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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-11-22
South African stocks: eyes on Absa, rand and metals

South African stocks: eyes on Absa, rand and metals

Results from one of South Africa's "big four" banks Absa, the buoyant rand and strong precious metals prices will be the chief areas of interest to the South African stock market this week, traders said. Absa, a take-over target of British banking giant B
Published 22 Nov, 2004 12:00am
China to issue 35 billion yuan in treasury bonds

China to issue 35 billion yuan in treasury bonds

China's Ministry of Finance will issue 35 billion yuan ($4.2 billion) in treasury bonds this week to fund infrastructure projects and plug budgetary deficits, the ministry said. The seven-year bonds would be sold to domestic institutional and retail inves
Published 22 Nov, 2004 12:00am
China to issue 35 billion yuan in treasury bonds

China to issue 35 billion yuan in treasury bonds

China's Ministry of Finance will issue 35 billion yuan ($4.2 billion) in treasury bonds this week to fund infrastructure projects and plug budgetary deficits, the ministry said. The seven-year bonds would be sold to domestic institutional and retail inves
Published 22 Nov, 2004 12:00am
Hong Kong stocks set to pause after rally

Hong Kong stocks set to pause after rally

A rally in Hong Kong stocks looked set to stall this week after a jump in crude oil prices and a warning from the US central bank on interest rates prompted a pullback on Wall Street on Friday. US Federal Reserve chairman Alan Greenspan gave a stark remin
Published 22 Nov, 2004 12:00am
Indian shares to correct, bonds consolidate

Indian shares to correct, bonds consolidate

Indian shares are seen pausing this week after the index scaled a 9-month-high of 6,000 last week, but the undertone remains strong because of foreign fund inflows, market analysts said. An absence of fresh government debt issues and a reduction in borrow
Published 22 Nov, 2004 12:00am
Dollar and oil price to steer European stock market

Dollar and oil price to steer European stock market

As the earnings season peters out this week the focus is on the few blue chips reporting - such as Bayer, Ahold and Fortis - and on the dollar and oil. Strategists said that a rally, which saw the FTSEurofirst 300 index of pan-European blue chips close to
Published 22 Nov, 2004 12:00am
ECB hopes Asia can solve euro dilemma, risks remain

ECB hopes Asia can solve euro dilemma, risks remain

The European Central Bank has long been pressing Asian countries to allow their currencies to float freely. Is this the silver bullet that would solve the ECB's dilemma over a strong euro that could throttle growth? The idea is to unshackle the Chinese yu
Published 22 Nov, 2004 12:00am
Greenspan rate comments a reality check for bonds

Greenspan rate comments a reality check for bonds

This week's unlikely US Treasury bond market rally reversed course abruptly on Friday as Federal Reserve Chairman Alan Greenspan reiterated what most traders already knew - interest rates are on their way up. Until Thursday, benchmark yields had retreated
Published 22 Nov, 2004 12:00am
Greenspan rate comments a reality check for bonds

Greenspan rate comments a reality check for bonds

This week's unlikely US Treasury bond market rally reversed course abruptly on Friday as Federal Reserve Chairman Alan Greenspan reiterated what most traders already knew - interest rates are on their way up. Until Thursday, benchmark yields had retreated
Published 22 Nov, 2004 12:00am
Dollar's fall drives up Asian currencies

Dollar's fall drives up Asian currencies

The weakening of the US dollar drove Asian currencies upwards over the past week, with the yen spiking to its strongest level in more than four years.
Published 22 Nov, 2004 12:00am
Bargain hunting to lift Tokyo stocks after sell-off

Bargain hunting to lift Tokyo stocks after sell-off

Japan stock prices are expected to sag after a sharp drop in the US dollar on Friday, but investors were expected to be seeking bargains in exporters, such as Honda Motor Co, by the end of the week. Investors did not anticipate sustained weakness in the d
Published 22 Nov, 2004 12:00am
Taiwan stocks seen up on foreign buying

Taiwan stocks seen up on foreign buying

Taiwan stocks are expected to test highs not seen in nearly 7 weeks this week on foreign purchases ahead of a planned increase for the market in a key international benchmark. Foreign investors have been buying Taiwan shares since late October ahead of an
Published 22 Nov, 2004 12:00am
Google outline stock-trade plans

Google outline stock-trade plans

Google Inc recently said that co-founders Larry Page and Sergey Brin could each sell almost 20 percent of their holdings - stakes individually worth more than $1 billion at current share prices - under a plan filed with securities regulators. Eric Schmidt
Published 22 Nov, 2004 12:00am
Google outline stock-trade plans

Google outline stock-trade plans

Google Inc recently said that co-founders Larry Page and Sergey Brin could each sell almost 20 percent of their holdings - stakes individually worth more than $1 billion at current share prices - under a plan filed with securities regulators. Eric Schmidt
Published 22 Nov, 2004 12:00am
Cairo stock index up 1.6 percent at record high

Cairo stock index up 1.6 percent at record high

Egypt's benchmark stock index soared to a record closing high on Sunday on broad positive sentiment about the Egyptian economy and company results. Shares in banks and companies in the Orascom group helped push the Hermes index 1.6 percent higher to 23,20
Published 22 Nov, 2004 12:00am
Egypt interbank rate rises

Egypt interbank rate rises

The median overnight interbank rate on the Egyptian pound rose to 10-1/2 percent on Sunday from 9-1/2 percent on Thursday with rising demand for the pound pushing the cost of borrowing higher, bankers said. Banks were demanding more pounds because Monday
Published 22 Nov, 2004 12:00am
South Africa 459 for seven

South Africa 459 for seven

South Africa reached 459-7 at stumps on the second day of the first Test against India at the Green Park Stadium here on Sunday.
Published 22 Nov, 2004 12:00am
Ponting hails mighty Aussie turnaround for Test win

Ponting hails mighty Aussie turnaround for Test win

Ricky Ponting hailed two outstanding days of pressure cricket for delivering one of Australia's biggest Test victories over New Zealand inside four days at the Gabba here on Sunday. The Australians demoralised their trans-Tasman rivals by an innings and 1
Published 22 Nov, 2004 12:00am
PCB allows Shoaib to play Worcester

PCB allows Shoaib to play Worcester

Express pacer Shoaib Akhtar is free to play in English county cricket next year provided his national duties are not affected, the Pakistan Cricket Board (PCB) said on Sunday. "We have no objection to Akhtar's playing in English county as long as it does
Published 22 Nov, 2004 12:00am
Marathon tie-breaker win puts Federer in final

Marathon tie-breaker win puts Federer in final

World number one Roger Federer outlasted Marat Safin in a tie-breaker that matched the longest in tennis history here on Saturday to book a date against Lleyton Hewitt in the ATP Masters Cup final. Defending champion Federer denied the fourth-ranked Russi
Published 22 Nov, 2004 12:00am
Tiger Woods posts first Japan victory

Tiger Woods posts first Japan victory

Tiger Woods, showing signs of the form that made him world number one for more than five years, completed a start-to-finish victory at the Dunlop Phoenix golf tournament on Sunday for his first title on the Japan tour. Starting the final day with a comfor
Published 22 Nov, 2004 12:00am
Banks: MUSLIM COMMERCIAL BANK LIMITED - Nine Months Ended September 2004

Banks: MUSLIM COMMERCIAL BANK LIMITED - Nine Months Ended September 2004

Muslim Commercial Bank Limited (MCB) is listed on all the stock exchanges in Pakistan. The bank operates 981 branches inside Pakistan and 5 branches outside the country. It has earned a pre-tax profit of Rs 3.141 billion during the nine months ended Septe
Published 22 Nov, 2004 12:00am
Banks: MUSLIM COMMERCIAL BANK LIMITED - Nine Months Ended September 2004

Banks: MUSLIM COMMERCIAL BANK LIMITED - Nine Months Ended September 2004

Muslim Commercial Bank Limited (MCB) is listed on all the stock exchanges in Pakistan. The bank operates 981 branches inside Pakistan and 5 branches outside the country. It has earned a pre-tax profit of Rs 3.141 billion during the nine months ended Septe
Published 22 Nov, 2004 12:00am
Your rupee last week

Your rupee last week

Currency fluctuations took place in foreign exchange rates during the last week (November 18 to 20, 2004).

Published 22 Nov, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (November 21) and the forecast for Monday (November 22, 2004).
Published 22 Nov, 2004 12:00am
Congress approves $300 million military aid to Pakistan

Congress approves $300 million military aid to Pakistan

The US Congress on Saturday adopted a bill for $300 million in military assistance for Pakistan. The proposal was adopted along with the 566 billion dollar US budget that contains military aid programmes for Pakistan and Afghanistan. The budget also conta
Published 22 Nov, 2004 12:00am
Congress approves $300 million military aid to Pakistan

Congress approves $300 million military aid to Pakistan

The US Congress on Saturday adopted a bill for $300 million in military assistance for Pakistan. The proposal was adopted along with the 566 billion dollar US budget that contains military aid programmes for Pakistan and Afghanistan. The budget also conta
Published 22 Nov, 2004 12:00am
Number of items for import from India raised

Number of items for import from India raised

Pakistan has expanded its positive list of importable items from India by another 81 categories of goods in pursuance of Sapta negotiations, which were concluded some time back. Most of the new items now being included in the positive list are in the natu
Published 22 Nov, 2004 12:00am
Number of items for import from India raised

Number of items for import from India raised

Pakistan has expanded its positive list of importable items from India by another 81 categories of goods in pursuance of Sapta negotiations, which were concluded some time back. Most of the new items now being included in the positive list are in the natu
Published 22 Nov, 2004 12:00am
Number of items for import from India raised

Number of items for import from India raised

Pakistan has expanded its positive list of importable items from India by another 81 categories of goods in pursuance of Sapta negotiations, which were concluded some time back. Most of the new items now being included in the positive list are in the natu
Published 22 Nov, 2004 12:00am
54 killed as Chinese plane crashes

54 killed as Chinese plane crashes

A China Eastern commuter plane crashed into a frozen lake seconds after takeoff in Inner Mongolia on Sunday, killing 53 people on board and one on the ground, the airline and state media said. "Witnesses said that the plane broke into flaming fragments, a
Published 22 Nov, 2004 12:00am
54 killed as Chinese plane crashes

54 killed as Chinese plane crashes

A China Eastern commuter plane crashed into a frozen lake seconds after takeoff in Inner Mongolia on Sunday, killing 53 people on board and one on the ground, the airline and state media said. "Witnesses said that the plane broke into flaming fragments, a
Published 22 Nov, 2004 12:00am
Rupee-dollar parity rates down

Rupee-dollar parity rates down

Higher outflows of foreign exchange and low inflows pushed the rupee-dollar parity rates down in the currency market last week, money experts said. In the inter-bank market, the rupee lost seven paisa for buying and selling at 59.70 and 59.75 for a dollar
Published 22 Nov, 2004 12:00am
Rupee-dollar parity rates down

Rupee-dollar parity rates down

Higher outflows of foreign exchange and low inflows pushed the rupee-dollar parity rates down in the currency market last week, money experts said. In the inter-bank market, the rupee lost seven paisa for buying and selling at 59.70 and 59.75 for a dollar
Published 22 Nov, 2004 12:00am
Karachi Stock Exchange consolidates gains

Karachi Stock Exchange consolidates gains

Rumours of Pakistan State Oil privatisation announcement and acceleration in sell-off of PTCL along with institutional support helped the Karachi Stock Exchange (KSE) end on positive note. During the last week, there were only two days for trading at loca
Published 22 Nov, 2004 12:00am
Karachi Stock Exchange consolidates gains

Karachi Stock Exchange consolidates gains

Rumours of Pakistan State Oil privatisation announcement and acceleration in sell-off of PTCL along with institutional support helped the Karachi Stock Exchange (KSE) end on positive note. During the last week, there were only two days for trading at loca
Published 22 Nov, 2004 12:00am
Badla rate posts whopping rise of 36 percent

Badla rate posts whopping rise of 36 percent

The average badla rate in the last two sessions rose almost 36 percent because of buying spurted in the heavy weights of the local bourses and liquidity crunch at the money market. The weighted average badla rate at KSE last Friday rose to 11.7 percent, w
Published 22 Nov, 2004 12:00am
Badla rate posts whopping rise of 36 percent

Badla rate posts whopping rise of 36 percent

The average badla rate in the last two sessions rose almost 36 percent because of buying spurted in the heavy weights of the local bourses and liquidity crunch at the money market. The weighted average badla rate at KSE last Friday rose to 11.7 percent, w
Published 22 Nov, 2004 12:00am
Banks investment in capital market falls 33 percent

Banks investment in capital market falls 33 percent

The investments of local banks at the equity market fell 33 percent in almost 10 months of 2004 as most of the institutions to comply the condition of the State Bank of Pakistan (SBP) to reduce their placements at the capital market offloaded their holdin
Published 22 Nov, 2004 12:00am
Banks investment in capital market falls 33 percent

Banks investment in capital market falls 33 percent

The investments of local banks at the equity market fell 33 percent in almost 10 months of 2004 as most of the institutions to comply the condition of the State Bank of Pakistan (SBP) to reduce their placements at the capital market offloaded their holdin
Published 22 Nov, 2004 12:00am
Banks investment in capital market falls 33 percent

Banks investment in capital market falls 33 percent

The investments of local banks at the equity market fell 33 percent in almost 10 months of 2004 as most of the institutions to comply the condition of the State Bank of Pakistan (SBP) to reduce their placements at the capital market offloaded their holdin
Published 22 Nov, 2004 12:00am
Iraq elections set for January 30

Iraq elections set for January 30

Iraq announced on Sunday that its first post-Saddam Hussein elections will be held on January 30, 2005,as world powers prepared for a conference on the country's future against a backdrop of unrelenting violence. "The electoral commission has unanimously
Published 22 Nov, 2004 12:00am
Iraq elections set for January 30

Iraq elections set for January 30

Iraq announced on Sunday that its first post-Saddam Hussein elections will be held on January 30, 2005,as world powers prepared for a conference on the country's future against a backdrop of unrelenting violence. "The electoral commission has unanimously
Published 22 Nov, 2004 12:00am
Indian textile mills ramp up for life after quotas

Indian textile mills ramp up for life after quotas

Among the millions around the world whose lives will change when global textile quotas expire at the end of the year are the illiterate women garment workers of India's Gujarat state.
Published 22 Nov, 2004 12:00am
Poland almost sure of euro criteria in 2007

Poland almost sure of euro criteria in 2007

Poland is almost certain to meet the euro adoption criteria in 2007 as planned and should bring its inflation back to the central bank's target in the middle of next year, Finance Minister Miroslaw Gronicki said on Wednesday. Speaking on the sidelines of
Published 22 Nov, 2004 12:00am
Ride may be smoother for Asian feed trade in 2005

Ride may be smoother for Asian feed trade in 2005

Asian feed millers may be nearing the end of a long, rocky ride. From tapioca to palm kernel, feed grain buyers earlier this year scrambled to pick up every available cargo that could be used as an alternative to corn, which rose to 6-1/2-year highs on wo
Published 22 Nov, 2004 12:00am
US faces tough winter as heat cargoes don't arrive

US faces tough winter as heat cargoes don't arrive

Surging US heating oil prices and paper-thin supplies have failed to attract a late-autumn flood of imports, leaving the world's largest energy market poorly stocked for winter, analysts said on Wednesday. The problem, experts said, is soaring demand from
Published 22 Nov, 2004 12:00am
Motorola unit offers Bond-like technology

Motorola unit offers Bond-like technology

Motorola Inc may be best known for cellular phones, but it has also created a host of technologies that might be the envy of James Bond. The company's commercial security business builds everything from private radio networks and electronic fingerprint id
Published 22 Nov, 2004 12:00am
Troops destroy militants training camps

Troops destroy militants training camps

Troops have destroyed militant training camps and seized a big quantity of weapons during an anti-terrorism operation in a remote tribal region near Afghanistan, the military said on Sunday. The operation was launched early this month in an area of South
Published 22 Nov, 2004 12:00am
Oracle says 61 percent of PeopleSoft stock tendered

Oracle says 61 percent of PeopleSoft stock tendered

Oracle Corp on Friday said 61 percent of PeopleSoft Inc shares were tendered for its $24-a-share offer, strengthening Oracle's hostile bid position as it waits to see if PeopleSoft's board will remove the final barrier to a deal. Oracle had warned it woul
Published 22 Nov, 2004 12:00am
Oracle says 61 percent of PeopleSoft stock tendered

Oracle says 61 percent of PeopleSoft stock tendered

Oracle Corp on Friday said 61 percent of PeopleSoft Inc shares were tendered for its $24-a-share offer, strengthening Oracle's hostile bid position as it waits to see if PeopleSoft's board will remove the final barrier to a deal. Oracle had warned it woul
Published 22 Nov, 2004 12:00am
Shell ripe for Woodside stake sale to CNOOC

Shell ripe for Woodside stake sale to CNOOC

Shell's $3.5 billion stake in Australia's top oil firm, Woodside, could be up for grabs, and bankers see China's CNOOC as a likely buyer in a deal sweetened by more access for Shell to Chinese natural gas markets. Royal Dutch/Shell has said it wants to ra
Published 22 Nov, 2004 12:00am
Shell ripe for Woodside stake sale to CNOOC

Shell ripe for Woodside stake sale to CNOOC

Shell's $3.5 billion stake in Australia's top oil firm, Woodside, could be up for grabs, and bankers see China's CNOOC as a likely buyer in a deal sweetened by more access for Shell to Chinese natural gas markets. Royal Dutch/Shell has said it wants to ra
Published 22 Nov, 2004 12:00am
Asia's Tapis joins sweet crudes price plunge

Asia's Tapis joins sweet crudes price plunge

Asia-Pacific benchmark Tapis is slipping into a deepening contango, the latest low-sulphur crude to succumb to prompt pressures as high outright prices and year-end accounting measures erode demand for light sweet oil. Tapis frontmonth swaps flipped into
Published 22 Nov, 2004 12:00am
Asia's Tapis joins sweet crudes price plunge

Asia's Tapis joins sweet crudes price plunge

Asia-Pacific benchmark Tapis is slipping into a deepening contango, the latest low-sulphur crude to succumb to prompt pressures as high outright prices and year-end accounting measures erode demand for light sweet oil. Tapis frontmonth swaps flipped into
Published 22 Nov, 2004 12:00am
Growers not supplying cane: six mills threaten to wind up crushing

Growers not supplying cane: six mills threaten to wind up crushing

The 'no-cane' situation at the six sugar mills in Badin district undertaking crushing still exists as the growers have refused to supply cane to the mills Eighteen (18) out of 24 hours the mills faces "no-cane" situation while only six hours are operation
Published 22 Nov, 2004 12:00am
Sui gas supply project opens in Malakand Agency

Sui gas supply project opens in Malakand Agency

Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Sunday inaugurated Sui Gas supply projects worth of Rs 270 million in various areas of Malakand Agency that include Sakhakot, Dargai, Betkhela, Thana and adjoining localities. A
Published 22 Nov, 2004 12:00am
Six die in van-trailer crash

Six die in van-trailer crash

Six persons were killed and more than one dozen injured, three of them seriously, when a passenger van crashed into a trailer on Faisalabad-Sheikhupura Road near Manawala here on Sunday. According to police, four women, Rehmat Bibi, Nusrat Bibi, Qamar Par
Published 22 Nov, 2004 12:00am
Pak-India peace vital for region: Kasuri

Pak-India peace vital for region: Kasuri

Foreign Minister Khurshid Mahmud Kasuri, speaking at the third session of South Asian Free Media Association (Safma) conference here on Sunday said that peace between Pakistan and India "is not only in the interest of both countries" but also the entire r
Published 22 Nov, 2004 12:00am
European diesel now worth more than jet fuel

European diesel now worth more than jet fuel

Diesel for motorists and truckers now costs more than fuel for planes on Europe's spot market, as traders try to attract cargoes from outside the region to meet growing demand for the motor oil. "Jet demand has really been quite weak and it can't be blend
Published 22 Nov, 2004 12:00am
Era of benchmarked funds makes way for hedge funds

Era of benchmarked funds makes way for hedge funds

For 30 years fund managers have focused on beating indexes, but another stock market downturn in 2005 after half a decade of weak performance could force a complete U-turn in the use of benchmarks, analysts said. "It needed a serious bear market for rethi
Published 22 Nov, 2004 12:00am
Era of benchmarked funds makes way for hedge funds

Era of benchmarked funds makes way for hedge funds

For 30 years fund managers have focused on beating indexes, but another stock market downturn in 2005 after half a decade of weak performance could force a complete U-turn in the use of benchmarks, analysts said. "It needed a serious bear market for rethi
Published 22 Nov, 2004 12:00am
Complete shutter down in Panjgur

Complete shutter down in Panjgur

A complete shutter down was observed against kidnapping for ransom and other crimes on the call by Balochistan National Party Awami here on Sunday. The shutter down was marked by a protest rally in the city. It was led by Central Secretary General Asadull
Published 22 Nov, 2004 12:00am
GDP and BoE speeches in focus for UK gilts

GDP and BoE speeches in focus for UK gilts

British government bonds are bracing for another volatile week, with the market in a tug of war between the temptation to take profits from a recent rally and a bullish view that base rates have peaked.
Published 22 Nov, 2004 12:00am
GDP and BoE speeches in focus for UK gilts

GDP and BoE speeches in focus for UK gilts

British government bonds are bracing for another volatile week, with the market in a tug of war between the temptation to take profits from a recent rally and a bullish view that base rates have peaked.
Published 22 Nov, 2004 12:00am
India wants peace talks to progress: Manmohan

India wants peace talks to progress: Manmohan

Indian Prime Minister Manmohan Singh said on Sunday that India was committed to continuing peace talks with Pakistan, amid a verbal spat between the arch-rivals ahead of a visit by Premier Shaukat Aziz. "We are very serious about the composite dialogue. W
Published 22 Nov, 2004 12:00am
India wants peace talks to progress: Manmohan

India wants peace talks to progress: Manmohan

Indian Prime Minister Manmohan Singh said on Sunday that India was committed to continuing peace talks with Pakistan, amid a verbal spat between the arch-rivals ahead of a visit by Premier Shaukat Aziz. "We are very serious about the composite dialogue. W
Published 22 Nov, 2004 12:00am
Duty on machinery as per declared value: CBR

Duty on machinery as per declared value: CBR

To encourage investors for setting up new industrial plants in the country, the Central Board of Revenue (CBR) has announced that machinery, equipment and apparatus liable to 5 percent customs duty (exempted from sales tax and withholding tax) would be as
Published 22 Nov, 2004 12:00am
Duty on machinery as per declared value: CBR

Duty on machinery as per declared value: CBR

To encourage investors for setting up new industrial plants in the country, the Central Board of Revenue (CBR) has announced that machinery, equipment and apparatus liable to 5 percent customs duty (exempted from sales tax and withholding tax) would be as
Published 22 Nov, 2004 12:00am
Al-Ghazi declares highest-ever profit

Al-Ghazi declares highest-ever profit

A sturdy growth in the large manufacturing sector reigns in the country, and Al-Ghazi Tractors Limited (AGTL), picking the benefit of an amplified demand for tractors, has stepped up production. The company booked highest ever profit in 9M-FY04 amounting
Published 22 Nov, 2004 12:00am
Al-Ghazi declares highest-ever profit

Al-Ghazi declares highest-ever profit

A sturdy growth in the large manufacturing sector reigns in the country, and Al-Ghazi Tractors Limited (AGTL), picking the benefit of an amplified demand for tractors, has stepped up production. The company booked highest ever profit in 9M-FY04 amounting
Published 22 Nov, 2004 12:00am
Al-Ghazi declares highest-ever profit

Al-Ghazi declares highest-ever profit

A sturdy growth in the large manufacturing sector reigns in the country, and Al-Ghazi Tractors Limited (AGTL), picking the benefit of an amplified demand for tractors, has stepped up production. The company booked highest ever profit in 9M-FY04 amounting
Published 22 Nov, 2004 12:00am
Modalities for 'Sukuk' bonds to be finalised today

Modalities for 'Sukuk' bonds to be finalised today

Dr Ashfaq Hasan Khan, Economic Adviser in Finance Ministry, will hold a meeting on Monday to set the modalities for the launch of Shariah compatible 'Islamic bonds' called 'Sukuk'. The government is planning to launch these bonds for domestic Islamic bank
Published 22 Nov, 2004 12:00am
Modalities for 'Sukuk' bonds to be finalised today

Modalities for 'Sukuk' bonds to be finalised today

Dr Ashfaq Hasan Khan, Economic Adviser in Finance Ministry, will hold a meeting on Monday to set the modalities for the launch of Shariah compatible 'Islamic bonds' called 'Sukuk'. The government is planning to launch these bonds for domestic Islamic bank
Published 22 Nov, 2004 12:00am
Modalities for ''Sukuk'' bonds to be finalised today

Modalities for ''Sukuk'' bonds to be finalised today

Dr Ashfaq Hasan Khan, Economic Adviser in Finance Ministry, will hold a meeting on Monday to set the modalities for the launch of Shariah compatible ''Islamic bonds'' called ''Sukuk''. The government is planning to launch these bonds for domestic Islamic
Published 22 Nov, 2004 12:00am
US company wants to build Neelum hydropower project on BOT basis

US company wants to build Neelum hydropower project on BOT basis

YRM Investments Limited, a New York-based American company, has expressed interest to construct Neelum-Jhelum hydropower project on 'Build-Own-Transfer' (BOT) basis, official sources told Business Recorder."We have got approval from our board of co
Published 22 Nov, 2004 12:00am
US company wants to build Neelum hydropower project on BOT basis

US company wants to build Neelum hydropower project on BOT basis

YRM Investments Limited, a New York-based American company, has expressed interest to construct Neelum-Jhelum hydropower project on 'Build-Own-Transfer' (BOT) basis, official sources told Business Recorder."We have got approval from our board of co
Published 22 Nov, 2004 12:00am
Listed companies record 34 percent growth since 2001

Listed companies record 34 percent growth since 2001

About three-fourth of the listed companies, in terms of market capitalisation of Karachi Stock Exchange (KSE), recorded healthy profits which helped boost the share prices. One of the contributing factors to the stock market boom in Pakistan was the risin
Published 22 Nov, 2004 12:00am
KSE Top Companies Awards on December 5, Prime Minister to be chief guest

KSE Top Companies Awards on December 5, Prime Minister to be chief guest

In order to felicitate the managements of the 'Top Companies' on account of their exemplary performance, the Karachi Stock Exchange has planned to hold the 'Top Companies Awards' distribution function for two years--2002 & 2003--in December, said Moin M F
Published 22 Nov, 2004 12:00am
Largest-ever cause list for four Supreme Court benches

Largest-ever cause list for four Supreme Court benches

The largest-ever cause list - 82 pages with nearly a thousand cases await four benches of the Supreme Court (SC) during the five working days of next judicial week that opens on Monday. Majority of cases are on determination of questions pertaining to var
Published 22 Nov, 2004 12:00am
Chishti re-elected ex-servicemen body chief

Chishti re-elected ex-servicemen body chief

The architect of 1977 coup d'etat and colleague of Ziaul Haq, Lieutenant General Faiz Ali Chishti, was unanimously elected President of Pakistan Ex-servicemen Society for the fourth time on Sunday. Later addressing the-100 member national council, Chishti
Published 22 Nov, 2004 12:00am
Wazirabad cutlery industry facing hardships

Wazirabad cutlery industry facing hardships

The centuries old cutlery industry of Wazirabad which has an annual export of $34 million is facing crisis due to the dumping of cutlery from China, insufficient micro-credit facilities, depreciated or outdated technology, minimal support from the governm
Published 22 Nov, 2004 12:00am
Comparison with India: Pakistan safe for US businessmen, families

Comparison with India: Pakistan safe for US businessmen, families

The American government has been slapped for its failure to provide proper briefing to its businessmen and investors on "assault and robbery" or other violence in the foreign countries because if it had, it would "demonstrate that Pakistan's major cities
Published 22 Nov, 2004 12:00am
ICT police fails to get houses vacated from illegal occupants

ICT police fails to get houses vacated from illegal occupants

Islamabad Capital Territory (ICT) Police has not so far been able to get vacated even a single house out of 354 government houses from illegal occupation of its officials despite a resolution passed by National Assembly and repeated calls by parliamentary
Published 22 Nov, 2004 12:00am
Need stressed for understanding teachings of Islam

Need stressed for understanding teachings of Islam

German intellectual and career diplomat Dr Gunter Mulack emphasised the need for understanding the teachings of Islam, a religion of tolerance, peace and love. Speaking on 'Dialogue on Islam' at a lecture session organised by the Department of Internation
Published 22 Nov, 2004 12:00am
Rs 30 billion allocated for quality education: Sindh governor

Rs 30 billion allocated for quality education: Sindh governor

A hefty amount of Rs 30 billion has been earmarked for universities of Sindh province to ensure quality education, Sindh Governor Dr Ishratul Ibad said here on Sunday. Addressing launching ceremony of Pakistan Consortium of British Universities here, he s
Published 22 Nov, 2004 12:00am
Raiwind congregation

Raiwind congregation

Punjab Chief Minister Pervaiz Elahi attended Tablighi congregation at Raiwind on Sunday. Chief Ministers of Sindh and NWFP and Fazlur Rehman also accompanied him.
Published 22 Nov, 2004 12:00am
Setting up of new industries inevitable

Setting up of new industries inevitable

Punjab Minister for Tourism Mian Mohammad Aslam Iqbal has said that establishment of new industries is inevitable for promotion of trade activities in the province. Addressing various delegations of traders who called on him here on Sunday, the minister s
Published 22 Nov, 2004 12:00am
Lawyers to observe black day on January 10

Lawyers to observe black day on January 10

The lawyers community will observe black day on January 10, 2005, to press General Pervez Musharraf to quit both the offices of President and Chief of Army Staff. The decision was taken in the All Pakistan Lawyers Convention held here in Karachi Hall of t
Published 22 Nov, 2004 12:00am
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