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Print - 2004-01-13
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 13 Jan, 2004 12:00am
GST relief on security equipment for President House

GST relief on security equipment for President House

The government has given exemption of General Sales Tax (GST) on the import of communication equipment to be installed at the President House for beefing up the security apparatus.
Published 13 Jan, 2004 12:00am
Government attitude towards opposition flayed

Government attitude towards opposition flayed

Members of Punjab Assembly Malik Abrar from PP-10 and Chaudhry Ayaz from PP-9 have criticised double standards of the Punjab government and said that they were not being provided the development funds of Rs 5 million per member.
Published 13 Jan, 2004 12:00am
Quran Khawani held for late Hameed Jatoi

Quran Khawani held for late Hameed Jatoi

Quran Khawani and special prayers were held by the management of Pakistan Steel here on Monday in the mosques of Head Office and Steel Town for the departed soul of renowned parliamentarian and legendary politician Abdul Hameed Jatoi, father of Federal Mi
Published 13 Jan, 2004 12:00am
601 Pakistanis in Afghan prisons

601 Pakistanis in Afghan prisons

As many as 601 Pakistani prisoners are detained in Afghan prisons and 540 of them are imprisoned in Shabargan prison.
Published 13 Jan, 2004 12:00am
Saudi Arabian armed forces team arrives

Saudi Arabian armed forces team arrives

A ten-member delegation of Saudi Arabian Armed Forces led by Major General Khaled Bin Abdul Aziz arrived here on Monday on a week-long official visit to Pakistan.
Published 13 Jan, 2004 12:00am
Crime graph moves up

Crime graph moves up

As many as 9,791 people were killed in 2003 in various incidents including domestic disputes as well as terrorist attacks while murder attempts left some 12,163 victims injured, mutilating and severing their body limbs in most cases, according to a report
Published 13 Jan, 2004 12:00am
NPC arrangements

NPC arrangements

A meeting of organising committee of National Poultry Congress-2004 will be held on Sunday (January 18) here at PPA, Punjab Zone, to finalise the arrangements of the Congress 2004.
Published 13 Jan, 2004 12:00am
Ruling elite criticised for failing to check price hike

Ruling elite criticised for failing to check price hike

Due to utter disregard by the ruling elite of welfare and development of the oppressed section of the society exploitation of consumers has reached its height as the country has never seen such a culture of plunder and loot before.
Published 13 Jan, 2004 12:00am
Opposition in Punjab Assembly opposes Gujrat University bill

Opposition in Punjab Assembly opposes Gujrat University bill

Opposition in the Punjab Assembly on Monday heavily opposed the University of Gujrat Bill 2003, saying that it should be built in deprived areas of the province otherwise a sense of deprivation would prevail in such areas.
Published 13 Jan, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

NJLI Pen Fund Rates on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Cop dies and 13 hurt in occupied Kashmir

Cop dies and 13 hurt in occupied Kashmir

A policeman was killed and 13 people were injured when a police patrol came under attack in Indian occupied Kashmir on Monday, an occupation police spokesman said.
Published 13 Jan, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

NJLI Pen Fund Rates on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Cop dies and 13 hurt in occupied Kashmir

Cop dies and 13 hurt in occupied Kashmir

A policeman was killed and 13 people were injured when a police patrol came under attack in Indian occupied Kashmir on Monday, an occupation police spokesman said.
Published 13 Jan, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

NJLI Pen Fund Rates on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
US troops kill seven Iraqis

US troops kill seven Iraqis

Seven Iraqis believed to have been stealing fuel from a pipeline were killed on Sunday in a firefight with US troops near the town of Samarra, north of Baghdad, the US military said on Monday.
Published 13 Jan, 2004 12:00am
US troops kill seven Iraqis

US troops kill seven Iraqis

Seven Iraqis believed to have been stealing fuel from a pipeline were killed on Sunday in a firefight with US troops near the town of Samarra, north of Baghdad, the US military said on Monday.
Published 13 Jan, 2004 12:00am
Saudi group and Pakistan Steel discuss billet mill project

Saudi group and Pakistan Steel discuss billet mill project

A ten-member delegation of Al-Tuwairqi Group of Companies, visiting Karachi from Saudi Arabia, discussed the prospects of investment in Billet Mills with director (technical services), Pakistan Steel, Taha Saeed, proposed to be established at Pakistan Ste
Published 13 Jan, 2004 12:00am
Saudi group and Pakistan Steel discuss billet mill project

Saudi group and Pakistan Steel discuss billet mill project

A ten-member delegation of Al-Tuwairqi Group of Companies, visiting Karachi from Saudi Arabia, discussed the prospects of investment in Billet Mills with director (technical services), Pakistan Steel, Taha Saeed, proposed to be established at Pakistan Ste
Published 13 Jan, 2004 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Rs 6 billion duty drawback paid in July-December

Rs 6 billion duty drawback paid in July-December

The Central Board of Revenue (CBR) has paid about Rs 6 billion as duty drawback to exporters during July-December (2003-04) whereas claims of less than Rs 1 billion remain pending.
Published 13 Jan, 2004 12:00am
Rs 6 billion duty drawback paid in July-December

Rs 6 billion duty drawback paid in July-December

The Central Board of Revenue (CBR) has paid about Rs 6 billion as duty drawback to exporters during July-December (2003-04) whereas claims of less than Rs 1 billion remain pending.
Published 13 Jan, 2004 12:00am
Standard Life set to clarify reserves doubts

Standard Life set to clarify reserves doubts

Europe's biggest mutual insurer, Standard Life, said on Monday it expects to clarify its balance sheet position on Tuesday after continuing speculation forced it to suspend dealings in its subordinated debt.
Published 13 Jan, 2004 12:00am
Taleban attack army post: 10 killed

Taleban attack army post: 10 killed

Taleban guerrillas firing assault rifles and rocket-propelled grenades attacked an Afghan army post on Monday and killed 10 soldiers, a spokesman for the radical Islamic group said.
Published 13 Jan, 2004 12:00am
Taleban attack army post: 10 killed

Taleban attack army post: 10 killed

Taleban guerrillas firing assault rifles and rocket-propelled grenades attacked an Afghan army post on Monday and killed 10 soldiers, a spokesman for the radical Islamic group said.
Published 13 Jan, 2004 12:00am
FPCCI ailment will now echo in National Assembly and Senate

FPCCI ailment will now echo in National Assembly and Senate

From the court rooms and precincts of the high courts of Lahore and Sindh, the current malaise of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will now get aired in the imposing halls of the National Assembly and the Senate.
Published 13 Jan, 2004 12:00am
FPCCI ailment will now echo in National Assembly and Senate

FPCCI ailment will now echo in National Assembly and Senate

From the court rooms and precincts of the high courts of Lahore and Sindh, the current malaise of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will now get aired in the imposing halls of the National Assembly and the Senate.
Published 13 Jan, 2004 12:00am
China and Australia boost trade ties in 2002-03

China and Australia boost trade ties in 2002-03

China increased its imports of Australian products by 12 percent in 2002/03 from a year earlier as bilateral trade ties strengthened despite a tough year in which total Australian merchandise exports fell six percent, a government report said on Monday.
Published 13 Jan, 2004 12:00am
LG Card to replace management

LG Card to replace management

State-run Korea Development Bank (KDB) said on Monday it would replace the management of LG Card Co soon after leading a $4.5 billion rescue of the company, the country's largest credit card issuer.
Published 13 Jan, 2004 12:00am
Bus service: PTDC and DTC to sign protocol on January 13

Bus service: PTDC and DTC to sign protocol on January 13

The Pakistan Tourism Development Corporation (PTDC) and the Delhi Transport Corporation (DTC) will sign a protocol on January 13 to extend the existing agreement for Lahore-Delhi-Lahore bus service.
Published 13 Jan, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
First Supreme Court bench reconstituted

First Supreme Court bench reconstituted

The First Bench of the Supreme Court that is also called the Chief Justice's bench has been reconstituted and till coming Friday it will be presided over by Justice Iftikhar Muhammad Chaudhry, the senior puisne member of the full court.
Published 13 Jan, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Fruit exporters not allowed duty-free import of cartons

Fruit exporters not allowed duty-free import of cartons

The Customs has refused permission to the registered fruit exporters to import cartons free of duty under the Duty and Tax Remission Rules for Exports (DTRE), on the grounds that cartons are simply used for packing and there is no value addition.
Published 13 Jan, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Fruit exporters not allowed duty-free import of cartons

Fruit exporters not allowed duty-free import of cartons

The Customs has refused permission to the registered fruit exporters to import cartons free of duty under the Duty and Tax Remission Rules for Exports (DTRE), on the grounds that cartons are simply used for packing and there is no value addition.
Published 13 Jan, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Intel and IBM backing fund to defend Linux users

Intel and IBM backing fund to defend Linux users

Intel Corp and International Business Machines Corp are contributing to a new fund to defend Linux users against copyright infringement suits threatened by SCO Group Inc, the Wall Street Journal said on Monday.
Published 13 Jan, 2004 12:00am
Sainsbury third-quarter sales flat

Sainsbury third-quarter sales flat

British supermarket chain J Sainsbury Plc said its underlying UK sales growth was just 0.1 percent in its third quarter on Monday as upgrades to systems and distribution depots disrupted sales.
Published 13 Jan, 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 Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Sainsbury third-quarter sales flat

Sainsbury third-quarter sales flat

British supermarket chain J Sainsbury Plc said its underlying UK sales growth was just 0.1 percent in its third quarter on Monday as upgrades to systems and distribution depots disrupted sales.
Published 13 Jan, 2004 12:00am
Web delay worries for airlines

Web delay worries for airlines

Maddening airport check-in delays triggered by security concerns could soon hit online travel reservations as analysts predict a crackdown on Internet air bookings.
Published 13 Jan, 2004 12:00am
Governance experts had warned on Parmalat set-up

Governance experts had warned on Parmalat set-up

Big investors were warned about weaknesses in Italian milk conglomerate Parmalat's business style before its financial scandal broke, reports from corporate governance researchers show.
Published 13 Jan, 2004 12:00am
No change in Kashmir stance

No change in Kashmir stance

A spokesman for the Foreign Office has rejected suggestions that various recent statements reflected a change in the traditional stance of Pakistan on the Kashmir dispute, saying Islamabad still believed that a solution to the problem could not be achieve
Published 13 Jan, 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 Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
No change in Kashmir stance

No change in Kashmir stance

A spokesman for the Foreign Office has rejected suggestions that various recent statements reflected a change in the traditional stance of Pakistan on the Kashmir dispute, saying Islamabad still believed that a solution to the problem could not be achieve
Published 13 Jan, 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 Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Tighter monetary policy not on the cards in third quarter

Tighter monetary policy not on the cards in third quarter

With inflation rate continuously showing an upward trend for the last sixth months, there still appears to be hesitancy on the part of the economic managers to tighten the monetary policy in the third quarter of FY 2003-04, as the inflation rate for the f
Published 13 Jan, 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 Monday (January 12, 2004).
Published 13 Jan, 2004 12:00am
Tighter monetary policy not on the cards in third quarter

Tighter monetary policy not on the cards in third quarter

With inflation rate continuously showing an upward trend for the last sixth months, there still appears to be hesitancy on the part of the economic managers to tighten the monetary policy in the third quarter of FY 2003-04, as the inflation rate for the f
Published 13 Jan, 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 13 Jan, 2004 12:00am
World airline traffic to grow 4 percent in 2004

World airline traffic to grow 4 percent in 2004

The International Civil Aviation Organisation (ICAO) revised down on Monday its expectations for a recovery of world airline passenger traffic, which has gathered steam since the Sars outbreak in early 2003.
Published 13 Jan, 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 13 Jan, 2004 12:00am
French journalists released

French journalists released

A court on Monday freed two French journalists who had been given six-month jail terms at the weekend for violating the country's visa regulations.
Published 13 Jan, 2004 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bulls continued to stay in the driving seat on the Islamabad Stock Exchange (ISE) where equities continued to show healthy signs amid increase in index.
Published 13 Jan, 2004 12:00am
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