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Print - 2005-07-12
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Jul, 2005 12:00am
Pakistan slams attacks on Islamic centers

Pakistan slams attacks on Islamic centers

Pakistan on Monday condemned attacks on Islamic centers and other religious places in New Zealand and Britain, apparently in the wake of last week's bomb blasts in London. "The attacks on Islamic centers and religious places are most unfortunate and regre
Published 12 Jul, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
864,417 tons Basmati rice exported in 2004-2005

864,417 tons Basmati rice exported in 2004-2005

Pakistan has exported a total of 864,417 tons of Basmati rice worth $495 million in the year 2004-05 against 710,000 tons valued at $355 million exported in the year 2003-04. The figure of export of non-Basmati variety is not released but it is expected t
Published 12 Jul, 2005 12:00am
Government urged to issue passport to Nawaz Sharif

Government urged to issue passport to Nawaz Sharif

Pakistan Muslim League-Nawaz (PML-N) Central Finance Secretary and member national assembly (MNA) Mohammad Pervaiz Malik has urged the Government should immediately issue passport to Mian Nawaz Sharif and provide him an opportunity to return home which wa
Published 12 Jul, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Jul, 2005 12:00am
Bill against land mafia termed a bold step

Bill against land mafia termed a bold step

Pakistan Industrial & Traders Associations Front (Piaf) has termed the signing of a bill against land mafia by the President General Pervez Musharraf as a bold and appreciable step.
Published 12 Jul, 2005 12:00am
Monetary policy to be announced on July 21

Monetary policy to be announced on July 21

State Bank of Pakistan will outline its monetary policy for the first six months of the fiscal year 2005-06 (July-June) on July 21, a bank spokesman said on Monday. "The central bank''s board of governors will meet in Quetta on July 21 to approve the mone
Published 12 Jul, 2005 12:00am
Monetary policy to be announced on July 21

Monetary policy to be announced on July 21

State Bank of Pakistan will outline its monetary policy for the first six months of the fiscal year 2005-06 (July-June) on July 21, a bank spokesman said on Monday. "The central bank's board of governors will meet in Quetta on July 21 to approve the monet
Published 12 Jul, 2005 12:00am
Monetary policy to be announced on July 21

Monetary policy to be announced on July 21

State Bank of Pakistan will outline its monetary policy for the first six months of the fiscal year 2005-06 (July-June) on July 21, a bank spokesman said on Monday. "The central bank's board of governors will meet in Quetta on July 21 to approve the monet
Published 12 Jul, 2005 12:00am
11 Iraqi soldiers killed in attacks

11 Iraqi soldiers killed in attacks

Iraq insurgents killed 11 soldiers on Monday as Foreign Minister Hoshyar Zebari promised more protection for diplomats after the abduction and murder of Egypt's head of mission. Nine of the troops were killed in a dawn raid on a checkpoint outside Khales
Published 12 Jul, 2005 12:00am
11 Iraqi soldiers killed in attacks

11 Iraqi soldiers killed in attacks

Iraq insurgents killed 11 soldiers on Monday as Foreign Minister Hoshyar Zebari promised more protection for diplomats after the abduction and murder of Egypt's head of mission. Nine of the troops were killed in a dawn raid on a checkpoint outside Khales
Published 12 Jul, 2005 12:00am
Industries ministry given task to set up SEZ at Gwadar

Industries ministry given task to set up SEZ at Gwadar

The task of establishing a Special Economic Zone (SEZ) at Gwadar earlier given to ministry of ports and shipping has now been assigned to industries ministry. "The project has been transferred to the ministry of industries, production and special initiati
Published 12 Jul, 2005 12:00am
Industries ministry given task to set up SEZ at Gwadar

Industries ministry given task to set up SEZ at Gwadar

The task of establishing a Special Economic Zone (SEZ) at Gwadar earlier given to ministry of ports and shipping has now been assigned to industries ministry. "The project has been transferred to the ministry of industries, production and special initiati
Published 12 Jul, 2005 12:00am
Industries ministry given task to set up SEZ at Gwadar

Industries ministry given task to set up SEZ at Gwadar

The task of establishing a Special Economic Zone (SEZ) at Gwadar earlier given to ministry of ports and shipping has now been assigned to industries ministry. "The project has been transferred to the ministry of industries, production and special initiati
Published 12 Jul, 2005 12:00am
Pak-India talks on gas line today

Pak-India talks on gas line today

A high-level Pakistani delegation led by petroleum secretary Ahmed Waqar left here for New Delhi on Monday to attend the first meeting of Pak-India Joint Working Group on the proposed Pakistan-Iran-India gas pipeline project.
Published 12 Jul, 2005 12:00am
Pak-India talks on gas line today

Pak-India talks on gas line today

A high-level Pakistani delegation led by petroleum secretary Ahmed Waqar left here for New Delhi on Monday to attend the first meeting of Pak-India Joint Working Group on the proposed Pakistan-Iran-India gas pipeline project.
Published 12 Jul, 2005 12:00am
Pak-India talks on gas line today

Pak-India talks on gas line today

A high-level Pakistani delegation led by petroleum secretary Ahmed Waqar left here for New Delhi on Monday to attend the first meeting of Pak-India Joint Working Group on the proposed Pakistan-Iran-India gas pipeline project.
Published 12 Jul, 2005 12:00am
Oil exploration companies reject duty on machinery import

Oil exploration companies reject duty on machinery import

The oil and gas exploration and production (E&P) companies have rejected 5 percent duty on import of machinery, and demanded of the government that it should withdraw the decision to provide them conducive environment for work, it is learnt.
Published 12 Jul, 2005 12:00am
Oil exploration companies reject duty on machinery import

Oil exploration companies reject duty on machinery import

The oil and gas exploration and production (E&P) companies have rejected 5 percent duty on import of machinery, and demanded of the government that it should withdraw the decision to provide them conducive environment for work, it is learnt.
Published 12 Jul, 2005 12:00am
Oil exploration companies reject duty on machinery import

Oil exploration companies reject duty on machinery import

The oil and gas exploration and production (E&P) companies have rejected 5 percent duty on import of machinery, and demanded of the government that it should withdraw the decision to provide them conducive environment for work, it is learnt.
Published 12 Jul, 2005 12:00am
Wapda extends incentive package for industries

Wapda extends incentive package for industries

Water and Power Development Authority (Wapda) has announced to extend incentive package for industries under which reconnection of industrial connection will be allowed after payment of 50 percent of the defaulting amount. A spokesman of Wapda said here o
Published 12 Jul, 2005 12:00am
Internet traffic to face shortfall of 2 STM-I links for 7 days

Internet traffic to face shortfall of 2 STM-I links for 7 days

Pakistan Telecommunication Company Limited (PTCL) has notified to all Internet service providers (ISPs) and call centres regarding closing down of two STM-I links for seven days due to maintenance in submarine cable SEA-ME-WE-3. In a letter to the ISPs, t
Published 12 Jul, 2005 12:00am
Pakistan offers support to G-20 on WTO

Pakistan offers support to G-20 on WTO

Commerce Minister Humayun Akhtar Khan expressed hope that Group of Twenty (G-20) nations at their informal meeting, to be held in Pakistan during second week of September, would adopt a comprehensive strategy for getting free access of their products to d
Published 12 Jul, 2005 12:00am
Prime Minister to visit Japan from August 8

Prime Minister to visit Japan from August 8

Prime Minister Shaukat Aziz would visit Japan from August 8-11 at the invitation of Prime minister Junichiro Koizumi, a foreign office statement said on Monday. This will be the first visit of Prime Minister Shaukat Aziz to Japan in his present capacity.
Published 12 Jul, 2005 12:00am
Coastal areas vulnerable to Tsunami onslaught

Coastal areas vulnerable to Tsunami onslaught

An Indian scientific report issued recently on the proposed Indian Ocean Warning System, states that North Arabian Sea 70 to 100 km south of Karachi and Balochistan coast is vulnerable to the occurrence of tsunami. According to seismic analysis, the Murra
Published 12 Jul, 2005 12:00am
HIV/AIDS increase in South Africa, says report

HIV/AIDS increase in South Africa, says report

More than 6.2 million South Africans were infected by HIV or AIDS by last year, an increase of 700,000 from 2003, a new health ministry report said. Though women in their mid- to late-20s were the hardest hit by the pandemic, "it was observed that there h
Published 12 Jul, 2005 12:00am
Church of England leader warns against scapegoating Muslims

Church of England leader warns against scapegoating Muslims

The spiritual leader of the Church of England, Rowan Williams, warned Monday against making Muslims "scapegoats" for the London bombings after a number of attacks on mosques. Williams, the Archbishop of Canterbury, told the General Synod in the northern E
Published 12 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
Option to supply cards to India's Airtel

Option to supply cards to India's Airtel

Wireless data card maker Option said it will supply its GlobeTrotter EDGE data cards to Airtel, India's biggest mobile phone operator, sending the Belgian company's shares to a record high. Shares in Option were 6.05 percent higher at 30.85 euros by 0716
Published 12 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
Option to supply cards to India's Airtel

Option to supply cards to India's Airtel

Wireless data card maker Option said it will supply its GlobeTrotter EDGE data cards to Airtel, India's biggest mobile phone operator, sending the Belgian company's shares to a record high. Shares in Option were 6.05 percent higher at 30.85 euros by 0716
Published 12 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
14 die as rescue boat hits electricity pole

14 die as rescue boat hits electricity pole

At least 14 persons, including four children and six women, were drowned in floodwater when a rescue boat hit an electricity pole in village Rojhan Mazari, Rajanpur district some 170 miles west from Multan on Monday morning and smashed into pieces. Rescue
Published 12 Jul, 2005 12:00am
14 die as rescue boat hits electricity pole

14 die as rescue boat hits electricity pole

At least 14 persons, including four children and six women, were drowned in floodwater when a rescue boat hit an electricity pole in village Rojhan Mazari, Rajanpur district some 170 miles west from Multan on Monday morning and smashed into pieces. Rescue
Published 12 Jul, 2005 12:00am
Hasba Bill tabled in NWFP Assembly amid rumpus

Hasba Bill tabled in NWFP Assembly amid rumpus

The NWFP government on Monday tabled the controversial Hasba Bill in the Provincial Assembly aimed to establish the offices of Mohtasib (Ombudsman) at provincial, district and tehsil levels in the province. The Provincial Minister for Law and Parliamentar
Published 12 Jul, 2005 12:00am
Hasba Bill tabled in NWFP Assembly amid rumpus

Hasba Bill tabled in NWFP Assembly amid rumpus

The NWFP government on Monday tabled the controversial Hasba Bill in the Provincial Assembly aimed to establish the offices of Mohtasib (Ombudsman) at provincial, district and tehsil levels in the province. The Provincial Minister for Law and Parliamentar
Published 12 Jul, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
UAE company to setup Mercedes plant

UAE company to setup Mercedes plant

Prime Minister Shaukat Aziz has said that a UAE company will make investment to set up a Mercedes trucks assembly plant in Pakistan. He said this while briefing newsmen in the plane, about his meetings with the German Corporates in Frankfurt, after leavin
Published 12 Jul, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
UAE company to setup Mercedes plant

UAE company to setup Mercedes plant

Prime Minister Shaukat Aziz has said that a UAE company will make investment to set up a Mercedes trucks assembly plant in Pakistan. He said this while briefing newsmen in the plane, about his meetings with the German Corporates in Frankfurt, after leavin
Published 12 Jul, 2005 12:00am
UAE company to setup Mercedes plant

UAE company to setup Mercedes plant

Prime Minister Shaukat Aziz has said that a UAE company will make investment to set up a Mercedes trucks assembly plant in Pakistan. He said this while briefing newsmen in the plane, about his meetings with the German Corporates in Frankfurt, after leavin
Published 12 Jul, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 11, 2005).

Published 12 Jul, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 11, 2005).
Published 12 Jul, 2005 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bears continued to stay in the front seat at the Islamabad Stock Exchange (ISE) where selling-pressure in trend-setters moved the entire ready-board in minus territory amid decrease in index. ISE Network Index showed a decrease of 19.07 points as the pric
Published 12 Jul, 2005 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bears continued to stay in the front seat at the Islamabad Stock Exchange (ISE) where selling-pressure in trend-setters moved the entire ready-board in minus territory amid decrease in index. ISE Network Index showed a decrease of 19.07 points as the pric
Published 12 Jul, 2005 12:00am
LSE index down 34.75 points

LSE index down 34.75 points

Despite positive news pertaining to suspension of badla phase-out, the share market failed to take an upward turn and moved both ways, while last-minute heavy selling pressure dragged the index in minus column.
Published 12 Jul, 2005 12:00am
LSE index down 34.75 points

LSE index down 34.75 points

Despite positive news pertaining to suspension of badla phase-out, the share market failed to take an upward turn and moved both ways, while last-minute heavy selling pressure dragged the index in minus column.
Published 12 Jul, 2005 12:00am
NSS rate-hike rumour clips share market gains

NSS rate-hike rumour clips share market gains

Despite a positive gesture from the Securities and Exchange Commission of Pakistan (SECP), capping the badla rate, the share market on Monday, just before the close of the session, received selling pressure on rumour that NSS rates would be increased.
Published 12 Jul, 2005 12:00am
NSS rate-hike rumour clips share market gains

NSS rate-hike rumour clips share market gains

Despite a positive gesture from the Securities and Exchange Commission of Pakistan (SECP), capping the badla rate, the share market on Monday, just before the close of the session, received selling pressure on rumour that NSS rates would be increased.
Published 12 Jul, 2005 12:00am
NSS rate-hike rumour clips share market gains

NSS rate-hike rumour clips share market gains

Despite a positive gesture from the Securities and Exchange Commission of Pakistan (SECP), capping the badla rate, the share market on Monday, just before the close of the session, received selling pressure on rumour that NSS rates would be increased.
Published 12 Jul, 2005 12:00am
17,000 displaced as 624 villages stranded in floodwater

17,000 displaced as 624 villages stranded in floodwater

Flood has hit the entire area of southern Punjab, which caused death of at least twelve people. Besides, 624 villages have been stranded and floodwater has displaced more than 17,000 people due to spate in two major rivers Indus and Chenab. Hundreds of ca
Published 12 Jul, 2005 12:00am
FPCCI building

FPCCI building

The Federation of Pakistan Chambers of Commerce and Industry is planning a 52-floor tower building at its present location here in Clifton. President FPCCI Chaudhry Muhammad Saeed is hopeful to obtain conceptual clearance from Sindh government.
Published 12 Jul, 2005 12:00am
Pakistan to host Saarc body meeting

Pakistan to host Saarc body meeting

Pakistan will host the 31st session of the standing committee of Saarc foreign secretaries in Islamabad on August 17-18, a foreign office spokesman said on Monday. Pakistan currently holds the rotating chair of the seven-nation South Asian grouping.
Published 12 Jul, 2005 12:00am
Dr Sharif Memon's death condoled

Dr Sharif Memon's death condoled

Mohammad Ali Shaikh, principal of Sindh Madressatul Islam, in his condolence message has said that late Dr Sharif Memon served the nation with honesty, dedication and with heart and soul, Besides a prominent educationist, he was committed to the social aw
Published 12 Jul, 2005 12:00am
Flood situation under control in Sindh: Jatoi

Flood situation under control in Sindh: Jatoi

Federal Minister for Water and Power Liaquat Ali Jatoi has said that all embankments of River Indus were being monitored constantly, and the flood situation in Sindh was under control. Talking to journalists here on Monday, he said that though flood had c
Published 12 Jul, 2005 12:00am
Flood situation under control in Sindh: Jatoi

Flood situation under control in Sindh: Jatoi

Federal Minister for Water and Power Liaquat Ali Jatoi has said that all embankments of River Indus were being monitored constantly, and the flood situation in Sindh was under control. Talking to journalists here on Monday, he said that though flood had c
Published 12 Jul, 2005 12:00am