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Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-01-15
GM bonds push wider

GM bonds push wider

US auto giant General Motors once again stole the show in Europe's corporate bond markets on Friday, with its 30-year bond spreads widening nearly 30 basis points after it said it expected 2005 earnings to fall. Elsewhere, few names were moving although t
Published 15 Jan, 2005 12:00am
GM bonds push wider

GM bonds push wider

US auto giant General Motors once again stole the show in Europe's corporate bond markets on Friday, with its 30-year bond spreads widening nearly 30 basis points after it said it expected 2005 earnings to fall. Elsewhere, few names were moving although t
Published 15 Jan, 2005 12:00am
Philippine shares higher

Philippine shares higher

Philippine share prices closed 0.59 percent higher Friday, on last-minute buying in select blue chips, dealers said. They said some market players took profits early in the session on caution following Wall Street's overnight decline, but punters were qui
Published 15 Jan, 2005 12:00am
Miners, ITV spearhead FTSE's bright end to week

Miners, ITV spearhead FTSE's bright end to week

Britain's top shares ended a tough week on a bright note, spearheaded by Rio Tinto and other miners on the prospect they could secure strong price rises for metals and by broadcaster ITV as optimism for an advertising rebound coupled with persistent bid s
Published 15 Jan, 2005 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee slid on Friday, dragged down by the dollar's bounce overseas, dealers said. The rupee finished at 43.76/77 per dollar, 0.11 percent weaker than Thursday's seven-session closing high of 43.70/72, but well off the day's low of 43.86.
Published 15 Jan, 2005 12:00am
Sterling taps 7-week low versus dollar

Sterling taps 7-week low versus dollar

Sterling fell to a seven-week low against the strengthened dollar but rose versus the euro in line with moves in major currency markets on Friday, maintaining its soft tone due to recent weak economic data from Britain. Disappointing figures on retail sal
Published 15 Jan, 2005 12:00am
Dollar rallies in London

Dollar rallies in London

The dollar surged on Friday after a senior Federal Reserve official hinted the United States could accelerate the pace of raising interest rates and Washington pledged for a tighter budget and strong dollar policy. St. Louis Federal Reserve President Will
Published 15 Jan, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Jan, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Jan, 2005 12:00am
Mexico revokes decade-old sugar controls

Mexico revokes decade-old sugar controls

Mexico said on Friday it was dropping legal minimum price guarantees for sugarcane after more than a decade because recent rises in market prices made the government's intervention unnecessary. The guarantees were implemented in 1991 amid a downturn in th
Published 15 Jan, 2005 12:00am
Time running out for EU wheat subsidies

Time running out for EU wheat subsidies

The European Commission has again resisted calls to revive politically sensitive subsidies on wheat exports and analysts said on Friday such a move might soon be too little, too late. Farmers in Europe have a big wheat crop but exports have been slowed by
Published 15 Jan, 2005 12:00am
Oil hits fresh six-week high on US deep-freeze

Oil hits fresh six-week high on US deep-freeze

US crude oil futures rose to a fresh six-week high on Friday as frigid weather swooped into the Northeast heating oil market, threatening to strain already tight winter fuel stockpiles. Crude futures on the New York Mercantile Exchange settled up 34 cents
Published 15 Jan, 2005 12:00am
London coffee loses over 2 percent

London coffee loses over 2 percent

Robusta coffee futures in London posted losses of more than two percent on Friday as speculative selling erased the gains made on Wednesday, dealers said. Liffe benchmark March settled at $721 a tonne, down 2.6 percent after a $720-736 range on turnover o
Published 15 Jan, 2005 12:00am
New York cotton futures mixed

New York cotton futures mixed

Cotton futures ended mixed Friday in activity featuring small speculators ahead of a holiday break, with analysts uncertain about market direction going into next week. The cotton futures market will be shut Monday in observance of Martin Luther King Jr.
Published 15 Jan, 2005 12:00am
London cocoa closes lower

London cocoa closes lower

The London cocoa market made narrow losses on speculative and origin selling, dealers said. Benchmark March closed at 827 pounds a tonne, down four pounds after turnover of 7,284 lots from a total of 14,493. It ranged between 824 and 834. "Industry has be
Published 15 Jan, 2005 12:00am
Key metals up on short covering

Key metals up on short covering

Key industrial metals closed with modest gains on Friday, supported by short covering ahead of the three-day US weekend, but traders said a firmer dollar was seen limiting further gains. Three months copper on the London Metal Exchange (LME) rose to $3,01
Published 15 Jan, 2005 12:00am
Gold dips in Europe as dollar extends rally

Gold dips in Europe as dollar extends rally

Gold fell in Europe on Friday, with sentiment deflated after Washington's pledge for a tighter budget eased worries about ballooning US deficits and boosted the dollar, dealers said. Spot gold fell to $421.70/422.20 an ounce by 1552 GMT from $424.35/425.1
Published 15 Jan, 2005 12:00am
US MIDDAY: cocoa down

US MIDDAY: cocoa down

Most New York cocoa futures ended modestly weaker Friday as trade and producer selling got the best of an early rally ahead of the holiday weekend, traders said. New York Board of Trade's benchmark March cocoa contract eased $5 to settle at $1,500 a tonne
Published 15 Jan, 2005 12:00am
US MIDDAY: coffee futures sag

US MIDDAY: coffee futures sag

Arabica coffee futures dipped Friday as speculators and funds took profits ahead of a long holiday weekend, traders said. "It was pretty quiet. We saw some scale-down roaster buying and some weekend profit-taking," said a trader at a large brokerage. The
Published 15 Jan, 2005 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures closed sharply higher Friday on speculative fund buying, and the market may post further gains after a holiday break, brokers said. The raw sugar market will be shut Monday in observance of Martin Luther King Jr Day. Business resumes on
Published 15 Jan, 2005 12:00am
US MIDDAY: wheat extends declines

US MIDDAY: wheat extends declines

Chicago Board of Trade wheat futures extended declines at mid-session on Friday, falling 5 to 7 cents per bushel as sell-stops were hit, traders said. As of 11:40 am CST (1740 GMT), March down 7 cents at $3.00-1/2 per bushel after hitting a session low at
Published 15 Jan, 2005 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Corn futures at the Chicago Board of Trade fell to new contract lows early on Friday on spillover selling by speculators after a sharp slide in soy, traders said. Traders said the corn market also continued to struggle against the bearish input from the b
Published 15 Jan, 2005 12:00am
US MIDDAY: soyabeans tumble

US MIDDAY: soyabeans tumble

Soyabean futures at the Chicago Board of Trade fell hard early Friday on a profit-taking setback ahead of the long US holiday weekend, traders said.
Published 15 Jan, 2005 12:00am
US MIDDAY: copper rallies

US MIDDAY: copper rallies

Copper futures rose in response to stronger demand implications from US economic data released on Friday and, shrugging off its recent pattern, ignored the dollar's gains, traders said. "I think it's showing some unexpected strength in the face of the dol
Published 15 Jan, 2005 12:00am
US MIDDAY: gold limps lower

US MIDDAY: gold limps lower

US gold futures retreated early Friday in holiday-shortened trading, knocked by a stronger dollar as traders focused on the prospect of accelerating US interest rate rises, dealers said. "Gold is a little lower on dollar strength, but volume is very small
Published 15 Jan, 2005 12:00am
Repair of waterline leakages ordered

Repair of waterline leakages ordered

Managing Director Karachi Water and Sewerage Board (KW&SB), Brigadier Iftekhar Haider took strict notice of leakages at certain points of Hub Trunk Main and has issued directives for their immediate repair. The MD issued these instructions during his visi
Published 15 Jan, 2005 12:00am
CDGK defends auction of plot

CDGK defends auction of plot

Defending auction of Americano plot in Saddar area, the City District Government Karachi (CDGK) on Friday said the auction of the plot had been held after the order of Sindh High Court. Filing counter affidavit before SHC in Sindh government application a
Published 15 Jan, 2005 12:00am
Agro Asia exhibition to be held from March 26

Agro Asia exhibition to be held from March 26

A Three-day Agro Asia-2005 Exhibition and conference will be held here from March 26-28 at the Karachi Expo Centre. A statement issued here on Friday said the event would showcase the latest trends in the technology, equipment and machinery as well as all
Published 15 Jan, 2005 12:00am
Iceland's hydrogen buses zip to oil-free economy

Iceland's hydrogen buses zip to oil-free economy

Hydrogen, tested in buses from Amsterdam to Vancouver and used in the rockets of the US space shuttle, is a clean power that promises to break dependence on oil and gas - at least in Iceland. "Sometimes I have to explain to passengers that it's just water
Published 15 Jan, 2005 12:00am
Building Bangladesh's material wealth

Building Bangladesh's material wealth

Bangladesh is now one of the world's 12 largest clothing manufacturers, but the country has tradition-ally imported most of its raw fabric rather than weaving it locally. This is because local manufacturers did not have the technology to produce export-qu
Published 15 Jan, 2005 12:00am
Benefits of the SBP autonomy

Benefits of the SBP autonomy

Central Banks are not in the business of making profits. They have been set up with the mandate to manage monetary policy, credit and liquidity, maintain stable exchange rate, supervise and regulate the banking system and ensure a smooth payment system. P
Published 15 Jan, 2005 12:00am
Basant and tsunami

Basant and tsunami

Basant festival, the annual cultural event, is scheduled at Lahore from the 3rd to the 6th of February, for which arrangements have already been undertaken by the concerned authorities. In the backdrop of the one of the biggest disasters of the century fa
Published 15 Jan, 2005 12:00am
'Sect' column

'Sect' column

As if the 'Religiosity' of the passports was not already an enough of a non-issue for the nation to debate, that the PML has opened yet another Pandora's box by suggesting elimination of the 'Sect' column from all government forms that the country men hav
Published 15 Jan, 2005 12:00am
The ouster of Nawaz Sharif

The ouster of Nawaz Sharif

PPPP president Makhdoom Amin Fahim, in his statement on January 2, said the Nawaz government was toppled without reason. May I remind the Makhdoom of Mohtarma Benazir Bhutto's interview to the BBC on October 19, a week after the take-over by General Musha
Published 15 Jan, 2005 12:00am
Saudi oil industry confident of security against terror attacks

Saudi oil industry confident of security against terror attacks

Al-Qaeda threats to attack Gulf oil installations sent jitters through international markets but employees at Saudi Arabia's oil giant Aramco are confident their security measures are adequate. Along the shores of the Gulf at Ras Tannura, the world's larg
Published 15 Jan, 2005 12:00am
New Palestinian leader Abbas still persona non-grata in home town

New Palestinian leader Abbas still persona non-grata in home town

Mahmud Abbas, the moderate Palestinian who has replaced Israel's bete noire Yasser Arafat, is still persona non-grata in the Galilee town where he was born. "The people don't want him here for the moment," says Shimon Kubi, a retired Israeli army officer
Published 15 Jan, 2005 12:00am
Judicial system: suggestions for improvement

Judicial system: suggestions for improvement

The Prime Minister has accorded priority to streamlining the judiciary, a step long awaited and presently hailed by the masses. The public reposes confidence in the Prime Minister, who as Finance Minister due to his result-oriented policies saved the coun
Published 15 Jan, 2005 12:00am
Controversy over raw sugar import

Controversy over raw sugar import

It is, indeed, distressing to note that the difficulties on the sugar front continue unabated, notwithstanding repeated attempts at ending it from different approaches over the past several years. This has reference, among other things, to a letter the Se
Published 15 Jan, 2005 12:00am
Preparing young adults for new challenges

Preparing young adults for new challenges

This year's prestigious lecture at the annual conference of Pakistan Society of Development Economists had a timely theme, "The Changing Transition to Adulthood in Comparative Perspective: the Case of Pakistan." Cynthia B. Lloyd, Director of Social Scienc
Published 15 Jan, 2005 12:00am
National Assembly panel wants rules amended to check fake housing scheme

National Assembly panel wants rules amended to check fake housing scheme

The National Assembly standing committee on government assurance has asked the government to amend relevant laws to curb mushroom growth of fake co-operative housing societies. The committee, which met here on Thursday with MNA Haji Khuda Bukhsh Nizamani
Published 15 Jan, 2005 12:00am
Reuse of waste materials in construction industry advocated

Reuse of waste materials in construction industry advocated

The properties of concrete and how fly ash, bagasse, sewer sludge, glass and natural pozzolans, rice husk and slag can be used as supplement to cement-concrete mix without compromising on the compressional strength of concrete.
Published 15 Jan, 2005 12:00am
Registration marks auction fetches Rs 0.6 million

Registration marks auction fetches Rs 0.6 million

Punjab government has recovered revenue of around Rs 0.6 million through open auction of attractive registration marks of vehicles for FSF series at Faisalabad on Thursday. The auction took place at the office of motor registering authority Faisalabad und
Published 15 Jan, 2005 12:00am
'Urban Sole' outlet opens in Jeddah

'Urban Sole' outlet opens in Jeddah

Shafi Private Limited (SPL), a Pakistani footwear company, which is doing footwear business under the brand name of 'Urban Sole' has opened its outlet in Jeddah. "Urban Sole is the first Pakistani Company, which has established its outlet in Kingdom of Sa
Published 15 Jan, 2005 12:00am
Need for co-operation with Iranian universities stressed

Need for co-operation with Iranian universities stressed

Punjab University's Mass Communication Department arranged a special lecture of vice-chancellor Arshad Mahmood on PU delegation's visit to Islamic Republic of Iran, where academic agreements between PU and the Iranian universities were signed. Iranian Cul
Published 15 Jan, 2005 12:00am
BRIDGE NOTES: A suicidal bid

BRIDGE NOTES: A suicidal bid

Bangalore Club is the leading social and sports institution. It is also a prestigious meeting place of high ranking bureaucrats, military personnel, businessmen and social elites. Initially, it was British dominating club, but as the time passed by even I
Published 15 Jan, 2005 12:00am
Phone services to be affected

Phone services to be affected

Telephone services in some areas of the district Sheikhupura will be affected due to on-going construction of Lahore-Faisalabad Road. A spokesman of Pakistan Telecommunication Company Limited (PTCL) said here on Thursday that the affected areas include: W
Published 15 Jan, 2005 12:00am
Jamaat-ut-Dawa medical teams for tsunami victims

Jamaat-ut-Dawa medical teams for tsunami victims

Jamaat-ut-Dawa, Pakistan has started the process of sending medical teams, medicines and volunteers to help the tsunami affectees in South Asian countries except India. While addressing a press conference here on Thursday, Organiser of the relief committe
Published 15 Jan, 2005 12:00am
SPORTS WORLD: Cricket debacle in Australia

SPORTS WORLD: Cricket debacle in Australia

Cricket circles, if not the PCB officialdom, the tour management, including coach Bob Woolmer, must be in morning after the fall from grace of the national pack in Australia. A clear 3-0 whitewash in the three-Test series after the Sydney outcome was nigh
Published 15 Jan, 2005 12:00am
LHC issues notices in Town Nazim's petition

LHC issues notices in Town Nazim's petition

The Lahore High Court (LHC) has issued notices to Attorney General of Pakistan and Advocate General Punjab in a petition filed by Town Nazim Mian Amir Munir challenging the constitution of special anti-corruption courts and appointment of judges for these
Published 15 Jan, 2005 12:00am
Recent advances in surgery explained

Recent advances in surgery explained

Senior surgeons at a surgical symposium held under the auspices of Society of Surgeons of Pakistan (SSP) updated the knowledge of surgeons with reference to latest developments taking place in surgery. Professor Mazhar Saeed Choudhry, President of the Soc
Published 15 Jan, 2005 12:00am
BOOK REVIEW: Tajzia-o-Tabsara number of Pesh Raft

BOOK REVIEW: Tajzia-o-Tabsara number of Pesh Raft

It is seldom that literary periodicals would devote to instructive criticism of prose and poetry and deviate from the most favoured opinionated sophism of looking at creative writings. Mostly such criticisms, which gained public acclaim in the recent past
Published 15 Jan, 2005 12:00am
Physics centre to be equipped with latest technology

Physics centre to be equipped with latest technology

National Centre for Physics will be fully equipped with international level atomic accelerator, experimental nuclear lab and high tech vacuum lab, which will be helpful in providing modern training and research facilities to our scientists engaged in nucl
Published 15 Jan, 2005 12:00am
G.A. Chishti, an awami composer

G.A. Chishti, an awami composer

Ghulam Ahmad Chishti, the composer with scores of popular films to his credit, is no more in our midst. He was a celebrity of the sub-continental cinema, whose name stands out with distinction among two generations of composers, for the lilt and cadence o
Published 15 Jan, 2005 12:00am
One in three Pakistanis over 45 hypertensive: expert

One in three Pakistanis over 45 hypertensive: expert

Hypertension affects one in three individuals over the age of 45 years in Pakistan, and is one of the main causes of heart disease as well as stroke. "With over 12 million suffering from hypertension in the country, only 3 percent are adequately controlle
Published 15 Jan, 2005 12:00am
LAHORE CULTURAL DIARY: Drama festival dominated cultural events

LAHORE CULTURAL DIARY: Drama festival dominated cultural events

National Drama Festival, a couple of painting exhibitions, an obituary reference and a couple of book fairs were the highlights of cultural events in Lahore during the week ending January 9. For the second week running, the 12-day National Drama Festival
Published 15 Jan, 2005 12:00am
1.2 million die in road mishaps every year: study

1.2 million die in road mishaps every year: study

The incidence of serious injuries in Pakistan is reported at 41.2 per 1000 persons every year. Around 36 percent transport-related accidents are the most common cause of such injuries. Whereas around 28 percent occurred due to exposure to mechanical devic
Published 15 Jan, 2005 12:00am
Cold wave: warm clothes sales go up

Cold wave: warm clothes sales go up

According to Meteoro-logical Office Karachi will continue to remain in the grip of cold wave considerably for a longer period as against the common impression that this city has unpredictable weather conditions. Those who refrain from spending money on wa
Published 15 Jan, 2005 12:00am
Road safety cell established

Road safety cell established

Punjab Highways Department (PHD) has set up a Road Safety Cell, which would serve as a "think-thank" for determining the causes of road accidents, and ensuring road safety. Punjab Communication and Works Minister Chaudhry Zaheeruddin stated this while pre
Published 15 Jan, 2005 12:00am
Invigorating culture at Dante

Invigorating culture at Dante

In presence of Pak American Cultural Centre, Alliance Francaise and Goethe- Institut in Karachi, creating a stride in cultural life of Karachi was never an easy task to perform. However, Italian Cultural Centre, Dante Alighieri, has been striving hard to
Published 15 Jan, 2005 12:00am
LHC takes serious note of law officers attitude

LHC takes serious note of law officers attitude

Lahore High Court (LHC), while taking serious notice of attitude of law officers towards court proceedings, has directed the Deputy Attorney General of Pakistan to appear before the court on next date of hearing. The court passed these orders in a petitio
Published 15 Jan, 2005 12:00am
'Woman'... a unique creation of God

'Woman'... a unique creation of God

It is an old saying that the woman was created from the rib of the man and as such stands by the side of a man eversince she came into being. The logic behind her creation would be nothing but to make a companion of a man. A concrete companionship that wo
Published 15 Jan, 2005 12:00am
Punjab Assembly members show lack of interest in proceedings

Punjab Assembly members show lack of interest in proceedings

Punjab Assembly members are showing lack of interest in the on-going 18th session, as on Friday the House commenced its proceedings late, with only three legislators including the Speaker were present, and at no stage the quorum requirement was fulfilled.
Published 15 Jan, 2005 12:00am
CAPITAL CULTURAL SCENE: Sunny days and chilly winds

CAPITAL CULTURAL SCENE: Sunny days and chilly winds

There is a marked change in the weather scene of Isloo. The climate is crisp and fresh with the citrus fruits flooding the market place. There are an endless varieties of oranges but the Khanpur ones rule the roost. These are so juicy together with being
Published 15 Jan, 2005 12:00am
'Pakistan can promote export of services'

'Pakistan can promote export of services'

Pakistan has tremendous opportunities to promote the export of its services in several sectors, including construction and engineering consultancy services and adequate manpower, and if due attention is given, it could earn even more foreign exchange than
Published 15 Jan, 2005 12:00am
Two more aircraft sent to Sri Lanka

Two more aircraft sent to Sri Lanka

Pakistan dispatched two more transport aircraft on Friday to help the tsunami-hit people in Sri Lanka. A batch of 72 Pakistan Army Engineer Corps troops aboard two C-130 aircraft left for tsunami-hit areas of Sri Lanka carrying 11-ton load of relief items
Published 15 Jan, 2005 12:00am
Prgmea welcomes Customs Care Project

Prgmea welcomes Customs Care Project

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has hailed the Customs Administrative Reform (Care) project which would ensure the clearance of the goods in four hours. Prgmea zonal Chairman Dawood Usman Jhakura said on Fr
Published 15 Jan, 2005 12:00am
CURRENT TOPICS: Reflections on tsunami

CURRENT TOPICS: Reflections on tsunami

A strange sounding name for a tidal wave. We in Pakistan are not familiar but it is commonly known in the Far East. I understand it is a Japanese word for gargantuan sea waves which often buffet its shores. As a matter of fact main land countries like Jap
Published 15 Jan, 2005 12:00am
Unrecognised IT institutes to be closed down

Unrecognised IT institutes to be closed down

The Sindh information technology department has decided to close down all the unrecognised information technology institutes and cyber café in Karachi to bring the entire sector under the discipline of good IT practices, it was learnt on Friday. The undis
Published 15 Jan, 2005 12:00am
BTIHS&BDC, country's first haematology centre

BTIHS&BDC, country's first haematology centre

Bismillah Taqee Institute of Health Sciences and Blood Disease Centre (BTIHS&BDC) is operating on a non-profit basis, has completed 122 successful BMTs during 5 years with overall survival of 80 percent. With personalised care the highly skilled st
Published 15 Jan, 2005 12:00am
Punjab University announces results

Punjab University announces results

Punjab University (PU) has announced the results of Diploma in Anesthesia (DA), Part-II Supplementary Examination, 2003, Diploma in Ophthalmic Medicine and Surgery (DOMS) Supplementary Examination 2002, B.Sc. Applied Geology First Professional 2nd Annual
Published 15 Jan, 2005 12:00am
Bone marrow transplantation

Bone marrow transplantation

With a better understanding of immune system of the human being and the advent of better medications and technology, more and more patients are being treated with Bone Marrow Transplantation (BMT). White Blood Cells (WBCs) are the key players in our body'
Published 15 Jan, 2005 12:00am
Paktel GSM distance-based charging regime over

Paktel GSM distance-based charging regime over

Paktel GSM has taken a ground breaking initiative by introducing one rate for all calls across the country. This drastic reduction in tariff has been done to do away with the concept of distance-based charging. The new rates shall be applicable from 7 am
Published 15 Jan, 2005 12:00am
The Weather

The Weather

The weather report on Friday (January 14) and the forecast for Saturday (January 15, 2004).
Published 15 Jan, 2005 12:00am
APNS seeks Prime Minister's intervention against ITNE chief's action

APNS seeks Prime Minister's intervention against ITNE chief's action

The APNS has sought the intervention of Prime Minister Shaukat Aziz against vindictive actions of Chairman, ITNE, a spokesman of the Society, said on Friday. According the Executive Committee of the All Pakistan Newspapers Society at its meeting, held in
Published 15 Jan, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 14, 2005).

Published 15 Jan, 2005 12:00am
Rashid for finding a via media to end wage award row

Rashid for finding a via media to end wage award row

The Federal Information Minister Shaikh Rashid Ahmed has asked the newspaper owners and the working journalists to find out a via media for the resolution of Wage Board Award controversy. He was speaking at the inauguration of the press freedom monitoring
Published 15 Jan, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 14, 2005).

Published 15 Jan, 2005 12:00am
First Paramount Modaraba rating reaffirms at BBB-/A-3

First Paramount Modaraba rating reaffirms at BBB-/A-3

JCR-VIS Credit Rating Company has reaffirmed the medium to long-term entity rating of First Paramount Modaraba (FPM) at BBB- (Triple B Minus) with a 'stable' outlook. Short-term rating has also been reaffirmed at A-3 (A-three).
Published 15 Jan, 2005 12:00am
Key stock market movements at 1800 GMT - January 14

Key stock market movements at 1800 GMT - January 14

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 15 Jan, 2005 12:00am
First Paramount Modaraba rating reaffirms at BBB-/A-3

First Paramount Modaraba rating reaffirms at BBB-/A-3

JCR-VIS Credit Rating Company has reaffirmed the medium to long-term entity rating of First Paramount Modaraba (FPM) at BBB- (Triple B Minus) with a 'stable' outlook. Short-term rating has also been reaffirmed at A-3 (A-three).
Published 15 Jan, 2005 12:00am
Businessmen Panel welcomes DTO verdict

Businessmen Panel welcomes DTO verdict

The leadership of the Businessmen Panel (BP) has welcomed the Director Trade Organisations (DTO) verdict on arbitral tribunal and said that it would contest remaining phases of the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) electio
Published 15 Jan, 2005 12:00am
Arshad elected EFP vice president

Arshad elected EFP vice president

Former chairman All Pakistan Textile Processing Mills Association, and Life Chairman Action Committee (Central) APTPMA, G R Arshad, has been elected Vice President Employers' Federation of Pakistan (EFP). He has been elected unanimously as Vice President
Published 15 Jan, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (January 14, 2005).

Published 15 Jan, 2005 12:00am
Punjab supplying fish seeds to all provinces

Punjab supplying fish seeds to all provinces

The Punjab Fisheries Department, on a special directive of Chief Minister Punjab, is supplying a record number of best quality fish seeds of culture-able species to Sindh, Balochistan, North West Frontier Province and Azad Jammu and Kashmir. Director Gene
Published 15 Jan, 2005 12:00am
'Government to face severe resistance in Balochistan'

'Government to face severe resistance in Balochistan'

A central leader of Jamhoori Watan Party (JWP) Abdul Rauf Sasoli has said, "We have shut the doors for negotiations because the government had betrayed the Baloch in past and it did not implement the report of dialogue committee headed by Syed Mushahid Hu
Published 15 Jan, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 14, 2005).

Published 15 Jan, 2005 12:00am
Humayun meets Arbab

Humayun meets Arbab

Federal Minister for Commerce Humayun Akhtar met Sindh Chief Minister Dr Arbab Ghulam Rahim at the Chief Minister House here on Friday. He had an exchange of views with Dr Arbab regarding forthcoming Expo-2005, the trade exhibition to be held in Karachi i
Published 15 Jan, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (January 14) and for Saturday (January 15, 2005).
Published 15 Jan, 2005 12:00am
'Sindh Madressah to be developed in accordance with its status'

'Sindh Madressah to be developed in accordance with its status'

Brigadier Zafar Iqbal (Rtd), Joint Education Advisor at the Federal Ministry of Education has said that Sindh Madressatul Islam (SMI) will be developed in accordance with its status of being the alma mater of the Founder of Pakistan Quaid-e-Azam Muhammad
Published 15 Jan, 2005 12:00am
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