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Print - 2005-09-06
Tobacco: LAKSON TOBACCO COMPANY LIMITED - Year Ended June 30 2005

Tobacco: LAKSON TOBACCO COMPANY LIMITED - Year Ended June 30 2005

This is a Rs 20.6 billion private sector enterprise posting net profit after taxation at Rs 1.69 billion. Capital Expenditure went up by 1.129 billion from Rs 0.684 billion in the preceding year. Its contribution to the national exchequer was 79.5% of its
Published 06 Sep, 2005 12:00am
Four electrocuted

Four electrocuted

A police head constable Nazir Ahmed, his wife Kausar, mother Rajan Bibi and young son Muhammad Arshad were electrocuted on Sunday evening in suburb of Pakpattan, some 110 miles east of here. According to the Deputy Inspector General of Police, Multan, Mal
Published 06 Sep, 2005 12:00am
Tobacco: LAKSON TOBACCO COMPANY LIMITED - Year Ended June 30 2005

Tobacco: LAKSON TOBACCO COMPANY LIMITED - Year Ended June 30 2005

This is a Rs 20.6 billion private sector enterprise posting net profit after taxation at Rs 1.69 billion. Capital Expenditure went up by 1.129 billion from Rs 0.684 billion in the preceding year. Its contribution to the national exchequer was 79.5% of its
Published 06 Sep, 2005 12:00am
PCB demands four-star hotel in Sialkot for Test and ODIs

PCB demands four-star hotel in Sialkot for Test and ODIs

Pakistan Cricket Board (PCB) Chairman Sheheryar Khan has linked the staging of international Test matches and one-day international (ODI) at the most neglected Sialkot with the early construction of a four-star hotel in the area.
Published 06 Sep, 2005 12:00am
Warehousing scheme to boost Pakistani exports to Kenya soon

Warehousing scheme to boost Pakistani exports to Kenya soon

Pakistani High Commissioner to Kenya, Syed Zahid Hussain said on Saturday that High Commission and Export Promotion Bureau (EPB) would make the warehouse scheme operational here soon to boost Pakistani exports to Kenya.
Published 06 Sep, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
PIDE conducts study on trade challenges

PIDE conducts study on trade challenges

Pakistan Institute of Development Economics (PIDE) is conducting a study on "trade-related challenges," facing by the exporters. Official sources told Business Recorder here on Monday the sole purpose of the study was to identify the trade barriers
Published 06 Sep, 2005 12:00am
Defence Day to be celebrated with zeal

Defence Day to be celebrated with zeal

The Defence Day will be celebrated with usual enthusiasm and zeal in Sialkot, Daska, Pasrur and Sambrial tehsils of Sialkot district today. The daylong programmes would be started with special prayers for the solidarity, unity and prosperity of the countr
Published 06 Sep, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Sep, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Sep, 2005 12:00am
Key features of VPS highlighted

Key features of VPS highlighted

The Securities and Exchange Commission of Pakistan (SECP) organised one-day conference to launch Voluntary Pension System (VPS) here on Monday. While addressing the inaugural session of the conference, SECP Commissioner highlighted key features of the VPS
Published 06 Sep, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Sep, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
Tusdec's board meeting on September 10

Tusdec's board meeting on September 10

The third meeting of board of directors of Technology Up-gradation and Skill Development Company (Tusdec) will be held here on Saturday (September 10). According to a spokesman of Tusdec, the meeting, which will be chaired by Chairman Tusdec, Almas Hyder,
Published 06 Sep, 2005 12:00am
Strike calls destructive for trade: Prime Minister

Strike calls destructive for trade: Prime Minister

Prime Minister Shaukat Aziz has asked the opposition to use the platform of parliament to decide the issues of national importance and abstain from giving strike calls, which badly hit the country's economy.
Published 06 Sep, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Sep, 2005 12:00am
RECP Syed Najaf Group success claimed

RECP Syed Najaf Group success claimed

Rice Exporters Association of Pakistan (REAP) Syed Najaf Group has claimed to have achieve success on 10 seats of managing committee of the association in its recently held elections.
Published 06 Sep, 2005 12:00am
Payments of sales tax refunds may resume in October

Payments of sales tax refunds may resume in October

The Collectorates of Sales Tax and Federal Excise are expected to resume process of making payments of sales tax refund claims from next month, under the policy of 'reconciliation', in the light of the directives of the Central Board of Revenue (CBR).
Published 06 Sep, 2005 12:00am
Government accused of misleading parliament on Kasuri-Shalom meeting

Government accused of misleading parliament on Kasuri-Shalom meeting

The opposition in National Assembly Monday accused the government of misleading the House on Kasuri-Shalom meeting. The Muttahida Majlis-i-Amal member Liaquat Baloch on a point of order said that Palestinian leadership had denied they had asked Pakistan t
Published 06 Sep, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Last Monday's defeat in a voice vote on the bill to condone delay in submitting report on the NDFC Act must have bruised many egos in the corridors of power. It was the first defeat of the government in the National Assembly and came on the heels of local
Published 06 Sep, 2005 12:00am
Opposition besieges speaker's podium

Opposition besieges speaker's podium

Opposition lawmakers besieged the National Assembly Speaker's podium, insisting for debate before voting on rescinding the House's earlier decision on a bill. The Deputy Speaker Sardar Mohammad Yaqub, who was in the chair at that moment, prematurely adjou
Published 06 Sep, 2005 12:00am
Ruling coalition gulf widening

Ruling coalition gulf widening

An apparent gulf in the ranks of ruling coalition following local bodies elections appeared to further widen on Monday when Minister for Parliamentary Affairs refused to reply on behalf of absent Ministers.
Published 06 Sep, 2005 12:00am
No case against Niamat: NAB director-general

No case against Niamat: NAB director-general

National Accountability Bureau (NAB) (Sindh) director-general Major General Mukhtar Ahmed has said there is no case against former Karachi nazim Niamatullah Khan. He was talking to newsmen during a seminar "Role of Civil Society in Eradication Corruption"
Published 06 Sep, 2005 12:00am
NBP takes lead to empower female managers

NBP takes lead to empower female managers

The National Bank of Pakistan (NBP) has taken a positive step by appointing 25 females to head its branches at all over the country and by the year end over 100 more branches of the NBP would be headed by females.
Published 06 Sep, 2005 12:00am
'Curricula revision vital for uniform education system'

'Curricula revision vital for uniform education system'

Federal Minister for Education Lieutenant General Javed Ashraf Qazi (Retd) has stressed that revision of curricula was necessary to implement a uniform education system. Inaugurating the readership scheme at National Book foundation, he categorically dism
Published 06 Sep, 2005 12:00am
President and Prime Minister urge nation to imbibe 1965 spirit

President and Prime Minister urge nation to imbibe 1965 spirit

The President General Pervez Musharraf has called upon the countrymen to imbibe the 1965 spirit of unity, faith and discipline at a time when the nation stood at the crossroads of its destiny. It strived for making Pakistan a truly dynamic, prosperous and
Published 06 Sep, 2005 12:00am
'Business-wise sales tax returns to benefit traders'

'Business-wise sales tax returns to benefit traders'

Manufacturers engaged in selling of their products at the retail outlets would benefit from CBR facility for separately filing of sales tax return for each business activity.
Published 06 Sep, 2005 12:00am
Indian team for gas pipeline talks due on September 7

Indian team for gas pipeline talks due on September 7

An eight-member Indian delegation, headed by secretary petroleum and gas, is arriving here on Wednesday, to attend the second Pak-India Working Group meeting on gas line projects.
Published 06 Sep, 2005 12:00am
ANP leader shot dead

ANP leader shot dead

One Hamidullah (46), an ANP leader and personal aide to former federal minister Ghulam Ahmed Bilour was gunned down over old enmity when he left his residence for Bilour House here in Nothia Jadeed, on Monday morning.
Published 06 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
TCP to stabilise cotton prices if needed: minister

TCP to stabilise cotton prices if needed: minister

Federal Minister for Food Agriculture and Livestock Sikander Hayat Khan Bosan has said that Federal Government would ask Trading Corporation of Pakistan (TCP) to purchase cotton from growers if prices continued to fall further.
Published 06 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
All set to hold third phase of local government polls: ECP

All set to hold third phase of local government polls: ECP

Election Commission of Pakistan (ECP) Secretary Kanwar Muhammad Dilshad on Monday said all arrangements have been finalised to conduct third phase of Local Governments (LGs) Elections. Speaking in PTV programme, he said District Returning Officers (DROs)
Published 06 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
Suggestion reiterated to reduce troops in IoK: foreign office

Suggestion reiterated to reduce troops in IoK: foreign office

During last week's talks by the foreign secretaries of Pakistan and India on the composite dialogue process, Islamabad had reiterated its suggestion that New Delhi thin down its military presence in population centres in occupied Kashmir.
Published 06 Sep, 2005 12:00am
PPPP rules out adjustments with PML for district nazims

PPPP rules out adjustments with PML for district nazims

Pakistan Peoples Party Parliamentarians Secretary General Raja Pervez Ashraf has said that his party would not make adjustments with ruling Pakistan Muslim League in any district from Chitral to Karachi in the third phase of local bodies' elections.
Published 06 Sep, 2005 12:00am
Record rise in companies registration in Balochistan

Record rise in companies registration in Balochistan

Company registration in Balochistan has witnessed significant rise following special facilitation offered by the Securities and Exchange Commission of Pakistan (SECP) for new incorporation in the province.
Published 06 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 05, 2005)

Published 06 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 05, 2005)

Published 06 Sep, 2005 12:00am
New TCP chairman assumes office

New TCP chairman assumes office

Cabinet Division''s Additional Secretary Muhammad Asif Zaman Ansari, a BS-22 officer in Secretariat Group, has assumed the charge of Trading Corporation of Pakistan (TCP) Chairman at Karachi on Monday, said a press release.
Published 06 Sep, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
New TCP chairman assumes office

New TCP chairman assumes office

Cabinet Division's Additional Secretary Muhammad Asif Zaman Ansari, a BS-22 officer in Secretariat Group, has assumed the charge of Trading Corporation of Pakistan (TCP) Chairman at Karachi on Monday, said a press release.
Published 06 Sep, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 05, 2005).

Published 06 Sep, 2005 12:00am
New TCP chairman assumes office

New TCP chairman assumes office

Cabinet Division's Additional Secretary Muhammad Asif Zaman Ansari, a BS-22 officer in Secretariat Group, has assumed the charge of Trading Corporation of Pakistan (TCP) Chairman at Karachi on Monday, said a press release.
Published 06 Sep, 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 (September 05, 2005)
Published 06 Sep, 2005 12:00am
''''Digital certificate'''' for electronic tax returns filing

''''Digital certificate'''' for electronic tax returns filing

Each company or taxpayer will pay an annual fee of Rs 4,500 to National Institutional Facilitation Technologies (Pvt) Limited, Karachi, for obtaining ''''digital certificate'''' to electronically file income tax returns using ''''digital signature''''. Th
Published 06 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 1 bps and its value increased by 0.05% to close at 98.2529. The yield to maturities decreased across the length of the yield curve by approximately 1 basis points, and this coupled with interest rate return, resulted in
Published 06 Sep, 2005 12:00am
''Digital certificate'' for electronic tax returns filing

''Digital certificate'' for electronic tax returns filing

Each company or taxpayer will pay an annual fee of Rs 4,500 to National Institutional Facilitation Technologies (Pvt) Limited, Karachi, for obtaining ''digital certificate'' to electronically file income tax returns using ''digital signature''. The CBR ha
Published 06 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 1 bps and its value increased by 0.05% to close at 98.2529. The yield to maturities decreased across the length of the yield curve by approximately 1 basis points, and this coupled with interest rate return, resulted in
Published 06 Sep, 2005 12:00am
'Digital certificate' for electronic tax returns filing

'Digital certificate' for electronic tax returns filing

Each company or taxpayer will pay an annual fee of Rs 4,500 to National Institutional Facilitation Technologies (Pvt) Limited, Karachi, for obtaining 'digital certificate' to electronically file income tax returns using 'digital signature'. The CBR has fi
Published 06 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 1 bps and its value increased by 0.05% to close at 98.2529. The yield to maturities decreased across the length of the yield curve by approximately 1 basis points, and this coupled with interest rate return, resulted in
Published 06 Sep, 2005 12:00am
'Digital certificate' for electronic tax returns filing

'Digital certificate' for electronic tax returns filing

Each company or taxpayer will pay an annual fee of Rs 4,500 to National Institutional Facilitation Technologies (Pvt) Limited, Karachi, for obtaining 'digital certificate' to electronically file income tax returns using 'digital signature'. The CBR has fi
Published 06 Sep, 2005 12:00am
Kapco may earn Rs 7.52 billion profit

Kapco may earn Rs 7.52 billion profit

Kot Addu Power Company (Kapco) earnings may range between Rs 7.48 billion and Rs 7.52 billion, representing a rise of 8 percent compared with previous year. The country's largest IPP, Kapco, will hold its board meeting on September 6 to announce FY05 annu
Published 06 Sep, 2005 12:00am
Kapco may earn Rs 7.52 billion profit

Kapco may earn Rs 7.52 billion profit

Kot Addu Power Company (Kapco) earnings may range between Rs 7.48 billion and Rs 7.52 billion, representing a rise of 8 percent compared with previous year. The country's largest IPP, Kapco, will hold its board meeting on September 6 to announce FY05 annu
Published 06 Sep, 2005 12:00am
CBR clarification

CBR clarification

The Central Board of Revenue (CBR) has clarified that the International Monetary Fund (IMF) has not asked CBR to waiver off withholding tax on cash withdrawal from the banks. CBR spokesman Habib Fakhruddin on Monday clarified that the IMF has not asked th
Published 06 Sep, 2005 12:00am
CBR clarification

CBR clarification

The Central Board of Revenue (CBR) has clarified that the International Monetary Fund (IMF) has not asked CBR to waiver off withholding tax on cash withdrawal from the banks. CBR spokesman Habib Fakhruddin on Monday clarified that the IMF has not asked th
Published 06 Sep, 2005 12:00am
CBR clarification

CBR clarification

The Central Board of Revenue (CBR) has clarified that the International Monetary Fund (IMF) has not asked CBR to waiver off withholding tax on cash withdrawal from the banks. CBR spokesman Habib Fakhruddin on Monday clarified that the IMF has not asked th
Published 06 Sep, 2005 12:00am
Two government officials killed in Miranshah

Two government officials killed in Miranshah

Gunmen killed two government officials on Monday in an ambush in tribal belt, near the Afghan border, a witness said. The attack took place while the two officials were patrolling a bazaar in Miranshah, the main town in the North Waziristan region. Two of
Published 06 Sep, 2005 12:00am
Two government officials killed in Miranshah

Two government officials killed in Miranshah

Gunmen killed two government officials on Monday in an ambush in tribal belt, near the Afghan border, a witness said. The attack took place while the two officials were patrolling a bazaar in Miranshah, the main town in the North Waziristan region. Two of
Published 06 Sep, 2005 12:00am
Rabobank first half profit rises, no interest in Romania

Rabobank first half profit rises, no interest in Romania

Dutch financial co-operative Rabobank reported a 12 percent rise in interim profit on Monday and ruled itself out of buying Romanian bank Casa de Economii si Consemnatiuni (CEC), saying it was eyeing other markets.
Published 06 Sep, 2005 12:00am
Rabobank first half profit rises, no interest in Romania

Rabobank first half profit rises, no interest in Romania

Dutch financial co-operative Rabobank reported a 12 percent rise in interim profit on Monday and ruled itself out of buying Romanian bank Casa de Economii si Consemnatiuni (CEC), saying it was eyeing other markets.
Published 06 Sep, 2005 12:00am
Japan calls on refiners to ship gasoline to US

Japan calls on refiners to ship gasoline to US

Japan is asking its refiners to ship some of their gasoline supplies to the United States to fulfil Tokyo's part of a global oil stockpile release in the wake of Hurricane Katrina, industry officials said on Monday.
Published 06 Sep, 2005 12:00am