News Archives for Print - 2005-12-19

Sling loading technique used in relief efforts

Two US Chinook helicopters equipped with a special type of offloading capability called "Sling Loading" delivered plastic sheeting to the remote village of Shoval on Saturday.

Published 19 Dec, 2005 12:00am

Picic, Picic Commercial Bank's merger likely

The merger of Picic and Picic Commercial Bank is likely to get the approval in principle from the State Bank of Pakistan (SBP) in next few days and thereby, its processing will be completed by February 15.

Published 19 Dec, 2005 12:00am

CVT relief on 6 vehicles' purchase by NRSP

The Central Board of Revenue (CBR) has given exemption of capital value tax (CVT) on the purchase of six vehicles by the National Rural Support Programme, Islamabad.

Published 19 Dec, 2005 12:00am

CVT relief on 6 vehicles' purchase by NRSP

The Central Board of Revenue (CBR) has given exemption of capital value tax (CVT) on the purchase of six vehicles by the National Rural Support Programme, Islamabad.

Published 19 Dec, 2005 12:00am

Faisalabad and Quetta MTUs to be operational from next month

The Medium Taxpayer Units (MTUs) at Faisalabad and Quetta would become operational from the first week of January 2006. The Board-in-Council has decided that MTU Faisalabad would start functioning from January 2006, whereas the work on the MTU Quetta has

Published 19 Dec, 2005 12:00am

Ted Turner calls on Shaukat

Chairman United Nations Foundation and founder of world renowned Cable Television Network (CNN) Ted Turner called Prime Minister Shaukat Aziz here on Sunday and appreciated the remarkable performance of Pakistan government in rehabilitation and reconstruc

Published 19 Dec, 2005 12:00am

New guidelines to monitor sugar mills activities

The Central Board of Revenue (CBR) has issued the new policy guidelines to the collectorates for effective monitoring of sugar mills activities. As per new guidelines, the collectorates would collect data from the mills in their respective areas on fortni

Published 19 Dec, 2005 12:00am

New guidelines to monitor sugar mills activities

The Central Board of Revenue (CBR) has issued the new policy guidelines to the collectorates for effective monitoring of sugar mills activities. As per new guidelines, the collectorates would collect data from the mills in their respective areas on fortni

Published 19 Dec, 2005 12:00am

WTO text acceptable, says EU

The European Union (EU), which was earlier reluctant to give date for ending farm subsidies, said that the text issued by the WTO was acceptable, but the draft was not a true success.

Published 19 Dec, 2005 12:00am

Protection of minorities top priority: minister

Protection of minorities rights is the utmost priority of present government, said Mohammad Ijaz-ul-Haq, Federal Minister for Religious and Minorities Affairs here on Sunday.

Published 19 Dec, 2005 12:00am

SHC restrains CBR from promoting 9 CITs

The Central Board of Revenue (CBR) has been restrained by an order of Sindh High Court from promoting 9 Commissioners of Income Tax (B-20) to the next grade in writ petitions filed by three CITs of Karachi.

Published 19 Dec, 2005 12:00am

Close relations between Pak-Iran stressed

Speakers here in seminar on the cultural dimensions of Pak-Iran relations termed Persian language, its literature the most important characteristic of common culture between two countries.

Published 19 Dec, 2005 12:00am

Anti-dumping duty on polyester filament yarn

The National Tariff Commission (NTC) has imposed provisional antidumping duty on the import of polyester filament yarn (PFY) from Indonesia, Korea, Malaysia and Thailand after fulfilment of legal formalities in consultation of all the relevant departments

Published 19 Dec, 2005 12:00am

FBISE prize distribution ceremony on December 20

The 21st medal and prize distribution ceremony will take place under the auspices of Federal Board of Intermediate and Secondary Education (FBISE) here on Tuesday.

Published 19 Dec, 2005 12:00am

Seminar on population to be held on December 26

Federal Minister for Population Welfare Chaudhry Shahbaz Hussain has said that an advocacy seminar on population will highlight the population welfare programme.

Published 19 Dec, 2005 12:00am

Orascom Telecom chief arrives today

Orascom Telecom Chairman, Naguib Sawaris is arriving here on Monday to reaffirm the company's ongoing business and investment commitment to Pakistan, particularly in the telecom sector.

Published 19 Dec, 2005 12:00am

Thar coal exploration: row over tariff blamed for delay

Sindh Chief Minister Dr Arbab Ghulam Rahim has said his government was committed to bring less developed areas of the province at par with the developed urban areas.

Published 19 Dec, 2005 12:00am

Rs 5,000 notes soon

The State Bank of Pakistan would issue new currency notes of Rs 5,000 soon. The SBP has conveyed to all commercial banks that the new notes of Rs 5,000 would be circulated soon.

Published 19 Dec, 2005 12:00am

Cement sector to grow by 55 percent in fiscal year 2006

The sustained economic growth entered into third consecutive year, the cement sector to perform well and profits of the sector might grow as much as 55 percent in the current fiscal year, as the government has planned to build infrastructure, roads, dams

Published 19 Dec, 2005 12:00am

Karachi traders demand licensed arms

All Pakistan Organisation of Small Traders and Cottage Industries Karachi President Mehmood Hamid on Sunday demanded of the government that licensed arms be given to the traders of Karachi so that they could defend themselves in the present scenario of ri

Published 19 Dec, 2005 12:00am

Ufone and NAE sign MoU

Ufone and New Allied Electronic Industries (Pvt) Ltd, authorised sellers & distributors of LG products in Pakistan, have signed a MoU through which Ufone & NAE (LG Electronics) will be using each other's platform on need based for different activities and

Published 19 Dec, 2005 12:00am

Tests for appointment of lecturers

Education and Literacy Department, Sindh conducted written tests for appointment of 150 lecturers of Sindhi language subject, at DJ Science College.

Published 19 Dec, 2005 12:00am

Energy shortfall of 4000MW by 2010 likely

The country to face water shortage as well as energy shortfall by 2010 if a major dam is not built, resulting in serious implications on economic growth, analysts said.

Published 19 Dec, 2005 12:00am

Cotton market heading for price crisis

The latest cotton arrival figures indicate that harvesting of a good crop of 13.0 million bales now appears quite realistic. The other day, the Chairman of Pakistan Cotton Ginners' Association said that there could be a crop of 13.0 million bales cotton t

Published 19 Dec, 2005 12:00am

Cotton market heading for price crisis

The latest cotton arrival figures indicate that harvesting of a good crop of 13.0 million bales now appears quite realistic. The other day, the Chairman of Pakistan Cotton Ginners' Association said that there could be a crop of 13.0 million bales cotton t

Published 19 Dec, 2005 12:00am

Lesco regularises 396 contract employees

Lahore Electric Supply Company (Lesco) has regularised the services of 396 contract employees having three year service in the company on various positions.

Published 19 Dec, 2005 12:00am

Land levelling equipment to be provided to Sindh growers

Sindh government has decided to provide 150 automatic and semi-automatic precision laser land levelling equipment to growers at 50 percent subsidised rates.

Published 19 Dec, 2005 12:00am

'Feudalism main cause of backwardness in Sindh'

Literary critics and intellectuals have said influence of feudal lords and increasing corruption in education department are the main causes of declining education standard and multiplying backwardness in rural areas of Sindh.

Published 19 Dec, 2005 12:00am

Mega renovation work being carried out in privatised KESC

The new management of the privatised Karachi Electric Supply Corporation Limited (KESC) informed that latest electronic technology has arrived and analysis of the city power supply network has started to carry out mega renovation work, said the Spokesman

Published 19 Dec, 2005 12:00am

Range-bound fluctuations in prices

Prices moved both ways on the commodity wholesale markets as rice, gram, plastic mouldings were mixed in changes more than once during the week ended on December 17, 2005. The commodities underwent changes were gram, cottoncakes, gram dal, yellow peas, be

Published 19 Dec, 2005 12:00am

Cotton market influenced by phutti arrivals, WTO moot

Cotton trading in local market last week was influenced by phutti arrivals statement, the ongoing WTO moot in Hong Kong and the buyers' interest. The spot rate got a raise on the opening day, and was last quoted at Rs 2400 per maund.

Published 19 Dec, 2005 12:00am

Cotton market influenced by phutti arrivals, WTO moot

Cotton trading in local market last week was influenced by phutti arrivals statement, the ongoing WTO moot in Hong Kong and the buyers' interest. The spot rate got a raise on the opening day, and was last quoted at Rs 2400 per maund.

Published 19 Dec, 2005 12:00am

UAMC renamed as UBL Fund Managers Limited

The United Asset Management Company Limited (UAMC) has been renamed as UBL Fund Managers Limited (UBLFM). The UBLFM is a wholly-owned subsidiary of the United Bank Limited (UBL), which is Pakistan's second largest private commercial bank.

Published 19 Dec, 2005 12:00am

UAMC renamed as UBL Fund Managers Limited

The United Asset Management Company Limited (UAMC) has been renamed as UBL Fund Managers Limited (UBLFM). The UBLFM is a wholly-owned subsidiary of the United Bank Limited (UBL), which is Pakistan's second largest private commercial bank.

Published 19 Dec, 2005 12:00am

'Deferred sales tax refund cases to be settled urgently'

Federal Textile Minister, Chaudhry Mushtaq Ali Cheema has announced that deferred sales tax refund cases delayed on minor objections would be settled urgently to facilitate the exporters.

Published 19 Dec, 2005 12:00am

'Deferred sales tax refund cases to be settled urgently'

Federal Textile Minister, Chaudhry Mushtaq Ali Cheema has announced that deferred sales tax refund cases delayed on minor objections would be settled urgently to facilitate the exporters.

Published 19 Dec, 2005 12:00am

Government medicines worth millions thrown into river

Huge quantity of government medicines worth millions were thrown into River Tavi by unknown persons allegedly belonging to Punjab health department. National Assembly (NA) Speaker Chaudhry Amir Hussain visited the spot and examined the medicines bearing t

Published 19 Dec, 2005 12:00am

Call for initiating new technology for silage in livestock sector

University of Agriculture Faisalabad (UAF) Vice-Chancellor Professor Dr Bashir Ahmad said that Pakistan was facing challenges to boost agriculture and livestock sectors according to the international standards.

Published 19 Dec, 2005 12:00am

ZTBL advances over Rs 863 million loans to small farmers

The Zarai Taraqiati Bank Limited (ZTBL) has advanced loans amounting to Rs 863.217 million among the small growers and farmers in Sialkot and Narowal districts during the current fiscal year.

Published 19 Dec, 2005 12:00am

Parliament to discuss dams, says Rashid

Federal Information Minister Shaikh Rashid Ahmed has said that the issue of construction of dams will be debated in the Parliament and a publicity campaign will be launched from tomorrow (December 19) to highlight its importance.

Published 19 Dec, 2005 12:00am

'Tractor makers involved in black marketing'

Pakistan Kisan Movement has alleged that leading tractor manufacturers were involved in black mailing and black marketing, which was causing huge losses to farmers community.

Published 19 Dec, 2005 12:00am

Qazi wants CCI meeting on dams issue

Muttahida Majlis-i-Amal (MMA) chief Qazi Hussain Ahmed has asked the government to convene Council of Common Interests (CCI) meeting to take the provinces into confidence on the issue of construction of new dams.

Published 19 Dec, 2005 12:00am

Qul

Qul of Ms Farzana Qureshi, a senior officer of Ministry of Information, who expired on Saturday, 17th December, will be held on Monday at 2 pm, at Ghalib Colony, Nadeem Shaheed Road, Samanabad.

Published 19 Dec, 2005 12:00am

UN team briefed about relief work

A 20-member delegation of the UN Foundation headed by Tedd Turner, founder of CNN and Chairman UN Foundation, met with the senior officials of the Federal Relief Commission here on Sunday.

Published 19 Dec, 2005 12:00am

Rashid attends funeral

Federal Minister for Information & Broadcasting Sheikh Rashid Ahmed on Sunday attended the funeral prayer of Farzana Qureshi, 2nd Common CSS Officer of Information Group, who expired on Saturday after protracted illness.

Published 19 Dec, 2005 12:00am

Rockets fired at FC posts

Miscreants fired rockets at the FC checkposts in Mir Ali area of North Waziristan, but no casualties have been reported. Unknown miscreants fired four rockets at the FC checkposts near Mir Ali bazaar, which strayed from the target. Security personnel reta

Published 19 Dec, 2005 12:00am

Winter holidays from January 2

Federal directorate of education has announced that all educational institutions would remain closed from January 2 to January 15 on account of winter holidays.

Published 19 Dec, 2005 12:00am

29 big companies invited in OGDC conference

On the direction of Prime Minister Shaukat Aziz, the Oil and Gas Development Company Limited (OGDC) has scheduled a conference in Karachi on December 20, and has invited 29 companies.

Published 19 Dec, 2005 12:00am

Rigging in Sheikhupura by-polls alleged

Continuing with its past practice, the rulers have again blatantly rigged the by-election in NA-132 Sheikhupura, where bogus voting took place while the opposition candidate was harassed.

Published 19 Dec, 2005 12:00am

Muttahida reiterates stance against Kalabagh dam

Muttahida Qaumi Movement will not support construction of Kalabagh Dam, this was decided at a emergent session of party's Rabita committee held at Azizabad and London secretariats simultaneously, a private TV channel reported on Sunday.

Published 19 Dec, 2005 12:00am

Switching over to electricity not viable option for Aptma

While rejecting the option of electricity, the All Pakistan Textile Mills Association (Aptma) has conveyed to the government that non-availability of gas was going to bring export-oriented textile industry to a complete halt shortly.

Published 19 Dec, 2005 12:00am

Switching over to electricity not viable option for Aptma

While rejecting the option of electricity, the All Pakistan Textile Mills Association (Aptma) has conveyed to the government that non-availability of gas was going to bring export-oriented textile industry to a complete halt shortly.

Published 19 Dec, 2005 12:00am

Switching over to electricity not viable option for Aptma

While rejecting the option of electricity, the All Pakistan Textile Mills Association (Aptma) has conveyed to the government that non-availability of gas was going to bring export-oriented textile industry to a complete halt shortly.

Published 19 Dec, 2005 12:00am

42 killed in stampede for food coupons in Chennai

At least 42 people, mostly women, were killed and more than 50 injured on Sunday in a stampede for food coupons at a flood relief camp in the southern Indian city of Chennai, officials said.

Published 19 Dec, 2005 12:00am

42 killed in stampede for food coupons in Chennai

At least 42 people, mostly women, were killed and more than 50 injured on Sunday in a stampede for food coupons at a flood relief camp in the southern Indian city of Chennai, officials said.

Published 19 Dec, 2005 12:00am

$250 million out of pledged amount received so far: UN

The United Nations has so far received $250 million out of the pledged $550 million for its relief operations in the earthquake-hit areas of NWFP and Azad Kashmir, UN Relief Co-ordinator Jan Vandemoortele told Business Recorder here on Sunday

Published 19 Dec, 2005 12:00am

MONEY WEEK: advances net of provisions up by Rs63bn in four weeks

While the State Bank failed to update monetary data on its web-site for the fourth week in a row - a rare occurring in this period of the year (cf. BR issue of 17-12-2005 for the background story), scheduled banks accounts available for December 10, 2005

Published 19 Dec, 2005 12:00am

MONEY WEEK: advances net of provisions up by Rs63bn in four weeks

While the State Bank failed to update monetary data on its web-site for the fourth week in a row - a rare occurring in this period of the year (cf. BR issue of 17-12-2005 for the background story), scheduled banks accounts available for December 10, 2005

Published 19 Dec, 2005 12:00am

MONEY WEEK: advances net of provisions up by Rs63bn in four weeks

While the State Bank failed to update monetary data on its web-site for the fourth week in a row - a rare occurring in this period of the year (cf. BR issue of 17-12-2005 for the background story), scheduled banks accounts available for December 10, 2005

Published 19 Dec, 2005 12:00am

Funding no problem for Kalabagh dam: Salman

Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Dr Salman Shah said that the chief ministers of the four provinces had given mandate to President General Pervez Musharraf for the decision of the award and it would be announced short

Published 19 Dec, 2005 12:00am

Fabrics exports slips by 38 percent during July-October

The exports of textile fabrics in the first four months of current fiscal year have shown a quantitative decline of 38 percent, reflecting the non-competitiveness of Pakistani textiles consequent upon high cost of production in the country and export faci

Published 19 Dec, 2005 12:00am

Rice defends Bush decision on eavesdropping in US

US Secretary of State Condoleezza Rice said on Sunday President George W. Bush's secret order to allow spying on people in the United States was necessary to prevent terrorism, but lawmakers in both parties questioned the action.

Published 19 Dec, 2005 12:00am

Equities move both ways on LSE

Share values turned highly volatile and after undergoing multiple up and downward fluctuations finally ended almost flat on the Lahore Stock Exchange (LSE) during the last week amid a slight improvement in transaction turnover.

Published 19 Dec, 2005 12:00am

Equities move both ways on LSE

Share values turned highly volatile and after undergoing multiple up and downward fluctuations finally ended almost flat on the Lahore Stock Exchange (LSE) during the last week amid a slight improvement in transaction turnover.

Published 19 Dec, 2005 12:00am

FDI may touch $3 billion by fiscal year 2006-end: Hafeez

Federal Privatisation and Investment Minister Dr Abdul Hafeez Shaikh has said that by the end of fiscal 2005-06, we were expecting to touch the figure of $3 billion of foreign direct investment (FDI).

Published 19 Dec, 2005 12:00am

FDI may touch $3 billion by fiscal year 2006-end: Hafeez

Federal Privatisation and Investment Minister Dr Abdul Hafeez Shaikh has said that by the end of fiscal 2005-06, we were expecting to touch the figure of $3 billion of foreign direct investment (FDI).

Published 19 Dec, 2005 12:00am

FDI may touch $3 billion by fiscal year 2006-end: Hafeez

Federal Privatisation and Investment Minister Dr Abdul Hafeez Shaikh has said that by the end of fiscal 2005-06, we were expecting to touch the figure of $3 billion of foreign direct investment (FDI).

Published 19 Dec, 2005 12:00am

Share prices near nine-month high

The share market for the eighth consecutive week last week closed in the positive zone on the back of fresh buying registered in banking, gas and telecom sectors and the index was near nine-month high level.

Published 19 Dec, 2005 12:00am

Share prices near nine-month high

The share market for the eighth consecutive week last week closed in the positive zone on the back of fresh buying registered in banking, gas and telecom sectors and the index was near nine-month high level.

Published 19 Dec, 2005 12:00am

Share prices near nine-month high

The share market for the eighth consecutive week last week closed in the positive zone on the back of fresh buying registered in banking, gas and telecom sectors and the index was near nine-month high level.

Published 19 Dec, 2005 12:00am

WTO moot successful for Pakistan

Commerce Minister Humayun Akhtar said here on Sunday that the WTO agreement on elimination of export subsidies would not affect Pakistan''s exports subsidy "as it is already too low".

Published 19 Dec, 2005 12:00am

WTO moot successful for Pakistan

Commerce Minister Humayun Akhtar said here on Sunday that the WTO agreement on elimination of export subsidies would not affect Pakistan's exports subsidy "as it is already too low".

Published 19 Dec, 2005 12:00am

WTO moot successful for Pakistan

Commerce Minister Humayun Akhtar said here on Sunday that the WTO agreement on elimination of export subsidies would not affect Pakistan's exports subsidy "as it is already too low".

Published 19 Dec, 2005 12:00am

Rupee may gain this week: T-bills yield to remain unchanged

The State Bank of Pakistan will announce its last Treasury Bills auction target for the year 2005 on Monday, December 19, against maturity of Rs 41.24 billion for Thursday, December 22. Market consensus for the target amount ranged from Rs 50 billion to R

Published 19 Dec, 2005 12:00am

Rupee may gain this week: T-bills yield to remain unchanged

The State Bank of Pakistan will announce its last Treasury Bills auction target for the year 2005 on Monday, December 19, against maturity of Rs 41.24 billion for Thursday, December 22. Market consensus for the target amount ranged from Rs 50 billion to R

Published 19 Dec, 2005 12:00am

Rupee may gain this week: T-bills yield to remain unchanged

The State Bank of Pakistan will announce its last Treasury Bills auction target for the year 2005 on Monday, December 19, against maturity of Rs 41.24 billion for Thursday, December 22. Market consensus for the target amount ranged from Rs 50 billion to R

Published 19 Dec, 2005 12:00am

Rupee may gain this week: T-bills yield to remain unchanged

The State Bank of Pakistan will announce its last Treasury Bills auction target for the year 2005 on Monday, December 19, against maturity of Rs 41.24 billion for Thursday, December 22. Market consensus for the target amount ranged from Rs 50 billion to R

Published 19 Dec, 2005 12:00am

Capitalisation versus tradable shares

On Friday, December 16, 2005, BRIndex30 closed at 10,117.47 with a net change of -18.48, and turnover was 337,220,400.

Published 19 Dec, 2005 12:00am

Capitalisation versus tradable shares

On Friday, December 16, 2005, BRIndex30 closed at 10,117.47 with a net change of -18.48, and turnover was 337,220,400.

Published 19 Dec, 2005 12:00am

Capitalisation versus tradable shares

On Friday, December 16, 2005, BRIndex30 closed at 10,117.47 with a net change of -18.48, and turnover was 337,220,400.

Published 19 Dec, 2005 12:00am

THE RUPEE: year-end payments affect foreign exchange market

Year-end payments toppled the currency rates in the interbank market last week, dragging the rupee down versus dollar which crossed an important mark of Rs 59.70, dealers said.

Published 19 Dec, 2005 12:00am

THE RUPEE: year-end payments affect foreign exchange market

Year-end payments toppled the currency rates in the interbank market last week, dragging the rupee down versus dollar which crossed an important mark of Rs 59.70, dealers said.

Published 19 Dec, 2005 12:00am

Government losing revenue on PDL adjustment

The Oil Companies Advisory Committee (OCAC) is following a set pattern of formula and is giving comfort from the ever-rising oil prices. The government intervened and adjusted its petroleum development levy and, in turn, it faced substantial revenue falls

Published 19 Dec, 2005 12:00am

Government losing revenue on PDL adjustment

The Oil Companies Advisory Committee (OCAC) is following a set pattern of formula and is giving comfort from the ever-rising oil prices. The government intervened and adjusted its petroleum development levy and, in turn, it faced substantial revenue falls

Published 19 Dec, 2005 12:00am

Government losing revenue on PDL adjustment

The Oil Companies Advisory Committee (OCAC) is following a set pattern of formula and is giving comfort from the ever-rising oil prices. The government intervened and adjusted its petroleum development levy and, in turn, it faced substantial revenue falls

Published 19 Dec, 2005 12:00am

Fresh anti-globalisation protests in Hong Kong

Thousands of anti-globalisation protesters marched through Hong Kong on Sunday under the watchful gaze of police, hours before the end of WTO trade talks, after running battles between police and protestors the previous night.

Published 19 Dec, 2005 12:00am

Fresh anti-globalisation protests in Hong Kong

Thousands of anti-globalisation protesters marched through Hong Kong on Sunday under the watchful gaze of police, hours before the end of WTO trade talks, after running battles between police and protestors the previous night.

Published 19 Dec, 2005 12:00am

Fresh anti-globalisation protests in Hong Kong

Thousands of anti-globalisation protesters marched through Hong Kong on Sunday under the watchful gaze of police, hours before the end of WTO trade talks, after running battles between police and protestors the previous night.

Published 19 Dec, 2005 12:00am

Dams issue: consultation process to continue: Prime Minister

Prime Minister Shaukat Aziz on Sunday said decision to construct new water reservoirs would be taken after consultation with all the stakeholders and taking the politicians and parliament into confidence.

Published 19 Dec, 2005 12:00am

Dams issue: consultation process to continue: Prime Minister

Prime Minister Shaukat Aziz on Sunday said decision to construct new water reservoirs would be taken after consultation with all the stakeholders and taking the politicians and parliament into confidence.

Published 19 Dec, 2005 12:00am

Dams issue: consultation process to continue: Prime Minister

Prime Minister Shaukat Aziz on Sunday said decision to construct new water reservoirs would be taken after consultation with all the stakeholders and taking the politicians and parliament into confidence.

Published 19 Dec, 2005 12:00am

EU agrees to end agricultural subsidies by 2013

After extensive negotiations, the European Union (EU) agreed to end agriculture subsidies by 2013, which was the main hurdle to develop consensus among the 150 member countries of World Trade Organisation (WTO).

Published 19 Dec, 2005 12:00am

EU agrees to end agricultural subsidies by 2013

After extensive negotiations, the European Union (EU) agreed to end agriculture subsidies by 2013, which was the main hurdle to develop consensus among the 150 member countries of World Trade Organisation (WTO).

Published 19 Dec, 2005 12:00am

EU agrees to end agricultural subsidies by 2013

After extensive negotiations, the European Union (EU) agreed to end agriculture subsidies by 2013, which was the main hurdle to develop consensus among the 150 member countries of World Trade Organisation (WTO).

Published 19 Dec, 2005 12:00am

Stocks futures decline

The stocks futures open interest at Karachi Stock Exchange fell during last week, and settled at Rs 15.3 billion on Friday, December 16, as selling in some scrips forced the investors to offload their positions.

Published 19 Dec, 2005 12:00am

Stocks futures decline

The stocks futures open interest at Karachi Stock Exchange fell during last week, and settled at Rs 15.3 billion on Friday, December 16, as selling in some scrips forced the investors to offload their positions.

Published 19 Dec, 2005 12:00am

Stocks futures decline

The stocks futures open interest at Karachi Stock Exchange fell during last week, and settled at Rs 15.3 billion on Friday, December 16, as selling in some scrips forced the investors to offload their positions.

Published 19 Dec, 2005 12:00am

CBR lists machinery liable to zero rating of sales tax

Taking a major step to facilitate the investors, the Central Board of Revenue (CBR) has issued a new list of plant, machinery and equipment on which sales tax would be charged at the rate of zero percent at the import stage and local supply under SRO 530(

Published 19 Dec, 2005 12:00am

CBR lists machinery liable to zero rating of sales tax

Taking a major step to facilitate the investors, the Central Board of Revenue (CBR) has issued a new list of plant, machinery and equipment on which sales tax would be charged at the rate of zero percent at the import stage and local supply under SRO 530(

Published 19 Dec, 2005 12:00am

CBR lists machinery liable to zero rating of sales tax

Taking a major step to facilitate the investors, the Central Board of Revenue (CBR) has issued a new list of plant, machinery and equipment on which sales tax would be charged at the rate of zero percent at the import stage and local supply under SRO 530(

Published 19 Dec, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Stock	Price
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Askari Life Assur. / Dec 26 Askari Life Assurance Company Limited(ALAC)	6.22 ▲ 0.62 (11.07%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Pak. P.V.C. / Dec 26 Pakistan PVC Limited(PPVC)	11.20 ▲ 1.02 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Dar-es-Salaam / Dec 26 Dar-es-Salaam Textile Mills Limited(DSML)	51.25 ▲ 4.66 (10.00%)
Liven Pharma / Dec 26 Liven Pharma Limited(LIVEN)	113.10 ▲ 10.28 (10.00%)

Stock	Price
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
United Brands / Dec 26 United Brands Limited(UBDL)	22.65 ▼ -2.38 (-9.51%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.40 ▼ -2.27 (-8.84%)
Leather Up Ltd. / Dec 26 Leather Up Limited(LEUL)	24.21 ▼ -2.26 (-8.54%)
Intermarket Securities / Dec 26 Intermarket Securities Limited(IMS)	68.10 ▼ -4.93 (-6.75%)
Gammon Pak / Dec 26 Gammon Pakistan Limited(GAMON)	48.01 ▼ -3.30 (-6.43%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.05
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	67,135,769 ▲ 0.58
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -0.59
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.09
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	32,721,245 ▲ 5.28
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.13
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.17
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.24
Sui North Gas / Dec 26 Sui Northern Gas Pipelines Limited(SNGP)	26,262,710 ▲ 2.66

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