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May 06, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-19
KSE in state of chaos

KSE in state of chaos

When the stock market index is rising, the players are buoyant and the officials, from top to bottom, have a cheerful look. But when the index starts nose-diving it is first termed profit taking. The second day fall is called a correction and if the erosi
Published 19 May, 2006 12:00am
Sindh Zakat utilisation system reviewed

Sindh Zakat utilisation system reviewed

National Assembly Standing Committee on Religious Affairs, Zakat and Ushr led by its Chairman Pir Muhammad Shah Khagga here on Thursday reviewed the Zakat utilisation system of Sindh province.
Published 19 May, 2006 12:00am
Feroze Khan's entry into Pakistan banned

Feroze Khan's entry into Pakistan banned

The government has banned the entry of Indian Actor Feroze Khan in Pakistan in future because of his objectionable remarks about Pakistan and the people on the occasion of premier show of Indian film "Taj Mahal" in Lahore, official sources told NNI.
Published 19 May, 2006 12:00am
Rawalpindi-Lahore non-stop train from Monday

Rawalpindi-Lahore non-stop train from Monday

Pakistan Railways would launch the fastest non-stop train between Rawalpindi and Lahore from May 22, Monday. The Prime Minister or Minister for Railways would launch the train, sources in Pakistan Railways said here on Thursday.
Published 19 May, 2006 12:00am
MoTI R&D cell soon to study world textile market changes

MoTI R&D cell soon to study world textile market changes

Ministry of Textile Industry (MoTI) has planned to set up a Research and Development Cell to study the global changes in the world textile market, said Federal Minister for Textile Industry, Mushtaq Ali Cheema.
Published 19 May, 2006 12:00am
Banking system: borrowing for budgetary support declining

Banking system: borrowing for budgetary support declining

The government's borrowing for budgetary support from the banking system is declining as it stood at Rs 45.64 billion on April 29 against the target of Rs 98 billion for the FY 2005-06. It is worth mentioning that from July 1, 2005 to March 4, 2006, it st
Published 19 May, 2006 12:00am
Incorrect bills hit gas consumers hard

Incorrect bills hit gas consumers hard

Taking strong note of the excessive billing by gas companies, the Network for Consumer Protection has said that the consumers are facing severe problems due to false billing by the gas companies.
Published 19 May, 2006 12:00am
Hearing put off in petition against Musharraf

Hearing put off in petition against Musharraf

The Lahore High Court (LHC) on Wednesday adjourned till May 22, the proceedings in a petition filed by Pakistan Lawyers Forum President A. K. Dogar against President of Pakistan for keeping two offices, as law officer sought time to assist the court on th
Published 19 May, 2006 12:00am
CAA's emergency drill on May 22

CAA's emergency drill on May 22

The Civil Aviation Authority (CAA) Allama Iqbal International Airport Lahore is conducting an airport emergency exercise in full scale at the airport on May 22.
Published 19 May, 2006 12:00am
Duty-free import of paper urged

Duty-free import of paper urged

All Pakistan Paper Merchants Association (APPMA) has urged the government to include paper in the list of essential items and also allow its duty-free import.
Published 19 May, 2006 12:00am
'Pakistan to become poppy free country next year'

'Pakistan to become poppy free country next year'

Federal Minister for Narcotics Control Ghaus Bux Maher on Thursday said that poppy cultivation had been almost eliminated and would become a poppy free next year.
Published 19 May, 2006 12:00am
A step in the right direction

A step in the right direction

Creditably for it, the government has finally moved to take corrective action regarding the affairs of private sector universities. Presiding over the Chancellors Committee meeting in Islamabad last week, President General Pervez Musharraf directed the pr
Published 19 May, 2006 12:00am
'Give fixed gas tariff to textile mills'

'Give fixed gas tariff to textile mills'

The two points that at least everyone agrees on these days are that there is a major gas crisis in Pakistan and that it will only get worse. Choices have to be made. There are two dimensions to the crisis in that gas rates are ever increasing and the supp
Published 19 May, 2006 12:00am
Arctic town booms on oil and gas hopes

Arctic town booms on oil and gas hopes

House prices in one of the world's most northerly towns are rocketing thanks to hopes for an Arctic oil and gas boom, and the local council can finally afford a fence to keep out reindeer. "A new era is coming," Alf Jakobsen, mayor of the Norwegian port o
Published 19 May, 2006 12:00am
No planes or pay, but Gaza airport workers carry on

No planes or pay, but Gaza airport workers carry on

Not only have no planes landed for more than five years, but neither have any pay cheques for the past two months. At Gaza's ghost town airport, time stands still rather than flies. "Every morning, we still come to work. We just sit and wait," says Akram
Published 19 May, 2006 12:00am
VIP movement

VIP movement

I want to bring to the attention of high officials the matter of people's survival. Every one has a materialist approach in this world, especially in our country the higher officials.
Published 19 May, 2006 12:00am
Earthquake victims

Earthquake victims

Through this email I would like to draw the attention of our public towards the victims of earthquake of last October. As everyone knows that the earthquake had affected many people.
Published 19 May, 2006 12:00am
Rishwat to doctors

Rishwat to doctors

It has been an old practice that Rishwat was given to government officials/organisations, including the tax department in cash or by some other system.
Published 19 May, 2006 12:00am
Women empowerment

Women empowerment

I have a question to Benazir - I will not talk of her corruption and mismanagement. Being a woman did she ever thought of giving women so much empowerment as Pervez Musharraf has given?
Published 19 May, 2006 12:00am
SLGC asked to complete inquiries expeditiously

SLGC asked to complete inquiries expeditiously

Sindh Local Government Advisor Wasim Akhtar on Thursday directed Sindh Local Government Commission (SLGC) to send recommendations regarding appropriate departmental action to Sindh chief secretary after completing all ongoing inquiries at the earliest.
Published 19 May, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 19 May, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 19 May, 2006 12:00am
Services sector scope under WTO regime to be discussed

Services sector scope under WTO regime to be discussed

The development of Pakistan's services market in the light of negotiations on services in the World Trade Organisation (WTO) under the General Agreement on Trade in Services (GATS) will be considered at the national services workshop here on May 26 and 27
Published 19 May, 2006 12:00am
Fauji Cement considering raising production

Fauji Cement considering raising production

The Fauji Cement Company Limited (FCCL) has planned to raise its capacity by almost three times to meet the rising demand for cement in the country and stem its skyrocketing prices.
Published 19 May, 2006 12:00am
Khushhali Bank launches Sukkur IBA scholarship programme

Khushhali Bank launches Sukkur IBA scholarship programme

The Khushhali Bank (KB) has launched its scholarship programme for the Institute of Business Administration (IBA), Sukkur. Similar programmes have already been launched at the IBA Karachi, Lahore University of Management Sciences (Lums), and Balochistan U
Published 19 May, 2006 12:00am
Engro Chemical long-term rating upgraded

Engro Chemical long-term rating upgraded

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of the Engro Chemical Pakistan Limited (ECPL) to "AA" (Double A) while maintaining the short-term rating at "A1+" (A one plus).
Published 19 May, 2006 12:00am
Engro Chemical long-term rating upgraded

Engro Chemical long-term rating upgraded

The Pakistan Credit Rating Agency (PACRA) has upgraded the long-term entity rating of the Engro Chemical Pakistan Limited (ECPL) to "AA" (Double A) while maintaining the short-term rating at "A1+" (A one plus).
Published 19 May, 2006 12:00am
Growers advised to cultivate low delta crops

Growers advised to cultivate low delta crops

The Agriculture Extension department has advised and suggested the growers to cultivate low delta crops. They advised growers to cultivate crops like Pulses, Sunflower, Jowar, Bajara, Guar, Watermelon, soybean, Groundnuts, Chilies, Tomato and other vegeta
Published 19 May, 2006 12:00am
Imation completes Memorex acquisition

Imation completes Memorex acquisition

Imation Corp announced that it has completed the previously announced acquisition of Memorex in an all cash transaction, from Hanny aHoldings of Hong Kong and other shareholders of Memorex.
Published 19 May, 2006 12:00am
Programme for special kids on May 25

Programme for special kids on May 25

A fun and food programme for special children will be held at Karachi Gymkhana club on May 25. The programme, launched about four years ago by renowned artist and social worker Jimmy Engineer, has picked up momentum and different restaurants, five star ho
Published 19 May, 2006 12:00am
Imam Kaaba to deliver Juma sermon

Imam Kaaba to deliver Juma sermon

Dr Saleh Bin Abdullah Homaed, Imam-e-Kaaba and Chairman Saudi Shura Council will deliver the Friday prayer sermon at Faisal Mosque, Islamabad on May 19, an official statement said on Thursday.
Published 19 May, 2006 12:00am
'Greece keen to import Pakistani manpower'

'Greece keen to import Pakistani manpower'

Federal Minister for Ports and Shipping Babar Khan Ghauri on Thursday said the shipping industry of Greece has shown interest to import manpower in this field from Pakistan.
Published 19 May, 2006 12:00am
Senate body to discuss Aamir Cheema's death

Senate body to discuss Aamir Cheema's death

As the mystery shrouds the death of a Pakistani student in a German prison, the Senate panel will meet next week to discuss the issue. Taking suo moto notice of the death of Aamir Cheema, Chairman Senate Functional Committee on Human Rights, S.M. Zafar ha
Published 19 May, 2006 12:00am
ISPR clarifies President's statement

ISPR clarifies President's statement

The Inter-Services Public Relations denied on Thursday remarks attributed to President General Pervez Musharraf in an interview with a private TV channel that the present assemblies will elect him for the second term.
Published 19 May, 2006 12:00am
Development Forum: donors urged to invest in NWFP industries

Development Forum: donors urged to invest in NWFP industries

The NWFP Senior Minister Siraj-ul-Haq has called upon the international donor agencies and investors to take benefit of the congenial and peaceful atmosphere as well as geological importance of NWFP and invest with full confidence. The provincial governme
Published 19 May, 2006 12:00am
NWFP expanding private sector's role in uplift process

NWFP expanding private sector's role in uplift process

Chief Minister Akram Khan Durrani on Thursday said that the provincial government is expanding the private sector role in the development process of the province and bringing reforms to develop social sector through private-public partnership.
Published 19 May, 2006 12:00am
PML leaders asked to monitor uplift plans

PML leaders asked to monitor uplift plans

Provincial Minister for Agricultural Marketing and the Pakistan Muslim League for Southern Punjab Convenor Rana Muhammad Qasim Noon has called upon the PML leaders and workers to monitor the development projects in their respective areas.
Published 19 May, 2006 12:00am
Kamal announces Rs 805 million Lyari package

Kamal announces Rs 805 million Lyari package

City Nazim Syed Mustafa Kamal has announced the biggest-ever development package of Rs 805 million for Lyari Town and vowed to develop it on modern lines within a span of two years.
Published 19 May, 2006 12:00am
117 development schemes underway in Hyderabad

117 development schemes underway in Hyderabad

The District Co-ordination Officer Hyderabad, Muhammad Sharif Awan has said that 117 ongoing and new development schemes of ADP were being executed by the district government Hyderabad at total cost of Rs 2525.541 million to provide basic facilities to th
Published 19 May, 2006 12:00am
Defence Phase-I extension: HRL awarded Rs 2.5 billion contract

Defence Phase-I extension: HRL awarded Rs 2.5 billion contract

The Defence Housing Authority and Habib Rafiq Limited (HRL) have signed an agreement for developing Defence Housing Scheme, Phase I extension. The agreement was signed by Brigadier Ghafoor, Administrator DHA and Zahid Rafiq, Director HRL, here on Thursday
Published 19 May, 2006 12:00am
India confirms participation in IPI gas pipeline talks

India confirms participation in IPI gas pipeline talks

India has confirmed its participation in technical-level talks on multi-billion dollar Iran-Pakistan-India (IPI) gas pipeline project, scheduled here from May 22-24. An official source told Business Recorder on Thursday that Indian technical team w
Published 19 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 18, 2006).

Published 19 May, 2006 12:00am
No new tax on share business from next year

No new tax on share business from next year

The Central Board of Revenue (CBR) said that no new tax would be imposed in the new fiscal year on share business such as tax on capital gains. The CBR issued directives to the Karachi Stock Exchange which was announced during the trading period on Thursd
Published 19 May, 2006 12:00am
No new tax on share business from next year

No new tax on share business from next year

The Central Board of Revenue (CBR) said that no new tax would be imposed in the new fiscal year on share business such as tax on capital gains. The CBR issued directives to the Karachi Stock Exchange which was announced during the trading period on Thursd
Published 19 May, 2006 12:00am
No new tax on share business from next year

No new tax on share business from next year

The Central Board of Revenue (CBR) said that no new tax would be imposed in the new fiscal year on share business such as tax on capital gains. The CBR issued directives to the Karachi Stock Exchange which was announced during the trading period on Thursd
Published 19 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 18, 2006).

Published 19 May, 2006 12:00am
No new tax on share business from next year

No new tax on share business from next year

The Central Board of Revenue (CBR) said that no new tax would be imposed in the new fiscal year on share business such as tax on capital gains. The CBR issued directives to the Karachi Stock Exchange which was announced during the trading period on Thursd
Published 19 May, 2006 12:00am
Supreme Court calls details of PSM sell-off

Supreme Court calls details of PSM sell-off

A Supreme Court bench, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Abdul Hameed Dogar and Justice Saiyed Saeed Ashhad on Thursday called for details about the privatisation of Pakistan Steel Mills (PSM).
Published 19 May, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 18, 2006).
Published 19 May, 2006 12:00am
Supreme Court calls details of PSM sell-off

Supreme Court calls details of PSM sell-off

A Supreme Court bench, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Abdul Hameed Dogar and Justice Saiyed Saeed Ashhad on Thursday called for details about the privatisation of Pakistan Steel Mills (PSM).
Published 19 May, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 18, 2006).

Published 19 May, 2006 12:00am
Supreme Court calls details of PSM sell-off

Supreme Court calls details of PSM sell-off

A Supreme Court bench, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Abdul Hameed Dogar and Justice Saiyed Saeed Ashhad on Thursday called for details about the privatisation of Pakistan Steel Mills (PSM).
Published 19 May, 2006 12:00am
BRIndex30 down 530.95 points

BRIndex30 down 530.95 points

BRIndex30 registered a negative change of -530.95 or -4.47 percent on Thursday, closing at 11,340.68. The BRIndex30 made an intra-day high of 11,869.33 and low of 11,331.72. The volume amounted to 203,828,400, which is 86.50 percent of the total market an
Published 19 May, 2006 12:00am
BRIndex30 down 530.95 points

BRIndex30 down 530.95 points

BRIndex30 registered a negative change of -530.95 or -4.47 percent on Thursday, closing at 11,340.68. The BRIndex30 made an intra-day high of 11,869.33 and low of 11,331.72. The volume amounted to 203,828,400, which is 86.50 percent of the total market an
Published 19 May, 2006 12:00am
Musharraf approves roadmap to produce skilled workforce

Musharraf approves roadmap to produce skilled workforce

President General Pervez Musharraf assured on Thursday the government's full support to promoting technical and vocational training across the country as he okayed a roadmap to substantially improve quality and number of workforce per annum to meet demand
Published 19 May, 2006 12:00am
Musharraf approves roadmap to produce skilled workforce

Musharraf approves roadmap to produce skilled workforce

President General Pervez Musharraf assured on Thursday the government's full support to promoting technical and vocational training across the country as he okayed a roadmap to substantially improve quality and number of workforce per annum to meet demand
Published 19 May, 2006 12:00am
Musharraf approves roadmap to produce skilled workforce

Musharraf approves roadmap to produce skilled workforce

President General Pervez Musharraf assured on Thursday the government''s full support to promoting technical and vocational training across the country as he okayed a roadmap to substantially improve quality and number of workforce per annum to meet deman
Published 19 May, 2006 12:00am
LSE index down 229.34 points

LSE index down 229.34 points

Share values failed to maintain the bullish trend and fell prey again to budget-related rumours on Lahore Stock Exchange (LSE), with the index shedding 229.34 points.
Published 19 May, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 18, 2006).

Published 19 May, 2006 12:00am
LSE index down 229.34 points

LSE index down 229.34 points

Share values failed to maintain the bullish trend and fell prey again to budget-related rumours on Lahore Stock Exchange (LSE), with the index shedding 229.34 points.
Published 19 May, 2006 12:00am
ISE undergoes massive erosion

ISE undergoes massive erosion

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where selling pressure intensified in star performer stocks amid decrease in index.
Published 19 May, 2006 12:00am
ISE undergoes massive erosion

ISE undergoes massive erosion

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where selling pressure intensified in star performer stocks amid decrease in index.
Published 19 May, 2006 12:00am
German economy can absorb euro movements: foreign minister

German economy can absorb euro movements: foreign minister

The recent rise in the euro against the dollar does not pose a danger for the German economy, Finance Minister Peer Steinbrueck said on Thursday, a day after the Economy Ministry warned the surging currency could hit exports.
Published 19 May, 2006 12:00am
Africans must not walk away from WTO talks: analysts

Africans must not walk away from WTO talks: analysts

Africans must use WTO talks to press for more market access and fairer farm rules, officials and industry analysts said on Thursday, rejecting calls for the continent to walk away from the negotiations.
Published 19 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 18, 2006).

Published 19 May, 2006 12:00am
Canada's inflation rate rises

Canada's inflation rate rises

Higher gasoline prices drove Canada's annual inflation rate up to 2.4 percent in April as expected but core inflation, closely watched by the Bank of Canada, showed a surprise decline in the month.
Published 19 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 18, 2006).

Published 19 May, 2006 12:00am
Qatar ethylene cracker aims to be world's largest

Qatar ethylene cracker aims to be world's largest

An $800 million ethylene cracker in Qatar will aim for a capacity of 1.6 million tonnes per year, up from a planned 1.3 million, making it the largest in the world, the Qatari oil minister said on Thursday.
Published 19 May, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 18, 2006).

Published 19 May, 2006 12:00am
Blair asks Musharraf to stop Briton being hanged

Blair asks Musharraf to stop Briton being hanged

Britain asked President Pervez Musharraf on Thursday to stop the hanging of a British man convicted of shooting dead a taxi driver 18 years ago. Mirza Tahir Hussain, from Leeds, northern England, is due to face the gallows on June 3, two days after his 36
Published 19 May, 2006 12:00am
Blair asks Musharraf to stop Briton being hanged

Blair asks Musharraf to stop Briton being hanged

Britain asked President Pervez Musharraf on Thursday to stop the hanging of a British man convicted of shooting dead a taxi driver 18 years ago. Mirza Tahir Hussain, from Leeds, northern England, is due to face the gallows on June 3, two days after his 36
Published 19 May, 2006 12:00am
Pakistan trains militants: Karzai

Pakistan trains militants: Karzai

Pakistan is training militants and sending then into Afghanistan but Islamabad should realise it no longer has power to determine events in Afghanistan, Afghan President Hamid Karzai was quoted as saying on Thursday.
Published 19 May, 2006 12:00am
Pakistan trains militants: Karzai

Pakistan trains militants: Karzai

Pakistan is training militants and sending then into Afghanistan but Islamabad should realise it no longer has power to determine events in Afghanistan, Afghan President Hamid Karzai was quoted as saying on Thursday.
Published 19 May, 2006 12:00am
Wheat procurement to surpass target

Wheat procurement to surpass target

Public and private sector data suggest that wheat procurement would cross the target of 20.5 million tonnes. An official of the Ministry of Food, Agriculture and Livestock told Business Recorder on Thursday that all the three major buyers (Sindh an
Published 19 May, 2006 12:00am
Wheat procurement to surpass target

Wheat procurement to surpass target

Public and private sector data suggest that wheat procurement would cross the target of 20.5 million tonnes. An official of the Ministry of Food, Agriculture and Livestock told Business Recorder on Thursday that all the three major buyers (Sindh an
Published 19 May, 2006 12:00am
Wheat procurement to surpass target

Wheat procurement to surpass target

Public and private sector data suggest that wheat procurement would cross the target of 20.5 million tonnes. An official of the Ministry of Food, Agriculture and Livestock told Business Recorder on Thursday that all the three major buyers (Sindh an
Published 19 May, 2006 12:00am
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