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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-07
Jubilee Spinning sales tax levies waived

Jubilee Spinning sales tax levies waived

On the recommendations of 'Disputes Resolution Committee', the Central Board of Revenue (CBR) has waived the principal amount of sales tax and additional tax/penalty levied on Jubilee Spinning and Weaving Mills Ltd, Karachi, during 2000. The CBR issued no
Published 07 May, 2005 12:00am
14 Hizb members killed in Indian occupied Kashmir

14 Hizb members killed in Indian occupied Kashmir

Occupied Kashmir's leading group Hizbul Mujahideen said on Friday that 14 of its members were believed to have died in a fierce battle with Indian occupation troops. Indian occupation army spokesman said 10 bodies so far had been recovered from the battle
Published 07 May, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 May, 2005 12:00am
14 Hizb members killed in Indian occupied Kashmir

14 Hizb members killed in Indian occupied Kashmir

Occupied Kashmir's leading group Hizbul Mujahideen said on Friday that 14 of its members were believed to have died in a fierce battle with Indian occupation troops. Indian occupation army spokesman said 10 bodies so far had been recovered from the battle
Published 07 May, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 07 May, 2005 12:00am
Telecom sector shows record growth during 2003-04

Telecom sector shows record growth during 2003-04

Telecom sector, during financial year 2003-04, has shown record growth as its share in overall GDP has increased up to 1.93 percent and its share in total Foreign Direct Investment (FDI) counted up to 22 percent while 0.33 million new employment opportuni
Published 07 May, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Telecom sector shows record growth during 2003-04

Telecom sector shows record growth during 2003-04

Telecom sector, during financial year 2003-04, has shown record growth as its share in overall GDP has increased up to 1.93 percent and its share in total Foreign Direct Investment (FDI) counted up to 22 percent while 0.33 million new employment opportuni
Published 07 May, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Telecom sector shows record growth during 2003-04

Telecom sector shows record growth during 2003-04

Telecom sector, during financial year 2003-04, has shown record growth as its share in overall GDP has increased up to 1.93 percent and its share in total Foreign Direct Investment (FDI) counted up to 22 percent while 0.33 million new employment opportuni
Published 07 May, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Indian army under fire

Indian army under fire

The Indian army came under heavy attack on Friday for putting soldiers at risk in a gigantic operation to clear more than a million landmines laid along the border during a near-war with Pakistan in 2002. The Comptroller and Auditor General watchdog said
Published 07 May, 2005 12:00am
Indian army under fire

Indian army under fire

The Indian army came under heavy attack on Friday for putting soldiers at risk in a gigantic operation to clear more than a million landmines laid along the border during a near-war with Pakistan in 2002. The Comptroller and Auditor General watchdog said
Published 07 May, 2005 12:00am
Imran demands US apology over Quran's desecration

Imran demands US apology over Quran's desecration

Imran Khan, a legendary cricket player-turned politician, demanded an apology on Friday from the United States following a magazine report that US interrogators in Guantanamo Bay desecrated the Holy Quran. Newsweek magazine, in its latest edition, quoted
Published 07 May, 2005 12:00am
Imran demands US apology over Quran's desecration

Imran demands US apology over Quran's desecration

Imran Khan, a legendary cricket player-turned politician, demanded an apology on Friday from the United States following a magazine report that US interrogators in Guantanamo Bay desecrated the Holy Quran. Newsweek magazine, in its latest edition, quoted
Published 07 May, 2005 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Pakistan attractive destination for investors: Prime Minister

Pakistan attractive destination for investors: Prime Minister

Prime Minister Shaukat Aziz has said that Pakistan provides an attractive destination for both local and foreign investors and the country is maintaining political and economic stability. He said that the country's general elections would be held in 2007,
Published 07 May, 2005 12:00am
Pakistan attractive destination for investors: Prime Minister

Pakistan attractive destination for investors: Prime Minister

Prime Minister Shaukat Aziz has said that Pakistan provides an attractive destination for both local and foreign investors and the country is maintaining political and economic stability. He said that the country's general elections would be held in 2007,
Published 07 May, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 06, 2005).
Published 07 May, 2005 12:00am
Pakistan attractive destination for investors: Prime Minister

Pakistan attractive destination for investors: Prime Minister

Prime Minister Shaukat Aziz has said that Pakistan provides an attractive destination for both local and foreign investors and the country is maintaining political and economic stability. He said that the country''s general elections would be held in 2007
Published 07 May, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Upward trend in oil prices cause of concern: Ishrat

Upward trend in oil prices cause of concern: Ishrat

State Bank of Pakistan Governor Dr Ishrat Husain on Friday described the further sharp increase in oil prices as a key risk to global economic outlook. "Upward trend in oil prices coupled with continued fiscal and current imbalances in United States and s
Published 07 May, 2005 12:00am
Upward trend in oil prices cause of concern: Ishrat

Upward trend in oil prices cause of concern: Ishrat

State Bank of Pakistan Governor Dr Ishrat Husain on Friday described the further sharp increase in oil prices as a key risk to global economic outlook. "Upward trend in oil prices coupled with continued fiscal and current imbalances in United States and s
Published 07 May, 2005 12:00am
Upward trend in oil prices cause of concern: Ishrat

Upward trend in oil prices cause of concern: Ishrat

State Bank of Pakistan Governor Dr Ishrat Husain on Friday described the further sharp increase in oil prices as a key risk to global economic outlook. "Upward trend in oil prices coupled with continued fiscal and current imbalances in United States and s
Published 07 May, 2005 12:00am
Rally against army operation

Rally against army operation

Thousands of pro-Taleban tribesmen rallied against Pakistan's hunt for al Qaeda-linked militants here on Friday and torched effigies of US President George W. Bush, witnesses said. About 5,000 people attended the rally, called by the Jamiat Ulema-e-Islam
Published 07 May, 2005 12:00am
Rally against army operation

Rally against army operation

Thousands of pro-Taleban tribesmen rallied against Pakistan's hunt for al Qaeda-linked militants here on Friday and torched effigies of US President George W. Bush, witnesses said. About 5,000 people attended the rally, called by the Jamiat Ulema-e-Islam
Published 07 May, 2005 12:00am
Kitchen items prices move downward

Kitchen items prices move downward

The government's decision to reduce custom duty and withholding tax on import of kitchen items to zero level has brought desired results as their prices has started moving downwards. The prices of onion and tomatoes were recorded at Rs 5 per kg in retail
Published 07 May, 2005 12:00am
ARD leaders discuss Balochistan situation with Bugti

ARD leaders discuss Balochistan situation with Bugti

A delegation of Alliance for Restoration of Democracy (ARD) under the chairmanship of its Chairman Makhdoom Amin Fahim met leader of Jamhoori Wattan Party Nawab Akbar Bugti, here on Friday afternoon. The ARD delegation members during the meeting with form
Published 07 May, 2005 12:00am
Indian firms still not allowed for investment: Shaukat

Indian firms still not allowed for investment: Shaukat

Indian companies will not be allowed to invest in Pakistan yet as economic relations have to move in tandem with progress on other issues, including the Kashmir dispute, Prime Minister Shaukat Aziz said here on Friday. Pakistan welcomed investment from al
Published 07 May, 2005 12:00am
Unisame seeks support for IMM's smooth functioning

Unisame seeks support for IMM's smooth functioning

The Union of Small and Medium Enterprises (Unisame) has sought institutional support of the Small and Medium Enterprises Development Authority (Smeda), National Productivity Organisation (NPO) and Pakistan Council of Scientific and Industrial Research (PC
Published 07 May, 2005 12:00am
Manchhar Lake water released into Indus despite opposition

Manchhar Lake water released into Indus despite opposition

The provincial irrigation department has released the Manchhar Lake water into Indus River upstream of Kotri Barrage, despite strong protest by the socio-political organisations. It may be mentioned here that last year release of water into River Indus up
Published 07 May, 2005 12:00am
Improved ties enhance trade: Indian envoy

Improved ties enhance trade: Indian envoy

Normalisation of relations between India and Pakistan has resulted in increase in economic and trade activities between the two countries, having positive impacts on economic situation of the two sides, said Sapna Tiwari, Commercial Attache of Indian High
Published 07 May, 2005 12:00am
MoU signed to boost marble mining sector

MoU signed to boost marble mining sector

All Pakistan Exporters Association of Mineral Mining and Processing (APEAMMP) and the International Marble Institute (IS.I.M) have signed a Memorandum of Understanding (MoU) on technical support to boost the marble mining sector in Balochistan and NWFP. A
Published 07 May, 2005 12:00am
'MMA for grand alliance against Musharraf'

'MMA for grand alliance against Musharraf'

A senior leader of Muttahida Majlis-i-Amal Syed Munawar Hassan had said the leadership of conglomerate was making efforts for a 'Grand Alliance' of opposition parties against President Musharraf and his government as it had become imperative for restorati
Published 07 May, 2005 12:00am
Musharraf calls for better economic conditions in Afghanistan

Musharraf calls for better economic conditions in Afghanistan

President General Pervez Musharraf has called on the international community to create better economic conditions within Afghanistan to facilitate the return of Afghan refugees to their country. The President made these remarks on Friday in a meeting with
Published 07 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Today was fifth consecutive day of increasing trend in PKRV yield as a result of which BMA Pakistan Government Bond Index (BMA-PGBI) yield went up by approximately 3 bps, moving the BMA-PGBI down by about 0.12% to 93.5427. Some buying activity was seen in
Published 07 May, 2005 12:00am
Five member bench to take up Judges' service case next week

Five member bench to take up Judges' service case next week

A five-member Bench of the Supreme Court will hear arguments for and against extension in superior courts Judges' tenure of service. To be headed by Justice Sardar Muhammad Raza Khan, the Bench will include Justice Muhammad Nawaz Abbasi, Justice Faqir Muh
Published 07 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Today was fifth consecutive day of increasing trend in PKRV yield as a result of which BMA Pakistan Government Bond Index (BMA-PGBI) yield went up by approximately 3 bps, moving the BMA-PGBI down by about 0.12% to 93.5427. Some buying activity was seen in
Published 07 May, 2005 12:00am
Shahid Rafi takes secretary information charge

Shahid Rafi takes secretary information charge

Shahid Rafi has assumed the charge of Secretary Information and Broadcasting with effect from May 5, said a notification issued here on Friday. Shahid Rafi had relinquished the charge of the post of Additional Secretary (In-charge) in the Ministry of Info
Published 07 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Today was fifth consecutive day of increasing trend in PKRV yield as a result of which BMA Pakistan Government Bond Index (BMA-PGBI) yield went up by approximately 3 bps, moving the BMA-PGBI down by about 0.12% to 93.5427. Some buying activity was seen in
Published 07 May, 2005 12:00am
President urges scholars to help check population boom

President urges scholars to help check population boom

President General Pervez Musharraf on Friday urged the Muslim scholars to raise consciousness about population planning since burgeoning population has hampered economic growth in the Islamic countries and deprived them of progress befitting their true po
Published 07 May, 2005 12:00am
Kasuri greets Jack Straw

Kasuri greets Jack Straw

Foreign Minister Kasuri has sent message of felicitations to his counterpart in Britain, Jack Straw, on his reelection. Foreign Minister Kasuri expressed happiness on his reelection and stated that he was looking forward to work with him to further buildi
Published 07 May, 2005 12:00am
NTC to hear photopolymer plates duty case on May 14

NTC to hear photopolymer plates duty case on May 14

The National Tariff Commission (NTC) will hold a public hearing on May 14 to consider reduction in customs duty on imported photopolymer plates from present level of 25 percent to 10 percent. The Raffisons (Pvt) Limited - importers, distributors and sole
Published 07 May, 2005 12:00am
Malaysian banks branches soon

Malaysian banks branches soon

Two Malaysian banks will open branches in Pakistan soon following agreement to this effect reached in the talks between Premier Shaukat Aziz and Malaysian Prime Minister Ahmad Badawi in Putrajaya, according to reports reaching here from Malaysia. The open
Published 07 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Industrial estates: Nespak appointed consultants in Kabul

Industrial estates: Nespak appointed consultants in Kabul

Engineering Services Pakistan (Pvt) Limited (Nespak) has been appointed consultants to carry out planning studies and engineering design of three industrial estates in Kabul. The project is sponsored by the Afghan Investment Support Agency (AISA), Ministr
Published 07 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Power breakdown hits Raiwind industrial area

Power breakdown hits Raiwind industrial area

Break down/tripping in power supply located in Raiwind-Lilliani Link Road Industrial Area has made functioning of industries very difficult. Raiwind-Lilliani Link Road Industrial Association has written time and again to the Lesco officials for improving
Published 07 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 06, 2005).

Published 07 May, 2005 12:00am
Workshop on honeybee farming and management

Workshop on honeybee farming and management

Punjab University's Zoology Department in collaboration with Small and Medium Enterprises Development Authority (Smeda) conducted a week-long training workshop on honeybee farming and management. Punjab University Registrar, Professor Dr Muhammad Naeem Kh
Published 07 May, 2005 12:00am
PVTC to introduce LHV training programme

PVTC to introduce LHV training programme

Federal Minister for Industries Production and Special Initiative, Jehangir Khan Tareen, has asked the Health Department Punjab to facilitate Punjab Vocational Training Council (PVTC) in the matter pertaining to recognition and affiliation by Punjab Medic
Published 07 May, 2005 12:00am
GCU announces admission to girls on sports basis

GCU announces admission to girls on sports basis

Government College University (GCU) Lahore is providing nursery to the national teams of all games and would take all out steps to promote sports and extra curricular activities. The Vice-chancellor GC University Lahore Professor Dr Khalid Aftab announced
Published 07 May, 2005 12:00am
Officers directed to achieve wheat target

Officers directed to achieve wheat target

Punjab Food Minister, Chaudhry Muhammad Iqbal has directed Food Department officers to make all out efforts to achieve wheat procurement target in their respective districts. He was addressing a meeting of Food Department officers of Lahore Division, here
Published 07 May, 2005 12:00am
Export refinance rise irks carpet exporters

Export refinance rise irks carpet exporters

The increase in the rate of export refinance from 3 percent to 8 percent during last three months had created a difficult situation for carpet manufacturers, which could create liquidity crunch in the industry, apart from hitting country's carpet exports.
Published 07 May, 2005 12:00am
Bait-ul-Maal department budget to be enhanced

Bait-ul-Maal department budget to be enhanced

Punjab Bait-ul-Maal Minister, Chaudhry Muhammad Ijaz Shafi has said that the budget of Bait-ul-Maal department would be enhanced by three times from next fiscal year whereas grants to the needy people and educational stipend had already been doubled by th
Published 07 May, 2005 12:00am
Aaghosh to open more schools in Punjab

Aaghosh to open more schools in Punjab

Idara Aaghosh, a non-government organisation (NGO) working for welfare of children, has decided to expand network of its schools to other parts of Punjab, in view of its success in the provincial capital. "We plan to increase the existing number of school
Published 07 May, 2005 12:00am
US firm to set up office in Karachi

US firm to set up office in Karachi

Leading corporations and multinational companies of the United States are looking for foreign destinations for business process outsourcing (BPOs). "The environment and infrastructure in Pakistan is more conducive for the call centres business and we are
Published 07 May, 2005 12:00am
KESC team unearths Rs 3.5 million power theft

KESC team unearths Rs 3.5 million power theft

A Karachi Electric Supply Corporation (KESC) team of engineers late Thursday night unearthed power theft worth Rs 3.5 million at an ice factory and a petrol pump during inspection, a KESC spokesman said on Friday. The spokesman said as and when, the consu
Published 07 May, 2005 12:00am
'89 percent Pakistanis suffering from chronic diseases'

'89 percent Pakistanis suffering from chronic diseases'

Mental stress is a major cause of chronic diseases in the country as 89 percent of Pakistan's population are suffering from chronic diseases. This was stated by a medical practitioner while presenting a lecture on "Stress Management" at Sir Adamjee Instit
Published 07 May, 2005 12:00am
'AKU examination board to start functioning in 2006'

'AKU examination board to start functioning in 2006'

President Aga Khan University (AKU) Shamsh Kassim Lakha on Friday said AKU Examination Board scheduled to start functioning next year, will take exams of some 4000 students of ninth class in first year, across the country. Talking to participants on secon
Published 07 May, 2005 12:00am
Naimat calls for more desalination plants

Naimat calls for more desalination plants

City Nazim, Naimatullah Khan has stressed the need for installation of more desalination plants in the coastal areas of Karachi so as to meet with the water requirements of city's ever growing population. He said the local and foreign companies interested
Published 07 May, 2005 12:00am
Plan to improve industrial areas infrastructure

Plan to improve industrial areas infrastructure

City District Government Karachi (CDGK) is preparing a master plan in collaboration with Export Promotion Bureau (EPB) to improve infrastructure facilities in the industrial areas of metropolis. This was stated by City Nazim Naimatullah Khan at dinner hos
Published 07 May, 2005 12:00am
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