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Feb 06, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-03-30
Pakistan supports one China policy

Pakistan supports one China policy

Pakistan has reassured that it would continue to support one China policy, as the two countries have always been taking identical position on regional and international issues. This was stated by Pakistan Ambassador to China Salman Bashir in an interview
Published 30 Mar, 2005 12:00am
New York cotton finishes down

New York cotton finishes down

Cotton futures settled lower on Tuesday as trade selling at the day's highs pressured prices a day after they vaulted to a nine-month peak, sources said. "There was a lack of real fund buying yesterday and there was a lack again today. The market tried to
Published 30 Mar, 2005 12:00am
London coffee rebounds

London coffee rebounds

London coffee prices ended higher on Tuesday after earlier jumping more than four percent as trade buyers resurfaced and selling dried up in a rebound from last week's heavy losses, dealers said. New York's gains in the previous session, when London tradi
Published 30 Mar, 2005 12:00am
LME metals end mixed after stalling at highs

LME metals end mixed after stalling at highs

Base metal prices settled back from the day's highs in Tuesday afternoon London Metal Exchange (LME trading, ending an inconclusive session mixed. Traders said copper and aluminium stalled near intermediate resistance, while business slowed as trade parti
Published 30 Mar, 2005 12:00am
Gold price inches higher in Europe

Gold price inches higher in Europe

Gold prices ticked up in Europe on Tuesday, with buyers encouraged by a recovering euro against the dollar, but dealers said movements would be limited as the end of the first quarter approached. Spot gold stood at $426.20/426.90 per troy ounce by 1441 GM
Published 30 Mar, 2005 12:00am
US MIDDAY: coffee weaker on producer selling

US MIDDAY: coffee weaker on producer selling

Arabica coffee futures finished a choppy session Tuesday in negative territory, with producer selling outweighing early speculative buying, traders said. "There was a little bit of spec buying early and some origin selling at the upper end of the range,"
Published 30 Mar, 2005 12:00am
US MIDDAY: cocoa firmer on consumer confidence report

US MIDDAY: cocoa firmer on consumer confidence report

New York cocoa futures edged up Tuesday, with a weak US currency attracting investor demand for the dollar-denominated commodity, traders said. The dollar slumped against sterling - the currency of cocoa futures in London - after monthly data showed Briti
Published 30 Mar, 2005 12:00am
US MIDDAY: sugar at five-month low on fund selling

US MIDDAY: sugar at five-month low on fund selling

Raw sugar futures settled close to a five-month low Tuesday on heavy fund selling, but persistent scale-down trade buying helped prevent deeper losses, dealers said. The New York Board of Trade's May raw sugar contract tumbled 0.09 cent to 8.52 cents a lb
Published 30 Mar, 2005 12:00am
US MIDDAY: wheat higher on light fund buying

US MIDDAY: wheat higher on light fund buying

Wheat futures on the Chicago Board of Trade were higher early on Tuesday, buoyed by light fund buying amid thin trade, brokers said. As of 10:45 am (1645 GMT), May wheat was up 1-1/4 cent at $3.37-1/4 per bushel, while deferred months were up 1/2 to 5 cen
Published 30 Mar, 2005 12:00am
US MIDDAY: corn turns firm on light speculative buying

US MIDDAY: corn turns firm on light speculative buying

Corn futures at the Chicago Board of Trade turned up early on Tuesday on light speculative buying, including scattered fund buying, amid firm technical signals, traders said. Corn rallied late Monday on fund short-covering after the May contract held supp
Published 30 Mar, 2005 12:00am
US MIDDAY: soya mixed in light trade

US MIDDAY: soya mixed in light trade

Soyabean futures at the Chicago Board of Trade were mixed early on Tuesday in light trade ahead of the release Thursday of March plantings and stocks data, traders said. Nearby contracts gained on deferreds amid a slowdown in farmer selling this week and
Published 30 Mar, 2005 12:00am
US MIDDAY: copper firms on fund buying

US MIDDAY: copper firms on fund buying

US copper futures raced higher early Tuesday on fund buying ahead of the quarter end, then added to gains after the declining US consumer confidence reading put pressure on the dollar, traders said. "We had some decent fund buying in here. The euro's comi
Published 30 Mar, 2005 12:00am
US MIDDAY: gold creeps up on softer currency

US MIDDAY: gold creeps up on softer currency

US gold futures stalled on slightly firmer ground early Tuesday after rising from a six-week low, tracking a rise in the euro, dealers said. April delivery gold on the New York Mercantile Exchange's COMEX division was up 40 cents at $426.40 an ounce, trad
Published 30 Mar, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (March 29) and the forecast for Wednesday (March 30, 2005).
Published 30 Mar, 2005 12:00am
Dreamworld Family Resort

Dreamworld Family Resort

Dreamworld as the name reflects, takes you away from worries, irritants and tensions of life into a world where you can relax, enjoy, get drowned in the fascinating landscape and indulge in exciting leisurely activities.
Published 30 Mar, 2005 12:00am
New York cotton

New York cotton

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

Published 30 Mar, 2005 12:00am
Plea to control diesel price hike

Plea to control diesel price hike

Association of Builders and Developers (ABAD) Chairman Babar Mirza Chughtai has urged the government to control increase in the prices of diesel. In a statement, he said the increasing trend of diesel prices would ultimately hurt present trend of progress
Published 30 Mar, 2005 12:00am
New York cotton

New York cotton

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

Published 30 Mar, 2005 12:00am
Governor and chief minister warn miscreants and strikers

Governor and chief minister warn miscreants and strikers

Sindh Governor Dr Ishratul Ibad and Chief Minister Dr Arbab Ghulam Raheem have warned that elements trying to create law and order situation and disturb peace in the province by observing strikes would have to face legal action without any discrimination.
Published 30 Mar, 2005 12:00am
Key stock market movements at 1800 GMT on March 29

Key stock market movements at 1800 GMT on March 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 Mar, 2005 12:00am
Saudi exporters feted

Saudi exporters feted

Pakistan-Poland Trade and Investment Forum President Muhammad Waseem Vohra on Tuesday hosted a lunch in the honour of visiting officials of the Saudi Export Fund here at a local club. Islamic Chamber of Commerce and Industry (ICCI)'s secretary general Aqe
Published 30 Mar, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
KPT providing 14 days free period for ATT cargo

KPT providing 14 days free period for ATT cargo

In order to facilitate Afghan Transit Trade (ATT), the Karachi Port Trust (KPT) providing 14 days free period as against seven days for normal cargo. A spokesman of KPT clarifying its position said that other facilities include: dedicated areas (covered a
Published 30 Mar, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
SAI chief urges MMA to cancel wheel-jam strike

SAI chief urges MMA to cancel wheel-jam strike

Site Association of Industry (SAI) Chairman Dr Mirza Ikhtiar Baig has urged the leaders of MMA to call off the nationwide wheel-jam strike call for April 2, 2005. In a press statement, the SAI chief said that the industrial community respects the democrat
Published 30 Mar, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (March 29) and for Wednesday (March 30, 2005).
Published 30 Mar, 2005 12:00am
KESC expresses inability to supply uninterrupted power to Site units

KESC expresses inability to supply uninterrupted power to Site units

The Karachi Electric Supply Corporation (KESC) has expressed its inability to supply uninterrupted power supply to Site industrial area and said that load shedding may be increased in ensuing summer season due to certain problems. In reply to a complaint
Published 30 Mar, 2005 12:00am
LTBA elections today

LTBA elections today

The elections of Lahore Tax Bar Association (LTBA) will be held on Wednesday (March 30) at the LTBA premises here. Rana Munir Hussain and Zahid Pervez are contesting for the office of president. Sheikh Naeem Zafar and Jamil Baig are in the run for the slo
Published 30 Mar, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Plea for sales tax exemption on old stock till December 31

Plea for sales tax exemption on old stock till December 31

The Karachi Sales Tax Bar Association (KSTBA) has suggested that the old stocks held by commercial importers since July 2004 should be exempted from sales tax by December 31. President KSTBA, Khushnood A Khan in fax to the Chairman Central Board of Revenu
Published 30 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Steps under way to curb under-invoicing, mis-declaration: CBR

Steps under way to curb under-invoicing, mis-declaration: CBR

Central Board of Revenue (CBR) Chairman Abdullah Yousaf has said that tariff rationalisation could be a rightful remedy to curb the menace of under-invoicing and mis-declaration. "The CBR is preparing a list of under-invoicing items as well as identifying
Published 30 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Saudi cinema houses

Saudi cinema houses

A news has appeared in the newspapers that the government of Saudi Arabia has given permission to establish six cinemas in the eastern province of the country. According to this news winds have changed in Saudi Arabia. In NWFP the government has banned al
Published 30 Mar, 2005 12:00am
An unpleasant episode

An unpleasant episode

The rough treatment of the police and security guards at the behest of US diplomats travelling in a convoy on Shahrah-e-Faisal in Karachi is a shameful act of illegal confinement against two respectable citizens of Pakistan. The Americans, whether they ar
Published 30 Mar, 2005 12:00am
Phone subscribers: PTA clarifies

Phone subscribers: PTA clarifies

Reference letter headlined "Agony of phone subscribers" published in the esteemed daily "Business Recorder" on March 19, 2005. It is clarified that PTA is a regulatory body entrusted to award licences for various telecom services and to implement policies
Published 30 Mar, 2005 12:00am
Madagascar's mining project draws mixed reaction

Madagascar's mining project draws mixed reaction

As his taxi winds through Taolagnaro's pot-holed dirt roads, Ebony Tsiong glances from the window at a coastal paradise of white sands and palm trees. "It is going to get better here," he says, as the car sweeps past rows of dilapidated wood-and-thatch hu
Published 30 Mar, 2005 12:00am
THE RUPEE: parity with dollar retained

THE RUPEE: parity with dollar retained

The rupee almost maintained its overnight levels versus the dollar in the interbank market for buying and selling at 59.39 and 59.41, dealers said on Tuesday. Inflows of dollars as a result of rising remittances by the overseas Pakistanis helped the rupee
Published 30 Mar, 2005 12:00am
The mystery of stock exchanges crash

The mystery of stock exchanges crash

The government, including all the top personalities, have been emphasising that the performance of Pakistan's stock exchanges is an example and measure of economic performance. For the seventh day on Friday, all bourses of Pakistan witnessed a free fall o
Published 30 Mar, 2005 12:00am
THE RUPEE: parity with dollar retained

THE RUPEE: parity with dollar retained

The rupee almost maintained its overnight levels versus the dollar in the interbank market for buying and selling at 59.39 and 59.41, dealers said on Tuesday. Inflows of dollars as a result of rising remittances by the overseas Pakistanis helped the rupee
Published 30 Mar, 2005 12:00am
Cleaning up the housing sector

Cleaning up the housing sector

Acting on a government reference, the Law and Justice Commission of Pakistan met last week in Islamabad to examine the problems of intimidation and fraud in the house construction sector. It recommended several amendments to the Pakistan Penal Code, inclu
Published 30 Mar, 2005 12:00am
Textile Spinning: SHADAB TEXTILE MILLS LIMITED - Year Ended 30-09-2004

Textile Spinning: SHADAB TEXTILE MILLS LIMITED - Year Ended 30-09-2004

During the year under review, the financial health of the company remained robust as evidenced from its solvency and liquidity ratios. The liquidity ratio reached the benchmark ratio of "one" and both receivables and inventory levels have been optimised a
Published 30 Mar, 2005 12:00am
F-16s welcome, but no reason for unqualified optimism

F-16s welcome, but no reason for unqualified optimism

The announcement of the sale of F-16s to Pakistan by the United States, after more than two decades when it embargoed not only further sale but also stopped delivery of such aircraft for which Pakistan had already made payment, has been welcomed by Islama
Published 30 Mar, 2005 12:00am
Textile Spinning: SHADAB TEXTILE MILLS LIMITED - Year Ended 30-09-2004

Textile Spinning: SHADAB TEXTILE MILLS LIMITED - Year Ended 30-09-2004

During the year under review, the financial health of the company remained robust as evidenced from its solvency and liquidity ratios. The liquidity ratio reached the benchmark ratio of "one" and both receivables and inventory levels have been optimised a
Published 30 Mar, 2005 12:00am
MMA wants Sami to resign from Senate and quit party

MMA wants Sami to resign from Senate and quit party

Maulana Sami-ul-Haq should resign from the Senate and the Vice-Presidentship of Muttahida Majlis-i-Amal if he had differences with MMA leadership. Differences developed since he accepted the chairmanship of standing committee of senate and his son was app
Published 30 Mar, 2005 12:00am
Power companies urged to cut system losses

Power companies urged to cut system losses

Wapda Chairman Tariq Hamid has urged the power companies to lay more emphasis on efforts for reducing the system losses. He expressed these views while presiding over a performance review meeting of the Power Wing here on Tuesday. He asked the Chief Execu
Published 30 Mar, 2005 12:00am
Chief minister reneges on promise to set up colleges in Multan

Chief minister reneges on promise to set up colleges in Multan

Member Provincial Assembly Dr Javed Siddiqui of PPPP has said that though Punjab Chief Minister Chaudhry Pervaiz Elahi has made announcement that equal status would be given to southern Punjab to bring it at par with the developed cities of Punjab, no act
Published 30 Mar, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Seminar on Islamic financing

Seminar on Islamic financing

The Export Promotion Bureau (EPB) will organise a seminar on Islamic Modes of Financing here on Wednesday, April 06. EPB Director Muhammad Iqbal said here on Tuesday that that seminar would be the fourth seminar of the series. Giving details of the Islami
Published 30 Mar, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
'Steps taken to improve Sociology curriculum'

'Steps taken to improve Sociology curriculum'

The Higher Education Commission (HEC) has taken steps to improve the curriculum of Sociology being taught at Universities of Pakistan, said the HEC press release issued here on Tuesday. In this connection, a meeting of National Curriculum Revision Committ
Published 30 Mar, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Fee structure in private universities won't be touched: Atta

Fee structure in private universities won't be touched: Atta

Higher Education Commission (HEC) Chairman Professor Dr Atta-ur-Rahman on Tuesday assured Karachi University Teachers Society (KUTS) that fee-structure of public sector universities all over the country would not be touched and there would be no increase
Published 30 Mar, 2005 12:00am
Comsats for enriched ties among members

Comsats for enriched ties among members

The Co-ordinating Council of Commission on Science and Technology for Sustainable Development in the South (Comsats) has urged more efforts to further enrich the areas of co-operation among the member centres. "The joint and collaborative efforts are requ
Published 30 Mar, 2005 12:00am
Agriculture sector has high investment potential: Jatoi

Agriculture sector has high investment potential: Jatoi

Sindh advisor for Food and Agriculture, Murtaza Jatoi has said that vast opportunities exist for foreign investors to invest in the agriculture sector of the province. Visiting the Agro and Food Asia stalls at ITIF-2005 here on Monday, he observed that su
Published 30 Mar, 2005 12:00am
Chinese youth team arriving on Friday

Chinese youth team arriving on Friday

A 100-member Chinese youth delegation is arriving Islamabad on Friday on a goodwill visit. The visit is being held on reciprocal basis, under a cultural exchange programme. A delegation of Pakistani youths had visited China last year. The eight-day tour o
Published 30 Mar, 2005 12:00am
World's shortest woman gets taller

World's shortest woman gets taller

Zhu Haizhen, listed in the Guinness World Records as the world's shortest female grown-up, has grown four centimetres taller after two months of treatment. Born in October 1984 in Gao'an, a city in east China's Jiangxi Province, Zhu was confirmed as "the
Published 30 Mar, 2005 12:00am
Top seed Federer hangs on for Key Biscayne win

Top seed Federer hangs on for Key Biscayne win

Tennis superman Roger Federer looked like a mere mortal on Monday, but Switzerland's world number one still found a way to claim a three-set victory over Mariano Zabaleta in the third round of the ATP Masters Series tournament at Key Biscayne. Federer won
Published 30 Mar, 2005 12:00am
Pakistan go on rampage against South Korea

Pakistan go on rampage against South Korea

Pakistan thrashed South Korea 5-2 for their first win in six-nation Junior Invitational Hockey Tournament here on Monday, which will be remembered more for the first red card of the tournament. Korean Yoo Min-ho was sent off in the 44th minute for hitting
Published 30 Mar, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Mar, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Adequate utilities to industrial areas assured

Adequate utilities to industrial areas assured

Adviser to the Prime Minister on Finance and Revenue Dr Salman Shah on Tuesday said the development of infrastructure and providing adequate utilities and services to the industrial areas are priority of the government to attain a higher growth rate and i
Published 30 Mar, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 30 Mar, 2005 12:00am
'Muslim states want UN to have justice based system'

'Muslim states want UN to have justice based system'

Pakistan's permanent representative in the United Nations Masood Khan Tuesday has said that Muslim nations are of the opinion that the existing Human Rights Machinery of the United Nations had been trying to target only the Muslims and the people of devel
Published 30 Mar, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Jadoon addresses CBST oil & gas moot in Ankara

Jadoon addresses CBST oil & gas moot in Ankara

The government has taken a conscious decision to use and maintain natural gas as one of the primary fuels for future development of industry and power sector over the next 20 years followed by hydel and coal sources. Federal Minister for Petroleum and Nat
Published 30 Mar, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Mar, 2005 12:00am
Cell phone industry rapidly expanding: Leghari

Cell phone industry rapidly expanding: Leghari

Federal Minister for Information Technology Awais Leghari has said Cell phone industry is rapidly expanding in Pakistan and has the cheapest rates in the region. Due to investment in the infrastructure, people are ready to expand IT services. The United S
Published 30 Mar, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Mar, 2005 12:00am
AJK leader terms bus service positive step

AJK leader terms bus service positive step

Former AJK President and Chief of Pakistan Muslim League AJK Major General Muhammad Hayyat Khan (Retd) lauding the Kashmir policy of President Musharraf termed it according to the wishes of Kashmiri people. Addressing a press conference at the state guest
Published 30 Mar, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Mar, 2005 12:00am
World community urged to help resolve Kashmir issue

World community urged to help resolve Kashmir issue

Leader of the opposition in AJK Legislative Assembly Sultan Mahmood Chaudhry urged the international community to exert pressure India to resolve the Kashmir issue peacefully in accordance with the United Nations Security Council resolutions. Talking to A
Published 30 Mar, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Mar, 2005 12:00am
PHF pick 123 probables for academy

PHF pick 123 probables for academy

Pakistan Hockey Federation (PHF) selectors have picked 123-probables after two-day preliminary trials for the federations's proposed academy. According to a PHF news release issued on Tuesday final rounds of two-day trials will be held at Hockey Club of P
Published 30 Mar, 2005 12:00am
Ponting leads from front as Aussies trounce Kiwis

Ponting leads from front as Aussies trounce Kiwis

Australia completed their rout of New Zealand with an emphatic nine-wicket win in the third cricket Test with a day to spare here on Tuesday, comfortably wrapping up the series 2-0.
Published 30 Mar, 2005 12:00am
Funk captures Players Championship

Funk captures Players Championship

Hometown hero Fred Funk grinded through brisk winds, damp grounds and the toughest scoring conditions ever here on Monday to win the storm-plagued US PGA Players Championship by one stroke. Officials declared the eight million-dollar event would be played
Published 30 Mar, 2005 12:00am
Nadra to receive 50 millionth application this year

Nadra to receive 50 millionth application this year

With average receipt of around 35,000 applications per day for Computerised National Identity Cards (CNICs), Nadra has so far received 45.71 million applications till March 20, and the total figure is likely to cross the mark of 50 millionth application l
Published 30 Mar, 2005 12:00am
Mehdi Hassan's condition improves

Mehdi Hassan's condition improves

The condition of Ghazal maestro Mehdi Hassan is improving after his treatment in India through the traditional medicinal system Ayurveda. Mehdi Hassan has completed three weeks' treatment in India for his knee and heart ailment, his family members said. H
Published 30 Mar, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 29, 2005).

Published 30 Mar, 2005 12:00am
Bangalore Test success will lift Pakistan's cricket: Woolmer

Bangalore Test success will lift Pakistan's cricket: Woolmer

Pakistan coach Bob Woolmer said on Tuesday his team's comprehensive win in the third and final Test against India will propel the side to new heights. "This fantastic win will lift the team like nothing else can," Woolmer said a day after Pakistan defeate
Published 30 Mar, 2005 12:00am
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