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Print - 2005-10-18
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 17, 2005).

Published 18 Oct, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 17, 2005).

Published 18 Oct, 2005 12:00am
BAT running 'secret' factory in North Korea

BAT running 'secret' factory in North Korea

British American Tobacco (BAT), the world's second largest cigarette company, has secretly been operating a factory in North Korea for the past four years, a newspaper here reported Monday.
Published 18 Oct, 2005 12:00am
KSE earmarks new challenges for 2006

KSE earmarks new challenges for 2006

The Karachi Stock Exchange (KSE) has earmarked several challenges for the new year, including demutualization, new derivatives, introduction of free-float index and increasing the investor base and improvement in corporate governance.
Published 18 Oct, 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 (October 17, 2005).
Published 18 Oct, 2005 12:00am
KSE earmarks new challenges for 2006

KSE earmarks new challenges for 2006

The Karachi Stock Exchange (KSE) has earmarked several challenges for the new year, including demutualization, new derivatives, introduction of free-float index and increasing the investor base and improvement in corporate governance.
Published 18 Oct, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (October 17, 2005).

Published 18 Oct, 2005 12:00am
KSE earmarks new challenges for 2006

KSE earmarks new challenges for 2006

The Karachi Stock Exchange (KSE) has earmarked several challenges for the new year, including demutualization, new derivatives, introduction of free-float index and increasing the investor base and improvement in corporate governance.
Published 18 Oct, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 5pps and its value increased by 0.03% to close at 98.9934. The yields to maturities were stable among the long tenors, while the short and medium tenors both saw a 1 basis point decline. This decline in yields, coupled
Published 18 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 retail investors and profit seekers injected fresh investment in blue chips amid increase in index.
Published 18 Oct, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 5pps and its value increased by 0.03% to close at 98.9934. The yields to maturities were stable among the long tenors, while the short and medium tenors both saw a 1 basis point decline. This decline in yields, coupled
Published 18 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 retail investors and profit seekers injected fresh investment in blue chips amid increase in index.
Published 18 Oct, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by 5pps and its value increased by 0.03% to close at 98.9934. The yields to maturities were stable among the long tenors, while the short and medium tenors both saw a 1 basis point decline. This decline in yields, coupled
Published 18 Oct, 2005 12:00am
LSE equities mixed

LSE equities mixed

Equities moved in a zigzag way on alternate buying and selling bouts on Lahore Stock Exchange (LSE) on first day of the week, with all the key shares remaining subdued while the index touching 4400 level.
Published 18 Oct, 2005 12:00am
LSE equities mixed

LSE equities mixed

Equities moved in a zigzag way on alternate buying and selling bouts on Lahore Stock Exchange (LSE) on first day of the week, with all the key shares remaining subdued while the index touching 4400 level.
Published 18 Oct, 2005 12:00am
KSE index gains 37 points

KSE index gains 37 points

Upsurge in banking stocks on the first day of new week helped the index to maintain the winning streak following the central bank''s decision to enhance lenders'' investment limit in equity market. The market opened on an extremely upbeat note on the back
Published 18 Oct, 2005 12:00am
KSE index gains 37 points

KSE index gains 37 points

Upsurge in banking stocks on the first day of new week helped the index to maintain the winning streak following the central bank's decision to enhance lenders' investment limit in equity market. The market opened on an extremely upbeat note on the back o
Published 18 Oct, 2005 12:00am
KSE index gains 37 points

KSE index gains 37 points

Upsurge in banking stocks on the first day of new week helped the index to maintain the winning streak following the central bank's decision to enhance lenders' investment limit in equity market. The market opened on an extremely upbeat note on the back o
Published 18 Oct, 2005 12:00am
Over 1 million out of work after quake: ILO

Over 1 million out of work after quake: ILO

More than a million people may have lost their jobs in Pakistan as a result of the devastating earthquake there, the International Labour Organisation said on Monday. The October 8 disaster compounded the grinding poverty that was already the daily lot of
Published 18 Oct, 2005 12:00am
Over 1 million out of work after quake: ILO

Over 1 million out of work after quake: ILO

More than a million people may have lost their jobs in Pakistan as a result of the devastating earthquake there, the International Labour Organisation said on Monday. The October 8 disaster compounded the grinding poverty that was already the daily lot of
Published 18 Oct, 2005 12:00am
Over $1 billion remittances received in July-September

Over $1 billion remittances received in July-September

Remittances worth $1.00265 billion were received during the first quarter of the current fiscal year (July-September, 2005) as against $983.15 million received in the corresponding period of last year registering an increase of $19.50 million, or 1.98 per
Published 18 Oct, 2005 12:00am
Over $1 billion remittances received in July-September

Over $1 billion remittances received in July-September

Remittances worth $1.00265 billion were received during the first quarter of the current fiscal year (July-September, 2005) as against $983.15 million received in the corresponding period of last year registering an increase of $19.50 million, or 1.98 per
Published 18 Oct, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 17, 2005).

Published 18 Oct, 2005 12:00am
Over $1 billion remittances received in July-September

Over $1 billion remittances received in July-September

Remittances worth $1.00265 billion were received during the first quarter of the current fiscal year (July-September, 2005) as against $983.15 million received in the corresponding period of last year registering an increase of $19.50 million, or 1.98 per
Published 18 Oct, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 17, 2005).
Published 18 Oct, 2005 12:00am
Egyptian ship collides

Egyptian ship collides

An Egyptian passenger ship bringing some 1,500 Muslim pilgrims back from Saudi Arabia was involved in a collision with a commercial vessel in the Gulf of Suez on Monday and about 20 people were injured, security sources said.
Published 18 Oct, 2005 12:00am
Egyptian ship collides

Egyptian ship collides

An Egyptian passenger ship bringing some 1,500 Muslim pilgrims back from Saudi Arabia was involved in a collision with a commercial vessel in the Gulf of Suez on Monday and about 20 people were injured, security sources said.
Published 18 Oct, 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 Monday (October 17, 2005).

Published 18 Oct, 2005 12:00am
India rejects Pakistan request for helicopters without pilots

India rejects Pakistan request for helicopters without pilots

India rejected Pakistan's request for helicopters on Monday, saying the condition of choppers without pilots cannot be met. A private TV channel quoted India's foreign secretary Shyam Saran as saying: "It is not possible for India to provide 'helicopters
Published 18 Oct, 2005 12:00am
India rejects Pakistan request for helicopters without pilots

India rejects Pakistan request for helicopters without pilots

India rejected Pakistan's request for helicopters on Monday, saying the condition of choppers without pilots cannot be met. A private TV channel quoted India's foreign secretary Shyam Saran as saying: "It is not possible for India to provide 'helicopters
Published 18 Oct, 2005 12:00am
Pakistan Steel cuts prices for reconstruction

Pakistan Steel cuts prices for reconstruction

Pakistan Steel Mills has further slashed the prices of its products with immediate effect to facilitate reconstruction in the earthquake-hit areas and discourage dumping of sub-standard imported steel products in the country.
Published 18 Oct, 2005 12:00am
Pakistan Steel cuts prices for reconstruction

Pakistan Steel cuts prices for reconstruction

Pakistan Steel Mills has further slashed the prices of its products with immediate effect to facilitate reconstruction in the earthquake-hit areas and discourage dumping of sub-standard imported steel products in the country.
Published 18 Oct, 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 Monday (October 17, 2005).

Published 18 Oct, 2005 12:00am
Pakistan Steel cuts prices for reconstruction

Pakistan Steel cuts prices for reconstruction

Pakistan Steel Mills has further slashed the prices of its products with immediate effect to facilitate reconstruction in the earthquake-hit areas and discourage dumping of sub-standard imported steel products in the country.
Published 18 Oct, 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 Monday (October 17, 2005).

Published 18 Oct, 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 Monday (October 17, 2005).

Published 18 Oct, 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 18 Oct, 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 18 Oct, 2005 12:00am
Commerce told to start PTA talks with Mercosur

Commerce told to start PTA talks with Mercosur

The Cabinet has allowed Commerce Ministry to initiate negotiations for Preferential Trade Agreement (PTA) with Mercosur, a common market of the Southern Cone of the Americas, which has declined such requests from other countries, official sources told
Published 18 Oct, 2005 12:00am
Commerce told to start PTA talks with Mercosur

Commerce told to start PTA talks with Mercosur

The Cabinet has allowed Commerce Ministry to initiate negotiations for Preferential Trade Agreement (PTA) with Mercosur, a common market of the Southern Cone of the Americas, which has declined such requests from other countries, official sources told
Published 18 Oct, 2005 12:00am
Commerce told to start PTA talks with Mercosur

Commerce told to start PTA talks with Mercosur

The Cabinet has allowed Commerce Ministry to initiate negotiations for Preferential Trade Agreement (PTA) with Mercosur, a common market of the Southern Cone of the Americas, which has declined such requests from other countries, official sources told
Published 18 Oct, 2005 12:00am
US heavy machinery arrives

US heavy machinery arrives

The first shipment from United States carrying heavy machinery and relieve goods arrived at Karachi Port on Monday. Two ships arrived here and discharged the cargo announced by the US Government to help Pakistan in relief and rescue work in earthquake-hit
Published 18 Oct, 2005 12:00am
US air strikes kill 70 Iraqis

US air strikes kill 70 Iraqis

US warplanes and attack helicopters killed about 70 militants around the western Iraqi city of Ramadi, the military said on Monday, after a landmark referendum that appeared to have ratified a new constitution.
Published 18 Oct, 2005 12:00am
US heavy machinery arrives

US heavy machinery arrives

The first shipment from United States carrying heavy machinery and relieve goods arrived at Karachi Port on Monday. Two ships arrived here and discharged the cargo announced by the US Government to help Pakistan in relief and rescue work in earthquake-hit
Published 18 Oct, 2005 12:00am
US air strikes kill 70 Iraqis

US air strikes kill 70 Iraqis

US warplanes and attack helicopters killed about 70 militants around the western Iraqi city of Ramadi, the military said on Monday, after a landmark referendum that appeared to have ratified a new constitution.
Published 18 Oct, 2005 12:00am
Generous donations commendable: Basharat

Generous donations commendable: Basharat

Punjab Law and Local Government Minister Muhammad Basharat Raja has said that generous donations by government, semi government and autonomous institutions of the province for the relief of earthquake victims was commendable and every segment of society i
Published 18 Oct, 2005 12:00am
PIA seeks CBR clarification: tax from terminated employees

PIA seeks CBR clarification: tax from terminated employees

Pakistan International Airlines (PIA) has approached the Central Board of Revenue (CBR) for obtaining clarification for deduction of income tax from its employees, availing golden handshake or facing termination from services, on the basis of last three y
Published 18 Oct, 2005 12:00am
Four killed in road accidents

Four killed in road accidents

Four persons were killed in three different road accidents in Faisalabad on Monday. A speedy passenger bus on Jamiabad Link road crushed two labourers Mohammad Boota and Allah Wassiya, who were waiting for another bus. Bus driver fled after the accident,
Published 18 Oct, 2005 12:00am
PIA seeks CBR clarification: tax from terminated employees

PIA seeks CBR clarification: tax from terminated employees

Pakistan International Airlines (PIA) has approached the Central Board of Revenue (CBR) for obtaining clarification for deduction of income tax from its employees, availing golden handshake or facing termination from services, on the basis of last three y
Published 18 Oct, 2005 12:00am
PIA seeks CBR clarification: tax from terminated employees

PIA seeks CBR clarification: tax from terminated employees

Pakistan International Airlines (PIA) has approached the Central Board of Revenue (CBR) for obtaining clarification for deduction of income tax from its employees, availing golden handshake or facing termination from services, on the basis of last three y
Published 18 Oct, 2005 12:00am
Karachi not located in quake belt: SSUET study

Karachi not located in quake belt: SSUET study

The last 100 years (1905-2004) investigative study of siesmic data, carried out at Sir Syed University of Engineering and Technology (SSUET), has established that Karachi is not located in an earthquake belt. The details of this study were released by SSU
Published 18 Oct, 2005 12:00am
PIA seeks CBR clarification: tax from terminated employees

PIA seeks CBR clarification: tax from terminated employees

Pakistan International Airlines (PIA) has approached the Central Board of Revenue (CBR) for obtaining clarification for deduction of income tax from its employees, availing golden handshake or facing termination from services, on the basis of last three y
Published 18 Oct, 2005 12:00am
PBC forms relief fund

PBC forms relief fund

With an initial amount of Rs 500,000, Pakistan Bar Council (PBC) has constituted a relief fund and asked all the bar members to generously donate in the fund.
Published 18 Oct, 2005 12:00am
Yasin Malik in Islamabad

Yasin Malik in Islamabad

Jammu and Kashmir Liberation Front (JKLF) chairman Yasin Malik reached here on Monday evening along with relief goods to express solidarity with quake-affected people.
Published 18 Oct, 2005 12:00am
Nadra assigned task of compiling quake victims data

Nadra assigned task of compiling quake victims data

The government has assigned to National Database and Registration Authority (Nadra) the task of compiling data about those killed, injured and orphaned in the earthquake.
Published 18 Oct, 2005 12:00am
Yasin Malik in Islamabad

Yasin Malik in Islamabad

Jammu and Kashmir Liberation Front (JKLF) chairman Yasin Malik reached here on Monday evening along with relief goods to express solidarity with quake-affected people.
Published 18 Oct, 2005 12:00am
Donor agencies urged to write off loans

Donor agencies urged to write off loans

Citizen Relief Committee, a newly constituted body, has demanded of the international donor agencies to write off its loans for Pakistan, and also provide funds for rehabilitation of quake victims.
Published 18 Oct, 2005 12:00am
Prime Minister announces 12-point strategy for rehabilitation

Prime Minister announces 12-point strategy for rehabilitation

Prime Minister Shaukat Aziz expressing his deepest condolences to the bereaved families who lost their loved ones in the devastating earthquake said the government would ensure early rehabilitation of the victims and announced 12- point strategy plan for
Published 18 Oct, 2005 12:00am
Red Crescent offers help to donors

Red Crescent offers help to donors

The Pakistan Red Crescent Society (PRCS), Sindh Branch, has offered facilities to the donors and relief collectors to dispatch their collection from warehouses established at Saddar and Landhi No 3 here.
Published 18 Oct, 2005 12:00am
Prime Minister announces 12-point strategy for rehabilitation

Prime Minister announces 12-point strategy for rehabilitation

Prime Minister Shaukat Aziz expressing his deepest condolences to the bereaved families who lost their loved ones in the devastating earthquake said the government would ensure early rehabilitation of the victims and announced 12- point strategy plan for
Published 18 Oct, 2005 12:00am
Call for blood donations for quake victims

Call for blood donations for quake victims

As humanitarian assistance pouring in from all across the world as well as nation wide to help Pakistan recover from the most devastating earthquake of the century, there exists a critical need for blood donations as search teams are continuing to rescue
Published 18 Oct, 2005 12:00am
Warid starts PCO service in Mansehra

Warid starts PCO service in Mansehra

Warid Telecom in collaboration with Wateen STM has started a PCO mobile GSM service, which is connected with (VSAT) and cellular on wheels (COW) and is operational in Mansehra.
Published 18 Oct, 2005 12:00am
Pakistan seeks trauma teams to treat injured

Pakistan seeks trauma teams to treat injured

Pakistan on Monday put out a fresh appeal for more tents and blankets while seeking fully equipped medical trauma teams to treat over 65,000 badly injured people still arriving from quake-affected areas.
Published 18 Oct, 2005 12:00am
President briefs IMF chief on relief work, economic

President briefs IMF chief on relief work, economic

President General Pervez Musharraf on Monday said that the government stood resolute in the difficult hour to help alleviate the sufferings of the people affected by October 8 earthquake.
Published 18 Oct, 2005 12:00am
LGH starts plan for victims rehabilitation

LGH starts plan for victims rehabilitation

The administration of Lahore General Hospital (LGH) has also started a programme for rehabilitation of earthquake victims, apart from providing them medical facilities.
Published 18 Oct, 2005 12:00am
President briefs IMF chief on relief work, economic

President briefs IMF chief on relief work, economic

President General Pervez Musharraf on Monday said that the government stood resolute in the difficult hour to help alleviate the sufferings of the people affected by October 8 earthquake.
Published 18 Oct, 2005 12:00am
President briefs IMF chief on relief work, economic

President briefs IMF chief on relief work, economic

President General Pervez Musharraf on Monday said that the government stood resolute in the difficult hour to help alleviate the sufferings of the people affected by October 8 earthquake.
Published 18 Oct, 2005 12:00am
CDA gets 200 tents for tentage village

CDA gets 200 tents for tentage village

Initially 200 tents have been provided to the Capital Development Authority (CDA) for establishing tentage village in H-11, here for providing shelter to the displaced quake victims.
Published 18 Oct, 2005 12:00am
IMF ready to extend all help for rebuilding

IMF ready to extend all help for rebuilding

International Monetary Fund (IMF) Managing Director Rodrigo de Rato on Monday announced that the Fund and other international donor agencies were ready to extend Pakistan as much funds as it needs for rehabilitation of quake victims and reconstruction of
Published 18 Oct, 2005 12:00am
Solar power to be provided in tentage, relief camps

Solar power to be provided in tentage, relief camps

The Renewable Energy Development Board will provide solar electricity to all tentage, relief camps and field hospitals set up by armed forces in far-flung areas for earthquake victims where electricity is not available.
Published 18 Oct, 2005 12:00am
IMF ready to extend all help for rebuilding

IMF ready to extend all help for rebuilding

International Monetary Fund (IMF) Managing Director Rodrigo de Rato on Monday announced that the Fund and other international donor agencies were ready to extend Pakistan as much funds as it needs for rehabilitation of quake victims and reconstruction of
Published 18 Oct, 2005 12:00am
Quake-hit road network to be opened soon

Quake-hit road network to be opened soon

The National Highway Authority (NHA) Executive Board on Monday vowed to expedite the process of opening up road communication network in devastated Jhelum and Neelum Valleys. It has been decided to mobilise the consultants in a day or two for initial surv
Published 18 Oct, 2005 12:00am
IMF ready to extend all help for rebuilding

IMF ready to extend all help for rebuilding

International Monetary Fund (IMF) Managing Director Rodrigo de Rato on Monday announced that the Fund and other international donor agencies were ready to extend Pakistan as much funds as it needs for rehabilitation of quake victims and reconstruction of
Published 18 Oct, 2005 12:00am
CAA donates Rs 23 million

CAA donates Rs 23 million

The Civil Aviation Authority (CAA) has donated Rs 23 million to the President's Relief Fund for earthquake victims. That includes two days salary of all officers and one day salary of all staff members of the CAA. In addition, the CAA has exempted all int
Published 18 Oct, 2005 12:00am
Two children rescued

Two children rescued

A little girl was rescued on Monday after living for nine days under a cupboard in her home that was destroyed in the devastating earthquake, the military said.
Published 18 Oct, 2005 12:00am
CAA handles 91 relief flights

CAA handles 91 relief flights

The Civil Aviation Authority (CAA) handled 91 flights, out of 235 flights, which arrived at Islamabad airport bringing in humanitarian aid from donor countries/agencies. Only five flights were diverted to different airports due to bad weather, which were
Published 18 Oct, 2005 12:00am
Two children rescued

Two children rescued

A little girl was rescued on Monday after living for nine days under a cupboard in her home that was destroyed in the devastating earthquake, the military said.
Published 18 Oct, 2005 12:00am
ICI group presents Rs 20 million relief aid to Hafeez

ICI group presents Rs 20 million relief aid to Hafeez

Minister for Privatisation & Investment Dr Abdul Hafeez Shaikh, who is also chairman of Cabinet committee for fund raising from business groups for earthquake relief victims, received from two companies of ICI namely ICI Pakistan and Pakistan PTA Limited
Published 18 Oct, 2005 12:00am
Carpet exports may face sharp decline

Carpet exports may face sharp decline

The country''s carpet exports may face a decline in the current financial year due to the natural calamities in the United States and the skyrocketing oil prices in the international market which have slowed down economic activities in European countries.
Published 18 Oct, 2005 12:00am