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Print - 2004-08-28
OGDCL officers thank management

OGDCL officers thank management

Newly elected office-bearers of officers association of Oil and Gas Development Company Limited (OGDCL) has thanked the company management for its whole hearted co-operation and posing their confidence into it. The newly elected office bearers promised to
Published 28 Aug, 2004 12:00am
Rashid hints at a bigger cabinet

Rashid hints at a bigger cabinet

Former Information Minister Sheikh Rashid said that the new cabinet might be much bigger than the previous one, and most of its members will take oath either on Tuesday or Wednesday.
Published 28 Aug, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Shaukat Aziz's election as the prime minister was a foregone conclusion, but that it would rejuvenate the Opposition- to the pre-LFO protest level- was definitely not being contemplated in the inner sanctums of power. As soon as Shaukat entered the Nation
Published 28 Aug, 2004 12:00am
Prayers for Iraq's safety

Prayers for Iraq's safety

The faithful prayed for the safety of the Holy Cities of Najaf and Kufa and other cities and the people of Iraq in the Friday prayers, reports UPP correspondent.
Published 28 Aug, 2004 12:00am
'Flour quality to be maintained at all cost'

'Flour quality to be maintained at all cost'

Quality of flour would be maintained at all cost and strict action would be taken against those involved in adulteration and storage of flour. Punjab Food Minister Chaudhry Muhammad Iqbal stated this while presiding over a high level meeting here on Thurs
Published 28 Aug, 2004 12:00am
Ad agents asked to contact CIT for problems solution

Ad agents asked to contact CIT for problems solution

The Central Board of Revenue (CBR) has asked the advertising agents to approach the concerned Commissioner of Income Tax (CIT) for removing the practical difficulties being faced by them in dealing with tax-related matters.
Published 28 Aug, 2004 12:00am
PTCL to change prefixes of two exchanges

PTCL to change prefixes of two exchanges

Pakistan Telecommunication Company Limited (PTCL) has decided to change the prefix of Gulistan-e-Jauhar and Gulzar-e-Hijri exchanges to provide modern facilities to its customers from September one.
Published 28 Aug, 2004 12:00am
BoP may announce 20 percent interim dividend

BoP may announce 20 percent interim dividend

The Board of Directors Bank of Punjab (BoP) in its meeting on Thursday proposed an interim stock dividend for the year ending December 31, 2004 @ 20 percent for its shareholders.
Published 28 Aug, 2004 12:00am
BoP may announce 20 percent interim dividend

BoP may announce 20 percent interim dividend

The Board of Directors Bank of Punjab (BoP) in its meeting on Thursday proposed an interim stock dividend for the year ending December 31, 2004 @ 20 percent for its shareholders.
Published 28 Aug, 2004 12:00am
Cotton crop position reviewed

Cotton crop position reviewed

The position of cotton crop was reviewed at a meeting of Crop Management Committee for Cotton held here under the Chairmanship of Minister Food and Agriculture, Sindh, Airf Mustafa Jatoi.
Published 28 Aug, 2004 12:00am
Warrants of late Mian Meraj issued in SCS case

Warrants of late Mian Meraj issued in SCS case

An Accountability Court (AC) on Friday issued non-bailable arrest warrants of Muhammad Nazir co-accused of former collector land acquisition Asad Lali for September 9, as he failed to appear before the court.
Published 28 Aug, 2004 12:00am
Cultural Club in Bagh-e-Jinnah planned

Cultural Club in Bagh-e-Jinnah planned

A 'Cultural Club' would be established in the building formerly used as Cosmopolitan Club in Bagh-e-Jinnah to promote cultural activities in the city.
Published 28 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Kot Lakhpat jail superintendent summoned

Kot Lakhpat jail superintendent summoned

Additional District and Sessions Judge has directed Superintendent Kot Lakhpat Jail and other officials to appear before the court on August 30 in a petition filed against them by a jail inmate Muhammad Arshad.
Published 28 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Prominent doctors visit Fountain House

Prominent doctors visit Fountain House

Dr Shahid Raza Director Medical Affairs, London (UK), Africa/Middle East, International Medical from M/S GSK and Chaudhry Ejaz Ahmad Director Haroon & Hasnain Marketing Association visited Fountain House, Lahore.
Published 28 Aug, 2004 12:00am
Muslim League parliamentary party meets today

Muslim League parliamentary party meets today

A meeting of the Parliamentary Party of Pakistan Muslim League and its allied parties will be held in the Parliament House at 2:30 pm on Saturday before the start of the session.
Published 28 Aug, 2004 12:00am
Karachi to have 45MW wind power unit shortly

Karachi to have 45MW wind power unit shortly

New Park Energy Limited, a private company, would soon install a 45 megawatt wind driven power generation unit in Karachi, as the first phase of its 400 megawatt project. The decision in this regard was made in a meeting, presided by the Chairman Alternat
Published 28 Aug, 2004 12:00am
Karachi to have 45MW wind power unit shortly

Karachi to have 45MW wind power unit shortly

New Park Energy Limited, a private company, would soon install a 45 megawatt wind driven power generation unit in Karachi, as the first phase of its 400 megawatt project. The decision in this regard was made in a meeting, presided by the Chairman Alternat
Published 28 Aug, 2004 12:00am
Microsoft sets 2006 release for 'Longhorn'

Microsoft sets 2006 release for 'Longhorn'

Microsoft said Friday it plans to broadly release the long-awaited update to its flagship Windows operating system, dubbed "Longhorn," in 2006. The world's largest software company said the update will feature "major" productivity improvements and "signif
Published 28 Aug, 2004 12:00am
Microsoft sets 2006 release for 'Longhorn'

Microsoft sets 2006 release for 'Longhorn'

Microsoft said Friday it plans to broadly release the long-awaited update to its flagship Windows operating system, dubbed "Longhorn," in 2006. The world's largest software company said the update will feature "major" productivity improvements and "signif
Published 28 Aug, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Musharraf welcomes agreement with GCC

Musharraf welcomes agreement with GCC

President General Pervez Musharraf on Friday welcomed the signing of the framework agreement on economic co-operation between Pakistan and the Gulf Co-operation Council, expressing the hope that it would promote economic co-operation, exchange of informat
Published 28 Aug, 2004 12:00am
Bankers urged to promote LC use as transaction mode

Bankers urged to promote LC use as transaction mode

The Chairman of ICC-Pakistan Banking Commission, Ahsan Aziz, on Friday said that the trend to use letter of credit (LC) as mode of trade transactions was declining the world over, necessitating extra effort on the part of the bankers to create awareness a
Published 28 Aug, 2004 12:00am
NFC earns Rs 1,395.23 million profit during 2003-04

NFC earns Rs 1,395.23 million profit during 2003-04

The National Fertiliser Corporation (NFC) has earned a profit of Rs 1,395.23 million in 2003-04 which is 267.44 percent high as compared to the previous year. Moreover, the sales of the units of the corporation during 2003-04 were 18.11 percent high as co
Published 28 Aug, 2004 12:00am
NFC earns Rs 1,395.23 million profit during 2003-04

NFC earns Rs 1,395.23 million profit during 2003-04

The National Fertiliser Corporation (NFC) has earned a profit of Rs 1,395.23 million in 2003-04 which is 267.44 percent high as compared to the previous year. Moreover, the sales of the units of the corporation during 2003-04 were 18.11 percent high as co
Published 28 Aug, 2004 12:00am
Picic declares 12.5 percent cash dividend

Picic declares 12.5 percent cash dividend

Pakistan Industrial Credit and Investment Corporation (Picic) has declared a 12.5 percent interim cash dividend for the second quarter ended on June 30, 2004.
Published 28 Aug, 2004 12:00am
Picic declares 12.5 percent cash dividend

Picic declares 12.5 percent cash dividend

Pakistan Industrial Credit and Investment Corporation (Picic) has declared a 12.5 percent interim cash dividend for the second quarter ended on June 30, 2004.
Published 28 Aug, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Picic declares 12.5 percent cash dividend

Picic declares 12.5 percent cash dividend

Pakistan Industrial Credit and Investment Corporation (Picic) has declared a 12.5 percent interim cash dividend for the second quarter ended on June 30, 2004.
Published 28 Aug, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Ways to enhance Pak-China trade discussed

Ways to enhance Pak-China trade discussed

Pakistan and China discussed proposals for enhancing bilateral trade ties with special emphasis on textile sector. Matters pertaining to such co-operation were discussed at a meeting between Abid Javed Akbar, Vice Chairman, Export Promotion Bureau (EPB) a
Published 28 Aug, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Ways to enhance Pak-China trade discussed

Ways to enhance Pak-China trade discussed

Pakistan and China discussed proposals for enhancing bilateral trade ties with special emphasis on textile sector. Matters pertaining to such co-operation were discussed at a meeting between Abid Javed Akbar, Vice Chairman, Export Promotion Bureau (EPB) a
Published 28 Aug, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
More Sindh phutti moving to Punjab this year

More Sindh phutti moving to Punjab this year

The ginners in Sindh said that buyers from Punjab were offering higher price of phutti which once again had accelerated phutti transfer from Sindh to Punjab. Last year also at the beginning of the season, phutti had started moving from Sindh to Punjab bec
Published 28 Aug, 2004 12:00am
More Sindh phutti moving to Punjab this year

More Sindh phutti moving to Punjab this year

The ginners in Sindh said that buyers from Punjab were offering higher price of phutti which once again had accelerated phutti transfer from Sindh to Punjab. Last year also at the beginning of the season, phutti had started moving from Sindh to Punjab bec
Published 28 Aug, 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 Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Working group to resolve Indo-Pak trade issues suggested

Working group to resolve Indo-Pak trade issues suggested

Prem Malik, leader of the Indian textile delegation and vice-chairman, Synthetic and Rayon Textiles Export Promotion Council, Mumbai, has suggested that a textile sector-working group be formed comprising five members from India and five from Pakistan to
Published 28 Aug, 2004 12:00am
Working group to resolve Indo-Pak trade issues suggested

Working group to resolve Indo-Pak trade issues suggested

Prem Malik, leader of the Indian textile delegation and vice-chairman, Synthetic and Rayon Textiles Export Promotion Council, Mumbai, has suggested that a textile sector-working group be formed comprising five members from India and five from Pakistan to
Published 28 Aug, 2004 12:00am
Glaxo gets off lightly in Spitzer row, shares rise

Glaxo gets off lightly in Spitzer row, shares rise

GlaxoSmithKline Plc has got off more lightly than expected in a high-profile legal clash with New York Attorney General Eliot Spitzer, sending its shares more than 1 percent higher on Friday.
Published 28 Aug, 2004 12:00am
Glaxo gets off lightly in Spitzer row, shares rise

Glaxo gets off lightly in Spitzer row, shares rise

GlaxoSmithKline Plc has got off more lightly than expected in a high-profile legal clash with New York Attorney General Eliot Spitzer, sending its shares more than 1 percent higher on Friday.
Published 28 Aug, 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 Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
PT could hike 2004 dividend by 40 percent

PT could hike 2004 dividend by 40 percent

Portugal Telecom (PT) is expected to hike its 2004 dividend as much as 40 percent from last year, despite spending heavily to buy business units through a joint venture in Brazil, analysts said on Friday.
Published 28 Aug, 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 Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
J-Power sets $3.4 billion IPO, to list on October 6

J-Power sets $3.4 billion IPO, to list on October 6

Electric Power Development Corp (J-Power), Japan's biggest power wholesaler, got the go-ahead on Friday for a 371 billion yen ($3.4 billion) initial public offering, marking the world's second biggest IPO this year and the latest in a raft of Asian power
Published 28 Aug, 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 Friday (August 27, 2004).
Published 28 Aug, 2004 12:00am
Musharraf for keeping national interests supreme

Musharraf for keeping national interests supreme

President Pervez Musharraf has urged all Pakistanis to keep national interests supreme, and strive collectively for achieving all-round development of the country in accordance with its enormous potential.
Published 28 Aug, 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 28 Aug, 2004 12:00am
TCP asked to release sugar in market from September 15

TCP asked to release sugar in market from September 15

The Commerce Ministry has approved Trading Corporation of Pakistan's (TCP) sugar sale plan and asked it to enter the market from September 15. An official privy to the decision told Business Recorder on Friday that the government feels that TCP's i
Published 28 Aug, 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 28 Aug, 2004 12:00am
TCP asked to release sugar in market from September 15

TCP asked to release sugar in market from September 15

The Commerce Ministry has approved Trading Corporation of Pakistan's (TCP) sugar sale plan and asked it to enter the market from September 15. An official privy to the decision told Business Recorder on Friday that the government feels that TCP's i
Published 28 Aug, 2004 12:00am
ISE index scores handsome gains

ISE index scores handsome gains

Equities scored handsome gains at Islamabad Stock Exchange (ISE), under the lead of heavyweights, where bulls snatched the floor from the bears amid increase in index on Friday.
Published 28 Aug, 2004 12:00am
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