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Print - 2005-06-22
Gillani sees solution of Kashmir issue only in UN resolutions

Gillani sees solution of Kashmir issue only in UN resolutions

Chief of his own faction of All Parties Hurriyat Conference (APHC) Syed Ali Gillani has asked the Pakistani nation not to pull back from its national stance on Kashmir issue and the demand for implementation of UN resolutions for solution of Kashmir probl
Published 22 Jun, 2005 12:00am
Parts of Karachi receive first showers

Parts of Karachi receive first showers

Parts of city on Tuesday received first showers of the season due to a low pressure developed over Northeast Arabian Sea that moved towards Northwest and lies about 300km Southeast. The people, who were braving scorching heat for the last many days and wi
Published 22 Jun, 2005 12:00am
Malaysian tourism effort from June 23

Malaysian tourism effort from June 23

The Malaysian Tourism Promotion Board (MTPB) is organising a promotional effort in Pakistan from June 23 till July 1. According to the MTPB, the drive will provide a platform for the Malaysian private sector to further explore the business opportunities p
Published 22 Jun, 2005 12:00am
River Kabul rises to dangerous levels

River Kabul rises to dangerous levels

River Kabul has risen to dangerous levels in different parts of the NWFP, especially at Nowshera, where the discharge is over 0.1 million cusecs. The rise in River Kabul is attributed to widespread rains in the catchment areas in Pakistan and Afghanistan.
Published 22 Jun, 2005 12:00am
NBP and Pioneer Cement sign accord

NBP and Pioneer Cement sign accord

The National Bank of Pakistan (NBP) signed an agreement with the Pioneer Cement Limited (PCL) on Tuesday to help the latter in expanding its production capacity. NBP Risk Management Group Chief Javed Mahmood, and Pioneer Cement Managing Director Javed Ali
Published 22 Jun, 2005 12:00am
Probe not to delay Gwadar port opening: minister

Probe not to delay Gwadar port opening: minister

The government on Tuesday dispelled the impression that recent directive of Prime Minister Shaukat Aziz to probe into irregularities in the allotment and sale of state-owned land in Gwadar could cause further delay in the inauguration of country's biggest
Published 22 Jun, 2005 12:00am
PC asks Hassan Associates to submit offer for KESC

PC asks Hassan Associates to submit offer for KESC

The Privatisation Commission (PC) has asked a consortium of local companies to submit an offer for a 73 percent stake in the Karachi Electric Supply Corporation (KESC), officials said on Tuesday. The offer was made to Hassan Associates Consortium after Sa
Published 22 Jun, 2005 12:00am
PC asks Hassan Associates to submit offer for KESC

PC asks Hassan Associates to submit offer for KESC

The Privatisation Commission (PC) has asked a consortium of local companies to submit an offer for a 73 percent stake in the Karachi Electric Supply Corporation (KESC), officials said on Tuesday. The offer was made to Hassan Associates Consortium after Sa
Published 22 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
PC asks Hassan Associates to submit offer for KESC

PC asks Hassan Associates to submit offer for KESC

The Privatisation Commission (PC) has asked a consortium of local companies to submit an offer for a 73 percent stake in the Karachi Electric Supply Corporation (KESC), officials said on Tuesday. The offer was made to Hassan Associates Consortium after Sa
Published 22 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Indian army roadmap on Siachen pullback

Indian army roadmap on Siachen pullback

The Indian army said on Tuesday it has prepared a roadmap for the withdrawal of troops from the Siachen glacier. "We have given our viewpoint to the government on converting the Saltoro ridge and the glacier into a demilitarised zone," army chief general
Published 22 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Indian army roadmap on Siachen pullback

Indian army roadmap on Siachen pullback

The Indian army said on Tuesday it has prepared a roadmap for the withdrawal of troops from the Siachen glacier. "We have given our viewpoint to the government on converting the Saltoro ridge and the glacier into a demilitarised zone," army chief general
Published 22 Jun, 2005 12:00am
Afghan police, US air strikes kill 32 Taleban

Afghan police, US air strikes kill 32 Taleban

Hundreds of Afghan police, backed by US air strikes, retook control of a district capital that was overrun by the Taleban last week, killing 32 fleeing guerrillas and capturing at least 15, police said. The Taleban insurgents took Mian Nishin district of
Published 22 Jun, 2005 12:00am
Afghan police, US air strikes kill 32 Taleban

Afghan police, US air strikes kill 32 Taleban

Hundreds of Afghan police, backed by US air strikes, retook control of a district capital that was overrun by the Taleban last week, killing 32 fleeing guerrillas and capturing at least 15, police said. The Taleban insurgents took Mian Nishin district of
Published 22 Jun, 2005 12:00am
Pakistan violated Kashmir bus pact: Manmohan

Pakistan violated Kashmir bus pact: Manmohan

Indian Prime Minister Manmohan Singh accused Pakistan on Tuesday of violating bilateral travel agreement on the newly launched trans-Kashmir bus service. Manmohan said Pakistan breached the pact earlier this month by allowing occupied Kashmiri leaders to
Published 22 Jun, 2005 12:00am
Pakistan violated Kashmir bus pact: Manmohan

Pakistan violated Kashmir bus pact: Manmohan

Indian Prime Minister Manmohan Singh accused Pakistan on Tuesday of violating bilateral travel agreement on the newly launched trans-Kashmir bus service. Manmohan said Pakistan breached the pact earlier this month by allowing occupied Kashmiri leaders to
Published 22 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Kabul urges Islamabad to arrest militants

Kabul urges Islamabad to arrest militants

Afghanistan urged Pakistan on Tuesday to clamp down on militants hiding on its side of the border, a day after Kabul said it had arrested three Pakistanis for plotting to assassinate the US ambassador. "There are elements on Pakistani soil who train terro
Published 22 Jun, 2005 12:00am
Kabul urges Islamabad to arrest militants

Kabul urges Islamabad to arrest militants

Afghanistan urged Pakistan on Tuesday to clamp down on militants hiding on its side of the border, a day after Kabul said it had arrested three Pakistanis for plotting to assassinate the US ambassador. "There are elements on Pakistani soil who train terro
Published 22 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield decreased by 9 basis points. The value of the index increased by 0.38% to close at 98.07. Yield to maturities declined further due to more demand. The market expects further demand in fixed income securities over the next few days.

Published 22 Jun, 2005 12:00am
Musharraf and Karzai discuss bilateral issues

Musharraf and Karzai discuss bilateral issues

President General Pervez Musharraf held a telephonic conversation with his Afghan counterpart President Hamid Karzai on Tuesday. Both the leaders discussed matters of bilateral interest as well as developments of regional and international significance. O
Published 22 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield decreased by 9 basis points. The value of the index increased by 0.38% to close at 98.07. Yield to maturities declined further due to more demand. The market expects further demand in fixed income securities over the next few days.

Published 22 Jun, 2005 12:00am
Musharraf and Karzai discuss bilateral issues

Musharraf and Karzai discuss bilateral issues

President General Pervez Musharraf held a telephonic conversation with his Afghan counterpart President Hamid Karzai on Tuesday. Both the leaders discussed matters of bilateral interest as well as developments of regional and international significance. O
Published 22 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

BMA-PGBI yield decreased by 9 basis points. The value of the index increased by 0.38% to close at 98.07. Yield to maturities declined further due to more demand. The market expects further demand in fixed income securities over the next few days.

Published 22 Jun, 2005 12:00am
Saudi-Pak initiates margin financing

Saudi-Pak initiates margin financing

Saudi-Pak Industrial and Agricultural Investment Company (Pvt) Limited has started margin financing which is replacing COT finance of the local bourses. It has committed finance of Rs 300 million and is considering requests for financing of Rs 700 million
Published 22 Jun, 2005 12:00am
Saudi-Pak initiates margin financing

Saudi-Pak initiates margin financing

Saudi-Pak Industrial and Agricultural Investment Company (Pvt) Limited has started margin financing which is replacing COT finance of the local bourses. It has committed finance of Rs 300 million and is considering requests for financing of Rs 700 million
Published 22 Jun, 2005 12:00am
Saudi-Pak initiates margin financing

Saudi-Pak initiates margin financing

Saudi-Pak Industrial and Agricultural Investment Company (Pvt) Limited has started margin financing which is replacing COT finance of the local bourses. It has committed finance of Rs 300 million and is considering requests for financing of Rs 700 million
Published 22 Jun, 2005 12:00am
China encourages textile companies to invest in other countries

China encourages textile companies to invest in other countries

The Chinese government is encouraging its textile companies to invest in textile sector outside the country, especially in countries which are known for cotton production. This was stated by the Chairman of Chinese Chamber of Commerce for Import and Expor
Published 22 Jun, 2005 12:00am
16 injured in gas explosion

16 injured in gas explosion

Sixteen persons received burn injuries in an explosion caused by leakage of Sui-gas in a jeweler's shop at Saddar main bazaar, Cantonment here, on Tuesday. The injured were rushed to CMH and Mayo Hospital for treatment, police said. A motorcycle parked ou
Published 22 Jun, 2005 12:00am
16 injured in gas explosion

16 injured in gas explosion

Sixteen persons received burn injuries in an explosion caused by leakage of Sui-gas in a jeweler's shop at Saddar main bazaar, Cantonment here, on Tuesday. The injured were rushed to CMH and Mayo Hospital for treatment, police said. A motorcycle parked ou
Published 22 Jun, 2005 12:00am
Attock group pays 25 percent NRL bid money

Attock group pays 25 percent NRL bid money

The authorised representative of Attock Oil Group of companies, Shuaib A Malik, on Tuesday handed over here a pay order worth Rs 4,103,783,901 as first installment (25 percent) of the total offer of Rs 16.415 billion, to Dr Abdul Hafeez Shaikh, Federal Mi
Published 22 Jun, 2005 12:00am
SHV Holding chief meets Musharraf

SHV Holding chief meets Musharraf

A delegation of SHV Holding Netherlands and House of Habib led by Chairman SHV, P.C Klover called on President General Pervez Musharraf here on Tuesday. The president welcomed the delegation and briefed them about various economic measures and policies of
Published 22 Jun, 2005 12:00am
CBR to submit 400 tax defaulters' list to National Assembly body

CBR to submit 400 tax defaulters' list to National Assembly body

The Central Board of Revenue (CBR) has decided to submit a list of around 400 sales tax and central excise defaulters to the National Assembly standing committee on finance in its next meeting on June 29, 2005. Official sources told Business Recorder <
Published 22 Jun, 2005 12:00am
Tariff Commission to probe into unfair trade practices

Tariff Commission to probe into unfair trade practices

The National Tariff Commission (NTC) has asked the Pakistani industrialists that if they are facing unfair trade practices, especially dumping, subsidies given to foreign exporters/manufactures and in case of a sudden surge in import of a particular produ
Published 22 Jun, 2005 12:00am
Tariff Commission to probe into unfair trade practices

Tariff Commission to probe into unfair trade practices

The National Tariff Commission (NTC) has asked the Pakistani industrialists that if they are facing unfair trade practices, especially dumping, subsidies given to foreign exporters/manufactures and in case of a sudden surge in import of a particular produ
Published 22 Jun, 2005 12:00am
Tariff Commission to probe into unfair trade practices

Tariff Commission to probe into unfair trade practices

The National Tariff Commission (NTC) has asked the Pakistani industrialists that if they are facing unfair trade practices, especially dumping, subsidies given to foreign exporters/manufactures and in case of a sudden surge in import of a particular produ
Published 22 Jun, 2005 12:00am
PPL general manager escapes attempt on life

PPL general manager escapes attempt on life

Pakistan Petroleum Ltd (PPL) General Manager Human Resources, Mohammed Iftikar, was wounded in an attack by two unidentified gunmen early on Tuesday morning in Karachi's Defence Housing Authority neighbourhood, said a press release. The gunmen riding in a
Published 22 Jun, 2005 12:00am
PPL general manager escapes attempt on life

PPL general manager escapes attempt on life

Pakistan Petroleum Ltd (PPL) General Manager Human Resources, Mohammed Iftikar, was wounded in an attack by two unidentified gunmen early on Tuesday morning in Karachi's Defence Housing Authority neighbourhood, said a press release. The gunmen riding in a
Published 22 Jun, 2005 12:00am
US and South African consultants interviewed for PMU job

US and South African consultants interviewed for PMU job

The Central Board of Revenue (CBR) conducted interviews of two foreign consultants from USA and South Africa through video conferencing at World Bank (WB) office, Islamabad, for appointment as Project Manager for Program Management Unit (PMU) for speedy i
Published 22 Jun, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Cisco networks to work closer with applications

Cisco networks to work closer with applications

Cisco Systems Inc on Tuesday launched technology to make computer networks smarter, faster and more secure by making the equipment that directs data link better with the software applications that use it. Called Application Oriented Networking, or AON, th
Published 22 Jun, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 21, 2005).
Published 22 Jun, 2005 12:00am
Six Krispy Kreme officers ousted

Six Krispy Kreme officers ousted

Krispy Kreme Doughnuts Inc has forced out six company officers after a special board committee looking into the restaurant chain's accounting practices said they should be "discharged." Among the officers were four senior vice presidents that had a wide r
Published 22 Jun, 2005 12:00am
China to launch textile export quota system

China to launch textile export quota system

China has announced plans to launch a new quota system to check its booming exports of textiles, a mechanism for effecting a deal reached with the European Union 10 days ago that eased trade friction. China cancelled export quotas at the start of January
Published 22 Jun, 2005 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Iran ends mobile licence talks with Turkcell

Iran ends mobile licence talks with Turkcell

Iran ended mobile licence talks with Turkcell after the Turkish mobile operator insisted on a controlling stake, and started discussions with South Africa's MTN, an Iranian telecoms official said on Tuesday. Masoum Fardis, manager of Iran's second private
Published 22 Jun, 2005 12:00am
ISE index loses 121.33 points

ISE index loses 121.33 points

Bears snatched the floor from the bulls at the Islamabad Stock Exchange (ISE) where selling-pressure in trend-setters moved the index in minus territory amid decrease in index. ISE Network Index was down by 121.33 points as the composite index moved from
Published 22 Jun, 2005 12:00am
ISE index loses 121.33 points

ISE index loses 121.33 points

Bears snatched the floor from the bulls at the Islamabad Stock Exchange (ISE) where selling-pressure in trend-setters moved the index in minus territory amid decrease in index. ISE Network Index was down by 121.33 points as the composite index moved from
Published 22 Jun, 2005 12:00am
Petroleum sector leads LSE decline

Petroleum sector leads LSE decline

Led by petroleum sector, equities suffered losses across the board on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of selling pressure in PTCL. The LSE-25 index declined by 102.73 points, closing at 3794.50 against 3897.23
Published 22 Jun, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Petroleum sector leads LSE decline

Petroleum sector leads LSE decline

Led by petroleum sector, equities suffered losses across the board on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of selling pressure in PTCL. The LSE-25 index declined by 102.73 points, closing at 3794.50 against 3897.23
Published 22 Jun, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Heat wave kills 40

Heat wave kills 40

More than 40 people have been killed across the country by extremely hot weather and the searing temperatures are expected to last at least a couple more days, officials said on Tuesday. Most of the fatalities have come in Punjab, where temperatures soare
Published 22 Jun, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (June 21, 2005).

Published 22 Jun, 2005 12:00am
Heat wave kills 40

Heat wave kills 40

More than 40 people have been killed across the country by extremely hot weather and the searing temperatures are expected to last at least a couple more days, officials said on Tuesday. Most of the fatalities have come in Punjab, where temperatures soare
Published 22 Jun, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 22 Jun, 2005 12:00am
Musharraf and Bush discuss war on terrorism

Musharraf and Bush discuss war on terrorism

US President George W. Bush and President General Pervez Musharraf discussed the war on terrorism by telephone on Tuesday, according to White House spokesman Scott McClellan. "They discussed good co-operation in the war on terrorism" as well as developmen
Published 22 Jun, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 22 Jun, 2005 12:00am
Musharraf and Bush discuss war on terrorism

Musharraf and Bush discuss war on terrorism

US President George W. Bush and President General Pervez Musharraf discussed the war on terrorism by telephone on Tuesday, according to White House spokesman Scott McClellan. "They discussed good co-operation in the war on terrorism" as well as developmen
Published 22 Jun, 2005 12:00am
Donors help sought for ''special initiatives''

Donors help sought for ''special initiatives''

Prime Minister Shaukat Aziz on Tuesday outlined "special initiatives" in the social sector to be launched in the current financial year and asked the donor countries and agencies to be a "partner in progress" and help the government achieve its developmen
Published 22 Jun, 2005 12:00am
New York cocoa down on speculative sales, eyes Ivory Coast

New York cocoa down on speculative sales, eyes Ivory Coast

US cocoa futures finished in negative territory in quiet business on Monday on some light speculative pressure as the market digested last week's run-up to two-month highs and monitored renewed tensions in leading grower Ivory Coast, market sources said.
Published 22 Jun, 2005 12:00am
Donors help sought for 'special initiatives'

Donors help sought for 'special initiatives'

Prime Minister Shaukat Aziz on Tuesday outlined "special initiatives" in the social sector to be launched in the current financial year and asked the donor countries and agencies to be a "partner in progress" and help the government achieve its developmen
Published 22 Jun, 2005 12:00am
Brazil soya sales spurt to China

Brazil soya sales spurt to China

Brazilian soya exports to China are expected to pick up after a slow start this year as producers cash in on higher Chicago prices and doubts swirl about the new US crop, industry sources said on Monday. Brazilian soyabean exports to China totalled 2.83 m
Published 22 Jun, 2005 12:00am
Donors help sought for 'special initiatives'

Donors help sought for 'special initiatives'

Prime Minister Shaukat Aziz on Tuesday outlined "special initiatives" in the social sector to be launched in the current financial year and asked the donor countries and agencies to be a "partner in progress" and help the government achieve its developmen
Published 22 Jun, 2005 12:00am