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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-11-03
US vote weighs on rangebound LME metals

US vote weighs on rangebound LME metals

Uncertainty over the outcome of the US presidential election kept metals prices well within familiar ranges during Tuesday's open outcry trade on the London Metal Exchange (LME). "They (markets) look OK on the charts at the moment, but there is not going
Published 03 Nov, 2004 12:00am
US MIDDAY: copper higher

US MIDDAY: copper higher

Copper futures in New York were little changed in quiet dealings at the open on Tuesday, as traders awaited the outcome of the US presidential election, they said.
Published 03 Nov, 2004 12:00am
US MIDDAY: soya climbs

US MIDDAY: soya climbs

Soyabean futures at the Chicago Board of Trade were mixed by Tuesday's midsession, with the November contract higher due to firm US cash markets as farmers hold supplies, traders said.
Published 03 Nov, 2004 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures at the Chicago Board of Trade were mostly lower at midsession on Tuesday amid sluggish exports and outlooks for record-large world wheat output, traders said.
Published 03 Nov, 2004 12:00am
US MIDDAY: corn firms

US MIDDAY: corn firms

Firm cash markets and a mild recovery from Monday's price slide kept Chicago Board of Trade corn futures firm in early dealings on Tuesday, traders said. At 10:07 am CST (1607 GMT), CBOT corn was 1/2 to 1 cent per bushel higher, with December up 1/2 at $2
Published 03 Nov, 2004 12:00am
US MIDDAY: sugar rebounds

US MIDDAY: sugar rebounds

NYBOT raw sugar futures closed marginally higher Tuesday on modest trade and speculative buying in quiet business, with most brokers saying the sweetener may drift lower in the coming weeks, brokers said.
Published 03 Nov, 2004 12:00am
US MIDDAY: cocoa mixed

US MIDDAY: cocoa mixed

US cocoa futures ended narrowly mixed in range-bound trading on Tuesday, while some cocoa exporters in cocoa-rich Ivory Coast began shutting their doors because farmers were set to resume a strike. Traders said activity on the New York Board of Trade (NYB
Published 03 Nov, 2004 12:00am
US MIDDAY: coffee higher

US MIDDAY: coffee higher

US coffee futures got a boost Tuesday from light roaster buying coupled with speculative short-covering after prices failed to hold below a key technical support level, traders said. The most-active December arabica contract advanced 1.50 cent to settle a
Published 03 Nov, 2004 12:00am
Gold falls, market stalls ahead of US poll

Gold falls, market stalls ahead of US poll

Gold tracked back in Europe on Tuesday afternoon after prices failed to reach a near-16 year peak above $430.50 for the fourth time this year on Monday, but trade was thin as investors focused on the US presidential poll. The closely contested race for th
Published 03 Nov, 2004 12:00am
US MIDDAY: gold retreats

US MIDDAY: gold retreats

Gold futures fell in light trade on Tuesday morning, as dealers tracked a firm dollar while Americans turned out in large numbers to vote as the tight presidential election drew to a close.
Published 03 Nov, 2004 12:00am
London coffee extends rally

London coffee extends rally

London coffee futures gained about two percent on Tuesday on the back of roaster appetite for front-month prices that are still close to the lowest level in two years, traders said. Liffe's January contract closed at the upper end of its $572-586 range at
Published 03 Nov, 2004 12:00am
New York cotton closes higher

New York cotton closes higher

NYBOT cotton futures did an about-face to close higher Tuesday as speculative buying wiped out early losses in the market and follow-through purchases could buoy values in the days ahead, brokers said. December cotton rose 1.17 cents to finish at 45.15 ce
Published 03 Nov, 2004 12:00am
London sugar ends higher

London sugar ends higher

London white sugar futures closed slightly higher on speculative short covering and trade buying after a choppy session, dealers said. Operators said they were divided over the outlook for the market as it consolidated in a narrow range.
Published 03 Nov, 2004 12:00am
Oil drops below $50 as US votes

Oil drops below $50 as US votes

Oil dropped below $50 a barrel on Tuesday to the lowest price in more than a month, extending a $6 slide from recent peaks as the US presidential election got under way. Rising US crude stockpiles, signs of a slowdown in global economic growth and specula
Published 03 Nov, 2004 12:00am
Oil drops below $50 as US votes

Oil drops below $50 as US votes

Oil dropped below $50 a barrel on Tuesday to the lowest price in more than a month, extending a $6 slide from recent peaks as the US presidential election got under way. Rising US crude stockpiles, signs of a slowdown in global economic growth and specula
Published 03 Nov, 2004 12:00am
Voluntary tax compliance: challenges and solutions-III

Voluntary tax compliance: challenges and solutions-III

The use of "exincome" flows a concept of expenditure-income ("exincome") flows should be developed to create a system that can collect and process information needed by field formations rather than work with what they passively received.
Published 03 Nov, 2004 12:00am
Women cricket being promoted: PBC

Women cricket being promoted: PBC

The chairman, Pakistan Cricket Control Board (PCB), Shaharyar Khan, has said that Meera Phailbus has agreed to become the National Convener of Women's cricket in Pakistan. Mrs Phailbus has recently retired after 32 years as the principal of Kinnaird Colle
Published 03 Nov, 2004 12:00am
Students convention arrangements reviewed

Students convention arrangements reviewed

Punjab University (PU) vice-chancellor Arshad Mahmood chaired a meeting here on Tuesday, to review the arrangements of the Provincial Students Convention to be held in the first week of December at Aiwan-i-Iqbal.
Published 03 Nov, 2004 12:00am
Special teams formed to monitor mega projects

Special teams formed to monitor mega projects

Special teams comprising three members each of Chief Minister's Inspection Team (CMIT) have been constituted that would submit its reports to the Punjab Chief Minister about monitoring, quality of work and utilisation of funds in mega projects of agricult
Published 03 Nov, 2004 12:00am
LCCI and PHDCCI to form joint committee

LCCI and PHDCCI to form joint committee

The Lahore Chamber of Commerce and Industry (LCCI) and the Punjab-Haryana-Delhi Chamber of Commerce and Industry (PHDCCI) have decided to form a joint committee that will make efforts to promote Indo-Pak business and trade relations. The 12-member committ
Published 03 Nov, 2004 12:00am
Time for "a grand national reconciliation"

Time for "a grand national reconciliation"

In a startling statement in the Senate on Saturday, Senator Mushahid Hussain, extended a hand of reconciliation towards the two major Opposition parties, the PPP and the PML-N. Said he, "time has come for a grand national reconciliation... all political p
Published 03 Nov, 2004 12:00am
Rebuilding Karachi's infrastructure

Rebuilding Karachi's infrastructure

Speaking as chief guest at the ground-breaking ceremony of Karachi Port Trust's Rs 606 million three-tier flyover on Korangi Road, last Saturday, Prime Minister Shaukat Aziz seems to have deemed it politic to reiterate the government's commitment to inter
Published 03 Nov, 2004 12:00am
A proven case of insider trading

A proven case of insider trading

SECP decision: The recent decision made by the Securities and Exchange Commission of Pakistan (SECP) in the matter of show cause notice issued to Pakistan-Kuwait Investment Company (Pvt) Limited (PKIC) circulated to all stock exchanges regarding the insid
Published 03 Nov, 2004 12:00am
Algeria and France mend ties to bury a tough past

Algeria and France mend ties to bury a tough past

Half a century after the start of Algeria's war of independence, ties between Paris and Algiers have improved to the point of planning a friendship treaty next year.
Published 03 Nov, 2004 12:00am
Customs duty on import of softwares

Customs duty on import of softwares

Chairman CBR should look into the matter of unannounced imposition of 25% customs duty on software products by customs authorities. Earlier, the software products were imported under HS Code 9934:0000 and were exempted from customs duty and sales tax.
Published 03 Nov, 2004 12:00am
Overhead bridges

Overhead bridges

Reference the above news, regarding the city government's plan to build 28 overhead bridges in the city (Karachi) for pedestrians, on behalf of the residents of Karachi, I would like to thank and appreciate Naimatullah Khan, and his team for being so conc
Published 03 Nov, 2004 12:00am
Shaukat likely to visit India from November 22

Shaukat likely to visit India from November 22

Pakistan Prime Minister, Shaukat Aziz is expected to pay a two-day visit to India from November 22 in his capacity as outgoing chairman of South Asian Association for Regional Co-operation (Saarc).
Published 03 Nov, 2004 12:00am
Mirwaiz hopeful about tripartite dialogue

Mirwaiz hopeful about tripartite dialogue

Chairman of "Awami Action Committee", Mirwaiz Umar Farooq expressed the hope that the lingering Kashmir dispute would be resolved through tripartite dialogue between Pakistan, India and genuine representatives of Kashmiris.
Published 03 Nov, 2004 12:00am
KTI demands compensation for torched vehicles

KTI demands compensation for torched vehicles

President of Karachi Transport Ittehad (KTI) has demanded the administration for payment of compensation to the buses, mini-buses and coaches put on fire by miscreants in the city.
Published 03 Nov, 2004 12:00am
202 companies registered with SECP in October

202 companies registered with SECP in October

Total 202 companies were registered with the Securities and Exchange Commission of Pakistan (SECP), under the Companies Ordinance, during October, 2004, as compared to 162 companies registered in October 2003, reflecting an increase of 25 percent.
Published 03 Nov, 2004 12:00am
One hurt in Quetta car bomb blast

One hurt in Quetta car bomb blast

A car bomb exploded near the Balochistan Chief Minister, Jam Muhammad Yousuf's residence on Tuesday, wounding a policeman, officials and police said. Balochistan Home Minister, Shoaib Nosherwani told reporters that the bomb was in a car parked behind the
Published 03 Nov, 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 03 Nov, 2004 12:00am
One hurt in Quetta car bomb blast

One hurt in Quetta car bomb blast

A car bomb exploded near the Balochistan Chief Minister, Jam Muhammad Yousuf's residence on Tuesday, wounding a policeman, officials and police said. Balochistan Home Minister, Shoaib Nosherwani told reporters that the bomb was in a car parked behind the
Published 03 Nov, 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 Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
Blue-chips lead LSE rally

Blue-chips lead LSE rally

Led by blue chips, equities recovered earlier losses on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of declining badla rates. The LSE-25 index registered a gain of 58.68 points, closing at 2639.29 against 2580.61 of Monday
Published 03 Nov, 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 Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
Blue-chips lead LSE rally

Blue-chips lead LSE rally

Led by blue chips, equities recovered earlier losses on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of declining badla rates. The LSE-25 index registered a gain of 58.68 points, closing at 2639.29 against 2580.61 of Monday
Published 03 Nov, 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 Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
ISE index gains 93.13 points

ISE index gains 93.13 points

Bulls snatched the floor from the bears on the Islamabad Stock Exchange (ISE) where equities recovered under the lead of heavyweights amid the increase in the index. The ISE network index showed an increase of 93.13 points as the price-based indicator mov
Published 03 Nov, 2004 12:00am
ISE index gains 93.13 points

ISE index gains 93.13 points

Bulls snatched the floor from the bears on the Islamabad Stock Exchange (ISE) where equities recovered under the lead of heavyweights amid the increase in the index. The ISE network index showed an increase of 93.13 points as the price-based indicator mov
Published 03 Nov, 2004 12:00am
Time Warner's AOL unit to cut 700 jobs

Time Warner's AOL unit to cut 700 jobs

America Online, the world's largest Internet service provider, plans to lay off more than 700 employees early next month, or 5 percent of its US work force, to cut costs and meet financial goals, a source close to the company said on Tuesday.
Published 03 Nov, 2004 12:00am
China punishes 410 bank staff

China punishes 410 bank staff

Some 410 officials and employees of China's biggest state-owned commercial bank have been punished after auditors discovered 6.9 billion yuan (830 million dollars) had been embezzled, the government said Tuesday.
Published 03 Nov, 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 Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
BoJ promises to avoid abrupt shifts in policy

BoJ promises to avoid abrupt shifts in policy

Bank of Japan Governor Toshihiko Fukui said on Tuesday the central bank would not surprise financial markets with any sudden shift in policy, but he gave no clues on when its current ultra-loose policy might end.
Published 03 Nov, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 02, 2004).
Published 03 Nov, 2004 12:00am
Ryanair profit beats forecasts

Ryanair profit beats forecasts

No-frills airline Ryanair beat forecasts with an 18-percent jump in half-year profit after a strong summer and cheered investors on Tuesday with a surprisingly upbeat take on the full year.
Published 03 Nov, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
Ryanair profit beats forecasts

Ryanair profit beats forecasts

No-frills airline Ryanair beat forecasts with an 18-percent jump in half-year profit after a strong summer and cheered investors on Tuesday with a surprisingly upbeat take on the full year.
Published 03 Nov, 2004 12:00am
Aptma wants GSP extended till 2006

Aptma wants GSP extended till 2006

All Pakistan Textile Mills Association (Aptma) has expressed concern over the expiry of generalised system of preference (GSP) status by European Union to Pakistan as a country working against narcotics till December 2004. Talking to Business Recorder
Published 03 Nov, 2004 12:00am
Aptma wants GSP extended till 2006

Aptma wants GSP extended till 2006

All Pakistan Textile Mills Association (Aptma) has expressed concern over the expiry of generalised system of preference (GSP) status by European Union to Pakistan as a country working against narcotics till December 2004. Talking to Business Recorder
Published 03 Nov, 2004 12:00am
Sri Lanka seeks barter trade with Pakistan

Sri Lanka seeks barter trade with Pakistan

Prime Minister of Sri Lanka Makinda Rajapakse has suggested that Pakistani exporters should import betel nuts, pineapple, tea, etc in barter of rice. According to Reap, Makinda said this while talking to vice chairman Rice Exporters Association of Pakista
Published 03 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
Top Mujahid commander among six killed in Indian occupied Kashmir

Top Mujahid commander among six killed in Indian occupied Kashmir

Occupied Indian troops martyred two-Mujahideen in Indian occupied Kashmir (IoK), including a top commander, while four civilians killed and a trooper injured in a grenade explosion, officials claimed on Tuesday. Troopers from the Border Security Force ove
Published 03 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
Top Mujahid commander among six killed in Indian occupied Kashmir

Top Mujahid commander among six killed in Indian occupied Kashmir

Occupied Indian troops martyred two-Mujahideen in Indian occupied Kashmir (IoK), including a top commander, while four civilians killed and a trooper injured in a grenade explosion, officials claimed on Tuesday. Troopers from the Border Security Force ove
Published 03 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (November 02, 2004).

Published 03 Nov, 2004 12:00am
Fate of US economy in Asian investors' hands?

Fate of US economy in Asian investors' hands?

Basing readings on the large trade imbalance between the United States and Asia and the enormous accumulation of US bonds by Asian investors and central banks, the world finance experts suggest that the fate of Washington's economy is in the hands of Asia
Published 03 Nov, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 2, 2004).

Published 03 Nov, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 2, 2004).

Published 03 Nov, 2004 12:00am
New York rates' drop to have negative impact on Pakistan cotton prices

New York rates' drop to have negative impact on Pakistan cotton prices

The benchmark price of American cotton dropped to 44 cents on Tuesday, which would impact negatively on Pakistan cotton, said exporters. Exporters were lucky to get 44 cents per pound from Bangladesh and Thailand in the recent weeks. Exporters said that f
Published 03 Nov, 2004 12:00am
New York rates' drop to have negative impact on Pakistan cotton prices

New York rates' drop to have negative impact on Pakistan cotton prices

The benchmark price of American cotton dropped to 44 cents on Tuesday, which would impact negatively on Pakistan cotton, said exporters. Exporters were lucky to get 44 cents per pound from Bangladesh and Thailand in the recent weeks. Exporters said that f
Published 03 Nov, 2004 12:00am
Income tax officials may be posted to sales tax department

Income tax officials may be posted to sales tax department

The Central Board of Revenue (CBR) has decided to fully utilise the experience of income tax officials recently transferred to the sales tax department for improving the quality of sales tax audit, which is solely in the hands of a low grade sales tax aud
Published 03 Nov, 2004 12:00am
Income tax officials may be posted to sales tax department

Income tax officials may be posted to sales tax department

The Central Board of Revenue (CBR) has decided to fully utilise the experience of income tax officials recently transferred to the sales tax department for improving the quality of sales tax audit, which is solely in the hands of a low grade sales tax aud
Published 03 Nov, 2004 12:00am
Indian Air Force MiG-21 crashes

Indian Air Force MiG-21 crashes

A MiG 21 fighter aircraft of Indian Air Force crashed near Nal airbase in Bikaner following engine failure, IAF officials said on Tuesday. The aircraft was on a routine night sortie when it crashed in sand dunes close to air base, IAF spokesman said. He s
Published 03 Nov, 2004 12:00am
Indian Air Force MiG-21 crashes

Indian Air Force MiG-21 crashes

A MiG 21 fighter aircraft of Indian Air Force crashed near Nal airbase in Bikaner following engine failure, IAF officials said on Tuesday. The aircraft was on a routine night sortie when it crashed in sand dunes close to air base, IAF spokesman said. He s
Published 03 Nov, 2004 12:00am
Asset Investment Bank moves to raise capital

Asset Investment Bank moves to raise capital

Asset Investment Bank has entered into an amalgamation agreement with an institution which would help the bank to meet the capital requirement ceiling set by the Securities and Exchange Commission of Pakistan (SECP). According to an information received f
Published 03 Nov, 2004 12:00am
Asset Investment Bank moves to raise capital

Asset Investment Bank moves to raise capital

Asset Investment Bank has entered into an amalgamation agreement with an institution which would help the bank to meet the capital requirement ceiling set by the Securities and Exchange Commission of Pakistan (SECP). According to an information received f
Published 03 Nov, 2004 12:00am
Asset Investment Bank moves to raise capital

Asset Investment Bank moves to raise capital

Asset Investment Bank has entered into an amalgamation agreement with an institution which would help the bank to meet the capital requirement ceiling set by the Securities and Exchange Commission of Pakistan (SECP). According to an information received f
Published 03 Nov, 2004 12:00am
Steps taken to prevent WMD proliferation: Munir

Steps taken to prevent WMD proliferation: Munir

Pakistan said on Tuesday that it had established a strong safety culture in its nuclear installations and taken additional measures to prevent proliferation of weapons of mass destruction (WMD).
Published 03 Nov, 2004 12:00am
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