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May 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-05-15
Bonds market volatile on US data, high-yield hammered

Bonds market volatile on US data, high-yield hammered

European corporate bonds had a volatile session on Friday, jostled by US data, while the high-yield market took a battering on both sides of the Atlantic as investors continued to pull funds out of the asset class.
Published 15 May, 2004 12:00am
Bonds market volatile on US data, high-yield hammered

Bonds market volatile on US data, high-yield hammered

European corporate bonds had a volatile session on Friday, jostled by US data, while the high-yield market took a battering on both sides of the Atlantic as investors continued to pull funds out of the asset class.
Published 15 May, 2004 12:00am
Oil at $41 all-time high on persistent supply fear

Oil at $41 all-time high on persistent supply fear

Oil prices hit an all-time record on Friday fuelled by global economic growth and enduring worries that gasoline supplies will struggle to meet peak summer demand in the United States.
Published 15 May, 2004 12:00am
Brazil biotech food bill set for debate

Brazil biotech food bill set for debate

A bill to regulate research, production and sale of genetically modified (GMO) food is due for debate in Brazil's Senate next week, the government's Senate leader, Aloizio Mercadante, said Friday.
Published 15 May, 2004 12:00am
London coffee ends down on origin selling

London coffee ends down on origin selling

London coffee futures closed lower on Friday under origin pressure and with structural trade accounting for a significant part of the volume, dealers said.
Published 15 May, 2004 12:00am
Oil prices hit 21-year high

Oil prices hit 21-year high

Oil prices vaulted to a 21-year high on Friday on fears that supplies, already stretched by world economic expansion, could be hit by an attack on Middle East oil facilities.
Published 15 May, 2004 12:00am
Oil prices hit 21-year high

Oil prices hit 21-year high

Oil prices vaulted to a 21-year high on Friday on fears that supplies, already stretched by world economic expansion, could be hit by an attack on Middle East oil facilities.
Published 15 May, 2004 12:00am
London sugar ends mixed

London sugar ends mixed

London sugar futures closed mixed on Friday on trade buying and modest fund selling with the market seen consolidating in a range on hopes of further off-take.
Published 15 May, 2004 12:00am
Europe gold perks up after US inflation data

Europe gold perks up after US inflation data

Gold made it back into positive territory in Europe on Friday afternoon when the dollar slipped after US consumer inflation was fairly modest, but the precious metal remained within its recent range, traders said.
Published 15 May, 2004 12:00am
LME metals close firmer in thin, sideways trade

LME metals close firmer in thin, sideways trade

Base metals finished firmer on the London Metal Exchange (LME) on Friday buoyed by upbeat industrial output data from the United States, however business was thin and the longer term direction was unclear, traders and analysts said.
Published 15 May, 2004 12:00am
US MIDDAY: sugar firms on small speculators

US MIDDAY: sugar firms on small speculators

CSCE raw sugar futures ended higher Friday on buying by the trade and small speculators, with operators saying they were uncertain about the market's next move going into next week.
Published 15 May, 2004 12:00am
US MIDDAY: corn futures down

US MIDDAY: corn futures down

Chicago Board of Trade corn futures fell sharply on Friday, pressured by continued good US crop weather and a sell-off in neighbouring soybean futures, traders said.
Published 15 May, 2004 12:00am
US MIDDAY: soyabeans sink on speculative sales

US MIDDAY: soyabeans sink on speculative sales

Chicago Board of Trade soyabeans fell on Friday on heavy speculative sales, nearly ideal US crop weather and a slight cutback in domestic crush, brokers said.
Published 15 May, 2004 12:00am
US MIDDAY: copper lower in volatile trade

US MIDDAY: copper lower in volatile trade

COMEX copper futures closed mostly a touch softer Friday in thin but volatile trade in which prices briefly surged higher on a rumour of a supply disruption in Indonesia, traders said.
Published 15 May, 2004 12:00am
US MIDDAY: gold up in see-saw trade on economic report

US MIDDAY: gold up in see-saw trade on economic report

COMEX gold rose in see-saw trade Friday morning as another economic report pointed to mounting inflation pressures, but wavered as the dollar tried to rally back in activity reminiscent of Thursday's pattern.
Published 15 May, 2004 12:00am
Iran's natural gas exports still in doldrums

Iran's natural gas exports still in doldrums

When Iran shut down its pearl fishing industry in 1997 it knew the shallow waters of the Gulf still concealed two lucrative exports -- shrimps and the world's largest reservoir of natural gas.
Published 15 May, 2004 12:00am
Porous China border tempts North Korean refugees

Porous China border tempts North Korean refugees

They met as children diving for fish when their countries, China and North Korea, touted a relationship as close as "lips and teeth" and when neither thought getting rich was glorious.
Published 15 May, 2004 12:00am
Will India be ever shining?

Will India be ever shining?

Running close to the end of the elections, the BJP-led National Democratic Alliance has not been able to secure a majority in the 543-member parliament and Atal Behari Vajpayee has thus stepped down as the Indian Prime Minister.
Published 15 May, 2004 12:00am
Accountability

Accountability

It is interesting to read Ferozuddin Ahmed Faridi's article on Accountability (BR, April 28). This analysis is generally correct. Another name for IT is homeostasis ie an organisms capacity to regulate itself in consonance with the laws of nature.
Published 15 May, 2004 12:00am
Understanding SAFTA: gains or losses

Understanding SAFTA: gains or losses

South Asian Association for Regional Co-operation (SAARC), was established in 1985. The SAARC's member countries are India, Pakistan, Sri Lanka, Nepal, Bhutan, and the Maldives.
Published 15 May, 2004 12:00am
BRIDGE NOTES: The debacle that haunted Rixi Markus

BRIDGE NOTES: The debacle that haunted Rixi Markus

The bridge history has known Rixi Markus, as devout bridge lover who chose to embrace bridge career for life in preference to studies in music and classical literature. Having migrated from Austria to England just before the World War II, she became a Bri
Published 15 May, 2004 12:00am
New hope for agriculture

New hope for agriculture

It is heartening to learn from a Business Recorder report from Islamabad that the government has given initial approval to Rs 3.1189 billion Public Sector Development Programme (PSDP) for the Ministry of Food, Agriculture and Livestock (Minfal), wi
Published 15 May, 2004 12:00am
TV REVIEW: Of Santosh Kumar, Raquel Welch and Renuka Shahaney!

TV REVIEW: Of Santosh Kumar, Raquel Welch and Renuka Shahaney!

If one were to go along with the premise that we now live in a frightening world that is far more political than ever before, especially post 9/11, then there would be the natural result: a political context and a non-political context for television too.
Published 15 May, 2004 12:00am
The surprise verdict

The surprise verdict

The comprehensive defeat of the BJP-led NDA in the Indian elections is being variously described as 'shocking', 'stunning', 'surprising' and 'unexpected'.
Published 15 May, 2004 12:00am
SPORTS WORLD: Injuries and sports medicine

SPORTS WORLD: Injuries and sports medicine

Injuries to sportsmen are caused by sudden and unaccustomed exercises by training too hard, of course, after a lapse of longer period, for an event. These injuries occur when the body was asked to do beyond its limitations.
Published 15 May, 2004 12:00am
SCBA seminar on May 22

SCBA seminar on May 22

Supreme Court Bar Association (SCBA) will hold a seminar on "Access to Justice and Alternate Dispute Resolutions" on May 22 at Supreme Court Building, Islamabad.
Published 15 May, 2004 12:00am
SPORTS WORLD: Constitution panel: a PCB illegality

SPORTS WORLD: Constitution panel: a PCB illegality

The Pakistan Cricket Board has announced the setting up of a constitution commission to find out the anomalies and gaps in the clauses of the present document and chalk out a new one.
Published 15 May, 2004 12:00am
SPORTS WORLD: A full-scale probe into cricket debacle needed

SPORTS WORLD: A full-scale probe into cricket debacle needed

After long waiting the cricket board decision on the 'Rawalpindi Express', Shoaib Akhtar, has been announced and as per media report he has been absolved from the charge of misdeamour on the cricket field during the third Test against India. The speedster
Published 15 May, 2004 12:00am
NIRC working sans chairman and members

NIRC working sans chairman and members

The National Industrial Relations Commission (NIRC), the apex judicial body of the country, has almost been non-functional as the government is unable to appoint its Chairman and other members, Business Recorder reliably learnt here on Thursday.
Published 15 May, 2004 12:00am
Nims organises annual open house

Nims organises annual open house

The Nust Institute on Management Sciences (Nims) organised Annual Open House-2004 at its campus here to provide common platform understanding between industry and future economic managers.
Published 15 May, 2004 12:00am
Family physician's role in healthcare

Family physician's role in healthcare

Throughout the world, governments have an interest in the health of their people. At the same time, whatever their level of resources and development, all governments recognize that healthcare costs must be constrained and they have to seek ways of ensuri
Published 15 May, 2004 12:00am
Pakistan's efforts in war against terrorism praised

Pakistan's efforts in war against terrorism praised

Ambassador Ashraf Jehangir Qazi held a meeting with Congressman Elton Gallegly (R-CA) to discuss Pakistan-US bilateral relations, assistance allocations for Pakistan and non-proliferation.
Published 15 May, 2004 12:00am
Revisiting China

Revisiting China

In pursuance of the celebrated Hadith that enjoins "Seek knowledge even unto China", I have visited the People's Republic of China many a times. My first visit to this great country was in 1969 when I stayed in Shanghai for about three months as a trainee
Published 15 May, 2004 12:00am
Imran due in Washington on May 15

Imran due in Washington on May 15

Tehreek-e-Insaaf leader Imran Khan is scheduled to arrive here on Saturday (May 15), on a two-day visit of Washington and New York to raise funds for Shaukat Khanum Memorial Trust Hospital.
Published 15 May, 2004 12:00am
CAPITAL CULTURAL SCENE: Press Freedom Day observed

CAPITAL CULTURAL SCENE: Press Freedom Day observed

The pace of life has accelerated to such an extent that one wishes that there were thirty-six hours days replacing the twenty-four hour stalemate. The 'What's on' section of the newspaper shows nth number of activities happening simultaneously and one is
Published 15 May, 2004 12:00am
Congressman lauded for highlighting HR abuses in IOK

Congressman lauded for highlighting HR abuses in IOK

Members of the board of directors of the newly-established Pakistani American Liaison Center (PALC) have commended Congressman Dan Burton for holding a Congressional sub-committee hearing on human rights abuses in occupied Kashmir.
Published 15 May, 2004 12:00am
Special needs of a child for proper growth

Special needs of a child for proper growth

Poor food and frequent infection lead to malnutrition and hold back the physical and mental development of a child. Parents can prevent such condition of a child even in low income communities - if they know about the special needs of the child and are su
Published 15 May, 2004 12:00am
BPLC to bring Pakistani and UK lawyers together: Maleeha

BPLC to bring Pakistani and UK lawyers together: Maleeha

British Pakistan Law Council (BPLC), which was launched here on late Thursday, would bring together the legal communities of England and Pakistan, said Islamabad's envoy to London Dr Maleeha Lodhi.
Published 15 May, 2004 12:00am
Mothers' Day - stocktaking of attitude towards elders

Mothers' Day - stocktaking of attitude towards elders

How much one loves his/her mother and how much she responds to the love and affection she receives from her children is a perpetual debate -endlessly engaging and inconclusive so far.
Published 15 May, 2004 12:00am
Aliens registration in tribal area delayed

Aliens registration in tribal area delayed

Registration of foreign militants in tribal region appears to have been delayed. Amnesty proceedings for suspected foreign militants hiding in a tribal region near the Afghan border have been postponed to give the foreigners more time to register, a triba
Published 15 May, 2004 12:00am
Putting it all together - Jimmy Engineer

Putting it all together - Jimmy Engineer

The concept of walking for causes is a popular practice in Europe where huge events are planned in aid of various charities. In Chicago, 2002, it happened that on a pleasant Autumn afternoon, so many people turned up to walk for the causes of The Lung Ass
Published 15 May, 2004 12:00am
US official for more visas for Pakistanis this year

US official for more visas for Pakistanis this year

Maura Harty, US Assistant Secretary of State, Bureau of Consular Affairs on Friday said that US Embassy's target this year was to issue more visas to Pakistanis as compared to last year.
Published 15 May, 2004 12:00am
'Axis of Evil' retaliates

'Axis of Evil' retaliates

President Bush declared a few states as "Axis of Evil Powers". Iraq was one of them - not to name Iran, Syria, Libya and North Korea. The US President off and on accused Iraq of possessing weapons of mass destruction (WMD) and harbouring terrorists. US mi
Published 15 May, 2004 12:00am
'Tribal chamber to bring industrial revolution in Fata'

'Tribal chamber to bring industrial revolution in Fata'

Haji Ghulam Ali, the convenor of the newly-formed Tribal Chamber of Commerce and Industry (TCCI) has said that the body would make efforts for industrialisation in the Federally Administered Tribal Area (Fata) and Provincially Administered Tribal Area (Pa
Published 15 May, 2004 12:00am
CURRENT TOPICS: Gundum, Atta aur Roti

CURRENT TOPICS: Gundum, Atta aur Roti

It is sensible not to put all your eggs in one basket or count your chicken before they are hatched. Also wise men do not waste their time solving the mystery of "what came first - the chicken or the egg?" Speaking of the eggs and the chicken a connoisseu
Published 15 May, 2004 12:00am
US-Pakistani allowed to go abroad

US-Pakistani allowed to go abroad

Justice Tassadaq Hussain Gillani of the Lahore High Court on Friday allowed one-time permission to a Pakistani-American to go abroad.
Published 15 May, 2004 12:00am
Homeless people - the way they were

Homeless people - the way they were

Homeless people sleeping under the shades of tree, that line main city roads, look like mummified corpses enveloped in weather-beaten brownish cotton sheets soiled in Karachi's ever present fine dust particles. It seems as if these homeless people have be
Published 15 May, 2004 12:00am
Nadra to set up 20 more NSRCs in two months

Nadra to set up 20 more NSRCs in two months

National Database and Registration Authority (Nadra) will set up 27 more National Swift Registration Centres (NSRCs) within the next two months, bringing the total number of Swift Centers to 200 across the country.
Published 15 May, 2004 12:00am
The Weather

The Weather

The weather report on Friday (May 14) and the forecast for Saturday (May 15, 2004).
Published 15 May, 2004 12:00am
Kyrgyzstan team

Kyrgyzstan team

Speaker Punjab Assembly Chaudhry Muhammad Afzal Sahi received a nine-member delegation of parliamentarians of Kyrgyzstan at Lahore airport, on Friday.
Published 15 May, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 15 May, 2004 12:00am
Demands of daily-wage BISE employees accepted

Demands of daily-wage BISE employees accepted

Punjab Education Minister Mian Imran Masood, while accepting long standing demand of daily-wage employees of the Board of Intermediate and Secondary Education Lahore, has announced their regularisation on extendable contract according to the government ru
Published 15 May, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 15 May, 2004 12:00am
Key stock market movements at 1700 GMT on May 14

Key stock market movements at 1700 GMT on May 14

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 15 May, 2004 12:00am
Pakistan urged to diversify exports to Belgium

Pakistan urged to diversify exports to Belgium

Abid M Hussain, Belgian Trade Commissioner in Pakistan, has called for diversification of Pakistan's exports to Belgium, which is an excellent transit point to Europe.
Published 15 May, 2004 12:00am
Four transport companies to start bus services soon

Four transport companies to start bus services soon

Under the Punjab government's franchised scheme, four more new transport companies would start its bus services at various routes of the city in a few months, while similar bus services would also be available at other cities.
Published 15 May, 2004 12:00am
NCE to start mock trading in June

NCE to start mock trading in June

The National Commodity Exchange will start mock trading in early June after providing requisite training to members. The training will begin on May 24 and may require up to two weeks to complete.
Published 15 May, 2004 12:00am
Tajik president praises uplift work

Tajik president praises uplift work

Punjab Chief Minister Chaudhry Pervaiz Elahi in a meeting with Tajikistan President Emomali Sharipovich Rahmonov here on Friday, has said that with opening of Tajik embassy here, relations between two countries will be strengthened.
Published 15 May, 2004 12:00am
Mazari-Dreshak clash: case registered against 100

Mazari-Dreshak clash: case registered against 100

Rajanpur police have registered a case against 100 persons, including Sardar Atif Mazari, nephew of Sardar Shaukat Mazari, deputy speaker of the Punjab Assembly, and Sardar Chand Khan Dreshak, cousin of Sardar Hussain Bahadur Dreshak, finance minister of
Published 15 May, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (May 14) and rates for Saturday (May 15, 2004).
Published 15 May, 2004 12:00am
Pak-Kyrgyz parliamentary ties discussed

Pak-Kyrgyz parliamentary ties discussed

Speaker Kyrgyz Peoples Representative Assembly Borubaev Altai Asyikanovich on Friday discussed with Chairman Senate Mohammedmian Soomro the matters of mutual interest and bilateral relations with reference to promotion of parliamentary co-operation betwee
Published 15 May, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 14, 2004).
Published 15 May, 2004 12:00am
Pakistani investors asked to invest in Tajikistan

Pakistani investors asked to invest in Tajikistan

A five-member delegation of the Lahore Chamber of Commerce and Industry (LCCI) led by its Chief Mian Anjum Nisar called on the visiting Tajikistan President Emomali Rahmonov here at State Guest House on Friday.
Published 15 May, 2004 12:00am
PPPP meeting

PPPP meeting

A meeting of Information secretaries of PPPP Punjab which held here on Friday with secretary Information Navid Chaudhry in the chair, lamented administration hard tactics on the arrival of Shahbaz Sharif.
Published 15 May, 2004 12:00am
Hottest day in Lahore

Hottest day in Lahore

The Lahoriites witnessed the hottest day of the season on Friday, as mercury touched the mark of 44.7 Celsius degrees, confining them indoors, while the meteorological office has forecast more hot and dry weather in the coming days.
Published 15 May, 2004 12:00am
THE RUPEE: mixed trend on forex market

THE RUPEE: mixed trend on forex market

The demand for dollars persisted in the open market on Friday as the rupee extended its fall, shedding ten paisa for buying and selling at Rs 58.30 and Rs 58.35, dealers said.
Published 15 May, 2004 12:00am
25 motorcycles provided to Rawalpindi traffic police

25 motorcycles provided to Rawalpindi traffic police

Inspector General of Police, Punjab, Saadatullah Khan has provided 25 motorcycles to Rawalpindi traffic police to ensure smooth operation and implementation of traffic rules in the area.
Published 15 May, 2004 12:00am
THE RUPEE: mixed trend on forex market

THE RUPEE: mixed trend on forex market

The demand for dollars persisted in the open market on Friday as the rupee extended its fall, shedding ten paisa for buying and selling at Rs 58.30 and Rs 58.35, dealers said.
Published 15 May, 2004 12:00am
No injustice with any province on distribution of water: Memon

No injustice with any province on distribution of water: Memon

Chairman Parliamentary Committee for Water Resources, Nisar A. Memon has said that the committee would prepare its recommendations taking all the stakeholders into confidence, and justice would be done with all the provinces in water distribution.
Published 15 May, 2004 12:00am
Jamali condemns killing in Lahore

Jamali condemns killing in Lahore

Prime Minister Mir Zafarullah Khan Jamali on Friday strongly condemned the dastardly act of terrorism in Lahore where unknown terrorists killed six members of a family.
Published 15 May, 2004 12:00am
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