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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-03-20
US Treasuries decline as Fed moot looms

US Treasuries decline as Fed moot looms

US Treasury debt fell on Friday as an easing of credit quality worries cut short this week's rally and allowed inflation fears to creep up again. With the next Federal Reserve meeting only two trading days away, investors went back to fretting over just w
Published 20 Mar, 2005 12:00am
Comprehensive plan soon to check hepatitis

Comprehensive plan soon to check hepatitis

Provincial Minister for Health, Dr Tahir Ali Javed has said that the government is formulating an integrated and comprehensive plan to overcome Hepatitis in the province, whereas the legislative process for the eradication of factors involved in spreading
Published 20 Mar, 2005 12:00am
NWFP transporters team meets Punjab chief minister

NWFP transporters team meets Punjab chief minister

Information Minister Sheikh Rasheed Ahmed, accompanied by an 8-member delegation of Sarhad Transporters Confederation led by its president Zahir Shah Yusufzai, called on Punjab Chief Minister Chaudhry Pervaiz Elahi here on Saturday. The minister and deleg
Published 20 Mar, 2005 12:00am
Shaukat condoles death of Tareen's father

Shaukat condoles death of Tareen's father

Prime Minister Shaukat Aziz, who arrived here on Saturday on a short visit, held a meeting with Punjab Chief Minister Chaudhry Pervaiz Elahi at his residence and discussed with him ongoing developmental projects in the province. The Prime Minister express
Published 20 Mar, 2005 12:00am
Sikh-Muslim unity need of the hour: Lodhi

Sikh-Muslim unity need of the hour: Lodhi

Punjab Population Welfare Minister, Nasim Lodhi bade farewell to a 20-member delegation of Sikhs from Germany, Canada, England, America and other countries, who attended Sikh-Muslim Friendship Conference, at Wagah border here on Saturday. Talking to the d
Published 20 Mar, 2005 12:00am
LCCI lauds government's business-friendly policies

LCCI lauds government's business-friendly policies

Pakistan is well on economic way and the credit for the economic turnaround goes to the business-friendly policies of the present government and if the same situation continued for a few more years the country would be standing tall in the region. Lahore
Published 20 Mar, 2005 12:00am
Chemical and dyes: India may initiate joint venture with Pakistan

Chemical and dyes: India may initiate joint venture with Pakistan

The Indian government may allow its businessmen, engaged in manufacturing of chemical and dyes, to initiate joint ventures with Pakistani businessmen. In this regard, India has submitted a formal proposal. Satish W. Wagh, Chairman Basic Chemicals, Pharmac
Published 20 Mar, 2005 12:00am
UHS to install cameras in exam centres

UHS to install cameras in exam centres

The University of Health Sciences (UHS) Lahore, taking yet another initiative, is going to install finger print scanners, optical mark readers and internet protocol cameras in its examination centres and secrecy department to make the process of examinati
Published 20 Mar, 2005 12:00am
HEC to hold students convention in April

HEC to hold students convention in April

The Higher Education Commission (HEC) will hold 'Second Students Convention' in co-operation with the Federal Directorate of Education from April 7 to 9. Chairman Higher Education Commission, Dr Atta-ur-Rehman, will inaugurate the Convention and President
Published 20 Mar, 2005 12:00am
Paris pact moot from March 21

Paris pact moot from March 21

The Anti-Narcotics Force (ANF) will organise a "Paris Pact Expert Roundtable Conference" here from March 21 to 22 to discuss the current situation prevailing in the world. Federal Narcotics Control Minister Ghous Bux Khan Maher will inaugurate a two-day c
Published 20 Mar, 2005 12:00am
Government to solve Balochistan issue through dialogue

Government to solve Balochistan issue through dialogue

Federal Information Minister Sheikh Rashid Ahmad reiterated the Government's endeavour to settle issues relating to Balochistan through dialogues and stated categorically that no military operation was being carried out in the province. Addressing a press
Published 20 Mar, 2005 12:00am
Punjab inter-district Kabaddi championship inaugurated

Punjab inter-district Kabaddi championship inaugurated

A five day Punjab inter-district Kabaddi Punjab Kabaddi championship 2005 began here at Jinnah stadium on Saturday. About 28 Kabaddi teams from various districts of the province were participating in the championship. In first match of the championship wa
Published 20 Mar, 2005 12:00am
A welcome legislation

A welcome legislation

The smooth approval the National Assembly accorded to the Export Development Fund (Amendment) Bill, 2005, on March 18, with no resistance from the Opposition, should mean happy augury for streamlining of the rules and procedures to ensure transfer of the
Published 20 Mar, 2005 12:00am
Need to ensure purposeful education

Need to ensure purposeful education

Addressing the prize distribution ceremony of the Government Postgraduate Women's Degree College, Rawalpindi, on March 16, Federal Information and Broadcasting Minister Sheikh Rashid Ahmed, stressed the need of vigorous promotion of education, saying it w
Published 20 Mar, 2005 12:00am
Minimizing S.T. fraud through desk audit

Minimizing S.T. fraud through desk audit

According to section 2(37), of the Sales Tax Act 1990: "Tax fraud" means knowingly, dishonestly or fraudulently and without any lawful excuse (burden of proof of which excuse shall be upon the accused).
Published 20 Mar, 2005 12:00am
Taiwan, China forging closer cultural links

Taiwan, China forging closer cultural links

Political relations between Taiwan and China are in decline, but culturally the two are forging closer links with the Chinese books following the success of its television dramas and pop music on the island. The Shanghai Bookstore opened in Taipei last mo
Published 20 Mar, 2005 12:00am
Pakistan Steel for increase of tariff on steel billets

Pakistan Steel for increase of tariff on steel billets

The members of this association were surprised to see a news item captioned "CBR urged to revive old steel billets, bars tariff" which appeared in the daily "Business Recorder" of 12/3/2005.
Published 20 Mar, 2005 12:00am
Stock market boom

Stock market boom

Karachi stock market crossed over previous (1995) highest index mark of 4661 and reached an incredible level of over 10,000 points recently. The Index depicts the true picture of the market as it has been composed under strict vigilance and control of the
Published 20 Mar, 2005 12:00am
'Chinese will prefer to invest in Karachi'

'Chinese will prefer to invest in Karachi'

All China Enterprises Confederation President and leader of Chinese trade delegation Chen Junhua has said that Chinese would prefer to make investment in Karachi. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Saturday, he sai
Published 20 Mar, 2005 12:00am
Massive expansion of textile units under way: minister

Massive expansion of textile units under way: minister

Textile Industry Minister Mushtaq Ali Cheema has said that 90 percent medium and large scale textile units are in expansion phase, which is a record for Pakistan. Speaking at a press conference in connection with a three-day Textile Asia-2005 Exhibition,
Published 20 Mar, 2005 12:00am
QICT urged to allow importers to pay dues at city terminal

QICT urged to allow importers to pay dues at city terminal

The Ports and Multi-modal Transport Committee of the Karachi Chamber of Commerce and Industry (KCCI) has urged the Qasim International Container Terminal (QICT) management to allow importers to pay their dues at the terminal's head office in the city. The
Published 20 Mar, 2005 12:00am
Minister hopes Pakistan Steel sell-off to fetch high offers

Minister hopes Pakistan Steel sell-off to fetch high offers

Federal Privatisation and Investment Minister Dr Abdul Hafeez Shaikh has said that from all aspects this is appropriate time for privatisation of Pakistan Steel (PS) as it would be able to fetch highly lucrative offers. During his visit to Pakistan Steel
Published 20 Mar, 2005 12:00am
PQA urged to meet port bills issuance timeframe

PQA urged to meet port bills issuance timeframe

The Pakistan Ship Agents Association (PSAA) has urged the Port Qasim Authority (PQA) to issue port dues bills within 21 days as agreed in a meeting with the Secretary Communications. The PSAA Hon. Secretary Mohammad A Rajpar in a letter to Secretary Ports
Published 20 Mar, 2005 12:00am
P@SHA plans to increase interaction with students, institutes

P@SHA plans to increase interaction with students, institutes

Pakistan Software Houses Association (P@SHA) has planned to increase interaction with students and their institutions to help introducing technological advancement in international and regional markets. In this connection, P@SHA will organise 'Information
Published 20 Mar, 2005 12:00am
Three Iraqi cops killed in bomb blast

Three Iraqi cops killed in bomb blast

Three Iraqi police were killed and seven wounded in a bomb blast in the tense northern oil centre of Kirkuk Saturday as they buried a colleague killed the previous day, the city's police chief said. In another report, an unknown group said it had kidnappe
Published 20 Mar, 2005 12:00am
Bollywood actress appeals for asylum in Portugal

Bollywood actress appeals for asylum in Portugal

Bollywood actress Monica Bedi, who was detained in Portugal in 2002 for using a fake passport, appealed Saturday for the right to asylum in Portugal, saying in a newspaper interview that she fears she will be tortured if returned to her native India. "I w
Published 20 Mar, 2005 12:00am
Bush defends war order

Bush defends war order

President George W. Bush on Saturday defended his decision to order the invasion of Iraq two years ago, hailing the campaign as a landmark event in the history of freedom. Though the invasion that started on March 20, 2003, remains controversial, Bush ins
Published 20 Mar, 2005 12:00am
United States 'unambiguously' supports Japan on UNSC: Rice

United States 'unambiguously' supports Japan on UNSC: Rice

Secretary of State Condoleezza Rice said Saturday that the United States unequivocally supported its close ally Japan's bid to secure a permanent seat on the UN Security Council. "Japan has earned its honourable place among the nations of the world by its
Published 20 Mar, 2005 12:00am
Thousands rally in Tel Aviv

Thousands rally in Tel Aviv

Thousands of Israelis headed for central Tel Aviv late Saturday to participate in a massive rally in support of the planned Israeli withdrawal from the Gaza Strip later this year. The demonstration, which was to include a march through the streets of Isra
Published 20 Mar, 2005 12:00am
Putin in Ukraine for first time since 'orange revolution'

Putin in Ukraine for first time since 'orange revolution'

Russian President Vladimir Putin met with Ukraine's leader Viktor Yushchenko in Kiev Saturday in a bid to define the two nations' new relationship after last year's "orange revolution" that turned Kiev away from Moscow and toward the West. "We have much t
Published 20 Mar, 2005 12:00am
Colombia central bank completes sale of $1 billion

Colombia central bank completes sale of $1 billion

Colombia's central bank on Friday sold $250 million in international reserves to the government, bringing to $1 billion the total bought so far by the Finance Ministry to go toward prepaying foreign debt. Colombia on Friday said it will prepay a $1.25 bil
Published 20 Mar, 2005 12:00am
Brazilian currency gains

Brazilian currency gains

Brazilian currency gained on Friday after rallying in the previous session on heavy dollar inflows, while stocks fell before options expire on key shares on Monday. The real strengthened 0.22 percent to 2.714 reais a dollar, while the Bovespa index of the
Published 20 Mar, 2005 12:00am
Australian dollar may rise

Australian dollar may rise

Currency speculators in the Chicago futures market grew more bullish on the Australian dollar in the week ending March 15, data from the Commodity Futures Trading Commission showed on Friday. According to the International Monetary Market futures data fro
Published 20 Mar, 2005 12:00am
Cuba revalues peso against dollar

Cuba revalues peso against dollar

The Cuban Central Bank increased the value of the peso against the US dollar by seven percent, the first movement in the exchange rate since it was frozen in 2001 after falling 21 percent. Cuban President Fidel Castro announced the revaluation to 24/25 (b
Published 20 Mar, 2005 12:00am
Dollar gains in New York as market eyes Fed, mulls rates

Dollar gains in New York as market eyes Fed, mulls rates

The dollar rose against the euro and yen on Friday to its highest in a week as investors wagered the US currency's month-long slide might have gone too far and looked to a possible dollar-boosting interest rate hike next week. Markets have already priced
Published 20 Mar, 2005 12:00am
Canadian dollar eases

Canadian dollar eases

The Canadian dollar slipped against a generally sturdier US currency as investors opted to overlook minor data releases in favour of readying for next week's central bank events. Bonds were little changed with a negative bias.
Published 20 Mar, 2005 12:00am
Dyes prices move both ways

Dyes prices move both ways

The trading on dyes side moved both ways here on Jodia Bazar on Saturday.
Published 20 Mar, 2005 12:00am
Ukraine cuts sunoil exports in February

Ukraine cuts sunoil exports in February

Ukraine cut its sunflower oil exports to 42,200 tonnes in February from 74,500 in January and 65,700 in December, analysts said on Friday. Analysts from the ProAgro agricultural consultancy said, quoting preliminary official data, that Ukraine exported su
Published 20 Mar, 2005 12:00am
Cotton prices higher due to tight supply

Cotton prices higher due to tight supply

Upward trend was witnessed on the local cotton market on Saturday as spinners played an active role to meet the near terms requirements, dealers said. The official spot rates were higher by Rs 25 to Rs 2275, without upcountry expenses. Phutti was not avai
Published 20 Mar, 2005 12:00am
CBOT wheat futures down

CBOT wheat futures down

Wheat futures at the Chicago Board of Trade closed lower on Friday on a setback after a recent wave of buying by managed funds boosted the market to 9-1/2 month highs, traders said. CBOT wheat closed 3 to 10 cents per bushel lower. May was down 10 at $3.5
Published 20 Mar, 2005 12:00am
China should review export and investment policy

China should review export and investment policy

China should phase out policies aimed at boosting exports and drawing foreign investment because strong inflows of foreign currency are roiling the economy, a top economic official on Saturday was quoted as saying. "Indiscriminate support of exports and f
Published 20 Mar, 2005 12:00am
Agence France Presse sues over Google news

Agence France Presse sues over Google news

Agence France Presse has sued Google Inc, alleging the Web search leader includes AFP's photos, news headlines and stories on its news site without permission. The French news service is seeking damages of at least $17.5 million and an order barring Googl
Published 20 Mar, 2005 12:00am
Thousands march against EU trade liberalisation measure

Thousands march against EU trade liberalisation measure

Tens of thousands of demonstrators marched in Brussels Saturday against a proposed European Union directive to open up public service markets, which unions said will drive down social and labour standards and threaten jobs. John Monks, secretary general o
Published 20 Mar, 2005 12:00am
Japan rebuffs Rice pressure to resume beef imports immediately

Japan rebuffs Rice pressure to resume beef imports immediately

Japan on Saturday refused to say when it would buy US beef again after Secretary of State Condoleezza Rice made a personal appeal for it to resume imports stopped over fears of mad cow disease. Japanese Foreign Minister Nobutaka Machimura said after talks
Published 20 Mar, 2005 12:00am
BoJ keen to return to normal policy

BoJ keen to return to normal policy

Bank of Japan Governor Toshihiko Fukui said on Saturday the bank was keen to return to a conventional interest rate policy but that more time was needed before its "quantitative easing" policy could be ended. While the BoJ is under persistent pressure to
Published 20 Mar, 2005 12:00am
WorldCom directors to pay personally

WorldCom directors to pay personally

Eleven former directors of WorldCom will pay more than $55 million, almost half from their own pockets, to settle a lawsuit alleging the company lied about its finances before selling bonds, a spokesman for New York Comptroller Alan Hevesi said on Friday.
Published 20 Mar, 2005 12:00am
Ukraine faces test with revised budget after binge

Ukraine faces test with revised budget after binge

Ukrainian President Yictor Yushchenko's new administration unveils a revised 2005 budget on Saturday designed to rein in his predecessor's excesses without upsetting voters a year ahead of a key parliamentary election. Two months after taking power, the g
Published 20 Mar, 2005 12:00am
EU regrets US 'unilateral' action in Airbus-Boeing row

EU regrets US 'unilateral' action in Airbus-Boeing row

The European Union on Saturday accused the United States of unilaterally breaking off transatlantic talks on subsidies to aircraft makers Airbus and Boeing. "I regret this unilateral action in breaking off the negotiations," EU Commerce Commissioner Peter
Published 20 Mar, 2005 12:00am
Riyadh licenses investments worth $5.49 billion last month

Riyadh licenses investments worth $5.49 billion last month

Saudi Arabia has issued licenses to 90 international and domestic ventures worth 20.6 billion riyals ($5.49 billion) in the last month, state investment body, SAGIA, said on Saturday. It said in a statement several leading global firms were granted licens
Published 20 Mar, 2005 12:00am
Wolfowitz says he won't impose US agenda on World Bank

Wolfowitz says he won't impose US agenda on World Bank

After helping lead the United States to war in Afghanistan and Iraq, Paul Wolfowitz is fighting a different kind of fight - to secure approval as the next World Bank president by portraying himself as a consensus builder. From his spacious but cluttered o
Published 20 Mar, 2005 12:00am
US hedge funds eye loophole to avoid registering

US hedge funds eye loophole to avoid registering

Time is ticking away for US hedge funds to prepare for their first-ever government regulation, but lawyers and managers say that many are spending hours working on ways to escape the additional scrutiny. Beginning next year, thousands of the now loosely r
Published 20 Mar, 2005 12:00am
US hedge funds eye loophole to avoid registering

US hedge funds eye loophole to avoid registering

Time is ticking away for US hedge funds to prepare for their first-ever government regulation, but lawyers and managers say that many are spending hours working on ways to escape the additional scrutiny. Beginning next year, thousands of the now loosely r
Published 20 Mar, 2005 12:00am
More Ethiopians to require food aid: US

More Ethiopians to require food aid: US

The United States estimates that more Ethiopians will need food aid this year than the 2.2 million the Ethiopian government said in an aid appeal, a US humanitarian affairs official said. The Ethiopian government said in December that 2.2 million people w
Published 20 Mar, 2005 12:00am
Dow inches up, Nasdaq finishes at 2005 low on witch day

Dow inches up, Nasdaq finishes at 2005 low on witch day

US blue chip stocks ended a touch ahead on Friday but the Nasdaq closed at a 2005 low, capping a choppy session as the long-awaited rebalancing of the Standard & Poor's index was combined with quarterly options expiration. Meanwhile, investors worried abo
Published 20 Mar, 2005 12:00am
Argentine stocks rise

Argentine stocks rise

Argentine stocks inched upward on Friday for the fourth straight session, shrugging off an upturn in US Treasury yields that is seen as dulling the allure of emerging markets, traders said. The MerVal index of the 12 leading stocks closed 0.36 percent hig
Published 20 Mar, 2005 12:00am
Brazilian stocks fall

Brazilian stocks fall

The Bovespa index of the Sao Paulo Stock Exchange fell 1.75 percent to 27,593 points on Friday. The stocks fell on a weak performance by Wall Street stocks and options expiring on Monday on shares of bellwether Tele Norte Leste Participacoes and other sto
Published 20 Mar, 2005 12:00am
US Treasuries decline as Fed moot looms

US Treasuries decline as Fed moot looms

US Treasury debt fell on Friday as an easing of credit quality worries cut short this week's rally and allowed inflation fears to creep up again. With the next Federal Reserve meeting only two trading days away, investors went back to fretting over just w
Published 20 Mar, 2005 12:00am
Afridi launches Pakistan's move to go for stiff target

Afridi launches Pakistan's move to go for stiff target

Pakistan made a bold attempt to chase a stiff 422-run target for victory in the second Test against an India inspired by Rahul Dravid at the Eden Gardens here on Saturday. Shahid Afridi smashed a run-a-ball 59 and Taufeeq Umar an unbeaten 29 as Pakistan r
Published 20 Mar, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 19, 2005).
Published 20 Mar, 2005 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 20 Mar, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 20 Mar, 2005 12:00am
Brazilian sugar vessels line-up rises to 37

Brazilian sugar vessels line-up rises to 37

The lineup of vessels waiting to load sugar in Brazil's ports climbed to 37 from 32 last week, shipping agent Williams said on Thursday. It said in a weekly report that 22 vessels were lined up in the southern port of Santos, slightly up from 20 last week
Published 20 Mar, 2005 12:00am
Singapore bunker fuel prices stable

Singapore bunker fuel prices stable

Singapore bunker prices were stable on Friday, as fuel oil cargo levels slipped marginally. Prices for 380-cst bunker fuel were pegged at $234-$236 a tonne, unchanged from Thursday, with the differential to cargo prices at parity. "The market remains quie
Published 20 Mar, 2005 12:00am
Hong Kong sea container traffic up

Hong Kong sea container traffic up

Sea container traffic through Hong Kong, the world's busiest container port, rose 2.6 percent in February from a year earlier, and throughput at its main facilities in Kwai Chung surged 18.9 percent after price cuts. Hong Kong moved a total of 1.58 millio
Published 20 Mar, 2005 12:00am
Malaysia steps up patrols in Malacca Strait

Malaysia steps up patrols in Malacca Strait

Malaysia vowed on Thursday to do its best to stamp out pirate attacks in the Malacca Strait and urged Indonesia to crack down on raiders in its own waters. Pirates have attacked three vessels in two weeks in one of the world's busiest sea lanes, alarming
Published 20 Mar, 2005 12:00am
Asian freight rates firmer on Atlantic activity

Asian freight rates firmer on Atlantic activity

Asian shipping rates were a shade firmer this week, buoyed by gains in the Atlantic market on the back of a pickup in shipments of minerals and new crops from South America to Europe, brokers said on Tuesday. Panamax dry bulk rates for the benchmark US Gu
Published 20 Mar, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 90,804 tonnes of cargo including 74,160 tonnes import and 16,644 tonnes export cargo inclusive of 2,933 containers, during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 56,304 tonnes dry cargo including 28
Published 20 Mar, 2005 12:00am
International Textile Asia 2005 Exhibition

International Textile Asia 2005 Exhibition

International Textile Asia 2005 Exhibition and 2nd International Textile and Garment Machinery Show is being organised by the Ministry of Textile Industry, Ministry of Privatisation and Export Promotion Bureau in collaboration with E-commerce Gateway, Sin
Published 20 Mar, 2005 12:00am
Message from President, E-commerce Gateway Pakistan (Pvt) Limited

Message from President, E-commerce Gateway Pakistan (Pvt) Limited

First of all, I would like to think God, Almighty for He has given us the strength to contribute our penny worth for this beloved country through organisation of international events such as Textile Asia, for the 2nd successive year. Last year Textile Asi
Published 20 Mar, 2005 12:00am
Message from Federal Minister for Textile Industry

Message from Federal Minister for Textile Industry

I feel great pleasure to bring you all, Textile Asia 2005 Exhibition, 2nd Textile and Garments Machinery Show encompassing an International Fashion Show to portray the rising image of Pakistan. The main idea is to promote and enhance our trade with the re
Published 20 Mar, 2005 12:00am
Message from Sindh chief minister

Message from Sindh chief minister

I am delighted to see Textile Asia 2005 is being organised for the second successive year in the city of lights, Karachi, which is the regional business and industrial hub and offers the right combination of amenities and infrastructure to organise such m
Published 20 Mar, 2005 12:00am
Message from Sindh governor

Message from Sindh governor

I am pleased to see Textile Asia 2005 is being organised once again this year in the city of Karachi. Pakistan, Alhamdolillah produces some of the world's finest textile and garment products, which we need to display to let everyone know and eliminate an
Published 20 Mar, 2005 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

I am extremely happy to witness that today the textile sector in Pakistan is one a new horizon of evolution through public-private partnership and adoption of modern techniques and latest machinery. The overall growth of Pakistan's economy has drawn the a
Published 20 Mar, 2005 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

I compliment the Ministry of Privatisation, Ministry of Textile Industry and E-commerce Gateway Singapore for organising the Textile Asia 2005 Exhibition and extend my heartiest greetings and best wishes to them. I am pleased to see that Pakistan is makin
Published 20 Mar, 2005 12:00am
Former champs Clijsters, Davenport to clash in final

Former champs Clijsters, Davenport to clash in final

Lindsay Davenport routed the reigning Wimbledon champ, while Kim Clijsters took no prisoners as the two former champions advanced to the final of the Indian Wells WTA/ATP Masters Series event. Clijsters continued her remarkable comeback on Friday, beating
Published 20 Mar, 2005 12:00am
Tour de Pakistan

Tour de Pakistan

Muhammad Asif of Pakistan Railways secured the Yellow Jersey in stage eight of the 12th Tour de Pakistan International Cycle Race reaching Lahore ahead of 50 other riders. He completed the 160km distance from Sahiwal to Lahore in 4 hours, 59 minutes and 2
Published 20 Mar, 2005 12:00am
Martin's century puts Aussies on track against Kiwis

Martin's century puts Aussies on track against Kiwis

Damien Martyn scored his 12th Test century as he went on a batting rampage with Adam Gilchrist to put Australia at a strong 337 for five at stumps on the second day of the second cricket Test against New Zealand here on Saturday. In an unbroken 90-run par
Published 20 Mar, 2005 12:00am
US corporate bonds spread stabilise; GM ends mixed

US corporate bonds spread stabilise; GM ends mixed

US corporate bond spreads ended mostly unchanged on Friday after two days of widening on fears General Motors Corp debt would be cut to junk. GM bonds ended widely mixed on Friday as bottom-feeding boosted some maturities while selling pressure remained t
Published 20 Mar, 2005 12:00am
American credit market outlook

American credit market outlook

Neiman Marcus Group is considering selling itself, in a move that some investors fear could be disastrous for the company's credit quality. But investors positioning for potential deterioration should take only small positions, because there's a solid cha
Published 20 Mar, 2005 12:00am
Toronto stocks drop as energy shares retreat

Toronto stocks drop as energy shares retreat

Toronto stocks capped a winning week with a slightly lower close on Friday as energy issues handed back a small portion of their recent gains. The Toronto Stock Exchange's key S&P/TSX composite index fell 23.51 points, or 0.24 percent, to 9,754.69. For th
Published 20 Mar, 2005 12:00am
US corporate bonds spread stabilise; GM ends mixed

US corporate bonds spread stabilise; GM ends mixed

US corporate bond spreads ended mostly unchanged on Friday after two days of widening on fears General Motors Corp debt would be cut to junk. GM bonds ended widely mixed on Friday as bottom-feeding boosted some maturities while selling pressure remained t
Published 20 Mar, 2005 12:00am
Oil prices rocket to record high near 58 dollars

Oil prices rocket to record high near 58 dollars

World oil prices soared last week to record high points, nearing 58 dollars per barrel in New York, underpinned by robust global demand as traders shrugged off a move by Opec to hike its output quota. Copper futures jumped to the highest level for more th
Published 20 Mar, 2005 12:00am
Sugar settles easier in New York

Sugar settles easier in New York

Raw sugar futures closed easier on Friday on speculative sales, with the market seen staying in a range for the meantime going into next week, analysts said. The New York Board of Trade's May raw sugar contract fell 0.09 cent to end at 9.03 cents a lb., d
Published 20 Mar, 2005 12:00am
American credit market outlook

American credit market outlook

Neiman Marcus Group is considering selling itself, in a move that some investors fear could be disastrous for the company's credit quality. But investors positioning for potential deterioration should take only small positions, because there's a solid cha
Published 20 Mar, 2005 12:00am
Chile stocks at record high on CAP and retailers

Chile stocks at record high on CAP and retailers

Chilean stocks rose to a new record high close on Friday as the retail sector sizzled and shares in steelmaker CAP scaled higher. The IPSA index of 40 leading shares rose 0.69 percent to 1,936.29 points, the highest close ever, while the broader IGPA inde
Published 20 Mar, 2005 12:00am
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