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Print - 2004-07-23
Parmalat banks share blame for meltdown

Parmalat banks share blame for meltdown

Banks and financial institutions contributed to Parmalat's meltdown late last year through their lax oversight of the Italian food group's tattered accounts, an investigation prepared for Milan prosecutors has found.
Published 23 Jul, 2004 12:00am
CBR to release shipping bills on Plgmea's undertaking

CBR to release shipping bills on Plgmea's undertaking

The Central Board of Revenue (CBR) has agreed to release shipping bills of the leather garments exporters after an undertaking by Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) that there will be no variation in weight mentione
Published 23 Jul, 2004 12:00am
CBR to release shipping bills on Plgmea's undertaking

CBR to release shipping bills on Plgmea's undertaking

The Central Board of Revenue (CBR) has agreed to release shipping bills of the leather garments exporters after an undertaking by Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) that there will be no variation in weight mentione
Published 23 Jul, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
12 killed in renewed clashes in IOK

12 killed in renewed clashes in IOK

Twelve people were killed in separate clashes in Indian occupied Kashmir, while homes and shops were gutted in a gun-battle in the troubled Himalayan territory, police said on Thursday.
Published 23 Jul, 2004 12:00am
Venue for receiving ABL shares sealed bids changed

Venue for receiving ABL shares sealed bids changed

The venue for receipt of sealed bids for sale of 16,376,106 shares of Allied Bank Limited (ABL) under Section 19 (3) of Financial Institution (Recovery Finance) Ordinance 2001 will now be the Board Room on the third floor of ABL, Central Office, Bath Isla
Published 23 Jul, 2004 12:00am
Venue for receiving ABL shares sealed bids changed

Venue for receiving ABL shares sealed bids changed

The venue for receipt of sealed bids for sale of 16,376,106 shares of Allied Bank Limited (ABL) under Section 19 (3) of Financial Institution (Recovery Finance) Ordinance 2001 will now be the Board Room on the third floor of ABL, Central Office, Bath Isla
Published 23 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
Venue for receiving ABL shares sealed bids changed

Venue for receiving ABL shares sealed bids changed

The venue for receipt of sealed bids for sale of 16,376,106 shares of Allied Bank Limited (ABL) under Section 19 (3) of Financial Institution (Recovery Finance) Ordinance 2001 will now be the Board Room on the third floor of ABL, Central Office, Bath Isla
Published 23 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
ABL employees not linked to any bidders

ABL employees not linked to any bidders

The Allied Bank Officers/Executive and the Allied Bank Workers Federation of Pakistan have in a joint statement have categorically denied any link with a prospective bidder for strategic interest in the bank, Iqbal Z. Ahmed and his group of Lahore.
Published 23 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
ABL employees not linked to any bidders

ABL employees not linked to any bidders

The Allied Bank Officers/Executive and the Allied Bank Workers Federation of Pakistan have in a joint statement have categorically denied any link with a prospective bidder for strategic interest in the bank, Iqbal Z. Ahmed and his group of Lahore.
Published 23 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
AT&T retreats from residential phone market

AT&T retreats from residential phone market

AT&T Corp said on Thursday it would no longer compete for traditional residential customers, a historic retreat the once-dominant "Ma Bell" blamed on changing government regulations and consumer demands.
Published 23 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
OECD sets out guidelines for private pension funds

OECD sets out guidelines for private pension funds

The OECD unveiled proposals on Thursday for the management of private pension schemes aimed at ensuring that employees in its 30 member states enjoy adequate retirement benefits.
Published 23 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (July 22, 2004).
Published 23 Jul, 2004 12:00am
LSE index down 12.99 points

LSE index down 12.99 points

Share values slid on Lahore Stock Exchange (LSE) following profit-taking, leading the index in downward direction with declining volumes, indicating lack of interest from potential investors in the market.
Published 23 Jul, 2004 12:00am
LSE index down 12.99 points

LSE index down 12.99 points

Share values slid on Lahore Stock Exchange (LSE) following profit-taking, leading the index in downward direction with declining volumes, indicating lack of interest from potential investors in the market.
Published 23 Jul, 2004 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears returned on the driving seat on the Islamabad Stock Exchange (ISE) where equities suffered losses under the lead of heavyweights amid decrease in index.
Published 23 Jul, 2004 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears returned on the driving seat on the Islamabad Stock Exchange (ISE) where equities suffered losses under the lead of heavyweights amid decrease in index.
Published 23 Jul, 2004 12:00am
Oxfam accuses rich countries of undermining global trade talks

Oxfam accuses rich countries of undermining global trade talks

The development aid charity Oxfam International on Thursday accused rich countries of undermining global trade talks, as World Trade Organisation member states came under growing pressure to overcome deadlock by the end of next week.
Published 23 Jul, 2004 12:00am
Fragile security perception affects investment

Fragile security perception affects investment

The political situation in Pakistan has improved, but the perception of fragile security conditions continues to affect investment, International Monetary Fund (IMF) said on Thursday.
Published 23 Jul, 2004 12:00am
Fragile security perception affects investment

Fragile security perception affects investment

The political situation in Pakistan has improved, but the perception of fragile security conditions continues to affect investment, International Monetary Fund (IMF) said on Thursday.
Published 23 Jul, 2004 12:00am
IMF sees 6 percent GDP growth achievable

IMF sees 6 percent GDP growth achievable

The International Monetary Fund (IMF) has said that the government estimates of at least 6 percent GDP growth for 2004-05 are ambitious but achievable assuming structural reforms should continue.
Published 23 Jul, 2004 12:00am
IMF sees 6 percent GDP growth achievable

IMF sees 6 percent GDP growth achievable

The International Monetary Fund (IMF) has said that the government estimates of at least 6 percent GDP growth for 2004-05 are ambitious but achievable assuming structural reforms should continue.
Published 23 Jul, 2004 12:00am
Poverty reduction needs investment in human capital

Poverty reduction needs investment in human capital

Poverty reduction will require substantial investment in human capital and an improvement in public service delivery, International Monetary Fund (IMF) said here on Thursday.
Published 23 Jul, 2004 12:00am
Poverty reduction needs investment in human capital

Poverty reduction needs investment in human capital

Poverty reduction will require substantial investment in human capital and an improvement in public service delivery, International Monetary Fund (IMF) said here on Thursday.
Published 23 Jul, 2004 12:00am
Drawback rates on PSF-based textile items export raised

Drawback rates on PSF-based textile items export raised

The Central Board of Revenue (CBR) has decided to increase duty drawback rates on the export of wide range of polyester staple fibre-based textile products, including 100 percent polyester staple fibre yarn and polyester-viscose staple fibre blended yarn
Published 23 Jul, 2004 12:00am
Drawback rates on PSF-based textile items export raised

Drawback rates on PSF-based textile items export raised

The Central Board of Revenue (CBR) has decided to increase duty drawback rates on the export of wide range of polyester staple fibre-based textile products, including 100 percent polyester staple fibre yarn and polyester-viscose staple fibre blended yarn
Published 23 Jul, 2004 12:00am
Drawback rates on PSF-based textile items export raised

Drawback rates on PSF-based textile items export raised

The Central Board of Revenue (CBR) has decided to increase duty drawback rates on the export of wide range of polyester staple fibre-based textile products, including 100 percent polyester staple fibre yarn and polyester-viscose staple fibre blended yarn
Published 23 Jul, 2004 12:00am
Drawback rates on PSF-based textile items export raised

Drawback rates on PSF-based textile items export raised

The Central Board of Revenue (CBR) has decided to increase duty drawback rates on the export of wide range of polyester staple fibre-based textile products, including 100 percent polyester staple fibre yarn and polyester-viscose staple fibre blended yarn
Published 23 Jul, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 22,2004).
Published 23 Jul, 2004 12:00am
KSE index loses 14.38 points

KSE index loses 14.38 points

Losers outnumbered gainers on Wednesday following eruption of selling pressure before the closure of the stock market erasing earlier gains.
Published 23 Jul, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 22,2004).
Published 23 Jul, 2004 12:00am
KSE index loses 14.38 points

KSE index loses 14.38 points

Losers outnumbered gainers on Wednesday following eruption of selling pressure before the closure of the stock market erasing earlier gains.
Published 23 Jul, 2004 12:00am
Four categories of shipping agents to pay fixed CED

Four categories of shipping agents to pay fixed CED

The Central Board of Revenue (CBR) has announced that four categories of shipping agents, including non-vessel operating common carriers (NVOCC), international freight forwarders, slot carriers and consolidators would pay a fixed amount of central excise
Published 23 Jul, 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 Thursday (July 22,2004).
Published 23 Jul, 2004 12:00am
Four categories of shipping agents to pay fixed CED

Four categories of shipping agents to pay fixed CED

The Central Board of Revenue (CBR) has announced that four categories of shipping agents, including non-vessel operating common carriers (NVOCC), international freight forwarders, slot carriers and consolidators would pay a fixed amount of central excise
Published 23 Jul, 2004 12:00am
Four categories of shipping agents to pay fixed CED

Four categories of shipping agents to pay fixed CED

The Central Board of Revenue (CBR) has announced that four categories of shipping agents, including non-vessel operating common carriers (NVOCC), international freight forwarders, slot carriers and consolidators would pay a fixed amount of central excise
Published 23 Jul, 2004 12:00am
Musharraf vows to help German bid to salvage Sudan crisis

Musharraf vows to help German bid to salvage Sudan crisis

During his call on President Pervez Musharraf here on Thursday, the visiting German Vice Chancellor and Foreign Minister Joschka Fischer sought his assistance to resolve the conflict raging in Darfur region of southern Sudan saying that the situation was
Published 23 Jul, 2004 12:00am
Musharraf vows to help German bid to salvage Sudan crisis

Musharraf vows to help German bid to salvage Sudan crisis

During his call on President Pervez Musharraf here on Thursday, the visiting German Vice Chancellor and Foreign Minister Joschka Fischer sought his assistance to resolve the conflict raging in Darfur region of southern Sudan saying that the situation was
Published 23 Jul, 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 Thursday (July 22,2004).
Published 23 Jul, 2004 12:00am
Trade policy approved

Trade policy approved

The federal cabinet on Thursday approved new trade policy for the year 2004-05 with export target of $13.7 billion for the current fiscal year.
Published 23 Jul, 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 Thursday (July 22,2004).
Published 23 Jul, 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 Thursday (July 22,2004).
Published 23 Jul, 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 23 Jul, 2004 12:00am
Salient features

Salient features

The salient features of the Trade Policy.
Published 23 Jul, 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 23 Jul, 2004 12:00am
Salient features

Salient features

The salient features of the Trade Policy.
Published 23 Jul, 2004 12:00am
Drive against criminals to continue

Drive against criminals to continue

Sindh Police Chief Syed Kamal Shah said here on Thursday that the operation launched in the Lyari area against criminals, including narcotics and extortion gangs will be pursued vigorously to eliminate all kinds of Mafias from the area.
Published 23 Jul, 2004 12:00am
UK exports 134,026 tonnes wheat to EU

UK exports 134,026 tonnes wheat to EU

UK wheat exporters shipped 134,026 tonnes of wheat to other EU member states in May, taking cumulative overseas shipments for 2003/04 (July-June) to more than 2.08 million tonnes, official customs data showed on Thursday.
Published 23 Jul, 2004 12:00am
Canada stops WTO probe

Canada stops WTO probe

Canada withdrew on Tuesday a request for a World Trade Organisation probe into US anti-dumping and countervailing duties on its red spring wheat exports to give time for a NAFTA appeal to be heard.
Published 23 Jul, 2004 12:00am
Singapore bunker fuel prices weaker

Singapore bunker fuel prices weaker

Singapore bunker or ship fuel prices were steady to weaker on Thursday despite a firmer cargo market on thinning demand.
Published 23 Jul, 2004 12:00am
139 killed in Turkish train accident

139 killed in Turkish train accident

A total of 139 people were killed and 57 others were injured when an express train packed with passengers derailed in north-western Turkey, the undersecretary of the health ministry, Nejdet Unuvar, told the NTV news channel on Thursday.
Published 23 Jul, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 101,688 tonnes of cargo including 87,947 tonnes import and 13,741 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
Published 23 Jul, 2004 12:00am
139 killed in Turkish train accident

139 killed in Turkish train accident

A total of 139 people were killed and 57 others were injured when an express train packed with passengers derailed in north-western Turkey, the undersecretary of the health ministry, Nejdet Unuvar, told the NTV news channel on Thursday.
Published 23 Jul, 2004 12:00am
Indian SWIL copper delays plan to hike output

Indian SWIL copper delays plan to hike output

India's SWIL Ltd has delayed by a couple of months its plans to hike output at its new copper smelter, which began limited production in March after a six-year delay, a company official said on Thursday.
Published 23 Jul, 2004 12:00am
CBOT corn futures lower on ideal US Midwest weather

CBOT corn futures lower on ideal US Midwest weather

Chicago Board of Trade corn futures closed lower on Wednesday as continuing ideal weather for the now-pollinating Midwest corn crop outweighed supportive US corn export news, traders said.
Published 23 Jul, 2004 12:00am