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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-10
Key stock market movements at 1700 GMT on June 09

Key stock market movements at 1700 GMT on June 09

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 10 Jun, 2005 12:00am
Zia made Punjab IG Police

Zia made Punjab IG Police

Motorway and National Highway Police Inspector General Zia-ul-Hassan on Thursday has been appointed as the Punjab Police IG with immediate effect, says a notification issued. Zia-ul-Hassan, a career officer of police services, had joined the police depart
Published 10 Jun, 2005 12:00am
PPCBL to extend Rs 8 billion loans to farmers

PPCBL to extend Rs 8 billion loans to farmers

General Manager Punjab Provincial Co-operative Bank Limited (PPCBL) Raja Allah Baksh has said that the bank will provide loans to the tune of Rs 8 billion to the small farmers in the province till June 2005, under different schemes. He said this while add
Published 10 Jun, 2005 12:00am
220-kv Bahawalpur grid station inaugurated

220-kv Bahawalpur grid station inaugurated

The Water & Power Development Authority (Wapda) has commissioned four new double-circuit transmission lines of 220-kv during the current fiscal year in order to reinforce its transmission system. Wapda Chairman, Tariq Hamid told this while inaugurating 22
Published 10 Jun, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
25 civil judges transferred

25 civil judges transferred

The Chief Justice of the Lahore High Court (LHC) made transfers and postings among 25 civil judges cum judicial magistrates. According to a notification, civil judge cum judicial magistrate Rana Muhammad Khan has been transferred from Lahore to Rojhan, Ja
Published 10 Jun, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (June 09) and Friday (June 10, 2005).
Published 10 Jun, 2005 12:00am
LCCI hails 15 percent tariff slab in customs duty

LCCI hails 15 percent tariff slab in customs duty

The federal government has taken a right step by introducing another tariff slab of 15 percent in the customs duty as announced through federal budget 2005-06. Convenor Lahore Chamber of Commerce and Industry (LCCI) Standing Committee on Customs, Tariff,
Published 10 Jun, 2005 12:00am
Lawyers protest over desecration of Holy Quran

Lawyers protest over desecration of Holy Quran

The lawyers' community observed strike and boycotted court proceedings to register its protest against sacrilege of Holy Quran by American military men in Guantanamo bay. The lawyers organised rallies and took out processions against the desecration of Ho
Published 10 Jun, 2005 12:00am
Restoration of carries forward facility in sales tax demanded

Restoration of carries forward facility in sales tax demanded

Withdrawal of facility of carry forward in sales tax would create more problems for the local manufacturers as sales tax department has no mechanism to pay refund claims to 80,000 taxpayers every month. This has been claimed by the Pakistan Industrial & T
Published 10 Jun, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
Education University to impart training to 25,000 students

Education University to impart training to 25,000 students

Forty-six constituent colleges of University of Education will impart training of modern education technology to 25,000 students in Punjab during next two years, while number of students having higher education in teaching strategy would reach to 50,000 i
Published 10 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
MMA demonstration today

MMA demonstration today

The Muttahida Majlis-e-Amal (MMA) has announced to hold a peaceful demonstration and sit-in outside Sindh assembly at 4.00 pm on Friday. The demonstration is being staged to lodge protest against the murder of MMA leader Aslam Mujahid, government's failur
Published 10 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
Well-16 at Adhi gasfield declared productive

Well-16 at Adhi gasfield declared productive

Well-16 at Adhi Field, located in districts of Chakwal and Rawalpindi, has been declared productive, which will produce approximately 900 barrel oil and 7.5 mmcf gas per day, it is learnt reliably. According to tests conducted by experts so far, Well-16 h
Published 10 Jun, 2005 12:00am
USAID Director to visit IMS

USAID Director to visit IMS

The USAID Country Director Ms Lisa Chiles will be visiting the Institute of Management Sciences (IMS) Hayatabad Peshawar on Monday (June 13). Her visit is primarily aimed at increasing the existing interaction between two institutions. USAID has partnered
Published 10 Jun, 2005 12:00am
NWFP Assembly panel concerned at numberplates frauds

NWFP Assembly panel concerned at numberplates frauds

Members of the NWFP assembly standing committee on excise and taxation members expressed cocern over the reported irregularities in computerised number plates of vehicles and decided that ex-Director Excise and Taxation along with the contractors concerne
Published 10 Jun, 2005 12:00am
THE RUPEE: all round gains in money market

THE RUPEE: all round gains in money market

The rupee gave up its overnight weakness both in open market and in the interbank market on Thursday, gaining 20 paisa on buying counter and 25 paisa on selling in the kerb trade , while gaining three paisa versus the dollar for buying and selling at 59.
Published 10 Jun, 2005 12:00am
HP appoints Lyons as EVP

HP appoints Lyons as EVP

HP has announced that it has appointed Cathy Lyons, a 26-year-old company veteran, to serve as executive vice president and chief marketing officer (CMO) with immediate effect. A press release issued by the company said that Lyons assumes CMO responsibili
Published 10 Jun, 2005 12:00am
THE RUPEE: all round gains in money market

THE RUPEE: all round gains in money market

The rupee gave up its overnight weakness both in open market and in the interbank market on Thursday, gaining 20 paisa on buying counter and 25 paisa on selling in the kerb trade , while gaining three paisa versus the dollar for buying and selling at 59.
Published 10 Jun, 2005 12:00am
SCCI demands early recovery of currency dealer

SCCI demands early recovery of currency dealer

Sarhad Chamber of Commerce & Industry (SCCI) senior vice president Sharafat Ali Mubarak has criticised the provincial government and local administration for failure in recovery of currency dealer Ajmal Saraf, abducted from Peshawar. In a press release is
Published 10 Jun, 2005 12:00am
43 Bahawalnagar villages declared calamity-hit

43 Bahawalnagar villages declared calamity-hit

Punjab Chief Minister Chaudhry Pervaiz Elahi, while declaring 43 villages of Bahawalnagar district as calamity affected has granted total remission in local rate, abiana, agricultural income-tax and development cess for Rabi crops 2004-2005. The Relief Co
Published 10 Jun, 2005 12:00am
Nine killed in Khariyan court premises

Nine killed in Khariyan court premises

At least nine persons were killed while 11 others wounded, when an armed group opened fire upon their rivals at the court of additional sessions judge, Muzaffar Hussain in Khariyan on Thursday. According to reports, Kaloo Dhenda group and Chaudhry Abbas g
Published 10 Jun, 2005 12:00am
PTCL union threatens action

PTCL union threatens action

The PTCL Unions Action Committee has threatened that it will take strict action if privatisation commission announces new date for the privatisation of PTCL without any agreement with the union. While addressing a press conference here on Thursday, PTCL u
Published 10 Jun, 2005 12:00am
Fish farmer arrested

Fish farmer arrested

Muslim Town Police Station here on Thursday arrested a leading fish farmer of Pakpattan for giving a bogus cheque of Rs 6 million to other party. According to detail the accused Ahmad Ali Kamboh had a business deal with a party for expanding and strengthe
Published 10 Jun, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
Attitude of opposition leaders criticised

Attitude of opposition leaders criticised

Provincial Minister for Parliamentary Affairs Muhammad Basharat Raja said that irresponsible attitude of leaders of opposition parties is annoying their members and a number of more oppositions members are likely to join ruling PML in near future. While t
Published 10 Jun, 2005 12:00am
Chief Secretary calls report on Manchar lake water contamination

Chief Secretary calls report on Manchar lake water contamination

Sindh Chief Secretary Fazlur Rehman has called for a report within one week regarding the contamination of Manchar Lake water as highlighted at a seminar. Human Rights Commission of Pakistan in Hyderabad organised a seminar wherein a report was presented
Published 10 Jun, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
'Duty reduction on imported cars to hit local industry'

'Duty reduction on imported cars to hit local industry'

Former Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president and prominent automobile manufacturer, Raja Abdul Rehman has termed the reduction of duty on import of new cars in budget as lethal blow to local car industry.
Published 10 Jun, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2005 12:00am
Hosiery makers demand more incentives

Hosiery makers demand more incentives

Pakistan Hosiery Manufactures Association (PHMA) former Chairman Zubair Motiwala has urged the government to allocate funds for availability of yarn, water, power and infrastructure development in new trade policy to achieve higher exports in textile sect
Published 10 Jun, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2005 12:00am
State Life donates Rs 2.5 million to Napa

State Life donates Rs 2.5 million to Napa

The State Life Insurance Corporation of Pakistan on Thursday donated Rs 2.5 million to National Academy of Performing Arts (Napa) to help promote and sustain country's rich legacy of classical, traditional and contemporary arts. State Life Chairman Kamal
Published 10 Jun, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Jun, 2005 12:00am
Installation of modern streetlights inaugurated

Installation of modern streetlights inaugurated

The City District Government Karachi (CDGK) has started work on Rs 40 million project to install modern technology streetlights at Sharae Faisal, which would be completed in three months time in four stages. City Nazim Naimatullah Khan laid the foundation
Published 10 Jun, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
FDI likely to cross $1 billion mark by end of 2004-05

FDI likely to cross $1 billion mark by end of 2004-05

Foreign Direct Investment (FDI) in Pakistan is likely to cross 1 billion dollar mark by the end of the current fiscal year 2004-05. FDI has registered an increase of 17.2 percent in the first ten months (July-April 2004-05), rising from 760.4 million doll
Published 10 Jun, 2005 12:00am
Kati chief to lead committee on law and order

Kati chief to lead committee on law and order

Sindh Home Minister Abdul Rauf Siddiqui has announced to establish a high powered committee headed by Chairman Korangi Association of Trade and Industry (Kati), Audul Haseeb Khan, on law and order in Korangi industrial area. Presiding over a meeting of th
Published 10 Jun, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Jun, 2005 12:00am
CDC selects NCR for establishment of call center

CDC selects NCR for establishment of call center

Central Depository Company (CDC) has selected NCR Call Centre Solution to support its strategy for the delivery channels. Call Centre Solution and the web application will enable CDC to extend its services over the web and the phone, through which its cus
Published 10 Jun, 2005 12:00am
Mango production to be higher by 9 percent this season: PHDEB

Mango production to be higher by 9 percent this season: PHDEB

The total mango production will be higher by nine percent this season as official estimates put the figure around 1.2 million tons this season, compared to 1.1 million tons of maango crop, recorded last year According to officials in Pakistan Horticulture
Published 10 Jun, 2005 12:00am
No duty on export of rice, potatoes to Sri Lanka

No duty on export of rice, potatoes to Sri Lanka

The Free Trade Agreement (FTA) between Pakistan and Sri Lanka will strengthen economic relations between the two countries in South Asian region. This was stated by Sri Lanka's Consul General in Karachi Manil De Silva during a lunch meeting with the membe
Published 10 Jun, 2005 12:00am
British Pakistani gets Wig and Pen Prize

British Pakistani gets Wig and Pen Prize

The Law Society of England has presented the prestigious 'Wig and Pen Prize" to a British Pakistani Mahnaz Malik at a simple ceremony on late Monday for founding the British Pakistan Law Council. This is the first time an Asian has won this prestigious aw
Published 10 Jun, 2005 12:00am
New quota-free regime to benefit Pakistani textiles trade

New quota-free regime to benefit Pakistani textiles trade

Pakistan, China and India are widely expected to gain from the new quota-free system of global textile trade. Pakistan may benefit from the export of raw cotton, yarn cloth and garments that account for three-fifth of the country's overseas shipments. Acc
Published 10 Jun, 2005 12:00am
NRB urges media to highlight local government problems

NRB urges media to highlight local government problems

Muhammad Naeem-ul-Haq, member of National Reconstruction Bureau (NRB), has urged the print and electronic media to highlight the problems of the local governments and suggest their solutions. Speaking at a one-day Capacity Building Workshop on the local g
Published 10 Jun, 2005 12:00am
Lawyers protest against desecration of Quran

Lawyers protest against desecration of Quran

The Pakistan Bar Council (PBC) on Thursday demanded the International NGOs, OIC, Amnesty International, Human Rights Watch and Secretary General United Nations to take serious note of desecration of the Holy Quran at Guantanamo Bay and the trial of respon
Published 10 Jun, 2005 12:00am
Pak-Saudi Parliamentary co-operation discussed

Pak-Saudi Parliamentary co-operation discussed

The Vice-Chairman of Majlis Ashura, Kingdom of Saudi Arabia Mahmoud A. Taiba called on Chairman Senate, Mohammadmian Soomro here at his chamber in the Parliament House on Thursday. Matters pertaining to mutual interest and Pak-Saudi Parliamentary co-opera
Published 10 Jun, 2005 12:00am
Britain hails APHC leaders visit to Pakistan

Britain hails APHC leaders visit to Pakistan

Britain on Thursday welcomed the visit to Pakistan by All Parties Hurriyat Conference leaders, saying the welcomed development was a result of the ongoing peace process between two South Asian neighbours. It "is a welcomed development and is a result of t
Published 10 Jun, 2005 12:00am
Agriculture Marketing Department to monitor demand-supply position

Agriculture Marketing Department to monitor demand-supply position

Punjab Finance Minister Sardar Husnain Dreshak has said to check prices of essential commodities in the province, the Agriculture Marketing Department has been assigned a task to monitor demand and supply situation, and ensure sufficient supply of essenti
Published 10 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
Rs 500 million allocated to improve judicial system

Rs 500 million allocated to improve judicial system

The Punjab government has allocated amount of Rs 500 million in the ADP 2005-06 to bring improvement in justice delivery services in the province. The amount would be utilised for an effective, expeditious, inexpensive and quality justice system, said the
Published 10 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
Allocations for agriculture and allied sectors enhanced

Allocations for agriculture and allied sectors enhanced

The Punjab government has increased budgetary allocations for agriculture and its allied sectors and allocated Rs 925 million for agriculture development, Rs 500 million for livestock, Rs 74.186 million for forest sector, Rs 173.916 million for management
Published 10 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am
Pakistan elected to ILO governing body

Pakistan elected to ILO governing body

Pakistan has been elected to the governing body of the International Labour Organisation (ILO) for the term 2005-08 by obtaining 198 votes. The election was held during the 93rd session of the International Labour Conference in Geneva.
Published 10 Jun, 2005 12:00am
Rent raise to benefit 12 percent government employees

Rent raise to benefit 12 percent government employees

The government's decision to increase the house rent by 134 percent excluded those employees living in government accommodations and requisitioned houses. Sources with finance ministry disclosed that the employees whose house rent was freezed with 1991 pa
Published 10 Jun, 2005 12:00am
Means to mitigate marine pollution highlighted

Means to mitigate marine pollution highlighted

Experts were of the view that information on radioisotope-based analytical techniques be supplied to end user for mitigation of marine pollution. They expressed their concerns at the inaugural session of 3-day training course on "Harmful Algal Bloom Conce
Published 10 Jun, 2005 12:00am
Research document on elections launched

Research document on elections launched

A detailed research document entitled "Conducting Elections for Public Representatives" launched here on Thursday highlighted challenges of conducting free and transparent elections and the need for an independent election commission. The recently publish
Published 10 Jun, 2005 12:00am
M 2 declared unsafe for VVIP movement

M 2 declared unsafe for VVIP movement

The ministry of interior and various intelligence agencies have declared the Islamabad-Lahore Motorway (M 2) unsafe for VVIP movement, well-placed sources in the ministry told Business Recorder, here on Thursday. The intelligence agencies operating
Published 10 Jun, 2005 12:00am
Agribusiness project: $31 million loan deal to be signed with ADB

Agribusiness project: $31 million loan deal to be signed with ADB

The Asian Development Bank (ADB) will sign a $31 million loan agreement with Pakistan for "Agribusiness Development Project" this month to help in developing a competitive and sustainable agribusiness sector. A well-placed source told Business Recorder
Published 10 Jun, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Both the Senate and the National Assembly on Thursday held marathon sittings to discuss the federal budget, with opposition dominating the proceedings but it was Parliamentary Affairs Minister Sher Afgan who stole the limelight. Not only that he demanded
Published 10 Jun, 2005 12:00am
Two new taxes to raise call charges at public call offices

Two new taxes to raise call charges at public call offices

The imposition of two new taxes on the pay phone industry in the budget (2005-2006) will raise the call charges at the Public Call Offices (PCOs) directly hitting the poor people using phone booths across the country. The Finance Bill (2005-2006) proposed
Published 10 Jun, 2005 12:00am
KS&EW hands over two tugs to PQA

KS&EW hands over two tugs to PQA

The Karachi Shipyard and Engineering Works (KS&EW) has handed over two tugs to Port Qasim Authority. A press release issued here on Thursday said the KS&EW delivered two tugs, Sachal and Deebal to the PQA. The PQA placed order for construction of two tugs
Published 10 Jun, 2005 12:00am
Gillette launches MACH-3 Turbo Champion

Gillette launches MACH-3 Turbo Champion

Gillette is selling its products on an average price, as there is an expression that the company's prices of products are too expensive. Gillette Pakistan Chief Executive Zafar Siddiqui claimed this, while addressing at the launch of "New Gillette MACH-3
Published 10 Jun, 2005 12:00am
APHC leaders given warm welcome in Karachi

APHC leaders given warm welcome in Karachi

The Kashmiri leaders belonging to All Parties Hurriyat Conference (APHC) were given a rousing welcome when they flew in here on Thursday on a 2-day visit to the city. Present on the occasion to greet the Kashmiri leaders was Sindh Chief Minister Dr Arbab
Published 10 Jun, 2005 12:00am
'SBP monetary policy structure has changed'

'SBP monetary policy structure has changed'

The State Bank of Pakistan has conflicting objectives when it tries to achieve export competitiveness and exchange rate stability through monetary policy, an IMF research paper said It also found that the monetary policy structure has changed over time an
Published 10 Jun, 2005 12:00am
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