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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-08-30
Dollar retraces losses

Dollar retraces losses

The dollar pared early losses on Monday as oil prices retreated from record highs, but the yen suffered as support for Japanese Prime Minister Junichiro Koizumi slipped ahead of next month's polls.
Published 30 Aug, 2005 12:00am
New York cotton closes off highs on Katrina's track

New York cotton closes off highs on Katrina's track

Cotton futures finished up but off their session highs Monday as speculators bought the market after Hurricane Katrina slammed into Louisiana, but analysts noted the crop damage may be minimal as the storm weakened and turned slightly east toward Mississi
Published 30 Aug, 2005 12:00am
Oil leaps past $70 then recoils as storm hits

Oil leaps past $70 then recoils as storm hits

Oil prices surged to a record above $70 a barrel before paring gains on Monday as one of the biggest hurricanes in US history disrupted oil and gas production in the Gulf of Mexico, home to a quarter of total domestic oil and gas production.
Published 30 Aug, 2005 12:00am
Oil leaps past $70 then recoils as storm hits

Oil leaps past $70 then recoils as storm hits

Oil prices surged to a record above $70 a barrel before paring gains on Monday as one of the biggest hurricanes in US history disrupted oil and gas production in the Gulf of Mexico, home to a quarter of total domestic oil and gas production.
Published 30 Aug, 2005 12:00am
Oil leaps past $70 then recoils as storm hits

Oil leaps past $70 then recoils as storm hits

Oil prices surged to a record above $70 a barrel before paring gains on Monday as one of the biggest hurricanes in US history disrupted oil and gas production in the Gulf of Mexico, home to a quarter of total domestic oil and gas production.
Published 30 Aug, 2005 12:00am
Trader looted at gunpoint

Trader looted at gunpoint

A group of four bandits deprived an oil mill-owner of Rs 28,900 cash and other valuables in Pir Colony here on Monday. Abdul Latif of New Multan reported to Mumtazabad Police that four robbers locked him and his son Abudr Rahman in bathroom of Al-Rehman O
Published 30 Aug, 2005 12:00am
Minister assures maximum facilities for Balochistan Hajis

Minister assures maximum facilities for Balochistan Hajis

Federal minister for religious affairs Ijazul Haq has said the government is determined to ensure maximum facilities to Hajis, particularly from Balochistan which is evident from the Haj complex being constructed in Quetta.
Published 30 Aug, 2005 12:00am
PAC body discusses misappropriation of funds

PAC body discusses misappropriation of funds

A meeting of sub committee of the Public Accounts Committee on Home (Police) Department was held with MPA Shahzada Mohammad Gastasip Khan in the chair at the conference room of the NWFP Assembly Secretariat on Monday.
Published 30 Aug, 2005 12:00am
TCP tender for 75,000 tons urea to be opened today

TCP tender for 75,000 tons urea to be opened today

The tender for import of 75,000 tons urea by Trading Corporation of Pakistan (TCP) will be opened at the Corporation's head office in FTC Building on Tuesday. Sources in TCP said on Monday that the Corporation had already purchased 110,000 tons urea for t
Published 30 Aug, 2005 12:00am
Maleeha outlines counter-terrorism strategy

Maleeha outlines counter-terrorism strategy

High commission to the UK Dr Maleeha Lodhi on Monday has called for a nine-point counter-terror strategy at the global level, as a way forward to durable peace for the troubled world.
Published 30 Aug, 2005 12:00am
'Cooperation in regional ties reiterated with China'

'Cooperation in regional ties reiterated with China'

Senate Chairman Muhammad Mian Soomro on Monday said that Pakistan and China were engaged in strengthening their co-operation at the regional level to meet the new challenges in the socio-economic sector.
Published 30 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Monday (August 29, 2005) and the forecast for Tuesday (August 30).
Published 30 Aug, 2005 12:00am
'Pakistan wants Saarc to focus on cooperation'

'Pakistan wants Saarc to focus on cooperation'

Pakistan on Monday expressed the desire that it wants to see the South Asian Association for Regional Co-operation (Saarc) as more dynamic and vibrant forum. Addressing as outgoing chairman at the 5th conference of information ministers of Saarc, informat
Published 30 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 30 Aug, 2005 12:00am
Pakistani delegation to visit Palestine

Pakistani delegation to visit Palestine

The Foreign Office said on Monday that a visit by a Pakistan delegation to Gaza and Al-Quds (Jerusalem) was being worked out with the host officials. This will be the first official visit by a government delegation since the creation of the local authorit
Published 30 Aug, 2005 12:00am
New York cotton

New York cotton

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

Published 30 Aug, 2005 12:00am
'Pakistan's war on terror not under external pressure'

'Pakistan's war on terror not under external pressure'

Minister of State for Interior Dr Shehzad Waseem on Monday said Pakistan was fighting the war on terror in line with its own national and strategic interests and not under any external pressure.
Published 30 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
The only 'Bhai Jan'

The only 'Bhai Jan'

Acting President Azhar Saeed Butt of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and co-chairman of India-Pakistan Chamber of Commerce and Industry had extended an invitation to join at H-Tea to the Members of the Managing Committee
Published 30 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Qazi Sahib's referendum

Qazi Sahib's referendum

Qazi Hussain Ahmed - Ameer J.I. has demanded a referendum to find out whether the Pakistanis want the Western culture or the Islamic way of life. Well done, Qazi Sahib. What a question? In fact what a trap for the gullible and the naive? You remind me of
Published 30 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 29

Key stock market movements at 1700 GMT on August 29

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 30 Aug, 2005 12:00am
Ordeals of utility bills

Ordeals of utility bills

It is understood that the State Bank of Pakistan (SBP), has directed all the private banks to get themselves registered for utility bills' collection to lessen pressure on the branches of the scheduled banks. It is a plausible step. But the SBP has not ma
Published 30 Aug, 2005 12:00am
The challenge to Mubarak in Egyptian presidential polls

The challenge to Mubarak in Egyptian presidential polls

Osama Shaltut claims to descend from the Prophet Mohammed and the centrepiece of his campaign for the Egyptian presidency is a promise to convert the entire world to Islam. The 66-year-old leader of the Solidarity Party, who wears a broad smile and a neat
Published 30 Aug, 2005 12:00am
Constitutional anomalies and exemptions in taxation

Constitutional anomalies and exemptions in taxation

The income tax had been the principal source of revenue for the federal government and now it stands next to the sales tax. Its contribution to tax revenue stands at 31% in 2005 and its share in the GDP has increased to around 9%. Despite these reassuring
Published 30 Aug, 2005 12:00am
Towards a better future in IT

Towards a better future in IT

In his address at an international conference on information and communication technology in Karachi on Saturday, President General Pervez Musharraf claimed credit for the current boom the IT sector is experiencing in Pakistan, pointing out that when he t
Published 30 Aug, 2005 12:00am
Local bodies' polls: irregularities and violence galore

Local bodies' polls: irregularities and violence galore

The second phase of the local bodies elections concluded almost on the same note as the first one except for the violence that reached an extremely disturbing level. The ruling party (PML-Q) candidates emerged as the big winners along with its allies in a
Published 30 Aug, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
One killed in accident

One killed in accident

A youth was killed and his aunt was seriously injured when their motorbike collided with a tractor at Kot Samaba, 22 km off here on Sunday evening. Police sources said Abdul Shakoor r/o Chak 65/N.P along with his aunt, Ayesha Mai was on his way to home af
Published 30 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (August 29, 2005) and Tuesday (August 30, 2005).
Published 30 Aug, 2005 12:00am
Campaign to introduce Pakistani mango launched in Shanghai

Campaign to introduce Pakistani mango launched in Shanghai

Three-day promotion campaign was launched here in Shanghai to introduce Pakistani mango in the local market. Consulate General of Pakistan at Shanghai has imported a small quantity of mangoes, which were presented to local government leaders, various trad
Published 30 Aug, 2005 12:00am
'Western code no solution to our ethical dilemmas'

'Western code no solution to our ethical dilemmas'

The code 'downloaded' from the west cannot provide solution to all our ethical dilemmas and we have to develop our own indigenous, culturally sensitive, ecologically relevant, religiously acceptable, and above all original answer to our bio-ethical issues
Published 30 Aug, 2005 12:00am
LHC slashes punishment

LHC slashes punishment

The Lahore High Court (LHC) has reduced the punishment from 14 years imprisonment to five years imprisonment awarded to a former deputy director FIA Riaz Ahmed Sheikh by an accountability court in a reference against him.
Published 30 Aug, 2005 12:00am
Registration for navy sailors' recruitment starts

Registration for navy sailors' recruitment starts

Registration for recruitment as sailors in various branches of the Pakistan Navy has been started here on Monday. The eligible candidates can get themselves registered on production of the original and attested photocopies of the concerned documents.
Published 30 Aug, 2005 12:00am
Body to review admission to Punjab medical colleges

Body to review admission to Punjab medical colleges

Punjab Chief Minister Chaudhry Pervaiz Elahi has constituted a high-level committee to review matters pertaining to admission to medical colleges of the province, and also enhanced admission quota for disabled students from 12 to 16 in the these colleges.
Published 30 Aug, 2005 12:00am
Piaf-Founders alliance starts LCCI poll campaign

Piaf-Founders alliance starts LCCI poll campaign

The Piaf-Founders Alliance kicked off its campaign for the Lahore Chamber of Commerce and Industry (LCCI) polls by announcing the names of candidates and inaugurating main election office on Monday.
Published 30 Aug, 2005 12:00am
NBP branch at Badami Bagh

NBP branch at Badami Bagh

The National Bank of Pakistan, on the persistent demand of the business community of Badami Bagh consisting of autopart market, steel and oil will open a branch there on August 31, 2005, said a statement on Monday. Iftikhar Ali Malik, Director National Ba
Published 30 Aug, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Kiln workers demand raise in wages

Kiln workers demand raise in wages

The Pakistan Bhatta (Kiln) Mazdoor Union has demanded raise in their wages and fixing the rate of simple and special bricks at Rs 350/- and Rs 500/- per thousand bricks. According to a spokesman of the union, the demand was raised at a meeting of the unio
Published 30 Aug, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Convict's mother appeals to President

Convict's mother appeals to President

Zahoor Mai, mother of 22-year-old Zubair Ahmed, has appealed to President General Pervez Musharraf for acceptance of the mercy petition and commutation of sentence because her son is innocent.
Published 30 Aug, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Urs of Bulleh Shah concludes

Urs of Bulleh Shah concludes

The three-day 248th annual urs of Punjabi mystic poet Hazrat Baba Bulleh Shah concluded here Monday. Thousands of disciples of the sufi saint across the country participated in the urs celebrations.
Published 30 Aug, 2005 12:00am
PML-N deplores 'fudging' of local government poll results

PML-N deplores 'fudging' of local government poll results

The PML-N, condemning the 'fudging' of results of Local Bodies elections in favour of government-backed candidates, alleged that the election staff, after greasing their palms, also resorted to manipulate the results.
Published 30 Aug, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Minfal plans cotton production strategy to help growers

Minfal plans cotton production strategy to help growers

The Ministry of Food, Agriculture and Livestock (Minfal) in collaboration with the Provincial Agriculture Departments and the private sector stakeholders has developed a comprehensive cotton production strategy prior to the commencement of the season.
Published 30 Aug, 2005 12:00am
Wapda launches tree plantation

Wapda launches tree plantation

The Wapda Chairman, Tariq Hamid, inaugurated the Monsoon Tree Plantation campaign 2005 by planting a sapling in main lawn of the Wapda House on Monday. Member Finance Imtiaz Anjum, Member Power Muhammad Anwer Khalid, Member Water Muhammad Mushtaq Chaudhry
Published 30 Aug, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Supreme Court disposes of plea on fundamental rights

Supreme Court disposes of plea on fundamental rights

The Supreme Court of Pakistan has observed that original jurisdiction of the court for an individual could not be invoked by filing a constitutional petition under Article 184(3) for enforcement of fundamental rights.
Published 30 Aug, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
'Automobile sector fleecing consumers'

'Automobile sector fleecing consumers'

The Citizen Rights Association has expressed concern over the failure of government in checking the profiteering trend in over protected auto sector, causing unbearable loss to the consumer. Citizen Rights Association President, Nasir Ahmed, talking to a
Published 30 Aug, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Railways planes to introduce new train

Railways planes to introduce new train

Pakistan Railways has planned to introduce an express train between Multan and Rajanpur to facilitate the people of Kotadu, Shadan Lund, Dera Ghazi Khan, Jampur and Fazilpur. Railway authorities said that Shah Suleman Express would be introduced on Septem
Published 30 Aug, 2005 12:00am
Four arrested MDA officials shifted to Muzaffarabad

Four arrested MDA officials shifted to Muzaffarabad

All the arrested four accused including two in-service and two former officers of Mirpur Development Authority (MDA), were shifted to Muzaffarabad for further investigations by the AJK Accountability Bureau (AB), official sources said.
Published 30 Aug, 2005 12:00am
Modern research methods to exploit mineral resources stressed

Modern research methods to exploit mineral resources stressed

Karachi University vice-chancellor Professor Dr Pirzada Qasim has said that Pakistan is rich in mineral and other resources and there is a need to apply modern research methods and technology to attain maximum possible benefits. He was speaking as chief g
Published 30 Aug, 2005 12:00am
THE RUPEE: higher demand pushes up dollar's value

THE RUPEE: higher demand pushes up dollar's value

Increasing demand for dollars by the corporate sector in the interbank market on Monday dragged the rupee value down, giving up eight paisa against the dollar for buying and selling at 59.70 and 59.72, money experts said.
Published 30 Aug, 2005 12:00am
THE RUPEE: higher demand pushes up dollar's value

THE RUPEE: higher demand pushes up dollar's value

Increasing demand for dollars by the corporate sector in the interbank market on Monday dragged the rupee value down, giving up eight paisa against the dollar for buying and selling at 59.70 and 59.72, money experts said.
Published 30 Aug, 2005 12:00am
Sindh governor leaves for Saudi Arabia

Sindh governor leaves for Saudi Arabia

Sindh Governor Dr Ishrat ul Ibad Khan left here on Monday evening for Saudi Arabia on a private visit to perform Umrah. At the airport Saudi Consul General Dr Hasan Al-Attar saw him off, among others. The Governor will be back home on September 2.
Published 30 Aug, 2005 12:00am
Pharmaceutical: AVENTIS LIMITED - Year Ended December 31, 2004

Pharmaceutical: AVENTIS LIMITED - Year Ended December 31, 2004

Its Directors' remark is that this has been a highly successful year for this multinational pharmaceutical company. The company's sales revenue swelled to Rs 3.179 billion for Rs 2.897 billion posted in the preceding year.
Published 30 Aug, 2005 12:00am
Dug-up roads in Karachi Central causing worst traffic jams

Dug-up roads in Karachi Central causing worst traffic jams

City District Government Karachi (CDGK) has all of a sudden once again closed on Monday morning a number of main roads to lay new service lines for water and sewerage and to replace old roads with new ones. This way the development works would be complete
Published 30 Aug, 2005 12:00am
Pharmaceutical: AVENTIS LIMITED - Year Ended December 31, 2004

Pharmaceutical: AVENTIS LIMITED - Year Ended December 31, 2004

Its Directors' remark is that this has been a highly successful year for this multinational pharmaceutical company. The company's sales revenue swelled to Rs 3.179 billion for Rs 2.897 billion posted in the preceding year.
Published 30 Aug, 2005 12:00am
Incomplete returns filed by many taxpayers: CBR

Incomplete returns filed by many taxpayers: CBR

The Central Board of Revenue (CBR) has found little compliance on the part of taxpayers, who, it said, failed to provide proper information required for filing returns under the universal self-assessment scheme (USAS).
Published 30 Aug, 2005 12:00am
Merck KgaA denies link with Merck & Company

Merck KgaA denies link with Merck & Company

The German Merck KGaA, with their subsidiary Merck Marker (Pvt) Ltd, having head office in Karachi and factory in Quetta, in response to numerous media inquiries clarified that it has no connection with Merck & Co, New Jersey, USA.
Published 30 Aug, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Power failure hits city areas

Power failure hits city areas

Major city areas remained deprived of electric supply early Monday morning for about an hour, when KESC's transmission line tripped near Korangi Creek. Situation in Old City area was boiling as Old Town Grid and Elandar Road Grid stations were shut down f
Published 30 Aug, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2005 12:00am
Nadra advises gas consumers to get registered

Nadra advises gas consumers to get registered

National Database Registration Authority (Nadra) has made arrangements to register consumers in Karachi for bill payment machine - kiosk project at its nine Swift Registration Centres (NSRC) in the city. Nadra sources said on Monday that soft opening of p
Published 30 Aug, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2005 12:00am
Death condoled

Death condoled

Speaker National assembly, Chaudhry Amir Hussain and Deputy Speaker, Sardar Muhammad Yaqub have expressed grief over the sad demise of the mother of Member National Assembly (MNA) Nawab Amanullah Khan. Chaudhry Amir Hussain and Sardar Yaqub also expressed
Published 30 Aug, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2005 12:00am
Five officials booked for corruption

Five officials booked for corruption

Anti-Corruption police Kasur have booked five officials of various departments on charges of taking illegal gratification. Anti-corruption Circle Officer Muhammad Azam said here on Monday that a case has been registered against Planning Office Dr Zameer u
Published 30 Aug, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (August 29, 2005).

Published 30 Aug, 2005 12:00am
Rs 57 million sanctioned for Rizvi textile institute expansion

Rs 57 million sanctioned for Rizvi textile institute expansion

The Ministry of Commerce (MoC) has sanctioned Rs 57 million for the expansion and upgradation of the S.M.A. Rizvi textile Institute. This was announced in a statement of Towel Manufactures' Association of Pakistan (TMAP) here on Monday.
Published 30 Aug, 2005 12:00am
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