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Print - 2004-10-26
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

From the ringside seat the National Assembly proceedings on Monday appeared more like a theatre of the absurd than the working of the parliament of a country that is still stuck in labyrinth of colonial laws and has formidable challenges to contend with.
Published 26 Oct, 2004 12:00am
Kashmiris right to self-determination backed

Kashmiris right to self-determination backed

Speakers at a two-day international peace conference which opened here on Monday fully backed Kashmiris right to self-determination and called for their involvement for a just solution of the Kashmir dispute.
Published 26 Oct, 2004 12:00am
Saudi diplomat threatened by grenades

Saudi diplomat threatened by grenades

A senior Saudi diplomat received a gift box last week that contained four hand grenades and a threatening note, the Saudi Ambassador to Pakistan said on Monday.
Published 26 Oct, 2004 12:00am
Benazir wanted to be Prime Minister, not Amin, claims Afgan

Benazir wanted to be Prime Minister, not Amin, claims Afgan

Parliamentary Affairs Minister Dr Sher Afgan on Monday confirmed that there had been talks between the Government and PPP leader Benazir Bhutto which failed because some of her demands were not acceptable to President Pervez Musharraf.
Published 26 Oct, 2004 12:00am
Consumption of wheat exceeds by 0.044 million tons in 2003-04

Consumption of wheat exceeds by 0.044 million tons in 2003-04

Minister for Food, Agriculture and Livestock Sikandar Hayat Bosan, while answering a question raised by MNA Yasmeen Rehman, informed the National Assembly on Monday that during 2003-04, wheat production was 19.427 million tons while its consumption was 19
Published 26 Oct, 2004 12:00am
Karo-kari bill: latest victim of quorum problem

Karo-kari bill: latest victim of quorum problem

Lack of quorum hit the National Assembly thrice on Monday and, as such, the government failed to get the bill on 'Karo-kari' (honour killing) through the House.
Published 26 Oct, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on October 25, 2004.
Published 26 Oct, 2004 12:00am
Poverty alleviation and job creation aims of government: Shaukat

Poverty alleviation and job creation aims of government: Shaukat

Prime Minister Shaukat Aziz has said that for the first time, large-scale manufacturing sector has grown 16 percent a year, "a trend that augurs well" for high growth during this fiscal year. While addressing the groundbreaking ceremony of new Honda Atlas
Published 26 Oct, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on October 25, 2004.
Published 26 Oct, 2004 12:00am
Poverty alleviation and job creation aims of government: Shaukat

Poverty alleviation and job creation aims of government: Shaukat

Prime Minister Shaukat Aziz has said that for the first time, large-scale manufacturing sector has grown 16 percent a year, "a trend that augurs well" for high growth during this fiscal year. While addressing the groundbreaking ceremony of new Honda Atlas
Published 26 Oct, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on October 25, 2004.
Published 26 Oct, 2004 12:00am
One killed in explosive blast

One killed in explosive blast

One person was killed and two injured as the explosive material they were carrying with them in the vehicle, blasted near Jharak, 50 kilometres from here on Monday evening. According to reports, Gul Mohammad, a licensed supplier of dynamites to miners, wa
Published 26 Oct, 2004 12:00am
One killed in explosive blast

One killed in explosive blast

One person was killed and two injured as the explosive material they were carrying with them in the vehicle, blasted near Jharak, 50 kilometres from here on Monday evening. According to reports, Gul Mohammad, a licensed supplier of dynamites to miners, wa
Published 26 Oct, 2004 12:00am
Rs 3.8 billion drawback claims paid in July-September

Rs 3.8 billion drawback claims paid in July-September

The Central Board of Revenue (CBR) has paid Rs 3.8 billion as duty drawback to exporters during the period from July 1 to October 1, 2004, against Rs 3.6 billion paid during the corresponding period of last fiscal year, showing an increase of Rs 0.2 billi
Published 26 Oct, 2004 12:00am
Rs 3.8 billion drawback claims paid in July-September

Rs 3.8 billion drawback claims paid in July-September

The Central Board of Revenue (CBR) has paid Rs 3.8 billion as duty drawback to exporters during the period from July 1 to October 1, 2004, against Rs 3.6 billion paid during the corresponding period of last fiscal year, showing an increase of Rs 0.2 billi
Published 26 Oct, 2004 12:00am
Gas line project: India wants Pakistan to reciprocate

Gas line project: India wants Pakistan to reciprocate

Amid growing entente in Indo-Pak ties, Indian External Affairs Minister K Natwar Singh has asked Petroleum Minister Mani Shankar Aiyar to begin talks with his Pakistani counterpart on the proposed Iran-India gas pipeline. However, the proposal is laced wi
Published 26 Oct, 2004 12:00am
Gas line project: India wants Pakistan to reciprocate

Gas line project: India wants Pakistan to reciprocate

Amid growing entente in Indo-Pak ties, Indian External Affairs Minister K Natwar Singh has asked Petroleum Minister Mani Shankar Aiyar to begin talks with his Pakistani counterpart on the proposed Iran-India gas pipeline. However, the proposal is laced wi
Published 26 Oct, 2004 12:00am
Major power outage hits Karachi

Major power outage hits Karachi

Major power breakdown that hit hard water supply to Karachi on Monday morning is likely to cause about 70 million gallon daily (MGD) water shortage. Karachi Electric Supply Corporation (KESC) sources said on Monday that the power breakdown took place due
Published 26 Oct, 2004 12:00am
Major power outage hits Karachi

Major power outage hits Karachi

Major power breakdown that hit hard water supply to Karachi on Monday morning is likely to cause about 70 million gallon daily (MGD) water shortage. Karachi Electric Supply Corporation (KESC) sources said on Monday that the power breakdown took place due
Published 26 Oct, 2004 12:00am
333,500 bales cotton contracted by TCP

333,500 bales cotton contracted by TCP

Trading Corporation of Pakistan (TCP) has so far contracted to purchase 333,500 bales of cotton, while total bales so far arrived in TCP's godowns are 35,700 bales.
Published 26 Oct, 2004 12:00am
Top bureaucrat survives attack

Top bureaucrat survives attack

One of occupied Kashmir's top bureaucrats survived an assassination attempt on Monday when suspected freedom fighters fired at his motorcade injuring his security guard, occupation police said.
Published 26 Oct, 2004 12:00am
Shaukat to visit India next month

Shaukat to visit India next month

Prime Minister Shaukat Aziz will meet his Indian counterpart for the first time during the visit to India in November, officials said on Monday.
Published 26 Oct, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
EU watchdogs flag notion of cross-border regulator

EU watchdogs flag notion of cross-border regulator

European supervisors said on Monday they may need cross-border powers to oversee the single market in financial services, raising the possibility of a Europe-wide Securities and Exchange Commission.
Published 26 Oct, 2004 12:00am
Samsung Electronics aims to double sales in China by 2010

Samsung Electronics aims to double sales in China by 2010

Samsung Electronics Co Ltd, Asia's most valuable technology company, said on Monday it planned to more than double its sales in China to $25 billion by 2010 as it targets the fast-growing market.
Published 26 Oct, 2004 12:00am
Computer security survey finds awareness gap

Computer security survey finds awareness gap

Most computer users believe they are safe from online threats even as their machines fall victim to viruses and spyware, according to a survey released on Monday.
Published 26 Oct, 2004 12:00am
Biological weapons pose major threat: UK body

Biological weapons pose major threat: UK body

Biological weapons that can wipe out whole populations pose one of the biggest threats to the world today yet remain almost completely uncontrolled, the British Medical Association said on Monday.
Published 26 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
ISE index loses 87.95 points

ISE index loses 87.95 points

Fresh bearish assault moved the entire ready-board in downward direction on the Islamabad Stock Exchange (ISE), where equities witnessed broad-based erosion amid decrease in the index. The ISE network index showed a decrease of 87.95 points, as the price-
Published 26 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
ISE index loses 87.95 points

ISE index loses 87.95 points

Fresh bearish assault moved the entire ready-board in downward direction on the Islamabad Stock Exchange (ISE), where equities witnessed broad-based erosion amid decrease in the index. The ISE network index showed a decrease of 87.95 points, as the price-
Published 26 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 25, 2004).
Published 26 Oct, 2004 12:00am
Mixed trend on Lahore Stock Exchange

Mixed trend on Lahore Stock Exchange

With no significant impact of PSO's quarterly earnings, share values turned mixed on the Lahore Stock Exchange (LSE), where the index registered only a marginal improvement, but the volume increased significantly. The LSE-25 index rose to 2721.49 points f
Published 26 Oct, 2004 12:00am
Mixed trend on Lahore Stock Exchange

Mixed trend on Lahore Stock Exchange

With no significant impact of PSO's quarterly earnings, share values turned mixed on the Lahore Stock Exchange (LSE), where the index registered only a marginal improvement, but the volume increased significantly. The LSE-25 index rose to 2721.49 points f
Published 26 Oct, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
Pak-India foreign secretaries to meet in December

Pak-India foreign secretaries to meet in December

The foreign secretaries of Pakistan and India will meet in the third week of coming December to review the reports of various working groups that are to meet between end-November and mid-December this year, a spokesman of Foreign Office indicated here on
Published 26 Oct, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
Pak-India foreign secretaries to meet in December

Pak-India foreign secretaries to meet in December

The foreign secretaries of Pakistan and India will meet in the third week of coming December to review the reports of various working groups that are to meet between end-November and mid-December this year, a spokesman of Foreign Office indicated here on
Published 26 Oct, 2004 12:00am
Share prices move in tight range

Share prices move in tight range

The share prices moved in a tight range during the first session of the week but turnover was on the higher side, indicating immense interest from investors in the scrips which have announced their financial results. The KSE-100 index rose 9.80 points, or
Published 26 Oct, 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 Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
Share prices move in tight range

Share prices move in tight range

The share prices moved in a tight range during the first session of the week but turnover was on the higher side, indicating immense interest from investors in the scrips which have announced their financial results. The KSE-100 index rose 9.80 points, or
Published 26 Oct, 2004 12:00am
Guidelines issued for infrastructure project financing

Guidelines issued for infrastructure project financing

The State Bank on Monday issued guidelines for infrastructure project financing, aiming to boost the economic growth and accelerate employment generation. "The State Bank formulated Draft Guidelines for Infrastructure Project Financing (IPF) for enabling
Published 26 Oct, 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 Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
Guidelines issued for infrastructure project financing

Guidelines issued for infrastructure project financing

The State Bank on Monday issued guidelines for infrastructure project financing, aiming to boost the economic growth and accelerate employment generation. "The State Bank formulated Draft Guidelines for Infrastructure Project Financing (IPF) for enabling
Published 26 Oct, 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 Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
NBP''s third quarter net profit rises to Rs 2 billion

NBP''s third quarter net profit rises to Rs 2 billion

The National Bank of Pakistan''s profit before tax recorded an improvement of 47 percent in the third quarter ended September 30 on the back of sustained growth in advances and rise in Net Interest Income (NII) for NBP as well. The profit before tax of th
Published 26 Oct, 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 Monday (October 25, 2004).
Published 26 Oct, 2004 12:00am
NBP's third quarter net profit rises to Rs 2 billion

NBP's third quarter net profit rises to Rs 2 billion

The National Bank of Pakistan's profit before tax recorded an improvement of 47 percent in the third quarter ended September 30 on the back of sustained growth in advances and rise in Net Interest Income (NII) for NBP as well. The profit before tax of the
Published 26 Oct, 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 26 Oct, 2004 12:00am
NBP's third quarter net profit rises to Rs 2 billion

NBP's third quarter net profit rises to Rs 2 billion

The National Bank of Pakistan's profit before tax recorded an improvement of 47 percent in the third quarter ended September 30 on the back of sustained growth in advances and rise in Net Interest Income (NII) for NBP as well. The profit before tax of the
Published 26 Oct, 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 26 Oct, 2004 12:00am
PSO''s first quarter profit up by 20 percent

PSO''s first quarter profit up by 20 percent

The net profit of Pakistan State Oil Ltd (PSO) for the first quarter ended September 30, 2004, recorded an increase of 20 percent as compared to same period last year because of higher sales of furnace oil and diesel. The Pakistan State Oil (PSO) Board of
Published 26 Oct, 2004 12:00am
PSO's first quarter profit up by 20 percent

PSO's first quarter profit up by 20 percent

The net profit of Pakistan State Oil Ltd (PSO) for the first quarter ended September 30, 2004, recorded an increase of 20 percent as compared to same period last year because of higher sales of furnace oil and diesel. The Pakistan State Oil (PSO) Board of
Published 26 Oct, 2004 12:00am
Ukraine sunoil plant to raise capacity

Ukraine sunoil plant to raise capacity

Ukraine's Odessa vegetable oil plant will build a new crushing facility to increase its capacity by about 2,000 tonnes of sunseed per day, sunoil producers said on Monday.
Published 26 Oct, 2004 12:00am
PSO's first quarter profit up by 20 percent

PSO's first quarter profit up by 20 percent

The net profit of Pakistan State Oil Ltd (PSO) for the first quarter ended September 30, 2004, recorded an increase of 20 percent as compared to same period last year because of higher sales of furnace oil and diesel. The Pakistan State Oil (PSO) Board of
Published 26 Oct, 2004 12:00am
'Provisional' anti-dumping duty imposed on PVC resin from Korea and Iran

'Provisional' anti-dumping duty imposed on PVC resin from Korea and Iran

The National Tariff Commission (NTC) has imposed 'provisional' anti-dumping duty on imported goods from LG International Company of Korea and Iran's Petrochemical Commercial Limited (equal to the amount of dumping margin established) on dumped imports of
Published 26 Oct, 2004 12:00am
Oil cake market rates

Oil cake market rates

December contract fluctuated while March was unmoved on the forward cottonseed oilcake market on the week's opening session on steady supply position, dealers said.
Published 26 Oct, 2004 12:00am
Condensate oil sale purchase accord signed

Condensate oil sale purchase accord signed

The government on Monday signed condensate oil sale-purchase agreement with BHP Petroleum, partner for Zamzama gas field. Its other partners are The Government Holdings (Pvt) Limited, PKP Exploration Limited and ENI Pakistan. The Minister of State for Pet
Published 26 Oct, 2004 12:00am
Spinners active on cotton market

Spinners active on cotton market

Spinners and mills were active buyers on cotton market on Monday in face of rising trend in prices, dealers said.
Published 26 Oct, 2004 12:00am
Condensate oil sale purchase accord signed

Condensate oil sale purchase accord signed

The government on Monday signed condensate oil sale-purchase agreement with BHP Petroleum, partner for Zamzama gas field. Its other partners are The Government Holdings (Pvt) Limited, PKP Exploration Limited and ENI Pakistan. The Minister of State for Pet
Published 26 Oct, 2004 12:00am