News Archives for Print - 2004-06-24

Print - 2004-06-24

LME official prices

LME official prices on Tuesday.

Published 24 Jun, 2004 12:00am

A spokesman of the Punjab Transport Department (PTD) has contradicted a news item appeared in a section of press giving an impression that "the delegation of Asian Development Bank (ADB) has shown dissatisfaction over the performance of PTD and City Distr

Published 24 Jun, 2004 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 23, 2004)

Published 24 Jun, 2004 12:00am

Sozo Park opens at Murree

Chief Executive Somansi Adventure Park, Lower Topa, Murree Sohail Lashari revealed that Recreation Private Limited, which was a sister Sozo Water Park, had opened Sozo Adventure Park at Lower Topa, Murree with a cost of Rs 30 million on BoT basis.

Published 24 Jun, 2004 12:00am

Currency values in term of Special Drawing Rights

The International Monetary Fund(IMF), treasuries' department's currency values in terms of Special Drawing Rights(SDR).

Published 24 Jun, 2004 12:00am

Seminar on stress management on June 26

Shaukat Khanum Memorial Cancer Hospital and Research Centre is organising one-day seminar on 'Stress Management' on Saturday, June 26.

Published 24 Jun, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Piaf seeks cut in duty on tin plates

Pakistan Industrial & Traders Associations Front (Piaf) has urged the government to bring down import duty on tin plates from 25 percent to 10 percent, to ensure availability of cheaper packing material.

Published 24 Jun, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Problems of paper importers to be resolved: FPCCI

Haji Muhammad Yaqoob, member managing committee of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has assured the importers of paper that all the problems faced by them will soon be addressed.

Published 24 Jun, 2004 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Stamp duty withdrawal: Sindh brought at par with other provinces

The withdrawal of stamp duty on airline tickets, announced in the 2004-05 Sindh budget, has placed Sindh at par with other provinces, viz. Punjab, NWFP and Balochistan.

Published 24 Jun, 2004 12:00am

Poultry rates

Wholesale poultry rates on Wednesday (June 23) and rates for Thursday (June 24, 2004).

Published 24 Jun, 2004 12:00am

Jamali to remain prime minister as long as ruling party wants: Shujaat

Pakistan Muslim League President Chaudhry Shujaat Hussain on Wednesday said Prime Minister Mir Zafarullah Khan Jamali will remain in office as long as he enjoyed trust of the Parliament and the ruling party.

Published 24 Jun, 2004 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, June 24, 2004.

Published 24 Jun, 2004 12:00am

Selection of private Haj operators to be transparent

Secretary Religious Affairs Zakat and Usher, Vakil Ahmed Khan has said that a transparent system would be adopted for the selection of private Haj operators.

Published 24 Jun, 2004 12:00am

NJLI Managed Fund prices

Published 24 Jun, 2004 12:00am

The Founders delegation leaves for Sri Lanka

An eight-member delegation of The Founders at the Lahore Chamber of Commerce and Industry (LCCI) has left for Sri Lanka, says a press release issued here on Wednesday.

Published 24 Jun, 2004 12:00am

NJLI Managed Fund prices

Published 24 Jun, 2004 12:00am

One-year extension for freight subsidy sought

The steering committee on freight subsidy has recommended to the Ministry of Commerce (MoC) to extend the deadline for freight subsidy, which expires on June 30, may be extended for a year.

Published 24 Jun, 2004 12:00am

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Balochistan Budget at a glance

The Balochistan budget for 2004-05 at a glance.

Published 24 Jun, 2004 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Balochistan Budget at a glance

The Balochistan budget for 2004-05 at a glance.

Published 24 Jun, 2004 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Supreme Court bench returns Zardari bail plea to chief justice

A Division Bench of the Supreme Court on Wednesday returned to the Chief Justice Nazim Hussain Siddiqui a plea for bail moved on behalf of former Federal Minister Asif Ali Zardari with the request that it should be assigned to a bench constituted afresh f

Published 24 Jun, 2004 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Experts to continue meeting on nuclear CBMs: foreign office

The Foreign Office spokesman on Wednesday said that experts from Pakistan and India would keep meeting periodically to continue their discussions on nuclear confidence building measures. The idea, he said, was to sustain the process and gain positive resu

Published 24 Jun, 2004 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

MNA sworn in

Waqas Akram, elected Member of National Assembly (MNA) through by-election from Jhang, took oath on Wednesday in the house.

Published 24 Jun, 2004 12:00am

THE RUPEE: dollar up sharply in interbank market

Sharp erosion in the gap of the official and open market rates might strengthen the dollar further in the coming days and also help improve the remittances from overseas Pakistanis, currency market experts said on Wednesday.

Published 24 Jun, 2004 12:00am

Pakistan to host ACD's 4th session next year

Pakistan will host the fourth Asia Co-operation Dialogue (ACD) conference in June next year.

Published 24 Jun, 2004 12:00am

THE RUPEE: dollar up sharply in interbank market

Published 24 Jun, 2004 12:00am

Jamali enjoying party, allies' support

Prime Minister Mir Zafarullah Khan Jamali said on Tuesday that he enjoyed full support of his party Pakistan Muslim League (PML) and its allies, and rumours about change of government was nothing but a "political kite-flying".

Published 24 Jun, 2004 12:00am

Investment Banks/Investment Co: FIRST STANDARD INVESTMENT BANK LIMITED - Year Ended 31-12-2003

This investment bank has emerged after merger of other entities into it subsequently the name of the bank was proposed to be changed to Crescent Standard Investment Bank Ltd.

Published 24 Jun, 2004 12:00am

Rain over upper catchment of rivers forecast

As westerly wave over Kashmir has moved further eastward, and is still affecting Kashmir and adjoining Punjab, weather experts have forecast light to moderate rains over upper catchment of all main rivers during the next 24 hours. According to local met o

Published 24 Jun, 2004 12:00am

Investment Banks/Investment Co: FIRST STANDARD INVESTMENT BANK LIMITED - Year Ended 31-12-2003

This investment bank has emerged after merger of other entities into it subsequently the name of the bank was proposed to be changed to Crescent Standard Investment Bank Ltd.

Published 24 Jun, 2004 12:00am

ACD states pledge to move 'hand-in-hand' for better Asia

Pakistan, India, China and 19 other countries have pledged to move "hand-in-hand" to build a better Asia, ensuring good living conditions for their people.

Published 24 Jun, 2004 12:00am

All shares index report

The sector-wise all shares index report on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

JKDF chief's son shot dead in Canada

Younger son of Pandit Bushan Bazaz, Chairman, Jammu and Kashmir Democratic Front (JKDF), Gaurav Bazaz has been shot dead in his office in Toronto (Canada).

Published 24 Jun, 2004 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 24 Jun, 2004 12:00am

Pakistan, other Saarc states join hands at musical feast

The five of the seven South Asian countries and members of the South Asian Association for Regional Co-operation (Saarc), including Pakistan, were represented in Washington on Monday evening at a cultural programme.

Published 24 Jun, 2004 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Jun, 2004 12:00am

Pak-India talks on nuclear CBMs lauded

Japan, Thailand and China have lauded the peace process between Pakistan and India, particularly the dialogue on Nuclear Confidence Building Measures (CBMs), hoping it would lead to a durable peace and security in the region.

Published 24 Jun, 2004 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Jun, 2004 12:00am

PPP MPA takes MMA to task over net profit uncapping

The PPP parliamentary leader in NWFP Assembly on Wednesday took to task the MMA provincial government and its MPAs for discrediting all previous governments for lacking efforts in uncapping the net profit on hydel generation by federal government.

Published 24 Jun, 2004 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 24 Jun, 2004 12:00am

SGS case against Benazir Bhutto and Asif Zardari put off

An Accountability Court here on Wednesday adjourned the hearing of SGS corruption reference against Benazir Bhutto, Asif Zardari and others till July 13.

Published 24 Jun, 2004 12:00am

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

NWFP Assembly calls for implementing wage award

The NWFP Assembly on Wednesday once again called for the implementation of the 7th Wage Board Award in the newspaper industry, and stoppage of the campaign of the publishing of advertisements against it in the newspapers forthwith.

Published 24 Jun, 2004 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 24 Jun, 2004 12:00am

Anomalies body set up

The government on Wednesday constituted the anomalies committee, headed by Naved Ahsan, Secretary, Finance, and decided to receive anomalies from stake holders up to June 30, 2004.

Published 24 Jun, 2004 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Jun, 2004 12:00am

AIOU cancels BA English paper

After receiving some surreptitious information, the Allama Iqbal Open University (AIOU) on Wednesday cancelled the English paper of Bachelor of Arts.

Published 24 Jun, 2004 12:00am

Companies under suspension

"Under Suspension" Companies listed on the Karachi Stock Exchange.

Published 24 Jun, 2004 12:00am

Jehangir Road improvement work begins

The City District Government of Karachi (CDGK) on Wednesday has started improvement and rehabilitation of Jehangir Road from Gurumandir to Teen Hatti.

Published 24 Jun, 2004 12:00am

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 24 Jun, 2004 12:00am

Singapore to utilise technical expertise of Nadra

Singapore government will utilise the technical expertise of Nadra in the identity cards project being initiated in its country.

Published 24 Jun, 2004 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 24 Jun, 2004 12:00am

$500 million US debt write-off accord to be signed on June 28

The government is going to sign an agreement on Monday next for writing off of around $500 million debt out of the remaining $2 billion debt owed by Pakistan to US leaving the total debt to around $1.5 billion.

Published 24 Jun, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 24 Jun, 2004 12:00am

Government can't check misuse of chemicals used as intoxicant, Sindh Assembly told

Sindh Government has expressed its inability to check misuse of chemicals that are available in the local market and being used as intoxicant by a large number of youngsters.

Published 24 Jun, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 24 Jun, 2004 12:00am

Sindh MPAs flay certain budget allocations

Sindh Assembly members discussing provincial budget 2004-5 said that priorities for the allocation of funds in different heads were seemingly misleading and difficult to rationalise and justify.

Published 24 Jun, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 24 Jun, 2004 12:00am

Punjab announces 16 percent increase in pensions

Punjab Finance Minister Hasnain Bahadur Dareshak announced 16 percent increase for pensioners who retired before 1994 and 8 percent increase for those who retired after 1994 effective from July 1, 2004, in the province.

Published 24 Jun, 2004 12:00am

United Money-Market Fund

The Unit Prices for June 24, 2004.

Published 24 Jun, 2004 12:00am

Pakistan Steel may suffer $0.2 million loss as demurrage at Port Qasim

The Pakistan Steel Mill (PSM) is likely to suffer a loss of $0.2 million as demurrage for delay in unloading of coal ship at PSM Jetty at the Port Qasim. The shipping company will charge $50,000 for each day out of schedule.

Published 24 Jun, 2004 12:00am

United Money-Market Fund

The Unit Prices for June 24, 2004.

Published 24 Jun, 2004 12:00am

Power transmission towers blown up

Some unknown miscreants blew up tower 698 of 500 KV Guddu-Dadu Circuit No 1 and tower 91 of 500 KV Guddu Circuit No 2 on Wednesday at 6:05 am simultaneously, said a Wapda's spokesman.

Published 24 Jun, 2004 12:00am

United Money-Market Fund

The Unit Prices for June 24, 2004.

Published 24 Jun, 2004 12:00am

Green stuff's grading: exporters reject Minfal proposal

Fruits and vegetable exporters have turned down a proposal of the Ministry of Food and Agricultural (Minfal) to fix grading of the green stuff meant for export.

Published 24 Jun, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

$90 million World Bank second structural adjustment credit for NWFP

World Bank has approved $90 million Structural Adjustment Credit-II (SAC) for North West Frontier Province (NWFP) to undertake wider provincial reforms.

Published 24 Jun, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Pakistani Dental Surgeon honoured

Dr Mahmood Shah of Karachi has been elected vice-president of the prestigious Asia Pacific Dental Federation (APDF).

Published 24 Jun, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

'No protection to pesticide manufacturers in budget'

The farming community is uncertain over the incentives announced in the federal budget for the financial year 2004-05, as the government has not incorporated those proposals, which were necessary to enhance agriculture production and improve living standa

Published 24 Jun, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Rockets fired at FC post in Wana: ISPR

Miscreants on Wednesday fired rockets at a Frontier Corps camp in Razmak on Tuesday night, however there was no loss of life or damage to property, ISPR said.

Published 24 Jun, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

SSGC inks MoU with Suparco for satellite image

The Sui Southern Gas Company has inked a Memorandum of Understanding (MoU) with Suparco for the procurement of 'Digital Scenes of SPOT-5 Satellite' (2.5 m resolution, black & white) covering company's transmission and distribution network for its GIS Proj

Published 24 Jun, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

People suffer due to CDA's uncanny allotment policy

Allotment of about 1095 plots in I-9 and I-10 industrial estates against the total 1030 planned earlier by the Capital Development Authority (CDA) would compound problems for adjacent residential sectors.

Published 24 Jun, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Charged car-parking: illegal collectors disappear

Illegal collectors of charged car-parking fee disappeared from many sideroads in the city on Wednesday following the appearance of news stories in the newspaper about their activities.

Published 24 Jun, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Cottage industrial area proposed

All Pakistan Cottage Industries and Small Traders Welfare Association and Convenor LCCI Standing Committee for Cottage Industry, Ghulam Sarwar Malik has urged the government to devise a workable and effective strategy to make the country's cottage industr

Published 24 Jun, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

Rangers and BSF discuss security issues

Formal talks between the Pakistan Rangers (Sindh) and Indian Border Security Force (BSF) were held on Wednesday in Khokharapar near Pakistan-India border.

Published 24 Jun, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

National Assembly speaker changes ruling

The Speaker National Assembly, Chaudhry Amir Hussain, on Wednesday changed his ruling to avoid embarrassment at the hands of opposition.

Published 24 Jun, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (June 23, 2004).

Published 24 Jun, 2004 12:00am

FROM A RINGSIDE SEAT

In the Baghdad of yore years Shehrzad had to tell a story, never told before, every night to be able to survive another night. That perhaps is the lot of the hacks who cover the Byzantine politics of Pakistan and the role its chameleon players act out.

Published 24 Jun, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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