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Print - 2006-06-05
Mixed trend on LSE

Mixed trend on LSE

Share prices continued drifting lower amid worries of new taxation in the forthcoming budget and some internal problems due to a tug-of-war among market stalwarts, but stormed back on third day of the week, ending over a month-long losing streak and recov
Published 05 Jun, 2006 12:00am
Mixed trend on LSE

Mixed trend on LSE

Share prices continued drifting lower amid worries of new taxation in the forthcoming budget and some internal problems due to a tug-of-war among market stalwarts, but stormed back on third day of the week, ending over a month-long losing streak and recov
Published 05 Jun, 2006 12:00am
Five livestock projects of Rs 4.52 billion to be undertaken

Five livestock projects of Rs 4.52 billion to be undertaken

The government is undertaking five projects at a cost of Rs4.52 billion for strengthening of livestock services, construction of animal quarantine stations, livestock and dairy development board besides launching Pakistan Dairy Development Company.
Published 05 Jun, 2006 12:00am
State Bank to continue tight monetary policy

State Bank to continue tight monetary policy

The government has said that the State Bank of Pakistan would review its stance for monetary policy in the next fiscal year by taking all available macro developments. Before that it would continue tight monetary policy until inflationary pressures ease o
Published 05 Jun, 2006 12:00am
State Bank to continue tight monetary policy

State Bank to continue tight monetary policy

The government has said that the State Bank of Pakistan would review its stance for monetary policy in the next fiscal year by taking all available macro developments. Before that it would continue tight monetary policy until inflationary pressures ease o
Published 05 Jun, 2006 12:00am
State Bank to continue tight monetary policy

State Bank to continue tight monetary policy

The government has said that the State Bank of Pakistan would review its stance for monetary policy in the next fiscal year by taking all available macro developments. Before that it would continue tight monetary policy until inflationary pressures ease o
Published 05 Jun, 2006 12:00am
Tax exemptions cost 11.9 percent less

Tax exemptions cost 11.9 percent less

Tax exemptions to various sectors have cost the government Rs 21.91 billion during 2005-06, against Rs 24.87 billion in 2004-05, reflecting a decrease of 11.9 percent.
Published 05 Jun, 2006 12:00am
Tax exemptions cost 11.9 percent less

Tax exemptions cost 11.9 percent less

Tax exemptions to various sectors have cost the government Rs 21.91 billion during 2005-06, against Rs 24.87 billion in 2004-05, reflecting a decrease of 11.9 percent.
Published 05 Jun, 2006 12:00am
Tax exemptions cost 11.9 percent less

Tax exemptions cost 11.9 percent less

Tax exemptions to various sectors have cost the government Rs 21.91 billion during 2005-06, against Rs 24.87 billion in 2004-05, reflecting a decrease of 11.9 percent.
Published 05 Jun, 2006 12:00am
Eligibility criteria relaxed for SMEs: limit raised to 100 workers

Eligibility criteria relaxed for SMEs: limit raised to 100 workers

The Federal Government has decided to relax eligibility criteria for small enterprises to enjoy most of the facilities and concessions normally available to businesses by raising the minimum employment bar from 50 to 100, it is reliably learnt.
Published 05 Jun, 2006 12:00am
Eligibility criteria relaxed for SMEs: limit raised to 100 workers

Eligibility criteria relaxed for SMEs: limit raised to 100 workers

The Federal Government has decided to relax eligibility criteria for small enterprises to enjoy most of the facilities and concessions normally available to businesses by raising the minimum employment bar from 50 to 100, it is reliably learnt.
Published 05 Jun, 2006 12:00am
Eligibility criteria relaxed for SMEs: limit raised to 100 workers

Eligibility criteria relaxed for SMEs: limit raised to 100 workers

The Federal Government has decided to relax eligibility criteria for small enterprises to enjoy most of the facilities and concessions normally available to businesses by raising the minimum employment bar from 50 to 100, it is reliably learnt.
Published 05 Jun, 2006 12:00am
Inflation down to 8 percent

Inflation down to 8 percent

Inflation, which impacts the poor disproportionately, has come down by 1.3 percentage points to 8 percent during ten months (July-April) of the current fiscal year , the government said on Sunday.
Published 05 Jun, 2006 12:00am
Inflation down to 8 percent

Inflation down to 8 percent

Inflation, which impacts the poor disproportionately, has come down by 1.3 percentage points to 8 percent during ten months (July-April) of the current fiscal year , the government said on Sunday.
Published 05 Jun, 2006 12:00am
Inflation down to 8 percent

Inflation down to 8 percent

Inflation, which impacts the poor disproportionately, has come down by 1.3 percentage points to 8 percent during ten months (July-April) of the current fiscal year , the government said on Sunday.
Published 05 Jun, 2006 12:00am
KSE ranks No 3 in world stock indices

KSE ranks No 3 in world stock indices

The extensive reforms introduced by the present government has helped in strengthening the system and bringing the stock market of Pakistan at par with the leading stock exchanges of the world as during the current fiscal year the KSE ranked Third in the
Published 05 Jun, 2006 12:00am
KSE ranks No 3 in world stock indices

KSE ranks No 3 in world stock indices

The extensive reforms introduced by the present government has helped in strengthening the system and bringing the stock market of Pakistan at par with the leading stock exchanges of the world as during the current fiscal year the KSE ranked Third in the
Published 05 Jun, 2006 12:00am
KSE ranks No 3 in world stock indices

KSE ranks No 3 in world stock indices

The extensive reforms introduced by the present government has helped in strengthening the system and bringing the stock market of Pakistan at par with the leading stock exchanges of the world as during the current fiscal year the KSE ranked Third in the
Published 05 Jun, 2006 12:00am
Investment in futures, CFS declines

Investment in futures, CFS declines

Erratic movement and steep declines in share values forced a number of investors to reduce their positions both in the futures market and CFS resulting in declining financing rates.
Published 05 Jun, 2006 12:00am
Investment in futures, CFS declines

Investment in futures, CFS declines

Erratic movement and steep declines in share values forced a number of investors to reduce their positions both in the futures market and CFS resulting in declining financing rates.
Published 05 Jun, 2006 12:00am
Investment in futures, CFS declines

Investment in futures, CFS declines

Erratic movement and steep declines in share values forced a number of investors to reduce their positions both in the futures market and CFS resulting in declining financing rates.
Published 05 Jun, 2006 12:00am
Investment in futures, CFS declines

Investment in futures, CFS declines

Erratic movement and steep declines in share values forced a number of investors to reduce their positions both in the futures market and CFS resulting in declining financing rates.
Published 05 Jun, 2006 12:00am
Stock market records substantial declines

Stock market records substantial declines

The stock market last week recorded substantial declines owing to negative rumours related to budgetary measures due to be announced on Monday. This badly dampened the investors'' mood, which forced the seasoned and institutional investors to stay away fr
Published 05 Jun, 2006 12:00am
Stock market records substantial declines

Stock market records substantial declines

The stock market last week recorded substantial declines owing to negative rumours related to budgetary measures due to be announced on Monday. This badly dampened the investors' mood, which forced the seasoned and institutional investors to stay away fro
Published 05 Jun, 2006 12:00am
Stock market records substantial declines

Stock market records substantial declines

The stock market last week recorded substantial declines owing to negative rumours related to budgetary measures due to be announced on Monday. This badly dampened the investors' mood, which forced the seasoned and institutional investors to stay away fro
Published 05 Jun, 2006 12:00am
Power generation marginally up

Power generation marginally up

Despite two percent increase of energy supply, the electricity generation showed only a marginal increase of 0.3 percent, while the number of consumers increased to 15.6 million from 14.9 million, says Economic Survey 2005-06.
Published 05 Jun, 2006 12:00am
Power generation marginally up

Power generation marginally up

Despite two percent increase of energy supply, the electricity generation showed only a marginal increase of 0.3 percent, while the number of consumers increased to 15.6 million from 14.9 million, says Economic Survey 2005-06.
Published 05 Jun, 2006 12:00am
Power generation marginally up

Power generation marginally up

Despite two percent increase of energy supply, the electricity generation showed only a marginal increase of 0.3 percent, while the number of consumers increased to 15.6 million from 14.9 million, says Economic Survey 2005-06.
Published 05 Jun, 2006 12:00am
Textile sector fails to actualise 32 percent growth

Textile sector fails to actualise 32 percent growth

The country''s textile and its made-ups have failed to actualise its exports target of 32 percent market share in the post-quota regime and had hardly bagged 21 percent, depicting a decline of 11 percent, industry sources said.
Published 05 Jun, 2006 12:00am
Textile sector fails to actualise 32 percent growth

Textile sector fails to actualise 32 percent growth

The country's textile and its made-ups have failed to actualise its exports target of 32 percent market share in the post-quota regime and had hardly bagged 21 percent, depicting a decline of 11 percent, industry sources said.
Published 05 Jun, 2006 12:00am
Textile sector fails to actualise 32 percent growth

Textile sector fails to actualise 32 percent growth

The country's textile and its made-ups have failed to actualise its exports target of 32 percent market share in the post-quota regime and had hardly bagged 21 percent, depicting a decline of 11 percent, industry sources said.
Published 05 Jun, 2006 12:00am
FDI reaches $3.02 billion

FDI reaches $3.02 billion

Foreign Direct Investment (FDI) in the first ten months (July-April) of the current fiscal year has reached $3.02 billion - the highest ever in the country''s history, as against $0.89 billion in the same period last year, thus, registering an increase of
Published 05 Jun, 2006 12:00am
FDI reaches $3.02 billion

FDI reaches $3.02 billion

Foreign Direct Investment (FDI) in the first ten months (July-April) of the current fiscal year has reached $3.02 billion - the highest ever in the country's history, as against $0.89 billion in the same period last year, thus, registering an increase of
Published 05 Jun, 2006 12:00am
FDI reaches $3.02 billion

FDI reaches $3.02 billion

Foreign Direct Investment (FDI) in the first ten months (July-April) of the current fiscal year has reached $3.02 billion - the highest ever in the country's history, as against $0.89 billion in the same period last year, thus, registering an increase of
Published 05 Jun, 2006 12:00am
Direct taxes'' share rises to 31 percent

Direct taxes'' share rises to 31 percent

The share of direct taxes in total CBR collection has increased from 18 percent in 1990-1991 to 31 percent in 2005-06. The Economic Survey revealed that the share of indirect taxes declined from 82 to 69 percent during the period under review. Within the
Published 05 Jun, 2006 12:00am
Direct taxes' share rises to 31 percent

Direct taxes' share rises to 31 percent

The share of direct taxes in total CBR collection has increased from 18 percent in 1990-1991 to 31 percent in 2005-06. The Economic Survey revealed that the share of indirect taxes declined from 82 to 69 percent during the period under review. Within the
Published 05 Jun, 2006 12:00am
Direct taxes' share rises to 31 percent

Direct taxes' share rises to 31 percent

The share of direct taxes in total CBR collection has increased from 18 percent in 1990-1991 to 31 percent in 2005-06. The Economic Survey revealed that the share of indirect taxes declined from 82 to 69 percent during the period under review. Within the
Published 05 Jun, 2006 12:00am
THE RUPEE: foreign exchange market mixed on budget eve

THE RUPEE: foreign exchange market mixed on budget eve

The rupee in the starting sessions of last week got hurt modestly as importers indulged in forward buying of dollars on fears of further rise in dollar value, currency experts said. Later, the local currency improved as buying pressure eased during the cl
Published 05 Jun, 2006 12:00am
THE RUPEE: foreign exchange market mixed on budget eve

THE RUPEE: foreign exchange market mixed on budget eve

The rupee in the starting sessions of last week got hurt modestly as importers indulged in forward buying of dollars on fears of further rise in dollar value, currency experts said. Later, the local currency improved as buying pressure eased during the cl
Published 05 Jun, 2006 12:00am
Plan to expand capital market unveiled

Plan to expand capital market unveiled

Adviser to the Prime Minister on Finance Dr Salman Shah on Sunday unveiled a plan to expand capital market, besides strengthening the banking system in the next fiscal year.
Published 05 Jun, 2006 12:00am
Plan to expand capital market unveiled

Plan to expand capital market unveiled

Adviser to the Prime Minister on Finance Dr Salman Shah on Sunday unveiled a plan to expand capital market, besides strengthening the banking system in the next fiscal year.
Published 05 Jun, 2006 12:00am
Plan to expand capital market unveiled

Plan to expand capital market unveiled

Adviser to the Prime Minister on Finance Dr Salman Shah on Sunday unveiled a plan to expand capital market, besides strengthening the banking system in the next fiscal year.
Published 05 Jun, 2006 12:00am
Plan to expand capital market unveiled

Plan to expand capital market unveiled

Adviser to the Prime Minister on Finance Dr Salman Shah on Sunday unveiled a plan to expand capital market, besides strengthening the banking system in the next fiscal year.
Published 05 Jun, 2006 12:00am
Federal Budget today

Federal Budget today

Whether a ''relief'' dream of downtrodden poor in Pakistan comes true, or is shattered, may be clear late on Monday evening when the government unveils the federal budget for 2006-07 in the National Assembly.
Published 05 Jun, 2006 12:00am
Federal Budget today

Federal Budget today

Whether a 'relief' dream of downtrodden poor in Pakistan comes true, or is shattered, may be clear late on Monday evening when the government unveils the federal budget for 2006-07 in the National Assembly.
Published 05 Jun, 2006 12:00am
Federal Budget today

Federal Budget today

Whether a 'relief' dream of downtrodden poor in Pakistan comes true, or is shattered, may be clear late on Monday evening when the government unveils the federal budget for 2006-07 in the National Assembly.
Published 05 Jun, 2006 12:00am
Wetlands and their role to prevent desertification

Wetlands and their role to prevent desertification

The wetlands are considered most productive areas as far as biodiversity is concerened and they may be compared to tropical land forests or coral reefs. Earlier they were considered merely swamps and there importance related to biodiversity and ecology wa
Published 05 Jun, 2006 12:00am
World Environment Day

World Environment Day

Every year World Environment Day is celebrated all over the world on 5th June to revive the pledge of mankind for the protection and conservation of our natural environment. At local, national and international level wide variety of programs are arranged
Published 05 Jun, 2006 12:00am
Economic Survey 2005-06: overview of the economy

Economic Survey 2005-06: overview of the economy

The money supply during July-April 22, 2006 of the current fiscal year expanded by Rs 294.9 billion or 9.9 percent as against an expansion of Rs 332.4 billion or 13.34 percent in the same period last year. The pace of monetary expansion remained well with
Published 05 Jun, 2006 12:00am
Economic Survey 2005-06: overview of the economy

Economic Survey 2005-06: overview of the economy

The money supply during July-April 22, 2006 of the current fiscal year expanded by Rs 294.9 billion or 9.9 percent as against an expansion of Rs 332.4 billion or 13.34 percent in the same period last year. The pace of monetary expansion remained well with
Published 05 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Sunday (June 04, 2006) and the forecast for Monday (June 05, 2006).
Published 05 Jun, 2006 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 29 to June 03, 2006).

Published 05 Jun, 2006 12:00am
Most of people above 30 years at risk of hemorrhoids

Most of people above 30 years at risk of hemorrhoids

More than half the population above the age of 30 is likely to suffer from hemorrhoids which becomes a large figure in Karachi only. This was disclosed by Assistant Professor and Consultant, Section of General Surgery, Department of Surgery at AKU Dr Tabi
Published 05 Jun, 2006 12:00am
Staying physically fit prevents Alzheimer

Staying physically fit prevents Alzheimer

Keeping fighting fit as people approach old age may help them stave off the risk of developing dementia and Alzheimer's disease, a new study has found. Conversely being in poor physical shape is an open invitation to early declines in mental ability.
Published 05 Jun, 2006 12:00am
Best protection from infectious diseases is prevention

Best protection from infectious diseases is prevention

The best protection from infectious diseases is prevention, paediatricians say. Out of 50 million people who die each year, 17 million die of infectious diseases. This translates to 50,000 deaths daily caused by infections alone.
Published 05 Jun, 2006 12:00am
HEALTH UPDATE: over time, memories may grow more positive

HEALTH UPDATE: over time, memories may grow more positive

When recalling memories of negative or positive events that helped to shape our identity, such as a break-up or marriage, we tend to downplay the fear, anger or other negative emotions experienced at the time and remember more of the positive emotions, ne
Published 05 Jun, 2006 12:00am
HEALTH UPDATE: depressed boys become smokers

HEALTH UPDATE: depressed boys become smokers

Adding to the growing evidence that mental illness in childhood can lead to problems later in life, a new Finnish study suggests that depressed kids are more likely to grow up to become smokers.
Published 05 Jun, 2006 12:00am
HEALTH UPDATE: eat iron and keep your hair

HEALTH UPDATE: eat iron and keep your hair

Could iron deficiency be key to baldness? The answer is yes, according to researchers at the Cleveland Clinic, who reviewed scientific literature on the connection published over the past 40 years.
Published 05 Jun, 2006 12:00am
Japan firms may scrap joint chip output plan

Japan firms may scrap joint chip output plan

Hitachi Ltd, Toshiba Corp and Renesas Technology Corp are likely to scrap their plans to jointly make chips due to expectations that such a venture would not make money, the Nihon Keizai Shimbun reported on June 2.
Published 05 Jun, 2006 12:00am
China PC sales with Windows jump in first quarter

China PC sales with Windows jump in first quarter

The number of PCs sold in China containing legal copies of Microsoft's Windows operating system doubled in the first quarter from the fourth, as major vendors joined a campaign to stamp out piracy, new data showed.
Published 05 Jun, 2006 12:00am
Study finds companies snooping on employee e-mail

Study finds companies snooping on employee e-mail

Big Brother is not only watching but he is also reading your e-mail. According to a new study, about a third of big companies in the United States and Britain hire employees to read and analyse outbound e-mail as they seek to guard against legal, financia
Published 05 Jun, 2006 12:00am
Yahoo creates home for online video community

Yahoo creates home for online video community

US Internet search giant Yahoo launched a video-sharing service on May 31 in a move that could capitalise on a hot online trend made clear by the popular young YouTube website.
Published 05 Jun, 2006 12:00am
Nokia steps up action against counterfeiters

Nokia steps up action against counterfeiters

Nokia, the world's biggest maker of mobile phones, said on May 30, it was stepping up its programme to fight counterfeiters and distributors of fake handsets.
Published 05 Jun, 2006 12:00am
DoCoMo aims to put mobile search on par with PCs

DoCoMo aims to put mobile search on par with PCs

NTT DoCoMo Inc will introduce later this year improved search engine functionality enabling cellphone users to surf the Internet as if using a PC, the president of Japan's top mobile operator said on May 01.
Published 05 Jun, 2006 12:00am
Motorola targets gain in China market share

Motorola targets gain in China market share

Motorola Inc is aiming to further expand its share in China, the world's second largest cellphone market, to match or beat its global average, a China executive said on May 30 .
Published 05 Jun, 2006 12:00am
Motorola targets gain in China market share

Motorola targets gain in China market share

Motorola Inc is aiming to further expand its share in China, the world's second largest cellphone market, to match or beat its global average, a China executive said on May 30 .
Published 05 Jun, 2006 12:00am
AMD to launch new laptop chip

AMD to launch new laptop chip

Advanced Micro Devices Inc said it will offer a new chip for laptop computers and said it expects to be able to supply one-third of the market for computer microprocessors by 2008, stepping up its challenge to rival Intel Corp's dominance.
Published 05 Jun, 2006 12:00am
Security software sales tipped at $1.7 billion in 2010

Security software sales tipped at $1.7 billion in 2010

Sales of security software in the Asia-Pacific region excluding Japan are projected to increase to 1.7 billion US dollars by 2010 from 805 million dollars last year, an industry research group said June 01.
Published 05 Jun, 2006 12:00am
Renesas and Powerchip link up on four-giga AND flash

Renesas and Powerchip link up on four-giga AND flash

Japan's Renesas Technology Corp and Taiwan's Powerchip Semiconductor Corp said on June 01 they have agreed to cooperate on 4-gigabit flash memory chips, expanding their existing ties.
Published 05 Jun, 2006 12:00am
ASML's top chip machines in production

ASML's top chip machines in production

Dutch chip equipment maker ASML said on June 02 its most advanced immersion lithography equipment was being used by customers for commercial production.
Published 05 Jun, 2006 12:00am
In short: Dell debuts XPS computers for entertainment

In short: Dell debuts XPS computers for entertainment

Dell Inc on May 31 rolled out three new personal computers aimed at consumers who are willing to pay a premium for machines they use to play games, music and video. Alex Gruzen, senior vice president of Dell Product Group, said the XPS M1210, XPS M2010 an
Published 05 Jun, 2006 12:00am
Bombardier earnings slump

Bombardier earnings slump

First-quarter earnings fell at Bombardier Inc after the company took a charge for job cuts at its train-making unit, and disappointing overall results sent its share price down 15 percent on May 30.
Published 05 Jun, 2006 12:00am
Bombardier earnings slump

Bombardier earnings slump

First-quarter earnings fell at Bombardier Inc after the company took a charge for job cuts at its train-making unit, and disappointing overall results sent its share price down 15 percent on May 30.
Published 05 Jun, 2006 12:00am
Wipro buys Enabler for 41 million euros

Wipro buys Enabler for 41 million euros

India's third-largest software services exporter, Wipro Ltd, said on June 01, it had agreed to acquire Europe-based retail solutions provider Enabler for about 41 million euros ($52.41 million) in an all-cash deal.
Published 05 Jun, 2006 12:00am
Lloyds, Barclays cut credit card charges after probe

Lloyds, Barclays cut credit card charges after probe

UK banks Barclays and Lloyds TSB are to nearly halve penalties for late payment of credit-card bills after Britain's consumer watchdog said the industry was overcharging customers.
Published 05 Jun, 2006 12:00am
General Motors' US sales plummet 16 percent

General Motors' US sales plummet 16 percent

High gas prices, rising interest rates and a drop in sales to rental car companies pushed General Motors Corp's US sales down 16 percent in May to 345,157 vehicles, the automaker said on June 01.
Published 05 Jun, 2006 12:00am
General Motors' US sales plummet 16 percent

General Motors' US sales plummet 16 percent

High gas prices, rising interest rates and a drop in sales to rental car companies pushed General Motors Corp's US sales down 16 percent in May to 345,157 vehicles, the automaker said on June 01.
Published 05 Jun, 2006 12:00am
Tiffany profit beats estimates

Tiffany profit beats estimates

Tiffany & Co Inc on May 31 posted a better-than-expected 8 percent rise in quarterly earnings on strong international sales and as the luxury jeweller raised prices on some items to help offset higher costs for precious metals and diamonds.
Published 05 Jun, 2006 12:00am
Tiffany profit beats estimates

Tiffany profit beats estimates

Tiffany & Co Inc on May 31 posted a better-than-expected 8 percent rise in quarterly earnings on strong international sales and as the luxury jeweller raised prices on some items to help offset higher costs for precious metals and diamonds.
Published 05 Jun, 2006 12:00am