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Print - 2005-11-29
Sterling falls to two-year low

Sterling falls to two-year low

Sterling dipped to a two-year low against the dollar on Monday as traders continued to chase the greenback in anticipation of higher US interest rates.
Published 29 Nov, 2005 12:00am
Dollar jumps versus yen and pound

Dollar jumps versus yen and pound

The dollar scaled a 27-month high against the yen and two-year peak versus sterling on Monday as the dollar's bull run continued on the prospect of rising US interest rates.
Published 29 Nov, 2005 12:00am
New York cotton ends easier

New York cotton ends easier

Cotton futures closed softer Monday on modest speculative sales after the holiday break as the market showed little inclination to break out of its recent trading band, brokers said.
Published 29 Nov, 2005 12:00am
London sugar ends up

London sugar ends up

London benchmark March white sugar futures closed up 1.7 percent on fund, speculator and trade buying on Monday, dealers said. March settled up $5.30 at $310.30 per tonne in volume of 5,373 lots, having moved from $304.5 to $312.
Published 29 Nov, 2005 12:00am
Metals close strongly on fund buying appetite

Metals close strongly on fund buying appetite

London Metal Exchange (LME) metals put on a strong showing at the close of trade on Monday with aluminium, lead and zinc at or near highs and copper consolidating above $4,200 a tonne, dealers said.
Published 29 Nov, 2005 12:00am
Oil down on mild US weather

Oil down on mild US weather

Oil slumped on Monday as unusually mild temperatures in the United States curbed demand for heating oil and Opec ministers said they saw no need to trim their output in a "beautifully" balanced market.
Published 29 Nov, 2005 12:00am
European gold near $500

European gold near $500

Gold fell marginally from an 18-year peak in Europe after trading within striking distance of the big psychological level of $500 an ounce, but analyst said the metal had the potential to rise again.
Published 29 Nov, 2005 12:00am
European gold near $500

European gold near $500

Gold fell marginally from an 18-year peak in Europe after trading within striking distance of the big psychological level of $500 an ounce, but analyst said the metal had the potential to rise again.
Published 29 Nov, 2005 12:00am
European gold near $500

European gold near $500

Gold fell marginally from an 18-year peak in Europe after trading within striking distance of the big psychological level of $500 an ounce, but analyst said the metal had the potential to rise again.
Published 29 Nov, 2005 12:00am
Environmental concerns of Port Fountain Jet

Environmental concerns of Port Fountain Jet

According to reports, the construction work of Port Fountain Jet near Clifton beach at Oyster Rocks is in full swing. This is a turnkey project meaning the UK company invent Water Treatment is both the consultant and contractor.
Published 29 Nov, 2005 12:00am
First Lady lends polish to Azerbaijan's politics

First Lady lends polish to Azerbaijan's politics

Azerbaijan has an image problem: it is ruled by a dynasty, corrupt officials squander its oil wealth, police beat up protesters and it has just held an election Western observers said was spoiled by fraud. But it has a public relations ace up its sleeve.
Published 29 Nov, 2005 12:00am
Global market penetration by Islamic banks

Global market penetration by Islamic banks

Islamic banking is in the early stage of its development. For years Islamic banks remained relatively small and offered very limited range of products to a narrow domestic client base.
Published 29 Nov, 2005 12:00am
Pakistan-Indonesia accord

Pakistan-Indonesia accord

The signing of the Framework Agreement on Comprehensive Economic Partnership (FACEP) between Pakistan and Indonesia marks an important step towards enhancing the existing level of economic co-operation between the two brotherly countries.
Published 29 Nov, 2005 12:00am
For a sustainable and equitable resolution

For a sustainable and equitable resolution

Kashmiris must play their part in resolving the issue. Talking to journalists during his tour of some of the quake-affected areas of Azad Kashmir on Wednesday, US Ambassador Ryan C Crocker termed the Kashmir issue as a critical problem, adding that it can
Published 29 Nov, 2005 12:00am
PMA concerned over rising haemorrhagic cases

PMA concerned over rising haemorrhagic cases

The Pakistan Medical Association (PMA) has expressed dismay over the rising cases of haemorrhagic fever in Karachi, where some 60 cases have been reported so far in different hospitals, including Jinnah Postgraduate Medical Center (JPMC), Civil Hospital a
Published 29 Nov, 2005 12:00am
Conference recommends steps for agriculture development

Conference recommends steps for agriculture development

The recently concluded Second National Conference on Agriculture and Animal Sciences recommended some important measures imperative for sustainable development of agriculture sector in the country.
Published 29 Nov, 2005 12:00am
Rangers team off to Haiti

Rangers team off to Haiti

A contingent of Pakistan Rangers (Sindh) has departed for the United Nations Peacekeeping Mission in Haiti here on Monday.
Published 29 Nov, 2005 12:00am
Sindh Assembly takes up legislation work

Sindh Assembly takes up legislation work

The Sindh Assembly on Monday deferred Question Hour till Tuesday and amidst noisy protest by the opposition took up legislation work and passed one bill, referred another to the relevant House Committee and laid three bills before the House for considerat
Published 29 Nov, 2005 12:00am
Askari MasterCard holder wins cash prize

Askari MasterCard holder wins cash prize

A dinner was organised by Askari MasterCard recently at Avari Towers Karachi, to commemorate the winner of lucky draw of "Together wherever" travel promotion, launched by MasterCard International.
Published 29 Nov, 2005 12:00am
Pemra, TV channels served pre-admission notices

Pemra, TV channels served pre-admission notices

Pre-admission notices were issued to Pakistan Electronic Media Registration Authority (Pemra), a number of private news television channels and cable operators by the Supreme Court's Karachi registry in a constitution petition filed by Haji Gul Ahmed, Ami
Published 29 Nov, 2005 12:00am
Rice growers, traders stage protest

Rice growers, traders stage protest

Rice growers and traders staged protest demonstrations throughout the rice-growing belt of the province against the steep decline in price structure of coarse rice Irri-6.
Published 29 Nov, 2005 12:00am
Shipping freight hike irks textile exporters

Shipping freight hike irks textile exporters

Unilateral increase of 12 percent in the cargo fare by shipping lines will not only make the exports costlier but also render the same uncompetitive in western markets, apprehended Rana Arif Tauseef, Chairman Pakistan Textile Exporters Association (PTEA).
Published 29 Nov, 2005 12:00am
EDB to organise Hannover Fair in April 2006

EDB to organise Hannover Fair in April 2006

Engineering Development Board (EDD) has decided to organise Hannover Fair 2006 from April 24-28, 2006 in Hannover, Germany. The decision was taken by the Business Development Committee of the Engineering Development Board (EDB). It also decided to double
Published 29 Nov, 2005 12:00am
Fears about Karachi law and order dispelled

Fears about Karachi law and order dispelled

The member of the visiting delegation of the Birmingham Chamber of Commerce and Industry (BCCI) and its International Project Manager Rupinder Nandra termed the negative propaganda about the law and order situation in Karachi is unjustified and wrong.
Published 29 Nov, 2005 12:00am
HEC initiates need-based scholarship programme

HEC initiates need-based scholarship programme

The Higher Education Commission (HEC) has announced scholarships for meritorious needy students to study in public and private institutions in the country.
Published 29 Nov, 2005 12:00am
Rs 200 prize bond draw on December 12

Rs 200 prize bond draw on December 12

National Savings Hyderabad Joint Director has informed that 24th draw of Rs 200 denomination prize bond would be held here on December 12, 2005.
Published 29 Nov, 2005 12:00am
Benazir rules out any compromise with government

Benazir rules out any compromise with government

Former prime minister and chairperson of the PPP Benazir Bhutto has ruled out any compromise with the government on the issue of her return to the country and taking part in the next elections.
Published 29 Nov, 2005 12:00am
Dr Ishrat meets NWFP governor

Dr Ishrat meets NWFP governor

Dr Ishrat Hussain, Governor, State Bank of Pakistan called on the NWFP Governor Khalil-ur-Rehman at Governor's House here on Monday. Both discussed various matters of common interests with special reference to the working of the bank in the province.
Published 29 Nov, 2005 12:00am
Transparent audit of relief aid urged

Transparent audit of relief aid urged

The NWFP Senior Minister Siraj-ul-Haq has underlined the need for formulating and implementing the rules and regulations for audit of the resources received from local and international communities for the assistance of earthquake victims to ensure transp
Published 29 Nov, 2005 12:00am
Utilisation of resources can change Sindh's destiny: Arbab

Utilisation of resources can change Sindh's destiny: Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim here on Monday ordered pacing up work on Sindh coal projects and said that destiny of the province could be changed by utilising its vast natural resources.
Published 29 Nov, 2005 12:00am
Geo-scientists urged to help mitigate future quake risks

Geo-scientists urged to help mitigate future quake risks

Minister of State for Petroleum and Natural Resources, Mir Muhammad Naseer Mengal has urged the geo-scientists and petroleum engineers to make dedicated efforts to help the government officials and people understanding the phenomenon of earthquake aimed a
Published 29 Nov, 2005 12:00am
No case of bird flu detected: Minfal

No case of bird flu detected: Minfal

No case of bird flu (AI H5NI) was detected in Pakistan as the ministry of food, agriculture & livestock (Minfal) in collaboration with provincial governments and private sector is constantly monitoring the situation on day to day basis, says a press relea
Published 29 Nov, 2005 12:00am
PFUJ calls for countrywide protest on December 1

PFUJ calls for countrywide protest on December 1

Pakistan Federal Union of Journalists (PFUJ) on Monday appealed to Pakistani journalists to hold protest demonstrations on December 1 against the alleged US plan to attack Al-Jazeera TV, and termed it as the worst attack on freedom of press Referring to t
Published 29 Nov, 2005 12:00am
KUTS flays HEC for barring 10 universities from PhD admissions

KUTS flays HEC for barring 10 universities from PhD admissions

The Karachi University Teachers' Society (KUTS) on Monday strongly criticised the decision of the Higher Education Commission (HEC) in which it had barred 10 universities from new admissions in PhD and termed it a conspiracy to usurp the independence of u
Published 29 Nov, 2005 12:00am
PTA preparing framework to start permanent services in AJK

PTA preparing framework to start permanent services in AJK

Pakistan Telecommunication Authority (PTA) is preparing a framework to allow all licensed operators including cellular phone operators to permanently initiate telecommunication services in the quake-stricken Azad Kashmir.
Published 29 Nov, 2005 12:00am
Livestock policy in final stages

Livestock policy in final stages

Pakistan Animal Husbandry Commissioner Dr Muhammad Afzal has said livestock and poultry development policy is being given final shape to place it before the cabinet for approval.
Published 29 Nov, 2005 12:00am
CAA DG meets SNGPL managing director

CAA DG meets SNGPL managing director

Director General Civil Aviation Authority (CAA) Air Marshal Pervez Akhtar Nawaz met Sui Northern Gas Pipelines Limited (SNGPL) Managing Director Rasheed Lone here on Monday and discussed with him matters relating to provision of gas supply to under constr
Published 29 Nov, 2005 12:00am
Rohri added to railways computerised system

Rohri added to railways computerised system

Pakistan Railways has added Rohri to the network of computerised ticketing and reservation system. According to an announcement here on Monday, utilising state-of-the-art fiber optics networking technology.
Published 29 Nov, 2005 12:00am
LSE suspends trading of LTV Modaraba

LSE suspends trading of LTV Modaraba

The Lahore Stock Exchange (LSE) has suspended trading in the certificates of LTV Modaraba for a period of 60 days, with effect from November 29.
Published 29 Nov, 2005 12:00am
PITB setting up Rs 1.5 billion software technology park

PITB setting up Rs 1.5 billion software technology park

Punjab Information Technology Board (PITB) with the assistance of Punjab government is setting up a 'Software Technology Park' at an estimated cost of Rs 1.5 billion in the provincial metropolis which would create 5,000 jobs apart from generating economic
Published 29 Nov, 2005 12:00am
Smeda to start consultative moots from December 1

Smeda to start consultative moots from December 1

Small and Medium Enterprise Development Authority (Smeda) is going to initiate consultative process with the stakeholders from December 01, 2005 to formulate recommendations for 'Labour Inspection Policy 2006' through a series of workshops at all provinci
Published 29 Nov, 2005 12:00am
Smeda team returns from Tunisia

Smeda team returns from Tunisia

A three-member delegation of Industrial Information Network (IIN) of Smeda returned home after participating in World Summit on Information Systems and ICT4All exhibition held last week in Tunis capital of Tunisia.
Published 29 Nov, 2005 12:00am
Judiciary must restore its dignity: SCBA chief

Judiciary must restore its dignity: SCBA chief

President Supreme Court Bar Association (SCBA) Malik Muhammad Qayyum has said that people did not respect the decisions of the judiciary, as it has lost its image in the eyes of public.
Published 29 Nov, 2005 12:00am
Pak-Saudi naval exercise commences

Pak-Saudi naval exercise commences

North Arabian Sea will become a venue of joint Pak-Saudi naval exercise Naseem Al Bahr-VIII, for which task group of Royal Saudi Naval Forces (RSNF) ships arrived on Monday morning at the Karachi port.
Published 29 Nov, 2005 12:00am
CBR starts testing computer program 'Nexus'

CBR starts testing computer program 'Nexus'

The income tax department has started testing of computer program 'Nexus', for removing errors in the system, which would be used for searching the new taxpayers in current financial year.
Published 29 Nov, 2005 12:00am
Railways pre-bid moot on track access on December 5

Railways pre-bid moot on track access on December 5

Pakistan Railways is holding the pre-bid conference on track access in Lahore on 5th December offering private sector to operate its own trains on Pakistan Railway tracks, official sources told Business Recorder here on Monday.
Published 29 Nov, 2005 12:00am
Commonwealth moot participation termed highly productive

Commonwealth moot participation termed highly productive

Former ambassador Tariq Fatimi said on Monday that Prime Minister Shaukat Aziz's participation in the Commonwealth conference was very necessary in the given geo-political global conditions.
Published 29 Nov, 2005 12:00am
The Weather

The Weather

The weather report on Monday (November 28, 2005) and the forecast for Tuesday (November 29, 2005).
Published 29 Nov, 2005 12:00am
Key stock market movements at 1700 GMT on November 28

Key stock market movements at 1700 GMT on November 28

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 29 Nov, 2005 12:00am
Seminar today

Seminar today

Pakistan Workers Federation (PWF) will arrange a seminar on the topic of "Employment Opportunities, Workers Rights and Poverty Alleviation" here on Tuesday.
Published 29 Nov, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am
French team to attend Smeda seminar

French team to attend Smeda seminar

The French delegation, visiting Pakistan under the aegis of ADEPTA (French association for the development of international exchanges of food and agricultural products and technologies) will participate in a seminar jointly organised by the Small and Medi
Published 29 Nov, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (November 28, 2005) and Tuesday (November 29, 2005).
Published 29 Nov, 2005 12:00am
Book published

Book published

Young journalist, columnist, and feature writer Mubeen Rasheed's first Column Book has published with the name "Pakistan Zinda Rahega".
Published 29 Nov, 2005 12:00am
EPB seminar on anti-dumping today

EPB seminar on anti-dumping today

The Export Promotion Bureau (EPB) has arranged a daylong seminar on anti-dumping issues regarding textile exports to the United States and European Union countries on Tuesday (November 29).
Published 29 Nov, 2005 12:00am
Tuberculosis rising among women residing in congested areas

Tuberculosis rising among women residing in congested areas

Due to lacking proper diet, and neat and clean environment, the disease of tuberculosis (TB) is on the rise among women, particularly, residing in congested and walled areas as more and more TB cases are being reported to different city hospitals.
Published 29 Nov, 2005 12:00am
'Steps being taken for labour welfare'

'Steps being taken for labour welfare'

NWFP Minister for Industries, Labour, Law and Parliamentary Affairs Malik Zafar Azam has said that labour community played a key role in the overall development of any country and MMA government was taking all out steps for its well-being and betterment.
Published 29 Nov, 2005 12:00am
Wheat release to flour mills demanded

Wheat release to flour mills demanded

Pakistan Flour Mills Association (PFMA), Punjab Branch, has asked the government to immediately release wheat from government godowns to flour mills so as to check the increasing prices of wheat flour.
Published 29 Nov, 2005 12:00am
More programmes for special children soon

More programmes for special children soon

More awareness programmes are being planned for special children in the provincial capital to provide grater opportunities to them to interact with each other and to demonstrate their artistic skills and talent.
Published 29 Nov, 2005 12:00am
Yorkshire Police team visits NH&MP office

Yorkshire Police team visits NH&MP office

National Highways and Motorway Police and South Yorkshire Police, UK are streamlining new parameters in mutual training. This was stated by Inspector General of Police (NH&MP) Ahmad Nasim in a meeting with South Yorkshire Police delegation, which visited
Published 29 Nov, 2005 12:00am
Prime Minister's stance at Commonwealth meeting lauded

Prime Minister's stance at Commonwealth meeting lauded

Federal Food Minister Sikandar Hayat Bosan has hailed the Prime Minister's call in the recently held Commonwealth Summit for meaningful market access and cutting down of agriculture subsidies for the promotion of free trade.
Published 29 Nov, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am
Centers to assess tax officials performance planned

Centers to assess tax officials performance planned

The Central Board of Revenue (CBR) has decided to set up 'Assessment Development Centers' for weighing the performance of tax officials to be posted at the specialised positions of newly reformed units.
Published 29 Nov, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am
Fear prevails in quake zone as snowfall sets in

Fear prevails in quake zone as snowfall sets in

Upcoming cold weather is feared to play havoc with the devastating earthquake survivors in Azad Jammu and Kashmir and Hazara Division of NWFP, if shelters were not provided to them in time.
Published 29 Nov, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am
Project to check water quality in rivers launched

Project to check water quality in rivers launched

Pakistan Council for Research in Water Resources (PCRWR) has launched 1.33 million euros European Union-funded project to determine and monitor water quality in small rivers.
Published 29 Nov, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am
Mild quake jolts Quetta

Mild quake jolts Quetta

A mild earthquake measuring 4.7 on the Richter scale jolted south-western Pakistan on Monday but there were no casualties, officials said. Tremors were felt at 10:36 am (0536 GMT) in Quetta, the capital of Balochistan province, which borders Iran, seismol
Published 29 Nov, 2005 12:00am
PRAL ToR being prepared

PRAL ToR being prepared

The Central Board of Revenue (CBR) is preparing the "Terms of Reference (ToR)" for the Pakistan Revenue Automation Limited (PRAL) to identify clear role of this organisation in computerisation and maintenance of tax records.
Published 29 Nov, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am
EAD directed to finalise MoUs for donations

EAD directed to finalise MoUs for donations

The Government has directed the Economic Affairs Division (EAD) to formally sign Memorandums of Understanding (MoUs) with the respective embassies which made pledges for reconstruction and rehabilitation in the earthquake affected areas in NWFP and Azad J
Published 29 Nov, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (November 28, 2005).

Published 29 Nov, 2005 12:00am