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Print - 2005-01-14
Pre-Haj operation completes today

Pre-Haj operation completes today

The pre-Haj operation to airlift about 150,000 Pakistani pilgrims to Saudi Arabia will be completed with departure of last Haj flight of Pakistan International Airlines (PIA), PK-1761 carrying 270 pilgrims for Jeddah here on Friday night. This was stated
Published 14 Jan, 2005 12:00am
Foreign Office takes historic view of Baglihar dam issue

Foreign Office takes historic view of Baglihar dam issue

Foreign Office spokesman Masood Khan taking historic view of Baglihar dam issue on Thursday said Pakistan had been trying to get the dispute settled with India through laid down bilateral mechanism right from 1992. Speaking in a PTV programme News Morning
Published 14 Jan, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Expatriates donate huge amount for Sialkot Trauma Centre

Expatriates donate huge amount for Sialkot Trauma Centre

The Pakistani community settled in Norway and Sweden has contributed huge donations to purchase necessary equipment for the Trauma Centre, Sialkot. This was stated by Sialkot District Nazim Mian Naeem Javed, while addressing a fund-raising meeting held he
Published 14 Jan, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Hafeez to inaugurate auto industry fair today

Hafeez to inaugurate auto industry fair today

Federal Minister for Privatisation and Investment Dr Abdul Hafeez Shaikh will inaugurate the first international exhibition of automobile industry Automex 2005 at Karachi Expo Centre on Friday. According to organisers here on Thursday, a large number of l
Published 14 Jan, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Pakistan spends over Rs one billion on tsunami relief operation

Pakistan spends over Rs one billion on tsunami relief operation

Pakistan has so far spent over one billion rupee for the tsunami relief operation, additional secretary cabinet division Syed Yassin Ahmad said on Thursday. Talking to PTV he said, Pakistan joined the operation within 24 hours of the disaster by dispatchi
Published 14 Jan, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Foreign ministry told to observe fiscal discipline

Foreign ministry told to observe fiscal discipline

The Public Accounts Committee (PAC) has directed ministry of foreign affairs to firm up fiscal discipline at its headquarter in Islamabad as well as at missions abroad. The committee also asked the ministry to surrender unspent amounts and savings within
Published 14 Jan, 2005 12:00am
PCRWR told to set up water filtration plants

PCRWR told to set up water filtration plants

Prime Minister Shaukat Aziz on Thursday directed the Pakistan Council of Research in Water Resources (PCRWR) to immediately set up one water filtration plant in each district of the country to provide clean drinking water. He made this directive during a
Published 14 Jan, 2005 12:00am
Water shortage makes wheat target hard to achieve: minister

Water shortage makes wheat target hard to achieve: minister

Federal Minister Food, Agriculture and Livestock Sikandar Hayat Khan Bosan has said that overwhelming household and industrial consumption of water in the country is 'one of the reasons' behind its acute shortage for agriculture purposes. Addressing a mee
Published 14 Jan, 2005 12:00am
THE RUPEE: eight paisa gain in interbank market

THE RUPEE: eight paisa gain in interbank market

The value of the rupee increased versus the dollar in the interbank market by seven paisa for buying and eight paisa for selling at 59.48 and 59.52 on rising supply of the greenback, dealers said on Thursday. Fresh arrival of dollars boosted the rupee's v
Published 14 Jan, 2005 12:00am
UBL and NTC sign deal on cash management

UBL and NTC sign deal on cash management

The United Bank Limited (UBL) and the National Telecommunication Corporation (NTC) on Thursday entered into an agreement on cash management. NTC chairman Rear Admiral Shahid Farooq SI (M), Member Finance Neelam Ali, UBL corporate head Mansoor Khan and UBL
Published 14 Jan, 2005 12:00am
THE RUPEE: eight paisa gain in interbank market

THE RUPEE: eight paisa gain in interbank market

The value of the rupee increased versus the dollar in the interbank market by seven paisa for buying and eight paisa for selling at 59.48 and 59.52 on rising supply of the greenback, dealers said on Thursday. Fresh arrival of dollars boosted the rupee's v
Published 14 Jan, 2005 12:00am
ECO pledges to boost industrial relations

ECO pledges to boost industrial relations

The Economic Co-operation Organisation countries have pledged to pool resources for improving industrial relations. As a first step, they will pinpoint sources for collection of specific data required for preparation of the "ECO regional strategy on indus
Published 14 Jan, 2005 12:00am
Textile Composite: NINA INDUSTRIES LIMITED - Year Ended 30/06/2004

Textile Composite: NINA INDUSTRIES LIMITED - Year Ended 30/06/2004

This textile processing unit of SITE, Manghopir Road Karachi again suffered loss for the second year. This is an export oriented unit and expectations are that there will be turn around. Instead of loss it could be in a break-even position but for higher
Published 14 Jan, 2005 12:00am
Residential facilities to education staff promised

Residential facilities to education staff promised

Federal Minister for Education Lieutenant General Javed Ashraf Qazi (Retd) has pledged to provision of residential facilities to the federal government education staff serving in Islamabad. He was addressing to the media men on the occasion of annual Acad
Published 14 Jan, 2005 12:00am
Textile Composite: NINA INDUSTRIES LIMITED - Year Ended 30/06/2004

Textile Composite: NINA INDUSTRIES LIMITED - Year Ended 30/06/2004

This textile processing unit of SITE, Manghopir Road Karachi again suffered loss for the second year. This is an export oriented unit and expectations are that there will be turn around. Instead of loss it could be in a break-even position but for higher
Published 14 Jan, 2005 12:00am
Punjab Assembly passes two bills

Punjab Assembly passes two bills

The Punjab Assembly passed two bills - The Punjab Heritage Foundation Bill-2004 and The Punjab Consumer Protection Bill-2004 - on Thursday. The treasury benches tabled both the bills. Earlier, a heated debate was witnessed in the assembly when opposition
Published 14 Jan, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
47 percent highways need upgrading: NHA chief

47 percent highways need upgrading: NHA chief

Addressing a consultative seminar on the toll taxes, the Chairman of the National Highway Authority, Major General Farrukh Javed has disclosed that 47 percent of the national highways were in 'very poor' condition and need immediate up-gradation. He said
Published 14 Jan, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
IBP holds talk on Storage Networking Technologies

IBP holds talk on Storage Networking Technologies

The Institute of Bankers Pakistan and Rkaz Technology Partners (Malaysia) are jointly holding a talk on "Storage Networking Technologies" on Friday (January 14) at 6 pm. The programme will be attended by IT professionals especially those pursuing speciali
Published 14 Jan, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Jan, 2005 12:00am
Zia Zuberi elected Ipra chief

Zia Zuberi elected Ipra chief

Divisional Director of Corporate Communication, Siemens, Pakistan, Zia-ul-Islam Zuberi, has been elected National Chair for the International Public Relations Association (Ipra), a press release said on Thursday. Zuberi was the first member of the Ipra fr
Published 14 Jan, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Jan, 2005 12:00am
Five Pakistani students qualify for US science contest

Five Pakistani students qualify for US science contest

Five teenaged scientists from Pakistan will visit USA this spring to compete with nearly 1400 scientists selected on their basis of innovation in science and technology. Intel Corporation, world's leading chip maker and computer manufacturer holds interna
Published 14 Jan, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Jan, 2005 12:00am
Registration of domestic servants to start in Karachi after Eid

Registration of domestic servants to start in Karachi after Eid

The Karachi police will start registration of domestic servants after Eid-ul-Azha to compile a comprehensive record that will help in reducing robberies. Sindh Home Affairs Minister Rauf Siddiqui stated this, while speaking at the inaugural ceremony of De
Published 14 Jan, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Sacrificial animals prices rise

Sacrificial animals prices rise

A survey of the Bakra Mandi at Malir and Super Highway revealed an unexpected increase in the prices of sacrificial animals soon after the citing of Zilhij moon. Bakra Mandi visitors were talking about skyrocketing prices of animals, especially goat price
Published 14 Jan, 2005 12:00am
Police directed to control street crimes

Police directed to control street crimes

Sindh Governor Dr Ishratul Ibad Khan has directed the police chief to control street crimes, and increase mobility and visibility of the police force in the province. He was addressing a meeting of the police officers at the Governor House on Thursday. Ib
Published 14 Jan, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Jan, 2005 12:00am
PTCL Eid package

PTCL Eid package

Pakistan Telecommunication Limited has announced an Eid package for the new consumers and on every new connection, a telephone set will be given free of cost. This package will be effective from Friday (January 14) till January 19. The utility, however, w
Published 14 Jan, 2005 12:00am
Convicts must be asked about filing appeal: FSC

Convicts must be asked about filing appeal: FSC

Federal Shariat Court comprising Justice Saeed-ur-Rehman Farrukh and Justice Zafar Pasha Chaudhry has directed all the Inspectors General of prisons to put all the jail superintendents under obligation to submit a report to the proper appellate forum in r
Published 14 Jan, 2005 12:00am
ICT police asked to beef up security

ICT police asked to beef up security

Following the demise of Shia religious scholar, Agha Ziauddin in Rawalpindi, the Islamabad district administration has ordered the ICT police to step up security in the Capital to avert expected chaos by enraged protesters. In this connection, a high-leve
Published 14 Jan, 2005 12:00am
July-December sales tax collection surpasses target

July-December sales tax collection surpasses target

Breaking all the previous records of sales tax collection at the import stage and local consumption, the Central Board of Revenue (CBR) has collected Rs 138.225 billion as sales tax against the target of Rs 124.6 billion during the first half of the curre
Published 14 Jan, 2005 12:00am
July-December sales tax collection surpasses target

July-December sales tax collection surpasses target

Breaking all the previous records of sales tax collection at the import stage and local consumption, the Central Board of Revenue (CBR) has collected Rs 138.225 billion as sales tax against the target of Rs 124.6 billion during the first half of the curre
Published 14 Jan, 2005 12:00am
SBP injects Rs 9.350 billion into money market

SBP injects Rs 9.350 billion into money market

The State Bank of Pakistan on Thursday injected Rs 9.350 billion into the money market to offset the impact of heavy withdrawal for Eid season. The market was short of liquidity and the banks were facing withdrawal by the general public for Eid, said bank
Published 14 Jan, 2005 12:00am
SBP injects Rs 9.350 billion into money market

SBP injects Rs 9.350 billion into money market

The State Bank of Pakistan on Thursday injected Rs 9.350 billion into the money market to offset the impact of heavy withdrawal for Eid season. The market was short of liquidity and the banks were facing withdrawal by the general public for Eid, said bank
Published 14 Jan, 2005 12:00am
Hundi business flourishing again

Hundi business flourishing again

Hundi system has revived in Pakistan as it regained substantial share of about 30 percent of the market channelling millions of dollars from abroad to property and stocks business in the country. Both the banks and foreign currency dealers said the Hundi
Published 14 Jan, 2005 12:00am
Hundi business flourishing again

Hundi business flourishing again

Hundi system has revived in Pakistan as it regained substantial share of about 30 percent of the market channelling millions of dollars from abroad to property and stocks business in the country. Both the banks and foreign currency dealers said the Hundi
Published 14 Jan, 2005 12:00am
12 killed in bus-truck collision at Rojhan

12 killed in bus-truck collision at Rojhan

At least 12 people, including drivers of truck and bus, child and an aged woman, were killed and another 40 injured in a head-on collision between a bus and truck near the Toll Plaza of Rojhan on the Indus Highway, on Thursday morning. A Peshawar-bound ai
Published 14 Jan, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
12 killed in bus-truck collision at Rojhan

12 killed in bus-truck collision at Rojhan

At least 12 people, including drivers of truck and bus, child and an aged woman, were killed and another 40 injured in a head-on collision between a bus and truck near the Toll Plaza of Rojhan on the Indus Highway, on Thursday morning. A Peshawar-bound ai
Published 14 Jan, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
EU parliament for cancellation of developing nations debt

EU parliament for cancellation of developing nations debt

The European Parliament called on Thursday on the international community to gradually cancel debt owed by the developing nations, adding that solidarity should go beyond responding to humanitarian crises. "All creditors and especially international insti
Published 14 Jan, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Pak-India traders to jointly tackle textile issues

Pak-India traders to jointly tackle textile issues

Textile industrialists of Pakistan and India have agreed to make joint efforts to safeguard their business interests in the international market. According to the information made available to Business Recorder here on Thursday, textile industriali
Published 14 Jan, 2005 12:00am
Pak-India traders to jointly tackle textile issues

Pak-India traders to jointly tackle textile issues

Textile industrialists of Pakistan and India have agreed to make joint efforts to safeguard their business interests in the international market. According to the information made available to Business Recorder here on Thursday, textile industriali
Published 14 Jan, 2005 12:00am
DTO rejects Businessmen Forum plea

DTO rejects Businessmen Forum plea

Director Trade Organisations (DTO) of the Commerce ministry on Thursday rejected the plea of Businessmen Forum (BF) and observed in his order that constitution of arbitral tribunal by the FPCCI under section 12 (2) of T.O. Ordinance 1961, was just and pro
Published 14 Jan, 2005 12:00am
Federal commercial courts to function under Supreme Court

Federal commercial courts to function under Supreme Court

Federal Law and Justice Minister Wasi Zafar on Thursday released the detailed bill that will establish federal commercial courts to expedite action on commercial and financial disputes with appellate as well as original jurisdictions. Addressing a news co
Published 14 Jan, 2005 12:00am
Federal commercial courts to function under Supreme Court

Federal commercial courts to function under Supreme Court

Federal Law and Justice Minister Wasi Zafar on Thursday released the detailed bill that will establish federal commercial courts to expedite action on commercial and financial disputes with appellate as well as original jurisdictions. Addressing a news co
Published 14 Jan, 2005 12:00am
Google unveils search product for small businesses

Google unveils search product for small businesses

Google Inc late on Wednesday unveiled the "Mini," a new hardware product aimed at helping small businesses add search to their public Web sites and giving employees more tools to find information quickly on internal networks. Google gets a small percentag
Published 14 Jan, 2005 12:00am
50 senior officers going to US for training

50 senior officers going to US for training

As many as 50 high-ranking officers are leaving for the United States on Friday for training in senior and medium cadres, well-informed sources told Business Recorder. The duration of the course will be of six weeks. Currently, these officers are s
Published 14 Jan, 2005 12:00am
Conditions set for duty relief on raw sugar import

Conditions set for duty relief on raw sugar import

The Central Board of Revenue (CBR) has laid down five conditions for giving exemption of 25 percent customs duty on the import of raw sugar. The CBR has superseded SRO. 17(I)/2005 of January 1 through an SRO (I)/2005 issued here on Thursday.
Published 14 Jan, 2005 12:00am
Conditions set for duty relief on raw sugar import

Conditions set for duty relief on raw sugar import

The Central Board of Revenue (CBR) has laid down five conditions for giving exemption of 25 percent customs duty on the import of raw sugar. The CBR has superseded SRO. 17(I)/2005 of January 1 through an SRO (I)/2005 issued here on Thursday.
Published 14 Jan, 2005 12:00am
Conditions set for duty relief on raw sugar import

Conditions set for duty relief on raw sugar import

The Central Board of Revenue (CBR) has laid down five conditions for giving exemption of 25 percent customs duty on the import of raw sugar. The CBR has superseded SRO. 17(I)/2005 of January 1 through an SRO (I)/2005 issued here on Thursday.
Published 14 Jan, 2005 12:00am
Conditions set for duty relief on raw sugar import

Conditions set for duty relief on raw sugar import

The Central Board of Revenue (CBR) has laid down five conditions for giving exemption of 25 percent customs duty on the import of raw sugar. The CBR has superseded SRO. 17(I)/2005 of January 1 through an SRO (I)/2005 issued here on Thursday.
Published 14 Jan, 2005 12:00am
Foreign affairs ministry can issue exemption certificate to UN

Foreign affairs ministry can issue exemption certificate to UN

The Central Board of Revenue (CBR) has empowered the Foreign Affairs Ministry to issue exemption certificates to the United Nations and its affiliated organisations for levying zero-percent sales tax on the supplies made by the registered people to these
Published 14 Jan, 2005 12:00am
Foreign affairs ministry can issue exemption certificate to UN

Foreign affairs ministry can issue exemption certificate to UN

The Central Board of Revenue (CBR) has empowered the Foreign Affairs Ministry to issue exemption certificates to the United Nations and its affiliated organisations for levying zero-percent sales tax on the supplies made by the registered people to these
Published 14 Jan, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (January 13, 2005).

Published 14 Jan, 2005 12:00am
UK's factory output drops unexpectedly

UK's factory output drops unexpectedly

British factory output fell unexpectedly in November, for the fifth month in the past six, bolstering the chances interest rates will remain on hold at 4.75 percent later on Thursday and perhaps for months to come. The Office for National Statistics said
Published 14 Jan, 2005 12:00am
Wal-Mart starts ad campaign to boost image

Wal-Mart starts ad campaign to boost image

Wal-Mart Stores Inc, the world's biggest retailer, launched a national advertising campaign on Thursday to burnish an image tarnished by allegations that it discriminates in hiring and promotions and drives smaller rivals out of business. The company is r
Published 14 Jan, 2005 12:00am
Hundreds of tardy Cameroon functionaries face lockout

Hundreds of tardy Cameroon functionaries face lockout

Hundreds of Cameroon government employees have found themselves locked out of their offices after rolling in to work late, following a crackdown by their new Public Service Minister Ephraim Inoni. The education and finance ministries were the latest to be
Published 14 Jan, 2005 12:00am
LSE index loses 107.14 points

LSE index loses 107.14 points

Share values nose-dived at local stock market on account of panic selling, which was mainly caused by reports regarding revision of exposure rules by the Securities and Exchange Commission of Pakistan (SECP) as well as disturbing law and order situation a
Published 14 Jan, 2005 12:00am