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Jan 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-02-18
Cement: CHERAT CEMENT COMPANY LIMITED - Year Ended June 30 2004

Cement: CHERAT CEMENT COMPANY LIMITED - Year Ended June 30 2004

The year July-June 2003-04, proved to be an exceptional year for the company. The company not only established a new production record of 801,563 tonnes but also achieve sales volume of 789,437 tonnes during the year. There was also impressive increase in
Published 18 Feb, 2005 12:00am
One million die of malaria annually

One million die of malaria annually

An estimated one million people still die every year on account of Malaria and despite advancement in science much is to be done for the betterment of ailing humanity. Government College (GC) University Lahore dean of science Dr M A Kashmiri stated this w
Published 18 Feb, 2005 12:00am
Cement: CHERAT CEMENT COMPANY LIMITED - Year Ended June 30 2004

Cement: CHERAT CEMENT COMPANY LIMITED - Year Ended June 30 2004

The year July-June 2003-04, proved to be an exceptional year for the company. The company not only established a new production record of 801,563 tonnes but also achieve sales volume of 789,437 tonnes during the year. There was also impressive increase in
Published 18 Feb, 2005 12:00am
PAC summons ministry to resolve PSL sell-off issue

PAC summons ministry to resolve PSL sell-off issue

The Public Accounts Committee (PAC) on Thursday summoned the Privatisation Ministry in its next meeting to sought out the issue of privatisation of Pakistan Switchgear Limited (PSL), a subsidiary of State Engineering Corporation (SEC). The PAC, which met
Published 18 Feb, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
Commissioners given task to expand tax base

Commissioners given task to expand tax base

Central Board of Revenue (CBR) chairman Abdullah Yusuf has given the task of expanding tax base to commissioners of income tax (appeals) on the basis of data available through different sources, as income tax work force will be used for discovering new ta
Published 18 Feb, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
Former ZTBL deputy director passes away

Former ZTBL deputy director passes away

Akhtarul Islam Hashmi, former deputy director, Zarai Tarraqiati Bank Limited (ZTBL), died here on Thursday morning. He was laid to rest after sunset. His Soyem will be held between Zohr and Asr prayers on Saturday, February 19, at Mai Reshma Masjid, Stree
Published 18 Feb, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2005 12:00am
Musharraf visits Lebanese envoy's house

Musharraf visits Lebanese envoy's house

President Pervez Musharraf visited the residence of Lebanese Ambassador on Thursday morning to condole the assassination of former Lebanese Prime Minister Rafiq Al-Hariri,. The President offered Fateha and recorded his remarks in the condolence book. In h
Published 18 Feb, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2005 12:00am
National Assembly summoned on February 23

National Assembly summoned on February 23

President General Pervez Musharraf has summoned the National Assembly to meet here in the Parliament Building on February 23, (Wednesday) at 4:00 pm, in suppression of the earlier order of February 21.
Published 18 Feb, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2005 12:00am
National Assembly body approves public compliant bill

National Assembly body approves public compliant bill

The National Assembly standing committee on law, justice and human rights on Thursday approved the draft of proposed Public Compliant Bill, 2005 after making certain amendments. The committee met here under the chairmanship of MNA Rai Mansab Ali Khan in t
Published 18 Feb, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 Feb, 2005 12:00am
Merger of textile exporters bodies planned

Merger of textile exporters bodies planned

The textile exporters have initiated a move for merger of associations dealing in the same product to face the challenges of the new trade scenario and to have a strong say in the powers of corridors to get their demands accepted. The idea was discussed a
Published 18 Feb, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
Duty hike by Indonesia hits Pakistani kino export

Duty hike by Indonesia hits Pakistani kino export

The increase in import duty on Pakistani kino from 5 percent to 25 percent by Indonesia, casting dark shadows on local kino sector, could not be resolved so far as Pakistani embassy officials in Jakarta have remained unable to approach the Indonesian Trad
Published 18 Feb, 2005 12:00am
FPCCI chief welcomes Pak-India agreements

FPCCI chief welcomes Pak-India agreements

Chaudhry Mohammad Saeed, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the agreements reached between India and Pakistan including the start of Muzaffarabad - Srinagar bus service. In a statement before leaving fo
Published 18 Feb, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Feb, 2005 12:00am
Government-PPP contacts hit stalemate

Government-PPP contacts hit stalemate

The months long contacts between President Pervez Musharraf's aides and Pakistan People's Party have hit a stalemate on the thorny uniform issue and early elections under an independent Election Commission. The aides also could not say yes to the party's
Published 18 Feb, 2005 12:00am
Sindh Cabinet showing flexible attitude towards PPP

Sindh Cabinet showing flexible attitude towards PPP

The Sindh Cabinet under the chief ministership of Dr Arbab Ghulam Rahim has begun to show flexible attitude toward Pakistan People's Party (PPP) in anticipation of an expected change in the political set-up in Sindh. Sources said that Dr Arbab during his
Published 18 Feb, 2005 12:00am
PPL to start offshore drilling in Pasni today

PPL to start offshore drilling in Pasni today

The Pakistan Petroleum Limited (PPL) in collaboration with Mari gas and government holdings for the first time would undertake drilling an offshore exploration well X-2, located about 58 kilometers south-west of Pasni, Balochistan. The PPL is the first Pa
Published 18 Feb, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 18 Feb, 2005 12:00am
Gilani welcomes bus service accord

Gilani welcomes bus service accord

Acting Prime Minister Azad Jammu Kashmir, Syed Mumtaz Gilani has welcomed the decision for starting Muzaffarabad-Srinagar bus service, saying this would pave way for better ties between two countries and towards the peaceful solution of long standing disp
Published 18 Feb, 2005 12:00am
Benazir hails bus agreement

Benazir hails bus agreement

Former Prime Minister and chairperson of the Pakistan Peoples Party (PPP) Benazir Bhutto has welcomed the India - Pakistan accord on the resumption of Srinagar Muzaffarabad bus service and described it as a mean of further increase in goodwill between Ind
Published 18 Feb, 2005 12:00am
Quick action force to combat terror activities

Quick action force to combat terror activities

To combat terrorist activity and keep vigilant eyes on the miscreant, army has formed a quick action force (QAF) which would help in maintaining peace and tranquillity during Ashura-i-Muharram in Multan and other sensitive areas. To check the skill and ab
Published 18 Feb, 2005 12:00am
Student leaders observe hunger strike against Aga Khan Board

Student leaders observe hunger strike against Aga Khan Board

The students of various colleges under the banner of 'Muttahida Talaba Mahaz' on Thursday observed token hunger strike here at Punjab University old campus in protest against the constitution of Aga Khan Board (AKB). Muslim Students Federation President R
Published 18 Feb, 2005 12:00am
Army's flag march in sensitive areas of NWFP

Army's flag march in sensitive areas of NWFP

Army personnel have started flag march in sensitive areas of NWFP during Moharram-ul-Haram, said an Inter-Services Public Relation (ISPR) press release issued on Thursday. Corps Commander, Lieutenant General Safdar Hussain has also issued special i
Published 18 Feb, 2005 12:00am
New Umrah policy by month-end

New Umrah policy by month-end

Minister for Religious Affairs, Zakat and Ushr, Muhammad Ejaz-ul-Haq on Thursday said that action would be initiated on the recommendations of inquiry committee to probe irregularities in Haj arrangements. "The committee headed by Joint Secretary (Haj) of
Published 18 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
Unfair labour practices hamper productivity

Unfair labour practices hamper productivity

Unfair labour practices, prevailing in the formal and informal sectors, hamper institutional, industrial and agricultural productivity. This was the consensus of a five-day national training workshop on 'Unfair Labour Practicess' concluded here on Thursda
Published 18 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
IIRO dispatches relief goods to Balochistan

IIRO dispatches relief goods to Balochistan

International Islamic Relief Organisation (IIRO), Saudi Arabia on Thursday dispatched emergency relief goods for rain and flood victims in Balochistan province. Federal Minister for Religious Affairs, Ejaz-ul-Haq, Saudi Ambassador in Pakistan, Ali Bin Sae
Published 18 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
Security measures in Faisalabad reviewed

Security measures in Faisalabad reviewed

Corps Commander Lieutenant General Javaid Alam Khan has directed that all necessary steps be taken for maintenance of peace and order during Muharram and that all miscreants and trouble-makers be crushed with full force. He here issued this direction, dur
Published 18 Feb, 2005 12:00am
Shaukat for aggressive drive against drugs and narcotics

Shaukat for aggressive drive against drugs and narcotics

Prime Minister Shaukat Aziz on Thursday called for launching an aggressive awareness campaign against the harmful affects of narcotics to wage a sustained war against the menace afflicting the society. The Prime Minister also directed setting up of Addict
Published 18 Feb, 2005 12:00am
Call for focus on construction, light engineering sectors

Call for focus on construction, light engineering sectors

The WTO in theory seems to be good for the developing countries, but in practice it has so far proved to be a tool in the hand of developed countries to exploit the weaker. These views were expressed by Lahore Nespak General Manager and WTO Cell Convenor
Published 18 Feb, 2005 12:00am
Kashmir bus service accord hailed

Kashmir bus service accord hailed

The Speaker Azad Jammu Kashmir Assembly, Sardar Siab talking to APP on Wednesday welcomed the decision of starting Muzaffarabad-Srinagar Bus Service and termed it a "constructive and positive development" towards the peaceful solution of long-standing dis
Published 18 Feb, 2005 12:00am
Lehri thanks Sindh governor for help

Lehri thanks Sindh governor for help

Film actor Safirullah, popularly known as Lehri, has said that he is thankful to present government and particularly Sindh Governor Dr Ishrat-ul-Ibad Khan who remembered him at the time of need. "There was a time when my admirers used to queue up outside
Published 18 Feb, 2005 12:00am
Musharraf stresses true projection of Islam

Musharraf stresses true projection of Islam

President General Pervez Musharraf stated on Thursday that Pakistan is an ideological country created in the name of Islam and it is therefore our duty to project Islam in its true perspective as a religion of tolerance, peace and knowledge. The President
Published 18 Feb, 2005 12:00am
'All resources will be utilised to stamp out polio'

'All resources will be utilised to stamp out polio'

The government would utilise all its resources and energies to materialise the dream of a polio free Pakistan, said District Nazim, Raja Tariq Mehboob Kiani here on Thursday. Addressing a high level meeting of the polio committee in the district health of
Published 18 Feb, 2005 12:00am
Punjab University's medical diploma exams

Punjab University's medical diploma exams

The Punjab University's medical diplomas annual examinations 2003 and 2004 would commence simultaneously with effect from March 15, 2005 for which admission forms with single fee of Rs 4500 would be received till March 2. According to the notification, th
Published 18 Feb, 2005 12:00am
Plan launched for revival of sick units in Punjab

Plan launched for revival of sick units in Punjab

Punjab government has initiated a detailed plan costing Rs 3 billion for revival of sick industrial units and for the promotion of Small and Medium Enterprises (SMEs) in various parts of the province. Well-informed sources told Business Recorder he
Published 18 Feb, 2005 12:00am
China appreciates progress in Pak-India dialogue

China appreciates progress in Pak-India dialogue

China on Thursday appreciated the progress in Pakistan-India dialogue and hoped it would lead to resolution of the Kashmir dispute. "We welcome the agreement regarding the start of bus service between Muzaffrabad and Srinagar," said by a spokesman of the
Published 18 Feb, 2005 12:00am
Food shortage feared in flood-hit areas of Gwadar

Food shortage feared in flood-hit areas of Gwadar

Flood-hit areas of Gwadar may face a shortage of food and other daily supplies if a damaged road link to the area is not repaired in the next couple of days, officials told IRIN, an information unit of United Nations. "At present, restoration of communica
Published 18 Feb, 2005 12:00am
Malaysia offers help in housing sector

Malaysia offers help in housing sector

Federal Minister for Housing and Works Syed Safwanullah has said that Pakistan wants to benefit from Malaysia in the development of housing sector. He expressed these views while talking to a delegation headed by Malaysian Housing Minister Dato Seri Samy
Published 18 Feb, 2005 12:00am
Hubco's six-month profit up by 3.5 percent

Hubco's six-month profit up by 3.5 percent

The Hub Power Co Ltd (Hubco) posted a 3.5 percent increase in its first-half profit as a depreciation in the rupee supported its dollar-based earnings, a press release issued here on Thursday said. Hubco, which is 16.6 percent owned by Britain's Internati
Published 18 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
Hubco's six-month profit up by 3.5 percent

Hubco's six-month profit up by 3.5 percent

The Hub Power Co Ltd (Hubco) posted a 3.5 percent increase in its first-half profit as a depreciation in the rupee supported its dollar-based earnings, a press release issued here on Thursday said. Hubco, which is 16.6 percent owned by Britain's Internati
Published 18 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
SECP chief proposes to declare 2005 as year of insurance sector

SECP chief proposes to declare 2005 as year of insurance sector

The Chairman Securities and Exchange Commission of Pakistan (SECP), Dr Tariq Hassan has proposed to declare 2005 as the year of development of insurance sector in Pakistan. He made the proposal in meetings held with the Pakistan Insurance Institute (PII),
Published 18 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (February 17, 2005).

Published 18 Feb, 2005 12:00am
SECP issues show-cause notices to 15 listed firms

SECP issues show-cause notices to 15 listed firms

The Securities and Exchange Commission of Pakistan (SECP) has maintained strict vigilance of the listed companies and issued show-cause notices to 15 listed companies for violating various provisions of law in January 2005. These notices were issued to th
Published 18 Feb, 2005 12:00am
'No data, details available on corporate fraud in country'

'No data, details available on corporate fraud in country'

Pakistan has no organisation or any agency to provide data or details about the corporate fraud in the country but frauds can be prevented through good internal control system. This was stated by Asad Ali Shah, who gave a detail presentation in a seminar
Published 18 Feb, 2005 12:00am
Khyber Bank's 2004 profit falls by Rs 50 million

Khyber Bank's 2004 profit falls by Rs 50 million

The decline in interest rate and new prudential regulations to decrease investment in capital market have brought negative impact on the capital gains of the Bank of Khyber (BoK) during calendar year 2004, sources in the bank told Business Recorder </i
Published 18 Feb, 2005 12:00am
Khyber Bank's 2004 profit falls by Rs 50 million

Khyber Bank's 2004 profit falls by Rs 50 million

The decline in interest rate and new prudential regulations to decrease investment in capital market have brought negative impact on the capital gains of the Bank of Khyber (BoK) during calendar year 2004, sources in the bank told Business Recorder </i
Published 18 Feb, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 2 bps to 98.88.
Published 18 Feb, 2005 12:00am
SAI for steps to avert transport strike

SAI for steps to avert transport strike

Sindh Secretary Transport, Captain Nasar Hayat (Retd) has said that the government was in touch with the Unions of Goods Transporters and Public Transporters Association and would have a meeting shortly to discuss their problems. Dr Mirza Ikhtiar Baig, Ch
Published 18 Feb, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 2 bps to 98.88.
Published 18 Feb, 2005 12:00am
Custom desk at Karachi Airport

Custom desk at Karachi Airport

In order to facilitate the passenger and to enable easy access to customs, the Central Board of Revenue (CBR) has established a custom facilitation desk at Room No 3020 and 3021 at level three of the Jinnah International Airport, says a press release issu
Published 18 Feb, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 2 bps to 98.88.
Published 18 Feb, 2005 12:00am
51,200 tonnes Australian wheat being unloaded at Port Qasim

51,200 tonnes Australian wheat being unloaded at Port Qasim

A bulk carrier m.v. 'Ellivitia', carrying 51,200 metric tonnes of Australian wheat started discharging the food grain at Port Qasim here on Thursday. Chairman Trading Corporation of Pakistan (TCP) Syed Masood Alam Rizvi said that this is the first of five
Published 18 Feb, 2005 12:00am
'Scrips being phased out from COT market on weekly basis'

'Scrips being phased out from COT market on weekly basis'

As per the Securities and Exchange Commission of Pakistan (SECP) time-bound action plan for phasing out of carryover (badla) transactions (COT), announced in September 2004 and started from October 8, 2004, scrips are being phased out from the COT market,
Published 18 Feb, 2005 12:00am
Picic Bank earns Rs 900 million post-tax profit

Picic Bank earns Rs 900 million post-tax profit

The board of directors of Picic Commercial Bank Limited in its meeting at Karachi on Thursday has recommended to the shareholders' approval of the annual audited accounts for the year ended December 31, 2004. During the year, the bank continued to maintai
Published 18 Feb, 2005 12:00am
Picic Bank earns Rs 900 million post-tax profit

Picic Bank earns Rs 900 million post-tax profit

The board of directors of Picic Commercial Bank Limited in its meeting at Karachi on Thursday has recommended to the shareholders' approval of the annual audited accounts for the year ended December 31, 2004. During the year, the bank continued to maintai
Published 18 Feb, 2005 12:00am
UBL invites US-based group to open hotels

UBL invites US-based group to open hotels

The Hersha Group, which operates a hotel chain comprising 33 hotels on US East Coast providing premium limited services, was here this week to evaluate entering into Pakistan's hospitality sector. During their visit, they met prominent public and private
Published 18 Feb, 2005 12:00am
Pak-Libya registers 77 percent net profit rise in 2004

Pak-Libya registers 77 percent net profit rise in 2004

Pak Libya registered a significant rise of 77 percent in the net profit and growth of 33 percent in the asset size of the company in 2004 as compared to preceding year. The 74th board of directors' meeting of the company was held last week to approve annu
Published 18 Feb, 2005 12:00am
Pak-Libya registers 77 percent net profit rise in 2004

Pak-Libya registers 77 percent net profit rise in 2004

Pak Libya registered a significant rise of 77 percent in the net profit and growth of 33 percent in the asset size of the company in 2004 as compared to preceding year. The 74th board of directors' meeting of the company was held last week to approve annu
Published 18 Feb, 2005 12:00am
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