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Print - 2007-05-04
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 May, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Land near Port Qasim not yet handed over to allottees: Ghauri

Land near Port Qasim not yet handed over to allottees: Ghauri

The ministry of railways has failed to hand over possession of industrial land near Port Qasim to the allottees despite the fact that the ministry of ports and shipping has made full payment to the railway ministry in January 2006, said Ports and Shipping
Published 04 May, 2007 12:00am
PSO bidding may be delayed further

PSO bidding may be delayed further

The government may delay bidding for a controlling stake in the country''s top oil marketing company, Pakistan State Oil (PSO), by several few weeks due to a legal wrangle over the disqualification of a Saudi-backed bidder, an official source said on Thur
Published 04 May, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 May, 2007 12:00am
PSO bidding may be delayed further

PSO bidding may be delayed further

The government may delay bidding for a controlling stake in the country's top oil marketing company, Pakistan State Oil (PSO), by several few weeks due to a legal wrangle over the disqualification of a Saudi-backed bidder, an official source said on Thurs
Published 04 May, 2007 12:00am
PSO bidding may be delayed further

PSO bidding may be delayed further

The government may delay bidding for a controlling stake in the country's top oil marketing company, Pakistan State Oil (PSO), by several few weeks due to a legal wrangle over the disqualification of a Saudi-backed bidder, an official source said on Thurs
Published 04 May, 2007 12:00am
Engro Chemical to sell Rs 4 billion bonds

Engro Chemical to sell Rs 4 billion bonds

Engro Chemical Pakistan Ltd will issue domestic corporate bonds worth Rs 4 billion ($66 million) to help raise funds for its new fertiliser manufacturing facility, banking sources said on Thursday. Engro, Pakistan''''s second largest urea fertiliser produ
Published 04 May, 2007 12:00am
Engro Chemical to sell Rs 4 billion bonds

Engro Chemical to sell Rs 4 billion bonds

Engro Chemical Pakistan Ltd will issue domestic corporate bonds worth Rs 4 billion ($66 million) to help raise funds for its new fertiliser manufacturing facility, banking sources said on Thursday. Engro, Pakistan''s second largest urea fertiliser produce
Published 04 May, 2007 12:00am
Engro Chemical to sell Rs 4 billion bonds

Engro Chemical to sell Rs 4 billion bonds

Engro Chemical Pakistan Ltd will issue domestic corporate bonds worth Rs 4 billion ($66 million) to help raise funds for its new fertiliser manufacturing facility, banking sources said on Thursday. Engro, Pakistan's second largest urea fertiliser producer
Published 04 May, 2007 12:00am
Engro Chemical to sell Rs 4 billion bonds

Engro Chemical to sell Rs 4 billion bonds

Engro Chemical Pakistan Ltd will issue domestic corporate bonds worth Rs 4 billion ($66 million) to help raise funds for its new fertiliser manufacturing facility, banking sources said on Thursday. Engro, Pakistan's second largest urea fertiliser producer
Published 04 May, 2007 12:00am
Al-Zamin Group takes over Crescent Leasing

Al-Zamin Group takes over Crescent Leasing

The Crescent Leasing Corporation Limited (CresLease) has been acquired by Al-Zamin Group, which constitutes Al-Zamin Leasing Modaraba, Zahidjee Textile Mills Limited and their directors, all regulatory approvals and legal procedures for the transfer of ma
Published 04 May, 2007 12:00am
Al-Zamin Group takes over Crescent Leasing

Al-Zamin Group takes over Crescent Leasing

The Crescent Leasing Corporation Limited (CresLease) has been acquired by Al-Zamin Group, which constitutes Al-Zamin Leasing Modaraba, Zahidjee Textile Mills Limited and their directors, all regulatory approvals and legal procedures for the transfer of ma
Published 04 May, 2007 12:00am
Al-Zamin Group takes over Crescent Leasing

Al-Zamin Group takes over Crescent Leasing

The Crescent Leasing Corporation Limited (CresLease) has been acquired by Al-Zamin Group, which constitutes Al-Zamin Leasing Modaraba, Zahidjee Textile Mills Limited and their directors, all regulatory approvals and legal procedures for the transfer of ma
Published 04 May, 2007 12:00am
Pak-Afghan 'jirga' invitees finalised: Sherpao

Pak-Afghan 'jirga' invitees finalised: Sherpao

Afghanistan and Pakistan have finalised lists of about 350 people each to attend a joint "jirga" to tackle the Taliban insurgency, Interior Minister Aftab Ahmed Khan Sherpao said on Thursday. The two sides are now working on the details of the agenda for
Published 04 May, 2007 12:00am
Pak-Afghan 'jirga' invitees finalised: Sherpao

Pak-Afghan 'jirga' invitees finalised: Sherpao

Afghanistan and Pakistan have finalised lists of about 350 people each to attend a joint "jirga" to tackle the Taliban insurgency, Interior Minister Aftab Ahmed Khan Sherpao said on Thursday. The two sides are now working on the details of the agenda for
Published 04 May, 2007 12:00am
Slic chief services extended

Slic chief services extended

The reemployment on contract of Kamal Afsar as chairman of the State Life Insurance Corporation of Pakistan is extended on the existing terms and conditions for a period of one year from May 11, 2007. An announcement to this effect was made by an official
Published 04 May, 2007 12:00am
Spinners may part ways with Aptma

Spinners may part ways with Aptma

Spinning mill-owners on Thursday hinted at parting ways with All Pakistan Textile Mills Association (Aptma), saying the latter has failed to resolve their problems and plead their case before the government in an effective manner.
Published 04 May, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Spinners may part ways with Aptma

Spinners may part ways with Aptma

Spinning mill-owners on Thursday hinted at parting ways with All Pakistan Textile Mills Association (Aptma), saying the latter has failed to resolve their problems and plead their case before the government in an effective manner.
Published 04 May, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Spinners may part ways with Aptma

Spinners may part ways with Aptma

Spinning mill-owners on Thursday hinted at parting ways with All Pakistan Textile Mills Association (Aptma), saying the latter has failed to resolve their problems and plead their case before the government in an effective manner.
Published 04 May, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Pakistan buys 200,000 tonnes European rapeseed

Pakistan buys 200,000 tonnes European rapeseed

Pakistan has signed deals to import 200,000 tonnes of European rapeseed for August shipments, Rasheed Janmohammed, Director of Westbury (Private) Ltd said on Thursday.
Published 04 May, 2007 12:00am
Pakistan buys 200,000 tonnes European rapeseed

Pakistan buys 200,000 tonnes European rapeseed

Pakistan has signed deals to import 200,000 tonnes of European rapeseed for August shipments, Rasheed Janmohammed, Director of Westbury (Private) Ltd said on Thursday.
Published 04 May, 2007 12:00am
Pakistan buys 200,000 tonnes European rapeseed

Pakistan buys 200,000 tonnes European rapeseed

Pakistan has signed deals to import 200,000 tonnes of European rapeseed for August shipments, Rasheed Janmohammed, Director of Westbury (Private) Ltd said on Thursday.
Published 04 May, 2007 12:00am
Sugar import from India opposed

Sugar import from India opposed

The Pakistan Sugar Mills Association (PSMA), Punjab Zone, has expressed the concern over the news item appearing in the press regarding import of Indian sugar. The Association says that it is having negative impact on market sentiment and affecting cash f
Published 04 May, 2007 12:00am
Exploration and production sector profit rises 11.8 percent

Exploration and production sector profit rises 11.8 percent

Profitability of the Exploration and Production (E&P) sector has increased by 11.8 percent to Rs 52.77 billion in the first nine months of the current fiscal year (2006-2007) as compared with Rs 47.19 billion during the corresponding period of last year.
Published 04 May, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Islamabad and Tehran agree to speed up IPI gas project

Islamabad and Tehran agree to speed up IPI gas project

Pakistan and Iran have agreed to speed up Iran-Pakistan-India (IPI) gas pipeline project as it would create linkages and interdependencies leading to win-win situation for all and promote peace in the region.
Published 04 May, 2007 12:00am
Islamabad and Tehran agree to speed up IPI gas project

Islamabad and Tehran agree to speed up IPI gas project

Pakistan and Iran have agreed to speed up Iran-Pakistan-India (IPI) gas pipeline project as it would create linkages and interdependencies leading to win-win situation for all and promote peace in the region.
Published 04 May, 2007 12:00am
Islamabad and Tehran agree to speed up IPI gas project

Islamabad and Tehran agree to speed up IPI gas project

Pakistan and Iran have agreed to speed up Iran-Pakistan-India (IPI) gas pipeline project as it would create linkages and interdependencies leading to win-win situation for all and promote peace in the region.
Published 04 May, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 03, 2007).
Published 04 May, 2007 12:00am
Media enjoys unprecedented freedom: Tariq

Media enjoys unprecedented freedom: Tariq

Minister of State for Information Tariq Azeem said on Thursday that press in Pakistan had never been so free in the history of the country as it was today and Pakistani media was enjoying unprecedented freedom.
Published 04 May, 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 Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Ten rockets fired at army camp in Waziristan

Ten rockets fired at army camp in Waziristan

Ten rockets were fired at an army camp in North Waziristan tribal region early Thursday but no one was hurt, official sources said. The rockets were fired at a camp at Dukoye area, some 60 kilometres west of Miranshah, the headquarters of North Waziristan
Published 04 May, 2007 12:00am
ISE equities fail to show healthy signs

ISE equities fail to show healthy signs

Equities failed to show healthy signs on Thursday at the Islamabad Stock Exchange (ISE) where selling-pressure in hot favourite moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index showed a decrease of 16.76 points, as
Published 04 May, 2007 12:00am
ISE equities fail to show healthy signs

ISE equities fail to show healthy signs

Equities failed to show healthy signs on Thursday at the Islamabad Stock Exchange (ISE) where selling-pressure in hot favourite moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index showed a decrease of 16.76 points, as
Published 04 May, 2007 12:00am
Range-bound activity on LSE

Range-bound activity on LSE

Trade activity was range-bound on Lahore Stock Exchange (LSE) on Thursday with all key oil sectors' scrips remaining under pressure, leading to negative closing of the market. The LSE-25 index finished at 4600.10 points as against 4621.99 of Wednesday, re
Published 04 May, 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 Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
Range-bound activity on LSE

Range-bound activity on LSE

Trade activity was range-bound on Lahore Stock Exchange (LSE) on Thursday with all key oil sectors' scrips remaining under pressure, leading to negative closing of the market. The LSE-25 index finished at 4600.10 points as against 4621.99 of Wednesday, re
Published 04 May, 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 Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
LPG prices increased by Rs 2000 per tonne

LPG prices increased by Rs 2000 per tonne

The Oil and Gas Regulatory Authority (Ogra) on Thursday revised liquefied petroleum gas (LPG) prices upward by fixing the new rates at Rs 32,723 per ton for the current month. A notification issued here said that the new LPG prices will be effective from
Published 04 May, 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 Thursday (May 03, 2007).

Published 04 May, 2007 12:00am
LPG prices increased by Rs 2000 per tonne

LPG prices increased by Rs 2000 per tonne

The Oil and Gas Regulatory Authority (Ogra) on Thursday revised liquefied petroleum gas (LPG) prices upward by fixing the new rates at Rs 32,723 per ton for the current month. A notification issued here said that the new LPG prices will be effective from
Published 04 May, 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 04 May, 2007 12:00am
LPG prices increased by Rs 2000 per tonne

LPG prices increased by Rs 2000 per tonne

The Oil and Gas Regulatory Authority (Ogra) on Thursday revised liquefied petroleum gas (LPG) prices upward by fixing the new rates at Rs 32,723 per ton for the current month. A notification issued here said that the new LPG prices will be effective from
Published 04 May, 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 04 May, 2007 12:00am
Prime Minister reviews textile sector''s performance

Prime Minister reviews textile sector''s performance

Prime Minister Shaukat Aziz chaired a meeting here on Thursday to review the textile sector. He said: "Textile is the backbone of our industrial sector and the government will continue to support the private sector in its efforts to modernise itself to in
Published 04 May, 2007 12:00am
Prime Minister reviews textile sector's performance

Prime Minister reviews textile sector's performance

Prime Minister Shaukat Aziz chaired a meeting here on Thursday to review the textile sector. He said: "Textile is the backbone of our industrial sector and the government will continue to support the private sector in its efforts to modernise itself to in
Published 04 May, 2007 12:00am
Prime Minister reviews textile sector's performance

Prime Minister reviews textile sector's performance

Prime Minister Shaukat Aziz chaired a meeting here on Thursday to review the textile sector. He said: "Textile is the backbone of our industrial sector and the government will continue to support the private sector in its efforts to modernise itself to in
Published 04 May, 2007 12:00am
Tax reforms in Pakistan

Tax reforms in Pakistan

The Central Board of Revenue has taken the bold initiative of reforming the Tax Administration, through introducing a multifaceted strategy approved by the President of Pakistan on 17th November, 2001.
Published 04 May, 2007 12:00am
Five million tonnes wheat to be exported in 2007

Five million tonnes wheat to be exported in 2007

The government has decided to export 5 million tonnes of wheat in 2007 through the private sector, announced Sikandar Hayat Khan Bosan, Federal Minister for Food, Agriculture and Livestock, at a press conference held here on Thursday. He said that the dec
Published 04 May, 2007 12:00am
Message from Chairman CBR

Message from Chairman CBR

By now, when we are half way through of completely revamping the country's taxation system, the phrase of Tax Administration Reforms Program has become a common diction in the business community. However, to me the most important aspect of the Reforms tha
Published 04 May, 2007 12:00am
Five million tonnes wheat to be exported in 2007

Five million tonnes wheat to be exported in 2007

The government has decided to export 5 million tonnes of wheat in 2007 through the private sector, announced Sikandar Hayat Khan Bosan, Federal Minister for Food, Agriculture and Livestock, at a press conference held here on Thursday. He said that the dec
Published 04 May, 2007 12:00am
Five million tonnes wheat to be exported in 2007

Five million tonnes wheat to be exported in 2007

The government has decided to export 5 million tonnes of wheat in 2007 through the private sector, announced Sikandar Hayat Khan Bosan, Federal Minister for Food, Agriculture and Livestock, at a press conference held here on Thursday. He said that the dec
Published 04 May, 2007 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I congratulate Central Board of Revenue on organising National Conference on Tax Administration Reforms Program in collaboration with the corporate sector. It is indeed an exemplary effort to build mutual trust between taxpayers and tax collectors and to
Published 04 May, 2007 12:00am
BRIndex30 gains 13.66 points

BRIndex30 gains 13.66 points

On Thursday, BRIndex30 opened in the positive zone at 13,721.88. It closed at 13,713.27 with a net positive change of 13.66 points and percentage change of 0.10. It experienced intra-day high of 13,755.76 and intra-day low of 13,638.69 with volume of 231,
Published 04 May, 2007 12:00am
Message from President of Pakistan

Message from President of Pakistan

I am delighted to learn that the Central Board of Revenue is holding this National Conference on Tax Administration Reforms Program. Since the inception of this Government, tax reforms were at the top of our agenda.
Published 04 May, 2007 12:00am
BRIndex30 gains 13.66 points

BRIndex30 gains 13.66 points

On Thursday, BRIndex30 opened in the positive zone at 13,721.88. It closed at 13,713.27 with a net positive change of 13.66 points and percentage change of 0.10. It experienced intra-day high of 13,755.76 and intra-day low of 13,638.69 with volume of 231,
Published 04 May, 2007 12:00am
South African wheat crop

South African wheat crop

South Africa's Crop Estimates Committee put the final estimate of the 2006/07 wheat crop at around 2.11 million tonnes on Thursday, down from its previous forecast of roughly 2.12 million. The committee reduced its forecast after dry weather hit the crop,
Published 04 May, 2007 12:00am
KSE turns sluggish after initial rally

KSE turns sluggish after initial rally

The local share market opened on a positive note and the KSE-100 index hit 12,483.48 points intra-day high level on the back of fresh foreign buying at lower level. However, the index could not sustain that level due to cautious stance of the local invest
Published 04 May, 2007 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Thursday, while the differential to cargo values stood slightly above parity levels, as the market was nervous about the supply impact following ExxonMobil's refinery outage, traders said.
Published 04 May, 2007 12:00am
KSE turns sluggish after initial rally

KSE turns sluggish after initial rally

The local share market opened on a positive note and the KSE-100 index hit 12,483.48 points intra-day high level on the back of fresh foreign buying at lower level. However, the index could not sustain that level due to cautious stance of the local invest
Published 04 May, 2007 12:00am