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Print - 2006-05-05
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 May, 2006 12:00am
Heat stroke can cause instant death

Heat stroke can cause instant death

Heat stroke is life threatening; and if immediate medical cover is not provided to the victim, death can occur, in case body temperature of victim rises above 100 degrees F.
Published 05 May, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 May, 2006 12:00am
Singapore firm to help develop KCIP project

Singapore firm to help develop KCIP project

A Singapore has agreed to help develop the master plan and design concept for the Korangi Creek Industrial Park (KCIP) project. An agreement was signed between National Industrial Parks Development and Management Company (NIP) and Jurong Consultants (Pte)
Published 05 May, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 May, 2006 12:00am
Jatoi warns against unannounced loadshedding

Jatoi warns against unannounced loadshedding

Water and Power Minister Liaqat Ali Jatoi said on Thursday the country has sufficient electricity to meet the needs of consumers and action would be taken against unannounced load-shedding. In an interview to a private television channel, he said a huge i
Published 05 May, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (May 04, 2006).

Published 05 May, 2006 12:00am
Nadra to launch vehicle tracking system

Nadra to launch vehicle tracking system

National Database and Registration Authority (Nadra) will soon introduce vehicle identification and tracking system to control theft cases, Nadra Director General Brigadier (Retd) M. Zubair Ahmad said on Thursday.
Published 05 May, 2006 12:00am
Sino-Pak talks on five-year trade cooperation next week

Sino-Pak talks on five-year trade cooperation next week

Pakistan and China will initiate talks next week in Islamabad to prepare a five-year plan of economic Co-operation, particularly in the fields of trade, energy, road construction, urban development, telecommunication and agriculture.
Published 05 May, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 May, 2006 12:00am
Pogee conference

Pogee conference

The Pogee Conference-2006 with the theme entitled "Global Energy Requirements; Innovating for Regional Development" in concurrence with Pakistan Oil, Gas & Energy Exhibition will start from May 18 at a local hotel.
Published 05 May, 2006 12:00am
AG Sindh, DAOs receive Rs 8.7 million as honoraria

AG Sindh, DAOs receive Rs 8.7 million as honoraria

The Controller General of Accounts Iftikhar Ahmed Khan on Wednesday handed over cheques worth Rs 8.7 million as honoraria announced by the Sindh Governor Dr Ishrat-ul-Ibad Khan for officers and officials of Accountant General Sindh Karachi and District Ac
Published 05 May, 2006 12:00am
Mirwaiz hosts farewell lunch for Aziz Ahmed

Mirwaiz hosts farewell lunch for Aziz Ahmed

Chairman Hurriyat Conference Mirwaiz Umar Farooq on Thursday hosted farewell lunch in the honour of newly appointed Pakistan's ambassador to New Zealand and outgoing Deputy High Commissioner to India Munawar Saeed.
Published 05 May, 2006 12:00am
Shaukat and Aliyev agree to expand relations

Shaukat and Aliyev agree to expand relations

Prime Minister Shaukat Aziz on Thursday discussed economic and political ties between Pakistan and Azerbaijan with President Ilham Aliyev with the two sides agreeing to further expand these into stronger multifaceted relations.
Published 05 May, 2006 12:00am
Indian commander statement criticised

Indian commander statement criticised

A military official on Thursday criticised an Indian commander's comments after he said an ongoing military exercise was aimed at dismembering Pakistan in the event of a war.
Published 05 May, 2006 12:00am
Hepatitis C awareness video launched

Hepatitis C awareness video launched

Ferozsons Laboratories Limited (FLL) has launched a patient and public education video on 'hepatitis C' as part of public service campaign. The development of a video is aimed at raising awareness to help the society in the fight against hepatitis C.
Published 05 May, 2006 12:00am
Religious scholar shot dead

Religious scholar shot dead

Unidentified gunmen shot dead a religious scholar in Sindh province on Thursday. Maulana Mula Bakhsh Jaffery was heading to his home from mosque when ambushed by gunmen in Kandhkot town.
Published 05 May, 2006 12:00am
LPG rates raised

LPG rates raised

The rate of Liquefied Petroleum Gas (LPG) has increased by Rs 20 to Rs 60 on Thursday. The taxi and rickshaw owners complained that the sale points located in different areas of the city such as Kalapul, Lines Area, Jahangir Road and Jamshed Road were clo
Published 05 May, 2006 12:00am
Moot on crop produced using saline water

Moot on crop produced using saline water

University of Karachi Professor Dr M Ajmal Khan speaking at a seminar on "Cash Crop Production Using the Saline Water" organised by the University of Sindh Institute of Botany here on Thursday said that the lack of fresh water leads to the creation of sal
Published 05 May, 2006 12:00am
NBP hires 20 MBAs

NBP hires 20 MBAs

In pursuance to the objectives of upgrading human resources, National Bank of Pakistan (NBP) has recently hired about 20 MBAs as audit trainees, with a view to improve its audit functions.
Published 05 May, 2006 12:00am
Insurance Ombudsman takes charge

Insurance Ombudsman takes charge

Justice Syed Ali Aslam Jafri (Retd) has taken over the charge of Federal Insurance Ombudsman, an official notification said.
Published 05 May, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 04, 2006).

Published 05 May, 2006 12:00am
Contractors complain of town administrations attitude

Contractors complain of town administrations attitude

Although, the social circles have lauded the privatisation of garbage lifting from the city and the process is, somehow going satisfactory, there are a number of problems and hindrances facing private firms, who gained the contracts of garbage removal fro
Published 05 May, 2006 12:00am
NICVD provided direct link from Sharea Faisal

NICVD provided direct link from Sharea Faisal

City District Government Karachi Nazim Syed Mustafa Kamal on Thursday inaugurated the newly constructed road to connect the National Institute of Cardio-Vascular Diseases (NICVD) with Sharea Faisal to provide a direct access to the ambulances and patients
Published 05 May, 2006 12:00am
OGDCL GDRs lead managers appointed

OGDCL GDRs lead managers appointed

Pakistan on Thursday appointed Citigroup, Goldman Sachs and BMA Capital Management to manage a sale of up to 15 percent of Oil and Gas Development Company Limited (OGDCL) through an issue of global depository receipts (GDRs) and a domestic offering.
Published 05 May, 2006 12:00am
Pakistan tells UN about prevailing energy scarcity

Pakistan tells UN about prevailing energy scarcity

With 2.4 billion people world-wide still lacking access to modern energy services, and one quarter of the world's population still living without electricity, a UN panel on Wednesday focused on improving access to reliable, affordable and economically sou
Published 05 May, 2006 12:00am
UBL body elections

UBL body elections

The following have been elected office-bearers and members of the managing committee of UBL Former Executives Welfare Association for 2006-07: Safeer Raza Naqvi: Chairman; Nasrullah Khokhar: Honorary General Secretary/ Chief Executive; Hasan Zuberi: Vice-
Published 05 May, 2006 12:00am
Rickshaw drivers' rally baton-charged

Rickshaw drivers' rally baton-charged

Police resorted to light baton charge and fired tear gas shells to disperse rickshaw drivers who were staging a protest demonstration and blocked the Qurtaba Chowk here on Thursday.
Published 05 May, 2006 12:00am
Duty on dextrose import

Duty on dextrose import

The Central Board of Revenue (CBR) will charge 10 percent concessional rate of customs duty on the import of dextrose (injection grade and pharmaceutical grade). The CBR has amended SRO.567(I)/2005 through a notification issued here on Thursday to impleme
Published 05 May, 2006 12:00am
Duty on dextrose import

Duty on dextrose import

The Central Board of Revenue (CBR) will charge 10 percent concessional rate of customs duty on the import of dextrose (injection grade and pharmaceutical grade). The CBR has amended SRO.567(I)/2005 through a notification issued here on Thursday to impleme
Published 05 May, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 04, 2006).

Published 05 May, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 04, 2006).
Published 05 May, 2006 12:00am
Gender inequality growing at alarming pace: World Bank

Gender inequality growing at alarming pace: World Bank

The World Bank has cautioned the government in its study released here on Thursday that gender inequality was growing in Pakistan at an alarming pace and it needed a well thought strategy to tackle this issue of serious nature.
Published 05 May, 2006 12:00am
Kinnow exports set all time record

Kinnow exports set all time record

An all time record in the exports of kinnow has been set by sending 162,873.81 tonnes till April 22 (2005-06 Kinnow export season), according to latest figures provided by the Pakistan Horticulture Development and Export Board (PHDEB).
Published 05 May, 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 (May 04, 2006).

Published 05 May, 2006 12:00am
Kinnow exports set all time record

Kinnow exports set all time record

An all time record in the exports of kinnow has been set by sending 162,873.81 tonnes till April 22 (2005-06 Kinnow export season), according to latest figures provided by the Pakistan Horticulture Development and Export Board (PHDEB).
Published 05 May, 2006 12:00am
Kinnow exports set all time record

Kinnow exports set all time record

An all time record in the exports of kinnow has been set by sending 162,873.81 tonnes till April 22 (2005-06 Kinnow export season), according to latest figures provided by the Pakistan Horticulture Development and Export Board (PHDEB).
Published 05 May, 2006 12:00am
Major powers discuss Iran draft resolution

Major powers discuss Iran draft resolution

The five permanent members of the UN Security Council held unscheduled consultations here Thursday on a binding Franco-British draft resolution demanding a halt to Iran's uranium enrichment.
Published 05 May, 2006 12:00am
Major powers discuss Iran draft resolution

Major powers discuss Iran draft resolution

The five permanent members of the UN Security Council held unscheduled consultations here Thursday on a binding Franco-British draft resolution demanding a halt to Iran's uranium enrichment.
Published 05 May, 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 (May 04, 2006).

Published 05 May, 2006 12:00am
1,000 chickens die mysteriously in Sialkot

1,000 chickens die mysteriously in Sialkot

As many as 1,000 chickens died in a poultry farm in adjoining village Bheeko Chhor on Pasrur road and keeping in view of suspected bird flu the poultry farm has been sealed immediately.
Published 05 May, 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 (May 04, 2006).

Published 05 May, 2006 12:00am
MCB Bank rating upgraded to ''''AA+''''

MCB Bank rating upgraded to ''''AA+''''

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of MCB Bank Limited to "AA+" (Double A plus), while maintaining the short-term rating at "A1+" (A one plus).
Published 05 May, 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 (May 04, 2006).

Published 05 May, 2006 12:00am
MCB Bank rating upgraded to ''AA+''

MCB Bank rating upgraded to ''AA+''

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of MCB Bank Limited to "AA+" (Double A plus), while maintaining the short-term rating at "A1+" (A one plus).
Published 05 May, 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 05 May, 2006 12:00am
MCB Bank rating upgraded to 'AA+'

MCB Bank rating upgraded to 'AA+'

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of MCB Bank Limited to "AA+" (Double A plus), while maintaining the short-term rating at "A1+" (A one plus).
Published 05 May, 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 05 May, 2006 12:00am
MCB Bank rating upgraded to 'AA+'

MCB Bank rating upgraded to 'AA+'

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of MCB Bank Limited to "AA+" (Double A plus), while maintaining the short-term rating at "A1+" (A one plus).
Published 05 May, 2006 12:00am
NWFP Assembly demands stock exchange in Peshawar

NWFP Assembly demands stock exchange in Peshawar

The NWFP Assembly with Speaker Bakht Jehan Khan in chair on Thursday passed a resolution with majority demanding setting up of a stock exchange in Peshawar. The resolution was tabled by Muzafar Said and was passed by the house with majority.
Published 05 May, 2006 12:00am
PTCL privatisation hits telecom deregulation policy

PTCL privatisation hits telecom deregulation policy

The government deal of handing over Pakistan Telecommunication Company Limited (PTCL) to Etisalat has started hurting the "telecom deregulation policy 2004" that supported the phenomenal increase of telecom sector and grabbed potential foreign investment
Published 05 May, 2006 12:00am
Kenyan coffee farmers seek speedy industry reforms

Kenyan coffee farmers seek speedy industry reforms

Kenyan farmers on Thursday faulted the government for dragging its feet in the publication of rules to govern direct sales of their produce to overseas buyers, which they say will guarantee them better returns.
Published 05 May, 2006 12:00am
PTCL privatisation hits telecom deregulation policy

PTCL privatisation hits telecom deregulation policy

The government deal of handing over Pakistan Telecommunication Company Limited (PTCL) to Etisalat has started hurting the "telecom deregulation policy 2004" that supported the phenomenal increase of telecom sector and grabbed potential foreign investment
Published 05 May, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Thursday, spurring pent-up demand, weakening its differential to fuel oil cargo values, traders said.
Published 05 May, 2006 12:00am
PTCL privatisation hits telecom deregulation policy

PTCL privatisation hits telecom deregulation policy

The government deal of handing over Pakistan Telecommunication Company Limited (PTCL) to Etisalat has started hurting the "telecom deregulation policy 2004" that supported the phenomenal increase of telecom sector and grabbed potential foreign investment
Published 05 May, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 104,781 tonnes of cargo including 84,339 tonnes import and 20,442 tonnes export cargo including 5,216 containers during last 24 hours ending at 0700 hours on Thursday.
Published 05 May, 2006 12:00am
German new car registrations fall 10 percent

German new car registrations fall 10 percent

New car registrations in Germany, Europe's biggest auto market, fell 10 percent in April to 282,000 units, the VDA industry association said on Thursday, noting the month had three fewer sales days than April 2005.
Published 05 May, 2006 12:00am
HRW wheat bids mostly steady to firm

HRW wheat bids mostly steady to firm

Hard red winter wheat cash basis bids in the US Plains were mostly steady to firm on Thursday, with country movement remaining slow, merchants said.
Published 05 May, 2006 12:00am
Russia air crash relatives identify bodies

Russia air crash relatives identify bodies

Relatives began the grim task on Thursday of identifying bodies of some of the 113 passengers and crew killed when their Armenian airliner crashed into the Black Sea off Russia's coast.
Published 05 May, 2006 12:00am
US Midwest bids for corn firm, soyabean fall

US Midwest bids for corn firm, soyabean fall

Cash basis bids for corn were steady to higher around the US Midwest on Thursday as dealers tried to generate movement while soyabean bids were flat at interior locations but fell along rivers.
Published 05 May, 2006 12:00am
SingTel plans $2.6 billion payout as profit rises

SingTel plans $2.6 billion payout as profit rises

Singapore Telecoms, Southeast Asia's largest phone firm, on Thursday posted a surprise 14 percent rise in quarterly profit, thanks to strong Asian mobile growth, and said it would return S$4 billion ($2.6 billion) to investors.
Published 05 May, 2006 12:00am
FOB Gulf soya drops, corn and wheat steady

FOB Gulf soya drops, corn and wheat steady

US FOB Gulf soyabean basis offers fell on Wednesday on thin export demand, while corn and wheat were mostly steady, traders said. Export demand for US soyabeans continues to lag due to a seasonal shift in business to South America.
Published 05 May, 2006 12:00am
SingTel plans $2.6 billion payout as profit rises

SingTel plans $2.6 billion payout as profit rises

Singapore Telecoms, Southeast Asia's largest phone firm, on Thursday posted a surprise 14 percent rise in quarterly profit, thanks to strong Asian mobile growth, and said it would return S$4 billion ($2.6 billion) to investors.
Published 05 May, 2006 12:00am
Corn down on funds selling and active seedings

Corn down on funds selling and active seedings

Corn futures at the Chicago Board of Trade closed lower on Wednesday on fund selling and active seedings of the US corn crop, traders said. CBOT corn closed unchanged to 1-1/4 cents per bushel lower, with May down 1 at $2.32-1/4 per bushel. July was down
Published 05 May, 2006 12:00am
Malaysia may raise power tariff in June

Malaysia may raise power tariff in June

Malaysia may allow national power firm Tenaga Nasional Bhd to raise electricity tariffs from next month, Energy Minister Lim Keng Yaik said on Thursday.
Published 05 May, 2006 12:00am