News Archives for Print - 2007-05-31

Print - 2007-05-31

LME plastic prices

LME plastic prices on Tuesday.

Published 31 May, 2007 12:00am

FTA with Malaysia likely in two months: Humayun

Commerce Minister Humayun Akhtar Khan has said that Pakistan-Malaysia Free Trade Agreement (FTA) was expected to be signed within two months as the two sides had concluded the negotiations on all technical aspects.

Published 31 May, 2007 12:00am

LME official prices

LME official prices on Tuesday.

Published 31 May, 2007 12:00am

Dr Akram Sheikh honoured

Planning Commission Deputy Chairman, Dr Akram Sheikh has been awarded lifetime achievement award by the Institution of Engineers Pakistan (IEP). IEP Rawalpindi-Islamabad Centre on Wednesday arranged an award giving ceremony and annual dinner to mark the E

Published 31 May, 2007 12:00am

LME official prices

LME official prices on Tuesday.

Published 31 May, 2007 12:00am

US charges Pakistani former banker with insider trading

US prosecutors charged a former Pakistani banker with securities fraud on Tuesday, saying he made nearly $8 million in illegal profits after getting insider information on pending merger deals from a former Credit Suisse investment banker.

Published 31 May, 2007 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, May 31, 2007.

Published 31 May, 2007 12:00am

APNS condoles Tahir Mirza's death

Hameed Haroon, President and Muhammad Aslam Kazi, Secretary General, All Pakistan Newspapers Society, on behalf of the office bearers and members of the executive committee, have expressed profound grief over the sad demise of Mr Tahir Mirza, the former e

Published 31 May, 2007 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, May 31, 2007.

Published 31 May, 2007 12:00am

Issuance of CNICs to Afghan refugees slammed

Elders of Isa Khel tribe of Mohmand Agency Wednesday charged the political administration and officials of National Database and Registration Authority (Nadra) for issuance of Computerised National Identity Cards (CNICs) and domiciles to Afghan refugees o

Published 31 May, 2007 12:00am

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, May 31, 2007.

Published 31 May, 2007 12:00am

Exhibition

An exhibition of miniature paintings of the class of 2006, will be open at the Alliance Française de Karachi, on Friday 1st June at 6.00 pm. The students have all graduated from the National College of Arts, Lahore, said a press release on Wednesday.

Published 31 May, 2007 12:00am

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

National Art Gallery still awaits inauguration

Though, the National Art Gallery is still awaiting an inauguration by the President, it is still considered the favourite enough to receive the budget of Rs 380 million for 2007-08, a participant told Business Recorder after attending the National

Published 31 May, 2007 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Removing garbage from Karachi: 'Senate body must monitor FPCCI offer if accepted'

Give tax incentives in the budget and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) would do all that it can to remove stinking garbage source of pollution in the harbour area and the streets of Karachi.

Published 31 May, 2007 12:00am

Poultry rates

Wholesale poultry rates on Wednesday (May 30, 2007) and for Thursday (May 31, 2007).

Published 31 May, 2007 12:00am

PPMA clarification

Chairman, Pakistan Pharmaceutical Manufacturers Association (PPMA), Dr Qaiser Waheed has clarified news item published in Business Recorder on May 28 captioned, "Pharma companies top brass to be exempted from drug court hearings".

Published 31 May, 2007 12:00am

Multan commodities market rates

Commodities market rates in rupees on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Denim makers flay withholding tax proposal

Dr Mirza Ikhtiar Baig Senior Vice Chairman Pakistan Denim Manufacturers and Exporters Association (PDMEA) has strongly opposed the statement released that CBR is considering to make uniform withholding tax at import stage on import of raw materials by the

Published 31 May, 2007 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Mobilink announces joint-initiative with MoT

Mobilink has announced a joint-initiative with the Ministry of Tourism to promote 'Destination Pakistan 2007' project, through the International Travel & Tourism Mart Pakistan (ITTMP) 2007. The event is being held at the Karachi Expo Centre on June 01-03.

Published 31 May, 2007 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Over $3 billion invested in telecom sector in three years: PTA

Country's telecom sector has attracted record inflow of Foreign Direct Investment (FDI) during the last three years, which has crossed 3 billion dollar mark. This is continuing and new companies are investing in their network and infrastructure build up.

Published 31 May, 2007 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Removal of Rs 500 mobile activation charges, 10 percent withholding tax sought

Pakistan Telecommunication Authority (PTA) has approached the Central Board of Revenue (CBR) for removal of Rs 500 activation charges and 10 per cent withholding tax on mobile sector in the upcoming budget, sources told Business Recorder on Wednesd

Published 31 May, 2007 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Removal of Rs 500 mobile activation charges, 10 percent withholding tax sought

Published 31 May, 2007 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

National Assembly body briefed on power situation in Karachi

National Assembly Standing Committee on Water and Power on Wednesday was briefed on the current acute load shedding problem in Karachi. The meeting chaired by Ghulam Murtaza Maitla, MNA was briefed by representative of KESC.

Published 31 May, 2007 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Saudi envoy hails new Makkah governor

The Consul General of Saudi Arabia in Karachi, Dr Hassan A Attar, who is also the Dean of Consular Corps, has welcomed the induction of Prince Khalid Bin Faisal Bin Abdul Aziz as the Governor of Makkah Al Mukarramah region. He said that the appointment of

Published 31 May, 2007 12:00am

THE RUPEE: minor changes in currency ratios

Firmness prevailed in the currency market on Wednesday as the rupee held its overnight levels against the dollar in process of trading, dealers said. The rupee managed to gain versus dollar two paisa for buying at Rs 60.70 and gained one paisa for selling

Published 31 May, 2007 12:00am

Haj scheme for Pakistan Steel employees announced

The employees of the organisation had played a key role in the progress of the Pakistan Steel (PS). Therefore, they must receive a share of the profits of the organisation. This was stated by PS Chairman Major General Muhammad Javaid (Retd), while address

Published 31 May, 2007 12:00am

THE RUPEE: minor changes in currency ratios

Published 31 May, 2007 12:00am

Imam-e-Kaaba wants to see Ummah united

Imam-e-Kaaba (Masjid Al-Haraam), Shaikh Abdur Rehman Al-Sudais, had a busy day in the provincial metropolis on Wednesday having interaction with religious scholars, students, attending functions and leading prayers at Jamia Ashrafia, Punjab University and

Published 31 May, 2007 12:00am

Commercial Banks Habib: METROPOLITAN BANK LIMITED (FORMERLY METROPOLITAN BANK LIMITED) - Year Ended December 31, 2006 (Audited)

Habib Metropolitan Bank Limited (Habib-Metro Bank) was incorporated in Pakistan on August 3, 1992 as a public limited company, under the Companies Ordinance, 1984. Habib-Metro Bank commenced banking operations from October 21, 1992, with primary focus on

Published 31 May, 2007 12:00am

May 12 violence: plea to make Sindh chief minister respondent

An application praying to make Sindh Chief Minister Arbab Ghulam Rahim as respondent in petition filed against government officials for May 12, 2007 violence in Karachi was filed in the Sindh High Court on Wednesday. Iqbal Kazmi advocate filing applicatio

Published 31 May, 2007 12:00am

Commercial Banks Habib: METROPOLITAN BANK LIMITED (FORMERLY METROPOLITAN BANK LIMITED) - Year Ended December 31, 2006 (Audited)

Published 31 May, 2007 12:00am

Sindh University announces MSc exam results

The Controller of Examinations, University of Sindh has announced results of MSc previous of different subjects, under annual examination 2005 of the postgraduate degree colleges affiliated with the University here on Wednesday.

Published 31 May, 2007 12:00am

All shares index report

The sector-wise all shares index report on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Acting Chief Justice takes suo motu notice on woman's phone call

The Acting Chief Justice of Pakistan Justice Javed Iqbal took Suo Motu notice on a telephonic call made by a woman Kausar, resident of G- 11/3 alleging that she feared death threats from her husband. Taking Suo Motu notice of the call the ACJ directed the

Published 31 May, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (31, May 2007).

Published 31 May, 2007 12:00am

'Affidavit made public after presented in court'

Former Chief Justice of Pakistan Saeed-uz-Zaman Siddiqui has said that the affidavit submitted by Chief Justice Iftikhar Muhammad Chaudhry has become public as it is presented in an open court. In an interview with the BBC he said that the affidavit will

Published 31 May, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (31, May 2007).

Published 31 May, 2007 12:00am

People warned against illegal housing schemes

Director of Town Planning Tahir Ahmed has declared 11 more private housing schemes, launched in district Sanghar without any approval from his department, thus increasing the number of illegal housing schemes to 62 in four districts of the province.

Published 31 May, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (31, May 2007).

Published 31 May, 2007 12:00am

TMAs to get control of residential schemes

Provincial Minister for Housing and Urban Development, Syed Raza Ali Gillani has directed the Director General Punjab Housing and Town Planning Agency (Phata) to handover complete record along with all liabilities of all satellite towns, people colonies a

Published 31 May, 2007 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Housing societies: steps being taken to implement by-laws: minister

Provincial Minister for Co-Operative Colonel Malik Muhammad Anwar has said that the government is taking pragmatic measures for the implementation of by-laws of the housing societies. For this purpose comprehensive plan has been chalked out.

Published 31 May, 2007 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 31 May, 2007 12:00am

Interactive events to be ensured: PSHRMS

The Human Resource Management and Leadership Conference, organised by the Pakistan Society of Human Resource Management (PSHRM), concluded on Tuesday. Around 300 participants attended the event and exclusively sponsored by Mobilink, the country's market l

Published 31 May, 2007 12:00am

Cross Transactions

Cross transactions between client to client reported on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Nepwa oath-taking ceremony

The Managing Director, Nespak, Karamatullah Chaudhry, administered oath to the newly elected office-bearers of Nespak Professional Officers Welfare Association (Nepwa) at an impressive ceremony held at Nespak House, here on Wednesday.

Published 31 May, 2007 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 May, 2007 12:00am

Hydel power generation project: AJK and Canada ink MoU to start joint venture

The government of Azad Jammu and Kashmir (AJK) and Canada on Wednesday signed a Memorandum of Understanding (MoU) to start a joint hydel power generation project at a cost of five billion rupees.

Published 31 May, 2007 12:00am

Board meetings in progress

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

Published 31 May, 2007 12:00am

Tareen condemns targeting vital state institutions

Jahangir Khan Tareen, Federal Minister for Industries, Production and Special Initiative, has said that lawyers in their speeches, in the May 26 seminar held under the auspicious of Supreme Court Bar Association, have targeted vital state institutions in

Published 31 May, 2007 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 May, 2007 12:00am

Rashid confirms PPP-government deal

Railways Minister Sheikh Rashid Ahmed on Wednesday said that the Presidential election would prove that Pakistan Peoples Party and the government have reached a deal. Talking to reporters here after attending a function, the Railways Minister said things

Published 31 May, 2007 12:00am

Dividend/Bonus Announcements

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

Published 31 May, 2007 12:00am

Prime Minister gives on-spot directions on people's phone calls

Prime Minister Shaukat Aziz on Wednesday personally attended to public complaints by receiving phone calls from people and hoped it would help in prompt redressal of their problems. The prime minister took calls at the Public Grievances and Proposals Wing

Published 31 May, 2007 12:00am

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Indus water commission meeting today

A four-day annual permanent Indus Commission meeting will begin here on Thursday to discuss matters relating to rivers flowing from India to Pakistan and objections raised by Pakistan on Kishin Ganga and Uri-2 hydel projects.

Published 31 May, 2007 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 31 May, 2007 12:00am

FWO told to start work on expressway overhead bridges

The steering committee of Sheikh Rashid Expressway on Wednesday directed the Frontier Works Organisation (FWO) to simultaneously start work on all the overhead bridges on the Expressway with immediate effect. The committee directed the project executing b

Published 31 May, 2007 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 May, 2007 12:00am

Flour mills reduce atta prices

Beneficial results of wheat exports suspension have been witness in the market as the flour mills reduced atta prices by Rs 60 per 80-kg bag on Wednesday, traders said. "Suspension of wheat exports has improved the grains supply in the market, which was b

Published 31 May, 2007 12:00am

Companies under suspension

"Under Suspension" Companies listed on the Karachi Stock Exchange.

Published 31 May, 2007 12:00am

Flour mills reduce atta prices

Published 31 May, 2007 12:00am

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 31 May, 2007 12:00am

Flour mills reduce atta prices

Published 31 May, 2007 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 31 May, 2007 12:00am

July-April textile items export misses targets

Despite registering six percent growth, the country''s export of almost all the textile products fell significantly short of their targets set for the first 10 months of current financial year.

Published 31 May, 2007 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

July-April textile items export misses targets

Despite registering six percent growth, the country's export of almost all the textile products fell significantly short of their targets set for the first 10 months of current financial year.

Published 31 May, 2007 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

July-April textile items export misses targets

Despite registering six percent growth, the country's export of almost all the textile products fell significantly short of their targets set for the first 10 months of current financial year.

Published 31 May, 2007 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Pakistan and Afghanistan to cooperate against terrorism

Pakistan and Afghanistan vowed on Wednesday to deepen co-operation between their governments "at all levels", particularly in the fight against terrorism and repatriating Afghan refugees.

Published 31 May, 2007 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Pakistan and Afghanistan to cooperate against terrorism

Pakistan and Afghanistan vowed on Wednesday to deepen co-operation between their governments "at all levels", particularly in the fight against terrorism and repatriating Afghan refugees.

Published 31 May, 2007 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Number of companies under CFS to be reduced: Razi for balance in listed entities'''' boards

Securities and Exchange Commission of Pakistan (SECP) Chairman Raziur Rehman has said that the number of scrips eligible for funding under ''''Continuous Funding System'''' (CFS) would be reduced.

Published 31 May, 2007 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Number of companies under CFS to be reduced: Razi for balance in listed entities'' boards

Securities and Exchange Commission of Pakistan (SECP) Chairman Raziur Rehman has said that the number of scrips eligible for funding under ''Continuous Funding System'' (CFS) would be reduced.

Published 31 May, 2007 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Number of companies under CFS to be reduced: Razi for balance in listed entities' boards

Securities and Exchange Commission of Pakistan (SECP) Chairman Raziur Rehman has said that the number of scrips eligible for funding under 'Continuous Funding System' (CFS) would be reduced.

Published 31 May, 2007 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

Number of companies under CFS to be reduced: Razi for balance in listed entities' boards

Securities and Exchange Commission of Pakistan (SECP) Chairman Raziur Rehman has said that the number of scrips eligible for funding under 'Continuous Funding System' (CFS) would be reduced.

Published 31 May, 2007 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 30, 2007).

Published 31 May, 2007 12:00am

24 injured in Badshahi mosque stampede

Around two dozen people were injured while four of them seriously injured due to stampede at the outside of Badshahi mosque here on Wednesday evening. According to details, Imam-e-Kaaba Sheikh Abdur Rehman Al-Sudais led Maghrib prayers at Badshahi Mosque

Published 31 May, 2007 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.85
USD PKR Interbank Buying / Jan 1	278.65
USD to Japanese Yen / Jan 1	143.24
USD to Swiss Franc / Jan 1	0.85
Pound Sterling to USD / Jan 1	1.31
Euro to USD / Jan 1	1.10

Stock	Volume
S&P 500 / Jan 1	5,471.05
India Sensex / Jan 1	81,559.54
Tokyo Nikkei / Jan 1	36,321.80
Nasdaq / Jan 1	16,884.61
Hang Seng / Jan 1	17,237.56
FTSE 100 / Jan 1	8,270.84
Dow Jones / Jan 1	40,829.59
Germany DAX 30 / Jan 1	18,443.56

Item	Value
Petrol/Litre / Jan 1	259.10
Crude Oil USD/Barrel / Jan 1	68.57
Karachi Cotton PKR/37.32 KG / Jan 1	18,535
Gold 10 Grams PKR / Jan 1	223,251
Gold Spot USD/Ounce / Jan 1	2,503.54
Diesel/Litre / Jan 1	262.75

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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