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Print - 2006-07-07
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jul, 2006 12:00am
Increase in ETPB's property rent resented

Increase in ETPB's property rent resented

Expressing grave concern over the increase in rent up to 800 percent of Evacuee property by the Evacuee Trust Proper Board (ETPB), Central Secretary Finance Pakistan Muslim League (N) Mohammad Pervaiz Malik MNA, has asked the government to withdraw the in
Published 07 Jul, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jul, 2006 12:00am
Musharraf ready to quit, claims Hashmi

Musharraf ready to quit, claims Hashmi

Pakistan Muslim League-Nawaz acting chief, Makhdoom Javed Hashmi has said that game of military generals is over and now General Pervez Musharraf is ready to quit anytime. "Now we should prepare ourselves for the arising situation, general elections."
Published 07 Jul, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (July 06, 2006).

Published 07 Jul, 2006 12:00am
Second Kohat tunnel feasibility study under way

Second Kohat tunnel feasibility study under way

The Japanese International Co-operation Agency (Jica) is conducting feasibility of second Kohat tunnel and access road project under the Pakistan Transport Plan Study (PTPS) phase-II.
Published 07 Jul, 2006 12:00am
Heatwave claims 12 lives in Khairpur

Heatwave claims 12 lives in Khairpur

At least 12 people have died and over 50 hospitalised due to scorching heat during the last 24 hours in Khairpur district. According to information collected from all over the district, the temperature soared to 50 degree centigrade, which claimed 12 live
Published 07 Jul, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jul, 2006 12:00am
India to hold Pakistani movies festival

India to hold Pakistani movies festival

India will hold the festival of Pakistani movies, Minister for Culture Dr G G Jamal said on Thursday. Talking to private TV channel, he said as many as six movies are being taken to India for exhibiting Pakistani talent there.
Published 07 Jul, 2006 12:00am
Jewellers make hay in absence of regulatory mechanism

Jewellers make hay in absence of regulatory mechanism

Hundreds of thousands of gold dealers (jewellers) across the country are fleecing consumers by overcharging in the absence of any official regulatory mechanism and cheating them by selling impure ornaments without the presence of any standard quality test
Published 07 Jul, 2006 12:00am
Fazl in catch-22 situation after ARD's ultimatum

Fazl in catch-22 situation after ARD's ultimatum

Muttahida Majlis-i-Amal Leader Maulana Fazlur Rehman appears to be in a catch-22 situation after the Alliance for Restoration of Democracy (ARD) ultimatum to the government. He has to take a decision within days about his course of action, which will have
Published 07 Jul, 2006 12:00am
Kabul opposed to fencing border: Sherpao

Kabul opposed to fencing border: Sherpao

A peaceful Afghanistan is more beneficial for Pakistan rather than the one in turmoil because of growing trade with Kabul that has touched $1.5 billion mark, interior minister Aftab Ahmed Khan Sherpao said.
Published 07 Jul, 2006 12:00am
NIC and GTZ sign MoU

NIC and GTZ sign MoU

The National Institute for Competitiveness (NIC) has signed a memorandum of understanding (MoU) with the German Technical Co-operation (GTZ) to launch a corporate social responsibility programme for Pakistan's industry.
Published 07 Jul, 2006 12:00am
World Bank team meets Salman

World Bank team meets Salman

A four-member World Bank educationists' team led by Benoit Millot, a lead education specialist, called on adviser to prime minister on finance and economic affairs Dr Salman Shah here on Thursday. Minister of state for finance Omar Ayub Khan was also pres
Published 07 Jul, 2006 12:00am
Cement sales up 12.6 percent

Cement sales up 12.6 percent

Cement sales during the last fiscal year showed a growth of 12.6 percent, reaching at 18.4 million tons - the highest number of dispatches made by the cement industry in its history.
Published 07 Jul, 2006 12:00am
'MQM to contest polls from across country'

'MQM to contest polls from across country'

Muttahida Qaumi Movement will put up candidates throughout the county in the 2007 general elections, MQM parliamentary leader Farooq Sattar said. Addressing a news conference here on Wednesday he expressed the confidence that the MQM manifesto would win v
Published 07 Jul, 2006 12:00am
JUP announces full support to MMA's movement

JUP announces full support to MMA's movement

Jamiat Ulema-e-Pakistan (JUP) has announced full support to MMA's movement to be launched against President Pervez Musharraf and sitting government from July 16.
Published 07 Jul, 2006 12:00am
Telenor introduces TalkShawk

Telenor introduces TalkShawk

Telenor has introduced TalkShawk, Chief Marketing Officer of Telenor, Bjorn Taale Sandberg announced here. Sandberg asserted that the TalkShawk is the most competitively priced prepared package in the market.
Published 07 Jul, 2006 12:00am
PPPP slams NAB for occupying Chamba House

PPPP slams NAB for occupying Chamba House

The Pakistan People's Party Parliamentarians (PPPP) on Wednesday castigated National Accountability Bureau (NAB) Chairman Lieutenant General Shahid Aziz (Retd) for not showing up at the recent meeting of Senate's Standing Committee on Housing and Works' o
Published 07 Jul, 2006 12:00am
Benazir for judicial probe into Achakzai's murder

Benazir for judicial probe into Achakzai's murder

Pakistan Peoples Party on Thursday expressed shock and grief over the brutal murder of Abdul Samad Achakzai of the Pakhtoonkhwa Milli Awami Party in Quetta and asked for early arrest of the culprits. PPP Chairperson Benazir Bhutto, in a statement, called
Published 07 Jul, 2006 12:00am
PPPP lambastes gas price hike

PPPP lambastes gas price hike

The Pakistan Peoples' Party Parliamentarians (PPPP) on Thursday castigated the government for increase in gas tariff and termed it anti-people. PPP central information secretary Sherry Rehman in a statement lambasted the government's move to increase gas
Published 07 Jul, 2006 12:00am
CoD termed milestone for democracy

CoD termed milestone for democracy

Speakers at a function organised by People Lawyers Forum (PLF) have said that Charter of Democracy (CoD) would prove milestone for democracy in the country.
Published 07 Jul, 2006 12:00am
Mobile companies asked to check crimes committed through illegal SIMs

Mobile companies asked to check crimes committed through illegal SIMs

Sindh Home Minister, Rauf Siddiqi has directed that all the mobile telephone companies should take immediate steps to check crimes committed through illegal SIMs. He was speaking as chief guest at a function held at Bahadur Yar Jung Academy here on Thursd
Published 07 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 06, 2006).

Published 07 Jul, 2006 12:00am
Steps being taken to overcome power shortage problem: Shaukat

Steps being taken to overcome power shortage problem: Shaukat

Prime Minister Shaukat Aziz has said the government is fully aware of problems being faced by the people of Karachi due to power shortage and is taking remedial measures to bridge the gap between supply and demand of electricity.
Published 07 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 06, 2006).

Published 07 Jul, 2006 12:00am
Heavy rains lash lower Sindh

Heavy rains lash lower Sindh

Heavy rains lashed major parts of lower Sindh on Thursday evening, disrupting power supply to Mirpurkhas, Umerkot, Sanghar and Tharparkar districts from Grid Station Mirpurkhas and inundating low-lying areas with almost knee-deep water.
Published 07 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 06, 2006).

Published 07 Jul, 2006 12:00am
Heavy rains lash lower Sindh

Heavy rains lash lower Sindh

Heavy rains lashed major parts of lower Sindh on Thursday evening, disrupting power supply to Mirpurkhas, Umerkot, Sanghar and Tharparkar districts from Grid Station Mirpurkhas and inundating low-lying areas with almost knee-deep water.
Published 07 Jul, 2006 12:00am
Soaring ''twin deficits'' posing threat to economy: SBP

Soaring ''twin deficits'' posing threat to economy: SBP

The soaring "twin deficits", ie, current account and fiscal deficit is posing threat to the national economy simultaneously on both internal and external fronts, as the State Bank of Pakistan (SBP) on Thursday reported that the current account deficit dur
Published 07 Jul, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 06, 2006).

Published 07 Jul, 2006 12:00am
Soaring 'twin deficits' posing threat to economy: SBP

Soaring 'twin deficits' posing threat to economy: SBP

The soaring "twin deficits", ie, current account and fiscal deficit is posing threat to the national economy simultaneously on both internal and external fronts, as the State Bank of Pakistan (SBP) on Thursday reported that the current account deficit dur
Published 07 Jul, 2006 12:00am
Soaring 'twin deficits' posing threat to economy: SBP

Soaring 'twin deficits' posing threat to economy: SBP

The soaring "twin deficits", ie, current account and fiscal deficit is posing threat to the national economy simultaneously on both internal and external fronts, as the State Bank of Pakistan (SBP) on Thursday reported that the current account deficit dur
Published 07 Jul, 2006 12:00am
Two cops held over IoK musician's murder

Two cops held over IoK musician's murder

Two occupation policemen have been arrested in Indian occupied Kashmir over the weekend for the gunning down of a musician that sparked a wave of protest in the occupied Srinagar, police said on Thursday. "We have arrested two Central Reserve Police Force
Published 07 Jul, 2006 12:00am
Two cops held over IoK musician's murder

Two cops held over IoK musician's murder

Two occupation policemen have been arrested in Indian occupied Kashmir over the weekend for the gunning down of a musician that sparked a wave of protest in the occupied Srinagar, police said on Thursday. "We have arrested two Central Reserve Police Force
Published 07 Jul, 2006 12:00am
SBP sells Rs 28,200 million treasury bills

SBP sells Rs 28,200 million treasury bills

The State Bank of Pakistan (SBP) sold a total of Rs 28,200 million of Market Treasury bills on Thursday in a four-day and two week repo operation to mop up funds from the money market.
Published 07 Jul, 2006 12:00am
SBP sells Rs 28,200 million treasury bills

SBP sells Rs 28,200 million treasury bills

The State Bank of Pakistan (SBP) sold a total of Rs 28,200 million of Market Treasury bills on Thursday in a four-day and two week repo operation to mop up funds from the money market.
Published 07 Jul, 2006 12:00am
SBP sells Rs 28,200 million treasury bills

SBP sells Rs 28,200 million treasury bills

The State Bank of Pakistan (SBP) sold a total of Rs 28,200 million of Market Treasury bills on Thursday in a four-day and two week repo operation to mop up funds from the money market.
Published 07 Jul, 2006 12:00am
SBP sells Rs 28,200 million treasury bills

SBP sells Rs 28,200 million treasury bills

The State Bank of Pakistan (SBP) sold a total of Rs 28,200 million of Market Treasury bills on Thursday in a four-day and two week repo operation to mop up funds from the money market.
Published 07 Jul, 2006 12:00am
M-3 Industrial city launching in September

M-3 Industrial city launching in September

Groundbrea-king ceremony of the M-3 Industrial City will be held in September 2006, said Mian Muhammad Latif, Chairman, Faisalabad Industrial Estate Development and Management Company (FIEDMC.
Published 07 Jul, 2006 12:00am
Bosnian Serb parliament adopts telecom sell-off plan

Bosnian Serb parliament adopts telecom sell-off plan

The parliament of Bosnia's Serb Republic adopted on Wednesday a government plan for the sale of a 65 percent stake in the country's number two telecoms operator, Telekom Srpske.
Published 07 Jul, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (July 06, 2006).

Published 07 Jul, 2006 12:00am
Sufficient sugar stocks available: PSMA

Sufficient sugar stocks available: PSMA

Chairman Pakistan Sugar Mills Association (PSMA), Chaudhry M Zaka Ashraf has said that sufficient stocks of sugar are available in the country and sugar supply to the market is in accordance with its demand and consumption.
Published 07 Jul, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (July 06, 2006).
Published 07 Jul, 2006 12:00am
NSC summoned on July 15

NSC summoned on July 15

President General Pervez Musharraf has summoned the meeting of the National Security Council (NSC) on July 15. The meeting would review national security and other important issues. All NSC members have been formally asked to attend the meeting.
Published 07 Jul, 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 (July 06, 2006).

Published 07 Jul, 2006 12:00am
NSC summoned on July 15

NSC summoned on July 15

President General Pervez Musharraf has summoned the meeting of the National Security Council (NSC) on July 15. The meeting would review national security and other important issues. All NSC members have been formally asked to attend the meeting.
Published 07 Jul, 2006 12:00am
By-polls to be held if opposition members resign: Shujaat

By-polls to be held if opposition members resign: Shujaat

Pakistan Muslim League President Chaudhry Shujaat Hussain on Thursday said if any party tried to create political and economic crisis in the country through tendering resignations from assemblies, the government has the option to hold by-elections and ext
Published 07 Jul, 2006 12:00am
Turkish firm to build wind power plant

Turkish firm to build wind power plant

The Zorlu Energy Group, one of the leaders of Turkish energy sector, plans to build a wind power plant in Pakistan. The company signed an agreement to establish a wind farm in Pakistan with a service life of 20 years. The Zorlu Energy Group said the wind
Published 07 Jul, 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 (July 06, 2006).

Published 07 Jul, 2006 12:00am
Tobacco dealers oppose levying of taxes

Tobacco dealers oppose levying of taxes

The Pakistan Tobacco Dealers Association and Small Cigarette Manufacturing Association on Thursday announced boycott of the purchase of tobacco from growers in protest against the levy of unnecessary taxes by NWFP and district governments in the province.
Published 07 Jul, 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 (July 06, 2006).

Published 07 Jul, 2006 12:00am
'Unscheduled load-shedding cripples Sialkot industry'

'Unscheduled load-shedding cripples Sialkot industry'

Sialkot Chamber of Commerce and industry (SCCI) President Dr Nouman Idris Butt has expressed deep concern over the unscheduled load-shedding, which crippled the industrial sector of this export-oriented city and hub of cottage industry of the country.
Published 07 Jul, 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 (July 06, 2006).

Published 07 Jul, 2006 12:00am
Imam to sue Italy over kidnap

Imam to sue Italy over kidnap

A radical Muslim cleric plans to sue Italy for 10 million euros ($12.73 million) for allegedly helping the CIA kidnap him in Milan in 2003 and fly him to Egypt, his lawyer told Reuters on Thursday. Two Italian spy chiefs were arrested on Wednesday in conn
Published 07 Jul, 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 07 Jul, 2006 12:00am
ISE index down 6.54 points

ISE index down 6.54 points

Bears returned in the front seat on the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE Ten index showed a decrease of 6.54 points, as the ten index moved from 2,572.53 to 2,565.99 points.
Published 07 Jul, 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 07 Jul, 2006 12:00am
ISE index down 6.54 points

ISE index down 6.54 points

Bears returned in the front seat on the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE Ten index showed a decrease of 6.54 points, as the ten index moved from 2,572.53 to 2,565.99 points.
Published 07 Jul, 2006 12:00am
Mixed trend on LSE

Mixed trend on LSE

Share prices turned mixed on Lahore Stock Exchange (LSE) on Thursday while late session pressure pushed the market in minus column, however, buying interest in cements averted major falls and it eventually ended with a marginal loss.
Published 07 Jul, 2006 12:00am