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Print - 2005-12-21
Rival Fatah groups to cooperate in Palestinian poll

Rival Fatah groups to cooperate in Palestinian poll

Rival groups within the ruling Palestinian party Fatah agreed on Tuesday to cooperate as closely as possible, despite their differences, to defeat Hamas Islamic militants in parliamentary elections in January.
Published 21 Dec, 2005 12:00am
Playing by the rules won't beat terrorism: Berlusconi

Playing by the rules won't beat terrorism: Berlusconi

Prime Minister Silvio Berlusconi said on Tuesday he did not believe CIA agents had kidnapped an Egyptian cleric in Italy in 2003, but added that governments weren't going to defeat terrorism by playing by the rules.
Published 21 Dec, 2005 12:00am
IBM buys Bowstreet

IBM buys Bowstreet

IBM the world's biggest computer company, said on Tuesday it bought privately-held Bowstreet Inc to make it easier for business customers to gather and view business information from different sources.
Published 21 Dec, 2005 12:00am
Shaukat lauds contribution of expatriates in development

Shaukat lauds contribution of expatriates in development

Prime Minister Shaukat Aziz on Tuesday lauded the contribution by overseas Pakistanis in the socio-economic development of their motherland and urged them to benefit from the excellent investment opportunities in the country.
Published 21 Dec, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Kinnow export to Iran resumes after 26 years

Kinnow export to Iran resumes after 26 years

Pakistan recaptured the Iranian market for its kinnow export after 26 years suspension of export of this item to the neighbouring country when the first consignment left for Iran a day earlier.
Published 21 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 Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Kinnow export to Iran resumes after 26 years

Kinnow export to Iran resumes after 26 years

Pakistan recaptured the Iranian market for its kinnow export after 26 years suspension of export of this item to the neighbouring country when the first consignment left for Iran a day earlier.
Published 21 Dec, 2005 12:00am
Kinnow export to Iran resumes after 26 years

Kinnow export to Iran resumes after 26 years

Pakistan recaptured the Iranian market for its kinnow export after 26 years suspension of export of this item to the neighbouring country when the first consignment left for Iran a day earlier.
Published 21 Dec, 2005 12:00am
SCBA team meets Musharraf, offers support on dams

SCBA team meets Musharraf, offers support on dams

A Supreme Court Bar Association (SCBA) delegation on Tuesday offered its support and co-operation for the construction of dams and water reservoirs and to build consensus in this regard during their meeting with President Pervez Musharraf.
Published 21 Dec, 2005 12:00am
SCBA team meets Musharraf, offers support on dams

SCBA team meets Musharraf, offers support on dams

A Supreme Court Bar Association (SCBA) delegation on Tuesday offered its support and co-operation for the construction of dams and water reservoirs and to build consensus in this regard during their meeting with President Pervez Musharraf.
Published 21 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Banned Lashkar-e-Jhangvi man arrested

Banned Lashkar-e-Jhangvi man arrested

Security agencies have arrested the operations chief of banned Lashkar-e-Jhangvi (LJ) who was wanted for a spate of sectarian killings in the country, officials said Tuesday.
Published 21 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Banned Lashkar-e-Jhangvi man arrested

Banned Lashkar-e-Jhangvi man arrested

Security agencies have arrested the operations chief of banned Lashkar-e-Jhangvi (LJ) who was wanted for a spate of sectarian killings in the country, officials said Tuesday.
Published 21 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Employers' Federation launches Global Compact on December 22

Employers' Federation launches Global Compact on December 22

The Employers' Federation of Pakistan (EFP) looking into the future trade and business requirements and keeping in view the interest of employers of Pakistan is launching the "Global Compact - Pakistan" on December 22 in Karachi.
Published 21 Dec, 2005 12:00am
Reconstruction Forum to be hosted in US next month

Reconstruction Forum to be hosted in US next month

The US Chamber of Commerce and US-Pakistan Business Council in collaboration with the USAID will host a forum on January 12, 2006 in Washington for reconstruction of earthquake-hit areas in Pakistan.
Published 21 Dec, 2005 12:00am
Decision on F-16s by next year: Kasuri

Decision on F-16s by next year: Kasuri

Foreign minister Khurshid Mehmud Kasuri on Tuesday said Pakistan would take a final decision on the purchase of 61 F-i6 aircraft by next year, after studying needs reconstruction of quake-devastated areas and international assistance it has received.
Published 21 Dec, 2005 12:00am
ADB to provide $200 million for subprogram-2

ADB to provide $200 million for subprogram-2

Asian Development Bank will provide $200 million for subprogram-2 of the Punjab Resource Management Programme (PRMP) to improve fiscal and financial governance and public service delivery, leading to poverty reduction in Punjab.
Published 21 Dec, 2005 12:00am
ADB approves $300,000 for Bahawalpur rural uplift

ADB approves $300,000 for Bahawalpur rural uplift

The Asian Development Bank (ADB) has approved $300,000 Project Preparatory Technical Assistance (PPTA) for Bahawalpur Rural Development Project phase-II, aiming at augmenting income in the region.
Published 21 Dec, 2005 12:00am
World Bank asks NWFP government to promote private sector

World Bank asks NWFP government to promote private sector

The World Bank has asked the NWFP government to promote private sector through focusing on core functions to allow private sector to mature into the main source of employment and an active partner in the delivery of many services in education, health and
Published 21 Dec, 2005 12:00am
Mechanism to save growers from middleman stressed

Mechanism to save growers from middleman stressed

Director-general of agriculture extension Naeem Kurijo expressed his discontent over market committees' failure to provide tail-end connectivity to growers in disposing of their surplus produce.
Published 21 Dec, 2005 12:00am
Industrialists demand early completion of road

Industrialists demand early completion of road

Ferozepur Road Industrial Association (FRIA) has urged the government to immediately complete the repair work of Kasur-Lahore road project, and solve sewerage and water problem being faced by the industrial area.
Published 21 Dec, 2005 12:00am
Piaf seeks maintenance of law and order

Piaf seeks maintenance of law and order

Pakistan Industrial and Traders Associations Front (Piaf) Chairman, Muhammad Ali Mian, has urged the Chief Minister, Chaudhry Pervaiz Elahi and IG Punjab to take stringent measures for maintenance of law order.
Published 21 Dec, 2005 12:00am
Cotton output estimated at 12.7 million bales

Cotton output 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 21 Dec, 2005 12:00am
Government urged not to raise gas tariff

Government urged not to raise gas tariff

The acting president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Akbar Abdullah has urged President General Pervez Musharraf and Prime Minister Shaukat Aziz not to accept the recommendation of Oil and Gas Regulatory Authority (OGRA
Published 21 Dec, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Dec, 2005 12:00am
Leaders and experts oppose construction of Kalabagh Dam

Leaders and experts oppose construction of Kalabagh Dam

Technical experts, nationalist leaders from Sindh, Balochistan and NWFP and representatives of mainstream political parties at a national conference on Tuesday rejected Kalabagh dam and vowed to resist efforts to start construction of controversial water
Published 21 Dec, 2005 12:00am
Tata laid to rest

Tata laid to rest

Former president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Karachi Chamber of Commerce and Industry (KCCI) Riaz Ahmed Tata was laid to rest at Gizri graveyard on Tuesday.
Published 21 Dec, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Treasury bills auction today

Treasury bills auction today

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 21 Dec, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Dec, 2005 12:00am
Treasury bills auction today

Treasury bills auction today

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 21 Dec, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Dec, 2005 12:00am
Formation of Virtual Islamic Common Market suggested

Formation of Virtual Islamic Common Market suggested

The formation of a Virtual Islamic Common Market (VICM) and designing its information and security architecture has been recommended by a workshop held in Tehran here on Tuesday.
Published 21 Dec, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Work in city's five industrial zones in progress: Ibad

Work in city's five industrial zones in progress: Ibad

Sindh Governor Dr Ishrat-ul-Ibad Khan has assured President and office-bearers of the Karachi Chamber of Commerce and Industry of arranging their meeting with President Pervez Musharraf to discuss matters concerning growing production cost and other issue
Published 21 Dec, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 21 Dec, 2005 12:00am
Bringing services within GST ambit recommended

Bringing services within GST ambit recommended

Despite extending scope of general sales tax (GST) on import as well as local supply, a major handicap in the Constitution still exists whereby taxation of services is not a federal subject.
Published 21 Dec, 2005 12:00am
Need for more investment in human capital stressed

Need for more investment in human capital stressed

Increasing investment and improving institutional efficiency are the key tools to achieve higher rates of economic growth, but more investment in human capital can change the situation rapidly.
Published 21 Dec, 2005 12:00am
Senate body supports purchase of VVIP planes, SAAB aircraft

Senate body supports purchase of VVIP planes, SAAB aircraft

The Senate Standing Committee on Defence has supported the purchase of VVIP aeroplanes and SAAB aircraft with surveillance system from Sweden amid an opposition boycott and confusion over its recommendations.
Published 21 Dec, 2005 12:00am
Anti-Klabagh strike observed in Sindh

Anti-Klabagh strike observed in Sindh

Complete shutter-down strike was observed all over Sindh, except in Tharparkar and Sanghar districts and Hyderabad, Sukkur and Mirpurkhas cities, to protest against construction of Klabagh dam, according to reports reaching here from interior of the provi
Published 21 Dec, 2005 12:00am
Anti-Klabagh strike observed in Sindh

Anti-Klabagh strike observed in Sindh

Complete shutter-down strike was observed all over Sindh, except in Tharparkar and Sanghar districts and Hyderabad, Sukkur and Mirpurkhas cities, to protest against construction of Klabagh dam, according to reports reaching here from interior of the provi
Published 21 Dec, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (December 20, 2005).

Published 21 Dec, 2005 12:00am
Uniform construction by-laws to be enforced in Lahore towns

Uniform construction by-laws to be enforced in Lahore towns

The City District government (CDG) Lahore, on Tuesday has decided that sale of any building in the city would not be allowed without submission of completion certificate from the town administration concerned.
Published 21 Dec, 2005 12:00am
Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005

Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005

During the year under review, this relatively modest entity of engineering sector has been able to achieve excellent results in production and sales. To ensure continuity in business it has added new assets of substantial amount. Not only it is adding new
Published 21 Dec, 2005 12:00am
Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005

Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005

During the year under review, this relatively modest entity of engineering sector has been able to achieve excellent results in production and sales. To ensure continuity in business it has added new assets of substantial amount. Not only it is adding new
Published 21 Dec, 2005 12:00am
CDC branch opened in Faisalabad

CDC branch opened in Faisalabad

With the establishment of a branch of Central Depository Company (CDC) of Pakistan Limited here in the textile capital of Pakistan, Faisalabad will emerge as the Fourth biggest capital market centre in the county, after Karachi, Lahore and Islamabad, said
Published 21 Dec, 2005 12:00am
THE RUPEE: five paisa gain in interbank market

THE RUPEE: five paisa gain in interbank market

Strong supply of dollars raised the rupee's value in the interbank market on Tuesdays, with a gain of five paisa for buying and selling at 59.84 and 59.86, respectively.
Published 21 Dec, 2005 12:00am
CDC branch opened in Faisalabad

CDC branch opened in Faisalabad

With the establishment of a branch of Central Depository Company (CDC) of Pakistan Limited here in the textile capital of Pakistan, Faisalabad will emerge as the Fourth biggest capital market centre in the county, after Karachi, Lahore and Islamabad, said
Published 21 Dec, 2005 12:00am
THE RUPEE: five paisa gain in interbank market

THE RUPEE: five paisa gain in interbank market

Strong supply of dollars raised the rupee's value in the interbank market on Tuesdays, with a gain of five paisa for buying and selling at 59.84 and 59.86, respectively.
Published 21 Dec, 2005 12:00am
LHC accepts Wattoo's appeal

LHC accepts Wattoo's appeal

The Lahore High Court (LHC), while allowing an appeal, set aside the conviction awarded to former Chief Minister Punjab, Mian Manzoor Ahmed Wattoo and his co-accused Seema Naeem by an accountability court.
Published 21 Dec, 2005 12:00am
US MIDDAY: soya stays firm

US MIDDAY: soya stays firm

The Chicago Board of Trade soyabean market was volatile early on Tuesday, stabilising by mid-morning after an early technical rally, traders said.
Published 21 Dec, 2005 12:00am
World Bank chief's startling disclosures

World Bank chief's startling disclosures

While speaking at the National Press Club in Washington, the World Bank president cited Pakistan as 'an example for cutting the cost of trade and time' (9th December).
Published 21 Dec, 2005 12:00am
Gas connection

Gas connection

A few days back the Honourable Prime Minister of Pakistan Shaukat Aziz detailed the government's policy to expand the role of the Private Sector in Power Generation.
Published 21 Dec, 2005 12:00am
Highways Rehabilitation Project prepared

Highways Rehabilitation Project prepared

Federal Government has prepared a "Highways Rehabilitation Project", which will be completed with the total cost of 361.40 million dollar including foreign exchange component of 300 million dollar.
Published 21 Dec, 2005 12:00am
Knitwear makers threaten to shift business

Knitwear makers threaten to shift business

A large number of knitwear units and ready made garments would be forced to relocate to the neighbouring countries if the government does not grant incentive to manufacturers of exportable items, a spokesman for Pakistan Readymade Garments Association (PR
Published 21 Dec, 2005 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

New York gold futures were buoyant in early trade on Tuesday, with traders confident of further gains but wary of thin trading conditions in the last few sessions of 2005.
Published 21 Dec, 2005 12:00am
US MIDDAY: corn firmer

US MIDDAY: corn firmer

Corn futures at the Chicago Board of Trade were higher Tuesday morning on continued short covering by commodity funds, traders said.
Published 21 Dec, 2005 12:00am
US MIDDAY: cocoa rebounds

US MIDDAY: cocoa rebounds

US cocoa futures ended in positive territory Tuesday, reversing early weakness amid light industry and speculative buying in line with recovering cocoa prices in London, traders said.
Published 21 Dec, 2005 12:00am
US MIDDAY: sugar easier

US MIDDAY: sugar easier

Raw sugar prices settled lower Tuesday on speculative sales and profit-taking as the market retreated from near an 11-year high and brokers said the sweetener may drift right into the holiday weekend.
Published 21 Dec, 2005 12:00am
Nepalese Gurkha commandos winning hearts in Bosnia

Nepalese Gurkha commandos winning hearts in Bosnia

Serving as peacekeepers in Bosnia, Nepalese Gurkha troops are winning hearts as they collect weapons left over since the Balkan country's 1992-1995 war from often reluctant and stubborn locals.
Published 21 Dec, 2005 12:00am