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Print - 2005-11-03
Oil touches three-month low as US stockpiles swell

Oil touches three-month low as US stockpiles swell

Oil prices briefly sank below $59 a barrel on Wednesday for the first time since late July, after US data showed crude supplies rose and warm weather sapped demand for winter fuels.
Published 03 Nov, 2005 12:00am
US challenges Turkey's rice import ban

US challenges Turkey's rice import ban

The Bush administration filed a complaint with the World Trade Organisation about Turkey's restrictions on imports of American rice, the US Trade Representative said on Wednesday.
Published 03 Nov, 2005 12:00am
USTR heads to Africa for cotton talks

USTR heads to Africa for cotton talks

Top US trade officials will travel to Africa next week, according to industry and diplomatic sources, for meetings likely to center on demands by some of the world's poorest cotton producers that Washington scrap big subsidies for US farmers.
Published 03 Nov, 2005 12:00am
New York cotton futures close firmer

New York cotton futures close firmer

Cotton futures ended firmer Wednesday on late speculative buying and fiber contracts may well stay in a band given the dearth of fresh leads at the moment, brokers said.
Published 03 Nov, 2005 12:00am
London sugar higher

London sugar higher

London white sugar futures closed higher on trade and speculative buying on Wednesday on a stronger New York raws market, traders said. Front-month December settled up $4.40 or 1.6 percent at $283.40 per tonne in hefty volume of 3,345 lots, having moved f
Published 03 Nov, 2005 12:00am
Copper and aluminium firm

Copper and aluminium firm

London Metal Exchange (LME) prices ended higher on Wednesday on light buying after uneventful options expires, with copper, aluminium and zinc leading the way, analysts and dealers said. "The market is ticking over. Copper, aluminium and zinc are higher b
Published 03 Nov, 2005 12:00am
Gold firms in Europe after sell-off

Gold firms in Europe after sell-off

Gold prices bounced on Wednesday in Europe, paring heavy losses from the start of the week, with currencies seen guiding the market in the short term. The precious metal fell to its lowest in five weeks at $457.50 a troy ounce on Tuesday, pressured by spe
Published 03 Nov, 2005 12:00am
US MIDDAY: coffee jumps by speculators buying

US MIDDAY: coffee jumps by speculators buying

US coffee futures jumped 4 percent Wednesday, buoyed in large part by speculators buying back their short positions from a recent three-week low and lingering worries about supply tightness, sources said.
Published 03 Nov, 2005 12:00am
US MIDDAY: cocoa firmer on harvest export

US MIDDAY: cocoa firmer on harvest export

US cocoa futures settled a touch higher Wednesday in a quiet session, with market players continuing to switch positions ahead of the front-month delivery's first notice day in two weeks, traders said.
Published 03 Nov, 2005 12:00am
US MIDDAY: sugar modestly higher on speculative buying

US MIDDAY: sugar modestly higher on speculative buying

Raw sugar prices rebounded from a fall to a five-week low by banking on speculative buying to end firmer Wednesday and the sweetener may consolidate around its current level over the coming sessions, brokers said.
Published 03 Nov, 2005 12:00am
US MIDDAY: corn weaker on crop forecast

US MIDDAY: corn weaker on crop forecast

Corn futures at the Chicago Board of Trade were mostly weak early on Wednesday amid a private forecast for a big US corn crop this year, traders said.
Published 03 Nov, 2005 12:00am
US MIDDAY: wheat eases on weather conditions

US MIDDAY: wheat eases on weather conditions

Soft red winter wheat futures at the Chicago Board of Trade were lower early on Wednesday amid a sag in corn and soy and overall good crop weather in the US winter wheat belt, traders said.
Published 03 Nov, 2005 12:00am
US MIDDAY: copper gains on market volatility

US MIDDAY: copper gains on market volatility

US copper futures opened with modest gains Wednesday on the heels of a slightly firmer London market as expectations of market volatility following expires of November traded options failed to materialise as some had forecast and held prices in a narrow m
Published 03 Nov, 2005 12:00am
US MIDDAY: soyabeans slip on technical rebound

US MIDDAY: soyabeans slip on technical rebound

Chicago Board of Trade soyabean futures slipped about 3 to 5 cents early Wednesday then recovered a bit after soyameal turned higher in a technical rebound, traders said.
Published 03 Nov, 2005 12:00am
US MIDDAY: gold snaps back on heavy fund selling

US MIDDAY: gold snaps back on heavy fund selling

Gold in New York bounced from a six-week low on Wednesday, as metals and currency traders took a cue from a firmer euro against the dollar and after two days of heavy fund selling in gold dried up, dealers said.
Published 03 Nov, 2005 12:00am
Dnata handled efficiently relief cargo at Dubai Airport

Dnata handled efficiently relief cargo at Dubai Airport

Dnata Cargo, the cargo-handling operator at Dubai Airport, is doing its bit to assist relief flights to Pakistan. According to a press release issued here on Wednesday, in the last two weeks Dnata has put extra hands on deck to facilitate the increased ac
Published 03 Nov, 2005 12:00am
Customs export stations to remain open till 7 pm today

Customs export stations to remain open till 7 pm today

All customs export stations especially at Port Qasim will remain open till 7 pm on Thursday November 3 for examination. The arrangements have been made by the Collector Export, Nisar Mohammad on a request made by the Central Chairman of Pakistan Readymade
Published 03 Nov, 2005 12:00am
Alfalah GHP value fund launched

Alfalah GHP value fund launched

Alfalah GHP Value Fund conducted its IPO on the 28th and 29th October 2005 following the printing of its abridged prospectus on 20 October 2005.
Published 03 Nov, 2005 12:00am
Alfalah GHP value fund launched

Alfalah GHP value fund launched

Alfalah GHP Value Fund conducted its IPO on the 28th and 29th October 2005 following the printing of its abridged prospectus on 20 October 2005.
Published 03 Nov, 2005 12:00am
CDGK to construct Southern Bypass: Karachi Nazim

CDGK to construct Southern Bypass: Karachi Nazim

City Nazim Syed Mustafa Kamal has said that City District Government Karachi (CDGK) would construct Southern Bypass to connect National Highway with the city, adding planning in this regard had been initiated. He was presiding over an advisory meeting of
Published 03 Nov, 2005 12:00am
KWSB complaint centres to open on Eid

KWSB complaint centres to open on Eid

The Karachi Water and Sewerage Board (KW&SB) on Wednesday said that its all complaint centers would be fully functioning during the Eid holidays to facilitate the citizens.
Published 03 Nov, 2005 12:00am
Converting jails into reform centres stressed

Converting jails into reform centres stressed

Hyderabad Zila Nazim Kanwar Naveed has emphasised for converting prisons into reforming and rehabilitation centres so that inmates after their release could lead a life as responsible members of society.
Published 03 Nov, 2005 12:00am
PPP questions tribunal for computing net hydel profits

PPP questions tribunal for computing net hydel profits

Secretary Information Pakistan Peoples Party and ex-member National Finance Commission, Taj Haider, commenting on the appointment of a tribunal on the question of computing hydel-profits for NWFP has said that it was yet another ploy of the Federal Govern
Published 03 Nov, 2005 12:00am
ISE elects 5 directors

ISE elects 5 directors

Islamabad Stock Exchange (ISE) has elected five directors in the sixteenth annual general meeting of the exchange for the year 2005-2006.
Published 03 Nov, 2005 12:00am
NLC gives certificates to LVDs

NLC gives certificates to LVDs

The National Logistic Corporation (NLC) has passed out Long Vehicle Drivers (LVDs) of civilian driver's course. This was a four-month driving course of long vehicle in which drivers were given training for handling the long vehicles being used by NLC for
Published 03 Nov, 2005 12:00am
More catastrophic than tsunami

More catastrophic than tsunami

The catastrophe of 8th October 2005 which struck the northern Pakistan and Azad Kashmir has made 4.0 million people homeless and the extent of destruction of houses and communities is far more than tsunami as stated by WHO.
Published 03 Nov, 2005 12:00am
Cultural heritage or human life

Cultural heritage or human life

The Sindh Cultural Heritage Act 1994 awarded the status of protected heritage to hundreds of buildings in Karachi, banning any construction, demolition, renovation of these sites by their respective owners.
Published 03 Nov, 2005 12:00am
Karachi Electric - Poised for Progress through Performance

Karachi Electric - Poised for Progress through Performance

Among it's varied segregate entities, the Automotive Division is the one of the corner stones of Aljomaih's activity, turnover and growth. Aljomaih is the largest General Motors dealer in the Middle East and is also considered the largest dealer in the wo
Published 03 Nov, 2005 12:00am
Iraq oil industry bogged down in cycle of violence

Iraq oil industry bogged down in cycle of violence

It has become a routine. Iraqi insurgents blow up one of the North Oil Company's facilities out in the scrubland. Engineers go and patch it up. The guerrillas fire on them and they beat a retreat.
Published 03 Nov, 2005 12:00am
Coping with crises in rural NWFP

Coping with crises in rural NWFP

Vulnerability is not an empty term for the people of NWFP. The province has a recent history of vulnerability to natural disasters. Winter rains, snow, and floods in summer brought destruction of settlements, crops, and livelihood. According to the provin
Published 03 Nov, 2005 12:00am
Onward with alternative energy

Onward with alternative energy

The allegation of the Private Power Infrastructure Board (PPIB) regarding the government's priority to the Alternative Energy Development Board in the allocation of financial resources, appears to be based on certain misconceptions. PPIB's contention is t
Published 03 Nov, 2005 12:00am
The time to act is now

The time to act is now

The UN has made a desperate appeal for help to save lives in the quake-hit areas of Pakistan, saying it would be forced to scale down its relief operations if it does not receive more cash urgently from the donor countries. A UN official told a news confe
Published 03 Nov, 2005 12:00am
HEC selects seven for studying abroad

HEC selects seven for studying abroad

The Higher Education Commission (HEC) has selected seven students to do MA/MSC leading PhD in economics and finance abroad. The students have been advised to secure admission in universities preferably in a broad field of study, which included applied eco
Published 03 Nov, 2005 12:00am
Proposed shifting of district courts opposed

Proposed shifting of district courts opposed

The District Bar Association Jhang has rejected the proposed shifting of Jhang District Courts from its present site to a place some 15km from the city on Chiniot Road.
Published 03 Nov, 2005 12:00am
PPPP suggests accommodating quake-hit people in educational institutions

PPPP suggests accommodating quake-hit people in educational institutions

PPPP has asked whether Nato forces would stay in Pakistan for 90 days like General Zia-ul-Haq's 90 days and other military adventurists and said that when Nato forces can be allowed to serve for the rehabilitation of quake-hit people and reconstruction of
Published 03 Nov, 2005 12:00am
Canola target fixed at 129,000 hectares

Canola target fixed at 129,000 hectares

A target for canola output was fixed at 129,000 hectares in the recent meeting of Pakistan Oilseed Development Board (POBD) for 2005-06 as part of canola cultivation campaign. Sources divulged on Wednesday that the target fixed was 14.3 percent above last
Published 03 Nov, 2005 12:00am
PCRA hits out at doctors for 'counter' sale of drugs

PCRA hits out at doctors for 'counter' sale of drugs

Pakistan Chemists Retailers Association (PCRA) has condemned doctors, running their clinics and hospitals across the country for 'counter' sale of drugs to outside patients at their private commercial medical stores established without acquiring drugs sal
Published 03 Nov, 2005 12:00am
Minister for regular paid teachers, doctors in tentage villages

Minister for regular paid teachers, doctors in tentage villages

The NWFP Minister for Local Government and Rural Development Sardar Muhammad Idrees has directed the district administration of Abbottabad to arrange regular paid teachers and doctors at the tentage village established by the NWFP government at Banda Sahi
Published 03 Nov, 2005 12:00am
'Learner Event' organised

'Learner Event' organised

EO Pakistan has arranged 'Learner Event' with an entrepreneurial speaker Allon Raiz in Lahore. Allon Raiz, from South Africa, toured Dubai and India on his way to Pakistan and found it to be exciting and entertaining to be here, said a press release here
Published 03 Nov, 2005 12:00am
Army completes evacuation of seriously injured

Army completes evacuation of seriously injured

Pakistan Army has evacuated all serious injured from all the areas of NWFP struck by the earthquake, said an ISPR press release issued here on Wednesday.
Published 03 Nov, 2005 12:00am
Government officials to enjoy seven-day holidays

Government officials to enjoy seven-day holidays

The government officials will enjoy seven-day holidays on Eid festival, as most of the employees residing in different parts of the country have obtained two-day leave in advance for November 7 and 8.
Published 03 Nov, 2005 12:00am
SCBA election results on November 8

SCBA election results on November 8

Secretary Supreme Court Bar Association (SCBA) has said that results of SCBA elections would be officially announced on November 08. Talking to newsmen here Wednesday, he said that official counting of votes would be held in the main office of the SCBA at
Published 03 Nov, 2005 12:00am
LHC dismisses petition

LHC dismisses petition

The Lahore High Court (LHC) has dismissed a petition against a Tehsil Nazim Feroz Khan Joya of Piplan district Mianwali, as the petitioner failed to prove his case.
Published 03 Nov, 2005 12:00am
Call to promote export of processed goods

Call to promote export of processed goods

Lahore Chambers of Commerce and Industry (LCCI) President, Mian Shafqat Ali has said that instead of limiting exports to indigenous raw materials and goods manufactured from them, Pakistani exporters should import raw material and semi-processed goods to
Published 03 Nov, 2005 12:00am
BDS results announced

BDS results announced

University of Health Sciences (UHS) Lahore has declared the results of 3rd professional BDS Annual Examination, 2005 of de'Montmorency Institute of Dental Sciences Lahore, Nishtar Medical College, Multan, Lahore Medical and Dental College, Lahore and FMH
Published 03 Nov, 2005 12:00am
TDM delegation back home

TDM delegation back home

A delegation comprising the executive committee members of Tools, Dies and Molds (TDM) Center, Karachi project has returned home after visiting Singapore, Malaysia, Korea and Thailand.
Published 03 Nov, 2005 12:00am
Eid shopping gains momentum

Eid shopping gains momentum

With Eid-ul-Fitr is round the corner, Eid shopping has gained momentum in the provincial capital, as shoppers thronged the shopping centres, markets and shops on Wednesday.
Published 03 Nov, 2005 12:00am
Delhi blasts not to hinder peace process: Yasin

Delhi blasts not to hinder peace process: Yasin

Jammu Kashmir Liberation Front (JKLF) Chairman Yasin Malik has urged the leadership of India and Pakistan not to let Delhi bomb attacks hinder the peace process between two countries.
Published 03 Nov, 2005 12:00am
Reconstruction drive will lead to economic revival: advisor

Reconstruction drive will lead to economic revival: advisor

Advisor to Prime Minister on Finance and Economic Affairs Dr Salman Shah said the reconstruction drive would lead to revival of economic activities and strengthening of food, agriculture and livestock sectors in the quake-affected areas.
Published 03 Nov, 2005 12:00am
Mukhtaran Mai takes her case to US Congress

Mukhtaran Mai takes her case to US Congress

An illiterate Pakistani woman whose gang rape triggered an international outcry took her case to the US Congress on Tuesday, saying she feared for her life. "There are efforts to suppress my voice at every level," Mukhtaran Mai said in a soft voice throug
Published 03 Nov, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (November 02, 2005) and the forecast for Thursday (November 03, 2005).
Published 03 Nov, 2005 12:00am
Senator calls for deferring surveillance planes deal

Senator calls for deferring surveillance planes deal

Pakistan People's Party Parliamentarians on Wednesday called for deferment of over $1 billion purchase of six surveillance planes from Sweden and channelling the money for desperately-needed rehabilitation of earthquake victims.
Published 03 Nov, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
Relief flights to continue despite attack: US

Relief flights to continue despite attack: US

The US military said it was resuming helicopter relief flights in the earthquake zone on Wednesday, even though it believed a rocket-propelled grenade (RPG) was fired at one of the aircraft on Tuesday.
Published 03 Nov, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
Key stock market movements at 1700 GMT on November 02

Key stock market movements at 1700 GMT on November 02

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 03 Nov, 2005 12:00am
Garment skill development board under study

Garment skill development board under study

Federal government is actively considering to establish 'Garment Skill Development Board' to implement initiative of skill development and training of workers in the country.
Published 03 Nov, 2005 12:00am
Nine gamblers, two drug traffickers held

Nine gamblers, two drug traffickers held

In a surprise raid on a notorious gambling den, police caught nine accused red handed besides recovering the stake money and the gambling equipment from the scene, police said here on Wednesday.
Published 03 Nov, 2005 12:00am
PML-N to celebrate Eid austerely

PML-N to celebrate Eid austerely

Pakistan Muslim League-Nawaz (PML-N) has announced to celebrate the forthcoming Eid-ul-Fitr with simplicity and austerity in view of October 8 devastating earthquake that killed more than 57,000 people in northern Pakistan.
Published 03 Nov, 2005 12:00am
Four killed in road mishap

Four killed in road mishap

Four people of Zakkha Khel (Landi Kotal) were killed on the spot when they were going to their home from Karachi in car to celebrate the Eid-ul-Fitr. Police said.
Published 03 Nov, 2005 12:00am
'PML-N working to reduce miseries of quake victims'

'PML-N working to reduce miseries of quake victims'

Engineer Imran Ashraf, Member Punjab Assembly of PML-N has said that PML-N was making adequate efforts for resolving the miseries and problems of quake-stricken people of the country.
Published 03 Nov, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (November 02, 2005) and Thursday (November 03, 2005).
Published 03 Nov, 2005 12:00am
15 underpasses to be constructed in Peshawar: Nazim

15 underpasses to be constructed in Peshawar: Nazim

Peshawar Nazim Haji Ghulam Ali on Tuesday announced to construct 15 underpasses at various roads of the city to lessen the growing traffic problem and save the precious time of people wasted in traffic jams.
Published 03 Nov, 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 (November 02, 2005).

Published 03 Nov, 2005 12:00am
KESC sell-off to enhance Wapda efficiency

KESC sell-off to enhance Wapda efficiency

The new management of Karachi Electric Supply Corporation (KESC) would certainly overcome the menace of electricity pilferage by introducing modern technology.
Published 03 Nov, 2005 12:00am
NWFP cabinet reviews relief operation

NWFP cabinet reviews relief operation

Meeting of the NWFP cabinet was held at Chief Minister's Secretariat Peshawar on Wednesday. The NWFP Chief Minister Akram Khan Durrani presided. The meeting took stock of the matters about ensuring relief activities, rehabilitating affectees and providing
Published 03 Nov, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
LTR sets up special cell

LTR sets up special cell

PTCL -Lahore Telecom Region (LTR) has set up a special cell for redressal of complaints from PTCL consumers during Eid holidays. LTR General Manager South Hafeez-ul-Islam said here on Wednesday subscribers could lodge complaints on telephone No 6308694 or
Published 03 Nov, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
Peerzada donates 150 tents

Peerzada donates 150 tents

Punjab Chief Minister Chaudhry Pervaiz Elahi received renowned artiste Usman Peerzada at Chief Minister's House on Wednesday where artiste gave 150 tents for relief operations in earthquake hit areas of Azad Kashmir & Northern Areas.
Published 03 Nov, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
Record of police posts to be computerised

Record of police posts to be computerised

Punjab Chief Minister Chaudhry Pervaiz Elahi chairing a meeting here on Wednesday said that in order to promote law and order and provide security to the people 155 police patrolling posts have been made operational in the province while the remaining wou
Published 03 Nov, 2005 12:00am
Modernisation of Peshawar Dry Port demanded

Modernisation of Peshawar Dry Port demanded

Sarhad Chamber of Commerce and Industry (SCCI) on Standing Committee on Dry Ports Chairman Zia-ul-Haq Sarhadi has welcomed the statement of federal Railways Minister Shamim Haider about establishment of new dry ports on modern lines in the country.
Published 03 Nov, 2005 12:00am
Power breakdown hits Karachi

Power breakdown hits Karachi

A major power breakdown hit the city here on early Wednesday morning when Wapda's 600 megawatt power line was tripped at Jamshoro Grid Station. The line tripping pushed the areas of Liaquatabad, Gulberg, North Nazimabad, Sharifabad, Nazimabad and FB Area
Published 03 Nov, 2005 12:00am
SBP issues new currency notes worth Rs 63 billion

SBP issues new currency notes worth Rs 63 billion

The State Bank of Pakistan has issued 557.033 million pieces of new currency notes of various denominations worth Rs 63.420 billion from first Ramazan to 27th (November 1), Chief Spokesman of SBP Syed Waseemuddin told APP here on Wednesday.
Published 03 Nov, 2005 12:00am
Four coastal villages to get power by solar system

Four coastal villages to get power by solar system

Some 1400 villagers will get benefit after electrification of four coastal villages through Wind Solar Hybrid Power Generation System in coastal belt of Thatta district.
Published 03 Nov, 2005 12:00am
Army camps not to accept cash: ISPR

Army camps not to accept cash: ISPR

The cash donations will not be accepted at the Army Relief Camps, an official of the ISPR stated here on Wednesday. He said donors had been requested to deposit cash donations into the President's Relief Fund for earthquake affected people.
Published 03 Nov, 2005 12:00am
Laila named APWA President

Laila named APWA President

Begum Laila Sarfraz has been nominated as the new president of All Pakistan Women's Association (APWA). A spokesperson of the organisation said here Wednesday that she had already assumed her responsibilities.
Published 03 Nov, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (November 02, 2005).

Published 03 Nov, 2005 12:00am
PIA suffered Rs 2.5 billion losses in 2004

PIA suffered Rs 2.5 billion losses in 2004

Pakistan International Airlines incurred Rs 2.5 billion losses during 2004, which was in sharp contrast to the target of Rs 3 billion profit.
Published 03 Nov, 2005 12:00am