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Print - 2005-05-02
NFC: a study in federal highhandedness

NFC: a study in federal highhandedness

There is something fundamentally wrong with Pakistan's constitutional structure of distribution of taxing powers between the federation and the federating units. The Centre has always usurped the right of the provinces to levy tax on goods and services wi
Published 02 May, 2005 12:00am
Improving worker skills

Improving worker skills

Minister of State for Finance Umar Ayub Khan said last Thursday that Prime Minister Shaukat Aziz would soon announce a new vocational training and skill enhancement programme. This, of course, is reflective of the realisation that human resource developme
Published 02 May, 2005 12:00am
PDF approbation and concern

PDF approbation and concern

During the customary annual two-day conference of Pakistan Development Forum held in Islamabad, multilateral and bilateral donors reaffirmed their pledge to assist Pakistan in achieving the Millennium Development Goals (MDGs). There are a total of eight r
Published 02 May, 2005 12:00am
Two murdered in separate incidents

Two murdered in separate incidents

Two persons were killed in separate incidents here on Sunday. In the first incident, two dacoits deprived Haji Mushtaq Ahmed of his motorbike near Lower Doab, Chak 16/B-8 and later shot him dead when he put up resistance. He was a resident of Chak 15/127.
Published 02 May, 2005 12:00am
IT programme initiated in three big cities

IT programme initiated in three big cities

The State Minister for Information Technology and Telecommunications, Ali Asjad Malhi, has said that a special youth training programme has been initiated in Karachi, Lahore, and Islamabad for producing a large number of skilled and trained force in the f
Published 02 May, 2005 12:00am
BRB bridge project approved

BRB bridge project approved

State Minister for Information Technology and Telecommunication Ali Asjad Malhi has said that Prime Minister Shaukat Aziz had approved the project of widening of BRB canal bridge and work on this project would be carried out in near future. Addressing a p
Published 02 May, 2005 12:00am
Government accused of pursuing anti-workers policies

Government accused of pursuing anti-workers policies

Punjab PML-N President Sardar Zulfiqar Khan Khosa has said the present government has completely failed in providing relief to common man and resolving the problems of industrial workers and agricultural labourers. Addressing a seminar, organised by the P
Published 02 May, 2005 12:00am
Distinction

Distinction

Natasha Khan d/o Ibrar Khan, a student of class 5th at OPF girls college stood first in annual examination by getting 93 percent marks. Being an active member of co-curricular activities, she has also won a number of awards/certificates.
Published 02 May, 2005 12:00am
Rashid and Akram discuss various issues

Rashid and Akram discuss various issues

Federal Information and Broadcasting Minister Sheikh Rashid Ahmed here on Sunday called on NWFP Chief Minister Akram Khan Durrani and discussed issues of mutual interests. Both leaders agreed that peace process between Pakistan and India should continue f
Published 02 May, 2005 12:00am
Japanese premier leaves

Japanese premier leaves

Japanese Prime Minister Junichiro Koizumi left here for Luxembourg on Sunday morning after completing two-day visit to Pakistan. He was seen off at the airport by Federal Minister for Sports, Culture and Youth Affairs Mohammad Ajmad Khan, Japanese Ambassa
Published 02 May, 2005 12:00am
People complain of substandard stuff at Food Park

People complain of substandard stuff at Food Park

Food Park in the heart of the capital, which opened couple of years ago with much fanfare, is gradually losing its customers because of substandard food and unhygienic conditions. Food prices have registered a sharp increase over the last few months while
Published 02 May, 2005 12:00am
Drive initiated against vehicles without permits

Drive initiated against vehicles without permits

Regional Transport Authority (RTA) Rawai has decided to start an operation against those Public Transport vehicles that were running on the route without route-permit and fitness. Crackdown was being starting against buses, wagons, suzuke, taxis today (Mo
Published 02 May, 2005 12:00am
Meeting environment challenges - an uphill task

Meeting environment challenges - an uphill task

Cleaner environment has emerged as an uphill task during the last few years owing to population increase and depleting resources. The governments, international organisations and the community have been doing their bit to cope with the situation. But, des
Published 02 May, 2005 12:00am
District government focusing on girls education: Nazim

District government focusing on girls education: Nazim

The district government is focusing special attention to facilitate the girl students and equip them with modern education. This was stated by District Nazim Mohammad Humair Hayat Khan Rokhari while inaugurating the new building of Govt Girls Secondary Sc
Published 02 May, 2005 12:00am
Record development popularises PML in Balochistan

Record development popularises PML in Balochistan

Pakistan Muslim League has up-beaten nationalist groups specially in lower Balochistan i.e. Bela and Mekran districts, Jewani, Turbat, Awaran, Panjgur, and people were largely turning to PML, which is the creator and now builder of Pakistan. Ashraf Iqbal
Published 02 May, 2005 12:00am
NGO formed to help poor

NGO formed to help poor

A non-governmental organisation, The Helper, Voice of Pakistan, has been established with the mission to develop a progressive and moderate Pakistan, and help the deserving Pakistanis in their hour of need. Tariff Badaruddin Bandey, president and patron-i
Published 02 May, 2005 12:00am
LHC benches

LHC benches

As many as 12 division benches and 25 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday (May 2, 2005). According to a notification, division benches are headed by Chief Justice Iftikhar Hussai
Published 02 May, 2005 12:00am
2,100kg charas seized: three held

2,100kg charas seized: three held

Karachi Police on Sunday thwarted an attempt of smuggling huge quantity of charas and arrested three persons along with two tonnes of contraband from a tanker in the jurisdiction of Jackson Police Station. Earlier, a tip-off was received by TPO Saddar Tow
Published 02 May, 2005 12:00am
Shaukat and Shujaat discuss political situation

Shaukat and Shujaat discuss political situation

Prime Minister Shaukat Aziz and the PML President Chaudhry Shujaat Hussain, who met at the Prime Minister's House on Sunday, discussed the political situation and the legislative agenda for the forthcoming session of the parliament apart from the party ma
Published 02 May, 2005 12:00am
ABN AMRO and Telenor sign accord

ABN AMRO and Telenor sign accord

The ABN AMRO Bank and the Telenor Pakistan signed an agreement marking the commencement of a new campaign for ABN AMRO Future Perfect Credit Card customers at a ceremony held in Islamabad. The campaign not only offers Telenor connections at special discou
Published 02 May, 2005 12:00am
Hurriyat should change its behaviour: Rashid

Hurriyat should change its behaviour: Rashid

Sheikh Rashid Ahmed Federal Minister for Information and Broadcasting has said that Pakistan would never withdraw from its righteous and oldest stance on Kashmir issue and always provide moral, political and diplomatic support of Kashmiri people on all le
Published 02 May, 2005 12:00am
Allocated amount can't meet fire-fighting demand of CDA

Allocated amount can't meet fire-fighting demand of CDA

The fire fighting department of Capital Development Authority (CDA) would not be able to get the required 35 fire engines, equipment and could not recruit the required staff within the allocated amount of Rs 295 million during the current fiscal, sources
Published 02 May, 2005 12:00am
Bank of Khyber to set up brokerage house and exchange company

Bank of Khyber to set up brokerage house and exchange company

The Bank of Khyber (BoK) is going to establish a brokerage house, an exchange company, and housing subsidiary during the current calendar year. The objective behind it is to construct residential townships, and handed them over to people according to the
Published 02 May, 2005 12:00am
Bank of Khyber to set up brokerage house and exchange company

Bank of Khyber to set up brokerage house and exchange company

The Bank of Khyber (BoK) is going to establish a brokerage house, an exchange company, and housing subsidiary during the current calendar year. The objective behind it is to construct residential townships, and handed them over to people according to the
Published 02 May, 2005 12:00am
MPOPC donates Rs 1 million to WFP

MPOPC donates Rs 1 million to WFP

.A small check handing over ceremony, jointly organised by the World Food Programme (WFP) and Malaysian Palm Oil Promotion Council (MPOPC), was held here on Saturday with the purpose to raise funds for the WFP's Education programme in Pakistan, statement
Published 02 May, 2005 12:00am
Supreme Court accepts Rehmania Textile litigants agreement

Supreme Court accepts Rehmania Textile litigants agreement

A Division Bench of Supreme Court has accepted the agreement between the CEO and two major shareholders of the Rehmania Textile Mills, of Faisalabad, and thus allowed the disposal of litigation between them accordingly. The acceptance of the agreement was
Published 02 May, 2005 12:00am
Historic struggle for workers rights commemorated

Historic struggle for workers rights commemorated

International Labour Day was observed on Sunday all over the country to pay homage to the martyrs of Chicago, who laid down their lives struggling for the dignity of working class and protesting against curses of capitalism. May 1 (International Labour's
Published 02 May, 2005 12:00am
PPP accused of weakening oppositions' unity

PPP accused of weakening oppositions' unity

Muttahida Majlis-i-Amal (MMA) on Sunday accused Pakistan Peoples Party of creating hurdles in opposition's joint struggle for the restoration of democracy and 1973 Constitution. "PPP is playing in the hands of the government and weakening the opposition's
Published 02 May, 2005 12:00am
Labourers urged to prefer talks over violence

Labourers urged to prefer talks over violence

Federal Minister for Information and Media Development, Sheikh Rashid Ahmad on Sunday urged upon the labour community to adopt the process of negotiations instead of violence for the solution of their problems. Addressing a ceremony held in connections wi
Published 02 May, 2005 12:00am
Supreme Court benches

Supreme Court benches

Most of the cases assigned to six benches constituted by Chief Justice Nazim Hussain Siddiqui for the week relate to assessment of various taxes. The appellants are major industrial houses, including pharmaceutics manufacturers and a few other companies l
Published 02 May, 2005 12:00am
Farmers body concerned over military action

Farmers body concerned over military action

The Anjuman Mazarain Punjab (AMP) has expressed deep concern over the military action against the peaceful protest of tenants in Okara, as a result of which three persons were injured. Speaking at a press conference here on Saturday, AMP chairman Liaquat
Published 02 May, 2005 12:00am
Philanthropists urged to help welfare organisations

Philanthropists urged to help welfare organisations

Federal Minister for Housing and Works Syed Safwanullah has called upon the philanthropists and well-to-do people to come forward and provide financial and moral support to those social welfare organisations, which are serving the humanity. The minister s
Published 02 May, 2005 12:00am
Commodity markets register modest gains

Commodity markets register modest gains

Modest gains were marked on the commodity wholesale markets during the week ended on April 30, 2005. Some gainers were wheat, rapeseeds, plastics was down and chemicals and dyes mixed. On the opening day rapeseed Nawabshah interior type gained Rs 50 to Rs
Published 02 May, 2005 12:00am
NRL assigned 'AAA' rating

NRL assigned 'AAA' rating

The Pakistan Credit Rating Agency (Pacra) has assigned the long-term rating of 'AAA' (Triple A) and short-term rating of '1+' (A One Plus) to National Refinery Limited. The ratings, applicable to the senior unsecured creditors of the company, denote the l
Published 02 May, 2005 12:00am
Action ordered against SHO for torturing ASI

Action ordered against SHO for torturing ASI

Punjab Chief Minister Chaudhry Pervaiz Elahi on Sunday directed DPO Lahore to take disciplinary action against Qila Gujjar Singh SHO Raheel Amjad for torturing an innocent ASI. Monitoring Cell Incharge Haji Mohammad Nawaz probed the matter on the instruct
Published 02 May, 2005 12:00am
Signs and care of paralysis discussed

Signs and care of paralysis discussed

The Agha Khan University Hospital, Karachi on Saturday organised an awareness seminar on "Signs, symptoms and care against paralysis" at a local hotel. The senior instructor of the Medicine Department of Agha Khan University Karachi Dr Bhojo Assu Mal Khel
Published 02 May, 2005 12:00am
Cotton market maintains firm posture

Cotton market maintains firm posture

Rallies in cotton futures helped local cotton to maintain firm trend despite opening of TCP tender and importers men round to lift with offer of 48.7 cents a pound, relevant sources said during the week ended on April 30, 2005. The spot rate remained unaf
Published 02 May, 2005 12:00am
Rs 2 billion to be spent on farm trade: Elahi

Rs 2 billion to be spent on farm trade: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi speaking in a seminar on agriculture in a local hotel on Sunday, said the provincial government would spend Rs 2 billion on agricultural business and marketing development in the province. Speaking specifically
Published 02 May, 2005 12:00am
CDGK cancels deal with Green Bus Company

CDGK cancels deal with Green Bus Company

An agreement signed between the City District Government Karachi (CDGK) and the Karachi Green Bus Company (Pvt) Limited has been terminated for alleged failure of the company to maintain quality and efficiency. The agreement was inked on April 16, 2003 fo
Published 02 May, 2005 12:00am
Sindh launches computer courses for government employees

Sindh launches computer courses for government employees

Sindh Information Technology department has started three-month free advanced computer training courses for Sindh government employees to enhance their output and efficiency for the benefit of general public. These courses included hardware, networking, o
Published 02 May, 2005 12:00am
Workers assured of basic facilities in Punjab

Workers assured of basic facilities in Punjab

Punjab Minister for Water and Power Armughan Subhani has said that effective measures had been taken to solve the problems being faced by the industrial workers in the province. Addressing a labour convention held in connection with the May Day here on Su
Published 02 May, 2005 12:00am
Date extended

Date extended

Faisalabad Industrial Estate Development & Management Company (FIEDMC) has extended the date for submission of application forms from April 30 to May 6, 2005, due to increasing demand for industrial plots by industrialists, traders, foreign investors and
Published 02 May, 2005 12:00am
Industrialists urged to prepare recommendations for budget

Industrialists urged to prepare recommendations for budget

Advisor to Sindh Chief Minister for Excise and Taxation M A Jalil has called upon the industrialists to prepare memorandum of recommendations for making a viable budget in order to boost-up industrial investment in Sindh. He said this while addressing the
Published 02 May, 2005 12:00am
Muslims in US facing discrimination after 9/11

Muslims in US facing discrimination after 9/11

In the wake of 9/11, Muslim immigrants from Pakistan, Egypt and other countries have found themselves living in a newly suspicious America. Many of their businesses and mosques have been closely monitored by the US federal agents, thousands of men have be
Published 02 May, 2005 12:00am
Police assures to settle Nazish case on merit

Police assures to settle Nazish case on merit

Sialkot police have assured the father of Nazish, a Second Year student of a local college, that her case would be settled on the basis of merit. This was stated by Asghar Ali Bhatti, father of Nazish, while addressing a press conference on Saturday night
Published 02 May, 2005 12:00am
May Day observed in Multan

May Day observed in Multan

More than a dozen rallies were organised in Multan by industrial workers, political and social activists, farmers, lawyers, and women while talks on problems faced by workers, contract system, labour policy and other topics were held. At least 20,000 work
Published 02 May, 2005 12:00am
AJK youth rides peace bus to occupied Kashmir for wedding

AJK youth rides peace bus to occupied Kashmir for wedding

A ride on the new bus service from Azad Kashmir to the occupied valley has helped 27-year-old Ajmal Basharat meet and marry his wife, a news report said on Sunday. Basharat, dressed in a traditional long cream-coloured coat and white trouser, on Saturday
Published 02 May, 2005 12:00am
Seven new cotton standard institutes to be set up

Seven new cotton standard institutes to be set up

Federal Secretary, Textile, Musaddaq Muhammad Khan has said that seven new 'Cotton Standard Institutes' would be established in the cotton zone to improve its quality. He said that the Government has decided to reduce customs duty to zero for raw material
Published 02 May, 2005 12:00am
Faisalabad GCU's new campus to be developed

Faisalabad GCU's new campus to be developed

Dr Asif Iqbal Khan, Vice-Chancellor, Government College University (GCU), Faisalabad, has said that the new campus of the GCU will be developed over 600 acres of land on Chak Jhumra-Sahianwala bypass on both sides of the canal. It will be a mega project a
Published 02 May, 2005 12:00am
Probe ordered in Sonia Naz case

Probe ordered in Sonia Naz case

DIG, Faisalabad Range, Sajjad Ahmad, taking suo-motu action on the interview of Sonia Naz, wife of Asif Yousaf, Clerk of Excise & Taxation Office, Faisalabad, appearing in press on Saturday, has set up an investigation team headed by SP, Regional Investig
Published 02 May, 2005 12:00am
Compensation package for PTCL employees

Compensation package for PTCL employees

Senior Executive Vice President, Human resource & Administration, Shehzad Saddan has said that the Board of Directors of PTCL has recently approved a new 'Compensation Package' for the employees, which would be declared before the end of current financial
Published 02 May, 2005 12:00am
Water supply for irrigation among top priorities: Arbab

Water supply for irrigation among top priorities: Arbab

When elected as the Sindh chief minister, the supply of water was his second preference after the law and order, Dr Arbab Ghulam Rahim said on Sunday. Addressing a gathering at Goth Saeedpur, after inspecting the revamping of the Daro Barrage by the Irrig
Published 02 May, 2005 12:00am
Labour organisations stage rallies in Hyderabad

Labour organisations stage rallies in Hyderabad

Trade Unions and Labour organisations brought out a number of rallies and processions to observe Labour Day here on Sunday. Wapda Hydro-electric Central Labour Union chairman, Abdul Latif Nizamani strongly criticised the government on its failure to check
Published 02 May, 2005 12:00am
Indian firm desires ventures with local software companies

Indian firm desires ventures with local software companies

Chief Executive Officer TATA Consultancy Services, Subramanian Ramadorai on Sunday invited Pakistani IT, financial, textile and other institutes to earn benefit from the TCS experiences and expand their respective industry through TCS's generated global b
Published 02 May, 2005 12:00am
Mobilink Jazz Indus Music Awards-2005 celebrated

Mobilink Jazz Indus Music Awards-2005 celebrated

Music and talent was recognised in abundance on Saturday in Karachi at the Jazz IM Awards-2005 with celebrities from the music and film industry. The event was organised by Indus Music (IM) in collaboration with the Mobilink Jazz, Pakistan's leading and m
Published 02 May, 2005 12:00am
Ibad for making Karachi a city of scenic beauty

Ibad for making Karachi a city of scenic beauty

Sindh Governor, Dr Ishratul Ibad Khan has said that Karachi will be made a city of scenic beauty and harmonised with modern requirements of construction and housing sector. "Instead of building this city as a jungle of concrete or a settlement with haphaz
Published 02 May, 2005 12:00am
Pakistan's private sector termed dynamic and resilient

Pakistan's private sector termed dynamic and resilient

World Bank Alternate Executive Director Tanwir Ali Agha on Sunday said that Pakistan's private sector is both 'dynamic' and 'resilient', terming "it is fast in adjusting, and ready to vigorously update, improve and compete." Talking to APP, he said Pakist
Published 02 May, 2005 12:00am
Sherpao briefed on Fata uplift plans

Sherpao briefed on Fata uplift plans

Tribal elder and eminent PPP leader Haji Sowzad Khan Shinwari called on Federal Interior Minister Aftab Ahmed Khan Sherpao at the People House here on Sunday. The tribal elder apprised the minister about the development schemes and law and order situation
Published 02 May, 2005 12:00am
Training course on PSA planned

Training course on PSA planned

The Pakistan Nuclear Regulatory Authority (PNRA) is arranging a training course on Probabilistic Safety Assessment (PSA) in collaboration with the International Atomic Energy Agency (IAEA) at PNRA School of Nuclear Safety, here from May 2 to 6. Experts fr
Published 02 May, 2005 12:00am
NWFP government takes pride in introducing Islamic banking

NWFP government takes pride in introducing Islamic banking

NWFP Minister Siraj-ul-Haq has said that the MMA government had introduced Islamic banking soon after coming at the helm of affairs and visible progress and achievements have been made and soon people would get rid of the banking and economic system based
Published 02 May, 2005 12:00am
NHA invites proposals for Rs 536.28 million NWFP projects

NHA invites proposals for Rs 536.28 million NWFP projects

The National Highway Authority (NHA) has invited proposals from stakeholders for its Rs 536.28 million gigantic planned projects to be executed in the NWFP in 2005-06. "NHA will encourage proposals from different stakeholders for bringing the planned and
Published 02 May, 2005 12:00am
PPP to abolish anti-labour laws: Zardari

PPP to abolish anti-labour laws: Zardari

Pakistan Peoples Party (PPP) leader Asif Ali Zardari has said if voted to power, the party would abolish all draconian anti-labour laws. "None on earth can deter Benazir Bhutto from coming to the motherland and the entire Pakistan will accord her a warm w
Published 02 May, 2005 12:00am
FJWU holds workshop

FJWU holds workshop

Fatima Jinnah Women University (FJWU) held a one-day workshop on Sustainable Development Indicators for Ecosystem and Natural Resources Management on Saturday to impart proper knowledge about the importance of the conservation of the ecosystem among stude
Published 02 May, 2005 12:00am
'Workers and peasants backbone of economy'

'Workers and peasants backbone of economy'

Central President of his own faction Pakistan Peoples Party and Federal Interior Ministers Aftab Ahmad Khan Sherpao, while lauding the spirit of labourers who laid lives in Chicago, said the Labour Day is being observed as a mark of respect to the working
Published 02 May, 2005 12:00am
MMA blessing for nation: Qazi

MMA blessing for nation: Qazi

Component parties of Muttahida Majlis-i-Amal (MMA) are determined to sacrifice their sectarianism and organisational adore for the collective good of Muslim Ummah. This was stated by MMA Chief and Jamaat-i-Islami Amir Qazi Hussain Ahmed while addressing a
Published 02 May, 2005 12:00am
Tareen to visit LCCI today

Tareen to visit LCCI today

Federal Minister for Industries Jehangir Khan Tareen will visit Lahore Chamber of Commerce and Industry (LCCI) tomorrow (May 2). The minister will attend a meeting at LCCI, says a press release.
Published 02 May, 2005 12:00am
Tareen to visit LCCI today

Tareen to visit LCCI today

Federal Minister for Industries Jehangir Khan Tareen will visit Lahore Chamber of Commerce and Industry (LCCI) tomorrow (May 2). The minister will attend a meeting at LCCI, says a press release.
Published 02 May, 2005 12:00am
Drawback on various items cut

Drawback on various items cut

The Central Board of Revenue (CBR) has reduced duty drawback on the import of spices, dyestuff and wedding/greeting cards from April 28, 2005. The CBR has amended standard SRO.415(I)/2005 through three notifications issued on Sunday. The duty drawback has
Published 02 May, 2005 12:00am
Drawback on various items cut

Drawback on various items cut

The Central Board of Revenue (CBR) has reduced duty drawback on the import of spices, dyestuff and wedding/greeting cards from April 28, 2005. The CBR has amended standard SRO.415(I)/2005 through three notifications issued on Sunday. The duty drawback has
Published 02 May, 2005 12:00am
Drawback on various items cut

Drawback on various items cut

The Central Board of Revenue (CBR) has reduced duty drawback on the import of spices, dyestuff and wedding/greeting cards from April 28, 2005. The CBR has amended standard SRO.415(I)/2005 through three notifications issued on Sunday. The duty drawback has
Published 02 May, 2005 12:00am
China hopes talks on FTA will lead to trading bloc in Asia

China hopes talks on FTA will lead to trading bloc in Asia

China hopes that the talks with Pakistan and other regional countries will lead to trading bloc in Asia. Prospects of free trade in Asia are promising as a dazzlingly complicated network of free trade deals are expanding. According to the experts in Beiji
Published 02 May, 2005 12:00am
Equities stage partial recovery on ISE

Equities stage partial recovery on ISE

Equities during last week staged partial recovery on the Islamabad Stock Exchange (ISE) under the lead of hot favourites where bulls and bears had a close fight amid buying in select stocks. ISE Network index moved upward from 12,213.83 points to 12,308.3
Published 02 May, 2005 12:00am
Equities stage partial recovery on ISE

Equities stage partial recovery on ISE

Equities during last week staged partial recovery on the Islamabad Stock Exchange (ISE) under the lead of hot favourites where bulls and bears had a close fight amid buying in select stocks. ISE Network index moved upward from 12,213.83 points to 12,308.3
Published 02 May, 2005 12:00am
Locusts plague Bangladesh highway

Locusts plague Bangladesh highway

Swarms of locusts blinded drivers, halting traffic along a 40 km (25 mile) stretch of a highway linking Dhaka to the southern port of Chittagong, police said on Sunday. Masses of insects started hitting windscreens around midnight on Saturday (1800 GMT),
Published 02 May, 2005 12:00am
Lahore stocks stay rangebound

Lahore stocks stay rangebound

Lack of buying interest from big and potential investors kept the local stock market range-bound with equities moving erratically during the last week, depicting lack of public confidence in the market. According to stock analysts, the market tone remaine
Published 02 May, 2005 12:00am
Lahore stocks stay rangebound

Lahore stocks stay rangebound

Lack of buying interest from big and potential investors kept the local stock market range-bound with equities moving erratically during the last week, depicting lack of public confidence in the market. According to stock analysts, the market tone remaine
Published 02 May, 2005 12:00am
Badla volumes and investment up

Badla volumes and investment up

Badla market saw sharp appreciation in volumes and investment after the Securities and Exchange Commission of Pakistan (SECP) gave extension in badla phasing out system during last week. The weighted average badla rate was recorded at 11.6 percent on Frid
Published 02 May, 2005 12:00am
Badla volumes and investment up

Badla volumes and investment up

Badla market saw sharp appreciation in volumes and investment after the Securities and Exchange Commission of Pakistan (SECP) gave extension in badla phasing out system during last week. The weighted average badla rate was recorded at 11.6 percent on Frid
Published 02 May, 2005 12:00am
Equities move in narrow band

Equities move in narrow band

Healthy corporate earnings and extension in COT failed to jack up the investors'' mood last week as some of them believed that rules pertaining futures market were too harsh and would create liquidity crunch for stock brokers, which might unleash selling
Published 02 May, 2005 12:00am
Equities move in narrow band

Equities move in narrow band

Healthy corporate earnings and extension in COT failed to jack up the investors' mood last week as some of them believed that rules pertaining futures market were too harsh and would create liquidity crunch for stock brokers, which might unleash selling p
Published 02 May, 2005 12:00am
Equities move in narrow band

Equities move in narrow band

Healthy corporate earnings and extension in COT failed to jack up the investors' mood last week as some of them believed that rules pertaining futures market were too harsh and would create liquidity crunch for stock brokers, which might unleash selling p
Published 02 May, 2005 12:00am
National Bank announce financial results today

National Bank announce financial results today

National Bank of Pakistan (NBP) will announce on Monday its financial results for the first quarter ended March 31, where net earnings may range between Rs 1.89 billion and Rs 2.1 billion, analysts said. "We expect the bank to report net earnings in the r
Published 02 May, 2005 12:00am
National Bank announce financial results today

National Bank announce financial results today

National Bank of Pakistan (NBP) will announce on Monday its financial results for the first quarter ended March 31, where net earnings may range between Rs 1.89 billion and Rs 2.1 billion, analysts said. "We expect the bank to report net earnings in the r
Published 02 May, 2005 12:00am
National Bank announce financial results today

National Bank announce financial results today

National Bank of Pakistan (NBP) will announce on Monday its financial results for the first quarter ended March 31, where net earnings may range between Rs 1.89 billion and Rs 2.1 billion, analysts said. "We expect the bank to report net earnings in the r
Published 02 May, 2005 12:00am
National Bank announce financial results today

National Bank announce financial results today

National Bank of Pakistan (NBP) will announce on Monday its financial results for the first quarter ended March 31, where net earnings may range between Rs 1.89 billion and Rs 2.1 billion, analysts said. "We expect the bank to report net earnings in the r
Published 02 May, 2005 12:00am
Bond market sees volatile week

Bond market sees volatile week

The Jahangir Siddiqui PGBI, which is the primary indicator of Pakistan Bond Markets, showed a decrease of 1.4828 points over the week, bringing the index value to 90.2583 with a weighted index yield of 9.1520 percent on April 30, 2005. The Jahangir Siddiq
Published 02 May, 2005 12:00am
Bond market sees volatile week

Bond market sees volatile week

The Jahangir Siddiqui PGBI, which is the primary indicator of Pakistan Bond Markets, showed a decrease of 1.4828 points over the week, bringing the index value to 90.2583 with a weighted index yield of 9.1520 percent on April 30, 2005. The Jahangir Siddiq
Published 02 May, 2005 12:00am
Bond market sees volatile week

Bond market sees volatile week

The Jahangir Siddiqui PGBI, which is the primary indicator of Pakistan Bond Markets, showed a decrease of 1.4828 points over the week, bringing the index value to 90.2583 with a weighted index yield of 9.1520 percent on April 30, 2005. The Jahangir Siddiq
Published 02 May, 2005 12:00am
Bond market sees volatile week

Bond market sees volatile week

The Jahangir Siddiqui PGBI, which is the primary indicator of Pakistan Bond Markets, showed a decrease of 1.4828 points over the week, bringing the index value to 90.2583 with a weighted index yield of 9.1520 percent on April 30, 2005. The Jahangir Siddiq
Published 02 May, 2005 12:00am
May futures trading declining sharply

May futures trading declining sharply

The weighted average annualised ready future spreads stood at 11.6 percent, up by 478 basis points, from last weekend, showing that investors were not willing to take leverage position in the derivatives market. Average daily futures volume was recorded a
Published 02 May, 2005 12:00am
May futures trading declining sharply

May futures trading declining sharply

The weighted average annualised ready future spreads stood at 11.6 percent, up by 478 basis points, from last weekend, showing that investors were not willing to take leverage position in the derivatives market. Average daily futures volume was recorded a
Published 02 May, 2005 12:00am
May futures trading declining sharply

May futures trading declining sharply

The weighted average annualised ready future spreads stood at 11.6 percent, up by 478 basis points, from last weekend, showing that investors were not willing to take leverage position in the derivatives market. Average daily futures volume was recorded a
Published 02 May, 2005 12:00am
Rice syndicate for quality review committee restructuring

Rice syndicate for quality review committee restructuring

Pakistan Rice Syndicate (PRS), comprising rice growers, millers, processors, packers, exporters and brokers, has urged the Ministry of Commerce (MoC) to restructure the Quality Review Committee (QRC) to make it functional as ''Quality Rahnuma Committee''
Published 02 May, 2005 12:00am
Rice syndicate for quality review committee restructuring

Rice syndicate for quality review committee restructuring

Pakistan Rice Syndicate (PRS), comprising rice growers, millers, processors, packers, exporters and brokers, has urged the Ministry of Commerce (MoC) to restructure the Quality Review Committee (QRC) to make it functional as 'Quality Rahnuma Committee' in
Published 02 May, 2005 12:00am
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