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Print - 2005-04-02
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Apr, 2005 12:00am
HEC asked to consider three degrees equivalent

HEC asked to consider three degrees equivalent

National Curriculum Revision Committee (NCRC) has recommended that Higher Education Commission (HEC) should consider the three degrees ie, MS Rural Sociology, MA Social Anthropology and Population Science equivalent. National curriculum committee also rec
Published 02 Apr, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 02 Apr, 2005 12:00am
Government urged to lessen financial burden

Government urged to lessen financial burden

Present government has guided the country towards economic stability and all economic indicators show positive signs but the people were not given due share of economic growth, said FPCCI former President Tariq Saeed here on Wednesday. "Government should
Published 02 Apr, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (April 01, 2005).

Published 02 Apr, 2005 12:00am
NWFP police alerted to control law and order

NWFP police alerted to control law and order

NWFP Inspector General of Police Muhammad Riffat Pasha on Friday categorically made it clear that disruption in routine life and damaging the public and private property would not be tolerated. He directed police officials to chalk out a comprehensive pla
Published 02 Apr, 2005 12:00am
FPCCI opposes second-hand auto parts import

FPCCI opposes second-hand auto parts import

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly opposed import of second-hand auto parts and urged the government that it should conduct a comprehensive study on potential of local industry before changing existing policy
Published 02 Apr, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Apr, 2005 12:00am
'Monopoly Control Authority needs restructuring'

'Monopoly Control Authority needs restructuring'

The Monopoly Control Authority (MCA), in existence since 1970, needs to be restructured for effective delivery of its basic objectives. Former finance secretary Ghafoor Mirza in a detailed presentation on his report relating to monopolies, cartels, restri
Published 02 Apr, 2005 12:00am
Chinese team to visit Lahore

Chinese team to visit Lahore

A 16-member Chinese business delegation, led by U Deping, member Chinese Communist Party Central Committee, will visit Lahore from April 2 to 5. The delegation will be the guest of the Punjab government. Chairman National Commission for Human Development,
Published 02 Apr, 2005 12:00am
Multan Food department to procure 960,000 tonnes wheat

Multan Food department to procure 960,000 tonnes wheat

Food department Multan will procure 960,000 tonnes wheat in six districts of the defunct Multan division this year, said deputy director Manzoor Hussain Bajwa on Friday. Last year the target was fixed at 1.1 million tonnes but it could not be achieved due
Published 02 Apr, 2005 12:00am
Rs 321 million to be spent on two grain quality testing laboratories

Rs 321 million to be spent on two grain quality testing laboratories

The government will established two modern laboratories at a cost of Rs 321 million for strengthening of Grain Quality Testing to ensure good qualities of exportable agriculture produce. According to official sources, an amount of Rs 198 million, with for
Published 02 Apr, 2005 12:00am
Death toll in Faisalabad accident rises to 11

Death toll in Faisalabad accident rises to 11

Eleven persons were killed, 15 inured, three of them seriously, when three vehicles collided with each other and a passenger bus over turned near Chak Aruri on bypass linked with Jhang road, here on Thursday. According to details, a passenger bus FDV-2455
Published 02 Apr, 2005 12:00am
PSP establishes protest camp

PSP establishes protest camp

Pakistan Seraiki Party (PSP) on Thursday established a protest camp at Chowk katchery under the leadership of PSP Secretary General Mansoor Karim Sial, and Communist Party Pakistan (CPP) President Syed Irfan Haider Shamsi to express solidarity with the PO
Published 02 Apr, 2005 12:00am
Sugar production down 13.03 percent

Sugar production down 13.03 percent

The production of sugar has decreased by 13.03 percent due to low production of sugarcane in the first eight months of the current fiscal year as compared to the corresponding period of last year. According to official sources, the area under sugarcane cr
Published 02 Apr, 2005 12:00am
Iran gas line may extend to China: Kasuri

Iran gas line may extend to China: Kasuri

Foreign Minister Khurshid M Kasuri has confirmed reports that the proposed Pak-Iran gas pipeline might ultimately end up in China. Kasuri said at a lunch meeting hosted by him for newspaper editors here on Friday that the suggestions about Beijing's inter
Published 02 Apr, 2005 12:00am
Shujaat urges Pakistan and India to take peace process forward

Shujaat urges Pakistan and India to take peace process forward

India, being a big country, has to show large-heartiness to find out the solution of issues including Kashmir problem between the two countries. Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain has said this while speaking at an interactive
Published 02 Apr, 2005 12:00am
PCB statement

PCB statement

Pakistan Cricket Board (PCB) has said that no decision has been taken either to change the current selection committee or to replace it by salaried selectors. In a press statement here on Friday, a spokesman of PCB said that as a matter of policy, the pre
Published 02 Apr, 2005 12:00am
Speakers blame speculators for KSE crash

Speakers blame speculators for KSE crash

Former Chairman Lahore Stock Exchange, Dr Yasir Mahmood has said that the growth shown by the share market before recent downslide was real and the KSE index could have sustained 10,000 level, but due to over speculation it did not happen. Speaking at a d
Published 02 Apr, 2005 12:00am
SS Century Insurance assigned 'A'

SS Century Insurance assigned 'A'

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength Rating of Century Insurance Company Limited (CICL) at 'A' (Single A) with a 'Stable outlook,'says a press release here on Saturday. According to details, the rel
Published 02 Apr, 2005 12:00am
SS Century Insurance assigned 'A'

SS Century Insurance assigned 'A'

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength Rating of Century Insurance Company Limited (CICL) at 'A' (Single A) with a 'Stable outlook,'says a press release here on Saturday. According to details, the rel
Published 02 Apr, 2005 12:00am
Plan chalked out to expand role of motorway police

Plan chalked out to expand role of motorway police

The government has chalked out a plan for expanding the role of motorway police so as to improve the transportation system of Pakistan. Minister of State for Communication Engineer Shahid Jamil Qureshi said this while talking to Business Recorder a
Published 02 Apr, 2005 12:00am
Smallpox vaccine main source of spreading Hepatitis C

Smallpox vaccine main source of spreading Hepatitis C

The smallpox vaccine that was administrated nation-wide from 1964 to 1982, is the main source of spread of Hepatitis-C in the country, while no step has been taken to assert the exact number of hepatitis patients Director, Hepatitis Research Centre, Dr Mu
Published 02 Apr, 2005 12:00am
US envoy's statement termed contradictory

US envoy's statement termed contradictory

The ARD spokesman said on Friday that US Ambassador to Pakistan Ryan C. Crocker's statement that 'there was no dictatorship in Pakistan and President Musharraf was moving towards democracy' was full of contradictions. ARD's central deputy secretary inform
Published 02 Apr, 2005 12:00am
PPM holds demonstration

PPM holds demonstration

Activists of Pakistan Peoples Movement (PPM) staged a demonstration in front of the residence of Muttahida Majlis-i-Amal (MMA) leader Liaquat Baloch to protest against the MMA leadership for giving the strike call for April 2. PPM Chairman, Muhammad Ashfa
Published 02 Apr, 2005 12:00am
Over 3000 MMA workers arrested: Qazi

Over 3000 MMA workers arrested: Qazi

The law enforcing agencies arrested over 3,000 activists of Muttahida Majlis-i-Amal (MMA) from across the country including 1,500 from Karachi to foil the strike scheduled for Saturday, April 2. MMA chief Qazi Hussain Ahmad told newsmen at a press confere
Published 02 Apr, 2005 12:00am
Law minister's remarks create furore in Punjab Assembly

Law minister's remarks create furore in Punjab Assembly

The legislators of ruling party and PML-N blamed each other for making reconciliatory contacts to reach an understanding during Punjab Assembly proceedings on Friday. This led to heated arguments between the Punjab Law Minister and Deputy Opposition Leade
Published 02 Apr, 2005 12:00am
PPP assures jobs to youth

PPP assures jobs to youth

Pakistan People's Party has announced that all public sector employees who have been removed from their jobs in the name of downsizing would be reinstated in service, if PPP comes into power. While addressing a Labour Conference here on Tuesday, leaders o
Published 02 Apr, 2005 12:00am
NBP named Best Emerging Market Bank in Asia

NBP named Best Emerging Market Bank in Asia

In an exclusive survey "Best Emerging Market Banks-Asia" to be published in the May 5 issue, Global Finance magazine has named the National Bank of Pakistan (NBP) as the Best Emerging Market Bank from Pakistan for 2005. Global Finance editors, with input
Published 02 Apr, 2005 12:00am
Prime Minister calls for initiatives to boost agriculture sector

Prime Minister calls for initiatives to boost agriculture sector

Prime Minister Shaukat Aziz on Friday underlined the need for new initiatives and attracting investors in the agro-based industries to realise full potential of the agriculture sector in Pakistan. While reviewing the quarterly goals of the Food, Agricultu
Published 02 Apr, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 01, 2005).

Published 02 Apr, 2005 12:00am
$1.8 billion paid for oil imports

$1.8 billion paid for oil imports

The State Bank of Pakistan has used 1.8 billion dollars of its reserves in the past five months to pay for oil imports, reducing dollar demand in the interbank market and supporting the rupee, a bank spokesman said on Friday. The State Bank of Pakistan st
Published 02 Apr, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 01, 2005).

Published 02 Apr, 2005 12:00am
MMA flays arrest of activists

MMA flays arrest of activists

Muttahida Majlis-i-Amal has flayed the government for arresting around 300 of its leaders and workers from different cities of the country. Addressing a press conference, Naib Amir Jamaat Islami Punjab MNA Mian Mohammad Aslam and Deputy Secretary Informat
Published 02 Apr, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 01, 2005).

Published 02 Apr, 2005 12:00am
Benazir Bhutto condemns victimisation of opponents

Benazir Bhutto condemns victimisation of opponents

Pakistan Peoples Party (PPP) Chairperson Benazir Bhutto has condemned what she termed continued victimisation of political opponents by the present government. In a statement issued here on Friday, Benazir called upon the rulers to stop the politics of ve
Published 02 Apr, 2005 12:00am
Police told to beef up security

Police told to beef up security

The district administration Islamabad has directed the ICT police to further tighten security in the federal capital ahead of shutter down call given by the Muttahida Majlis-i-Amal (MMA) for Saturday. The administration has also decided to register cases
Published 02 Apr, 2005 12:00am
Report about Benazir Bhutto's meeting with Musharraf denied

Report about Benazir Bhutto's meeting with Musharraf denied

Benazir Bhutto has not met President Musharraf nor her spouse Asif Ali Zardari would meet him in near future, her spokesman said here on Friday. Ex-prime minister's spokesman, Senator Farhatullah Babur was commenting on a report in the Indian media, which
Published 02 Apr, 2005 12:00am
CBR celebrates 80th anniversary

CBR celebrates 80th anniversary

The Central Board of Revenue (CBR) on Friday celebrated its 80th anniversary with the commitment to change for competing in the global competition of investment, automation and free trade regime through ongoing reform process. CBR Chairman Abdullah Yousuf
Published 02 Apr, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield observed slightly increasing trend and BMA-PGBI almost maintained it''s value by moving up by 62 pps. Although yield increased but value of index also increased, factor behind this upward movement was in
Published 02 Apr, 2005 12:00am
All set to initiate Kashmir bus service, Prime Minister told

All set to initiate Kashmir bus service, Prime Minister told

Azad Kashmir Prime Minister, Sardar Sikandar Hayat Khan called on Prime Minister, Shaukat Aziz here on Friday and informed him that all arrangements in connection with the commencement of Muzaffarabad-Srinagar bus service have been completed. Sikander Hay
Published 02 Apr, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield observed slightly increasing trend and BMA-PGBI almost maintained it's value by moving up by 62 pps. Although yield increased but value of index also increased, factor behind this upward movement was int
Published 02 Apr, 2005 12:00am
Staff College centenary celebrations

Staff College centenary celebrations

Inter Services Public Relations (ISPR) Director General Major General Shaukat Sultan on Friday said President General Pervez Musharraf will inaugurate the centenary celebrations of Command and Staff College, Quetta on Saturday. Addressing a press conferen
Published 02 Apr, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA Pakistan Government Bond Index (BMA-PGBI) yield observed slightly increasing trend and BMA-PGBI almost maintained it's value by moving up by 62 pps. Although yield increased but value of index also increased, factor behind this upward movement was int
Published 02 Apr, 2005 12:00am
HBL facility for CDC account holders

HBL facility for CDC account holders

To facilitate the stock market investors, the Central Depository Company Investors Accounts can now be opened at six Habib Bank branches in Karachi and Lahore. In the first phase, following six HBL branches will provide this facility: 1) State Life Branch
Published 02 Apr, 2005 12:00am
Strike call aimed at disturbing peace: minister

Strike call aimed at disturbing peace: minister

Sindh Minister for Commerce, Industries, Transport and Labour Adil Siddiqui has said that all industrial and commercial activities would run normally and all attempts to affect the daily life of the people on Saturday would be thwarted forcefully. In a st
Published 02 Apr, 2005 12:00am
Pakistan Steel posts record production

Pakistan Steel posts record production

Hot Strip Mill of Pakistan Steel Karachi set all-time high production record in its 22 years history by producing 67,108 tonnes of HR products in March 2005. The plant, established in 1983, is only one in the country producing hot rolled coils. Unfortunat
Published 02 Apr, 2005 12:00am
Pakistan Steel posts record production

Pakistan Steel posts record production

Hot Strip Mill of Pakistan Steel Karachi set all-time high production record in its 22 years history by producing 67,108 tonnes of HR products in March 2005. The plant, established in 1983, is only one in the country producing hot rolled coils. Unfortunat
Published 02 Apr, 2005 12:00am
Businessmen urged not to support strike

Businessmen urged not to support strike

The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appealed to the business community of Pakistan not to support the strike calls from any segment of political parties and keep their business as usual. In a statement, he
Published 02 Apr, 2005 12:00am
People will foil MMA's strike, hopes Arbab

People will foil MMA's strike, hopes Arbab

Sindh Chief Minister Dr Arbab Ghulam Rahim has said that the people would foil all attempts of Muttahida Majlis-i-Amal (MMA) to observe strike on Saturday, spokesman of the CM House said here on Friday. The MMA has given countrywide strike call on Saturda
Published 02 Apr, 2005 12:00am
Promotions in PIA

Promotions in PIA

Pursuant to promotions the following senior officials have been elevated. Chief Engineer Saeed Akhtar has been promoted Director Engineering and Maintenance. Kamran Ali Khan has been promoted from Pay Group 9 to 10 as General Manager Sindh. Talat Ali Mali
Published 02 Apr, 2005 12:00am
Rehabilitation of street children urged

Rehabilitation of street children urged

Speakers at a seminar on "The Grim Problem of Missing Children" said that missing of children has become a serious issue in the society as 2,873 children have gone missing in Pakistan during the last five years and only 279 of them could be recovered. The
Published 02 Apr, 2005 12:00am
National tax moot today

National tax moot today

Prime Minister's Adviser on Finance and Economic Affairs Dr Salman Shah will be the chief guest at the national tax conference to be held on April 02, 2005 at a local hotel in Karachi. Nutshell Corporate Think Tank is organising this event in collaboratio
Published 02 Apr, 2005 12:00am
Clifton Aquarium to be reopened in 6 months

Clifton Aquarium to be reopened in 6 months

The City District Government, Karachi (CDGK) will open Clifton Aquarium for the public within the next six months. It has remained closed from the past six years. City Nazim's Co-ordinator, Abid Ilyas, said that the pillars of the Aquarium had gone weak d
Published 02 Apr, 2005 12:00am
FPCCI for reducing sales tax to 10 percent

FPCCI for reducing sales tax to 10 percent

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Saeed, has proposed reduction in sales tax rate from 15 percent to 10 percent in 2005-06 budget. He has suggested that raw material not manufactured locally should
Published 02 Apr, 2005 12:00am
OIC states urged to enhance entrepreneurship role

OIC states urged to enhance entrepreneurship role

The Islamic countries should expand Pan-Islamic co-operation to develop trade and industry by enhancing role of entrepreneurship in their economies. Adviser to Sindh Chief Minister on Excise and Taxation M. A. Jalil stated this, while addressing the concl
Published 02 Apr, 2005 12:00am
Household items expo on July 1

Household items expo on July 1

Saba Promoters Event Management in collaboration with Alam Resources Singapore is organising a 10-day exhibition of Pakistani household products at Karachi Expo Centre from July 01 to 10. According to a press release issued here on Friday, delegates from
Published 02 Apr, 2005 12:00am
Sessi allows bone marrow transplantation to worker's girl

Sessi allows bone marrow transplantation to worker's girl

Governing Body of Sindh Employees' Social Security Institution (SESSI) under the chairmanship of Sindh Minister Labour, Transport, Industries and Commerce Muhammad Adil Siddiqui decided to provide bone marrow transplantation treatment to Baby Mahnoor, dau
Published 02 Apr, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 01, 2005).

Published 02 Apr, 2005 12:00am
Sindh Irrigation department to sign MoU for transparency

Sindh Irrigation department to sign MoU for transparency

Sindh Department of Irrigation and Power will sign a Memorandum of Understanding on April 3 with Transparency International (TI), Pakistan, to implement complete transparency regarding procurements for the department. Minister for Irrigation and Power, Na
Published 02 Apr, 2005 12:00am