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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-03
Steel mills privatisation by December 31

Steel mills privatisation by December 31

Privatisation of the Pakistan Steel Mills (PSM) will be completed by December 31, this year, while the government has appointed a financial adviser to assess the worth of the organisation. This was stated by the PSM Chairman, Lieutenant General Abdul Qayy
Published 03 Jun, 2005 12:00am
PIA announces one-time 10 percent cut on international routes

PIA announces one-time 10 percent cut on international routes

The Pakistan International Airlines (PIA) has announced a one time 10 percent reduction in fares for about a dozen international destinations on its network. Those fares would be available only for a limited period of 25 days ie between June 6 and June 30
Published 03 Jun, 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 03 Jun, 2005 12:00am
Rangers deployed to check water theft

Rangers deployed to check water theft

Pakistan Rangers (Sindh) have been deployed to start checking of modules in the wake of growers'' complaints about non-availability of water at tail ends, mainly due to water theft. Sindh Minister for Irrigation and Power Nadir Akmal Khan Leghari stated t
Published 03 Jun, 2005 12:00am
Rangers deployed to check water theft

Rangers deployed to check water theft

Pakistan Rangers (Sindh) have been deployed to start checking of modules in the wake of growers' complaints about non-availability of water at tail ends, mainly due to water theft. Sindh Minister for Irrigation and Power Nadir Akmal Khan Leghari stated th
Published 03 Jun, 2005 12:00am
Russia's grain stocks seen higher

Russia's grain stocks seen higher

An increase in Russia's 2004 grain output and a continued decline in domestic consumption may result in an increase in 2004/05 (July-June) ending stocks to 11.6 million tonnes from 7 million tonnes last season. The increase is likely to support Russia's g
Published 03 Jun, 2005 12:00am
Rangers deployed to check water theft

Rangers deployed to check water theft

Pakistan Rangers (Sindh) have been deployed to start checking of modules in the wake of growers' complaints about non-availability of water at tail ends, mainly due to water theft. Sindh Minister for Irrigation and Power Nadir Akmal Khan Leghari stated th
Published 03 Jun, 2005 12:00am
Singapore bunker fuel prices up

Singapore bunker fuel prices up

Singapore bunker prices rose on Thursday, tracking higher fuel oil cargo values, while the bunker/cargo premium held steady, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $263-$265 a tonne, up $10 from Wednesday, with the bunker
Published 03 Jun, 2005 12:00am
Steel mills privatisation by December 31

Steel mills privatisation by December 31

Privatisation of the Pakistan Steel Mills (PSM) will be completed by December 31, this year, while the government has appointed a financial adviser to assess the worth of the organisation. This was stated by the PSM Chairman, Lieutenant General Abdul Qayy
Published 03 Jun, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 101,745 tonnes of cargo including 89,896 tonnes import and 11,849 tonnes export cargo including 3,917 containers during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 40,846 tonnes dry cargo including 40,17
Published 03 Jun, 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 03 Jun, 2005 12:00am
US Midwest corn and soya bids firmer

US Midwest corn and soya bids firmer

US Midwest river spot corn and soyabean basis bids were firmer on Thursday while bids at interior locations were steady to weaker, with little country movement after CBOT futures weakened overnight, dealers said. "They're not going to sell in a down marke
Published 03 Jun, 2005 12:00am
Steel mills privatisation by December 31

Steel mills privatisation by December 31

Privatisation of the Pakistan Steel Mills (PSM) will be completed by December 31, this year, while the government has appointed a financial adviser to assess the worth of the organisation. This was stated by the PSM Chairman, Lieutenant General Abdul Qayy
Published 03 Jun, 2005 12:00am
Strong prices lift Indian soyameal sales

Strong prices lift Indian soyameal sales

India's soyameal exports have started picking up after a two-month lull with international prices firming up and good demand from Japan, a top industry official said on Thursday. India, Asia's leading oilmeal exporter, is usually through with most of its
Published 03 Jun, 2005 12:00am
31 killed in Iraq violence

31 killed in Iraq violence

At least 31 people were killed in a wave of violence that swept over northern Iraq on Thursday, as Baghdad vowed that all groups in the fragmented country would take part in the political process. The deadliest blast, in the northern town of Tuz Khurmatu,
Published 03 Jun, 2005 12:00am
Tea prices move both ways

Tea prices move both ways

The trading on tea sector moved both ways here on Jodia Bazar on Thursday. The following variations were seen in the Kenyan tea PF-1 grade down Re 1 to Rs 165, B grade down Re 1 to Rs 144, plus C grade up Rs 2 to Rs 134, Bangladesh garden pack original up
Published 03 Jun, 2005 12:00am
31 killed in Iraq violence

31 killed in Iraq violence

At least 31 people were killed in a wave of violence that swept over northern Iraq on Thursday, as Baghdad vowed that all groups in the fragmented country would take part in the political process. The deadliest blast, in the northern town of Tuz Khurmatu,
Published 03 Jun, 2005 12:00am
Gram prices up on tight supply

Gram prices up on tight supply

Grams prices were higher on the grain market on Thursday as supply position was tight from upcountry centres, dealers said. On the gram side, Garda Punjab gained Rs 50 to Rs 1700-1750. Garda Punjab Dal followed the same trend and picked up Rs 75 at Rs 212
Published 03 Jun, 2005 12:00am
President seeks long-term economic ties with US

President seeks long-term economic ties with US

President Pervez Musharraf has stressed the importance of enhancing trade and investment links between Pakistan and the United States. He was talking to three members US congressional delegation led by Representative Michel Sodrel, which called on him her
Published 03 Jun, 2005 12:00am
FOB Gulf corn and soyabean offers lower

FOB Gulf corn and soyabean offers lower

US FOB Gulf corn and soyabean basis offers were steady to lower on Wednesday, weighed by sluggish export demand and higher CBOT futures, traders said. Barge freight bids were lower at St. Louis on the lower Mississippi River, Illinois and Ohio rivers as a
Published 03 Jun, 2005 12:00am
President seeks long-term economic ties with US

President seeks long-term economic ties with US

President Pervez Musharraf has stressed the importance of enhancing trade and investment links between Pakistan and the United States. He was talking to three members US congressional delegation led by Representative Michel Sodrel, which called on him her
Published 03 Jun, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 02, 2005).

Published 03 Jun, 2005 12:00am
E&T department seals 2 gold importers' offices

E&T department seals 2 gold importers' offices

Initiating action against major tax defaulters the Excise and Taxation Department Sindh sealed the offices of two major gold importers M/s Tessori Trading (Pvt) Ltd and SB (Pvt) Ltd for their failure in paying taxes despite issuance of several notices to
Published 03 Jun, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 02, 2005).
Published 03 Jun, 2005 12:00am
Israel releases 400 Palestinian detainees

Israel releases 400 Palestinian detainees

Israel released some 400 Palestinian prisoners on Thursday to the delight of their families in a bid to bolster Palestinian leader Mahmud Abbas and fulfil a pledge made in February. The gesture came a day after the 70-year-old Abbas underwent "routine" me
Published 03 Jun, 2005 12:00am
Israel releases 400 Palestinian detainees

Israel releases 400 Palestinian detainees

Israel released some 400 Palestinian prisoners on Thursday to the delight of their families in a bid to bolster Palestinian leader Mahmud Abbas and fulfil a pledge made in February. The gesture came a day after the 70-year-old Abbas underwent "routine" me
Published 03 Jun, 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 Thursday (June 02, 2005).

Published 03 Jun, 2005 12:00am
Indian Prime Minister to visit Siachen

Indian Prime Minister to visit Siachen

Prime Minister Manmohan Singh will become the first Indian leader to visit the world's highest battlefield on the Siachen Glacier in occupied Kashmir next week, a spokesman said on Thursday. "The prime minister will visit Ladakh on June 10, 11 and 12. Dur
Published 03 Jun, 2005 12:00am
PTCL workers continue protest

PTCL workers continue protest

The week-long protest of Pakistan Telecommunication Company Limited (PTCL) employees against the privatisation of the company continued on Thursday, and the protesting employees held rallies and protest meetings at various places in the provincial capital
Published 03 Jun, 2005 12:00am
UAE gold sales surge by 15 percent

UAE gold sales surge by 15 percent

UAE gold sales surged 15 percent to 1.8 billion dirhams ($490 million) in the first quarter of 2005 on jewellery promotions, new investment products and regional "unease", the World Gold Council (WGC) said. Gold consumption in terms of tonnage rose 10 per
Published 03 Jun, 2005 12:00am
Tax Zone ''E'' to drop 4,000 cases of business entities

Tax Zone ''E'' to drop 4,000 cases of business entities

The Tax Zone ''E'' of the Regional Commissioner of Income Tax (RCIT) Southern Region is to drop 4,000 tax cases of business entities not operative for more than five years. The Zone administers over 24,000 tax cases in leading market areas, including Tari
Published 03 Jun, 2005 12:00am
Tax Zone 'E' to drop 4,000 cases of business entities

Tax Zone 'E' to drop 4,000 cases of business entities

The Tax Zone 'E' of the Regional Commissioner of Income Tax (RCIT) Southern Region is to drop 4,000 tax cases of business entities not operative for more than five years. The Zone administers over 24,000 tax cases in leading market areas, including Tariq
Published 03 Jun, 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 Thursday (June 02, 2005).

Published 03 Jun, 2005 12:00am
Tax Zone 'E' to drop 4,000 cases of business entities

Tax Zone 'E' to drop 4,000 cases of business entities

The Tax Zone 'E' of the Regional Commissioner of Income Tax (RCIT) Southern Region is to drop 4,000 tax cases of business entities not operative for more than five years. The Zone administers over 24,000 tax cases in leading market areas, including Tariq
Published 03 Jun, 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 Thursday (June 02, 2005).

Published 03 Jun, 2005 12:00am
PIA announces one-time 10 percent cut on international routes

PIA announces one-time 10 percent cut on international routes

The Pakistan International Airlines (PIA) has announced a one time 10 percent reduction in fares for about a dozen international destinations on its network. Those fares would be available only for a limited period of 25 days ie between June 6 and June 30
Published 03 Jun, 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 Thursday (June 02, 2005).

Published 03 Jun, 2005 12:00am
PIA announces one-time 10 percent cut on international routes

PIA announces one-time 10 percent cut on international routes

The Pakistan International Airlines (PIA) has announced a one time 10 percent reduction in fares for about a dozen international destinations on its network. Those fares would be available only for a limited period of 25 days ie between June 6 and June 30
Published 03 Jun, 2005 12:00am
Malaysian tin hits 4-1/2-month low

Malaysian tin hits 4-1/2-month low

Malaysian tin fell 1.8 percent on Thursday, hitting a 4-1/2 month low, as a fresh slide in London metals saw the local market extending a liquidation that began a day. But Japanese buyer's traditionally big users of tin remained supportive, accounting for
Published 03 Jun, 2005 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai copper futures rose by 3 percent on Thursday as low international stock levels boosted prices in both Shanghai and on the London Metal Exchange. LME copper stocks are at their lowest since December 1987, and although Shanghai exchange warehouse i
Published 03 Jun, 2005 12:00am
SBP barred from clearing Indian companies for investment

SBP barred from clearing Indian companies for investment

The State Bank of Pakistan (SBP) has been barred from clearing Indian companies for investment in Pakistan without the prior approval of the federal government, reliable sources in finance ministry told Business Recorder here on Thursday. "Indian c
Published 03 Jun, 2005 12:00am
New York copper ends at 5-1/2-week high

New York copper ends at 5-1/2-week high

US copper futures lurched up to 5-1/2-week highs before the close on Wednesday, with funds taking their cue from strong fundamentals, traders said. Copper spent the first part of the session at sharply lower levels as traders sold when the dollar hit 7-1/
Published 03 Jun, 2005 12:00am
SBP barred from clearing Indian companies for investment

SBP barred from clearing Indian companies for investment

The State Bank of Pakistan (SBP) has been barred from clearing Indian companies for investment in Pakistan without the prior approval of the federal government, reliable sources in finance ministry told Business Recorder here on Thursday. "Indian c
Published 03 Jun, 2005 12:00am
Comex gold falls with euro

Comex gold falls with euro

US gold futures slipped on Wednesday toward four-month lows as the euro further lost value against the dollar, while silver bolted to a 2-1/2-month peak on speculative buying, dealers said. The euro dropped to an eight-month low against the dollar on heig
Published 03 Jun, 2005 12:00am
SBP barred from clearing Indian companies for investment

SBP barred from clearing Indian companies for investment

The State Bank of Pakistan (SBP) has been barred from clearing Indian companies for investment in Pakistan without the prior approval of the federal government, reliable sources in finance ministry told Business Recorder here on Thursday. "Indian c
Published 03 Jun, 2005 12:00am
Tokyo platinum up slightly but off eight-month high

Tokyo platinum up slightly but off eight-month high

Tokyo platinum futures closed higher on Thursday but backed away from an eight-month peak after short-squeezing ran out of steam as the benchmark contract approached a key technical resistance level. The April platinum contract on the Tokyo Commodity Exch
Published 03 Jun, 2005 12:00am
Wapda told to transfer staff to DISCOS in a month

Wapda told to transfer staff to DISCOS in a month

Water and Power Minister Liaquat Ali Jatoi has directed Wapda to transfer all secondary network manpower to DISCOS within a month to meet the deadline set by the World Bank, it is reliably learnt. "Wapda, which is still resisting corporatisation of the po
Published 03 Jun, 2005 12:00am
Gold up in Asia as euro rebounds; platinum shines

Gold up in Asia as euro rebounds; platinum shines

Gold rose in Asia on Thursday after the euro rebounded from an 8-month low against the dollar, while platinum hit a 3-week high on fund buying in Japan before profit-taking erased some of the gains. Spot gold was trading at $416.10/416.60 an ounce, agains
Published 03 Jun, 2005 12:00am
Wapda told to transfer staff to DISCOS in a month

Wapda told to transfer staff to DISCOS in a month

Water and Power Minister Liaquat Ali Jatoi has directed Wapda to transfer all secondary network manpower to DISCOS within a month to meet the deadline set by the World Bank, it is reliably learnt. "Wapda, which is still resisting corporatisation of the po
Published 03 Jun, 2005 12:00am
SBP barred from clearing Indian companies for investment

SBP barred from clearing Indian companies for investment

The State Bank of Pakistan (SBP) has been barred from clearing Indian companies for investment in Pakistan without the prior approval of the federal government, reliable sources in finance ministry told Business Recorder here on Thursday. "Indian c
Published 03 Jun, 2005 12:00am
Wapda told to transfer staff to DISCOS in a month

Wapda told to transfer staff to DISCOS in a month

Water and Power Minister Liaquat Ali Jatoi has directed Wapda to transfer all secondary network manpower to DISCOS within a month to meet the deadline set by the World Bank, it is reliably learnt. "Wapda, which is still resisting corporatisation of the po
Published 03 Jun, 2005 12:00am
Oil holds above $54 after surge on winter worries

Oil holds above $54 after surge on winter worries

Oil prices inched down from a five-week high on Thursday after surging 5 percent on growing worries that US refiners' focus on meeting summer gasoline demand could worsen a winter supply crunch. Dealers have shrugged off the US dollar's meteoric rise vers
Published 03 Jun, 2005 12:00am
Margin financing goes into force today

Margin financing goes into force today

The margin financing would act as main tool to safeguard the interest of investors from the volatile conditions of the stock market and easy way out to cover risk management issues. This was the theme of a seminar conducted at the Institute of Bankers in
Published 03 Jun, 2005 12:00am
Thai rice prices seen easing, crop outlook bright

Thai rice prices seen easing, crop outlook bright

Thai rice export prices, which have fallen in dollar terms over the past week as the baht currency weakened, are likely to dip further with overseas demand weak, traders said on Thursday. Thai 100 percent grade B rice was down $5 at $290 per tonne, free o
Published 03 Jun, 2005 12:00am
Margin financing goes into force today

Margin financing goes into force today

The margin financing would act as main tool to safeguard the interest of investors from the volatile conditions of the stock market and easy way out to cover risk management issues. This was the theme of a seminar conducted at the Institute of Bankers in
Published 03 Jun, 2005 12:00am
Indonesian oils slip

Indonesian oils slip

Edible oil exports by Indonesia are likely to rise marginally this month on healthy demand from India and Europe and a weaker currency. Traders said on Thursday that exports could reach 860,000 tonnes in June, up from 850,000 tonnes in May. Up to 90 perce
Published 03 Jun, 2005 12:00am
Margin financing goes into force today

Margin financing goes into force today

The margin financing would act as main tool to safeguard the interest of investors from the volatile conditions of the stock market and easy way out to cover risk management issues. This was the theme of a seminar conducted at the Institute of Bankers in
Published 03 Jun, 2005 12:00am
New York sugar ends down, range widens but does not break

New York sugar ends down, range widens but does not break

Raw sugar futures finished lower in New York after keeping to a strict range for three sessions, but traders said they thought the selling was more consolidation business than indicative of direction. "We've seen producer selling on the upside. We've seen
Published 03 Jun, 2005 12:00am
Margin financing goes into force today

Margin financing goes into force today

The margin financing would act as main tool to safeguard the interest of investors from the volatile conditions of the stock market and easy way out to cover risk management issues. This was the theme of a seminar conducted at the Institute of Bankers in
Published 03 Jun, 2005 12:00am
Soyabeans hit 11-week top, weather supports

Soyabeans hit 11-week top, weather supports

Soyabean futures at the Chicago Board of Trade closed firm on Wednesday, hitting an 11-week high as ongoing weather and crop jitters sparked commodity index funds to buy beans, traders said. The move in soyabeans coincided with speculative buying in other
Published 03 Jun, 2005 12:00am
PSO leads LSE rally

PSO leads LSE rally

The winning rally stretched to fourth consecutive session on the Lahore Stock Exchange (LSE) on Thursday with a sharp movement in PSO, which pushed the index 5.37 percent up, amid positive news regarding settlement of the regulator-brokers row over the is
Published 03 Jun, 2005 12:00am
President seeks long-term economic ties with US

President seeks long-term economic ties with US

President Pervez Musharraf has stressed the importance of enhancing trade and investment links between Pakistan and the United States. He was talking to three members US congressional delegation led by Representative Michel Sodrel, which called on him her
Published 03 Jun, 2005 12:00am
CBOT wheat futures mixed in rangebound trade

CBOT wheat futures mixed in rangebound trade

Wheat futures at the Chicago Board of Trade closed mixed in rangebound trade on Wednesday, as pressure from beneficial moisture in the US Plains offset spillover strength from the corn market, traders said. Buyers were scarce. Funds bought about 1,400 whe
Published 03 Jun, 2005 12:00am
Woodward tells how FBI man became 'Deep Throat'

Woodward tells how FBI man became 'Deep Throat'

A chance encounter with a senior FBI official in 1970 grew into a friendship and as the Watergate scandal unfolded the official became the "Deep Throat" source for the stories that helped bring down President Richard Nixon, reporter Bob Woodward wrote in
Published 03 Jun, 2005 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseed oilcake market on Thursday amid thin business, dealers said. The July vaida commenced with sharp gain at Rs 437.90. In the process of trading, it gained 80 paisa to be day's best at Rs 438.70. Later, it shed
Published 03 Jun, 2005 12:00am
India plans to borrow less to control deficit: finance minister

India plans to borrow less to control deficit: finance minister

India plans to borrow less than estimated in the year to March 2006 to improve its fiscal deficit performance from last year when the deficit touched its lowest in nearly 8 years, the finance minister said on Thursday. India surprised analysts and the mar
Published 03 Jun, 2005 12:00am
Thin activity seen on cotton market

Thin activity seen on cotton market

Mills and spinners remained on the sidelines on the cotton market on Thursday ahead of the Trading Corporation of Pakistan (TCP) announcement of tender result, dealers said. The official spot rate held its overnight level at Rs 2225, without upcountry exp
Published 03 Jun, 2005 12:00am
Caspian oil export hopes alive: Iran

Caspian oil export hopes alive: Iran

Completion of the $4-billion Baku-Tbilisi-Ceyhan (BTC) pipeline does not rule out a southern export route via Iran for Caspian crude, an Iranian official said on Wednesday. The BTC pipeline which was inaugurated last month, 10 years after it was first tou
Published 03 Jun, 2005 12:00am
Japan seeks to buy wheat for Jordan

Japan seeks to buy wheat for Jordan

The Japanese government has issued a tender for the purchase of 100,000 tonnes of hard wheat as an aid donation to Jordan, European traders said on Thursday. Origin was optional. Bidding deadline was June 23. The wheat was for delivery to Jordan's Ababa p
Published 03 Jun, 2005 12:00am
German finance minister sees China moving yuan in steps

German finance minister sees China moving yuan in steps

German Deputy Finance Minister Caio Koch-Weser said on Thursday he expected China to revalue the yuan in steps and then repeg it to a basket of currencies. "The first step certainly won't be a float. There will be a step by step strengthening, followed by
Published 03 Jun, 2005 12:00am
Cotton trade watching the forthcoming budget

Cotton trade watching the forthcoming budget

Like most trade and industrial bodies in Pakistan, cotton traders are mostly focussing their attention on the forthcoming federal budget scheduled to be announced next Monday. Domestic ginners now hardly have 25,000 to 30,000 bales of unsold cotton left w
Published 03 Jun, 2005 12:00am
Four telecom services may be brought into tax net

Four telecom services may be brought into tax net

The Central Board of Revenue (CBR) is examining a proposal to bring four telecommunication services in the tax net. These are voice mail services, voice paging services and services pertaining to data transmission by the Data Network Service Providers (DN
Published 03 Jun, 2005 12:00am
Cotton trade watching the forthcoming budget

Cotton trade watching the forthcoming budget

Like most trade and industrial bodies in Pakistan, cotton traders are mostly focussing their attention on the forthcoming federal budget scheduled to be announced next Monday. Domestic ginners now hardly have 25,000 to 30,000 bales of unsold cotton left w
Published 03 Jun, 2005 12:00am
PSO leads LSE rally

PSO leads LSE rally

The winning rally stretched to fourth consecutive session on the Lahore Stock Exchange (LSE) on Thursday with a sharp movement in PSO, which pushed the index 5.37 percent up, amid positive news regarding settlement of the regulator-brokers row over the is
Published 03 Jun, 2005 12:00am
New York coffee ends mixed

New York coffee ends mixed

US arabica coffee futures settled mixed, with market players fixated on spread trading between the nearest monthly contracts amid a dearth of directional signals, traders and analysts said. The bellwether July arabica contract eased 0.30 cent to settle at
Published 03 Jun, 2005 12:00am
67 killed in China's rains

67 killed in China's rains

Torrential rains and mountain torrents have left at least 67 people dead and 56 missing in central and western China, state media said Thursday as rescuers rushed to evacuate people and ferry in supplies. Around 100,000 people have been moved from affecte
Published 03 Jun, 2005 12:00am
New York cocoa ends at fresh 11-month low

New York cocoa ends at fresh 11-month low

Heavy speculative selling depressed nearby US cocoa futures prices to their lowest in 11 months on Wednesday, with a strong dollar and bearish technical factors sparking the sell-off, market sources said. "The specs sold quite a lot today," said one floor
Published 03 Jun, 2005 12:00am
ISE equities show positive signs

ISE equities show positive signs

Equities showed positive signs at the Islamabad Stock Exchange (ISE) where bulls strengthened their positions amid increase in index. ISE Network Index showed an improvement of 269.22 points as the rate-based indicator moved from 11,451.63 to 11,720.85 po
Published 03 Jun, 2005 12:00am
MGE wheat weaker, spreading featured

MGE wheat weaker, spreading featured

Minneapolis Grain Exchange spring wheat futures closed lower on Wednesday, with improved US spring wheat ratings keeping a lid on values, traders said. MGE July wheat ended down 1/2 cent at $3.49 per bushel, with deferred months down 1-1/4 to 1-1/2 cents.
Published 03 Jun, 2005 12:00am
ISE equities show positive signs

ISE equities show positive signs

Equities showed positive signs at the Islamabad Stock Exchange (ISE) where bulls strengthened their positions amid increase in index. ISE Network Index showed an improvement of 269.22 points as the rate-based indicator moved from 11,451.63 to 11,720.85 po
Published 03 Jun, 2005 12:00am
KCBT wheat lower, weighed by beneficial rain

KCBT wheat lower, weighed by beneficial rain

Kansas City Board of Trade wheat futures closed lower on Wednesday in follow-through selling from Tuesday's losses, with pressure stemming from beneficial rain in the central US Plains, traders said. KCBT July wheat closed 3 cents lower at $3.34-1/4 per b
Published 03 Jun, 2005 12:00am
Second Pakistan, West Indies Test begins today

Second Pakistan, West Indies Test begins today

Inzamamul Haq returns to lead Pakistan in the second and final Test against West Indies starting at Sabina Park here on Friday. Pakistan trail in the two-Test series against the West Indies 0-1 after losing the first Test by a massive 276 runs shortly aft
Published 03 Jun, 2005 12:00am
60 more vocational institutes to be set up in Punjab

60 more vocational institutes to be set up in Punjab

Punjab government will establish 60 more vocational training institutes in different parts of the province during the current calendar year, especially in remote and neglected areas. Punjab Minister for Baitul Maal, Chaudhry Ejaz Shafi told APP here on Th
Published 03 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 03 Jun, 2005 12:00am
Punjab Assembly team meets Ontario Assembly Speaker

Punjab Assembly team meets Ontario Assembly Speaker

The Punjab Assembly parliamentary delegation, which was on its official tour of Toronto Canada from May 29 to June 1, was received by the Speaker of the Ontario Assembly Alvin Curling. The latter welcomed the delegates led by Deputy Speaker Shaukat Hussai
Published 03 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 03 Jun, 2005 12:00am
Corporate governance moot

Corporate governance moot

The Securities and Exchange Commission of Pakistan (SECP) and Lahore University of Management Sciences (LUMS) are jointly holding the second annual conference on 'Corporate Governance in Pakistan' at LUMS on June 3 & 4. SECP Chairman Dr Tariq Hassan and v
Published 03 Jun, 2005 12:00am
The Weather

The Weather

The weather report on Thursday (June 02) and the forecast for Friday (June 03, 2005).
Published 03 Jun, 2005 12:00am
LHCBA committees

LHCBA committees

President Lahore High Court Bar Association (LHCBA) has constituted many committees of the bar including executive committee comprising 172 members. Talking to newsmen, LHCBA president Fakhrunnisa Khokhar said that she had constituted the committees to ru
Published 03 Jun, 2005 12:00am
Train stoppage

Train stoppage

Pakistan Railways (PR) administration has allowed a two-minute stoppage to 29-Up/30-down Shah Rukn-e-Alam Express Train at Gambat Railway Station. According to a spokesman of the railways, the decision will come into effect with immediate effect and would
Published 03 Jun, 2005 12:00am
President's intervention in NFC Award

President's intervention in NFC Award

The failure of the provinces and the Centre to come to a consensus on the sixth National Finance Commission (NFC) Award had become a given fact of life for the last few years. This Award is overdue since 2002. But the objections of the smaller provinces t
Published 03 Jun, 2005 12:00am
Need to ensure effective self-generation

Need to ensure effective self-generation

The Economic Co-ordination Committee of the Cabinet decided to allow self-power generation to the industrial sector, with a view to helping them reduce their input costs. However, elaborating upon the decision, while briefing the journalists later, Dr Ash
Published 03 Jun, 2005 12:00am
Mortgage house financing on diminishing partnership

Mortgage house financing on diminishing partnership

The house mortgage financing requires vital changes and improvements as far as the rate of mark-up based on systems of rental sharings and quantum of monthly instalments, length of payment of monthly instalments as well as waiver of government duties/stam
Published 03 Jun, 2005 12:00am
Valley searches for lost Sufi music

Valley searches for lost Sufi music

Amid the daily roar of gunfire and grenades, there's something new in occupied Kashmiri villages these days: music classes. A dozen teenagers, cradling ancient Kashmiri string instruments and notebooks listen in rapt attention to teacher Mohammad Yaqoob s
Published 03 Jun, 2005 12:00am
Germany electrified by early election call

Germany electrified by early election call

It may not return him to office, but Chancellor Gerhard Schroeder's decision to call an election a year early has jolted German politics out of a trance. Schroeder electrified the nation and smashed years of legislative gridlock with the news he intends t
Published 03 Jun, 2005 12:00am
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