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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-25
THE RUPEE: euro loses sharply in open market

THE RUPEE: euro loses sharply in open market

The euro slid sharply versus the rupee in the open market on Friday, losing 90 paisa in a single day decline for buying and selling at Rs 72.30 and Rs 72.50, dealers said. The rupee managed to gain two paisa in relation to the dollar for buying and sellin
Published 25 Jun, 2005 12:00am
NFC award to be announced soon: My Karachi-Oasis of Harmony inaugurated

NFC award to be announced soon: My Karachi-Oasis of Harmony inaugurated

Governor Sindh Dr Ishratul Ibad Khan has said that National Finance Commission (NFC) award will soon be finalised and announced. Addressing the inaugural ceremony of exhibition, "My Karachi-Oasis of Harmony", organised by the Karachi Chamber of Commerce a
Published 25 Jun, 2005 12:00am
Islamic Chamber chief due today

Islamic Chamber chief due today

The President of Islamic Chamber of Commerce and Industry (ICCI), Shaikh Salah Bin Abdullah Kamel, is scheduled to visit Pakistan from June 25 to 27. He would be accompanied by Khalid Rabah Director General ICCI. Shaikh Salah Bin Abdullah was elected as I
Published 25 Jun, 2005 12:00am
Picic Insurance assigned IFS rating

Picic Insurance assigned IFS rating

JCR-VIS has assigned an Insurer Financial Strength (IFS) rating of 'BBB+' (Triple B Plus) to Picic Insurance Limited (PIL). Outlook on the assigned rating is 'Stable'. The company is managed by an experienced management team and has a panel of strong re-i
Published 25 Jun, 2005 12:00am
Picic Insurance assigned IFS rating

Picic Insurance assigned IFS rating

JCR-VIS has assigned an Insurer Financial Strength (IFS) rating of 'BBB+' (Triple B Plus) to Picic Insurance Limited (PIL). Outlook on the assigned rating is 'Stable'. The company is managed by an experienced management team and has a panel of strong re-i
Published 25 Jun, 2005 12:00am
Pak-Libya Holding ratings maintained

Pak-Libya Holding ratings maintained

Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating of 'AA-' (Double A minus) and short-term rating of 'A1+' (A One Plus) of Pak-Libya Holding Company (Pvt) Limited. The ratings, applicable to the senior unsecured creditors of the co
Published 25 Jun, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (June 17, 2005).

Published 25 Jun, 2005 12:00am
EDP workshop in steel sector

EDP workshop in steel sector

The Engineering Development Board (EDB) would hold a two-day international workshop on "Investment opportunities in steel sector of Pakistan" next month here to attract investment in the sector. The higher growth economy rate in general and industrial pro
Published 25 Jun, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (June 24, 2005).

Published 25 Jun, 2005 12:00am
Musharraf's decision about NFC acceptable: Sindh chief minister

Musharraf's decision about NFC acceptable: Sindh chief minister

Sindh Chief Minister, Dr Arbab Ghulam Rahim has said that the decision of President General Pervez Musharraf regarding National Finance Commission (NFC) award would be acceptable to all the four provinces. The four chief ministers recently held meeting re
Published 25 Jun, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jun, 2005 12:00am
Plan to equip railway stations with Acs

Plan to equip railway stations with Acs

The government is planning to equip the entire railway stations with air-condition facility, an attempt, authorities believe, would provide some relief to passengers in the scorching heat. "We are planning to facilitate all the stations with air-condition
Published 25 Jun, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jun, 2005 12:00am
PML to decide about Humayun's brother: Shujaat

PML to decide about Humayun's brother: Shujaat

Pakistan Muslim League President Chaudhry Shujaat Hussain on Friday said that the decision whether or not to field Humayun Akhtar's brother for the slot of Lahore Nazim will be made by the party. President General Pervez Musharraf came to help in ending S
Published 25 Jun, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Jun, 2005 12:00am
Aid for Afghan flood victims

Aid for Afghan flood victims

Pakistan Red Crescent Society (PRCS) has handed-over relief goods worth Rs 25 million to Afghan Ambassador Dr Nangurayal Tarzi, here on Friday for flood and rains victims of Jalalabad. Chairman of PRCS, Jahan Dad Khan handed-over the relief items that inc
Published 25 Jun, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (June 24, 2005).

Published 25 Jun, 2005 12:00am
Afghan transport minister due on June 28

Afghan transport minister due on June 28

Amid ongoing war of words and burgeoning tension between the two neighbouring countries, Afghanistan Transport Minister Enayatullah Qasemi is likely to visit Pakistan on June 28. Sources in the Communication Ministry said that the Afghan minister would ar
Published 25 Jun, 2005 12:00am
NWFP demands Rs 5 billion to meet flood losses

NWFP demands Rs 5 billion to meet flood losses

The NWFP Assembly on Friday passed a resolution unanimously demanding of the federal government to announce a special assistance of Rs 5 billion to meet damages and losses caused by the recent devastating floods in the province. The resolution was tabled
Published 25 Jun, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Jun, 2005 12:00am
Bone marrow transplant unit

Bone marrow transplant unit

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 25 Jun, 2005 12:00am
Piler reveals over 6.8 million bonded labour in Sindh

Piler reveals over 6.8 million bonded labour in Sindh

The official figure of bonded labourers in Pakistan, which is between 5,000 to 7,000, seems completely unrealistic as the independent estimates might be far more higher than the government figures. The most recent survey of bonded labourers, carried out b
Published 25 Jun, 2005 12:00am
Saudi forces' team visits NUML

Saudi forces' team visits NUML

The four-member Royal Saudi Land Forces (RSLF) delegation, led by Lieutenant Colonel Khalid bin Safar Al Gamdi, visited the National University of Modern Languages (NUML) here on Friday. Immediately on arrival, the members of the RSLF were taken to the co
Published 25 Jun, 2005 12:00am
CDA to hire foreign firms to set up 'Land Bank'

CDA to hire foreign firms to set up 'Land Bank'

For turning the civic body of the Capital into a corporate entity to generate funds for mega development schemes, the Capital Development Authority (CDA) has decided to hire foreign firms to set up a "Land Bank" in Islamabad, sources said on Friday. The m
Published 25 Jun, 2005 12:00am
Siraj hopeful of getting Rs 345 billion from Wapda

Siraj hopeful of getting Rs 345 billion from Wapda

NWFP Finance Minister Siraj-ul-Haq on Friday informed the provincial assembly that the dream of getting Rs 345 billion outstanding against Wapda on account of hydel power generation was likely to come true soon, and added that the province would not accep
Published 25 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 25 Jun, 2005 12:00am
Social sector uplift plan being implemented: Punjab chief minister

Social sector uplift plan being implemented: Punjab chief minister

Punjab Chief Minister Chaudhry Pervaiz Elahi said government was spending huge amount on provision of health, education and other basic facilities to the citizens. He added that a comprehensive programme was being implemented in all major cities of the pr
Published 25 Jun, 2005 12:00am
Drive to destroy bolls on cotton sticks

Drive to destroy bolls on cotton sticks

The Agriculture Department will launch a special campaign from June 25-July 5 to destroy the bolls left over on cotton sticks, and save the current cotton crop from the attack of pink boll-worm. Secretary Agriculture Punjab, Fayyaz Bashir has directed the
Published 25 Jun, 2005 12:00am
$0.45 million ADB aid likely for Frontier

$0.45 million ADB aid likely for Frontier

The Asian Development Bank (ADB) is likely to approve a Technical Assistance (TA) of $0.45 million for the preparation of "north-west Frontier Province Devolved Social Services Programme" aimed at making the services delivery more effective, equitable and
Published 25 Jun, 2005 12:00am
5th International Kashmir peace conference on July 14

5th International Kashmir peace conference on July 14

The Fifth international Kashmir peace conference entitled 'The Kashmir dispute and building a peaceful South Asia' will be held on July 14, at the Cannon House Office Building. The Conference is being organised by the Association of Humanitarian Lawyers a
Published 25 Jun, 2005 12:00am
AAG seeks time on plea against PTCL leaders detention

AAG seeks time on plea against PTCL leaders detention

Sindh Additional Advocate General on Friday sought time before the Sindh High Court to seek instructions from the provincial government regarding detention of union leader of Pakistan Telecommunication Company Limited (PTCL) under Maintenance of Public Or
Published 25 Jun, 2005 12:00am
PRS suggests exhibiting Pakistani rice in Dubai

PRS suggests exhibiting Pakistani rice in Dubai

The Pakistan Rice Syndicate (PRS) in a meeting with Khaleej Times representative Muhammad Moeen has suggested to hold an exhibition in Dubai under the patronage of Khaleej Times to exhibit the different varieties of Pakistani rice.
Published 25 Jun, 2005 12:00am
Saudi Pak Bank branch at SITE area opens

Saudi Pak Bank branch at SITE area opens

Chairman SITE Association of Industry (SAI), Dr Mirza Ikhtiar Baig Friday formally inaugurated the new branch of Saudi Pak Bank Branch at SITE area. President & CEO Saudi Pak Bank Mansoor Khan, SEVP Faqir Ejaz Asghar, SVP Khalil Qureshi and other senior m
Published 25 Jun, 2005 12:00am
Prime Minister urges PIA to be more competitive

Prime Minister urges PIA to be more competitive

Prime Minister Shaukat Aziz on Thursday asked the national flag carrier, PIA to achieve a high degree of professionalism and position itself to meet competition. He was addressing a gathering here at the Chaklala Air Base to preview the new Boeing 777-LR,
Published 25 Jun, 2005 12:00am
Hafeez terms PTCL's deal as pro-employees privatisation

Hafeez terms PTCL's deal as pro-employees privatisation

Minister for Privatisation Dr Hafeez Sheikh while terming the transaction of Pakistan Telecommunication Company Limited (PTCL) as pro-employees privatisation, said they were the main beneficiaries of that deal. It would not affect the rights of employees
Published 25 Jun, 2005 12:00am
'Reward and punishment to go together in police department'

'Reward and punishment to go together in police department'

The NWFP Inspector General of Police (IGP) Muhammad Raffat Pasha has reiterated his commitment that reward and punishment in police force would go together. He added police Jawans who showed brilliance and out-standing performance would be awarded and enc
Published 25 Jun, 2005 12:00am
SCBA opposes establishment of federal courts

SCBA opposes establishment of federal courts

The Supreme Court Bar Association (SCBA) on Friday reiterated its opposition to the establishment of Federal Courts (FCs) and asked for enhancement in judges strength in the superior courts. SCBA ex-president and former Justice Tariq Mehmood termed it as
Published 25 Jun, 2005 12:00am
Supreme Court to have five benches next week

Supreme Court to have five benches next week

A petition seeking bail pending hearing of a request for suspension of sentence of Javed Hashmi is listed before the Second Bench of the Supreme Court for next Monday. The Bench reconstituted because of changes that will follow the coming retirement of Ch
Published 25 Jun, 2005 12:00am
MQM parliamentarians visit KESC Power House

MQM parliamentarians visit KESC Power House

A delegation of Muttahida Qaumi Movement (MQM) comprising MNAs and MPAs visited the Karachi Electric Supply Corporation (KESC) Power House, Elander Road. The delegation held comprehensive discussions with KESC Managing Director Brigadier Tariq Saddozai an
Published 25 Jun, 2005 12:00am
Drug addicts shifting on synthetic derivatives of opiates

Drug addicts shifting on synthetic derivatives of opiates

'International day against drug abuse and illicit trafficking' will be observed under the auspices of United Nations across the world, including Pakistan on June 26 with a pledge that all out efforts would continue to create a narcotics free society. The
Published 25 Jun, 2005 12:00am
Visit to occupied Srinagar not to hit peace process: Rashid

Visit to occupied Srinagar not to hit peace process: Rashid

Minister for Information and Broadcasting, Sheikh Rashid Ahmed has said he wanted to visit occupied Srinagar to meet his kin and the situation should not be made a 'bone of contention'. Talking to media persons here Friday who sought his comments on the c
Published 25 Jun, 2005 12:00am
Pakistan to attend SCO summit on July 5

Pakistan to attend SCO summit on July 5

Pakistan will attend the Shanghai Co-operation Organisation (SCO) summit to be held on July 5 in Astana, the capital of Kazakhstan. Pakistan is taking part in the SCO's deliberations for the first time with an 'Observer' status. A spokesman of the Chinese
Published 25 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (June 24, 2005).

Published 25 Jun, 2005 12:00am
Four Sindh University scholars to get PhD degrees

Four Sindh University scholars to get PhD degrees

The Board of Advanced Studies, University of Sindh, in its 83rd meeting here on Tuesday approved to award Ph.D. degrees to four candidates in various disciplines of the Faculties of Natural and Social Sciences. The candidates who will be awarded Ph.D. deg
Published 25 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (June 24, 2005).

Published 25 Jun, 2005 12:00am
Provinces asked to take steps to deal with floods

Provinces asked to take steps to deal with floods

The federal government has directed all the provincial governments to take protective measures to avoid any emergency due to floods. The water level in all the NWFP rivers is dangerously higher. Due to this, storage of water at various barrages in the Nor
Published 25 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (June 24, 2005).

Published 25 Jun, 2005 12:00am
'Liver disease treatment among high priority health schemes'

'Liver disease treatment among high priority health schemes'

Sindh government, acknowledging the fact that Hepatitis is a growing as well as serious health problem in the country, has incorporated treatment and prevention of liver disease among its top priority health care schemes.
Published 25 Jun, 2005 12:00am
MAS general sales agent for Gulf Air in Pakistan

MAS general sales agent for Gulf Air in Pakistan

The Marhaba Aviation Services has become the General Sales Agent for the Gulf Air for entire Pakistan, press release issued here on Friday said. This prominent achievement made the Marhaba Aviation Services the largest GSA for any foreign operating in Pak
Published 25 Jun, 2005 12:00am
Plea to appoint PMA administrator for fair elections

Plea to appoint PMA administrator for fair elections

The Pakistan Association of Private Medical and Dental Institutions (Pami) has urged the Sindh Governor to appoint an administrator in the Pakistan Medical Association (PMA) to hold free and fair elections as it has become a political party. In a press re
Published 25 Jun, 2005 12:00am
SSGC launches 'safe driving' campaign

SSGC launches 'safe driving' campaign

The Sui Southern Gas Company (SSGC) has launched a campaign to promote "safe driving" among its officers and subordinate staff in Sindh and Balochistan. According to a press release, the inaugural ceremony of the campaign was held at the SSGC head office
Published 25 Jun, 2005 12:00am
MPs asked to remain in contact with masses

MPs asked to remain in contact with masses

Prime Minister Shaukat Aziz on Friday said the government would encourage alternative energy resources for sustaining economic growth. He was talking to Minister of State for Culture Muhammad Ali Durrani and member provincial assembly (MPA) Chaudhry Kamra
Published 25 Jun, 2005 12:00am
Signature campaign against karo kari launched

Signature campaign against karo kari launched

Pakistan Muslim League has launched a "signature campaign" to create awareness for eradicating crime of honour-killing from the society. Adviser to Prime Minister on Women Development, Nilofer Bakhtiar made these comments, while addressing a seminar on "H
Published 25 Jun, 2005 12:00am
Government committed to poverty alleviation: Musharraf

Government committed to poverty alleviation: Musharraf

President General Pervez Musharraf has said that the government is fully committed to alleviate poverty and transfer the benefits of the economic achievements at the grassroots level. He was speaking at a function organised by Amir Begum Welfare Trust her
Published 25 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 15 basis points today while the value of the index increased by 0.61% to close at 98.86. Yields to maturity decreased due to demand witnessed in long term fixed income securities from market players.

Published 25 Jun, 2005 12:00am
Talks on Wullar Barrage from June 28

Talks on Wullar Barrage from June 28

Indo-Pak talks on Wullar Barrage/Tulbul Navigation Project will be held next week with Pakistan delegation to arrive here on Monday (June 27). As part of composite dialogue, talks on the Wullar Barrage will begin on June 28, diplomatic sources said here o
Published 25 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 15 basis points today while the value of the index increased by 0.61% to close at 98.86. Yields to maturity decreased due to demand witnessed in long term fixed income securities from market players.

Published 25 Jun, 2005 12:00am
'Uplift of countries depends on functional democracy'

'Uplift of countries depends on functional democracy'

The development of any country will not be realised without a functional, transparent, participatory and accountable democracy. Pakistan is no exception to it US Ambassador Ryan C. Crocker stated this here, on Friday.
Published 25 Jun, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 15 basis points today while the value of the index increased by 0.61% to close at 98.86. Yields to maturity decreased due to demand witnessed in long term fixed income securities from market players.

Published 25 Jun, 2005 12:00am
Local bodies polls on schedule: Prime Minister

Local bodies polls on schedule: Prime Minister

Salim Jan Mazari, MNA and Chairman Standing Committee on Water and Power, called on Prime Minister Shaukat Aziz on Friday and discussed with him matters relating to his constituency as well as overall political situation in the country. The Prime Minister
Published 25 Jun, 2005 12:00am
Continued US interest needed in Pak-India talks: Kasuri

Continued US interest needed in Pak-India talks: Kasuri

Foreign Minister Khurshid M. Kasuri on Friday called for continued US engagement in support of a result-oriented dialogue between Pakistan and India. He was talking to Dr Stephen Krasner, Director for Policy Planning and Assistant Secretary of State in th
Published 25 Jun, 2005 12:00am
UBL launches margin finance facility

UBL launches margin finance facility

The United Bank Limited (UBL) has launched Margin Finance Facility here, on Friday, said a press release. Initially targeting brokerage firms, financial institutions and corporate clients, the UBL has medium term plans for extending the product to cover i
Published 25 Jun, 2005 12:00am
Environment management moot

Environment management moot

The national forum for Environment and Health (NFEH) will organise a conference on "environment management" here on June 30, while Minister of State for Environment Malik Amin Aslam will be the chief guest at the inaugural session of the conference. The e
Published 25 Jun, 2005 12:00am
IFAC membership: importance of accounting education underlined

IFAC membership: importance of accounting education underlined

Professional accounting education programmes are meant to ensure that candidates for membership of an International Federation of Accountants (IFAC) member body have enough advanced knowledge to enable them to function as competent professional accountant
Published 25 Jun, 2005 12:00am
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