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Print - 2005-12-17
Shares buy-back schedule

Shares buy-back schedule

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

Published 17 Dec, 2005 12:00am
WWF-P opposes idea of US consulate

WWF-P opposes idea of US consulate

World Wide Funds for Nature-Pakistan (WWF-P) opposes the idea that the US Consulate in Islamabad has offered the ministry of environment of a permanent facility to an orphan snow leopard cub that was rescued by the WWF-P in July 2005 in a US Zoo.
Published 17 Dec, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Dec, 2005 12:00am
Growers for representation on sugarcane control boards

Growers for representation on sugarcane control boards

Pakistan Kisan Movement President, Chaudhry Muhammad Ashfaque has said the sugarcane control boards at district level were missing true representation of sugarcane farmers, which is against the spirit of the law.
Published 17 Dec, 2005 12:00am
Punjab University asked to forge technical collaboration with industries

Punjab University asked to forge technical collaboration with industries

Chancellor Punjab University/Governor Punjab Lieutenant General Khalid Maqbool (Retd), has asked Punjab University (PU) administration to forge technical collaboration with industries, as this relation would improve the quality of the education and make i
Published 17 Dec, 2005 12:00am
Decline in textile exports discussed

Decline in textile exports discussed

Textiles Minister Mushtaq Ali Cheema met on Friday a high-powered delegation of the value-added textile industry to discuss the issues concerning decline in exports in some sectors, particularly knitted garments.
Published 17 Dec, 2005 12:00am
Nokia team due on December 20

Nokia team due on December 20

A two-member delegation led by Vice President, Middle East and Africa Networks of Nokia, Adel Hattab and Senior Vice President and General Manager Services of Networks, Bosco Novak will arrive here on December 20.
Published 17 Dec, 2005 12:00am
Hearing put off

Hearing put off

The Lahore High Court (LHC) on Friday put off proceedings in an election petition seeking disqualification of MPA Wallayat Shah Khagga, till January 24.
Published 17 Dec, 2005 12:00am
Amritsar University team visits PU

Amritsar University team visits PU

An Indian delegation of Guru Nanak Dev University Amritsar, led by its vice-chancellor, visited Punjab University (PU) and held a meeting with PU Vice Chancellor Arshad Mahmood.
Published 17 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

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

Published 17 Dec, 2005 12:00am
Industrial estate to have police patrolling post

Industrial estate to have police patrolling post

A police patrolling post will soon be set up in Township Industrial Estate in order to eradicate crimes from the area and provide a congenial atmosphere in which industrialists could continue their activities with full concentration.
Published 17 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

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

Published 17 Dec, 2005 12:00am
NAB restores possession of PMHS land

NAB restores possession of PMHS land

National Accountability Bureau (NAB) has restored the possession of land of Pakistan Medical Housing Society, Lahore, and ballot to allot the plots to the victims will be held on 18th of this month.
Published 17 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

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

Published 17 Dec, 2005 12:00am
Date for sales tax return e-filing not extended

Date for sales tax return e-filing not extended

As the Central Board of Revenue (CBR) has not extended the date for filing of sales tax/federal excise returns electronically, the non-filers of sales tax returns would be liable to pay ''additional tax'' after due date ie December 15, 2005 as per rules.
Published 17 Dec, 2005 12:00am
Date for sales tax return e-filing not extended

Date for sales tax return e-filing not extended

As the Central Board of Revenue (CBR) has not extended the date for filing of sales tax/federal excise returns electronically, the non-filers of sales tax returns would be liable to pay 'additional tax' after due date ie December 15, 2005 as per rules.
Published 17 Dec, 2005 12:00am
Date for sales tax return e-filing not extended

Date for sales tax return e-filing not extended

As the Central Board of Revenue (CBR) has not extended the date for filing of sales tax/federal excise returns electronically, the non-filers of sales tax returns would be liable to pay 'additional tax' after due date ie December 15, 2005 as per rules.
Published 17 Dec, 2005 12:00am
SPI shows decrease

SPI shows decrease

The Sensitive Price Indicator (SPI) for the week ended on December 15 has registered decrease in the average prices of 12 essential items. While the average prices of 11 items registered increase and 30 items prices remained unchanged, according to a data
Published 17 Dec, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Friday (December 16, 2005).

Published 17 Dec, 2005 12:00am
SPI shows decrease

SPI shows decrease

The Sensitive Price Indicator (SPI) for the week ended on December 15 has registered decrease in the average prices of 12 essential items. While the average prices of 11 items registered increase and 30 items prices remained unchanged, according to a data
Published 17 Dec, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

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

Published 17 Dec, 2005 12:00am
SPI shows decrease

SPI shows decrease

The Sensitive Price Indicator (SPI) for the week ended on December 15 has registered decrease in the average prices of 12 essential items. While the average prices of 11 items registered increase and 30 items prices remained unchanged, according to a data
Published 17 Dec, 2005 12:00am
Meeting to decide cane pricing issue today

Meeting to decide cane pricing issue today

The government has convened a meeting of sugar sector stakeholders here on Saturday to decide sugarcane pricing controversy, sources said.
Published 17 Dec, 2005 12:00am
Meeting to decide cane pricing issue today

Meeting to decide cane pricing issue today

The government has convened a meeting of sugar sector stakeholders here on Saturday to decide sugarcane pricing controversy, sources said.
Published 17 Dec, 2005 12:00am
Meeting to decide cane pricing issue today

Meeting to decide cane pricing issue today

The government has convened a meeting of sugar sector stakeholders here on Saturday to decide sugarcane pricing controversy, sources said.
Published 17 Dec, 2005 12:00am
''OMCs financially burdened by strategic oil reserves''

''OMCs financially burdened by strategic oil reserves''

The strategic oil reserves are financially burdening the oil marketing companies (OMCs) in the country and the government should focus on building its own oil reserves. Oil Companies Advisory Committee (OCAC) Chairman Farooq Rematullah told newsmen at a p
Published 17 Dec, 2005 12:00am
'OMCs financially burdened by strategic oil reserves'

'OMCs financially burdened by strategic oil reserves'

The strategic oil reserves are financially burdening the oil marketing companies (OMCs) in the country and the government should focus on building its own oil reserves. Oil Companies Advisory Committee (OCAC) Chairman Farooq Rematullah told newsmen at a p
Published 17 Dec, 2005 12:00am
'OMCs financially burdened by strategic oil reserves'

'OMCs financially burdened by strategic oil reserves'

The strategic oil reserves are financially burdening the oil marketing companies (OMCs) in the country and the government should focus on building its own oil reserves. Oil Companies Advisory Committee (OCAC) Chairman Farooq Rematullah told newsmen at a p
Published 17 Dec, 2005 12:00am
Netherlander jailed for shipping nuclear equipment to Pakistan

Netherlander jailed for shipping nuclear equipment to Pakistan

A court on Friday sentenced a Dutch businessman and friend of nuclear scientist Dr Abdul Qadeer Khan to 12 months in prison, eight of which were suspended, for shipping equipment used for uranium enrichment to Pakistan between 1999 and 2002.
Published 17 Dec, 2005 12:00am
Netherlander jailed for shipping nuclear equipment to Pakistan

Netherlander jailed for shipping nuclear equipment to Pakistan

A court on Friday sentenced a Dutch businessman and friend of nuclear scientist Dr Abdul Qadeer Khan to 12 months in prison, eight of which were suspended, for shipping equipment used for uranium enrichment to Pakistan between 1999 and 2002.
Published 17 Dec, 2005 12:00am
Currency in circulation up by Rs 128 billion in about five months

Currency in circulation up by Rs 128 billion in about five months

The State Bank of Pakistan failed to place the latest monetary and credit profile on its web site for the third week in succession. It has never happened in the history of the State Bank that it failed to produce the monetary survey during this period of
Published 17 Dec, 2005 12:00am
Spot dollar rates

Spot dollar rates

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

Published 17 Dec, 2005 12:00am
Currency in circulation up by Rs 128 billion in about five months

Currency in circulation up by Rs 128 billion in about five months

The State Bank of Pakistan failed to place the latest monetary and credit profile on its web site for the third week in succession. It has never happened in the history of the State Bank that it failed to produce the monetary survey during this period of
Published 17 Dec, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 16, 2005).
Published 17 Dec, 2005 12:00am
Currency in circulation up by Rs 128 billion in about five months

Currency in circulation up by Rs 128 billion in about five months

The State Bank of Pakistan failed to place the latest monetary and credit profile on its web site for the third week in succession. It has never happened in the history of the State Bank that it failed to produce the monetary survey during this period of
Published 17 Dec, 2005 12:00am
US executives team meets ERRA chairman

US executives team meets ERRA chairman

US delegation comprising four chief executive officers (CEOs) representing prominent corporate establishments on Friday called on the Earthquake Rehabilitation and Reconstruction Authority (ERRA) Chairman Lieutenant General Muhammad Zubair.
Published 17 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 16, 2005).

Published 17 Dec, 2005 12:00am
NWFP government satisfied over Ecnec decisions

NWFP government satisfied over Ecnec decisions

NWFP Senior Minister Sirajul Haq who also holds the portfolio of finance department, has expressed satisfaction over the decisions taken in the meeting of Executive Committee of National Economic Council (Ecnec) chaired by the Prime Minister Shaukat Aziz
Published 17 Dec, 2005 12:00am
CDWP to consider 12 schemes worth Rs 48.513 billion today

CDWP to consider 12 schemes worth Rs 48.513 billion today

The Central Development Working Party (CDWP) will meet on Saturday to consider 12 schemes worth Rs 48.513 billion from various sponsoring agencies with Planning Commission Deputy Chairman Dr Akram Sheikh in the chair.
Published 17 Dec, 2005 12:00am
Aptma discusses gas load-shedding with Jadoon

Aptma discusses gas load-shedding with Jadoon

A delegation of All Pakistan Textile Mills Association (Aptma), led by chairman Ahmad Quli Khan met the Minister for Petroleum and Natural Resources, Amanullah Jadoon, here on Friday and discussed with him the problems of textile industry resulting from d
Published 17 Dec, 2005 12:00am
Foreign companies Boeing inadvertently lands at PAF Base

Foreign companies Boeing inadvertently lands at PAF Base

A Boeing 737 aircraft owned by MNG and flown by Turkish Company pilots, on wet leased to PIA, flying from Dubai to Karachi, inadvertently landed safely at the PAF Base Faisal at 12:50 pm on Friday.
Published 17 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 16, 2005).

Published 17 Dec, 2005 12:00am
Foreign companies Boeing inadvertently lands at PAF Base

Foreign companies Boeing inadvertently lands at PAF Base

A Boeing 737 aircraft owned by MNG and flown by Turkish Company pilots, on wet leased to PIA, flying from Dubai to Karachi, inadvertently landed safely at the PAF Base Faisal at 12:50 pm on Friday.
Published 17 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 16, 2005).

Published 17 Dec, 2005 12:00am
Import of steel from India opposed

Import of steel from India opposed

Lahore Chamber of Commerce and Industry (LCCI) President Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra, terming the decision to allow import of steel and its products from India as a threat to ''Steel Industry'',
Published 17 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 16, 2005).

Published 17 Dec, 2005 12:00am
Import of steel from India opposed

Import of steel from India opposed

Lahore Chamber of Commerce and Industry (LCCI) President Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra, terming the decision to allow import of steel and its products from India as a threat to 'Steel Industry', h
Published 17 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 17 Dec, 2005 12:00am
Import of steel from India opposed

Import of steel from India opposed

Lahore Chamber of Commerce and Industry (LCCI) President Mian Shafqat Ali, Senior Vice President Abdul Basit and Vice President Aftab Ahmad Vohra, terming the decision to allow import of steel and its products from India as a threat to 'Steel Industry', h
Published 17 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 17 Dec, 2005 12:00am
Relief for 5 zero-rated sectors may be extended

Relief for 5 zero-rated sectors may be extended

The Central Board of Revenue (CBR) may extend the date for provisions under SRO 922(I)/2005 enabling the five zero-rated sectors to claim input tax adjustment on stocks/inputs acquired beyond June 5, 2005 and subsequently used in the manufacture of goods
Published 17 Dec, 2005 12:00am
Relief for 5 zero-rated sectors may be extended

Relief for 5 zero-rated sectors may be extended

The Central Board of Revenue (CBR) may extend the date for provisions under SRO 922(I)/2005 enabling the five zero-rated sectors to claim input tax adjustment on stocks/inputs acquired beyond June 5, 2005 and subsequently used in the manufacture of goods
Published 17 Dec, 2005 12:00am
Fazio taking big gifts would break ECB rule-Trichet

Fazio taking big gifts would break ECB rule-Trichet

European Central Bank President Jean-Claude Trichet said on Friday that if it is proven that Bank of Italy Governor Antonio Fazio took inappropriate gifts, this would be a breach of the central bankers' code of conduct.
Published 17 Dec, 2005 12:00am
Beatles sue EMI over disputed royalties

Beatles sue EMI over disputed royalties

Echoing their song "You Never Give Me Your Money," The Beatles have sued record company EMI Group, claiming that they are owed 30 million pounds ($53.1 million) in royalties after negotiations broke down.
Published 17 Dec, 2005 12:00am
SPORTS WORLD: Shoaib Akhtar breaks the back of England

SPORTS WORLD: Shoaib Akhtar breaks the back of England

After losing the first one-dayer against England at the cricket headquarters in Lahore by 42 runs Pakistan turned the tables on the visitors by winning the second fixture at the same venue by seven wickets to level the series 1-1.
Published 17 Dec, 2005 12:00am
LSE investors snub Macquarie

LSE investors snub Macquarie

The London Stock Exchange's two biggest shareholders rejected a 1.5 billion pound ($2.65 billion) offer from Macquarie Bank on Friday amid reports that rival suitors Deutsche Boerse and Euronext may choose to merge between themselves rather than pursue th
Published 17 Dec, 2005 12:00am
US upbeat on export subsidy cut-off deal

US upbeat on export subsidy cut-off deal

The United States believes countries can set a date this week to eliminate agricultural export subsidies, despite EU complaints others have not moved far enough, US Trade Representative Rob Portman said on Friday.
Published 17 Dec, 2005 12:00am
CFS starts on December 19

CFS starts on December 19

Karachi Stock Exchange (KSE) on Friday announced that Continuous Funding System (CFS) would be executed simultaneously with the regular market and the new system would commence from Monday (December 19).
Published 17 Dec, 2005 12:00am
Fruit juices as healthy as fresh fruits

Fruit juices as healthy as fresh fruits

In order to meet your "five to nine pieces of fresh fruits a day" you can squeeze the fruits instead of peeling them and eating them by hand. Squeezing is much more efficient: one glass of 2 squeezed oranges, 2 mandarins and 1 grapefruit can be squeezed i
Published 17 Dec, 2005 12:00am
CFS starts on December 19

CFS starts on December 19

Karachi Stock Exchange (KSE) on Friday announced that Continuous Funding System (CFS) would be executed simultaneously with the regular market and the new system would commence from Monday (December 19).
Published 17 Dec, 2005 12:00am
Honouring senior musicians

Honouring senior musicians

Musicians in Pakistan in the past always looked towards the government for recognition of their talent and pecuniary benefits. A majority of them succeeded in attracting the attention of cultural bureaucracy in the country, which helped it in winning both
Published 17 Dec, 2005 12:00am
CFS starts on December 19

CFS starts on December 19

Karachi Stock Exchange (KSE) on Friday announced that Continuous Funding System (CFS) would be executed simultaneously with the regular market and the new system would commence from Monday (December 19).
Published 17 Dec, 2005 12:00am
Mixed trend observed on ISE

Mixed trend observed on ISE

Mixed trend was observed at the Islamabad Stock Exchange (ISE) where bulls returned in the front seat amid increase in index. ISE network index was up by 33.83 points as the rate-based indicator moved from 12,739.56 to 12,773.39 points.
Published 17 Dec, 2005 12:00am