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Print - 2005-06-29
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks gained ground on Tuesday, pushed higher by an encouraging advance in consumer confidence in June and a respite from record oil prices. June consumer confidence climbed to a three-year high of 105.8 and exceeded the forecast of 104 from economist
Published 29 Jun, 2005 12:00am
Indian shares lower

Indian shares lower

Indian share prices closed 1.4 percent lower Tuesday on concern that record high prices for crude oil on international markets could stall economic growth and fuel inflation, dealers said. The Mumbai stock exchange's benchmark 30-share Sensex closed down
Published 29 Jun, 2005 12:00am
Shell and oil sector surge fuels FTSE revival

Shell and oil sector surge fuels FTSE revival

Shell helped drive the UK share market to its biggest rise for six weeks on Tuesday as investors piled into the oil major's shares as its planned restructuring was approved by shareholders and all oil stocks were helped by high crude prices and talk of co
Published 29 Jun, 2005 12:00am
Sterling falls versus dollar

Sterling falls versus dollar

Sterling fell against the dollar and held steady versus the euro on Tuesday, tracking a rebounding greenback as investors waited for fresh UK data on consumer sentiment and the housing market out this week. Investors will look to Bank of England mortgage
Published 29 Jun, 2005 12:00am
Yen sticks to 8-1/2-month low

Yen sticks to 8-1/2-month low

The yen stuck close to an 8-1/2 month low against the dollar on Tuesday as concerns grew that high oil prices would hamper energy-reliant Japan's economic recovery. The dollar was firm across the board ahead of an expected interest rate increase by the Fe
Published 29 Jun, 2005 12:00am
India's farm minister says sowing progressing well

India's farm minister says sowing progressing well

Sowing operations for India's winter crops are progressing well and the pace of the monsoon, the lifeline of Asia's fourth-largest economy, is not a matter of concern, the farm minister said on Tuesday. The slow pace of the June-September monsoon in the f
Published 29 Jun, 2005 12:00am
Weather slowing US soyarust spread: USDA

Weather slowing US soyarust spread: USDA

The US Agriculture Department said Tuesday the movement of soyabean rust in the United States has been slowed because the weather has provided few chances for the fungus to spread. The USDA had said that Tropical Storm Arlene blew "significant" amounts of
Published 29 Jun, 2005 12:00am
EU grain crop dented by heatwave

EU grain crop dented by heatwave

Hot weather in southern Europe has threatened to dent this summer's grain crop, which with the worst drought in Iberia in 60 years, has helped dampen fears of excess supplies next season, analysts said on Tuesday. Spain and Portugal, both net grain import
Published 29 Jun, 2005 12:00am
Oil slumps 4 percent as funds take profits

Oil slumps 4 percent as funds take profits

Oil prices fell nearly 4 percent on Tuesday as hedge fund speculators took profits from an all-time high above $60. US crude ended $2.34 lower at $58.20 a barrel, having set a record at $60.95 on Monday on the New York Mercantile Exchange. London Brent dr
Published 29 Jun, 2005 12:00am
Oil slumps 4 percent as funds take profits

Oil slumps 4 percent as funds take profits

Oil prices fell nearly 4 percent on Tuesday as hedge fund speculators took profits from an all-time high above $60. US crude ended $2.34 lower at $58.20 a barrel, having set a record at $60.95 on Monday on the New York Mercantile Exchange. London Brent dr
Published 29 Jun, 2005 12:00am
Oil slumps 4 percent as funds take profits

Oil slumps 4 percent as funds take profits

Oil prices fell nearly 4 percent on Tuesday as hedge fund speculators took profits from an all-time high above $60. US crude ended $2.34 lower at $58.20 a barrel, having set a record at $60.95 on Monday on the New York Mercantile Exchange. London Brent dr
Published 29 Jun, 2005 12:00am
Supply squeeze drives up refined sugar

Supply squeeze drives up refined sugar

Refined sugar futures shot to multi-year highs on Tuesday and traders said a supply squeeze could drive values through the key $300 resistance level soon. A Reuters news report of a purchase by Sudan of 70,000 tonnes of high-quality sugar from the Dubai r
Published 29 Jun, 2005 12:00am
New York cotton settles easier on profit-taking

New York cotton settles easier on profit-taking

Cotton futures finished easier on Tuesday on speculative profit-taking as fibre contracts retreated after surging recently to their highest levels in seven weeks, traders said. The New York Board of Trade's active December cotton contract slid 1.44 cents
Published 29 Jun, 2005 12:00am
London sugar ends down

London sugar ends down

London sugar futures closed lower after nudging a seven-year front-month continuation high of $297.20 per tonne, and traders said they had potential to hit $300 due to a supply squeeze. Front month August closed down $7 at $280.3 a tonne in volume of 4,54
Published 29 Jun, 2005 12:00am
Metals mostly softer

Metals mostly softer

Base metals largely finished softer on the London Metal Exchange (LME) on Tuesday, led by copper which gravitated towards the lower end of its current sideways range, traders said. The exception to the trend was nickel, which corrected higher after freefa
Published 29 Jun, 2005 12:00am
European gold drops

European gold drops

Gold prices lost their allure in Europe on Tuesday afternoon, with fund selling in thin trade, as investors preferred to wait on the sidelines ahead of US Federal Reserve interest rate meetings, dealers said. Spot gold dipped to $436.00/436.70 per troy ou
Published 29 Jun, 2005 12:00am
US MIDDAY: coffee firmer on speculative short covering

US MIDDAY: coffee firmer on speculative short covering

US arabica coffee futures closed on positive ground Tuesday, bouncing back from early weakness on the heels of speculative short covering and strong gains in London's robusta market, traders said. The New York Board of Trade's bellwether September contrac
Published 29 Jun, 2005 12:00am
US MIDDAY: cocoa at two-week low on speculative selling

US MIDDAY: cocoa at two-week low on speculative selling

The benchmark US cocoa futures price fell to a two-week low on Tuesday, pressured by light speculative selling and weak technical signals in an otherwise uneventful session, traders said. The New York Board of Trade's most-active September cocoa contract
Published 29 Jun, 2005 12:00am
US MIDDAY: sugar falls on profit-taking

US MIDDAY: sugar falls on profit-taking

Raw sugar futures finished easier Tuesday on profit-taking and producer sales as the market took a breather after surging to a 3-1/2 month high yesterday, brokers said. The New York Board of Trade's active October sugar contract fell 0.09 cent to close at
Published 29 Jun, 2005 12:00am
US MIDDAY: wheat lower by harvest pressure

US MIDDAY: wheat lower by harvest pressure

Chicago Board of Trade wheat futures were lower at midsession on Tuesday, weighed by harvest pressure and a major collapse in CBOT soyabeans, traders said. CBOT new-crop November soyabeans were down more than 47 cents at one point, on the heels of a 50-ce
Published 29 Jun, 2005 12:00am
US MIDDAY: corn drops on fund long liquidation

US MIDDAY: corn drops on fund long liquidation

Chicago Board of Trade corn futures fell on Tuesday as hopes of improving US crop weather for the eastern Midwest spurred fund long liquidation, traders said. Old-crop July corn was down 3-1/4 cents at $2.18-1/4 per bushel at midday CDT (1700 GMT). New-cr
Published 29 Jun, 2005 12:00am
US MIDDAY: copper down on profit-taking

US MIDDAY: copper down on profit-taking

US copper futures opened in negative territory early on Tuesday as spread business and some profit-taking kept prices on the defensive, although bullish market fundamentals should continue to support, traders said.
Published 29 Jun, 2005 12:00am
US MIDDAY: soya dives on technical selling

US MIDDAY: soya dives on technical selling

The Chicago Board of Trade soyabean market dived early on Tuesday as massive technical selling surfaced, with prices blowing through key support levels, traders said. New-crop November soyabeans fell nearly the 50-cent trading limit for the second straigh
Published 29 Jun, 2005 12:00am
US MIDDAY: gold slides on technical fund selling

US MIDDAY: gold slides on technical fund selling

Gold futures in New York slid to three-day lows early Tuesday, hit by liquidation in thin volume ahead of US Federal Reserve interest rate talks later in the week and a half-session Friday before the US July Fourth holiday. Silver futures, meanwhile, sank
Published 29 Jun, 2005 12:00am
President fetes outgoing Chief Justice

President fetes outgoing Chief Justice

President General Pervez Musharraf hosted a dinner in the honour of outgoing Chief Justice of Pakistan Justice Nazim Hussain Siddiqui on Tuesday. Prime Minister Shaukat Aziz, federal ministers, judges of the superior courts and senior government functiona
Published 29 Jun, 2005 12:00am
VCOAS visits Pano Aqil Cantt

VCOAS visits Pano Aqil Cantt

Vice Chief of Army Staff (VCOAS) General Ahsan Saleem Hayat on Monday visited Pano Aqil Cantonment. On arrival, General Officer Commanding Major General Ahmad Nawaz Saleem Mela gave him a detailed briefing about ongoing training and administrative activit
Published 29 Jun, 2005 12:00am
Efforts under way to restore Internet link

Efforts under way to restore Internet link

Efforts are on to restore the only submarine Internet link of Pakistan from outside the world which was suspended following a fault that developed in the deep sea on Monday night, bringing the country's entire Internet traffic to almost a complete halt.
Published 29 Jun, 2005 12:00am
Unprecedented increase in oil prices main cause of inflation

Unprecedented increase in oil prices main cause of inflation

Problems in supply management coupled with unprecedented increase in oil prices are main causes of staggering inflation rather than low interest rates. "A 2 percent high increase in the interest rates has adversely contributed to the cost of doing busines
Published 29 Jun, 2005 12:00am
Sugar price keeps rising

Sugar price keeps rising

Sugar price keeps rising in local market at the retail level. This is in spite of the permission given by the government for import of sugar from abroad to stabilise supply and prices. Retailers in the market fear further rise in sugar price because of ma
Published 29 Jun, 2005 12:00am
'Karachi to become most modern city by 2010'

'Karachi to become most modern city by 2010'

Karachi would become the most modern, civilised and peaceful city of the Islamic world by 2010, offering unlimited opportunities. Unfolding the "Vision-2010" at the City Council here on Tuesday, City Nazim Naimatullah Khan declared that the city would pla
Published 29 Jun, 2005 12:00am
'Government to remove information gap between poor and rich'

'Government to remove information gap between poor and rich'

Sindh Minister for Information Technology, Syed Mustafa Kamal has said the government was striving hard to bridge the information gap between poor and rich by setting up free IT centres in remote areas of the province. Addressing a press conference here o
Published 29 Jun, 2005 12:00am
Appointment

Appointment

The Lion's Club Election Committee of International Board of Directors through a notification issued on June 10, 2005 has appointed Nooruddin Ahmed as District Governor for District 305-SI for the year 2005-06, a press release issued here on Tuesday said.
Published 29 Jun, 2005 12:00am
Camp office for Hawkesbay truck stand regularisation

Camp office for Hawkesbay truck stand regularisation

City Nazim Naimatullah Khan was briefed about the ongoing regularisation of illegal buildings at a meeting regarding Regularisation-2000 here on Tuesday. The meeting was attended, among others, by Chief Controller Brigadier A. S. Nasir (Retd) and OSD Rauf
Published 29 Jun, 2005 12:00am
Rs 300 million T&VT project prepared for cabinet's approval

Rs 300 million T&VT project prepared for cabinet's approval

The Ministry of Education (MoE) has prepared a Rs 300 million "National Technical and Vocational Training" (T&VT) project for cabinet's approval, Federal Minister for Education Lieutenant General Javed Ashraf Qazi (Retd) said here on Tuesday. He was talki
Published 29 Jun, 2005 12:00am
Cabinet may approve 'Anti-money Laundering Bill' draft today

Cabinet may approve 'Anti-money Laundering Bill' draft today

The Cabinet is likely to approve draft of 'Anti-money Laundering Bill 2005' in its meeting on Wednesday. According to the proposed bill, the offenders would be awarded four to ten years imprisonment along with a fine of one million rupees and forfeiture o
Published 29 Jun, 2005 12:00am
Tobacco purchase from July 9 in NWFP

Tobacco purchase from July 9 in NWFP

The tobacco companies is going to commence the purchase of flue-cured Virginia tobacco from July 9 in plain areas of NWFP ie Charsadda, Mardan, and Swabi districts. Purchase depots of various tobacco companies shall become fully operative by July 15 in th
Published 29 Jun, 2005 12:00am
NWFP Assembly asks Pesco to end load-shedding in two days

NWFP Assembly asks Pesco to end load-shedding in two days

The NWFP Assembly on Tuesday given a two-day deadline to the Peshawar Electricity Supply Company (Pesco) to stop the massive power load-shedding, and announce a formal schedule if it is really so necessary. The matter was raised by MPA Javid Khan Momand o
Published 29 Jun, 2005 12:00am
Revenue collection estimated to cross Rs 590 billion target

Revenue collection estimated to cross Rs 590 billion target

The Central Board of Revenue (CBR) has estimated to cross Rs 590 billion in July-June (2004-05), says a CBR analysis on revenue projections. Official sources told Business Recorder on Tuesday that the revenue collection analysis has confirmed that
Published 29 Jun, 2005 12:00am
Palestinian enclave amid settlers hopes for relief

Palestinian enclave amid settlers hopes for relief

In a Palestinian enclave marooned between Jewish settlers and the Mediterranean Sea, farmers watch crops rot in rich soil and fishing boats rust on palm-fringed beaches under Israeli army surveillance. Al-Mawasi was once a centre of relative prosperity in
Published 29 Jun, 2005 12:00am
Remarkable distinction

Remarkable distinction

US President William Howard Taft was dining at home when his youngest son made a disrespectful remark to him. Mrs Taft said, "Well, aren't you going to punish him?"
Published 29 Jun, 2005 12:00am
Wind generator farms

Wind generator farms

There is no need to mention how important is power in he existence of human development. The dearth of costly power supply is telling very badly on the informal sector, domestic efficiency and over all national output and production.
Published 29 Jun, 2005 12:00am
Law for motor cyclists

Law for motor cyclists

Each single motorcycle in Karachi carries a minimum of 6-7 passengers along with some baggage. Anybody can witness this scene (not in a circus) but in common practice by Karachiites plying motorcycles on all the roads, including Shahrah-e-Faisal, where a
Published 29 Jun, 2005 12:00am
Need for linkage and joint ventures with Italian firms

Need for linkage and joint ventures with Italian firms

Delocalization refers to a geographical movement or transfer of productive activities essentially to obtain a more favourable cost price. This global shift in production undertakings is either a result of a strategic programme to integrate expertise avail
Published 29 Jun, 2005 12:00am
New industrialisation thrust in Sindh

New industrialisation thrust in Sindh

Speaking at the switch-on ceremony of five electrified villages of Nooriabad, with funds allocated to Senator Mohammed Amin Dadabhoy under Tameer-e-Pakistan programme, Chief Minister Dr Arbab Ghulam Rahim the other day gave the happy tidings of launch of
Published 29 Jun, 2005 12:00am
The Iranian surprise

The Iranian surprise

The outcome of last Friday's run-off election for Iran's presidency has come as an unsettling surprise for most outsiders, especially the Western countries. Some of them had genuinely believed that the chief concern of the Iranian people was social libera
Published 29 Jun, 2005 12:00am
Asia News Editors moot hails Pakistan media

Asia News Editors moot hails Pakistan media

Annual Asia News Editors' conference held here lauded the media's role in Pakistan and said it reflected development of a free press in the country. The conference of Asia News Network (ANN), a grouping of 14 newspapers from Asia was arranged by the leadi
Published 29 Jun, 2005 12:00am
Concession in Railway fares

Concession in Railway fares

Pakistan Railways (PR) administration has decided to extend the date of concession given to the masses in the fares of AC parlour and AC lower class till September 30. According to an announcement, this concession was effective on Lahore-Faisalabad, Lahor
Published 29 Jun, 2005 12:00am
Contractors concerned over increase in cement prices

Contractors concerned over increase in cement prices

All Pakistan Contractors Association (APCA) Chairman, Engineer Sikandar Hayat Khattak, has expressed concern and anxiety on the increase of price of cement to Rs 335 per bag. In a statement issued here, on Tuesday, Sikandar said that cement price had regi
Published 29 Jun, 2005 12:00am
UHS announces research award scheme

UHS announces research award scheme

The University of Health Sciences (UHS) Lahore has introduced a research award scheme for the students of its affiliated medical and dental colleges in a bid to promote and encourage medical research at the undergraduate level. Under the scheme, UHS will
Published 29 Jun, 2005 12:00am
Rs 925 million to be spent on farm uplift

Rs 925 million to be spent on farm uplift

Minister for Agriculture Marketing Punjab, Rana Qasim Noon, has said that the government would spend Rs 925 million on various agricultural developmental projects during the fiscal year 2005-2006 focussing agri research and enhancing productivity. Talking
Published 29 Jun, 2005 12:00am
Kashmir most sensitive issue: Faisal

Kashmir most sensitive issue: Faisal

Minister for Kashmir Affairs and Northern Areas, Syed Faisal Saleh Hayat has said that Kashmir and Palestine are the most sensitive issues in contemporary world, flash points for potential conflicts. Speaking at a PTV programme late Monday night he said,
Published 29 Jun, 2005 12:00am
Full court reference for Justice Siddiqui today

Full court reference for Justice Siddiqui today

A Full Court Reference in the honour of outgoing Chief Justice of Pakistan, Justice Nazim Hussein Siddiqui, will be held on June 29 on his retirement at 11.30 am in Court Room No 1 of the Supreme Court Building. According to Supreme Court Registrar Budha
Published 29 Jun, 2005 12:00am
Workshop on feature writing

Workshop on feature writing

Punjab Minister for Education, Imran Massed will chair a one-day workshop on 'Feature writing: importance and requirements' to be held here under the aegis of Press Institute of Pakistan (PIP) on Wednesday. Special Education Minister, Qudsia Lodhi and Sal
Published 29 Jun, 2005 12:00am
Call to regularise 1,600 PWD workers

Call to regularise 1,600 PWD workers

The Executive Committee of All Pakistan Clerks Association (APCA), Population Welfare Department (PWD) Larkana, on Monday demanded the government to regularise the services of 1,600 employees, working on contract basis since 1998. The meeting also demande
Published 29 Jun, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (June 28) and the forecast for Wednesday (June 29, 2005).
Published 29 Jun, 2005 12:00am
'Army to provide help in flood situation'

'Army to provide help in flood situation'

A meeting of district administration was held here on Tuesday to review the measures taken to tackle possible floods in the district. The meeting was chaired by Dr Waqar Chaudhry D O (Revenue) Hafizabad and attended by all concerned. Army Officers present
Published 29 Jun, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 28, 2005).

Published 29 Jun, 2005 12:00am
Astore river flooding causes immense damages

Astore river flooding causes immense damages

The floodwater of Astore river in the different parts of district Astore has damaged hundreds of houses, rendering thousands of homeless and closing down Shar-e-Astore for all kind of traffic. The hot weather has led to floods in parts of north-western of
Published 29 Jun, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 28, 2005).

Published 29 Jun, 2005 12:00am
Payment of principal sales tax amount advised

Payment of principal sales tax amount advised

Collector Sales Tax, Hafiz Jamil Owasi, has advised the business community to pay principal amount of the sales tax outstanding against them before June 30 so as to take advantage of facilities available to them under SRO 520. While addressing the members
Published 29 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 29 Jun, 2005 12:00am
Pakistani photo fair in Beijing to project country's image

Pakistani photo fair in Beijing to project country's image

"Image of Pakistan" colour photo-exhibition held in Beijing on Tuesday to project the country's social and cultural life and tourism potential. The exhibition comprised over 100 photographs, which were collected by the journalists of three Chinese leading
Published 29 Jun, 2005 12:00am
New York cotton

New York cotton

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

Published 29 Jun, 2005 12:00am
Government giving priority to far-flung areas uplift

Government giving priority to far-flung areas uplift

District Nazim Major Tahir Sadiq (Retd) has said that the government is giving priority to facilitate the people living in far-flung areas and has allocated million of rupees for this purpose. This, he said, while inaugurating provision of electricity to
Published 29 Jun, 2005 12:00am
Key stock market movements at 1700 GMT on June 28

Key stock market movements at 1700 GMT on June 28

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 29 Jun, 2005 12:00am
I&V cell established in Punjab Police

I&V cell established in Punjab Police

An inspection and vigilance cell (I&VC) has been established in the Punjab police to restore the confidence of people in police by addressing genuine public grievances at their doorsteps. Explaining the salient features of the cell, Additional Inspector G
Published 29 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 28, 2005).

Published 29 Jun, 2005 12:00am
Work on Rs 735 million chairlift project to begin this fiscal year

Work on Rs 735 million chairlift project to begin this fiscal year

Initial work on Rs 735 million chair lift/cable car system and allied facilities project is expected to begin during the current fiscal year at Fort Monroe, the only hill station of Southern Punjab in D G Khan district. "PC-II of the project, involving Rs
Published 29 Jun, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 28, 2005).

Published 29 Jun, 2005 12:00am
'Record development works undertaken in agriculture sector'

'Record development works undertaken in agriculture sector'

Federal Minister for Food, Agriculture and Livestock, Sikandar Hayat Khan Bosan, on Tuesday said a record number of development works have been implemented, particularly in agriculture sector under the leadership of President General Pervez Musharraf. He
Published 29 Jun, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (June 28, 2005) and Wednesday (June 29, 2005).
Published 29 Jun, 2005 12:00am
PML gaining popularity in NWFP: Mushahid

PML gaining popularity in NWFP: Mushahid

Pakistan Muslim League (PML) Secretary General Mushahid Hussain Syed on Tuesday said the PML has become popular party at grass roots level and would win the forthcoming local bodies and general elections. Addressing a public gathering here, Senator Mushah
Published 29 Jun, 2005 12:00am
Reap to organise 'Biryani Festivals' in China

Reap to organise 'Biryani Festivals' in China

The rice export to China would start from October of this year and more than 50,000 tons of Super Basmati rice are expected to be exported this year. This was stated by the former chairman of Rice Exporters Association of Pakistan (Reap) and chairman of H
Published 29 Jun, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 28, 2005).

Published 29 Jun, 2005 12:00am
45 prisoners released from Kot Lakhpat jail

45 prisoners released from Kot Lakhpat jail

The Punjab government on Tuesday released as many as 45 prisoners form Kot Lakhpat Jail, who were arrested from Afghanistan. These prisoners belong to different cities of Punjab, including Lahore, Gujranwala, Faisalabad, Sahiwal, Rahim Yar Khan and Rawalp
Published 29 Jun, 2005 12:00am
279 food department chowkidars regularised

279 food department chowkidars regularised

Sindh Chief Minister Dr Arbab Ghulam Rahim has ordered regularisation of services of 279 chowkidars of the Sindh food department, who were appointed on contingent paid basis some years back. According to an official handout issued here on Tuesday, the chi
Published 29 Jun, 2005 12:00am
Government may allocate land for bangle industry in Hyderabad

Government may allocate land for bangle industry in Hyderabad

Sindh Minister for Industries Adil Siddiqui has informed the business community that the government is considering to allocate 50 acres of land for development of bangle industry in Hyderabad. Addressing a meeting held in Federation House, Karachi, organi
Published 29 Jun, 2005 12:00am
THE RUPEE: five paisa fall in open market

THE RUPEE: five paisa fall in open market

Falling trend was seen in the open market on Tuesday as the rupee shed five paisa versus the US currency for buying and selling at 60.45 and 60.50, dealers said. Rising demand from the interbank market pushed the rate down in the open market, they said.
Published 29 Jun, 2005 12:00am
Rs 43.87 billion CDGK budget approved

Rs 43.87 billion CDGK budget approved

The City Council Karachi on Tuesday approved Rs 43.87 billion development-oriented budget for fiscal 2005-06 with a major chunk of Rs 20.280 billion for development projects in the metropolis. In an unusual fashion, the budget of the City District Governm
Published 29 Jun, 2005 12:00am
THE RUPEE: five paisa fall in open market

THE RUPEE: five paisa fall in open market

Falling trend was seen in the open market on Tuesday as the rupee shed five paisa versus the US currency for buying and selling at 60.45 and 60.50, dealers said. Rising demand from the interbank market pushed the rate down in the open market, they said.
Published 29 Jun, 2005 12:00am
Rs 43.87 billion CDGK budget approved

Rs 43.87 billion CDGK budget approved

The City Council Karachi on Tuesday approved Rs 43.87 billion development-oriented budget for fiscal 2005-06 with a major chunk of Rs 20.280 billion for development projects in the metropolis. In an unusual fashion, the budget of the City District Governm
Published 29 Jun, 2005 12:00am
Airblue to go international from August 14

Airblue to go international from August 14

Having completed one year of successful domestic operations, Airblue would go international from August 14. Chief Operating Officer (COO), Airblue Ltd, Shahid Khaqan Abbasi, addressing a press conference at a local hotel on Tuesday, announced that the int
Published 29 Jun, 2005 12:00am
SSUET among top 10 world universities

SSUET among top 10 world universities

Sir Syed University of Engineering & Technology, Karachi has been adjudged among top 10 universities of the world in IEEE CSIDC competition in USA. Of nearly 200 teams from 109 universities that participated in the CSIDC 2005, the top ten projects were se
Published 29 Jun, 2005 12:00am
Modarabas: AL-ZAMIN LEASING MODARABA - Nine Months ended March 31, 2005

Modarabas: AL-ZAMIN LEASING MODARABA - Nine Months ended March 31, 2005

Al-Zamin Leasing Modaraba was formed in 1991 and commenced its operation in August 1992 with a paid up capital of Rs 100 million. It was listed on the Karachi, Lahore and Islamabad Stock Exchanges in July 1992 through a public offer which was oversubscrib
Published 29 Jun, 2005 12:00am
10 more free IT awareness centres to be opened today

10 more free IT awareness centres to be opened today

Sindh Ministry of Information Technology is concentrating simultaneously on rural and urban parts of Sindh for establishment of 'IT Awareness Centres'. The provincial IT Minister Mustafa Kamal at a press conference here shared these views on Tuesday.
Published 29 Jun, 2005 12:00am
Modarabas: AL-ZAMIN LEASING MODARABA - Nine Months ended March 31, 2005

Modarabas: AL-ZAMIN LEASING MODARABA - Nine Months ended March 31, 2005

Al-Zamin Leasing Modaraba was formed in 1991 and commenced its operation in August 1992 with a paid up capital of Rs 100 million. It was listed on the Karachi, Lahore and Islamabad Stock Exchanges in July 1992 through a public offer which was oversubscrib
Published 29 Jun, 2005 12:00am
Heat stroke can cause instant death: Expert

Heat stroke can cause instant death: Expert

Heat stroke is life threatening and if immediate medical cover is not provided to the victim, death can occur instantly, as body temperature rises above 100 degrees F. This was stated by Secretary General Pakistan Society of Family Physicians (PSFP), Dr S
Published 29 Jun, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (June 28, 2005).

Published 29 Jun, 2005 12:00am
Airblue celebrates its first anniversary

Airblue celebrates its first anniversary

Airblue, a new private carrier entering the aviation industry in Pakistan held a colourful programme at the lush green lawns of Garrison Country Club here on Monday night, to celebrate its first anniversary, where performance awards were also given to the
Published 29 Jun, 2005 12:00am
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