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Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-11
US MIDDAY: sugar moves higher on trade buying

US MIDDAY: sugar moves higher on trade buying

Raw sugar futures finished quietly higher Tuesday on modest amounts of speculative and trade buying, with most players on the sidelines attending activities ahead of the annual Sugar Club dinner on Wednesday, brokers said. The New York Board of Trade's Ju
Published 11 May, 2005 12:00am
US MIDDAY: wheat gains weather conditions

US MIDDAY: wheat gains weather conditions

Wheat futures at the Chicago Board of Trade climbed early on Tuesday as condition ratings for the US winter wheat crop waned, traders said. At 10:10 am CDT (1510 GMT), CBOT wheat was up 4-1/2 to 6-1/2 cents per bushel. May was up 6-1/2 at $3.12 per bushel
Published 11 May, 2005 12:00am
US MIDDAY: corn firmer on weather conditions

US MIDDAY: corn firmer on weather conditions

Corn futures at the Chicago Board of Trade were holding firm early on Tuesday amid weather jitters and on a strong rally in wheat, traders said. At 10:16 am CDT (1516 GMT), CBOT corn was up 1/2 to 1-1/4 cents per bushel. May was up 1-1/4 at $2.01 per bush
Published 11 May, 2005 12:00am
US MIDDAY: copper modestly up on subdued trading

US MIDDAY: copper modestly up on subdued trading

US copper futures rose modestly early Tuesday, though activity was subdued and likely to stay that way for the session after a trader collapsed on the exchange floor, halting trading for about 40 minutes. Floor brokers said they thought the mood on the co
Published 11 May, 2005 12:00am
US MIDDAY: soyabeans rise on commodity funds

US MIDDAY: soyabeans rise on commodity funds

Soyabean futures at the Chicago Board of Trade rose early on Tuesday, lifted by crop concerns amid dryness in the eastern US Midwest and forecasts calling for less rain than expected earlier, traders said. "The bottom line is it's fairly wet in the north
Published 11 May, 2005 12:00am
US MIDDAY: gold firmer on subdued trading

US MIDDAY: gold firmer on subdued trading

Gold futures in New York held steady early on Tuesday but trading was very subdued after one floor broker was taken ill at the exchange, halting dealings temporarily in all New York commodities, floor sources said. A slightly lower dollar was supporting m
Published 11 May, 2005 12:00am
Agar International (Pvt) Limited

Agar International (Pvt) Limited

Agar International Pvt Ltd, and it's affiliated companies, have been conducting business of import, distribution and wholesale of Petrochemicals, Agricultural Commodities, Iron/Steel, bulk chemicals, spices and food products on a large scale for the past
Published 11 May, 2005 12:00am
Building Bridges

Building Bridges

Although Poland and Pakistan established diplomatic relations in 1962 but since 1948, Pakistan and Poland have shared deep-rooted political and business relations. Very few people are aware that one of our Air Commodore Mr Wladyslaw Turowicz was a Polish
Published 11 May, 2005 12:00am
Message from Chairman, Pakistan-Poland Business Forum

Message from Chairman, Pakistan-Poland Business Forum

It is a great honour and pleasure for me to extend my views on the auspicious occasions of Poland - the 214th anniversary of the proclamation of May 3 constitution - the national day of Poland, Poland's 1st anniversary of EU membership and the 60th annive
Published 11 May, 2005 12:00am
Message from Consul General of Poland in Karachi

Message from Consul General of Poland in Karachi

It is an honour and privilege for me to address you on three very important events for Poland: the 214th anniversary of the proclamation of May 3 Constitution- our national day, Poland's 1st anniversary of EU membership - 1st May and the 60th anniversary
Published 11 May, 2005 12:00am
Message from Ambassador of the Republic of Poland in Islamabad, Pakistan

Message from Ambassador of the Republic of Poland in Islamabad, Pakistan

I am delighted to assume the charge of the Ambassador of the Republic of Poland to the Islamic Republic of Pakistan on August 25th 2004. Poland and Pakistan have always enjoyed affable ties since long. On the auspicious occasion of the anniversary of prom
Published 11 May, 2005 12:00am
Message from Second President of Third Republic of Poland

Message from Second President of Third Republic of Poland

The President plays a very important part in the Polish legal system. His rights and obligations of are determined by the Constitution of the Republic of Poland (passed in April 1997). In accordance with the current Constitution, the President of the Repu
Published 11 May, 2005 12:00am
'Nixon regime counselled non-intervention during 1971 Pak-India war'

'Nixon regime counselled non-intervention during 1971 Pak-India war'

When prime minister Indira Gandhi and foreign minister Swaran Singh came to Washington, the Nixon Administration counselled non-intervention, but assumed that India planned to go to war, according to declassified documents. The Nixon Administration was no
Published 11 May, 2005 12:00am
35 PPP men still under detention

35 PPP men still under detention

As many as 35 activists of Pakistan Peoples Party Parliamentarian (PPPP) have yet not been released. A total of 520 workers were arrested on arrival of PPPP leader Asif Ali Zardari in the Country recently.
Published 11 May, 2005 12:00am
District price control bodies being activated

District price control bodies being activated

Under the directives of the Punjab chief minister all district price control committees are being made more effective and purposeful in the province. Official sources told Business Recorder on Tuesday that the step has been taken for activating the
Published 11 May, 2005 12:00am
Special children's enrolment surge by 20 percent

Special children's enrolment surge by 20 percent

As a result of steps taken by the Punjab government during the last two years, the number of special children in government schools has increased by 20 percent and provision of government transport would further enhance this ratio. Punjab Minister for Bai
Published 11 May, 2005 12:00am
Lesco's steps hailed

Lesco's steps hailed

Federal Information Minister Sheikh Rashid Ahmad and Advisor to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Salman Shah have appreciated recent steps taken by Lahore Electric Supply Company (Lesco) for the convenience of electricity co
Published 11 May, 2005 12:00am
Three passenger trains upgraded

Three passenger trains upgraded

Pakistan Railways has upgraded three passenger trains as express trains without increasing their speed, minimising their stops and reducing the duration of journey with effect from May 10. Now passengers would have to pay 20 to 45 percent more fare for di
Published 11 May, 2005 12:00am
Pakistani kids win prizes in NFUAJ Children Festival

Pakistani kids win prizes in NFUAJ Children Festival

The Pakistan National Commission for Unesco (PNCU) has won the significant prizes in the Children Festival - 2005, which was organised by the National Federation of Unesco Associations in Japan (NFUAJ) in collaboration with the Mitsubishi Impression Galle
Published 11 May, 2005 12:00am
Kasuri leaves for Australia and New Zealand

Kasuri leaves for Australia and New Zealand

Foreign Minister Khurshid Mehmood Kasuri left here on Tuesday for an official visit to Australia and New Zealand to discuss bilateral ties and regional and international issues. This will be the first ever visit by any foreign minister from Pakistan to th
Published 11 May, 2005 12:00am
Administrator barred to change Zakat committees' chairmen

Administrator barred to change Zakat committees' chairmen

The Lahore High Court (LHC), while calling a report from Punjab Zakat and Ushr administrator by May 26, has restrained the respondent from bringing any change in the sitting chairmen of the Zakat committees. The court passed these orders in a petition fil
Published 11 May, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (May 10) and the forecast for Wednesday (May 11, 2005).
Published 11 May, 2005 12:00am
1000 MW thermal power to be produced by 2008

1000 MW thermal power to be produced by 2008

Private Power Infrastructure Board (PPIB) Managing Director Zafar Ali Khan has said that 1000 MW thermal electricity will be produced in the beginning of 2008 that will help overcome shortage of electricity in the country. Speaking in a PTV programme here
Published 11 May, 2005 12:00am
New York cotton

New York cotton

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

Published 11 May, 2005 12:00am
Initial report declares Imtiaz innocent: Shujaat

Initial report declares Imtiaz innocent: Shujaat

The ruling Pakistan Muslim League President Chaudhary Shujaat Hussain has said that former Sindh Minister Imtiaz Sheikh will remain in the party, however, he added that it was the authority of party president to sack any of the ministers. Talking to newsm
Published 11 May, 2005 12:00am
New York cotton

New York cotton

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

Published 11 May, 2005 12:00am
Cypriots start to bridge mutual language gulf

Cypriots start to bridge mutual language gulf

When it comes to communicating, Murat Akin has a head start over most people on the divided island of Cyprus. He can talk to the other side. By a historical quirk of fate he speaks Greek as well as his native Turkish, giving him the edge in selling trinke
Published 11 May, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
Mothers' Day

Mothers' Day

The way the Mothers' Day was shown on the TV channels in Pakistan as also other events and days such as the Fathers' Day, the Saint Valentine Day etc, in the name modernity but in fact vulgarity - is most deplorable, to say the least. We do not have to wa
Published 11 May, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
Water shortage

Water shortage

Your editorial of Sunday, 1 May, 2005, highlighting the problems of short supply of water and unjustified taxation by the Karachi Water and Sewerage Board commonly faced by the consumers in Karachi and Hyderabad, is very appropriately worded, which focuse
Published 11 May, 2005 12:00am
Key stock market movements at 1700 GMT - May 10

Key stock market movements at 1700 GMT - May 10

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 11 May, 2005 12:00am
Tax issues of future markets-II

Tax issues of future markets-II

The significant aspect of this definition is that 'stocks' and 'shares' are treated as 'capital assets', even where held as stock-in-trade by a taxpayer. This result in the taxation of the income arising from the disposal of such assets under section 37,
Published 11 May, 2005 12:00am
Urgent need for pro-poor policies

Urgent need for pro-poor policies

Development experience of Pakistan in the recent past has been interpreted differently by various people. Government functionaries, including the Prime Minister and his colleagues miss no opportunity to propagate the achievements of the economy like high
Published 11 May, 2005 12:00am
Multan PPP leaders' detention termed unfair

Multan PPP leaders' detention termed unfair

District Assembly Multan, chaired by Malik Muhammad Amer Dogar, has adopted a resolution for the release of ex-Mayor of Multan Malik Salahuddin Dogar, District President of PPP Khalid Hanif Lodhi and former federal minister Malik Mukhtar Ahmed Awan saying
Published 11 May, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
Shujaat and Pervaiz urged to strengthen PML in Sialkot

Shujaat and Pervaiz urged to strengthen PML in Sialkot

The PML workers have called upon Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain and Punjab Chief Minister Chaudhry Pervaiz Elahi to take immediate steps against double-faced and so-called party leaders, who are involved in creating split
Published 11 May, 2005 12:00am
MMA to hold public meeting on May 12

MMA to hold public meeting on May 12

The Muttahida Majlis-i-Amal (MMA) has planed to hold a public meeting on May 12 at Annu Bhai Park Karachi. According to a press release issued here on Monday, the MMA President Qazi Hussain Ahmed, Secretary General Maulana Fazal ur Rehman, Vice Presidents
Published 11 May, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
Uniform laws urged for hoardings and buildings

Uniform laws urged for hoardings and buildings

City Nazim, Naimatullah Khan has called for uniform laws for hoardings and buildings in Karachi and said an elaborate planning was required for this purpose. He was talking to visiting 5-member World Bank delegation at Civic Centre here on Tuesday. He app
Published 11 May, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (May 10) and for Wednesday (May 11, 2005).
Published 11 May, 2005 12:00am
Kishanganga dam: India urged to suspend construction

Kishanganga dam: India urged to suspend construction

Commissioner Indus Water Commission Syed Jamat Ali Shah on Tuesday urged India to suspend the construction work on Kishanganga dam till resolution of the dispute. "Pakistan will not become a party to delay the resolution of Kishanganga dam issue. If India
Published 11 May, 2005 12:00am
Next round of Pak-US BIT talks soon

Next round of Pak-US BIT talks soon

Next round of talks between Pakistan and the United States on Bilateral Investment Treaty (BIT) will be held in Islamabad during the current month. "This is part of efforts to boost Pakistan-US economic ties," Commerce Minister, Humayun Akhtar Khan told n
Published 11 May, 2005 12:00am
1.27 million tonnes wheat procured in Punjab

1.27 million tonnes wheat procured in Punjab

Punjab Food Department has procured 1.27 million tonnes of wheat against its target of 3.5 million tonnes for 2005-06, which is 37 percent of the target. Secretary Food Punjab, Shahid Hassan Raja told APP here on Tuesday that this year procurement campaig
Published 11 May, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
'No major changes in Haj policy'

'No major changes in Haj policy'

There would be no major changes in the Haj policy for 2006, Secretary Ministry of Religious Affairs, Zakat and Ushr, Vakil Ahmed Khan said on Tuesday. "We would bring about some operational changes but as far as policy is concerned, it would remain the sa
Published 11 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 10,2005).

Published 11 May, 2005 12:00am
Decision on holding local bodies polls soon: Rashid

Decision on holding local bodies polls soon: Rashid

Minister for Information and Broadcasting Sheikh Rashid Ahmed said on Tuesday the decision for conducting the local bodies elections would be taken soon. Replying to a question while talking to media-persons after inaugurating an exhibition here, he said,
Published 11 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 10,2005).

Published 11 May, 2005 12:00am
'MMA and ARD agree to launch movement'

'MMA and ARD agree to launch movement'

Muttahida Majlis-i-Amal Deputy General Secretary Liaquat Baloch said the MMA and ARD have agreed upon three points. First, General Pervez Musharraf should resign and no political party should strike any deal with a military General or the establishment. S
Published 11 May, 2005 12:00am
Action against Haj tour operators, travel agents demanded

Action against Haj tour operators, travel agents demanded

The government should blacklist such tour operators and travel agents that had plundered the Haj pilgrims in the Private Hajj Scheme and violated the agreement and recovered the amount to compensate the affectees besides cancellation of their permission.
Published 11 May, 2005 12:00am
Supreme Court dismisses petitions against LHC

Supreme Court dismisses petitions against LHC

A two-member bench of the Supreme Court Tuesday dismissed eleven petitions filed by candidates for the posts of Additional District and Session Judges against Lahore High Court terming them non-maintainable under Article 184 (3). The Bench of the Apex Cou
Published 11 May, 2005 12:00am
THE RUPEE: rates almost unchanged

THE RUPEE: rates almost unchanged

The rupee managed to hold on to its overnight levels in the open market on Tuesday on the buying and selling counters at Rs 60.10 and Rs 60.15, respectively. The rupee resisted its slide on easy supply of dollars, dealers said. They expected that the rupe
Published 11 May, 2005 12:00am
Kasuri eulogises Sahabzada Yaqub's services

Kasuri eulogises Sahabzada Yaqub's services

Foreign Minister Khurshid M. Kasuri on Tuesday eulogised the services of Sahabzada Yaqub Khan to Pakistan and the contribution he made to diplomacy and promotion of the national interest in challenging times. He made these remarks at the launching ceremon
Published 11 May, 2005 12:00am
THE RUPEE: rates almost unchanged

THE RUPEE: rates almost unchanged

The rupee managed to hold on to its overnight levels in the open market on Tuesday on the buying and selling counters at Rs 60.10 and Rs 60.15, respectively. The rupee resisted its slide on easy supply of dollars, dealers said. They expected that the rupe
Published 11 May, 2005 12:00am
World Bank helps enroll three million children for schools

World Bank helps enroll three million children for schools

Sindh Education Department (SED) and World Bank team have agreed to strengthen private sector in rural areas as part of the drive to bring three million out of school children under enrolment. Sindh Minister for Education and Literacy Dr Hamida Khuhro and
Published 11 May, 2005 12:00am
Tobacco: LAKSON TOBACCO COMPANY LTD - 3rd Quarter Ended March 31 2005

Tobacco: LAKSON TOBACCO COMPANY LTD - 3rd Quarter Ended March 31 2005

The company was incorporated in the province of Sindh on February 10, 1969 as a public limited company and its shares are quoted on Karachi and Lahore Stock Exchanges. Its registered office is situated at Lakson Square Building No 2 Sarwar Shaheed Road Ka
Published 11 May, 2005 12:00am
Contaminated cotton blamed for textile units losses

Contaminated cotton blamed for textile units losses

The Export Promotion Bureau (EPB) is to launch a campaign to apprise growers, ginners and spinners about the losses, which are being incurred due to the use of contaminated cotton in textile manufacturing for export. The EPB in a circular to textile assoc
Published 11 May, 2005 12:00am
Tobacco: LAKSON TOBACCO COMPANY LTD - 3rd Quarter Ended March 31 2005

Tobacco: LAKSON TOBACCO COMPANY LTD - 3rd Quarter Ended March 31 2005

The company was incorporated in the province of Sindh on February 10, 1969 as a public limited company and its shares are quoted on Karachi and Lahore Stock Exchanges. Its registered office is situated at Lakson Square Building No 2 Sarwar Shaheed Road Ka
Published 11 May, 2005 12:00am
'No change in Sindh stance on NFC'

'No change in Sindh stance on NFC'

Sindh Finance Minister Syed Sardar Ahmed on Tuesday said that a section of the press has published his statement in a misleading manner about the National Finance Commission (NFC) as he would still persist that the Sindh government wanted the NFC on multi
Published 11 May, 2005 12:00am
Growers resent onion import

Growers resent onion import

Onion growers strongly resented the government decision to import vegetable - onion, garlic and tomatoes - from neighbouring countries at zero level custom duty and withholding tax, at a time when Sindh is expecting a bumper onion crop. The growers fear t
Published 11 May, 2005 12:00am
Sindh Cabinet to consider law to ban Gutka; Assembly informed

Sindh Cabinet to consider law to ban Gutka; Assembly informed

The Sindh government on Wednesday in its cabinet meeting will consider legislation to ban sale and use of Gutka in the province. Syed Sardar Ahmed on Tuesday during question hour told parliamentarians that the use of Gutka could not be checked through sim
Published 11 May, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
Mines rescue centre in Fata shortly

Mines rescue centre in Fata shortly

The first-ever mines rescue/safety and labour welfare centre will be operational shortly to provide prompt rescue and safety facilities to the miners in the time of accident and disaster. "The centre would be established at Darwazai in Orakzai Agency of t
Published 11 May, 2005 12:00am
CDA body approves Rs 200 million projects

CDA body approves Rs 200 million projects

The recently constituted Development Working Party (DWP) of the Capital Development Authority (CDA) approved seven projects worth Rs 200 million in its third meeting on Tuesday. However, two projects costing more than Rs 300 million were deferred due to l
Published 11 May, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
Food technology, plastic exhibition: land for cottage units promised

Food technology, plastic exhibition: land for cottage units promised

The Sindh government will provide land for cottage and small industries at low-cost in various areas to promote industrialisation in the province. This was stated by Sindh CM's Advisor Waseem Akhtar while inaugurating the second international food technol
Published 11 May, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 May, 2005 12:00am
Telenor extends service to Gujrat

Telenor extends service to Gujrat

The Norwegian transnational mobile phone service has officially opened its commercial service in Gujrat on Tuesday. Since its launching two months ago, this was the eighth city in the country. Announcing this here, Helge Dietrichson, Communications Direct
Published 11 May, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 May, 2005 12:00am
'Cut in tariffs to help step up industrialisation'

'Cut in tariffs to help step up industrialisation'

Reduction in power, gas and other utilities tariffs, besides cut in taxation, would help in rapid industrialisation and would also provide a chance to compete in the international market, Rawalpindi Women Chamber of Commerce and Industry (RWCCI) President
Published 11 May, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 May, 2005 12:00am
Worldcall's WLL service soon

Worldcall's WLL service soon

Worldcall Telecom Limited is launching its Wireless Local Loop (WLL) services in Lahore soon. This was stated by a spokesman of Worldcall Telecom Limited here on Monday. The company organised a two-day training session for its franchise sales agents. The
Published 11 May, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (May 10, 2005).

Published 11 May, 2005 12:00am
JCR-VIS announces Star Ranking of NIUT

JCR-VIS announces Star Ranking of NIUT

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assessed National Investment Unit Trust (NIUT) performance ranking for the period ended December 31, 2004 at MFR-4(s) (four star), which denotes good performance vis-à-vis other open-ended mutual funds with
Published 11 May, 2005 12:00am
JCR-VIS announces Star Ranking of NIUT

JCR-VIS announces Star Ranking of NIUT

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assessed National Investment Unit Trust (NIUT) performance ranking for the period ended December 31, 2004 at MFR-4(s) (four star), which denotes good performance vis-à-vis other open-ended mutual funds with
Published 11 May, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 May, 2005 12:00am
Form-B may be used for registration of marriage

Form-B may be used for registration of marriage

National Database Registration Authority (Nadra) on Tuesday announced to facilitate the general public by allowing them to use Form-B as reference for the registration of marriage, in case the age of bride is 16 to 18 years. According to a press release i
Published 11 May, 2005 12:00am
IFJ expresses concern over proposed Pemra Bill

IFJ expresses concern over proposed Pemra Bill

The International Federation of Journalists (IFJ), an organisation representing over 500,000 journalists worldwide, has expressed deep concern over the proposed Pakistan Electronic Media Regularity Authority (Pemra) Amendment Bill 2004. IFJ President Chri
Published 11 May, 2005 12:00am
Shujaat to head panel on Wage Award

Shujaat to head panel on Wage Award

Pakistan Muslim League President Chaudhry Shujaat Hussain would head the special committee for implementation of the 7th Wage Board Award for newspaper employees. This decision was unanimously reached at the National Assembly Standing Committee on Informa
Published 11 May, 2005 12:00am
Two held for bid to smuggle 485 kg charas

Two held for bid to smuggle 485 kg charas

The Anti-Narcotics Force (ANF) has arrested two persons for making a bid to smuggle 485kg of charas. ANF Joint Director Colonel Wasif Sajjad and Assistant Director Mubarak Ali while addressing a press conference here Monday said that ANF received a tip of
Published 11 May, 2005 12:00am
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