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Print - 2006-04-21
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Al Qaeda man killed in Waziristan

Al Qaeda man killed in Waziristan

Security forces on Thursday shot dead a militant named by officials as an al Qaeda member believed to have escaped a US air strike in January. Officials, speaking on condition of anonymity, said the dead man was Abu Marwan, a Saudi Arabian.
Published 21 Apr, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Al Qaeda man killed in Waziristan

Al Qaeda man killed in Waziristan

Security forces on Thursday shot dead a militant named by officials as an al Qaeda member believed to have escaped a US air strike in January. Officials, speaking on condition of anonymity, said the dead man was Abu Marwan, a Saudi Arabian.
Published 21 Apr, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Bird flu detected in another town

Bird flu detected in another town

The bird flu virus seems to has gone out of control as the government has confirmed outbreak of another highly pathogenic H5N1 strain at two farms in Tarlai, a rural area of the federal capital.
Published 21 Apr, 2006 12:00am
Bird flu detected in another town

Bird flu detected in another town

The bird flu virus seems to has gone out of control as the government has confirmed outbreak of another highly pathogenic H5N1 strain at two farms in Tarlai, a rural area of the federal capital.
Published 21 Apr, 2006 12:00am
PICT Phase-II to be completed in June

PICT Phase-II to be completed in June

Second phase of the Pakistan International Container Terminal (PICT) would be completed in June this year at a cost of $17 million. After its completion, the terminal would handle about 400,000 Twenty Equivalent Units (TEUs) annually.
Published 21 Apr, 2006 12:00am
PICT Phase-II to be completed in June

PICT Phase-II to be completed in June

Second phase of the Pakistan International Container Terminal (PICT) would be completed in June this year at a cost of $17 million. After its completion, the terminal would handle about 400,000 Twenty Equivalent Units (TEUs) annually.
Published 21 Apr, 2006 12:00am
PICT Phase-II to be completed in June

PICT Phase-II to be completed in June

Second phase of the Pakistan International Container Terminal (PICT) would be completed in June this year at a cost of $17 million. After its completion, the terminal would handle about 400,000 Twenty Equivalent Units (TEUs) annually.
Published 21 Apr, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
OGDCL chief assumes additional charges

OGDCL chief assumes additional charges

OGDCL Board Chairman Arshad Nasar has also assumed the charge of managing director/chief executive, OGDCL from April 20. Arshad Nasar is an experienced professional and a leading figure of petroleum industry. He has the honour of becoming the first Pakist
Published 21 Apr, 2006 12:00am
General Sabahat takes over as POF chief

General Sabahat takes over as POF chief

Lieutenant General Sabahat Hussain has taken over as new Chairman of the Pakistan Ordnance Factories (POF) Wah here. He is 15th Chairman of the POF Board. Earlier, General Sabahat had been serving as Corps Commander Multan.
Published 21 Apr, 2006 12:00am
Petroleum dealers demand raise in margin

Petroleum dealers demand raise in margin

The Pakistan Petroleum Dealers Association on Thursday demanded of the government to increase 'dealers margin' from 4 percent to 5 percent as there is no change in fixed cost.
Published 21 Apr, 2006 12:00am
Prime Minister announces Rs 250 million package for Peshawar

Prime Minister announces Rs 250 million package for Peshawar

Prime Minister Shaukat Aziz on Thursday announced Rs 250 millions developmental package for the provincial metropolis. The amount would be spent on supplying gas and electricity to the residents of the city suburbs.
Published 21 Apr, 2006 12:00am
Prime Minister announces Rs 250 million package for Peshawar

Prime Minister announces Rs 250 million package for Peshawar

Prime Minister Shaukat Aziz on Thursday announced Rs 250 millions developmental package for the provincial metropolis. The amount would be spent on supplying gas and electricity to the residents of the city suburbs.
Published 21 Apr, 2006 12:00am
Prime Minister announces Rs 250 million package for Peshawar

Prime Minister announces Rs 250 million package for Peshawar

Prime Minister Shaukat Aziz on Thursday announced Rs 250 millions developmental package for the provincial metropolis. The amount would be spent on supplying gas and electricity to the residents of the city suburbs.
Published 21 Apr, 2006 12:00am
Wolfowitz names two deputies for World Bank

Wolfowitz names two deputies for World Bank

World Bank President Paul Wolfowitz has appointed two men, including a former finance minister of El Salvador, to be his top deputies, according to a notice circulated to the bank's board of directors.
Published 21 Apr, 2006 12:00am
Southwest and Continental revenue soars

Southwest and Continental revenue soars

Southwest Airlines Co and Continental Airlines on Thursday both reported double-digit quarterly revenue gains as planes flew full of passengers paying higher fares.
Published 21 Apr, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Southwest and Continental revenue soars

Southwest and Continental revenue soars

Southwest Airlines Co and Continental Airlines on Thursday both reported double-digit quarterly revenue gains as planes flew full of passengers paying higher fares.
Published 21 Apr, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 20, 2006).
Published 21 Apr, 2006 12:00am
Future of innovation at stake in Microsoft case

Future of innovation at stake in Microsoft case

Microsoft and its critics agree that the future of innovation is at stake when the US software giant challenges a landmark 2004 antitrust ruling next week before the European Union's second highest court.
Published 21 Apr, 2006 12:00am
Vivendi first quarter sales beat forecasts

Vivendi first quarter sales beat forecasts

Vivendi on Thursday posted a forecast-beating 5.7 percent rise in first-quarter sales, invigorated by strong performances by music artists such as Prince and online role-playing game World of Warcraft.
Published 21 Apr, 2006 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 Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Vivendi first quarter sales beat forecasts

Vivendi first quarter sales beat forecasts

Vivendi on Thursday posted a forecast-beating 5.7 percent rise in first-quarter sales, invigorated by strong performances by music artists such as Prince and online role-playing game World of Warcraft.
Published 21 Apr, 2006 12:00am
51 killed as bus falls into pond in India

51 killed as bus falls into pond in India

At least 51 people were killed on Thursday when a bus carrying a wedding party skidded off the road and slid into a pond in India's north-east, police said.
Published 21 Apr, 2006 12:00am
Bears dominate on ISE

Bears dominate on ISE

Bears dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Ten Index was minus by 12 points as the Ten Index moved from 3,444.25 to 3,432.25 points.
Published 21 Apr, 2006 12:00am
Bears dominate on ISE

Bears dominate on ISE

Bears dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Ten Index was minus by 12 points as the Ten Index moved from 3,444.25 to 3,432.25 points.
Published 21 Apr, 2006 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 Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Slow activity on LSE

Slow activity on LSE

Activity remained very slow on Lahore Stock Exchange (LSE), seemingly due to lacking interest on the part of potential players, especially from the institutions which resulted in lacklustre.
Published 21 Apr, 2006 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 Thursday (April 20, 2006).

Published 21 Apr, 2006 12:00am
Slow activity on LSE

Slow activity on LSE

Activity remained very slow on Lahore Stock Exchange (LSE), seemingly due to lacking interest on the part of potential players, especially from the institutions which resulted in lacklustre.
Published 21 Apr, 2006 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 Thursday (April 20, 2006).

Published 21 Apr, 2006 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 21 Apr, 2006 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 21 Apr, 2006 12:00am
Aslam Jafri appointed Federal Insurance Ombudsman

Aslam Jafri appointed Federal Insurance Ombudsman

The federal government has appointed former Justice S. Ali Aslam Jafri as Federal Insurance Ombudsman (FIO) for a four-year term, with office at Karachi, an official announcement said.
Published 21 Apr, 2006 12:00am
Aslam Jafri appointed Federal Insurance Ombudsman

Aslam Jafri appointed Federal Insurance Ombudsman

The federal government has appointed former Justice S. Ali Aslam Jafri as Federal Insurance Ombudsman (FIO) for a four-year term, with office at Karachi, an official announcement said.
Published 21 Apr, 2006 12:00am
Corrigendum

Corrigendum

The period mentioned in a report titled "FNE posts tremendous growth in first quarter" should have been the third quarter ended on March 31, instead of first quarter inadvertently published in Business Recorder on April 20, 2006.
Published 21 Apr, 2006 12:00am
Aslam Jafri appointed Federal Insurance Ombudsman

Aslam Jafri appointed Federal Insurance Ombudsman

The federal government has appointed former Justice S. Ali Aslam Jafri as Federal Insurance Ombudsman (FIO) for a four-year term, with office at Karachi, an official announcement said.
Published 21 Apr, 2006 12:00am
Corrigendum

Corrigendum

The period mentioned in a report titled "FNE posts tremendous growth in first quarter" should have been the third quarter ended on March 31, instead of first quarter inadvertently published in Business Recorder on April 20, 2006.
Published 21 Apr, 2006 12:00am
BRIndex30 up by 0.48 percent

BRIndex30 up by 0.48 percent

BRIndex30 saw a gain of 63.69 or 0.48 percent with a high of 13,373.90 and a low of 13,201.74 before closing at 13,254.23. The volume amounted to 253,130,200, which is 83.64 percent of the total market and 93.50 percent of KSE-100 index.
Published 21 Apr, 2006 12:00am
Eurozone inflation falls

Eurozone inflation falls

Inflation in the eurozone eased as expected in March as energy prices grew at a slower annual pace, data showed on Thursday, but economists still expect the European Central Bank to raise rates in June.
Published 21 Apr, 2006 12:00am
BRIndex30 up by 0.48 percent

BRIndex30 up by 0.48 percent

BRIndex30 saw a gain of 63.69 or 0.48 percent with a high of 13,373.90 and a low of 13,201.74 before closing at 13,254.23. The volume amounted to 253,130,200, which is 83.64 percent of the total market and 93.50 percent of KSE-100 index.
Published 21 Apr, 2006 12:00am
UK inflation eases to slowest in year

UK inflation eases to slowest in year

British inflation eased to the slowest pace in over a year in March, but the fall is unlikely to persuade the Bank of England to veer from its steady course on interest rates amid soaring utility bills and oil prices.
Published 21 Apr, 2006 12:00am
SCRAs decline to $374 million

SCRAs decline to $374 million

Balances in Special Convertible Rupee Accounts (SCRAs) dipped to 3-month low at $374 million as on April 18. This was revealed in the latest up-date of economic data.
Published 21 Apr, 2006 12:00am
Sony cuts US PlayStation 2 price

Sony cuts US PlayStation 2 price

Sony Corp on Thursday said it cut the US price of its popular PlayStation 2 video game console by about 13 percent, saying the discount should help fuel demand.
Published 21 Apr, 2006 12:00am
SCRAs decline to $374 million

SCRAs decline to $374 million

Balances in Special Convertible Rupee Accounts (SCRAs) dipped to 3-month low at $374 million as on April 18. This was revealed in the latest up-date of economic data.
Published 21 Apr, 2006 12:00am
Intel net falls 38 percent

Intel net falls 38 percent

Intel Corp on Wednesday posted a 38 percent fall in quarterly profit and cut its annual revenue forecast, but said it had stopped losing market share to rival Advanced Micro Devices Inc.
Published 21 Apr, 2006 12:00am
SCRAs decline to $374 million

SCRAs decline to $374 million

Balances in Special Convertible Rupee Accounts (SCRAs) dipped to 3-month low at $374 million as on April 18. This was revealed in the latest up-date of economic data.
Published 21 Apr, 2006 12:00am
Intel net falls 38 percent

Intel net falls 38 percent

Intel Corp on Wednesday posted a 38 percent fall in quarterly profit and cut its annual revenue forecast, but said it had stopped losing market share to rival Advanced Micro Devices Inc.
Published 21 Apr, 2006 12:00am
KSE index posts fresh gains

KSE index posts fresh gains

After two days of consecutive negative closing, the KSE-100 Index on Thursday managed to post fresh gains due to splendid performance in the banking sector.
Published 21 Apr, 2006 12:00am
Nokia results beat expectations

Nokia results beat expectations

Mobile phone giant Nokia reported January-March earnings and sales above expectations on Thursday, boosted by strong demand for handsets around the world, sending its shares sharply higher.
Published 21 Apr, 2006 12:00am
KSE index posts fresh gains

KSE index posts fresh gains

After two days of consecutive negative closing, the KSE-100 Index on Thursday managed to post fresh gains due to splendid performance in the banking sector.
Published 21 Apr, 2006 12:00am
Nokia results beat expectations

Nokia results beat expectations

Mobile phone giant Nokia reported January-March earnings and sales above expectations on Thursday, boosted by strong demand for handsets around the world, sending its shares sharply higher.
Published 21 Apr, 2006 12:00am
KSE index posts fresh gains

KSE index posts fresh gains

After two days of consecutive negative closing, the KSE-100 Index on Thursday managed to post fresh gains due to splendid performance in the banking sector.
Published 21 Apr, 2006 12:00am
General Motors posts narrower loss

General Motors posts narrower loss

General Motors Corp on Thursday posted its sixth straight quarterly loss as it took more than $1 billion in restructuring-related charges, but the company's stock shot higher as investors reacted to signs the automaker's turnaround was gaining traction.
Published 21 Apr, 2006 12:00am
Pakistan to attend World Bank-IMF meetings

Pakistan to attend World Bank-IMF meetings

Adviser to the Prime Minister on Finance and Economic Affairs Dr Salman Shah will lead a high powered Pakistan delegation in important annual World Bank/IMF spring meetings here on April 22-23.
Published 21 Apr, 2006 12:00am
General Motors posts narrower loss

General Motors posts narrower loss

General Motors Corp on Thursday posted its sixth straight quarterly loss as it took more than $1 billion in restructuring-related charges, but the company's stock shot higher as investors reacted to signs the automaker's turnaround was gaining traction.
Published 21 Apr, 2006 12:00am
Pakistan to attend World Bank-IMF meetings

Pakistan to attend World Bank-IMF meetings

Adviser to the Prime Minister on Finance and Economic Affairs Dr Salman Shah will lead a high powered Pakistan delegation in important annual World Bank/IMF spring meetings here on April 22-23.
Published 21 Apr, 2006 12:00am
Rato to propose adhoc IMF quota increases

Rato to propose adhoc IMF quota increases

International Monetary Fund chief Rodrigo Rato said on Thursday he will this weekend propose adhoc increases in the quotas paid to the IMF by some emerging economic powers, changes that will help boost voting rights of these countries at the Fund.
Published 21 Apr, 2006 12:00am
Pakistan to attend World Bank-IMF meetings

Pakistan to attend World Bank-IMF meetings

Adviser to the Prime Minister on Finance and Economic Affairs Dr Salman Shah will lead a high powered Pakistan delegation in important annual World Bank/IMF spring meetings here on April 22-23.
Published 21 Apr, 2006 12:00am
Wall Street flocks to London's more open markets

Wall Street flocks to London's more open markets

New York tops the rankings as one of the world's big financial centres, but now London, with free-wheeling and open markets, could upstage the United States, where stiff regulation has given foreign investors cold feet.
Published 21 Apr, 2006 12:00am
Steel industry proposes fixed sales tax on imports

Steel industry proposes fixed sales tax on imports

The steel industry has proposed imposition of fixed sales tax on the import of scrap, billet and bars. The proposed sale tax rates are Rs 1,500 on scrap, Rs 3,000 on billet and Rs 4,500 on bars.
Published 21 Apr, 2006 12:00am
Chinese economy shows no let-up in first quarter

Chinese economy shows no let-up in first quarter

China's annual economic growth picked up to 10.2 percent in the first quarter, strengthening the case for measures to prevent overheating, possibly including a quicker rise in the yuan.
Published 21 Apr, 2006 12:00am
Steel industry proposes fixed sales tax on imports

Steel industry proposes fixed sales tax on imports

The steel industry has proposed imposition of fixed sales tax on the import of scrap, billet and bars. The proposed sale tax rates are Rs 1,500 on scrap, Rs 3,000 on billet and Rs 4,500 on bars.
Published 21 Apr, 2006 12:00am
EU doubts WTO April deal, envoys try to save face

EU doubts WTO April deal, envoys try to save face

The European Union on Thursday all but admitted that global trade negotiations would not meet an end-April deadline for a key deal as trade diplomats tried to soften the blow of their latest failure.
Published 21 Apr, 2006 12:00am
Steel industry proposes fixed sales tax on imports

Steel industry proposes fixed sales tax on imports

The steel industry has proposed imposition of fixed sales tax on the import of scrap, billet and bars. The proposed sale tax rates are Rs 1,500 on scrap, Rs 3,000 on billet and Rs 4,500 on bars.
Published 21 Apr, 2006 12:00am
Russia approves more rouble borrowing

Russia approves more rouble borrowing

Russia's government on Thursday approved a 3-year state borrowing programme for 2007-2009, which sees a larger share of domestic debt in Russia's portfolio.
Published 21 Apr, 2006 12:00am
Government borrowing shrinks to Rs 43 billion

Government borrowing shrinks to Rs 43 billion

Net government borrowings during the week ended April 1 squeezed to Rs 43 billion from Rs 128 billion the previous week while private sector borrowings surged to Rs 353 billion from Rs 340 billion a week ago. This was revealed by the SBP update of the mon
Published 21 Apr, 2006 12:00am
British Airways slashes Europe fares

British Airways slashes Europe fares

British Airways (BA) slashed fares by up to 50 percent to more than 65 European destinations on Thursday, stepping up its battle with budget carriers such as Ryanair.
Published 21 Apr, 2006 12:00am
Government borrowing shrinks to Rs 43 billion

Government borrowing shrinks to Rs 43 billion

Net government borrowings during the week ended April 1 squeezed to Rs 43 billion from Rs 128 billion the previous week while private sector borrowings surged to Rs 353 billion from Rs 340 billion a week ago. This was revealed by the SBP update of the mon
Published 21 Apr, 2006 12:00am
US leading indicators slip, jobs stay solid

US leading indicators slip, jobs stay solid

A measure of US economic activity slipped for a second straight month in March, hinting at slower growth through the summer, although separate figures on Thursday pointed to continued strength in the labour market.
Published 21 Apr, 2006 12:00am
Government borrowing shrinks to Rs 43 billion

Government borrowing shrinks to Rs 43 billion

Net government borrowings during the week ended April 1 squeezed to Rs 43 billion from Rs 128 billion the previous week while private sector borrowings surged to Rs 353 billion from Rs 340 billion a week ago. This was revealed by the SBP update of the mon
Published 21 Apr, 2006 12:00am
Morocco licenses import of EU wheat

Morocco licenses import of EU wheat

Morocco's state grain agency ONICL said on Thursday it awarded licences to import 95,000 tonnes of European Union milling wheat. ONICL's tender had closed on Tuesday for bids for licences to import 115,000 tonnes of milling wheat.
Published 21 Apr, 2006 12:00am
Eight troops killed in Waziristan ambush

Eight troops killed in Waziristan ambush

Militants ambushed a convoy of troops on Thursday, killing seven and wounding 22 in the deadliest attack for months in North Waziristan, officials said.
Published 21 Apr, 2006 12:00am