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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-06
Oil sheds $1.11 despite drop in US inventories

Oil sheds $1.11 despite drop in US inventories

Oil prices fell sharply Wednesday as cooler demand for gasoline offset a drop in US crude stockpiles following supply disruptions caused by hurricanes Katrina and Rita, analysts said.
Published 06 Oct, 2005 12:00am
KCBT wheat closes lower

KCBT wheat closes lower

Hard red winter wheat futures on the Kansas City Board of Trade settled lower on Wednesday with beneficial weather in the Plains weighing on an already technically weak market, traders said. The market closed 1/2 cent to 1-3/4 cents lower, with the Decemb
Published 06 Oct, 2005 12:00am
New York cotton closes higher

New York cotton closes higher

Cotton futures finished higher Wednesday on modest speculative buying as the market was again pinned in a band while waiting for leads from a pair of government reports, brokers said.
Published 06 Oct, 2005 12:00am
London sugar flat to easier at close

London sugar flat to easier at close

London white sugar futures closed flat to lower on speculative profit-taking and trade sales on Wednesday, and traders said the market looked vulnerable to further selling. Front-month December settled down $3.1 or one percent at $298.7, having moved from
Published 06 Oct, 2005 12:00am
Copper hits new record high on supply woes

Copper hits new record high on supply woes

Copper prices rose to fresh record highs on the London Metal Exchange (LME) on Wednesday, boosted by short-term supply problems in Canada, the United States and Zambia, traders said.
Published 06 Oct, 2005 12:00am
US MIDDAY: cocoa higher on December contract

US MIDDAY: cocoa higher on December contract

US cocoa futures edged higher on Wednesday as a recoiling dollar and steady bean prices in London's cocoa market offered a modest reprieve from losses posted this week, industry sources said.
Published 06 Oct, 2005 12:00am
US MIDDAY: sugar up on speculative buying

US MIDDAY: sugar up on speculative buying

Raw sugar prices settled marginally higher Wednesday on speculative buying and analysts were mulling if the sweetener has enough firepower to rally to its highest level in over 10 years in the coming sessions.
Published 06 Oct, 2005 12:00am
US MIDDAY: copper up on fund buying

US MIDDAY: copper up on fund buying

US copper futures reached new contract highs for the third straight day Wednesday on the heels of new record highs in London as supply worries and another large stock draw on the LME were seen as catalysts for the market's bullish tone, sources said.
Published 06 Oct, 2005 12:00am
US MIDDAY: soybeans higher on fund buying

US MIDDAY: soybeans higher on fund buying

Soybean futures at the Chicago Board of Trade were boosted on Wednesday by a fund-led rally in soybean oil, traders said. Speculative interest in soybean oil remains high amid prospects for increased demand for biodiesel.
Published 06 Oct, 2005 12:00am
Shandy Cola Pakistan

Shandy Cola Pakistan

Shandy cola Pakistan is extremely thankful to its admirable consumers for the appreciation, encouragement and for the confidence they have shown for our products. Shandy cola Pakistan was established in 1995 and in short span of ten years, it has become o
Published 06 Oct, 2005 12:00am
Hamdard: A success story

Hamdard: A success story

The Unani system of medicine owes, as its name suggests, its origin to Greece and though its theoretical framework is based on the teachings of Hippocrates and Galen it was developed into an elaborate medical system by the Arabs who gave it a scientific b
Published 06 Oct, 2005 12:00am
Afroze Oil (Private) Limited

Afroze Oil (Private) Limited

Afroze Oil (Private) Limited was established in 2003 with the collaboration of Pakistan's top of the list textile mills ie Silver Textiles, Afroze Textiles (Private) Limited and Sajid Textiles (Private) Limited.
Published 06 Oct, 2005 12:00am
KFC - the chicken experts

KFC - the chicken experts

The KFC concept was introduced 60 years ago when Colonel Harland Sanders perfected his secret recipe for the famous Kentucky Fried Chicken. Over the years many attempts have been made to uncover the exact blend but all have invariably failed because they
Published 06 Oct, 2005 12:00am
Cooking in Ramazan - Trans Fats free!

Cooking in Ramazan - Trans Fats free!

In the month of Ramazan the use of banaspati and cooking oil multiplies manifold as the traditional Pakistani cuisine requires its heavy usage for deep frying. During Ramazan, fried and delicious Pakoras in the Iftari and mouth watering Parathas in the Se
Published 06 Oct, 2005 12:00am
New and old ID cards valid for voting: CEC

New and old ID cards valid for voting: CEC

The Election Commission of Pakistan announced on Wednesday that new and old national identity cards are valid for voting in the third phase of Local Government election while newly issued ID cards by the concerned Assistant Election Commissioner is not ma
Published 06 Oct, 2005 12:00am
Government spending Rs 160 billion on education

Government spending Rs 160 billion on education

Prime Minister Shaukat Aziz has said that the government is spending Rs 160 billion on education at all levels. Addressing a function organised in connection with International Teachers Day (Salam Teacher Day) here on Wednesday, he said that it was the te
Published 06 Oct, 2005 12:00am
Law officers served notice in poll petition

Law officers served notice in poll petition

The Supreme Court on Wednesday issued notices to federal Attorney General and Advocate General Punjab in connection with a constitutional petition filed by Barrister Ghazanfar Ali Gull, a candidate for the slot of district nazim Gujrat.
Published 06 Oct, 2005 12:00am
Task force to prepare five-year nursing sector plan

Task force to prepare five-year nursing sector plan

The government on Wednesday constituted a national task force to chalk out a five-year national 'Nursing Sector Plan', besides giving approval for 2355 new posts for nurses.
Published 06 Oct, 2005 12:00am
CDA to issue water bills to Chak Shahzad residents

CDA to issue water bills to Chak Shahzad residents

The Capital Development Authority (CDA) has decided to issue water bills to the residents of Chak Shahzad. The decision was taken on Wednesday in a meeting of the CDA board presided over by its Chairman Kamran Lashari. The CDA board members and representa
Published 06 Oct, 2005 12:00am
EU gives Rs 190 million for combating tuberculosis

EU gives Rs 190 million for combating tuberculosis

The European Commission on Wednesday granted Rs 190 million for combating tuberculosis (TB) in Pakistan. The grant would reduce the prevalence of TB in Balochistan and Sindh under EU 'Aid for Poverty-related Diseases' program which would be implemented by
Published 06 Oct, 2005 12:00am
Ramazan moon

Ramazan moon

It is highly commendable to note that Business Recorder was the only newspaper, which predicted that Ramazan moon in most likelihood would not be sighted on Tuesday evening giving astronomical parameters.
Published 06 Oct, 2005 12:00am
Musharraf, women and justice

Musharraf, women and justice

A well-orchestrated vilification campaign against General Musharraf and his government for not protecting the women against their abuse by the feudals, gangsters and the police itself is going on these days in the print and electronic media.
Published 06 Oct, 2005 12:00am
'The untouchables'

'The untouchables'

Justice Hazik-ul-Khairi (Retd), speaking at the seminar on "Role of society in eradicating corruption" organised by National Accountability Bureau (Sindh) recently in Karachi, lamented the unbridled power of people with influence whom he termed as various
Published 06 Oct, 2005 12:00am
US poverty worst in industrialised world

US poverty worst in industrialised world

Four decades after a US president declared war on poverty, more than 37 million people in the world's richest country are officially classified as poor and their number has been on the rise for years. Last year, according to government statistics, 1.1 mil
Published 06 Oct, 2005 12:00am
Banking sector since 1999

Banking sector since 1999

The reforms in the banking sector- more particularly in the public sector banks- commenced in early 1997 after Mian Muhammad Nawaz Sharif took over as the Prime Minister of the country with the induction of so-called professional management in National Ba
Published 06 Oct, 2005 12:00am
Prospects of boosting seafood exports

Prospects of boosting seafood exports

Speaking at a seminar on Moody Marine Services, in Karachi on October 4, Qamar Raza, Director General, Marine Fisheries Department, is reported to have made the welcome revelation that a European Union mission will visit the Karachi Fish Harbour early nex
Published 06 Oct, 2005 12:00am
Towards an Islamic common market

Towards an Islamic common market

At the conclusion of its deliberations in Kuala Lumpur on Monday, the newly organised World Islamic Economic Forum (WIEF) called for the establishment of an Islamic common market. It decided to undertake measures that would facilitate easy movement of bus
Published 06 Oct, 2005 12:00am
Natwar visits Indian Consulate

Natwar visits Indian Consulate

Indian External affairs Minister Kanwar Natwar Singh on Wednesday paid a visit to the Indian Consulate building to have first hand information about its repair and renovation.
Published 06 Oct, 2005 12:00am
MQM and PPPP teams call on Natwar

MQM and PPPP teams call on Natwar

The delegations of Muttahida Qaumi Movement (MQM) and Pakistan Peoples Party Parliamentarian (PPPP) called on the visiting Foreign Minister of India, Natwar Singh here on Monday.
Published 06 Oct, 2005 12:00am
Mela to mark 'Micro-Credit 2005' held in Hyderabad

Mela to mark 'Micro-Credit 2005' held in Hyderabad

To celebrate 'International Year of Micro-Credit 2005' declared by the United Nations, a micro mela was organised by the Sindh Micro Finance Network (SMN) with the financial support of Financial Sector Strengthening Programme (FSSP) at a local hotel on Mo
Published 06 Oct, 2005 12:00am
Sindh police urged to be extra vigilant during Ramazan

Sindh police urged to be extra vigilant during Ramazan

Sindh police chief Asad Jahangir Khan, in view of threats from terrorists organisations still operative in Karachi, has instructed police to enhance its vigilance around sensitive locations, buildings, mosques and imamabargahs.
Published 06 Oct, 2005 12:00am
1,000 Pakistani students getting medical education in China

1,000 Pakistani students getting medical education in China

The number of Pakistani students in China, seeking medical education (MBBS degree), reached over 1000. Mostly, students are registered in medical institutions in the Chinese major cities Urumqi, Xian, Tianjin and Zhengzou.
Published 06 Oct, 2005 12:00am
Railways to give land to Sheikhupura dry port

Railways to give land to Sheikhupura dry port

The railways' authorities have decided to hand over its land to Sheikhupura Dry Port Trust after retrieving the same from illegal occupants. The decision was made at a high-level meeting between the Railway authorities and members of Sheikhupura Dry Port
Published 06 Oct, 2005 12:00am
Bill payment: SNGPL signs contract with Nadra

Bill payment: SNGPL signs contract with Nadra

Sui Northern Gas Pipeline Limited (SNGPL) on Wednesday signed a contract with National Database and Registration Authority (Nadra), enabling its consumers to pay their gas bills through machines to be installed at latter's premises.
Published 06 Oct, 2005 12:00am
690 candidates contesting for Nazims slots in Punjab

690 candidates contesting for Nazims slots in Punjab

All is set for third and final phase of the local body elections to be held on Thursday in which 690 candidates are contesting elections for the slots of district, tehsil and town nazims in 35 districts of the province.
Published 06 Oct, 2005 12:00am
Senior journalist also in run for Lahore nazim slot

Senior journalist also in run for Lahore nazim slot

Besides Mian Amir, former District Nazim, and Rana Mashhood, candidate of the ARD, a senior journalist Nawaz Malik is also contesting for the post of district nazim of the city. His symbol in the election is ceiling fan.
Published 06 Oct, 2005 12:00am
Punjab chief minister assures fairness of polls

Punjab chief minister assures fairness of polls

Punjab Chief Minister Chaudhry Pervaiz Elahi, chairing a meeting here on Wednesday, has averred that third phase of local bodies elections on October 6, would be held in free and fair manner and necessary arrangements have been made complying Chief Electi
Published 06 Oct, 2005 12:00am
Joint opposition to discuss future line of action on October 8

Joint opposition to discuss future line of action on October 8

Steering Committee formed by the National Leaders' Conference is scheduled to meet in Islamabad on October 8, to decide future line of action concerning the anti-government drive of joint opposition. Jamaat-i-Islami General Secretary Munawar Hassan reveal
Published 06 Oct, 2005 12:00am
LSE brokerage house turns into ashes

LSE brokerage house turns into ashes

A brokerage house situated on 5th floor of the Lahore Stock Exchange (LSE) building was gutted, after a fire broke out, causing millions of rupees' loss to the owner of house. However, there was no interruption to LSE trading.
Published 06 Oct, 2005 12:00am
41 points set up to sell Atta at subsidised rate

41 points set up to sell Atta at subsidised rate

Forty one sale points have been established for the sale of subsidised flour under the Chief Minister's 'Sasta Atta Scheme' during Ramazan in Gujranwala district.
Published 06 Oct, 2005 12:00am
Three Punjab districts termed sensitive

Three Punjab districts termed sensitive

Three districts of Punjab province Khushab, Jhang and Kasur have been termed sensitive and Rangers have been called out to check any mishap. Heavy contingents of police force would remain present outside and inside of polling stations in the areas.
Published 06 Oct, 2005 12:00am
Interim bail to parliamentary secretary allowed

Interim bail to parliamentary secretary allowed

The Lahore High Court (LHC) has allowed interim bail to Punjab Parliamentary Secretary, Malik Muhammad Ahmed Khan and his cousin Ijaz Ahmed Khan till October 09.
Published 06 Oct, 2005 12:00am
Call for pre-emptive steps to meet WTO regime

Call for pre-emptive steps to meet WTO regime

Speakers at a seminar called for pre-emptive measures to meet the challenges of World Trade Organisation regime. The seminar titled "WTO and Pakistan" was organised by Takhleeqe Foundation at Sindh Agriculture University, Tando Jam.
Published 06 Oct, 2005 12:00am
School holiday on October 6

School holiday on October 6

Sindh Government has declared Thursday (October 06) as holiday for colleges/schools at Tehsil/district headquarters where polling stations have been set up for the third phase of Local Government indirect elections 2005. It was officially announced here o
Published 06 Oct, 2005 12:00am
Integrated water management in Indus river emphasised

Integrated water management in Indus river emphasised

The need for an integrated and equitable management of waters in the Indus river watershed and across South Asia's watersheds has been emphasised in the recommendations made by the regional conference on Integrated Water Resource Management in South Asia
Published 06 Oct, 2005 12:00am
Indian Coast Guards director general visits MSA

Indian Coast Guards director general visits MSA

Director General Indian Coast Guards, Vice Admiral Arun Kumar Singh, who is currently visiting Pakistan, called on Director General, Pakistan Maritime Security Agency, Rear admiral Bakhtiar Mohsin here on Wednesday.
Published 06 Oct, 2005 12:00am
EPB urged to reduce fair fee

EPB urged to reduce fair fee

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has urged the Export Promotion Bureau (EPB) to reduce the fee for exporters' participation in international fairs and charge the same on their return from the exhibitions.
Published 06 Oct, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (October 05, 2005) and the forecast for Thursday (October 06, 2005).
Published 06 Oct, 2005 12:00am
New York cotton

New York cotton

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

Published 06 Oct, 2005 12:00am
Farmers urged to raise quality of produce

Farmers urged to raise quality of produce

A plan has been introduced to improve conditions and facilitate the farming community at 155 fruit and vegetable markets operating under, the Agri Marketing Department, Punjab.
Published 06 Oct, 2005 12:00am
New York cotton

New York cotton

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

Published 06 Oct, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
HEC becomes member of quality assurance agency

HEC becomes member of quality assurance agency

The Higher Education Commission (HEC) has become a member of International Quality Assurance Agency in Higher Education (IQAA). Based in Dublin, the Agency has three categories of membership ie full member, associate member and intermediate member.
Published 06 Oct, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
Criminal wastage of money

Criminal wastage of money

Corruption left in the past in Agriculture Department still continues which can be judged by the fact that the provincial exchequer is paying around Rs 16.8 million per annum to vehicle drivers in various sections of Provincial Agriculture Extension with
Published 06 Oct, 2005 12:00am
Key stock market movements at 1700 GMT on October 05

Key stock market movements at 1700 GMT on October 05

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 06 Oct, 2005 12:00am
FHBM assets cross Rs 1 billion mark

FHBM assets cross Rs 1 billion mark

The net leased assets of the First Habib Bank Modaraba crossed Rs 1 billion mark in the year ended on June 30, 2005 because of healthy growth recorded in its core business segments.
Published 06 Oct, 2005 12:00am
FHBM assets cross Rs 1 billion mark

FHBM assets cross Rs 1 billion mark

The net leased assets of the First Habib Bank Modaraba crossed Rs 1 billion mark in the year ended on June 30, 2005 because of healthy growth recorded in its core business segments.
Published 06 Oct, 2005 12:00am
Land earmarked for SMEs

Land earmarked for SMEs

The Union of Small and Medium Enterprises (Unisame) has been assured by the Sindh government has earmarked land for the small and medium enterprises (SMEs) in the urban and rural areas of the province for the development of rice, pulses, textiles, enginee
Published 06 Oct, 2005 12:00am
Third phase local government polls in four Hyderabad districts today

Third phase local government polls in four Hyderabad districts today

The Election Commission has finalised all arrangements to conduct third phase of local government elections for the slots of District Nazims, Taluka Nazims, and members for reserved seats in Zila and Taluka Councils of Hyderabad, Tando Allahyar, Tando Muh
Published 06 Oct, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
Sardar Attique calls on Faisal

Sardar Attique calls on Faisal

President All Jammu and Kashmir Muslim Conference Sardar Attique Ahmed Khan called on Minister for Kashmir Affairs and Northern Areas Makhdoom Syed Faisal Saleh Hayat in his office here on Wednesday. They discussed the political situation in Azad Kashmir.
Published 06 Oct, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (October 05, 2005) and Thursday (October 06, 2005)
Published 06 Oct, 2005 12:00am
Opposition to be involved in Pak-India dialogue: PPP

Opposition to be involved in Pak-India dialogue: PPP

Secretary General of the Pakistan People's Party, AJK, Chaudhry Mohammad Yasin has called upon the government of Pakistan to take the opposition parties into confidence regarding dialogue with India on Kashmir.
Published 06 Oct, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 06, 2005.

Published 06 Oct, 2005 12:00am
Last phase local bodies polls in NWFP today

Last phase local bodies polls in NWFP today

All arrangements have been finalised for the last phase of local government election to be held on October 6 (today). A total of 11,604 elected members of the union councils in NWFP will exercise their right of franchise to elect 24 district, four town, 5
Published 06 Oct, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 06, 2005.

Published 06 Oct, 2005 12:00am
Rs 79.48 million plan approved for clean coal technologies

Rs 79.48 million plan approved for clean coal technologies

The Ministry of Science and Technology (MoST) has approved a project worth rupees 79.48 million to establish facilities for coal cleaning, coal gasification and coal combustion at the National Fuel Center (NFC) of Institute of Engineering and Technologica
Published 06 Oct, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 06, 2005.

Published 06 Oct, 2005 12:00am
EU delegation to visit Kashmir

EU delegation to visit Kashmir

A delegation of the European Union (EU) will visit Jammu and Kashmir for the four days to get first hand information about the situation there and will have meetings with political leaders and state government officials.
Published 06 Oct, 2005 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
EC code of conduct to be ensured

EC code of conduct to be ensured

NWFP IG Muhammad Raffat Pasha has directed police high-ups to implement Election Commission Code of Conduct in its true essence during third phase of local bodies' elections and depute high ranking police officers as Incharge at all polling stations.
Published 06 Oct, 2005 12:00am
Water availability for Kharif season reviewed

Water availability for Kharif season reviewed

The Advisory Committee of the Indus River System Authority (Irsa) on Wednesday reviewed water availability for Kharif 2005 and expressed satisfaction on the reservoirs position and distribution of water. The meeting was held to finalise Rabi 2005-06 (Octo
Published 06 Oct, 2005 12:00am
Shaukat for running ports on professional lines

Shaukat for running ports on professional lines

Prime Minister Shaukat Aziz on Wednesday said the Karachi Port Trust (KPT) was an important organ of country's logistics chain and the government would take all-out measures to make it modern and efficient.
Published 06 Oct, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
12 DCITs posted as senior law officers

12 DCITs posted as senior law officers

The Central Board of Revenue (CBR) has transferred and posted 12 Deputy Commissioners of Income Tax (DCITs) as senior law officers at the Regional Tax Offices (RTOs) in all major cities of the country.
Published 06 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
Reopening of case against Nusrat Bhutto condemned

Reopening of case against Nusrat Bhutto condemned

The Pakistan Peoples Party has strongly condemned the re-opening of a dead reference against the former first lady, Begum Nusrat Bhutto, and termed it as the worst kind of persecution by sick minds that are ruling the country today.
Published 06 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 05, 2005).

Published 06 Oct, 2005 12:00am
Senior citizens urge government to save F-9 park

Senior citizens urge government to save F-9 park

The Islamabad Senior Citizens' Committee (ISCC) has appealed to the President and Prime Minister to save F-9 Fatima Jinnah Park from converting into a food street. The ISCC termed allocation of 6000 sq. yards of park land to a fast food chain as a severe
Published 06 Oct, 2005 12:00am
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