News Archives for Print - 2005-10-13

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Print - 2005-10-13

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 13 Oct, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Hopes fade for hundreds of girls buried under AJK school

A Dutch team sifting through the debris of a collapsed school in Bagh city, Azad Jammu and Kashmir (AJK), has abandoned hope of finding any children alive five days after a devastating earthquake shook the region.

Published 13 Oct, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Panel to streamline tax data reporting system

The Central Board of Revenue (CBR) has launched a countrywide exercise to ascertain reason behind the delay in the reporting of income tax data by the Data Processing Centers (DPCs) and Regional Commissionerates of Income Tax (RCITs).

Published 13 Oct, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

World Bank to provide $3 billion for power project in 5 years

World Bank will provide three billion dollars over the next five years to Pakistan for implementing a nation wide 'Electricity Distribution and Transmission Improvement Project' to increase efficiency, reliability and quality of electricity supply by supp

Published 13 Oct, 2005 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Pakistan likely to sell back Russian wheat

Pakistan, flush with imported wheat after plentiful arrivals in recent weeks, is looking to sell back a few cargoes to its supplier at a fee, regional grain traders said on Wednesday.

Published 13 Oct, 2005 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Pakistan likely to sell back Russian wheat

Pakistan, flush with imported wheat after plentiful arrivals in recent weeks, is looking to sell back a few cargoes to its supplier at a fee, regional grain traders said on Wednesday.

Published 13 Oct, 2005 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Pakistan likely to sell back Russian wheat

Pakistan, flush with imported wheat after plentiful arrivals in recent weeks, is looking to sell back a few cargoes to its supplier at a fee, regional grain traders said on Wednesday.

Published 13 Oct, 2005 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

TCP floats another tender for sale of 75,000 tonnes sugar

The Trading Corporation of Pakistan (TCP) has floated a tender for the local sale of 75,000 tonnes of sugar from the imported stock to ease prices during Ramazan.

Published 13 Oct, 2005 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Quake halts historic Kashmir bus

A historic transborder bus service launched this year in divided Kashmir has been suspended indefinitely because of major quake damage to a highway connecting the two zones, officials said on Wednesday.

Published 13 Oct, 2005 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Quake halts historic Kashmir bus

Published 13 Oct, 2005 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 13 Oct, 2005 12:00am

American Private Equity Fund invests $25 million in Worldcall Group

A landmark deal was signed on October 6, 2005 between Worldcall Telecom Limited ("WTL") and Amaranth Advisors LLC ("Amaranth") to invest USD 25 million in Worldcall Group.

Published 13 Oct, 2005 12:00am

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 13 Oct, 2005 12:00am

American Private Equity Fund invests $25 million in Worldcall Group

A landmark deal was signed on October 6, 2005 between Worldcall Telecom Limited ("WTL") and Amaranth Advisors LLC ("Amaranth") to invest USD 25 million in Worldcall Group.

Published 13 Oct, 2005 12:00am

Companies under suspension

"Under Suspension" Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2005 12:00am

American Private Equity Fund invests $25 million in Worldcall Group

A landmark deal was signed on October 6, 2005 between Worldcall Telecom Limited ("WTL") and Amaranth Advisors LLC ("Amaranth") to invest USD 25 million in Worldcall Group.

Published 13 Oct, 2005 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Oct, 2005 12:00am

Over 3.3 million people affected in quake: Shaukat Sultan

Around 3.3 million people spread over an area of 20,000 square kilometre were worst affected by October 8 earthquake and subsequent aftershocks, said Director General Inter Services Public Relations (ISPR) Major General Shaukat Sultan.

Published 13 Oct, 2005 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 13 Oct, 2005 12:00am

Indo-Pak world Expo 2005

Pakistan will participate in the Indo-Pak International Expo 2005 (IPIE-2005) scheduled to be held at the Guru Nanak Stadium, Gandhi ground, Amritsar from December 1 to 4. Pakistan's participation is being organised by the Federation of Pakistan Chambers

Published 13 Oct, 2005 12:00am

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

'Human sufferings are above politics': Durrani attends NSC meeting

Taking a U-turn on its over a year-long stance, NWFP Chief Minister Akram Khan Durrani attended the National Security Council (NSC) meeting on Wednesday while Qazi Hussain Ahmed kept opposing the move.

Published 13 Oct, 2005 12:00am

Dividend/Bonus Announcements

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

Published 13 Oct, 2005 12:00am

Transportation of goods to quake-hit areas facing difficulties

The transportation of relief goods to earthquake hit areas facing difficulties due to shortage of trucks and heavy vehicles, while the spirit of Laborites for donating is growing on the forth day of earthquake tragedy as they were pouring in clothes, medi

Published 13 Oct, 2005 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2005 12:00am

'Labour policy to ensure rights of workers, employers'

Participants at a consultative workshop agreed that the 'National labour protection policy' would provide equal safeguard to the rights of employees and employers. They said the implementation on the recommendations, prepared by the working groups in the

Published 13 Oct, 2005 12:00am

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2005 12:00am

Relatives shift 18 quake victims to city hospitals

The relatives of as many as 18 earthquake victims have shifted them to Lahore General and Sir Gangaram hospitals from Azad Kashmir on Wednesday.

Published 13 Oct, 2005 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2005 12:00am

People advised to donate tents, blankets and medicines

The provincial relief commissioner and the senior member Board of Revenue, Sindh, Syed Anwar Haider, on Wednesday advised the general public/donors to come up with only importantly required items such as tents, blankets and medicines at the PAF Base Faisa

Published 13 Oct, 2005 12:00am

Presentation

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

Published 13 Oct, 2005 12:00am

HBFC plans to include builders' links on its website

House Building Finance Corporation (HBFC) plans to make it mandatory for builders and developers to post their services on its website. This would enable the general public especially the overseas Pakistanis to choose their housing site, know its reliabil

Published 13 Oct, 2005 12:00am

Applied for extension to SECP for holding AGM

Applied for extension to SECP for holding of annual general meeting.

Published 13 Oct, 2005 12:00am

Quake retards construction activity

The earthquake has slowed down construction activity in the provincial metropolis, as large number of labourers have left for their hometowns in Azad Kashmir and Northern Areas to look after their kith and kin in the hour of distress.

Published 13 Oct, 2005 12:00am

All shares index report

The sector-wise all shares index report on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Acute shortage of live-saving drugs in Karachi

Large-scale purchase of medicines from the local market for donations to the relief effort in the Northern Areas has resulted in an acute shortage of various life-saving drugs in Karachi. As a result, some of the chemists and druggists are reportedly enga

Published 13 Oct, 2005 12:00am

Insurance: AMERICAN LIFE INSURANCE COMPANY (PAKISTAN) LIMITED - Half Year Ended June 30, 2005 (Un-audited)

American Life Insurance Company (Pakistan) Limited (Alico-Pakistan) was incorporated in Pakistan on October 9, 1994 as a public limited company and its shares are listed on the Karachi and Lahore Stock Exchanges. Alico-Pakistan is engaged in life insuranc

Published 13 Oct, 2005 12:00am

Inclusion of private sector in EPZs demanded

The Chairman of Export Processing and Free Zones Committee (EPZ) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sheikh Javaid, has demanded setting up of export processing and free zones, particularly Gwadar EPZ, with private sec

Published 13 Oct, 2005 12:00am

Insurance: AMERICAN LIFE INSURANCE COMPANY (PAKISTAN) LIMITED - Half Year Ended June 30, 2005 (Un-audited)

Published 13 Oct, 2005 12:00am

Gangrene, diarrhoea spreading in devastated valley

A relief worker who reached one of the most devastated and remote areas of Pakistan said on Wednesday that gangrene and diarrhoea were spreading among villagers left helpless by the earthquake.

Published 13 Oct, 2005 12:00am

THE RUPEE: gradual fall against dollar continues

The rupee tumbled versus the dollar after losing modestly in the open market on Wednesday, shedding three paisa for buying at 60.10 and falling by eight paisa in on the selling counter at 60.20 in the process of trading, dealers said.

Published 13 Oct, 2005 12:00am

Thailand sends aid

Thailand has airlifted five million baht (122,000 dollars) worth of humanitarian aid for Pakistan's earthquake victims, and has 50 medical teams on standby if needed, senior officials said on Wednesday.

Published 13 Oct, 2005 12:00am

THE RUPEE: gradual fall against dollar continues

Published 13 Oct, 2005 12:00am

Pakistan Navy to set up 50-bed mobile field hospital

Pakistan Navy has mobilised its assets for establishing 50-bed mobile field hospital in the quake effected Northern Areas. A team of surgeons, specialists and medical staff of PNS Shifa on Wednesday boarded PN aircraft, which flew from PNS Mehran. The air

Published 13 Oct, 2005 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Abu Dhabi Group donates Rs 220 million

Abu Dhabi Group Chairman His Excellency Sheikh Nahayan Bin Mabarak Al Nahayan has announced rupees 220 million as donation for the President's Earthquake Relief fund, says a press release here.

Published 13 Oct, 2005 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Jetro contributes $10 million for quake-victims rehabilitation

Hiroyuki Miyakawa, Director General of Japan External Trade Organisation (Jetro), called on Adviser to prime Minister on Finance, Revenue, Economic Affairs Dr Salman Shah at ministry of finance on Wednesday.

Published 13 Oct, 2005 12:00am

Shipping Intelligence

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

Published 13 Oct, 2005 12:00am

Chinese quake victim's family arrives

The family members of the Chinese engineer, Huang Bingkun, who was killed in devastating earthquake, have reached Pakistan on Wednesday, sources said here.

Published 13 Oct, 2005 12:00am

Shipping Intelligence

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

Published 13 Oct, 2005 12:00am

Sri Lanka pledges $100,000

The government of Sri Lanka has pledged a sum of $100,000 in assistance for the earthquake victims of Pakistan. The donation would assist ongoing relief efforts in the aftermath of October 8 earthquake.

Published 13 Oct, 2005 12:00am

Lahore Grain Market Rates

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

Published 13 Oct, 2005 12:00am

Ilahi appointed liaison officer

Punjab Government has appointed Director General Relief Irfan Ilahi as Liaison Officer in connection with measures being taken for assistance and rehabilitation of earthquake affectees.

Published 13 Oct, 2005 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Iran sends relief goods for quake victims

The Iranian government has sent a 40-member medical team with all necessary equipment and two consignments weighing 78 tonnes of relief goods for the earthquake victims in Pakistan.

Published 13 Oct, 2005 12:00am

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

DCO appeals for one blanket per household

District Co-ordination Officer, Fazlur Rehman on Wednesday appealed to the masses to donate at least one blanket per household so that the earthquake victims could fight out the coming winter.

Published 13 Oct, 2005 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 13, 2005.

Published 13 Oct, 2005 12:00am

Calligraphic art on display

Iranian Consul General, Syed Hussaini opened a calligraphic art exhibition, organised by Hotel Mehran in its premises here on Monday. A selective calligraphic work consisting 45 pieces on Qura'anic Verses, illustrated by renowned artist Tabassum has been

Published 13 Oct, 2005 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 13, 2005.

Published 13 Oct, 2005 12:00am

Karachiites donate generously for quake victims

The wrath of nature in the form of devastating earthquakes in North Pakistan has revealed the humanitarian side of its people especially those from the sprawling city of Karachi.

Published 13 Oct, 2005 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, October 13, 2005.

Published 13 Oct, 2005 12:00am

Donors urged to provide duty-free market access

The textile exporters have suggested to the international donors, especially USA and European union (EU), to provide duty-free market access to the Pakistani products to help rehabilitate the earthquake victims of Azad Kashmir.

Published 13 Oct, 2005 12:00am

Poultry rates

Wholesale poultry rates on Wednesday (October 12, 2005) and Thursday (October 13, 2005)

Published 13 Oct, 2005 12:00am

Sindh sugar mills unlikely to start crushing in time

Notification issued by the Sindh government, under section 8th of the Cotton Control Act specifying the date of crushing season from October 1st and later extended to October 8th, remained unproductive as not a single sugar mills in the province is willin

Published 13 Oct, 2005 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

170 tonnes relief goods dispatched

Garrison Commander Sialkot Major General Ashraf Saleem has said that more than 170 tonnes relief goods had been dispatched to various earthquake-hit areas of the country.

Published 13 Oct, 2005 12:00am

LME official prices

LME official prices on Tuesday.

Published 13 Oct, 2005 12:00am

NWFP government for provision of heavy machinery

The government of NWFP on Wednesday called for provision of heavy machinery for the opening of roads, rescue operation and co-ordination in distribution of the relief goods in the Saturday earthquake districts in the province.

Published 13 Oct, 2005 12:00am

LME official prices

LME official prices on Tuesday.

Published 13 Oct, 2005 12:00am

Resolution of businesswomen's tax-related issues assured

The Central Board of Revenue (CBR) has conveyed to the Rawalpindi Women Chamber of Commerce and Industry (RWCCI) that the tax authorities would take appropriate measures to resolve tax-related matters of women entrepreneurs.

Published 13 Oct, 2005 12:00am

LME plastic prices

LME plastic prices on Tuesday.

Published 13 Oct, 2005 12:00am

Swiss plane with relief goods arrives

Switzerland responding to the urgent need for relief goods following the earthquake by sending an aircraft with 40 tonnes of material to the disaster region.

Published 13 Oct, 2005 12:00am

LME plastic prices

LME plastic prices on Tuesday.

Published 13 Oct, 2005 12:00am

RCB holds survey of dangerous buildings

The Rawalpindi Cantonment Board (RCB) has started survey of old, unsafe and risky buildings within its jurisdiction, in wake of devastative earthquake which jolted country on October 8. The survey will be finished within 15 days.

Published 13 Oct, 2005 12:00am

Key stock market movements at 1700 GMT on October 12

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 13 Oct, 2005 12:00am

After the massive disaster

Although the government responded quite promptly to the colossal calamity that hit Azad Kashmir, NWFP and Islamabad last Saturday morning, much of its initial rescue and relief effort lacked a well-directed disaster management planning.

Published 13 Oct, 2005 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Investor Data Bank - an overdue step

Commendably for it, the government has adopted a proactive approach to increase Foreign Direct Investment (FDI) which, despite its best efforts, remains far below the expected level. At its last accounting in 2004, it stood at a dismal $1 billion plus whe

Published 13 Oct, 2005 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 12, 2005).

Published 13 Oct, 2005 12:00am

Mobile cellular growth prospects in Pakistan

As of September 2005, total mobile subscribers stand at 17.7 million whereas a year ago it was less than 5.5 million, indicating a growth rate of 154% till June 2005. Mobile subscribers per 100 inhabitants of Pakistan is approaching 10.1 (August 05) showi

Published 13 Oct, 2005 12:00am

Ivorian cocoa price won't stop smuggling

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 7	279.10
USD PKR Interbank Buying / Feb 7	278.90
USD to Japanese Yen / Feb 7	151.83
USD to Swiss Franc / Feb 7	0.91
Pound Sterling to USD / Feb 7	1.24
Euro to USD / Feb 7	1.04
UK LIBOR % / Feb 6	4.96

Stock	Volume
S&P 500 / Feb 6	6,083.57
Nasdaq / Feb 6	19,791.99
Dow Jones / Feb 6	44,747.63
India Sensex / Feb 7	77,690.12
Tokyo Nikkei / Feb 7	38,787.02
Hang Seng / Feb 7	21,133.54
FTSE 100 / Feb 7	8,720.64
Germany DAX 30 / Feb 7	21,935.62
France CAC40 / Feb 7	8,010.74

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 6	18,285
Gold 10 Grams PKR / Feb 6	256,087
Petrol/Litre / Feb 7	257.13
Crude Oil USD/Barrel / Feb 7	71.16
Gold Spot USD/Ounce / Feb 7	2,864.56
Diesel/Litre / Feb 7	267.95
Cotton US¢/pound / Feb 7	66.40

Gainers
Losers
Leaders

Stock	Price
Tri-Star Mutual / Feb 7 Tri-Star Mutual Fund Limited(TSMF)	8.49 ▲ 0.99 (13.2%)
Askari Life Assur. / Feb 7 Askari Life Assurance Company Limited(ALAC)	5.86 ▲ 0.66 (12.69%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	149.18 ▲ 12.6 (9.23%)
LSE Ventures / Feb 7 LSE Ventures Limited(LSEVL)	12.54 ▲ 0.97 (8.38%)
Mandviwala / Feb 7 Mandviwala Mauser Plastic Industries(MWMP)	20 ▲ 1.47 (7.93%)
Jahangir Sidd(Pref) / Feb 7 Jahangir Sidd(Pref)(JSCLPSA)	9.55 ▲ 0.69 (7.79%)
Shaheen Ins. / Feb 7 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.48 (7.72%)
Arpak Int. / Feb 7 Arpak International Investments Ltd.(ARPAK)	69.90 ▲ 4.89 (7.52%)
Premier Insurance / Feb 7 Premier Insurance Limited(PINL)	5.89 ▲ 0.4 (7.29%)
Artistic Denim / Feb 7 Artistic Denim Mills Limited(ADMM)	46.89 ▲ 2.85 (6.47%)

Stock	Price
First Capital Equities / Feb 7 First Capital Equities Limited(FCEL)	5.10 ▼ -0.79 (-13.41%)
Dewan Textile / Feb 7 Dewan Textile Mills Limited(DWTM)	6.66 ▼ -0.93 (-12.25%)
Silk Bank Ltd / Feb 7 Silkbank Limited(SILK)	1.07 ▼ -0.12 (-10.08%)
Apna Microfin. / Feb 7 Apna Microfinance Bank Limited(AMBL)	10.77 ▼ -1.2 (-10.03%)
Kohinoor Ind. / Feb 7 Kohinoor Industries Limited(KOIL)	11.48 ▼ -1.28 (-10.03%)
Leather Up Ltd. / Feb 7 Leather Up Limited(LEUL)	35.26 ▼ -3.92 (-10.01%)
Fateh Sports / Feb 7 Fateh Sports Wear Limited(FSWL)	85.50 ▼ -9.5 (-10%)
Intermarket Securities / Feb 7 Intermarket Securities Limited(IMS)	48.63 ▼ -5.4 (-9.99%)
Faisal Sp. / Feb 7 Faisal Spinning Mills Limited(FASM)	326 ▼ -36.11 (-9.97%)
Sana Ind / Feb 7 Sana Industries Limited(SNAI)	24.80 ▼ -2.73 (-9.92%)

Stock	Volume
Silk Bank Ltd / Feb 7 Silkbank Limited(SILK)	119,523,297 ▼ -0.12
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	80,384,932 ▼ -0.01
Bank Makramah / Feb 7 Bank Makramah Limited(BML)	64,937,708 ▼ -0.1
B.O.Punjab / Feb 7 The Bank of Punjab(BOP)	17,199,644 ▼ -0.42
TRG Pak Ltd / Feb 7 TRG Pakistan Limited(TRG)	13,127,512 ▼ -0.55
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	12,104,269 ▼ -0.1
National Bank / Feb 7 National Bank of Pakistan(NBP)	10,980,621 ▼ -0.33
Fauji Foods Ltd / Feb 7 Fauji Foods Limited(FFL)	10,484,043 ▼ -0.49
The Searle Co. / Feb 7 The Searle Company Limited(SEARL)	10,207,814 ▼ -2.87
Citi Pharma Ltd / Feb 7 Citi Pharma Ltd.(CPHL)	9,959,309 ▼ -3.63

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