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Print - 2005-03-17
Iran offers US share in nuclear programme

Iran offers US share in nuclear programme

Iran is prepared to offer the United States a half share in any future nuclear programme to demonstrate it is not pursuing atomic weapons, a senior Iranian official was quoted on Wednesday as saying. The Financial Times said it was unclear how far the rem
Published 17 Mar, 2005 12:00am
Iraq rebuilding major corruption risk

Iraq rebuilding major corruption risk

The reconstruction of Iraq risks turning into the world's biggest corruption scandal, Transparency International said on Wednesday in a report focused on a world-wide problem of bribery in the building industry. "If urgent steps are not taken, Iraq will n
Published 17 Mar, 2005 12:00am
Palestinians argue over truce and political relations

Palestinians argue over truce and political relations

Palestinians wrangled on Wednesday over the terms for extending a halt to attacks on Israel, with militants sticking to their position that a truce must go hand-in-hand with gestures by the Israelis. Israel pulled back from the West Bank town of Jericho,
Published 17 Mar, 2005 12:00am
Police tear gas protesters as Kenya assembly opens

Police tear gas protesters as Kenya assembly opens

Kenyan police fired water cannons and tear gas to disperse scores of protesters demanding President Mwai Kibaki back proposals to curb his powers after the opening of parliament on Wednesday. Many Kenyans want the government to hold a referendum to approv
Published 17 Mar, 2005 12:00am
Only global co-ordinated strategy can stem nuclear attacks: Elbaradei

Only global co-ordinated strategy can stem nuclear attacks: Elbaradei

UN nuclear watchdog chief Mohamed ElBaradei warned Wednesday that only co-ordinated international efforts could offer the world protection from the "horrifying" prospect of a nuclear terrorist attack. ElBaradei told a London conference on nuclear security
Published 17 Mar, 2005 12:00am
Bush insists Iraq coalition not crumbling

Bush insists Iraq coalition not crumbling

President George W. Bush insisted on Wednesday the US-led coalition in Iraq was not crumbling and he shrugged off Italy's decision to begin pulling troops from Iraq by September. "Quite to the contrary," Bush said when asked if the coalition was falling a
Published 17 Mar, 2005 12:00am
Turkish Cypriot Prime Minister wins

Turkish Cypriot Prime Minister wins

Turkish Cypriot Prime Minister Mehmet Ali Talat won a parliamentary vote of confidence on Wednesday for his new government which is expected to keep working for the reunification of Cyprus. His Republican Turkish Party (CTP) won the largest number of seat
Published 17 Mar, 2005 12:00am
India and US call for restoration of democracy in Nepal

India and US call for restoration of democracy in Nepal

India and the United States called Wednesday for a return to multi-party democracy in Nepal, saying the seizure of power in the Himalayan outpost by King Gyanendra was a "setback" for the region. Indian Foreign Minister Natwar Singh and US Secretary of St
Published 17 Mar, 2005 12:00am
North Korea lashes out at Rice, rules out talks

North Korea lashes out at Rice, rules out talks

North Korea lashed out at US Secretary of State Condoleezza Rice Wednesday for calling the communist country an "outpost of tyranny" and ruled out new talks over its nuclear ambitions. "It is inconceivable for the DPRK (North Korea) to go out for the talk
Published 17 Mar, 2005 12:00am
Indian rupee eases for second straight day

Indian rupee eases for second straight day

The rupee lost ground for the second straight session on Wednesday, pulling away from recent five-week peaks, as commercial demand for the US currency perked up amid a widening trade deficit, dealers said. The local unit ended at 43.63/64 per dollar, down
Published 17 Mar, 2005 12:00am
Pound rises versus dollar

Pound rises versus dollar

Sterling climbed within half a cent of this year's high against the dollar on Wednesday as news of a record US current account deficit overshadowed Britain's 2005 budget. Britain's finance minister Gordon Brown set the stage for a May general election in
Published 17 Mar, 2005 12:00am
Dollar falls in London

Dollar falls in London

The dollar retreated from an earlier one-week high against the euro on Wednesday ahead of data that is expected to show the US current account deficit widened to a record level in the fourth quarter. The dollar failed to hold onto gains after it spiked up
Published 17 Mar, 2005 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks fell on Wednesday as crude oil futures set an all-time high and General Motors Corp warned that its 2005 earnings will be as much as 80 percent below its prior forecast. In another setback for stocks, the US current account deficit came in worse
Published 17 Mar, 2005 12:00am
Indian shares flat

Indian shares flat

The Indian shares were flat on Wednesday, consolidating after last week's rally to record highs as markets readied for the end of the financial year on March 31. Shares of India's second-largest bank, ICICI Bank Ltd, rose 4.8 percent ahead of a likely pri
Published 17 Mar, 2005 12:00am
General Motors profit warning, rating news hammer bonds

General Motors profit warning, rating news hammer bonds

General Motors' profit warning and rating outlook cut to negative hammered its euro bonds on Wednesday, with traders saying a recovery in the debt of the world's top car maker is unlikely in the near future. GM started its Wednesday by saying it expects a
Published 17 Mar, 2005 12:00am
General Motors profit warning, rating news hammer bonds

General Motors profit warning, rating news hammer bonds

General Motors' profit warning and rating outlook cut to negative hammered its euro bonds on Wednesday, with traders saying a recovery in the debt of the world's top car maker is unlikely in the near future. GM started its Wednesday by saying it expects a
Published 17 Mar, 2005 12:00am
FTSE hits six-week low as oil and General Motors warning sting

FTSE hits six-week low as oil and General Motors warning sting

UK stocks had their worst fall in months on Wednesday as the effect of surging oil prices, a shock earnings cut from carmaker General Motors and a weak dollar all helped push the FTSE 100 to a 6 week closing low. A raft of stocks going ex-dividend, includ
Published 17 Mar, 2005 12:00am
Russia keeps plant bans on five EU states

Russia keeps plant bans on five EU states

Russia is still blocking plant and vegetable exports from five EU countries, with no guarantee that trade will resume soon despite this week's deal to avoid a ban across the EU, officials said on Wednesday. Europe and Russia agreed late on Tuesday to avoi
Published 17 Mar, 2005 12:00am
Chinese reserves hold the secret to its grain trade

Chinese reserves hold the secret to its grain trade

Bundles of grain encircle China's national seal, but the world's most populous nation is likely to be short of rice and wheat this year and perhaps for some time to come. The country had a bumper harvest of 496 million tonnes in 2004 but will use it in pa
Published 17 Mar, 2005 12:00am
Oil surges to record, market shrugs Opec hike

Oil surges to record, market shrugs Opec hike

Oil prices vaulted to record highs on Wednesday after an Opec agreement to boost world crude output failed to soothe fears over runaway energy demand growth from China and India. The spiking energy costs have doomed US motorists, among the world's most vo
Published 17 Mar, 2005 12:00am
Oil surges to record, market shrugs Opec hike

Oil surges to record, market shrugs Opec hike

Oil prices vaulted to record highs on Wednesday after an Opec agreement to boost world crude output failed to soothe fears over runaway energy demand growth from China and India. The spiking energy costs have doomed US motorists, among the world's most vo
Published 17 Mar, 2005 12:00am
London sugar down

London sugar down

London white sugar futures closed weaker on Wednesday on producer sales against Thursday's EU export tender, traders said. May ended down $1.40 at $264.0 a tonne in light volume of 1,559 lots, having moved between $266.0 and $263.6. August settled down $1
Published 17 Mar, 2005 12:00am
New York cotton settles at nine-month high

New York cotton settles at nine-month high

US nearby cotton futures rode a persistent drumbeat of speculative fund buying to finish Wednesday at a 9-month high and the market could edge higher in the days ahead, analysts said. The New York Board of Trade's key May contract rose 0.15 cent to end at
Published 17 Mar, 2005 12:00am
London cocoa surges

London cocoa surges

London's cocoa market finished on positive ground on Wednesday after a dearth of selling and speculative buying reversed earlier losses, traders said. Liffe's benchmark May concluded 15 pounds higher at 969 pounds a tonne, one pound off the day's high. Th
Published 17 Mar, 2005 12:00am
Copper closes below new peak, others steady

Copper closes below new peak, others steady

Copper closed below earlier record highs on the London Metal Exchange on Wednesday, but dealers said the market was poised for further gains. "I think were are in for new highs. If the dollar weakens it will happen. Longer-term, though, we are reaching a
Published 17 Mar, 2005 12:00am
European gold up on dollar, seen vulnerable

European gold up on dollar, seen vulnerable

Gold firmed in Wednesday European trading on a softer dollar, but a record US current account gap failed to push it out of its $440-445 an ounce trading range. Initial buying followed similar investment fund purchases late on Tuesday and helped the market
Published 17 Mar, 2005 12:00am
US MIDDAY: coffee mixed by lack of directional signals

US MIDDAY: coffee mixed by lack of directional signals

New York arabica coffee futures settled mixed Wednesday, uninspired by a lack of directional signals, traders said. The New York Board of Trade's most-active arabica contract for May delivery dipped 0.55 cent to settle at $1.3635 per lb., after trading in
Published 17 Mar, 2005 12:00am
US MIDDAY: cocoa at 22-month high on fund buying

US MIDDAY: cocoa at 22-month high on fund buying

New York cocoa futures finished at a 22-month high Wednesday, bolstered by follow-through speculative and fund buying with limited producer selling lending support, traders said. The New York Board of Trade's benchmark May cocoa contract rose $44, or 2.5
Published 17 Mar, 2005 12:00am
US MIDDAY: sugar firms on trade buying

US MIDDAY: sugar firms on trade buying

Raw sugar futures closed firmer Wednesday on buying by the trade and small speculators, with bullish fundamentals seen keeping prices near their recent highs, analysts said. The New York Board of Trade's May raw sugar contract edged up 0.01 cent to end at
Published 17 Mar, 2005 12:00am
US MIDDAY: wheat lower on fund buying

US MIDDAY: wheat lower on fund buying

Wheat futures on the Chicago Board of Trade were lower early on Wednesday on a retreat after Tuesday's fund-driven climb to nine-month highs, traders said. As of 10:35 am CST (1635 GMT), CBOT May wheat was down 5-3/4 cents at $3.62-1/4 per bushel and July
Published 17 Mar, 2005 12:00am
US MIDDAY: corn sags on technical setback

US MIDDAY: corn sags on technical setback

Corn futures at the Chicago Board of Trade were lower early on Wednesday on a technical setback from the recent strong gains, traders said. Massive buying by investment funds drove corn to 6-1/2 month highs on Tuesday but there was no follow-through fund
Published 17 Mar, 2005 12:00am
US MIDDAY: soya weaker on commercial hedge selling

US MIDDAY: soya weaker on commercial hedge selling

Soyabean futures at the Chicago Board of Trade set back early Wednesday after this week's fund-led rally, traders said. Some commercial hedge selling also pressured the market early. But prices popped higher at one point amid a round of local short coveri
Published 17 Mar, 2005 12:00am
US MIDDAY: copper rises on overnight buying

US MIDDAY: copper rises on overnight buying

US copper futures climbed early Wednesday, building on gains scored during the previous session as overnight buying in China and London prompted the funds to buy in New York, brokers said. "Chinese buying overnight led the way and London made a new high e
Published 17 Mar, 2005 12:00am
US MIDDAY: gold gains on current account deficit

US MIDDAY: gold gains on current account deficit

US gold futures climbed and held near session highs early Wednesday after a report showing the US current account deficit flared to a record level at the end of 2004, pressuring the dollar, dealers said. In other precious metals, platinum hit a six-week h
Published 17 Mar, 2005 12:00am
Challenging Positions

Challenging Positions

We are a major public sector specialised financial institution, based in Islamabad, with a wide network of branches across the country. The management has taken up a major restructuring program to expand its reach to target customers. In order to achieve
Published 17 Mar, 2005 12:00am
IGATEX Pakistan 2005 - the largest exhibition of its kind in the region

IGATEX Pakistan 2005 - the largest exhibition of its kind in the region

After the inspiring success of IGATEX Pakistan 2004, a collective showcase of garment and textile machinery and accessories trade fair, Pegasus Consultancy and Conference and Exhibition Management Services (CEMS) are proud to bring you two exclusive shows
Published 17 Mar, 2005 12:00am
World market for woven goods

World market for woven goods

Between 2002 and 2010 global production of woven textiles and apparel is expected to grow by 25 percent. New research published by textiles intelligence forecasts that in terms of absolute volume, output is likely to exceed 35 million tons by the end of t
Published 17 Mar, 2005 12:00am
Chenab Limited

Chenab Limited

Chenab Ltd is a dynamic, enterprising and developing industrial organisation. Equipped with the latest imported but highly sophisticated processing machinery, it has a team of qualified technologists and trained labour force numbering around 8000. This un
Published 17 Mar, 2005 12:00am
Recommendations for textile policy 2005-06

Recommendations for textile policy 2005-06

The Government should ensure that the local Textile Industry gets the required raw materials at internationally competitive prices by ensuring a free import and export policy on cotton.
Published 17 Mar, 2005 12:00am
Polyester industry in Pakistan

Polyester industry in Pakistan

Over the past 2 decades, the usage of synthetic fibre has increased significantly and added support to Pakistan's textile industry. Investments in the 80s and early 90s enhanced the size of the domestic market to 138,000 tonnes per annum by 1994. Further
Published 17 Mar, 2005 12:00am
ICI textile auxiliaries - giving you advantage

ICI textile auxiliaries - giving you advantage

ICI Pakistan Chemicals Business manufactures and markets a range of Uniqema textile auxiliaries, providing chemistry-based solutions that enhance the value of its customer's operations across the full spectrum of textile applications...from fibre to fabri
Published 17 Mar, 2005 12:00am
Home textiles - post-2005 opportunities

Home textiles - post-2005 opportunities

Pakistan, the world's fourth largest producer of cotton is also one of the primeval homes of cultured cotton. Over the period of years Pakistan has shifted from a primary produce of raw cotton to exporter of value-added merchandise. The importance of text
Published 17 Mar, 2005 12:00am
Textile industry's performance

Textile industry's performance

Cotton, an important Corp for textile industry, plays significant role in Pakistan as it is our basic component of economy. The market of Pakistan cotton is not only serving the locals, but also the international sector that has a matching demand. Theoret
Published 17 Mar, 2005 12:00am
Textile world 2005 - a competition for the country

Textile world 2005 - a competition for the country

In the mid of 2004, there were rumours about 2005 as very uncertain for the textile world. Some were taking the up coming year as a threat and some believed it will be a year of opportunities. I was also confused as Anti Dumping for the Home Textile secto
Published 17 Mar, 2005 12:00am
Surviving and success within WTO regime

Surviving and success within WTO regime

In spite of being blessed with a great tactical mind, a lion's heart and a self belief bordering on divinity, Alexander had his own in-securities about facing the challenges of Asia Minor and Asia controlled by the legendry King of the World Darius III. T
Published 17 Mar, 2005 12:00am
Rice in polyester fibre usage

Rice in polyester fibre usage

Pure Terephthalic Acid (PTA) is the basic raw material for the polyester industry. It is a petrochemical derivative produced through the high temperature oxidation of Paraxylene in the presence of Acetic Acid. PTA is used in the manufacture of polyester f
Published 17 Mar, 2005 12:00am
Pakistan textile sector: overview and challenges ahead

Pakistan textile sector: overview and challenges ahead

Pakistan being the fourth largest producer of cotton in the world, has a relatively developed structure in basic textiles. There are more than 1221 Ginneries providing cotton to 457 Spinning units with a capacity of over 10 million spindles and more than
Published 17 Mar, 2005 12:00am
Global trading environment: promoting exports growth

Global trading environment: promoting exports growth

EPB has been assigned responsibilities of promoting and supporting the sustained growth in exports of the Pakistan's goods and services. As a part of seven-point export strategy, alongwith Ministry of Commerce, EPB has created a new WTO Cell in order to r
Published 17 Mar, 2005 12:00am
Message from Chairman Towel Manufacturers' Association of Pakistan

Message from Chairman Towel Manufacturers' Association of Pakistan

I was pleased to hear that the daily Business Recorder is planning to bring out an exclusive report on Textile Industry in Pakistan. Such a report on the eve of the end of the quota regime is necessary for the information and education of everyone
Published 17 Mar, 2005 12:00am
Message from Chairman All Pakistan Textile Mills Association

Message from Chairman All Pakistan Textile Mills Association

I am pleased to learn that Business Recorder, the leading financial daily of the country is planning to bring out an exclusive special report on "The Textile World 2005 - A Challenge & Opportunity for Pakistan". We are in the midst of an era of unp
Published 17 Mar, 2005 12:00am
Message from Federal Minister for Textiles Industry

Message from Federal Minister for Textiles Industry

I congratulate the administration of the Daily "Business Recorder" which has decided to issue special report a Textile Industries. You are aware that Ministry of Textile Industry which is newly established in Pakistani with the aims to solve proble
Published 17 Mar, 2005 12:00am
Egyptian Qari recites Quran in Sindh Assembly

Egyptian Qari recites Quran in Sindh Assembly

The walls of the august House of Sindh Assembly echoed with the sweet voice of internationally famed Egyptian Dan Hasham Bin Abdul Basit, who recited verses from Holy Quran at the start of Sindh Assembly session on Wednesday. His accent and delivery of Qi
Published 17 Mar, 2005 12:00am
PTCL re-launches 'Bahar Package'

PTCL re-launches 'Bahar Package'

After persistent demand of the Pakistan Telecommunication Company Limited (PTCL) customers, the phone utility once again has announced re-launching of 'Bahar Package' to get telecom facilities at their doorstep by only making a local call. This was stated
Published 17 Mar, 2005 12:00am
Partly Facetious: if Sharifs are getting together with government...

Partly Facetious: if Sharifs are getting together with government...

"Bypassed again." "Well let me tell you the Chaudhry was not bypassed, he was never bypassed. All he wanted was to be a caretaker PM and the king maker and he got both. Some people don't want to be out there in the front if you know what I mean."
Published 17 Mar, 2005 12:00am
NAB urged not to oppose Salma's bail

NAB urged not to oppose Salma's bail

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former President Tariq Sayeed has requested the National Accountability Bureau (NAB) not to oppose the bail for the release of Salma Ahmed. In a statement to the press issued here, he expres
Published 17 Mar, 2005 12:00am
Private schools fee structure rules being finalised, Sindh Assembly told

Private schools fee structure rules being finalised, Sindh Assembly told

Sindh Education Minister Dr Hamida Khuhro has said that rules to regulate fee structure and admission policies of private schools are being finalised and would be made effective in about one month. She was replying to questions in Sindh Assembly during qu
Published 17 Mar, 2005 12:00am
Oil price increase bodes well for OMCs

Oil price increase bodes well for OMCs

The increase in oil prices bodes well for the oil marketing companies, but generally it impacts the economy with a lag and has multiplier effect on most economic sub-sectors, as it effectively raises the aggregate cost of industrial production. These view
Published 17 Mar, 2005 12:00am
The Weather

The Weather

The weather report on Wednesday (March 16) and the forecast for Thursday (March 17, 2005).
Published 17 Mar, 2005 12:00am
PTA slams POL price hike

PTA slams POL price hike

The Pakistan Tanners Association (PTA) has sharply criticised the increase in petroleum prices for second time in a month and said that such increasing trend in POL prices would further add to the cost of production of industries especially the export ori
Published 17 Mar, 2005 12:00am
New York cotton

New York cotton

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

Published 17 Mar, 2005 12:00am
Prime Minister to persuade foreign airlines to resume operations: FPCCI

Prime Minister to persuade foreign airlines to resume operations: FPCCI

Prime Minister Shaukat Aziz has assured the business community that he himself will persuade the foreign airlines to restart their operations from Pakistan. The chairman, Aviation Committee, Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Published 17 Mar, 2005 12:00am
New York cotton

New York cotton

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

Published 17 Mar, 2005 12:00am
Wrong scale

Wrong scale

A few months back a Bangladeshi footpath trolley vendor was arrested and taken to court for short weighing. The Bahraini customer stated since long he used to buy fish from the vendor but when one day on doubt he checked the fish was one and a half kilo i
Published 17 Mar, 2005 12:00am
Key stock market movements at 1800 GMT on March 16

Key stock market movements at 1800 GMT on March 16

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 17 Mar, 2005 12:00am
Land grabbers mafia

Land grabbers mafia

The residents of Madni Colony are disillusioned by the lack of action against the encroachers of the road leading to the houses in TL28 Grax Hawksbay, by persons, who have established their own rule of law in the area. They are known for land grabbing act
Published 17 Mar, 2005 12:00am
Margalla Hills tunnel

Margalla Hills tunnel

On the reported initiatives taken by Sheikh Rashid Ahmad and Omar Ayub Khan, the Capital Development Authority has decided to conduct feasibility study for constructing a tunnel to link Islamabad with Hazara Division.
Published 17 Mar, 2005 12:00am
Affluent Indians holiday abroad as air fares tumble

Affluent Indians holiday abroad as air fares tumble

For New Delhi housewife Kavita Pant, holidays used to mean bundling her husband, two children and herself into a train for a jolting ride to her in-laws' home in dusty Madhya Pradesh state. But with India allowing carriers to fly more routes, resulting in
Published 17 Mar, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 16, 2005).

Published 17 Mar, 2005 12:00am
Policemen not safe in Iraq

Policemen not safe in Iraq

Iraqi policeman Mushtaak Hassan never steps 10 feet from his house without a pistol. He always varies his route to work. Few people know his address. When the staff sergeant looks at a picture of his best friend, he remembers that policemen are never safe
Published 17 Mar, 2005 12:00am
Kashmir peace road carries hopes for millions

Kashmir peace road carries hopes for millions

The automatic rifles have given way to spades and shovels, heavy artillery to earth movers and soldiers to construction workers. Troops in Azad and occupied Kashmir are working frantically to convert what was a mine-infested dirt track on one of the world
Published 17 Mar, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 16, 2005).

Published 17 Mar, 2005 12:00am
Risk of squandering an opportunity

Risk of squandering an opportunity

Countries, like individuals, at some stage of their existence, get opportunities, which, if properly exploited, change their fortunes for the better. Their wastage, on the other hand, is tragic because an opportunity once lost hardly recurs. Though not fi
Published 17 Mar, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (March 16) and for Thursday (March 17, 2005).
Published 17 Mar, 2005 12:00am
Pepsi launches new campaign

Pepsi launches new campaign

Pakistan's top film celebrity Reema said her work with 'Pepsi Cola' has breached new frontiers when it came to advertising in Pakistan and the way celebrities had been projected so far by different brands, a press release said here on Wednesday.
Published 17 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 17, 2005.

Published 17 Mar, 2005 12:00am
Sand requirement for Lyari Expressway discussed

Sand requirement for Lyari Expressway discussed

Sindh Chief Minister, Dr Arbab Ghulam Rahim, on Tuesday held an important meeting with regard to grant of permission for required demand of sand used in the Lyari Expressway project. The meeting reviewed the excavation of 'reti/bajri' from various areas o
Published 17 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 17, 2005.

Published 17 Mar, 2005 12:00am
Attock Refinery gets AA-, A1+ ratings

Attock Refinery gets AA-, A1+ ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'AA-' (double A minus) and a short-term rating of 'A1+' (A one plus) to Attock Refinery Limited (ARL). The ratings, applicable to the senior unsecured creditors of the company, d
Published 17 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 17, 2005.

Published 17 Mar, 2005 12:00am
Attock Refinery gets AA-, A1+ ratings

Attock Refinery gets AA-, A1+ ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'AA-' (double A minus) and a short-term rating of 'A1+' (A one plus) to Attock Refinery Limited (ARL). The ratings, applicable to the senior unsecured creditors of the company, d
Published 17 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 16, 2005).

Published 17 Mar, 2005 12:00am
Lati opposed to proposed textile city

Lati opposed to proposed textile city

Landhi Association of Trade and Industry (Lati) Chairman Shahbaz A. Malik criticised the formation of proposed textile city, and said that this project will affect the already existing Landhi and Bin Qasim industrial areas, said a press release issued her
Published 17 Mar, 2005 12:00am
Second SECP road show in Peshawar on March 19

Second SECP road show in Peshawar on March 19

The Securities and Exchange Commission of Pakistan (SECP) has planned to hold the second road show in Peshawar on March 19, after successfully organising the first road show on investment in capital market in Sialkot last month. The road show is being org
Published 17 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 16, 2005).

Published 17 Mar, 2005 12:00am
'HBL giving special attention to SMEs'

'HBL giving special attention to SMEs'

President, Habib Bank Limited, Zakir Mehmood, has said that the bank is giving special attention to small and medium enterprises (SMEs) development in the country. Speaking at a meeting of Korangi Association of Trade and Industry (Kati), he said that the
Published 17 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 16, 2005).

Published 17 Mar, 2005 12:00am
Women need social empowerment: minister

Women need social empowerment: minister

Sindh Women Development Minister Dr Saeeda Malik, said women need social empowerment to live with dignity in the society. She said domestic violence is an international phenomenon, adding women living in distress are them selves responsible of this situat
Published 17 Mar, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 16, 2005).

Published 17 Mar, 2005 12:00am
Cement manufactures demand CED abolition

Cement manufactures demand CED abolition

Cement manufactures have proposed the government to abolish central excise duty (CED) on cement. Talking to newsmen, Managing Director, Dadabhoy Cement, Senator Mohammed Amin Dadabhoy, said that they had proposed the government to abolish CED on cement an
Published 17 Mar, 2005 12:00am
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