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Print - 2005-09-13
CBR council takes up non-functional warehouses issue

CBR council takes up non-functional warehouses issue

Cancellation of licenses of all non-functional bonded warehouses is not an easy task as it requires completion of legal formalities and data collection from the field formation.
Published 13 Sep, 2005 12:00am
PTA decision on penalising 2 cellphone operators soon

PTA decision on penalising 2 cellphone operators soon

The telecom watchdog agency, PTA is likely to give final deliberation to penalise two mobile phone operators on 'Quality of Service' soon, it is reliably learnt. The Pakistan Telecommunication Authority will take decision on a survey held to check the qua
Published 13 Sep, 2005 12:00am
Pak-India dialogue review at a private dinner in New York

Pak-India dialogue review at a private dinner in New York

The third review of Pakistan-India Composite Dialogue at the summit-level will take place at a private dinner hosted by Indian Prime Minister Manmohan Singh for President Pervez Musharraf at New York during the current week.
Published 13 Sep, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
UNDP representative for Pakistan

UNDP representative for Pakistan

The United Nations Development Programme (UNDP) has appointed Ja J. Vandemoortele as Resident Representative for Pakistan, source in UNDP said. He will also serve as the Resident Co-ordinator for the United Nations system's operational activities for deve
Published 13 Sep, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Sales tax fixation to clip sugar prices: PCTIA

Sales tax fixation to clip sugar prices: PCTIA

Importers have urged the government to fix sales tax rate on sugar and issue fresh directive to Trading Corporation of Pakistan to float another tender of 50,000 tons of the sweetener to offset the sudden likely rise in demand with the advent of Ramazan.
Published 13 Sep, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Sales tax fixation to clip sugar prices: PCTIA

Sales tax fixation to clip sugar prices: PCTIA

Importers have urged the government to fix sales tax rate on sugar and issue fresh directive to Trading Corporation of Pakistan to float another tender of 50,000 tons of the sweetener to offset the sudden likely rise in demand with the advent of Ramazan.
Published 13 Sep, 2005 12:00am
Sales tax fixation to clip sugar prices: PCTIA

Sales tax fixation to clip sugar prices: PCTIA

Importers have urged the government to fix sales tax rate on sugar and issue fresh directive to Trading Corporation of Pakistan to float another tender of 50,000 tons of the sweetener to offset the sudden likely rise in demand with the advent of Ramazan.
Published 13 Sep, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Sales tax fixation to clip sugar prices: PCTIA

Sales tax fixation to clip sugar prices: PCTIA

Importers have urged the government to fix sales tax rate on sugar and issue fresh directive to Trading Corporation of Pakistan to float another tender of 50,000 tons of the sweetener to offset the sudden likely rise in demand with the advent of Ramazan.
Published 13 Sep, 2005 12:00am
Blasts damage Wapda transmission tower

Blasts damage Wapda transmission tower

Unidentified saboteurs blasted three pillars of a high transmission electricity tower of 132 kV at Sakhi Sarwar near here on Sunday morning.
Published 13 Sep, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Seized liquor may be exported

Seized liquor may be exported

The Council of Islamic Ideology (CII) has allowed Central Board of Revenue (CBR) to export the seized liquor and spend export proceeds on welfare of minorities in the country.
Published 13 Sep, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Manmohan continues to 'trust' Musharraf

Manmohan continues to 'trust' Musharraf

Indian Prime Minister Dr Manmohan Singh said on Sunday that he continued to "trust" President Pervez Musharraf and believed that he could do "business" with him.
Published 13 Sep, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
APCMA against substandard cement import

APCMA against substandard cement import

The supply of cement has improved following resumption of operation after plants shutdown because of maintenance and spare work, but increase in the cost of production is adversely affecting the price mechanism.
Published 13 Sep, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
APCMA against substandard cement import

APCMA against substandard cement import

The supply of cement has improved following resumption of operation after plants shutdown because of maintenance and spare work, but increase in the cost of production is adversely affecting the price mechanism.
Published 13 Sep, 2005 12:00am
APCMA against substandard cement import

APCMA against substandard cement import

The supply of cement has improved following resumption of operation after plants shutdown because of maintenance and spare work, but increase in the cost of production is adversely affecting the price mechanism.
Published 13 Sep, 2005 12:00am
Kurd rebels kill 5 Turk troops, 44 protesters held

Kurd rebels kill 5 Turk troops, 44 protesters held

Kurdish guerrillas have killed five Turkish soldiers in the last two days, security officials said on Monday, while police arrested dozens at a protest demanding release of Kurd rebel chief Abdullah Ocalan.
Published 13 Sep, 2005 12:00am
THE RUPEE: currency market almost stay put

THE RUPEE: currency market almost stay put

The rupee on Monday did not move sharply versus the dollar in the interbank market for buying and selling at 59.74 and 59.75, dealers said. Demand for dollar was high but smooth supply of dollar save the rupee from drifting sharply lower, they said.
Published 13 Sep, 2005 12:00am
US citizen held for months in China returns home

US citizen held for months in China returns home

A US citizen freed after being held in China for almost 100 days on suspicion of spying said his release was probably due to Chinese President Hu Jintao's upcoming visit to the United States.
Published 13 Sep, 2005 12:00am
THE RUPEE: currency market almost stay put

THE RUPEE: currency market almost stay put

The rupee on Monday did not move sharply versus the dollar in the interbank market for buying and selling at 59.74 and 59.75, dealers said. Demand for dollar was high but smooth supply of dollar save the rupee from drifting sharply lower, they said.
Published 13 Sep, 2005 12:00am
Afghans must help themselves, US ambassador says

Afghans must help themselves, US ambassador says

Afghans must use the representatives they elect next week to get involved in their development and not leave decisions to foreigners, the US ambassador to the country said on Monday.
Published 13 Sep, 2005 12:00am
US seeks not to focus on North Korea civilian atomic plan

US seeks not to focus on North Korea civilian atomic plan

The United States is ready to seek a negotiated settlement at multilateral talks on dismantling North Korea's nuclear weapons programmes, the top US negotiator to the discussions said on Monday.
Published 13 Sep, 2005 12:00am
LSE stays range-bound

LSE stays range-bound

Business activity remained range-bound on the Lahore Stock Exchange (LSE) on Monday, where banks, cements and gas shares scaled up while petroleum sector depicted weakness on technical grounds.
Published 13 Sep, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
LSE stays range-bound

LSE stays range-bound

Business activity remained range-bound on the Lahore Stock Exchange (LSE) on Monday, where banks, cements and gas shares scaled up while petroleum sector depicted weakness on technical grounds.
Published 13 Sep, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 13 Sep, 2005 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourites moved the entire ready-board in upward direction amid increase in index.
Published 13 Sep, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourites moved the entire ready-board in upward direction amid increase in index.
Published 13 Sep, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Sep, 2005 12:00am
KSE index fails to sustain 7900 level

KSE index fails to sustain 7900 level

The share market closed on a positive note on Monday but for the third time the KSE index failed to sustain the 7900 level because of selling pressure in some of the investment stocks.
Published 13 Sep, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Sep, 2005 12:00am
KSE index fails to sustain 7900 level

KSE index fails to sustain 7900 level

The share market closed on a positive note on Monday but for the third time the KSE index failed to sustain the 7900 level because of selling pressure in some of the investment stocks.
Published 13 Sep, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Sep, 2005 12:00am
KSE index fails to sustain 7900 level

KSE index fails to sustain 7900 level

The share market closed on a positive note on Monday but for the third time the KSE index failed to sustain the 7900 level because of selling pressure in some of the investment stocks.
Published 13 Sep, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Rise in vehicle import enhances duty receipts

Rise in vehicle import enhances duty receipts

The Central Board of Revenue (CBR) has witnessed growth in import of vehicles in July-August 2005-06 after reduction in tariff, resulting in overall growth of customs duty, whereas sales tax refund payments decreased following zero-rating on inputs used b
Published 13 Sep, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Sep, 2005 12:00am
Rise in vehicle import enhances duty receipts

Rise in vehicle import enhances duty receipts

The Central Board of Revenue (CBR) has witnessed growth in import of vehicles in July-August 2005-06 after reduction in tariff, resulting in overall growth of customs duty, whereas sales tax refund payments decreased following zero-rating on inputs used b
Published 13 Sep, 2005 12:00am
Rise in vehicle import enhances duty receipts

Rise in vehicle import enhances duty receipts

The Central Board of Revenue (CBR) has witnessed growth in import of vehicles in July-August 2005-06 after reduction in tariff, resulting in overall growth of customs duty, whereas sales tax refund payments decreased following zero-rating on inputs used b
Published 13 Sep, 2005 12:00am
Sale of 8016 PTCL shares in CTI to Siemens approved

Sale of 8016 PTCL shares in CTI to Siemens approved

The Privatisation Commission (PC) has obtained clearance from the government to sell 8016 PTCL ordinary shares in Carrier Telephone Industries (CTI) to Siemens at approximately Rs 62.375 per share against the reference price of Rs 60.20 per share, fearing
Published 13 Sep, 2005 12:00am
Sale of 8016 PTCL shares in CTI to Siemens approved

Sale of 8016 PTCL shares in CTI to Siemens approved

The Privatisation Commission (PC) has obtained clearance from the government to sell 8016 PTCL ordinary shares in Carrier Telephone Industries (CTI) to Siemens at approximately Rs 62.375 per share against the reference price of Rs 60.20 per share, fearing
Published 13 Sep, 2005 12:00am
Sale of 8016 PTCL shares in CTI to Siemens approved

Sale of 8016 PTCL shares in CTI to Siemens approved

The Privatisation Commission (PC) has obtained clearance from the government to sell 8016 PTCL ordinary shares in Carrier Telephone Industries (CTI) to Siemens at approximately Rs 62.375 per share against the reference price of Rs 60.20 per share, fearing
Published 13 Sep, 2005 12:00am
Sale of 8016 PTCL shares in CTI to Siemens approved

Sale of 8016 PTCL shares in CTI to Siemens approved

The Privatisation Commission (PC) has obtained clearance from the government to sell 8016 PTCL ordinary shares in Carrier Telephone Industries (CTI) to Siemens at approximately Rs 62.375 per share against the reference price of Rs 60.20 per share, fearing
Published 13 Sep, 2005 12:00am
Chief Justice links foreign investment with rule of law

Chief Justice links foreign investment with rule of law

Chief Justice Iftikhar Muhammad Chaudhary has linked the rule of law a touchstone for attracting foreign investment and reminded his colleagues in the judiciary and the law enforcement agencies that a nation plagued with anarchy and chaos would be repulsi
Published 13 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Chief Justice links foreign investment with rule of law

Chief Justice links foreign investment with rule of law

Chief Justice Iftikhar Muhammad Chaudhary has linked the rule of law a touchstone for attracting foreign investment and reminded his colleagues in the judiciary and the law enforcement agencies that a nation plagued with anarchy and chaos would be repulsi
Published 13 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Chief Justice links foreign investment with rule of law

Chief Justice links foreign investment with rule of law

Chief Justice Iftikhar Muhammad Chaudhary has linked the rule of law a touchstone for attracting foreign investment and reminded his colleagues in the judiciary and the law enforcement agencies that a nation plagued with anarchy and chaos would be repulsi
Published 13 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Pakistan and India swap prisoners

Pakistan and India swap prisoners

Pakistan and India exchanged 435 and 152 prisoners, respectively at a ceremony of prisoners exchange initiative held at the Wagah border on Monday.
Published 13 Sep, 2005 12:00am
World Bank mission to review tax reforms from September 19

World Bank mission to review tax reforms from September 19

A World Bank mission will visit Large Taxpayers Unit (LTU), Medium Taxpayers Units (MTUs) and Sust customs station from September 21-26 to review Tax Administration Reform Project (TARP). Sources said on Monday the mission would meet tax managers from Sep
Published 13 Sep, 2005 12:00am
World Bank mission to review tax reforms from September 19

World Bank mission to review tax reforms from September 19

A World Bank mission will visit Large Taxpayers Unit (LTU), Medium Taxpayers Units (MTUs) and Sust customs station from September 21-26 to review Tax Administration Reform Project (TARP). Sources said on Monday the mission would meet tax managers from Sep
Published 13 Sep, 2005 12:00am
World Bank mission to review tax reforms from September 19

World Bank mission to review tax reforms from September 19

A World Bank mission will visit Large Taxpayers Unit (LTU), Medium Taxpayers Units (MTUs) and Sust customs station from September 21-26 to review Tax Administration Reform Project (TARP). Sources said on Monday the mission would meet tax managers from Sep
Published 13 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Punjab minister resigns over local government poll 'rigging'

Punjab minister resigns over local government poll 'rigging'

Punjab Sports Minister Naeem Ullah Khan Shahani has resigned from his office for what he said 'record rigging' in first and second phases of local government elections (LG) in his constituency, District Bhakkar, and provincial government's failure to take
Published 13 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
Punjab minister resigns over local government poll 'rigging'

Punjab minister resigns over local government poll 'rigging'

Punjab Sports Minister Naeem Ullah Khan Shahani has resigned from his office for what he said 'record rigging' in first and second phases of local government elections (LG) in his constituency, District Bhakkar, and provincial government's failure to take
Published 13 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 12, 2005).

Published 13 Sep, 2005 12:00am
SBP takes note of title changing by shipping companies

SBP takes note of title changing by shipping companies

The Governor State Bank of Pakistan, Dr Ishrat Husain has directed the exchange policy department of the central bank to issue instructions to the shipping companies for strict compliance to the rules and should not change shipper/consignee''s name in the
Published 13 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 12, 2005).
Published 13 Sep, 2005 12:00am
SBP takes note of title changing by shipping companies

SBP takes note of title changing by shipping companies

The Governor State Bank of Pakistan, Dr Ishrat Husain has directed the exchange policy department of the central bank to issue instructions to the shipping companies for strict compliance to the rules and should not change shipper/consignee's name in the
Published 13 Sep, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 12, 2005).

Published 13 Sep, 2005 12:00am
SBP takes note of title changing by shipping companies

SBP takes note of title changing by shipping companies

The Governor State Bank of Pakistan, Dr Ishrat Husain has directed the exchange policy department of the central bank to issue instructions to the shipping companies for strict compliance to the rules and should not change shipper/consignee's name in the
Published 13 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by approximately 1bps and its value decreased by 0.02% to close at 98.2638. Yields increased by approximately 1 to 2 basis points among the short to medium tenors while they remained stable in the long tenors. The increase
Published 13 Sep, 2005 12:00am
24 Indian fishermen arrested

24 Indian fishermen arrested

Pakistan arrested 24 Indian fishermen for illegally operating in its territorial waters, an official said Monday, on the same day as the South Asian rivals swapped more than 500 detainees.
Published 13 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by approximately 1bps and its value decreased by 0.02% to close at 98.2638. Yields increased by approximately 1 to 2 basis points among the short to medium tenors while they remained stable in the long tenors. The increase
Published 13 Sep, 2005 12:00am
Traders role in achieving prosperity underscored

Traders role in achieving prosperity underscored

Trade and industrialist bodies can play a pivotal role in positioning Pakistan well to get a lion's share in the World Trade Order (WTO) regime and tackle serious issues like poverty and unemployment by increasing per capita income.
Published 13 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI increased by approximately 1bps and its value decreased by 0.02% to close at 98.2638. Yields increased by approximately 1 to 2 basis points among the short to medium tenors while they remained stable in the long tenors. The increase
Published 13 Sep, 2005 12:00am
Protestors storm Jinnah Convention hall

Protestors storm Jinnah Convention hall

Hundreds of angry protestors stormed the Jinnah Convention Centre hall chanting slogans against organisers, National Reconstruction Bureau (NRB) and Devolution Trust for Community Empowerment (DTCE) over barring them to attend the function, after Prime Mi
Published 13 Sep, 2005 12:00am