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Print - 2005-07-15
EU grants wheat export subsidies

EU grants wheat export subsidies

The European Union kicked off the 2005/2006 grain campaign giving mixed signals for its export policy as it granted subsidies for free-market wheat and allowed hefty sales of intervention barley from Germany. The EU's weekly management committee also reje
Published 15 Jul, 2005 12:00am
New York cotton touch firmer

New York cotton touch firmer

Cotton futures finished marginally higher Thursday on modest speculative buying and the market will likely stay in a tight band before the weekend, analysts said. The New York Board of Trade's December cotton contract rose 0.28 cent to finish at 51.84 cen
Published 15 Jul, 2005 12:00am
London coffee jumps

London coffee jumps

London coffee closed at its highest level in a week on Thursday after gaining strength from a moderate rebound in New York prices, dealers said. London's benchmark September robusta futures closed $16 higher at $1,239 a tonne after trading 5,407 lots in a
Published 15 Jul, 2005 12:00am
Base metals higher

Base metals higher

Base metals ended higher on Thursday on the London Metal Exchange (LME) with copper supported by industrial unrest and tin rebounding from earlier 17-month lows on bargain-hunting, traders said. "Asarco got copper going on Wednesday, and the Zambia news h
Published 15 Jul, 2005 12:00am
European gold defies bears, follows euro higher

European gold defies bears, follows euro higher

Gold moved back up to unchanged levels in Europe on Thursday afternoon, having earlier flirted with a one-month low around $421 an ounce, helped by a weaker dollar later in the day, traders said. Spot gold was at $423.70/424.40 per troy ounce by 1440 GMT,
Published 15 Jul, 2005 12:00am
US MIDDAY: coffee rallies on speculative, fund buying

US MIDDAY: coffee rallies on speculative, fund buying

US arabica coffee futures rallied more than 3 percent to end at a two-week high Thursday, bolstered by a late spurt of speculative and fund buying amid strong technical signals, traders and analysts said.
Published 15 Jul, 2005 12:00am
US MIDDAY: cocoa moves up in rangebound trading

US MIDDAY: cocoa moves up in rangebound trading

US cocoa futures prices closed modestly firmer in rangebound trading Thursday, with market players gearing up for US second-quarter grindings data due before the start of the next session, traders said.
Published 15 Jul, 2005 12:00am
US MIDDAY: sugar mixed on fund buying

US MIDDAY: sugar mixed on fund buying

Raw sugar futures closed mixed Thursday as fund buying was offset by producer sales and the sweetener is seen trading in a band ahead of the weekend, brokers said. The New York Board of Trade's October sugar contract rose 0.01 cent to close at 9.59 cents
Published 15 Jul, 2005 12:00am
US MIDDAY: wheat jumps on speculative demand

US MIDDAY: wheat jumps on speculative demand

Wheat futures at the Chicago Board of Trade rallied to four-week highs early on Thursday following surging corn and soy, traders said. Wheat traders said the strong gains in row crops, tied to harsh weather in the US Midwest, again triggered spillover spe
Published 15 Jul, 2005 12:00am
US MIDDAY: corn higher on Midwest dry weather condition

US MIDDAY: corn higher on Midwest dry weather condition

The Chicago Board of Trade corn market were sharply higher early on Thursday, boosted by concerns that the US corn crop was shrinking as dry weather blanketed the Midwest in the midst of pollination, traders said. Of greatest concern was dryness in the ke
Published 15 Jul, 2005 12:00am
US MIDDAY: copper firmer in thin trade

US MIDDAY: copper firmer in thin trade

New York copper futures opened firmer in thin trade early on Thursday and were in sight of fresh highs as further supply disruptions were reported, sources said. The market opened about a penny higher on the news that workers went on strike over pay at Za
Published 15 Jul, 2005 12:00am
US MIDDAY: soyabeans rise in active trade

US MIDDAY: soyabeans rise in active trade

Chicago Board of Trade soyabean futures rose in active trade on Thursday as concerns about the size of the US soyabean crop amid hot, dry weather blanketing the Midwest spurred speculative buying, traders said. Meteorlogix weather service said a drier and
Published 15 Jul, 2005 12:00am
US MIDDAY: gold pares fall in thin trading

US MIDDAY: gold pares fall in thin trading

US gold futures stood barely changed after paring modest declines early on Thursday, with the market closely linked to moves in the US currency in thin summer trading, dealers said. By 9:35 am EDT, August delivery gold was flat at $424.60 an ounce on the
Published 15 Jul, 2005 12:00am
Kissan bodies

Kissan bodies

The Pakistan 'Ghareeb Kissan Tehrik' and organisation 'SAAG' will hold a protest against WTO and other agricultural agreements in front of Lahore Press Club on July 16 at 4:00 pm to express solidarity with the small farmers. This information was received
Published 15 Jul, 2005 12:00am
Flood situation at Kotri Barrage area under control

Flood situation at Kotri Barrage area under control

Flood situation at Kotri Barrage command area remained under control and Sindh irrigation department has already taken all precautionary measures to meet the challenge of current peak of flood which will enter the command area between July 17 and 18. If t
Published 15 Jul, 2005 12:00am
Flood situation at Kotri Barrage area under control

Flood situation at Kotri Barrage area under control

Flood situation at Kotri Barrage command area remained under control and Sindh irrigation department has already taken all precautionary measures to meet the challenge of current peak of flood which will enter the command area between July 17 and 18. If t
Published 15 Jul, 2005 12:00am
Soomro to visit Gambia

Soomro to visit Gambia

Senate of Pakistan Chairman Muhammadmian Soomro will visit Gambia by the end August 2005 after local bodies' elections on the invitation of Gambian President Al Haji Dr Yahya A J J Jammeh. Informed sources said Soomro will deal a parliamentarians and busi
Published 15 Jul, 2005 12:00am
Pakistan Navy on high alert to cope with floods

Pakistan Navy on high alert to cope with floods

Pakistan Navy has put its special forces on high alert in the areas of Shah Bandar, Keti Bandar, Jati, Sajawal and Chur Jamali to meet any eventuality in case of floods. This was announced in a press release of ISPR (Navy) issued here on Thursday.
Published 15 Jul, 2005 12:00am
Five rain relief camps set up

Five rain relief camps set up

The Town Municipal Administration of New Karachi has established five relief camps, and asked local NGOs to help the Town administrations in taking precautionary measures to meet any emergency during expected rains. The camps were set up at the Government
Published 15 Jul, 2005 12:00am
$100 million World Bank loan signing ceremony postponed

$100 million World Bank loan signing ceremony postponed

A 24-hour delay in the arrival of legal documents from the World Bank's headquarters in Washington to its regional office in Islamabad has forced rescheduling of date of $100 million loan signing ceremony, sources said.
Published 15 Jul, 2005 12:00am
BMA Capital highest ranked Pakistani, South Asian bank

BMA Capital highest ranked Pakistani, South Asian bank

Pakistan's premier investment banking firm BMA Capital is the highest ranked Pakistani & South Asian investment bank, according to Bloomberg, Financial News Agency. Bloomberg has ranked BMA at the impressive No 2 spot after J.P. Morgan in global firms ope
Published 15 Jul, 2005 12:00am
Second Saarc health ministers moot from today

Second Saarc health ministers moot from today

The second Saarc health ministers conference would commence here on Friday with Millennium Development Goals (MDGs) on top of its agenda. The other major challenges for the health experts would be to draw up an action plan for abating crippling numbers of
Published 15 Jul, 2005 12:00am
Two agreements signed with Italy

Two agreements signed with Italy

Italy would provide Pakistan a grant of 7.7 million euros for the promotion and the development of Small and Medium Enterprises (SME) sector in Pakistan. The agreement in this regard was signed on behalf of Pakistan by Minister for Investment and Privatis
Published 15 Jul, 2005 12:00am
Quiz show on July 16

Quiz show on July 16

The ACCA Pakistan annual quiz show will be held on July 16 here at the National Insurance Company. A release said that a similar competition was organised last year, marked with a series of events to mark the centenary celebrations in Pakistan. CAMS Colle
Published 15 Jul, 2005 12:00am
Shaukat urges world to reconsider Iraq policy

Shaukat urges world to reconsider Iraq policy

Prime Minister Shaukat Aziz on Thursday said that the world should revisit its policies regarding Iraq in order to bring out that country from the present crisis and remove the sense of deprivation from the minds of its people. He said this while replying
Published 15 Jul, 2005 12:00am
Water-borne disease: concern voiced over rising human toll

Water-borne disease: concern voiced over rising human toll

The Consumer Rights Commission of Pakistan (CRCP) on Tuesday expressed grave concerns over heavy toll to human lives caused by contaminated water and urged the government to implement water policy sooner than latter. "We demand of the government to implem
Published 15 Jul, 2005 12:00am
Housing industry exhibition arrangements reviewed

Housing industry exhibition arrangements reviewed

A meeting was held on Thursday to finalise the arrangements for three-day International Housing Industry Exhibition to be commenced on July 29-31, 2005 at the Karachi Expo Center. The meeting, chaired by Karachi Building Control Authority (KBCA) Chief Con
Published 15 Jul, 2005 12:00am
'Funding for Sindh health sector raised by 32 percent'

'Funding for Sindh health sector raised by 32 percent'

Development funding for the health sector in Sindh has been increased by 32 percent in the year 2005 raising the year's allocation from Rs 600 million to Rs 795 million for provincial schemes alone. This was stated by Sindh Additional Chief Secretary (Dev
Published 15 Jul, 2005 12:00am
HEC approves Rs 24 million project for Sargodha University

HEC approves Rs 24 million project for Sargodha University

Higher Education Commission (HEC) on Thursday has approved Rs 24 million project to initiate BS, M Phil and Ph D programmes in economics at the University of Sargodha (UoS). Under the project, the HEC will provide funds to construct an infrastructure of 1
Published 15 Jul, 2005 12:00am
Hasba Bill termed political gimmick

Hasba Bill termed political gimmick

Pir of Zakori Sharif Dr Khalid Raza Zakori has termed Hasba bill as a political endeavour by the Muttahida Majlis-e-Amal (MMA) government to regain its lost popularity and the procedure adopted for its passage was unIslamic. Talking to newsmen, Pir Zakori
Published 15 Jul, 2005 12:00am
Kathmandu is humming, but Nepal frozen in crisis

Kathmandu is humming, but Nepal frozen in crisis

It's an hour before midnight and Kathmandu's Go Go Bar, a portrait of the Dalai Lama by the entrance, is packed with the boisterous sons of Nepal's new middle class stuffing cash into the dancers' knickers. Kathmandu is humming, its young people spending
Published 15 Jul, 2005 12:00am
Indian water floods Pakistan

Indian water floods Pakistan

Between the convening night of 06-07 July, India opened the gates of its dams, discharging millions cusecs of water to flow towards Pakistan. The concerned Indian authorities, despite their pre-planning of launching such a course of action directly affect
Published 15 Jul, 2005 12:00am
How to use microwave: a warning

How to use microwave: a warning

My 26-year-old son decided to have a cup of coffee. He took a cup of water and put it in the microwave to heat it up (something that he had done numerous times before). I am not sure how long he set the timer for, but he told me he wanted to bring the wat
Published 15 Jul, 2005 12:00am
London's East End to unite after bomb attacks

London's East End to unite after bomb attacks

On July 6, London won the right to host the 2012 Olympics in part because of its multi-racial society which offers a home to people from all over the world. Twenty-four hours later, suicide bombings killed more than 50 people in the British capital. The f
Published 15 Jul, 2005 12:00am
Invest in people, not in arms

Invest in people, not in arms

Human power - a real asset, subject to appreciation (not depreciation) with the passage of time is considered as a kingpin for national progress and prosperity particularly in the case of the developing world. Having a cursory look at the past, it becomes
Published 15 Jul, 2005 12:00am
Time for difficult decisions

Time for difficult decisions

It was expected that tightening of the monetary policy by the State Bank of Pakistan during 2004-05, as indicated by successive increases in T-bill yields, raise in discount rate and an upward trend in lending rates of the commercial banks, would slow dow
Published 15 Jul, 2005 12:00am
Senate summoned to meet on July 22

Senate summoned to meet on July 22

The President has summoned the Senate to meet in the Parliament House here on July 22 (Friday) at 6 pm. The Senate session has been summoned by the President, in exercise of the powers conferred by clause (1) of Article 54 of the Constitution of the Islam
Published 15 Jul, 2005 12:00am
Atta delivers keynote address at Ecosoc moot

Atta delivers keynote address at Ecosoc moot

Professor Atta-ur-Rehamn Co-ordinator General of Comstech delivered a keynote address on the occasion of Economic and Social Council (Ecosoc) 2005 at the United Nations headquarters in New York recently. The Ecosoc meeting was also addressed by UN Secreta
Published 15 Jul, 2005 12:00am
The Weather

The Weather

The weather report on Thursday (July 14) and the forecast for Friday (July 15, 2005).
Published 15 Jul, 2005 12:00am
'Livestock policy to be sent to cabinet next month'

'Livestock policy to be sent to cabinet next month'

Federal Food Minister Sikandar Hayat Khan Bosan said on Thursday a livestock policy aimed at enhancing both meat and dairy production had almost been finalised and would be submitted to the federal cabinet early next month. The minister added the emphasis
Published 15 Jul, 2005 12:00am
'Government to bear Rs 1.5 billion burden on POL subsidy fortnightly'

'Government to bear Rs 1.5 billion burden on POL subsidy fortnightly'

Advisor to the Prime Minister on Finance Salman Shah has said that after announcing marginal increase in the prices of certain petroleum products, the government still has to bear a fortnightly burden of Rs 1.5 billion. "We have tried to bear the burden t
Published 15 Jul, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Jul, 2005 12:00am
CEC rules out postponement of local government polls

CEC rules out postponement of local government polls

Acting Chief Election Commissioner (CEC), Justice Abdul Hameed Dogar on Thursday ruled out postponement of forthcoming local government elections. "There is no such possibility," he replied to a question at the concluding session of one day workshop organ
Published 15 Jul, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Jul, 2005 12:00am
Husaini Blood Bank offers help to train victims

Husaini Blood Bank offers help to train victims

Dr Sarfaraz Jafry of the Husaini Blood Bank on Thursday said that his organisation would provide blood to all the injured people in the Ghotki train accident and so far 250 units had been handed over to the Sindh Blood Transfusion Authority.
Published 15 Jul, 2005 12:00am
Key stock market movements at 1700 GMT on July 14

Key stock market movements at 1700 GMT on July 14

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 15 Jul, 2005 12:00am
Trade policy must favour businessmen: Unisame

Trade policy must favour businessmen: Unisame

President Union of Small & Medium Enterprises (Unisame), Zulfikar Thaver has urged Federal Commerce Minister that the trade policy should aim at facilitating traders and make conducting of business hassle free. Thaver emphasised the need for regular smoot
Published 15 Jul, 2005 12:00am
Rafi Peer Group performs at AKU

Rafi Peer Group performs at AKU

Renowned drama artist Usman Peerzada, and brothers Faizaan and Salman, of the Rafi Peer Theatre Group, left a profound impression on the audience, as they made their eloquent and extempore discourses on 'Institutions and Individuals: A Journey Through Art
Published 15 Jul, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (July 14, 2005) and Friday (July 15, 2005).
Published 15 Jul, 2005 12:00am
Watercourses lining progress reviewed

Watercourses lining progress reviewed

The National Programme for Improvement of Watercourses (NPIW) Sindh Project Director, Mohammad Younus Dagha, has warned the officers concerned to complete the lining work of targeted watercourses by July 31, 2005 and in failing which action would be taken
Published 15 Jul, 2005 12:00am
40 percent work on Greater Thal Canal completed, says Jatoi

40 percent work on Greater Thal Canal completed, says Jatoi

Federal Water and Power Minister Liaquat Ali Jatoi on Thursday said that 40 percent work on the Greater Thal Canal has been completed. He was addressing a press conference here. He said that the Sindh government is responsible for provision of water for i
Published 15 Jul, 2005 12:00am
PPP terms Hasba Bill attack on moderate Pakistan

PPP terms Hasba Bill attack on moderate Pakistan

Sherry Rehman MNA, Chairperson, Central Policy Planning, Pakistan Peoples Party (PPP) giving her statement on Hasba Bill here on Wednesday said that the Hasba Bill represents a full frontal attack on Pakistan as a moderate Muslim state.
Published 15 Jul, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 15 Jul, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
Ministry to hold training programme for Haj pilgrims

Ministry to hold training programme for Haj pilgrims

Secretary, Ministry of Religious Affairs, Vakil Ahmad Khan Thursday said that ministry would arrange extensive training programme for pilgrims during current Haj season. Speaking at a PTV programme, he said the Ministry had written letters to vice chancel
Published 15 Jul, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
SU and KU plan 'Sindh vision, envision' moot next year

SU and KU plan 'Sindh vision, envision' moot next year

The Universities of Sindh, Jamshoro, and Karachi are jointly organising a four-day international conference on "Sindh vision and envision conference" in February next year at Karachi. Prime Minister Shaukat Aziz will inaugurate the conference, while Senat
Published 15 Jul, 2005 12:00am
'Big scope of co-operation between UAF and UK universities'

'Big scope of co-operation between UAF and UK universities'

Dr Mathias Brust from the Center for Nanoscal Science University of Liverpool, UK said that there was a big scope of co-operation between the University of Agriculture Faisalabad (UAF) and UK universities in the field of education and research. He said th
Published 15 Jul, 2005 12:00am
India must resolve Kashmir issue before seeking UNSC berth: Sultan

India must resolve Kashmir issue before seeking UNSC berth: Sultan

Former AJK premier and Opposition Leader in Legislative Assembly Sultan Mahmud Choudhry said that there could be no objection of India becoming the permanent member of the UN Security Council provided it concedes the right to self-determination of Kashmir
Published 15 Jul, 2005 12:00am
THE RUPEE: euro suffers setback

THE RUPEE: euro suffers setback

The euro failed to retain its firmness versus the rupee in the open market on Thursday, tracking the international market direction, losing 60 paisa for buying and selling at Rs 73.05 and Rs 73.20, respectively.
Published 15 Jul, 2005 12:00am
'Self-accountability must for social justice'

'Self-accountability must for social justice'

President Azad Jammu Kashmir, Major General Sardar Muhammad Anwar Khan (Retd) has underlined the need for the observance of merit in order to ensure justice. He was addressing a briefing in Supreme Court Chief Justice Chamber here. The Chief Justice of AJ
Published 15 Jul, 2005 12:00am
THE RUPEE: euro suffers setback

THE RUPEE: euro suffers setback

The euro failed to retain its firmness versus the rupee in the open market on Thursday, tracking the international market direction, losing 60 paisa for buying and selling at Rs 73.05 and Rs 73.20, respectively.
Published 15 Jul, 2005 12:00am
Wapda announces relief in power rates for farmers

Wapda announces relief in power rates for farmers

Water and Power Development Authority (Wapda) has started inviting applications for installation of (ToD) meters on agricultural tube-well connections. This decision has been taken, with a view to boost agriculture sector and providing relief to the farme
Published 15 Jul, 2005 12:00am
Wapda announces relief in power rates for farmers

Wapda announces relief in power rates for farmers

Water and Power Development Authority (Wapda) has started inviting applications for installation of (ToD) meters on agricultural tube-well connections. This decision has been taken, with a view to boost agriculture sector and providing relief to the farme
Published 15 Jul, 2005 12:00am
UHS approves Rs 138 million budget for 2005-06

UHS approves Rs 138 million budget for 2005-06

The University of Health Sciences (UHS) Lahore, Board of Governors (BoGs), has approved the estimated budget of Rs 138 million for the financial year 2005-2006, showing a deficit of Rs 0.309 million, which would be met from the balance available with the
Published 15 Jul, 2005 12:00am
Resolution to support Pak-India gas line tabled in US Congress

Resolution to support Pak-India gas line tabled in US Congress

United States Congressman Jim McDermott has introduced a resolution in the House of Representatives supporting Pakistan-India gas pipeline, saying it a "landmark initiative in bilateral energy co-operation between the two countries."
Published 15 Jul, 2005 12:00am
House ownership papers given to coastal villagers

House ownership papers given to coastal villagers

Sindh Population Welfare Minister Syed Ali Bux here on Thursday distributed the ownership documents of 38 houses among the people of the coastal village - Golo Manrdo. A total of 74 houses are being constructed under the financial assistance of Rs 20 mill
Published 15 Jul, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
0.269 million acres of cotton crop damaged in Punjab

0.269 million acres of cotton crop damaged in Punjab

Heavy rains and floods have affected about 0.269 million acres of cotton crop amounting to 4 percent of the total cotton cultivated area in the province. Director General Agriculture (Extension) revealed at a meeting of cotton crop Management Group (CCMG)
Published 15 Jul, 2005 12:00am
England team tour: Bank Alfalah gets sponsorship rights

England team tour: Bank Alfalah gets sponsorship rights

Pakistan Cricket Board (PCB) has announced that Bank Alfalah has acquired title sponsorship rights for both the test and one day international series of England's tour to Pakistan (October-December 2005). A spokesman of PCB said here on Thursday that the
Published 15 Jul, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
LSE suspends trading of 9 companies

LSE suspends trading of 9 companies

The Lahore Stock Exchange (LSE) has suspended trading in shares of nine listed companies for 60 days on account of default of listing regulations, and in the light of the directives of high courts with effect from July 18.
Published 15 Jul, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (July 14, 2005).

Published 15 Jul, 2005 12:00am
PML-N raps railway high-ups for Ghotki accident

PML-N raps railway high-ups for Ghotki accident

The Pakistan Muslim League Nawaz (PML-N) has criticised the failure of railway authority and said the tragic Ghotki accident seemed to be a result of sheer negligence and incompetence of the railway administration, but unfortunately it was being labelled
Published 15 Jul, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jul, 2005 12:00am
Hashmi case hearing today

Hashmi case hearing today

An accountability court will proceed with a reference against acting president PML-N Javed Hashmi on Friday. The accused has been facing the charges of corruption and making illegal assets in excess of his income. The court will also proceed with another
Published 15 Jul, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jul, 2005 12:00am
'Maximum funds being provided for cancer treatment'

'Maximum funds being provided for cancer treatment'

Punjab Health Minister Dr Tahir Ali Javed has said the government was providing maximum funds for prevention and treatment of cancer, especially for children. He expressed these views while addressing a workshop on Pediatric Oncology at Children Hospital
Published 15 Jul, 2005 12:00am
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