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Print - 2005-06-15
Integrated efforts urged to promote SMEs

Integrated efforts urged to promote SMEs

The Union of Small & Medium Enterprises (Unisame) has said SMEs upliftment was not everybody's job. According to press release, the Unisame president while speaking at a breakfast forum of senior citizens and intellectuals said it was a job of specialist
Published 15 Jun, 2005 12:00am
'Women empowerment must to check child labour'

'Women empowerment must to check child labour'

Participants of a panel discussion on 'Child Labour Issues in Pakistan' have called for taking immediate steps for economic empowerment of women so as to effectively tackle the menace of child labour. The event was jointly organised here on Tuesday by two
Published 15 Jun, 2005 12:00am
THE RUPEE: euro recovers in currency markets

THE RUPEE: euro recovers in currency markets

Technical support favoured the euro to come out of its recent drifting position in the world markets and in the open market on Tuesday as well, dealers said. Currency viewers said that it was observed that the dollar gave up it firmness on profit-taking a
Published 15 Jun, 2005 12:00am
Water flow: rotation plan reintroduced

Water flow: rotation plan reintroduced

The Director, Left Bank Canal Area Water Board, Badin, on Monday announced reintroduction of rotation programme with effect from June 14. According to the board, this step has been taken in view of decline in water flow in River Indus upstream of Kotri Ba
Published 15 Jun, 2005 12:00am
THE RUPEE: euro recovers in currency markets

THE RUPEE: euro recovers in currency markets

Technical support favoured the euro to come out of its recent drifting position in the world markets and in the open market on Tuesday as well, dealers said. Currency viewers said that it was observed that the dollar gave up it firmness on profit-taking a
Published 15 Jun, 2005 12:00am
No land allotted to DHA after 2002, Sindh Assembly told

No land allotted to DHA after 2002, Sindh Assembly told

Sindh Assembly was informed on Tuesday that the provincial government's Land Utilisation Department, with the approval of the then Sindh governor, had agreed for allotment of reclaimed land on lease at the rate of Rs 20 per sq. yard on 13-2-2001 to the De
Published 15 Jun, 2005 12:00am
Refinery: BOSICOR PAKISTAN LIMITED - Nine Months Ended 31-3-2005

Refinery: BOSICOR PAKISTAN LIMITED - Nine Months Ended 31-3-2005

The company was incorporated as a public limited company in the province of Sindh on January 09, 1995 having its registered and corporate offices located in Business Plaza Mumtaz Hassan Road Karachi. The principal business of the company is refining and s
Published 15 Jun, 2005 12:00am
Three shot dead in Quetta

Three shot dead in Quetta

Three persons were killed and eight wounded in a shoot out here on Tuesday. According to details, Lehri and Kalhori Rind tribes had clashed in Killi Gichkori on Monday over children's scuffle. Police Control told newsmen that on Tuesday morning Lehris wer
Published 15 Jun, 2005 12:00am
Refinery: BOSICOR PAKISTAN LIMITED - Nine Months Ended 31-3-2005

Refinery: BOSICOR PAKISTAN LIMITED - Nine Months Ended 31-3-2005

The company was incorporated as a public limited company in the province of Sindh on January 09, 1995 having its registered and corporate offices located in Business Plaza Mumtaz Hassan Road Karachi. The principal business of the company is refining and s
Published 15 Jun, 2005 12:00am
Democracy to figure in talks with New Zealand leadership

Democracy to figure in talks with New Zealand leadership

Pakistan President Pervez Musharraf's moves to restore democracy in his country are likely to be discussed when he visits New Zealand later this week, Prime Minister Helen Clark said on Tuesday. President Musharraf arrives on Thursday evening for talks wi
Published 15 Jun, 2005 12:00am
Refinery: PAKISTAN REFINERY LIMITED - Nine Months Ended March 31 2005

Refinery: PAKISTAN REFINERY LIMITED - Nine Months Ended March 31 2005

In the year 1959, the opening of this refinery was performed by Field Marshal Mohammad Ayub Khan, then, the President of Pakistan. The design capacity of the Refinery was to process one million tonnes of crude oil annually but that very year it was decide
Published 15 Jun, 2005 12:00am
Pakistan close to achieve polio-free status

Pakistan close to achieve polio-free status

The government's aggressive nation-wide mass vaccination campaign against the crippling disease has brought the country closer to achieve polio free status in the world. Talking to APP, a Health Ministry official said that in 1994, over 3,000 cases of Pol
Published 15 Jun, 2005 12:00am
Refinery: PAKISTAN REFINERY LIMITED - Nine Months Ended March 31 2005

Refinery: PAKISTAN REFINERY LIMITED - Nine Months Ended March 31 2005

In the year 1959, the opening of this refinery was performed by Field Marshal Mohammad Ayub Khan, then, the President of Pakistan. The design capacity of the Refinery was to process one million tonnes of crude oil annually but that very year it was decide
Published 15 Jun, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
Drilling of exploratory wells resented

Drilling of exploratory wells resented

Stakeholders including senior conservationists and environmentalists have expressed concern over growing trend of proposing mining, drilling and seismic surveys in protected areas of the country with particular reference to national parks and wildlife san
Published 15 Jun, 2005 12:00am
Suicide rate remains high

Suicide rate remains high

Suicide continues to stay as a disturbing factor in the country's social order and latest figures for the period from April 26 to May 26, 2005 show that 105 persons committed suicide, as reported in the Human Rights Commission of Pakistan journal, Jihade
Published 15 Jun, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jun, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Jun, 2005 12:00am
'Wheat output 5 percent less than government estimates'

'Wheat output 5 percent less than government estimates'

Despite preliminary estimates of bumper wheat crop, the actual production of wheat is 5 percent less than the government projections due to inclement weather at the maturing and harvesting stages of crop, agriculture experts and agro-economists said at a
Published 15 Jun, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
Rashid denies allegation of training militants

Rashid denies allegation of training militants

Minster for Information and Broadcasting Sheikh Rashid Ahmed, clarifying the concerns shown by the Indian external affairs ministry on Tuesday said that it had never been his policy to train militants. "It has never been my policy to train militants, I am
Published 15 Jun, 2005 12:00am
30 percent rise seen in mountaineering

30 percent rise seen in mountaineering

A record number of 78 mountaineering expeditions and trekking parties comprising 685 persons have been lured by the Korakarum this summer against 57 during 2004, showing a 30 percent increase. Sources in the tourism ministry told Business Recorder
Published 15 Jun, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Jun, 2005 12:00am
Rizvi also to look after TCP

Rizvi also to look after TCP

Federal Secretary Textiles Industry Syed Masood Alam Rizvi will also look after the affairs of Trading Corporation of Pakistan (TCP) as chairman. According to TCP sources here on Tuesday, the Cabinet Secretariat of Establishment Division in its notificati
Published 15 Jun, 2005 12:00am
Flour prices raised in twin cities

Flour prices raised in twin cities

Contrary to the government's tall claims of providing cheaper flour to the consumers and production of bumper wheat crop in the country, flour mill-owners have increased the price of 20kg flour bag by Rs 20-25 for the second time in less than three months
Published 15 Jun, 2005 12:00am
Powell breaks 100 metres world record

Powell breaks 100 metres world record

Jamaica's Asafa Powell broke the 100 metres world record here on Tuesday running 9.77 seconds. The 22-year-old's mark eclipses the old time of 9.78sec set by Tim Montgomery in Paris in September 2002. Powell, who failed to live up to his reputation in the
Published 15 Jun, 2005 12:00am
Spinners steer MCC to Tsunami match win

Spinners steer MCC to Tsunami match win

Spin trio Anil Kumble, Harbhajan Singh and Chris Gayle took nine wickets between them as MCC beat an International XI by 112 runs in their 50 overs per side Tsunami appeal match at Lord's here Tuesday. Man-of-the match Kumble, who dismissed Sanath Jayasur
Published 15 Jun, 2005 12:00am
Amendments to Finance Bill submitted to National Assembly

Amendments to Finance Bill submitted to National Assembly

The Central Board of Revenue (CBR) has submitted amendments to the Finance Bill (2005-06) to the National Assembly on Tuesday after its vetting by the Law and Justice Ministry. Official sources told Business Recorder that the CBR's amendment bill h
Published 15 Jun, 2005 12:00am
Decorations (Amendment) Bill passed by Senate

Decorations (Amendment) Bill passed by Senate

The Senate on Tuesday passed the Decorations (Amendment) Bill 2005 after a 'mild' debate on what the opposition called deteriorating law and order situation in the country and brutal role of Frontier Constabulary in Balochistan. The bill is aimed at intro
Published 15 Jun, 2005 12:00am
Decorations (Amendment) Bill passed by Senate

Decorations (Amendment) Bill passed by Senate

The Senate on Tuesday passed the Decorations (Amendment) Bill 2005 after a 'mild' debate on what the opposition called deteriorating law and order situation in the country and brutal role of Frontier Constabulary in Balochistan. The bill is aimed at intro
Published 15 Jun, 2005 12:00am
Lifting of ban on Sindh government land allotment under study

Lifting of ban on Sindh government land allotment under study

The Sindh government is considering to lift ban on allotment of government land to industrialists for setting up of industry, Chief Minister Dr Arbab Ghulam Rahim said on Tuesday. The chief minister was speaking at the launching ceremony of Chinese Chery
Published 15 Jun, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

No doubt the weeklong debate in both the Senate and the National Assembly on the budget was dominated by the opposition, but, quite paradoxically, at the end, the day was carried by Prime Minister Shaukat Aziz. After Minister of State for Finance Omar Ayu
Published 15 Jun, 2005 12:00am
National Assembly passes 108 demands for grants

National Assembly passes 108 demands for grants

Besides approving Rs 2.506 trillion charged expenditure included in the demands for grants and appropriations for the financial year 2006, the government on Tuesday passed 108 out of 170 demands for grants to meet expenditures of various federal ministrie
Published 15 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
$31 million deal signed with ADB for agribusiness uplift

$31 million deal signed with ADB for agribusiness uplift

The Asian Development Bank (ADB) on Tuesday signed a $31 million loan agreement with Pakistan for "agribusiness development project" to help develop a competitive and sustainable agribusiness sector in the country. Ministry of Food, Agriculture and Livest
Published 15 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
Wearing of helmet compulsory in Sindh

Wearing of helmet compulsory in Sindh

Sindh Home Minister Rauf Siddiqi has declared wearing of helmet compulsory as per law so as to protect motor-cycle riders against fatal accidents. Issuing directive to Traffic Police in this regard, the Home Minister said that in order to make the people
Published 15 Jun, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
Ufone opens service in Gwadar

Ufone opens service in Gwadar

One of the leading cellular phone companies, Ufone, has recently launched its service in Gwadar, says a press release here on Tuesday. It further said that keeping up with its pace, the Company is rapidly expanding its network and has been spreading out i
Published 15 Jun, 2005 12:00am
132kv power line inaugurated at SITE

132kv power line inaugurated at SITE

Karachi Electric Supply Corporation (KESC) managing-director Brigadier Tariq Mehmood Khan Saddozai inaugurated the 132kv double-circuit transmission line on Tuesday at Premier Battery in SITE area. The SITE was having continuous load shedding for the last
Published 15 Jun, 2005 12:00am
Opposition slams government on various issues

Opposition slams government on various issues

Punjab Assembly that commenced its post budget proceedings on Tuesday, opposition members posted their agitation on the arrest of Tehsil Nazim Kharian Nadim Asghar Kaira by a token walk out from the Assembly. Qasim Zia, Leader of the opposition severely c
Published 15 Jun, 2005 12:00am
Improved relations with Australia desired

Improved relations with Australia desired

President General Pervez Musharraf and Australian Governor General Major General Michael Jeffers (Retd) expressed the desire to enhance Pakistan-Australia relationship here at a brief meeting ahead of the state banquet hosted by the Governor General for t
Published 15 Jun, 2005 12:00am
Banks told to give exact reason for dishonouring cheques

Banks told to give exact reason for dishonouring cheques

The State Bank of Pakistan on Tuesday directed all banks and development finance institutions (DFIs) to record exact reason, instead of giving ambiguous reasons such as ''refer to drawer'' etc, when they return cheques unpaid. The SBP circular said that i
Published 15 Jun, 2005 12:00am
Banks told to give exact reason for dishonouring cheques

Banks told to give exact reason for dishonouring cheques

The State Bank of Pakistan on Tuesday directed all banks and development finance institutions (DFIs) to record exact reason, instead of giving ambiguous reasons such as 'refer to drawer' etc, when they return cheques unpaid. The SBP circular said that it
Published 15 Jun, 2005 12:00am
Banks told to give exact reason for dishonouring cheques

Banks told to give exact reason for dishonouring cheques

The State Bank of Pakistan on Tuesday directed all banks and development finance institutions (DFIs) to record exact reason, instead of giving ambiguous reasons such as 'refer to drawer' etc, when they return cheques unpaid. The SBP circular said that it
Published 15 Jun, 2005 12:00am
40 killed as Kurdish chief takes oath

40 killed as Kurdish chief takes oath

Iraqi violence killed at least 40 people on Tuesday as Kurds in the autonomous north swore in former rebel leader Massoud Barzani as their first president. The US military said a rocket-propelled grenade killed one soldier and wounded two more in Baghdad,
Published 15 Jun, 2005 12:00am
40 killed as Kurdish chief takes oath

40 killed as Kurdish chief takes oath

Iraqi violence killed at least 40 people on Tuesday as Kurds in the autonomous north swore in former rebel leader Massoud Barzani as their first president. The US military said a rocket-propelled grenade killed one soldier and wounded two more in Baghdad,
Published 15 Jun, 2005 12:00am
PC realises Rs 105 billion in two years

PC realises Rs 105 billion in two years

The Privatisation Commission (PC) realised proceeds to the tune of Rs 105 billion during the last two years, including recently conducted privatisation of Pakarab Fertilisers Limited and National Refinery Limited, as against Rs 93 billion from 1991 to 200
Published 15 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
PC realises Rs 105 billion in two years

PC realises Rs 105 billion in two years

The Privatisation Commission (PC) realised proceeds to the tune of Rs 105 billion during the last two years, including recently conducted privatisation of Pakarab Fertilisers Limited and National Refinery Limited, as against Rs 93 billion from 1991 to 200
Published 15 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
PC realises Rs 105 billion in two years

PC realises Rs 105 billion in two years

The Privatisation Commission (PC) realised proceeds to the tune of Rs 105 billion during the last two years, including recently conducted privatisation of Pakarab Fertilisers Limited and National Refinery Limited, as against Rs 93 billion from 1991 to 200
Published 15 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
Pakistani gets death sentence in Indonesia

Pakistani gets death sentence in Indonesia

An Indonesian court on Tuesday sentenced a Pakistani to death for drug trafficking, the latest in a series of death sentences against foreigners. Judges at a district court in Tangerang, south-west of Jakarta, ruled that Zulfikar Ali was guilty of traffic
Published 15 Jun, 2005 12:00am
Pakistan consulting EU on dumping issue: Maleeha

Pakistan consulting EU on dumping issue: Maleeha

Pakistan's High Commissioner to the UK, Dr Maleeha Lodhi has said that government was lobbying with key European Union (EU) countries to garner their support in removal of anti-dumping restrictions placed on country's bed linen exports to Europe. The envo
Published 15 Jun, 2005 12:00am
Joint power project in Indian occupied Kashmir ruled out

Joint power project in Indian occupied Kashmir ruled out

The Water and Power Development Authority (Wapda) has ruled out any possibility of Pak-India joint hydropower project in occupied Kashmir. Wapda chairman Tariq Hameed told Business Recorder here on Tuesday that Wapda has not so far received any pro
Published 15 Jun, 2005 12:00am
Joint power project in Indian occupied Kashmir ruled out

Joint power project in Indian occupied Kashmir ruled out

The Water and Power Development Authority (Wapda) has ruled out any possibility of Pak-India joint hydropower project in occupied Kashmir. Wapda chairman Tariq Hameed told Business Recorder here on Tuesday that Wapda has not so far received any pro
Published 15 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 14, 2005).

Published 15 Jun, 2005 12:00am
Joint power project in Indian occupied Kashmir ruled out

Joint power project in Indian occupied Kashmir ruled out

The Water and Power Development Authority (Wapda) has ruled out any possibility of Pak-India joint hydropower project in occupied Kashmir. Wapda chairman Tariq Hameed told Business Recorder here on Tuesday that Wapda has not so far received any pro
Published 15 Jun, 2005 12:00am
Trust Leasing becomes investment bank

Trust Leasing becomes investment bank

The Trust Leasing Corporation has turned into an investment bank after due permission from the State Bank of Pakistan on Tuesday to call it an investment bank. According to the notification here Tuesday SBP under Section 8 of Banking Companies Ordinance 1
Published 15 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield remained stable with its value going up by 0.03% to close at 95.27 on account of interest rate return. The market is waiting for inflation figures which are going to influence the direction of the market for the next few days.

Published 15 Jun, 2005 12:00am
US accused of tarnishing Pakistanis' reputation

US accused of tarnishing Pakistanis' reputation

The lawyer for two Pakistani prayer leaders threatened with deportation said on Monday that US officials unfairly tarnished their reputations by raising the threat of terrorism while announcing other arrests in the same California city. Immigration and Cu
Published 15 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield remained stable with its value going up by 0.03% to close at 95.27 on account of interest rate return. The market is waiting for inflation figures which are going to influence the direction of the market for the next few days.

Published 15 Jun, 2005 12:00am
Shabbir, 25 others arrested in Indian occupied Kashmir

Shabbir, 25 others arrested in Indian occupied Kashmir

Jammu and Kashmir Democratic Freedom Party President Shabbir Ahmed Shah and 25 other Kashmir liberation leaders and activists were arrested at Pampore in Indian Occupied Kashmir on Tuesday while on their way to Pulwama town. According to Kashmir Media Ser
Published 15 Jun, 2005 12:00am
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