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Print - 2006-07-11
KSE index tumbles by 331 points

KSE index tumbles by 331 points

Bearish onslaught prevailed in all energy, banking and cement scrips at KSE on Monday as the market failed to convince leading investors and financial institutions to lend support. The KSE-100 index tumbled by 331 points, or 3.4 percent, to close at the 9
Published 11 Jul, 2006 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 10, 2006).
Published 11 Jul, 2006 12:00am
BRIndex30 loses 449.13 points

BRIndex30 loses 449.13 points

On the start of a new week, the BRIndex30 opened with a jump gap of 50.03 on Monday. It opened at 10,347.63 and remained in the red throughout the trading period, recording the low of 9,848.47 and high of 10,347.63.
Published 11 Jul, 2006 12:00am
BRIndex30 loses 449.13 points

BRIndex30 loses 449.13 points

On the start of a new week, the BRIndex30 opened with a jump gap of 50.03 on Monday. It opened at 10,347.63 and remained in the red throughout the trading period, recording the low of 9,848.47 and high of 10,347.63.
Published 11 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
Five firms allowed to establish power plants

Five firms allowed to establish power plants

The federal government has given approval to five business houses of the country to set up power plants at an estimated cost of around $1 billion, sources told Business Recorder on Monday. They said that the five business houses, which have been gi
Published 11 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
Five firms allowed to establish power plants

Five firms allowed to establish power plants

The federal government has given approval to five business houses of the country to set up power plants at an estimated cost of around $1 billion, sources told Business Recorder on Monday. They said that the five business houses, which have been gi
Published 11 Jul, 2006 12:00am
Five firms allowed to establish power plants

Five firms allowed to establish power plants

The federal government has given approval to five business houses of the country to set up power plants at an estimated cost of around $1 billion, sources told Business Recorder on Monday. They said that the five business houses, which have been gi
Published 11 Jul, 2006 12:00am
'Fokker fleet not being grounded'

'Fokker fleet not being grounded'

A government spokesman on Monday said no decision has yet been taken to ground PIA's Fokker F-27 fleet. Quashing reports in the media that the Prime Minister had ordered grounding of the fleet following crash of PK-688 at Multan, the spokesman said a high
Published 11 Jul, 2006 12:00am
LSE index down 193.90 points

LSE index down 193.90 points

The local share market nose-dived on Monday, following rising worries of market players after allegations levelled by a former SECP chief against brokers and government high-ups, holding them responsible for the March 2005 crisis.
Published 11 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
LSE index down 193.90 points

LSE index down 193.90 points

The local share market nose-dived on Monday, following rising worries of market players after allegations levelled by a former SECP chief against brokers and government high-ups, holding them responsible for the March 2005 crisis.
Published 11 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
Bears strengthen positions on ISE

Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE Ten index showed a decrease of 124.11 points, as the ten index moved from
Published 11 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
Bears strengthen positions on ISE

Bears strengthen positions on ISE

Bears strengthened their positions on the Islamabad Stock Exchange (ISE) where equities continued to show negative signs under the lead of hot favourite amid decrease in index. ISE Ten index showed a decrease of 124.11 points, as the ten index moved from
Published 11 Jul, 2006 12:00am
Ireland has 30,000 millionaires: report

Ireland has 30,000 millionaires: report

Ireland trails only Japan as the country with the highest average wealth per head, with 30,000 millionaires, according to a report on Monday from the private banking arm of one of Ireland's biggest commercial banks.
Published 11 Jul, 2006 12:00am
Flaws in system delaying payment of sales tax refunds

Flaws in system delaying payment of sales tax refunds

The Collectorate of Sales Tax has not paid a single penny in head of sales tax refund to the NWFP exporters as the pendency has climbed to Rs 1 billion in last three months, business circles told Business Recorder here on Monday.
Published 11 Jul, 2006 12:00am
NBP selected 'best foreign exchange bank in Pakistan, 2006'

NBP selected 'best foreign exchange bank in Pakistan, 2006'

Global Finance, New York, one of the leading financial journals, has selected National Bank of Pakistan (NBP) as "The Best Foreign Exchange Bank in Pakistan-2006". This is the third consecutive year that NBP has won this prestigious award.
Published 11 Jul, 2006 12:00am
NBP selected 'best foreign exchange bank in Pakistan, 2006'

NBP selected 'best foreign exchange bank in Pakistan, 2006'

Global Finance, New York, one of the leading financial journals, has selected National Bank of Pakistan (NBP) as "The Best Foreign Exchange Bank in Pakistan-2006". This is the third consecutive year that NBP has won this prestigious award.
Published 11 Jul, 2006 12:00am
NBP selected ''best foreign exchange bank in Pakistan, 2006''

NBP selected ''best foreign exchange bank in Pakistan, 2006''

Global Finance, New York, one of the leading financial journals, has selected National Bank of Pakistan (NBP) as "The Best Foreign Exchange Bank in Pakistan-2006". This is the third consecutive year that NBP has won this prestigious award.
Published 11 Jul, 2006 12:00am
World Bank team due on July 17

World Bank team due on July 17

A World Bank mission will visit Pakistan from July 17-22 to review implementation of the Tax Administration Reforms Project (TARP).
Published 11 Jul, 2006 12:00am
AJK elections today

AJK elections today

The elections for Azad Jammu and Kashmir legislative Assembly will take place today (Tuesday) wherein 2.4 million voters to choose 41 members for five year term from amongst 369 contesting candidates.
Published 11 Jul, 2006 12:00am
Over 40 suspected Taliban killed in Afghanistan

Over 40 suspected Taliban killed in Afghanistan

US and Afghan government forces attacked an insurgent stronghold in the southern province of Uruzgan on Monday, killing more than 40 of them, the US military said. US-led troops have mounted big offensives in Afghanistan's south and east over recent weeks
Published 11 Jul, 2006 12:00am
Over 40 suspected Taliban killed in Afghanistan

Over 40 suspected Taliban killed in Afghanistan

US and Afghan government forces attacked an insurgent stronghold in the southern province of Uruzgan on Monday, killing more than 40 of them, the US military said. US-led troops have mounted big offensives in Afghanistan's south and east over recent weeks
Published 11 Jul, 2006 12:00am
MoC, CBR jointly to work out new ATTA

MoC, CBR jointly to work out new ATTA

The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
Published 11 Jul, 2006 12:00am
MoC, CBR jointly to work out new ATTA

MoC, CBR jointly to work out new ATTA

The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
Published 11 Jul, 2006 12:00am
MoC, CBR jointly to work out new ATTA

MoC, CBR jointly to work out new ATTA

The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
Published 11 Jul, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jul, 2006 12:00am
MoC, CBR jointly to work out new ATTA

MoC, CBR jointly to work out new ATTA

The government has directed the Central Board of Revenue (CBR) and the Ministry of Commerce to jointly work on the new Afghan Transit Trade Agreement (ATTA) encompassing an effective transit regime for the benefit of both Pakistan and Afghanistan.
Published 11 Jul, 2006 12:00am
SBP sells Rs 17,750 million treasury bills

SBP sells Rs 17,750 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
Published 11 Jul, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
SBP sells Rs 17,750 million treasury bills

SBP sells Rs 17,750 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
Published 11 Jul, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 11 Jul, 2006 12:00am
SBP sells Rs 17,750 million treasury bills

SBP sells Rs 17,750 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
Published 11 Jul, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jul, 2006 12:00am
SBP sells Rs 17,750 million treasury bills

SBP sells Rs 17,750 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 17,750 million of Treasury bills on Monday in a 10-day repo operation at 7.90 percent to mop up funds from the money market.
Published 11 Jul, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jul, 2006 12:00am
Ahmad Nadeem Qasmi passes away

Ahmad Nadeem Qasmi passes away

Ahmad Nadeem Qasmi, a major figure in contemporary Urdu literature died of cardiac arrest in the wee hours here at Punjab Institute of Cardiology on Monday. He was 90. Born on November 20, 1916 in village Anga, district Khushab, Qasmi had some 50 books of
Published 11 Jul, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
Ahmad Nadeem Qasmi passes away

Ahmad Nadeem Qasmi passes away

Ahmad Nadeem Qasmi, a major figure in contemporary Urdu literature died of cardiac arrest in the wee hours here at Punjab Institute of Cardiology on Monday. He was 90. Born on November 20, 1916 in village Anga, district Khushab, Qasmi had some 50 books of
Published 11 Jul, 2006 12:00am
Bush visit deepened ties with Islamabad: Rice

Bush visit deepened ties with Islamabad: Rice

US Secretary of State, Condoleezza Rice has said that bilateral relations between Pakistan and the United States have "broadened and deepened" as a result of President George Bush's recent visit to Islamabad.
Published 11 Jul, 2006 12:00am
Pakistani team to visit Guantanamo Bay

Pakistani team to visit Guantanamo Bay

A team of investigators will soon visit a notorious US prison at Guantanamo Bay in Cuba to ascertain the exact number of Pakistani detainees, charges against them and to spearhead efforts for their early release, Interior Secretary Kamal Shah said.
Published 11 Jul, 2006 12:00am
No let-up in load shedding, power breakdowns

No let-up in load shedding, power breakdowns

There was no let-up in the unannounced load shedding, uninterrupted power breakdowns and continued inattention to distressed consumers' complaints only to ask when the switched off power supply would be resumed to their areas.
Published 11 Jul, 2006 12:00am
AMZ Asset declares bonus for Apif

AMZ Asset declares bonus for Apif

The board of directors of the AMZ Asset Management Limited has announced a bonus for AMZ Plus Income Fund (Apif) of Rs 4.1438 per unit for the period February 25 to June 30, 2006 amounting to 12 percent per annum return on the face value of Rs 100. The bo
Published 11 Jul, 2006 12:00am
AMZ Asset declares bonus for Apif

AMZ Asset declares bonus for Apif

The board of directors of the AMZ Asset Management Limited has announced a bonus for AMZ Plus Income Fund (Apif) of Rs 4.1438 per unit for the period February 25 to June 30, 2006 amounting to 12 percent per annum return on the face value of Rs 100. The bo
Published 11 Jul, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (July 10, 2006).

Published 11 Jul, 2006 12:00am
Arbab saddened over plane crash

Arbab saddened over plane crash

Sindh Chief Minister Dr Arbab Ghulam Rahim on Monday expressed deep grief and sorrow over the sad incident of plane crash near Multan, resulting in loss of 45 lives. In a condolence message to the bereaved families, he extended his heart-felt condolence t
Published 11 Jul, 2006 12:00am
UBL Fund Managers announce record bonus dividends

UBL Fund Managers announce record bonus dividends

UBL Fund Managers Limited announced record bonus units for its Fixed Investment Fund series comprising of United Money Market Fund (UMF) and United Growth and Income Fund (UGIF) respectively.
Published 11 Jul, 2006 12:00am
UBL Fund Managers announce record bonus dividends

UBL Fund Managers announce record bonus dividends

UBL Fund Managers Limited announced record bonus units for its Fixed Investment Fund series comprising of United Money Market Fund (UMF) and United Growth and Income Fund (UGIF) respectively.
Published 11 Jul, 2006 12:00am
Three cadet colleges to be set up at Pasrur

Three cadet colleges to be set up at Pasrur

Three new cadet colleges are being established at Pasrur in Sialkot district, and Choa Saiden Shah in Chakwal district and Essa Khel in Mianwali district.
Published 11 Jul, 2006 12:00am
THE RUPEE: all-round slide in currency market

THE RUPEE: all-round slide in currency market

Bearish sentiment prevailed in the currency market on Monday as the dollars' demand by the corporate sector was higher, dealers observed. Another, leading factor was the international market closure, which dried the dollars' supply in the market, currency
Published 11 Jul, 2006 12:00am
Chronology of major air crashes in Pakistan

Chronology of major air crashes in Pakistan

The crash of a Pakistan International Airlines (PIA) Fokker F 27 plane on Monday, killing 45 people on board, was not the first of such incidents in the country's civil aviation history.
Published 11 Jul, 2006 12:00am
THE RUPEE: all-round slide in currency market

THE RUPEE: all-round slide in currency market

Bearish sentiment prevailed in the currency market on Monday as the dollars' demand by the corporate sector was higher, dealers observed. Another, leading factor was the international market closure, which dried the dollars' supply in the market, currency
Published 11 Jul, 2006 12:00am
Supreme Court summons AGP, Faisalabad Nazim

Supreme Court summons AGP, Faisalabad Nazim

The Supreme Court has summoned Advocate General Punjab, District Nazim and District Co-ordination Officer and the authority responsible for water supply in Faisalabad on July 17 in Lahore.
Published 11 Jul, 2006 12:00am
Sunni Tehrik activist gunned down

Sunni Tehrik activist gunned down

An activist of Sunni Tehrik was targeted and gunned down on Monday morning at Shahra-e-Faisal road in Airport jurisdiction. He was identified as Dilshad Qadri son of Mohammed Haneef. Deceased said to be the driver of Sarwat Ejaz Qadri, leader of ST.
Published 11 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 11 Jul, 2006 12:00am
Kamal lays foundation stone of stadium

Kamal lays foundation stone of stadium

The City Nazim Syed Mustafa Kamal on Monday laid the foundation stone of a stadium in Baldia town, and said it would be completed in two years time at an estimated cost of Rs 121.07 million on 25 acres of plot.
Published 11 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 11 Jul, 2006 12:00am
Industrialists concerned over rising crimes in Site area

Industrialists concerned over rising crimes in Site area

Site Association of Industry (SAI) Chairman Ameen Bandukda expressed anguish over rising crimes in Site area. Chairing the meeting, two days back to review the current law and order situation in Site area, he said the industrialists of the area are much w
Published 11 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Monday (July 10, 2006) and the forecast for Tuesday (July 11, 2006).
Published 11 Jul, 2006 12:00am
Malaysia may help Pakistani seafood industry

Malaysia may help Pakistani seafood industry

Malaysia can provide technical support for Pakistan's seafood industry as part of the move to boost business collaborations between the two countries.
Published 11 Jul, 2006 12:00am
Majeed to act as KCCI president

Majeed to act as KCCI president

Abdul Majeed Memon, Senior Vice President of Karachi Chamber of Commerce and Industry (KCCI) will act as President KCCI in the absence of the President Haroon Farooki, said a KCCI press release issued here on Monday.
Published 11 Jul, 2006 12:00am
SHC issues notices on plea against KESC sell-off

SHC issues notices on plea against KESC sell-off

Sindh High Court on Monday issued pre-admission notices to Privatisation Commission, Ministry of Water and Power, new management of Karachi Electric Supply Corporation, and others for July 25, 2006, on petition against KESC privatisation.
Published 11 Jul, 2006 12:00am