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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-11-24
Jordan's pro-Western stance fuels attacks: think-tank

Jordan's pro-Western stance fuels attacks: think-tank

Jordan's support for US policies in the Middle East is fuelling Islamist militant attacks such as the triple suicide blasts which killed 60 people earlier this month, a think-tank said on Wednesday.
Published 24 Nov, 2005 12:00am
Third nominee for Iran's oil minister rejected

Third nominee for Iran's oil minister rejected

Iran's parliamentarians threw out President Mahmoud Ahmadinejad's third nominee for oil minister on Wednesday, blowing the world's fourth biggest crude producer into uncharted constitutional waters.
Published 24 Nov, 2005 12:00am
Marxists, monks out of new Sri Lanka cabinet

Marxists, monks out of new Sri Lanka cabinet

Sri Lanka's new president on Wednesday set up a 25-member cabinet which excluded hard-line allies from the Marxist and Buddhist monks' parties in a move analysts said could trigger a snap poll.
Published 24 Nov, 2005 12:00am
India and Indonesia in strategic pact

India and Indonesia in strategic pact

India and Indonesia vowed on Wednesday to strengthen security, trade and diplomatic relations between Asia's largest democracies as part of a new partnership.
Published 24 Nov, 2005 12:00am
Uzbekistan refuses to be used as Afghan rear base

Uzbekistan refuses to be used as Afghan rear base

Uzbekistan has told several European countries that it does not want to be used as a rear base for their operations in Afghanistan, a Nato official said on Wednesday.
Published 24 Nov, 2005 12:00am
Merkel takes EU tour, says ties with Paris vital

Merkel takes EU tour, says ties with Paris vital

Germany's new chancellor, Angela Merkel, told France on Wednesday it remained a key ally as she began a lightning tour intended to reassure her European Union partners she plans no major foreign policy changes.
Published 24 Nov, 2005 12:00am
Kenyan president fires government

Kenyan president fires government

Kenyan President Mwai Kibaki on Wednesday sacked his entire cabinet and their assistants, after the people of the east African country rejected a proposed draft constitution in a referendum.
Published 24 Nov, 2005 12:00am
Iraqi tribal Sunni leader, three sons shot dead

Iraqi tribal Sunni leader, three sons shot dead

Gunmen in Iraqi army uniforms shot dead an ageing Sunni tribal leader and three of his sons in their beds on Wednesday, relatives said, in the latest attack to highlight Iraq's deep sectarian rifts ahead of a December poll.
Published 24 Nov, 2005 12:00am
Sirleaf elected liberia's president

Sirleaf elected liberia's president

Ellen Johnson Sirleaf has won Liberia's presidential vote, becoming Africa's first elected woman head of state and embarking on a six-year mission to lift the war-torn country towards prosperity and reconciliation.
Published 24 Nov, 2005 12:00am
Sirleaf elected liberia's president

Sirleaf elected liberia's president

Ellen Johnson Sirleaf has won Liberia's presidential vote, becoming Africa's first elected woman head of state and embarking on a six-year mission to lift the war-torn country towards prosperity and reconciliation.
Published 24 Nov, 2005 12:00am
British government censors report on blitzing Al-Jazeera

British government censors report on blitzing Al-Jazeera

The British government has threatened to prosecute newspapers if they reveal further details of a leaked document alleging US President George W. Bush suggested bombing Al-Jazeera television.
Published 24 Nov, 2005 12:00am
South Korea approves rice bill amid scuffles, protests

South Korea approves rice bill amid scuffles, protests

South Korea's parliament on Wednesday approved a bill opening the domestic rice market wider to imports, triggering street protests across the country and scuffles inside the National Assembly.
Published 24 Nov, 2005 12:00am
Bullet proof vests for dogs

Bullet proof vests for dogs

Now man's best friend can take a round in the chest and live to bark about it too, thanks to a new bullet-proof vest for dogs. Manufactured by the German firm Mehler, the three-kilo protective garment is on display this week at a high tech security trade
Published 24 Nov, 2005 12:00am
Mumbai bombing suspect sent to high-security jail

Mumbai bombing suspect sent to high-security jail

One of India's most wanted men, accused of involvement in a series of bombings in Mumbai more than 12 years ago that killed 260 people, was ordered by a judge on Wednesday to a high-security jail for his own safety.
Published 24 Nov, 2005 12:00am
Russia to curb foreign-funded groups, charities

Russia to curb foreign-funded groups, charities

Russia moved towards curbing the activities of foreign-funded pro-democracy bodies and charities on Wednesday when parliament backed a draft law that will assert tight state supervision over non-governmental organisations.
Published 24 Nov, 2005 12:00am
Sterling up versus dollar and euro

Sterling up versus dollar and euro

Sterling hit a one-week high against the dollar and inched higher versus the euro after minutes of the Bank of England's November meeting showed a unanimous vote to keep interest rates steady, as expected.
Published 24 Nov, 2005 12:00am
Dollar hits three-week low against euro in London

Dollar hits three-week low against euro in London

The dollar hit a three-week low against the euro on Wednesday after minutes from the US Federal Reserve's November 1 meeting published on Tuesday indicated that it could be close to ending its monetary tightening cycle.
Published 24 Nov, 2005 12:00am
Bonds: TDC gives up some gains on loan denial

Bonds: TDC gives up some gains on loan denial

Credit default swaps on TDC gave up some of their gains on Wednesday after sources denied a newspaper report that Denmark's leading telecoms operator was in talks for a loan to fend off private equity bids.
Published 24 Nov, 2005 12:00am
Bonds: TDC gives up some gains on loan denial

Bonds: TDC gives up some gains on loan denial

Credit default swaps on TDC gave up some of their gains on Wednesday after sources denied a newspaper report that Denmark's leading telecoms operator was in talks for a loan to fend off private equity bids.
Published 24 Nov, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks extended gains on Wednesday as a stronger-than-expected consumer sentiment reading and a drop in crude oil prices fuelled hopes for robust holiday spending and a year-end rally.
Published 24 Nov, 2005 12:00am
Indian shares higher

Indian shares higher

Indian shares closed 1.21 percent higher Wednesday as overseas and domestic funds bought actively into automobile, software and banking companies and ended a two-day slide, dealers said.
Published 24 Nov, 2005 12:00am
FTSE ends up after reaching fresh four-year peak

FTSE ends up after reaching fresh four-year peak

Britain's leading share index closed higher on Wednesday, having set a fresh four-year high, with drugs firm AstraZeneca rising on news it was embarking on key tests of a new lung cancer drug, and despite a weaker heavyweight oil and gas sector.
Published 24 Nov, 2005 12:00am
Denmark may compensate for GMO contamination

Denmark may compensate for GMO contamination

Denmark became the first European Union country on Wednesday to win EU permission to compensate farmers who have detected genetically modified (GMO) material in traditional or organic crops, the EU executive said.
Published 24 Nov, 2005 12:00am
EU ministers take breather in marathon sugar talks

EU ministers take breather in marathon sugar talks

EU farm ministers avoided an all-night negotiating session on Wednesday aimed at hammering out a deal to overhaul Europe's much-criticised sugar policy but still face many hours of tough bargaining, officials said.
Published 24 Nov, 2005 12:00am
Oil slips as fuel stocks rise, cold supports

Oil slips as fuel stocks rise, cold supports

Oil prices eased on Wednesday as US inventory data showed a bigger than expected rise in fuel stocks, though concerns about cold weather cushioned the fall. US light crude for January delivery settled down 13 cents to $58.71 a barrel while London Brent cr
Published 24 Nov, 2005 12:00am
New York cotton stumbles to poor close

New York cotton stumbles to poor close

Cotton futures settled lower Wednesday due to modest speculative sales caused in part by disappointment in the spot December contract in front of a lengthy holiday weekend, brokers said. The US cotton market will be shut Thursday and Friday for Thanksgivi
Published 24 Nov, 2005 12:00am
AWB chases world growth

AWB chases world growth

Australia's national wheat exporter AWB Ltd is running fast with international expansion plans and sales, shrugging off international controversy over alleged kickbacks to Saddam Hussein.
Published 24 Nov, 2005 12:00am
Liffe cocoa slips

Liffe cocoa slips

London's most traded cocoa futures March contract finished down on Wednesday, toppled from an earlier 10-week high after short-covering failed to support the New York market, dealers said.
Published 24 Nov, 2005 12:00am
Copper fluctuates widely

Copper fluctuates widely

Copper prices fluctuated widely on the London Metal Exchange (LME) on Wednesday, continuing to monitor the China situation, eventually ending softer.
Published 24 Nov, 2005 12:00am
European gold below 18-year high

European gold below 18-year high

Gold prices fell further away from an 18-year high in Europe on Wednesday as investors cashed in on hefty profits made this month ahead of a long holiday weekend in the United States. Asian investors earlier sold gold bars after the metal hit $495.35 an o
Published 24 Nov, 2005 12:00am
US MIDDAY: coffee dips on speculative selling

US MIDDAY: coffee dips on speculative selling

US coffee futures settled down 1.1 percent in thin volume on Wednesday, weakened by fund and speculative selling ahead of a long weekend, market sources said.
Published 24 Nov, 2005 12:00am
US MIDDAY: cocoa down in pre-holiday trading

US MIDDAY: cocoa down in pre-holiday trading

US cocoa futures slid about 1 percent in pre-holiday trading Wednesday, with contract switches and currency-related activity making up the bulk of turnover, market sources said.
Published 24 Nov, 2005 12:00am
US MIDDAY: sugar rides by small speculators

US MIDDAY: sugar rides by small speculators

Raw sugar prices banked on late covering by small speculators to end firmer Wednesday in fairly quiet dealings ahead of the Thanksgiving holiday weekend, brokers said.
Published 24 Nov, 2005 12:00am
US MIDDAY: corn weaker in thin trading

US MIDDAY: corn weaker in thin trading

Corn futures at the Chicago Board of Trade were rangebound and slightly lower on Wednesday amid a lack of fresh news before the US Thanksgiving holiday, traders said.
Published 24 Nov, 2005 12:00am
US MIDDAY: wheat mixed on fund selling

US MIDDAY: wheat mixed on fund selling

Wheat futures on the Chicago Board of Trade were mixed at midsession on Wednesday, retreating from early strength in response to fund selling in the Kansas City wheat market, traders said.
Published 24 Nov, 2005 12:00am
US MIDDAY: copper races up on short-cover rally

US MIDDAY: copper races up on short-cover rally

US copper futures opened with small losses on Wednesday, chopped around unchanged, but then buyers gained an upper hand in a short cover rally that sent spot prices to a new record, traders said.
Published 24 Nov, 2005 12:00am
US MIDDAY: soya grinds lower on technical weakness

US MIDDAY: soya grinds lower on technical weakness

The Chicago Board of Trade soyabean market ground lower early Wednesday on follow-through technical weakness from Tuesday amid a lack of news and light volume ahead of the US Thanksgiving holiday, traders said.
Published 24 Nov, 2005 12:00am
US MIDDAY: gold slips on investor profit-taking

US MIDDAY: gold slips on investor profit-taking

Gold futures in New York fell at the open Wednesday on some investor profit-taking ahead of the long holiday weekend in what was described as a healthy pullback for the market, setting the stage for a possible breach of $500 an ounce next week, sources sa
Published 24 Nov, 2005 12:00am
Rs 2.6 million looted from bank

Rs 2.6 million looted from bank

Four dacoits looted Rs 2.6 million cash from a local bank and fled in the bank's official vehicle in Shadman here on Wednesday. According to the Manager of the PICIC Commercial Bank, Sibghatullah, three dacoits in connivance with the banks security guard,
Published 24 Nov, 2005 12:00am
'Shoreline be developed as ecological tourist industry'

'Shoreline be developed as ecological tourist industry'

Professor Pirzada Qasim, vice-chancellor, University of Karachi, has praised the bold steps taken by the marine biologists for the cetacean conservation in Pakistan and suggested that our shoreline should be developed as ecological tourist industry.
Published 24 Nov, 2005 12:00am
International day to eliminate violence against women on November 25

International day to eliminate violence against women on November 25

The cases of violence against women in Pakistan are on rise despite rosy statements and high-pitched rhetoric by policymakers, and when the world is observing the International Day to Eliminate Violence against Women on November 25, efforts should be take
Published 24 Nov, 2005 12:00am
Safari & Outdoor Club formed

Safari & Outdoor Club formed

A group of professionals has formed "Safari and Outdoor Club of Pakistan" with its office at Clifton in Karachi. The Club aims to establish, provide, manage, maintain, promote sustainable uses of nature, wildlife, conservation and development of habitual
Published 24 Nov, 2005 12:00am
India needs a new social contract

India needs a new social contract

I was deeply embarrassed last week before a distinguished audience of sophisticated investors abroad - they virtually called me a liar. A year ago, I had reassured them that our stellar reformers - Manmohan Singh, Chidambaram and Montek - would not only e
Published 24 Nov, 2005 12:00am
Ban on high-rise buildings

Ban on high-rise buildings

Please refer to letter of The Helpline Trust appearing in your esteemed daily of November 21, 2005. I strongly endorse the Trust's views. Most of the buildings in Karachi constructed by the builders and approved by the KDA functionaries are extremely subs
Published 24 Nov, 2005 12:00am
Awards to Ukrainian medical team

Awards to Ukrainian medical team

This is with reference to the devastating earthquake which left millions homeless and thousands dead at NWFP and AJK.First of all I would like to appreciate the efforts made by the Government of Pakistan artillery the Government of NWFP and AJK Government
Published 24 Nov, 2005 12:00am
Was US press in 'coma' during drive to war with Iraq? new book asks

Was US press in 'coma' during drive to war with Iraq? new book asks

US media organisations are now skewering President George W. Bush over his case for ousting Saddam Hussein, but few questioned the pro-war juggernaut in the run-up to battle. Now, with the White House's once feared public relations machine misfiring, Bush
Published 24 Nov, 2005 12:00am
Turkmenistan-Afghan-Pakistan gas pipeline project

Turkmenistan-Afghan-Pakistan gas pipeline project

According to a senior Asian Development Bank's energy specialist, Dan Millison, reserves information from Turkmenistan released some time ago shows a lower than expected gas deliverability for a proposed $3.3-billion TAP (Turkmenistan- Afghanistan--Pakist
Published 24 Nov, 2005 12:00am
Why not put opium to better use?

Why not put opium to better use?

Coming in the thick of a relentless campaign for eradication of poppy crop in Afghanistan and other narco countries, odd enough will appear to be international think-tank Senlis Council's reported exhortation to Western countries, to buy opium from Afghan
Published 24 Nov, 2005 12:00am
The threat of HIV epidemic

The threat of HIV epidemic

Disturbing news has emerged regarding the prevalence of HIV in Pakistan. According to a UN report released on Monday, "new data suggests that the country could be on the verge of a serious HIV epidemic." Unfortunately, our health authorities have long bee
Published 24 Nov, 2005 12:00am
Punjab labour party concerned over road mishaps

Punjab labour party concerned over road mishaps

Labour Party Punjab, has expressed its grave concern over the increasing number of road incidents in the provincial metropolis and held the district administration and traffic police responsible for the same.
Published 24 Nov, 2005 12:00am
'Telecom sector offers conducive environment for investment'

'Telecom sector offers conducive environment for investment'

Minister of State for Information Technology, Ali Asjad Malhi has said that present government is trying its best for the promotion of information technology (IT) and telecommunication and various incentives have been provided for investment in the IT sec
Published 24 Nov, 2005 12:00am
Peshawar dry port problems discussed

Peshawar dry port problems discussed

A delegation comprising businessmen, importers, exporters and custom clearing agents of NWFP held a meeting with high ranking officials of Pakistan Railways.
Published 24 Nov, 2005 12:00am
NWFP minister for conservation of forests

NWFP minister for conservation of forests

The NWFP Minister for Environment and Forests, Shah Raza Khan, has said that due to non-availability of gas in Malakand and Hazara divisions, precious wood worth Rs 1400 is being burnt for cooking ten cups of tea, which is misuse of national resources bes
Published 24 Nov, 2005 12:00am
Chief executives briefed on working of LTU

Chief executives briefed on working of LTU

A selected group of chief executives (CEs) of the top taxpaying companies of the province was given a briefing on Large Taxpayers Unit (LTU) here on Tuesday.
Published 24 Nov, 2005 12:00am
Imran wants independent body to monitor relief work

Imran wants independent body to monitor relief work

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has demanded constitution of an independent committee to monitor the relief work in quake-hit areas, while the loans pledged by the international community during the donor's conference should be rejected
Published 24 Nov, 2005 12:00am
Rs 10 million cotton gutted

Rs 10 million cotton gutted

Cotton worth Rs 10 million was gutted in Gojra Niayab Cotton factory, when a huge fire broke out in cotton stock area due to unknown reason. Gojra Niayab Cotton Factory is situated at about 45 km from here.
Published 24 Nov, 2005 12:00am
Collectorates computerised system being upgraded

Collectorates computerised system being upgraded

The existing computerised system installed in all the Collectorates would be upgraded by the end of December, and CBR is taking necessary measures in this regard.
Published 24 Nov, 2005 12:00am
FCCI decries constant rise in POL prices

FCCI decries constant rise in POL prices

The president, Faisalabad Chamber of Commerce and Industry (FCCI), Mian Muhammad Hanif, has expressed grave concern and dismay over constant increase of petroleum prices, and warned that if the trend for exorbitant increase in the petrol and diesel prices
Published 24 Nov, 2005 12:00am
More relief goods dispatched to quake-hit areas

More relief goods dispatched to quake-hit areas

On the instructions of Punjab Chief Minister, the process of dispatching relief goods to quake-hit areas is continuing, and as many as 5,557 tents were sent to Mansehra through a caravan of 44 trucks from the provincial metropolis on Wednesday.
Published 24 Nov, 2005 12:00am
'Support A Family' programme from next month: Pervaiz

'Support A Family' programme from next month: Pervaiz

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said the provincial government would start implementation of 'Support a Family' programme for the rehabilitation of quake-stricken from the first week of December.
Published 24 Nov, 2005 12:00am
Minister wants action against PML MNA

Minister wants action against PML MNA

PML Senior Vice President Punjab and provincial minister, Muhammad Arshad Khan Lodhi has called upon the top PML leadership that a reference be filed before the Election Commission to get the membership of PML MNA Farooq Amjad Mir cancelled.
Published 24 Nov, 2005 12:00am
Machine tools, auto parts industry show opens

Machine tools, auto parts industry show opens

Pakistan's first international exhibition on machine tools and automation industry, co-locating auto and auto parts industry started here on Wednesday.
Published 24 Nov, 2005 12:00am
Kitchen gardening key to safe health, poverty alleviation

Kitchen gardening key to safe health, poverty alleviation

Kitchen gardening can play a major role for safe health as well as in alleviating poverty, said Professor Dr Bashir Ahmed, Vice Chancellor, University of Agriculture Faisalabad (UAF) on Wednesday.
Published 24 Nov, 2005 12:00am
PSO and Orix enter deal

PSO and Orix enter deal

Strategic partners Pakistan State Oil (PSO) Company Ltd and Orix Leasing Company Pakistan Ltd renewed their association at a ceremony at PSO House on Wednesday. PSO Managing Director Jalees Siddiqui and Orix Pakistan CEO Humayun Murad inked the agreement.
Published 24 Nov, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 24 Nov, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (November 23, 2005) and the forecast for Thursday (November 24, 2005).
Published 24 Nov, 2005 12:00am
GCU celebrates philosophy day

GCU celebrates philosophy day

Brett Philosophical and Inter-Disciplinary Society of GC University Lahore is organising a special function on November 24 to celebrate the World Philosophy Day. Department of Philosophy of GCU is popular as Allama Muhammad Iqbal had been a teacher in thi
Published 24 Nov, 2005 12:00am
New York cotton

New York cotton

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

Published 24 Nov, 2005 12:00am
NGO team calls on NWFP governor

NGO team calls on NWFP governor

A nine-member delegation comprising the office-bearers of a Peshawar-based social organisation - Movement of Inter-Faith Love and Peace - Milap, led by its Chairman James Cyprian, called on NWFP Governor Khalil-ur-Rehman at the Governor's House here on We
Published 24 Nov, 2005 12:00am
New York cotton

New York cotton

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

Published 24 Nov, 2005 12:00am
TUSDEC to set up CAM-CAD centre in Faisalabad

TUSDEC to set up CAM-CAD centre in Faisalabad

Technology Up-gradation and Skill Development Company (TUSDEC) has established first state-of-art CAM-CAD centre in Karachi with huge investment of Rs 450 million while second Centre will be established in Faisalabad to provide skilled manpower to the loc
Published 24 Nov, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 23, 2005).

Published 24 Nov, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 23, 2005).

Published 24 Nov, 2005 12:00am
Haj training schedule for NWFP pilgrims

Haj training schedule for NWFP pilgrims

The Directorate of Haj, NWFP, has arranged training programmes for intending male and female Hujjaj throughout the province.
Published 24 Nov, 2005 12:00am
Key stock market movements at 1700 GMT on November 23

Key stock market movements at 1700 GMT on November 23

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 24 Nov, 2005 12:00am
Ruet body meeting

Ruet body meeting

The meetings of Zonal, District Ruet-e-Hilal Committees for sighting the moon of Ziqa'd 1426-Hijri will be held at their respective Headquarters on Friday. Chairman, Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman will attend the meeting of Sindh Z
Published 24 Nov, 2005 12:00am
Minfal clarifies report about bird flu

Minfal clarifies report about bird flu

Ministry of Food, Agriculture and Livestock (Minfal) on Wednesday clarified a news item published in a section of press regarding presence of bird flu in Pakistan. "The report was based on misunderstanding of the facts."
Published 24 Nov, 2005 12:00am
'Trade volume between Pakistan and France on rise'

'Trade volume between Pakistan and France on rise'

The trade volume between France and Pakistan is on the increase. This was stated by the Ambassador of France to Pakistan, Regis de Belenel, while talking to APP here. However, he was of the view that the trade volume between our two countries was not as h
Published 24 Nov, 2005 12:00am
Chinese purchase mission due next month

Chinese purchase mission due next month

An 11-member Chinese purchase-mission will visit Pakistan early next month to import goods of their urgent requirements. The visit is a part of the ongoing efforts to enhance bilateral trade and correct the balance of payment position between the two coun
Published 24 Nov, 2005 12:00am
UN urged to provide more assistance for quake victims

UN urged to provide more assistance for quake victims

The former AJK Prime Minister and leader of the opposition in AJK Legislative Assembly Barrister Sultan Mahmmod Chaudhry met Heide Kutaib the United Nations director for Humanitarians Affairs here on Wednesday.
Published 24 Nov, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 24, 2005.

Published 24 Nov, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, November 24, 2005.

Published 24 Nov, 2005 12:00am
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