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Mar 19, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-15
Will South African platinum output climb on price jumps?

Will South African platinum output climb on price jumps?

Platinum output in dominant producer South Africa is due to rise next year as delayed expansions kick in, but analysts are divided on whether record-setting prices will quickly fuel even more supply.
Published 15 Oct, 2005 12:00am
US official stresses increased trade ties

US official stresses increased trade ties

There is a need for taking more sector-specific and product-specific steps for promotion of bilateral Pak-US trade, and the Chambers of two countries in patronage of US government could be instrumental in raising the level of transfer of technology to Pak
Published 15 Oct, 2005 12:00am
Judges terminated

Judges terminated

The administrative committee of the Lahore High Court (LHC) has terminated two additional districts and sessions judges Muhammad Sarwar of Rajanpur and Muhammad Jamshed Iqbal of Mian Channu, and also issued final show cause notice for removal from service
Published 15 Oct, 2005 12:00am
Punjab legislators donate one-month salary

Punjab legislators donate one-month salary

Punjab Assembly that commenced its revised 22nd session on Friday passed a unanimous resolution showing grief on loss of life and property of citizens affected severely by recent earthquake in the country.
Published 15 Oct, 2005 12:00am
Punjab administration officers off to AJK

Punjab administration officers off to AJK

The provincial government on the instructions of Punjab Chief Minister Chaudhry Pervaiz Elahi has sent a team of 65 officers to Azad Kashmir. The team of officers led by two senior officers would help in re-establish administrative set-up in the area.
Published 15 Oct, 2005 12:00am
ITU provides 55 satellite phones for disaster zone

ITU provides 55 satellite phones for disaster zone

Minister for Information Technology Awais Ahmad Khan Leghari on Friday lauded the help coming in from world agencies, particularly International Telecommunication Union (ITU) to restore and re-install telecommunication links in earthquake hit areas.
Published 15 Oct, 2005 12:00am
LHC seeks report on Sarbajeet Singh

LHC seeks report on Sarbajeet Singh

The Lahore High Court (LHC) has directed Secretary, Home Department, to submit a report by October 18 in a petition filed by counsel of an Indian national Sarbajeet Singh, who was awarded death penalty.
Published 15 Oct, 2005 12:00am
'AJK quake toll may reach 60,000'

'AJK quake toll may reach 60,000'

President Azad Jammu and Kashmir Muslim Conference Sardar Ateeq Ahmed has said that earthquake death toll may exceed 60,000 in the state. In an interview to Voice of America, he said more than 10,000 corpses were still buried under the rubble in the affec
Published 15 Oct, 2005 12:00am
Bonded warehouses to be computerised

Bonded warehouses to be computerised

The Central Board of Revenue (CBR) has decided that computerisation of bonded warehouses would be done through Customs Administrative Reforms Project (CARE) to update information on the stored goods.
Published 15 Oct, 2005 12:00am
NWFP earmarks Rs 80 million to set up 16 tented villages

NWFP earmarks Rs 80 million to set up 16 tented villages

The NWFP government, as short-term measures of rehabilitation, has planned to set up tented relief villages at 16 worst affected areas in five earthquake-hit districts comprising 500-700 tents in each village at the cost of Rs 80 million in the province.
Published 15 Oct, 2005 12:00am
Chinese Association of Friendship donates $10,000

Chinese Association of Friendship donates $10,000

Chinese Peoples Association for Friendship with Foreign Countries has presented a cheque for 10,000 dollars for the President's Relief Fund for Earthquake Victims.
Published 15 Oct, 2005 12:00am
China pledges more relief

China pledges more relief

China would dispatch more relief material to Pakistan this week as emergency aid to the earthquake victims, said a Chiness Foreign Ministry spokesman, Kong Quan.
Published 15 Oct, 2005 12:00am
SCO members to help quake victims

SCO members to help quake victims

Member countries of Shanghai Co-operation Organisation (SCO) will actively take part in relief and reconstruction work in the quake- affected areas of Pakistan.
Published 15 Oct, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Oct, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

As the epic proportions of October 8 earthquake unfold it becomes evident that quite a few institutions had failed in coping with the aftermath of this tragedy. But the failure that paralysed the National Assembly of Pakistan, the so-called ultimate repos
Published 15 Oct, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
Japan announces $20 million

Japan announces $20 million

Japan has announced $20 million for quake-victims in Pakistan. Japan's Senior Vice Minister for Foreign Affairs Shuzen Tanigawa and Japan ambassador to Pakistan Tanake called on Interior Minister Aftab Ahmad Khan Sherpao in his office Friday.
Published 15 Oct, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Oct, 2005 12:00am
US magic show for textile exporters next month

US magic show for textile exporters next month

The Magic Show's Representative, David is to visit Pakistan in November to apprise the Pakistani exporters of vast opportunities for doing business win the United States textile importers. The visit sponsored by the Export Promotion Bureau (EPB) was origi
Published 15 Oct, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Oct, 2005 12:00am
R&D rebate: simplified procedure from October 20

R&D rebate: simplified procedure from October 20

The Customs Collectorate (Export) has simplified the procedure of issuance of Annexture -111 form to eliminate delay in getting research and development (R&D) rebate by the garment exporters, which will be effective from October 20.
Published 15 Oct, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 15 Oct, 2005 12:00am
R&D rebate: simplified procedure from October 20

R&D rebate: simplified procedure from October 20

The Customs Collectorate (Export) has simplified the procedure of issuance of Annexture -111 form to eliminate delay in getting research and development (R&D) rebate by the garment exporters, which will be effective from October 20.
Published 15 Oct, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Oct, 2005 12:00am
Our ugly side!

Our ugly side!

The vast magnitude of human tragedy in the form of the earthquakes has moved not only the Pakistanis but the entire world has felt the pain. Pakistanis have moved fast with compassion and donated generously to ease the pain of their compatriots.
Published 15 Oct, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
Khuhro terms Sindh government aid insufficient

Khuhro terms Sindh government aid insufficient

The leader of opposition in Sindh Assembly, Nisar Ahmed Khuhro, on Friday termed Rs 30 million aid announced by Sindh government for the relief of earthquake victims as insufficient and demanded that an aid package of Rs 1 billion should be announced by t
Published 15 Oct, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 15 Oct, 2005 12:00am
SMEs advised to study setting up of prefabricated houses

SMEs advised to study setting up of prefabricated houses

The Union of Small and Medium Enterprises (Unisame) in a meeting on Friday resolved to rebuild Pakistan and swore dedication and devotion to organised programmes for the envisaged plans diligently.
Published 15 Oct, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
Sugar and ata shortage at utility stores spurned

Sugar and ata shortage at utility stores spurned

There are sufficient stocks of sugar and wheat flour (ata) at utility stores to meet the local demand and there is no need to panic, head of the Utility Stores in Karachi Masood Niazi told Business Recorder here on Friday.
Published 15 Oct, 2005 12:00am
New Hyderabad LG representatives to take oath on October 17

New Hyderabad LG representatives to take oath on October 17

The oath-taking ceremony of elected district, taluka and union councils nazims as well as councillors of zila, taluka and union councils of Hyderabad City, Latifabad, Qasimabad and rural talukas of Hyderabad district will be held on October 17.
Published 15 Oct, 2005 12:00am
Sindh Assembly expresses grief over quake losses

Sindh Assembly expresses grief over quake losses

Sindh Provincial Assembly on Friday in a resolution expressed deep sorrow and grief over the colossal loss of precious lives and property caused by the earthquake in northern parts of the country and Azad Jammu & Kashmir.
Published 15 Oct, 2005 12:00am
THE RUPEE: firmness prevails in interbank market

THE RUPEE: firmness prevails in interbank market

The rupee moved slightly against the dollar in the interbank market on Friday for buying and selling at 59.72 and 59.74, respectively. The dollar supply is matching with demand and this factor is helping the rupee to retain its firmness despite the increa
Published 15 Oct, 2005 12:00am
PIA sets up CSR committee

PIA sets up CSR committee

Conscious of its social responsibilities, a Corporate Social Responsibility (CSR) Committee has been set up by the Pakistan International Airlines Chairman and Chief Executive Officer, Tariq Kirmani, in the organisation.
Published 15 Oct, 2005 12:00am
THE RUPEE: firmness prevails in interbank market

THE RUPEE: firmness prevails in interbank market

The rupee moved slightly against the dollar in the interbank market on Friday for buying and selling at 59.72 and 59.74, respectively. The dollar supply is matching with demand and this factor is helping the rupee to retain its firmness despite the increa
Published 15 Oct, 2005 12:00am
Grappling with the aftermath

Grappling with the aftermath

In his address to the nation on Wednesday evening, President General Pervez Musharraf tried to explain why there was 'some delay' in bringing help to the quake victims. He also apologised to the victims - for many of whom, help never arrived - of the wors
Published 15 Oct, 2005 12:00am
Timely PMA initiative

Timely PMA initiative

According to a news report, the Pakistan Medical Association, Karachi, has urged the pharmaceutical companies, doctors, paramedical personnel, and general public to donate required medicines as early as possible for people in quake-hit areas.
Published 15 Oct, 2005 12:00am
Zakat to eradicate poverty-II

Zakat to eradicate poverty-II

Investment: The investment made in the purchase of shares or securities for the purpose of resale is also Zakatable assets. The mode of levy thereon will depend upon the intention of investment made therein.
Published 15 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
Islamic NGOs under scrutiny amid al Qaeda fears

Islamic NGOs under scrutiny amid al Qaeda fears

Africa's Islamic charities are booming but their success is also stoking suspicions - are they genuinely trying to help the destitute or are they preachers of religious fundamentalism using aid operations as a front?
Published 15 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
A test for our rulers

A test for our rulers

The national calamity, which struck Pakistan on the morning of 3rd Ramazan, is an eye opener and I appreciate the statement of President General Musharraf that it is the nation's hour of test, alongwith his and other colleagues in authority.
Published 15 Oct, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
The day after

The day after

Nature unleashed a severe jolt on the morning of 3rd Ramazan, that exposed the incompetence and tall claims of our establishment, which prides itself for its command and control structure. It took more than 24 hours to realise the gravity of the disaster,
Published 15 Oct, 2005 12:00am
In this poor country!

In this poor country!

Latest report of the World Bank has named the ten rich countries as Switzerland, Denmark, Sweden, USA, Germany, Japan, Austria, Norway, France and Belgium, in the same order. The above ranking has been done on the basis of GDP per capita, and, obviously,
Published 15 Oct, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (October 14, 2005) and Saturday (October 15, 2005).
Published 15 Oct, 2005 12:00am
Electricity restored in Balakot

Electricity restored in Balakot

Power supply has been restored in Balakot whereas it would shortly be restored in other areas of the badly Hazara division.
Published 15 Oct, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 14, 2005).

Published 15 Oct, 2005 12:00am
Four years course in media science being introduced

Four years course in media science being introduced

The Federal Urdu University of Arts, Science and Technology (FUUAST) is introducing a four-year BS course in media science. FUUST Vice Chancellor Dr Iqbal Mohsin announced this while chairing a meeting of the Faculty Board of the University's Faculty of A
Published 15 Oct, 2005 12:00am
Pakistan needs help, not gratuitous criticism: Akram

Pakistan needs help, not gratuitous criticism: Akram

Calling the situation in quake-hit areas desperate, Pakistani Ambassador in the United Nations Munir Akram has said Pakistan needs help in dealing with the disaster, not "gratuitous criticism".
Published 15 Oct, 2005 12:00am
US MIDDAY: gold falls on speculator selling

US MIDDAY: gold falls on speculator selling

Gold in New York tumbled 1 percent early on Friday, hit by fund and speculator selling, with traders liquidating holdings as oil fell and fears grew over trouble at commodities brokerage Refco LLC, dealers said.
Published 15 Oct, 2005 12:00am
US MIDDAY: copper falls on weak economic data

US MIDDAY: copper falls on weak economic data

US copper futures fell at the open on Friday but managed to climb off their early session lows as the market looked to consolidate after its recent rally, dealers said.
Published 15 Oct, 2005 12:00am
Key stock market movements at 1700 GMT on October 14

Key stock market movements at 1700 GMT on October 14

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 15 Oct, 2005 12:00am
US MIDDAY: wheat sharply down on fund selling

US MIDDAY: wheat sharply down on fund selling

Wheat futures at the Chicago Board of Trade were sharply lower at midday on Friday on fund selling, traders said. Disappointing weekly export data weighed on the market, along with recently improved crop weather in the US Plains hard red winter wheat belt
Published 15 Oct, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Oct, 2005 12:00am
US MIDDAY: corn weaker on active harvesting

US MIDDAY: corn weaker on active harvesting

Corn futures at the Chicago Board of Trade were lower early Friday on active harvesting of a big US corn crop, traders said. At 10:44 am CDT (1544 GMT), CBOT corn was down 1/2 to 1-1/2 cents per bushel. December was down 1-1/4 at $2.02-1/4 per bushel.
Published 15 Oct, 2005 12:00am
New York cotton

New York cotton

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

Published 15 Oct, 2005 12:00am
The Weather

The Weather

The weather report on Friday (October 14, 2005) and the forecast for Saturday (October 15, 2005).
Published 15 Oct, 2005 12:00am
US MIDDAY: cocoa climbs by speculative, industry buying

US MIDDAY: cocoa climbs by speculative, industry buying

US cocoa futures prices closed at a two-week high Friday, buoyed by speculative and industry buying amid a cocktail of events ranging from a weak dollar to market speculation about a troubled brokerage unwinding its positions, traders said.
Published 15 Oct, 2005 12:00am
Gold dips in Europe

Gold dips in Europe

Gold fell nearly 1 percent in Europe on Friday along with a drop in crude oil prices and amid selling by investment funds, but dealers said the market was capable of recovering. Gold's price was expected to consolidate in the coming trading sessions, befo
Published 15 Oct, 2005 12:00am
Nervous metals mixed

Nervous metals mixed

Base metals ended mixed on the London Metal Exchange (LME) on Friday after a jumpy session where concerns over troubled US brokerage Refco Inc mounted, traders said.
Published 15 Oct, 2005 12:00am
London sugar ends down

London sugar ends down

London white sugar futures closed lower on speculative selling on Friday, as the market kept an eye on Refco Inc, noting talk recent crosses suggested some operators had withdrawn positions from the troubled broker.
Published 15 Oct, 2005 12:00am
New York cotton settles firmer

New York cotton settles firmer

Cotton futures banked on a late flurry of speculative fund buying to finish higher Friday, but several analysts said the surge is zapping sales and a pullback is needed in the market.
Published 15 Oct, 2005 12:00am
Berlusconi blasts sugar plans

Berlusconi blasts sugar plans

Prime Minister Silvio Berlusconi said on Friday Italy was firmly opposed to a radical EU plan to overhaul EU sugar policy, saying the proposals were drawn up with French and German interests in mind.
Published 15 Oct, 2005 12:00am
Weaker US demand tugs crude downward

Weaker US demand tugs crude downward

Oil slipped further on Friday as high fuel costs pushed US inflation to its biggest rise in more than 25 years and energy demand continued to slow in the world's biggest consumer.
Published 15 Oct, 2005 12:00am
EU must improve offer on farm market access: US

EU must improve offer on farm market access: US

US Trade Representative Rob Portman said on Friday the European Union must improve its offer on access to agricultural markets if World Trade Organisation talks are to make headway.
Published 15 Oct, 2005 12:00am
Italy passes decree to cut 2005 budget deficit

Italy passes decree to cut 2005 budget deficit

Italy's cabinet on Friday adopted a package of measures worth 1.9 billion euros ($2.3 billion) to hold this year's budget deficit within the targeted 4.3 percent of GDP, Economy Minister Giulio Tremonti said.
Published 15 Oct, 2005 12:00am
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