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Print - 2005-09-17
China expresses gratitude to Pakistan

China expresses gratitude to Pakistan

Chinese President Hu Jintao on Thursday thanked Pakistan for supporting China at international fora on various issues. The Chinese President conveyed the sentiments at a meeting with President General Pervez Musharraf at the United Nations headquarters.
Published 17 Sep, 2005 12:00am
'Pakistan and China to strengthen military ties'

'Pakistan and China to strengthen military ties'

General Liang Guanglie, member of the Central Military Commission and Chief of the General Staff of the People's Liberation Army (PLA) held talks with General Ehsan-ul-Haq, Chairman of the Joint Chiefs of Staff Committee and pledged to further strengthen
Published 17 Sep, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
Shaukat visits Gwadar today

Shaukat visits Gwadar today

Prime Minister Shaukat Aziz will have a busy schedule when he arrives here on Saturday on a daylong visit. He will launch various development schemes and announce package for development of Gwadar city as well as incentive package for investors in Gwadar
Published 17 Sep, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
10 remain in run for Karachi Nazim slot

10 remain in run for Karachi Nazim slot

Ten candidates were left in the field for City Nazim Karachi election when nomination papers of two candidates were rejected by Returning Officer (RO) on Friday.
Published 17 Sep, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
PTCL plan to terminate contract employees sparks protest in Senate

PTCL plan to terminate contract employees sparks protest in Senate

A reported plan of the Pakistan Telecommunication Company Limited (PTCL) management to terminate over 4,000 of its low-ranked contract employees and the government's inability to undo the move sparked a strong protest from the treasury members in the Sena
Published 17 Sep, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

A historian once said, "those who don't learn from unpleasant events, one day become part of such events". Flash floods and rains in May and June this year wreaked havoc in Nowshehra, Peshawar and elsewhere.
Published 17 Sep, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2005 12:00am
Walkouts mar National Assembly proceedings

Walkouts mar National Assembly proceedings

The refusal of Speaker National Assembly to allow a debate on devastation caused by floods and heavy rains in the NWFP triggered an opposition walkout on Friday. Earlier, Muttahida Majlis-i-Amal (MMA) and Pakistan Muslim League (N) also walked out from th
Published 17 Sep, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Sep, 2005 12:00am
Interior ministry team leaves for Turkey on September 18

Interior ministry team leaves for Turkey on September 18

A four-member interior ministry delegation is due to leave on Sunday for Turkey to attend a meeting of the Pak-Turkish joint commission set up to strengthen bilateral co-operation in combating terrorism and organised crime.
Published 17 Sep, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
Rs 240.410 billion sell-off proceeds given to finance

Rs 240.410 billion sell-off proceeds given to finance

The Privatisation Commission has provided Rs 240.412 billion, from the proceeds of 26 public sector units privatised since November 2002 till to-date, to the finance ministry, sources at PC told Business Recorder here on Friday.
Published 17 Sep, 2005 12:00am
Extension

Extension

Executive Director, Punjab Institute of Mental Health (PIMH), Brigadier Dr Saeed A. Akhtar (Retd) has been given one-year extension to continue on the same post. Dr Saeed was on contractual appointment in Grade-20 as executive director in PIMH. His contra
Published 17 Sep, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Sep, 2005 12:00am
PTCL plans to install 2.3 million WLL

PTCL plans to install 2.3 million WLL

The Pakistan Telecommunication Company Limited (PTCL) is prepared to install 2.3 million Wireless Loop Line (WLL) within a short period. Chairman PTCL, Zaffar A Khan while talking to APP here on Friday pointed out that PTCL had acquired the WLL licence an
Published 17 Sep, 2005 12:00am
Bank Alfalah assigned AA- rating

Bank Alfalah assigned AA- rating

The Pakistan Credit Rating Agency (Pacra) has assigned a rating of 'AA' (double A minus) to the proposed unsecured, subordinated term finance certificates issue of Rs 1,500 million by Bank Alfalah Limited.
Published 17 Sep, 2005 12:00am
Bank Alfalah assigned AA- rating

Bank Alfalah assigned AA- rating

The Pakistan Credit Rating Agency (Pacra) has assigned a rating of 'AA' (double A minus) to the proposed unsecured, subordinated term finance certificates issue of Rs 1,500 million by Bank Alfalah Limited.
Published 17 Sep, 2005 12:00am
Reap to elect chairman and vice chairman today

Reap to elect chairman and vice chairman today

The Managing Committee of the Rice Exporters Association of Pakistan (Reap) will elect the Chairman and Vice Chairman of the association on September 17.
Published 17 Sep, 2005 12:00am
Energy conservation plan to be unveiled soon: Prime Minister

Energy conservation plan to be unveiled soon: Prime Minister

Prime Minister Shaukat Aziz on Friday said that energy conservation plan was being drawn and it would be unveiled soon to deal with wasteful use of fuel, conservation of energies being received from different sources and protection against environmental d
Published 17 Sep, 2005 12:00am
SSGC advice to CNG stations

SSGC advice to CNG stations

The administration of Sui Southern Gas Company (SSGC) on Friday instructed all the owners of CNG stations not to use gas in excess of their allowed limits.
Published 17 Sep, 2005 12:00am
Musharraf's remarks against rape victims condemned

Musharraf's remarks against rape victims condemned

Joint Action Committee for People's Rights, comprising male and female activists and workers of several local NGOs, on Friday held a protest demonstration in front of Karachi Press Club (KPC) against President General Pervez Musharraf's remarks against lo
Published 17 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
SCB chairman visits Pakistan

SCB chairman visits Pakistan

Standard Chartered PLC Chairman Bryan Sanderson was in Islamabad last week on a two-day visit to Pakistan. This was Sanderson's first visit to Pakistan. His visit is a strong reflection on the bank's growing commitment to the country.
Published 17 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
Treatment of jail inmate directed

Treatment of jail inmate directed

The Lahore High Court (LHC) has directed the government to arrange medical treatment of a jail inmate Tariq Sharif and submit a report to the court by September 26.
Published 17 Sep, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
Karachiites relieved as storm passes away

Karachiites relieved as storm passes away

The residents of Karachi heaved a sigh of relief on Friday as storm hitting the city coupled with heavy rains passed away bringing joy especially to the people residing in low-lying areas of the city.
Published 17 Sep, 2005 12:00am
Water security key to uplift: Prime Minister

Water security key to uplift: Prime Minister

Prime Minister Shaukat Aziz said on Friday that water security was an essential requirement for the future development in Pakistan. He was talking to A.N.G. Abbassi Chairman Technical Committee on Water Resources who paid a farewell call on him here at th
Published 17 Sep, 2005 12:00am
Cash & Carry stores

Cash & Carry stores

Cash & Carry wholesale stores will be established in different cities of Sindh, particularly at important trade centres of Karachi. A variety of goods will be available on cash as well as credit in these stores.
Published 17 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 Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
Three-day water closure

Three-day water closure

Karachi Water and Sewerage Board (KW&SB) will start repair work on 48-inch dia water pipeline in Azam Nagar of Liaquatabad from September 21 to be completed in three days.
Published 17 Sep, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
'Population boom hitting economy'

'Population boom hitting economy'

Increase in population is causing threat to stability of country's economy and Pakistan needs an extra 5.67 billion dollars investment annually to create additional GNP of 1.89 billion dollars required to meet the 2.9 million per annum increase in country
Published 17 Sep, 2005 12:00am
Free eye camp

Free eye camp

A free eye camp is being organised at Muhammad Sadiq, Hajira Bibi Memorial Hospital, 18-km, Sheikhupura-Faisalabad Road, district Sheikhupura from 26th September to 1st October 2005.
Published 17 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.12% to close at 98.323. Yields decreased across the length of the yield curve. In the short tenors, yields decreased by 1 to 2 basis points, while in the medium tenors, y
Published 17 Sep, 2005 12:00am
SMS seminars

SMS seminars

The Government College University Lahore School of Mathematical Sciences (SMS) has quite a good number of foreign faculty members in mathematics hired on a long-term basis under the Higher Education Commission (HEC) Foreign Faculty Hiring Scheme.
Published 17 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.12% to close at 98.323. Yields decreased across the length of the yield curve. In the short tenors, yields decreased by 1 to 2 basis points, while in the medium tenors, y
Published 17 Sep, 2005 12:00am
Thai team sees investment potential in livestock

Thai team sees investment potential in livestock

The Thai delegation, which is currently on a visit to Pakistan, has shown interest to invest in the livestock sector wherein a wide scope of value addition was available under public-private partnership.
Published 17 Sep, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.12% to close at 98.323. Yields decreased across the length of the yield curve. In the short tenors, yields decreased by 1 to 2 basis points, while in the medium tenors, y
Published 17 Sep, 2005 12:00am
PSMA opposes new study on blending of 5 percent ethanol

PSMA opposes new study on blending of 5 percent ethanol

Pakistan Sugar Mills Association (PSMA) has opposed a fresh study on blending of 5 percent ethanol with gasoline and termed it a move of the oil marketing companies' lobby to derail and sabotage the decision taken by President Pervez Musharraf in February
Published 17 Sep, 2005 12:00am
Four killed in Indian occupied Kashmir

Four killed in Indian occupied Kashmir

Three freedom fighters died in gun battles with Indian occupation soldiers and a villager was beaten to death in the latest bloodshed on Friday in occupied Kashmir, officials said.
Published 17 Sep, 2005 12:00am
US pledges aid for dairy, marble and gem industries

US pledges aid for dairy, marble and gem industries

US Ambassador Ryan C Crocker pledged continued U S assistance to build and expand three major industrial sectors dairy, marble and granite, and gems and jewellery as an essential component of its overall $1.5 billion assistance package to Pakistan.
Published 17 Sep, 2005 12:00am
US pledges aid for dairy, marble and gem industries

US pledges aid for dairy, marble and gem industries

US Ambassador Ryan C Crocker pledged continued U S assistance to build and expand three major industrial sectors dairy, marble and granite, and gems and jewellery as an essential component of its overall $1.5 billion assistance package to Pakistan.
Published 17 Sep, 2005 12:00am
US pledges aid for dairy, marble and gem industries

US pledges aid for dairy, marble and gem industries

US Ambassador Ryan C Crocker pledged continued U S assistance to build and expand three major industrial sectors dairy, marble and granite, and gems and jewellery as an essential component of its overall $1.5 billion assistance package to Pakistan.
Published 17 Sep, 2005 12:00am
Pakistan and India urged to remove trade barriers

Pakistan and India urged to remove trade barriers

Pakistan and India should remove trade barriers and complement each other to tape bilateral trade potential of more than three billion dollars through direct trade for benefit of both the peoples.
Published 17 Sep, 2005 12:00am
Garuda signs $2 billion deal with Boeing

Garuda signs $2 billion deal with Boeing

Indonesian state airline Garuda Indonesia has signed a $2 billion deal with Boeing Co to buy 28 passenger aircraft, the local carrier said on Friday. The airline said in a statement it would buy 18 narrow body 737-800s and 10 787-800s, with the first deli
Published 17 Sep, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 16, 2005).

Published 17 Sep, 2005 12:00am
IMF expects US growth to dip next year

IMF expects US growth to dip next year

The International Monetary Fund expects the United States economy to grow less than previously expected this year and next, but will upgrade Japan's growth prospects on its upcoming world economic scorecard, German newspapers said on Friday.
Published 17 Sep, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 16, 2005).
Published 17 Sep, 2005 12:00am
IBM, after chip-unit losses, sees growth in Cell

IBM, after chip-unit losses, sees growth in Cell

Two years ago, analysts were calling on IBM to exit the microchip business after production problems and lower-than-expected orders led to losses of more than $1 billion since 2002 at the division.
Published 17 Sep, 2005 12:00am
Nintendo unveils next-generation game controller

Nintendo unveils next-generation game controller

Nintendo Co Ltd surprised the game industry on Friday with an unconventional one-handed controller for its next-generation "Revolution" console that aims to draw in new players.
Published 17 Sep, 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 (September 16, 2005).

Published 17 Sep, 2005 12:00am
Microsoft takes on Google by opening up MSN

Microsoft takes on Google by opening up MSN

Microsoft Corp is making some of the features on its Internet division site, MSN, available to outside software developers as it takes on Google Inc in the Web-based information and services market.
Published 17 Sep, 2005 12:00am
Equities witness erosion on ISE

Equities witness erosion on ISE

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based erosion amid increase in index. ISE network index showed a decrease of 53.39 points as the price-based indicator moved from 11,538.41 to 11
Published 17 Sep, 2005 12:00am
Equities witness erosion on ISE

Equities witness erosion on ISE

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based erosion amid increase in index. ISE network index showed a decrease of 53.39 points as the price-based indicator moved from 11,538.41 to 11
Published 17 Sep, 2005 12:00am
LSE index down by 41.10 points

LSE index down by 41.10 points

Share values were depressed on Lahore Stock Exchange (LSE) on last trading day of the week, on account of a technical correction, that forced the index to shed approximately one-percent, with also a visible decline in turnover.
Published 17 Sep, 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 (September 16, 2005).

Published 17 Sep, 2005 12:00am
LSE index down by 41.10 points

LSE index down by 41.10 points

Share values were depressed on Lahore Stock Exchange (LSE) on last trading day of the week, on account of a technical correction, that forced the index to shed approximately one-percent, with also a visible decline in turnover.
Published 17 Sep, 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 (September 16, 2005).

Published 17 Sep, 2005 12:00am
CBR effects changes in sales tax rules

CBR effects changes in sales tax rules

The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of ''''Sodium dichromate'''' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating
Published 17 Sep, 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 (September 16, 2005).

Published 17 Sep, 2005 12:00am
CBR effects changes in sales tax rules

CBR effects changes in sales tax rules

The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of ''Sodium dichromate'' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating fac
Published 17 Sep, 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 17 Sep, 2005 12:00am
CBR effects changes in sales tax rules

CBR effects changes in sales tax rules

The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of 'Sodium dichromate' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating facil
Published 17 Sep, 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 17 Sep, 2005 12:00am
CBR effects changes in sales tax rules

CBR effects changes in sales tax rules

The Central Board of Revenue (CBR) will charge sales tax at the rate of zero-percent on import and supply of 'Sodium dichromate' and footwear with upper of leather or composition leather and footwear with upper of textile material, while zero-rating facil
Published 17 Sep, 2005 12:00am