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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-09
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 09 Jun, 2005 12:00am
Budget termed beneficial for leather sector

Budget termed beneficial for leather sector

Pakistan Tanners Association Chairman, Khawaja M Yousuf, has urged the Finance Minister to help the leather exporters play their viable role in boosting exports in the present era of tough competition. Expressing his mixed feelings on the impact of the Fe
Published 09 Jun, 2005 12:00am
Moths invade date palm orchards in Khairpur

Moths invade date palm orchards in Khairpur

Date palm orchards in Khairpur district, Sindh, have been invaded by laser date moth damaging the immature fruits. According to a survey conducted by the Agriculture Research, Sindh, the same insects had affected date palm orchards in Khairpur during 1998
Published 09 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
US Consulate officials visit Smeda

US Consulate officials visit Smeda

The US Consulate Principal Officer Micheal Spangler and Political Advisor Saqibullah Khan on Wednesday visited Small and Medium Entrepreneur Development Authority (Smeda) Office Peshawar. During the visit, Federally Administrated Tribal Area (Fata) Direct
Published 09 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Businessmen give mixed reaction on budget

Businessmen give mixed reaction on budget

Businessmen and traders of Hyderabad, Kotri and Nooriabad industrial estates have expressed mixed reaction on the budget for the year 2005-06, presented by Federal State Minister for Finance Umer Ayub Khan. Hyderabad Chamber of Commerce and Industry Presi
Published 09 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
PYMA terms budget textile-friendly

PYMA terms budget textile-friendly

The Pakistan Yarn Merchants Association (PYMA) has described the federal budget as textile-friendly. PYMA Chairman Rafiq Ebrahim, in a statement issued here on Wednesday, said the zero-rated sales tax on the entire textile chain and rationalisation of dut
Published 09 Jun, 2005 12:00am
Course for match referees

Course for match referees

Pakistan Cricket Board (PCB) is conducting a course for match referees from July 5 to 7 here at Gaddafi Stadium. According to a spokesman of PCB, candidates having graduation level, age between 35-50 years, played or umpired first-class cricket for at lea
Published 09 Jun, 2005 12:00am
GC University constructs squash complex

GC University constructs squash complex

A squash complex is being constructed in the GC University, Lahore at an area of 11,000 square feet to upgrade and enhance sports facilities in the varsity at the cost of Rs 14 million. GC University, Lahore students have not only produced Nobel Laureates
Published 09 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Lawyers go on strike today

Lawyers go on strike today

The Punjab Bar Council (PBC) is observing strike on Thursday to protest against the desecration of Holy Quran by American forces. Addressing a press conference, PBC executive committee Chairman Asghar Gill said that action of the American military officia
Published 09 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Pakistan has over 10 million illegal firearms

Pakistan has over 10 million illegal firearms

Pakistan at a rough estimate has more than 10 million illegal (unlicensed) weapons while the number of illegal weapons in NWFP and the adjoining tribal belt alone may range from 4 million to 7 million. The province is awash with small arms and light weapo
Published 09 Jun, 2005 12:00am
First ever agricultural policy of NWFP government on June 14

First ever agricultural policy of NWFP government on June 14

The first ever agriculture policy of NWFP government aimed at strengthening and facilitating farming community will be announced on Tuesday (June 14) in a Press Conference at the Chief Minister's House by the Chief Minister Muhammad Akram Khan Durrani at
Published 09 Jun, 2005 12:00am
Prime Minister to open AEDB project on June 11

Prime Minister to open AEDB project on June 11

Prime Minister Shaukat Aziz will unveil "AEDB" first alternative Energy project at Narian Khorian near Islamabad on June 11. The project was recently completed by the Alternative Energy Development Board (AEDB). Narian Khorian was selected for the project
Published 09 Jun, 2005 12:00am
Prime Minister briefed about steel industry performance

Prime Minister briefed about steel industry performance

Prime Minister Shaukat Aziz on Wednesday said the policies of the government were geared towards promoting investment and increasing production to meet local demands and create more employment opportunities. He was talking to a delegation of the owners of
Published 09 Jun, 2005 12:00am
Big narcotics haul seized at Kot Addu

Big narcotics haul seized at Kot Addu

A big haul of narcotics was seized and three drug-pushers arrested by the Kot Addu police, district Muzaffargarh, in the wee hours of Wednesday. SHO Kot Addu, Mahboob Ahmed Tangwani, told APP on phone that three accused, Ghulam Abbas, Ameer Bakhsh and Ria
Published 09 Jun, 2005 12:00am
Deep-sea trawlers: Government to remove hurdles in processing, clearance

Deep-sea trawlers: Government to remove hurdles in processing, clearance

The government will remove all hurdles in processing and clearance of deep-sea fishing vessels to encourage foreign investment and participation of international companies in the fishing sector. This was decided in a meeting regarding delay in processing
Published 09 Jun, 2005 12:00am
Minister for in-service training of young doctors

Minister for in-service training of young doctors

Punjab Health Minister, Dr Tahir Ali Javed has directed the health department officials to conduct research in various public health disciplines for the trainers and onward transmission to public health management at district and tehsil levels.
Published 09 Jun, 2005 12:00am
Sindh Institute of Bio-Technology, Genetic Engineering to be set up

Sindh Institute of Bio-Technology, Genetic Engineering to be set up

Sindh Government will set up Sindh Institute of Bio-Technology and Genetic Engineering at Hyderabad at a cost of Rs 1070 million. The establishment of this institute will widen the scope of agriculture research in the province, said Advisor to Sindh Chief
Published 09 Jun, 2005 12:00am
ICCI inks MoU with PSF for S&T research

ICCI inks MoU with PSF for S&T research

Pakistan Science Foundation (PSF) and Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday signed a Memorandum of Understanding for collaboration in research on science and technology concerning industrial sector.
Published 09 Jun, 2005 12:00am
NWFP tribes asked to ensure sectarian cohesion

NWFP tribes asked to ensure sectarian cohesion

Northwest Frontier Pakistan (NWFP) Governor Khalil-ur-Rehman, while stressing the need of maintenance of law and order in the Federally-Administered Tribal Area (Fata), has asked the tribes of Orakzai Agency to ensure sectarian cohesion in their respectiv
Published 09 Jun, 2005 12:00am
Karachi Press Club's literary sitting on June 11

Karachi Press Club's literary sitting on June 11

Literary committee of the Karachi Press Club is organising an evening with a young Sindhi poet and critic Chandar Keswani on June 11 at 5 pm. Prominent writer and poet Fahmeeda Riaz will preside the programme, while short story writer and journalists Agha
Published 09 Jun, 2005 12:00am
Foreign investors call on Sindh governor

Foreign investors call on Sindh governor

Sindh Governor Dr Ishratul Ibad Khan on Wednesday said that provision of jobs and alleviation of poverty was on top of government priority list. Talking to delegations of investors of United State of America, Great Britain and United Arab Emirate, who cal
Published 09 Jun, 2005 12:00am
Work on Iran gas line may start in 2006: Aiyar

Work on Iran gas line may start in 2006: Aiyar

Indian Oil Minister Mani Shankar Aiyar has said that the work on Iran-Pakistan-India gas pipeline project can start next year and may be completed in 5 years, at a cost of $5 billion. Speaking at 'meet the press' programme of Karachi Press Club (KPC) on W
Published 09 Jun, 2005 12:00am
Pervaiz meets Burni

Pervaiz meets Burni

Punjab Chief Minister, Chaudhry Pervaiz Elahi meeting Human Rights Activist Ansar Burni here on Wednesday said that a separate institution for the rehabilitation of poor and beggar children will be set up in the province.
Published 09 Jun, 2005 12:00am
CNIC office inaugurated in Orangi

CNIC office inaugurated in Orangi

In order to provide the facility of Computerised National Identity Card (CNIC) to over two million population of Orangi Town Karachi, Advisor to Sindh Chief Minister for Information Salahuddin Haider on Wednesday inaugurated a CNIC Registration Office in
Published 09 Jun, 2005 12:00am
UVAS promoting research in veterinary sciences

UVAS promoting research in veterinary sciences

The University of Veterinary and Animal Sciences (UVAS) Lahore is collaborating with other institutions for promotion of quality education and research in the field of veterinary and animal sciences. Vice Chancellor UVAS, Professor Dr Manzoor Ahmad while
Published 09 Jun, 2005 12:00am
Shaukat lauds private sector initiative in livestock uplift

Shaukat lauds private sector initiative in livestock uplift

Prime Minister Shaukat Aziz on Wednesday lauded a private sector initiative to encourage farmers' investment in livestock development, saying the step will create income generation opportunities and contribute to growth of agro-based industries.
Published 09 Jun, 2005 12:00am
Kasuri leaves for US

Kasuri leaves for US

Foreign Minister Khurshid Kasuri left on Wednesday for United States, a week after Islamabad handed over a top al Qaeda suspect to Washington.
Published 09 Jun, 2005 12:00am
Mukhtaran Mai Crisis Centre to be opened next week

Mukhtaran Mai Crisis Centre to be opened next week

Ministry of Women Development will set up 'Mukhtaran Mai Crisis Center' in Mirwala Multan. Sources told Business Recorder the ministry has allocated Rs 2.5 million yearly budget allocations for the center, which would be a 3-year project. The centr
Published 09 Jun, 2005 12:00am
Rashid submits application to visit Indian occupied Kashmir

Rashid submits application to visit Indian occupied Kashmir

Information Minister Sheikh Rashid Ahmed said on Wednesday that he had submitted his application to the concerned officials to visit the Indian Occupied Kashmir on June 30. "I am going there not in the capacity of a minister, but as an ordinary Kashmiri t
Published 09 Jun, 2005 12:00am
CDGK to develop forests in various areas

CDGK to develop forests in various areas

The City District Government Karachi (CDGK) has completed a plan for the development of forests in various places in the city. This was stated by City Nazim Naimatullah Khan on Wednesday on the occasion of World Ocean Day with the collaboration of Wild Li
Published 09 Jun, 2005 12:00am
Workshop on marine life protection today

Workshop on marine life protection today

Pakistan Atomic Energy Commission (PAEC) will organise a training workshop on marine life protection at Comsats Headquarters here from June 9 to 11. The workshop is being organised in collaboration with IAEA on the application of nuclear techniques for th
Published 09 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 08, 2005).

Published 09 Jun, 2005 12:00am
Punjab budget today

Punjab budget today

The Provincial Finance Minister, Sardar Husnain Dreshak, would present a tax-free Punjab Budget 2005-06 before the Punjab Assembly on Thursday (June 9). According to sources, the expected budget outlay will be of Rs 253 billion. This would represent an in
Published 09 Jun, 2005 12:00am
'Pakistan Steel upgradation vital to optimise output'

'Pakistan Steel upgradation vital to optimise output'

Pakistan Steel (PS) Chairman Lieutenant General Abdul Qayyum said that the upgradation of outdated systems of the organisation is essential to optimise production and face the challenges of quality and price competitiveness in the new international scenar
Published 09 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield went up by 8 basis points, which ended in downward move of its value by 0.21% to close at 94.94. Upward trend in yield to maturities was witnessed in second half of the day when the Central Bank accepted bids of Rs 108 billion in all three
Published 09 Jun, 2005 12:00am
Sindh-PPIB row over Thar power project advertisement

Sindh-PPIB row over Thar power project advertisement

The advertisement for 450 MW integrated coal fired power project and dispute on available quantity of coal in Thar has started a row between the Private Power Infrastructure Broad (PPIB) and Sindh Ministry of Mines and Minerals, both blaming each other fo
Published 09 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield went up by 8 basis points, which ended in downward move of its value by 0.21% to close at 94.94. Upward trend in yield to maturities was witnessed in second half of the day when the Central Bank accepted bids of Rs 108 billion in all three
Published 09 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield went up by 8 basis points, which ended in downward move of its value by 0.21% to close at 94.94. Upward trend in yield to maturities was witnessed in second half of the day when the Central Bank accepted bids of Rs 108 billion in all three
Published 09 Jun, 2005 12:00am
Fresh projects for development of coalfields planned

Fresh projects for development of coalfields planned

Sindh department of mines and mineral development has planned to undertake various fresh projects for development of coalfields including new studies for additional blocks in the province during the year 2005-06. "The new studies relate to development of
Published 09 Jun, 2005 12:00am
Habib Bank disburses Rs 12.976 billion in agricultural sector

Habib Bank disburses Rs 12.976 billion in agricultural sector

The Habib Bank Ltd (HBL) has disbursed Rs 12.976 billion in the agricultural sector over the last 10 months of fiscal 2004-05. This amount suggests an 86 percent increase on Rs 6.978 billion disbursements made during the same period last year, and an achi
Published 09 Jun, 2005 12:00am
Power outages main cause of water shortage

Power outages main cause of water shortage

Karachi Water and Sewerage Board officials have said that frequent power breakdowns are the main cause of water shortage in the city and it would continue as long as Karachi Electric Supply Corporation does not ensure regular supply of electricity to KWSB
Published 09 Jun, 2005 12:00am
Al Futtaim Technologies launches operation

Al Futtaim Technologies launches operation

The increased economic activities are indicators of government's strategic and stable policies. Due to these policies entrepreneurs, multinational and domestic private sector are coming forward and choosing this region as a potential business segment for
Published 09 Jun, 2005 12:00am
KCBT wheat lower as harvest advances

KCBT wheat lower as harvest advances

Kansas City Board of Trade hard red winter wheat futures closed lower on Tuesday as harvesting of the new crop accelerates through the Plains. The market settled 2 to 5-1/4 cents lower, with the July contract at $3.20-3/4, down 5-1/4 cents. Man Financial
Published 09 Jun, 2005 12:00am
Taiwan stocks surge

Taiwan stocks surge

Taiwan stocks rose 0.92 percent to end at a 12-week high on Wednesday with big semiconductor shares like UMC getting a lift after Texas Instruments Inc (TI) raised its profit forecast. The benchmark TAIEX share index gained 55.87 points to close at 6,161.
Published 09 Jun, 2005 12:00am
Nikkei soars, high-tech and trading firms gain

Nikkei soars, high-tech and trading firms gain

Japan's Nikkei share average climbed 0.57 percent on Wednesday as Canon Inc and other recently battered technology shares attracted buyers after a rosy outlook from Texas Instruments Inc Trading firms, seen as among the most discounted issues, also drew b
Published 09 Jun, 2005 12:00am
Philippines shares drop

Philippines shares drop

Philippines share prices closed 2.48 percent lower on Wednesday in a sharp correction as investors continued to take profits on recent gains amid mounting political concerns, dealers said. They said uncertainty arising from alleged attempts by the opposit
Published 09 Jun, 2005 12:00am
Singapore shares fall

Singapore shares fall

Singapore shares closed 0.39 percent lower on Wednesday on profit-taking in select blue chips, with interest focused on smaller stocks due to the absence of fresh leads, dealers said. The Straits Times Index fell 8.55 points to 2,198.29 on volume of 861 m
Published 09 Jun, 2005 12:00am
Thai stock market gains

Thai stock market gains

The Thai stock market closed 0.28 percent higher on Wednesday in lacklustre trade, with foreigners buying in a market where domestic investors held off ahead of a monetary policy meeting, dealers said. The Stock Exchange of Thailand (SET) composite index
Published 09 Jun, 2005 12:00am
US Treasuries rise as Greenspan silence proves golden

US Treasuries rise as Greenspan silence proves golden

US Treasury debt prices climbed on Tuesday after comments from Fed Chairman Alan Greenspan overnight appeared to leave open the chance of a pause in interest rate hikes. Interestingly, dealers focused more keenly on what Greenspan did not say than on his
Published 09 Jun, 2005 12:00am
US Treasuries rise as Greenspan silence proves golden

US Treasuries rise as Greenspan silence proves golden

US Treasury debt prices climbed on Tuesday after comments from Fed Chairman Alan Greenspan overnight appeared to leave open the chance of a pause in interest rate hikes. Interestingly, dealers focused more keenly on what Greenspan did not say than on his
Published 09 Jun, 2005 12:00am
Malaysian shares rally

Malaysian shares rally

Malaysian share prices closed 0.29 percent higher on Wednesday on bargain hunting by retail investors who were encouraged by government efforts to restore market confidence after a flap over bank margin lending, dealers said. Prime Minister Abdullah Ahmad
Published 09 Jun, 2005 12:00am
Dow ends up, but US stock rally fades on Fed talk

Dow ends up, but US stock rally fades on Fed talk

US blue-chip stocks ended slightly higher on Tuesday, but the broad market's rally reversed course after a regional Federal Reserve official hinted the central bank is not done raising interest rates. The remarks by Jack Guynn, president of the Federal Re
Published 09 Jun, 2005 12:00am
Hong Kong stocks jump

Hong Kong stocks jump

Hong Kong stocks rose nearly half a percent on Wednesday with blue chips boosted by a growing view that US interest rates may be peaking and with China plays helped by a rebound for mainland China stocks. "Greenspan hinted rates may not rise as fast as ma
Published 09 Jun, 2005 12:00am
Jakarta shares close higher

Jakarta shares close higher

Indonesian share prices closed 0.25 percent higher on Wednesday with late gains in select blue chips erasing early losses following news of a bomb blast at the home of a militant Muslim cleric, dealers said. The Jakarta Stock Exchange composite index clos
Published 09 Jun, 2005 12:00am
Chinese shares end firmer

Chinese shares end firmer

China's shares jumped more than 8 percent on Wednesday, the biggest single-day rise in three years, as mutual funds bought large-caps after Beijing instructed them to help rescue a market lingering near eight-year lows. The benchmark Shanghai composite in
Published 09 Jun, 2005 12:00am
Dutch bank slashes growth forecast

Dutch bank slashes growth forecast

The Dutch central bank has slashed its forecast of the country's economic growth this year to 0.4 percent from 1.7 percent, bank president Nout Wellink said, due to high oil prices and slow world economic growth. The central bank has long been more bullis
Published 09 Jun, 2005 12:00am
Dutch bank slashes growth forecast

Dutch bank slashes growth forecast

The Dutch central bank has slashed its forecast of the country's economic growth this year to 0.4 percent from 1.7 percent, bank president Nout Wellink said, due to high oil prices and slow world economic growth. The central bank has long been more bullis
Published 09 Jun, 2005 12:00am
Result of banking diploma examination summer-2005

Result of banking diploma examination summer-2005

The Council of the Institute of Bankers Pakistan has announced the result of Banking Diploma Examination held in April, 2005. Following candidates have passed Part-II, Stage-III, Stage-II, Stage-I and Special Certificate Examination.

Published 09 Jun, 2005 12:00am
Boeing announces improved 20-year outlook

Boeing announces improved 20-year outlook

Planemaker Boeing Co announced an improved forecast for the airliner market on Wednesday, forecasting demand for 25,700 planes worth $2.1 trillion over the next 20 years. That was up by 700 planes or $100 billion from its forecast a year earlier, a news r
Published 09 Jun, 2005 12:00am
McDonald's May same-store sales up

McDonald's May same-store sales up

McDonald's Corp on Wednesday said sales at its hamburger restaurants open at least 13 months rose 1.8 percent in May as weakness in Germany, Japan and Britain partially offset a boost from fruit salads and extra hours in the United States. Same-store sale
Published 09 Jun, 2005 12:00am
Global chip sales to rise

Global chip sales to rise

Global semiconductor sales are expected to rise by 6 percent in 2005, more than previously forecast, driven by demand for personal computers and mobile phones, the US Semiconductor Industry Association said on Wednesday. Sales are expected to climb to a r
Published 09 Jun, 2005 12:00am
US scales back key tobacco demand to $10 billion

US scales back key tobacco demand to $10 billion

The Justice Department on Tuesday scaled back the cost and duration of a national quit-smoking campaign it had been expected to seek in its racketeering case against cigarette makers. Major tobacco companies should be forced to pay $10 billion over five y
Published 09 Jun, 2005 12:00am
NASD fines 15 brokerages

NASD fines 15 brokerages

Brokerages regulator NASD said on Wednesday it fined 15 brokerage firms a total of $34 million in a probe of "directed brokerage" abuses involving mutual funds. NASD said the brokerages gave preferential treatment to certain funds in exchange for brokerag
Published 09 Jun, 2005 12:00am
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