President Musharraf and his seven-point agenda. His bold decision to join the war against terrorism and encourage enlightened moderation has won the hearts of educated Muslims. However, there a
Published 02 Nov, 2004 12:00am
The Aga Khan III, an extraordinary Muslim leader

The Aga Khan III, an extraordinary Muslim leader

H.R.H Sir Sultan Mohamed Shah Aga Khan III believed in Islam as a world religion and he worked ceaselessly for its triumph and glory throughout his life. He had always been passionately interested in promoting unity and understanding among the Muslims all
Published 02 Nov, 2004 12:00am
Voluntary tax compliance: challenges and solutions-II

Voluntary tax compliance: challenges and solutions-II

The CBR, in the past, was brutally politicised by the successive civilian governments in Pakistan. The high-ranking postings in CBR were made to serve as handmaid of the political masters. In return, CBR's high-ups served the "interests" of their politica
Published 02 Nov, 2004 12:00am
State Bank's view of the economy

State Bank's view of the economy

The annual report of the State Bank, released on 30th October, 2004, gives a fairly comprehensive assessment of the economy for the year 2003-04 and outlines likely trends for the current year. The robust growth of 6.4 percent during Fy04 was not only sub
Published 02 Nov, 2004 12:00am
Bagh Ibn-e-Qasim project hits snags

Bagh Ibn-e-Qasim project hits snags

The dollars 250 million Bagh Ibn-e-Qasim Project in Clifton seems to be heading towards failure owing to scores of reasons particularly vested interests and lack of apathy on part of authorities to facilitate the investors.
Published 02 Nov, 2004 12:00am
First Internet radio station in NWFP soon

First Internet radio station in NWFP soon

The NWFP's first Internet Radio Station is being launched soon and people all over the world would have access to information about the culture, steps of the government being taken for the development of the people of this province etc.
Published 02 Nov, 2004 12:00am
SSGC installs 415 pre-paid meters

SSGC installs 415 pre-paid meters

Sui Southern Gas Company (SSGC) has installed 415 pre-paid gas meters in the city under a pilot project to save its customers from unnecessary hassle and inconvenience. This was stated by the SSGC managing director Munawar Baseer Ahmad at the inauguration
Published 02 Nov, 2004 12:00am
Shopping gains momentum

Shopping gains momentum

With the advent of the month of November and pay day for most employees, the Eidul Fitr shopping has gained momentum in the city and all the shopping centres are doing roaring business in the day till the Asr prayers and again, after the Taraveeh prayers
Published 02 Nov, 2004 12:00am
Directive to improve social welfare institutions

Directive to improve social welfare institutions

NWFP Senior Minister Sirajul Haq has directed for streamlining the functioning of all institutions and projects under social welfare department, as well as bringing it in harmony with requirements and aspirations of the people.
Published 02 Nov, 2004 12:00am
Berreco outlet inaugurated

Berreco outlet inaugurated

Industrialist S.M. Naseer, Chief Executive Officer, Berreco International, inaugurated a sale point of Din Textile Mills in Lahore. Leading businessmen and industrialists of the city attended the inaugural ceremony. Main products of Din Textile Mills, fou
Published 02 Nov, 2004 12:00am
Rs 1.9 million fetched through auction

Rs 1.9 million fetched through auction

Punjab government has fetched an amount of Rs 1.9 million through sale of attractive registration numbers of LZG series in an open auction held here on Monday.
Published 02 Nov, 2004 12:00am
LSE acquires premises for Sialkot trading floor

LSE acquires premises for Sialkot trading floor

The Lahore Stock Exchange (LSE) has acquired suitable premises for its proposed Sialkot Trading Floor, which is expected to be ready for operation in next five to six-months' period.
Published 02 Nov, 2004 12:00am
Chest diseases in children on the rise

Chest diseases in children on the rise

Chairman MMR and Chest Specialist Panel Pakistan Dr Hye Seed has said that every one square mile residential area should have one acre green park and one acre play ground as Green Park are lungs of a city and play ground are essential for the next generat
Published 02 Nov, 2004 12:00am
Industrialists donate generously for GCUF building

Industrialists donate generously for GCUF building

Governor Punjab Lieutenant General Khalid Maqbool (Retd) has said in order to move forward in the present world it was necessary that we enabled our young educated generation to find solutions to the problems of next century. He said journey to achieving
Published 02 Nov, 2004 12:00am
PPP writes to UN on Zardari confinement

PPP writes to UN on Zardari confinement

Central Co-ordinator Human Rights Cell, Pakistan Peoples Party, Fauzia Wahab, MNA has appealed to the United Nations Special Reporter on the Independence of Judges and Lawyers, Leandro Despouy to take up the matter of continued incarceration of Asif Ali Z
Published 02 Nov, 2004 12:00am
XEN retired, 2 SDOs dismissed

XEN retired, 2 SDOs dismissed

Executive Engineer (XEN) Depalpur Division, Kutab Nisar has been compulsorily retired while Sub Divisional Officer (SDO) Baseerpur sub-division, Abdul Khaliq and SDO Hujra North sub-division, Waseem Muhammad have been dismissed from their services for cha
Published 02 Nov, 2004 12:00am
PHDEB team leaves for Netherlands

PHDEB team leaves for Netherlands

A delegation of Pakistan Horticulture Development and Export Board (PDDEB) left for Netherlands to participate in 28th NTV International Horticulture Trade Fair - the most important horticulture event to be held from November 3 to 6 at Amsterdam.
Published 02 Nov, 2004 12:00am
4th ICP Mutual Fund renamed

4th ICP Mutual Fund renamed

The 4th Investment Corporation of Pakistan (ICP) Mutual Fund has been renamed as "Abamco Growth Fund" which will be effective from Friday, November 05, with new security name and symbol code, in the stock market.
Published 02 Nov, 2004 12:00am
4th ICP Mutual Fund renamed

4th ICP Mutual Fund renamed

The 4th Investment Corporation of Pakistan (ICP) Mutual Fund has been renamed as "Abamco Growth Fund" which will be effective from Friday, November 05, with new security name and symbol code, in the stock market.
Published 02 Nov, 2004 12:00am
PHD chamber team visits LCCI today

PHD chamber team visits LCCI today

A 30 member delegation of the PHD Chamber of Commerce, New Delhi India led by its President, Ravi Wig will be visiting the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, November 02.
Published 02 Nov, 2004 12:00am
LCCI condoles Mian Sharif's death

LCCI condoles Mian Sharif's death

The Lahore Chamber of Commerce and Industry (LCCI) President Mian Misbah-ur-Rehman, Senior Vice-President Sohail Lashari and Vice-President Sheikh Mohammad Arshad have expressed their grief and sorrow over the demise of Mian Mohammad Sharif.
Published 02 Nov, 2004 12:00am
Production rate in ginning factories enhanced by 30 percent

Production rate in ginning factories enhanced by 30 percent

Programme, initiated by the Small and Medium Enterprise Development Authority (Smeda) during last season, to develop ginning sector, has started bearing fruits, as after modification of certain machines, the production rate in ginning factories has enhanc
Published 02 Nov, 2004 12:00am
Lifting of ban on recruitment hailed

Lifting of ban on recruitment hailed

The Pakistan Council of Architects and Town Planners have thanked Sindh Governor Dr Ishrat-ul-Ibad Khan and Chief Minister Dr Arbab Ghulam Rahim for their timely decision to lift ban on appointments in the province.
Published 02 Nov, 2004 12:00am
Sindh Pifra 'productive site' inaugurated

Sindh Pifra 'productive site' inaugurated

The Accountant-General, Sindh, Salahuddin, on Monday inaugurated the 14th 'productive' site of the 'Project to improve financial reporting and auditing' (Pifra) which will ensure speedy processing of pay and pension related documents.
Published 02 Nov, 2004 12:00am
Indian trade team due on November 3

Indian trade team due on November 3

An Indian businessmen's delegation, led by the Punjab-Haryana-Delhi Chamber of Commerce and Industry (PHDCCI) President, will fly into Islamabad on November 3 to meet their counterparts and officials in the capital.
Published 02 Nov, 2004 12:00am
The Weather

The Weather

The weather report on Monday (November 1) and the forecast for Tuesday (November 2, 2004).
Published 02 Nov, 2004 12:00am
Senate panel suggests opening of more utility stores

Senate panel suggests opening of more utility stores

The Senate Committee on Industries and Production, which met here in the Parliament House on Monday, has suggested that more utility stores be opened in rural as well as urban areas to provide maximum relief to the under-privileged class.
Published 02 Nov, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 1, 2004).

Published 02 Nov, 2004 12:00am
FPCCI lauds UNIDO for conducting SPS/TBT survey

FPCCI lauds UNIDO for conducting SPS/TBT survey

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated the United Nations Industrial Development Organisation (UNIDO) for launching Sanitary and Phytosanitary (SPS) Technical Barriers to Trade (TBT) survey.
Published 02 Nov, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 1, 2004).

Published 02 Nov, 2004 12:00am
Cheques distributed among co-operative society victims

Cheques distributed among co-operative society victims

Islamabad chief commissioner Junaid Iqbal Chaudhry on Monday distributed cheques among more than one hundred victims of the Muslim Co-operative Development Corporation, saying the remaining amount would also be recovered from the society and handed over t
Published 02 Nov, 2004 12:00am
Key stock market movements at 1700 GMT - November 01

Key stock market movements at 1700 GMT - November 01

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 02 Nov, 2004 12:00am
FPCCI drive for membership of various bodies

FPCCI drive for membership of various bodies

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has launched membership drive for the business, councils/economic co-operation committees and bilateral trade and industry committees for 2005-06.
Published 02 Nov, 2004 12:00am
Railways blamed for slowing down ATT cargo movement

Railways blamed for slowing down ATT cargo movement

The huge quantity of Afghan Transit Trade (ATT) cargo, held up at Karachi Port and Port Qasim due to the Sindh government levy, has not moved swiftly due to insufficient wagons supplied by Pakistan Railways (PR).
Published 02 Nov, 2004 12:00am
Supreme Court Shariat bench issues notices in parole case

Supreme Court Shariat bench issues notices in parole case

The five-member Shariat Appellate Bench of the Supreme Court is to determine if a convict under Hadood laws is entitled the facility of parole as was afforded to one Muhammad Shafi of Dera Ismail Khan in March this year.
Published 02 Nov, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Marriott back to normal

Marriott back to normal

Islamabad Marriott Hotel is back to normalcy after a small accident on Thursday night and has resumed full services, says a press release of the hotel.
Published 02 Nov, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (November 01) and rates for Tuesday (November 02, 2004).
Published 02 Nov, 2004 12:00am
Al-Noor TFC gets 'A-' rating

Al-Noor TFC gets 'A-' rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has converted 'preliminary' medium to long-term rating of 'A-' (Single A Minus) assigned to the second tranche of the proposed privately placed TFCs of Rs 100 million of Al-Noor Sugar Mills Ltd (ASML).
Published 02 Nov, 2004 12:00am
Al-Noor TFC gets 'A-' rating

Al-Noor TFC gets 'A-' rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has converted 'preliminary' medium to long-term rating of 'A-' (Single A Minus) assigned to the second tranche of the proposed privately placed TFCs of Rs 100 million of Al-Noor Sugar Mills Ltd (ASML).
Published 02 Nov, 2004 12:00am
Reshuffling of senior bureaucrats notified

Reshuffling of senior bureaucrats notified

The Establishment Division on Monday notified transfers and postings of senior federal bureaucracy. According to the notification, Javed Sadiq Malik, secretary, Planning Division, has been transferred and posted as principal secretary to the Prime Ministe
Published 02 Nov, 2004 12:00am
Hearing adjourned

Hearing adjourned

The Lahore High Court (LHC) on Monday adjourned to December 06, the proceedings in an election petition against provincial Food Minister Chaudhry Muhammad Iqbal.
Published 02 Nov, 2004 12:00am
Vocational training institute at Arifwala planned

Vocational training institute at Arifwala planned

Punjab Vocational Training Council (PVTC) will be setting up a vocational training institute at Arifwala District Pakpattan with the cost of Rs 21 million which would become functional by the end of current year.
Published 02 Nov, 2004 12:00am
SHC disposes of contempt plea

SHC disposes of contempt plea

Sindh High Court (SHC) on Monday disposed of contempt of court applications against jail authorities on shifting of two activists of Harkatul Mujahideen Al-Alami from Karachi jail to Hyderabad despite court orders.
Published 02 Nov, 2004 12:00am
India urged to allow APHC leaders to visit Pakistan

India urged to allow APHC leaders to visit Pakistan

Leader of All Parties Hurriyat Conference (APHC), Mirwaiz Umar Farooq has called upon India to allow Hurriyat delegation to visit Pakistan before third round of composite dialogue between the two countries.
Published 02 Nov, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
NWFP government bans 'Vioxx'

NWFP government bans 'Vioxx'

The NWFP health department has with immediate effect banned the sale and purchase of painkiller medicine Vioxx for being injurious to health. Vioxx, the generic name of which is Rofecoxib is being prepared and sold by almost 46 companies with different na
Published 02 Nov, 2004 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
LHC issues notice to Privatisation Commission

LHC issues notice to Privatisation Commission

Lahore High Court (LHC) has issued notice to Privatisation Commission (PC) and others in a petition filed by the family of C. M. Latif, the former owner of Peco, challenging the sale of shares of Peco by NIT and ICP. The petitioner's counsel Syed Mansoor
Published 02 Nov, 2004 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Government flayed for debarring Sharifs from funeral

Government flayed for debarring Sharifs from funeral

The political leaders belonging to different parties including PML-N, PPP-P, ANP and ARD components have flayed the government for not allowing the Sharif family particularly former premier Mian Nawaz Sharif and ex-chief minister Punjab Mian Shahbaz Shari
Published 02 Nov, 2004 12:00am
Laws being amended for people's convenience: Zafar

Laws being amended for people's convenience: Zafar

Muhammad Wasi Zafar, Federal Minister for Law, Justice and Human Rights, has said the government has decided in principle to make amendments to various laws, including PPC, CrPC and Rent Control Act etc to simplify the procedure for providing maximum reli
Published 02 Nov, 2004 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Poland assures support for ISTF Asia-05

Poland assures support for ISTF Asia-05

The Consul General of Poland in Karachi, Irneusz Makles, has expressed full support for the promotion of the International Spring Trade Fair (ISTF) Asia 2005 Exhibition and Conference.
Published 02 Nov, 2004 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Punjab University vice chancellor gives awards

Punjab University vice chancellor gives awards

Punjab University vice-chancellor Arshad Mahmood Monday gave awards and shields to the students of College of Art and Design who participated in Rafi Peer Theatre workshop and a play 'Khamosh Cheikh' based on the theme of child abuse.
Published 02 Nov, 2004 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
No incident of desecration took place at Peshawar dry port

No incident of desecration took place at Peshawar dry port

The Customs Intelligence & Investigation, Peshawar, has clarified that the Germany-bound consignment had contained only story books and there were no religious books as such there was no incident of desecration at the dry port here.
Published 02 Nov, 2004 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Ban on transfers, postings lifted

Ban on transfers, postings lifted

Sindh Chief Minister Dr Arbab Ghulam Rahim has lifted ban with immediate effect from transfers and postings of officials and other staff in the irrigation and power department and board of revenue.
Published 02 Nov, 2004 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am