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Print - 2007-01-27
EOBI suffers Rs 12.9 million loss: report

EOBI suffers Rs 12.9 million loss: report

The Employees Old-Age Benefits Institution (EOBI) suffered a loss of Rs 12.928 million by accepting Term Finance Certificates totalling Rs 50 million (face value) in full and final settlement of institution's subordinated loan to Universal Leasing Corpora
Published 27 Jan, 2007 12:00am
OMC''s sales rise 19 percent in July-December

OMC''s sales rise 19 percent in July-December

The overall sales volume of oil marketing companies (OMC) in the country for the first half of FY07 (July-December 2006) rose by 19 percent to 8,521,000 tons compared to 7,185,000 tons recorded during the corresponding period of last year.
Published 27 Jan, 2007 12:00am
OMC's sales rise 19 percent in July-December

OMC's sales rise 19 percent in July-December

The overall sales volume of oil marketing companies (OMC) in the country for the first half of FY07 (July-December 2006) rose by 19 percent to 8,521,000 tons compared to 7,185,000 tons recorded during the corresponding period of last year.
Published 27 Jan, 2007 12:00am
OMC's sales rise 19 percent in July-December

OMC's sales rise 19 percent in July-December

The overall sales volume of oil marketing companies (OMC) in the country for the first half of FY07 (July-December 2006) rose by 19 percent to 8,521,000 tons compared to 7,185,000 tons recorded during the corresponding period of last year.
Published 27 Jan, 2007 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 27 Jan, 2007 12:00am
KSE approves BMA Principal Guaranteed Fund-1

KSE approves BMA Principal Guaranteed Fund-1

The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of certificates of the BMA Principal Guaranteed Fund-1 on completion of all formalities required under the Listing Regulations of the exchange.
Published 27 Jan, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
KSE approves BMA Principal Guaranteed Fund-1

KSE approves BMA Principal Guaranteed Fund-1

The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of certificates of the BMA Principal Guaranteed Fund-1 on completion of all formalities required under the Listing Regulations of the exchange.
Published 27 Jan, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jan, 2007 12:00am
KSE approves BMA Principal Guaranteed Fund-1

KSE approves BMA Principal Guaranteed Fund-1

The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of certificates of the BMA Principal Guaranteed Fund-1 on completion of all formalities required under the Listing Regulations of the exchange.
Published 27 Jan, 2007 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 27 Jan, 2007 12:00am
Shariah taxation: CBR sends ATAIC report to Islamic countries

Shariah taxation: CBR sends ATAIC report to Islamic countries

The Central Board of Revenue (CBR) has dispatched the final report of Association of Tax Authorities of Islamic Countries (ATAIC) to its members for adopting a uniform voluntary compliance strategy, raise tax-to-GDP ratio and adopt a uniform system of Zak
Published 27 Jan, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jan, 2007 12:00am
Shariah taxation: CBR sends ATAIC report to Islamic countries

Shariah taxation: CBR sends ATAIC report to Islamic countries

The Central Board of Revenue (CBR) has dispatched the final report of Association of Tax Authorities of Islamic Countries (ATAIC) to its members for adopting a uniform voluntary compliance strategy, raise tax-to-GDP ratio and adopt a uniform system of Zak
Published 27 Jan, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Jan, 2007 12:00am
Shariah taxation: CBR sends ATAIC report to Islamic countries

Shariah taxation: CBR sends ATAIC report to Islamic countries

The Central Board of Revenue (CBR) has dispatched the final report of Association of Tax Authorities of Islamic Countries (ATAIC) to its members for adopting a uniform voluntary compliance strategy, raise tax-to-GDP ratio and adopt a uniform system of Zak
Published 27 Jan, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Jan, 2007 12:00am
UC nazims asked to ensure peace

UC nazims asked to ensure peace

Officiating City Nazim Nasreen Jalil has asked the nazimeen of union councils to attend majalis and processions taking place in their respective jurisdictions to ensure peace and harmony among different sects of Muslims living in their areas.
Published 27 Jan, 2007 12:00am
Airblue to start Manchester flight from May

Airblue to start Manchester flight from May

Airblue, a premier private airline of Pakistan, has announced plans to launch its first long-haul international operation between Islamabad and UK's fastest growing city, Manchester, in the middle of May this year.
Published 27 Jan, 2007 12:00am
Unilever announces final dividend

Unilever announces final dividend

Unilever Pakistan Limited (UPL) has announced a final dividend of Rs 57 per ordinary share of Rs 50 for the year ended December 31, 2007. Together with the interim dividend of Rs 65 already paid the total distribution for the year 2006 amounts to Rs 122 p
Published 27 Jan, 2007 12:00am
Unilever announces final dividend

Unilever announces final dividend

Unilever Pakistan Limited (UPL) has announced a final dividend of Rs 57 per ordinary share of Rs 50 for the year ended December 31, 2007. Together with the interim dividend of Rs 65 already paid the total distribution for the year 2006 amounts to Rs 122 p
Published 27 Jan, 2007 12:00am
MCA serves show cause notice on Unilever

MCA serves show cause notice on Unilever

Monopoly Control Authority (MCA) has served another show cause notice on M/s Unilever Pakistan Ltd for non-compliance to authority's order dated December 19, and the continued silence over MCA's notices.
Published 27 Jan, 2007 12:00am
Kamal to lead Microsoft Pakistan

Kamal to lead Microsoft Pakistan

Microsoft Pakistan trusts itself in the hands of a new Country Manager Kamal Ahmed, who has replaced Jawwad Rehman former Country Manager, Microsoft Pakistan on December 18, 2006.
Published 27 Jan, 2007 12:00am
Metro Cash and Carry International coming to Pakistan

Metro Cash and Carry International coming to Pakistan

Prime Minister Shaukat Aziz said Pakistan is improving the supply chain of daily use items and other products and hoped that with Metro Cash and Carry International coming to Pakistan government will achieve this objective.
Published 27 Jan, 2007 12:00am
PTCL, Nadra sign deal

PTCL, Nadra sign deal

Telecommunication Company Limited (PTCL) has signed a contract with Nadra to provide a Wireless Local Area Network (V-LAN) on its CDMA V WLL Network which will be opera table in entire Pakistan.
Published 27 Jan, 2007 12:00am
'Visit Pakistan 2007' to be a huge success: minister

'Visit Pakistan 2007' to be a huge success: minister

Federal Minister for Tourism, Nilofar Bakhtiar has said that the ministry will put in all efforts to make 'Visit Pakistan Year 2007', a huge success, as they are fully committed to have a strong presence of Pakistan in the map of world of tourism.
Published 27 Jan, 2007 12:00am
Pakistan tapping all sources to meet energy demands: Prime Minister

Pakistan tapping all sources to meet energy demands: Prime Minister

Prime Minister Shaukat Aziz has said that Pakistan was tapping all sources including hydel, nuclear and solar to meet its growing energy demands. Aziz said this while talking to Director General International Atomic Energy Agency (IAEA) Dr Mohamed M ElBar
Published 27 Jan, 2007 12:00am
PCGA seeks fortnightly figures of lint imports

PCGA seeks fortnightly figures of lint imports

The Pakistan Cotton Ginners Association (PCGA) has requested Minfal for fortnightly publishing cotton lint import figures, like seed-cotton arrivals report.
Published 27 Jan, 2007 12:00am
PCGA seeks fortnightly figures of lint imports

PCGA seeks fortnightly figures of lint imports

The Pakistan Cotton Ginners Association (PCGA) has requested Minfal for fortnightly publishing cotton lint import figures, like seed-cotton arrivals report.
Published 27 Jan, 2007 12:00am
PCGA seeks fortnightly figures of lint imports

PCGA seeks fortnightly figures of lint imports

The Pakistan Cotton Ginners Association (PCGA) has requested Minfal for fortnightly publishing cotton lint import figures, like seed-cotton arrivals report.
Published 27 Jan, 2007 12:00am
ADB team visits coal sites in Sindh

ADB team visits coal sites in Sindh

In order to expedite the coal development and averting energy crisis in the country a high level team of Asian Development Bank has visited the coal sites in Sindh. Sources told Business Recorder on Friday that on directives of Prime Minister Shauk
Published 27 Jan, 2007 12:00am
ADB team visits coal sites in Sindh

ADB team visits coal sites in Sindh

In order to expedite the coal development and averting energy crisis in the country a high level team of Asian Development Bank has visited the coal sites in Sindh. Sources told Business Recorder on Friday that on directives of Prime Minister Shauk
Published 27 Jan, 2007 12:00am
ADB team visits coal sites in Sindh

ADB team visits coal sites in Sindh

In order to expedite the coal development and averting energy crisis in the country a high level team of Asian Development Bank has visited the coal sites in Sindh. Sources told Business Recorder on Friday that on directives of Prime Minister Shauk
Published 27 Jan, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
FFC announces final dividend

FFC announces final dividend

The Fauji Fertiliser Company Limited (FFC) has announced the final cash dividend at Rs 3.90 per share ie 39 percent for the year ending on December 31, 2006. This was recommended by the board of directors of the company in a meeting held on Friday.
Published 27 Jan, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
FFC announces final dividend

FFC announces final dividend

The Fauji Fertiliser Company Limited (FFC) has announced the final cash dividend at Rs 3.90 per share ie 39 percent for the year ending on December 31, 2006. This was recommended by the board of directors of the company in a meeting held on Friday.
Published 27 Jan, 2007 12:00am
Kissan Board to launch 'Zarat Bachao Tehrik'

Kissan Board to launch 'Zarat Bachao Tehrik'

Pakistan Kissan Board (PKB), Punjab on Friday demanded that the government reduce the prices of agricultural inputs, including electricity, gas, petroleum and fertilisers, by at least 50 percent so the agro products' prices could be decreased and the comm
Published 27 Jan, 2007 12:00am
Pak-Arab Fertilisers gets $22 million financing for power plant

Pak-Arab Fertilisers gets $22 million financing for power plant

Pak-Arab Fertilisers (Pvt) Limited, a joint venture of Arif Habib group and Fatima group, concluded a major financing deal worth $22 million with DEG - Deutsche Investitions-und Entwicklungsgesellschaft mbH, a renowned development financial institution of
Published 27 Jan, 2007 12:00am
Wapda to achieve revenue target for 2006-07: chairman

Wapda to achieve revenue target for 2006-07: chairman

Water and Power Development Authority (Wapda) will achieve its target of village electrification by providing electricity to 15,000 villages comprising at least 10 houses each by the end of June 2007, directly benefiting almost 500,000 people.
Published 27 Jan, 2007 12:00am
Cyprus oil exploration plans stir Turkish protests

Cyprus oil exploration plans stir Turkish protests

Cyprus's plans to launch oil and gas exploration in the east Mediterranean has triggered strong opposition from rival Turkish Cypriots, who say it could revive tension on the ethnically partitioned island.
Published 27 Jan, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
USA and UK SCRAs move in opposite directions

USA and UK SCRAs move in opposite directions

Developments under Special Convertible Rupee Accounts (SCRAs) in the last few days witnessed movements in an opposite direction among at least two major investors, namely, the USA and the UK. While the UK continued disinvesting, the USA continued strength
Published 27 Jan, 2007 12:00am
USA and UK SCRAs move in opposite directions

USA and UK SCRAs move in opposite directions

Developments under Special Convertible Rupee Accounts (SCRAs) in the last few days witnessed movements in an opposite direction among at least two major investors, namely, the USA and the UK. While the UK continued disinvesting, the USA continued strength
Published 27 Jan, 2007 12:00am
USA and UK SCRAs move in opposite directions

USA and UK SCRAs move in opposite directions

Developments under Special Convertible Rupee Accounts (SCRAs) in the last few days witnessed movements in an opposite direction among at least two major investors, namely, the USA and the UK. While the UK continued disinvesting, the USA continued strength
Published 27 Jan, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
Japan CPI rise slows, BOJ February rate hike in doubt

Japan CPI rise slows, BOJ February rate hike in doubt

Japanese consumer prices rose less than expected in December, adding to doubts about the Bank of Japan's ability to raise interest rates next month and sending the yen lower and bond futures to a one-month high.
Published 27 Jan, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 26, 2007).
Published 27 Jan, 2007 12:00am
Brazil appeals for trade deal concessions

Brazil appeals for trade deal concessions

Brazilian President Luiz Inacio Lula da Silva appealed on Friday for rich countries not to hold the developing world back by refusing to give ground in global trade talks which risk running out of time.
Published 27 Jan, 2007 12:00am
Nato keeps watch in Kosovo as UN plan unveiled

Nato keeps watch in Kosovo as UN plan unveiled

Nato said Friday it will stay the course in Kosovo amid renewed debate over its future status following the unveiling of a UN plan for the Serbian province.
Published 27 Jan, 2007 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 Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
Britain warns EADS over Airbus wing production

Britain warns EADS over Airbus wing production

The British government has warned European aerospace group EADS that it could lose military contracts worth billions of pounds if Airbus wing component work is handed to Germany or Spain instead of Britain, the Financial Times reported Friday.
Published 27 Jan, 2007 12:00am
Mugabe ally threatens Zimbabwe media council

Mugabe ally threatens Zimbabwe media council

A leading Zimbabwean politician warned journalists on Friday against forming an independent media council without the approval of the government, which has closed newspapers and arrested reporters.
Published 27 Jan, 2007 12:00am
Hezbollah buries dead

Hezbollah buries dead

Shia Hezbollah and allies held funerals on Friday for three activists shot dead during sectarian clashes in Beirut and called for unity among the Lebanese to stop their country sliding to civil war.
Published 27 Jan, 2007 12:00am
ISE index up 14.94 points

ISE index up 14.94 points

Bulls strengthened their position at the Islamabad Stock Exchange (ISE) on Friday where fresh buying spree in trend-setters moved the entire ready board in the upward direction amid increase in index. ISE-10 Index showed an improvement of 14.94 points fro
Published 27 Jan, 2007 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 Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
ISE index up 14.94 points

ISE index up 14.94 points

Bulls strengthened their position at the Islamabad Stock Exchange (ISE) on Friday where fresh buying spree in trend-setters moved the entire ready board in the upward direction amid increase in index. ISE-10 Index showed an improvement of 14.94 points fro
Published 27 Jan, 2007 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 Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
LSE maintains rising tempo

LSE maintains rising tempo

Share prices maintained the rising tempo on last trading day of the week on Lahore Stock Exchange (LSE) where banking sector again took the lead and helped the market record fresh gains with further improvement in turnover.
Published 27 Jan, 2007 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 Friday (January 26, 2007).

Published 27 Jan, 2007 12:00am
LSE maintains rising tempo

LSE maintains rising tempo

Share prices maintained the rising tempo on last trading day of the week on Lahore Stock Exchange (LSE) where banking sector again took the lead and helped the market record fresh gains with further improvement in turnover.
Published 27 Jan, 2007 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 27 Jan, 2007 12:00am
Iran, India and Pakistan agree on gas pricing formula

Iran, India and Pakistan agree on gas pricing formula

Officials from Iran, India and Pakistan have agreed on the pricing formula for export of gas from Iranian to meet India''s burgeoning energy demands, an Iranian oil official said on Friday.
Published 27 Jan, 2007 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 27 Jan, 2007 12:00am
Iran, India and Pakistan agree on gas pricing formula

Iran, India and Pakistan agree on gas pricing formula

Officials from Iran, India and Pakistan have agreed on the pricing formula for export of gas from Iranian to meet India's burgeoning energy demands, an Iranian oil official said on Friday.
Published 27 Jan, 2007 12:00am