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Print - 2007-04-05
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
Pakistan and Ireland discuss education system

Pakistan and Ireland discuss education system

A delegation on Wednesday led by Michael Ahren, Minister for International Trade of Ireland called on Dr Hamida Khuhro, Sindh Minister for Education and Literacy and discussed on bringing reforms in education system in both the countries.
Published 05 Apr, 2007 12:00am
Salman to attend JEC moot in Beijing

Salman to attend JEC moot in Beijing

Adviser to Prime Minister on Finance Dr Salman Shah will arrive here on April 9 to represent Pakistan at the joint economic commission (JEC) meeting, which is scheduled for early next week. The Chinese side will be represented at the JEC by Minister for C
Published 05 Apr, 2007 12:00am
THE RUPEE: dollar gains four paisa in interbank market

THE RUPEE: dollar gains four paisa in interbank market

The rupee extended its slide versus dollar in the interbank market on Wednesday, losing four paisa for buying and selling at Rs 60.74 and Rs 60.75, dealers said. The rupee was down on rising demand for dollar as different banks purchased approximately 50
Published 05 Apr, 2007 12:00am
THE RUPEE: dollar gains four paisa in interbank market

THE RUPEE: dollar gains four paisa in interbank market

The rupee extended its slide versus dollar in the interbank market on Wednesday, losing four paisa for buying and selling at Rs 60.74 and Rs 60.75, dealers said. The rupee was down on rising demand for dollar as different banks purchased approximately 50
Published 05 Apr, 2007 12:00am
Mitsui OSK to open shipping office in Pakistan

Mitsui OSK to open shipping office in Pakistan

Akimitsu Ashida, President of Mitsui OSK Lines Ltd (MOL) on Wednesday announced the opening of a new subsidiary in Pakistan from April 16. Mitsui O.S.K. Lines Pakistan (Pvt) Ltd will handle all MOL's liner and non-liner business and ocean consolidation bu
Published 05 Apr, 2007 12:00am
Kamran assumes charge as Secretary Defence

Kamran assumes charge as Secretary Defence

The newly posted Secretary Defence Kamran Rasool assumed the charge of his office on Thursday. He held introductory meetings with the senior officials of the ministry, after assuming the charge of the post at the Ministry of Defence Rawalpindi.
Published 05 Apr, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
Senate delegation visits CPIFA

Senate delegation visits CPIFA

A 7-member delegation of the Senate Standing Committee on Defence & Defence Production, led by Senator Nisar A Memon, has arrived at Beijing on a week-long visit to the People's Republic of China. The delegation is visiting China on the invitation of Chin
Published 05 Apr, 2007 12:00am
SCO signs agreements with banks

SCO signs agreements with banks

The Special Communications Organisation (SCO) has signed agreements with National Bank of Pakistan, Standard Chartered Bank, PICIC Commercial Bank, Habib Metropolitan Bank, Prime Bank, Bank Al-Falah and Faysal Bank under extension of facilitation programm
Published 05 Apr, 2007 12:00am
'IPI project to be a symbol of economic sovereignty'

'IPI project to be a symbol of economic sovereignty'

National Assembly Speaker Chaudhry Amir Husain on Wednesday counselled enhanced economic co-operation between Muslim countries. 'It would lead to greater unity in the Islamic Ummah.'
Published 05 Apr, 2007 12:00am
Adamjee Insurance signs deal with Faysal Bank

Adamjee Insurance signs deal with Faysal Bank

Adamjee Insurance Company Limited (AICL) and Faysal Bank Limited (FBL) signed an agreement which has mandated FBL to provide AICL with an Automated Cheque Printing System.
Published 05 Apr, 2007 12:00am
Sindh Assembly session proves short-lived

Sindh Assembly session proves short-lived

Sindh Assembly session on Wednesday was short-lived, as it could not survive the onslaught of the Treasury benches and the over-excitement of opposition members who wanted to dictate their terms in conducting the proceedings.
Published 05 Apr, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
Arbab criticises opposition for playing politics

Arbab criticises opposition for playing politics

Sindh Chief Minister Dr Arbab Ghulam Rahim has castigated the opposition in Sindh Assembly for playing politics on non-issues. Addressing a press conference at his Sindh Assembly Chamber here on Wednesday.
Published 05 Apr, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Apr, 2007 12:00am
IIN-SMEDA & Intel sign MoU

IIN-SMEDA & Intel sign MoU

The Industrial Information Network (IIN) SMEDA and Intel Pakistan Corporation on Tuesday signed a Memorandum of Understanding (MoU) to create awareness about the adoption of latest technology among the business circles and make them able to compete the ne
Published 05 Apr, 2007 12:00am
Board meetings in progress

Board meetings in progress

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

Published 05 Apr, 2007 12:00am
'Next census to be conducted in 2008'

'Next census to be conducted in 2008'

National Assembly Standing Committee on Economic Affairs Wednesday was informed that the next census would be conducted in 2008. Rasheed Akbar Khan, Member National Assembly and Chairman Standing Committee on Economic Affairs presided over the meeting.
Published 05 Apr, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Apr, 2007 12:00am
Conference on war of independence on May 10

Conference on war of independence on May 10

A conference in connection with the war of independence 1857 will be held on May 10 here. This was announced by Pakistan Muslim League (PML) Secretary General Mushahid Hussain Syed while addressing a meeting.
Published 05 Apr, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Apr, 2007 12:00am
Government will not withdraw reference against CJP: Rashid

Government will not withdraw reference against CJP: Rashid

Federal Minister for Railways, Sheikh Rashid Ahmed has said government would not withdraw its reference against non-functional Chief Justice Iftikhar Muhammad Chaudhry. "People who are talking about it have their own interests as they want to deprive the
Published 05 Apr, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
Naeem Bokhari clarifies

Naeem Bokhari clarifies

Eminent lawyer Naeem Bokhari has strongly refuted a statement against CBR Chairman and Member Audit attributed to him. In a statement issued here on Wednesday, Bokhari said, "I have written no letter concerning CBR Chairman who is well known to me and an
Published 05 Apr, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Apr, 2007 12:00am
Sugar production reaches 3.6 million tons

Sugar production reaches 3.6 million tons

Sugar production has reached close to three million tons and the total production has been estimated at 3.6 million tons at the close of the current sugarcane crushing season, sources in the ministry of industries told Business Recorder on Wednesda
Published 05 Apr, 2007 12:00am
Loadshedding duration reduced

Loadshedding duration reduced

KESC has reduced the duration of loadshedding to one hour in the city as Wapda has increased the power supply from 300 mw to 450 mw. However power shortage of 150 mw still exists as the city demand has risen to 2100 mw. Earlier Wapda was providing 650 mw.
Published 05 Apr, 2007 12:00am
'Foreign hands involved in instigating violence in Iraq'

'Foreign hands involved in instigating violence in Iraq'

The Iraqi media giant and Mujtahid, Sayed Ammar Al-Hakim has said that terrorism in Iraq was continued on the back of foreign support and added that 'terrorists' had no specific target or enmity but their sole purpose was to spread anarchy and undermine t
Published 05 Apr, 2007 12:00am
Exchange of Pak-Iran parliamentarians to help grow ties: Musharraf

Exchange of Pak-Iran parliamentarians to help grow ties: Musharraf

President General Pervez Musharraf on Wednesday said exchange of parliamentarians and people-to-people contact would further strengthen bilateral relations between Pakistan and Iran. He was talking to Speaker of the Parliament (Majlis) of Iran, Dr Gholam
Published 05 Apr, 2007 12:00am
Non-life insurance sector depicts tremendous growth in 2006

Non-life insurance sector depicts tremendous growth in 2006

The non-life insurance sector depicted tremendous growth in 2006 as the combined profitability of the top 15 non-life insurance companies (having 88 percent share of the market capitalisation) stood at Rs 6.2 billion as compared to Rs 3.8 billion in 2005,
Published 05 Apr, 2007 12:00am
Non-life insurance sector depicts tremendous growth in 2006

Non-life insurance sector depicts tremendous growth in 2006

The non-life insurance sector depicted tremendous growth in 2006 as the combined profitability of the top 15 non-life insurance companies (having 88 percent share of the market capitalisation) stood at Rs 6.2 billion as compared to Rs 3.8 billion in 2005,
Published 05 Apr, 2007 12:00am
Non-life insurance sector depicts tremendous growth in 2006

Non-life insurance sector depicts tremendous growth in 2006

The non-life insurance sector depicted tremendous growth in 2006 as the combined profitability of the top 15 non-life insurance companies (having 88 percent share of the market capitalisation) stood at Rs 6.2 billion as compared to Rs 3.8 billion in 2005,
Published 05 Apr, 2007 12:00am
60 foreign militants killed in fresh clashes

60 foreign militants killed in fresh clashes

Fresh clashes erupted in a tribal region on Wednesday after a tribal force launched an offensive to expel foreign al Qaeda-linked militants from their lands, officials said. Up to 60 foreign militants, most of them Uzbeks, were believed to have been kille
Published 05 Apr, 2007 12:00am
60 foreign militants killed in fresh clashes

60 foreign militants killed in fresh clashes

Fresh clashes erupted in a tribal region on Wednesday after a tribal force launched an offensive to expel foreign al Qaeda-linked militants from their lands, officials said. Up to 60 foreign militants, most of them Uzbeks, were believed to have been kille
Published 05 Apr, 2007 12:00am
LPG artificial price hike allegations refuted

LPG artificial price hike allegations refuted

The LPG Association of Pakistan (LPGAP), a grouping of all licensed LPG marketing companies, strongly refuted the allegations by a purported representative of LPG distributors, and published in national newspapers on Wednesday.
Published 05 Apr, 2007 12:00am
LPG artificial price hike allegations refuted

LPG artificial price hike allegations refuted

The LPG Association of Pakistan (LPGAP), a grouping of all licensed LPG marketing companies, strongly refuted the allegations by a purported representative of LPG distributors, and published in national newspapers on Wednesday.
Published 05 Apr, 2007 12:00am
LPG artificial price hike allegations refuted

LPG artificial price hike allegations refuted

The LPG Association of Pakistan (LPGAP), a grouping of all licensed LPG marketing companies, strongly refuted the allegations by a purported representative of LPG distributors, and published in national newspapers on Wednesday.
Published 05 Apr, 2007 12:00am
CBR turns down proposal to restore customs check-posts

CBR turns down proposal to restore customs check-posts

The Central Board of Revenue (CBR) has turned down the proposal to restore customs check-posts for controlling growing volume of smuggling, particularly in Balochistan and NWFP. It is learnt that CBR Customs Wing has detected massive increase in smuggling
Published 05 Apr, 2007 12:00am
CBR turns down proposal to restore customs check-posts

CBR turns down proposal to restore customs check-posts

The Central Board of Revenue (CBR) has turned down the proposal to restore customs check-posts for controlling growing volume of smuggling, particularly in Balochistan and NWFP. It is learnt that CBR Customs Wing has detected massive increase in smuggling
Published 05 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
CBR turns down proposal to restore customs check-posts

CBR turns down proposal to restore customs check-posts

The Central Board of Revenue (CBR) has turned down the proposal to restore customs check-posts for controlling growing volume of smuggling, particularly in Balochistan and NWFP. It is learnt that CBR Customs Wing has detected massive increase in smuggling
Published 05 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
Foundation Coal mines on strike, one to close

Foundation Coal mines on strike, one to close

Union-represented workers went on strike at three Foundation Coal Holdings Inc mines in Pennsylvania and Illinois on Wednesday in the first major strike against the coal mining industry in 13 years.
Published 05 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
'Big trade surplus not good for China'

'Big trade surplus not good for China'

A large trade surplus is not good for China's sustainable development but the exchange rate is "just one side" contributing to it, China's deputy central bank governor said on Wednesday.
Published 05 Apr, 2007 12:00am
Best Buy quarterly profit rises

Best Buy quarterly profit rises

Best Buy Co reported an 18.5 percent rise in fourth-quarter profit on Wednesday, helped by sales of flat-panel televisions. Best Buy shares were up 1.8 percent in electronic composite trading after the results, compared with a 2.9 percent decline for riva
Published 05 Apr, 2007 12:00am
Best Buy quarterly profit rises

Best Buy quarterly profit rises

Best Buy Co reported an 18.5 percent rise in fourth-quarter profit on Wednesday, helped by sales of flat-panel televisions. Best Buy shares were up 1.8 percent in electronic composite trading after the results, compared with a 2.9 percent decline for riva
Published 05 Apr, 2007 12:00am
Bears rule on ISE

Bears rule on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based erosion under the lead of trend setters amid decrease in index. ISE Ten Index was down by 6.76 points, as the index moved from 2,595.81 to 2,589.
Published 05 Apr, 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 (April 04, 2007).

Published 05 Apr, 2007 12:00am
Bears rule on ISE

Bears rule on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based erosion under the lead of trend setters amid decrease in index. ISE Ten Index was down by 6.76 points, as the index moved from 2,595.81 to 2,589.
Published 05 Apr, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (April 04, 2007).

Published 05 Apr, 2007 12:00am
Range-bound activity on LSE

Range-bound activity on LSE

The Lahore share market on Wednesday depicted range-bound activity and ended fractionally lower. The LSE-25 index moved down to 4297.17 points from Tuesday's 4309.19 points, with a slight decline of 12.02 points.
Published 05 Apr, 2007 12:00am
Range-bound activity on LSE

Range-bound activity on LSE

The Lahore share market on Wednesday depicted range-bound activity and ended fractionally lower. The LSE-25 index moved down to 4297.17 points from Tuesday's 4309.19 points, with a slight decline of 12.02 points.
Published 05 Apr, 2007 12:00am
CITs empowered to select cases for audit

CITs empowered to select cases for audit

The Commissioners of Income Tax (CITs) are empowered to select any case for audit, keeping in view CBR''s case selection criteria. Sources told Business Recorder on Wednesday that section 177 of Income Tax Ordinance 2001 provides for selection of c
Published 05 Apr, 2007 12:00am
CITs empowered to select cases for audit

CITs empowered to select cases for audit

The Commissioners of Income Tax (CITs) are empowered to select any case for audit, keeping in view CBR's case selection criteria. Sources told Business Recorder on Wednesday that section 177 of Income Tax Ordinance 2001 provides for selection of ca
Published 05 Apr, 2007 12:00am
CITs empowered to select cases for audit

CITs empowered to select cases for audit

The Commissioners of Income Tax (CITs) are empowered to select any case for audit, keeping in view CBR's case selection criteria. Sources told Business Recorder on Wednesday that section 177 of Income Tax Ordinance 2001 provides for selection of ca
Published 05 Apr, 2007 12:00am
BRIndex30 manages to end in green zone

BRIndex30 manages to end in green zone

The BRIndex30 on Wednesday opened with a jump gap of 37.03 points and remained in the green zone for most of the time, experiencing a little seesaw near the end of the trading time. It closed at 12,362.34, registering a positive change of 3.25 points and
Published 05 Apr, 2007 12:00am
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