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Print - 2006-12-16
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
Supreme Court acts to regulate medical education

Supreme Court acts to regulate medical education

The Supreme Court of Pakistan on Monday disposed of a number of appeals and took suo motu notice on health sector and issued detailed instructions to regulate the medical education and stop mushroom growth of medical and dental colleges in the country.
Published 16 Dec, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
Maqbool lauds services of Christians

Maqbool lauds services of Christians

Punjab Governor, Lieutenant General Khalid Maqbool (Retd) speaking at a function held in relation to Christmas festivities here at Governor's House on Friday has applauded the services of Christian community in the Pakistan movement.
Published 16 Dec, 2006 12:00am
'Archives department to be upgraded'

'Archives department to be upgraded'

Provincial minister for Communication and Works, Chaudhry Zaheer-ud-Din Khan has said that Microfilming and Conservation Sections of Punjab Archives Department, Civil Secretariat would be upgraded and strengthened so that the historic documents could be p
Published 16 Dec, 2006 12:00am
87 societies awarded NOCs for housing in Gwadar

87 societies awarded NOCs for housing in Gwadar

Some 87 societies owning the required land have been given NOCs for housing projects at Gawadar, the National Assembly Standing Committee on Local Government and Rural Development was informed here on Friday. Director General Gwadar Development Authority
Published 16 Dec, 2006 12:00am
SBP may print ICP depiction on 1000-rupee note

SBP may print ICP depiction on 1000-rupee note

The State Bank of Pakistan (SBP) may print the depiction of the prestigious education institution of Islamia College, Peshawar, (ICP) on the new currency Rs 1000 note scheduled for release shortly.
Published 16 Dec, 2006 12:00am
Deal signed for $207 million Japanese loan

Deal signed for $207 million Japanese loan

The government of Japan on Friday signed a loan agreement for $207 million (¥23.157 billion) under its 'Official Development Assistance' (ODA) for two projects pertaining to basic economic and social infrastructure to help boost economic development in Pa
Published 16 Dec, 2006 12:00am
Defence ties to be strengthened with Malaysia

Defence ties to be strengthened with Malaysia

Pakistan and Malaysia have reiterated their desire to further enhance defence co-operation between the two countries. This was agreed during the Sixth Pak-Malaysia Joint Working Committee Meeting concluded on Friday at Kuala Lumpur, Malaysia. The meeting
Published 16 Dec, 2006 12:00am
PARC and CSF ink MoU to boost agriculture-based trade

PARC and CSF ink MoU to boost agriculture-based trade

The main purpose of setting Competitiveness Support Fund is to promote knowledge-based agriculture business development and long-term growth in Pakistan 's agriculture sector, said State Minister for Finance, Omer Ayub Khan.
Published 16 Dec, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
Japan pledges $3.85 million for polio eradication from Pakistan

Japan pledges $3.85 million for polio eradication from Pakistan

The Japanese government on Friday pledged a grant of $3.85 million to strengthen its ongoing efforts for eradication of polio from Pakistan. The grant will be utilised by the United Nations Children's Fund (Unicef) to procure 28 million doses of oral poli
Published 16 Dec, 2006 12:00am
Leather garment exporters seek 50 percent cut in refinance rate

Leather garment exporters seek 50 percent cut in refinance rate

Leather garment exporters have demanded six percent Research and Development (R&D) assistance and 50 percent reduction in export refinance rate, in addition to 75 percent designing cost for the revival of industry, sources in Central Board of Revenue (CBR
Published 16 Dec, 2006 12:00am
Leather garment exporters seek 50 percent cut in refinance rate

Leather garment exporters seek 50 percent cut in refinance rate

Leather garment exporters have demanded six percent Research and Development (R&D) assistance and 50 percent reduction in export refinance rate, in addition to 75 percent designing cost for the revival of industry, sources in Central Board of Revenue (CBR
Published 16 Dec, 2006 12:00am
Leather garment exporters seek 50 percent cut in refinance rate

Leather garment exporters seek 50 percent cut in refinance rate

Leather garment exporters have demanded six percent Research and Development (R&D) assistance and 50 percent reduction in export refinance rate, in addition to 75 percent designing cost for the revival of industry, sources in Central Board of Revenue (CBR
Published 16 Dec, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Dec, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
Musharraf seeks international help for Afghan refugees return

Musharraf seeks international help for Afghan refugees return

President Pervez Musharraf on Friday urged the international community to do more to facilitate repatriation of Afghan refugees while his government battles militants on its territory. Musharraf issued the call during a meeting with Special Representative
Published 16 Dec, 2006 12:00am
Musharraf seeks international help for Afghan refugees return

Musharraf seeks international help for Afghan refugees return

President Pervez Musharraf on Friday urged the international community to do more to facilitate repatriation of Afghan refugees while his government battles militants on its territory. Musharraf issued the call during a meeting with Special Representative
Published 16 Dec, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Dec, 2006 12:00am
Rs 1000 allowance for unemployed youths announced

Rs 1000 allowance for unemployed youths announced

The NWFP government on Friday announced Rs 1,000 monthly 'Berozgar Allowance' for unemployed postgraduate youths and directed formation of committees in all 24 districts of the province under the scheme.
Published 16 Dec, 2006 12:00am
Officers asked to rely on expertise, intellectual authority

Officers asked to rely on expertise, intellectual authority

NWFP Governor, Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has asked government officers to avoid the crude power of their positions; rely more on their expertise and intellectual authority; muster internal strength and unlock their vision for cre
Published 16 Dec, 2006 12:00am
ADB to provide $900 million for Punjab irrigated agriculture project

ADB to provide $900 million for Punjab irrigated agriculture project

The Asian Development Bank has agreed to provide $900 million for Punjab Irrigated Agriculture Investment Program (PIAIP), which will support physical and non-physical investments in the water resource and irrigated agriculture sectors in the province.
Published 16 Dec, 2006 12:00am
German upper house approves broadband bill

German upper house approves broadband bill

Germany's upper house approved on Friday a bill that will effectively allow former state monopoly Deutsche Telekom to shield a broadband network from competition, putting it on a confrontation course with the European Union.
Published 16 Dec, 2006 12:00am
India issues Rs 91.5 billion of bonds to state firms

India issues Rs 91.5 billion of bonds to state firms

India on Friday issued bonds worth 41.5 billion rupees ($928.6 million) to state-run oil firms and another 50 billion rupees to the Food Corporation of India as compensation for the effects of government policy.
Published 16 Dec, 2006 12:00am
India issues Rs 91.5 billion of bonds to state firms

India issues Rs 91.5 billion of bonds to state firms

India on Friday issued bonds worth 41.5 billion rupees ($928.6 million) to state-run oil firms and another 50 billion rupees to the Food Corporation of India as compensation for the effects of government policy.
Published 16 Dec, 2006 12:00am
Regulators back Glaxo's pandemic flu vaccine

Regulators back Glaxo's pandemic flu vaccine

A first-generation experimental bird flu vaccine for use in humans from GlaxoSmithKline Plc has won outline support from European regulators. The European Medicines Agency said on Friday it had recommended granting a license to Daronrix, a "mock-up" vacci
Published 16 Dec, 2006 12:00am
China to avert hard landing in 2007: government economist

China to avert hard landing in 2007: government economist

China should be able to steer clear of a hard landing as the economy slows next year, with further government caution needed over a potential rebound in investment, a government economist said on Friday.
Published 16 Dec, 2006 12:00am
ECB ready to raise interest rates: Bundesbank

ECB ready to raise interest rates: Bundesbank

The European Central Bank is ready to raise eurozone interest rates further and will not put off any such moves to avoid potential clashes with politicians, Bundesbank President Axel Weber said Friday.
Published 16 Dec, 2006 12:00am
Japan Tobacco set to buy Gallaher for $14.7 billion

Japan Tobacco set to buy Gallaher for $14.7 billion

Japan Tobacco Inc is buying British cigarette maker Gallaher Group Plc in an agreed 7.5 billion pounds ($14.7 billion) cash deal, in the biggest-ever foreign acquisition by a Japanese company.
Published 16 Dec, 2006 12:00am
ISE tumbles

ISE tumbles

Fresh bearish assault moved the entire ready-board in downward direction under the lead of trend-setters at Islamabad Stock Exchange (ISE) where selling-pressure intensified in leading stocks amid decrease in index.
Published 16 Dec, 2006 12:00am
ISE tumbles

ISE tumbles

Fresh bearish assault moved the entire ready-board in downward direction under the lead of trend-setters at Islamabad Stock Exchange (ISE) where selling-pressure intensified in leading stocks amid decrease in index.
Published 16 Dec, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
LSE index suffers more losses

LSE index suffers more losses

Sentiment stayed depressed on Lahore Stock Exchange (LSE) on last trading day of the week and volume further squeezed, as investors stayed at distance following increasing margins in the aftermath of new risk management measures enforcement as well as gro
Published 16 Dec, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
LSE index suffers more losses

LSE index suffers more losses

Sentiment stayed depressed on Lahore Stock Exchange (LSE) on last trading day of the week and volume further squeezed, as investors stayed at distance following increasing margins in the aftermath of new risk management measures enforcement as well as gro
Published 16 Dec, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
PIA seeks income tax relief on $47.5 million Boeing purchase loan

PIA seeks income tax relief on $47.5 million Boeing purchase loan

The Pakistan International Airlines (PIA) has sought income tax exemption on a new commercial loan of $47.5 million, needed for acquisition of three Boeing 777-300 ER aircraft and one General Electric Propulsor from Boeing Inc, USA.
Published 16 Dec, 2006 12:00am
PIA seeks income tax relief on $47.5 million Boeing purchase loan

PIA seeks income tax relief on $47.5 million Boeing purchase loan

The Pakistan International Airlines (PIA) has sought income tax exemption on a new commercial loan of $47.5 million, needed for acquisition of three Boeing 777-300 ER aircraft and one General Electric Propulsor from Boeing Inc, USA.
Published 16 Dec, 2006 12:00am
PIA seeks income tax relief on $47.5 million Boeing purchase loan

PIA seeks income tax relief on $47.5 million Boeing purchase loan

The Pakistan International Airlines (PIA) has sought income tax exemption on a new commercial loan of $47.5 million, needed for acquisition of three Boeing 777-300 ER aircraft and one General Electric Propulsor from Boeing Inc, USA.
Published 16 Dec, 2006 12:00am
PIA seeks income tax relief on $47.5 million Boeing purchase loan

PIA seeks income tax relief on $47.5 million Boeing purchase loan

The Pakistan International Airlines (PIA) has sought income tax exemption on a new commercial loan of $47.5 million, needed for acquisition of three Boeing 777-300 ER aircraft and one General Electric Propulsor from Boeing Inc, USA.
Published 16 Dec, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
PPIB grants three-month extension to Orient Power

PPIB grants three-month extension to Orient Power

The Private Power Infrastructure Board (PPIB) has granted three months extension to Orient Power Limited provided in the Letter of Support (LoS) without doubling the amount of performance guarantee, official sources told Business Recorder here on F
Published 16 Dec, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
PPIB grants three-month extension to Orient Power

PPIB grants three-month extension to Orient Power

The Private Power Infrastructure Board (PPIB) has granted three months extension to Orient Power Limited provided in the Letter of Support (LoS) without doubling the amount of performance guarantee, official sources told Business Recorder here on F
Published 16 Dec, 2006 12:00am
PPIB grants three-month extension to Orient Power

PPIB grants three-month extension to Orient Power

The Private Power Infrastructure Board (PPIB) has granted three months extension to Orient Power Limited provided in the Letter of Support (LoS) without doubling the amount of performance guarantee, official sources told Business Recorder here on F
Published 16 Dec, 2006 12:00am
USC to cut prices of 700 items on Eid

USC to cut prices of 700 items on Eid

The Utility Stores Corporation (USC) will announce 3 to 8 percent reduction in prices on more than 700 items as Eid-ul-Azha package, expected to be unveiled from December 18 official sources told Business Recorder.
Published 16 Dec, 2006 12:00am
USC to cut prices of 700 items on Eid

USC to cut prices of 700 items on Eid

The Utility Stores Corporation (USC) will announce 3 to 8 percent reduction in prices on more than 700 items as Eid-ul-Azha package, expected to be unveiled from December 18 official sources told Business Recorder.
Published 16 Dec, 2006 12:00am
USC to cut prices of 700 items on Eid

USC to cut prices of 700 items on Eid

The Utility Stores Corporation (USC) will announce 3 to 8 percent reduction in prices on more than 700 items as Eid-ul-Azha package, expected to be unveiled from December 18 official sources told Business Recorder.
Published 16 Dec, 2006 12:00am
BRIndex30 down 119.34 points

BRIndex30 down 119.34 points

The BRIndex30 on Friday opened at 11,377.50 with a negative gap of 24.88 points and closed at 11,283.04 points with a net negative change of -119.34 points, or -1.05 percent. It saw intra-day high of 11,405.19 and low of 11,251.25.
Published 16 Dec, 2006 12:00am
BRIndex30 down 119.34 points

BRIndex30 down 119.34 points

The BRIndex30 on Friday opened at 11,377.50 with a negative gap of 24.88 points and closed at 11,283.04 points with a net negative change of -119.34 points, or -1.05 percent. It saw intra-day high of 11,405.19 and low of 11,251.25.
Published 16 Dec, 2006 12:00am
Money supply up by over Rs 34 billion in one week

Money supply up by over Rs 34 billion in one week

Overall money supply during FY07, which increased by a modest Rs 111.7 billion during July 01-November 25, soared by over Rs 34 billion in the following week to reach Rs 146.1 billion on 2nd December.
Published 16 Dec, 2006 12:00am
Money supply up by over Rs 34 billion in one week

Money supply up by over Rs 34 billion in one week

Overall money supply during FY07, which increased by a modest Rs 111.7 billion during July 01-November 25, soared by over Rs 34 billion in the following week to reach Rs 146.1 billion on 2nd December.
Published 16 Dec, 2006 12:00am
Money supply up by over Rs 34 billion in one week

Money supply up by over Rs 34 billion in one week

Overall money supply during FY07, which increased by a modest Rs 111.7 billion during July 01-November 25, soared by over Rs 34 billion in the following week to reach Rs 146.1 billion on 2nd December.
Published 16 Dec, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 15, 2006).

Published 16 Dec, 2006 12:00am
Strike causes Rs 2.5 billion industry losses

Strike causes Rs 2.5 billion industry losses

Majority of industrial units in all five industrial estates of the city remained closed on Friday as workers failed to report for duty owing to transport strike.
Published 16 Dec, 2006 12:00am
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