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Print - 2005-10-02
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (October 01, 2005).

Published 02 Oct, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (October 01, 2005).

Published 02 Oct, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (October 01, 2005).

Published 02 Oct, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 02 Oct, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 02 Oct, 2005 12:00am
'Expansion of Internet must be used to combat poverty'

'Expansion of Internet must be used to combat poverty'

Pakistan Ambassador Masood Khan told a UN subcommittee here on Saturday that expansion and diffusion of the Internet should be used to combat poverty and to enhance capacities of the developing countries to invest in education, health and jobs.
Published 02 Oct, 2005 12:00am
New York sugar up as trade eyes October delivery

New York sugar up as trade eyes October delivery

Raw sugar prices banked on a steady barrage of trade and speculative fund buying to finish higher on Friday, as players turned their attention to the expiring October contract, analysts said.
Published 02 Oct, 2005 12:00am
Australian grain: bigger crops seen to meet demand

Australian grain: bigger crops seen to meet demand

Australia's grains industry is likely to see increased production in the years ahead to feed a new ethanol industry which will chew up hundreds of thousands tonnes a year of wheat and sorghum as feedstock for the fuel.
Published 02 Oct, 2005 12:00am
Malaysian tin rises

Malaysian tin rises

Malaysian tin jumped 1.4 percent on Friday, halting a 3-day slide, after a rise in the London price of the metal spurred European and Japanese buying.
Published 02 Oct, 2005 12:00am
Asian rubber: Typhoon Damrey, rain seen fuelling prices

Asian rubber: Typhoon Damrey, rain seen fuelling prices

Typhoon Damrey, which swept across China and Vietnam killing at least 120 people, along with heavy rain in Southeast Asia, is expected to further squeeze rubber supply and drive up prices.
Published 02 Oct, 2005 12:00am
New York copper slips

New York copper slips

US copper futures closed with moderate losses on Friday, pressured by quarter-end profit taking and fatigue at recent record highs, but traders said tight market conditions and a strong regional manufacturing report kept a bid tone in the market.
Published 02 Oct, 2005 12:00am
Soyabeans soar on USDA stocks data

Soyabeans soar on USDA stocks data

Soyabean futures at the Chicago Board of Trade surged on Friday, gapping higher on the open on a lower-than-expected quarterly stocks figure released by the government, traders said.
Published 02 Oct, 2005 12:00am
Gold falls in New York on quarter-end profit-taking

Gold falls in New York on quarter-end profit-taking

Gold futures succumbed on Friday to quarter-end squaring, lower oil prices and a pullback in silver, in seesaw trading that just missed resettling recent bull-market highs.
Published 02 Oct, 2005 12:00am
Tokyo rubber falls back

Tokyo rubber falls back

Tokyo rubber futures edged down due to profit-taking on Friday after briefly hitting a fresh 17-year high on tight fundamentals and a commodities bull market that has also touched copper and crude oil.
Published 02 Oct, 2005 12:00am
CBOT rice slips on profit-taking

CBOT rice slips on profit-taking

Rice futures at the Chicago Board of Trade slipped on Friday, following this week's climb to a three-month top on technical buying, traders said.
Published 02 Oct, 2005 12:00am
Brazilian soyabean exports seen up

Brazilian soyabean exports seen up

Brazil is expected to export a record 25 million tonnes of soyabeans in 2006/07 (February-January), up from 21.3 million tonnes in 2005/06, Brazil's Vegetable Oils Industry Association (Abiove) said Friday.
Published 02 Oct, 2005 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was seen on the forward cottonseed oilcake market as buyers became active in anticipation of tight supply position in the coming days, dealers said.
Published 02 Oct, 2005 12:00am
Exporters-led buying keeps cotton prices higher

Exporters-led buying keeps cotton prices higher

Exporters' led-buying kept the prices higher in the cotton market on Saturday, dealers said. The official spot rate stayed put at Rs 2150 for 2005-06, without upcountry expenses. Cotton price in Sindh was modestly up at Rs 2185-2255 and in Punjab, it was
Published 02 Oct, 2005 12:00am
Pineapple moves down

Pineapple moves down

The trading on pineapple side moved downward here on Jodia Bazar on Saturday. The following changes were seen in the Thaipine 565 gm down Rs 15 to Rs 655, Polac down Rs 15 to Rs 665, Vita Broken down Rs 15 to Rs 675 and Euro Broken down Rs 15 to Rs 645.
Published 02 Oct, 2005 12:00am
Grams prices up ahead of Ramazan

Grams prices up ahead of Ramazan

Ahead of the month of Ramazan, rising demand pushed the prices up on the grain market on Saturday, dealers said. On the grams side, gram garda Punjab inferior type posted Rs 50 gain to Rs 1900 and good type also gained Rs 40 to Rs 1940 as shopkeepers turn
Published 02 Oct, 2005 12:00am
Brazilian sugar vessels lineup flat

Brazilian sugar vessels lineup flat

The lineup of vessels to load sugar in Brazilian ports remained unchanged from last week at 51, shipping agent Williams said. Williams also said in a weekly report 33 vessels were lined up in the southern port of Santos, the same as last week. In Paranagu
Published 02 Oct, 2005 12:00am
New Orleans port seen at 80 percent by year-end

New Orleans port seen at 80 percent by year-end

The hurricane-hit Port of New Orleans should be operating at 30 to 40 percent of capacity within a month, and at 80 percent by the end of the year, the Congressional Budget Office (CBO) said on Thursday.
Published 02 Oct, 2005 12:00am
Pusan port to double container capacity

Pusan port to double container capacity

South Korea's main port of Pusan will open three new berths in January, part of a $9 billion plan to double its container handling capacity by 2011, the head of the port authority said.
Published 02 Oct, 2005 12:00am
Minoan Lines narrows first-half loss, revenues up

Minoan Lines narrows first-half loss, revenues up

Greek ferry operator Minoan Lines narrowed its first-half loss to 6.2 million euros ($7.46 million) from 6.7 million euros in the year-earlier period, the company said in a statement on Tuesday.
Published 02 Oct, 2005 12:00am
Minoan Lines narrows first-half loss, revenues up

Minoan Lines narrows first-half loss, revenues up

Greek ferry operator Minoan Lines narrowed its first-half loss to 6.2 million euros ($7.46 million) from 6.7 million euros in the year-earlier period, the company said in a statement on Tuesday.
Published 02 Oct, 2005 12:00am
Cosco's Dalian joint ventures raises investment to $470 million

Cosco's Dalian joint ventures raises investment to $470 million

Container leasing and port investor Cosco Pacific Ltd said its joint venture with Singapore's PSA International and APM Terminals had increased their investment to 3.8 billion yuan ($470 million) for buying four new berths in China's north-eastern city of
Published 02 Oct, 2005 12:00am
Shanghai new port names foreign investors

Shanghai new port names foreign investors

Shanghai has awarded the second phase of its multi-billion dollar container port project to a consortium with members including Hutchison Whampoa, COSCO Pacific and the port unit of Danish A.P. Moeller-Maersk, APM Terminals, a newspaper said on Monday.
Published 02 Oct, 2005 12:00am
French port strike to extend till Monday

French port strike to extend till Monday

Port workers in Southern France will extend until Monday a strike that has already blocked access to the Lavera and Fos petrochemicals and oil refining hub for four days running, a trade union source said on Friday.
Published 02 Oct, 2005 12:00am
Asian freight rates seen down

Asian freight rates seen down

Thin demand prior to a week-long holiday in China is weighing on benchmark Asian shipping rates after they spiked in the middle of last week, regional brokers said on Tuesday. Support from a firm capsize market has been ebbing since early this week, they
Published 02 Oct, 2005 12:00am
Ferry runs aground in Baltic Sea off Sweden

Ferry runs aground in Baltic Sea off Sweden

A ferry with 542 passengers and crew went aground in the Baltic Sea off Sweden on Tuesday as it made a trip between Stockholm and Estonian capital Tallinn, rescue and company officials said.
Published 02 Oct, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 112,921 tonnes of cargo including 84,535 tonnes import and 28,386 tonnes export cargo including 4,268 containers during last 24 hours ending at 0700 hours on Saturday.
Published 02 Oct, 2005 12:00am
Tendulkar cleared for cricket comeback

Tendulkar cleared for cricket comeback

Indian batting star Sachin Tendulkar has been cleared for a return to competitive cricket after a lengthy lay-off with an injured elbow, chief selector Kiran More said on Saturday. Tendulkar, 32, will take the field for the first time in almost six months
Published 02 Oct, 2005 12:00am
Japan win East Asia Pacific Cricket Cup

Japan win East Asia Pacific Cricket Cup

Japan claimed their first ICC cricket title with a six-run victory over the Cook Islands in the final of the East Asia-Pacific (EAP) Cricket Cup tournament in Vanuatu, the ICC reported on Saturday.
Published 02 Oct, 2005 12:00am
Huston takes second round lead

Huston takes second round lead

John Huston, in the midst of a late-season push to keep his PGA Tour card, fired a six-under-par 66 on Friday to take a one-shot lead after two rounds of the Chrysler Classic of Greensboro.
Published 02 Oct, 2005 12:00am
Jankovic and Vaidisova in final

Jankovic and Vaidisova in final

Top seed Jelena Jankovic of Serbia and No 2 seed Nicole Vaidisova of the Czech Republic will meet in the Korea Open final here on Sunday. Jankovic, ranked 17 in the world, set up a final clash with the tournament's youngest player, 16-year-old Vaidisova,
Published 02 Oct, 2005 12:00am
Murray moves into miracle final against Federer

Murray moves into miracle final against Federer

Teenaged British wild card entry Andy Murray defied all the odds on Saturday as he rallied past local hero Paradorn Srichaphan 6-7 (3/7), 7-5, 6-2 to set up a miracle final at the 550,000-dollar Thailand open against peerless Roger Federer.
Published 02 Oct, 2005 12:00am
Two Russian cops killed

Two Russian cops killed

Rebels killed two pro-Moscow police and wounded another five in battles in Russia's disputed Chechnya, local media reported on Saturday. News agencies reported that rebels opened fire on police checking houses in the village of Terskoye just outside regio
Published 02 Oct, 2005 12:00am
Indian Maoist rebels kill 5

Indian Maoist rebels kill 5

Maoist guerrillas shot dead five people in India's central Chhattisgarh state in fresh rebel violence that has forced thousands of tribespeople to flee their homes, police said on Saturday. "The rebels killed five people and dumped their bodies in the for
Published 02 Oct, 2005 12:00am
New York Times reporter tells of source in CIA leak case

New York Times reporter tells of source in CIA leak case

After 85 days in jail for refusing to name her source, New York Times reporter Judith Miller testified on Friday about conversations with a top aide to Vice President Dick Cheney to a grand jury investigating who leaked the name of a CIA operative.
Published 02 Oct, 2005 12:00am
Taiwan gay activists march for equal rights

Taiwan gay activists march for equal rights

Thousands of gay activists, many in flamboyant costumes, took to the streets of Taiwan's capital on Saturday to demand equal rights in a society that still frowns upon homosexuality.
Published 02 Oct, 2005 12:00am
South Korea may field candidate for top UN job

South Korea may field candidate for top UN job

South Korea is seriously considering fielding a candidate to succeed Kofi Annan as UN secretary-general, Foreign Minister Ban Ki-moon said on Saturday.
Published 02 Oct, 2005 12:00am
US waives sanctions on Saudi Arabia over religious rights

US waives sanctions on Saudi Arabia over religious rights

The United States has postponed punishing Saudi Arabia, its close ally and key oil supplier, for restricting religious freedom - the first time Washington has waived punishing a blacklisted country under a 1998 law targeting violators of religious rights.
Published 02 Oct, 2005 12:00am
Russia-US crew, tourist blast off into space

Russia-US crew, tourist blast off into space

A Russia-US two-man crew and the world's third space tourist blasted off from Earth on Saturday, bound for orbit and the International Space Station.
Published 02 Oct, 2005 12:00am
Fatah dominates Palestinian local elections

Fatah dominates Palestinian local elections

Palestinian President Mahmoud Abbas's Fatah party far outstripped militant group Hamas in a round of West Bank municipal elections seen as a test of political clout ahead of 2006 parliamentary polls.
Published 02 Oct, 2005 12:00am
22 UN staffers detained since mid-2004: Annan

22 UN staffers detained since mid-2004: Annan

Twenty-two UN staff members have been detained since mid-2004 despite an international treaty guaranteeing the safety of UN personnel, Secretary-General Kofi Annan said on Friday.
Published 02 Oct, 2005 12:00am
Algerian Islamic rebels reject amnesty

Algerian Islamic rebels reject amnesty

An Internet statement attributed to Algeria's largest outlawed Islamic militant group, aligned with al Qaeda, said it opposed an amnesty in exchange for laying down its arms and would continue its Jihad, or holy war.
Published 02 Oct, 2005 12:00am
New Russian public chamber meets

New Russian public chamber meets

A new Russian "public chamber" met for the first time on Saturday aiming to improve ties between officials and society, but failed to sway sceptics who say the other two houses of parliament should be doing that already.
Published 02 Oct, 2005 12:00am
Bush 'encouraged' despite report on Iraqi troops

Bush 'encouraged' despite report on Iraqi troops

President George W. Bush sought on Saturday to dispel concerns about the readiness of US-trained Iraqi security forces, declaring himself "encouraged" even though his top generals say the number of battalions that can fight insurgents without help has dro
Published 02 Oct, 2005 12:00am
US troops attack towns in west Iraq; 4 killed

US troops attack towns in west Iraq; 4 killed

Around 1,000 US troops, backed by helicopter gunships, attacked towns in the far west of Iraq on Saturday, in the latest push to track down al Qaeda militants they believe are hiding near the Syrian border.
Published 02 Oct, 2005 12:00am
CNPC and Total SA to develop China gas field

CNPC and Total SA to develop China gas field

China National Petroleum Corp (CNPC) and French refiner Total SA have agreed to jointly develop a gas field in north-west China, state media said on Saturday.
Published 02 Oct, 2005 12:00am
Japan and China split on gas exploration

Japan and China split on gas exploration

Japan and China failed to resolve a row over gas exploration in the East China Sea in talks that ended Saturday, but agreed to more dialogue this month to discuss Tokyo's new offer for joint development, Japanese officials said.
Published 02 Oct, 2005 12:00am
Kuwait earmarks $51 billion for projects

Kuwait earmarks $51 billion for projects

Kuwait, flush with petrodollars and free from the threat of Saddam Hussein's Iraq, plans 15 billion dinars ($51 billion) worth of housing and infrastructure projects by decade's end, the public works minister said.
Published 02 Oct, 2005 12:00am
Iran plans to scrap more old cars, cut petrol use

Iran plans to scrap more old cars, cut petrol use

Iran has ambitious plans to increase tenfold a credit-scheme for scrapping old cars to clean up its polluted cities and reduce expensive petrol imports, an official said on Saturday. The government is setting aside more than $300 million to pay for the pr
Published 02 Oct, 2005 12:00am
Indonesia raises fuel prices, amid protests

Indonesia raises fuel prices, amid protests

Sharply higher fuel prices took effect in Indonesia on Saturday, sparking some protests as President Susilo Bambang Yudhoyono bet his popularity would blunt social unrest in the world's fourth-most populous country.
Published 02 Oct, 2005 12:00am
Google proposes free Wi-Fi for San Francisco

Google proposes free Wi-Fi for San Francisco

Marking its biggest step into the wireless communications market to date, Google Inc said on Friday it has proposed to provide free wireless Internet services across the city of San Francisco.
Published 02 Oct, 2005 12:00am
Microsoft plans cheaper Windows version for India

Microsoft plans cheaper Windows version for India

Microsoft Corp plans to release a low-cost version of its Windows software for India in an attempt to check high piracy levels, the legal affairs head of the world's largest independent software maker said.
Published 02 Oct, 2005 12:00am
Sony to sell restructuring to investors

Sony to sell restructuring to investors

Now that Sony Corp has spelled out a plan to revive profits at the struggling electronics and entertainment conglomerate, Chief Executive Howard Stringer says his next battle is convincing sceptical investors it will work.
Published 02 Oct, 2005 12:00am
Sony to sell restructuring to investors

Sony to sell restructuring to investors

Now that Sony Corp has spelled out a plan to revive profits at the struggling electronics and entertainment conglomerate, Chief Executive Howard Stringer says his next battle is convincing sceptical investors it will work.
Published 02 Oct, 2005 12:00am
South Korea export data boosts rates hike chances

South Korea export data boosts rates hike chances

South Korean exports in September rose a stronger-than-expected 18.7 percent from a year earlier to a record, the fastest pace in 10 months, government data showed on Saturday, bolstering expectations for an interest rate rise.
Published 02 Oct, 2005 12:00am
World's biggest banking group launched in Japan

World's biggest banking group launched in Japan

The world's biggest banking group in terms of assets was launched in Japan on Saturday through the merger of Mitsubishi Tokyo Financial Group Inc and UFJ Holdings Inc.
Published 02 Oct, 2005 12:00am
BenQ gives Siemens mobile workers no job guarantee

BenQ gives Siemens mobile workers no job guarantee

The head of Taiwan's BenQ has given no job guarantee to employees at Siemens' mobile-phones unit, which it has bought from the German company, Welt am Sonntag newspaper reported.
Published 02 Oct, 2005 12:00am
IMF holds up Serb mission over pension move

IMF holds up Serb mission over pension move

The International Monetary Fund said on Saturday it was holding up a mission to Belgrade after Serbia adopted a watered-down pension reform that disregarded agreed changes.
Published 02 Oct, 2005 12:00am
Council tax rises outstrip inflation in Britain

Council tax rises outstrip inflation in Britain

The average council tax bill in Britain has more than doubled since its introduction in 1993, far outpacing inflation during the period, a survey showed on Saturday. The average council tax bill per dwelling topped 1,000 pounds for the first time in 2005
Published 02 Oct, 2005 12:00am
Council tax rises outstrip inflation in Britain

Council tax rises outstrip inflation in Britain

The average council tax bill in Britain has more than doubled since its introduction in 1993, far outpacing inflation during the period, a survey showed on Saturday. The average council tax bill per dwelling topped 1,000 pounds for the first time in 2005
Published 02 Oct, 2005 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices rose on the long end on Friday, helped by a late-day stock selloff. The bond prices fluctuated through much of the session, eventually closing higher as market players digested economic data and set their positions on the last tra
Published 02 Oct, 2005 12:00am
Canadian bond prices rise

Canadian bond prices rise

The Canadian bond prices rose on the long end on Friday, helped by a late-day stock selloff. The bond prices fluctuated through much of the session, eventually closing higher as market players digested economic data and set their positions on the last tra
Published 02 Oct, 2005 12:00am
Mexican stocks top 16,000 points

Mexican stocks top 16,000 points

Mexico's IPC stock index closed at a record high on Friday, breaking above 16,000 points for the first time as investors seeking higher returns than those offered by relatively low-yielding bonds bid up prices.
Published 02 Oct, 2005 12:00am
US corporate bonds: Delphi rally loses steam

US corporate bonds: Delphi rally loses steam

Delphi Corp's bonds rallied on Friday, but then lost its gains amid speculation the company could potentially breach loan covenants, while spreads in the broader US corporate bond market ended unchanged.
Published 02 Oct, 2005 12:00am
US corporate bonds: Delphi rally loses steam

US corporate bonds: Delphi rally loses steam

Delphi Corp's bonds rallied on Friday, but then lost its gains amid speculation the company could potentially breach loan covenants, while spreads in the broader US corporate bond market ended unchanged.
Published 02 Oct, 2005 12:00am
US Treasury debt prices finish lower

US Treasury debt prices finish lower

US Treasury debt prices declined on Friday as rising inflation and a sharp improvement in Midwest business conditions reaffirmed the likelihood of further interest rate hikes from the Federal Reserve.
Published 02 Oct, 2005 12:00am
US Treasury debt prices finish lower

US Treasury debt prices finish lower

US Treasury debt prices declined on Friday as rising inflation and a sharp improvement in Midwest business conditions reaffirmed the likelihood of further interest rate hikes from the Federal Reserve.
Published 02 Oct, 2005 12:00am
Argentinean stocks dip

Argentinean stocks dip

Argentine stocks fell slightly on Friday after racking up record highs for four straight days and breaking through the 1,700 mark on the main index.
Published 02 Oct, 2005 12:00am
American credit market outlook

American credit market outlook

Credit investors are bullish about chip maker Advanced Micro Devices Inc for several reasons beyond a favourable outlook for AMD in the server and personal computer market, analysts said.
Published 02 Oct, 2005 12:00am
American credit market outlook

American credit market outlook

Credit investors are bullish about chip maker Advanced Micro Devices Inc for several reasons beyond a favourable outlook for AMD in the server and personal computer market, analysts said.
Published 02 Oct, 2005 12:00am
Brazilian stocks set fresh record high

Brazilian stocks set fresh record high

Brazil's stocks notched yet another record high on Friday thanks to strong foreign investor appetite for assets in Latin America's largest country, while the local currency slipped from a four-year high because of expiring options.
Published 02 Oct, 2005 12:00am
Eurostocks: wary ahead of payrolls, rates

Eurostocks: wary ahead of payrolls, rates

European stock markets are likely to hold at 40-month highs next week ahead of US economic data and interest rate decisions in Europe and the UK, and with scant scheduled corporate news to spur activity.
Published 02 Oct, 2005 12:00am
Chile stocks up

Chile stocks up

Chile stocks rose on Friday, ending the month on a positive note, with electric utility companies leading cross-sector gains. The IPSA blue chip index rose 0.59 percent to 2,152.82 points while the broader IGPA index climbed 0.38 percent at 10,073.32, pre
Published 02 Oct, 2005 12:00am
Toronto stocks end winning week with flat finish

Toronto stocks end winning week with flat finish

Toronto stocks finished flat on Friday as sagging gold issues wiped out gains by the financial and technology sectors. The Toronto Stock Exchange S&P/TSX composite index fell 6.67 points, or 0.06 percent, to 11,011.83. For the week, the key index rose 0.9
Published 02 Oct, 2005 12:00am
Citigroup top US IPO underwriter in third quarter

Citigroup top US IPO underwriter in third quarter

Citigroup grabbed the top spot in US-listed IPO underwriting activity in the third quarter, boosted by three of the largest deals of the period, according to research firm Dealogic on Friday.
Published 02 Oct, 2005 12:00am
US stocks slightly higher, third quarter is best for 2005

US stocks slightly higher, third quarter is best for 2005

US stocks ended slightly higher on Friday, helping to push indexes to their best quarterly finish for 2005, as a dip in crude oil prices lifted shares of companies that are heavy users of fuel, including Caterpillar Inc and DuPont Co.
Published 02 Oct, 2005 12:00am
Brazilian currency slips

Brazilian currency slips

Brazil's local currency slipped from a four-year high on Friday because of expiring options. The real weakened 0.77 percent to 2.23 a US dollar, leaving gains for September at 5.4 percent, the most for any month in more than two years.
Published 02 Oct, 2005 12:00am
IMM speculators boost net long dollar position

IMM speculators boost net long dollar position

Speculators in International Monetary Market currency futures on the Chicago futures exchanges extended their net long dollar positions in the week to September 27, data released on Friday showed.
Published 02 Oct, 2005 12:00am
Dollar gains versus yen in technical session

Dollar gains versus yen in technical session

The dollar posted solid gains against the yen on Friday in technically-driven trading and eked out an advance against the euro amid end-of-quarter book squaring and a better-than-expected manufacturing report from the Chicago area.
Published 02 Oct, 2005 12:00am
Forex market views, key levels

Forex market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
Published 02 Oct, 2005 12:00am
Low US inflation may reflect luck: Fed's Kohn

Low US inflation may reflect luck: Fed's Kohn

The low level of US inflation may reflect luck and structural economic change, not just good monetary policy, Federal Reserve Governor Donald Kohn said on Thursday as he called for work on improving inflation models.
Published 02 Oct, 2005 12:00am
Canadian dollar hits 14-year high

Canadian dollar hits 14-year high

The Canadian dollar soared to a 14-year high against the greenback on Friday and also hit new peaks against several other major currencies as momentum players bet on a steady economy, more interest rate hikes and further investment in Canada's oil patch.
Published 02 Oct, 2005 12:00am
British Airways special offer

British Airways special offer

British Airways provides a golden opportunity to its cost conscious travellers to enjoy leisure break on Eid, said commercial manager Paul Dhami.
Published 02 Oct, 2005 12:00am
Foreign professors' involvement in HEC policies sought

Foreign professors' involvement in HEC policies sought

Foreign professors, working in various varsities of Pakistan, have been advised to thoroughly review all programmes, initiatives and policies of the Higher Education Commission so as to bring them at par with the international norms, it is learnt here.
Published 02 Oct, 2005 12:00am
Jinnah Telecom launches 'Jeeway Pakistan' calling cards

Jinnah Telecom launches 'Jeeway Pakistan' calling cards

The Jinnah Telecom Private Limited has launched its new calling cards 'Jeeway Pakistan', powered by DVCom, which are available in seven denominations of 50, 100, 250, 500, 750, 1000 and 2000 rupees.
Published 02 Oct, 2005 12:00am
Four dacoits arrested in DHA

Four dacoits arrested in DHA

The police on Saturday have arrested four dacoits looting a house in Lane 3 of Khayaban-e-Badban of DHA on Saturday, however, three of companions managed their good escape.
Published 02 Oct, 2005 12:00am
Mirwaiz to attend Brussels Kashmir moot

Mirwaiz to attend Brussels Kashmir moot

Hurriyat Conference (A) Chairman Mirwaiz Omar has received an invitation for participation in conference on Kashmir in Brussels, capital of Belgium. "Mirwaiz has been invited for discussions on Kashmir issue by European Union and Kashmir Centre at Brussel
Published 02 Oct, 2005 12:00am
PMA holds proficiency evaluation test

PMA holds proficiency evaluation test

Pakistan Medical Association (PMA) Science and Health Council held the 9th Proficiency Evaluation Test (PET-2005) on Saturday simultaneously at 11 difference centres all over the country. A total of 623 medical students including 97 from Karachi appeared
Published 02 Oct, 2005 12:00am