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Print - 2004-11-23
All shares index report

All shares index report

The sector-wise all shares index report on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
Best teacher award ceremony today

Best teacher award ceremony today

Best Teacher Award ceremony will be held here on Tuesday at the Federal Board of Intermediate and Secondary Education (FBISE). Federal Education Minister Javed Ashraf Qazi would be the chief guest. Twenty-five best teachers would be awarded cash prizes of
Published 23 Nov, 2004 12:00am
Zardari's release to boost democratic forces: Benazir

Zardari's release to boost democratic forces: Benazir

Political parties from across-the-board on Monday welcomed the Supreme Court's decision of granting bail to Asif Ali Zardari but said the government should do more if it really wanted to create "true political harmony". Talking to Business Recorder </i
Published 23 Nov, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Nov, 2004 12:00am
Opposition urged to show unanimity on Kashmir

Opposition urged to show unanimity on Kashmir

Foreign Minister Khurshid Mehmud Kasuri on Monday urged opposition parties to rise above differences with the government on domestic issues while safeguarding vital national interests such as Kashmir. Addressing a seminar here, he said the opposition has
Published 23 Nov, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Nov, 2004 12:00am
Anwar Jamal passes away

Anwar Jamal passes away

Anwar Jamal, former chairman and managing-director of Pakistan International Airlines, passed away here on Monday. He was 73. He leaves behind a widow and two daughters to mourn his death. PIA chairman Ahmed Saeed has expressed deep grief and sorrow over
Published 23 Nov, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Nov, 2004 12:00am
Zardari's release to bring government and opposition closer: Rashid

Zardari's release to bring government and opposition closer: Rashid

Federal Information and Broadcasting Minister, Shaikh Rashid Ahmed hopes that the release of Asif Ali Zardari under Supreme Court directions will bring the government and the opposition parties closer towards rapprochement. He was commenting on the Suprem
Published 23 Nov, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
Attractive registration marks auction on November 25

Attractive registration marks auction on November 25

An open auction of attractive registration marks of 'LZH' series is being held here on Thursday, (November 25). The auction will take place at the office of Director Excise & Taxation Region-C Lahore. According to sources, the reserved price for LZH-1 wil
Published 23 Nov, 2004 12:00am
'Better education facilities for women to be ensured'

'Better education facilities for women to be ensured'

Advisor to the Prime Minister on Women Development Nilofer Bakhtiar said that the ministry of women development will work along with the education ministry and other departments engaged in economic and social development to ensure better education facilit
Published 23 Nov, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Nov, 2004 12:00am
Customs diploma made mandatory for clearing agents licence

Customs diploma made mandatory for clearing agents licence

The Central Board of Revenue (CBR) has decided to make certificate/diploma from Directorate of Training mandatory for the issuance of licence to customs clearing agents for starting their business at air ports, seaports and dry ports. The CBR has taken no
Published 23 Nov, 2004 12:00am
Customs diploma made mandatory for clearing agents licence

Customs diploma made mandatory for clearing agents licence

The Central Board of Revenue (CBR) has decided to make certificate/diploma from Directorate of Training mandatory for the issuance of licence to customs clearing agents for starting their business at air ports, seaports and dry ports. The CBR has taken no
Published 23 Nov, 2004 12:00am
Centre asked to notify Rs 2 billion raise in NWFP net profit

Centre asked to notify Rs 2 billion raise in NWFP net profit

North West Frontier Province Chief Minister, Akram Khan Durrani has demanded of the Prime Minister, Shaukat Aziz to issue formal notification regarding Rs 2.0 billion increase in the annual net profit of hydel generation of the province as agreed with his
Published 23 Nov, 2004 12:00am
Centre asked to notify Rs 2 billion raise in NWFP net profit

Centre asked to notify Rs 2 billion raise in NWFP net profit

North West Frontier Province Chief Minister, Akram Khan Durrani has demanded of the Prime Minister, Shaukat Aziz to issue formal notification regarding Rs 2.0 billion increase in the annual net profit of hydel generation of the province as agreed with his
Published 23 Nov, 2004 12:00am
Iran freezes uranium enrichment

Iran freezes uranium enrichment

Iran on Monday froze sensitive nuclear work including uranium enrichment in a move likely to thwart US efforts to report it to the UN Security Council for possible sanctions. The suspension was confirmed by International Atomic Energy Agency (IAEA) chief
Published 23 Nov, 2004 12:00am
Iran freezes uranium enrichment

Iran freezes uranium enrichment

Iran on Monday froze sensitive nuclear work including uranium enrichment in a move likely to thwart US efforts to report it to the UN Security Council for possible sanctions. The suspension was confirmed by International Atomic Energy Agency (IAEA) chief
Published 23 Nov, 2004 12:00am
Pak-German investment accord not likely soon

Pak-German investment accord not likely soon

The draft proposal for bilateral 'investment promotion and protection agreement' given by Germany to Pakistan has not been approved by Pakistan and is not likely to be finalised in the foreseeable future. Speaking on 'Germany, EU and Pakistan Relations' B
Published 23 Nov, 2004 12:00am
Pak-German investment accord not likely soon

Pak-German investment accord not likely soon

The draft proposal for bilateral 'investment promotion and protection agreement' given by Germany to Pakistan has not been approved by Pakistan and is not likely to be finalised in the foreseeable future. Speaking on 'Germany, EU and Pakistan Relations' B
Published 23 Nov, 2004 12:00am
Tenders invited for sale of Treasury Bills

Tenders invited for sale of Treasury Bills

The State Bank of Pakistan (SBP) has invited separate tenders for the sale of 3-month (maturity on February 17, 2005) and 12-month (maturity on November 24, 2005) Treasury Bills. The pre-auction target is Rs 55,000 million. The target is close to Rs 54 bi
Published 23 Nov, 2004 12:00am
Tenders invited for sale of Treasury Bills

Tenders invited for sale of Treasury Bills

The State Bank of Pakistan (SBP) has invited separate tenders for the sale of 3-month (maturity on February 17, 2005) and 12-month (maturity on November 24, 2005) Treasury Bills. The pre-auction target is Rs 55,000 million. The target is close to Rs 54 bi
Published 23 Nov, 2004 12:00am
Tenders invited for sale of Treasury Bills

Tenders invited for sale of Treasury Bills

The State Bank of Pakistan (SBP) has invited separate tenders for the sale of 3-month (maturity on February 17, 2005) and 12-month (maturity on November 24, 2005) Treasury Bills. The pre-auction target is Rs 55,000 million. The target is close to Rs 54 bi
Published 23 Nov, 2004 12:00am
Sindh may claim Thar coal, Badin oil, gas royalty

Sindh may claim Thar coal, Badin oil, gas royalty

A move is afoot that Sindh government should demand royalty on the coal taken from Thar and oil and natural gas from Badin. The amount of royalty has not been determined but the move is to be made, initially. Thereafter, the amount may be worked out accor
Published 23 Nov, 2004 12:00am
Sindh may claim Thar coal, Badin oil, gas royalty

Sindh may claim Thar coal, Badin oil, gas royalty

A move is afoot that Sindh government should demand royalty on the coal taken from Thar and oil and natural gas from Badin. The amount of royalty has not been determined but the move is to be made, initially. Thereafter, the amount may be worked out accor
Published 23 Nov, 2004 12:00am
Atlas Group launches two mutual funds

Atlas Group launches two mutual funds

Atlas Asset Management Ltd on Monday launched two new mutual funds, in collaboration with ING Investment Management which has a fund of 460 billion euros, providing opportunity of extending its expertise in this particular field to Pakistan. State Bank Go
Published 23 Nov, 2004 12:00am
Atlas Group launches two mutual funds

Atlas Group launches two mutual funds

Atlas Asset Management Ltd on Monday launched two new mutual funds, in collaboration with ING Investment Management which has a fund of 460 billion euros, providing opportunity of extending its expertise in this particular field to Pakistan. State Bank Go
Published 23 Nov, 2004 12:00am
Atlas Group launches two mutual funds

Atlas Group launches two mutual funds

Atlas Asset Management Ltd on Monday launched two new mutual funds, in collaboration with ING Investment Management which has a fund of 460 billion euros, providing opportunity of extending its expertise in this particular field to Pakistan. State Bank Go
Published 23 Nov, 2004 12:00am
Battalion of troops pulls out of occupied Srinagar

Battalion of troops pulls out of occupied Srinagar

A battalion of occupation Indian army soldiers on Monday pulled out of occupied Kashmir's summer capital Srinagar, marking the first withdrawal from the urban hub of insurgency in the Himalayan state, officials said. India has been cutting troops from occ
Published 23 Nov, 2004 12:00am
Battalion of troops pulls out of occupied Srinagar

Battalion of troops pulls out of occupied Srinagar

A battalion of occupation Indian army soldiers on Monday pulled out of occupied Kashmir's summer capital Srinagar, marking the first withdrawal from the urban hub of insurgency in the Himalayan state, officials said. India has been cutting troops from occ
Published 23 Nov, 2004 12:00am
Nath wants Pakistan and India to make fresh start

Nath wants Pakistan and India to make fresh start

Indian commerce minister, Kamal Nath on Monday said that Pakistan and India should bury their bitter past spanning over 57 years and go hand in hand to solve problems confronted by the people of the two countries. He counted poverty, employment, lacking o
Published 23 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
Nath wants Pakistan and India to make fresh start

Nath wants Pakistan and India to make fresh start

Indian commerce minister, Kamal Nath on Monday said that Pakistan and India should bury their bitter past spanning over 57 years and go hand in hand to solve problems confronted by the people of the two countries. He counted poverty, employment, lacking o
Published 23 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
Two hurt in grenade attack on Indian occupied Kashmir newspaper office

Two hurt in grenade attack on Indian occupied Kashmir newspaper office

Two newspaper workers were wounded in a grenade attack on their office on Monday in Srinagar, the summer capital of Indian occupied Kashmir, police said. Officials said the two non-journalist staff of Urdu-language daily Tamil-e-Irshad were working on Tue
Published 23 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
Two hurt in grenade attack on Indian occupied Kashmir newspaper office

Two hurt in grenade attack on Indian occupied Kashmir newspaper office

Two newspaper workers were wounded in a grenade attack on their office on Monday in Srinagar, the summer capital of Indian occupied Kashmir, police said. Officials said the two non-journalist staff of Urdu-language daily Tamil-e-Irshad were working on Tue
Published 23 Nov, 2004 12:00am
Draft to amend Seed Act finalised

Draft to amend Seed Act finalised

The Ministry of Food, Agriculture and Livestock (Minfal) has finalised the draft of a bill to amend Seed Act 1976, recommending active participation of the private sector in breeding of new seed varieties, an official told Business Recorder here on
Published 23 Nov, 2004 12:00am
Balochistan and Sistan declared twin provinces

Balochistan and Sistan declared twin provinces

Balochistan Governor, Owais Ahmed Ghani and Governor General of Iranian province of Sistan Balochistan, Hussain Amini signed an agreement here on Monday declaring both the provinces as twins. The signing ceremony was held at Governor House, which was also
Published 23 Nov, 2004 12:00am
FPCCI voters list: SECP's concern over black spots

FPCCI voters list: SECP's concern over black spots

Almost all the trade bodies in the country, associations and chambers carry black spots and are defectively constituted. This appalling situation is reflected in the assessment of the Security Exchange Commission of Pakistan (SECP), sent to the Federation
Published 23 Nov, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
Promotion of naval ties with South Africa discussed

Promotion of naval ties with South Africa discussed

Promotion of existing ties between the Pakistan Navy (PN) and South African Navy (SAN) were discussed between the visiting South African Naval Chief Vice Admiral J. F. Retief and Admiral Shahid Karimullah here on Monday. According to a press release of Na
Published 23 Nov, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
North Korea cracking down on mobile phones

North Korea cracking down on mobile phones

North Korea is cracking down on the use of mobile phones in border areas in a bid to stop smuggling and "spy activities," Japan's Kyodo news agency said on Monday. Citing a document obtained by a Japanese non-governmental organisation, Kyodo said Pyongyan
Published 23 Nov, 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 (November 22, 2004).
Published 23 Nov, 2004 12:00am
Differences crop up over Safta execution

Differences crop up over Safta execution

Differences have emerged between India and other Saarc member countries over the implementation procedure of South Asian Preferential Trade Agreement (Safta), well-placed sources told Business Recorder. "India wants implementation of Safta as it is
Published 23 Nov, 2004 12:00am
Differences crop up over Safta execution

Differences crop up over Safta execution

Differences have emerged between India and other Saarc member countries over the implementation procedure of South Asian Preferential Trade Agreement (Safta), well-placed sources told Business Recorder. "India wants implementation of Safta as it is
Published 23 Nov, 2004 12:00am
Pakistan will continue to engage India: foreign office

Pakistan will continue to engage India: foreign office

The Foreign Office has said that Pakistan will continue to engage India in the twin process of confidence building and dialogue, hoping that it will result in resolution of all outstanding issues paving the way for peace, stability and co-operation.
Published 23 Nov, 2004 12:00am
S&P raises Pakistan's credit ratings

S&P raises Pakistan's credit ratings

Standard & Poor's Ratings Services on Monday raised its long-term sovereign credit ratings on Pakistan by one notch to 'B+' (Single B Plus) for foreign currency, and 'BB' (Double B) for local currency. A release of S&P said that the upgrades reflected dec
Published 23 Nov, 2004 12:00am
S&P raises Pakistan's credit ratings

S&P raises Pakistan's credit ratings

Standard & Poor's Ratings Services on Monday raised its long-term sovereign credit ratings on Pakistan by one notch to 'B+' (Single B Plus) for foreign currency, and 'BB' (Double B) for local currency. A release of S&P said that the upgrades reflected dec
Published 23 Nov, 2004 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Bears returned in the driving seat on the Islamabad Stock Exchange (ISE) where equities moved in downward direction under the lead of trend-setters amid the decrease in index. ISE network index showed a decrease of 21.27 points as the rate-based indicator
Published 23 Nov, 2004 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Bears returned in the driving seat on the Islamabad Stock Exchange (ISE) where equities moved in downward direction under the lead of trend-setters amid the decrease in index. ISE network index showed a decrease of 21.27 points as the rate-based indicator
Published 23 Nov, 2004 12:00am
Values move both ways on LSE

Values move both ways on LSE

Share values showed negative signs following a technical correction that led the index to downward column on the Lahore Stock Exchange (LSE), where the volume also remained on the lower side for lack of interest on the part of key-players. The LSE-25 inde
Published 23 Nov, 2004 12:00am
Values move both ways on LSE

Values move both ways on LSE

Share values showed negative signs following a technical correction that led the index to downward column on the Lahore Stock Exchange (LSE), where the volume also remained on the lower side for lack of interest on the part of key-players. The LSE-25 inde
Published 23 Nov, 2004 12:00am
Heavy badla rates clip KSE values

Heavy badla rates clip KSE values

Heavy badla rates and investment trimmed share values and the index on the first day of the new week at the Karachi Stock Exchange (KSE) ended in the negative column. The KSE-100 index fell 17.61 points, or 0.32 percent, to 5502.56 from 5520.17 on Friday.
Published 23 Nov, 2004 12:00am
Heavy badla rates clip KSE values

Heavy badla rates clip KSE values

Heavy badla rates and investment trimmed share values and the index on the first day of the new week at the Karachi Stock Exchange (KSE) ended in the negative column. The KSE-100 index fell 17.61 points, or 0.32 percent, to 5502.56 from 5520.17 on Friday.
Published 23 Nov, 2004 12:00am
Task force on economic policy constituted

Task force on economic policy constituted

The government has constituted a Task Force on Economic Policy (TEP), under Finance Division, with the mandate to provide quality input for policy formulation and ensuring its implementation, sources told Business Recorder here on Monday. The Task
Published 23 Nov, 2004 12:00am
Task force on economic policy constituted

Task force on economic policy constituted

The government has constituted a Task Force on Economic Policy (TEP), under Finance Division, with the mandate to provide quality input for policy formulation and ensuring its implementation, sources told Business Recorder here on Monday. The Task
Published 23 Nov, 2004 12:00am
Sindh government to take control of lakes from LEAs

Sindh government to take control of lakes from LEAs

After a long period of more than three decades, the administrative control of lakes in interior Sindh will be withdrawn from rangers/paramilitary forces and transferred to Sindh Government. The control over these lakes situated in the coastal areas of int
Published 23 Nov, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (November 22, 2004).

Published 23 Nov, 2004 12:00am
20 militants killed near Afghan border

20 militants killed near Afghan border

Troops have killed 20 militants in raids on a madressah and a camp in tribal territory near the Afghan border as part of ongoing operations against al Qaeda-linked fighters, the military said on Monday. Eight people were killed at the seminary in South Wa
Published 23 Nov, 2004 12:00am