News Archives for Print - 2004-09-20

Indus Motors declares 50 percent cash dividend; profit up 17 percent

Indus Motor Company Limited recorded 17.14 percent growth in profit for the year ended June 30, 2004, declaring a final dividend of 50 percent for the period.

Published 20 Sep, 2004 12:00am

Indus Motors declares 50 percent cash dividend; profit up 17 percent

Indus Motor Company Limited recorded 17.14 percent growth in profit for the year ended June 30, 2004, declaring a final dividend of 50 percent for the period.

Published 20 Sep, 2004 12:00am

Saudi court jails academic for views on militants

A court in Saudi Arabia sentenced an Islamist academic to five years in jail on Sunday after convicting him of seeking to justify militant violence in the kingdom, lawyers said.

Published 20 Sep, 2004 12:00am

July oil consumption up by 23 percent

The oil consumption in the country in July rises for the first for the last over 14 months because of the increase in furnace oil usage by the electricity producers after the decline in hyrdo power generation.

Published 20 Sep, 2004 12:00am

July oil consumption up by 23 percent

The oil consumption in the country in July rises for the first for the last over 14 months because of the increase in furnace oil usage by the electricity producers after the decline in hyrdo power generation.

Published 20 Sep, 2004 12:00am

DG Khan Cement posts 71.6 percent profit in FY 2004

The DG Khan Cement, one of the leading cement manufacturers of the country, said its profit recorded an increase of 71.60 percent for the year ended June 30, 2004 as company reduced financial charges and higher sales, adding the profit after-tax (PAT) up

Published 20 Sep, 2004 12:00am

DG Khan Cement posts 71.6 percent profit in FY 2004

The DG Khan Cement, one of the leading cement manufacturers of the country, said its profit recorded an increase of 71.60 percent for the year ended June 30, 2004 as company reduced financial charges and higher sales, adding the profit after-tax (PAT) up

Published 20 Sep, 2004 12:00am

DG Khan Cement posts 71.6 percent profit in FY 2004

The DG Khan Cement, one of the leading cement manufacturers of the country, said its profit recorded an increase of 71.60 percent for the year ended June 30, 2004 as company reduced financial charges and higher sales, adding the profit after-tax (PAT) up

Published 20 Sep, 2004 12:00am

Romania sees 2005 GDP up 7 billion euros at 62 billion

Romania's gross domestic product will rise by around 7 billion euros to about 62 billion euros ($75.52 billion) next year, Finance Minister Mihai Tanasescu said on Sunday.

Published 20 Sep, 2004 12:00am

Iran launches agricultural exchange bourse

Iran on Sunday launched an agricultural commodities exchange, the second in a chain of commodity bourses intended to revitalise the Islamic Republic's traditional trading methods.

Published 20 Sep, 2004 12:00am

Meeting with Musharraf to move ahead talks process: Manmohan

Amid positive indications of first summit level political contact between Islamabad and New Delhi in New York, Indian Prime Minister Manmohan Singh said on Sunday that "this will be a further step in the ongoing dialogue process with Pakistan.

Published 20 Sep, 2004 12:00am

Dispense justice without fear or favour: Justice Akhtar's parting advice to successor

The military regime has really done one good thing to the country's revenue system. In 2000, it appointed a Federal Tax Ombudsman to look into the grievances of the taxpayers. These grievances were too many and pending since 1980s. Like thousands of litig

Published 20 Sep, 2004 12:00am

Dispense justice without fear or favour: Justice Akhtar's parting advice to successor

The military regime has really done one good thing to the country's revenue system. In 2000, it appointed a Federal Tax Ombudsman to look into the grievances of the taxpayers. These grievances were too many and pending since 1980s. Like thousands of litig

Published 20 Sep, 2004 12:00am

17 killed as bus plunges into ravine

At least 17 pilgrims were killed and 28 injured when their bus plunged into a deep ravine in northern Pakistan, police said on Sunday.

Published 20 Sep, 2004 12:00am

17 killed as bus plunges into ravine

At least 17 pilgrims were killed and 28 injured when their bus plunged into a deep ravine in northern Pakistan, police said on Sunday.

Published 20 Sep, 2004 12:00am

5 percent fall in badla investment

The investment in badla market declined by 5 percent during last week because of lower share prices recorded but the badla rates were higher as overnight rates traded between 7 and 7.45 percent.

Published 20 Sep, 2004 12:00am

5 percent fall in badla investment

The investment in badla market declined by 5 percent during last week because of lower share prices recorded but the badla rates were higher as overnight rates traded between 7 and 7.45 percent.

Published 20 Sep, 2004 12:00am

Bearish trend on KSE unabated

The stock market for the fourth consecutive week closed on a negative note which was triggered by margin financing announcement during previous week and continued last week also. However, support came from financial institutions but failed to boot out the

Published 20 Sep, 2004 12:00am

Bearish trend on KSE unabated

The stock market for the fourth consecutive week closed on a negative note which was triggered by margin financing announcement during previous week and continued last week also. However, support came from financial institutions but failed to boot out the

Published 20 Sep, 2004 12:00am

Pakistan winning terrorism battle: Sultan

Pakistan said on Sunday that it has militants on the run in the rugged tribal belt bordering Afghanistan, after a protracted and hard-fought military campaign.

Published 20 Sep, 2004 12:00am

Pakistan winning terrorism battle: Sultan

Pakistan said on Sunday that it has militants on the run in the rugged tribal belt bordering Afghanistan, after a protracted and hard-fought military campaign.

Published 20 Sep, 2004 12:00am

Tax procedure for non-resident companies clarified

The Central Board of Revenue (CBR) has clarified tax deduction procedure for the non-resident companies/persons under Income Tax Ordinance 2001.

Published 20 Sep, 2004 12:00am

Tax procedure for non-resident companies clarified

The Central Board of Revenue (CBR) has clarified tax deduction procedure for the non-resident companies/persons under Income Tax Ordinance 2001.

Published 20 Sep, 2004 12:00am

Rupee/dollar parity rates under pressure

The rupee/dollar parity rates remained under pressure in the inter-bank market last week, money experts said.

Published 20 Sep, 2004 12:00am

Rupee/dollar parity rates under pressure

The rupee/dollar parity rates remained under pressure in the inter-bank market last week, money experts said.

Published 20 Sep, 2004 12:00am

14 hurt in Turkish blast

A bomb placed under a Turkish police car exploded on Sunday, wounding 14 people at a concert venue in southern Turkey, state-run Anatolian news agency reported.

Published 20 Sep, 2004 12:00am

'100 Muslim girls holding out against headscarf law'

Just over a hundred Muslim girls are still refusing to remove their headscarf when they arrive for classes, French Education Minister Francois Fillon said Sunday in a first assessment of the impact of the ban on religious signs in state schools.

Published 20 Sep, 2004 12:00am

Musharraf leaves for US to meet Bush and Manmohan

President General Pervez Musharraf on Sunday departed for the United States where he is due to hold crucial peace talks with Indian Premier Manmohan Singh and meet US President George W. Bush, state media reported.

Published 20 Sep, 2004 12:00am

Musharraf leaves for US to meet Bush and Manmohan

President General Pervez Musharraf on Sunday departed for the United States where he is due to hold crucial peace talks with Indian Premier Manmohan Singh and meet US President George W. Bush, state media reported.

Published 20 Sep, 2004 12:00am

Sindh cane crushing issue turns serious

The question of resumption of seasonal crushing operation by Sindh sugar mills has taken a serious turn following severe warning from the provincial government to the mill-owners to start sugarcane crushing from October 1, to which they seem reluctant.

Published 20 Sep, 2004 12:00am

Sindh cane crushing issue turns serious

The question of resumption of seasonal crushing operation by Sindh sugar mills has taken a serious turn following severe warning from the provincial government to the mill-owners to start sugarcane crushing from October 1, to which they seem reluctant.

Published 20 Sep, 2004 12:00am

11 killed as hostage crisis deepens in Iraq

As Iraqi Prime Minister Allawi was locked in security talks with British Prime Minister Tony Blair in London, at least three people were killed and two wounded after US marines again opened fire in the lawless insurgency bastion of Fallujah, medics said.

Published 20 Sep, 2004 12:00am

11 killed as hostage crisis deepens in Iraq

As Iraqi Prime Minister Allawi was locked in security talks with British Prime Minister Tony Blair in London, at least three people were killed and two wounded after US marines again opened fire in the lawless insurgency bastion of Fallujah, medics said.

Published 20 Sep, 2004 12:00am

The Weather

The weather report on Sunday (September 19) and the forecast for Monday (September 20, 2004).

Published 20 Sep, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 20 Sep, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 20 Sep, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 20 Sep, 2004 12:00am

United Money-Market Fund

The Unit Prices for September 20, 2004.

Published 20 Sep, 2004 12:00am

United Money-Market Fund

The Unit Prices for September 20, 2004.

Published 20 Sep, 2004 12:00am

United Money-Market Fund

The Unit Prices for September 20, 2004.

Published 20 Sep, 2004 12:00am

Atlas Fund Prices

Atlas Fund Prices.

Published 20 Sep, 2004 12:00am

Atlas Fund Prices

Atlas Fund Prices.

Published 20 Sep, 2004 12:00am

Atlas Fund Prices

Atlas Fund Prices.

Published 20 Sep, 2004 12:00am

Returns on Profit and Loss Sharing Bank Accounts (January to June 2004)

Comparative table of returns being given banks on their Profit and Loss Sharing Accounts and Term Deposits.

Published 20 Sep, 2004 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (September 13 to 18, 2004).

Published 20 Sep, 2004 12:00am

Textile Spinning: PREMIUM TEXTILE MILLS LIMITED - Half Year Ended March 31, 2004

Premium Textiles Mills Ltd started its operation in 1987 with 12,480 spindles and served the local markets in the initial years. It is now annually producing 6.790 million kgs of yarn converted into 20/1 count with 20,164 spindles. The company is marketin

Published 20 Sep, 2004 12:00am

Textile Spinning: PREMIUM TEXTILE MILLS LIMITED - Half Year Ended March 31, 2004

Premium Textiles Mills Ltd started its operation in 1987 with 12,480 spindles and served the local markets in the initial years. It is now annually producing 6.790 million kgs of yarn converted into 20/1 count with 20,164 spindles. The company is marketin

Published 20 Sep, 2004 12:00am

Textile Spinning: BABRI COTTON MILLS LIMITED - Half Year Ended March 31 2004

The company was incorporated in NWFP in October 1970 as a public limited company. Its registered office as well as manufacturing facilities are located at Habibabad Kohat. Its shares are quoted at Karachi Stock Exchange (Guarantee) Limited.

Published 20 Sep, 2004 12:00am

Textile Spinning: BABRI COTTON MILLS LIMITED - Half Year Ended March 31 2004

The company was incorporated in NWFP in October 1970 as a public limited company. Its registered office as well as manufacturing facilities are located at Habibabad Kohat. Its shares are quoted at Karachi Stock Exchange (Guarantee) Limited.

Published 20 Sep, 2004 12:00am

Partly Facetious: 'Bush doesn't need Osama any more'

"So Musharraf has agreed to continue wearing two hats?"

Published 20 Sep, 2004 12:00am

Islamic 5M2 to give an edge in WTO 2005

To be geared up, the traders in the world are seriously busy in reshaping their business strategic plans. On the other hand financial sectors and Forfaiting sectors are raising their capital structure to meet the time demand financing and bills discountin

Published 20 Sep, 2004 12:00am

Unfriendly attitude of WTO

An informative ad in the print media (21st July 2004) put in by the EPB states that Pakistan has now been able to increase its exports to the world's most sophisticated markets ranging from 11.64% (Belgium) to 35.61% (Italy). Afghanistan has shown an incr

Published 20 Sep, 2004 12:00am

Power failure

I am much surprised and regret that the KESC once again showed their talent of load shedding for about 6 hours on September 10, 2004 (began load shedding from 6.00 PM sharp up to mid night 12.00 pm).

Published 20 Sep, 2004 12:00am

PIA's delayed flight

A flight delayed enroute is an understandable situation, something which a passenger detests, but tolerates. However when an aircraft deputed to fly from its country of origin of that airline, is found out to have a major defect, just at the time of depar

Published 20 Sep, 2004 12:00am

Bush, Kerry dance to different drummers

US President George W. Bush's backers sway to "we all get a chance - everybody gets to dance - only in America!" Democratic White House hopeful John Kerry's supporters pump their fists to "no retreat, no surrender!"

Published 20 Sep, 2004 12:00am

Woes of NWFP agriculture sector

Agriculture is a way of life, a tradition, which for centuries has shaped the economic life, culture and the thought of the people. The importance of agriculture in the development of a country cannot be ignored. Growth of agriculture is very much essenti

Published 20 Sep, 2004 12:00am

Snags in marketing of cars

At a meeting with the representatives of the Pakistan Automotive Manufacturers Association (PAMA), led by Kunwar Idrees, on Friday September 17, the Federal Minister for Industries and Production Jahangir Tareen expressed his concern over the persistence

Published 20 Sep, 2004 12:00am

Corporatising the government

Every prime minister, when inducted into office, comes up with certain ideas which he thinks are brilliant and would revolutionise the working of the government. Shaukat Aziz, from day one, is all set to fix targets for various ministers and federal secre

Published 20 Sep, 2004 12:00am

Lara all praise for side's composure

West Indies captain Brian Lara praised his side's composure and discipline after they had successfully chased 247 to beat South Africa here at the Oval and win a place in the ICC Champions Trophy semi-finals next week.

Published 20 Sep, 2004 12:00am

Pakistan beat India to meet Windies in semis

Yousuf Youhana's unbeaten 81 saw Pakistan to a thrilling three-wicket win against India at Edgbaston here Sunday and a place in the Champions Trophy semi-finals.

Published 20 Sep, 2004 12:00am

Pakistan beat India to meet Windies in semis

Yousuf Youhana's unbeaten 81 saw Pakistan to a thrilling three-wicket win against India at Edgbaston here Sunday and a place in the Champions Trophy semi-finals.

Published 20 Sep, 2004 12:00am

DCO seeks withdrawal of notification on KBCA

DCO Karachi Mir Hussain Ali has said the notification issued in June this year to the effect that no other law than Sindh Building Control Ordinance is applicable on the Karachi Building Control Authority (KBCA) clashes with the SLGO. He requested the loc

Published 20 Sep, 2004 12:00am

Withdrawal of army men from civil departments demanded

People's Labour Bureau (PLB) has demanded of the government to withdraw in-service or retired military men from all state departments, corporations, nationalised industrial units, Railways, Wapda, Pakistan Steel, KESC, NFC, TCP etc forthwith and withdraw

Published 20 Sep, 2004 12:00am

Plan prepared for boosting horticulture items export

Federal government has prepared a comprehensive programme for increasing the export of value-added horticulture products from the country.

Published 20 Sep, 2004 12:00am

JSMM holds rally against Thal Canal and Kala Bagh Dam

Jeay Sindh Muttahida Mahaz (JSMM), an splinter group of Jeay Sindh Movement, took out rally on Sunday against construction of Thal Canal and proposed Kala Bagh dam project, and reported army operation in Balochistan.

Published 20 Sep, 2004 12:00am

Red chili production falls to alarming level

The Kunri town in Mirpurkhas district, once known as the biggest chili market in the Asia, has lost its distinguished status as the area under cultivation of this crop has declined from 1,50,000 acres to 40,000 acres and production from one million tonnes

Published 20 Sep, 2004 12:00am

Karachi to have full-fledged burns centre by next month

In spite of all adversities Karachi would have its first Burns Centre operational in any of the public sector facility by early October following installation of a three-phase PMT and necessary connection with the support of private donors.

Published 20 Sep, 2004 12:00am

QAU announces honorarium for faculty members

The Quaid-i-Azam University has announced a reasonable amount of honorarium for the faculty members for their research papers published in national and international journals.

Published 20 Sep, 2004 12:00am

PPCBL conversion to micro finance bank discussed

A meeting of Punjab government discussed various issues relating to the proposed conversion of Punjab Provincial Co-operative Bank Limited (PPCBL) into a micro finance bank.

Published 20 Sep, 2004 12:00am

Cybernet launches CyberStudent in Hazara Division

Cybernet the largest internet and data communication network service provider in Pakistan now launches its CyberStudent prepaid internet cards in Hazara division, as a part of its latest expansion plans. The coverage areas include Abbotabad, Mansehra, Har

Published 20 Sep, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Cotton US¢/pound / Dec 18	68.50
Petrol/Litre / Dec 19	252.10

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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