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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-09-01
Treasuries rally, oil shock seen slowing consumers

Treasuries rally, oil shock seen slowing consumers

US Treasury debt rallied on Tuesday as investors shrugged off warnings about inflation from the Federal Reserve and bet slower economic growth would be the most crippling consequence of record oil prices. Gains were heftiest in short-term debt, where two-
Published 01 Sep, 2005 12:00am
Philippines shares lower

Philippines shares lower

Philippines share prices closed 0.75 percent lower Wednesday on continued worries over record-high oil prices and a delay in the Supreme Court's ruling on a crucial tax measure, dealers said.
Published 01 Sep, 2005 12:00am
Singapore stocks recover as Jakarta holds steady

Singapore stocks recover as Jakarta holds steady

Singapore shares edged up on Wednesday from their lowest close in six weeks, as a rebound in recently-battered Jakarta stocks helped trigger bargain hunting in shares of companies with assets in Indonesia.
Published 01 Sep, 2005 12:00am
Nikkei retreats, output data clouds economy outlook

Nikkei retreats, output data clouds economy outlook

The Nikkei share average fell 0.32 percent on Wednesday after data showed Japanese industrial output dipped more than expected in July, spurring worries about the economic outlook and sending brokerages and insurers lower.
Published 01 Sep, 2005 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose on Wednesday, led by tech stocks such as Highness, as investors turned their attention away from record high oil prices and focused on expectations for improving corporate earnings and a broader economic recovery.
Published 01 Sep, 2005 12:00am
Hong Kong dollar moves in narrow range

Hong Kong dollar moves in narrow range

The Hong Kong dollar softened on Wednesday but trading was confined to a narrow range and took a cue from the general weakeness in other Asian currencies, dealers said. The Hong Kong dollar fell to a four-day low of 7.7728 per US dollar earlier in the day
Published 01 Sep, 2005 12:00am
Chinese yuan weakens versus dollar

Chinese yuan weakens versus dollar

China's yuan eased against the dollar on Wednesday, giving up more of the gains it had racked up over in the previous week as the central bank stayed out of the market. The yuan finished at 8.0998 to the dollar on Wednesday versus Tuesday's close of 8.097
Published 01 Sep, 2005 12:00am
Dollar stuck in range, oil price fallout mulled

Dollar stuck in range, oil price fallout mulled

The dollar was trapped in narrow ranges against other major currencies on Wednesday as investors struggled to sort out what record-high crude oil prices mean for currencies and the global economy.
Published 01 Sep, 2005 12:00am
Dollar gains versus yen though US oil havoc hurts

Dollar gains versus yen though US oil havoc hurts

The dollar gained against the yen as crude oil pushed to new record highs above $70 per barrel on Tuesday, but the disruption Hurricane Katrina caused to US oil refining facilities capped the dollar's gains against the euro, analysts said.
Published 01 Sep, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 65.10/65.75 (previous 65.10/65.75). Call Money Rates: 4.75-16.00 percent (previous 4.75-16.50 percent).
Published 01 Sep, 2005 12:00am
Asian currencies weak on record oil prices

Asian currencies weak on record oil prices

Asian currencies weakened on Wednesday, with the Taiwan dollar hitting a 9-1/2-month low, as oil prices hovered near record highs leaving investors worried about the outlook for Asia's growth and inflation.
Published 01 Sep, 2005 12:00am
Iran eyes Indian support as nuclear row escalates

Iran eyes Indian support as nuclear row escalates

Iran's top nuclear negotiator held talks with Indian leaders on Wednesday to garner support for Tehran's controversial nuclear programme and stave off a threat of sanctions, Indian officials said.
Published 01 Sep, 2005 12:00am
Official report condemns West Bank building

Official report condemns West Bank building

Israeli governments have consistently failed to follow their own laws and guidelines for land confiscation and building in the occupied West Bank, an official report said on Wednesday.
Published 01 Sep, 2005 12:00am
US court freezes Palestinian Authority assets

US court freezes Palestinian Authority assets

A federal court in Rhode Island has ordered a freeze of all US-based assets of the Palestinian Authority after the Palestinian government failed to pay $116 million in damages imposed by the court last year, according to legal documents obtained on Tuesda
Published 01 Sep, 2005 12:00am
Warships, dozens of helicopters join storm relief

Warships, dozens of helicopters join storm relief

The US military on Wednesday added Navy ships, including two helicopter assault vessels and the hospital ship Comfort, and dozens of helicopters to a massive relief effort in the wake of killer Hurricane Katrina.
Published 01 Sep, 2005 12:00am
Indonesia frees hundreds of Aceh rebels

Indonesia frees hundreds of Aceh rebels

Hundreds of Acehnese rebels walked free from Indonesian jails on Wednesday under a sweeping amnesty that forms a vital plank of a landmark peace agreement signed in Helsinki this month.
Published 01 Sep, 2005 12:00am
Israel approves historic Egypt deployment

Israel approves historic Egypt deployment

Israel's parliament Wednesday approved an historic plan for Egyptian border guards to patrol along the Gaza border after the last Israeli troops leave the Palestinian territory next month.
Published 01 Sep, 2005 12:00am
US airstrike kills eight Taleban

US airstrike kills eight Taleban

US aircraft bombed a Taleban position in central Afghanistan killing eight militants in the latest violence in the run-up to a September 18 election, a provincial official said on Wednesday.
Published 01 Sep, 2005 12:00am
Iraq criticises Arab League

Iraq criticises Arab League

Iraq criticised the Arab League on Wednesday for not playing a more active role in the country, accusing it of paying lip service rather than exerting efforts to help Iraqis.
Published 01 Sep, 2005 12:00am
Netanyahu urges Israel to build more settlements

Netanyahu urges Israel to build more settlements

Israel's Benjamin Netanyahu launched his campaign to oust Prime Minister Ariel Sharon on Wednesday with a call for settlement building that could lead to a showdown with Israel's US ally.
Published 01 Sep, 2005 12:00am
Reuters cameraman held indefinitely, another freed

Reuters cameraman held indefinitely, another freed

A cameraman for Reuters in Iraq has been ordered by a secret tribunal to be held without charge in Baghdad's Abu Ghraib prison until his case is reviewed within six months, a US military spokesman said on Wednesday.
Published 01 Sep, 2005 12:00am
European corporate bonds fall

European corporate bonds fall

European corporate bonds fell in value on Wednesday, with Hannover Re hurt by a profit warning in the wake of Hurricane Katrina and subordinated corporate bonds pressured by fears of new issuance.
Published 01 Sep, 2005 12:00am
European corporate bonds fall

European corporate bonds fall

European corporate bonds fell in value on Wednesday, with Hannover Re hurt by a profit warning in the wake of Hurricane Katrina and subordinated corporate bonds pressured by fears of new issuance.
Published 01 Sep, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US blue chips were lower on Wednesday in a market buffeted by concerns over the toll Hurricane Katrina took on the US Gulf Coast and faced with economic data suggesting a slowing economy.
Published 01 Sep, 2005 12:00am
Big-cap oils fuel FTSE's rise; Yell, telecoms support

Big-cap oils fuel FTSE's rise; Yell, telecoms support

Britain's top shares rose on Wednesday, lifted by oil majors BP and Shell after crude prices continued their seemingly inexorable rise, and as mobile operator 02 gained on take-over hopes and Yell benefited from optimism over an update on a probe into its
Published 01 Sep, 2005 12:00am
Indian rupee at fresh 8-1/2 month low

Indian rupee at fresh 8-1/2 month low

The rupee fell to a fresh 8-1/2 month closing low on Wednesday, as oil companies went on a dollar buying spree concerned that high oil prices would widen the trade deficit and lead to downward pressure on the local unit.
Published 01 Sep, 2005 12:00am
Sterling recovers versus dollar

Sterling recovers versus dollar

Sterling recovered against the dollar on Wednesday as worries about Hurricane Katrina, oil prices and US growth overshadowed concerns about the UK domestic outlook. Sterling bounced from the previous day's three-week lows against the greenback and also ro
Published 01 Sep, 2005 12:00am
Yen hits three-week low versus dollar

Yen hits three-week low versus dollar

The yen hit a three-week low against the dollar and two-week low against the euro on Wednesday, buffeted by record high oil prices, weak Japanese economic data and falling Tokyo share prices.
Published 01 Sep, 2005 12:00am
Florida finds 21st county with soyarust

Florida finds 21st county with soyarust

Soybean rust was found in another Florida county and was expected to spread throughout the state and other parts of the South as growers continue to feel the impact from Hurricane Katrina, the US Agriculture Department said on Wednesday.
Published 01 Sep, 2005 12:00am
EU sugar export tenders not excluded as stocks rise

EU sugar export tenders not excluded as stocks rise

The European Union may have to open subsidised export tenders later this year to reduce its growing sugar stockpile should its strategy of domestic resale tenders fail to work, officials and analysts said on Wednesday.
Published 01 Sep, 2005 12:00am
Oil eases below $70 as US offers to loan crude

Oil eases below $70 as US offers to loan crude

Oil eased from record highs above $70 on Wednesday after the United States temporarily eased environmental fuel regulations and offered to loan crude to refiners to prevent shortages after Hurricane Katrina ripped through the Gulf of Mexico.
Published 01 Sep, 2005 12:00am
Iraq buys 200,000 tonnes of sugar

Iraq buys 200,000 tonnes of sugar

Iraq has tendered to buy 100,000 tonnes of white Brazilian sugar after awarding 200,000 tonnes to Gulf and western suppliers, traders and Iraqi commodities officials said on Wednesday.
Published 01 Sep, 2005 12:00am
New York cotton ends lower

New York cotton ends lower

Cotton futures drifted to a softer close on Wednesday, hit by speculative sales though uncertain crop damage from Hurricane Katrina in the US Southeast should keep buyers in the market, dealers said.
Published 01 Sep, 2005 12:00am
London sugar moves up

London sugar moves up

London white sugar futures closed higher on trade, speculator and fund buying on Wednesday amid sentiment that supplies are tight, traders said. Front-month October touched a new contract high of $313.40 per tonne, before closing at $311.20, up $0.80, in
Published 01 Sep, 2005 12:00am
Metals largely easier

Metals largely easier

Base metals ended Wednesday's London Metal Exchange (LME) session largely easier, with the market still pondering the longer-term implications of Hurricane Katrina in the United States, traders said.
Published 01 Sep, 2005 12:00am
Gold sits tight in Europe

Gold sits tight in Europe

Bullion prices gained in Europe on Wednesday as the previous day's big sell-off attracted buying, but many traders were still bracing for further fund liquidation. Such was the weight of the record-high long position still hanging over the market that, fo
Published 01 Sep, 2005 12:00am
US MIDDAY: coffee extends gains on tight supply

US MIDDAY: coffee extends gains on tight supply

US coffee futures rose Wednesday for the second consecutive session amid lingering worries about supply tightness and damage to coffee storage and roasting facilities in hurricane-stricken Louisiana.
Published 01 Sep, 2005 12:00am
US MIDDAY: cocoa touch weaker on players short positions

US MIDDAY: cocoa touch weaker on players short positions

US benchmark cocoa futures sagged amid modest trading Wednesday, with the benchmark contract shedding about 0.1 percent as market players squared positions for the month's end, traders said.
Published 01 Sep, 2005 12:00am
US MIDDAY: sugar mixed on speculative selling

US MIDDAY: sugar mixed on speculative selling

New York raw sugar futures closed mixed on Wednesday as speculative selling weighed down the benchmark October contract while technical buying lifted deferred months in heavy volume trading.
Published 01 Sep, 2005 12:00am
US MIDDAY: wheat lower on uncertain export prospects

US MIDDAY: wheat lower on uncertain export prospects

Wheat futures at the Chicago Board of Trade were lower early on Wednesday, with September hitting a contract low, on uncertain export prospects and heavy deliveries, traders said.
Published 01 Sep, 2005 12:00am
US MIDDAY: corn at new contract lows on new contract

US MIDDAY: corn at new contract lows on new contract

Corn futures at the Chicago Board of Trade fell to new contract lows early on Wednesday on concerns about the fate of US exports amid the devastation this week from Hurricane Katrina, traders said.
Published 01 Sep, 2005 12:00am
US MIDDAY: copper dips on light buying

US MIDDAY: copper dips on light buying

Copper futures started higher early Wednesday with firm London prices, but gave up those gains and turned lower after the US growth pace rose by less than forecast in the second quarter, traders said.
Published 01 Sep, 2005 12:00am
US MIDDAY: soya sharply lower on export data

US MIDDAY: soya sharply lower on export data

Soyabean futures at the Chicago Board of Trade were sharply lower early Wednesday after a firm open, reacting to worries about future US export business as the Gulf Coast was shut for the fourth day after Hurricane Katrina, traders said.
Published 01 Sep, 2005 12:00am
US MIDDAY: gold rises on short covering

US MIDDAY: gold rises on short covering

US gold futures bounced from previous one-month lows early on Wednesday, as trade buying, short covering and high energy prices all provided a floor after Tuesday's sharp speculative sell-off in precious metals.
Published 01 Sep, 2005 12:00am
Stronger ties with Japan in IT and telecom sought

Stronger ties with Japan in IT and telecom sought

Information Technology Minister Awais Ahmad Khan Leghari on Wednesday sought greater partnerships between Japanese IT firms and Pakistan's software houses to produce high-end products and services that could later be outsourced by the international market
Published 01 Sep, 2005 12:00am
Call to minimise infection risk among burns patients

Call to minimise infection risk among burns patients

Senior doctors working at various tertiary level hospitals of city for infection control on Wednesday urged healthcare workers including doctors to adopt simple and cost-effective steps to minimise infection risk among burns patients.
Published 01 Sep, 2005 12:00am
Replacing the dismantled Buddhas in Afghanistan

Replacing the dismantled Buddhas in Afghanistan

Hiro Yamagata stands in the gaping hole where the world's tallest Buddha once looked over the Bamiyan valley and dreams of lighting up the darkness left by some of the Taleban's most famous victims. The Islamic fundamentalist regime drew international con
Published 01 Sep, 2005 12:00am
Why are they not punished?

Why are they not punished?

The three train accidents at Sarhad Railway Station on 13.7.2005, in which more than two hundred passengers were killed and many hundred were seriously injured and the estimated value of financial loss at around Rs twenty crore, is a clear proof of the in
Published 01 Sep, 2005 12:00am
Developing hydel power projects: risks and constraints

Developing hydel power projects: risks and constraints

Given the special characteristics of a hydel power project, response to the advertised - Expression of Interest (EOI) by the Private Power and Infrastructure Board (PPIB) for implementation of seven hydroelectric power projects has been overwhelming.
Published 01 Sep, 2005 12:00am
The looming deficit in electricity generation

The looming deficit in electricity generation

As informed sources in Islamabad revealed to the Business Recorder, the federal government is determined to end load shedding by the end of next year. President Musharraf too, in a recent statement declared that clean drinking water as well as elec
Published 01 Sep, 2005 12:00am
Overstating the level of capital goods imports

Overstating the level of capital goods imports

The current account balance of Pakistan was mostly in deficit up to 1990s due to payments exceeding receipts in the external sector and this state of affairs resulted in a number of problems, including depreciation of the rupee, frequent resort to externa
Published 01 Sep, 2005 12:00am
LHC summons SSP Lahore

LHC summons SSP Lahore

The Lahore High Court (LHC), while directing SSP Lahore to appear before the court on September 07, has asked SHO Gulberg not to harass and threaten the petitioner Amir Rehman Gujralvi and his family members.
Published 01 Sep, 2005 12:00am
Zero-rate tax promoting business and investment

Zero-rate tax promoting business and investment

Zero rate tax is promoting business and investment flow in the country, while enhanced tax rate on luxury items are discouraging consumerism on one hand and promoting austerity in the society on other hand.
Published 01 Sep, 2005 12:00am
Cotton growers warned

Cotton growers warned

Cotton growers should be extra cautious as the prevalent weather was conducive for pest attack on the crop which was bearing fruit these days, said Muhammad Islam Gill, director central cotton research institute (CCRI).
Published 01 Sep, 2005 12:00am
LTIA to support Piaf-Founders Alliance

LTIA to support Piaf-Founders Alliance

The Lahore Township Industries Association (LTIA) has announced to support the Piaf-Founders Alliance in the forthcoming elections of the Lahore Chamber of Commerce & Industry (LCCI).
Published 01 Sep, 2005 12:00am
FIR against cops presented to LHC

FIR against cops presented to LHC

A Station House Officer (SHO), Shera Kot Wednesday produced a copy of FIR before Lahore High Court, registered against Sub-Inspector Tahir Virk and ASI Javed Ahmad for keeping and torturing a citizen in illegal confinement at the police station.
Published 01 Sep, 2005 12:00am
MMA and ARD deputies urged to resign from assemblies

MMA and ARD deputies urged to resign from assemblies

Muttahida Majlis-i-Amal (MMA) and Alliance for Restoration of Democracy (ARD), in their meetings scheduled for September 3 & 4, 2005 must announce tendering enbloc resignations from assemblies as per decision taken in the all parties conference (APC) held
Published 01 Sep, 2005 12:00am
Ground breaking ceremony of TDM center by mid October

Ground breaking ceremony of TDM center by mid October

The ground breaking ceremony of Rs 450 million Tools, Dies and Molds (TDM) center project is expected to be held by the mid of October this year. This was revealed at the meeting of executive committee of proposed TDM center with Federal Minister for Indu
Published 01 Sep, 2005 12:00am
National defence course participants visit SCCI

National defence course participants visit SCCI

The participants of National Defence Course 2004-05 visited Sialkot Chamber of Commerce and Industry (SCCI) on Wednesday. The aim of the visit to SCCI was to gain valuable input on Sialkot's contribution to national exports and GDP growth.
Published 01 Sep, 2005 12:00am
National Bank opens its branch at Badami Bagh

National Bank opens its branch at Badami Bagh

National Bank of Pakistan (NBP) has opened its Badami Bagh branch here Wednesday, which was inaugurated by NBP Director Iftikhar Ali Malik. Senior NBP officials and business community of Badami Bagh area consisting of auto part market, steel and oil were
Published 01 Sep, 2005 12:00am
PTCL raises salaries of employees

PTCL raises salaries of employees

Pakistan Telecommunication Company Limited (PTCL) has increased 35 per cent salaries of its staff from grade 1 to 16 and allowed payment of 150 days as leave encashment along with several other benefits.
Published 01 Sep, 2005 12:00am
LSE approves formal listing of preference shares

LSE approves formal listing of preference shares

The Lahore Stock Exchange (LSE) has approved the formal listing of preference shares of M/s Masood Textile Mills Ltd, on completion of formalities required under the listing regulations, with effect from Thursday (September 01).
Published 01 Sep, 2005 12:00am
CBR may announce amnesty scheme for smuggled vehicles

CBR may announce amnesty scheme for smuggled vehicles

Chairman Central Board of Revenue (CBR) Abdullah Yousuf has said that the CBR was studying a proposal aimed at launching an amnesty scheme for regularization of smuggled vehicles.
Published 01 Sep, 2005 12:00am
Structure of CMIT being expanded

Structure of CMIT being expanded

Chief Minister Punjab has decided to expand the structure of Chief Minister Inspection Team (CMIT) and its offices at regional level. Furthermore, Chief Minister Inspection Team has completed investigation against more than 300 corrupt officers & official
Published 01 Sep, 2005 12:00am
QIE initiates Rs 200 million project

QIE initiates Rs 200 million project

The Quaid-e-Azam Industrial Estate (QIE) under its new management has initiated development projects worth Rs 200 million to restore infrastructure of the industrial estate. A spokesman of the QIE said here on Wednesday that the most burning issue of the
Published 01 Sep, 2005 12:00am
Cash looted

Cash looted

Unidentified armed dacoits looted Rs 35,000 cash and a cell phone in two robberies while a new Suzuki car was lifted in the city last night, district police said on Wednesday.
Published 01 Sep, 2005 12:00am
Dr Butt assumes PSF Chairman charge

Dr Butt assumes PSF Chairman charge

Renowned scientist Dr N M Butt has assumed the charge of Chairman Pakistan Science Foundation. Dr N M Butt is also Chairman of National Commission on Nano Science & Technology (NCNST), a new initiative of great economic and strategic importance.
Published 01 Sep, 2005 12:00am
Policy incentive launched for mineral development in Fata

Policy incentive launched for mineral development in Fata

The government has launched a policy incentive in order to expand mineral development activities in the tribal areas mainly through private investment with particular focus on infrastructure development in the mineral bearing areas.
Published 01 Sep, 2005 12:00am
ANP to hold grand tribal conference

ANP to hold grand tribal conference

The Awami National Party (ANP) has decided to hold a Grand Tribal Conference after Eidul Fitr to discuss the problems of Fata, particularly in the context of the ongoing military operation against foreign militants and their local hosts in the region.
Published 01 Sep, 2005 12:00am
SSUET to remain closed on September 2

SSUET to remain closed on September 2

Sir Syed University of Engineering and Technology (SSUET) Karachi will remain closed on September 2 (Friday) on account of Shab-e-Meraj, says a university announcement on Wednesday.
Published 01 Sep, 2005 12:00am
Fifth accused in MDA plot scam arrested

Fifth accused in MDA plot scam arrested

Police arrested the fifth accused involved in the alleged fake allotment of a plot by Mirpur development Authority on Tuesday night, police said. The accused Sarfraz Ahmed, sitting Assistant Town Planner of Mirpur Development Authority, was arrested by a
Published 01 Sep, 2005 12:00am
Fata gets Rs 103.917 million in second science education project

Fata gets Rs 103.917 million in second science education project

The Federal Government is spending Rs 103.917 million under 2nd "Science Education Project" in the Federally Administered Tribal Areas (FATA) for the promotion of science education and improving capacity building of the educational institutions in the tri
Published 01 Sep, 2005 12:00am
Mark-up hike on car loans irks consumers

Mark-up hike on car loans irks consumers

Commercial banks have asked their consumers to pay up to three percent more mark-up on the loans they have obtained for buying cars on leasing or financing basis.
Published 01 Sep, 2005 12:00am
'Efforts on to curb domestic violence against women'

'Efforts on to curb domestic violence against women'

The government is making all out efforts to curb domestic violence against women, a top official said here on Wednesday. Ministry of Women Development Secretary Sohail Safdar told a seminar the problem was broad-based and required complete co-operation fr
Published 01 Sep, 2005 12:00am
Khushhali Bank to set up branches in all districts by 2007

Khushhali Bank to set up branches in all districts by 2007

Khushhali Bank will set up its branches in all the districts of the country by the end of 2007 to enhance service outreach to the majority of poor households while maintaining financial sustainability.
Published 01 Sep, 2005 12:00am
Spanish food festival

Spanish food festival

Pearl Continental (PC) Hotel Lahore is holding a 'Spanish Food Festival' from September 9 to 16 at its Marco Polo Restaurant. According to a PC's spokesman here on Wednesday, Spanish foods would be presented with a new look and variety of dishes throughou
Published 01 Sep, 2005 12:00am
Notorious dacoit Zafri killed in encounter

Notorious dacoit Zafri killed in encounter

A most wanted proclaimed offender and notorious dacoit Zafri was killed in a police encounter on the bank of river Ravi in the area of Kamalia Tehsil, here Tuesday night, while his five accomplices disappeared in forest.
Published 01 Sep, 2005 12:00am
NWFP declares five-year uplift plan for Tirah Valley

NWFP declares five-year uplift plan for Tirah Valley

NWFP Governor Khalil-ur-Rehman has declared on Wednesday that, under the special instructions of President General Pervez Musharraf, the 50 year's backwardness and deprivation of Tirah Valley of Khyber Agency would be removed within five years period.
Published 01 Sep, 2005 12:00am
PPPP serves show-cause notice on MNA

PPPP serves show-cause notice on MNA

The PPPP has served a show-cause notice on its member of National Assembly, Syed Qurban Ali shah, for 'repeated violation of party discipline during the recent local bodies' election.
Published 01 Sep, 2005 12:00am
'Reap played significant role in increasing rice export'

'Reap played significant role in increasing rice export'

Rice Exporters Association of Pakistan (Reap) has become the second largest trade body in the country and has played crucial role in increasing rice export with tremendous efforts of its members.
Published 01 Sep, 2005 12:00am
'Privatisation policies bring upward trend in economy'

'Privatisation policies bring upward trend in economy'

The process of deregulation of laws, decentralisation of powers and transparency in privatisation policies have brought about an upward trend in the economy to help Pakistan in overcoming challenges it has been confronting with over the last few years.
Published 01 Sep, 2005 12:00am
Ruet Committee to meet on September 4

Ruet Committee to meet on September 4

The Zonal Ruet-e-Hilal Committee will meet here on September 4, an hour before Maghrib, at Habib Bank Plaza for sighting of Shaaban moon. The Central Ruet-e-Hilal Committee will meet same day in the office of Administrator Auqaf, Charsadda Road, Peshawar
Published 01 Sep, 2005 12:00am
Korean trade team due on September 25

Korean trade team due on September 25

A 30-member trade delegation of Korean Chambers of Commerce and Industry, led by Lee Ji Song, will visit Pakistan from September 25 to 27, 2005. According to FPCCI press release, the delegation will be visiting Pakistan on the invitation of the Federation
Published 01 Sep, 2005 12:00am
Auto parts show from September 15

Auto parts show from September 15

Pakistan Association of Automotive Parts and Accessories Manufacturers (Papaam) is organising PAPS-2005 exhibition here to showcase the state of the Pakistan automobile industry.
Published 01 Sep, 2005 12:00am
Abamco-30 Index available on website

Abamco-30 Index available on website

The Abamco-30 Index, Pakistan's first tree float market capitalisation-based Index, is going live and accessible on the Website (www.abamco.com/a30). According to a press release issued here on Wednesday, Abamco-30 is the first index of its kind in Pakist
Published 01 Sep, 2005 12:00am
Makers threaten legal action if duty-free cement import allowed

Makers threaten legal action if duty-free cement import allowed

The All Pakistan Cement Manufacturers Association (APCMA) has announced to move court against the government if duty-free import of cement is allowed. APCMA chief Tariq Sehgal was of the view that duty-free import of cement was totally illogical in a regi
Published 01 Sep, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (August 31, 2005) and the forecast for Thursday (September 01).
Published 01 Sep, 2005 12:00am
Interim bail extended

Interim bail extended

Justice Musheer Alam of High Court of Sindh (SHC) on Wednesday extended interim bail awarded to former Sindh Minister Imtiaz Shaikh till September 19. The applicant facing charges of corruption was present before the court when the bail plea was taken up.
Published 01 Sep, 2005 12:00am
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