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Print - 2006-05-16
FWO awarded Lakpass Tunnel construction work

FWO awarded Lakpass Tunnel construction work

The government has awarded the construction work of Lakpass Tunnel project to Frontier Works Organisation (FWO) at a cost of Rs 678 million, which would connect Pakistan with Iran, Afghanistan and Central Asia.
Published 16 May, 2006 12:00am
'CSF to support interventions'

'CSF to support interventions'

State minister for Finance Omar Ayub Khan has said Pakistan was fully implementing all the fundamentals of economy to become a competitive and prudent in today's challenging world. He expressed these views while addressing a conference here. Linking finan
Published 16 May, 2006 12:00am
'CSF to support interventions'

'CSF to support interventions'

State minister for Finance Omar Ayub Khan has said Pakistan was fully implementing all the fundamentals of economy to become a competitive and prudent in today's challenging world. He expressed these views while addressing a conference here. Linking finan
Published 16 May, 2006 12:00am
Sindh Aviation Fleet created

Sindh Aviation Fleet created

The VIP Flight Cessna (Fixed) Wing and Helicopter Flight (Rotary) Wing, has been amalgamated and "Sindh Aviation Fleet" created under the control of Chief Minister Secretariat with effect from July 1, 2006, an official notification said on Monday.
Published 16 May, 2006 12:00am
CAA wins Shah Ski Cup

CAA wins Shah Ski Cup

Civil Aviation Authority (CAA) won Shah Khan Ski Cup 2006 and two gold medals in the Shah Khan Ski Championship 2006 held at Naltar Gilgit. Ghulam Murtaza, Captain of CAA Ski team was given Shah Khan Ski Cup-2006 and Tariq Khan, CAA Ski Team Racer was giv
Published 16 May, 2006 12:00am
120 years of Coca-Cola's existence

120 years of Coca-Cola's existence

Coca-Cola, the biggest beverage company of the world, is celebrating 120 years of its successful existence. Beginning in May 1886 in Atlanta about 120 years ago, the company has evolved from one product Coca-Cola to more than 400 brands in 2006.
Published 16 May, 2006 12:00am
Jimmy's work on culture, history on display

Jimmy's work on culture, history on display

Prominent artist and social worker, Jimmy Engineer is in the midst of mega artwork relating to cultural and historical heritage of Pakistan.
Published 16 May, 2006 12:00am
CDA has no strategy to overcome water crisis

CDA has no strategy to overcome water crisis

The Capital Development Authority (CDA) has no immediate strategy to overcome the prevailing water crisis in Islamabad except receive sufficient rainfall till July.
Published 16 May, 2006 12:00am
EU pledges 'bold' nuclear offer for Iran

EU pledges 'bold' nuclear offer for Iran

The European Union pledged on Monday to make a "bold" offer to persuade Iran to curb its atomic ambitions, including possible security guarantees and hi-tech help to develop peaceful nuclear power.
Published 16 May, 2006 12:00am
EU pledges 'bold' nuclear offer for Iran

EU pledges 'bold' nuclear offer for Iran

The European Union pledged on Monday to make a "bold" offer to persuade Iran to curb its atomic ambitions, including possible security guarantees and hi-tech help to develop peaceful nuclear power.
Published 16 May, 2006 12:00am
NAB clarifies report on foreign oil marketing firms

NAB clarifies report on foreign oil marketing firms

The National Accountability Bureau (NAB) on Monday clarified a news report that foreign oil marketing companies had threatened to withdraw investment worth Rs 1 billion if the government accepted NAB''s proposal to recover Rs 4.5 billion from them.
Published 16 May, 2006 12:00am
NAB clarifies report on foreign oil marketing firms

NAB clarifies report on foreign oil marketing firms

The National Accountability Bureau (NAB) on Monday clarified a news report that foreign oil marketing companies had threatened to withdraw investment worth Rs 1 billion if the government accepted NAB's proposal to recover Rs 4.5 billion from them.
Published 16 May, 2006 12:00am
NAB clarifies report on foreign oil marketing firms

NAB clarifies report on foreign oil marketing firms

The National Accountability Bureau (NAB) on Monday clarified a news report that foreign oil marketing companies had threatened to withdraw investment worth Rs 1 billion if the government accepted NAB's proposal to recover Rs 4.5 billion from them.
Published 16 May, 2006 12:00am
Uzbekistan offers 2.5 million cotton bales at subsidised rate

Uzbekistan offers 2.5 million cotton bales at subsidised rate

Uzbekistan has offered Pakistan''s textile manufacturers 2.5 million surplus cotton bales at 20 percent subsidised rates over Liverpool cotton rates, sources told Business Recorder here on Monday. They said that a delegation of industrialists would
Published 16 May, 2006 12:00am
Uzbekistan offers 2.5 million cotton bales at subsidised rate

Uzbekistan offers 2.5 million cotton bales at subsidised rate

Uzbekistan has offered Pakistan's textile manufacturers 2.5 million surplus cotton bales at 20 percent subsidised rates over Liverpool cotton rates, sources told Business Recorder here on Monday. They said that a delegation of industrialists would
Published 16 May, 2006 12:00am
The Weather

The Weather

The weather report on Monday (May 15, 2006) and the forecast for Tuesday (May 16, 2006).
Published 16 May, 2006 12:00am
Uzbekistan offers 2.5 million cotton bales at subsidised rate

Uzbekistan offers 2.5 million cotton bales at subsidised rate

Uzbekistan has offered Pakistan's textile manufacturers 2.5 million surplus cotton bales at 20 percent subsidised rates over Liverpool cotton rates, sources told Business Recorder here on Monday. They said that a delegation of industrialists would
Published 16 May, 2006 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 16 May, 2006 12:00am
First cement consignment arrives

First cement consignment arrives

First consignment of cement, under duty-free regime, arrived at the Karachi port on Monday. The vessel, named F Kala, carrying 26,800 tons cement from Chinese port of Zheng Jiang, arrived at 0300 hours at East Wharf Berths No 1 and 2 of Karachi Port.
Published 16 May, 2006 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 16 May, 2006 12:00am
First cement consignment arrives

First cement consignment arrives

First consignment of cement, under duty-free regime, arrived at the Karachi port on Monday. The vessel, named F Kala, carrying 26,800 tons cement from Chinese port of Zheng Jiang, arrived at 0300 hours at East Wharf Berths No 1 and 2 of Karachi Port.
Published 16 May, 2006 12:00am
First cement consignment arrives

First cement consignment arrives

First consignment of cement, under duty-free regime, arrived at the Karachi port on Monday. The vessel, named F Kala, carrying 26,800 tons cement from Chinese port of Zheng Jiang, arrived at 0300 hours at East Wharf Berths No 1 and 2 of Karachi Port.
Published 16 May, 2006 12:00am
Water share of Sindh, Punjab enhanced: Irsa

Water share of Sindh, Punjab enhanced: Irsa

The Indus River System Authority (Irsa) has enhanced water share of Punjab and Sindh by 11,000 and 36,000 cusecs, respectively to enable them to meet their water needs for irrigation purposes.
Published 16 May, 2006 12:00am
Water share of Sindh, Punjab enhanced: Irsa

Water share of Sindh, Punjab enhanced: Irsa

The Indus River System Authority (Irsa) has enhanced water share of Punjab and Sindh by 11,000 and 36,000 cusecs, respectively to enable them to meet their water needs for irrigation purposes.
Published 16 May, 2006 12:00am
Water share of Sindh, Punjab enhanced: Irsa

Water share of Sindh, Punjab enhanced: Irsa

The Indus River System Authority (Irsa) has enhanced water share of Punjab and Sindh by 11,000 and 36,000 cusecs, respectively to enable them to meet their water needs for irrigation purposes.
Published 16 May, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Heat wave claims 21 more lives

Heat wave claims 21 more lives

At least 21 people including seven women have died and more than 100 mostly students fainted of heat-stroke in only southern Punjab during the last 24 hours as the temperature rose to 49 degree Celsius in Dera Ghazi Khan and adjacent areas.
Published 16 May, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (May 15, 2006) and for Tuesday (May 16, 2006).
Published 16 May, 2006 12:00am
US high court sets aside eBay patent ruling

US high court sets aside eBay patent ruling

The US Supreme Court on Monday set aside a patent injunction against online auctioneer eBay Inc, but also rejected a key argument made by the company that could have narrowed the rights of patent holders.
Published 16 May, 2006 12:00am
Belgium takes neutral stance on Arcelor/Mittal

Belgium takes neutral stance on Arcelor/Mittal

Belgium opted not to back either Arcelor or its unwanted suitor Mittal Steel for now, according to a joint statement from the federal and two regional governments on Monday.
Published 16 May, 2006 12:00am
Bahrain central bank refutes to revalue dinar

Bahrain central bank refutes to revalue dinar

Bahrain's central bank has no plans to revalue its dollar-pegged dinar in response to the US currency's decline on international markets, the bank's governor said on Monday.
Published 16 May, 2006 12:00am
Prime Minister dashes GDF's new tariff hike hopes

Prime Minister dashes GDF's new tariff hike hopes

French Prime Minister Dominique de Villepin, moving to contain a potentially embarrassing tussle with unions over high energy prices, put a freeze on Monday on a new tariff hike for Gaz de France until July next year.
Published 16 May, 2006 12:00am
Bears stay in front seat on ISE

Bears stay in front seat on ISE

Bears continued to stay in the front seat on the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index.
Published 16 May, 2006 12:00am
Bears stay in front seat on ISE

Bears stay in front seat on ISE

Bears continued to stay in the front seat on the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index.
Published 16 May, 2006 12:00am
LSE index sheds 215.75 points

LSE index sheds 215.75 points

The local share market crashed on Monday and fell by 4.09-percent on news of SECP move to extend the CFS review date to July-end, coupled with the reported threats by oil marketing companies to withdraw their one-billion dollar investment from Pakistan.
Published 16 May, 2006 12:00am
LSE index sheds 215.75 points

LSE index sheds 215.75 points

The local share market crashed on Monday and fell by 4.09-percent on news of SECP move to extend the CFS review date to July-end, coupled with the reported threats by oil marketing companies to withdraw their one-billion dollar investment from Pakistan.
Published 16 May, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Senate passes bill to amend fiscal responsibility law

Senate passes bill to amend fiscal responsibility law

The Senate on Monday unanimously passed a bill to amend the Fiscal Responsibility and Debt Limitation Act, making it mandatory for the government to lay medium-term statement, fiscal policy statement and debt policy statement in the Upper House besides, t
Published 16 May, 2006 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Senate passes bill to amend fiscal responsibility law

Senate passes bill to amend fiscal responsibility law

The Senate on Monday unanimously passed a bill to amend the Fiscal Responsibility and Debt Limitation Act, making it mandatory for the government to lay medium-term statement, fiscal policy statement and debt policy statement in the Upper House besides, t
Published 16 May, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Athens to provide four frigates

Athens to provide four frigates

Greece will provide four frigates for the Pakistan Navy, two of which be delivered this year, Prime Minister Shaukat Aziz said on Monday. The two countries are looking forward to stronger ties in defence and securities related matters and have agreed on t
Published 16 May, 2006 12:00am
Athens to provide four frigates

Athens to provide four frigates

Greece will provide four frigates for the Pakistan Navy, two of which be delivered this year, Prime Minister Shaukat Aziz said on Monday. The two countries are looking forward to stronger ties in defence and securities related matters and have agreed on t
Published 16 May, 2006 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Taxes on airline tickets may be reduced

Taxes on airline tickets may be reduced

The Ministry of Finance is considering a proposal to slash high taxes on airline tickets to enable the Pakistan International Airlines (PIA) maintain the fares at reasonable limits, an official source told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
Taxes on airline tickets may be reduced

Taxes on airline tickets may be reduced

The Ministry of Finance is considering a proposal to slash high taxes on airline tickets to enable the Pakistan International Airlines (PIA) maintain the fares at reasonable limits, an official source told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Taxes on airline tickets may be reduced

Taxes on airline tickets may be reduced

The Ministry of Finance is considering a proposal to slash high taxes on airline tickets to enable the Pakistan International Airlines (PIA) maintain the fares at reasonable limits, an official source told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Taxes on airline tickets may be reduced

Taxes on airline tickets may be reduced

The Ministry of Finance is considering a proposal to slash high taxes on airline tickets to enable the Pakistan International Airlines (PIA) maintain the fares at reasonable limits, an official source told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
BRIndex30 sheds 529.01 points

BRIndex30 sheds 529.01 points

BRIndex30 registered a negative change of -529.01 on Thursday, closing at 11888.36. The BRIndex30 made an intra-day high of 12,417.37 and low of 11,888.36.
Published 16 May, 2006 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
BRIndex30 sheds 529.01 points

BRIndex30 sheds 529.01 points

BRIndex30 registered a negative change of -529.01 on Thursday, closing at 11888.36. The BRIndex30 made an intra-day high of 12,417.37 and low of 11,888.36.
Published 16 May, 2006 12:00am
Share prices plunge on CFS extension news

Share prices plunge on CFS extension news

The share market plunged on Monday as the Securities and Exchange Commission of Pakistan (SECP) extended the date for ''continuous funding system'' (CFS) and there were rumours that Benazir Bhutto and Nawaz Sharif would arrive in Pakistan this week.
Published 16 May, 2006 12:00am
Share prices plunge on CFS extension news

Share prices plunge on CFS extension news

The share market plunged on Monday as the Securities and Exchange Commission of Pakistan (SECP) extended the date for 'continuous funding system' (CFS) and there were rumours that Benazir Bhutto and Nawaz Sharif would arrive in Pakistan this week.
Published 16 May, 2006 12:00am
THE RUPEE: dollar higher on currency market

THE RUPEE: dollar higher on currency market

Bearish trend was seen in both the interbank and open market on Monday as the banks were involved in extensive buying of dollar to meet the payment requirements, dealers said.
Published 16 May, 2006 12:00am
Share prices plunge on CFS extension news

Share prices plunge on CFS extension news

The share market plunged on Monday as the Securities and Exchange Commission of Pakistan (SECP) extended the date for 'continuous funding system' (CFS) and there were rumours that Benazir Bhutto and Nawaz Sharif would arrive in Pakistan this week.
Published 16 May, 2006 12:00am
THE RUPEE: dollar higher on currency market

THE RUPEE: dollar higher on currency market

Bearish trend was seen in both the interbank and open market on Monday as the banks were involved in extensive buying of dollar to meet the payment requirements, dealers said.
Published 16 May, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (May 15, 2006).

Published 16 May, 2006 12:00am
Ministry fails to finalise industrial, SMEs policies in a year

Ministry fails to finalise industrial, SMEs policies in a year

The Ministry of Industries has failed to finalise industrial and SMEs policies in over a year due to unknown reasons. Officials in the ministry told Business Recorder that they were not clear about the exact timing for making the policies public. T
Published 16 May, 2006 12:00am
Banks allowed to directly remit freight charges abroad

Banks allowed to directly remit freight charges abroad

The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect remittances of locally collected freight charges to their principals abroad, directly on behalf of concerned freight forwarders/consolidators.
Published 16 May, 2006 12:00am
Banks allowed to directly remit freight charges abroad

Banks allowed to directly remit freight charges abroad

The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect remittances of locally collected freight charges to their principals abroad, directly on behalf of concerned freight forwarders/consolidators.
Published 16 May, 2006 12:00am
Banks allowed to directly remit freight charges abroad

Banks allowed to directly remit freight charges abroad

The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect remittances of locally collected freight charges to their principals abroad, directly on behalf of concerned freight forwarders/consolidators.
Published 16 May, 2006 12:00am
15 percent regulatory duty likely on sugar export

15 percent regulatory duty likely on sugar export

The federal government is likely to slap 15 percent Regulatory Duty (RD) on sugar export, being transported mainly to Afghanistan through legal channels, sources told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
15 percent regulatory duty likely on sugar export

15 percent regulatory duty likely on sugar export

The federal government is likely to slap 15 percent Regulatory Duty (RD) on sugar export, being transported mainly to Afghanistan through legal channels, sources told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
15 percent regulatory duty likely on sugar export

15 percent regulatory duty likely on sugar export

The federal government is likely to slap 15 percent Regulatory Duty (RD) on sugar export, being transported mainly to Afghanistan through legal channels, sources told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 May, 2006 12:00am
15 percent regulatory duty likely on sugar export

15 percent regulatory duty likely on sugar export

The federal government is likely to slap 15 percent Regulatory Duty (RD) on sugar export, being transported mainly to Afghanistan through legal channels, sources told Business Recorder here on Monday.
Published 16 May, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 May, 2006 12:00am
Cable TV operation resumes in Indian occupied Kashmir

Cable TV operation resumes in Indian occupied Kashmir

Cable TV operators in Indian Kashmir have resumed operations after Mujahideen groups said they should ignore threats by other groups to halt broadcasts. The revolt-hit region's dominant group, Hizbul Mujahideen, and three other groups on Sunday asked the
Published 16 May, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 May, 2006 12:00am
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