News Archives for Print - 2005-04-25 - Business Recorder

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Jan 28, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2005-04-25

Musharraf terms Jakarta visit very productive

Musharraf terms Jakarta visit very productive

Terming his visit as very successful and productive, President Pervez Musharraf said on Sunday that his discussions with the Asian-African leaders focussed on finding ways and means to enhance economic relations. In his departure statement, he said that P

Published 25 Apr, 2005 12:00am

Badla rules mar investors'' confidence

Badla rules mar investors'' confidence

Share prices remained under the influence of uncertainties arising from the release of the badla rules and though negotiations on suggestions of stockbrokers to extend the period without any harsh conditions were successful they failed to cheer the mood o

Published 25 Apr, 2005 12:00am

Growth and rupee value dependent on crude prices

Growth and rupee value dependent on crude prices

In a recent gathering of global financial managers in Washington, IMF showed great concern that the world economy might not perform as well in the days to come. Rising oil prices was the major concern. It said that oil rise was having more impact on equit

Published 25 Apr, 2005 12:00am

Growth and rupee value dependent on crude prices

Growth and rupee value dependent on crude prices

In a recent gathering of global financial managers in Washington, IMF showed great concern that the world economy might not perform as well in the days to come. Rising oil prices was the major concern. It said that oil rise was having more impact on equit

Published 25 Apr, 2005 12:00am

Growth and rupee value dependent on crude prices

Growth and rupee value dependent on crude prices

In a recent gathering of global financial managers in Washington, IMF showed great concern that the world economy might not perform as well in the days to come. Rising oil prices was the major concern. It said that oil rise was having more impact on equit

Published 25 Apr, 2005 12:00am

Futures spreads enter single-digit zone

Futures spreads enter single-digit zone

The futures spread at Karachi Stock Exchange (KSE) entered the single-digit zone as the market saw continuous selling pressure in both ready and futures markets. On Thursday, at the weekend, the weighted average futures spread stood at 6.79 percent at KSE

Published 25 Apr, 2005 12:00am

Futures spreads enter single-digit zone

Futures spreads enter single-digit zone

The futures spread at Karachi Stock Exchange (KSE) entered the single-digit zone as the market saw continuous selling pressure in both ready and futures markets. On Thursday, at the weekend, the weighted average futures spread stood at 6.79 percent at KSE

Published 25 Apr, 2005 12:00am

Badla investment at 15-month low

Badla investment at 15-month low

The continuous row between KSE and SECP resulted in declining share prices and depressed investors, mood trimming badla investment and rates, touching 15-month and four-month low levels, respectively. The weighted average badla rate at KSE at the weekend

Published 25 Apr, 2005 12:00am

Badla investment at 15-month low

Badla investment at 15-month low

The continuous row between KSE and SECP resulted in declining share prices and depressed investors, mood trimming badla investment and rates, touching 15-month and four-month low levels, respectively. The weighted average badla rate at KSE at the weekend

Published 25 Apr, 2005 12:00am

Bond index declines

Bond index declines

The JS PGBI, which is the primary indicator of Pakistan bond market, showed a decrease of 0.0846 points over the week, bringing the index value to 91.7411 with a weighted index yield of 8.7825 percent on April 23, 2005. The JS PGBI has shown an overall de

Published 25 Apr, 2005 12:00am

Bond index declines

Bond index declines

The JS PGBI, which is the primary indicator of Pakistan bond market, showed a decrease of 0.0846 points over the week, bringing the index value to 91.7411 with a weighted index yield of 8.7825 percent on April 23, 2005. The JS PGBI has shown an overall de

Published 25 Apr, 2005 12:00am

Bond index declines

Bond index declines

The JS PGBI, which is the primary indicator of Pakistan bond market, showed a decrease of 0.0846 points over the week, bringing the index value to 91.7411 with a weighted index yield of 8.7825 percent on April 23, 2005. The JS PGBI has shown an overall de

Published 25 Apr, 2005 12:00am

Audit system under DTRE being simplified

Audit system under DTRE being simplified

The Central Board of Revenue (CBR) is simplifying the audit procedure for companies/units registered under Duty and Tax Remission for Export (DTRE) scheme. Official sources told Business Recorder on Sunday that the collectors of customs have reques

Published 25 Apr, 2005 12:00am

Audit system under DTRE being simplified

Audit system under DTRE being simplified

The Central Board of Revenue (CBR) is simplifying the audit procedure for companies/units registered under Duty and Tax Remission for Export (DTRE) scheme. Official sources told Business Recorder on Sunday that the collectors of customs have reques

Published 25 Apr, 2005 12:00am

Audit system under DTRE being simplified

Audit system under DTRE being simplified

The Central Board of Revenue (CBR) is simplifying the audit procedure for companies/units registered under Duty and Tax Remission for Export (DTRE) scheme. Official sources told Business Recorder on Sunday that the collectors of customs have reques

Published 25 Apr, 2005 12:00am

Wapda companies to finalise new tariff petitions on April 27

Wapda companies to finalise new tariff petitions on April 27

The Finance Directors of Wapda's distribution companies (DISCOS) will meet in Islamabad on April 27 to finalise their new tariff petitions to be filed with Nepra before the federal budget, an official of Islamabad Electric Supply Company (Iesco) told B

Published 25 Apr, 2005 12:00am

Wapda companies to finalise new tariff petitions on April 27

The Finance Directors of Wapda's distribution companies (DISCOS) will meet in Islamabad on April 27 to finalise their new tariff petitions to be filed with Nepra before the federal budget, an official of Islamabad Electric Supply Company (Iesco) told B
Published 25 Apr, 2005 12:00am

Wapda companies to finalise new tariff petitions on April 27

The Finance Directors of Wapda''s distribution companies (DISCOS) will meet in Islamabad on April 27 to finalise their new tariff petitions to be filed with Nepra before the federal budget, an official of Islamabad Electric Supply Company (Iesco) told
Published 25 Apr, 2005 12:00am

COT issue hits LSE trading

The row between the Securities and Exchange Commission of Pakistan (SECP) and the brokers over COT trade kept the share market hostage, while the LSE index ended the last week with a net loss of 231.79 points or 6 percent. During the week under review, th
Published 25 Apr, 2005 12:00am

COT issue hits LSE trading

The row between the Securities and Exchange Commission of Pakistan (SECP) and the brokers over COT trade kept the share market hostage, while the LSE index ended the last week with a net loss of 231.79 points or 6 percent. During the week under review, th
Published 25 Apr, 2005 12:00am

Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where investors of Islamabad and Rawalpindi adopted cautious approach and offloaded their positions, as small traders and short-term margin hunters were confused over the issue perta
Published 25 Apr, 2005 12:00am

Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where investors of Islamabad and Rawalpindi adopted cautious approach and offloaded their positions, as small traders and short-term margin hunters were confused over the issue perta
Published 25 Apr, 2005 12:00am

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am

PTCL may post 9 percent after-tax profit growth

Pakistan Telecom is expected to post 9 percent growth in profit after-tax for the nine-month period ended March 31 because of higher volumes after making reductions in tariff. The profit of largest telephone service provider would settle around Rs 21.4 bi
Published 25 Apr, 2005 12:00am

India willing to attend Saarc summit

India said it was ready to accept any suitable date for the twice postponed 13th Saarc summit in Dhaka if it is acceptable to other members of the grouping. These views were expressed by External Affairs Minister K. Natwar Singh during a meeting with his
Published 25 Apr, 2005 12:00am

India willing to attend Saarc summit

India said it was ready to accept any suitable date for the twice postponed 13th Saarc summit in Dhaka if it is acceptable to other members of the grouping. These views were expressed by External Affairs Minister K. Natwar Singh during a meeting with his
Published 25 Apr, 2005 12:00am

Greek delegation arriving today

A five-member Greek delegation is arriving here on Monday for a three-day visit aimed at promoting cultural co-operation with Pakistan.
Published 25 Apr, 2005 12:00am

IMF director calls on Prime Minister

Pakistan has achieved encouraging results in the macro-economic field and now endeavouring to transfer the benefits of the economic gains to the common man. This was stated by Prime Minister Shaukat Aziz while talking to Mohsin Khan, Director Internationa
Published 25 Apr, 2005 12:00am

IMF director calls on Prime Minister

Pakistan has achieved encouraging results in the macro-economic field and now endeavouring to transfer the benefits of the economic gains to the common man. This was stated by Prime Minister Shaukat Aziz while talking to Mohsin Khan, Director Internationa
Published 25 Apr, 2005 12:00am

DHA and ISDI ink MoU for Entertainment Park

International Spectrum Development Inc (ISDI), US based multinational company, would build an international standard entertainment park with 10 million dollars in Defence Housing Society Phase-I. A memorandum of understanding (MoU) was signed between the
Published 25 Apr, 2005 12:00am

Weak monitoring mechanism causes NGOs rapid growth

The government has failed to control the mushroom growth of Non-Governmental Organisations (NGOs), as Ministry of Social Welfare has shelved the draft bill aimed at streamlining their funding from foreign donors and its proper utilisation. According to an
Published 25 Apr, 2005 12:00am

Tax analysis moot opens today

A 12-day international conference on "Tax analysis and revenue forecasting" will be held under the auspices of Directorate General of Income Tax (Training and Research) from April 25 to May 06, 2005. As many as 31 tax officials including 17 from different
Published 25 Apr, 2005 12:00am

Musharraf terms foreign visit successful

Describing his visit to India, the Philippines and Indonesia as successful, President Musharraf on Sunday said his talks in New Delhi yielded positive results as both sides have a clear resolve to move towards a final settlement of the decades-old Jammu a
Published 25 Apr, 2005 12:00am

Saudi Pak posts 132 percent profit in first quarter

Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited, a joint venture of Saudi Arabia and Pakistan, maintained steady growth in its operations during first quarter of 2005. The company earned Rs 453.6 million in profit during January-Mar
Published 25 Apr, 2005 12:00am

Saudi Pak posts 132 percent profit in first quarter

Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited, a joint venture of Saudi Arabia and Pakistan, maintained steady growth in its operations during first quarter of 2005. The company earned Rs 453.6 million in profit during January-Mar
Published 25 Apr, 2005 12:00am

Wapda and Hyundai conflict resolved amicably

Hyundai Engineering and Construction Company Ltd (HECCL), one of the contractors of joint venture for construction of Chashma Power Complex entailing civil works, has suffered a loss of millions of rupees on account of out of court settlement between Wapd
Published 25 Apr, 2005 12:00am

Senate session begins today

The fresh session of Senate set to start from Monday will be a 'litmus test' for ARD's in-house unity in the wake of PML (N) last week announcement of disassociation from the Alliance activities against Pakistan Peoples Party reported inclination towards
Published 25 Apr, 2005 12:00am

Shaukat reviews economic situation

Prime Minister Shaukat Aziz reviewed the economic situation and meeting of the Pakistan Development Forum. The meeting was held under the chairmanship of Prime Minister Shaukat Aziz. Adviser to the Prime Minister on Finance Dr Salman Shah, Minister of Sta
Published 25 Apr, 2005 12:00am

Call for making mother tongue a medium of instruction

The educational experts at a seminar have urged the government to formulate a legislation for making mother tongue a medium of instruction at the primary level, as it would ensure proper mental and intellectual growth of children. The seminar "Child Right
Published 25 Apr, 2005 12:00am

Din Textiles third spinning unit becomes operational

The third spinning unit of Din Textile Mills located at Bypass Raiwind Road some 3.5 kilometers off here became operational. A press release issued here on Sunday said S. M. Naseer, senior director, Din Textile Mills, directors S.M. Tanveer, S.M. Naveed a
Published 25 Apr, 2005 12:00am

Software launched for withholding tax collection

To modernise tax collection system and facilitate taxpayers the Income Tax Department has launched software for withholding tax collection. The software has been prepared under the Tax Management System and the department held a workshop at Income Tax Hou
Published 25 Apr, 2005 12:00am

Dewan Spinning to raise Rs150 million from IPO

Dewan Mushtaq Group, one of the largest and most diversified industrial and trading groups of Pakistan, is going to launch another project in the spinning sector - Dewan Farooq Spinning Mills Ltd, (DFSML) and is planning to sell 150 million rupees of shar
Published 25 Apr, 2005 12:00am

Dewan Spinning to raise Rs150 million from IPO

Dewan Mushtaq Group, one of the largest and most diversified industrial and trading groups of Pakistan, is going to launch another project in the spinning sector - Dewan Farooq Spinning Mills Ltd, (DFSML) and is planning to sell 150 million rupees of shar
Published 25 Apr, 2005 12:00am

'Massive greenery may bring rains twice a month'

"Large-scale tree-plantation in Karachi would not only reduce temperature and environmental pollution but the chances also exist of the city having rains twice a month". District Officer (DO) Horticulture and Training Department (CDGK), Misbahuddin Jamile
Published 25 Apr, 2005 12:00am

Gunny bags shortage: wheat prices down on slow procurement

Following the slow procurement due to malpractice in distribution of empty gunny bags by procurement officials, wheat prices recorded a decline of Rs 30 per 40 kg, quoted at open market at Rs 370 per 40 kg against the state fixed support price of Rs 400 p
Published 25 Apr, 2005 12:00am

PPL and OGDC may announce results today

The profit of the Pakistan Petroleum Limited (PPL) may show an increase of as much as Rs 6.4 billion, while the profit of the Oil and Gas Development Company (OGDCL) likely to witness a jump of nearly 58 percent. Both companies are expected to announce th
Published 25 Apr, 2005 12:00am

PPL and OGDC may announce results today

The profit of the Pakistan Petroleum Limited (PPL) may show an increase of as much as Rs 6.4 billion, while the profit of the Oil and Gas Development Company (OGDCL) likely to witness a jump of nearly 58 percent. Both companies are expected to announce th
Published 25 Apr, 2005 12:00am

Seven outlaws nabbed

Pakistan Rangers in its raids conducted on Saturday in Raees Goth and Yousuf Goth recovered 46,400 liters diesel and 2,000 liters engine oil and arrested seven outlaws involved in the illegal business. The arrested people were identified as Baboo, Ashraf,
Published 25 Apr, 2005 12:00am

Pakistani products fair proposed in Brazil

The Brazilian Supermarkets Association (BSA) has proposed a mini-exhibition of Pakistani products in Brazil for the awareness of Brazilian super markets owners and offered the premises of BSA for holding of this event. The President BSA Omar Ausaf conveye
Published 25 Apr, 2005 12:00am

Soft Drink Industry roundtable discusses taxation

Under the aegis of the SouthAsia Forum a roundtable discussion titled "The Soft Drink Industry - An Overview" was held to take up the taxation issue applied on the Carbonated Soft Drink Industry (CSD) in the Country. The panel conducting the roundtable we
Published 25 Apr, 2005 12:00am

Aaj TV - Monday's programme schedule

All timings are in PST (Pakistan Standard Time).
Published 25 Apr, 2005 12:00am

Leghari for greater Sino-Pak cooperation to promote peace; address at 'Boao Forum for Asia'

Former president Sardar Farooq Ahmed Khan Leghari underlined the need for greater Sino-Pak co-operation to promote regional peace and development. "Pakistan and China need join hands with a particular focus on strengthening mutual co-operation for socio-e
Published 25 Apr, 2005 12:00am

APHC for tripartite talks on Kashmir

In occupied Kashmir, the All Parties Hurriyat Conference (APHC) has emphasised the need for holding tripartite talks to resolve Kashmir issue on durable basis. According to Kashmir Media Service, APHC leaders Maulvi Bashir Ahmad, Mehrajuddin Wani and Faro
Published 25 Apr, 2005 12:00am

Early hearing of plea sought

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with prayer to direct the office to fix his petition against the jail authorities. He had prayed the court to direct jail authorities to arrange meeting o
Published 25 Apr, 2005 12:00am

Fountain House Club formed

With a view to raising funds for the rehabilitation of mentally ill people, Fountain House Club has been established. Addressing the inaugural ceremony of the Club here on Saturday, the advisor to Chief Minister, Dr Faiza Asghar said that mentally ill peo
Published 25 Apr, 2005 12:00am

Qazi rejects Musharraf's Kashmir formula

Muttaheda Majlis-i-Amal (MMA) President and Jamaat-i-Islami (JI) Ameer Qazi Hussain Ahmed has termed General Pervez Musharraf's division of Kashmir formula a U-turn from the Islamabad's principled stance on Kashmir issue and a conspiracy to weaken the fre
Published 25 Apr, 2005 12:00am

Labour Party includes Kashmir in election manifesto

Professor Nazir Ahmad Shawl, Executive Director Kashmir Centre London visited Luton North parliamentary constituency. He was accompanied by the community leaders Mohammad Ghalib, President Tehreek-i- Kashmir UK, Mohammad Sharief, Vice President Tehreek-i-
Published 25 Apr, 2005 12:00am

Wheat harvesting begins in Sialkot district

Wheat harvesting has been started in middle of the current month in Sialkot district. The wheat was sown over 0.4.7 million acres in Daska, Sialkot and Pasrur tehsils of Sialkot district. Official sources told Business Recorder here on Sunday that
Published 25 Apr, 2005 12:00am

Shine like the stars only with Lux

Lux a brand that defines the essence of beauty, a brand which has been the heritage of Stars through time, in this time of constant innovation and evolution keeps on satisfying women across the globe in their quest for true beauty. Lux as a brand knows th
Published 25 Apr, 2005 12:00am

Maaza Pakistan (Pvt) Limited

Maaza Pakistan is a Franchise of Maaza International LLC Dubai. This is a registered trade mark in over 19 counties the world, including South Asia, America, Europe, Meddle east and the Gulf regions.
Published 25 Apr, 2005 12:00am

Zakpak (Pvt) Limited: Profile

Zakpak (Pvt) Limited is an importer and distributor of the cosmetics & Toiletries in Pakistan. In 2001, keeping in view of the consumers demand, Zakpak formally launched Silk Soap 150 gram in 4 new delicated fragrances.
Published 25 Apr, 2005 12:00am

Message from Marketing Manager Maaza Pakistan (Pvt) Limited

It is very heartening to learn that AD CLUB BOMBAY has nominated our TVC of Maaza Mango for 38th ABBY Awards, India. Declared as one of the 6 best TVC send from Pakistan. Although it did not win the award, but offcorse it has won millions heart as "Maaza
Published 25 Apr, 2005 12:00am

Message from Managing Director Synergy Group

It is always a great feeling to come out on top, to be a winner and to have been acknowledged for hard work. I and my team thank the Almighty, our families, clients, friends and well wishers without whom we would have been able to come this far. It is a o
Published 25 Apr, 2005 12:00am

PRL - Proud to be a refiner of first choice

Pakistan Refinery Limited (PRL) was built and commissioned in October 1962 at Karachi in alliance with major foreign oil companies like Burmah Oil California, Texas Oil Corporation, Shell Petroleum Corporation and Esso Standard Eastern Inc. PRL is a hydro
Published 25 Apr, 2005 12:00am

Non Financial Reporting in South East Asia

Reports started emerging from this region in the early 1990s but growth was limited until the late 1990s, when it suddenly became exponential. Three countries were almost entirely responsible for this increase: Australia, Japan and New Zealand. Growth dou
Published 25 Apr, 2005 12:00am

Judges' remarks

The members of the jury met on 19 March 2005 in Lahore to evaluate the reports submitted by the entrants and concluded as follows: At the international level, ACCA gives only one Environmental Reporting Award. However, in Pakistan, with the aim of allowin
Published 25 Apr, 2005 12:00am

Is corporate social responsibility about to make a bigger impact in Pakistan?

A concept which has been barely registering on the boardroom radar screens of most companies in Pakistan is coming into sharper focus. Corporate social responsibility (CSR) has long been the anthem of an ethically minded minority in the business world. It
Published 25 Apr, 2005 12:00am

Global Compact Foundation

The Global Compact Foundation is pleased to be associated with ACCA-WWF initiative on Pakistan Environmental Reporting Awards (PERA). The corporate community has recognised the need to focus on environmental issues and in doing so, play its role as a soci
Published 25 Apr, 2005 12:00am

Message from Chairman Unilever Pakistan

Unilever's mission is to add Vitality for sustainable growth. We do this by engaging in the society we live. Through delighting our consumers with a vast array of premium quality brands, sharing our experiences with our business partners and encouraging e
Published 25 Apr, 2005 12:00am

Message from GM & CEO Pakistan Refinery Limited

It is a matter of great achievement that Pakistan Refinery Limited has emerged as a leading organisation in the field of Environmental Management System by establishing, implementing and improving its strategies. We at PRL are always committed to a busine
Published 25 Apr, 2005 12:00am

Message from Head of ACCA Pakistan

ACCA has been actively involved with the unfolding debate on corporate social and environmental responsibility since 1990. We promote transparency and best practice. We aim to help businesses and organisations realise the growing importance of sustainabil
Published 25 Apr, 2005 12:00am

Message from Director General WWF-Pakistan

Over the years PERA has helped corporate sector in becoming environmentally responsible by reporting environmental management strategies & policies. Also, continual improvement in environmental reporting will help in meeting regulations and other internat
Published 25 Apr, 2005 12:00am

Message from Minister of State for Environment Government of Pakistan

In its pursuit of economic development, Pakistan has not neglected the need to protect the environment and to provide all Pakistan's with a quality living environment. Up until recently, the regulatory approach has been used to implement the various envir
Published 25 Apr, 2005 12:00am

Whither land for landless: Diamal Doulat Ram prevails over Quaid-e-Azam

The Social Development of Pakistan 2004 has taken exception to the neglect of land reforms which is regarded a critical factor in removing rural poverty and ensuring social justice. The annual review prepared by the Social Policy and Development Centre, K
Published 25 Apr, 2005 12:00am

Some proposals for sales tax-I

TAX FRAUDThe Finance Act 2004 introduced an amendment in clause 37 of section 2 of the Sales Tax Act 1990 (the Act) whereby the supply of taxable goods without registration with the department was treated as 'tax fraud' on
Published 25 Apr, 2005 12:00am

China's price control stirs reverse oil smuggling

Truck and mini-van drivers shuttling between Hong Kong and the Chinese border city of Shenzhen are earning extra income from selling a tankful of petrol, or more, bought cheaply on the mainland. They find eager buyers such as lorry driver Ah Man, a mover
Published 25 Apr, 2005 12:00am

My dream

I must have slept recounting the CBMs being undertaken by the Musharraf-Manmohan collaboration in bringing the two perennial adversaries to a crescendo of friendship never seen before, for, I dreamt the sweetest of a dream which I would like to share with
Published 25 Apr, 2005 12:00am

SECP's clarification

This is with reference to the Press report published by the Securities and Exchange Commission of Pakistan (SECP) in your esteemed newspaper on Saturday l6 April 2005 regarding the imposition of penalty due to the non-submission/late submission of quarter
Published 25 Apr, 2005 12:00am

Seoul blood bank freezes assets for breakthrough cell therapy

Han Hoon, a stem cell therapy pioneer, sweeps back his arm to show off rows of storage tanks that fill the basement of his office building in South Korea's capital. "Awesome, isn't it," says Han of the 42 gleaming cylinders each measuring 1.5 meters high
Published 25 Apr, 2005 12:00am

Professional competence missing in the exchanges

A very significant announcement regarding our Capital Markets that was published by this paper last week may have escaped notice of many market watchers. After a lapse of 33 years, apparently, the Government has decided to allow "Hedge Trading" in cotton
Published 25 Apr, 2005 12:00am

Mob killing in Nowshera

In a chilling incident in a village near Nowshera on Wednesday, a frenzied mob killed a man whom his wife had had accused of desecrating the Holy Quran. According to details, the man and his wife had a quarrel, and, according to her account, she had broug
Published 25 Apr, 2005 12:00am

It takes two to tango

It is indeed sad that we have made a habit of knee jerk reaction and action is only taken when things start colliding head on in any sphere. The capital market had already lost 40 percent as a result of over-leveraging in March Futures Contracts. It was s
Published 25 Apr, 2005 12:00am

22,800 cotton bales reduced to ashes

About 22,800 bales of cotton worth million of rupees burnt to ashes when fire erupted in the store of Trading Corporation of Pakistan (TCP) at Jamal Din Wali road about 15 kilometers away from R Y Khan on Saturday night. The cause of the fire could not be
Published 25 Apr, 2005 12:00am

Cleanliness drive in Lahore from today

Solid Waste Management Department of the City district government of Lahore is launching a grand cleanliness operation in the provincial metropolis from Monday An extra effort would be made to clear the solid waste during the operation, which would contin
Published 25 Apr, 2005 12:00am

Small power stations Punjab to conduct feasibility study

The Punjab government in collaboration with Asian Development Bank will conduct a feasibility study for setting up small power generating stations to meet the electricity requirement. Chairman Punjab Assembly Standing Committee for Power and Irrigation, S
Published 25 Apr, 2005 12:00am

International Islamic economic, cultural moot begins today

A two-day International Islamic Economic and Cultural conference will commence here from April 25, in which renowned economists from Muslim countries will participate. The conference being organised under the auspices of Islamic Chamber of Commerce and In
Published 25 Apr, 2005 12:00am

Powerloom owners threaten protest

Powerloom owners have threatened that if the gradually increasing prices of yarn especially in polyester counts were not controlled effectively, and speculations over the yarn were not stopped immediately, they would be constrained to launch protest after
Published 25 Apr, 2005 12:00am

PPP delegations meet Zardari

Pakistan Peoples Party delegations from Multan and Faisalabad divisions, led by its presidents, Malik Ahmed Hasan (Multan) and Raja Riaz (Faisalabad) met PPP leader Asif Ali Zardari at Bilawal House -2, on Sunday. The PPP delegations discussed administrat
Published 25 Apr, 2005 12:00am

CBR invites proposals from RCITs on NTN

The Central Board of Revenue (CBR) authorities have invited suggestions from all regional commissioners of income tax (RCITs) regarding issuance of national tax numbers (NTNs) to those taxpayers, who have not obtained their computerised national identity
Published 25 Apr, 2005 12:00am

Epson Singapore managing director coming soon

Epson Singapore (Pvt) Limited Managing Director Hiromi Taba is visiting Pakistan to interact with the channel, corporate partner, and the ABM Data Systems (Pvt) Limited, which is the authorised Epson distributor in Pakistan. Hiromi Taba, who is now the ma
Published 25 Apr, 2005 12:00am

Response to TCP cotton tenders not encouraging

Final cotton production figures of this season have been placed at 14.37 million running bales. New crop planting is progressing well in Lower Sindh under conducive weather conditions, supply of adequate irrigation water, availability of inputs such as se
Published 25 Apr, 2005 12:00am

Response to TCP cotton tenders not encouraging

Final cotton production figures of this season have been placed at 14.37 million running bales. New crop planting is progressing well in Lower Sindh under conducive weather conditions, supply of adequate irrigation water, availability of inputs such as se
Published 25 Apr, 2005 12:00am

PC-I prepared to construct road to Indian border

The Sindh government has prepared PC-I for construction of road from Jhallo Jo Chaunro to Khokhrapar (up to the border with India) at a cost of Rs 344.841 million. The PC-I is in pursuance of meetings held last year regarding opening of Khokhrapar-Munabao
Published 25 Apr, 2005 12:00am

More Madadgar centres being planned: Sindh IGP

Inspector General Police Sindh, Asad Jehangir informed business community that police department is planning to open more Madadgar Centres in the city. Speaking at a meeting of Site Association of Industry (SAI), he advised business community to come forw
Published 25 Apr, 2005 12:00am

Just a few changes noted in grain, seeds prices

Slight variations were marked in certain commodities while most others showed no change during the week ended on April 23, 2005 traders said. The commodities underwent variations were gur, Irri, Bajra and barley, raw rubber, Kirana items and plastic mould
Published 25 Apr, 2005 12:00am

'Chinese firms to be provided facilities to run CNG buses'

The Chinese companies would be provided many facilities along with exemption of import duty to run CNG buses in Karachi on BOT basis. This was stated by the Karachi City Nazim Naimatullah Khan while speaking at an inaugural ceremony of the Euro II and Eur
Published 25 Apr, 2005 12:00am

Heroin seized

Anti Narcotics Force (ANF) in a successful raid seized a large quantity of narcotics, arms, mobile phones, scanners etc near Turbat on Sunday. According to details, on an information the ANF raided house of a notorious gangster Abdul Rasool in Rod Bun are
Published 25 Apr, 2005 12:00am

BIEK workshop opens: call for quality education to improve human resources

Sindh Information Technology (IT) Minister Syed Mustafa Kamal on Sunday said that provision of quality education is vital to improving human resources of the country. Speaking at the inaugural session of the Workshop on "Inspection & Monitoring Skills in
Published 25 Apr, 2005 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 27

278.95

USD PKR Interbank Buying / Jan 27

278.80

USD to Japanese Yen / Jan 27

154.64

USD to Swiss Franc / Jan 27

0.90

Pound Sterling to USD / Jan 27

1.25

Euro to USD / Jan 27

1.05

Stock Volume

S&P 500 / Jan 24

6,101.24

Nasdaq / Jan 24

19,954.30

Dow Jones / Jan 24

44,424.25

India Sensex / Jan 27

75,346.55

Tokyo Nikkei / Jan 27

39,565.80

Hang Seng / Jan 27

20,197.77

FTSE 100 / Jan 27

8,485.58

Germany DAX 30 / Jan 27

21,124.29

Item Value

Karachi Cotton PKR/37.32 KG / Jan 24

18,485

Gold 10 Grams PKR / Jan 24

248,285

Crude Oil USD/Barrel / Jan 27

74.82

Gold Spot USD/Ounce / Jan 27

2,763.59

Cotton US¢/pound / Jan 27

67.70

Petrol/Litre / Jan 28

256.13

Gainers
Losers
Leaders

Stock Price

Chenab Ltd (Pref) / Jan 27

Chenab Limited (Pref)(CLCPS)

3.93

▲ 0.49 (14.24%)

Chenab Ltd / Jan 27

Chenab Limited(CHBL)

8.57

▲ 1 (13.21%)

B. F. Mod. / Jan 27

B.F. Modaraba(BFMOD)

8.39

▲ 0.89 (11.87%)

Sanghar Sugar / Jan 27

Sanghar Sugar Mills Limited(SANSM)

25.36

▲ 2.31 (10.02%)

Leather Up Ltd. / Jan 27

Leather Up Limited(LEUL)

36.70

▲ 3.34 (10.01%)

Shahtaj Sugar / Jan 27

Shahtaj Sugar Mills Limited(SHJS)

113.69

▲ 10.34 (10%)

At-Tahur Ltd. / Jan 27

At-Tahur Limited(PREMA)

25.85

▲ 2.35 (10%)

Archroma Pak / Jan 27

Archroma Pakistan Limited(ARPL)

478.56

▲ 43.51 (10%)

Saritow Spinning / Jan 27

Saritow Spinning Mills Limited(SSML)

12.24

▲ 1.11 (9.97%)

Stock Price

LSE Financial Serv. / Jan 27

LSE Financial Services Limited(LSEFSL)

17.52

▼ -1.95 (-10.02%)

Sui South Gas / Jan 27

Sui Southern Gas Company Limited(SSGC)

39.53

▼ -4.39 (-10%)

Hussain Industries / Jan 27

Husein Industries Limited(HUSI)

28.50

▼ -3.14 (-9.92%)

Arctic Textile / Jan 27

Arctic Textile Mills Limited(ARCTM)

18.90

▼ -2.08 (-9.91%)

Apna Microfin. / Jan 27

Apna Microfinance Bank Limited(AMBL)

10.09

▼ -1.1 (-9.83%)

National Silk / Jan 27

The National Silk & Rayon Mills Limited(NSRM)

50

▼ -5.44 (-9.81%)

Gammon Pak / Jan 27

Gammon Pakistan Limited(GAMON)

38

▼ -4.04 (-9.61%)

Unicap Modaraba / Jan 27

Unicap Modaraba(UCAPM)

2.57

▼ -0.27 (-9.51%)

Synthetic Prod / Jan 27

Synthetic Products Enterprises Limited(SPEL)

41

▼ -4.06 (-9.01%)

Stock Volume

Cnergyico PK / Jan 27

Cnergyico PK Limited(CNERGY)

61,454,571

▼ -0.13

Sui South Gas / Jan 27

Sui Southern Gas Company Limited(SSGC)

57,677,562

▼ -4.39

WorldCall Telecom / Jan 27

Worldcall Telecom Limited(WTL)

33,767,457

▼ -0.06

The Searle Co. / Jan 27

The Searle Company Limited(SEARL)

26,713,969

▼ -5.54

Pak Elektron / Jan 27

Pak Elektron Limited(PAEL)

22,757,545

▲ 0.67

Fauji Cement / Jan 27

Fauji Cement Company Limited(FCCL)

20,797,108

▼ -0.46

Citi Pharma Ltd / Jan 27

Citi Pharma Ltd.(CPHL)

18,489,077

▼ -6.73

P.T.C.L. / Jan 27

Pakistan Telecommunication Company Ltd(PTC)

18,264,183

▲ 0.82

Ghani Chem. Ind. / Jan 27

Ghani Chemical Industries Limited(GCIL)

17,202,553

▲ 0.67

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