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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-30
Budgetary steps may boost industry and banks earnings

Budgetary steps may boost industry and banks earnings

In the Federal Budget for 2005-06, analysts expect the government to reduce tax on banks, as per its commitment made earlier, abolish duty on import of textile machinery and increase in public sector development projects to boost cement earnings. As per g
Published 30 May, 2005 12:00am
Glowing skin, a mirror of good health

Glowing skin, a mirror of good health

Clear, glowing skin is not just a matter of beauty it mirrors good health. Our skin is a very important part of our body that protects us against heat, light, injury, infection and microbes present in the environment Despite living in a tropical climate i
Published 30 May, 2005 12:00am
Leonard extends lead to eight at St Jude Classic

Leonard extends lead to eight at St Jude Classic

Justin Leonard fired a four-under 66 on Saturday to seize a seemingly insurmountable eight-shot lead after the third round of the 4.9 million-dollar St. Jude Classic. Leonard, at 17-under 193, has the biggest 54-hole lead on the PGA Tour this year and is
Published 30 May, 2005 12:00am
El Guerrouj pulls out of Eugene meeting

El Guerrouj pulls out of Eugene meeting

Morocco's double Olympic champion Hicham El Guerrouj has pulled out of the two-mile event at the IAAF Grand Prix meeting in Eugene, Oregon, on June 4, organisers said. However women's marathon world record holder Paula Radcliffe of Britain runs in the eve
Published 30 May, 2005 12:00am
Kemboi springs back to form

Kemboi springs back to form

Olympic 3,000 metres steeplechase gold medallist Ezekiel Kemboi ended a poor start to the season when he raced to victory in the Kenya Armed Forces meeting on Saturday, pipping former world champion Wilson Boit Kipketer in a close finish. The 23-year-old,
Published 30 May, 2005 12:00am
Pakistan brush aside South Africa, Malaysia swamp India

Pakistan brush aside South Africa, Malaysia swamp India

Pakistan overcame the suspension of skipper Mohammad Saqlain to beat South Africa 2-0 on Sunday and maintain their perfect record at the 14th Sultan Azlan Shah Cup. Saqlain received a one-match ban for high-sticking Korean player Sung Hoon-yoon in the fac
Published 30 May, 2005 12:00am
Federer eases past Moya and into French Open last eight

Federer eases past Moya and into French Open last eight

Roger Federer equalled his best ever French Open performance on Sunday when he booked a place in the quarter-finals with a clinical 6-1, 6-4, 6-3 demolition of former champion Carlos Moya of Spain. The top seed, bidding to become only the sixth man to win
Published 30 May, 2005 12:00am
Sharapova happy to win fame game

Sharapova happy to win fame game

Maria Sharapova can handle the fame and the money, but she's still not convinced about the bodyguards. Almost 12 months after a Wimbledon triumph which catapulted her into the realms of super-stardom, there has been no sign of the Sharapova show running o
Published 30 May, 2005 12:00am
Benaud calls for ban on minnows

Benaud calls for ban on minnows

Richie Benaud added his voice on Sunday to calls for Bangladesh and Zimbabwe to be dropped from senior international cricket. The Australia cricket great, currently in England where he is commentating for broadcaster Channel 4, made his comments after wit
Published 30 May, 2005 12:00am
Kelly Holmes reveals her self-harm past

Kelly Holmes reveals her self-harm past

British track star Kelly Holmes has revealed how she slashed her body with scissors during a two-month self-harming ordeal, one year before her double gold victory at the Olympic Games in Athens. The sporting star told the News of the World newspaper Sund
Published 30 May, 2005 12:00am
West Indies defeat Pakistan

West Indies defeat Pakistan

West Indies completed a 276-run victory in the first Test against Pakistan here on Sunday. West Indies lead the two-Test series 1-0.
Published 30 May, 2005 12:00am
West Indies defeat Pakistan

West Indies defeat Pakistan

West Indies completed a 276-run victory in the first Test against Pakistan here on Sunday. West Indies lead the two-Test series 1-0.
Published 30 May, 2005 12:00am
Calls for Bangladesh to be stripped of Test status 'folly': Whatmore

Calls for Bangladesh to be stripped of Test status 'folly': Whatmore

Bangladesh coach Dav Whatmore insisted calls for the country to be stripped of its senior international status were "folly" despite seeing his team thrashed by an innings and 261 runs inside three days in the first Test against England here at Lord's.
Published 30 May, 2005 12:00am
Davenport and Pierce strike blow for old guard

Davenport and Pierce strike blow for old guard

Veteran Grand Slam queens Lindsay Davenport and Mary Pierce battled through to a French Open quarter-final showdown on Sunday but Bulgarian 15-year-old Sesil Karatantcheva gave notice that the clock is ticking on the old-timers. Top seed Davenport was for
Published 30 May, 2005 12:00am
China criticises EU probe of its textile exports

China criticises EU probe of its textile exports

Beijing criticised EU scrutiny of textile imports from China on Sunday amid an acrimonious trade dispute with the United States and Europe, saying it violated the spirit of free trade. The United States has responded to the rise in Chinese imports by impo
Published 30 May, 2005 12:00am
Pacific nations seek close trade ties with Australia and NZ

Pacific nations seek close trade ties with Australia and NZ

Pacific countries which have a limited trade agreement with Australia and New Zealand have decided to move towards a more comprehensive deal, a New Zealand minister said Sunday. The initiative followed a meeting of trade ministers of countries in the Sout
Published 30 May, 2005 12:00am
Eurozone data to show confidence falling further

Eurozone data to show confidence falling further

Eurozone economic figures due out this week will show confidence declining further - or at best stagnating - following the deterioration of sentiment indicators posted by member states, economists said. "The continued deterioration in business sentiment i
Published 30 May, 2005 12:00am
Vietnam's textile industry anxiously watches US and EU action on China

Vietnam's textile industry anxiously watches US and EU action on China

Vietnam's textile industry is watching with interest as China tries to ease tensions with Washington and Brussels over its textile exports, but, far from cashing in, manufacturers here are worried about their own competitiveness. The crisis stemming from
Published 30 May, 2005 12:00am
Spain faces sharp drop in EU funding

Spain faces sharp drop in EU funding

Prime Minister Jose Luis Rodriguez Zapatero faces a thorny political problem as the European Union prepares to turn off the tap on tens of billions of euros that have helped finance Spain's economic miracle. Spain is set to be the big loser in tough negot
Published 30 May, 2005 12:00am
Bangladesh economy likely to grow 5.38 percent in 2004-05

Bangladesh economy likely to grow 5.38 percent in 2004-05

The Bangladesh economy likely grew 5.38 percent in the year ending June 2005, faster than expected after widespread and destructive floods caused billions of dollars in damages last year, officials said Sunday. Floods in August and September 2004 in the l
Published 30 May, 2005 12:00am
Egypt earns 3.3 billion pounds from privatisation

Egypt earns 3.3 billion pounds from privatisation

Egypt has earned 3.3 billion Egyptian pounds ($569 million) since July from its ongoing privatisation programme, Gamal Mubarak, head of the ruling National Democratic Party's policy committee, said on Sunday. Egypt relaunched its privatisation efforts as
Published 30 May, 2005 12:00am
Internet Initiative Japan to list on Mothers market on June 23

Internet Initiative Japan to list on Mothers market on June 23

Internet Initiative Japan Inc (IIJ) said recently it will list its shares on the Tokyo Stock Exchange's Mothers market for start-ups to raise some 1.9 billion yen ($17.60 million). The Nasdaq-listed internet access provider will issue 2,500 new shares ahe
Published 30 May, 2005 12:00am
Internet Initiative Japan to list on Mothers market on June 23

Internet Initiative Japan to list on Mothers market on June 23

Internet Initiative Japan Inc (IIJ) said recently it will list its shares on the Tokyo Stock Exchange's Mothers market for start-ups to raise some 1.9 billion yen ($17.60 million). The Nasdaq-listed internet access provider will issue 2,500 new shares ahe
Published 30 May, 2005 12:00am
Eritrean strangled economy hobbles on rocky path

Eritrean strangled economy hobbles on rocky path

A tight grip over businesses, a festering border dispute with Ethiopia, and recurrent drought are among the raft of stumbling blocks facing Eritrea as it seeks to boost its flagging economy. While celebrating the young tiny eastern African country's indep
Published 30 May, 2005 12:00am
Afghans face income tax for first time

Afghans face income tax for first time

Afghans and foreigners working in the country are soon going to have to start paying tax on their incomes as the aid-dependent government strives to increase its revenue. The wage tax is being imposed on all businesses with two or more employees from Sept
Published 30 May, 2005 12:00am
Indian state set to approve POSCO iron ore exports

Indian state set to approve POSCO iron ore exports

India's Orissa state is set to clear the way for a $12 billion steel plant deal with South Korea's POSCO by allowing it swap exports of low-grade iron ore for imports of high-grade ore, a senior official said on Sunday. Allowing POSCO to export the ore ha
Published 30 May, 2005 12:00am
UniCredito, HVB to settle details

UniCredito, HVB to settle details

Italy's top bank UniCredito on Sunday declined to comment on an Austrian newspaper report that remaining details of its take-over of Germany's number-two lender HVB Group would be finalised on Monday. A spokesman for UniCredito in Italy said: "We have no
Published 30 May, 2005 12:00am
UniCredito, HVB to settle details

UniCredito, HVB to settle details

Italy's top bank UniCredito on Sunday declined to comment on an Austrian newspaper report that remaining details of its take-over of Germany's number-two lender HVB Group would be finalised on Monday. A spokesman for UniCredito in Italy said: "We have no
Published 30 May, 2005 12:00am
Spike in fuel and electricity costs puts crunch on Libyan consumers

Spike in fuel and electricity costs puts crunch on Libyan consumers

Libyans say the government's decision to raise fuel and electricity prices will cause the cost of living to soar, but Prime Minister Shukri Ghanem insists the hikes are needed to lift the economy out of the doldrums. At the beginning of May, the price of
Published 30 May, 2005 12:00am
Commercial Banks: UNITED BANK LIMITED - Year Ended December 31, 2004

Commercial Banks: UNITED BANK LIMITED - Year Ended December 31, 2004

United Bank Limited (UBL), incorporated in Pakistan on November 7, 1959 is engaged in commercial banking and related services. It operates 1057 (2003: 1062) branches in Pakistan and 15 (2003: 15) branches outside Pakistan. UBL has since been denationalise
Published 30 May, 2005 12:00am
Commercial Banks: UNITED BANK LIMITED - Year Ended December 31, 2004

Commercial Banks: UNITED BANK LIMITED - Year Ended December 31, 2004

United Bank Limited (UBL), incorporated in Pakistan on November 7, 1959 is engaged in commercial banking and related services. It operates 1057 (2003: 1062) branches in Pakistan and 15 (2003: 15) branches outside Pakistan. UBL has since been denationalise
Published 30 May, 2005 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (May 23 to 28, 2005).

Published 30 May, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (May 29, 2005).

Published 30 May, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (May 29, 2005).

Published 30 May, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Sunday (May 29, 2005).

Published 30 May, 2005 12:00am
The Weather

The Weather

The weather report on Sunday (May 29) and the forecast for Monday (May 30, 2004).
Published 30 May, 2005 12:00am
Musharraf calls for reforming OIC

Musharraf calls for reforming OIC

President General Pervez Musharraf on Sunday underlined the importance of reforming the Organisation of Islamic Conference (OIC) into a vibrant organisation, capable of meeting political and economic challenges confronting the Muslim world.
Published 30 May, 2005 12:00am
Musharraf calls for reforming OIC

Musharraf calls for reforming OIC

President General Pervez Musharraf on Sunday underlined the importance of reforming the Organisation of Islamic Conference (OIC) into a vibrant organisation, capable of meeting political and economic challenges confronting the Muslim world.
Published 30 May, 2005 12:00am
French voters reject EU constitution

French voters reject EU constitution

French voters on Sunday massively rejected the first-ever EU constitution in a historic referendum that deals a devastating blow to Europe's grand integration project, according to exit polls giving the "no" camp about 55 percent. The vote was also a poli
Published 30 May, 2005 12:00am
French voters reject EU constitution

French voters reject EU constitution

French voters on Sunday massively rejected the first-ever EU constitution in a historic referendum that deals a devastating blow to Europe's grand integration project, according to exit polls giving the "no" camp about 55 percent. The vote was also a poli
Published 30 May, 2005 12:00am
Geelani turns down Pakistan's invitation

Geelani turns down Pakistan's invitation

The All Parties Hurriyat Conference (APHC) led by Syed Ali Gelani on Sunday turned down the invitation of Pakistan to visit the country and Azad Jammu and Kashmir on June 2. The decision was taken at a meeting of the Majlis-e-shoora by majority vote with
Published 30 May, 2005 12:00am
Geelani turns down Pakistan's invitation

Geelani turns down Pakistan's invitation

The All Parties Hurriyat Conference (APHC) led by Syed Ali Gelani on Sunday turned down the invitation of Pakistan to visit the country and Azad Jammu and Kashmir on June 2. The decision was taken at a meeting of the Majlis-e-shoora by majority vote with
Published 30 May, 2005 12:00am
THE RUPEE: mixed trend versus dollar on money market

THE RUPEE: mixed trend versus dollar on money market

The rupee moved both ways versus the dollar in the currency market last week during the rising demand for the greenback, money experts observed. In the open market, the rupee lost 15 paisa in relation to the dollar for buying and selling at 60.75 and 60.8
Published 30 May, 2005 12:00am
THE RUPEE: mixed trend versus dollar on money market

THE RUPEE: mixed trend versus dollar on money market

The rupee moved both ways versus the dollar in the currency market last week during the rising demand for the greenback, money experts observed. In the open market, the rupee lost 15 paisa in relation to the dollar for buying and selling at 60.75 and 60.8
Published 30 May, 2005 12:00am
Baggage rules to be amended to curb smuggling

Baggage rules to be amended to curb smuggling

The Central Board of Revenue (CBR) will amend the baggage rules, procedure for operating duty free shops and rules dealing with the tax exemptions for the diplomats/privileged persons in budget 2005-2006 to control large scale smuggling of foreign goods.
Published 30 May, 2005 12:00am
Baggage rules to be amended to curb smuggling

Baggage rules to be amended to curb smuggling

The Central Board of Revenue (CBR) will amend the baggage rules, procedure for operating duty free shops and rules dealing with the tax exemptions for the diplomats/privileged persons in budget 2005-2006 to control large scale smuggling of foreign goods.
Published 30 May, 2005 12:00am
Baggage rules to be amended to curb smuggling

Baggage rules to be amended to curb smuggling

The Central Board of Revenue (CBR) will amend the baggage rules, procedure for operating duty free shops and rules dealing with the tax exemptions for the diplomats/privileged persons in budget 2005-2006 to control large scale smuggling of foreign goods.
Published 30 May, 2005 12:00am
President wrongly quoted on Iran's nuclear-programme: foreign office

President wrongly quoted on Iran's nuclear-programme: foreign office

Pakistan on Sunday said that President Pervez Musharraf had been incorrectly quoted by a German magazine, which reported him as saying Iran wanted nuclear weapons. "The President has not been correctly reported," Foreign Ministry Spokesman Jalil Abbas Jil
Published 30 May, 2005 12:00am
President wrongly quoted on Iran's nuclear-programme: foreign office

President wrongly quoted on Iran's nuclear-programme: foreign office

Pakistan on Sunday said that President Pervez Musharraf had been incorrectly quoted by a German magazine, which reported him as saying Iran wanted nuclear weapons. "The President has not been correctly reported," Foreign Ministry Spokesman Jalil Abbas Jil
Published 30 May, 2005 12:00am
Tribal chief among 3 killed in South Waziristan

Tribal chief among 3 killed in South Waziristan

A politician known for supporting the fight against al Qaeda-linked militants was gunned down, with two others, in South Waziristan, witnesses said on Sunday. Unidentified gunmen opened fire at the vehicle of Faridullah Khan, chief of Ahmedzai Wazir tribe
Published 30 May, 2005 12:00am
Tribal chief among 3 killed in South Waziristan

Tribal chief among 3 killed in South Waziristan

A politician known for supporting the fight against al Qaeda-linked militants was gunned down, with two others, in South Waziristan, witnesses said on Sunday. Unidentified gunmen opened fire at the vehicle of Faridullah Khan, chief of Ahmedzai Wazir tribe
Published 30 May, 2005 12:00am
Government urged to check cheap Chinese goods smuggling

Government urged to check cheap Chinese goods smuggling

The Union of Small & Medium Enterprises (Unisame) has received complaints from SME industries that various Chinese goods, ranging from footwear to caps, are finding way into Pakistan and damaging the local industries. The SMEs are facing hardship, as they
Published 30 May, 2005 12:00am
Karsaz road repair going on at snail's pace

Karsaz road repair going on at snail's pace

The Habib Ibrahimtoola road also known as Karsaz road linking Shahra-e-Faisal with the Stadium road and onto Gulshan-e-Iqbal has been undergoing repair work since last year and has become a headache for motorists.
Published 30 May, 2005 12:00am
Musharraf showed leadership qualities quite earlier: Zarin

Musharraf showed leadership qualities quite earlier: Zarin

President General Pervez Musharraf showed leadership qualities quite early in his life as he was gifted with a lively 'questioning spirit and a logical mind,' that also made him excel in Mathematics, his mother Zarin Musharraf said in an interview. Zarin
Published 30 May, 2005 12:00am
Security forces deployed at PTCL exchanges

Security forces deployed at PTCL exchanges

Heavy contingents of Police, Rangers, Frontier Constabulary and other law-enforcement agencies have been deployed at all the telephone exchanges of the Pakistan Telecommunication Company Ltd (PTCL) for the security of its installations as the company empl
Published 30 May, 2005 12:00am
PTCL to be privatised by June 10: minister

PTCL to be privatised by June 10: minister

Federal Information Technology Minister Awais Ahmed Leghari on Sunday said that Pakistan Telecommunication Company Limited (PTCL) would be privatised by June 10. He said the economy would be strengthened due to privatisation of the PTCL. Talking to a priv
Published 30 May, 2005 12:00am
Recommendations for OIC summit finalised

Recommendations for OIC summit finalised

The two-day meeting of the Organisation of Islamic Conference (OIC) Commission of Eminent Persons has prepared a strategy and plan of action, enabling the Islamic Ummah to meet the challenges of the 21st century and to avoid confrontation or capitulation
Published 30 May, 2005 12:00am
Religious scholar passes away

Religious scholar passes away

Renowned religious scholar and Khateeb of Westridge Jamia Mosque, Rawalpindi Qari Obaidur Rehman died here on Sunday. His funeral prayers will be held on Monday at 2:30 p.m. at Race Course Park, Rawalpindi. He was known for his Qirat of the Holy Quran, pa
Published 30 May, 2005 12:00am
Efforts on to maintain quorum in National Assembly budget session

Efforts on to maintain quorum in National Assembly budget session

Fearing that 'chronic' quorum problem may hit the National Assembly during the budget session, ruling party Chief Whip Nasrullah Dareshak met Prime Minister Shaukat Aziz here on Sunday to seek guidelines from him. Dareshak discussed with the Prime Ministe
Published 30 May, 2005 12:00am
OIC secretary general calls on Shaukat

OIC secretary general calls on Shaukat

Prime Minister Shaukat Aziz on Sunday said OIC should play a proactive role in removing misperceptions about Islam and promote inter-faith harmony in the world. He was talking to OIC secretary-general Professor Dr Ekmeleddin Ihsanoglu, who met him at the
Published 30 May, 2005 12:00am
Pakistan committed to peace: Musharraf

Pakistan committed to peace: Musharraf

President Pervez Musharraf has said that Pakistan was committed to the cause of peace, stability and freedom in the world. In a message issued on the Memorial Day being celebrated in the United States on Sunday, the President called upon the world fratern
Published 30 May, 2005 12:00am
Labour Party opposes Wasa privatisation

Labour Party opposes Wasa privatisation

Labour Party Pakistan has demanded of the government to abandon the privatisation plan of Water and Sanitation Authority (Wasa) in the larger interest of general public. If the government did not change its policy for privatisation of Wasa, the Labour Par
Published 30 May, 2005 12:00am
Local government system to be strengthened further: Elahi

Local government system to be strengthened further: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that General Pervez Musharraf has introduced real democracy through district governments system in the country and ensured participation of people from union council to federation in the government aff
Published 30 May, 2005 12:00am
Meetings on Baglihar dam from June 9

Meetings on Baglihar dam from June 9

The neutral expert appointed by the World Bank to look into the differences between India and Pakistan over the Baglihar Dam project will hold his first meeting with the two sides on June 9. Raymond Lafitte will hold his first meeting with India and Pakis
Published 30 May, 2005 12:00am
Sugar mills in cotton areas opposed

Sugar mills in cotton areas opposed

The Cabinet Committee on Agriculture (CCA) has opposed setting up of more sugar mills in the cotton growing areas, and may advise the provincial governments to take steps in this regard, sources in Ministry of Industries and Production told Business Re
Published 30 May, 2005 12:00am
Sugar mills in cotton areas opposed

Sugar mills in cotton areas opposed

The Cabinet Committee on Agriculture (CCA) has opposed setting up of more sugar mills in the cotton growing areas, and may advise the provincial governments to take steps in this regard, sources in Ministry of Industries and Production told Business Re
Published 30 May, 2005 12:00am
Sugar mills in cotton areas opposed

Sugar mills in cotton areas opposed

The Cabinet Committee on Agriculture (CCA) has opposed setting up of more sugar mills in the cotton growing areas, and may advise the provincial governments to take steps in this regard, sources in Ministry of Industries and Production told Business Re
Published 30 May, 2005 12:00am
Broadening of tax net a serious challenge for CBR

Broadening of tax net a serious challenge for CBR

The Central Board of Revenue policymakers faced a serious challenge of broadening the tax net since all efforts made to lure the businessmen to pay tax have failed to bear fruits. The CBR tax reforms programme initiated in 2001-02 with the World Bank''s f
Published 30 May, 2005 12:00am
Broadening of tax net a serious challenge for CBR

Broadening of tax net a serious challenge for CBR

The Central Board of Revenue policymakers faced a serious challenge of broadening the tax net since all efforts made to lure the businessmen to pay tax have failed to bear fruits. The CBR tax reforms programme initiated in 2001-02 with the World Bank's fi
Published 30 May, 2005 12:00am
Broadening of tax net a serious challenge for CBR

Broadening of tax net a serious challenge for CBR

The Central Board of Revenue policymakers faced a serious challenge of broadening the tax net since all efforts made to lure the businessmen to pay tax have failed to bear fruits. The CBR tax reforms programme initiated in 2001-02 with the World Bank's fi
Published 30 May, 2005 12:00am
Security for Kashmiri leaders' visit beefed up

Security for Kashmiri leaders' visit beefed up

Extraordinary security measures are being taken by the Jammu and Kashmir police and other agencies to ensure proper security for the Kashmiri liberation leaders proceeding to Muzaffarabad by bus on June 2, reports Kashmir Media Service. "Since April 7, wh
Published 30 May, 2005 12:00am
Security for Kashmiri leaders' visit beefed up

Security for Kashmiri leaders' visit beefed up

Extraordinary security measures are being taken by the Jammu and Kashmir police and other agencies to ensure proper security for the Kashmiri liberation leaders proceeding to Muzaffarabad by bus on June 2, reports Kashmir Media Service. "Since April 7, wh
Published 30 May, 2005 12:00am
Pakistan's plea for observer status in SCO to be considered on June 4

Pakistan's plea for observer status in SCO to be considered on June 4

Pakistan's request for 'Observer Status' in Shanghai Co-operation Organisation (SCO) will be considered at its foreign ministers' meeting to be held in Astana, capital of Kazakhstan, on June 4. Diplomatic sources told APP in Beijing that the member countr
Published 30 May, 2005 12:00am
MONEY WEEK: monetary expansion races to year-end target

MONEY WEEK: monetary expansion races to year-end target

According to data released by the State Bank, monetary expansion during the week ended on 7th May, 2005 rose by Rs 4.2 billion to Rs 356.5 billion (14.34 percent), only Rs 3.5 billion short of the year-end target of Rs 360 billion (14.48 percent). Among p
Published 30 May, 2005 12:00am
MONEY WEEK: monetary expansion races to year-end target

MONEY WEEK: monetary expansion races to year-end target

According to data released by the State Bank, monetary expansion during the week ended on 7th May, 2005 rose by Rs 4.2 billion to Rs 356.5 billion (14.34 percent), only Rs 3.5 billion short of the year-end target of Rs 360 billion (14.48 percent). Among p
Published 30 May, 2005 12:00am
MONEY WEEK: monetary expansion races to year-end target

MONEY WEEK: monetary expansion races to year-end target

According to data released by the State Bank, monetary expansion during the week ended on 7th May, 2005 rose by Rs 4.2 billion to Rs 356.5 billion (14.34 percent), only Rs 3.5 billion short of the year-end target of Rs 360 billion (14.48 percent). Among p
Published 30 May, 2005 12:00am
NRL privatisation to increase liquidity

NRL privatisation to increase liquidity

The privatisation of Pakistan State Oil Ltd, National Refinery Ltd, and Pakistan Telecommunication in the coming months may increase liquidity in the market, especially at the financial institutions, as they would re-deploy these funds in the capital mark
Published 30 May, 2005 12:00am
NRL privatisation to increase liquidity

NRL privatisation to increase liquidity

The privatisation of Pakistan State Oil Ltd, National Refinery Ltd, and Pakistan Telecommunication in the coming months may increase liquidity in the market, especially at the financial institutions, as they would re-deploy these funds in the capital mark
Published 30 May, 2005 12:00am
NRL privatisation to increase liquidity

NRL privatisation to increase liquidity

The privatisation of Pakistan State Oil Ltd, National Refinery Ltd, and Pakistan Telecommunication in the coming months may increase liquidity in the market, especially at the financial institutions, as they would re-deploy these funds in the capital mark
Published 30 May, 2005 12:00am
NRL privatisation to increase liquidity

NRL privatisation to increase liquidity

The privatisation of Pakistan State Oil Ltd, National Refinery Ltd, and Pakistan Telecommunication in the coming months may increase liquidity in the market, especially at the financial institutions, as they would re-deploy these funds in the capital mark
Published 30 May, 2005 12:00am
Sir Creek talks end without progress

Sir Creek talks end without progress

Pakistan and India have failed to break the deadlock on the demarcation of international boundary in the disputed Sir Creek area but agreed to continue their talks under the composite dialogue framework on the issue. A joint press statement issued here on
Published 30 May, 2005 12:00am
India and Pakistan to leave past hostilities: Advani

India and Pakistan to leave past hostilities: Advani

Expressing the hope that New Delhi and Islamabad would leave past hostilities, Indian opposition leader and BJP president, L.K. Advani, who embarks on a week-long visit to Pakistan on Monday, said the ambience between the two neighbouring countries today
Published 30 May, 2005 12:00am
21 killed as Iraqi forces launch operation

21 killed as Iraqi forces launch operation

Iraqi forces launched their biggest security crackdown since the fall of Saddam Hussein with the start of Operation Lightning on Sunday, a sweep by 40,000 Iraqi troops who will seal off Baghdad and hunt for insurgents. Backed by the 10,000 US troops in th
Published 30 May, 2005 12:00am
Bears tighten grip on LSE

Bears tighten grip on LSE

Bears onslaught kept the Lahore Stock Exchange (LSE) in negative zone last week, where share prices underwent heavy losses with the index moving down by 13.86 percent. The market received battering for four days, out of five trading days of the week, whil
Published 30 May, 2005 12:00am
Bears tighten grip on LSE

Bears tighten grip on LSE

Bears onslaught kept the Lahore Stock Exchange (LSE) in negative zone last week, where share prices underwent heavy losses with the index moving down by 13.86 percent. The market received battering for four days, out of five trading days of the week, whil
Published 30 May, 2005 12:00am
Badla investment 25 percent down

Badla investment 25 percent down

The badla investment at the Karachi Stock Exchange (KSE) declined by 25 percent while the badla rates dropped by 13 percent last week because of unabated onslaught of bears, eroding share values across the board. The badla investment at KSE fell sharply t
Published 30 May, 2005 12:00am
Badla investment 25 percent down

Badla investment 25 percent down

The badla investment at the Karachi Stock Exchange (KSE) declined by 25 percent while the badla rates dropped by 13 percent last week because of unabated onslaught of bears, eroding share values across the board. The badla investment at KSE fell sharply t
Published 30 May, 2005 12:00am
Badla investment 25 percent down

Badla investment 25 percent down

The badla investment at the Karachi Stock Exchange (KSE) declined by 25 percent while the badla rates dropped by 13 percent last week because of unabated onslaught of bears, eroding share values across the board. The badla investment at KSE fell sharply t
Published 30 May, 2005 12:00am
$3.6 billion market capitalisation wiped off

$3.6 billion market capitalisation wiped off

The share prices saw one of the worst weeks in its history where the index witnessed free-fall and the market capitalisation worth $3.6 billion wiped off while equities were at four-and-a-half-month low level. The share market last week, ending on May 28,
Published 30 May, 2005 12:00am
Budgetary steps may boost industry and banks earnings

Budgetary steps may boost industry and banks earnings

In the Federal Budget for 2005-06, analysts expect the government to reduce tax on banks, as per its commitment made earlier, abolish duty on import of textile machinery and increase in public sector development projects to boost cement earnings. As per g
Published 30 May, 2005 12:00am
Budgetary steps may boost industry and banks earnings

Budgetary steps may boost industry and banks earnings

In the Federal Budget for 2005-06, analysts expect the government to reduce tax on banks, as per its commitment made earlier, abolish duty on import of textile machinery and increase in public sector development projects to boost cement earnings. As per g
Published 30 May, 2005 12:00am
$3.6 billion market capitalisation wiped off

$3.6 billion market capitalisation wiped off

The share prices saw one of the worst weeks in its history where the index witnessed free-fall and the market capitalisation worth $3.6 billion wiped off while equities were at four-and-a-half-month low level. The share market last week, ending on May 28,
Published 30 May, 2005 12:00am
India and Pakistan to leave past hostilities: Advani

India and Pakistan to leave past hostilities: Advani

Expressing the hope that New Delhi and Islamabad would leave past hostilities, Indian opposition leader and BJP president, L.K. Advani, who embarks on a week-long visit to Pakistan on Monday, said the ambience between the two neighbouring countries today
Published 30 May, 2005 12:00am
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