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May 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-21
Korean stem cell study funded on $200,000 a year

Korean stem cell study funded on $200,000 a year

A groundbreaking study on stem cell research that could one day provide a cure for debilitating illnesses was funded with less than $200,000 a year in largely government grants, a South Korean scientist said on Friday. Woo Suk Hwang of Seoul National Univ
Published 21 May, 2005 12:00am
Leaked US papers highlight abuse of prisoners in Afghanistan

Leaked US papers highlight abuse of prisoners in Afghanistan

Two detainees in US military custody in Afghanistan in 2002 died after being severely beaten as part of a pattern of abuse by young and badly-trained soldiers, the New York Times reported Friday quoting from a leaked US Army criminal investigation report.
Published 21 May, 2005 12:00am
Central America storm fades, mudslides feared

Central America storm fades, mudslides feared

Tropical storm Adrian, the first of the 2005 season, slammed into El Salvador's Pacific coast on Friday and then broke up over Honduras with its heavy rains still threatening dangerous flash floods and mudslides across Central America. Adrian had killed t
Published 21 May, 2005 12:00am
Uzbek refugees scared to return, fresh graves found

Uzbek refugees scared to return, fresh graves found

Refugees who fled a crackdown by Uzbek troops said on Friday they dared not return home, and the United Nations turned up the volume on its demands for an inquiry into deaths believed to have run into hundreds. Reuters correspondents who travelled to a vi
Published 21 May, 2005 12:00am
US pledges to probe indecent pictures of Saddam

US pledges to probe indecent pictures of Saddam

Washington promised an investigation on Friday into how pictures of Saddam Hussein in his underpants were splashed across the front-page of Britain's biggest-selling daily newspaper. The imprisoned former Iraqi leader appeared on the front of the Sun, nak
Published 21 May, 2005 12:00am
'Kidnapped Italian victim still alive'

'Kidnapped Italian victim still alive'

Afghan authorities said on Friday that kidnapped Italian aid worker Clementina Cantoni was still alive, and they were working hard to secure her release. "We are working hard to release her safely," presidential spokesman Khaleeq Ahmad told AFP. Some medi
Published 21 May, 2005 12:00am
US first lady starts Middle East tour

US first lady starts Middle East tour

US first lady Laura Bush started a goodwill tour of the Middle East on Friday acknowledging America's image in the Muslim world was badly damaged by a prisoner abuse scandal and a retracted magazine report that US interrogators desecrated the Quran. Laura
Published 21 May, 2005 12:00am
Critics cool as Cannes readies for final curtain

Critics cool as Cannes readies for final curtain

The Cannes Film Festival closes on Saturday ending 11 hectic days of partying, deal making and star gazing on the French Riviera, but as far as the movies are concerned, the critics have been less than impressed. The final act will come with the jury's ch
Published 21 May, 2005 12:00am
Bonds market calmer after volatile week

Bonds market calmer after volatile week

The European corporate bond market saw a calmer session on Friday compared with the rest of the week, with most prices holding on to gains registered in early trading. Fears remain, however, that next week could see another rollercoaster ride as the end o
Published 21 May, 2005 12:00am
Bonds market calmer after volatile week

Bonds market calmer after volatile week

The European corporate bond market saw a calmer session on Friday compared with the rest of the week, with most prices holding on to gains registered in early trading. Fears remain, however, that next week could see another rollercoaster ride as the end o
Published 21 May, 2005 12:00am
Indian state bank leads shares higher

Indian state bank leads shares higher

Indian shares erased losses to end higher on Friday as forecast-beating earnings from State Bank of India and a drop in the inflation rate temporarily offset worries about foreign fund sales at home. The benchmark 30-share Mumbai index closed 0.32 percent
Published 21 May, 2005 12:00am
US Stocks: Friday's unofficial close

US Stocks: Friday's unofficial close

US stocks fell on Friday, with the blue chip shares of 3M Co taking a hit after a major brokerage suggested investors shift their positions out of that company and into General Electric Co Shares of 3M dropped 1.5 percent to $76.68 on the New York Stock E
Published 21 May, 2005 12:00am
UK's top share index hits five-week high

UK's top share index hits five-week high

Britain's leading shares climbed for a fourth straight day on Friday to hit a 5-week high, pulled up by strong mobile phone operators O2 and Vodafone amid optimism for their earnings and payouts, while property stocks were buoyed by more sector consolidat
Published 21 May, 2005 12:00am
Indian rupee one-week higher

Indian rupee one-week higher

The rupee ended at a one-week high on Friday, after oil and gold importers wound up their purchases of the US currency midway through the session and traders opted to unwind long dollar positions ahead of a long weekend. The rupee closed at 43.4575/4625 p
Published 21 May, 2005 12:00am
Pound hits 6-1/2-month low versus dollar

Pound hits 6-1/2-month low versus dollar

Sterling fell to a 6-1/2 month low against the dollar on Friday as the greenback rallied across the board on expectations that US interest rates are set to rise further. The dollar hit a seven-month high against the euro as a recent run of strong US data
Published 21 May, 2005 12:00am
Dollar steadies near seven-month high

Dollar steadies near seven-month high

The dollar steadied close to this week's seven-month highs against the euro and one-month highs against the yen on Friday, consolidating gains made on an increasingly upbeat view of the US economy. A weak US regional factory report on Thursday failed to d
Published 21 May, 2005 12:00am
US and South America soya rivalry to heat up

US and South America soya rivalry to heat up

The US dominance of the global soyabean market from the fall will be increasingly challenged by the growing output in Brazil and Argentina, an industry official from South America said on Friday. Exports from Brazil and Argentina, the world's second and t
Published 21 May, 2005 12:00am
New CBOT soya contract will live or die on liquidity

New CBOT soya contract will live or die on liquidity

Some of the world's largest grain traders operating in Brazil said liquidity would determine whether they used the new South American soyabean futures contract to debut on Chicago Board of Trade on Friday. The new South American beans contract will be the
Published 21 May, 2005 12:00am
Oil steadies, Opec sees no need to cut output

Oil steadies, Opec sees no need to cut output

Oil prices steadied on Friday to slow this week's 5 percent sell-off as an expected increase in world demand later this year countered a near-term glut in US crude inventories. Opec's president said Friday the cartel saw no need to slow down its soaring p
Published 21 May, 2005 12:00am
South African maize harvest seen steady

South African maize harvest seen steady

South Africa's Crop Estimates Committee held its 2005 maize forecast steady at 11.52 million tonnes on Thursday, surprising traders who had expected the figure to continue surpassing a 10-year peak. Crop Estimates Committee Chairman Rodney Dredge attribut
Published 21 May, 2005 12:00am
New York cotton futures end softer

New York cotton futures end softer

Cotton futures closed soft on Friday but bounced off a fresh three-month low as locals sold then covered short positions while underlying export business and call option buying remained supportive. The New York Board of Trade's July contract ended 0.10 ce
Published 21 May, 2005 12:00am
London sugar higher

London sugar higher

London white sugar futures settled higher on trade and speculator buying as the market digested news of a huge Malaysian physical purchase, traders said. Front-month August ended up 90 cents at $246.80 a tonne in slim volume of 1,537 lots, having moved fr
Published 21 May, 2005 12:00am
Metals prices mixed

Metals prices mixed

Base metals ended the week mixed on the London Metal Exchange (LME), with a firmer dollar sending copper back below $3,000 a tonne at times, traders said. "There was the usual end-week book-squaring, and with the dollar firming up, we found a few sell-sto
Published 21 May, 2005 12:00am
European gold hits three-month low

European gold hits three-month low

Gold prices buckled on Friday in Europe, dipping to their lowest in three months as the market succumbed to dollar strength against the euro, dealers said. "This lurch down is a bit of a surprise as physical business is very good," a dealer said. "But the
Published 21 May, 2005 12:00am
US MIDDAY: cocoa extend losses on arbitrage selling

US MIDDAY: cocoa extend losses on arbitrage selling

New York cocoa futures ended down Friday, extending the previous session's losses as a strengthening US currency prompted arbitrage selling in an otherwise subdued market environment, traders said. The New York Board of Trade's front-month July cocoa cont
Published 21 May, 2005 12:00am
US MIDDAY: coffee shade up on trade buying

US MIDDAY: coffee shade up on trade buying

Arabica coffee futures posted modest gains Friday, although a lull in seasonal activity kept front-month prices within a narrow trading band for the fourth consecutive session, traders said. "The futures market is quiet. Physical business is very quiet,"
Published 21 May, 2005 12:00am
US MIDDAY: sugar near three-week high on trade, speculative buying

US MIDDAY: sugar near three-week high on trade, speculative buying

Raw sugar futures settled at a near-three-week high Friday on trade and speculative buying on the back of news of a huge Malaysian physical purchase, dealers said. The New York Board of Trade's July raw sugar contract climbed 0.06 cent to 8.59 cents a lb,
Published 21 May, 2005 12:00am
US MIDDAY: wheat gains on technical bounce

US MIDDAY: wheat gains on technical bounce

Wheat futures at the Chicago Board of Trade were higher early on Friday on a mild rebound or technical bounce after the roughly 5 to 6 cent decline on Thursday, traders said. Weather concerns also were supportive for wheat with persistent dry weather in p
Published 21 May, 2005 12:00am
US MIDDAY: corn climbs on weather conditions

US MIDDAY: corn climbs on weather conditions

Corn futures at the Chicago Board of Trade were higher early on Friday amid renewed weather worries, traders said. At 11:20 am CDT (1620 GMT), CBOT corn was unchanged to 3-1/2 cents per bushel higher. July was up 3-1/2 at $2.13 per bushel. Cargill Investo
Published 21 May, 2005 12:00am
US MIDDAY: copper slips on currency-driven selling

US MIDDAY: copper slips on currency-driven selling

Benchmark US copper futures eased on currency-driven selling on Friday morning, after the dollar shot to a seven-month high versus the euro, making dollar-denominated metals less attractive to investors. "We're essentially following the euro, which has br
Published 21 May, 2005 12:00am
US MIDDAY: gold futures sink by fund selling

US MIDDAY: gold futures sink by fund selling

Gold futures in New York sank to their lowest levels since early February on Friday, hit by fund selling as the dollar shot to seven-month highs vs. the euro, which made metals less alluring to investors overseas. By 10:50 am EDT, June delivery gold on th
Published 21 May, 2005 12:00am
A journey of hope

A journey of hope

Pakistani cricket team has gone on their latest tour of the Caribbeans after a successful trip to India. The West Indies, like the past few years are still struggling to upgrade their performance and it is the best opportunity for Pakistan to earn a Test
Published 21 May, 2005 12:00am
BRIDGE NOTES: Deceptive discard baffles declarer

BRIDGE NOTES: Deceptive discard baffles declarer

There are quite a number of hands that appear easy to make for whatever level of the contract. In most cases the partnership having the required number of points in the combined hands reaches a game contract in either no trump or in any of the suits. But
Published 21 May, 2005 12:00am
SPORTS WORLD: A test of strength in the Caribbeans

SPORTS WORLD: A test of strength in the Caribbeans

Pakistan has embarked on its short cricket tour of the West Indies with great expectations of the officials, the fans, as also the general followers of the game. The hosts have always proved to be the dominant figure in the tussles in their backyard and a
Published 21 May, 2005 12:00am
Prosperity has closed the doors

Prosperity has closed the doors

Old grapes of memories are nice ingredient for making a wine which makes unconscious from the present and take us into the past. We often spend time with old memories. Sometimes they give pleasure and sometimes pain, nevertheless we think of them. I also
Published 21 May, 2005 12:00am
LAHORE CULTURAL DIARY: Cholistan festival held

LAHORE CULTURAL DIARY: Cholistan festival held

The Cholistan festival, a couple of exhibitions of paintings and photographs and the three-day book fair were the highlights of cultural events in Lahore this past week. The four-day (May 13-16) Cholistan festival held at the Lahore Arts Council attracted
Published 21 May, 2005 12:00am
Haveli Mian Khan's contribution to Lahore melodic culture

Haveli Mian Khan's contribution to Lahore melodic culture

Lahore is perhaps one among a few cities of the sub-continent, which are known for their multi-faceted personalities. Variously called the city of gardens and the abode of vivacious people; the heart of Pakistan; the granary of music and cultural capital
Published 21 May, 2005 12:00am
BOOK REVIEW: 'Tareekh-e-Hind'

BOOK REVIEW: 'Tareekh-e-Hind'

A few reminisces of British India History of India, the book under review was originally written in English by E. Marsden, a British bureaucrat whose Urdu translation was first published in India a few years ago. The British author had deep interest the h
Published 21 May, 2005 12:00am
LITERACY NOTES: History hits the headlines

LITERACY NOTES: History hits the headlines

The 20th Pakistan History Conference held in Karachi from April 13-15, 2005, became a mega event in the history of this country - a country where the subject of History doesn't figure in the curricula of schools. The event was jointly hosted by Pakistan H
Published 21 May, 2005 12:00am
CURRENT TOPICS: A dog is man's best friend

CURRENT TOPICS: A dog is man's best friend

May be. But to the Muslims it is a Na-pak animal. While the westerners love the pet dogs licking their faces, a Muslim would abhor such contact with any part of the skin. And Pakistan, above all, is a Muslim country. No wonder therefore, all the hue and c
Published 21 May, 2005 12:00am
Enlightened moderation: some suggestions

Enlightened moderation: some suggestions

President Musharraf came out rather belatedly, with the slogan of "enlightened moderation" in the third year of his take-over. Since then, he has been reportedly talking about it as a devoted preacher in domestic and international forums including the UN.
Published 21 May, 2005 12:00am
Project approved to achieve ISO certification for SMEs

Project approved to achieve ISO certification for SMEs

Ministry of Science and Technology (MoST) has approved a project to encourage export-oriented entrepreneurs to acquire ISO certification. The main objective of the programme is to enhance efficiency of entrepreneurs and boost Pakistan's exports by increas
Published 21 May, 2005 12:00am
Lawyers protest against desecration of Holy Quran

Lawyers protest against desecration of Holy Quran

Lawyers and Anjuman Talaba-i-Islam (ATI) on Friday observed the protest day in the country against the desecration of Holy Quran and burnt the US flags and pictures of US president George W. Bush. Activists of ATI staged a demo in front of Press Club Mult
Published 21 May, 2005 12:00am
Zobaida for legislation to stop child trafficking

Zobaida for legislation to stop child trafficking

Federal Minister for Social Welfare and Special Education, Zobaida Jalal Friday said that Pakistan would soon make legislation to stop child trafficking and protect children's rights. Talking to PTV, she said the government had requested the Unicef to pro
Published 21 May, 2005 12:00am
World Bank consultant arrives in Multan

World Bank consultant arrives in Multan

World Bank, consultant on Agribusiness David B. Parsons on Friday visited Multan and met the members of the Mango Growers Association Pakistan (MGA) to discuss modalities to facilitate mango growers' role in the value chain in mango production and marketi
Published 21 May, 2005 12:00am
Budget will be investor-friendly: Ashfaq

Budget will be investor-friendly: Ashfaq

Adviser Ministry of Finance Dr Ashfaq Hasan Khan has said the forthcoming budget would be investors friendly. Speaking in a PTV programme he said, "It will be a pro- investment, pro-growth budget." He said, achievement of 8.357 GDP growth reflects economi
Published 21 May, 2005 12:00am
EPB to set up warehouses abroad to facilitate exporters

EPB to set up warehouses abroad to facilitate exporters

The Export Promotion Bureau (EPB) is finalising necessary arrangements to launch warehousing pilot project in various countries of the world in near future. Official sources told Business Recorder here on Friday that the proposed warehouses would b
Published 21 May, 2005 12:00am
Two-hour token strike against PTCL sell-off

Two-hour token strike against PTCL sell-off

Token strike was observed for two hours from 10am to 12am in all the exchanges of southern Punjab, offices of General Manager PTCL, Directors Phones, Telegraph, Development to press the authorities for protection of their jobs following the privatisation
Published 21 May, 2005 12:00am
New New York restaurant turns immigrants into owners

New New York restaurant turns immigrants into owners

It's the American dream, but for a group of immigrant workers whose colleagues were killed in the September 11, 2001, attacks on the World Trade Center, opening a new restaurant means more than that. The restaurant will honour the group's 73 co-workers wh
Published 21 May, 2005 12:00am
An open letter to Shaukat Aziz

An open letter to Shaukat Aziz

In the history of Pakistan, never before have we had a Prime Minister as the one in office today who had continuously given us so much good news about the prosperity and well-being of our country. Everyday, the newspapers come out with screaming headlines
Published 21 May, 2005 12:00am
Need to restructure tax system in budget-III

Need to restructure tax system in budget-III

It is painful to note that the present structure of presumptive taxation has complicated the poverty problem of Pakistan. According to an Asian Development Bank study, the tax system of Pakistan, which was progressive till 1990, was converted into a regre
Published 21 May, 2005 12:00am
Sunflower seed crisis in Sindh

Sunflower seed crisis in Sindh

According to a report appearing in this newspaper on May 5, a team of experts, which surveyed the entire area of cultivation of sunflower in lower Sindh, found fruiting body missing in the plants grown, thereby declaring it a total loss. Needless to point
Published 21 May, 2005 12:00am
Musharraf after 2007

Musharraf after 2007

Federal Minister of Information Sheikh Rashid's statement to journalists the other day that General Musharraf would continue as President after his current term expires in 2007, has raised a mini-furore throughout the country. The opposition and analysts
Published 21 May, 2005 12:00am
Criminal indictments at AIG considered

Criminal indictments at AIG considered

A New York grand jury is investigating possible criminal conduct at insurance company American International Group Inc, Bloomberg News reported on Friday. New York Attorney General Eliot Spitzer is giving evidence that may result in indictments, Bloomberg
Published 21 May, 2005 12:00am
Textile exporters visiting China

Textile exporters visiting China

Four leading Pakistani exporters of textile garments are exhibiting in one of the four cities ie Guangzhou on May 28 to 30 to meet with the buyers from US apparel giants like Warnaco, the owner of brands Speedo, Calvin Klein Jeans, Nautica and Chaps. In t
Published 21 May, 2005 12:00am
Ringgit peg to remain: Badawi

Ringgit peg to remain: Badawi

Malaysia will not adjust its currency peg of 3.80 ringgit to the dollar for the time being but is closely watching developments in the capital market, Prime Minister Abdullah Ahmad Badawi said. Many people do not like Malaysia having the peg but it is mor
Published 21 May, 2005 12:00am
UK investors cautious over rise in chairman's pay

UK investors cautious over rise in chairman's pay

Pay for British company chairmen should not be allowed to rocket in the same way that chief executive compensation has in recent years, the UK's biggest shareholder group and other large investors warn. Institutional investors have concentrated on CEOs an
Published 21 May, 2005 12:00am
Harmony fails in fiesty bid to create number one gold miner

Harmony fails in fiesty bid to create number one gold miner

A fiesty attempt by South Africa's mining giant Harmony to create the world's largest gold producer by taking over rival Gold Fields abruptly ended Friday after seven months of court battles and mudslinging. A high court ruled in favour of Gold Fields whe
Published 21 May, 2005 12:00am
Euro Disney changes chief executive

Euro Disney changes chief executive

The Euro Disney theme park near Paris announced on Friday that its chief executive Andre Lacroix was leaving to be replaced by managing director Karl Holz. Holz becomes the sixth chairman in 13 years since the park was opened in 1992. A US national of Ger
Published 21 May, 2005 12:00am
Vigilance bodies to supervise tobacco marketing operations

Vigilance bodies to supervise tobacco marketing operations

Pakistan Tobacco Board (PTB) has constituted vigilance committees, comprising of representatives of PTB, provincial agricultural department, tobacco growers and tobacco companies to supervise tobacco marketing operations at the purchase depots of tobacco
Published 21 May, 2005 12:00am
IBM's services business picks up

IBM's services business picks up

IBM's services business has seen a pick-up in the weak parts that had led to a sharp fall in its recent results, but a sustained recovery may prove elusive until the second half, a senior executive said on Friday. John Joyce - head of IBM Global Services,
Published 21 May, 2005 12:00am
Shaukat visits Millat Tractors stall at Kissan Mela

Shaukat visits Millat Tractors stall at Kissan Mela

Prime Minister Shaukat Aziz along with Punjab Governor Lieutenant General Khalid Maqbool (Retd), Chief Minster Punjab Chaudhry Pervez Elahi, Federal Minister for Food and Agriculture Sikandar Hayat Boson visited the stall of Millat Tractors Ltd at Kissan
Published 21 May, 2005 12:00am
Iranian oil company plans to invest in Pakistan

Iranian oil company plans to invest in Pakistan

An Iranian oil company is planning to invest in Pakistan, starting initially with marketing its products and later setting up an establishment for motoor oil blending and packaging. Ghatran Kaveh Motor Oil Company, which took part in the Pakistan Oil, Gas
Published 21 May, 2005 12:00am
Keenjhar tourism bus to be inaugurated today

Keenjhar tourism bus to be inaugurated today

Sindh Minister for Culture and Tourism, Shabbir Ahmed Qaimkhani would inaugurate Karachi-Keenjhar tourism bus service on the occasion of 'World Culture Day' on May 21. The air-conditioned government bus service would ply from Karachi-Keenjher-Karachi on S
Published 21 May, 2005 12:00am
'PTCL employees interests to be safeguarded'

'PTCL employees interests to be safeguarded'

Pakistan Telecommunication Company Limited (PTCL) management would safeguard the interests of its employees in the privatisation process. This was stated by Senior Executive Vice President (Human Resource), Shahzad Sadan, while talking to the newsmen at P
Published 21 May, 2005 12:00am
Overhead walkway on Islamabad highway opens

Overhead walkway on Islamabad highway opens

Minister for Information and Broadcasting Sheikh Rashid Ahmed on Friday inaugurated the overhead walk-way on Islamabad Highway near Dhoke Kala Khan, which has been completed at a cost of Rs 6.7 million. Speaking on the occasion, he said the overhead bridg
Published 21 May, 2005 12:00am
Visual and theme park

Visual and theme park

Sindh Chief Secretary, Fazlur Rehman has called a meeting on Saturday to review the scheme of visual and theme park at Shaikh Abdul Qadir Jilani flyover (formerly FTC flyover). The meeting will be attended by City Nazim, Additional Chief Secretaries of De
Published 21 May, 2005 12:00am
Fire officers' body formed

Fire officers' body formed

Officers associated with fire departments of different government and semi-government organisations have formed their own platform 'Pakistan Fire Officers Association' to work for the well being of the officials. According to statement, they have selected
Published 21 May, 2005 12:00am
Duty waiver on POL products proposed

Duty waiver on POL products proposed

The Council of Karachi Industrial Associations (CKIA) has suggested that the excise duty on petroleum, oil and lubricants (POL) products prices be abolished and the fuel surcharge be reduced to give relief to all common man as well as business community.
Published 21 May, 2005 12:00am
Prices of kiddi shrimps decline

Prices of kiddi shrimps decline

Prices of kiddi (small) shrimps on Friday declined by Rs 20 in the market to Rs 65 per kilo on the news of ban on the exports of seafood export, market sources said. A seafood exporter who preferred not to be quoted said that kiddi shrimp was selling at R
Published 21 May, 2005 12:00am
Global partnership against poverty

Global partnership against poverty

Association of Chartered Certified Accountants (ACCA) and ActionAid, international developing agency, have announced their global partnership against poverty by encouraging young accountants to volunteer their skills to help tackle this problem. Chief exe
Published 21 May, 2005 12:00am
Mobilink launches GPRS service

Mobilink launches GPRS service

Mobilink, the country's largest cellular service provider, on Friday launched its much-awaited GPRS powered services with a WAP portal. The company has initially offered the GPRS service to its privileged customers using 'Indigo package' in Karachi, Lahor
Published 21 May, 2005 12:00am
Reyaz Shaffi new FPCCI privatisation body chief

Reyaz Shaffi new FPCCI privatisation body chief

Mian Reyaz Shaffi has been nominated Chairman of the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) Standing Committee on Privatisation by FPCCI President Chaudhry Muhammad Saeed. A former Chairman of Karachi Cotton Association and fou
Published 21 May, 2005 12:00am
Need to adopt local cool chain system for fruit exports stressed

Need to adopt local cool chain system for fruit exports stressed

Owing to poor post-harvest handling facilities, particularly the absence of local cool chain system, an estimated 15-20 percent of total exportable produce of perishable items is wasted annually. This wastage causes millions of rupees losses to national e
Published 21 May, 2005 12:00am
The Weather

The Weather

The weather report on Friday (May 20) and the forecast for Saturday (May 21, 2005).
Published 21 May, 2005 12:00am
LSE suspends trading of two companies

LSE suspends trading of two companies

The Lahore Stock Exchange (LSE) Board of Directors has suspended trading in the shares of Crescent Spinning Mills and Colony Woolen Mills in the interest of general public for a period of 60 days, effective from May 19. In two separate notices circulated
Published 21 May, 2005 12:00am
New York cotton

New York cotton

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

Published 21 May, 2005 12:00am
World Bank to conduct study on export competitiveness

World Bank to conduct study on export competitiveness

The World Bank is going to conduct a study on growth and export competitiveness of Pakistan. The International Consultant appointed by the Bank to carry out this study John Arnold held a meeting here on Friday with Small and Medium Enterprise Development
Published 21 May, 2005 12:00am
New York cotton

New York cotton

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

Published 21 May, 2005 12:00am
Key stock market movements at 1700 GMT on May 20

Key stock market movements at 1700 GMT on May 20

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 21 May, 2005 12:00am
Pakistan poised to enter world market

Pakistan poised to enter world market

Pakistan has completed 90 percent of the requirements for entry into the international marketplace and its production processes are in place, ready for value addition through a scientific branding process. This was stated by Naseem Javed, Chief Executive
Published 21 May, 2005 12:00am
LHC rejects plea for adultery charges on basis of DNA test

LHC rejects plea for adultery charges on basis of DNA test

The Lahore High Court (LHC), while allowing post-arrest bail to one Muhammad Azhar, has observed that DNA test is not acceptable in a case falling under the penal provisions of Zina punishable under the Hadood laws. The court further observed that the uti
Published 21 May, 2005 12:00am
Plea against marathon

Plea against marathon

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) against the NGOs, who have planned to hold a joint marathon in the City. The petitioner, M.D. Tahir contended that marathon is an unIslamic event and the
Published 21 May, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 20, 2005).

Published 21 May, 2005 12:00am
Tabba's death condoled

Tabba's death condoled

President Karachi Chamber of Commerce and Industry (KCCI) Khalid Firoz and member KCCI Managing Committee M Yakub Karim, who is also the patron-in-chief of the Pakistan Soap Manufacturers Association (PSMA), have expressed their deep sense of sorrow and g
Published 21 May, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (May 20) and for Saturday (May 21, 2005).
Published 21 May, 2005 12:00am
Hamdard University convocation

Hamdard University convocation

The ninth convocation of Hamdard University, Karachi will be held on Saturday (May 21) at the Madinat-ul-Hikmat to confer degrees to 1,525 graduates and scholars. According to a press release a total of 49 gold medals will be awarded to the best graduates
Published 21 May, 2005 12:00am
Bounty on Rehman Dacait doubled

Bounty on Rehman Dacait doubled

The Sindh government has doubled the head-money on notorious Rehman Dacait from 2 million to 4 million rupees. Rs 2.5 million bounty was also announced for another wanted culprit Arshad Pappu. Sindh Home Minister, Rauf Siddiqui announced this while talkin
Published 21 May, 2005 12:00am
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