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Jan 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-12-29
Philippines shares climb

Philippines shares climb

Philippine share prices closed 1.02 percent higher on Tuesday as investors took positions in stocks that are expected to do better next year, dealers said. They said local investors shrugged off the impact of Sunday's devastating earthquake and tidal wave
Published 29 Dec, 2004 12:00am
Malaysian shares flat

Malaysian shares flat

Malaysian share prices closed flat in lacklustre trade on Tuesday, with most investors sidelined as the market continued to digest news about Sunday's earthquake and resulting tsunamis which devastated coastal areas around the region, dealers said. For th
Published 29 Dec, 2004 12:00am
Singapore shares close higher

Singapore shares close higher

Singapore share prices closed 0.35 percent higher Tuesday as blue chips United Overseas Bank (UOB) and ST Engineering posted modest rebounds following recent declines, dealers said. The Straits Times Index closed up 7.13 points at 2.058.12, while the broa
Published 29 Dec, 2004 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks strengthened Tuesday on sharply stronger consumer confidence data and gains in Internet stocks following a brokerage's upgrade of Web retailer Amazon.com Inc. The Standard & Poor's 500 index also got a boost from Pfizer Inc, which rose 1.7 perce
Published 29 Dec, 2004 12:00am
Dollar stumbles to new record low versus euro

Dollar stumbles to new record low versus euro

The dollar hit a record low against the euro for a fourth straight trading day on Tuesday as confidence grew that central banks would not stand in the way of the greenback's decline. Mixed economic data from Japan and news of a sharp fall in Italian busin
Published 29 Dec, 2004 12:00am
New York cotton closes firm on short-covering

New York cotton closes firm on short-covering

Cotton futures closed firmer on Tuesday on end-of-the-year speculative short-covering and trade buying, and follow-through purchases may push the market higher before the week and year is out, analysts said. The New York Board of Trade's March cotton cont
Published 29 Dec, 2004 12:00am
Vietnam coffee trade slows

Vietnam coffee trade slows

Coffee trade in Vietnam, the world's top robusta exporter, slowed as farmers curbed sales of fresh beans from the peak of a harvest on hopes of a price rise amid forecast of a global shortfall, traders said on Tuesday. Last week, German analyst F.O. Licht
Published 29 Dec, 2004 12:00am
Ivory Coast produces record cocoa crop in 2003-04

Ivory Coast produces record cocoa crop in 2003-04

Ivory Coast produced a record cocoa harvest of more than 1.5 million tonnes in 2003/04 if an estimated 150,000 tonnes of cocoa smuggled abroad is taken into account, sources at the BCC marketing body said on Tuesday. The Coffee and Cocoa Bourse (BCC) did
Published 29 Dec, 2004 12:00am
Oil rises after 6 percent drop on expected US warmth

Oil rises after 6 percent drop on expected US warmth

Oil prices rose on Tuesday following Monday's fall of nearly $3 in the face of rising US stockpiles and expected warmer winter weather. US crude futures rose 88 cents in morning trade to $42.20 a barrel, after Monday's more than 6 percent slump. London's
Published 29 Dec, 2004 12:00am
US MIDDAY: cocoa falls on speculative selling

US MIDDAY: cocoa falls on speculative selling

New York cocoa futures finished with modest losses on Tuesday as light speculative selling pressured prices in lethargic trade while the London exchange was still closed on holiday, floor sources said. The New York Board of Trade's front-month March cocoa
Published 29 Dec, 2004 12:00am
US MIDDAY: sugar at ten-week high

US MIDDAY: sugar at ten-week high

Raw sugar futures settled Tuesday at a 10-week high on speculative fund buying as bullish fundamentals of a supply deficit buoyed values, with the market seen staying strong into 2005, brokers said. The New York Board of Trade's March raw sugar contract c
Published 29 Dec, 2004 12:00am
US MIDDAY: corn plunges on slow exports

US MIDDAY: corn plunges on slow exports

Corn futures at the Chicago Board of Trade were lower early on Tuesday amid slow exports of US corn and plentiful corn stocks, traders said. Traders said the corn market remains range bound, with the record large 2004 US corn crop continuing to quickly pu
Published 29 Dec, 2004 12:00am
US MIDDAY: wheat lower on quiet exports

US MIDDAY: wheat lower on quiet exports

Wheat futures at the Chicago Board of Trade were lower early on Tuesday amid quiet exports, better US winter wheat crop weather and follow-through technical selling from Monday's lower close, traders said. At 10:06 am CST (1606 GMT), CBOT wheat was down 1
Published 29 Dec, 2004 12:00am
US MIDDAY: soya drops on profit-taking setback

US MIDDAY: soya drops on profit-taking setback

Chicago Board of Trade soyabean futures were lower early on Tuesday on a profit-taking setback from the late rally on Monday, traders said. The production this year of a likely record large US soya crop and outlooks for a big crop in 2005 for South Americ
Published 29 Dec, 2004 12:00am
US MIDDAY: copper firms in trade

US MIDDAY: copper firms in trade

New York copper futures climbed to just below last week's contract highs on Tuesday morning in trade thinned by year-end vacations and a London Metal Exchange holiday. Tightness in the physical market and the dollar's slide to a fresh low against the euro
Published 29 Dec, 2004 12:00am
US MIDDAY: gold futures slip in trade

US MIDDAY: gold futures slip in trade

Gold futures slipped early Tuesday and other precious metals were mixed in trade thinned by year-end vacations and a UK bullion market holiday, dealers said. A fresh all-time low in the dollar versus the euro supported gold in its recent $440 to $450 an o
Published 29 Dec, 2004 12:00am
Honour for PIA

Honour for PIA

Pakistan Boy Scouts Association's three members delegation headed by. Ghazanfar Mashkoor, International Commissioner, Pakistan Boy Scouts Association and Provincial Commissioner, PIA Boy Scouts Association participated in 21st Asia Pacific Region Scout (C
Published 29 Dec, 2004 12:00am
Cabinet Division searching for ECC meeting venue

Cabinet Division searching for ECC meeting venue

The Cabinet Division is searching for a venue where the Economic Co-ordination Committee (ECC) of the Cabinet can meet on Thursday at 3:00 pm to discuss economic situation of the country and approve proposals submitted by different ministries. On Tuesday,
Published 29 Dec, 2004 12:00am
Senate panel for proper working by highway checkposts

Senate panel for proper working by highway checkposts

Senate Standing Committee on Communications has recommended that proper procedure should be adopted and checking by various agencies should be carried out at the entry points, border areas only. The committee which met here with Senator Kamil Ali Agha in
Published 29 Dec, 2004 12:00am
Qayyum for improving educational, judicial systems

Qayyum for improving educational, judicial systems

Chairman Pakistan Steel Lieutenant General Abdul Qayyum (Retd) on Tuesday said Pakistan could easily be transformed into an economically sound, developed and modern state "by improving its educational and judicial systems". "Our youths have tremendous pot
Published 29 Dec, 2004 12:00am
New Jubilee Insurance rating maintained

New Jubilee Insurance rating maintained

The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) Rating of New Jubilee Insurance Company Limited (NJI) at "AA" (Double A). The rating denotes a very strong capacity to meet policyholder and contract obligations
Published 29 Dec, 2004 12:00am
Irsa preserving water before canals closure

Irsa preserving water before canals closure

Indus River System Authority (Irsa) has started preservation of water outflow keeping in view the start of canal-closure season, starting from January, and according to official sources, the decision was taken in order to control water wastage in the cana
Published 29 Dec, 2004 12:00am
Australia's win

Australia's win

Australia's victory against Pakistan with a big margin of 491 runs on the fourth day of first Test at Perth has proved that defeating world champions, particularly on their soil, is a difficult task. J Langer and A Gilchrist contributed an important role
Published 29 Dec, 2004 12:00am
Importance of cleanliness

Importance of cleanliness

As far as "Safai" or "Cleanness" is concerned it literally means "habitually neat." Does it reflect in our practical life in its real sense? Do we really care about this Islamic ideology?
Published 29 Dec, 2004 12:00am
Dubai booms, Asian workers sweat

Dubai booms, Asian workers sweat

Victor, a labourer, earns 500 dirhams (136 dollars) a month in the booming Gulf emirate of Dubai. After paying 80,000 rupees (1,748 dollars) to an agent in India to find him the job, he says he is unhappy and wants to go home. Like millions of expatriate
Published 29 Dec, 2004 12:00am
Palestinian women flushed with success in historic vote

Palestinian women flushed with success in historic vote

Flushed with success, Samira Abu Sharkh is one of around 50 local women councillors elected for the first time in a historic vote that punched through a taboo in conservative Palestinian society. "I haven't slept for two days. I'm happy but we need to thi
Published 29 Dec, 2004 12:00am
A commendable decision

A commendable decision

In a much welcome move, the federal government has told the provinces to take strict measures to ensure that liquefied petroleum gas (LPG) is not used in commercial vehicles in any part of the country. The directive has been issued in response to the petr
Published 29 Dec, 2004 12:00am
The tsunami disaster

The tsunami disaster

Countless, though, have been man's sufferings from ravages of seas down the ages, the worst is, perhaps, the massive destruction of lives and properties from the tsunamis, a horrific example of which has been seen in its devastating onslaught over South E
Published 29 Dec, 2004 12:00am
Lahore High Court and Accountability Courts to reopen on January 3

Lahore High Court and Accountability Courts to reopen on January 3

The Lahore High Court (LHC) Rawalpindi Bench and the local Accountability Courts (ACs) would re-open after the winter vacations on Monday next, the January 3, 2005, official sources said here on Tuesday. A Judge of the High Court would be on duty to deal
Published 29 Dec, 2004 12:00am
'International conditions demand Musharraf should remain in uniform'

'International conditions demand Musharraf should remain in uniform'

Pakistan Muslim League, USA, on Monday said "the international conditions and the best national interest" demand that President General Pervez Musharraf should remain in uniform. The PML leaders referred to Pakistan's committed role towards the ongoing wa
Published 29 Dec, 2004 12:00am
Workers asked to perform their duties with sincerity

Workers asked to perform their duties with sincerity

The NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has asked the workers to perform their responsibilities with sincerity, devotion and honesty which, he added was extremely necessary for the progress of their respective institutions a
Published 29 Dec, 2004 12:00am
Karachi to be made 'cyber city' in four years: minister

Karachi to be made 'cyber city' in four years: minister

The present government has decided in principle to convert Karachi into a 'cyber city' within next four to five years, Sindh Minster for Information Technology Syed Mustafa Kamal said on Tuesday. He was addressing as the chief guest to the ceremony for si
Published 29 Dec, 2004 12:00am
Transporters reiterate January 5 strike threat

Transporters reiterate January 5 strike threat

Karachi Transport Ittehad (KTI) on Tuesday reiterated its threat that no transport vehicle would be brought on road in Karachi and in the entire Sindh on January 5, 2005 if Oil Companies Advisory Committee did not withdraw the recently raise in diesel and
Published 29 Dec, 2004 12:00am
Doctor brothers' transfer plea fixed for January 13

Doctor brothers' transfer plea fixed for January 13

Justice Wahid Bux Brohi of Sindh High Court (SHC) on Tuesday ordered fixing of a criminal transfer application moved by Dr Akmal Waheed and Dr Arshad Waheed before the SHC chief justice on January 13, 2005. Both doctor brothers alleged to be supporters of
Published 29 Dec, 2004 12:00am
Date for enrolment in electoral rolls extended

Date for enrolment in electoral rolls extended

The Election Commission of Pakistan has extended the last date for enrolment in the electoral rolls for Local Government Elections to January 13, 2005. Chief Election Commissioner former Chief Justice Irshad Hasan Khan announced on Tuesday. Earlier, last
Published 29 Dec, 2004 12:00am
PMDC to increase salt export to US and EU markets

PMDC to increase salt export to US and EU markets

Pakistan Mineral Development Corporation (PMDC) is planning to increase export of salt to the United States and European markets. "India is the main importer of our salt but we are also planning to increase our salt export to the European and US markets,"
Published 29 Dec, 2004 12:00am
India's rigid stand on occupied Kashmir exposed to world: Sultan

India's rigid stand on occupied Kashmir exposed to world: Sultan

Pakistan is showing flexibility for resolution of Indian occupied Kashmir issue while rigid stance of Indian leadership has been exposed to world community. This was stated by leader of opposition in the AJK Legislative Assembly, Barrister Sultan Mahmood
Published 29 Dec, 2004 12:00am
Joint Pak-India peace mission meets PPPP leader

Joint Pak-India peace mission meets PPPP leader

A joint India Pakistan Peace and Goodwill Mission which is on a visit here from the United States met with the leader of the opposition in Sindh Assembly, Nisar Ahmed Khuhro, in his chamber on Tuesday. PPPP leader Senator Raza Rabbani, and other leader of
Published 29 Dec, 2004 12:00am
Special people to be provided all facilities: Rashid

Special people to be provided all facilities: Rashid

Federal Minister for Information and Broadcasting Shaikh Rashid Ahmed on Tuesday said the government would provide all facilities to special people as in other countries. He was speaking as chief guest at the National Symposium 2004 organised by the month
Published 29 Dec, 2004 12:00am
Supreme Court dismiss civil leave to appeal

Supreme Court dismiss civil leave to appeal

A bench of the Supreme Court of Pakistan comprising chief Justice Nazim Hussain Siddiqui, Justice Mohammad Javed Iqbal and Justice Abdul Hameed Dogar on Tuesday dismissed a civil leave to appeal filed by Mst Mushtar Jahan, a former Security Officer of Air
Published 29 Dec, 2004 12:00am
Notices issued to two Pakistan Steel dealers

Notices issued to two Pakistan Steel dealers

Pakistan Steel (PS) Chairman Lieutenant General Abdul Qayyum (Retd) on Tuesday said the PS issued notices to two local dealers for black-marketing and artificially increasing steel prices in the country. "Although prices of steel are increasing globally,
Published 29 Dec, 2004 12:00am
FDPT handling imports and exports worth over Rs 70 billion annually

FDPT handling imports and exports worth over Rs 70 billion annually

Faisalabad Dry Port Trust (FDPT) has emerged as one of the biggest up-country ports in the private sector, handling imports and exports worth Rs 70-75 billion per annum. Briefing a delegation of MBA and BBA students from the University of Faisalabad (UOF)
Published 29 Dec, 2004 12:00am
80 percent Madaris registered: minister

80 percent Madaris registered: minister

Federal Minister for Religious Affairs Ejaz-ul-Haq on Tuesday said the government has registered about 80 percent Madaris (religious schools) across the country. Speaking in a PTV programme, he said presently Madaris were providing free of cost education,
Published 29 Dec, 2004 12:00am
Health budget: government committed to ensure equitable distribution

Health budget: government committed to ensure equitable distribution

Federal Health Minister Mohammad Nasir Khan has reiterated the government commitment to ensure equitable distribution of national health budget among all citizens of the country. Addressing the 42nd Annual Symposium of Jinnah Post Graduate Medical Center
Published 29 Dec, 2004 12:00am
Fruits and vegetables export centre to be set up at Lahore

Fruits and vegetables export centre to be set up at Lahore

Pakistan Horticulture Development and Export Board (PHDEB) will establish an export center for the fruit and vegetable exporters of Lahore to expedite their business and sort out their problems. A meeting of leading fruit and vegetable exporters of Lahore
Published 29 Dec, 2004 12:00am
Plan to ban two stroke engine vehicles

Plan to ban two stroke engine vehicles

Minister for Environment Major Tahir Iqbal (Retd) on Tuesday said the government was planning to ban two stroke engine vehicles from across the country till 2006. "Plan is afoot to weed out two stroke engine vehicles in different phases to avoid environme
Published 29 Dec, 2004 12:00am
New trade zone at Pak-Sino border

New trade zone at Pak-Sino border

China's Xinjiang Uygur Autonomous region, bordering Pakistan, will open a new trade zone to develop its business links with the Central Asian States. It would be the second largest of its kind in north-western regions due to open to Kazakhstan next spring
Published 29 Dec, 2004 12:00am
Body formed to work on issue of bills collection diversification

Body formed to work on issue of bills collection diversification

Advisor to Prime Minister on Finance and Revenue, Dr Salman Shah on Tuesday constituted a committee to work on the issue of diversification of utility bills collection. The committee has been asked to submit the joint decision of all stakeholders on the i
Published 29 Dec, 2004 12:00am
NBP employees demand 55 percent raise in basic pay

NBP employees demand 55 percent raise in basic pay

The executives and officers of National Bank of Pakistan have demanded restructuring of their pay scales and proposed 55 percent increase in basic pays due to continuous increase in commodities price index, which reached 48.59 percent during 2003-2004. Th
Published 29 Dec, 2004 12:00am
Lunda Bazaar attracting hordes of shoppers

Lunda Bazaar attracting hordes of shoppers

Lunda Bazaar selling second-hand woollies is attracting hordes of shoppers as the cold wave intensifies here with each passing day. Meant originally to serve the clothing needs of low-income, the Lunda Bazaar is catering warm and woollen clothes with skyr
Published 29 Dec, 2004 12:00am
Accused gets death sentence for killing cops, prisoners

Accused gets death sentence for killing cops, prisoners

Anti Terrorism Court Bahawalpur headed by Syed Afzaal Sharif has awarded death sentence nine count to one of the killers, Muhammad Amin son of Allah Ditta who had gunned down two constables and seven under trial prisoners near Bahawalpur last year. He was
Published 29 Dec, 2004 12:00am
Countless projects completed in Faisalabad district: Nazim

Countless projects completed in Faisalabad district: Nazim

District Nazim, Chaudhry Zahid Nazir has said that during the last three years numberless developmental projects had been completed in district Faisalabad which had no example of its kind in the past and this process of development would continue even in
Published 29 Dec, 2004 12:00am
The Weather

The Weather

The weather report on Tuesday (December 28) and the forecast for Wednesday (December 29, 2004).
Published 29 Dec, 2004 12:00am
Lifting of ban on trade unions demanded

Lifting of ban on trade unions demanded

Government has adopted the Industrial Relations Ordinance (IRO-2002) under the dictates of the World Bank and International Monetary Fund (IMF) in order to fulfil their agenda to damage the local industry. These were the unanimous views of the participant
Published 29 Dec, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
Technical and vocational education declared compulsory

Technical and vocational education declared compulsory

The government has declared technical and vocational education compulsory to fight illiteracy and poverty on war footing by establishing more technical institutions and vocational centers. Federal Minister for Education Lieutenant General Javed Ashraf Qaz
Published 29 Dec, 2004 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 29 Dec, 2004 12:00am
Askari Bank opens 12th branch in Lahore

Askari Bank opens 12th branch in Lahore

Askari Commercial Bank Limited (ACBL) has opened its new branch here on Tuesday, increasing its total number of branches to 12 in Lahore only and 75 in the country. Askari Bank's Area Manager Lahore Shaukat Ali inaugurated the Shahalam Market Branch, whil
Published 29 Dec, 2004 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 29 Dec, 2004 12:00am
Gang busted

Gang busted

Organised Crime wing of CIA have apprehended three members of the Munshi dacoit gang involved in various incidents of dacoity and robbery and recovered booty worth Rs 40,000 and illegal weapons form their possession. During preliminary investigation, the
Published 29 Dec, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
Business coalition formed to fight AIDS

Business coalition formed to fight AIDS

A Business Coalition on HIV/AIDS of the private sector has been formed at a meeting organised by UNAIDS with the private sector. British High Commissioner Hamish Daniel chaired the meeting. Dr Aldo Landi informed the participants of the UN agenda on HIV/A
Published 29 Dec, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (December 28) and for Wednesday (December 29, 2004).
Published 29 Dec, 2004 12:00am
Tareen and Pervaiz discuss industrial projects

Tareen and Pervaiz discuss industrial projects

Federal Minister for Industries and Production Jehangir Khan Tareen called on Punjab Chief Minister Chaudhry Pervaiz Elahi at his residence here on Tuesday. During the meeting, industrial sector development and pace of developmental projects launched in S
Published 29 Dec, 2004 12:00am
Case re-investigation: LHC declares IGP circular as illegal

Case re-investigation: LHC declares IGP circular as illegal

Justice Syed Shabbar Raza Rizvi of the Lahore High Court (LHC), while declaring the circular issued by Inspector General of Punjab Police regarding re-investigation as illegal and issued without authority, has directed Sessions Judge Khushab to proceed wi
Published 29 Dec, 2004 12:00am
Key stock market movements at 1800 GMT on December 28

Key stock market movements at 1800 GMT on December 28

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 29 Dec, 2004 12:00am
RVFC and UVAS sign MoU for livestock sector uplift

RVFC and UVAS sign MoU for livestock sector uplift

Pakistan Army's Remount, Veterinary and Farms Corps (RVFC), and the University of Animal Sciences (UVAS), Lahore, have signed a memorandum of understanding (MoU) for the uplift of the livestock sector. The Director General, RVFC, General Headquarters, Raw
Published 29 Dec, 2004 12:00am
FAP demands new fertiliser policy

FAP demands new fertiliser policy

Farmer Associates Pakistan (FAP) has demanded of the government to announce new fertiliser policy. Muhammad Idrees, a spokesman of FAP said here on Tuesday, after 99th general body meeting of FAP, that new fertiliser plants are necessary to meet the incre
Published 29 Dec, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
Campaign to be launched to tackle terrorism: Sherpao

Campaign to be launched to tackle terrorism: Sherpao

Interior Minister Aftab Ahmad Khan Sherpao, chairing the concluding session of two-day 10th Inter-provincial Co-ordination Meeting on Law and Order here on Tuesday, has said despite overall improvement in law and order situation concerted efforts were nee
Published 29 Dec, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
Drug supply reduction target remains unachieved

Drug supply reduction target remains unachieved

Due to non-release of requisite funds out of Rs 2.8 billion allocated for Master Plan of Control of Drug Abuse (1998-2003) Programme, the targets set for drug supply and demand reductions could not be achieved in the country. The government has been able
Published 29 Dec, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
LHC issues notice to SHO

LHC issues notice to SHO

The Lahore High Court (LHC) has issued notice for January 04, 2005 to SHO Baseerpur and directed him to produce abducted boy Ahmed Ali before the court. The court passed these orders in a petition filed by the father of kidnapped boy. The court also direc
Published 29 Dec, 2004 12:00am
Moulvi Sharif calls on NWFP governor

Moulvi Sharif calls on NWFP governor

Moulvi Sharif of Ahmad Zai Wazir tribe of South Waziristan Agency who was one of the most wanted persons during Wana operation called on the NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) here at Governor's House on Tuesday morning. Th
Published 29 Dec, 2004 12:00am
Fata education website launched

Fata education website launched

The NWFP Governor, Lieutenant General Syed Iftikhar Hussain Shah (Retd), formally launched the Fata education website at a simple ceremony held at the Governor's House here on Monday. Earlier, the Governor was briefed by his Secretary Sahibzada Saeed Ahma
Published 29 Dec, 2004 12:00am
THE RUPEE: importers demand pushes rupee-dollar parity down

THE RUPEE: importers demand pushes rupee-dollar parity down

The rupee on Tuesday came under pressure versus the dollar on increased demand from importers, pushing the rates down for buying and selling at 59.40 and 59.42, respectively. The rupee tumbled with slight fall on oil payments, particularly car-makers, and
Published 29 Dec, 2004 12:00am
31 information technology projects launched in Punjab

31 information technology projects launched in Punjab

Punjab Chief Minister Chaudhry Pervaiz Elahi has said concerted strategy had been evolved to take maximum benefit of Information Technology for the purpose of improving administrative skills of the public sector, over-hauling the educational system and in
Published 29 Dec, 2004 12:00am
THE RUPEE: importers demand pushes rupee-dollar parity down

THE RUPEE: importers demand pushes rupee-dollar parity down

The rupee on Tuesday came under pressure versus the dollar on increased demand from importers, pushing the rates down for buying and selling at 59.40 and 59.42, respectively. The rupee tumbled with slight fall on oil payments, particularly car-makers, and
Published 29 Dec, 2004 12:00am
RCCI demands end of tension in FPCCI

RCCI demands end of tension in FPCCI

The tug of war in the Federation of Pakistan Chamber of Commerce and Industries (FPCCI) would have serious impacts on the Pakistan's economy both domestically as well as internationally. These were the unanimous views of senior executives and the former p
Published 29 Dec, 2004 12:00am
Rs 9 billion being spent on Fata uplift: NWFP governor

Rs 9 billion being spent on Fata uplift: NWFP governor

The NWFP Governor, Lieutenant General Syed Iftikhar Hussain Shah (Retd), has said that nine billion rupees are being spent on the development of the Federally-Administered Tribal Areas (Fata) during the current year Besides improving the health facilities
Published 29 Dec, 2004 12:00am
Pathological laboratories registration planned

Pathological laboratories registration planned

The government has decided to register all pathological laboratories in different areas of the country to improve healthcare facilities. Initially, the pathology laboratories will be offered voluntarily accreditation while registration will be made mandat
Published 29 Dec, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
USC cuts prices of 250 items

USC cuts prices of 250 items

Managing Director, Utility Stores Corporation (USC) Brigadier Hafeez Ahmed (Retd) on Tuesday announced to reduce USC prices from 3 percent to 15 percent for more than 250 consumer items from the new calendar year as a special Eid-ul-Azha package. Addressi
Published 29 Dec, 2004 12:00am
30 percent national resources lost due to bad governance

30 percent national resources lost due to bad governance

Almost 30 percent of national resources are lost and wasted due to the bad governance and corruption, causing Rs 50 million to Rs 100 million loss in every district due to lack of capacity and expertise. This was stated by Minister of State and Chairman o
Published 29 Dec, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (December 28, 2004).

Published 29 Dec, 2004 12:00am
Mango growers plea to commerce ministry

Mango growers plea to commerce ministry

Mango Growers Association (MGA) has lamented the delay in its registration with the Ministry of Commerce (MoC), allegedly hindering support to the group from international groups in various programmes for the improvement of mango orchards. In a letter add
Published 29 Dec, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Dec, 2004 12:00am
Filing of income and corporate tax returns increases in 2004-05

Filing of income and corporate tax returns increases in 2004-05

The analysis of income and corporate tax returns filed during 2004-05 showed an impressive growth in the voluntary compliance under Universal Self-Assessment Scheme (USAS). A CBR report prepared by Dr Ather Maqsood Ahmed, Member, Fiscal Research and Stati
Published 29 Dec, 2004 12:00am
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