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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-01-27
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
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
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

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
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
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
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
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
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
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
Presentation

Presentation

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

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
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
'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
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
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
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
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
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
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
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
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
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
Cement prices up Rs 15 in north

Cement prices up Rs 15 in north

Cement manufactures in the North Zone raised the prices by Rs 15 per 50-kg bag on rising demand trigged by increased construction activity across the country, industry source told Business Recorder on Friday. Cement companies in the south zone have
Published 27 Jan, 2007 12:00am
Singapore shares slump

Singapore shares slump

Singapore share prices closed 0.67 percent lower on Friday as investors took profits after the market's recent recorrd-breaking run, dealers said The main Straits Times Index fell 20.89 points to 3,087.74. Volume was 2.53 billion shares worth 2.39 billion
Published 27 Jan, 2007 12:00am
Housing data, note auction push US yields higher

Housing data, note auction push US yields higher

Hints of stabilisation in the US housing market and a lukewarm reception for a government bond auction spurred heavy selling of US Treasuries on Thursday, sending benchmark yields to five-month highs.
Published 27 Jan, 2007 12:00am
Housing data, note auction push US yields higher

Housing data, note auction push US yields higher

Hints of stabilisation in the US housing market and a lukewarm reception for a government bond auction spurred heavy selling of US Treasuries on Thursday, sending benchmark yields to five-month highs.
Published 27 Jan, 2007 12:00am
US indexes sharply down on oil's drop

US indexes sharply down on oil's drop

US stocks fell sharply on Thursday as a drop in oil prices hit shares of energy companies, including Exxon Mobil Corp, and investors tried to lock in profits a day after the Dow Jones industrial average hit an all-time high.
Published 27 Jan, 2007 12:00am
Hong Kong shares decline

Hong Kong shares decline

Hong Kong blue chips sank 1.9 percent and China plays tumbled 2.1 percent to a two-week low on Friday as mainland lenders led a sell-off amid talk of a possible interest rate rise in China in the near-term.
Published 27 Jan, 2007 12:00am
Malaysian shares sag

Malaysian shares sag

Malaysian share prices closed 0.83 percent lower on Friday as investors continued to lock in profits ahead of the weekend and a central bank decision on interest rates, dealers said.
Published 27 Jan, 2007 12:00am
Taiwan stocks close near two-week low

Taiwan stocks close near two-week low

Taiwan shares fell 1.29 percent on Friday to their lowest close in nearly two weeks, weighed by tech shares after chip heavyweight TSMC posted its smallest profit in five quarters and forecast a weaker first quarter.
Published 27 Jan, 2007 12:00am
US bans luxury exports to North Korea

US bans luxury exports to North Korea

The United States on Friday issued a formal rule banning exports of luxury items to North Korea, including jet skis, I-pods, jewellery and fancy cars, in an effort to put pressure on the communist leadership in Pyongyang.
Published 27 Jan, 2007 12:00am
South Korea to expand business with North

South Korea to expand business with North

South Korea said Friday it would expand business cooperation with North Korea as a way to bring peace to the peninsula, and denied that the proceeds help its communist neighbour to build nuclear weapons.
Published 27 Jan, 2007 12:00am
Thailand cuts growth forecast to 4-5 percent

Thailand cuts growth forecast to 4-5 percent

Thailand's central bank cut its 2007 economic growth forecast on Friday to 4.0-5.0 percent from 4.5-5.5 percent, blaming weaker domestic consumption and investment since late last year.
Published 27 Jan, 2007 12:00am
Italy unveils tougher road tariff rules

Italy unveils tougher road tariff rules

Italy unveiled new motorway tariff rules on Friday that make it harder for motorway operators like Autostrade to raise tolls, ignoring opposition from the companies. But the tariff hikes will continue to be calculated using a so-called price cap formula,
Published 27 Jan, 2007 12:00am
Nasdaq rules out raising LSE bid

Nasdaq rules out raising LSE bid

The Nasdaq Stock Market Inc renounced the option of raising its hostile offer for the London Stock Exchange on Friday, leaving its fate with shareholders. Nasdaq owns almost 30 percent of the LSE and is offering 1,243 pence a share in cash for the rest, v
Published 27 Jan, 2007 12:00am
Optimism in Davos snow, but do dark clouds loom?

Optimism in Davos snow, but do dark clouds loom?

It is hard not to be a bit jolly when you are surrounded by peers in a Swiss ski resort, but the world's business leaders have been remarkably optimistic at this week's World Economic Forum in Davos.
Published 27 Jan, 2007 12:00am
More flexible yuan in China's interest: Rato

More flexible yuan in China's interest: Rato

China needs to let the yuan trade more freely to help tilt domestic demand towards consumption, International Monetary Fund Managing Director Rodrigo Rato said on Friday.
Published 27 Jan, 2007 12:00am
Russia aiming for WTO accession this year

Russia aiming for WTO accession this year

Russia is aiming to complete its process of accession to the World Trade Organisation (WTO) this year, the country's Trade Minister German Gref said on Friday. "Our plan is to complete all negotiations this year," Gref told reporters at the World Economic
Published 27 Jan, 2007 12:00am
US durable goods orders rise strongly

US durable goods orders rise strongly

New orders for US-made durable goods rose a larger-than-expected 3.1 percent in December as demand for Boeing jetliners soared and most other sectors showed surprising strength, a government report showed on Friday.
Published 27 Jan, 2007 12:00am
Microsoft net profit tops forecasts

Microsoft net profit tops forecasts

Microsoft Corp's quarterly profit beat Wall Street expectations on Thursday, driven by sales of server software and Xbox 360 game consoles, and the company raised its full-year profit target.
Published 27 Jan, 2007 12:00am
Microsoft net profit tops forecasts

Microsoft net profit tops forecasts

Microsoft Corp's quarterly profit beat Wall Street expectations on Thursday, driven by sales of server software and Xbox 360 game consoles, and the company raised its full-year profit target.
Published 27 Jan, 2007 12:00am
Rivals attack Vista

Rivals attack Vista

A coalition of rivals charged on Friday that Microsoft Corp's new Vista operating system coming out next week will perpetuate practices found illegal in the European Union nearly three years ago.
Published 27 Jan, 2007 12:00am
France creates record number of businesses in 2006

France creates record number of businesses in 2006

A record number of businesses were created in France in 2006 as entrepreneurs took growing advantage of legal changes in recent years that have made it easier to start up firms, data showed on Friday.
Published 27 Jan, 2007 12:00am
Malaysian palm oil ends down

Malaysian palm oil ends down

Lower soyaoil prices pulled Malaysian crude palm oil futures down marginally on Friday, but the fall was blunted by fears of renewed torrential rain in a key southern growing region, dealers said. The benchmark third-month April contract on the Bursa Mala
Published 27 Jan, 2007 12:00am
Tocom rubber up

Tocom rubber up

Tokyo rubber futures ended higher on Friday but off an earlier six-month high, spurred by a weaker yen and strong fundamentals. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery settled at 284.8 yen ($2.35) per kg on its debu
Published 27 Jan, 2007 12:00am
NYBoT cotton stocks rise

NYBoT cotton stocks rise

Certificated cotton stocks deliverable against New York Board of Trade's (NYBoT) No 2 cotton futures contract as of January 24 totalled 533,183 (480-lb) bales, from 530,104 bales the previous session There were 3,648 bales issued, 17,060 bales awaiting re
Published 27 Jan, 2007 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rose $40 a tonne on Friday to hit a new record of $12,260 a tonne, boosted by strong foreign buying and higher prices on the London Metal Exchange, one dealer said.
Published 27 Jan, 2007 12:00am
Soyabeans finish lower

Soyabeans finish lower

Soyabean futures at the Chicago Board of Trade closed lower Thursday amid technical selling and weakness in the soyaoil market due to bearish US Census data issued before the open, traders said.
Published 27 Jan, 2007 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

Shanghai copper futures closed lower after early gains on Friday, but prices are seen remaining firm, supported by strong economic data from China and a positive technical outlook for London futures. The most active April contract in Shanghai lost 450 yua
Published 27 Jan, 2007 12:00am
Rice futures firmer

Rice futures firmer

The Chicago Board of Trade rough rice futures market stabilised on Thursday, ending firm on a mild bounce after sliding nearly 40 cents over the past week, traders said. Commercial firms took advantage of the weakness to price rice, which helped prices st
Published 27 Jan, 2007 12:00am
Chinese drilling firms asked not to work in Balochistan

Chinese drilling firms asked not to work in Balochistan

The Chinese embassy in Pakistan has barred its country's services companies from oil and gas exploration and production work in Balochistan for security reasons. This can adversely hit Pakistan's efforts to restart drilling activities in the province.
Published 27 Jan, 2007 12:00am
New York sugar ends near four-month low

New York sugar ends near four-month low

Raw sugar futures closed on Thursday near a four-month low due to speculative sales and switch trade and the market may drift lower on follow-through pressure in the days ahead, analysts said.
Published 27 Jan, 2007 12:00am
Chinese drilling firms asked not to work in Balochistan

Chinese drilling firms asked not to work in Balochistan

The Chinese embassy in Pakistan has barred its country's services companies from oil and gas exploration and production work in Balochistan for security reasons. This can adversely hit Pakistan's efforts to restart drilling activities in the province.
Published 27 Jan, 2007 12:00am
Oil steady below $55

Oil steady below $55

Oil prices stood below $55 on Friday after a 2 percent fall the previous day, as traders pondered the length of the current cold snap in the United States that has helped lift prices by some $2.50 this week.
Published 27 Jan, 2007 12:00am
Chinese drilling firms asked not to work in Balochistan

Chinese drilling firms asked not to work in Balochistan

The Chinese embassy in Pakistan has barred its country''s services companies from oil and gas exploration and production work in Balochistan for security reasons. This can adversely hit Pakistan''s efforts to restart drilling activities in the province.
Published 27 Jan, 2007 12:00am
Indonesia to import more white sugar

Indonesia to import more white sugar

Indonesia has issued permits to five state firms to import an additional 250,000 tonnes of white sugar this year for delivery by the end of April in a bid to help stabilise local prices, officials said on Friday.
Published 27 Jan, 2007 12:00am
WEF helps project 'Brand Pakistan': Prime Minister

WEF helps project 'Brand Pakistan': Prime Minister

Prime Minister Shaukat Aziz has said that the annual meeting of the World Economic Forum (WEF) has helped us project 'Brand Pakistan' as it remained a centre of attraction for world business leaders and heads of states.
Published 27 Jan, 2007 12:00am
Gold off 5-1/2-month high

Gold off 5-1/2-month high

Gold fell $1 on Friday, after having risen to its best level in 2007 a day earlier, but bargain hunters were expected to resurface around current levels and offer some support.
Published 27 Jan, 2007 12:00am
WEF helps project 'Brand Pakistan': Prime Minister

WEF helps project 'Brand Pakistan': Prime Minister

Prime Minister Shaukat Aziz has said that the annual meeting of the World Economic Forum (WEF) has helped us project 'Brand Pakistan' as it remained a centre of attraction for world business leaders and heads of states.
Published 27 Jan, 2007 12:00am
Tokyo gold led by platinum after South Africa strike

Tokyo gold led by platinum after South Africa strike

Tokyo gold futures advanced on Friday as a sharply lower yen prompted speculative buying, while a rise in platinum on news of a miners' strike in South Africa gave gold a further lift in late trade.
Published 27 Jan, 2007 12:00am
WEF helps project ''Brand Pakistan'': Prime Minister

WEF helps project ''Brand Pakistan'': Prime Minister

Prime Minister Shaukat Aziz has said that the annual meeting of the World Economic Forum (WEF) has helped us project ''Brand Pakistan'' as it remained a centre of attraction for world business leaders and heads of states.
Published 27 Jan, 2007 12:00am
US gold futures plunge

US gold futures plunge

US gold futures ended a touch lower after gaining almost 1 percent earlier on Thursday to its highest level this year, as a technical sell-off halted the rally, while oil reversed course to trade down.
Published 27 Jan, 2007 12:00am
Economy progressing with fast pace: Maqbool

Economy progressing with fast pace: Maqbool

Speakers at an open forum arranged by Punjab Governor Lieutenant General Khalid Maqbool (Retd) at Governor's house on Friday stressed the need of according priority to agriculture sector, resource mobilisation and skilled labour, and improving savings and
Published 27 Jan, 2007 12:00am
US copper ends at two-week high

US copper ends at two-week high

US copper futures ended at a two-week high on Thursday, after strong economic data from China boosted speculation of a demand recovery in the world's largest copper consumer, analysts said.
Published 27 Jan, 2007 12:00am
Marriott blast: Musharraf orders probe

Marriott blast: Musharraf orders probe

President General Pervez Musharraf has strongly condemned the bomb blast which took place at Marriott Hotel on Friday. The President ordered an immediate inquiry of the incident and condoled the loss of lives. He also directed that injured should be provi
Published 27 Jan, 2007 12:00am
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