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Print - 2005-03-10
Reducing systemic risk

Reducing systemic risk

The Securities and Exchange Commission of Pakistan issued directives to the management of bourses, at the end of last week, to undertake further measures in order to strengthen the risk management regime. Normally, SECP directives to bourses are publicise
Published 10 Mar, 2005 12:00am
NCA Block opens

NCA Block opens

Secretary General Norwegian Church Aid, Atle Sommerfeldt inaugurated "NCA Block" here at Dar-ul-Mussarat to facilitate the mentally challenged children. The Ambassador of Norway Janis Bjorn Kanavin, his wife Marianne Kanavin, deputy head of mission of Roy
Published 10 Mar, 2005 12:00am
LSE approves delisting of TFCs of packages

LSE approves delisting of TFCs of packages

The Lahore Stock Exchange (LSE) has approved the delisting of Term Finance Certificates (TFCs) of Packages Limited in light of its exercise of call option on November 4, 2004 to fully redeem all outstanding TFCs. The TFCs of Packages Ltd, of total issue s
Published 10 Mar, 2005 12:00am
Decision on foreign loan welcomed

Decision on foreign loan welcomed

Pakistan Industrial and Traders Associations Front (Piaf) has welcomed the announcement regarding getting permission from the parliament prior to taking any foreign loan. After enactment of proposed law, no government would be able to hide obtaining and s
Published 10 Mar, 2005 12:00am
PKRC asks government to waive water charges

PKRC asks government to waive water charges

Pakistan Kissan Rabita Committee (PKRC) has demanded of the government to waive water charges in non-cultivated areas of the country. While addressing a press conference here on Wednesday, representatives of a number of labour as well as growers organisat
Published 10 Mar, 2005 12:00am
Diplomatic missions asked to help improve trade ties

Diplomatic missions asked to help improve trade ties

Lahore Chamber of Commerce and Industry (LCCI) President Mian Misbahur Rehman has said that the diplomatic missions have much role to play in enhancing trade and investment ties, as they not only eliminate misconceptions about their country, but also open
Published 10 Mar, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (March 09) and the forecast for Thursday (March 10, 2005).
Published 10 Mar, 2005 12:00am
Aero Asia to operate 767 aircraft on Lahore-Gulf route

Aero Asia to operate 767 aircraft on Lahore-Gulf route

Aero Asia has announced to commence operation with it's newly acquired 767 wide-bodied aircraft on Lahore-Gulf route from 23rd of this month. This aircraft will have 260 economy class seats while 18 for business class passengers, with all standard enterta
Published 10 Mar, 2005 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Mar, 2005 12:00am
Sub inspector dismissed on fake academic certificate

Sub inspector dismissed on fake academic certificate

Federal Investigation Agency (FIA) has dismissed its Sub Inspector Noor Muhammad who had got job on fake academic certificate in 1978 and he was serving in the department till Wednesday. The department sent the degrees and SSC certificates of all the empl
Published 10 Mar, 2005 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Mar, 2005 12:00am
NGOs urged to check population growth

NGOs urged to check population growth

Punjab Population Welfare Minister Nasim Lodhi said non-governmental organisations (NGOs) should supplement the efforts of the government aimed at controlling rapid population growth so that better health facilities could be made available to the citizens
Published 10 Mar, 2005 12:00am
Key stock market movements at 1800 GMT on March 09

Key stock market movements at 1800 GMT on March 09

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 10 Mar, 2005 12:00am
Rally against ban on two-stroke rickshaws planned

Rally against ban on two-stroke rickshaws planned

All Punjab Rickshaw Taxi Unions Federation announced to hold a rally from Lytton Road to Governor's House on March 31 in protest against the ban imposed on two-stroke rickshaws in the Punjab province. Chairman of the Federation Muhammad Javed Sabir and Ch
Published 10 Mar, 2005 12:00am
Punjab prepares new leasing policy for state lands

Punjab prepares new leasing policy for state lands

The Punjab Government is chalking out a new leasing policy for leasing out the state lands to the general public and as such further extension to the lease of 1,15,762 acres of land has not been granted. The government is also taking proactive steps to re
Published 10 Mar, 2005 12:00am
MBBS Part-II exam results announced

MBBS Part-II exam results announced

The University of Health Sciences (UHS) Lahore has announced the results of first professional MBBS Part-II Annual Examination 2004 held in December 2004, showing pass percentage of 68.06. According to a notification, as many as 1380 students of Allama Iq
Published 10 Mar, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Railways general manager visits Mayo Hospital

Railways general manager visits Mayo Hospital

General Manager Railways, Abdul Wahab Awan, on Wednesday Mayo Hospital to enquire about the health of those injured in train mishap at Kot Molchand. Speaking on the occasion, Wahab Awan also distributed cheques of financial assistance amongst the injured
Published 10 Mar, 2005 12:00am
Taiwanese computer firm to hold road shows in Pakistan

Taiwanese computer firm to hold road shows in Pakistan

A Taipei-based computer company Asustek, will hold road shows in Pakistan to create awareness about the latest developments in the information technology sector. In a statement issued here on Wednesday, Country Manager of Asus in Pakistan, Badar Khushnood
Published 10 Mar, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Women role termed vital for uplift

Women role termed vital for uplift

The Governor of Punjab Lieutenant General Khalid Maqbool (Retd) addressing Fatima Jinnah Medal ceremony on the occasion of World Women's Day at Governor's House here on Tuesday said the present government wanted 50 per cent of women population in the coun
Published 10 Mar, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (March 09) and for Thursday (March 10, 2005).
Published 10 Mar, 2005 12:00am
Bid to disrupt power supply foiled

Bid to disrupt power supply foiled

Some unidentified terrorists tried to disrupt power supply to Karachi and other areas by damaging the electric tower of 500 KV transmission line. However, people of the area raised alarm and called the Police. "We foiled bid to damage the electric tower o
Published 10 Mar, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, March 10, 2005.

Published 10 Mar, 2005 12:00am
Fisheries department to extend aquaculture network

Fisheries department to extend aquaculture network

Punjab Fisheries Department during the current fiscal year, will add 1900 hectares of more land from private sector to the existing 6600 hectares of land under aqua-culture network in the province. Director General Fisheries Punjab Dr Mohammnad Ayub told
Published 10 Mar, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, March 10, 2005.

Published 10 Mar, 2005 12:00am
CBR chief's approach towards sugar mills problems lauded

CBR chief's approach towards sugar mills problems lauded

Pakistan Sugar Mills Association (PSMA) has appreciated friendly approach of the Chairman CBR towards the problems being faced by the sugar industry on taxation. In a press statement, Chairman Pakistan Sugar Mills Association (PSMA) Chaudhry Zaka Ashraf h
Published 10 Mar, 2005 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, March 10, 2005.

Published 10 Mar, 2005 12:00am
Condolence

Condolence

Punjab Chief Minister, Chaudhry Pervaiz Elahi in a message received from London has expressed his deep sense of grief and sorrow over the sudden death of Khalil Ur-Rehman, a son of Deputy Chairman Senate, Commander Khalil ur Rehman (Retd). In his condolen
Published 10 Mar, 2005 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Food department to procure 0.96 million tonnes wheat

Food department to procure 0.96 million tonnes wheat

Food Department Multan will procure 9,60,000 tonnes of wheat from six districts of the former Multan division this year, said deputy director Chaudhry Liaquat Ali here on Wednesday. He told APP that last year's target of 1.1 million tonnes could not be ac
Published 10 Mar, 2005 12:00am
'America pressing Musharraf for reconciliation with major parties'

'America pressing Musharraf for reconciliation with major parties'

Any party which intends to strike a deal with 'de facto' President General Pervez Musharraf, without getting assurances for stopping military interference in governmental affairs, holding of fresh elections in free, fair and impartial manner and restorati
Published 10 Mar, 2005 12:00am
Punjab University course certificates distributed

Punjab University course certificates distributed

Punjab University vice-chancellor Arshad Mahmood distributed certificates among participants of a short course in 'Communication Skills Development' at the Faculty of Engineering and Technology, here on Wednesday. Speaking on the occasion, Arshad said pro
Published 10 Mar, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Habib Bank appoints Zahida Butt as senior manager

Habib Bank appoints Zahida Butt as senior manager

The management of Habib Bank Limited has appointed Assistant Vice President (AVP) Zahida Butt as Senior Manager at HBL New Muslim Town branch in place of Chaudhry Muhammad Saleem, which transferred to Johar Town Branch. Prior to her posting, she served as
Published 10 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Piaf unhappy over widening trade deficit

Piaf unhappy over widening trade deficit

Pakistan Industrial and Traders Associations Front (Piaf) Vice-Chairman, Mubashar Sheikh, while expressing his concern over the increasing trade deficit, has urged the government to discourage unnecessary imports and take immediate steps to improve volume
Published 10 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Tobacco growers advised

Tobacco growers advised

The tobacco plantation usually starts in the first week of March and continues till the end of March in NWFP, said a press release issued here by the Pakistan Tobacco Board. It said this year due to incessant rains, cold and cloudy weather, the growth of
Published 10 Mar, 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 Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
IIU convocation to honour Mandela and Mahathir

IIU convocation to honour Mandela and Mahathir

The convocation of the International Islamic University, coinciding with its Silver Jubilee, will honour with degrees of Law on three international personalities: two for their services to the cause of Muslim world and the third for his role in support of
Published 10 Mar, 2005 12:00am
Mustafa Kamal appointed envoy to Russia

Mustafa Kamal appointed envoy to Russia

Pakistan on Wednesday announced appointment of Mustafa Kamal Kazi as Ambassador of Pakistan to the Russian Federation. Mustafa Kamal Kazi served as Ambassador of Pakistan to the Republic of Iraq from 1992-96, Indonesia from 1996-97. He joined the Foreign
Published 10 Mar, 2005 12:00am
Call to create awareness about education in remote areas

Call to create awareness about education in remote areas

State Minister for Education Ghulam Bibi Bharwana has said that all governmental and non-governmental organisations (NGOs) should go to the far-flung areas of the country and create awareness about the education and other social issues. She told this to t
Published 10 Mar, 2005 12:00am
THE RUPEE: euro stronger

THE RUPEE: euro stronger

The euro on Wednesday again showed its muscles by gaining fresh ground versus the rupee on the back of dollar's weakness in the international markets, dealers said. In the morning session, the single European currency breached psychological mark of Rs 79.
Published 10 Mar, 2005 12:00am
ECO member states experts meeting from March 14

ECO member states experts meeting from March 14

Experts from 10 member countries of the ECO will meet in Islamabad from March 14 to 17 to formulate regional strategy on industrial corporation. The four-day meeting has been organised by the Experts Advisory Cell (EAC) of the Industries, Production and S
Published 10 Mar, 2005 12:00am
THE RUPEE: euro stronger

THE RUPEE: euro stronger

The euro on Wednesday again showed its muscles by gaining fresh ground versus the rupee on the back of dollar's weakness in the international markets, dealers said. In the morning session, the single European currency breached psychological mark of Rs 79.
Published 10 Mar, 2005 12:00am
Fortified flour in market by July

Fortified flour in market by July

The nutritional flour will be available in the market by July 2005 to make up for the deficiency in food intake, the main cause for anemia, low weight, low height, mal-nourishment and adverse affects on the metabolic processes. Ministry of Health and Nutr
Published 10 Mar, 2005 12:00am
Textile Composite: BLESSED TEXTILES LIMITED - Year Ended 30-09-2004

Textile Composite: BLESSED TEXTILES LIMITED - Year Ended 30-09-2004

This textile composite unit of Umer Group of Companies made record sales. But gross profit nose-dived. The output has by far exceeded the rated production capacity. The company has posted net profit after taxation at Rs 54.45 million as against Rs 76.07 m
Published 10 Mar, 2005 12:00am
Shujaat briefs Shaukat on Balochistan report

Shujaat briefs Shaukat on Balochistan report

Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain on Wednesday called on Prime Minister Shaukat Aziz and apprised him of the status of the Parliamentary Committee's report on Balochistan. They also discussed the organisational matters of the
Published 10 Mar, 2005 12:00am
Textile Composite: BLESSED TEXTILES LIMITED - Year Ended 30-09-2004

Textile Composite: BLESSED TEXTILES LIMITED - Year Ended 30-09-2004

This textile composite unit of Umer Group of Companies made record sales. But gross profit nose-dived. The output has by far exceeded the rated production capacity. The company has posted net profit after taxation at Rs 54.45 million as against Rs 76.07 m
Published 10 Mar, 2005 12:00am
Telenor and Warid sign interconnect agreement

Telenor and Warid sign interconnect agreement

Telenor Pakistan and Warid Telecom signed an interconnect agreement here on Wednesday. Telenor Pakistan President and CEO Tore Johnsen warmly welcomed Warid Telecom CEO Hamid Farooq and chief guest Pakistan Telecommunication Authority (PTA) Chairman Major
Published 10 Mar, 2005 12:00am
All shares index report

All shares index report

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

Published 10 Mar, 2005 12:00am
Foreign universities send linkage plans to Gomal University

Foreign universities send linkage plans to Gomal University

Two Western Universities, Washington State University USA and University of Bradford UK have shown their interest in establishing linkage with the Gomal University D I Khan. A letter to NWFP Chief Secretary revealed this from the Gomal University D I Khan
Published 10 Mar, 2005 12:00am
Lithuanian students to visit FJWU

Lithuanian students to visit FJWU

A group of students cultural delegation from the Kaunas University, Republic of Lithuania will visit Fatima Jinnah Women University (FJWU) on Thursday. During their visit the students will have a dialogue with the students of FJWU after which they will gi
Published 10 Mar, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (March 09, 2005).

Published 10 Mar, 2005 12:00am
Comsats Coordinating Council meeting on March 14

Comsats Coordinating Council meeting on March 14

The two-day eighth meeting of the Comsats Co-ordinating Council is being held on March 14, in Cairo, Egypt. The Comsats Co-ordinating Council comprises the heads or representatives of the 14 Comsats International Centres of Excellence that make up its net
Published 10 Mar, 2005 12:00am
Cross Transactions

Cross Transactions

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

Published 10 Mar, 2005 12:00am
Exemplary penalty demanded in women molestation cases

Exemplary penalty demanded in women molestation cases

The National Assembly standing committee on women development on Tuesday demanded of the government to ensure that 'exemplary punishments' should be awarded to accused involved in the molestation of women. The committee, which held a special meeting here
Published 10 Mar, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Mar, 2005 12:00am
Islamabad plot for five-star hotel sold for Rs 4.88 billion

Islamabad plot for five-star hotel sold for Rs 4.88 billion

The hitherto controversial plot of over 13.5 acres, reserved for a five-star hotel near Jinnah Convention Centre, was sold on Wednesday for Rs 4.88 billion, which is equivalent to annual budget of Capital Development Authority. Seven companies were in the
Published 10 Mar, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Mar, 2005 12:00am
Nadra official visits Lakki Marwat

Nadra official visits Lakki Marwat

In response to an offer for free provision of land for Nadra offices, Peshawar Nadra Administration Deputy Director Major Sikandar Hayat Zafar visited Lakki Marwat. He called on District Nazim Humayun Saifullah Khan and thanked him for his offer to provid
Published 10 Mar, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 10 Mar, 2005 12:00am
Shaukat suicide attack case adjourned for March 14

Shaukat suicide attack case adjourned for March 14

The Anti-Terrorist Court has sent to Adiala Jail on judicial remand the suspects of suicide attack on Prime Minister Shaukat Aziz, and sought advice of provincial home ministry on application by SP Attock for trial in jail. The Anti-Terrorist Court Judge
Published 10 Mar, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

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

Published 10 Mar, 2005 12:00am
Prime Minister asks legislators to improve quality of common man's life

Prime Minister asks legislators to improve quality of common man's life

Prime Minister Shaukat Aziz on Wednesday asked the parliamentarians to focus on development schemes aimed at improving the quality of life of common man. "The stress should be on provision of basic facilities, quality of work and to bring about a meaningf
Published 10 Mar, 2005 12:00am
'Training to bring change in bureaucracy culture'

'Training to bring change in bureaucracy culture'

Professional training will bring positive change in the attitude of government servants and the culture of bureaucracy, said Punjab Minister for Management and Professional Development Department Hassan Akhtar Mokal. Addressing the concluding session of t
Published 10 Mar, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Mar, 2005 12:00am
Minister directs leprosy awareness drive

Minister directs leprosy awareness drive

Punjab Health Department with the co-operation of WHO and other international donor institutions will launch an effective campaign for the eradication of leprosy from the province, said Punjab Heath Minister Dr Tahir Javed. Addressing a meeting here on We
Published 10 Mar, 2005 12:00am
Multan Bar polls on March 26

Multan Bar polls on March 26

High Court Bar Association Multan has announced the schedule for the election for 2005-06. Election will be held on March 26. Briefing the journalists here on Wednesday, Election Board Chairman Moulvi Sultan Alam Ansari said, "The nomination papers would
Published 10 Mar, 2005 12:00am
PKC for end to feudal system

PKC for end to feudal system

The Pakistan Kissan Committee (PKC) has urged the government for immediate implementation of agricultural land reforms, by allowing 25-acres land limit to each family and distribution of 100-kanal agriculture lands among tenants and land-less farmers to e
Published 10 Mar, 2005 12:00am
Swedish team meets PPPP leaders

Swedish team meets PPPP leaders

A four-member Social Democratic Party delegation of Sweden held a meeting with the leaders of Pakistan Peoples Party Parliamentarian (PPPP) Women's Wing here on Wednesday. Sajida Mir, Farkhanda Malik, Shamim Niazi and other activists of the Party were pre
Published 10 Mar, 2005 12:00am
Research and Productivity Award

Research and Productivity Award

Pakistan Council of Science and Technology has conferred Dr Nasim Ahmed of University of Veterinary and Animal Sciences with 'Research and Productivity Award'. The award has been given on competition basis for quality research publications, which were int
Published 10 Mar, 2005 12:00am
Cable operators warned against airing obscene programmes

Cable operators warned against airing obscene programmes

Cable operators in Faisalabad have been warned to desist from exhibiting obscene and objectionable programmes failing which strict action would be taken against them. The warning was issued by District Co-ordination Officer (DCO) Athar Hussain Khan Sial w
Published 10 Mar, 2005 12:00am
Five drug-pushers held with 42kg hashish

Five drug-pushers held with 42kg hashish

Pakistan Coast Guards (PCG) has arrested five drug-traffickers and recovered 42-kg of Hashish from their possession from three different passenger vehicles at Uthal check-post, Balochistan, said a PCG Headquarters press release issued here on Wednesday. T
Published 10 Mar, 2005 12:00am
No crisis in country, says Soomro

No crisis in country, says Soomro

Acting President and Chairman, Senate Muhammadmian Soomro has said that the national issues should be kept above personal liking and disliking. Talking to newsmen at Sukkur airport on Tuesday night, he asked those opposing the construction of new dams to
Published 10 Mar, 2005 12:00am
'Pemra Ordinance being amended to improve efficiency'

'Pemra Ordinance being amended to improve efficiency'

Chairman Pakistan Electronic Media Regulatory Authority (PEMRA), Iftikhar Rashid said that the Authority had a role of 'referee' and its laws were being amended to make the organisation more effective and strong. Presiding over the first-ever meeting of C
Published 10 Mar, 2005 12:00am
Pemra takes action against cable operators in interior Sindh

Pemra takes action against cable operators in interior Sindh

Pakistan Electronic Media Regulatory Authority Sindh Region has taken punitive action against a number of cable operators in interior Sindh for illegal operations and showing obscene/pornographic channels. The enforcement team imposed fine and seized faci
Published 10 Mar, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

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

Published 10 Mar, 2005 12:00am
People urged to spread message of Holy Quran

People urged to spread message of Holy Quran

The Speaker, National Assembly, Choudary Amir Hussain has underscored the need for spreading the message of Holy Quran in every nook and corner of the world enabling the mankind to overcome growing problems by following its teaching. Addressing an Interna
Published 10 Mar, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

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

Published 10 Mar, 2005 12:00am
Pakistan role in war on extremism, terrorism extolled: Musharraf

Pakistan role in war on extremism, terrorism extolled: Musharraf

President General Pervez Musharraf has said that Pakistan's war against religious extremism and terrorism is being appreciated by the world at large. Talking to newsmen on board his special plane on way back home after paying a four-day official visit to
Published 10 Mar, 2005 12:00am
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