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Print - 2007-03-01
Shah Latif flower expo opens on March 2

Shah Latif flower expo opens on March 2

A three-day Hazrat Shah Abdul Latif Bhittai flowers exhibition is being organised by district government Hyderabad from March 2, at Eidgah (Rani Bagh) here as its annual event. The event is aimed at to provide recreational opportunities to the citizens an
Published 01 Mar, 2007 12:00am
Rs 6.14 billion construction, mining machinery imported in 7 months

Rs 6.14 billion construction, mining machinery imported in 7 months

The country has imported construction and mining machinery to the tune of Rs 6.14 billion during the last seven months. According to Federal Bureau Statistics (FBS), imports of construction and mining machinery during July-January 2006-07 increased to Rs
Published 01 Mar, 2007 12:00am
Teledensity reaches 35.4 percent

Teledensity reaches 35.4 percent

Pakistan Telecommunication Authority (PTA) Chairman Major-General Shahzada Alam Malik (Retd) has said that with the introduction of mobile number portability (MNP), the mobile phone consumers would get enhanced cellular services, and it would bring health
Published 01 Mar, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Mar, 2007 12:00am
FPCCI not comfortable with DTO of commerce ministry

FPCCI not comfortable with DTO of commerce ministry

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and other trade bodies are not comfortable with Director Trade Organisations (DTO) of the Commerce Ministry over the Trade Organisations Ordinance (TOO).
Published 01 Mar, 2007 12:00am
Board meetings in progress

Board meetings in progress

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

Published 01 Mar, 2007 12:00am
Opposition must regain trust of masses: Khar

Opposition must regain trust of masses: Khar

Former Governor of Punjab Malik Gulam Mustafa Khar had suggested that Alliance for Restoration of Democracy (ARD) should be converted into an election alliance. Addressing a press conference here on Wednesday, he said by forming this alliance, the present
Published 01 Mar, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Mar, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Mar, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
Chief minister to select one out of four new names for NWFP

Chief minister to select one out of four new names for NWFP

NWFP Chief Minister Akram Durrani has asked to conduct political, constitutional and legal survey regarding renaming the province and send him the report. Law Minister Malik Zafar Azam said this talking to media men.
Published 01 Mar, 2007 12:00am
Pakistani firm hired to scrutinise loan defaulters

Pakistani firm hired to scrutinise loan defaulters

Visionet Systems Inc the sister concern of Pakistan's largest software company Visionet Systems Inc was quoted recently in the Wall Street Journal to have been amongst firms hired by investment-banking firms and investment firms.
Published 01 Mar, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Mar, 2007 12:00am
BoP earns Rs 3,804.255 million

BoP earns Rs 3,804.255 million

The Bank of Punjab (BoP) has earned Rs 3,804.255 million as profit after-tax translating earning per share (EPS) of Rs 13.14 in the year ending December 31, 2006 as compared to Rs 2,353.242 million profit after tax and EPS of Rs 8.13 in 2005.
Published 01 Mar, 2007 12:00am
BoP earns Rs 3,804.255 million

BoP earns Rs 3,804.255 million

The Bank of Punjab (BoP) has earned Rs 3,804.255 million as profit after-tax translating earning per share (EPS) of Rs 13.14 in the year ending December 31, 2006 as compared to Rs 2,353.242 million profit after tax and EPS of Rs 8.13 in 2005.
Published 01 Mar, 2007 12:00am
ADB funding to be sought for Rs 22 billion Faisalabad Motorway

ADB funding to be sought for Rs 22 billion Faisalabad Motorway

Pakistan has decided to approach the Asian Development Bank (ADB) for funding the Rs 22 billion Faisalabad-Khanewal Motorway (M-4) project, as the Malaysian government has categorically refused to undertake the project on BOT basis.
Published 01 Mar, 2007 12:00am
Pakistan to accept illegal EU migrants after job quota pact

Pakistan to accept illegal EU migrants after job quota pact

Pakistan is set to sign with the European Union (EU) an agreement, seeking an enhanced job quota for its citizens in member states and in return Islamabad will assist in deportation of its illegal migrants. The accord that was recently been cleared by the
Published 01 Mar, 2007 12:00am
Prime Minister hails Emirates Investment Group's services

Prime Minister hails Emirates Investment Group's services

The launching of the Global Investment Bank in Pakistan by the Emirates Investment Group is a testimony of the confidence of international business community in the economic stability, high growth and bright future of Pakistan, Prime Minister Shaukat Aziz
Published 01 Mar, 2007 12:00am
Four Iranian police killed in ambush near Pakistani border

Four Iranian police killed in ambush near Pakistani border

Militants killed four Iranian policemen and kidnapped at least one other in a late-night ambush in a sensitive border province before fleeing towards Pakistan, officials said on Wednesday but Pakistan denied any such incident.
Published 01 Mar, 2007 12:00am
Sri Lankan average inflation at near 10-year high in February

Sri Lankan average inflation at near 10-year high in February

Sri Lanka's average inflation rate rose to its highest level in nearly 10 years in February, the government said on Wednesday, but analysts expect the central bank to hold off raising interest rates again for now.
Published 01 Mar, 2007 12:00am
ISE index loses 51.77 points

ISE index loses 51.77 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of hot favourite amid decrease in index.
Published 01 Mar, 2007 12:00am
ISE index loses 51.77 points

ISE index loses 51.77 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of hot favourite amid decrease in index.
Published 01 Mar, 2007 12:00am
Bearish outlook on LSE

Bearish outlook on LSE

The local share market wore a bearish outlook on Wednesday where prices fell across the board, under the lead of petroleum sector, which remained under pressure throughout the day, with the benchmark index registering a sizeable loss of 2.15-percent amid
Published 01 Mar, 2007 12:00am
Bearish outlook on LSE

Bearish outlook on LSE

The local share market wore a bearish outlook on Wednesday where prices fell across the board, under the lead of petroleum sector, which remained under pressure throughout the day, with the benchmark index registering a sizeable loss of 2.15-percent amid
Published 01 Mar, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
India increases defence spending by 7.8 percent

India increases defence spending by 7.8 percent

India raised spending on its military by 7.8 percent to 21.3 billion dollars for the next fiscal year starting April, the government said in its budget announcement on Wednesday. India's military has planned a massive upgrade of its mainly 1990s-era weapo
Published 01 Mar, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
India increases defence spending by 7.8 percent

India increases defence spending by 7.8 percent

India raised spending on its military by 7.8 percent to 21.3 billion dollars for the next fiscal year starting April, the government said in its budget announcement on Wednesday. India's military has planned a massive upgrade of its mainly 1990s-era weapo
Published 01 Mar, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
Safta row with Delhi: Humayun to tell the truth today

Safta row with Delhi: Humayun to tell the truth today

Commerce Minister Humayun Akhtar on Wednesday consulted Foreign Affairs Secretary Riaz Mohammad Khan and Commerce Secretary Asif Shah, in a video conference, for outlining future strategy after India did not certify Pakistan''s claim wherein it accused Ne
Published 01 Mar, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
Safta row with Delhi: Humayun to tell the truth today

Safta row with Delhi: Humayun to tell the truth today

Commerce Minister Humayun Akhtar on Wednesday consulted Foreign Affairs Secretary Riaz Mohammad Khan and Commerce Secretary Asif Shah, in a video conference, for outlining future strategy after India did not certify Pakistan's claim wherein it accused New
Published 01 Mar, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
Safta row with Delhi: Humayun to tell the truth today

Safta row with Delhi: Humayun to tell the truth today

Commerce Minister Humayun Akhtar on Wednesday consulted Foreign Affairs Secretary Riaz Mohammad Khan and Commerce Secretary Asif Shah, in a video conference, for outlining future strategy after India did not certify Pakistan's claim wherein it accused New
Published 01 Mar, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
BRIndex30 sheds 270.57 points

BRIndex30 sheds 270.57 points

On Wednesday, BRIndex30 opened in the negative zone at 12,070.06. It closed at 12,004.90 with a net negative change of -270.57 and percentage change of -2.20. It saw intra-day high of 12,132.70 and intra-day low of 12,003.49.
Published 01 Mar, 2007 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 Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
BRIndex30 sheds 270.57 points

BRIndex30 sheds 270.57 points

On Wednesday, BRIndex30 opened in the negative zone at 12,070.06. It closed at 12,004.90 with a net negative change of -270.57 and percentage change of -2.20. It saw intra-day high of 12,132.70 and intra-day low of 12,003.49.
Published 01 Mar, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
Bearish spell persists on stock market

Bearish spell persists on stock market

Uncertainty regarding implementation of Client Level Netting (CLN) from March 5 extended the bearish spell at the stock market on Wednesday, whereas the officials confirmed implementation on schedule.
Published 01 Mar, 2007 12:00am
Bearish spell persists on stock market

Bearish spell persists on stock market

Uncertainty regarding implementation of Client Level Netting (CLN) from March 5 extended the bearish spell at the stock market on Wednesday, whereas the officials confirmed implementation on schedule.
Published 01 Mar, 2007 12:00am
Bearish spell persists on stock market

Bearish spell persists on stock market

Uncertainty regarding implementation of Client Level Netting (CLN) from March 5 extended the bearish spell at the stock market on Wednesday, whereas the officials confirmed implementation on schedule.
Published 01 Mar, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
Curbing under-invoicing: fresh rules for polyester fabric import issued

Curbing under-invoicing: fresh rules for polyester fabric import issued

The Central Board of Revenue (CBR) has issued new rules and guidelines for import of polyester fabrics and yarn to curb under-invoicing and restrict the import of Indian fabrics through Middle East. The restriction came after the request of local polyeste
Published 01 Mar, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 28, 2007).
Published 01 Mar, 2007 12:00am
Curbing under-invoicing: fresh rules for polyester fabric import issued

Curbing under-invoicing: fresh rules for polyester fabric import issued

The Central Board of Revenue (CBR) has issued new rules and guidelines for import of polyester fabrics and yarn to curb under-invoicing and restrict the import of Indian fabrics through Middle East. The restriction came after the request of local polyeste
Published 01 Mar, 2007 12:00am
Curbing under-invoicing: fresh rules for polyester fabric import issued

Curbing under-invoicing: fresh rules for polyester fabric import issued

The Central Board of Revenue (CBR) has issued new rules and guidelines for import of polyester fabrics and yarn to curb under-invoicing and restrict the import of Indian fabrics through Middle East. The restriction came after the request of local polyeste
Published 01 Mar, 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 Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
July-February tax receipts exceed target by 13.2 billion

July-February tax receipts exceed target by 13.2 billion

The Central Board of Revenue (CBR), by Tuesday, had collected Rs 507.8 billion for the July-February (2006-07) period against the target of Rs 494.6 billion, reflecting an overshooting of the target by Rs 13.2 billion.
Published 01 Mar, 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 Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
July-February tax receipts exceed target by 13.2 billion

July-February tax receipts exceed target by 13.2 billion

The Central Board of Revenue (CBR), by Tuesday, had collected Rs 507.8 billion for the July-February (2006-07) period against the target of Rs 494.6 billion, reflecting an overshooting of the target by Rs 13.2 billion.
Published 01 Mar, 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 Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
July-February tax receipts exceed target by 13.2 billion

July-February tax receipts exceed target by 13.2 billion

The Central Board of Revenue (CBR), by Tuesday, had collected Rs 507.8 billion for the July-February (2006-07) period against the target of Rs 494.6 billion, reflecting an overshooting of the target by Rs 13.2 billion.
Published 01 Mar, 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 Wednesday (February 28, 2007).

Published 01 Mar, 2007 12:00am
New formulae proposed for oil and gas pricing

New formulae proposed for oil and gas pricing

As a part of the Petroleum Policy 2007, the government has decided to remove the cap of $36 for oil and gas wellhead prices, and put in place the new zone-based formula for making oil and gas sector more attractive for the exploration and production (E&P)
Published 01 Mar, 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 01 Mar, 2007 12:00am
New formulae proposed for oil and gas pricing

New formulae proposed for oil and gas pricing

As a part of the Petroleum Policy 2007, the government has decided to remove the cap of $36 for oil and gas wellhead prices, and put in place the new zone-based formula for making oil and gas sector more attractive for the exploration and production (E&P)
Published 01 Mar, 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 01 Mar, 2007 12:00am
New formulae proposed for oil and gas pricing

New formulae proposed for oil and gas pricing

As a part of the Petroleum Policy 2007, the government has decided to remove the cap of $36 for oil and gas wellhead prices, and put in place the new zone-based formula for making oil and gas sector more attractive for the exploration and production (E&P)
Published 01 Mar, 2007 12:00am
Musharraf tells foreign terrorists to leave or face action

Musharraf tells foreign terrorists to leave or face action

President General Pervez Musharraf has said that extremism and terrorism is a serious threat to the country and warned the foreign terrorists, still hiding in the Tribal areas to leave immediately or face stern action.
Published 01 Mar, 2007 12:00am
Musharraf tells foreign terrorists to leave or face action

Musharraf tells foreign terrorists to leave or face action

President General Pervez Musharraf has said that extremism and terrorism is a serious threat to the country and warned the foreign terrorists, still hiding in the Tribal areas to leave immediately or face stern action.
Published 01 Mar, 2007 12:00am