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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-19
New Zealand shares up

New Zealand shares up

New Zealand share prices closed 0.26 percent higher on Monday with sharp gains in wood products heavyweight Carter Holt Harvey helping to offset losses in other major stocks, dealers said. They said Carter Holt Harvey announced late Friday it was selling
Published 19 Jul, 2005 12:00am
FirstRand up despite merger talks denial

FirstRand up despite merger talks denial

Shares in South Africa's second-biggest banking group, FirstRand, jumped nearly 5 percent on Monday as investors shrugged off the firm's denial that it was in merger talks with Citigroup. FirstRand shares gained as much as 4.73 percent to 15.50 rand befor
Published 19 Jul, 2005 12:00am
FirstRand up despite merger talks denial

FirstRand up despite merger talks denial

Shares in South Africa's second-biggest banking group, FirstRand, jumped nearly 5 percent on Monday as investors shrugged off the firm's denial that it was in merger talks with Citigroup. FirstRand shares gained as much as 4.73 percent to 15.50 rand befor
Published 19 Jul, 2005 12:00am
Singapore shares dip after hitting five-year highs

Singapore shares dip after hitting five-year highs

Singapore share prices closed 0.09 percent lower on Monday as the market consolidated after hitting five-and-a-half-year highs last week, dealers said. The Straits Times Index fell 2.15 points to 2,248.14 on volume of 720.173 million shares valued at 759.
Published 19 Jul, 2005 12:00am
Philippines shares close slightly firmer

Philippines shares close slightly firmer

Philippines share prices closed 0.64 percent higher on Monday with investors positioning ahead of the release of first half corporate figures and as political concerns eased, dealers said. They said it was the third consecutive day of the market rallying
Published 19 Jul, 2005 12:00am
Jakarta shares plunge on profit-taking

Jakarta shares plunge on profit-taking

Indonesian share prices closed 0.27 percent lower on Monday on extended profit-taking after last week's gains, with market mover Telkom among the heaviest hit, dealers said. The Jakarta Stock Exchange composite index closed down 3.021 points at 1,128.440
Published 19 Jul, 2005 12:00am
C&W in early talks to buy Energis

C&W in early talks to buy Energis

British telecoms operator Cable & Wireless is in early talks to buy privately owned rival Energis in a deal tipped to be worth about 700 million pounds ($1.22 billion), sources familiar the situation said on Monday. However, negotiations are at an explora
Published 19 Jul, 2005 12:00am
C&W in early talks to buy Energis

C&W in early talks to buy Energis

British telecoms operator Cable & Wireless is in early talks to buy privately owned rival Energis in a deal tipped to be worth about 700 million pounds ($1.22 billion), sources familiar the situation said on Monday. However, negotiations are at an explora
Published 19 Jul, 2005 12:00am
Indian shares soar on techs to new high

Indian shares soar on techs to new high

Indian shares surged to a new high on Monday, boosted by a rally in software services firms as investors bet on bright growth prospects for the export-focused sector, while the rupee slipped on pricey oil. The 30-issue Mumbai Stock Exchange index scaled a
Published 19 Jul, 2005 12:00am
Malaysian shares lower

Malaysian shares lower

Malaysian share prices closed 0.19 percent lower on Monday on profit-taking in selected blue chips, shrugging off the positive lead set by Wall Street last Friday, dealers said. They said interest continued to be seen in speculative lower liners, while bl
Published 19 Jul, 2005 12:00am
Norwich Union plans equity release bond

Norwich Union plans equity release bond

Norwich Union Equity Release Ltd plans to start roadshows for a 379 million pound ($662.3 million) sterling denominated home equity release bond on Thursday, a source close the deal said on Monday. Pricing is possible in the week of July 25, although a fi
Published 19 Jul, 2005 12:00am
Norwich Union plans equity release bond

Norwich Union plans equity release bond

Norwich Union Equity Release Ltd plans to start roadshows for a 379 million pound ($662.3 million) sterling denominated home equity release bond on Thursday, a source close the deal said on Monday. Pricing is possible in the week of July 25, although a fi
Published 19 Jul, 2005 12:00am
Seoul shares edge higher as Hyundai firms jump

Seoul shares edge higher as Hyundai firms jump

Seoul shares posted their highest close in 10-and-a-half years on Monday, as key exporters rose on positive US economic data, while Hyundai Group firms surged on news of its plans to expand its tourism business in North Korea. But gains were capped as SK
Published 19 Jul, 2005 12:00am
Chinese shares fall amid hints of slowing economy

Chinese shares fall amid hints of slowing economy

China's shares closed down 1.4 percent on Monday as investors cashed out of small caps in a wide range of sectors from retail to manufacturing, amid mounting signs that China's roaring economic growth might soon slow. The Shanghai composite index finished
Published 19 Jul, 2005 12:00am
Thai share prices sag

Thai share prices sag

Thai share prices closed 0.43 percent lower on Monday as investors fretted over higher oil prices, an expected rise in interest rates, and possible minimum wage increases, dealers said. They said an interest rate rise could be announced by the central ban
Published 19 Jul, 2005 12:00am
Australian shares make gains

Australian shares make gains

Australian share prices closed modestly higher on Monday as investors took encouragement from gains in New York last week following a continuing flow of positive economic data in the US, dealers said. They said construction materials group Rinker was in t
Published 19 Jul, 2005 12:00am
Inflation fears weigh on Malaysia's five-year bond

Inflation fears weigh on Malaysia's five-year bond

Malaysia's five-year government bond edged lower on Monday as surging crude oil prices renewed worries of rising inflation and domestic interest rates. "Sentiment is not very good. Although there is some buying, concerns about inflation and interest rates
Published 19 Jul, 2005 12:00am
Iraq donors graft undermining rebuilding; World Bank extends soft loan

Iraq donors graft undermining rebuilding; World Bank extends soft loan

Iraq gave donors a list of its most urgent rebuilding projects on Monday, admitting that corruption, as well as violence, has been delaying the country's reconstruction. Only a small amount of the billions of dollars pledged to help rebuild Iraq have been
Published 19 Jul, 2005 12:00am
US movie studios hail landmark China piracy deal

US movie studios hail landmark China piracy deal

A trade group led by top Hollywood studios like Time Warner Inc's Warner Bros has signed an anti-piracy pact with China, making a small but significant advance in a long-running battle against endemic piracy in the country.
Published 19 Jul, 2005 12:00am
German GDP probably did not grow in second quarter: Buba

German GDP probably did not grow in second quarter: Buba

Germany's economy probably did not grow in the second quarter as negative net exports offset stronger domestic demand, the Bundesbank said on Monday. "Existing data, especially for the development in industry, construction, the retail sector and exports,
Published 19 Jul, 2005 12:00am
Angry EU farmers protest against sugar reform plan

Angry EU farmers protest against sugar reform plan

Several thousand angry beet farmers from across the European Union rallied on Monday to attack plans to reform EU sugar policy, saying the drastic cuts being proposed will force them out of business. Blocking streets with their tractors in part of Brussel
Published 19 Jul, 2005 12:00am
Uzbekistan and China tighten cooperation

Uzbekistan and China tighten cooperation

Uzbekistan and China signed dozens of documents Monday aimed at boosting Chinese investment in the ex-Soviet republic by 150 million dollars, Uzbek state media said. The agreements, which include investment deals in the oil and gas, information and teleco
Published 19 Jul, 2005 12:00am
EU signals cut in 2005 eurozone growth forecast

EU signals cut in 2005 eurozone growth forecast

The eurozone economy is likely to grow less than forecast this year, despite an expected pick up in the second half from a sluggish second quarter, the European Commission said on Monday. "The Commission's spring forecast for 1.6 percent growth in the eur
Published 19 Jul, 2005 12:00am
British teenager launches low-cost airline

British teenager launches low-cost airline

A British teenager said Monday he had launched a low-cost airline from his bedroom, becoming possibly the youngest airline boss in the world. "I started flying lessons when I was 16 and my friends started joking about us buying a plane together and flying
Published 19 Jul, 2005 12:00am
Airbus to create 1,000 jobs

Airbus to create 1,000 jobs

European planemaker Airbus plans to create 1,000 more jobs in Germany this year as it steps up aircraft production, the company said on Monday. The new posts will bring to 1,400 the total jobs added in Germany during this year at Airbus, which is 80 perce
Published 19 Jul, 2005 12:00am
'Saudi Arabia's oil boom will last for years'

'Saudi Arabia's oil boom will last for years'

Saudi Arabia will reap a record budget surplus of 191 billion riyals ($51 billion) from high oil prices this year and enjoy strong growth and revenues for the rest of the decade, a leading Saudi bank predicted on Monday. Samba Financial Group said the eco
Published 19 Jul, 2005 12:00am
US net capital inflows rise to $60 billion

US net capital inflows rise to $60 billion

Net inflows of capital into US assets in May rose to $60 billion, more than the amount needed to cover the US monthly trade deficit in that month, a government report showed on Monday. Net inflows of capital climbed from April's revised $47.8 billion, the
Published 19 Jul, 2005 12:00am
Citigroup profit misses views

Citigroup profit misses views

Citigroup Inc on Monday reported quarterly profit that missed analysts' estimates, as fixed-income trading revenue plunged and higher US bankruptcies hurt credit card revenue, sending its shares down 2 percent.
Published 19 Jul, 2005 12:00am
Citigroup profit misses views

Citigroup profit misses views

Citigroup Inc on Monday reported quarterly profit that missed analysts' estimates, as fixed-income trading revenue plunged and higher US bankruptcies hurt credit card revenue, sending its shares down 2 percent.
Published 19 Jul, 2005 12:00am
Thai workers rally for raise in minimum wage

Thai workers rally for raise in minimum wage

Hundreds of Thais demonstrated near Prime Minister Thaksin Shinawatra's office on Monday, demanding an increase of the minimum wage to cope with rising inflation caused by sky high oil prices. "Oil prices are damned expensive, but wages are damned cheap,"
Published 19 Jul, 2005 12:00am
Bank of America profit rises

Bank of America profit rises

Bank of America Corp, the No 2 US bank, on Monday said second-quarter profit rose 12 percent, helped by growth in credit card fees, retail deposits and commercial lending. Net income for the Charlotte, North Carolina-based company increased to $4.3 billio
Published 19 Jul, 2005 12:00am
Italy plans steps to protect art treasures

Italy plans steps to protect art treasures

Italy is drawing up anti-terrorism measures to protect its cultural and archaeological sites in the wake of bomb attacks on London, Culture Minister Rocco Buttiglione said on Monday.
Published 19 Jul, 2005 12:00am
Bush and Singh agree to step up nuclear ties

Bush and Singh agree to step up nuclear ties

US President George W. Bush said Monday that he and visiting India Prime Minister Manmohan Singh had agreed to increase co-operation on civilian nuclear energy, space, and high-technology issues. Singh was optimistic after their talks at the White House t
Published 19 Jul, 2005 12:00am
Israel bars rightist march on Gaza settlements, young Palestinian killed

Israel bars rightist march on Gaza settlements, young Palestinian killed

Israeli security forces blocked thousands of rightist protesters on Monday from heading toward Gaza's Jewish settlements for a march aimed at impeding Israel's withdrawal from the occupied territory next month. Israeli officials, citing fears of disturban
Published 19 Jul, 2005 12:00am
Lebanon pardons former warlord

Lebanon pardons former warlord

Samir Geagea, the only Lebanese warlord jailed for crimes during the 1975-1990 civil war, was amnestied by parliament on Monday after 11 years in jail. Backers of the former anti-Syria Christian Maronite danced and waved flags of his banned Lebanese Force
Published 19 Jul, 2005 12:00am
FBI compiles secret files

FBI compiles secret files

The US Federal Bureau of Investigation has collected some 3,500 pages of files on civil rights, environmental and antiwar groups, US media reported Monday. The FBI has monitored web sites and compiled correspondence and other documents on several groups o
Published 19 Jul, 2005 12:00am
Bulgarian leftists get mandate to form government

Bulgarian leftists get mandate to form government

Bulgaria's Socialists received a mandate to form a government on Monday, but it was still unclear if they would end a political deadlock and seal a ruling deal with ex-king Simeon Saxe-Coburg's outgoing centrists. The move came a day after the Socialists,
Published 19 Jul, 2005 12:00am
US bomber gets life term for 1998 blast

US bomber gets life term for 1998 blast

Convicted Olympic bomber Eric Rudolph was sentenced to life in prison without parole on Monday for the 1998 bombing of an Alabama abortion clinic that killed a police officer and maimed a nurse. The 38-year-old abortion foe pleaded guilty in April to the
Published 19 Jul, 2005 12:00am
Mexican resorts survive Emily's wrath

Mexican resorts survive Emily's wrath

Mexico's Caribbean beach resorts escaped almost unscathed on Monday from Hurricane Emily, which blew down trees and cut power but nothing more serious. Cozumel island, a popular diving destination, took the hardest hit. The storm uprooted trees and smashe
Published 19 Jul, 2005 12:00am
North Korea seeks US trust at talks

North Korea seeks US trust at talks

North Korea said it wants to build trust and respect with its greatest foe, the United States, at six-country talks next week aimed at ending Pyongyang's pursuit of nuclear weapons, its media reported on Monday. North Korea also hinted at having the Beiji
Published 19 Jul, 2005 12:00am
Spain battles deadly forest fire, 11 dead

Spain battles deadly forest fire, 11 dead

Forensic teams started identifying on Monday the blackened corpses of 11 fire-fighters who died in a forest fire in Spain while police interviewed a group who admitted to starting the giant blaze.
Published 19 Jul, 2005 12:00am
Bouteflika approves key Berber peace demand

Bouteflika approves key Berber peace demand

Algeria's President Abdelaziz Bouteflika has ordered the dissolution of local councils in the restive Kabylie region as part of a peace plan agreed with the Berber ethnic minority earlier this year. The Berbers, who make up a fifth of the country's 33 mil
Published 19 Jul, 2005 12:00am
New Harry Potter book shatters US sales records

New Harry Potter book shatters US sales records

"Harry Potter and the Half-Blood Prince" has shattered publishing records in the United States, selling 6.9 million copies in its first 24 hours on sale, its US publisher Scholastic said. "Once again Harry Potter made history. Early reports estimate that
Published 19 Jul, 2005 12:00am
Serbian former cop jailed

Serbian former cop jailed

A former secret police commander accused of masterminding the murder of Serbian prime minister Zoran Djindjic was sentenced Monday to 40 years jail for the assassination of a former president. Milorad Ulemek, 37, better known as Legija, was convicted for
Published 19 Jul, 2005 12:00am
Opposition moves to broaden attack on Arroyo

Opposition moves to broaden attack on Arroyo

The Philippine opposition, warming to the idea of impeaching President Gloria Macapagal Arroyo, said on Monday it was seeking to broaden the complaints against her with help from disgruntled former ministers.
Published 19 Jul, 2005 12:00am
German man cans car exhaust to feed GDR nostalgia

German man cans car exhaust to feed GDR nostalgia

A German man has canned the noxious-smelling exhaust fumes of East Germany's cult Trabant car and is doing a brisk trade selling the scent to those nostalgic for the former Communist state. "The smell is something very special and scarce nowadays," said T
Published 19 Jul, 2005 12:00am
Ice-box causes bomb scare at Versailles palace

Ice-box causes bomb scare at Versailles palace

Some 5,000 tourists were evacuated from the palace of Versailles outside Paris Monday after an abandoned picnic-box was found next to one of the famous fountains. Bomb disposal experts were called in and quickly established that the cold-box contained onl
Published 19 Jul, 2005 12:00am
Nepal rebel leaders patch up differences

Nepal rebel leaders patch up differences

Nepal's Maoist rebel leaders appeared to have patched up their differences on Monday as the party's former deputy was reinstated to its high command after months out in the cold. Babu Ram Bhattarai, the Maoists' unofficial deputy leader who was regarded a
Published 19 Jul, 2005 12:00am
Chinese dive for gold as world swimming opens

Chinese dive for gold as world swimming opens

China began paving its path to Beijing with gold on Sunday, capturing both of the diving gold medals on offer on the opening day of the 11th World Swimming Championships.
Published 19 Jul, 2005 12:00am
Ponting looks to build on hard day's graft

Ponting looks to build on hard day's graft

Australia skipper Ricky Ponting believes a long, hot day in the Leicester sun will only serve to harden his team's resolve ahead of the Ashes series which gets under way at Lord's on Thursday. The Australians had to settle for a draw on Sunday against Lei
Published 19 Jul, 2005 12:00am
Tiger raises the bar again in quest for Majors record

Tiger raises the bar again in quest for Majors record

The 2005 season started with dreams of golf's 'Big Five' fighting it out for the Majors. After three of them, reality has been restored. It's back to the 'Big One' and the rest are reduced to scrambling for the crumbs.
Published 19 Jul, 2005 12:00am
Evans tastes Tour pain on killer stage

Evans tastes Tour pain on killer stage

Cadel Evans' hopes of a top ten finish on his Tour de France debut will come at a price - as the gutsy Australian found out in the tough 15th stage won by George Hincapie on Sunday. Hincapie, who has been at Lance Armstrong's side on every one of his Tour
Published 19 Jul, 2005 12:00am
Colombia and Panama advance to Gold Cup semi-finals

Colombia and Panama advance to Gold Cup semi-finals

Colombia and Panama advanced to a semi-final showdown at the CONCACAF Gold Cup football tournament here Sunday with dramatic triumphs before 55,000 spectators. Second-half goals by Jaime Castrillon and Abel Aguilar lifted Colombia past Mexico 2-1 in the d
Published 19 Jul, 2005 12:00am
Chinese yuan ends softer

Chinese yuan ends softer

The yuan on Monday ended two notches softer at 8.2765 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan held steady at 4,700 points, implying a rate of 7.808 yuan per do
Published 19 Jul, 2005 12:00am
Hong Kong dollar firmer

Hong Kong dollar firmer

The Hong Kong dollar was firmer but off highs in late trade on Monday after the government said the city's jobless rate for April-June had been unchanged at 5.7 percent, missing forecasts for a slight improvement. The Hong Kong dollar was trading at 7.776
Published 19 Jul, 2005 12:00am
Most Asian currencies steady against dollar

Most Asian currencies steady against dollar

The South Korean won rallied against the dollar on Monday as Seoul's share index hit a 10-1/2 year high, while strong inflows from overseas workers helped push the Philippine peso to its highest level in three weeks. Other Asian currencies were largely st
Published 19 Jul, 2005 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 63.96/64.42 (previous 63.82/64.40). Call Money Rates: 4.0-16.50 percent (previous 4.0-16.50 percent).
Published 19 Jul, 2005 12:00am
Dollar supported by US economic news, awaits Fed

Dollar supported by US economic news, awaits Fed

The dollar was underpinned on Monday by upbeat US economic data and expectations Federal Reserve Chairman Alan Greenspan would signal more US rate rises, but volume was thin due to a Japanese holiday. On Friday, better-than-expected reports for New York a
Published 19 Jul, 2005 12:00am
Swiss franc unchanged as data supports dollar

Swiss franc unchanged as data supports dollar

The Swiss franc was unchanged against the dollar in early European trade on Monday, as the greenback was supported by upbeat economic data from the United States before the weekend. Improving data from the world's biggest economy boosted the US currency l
Published 19 Jul, 2005 12:00am
Indian rupee ends weaker

Indian rupee ends weaker

The rupee eased on Monday as commercial demand for dollars picked up on the back of firm prices of crude oil, India's biggest import, and ahead of data showing June's trade deficit had widened to nearly $4 billion. But robust foreign fund inflows into the
Published 19 Jul, 2005 12:00am
Hong Kong stocks surge, property shares lead

Hong Kong stocks surge, property shares lead

Hong Kong stocks posted their fourth consecutive day of gains on Monday, led by a fresh rally for blue chip property stocks and industrial conglomerates ahead of the upcoming earnings season. The city's largest property firm Sun Hung Kai Properties jumped
Published 19 Jul, 2005 12:00am
Inflation fears weigh on Malaysia's five-year bond

Inflation fears weigh on Malaysia's five-year bond

Malaysia's five-year government bond edged lower on Monday as surging crude oil prices renewed worries of rising inflation and domestic interest rates. "Sentiment is not very good. Although there is some buying, concerns about inflation and interest rates
Published 19 Jul, 2005 12:00am
Rana posted as director in PTCL South

Rana posted as director in PTCL South

Lahore Telecom Region (South) Divisional Engineer (Inspection) Rana Muhammad Tahir has been transferred and posted as Director in South zone. Divisional Engineer (External) Garden Town, Lahore, Chaudhry Abdul Waheed has been transferred and posted as Divi
Published 19 Jul, 2005 12:00am
Quarterly meetings with BSF to curb drug smuggling suggested

Quarterly meetings with BSF to curb drug smuggling suggested

The narcotics control ministry has recommended quarterly joint meetings with Border Security Force of India to curb drug smuggling through the border. A well placed source told Business Recorder that Khokhrapar-Monabao route has become high risk ar
Published 19 Jul, 2005 12:00am
PPPP apprises EC of undue favours for ruling coalition candidates

PPPP apprises EC of undue favours for ruling coalition candidates

Pakistan Peoples Party Parliamentarians on Monday called upon the Election Commission to take suo moto notice of "misuse of the state resources" in favour of the ruling coalition candidates in the run up to the local bodies election.
Published 19 Jul, 2005 12:00am
'Party-based local government polls to stabilise system'

'Party-based local government polls to stabilise system'

Participants of a seminar on Monday were unanimous on holding party-based local government elections and said participation of all political parities could lead to a stable political system in the country. They were speaking at a seminar on amendments in
Published 19 Jul, 2005 12:00am
Ghotki train mishap inquiry report likely on July 25

Ghotki train mishap inquiry report likely on July 25

The inquiry report of the triple-train accident at Ghotki is likely to be finalised on July 25, which would be made public. Official sources in the ministry of railways told Business Recorder that federal inspector general of railways Salimur Rehma
Published 19 Jul, 2005 12:00am
'Canada to work with Pakistan for enlightened moderation'

'Canada to work with Pakistan for enlightened moderation'

Canada would work with Pakistan for achieving the noble cause of enlightened moderation. This was stated by the Canadian High Commissioner to Pakistan, Ms Margaret Huber while addressing members of English Speaking Union of Pakistan (ESUP), here on Monday
Published 19 Jul, 2005 12:00am
MCB signs accord with Standard Chartered Bank

MCB signs accord with Standard Chartered Bank

The Standard Chartered Bank (Hong Kong) Ltd has been appointed the processing agent for the operations of MCB Trade Services Ltd (MCBTS) in a historic move, marking the first time a Pakistani bank has entered the private label programme.
Published 19 Jul, 2005 12:00am
Five terrorists with explosives arrested

Five terrorists with explosives arrested

Karachi Police on Monday arrested five terrorists along with explosives, foiling an impending attempt of carrying out explosions at railway track near Kotri, Hyderabad, a gas pipeline and electric transmission line in Dadu.
Published 19 Jul, 2005 12:00am
Amendments to IRO likely to be approved

Amendments to IRO likely to be approved

Prime Minister Shaukat Aziz is likely to approve within a couple of days an 'opposition-initiated, but the government-overhauled' draft bill aimed at bringing what the labour ministry termed pro-workers amendments in the 'controversial' Industrial Relatio
Published 19 Jul, 2005 12:00am
Talks under way on seat adjustments in local government polls

Talks under way on seat adjustments in local government polls

Discussions among coalition partners in Sindh are well underway in connection with seat adjustments and fielding candidates in the local government elections. The position of the Muttahida Qaumi Movement (MQM) is very strong in most of the urban areas in
Published 19 Jul, 2005 12:00am
London bombers visited Karachi last year

London bombers visited Karachi last year

Three of the suicide bombers involved in the July 7 London attacks entered Pakistan through Karachi last year, immigration officials told Reuters on Monday. Three of the four bombers were young British Muslims of Pakistani descent and have been identified
Published 19 Jul, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (July 18, 2005).

Published 19 Jul, 2005 12:00am
SunTV to carry STAR channels

SunTV to carry STAR channels

Dubai Marine Establishment (Pvt) Limited (DME), the exclusive distributor of STAR channels in Pakistan, and Southern Networks Limited (SunTV) announced on Monday that they have reached an agreement for the carriage of STAR channels on SunTV platform.
Published 19 Jul, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (July 18, 2005).

Published 19 Jul, 2005 12:00am
Schon Circle Underpass to be ready in October 2006

Schon Circle Underpass to be ready in October 2006

The work on Schon Circle Underpass (SCU) has been delayed by three months as a result of which it would be completed by October next year. This was stated by the Chairman of Karachi Port Trust (KPT), Vice Admiral Ahmad Hayat (Retd), while talking to newsm
Published 19 Jul, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (July 18, 2005).

Published 19 Jul, 2005 12:00am
Ibad approves implementation of vehicle tracking system

Ibad approves implementation of vehicle tracking system

Sindh Governor Dr Ishratul Ibad Khan on Monday approved implementation of computerised vehicle identification and tracking system (VITS) in collaboration with the Citizen-Police Liaison Committee. A team of Nadra gave a demonstration to the governor at th
Published 19 Jul, 2005 12:00am
Atlas Funds announces dividends

Atlas Funds announces dividends

The Atlas Income Fund and the Atlas Stock Market Fund declared bonus of 9.75 percent and 12.5 percent, respectively for the year ended June 30, 2004, while the Atlas Fund of Funds announced a bonus of five percent for its six-month performance.
Published 19 Jul, 2005 12:00am
Atlas Funds announces dividends

Atlas Funds announces dividends

The Atlas Income Fund and the Atlas Stock Market Fund declared bonus of 9.75 percent and 12.5 percent, respectively for the year ended June 30, 2004, while the Atlas Fund of Funds announced a bonus of five percent for its six-month performance.
Published 19 Jul, 2005 12:00am
EOBI to use UBL services

EOBI to use UBL services

Employee's Old Age Benefits Institution (EOBI) has entered into an agreement with United Bank (UBL) for contribution collection and pension disbursements to provide better services to its stakeholders. According to a notification to its stakeholders, the
Published 19 Jul, 2005 12:00am
CPNE flays arrest of Zarb staffers

CPNE flays arrest of Zarb staffers

Condemning the raid at and sealing of office of Weekly Zarb-e-Islam and arrest of its chief editor and reporter, Council of Pakistan Newspapers Editors (CPNE) on Monday demanded of Sindh government to immediately release the staff, hand over the office to
Published 19 Jul, 2005 12:00am
National Insurance assigned 'AA+' rating

National Insurance assigned 'AA+' rating

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned an 'Insurer Financial Strength' (IFS) rating of 'AA+' (Double A Plus) to National Insurance Company Limited (NICL). The company had previously been assigned an unsolicited rating of 'AA (p)' (Do
Published 19 Jul, 2005 12:00am
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