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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-18
THE RUPEE: dollar turns easy in interbank market

THE RUPEE: dollar turns easy in interbank market

Dollar's continued weakness mirrored in the interbank market on Wednesday as the rupee recovered 16 paisa for buying at 59.90 and it gained seven paisa on the selling counter at 60.00 on easy supply, dealers said.
Published 18 May, 2006 12:00am
DGI told to carry out audit to ascertain tax evasion amount

DGI told to carry out audit to ascertain tax evasion amount

The main accused of the multi-million rupees GST scam, Raja Zaraat, was sent to jail on Tuesday by the Directorate General, Intelligence and Investigation, (Customs and Excise). He was sent to jail on judicial remand after completion of 14 days investigat
Published 18 May, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
'Corporate governance knowledge must for bourses board directors'

'Corporate governance knowledge must for bourses board directors'

The board of directors of the stock exchanges should have full knowledge of the corporate governance, ensuring that the listed companies must meet the laid down requirements. This issue came to light during a workshop on corporate governance organised by
Published 18 May, 2006 12:00am
World Telecom Day celebrated

World Telecom Day celebrated

The World Telecommunication Day was celebrated in the country with an aim to spread telecom facilities throughout the country and elaborate efforts to ensure cyber security around the globe.
Published 18 May, 2006 12:00am
EPB chief hints at surpassing export target

EPB chief hints at surpassing export target

Export Promotion Bureau (EPB) Chairman Tariq Ikram has said that $17 billion export target set for the current fiscal year would not only be achieved but it may be surpassed.
Published 18 May, 2006 12:00am
LCCI chief for completing expo centre by December 31

LCCI chief for completing expo centre by December 31

Expo Centre should be completed by December 31 next as due to fast changing regional economic scenario, the Lahore City is fast turning into hub of economic activities and the investors from all over the world, particularly from the European countries, ar
Published 18 May, 2006 12:00am
India frees six Pakistani prisoners

India frees six Pakistani prisoners

India on Wednesday freed six Pakistani prisoners, including four children, as part of goodwill gesture, TV channels reported. The freed prisoners were handed over to Pakistani authorities at Wahga border, who were later brought to Lahore.
Published 18 May, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 May, 2006 12:00am
Objectives achieved in Greece visit: Prime Minister

Objectives achieved in Greece visit: Prime Minister

Prime Minister Shaukat Aziz said on Wednesday that his visit to Greece has achieved objectives and has helped change perceptions about Pakistan with a mutual desire to expand ties in all areas.
Published 18 May, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 May, 2006 12:00am
Girl, two policemen killed in Sui attacks

Girl, two policemen killed in Sui attacks

A girl was killed on Wednesday when suspected insurgents blew up a gas pipeline in Sui, while two policemen were shot dead in a separate attack. The seven-year-old girl was on her way to school with her mother when a bomb exploded near the pipeline in the
Published 18 May, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 May, 2006 12:00am
Girl, two policemen killed in Sui attacks

Girl, two policemen killed in Sui attacks

A girl was killed on Wednesday when suspected insurgents blew up a gas pipeline in Sui, while two policemen were shot dead in a separate attack. The seven-year-old girl was on her way to school with her mother when a bomb exploded near the pipeline in the
Published 18 May, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Warehousing surcharge waived

Warehousing surcharge waived

The government has waived 2 percent penal surcharge on the goods to be removed from the warehouses from May 17 to June 4. According to a notification issued on Tuesday, the Board has also allowed that overstayed imported goods could be kept in the warehou
Published 18 May, 2006 12:00am
Warehousing surcharge waived

Warehousing surcharge waived

The government has waived 2 percent penal surcharge on the goods to be removed from the warehouses from May 17 to June 4. According to a notification issued on Tuesday, the Board has also allowed that overstayed imported goods could be kept in the warehou
Published 18 May, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 May, 2006 12:00am
Warehousing surcharge waived

Warehousing surcharge waived

The government has waived 2 percent penal surcharge on the goods to be removed from the warehouses from May 17 to June 4. According to a notification issued on Tuesday, the Board has also allowed that overstayed imported goods could be kept in the warehou
Published 18 May, 2006 12:00am
India rules out troops' retreat from IoK

India rules out troops' retreat from IoK

Indian officials on Wednesday rejected calls for an early withdrawal of troops from Indian Occupied Kashmir, saying militancy was spreading from the disputed territory to elsewhere in the country.
Published 18 May, 2006 12:00am
India rules out troops' retreat from IoK

India rules out troops' retreat from IoK

Indian officials on Wednesday rejected calls for an early withdrawal of troops from Indian Occupied Kashmir, saying militancy was spreading from the disputed territory to elsewhere in the country.
Published 18 May, 2006 12:00am
Steps needed to fetch $1,225 million through seafood exports

Steps needed to fetch $1,225 million through seafood exports

Pakistan's seafood exports could touch an incredible figure of 1,225 million dollars annually, provided shrimp farming and production of value-added products are promoted. Shrimp farming alone could fetch 800 million dollars and value added products anoth
Published 18 May, 2006 12:00am
TCP receives 21 cotton bids

TCP receives 21 cotton bids

The Trading Corporation of Pakistan (TCP) has received a total of twenty one bids for export and domestic sale of the cotton in response to the tender floated on May 9, 2006.
Published 18 May, 2006 12:00am
Profit sharing: PPL formula may give further rise to LPG price

Profit sharing: PPL formula may give further rise to LPG price

The sudden move of Pakistan Petroleum Limited (PPL) demanding 70 per cent of the gross margin from LPG marketing companies is feared to add further to the already sky-rocketing prices of this cheaper public utility.
Published 18 May, 2006 12:00am
Cement makers meet Tareen today

Cement makers meet Tareen today

The All Pakistan Cement Manufacturers Association (APCMA) will holding a meeting with Minister for Industries and Production Jahangir Khan Tareen on Thursday to review cement prices and resumption of rebated export to Afghanistan.
Published 18 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Colombian Indians, police clash in trade protest

Colombian Indians, police clash in trade protest

Colombian police clashed with thousands of indigenous protesters blocking a highway on Tuesday to demonstrate against free trade negotiations with the United States.
Published 18 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Xstrata bid values Falconbridge at $18 billion

Xstrata bid values Falconbridge at $18 billion

Diversified miner Xstrata Plc said on Wednesday it was offering to buy the 80 percent of Canadian nickel miner Falconbridge it does not own for C$16.1 billion ($14.4 billion) in cash.
Published 18 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Gainers outnumber losers at ISE

Gainers outnumber losers at ISE

Gainers outnumbered losers at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index.
Published 18 May, 2006 12:00am
Gainers outnumber losers at ISE

Gainers outnumber losers at ISE

Gainers outnumbered losers at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index.
Published 18 May, 2006 12:00am
LSE starts recovery process

LSE starts recovery process

After receiving heavy blow during the last two days, the local share market started recovering, gaining 3.95 percent on Wednesday to close once again above 5,000 points level.
Published 18 May, 2006 12:00am
LSE starts recovery process

LSE starts recovery process

After receiving heavy blow during the last two days, the local share market started recovering, gaining 3.95 percent on Wednesday to close once again above 5,000 points level.
Published 18 May, 2006 12:00am
Car bomb attack kills seven in Russia

Car bomb attack kills seven in Russia

A senior law enforcement official and six other people were killed on Wednesday when a car packed with explosive blew up on a road in Russia's volatile North Caucasus region in an attack, officials said may have been carried out by Chechen rebels.
Published 18 May, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Car bomb attack kills seven in Russia

Car bomb attack kills seven in Russia

A senior law enforcement official and six other people were killed on Wednesday when a car packed with explosive blew up on a road in Russia's volatile North Caucasus region in an attack, officials said may have been carried out by Chechen rebels.
Published 18 May, 2006 12:00am
New IPPs may be exempted from income tax

New IPPs may be exempted from income tax

The government is likely to exempt dual-fired new Independent Power Producers (IPPs) from income tax as part of its policy to minimise burden on the consumers, well-placed sources in the Private Power Infrastructure Board (PPIB) told Business Recorder.
Published 18 May, 2006 12:00am
New IPPs may be exempted from income tax

New IPPs may be exempted from income tax

The government is likely to exempt dual-fired new Independent Power Producers (IPPs) from income tax as part of its policy to minimise burden on the consumers, well-placed sources in the Private Power Infrastructure Board (PPIB) told Business Recorder.
Published 18 May, 2006 12:00am
New IPPs may be exempted from income tax

New IPPs may be exempted from income tax

The government is likely to exempt dual-fired new Independent Power Producers (IPPs) from income tax as part of its policy to minimise burden on the consumers, well-placed sources in the Private Power Infrastructure Board (PPIB) told Business Recorder.
Published 18 May, 2006 12:00am
Plan to corporatise Railways given up

Plan to corporatise Railways given up

The government has abandoned, for the time being, the plan to make Pakistan Railways a corporation, as there were sharp differences among its top brass over the proposed plan.
Published 18 May, 2006 12:00am
Plan to corporatise Railways given up

Plan to corporatise Railways given up

The government has abandoned, for the time being, the plan to make Pakistan Railways a corporation, as there were sharp differences among its top brass over the proposed plan.
Published 18 May, 2006 12:00am
Plan to corporatise Railways given up

Plan to corporatise Railways given up

The government has abandoned, for the time being, the plan to make Pakistan Railways a corporation, as there were sharp differences among its top brass over the proposed plan.
Published 18 May, 2006 12:00am
BRIndex30 gains 486.19 points

BRIndex30 gains 486.19 points

BRIndex30 opened in positive zone after six consecutive days of purge, with a jump gap of 117.24 points and remained there for the whole day, eventually closing at 11,871.63. BRIndex30 registered a positive change of 486.19 or 4.27 percent on Wednesday wi
Published 18 May, 2006 12:00am
BRIndex30 gains 486.19 points

BRIndex30 gains 486.19 points

BRIndex30 opened in positive zone after six consecutive days of purge, with a jump gap of 117.24 points and remained there for the whole day, eventually closing at 11,871.63. BRIndex30 registered a positive change of 486.19 or 4.27 percent on Wednesday wi
Published 18 May, 2006 12:00am
Short-covering helps KSE recover losses

Short-covering helps KSE recover losses

Short covering was the order of the day in Karachi Stock Exchange on Wednesday as nearly all scrips belonging to oil, gas, banking and cement sectors registered growth which had received heavy battering in the last two sessions, and because there were som
Published 18 May, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Short-covering helps KSE recover losses

Short-covering helps KSE recover losses

Short covering was the order of the day in Karachi Stock Exchange on Wednesday as nearly all scrips belonging to oil, gas, banking and cement sectors registered growth which had received heavy battering in the last two sessions, and because there were som
Published 18 May, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 17, 2006).
Published 18 May, 2006 12:00am
Short-covering helps KSE recover losses

Short-covering helps KSE recover losses

Short covering was the order of the day in Karachi Stock Exchange on Wednesday as nearly all scrips belonging to oil, gas, banking and cement sectors registered growth which had received heavy battering in the last two sessions, and because there were som
Published 18 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 Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Remittances swell to $3.629 billion in 10 months

Remittances swell to $3.629 billion in 10 months

Remittance from overseas Pakistanis in first 10 months of the current fiscal year recorded a growth of $178 million after inflows from the US, Saudi Arabia, UK and GCC countries improved sharply.
Published 18 May, 2006 12:00am
NTN may become mandatory for opening bank account

NTN may become mandatory for opening bank account

National Tax Number (NTN) may become mandatory for opening of bank account, seeking credit cards, loans, commercial and industrial connections of electricity/natural gas and buying/selling of property in urban areas.
Published 18 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 Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
NTN may become mandatory for opening bank account

NTN may become mandatory for opening bank account

National Tax Number (NTN) may become mandatory for opening of bank account, seeking credit cards, loans, commercial and industrial connections of electricity/natural gas and buying/selling of property in urban areas.
Published 18 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 Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
NTN may become mandatory for opening bank account

NTN may become mandatory for opening bank account

National Tax Number (NTN) may become mandatory for opening of bank account, seeking credit cards, loans, commercial and industrial connections of electricity/natural gas and buying/selling of property in urban areas.
Published 18 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 Wednesday (May 17, 2006).

Published 18 May, 2006 12:00am
Trade deficit be narrowed by boosting exports: Shamshad

Trade deficit be narrowed by boosting exports: Shamshad

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has advised the business community to suggest amendments in long-term machinery finance scheme and locally made machinery finance (LMM) scheme for their better utilisation.
Published 18 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 18 May, 2006 12:00am
Trade deficit be narrowed by boosting exports: Shamshad

Trade deficit be narrowed by boosting exports: Shamshad

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has advised the business community to suggest amendments in long-term machinery finance scheme and locally made machinery finance (LMM) scheme for their better utilisation.
Published 18 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 18 May, 2006 12:00am
Trade deficit be narrowed by boosting exports: Shamshad

Trade deficit be narrowed by boosting exports: Shamshad

State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar has advised the business community to suggest amendments in long-term machinery finance scheme and locally made machinery finance (LMM) scheme for their better utilisation.
Published 18 May, 2006 12:00am
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