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Print - 2005-12-10
ISE index shows improvement

ISE index shows improvement

Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. ISE network index showed an improvement of 78.26 points as the rate-based indicator moved from 12,629.32 to 12,707.58 points.
Published 10 Dec, 2005 12:00am
ISE index shows improvement

ISE index shows improvement

Bulls commanded the proceedings at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. ISE network index showed an improvement of 78.26 points as the rate-based indicator moved from 12,629.32 to 12,707.58 points.
Published 10 Dec, 2005 12:00am
Low activity on LSE

Low activity on LSE

Activity on last trading day of the week was low and finally ended with an easy note on local share market, which stayed directionless, mainly because of lacking support from the potential investors.
Published 10 Dec, 2005 12:00am
Low activity on LSE

Low activity on LSE

Activity on last trading day of the week was low and finally ended with an easy note on local share market, which stayed directionless, mainly because of lacking support from the potential investors.
Published 10 Dec, 2005 12:00am
SBP extends LTF-EOP scheme

SBP extends LTF-EOP scheme

The State Bank of Pakistan has decided to extend the scheme of Long Term Financing for the Export Oriented Projects (LTF-EOP) to doubling, twisting, combing, slubbing, lycra and yarn dyeing of spinning sector. The decision has been taken to enhance the sc
Published 10 Dec, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 09, 2005).

Published 10 Dec, 2005 12:00am
SBP extends LTF-EOP scheme

SBP extends LTF-EOP scheme

The State Bank of Pakistan has decided to extend the scheme of Long Term Financing for the Export Oriented Projects (LTF-EOP) to doubling, twisting, combing, slubbing, lycra and yarn dyeing of spinning sector. The decision has been taken to enhance the sc
Published 10 Dec, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 09, 2005).
Published 10 Dec, 2005 12:00am
SBP extends LTF-EOP scheme

SBP extends LTF-EOP scheme

The State Bank of Pakistan has decided to extend the scheme of Long Term Financing for the Export Oriented Projects (LTF-EOP) to doubling, twisting, combing, slubbing, lycra and yarn dyeing of spinning sector. The decision has been taken to enhance the sc
Published 10 Dec, 2005 12:00am
Regular pension system proposed for NTN holders

Regular pension system proposed for NTN holders

A new retirement benefit scheme, called ''Voluntary Pension System (VPS)'', would allow every citizen having a National Tax Number (NTN), whether formally employed in the organised sector or not, to get a regular pension from the time of retirement.
Published 10 Dec, 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 (December 09, 2005).

Published 10 Dec, 2005 12:00am
Regular pension system proposed for NTN holders

Regular pension system proposed for NTN holders

A new retirement benefit scheme, called 'Voluntary Pension System (VPS)', would allow every citizen having a National Tax Number (NTN), whether formally employed in the organised sector or not, to get a regular pension from the time of retirement.
Published 10 Dec, 2005 12:00am
Regular pension system proposed for NTN holders

Regular pension system proposed for NTN holders

A new retirement benefit scheme, called 'Voluntary Pension System (VPS)', would allow every citizen having a National Tax Number (NTN), whether formally employed in the organised sector or not, to get a regular pension from the time of retirement.
Published 10 Dec, 2005 12:00am
Pakistan seeks FTA with US: Kashmala

Pakistan seeks FTA with US: Kashmala

Spokesperson for the visiting Parliamentary delegation on Thursday told the US Chamber of Commerce that Pakistan was interested in an early decision on entering into free trade agreement with the United States, which would benefit Pakistan.
Published 10 Dec, 2005 12:00am
Pact signed with China on early harvest programme

Pact signed with China on early harvest programme

Pakistan and China here on Friday signed an agreement to enforce Early Harvest Programme (EHP) reducing tariff on a number of industrial and agriculture products from January 1, 2006.
Published 10 Dec, 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 (December 09, 2005).

Published 10 Dec, 2005 12:00am
Pact signed with China on early harvest programme

Pact signed with China on early harvest programme

Pakistan and China here on Friday signed an agreement to enforce Early Harvest Programme (EHP) reducing tariff on a number of industrial and agriculture products from January 1, 2006.
Published 10 Dec, 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 (December 09, 2005).

Published 10 Dec, 2005 12:00am
Pact signed with China on early harvest programme

Pact signed with China on early harvest programme

Pakistan and China here on Friday signed an agreement to enforce Early Harvest Programme (EHP) reducing tariff on a number of industrial and agriculture products from January 1, 2006.
Published 10 Dec, 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 (December 09, 2005).

Published 10 Dec, 2005 12:00am
Profit-taking clips gains on KSE

Profit-taking clips gains on KSE

Profit-taking before the close on Friday reduced the overall stock market gains but, according to traders and dealers, the sentiment remained strong and it was being expected that the index would register recovery next week.
Published 10 Dec, 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 10 Dec, 2005 12:00am
Profit-taking clips gains on KSE

Profit-taking clips gains on KSE

Profit-taking before the close on Friday reduced the overall stock market gains but, according to traders and dealers, the sentiment remained strong and it was being expected that the index would register recovery next week.
Published 10 Dec, 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 10 Dec, 2005 12:00am
Profit-taking clips gains on KSE

Profit-taking clips gains on KSE

Profit-taking before the close on Friday reduced the overall stock market gains but, according to traders and dealers, the sentiment remained strong and it was being expected that the index would register recovery next week.
Published 10 Dec, 2005 12:00am
Planning Commission opposes scrutiny by PPIB

Planning Commission opposes scrutiny by PPIB

The Planning Commission has suggested to the government to keep the Private Power Infrastructure Board (PPIB) away from scrutinising feasibility studies of thermal power projects, as it has also grilled investors like Nepra and Wapda, it is learnt.
Published 10 Dec, 2005 12:00am
Planning Commission opposes scrutiny by PPIB

Planning Commission opposes scrutiny by PPIB

The Planning Commission has suggested to the government to keep the Private Power Infrastructure Board (PPIB) away from scrutinising feasibility studies of thermal power projects, as it has also grilled investors like Nepra and Wapda, it is learnt.
Published 10 Dec, 2005 12:00am
Citizen Watch donates 1,000 tents

Citizen Watch donates 1,000 tents

Citizen Excelsior Watch Company has donated 1,000 tents for the homeless families of the earthquake tragedy on Thursday.
Published 10 Dec, 2005 12:00am
Planning Commission opposes scrutiny by PPIB

Planning Commission opposes scrutiny by PPIB

The Planning Commission has suggested to the government to keep the Private Power Infrastructure Board (PPIB) away from scrutinising feasibility studies of thermal power projects, as it has also grilled investors like Nepra and Wapda, it is learnt.
Published 10 Dec, 2005 12:00am
Oxfam urges more cash for quake survivors

Oxfam urges more cash for quake survivors

International aid agency Oxfam on Friday urged the donor governments to release more money for Pakistan's quake survivors, warning that thousands were at risk as winter sets in.
Published 10 Dec, 2005 12:00am
Bush rejects Iraq timetable

Bush rejects Iraq timetable

President George W. Bush on Friday forcefully rejected a timetable for withdrawing US troops from Iraq as his Republican Party assailed Democratic critics with an ad using the white flag of surrender.
Published 10 Dec, 2005 12:00am
RCCI lauds volunteers efforts

RCCI lauds volunteers efforts

President Rawalpindi Chamber of Commerce and Industry (RCCI), Jalil Ahmad Malik has said that the selfless efforts of volunteers remained commendable after October 8th earthquake destruction.
Published 10 Dec, 2005 12:00am
Foreign experts to conduct trauma-training moots

Foreign experts to conduct trauma-training moots

IBM has invited Dr Kevin Becker, the Director of Institute for Trauma & Crisis at Harvard Medical School and Dr Guy Sapirstein, the Supervising Psychologist of Trauma Center in Aliston Massachusetts to conduct a series of Trauma Training Workshops in Isla
Published 10 Dec, 2005 12:00am
BoK distributes Rs 1.26 billion among quake victims

BoK distributes Rs 1.26 billion among quake victims

The government of NWFP has so far distributed Rs 1.26 billion compensation amount among the victims of the October 8 earthquake through the Bank of Khyber (BoK) said a press release issued here on Friday.
Published 10 Dec, 2005 12:00am
'Poor nations would stage 'walkout' at WTO talks'

'Poor nations would stage 'walkout' at WTO talks'

Most poorer nations would walk out of next week's World Trade Organisation talks if they do not accept the offer tabled, a major British development charity said on Saturday, accusing the European Union of promoting "a charter of self-interest".
Published 10 Dec, 2005 12:00am
BRIDGE NOTES: Shrewd defence by Masood Saleem sprang a surprise

BRIDGE NOTES: Shrewd defence by Masood Saleem sprang a surprise

It is said that the competitive bridge started with pairs events some seventy years back. Later the concept of team events gradually developed to be a more popular mode of competitive bridge. Nevertheless the pairs events have come to stay and command nea
Published 10 Dec, 2005 12:00am
Bowling action: Pakistan hit hard by ICC rules

Bowling action: Pakistan hit hard by ICC rules

When a heavyweight is floored, it is difficult for him to stand on his feet without the help of an equally strong heavyweight. So is the case with the touring England team, which landed in Pakistan, claiming that they are here to win the Test series and n
Published 10 Dec, 2005 12:00am
SPORTS WORLD: A well-deserved series success

SPORTS WORLD: A well-deserved series success

England had come to Pakistan as a top-heavy favourite after their stunning success over the powerful Australians in the Ashes Test series but here in this country their euphoria was deflated by the home squad who played as a unit and whose body language w
Published 10 Dec, 2005 12:00am
Quake shaves off 1.5 percent points of growth: SPDC

Quake shaves off 1.5 percent points of growth: SPDC

The October 8 tragedy - the worst ever earthquake in the country''s history - has shaven off 1.5 percentage points from measured economic growth, Social Policy and Development Centre (SPDC) special report said here on Friday.
Published 10 Dec, 2005 12:00am
Quake shaves off 1.5 percent points of growth: SPDC

Quake shaves off 1.5 percent points of growth: SPDC

The October 8 tragedy - the worst ever earthquake in the country's history - has shaven off 1.5 percentage points from measured economic growth, Social Policy and Development Centre (SPDC) special report said here on Friday.
Published 10 Dec, 2005 12:00am
Serving the cause of music

Serving the cause of music

One of the major causes contributing to the decline in the quality and popularity of our traditional music, besides the cultural invasion of our ethos by Western pop varieties, is the dearth of quality literature on melodic arts.
Published 10 Dec, 2005 12:00am
Quake shaves off 1.5 percent points of growth: SPDC

Quake shaves off 1.5 percent points of growth: SPDC

The October 8 tragedy - the worst ever earthquake in the country's history - has shaven off 1.5 percentage points from measured economic growth, Social Policy and Development Centre (SPDC) special report said here on Friday.
Published 10 Dec, 2005 12:00am
LAHORE CULTURAL DIARY: Tribute paid to cartoonist Anwar Ali

LAHORE CULTURAL DIARY: Tribute paid to cartoonist Anwar Ali

Obituary reference for late cartoonist Anwar Ali, four exhibitions of arts and ceramics, launching of book on Lahore and a seminar on book publishing were the highlights of cultural activities in Lahore during the week under review.
Published 10 Dec, 2005 12:00am
The charming actress from Nepal

The charming actress from Nepal

In the glittering world of show business to create a place at the top of the brilliance is not easy but once it has been achieved, it is further difficult to maintain it.
Published 10 Dec, 2005 12:00am
Pakistan's foreign exchange reserves fall to $11.314 billion

Pakistan's foreign exchange reserves fall to $11.314 billion

Pakistan's foreign exchange reserves fell by $101 million to $11.314 billion in the week ending on December 3, 2005. On previous weekend these were $11.415 billion, the State Bank of Pakistan said on Friday.
Published 10 Dec, 2005 12:00am
Scourge of unemployment in Sindh

Scourge of unemployment in Sindh

How many people in Sindh are jobless and what are the job opportunities in the province is one question that too often comes up in political discussions and invariably in drawing rooms after-dinner idle talks. It disappears in the heavy smoke of Havana ci
Published 10 Dec, 2005 12:00am
Pakistan's foreign exchange reserves fall to $11.314 billion

Pakistan's foreign exchange reserves fall to $11.314 billion

Pakistan's foreign exchange reserves fell by $101 million to $11.314 billion in the week ending on December 3, 2005. On previous weekend these were $11.415 billion, the State Bank of Pakistan said on Friday.
Published 10 Dec, 2005 12:00am
Charity begins at home

Charity begins at home

Social problems and lawlessness are rapidly increasing in the society due to lack of proper training and guidance in the early age of the children at home. The young people have no basic knowledge about religious and social responsibilities.
Published 10 Dec, 2005 12:00am
Provinces told to check cane buying through middleman

Provinces told to check cane buying through middleman

The government has directed the provinces to invoke Sugarcane Act 1950 for punitive action against mills involved in sugarcane buying at weighbridges through middleman, outside mills'' gate.
Published 10 Dec, 2005 12:00am
CAPITAL CULTURAL SCENE: 'Treasures of the Gulf'

CAPITAL CULTURAL SCENE: 'Treasures of the Gulf'

Life is going at a break neck speed. There never seems to be enough time for everything. It is incredulous that year end has come so quickly. So holiday season is already in the air. The markets are flooded with Christmas gifts, cards and items for decora
Published 10 Dec, 2005 12:00am
Provinces told to check cane buying through middleman

Provinces told to check cane buying through middleman

The government has directed the provinces to invoke Sugarcane Act 1950 for punitive action against mills involved in sugarcane buying at weighbridges through middleman, outside mills' gate.
Published 10 Dec, 2005 12:00am
The dark world of adolescence

The dark world of adolescence

Welcome to the dark, drunken world of adolescence, my high school walls yell at me. It's teenage angst syndrome, when every unfortunate incident is amplified and every moment is part of a bigger picture.
Published 10 Dec, 2005 12:00am
Provinces told to check cane buying through middleman

Provinces told to check cane buying through middleman

The government has directed the provinces to invoke Sugarcane Act 1950 for punitive action against mills involved in sugarcane buying at weighbridges through middleman, outside mills' gate.
Published 10 Dec, 2005 12:00am
Major problems faced by pediatric cancer patients

Major problems faced by pediatric cancer patients

One of the major problems faced by the children cancer patients is lack of specialised units and expert doctors in oncology. Majority of children is either not diagnosed or does not reach treatment centres at all or in time. Therefore, there is need to sp
Published 10 Dec, 2005 12:00am
LITERARY NOTES: Letters of historical significance

LITERARY NOTES: Letters of historical significance

Very few collections of letters have inspired me for the simple reason that most writers, perhaps, do not communicate with their correspondents but with something else in mind. Maybe it is the social scientists or the historians as the main target.
Published 10 Dec, 2005 12:00am
CURRENT TOPICS: Baghdad is being butchered

CURRENT TOPICS: Baghdad is being butchered

Baghdad a beautiful city of historic lore is presently in ruins. Saddam modernised it with broad avenues, stately buildings and statues a plenty (mostly his own). The American invasion reduced it to rubble and now his loyalists have the streets flowing in
Published 10 Dec, 2005 12:00am
Gender and Development - some suggestions

Gender and Development - some suggestions

The concept of "Gender and Development" (GAD) first started with the Fourth World Conference on Women (Beijing, 1995), which proposed gender mainstreaming as a key strategy to reduce inequalities between women and men.
Published 10 Dec, 2005 12:00am
Childhood cancer is curable

Childhood cancer is curable

The word cancer still appears horrible for many in our country, as most of the people have no knowledge about the disease. And when cancer is diagnosed in a child it means death to many parents.
Published 10 Dec, 2005 12:00am
Ijtihad: to be or not to be?

Ijtihad: to be or not to be?

The international geo-political scene has changed radically since the cataclysm of 9/11. In the heyday of the Cold War, when the Soviet Union was the adversary for the West, the Islamic concept of Ijtihad had an entirely different connotation and percepti
Published 10 Dec, 2005 12:00am
Japan buys 40,000 tonnes rice at tender

Japan buys 40,000 tonnes rice at tender

Japan's Agriculture Ministry bought 40,000 tonnes of rice from the United States, Thailand and Vietnam at an ordinary import tender on Friday, a ministry official said. The average buying price was 58,880 yen ($488.90) per tonne, he said.
Published 10 Dec, 2005 12:00am
HRW wheat basis steady, winterkill talk heard

HRW wheat basis steady, winterkill talk heard

Spot basis values for hard red winter wheat were steady Friday, with movement quiet through the Plains states in the aftermath of a winter snowstorm that left in its wake some fears of winterkill damage, merchants said.
Published 10 Dec, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,269 tonnes of cargo including 69,574 tonnes import and 26,695 tonnes export cargo including 4,673 containers during last 24 hours ending at 0700 hours on Friday.
Published 10 Dec, 2005 12:00am
Russian weekly grain market report

Russian weekly grain market report

Most Russian grain prices rose last week due to exporter demand and purchases by millers and distillers ahead of the New Year holidays, traders said.
Published 10 Dec, 2005 12:00am
Chinese alumina output seen jumping

Chinese alumina output seen jumping

China's alumina production is likely to jump nearly 30 percent to 11 million tonnes in 2006 due to expanded capacity, an industry analyst said on Friday.
Published 10 Dec, 2005 12:00am
FOB Gulf corn steady, soya higher

FOB Gulf corn steady, soya higher

US FOB Gulf corn basis offers were steady on Thursday, while soyabeans were higher amid fresh export demand and slow farmer selling, traders said.
Published 10 Dec, 2005 12:00am
US Midwest corn bids firm, soyabean steady

US Midwest corn bids firm, soyabean steady

Corn basis bids firmed in the US Midwest Friday on rising demand from the rail market, while soyabean bids were steady, dealers said. Bids for both corn and soyabeans continued to fall along rivers in response to rising costs of shipping grain on icy wate
Published 10 Dec, 2005 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade closed lower on Thursday after trading both sides of unchanged, with prices dipping to contract lows in response to fund long liquidation in the Kansas City market, traders said.
Published 10 Dec, 2005 12:00am
Oil cake market rates

Oil cake market rates

Falling trend continued on the forward cottonseed oilcake market on Friday as buyers did not take interest in fresh deals, dealers said. The December vaida commenced with 20 paisa gain at Rs 438.20.
Published 10 Dec, 2005 12:00am
News of TCP's entry stabilises cotton prices

News of TCP's entry stabilises cotton prices

The news of the expected entry of the Trading Corporation of Pakistan (TCP) stabilised prices in the cotton market on Friday as the mills increased buying to meet the future demand, specially for the export purpose, dealers said.
Published 10 Dec, 2005 12:00am
South African maize near 18-month peak

South African maize near 18-month peak

South African white maize futures hovered near a 18-month peak on Friday and traders said a recent rally could extend well into next year amid uncertainty about how much farmers would plant in the coming season.
Published 10 Dec, 2005 12:00am
Kirana items mixed

Kirana items mixed

The trading on Kirana items closed mixed on Friday on Jodia Bazar. The following variations were seen in the Singapore pepper up Rs 200 to Rs 4,200, mace up Rs 1,000 to Rs 22,000, big cardomom up Rs 100 to Rs 8,000, dry ginger up Rs 100 to Rs 8,000.
Published 10 Dec, 2005 12:00am
Prices almost stay put on grain market

Prices almost stay put on grain market

Small business was witnessed on the grain market on Friday as most of the commodities maintained their overnight levels on strong supply position, dealers said.
Published 10 Dec, 2005 12:00am
MGE wheat ends mixed, commercials underpin prices

MGE wheat ends mixed, commercials underpin prices

Spring wheat futures on the Minneapolis Grain Exchange closed mixed on Thursday as light commercial buying helped offset slipover pressure from declines in the Chicago and Kansas City markets, traders said.
Published 10 Dec, 2005 12:00am
US cotton weekly export sales highlights

US cotton weekly export sales highlights

USDA cotton export sales highlights for latest reporting week. Net Upland sales of 449,400 RB were 38 percent above the previous week and 60 percent over the prior 4-week average.
Published 10 Dec, 2005 12:00am
New York copper closes mixed

New York copper closes mixed

US copper futures finished lightly mixed on Thursday after tossing back and forth around unchanged levels, and traders said most players watched from the sidelines with only a few locals trading by the end.
Published 10 Dec, 2005 12:00am
Comex gold closes at new quarter-century peak

Comex gold closes at new quarter-century peak

US gold futures settled at a 24-1/2 year high on Thursday, gaining after wave of profit taking evaporated and speculators rekindled an ongoing rally by adding to their massive long position, dealers said.
Published 10 Dec, 2005 12:00am
Tokyo gold tops 2,100 yen

Tokyo gold tops 2,100 yen

The benchmark gold contract on the Tokyo Commodity Exchange topped 2,100 yen per gram on Friday, setting a new 15-year peak on aggressive buying by funds and retail investors amid concerns about inflation and geopolitics.
Published 10 Dec, 2005 12:00am
Gold keeps its shine, tops $520 an ounce

Gold keeps its shine, tops $520 an ounce

Gold prices topped $520 an ounce for the first time since April 1981 on Friday, pushed up by fund buying and interest in Tokyo futures before some investors opted to take profits, paring some of the gains.
Published 10 Dec, 2005 12:00am
Oil breaks above $61 as it extends cold-snap gains

Oil breaks above $61 as it extends cold-snap gains

Oil broke through $61 on Friday to trade at its highest level since November as arctic conditions blanketed the eastern United States, where users have begun to draw on stockpiles of gas and heating oil.
Published 10 Dec, 2005 12:00am