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Print - 2005-07-23
Pakistan human resource strategy forum being organised from July 26

Pakistan human resource strategy forum being organised from July 26

Nutshell Forum is organising Annual Pakistan Human Resource Strategy Forum with the theme of "Emerging Issues in Human Resource Management". The two-day conference will be held from July 26, 2005 at a hotel in Karachi. To highlight the salient features of
Published 23 Jul, 2005 12:00am
Transfers and postings in Punjab

Transfers and postings in Punjab

The Punjab government on Friday made following transfers and postings of its senior officials. According to a notification, Sarod Lashari, Director General, Public Libraries, Punjab, Lahore has been transferred and posted as Secretary to Government of the
Published 23 Jul, 2005 12:00am
KESC system improvement schemes reviewed

KESC system improvement schemes reviewed

A meeting of Karachi Electric Supply Corporation (KESC) City Co-ordination Committee was held at the KESC head office to review the progress of ongoing system improvement schemes carried out in June to upgrade the power supply system before the coming mon
Published 23 Jul, 2005 12:00am
Al Meezan Fund declares 7.5 percent cash dividend

Al Meezan Fund declares 7.5 percent cash dividend

The Board of Directors of Al Meezan Mutual Fund Limited here in a meeting on Friday approved the AMMF accounts. The Fund declared a final cash dividend of 7.5 percent for the year ended June 30, 2005. This is in addition to interim cash dividend of 10 per
Published 23 Jul, 2005 12:00am
Al Meezan Fund declares 7.5 percent cash dividend

Al Meezan Fund declares 7.5 percent cash dividend

The Board of Directors of Al Meezan Mutual Fund Limited here in a meeting on Friday approved the AMMF accounts. The Fund declared a final cash dividend of 7.5 percent for the year ended June 30, 2005. This is in addition to interim cash dividend of 10 per
Published 23 Jul, 2005 12:00am
Manmohan's statement disappointing, says Rashid

Manmohan's statement disappointing, says Rashid

Federal Minister for Information and Broadcasting, Sheikh Rashid Ahmed has said the recent statements of Indian Prime Minister Manmohan Singh were devoid of facts and could affect the atmosphere of friendship between India and Pakistan.
Published 23 Jul, 2005 12:00am
TCP may buy 100,000 tons sugar

TCP may buy 100,000 tons sugar

Pakistan is likely to issue a second sugar import tender of 100,000 tonnes in August, but will keep a ban on purchases from India, government officials said on Friday. The Trading Corporation of Pakistan (TCP), which bought 100,000 tonnes of white sugar l
Published 23 Jul, 2005 12:00am
Jica to undertake survey of Karachi traffic

Jica to undertake survey of Karachi traffic

Japan International Co-operation Agency (Jica) will undertake a survey of Karachi traffic to assess and analyse the moving trends of the people within Karachi. The findings of this survey will be used to prepare a data bank of traffic patterns to devise K
Published 23 Jul, 2005 12:00am
'CBR may reduce sales tax on services next year'

'CBR may reduce sales tax on services next year'

The Central Board of Revenue (CBR) might consider reducing the rate of sales tax on services sector next year. This was the observation made by Shahid Ahmed, Member, Sales Tax, Central Board of Revenue, at the concluding session of the two-day workshop on
Published 23 Jul, 2005 12:00am
Seven killed as Kashmiris protest over youth's killing

Seven killed as Kashmiris protest over youth's killing

Police on Friday used batons and teargas to disperse Kashmiris protesting the killing of a teenager by Indian occupation troops, while seven people died in separate incidents of violence in occupied Kashmir, residents and police said.
Published 23 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
ADB may provide $290 million for highways project

ADB may provide $290 million for highways project

The Asian Development Bank (ADB) is likely to approve a $290 million loan for ''Sub-regional Connectivity and Trade Facilitation-I'' project to enhance trade relations with Afghanistan, Central Asian states and some part of Russia, it is learnt. Sources t
Published 23 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
ADB may provide $290 million for highways project

ADB may provide $290 million for highways project

The Asian Development Bank (ADB) is likely to approve a $290 million loan for 'Sub-regional Connectivity and Trade Facilitation-I' project to enhance trade relations with Afghanistan, Central Asian states and some part of Russia, it is learnt. Sources tol
Published 23 Jul, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
ADB may provide $290 million for highways project

ADB may provide $290 million for highways project

The Asian Development Bank (ADB) is likely to approve a $290 million loan for 'Sub-regional Connectivity and Trade Facilitation-I' project to enhance trade relations with Afghanistan, Central Asian states and some part of Russia, it is learnt. Sources tol
Published 23 Jul, 2005 12:00am
Ukrainian Company offers to set up heavy vehicles plant

Ukrainian Company offers to set up heavy vehicles plant

A five-member Ukrainian delegation, led by M/s Karaz (A Ukrainian heavy vehicles / trucks manufacturing company) Chairman Sergiy Sazonov called on Senior Federal Minister and Minister for Defence Rao Sikandar Iqbal here on Friday.
Published 23 Jul, 2005 12:00am
Shaukat asks private sector to explore tourism potential

Shaukat asks private sector to explore tourism potential

Prime Minister Shaukat Aziz on Friday asked the private sector to take lead in exploring Pakistan's true potential in tourism, assuring government's full support to present the country as an attractive tourist destination. The Prime Minister made these re
Published 23 Jul, 2005 12:00am
Bombardier gets $425 million New York train order

Bombardier gets $425 million New York train order

Bombardier Inc said on Friday that it received a $425 million order from the New York area's Metropolitan Transportation Authority for more M-7 commuter rail cars. Bombardier said the order, which consists of exercising options under an existing contract,
Published 23 Jul, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
Kazakhstan's GDP growth to slow, reforms needed: IMF

Kazakhstan's GDP growth to slow, reforms needed: IMF

Kazakhstan's economic growth is set to slow in the medium term, the International Monetary Fund said in its latest review of the Central Asian state's economy, urging the government to bolster growth by structural reforms.
Published 23 Jul, 2005 12:00am
Peru professors hold officials to demand raise

Peru professors hold officials to demand raise

Hundreds of Peruvian university professors occupied a regional government building in the central Andes on Thursday and refused to let several top officials leave until they get a pay raise. "I can't leave. Please - why do I have to pick up the pieces bec
Published 23 Jul, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by 1 basis points and its value decreased by 0.02% to close at 97.86. As expected, the Central Bank announced its commitment to contain inflation by raising interest rates through its monetary policy statement for period o
Published 23 Jul, 2005 12:00am
France Telecom in $12.9 billion Amena deal

France Telecom in $12.9 billion Amena deal

France Telecom SA has reached a tentative deal to buy Amena, the mobile telephone unit of Spain's Auna, for 10.6 billion euros ($12.9 billion) including debt, a person close to the situation said on Friday. "There is already an agreement in principle," sa
Published 23 Jul, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by 1 basis points and its value decreased by 0.02% to close at 97.86. As expected, the Central Bank announced its commitment to contain inflation by raising interest rates through its monetary policy statement for period o
Published 23 Jul, 2005 12:00am
Italy fends off bank assault as BBVA abandons bid

Italy fends off bank assault as BBVA abandons bid

Italy saw off the first of two foreign raids on its banking sector on Friday after Spain's BBVA dropped a 7 billion euro ($8.51 billion) take-over bid for Roman BNL in the face of domestic opposition. Dutch bank ABN Amro is also expected to give up its of
Published 23 Jul, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by 1 basis points and its value decreased by 0.02% to close at 97.86. As expected, the Central Bank announced its commitment to contain inflation by raising interest rates through its monetary policy statement for period o
Published 23 Jul, 2005 12:00am
IMF and Bosnia agree on terms for new stand-by loan

IMF and Bosnia agree on terms for new stand-by loan

Bosnia and the International Monetary Fund (IMF) have agreed on the terms for a new $50 million stand by arrangement after year-long negotiations, the Fund said in a statement on Friday. The IMF said it reached agreement with Bosnia's newly-established Fi
Published 23 Jul, 2005 12:00am
Equities show minus signs on ISE

Equities show minus signs on ISE

Equities continued to show minus signs at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index. ISE network Index showed a decrease of 60.49 points as the rate-based indic
Published 23 Jul, 2005 12:00am
Equities show minus signs on ISE

Equities show minus signs on ISE

Equities continued to show minus signs at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index. ISE network Index showed a decrease of 60.49 points as the rate-based indic
Published 23 Jul, 2005 12:00am
LSE index down by 29.69 points

LSE index down by 29.69 points

The local share market behaved roughly and ended the last trading day of the week with a weak note, with the index benchmark posting a net fall of 0.8 percent amid descending volume of transactions.
Published 23 Jul, 2005 12:00am
LSE index down by 29.69 points

LSE index down by 29.69 points

The local share market behaved roughly and ended the last trading day of the week with a weak note, with the index benchmark posting a net fall of 0.8 percent amid descending volume of transactions.
Published 23 Jul, 2005 12:00am
Drive to broaden tax base from August 1

Drive to broaden tax base from August 1

The Central Board of Revenue (CBR) will shortly launch a countrywide drive to broaden the tax base and replace the old management system of income tax circles with the new functional-based organisational setup under the restructuring plan from August 1, 2
Published 23 Jul, 2005 12:00am
Drive to broaden tax base from August 1

Drive to broaden tax base from August 1

The Central Board of Revenue (CBR) will shortly launch a countrywide drive to broaden the tax base and replace the old management system of income tax circles with the new functional-based organisational setup under the restructuring plan from August 1, 2
Published 23 Jul, 2005 12:00am
Drive to broaden tax base from August 1

Drive to broaden tax base from August 1

The Central Board of Revenue (CBR) will shortly launch a countrywide drive to broaden the tax base and replace the old management system of income tax circles with the new functional-based organisational setup under the restructuring plan from August 1, 2
Published 23 Jul, 2005 12:00am
Pakistan''s foreign exchange reserves decline

Pakistan''s foreign exchange reserves decline

The foreign reserves held by the country by the end of week on July 16 decreased by $1.3 million to be at $12,669.9 million. According to State Bank of Pakistan, out of total reserves the central bank held $9,856.7 million whereas $2,813.2 million were wi
Published 23 Jul, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
Pakistan's foreign exchange reserves decline

Pakistan's foreign exchange reserves decline

The foreign reserves held by the country by the end of week on July 16 decreased by $1.3 million to be at $12,669.9 million. According to State Bank of Pakistan, out of total reserves the central bank held $9,856.7 million whereas $2,813.2 million were wi
Published 23 Jul, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 22, 2005).
Published 23 Jul, 2005 12:00am
Pakistan's foreign exchange reserves decline

Pakistan's foreign exchange reserves decline

The foreign reserves held by the country by the end of week on July 16 decreased by $1.3 million to be at $12,669.9 million. According to State Bank of Pakistan, out of total reserves the central bank held $9,856.7 million whereas $2,813.2 million were wi
Published 23 Jul, 2005 12:00am
Sales tax amnesty extended to July 31

Sales tax amnesty extended to July 31

While giving another opportunity to the taxpayers to clear their outstanding dues, the Central Board of Revenue (CBR) has extended sales tax amnesty scheme for the taxpayers to avail exemption of additional tax and penalty on payment of principal amount f
Published 23 Jul, 2005 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
Sales tax amnesty extended to July 31

Sales tax amnesty extended to July 31

While giving another opportunity to the taxpayers to clear their outstanding dues, the Central Board of Revenue (CBR) has extended sales tax amnesty scheme for the taxpayers to avail exemption of additional tax and penalty on payment of principal amount f
Published 23 Jul, 2005 12:00am
Sales tax amnesty extended to July 31

Sales tax amnesty extended to July 31

While giving another opportunity to the taxpayers to clear their outstanding dues, the Central Board of Revenue (CBR) has extended sales tax amnesty scheme for the taxpayers to avail exemption of additional tax and penalty on payment of principal amount f
Published 23 Jul, 2005 12:00am
Sales tax amnesty extended to July 31

Sales tax amnesty extended to July 31

While giving another opportunity to the taxpayers to clear their outstanding dues, the Central Board of Revenue (CBR) has extended sales tax amnesty scheme for the taxpayers to avail exemption of additional tax and penalty on payment of principal amount f
Published 23 Jul, 2005 12:00am
Share prices receive heavy battering

Share prices receive heavy battering

The share market received heavy battering on Friday over State Bank''s stance to tighten monetary policy and government''s decision to allow three-year-old vehicles import resulting in selling pressure in auto sector shares.
Published 23 Jul, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
Share prices receive heavy battering

Share prices receive heavy battering

The share market received heavy battering on Friday over State Bank's stance to tighten monetary policy and government's decision to allow three-year-old vehicles import resulting in selling pressure in auto sector shares.
Published 23 Jul, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
Share prices receive heavy battering

Share prices receive heavy battering

The share market received heavy battering on Friday over State Bank's stance to tighten monetary policy and government's decision to allow three-year-old vehicles import resulting in selling pressure in auto sector shares.
Published 23 Jul, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 22, 2005).

Published 23 Jul, 2005 12:00am
Fifo to be adopted in sales tax refunds

Fifo to be adopted in sales tax refunds

The Central Board of Revenue (CBR) has conveyed to the exporters that the policy of ''First in First out'' (Fifo) will be adopted for sanctioning of refund of sales tax paid on stocks under SRO 538(I)/2005. Official sources told this correspondent that Fi
Published 23 Jul, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 23 Jul, 2005 12:00am
Fifo to be adopted in sales tax refunds

Fifo to be adopted in sales tax refunds

The Central Board of Revenue (CBR) has conveyed to the exporters that the policy of 'First in First out' (Fifo) will be adopted for sanctioning of refund of sales tax paid on stocks under SRO 538(I)/2005. Official sources told this correspondent that Fifo
Published 23 Jul, 2005 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 23 Jul, 2005 12:00am
Fifo to be adopted in sales tax refunds

Fifo to be adopted in sales tax refunds

The Central Board of Revenue (CBR) has conveyed to the exporters that the policy of 'First in First out' (Fifo) will be adopted for sanctioning of refund of sales tax paid on stocks under SRO 538(I)/2005. Official sources told this correspondent that Fifo
Published 23 Jul, 2005 12:00am
CBR notifies new income tax return forms

CBR notifies new income tax return forms

To encourage voluntary compliance by the business community, the Central Board of Revenue (CBR) has notified new income tax return forms, statements and annexes for the tax year 2005. Habib Fakhruddin, Member (Facilitation and Tax Education) and official
Published 23 Jul, 2005 12:00am
CBR notifies new income tax return forms

CBR notifies new income tax return forms

To encourage voluntary compliance by the business community, the Central Board of Revenue (CBR) has notified new income tax return forms, statements and annexes for the tax year 2005. Habib Fakhruddin, Member (Facilitation and Tax Education) and official
Published 23 Jul, 2005 12:00am
CBR notifies new income tax return forms

CBR notifies new income tax return forms

To encourage voluntary compliance by the business community, the Central Board of Revenue (CBR) has notified new income tax return forms, statements and annexes for the tax year 2005. Habib Fakhruddin, Member (Facilitation and Tax Education) and official
Published 23 Jul, 2005 12:00am
SPORTS WORLD: Who spoiled Karachi's case as Test venue?

SPORTS WORLD: Who spoiled Karachi's case as Test venue?

After the London triple bomb blasts, in which 52 persons were killed and about 700 wounded it can be assumed that no country, area or city is safe from militancy or terrorism, be it America, Europe or Oceania. Australia is nowadays touring England and aft
Published 23 Jul, 2005 12:00am
CBR notifies new income tax return forms

CBR notifies new income tax return forms

To encourage voluntary compliance by the business community, the Central Board of Revenue (CBR) has notified new income tax return forms, statements and annexes for the tax year 2005. Habib Fakhruddin, Member (Facilitation and Tax Education) and official
Published 23 Jul, 2005 12:00am
Cost of doing business for export units lowered

Cost of doing business for export units lowered

Commerce Minister Humayun Akhtar Khan said on Friday that the government has no plan to allow import of reconditioned cars by local Pakistanis, but hoped that the number of used cars in the country would increase as a result of liberalisation of import po
Published 23 Jul, 2005 12:00am
The exploits of clarinettist Master Sohni Khan

The exploits of clarinettist Master Sohni Khan

The name of Master Sohni Khan (1902-1976) is generally associated with a local brass band he established in Lahore in 1939 and managed it till his death on September 13, 1976. The brass band he established remained in much demand, both before August 14, 1
Published 23 Jul, 2005 12:00am
Cost of doing business for export units lowered

Cost of doing business for export units lowered

Commerce Minister Humayun Akhtar Khan said on Friday that the government has no plan to allow import of reconditioned cars by local Pakistanis, but hoped that the number of used cars in the country would increase as a result of liberalisation of import po
Published 23 Jul, 2005 12:00am
LAHORE CULTURAL DIARY: More about films

LAHORE CULTURAL DIARY: More about films

Last week we exposed the infighting currently raging between two factions of the already damaged film industry of Pakistan. The mismanaged and allegedly manipulated national film awards ceremony acted as the proverbial last straw on the back of film produ
Published 23 Jul, 2005 12:00am
Cost of doing business for export units lowered

Cost of doing business for export units lowered

Commerce Minister Humayun Akhtar Khan said on Friday that the government has no plan to allow import of reconditioned cars by local Pakistanis, but hoped that the number of used cars in the country would increase as a result of liberalisation of import po
Published 23 Jul, 2005 12:00am
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