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Print - 2005-03-13
Reforms put Pakistan on high economic growth path: Prime Minister

Reforms put Pakistan on high economic growth path: Prime Minister

Prime Minister Shaukat Aziz on Saturday said the wide-ranging structural reforms, prudent economic measures, strict financial discipline and continuity of policies had brought macro-economic stability, providing a solid base for the country's rapid econom
Published 13 Mar, 2005 12:00am
PIBs auction on March 26

PIBs auction on March 26

The State Bank on Saturday announced auction for the sale of Pakistan Investment Bonds but set a very low target. The State Bank said that tenders for sale of PIBs for 3, 5, and 10 years would be invited from the Primary Dealers on March 26. The coupon ra
Published 13 Mar, 2005 12:00am
PIBs auction on March 26

PIBs auction on March 26

The State Bank on Saturday announced auction for the sale of Pakistan Investment Bonds but set a very low target. The State Bank said that tenders for sale of PIBs for 3, 5, and 10 years would be invited from the Primary Dealers on March 26. The coupon ra
Published 13 Mar, 2005 12:00am
PIBs auction on March 26

PIBs auction on March 26

The State Bank on Saturday announced auction for the sale of Pakistan Investment Bonds but set a very low target. The State Bank said that tenders for sale of PIBs for 3, 5, and 10 years would be invited from the Primary Dealers on March 26. The coupon ra
Published 13 Mar, 2005 12:00am
Petition against helmet dismissed

Petition against helmet dismissed

The Chief Justice of the Lahore High Court (LHC) Justice Iftikhar Hussain Chaudhry, while dismissing the petition filed by M.D. Tahir advocate against compulsory wearing of helmet, has observed that violation of traffic laws must be checked by the police.
Published 13 Mar, 2005 12:00am
Cotton prices on the rise

Cotton prices on the rise

Cotton prices in the world market has suddenly jumped by 2 to 3 cents per pound which heated the prices in the local market adding at least Rs 200 per maund in a week. The traders say that the American cotton suddenly started moving upwards, as the demand
Published 13 Mar, 2005 12:00am
Cotton prices on the rise

Cotton prices on the rise

Cotton prices in the world market has suddenly jumped by 2 to 3 cents per pound which heated the prices in the local market adding at least Rs 200 per maund in a week. The traders say that the American cotton suddenly started moving upwards, as the demand
Published 13 Mar, 2005 12:00am
German company tax reform possible in 2007: Eichel

German company tax reform possible in 2007: Eichel

German Finance Minister Hans Eichel is working as quickly as possible on a more competitive system of corporate tax but reforms could not take effect before 2007, he was quoted as saying on Saturday. Calls for urgent reforms to Germany's corporate tax sys
Published 13 Mar, 2005 12:00am
Businesses demand EU action to boost growth

Businesses demand EU action to boost growth

A leading business group urged European Union leaders on Friday to liberalise economic rules and increase research spending to boost growth in the bloc and prevent it from falling further behind the United States. To drive its point home, the Eurochambres
Published 13 Mar, 2005 12:00am
Balkan pipeline plan to get state approval in April

Balkan pipeline plan to get state approval in April

The governments of Bulgaria, Greece and Russia will next month sign a memorandum on a Balkan pipeline, enabling oil firms to side-step bottlenecks and boost Russian oil exports, a Greek official said on Friday. Greek Deputy Development Minister George Sal
Published 13 Mar, 2005 12:00am
Norway sees will for Sri Lankan tsunami aid deal

Norway sees will for Sri Lankan tsunami aid deal

Norway's foreign minister said on Saturday that the Sri Lankan government and rebel Tamil Tigers had shown willingness to agree on tsunami aid for the island, which he said could be a boost for the stalled peace process. Foreign Minister Jan Petersen's re
Published 13 Mar, 2005 12:00am
Swedish raid on ISP called major blow to piracy

Swedish raid on ISP called major blow to piracy

The US film industry on Friday hailed a raid by Swedish police against an Internet service provider as a major blow to European piracy of movies and music on the Web. The raid was carried out on Thursday at the Stockholm offices of Bahnhof, Sweden's oldes
Published 13 Mar, 2005 12:00am
Mercedes shakes up team to boost margin

Mercedes shakes up team to boost margin

Daimler Chrysler's premium Mercedes-Benz flagship has stirred up its sales team in a bid to boost its sagging profit margin, German weekly magazine Der Spiegel reported. In a report to be published on Monday, Der Spiegel said Mercedes sales and marketing
Published 13 Mar, 2005 12:00am
Defiant Nepal former Prime Minister vows to battle king on the streets

Defiant Nepal former Prime Minister vows to battle king on the streets

Freed from more than a month of detention, Nepal's twice sacked prime minister Sher Bahadur Deuba threatened Saturday to take his supporters on to the streets in a bid to force King Gyanendra to reverse his power grab. "The king should hold dialogue with
Published 13 Mar, 2005 12:00am
Central African Republic prepares to vote for new president

Central African Republic prepares to vote for new president

Voters in the Central African Republic prepared Saturday to vote in the first round of presidential and parliamentary polls deigned to restore legitimacy to the government two years after a military coup. Outgoing president Francois Bozize, an army genera
Published 13 Mar, 2005 12:00am
Rice won't pressurise Musharraf to doff uniform

Rice won't pressurise Musharraf to doff uniform

US Secretary of State Condoleezza Rice suggested on Friday she would not pressurise Pakistan's leader to give up his army post on a visit next week as Washington balanced its push to spread democracy with its need to support anti-terrorism allies. Asked t
Published 13 Mar, 2005 12:00am
Rice won't pressurise Musharraf to doff uniform

Rice won't pressurise Musharraf to doff uniform

US Secretary of State Condoleezza Rice suggested on Friday she would not pressurise Pakistan's leader to give up his army post on a visit next week as Washington balanced its push to spread democracy with its need to support anti-terrorism allies. Asked t
Published 13 Mar, 2005 12:00am
Eight parties for PTCL and 11 for NRL pre-qualified

Eight parties for PTCL and 11 for NRL pre-qualified

The Board of the Privatisation Commission on Saturday approved pre-qualification of eight parties for Pakistan Telecommunication Company Limited (PTCL), and 11 parties for National Refinery Limited (NRL) sell-off. The board met here with Privatisation Min
Published 13 Mar, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Eight parties for PTCL and 11 for NRL pre-qualified

Eight parties for PTCL and 11 for NRL pre-qualified

The Board of the Privatisation Commission on Saturday approved pre-qualification of eight parties for Pakistan Telecommunication Company Limited (PTCL), and 11 parties for National Refinery Limited (NRL) sell-off. The board met here with Privatisation Min
Published 13 Mar, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Eight parties for PTCL and 11 for NRL pre-qualified

Eight parties for PTCL and 11 for NRL pre-qualified

The Board of the Privatisation Commission on Saturday approved pre-qualification of eight parties for Pakistan Telecommunication Company Limited (PTCL), and 11 parties for National Refinery Limited (NRL) sell-off. The board met here with Privatisation Min
Published 13 Mar, 2005 12:00am
The Weather

The Weather

The weather report on Saturday (March 12) and the forecast for Sunday (March 13, 2005).
Published 13 Mar, 2005 12:00am
President accepts NWFP governor's resignation

President accepts NWFP governor's resignation

President Pervez Musharraf has accepted the resignation of NWFP Governor Iftikhar Hussain Shah who resigned " due to personal reasons". The President has appointed Khalil-ur-Rehman as the new governor of NWFP. While accepting the resignation, the Presiden
Published 13 Mar, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
President accepts NWFP governor's resignation

President accepts NWFP governor's resignation

President Pervez Musharraf has accepted the resignation of NWFP Governor Iftikhar Hussain Shah who resigned " due to personal reasons". The President has appointed Khalil-ur-Rehman as the new governor of NWFP. While accepting the resignation, the Presiden
Published 13 Mar, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (March 12) and for Sunday (March 13, 2005).
Published 13 Mar, 2005 12:00am
AEDB to have six private sector members

AEDB to have six private sector members

Prime Minister Shaukat Aziz has directed the Cabinet Division to include six members from private sector in the newly constituted Alternative Energy Development Board (AEDB) for better planning, it is learnt. The Prime Minister had given these directions
Published 13 Mar, 2005 12:00am
AEDB to have six private sector members

AEDB to have six private sector members

Prime Minister Shaukat Aziz has directed the Cabinet Division to include six members from private sector in the newly constituted Alternative Energy Development Board (AEDB) for better planning, it is learnt. The Prime Minister had given these directions
Published 13 Mar, 2005 12:00am
AEDB to have six private sector members

AEDB to have six private sector members

Prime Minister Shaukat Aziz has directed the Cabinet Division to include six members from private sector in the newly constituted Alternative Energy Development Board (AEDB) for better planning, it is learnt. The Prime Minister had given these directions
Published 13 Mar, 2005 12:00am
Smooth transfer of KESC management to buyer ensured

Smooth transfer of KESC management to buyer ensured

Water and Power Minister Liaquat Ali Jatoi has said that the government will ensure smooth transfer of management of Karachi Electric Supply Corporation (KESC) to its buyer. He was talking to newsmen at the camp office here on Saturday. "We will ensure sm
Published 13 Mar, 2005 12:00am
Smooth transfer of KESC management to buyer ensured

Smooth transfer of KESC management to buyer ensured

Water and Power Minister Liaquat Ali Jatoi has said that the government will ensure smooth transfer of management of Karachi Electric Supply Corporation (KESC) to its buyer. He was talking to newsmen at the camp office here on Saturday. "We will ensure sm
Published 13 Mar, 2005 12:00am
Musharraf for ''ruthless Jihad'' against extremism

Musharraf for ''ruthless Jihad'' against extremism

President Pervez Musharraf has called for "ruthless Jihad" against extremism and fanaticism, urging the people to work for elimination of illiteracy and poverty. "Islam", he said, "does not stand for either attitudes in faith and is a religion of peace an
Published 13 Mar, 2005 12:00am
Musharraf for 'ruthless Jihad' against extremism

Musharraf for 'ruthless Jihad' against extremism

President Pervez Musharraf has called for "ruthless Jihad" against extremism and fanaticism, urging the people to work for elimination of illiteracy and poverty. "Islam", he said, "does not stand for either attitudes in faith and is a religion of peace an
Published 13 Mar, 2005 12:00am
Musharraf for 'ruthless Jihad' against extremism

Musharraf for 'ruthless Jihad' against extremism

President Pervez Musharraf has called for "ruthless Jihad" against extremism and fanaticism, urging the people to work for elimination of illiteracy and poverty. "Islam", he said, "does not stand for either attitudes in faith and is a religion of peace an
Published 13 Mar, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Ministry asked to put Faisal's name on ECL

Ministry asked to put Faisal's name on ECL

An accountability court on Saturday directed the Interior Ministry to put the name of federal minister Syed Faisal Saleh Hayat on Exit Control List. The court also directed to put the name of the co-accused in the reference against Faisal Saleh Hayat in t
Published 13 Mar, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Ministry asked to put Faisal's name on ECL

Ministry asked to put Faisal's name on ECL

An accountability court on Saturday directed the Interior Ministry to put the name of federal minister Syed Faisal Saleh Hayat on Exit Control List. The court also directed to put the name of the co-accused in the reference against Faisal Saleh Hayat in t
Published 13 Mar, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
National Foods 'Mascots Masti' today

National Foods 'Mascots Masti' today

National Foods Limited is holding a 'Mascots Masti' function here on Sunday (March 13) in connection with re-launching of its products jams & jelly, as part of the series of events planned in all major cities of the country. The event specially offers a c
Published 13 Mar, 2005 12:00am
25 feared dead in Gujarat bus accident

25 feared dead in Gujarat bus accident

At least 25 people were feared drowned on Saturday after a bus fell into a canal in the western Indian state of Gujarat, police said. A senior police official said the bus plunged into the canal in Kheda district when the driver lost control. "Nearly 25 p
Published 13 Mar, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Prime Minister meets Talal and Mahathir

Prime Minister meets Talal and Mahathir

Prime Minister Shaukat Aziz on Saturday met Prince Hassan bin Talal of Jordan, former Malaysian premier Dr Mahathir Mohammed and South African leader Ahmed Kathdara, and discussed ways to dispel misperception about Islam and promote inter-faith harmony. T
Published 13 Mar, 2005 12:00am
Eight detained at Meerwala

Eight detained at Meerwala

Muzaffargarh police on Saturday detained eight people as a preventive measure to avoid threat to the life of rape victim Mukhtaran Mai and her family at Meerwala village of Tehsil Jatoi, district Muzaffargarh. The persons including Muhammad Aslam, Khalil
Published 13 Mar, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Test trading session finds LSE and ISE ready for merger

Test trading session finds LSE and ISE ready for merger

Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) have jointly conducted a successful mock-trading session here on Saturday. The information technology (IT) experts of the exchanges said the operational capacity and system topology were measu
Published 13 Mar, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Test trading session finds LSE and ISE ready for merger

Test trading session finds LSE and ISE ready for merger

Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) have jointly conducted a successful mock-trading session here on Saturday. The information technology (IT) experts of the exchanges said the operational capacity and system topology were measu
Published 13 Mar, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Test trading session finds LSE and ISE ready for merger

Test trading session finds LSE and ISE ready for merger

Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) have jointly conducted a successful mock-trading session here on Saturday. The information technology (IT) experts of the exchanges said the operational capacity and system topology were measu
Published 13 Mar, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Manmohan to flag off first bus to Muzaffarabad

Manmohan to flag off first bus to Muzaffarabad

Indian Prime Minister Manmohan Singh will personally flag off the first bus to travel between Srinagar and Muzaffarabad in almost six decades when the service resumes next month. This will be Manmohan Singh's third visit to occupied Kashmir since he assum
Published 13 Mar, 2005 12:00am
Manmohan to flag off first bus to Muzaffarabad

Manmohan to flag off first bus to Muzaffarabad

Indian Prime Minister Manmohan Singh will personally flag off the first bus to travel between Srinagar and Muzaffarabad in almost six decades when the service resumes next month. This will be Manmohan Singh's third visit to occupied Kashmir since he assum
Published 13 Mar, 2005 12:00am
THE RUPEE: firm trend in interbank

THE RUPEE: firm trend in interbank

Firmer trend was again witnessed in the inter-bank market on Saturday as rupee-dollar parity rates maintained the overnight levels for buying and selling at 59.35 and 59.37, marketmen said. Easy supply of dollars helped the rupee to sustain its levels and
Published 13 Mar, 2005 12:00am
THE RUPEE: firm trend in interbank

THE RUPEE: firm trend in interbank

Firmer trend was again witnessed in the inter-bank market on Saturday as rupee-dollar parity rates maintained the overnight levels for buying and selling at 59.35 and 59.37, marketmen said. Easy supply of dollars helped the rupee to sustain its levels and
Published 13 Mar, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assu- rance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 14, 2005:
Published 13 Mar, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assu- rance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 14, 2005:
Published 13 Mar, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assu- rance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 14, 2005:
Published 13 Mar, 2005 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on March 05, 2005.

Published 13 Mar, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on March 05, 2005.

Published 13 Mar, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 12, 2005).
Published 13 Mar, 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 Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (March 12, 2005).

Published 13 Mar, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 13 Mar, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 13 Mar, 2005 12:00am
Civil society's role to promote peace with India welcomed

Civil society's role to promote peace with India welcomed

Pakistan welcomes the role of civil society in developing and promoting peaceful relations with India, Prime Minister Shaukat Aziz said here on Saturday. Talking to a delegation of Pakistan Peace Coalition here, the Prime Minister however stated that Paki
Published 13 Mar, 2005 12:00am
Smeda to set up marble processing and training centre

Smeda to set up marble processing and training centre

Small and Medium Enterprise Development Authority (Smeda) will set up a marble processing and training facility centre at Rawalpindi in collaboration with Export Promotion Bureau to help marble processing and polishing units in the northern Punjab to work
Published 13 Mar, 2005 12:00am
Government focusing on promoting alternate energy sources

Government focusing on promoting alternate energy sources

Sindh Governor Dr Ishratul Ibad Khan has said that attainment and promotion of alternate energy sources were among the top priorities of government and added that low cost projects available in this regard were being thoroughly examined. Talking to a Japa
Published 13 Mar, 2005 12:00am
Chinese business delegation due on March 14

Chinese business delegation due on March 14

A Chinese business delegation will reach Islamabad on Monday to explore new opportunities for strengthening economic partnership. The delegation, led by Chen Jinhua, President China Enterprise Confederation comprises representatives of Chinese prominent b
Published 13 Mar, 2005 12:00am
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