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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-24
Foundation of bone marrow transplant unit laid

Foundation of bone marrow transplant unit laid

Pakistan Atomic Energy Commission (PAEC) has contributed enormously in the field of cancer treatment and agriculture research. These observations were made by Governor Punjab Lieutenant General Khalid Maqbool (Retd) on the eve of foundation stone laying o
Published 24 Jun, 2005 12:00am
FDI may break $1.1 billion record this year: BoI chief

FDI may break $1.1 billion record this year: BoI chief

Board of Investment (BoI) Chairman Wasim Haqqie said on Thursday that the figure of Foreign Direct Investment (FDI) might cross US 1.1 billion dollars record of the past at the end of this fiscal year. Speaking at a PTV programme, he said 1.03 dollars FDI
Published 24 Jun, 2005 12:00am
IDB members urged to formulate model Islamic financing law

IDB members urged to formulate model Islamic financing law

Securities and Exchange Commission of Pakistan (SECP) Chairman Dr Tariq Hassan has said that member countries of Islamic Development Bank (IDB) should join hands in formulating a model law on Islamic finance, based on Shariah and best practices.
Published 24 Jun, 2005 12:00am
What is happening to Pakistan's external sector?-II

What is happening to Pakistan's external sector?-II

I now turn to the next question, ie the External Debt and liabilities of Pakistan. Here again, I will like to begin by clarifying some basic concepts. External Debt was not fully reported until 1999 as External Liabilities such as Foreign Currency Deposit
Published 24 Jun, 2005 12:00am
Nepal writer seeks to unravel woes of her land

Nepal writer seeks to unravel woes of her land

Writer Manjushree Thapa was only 21 when she returned to her Nepalese homeland after attending college in the United States and found herself in the midst of the heady "Spring Awakening of 1990". The kingdom was in ferment, about to undergo a revolution t
Published 24 Jun, 2005 12:00am
Unless we change course

Unless we change course

B A Malik, our one-time ambassador during the BB regime, has counted (in a newspaper a number of ills of the country and at the end given the panacea for redeeming it all by saying,"If General Musharraf cannot unite the nation behind him, he should make w
Published 24 Jun, 2005 12:00am
Denial of US visa to retired judge

Denial of US visa to retired judge

The US government's treatment with Pakistani nationals after the September 11 attacks has become intolerable and inhuman. Thousands of Pakistanis are languishing in the US jails without being involved in illegal activities, but they have been subjected to
Published 24 Jun, 2005 12:00am
Indian power grows in poor, unstable Bolivia

Indian power grows in poor, unstable Bolivia

Bolivia's Indian movement is feeling powerful after forcing two presidents out of office in two years, and it says it will topple another if it does not win its ultimate goal - a new constitution granting Indian communities seats in Congress. An overhaul
Published 24 Jun, 2005 12:00am
Competitive performance of large banks: lies, damned lies and analyses

Competitive performance of large banks: lies, damned lies and analyses

An article by Mr Asif Said was published in the Business Recorder of June 20, 2005. The article attempts to analyse the performance of the four large banks of the country. In his analysis the author has made some very basic mistakes, which are eith
Published 24 Jun, 2005 12:00am
The Balochistan budget

The Balochistan budget

Presenting the Balochistan budget for 2005-06, with an outlay of Rs 46.378 billion and showing a deficit of Rs 5.245 billion, in the Provincial Assembly on June 22, Finance Minister Ehsan Shah, announced the government's historic decision to provide free
Published 24 Jun, 2005 12:00am
The Balochistan budget

The Balochistan budget

Presenting the Balochistan budget for 2005-06, with an outlay of Rs 46.378 billion and showing a deficit of Rs 5.245 billion, in the Provincial Assembly on June 22, Finance Minister Ehsan Shah, announced the government's historic decision to provide free
Published 24 Jun, 2005 12:00am
A crying need for transparency

A crying need for transparency

A report in this paper the other day made some disturbing disclosures about the lack of transparency and violations of procurement rules in various government departments and corporations. As the report recalled, the government had set up the Public Procu
Published 24 Jun, 2005 12:00am
Ikram new director EPB Sialkot

Ikram new director EPB Sialkot

Export Promotion Bureau (EPB) Lahore, Deputy Director, Ikramullah, has been promoted and posted as Director EPB Sialkot. He was earlier working as Incharge Helpdesk at the EPB Lahore.
Published 24 Jun, 2005 12:00am
'Medical faculty must be aware of modern developments'

'Medical faculty must be aware of modern developments'

"University of Health Sciences Lahore is going to develop a critical mass of master trainers who would train our medical faculty in teaching methodology and assessment of examinations. Teachers' training is as important as improvement in examination syste
Published 24 Jun, 2005 12:00am
ETPB registers record revenue increase

ETPB registers record revenue increase

Evacuee Trust Property Board (ETPB) has registered a record increase of 42 percent revenue, said its chairman Lieutenant General Zulfiqar Ali Khan (Retd) on Thursday. In an exclusive interview with APP here, he said that since their open auction, all prop
Published 24 Jun, 2005 12:00am
Railways to be converted into corporation

Railways to be converted into corporation

Pakistan Railways will be converted into a corporation within the next three months for which necessary spadework has already been done, said Federal Railways Minister Shamim Haider. Talking to newsmen here on Thursday, he said it would tie a state-run co
Published 24 Jun, 2005 12:00am
'Punjab PC Programme' launched

'Punjab PC Programme' launched

Intel Pakistan Corporation along with Bank of Punjab (BoP) and Punjab Information Technology Board (PITB) on Thursday announced their participation in "Punjab PC Programme", an initiative that will make affordable, high-quality PCs available to the people
Published 24 Jun, 2005 12:00am
PPP leader attempts self-immolation

PPP leader attempts self-immolation

A local leader of Pakistan Peoples Party (PPP) and Taunsa Sharif Tehsil Naib Nazim Dilshad Shaheen attempted to burn himself after sprinkling petrol on his body in protest against police attitude, however, the Nazim and his other associates foiled the att
Published 24 Jun, 2005 12:00am
ARD and MMA to face PML in local government polls

ARD and MMA to face PML in local government polls

The Alliance for Restoration of Democracy (ARD) and Muttahida Majlis-e-Amal (MMA) would contest the forthcoming local government (LG) elections under joint strategy to face the Pakistan Muslim League (PML-Q) and its allied parties. PML (N) Central Finance
Published 24 Jun, 2005 12:00am
UHS graduates can apply for registration in UK

UHS graduates can apply for registration in UK

The General Dental Council (GDC), UK has recognised the dental degree of the University of Health Sciences (UHS) Lahore, and now UHS graduates would be able to apply for registration in the United Kingdom. A letter has been issued by the registration offi
Published 24 Jun, 2005 12:00am
Mango growers seek exemption from farm, water taxes

Mango growers seek exemption from farm, water taxes

Mango Growers Association (MGA) demanded of the Punjab government to exempt farm and water taxes for year 2005 in districts of the mango cluster areas badly hit by the dust storm of 9th. June. The meeting demanded agriculture debt relief from banks as wel
Published 24 Jun, 2005 12:00am
Correction

Correction

The news item appearing in Thursday, 23rd June issue of Business Recorder, captioned, 'Qul' mistakenly carried the name of the deceased as Begum Sabiha Yousuf while the correct name was Begum Mohammad Ashiq Malik. The mistake is regretted.
Published 24 Jun, 2005 12:00am
Cement price hike hits building industry

Cement price hike hits building industry

Unprecedented and unbridled hike in the prices of cement has not only hit the whole construction industry hard but also rendered hundreds and thousands of people attached with this industry jobless. Pakistan Concrete Products Industries Association Presid
Published 24 Jun, 2005 12:00am
LCCI concerned over hike in cement prices

LCCI concerned over hike in cement prices

The LCCI President, Mian Misbahur Rehman, Senior Vice-President Sohail Lashari and Vice-President Sheikh Mohammad Arshad, while expressing grave concern over sharp rise in cement prices in short span of a few days, have urged the government to take immedi
Published 24 Jun, 2005 12:00am
The Weather

The Weather

The weather report on Thursday (June 23) and the forecast for Friday (June 24, 2005).
Published 24 Jun, 2005 12:00am
Draft law on children rights prepared

Draft law on children rights prepared

The government has prepared a comprehensive draft law on the rights of children, which will be placed before the parliament in its next sitting. Minister for Parliamentary Affairs, Dr Sher Afgan Khan Niazi, stated this while addressing a seminar on childr
Published 24 Jun, 2005 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 24 Jun, 2005 12:00am
Six injured in Rawalpindi gas explosion

Six injured in Rawalpindi gas explosion

At least six persons were injured in a blast in Shafi Hotel Committee Chowk here on Thursday. Experts and eyewitnesses said the blast took place due to gas leakage. Injured were rushed to Rawalpindi General Hospital (RGH) and other local hospitals.
Published 24 Jun, 2005 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 24 Jun, 2005 12:00am
Dialogue amongst religions, cultures imperative: Maleeha

Dialogue amongst religions, cultures imperative: Maleeha

The need to promote dialogue and co-operation amongst religions and cultures was no longer an option for our contracting world, but it was a political and imperative. Pakistan's High Commissioner in London0 Dr Maleeha Lodhi said this while addressing a co
Published 24 Jun, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
Union Bank official calls on NWFP governor

Union Bank official calls on NWFP governor

The Senior Vice President of Union Bank, Adnan Haider called on the NWFP Governor Khalil-ur-Rehman at Governor's House here on Thursday. Adnan Haider who was also accompanied by M. Naeem Khan, Area Manager of the bank, remained with the governor for some
Published 24 Jun, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
Train stoppage

Train stoppage

Pakistan Railways (PR) in order to facilitate the passengers have provided one-minute stoppage to three trains at Green Town halt with immediate effect. According to a Railways spokesman, these trains are 223-Up/224-Down (Okara passenger), 321-Up (mixed t
Published 24 Jun, 2005 12:00am
Key stock market movements at 1700 GMT on June 23

Key stock market movements at 1700 GMT on June 23

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 24 Jun, 2005 12:00am
USAID official meets Punjab University vice-chancellor

USAID official meets Punjab University vice-chancellor

United States Agency for International Development (USAID) Regional Co-ordinator for South Asian Regional Initiative/Energy Robyn McGuckin called on Punjab University vice-chancellor here on Thursday. She said USAID was focusing on providing technical tra
Published 24 Jun, 2005 12:00am
US envoy meets Justice Iftikhar

US envoy meets Justice Iftikhar

US Ambassador to Pakistan Ryan C Crocker called on the Chief Justice-designate Justice Iftikhar Muhammad Chaudhry here on Thursday and felicitated him on his elevation. Supreme Court registrar Budha Khan described the meeting as a "courtesy call" by the e
Published 24 Jun, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
British MPs call for Kashmiris' inclusion in dialogue process

British MPs call for Kashmiris' inclusion in dialogue process

British Member Parliaments (MPs) have called for inclusion of Kashmiris in Pak-India dialogue process for finding a lasting solution of the pestering issue of Kashmir in line with wishes of the Jammu and Kashmir's people. They were speaking at an "Afterno
Published 24 Jun, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (June 23, 2005) and Friday (June 24, 2005).
Published 24 Jun, 2005 12:00am
Biharis' rehabilitation: plea adjourned

Biharis' rehabilitation: plea adjourned

The Lahore High Court (LHC) on Wednesday adjourned to July 7 the proceedings in a petition filed by Lahore High Court Bar Association (LHCBA) member praying the court to take necessary steps for rehabilitation of Biharis in Pakistan. The petitioner M D Ta
Published 24 Jun, 2005 12:00am
Foundation stone of NIHCR laid

Foundation stone of NIHCR laid

The Federal Minister for Education Javed Ashraf Qazi said that the first phase of National Institute of Historical and Cultural Research (NIHCR) will be completed at Quaid-e-Azam University within a year, costing Rs 33.20 million. He was addressing a foun
Published 24 Jun, 2005 12:00am
Seminar

Seminar

A seminar on "Efficient usage of energy for better Pakistan" will be held on Thursday at Wapda Auditorium Wapda House Lahore. Chairman Wapda Tariq Hamid will be the chief guest on this occasion.
Published 24 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 23, 2005).

Published 24 Jun, 2005 12:00am
ICCI to build 'export display centre' soon

ICCI to build 'export display centre' soon

Islamabad Chamber of Commerce and Industry (ICCI) Exports Display Center Committee (EDCC) has decided to start work on the project of Export Display Center very soon, says a press release issued here on Wednesday. In a statement ICCI President Tariq Sadiq
Published 24 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
Founders criticises LCCI

Founders criticises LCCI

The Founders President, Haji Muhammad Asif, has alleged that the Lahore Chamber of Commerce and Industry (LCCI) could not prepare audited accounts of its delegation to Tajikistan. In a statement issued here on Thursday Asif claimed that the LCCI President
Published 24 Jun, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
First insured mango consignment exported to Paris

First insured mango consignment exported to Paris

For the first time, an insured mango consignment was exported to Paris (France) on Wednesday. The insured mango consignment moved by Ali Internationals through the efforts of Pakistan Horticulture Development & Export Board (PHDEB), which persuaded the ex
Published 24 Jun, 2005 12:00am
Priority schemes allocation prerogative of ruling party: Shah

Priority schemes allocation prerogative of ruling party: Shah

Balochistan Finance Minister Syed Ehsan Shah dismissed the outcry by the opposition members regarding non allocation of schemes in their respective constituencies saying "it was always the prerogative of the ruling party to decide the same." He was addres
Published 24 Jun, 2005 12:00am
Khuhro's wife passes away

Khuhro's wife passes away

Wife of the opposition leader in Sindh Assembly, Nisar Ahmed Khuhro, passed away on Thursday. Funeral prayers of Ms Shahnaz Nisar Khuhro were held at Larkana where she was laid to rest at the ancestral graveyard. An announcement here on Thursday said the
Published 24 Jun, 2005 12:00am
THE RUPEE: sharp recovery in interbank rates

THE RUPEE: sharp recovery in interbank rates

Dollars' selling eased pressure over the rupee in the interbank market on Thursday, recovering six paisa versus the US currency for buying and eight paisa against selling at 59.69 and 59.70, respectively. The domestic currency managed to gain handsome gro
Published 24 Jun, 2005 12:00am
CDS maintenance

CDS maintenance

The Central Depository Company of Pakistan Limited (CDC), the infrastructure company of the capital market, has announced that its flagship Central Depository System (CDS) will not be operational on June 25 due to technical maintenance.
Published 24 Jun, 2005 12:00am
THE RUPEE: sharp recovery in interbank rates

THE RUPEE: sharp recovery in interbank rates

Dollars' selling eased pressure over the rupee in the interbank market on Thursday, recovering six paisa versus the US currency for buying and eight paisa against selling at 59.69 and 59.70, respectively. The domestic currency managed to gain handsome gro
Published 24 Jun, 2005 12:00am
CDS maintenance

CDS maintenance

The Central Depository Company of Pakistan Limited (CDC), the infrastructure company of the capital market, has announced that its flagship Central Depository System (CDS) will not be operational on June 25 due to technical maintenance.
Published 24 Jun, 2005 12:00am
Zarai Taraqiati ratings reaffirmed

Zarai Taraqiati ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed credit ratings of Zarai Taraqiati Bank Limited (ZTBL) at 'AAA/A-1+' (Triple A / A-One plus) with 'Stable' outlook.
Published 24 Jun, 2005 12:00am
Zarai Taraqiati ratings reaffirmed

Zarai Taraqiati ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed credit ratings of Zarai Taraqiati Bank Limited (ZTBL) at 'AAA/A-1+' (Triple A / A-One plus) with 'Stable' outlook.
Published 24 Jun, 2005 12:00am
APNS withdraws protest call

APNS withdraws protest call

The All Pakistan Newspapers Society (APNS) has provisionally withdrawn protest day call for Saturday (June 25) on the assurance of the Prime Minister that the issue of ban on government advertisements would be settled amicably. APNS secretary-general Kazi
Published 24 Jun, 2005 12:00am
Human Resource moot on July 26

Human Resource moot on July 26

Nutshell Forum is organising 3rd Annual Pakistan Human Resource Strategy Forum with the theme of "Emerging Issues in Human Resource Management" on July 26 to 27, 2005, says a press release issued here on Thursday. Prominent human resource professionals fr
Published 24 Jun, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
SHC extends interim order on PDF lottery

SHC extends interim order on PDF lottery

The Sindh High Court on Thursday, extending their interim stay order, further restrained Punjab government from distribution of prizes of "Crorepati" lottery till July 4, 2005. The court was hearing constitutional petition against "Crorepati" lottery, int
Published 24 Jun, 2005 12:00am
Arrangements completed for KCCI fair

Arrangements completed for KCCI fair

The Karachi Chamber of Commerce and Industry (KCCI) has made all arraignments to hold three-day exhibition "My Karachi: Oasis of Harmony". Sindh governor Dr Ishratul Ibad Khan will inaugurate the exhibition Friday morning. This is the second exhibition or
Published 24 Jun, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 24 Jun, 2005 12:00am
HBL joins MNET with MCB

HBL joins MNET with MCB

The Habib Bank Limited (HBL) has signed an agreement with the Muslim Commercial bank (MCB) to join the Merchant Network (MNET) for wider acceptance of the HBL cards. MCB President and Chief Executive Mohammad Aftab Manzoor, and HBL President and CEO R Zak
Published 24 Jun, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
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 24 Jun, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Jun, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 24 Jun, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Jun, 2005 12:00am
Shaukat hails ADB support to reform agenda

Shaukat hails ADB support to reform agenda

The Asian Development Bank (ADB) has been a major development partner of Pakistan and its contribution towards the country's socio-economic progress will be long remembered since it had always stood by Pakistan, Prime Minister Shaukat Aziz said here on We
Published 24 Jun, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Jun, 2005 12:00am
No fresh contacts with government: PPP spokesman

No fresh contacts with government: PPP spokesman

There are no fresh contacts between the PPP and the government after talks broke down when the government made an aborted attempt to take over the leadership of Benazir Bhutto, PPP spokesman Senator Farhatullah Babar said in a statement on Thursday. A sec
Published 24 Jun, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (June 23, 2005).

Published 24 Jun, 2005 12:00am
OMV Corporation team calls on Musharraf

OMV Corporation team calls on Musharraf

A delegation of a multinational petroleum organisation, OMV Corporation, led by Wolfgang Ruttenstorfer, Chief Executive Officer (CEO) of the corporation, called on President General Pervez Musharraf here, on Thursday. The President welcoming the delegatio
Published 24 Jun, 2005 12:00am
Need stressed to promote Sindhi language

Need stressed to promote Sindhi language

The writers and intellectuals have emphasised upon the need to set up a foundation or trust to work for the promotion of Sindhi language both in Pakistan and India. They were speaking at a reception hosted for the three-member delegation of Sindhi writers
Published 24 Jun, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Jun, 2005 12:00am
100,000 new jobs soon for skilled youths in media sector: Rashid

100,000 new jobs soon for skilled youths in media sector: Rashid

Minister for Information and Broadcasting Sheikh Rashid Ahmed on Thursday said that around 100,000 new jobs would be available soon for the skilled youth in the media sector. Addressing the 21st Graduation Ceremony of the probationers of Information Group
Published 24 Jun, 2005 12:00am
Troops rescue over 300 families in flood-hit areas

Troops rescue over 300 families in flood-hit areas

Over 300 families were rescued by troops of Pakistan Army on the second day of rescue operation in flood-hit areas in the outskirts of Peshawar, Charsadda, and Nowshera. According to a release of the ISPR here on Thursday, the worst flood-hit areas are vi
Published 24 Jun, 2005 12:00am
MMA Council meeting cancelled: no new date announced

MMA Council meeting cancelled: no new date announced

In view of persisting internal differences, the Muttahida Majlis-i-Amal on Thursday cancelled its Supreme Council meeting. No new date has been fixed yet. The MMA leaders, more importantly Qazi Hussain Ahmed and Maulana Fazlur Rehman sought more time to s
Published 24 Jun, 2005 12:00am
Rashid's application given to Indian occupied Kashmir authorities

Rashid's application given to Indian occupied Kashmir authorities

Federal minister Sheikh Rashid's application form for visit to Srinagar was submitted on Thursday to occupied Kashmir authorities. The designated authority for Muzaffarabad-Srinagar Bus Service, Deputy Commissioner Muzaffarabad Chaudhry Liaquat Hussain ha
Published 24 Jun, 2005 12:00am
Kasuri takes up visa issue with Crocker

Kasuri takes up visa issue with Crocker

Pakistan has taken up the issue of difficulties being experienced by legitimate Pakistani travellers to the United States. Foreign Minister Khurshid Mahmood Kasuri on Wednesday received the US Ambassador Ryan C Crocker at his request and discussed difficu
Published 24 Jun, 2005 12:00am
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