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May 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-04-26
Cyprus vote seen having limited impact on stocks

Cyprus vote seen having limited impact on stocks

Turkish and Greek financial markets will not react sharply to the failure of the referendum to reunify Cyprus, as the opposing views of the Greek Cypriots and the Turkish Cypriots were already priced in, brokers said.
Published 26 Apr, 2004 12:00am
Taiwan stocks seen wary on Sars worries

Taiwan stocks seen wary on Sars worries

Taiwan stocks could face headwinds this week as renewed worries over fresh cases of the deadly Sars virus in China threaten to offset optimism of strong quarterly earnings by companies, analysts said.
Published 26 Apr, 2004 12:00am
Indian shares seen slipping on elections

Indian shares seen slipping on elections

Indian shares are seen slipping this week, after a short rally on robust quarterly earnings, as investors await results of the ongoing general election.
Published 26 Apr, 2004 12:00am
Nikkei to test 12,200 on earnings optimism

Nikkei to test 12,200 on earnings optimism

Japanese shares are expected to rise in a shortened session this week, with investors expecting strong earnings reports from major companies to underline their optimism about Japan Inc.
Published 26 Apr, 2004 12:00am
Dollar to refocus on interest rates

Dollar to refocus on interest rates

The US dollar will likely refocus on interest rates and the economy when foreign exchange markets open on Monday after top finance officials at the weekend stuck to old verbiage on currencies.
Published 26 Apr, 2004 12:00am
South African investors to focus on gold miners

South African investors to focus on gold miners

The Johannesburg bourse this week will focus on big South African gold miners including Harmony and AngloGold, expected to post soft earnings as they kick off the reporting season for bullion producers.
Published 26 Apr, 2004 12:00am
Chinese central bank sees more flexible yuan

Chinese central bank sees more flexible yuan

China is trying to improve its yuan exchange rate mechanism and aims to make the currency more flexible in the medium to long term, the official Xinhua news agency said.
Published 26 Apr, 2004 12:00am
FTSE-100 seen stalling as results flood in

FTSE-100 seen stalling as results flood in

The FTSE-100 is likely to stay near 4,600 points this week after hefty gains in April as investors face a welter of results and shareholder meetings from nearly a quarter of the blue chip index, including BP.
Published 26 Apr, 2004 12:00am
ABN Amro to sell Thai bank stake

ABN Amro to sell Thai bank stake

Dutch Bank ABN Amro has picked Singapore's United Overseas Bank Ltd as the winning bidder to buy its 88.77 percent stake in Thailand's Bank of Asia PCL, the Thai bank said on Sunday.
Published 26 Apr, 2004 12:00am
ABN Amro to sell Thai bank stake

ABN Amro to sell Thai bank stake

Dutch Bank ABN Amro has picked Singapore's United Overseas Bank Ltd as the winning bidder to buy its 88.77 percent stake in Thailand's Bank of Asia PCL, the Thai bank said on Sunday.
Published 26 Apr, 2004 12:00am
Eurostocks: oils and drugs eyed as earnings pour in

Eurostocks: oils and drugs eyed as earnings pour in

Investors are braced for a rush of European earnings this week with heavily weighted oil majors BP and Royal Dutch/Shell and drug makers GlaxoSmithKline and AstraZeneca centrestage.
Published 26 Apr, 2004 12:00am
Profits may lift US stocks, but rate fears nag

Profits may lift US stocks, but rate fears nag

US stocks look set to rise again this week, but only if the stellar first-quarter earnings season continues and investors overcome their fears of higher interest rates.
Published 26 Apr, 2004 12:00am
Germany wants new EU treaty even if some vote no

Germany wants new EU treaty even if some vote no

German Chancellor Gerhard Schroeder was quoted on Saturday as saying the EU had to find a way for its planned constitutional treaty to enter into force even if Britain or other countries failed to ratify it.
Published 26 Apr, 2004 12:00am
African ministers to meet IMF front-runner

African ministers to meet IMF front-runner

African finance ministers will meet with former Spanish Finance Minister Rodrigo Rato, the front-runner for the top job at the International Monetary Fund, in Washington on Sunday, Sudan's finance minister said.
Published 26 Apr, 2004 12:00am
US, UK, Canada and Australia to link in tax-dodge fight

US, UK, Canada and Australia to link in tax-dodge fight

The United States, Britain, Canada and Australia are setting up a new international taskforce to fight tax avoidance which may be up and running by the summer, UK government sources said on Friday.
Published 26 Apr, 2004 12:00am
Tehran's new airport opening delayed

Tehran's new airport opening delayed

The new Tehran international airport, already a financial pit, has seen its opening delayed again until May, officially because a rise in the price of jet fuel has sparked a row with airlines.
Published 26 Apr, 2004 12:00am
Google IPO expected as filing deadline nears

Google IPO expected as filing deadline nears

Google, the world's No 1 Web search provider, faces a regulatory deadline that is expected to force the notoriously idiosyncratic company to open its books as soon as next week and could trigger its long-anticipated debut as a public company.
Published 26 Apr, 2004 12:00am
Google IPO expected as filing deadline nears

Google IPO expected as filing deadline nears

Google, the world's No 1 Web search provider, faces a regulatory deadline that is expected to force the notoriously idiosyncratic company to open its books as soon as next week and could trigger its long-anticipated debut as a public company.
Published 26 Apr, 2004 12:00am
Sony and others carry burden of expectations in 2004-05

Sony and others carry burden of expectations in 2004-05

Japanese consumer electronics makers are set to forecast a profit surge this year on strong demand for flat-panel TVs and other digital appliances, but those outlooks could still fall short of investor optimism.
Published 26 Apr, 2004 12:00am
Why China cannot easily cool an overheating economy

Why China cannot easily cool an overheating economy

The last time the Chinese economy overheated, in 1993, economic supremo Zhu Rongji fired the central bank chief and reportedly threatened to chop off the heads of unruly local officials.
Published 26 Apr, 2004 12:00am
Disabled teenager conquers North Pole

Disabled teenager conquers North Pole

A 15-year-old Pole has become the youngest disabled person to walk to the North Pole unaided, private news channel TVN24 said on Sunday.
Published 26 Apr, 2004 12:00am
Bangladesh opposition calls for two-day strike

Bangladesh opposition calls for two-day strike

Bangladesh's main opposition Awami League party has called for a two-day nationwide strike this week as part of its campaign to force Prime Minister Begum Khaleda Zia to resign.
Published 26 Apr, 2004 12:00am
Greek Cypriot leader says UN peace process flawed

Greek Cypriot leader says UN peace process flawed

Greek Cypriot leader Tassos Papadopoulos denied Sunday that he had deceived the international community by refusing to endorse a UN plan to reunify the island and alleged that the talks process had been riddled with flaws.
Published 26 Apr, 2004 12:00am
BJP facing tougher election than expected

BJP facing tougher election than expected

Prime Minister Atal Behari Vajpayee has admitted his Hindu nationalist-led coalition is facing a tougher challenge than expected in staggered Indian elections whose next round is due on Monday.
Published 26 Apr, 2004 12:00am
China reports four new Sars cases

China reports four new Sars cases

Four new suspected cases of the potentially deadly Sars disease have been reported in the Chinese capital, the health ministry said on Sunday, after the first reported death from the virus since a major outbreak last year.
Published 26 Apr, 2004 12:00am
Indian navy mulls buying warships

Indian navy mulls buying warships

India's naval chief Madhavendra Singh said Sunday the navy was mulling plans to buy warships from abroad due to a potential shortfall by domestic manufacturers in the next two years.
Published 26 Apr, 2004 12:00am
Co-operation with IAEA not only a one-way street: Iran

Co-operation with IAEA not only a one-way street: Iran

Iran pledge Sunday it was committed to co-operating with the UN's atomic energy watchdog to clear up international suspicions it is secretly developing nuclear weapons, but asserted it also expecting European powers to meet their commitments to the Islami
Published 26 Apr, 2004 12:00am
Sharon deputy says action on Arafat not imminent

Sharon deputy says action on Arafat not imminent

A deputy to Ariel Sharon said on Sunday there was no immediate plan to harm Palestinian President Yasser Arafat despite renewed threats by the Israeli prime minister.
Published 26 Apr, 2004 12:00am
Summit agrees to establish Earth monitoring system

Summit agrees to establish Earth monitoring system

Delegates at the Earth Observation Summit here Sunday agreed to create a global environmental monitoring system by 2014 that would help predict natural disasters, save lives and prevent billions of dollars in damage.
Published 26 Apr, 2004 12:00am
Protesters hurl eggs at French far-right chieftain

Protesters hurl eggs at French far-right chieftain

Protesters threw eggs at French far-right leader Jean-Marie Le Pen on Sunday as he travelled to northwest England to voice his support for Britain's own extreme-right party the BNP.
Published 26 Apr, 2004 12:00am
Heinz Fischer wins Austrian presidential election

Heinz Fischer wins Austrian presidential election

Socialist Heinz Fischer won the Austrian presidential vote on Sunday, defeating his conservative rival Foreign Minister Benita Ferrero-Waldner, according to official and media projections.
Published 26 Apr, 2004 12:00am
Aid workers return to North Korean blast site

Aid workers return to North Korean blast site

International aid agencies said Sunday they would return to the site of a devastating North Korean train blast, which killed at least 161 people, in an urgent effort to help the victims.
Published 26 Apr, 2004 12:00am
12 suspected fighters arrested in Kabul

12 suspected fighters arrested in Kabul

Afghan police in co-operation with Nato-led peace keepers arrested 12 members of a fundamentalist faction believed to be closely allied with the Taliban and al-Qaeda in Kabul, the deputy interior minister said Sunday.
Published 26 Apr, 2004 12:00am
Thousands march for women's rights in US

Thousands march for women's rights in US

Hundreds of thousands of women and a smattering of men from across the United States and dozens of other countries marched through the nation's most politically symbolic space Sunday in the largest women's rights protest in more than a decade.
Published 26 Apr, 2004 12:00am
Letter of thanks

Letter of thanks

All these existing distributors and others, who patronised us, selflessly gave us their valuable time, suggestions, held frank discussions and encouraged us to move ahead during in fancy stage of our company.
Published 26 Apr, 2004 12:00am
Brief Profile of Marva Beverages (Pvt) Limited

Brief Profile of Marva Beverages (Pvt) Limited

MARVA BEVERAGES (Pvt) Ltd was established with a vision to manufacture concentrate to be used in carbonated soft drinks, manufacturing of PET bottles and installing of soft drinks filling units under strict hygienic conditions equipped with adequate quali
Published 26 Apr, 2004 12:00am
Message from Marva Beverages (Pvt) Limited chairman

Message from Marva Beverages (Pvt) Limited chairman

It gives me great pleasure to announce that MARVA BEVERAGES (Private) Limited, has embarked upon to undertaken beverages business-cum-welfare venture with the sole objective to provide quality soft drinks to the consumers.
Published 26 Apr, 2004 12:00am
Message from Minister for Industries and Production

Message from Minister for Industries and Production

It gives me pleasure to congratulate Pakistan Council of Scientific and Industrial Research (PCSIR) for transferring formulation and process know how to Marva Beverages (Pvt) Ltd to produce carbonated drinks in different flavours.
Published 26 Apr, 2004 12:00am
Message from advisor to the Prime Minister on Science and Technology

Message from advisor to the Prime Minister on Science and Technology

I congratulate Pakistan Council of Scientific & Industries Research (PCSIR) Chairman, Dr Anwar-ul-Haq, his team of scientists and engineers & Mr M A. Rehmani, Chairman, Marva Beverages Private Limited and his team on the occasion of launching of carbonate
Published 26 Apr, 2004 12:00am
Message from Finance Minister

Message from Finance Minister

I am happy to learn that Pakistan Council of Scientific & Industries Research (PCSIR) is playing a proactive role in development of technology for industrial use to reduce our reliance on imports.
Published 26 Apr, 2004 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

One of the purposes of setting up the Pakistan Council for Scientific & Industrial Research (PCSIR) was to assist budding industrial concerns in solving their problems of research and development through indigenous solutions.
Published 26 Apr, 2004 12:00am
Politicians eye US youth vote, payoff may be slim

Politicians eye US youth vote, payoff may be slim

Republicans are courting young voters with cheerful appearances on MTV, and Democratic presidential contender John Kerry is visiting colleges with a campaign dubbed "Change Starts with U".
Published 26 Apr, 2004 12:00am
Oath-taking

Oath-taking

The newly-appointed member of the Punjab Public Service Commission (PPSC) Major Mohammad Akram (retd) took oath of his office at a ceremony held at Conference Room of PPSC here on Saturday.
Published 26 Apr, 2004 12:00am
A cancer that never was

A cancer that never was

He is about 70 and his movement from one place to another is rather restricted due to his obesity. Some months back, he had a persistent cough and an unresolved pneumonia, for more than a month. His treating physician had him have a CT scan, which showed
Published 26 Apr, 2004 12:00am
COT verses margin financing

COT verses margin financing

Various press reports indicate that the SEC, regulatory authority of Pakistan is contemplating phasing out/elimination of the present system of financing, prevailing in the stock exchanges in Pakistan, more popularly known as COT (Carry over Transaction)
Published 26 Apr, 2004 12:00am
Islamic art treasures in London exhibition

Islamic art treasures in London exhibition

Few exhibitions can lay claim to robes from Kazakhstan, portraits from Qajar Persia, diamond-encrusted tables from India and metalwork from Afghanistan.
Published 26 Apr, 2004 12:00am
Rangelands - a future hope for food security

Rangelands - a future hope for food security

Rangelands are the natural ecosystems, with enormous ecological, economic and cultural importance, providing the nation a number of products through negligible input.
Published 26 Apr, 2004 12:00am
A ray of hope

A ray of hope

It is unfortunate but true that a vast majority of our population has to face the pain of extreme poverty. A large number of families go hungry, move about barefooted and in rags, live in shanties, go without medicines when down with disease, send their c
Published 26 Apr, 2004 12:00am
Is all well at Karachi Fish Harbour?

Is all well at Karachi Fish Harbour?

That all does not appear to be going well at the Karachi Fish Harbour is indicated in a report, about a warning of strict action, which Sindh Fisheries Minister Sardar Manzoor Ali Khan Panwhar is stated to have given during a surprise visit to the fish ha
Published 26 Apr, 2004 12:00am
Review of the economy

Review of the economy

The nine-month review (July-March, 2004) of the economy released by the Government of Pakistan on 21st April underlines once again a steady improvement in most of the economic indicators.
Published 26 Apr, 2004 12:00am
Website on water resources to be launched on April 26

Website on water resources to be launched on April 26

Chairman Parliamentary Committee on Water Resources, Senator Nisar Memon will inaugurate the launching ceremony of Website of Parliamentary Committee on Water Resources on Monday.
Published 26 Apr, 2004 12:00am
Taxation, service matters dominate next Supreme Court week

Taxation, service matters dominate next Supreme Court week

Four benches - three full and one division strength - have been appointed by the Chief Justice Nazim Hussain Siddiqui to deal with the appeals in cases that dominate the taxation and service matters in the cause list for next judicial week.
Published 26 Apr, 2004 12:00am
Pak-India cricket teams to play in UAE

Pak-India cricket teams to play in UAE

The revitalised rivalry between India and Pakistan will be played out again in a day-night encounter for the record prize money of 100,000 dollars in Abu Dhabi on May 14.
Published 26 Apr, 2004 12:00am
Unisame team to discuss problems with KESC MD on April 26

Unisame team to discuss problems with KESC MD on April 26

The representatives of Union of Small and Medium Enterprises (Unisame) will meet Brigadier Tariq Saddozai, Managing Director (MD) of Karachi Electric Supply Corporation (KESC), and his team of engineers to discuss the difficulties being faced by the SMEs
Published 26 Apr, 2004 12:00am
200 Pakistani prisoners languishing in Alore transit camp

200 Pakistani prisoners languishing in Alore transit camp

More than 200 Pakistani prisoners are languishing in Alore transit camp of India even after completion of their term awarded by Indian courts, while hundreds other Pakistanis are forced to lead a miserable life in different Indian Jails, said Syed Ulfat H
Published 26 Apr, 2004 12:00am
Shariat Court moves to new premises

Shariat Court moves to new premises

Before it is officially inaugurated, the Federal Shariat Court has moved to new premises built at the Constitution Avenue.
Published 26 Apr, 2004 12:00am
Arabian Travel Mart begins on May 2

Arabian Travel Mart begins on May 2

Pakistan will participate in Arabian Travel Mart (ATM) commencing from May 2 in UAE, a meeting of the Pakistan Tourism Development Corporation (PTDC) chaired by its Managing Director Malik Mohammad Habib Khan was informed.
Published 26 Apr, 2004 12:00am
DEOs row hampers educational activities

DEOs row hampers educational activities

The educational activities here are suffering a lot as the seat of Assistant District Education Officer Kotri is lying vacant since the dispute between two education officers Kotri a week back.
Published 26 Apr, 2004 12:00am
Kashmiris reject sham polls: Sikandar

Kashmiris reject sham polls: Sikandar

Azad Jammu and Kashmir Prime Minister Sardar Sikander Hayat Khan said Kashmiris always rejected Indian's farcical elections with renewed commitment to get freedom from Indian's subjugation.
Published 26 Apr, 2004 12:00am
Pakistan participates in fashion show at Boao

Pakistan participates in fashion show at Boao

Pakistan and some other Asian countries took part in a grand firework and fashion show held on the sidelines of annual conference of the Boao Economic Forum in Hainan province.
Published 26 Apr, 2004 12:00am
Sindh to face acute wheat shortage

Sindh to face acute wheat shortage

One does not have to be an expert to know that Sindh will have to face acute shortage of wheat even on completion of harvesting season as this had been forewarned by all stakeholders, including growers' associations.
Published 26 Apr, 2004 12:00am
Traffic SP demands four speed radars

Traffic SP demands four speed radars

Superintendent of Traffic Police Zubair Hashmi has sent a requisition to the Ministry of Interior for approval of at least four speed radars to check over speeding, which is a major cause of road accidents in capital.
Published 26 Apr, 2004 12:00am
Philanthropists urged to help fight cancer

Philanthropists urged to help fight cancer

Punjab Special Education Minister Qudsia Lodhi has urged the rich and philanthropists to take an active part in the fight against diseases, especially cancer.
Published 26 Apr, 2004 12:00am
Photographic fair

Photographic fair

Photographic exhibition on 'American Roadside Architecture' will open here at Modern Art Gallery on Tuesday.
Published 26 Apr, 2004 12:00am
Commodity prices move both ways

Commodity prices move both ways

Commodities on the wholesale markets fluctuated both ways showing modest loss or gain during the work ended on April 24, 2004.
Published 26 Apr, 2004 12:00am
Documentary 'Listen to Children' launched

Documentary 'Listen to Children' launched

WWF-P in collaboration with the Forum of Environmental Journalists of Pakistan (FEJP) on Saturday launched its documentary titled 'Listen to Children' capturing inspiring stories from four South Asian countries on ensuring child participation.
Published 26 Apr, 2004 12:00am
WHO's anti-TB meeting begins on April 26

WHO's anti-TB meeting begins on April 26

The ninth meeting of National Managers of Tuberculosis Control Programme in Eastern Mediterranean Region will be held in Lahore from April 26 to 29, 2004.
Published 26 Apr, 2004 12:00am
Decision to return home final: Shahbaz

Decision to return home final: Shahbaz

Former Punjab chief minister Shahbaz Sharif in his telephonic conversation with the parliamentarians of PML-N Lahore has said that his decision to return to the country was final and irreversible.
Published 26 Apr, 2004 12:00am
Computerised ticketing on 40 trains

Computerised ticketing on 40 trains

Pakistan Railways (PR) has completed computerised ticketing on as many as 40 trains on it's computer network in an attempt to provide computerised ticketing on all reserved seats.
Published 26 Apr, 2004 12:00am
Rana made Muslim Insurance Company chief executive

Rana made Muslim Insurance Company chief executive

Arshad P. Rana, a senior expert in insurance industry, has been appointed as the chief executive of Muslim Insurance Company Limited. Rana has been working with the company on key positions for the last 13 years.
Published 26 Apr, 2004 12:00am
Rana made Muslim Insurance Company chief executive

Rana made Muslim Insurance Company chief executive

Arshad P. Rana, a senior expert in insurance industry, has been appointed as the chief executive of Muslim Insurance Company Limited. Rana has been working with the company on key positions for the last 13 years.
Published 26 Apr, 2004 12:00am
Ginners push cotton prices up

Ginners push cotton prices up

Scenario change in world cotton prices came to ginners rescue who in order to measure buyers' will pushed prices higher during the week ended on April 24, 2004. But it worked only partially as buying support contracted to modest size at intervals, sources
Published 26 Apr, 2004 12:00am
Hamdard convocation

Hamdard convocation

The convocation of Hamdard University is being held on Monday.
Published 26 Apr, 2004 12:00am
623 Pakistanis released from Muscat jails arrive

623 Pakistanis released from Muscat jails arrive

Another batch of 623 Pakistani prisoners, released from the Muscat jails, reached home on Sunday morning with the hectic efforts and support of the Ansar Burney Welfare Trust International and the Foreign Affairs and Interior ministries.
Published 26 Apr, 2004 12:00am
Acid-throwing accused remanded in police custody

Acid-throwing accused remanded in police custody

Police have been granted three days' physical remand of the culprit and are searching for the other accused involved in injuring three members of a family by throwing acid.
Published 26 Apr, 2004 12:00am
Zakariya Express escapes accident

Zakariya Express escapes accident

Multan bound Zakariya Express narrow escaped from catastrophic mishap when a tractor trolly jammed at an unmanned level crossing near Raja Ram railway station some 50 miles from here on Sunday.
Published 26 Apr, 2004 12:00am
Call for enforcing environment law

Call for enforcing environment law

Punjab Environment Minister Makhdoom Ishfaq Ahmed has stressed the need for vigorously implementing Environment Protection Act, 1997, in the province.
Published 26 Apr, 2004 12:00am
Prisoner dies

Prisoner dies

A 22-year old under-trial prisoner Muhammad Suhail of new central jail died of heart attack in new Nishtar Hospital Multan here on Sunday. He was recently shifted to Multan from District jail Toba Tek Singh.
Published 26 Apr, 2004 12:00am
Eid-e-Milad arrangements finalised

Eid-e-Milad arrangements finalised

The government has finalised the arrangements to celebrate the upcoming Eid-e-Milad-un Nabi with great religious zeal and fervour and people were asked to take into consideration the teachings of the Holy Prophet on this auspicious occasion.
Published 26 Apr, 2004 12:00am
Over Rs 1 billion being spent on treatment of workers

Over Rs 1 billion being spent on treatment of workers

The Punjab Labour Department on the special directive of chief minister is spending a huge amount of over Rs 1 billion on specialised medical treatment of its secured workers across the province.
Published 26 Apr, 2004 12:00am
Moot on automobiles on May 12

Moot on automobiles on May 12

First-ever conference on automobile and financing will be held at a local hotel on May 12.
Published 26 Apr, 2004 12:00am
Soomro seeks private sector help

Soomro seeks private sector help

Senate Chairman Mohammedmian Soomro has urged the private sector entrepreneurs to come forward and supplement the government efforts in making national development.
Published 26 Apr, 2004 12:00am
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