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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-02-10
THE RUPEE: 15 paisa gain in open market

THE RUPEE: 15 paisa gain in open market

The rupee on Wednesday managed to gain 15 paisa versus dollar in the open market at Rs 59.50 and Rs 59.60 for buying and selling, respectively, dealers said. The rupee gained modestly on easy supply of dollars, experts said, and added that it might show m
Published 10 Feb, 2005 12:00am
'NWFP government has made no request for appointing administrators'

'NWFP government has made no request for appointing administrators'

The NWFP Minister for Local Government and Rural Development, Sardar Muhammad Idrees said on Wednesday that the NWFP government had not asked federal government to appoint administrators in districts before the upcoming local government elections. "If the
Published 10 Feb, 2005 12:00am
Muharram moon not sighted

Muharram moon not sighted

The Muharram moon has not been sighted and, therefore, the first of Muharram, 1426 AH, will fall on Friday, February 11, according to an announcement carried over television channels. All arrangements have been finalised to ensure law and or
Published 10 Feb, 2005 12:00am
Iesco recovers Rs 13,355 million during six months

Iesco recovers Rs 13,355 million during six months

The Islamabad Electric Supply Company (Iesco) has recovered Rs 13,355 million during the last six months. The line losses of the company were also reduced by 1.2 percent as compared to the previous year. In all, 4,047 pilferage cases were detected and Rs
Published 10 Feb, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Durrani directs foolproof security arrangements for Muharram

Durrani directs foolproof security arrangements for Muharram

The NWFP Chief Minister Akram Khan Durrani has directed for improved intelligence gathering mechanism and foolproof security arrangements to ensure peace in the holy month of Muharram. The MMA government was not lacking the will, determination and
Published 10 Feb, 2005 12:00am
Adamjee to develop Islamic insurance products soon

Adamjee to develop Islamic insurance products soon

Adamjee Insurance Company Limited, an associated company of Muslim Commercial Bank Limited, is expected to develop Islamic insurance products soon. Chairman, Muslim Commercial Bank Limited (MCB), Muhammad Mansha, said this at a function following the inau
Published 10 Feb, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 10 Feb, 2005 12:00am
Windmills in Sindh coastal areas planned

Windmills in Sindh coastal areas planned

The power-generating windmills are being set up on 19,700 acres of land in Sindh coastal areas to provide citizens with cheap electricity. A Alternate Energy Board (AEB) delegation stated this here on Wednesday, adding that the project would be started fr
Published 10 Feb, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Feb, 2005 12:00am
Minfal to bring 34 branded pesticides on generic list

Minfal to bring 34 branded pesticides on generic list

The Ministry for Food, Agriculture and Livestock (Minfal) has decided to bring 34 branded pesticides on the generic list after expiry of their patent rights. A notification issued by the Federal Food Agriculture and Livestock Minister Sikandar Hayat Bosan
Published 10 Feb, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Feb, 2005 12:00am
Concern over growing mental diseases caused by pollution

Concern over growing mental diseases caused by pollution

Speakers at a seminar on Wednesday expressed grave concern over the growing physical and mental disorders, caused by polluted environment as well as toxic wastes which are defacing natural beauty of environment, and called for concerted and integrated eff
Published 10 Feb, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Feb, 2005 12:00am
CPA team calls on Senate chairman

CPA team calls on Senate chairman

The resource team of Commonwealth Parliamentary Association (CPA), led by the member of British Parliament, Cherlyl Gillan called on Chairman Senate, Muhammadmian Soomro, here on Wednesday. The matters pertaining to the promotion of the parliamentary co-o
Published 10 Feb, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Government grilled over exploitation of growers by sugar mills

Government grilled over exploitation of growers by sugar mills

Joint opposition on Wednesday grilled the government in the Senate over the issue of exploitation of sugarcane growers at the hands of mill owners, as they are being paid low prices of their produce. Opposition Senator, Abdullah Riar said, "sugar mill own
Published 10 Feb, 2005 12:00am
Jadoon briefed on Shahzad International projects

Jadoon briefed on Shahzad International projects

Shahzad International Chief Executive Officer, Zaheeruddin called on Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon here on Wednesday. During the meeting, Zaheeruddin briefed the minister on the ongoing projects of his company, which,
Published 10 Feb, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Feb, 2005 12:00am
Prime Minister to meet Pakistan Steel Mills directors today

Prime Minister to meet Pakistan Steel Mills directors today

Prime Minister Shaukat Aziz will meet the newly reconstituted board of directors of Pakistan Steel Mills at the Prime Minister House here on Thursday, official sources told Business Recorder here on Wednesday. The new members of the PSM board of di
Published 10 Feb, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Sugar is sweet, but, paradoxically, it badly soured the proceedings of the Senate Wednesday night. A question by Anwer Bhinder about the price at which the sugar mills purchased the sugarcane from the growers generated so much heat that the concerned mini
Published 10 Feb, 2005 12:00am
Three cops and three dacoits killed in encounter

Three cops and three dacoits killed in encounter

Three dacoits and as many policemen were killed in an encounter with criminals here on Wednesday morning, while a citizen was gunned down by the criminals earlier during a dacoity. According to police sources, four armed dacoits barged into the house of o
Published 10 Feb, 2005 12:00am
Solution of issues with India lies in Kashmir settlement: Rashid

Solution of issues with India lies in Kashmir settlement: Rashid

Minister for Information and Broadcasting Sheikh Rashid Ahmed on Wednesday categorically stated that solution of all issues with India lies in the peaceful settlement of Indian occupied Kashmir issue. "We want to have composite dialogue with India on all
Published 10 Feb, 2005 12:00am
Former Chief Justice points to dichotomy in electronic media laws

Former Chief Justice points to dichotomy in electronic media laws

There is legal dichotomy with regard to the regulation of the electronic media, according to the former Chief Justice of Pakistan, Dr Nasim Hasan Shah. Speaking at a seminar on Electronic Media Freedom Day, organised by the Citizens Media Commission of Pa
Published 10 Feb, 2005 12:00am
World Bank team satisfied over Karachi Fish Harbour cleanliness

World Bank team satisfied over Karachi Fish Harbour cleanliness

A four-member World Bank team on Wednesday visited the Karachi Fish Harbour (KFH), and expressed their satisfaction over the cleanliness and standard. The team was comprised Eric D. Manes from South Asian Region WB, Kent R. Ford, MD, Global Development So
Published 10 Feb, 2005 12:00am
Two arrested, narcotics seized

Two arrested, narcotics seized

Pakistan Coast Guards officials have arrested two drug peddlers at the Uthal check-post, and recovered 1,055 kg hashish and 28-kg opium costing million of rupees, a press release of the PCG said on Wednesday. The arrest of the peddlers became possible aft
Published 10 Feb, 2005 12:00am
Removal of ban on used auto parts: Ministries' comments to be sought

Removal of ban on used auto parts: Ministries' comments to be sought

The Central Board of Revenue (CBR) has decided to approach Ministry of Industries and Production to obtain their viewpoint on the withdrawal of ban on import of second-hand auto parts, which are 'not manufactured locally'. In this connection, the CBR has
Published 10 Feb, 2005 12:00am
Islamabad and Riyadh agree to set up Islamic bank

Islamabad and Riyadh agree to set up Islamic bank

Pakistan and Saudi Arabia on Wednesday agreed to establish an "Islamic Commercial Bank" in Pakistan and a leasing company in Saudi Arabia in a joint venture to promote trade and investment between the two brotherly countries. Both the countries also agree
Published 10 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Islamabad and Riyadh agree to set up Islamic bank

Islamabad and Riyadh agree to set up Islamic bank

Pakistan and Saudi Arabia on Wednesday agreed to establish an "Islamic Commercial Bank" in Pakistan and a leasing company in Saudi Arabia in a joint venture to promote trade and investment between the two brotherly countries. Both the countries also agree
Published 10 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Pakistan seen buying white sugar vigorously

Pakistan seen buying white sugar vigorously

Pakistan will likely buy white sugar vigorously after removal of import duty on both raw and white sugar as it is now late to import much more raw sugar for refining in the domestic crush, operators said on Wednesday. Market sources estimated Pakistan cou
Published 10 Feb, 2005 12:00am
Pakistan seen buying white sugar vigorously

Pakistan seen buying white sugar vigorously

Pakistan will likely buy white sugar vigorously after removal of import duty on both raw and white sugar as it is now late to import much more raw sugar for refining in the domestic crush, operators said on Wednesday. Market sources estimated Pakistan cou
Published 10 Feb, 2005 12:00am
1.826 million tons sugar produced so far

1.826 million tons sugar produced so far

Sugar production, as on February 1, stood at 1.826 million tons, against 1.938 million tons of the corresponding period of last year, showing shortfall of over 0.1 million tons. According to Pakistan Sugar Mills Association (PSMA) fortnightly report issue
Published 10 Feb, 2005 12:00am
1.826 million tons sugar produced so far

1.826 million tons sugar produced so far

Sugar production, as on February 1, stood at 1.826 million tons, against 1.938 million tons of the corresponding period of last year, showing shortfall of over 0.1 million tons. According to Pakistan Sugar Mills Association (PSMA) fortnightly report issue
Published 10 Feb, 2005 12:00am
Rs 18.566 billion of Zakat fund lying unspent

Rs 18.566 billion of Zakat fund lying unspent

A substantial amount of Rs 18.566 billion allocated for Zakat Fund during 2002-03 is still lying unutilised, highlighting the casual approach of officials towards poverty-stricken people. This alarming situation was revealed in the 'Audit Report on the Ac
Published 10 Feb, 2005 12:00am
Foreign investment set to rise: Musharraf

Foreign investment set to rise: Musharraf

President General Pervez Musharraf said on Wednesday that Pakistan's consistent economic growth and investor-friendly environment are set to attract foreign investment into a number of promising sectors. The President remarked this during a meeting with a
Published 10 Feb, 2005 12:00am
Pakistan and Sudan sign MoU

Pakistan and Sudan sign MoU

A memorandum of understanding for the establishment of annual consultations between the foreign ministries of Pakistan and Sudan was signed here on Wednesday at the ministry of foreign affairs. The memorandum of understanding was singed by Javed Hafiz, Ad
Published 10 Feb, 2005 12:00am
Malaysian premier due on February 15

Malaysian premier due on February 15

Malaysian Prime Minister Abdullah Ahmad Badawi along with some 30 leading businessmen will visit Pakistan from February 15-18. The delegation will discuss areas of bilateral interest, investment and setting up of joint ventures in Pakistan. In order to ex
Published 10 Feb, 2005 12:00am
CBR role following reform plan explained

CBR role following reform plan explained

Central Board of Revenue Chairman M Abdullah Yusuf has said it is unfortunate that performance of CBR is narrowly linked to revenue targets only, without any regard to the state of the economy, delinquencies of the taxpayers and rudimentary nature of tax
Published 10 Feb, 2005 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
CBR role following reform plan explained

CBR role following reform plan explained

Central Board of Revenue Chairman M Abdullah Yusuf has said it is unfortunate that performance of CBR is narrowly linked to revenue targets only, without any regard to the state of the economy, delinquencies of the taxpayers and rudimentary nature of tax
Published 10 Feb, 2005 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Annan briefed on Baglihar dam issue

Annan briefed on Baglihar dam issue

The Permanent Representative of Pakistan to the United Nations, Ambassador Munir Akram called on the UN Secretary General Kofi Annan on Tuesday evening and briefed him verbally on the Baglihar Dam issue with India, official sources said. "Ambassador Akram
Published 10 Feb, 2005 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Annan briefed on Baglihar dam issue

Annan briefed on Baglihar dam issue

The Permanent Representative of Pakistan to the United Nations, Ambassador Munir Akram called on the UN Secretary General Kofi Annan on Tuesday evening and briefed him verbally on the Baglihar Dam issue with India, official sources said. "Ambassador Akram
Published 10 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
World Bank to give $100 million annually for ESRF for 10 years

World Bank to give $100 million annually for ESRF for 10 years

World Bank President James D Wolfensohn has approved extension of Chief Minister's Education Sector Reform Programme (ESRF) for the next 10 years, for which the Bank would provide $100 million every year in addition to $200 million already released for th
Published 10 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
World Bank to give $100 million annually for ESRF for 10 years

World Bank to give $100 million annually for ESRF for 10 years

World Bank President James D Wolfensohn has approved extension of Chief Minister's Education Sector Reform Programme (ESRF) for the next 10 years, for which the Bank would provide $100 million every year in addition to $200 million already released for th
Published 10 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
IMF sees 'modest' Italy pick-up, deficit overshoot

IMF sees 'modest' Italy pick-up, deficit overshoot

Italian economic growth will come in below the government's target this year and the budget deficit will exceed the European Union's 3 percent of GDP limit, the International Monetary Fund said on Wednesday. In its annual 'Article IV' report on Italy, the
Published 10 Feb, 2005 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
'Kapco to be highly profitable IPO'

'Kapco to be highly profitable IPO'

The Privatisation Commission of Pakistan has termed Kot Addu Power Company Limited (Kapco) a highly profitable IPO, which will benefit the general public to the maximum. Talking to reporters at the second road show of Kapco here on Wednesday, Privatisatio
Published 10 Feb, 2005 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
'Kapco to be highly profitable IPO'

'Kapco to be highly profitable IPO'

The Privatisation Commission of Pakistan has termed Kot Addu Power Company Limited (Kapco) a highly profitable IPO, which will benefit the general public to the maximum. Talking to reporters at the second road show of Kapco here on Wednesday, Privatisatio
Published 10 Feb, 2005 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Japan demands that Russia return northern islands

Japan demands that Russia return northern islands

Japanese leaders demanded on Monday that Russia return four rocky islands at the centre of 60-year-old dispute that has kept the two nations from signing a peace treaty formally ending World War Two. Far from improving with time, the dispute over the isla
Published 10 Feb, 2005 12:00am
Disabled Tiananmen survivors belatedly mourn Zhao

Disabled Tiananmen survivors belatedly mourn Zhao

Two disabled survivors of the 1989 army crackdown on the student-led Tiananmen Square demonstrations for democracy have finally had the chance to mourn deposed Communist Party chief Zhao Ziyang. Pang Meiqing, who is paralysed from the waist down after a s
Published 10 Feb, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Nokia aims to boost services operation

Nokia aims to boost services operation

Finland's Nokia has gathered its networks services business in a single unit, focusing efforts to tap into the fast-growing market of managing operator networks, the company said on Wednesday. The firm said the services business, which includes day-to-day
Published 10 Feb, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 09, 2005).
Published 10 Feb, 2005 12:00am
Deutsche Bank faces boycott call over job cuts

Deutsche Bank faces boycott call over job cuts

Leading members of Germany's ruling Social Democrats and Greens have rounded on Deutsche Bank over its planned jobs cut, one even calling for Germans to boycott the country's largest bank. Deutsche Bank has enraged centre-left politicians with its plans t
Published 10 Feb, 2005 12:00am
Polish minister signals new centre-left movement

Polish minister signals new centre-left movement

Polish Economy Minister Jerzy Hausner said on Monday he had quit the ruling Democratic Left Alliance (SLD) and might join efforts to form a new centre-left movement to contest this year's elections. Hausner and Prime Minister Marek Belka have been frustra
Published 10 Feb, 2005 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 Wednesday (February 09, 2005).

Published 10 Feb, 2005 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where players and genuine traders offloaded their positions to avoid heavy losses amid the decrease in index. ISE network index showed a decrease of 28.91 points as the rate-based in
Published 10 Feb, 2005 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where players and genuine traders offloaded their positions to avoid heavy losses amid the decrease in index. ISE network index showed a decrease of 28.91 points as the rate-based in
Published 10 Feb, 2005 12:00am
Britons want some new deadly sins

Britons want some new deadly sins

The Seven Deadly Sins - anger, gluttony, sloth, envy, pride, lust and greed - are out of date and should include cruelty, adultery and bigotry, the results of an opinion poll suggest. Greed is the only one of the seven that should remain a sin in today's
Published 10 Feb, 2005 12:00am
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