News Archives for Print - 2004-12-01

US treasuries bid prices

US treasuries bid prices on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

India test-fires Akash missile

India on Tuesday test-fired a short-range anti-aircraft missile from a site in the eastern state of Orissa, defence sources said. This was the second test of the missile, named "Akash", which means sky in Hindi, in four days. The last successful test was

Published 01 Dec, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

JJVL to add 500 tonnes per day LPG to total output

The Jamshoro Joint Venture Limited (JJVL), a project managed by Lahore-based Associated Group, when completed by year-end, will produce 500 tonnes of Liquefied Petroleum Gas (LPG) and 100 tonnes of Natural Gas Liquid (NGL) per day, raising the total natio

Published 01 Dec, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

JJVL to add 500 tonnes per day LPG to total output

The Jamshoro Joint Venture Limited (JJVL), a project managed by Lahore-based Associated Group, when completed by year-end, will produce 500 tonnes of Liquefied Petroleum Gas (LPG) and 100 tonnes of Natural Gas Liquid (NGL) per day, raising the total natio

Published 01 Dec, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

Pakistan, India exchange views on electoral process and reforms

Pakistan and India on Tuesday exchanged views on electoral process and reforms and decided to have close interaction between the Election Commissions of the two sides. Chief Election Commissioner, Justice Irshad Hassan Khan (Retd) was given comprehensive

Published 01 Dec, 2004 12:00am

Spot dollar rates

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

Published 01 Dec, 2004 12:00am

Heavy snowfall blocks traffic at Lowari Pass

Traffic movement has been suspended through Lowari Pass due to heavy snow fall/rainfall on Monday (November 29). This was stated in a press release of National Highway Authority (NHA) issued here on Tuesday. The traffic could only move up to Lowari Villag

Published 01 Dec, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

Deletion scheme to be reviewed: minister

With a view to encouraging new manufacturers of cars, the government has decided to review its deletion programme so as to meet the increasing demand for cars. Federal Minister for Industries and Production, Jahangir Khan Tareen, said this while talking t

Published 01 Dec, 2004 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

Deletion scheme to be reviewed: minister

With a view to encouraging new manufacturers of cars, the government has decided to review its deletion programme so as to meet the increasing demand for cars. Federal Minister for Industries and Production, Jahangir Khan Tareen, said this while talking t

Published 01 Dec, 2004 12:00am

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 30, 2004).

Published 01 Dec, 2004 12:00am

Government provides level playing field to investors: Prime Minister

Prime Minister Shaukat Aziz on Tuesday said the foreign investment in Pakistan is welcomed and for this purpose the government had provided a level playing field to all the foreign investors. He stated this while talking to American Energy Services (AES)

Published 01 Dec, 2004 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

ADB approves $300,000 for reforms process

The Asian Development Bank (ADB) has approved a technical assistance of $300,000 to undertake the evaluation of irrigation rehabilitation programme and reforms process in Pakistan. This grant would be disbursed under the National Drainage Programme in ord

Published 01 Dec, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

Eurozone sentiment falls, undermined by services

Eurozone economic sentiment fell to a four-month low in November as confidence in the service sector took a hit, the European Commission said on Tuesday. Evidence of waning morale will reinforce expectations that eurozone growth is losing momentum in the

Published 01 Dec, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

Bank of New York in talks to avoid indictment: WSJ

Bank of New York Co may pay $24 million to avoid a possible criminal indictment for failing to report suspicious activity at a branch, the latest sign of the US government's effort to stop money laundering, The Wall Street Journal said on Tuesday.

Published 01 Dec, 2004 12:00am

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 30, 2004).

Published 01 Dec, 2004 12:00am

UK's Compass heads south as 2005 forecasts cut

Britain's Compass Group Plc, the world's largest contract caterer, posted a bigger than expected fall in underlying annual profit, sending its stock to a 5-week low as analysts cut forecasts on Tuesday. Compass shares, which have under-performed their sec

Published 01 Dec, 2004 12:00am

Conversion for foreign currency deposits

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

Published 01 Dec, 2004 12:00am

UK's Compass heads south as 2005 forecasts cut

Britain's Compass Group Plc, the world's largest contract caterer, posted a bigger than expected fall in underlying annual profit, sending its stock to a 5-week low as analysts cut forecasts on Tuesday. Compass shares, which have under-performed their sec

Published 01 Dec, 2004 12:00am

Exchange rates: buying and selling

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

Published 01 Dec, 2004 12:00am

AFL-CIO chief to press labour rights in China

The leader of the largest US labour organisation said on Monday he would travel to China next month for a meeting to urge Wal-Mart and other multinationals operating there to honour basic workers' rights. John Sweeney, president of the AFL-CIO, told repor

Published 01 Dec, 2004 12:00am

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 01 Dec, 2004 12:00am

Canadian growth slows, currency curbs exports

Canada's economy grew 3.2 percent in the third quarter, below expectations, as the soaring Canadian dollar drove demand for imports but slashed energy and auto exports, Statistics Canada said on Tuesday. The weaker-than-forecast figures, coupled with a do

Published 01 Dec, 2004 12:00am

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 01 Dec, 2004 12:00am

UK house prices, retail sales jump in November

British house prices and retail sales shot up at their fastest pace in four months in November, reports showed on Tuesday, defying growing speculation that the economy has run out of steam. The pound soared and interest rate futures fell after the new fig

Published 01 Dec, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (November 30, 2004).

Published 01 Dec, 2004 12:00am

Mixed trend on ISE

Mixed trend was observed on the Islamabad Stock Exchange (ISE) where bulls and bears had a close fight amid the increase in index. ISE network index showed an increase 5.09 points as the rate-based indicator moved from 11,890.71 to 11,895.80 points, while

Published 01 Dec, 2004 12:00am

Syria tenders to sell cotton

Syria's General Foreign Trade Organisation issued a tender on Tuesday to sell 25,000 tonne cotton linters, plus or minus 10 percent. The agency set shipment of the cotton, which will be sold FOB at the port of Latakia z the agency's warehouses, between Ma

Published 01 Dec, 2004 12:00am

Mixed trend on ISE

Mixed trend was observed on the Islamabad Stock Exchange (ISE) where bulls and bears had a close fight amid the increase in index. ISE network index showed an increase 5.09 points as the rate-based indicator moved from 11,890.71 to 11,895.80 points, while

Published 01 Dec, 2004 12:00am

New York cocoa ends flat to softer on speculative fund sales

New York cocoa futures ended steady to slightly weaker on Monday as speculative funds liquidated positions following a long holiday weekend. New York Board of Trade's most-active March cocoa settled unchanged at $1,600 a tonne, after dealing from $1,553 t

Published 01 Dec, 2004 12:00am

Equities move both ways on LSE

Equities moved both the ways on the Lahore Stock Exchange (LSE), but finally closed in negative zone amid squeezed transaction volume on account of profit-taking. The LSE-25 index marginally improved by 1.26 points, closing at 2746.31 against 2745.05 of M

Published 01 Dec, 2004 12:00am

New York coffee ends up over 6 percent at new contract high

A flurry of speculative fund buying pushed New York arabica coffee futures more than 6 percent higher on Monday, with the most-active contract marking a new high as it neared $1 a pound, traders said. New York Board of Trade's most-active March arabica co

Published 01 Dec, 2004 12:00am

Equities move both ways on LSE

Equities moved both the ways on the Lahore Stock Exchange (LSE), but finally closed in negative zone amid squeezed transaction volume on account of profit-taking. The LSE-25 index marginally improved by 1.26 points, closing at 2746.31 against 2745.05 of M

Published 01 Dec, 2004 12:00am

Malaysian palm exports 1,095,099 tonnes in November: SGS

Exports of Malaysian oil palm products for November stood at 1,095,099 tonnes, down 10.8 percent from the 1,227,363 tonnes seen for October, cargo surveyor Societe Generale de Surveillance said on Tuesday. But the figure was 5.2 percent higher when compar

Published 01 Dec, 2004 12:00am

Resolution of disputes vital for peace: Shaukat

Prime Minister Shaukat Aziz on Tuesday emphasised upon the need to resolve disputes in the region to promote bilateral and regional co-operation and to ensure peace. Inaugurating the fifth General Assembly of the Association of Asian Parliaments for Peace

Published 01 Dec, 2004 12:00am

South Korea to seek 40,032 tonnes of rice

South Korea's Agricultural and Fishery Marketing Corporation has issued tenders to buy a total of 40,032 tonnes of non-glutinous short-grain brown rice on December 10, the state-run organisation said on Tuesday. Bids for the tenders should be registered b

Published 01 Dec, 2004 12:00am

Resolution of disputes vital for peace: Shaukat

Prime Minister Shaukat Aziz on Tuesday emphasised upon the need to resolve disputes in the region to promote bilateral and regional co-operation and to ensure peace. Inaugurating the fifth General Assembly of the Association of Asian Parliaments for Peace

Published 01 Dec, 2004 12:00am

Hot and dry weather hits Australian winter crops

Australia's premier winter grains crops output is expected to fall by more than 20 percent after recent hot, dry weather, with the government's commodities unit downgrading its forecasts for a second time. The Australian Bureau of Agricultural and Resourc

Published 01 Dec, 2004 12:00am

July-November revenue surpasses target: Rs 199.32 billion collected

The Central Board of Revenue (CBR) has collected Rs 199.32 billion revenue during July-November (2004-05) against the target of Rs 193 billion, reflecting an increase of Rs 6.32 billion. Official sources told Business Recorder here on Tuesday that

Published 01 Dec, 2004 12:00am

Asian fuel oil rise 1.15 million tonnes

A total of 1.5 million tonnes of fuel oil have been fixed to land Asia in December, up from the year-low of 1.15 million tonnes a month earlier, industry sources said on Tuesday. The unexpectedly high volume for the month, which saw less than a million to

Published 01 Dec, 2004 12:00am

July-November revenue surpasses target: Rs 199.32 billion collected

The Central Board of Revenue (CBR) has collected Rs 199.32 billion revenue during July-November (2004-05) against the target of Rs 193 billion, reflecting an increase of Rs 6.32 billion. Official sources told Business Recorder here on Tuesday that

Published 01 Dec, 2004 12:00am

India needs policy on wheat exports to spur sales

India, buoyed by prospects of a bumper wheat crop, should spell out its policy on grains exports soon to make a dent in the global market and recapture customers, industry officials said on Tuesday. They said the lack of a consistent government policy had

Published 01 Dec, 2004 12:00am

SBP raises Rs 9.2 billion through open market operation

The State Bank on Tuesday raised Rs 9.2 billion through one-week Open Market Operation. No amount was offered for two weeks. However, the outflow did not affect the money market rates much. The overnight rate was swinging between 1.25 and 1.5 percent show

Published 01 Dec, 2004 12:00am

German hi-tech sector to create 10,000 jobs

The German computer and telecommunications sector hopes to create around 10,000 new jobs next year, as the hi-tech industry gets back on its feet, the head of the Bitkom industry federation, Willi Berthold, said on Tuesday. "A lot of companies are startin

Published 01 Dec, 2004 12:00am

SBP raises Rs 9.2 billion through open market operation

The State Bank on Tuesday raised Rs 9.2 billion through one-week Open Market Operation. No amount was offered for two weeks. However, the outflow did not affect the money market rates much. The overnight rate was swinging between 1.25 and 1.5 percent show

Published 01 Dec, 2004 12:00am

Reliance asks quitting directors to stay on

The board of utility Reliance Energy Ltd asked six directors who resigned last week to reconsider their decisions as India's largest conglomerate tries to mend a rift between the two Ambani brothers who run it. The board also said it would consult the boa

Published 01 Dec, 2004 12:00am

PSF price raised by Rs 3 per kg

The price of polyester staple fiber (PSF) will be up by rupees three per kilogram to Rs 95 per kilogram from Wednesday (December 1). The increase is less by one rupee as compared to the increase in the price from Rs 90 to Rs 94 per kilogram in November. H

Published 01 Dec, 2004 12:00am

Lawmakers grill Citigroup Japan chief over scandal

Citigroup's top executive in Japan endured unprecedented questioning by lawmakers on Tuesday over a scandal at the firm's private bank in the country, the latest turn in a high-profile case that has embarrassed the world's biggest financial company. Citib

Published 01 Dec, 2004 12:00am

PSF price raised by Rs 3 per kg

The price of polyester staple fiber (PSF) will be up by rupees three per kilogram to Rs 95 per kilogram from Wednesday (December 1). The increase is less by one rupee as compared to the increase in the price from Rs 90 to Rs 94 per kilogram in November. H

Published 01 Dec, 2004 12:00am

Japan output, jobs data add to worries of slowdown

Japanese industrial production fell sharply in October and the jobless rate rose, reinforcing concern that a slowdown in global demand was taking a toll on the country's export-reliant economy. Industrial output fell 1.6 percent from the previous month, g

Published 01 Dec, 2004 12:00am

Export refinance rate raised by 0.5 percent

The State Bank of Pakistan has raised export refinance rate by 0.5 percent to 3.5 percent for December 2004. The SBP issued a circular on Tuesday with the new rate of return on export refinance, which was expected, as it is attached with the return on 6-m

Published 01 Dec, 2004 12:00am

Global economy to hit headwinds: OECD

China, Japan and North America will pull the global economy forward over the next two years despite headwinds thrown up by high oil prices and tenacious deficits, the OECD said Tuesday. The OECD forecast economic growth of 2.9 percent in 2005 for its 30 m

Published 01 Dec, 2004 12:00am

Export refinance rate raised by 0.5 percent

The State Bank of Pakistan has raised export refinance rate by 0.5 percent to 3.5 percent for December 2004. The SBP issued a circular on Tuesday with the new rate of return on export refinance, which was expected, as it is attached with the return on 6-m

Published 01 Dec, 2004 12:00am

UAE to boost gas output with $1.5 billion Bechtel deal

The United Arab Emirates is gearing up to boost natural gas output by awarding US Bechtel a $1.458 billion development contract, its state gas company said on Tuesday. Abu Dhabi Gas Industries Ltd (Gasco), a unit of the Abu Dhabi National Oil Co (Adnoc),

Published 01 Dec, 2004 12:00am

Profit-taking sets in on KSE

Profit-taking activity set in as the KSE-100 index showed small pruning on Tuesday after share prices of some of the blue chips heralded fresh gains under the lead of PSO, OGDC and Picic Growth Fund. The KSE-100 index showed a decline of 4.09 points, or 0

Published 01 Dec, 2004 12:00am

NASD fines Merrill, Wachovia and 27 other firms

The NASD on Tuesday said it censured and fined 29 securities firms more than $9.2 million for making more than 8,000 late disclosures of reportable information about their brokers, including customer complaints, regulatory actions, and criminal charges an

Published 01 Dec, 2004 12:00am

Profit-taking sets in on KSE

Profit-taking activity set in as the KSE-100 index showed small pruning on Tuesday after share prices of some of the blue chips heralded fresh gains under the lead of PSO, OGDC and Picic Growth Fund. The KSE-100 index showed a decline of 4.09 points, or 0

Published 01 Dec, 2004 12:00am

Japan and India woo South East Asian to counter China muscle

Japan and India courted south-east Asian leaders on Tuesday, a day after China signed a landmark deal with Asean to create an Asian free trade market of 1.8 billion people by 2015. But the Association of South East Asian Nations (Asean) made no headway wi

Published 01 Dec, 2004 12:00am

Task force to formulate policy for trade boost

The Task Force on Economic Policy (TEP) under Finance Division has been authorised to formulate a policy framework for improving economic relationship with China, USA, European Union, Japan, Saarc countries and Gulf states. According to the terms of refer

Published 01 Dec, 2004 12:00am

Kazakhs open new rail route

Kazakhstan launched on Tuesday a shorter railway route bound for its only Caspian Sea port of Aktau, which will make cheaper the Central Asian state's exports of oil, grain and metals. The $230 million, 404-km (250-mile) railway stretch runs from the nort

Published 01 Dec, 2004 12:00am

Task force to formulate policy for trade boost

The Task Force on Economic Policy (TEP) under Finance Division has been authorised to formulate a policy framework for improving economic relationship with China, USA, European Union, Japan, Saarc countries and Gulf states. According to the terms of refer

Published 01 Dec, 2004 12:00am

DoCoMo, mmO2 sign UK, Germany and Ireland i-mode deal

British-based cell phone group mmO2 Plc and Japanese operator NTT DoCoMo Inc signed a deal on Tuesday allowing mmO2 to launch an i-mode Internet service in Britain, Germany and Ireland. The pact is expected to help boost mm02's revenue and allow DoCoMo, J

Published 01 Dec, 2004 12:00am

300 killed in Philippines storm

Rescuers were desperately searching for survivors on Tuesday after floods and landslides unleashed by a tropical storm in the Philippines killed more than 300 people and left at least 150 missing, many buried alive under tonnes of debris. Continued bad we

Published 01 Dec, 2004 12:00am

Trichet warns on inflationary risks ahead

The eurozone faces a number of upward risks to inflation, European Central Bank President Jean-Claude Trichet said in hawkish testimony on Tuesday that signalled the ECB has a slight bias toward raising interest rates. But his remarks, two days before the

Published 01 Dec, 2004 12:00am

300 killed in Philippines storm

Rescuers were desperately searching for survivors on Tuesday after floods and landslides unleashed by a tropical storm in the Philippines killed more than 300 people and left at least 150 missing, many buried alive under tonnes of debris. Continued bad we

Published 01 Dec, 2004 12:00am

Opec needs to consider second quarter demand fall: Purnomo

Opec needs to consider steps to meet a seasonal downturn in oil demand in the second quarter of next year even though crude prices remain stubbornly close to $50 a barrel, the head of the oil producers' cartel said on Tuesday. "We are worried that in the

Published 01 Dec, 2004 12:00am

'SCBA to strengthen judiciary'

The newly-elected President of the Supreme Court Bar Association (SCBA) Qazi Muhammad Jamil has said that the new executive body of the SCBA will have cordial and cooperative relationship with the superior judiciary to strengthen it against pressures from

Published 01 Dec, 2004 12:00am

Consumers fuel faster US economic growth

Robust consumer spending on cars, furniture and food in the third quarter helped the US economy advance more quickly than first thought, a government report showed on Tuesday, while underlying inflation was the tamest in decades. The Commerce Department s

Published 01 Dec, 2004 12:00am

Malaysian Air to raise frequency for Karachi

The Malaysian Airlines plans to increase the frequency of its services to Karachi from Kuala Lumpur to three per week from next year as compared to two services per week at present. This was stated by new manager of the airlines for Pakistan, Abdul Hamid

Published 01 Dec, 2004 12:00am

Anti-proliferation meeting starts: Australia accused of double standards

Australia may have "innocently" exported nuclear technology to parties with weapons of mass destruction programmes, Defence Minister Robert Hill said Tuesday on the sidelines of an anti-proliferation forum. As environmental lobby Greenpeace accused Austra

Published 01 Dec, 2004 12:00am

1,000MW power import from Tajikistan under study: minister

The government is considering to import 1,000MW power from Tajikistan to meet future energy requirements in the country and Nespak has been directed to carry out feasibility study in this regard, a press release issued here on Tuesday said. Federal Water

Published 01 Dec, 2004 12:00am

Japan's crown prince under unprecedented public criticism

In an unprecedented public feud within Japan's royal family, the crown prince has come under fire from his brother for making public criticism of the imperial household's treatment of the crown princess. Crown Prince Naruhito told an unusually open news c

Published 01 Dec, 2004 12:00am

Financing of New Bong Escape hydropower project discussed

A combined mission of senior officials from the Asian Development Bank (ADB) and the Islamic Development Bank (IDB) met with top officials of PPIB Islamabad and NTDC/Wapda Lahore to discuss the financing of the New Bong Escape hydropower project. The two

Published 01 Dec, 2004 12:00am

Candid princess Diana video airs on US television

A videotape of the late princess Diana talking frankly about her sex life with Prince Charles and suggesting that a lover on her royal staff was "bumped off" was broadcast on US television late Monday. The NBC network aired the tapes recorded between 1992

Published 01 Dec, 2004 12:00am

Senate panel asked for proposals to promote inter-provincial harmony

The sub-committee of the parliamentary panel on Balochistan on Tuesday was assigned the task of making recommendations to promote inter-provincial harmony and to protect the rights of the provinces with a view to strengthen the federation. The committee m

Published 01 Dec, 2004 12:00am

Annan 'disappointed' on payments to his son

UN Secretary General Kofi Annan on Monday said he was disappointed in new revelations about payments to his son from a firm that had a contract under the UN's oil-for-food programme in Iraq. The announcement came hours after a columnist in a leading US ne

Published 01 Dec, 2004 12:00am

Bill allowing Musharraf to retain army post signed

Acting President Mohammedmian Soomro on Tuesday signed the bill that allows President Pervez Musharraf to also retain the office of the Chief of Army Staff (COAS). The bill would come into force on December 31. Information and Broadcasting Minister Sheikh

Published 01 Dec, 2004 12:00am

Fresh curfew in Sri Lanka town as toll mounts

Sri Lankan authorities reimposed a curfew in this north-eastern port town Tuesday after a second man was reported killed following clashes between government supporters and rebels, police said. The body of a van driver who was attacked Monday allegedly by

Published 01 Dec, 2004 12:00am

Bill allowing Musharraf to retain army post signed

Acting President Mohammedmian Soomro on Tuesday signed the bill that allows President Pervez Musharraf to also retain the office of the Chief of Army Staff (COAS). The bill would come into force on December 31. Information and Broadcasting Minister Sheikh

Published 01 Dec, 2004 12:00am

Iraq war is public health disaster: report

War in Iraq has caused a public health disaster that has left the country's medical system in tatters and increased the risk of disease and death, according to a report released on Tuesday. Medact, a British-based charity that examines the impact of war o

Published 01 Dec, 2004 12:00am

President offers all help to Sao Paulo entrepreneurs

President General Pervez Musharraf on Tuesday promised all-out facilitation to Brazilian entrepreneurs for business ventures in Pakistan, stressing that the country offers a safe and legally protected environment on the back of a fast growing economy. Add

Published 01 Dec, 2004 12:00am

Legal team seeks charges against Rumsfeld

An international legal team filed a criminal complaint in Germany Tuesday against US Defence Secretary Donald Rumsfeld and other top US officials over the Abu Ghraib prisoner abuse scandal in Iraq. The New York-based Center for Constitutional Rights (CCR)

Published 01 Dec, 2004 12:00am

President offers all help to Sao Paulo entrepreneurs

President General Pervez Musharraf on Tuesday promised all-out facilitation to Brazilian entrepreneurs for business ventures in Pakistan, stressing that the country offers a safe and legally protected environment on the back of a fast growing economy. Add

Published 01 Dec, 2004 12:00am

Katich gets call-up for one-day team

Axed Test batsman Simon Katich was Tuesday selected in a 14-man Australian squad for the Chappell-Hadlee one-day series against New Zealand starting in Melbourne on Sunday. Selectors preferred Katich to all-rounder Ian Harvey in the only change from the s

Published 01 Dec, 2004 12:00am

Sohail does not believe in one-man show

World's ace penalty corner shooter, Sohail Abbas on Tuesday said he does not believe in one-man show and one player cannot lead the side to a title in a major tournament. "It is always the collective team efforts and the individual hard work of players wh

Published 01 Dec, 2004 12:00am

Australia ready for Akhtar's antics, says Ponting

Skipper Ricky Ponting said Tuesday Australia were ready for the "antics" of Pakistan's express bowler Shoaib Akhtar in next month's home three-Test series. Ponting turned his sights on the Pakistani tourists after Australia mopped up an emphatic 213-run A

Published 01 Dec, 2004 12:00am

England have players to give the Aussies a run, says Fleming

New Zealand skipper Stephen Fleming says England will have to play extremely well to beat Australia in next year's Ashes series, but they have the players to do it. Fleming was speaking as the Kiwis were demoralised for a second time in as many weeks by A

Published 01 Dec, 2004 12:00am

India overtake South African total

India were 359-6 at close of the third day's play in the second and final Test against South Africa at the Eden Gardens here on Tuesday. At tea on the third day, India reached 293-5 in reply to the visiting side's 305 with Venkatsai Laxman (24) and Dinesh

Published 01 Dec, 2004 12:00am

Aussies sweep series with 213-run victory over Kiwis

Australia crushed New Zealand by 213 runs on the final day of the second cricket Test to clinch a series clean sweep at Adelaide Oval on Tuesday. The Australians claimed victory six balls after lunch when No 11 Chris Martin was caught close to the wicket

Published 01 Dec, 2004 12:00am

Captain Waseem optimistic to end victory drought

Pakistan Hockey Captain Muhammad Waseem on Tuesday said winning the gold of the Champions Trophy hockey tournament will give fresh impetus to hockey in Pakistan where cricket has overshadowed almost all the sports. "Once hockey was our prime game and with

Published 01 Dec, 2004 12:00am

Venezuela steel output up 19 percent

Venezuela's steel production rose 19 percent during January to October compared with a year ago and could reach a new national record of 4.5 million tonnes this year, boosted by booming domestic demand, an industry spokesman said Monday. National Steel In

Published 01 Dec, 2004 12:00am

Grain exports from Rouen port

Grain exports from the French port of Rouen totalled 393,998 tonnes from November 1 to 24, comprising 353,053 tonnes of wheat, 39,315 tonnes of barley and 1,630 tonnes of maize, port officials said on Tuesday. That compared with exports of 510,000 tonnes

Published 01 Dec, 2004 12:00am

Singapore bunker fuel prices down

Singapore bunker prices fell on Tuesday, tracking lower 380-cst fuel oil cargo values. Suppliers pegged 380-cst bunker fuel oil levels at $185-$187 a tonne, down $4 from last Friday. Prices for the 180-cst grades were also lower at $196-$198. "Despite the

Published 01 Dec, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 19	278.36
USD PKR Interbank Buying / Dec 19	278.16
USD to Japanese Yen / Dec 19	155.92
USD to Swiss Franc / Dec 19	0.90
Pound Sterling to USD / Dec 19	1.26
Euro to USD / Dec 19	1.04

Stock	Volume
S&P 500 / Dec 18	5,872.16
Nasdaq / Dec 18	19,392.69
Dow Jones / Dec 18	43,326.87
India Sensex / Dec 19	79,339.96
Tokyo Nikkei / Dec 19	38,813.58
Hang Seng / Dec 19	19,801.52
FTSE 100 / Dec 19	8,101.87
Germany DAX 30 / Dec 19	20,040.57

Item	Value
Petrol/Litre / Dec 19	252.10
Crude Oil USD/Barrel / Dec 19	70.19
Karachi Cotton PKR/37.32 KG / Dec 19	17,585
Gold 10 Grams PKR / Dec 19	234,311
Gold Spot USD/Ounce / Dec 19	2,613.73
Diesel/Litre / Dec 19	255.38

Stock	Price
S.G.Power / Dec 19 S.G. Power Limited(SGPL)	10.17 ▲ 1.00 (10.91%)
Faran Sugar (R) / Dec 19 Faran Sugar Mills Limited (R)(FRSMR)	10.43 ▲ 1.00 (10.60%)
Din Tex. / Dec 19 Din Textile Mills Limited(DINT)	53.70 ▲ 4.88 (10.00%)
Liven Pharma / Dec 19 Liven Pharma Limited(LIVEN)	77.33 ▲ 7.03 (10.00%)
Macter Int. Ltd / Dec 19 Macter International Limited(MACTER)	364.54 ▲ 33.14 (10.00%)
Oilboy Energy / Dec 19 Oilboy Energy Limited(OBOY)	12.65 ▲ 1.15 (10.00%)
Pak Datacom / Dec 19 Pak Datacom Limited(PAKD)	114.33 ▲ 10.39 (10.00%)
Thatta Cement / Dec 19 Thatta Cement Company Limited(THCCL)	185.52 ▲ 16.87 (10.00%)
Wah-Noble / Dec 19 Wah Noble Chemicals Limited(WAHN)	249.98 ▲ 22.73 (10.00%)

Stock	Price
WorldCall Telecom / Dec 19 Worldcall Telecom Limited(WTL)	1.48 ▼ -0.23 (-13.45%)
Kohinoor Spining / Dec 19 Kohinoor Spinning Mills Limited(KOSM)	6.35 ▼ -0.92 (-12.65%)
Media Times Ltd / Dec 19 Media Times Limited(MDTL)	2 ▼ -0.25 (-11.11%)
Cnergyico PK / Dec 19 Cnergyico PK Limited(CNERGY)	5.83 ▼ -0.71 (-10.86%)
Dadabhoy Cement / Dec 19 Dadabhoy Cement Industries Limited(DBCI)	6.80 ▼ -0.82 (-10.76%)
Dewan Cement / Dec 19 Dewan Cement Limited(DCL)	8.60 ▼ -0.98 (-10.23%)
Pak Int.Bulk / Dec 19 Pakistan International Bulk Terminal(PIBTL)	8.01 ▼ -0.90 (-10.10%)
United Brands / Dec 19 United Brands Limited(UBDL)	23.27 ▼ -2.59 (-10.02%)
Yousuf Weaving / Dec 19 Yousaf Weaving Mills Limited(YOUW)	3.86 ▼ -0.43 (-10.02%)

Stock	Volume
WorldCall Telecom / Dec 19 Worldcall Telecom Limited(WTL)	177,617,915 ▼ -0.23
K-Electric Ltd. / Dec 19 K-Electric Limited(KEL)	81,845,922 ▼ -0.41
Cnergyico PK / Dec 19 Cnergyico PK Limited(CNERGY)	68,132,550 ▼ -0.71
B.O.Punjab / Dec 19 The Bank of Punjab(BOP)	60,162,802 ▼ -0.96
Pak Elektron / Dec 19 Pak Elektron Limited(PAEL)	57,891,574 ▼ -1.73
Pak Refinery / Dec 19 Pakistan Refinery Limited(PRL)	54,507,413 ▼ -1.38
Sui South Gas / Dec 19 Sui Southern Gas Company Limited(SSGC)	41,964,816 ▲ 1.76
Aisha Steel Mill / Dec 19 Aisha Steel Mills Limited(ASL)	36,868,206 ▼ -0.86
Symmetry Group / Dec 19 Symmetry Group Limited(SYM)	34,696,696 ▲ 1.11

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