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Print - 2005-12-31
Energy security critical to development: Shaukat

Energy security critical to development: Shaukat

Underscoring the need to enhance energy resources of the country at a fast pace to meet growing requirements, Prime Minister Shaukat Aziz on Friday said the government plans to produce 8,800MW nuclear energy in the next 23 years.
Published 31 Dec, 2005 12:00am
Jamshoro Venture rating upgraded

Jamshoro Venture rating upgraded

JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long term entity ratings of Jamshoro Joint Venture Limited (JJVL) to ''''A'''' (Single A) from ''''BBB+'''' (Triple B Plus) and short-term entity ratings to ''''A 2'''' (Single A T
Published 31 Dec, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 30, 2005).

Published 31 Dec, 2005 12:00am
Jamshoro Venture rating upgraded

Jamshoro Venture rating upgraded

JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long term entity ratings of Jamshoro Joint Venture Limited (JJVL) to ''A'' (Single A) from ''BBB+'' (Triple B Plus) and short-term entity ratings to ''A 2'' (Single A Two) from ''A
Published 31 Dec, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 30, 2005).
Published 31 Dec, 2005 12:00am
Jamshoro Venture rating upgraded

Jamshoro Venture rating upgraded

JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long term entity ratings of Jamshoro Joint Venture Limited (JJVL) to 'A' (Single A) from 'BBB+' (Triple B Plus) and short-term entity ratings to 'A 2' (Single A Two) from 'A 3' (Si
Published 31 Dec, 2005 12:00am
Jamshoro Venture rating upgraded

Jamshoro Venture rating upgraded

JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long term entity ratings of Jamshoro Joint Venture Limited (JJVL) to 'A' (Single A) from 'BBB+' (Triple B Plus) and short-term entity ratings to 'A 2' (Single A Two) from 'A 3' (Si
Published 31 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 30, 2005).

Published 31 Dec, 2005 12:00am
One killed in Dera Bugti clash

One killed in Dera Bugti clash

Troops fired on armed tribesman who attacked a check-post in Dera Bugti on Friday, killing one person and injuring seven others, a local official said.
Published 31 Dec, 2005 12:00am
One killed in Dera Bugti clash

One killed in Dera Bugti clash

Troops fired on armed tribesman who attacked a check-post in Dera Bugti on Friday, killing one person and injuring seven others, a local official said.
Published 31 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 30, 2005).

Published 31 Dec, 2005 12:00am
SBP accepts Rs 9.5 billion bids for market treasury bills

SBP accepts Rs 9.5 billion bids for market treasury bills

State Bank of Pakistan on Friday accepted bids of Rs 9.5 billion for market treasury bills (MTBs) at a rate of 7 percent against the offers of Rs 15.650 billion through its repo sale (Open Market Operation).
Published 31 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 30, 2005).

Published 31 Dec, 2005 12:00am
SBP accepts Rs 9.5 billion bids for market treasury bills

SBP accepts Rs 9.5 billion bids for market treasury bills

State Bank of Pakistan on Friday accepted bids of Rs 9.5 billion for market treasury bills (MTBs) at a rate of 7 percent against the offers of Rs 15.650 billion through its repo sale (Open Market Operation).
Published 31 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 30, 2005).

Published 31 Dec, 2005 12:00am
SBP accepts Rs 9.5 billion bids for market treasury bills

SBP accepts Rs 9.5 billion bids for market treasury bills

State Bank of Pakistan on Friday accepted bids of Rs 9.5 billion for market treasury bills (MTBs) at a rate of 7 percent against the offers of Rs 15.650 billion through its repo sale (Open Market Operation).
Published 31 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 31 Dec, 2005 12:00am
SBP accepts Rs 9.5 billion bids for market treasury bills

SBP accepts Rs 9.5 billion bids for market treasury bills

State Bank of Pakistan on Friday accepted bids of Rs 9.5 billion for market treasury bills (MTBs) at a rate of 7 percent against the offers of Rs 15.650 billion through its repo sale (Open Market Operation).
Published 31 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 31 Dec, 2005 12:00am
'Consensus vital to construct Kalabagh Dam'

'Consensus vital to construct Kalabagh Dam'

Kalabagh dam issue was now in the court of General Pervez Musharraf and it would be interesting to see how he handles this issue; however, consensus in the four provinces was vital before the start of construction.
Published 31 Dec, 2005 12:00am
SECP clarification

SECP clarification

Securities and Exchange Commission of Pakistan (SECP) has clarified that number of companies incorporated by SECP from July 1, 2005 up till now was 2,481 and out of those 93 were single member companies.
Published 31 Dec, 2005 12:00am
BRIDGE NOTES: Data Steel won Younus Suriya contest in style

BRIDGE NOTES: Data Steel won Younus Suriya contest in style

Younus Suriya Memorial Bridge Tournament is one of the major events of the Karachi Club during the calendar year. The bridge event of Karachi Club was also the last valedictory engagement for the year 2005.
Published 31 Dec, 2005 12:00am
SECP clarification

SECP clarification

Securities and Exchange Commission of Pakistan (SECP) has clarified that number of companies incorporated by SECP from July 1, 2005 up till now was 2,481 and out of those 93 were single member companies.
Published 31 Dec, 2005 12:00am
SPORTS WORLD: Consolation win for England in last ODI

SPORTS WORLD: Consolation win for England in last ODI

It was a consolation victory for England in the fifth and last one-dayer at the Rawalpindi Stadium by a narrow margin of six runs though one thought that with more effort the target of 207 set by the visitors may have been achieved. The final score of the
Published 31 Dec, 2005 12:00am
SECP clarification

SECP clarification

Securities and Exchange Commission of Pakistan (SECP) has clarified that number of companies incorporated by SECP from July 1, 2005 up till now was 2,481 and out of those 93 were single member companies.
Published 31 Dec, 2005 12:00am
SPORTS WORLD: A fifth placement in hockey is too bad

SPORTS WORLD: A fifth placement in hockey is too bad

It was difficult for the combating outfits in the 27th edition of the Champions Trophy to display the mobility and precise movements when the Polyton turf had been drenched by rain, yet Australia exhibited the essence of speed and power to deflate the cha
Published 31 Dec, 2005 12:00am
Arif Habib rating maintained

Arif Habib rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the asset manager rating of Arif Habib Investment Management Limited (AHIML) at 'AM2'.
Published 31 Dec, 2005 12:00am
TV channels fail to defend values

TV channels fail to defend values

Various forms of media have influenced our society. These presentations do not imitate real life. Today's media do not project the demands of daily life and responsible living. Our youths thereby have a superficial and inaccurate perception of reality.
Published 31 Dec, 2005 12:00am
Arif Habib rating maintained

Arif Habib rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the asset manager rating of Arif Habib Investment Management Limited (AHIML) at 'AM2'.
Published 31 Dec, 2005 12:00am
PSDP projects'' review report in mid-January

PSDP projects'' review report in mid-January

Projects monitoring teams of Planning Commission will submit their reports on progress of the various projects under Public Sector Development Programme (PSDP) in the second week of January.
Published 31 Dec, 2005 12:00am
Forklifting of the vehicles

Forklifting of the vehicles

Car parking in the busy business centers and near government offices where public dealings take place is becoming difficult and people are obliged to park their cars at desolate places. There are many streets that have been declared as no parking areas by
Published 31 Dec, 2005 12:00am
PSDP projects' review report in mid-January

PSDP projects' review report in mid-January

Projects monitoring teams of Planning Commission will submit their reports on progress of the various projects under Public Sector Development Programme (PSDP) in the second week of January.
Published 31 Dec, 2005 12:00am
What has gone wrong with film music?

What has gone wrong with film music?

After the screening of the first sound motion picture in Bombay in March 1932 a new genre of melodic arts - film music - began taking shape. In the beginning, theatre music with classical moorings was used for sound effects and composition of songs, which
Published 31 Dec, 2005 12:00am
PSDP projects' review report in mid-January

PSDP projects' review report in mid-January

Projects monitoring teams of Planning Commission will submit their reports on progress of the various projects under Public Sector Development Programme (PSDP) in the second week of January.
Published 31 Dec, 2005 12:00am
BOOK REVIEW: Muntakhab Aalami Afsanay

BOOK REVIEW: Muntakhab Aalami Afsanay

Qaisaer Saleem is a veteran and known fiction writer. He is a busy penman and constantly creating short stories, novels, satiric essays as well as doing translation. Qaiser Saleem has written eight novels and has two collections of short stories to his cr
Published 31 Dec, 2005 12:00am
Issing urges strict use of reformed EU budget rules

Issing urges strict use of reformed EU budget rules

European Central Bank Chief Economist Otmar Issing was quoted on Friday urging European Union governments to strictly apply the bloc's reformed rules on budget deficits in the cases of Germany, France and Greece.
Published 31 Dec, 2005 12:00am
LAHORE CULTURAL DIARY: A week of remembrances

LAHORE CULTURAL DIARY: A week of remembrances

Three renowned personalities, who have been integral to the creation of Pakistan, its projection at the United Nations and flowering of melodic culture of the country were paid rich tributes during this past week.
Published 31 Dec, 2005 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to show healthy signs amid increase in index. ISE network index was plus by 62.38 points as the price-based indicator moved from 12,983.01 to 13,045.39 points.
Published 31 Dec, 2005 12:00am
Major causes of morbidity world-wide

Major causes of morbidity world-wide

Cardiovascular disorders, hypertension, stroke, diabetes and myocardial infraction, Pulmonary or lung diseases are the leading causes of morbidity and mortality world-wide.
Published 31 Dec, 2005 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to show healthy signs amid increase in index. ISE network index was plus by 62.38 points as the price-based indicator moved from 12,983.01 to 13,045.39 points.
Published 31 Dec, 2005 12:00am
Asthma control in dusty Karachi

Asthma control in dusty Karachi

Karachi is dusty these days. Trees alongside the roads are dry and parched. Foliage has turned black and laden with soot. A few trees that blossom in winter are in gloominess. Many seem to have spiritless souls and give a wilted look.
Published 31 Dec, 2005 12:00am
Fresh buying pushes up LSE index

Fresh buying pushes up LSE index

Fresh buying interest in banking stocks and cement sector put the local share market on an upward path on last trading day of the week and the year 2005, with the index gaining 0.64 percent while turnover 35.36 percent at the close.
Published 31 Dec, 2005 12:00am
CAPITAL CULTURAL SCENE: Performance by Trio Quark

CAPITAL CULTURAL SCENE: Performance by Trio Quark

The cultural activities are in full swing as the end of the year approaches. The bright, sunny weather is persisting despite met office forecast of rains after the December 20th.
Published 31 Dec, 2005 12:00am
Fresh buying pushes up LSE index

Fresh buying pushes up LSE index

Fresh buying interest in banking stocks and cement sector put the local share market on an upward path on last trading day of the week and the year 2005, with the index gaining 0.64 percent while turnover 35.36 percent at the close.
Published 31 Dec, 2005 12:00am
Cancer update

Cancer update

No plastics in microwave. No plastic water bottles in freezer. No plastic wrap in microwave. Johns Hopkins has recently sent this out in their newsletters worth, noting...
Published 31 Dec, 2005 12:00am
PAF technician hanged

PAF technician hanged

A Pakistan Air Force technician was hanged on Friday after being convicted of killing six colleagues more than three years ago. Nasir Ali Bangash was executed in a jail at Mianwali after a trial in a military court, prison authorities said.
Published 31 Dec, 2005 12:00am
PAF technician hanged

PAF technician hanged

A Pakistan Air Force technician was hanged on Friday after being convicted of killing six colleagues more than three years ago. Nasir Ali Bangash was executed in a jail at Mianwali after a trial in a military court, prison authorities said.
Published 31 Dec, 2005 12:00am
CURRENT TOPICS: Iran's stand on nuclear-technology

CURRENT TOPICS: Iran's stand on nuclear-technology

Friends, as well as the foes of Iran, are aghast at the rigid stance Iran has adopted in the matter of the nuclear discord. No one can question Iran's inherent right to develop nuclear technology for peaceful purposes. What the international community and
Published 31 Dec, 2005 12:00am
Stocks close year on positive note

Stocks close year on positive note

The share market, on its last trading session of 2005, closed with handsome gains as the trend-setters witnessed a rally, which helped the index to end with 59.26 points rise, despite the fact that some investors had adopted cautious approach because of t
Published 31 Dec, 2005 12:00am
M&E: powerhouse of high performance organisations

M&E: powerhouse of high performance organisations

The monitoring and evaluation (M&E) is a management discipline that is used to enhance organisational performance for the ultimate goal of serving clients to their satisfaction through optimal use of resources; thus keeping the organisation competitive, e
Published 31 Dec, 2005 12:00am
Stocks close year on positive note

Stocks close year on positive note

The share market, on its last trading session of 2005, closed with handsome gains as the trend-setters witnessed a rally, which helped the index to end with 59.26 points rise, despite the fact that some investors had adopted cautious approach because of t
Published 31 Dec, 2005 12:00am
Hajj: Climax of spiritual discipline

Hajj: Climax of spiritual discipline

"For the Hajj are the months well known. If any one undertakes that duty therein, let there be no obscenity, nor wickedness, nor wrangling in the Hajj: And whatever good ye do, (be sure) God knoweth it. And take a provision (with you) for the journey, but
Published 31 Dec, 2005 12:00am
Stocks close year on positive note

Stocks close year on positive note

The share market, on its last trading session of 2005, closed with handsome gains as the trend-setters witnessed a rally, which helped the index to end with 59.26 points rise, despite the fact that some investors had adopted cautious approach because of t
Published 31 Dec, 2005 12:00am
Corn futures fall amid overbought

Corn futures fall amid overbought

Corn futures at the Chicago Board of Trade closed lower on Thursday on a setback amid overbought technical signals and on spillover selling from a break in soya, traders said.
Published 31 Dec, 2005 12:00am
Zilhij moon to be sighted on January 1

Zilhij moon to be sighted on January 1

The Zilhij moon will be sighted tomorrow (Sunday). Zilhij One, 1426 AH, will thus fall on Monday. According to astronomical parameters there is a very good chance of sighting the Zilhij moon tomorrow.
Published 31 Dec, 2005 12:00am
'Argentina soyabean and corn need more rains'

'Argentina soyabean and corn need more rains'

Despite recent rains in some of Argentina's driest areas, more water is needed in much of the main farming region to ensure good soyabean and corn yields, the Agriculture Secretariat said late Thursday.
Published 31 Dec, 2005 12:00am
Zilhij moon to be sighted on January 1

Zilhij moon to be sighted on January 1

The Zilhij moon will be sighted tomorrow (Sunday). Zilhij One, 1426 AH, will thus fall on Monday. According to astronomical parameters there is a very good chance of sighting the Zilhij moon tomorrow.
Published 31 Dec, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 87,341 tonnes of cargo including 43,566 tonnes import and 43,775 tonnes export cargo including 3,576 containers during last 24 hours ending at 0700 hours on Friday.
Published 31 Dec, 2005 12:00am
CBR to simplify perquisites calculation

CBR to simplify perquisites calculation

The Central Board of Revenue (CBR) has started an exercise to simplify the income tax procedure for calculation of perquisites and allowances available to employees working in government and private sector.
Published 31 Dec, 2005 12:00am
Tunisia's olive oil exports fall

Tunisia's olive oil exports fall

Tunisia's exports of olive oil fell 165.6 percent to 96,900 tonnes for the first 11 months of this year as output shrank, official figures showed on Friday.
Published 31 Dec, 2005 12:00am
CBR to simplify perquisites calculation

CBR to simplify perquisites calculation

The Central Board of Revenue (CBR) has started an exercise to simplify the income tax procedure for calculation of perquisites and allowances available to employees working in government and private sector.
Published 31 Dec, 2005 12:00am
South African maize prices ease as rain falls

South African maize prices ease as rain falls

South African white maize prices fell almost four percent on Friday as heavy rains fell over some of the country's grain belt, easing further away from 22-month highs scaled earlier in the week.
Published 31 Dec, 2005 12:00am
CBR to simplify perquisites calculation

CBR to simplify perquisites calculation

The Central Board of Revenue (CBR) has started an exercise to simplify the income tax procedure for calculation of perquisites and allowances available to employees working in government and private sector.
Published 31 Dec, 2005 12:00am
US Midwest corn weaker, soyabean firmer

US Midwest corn weaker, soyabean firmer

Spot basis bids for corn were lower in the US Midwest on Friday amid ample supplies and warm weather cutting into feed demand, while soyabeans were firm, dealers said.
Published 31 Dec, 2005 12:00am
OGDCL LPG sale to Polgas questioned

OGDCL LPG sale to Polgas questioned

The Oil and Gas Development Company Limited (OGDCL) is unlawfully selling liquefied petroleum gas (LPG) to Polgas, a subsidiary of Pakistan Oilfields, from Adhi and Pandori fields since 2000, it was learnt here on Thursday.
Published 31 Dec, 2005 12:00am
FOB Gulf corn higher, soya steady

FOB Gulf corn higher, soya steady

US FOB Gulf corn offers were higher on Thursday amid some export interest in smaller cargoes, while soyabeans were steady in a quiet market. Traders said offers for hard and soft red winter wheat were mostly steady with little demand ahead of the New Year
Published 31 Dec, 2005 12:00am
OGDCL LPG sale to Polgas questioned

OGDCL LPG sale to Polgas questioned

The Oil and Gas Development Company Limited (OGDCL) is unlawfully selling liquefied petroleum gas (LPG) to Polgas, a subsidiary of Pakistan Oilfields, from Adhi and Pandori fields since 2000, it was learnt here on Thursday.
Published 31 Dec, 2005 12:00am
Zambia's November copper output up

Zambia's November copper output up

Zambia's copper output rose 7.6 percent to 402,983 tonnes in November 2005 compared with output for the same month last year, the central bank said on Friday.
Published 31 Dec, 2005 12:00am
OGDCL LPG sale to Polgas questioned

OGDCL LPG sale to Polgas questioned

The Oil and Gas Development Company Limited (OGDCL) is unlawfully selling liquefied petroleum gas (LPG) to Polgas, a subsidiary of Pakistan Oilfields, from Adhi and Pandori fields since 2000, it was learnt here on Thursday.
Published 31 Dec, 2005 12:00am
Fiscal Year 2006 targets hard but achievable

Fiscal Year 2006 targets hard but achievable

The State Bank of Pakistan (SBP) has predicted a healthy scenario for the country''''s economy during FY06 compared to last year despite a slight retardation in the real GDP growth.
Published 31 Dec, 2005 12:00am
Oil cake market rates

Oil cake market rates

Prices moved both ways in the forward cottonseed oilcake market on Friday as some needy buyers bought few lots to cover the immediate needs, they said.
Published 31 Dec, 2005 12:00am
Fiscal Year 2006 targets hard but achievable

Fiscal Year 2006 targets hard but achievable

The State Bank of Pakistan (SBP) has predicted a healthy scenario for the country''s economy during FY06 compared to last year despite a slight retardation in the real GDP growth.
Published 31 Dec, 2005 12:00am
Fiscal Year 2006 targets hard but achievable

Fiscal Year 2006 targets hard but achievable

The State Bank of Pakistan (SBP) has predicted a healthy scenario for the country's economy during FY06 compared to last year despite a slight retardation in the real GDP growth.
Published 31 Dec, 2005 12:00am
Steady trend seen on grain market

Steady trend seen on grain market

Firm trend was seen on the grain market on Friday as al most all commodities maintained the overnight levels in the absence of proper enquiries by the buyers, dealers said.
Published 31 Dec, 2005 12:00am
Fiscal Year 2006 targets hard but achievable

Fiscal Year 2006 targets hard but achievable

The State Bank of Pakistan (SBP) has predicted a healthy scenario for the country's economy during FY06 compared to last year despite a slight retardation in the real GDP growth.
Published 31 Dec, 2005 12:00am
MGE wheat mostly lower

MGE wheat mostly lower

Spring wheat futures on the Minneapolis Grain Exchange were lower on Thursday in a technical setback from Wednesday's climb to near contract highs, traders said.
Published 31 Dec, 2005 12:00am
CPI inflation projected at 7.5-8.5 percent

CPI inflation projected at 7.5-8.5 percent

The State Bank of Pakistan (SBP) on Friday in its first Quarterly Report for FY 2006 projected that the most realistic measure of inflation, the Consumer Price Index (CPI), will remain within the range of 7.5 to 8.5 percent by the end June 2006.
Published 31 Dec, 2005 12:00am
New York cocoa settles at 3-1/2-month high

New York cocoa settles at 3-1/2-month high

US benchmark cocoa futures prices rose two percent to a 3-1/2-month high on Thursday on fund and speculative buying amid light producer sales and bullish technical signals on the price charts, traders said.
Published 31 Dec, 2005 12:00am
CPI inflation projected at 7.5-8.5 percent

CPI inflation projected at 7.5-8.5 percent

The State Bank of Pakistan (SBP) on Friday in its first Quarterly Report for FY 2006 projected that the most realistic measure of inflation, the Consumer Price Index (CPI), will remain within the range of 7.5 to 8.5 percent by the end June 2006.
Published 31 Dec, 2005 12:00am
New York coffee mixed after speculators take profit

New York coffee mixed after speculators take profit

US coffee futures settled narrowly mixed Thursday, with speculators taking small profits after driving prices up to their loftiest levels in more than a month, traders said.
Published 31 Dec, 2005 12:00am
CPI inflation projected at 7.5-8.5 percent

CPI inflation projected at 7.5-8.5 percent

The State Bank of Pakistan (SBP) on Friday in its first Quarterly Report for FY 2006 projected that the most realistic measure of inflation, the Consumer Price Index (CPI), will remain within the range of 7.5 to 8.5 percent by the end June 2006.
Published 31 Dec, 2005 12:00am