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Apr 18, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-04
Over 60 percent wheat procured in Multan

Over 60 percent wheat procured in Multan

Food Department Multan has procured 582,552-tonne wheat achieving 60.68 percent of the target so far, at 75 centres set up in the six districts of the former Multan division. Food Department Multan would procure 960,000-tonne wheat from the Multan region
Published 04 Jun, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 03, 2005).

Published 04 Jun, 2005 12:00am
Call to rehabilitate land-sliding victims

Call to rehabilitate land-sliding victims

Rawalpindi Chamber of Commerce and Industry (RCCI) President Najam Rehan has expressed shock over the losses of life and property caused by land-sliding in Dewal Shrif (Murree) few days ago. He asked the government to take measures for restoration of the
Published 04 Jun, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 03, 2005).

Published 04 Jun, 2005 12:00am
UK urged to seek EU role in Kashmir solution

UK urged to seek EU role in Kashmir solution

Professor Nazir Shawl, Executive Director Kashmir Centre London, has appealed to British Prim Minister Tony Blair to set up a three-country European Union's (EU) group to press India to involve Kashmiris in the current peace talks between Pakistan and Ind
Published 04 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 04 Jun, 2005 12:00am
UN reforms: China in contact with Pakistan

UN reforms: China in contact with Pakistan

China is in contact with Pakistan and other friendly countries in its bid to promote consensus on the United Nation reforms. "We are against any unilateral move to adopt the reforms through majority vote," Chinese Foreign Ministry spokesman Kong Quan stat
Published 04 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 04 Jun, 2005 12:00am
Pakistan and Singapore to negotiate FTA in July

Pakistan and Singapore to negotiate FTA in July

Prime Minister Lee Hsien Loong has said that Singapore and Pakistan will begin negotiations next month on a bilateral Free Trade Agreement (FTA). Prime Minister Lee described current trade ties as 'modest' in comparison with the city-state's links with ot
Published 04 Jun, 2005 12:00am
The Weather

The Weather

The weather report on Friday (June 03) and the forecast for Saturday (June 04, 2005).
Published 04 Jun, 2005 12:00am
Motorbike without gas and petrol launched

Motorbike without gas and petrol launched

Federal Minister for Science and Technology, Chaudhary Nouraiz Shakoor, on Friday said that with the introduction of latest technology, industrial sector cars be revolutionised and with its development country could be put on the road to progress. Chaudha
Published 04 Jun, 2005 12:00am
Plan to supply pure milk evolved

Plan to supply pure milk evolved

Agriculture Marketing Department here, on the instructions of Punjab Chief Minister Chaudhry Pervaiz Elahi, has evolved a comprehensive plan for provision of pure and quality milk to citizens and improving its marketing system. This was stated by Provinci
Published 04 Jun, 2005 12:00am
Australian Hiqh Commissioner meets Jatoi

Australian Hiqh Commissioner meets Jatoi

Australian Hiqh Commissioner to Pakistan, Ms Zorica McCarthy called on Federal Minister for Water and Power Liaquat Ali Jatoi here on Friday in his chamber at parliament house. She remained with the minister for some time and discussed various matters of
Published 04 Jun, 2005 12:00am
Punjab achieves 62 percent cotton sowing target

Punjab achieves 62 percent cotton sowing target

Punjab has achieved about 62 percent cotton sowing target with four million acres as against the target of 6.3 million acres. Sources at the Central Cotton Research Institute (CCRI) told APP that the federal government's competent authority had fixed 6.32
Published 04 Jun, 2005 12:00am
Bail pleas in corruption cases rejected

Bail pleas in corruption cases rejected

The Sindh High Court on Friday dismissed bail applications of sub-registrar of Agricultural Land Mohammad Zafar Baloch, a co-accused in corruption cases against sacked provincial revenue minister Imtiaz Ahmed Sheikh and other revenue officials. Imtiaz She
Published 04 Jun, 2005 12:00am
1000 Pakistani workers to arrive in Malaysia by mid-June

1000 Pakistani workers to arrive in Malaysia by mid-June

The first batch of 1,000 Pakistani workers out of 100,000 that Malaysia had agreed to recruit to meet its labour shortage were expected to arrive by mid-June, said Pakistan Deputy High Commissioner Jamshaid Iftikhar. Director-General of the Immigration an
Published 04 Jun, 2005 12:00am
APHC leaders visit termed historic

APHC leaders visit termed historic

President Azad Kashmir, Sardar Muhammad Anwar Khan has termed the arrival of APHC leaders a historic event. Speaking here late Thursday night at a dinner he hosted in the honour of APHC leaders, he said, "Kashmiris must he taken along in the talks process
Published 04 Jun, 2005 12:00am
Gohar urges India to improve human rights conditions in occupied Kashmir

Gohar urges India to improve human rights conditions in occupied Kashmir

Former foreign minister and veteran Muslim Leaguer, Gohar Ayub Khan on Friday urged the Indian leadership to take steps for the improvement of human rights conditions in Indian occupied Kashmir so that the confidence of Kashmiri people could be restored i
Published 04 Jun, 2005 12:00am
Indian jurists team due on June 8

Indian jurists team due on June 8

A 30-member delegation comprising judges, lawyers, parliamentarians and journalists is scheduled to undertake a trip to Pakistan next week on a 10-day goodwill mission. The visit is organised by Indian Council of Jurists and All India Bar Association (AIB
Published 04 Jun, 2005 12:00am
Pak-Turkish co-operation at a turning point?

Pak-Turkish co-operation at a turning point?

The closeness that characterises the relations between Pakistan and Turkey was on ample display when the prime ministers of the two brotherly countries addressed a joint news conference in Ankara on Wednesday. Both Pakistan's Shaukat Aziz and his host and
Published 04 Jun, 2005 12:00am
Replacing ATTA to curb smuggling

Replacing ATTA to curb smuggling

As reported in this paper, the Central Board of Revenue has, eventually, proposed replacement of Afghan Transit Trade Agreement with a bilateral convention, in accordance with the 'Revised Kyoto Convention', with a view to curbing the inflow of smuggled g
Published 04 Jun, 2005 12:00am
Restoration of cotton hedge trading, but why?

Restoration of cotton hedge trading, but why?

The government has decided to allow KCA to start hedge trading in cotton business. The federal cabinet, in its meeting on March 24, 2005, gave the control of cotton hedge trading to the Ministry of Commerce. KCA is enthusiastically working on the issue an
Published 04 Jun, 2005 12:00am
Annan's past turns into rocky future

Annan's past turns into rocky future

Dignified, soft-spoken, honoured as a Nobel peace prize laureate, UN Secretary-General Kofi Annan has embraced the job as the world's top diplomat with openness and a widely acclaimed moral authority. But since the 2003 war in Iraq, which he opposed, and
Published 04 Jun, 2005 12:00am
Bangladesh floods a curse and a blessing

Bangladesh floods a curse and a blessing

Bangladeshi farmer Shafik dreads the monsoon, yet realises it can also deliver prosperity. More than a thousand people died and up to 10 million were left homeless last year in floods brought on by monsoon rains, the worst of their kind in 15 years. But i
Published 04 Jun, 2005 12:00am
Parliamentarians of the country

Parliamentarians of the country

This has reference to the editorial published in the daily "Business Recorder" on l2th May, under the caption "What is the reason for disinterest." Our President has found a precious jewel in the person of Shaukat Aziz and installed him as Prime Mi
Published 04 Jun, 2005 12:00am
Paying utility bills

Paying utility bills

The KESC, PTCL and the Sui Gas bills are all received by the consumers one after another of the 20th of every month, and last date for payment is from the 26th to 30th, which is considered by some as not-so-well-paced. One can suffer the inconvenience of
Published 04 Jun, 2005 12:00am
Government has failed to maintain law and order: MMA

Government has failed to maintain law and order: MMA

Muttahida Majlis-i-Amal (MMA) Deputy Secretary General Liaquat Baloch has said that recent terrorist incidents in the country are sheer proof of the government's failure to maintain law and order, adding that there is widespread sense of insecurity due to
Published 04 Jun, 2005 12:00am
Huge quantity of hashish recovered

Huge quantity of hashish recovered

Pakistan Coast Guards (PCG), Gwadar Battalion recovered huge quantity of hashish worth million of rupees and two satellite telephones form Sur Bandar area Balochistan. According to a press release issued here on Friday PCG Intelligence Unit, Gwadar, on a
Published 04 Jun, 2005 12:00am
Police told to do level best for arresting culprits

Police told to do level best for arresting culprits

Sindh Governor Dr Ishratul Ibad Khan has directed law enforcers to carryout their best efforts for arrest of culprits, involved in recent terrorist attacks in Karachi, without getting influenced with "so-called protest or pressures". "I am sure that law e
Published 04 Jun, 2005 12:00am
Sindh chief secretary directs release of funds

Sindh chief secretary directs release of funds

Sindh Chief Secretary Fazlur Rehman has called upon the officials of works and services department to take immediate steps for release of funds so as to ensure effective implementation of newly approved schemes. He said it must be ensured that whenever a
Published 04 Jun, 2005 12:00am
HEC upgrading labs at NED University

HEC upgrading labs at NED University

The Higher Education Commission (HEC) has undertaken a project to upgrade and modify the laboratories of department of Electronic Engineering, NED University of Engineering and Technology, Karachi. The project will be completed in 2 years with a cost of R
Published 04 Jun, 2005 12:00am
CHAEF holding stage play on June 11

CHAEF holding stage play on June 11

Children Health and Education Foundation (CHAEF), an NGO working for providing healthcare and educational facilities to the poor and needy children, is holding a stage play followed by dinner to raise funds on Saturday, June 11, at Sheraton Hotel Karachi.
Published 04 Jun, 2005 12:00am
Call for checking spread of hepatitis

Call for checking spread of hepatitis

The Pakistan Society of Family Physicians (PSFP) has asked the government to launch a vaccination campaign in urban as well as rural areas of the province to check the spread of hepatitis, which is spreading at an alarming ratio. The Secretary General of
Published 04 Jun, 2005 12:00am
Insurance: CENTURY INSURANCE COMPANY LIMITED - Year Ended 31-12-2004

Insurance: CENTURY INSURANCE COMPANY LIMITED - Year Ended 31-12-2004

The company is one of the constituent members of Lakson Group of Companies which is one of the largest groups in Pakistan. Century Insurance has been assigned an Insurers Financial Strength Rating (IFSR) 'A' by the credit rating company JCR-VIS. This rati
Published 04 Jun, 2005 12:00am
Need stressed for keeping Pak-India land and air routes open

Need stressed for keeping Pak-India land and air routes open

The Pak-India friendship must be on the basis of equality and all outstanding disputes, including core issue of Kashmir must be resolved so as to strengthen the peace process between the two countries. District Nazim Lahore, Mian Amer Mahmood, stated this
Published 04 Jun, 2005 12:00am
THE RUPEE: handsome gain versus dollar in kerb

THE RUPEE: handsome gain versus dollar in kerb

The rupee recovered 20 paisa against dollar in the open market on Friday on the buying side at Rs 60.50 and 25 paisa on selling side at Rs 60.55, moneychangers said. Some improvement was seen in the supply of the greenback, which helped the local currency
Published 04 Jun, 2005 12:00am
The Founders demand free, fair LCCI polls

The Founders demand free, fair LCCI polls

The Founders, opposition group in the Lahore Chamber of Commerce and Industry (LCCI), has urged the ruling group to take measures to ensure holding of free, fair and transparent chamber elections in September 2005. This demand was raised by the President
Published 04 Jun, 2005 12:00am
THE RUPEE: handsome gain versus dollar in kerb

THE RUPEE: handsome gain versus dollar in kerb

The rupee recovered 20 paisa against dollar in the open market on Friday on the buying side at Rs 60.50 and 25 paisa on selling side at Rs 60.55, moneychangers said. Some improvement was seen in the supply of the greenback, which helped the local currency
Published 04 Jun, 2005 12:00am
Independent MNA joins PPPP

Independent MNA joins PPPP

Rana Attaullah Khan, an independent candidate for the National Assembly from Jhang in previous elections, has joined Pakistan Peoples Party Parliamentarian (PPPP), on Friday. Rana pooled 36,000 votes in the election. Head of PPPP Punjab Qasim Zia and othe
Published 04 Jun, 2005 12:00am
Indian peace activists honoured

Indian peace activists honoured

Pakistan Workers Confederation (PWC) held reception in honour of 21 Indian social workers, currently visiting Pakistan in connection with peace march. Addressing on the occasion, Indian social workers Sundeep Panday and Darshan Singh and PWC leaders, Haji
Published 04 Jun, 2005 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) on Friday adjourned to June 07, the proceedings in an election petition filed against provincial Minister Raza Ali Gillani by Iftikhar Ali Chachar MPA, when his counsel was submitting his submissions on the point of maintainabi
Published 04 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 03, 2005).

Published 04 Jun, 2005 12:00am
MMA demands removal of Sindh government

MMA demands removal of Sindh government

The Muttahida Majlis-i-Amal observed protest day on Friday against the assassination of Jamaat-i- Islami leaders Aslam Mujahid, Jamal Tahir and bomb blasts at the shrine of Hazrat Latif Imam Bari, Islamabad and Madinah-tul-Ilm, Karachi at the call of MMA
Published 04 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 03, 2005).

Published 04 Jun, 2005 12:00am
LHC dismisses Badr's plea

LHC dismisses Badr's plea

The Lahore High Court (LHC) dismissed a petition filed by former federal minister, Jehangir Badr, who prayed to the court to direct the respondent accountability court to allow him to produce more witnesses in a reference against him. The court observed t
Published 04 Jun, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 03, 2005).

Published 04 Jun, 2005 12:00am
1000 MW thermal power to be produced by 2008

1000 MW thermal power to be produced by 2008

Private Power Infrastructure Board (PPIB) Managing Director Zafar Ali Khan has said that 1000 MW thermal electricity would be produced in the beginning of 2008 that would help overcome shortage of electricity in the country. Speaking in a PTV programme he
Published 04 Jun, 2005 12:00am
Participants of Indo-Pak rally not allowed to march

Participants of Indo-Pak rally not allowed to march

Interior Ministry has not allowed the participants of the Indo-Pak peace rally to march on the Lahore-Multan route and to meet the people of different cities and told them it would not be possible due to security reason. Now the 11-member group of marcher
Published 04 Jun, 2005 12:00am
Special children's enrolment surges by 20 percent

Special children's enrolment surges by 20 percent

As a result of steps taken by the Punjab government during the last two years, the number of special children in government schools has increased by 20 percent and provision of government transport would further enhance this ratio. Punjab Minister for Bai
Published 04 Jun, 2005 12:00am
Government urged to take steps for upgradation of sports goods industry

Government urged to take steps for upgradation of sports goods industry

The business community engaged in the sports goods industry has urged federal government to take drastic steps for up-gradation of the industry enabling it to cope with the requirements of changing trends in the global market. The sports goods industry of
Published 04 Jun, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (June 03) and for Saturday (June 04, 2005).
Published 04 Jun, 2005 12:00am
Lesco's steps hailed

Lesco's steps hailed

Federal Information Minister Sheikh Rashid Ahmad and Advisor to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Salman Shah have appreciated recent steps taken by Lahore Electric Supply Company (Lesco) for the convenience of electricity co
Published 04 Jun, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 03, 2005).

Published 04 Jun, 2005 12:00am
Rally assails US forces

Rally assails US forces

Tahafuz Azadari Pakistan (TAP) and Jamaat-e-Islami (women wing) on Friday observed protest day against the incident of desecration of holy Quraan occurred in Guantanamo Bay military camp. More than 100 women of the MMA, led by Zaib-un Nisa Qureshi, MPA, R
Published 04 Jun, 2005 12:00am
Increased Pak-India contacts boost ties: Pervaiz

Increased Pak-India contacts boost ties: Pervaiz

Punjab Chief Minister Chaudhry Pervaiz Elahi in a meeting with the head of Bharatiya Janata Party L K Advani here on Friday said that increased pace of contacts between Pakistan and India have resulted in promotion of relations between the two countries.
Published 04 Jun, 2005 12:00am
Steps taken to protect doctors from violent patients

Steps taken to protect doctors from violent patients

The Punjab Institute of Mental Health (PIMH) Lahore, on directives of the Health Department, has taken various steps to protect doctors, paramedical staff and attendants from any violent act, if committed by the psychiatric patients. PIMH's Executive Dire
Published 04 Jun, 2005 12:00am
Key stock market movements at 1700 GMT on June 03

Key stock market movements at 1700 GMT on June 03

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 04 Jun, 2005 12:00am
LHCBA and IMP protest over sacrilege of Quran

LHCBA and IMP protest over sacrilege of Quran

The members of the Lahore High Court Bar Association (LHCBA) and Islamic Movement Pakistan (IMP) chapter held a procession to register their protest over the desecration of Holy Quran by the US military men. The participants were holding placards and bann
Published 04 Jun, 2005 12:00am
PEL awarded 2 exploration licences

PEL awarded 2 exploration licences

The Ministry of Petroleum on Friday signed two petroleum exploration licences for Petroleum Exploration (Pvt) Limited (PEL), a local private company. Secretary Petroleum Ahmed Waqar and PEL chief executive and chairman Zaheeruddin signed the concession ag
Published 04 Jun, 2005 12:00am
Nigeria in talks for $31 billion debt buyback

Nigeria in talks for $31 billion debt buyback

Nigeria is in detailed talks with the Paris Club of sovereign lenders for a debt buyback under which it could get up to 70 percent discount on $31 billion debt, senior Nigerian finance officials said on Friday. The buyback is one of several options for ca
Published 04 Jun, 2005 12:00am
PEL awarded 2 exploration licences

PEL awarded 2 exploration licences

The Ministry of Petroleum on Friday signed two petroleum exploration licences for Petroleum Exploration (Pvt) Limited (PEL), a local private company. Secretary Petroleum Ahmed Waqar and PEL chief executive and chairman Zaheeruddin signed the concession ag
Published 04 Jun, 2005 12:00am
EU raids suspect fruit cartel

EU raids suspect fruit cartel

EU antitrust authorities raided banana and pineapple distributors suspected of fixing prices in Europe after US giant Chiquita Brands blew the whistle, the European Commission and companies said on Friday. The Commission identified none of the companies r
Published 04 Jun, 2005 12:00am
CVT rate to be raised to 0.1 percent

CVT rate to be raised to 0.1 percent

The government will increase capital value tax (CVT) on shares buying from 0.01 percent to 0.1 percent in the 2005-06 budget, official sources told Business Recorder on Friday. Policy makers said they believe that shares business is highly profitab
Published 04 Jun, 2005 12:00am
Italy should consider leaving euro

Italy should consider leaving euro

An Italian minister said on Friday the country should consider adopting its own currency again, adding fuel to recent talk of a possible break-up of the eurozone which EU leaders dismiss as "absurd". Welfare Minister Roberto Maroni, from the euro-sceptica
Published 04 Jun, 2005 12:00am
CVT rate to be raised to 0.1 percent

CVT rate to be raised to 0.1 percent

The government will increase capital value tax (CVT) on shares buying from 0.01 percent to 0.1 percent in the 2005-06 budget, official sources told Business Recorder on Friday. Policy makers said they believe that shares business is highly profitab
Published 04 Jun, 2005 12:00am
Brown stands firm on aid goals ahead of G8

Brown stands firm on aid goals ahead of G8

British finance minister Gordon Brown vowed on Friday not to scale back his ambitious plan to lift Africa out of poverty, despite signs rich countries still disagree on how the goal should be achieved. Brown and Prime Minister Tony Blair have declared 200
Published 04 Jun, 2005 12:00am
CVT rate to be raised to 0.1 percent

CVT rate to be raised to 0.1 percent

The government will increase capital value tax (CVT) on shares buying from 0.01 percent to 0.1 percent in the 2005-06 budget, official sources told Business Recorder on Friday. Policy makers said they believe that shares business is highly profitab
Published 04 Jun, 2005 12:00am
Sony cracks down on PSP importers in Britain

Sony cracks down on PSP importers in Britain

A legal fight is brewing in Britain between Sony and the grey-market importers who are selling its highly sought-after PlayStation Portable (PSP) device ahead of the official September 1 European launch date. The PSP, a sleek portable gadget that plays vi
Published 04 Jun, 2005 12:00am
CVT rate to be raised to 0.1 percent

CVT rate to be raised to 0.1 percent

The government will increase capital value tax (CVT) on shares buying from 0.01 percent to 0.1 percent in the 2005-06 budget, official sources told Business Recorder on Friday. Policy makers said they believe that shares business is highly profitab
Published 04 Jun, 2005 12:00am
US and Chinese officials row over textile trade imbalance

US and Chinese officials row over textile trade imbalance

The top US trade negotiator defended on Friday restrictions placed on Chinese textile imports as consistent with a World Trade Organisation deal, but a Chinese minister called them "protectionist." China's Commerce Minister Bo Xilai said on Friday US rest
Published 04 Jun, 2005 12:00am
KSE: budget worries keep investors at bay

KSE: budget worries keep investors at bay

Worries that the government might raise capital value tax in the budget kept most of the investors away from stock market on Friday and the index failed to maintain the early session's gains and closed in the negative column. The KSE-100 index declined by
Published 04 Jun, 2005 12:00am
China doesn't want large rises in foreign exchange reserves

China doesn't want large rises in foreign exchange reserves

China does not want large incremental rises in foreign exchange reserves because it poses a difficult problem for the government, Commerce Minister Bo Xilai said on Friday. China will handle its foreign exchange reserves prudently, he told a news conferen
Published 04 Jun, 2005 12:00am
KSE: budget worries keep investors at bay

KSE: budget worries keep investors at bay

Worries that the government might raise capital value tax in the budget kept most of the investors away from stock market on Friday and the index failed to maintain the early session's gains and closed in the negative column. The KSE-100 index declined by
Published 04 Jun, 2005 12:00am
Japan opens door to new mobile phone operators

Japan opens door to new mobile phone operators

The Japanese government said on Friday it would allow up to three new entrants into the country's 9 trillion yen ($83.17 billion) mobile phone industry, raising the chances of Softbank Corp and eAccess Ltd getting highly covetted wireless licences. The go
Published 04 Jun, 2005 12:00am
KSE: budget worries keep investors at bay

KSE: budget worries keep investors at bay

Worries that the government might raise capital value tax in the budget kept most of the investors away from stock market on Friday and the index failed to maintain the early session''s gains and closed in the negative column. The KSE-100 index declined b
Published 04 Jun, 2005 12:00am
Growth rate of global private sector stays steady

Growth rate of global private sector stays steady

The rate of growth in the global private sector economy held steady in May, an indicator based on national surveys of manufacturing and services companies showed on Friday. The Global All-Industry Output Index, produced by JP Morgan together with research
Published 04 Jun, 2005 12:00am
Star Power granted Rs 2.805 per unit tariff

Star Power granted Rs 2.805 per unit tariff

The National Electric Power Regulatory Authority (Nepra) has allowed Rs 2.805 per unit tariff to Star Power Generation Company Limited (SPGL). The private sector power company was established on a combined cycle (gas & steam based) power generation unit o
Published 04 Jun, 2005 12:00am
Bush willing to work on Africa Marshall Plan, says Mbeki

Bush willing to work on Africa Marshall Plan, says Mbeki

The United States is willing to look for ways to fund a "Marshall Plan" for Africa even if it opposes Britain's plan for a new lending facility, South African President Thabo Mbeki said on Friday. Mbeki, fresh from meeting President George Bush in Washing
Published 04 Jun, 2005 12:00am
Star Power granted Rs 2.805 per unit tariff

Star Power granted Rs 2.805 per unit tariff

The National Electric Power Regulatory Authority (Nepra) has allowed Rs 2.805 per unit tariff to Star Power Generation Company Limited (SPGL). The private sector power company was established on a combined cycle (gas & steam based) power generation unit o
Published 04 Jun, 2005 12:00am
Airbus in Germany denies blame for A380 delay

Airbus in Germany denies blame for A380 delay

Delay in the Airbus A380 double-decker is not the fault of its Hamburg plant, company officials said on Friday, rejecting media reports sourced to Airbus insiders who blamed the German arm of the France-based plane maker. "It's not the case," said Airbus
Published 04 Jun, 2005 12:00am
Star Power granted Rs 2.805 per unit tariff

Star Power granted Rs 2.805 per unit tariff

The National Electric Power Regulatory Authority (Nepra) has allowed Rs 2.805 per unit tariff to Star Power Generation Company Limited (SPGL). The private sector power company was established on a combined cycle (gas & steam based) power generation unit o
Published 04 Jun, 2005 12:00am
L-3 to buy Titan in $2 billion in cash

L-3 to buy Titan in $2 billion in cash

L-3 Communications Holdings Inc on Friday said it would buy Titan Corp for about $2 billion in cash, expanding its reach in defence-intelligence services. The deal is the latest by acquisition-hungry L-3, which has grown into one of the US's leading defen
Published 04 Jun, 2005 12:00am
Selling pressure grips ISE

Selling pressure grips ISE

The pre-budget rally witnessed selling pressure in trend-setters at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index. ISE Network Index showed a decrease of 153.49 poi
Published 04 Jun, 2005 12:00am
MGE wheat lower, influenced by CBOT declines

MGE wheat lower, influenced by CBOT declines

Minneapolis Grain Exchange spring wheat futures closed lower on Thursday on long liquidation and spill over weakness from Chicago Board of Trade wheat, traders said. MGE July wheat ended down 8-1/2 cents at $3.40-1/2 per bushel, with deferred months down
Published 04 Jun, 2005 12:00am
Selling pressure grips ISE

Selling pressure grips ISE

The pre-budget rally witnessed selling pressure in trend-setters at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index. ISE Network Index showed a decrease of 153.49 poi
Published 04 Jun, 2005 12:00am
New York cocoa futures higher on light fund buying

New York cocoa futures higher on light fund buying

US cocoa futures finished up nearly 2 percent on Thursday, buoyed by early fund buying amid a softer dollar and renewed concerns about violence in top cocoa grower Ivory Coast, market sources said. The front-month July cocoa contract advanced $26 to settl
Published 04 Jun, 2005 12:00am
LSE values suffer losses

LSE values suffer losses

Share prices underwent losses on Lahore Stock market (LSE), as profit-taking set in, ending four-day winning streak on last trading day of the week, where the benchmark index was down by 2.36 percent. The LSE-25 index ended at 3681.92 points as compared t
Published 04 Jun, 2005 12:00am
New York coffee futures finish on fund buying

New York coffee futures finish on fund buying

US arabica coffee futures vaulted over 3 percent on Thursday, thanks to rising robusta futures in London prompting funds and speculators to buy anew or cover their short positions, traders said. A lack of producer selling lent support, they said. The New
Published 04 Jun, 2005 12:00am
LSE values suffer losses

LSE values suffer losses

Share prices underwent losses on Lahore Stock market (LSE), as profit-taking set in, ending four-day winning streak on last trading day of the week, where the benchmark index was down by 2.36 percent. The LSE-25 index ended at 3681.92 points as compared t
Published 04 Jun, 2005 12:00am
World market price for upland cotton

World market price for upland cotton

The United States Agriculture Department set the prevailing world market price for upland cotton at 41.24 cents per pound, effective through June 9. The price is adjusted to United States quality and location for Strict Low Middling, 1-1/16 inch upland co
Published 04 Jun, 2005 12:00am
Woman found guilty in British 'witchcraft' case

Woman found guilty in British 'witchcraft' case

A British court found two African women guilty on Friday of torturing and threatening to drown an 8-year-old girl they believed was a witch. The girl, who was born in Angola and whose parents were killed in the civil war there, was brought to Britain by o
Published 04 Jun, 2005 12:00am
Malaysian Islamists urge Anwar to lead opposition

Malaysian Islamists urge Anwar to lead opposition

Malaysia's Islamic party invited the nation's most charismatic opposition figure, Anwar Ibrahim, on Friday to galvanise opposition parties into an alliance to challenge the ruling party's 48-year grip on power. Malaysia's disparate opposition parties see
Published 04 Jun, 2005 12:00am
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