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Sep 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-11-12
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 12 Nov, 2005 12:00am
Up to 30 percent raise in 4 Discos tariff proposed

Up to 30 percent raise in 4 Discos tariff proposed

The National Electric Power Regulatory Authority (Nepra) has recommended up to 30 percent raise in power rates for consumers of Hesco, Qesco, Pesco and Mepco but has not touched the tariff schedules of Iesco, Lesco, Fesco and Gepco, sources in Nepra told
Published 12 Nov, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 12 Nov, 2005 12:00am
Share prices show erratic behaviour

Share prices show erratic behaviour

The share prices on Friday showed erratic movement and volley of selling and buying pressure was witnessed which forced the index to move like a pendulum as investors were hesitant to build long positions.
Published 12 Nov, 2005 12:00am
Share prices show erratic behaviour

Share prices show erratic behaviour

The share prices on Friday showed erratic movement and volley of selling and buying pressure was witnessed which forced the index to move like a pendulum as investors were hesitant to build long positions.
Published 12 Nov, 2005 12:00am
Bid foiled to smuggle statues worth millions of dollars

Bid foiled to smuggle statues worth millions of dollars

The Collectorate of Customs, Exports, Karachi, foiled an attempt at Port Muhammad Bin Qasim to smuggle 150-200 years old Gandhara statues worth millions of dollars, destined for United States of America (USA).
Published 12 Nov, 2005 12:00am
Share prices show erratic behaviour

Share prices show erratic behaviour

The share prices on Friday showed erratic movement and volley of selling and buying pressure was witnessed which forced the index to move like a pendulum as investors were hesitant to build long positions.
Published 12 Nov, 2005 12:00am
Medical care to quake victims termed unsatisfactory

Medical care to quake victims termed unsatisfactory

Lack of proper training in trauma management, compromising quality of urgently required medical intervention and care to the victims of trauma was observed in handling injured exposed to ravages of recent earth quake in the country.
Published 12 Nov, 2005 12:00am
Mobilink and RPTW to organise festival for quake victims

Mobilink and RPTW to organise festival for quake victims

Rafi Peer Theatre Workshop (RPTW) and Mobilink will be jointly organising "World Performing Arts Festival 2005" here between November 19 and 28, which was expected to host over 500 international artists from more than 40 countries.
Published 12 Nov, 2005 12:00am
Construction of 44 shelters made of CGI sheets completed

Construction of 44 shelters made of CGI sheets completed

Army engineers have completed construction of 44 shelters made of corrugated galvanised iron (CGI) sheets in the quake struck areas to provide proper cover to the survivors from rain, snowfall and severe cold weather.
Published 12 Nov, 2005 12:00am
PRCS allocates Rs 1.4 million for feasibility report

PRCS allocates Rs 1.4 million for feasibility report

Pakistan Red Crescent Society (PRCS)'s Chairman General Jehan Dad Khan (Retd) said the society allocated Rs 1.4 million to work out a feasibility report about reconstruction of quake-hit areas.
Published 12 Nov, 2005 12:00am
Singer donates Rs 2 million

Singer donates Rs 2 million

Singer Pakistan Limited on November 10, 2005 presented to the Governor of Sindh, Dr Ishratul Ibad, a cheque of Rs two million in favour of the "President's Relief Fund for Earthquake Victims 2005" as a humble contribution from the company and employees of
Published 12 Nov, 2005 12:00am
Pakistan''s foreign exchange reserves decline

Pakistan''s foreign exchange reserves decline

The liquid foreign reserves of the country held by the end of week on November 5, 2005, declined by 67.1 million dollars at 11,680.2 million dollars, State Bank of Pakistan stated here on Friday.
Published 12 Nov, 2005 12:00am
Mild-intensity tremor jolts parts of Balochistan

Mild-intensity tremor jolts parts of Balochistan

A mild-intensity tremor jolted Quetta and Kalat on Friday night. There was no report of any loss. A mild intensity earthquake shook Quetta and Kalat, at 10:40 pm. Its magnitude was 4.9 on the Richter scale. There was no immediate report of any loss.
Published 12 Nov, 2005 12:00am
Pakistan's foreign exchange reserves decline

Pakistan's foreign exchange reserves decline

The liquid foreign reserves of the country held by the end of week on November 5, 2005, declined by 67.1 million dollars at 11,680.2 million dollars, State Bank of Pakistan stated here on Friday.
Published 12 Nov, 2005 12:00am
Pakistan's foreign exchange reserves decline

Pakistan's foreign exchange reserves decline

The liquid foreign reserves of the country held by the end of week on November 5, 2005, declined by 67.1 million dollars at 11,680.2 million dollars, State Bank of Pakistan stated here on Friday.
Published 12 Nov, 2005 12:00am
Wheat issue price raised

Wheat issue price raised

The government has increased wheat issue price for the mills for 2005-06, from Rs 10,000 to Rs 10,750 per tonne and fixed flour (atta) price (per 20-kg bag) at Rs 250.
Published 12 Nov, 2005 12:00am
SPORTS WORLD: Two balanced outfits lock horns in Multan today

SPORTS WORLD: Two balanced outfits lock horns in Multan today

The first trial of strength between Pakistan and England begins at the newly renovated Multan Cricket Stadium this morning in which the experts feel that the visiting side having come here with six successive Test series victories in their favour can furt
Published 12 Nov, 2005 12:00am
Wheat issue price raised

Wheat issue price raised

The government has increased wheat issue price for the mills for 2005-06, from Rs 10,000 to Rs 10,750 per tonne and fixed flour (atta) price (per 20-kg bag) at Rs 250.
Published 12 Nov, 2005 12:00am
Wheat issue price raised

Wheat issue price raised

The government has increased wheat issue price for the mills for 2005-06, from Rs 10,000 to Rs 10,750 per tonne and fixed flour (atta) price (per 20-kg bag) at Rs 250.
Published 12 Nov, 2005 12:00am
Helpless

Helpless

There was despair all around,
Published 12 Nov, 2005 12:00am
Only $211.2 million received so far

Only $211.2 million received so far

The Federal Relief Commissioner Major General Farooq Ahmed Khan on Friday asked the international community to generously contribute towards the rescue and rehabilitation operation for the earthquake affectees in Azad Jammu and Kashmir and NWFP before the
Published 12 Nov, 2005 12:00am
Sarangi-playing to classical vocalisation

Sarangi-playing to classical vocalisation

History of classical music in the sub-continent is replete with numerous examples of professional gharana musicians, which began their career by playing string instrument Sarangi but ended up with practising classical vocalisation of the kheyal variety.
Published 12 Nov, 2005 12:00am
LAHORE CULTURAL DIARY: The saddest Eid since 1970

LAHORE CULTURAL DIARY: The saddest Eid since 1970

This year Eid in Lahore was not celebrated with traditional enthusiasm and fervour. It reminded us of the unprecedented cyclone, which killed over 200,000 people in East Pakistan, which was then the eastern wing of the united Pakistan.
Published 12 Nov, 2005 12:00am
Nursing cares in the earthquake area

Nursing cares in the earthquake area

In the wake of earthquake there was an acute shortage of nurses, even though a large number of doctors, physicians and surgeons had reached the disaster areas. It was realised by the aid workers that specific jobs needed specific support to effectively ha
Published 12 Nov, 2005 12:00am
President postpones COMSTECH meeting

President postpones COMSTECH meeting

Due to the calamitous circumstances President General Pervez Musharraf, who is also chairman of COMSTECH (OIC Ministerial Standing Committee for Science & Technology), has decided to postpone the upcoming 12th General Assembly meeting of COMSTECH, which w
Published 12 Nov, 2005 12:00am
BOOK REVIEW: The Floating Universe

BOOK REVIEW: The Floating Universe

There are not many people who would tell you that your responsibilities as parents begin when you have become a grandpa and your grown up children have settled away from you either in the same city or in a distant land.
Published 12 Nov, 2005 12:00am
Arafat's first death anniversary observed

Arafat's first death anniversary observed

Arab Palestinians living in Pakistan including Islamabad observed on Friday the first anniversary of the death of PLO Founder Chief and Chairman Yasser Arafat, reports UPP correspondent.
Published 12 Nov, 2005 12:00am
CAPITAL CULTURE: Memorial for the Margalla and quake victims

CAPITAL CULTURE: Memorial for the Margalla and quake victims

Eid was a quiet affair in the Capital. Chand Raat saw a lot of cars on the roads. However, the usual excitement and exuberance was missing. Police was visible everywhere. The Ramazan's blessed conclusion was welcomed by all and sundry but the Eid didn't h
Published 12 Nov, 2005 12:00am
Pakistan cautions on UNSC reform

Pakistan cautions on UNSC reform

Emphasising the need for consensus on UN Security Council reform, Pakistan has cautioned the General Assembly against any "precipitative move" to secure a decision by a vote.
Published 12 Nov, 2005 12:00am
Pursuing higher education abroad

Pursuing higher education abroad

For many years now, most of our promising young minds have opted to move out of the country with foreign education and their resulting degrees accepted as the best chance for a settled and more secure future when compared to what the local education secto
Published 12 Nov, 2005 12:00am
Turkish NGO desires to set up school in Karachi

Turkish NGO desires to set up school in Karachi

A delegation under the leadership of former education minister of Turkey and ex-director general Overseas Education and Chairman Private Schools Association Aysel Aytac on Friday called on Sindh Chief Minister Dr Arbab Ghulam Rahim and expressed desire to
Published 12 Nov, 2005 12:00am
CURRENT TOPICS: The fall of the Russian Empire and the rise of Russia

CURRENT TOPICS: The fall of the Russian Empire and the rise of Russia

Normally we speak of the disintegration of USSR (Union of Soviet Socialist Republic) in 1991. But actually the Russian Empire founded by Romanov Czars flourished until taken over by Marxist Revolution led by Lenin in October 1917 to establish proletariat
Published 12 Nov, 2005 12:00am
Nepalese envoy presents $50,000 cheque to Prime Minister

Nepalese envoy presents $50,000 cheque to Prime Minister

Ambassador of Nepal in Pakistan Pushkar Man Singh Rajbhandori presented a cheque of dollars 50,000 to Prime Minister Shaukat Aziz for the victims of earthquake at Prime Minister Secretariat here on Friday. The Prime Minister thanked the government and peo
Published 12 Nov, 2005 12:00am
China may donate seismological equipment

China may donate seismological equipment

China is likely to donate high class seismological instruments to Pakistan for the survey of hot areas of earthquake in Azad Kashmir and in Balakot, PPI learnt.
Published 12 Nov, 2005 12:00am
Thai rice futures firm, volume falls

Thai rice futures firm, volume falls

Thai rice futures rose for the second consecutive session on Friday as investors continued to cover their short positions, brokers said. Overall volume dropped as 73 contracts of 5 percent white rice were traded compared to Thursday's 87.
Published 12 Nov, 2005 12:00am
US relief assistance appreciable: Karamat

US relief assistance appreciable: Karamat

Pakistani Ambassador to United States Jehangir Karamat on Thursday said it was a matter of acknowledgement that the US was doing so much for assisting Pakistan in quake relief work.
Published 12 Nov, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,974 tonnes of cargo including 70,793 tonnes import and 10,181 tonnes export cargo including 3,957 containers during last 24 hours ending at 0700 hours on Friday.
Published 12 Nov, 2005 12:00am
One killed in Indian occupied Kashmir

One killed in Indian occupied Kashmir

Indian occupation troops killed a suspected freedom fighter in occupied Kashmir on Friday during a large-scale sweep for suspects in the shooting death of a senior Indian occupation army official, an army spokesman said.
Published 12 Nov, 2005 12:00am
Corn ends down to new lows amid USDA data

Corn ends down to new lows amid USDA data

Corn futures at the Chicago Board of Trade ended lower on Thursday and new contract lows were set after the release of bearish crop production numbers from the US Department of Agriculture, traders said.
Published 12 Nov, 2005 12:00am
One killed in Indian occupied Kashmir

One killed in Indian occupied Kashmir

Indian occupation troops killed a suspected freedom fighter in occupied Kashmir on Friday during a large-scale sweep for suspects in the shooting death of a senior Indian occupation army official, an army spokesman said.
Published 12 Nov, 2005 12:00am
Dubai aims for first steel contract

Dubai aims for first steel contract

Dubai's new commodities exchange expects to launch the world's first exchange-traded steel futures contract in the second quarter of 2006, senior officials said.
Published 12 Nov, 2005 12:00am
Quake: Pakistan tables resolution in UNGA

Quake: Pakistan tables resolution in UNGA

Pakistan on Friday tabled a draft resolution in the General Assembly calling for the appointment of a special UN envoy to deal with the aftermath of the devastating earthquake that struck northern parts of the country.
Published 12 Nov, 2005 12:00am
South African maize mixed

South African maize mixed

South African maize prices were mixed on Friday and were seen stuck in a fairly broad range ahead of estimates of planting intentions in 10 days.
Published 12 Nov, 2005 12:00am
Quake: Pakistan tables resolution in UNGA

Quake: Pakistan tables resolution in UNGA

Pakistan on Friday tabled a draft resolution in the General Assembly calling for the appointment of a special UN envoy to deal with the aftermath of the devastating earthquake that struck northern parts of the country.
Published 12 Nov, 2005 12:00am
Brazil crushes 305.9 million tonnes sugar cane

Brazil crushes 305.9 million tonnes sugar cane

Brazil crushed 305.9 million tonnes or 90 percent of the center-south sugar cane crop by November 1, the Sao Paulo Cane Agroindustry Union (Unica) said on Friday. At this time during the 2004/05 (May/April) crop, 277.4 million tonnes of the cane in the ce
Published 12 Nov, 2005 12:00am
UN prioritises aid, sickness spreads

UN prioritises aid, sickness spreads

Aid agencies are prioritising help for earthquake survivors, focusing on high-altitude communities, but that is leaving others vulnerable as sickness spreads, a UN official said on Friday.
Published 12 Nov, 2005 12:00am
Soya rust found for first time in Texas

Soya rust found for first time in Texas

Soyabean rust, a contagious fungus that can sharply cut crop yield, was discovered for the first time in Texas, the US Agriculture Department said on Thursday.
Published 12 Nov, 2005 12:00am
UN prioritises aid, sickness spreads

UN prioritises aid, sickness spreads

Aid agencies are prioritising help for earthquake survivors, focusing on high-altitude communities, but that is leaving others vulnerable as sickness spreads, a UN official said on Friday.
Published 12 Nov, 2005 12:00am
US Midwest soya and corn basis firm on processor demand

US Midwest soya and corn basis firm on processor demand

Soyabean basis bids firmed on processor and export demand in the US Midwest on Friday and corn bids were steady to firm as processors looked for supplies to keep plants running through the weekend, dealers said.
Published 12 Nov, 2005 12:00am
Saddam's aide Izzat Ibrahim dies?

Saddam's aide Izzat Ibrahim dies?

Former Iraqi President Saddam Hussein's deputy, Izzat Ibrahim, has died, Al Arabiya satellite television quoted a Baath party statement as saying on Friday. Ibrahim was the most senior member of the former regime still at large and had been a top insurgen
Published 12 Nov, 2005 12:00am
CBOT wheat futures lower, loses ground to KCBT

CBOT wheat futures lower, loses ground to KCBT

Wheat futures on the Chicago Board of Trade closed lower on Thursday, losing ground to the Kansas City and Minneapolis markets after the USDA adjusted its wheat ending stocks by class, traders said.
Published 12 Nov, 2005 12:00am
Saddam's aide Izzat Ibrahim dies?

Saddam's aide Izzat Ibrahim dies?

Former Iraqi President Saddam Hussein's deputy, Izzat Ibrahim, has died, Al Arabiya satellite television quoted a Baath party statement as saying on Friday. Ibrahim was the most senior member of the former regime still at large and had been a top insurgen
Published 12 Nov, 2005 12:00am
Chinese steel prices falling again, mills desperate

Chinese steel prices falling again, mills desperate

Prices for domestic steel in China are falling again due to overproduction following a brief respite with a five percent production cut in the fourth quarter, traders and industry officials said on Thursday.
Published 12 Nov, 2005 12:00am
World Bank may offer $270 million more

World Bank may offer $270 million more

Describing the need for assistance in earthquake-hit areas of NWFP and Azad Kashmir as "very urgent" and "grave", World Bank acting Vice President for South Asia region Dina Umali-Deininger on Thursday said the bank on its part was extending generous help
Published 12 Nov, 2005 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was seen on the forward cottonseed oilcake market on Friday as most of the buying continued on anticipation of further increase in prices, dealers said.
Published 12 Nov, 2005 12:00am
World Bank may offer $270 million more

World Bank may offer $270 million more

Describing the need for assistance in earthquake-hit areas of NWFP and Azad Kashmir as "very urgent" and "grave", World Bank acting Vice President for South Asia region Dina Umali-Deininger on Thursday said the bank on its part was extending generous help
Published 12 Nov, 2005 12:00am
KCA raises spot rate by Rs 35 amid brisk trading

KCA raises spot rate by Rs 35 amid brisk trading

Firmer trend was seen on the cotton market on Friday as spot rates moved up modestly amid brisk trading, dealers said. They said that the reports of lower arrivals of cotton compelled the mills not to stay on the sidelines, but indulge in forward buying ,
Published 12 Nov, 2005 12:00am
World Bank may offer $270 million more

World Bank may offer $270 million more

Describing the need for assistance in earthquake-hit areas of NWFP and Azad Kashmir as "very urgent" and "grave", World Bank acting Vice President for South Asia region Dina Umali-Deininger on Thursday said the bank on its part was extending generous help
Published 12 Nov, 2005 12:00am
FOB Gulf corn and soya steady

FOB Gulf corn and soya steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Thursday, supported by active export demand in both markets, traders said.
Published 12 Nov, 2005 12:00am
Banks borrow more funds from SBP

Banks borrow more funds from SBP

The short-term money rates remained high on Friday, and the banks borrowed aggressively from the central bank to meet the mandatory cash reserves requirement.
Published 12 Nov, 2005 12:00am
Wheat prices fall on grain market

Wheat prices fall on grain market

Wheat prices slid on the grain market on Friday on fresh arrivals and partly because of falling demand as the buyers have already covered their near-term needs, dealers said.
Published 12 Nov, 2005 12:00am
Banks borrow more funds from SBP

Banks borrow more funds from SBP

The short-term money rates remained high on Friday, and the banks borrowed aggressively from the central bank to meet the mandatory cash reserves requirement.
Published 12 Nov, 2005 12:00am
MGE wheat falls

MGE wheat falls

Spring wheat futures on the Minneapolis Grain Exchange closed lower on Thursday, following declines in outside wheat markets, but bullish export data underpinned values, traders said.
Published 12 Nov, 2005 12:00am
Banks borrow more funds from SBP

Banks borrow more funds from SBP

The short-term money rates remained high on Friday, and the banks borrowed aggressively from the central bank to meet the mandatory cash reserves requirement.
Published 12 Nov, 2005 12:00am
New York coffee slips

New York coffee slips

US coffee futures dipped for the second consecutive session, with market participants focusing on spread trading a day ahead of options expiration, traders said.
Published 12 Nov, 2005 12:00am
New York cocoa gains

New York cocoa gains

US cocoa futures registered modest gains for the third consecutive session, buoyed more by non-commercial participants switching contracts than outright buying interest, traders said on Thursday.
Published 12 Nov, 2005 12:00am
'Trickling down effect of healthy economy within 5 years'

'Trickling down effect of healthy economy within 5 years'

Dr Ashfaque Hasan Khan, economic adviser to the Ministry of Finance, has assured the poor masses of Pakistan that benefit of growth in economy would start trickling down to them within five years.
Published 12 Nov, 2005 12:00am
Huge US crops to cap price through winter

Huge US crops to cap price through winter

US grain prices fell on Thursday and will remain under pressure through winter as the government confirmed on Thursday trade expectations for near-record corn and soybean harvests in the United States this year, analysts said.
Published 12 Nov, 2005 12:00am
'Trickling down effect of healthy economy within 5 years'

'Trickling down effect of healthy economy within 5 years'

Dr Ashfaque Hasan Khan, economic adviser to the Ministry of Finance, has assured the poor masses of Pakistan that benefit of growth in economy would start trickling down to them within five years.
Published 12 Nov, 2005 12:00am
Comex copper driven to high close as funds buy

Comex copper driven to high close as funds buy

US copper futures closed with strong gains on Thursday after a vigorous round of fund buying set off automatic buy orders and sent contracts to new highs, traders said.
Published 12 Nov, 2005 12:00am
Sessi provides Rs 1 million medicines

Sessi provides Rs 1 million medicines

On the directive of Sindh Minister for Labour, Transport, Industries and Commerce Muhammad Adil Siddiqui, Sindh Employees Social Security Institution (Sessi) has sent medicines worth Rs one million for earthquake victims.
Published 12 Nov, 2005 12:00am
New York platinum closes at new 26-year high

New York platinum closes at new 26-year high

Platinum in New York settled at a new 26-year high on Thursday on a third day of speculative and trade buying, while palladium hit a 17-month peak and gold and silver touched 10-day highs before pulling back slightly.
Published 12 Nov, 2005 12:00am
Evernew Concepts and Dentsu India join hands

Evernew Concepts and Dentsu India join hands

The Evernew Concepts - one of the large advertising agencies in Pakistan, has announced its association with the Dentsu India, says a press release here on Friday.
Published 12 Nov, 2005 12:00am
Tokyo platinum rallies to record high, gold flat

Tokyo platinum rallies to record high, gold flat

Tokyo platinum futures rallied to a fresh record high on Friday as fund buying steadily emerged on price dips amid prospects that a healthy global economy would keep demand strong. Speculative buying appeared ahead of a closely watched interim report by L
Published 12 Nov, 2005 12:00am
Gold retreats in Asia as dollar goes up

Gold retreats in Asia as dollar goes up

Gold retreated in Asia on Friday, hurt by a strong US dollar and waning inflationary fears in the United States. Gold was under the spell of currency markets, dealers said, with the rising US dollar a sell signal for bullion. Prices have declined 3 percen
Published 12 Nov, 2005 12:00am
Bush warns Syria on Lebanon

Bush warns Syria on Lebanon

US President George W. Bush on Friday called on Syria to fully cooperate with a UN inquiry into the killing of a former Lebanese prime minister and to stop trying to "intimidate and destabilise" the Lebanese government.
Published 12 Nov, 2005 12:00am
Malaysian tin edges up

Malaysian tin edges up

Malaysian tin edged up slightly on Friday as sellers turned cautious after another drop in London prices, dealers said. The spot metal ended up $25 at $6,295 a tonne. Volume fell to 46 tonnes from Thursday's 72. European buyers took 20 tonnes, Japanese bu
Published 12 Nov, 2005 12:00am
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