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Print - 2004-11-02
SBP to monitor banks' lending to SMEs

SBP to monitor banks' lending to SMEs

The State Bank of Pakistan (SBP) is beginning to monitor the small and medium enterprises (SME) sector to ensure that prudent lending to SMEs also becomes the mainstream activity of commercial banks. From the perspective providing credit to SMEs is an att
Published 02 Nov, 2004 12:00am
BoK to be listed on KSE next year

BoK to be listed on KSE next year

The Bank of Khyber (BoK) is going to be listed at Karachi Stock Exchange (KSE) next year as it is going to offer its 49 percent shares through initial public offering (IPO) by the end of 2004, Managing Director of BoK, Dr Munir Ahmad told Business Reco
Published 02 Nov, 2004 12:00am
BoK to be listed on KSE next year

BoK to be listed on KSE next year

The Bank of Khyber (BoK) is going to be listed at Karachi Stock Exchange (KSE) next year as it is going to offer its 49 percent shares through initial public offering (IPO) by the end of 2004, Managing Director of BoK, Dr Munir Ahmad told Business Reco
Published 02 Nov, 2004 12:00am
10 panels set up for disputes resolution

10 panels set up for disputes resolution

The Central Board of Revenue (CBR) has constituted 10 committees for the resolution of disputes between taxpayers and customs department under 'alternative dispute resolution'. The committees have been constituted in Karachi, Hyderabad, Quetta, Lahore, Mu
Published 02 Nov, 2004 12:00am
10 panels set up for disputes resolution

10 panels set up for disputes resolution

The Central Board of Revenue (CBR) has constituted 10 committees for the resolution of disputes between taxpayers and customs department under 'alternative dispute resolution'. The committees have been constituted in Karachi, Hyderabad, Quetta, Lahore, Mu
Published 02 Nov, 2004 12:00am
PNSC posts Rs 123.93 million profit in first quarter

PNSC posts Rs 123.93 million profit in first quarter

Pakistan National Shipping Corporation (PNSC) has gained an operating profit of Rs 123.93 million in the first quarter ended September 30, 2004. According to Corporation's un-audited report, the national flag carrier's operating profit fell by Rs 104.76 m
Published 02 Nov, 2004 12:00am
PNSC posts Rs 123.93 million profit in first quarter

PNSC posts Rs 123.93 million profit in first quarter

Pakistan National Shipping Corporation (PNSC) has gained an operating profit of Rs 123.93 million in the first quarter ended September 30, 2004. According to Corporation's un-audited report, the national flag carrier's operating profit fell by Rs 104.76 m
Published 02 Nov, 2004 12:00am
Egyptian firm acquires 51 percent stake in Chakwal Cement

Egyptian firm acquires 51 percent stake in Chakwal Cement

Egypt's Orascom Construction Industries (OCI) has completed negotiations to acquire a 51 percent stake in Chakwal Cement Company Limited (CCCL), the firm said in a statement sent to Reuters on Monday. The company added it will build a cement plant between
Published 02 Nov, 2004 12:00am
Egyptian firm acquires 51 percent stake in Chakwal Cement

Egyptian firm acquires 51 percent stake in Chakwal Cement

Egypt's Orascom Construction Industries (OCI) has completed negotiations to acquire a 51 percent stake in Chakwal Cement Company Limited (CCCL), the firm said in a statement sent to Reuters on Monday. The company added it will build a cement plant between
Published 02 Nov, 2004 12:00am
Egyptian firm acquires 51 percent stake in Chakwal Cement

Egyptian firm acquires 51 percent stake in Chakwal Cement

Egypt''s Orascom Construction Industries (OCI) has completed negotiations to acquire a 51 percent stake in Chakwal Cement Company Limited (CCCL), the firm said in a statement sent to Reuters on Monday. The company added it will build a cement plant betwee
Published 02 Nov, 2004 12:00am
21 hurt in grenade attack in Indian occupied Kashmir

21 hurt in grenade attack in Indian occupied Kashmir

Twenty-one civilians were injured on Monday when alleged Mujahideen hurled a grenade at a occupation security force patrol in a busy market in Indian occupied Kashmir, which missed, police said. Five of those injured in the attack at Shopian, 50 kilometre
Published 02 Nov, 2004 12:00am
21 hurt in grenade attack in Indian occupied Kashmir

21 hurt in grenade attack in Indian occupied Kashmir

Twenty-one civilians were injured on Monday when alleged Mujahideen hurled a grenade at a occupation security force patrol in a busy market in Indian occupied Kashmir, which missed, police said. Five of those injured in the attack at Shopian, 50 kilometre
Published 02 Nov, 2004 12:00am
Mansur Khan elevated as SBP deputy governor

Mansur Khan elevated as SBP deputy governor

The Federal Government has appointed Mansur-ur-Rehman Khan as Deputy Governor, State Bank of Pakistan. Before his elevation, Mansur was Executive Director (Banking) in SBP. Mansur-ur-Rehman Khan's distinguished and illustrious central banking career sprea
Published 02 Nov, 2004 12:00am
Mansur Khan elevated as SBP deputy governor

Mansur Khan elevated as SBP deputy governor

The Federal Government has appointed Mansur-ur-Rehman Khan as Deputy Governor, State Bank of Pakistan. Before his elevation, Mansur was Executive Director (Banking) in SBP. Mansur-ur-Rehman Khan's distinguished and illustrious central banking career sprea
Published 02 Nov, 2004 12:00am
Investors interested in 2000MW power project in Thar

Investors interested in 2000MW power project in Thar

A delegation comprising Benway Corporation USA President, Peter O'Connell, Usama Harris Khan & Company Chairman, Khalid Abbas Khan Niazi and Muhammad Sualeh of Mercury Trading called on Sindh Minister for Mineral Development, Irfanullah Marwat on Monday a
Published 02 Nov, 2004 12:00am
Imported urea price fixed at Rs 450 per bag

Imported urea price fixed at Rs 450 per bag

In a bid to foil hoarding by the local manufacturers and dealers, the Economic Co-ordination Committee (ECC) of the Cabinet has fixed price of imported urea for the growers at Rs 450 per bag. The first vessel carrying 15000 tonnes urea arrived at the Kara
Published 02 Nov, 2004 12:00am
Imported urea price fixed at Rs 450 per bag

Imported urea price fixed at Rs 450 per bag

In a bid to foil hoarding by the local manufacturers and dealers, the Economic Co-ordination Committee (ECC) of the Cabinet has fixed price of imported urea for the growers at Rs 450 per bag. The first vessel carrying 15000 tonnes urea arrived at the Kara
Published 02 Nov, 2004 12:00am
Provinces told to make water strategies on daily basis

Provinces told to make water strategies on daily basis

The Indus River System Authority (Irsa) has expressed its satisfaction on the share of water utilised by the provinces during previous month. The authority in its meeting held, here on Monday to review the water situation for Rabi season, also appreciated
Published 02 Nov, 2004 12:00am
Provinces told to make water strategies on daily basis

Provinces told to make water strategies on daily basis

The Indus River System Authority (Irsa) has expressed its satisfaction on the share of water utilised by the provinces during previous month. The authority in its meeting held, here on Monday to review the water situation for Rabi season, also appreciated
Published 02 Nov, 2004 12:00am
Revenue target to be raised to cover oil impact

Revenue target to be raised to cover oil impact

The Central Board of Revenue (CBR) will revise revenue collection target upward in current financial year to help the government in meeting the deficit due to subsidising petroleum prices touching $55 per barrel in the international market. On the other h
Published 02 Nov, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Nov, 2004 12:00am
Revenue target to be raised to cover oil impact

Revenue target to be raised to cover oil impact

The Central Board of Revenue (CBR) will revise revenue collection target upward in current financial year to help the government in meeting the deficit due to subsidising petroleum prices touching $55 per barrel in the international market. On the other h
Published 02 Nov, 2004 12:00am
Prime Minister stresses resolution of Kashmir issue for progress

Prime Minister stresses resolution of Kashmir issue for progress

Prime Minister Shaukat Aziz reiterating Pakistan's principled stand on Indian occupied Kashmir issue said that there is a need to resolve the core issue of occupied Jammu and Kashmir through peaceful means and according to the aspirations of Kashmiri peop
Published 02 Nov, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
EMC panel approves report on cross-border securities activities

EMC panel approves report on cross-border securities activities

The Emerging Markets Committee (EMC) Advisory Board of the International Organisation of Securities Commissions (IOSCO) has approved the final report of the Working Group-e (WG3) on 'Cross-border Activities of Securities Firms in Emerging Markets'.
Published 02 Nov, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 02 Nov, 2004 12:00am
Sindh and Punjab mills begin sugarcane crushing

Sindh and Punjab mills begin sugarcane crushing

Twenty-one sugar mills have commenced their crushing season, while the remaining mills will start crushing within couple of days. According to sources, the growers have started harvesting of cane following the issue of indent to sugar mills and the cane h
Published 02 Nov, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Nov, 2004 12:00am
Consensus needed on UNSC expansion: Kasuri

Consensus needed on UNSC expansion: Kasuri

Pakistan believes that the expansion of the UN Security Council was an issue of major political significance for the international community and should be tackled with caution and consensus.
Published 02 Nov, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Nov, 2004 12:00am
Shaukat meets Gyanendra

Shaukat meets Gyanendra

Prime Minister Shaukat Aziz called on King Gyanendra Bir Bikran Shah here on Monday at Narayanhiti Palace. During the meeting, which lasted for one hour, the Nepalese King expressed appreciation for Pakistan's support and assistance it is providing to Nep
Published 02 Nov, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Opposition walks out over not letting Nawaz attend funeral

Opposition walks out over not letting Nawaz attend funeral

The combined opposition on Monday staged token walkout from Senate, protesting against government for not allowing exiled former Premier Nawaz Sharif and his family to attend the funeral of late Mian Sharif, in Pakistan. Before they walked out, the opposi
Published 02 Nov, 2004 12:00am
Member to Member

Member to Member

Members have subsequently reported the transactions on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Mian Sharif laid to rest at Raiwind

Mian Sharif laid to rest at Raiwind

Mian Mohammad Sharif, father of former Prime Minister Nawaz Sharif and former Punjab Chief Minister Shahbaz Sharif, was laid to rest at Jatti Umra (Raiwind) on Monday. His body was denied access to Lahore City for Namaz-e-Janaza and was directly shifted f
Published 02 Nov, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Departmental inquiry against Nazim ordered

Departmental inquiry against Nazim ordered

The NWFP Chief Minister Akram Khan Durrani has directed for the establishment of departmental inquiry committee in the case of Yasin Khalil Town Nazim-III on the recommendation of the 20-members Jirga of Nazimeens of Union Council and Towns of Peshawar.
Published 02 Nov, 2004 12:00am
Senate passes dual office bill

Senate passes dual office bill

The Senate passed the 'dual office bill' on Monday amid opposition chants of 'no, no'. SM Zafar left the House dubbing the bill 'unnecessary and premature'.
Published 02 Nov, 2004 12:00am
BCG vaccination to control TB stressed

BCG vaccination to control TB stressed

Awareness about BCG vaccination and pollution-free environment are imperative to control Tuberculosis in the country. Government should take urgent actions to stop and minimise pollution and create awareness for BCG vaccination in order to control lung di
Published 02 Nov, 2004 12:00am
Senate body for prompt delivery of cars

Senate body for prompt delivery of cars

The Senate Standing Committee on Industries and Production which met here on Monday with Senator Muhammad Akram in chair underlined the need of prompt delivery of cars by assemblers to customers.
Published 02 Nov, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

President Pervez Musharraf can retain military uniform after December 31, 2004. This is the end result of many months of relentless struggle by the government- matched by equally dedicated resistance by the Opposition- which culminated on Monday in the ap
Published 02 Nov, 2004 12:00am
Pakistan and China to exchange research data on herbal medicines

Pakistan and China to exchange research data on herbal medicines

A six-day Pak-China workshop on pharmacology and standardisation of herbal medicines concluded with the signing of a memorandum of understanding (MoU) between the scientist of the HEJ Research Institute of Chemistry and China Academy of Traditional Chines
Published 02 Nov, 2004 12:00am
THE RUPEE: sharp gain in interbank market

THE RUPEE: sharp gain in interbank market

Bullish sentiment was seen in the inter-bank market on the week's opening session as the rupee recovered 50 paisa in relation to dollar at Rs 60.85 and Rs 60.95 for buying and selling, respectively. The statement of State Bank of Pakistan (SBP) governor b
Published 02 Nov, 2004 12:00am
Success of talks with India depends on flexible approaches: Kasuri

Success of talks with India depends on flexible approaches: Kasuri

Foreign Minister Khurshid Mahmood Kasuri has said that for the success of the current composite dialogue with India the two sides will have to adopt flexible approaches to their mutual problems and find realistic ways and means for their realisation of so
Published 02 Nov, 2004 12:00am
THE RUPEE: sharp gain in interbank market

THE RUPEE: sharp gain in interbank market

Bullish sentiment was seen in the inter-bank market on the week's opening session as the rupee recovered 50 paisa in relation to dollar at Rs 60.85 and Rs 60.95 for buying and selling, respectively. The statement of State Bank of Pakistan (SBP) governor b
Published 02 Nov, 2004 12:00am
Insect harming mango plants identified

Insect harming mango plants identified

The Faculty of Crop Protection, Sindh University of Agriculture, succeeded in identifying the insect casing enormous damage to mango plants in the province.
Published 02 Nov, 2004 12:00am
SME Fund demanded to finance newcomers

SME Fund demanded to finance newcomers

The Union of Small and Medium Enterprises (Unisame) has again appealed to the government to ensure easily accessible credit facility for SMEs, specially for new entrants.
Published 02 Nov, 2004 12:00am
Architectural forum exposition

Architectural forum exposition

The Institute of Architects Pakistan (IAP) is organising an architectural forum captioned "My Architecture-Our Architecture" to discuss architectural philosophy and share experiences and developments in the field. A number of internationally renowned arch
Published 02 Nov, 2004 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Ban on transfers, postings lifted

Ban on transfers, postings lifted

Sindh Chief Minister Dr Arbab Ghulam Rahim has lifted ban with immediate effect from transfers and postings of officials and other staff in the irrigation and power department and board of revenue.
Published 02 Nov, 2004 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
No incident of desecration took place at Peshawar dry port

No incident of desecration took place at Peshawar dry port

The Customs Intelligence & Investigation, Peshawar, has clarified that the Germany-bound consignment had contained only story books and there were no religious books as such there was no incident of desecration at the dry port here.
Published 02 Nov, 2004 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Punjab University vice chancellor gives awards

Punjab University vice chancellor gives awards

Punjab University vice-chancellor Arshad Mahmood Monday gave awards and shields to the students of College of Art and Design who participated in Rafi Peer Theatre workshop and a play 'Khamosh Cheikh' based on the theme of child abuse.
Published 02 Nov, 2004 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Poland assures support for ISTF Asia-05

Poland assures support for ISTF Asia-05

The Consul General of Poland in Karachi, Irneusz Makles, has expressed full support for the promotion of the International Spring Trade Fair (ISTF) Asia 2005 Exhibition and Conference.
Published 02 Nov, 2004 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (November 01, 2004).

Published 02 Nov, 2004 12:00am
Laws being amended for people's convenience: Zafar

Laws being amended for people's convenience: Zafar

Muhammad Wasi Zafar, Federal Minister for Law, Justice and Human Rights, has said the government has decided in principle to make amendments to various laws, including PPC, CrPC and Rent Control Act etc to simplify the procedure for providing maximum reli
Published 02 Nov, 2004 12:00am
Voluntary tax compliance: challenges and solutions-II

Voluntary tax compliance: challenges and solutions-II

The CBR, in the past, was brutally politicised by the successive civilian governments in Pakistan. The high-ranking postings in CBR were made to serve as handmaid of the political masters. In return, CBR's high-ups served the "interests" of their politica
Published 02 Nov, 2004 12:00am
Shopping gains momentum

Shopping gains momentum

With the advent of the month of November and pay day for most employees, the Eidul Fitr shopping has gained momentum in the city and all the shopping centres are doing roaring business in the day till the Asr prayers and again, after the Taraveeh prayers
Published 02 Nov, 2004 12:00am
SSGC installs 415 pre-paid meters

SSGC installs 415 pre-paid meters

Sui Southern Gas Company (SSGC) has installed 415 pre-paid gas meters in the city under a pilot project to save its customers from unnecessary hassle and inconvenience. This was stated by the SSGC managing director Munawar Baseer Ahmad at the inauguration
Published 02 Nov, 2004 12:00am
First Internet radio station in NWFP soon

First Internet radio station in NWFP soon

The NWFP's first Internet Radio Station is being launched soon and people all over the world would have access to information about the culture, steps of the government being taken for the development of the people of this province etc.
Published 02 Nov, 2004 12:00am
Bagh Ibn-e-Qasim project hits snags

Bagh Ibn-e-Qasim project hits snags

The dollars 250 million Bagh Ibn-e-Qasim Project in Clifton seems to be heading towards failure owing to scores of reasons particularly vested interests and lack of apathy on part of authorities to facilitate the investors.
Published 02 Nov, 2004 12:00am
State Bank's view of the economy

State Bank's view of the economy

The annual report of the State Bank, released on 30th October, 2004, gives a fairly comprehensive assessment of the economy for the year 2003-04 and outlines likely trends for the current year. The robust growth of 6.4 percent during Fy04 was not only sub
Published 02 Nov, 2004 12:00am
Open letter to President Musharraf

Open letter to President Musharraf

I am one of the many Pakistani origin Americans, who welcomed President Musharraf and his seven-point agenda. His bold decision to join the war against terrorism and encourage enlightened moderation has won the hearts of educated Muslims. However, there a
Published 02 Nov, 2004 12:00am
Body to review energy generation process

Body to review energy generation process

A high level official committee on alternate energy will be constituted within next three weeks which will review energy generation process from various sources like wind-mills, solar energy, high tides and bio-gas according to the requirement of differen
Published 02 Nov, 2004 12:00am
Smoking in buses

Smoking in buses

Have you ever come across a situation when you are travelling in a public bus/van the person sitting next to you starts smoking. You must have witnessed such an occasion very often. How embarrassing and disgusting the situation is when one person out of 5
Published 02 Nov, 2004 12:00am
Directive to improve social welfare institutions

Directive to improve social welfare institutions

NWFP Senior Minister Sirajul Haq has directed for streamlining the functioning of all institutions and projects under social welfare department, as well as bringing it in harmony with requirements and aspirations of the people.
Published 02 Nov, 2004 12:00am
The Aga Khan III, an extraordinary Muslim leader

The Aga Khan III, an extraordinary Muslim leader

H.R.H Sir Sultan Mohamed Shah Aga Khan III believed in Islam as a world religion and he worked ceaselessly for its triumph and glory throughout his life. He had always been passionately interested in promoting unity and understanding among the Muslims all
Published 02 Nov, 2004 12:00am