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Print - 2005-04-28
LCCI to help World Bank improve infrastructure

LCCI to help World Bank improve infrastructure

The Lahore Chamber of Commerce and Industry (LCCI) would extend all-out help to the World Bank (WB) for bringing improvement in infrastructure facilities in Pakistan. The LCCI President Mian Misbahur Rehman gave the assurance while talking to a five-membe
Published 28 Apr, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
Call to modernise coastal and deep-sea fisheries

Call to modernise coastal and deep-sea fisheries

Scientists and fisheries experts have proposed the government to modernise coastal and deep-sea fisheries through provision of improved harvesting and post-harvesting facilities like cold storage and modern markets for fish and fish products. They floated
Published 28 Apr, 2005 12:00am
Punjab home department served notice for PPP workers recovery

Punjab home department served notice for PPP workers recovery

The Lahore High Court (LHC) has issued notice to the Punjab Home Department in a petition filed for the recovery of PPPP workers. The petitioner, one of the relatives of arrested workers, contended that the respondent police officials arrested them illega
Published 28 Apr, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
Strategy for agriculture sector updated

Strategy for agriculture sector updated

The federal government has updated the strategy for agriculture sector to promote production and export of high valued crops during the next five years. The government will also enhance productivity of crops through development of new technologies in farm
Published 28 Apr, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (April 27) and for Thursday (April 28, 2005).
Published 28 Apr, 2005 12:00am
FPCCI managing committee meets on April 30

FPCCI managing committee meets on April 30

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Iftikhar Ali Malik will present a report regarding construction of FPCCI buildings in Karachi and Islamabad at a meeting of Managing Committee of the Federation schedule
Published 28 Apr, 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, April 28, 2005.
Published 28 Apr, 2005 12:00am
Wasa fails to provide potable water to Multan

Wasa fails to provide potable water to Multan

More than 1.2 million people of 50 union councils of Multan city are facing threat to their health due to non-availability of potable water and inadequate sewerage system. Entire sewerage system has been collapsed resultantly spreading hepatitis B, C and
Published 28 Apr, 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, April 28, 2005.
Published 28 Apr, 2005 12:00am
Former minister's home raided

Former minister's home raided

Heavy police contingent barged into the residence of former federal minister Malik Mukhtar Ahmed Awan on Wednesday morning to arrest his son Gulrez Awan. Reportedly, raiding police party searched the entire building, remained there for two hours and humil
Published 28 Apr, 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, April 28, 2005.
Published 28 Apr, 2005 12:00am
Jashn-e-Sarhad exhibition stayed

Jashn-e-Sarhad exhibition stayed

A local court here on Wednesday issued a stay order on a petition of Sarhad Chamber of Commerce & Industry (SCCI) against the holding of industrial exhibition in the name of Jashn-e-Sarhad at Qayyum Stadium, Peshawar Cantt. The court, through the order of
Published 28 Apr, 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 (April 27, 2005).

Published 28 Apr, 2005 12:00am
Smeda for adopting modern mining techniques

Smeda for adopting modern mining techniques

Small & Medium Entrepreneurs Development Authority (Smeda) has stressed on bringing improvement in gems-cutting industry and called for utilisation of modern mining techniques for quality production. The call was made during a one-day training workshop on
Published 28 Apr, 2005 12:00am
Performance of Mutual Funds lauded

Performance of Mutual Funds lauded

The performance of mutual funds was lauded and excellence awards were given to entities ranging from small cap funds to state-owned unit and also the companies belonging to private sector, with Mutual Fund Association assuring more awareness among small i
Published 28 Apr, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
Performance of Mutual Funds lauded

Performance of Mutual Funds lauded

The performance of mutual funds was lauded and excellence awards were given to entities ranging from small cap funds to state-owned unit and also the companies belonging to private sector, with Mutual Fund Association assuring more awareness among small i
Published 28 Apr, 2005 12:00am
NAB seminar on "corruption in business sector"

NAB seminar on "corruption in business sector"

National Accountability Bureau (NAB) will hold a seminar on "corruption in business sector" at Corps 5 auditorium on Thursday. According to an announcement here on Wednesday, Chairman NAB, Lieutenant General Munir Hafiez will sum up the concluding session
Published 28 Apr, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
CPNE standing committee meeting on May 3

CPNE standing committee meeting on May 3

Secretary General Council of Pakistan Newspaper Editors (CPNE) Dr Jabbar Khattak on Wednesday said meeting of CPNE Standing Committee will be held on Tuesday, May 3, 2005 at 10:30am in Hotel Avari Lahore. Meeting will be presided over by CPNE President Ar
Published 28 Apr, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
Ship agents seek waiver of 15 percent CED on commission

Ship agents seek waiver of 15 percent CED on commission

The ship agents have urged the government to withdraw 15 percent Central Excise Duty (CED) on the commission earned by them. Founder Chairman of All Pakistan Shipping Association (APSA) Farrukh Qaisar in a fax to Prime Minister Shaukat Aziz said that ship
Published 28 Apr, 2005 12:00am
Ship agents seek waiver of 15 percent CED on commission

Ship agents seek waiver of 15 percent CED on commission

The ship agents have urged the government to withdraw 15 percent Central Excise Duty (CED) on the commission earned by them. Founder Chairman of All Pakistan Shipping Association (APSA) Farrukh Qaisar in a fax to Prime Minister Shaukat Aziz said that ship
Published 28 Apr, 2005 12:00am
Changes in futures market rules: KSE may send proposals to SECP soon

Changes in futures market rules: KSE may send proposals to SECP soon

The Karachi Stock Exchange (KSE) is likely to send some proposals to the Securities and Exchange Commission of Pakistan (SECP) soon to relax some of the rules pertaining to futures market, which would help in reviving the confidence of the stock-brokers a
Published 28 Apr, 2005 12:00am
THE RUPEE: stable trend in currency market

THE RUPEE: stable trend in currency market

Despite rising demand for dollars in the interbank market on Wednesday, the rupee did not show big change versus the dollar at Rs 59.45 and Rs 59.46 for buying and selling, respectively, money experts said. They said that importers' demand for dollars for
Published 28 Apr, 2005 12:00am
Sindh IT ministry eyeing US-based BPOs: minister

Sindh IT ministry eyeing US-based BPOs: minister

The Sindh Information Technology Ministry is eyeing to grab business process out-sourcing (BPOs) from the US-based companies that currently stretches to $50 billion on the international market. The ministry has sought expertise of a Washington-based pione
Published 28 Apr, 2005 12:00am
THE RUPEE: stable trend in currency market

THE RUPEE: stable trend in currency market

Despite rising demand for dollars in the interbank market on Wednesday, the rupee did not show big change versus the dollar at Rs 59.45 and Rs 59.46 for buying and selling, respectively, money experts said. They said that importers' demand for dollars for
Published 28 Apr, 2005 12:00am
Maersk to acquire ZRG call center solution

Maersk to acquire ZRG call center solution

Maersk Pakistan Limited, a leading international transportation and shipping company, has opted for ZRG International to provide a next generation 'Call Center Solution' for its customer services. The spokespersons of ZRG International told Business Re
Published 28 Apr, 2005 12:00am
TCP to float tender for urea import

TCP to float tender for urea import

Trading Corporation of Pakistan (TCP) following the instructions of Economic Co-ordination Committee (ECC) will float a tender for the import of urea by end of this week. A TCP official Wednesday said that the chairman who was in Islamabad to attend MINFA
Published 28 Apr, 2005 12:00am
Habib Bank's indiscriminate postings to far off places criticised

Habib Bank's indiscriminate postings to far off places criticised

A central leader of People's Labour Bureau Pakistan, Habibuddin Junaidee, on Wednesday said that indiscriminate transfers and postings of officers of Habib Bank were aimed at harassing the staff and creating circumstances leading to their resignation or a
Published 28 Apr, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
Dacoits kill goldsmith over resistance

Dacoits kill goldsmith over resistance

A goldsmith was killed and his cousin injured when unidentified bandits snatched Rs 5.5 million and jewellery from them and over a bid of resistance the criminals opened fires. According to details, a goldsmith Imtiaz, 50, resident of Kabir Wala, along wi
Published 28 Apr, 2005 12:00am
Kiln workers protest against police

Kiln workers protest against police

Scores of kiln workers with their family members took out a protest procession against fake police encounter in which two kiln-workers were killed. The protestors marched on Circular Road, Rail Bazar, Kutchery Bazar, Clock Tower Chowk carrying dead bodies
Published 28 Apr, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 28 Apr, 2005 12:00am
Ghauri calls on Prime Minister

Ghauri calls on Prime Minister

Prime Minister Shaukat Aziz has stressed on the need for accelerated pace of development projects in the country to upgrade living standard of common man. He was talking to the Minister for Ports and Shipping Babar Khan Ghauri who called on him at the Pri
Published 28 Apr, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Apr, 2005 12:00am
Pakistan and US discuss clean water, environmental issues

Pakistan and US discuss clean water, environmental issues

Pakistan and the United States on Tuesday discussed environmental issues, including clean water, air and fuel, sources said. The matter came up under discussion at a meeting. Federal Minister for Environment, Tahir Iqbal Khan, now on a brief visit to Wash
Published 28 Apr, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 28 Apr, 2005 12:00am
Communication gap with government mounting: PSMA

Communication gap with government mounting: PSMA

The Pakistan Sugar Mills Association (PSMA) has said the widening communication gap between the government and the sugar industry is escalating misunderstanding on either side with every passing day. In a press statement here on Wednesday, a spokesman of
Published 28 Apr, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Apr, 2005 12:00am
Rashid and Ishrat condole with CBR chief

Rashid and Ishrat condole with CBR chief

Federal Information and Broadcasting Minister Sheikh Rashid Ahmed has expressed heart-felt condolences on the demise of mother of CBR Chairman Mohammad Abdullah Yusuf. Sheikh Rashid Ahmed on Thursday visited the Central Board of Revenue and met the CBR ch
Published 28 Apr, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Apr, 2005 12:00am
Prime Minister suicide attack case: statement of witness recorded

Prime Minister suicide attack case: statement of witness recorded

The Anti Terrorist Court (ATC) Rawalpindi has recorded statement of a witness in Shaukat Aziz suicide attack case on Wednesday and adjourned hearing till April 30. Judge of the ATC-2, Safder Hussain Malik, while starting the proceedings of the case record
Published 28 Apr, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (April 27, 2005).

Published 28 Apr, 2005 12:00am
No major tourism project included in PSDP 2005-06

No major tourism project included in PSDP 2005-06

Contrary to its tall claims for developing tourism industry in Pakistan the finance division has not included any major project in the Public Sector Development Programmes (PSDP) for 2005-06. Business Recorder learnt here on Wednesday that in the r
Published 28 Apr, 2005 12:00am
PML-N rejects economic turnaround claims

PML-N rejects economic turnaround claims

The Pakistan Muslim League (Nawaz) on Wednesday rejected the government's claims of economic prosperity, alleging the living standard of the common man had deteriorated instead. Through resolutions, after the Central Executive Committee of the PML(N) met
Published 28 Apr, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Apr, 2005 12:00am
Zardari demands free and fair polls in 2005

Zardari demands free and fair polls in 2005

Asking military to go back to barracks, Asif Ali Zardari, the spouse of self exiled former premier Benazir Bhutto has demanded of the government to hold 'free and fair' parliamentary elections in the current year. Zardari, who is also former senator not o
Published 28 Apr, 2005 12:00am
Musharraf has no intention to quit power in 2007: Imran

Musharraf has no intention to quit power in 2007: Imran

Pakistan Tahreek-e-Insaf (PTI) Chief Imran Khan has said that dictators can not be reformers of society as their interest inherently clash with a democratic society that rest on credible institutions. Reacting on President General Musharraf's statement to
Published 28 Apr, 2005 12:00am
Telenor takes a big stride

Telenor takes a big stride

The Norwegian mobile phone transnational, Telenor, has claimed that in the first quarter of this year it has taken a big stride and covered 32 million of Pakistan population with 343,000 subscribers. The cellphone service provider was launched here on Mar
Published 28 Apr, 2005 12:00am
22 kg heroin worth $2.2 million seized

22 kg heroin worth $2.2 million seized

The Collectorate of Customs, Preventive, on Tuesday night at the Karachi Port recovered 22 kg heroin, valued at about $2.2 million in the international market, and booked for investigation the unknown Peshawar-based exporter of wooden furniture. A press r
Published 28 Apr, 2005 12:00am
Two Jaish militants held with explosives

Two Jaish militants held with explosives

Police have arrested two militants from the banned group Jaish-e-Mohammad in a raid here, police said on Wednesday. Mohammad Yunus and Nafees Ahmed were arrested late on Tuesday at a house in Orangi as they were making bombs, chief police investigator Man
Published 28 Apr, 2005 12:00am
AKU's help sought to improve school education in Punjab

AKU's help sought to improve school education in Punjab

Punjab Education Minister Mian Imran Masood has asked the Aga Khan University Institute for Educational Development to provide technical assistance for professional development of teachers for improving school education in the Punjab. During his visit to
Published 28 Apr, 2005 12:00am
Slic secures Rs 478 million premium in first quarter

Slic secures Rs 478 million premium in first quarter

The State Life Insurance Corporation (Slic) has successfully secured Rs 478 million as first year premium (new business) by providing financial protection to more than 47,615 new policyholders and their families nation-wide, thus showing an increase of 24
Published 28 Apr, 2005 12:00am
Slic secures Rs 478 million premium in first quarter

Slic secures Rs 478 million premium in first quarter

The State Life Insurance Corporation (Slic) has successfully secured Rs 478 million as first year premium (new business) by providing financial protection to more than 47,615 new policyholders and their families nation-wide, thus showing an increase of 24
Published 28 Apr, 2005 12:00am
Musharraf chairs Army selection board

Musharraf chairs Army selection board

The Selection Board for promotion of officers from lieutenant colonel to colonel/brigadier commenced at the General Headquarters here on Wednesday. President General Pervez Musharraf chaired the board. On special invitation, Prime Minister Shaukat Aziz al
Published 28 Apr, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (April 28, 2005).

Published 28 Apr, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (April 28, 2005).

Published 28 Apr, 2005 12:00am
PVMA resents tax disparities

PVMA resents tax disparities

Pakistan Vanaspati Manufacturers Association (PVMA) has demanded removal of anomaly in taxes between Fata/Pata and settled area ghee industries. In its budgetary proposals, PVMA said the vegetable ghee/cooking oil units in the Federally Administered Triba
Published 28 Apr, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (April 28, 2005).

Published 28 Apr, 2005 12:00am
PVMA resents tax disparities

PVMA resents tax disparities

Pakistan Vanaspati Manufacturers Association (PVMA) has demanded removal of anomaly in taxes between Fata/Pata and settled area ghee industries. In its budgetary proposals, PVMA said the vegetable ghee/cooking oil units in the Federally Administered Triba
Published 28 Apr, 2005 12:00am
Government urged to bring down cost of doing business

Government urged to bring down cost of doing business

Vice President Federation of Pakistan Chambers of Commerce and Industry, Zubair Ahmad Malik and other representatives of the business community have called upon the government to bring down the cost of doing business in order to make Pakistani products co
Published 28 Apr, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Given the intensity of senators' struggle to catch the Chairman's eye to get the floor to ventilate their individual and collective concerns it appears necessary that they should meet more often and for longer hours. On Wednesday morning too almost every
Published 28 Apr, 2005 12:00am
Senate discusses price hike

Senate discusses price hike

The opposition in the Senate on Wednesday feared the reversal of macro-economic indicators derived stability from post 9/11 scenario, if the government could not come out with a tangible set of measures to control what it termed skyrocketing inflation tou
Published 28 Apr, 2005 12:00am
Provinces fail to reach consensus on Sixth NFC Award

Provinces fail to reach consensus on Sixth NFC Award

The provinces have literally missed the opportunity of getting more share from the divisible pool as they could not reach any consensus for distribution of resources in the sixth NFC Award. The policy-makers here believe that hardly any time is left now f
Published 28 Apr, 2005 12:00am
Protest lodged with EU on scrapping talks over Sami

Protest lodged with EU on scrapping talks over Sami

Pakistan assailed the EU on Wednesday over the European Parliament's decision to cancel talks with a delegation of Pakistani lawmakers because one was a pro-Taleban cleric. "I ... today lodged a strong protest with the EU presidency on the treatment meted
Published 28 Apr, 2005 12:00am
Speedy sales tax refund: 500 exporters listed under Streams software

Speedy sales tax refund: 500 exporters listed under Streams software

The Central Board of Revenue (CBR) has decided to notify the names of 300 large-scale companies and textile units of Sialkot and Multan for speedy payment of sales tax refund to the exporters through a new software package named as 'Streams'. At present,
Published 28 Apr, 2005 12:00am
Mobilink has biggest slice of cell cake

Mobilink has biggest slice of cell cake

While the new entrant, Telenor of Norway, cut a slice of 3.5 percent of the cell market cake in its first 17 days of operation, the Mobilink still holds 61.3 percent of total mobile phone subscribers. The total market is shared between the Telenor, Insta,
Published 28 Apr, 2005 12:00am
'Kashmir solution key issue for major powers'

'Kashmir solution key issue for major powers'

Information and Broadcasting Minister Sheikh Rashid has said that major world powers, including the US, are considering settlement of Kashmir dispute as a key issue. He said it is a very crucial time, as most of the world powers were keen to see a solutio
Published 28 Apr, 2005 12:00am