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Print - 2005-10-12
Punjab sends 42 trucks of relief goods to AJK and NWFP

Punjab sends 42 trucks of relief goods to AJK and NWFP

Forty-eight trucks of relief goods donated by Punjab government for the earthquake victims of Azad Kashmir and NWFP left here on Tuesday. Provincial Minister for Chief Minister's Inspection Team Colonel Shuja Khanzada (Retd) from Nasirbagh dispatched the
Published 12 Oct, 2005 12:00am
Foreign investors may obtain 'advance ruling' on tax matters

Foreign investors may obtain 'advance ruling' on tax matters

Foreign investors/non-resident companies are free to obtain 'advance ruling' on income tax matters for avoiding tax disputes later on. Official sources told Business Recorder on Tuesday that most of the foreign or non-resident companies have engage
Published 12 Oct, 2005 12:00am
Foreign investors may obtain 'advance ruling' on tax matters

Foreign investors may obtain 'advance ruling' on tax matters

Foreign investors/non-resident companies are free to obtain 'advance ruling' on income tax matters for avoiding tax disputes later on. Official sources told Business Recorder on Tuesday that most of the foreign or non-resident companies have engage
Published 12 Oct, 2005 12:00am
Foreign investors may obtain ''advance ruling'' on tax matters

Foreign investors may obtain ''advance ruling'' on tax matters

Foreign investors/non-resident companies are free to obtain ''advance ruling'' on income tax matters for avoiding tax disputes later on. Official sources told Business Recorder on Tuesday that most of the foreign or non-resident companies have enga
Published 12 Oct, 2005 12:00am
No new NTNs without Nadra verification

No new NTNs without Nadra verification

The Central Board of Revenue (CBR) will not issue National Tax Numbers (NTNs) to taxpayers without prior verification of data from National Database and Registration Authority (Nadra).
Published 12 Oct, 2005 12:00am
No new NTNs without Nadra verification

No new NTNs without Nadra verification

The Central Board of Revenue (CBR) will not issue National Tax Numbers (NTNs) to taxpayers without prior verification of data from National Database and Registration Authority (Nadra).
Published 12 Oct, 2005 12:00am
No new NTNs without Nadra verification

No new NTNs without Nadra verification

The Central Board of Revenue (CBR) will not issue National Tax Numbers (NTNs) to taxpayers without prior verification of data from National Database and Registration Authority (Nadra).
Published 12 Oct, 2005 12:00am
Manmohan pledges $150 million aid to IoK and Pakistan

Manmohan pledges $150 million aid to IoK and Pakistan

Indian Prime Minister Manmohan Singh pledged nearly $150 million on Tuesday to rebuild Indian occupied Kashmir and aid to Pakistan, as the toll from the killer quake rose here to at least 1,300.
Published 12 Oct, 2005 12:00am
LSE index up 40.01 points

LSE index up 40.01 points

Led by banking and petroleum sectors, equities averted declines on Lahore Stock Exchange (LSE) amid ascending transaction volume on account of fresh buying in selective shares.
Published 12 Oct, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 6 pps and its value increased by 0.04% to close at 98.8537. Yields decreased by approximately 3 - 4 basis points in the short tenors while they decreased by 1 basis point in the medium tenors. However, in the long tenor
Published 12 Oct, 2005 12:00am
LSE index up 40.01 points

LSE index up 40.01 points

Led by banking and petroleum sectors, equities averted declines on Lahore Stock Exchange (LSE) amid ascending transaction volume on account of fresh buying in selective shares.
Published 12 Oct, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 6 pps and its value increased by 0.04% to close at 98.8537. Yields decreased by approximately 3 - 4 basis points in the short tenors while they decreased by 1 basis point in the medium tenors. However, in the long tenor
Published 12 Oct, 2005 12:00am
Buying spree grips ISE

Buying spree grips ISE

Fresh buying spree in trend-setters moved the entire ready-board in upward direction at the Islamabad Stock Exchange (ISE) where equities showed healthy gains amid increase in index. ISE Network index showed an improvement of 84.11 points as the price-bas
Published 12 Oct, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 6 pps and its value increased by 0.04% to close at 98.8537. Yields decreased by approximately 3 - 4 basis points in the short tenors while they decreased by 1 basis point in the medium tenors. However, in the long tenor
Published 12 Oct, 2005 12:00am
Buying spree grips ISE

Buying spree grips ISE

Fresh buying spree in trend-setters moved the entire ready-board in upward direction at the Islamabad Stock Exchange (ISE) where equities showed healthy gains amid increase in index. ISE Network index showed an improvement of 84.11 points as the price-bas
Published 12 Oct, 2005 12:00am
SkyWest adds to order of Bombardier jets

SkyWest adds to order of Bombardier jets

Bombardier Inc said on Tuesday that SkyWest Inc had agreed to buy 22 of the Canadian plane and train maker's 70-seat CRJ700 aircraft. The transaction, which is valued at about $798 million (C$941.6 million), converts 18 Delta Air Lines CRJ200 aircraft on
Published 12 Oct, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
Volkswagen says to keep Porsche at arm's length

Volkswagen says to keep Porsche at arm's length

Volkswagen, the world's fourth-biggest carmaker, wants to expand its co-operation with Porsche but pledged to hold its single largest shareholder "at arm's length" to keep all options open.
Published 12 Oct, 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 Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
Rosneft wants to ship oil to China via Kazakh link

Rosneft wants to ship oil to China via Kazakh link

Russian state oil firm Rosneft wants to become the first Russian firm to join the list of shippers via a new pipeline from Kazakhstan to China, a Russian official said on Tuesday.
Published 12 Oct, 2005 12:00am
Inco woos Falconbridge with $10 billion offer

Inco woos Falconbridge with $10 billion offer

Inco Ltd, the world's No 2 nickel miner, said on Tuesday it would buy rival Falconbridge Ltd for more than C$12 billion ($10.2 billion), trumping an effort by Swiss-based Xstrata Plc to take over the Canadian nickel and copper producer.
Published 12 Oct, 2005 12:00am
Oracle chief sees dividend payout possible

Oracle chief sees dividend payout possible

Oracle Corp Chief Executive Larry Ellison said on Monday the database software giant might pay a dividend to stockholders, once the pace of acquisitions in the rapidly consolidating business software industry slows.
Published 12 Oct, 2005 12:00am
Oracle chief sees dividend payout possible

Oracle chief sees dividend payout possible

Oracle Corp Chief Executive Larry Ellison said on Monday the database software giant might pay a dividend to stockholders, once the pace of acquisitions in the rapidly consolidating business software industry slows.
Published 12 Oct, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
18 Afghan cops killed in ambush

18 Afghan cops killed in ambush

Taleban fighters ambushed and killed 18 Afghan policemen, including a provincial director, in the biggest attack on Afghanistan's fledgling police force, the government said on Tuesday.
Published 12 Oct, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
Eight killed in Indian occupied Kashmir

Eight killed in Indian occupied Kashmir

Indian occupation troops killed eight suspected freedom fighters in Indian occupied Kashmir on Tuesday, police said, despite a unilateral cease-fire called by the freedom fighters while earthquake relief operations are under way.
Published 12 Oct, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
CBR and TIP sign MoU to ensure transparency

CBR and TIP sign MoU to ensure transparency

Transparency International Pakistan (TIP) and Central Board of Revenue (CBR) on Tuesday inked a Memorandum of Understanding (MoU) to devise foolproof procedure for equipment, bidding/contract documents to eliminate chances of underhand deals during evalua
Published 12 Oct, 2005 12:00am
New procedure for export shipment at NLC terminal

New procedure for export shipment at NLC terminal

The Collectorate of Customs (Export) has laid down a procedure for handling of export shipments at the National Logistic Cell (NLC) container terminal (NLCCT) on Mai Kolachi Road, Karachi.
Published 12 Oct, 2005 12:00am
New procedure for export shipment at NLC terminal

New procedure for export shipment at NLC terminal

The Collectorate of Customs (Export) has laid down a procedure for handling of export shipments at the National Logistic Cell (NLC) container terminal (NLCCT) on Mai Kolachi Road, Karachi.
Published 12 Oct, 2005 12:00am
New procedure for export shipment at NLC terminal

New procedure for export shipment at NLC terminal

The Collectorate of Customs (Export) has laid down a procedure for handling of export shipments at the National Logistic Cell (NLC) container terminal (NLCCT) on Mai Kolachi Road, Karachi.
Published 12 Oct, 2005 12:00am
Plea to extend R&D support to garment export

Plea to extend R&D support to garment export

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has urged the Ministry of Commerce to extend the Research and Development (R&D) support to garment exports to Turkey and other non-traditional markets to help exporters captu
Published 12 Oct, 2005 12:00am
Shanul Haq Haqqee passes away

Shanul Haq Haqqee passes away

Renowned poet and literary figure Shanul Haq Haqqee, aged 88, passed away on Tuesday in Canada. He was suffering from cancer for last one year. He translated many books into Urdu. He also worked for Pakistan Television. He was living in Canada for many ye
Published 12 Oct, 2005 12:00am
Reformers grieved over quake losses

Reformers grieved over quake losses

The president, the secretary general, and the members of the managing committee of The Reformers expressed their deep anguish and sorrow on the tremendous loss of valuable lives in the earthquake disaster.
Published 12 Oct, 2005 12:00am
SBP amends Corporate banking Prudential Regulations

SBP amends Corporate banking Prudential Regulations

The State Bank of Pakistan has made some changes in its BPD Circular No 14 dated April 7, 2005 on the Prudential Regulations for Corporate/ Commercial Banking in vestment in COIs /Inter-Bank placements with NBFCs.
Published 12 Oct, 2005 12:00am
SECP sets up fund to mobilise finances

SECP sets up fund to mobilise finances

In an effort to supplement the government's programme for disaster relief, the Securities and Exchange Commission of Pakistan (SECP) has established a fund to mobilise finances for post-relief reconstruction of devastated areas.
Published 12 Oct, 2005 12:00am
CIIT and Risk Associates to fulfil IT security needs

CIIT and Risk Associates to fulfil IT security needs

Pakistan is experiencing an IT revolution. With this revolution comes a dire need to protect information assets and infrastructure. Comsats Institute of Information Technology (CIIT) and Risk Associates have joined hands to fulfil the information security
Published 12 Oct, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Oct, 2005 12:00am
Unprecedented relief activities in Islamabad

Unprecedented relief activities in Islamabad

Unprecedented relief activities are seen in the federal capital as people from all walks of life including students, traders, and government servants are actively participating in the relief efforts dropping their shares in the pool of donation.
Published 12 Oct, 2005 12:00am
Fazl and Durrani not to attend NSC meeting today

Fazl and Durrani not to attend NSC meeting today

Muttahida Majlis-i-Amal (MMA) on Tuesday decided not to allow opposition leader Maulana Fazlur Rehman and NWFP Chief Minister Akram Khan Durrani to attend National Security Council (NSC) meeting on Wednesday.
Published 12 Oct, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
Saudi Pak Tower declared safe

Saudi Pak Tower declared safe

The Capital Development Authority (CDA) declared Saudi Pak Tower safe for occupancy on Tuesday. A team of CDA engineers headed by its director (structures) carried out visual checking/inspection of Saudi Pak Tower here.
Published 12 Oct, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Oct, 2005 12:00am
ISPR media centre

ISPR media centre

Inter Services Public Relations (ISPR) has established a media centre at the PAF Base Chaklala working round the clock as rescue teams from abroad along with relief goods, experts and equipment are arriving there and Islamabad International Airport, says
Published 12 Oct, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Oct, 2005 12:00am
Musharraf appeals to expatriates for donations

Musharraf appeals to expatriates for donations

President General Pervez Musharraf has appealed to expatriate Pakistani businessmen to come forward with generous contributions to the country's gigantic rescue and relief efforts in the wake of Saturday's massive earthquake.
Published 12 Oct, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Oct, 2005 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
Relief activities gaining momentum in Punjab

Relief activities gaining momentum in Punjab

Relief activities in the Punjab province have gained momentum as a large number of social, political, religious and welfare organisations set up relief camps across the province to collecting commodities for earthquake victims.
Published 12 Oct, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (October 11, 2005).

Published 12 Oct, 2005 12:00am
Bangladesh to send relief goods

Bangladesh to send relief goods

Bangladesh will send 20,000 blankets, clothes and medicines to earthquake victims in Pakistan, an official said on Tuesday. "The Prime Minister (Khaleda Zia) has instructed the food and disaster management ministry to send the relief materials immediately
Published 12 Oct, 2005 12:00am
Putin condoles with Musharraf

Putin condoles with Musharraf

Russian President Vladimir Putin has expressed his condolences and sorrow over loss of lives and destruction in the weekend's earthquake in a message addressed to President General Pervez Musharraf.
Published 12 Oct, 2005 12:00am
PMA sends doctors' team, relief goods to Mansehra

PMA sends doctors' team, relief goods to Mansehra

Pakistan Medical Association is extremely grateful to the doctors' community and medical students all over the country, who are working hard to collect medicine, tents, blankets, milk, water and other life-saving materials. PMA is also thankful to general
Published 12 Oct, 2005 12:00am
Corrigendum

Corrigendum

'A review of Habib Bank Ltd's annual report for 2004: Advances outpace interest income' published on 11th October, 2005 on Page 21 of Business Recorder was contributed by A.M. Talha. The name of the wrtier was Omitted due to a computer glitch.
Published 12 Oct, 2005 12:00am
Lahore doctors team leaves for AJK and Northern Areas

Lahore doctors team leaves for AJK and Northern Areas

Like other segments of society, doctors community is keen to devote all its energies for rehabilitation of earthquake victims, and several teams of doctors from different teaching hospitals have already left for calamity-hit areas in Azad Kashmir and Nort
Published 12 Oct, 2005 12:00am
Two medical teams leave for Mansehra and Muzaffarabad

Two medical teams leave for Mansehra and Muzaffarabad

Two medical teams equipped with necessary medicine, food, vaccines, gloves, tents and masks were sent to Mansehra and Muzafarabad to provide relief to affected people in the badly affected areas of Shinkiari, Ghari Habib Ullah, Bagh and Rawalakot.
Published 12 Oct, 2005 12:00am
Risk of epidemic in Muzaffarabad

Risk of epidemic in Muzaffarabad

Medical organisation Medecins Sans Frontieres (MSF) warned on Tuesday that there was a risk of an epidemic of water borne diseases in Muzaffarabad, the quake-devastated capital of Azad Kashmir.
Published 12 Oct, 2005 12:00am
AKUH sends two teams to quake-hit areas

AKUH sends two teams to quake-hit areas

Aga Khan University Hospital (AKUH) has sent two teams consisting of eight doctors and three nursing technicians along with medicine supplies to help victims of the catastrophic earthquake that has struck northern areas of Pakistan.
Published 12 Oct, 2005 12:00am
DUHS forms medical teams for quake-hit areas

DUHS forms medical teams for quake-hit areas

The Vice Chancellor, Dow University of Health Sciences, Professor Masood Hameed Khan here Monday announced an elaborate program to reinforce the relief operations and constituted medical teams to help the earthquake victims.
Published 12 Oct, 2005 12:00am
SCCI to donate Rs 10 million to relief fund

SCCI to donate Rs 10 million to relief fund

The Sialkot Chamber of Commerce and Industry (SCCI) is taking numerous measures to contribute towards the national crusade to help the victims of devastating earthquake in the country, said SCCI's acting President Faisal Mehmood Khan.
Published 12 Oct, 2005 12:00am
Union Bank and Arabian Sea sign pact

Union Bank and Arabian Sea sign pact

The Union Bank American Express Cards and Arabian Sea Country Club have signed an agreement, according to which the card members will be able to purchase a full family membership or corporate membership of the Country Club and pay in easy monthly instalme
Published 12 Oct, 2005 12:00am
Earthquake victims airlifted to CMH Gujranwala

Earthquake victims airlifted to CMH Gujranwala

As many as 172 earthquake wounded people of Bala Kot, Rawala Kot, Bagh and Muzaffarabad were airlifted to CMH Gunjranwala for treatment on Tuesday. Army doctors operated 103 seriously injured persons and now they are stable. The condition of 20 injured pe
Published 12 Oct, 2005 12:00am
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