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Print - 2004-05-05
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 05 May, 2004 12:00am
Opposition flays monopoly of transport company

Opposition flays monopoly of transport company

Combined opposition in the Senate on Tuesday condemned the monopoly of a private bus company at the cost of depriving thousands of other transporters of their livelihood.
Published 05 May, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The 12th session of the Senate, requisitioned by the Opposition, opened here on Tuesday. Given that it was in the Opposition's interest that proceedings should be peaceful, the house remained tranquil, though speeches by its members were biting and at tim
Published 05 May, 2004 12:00am
'Government afraid of Shahbaz's popularity'

'Government afraid of Shahbaz's popularity'

President PML-N Punjab Sardar Zulfiqar Ali Khosa has said that process of change in the country will be started from the day when Shahbaz Sharif will arrive in the country.
Published 05 May, 2004 12:00am
Supreme Court benches for this week

Supreme Court benches for this week

The nation's highest court of appeals, the Supreme Court, reopened on Tuesday its current judicial week after a long week-end with the Chief Justice causing five benches to sit at the provincial seats.
Published 05 May, 2004 12:00am
Karachiites continue to suffer power failures

Karachiites continue to suffer power failures

Karachiites continued to suffer from prolong load shedding amid hot and humid weather on Tuesday as KESC failed to meet the city's power supply demand.
Published 05 May, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
Ufone resumes sale of new connection

Ufone resumes sale of new connection

Ufone has resumed the sales of both pre-paid and post-paid connections for Karachi, Lahore, Rawalpindi, Islamabad and other major cities from Wednesday.
Published 05 May, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
SBP team and moneychangers meeting on May 6

SBP team and moneychangers meeting on May 6

A team of State Bank of Pakistan (SBP) will meet the representatives of Rawalpindi/Islamabad Moneychangers Welfare Action Committee on Thursday.
Published 05 May, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
DCET being accredited with PEC

DCET being accredited with PEC

Federal Minister for Education Zobaida Jalal has ordered to accredit the Dawood College of Engineering and Technology (DCET), Karachi, with the Pakistan Engineering Council (PEC), as the college has fulfilled all the requirements set by the PEC.
Published 05 May, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
'Power generation through renewable sources a must'

'Power generation through renewable sources a must'

Federal Minister for Water & Power Aftab Ahmed Khan Sherpao has said that the generation of electricity through use of renewable sources is the need of the hour yo meet increasing power demand.
Published 05 May, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
Pakistan wins UNCHR election

Pakistan wins UNCHR election

Pakistan won the election for the UN Commission for Human Rights (UNCHR) for the next three years here on Tuesday.
Published 05 May, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
Revenue Board directive to RCITs

Revenue Board directive to RCITs

The Central Board of Revenue (CBR) has directed all Regional Commissioners of Income Tax (RCITs) to take appropriate steps for achieving the budgetary targets in the remaining three months of the current financial year.
Published 05 May, 2004 12:00am
Eid-e-Milad celebrated with religious fervour

Eid-e-Milad celebrated with religious fervour

Eid-e-Milad-un-Nabi (PBUH), birth day of Holy Prophet Muhammad (PBUH), was celebrated throughout the country on Monday with religious zeal and fervour with renewed pledge to follow the teachings of Islam and work for the establishment of a tolerant
Published 05 May, 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 Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
Oil and gas moot opens: future challenges for government listed

Oil and gas moot opens: future challenges for government listed

Improving Pakistan's global image, growing regional relationship in economic terms, upgradation of infrastructure, especially the urban renewal, laying cross-border gas pipelines and enhancing social sector investment are future challenges for the governm
Published 05 May, 2004 12:00am
Oil and gas moot opens: future challenges for government listed

Oil and gas moot opens: future challenges for government listed

Improving Pakistan's global image, growing regional relationship in economic terms, upgradation of infrastructure, especially the urban renewal, laying cross-border gas pipelines and enhancing social sector investment are future challenges for the governm
Published 05 May, 2004 12:00am
Shahbaz to return on May 11

Shahbaz to return on May 11

The younger brother of exiled former prime minister Nawaz Sharif plans to return to Pakistan this month in what would be a high stakes challenge to the powerful military and its political supporters.
Published 05 May, 2004 12:00am
Shahbaz to return on May 11

Shahbaz to return on May 11

The younger brother of exiled former prime minister Nawaz Sharif plans to return to Pakistan this month in what would be a high stakes challenge to the powerful military and its political supporters.
Published 05 May, 2004 12:00am
Foreign exchange regime further liberalised

Foreign exchange regime further liberalised

The State Bank of Pakistan (SBP) on Tuesday has further liberalised the foreign exchange regime by exempting the educational course books for the overseas Pakistani students.
Published 05 May, 2004 12:00am
Foreign exchange regime further liberalised

Foreign exchange regime further liberalised

The State Bank of Pakistan (SBP) on Tuesday has further liberalised the foreign exchange regime by exempting the educational course books for the overseas Pakistani students.
Published 05 May, 2004 12:00am
Foreign exchange regime further liberalised

Foreign exchange regime further liberalised

The State Bank of Pakistan (SBP) on Tuesday has further liberalised the foreign exchange regime by exempting the educational course books for the overseas Pakistani students.
Published 05 May, 2004 12:00am
Custom amnesty plan for smuggled cars ruled out

Custom amnesty plan for smuggled cars ruled out

There is no possibility of any 'custom amnesty scheme' for regularisation of non-duty paid smuggled vehicles in Federally Administered Tribal Areas (Fata) in the coming budget, official sources told Business Recorder here on Tuesday.
Published 05 May, 2004 12:00am
Custom amnesty plan for smuggled cars ruled out

Custom amnesty plan for smuggled cars ruled out

There is no possibility of any 'custom amnesty scheme' for regularisation of non-duty paid smuggled vehicles in Federally Administered Tribal Areas (Fata) in the coming budget, official sources told Business Recorder here on Tuesday.
Published 05 May, 2004 12:00am
China pledges to continue work on Gwadar port

China pledges to continue work on Gwadar port

The Chinese government has pledged to continue work on the Gwadar port project so vital for Pakistan's economic development and complete it ahead of schedule as a world class modern port in the region.
Published 05 May, 2004 12:00am
China pledges to continue work on Gwadar port

China pledges to continue work on Gwadar port

The Chinese government has pledged to continue work on the Gwadar port project so vital for Pakistan's economic development and complete it ahead of schedule as a world class modern port in the region.
Published 05 May, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
15 killed and 27 injured as bus overturns

15 killed and 27 injured as bus overturns

Fifteen persons including women were killed and 27 others injured when a bus turned turtle on Motorway near Bhera late on Monday night.
Published 05 May, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
15 killed and 27 injured as bus overturns

15 killed and 27 injured as bus overturns

Fifteen persons including women were killed and 27 others injured when a bus turned turtle on Motorway near Bhera late on Monday night.
Published 05 May, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
US urges Pakistan to kill or capture foreign terrorists

US urges Pakistan to kill or capture foreign terrorists

The US military urged Pakistan on Monday to kill or capture foreign militants holed up near the Afghan border and expressed concern over Pakistan's recent amnesty for several tribal militants.
Published 05 May, 2004 12:00am
US urges Pakistan to kill or capture foreign terrorists

US urges Pakistan to kill or capture foreign terrorists

The US military urged Pakistan on Monday to kill or capture foreign militants holed up near the Afghan border and expressed concern over Pakistan's recent amnesty for several tribal militants.
Published 05 May, 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 Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
EPZs to be set up in Gilgit and NWFP

EPZs to be set up in Gilgit and NWFP

The Export Processing Zone Authority (EPZA) has decided to set up one each Export Processing Zone (EPZ) in NWFP and Northern Areas, to harness the potential of gems, stones, marble and mineral sectors in these areas.
Published 05 May, 2004 12:00am
Daimler converts Hyundai stake into GDRs prior to sale: report

Daimler converts Hyundai stake into GDRs prior to sale: report

US-German auto group DaimlerChrysler has converted its holding in Hyundai Motor into global depository receipts (GDRs) as a first step towards the break-up of its ties with the South Korean partner, reports said Tuesday.
Published 05 May, 2004 12:00am
Poor countries seek to unite before EU trade talks

Poor countries seek to unite before EU trade talks

Trade negotiators from the world's poorest countries are seeking to overcome internal divisions before pressing the newly enlarged European Union for greater access to its markets at talks beginning on Thursday.
Published 05 May, 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 Tuesday (May 04, 2004).
Published 05 May, 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 Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
UK retail sales surge, adds to rate rise pressure

UK retail sales surge, adds to rate rise pressure

British retail sales steamed ahead in April, further evidence that March's dip in sales could have been just a blip, a key industry survey showed on Tuesday, adding pressure on the Bank of England to raise interest rates.
Published 05 May, 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 Tuesday (May 04, 2004).
Published 05 May, 2004 12:00am
WTO heavyweights step up search for farm deal

WTO heavyweights step up search for farm deal

Five core members of the World Trade Organisation, under mounting pressure for a deal on farm trade reform, will meet in Paris next week ahead of a ministerial gathering, diplomats said on Tuesday.
Published 05 May, 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 05 May, 2004 12:00am
Rato set to become IMF's new chief

Rato set to become IMF's new chief

The International Monetary Fund votes on Tuesday for a new managing director, with former Spanish Economy Minister Rodrigo Rato expected to maintain the tradition of a European heading the global lender.
Published 05 May, 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 05 May, 2004 12:00am
Red alert at airports over hijack fears

Red alert at airports over hijack fears

All airports put on red alert after an intelligence report indicated a possible attempt to hijack a plane, an interior ministry spokesman said on Tuesday.
Published 05 May, 2004 12:00am
Red alert at airports over hijack fears

Red alert at airports over hijack fears

All airports put on red alert after an intelligence report indicated a possible attempt to hijack a plane, an interior ministry spokesman said on Tuesday.
Published 05 May, 2004 12:00am
UK wheat surplus seen at 3.8 million tonnes

UK wheat surplus seen at 3.8 million tonnes

Britain should have an exportable wheat surplus of 3.8 million tonnes in 2004/05 (July-June), up from 2.3 million estimated for the current season, the UK's largest farmer-owned grain co-operative, Grain-farmers, said on Tuesday.
Published 05 May, 2004 12:00am
China signs deal to build Chashma-II nuclear power plant

China signs deal to build Chashma-II nuclear power plant

Pakistan and China have agreed to build a second nuclear power plant at Chashma. The new plant, with a capacity of 300 megawatt, will fill in the slot already provided for in the master plan for the Chashma nuclear power project.
Published 05 May, 2004 12:00am
Grain exports from port of Rouen

Grain exports from port of Rouen

Grain exports from the French port of Rouen totalled 398,454 tonnes from April 1-28, comprising 326,782 tonnes of wheat and 71,672 tonnes of barley, port officials said on Tuesday.
Published 05 May, 2004 12:00am
China signs deal to build Chashma-II nuclear power plant

China signs deal to build Chashma-II nuclear power plant

Pakistan and China have agreed to build a second nuclear power plant at Chashma. The new plant, with a capacity of 300 megawatt, will fill in the slot already provided for in the master plan for the Chashma nuclear power project.
Published 05 May, 2004 12:00am
Singapore bunker prices rise

Singapore bunker prices rise

Singapore bunker fuel oil prices rose on Tuesday as soaring benchmark cargo and crude pulled offers higher even as they scared many ship-owners out of an already thinly traded market.
Published 05 May, 2004 12:00am
80 percent Sindh flour mills closed

80 percent Sindh flour mills closed

Pakistan Flour Mills Association (Sindh Zone) claimed on Tuesday that 80 percent flour mills had pulled down their shutters due to deep wheat crisis in the province.
Published 05 May, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 125,934 tonnes of cargo including 97,205 tonnes import and 28,729 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Published 05 May, 2004 12:00am
80 percent Sindh flour mills closed

80 percent Sindh flour mills closed

Pakistan Flour Mills Association (Sindh Zone) claimed on Tuesday that 80 percent flour mills had pulled down their shutters due to deep wheat crisis in the province.
Published 05 May, 2004 12:00am