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Jan 04, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-12-30
Jakarta index hits above 1,000 mark

Jakarta index hits above 1,000 mark

Indonesian share prices edged up 0.05 percent on Wednesday to another record finish above 1,000 points as blue chip Telkom's gains in late trade offset profit-taking elsewhere, dealers said. They said investors continued to focus on what they saw as the c
Published 30 Dec, 2004 12:00am
US Stock: Wednesday's unofficial close

US Stock: Wednesday's unofficial close

US blue chips stayed firmly lower Wednesday hurt by a fall in airplane manufacturer Boeing Co after China said it will not approve new aircraft purchases next year in an effort to curb overheated growth in China's airline sector. Boeing fell 2.1 percent t
Published 30 Dec, 2004 12:00am
Britain's top share index higher, bid talk enlivens midcaps

Britain's top share index higher, bid talk enlivens midcaps

Britain's blue-chip shares closed higher on Wednesday, catching up with other world markets after the UK Christmas break, although traders said the action was lacklustre in contrast to the midcap market where bid talk livened up business.
Published 30 Dec, 2004 12:00am
Light or no deliveries seen for January CBOT soya

Light or no deliveries seen for January CBOT soya

Light deliveries of soyabeans, and possibly none at all, will be posted on Thursday on the January Chicago Board of Trade soyabean futures contract, traders and analysts said. "Zero beans, maybe 200 meal and zero to 200 soyaoil," said Terry Reilly, an ana
Published 30 Dec, 2004 12:00am
Ivory Coast sees cocoa woes despite record crop

Ivory Coast sees cocoa woes despite record crop

Ivory Coast cocoa exports will suffer due to storage damage, despite a bumper crop from the world's biggest producer, economy and finance minister Paul Bohoun Bouabre told Reuters on Wednesday. Production for the West African nation's 2004/05 (October-Sep
Published 30 Dec, 2004 12:00am
Oil jumps 4 percent on Riyadh car blasts, US stockdraw

Oil jumps 4 percent on Riyadh car blasts, US stockdraw

Oil prices rose for a second day on Wednesday after twin car bombs exploded in Saudi Arabia's capital and the US government reported another decline in lean winter heating fuel stocks. US light crude oil futures settled up $1.87, or 4.47 percent, at $43.6
Published 30 Dec, 2004 12:00am
London sugar lifted by fund buying

London sugar lifted by fund buying

Fund buying sent London white sugar futures to levels not seen since mid-October on Wednesday and dealers said further gains could be on the cards as the market looks to break above $260 a tonne, brokers said. Spot March closed $5.30 a tonne up at $259.70
Published 30 Dec, 2004 12:00am
New York cotton shade down, but above session lows

New York cotton shade down, but above session lows

Cotton futures settled softer Wednesday on trade sales but those losses were pruned by a bout of fund buying, with brokers saying the market seems poised to grind higher into 2005. The New York Board of Trade's March cotton contract slipped 0.19 cent to f
Published 30 Dec, 2004 12:00am
Russia to scrap zinc and iron import tax

Russia to scrap zinc and iron import tax

Russia's economy ministry has recommended the government scrap a five percent import tariff on iron ore and concentrate and zinc ore and concentrate. For the decision to become effective, a resolution has to signed by Prime Minister Mikhail Fradkov and of
Published 30 Dec, 2004 12:00am
Cocoa futures end lower, tracking New York

Cocoa futures end lower, tracking New York

Trade buying interest failed to pull London cocoa prices out of negative territory on Wednesday as origin sellers re-entered the fray to hedge against recent physical sales, traders said. A weaker New York market also kept prices in check, they added. Lif
Published 30 Dec, 2004 12:00am
LME metals mostly up, aluminium scores new peak

LME metals mostly up, aluminium scores new peak

London Metal Exchange (LME) prices ended mostly higher on Wednesday, led by aluminium prices jumping to a fresh 9-1/2 year peak, traders said. Traders said aluminium was buoyed by detailed changes to Chinese import and export tax laws. China is imposing a
Published 30 Dec, 2004 12:00am
European gold slides in thin trade as euro retreats

European gold slides in thin trade as euro retreats

Gold fell sharply in thin trade on Wednesday afternoon in Europe, with liquidation hastened in thin volumes by the euro's retreat from earlier record peaks versus the dollar, dealers said. Spot gold was quoted at $439.45/440.20 per troy ounce by 1512 GMT,
Published 30 Dec, 2004 12:00am
US MIDDAY: coffee rallies on high prices

US MIDDAY: coffee rallies on high prices

Arabica coffee prices rose almost 3 percent in New York on Wednesday, nearing recent four-year highs, lifted by surging London robusta prices and speculation that beans will be in short supply next year. After a lacklustre start, the New York Board of Tra
Published 30 Dec, 2004 12:00am
US MIDDAY: cocoa hits 7-1/2-week low

US MIDDAY: cocoa hits 7-1/2-week low

New York cocoa futures closed near session lows on Wednesday, touching a 7-1/2 week low, as speculative selling pressured prices into sell-stop orders with some light local buying at the lows, floor sources said. "Specs were sellers all day, running price
Published 30 Dec, 2004 12:00am
US MIDDAY: sugar touches fresh highs on fund buying

US MIDDAY: sugar touches fresh highs on fund buying

Raw sugar futures finished Wednesday at an 11-week high on another round of fund buying, with follow-through purchases and bullish fundamentals seen pushing the sweetener higher into 2005, brokers said. The New York Board of Trade's March raw sugar contra
Published 30 Dec, 2004 12:00am
US MIDDAY: wheat higher on technical rebound

US MIDDAY: wheat higher on technical rebound

Wheat futures at the Chicago Board of Trade were higher at mid-morning on Wednesday on a technical rebound after closing mostly lower for the past two sessions, traders said. Wheat futures at 10:45 am CST (1645 GMT) were up 1/4 cent to 2-1/2 cents per bus
Published 30 Dec, 2004 12:00am
US MIDDAY: corn sags on short covering buoying prices

US MIDDAY: corn sags on short covering buoying prices

Corn futures at the Chicago Board of Trade were lower early on Wednesday amid disappointing exports and the huge stockpile of corn in the United States, traders said. At 10:06 am CST (1606 GMT), CBOT corn was down 1/2 to 1 cent per bushel, with March down
Published 30 Dec, 2004 12:00am
US MIDDAY: soya moves up on fund buying

US MIDDAY: soya moves up on fund buying

Chicago Board of Trade soyabean futures were firm early on Wednesday despite a weaker tone in the cash market amid increased farmer selling, traders said. Pit sources said that fund buying, linked to short-covering, helped soyabeans recover from the decli
Published 30 Dec, 2004 12:00am
US MIDDAY: copper down on high contract

US MIDDAY: copper down on high contract

New York copper futures lost ground early Wednesday a day after returning to the contract high, when sellers decided to take profits as soon as they say saw the dollar embark on higher levels, traders said "It's all dollar related," said one trader, who a
Published 30 Dec, 2004 12:00am
US MIDDAY: gold and silver fall on fund selling

US MIDDAY: gold and silver fall on fund selling

US gold futures fell more than 1 percent to hold around $440 an ounce early Wednesday on fund selling triggered by a sturdier dollar in thin dealings before the New Year's holiday. Traders said gold's inability to rally on flight-to-safety buying after th
Published 30 Dec, 2004 12:00am
US ponders how much monitoring needed against attack

US ponders how much monitoring needed against attack

At Lawrence Livermore lab in northern California and other national labs, US scientists are hard at work devising new inventions to monitor unlikely but horrific dangers that could stem from future terrorist attacks. One such device is a black box about t
Published 30 Dec, 2004 12:00am
CBR move to simplify tax laws hailed

CBR move to simplify tax laws hailed

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has welcomed the Central Board of Revenue (CBR) move to simplify all tax laws, affecting the business community. Commenting on the decision taken by the CBR, Prgmea's zonal C
Published 30 Dec, 2004 12:00am
French chateau park emerges from storm with more trees than before

French chateau park emerges from storm with more trees than before

It's an ill wind that blows no good, and the catastrophic gale that felled more than 10,000 trees in France's historic park of Versailles exactly five years ago has indeed had some positive consequences. Despite the devastation caused by the 1999 storm, t
Published 30 Dec, 2004 12:00am
Person of the year

Person of the year

The Time magazine has named US President George Bush as Person of the Year for "sticking to his guns". President Pervez Musharraf deserves to be the Person of the Year for the same reason.
Published 30 Dec, 2004 12:00am
Importance of bio-safety rules

Importance of bio-safety rules

Nature has bestowed us with arable land as our principal natural resource; however, only 25% of the total land area is under cultivation. Agriculture accounts for about 27% of GDP and employs more than 60% of the labour force; therefore, it is justified t
Published 30 Dec, 2004 12:00am
Relief for KESC defaulters

Relief for KESC defaulters

The Federal Minister for Water and Power, Liaqat Jatoi, has come up with a good idea to deal with a problem that concerns 100,000 defaulters of Karachi Electric Supply Corporation (KESC). He announced on Sunday a one-time relief package for inactive indus
Published 30 Dec, 2004 12:00am
Afghanistan's instability

Afghanistan's instability

President Hamid Karzai of Afghanistan, despite his entirely predictable victory in the presidential election in October, continues to be faced with some old, some new problems. First and foremost, he faced a difficulty in forming his cabinet. He needed to
Published 30 Dec, 2004 12:00am
ORIX Bank arranges Rs 320 million for Gharibwal Cement

ORIX Bank arranges Rs 320 million for Gharibwal Cement

The Gharibwal Cement Limited (GCL) has successfully completed a financial package geared towards induction of a Captive Power Plant at the company's production facility and hoped to save over Rs 117 million in the first year, said a press release on Wedne
Published 30 Dec, 2004 12:00am
ORIX Bank arranges Rs 320 million for Gharibwal Cement

ORIX Bank arranges Rs 320 million for Gharibwal Cement

The Gharibwal Cement Limited (GCL) has successfully completed a financial package geared towards induction of a Captive Power Plant at the company's production facility and hoped to save over Rs 117 million in the first year, said a press release on Wedne
Published 30 Dec, 2004 12:00am
United Bank and Samsung enter alliance for Credit Card

United Bank and Samsung enter alliance for Credit Card

The United Bank Limited (UBL), and Samsung have entered into an exciting alliance for the forthcoming UBL Credit Card launch, said a press release on Wednesday here. It said by virtue of this alliance, UBL Credit Card holders will be able to purchase Sams
Published 30 Dec, 2004 12:00am
Saleem new managing director of Dawood Lawrencepur

Saleem new managing director of Dawood Lawrencepur

M. Saleem Farooqui has been appointed Managing Director of Dawood Lawrencepur Limited (DLL). In his new role as the Chief Executive Officer of DLL, Farooqui will be looking after the textile operations of the Dawood Group comprising of five textile mills
Published 30 Dec, 2004 12:00am
Saleem new managing director of Dawood Lawrencepur

Saleem new managing director of Dawood Lawrencepur

M. Saleem Farooqui has been appointed Managing Director of Dawood Lawrencepur Limited (DLL). In his new role as the Chief Executive Officer of DLL, Farooqui will be looking after the textile operations of the Dawood Group comprising of five textile mills
Published 30 Dec, 2004 12:00am
Hyundai moves up 8 rankings for second place in IQS

Hyundai moves up 8 rankings for second place in IQS

Hyundai Motor America, moved up 8 rankings from last year and finished in a tie for second place in the most recent J D Power and Associates Initial Quality Study (IQS) conducted in the USA. Hyundai Motor America has been declared as the most improved com
Published 30 Dec, 2004 12:00am
ISTF Asia exhibition rescheduled

ISTF Asia exhibition rescheduled

International Spring Trade Fair (ISTF) Asia 2005 exhibition and conference has been rescheduled and will be held from March 26 to 28 next year at Karachi Expo Centre. A statement of the Ecommerce Gateway Pakistan said that the event would be held along wi
Published 30 Dec, 2004 12:00am
Sindh Abadgar Board appeals for saving sunflower crop

Sindh Abadgar Board appeals for saving sunflower crop

The President of Sindh Abadgar Board (SAB) Abdul Majeed Nizamani appealed to the Prime Minister Shaukat Aziz to save the sunflower crop in southern districts of Sindh province by ensuring water supply during the month of January and February 2005 in Kotri
Published 30 Dec, 2004 12:00am
Cibes to get autonomous to award degrees

Cibes to get autonomous to award degrees

The Commecs Institute of Business and Emerging Sciences (Cibes) will soon be given the charter and the autonomous status of a degree awarding institute. This was said by Provincial Labour, Transport, Commerce and Industry Minister Mohammad Adil Siddiqui w
Published 30 Dec, 2004 12:00am
'Government to cut down tariffs by next financial year'

'Government to cut down tariffs by next financial year'

Secretary National Tariff Commission (NTC) Mrs Batool Qureshi said on Wednesday that Pakistan's tariff was on decline and would be brought down to the lowest ebb by the next financial year adding that Pakistani business community should not be worried on
Published 30 Dec, 2004 12:00am
Network Microfinance Bank launched

Network Microfinance Bank launched

Network Microfinance Bank was launched at a simple ceremony on December 28, 2004. NMB is sponsored by the Network Leasing Corporation and Jahangir Siddiqui & Co and would be the first Microfinance institution to be listed at a stock exchange (the Karachi
Published 30 Dec, 2004 12:00am
Network Microfinance Bank launched

Network Microfinance Bank launched

Network Microfinance Bank was launched at a simple ceremony on December 28, 2004. NMB is sponsored by the Network Leasing Corporation and Jahangir Siddiqui & Co and would be the first Microfinance institution to be listed at a stock exchange (the Karachi
Published 30 Dec, 2004 12:00am
Lord Nazir calls on Prime Minister

Lord Nazir calls on Prime Minister

Prime Minister Shaukat Aziz said on Wednesday that there was interfaith harmony in Pakistan and the minorities have equal rights. He was talking to Lord Michael Nazir Ali, Lord Bishop of Rochester who called on him at Prime Minister's House. Shaukat Aziz
Published 30 Dec, 2004 12:00am
PIA advised to expand market share

PIA advised to expand market share

Defence Minister Rao Sikandar Iqbal and Minister of State Zahid Hamid have asked the Pakistan International Airlines (PIA) Chairman to devise an effective strategy for the expansion and enhancement of PIA's market share and revenue base. The Ministers sai
Published 30 Dec, 2004 12:00am
MMA not to hold talks with government

MMA not to hold talks with government

Muttahida Majlis-i-Amal (MMA) will not hold talks with the government unless President General Musharraf puts off his uniform. MMA's leader Liaquat Baloch told newsmen here on Wednesday that MMA will observe black day on January 1, 2005 and will hold prot
Published 30 Dec, 2004 12:00am
Policy to improve fishermen lot being revised

Policy to improve fishermen lot being revised

The fishing policy is being revised to enhance earning of foreign exchange and improve socio economic uplift of the small-scale fishermen. According to official sources, an action plan is also under way for the improvement of deepsea fishing in the countr
Published 30 Dec, 2004 12:00am
Senate Rules of Procedure amended

Senate Rules of Procedure amended

The Senate Standing Committee on Rules of Procedure and Privileges which met in the Parliament House here on Wednesday with Senator Professor Muhammad Saeed Siddiqui in the chair considered a couple of amendments in the Rules of Procedure and Conduct of B
Published 30 Dec, 2004 12:00am
Easy loans for fruits and flowers enterprises

Easy loans for fruits and flowers enterprises

Export Promotion Bureau (EPB) has issued a reminder for fruits, flowers and vegetables enterprises to get easy loans. The government has offered six percent interest loans for these enterprises under the commerce policy for current fiscal year to ensure t
Published 30 Dec, 2004 12:00am
HEC blacklists 51 higher learning institutions

HEC blacklists 51 higher learning institutions

The Higher Education Commission (HEC) has blacklisted 51 higher learning institutions illegally operating in the country, directing their administration to shun operations with an immediate effect. According to HEC, around 41 foreign and 10 local universi
Published 30 Dec, 2004 12:00am
Qazi warns government not to disrupt black day processions

Qazi warns government not to disrupt black day processions

Qazi Hussain Ahmed, Ameer of Muttahida Majlis-i-Amal (MMA) has threatened that it will convert 'black day' into a full fledged movement against the government, if it tries to create hurdles on January 1. "If government used its force to stop the black day
Published 30 Dec, 2004 12:00am
Rafi elected ICMAP President

Rafi elected ICMAP President

Muhammad Rafi has been elected President of Institute of Cost and Management Accountants of Pakistan (ICMAP) for 2005 at the 211th meeting of the ICMAP National Council held in Islamabad. Rafi, 49, has over 28 years of professional working experience at r
Published 30 Dec, 2004 12:00am
PSMA for more reliance on local material for energy production

PSMA for more reliance on local material for energy production

Pakistan Sugar Mills Association (PSMA) has urged Prime Minister to take steps for increasing reliance on local material for energy production and slashing production cost instead of focusing on generation of energy through thermal and other resources.
Published 30 Dec, 2004 12:00am
PDWP approves Rs 148.547 million coconut, oilpalm farms schemes

PDWP approves Rs 148.547 million coconut, oilpalm farms schemes

The Provincial Development Working Party (PDWP) has approved the extension of scheme "Establishment of coconut and palm oil farms" in the coastal zone of Sindh at a revised estimated cost of Rs 148.547 million till 2008. The scheme will be executed by the
Published 30 Dec, 2004 12:00am
PNCC condemns attack on Agha Khan Foundation offices

PNCC condemns attack on Agha Khan Foundation offices

Punjab NGO Co-ordination Council (PNCC), while condemning the attack on the office of Agha Khan Foundation at Chitral has announced that the NGOs would hold protests meetings throughout the country. PNCC Secretary General Shafiq-ur-Rahman said this in a p
Published 30 Dec, 2004 12:00am
Punjab and Iranian universities collaboration stressed

Punjab and Iranian universities collaboration stressed

Iranian Consul General Aqai Muhammad Khudadi has expressed desire for collaboration between the Punjab University and the Iranian universities in biological sciences, art and design and irrigation. He said this during his meeting with the Punjab Universit
Published 30 Dec, 2004 12:00am
1,098 educational institutions to have IT labs by March

1,098 educational institutions to have IT labs by March

As many as 1,098 schools and colleges across the country would have computer labs by March next, the sources said here. They said the Ministry of Information Technology in collaboration with provincial and AJK governments is actively working to make the l
Published 30 Dec, 2004 12:00am
Punjab chief minister meets Maqbool

Punjab chief minister meets Maqbool

Punjab Chief Minister Chaudhry Pervaiz Elahi met Punjab Governor Lieutenant General Khalid Maqbool (Retd) here on Wednesday. Both discussed measures and strategy to keep the students away from political activities on the occasion. In an hour meeting, they
Published 30 Dec, 2004 12:00am
PVTC to set up training institutes

PVTC to set up training institutes

Chairman, Punjab Vocational Training Council (PVTC), Sikandar Mustafa has announced setting up of PVTC training institutes in order to ensure successful implementation of the PVTC expansion plan for the permanent rehabilitation of Mustahqeen-e-Zakat in th
Published 30 Dec, 2004 12:00am
'Musharraf's position providing stability'

'Musharraf's position providing stability'

Whilst the European Parliament did not accept the way President Pervez Musharraf came into power, however we must recognise that his position in the country was providing stability within Pakistan and in the South East Asian region. Sajjad Karim, British-
Published 30 Dec, 2004 12:00am
Textile policy in February 2005

Textile policy in February 2005

Federal Minister for Textile Industry Mushtaq Ali Cheema has said the textile policy would be announced in February, 2005. In an interview with a private TV channel he said, "First-ever textile policy will be announced in February next year." To a questio
Published 30 Dec, 2004 12:00am
Mobile phone companies asked to improve services

Mobile phone companies asked to improve services

Pakistan Telecommunication Authority (PTA) Chairman Shahzada Alam on Wednesday directed all cellular companies to improve their efficiency to provide quality services. Stern action would be taken against those companies which would not improve their quali
Published 30 Dec, 2004 12:00am
SAI chief opposes loadshedding in industrial areas

SAI chief opposes loadshedding in industrial areas

Muhammad Nisar Shekhani, Chairman, Site Association of Industry (SAI) has urged President, General Pervez Musharraf and the Prime Minister, Shaukat Aziz to look into the serious matter and issue necessary directives to Wapda, as well as KESC not to restor
Published 30 Dec, 2004 12:00am
Wapda union threatens countrywide power shut-down on December 31

Wapda union threatens countrywide power shut-down on December 31

The Wapda Hydroelectric Union (CBA) has threatened a countrywide power outage on Friday December 31, against the proposed privatisation of Wapda companies. Wapda Hydroelectric Union Sukkur Region General Secretary Zahid Shah, Lala Dhani Bux, Darya Khan, Z
Published 30 Dec, 2004 12:00am
Call to enhance quality, productivity to compete in WTO regime

Call to enhance quality, productivity to compete in WTO regime

Pakistan should have no threat by the implementation of World Trade Organisation (WTO) regime in 2005, as the tariff in Pakistan is already comparatively low, but we have to make ourselves prepare to compete big giants in the international market by enhan
Published 30 Dec, 2004 12:00am
Asif nominated on KCCI shipping body

Asif nominated on KCCI shipping body

East West Enterprises Chief Executive Asif Sheikh Javaid has been nominated member of Karachi Chamber of Commerce and Industry's (KCCI) sub-committee on shipping and multi-model transport for 2004-05 term. He is also Vice-Chairman of the Federation of Pak
Published 30 Dec, 2004 12:00am
Customs agents training from next month

Customs agents training from next month

The Directorate of Training of Customs, Excise and Sales Tax, in collaboration with the Karachi Customs Agents Group (KCAG)is organising a training programme to train the Customs agents in the Customs Administration Reform (Care) project in January. The r
Published 30 Dec, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (December 29) and the forecast for Thursday (December 30, 2004).
Published 30 Dec, 2004 12:00am
Quetta and Kandahar bus service soon: governor

Quetta and Kandahar bus service soon: governor

Balochistan Governor Owais Ahmed Ghani has said that preparations for launching Quetta-Kandahar bus service are in the final stage. Talking to Voice of America (VoA), the Governor said, a six-member steering committee which has been notified for the bus s
Published 30 Dec, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (December 29, 2004).

Published 30 Dec, 2004 12:00am
Abdul Ghaffar appointed adviser to Sindh chief minister

Abdul Ghaffar appointed adviser to Sindh chief minister

Sindh Chief Minister Dr Arbab Ghulam Rahim has appointed Abdul Ghaffar Qureshi as his political adviser. Abdul Ghaffar Qureshi is the additional general secretary of the Pakistan Muslim League (PML) Sindh and he had been elected as MPA, twice from Mirpurk
Published 30 Dec, 2004 12:00am
New York cotton

New York cotton

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

Published 30 Dec, 2004 12:00am
Action against illegal encroachment directed

Action against illegal encroachment directed

The NWFP Minister for Local Government and Rural Development Sardar Muhammad Idrees has directed all TMOs of district Peshawar to launch operation against illegal encroachment in Peshawar and submit completion report to him by 31st December 2004 positivel
Published 30 Dec, 2004 12:00am
New York cotton

New York cotton

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

Published 30 Dec, 2004 12:00am
ABS earns high profits on improved business climate

ABS earns high profits on improved business climate

The majority of members of the American Business Council (ABC) has reported an increase in gross revenue and pre-tax profits as a result of improved business conditions in the country. This has been stated in a Perception Survey carried out by the Council
Published 30 Dec, 2004 12:00am
Key stock market movements at 1800 GMT on December 29

Key stock market movements at 1800 GMT on December 29

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 30 Dec, 2004 12:00am
Punjab chief minister meets Mahmud

Punjab chief minister meets Mahmud

Chief Minister Punjab Chaudhry Pervaiz Elahi met Khalid Mahmud Wattoo MPA from PP-57 and Zile-Subhan a ticket holder of PML-N from PP-34 in previous general election in separate meetings here on Wednesday. Both of them reposing confidence in leadership of
Published 30 Dec, 2004 12:00am
LHCBA member files petition for 'national government'

LHCBA member files petition for 'national government'

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with prayer to direct the respondent government to form a national government comprising judges, politicians, editors and senior bar members. The petition
Published 30 Dec, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 29, 2004).

Published 30 Dec, 2004 12:00am
DTO starts FPCCI poll case hearing today

DTO starts FPCCI poll case hearing today

The Director, Trade Organisations (DTO), Ministry of Commerce (MoC), has directed Khwaja Zafar, a candidate of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Managing Committee, representing Pakistan Hardware Merchant Association, to
Published 30 Dec, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (December 29) and for Thursday (December 30, 2004).
Published 30 Dec, 2004 12:00am
Banks actively involved in promoting SMEs: Ishrat

Banks actively involved in promoting SMEs: Ishrat

State Bank of Pakistan (SBP) Governor Ishrat Hussain said the commercial banks in Pakistan were actively involved to promote Small and Medium Enterprises (SMEs) in the country through micro financing. Speaking as chief guest at the Federation of Pakistan
Published 30 Dec, 2004 12:00am
Zardari withdraws petition on passport issue

Zardari withdraws petition on passport issue

A division bench of High Court of Sindh (SHC), comprising Justice Wahid Bux Brohi and Justice Musheer Alam on Wednesday dismissed as withdrawn a constitution petition filed by PPPP leader Asif Ali Zardari challenging non-issuance of passport to him by the
Published 30 Dec, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 29, 2004).

Published 30 Dec, 2004 12:00am
Japan to assist Pakistan in human resource sector

Japan to assist Pakistan in human resource sector

Parliamentary Secretary for Foreign Affairs of Japan Keishiro Keishiro Fukushima on Wednesday appreciated President General Musharraf's idea of enlightened moderation and said Japan desires to assist Pakistan in becoming a developed modern Islamic State.
Published 30 Dec, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 29, 2004).

Published 30 Dec, 2004 12:00am
Barani Village Development Project launched

Barani Village Development Project launched

Agency for Barani Areas Development (ABAD) has launched "Barani Village Development Project" (BVDP) costing Rs one billion in collaboration with Punjab government and International Fund for Agriculture Development (IFAD) in seven Barani tehsils of the Pun
Published 30 Dec, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 29, 2004).

Published 30 Dec, 2004 12:00am
Two magistrates examined in doctor brothers' case

Two magistrates examined in doctor brothers' case

An Anti Terrorism Court in Karachi on Wednesday adjourned hearing of trial against Dr Akmal Waheed and his brother Dr Arshad Waheed after examination of two prosecution witnesses. Dr Akmal Waheed, a cardiac specialist of NICVD and Dr Arshad Waheed, a kidn
Published 30 Dec, 2004 12:00am
Three cops suspended for harassing traders

Three cops suspended for harassing traders

Traders of Chungi No 14 here made three officials of the police flying squad hostages when they manhandled two cloth merchants, Habib and Javed, on refusal to meet their demand. DPO has suspended their services and ordered an inquiry against them. "We hav
Published 30 Dec, 2004 12:00am
768 more Pakistanis arrive from Oman

768 more Pakistanis arrive from Oman

Another batch of 768 poor Pakistanis, held for illegally entering Oman in search of jobs later arrested and were in the Muscat Jails, returned home on Wednesday early morning in a Boat Al-Mohammadi-2. Their release and return to Pakistan could become frui
Published 30 Dec, 2004 12:00am
THE RUPEE: 10 paisa gain in open market

THE RUPEE: 10 paisa gain in open market

The rupee on Wednesday managed to gain 10 paisa in relation to the dollar in the open market for buying and selling at 59.75 and 59.85 on better supply of the greenback, dealers said.
Published 30 Dec, 2004 12:00am
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