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Print - 2004-10-19
THE RUPEE: sharp fall in interbank rates

THE RUPEE: sharp fall in interbank rates

Continued demand for dollars kept the rupee under pressure which sharply lost 15 paisa versus greenback at Rs 59.95 and Rs 60.00 for buying and selling, respectively, dealers said.
Published 19 Oct, 2004 12:00am
Accountability Court issues non-bailable warrants

Accountability Court issues non-bailable warrants

The Judge of the Accountability Court Rawalpindi, Manzoor Hussain Malik has issued non-bailable arrest warrants against former Wapda and IESCO officials in embezzlement references filed by national accountability bureau against these officials.
Published 19 Oct, 2004 12:00am
THE RUPEE: sharp fall in interbank rates

THE RUPEE: sharp fall in interbank rates

Continued demand for dollars kept the rupee under pressure which sharply lost 15 paisa versus greenback at Rs 59.95 and Rs 60.00 for buying and selling, respectively, dealers said.
Published 19 Oct, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Parliament is the highest forum in a country. It embodies the ethos of its people's aspirations. Its members are considered national icons and are emulated as role models.
Published 19 Oct, 2004 12:00am
Ruling coalition faces quorum problem

Ruling coalition faces quorum problem

The ruling coalition faced embarrassment again on Monday as for about 90 minutes it failed to gather 86 members to ensure quorum in National Assembly.
Published 19 Oct, 2004 12:00am
Strategy to be designed to stabilise cotton market, body meets today

Strategy to be designed to stabilise cotton market, body meets today

The committee on cotton is meeting here on Tuesday for working out strategy to stabilise cotton market for good return to the growers, who despite Trading Corporation of Pakistan 's (TCP) intervention for lint buying are uncertain about the market trend i
Published 19 Oct, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (October 18, 2004)
Published 19 Oct, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 19 Oct, 2004 12:00am
Sardar Ashraf BF nominee for FPCCI presidentship

Sardar Ashraf BF nominee for FPCCI presidentship

The Businessman Forum (BF) has announced nomination of Sardar Muhammad Ashraf for the office of the president of Federation of Pakistan Chambers of Commerce and Industry for 2005-06 term.
Published 19 Oct, 2004 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.
Published 19 Oct, 2004 12:00am
Japan may resume ODA with a host of terms

Japan may resume ODA with a host of terms

Japan is likely to extend $ 735 million to Pakistan under Overseas Development Assistance (ODA) soon which had been suspended after 1998's nuclear tests, informed sources in the Economic Affairs Division told Business Recorder.
Published 19 Oct, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 19 Oct, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 19 Oct, 2004 12:00am
APHC gives strike call on Singh's visit

APHC gives strike call on Singh's visit

The All Parties Hurriyat Conference (APHC) on Monday gave a strike call on October 25 on the occasion of Indian Prime Minister Dr Manmohan Singh's visit to occupied Kashmir.
Published 19 Oct, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
Commerce secretary for enhancing pharma exports

Commerce secretary for enhancing pharma exports

Secretary Commerce, Tasneem Noorani urged the members of Pakistan Pharmaceutical Manufacturers Association (PPMA) to increase their share of export to $ 50 million in the global market of $ 401 billion.
Published 19 Oct, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 19 Oct, 2004 12:00am
Pakistan and China reiterate resolve to eradicate terrorism

Pakistan and China reiterate resolve to eradicate terrorism

Foreign Minister, Khurshid Mahmud Kasuri held a meeting with the Chinese State Councillor Tang Jiaxuan at the Foreign Office on Monday and exchanged views on regional and international situation as well as UN Security Council reforms.
Published 19 Oct, 2004 12:00am
Accord on water management with FAO today

Accord on water management with FAO today

The government will sign a $ 0.378 million Technical Co-operation Programme (TCP) agreement with Food and Agriculture Organisation (FAO) on Tuesday for water management in Sindh.
Published 19 Oct, 2004 12:00am
Continued reshuffle hits CDA working

Continued reshuffle hits CDA working

Continued reshuffle of top officials in the Capital Development Authority (CDA) is adversely affecting routine work of the authority.
Published 19 Oct, 2004 12:00am
Obituary

Obituary

Mother of NWFP Governor, Lieutenant General Iftikhar Hussain Shah (Retd) breathed her last on Monday afternoon, said a handout.
Published 19 Oct, 2004 12:00am
Jirga condemns killing of Chinese engineer

Jirga condemns killing of Chinese engineer

A Grand Tribal Jirga comprising senior leaders on Monday condemned the killing of a Chinese engineer and reaffirmed full support to the government in its fight against terrorism.
Published 19 Oct, 2004 12:00am
Prime Minister directs early cotton export

Prime Minister directs early cotton export

Prime Minister Shaukat Aziz on Monday directed the concerned departments to make arrangements for immediate export of cotton. Talking to members of parliament from Multan, Rahim Yar Khan and Bahawalpur areas here at Prime Minister House, he directed the C
Published 19 Oct, 2004 12:00am
Prime Minister directs early cotton export

Prime Minister directs early cotton export

Prime Minister Shaukat Aziz on Monday directed the concerned departments to make arrangements for immediate export of cotton. Talking to members of parliament from Multan, Rahim Yar Khan and Bahawalpur areas here at Prime Minister House, he directed the C
Published 19 Oct, 2004 12:00am
Immense prospects for investors: Musharraf

Immense prospects for investors: Musharraf

President General Pervez Musharraf on Monday said Pakistan's positive economic scenario holds out immense prospects for foreign investors, stating that increased inflow of investment into various sectors would lead to socio-economic development at the gra
Published 19 Oct, 2004 12:00am
Immense prospects for investors: Musharraf

Immense prospects for investors: Musharraf

President General Pervez Musharraf on Monday said Pakistan's positive economic scenario holds out immense prospects for foreign investors, stating that increased inflow of investment into various sectors would lead to socio-economic development at the gra
Published 19 Oct, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on October 18, 2004.
Published 19 Oct, 2004 12:00am
KCCI sees $2 billion a year saving in trade with India

KCCI sees $2 billion a year saving in trade with India

Transportation cost will be reduced by 2 billion dollars a year if India and Pakistan allow transportation of goods by road. This was stated in a report of Karachi Chamber of Commerce and Industry (KCCI) on trade with India. The report said that geographi
Published 19 Oct, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on October 18, 2004.
Published 19 Oct, 2004 12:00am
KCCI sees $2 billion a year saving in trade with India

KCCI sees $2 billion a year saving in trade with India

Transportation cost will be reduced by 2 billion dollars a year if India and Pakistan allow transportation of goods by road. This was stated in a report of Karachi Chamber of Commerce and Industry (KCCI) on trade with India. The report said that geographi
Published 19 Oct, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on October 18, 2004.
Published 19 Oct, 2004 12:00am
Auto parts industry seeks government protection

Auto parts industry seeks government protection

The domestic vendor industry, making parts for automobile industry, contributed Rs 8 billion to revenue in 2003-04 besides providing employment to 160,500 people. The vending industry wants full protection. The industry's investment was Rs 72 billion and
Published 19 Oct, 2004 12:00am
Auto parts industry seeks government protection

Auto parts industry seeks government protection

The domestic vendor industry, making parts for automobile industry, contributed Rs 8 billion to revenue in 2003-04 besides providing employment to 160,500 people. The vending industry wants full protection. The industry's investment was Rs 72 billion and
Published 19 Oct, 2004 12:00am
Senate panel for preparation of alternative energy plan

Senate panel for preparation of alternative energy plan

Senate Standing Committee on Petroleum and Natural Resources on Monday in its meeting at Parliament House under the chairmanship of Senator Syed Dilawar Abbas called upon the government to gear up its efforts for the development of natural resources in th
Published 19 Oct, 2004 12:00am
Four killed as roof caves in

Four killed as roof caves in

Four persons including a child were killed when the roof of a house caved in here in Fategargh area on Monday.
Published 19 Oct, 2004 12:00am
60 Indian fishermen with 10 boats arrested

60 Indian fishermen with 10 boats arrested

The Maritime Security Agency (MSA) ship, "Rehmat", apprehended 10 Indian fishing boats along with 60 crew members on board on October 16 for fishing illegally in Pakistani waters, a MSA release said on Monday.
Published 19 Oct, 2004 12:00am
Two school children electrocuted in IOK

Two school children electrocuted in IOK

Two schoolchildren died and six were hurt on Monday when an 11,000-volt electric wire fell on the courtyard of a school on the outskirts of occupied Srinagar, police said.
Published 19 Oct, 2004 12:00am
US asked to maintain textile quotas on China imports

US asked to maintain textile quotas on China imports

The US textile industry has officially requested the government to maintain quotas on 13 categories of the imports from China. A petition to this effect has been filed with the full support of the industry associations bringing uncertainty in the world te
Published 19 Oct, 2004 12:00am
US asked to maintain textile quotas on China imports

US asked to maintain textile quotas on China imports

The US textile industry has officially requested the government to maintain quotas on 13 categories of the imports from China. A petition to this effect has been filed with the full support of the industry associations bringing uncertainty in the world te
Published 19 Oct, 2004 12:00am
PSO buys fuel

PSO buys fuel

The Pakistan State Oil (PSO) has bought a total of 365,000 tonnes of high-sulphur fuel oil from the United Arab Emirates' FAL Oil to meet part of its fourth-quarter requirements, industry sources said Monday.
Published 19 Oct, 2004 12:00am
PSO buys fuel

PSO buys fuel

The Pakistan State Oil (PSO) has bought a total of 365,000 tonnes of high-sulphur fuel oil from the United Arab Emirates' FAL Oil to meet part of its fourth-quarter requirements, industry sources said Monday.
Published 19 Oct, 2004 12:00am
Advani invited to visit Pakistan

Advani invited to visit Pakistan

Pakistan on Monday invited Leader of the Opposition and former Deputy Prime Minister L K Advani to visit the country. Pakistan High Commissioner to India Aziz Ahmad Khan called on Lal Krishna Advani and extended an invitation on behalf of Foreign Minister
Published 19 Oct, 2004 12:00am
Advani invited to visit Pakistan

Advani invited to visit Pakistan

Pakistan on Monday invited Leader of the Opposition and former Deputy Prime Minister L K Advani to visit the country. Pakistan High Commissioner to India Aziz Ahmad Khan called on Lal Krishna Advani and extended an invitation on behalf of Foreign Minister
Published 19 Oct, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
Dewan KIA cars production suspended

Dewan KIA cars production suspended

Dewan Kia has, for the time being suspended production of the entire Kia brand cars, market sources said on Monday. There is no further flow of Kia make car in the market. According to sources, production of Classic NGV-CNG 'SX' Petrol, 1300 cc with marke
Published 19 Oct, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
Dewan KIA cars production suspended

Dewan KIA cars production suspended

Dewan Kia has, for the time being suspended production of the entire Kia brand cars, market sources said on Monday. There is no further flow of Kia make car in the market. According to sources, production of Classic NGV-CNG 'SX' Petrol, 1300 cc with marke
Published 19 Oct, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
3M posts higher profit

3M posts higher profit

3M Co on Monday reported a 17 percent rise in third-quarter earnings due in part to the weak dollar, but the diversified manufacturer's results came in below Wall Street's estimates for the first time in nearly four years, sending shares down 5 percent.
Published 19 Oct, 2004 12:00am
3M posts higher profit

3M posts higher profit

3M Co on Monday reported a 17 percent rise in third-quarter earnings due in part to the weak dollar, but the diversified manufacturer's results came in below Wall Street's estimates for the first time in nearly four years, sending shares down 5 percent.
Published 19 Oct, 2004 12:00am
Singapore exports growth eases

Singapore exports growth eases

Singapore's key non-oil domestic exports (NODX) in September grew 16.9 percent from a year ago, down from recent levels but still well above analysts' forecasts, official figures showed Monday.
Published 19 Oct, 2004 12:00am
Union accuses Qantas of plot to bring in strike breakers

Union accuses Qantas of plot to bring in strike breakers

A flight attendants union accused Australian flag carrier Qantas Monday of plotting to train hundreds of strike breakers to thwart a threatened Christmas work stoppage over plans for a new low-cost London base.
Published 19 Oct, 2004 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
Star Gas suspends payout, may seek bankruptcy

Star Gas suspends payout, may seek bankruptcy

Star Gas Partners LP on Monday said it has suspended distributions on its common partnership units and warned it may have to seek bankruptcy protection unless it can arrange new financing for its Petro heating oil unit.
Published 19 Oct, 2004 12:00am
China plans revamp of overseas oil business

China plans revamp of overseas oil business

China is considering ways to restructure the overseas businesses of its largest oil and gas producer, CNPC, including a $5 billion asset injection plan, a newspaper said on Monday.
Published 19 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
Croatia scraps third GSM mobile tender

Croatia scraps third GSM mobile tender

Croatia's state telecom regulator dismissed on Monday the only bid for the third national mobile telecoms operator licence, from a group led by Sweden's Tele2 and said it would call a new tender soon.
Published 19 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 18, 2004).
Published 19 Oct, 2004 12:00am
ECC may abolish ATTA negative list this week

ECC may abolish ATTA negative list this week

Pakistan is seriously considering to completely abolish the negative list, meeting Afghan government's longstanding demand, sources in Commerce Ministry said here on Monday. They said that Commerce Ministry would be taking this step after receiving direct
Published 19 Oct, 2004 12:00am