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Sep 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-22
New York cotton futures close higher

New York cotton futures close higher

Cotton futures settled higher Friday on combined trade and speculative buying in a modest recovery from the recent downturn, with market players saying fiber contracts will look for leads next week.
Published 22 Oct, 2005 12:00am
London sugar ends firmer

London sugar ends firmer

London white sugar futures closed firmer in light volumes on Friday, but traders said the market was stuck in a range and physical business was scarce. Front month December settled up $3.60 at $301.50 per tonne in volume of 914 lots, having moved from $30
Published 22 Oct, 2005 12:00am
Copper pares losses

Copper pares losses

London Metal Exchange (LME) copper prices pared losses in the final floor trading session on Friday, but still ended sharply down from the day before as the market caved in under technical and fund selling, dealers said.
Published 22 Oct, 2005 12:00am
Gold edges higher in Europe

Gold edges higher in Europe

Gold edged up in Europe on Friday, supported by good physical demand and weakness in the US currency, but softer crude oil prices could prompt some players to exit the market, dealers said.
Published 22 Oct, 2005 12:00am
US MIDDAY: coffee falls by funds liquidating

US MIDDAY: coffee falls by funds liquidating

US nearby coffee futures fell 2 percent Friday, depressed by funds liquidating long positions and speculators banking profits ahead of the weekend following a week of lofty gains, traders said.
Published 22 Oct, 2005 12:00am
US MIDDAY: cocoa mixed on grind data

US MIDDAY: cocoa mixed on grind data

US cocoa futures closed narrowly mixed Friday after cocoa grind data for the third quarter showed a smaller-than-expected rise from the same period in 2004.
Published 22 Oct, 2005 12:00am
US MIDDAY: sugar higher on speculative short-covering

US MIDDAY: sugar higher on speculative short-covering

Raw sugar prices closed Friday near session highs due to late speculative short-covering, although the sweetener is still mired in a band and would need fresh leads next week, brokers said.
Published 22 Oct, 2005 12:00am
US MIDDAY: corn declines on spillover selling

US MIDDAY: corn declines on spillover selling

Corn futures at the Chicago Board of Trade were lower early on Friday on spillover selling by speculators after a steep slide in soy, traders said.
Published 22 Oct, 2005 12:00am
US MIDDAY: wheat lower in rangebound trade

US MIDDAY: wheat lower in rangebound trade

Wheat futures on the Chicago Board of Trade were lower in rangebound trade early on Friday, after Thursday's higher technical close, traders said. As of 10:55 am CDT (1555 GMT), CBOT December was down 3 cents at $3.29-1/4 per bushel. Deferred months were
Published 22 Oct, 2005 12:00am
US MIDDAY: copper slides on fund-led liquidation

US MIDDAY: copper slides on fund-led liquidation

US copper futures were sold heavily in a bout of fund-led long liquidation early Friday, after a slide in crude oil prices undermined holdings in several commodity markets, traders said. "The funds are liquidating long positions right now," said one floor
Published 22 Oct, 2005 12:00am
US MIDDAY: soyabeans tumble on USDA's crop report

US MIDDAY: soyabeans tumble on USDA's crop report

Soyabean futures at the Chicago Board of Trade tumbled early on Friday in a technical breakdown, with November slipping below $5.76-1/2 support and filling a chart gap left open following last week's rally after USDA's crop report, traders said.
Published 22 Oct, 2005 12:00am
US MIDDAY: gold rises by consumers buying

US MIDDAY: gold rises by consumers buying

Gold rose in early New York futures trade early on Friday, as cheaper bullion prices and a soft dollar motivated buying by consumers and bullish investors looking for an eventual test of $500 an ounce.
Published 22 Oct, 2005 12:00am
Relief goods break up dispatched to quake-hit areas

Relief goods break up dispatched to quake-hit areas

All the districts of Sindh made significant contributions in dispatching huge quantity of relief goods including flour, rice, ghee, sugar, tea, pulses, blankets, warm clothing and tents for the victims of earthquake-affected areas of Azad Kashmir, NWFP an
Published 22 Oct, 2005 12:00am
Musharraf's initiative welcomed

Musharraf's initiative welcomed

The Executive Director, Justice Foundation Kashmir Centre London, Professor Nazir Shawl has welcomed the bold humanitarian initiative announced by Pakistan President General Pervez Musharraf in Muzaffarabad and Azad Kashmir.
Published 22 Oct, 2005 12:00am
Over 76 uplift projects approved

Over 76 uplift projects approved

More than 76 development projects of the Tameer-e-Punjab programme worth Rs 27 million were approved in a Provincial Steering Committee meeting presided over by the Punjab Law and Local Governments Minister Muhammad Basharat Raja.
Published 22 Oct, 2005 12:00am
1100 trucks of tents, blankets sent to affected areas

1100 trucks of tents, blankets sent to affected areas

As many as 1100 trucks of tents, blankets and quilts, dry rations and other necessities have so far been sent to the affected areas from the three districts of former Faisalabad division, ie Faisalabad, Jhang and Toba Tek Singh districts so far.
Published 22 Oct, 2005 12:00am
Bridge over Malir river

Bridge over Malir river

The President Pervez Musharraf's Taamir-e-Karachi Programme will give a new look to sprawling city of Karachi. One of the mega projects of T.K.P. is in progress at a satisfactory pace under W & S Department C.D.G.K; bridge over Malir River connecting Shah
Published 22 Oct, 2005 12:00am
United in quake relief

United in quake relief

The common man of Pakistan has proven that they stand united with their fellow brethren in times of distress. On 8th October, Pakistan's northern areas and Azad Kashmir, were shaken by an earthquake that left in its wake hundreds, of thousands dead, injur
Published 22 Oct, 2005 12:00am
The Weather

The Weather

The weather report on Friday (October 21, 2005) and the forecast for Saturday (October 22, 2005).
Published 22 Oct, 2005 12:00am
Show us more petrodollars, Arabs tell Gulf firms

Show us more petrodollars, Arabs tell Gulf firms

Kuwaiti investors who throng to Mount Lebanon's resort town of Bhamdoun during their holidays can trade their stocks on the Kuwaiti bourse courtesy of a dealing room at the Ambassador Hotel. Nearby, real estate companies help them buy land, houses and ren
Published 22 Oct, 2005 12:00am
New York cotton

New York cotton

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

Published 22 Oct, 2005 12:00am
Insurers go high-tech to track extreme weather

Insurers go high-tech to track extreme weather

Hurricane Wilma, which roared through the Caribbean this week and appeared headed for Florida, is the season's record-tying 21st storm -- and another reason for insurers to revisit weather forecasts.
Published 22 Oct, 2005 12:00am
New York cotton

New York cotton

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

Published 22 Oct, 2005 12:00am
North and South divided by common Korean language

North and South divided by common Korean language

In North Korea, they ask whether you speak "chosun-mal". In South Korea, they want to know whether you can converse in "hanguk-mal". A different name for their ostensibly common language is a measure of how far North and South Koreans have grown apart dur
Published 22 Oct, 2005 12:00am
End of sugarcane crushing controversy

End of sugarcane crushing controversy

It, indeed, is heartening to learn from a Recorder Report that the controversy over the commencement of cane crushing season in Sindh has been resolved, with the millers agreeing to start crushing by November 15.
Published 22 Oct, 2005 12:00am
Health ministry deployed 600 doctors in quake-hit areas

Health ministry deployed 600 doctors in quake-hit areas

Around 600 doctors, besides 64 nurses and 104 paramedics, have been deployed by the ministry of health and WHO in the earthquake-hit areas. They are rendering their services in field hospitals established by the ministry.
Published 22 Oct, 2005 12:00am
Financial Sector Assessment 2004

Financial Sector Assessment 2004

The Financial Sector Assessment report, released by the State Bank on 15th October 2005, contains a comprehensive account of the developments during Calendar Year 2004 (CY04). The financial sector, the report claims, has recorded visible changes not only
Published 22 Oct, 2005 12:00am
Nortel's campus mobility solutions

Nortel's campus mobility solutions

At the EDUCAUSE-2005 conference in Orlando, Nortel announced new customers and deployments of multimedia and campus mobility solutions that enable universities to transform the learning environment.
Published 22 Oct, 2005 12:00am
Hearing adjourned

Hearing adjourned

An accountability court on Friday adjourned to November 12, the proceedings in a reference against former federal minister Jehangir Badr, as his petition is pending with Supreme Court of Pakistan. The accused is facing charges of misusing his powers as fe
Published 22 Oct, 2005 12:00am
Key stock market movements at 1700 GMT on October 21

Key stock market movements at 1700 GMT on October 21

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 22 Oct, 2005 12:00am
18 Pakistani companies exhibit at German food fair

18 Pakistani companies exhibit at German food fair

As many as 18 Pakistani companies successfully exhibited at Anuga 2005 food event, mainly for staple food, frozen food, dairy products, confectionery, dry fruit, held in Cologne, Germany from October 8 to 12, 2005.
Published 22 Oct, 2005 12:00am
TDM Centre team leaves for Singapore

TDM Centre team leaves for Singapore

Led by Chairman executive committee, Tools, Dies and Molds (TDM) Centre, Karachi, Munir K Bana, a seven-member TDM delegation left for Singapore on Friday on the first leg of its visit to South East Asia.
Published 22 Oct, 2005 12:00am
Punjab Assembly passes Societies Registration (Amendment) Bill

Punjab Assembly passes Societies Registration (Amendment) Bill

Punjab Assembly that commenced its 22nd session Friday passed Societies Registration (Amendment) Bill 2005. The opposition raised issue of quorum and made a partial boycott of the assembly proceedings on the occasion.
Published 22 Oct, 2005 12:00am
Faysal Bank posts remarkable growth rate

Faysal Bank posts remarkable growth rate

The Faysal Bank has achieved a remarkable growth rate during the last five years. The bank has expanded branches' network, which marked commendable increase in its business profitability, the Bank sources said.
Published 22 Oct, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 21, 2005).

Published 22 Oct, 2005 12:00am
Faysal Bank posts remarkable growth rate

Faysal Bank posts remarkable growth rate

The Faysal Bank has achieved a remarkable growth rate during the last five years. The bank has expanded branches' network, which marked commendable increase in its business profitability, the Bank sources said.
Published 22 Oct, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (October 21, 2005) and Saturday (October 22, 2005).
Published 22 Oct, 2005 12:00am
Directive to clear refund claims by November 15

Directive to clear refund claims by November 15

Member Sales Tax, Central Board of Revenue (CBR) Shahid Ahmed said all pending claims should be cleared by November 15, this year. He also directed the Sales Tax Collectorates to immediately pay refunds to the exporters and no excuse should be forwarded f
Published 22 Oct, 2005 12:00am
Plea to detach QRC from Reap

Plea to detach QRC from Reap

The small & medium-sized rice exporters have invited the attention of Tariq Ikram, chairman Export Promotion Bureau (EPB) to the urgent need of detaching the Quality Review Committee (QRC) from the Rice Exporters Association of Pakistan (Reap).
Published 22 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 21, 2005).

Published 22 Oct, 2005 12:00am
Illegal wood cutting makes Sindh forests non-productive

Illegal wood cutting makes Sindh forests non-productive

The Mafia under the patronage of feudal politicians moving in power corridors has cut down the productive forests spread over an area of 0.8 million acres to hardly ten per cent through illegal cutting despite ban imposed by the Federal Government on harv
Published 22 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 21, 2005).

Published 22 Oct, 2005 12:00am
Sindh Assembly passes censure motion against Khuhro

Sindh Assembly passes censure motion against Khuhro

Amid disorder the Sindh Assembly on Friday passed a censure motion with simple majority against Leader of the Opposition Nisar Ahmed Khuhro for his uncalled for remarks on the working of the Sindh Assembly that had appeared in last Friday's newspapers. Mu
Published 22 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 21, 2005).

Published 22 Oct, 2005 12:00am
Punjab University forms admission body for AJK students

Punjab University forms admission body for AJK students

Punjab University has established a committee, headed by Professor Dr Dil Muhammad Malik to supervise the admission process for the students of Azad Jammu and Kashmir University to the Punjab University.
Published 22 Oct, 2005 12:00am
Pay and pension payment on November 23

Pay and pension payment on November 23

On account of Eid-ul-Fitr falling on November 4 and Diwali on November 1, the Sindh government has decided that full pay and allowances/pension for October will be paid in advance to all Muslim and Hindu employees/pensioners of provincial government (incl
Published 22 Oct, 2005 12:00am
Maulana Abdul Hameed dies

Maulana Abdul Hameed dies

Prominent religious leader Maulana Abdul Hameed died at Drosh, some 45 km from here on Friday. He was 71. Maulana Abdul Hameed was born in 1934 at Kari village Chitral. He got his education from Wafaqul Madaris and served as Sheikhul Hadith for 35 years.
Published 22 Oct, 2005 12:00am
THE RUPEE: five paisa gain in open market

THE RUPEE: five paisa gain in open market

The rupee gained five paisa in relation to the dollar for buying and selling at 60.00 and 60.05, respectively, in the open market on Friday.
Published 22 Oct, 2005 12:00am
THE RUPEE: five paisa gain in open market

THE RUPEE: five paisa gain in open market

The rupee gained five paisa in relation to the dollar for buying and selling at 60.00 and 60.05, respectively, in the open market on Friday.
Published 22 Oct, 2005 12:00am
Haj flights schedule finalised

Haj flights schedule finalised

Ministry of Religious Affairs has finalised the month long flight schedule of pilgrims who will perform Haj in January 2006 through the arrangements of the private group organisers, official sources told Business Recorder here on Friday.
Published 22 Oct, 2005 12:00am
NWFP Assembly demands lifting of ban on licensed arms

NWFP Assembly demands lifting of ban on licensed arms

The NWFP Assembly on Friday echoed with the demands for lifting ban on carrying licensed weapons as the treasury has assured the demanding members that they would look seriously into matter.
Published 22 Oct, 2005 12:00am
Over 1,300 Pakistanis imprisoned in Oman and UAE

Over 1,300 Pakistanis imprisoned in Oman and UAE

More than 1,300 Pakistan nationals are imprisoned in various jails of Oman and United Arab Emirates. According to documents placed before the National Assembly, 81 Pakistanis are imprisoned in various jails in the Sultanate of Oman.
Published 22 Oct, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

In the National Assembly on Friday it was Qazi vs Qazi: both knew what they were saying. Qazi Hussain Ahmad had just returned from an extensive tour of quake-hit areas where the contribution of his Jamaat-i-Islami in alleviating sufferings of the affected
Published 22 Oct, 2005 12:00am
Agricultural tools industry to be upgraded

Agricultural tools industry to be upgraded

A strategy is being finalised for tracking the agricultural tools manufacturing industry on modern lines and its up-gradation in Punjab.
Published 22 Oct, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (October 21, 2005).

Published 22 Oct, 2005 12:00am
PRSP expenditures stand at Rs 316.2 billion

PRSP expenditures stand at Rs 316.2 billion

The Poverty Reduction Strategy Paper (PRSP) expenditures for FY05 stood at Rs 316.2 billion, which indicate an increase of 21 percent in FY05 over FY04. All provinces and Federal areas have also increased their PRSP expenditures in FY05 as compared to FY0
Published 22 Oct, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 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 22 Oct, 2005 12:00am
Rate lists of truck fares issued

Rate lists of truck fares issued

In order to facilitate the transportation of relief goods to the affected areas by road at standardised rates, the Secretary District Regional Transport Authority Chaudhry Muhammad Iqbal has issued rate lists of truck fares for the convenience of general
Published 22 Oct, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Oct, 2005 12:00am
Rehabilitation of disabled assured

Rehabilitation of disabled assured

Minister of State for Housing and Works, Sardar Muhammad Asif Nakai has said that the government was taking practical steps for the rehabilitation of the disabled persons to make them useful citizens of the society.
Published 22 Oct, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Oct, 2005 12:00am
Minister assures just utilisation of relief goods

Minister assures just utilisation of relief goods

Federal Commerce Minister Humayun Akhtar Khan has assured the business community that government would utilise relief assistance in transparent & judicious manner for rebuilding infrastructure in the quake stricken area, which would take years not months.
Published 22 Oct, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (October 21, 2005).

Published 22 Oct, 2005 12:00am
Maximum help to quake victims assured

Maximum help to quake victims assured

Senate Chairman Mohammedmian Soomro said the government was focusing on relief and rehabilitation of the earthquake victims and would provide maximum possible assistance to the affected people of Azad Kashmir and the NWFP.
Published 22 Oct, 2005 12:00am
Cabinet body to review ongoing relief efforts today

Cabinet body to review ongoing relief efforts today

The 18-member Cabinet Committee on Earthquake, Reconstruction and Rehabilitation will meet under the chairmanship of Prime Minister Shaukat Aziz here on Saturday to review the ongoing relief efforts in quake-stricken areas, official sources told Busine
Published 22 Oct, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Oct, 2005 12:00am
Musharraf and Shaukat condole with Malaysian Prime Minister

Musharraf and Shaukat condole with Malaysian Prime Minister

President Pervez Musharraf and Prime Minister Shaukat Aziz in separate messages to Prime Minister of Malaysia, Dato Seri Abdullah Ahmad Badawi, conveyed their sincere condolences and sympathies on the sad demise of his wife, Datin Seri Endon binti Mahmood
Published 22 Oct, 2005 12:00am
FPCCI team calls on NWFP governor

FPCCI team calls on NWFP governor

A 15-member delegation of industrialists comprising representatives of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) from NWFP called on the Governor Khalil-ur-Rehman at Governor's House here on Friday and requested him to help in resolv
Published 22 Oct, 2005 12:00am
Prime Minister visits Relief Commission's call centre

Prime Minister visits Relief Commission's call centre

Prime Minister Shaukat Aziz on Friday visited the Call Centre of the National Relief Commission here at the PM Secretariat and appreciated the contribution of the volunteers working there to receive calls round the clock.
Published 22 Oct, 2005 12:00am
Naval chief calls on defence minister

Naval chief calls on defence minister

Chief of Naval Staff, Admiral M. Afzal Tahir, on Friday called on Minister for Defence, Rao Sikandar Iqbal and Minister of State for Defence, Zahid Hamid, separately. Admiral M. Afzal Tahir, remained with the ministers for some time and discussed with the
Published 22 Oct, 2005 12:00am
Punjab gives Rs 1 billion aid so far: Pervaiz

Punjab gives Rs 1 billion aid so far: Pervaiz

Punjab Chief Minister Chaudhry Pervaiz Elahi addressing a press conference after arrival from his foreign tour here on Friday said that provincial government had given an aid of Rs one billion for tremor affected since eruption of earthquake 12 days ago.
Published 22 Oct, 2005 12:00am
Pakistan-XI announced

Pakistan-XI announced

Pakistan Cricket Board (PCB) has announced Pakistan-XI to play against England at Rawalpindi from October 31 to November 02, 2005. The players are Misbah-ul-Haq (captain), Asher Zaidi, Yasir Hameed, Bazid Khan, Asim Kamal, Faisal Iqbal, Imran Tahir, Yasir
Published 22 Oct, 2005 12:00am
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