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Print - 2005-12-20
''Reforms aimed at making economy competitive''

''Reforms aimed at making economy competitive''

The reforms in financial sector of the country are aimed at integrating it with world economy and international financial sector so that the country would be competitive in global economic scenario, Dr Salman Shah, Advisor to Prime Minister for Finance, s
Published 20 Dec, 2005 12:00am
'Reforms aimed at making economy competitive'

'Reforms aimed at making economy competitive'

The reforms in financial sector of the country are aimed at integrating it with world economy and international financial sector so that the country would be competitive in global economic scenario, Dr Salman Shah, Advisor to Prime Minister for Finance, s
Published 20 Dec, 2005 12:00am
'Reforms aimed at making economy competitive'

'Reforms aimed at making economy competitive'

The reforms in financial sector of the country are aimed at integrating it with world economy and international financial sector so that the country would be competitive in global economic scenario, Dr Salman Shah, Advisor to Prime Minister for Finance, s
Published 20 Dec, 2005 12:00am
Orascom chairman calls on President and Prime Minister

Orascom chairman calls on President and Prime Minister

President General Pervez Musharraf on Monday said Pakistan would continue its investment-friendly policies in a transparent manner. Speaking to Orascom Telecom chairman and chief executive officer Naguib Sawiris, the President said Pakistan offers vast in
Published 20 Dec, 2005 12:00am
Glass & Ceramics: KARAM CERAMICS LIMITED - Year Ended 30-06-2005

Glass & Ceramics: KARAM CERAMICS LIMITED - Year Ended 30-06-2005

The year under review posted highest ever sales and profit for the company. The company expanded production facility of ceramic tiles and discontinued production of sanitary ware. It envisioned to further expand production facility of tiles to broaden the
Published 20 Dec, 2005 12:00am
Orascom chairman calls on President and Prime Minister

Orascom chairman calls on President and Prime Minister

President General Pervez Musharraf on Monday said Pakistan would continue its investment-friendly policies in a transparent manner. Speaking to Orascom Telecom chairman and chief executive officer Naguib Sawiris, the President said Pakistan offers vast in
Published 20 Dec, 2005 12:00am
Glass & Ceramics: KARAM CERAMICS LIMITED - Year Ended 30-06-2005

Glass & Ceramics: KARAM CERAMICS LIMITED - Year Ended 30-06-2005

The year under review posted highest ever sales and profit for the company. The company expanded production facility of ceramic tiles and discontinued production of sanitary ware. It envisioned to further expand production facility of tiles to broaden the
Published 20 Dec, 2005 12:00am
Orascom chairman calls on President and Prime Minister

Orascom chairman calls on President and Prime Minister

President General Pervez Musharraf on Monday said Pakistan would continue its investment-friendly policies in a transparent manner. Speaking to Orascom Telecom chairman and chief executive officer Naguib Sawiris, the President said Pakistan offers vast in
Published 20 Dec, 2005 12:00am
Treasury bills auction on December 21

Treasury bills auction on December 21

The State Bank of Pakistan (SBP) has invited bids for sale of Treasury Bills on Wednesday, December 21. The pre auction target is Rs 45 billion.
Published 20 Dec, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
Treasury bills auction on December 21

Treasury bills auction on December 21

The State Bank of Pakistan (SBP) has invited bids for sale of Treasury Bills on Wednesday, December 21. The pre auction target is Rs 45 billion.
Published 20 Dec, 2005 12:00am
$5 million venture capital fund to be set up: minister

$5 million venture capital fund to be set up: minister

Minister for information technology Awais Ahmad Khan Leghari on Monday said the government had decided to set up a venture capital fund with an initial outlay of $5 million to finance projects aimed at manufacturing commercially viable IT and telecom prod
Published 20 Dec, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
Four killed in Indian occupied Kashmir

Four killed in Indian occupied Kashmir

Indian occupation troops shot dead four suspected Islamic militants in two separate gunbattles in occupied Kashmir, police said on Monday.
Published 20 Dec, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Dec, 2005 12:00am
Tata Daewoo signs accord with Afzal Motors

Tata Daewoo signs accord with Afzal Motors

The Tata Daewoo Commercial Vehicle Company Limited (TDCV), a wholly-owned subsidiary of the Tata Motors, on Monday said it has signed a Technical Assistance Agreement (TAA) with Afzal Motors (Pvt) Limited of Pakistan for assembly of its vehicles in the ne
Published 20 Dec, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Dec, 2005 12:00am
Tata Daewoo signs accord with Afzal Motors

Tata Daewoo signs accord with Afzal Motors

The Tata Daewoo Commercial Vehicle Company Limited (TDCV), a wholly-owned subsidiary of the Tata Motors, on Monday said it has signed a Technical Assistance Agreement (TAA) with Afzal Motors (Pvt) Limited of Pakistan for assembly of its vehicles in the ne
Published 20 Dec, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Dec, 2005 12:00am
Tata Daewoo signs accord with Afzal Motors

Tata Daewoo signs accord with Afzal Motors

The Tata Daewoo Commercial Vehicle Company Limited (TDCV), a wholly-owned subsidiary of the Tata Motors, on Monday said it has signed a Technical Assistance Agreement (TAA) with Afzal Motors (Pvt) Limited of Pakistan for assembly of its vehicles in the ne
Published 20 Dec, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
Talks on Sir Creek dispute today

Talks on Sir Creek dispute today

India and Pakistan will hold talks here on Tuesday to discuss the first joint survey of Sir Creek - a strip of marshlands on their frontier - to resolve a decades-old boundary dispute.
Published 20 Dec, 2005 12:00am
Talks on Sir Creek dispute today

Talks on Sir Creek dispute today

India and Pakistan will hold talks here on Tuesday to discuss the first joint survey of Sir Creek - a strip of marshlands on their frontier - to resolve a decades-old boundary dispute.
Published 20 Dec, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Dec, 2005 12:00am
Cotton crop size estimated at 12.7 million bales

Cotton crop size estimated at 12.7 million bales

Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Khan Bosan has said that the cotton crop in 2005-06 is the second largest crop in the history with estimated production of 12.7 million bales.
Published 20 Dec, 2005 12:00am
Fruit import to China at zero-tariff from January 1

Fruit import to China at zero-tariff from January 1

Pakistani mangos, oranges and some other agro-based products will be imported into China at zero-tariff from January 1, 2006, while Chinese-made textile machinery and organic chemicals will enjoy free duty in Pakistan at the same time.
Published 20 Dec, 2005 12:00am
Wipro to buy Austria's NewLogic for $56 million

Wipro to buy Austria's NewLogic for $56 million

Wipro Ltd, India's No 3 software service exporter, said on Monday it has signed an agreement to buy privately-held Austrian chip-design firm, NewLogic, for 47 million euros ($56 million) in an all-cash deal.
Published 20 Dec, 2005 12:00am
ISE index loses 80.45 points

ISE index loses 80.45 points

Bears forced the bulls to leave the arena at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in trend-setters amid decrease in index.
Published 20 Dec, 2005 12:00am
ISE index loses 80.45 points

ISE index loses 80.45 points

Bears forced the bulls to leave the arena at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in trend-setters amid decrease in index.
Published 20 Dec, 2005 12:00am
Selling-pressure sets in on LSE

Selling-pressure sets in on LSE

Share values suffered heavy battering on the Lahore Stock Exchange (LSE) following selling-pressure in overpriced shares mainly caused by a technical correction which led the main index down by 1.45 percent.
Published 20 Dec, 2005 12:00am
Selling-pressure sets in on LSE

Selling-pressure sets in on LSE

Share values suffered heavy battering on the Lahore Stock Exchange (LSE) following selling-pressure in overpriced shares mainly caused by a technical correction which led the main index down by 1.45 percent.
Published 20 Dec, 2005 12:00am
Naib nazims' election on December 28

Naib nazims' election on December 28

The Acting Chief Election Commissioner of Pakistan has announced the schedule for elections of Naib Nazims in Zila Councils and Tehsil/Town Councils in the districts of all the four provinces.
Published 20 Dec, 2005 12:00am
Naib nazims' election on December 28

Naib nazims' election on December 28

The Acting Chief Election Commissioner of Pakistan has announced the schedule for elections of Naib Nazims in Zila Councils and Tehsil/Town Councils in the districts of all the four provinces.
Published 20 Dec, 2005 12:00am
Pakistan expects positive response from India: President

Pakistan expects positive response from India: President

President Pervez Musharraf said here on Monday that he expected India to positively respond to Pakistan's proposals for increased contact between the Kashmiris on both sides of the Line of Control.
Published 20 Dec, 2005 12:00am
CFS rules mar investors'' interest

CFS rules mar investors'' interest

The overbought situation at Karachi Stock Exchange and new rules pertaining to CFS, running on real time basis, put immense pressure on the players resulting in decline of 1.4 percent on the first session of the new week.
Published 20 Dec, 2005 12:00am
CFS rules mar investors' interest

CFS rules mar investors' interest

The overbought situation at Karachi Stock Exchange and new rules pertaining to CFS, running on real time basis, put immense pressure on the players resulting in decline of 1.4 percent on the first session of the new week.
Published 20 Dec, 2005 12:00am
CFS rules mar investors' interest

CFS rules mar investors' interest

The overbought situation at Karachi Stock Exchange and new rules pertaining to CFS, running on real time basis, put immense pressure on the players resulting in decline of 1.4 percent on the first session of the new week.
Published 20 Dec, 2005 12:00am
Reforms put economy on right track: Shaukat

Reforms put economy on right track: Shaukat

Prime Minister Shaukat Aziz has said result-oriented reforms and continuation of policies have played a key role in putting the economy on the right track. However, the country still faces challenges of high inflation and increasing current account defici
Published 20 Dec, 2005 12:00am
Reforms put economy on right track: Shaukat

Reforms put economy on right track: Shaukat

Prime Minister Shaukat Aziz has said result-oriented reforms and continuation of policies have played a key role in putting the economy on the right track. However, the country still faces challenges of high inflation and increasing current account defici
Published 20 Dec, 2005 12:00am
Reforms put economy on right track: Shaukat

Reforms put economy on right track: Shaukat

Prime Minister Shaukat Aziz has said result-oriented reforms and continuation of policies have played a key role in putting the economy on the right track. However, the country still faces challenges of high inflation and increasing current account defici
Published 20 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
Rules for CFS implementation notified

Rules for CFS implementation notified

The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to ''''continuous funding system'''' (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the managemen
Published 20 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
Rules for CFS implementation notified

Rules for CFS implementation notified

The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to ''continuous funding system'' (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the management of
Published 20 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
Rules for CFS implementation notified

Rules for CFS implementation notified

The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to 'continuous funding system' (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the management of t
Published 20 Dec, 2005 12:00am
Rules for CFS implementation notified

Rules for CFS implementation notified

The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to 'continuous funding system' (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the management of t
Published 20 Dec, 2005 12:00am
KPT to buy trailer suction hopper dredger

KPT to buy trailer suction hopper dredger

Karachi Port Trust (KPT) has inked an agreement with a Dutch company, IHC - Holland Dredgers bv, for construction and delivery of a trailer suction hopper dredger at a cost of 50.73 million euro.
Published 20 Dec, 2005 12:00am
KPT to buy trailer suction hopper dredger

KPT to buy trailer suction hopper dredger

Karachi Port Trust (KPT) has inked an agreement with a Dutch company, IHC - Holland Dredgers bv, for construction and delivery of a trailer suction hopper dredger at a cost of 50.73 million euro.
Published 20 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 Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
KPT to buy trailer suction hopper dredger

KPT to buy trailer suction hopper dredger

Karachi Port Trust (KPT) has inked an agreement with a Dutch company, IHC - Holland Dredgers bv, for construction and delivery of a trailer suction hopper dredger at a cost of 50.73 million euro.
Published 20 Dec, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
SBP invites suggestions on new EFS

SBP invites suggestions on new EFS

The State Bank of Pakistan has invited suggestions and recommendations from all the stakeholders on the new Export Finance Scheme (EFS) 2005 in order to further update the scheme.
Published 20 Dec, 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 (December 19, 2005).
Published 20 Dec, 2005 12:00am
SBP invites suggestions on new EFS

SBP invites suggestions on new EFS

The State Bank of Pakistan has invited suggestions and recommendations from all the stakeholders on the new Export Finance Scheme (EFS) 2005 in order to further update the scheme.
Published 20 Dec, 2005 12:00am
SBP invites suggestions on new EFS

SBP invites suggestions on new EFS

The State Bank of Pakistan has invited suggestions and recommendations from all the stakeholders on the new Export Finance Scheme (EFS) 2005 in order to further update the scheme.
Published 20 Dec, 2005 12:00am
Bid to import used auto parts opposed

Bid to import used auto parts opposed

The State Engineering Corporation (Pvt) Limited (SEC) and Pakistan Machine-Tool Factory (Pvt) Limited (PMTFL) have strongly opposed bid to import second-hand auto parts, and approached to the Ministry of Industries and Production pleading that it should p
Published 20 Dec, 2005 12:00am
Bid to import used auto parts opposed

Bid to import used auto parts opposed

The State Engineering Corporation (Pvt) Limited (SEC) and Pakistan Machine-Tool Factory (Pvt) Limited (PMTFL) have strongly opposed bid to import second-hand auto parts, and approached to the Ministry of Industries and Production pleading that it should p
Published 20 Dec, 2005 12:00am
Bid to import used auto parts opposed

Bid to import used auto parts opposed

The State Engineering Corporation (Pvt) Limited (SEC) and Pakistan Machine-Tool Factory (Pvt) Limited (PMTFL) have strongly opposed bid to import second-hand auto parts, and approached to the Ministry of Industries and Production pleading that it should p
Published 20 Dec, 2005 12:00am
Afghan parliament meets after 3 decades

Afghan parliament meets after 3 decades

Afghanistan inaugurated on Monday its first parliament after three decades of war with an emotional ceremony attended by US Vice-President Dick Cheney and followed by new criticism of warlords in the assembly.
Published 20 Dec, 2005 12:00am
Afghan parliament meets after 3 decades

Afghan parliament meets after 3 decades

Afghanistan inaugurated on Monday its first parliament after three decades of war with an emotional ceremony attended by US Vice-President Dick Cheney and followed by new criticism of warlords in the assembly.
Published 20 Dec, 2005 12:00am
ACE donates $110,000 to quake victims

ACE donates $110,000 to quake victims

Ms Zehra Naqvi, CEO, ACE Pakistan has presented a cheque of 110,000 dollars to the Prime Minister Shaukat Aziz at a small presentation at the Governor House, Karachi on behalf of Evan Greenberg, President ACE Limited.
Published 20 Dec, 2005 12:00am
President assures to resolve dam issue amicably

President assures to resolve dam issue amicably

President General Pervez Musharraf on Monday said a strategy would be formulated to look into the reservations of the provinces on the issue of water reservoirs.
Published 20 Dec, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (December 19, 2005).

Published 20 Dec, 2005 12:00am
President assures to resolve dam issue amicably

President assures to resolve dam issue amicably

President General Pervez Musharraf on Monday said a strategy would be formulated to look into the reservations of the provinces on the issue of water reservoirs.
Published 20 Dec, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (December 19, 2005).
Published 20 Dec, 2005 12:00am
President assures to resolve dam issue amicably

President assures to resolve dam issue amicably

President General Pervez Musharraf on Monday said a strategy would be formulated to look into the reservations of the provinces on the issue of water reservoirs.
Published 20 Dec, 2005 12:00am