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Print - 2004-07-17
Pentagon overhauls prisoner policy

Pentagon overhauls prisoner policy

The Pentagon said on Friday it was overhauling how it deals with its detainees amid a scandal over the abuse of prisoners held by the US military.
Published 17 Jul, 2004 12:00am
Natwar coming on July 19

Natwar coming on July 19

Indian External Affairs Minister Natwar Singh will leave for Islamabad on Monday (July 19) to attend two-day Saarc council of ministers meeting, during which he is expected to have bilateral interaction with Foreign Minister Khurshid Mehmood Kasuri.
Published 17 Jul, 2004 12:00am
Natwar coming on July 19

Natwar coming on July 19

Indian External Affairs Minister Natwar Singh will leave for Islamabad on Monday (July 19) to attend two-day Saarc council of ministers meeting, during which he is expected to have bilateral interaction with Foreign Minister Khurshid Mehmood Kasuri.
Published 17 Jul, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
EPZ to be set up near Quetta

EPZ to be set up near Quetta

Federal Minister for Production Liaquat Ali Jatoi here on Friday announced setting up of Export Processing Zone (EPZ) near Quetta and hoped that the local entrepreneur would avail this opportunity and invest in different export oriented industries.
Published 17 Jul, 2004 12:00am
'Corporate governance code ensures best practices'

'Corporate governance code ensures best practices'

SECP Commissioner Etrat Hussain Rizvi said here on Friday that the Code of Corporate Governance had proved useful in improving the transparency and was also beneficial in establishing best practices internationally acknowledged over the last two years at
Published 17 Jul, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Albaraka Bank assigned A-, A1 ratings

Albaraka Bank assigned A-, A1 ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'A-' (single A minus), and a short-term rating of 'A1' (A One) to Albaraka Islamic Bank B.S.C., E.C. (Pakistan branches).
Published 17 Jul, 2004 12:00am
Albaraka Bank assigned A-, A1 ratings

Albaraka Bank assigned A-, A1 ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'A-' (single A minus), and a short-term rating of 'A1' (A One) to Albaraka Islamic Bank B.S.C., E.C. (Pakistan branches).
Published 17 Jul, 2004 12:00am
18 rockets fired at Mirani Dam base camp

18 rockets fired at Mirani Dam base camp

Unknown terrorists rained rockets at the base camp of Mirani Dam near Turbat in the small hours on Friday. There was no casualty but the mess of the camp was damaged.
Published 17 Jul, 2004 12:00am
18 rockets fired at Mirani Dam base camp

18 rockets fired at Mirani Dam base camp

Unknown terrorists rained rockets at the base camp of Mirani Dam near Turbat in the small hours on Friday. There was no casualty but the mess of the camp was damaged.
Published 17 Jul, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Worldcall to start telephony operation in a month

Worldcall to start telephony operation in a month

Worldcall, first private sector telecom operators in the country, has announced to start its local as well as long distance telephony operations within one month with a tariff less than the newly announced PTCL tariff.
Published 17 Jul, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Investment banks urged to open up on bonuses

Investment banks urged to open up on bonuses

Investment banks must be more transparent about the methods they use to calculate bonuses if they are to avoid further headline-grabbing accusations of sex discrimination, industry experts say.
Published 17 Jul, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Euro zone June inflation rate confirmed at 2.4 percent

Euro zone June inflation rate confirmed at 2.4 percent

Euro zone June consumer prices were flat compared with the previous month and rose 2.4 percent from a year earlier, according to data on Friday that was in line with economists' expectations.
Published 17 Jul, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 17 Jul, 2004 12:00am
US Senate passes historic tobacco bill

US Senate passes historic tobacco bill

The Senate overwhelmingly approved a landmark tobacco deal on Thursday to give the Food and Drug Administration long-sought power to regulate cigarettes and give $12 billion in aid to tobacco farmers.
Published 17 Jul, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Jul, 2004 12:00am
IBM sees improved spending on tech, profit rises

IBM sees improved spending on tech, profit rises

IBM on Thursday reported its sixth consecutive quarterly rise in profit, as strength in computer hardware and services largely shielded it from the shortfalls that hit other technology companies.
Published 17 Jul, 2004 12:00am
IBM sees improved spending on tech, profit rises

IBM sees improved spending on tech, profit rises

IBM on Thursday reported its sixth consecutive quarterly rise in profit, as strength in computer hardware and services largely shielded it from the shortfalls that hit other technology companies.
Published 17 Jul, 2004 12:00am
Singapore bunker fuel prices flat

Singapore bunker fuel prices flat

Singapore bunker prices for fuel oil were mostly flat on Friday despite firmer cargo prices and growing demand as traders said the market stayed a washed in supply.
Published 17 Jul, 2004 12:00am
Japanese government report urges more FTAs with Asia

Japanese government report urges more FTAs with Asia

Japan should actively pursue free trade agreements (FTA) with other Asian countries to reap the benefits of closer economic ties with the region, a government report said on Friday.
Published 17 Jul, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 68,565 tonnes of cargo including 50,115 tonnes import and 18,450 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.
Published 17 Jul, 2004 12:00am
Requirements for Indian visa announced

Requirements for Indian visa announced

The Indian High Commission has made arrangements with two courier services to receive and collect visa applications from Pakistanis as well as foreigners wishing to visit India and also spelled out details of documents to accompany the applications.
Published 17 Jul, 2004 12:00am
Typhoon shuts China's Huangpu port

Typhoon shuts China's Huangpu port

Huangpu, China's largest fuel oil import terminal, has been shut due to a typhoon, causing all vessels to cease operations, Chinese shipping sources said on Friday.
Published 17 Jul, 2004 12:00am
Requirements for Indian visa announced

Requirements for Indian visa announced

The Indian High Commission has made arrangements with two courier services to receive and collect visa applications from Pakistanis as well as foreigners wishing to visit India and also spelled out details of documents to accompany the applications.
Published 17 Jul, 2004 12:00am
Taiwan buys Australian wheat

Taiwan buys Australian wheat

The Taiwan Flour Mills Association said on Friday it had sealed a deal with Australia's AWB Ltd for 17,750 tonnes of hard wheat, its second purchase of Australian wheat this year, said an official at the association.
Published 17 Jul, 2004 12:00am
Shujaat calls for saving youth from sectarianism

Shujaat calls for saving youth from sectarianism

Prime Minister Shujaat Hussain on Friday expressed concern over the younger generation becoming victim of sectarianism, and appealed to the society to rescue them.
Published 17 Jul, 2004 12:00am
China's summer grain output up

China's summer grain output up

China's summer grain harvest rose 4.8 percent this year from last year to 101.05 million tonnes, the State Statistical Bureau said on Friday.
Published 17 Jul, 2004 12:00am
Saarc foreign secretaries begin parleys

Saarc foreign secretaries begin parleys

The senior foreign ministry officials from seven South Asian countries began their two-day conference here on Friday to prepare the agenda for a foreign ministers' meeting to be held next week, officials said.
Published 17 Jul, 2004 12:00am
EU sees no sugar quota cut in 2004-05

EU sees no sugar quota cut in 2004-05

The European Commission has proposed leaving the EU sugar production quota unchanged for the 2004/05 marketing year, member state officials said on Friday, as global sugar export limits would not be exceeded.
Published 17 Jul, 2004 12:00am
Saarc foreign secretaries begin parleys

Saarc foreign secretaries begin parleys

The senior foreign ministry officials from seven South Asian countries began their two-day conference here on Friday to prepare the agenda for a foreign ministers' meeting to be held next week, officials said.
Published 17 Jul, 2004 12:00am
Belgium's diamond exports up

Belgium's diamond exports up

Belgium's diamond industry exported a record $4.01 billion in cut diamonds in the first six months of the year, up 16.4 percent in terms of value from the same period last year, the industry body said on Friday.
Published 17 Jul, 2004 12:00am
CBOT wheat futures lower on poor exports

CBOT wheat futures lower on poor exports

Soft red winter (SRW) wheat futures at the Chicago Board of Trade closed lower on Thursday with the market hit by a poor number for wheat in USDA's weekly export sales report, traders said.
Published 17 Jul, 2004 12:00am
New demand for Vietnam's rice seen up

New demand for Vietnam's rice seen up

Africa, the Philippines and Indonesia are expected to buy a combined 1 million tonnes of rice from Vietnam, the world's number two exporter of the grain, by the end of this year if prices ease as expected, traders said.
Published 17 Jul, 2004 12:00am
FOB Gulf soyabean drops, SRW wheat lower

FOB Gulf soyabean drops, SRW wheat lower

US FOB Gulf soyabean basis values for old-crop loading slots were marked down sharply again on Thursday night as the CIF barge market plummeted with Midwest processors dropping their bids, traders said.
Published 17 Jul, 2004 12:00am
Oil cake market rates

Oil cake market rates

The July vaida opened unchanged at Rs 489.50, and rose in the process of trading to be quoted highest at Rs 491.50. Later trading depressed and was quoted lowest at Rs 489.50, and closing was seen at Rs 491.50.
Published 17 Jul, 2004 12:00am
US writes off $495 million debt

US writes off $495 million debt

Pakistan and USA have signed a 495.3 million dollars Debt Cancellation Agreement which left the total USA debt against Pakistan to $1.5 billion. For this cancellation, US government had allocated 200 million dollars, which would become equal to $495.3 mil
Published 17 Jul, 2004 12:00am
US writes off $495 million debt

US writes off $495 million debt

Pakistan and USA have signed a 495.3 million dollars Debt Cancellation Agreement which left the total USA debt against Pakistan to $1.5 billion. For this cancellation, US government had allocated 200 million dollars, which would become equal to $495.3 mil
Published 17 Jul, 2004 12:00am
Ukraine's sunseed and sunoil exports fall

Ukraine's sunseed and sunoil exports fall

Ukraine, which harvested a record sunseed crop in 2003, cut its sunflower oil exports in May to 69,900 tonnes from 102,800 tonnes in April and 105,100 in May, analysts said on Friday.
Published 17 Jul, 2004 12:00am
Duty on pharma raw materials slashed

Duty on pharma raw materials slashed

To encourage investment in pharmaceutical sector, the Central Board of Revenue (CBR) has slashed custom duty on the import of raw materials and chemicals from 25 percent to 10 percent.
Published 17 Jul, 2004 12:00am
Duty on pharma raw materials slashed

Duty on pharma raw materials slashed

To encourage investment in pharmaceutical sector, the Central Board of Revenue (CBR) has slashed custom duty on the import of raw materials and chemicals from 25 percent to 10 percent.
Published 17 Jul, 2004 12:00am
Sugar and wheat up on grain market

Sugar and wheat up on grain market

A few changes were seen on the seed and grain wholesale markets, and good going on Friday (July 16, 2004).
Published 17 Jul, 2004 12:00am
Duty on pharma raw materials slashed

Duty on pharma raw materials slashed

To encourage investment in pharmaceutical sector, the Central Board of Revenue (CBR) has slashed custom duty on the import of raw materials and chemicals from 25 percent to 10 percent.
Published 17 Jul, 2004 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department (USDA) set the prevailing world market price for upland cotton at 40.55 cents per pound, effective through July 22.
Published 17 Jul, 2004 12:00am
Broad-based erosion witnessed on ISE

Broad-based erosion witnessed on ISE

Equities witnessed broad-based erosion at Islamabad Stock Exchange (ISE) on Friday where bears continued to stay in the driving seat amid decrease in index.
Published 17 Jul, 2004 12:00am
Broad-based erosion witnessed on ISE

Broad-based erosion witnessed on ISE

Equities witnessed broad-based erosion at Islamabad Stock Exchange (ISE) on Friday where bears continued to stay in the driving seat amid decrease in index.
Published 17 Jul, 2004 12:00am
Modest speculative buying nudges New York coffee to firm finish

Modest speculative buying nudges New York coffee to firm finish

NYBOT arabica coffee futures closed with modest gains on Thursday on speculative, and possibly roaster, buying as the trade kept its attention on winter weather in the coffee belt of main producer Brazil, brokers said.
Published 17 Jul, 2004 12:00am
LSE index loses 24.47 points

LSE index loses 24.47 points

Selling pressure in key scrips dominated the share market where equities, led by cement sector, continued to depreciate, following rumours regarding government's dam policy.
Published 17 Jul, 2004 12:00am
Short-covering continues to spur New York cocoa rally

Short-covering continues to spur New York cocoa rally

NYBOT cocoa futures ended higher on Thursday as fund buying and speculative short-covering continued to drive prices to their highest levels in 3-1/2 months, although arbitrage and trade sales at the top of the range trimmed the rally, floor sources said.
Published 17 Jul, 2004 12:00am
LSE index loses 24.47 points

LSE index loses 24.47 points

Selling pressure in key scrips dominated the share market where equities, led by cement sector, continued to depreciate, following rumours regarding government's dam policy.
Published 17 Jul, 2004 12:00am
More gains seen in Comex copper

More gains seen in Comex copper

COMEX copper futures rose on Thursday, propelled by London coppers rise on trade buying and supply-side concerns raised by labour issues in the market, dealers said.
Published 17 Jul, 2004 12:00am
Higher badla investment erodes share values

Higher badla investment erodes share values

The rising badla investment deterred fresh investment in the stock market on Friday and selling pressure from the weak holders and some brokerage houses eroded share values.
Published 17 Jul, 2004 12:00am
Gold hits new three-month high in Tokyo

Gold hits new three-month high in Tokyo

Tokyo platinum futures settled mostly easier on Friday, dented by profit-taking ahead of a long weekend, although the downside was solid on sporadic bids from fund operators.
Published 17 Jul, 2004 12:00am
Higher badla investment erodes share values

Higher badla investment erodes share values

The rising badla investment deterred fresh investment in the stock market on Friday and selling pressure from the weak holders and some brokerage houses eroded share values.
Published 17 Jul, 2004 12:00am
Rules for issuing shares unveiled

Rules for issuing shares unveiled

The Securities and Exchange Commission of Pakistan (SECP) has issued detailed guidelines on issuing shares at discount for listed and non-listed companies to facilitate and speed up the process.
Published 17 Jul, 2004 12:00am
Asian gold steadies ahead of US data

Asian gold steadies ahead of US data

Gold steadied in Asia on Friday as the euro rebounded against the dollar, after initially easing to $402.15 an ounce, but dealers said they were awaiting US data for direction.
Published 17 Jul, 2004 12:00am
Rules for issuing shares unveiled

Rules for issuing shares unveiled

The Securities and Exchange Commission of Pakistan (SECP) has issued detailed guidelines on issuing shares at discount for listed and non-listed companies to facilitate and speed up the process.
Published 17 Jul, 2004 12:00am
Jamadi-us-Sani moon may be sighted on July 18

Jamadi-us-Sani moon may be sighted on July 18

The Jamadi-us-Sani moon may be sighted tomorrow, Sunday. Jamadi-us-Sani One, 1425 AH, may, therefore, fall on Monday, according to astronomical parameters.
Published 17 Jul, 2004 12:00am
Jamadi-us-Sani moon may be sighted on July 18

Jamadi-us-Sani moon may be sighted on July 18

The Jamadi-us-Sani moon may be sighted tomorrow, Sunday. Jamadi-us-Sani One, 1425 AH, may, therefore, fall on Monday, according to astronomical parameters.
Published 17 Jul, 2004 12:00am
Gas oil firms but fuel oil flat

Gas oil firms but fuel oil flat

Singapore gas oil swaps prices ticked higher at midday on Friday but fuel oil failed to budge as the region stayed awash in supply, traders said.
Published 17 Jul, 2004 12:00am
KSE notifies 18 bankers to offer for PPL shares IPO

KSE notifies 18 bankers to offer for PPL shares IPO

The Karachi Stock Exchange (KSE) has notified 18 bankers to the offer for the Initial Public Offering (IPO) of Pakistan Petroleum Limited shares, being opened for subscription from July 19 to 22 during banking hours.
Published 17 Jul, 2004 12:00am
WCE canola lower on local selling

WCE canola lower on local selling

Winnipeg Commodity Exchange canola futures settled lower in light volumes on Thursday, pressured by local selling in sympathy with weaker US soy futures and by hedges, traders said.
Published 17 Jul, 2004 12:00am
80 children killed in Indian school inferno

80 children killed in Indian school inferno

Nearly 80 children were burnt to death on Friday when a fire raged through a primary school in India's southern Tamil Nadu state, officials said. "Seventy-seven bodies have been recovered," senior police official S. Natarajan told AFP from the temple town
Published 17 Jul, 2004 12:00am
New York sugar settles firmer

New York sugar settles firmer

NYBOT raw sugar futures finished marginally firmer on Thursday as speculative profit-taking nearly wiped out the gains stemming from early trade and speculative buying in the market, brokers said.
Published 17 Jul, 2004 12:00am
80 children killed in Indian school inferno

80 children killed in Indian school inferno

Nearly 80 children were burnt to death on Friday when a fire raged through a primary school in India's southern Tamil Nadu state, officials said. "Seventy-seven bodies have been recovered," senior police official S. Natarajan told AFP from the temple town
Published 17 Jul, 2004 12:00am
Soya sharply down on weather, cash market

Soya sharply down on weather, cash market

Soyabean futures at the Chicago Board of Trade fell hard on Thursday with new-crop November ending nearly 23 cents lower in reaction to less threatening weather forecasts and a collapse in US cash markets at interior locations, traders said.
Published 17 Jul, 2004 12:00am
Oracle enters deal with Macromedia

Oracle enters deal with Macromedia

Oracle Corporation has entered into partnership with Macromedia to improve integration products and learning management system. The partnership would help make it significantly easier for both the companies to develop rich training content and publish it
Published 17 Jul, 2004 12:00am