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May 03, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-08-11
Restructuring of federal hospitals' posts under study

Restructuring of federal hospitals' posts under study

The federal health ministry is contemplating to restructure posts of doctors and other relevant medical professionals serving at medical centres administered by it in different parts of the country.
Published 11 Aug, 2005 12:00am
$3 billion FDI to be attracted this year: Shaukat

$3 billion FDI to be attracted this year: Shaukat

Prime Minister Shaukat Aziz has expressed the confidence that Pakistan will attract $3 billion worth of foreign direct investment (FDI) during the current financial year.
Published 11 Aug, 2005 12:00am
International media, foreign observers to be invited to monitor LB polls

International media, foreign observers to be invited to monitor LB polls

Federal Information Minister Shaikh Rasheed Ahmed on Wednesday said government had decided to invite international media and foreign observers to monitor upcoming local bodies polls and adding asked opposition to prove its allegations of pre-poll rigging
Published 11 Aug, 2005 12:00am
ICCI to establish 'Food Mall' at Golra railway station

ICCI to establish 'Food Mall' at Golra railway station

Islamabad Chamber of Commerce and Industry (ICCI) has planned to establish a Food Mall in collaboration with the Pakistan Railways and Capital Development Authority (CDA) at Golra Railway Station heritage point. In a statement issued here on Wednesday ICC
Published 11 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
PPMA member's kidnapping resented

PPMA member's kidnapping resented

Pakistan Pharmaceutical Manufacturers Association (PPMA), in its emergent meeting held here on Tuesday, expressed grave concern over the kidnapping of Mass Pharma chief executive, Kh Muhammad Akram.
Published 11 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Express trains to stop at Khairpur

Express trains to stop at Khairpur

The Pakistan Railways (PR) administration has allowed a two-minute stoppage to One-Up (Khyber Mail), 11-Up (Chenab Express) and 31-Up/32-Down (Balochistan Express) at Khairpur Railway Station.
Published 11 Aug, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Industrial production of citric acid: MoU signed

Industrial production of citric acid: MoU signed

The Pakistan Science Foundation (PSF), National Institute of Biotechnology and Genetic Engineering (NIBGE), Shafi-Resco-Chemical and Pakistan Atomic Energy Commission (PAEC) signed a memorandum of understanding (MoU) on Tuesday for "industrial production
Published 11 Aug, 2005 12:00am
ECP urged to ensure safety of women in local bodies' polls

ECP urged to ensure safety of women in local bodies' polls

The Civil Societies Alliance Wednesday demanded protection for women participating and voting in the upcoming local bodies' polls and demanded of the Election Commission of Pakistan (ECP) to declare results null and void in areas where women had been barr
Published 11 Aug, 2005 12:00am
Open and Closed end mutual funds

Open and Closed end mutual funds

Open and closed end mutual funds from Al Meezan Investments Pure, Profit on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Tasnim Noorani's services lauded

Tasnim Noorani's services lauded

Ahmad Kamal, former Chairman, Pakistan Textile Exporters Association (PTEA), Sh. Mukhtar Ahmad, Chairman Garment City, Faisalabad and former Chairman, PTEA and Faisalabad Dry Port Trust, Chaudhry Muhammad Siddique, former Chairman PTEA and Chairman.
Published 11 Aug, 2005 12:00am
Open and Closed end mutual funds

Open and Closed end mutual funds

Open and closed end mutual funds from Al Meezan Investments Pure, Profit on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
ARD plans to expose pre-poll rigging in local bodies' elections

ARD plans to expose pre-poll rigging in local bodies' elections

The Alliance for Restoration of Democracy (ARD) has decided to evolve an effective strategy in the All Parties Conference (APC) on Thursday to disclose and check the alleged pre-poll rigging in the Local government (LG) elections. The decision to discuss
Published 11 Aug, 2005 12:00am
Open and Closed end mutual funds

Open and Closed end mutual funds

Open and closed end mutual funds from Al Meezan Investments Pure, Profit on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Comstech workshop

Comstech workshop

Comstech and (Islamic Educational, Scientific and Culture Organisation (IESCO) are jointly organising an international training workshop on 'Patent System' to be held at Hyderabad Sindh on December 02-04.
Published 11 Aug, 2005 12:00am
Elections Commission to ensure effective monitoring of polls

Elections Commission to ensure effective monitoring of polls

About 9,000 cards have been issued to various monitoring teams for ensuring effective monitoring of the forthcoming local government polls. Secretary Elections Commission of Pakistan Kunwar Muhammad Dilshad told PTV on Wednesday that Commonwealth (CW) obs
Published 11 Aug, 2005 12:00am
Second Sacosan to be held at Islamabad from November 21

Second Sacosan to be held at Islamabad from November 21

The 2nd South Asian Conference on Sanitation (Sacosan) will be held at Islamabad, on 21-23 November 2005. According to a source of Ministry of Environment, the overall goal of the Conference is to accelerate the progress of sanitation and hygiene work in
Published 11 Aug, 2005 12:00am
India briefs China about gas pipeline

India briefs China about gas pipeline

A senior official of Indian Petroleum Ministry Talmiz Ahmed met his Chinese counterpart here on Wednesday and briefed him on latest position regarding the proposed Iran-Pakistan-India gas pipeline project.
Published 11 Aug, 2005 12:00am
US judge denies bail to Pakistani Imam

US judge denies bail to Pakistani Imam

A US immigration judge denied bail to a Pakistani Imam living in California on Tuesday after hearing testimony that he was the contact man for a young Pakistani-American who trained at an al Qaeda camp.
Published 11 Aug, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Two killed in Indian occupied Kashmir

Two killed in Indian occupied Kashmir

Suspected freedom fighters killed two Indian occupation soldiers and injured another in an ambush in the southern mountains of Indian occupied Kashmir, police said on Wednesday.
Published 11 Aug, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Cotton export up by 146 percent in 2004-05

Cotton export up by 146 percent in 2004-05

The export of cotton registered over 146 percent increase during 2004-05 compared to previous year. Total exports in the year stood at 0.538 million bales, against 0.218 million bales in 2003-04. Cotton trade sources said on Wednesday that the reason for
Published 11 Aug, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 10, 2005).

Published 11 Aug, 2005 12:00am
Cotton export up by 146 percent in 2004-05

Cotton export up by 146 percent in 2004-05

The export of cotton registered over 146 percent increase during 2004-05 compared to previous year. Total exports in the year stood at 0.538 million bales, against 0.218 million bales in 2003-04. Cotton trade sources said on Wednesday that the reason for
Published 11 Aug, 2005 12:00am
Cotton export up by 146 percent in 2004-05

Cotton export up by 146 percent in 2004-05

The export of cotton registered over 146 percent increase during 2004-05 compared to previous year. Total exports in the year stood at 0.538 million bales, against 0.218 million bales in 2003-04. Cotton trade sources said on Wednesday that the reason for
Published 11 Aug, 2005 12:00am
New SCCP chairman assumes office

New SCCP chairman assumes office

Engineer M.P Gangwani has taken over the charge of State Cement Corporation of Pakistan (SCCP) as chairman from Wednesday vide a notification of Ministry of Industries, Production and Special Initiatives. According to SCCP, Engr Gangwani had earlier serve
Published 11 Aug, 2005 12:00am
''''Second eurobond may be issued on better terms''''

''''Second eurobond may be issued on better terms''''

Pakistan expects to issue its second eurobond on better terms than the country''''s recent forays into international capital markets, a senior government official said on Wednesday. Pakistan plans to finalise details of the issue in October and will sell
Published 11 Aug, 2005 12:00am
'InStyle Pakistan-2005' exhibition opens on September 21

'InStyle Pakistan-2005' exhibition opens on September 21

The foremost international textile and garment exhibition of Pakistan, InStyle Pakistan - 2005, is set to showcase the top quality value-added textile and garment produce of Pakistan in a big way this year. The exhibition, strengthened by a two-day confer
Published 11 Aug, 2005 12:00am
PLS accountholders dismayed over low rate of return

PLS accountholders dismayed over low rate of return

The PLS accountholders have expressed disappointment on the low rate of return for the six-month ended June 30, 2005 as announced by major banks, including Habib Bank, National Bank, MCB Bank Limited, United Bank and Allied Bank. They said the smaller ban
Published 11 Aug, 2005 12:00am
KSE member penalised for insider trading

KSE member penalised for insider trading

The Securities and Exchange Commission of Pakistan (SECP) has penalised Alfalah Securities, a member of Karachi Stock Exchange (KSE), for its indulgence in insider trading in PTCL shares.
Published 11 Aug, 2005 12:00am
'Enough incentives given to achieve export target'

'Enough incentives given to achieve export target'

The government has given enough incentives to exporters to achieve the target of $17 billion during FY 2005-06, senior officials of Commerce Ministry told Business Recorder here on Wednesday.
Published 11 Aug, 2005 12:00am
43 EoIs received for Javedan Cement

43 EoIs received for Javedan Cement

The Privatisation Commission has received 43 expressions of interest (EoIs) for 96.34 percent shares of Javedan Cement Limited (JCL) on 'as is where is' basis.
Published 11 Aug, 2005 12:00am
Kashmiri refugees stage sit-in

Kashmiri refugees stage sit-in

Kashmiri refugees on Wednesday staged protest sit in against the non-payment of subsistence allowance for three months. Hundreds of enraged refugees carrying placards gathered in front of Central Press Club while chanting slogans against rehabilitation an
Published 11 Aug, 2005 12:00am
Sales tax exemption on diesel engines

Sales tax exemption on diesel engines

The Central Board of Revenue (CBR) has given exemption of sales tax on import and supply of CKD kits of single cylinder agriculture diesel engines of 12 to 32 HP. The CBR has notified the decision through issuance of SRO 793(I)/2005 on Wednesday.
Published 11 Aug, 2005 12:00am
BoE outlook dampens interest rate cut expectations

BoE outlook dampens interest rate cut expectations

Britain's economy will remain subdued for now but then growth and inflation will pick up faster than previously thought, the Bank of England said on Wednesday, dousing expectations for more interest rate cuts.
Published 11 Aug, 2005 12:00am
Thai shares soar

Thai shares soar

Thai share prices closed 0.45 percent higher on Wednesday on speculative buying in warrant shares which were seen as better value to big-cap shares, dealers said. The Stock Exchange of Thailand (SET) composite rose 3.05 points to 684.59 and the blue chip
Published 11 Aug, 2005 12:00am
Indian shares sharply firmer

Indian shares sharply firmer

Indian share prices rose sharply on Wednesday amid stronger Asian market trends after the Federal Reserve suggested the US economy was healthy, while raising interest rates, dealers said. The Mumbai stock exchange's 30-share benchmark Sensex index closed
Published 11 Aug, 2005 12:00am
Chinese shares up

Chinese shares up

Chinese shares rose 1.1 percent on Wednesday to a third straight two-month closing high, as funds continued to chase big caps such as China United Telecommunications Corp Ltd. The benchmark Shanghai composite index closed at 1,165.033 points, its highest
Published 11 Aug, 2005 12:00am
Tokyo stocks hit multi-year highs on economy hopes

Tokyo stocks hit multi-year highs on economy hopes

Tokyo's Nikkei share average gained 1.66 percent on Wednesday, booking its highest close in 15-months, after investors snapped up stocks across the board on renewed confidence in the world's second-largest economy.
Published 11 Aug, 2005 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore share prices closed 0.41 percent lower on Wednesday on profit-taking in blue chips after a surprisingly strong June quarter economic performance failed to energise investors, dealers said. The Singapore Straits Times index fell 9.72 points to 2,
Published 11 Aug, 2005 12:00am
Jakarta shares climb

Jakarta shares climb

Indonesian share prices closed 1.21 percent higher on Wednesday on a continued technical rebound led by market heavyweight Telkom, dealers said. The Jakarta Stock Exchange composite index closed up 14.039 points at 1,176.838 on volume of 1.80 billion shar
Published 11 Aug, 2005 12:00am
Taiwan stocks decline

Taiwan stocks decline

Taiwan stocks fell 0.36 percent on Wednesday as investors took advantage of earlier Wall Street-inspired gains to pocket recent profits from major tech firms, such as display maker AU Optronics Corp. The main TAIEX share index ended down 23.16 points at 6
Published 11 Aug, 2005 12:00am
US Treasuries rally on Fed's guarded optimism

US Treasuries rally on Fed's guarded optimism

US Treasury debt rallied on Tuesday as the Federal Reserve's policy statement proved less upbeat on US growth prospects than many investors had foreseen.
Published 11 Aug, 2005 12:00am
US Treasuries rally on Fed's guarded optimism

US Treasuries rally on Fed's guarded optimism

US Treasury debt rallied on Tuesday as the Federal Reserve's policy statement proved less upbeat on US growth prospects than many investors had foreseen.
Published 11 Aug, 2005 12:00am
US stocks gain after Fed comments, Cisco slips

US stocks gain after Fed comments, Cisco slips

US stocks rose on Tuesday after the Federal Reserve raised interest rates as expected and said it will continue to increase rates at a measured pace in an improving economy where inflation remains contained. Shares of companies sensitive to borrowing cost
Published 11 Aug, 2005 12:00am
Hong Kong stocks surge two percent, China Mobile stars

Hong Kong stocks surge two percent, China Mobile stars

Hong Kong stocks surged 2 percent to a fresh four and a half year high on Wednesday after blue chip heavyweight China Mobile delivered stronger than expected first half earnings, adding momentum to a strong results season.
Published 11 Aug, 2005 12:00am
Malaysian shares slightly down

Malaysian shares slightly down

Malaysian share prices closed 0.58 percent lower on Wednesday in quiet trade with sentiment weighed down by the impact of high oil prices, dealers said. They said while the price of crude had eased to below 64 dollars a barrel the impact was still contrib
Published 11 Aug, 2005 12:00am
Philippines shares make gains

Philippines shares make gains

Philippines share prices closed 1.03 percent higher on Wednesday with gains in blue chip Philippine Long Distance Telephone Co and the banking sector leading the market, dealers said. They said the upturn in banks was due to speculation of a fresh round o
Published 11 Aug, 2005 12:00am
Malaysian palm oil up on export recovery

Malaysian palm oil up on export recovery

Malaysian crude palm oil futures rose on Wednesday after signs of a pick up in exports drove players to continue with short-covering activity from a day. Players shrugged off higher-than-expected numbers on palm oil production and stocks for July issued b
Published 11 Aug, 2005 12:00am
Vietnam rice prices firm as exporters seek supply

Vietnam rice prices firm as exporters seek supply

Rice prices in Vietnam, the world's second-largest exporter of the grain, edged up in the past week as exporters rushed to secure supply for shipment this month and in September, traders said on Wednesday. Indicative prices for the five percent broken gra
Published 11 Aug, 2005 12:00am
CBOT rice up

CBOT rice up

Rough rice futures at the Chicago Board of Trade closed higher on Tuesday after a series of technical moves, traders said. The market inched higher on commercial buy interest. Eventually, buy-stops were hit in the final 45 minutes of trade driving prices
Published 11 Aug, 2005 12:00am
Soya falls below 100-day average on rain outlook

Soya falls below 100-day average on rain outlook

The Chicago Board of Trade soyabean futures market closed sharply lower on Tuesday, sliding through its 100-day moving average, pressured by outlooks for much-needed rain to move through the US Midwest crop region, traders said.
Published 11 Aug, 2005 12:00am
New York sugar ends at one-week low on fund liquidation

New York sugar ends at one-week low on fund liquidation

Raw sugar prices settled at a one-week low on Tuesday on technical selling, as investment funds pared back huge long positions in the market which last week drove prices to a 4-1/2-year high, dealers said.
Published 11 Aug, 2005 12:00am
New York copper dips

New York copper dips

New York copper futures fell like a stone on heavy selling after another big jump in exchange warehouse inventories on Tuesday, but support levels held into the close, traders said. "This was the day for profit taking. There may have been a little bit of
Published 11 Aug, 2005 12:00am
Copper dips $10 as stocks rise, China demand slows

Copper dips $10 as stocks rise, China demand slows

Copper fell about $10 on Wednesday on rising availability and a slowdown in Chinese demand, and dealers expect the price of the industrial metal now 3.3 percent below last week's record high to fall further.
Published 11 Aug, 2005 12:00am
Oil firmly above $63 on Middle East concerns

Oil firmly above $63 on Middle East concerns

Oil prices held firm above $63 a barrel on Wednesday, pinned near their record high by the threat of attacks in Saudi Arabia, tensions over Iran's nuclear programme and refinery outages in the United States. US crude futures rose 13 cents to $63.20 a barr
Published 11 Aug, 2005 12:00am
Malaysian tin down

Malaysian tin down

Malaysian tin fell 1.5 percent on Wednesday, slipping below $7,000 a tonne, a level traders had pegged for weeks as a key support. But the market, which lost $435 or 6 percent over the last five days following a sell-off in London tin, could still rebound
Published 11 Aug, 2005 12:00am
Gold off one-week low in Asia, holds around $435

Gold off one-week low in Asia, holds around $435

Gold inched up in Asia on Wednesday, with a widely anticipated increase in US interest rates out of the way, after falling to a one-week low in New York on speculative selling ahead of the Federal Reserve move.
Published 11 Aug, 2005 12:00am
New York gold ends at one-week low before Fed rate hike

New York gold ends at one-week low before Fed rate hike

US gold futures settled at a one-week low on Tuesday on mild speculative selling, as traders shrugged off a strike by gold miners in South Africa and awaited an interest rate increase by the US Federal Reserve, which was reported after the close.
Published 11 Aug, 2005 12:00am
Tokyo gold and platinum hit one-week low on higher yen

Tokyo gold and platinum hit one-week low on higher yen

Tokyo gold futures slipped further from a 13-year high and hit a one-week low on Wednesday, led by long liquidation from investors, as a brightening outlook for Japan's economy bolstered the yen and the Tokyo stock market.
Published 11 Aug, 2005 12:00am
Thai rubber trade slow

Thai rubber trade slow

The Thai rubber trade is expected to remain slow over the next few days with exporters nervous about making new offers for shipments from September onward. The price of benchmark unsmoked rubber sheet grade 3 (USS3), the raw material for export-grade rubb
Published 11 Aug, 2005 12:00am
South African striking gold miners get new wage offer

South African striking gold miners get new wage offer

Some 110,000 South African striking gold miners received an improved wage offer from gold producers on Wednesday in a bid to end the sector's first industry-wide strike in 18 years.
Published 11 Aug, 2005 12:00am
Sri Lanka up budget gap target

Sri Lanka up budget gap target

Sri Lanka raised its 2005 budget deficit forecast on Wednesday to 8.5 percent of gross domestic product from 7.6 percent, citing costs related to rebuilding the island's tsunami-battered coastline. Last year's tsunami flattened entire towns and villages,
Published 11 Aug, 2005 12:00am
Vodafone launches 3G mobile in New Zealand

Vodafone launches 3G mobile in New Zealand

Vodafone Group launched its high-speed, third generation (3G) mobile service in New Zealand on Wednesday, looking to win back market share from Telecom New Zealand which began 3G services last year.
Published 11 Aug, 2005 12:00am
Iraqi Arabs flock to Kurdish north for jobs

Iraqi Arabs flock to Kurdish north for jobs

Each morning before dawn, hundreds of Arabs from southern Iraq gather near a mosque in this northern Kurdish city hoping to find work on one of scores of construction sites dotting the landscape. What began 18 months ago as a trickle of poor, unemployed y
Published 11 Aug, 2005 12:00am
Yahoo to buy Alibaba stake for $1 billion

Yahoo to buy Alibaba stake for $1 billion

Yahoo Inc is close to paying $1 billion and forking over its China operations for a 35 percent stake of China's second-largest e-commerce operator, Alibaba.com, a source close to the discussions said on Wednesday.
Published 11 Aug, 2005 12:00am
Oman invites bids to develop five oil blocs

Oman invites bids to develop five oil blocs

Oman invited bids on Wednesday for oil exploration and joint production contracts at five new sites in the Gulf Arab state, which faces falling crude output. An energy ministry statement said the sites on offer covered a total area of 23,545 square km (9,
Published 11 Aug, 2005 12:00am
Lenovo first quarter profit up

Lenovo first quarter profit up

Top Chinese personal computer maker Lenovo Group Ltd posted a 6 percent rise in quarterly profit on Wednesday, topping forecasts, after including for the first time the struggling PC business bought in May from IBM.
Published 11 Aug, 2005 12:00am
Lenovo first quarter profit up

Lenovo first quarter profit up

Top Chinese personal computer maker Lenovo Group Ltd posted a 6 percent rise in quarterly profit on Wednesday, topping forecasts, after including for the first time the struggling PC business bought in May from IBM.
Published 11 Aug, 2005 12:00am
Ukraine sets steel auction

Ukraine sets steel auction

Ukraine on Wednesday announced the date and conditions for a re-run of its largest and most contested privatisation, the vast Kryvorizhstal steel plant, and the prime minister predicted the sale would fetch a big price.
Published 11 Aug, 2005 12:00am
US job openings rise, hirings drop

US job openings rise, hirings drop

The number of US job openings increased in June but fewer positions were filled, the Labour Department said on Wednesday. The department said 3.541 million jobs opened in June, up 3.7 percent from 3.416 million in May.
Published 11 Aug, 2005 12:00am
China names currencies in yuan's basket

China names currencies in yuan's basket

China's central bank said on Wednesday the dollar, euro, Japanese yen and Korean won dominated its new reference currency basket, disclosing the contents for the first time since it revalued the yuan last month.
Published 11 Aug, 2005 12:00am
South Korea orders Asiana pilots to end strike

South Korea orders Asiana pilots to end strike

Unionised pilots at South Korea's second-largest carrier, Asiana Airlines, will end a strike after being ordered back to the job by the government, which has begun emergency mediation to resolve the nearly month-long dispute.
Published 11 Aug, 2005 12:00am
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