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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-07-08
Schedule castes offer support to Shaukat

Schedule castes offer support to Shaukat

The Scheduled Castes Federation of Pakistan (SCFP) has decided to support Shaukat Aziz in the bye-elections from NA-229, Tharparker-I, where scheduled castes have 40 percent of the total registered votes.
Published 08 Jul, 2004 12:00am
'Well-deliberated industrial policy key to stability'

'Well-deliberated industrial policy key to stability'

Well deliberated policy based on integrated approach for the development of industrial sector is imperative to enhance country's economic stability with key focus on employment generation.
Published 08 Jul, 2004 12:00am
No government for four days

No government for four days

Pakistan was without any democratic government for about four days from Jamali's resignation till the installation of Chaudhry Shujaat Hussain.
Published 08 Jul, 2004 12:00am
Haj policy

Haj policy

Haj policy for the next Haj, has been announced by the government; which lays down that 100,000 aspirants would perform Haj under the government scheme and 50,000 under the private scheme.
Published 08 Jul, 2004 12:00am
Cement prices

Cement prices

After a few days of the announcement of the national budget the owners of cement factories raised the prices from Rs 210 to Rs 230 per bag without any notice. The price check committee and the federal government is a silent over the issue.
Published 08 Jul, 2004 12:00am
Warnings

Warnings

Just like the cautionary notice on cigarette packets there should be similar mandatory notices on the following:
Published 08 Jul, 2004 12:00am
Improper bank accounting

Improper bank accounting

Please refer to Ikram Abu Bakar letter published in your June 17, 2004 issue regarding the above.
Published 08 Jul, 2004 12:00am
Poverty runs deep in India despite strong growth

Poverty runs deep in India despite strong growth

Shontish Hansda, a poor 35-year-old villager, lies on the ground outside his small thatched hut desperately trying to draw in some fresh air on a sultry summer afternoon.
Published 08 Jul, 2004 12:00am
An 'ombudsman' in every bank and DFI

An 'ombudsman' in every bank and DFI

The State Bank of Pakistan (SBP), under BPD the Circular- C17 of 2004, dated 7th June 2004, has issued guidelines to the banks and DFIs (the banks) for setting up a complaints section for the resolution of complaints relating to banking services or grieva
Published 08 Jul, 2004 12:00am
Boosting SMEs with sales tax relief

Boosting SMEs with sales tax relief

Now that the Central Board of Revenue (CBR) has de-registered all retailers and manufacturers, following the ten time raise in the exemption threshold of sales tax from Rs 0.5 million to Rs 5 million, thereby also allowing immunity from audit to over 40,0
Published 08 Jul, 2004 12:00am
Needed an autonomous, powerful IRSA

Needed an autonomous, powerful IRSA

The World Bank (WB) in a recent letter to the federal government has identified the reasons behind water-sharing disputes. It has suggested development of a more effective inter-provincial infrastructure to deal with the problem.
Published 08 Jul, 2004 12:00am
Calcorp ratings revised

Calcorp ratings revised

The JCR-VIS Credit Rating Agency has revised the medium- to long-term ratings of Capital Assets Leasing Corporation (Calcorp) from BB+ (Double B plus) to BB (Double B).
Published 08 Jul, 2004 12:00am
Calcorp ratings revised

Calcorp ratings revised

The JCR-VIS Credit Rating Agency has revised the medium- to long-term ratings of Capital Assets Leasing Corporation (Calcorp) from BB+ (Double B plus) to BB (Double B).
Published 08 Jul, 2004 12:00am
DMF Fund earns Rs 93.42 million profit

DMF Fund earns Rs 93.42 million profit

Pakistan Venture Capital Limited, the management company of Dawood Money Market Fund (DMMF), has announced earnings of Rs 93.42 million (Rs 7.62 per unit on face value of Rs 100) for the year ended on June 30, 2004.
Published 08 Jul, 2004 12:00am
DMF Fund earns Rs 93.42 million profit

DMF Fund earns Rs 93.42 million profit

Pakistan Venture Capital Limited, the management company of Dawood Money Market Fund (DMMF), has announced earnings of Rs 93.42 million (Rs 7.62 per unit on face value of Rs 100) for the year ended on June 30, 2004.
Published 08 Jul, 2004 12:00am
Pakistani scientists attend Turkey poultry moot

Pakistani scientists attend Turkey poultry moot

A 14-member scientists' delegation led by Professor Dr Talat Naseer Pasha Dean Faculty of Animal Production and Technology, University of Veterinary and Animal Sciences, Lahore attended the 22nd World Poultry Confress-2004 in Istanbul, Turkey.
Published 08 Jul, 2004 12:00am
Demonstration held against removal of LPG kits from rickshaws

Demonstration held against removal of LPG kits from rickshaws

All Punjab Rickshaw/Taxi Unions Federation Punjab staged a demonstration outside Transport House here on Wednesday in protest against the removal of LPG kits from rickshaws and imposition of heavy fines upon rickshaw drivers.
Published 08 Jul, 2004 12:00am
Askari Bank to be awarded ACCA accreditation

Askari Bank to be awarded ACCA accreditation

In recognition of Askari Commercial Bank's services, which is now providing training to ACCA students, it will be awarded the Association of Chartered Certified Accountants 'Employer Accreditation' at a ceremony here on Thursday.
Published 08 Jul, 2004 12:00am
Pacra maintains Abamco's rating

Pacra maintains Abamco's rating

The Pakistan Credit Rating Agency (Pacra) has maintained the Asset Management Intrinsic Rating of 'aa' (Double a) for Abamco Limited.
Published 08 Jul, 2004 12:00am
Pacra maintains Abamco's rating

Pacra maintains Abamco's rating

The Pakistan Credit Rating Agency (Pacra) has maintained the Asset Management Intrinsic Rating of 'aa' (Double a) for Abamco Limited.
Published 08 Jul, 2004 12:00am
Union Bank ratings reaffirmed

Union Bank ratings reaffirmed

The JCR-VIS Credit and the Pakistan Credit Rating Agency have reaffirmed the long-term entity rating of Union Bank Limited at A+ (A plus) and short-term rating at A-1 (A one) with 'stable' outlook.
Published 08 Jul, 2004 12:00am
Union Bank ratings reaffirmed

Union Bank ratings reaffirmed

The JCR-VIS Credit and the Pakistan Credit Rating Agency have reaffirmed the long-term entity rating of Union Bank Limited at A+ (A plus) and short-term rating at A-1 (A one) with 'stable' outlook.
Published 08 Jul, 2004 12:00am
CDGK establishes rain emergency centres

CDGK establishes rain emergency centres

City District Government Karachi (CDGK), on the directive of the City Nazim, Naimatullah Khan has established Rain Emergency Centres with immediate effect.
Published 08 Jul, 2004 12:00am
DHL launches 'Express Pallet' for exporters

DHL launches 'Express Pallet' for exporters

A leading courier company has launched a new international service for the exporters of textile, automotive, high technology, sports and surgical equipment.
Published 08 Jul, 2004 12:00am
Saudi Pak Bank assigned BBB- rating

Saudi Pak Bank assigned BBB- rating

The JCR-VIS Credit Rating Company has assigned a medium- to long-term entity rating of BBB- (triple B minus) with a 'stable' outlook and a short-term rating of A-3 (A three) to Saudi Pak Commercial Bank Ltd.
Published 08 Jul, 2004 12:00am
Saudi Pak Bank assigned BBB- rating

Saudi Pak Bank assigned BBB- rating

The JCR-VIS Credit Rating Company has assigned a medium- to long-term entity rating of BBB- (triple B minus) with a 'stable' outlook and a short-term rating of A-3 (A three) to Saudi Pak Commercial Bank Ltd.
Published 08 Jul, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (July 07) and the forecast for Thursday (July 08, 2004).
Published 08 Jul, 2004 12:00am
PIDA to introduce participatory irrigation system

PIDA to introduce participatory irrigation system

With an estimated cost of Rs 440 million, Punjab Irrigation and Drainage Authority (PIDA) has chalked out a special plan to introduce participatory irrigation system in the province by constituting Canal Panchait System within next three months.
Published 08 Jul, 2004 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.
Published 08 Jul, 2004 12:00am
Pioneer Cement to issue right shares

Pioneer Cement to issue right shares

Pioneer Cement Limited has decided to issue right shares in the ratio of 50 ordinary shares for every 100 ordinary shares held (50 percent) at par value of Rs 10 each.
Published 08 Jul, 2004 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.
Published 08 Jul, 2004 12:00am
Pioneer Cement to issue right shares

Pioneer Cement to issue right shares

Pioneer Cement Limited has decided to issue right shares in the ratio of 50 ordinary shares for every 100 ordinary shares held (50 percent) at par value of Rs 10 each.
Published 08 Jul, 2004 12:00am
Key stock market movements at 1700 GMT on July 07

Key stock market movements at 1700 GMT on July 07

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 08 Jul, 2004 12:00am
LCCI to open 'Pakistan House' in Tajikistan

LCCI to open 'Pakistan House' in Tajikistan

Lahore Chamber of Commerce & Industry (LCCI) is contemplating to open a display centre of Pakistani products named as "Pakistan House" in Tajikistan in order to tap potential of this market.
Published 08 Jul, 2004 12:00am
'Government intends to inter-link railway track to Afghanistan'

'Government intends to inter-link railway track to Afghanistan'

Federal Minister for Railways Ghaus Bakhsh Maher has disclosed that we intend to inter-link Afghanistan with Pakistan by rail to promote business, trade between two countries and we are negotiating with the Afghan government in this regard, and a feasibil
Published 08 Jul, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 07, 2004)
Published 08 Jul, 2004 12:00am
WWO's workshop concludes

WWO's workshop concludes

A two-day training workshop organised by the Working Women Organisation (WWO) in a bid to create awareness among women about their political and social rights, was concluded here on Wednesday.
Published 08 Jul, 2004 12:00am
PHDEB team to visit India from July 12

PHDEB team to visit India from July 12

Pakistan Horticulture Development and Export Board (PHDEB) would take a delegation to India from July 12 to 19, 2004, in order to examine the practices of the Indian food industry.
Published 08 Jul, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (July 07) and rates for Thursday (July 08, 2004).
Published 08 Jul, 2004 12:00am
UVAS alumni formulates constitution

UVAS alumni formulates constitution

Alumni Association of the University of Veterinary and Animal Sciences (UVAS) has approved the constitution of the association, and also elected its office bearers in a general body meeting held here on Wednesday.
Published 08 Jul, 2004 12:00am
NJLI Managed Fund prices

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, July 08, 2004.
Published 08 Jul, 2004 12:00am
NJLI Managed Fund prices

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, July 08, 2004.
Published 08 Jul, 2004 12:00am
NJLI Managed Fund prices

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, July 08, 2004.
Published 08 Jul, 2004 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
AKUH treats bone marrow transplant patient

AKUH treats bone marrow transplant patient

The first patient treated at the new 'Bone Marrow Transplant' (BMT) Unit at Aga Khan University Hospital (AKUH) was recently discharged from the Hospital after successful treatment lasting 26 days.
Published 08 Jul, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
Clarification about exports from KEPZ sought

Clarification about exports from KEPZ sought

The Pakistan Art Silk Fabrics and Garments Exporters Association (Pasfgea) has said that the Karachi Export Processing Zone (KEPZ) was established to manufacture products for export to tariff area.
Published 08 Jul, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
Punjab chief minister reviews uplift work

Punjab chief minister reviews uplift work

Punjab Chief Minister Chaudhry Pervez Elahi, while chairing a meeting of Murree Development Authority on Wednesday, were assured timely development of infrastructure, and other services in the new city near Murree.
Published 08 Jul, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
LHC sets woman at liberty

LHC sets woman at liberty

Lahore High Court (LHC), while setting a woman Shakila at liberty, who refused to go with her husband, has observed that one could not keep his wife forcibly with him under the law.
Published 08 Jul, 2004 12:00am
Two Pakistanis selected

Two Pakistanis selected

Two young Pakistanis have been selected to represent Pakistan in Italian-led expedition to the K-2 during current month of July.
Published 08 Jul, 2004 12:00am
BMW case hearing put off

BMW case hearing put off

An accountability court here on Wednesday adjourned the hearing of arguments of defence lawyer on acquittal application of Asif Zardari in BMW corruption reference till July 12.
Published 08 Jul, 2004 12:00am
THE RUPEE: range-bound trading in currency market

THE RUPEE: range-bound trading in currency market

The rupee on Wednesday resisted further decline in its overnight levels versus the dollar in the interbank market for buying and selling at Rs 58.20 and Rs 58.22, dealers said.
Published 08 Jul, 2004 12:00am
FPCCI wants member states to implement Safta in letter, spirit

FPCCI wants member states to implement Safta in letter, spirit

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is fully supportive to the implementation of South Asian Free Trade Agreement (Safta), provided its counterparts and the governments of other member countries also come forward with open
Published 08 Jul, 2004 12:00am
THE RUPEE: range-bound trading in currency market

THE RUPEE: range-bound trading in currency market

The rupee on Wednesday resisted further decline in its overnight levels versus the dollar in the interbank market for buying and selling at Rs 58.20 and Rs 58.22, dealers said.
Published 08 Jul, 2004 12:00am
Management skills training offered to Punjab MPAs

Management skills training offered to Punjab MPAs

Punjab Management and Professional Development Minister Sardar Hassan Akhtar Moakal on Wednesday said he had made offer to the Punjab law minister and the Punjab Assembly Speaker a training to the provincial legislators in the field of management skills.
Published 08 Jul, 2004 12:00am
Cut in duties will curb tea smuggling: report

Cut in duties will curb tea smuggling: report

The cut in customs duties on tea imports, announced by the government in the Federal budget for the 2004-05 fiscal year, will curb the smuggling of this important commodity.
Published 08 Jul, 2004 12:00am
Three fake currency dealers arrested

Three fake currency dealers arrested

Shujaabad police have arrested three members of an organised gang who were printing and spreading the counterfeit currency in the markets of Multan, Lodhran, Khanewal, Vehari and Bahawalpur.
Published 08 Jul, 2004 12:00am
Fata development budget up by 22.8 percent

Fata development budget up by 22.8 percent

The annual development budget of the Federally-Administered Tribal Areas (FATA) has been increased by 22.8 percent for the current financial year and the total volume has reached to rupees four billion, while the donor agencies are also running a number o
Published 08 Jul, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
Workshop on childhood education on July 19

Workshop on childhood education on July 19

Children's Resources International (CRI) will organise a teachers' training workshop on 'Early Childhood Education' to enhance capacity of teachers on the topic at AIOU here on July 19.
Published 08 Jul, 2004 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).
Published 08 Jul, 2004 12:00am
Proposed Hasba Bill termed as repugnant to Islam

Proposed Hasba Bill termed as repugnant to Islam

Speakers in a seminar on Wednesday termed the proposed Hasba Bill as repugnant to Islam, saying it would create chaos, anarchy and lawlessness in the province.
Published 08 Jul, 2004 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 08 Jul, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 08 Jul, 2004 12:00am
AKHS,P enters into public-private partnership

AKHS,P enters into public-private partnership

The Aga Khan Health Service, Pakistan (AKHS,P) has entered into a major public-private partnership to provide access to tuberculosis control programme to 1.5 million patients using "Directly Observed Treatment Short" (DOTS) course strategy.
Published 08 Jul, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (July 07, 2004).
Published 08 Jul, 2004 12:00am
PAC directs ministries to strengthen financial controls

PAC directs ministries to strengthen financial controls

Public Accounts Committee of the National Assembly has expressed its dissatisfaction over non-surrender of Rs 426 million in respect of six different grants of Ministry of Food, Agriculture and Livestock (Minfal) for 2000-01.
Published 08 Jul, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 08 Jul, 2004 12:00am
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