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Print - 2007-10-24
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Oct, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 153,100 tonnes cargo including 138,762 tonnes import, 14,338 tonnes export cargo and 2,738 containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday.
Published 24 Oct, 2007 12:00am
Whirlpool profit rises

Whirlpool profit rises

Whirlpool Corp, the world's largest appliance maker, reported a 50 percent rise in third-quarter profit on Tuesday as international demand and cost savings from the Maytag buyout helped offset lower US sales.
Published 24 Oct, 2007 12:00am
FOB Gulf corn firms

FOB Gulf corn firms

US FOB Gulf corn basis offers rose on Monday supported by tight loading capacity, while soyabean offers weakened amid harvest pressure, traders said. Hard and soft wheat export premiums were supported by news that Russia could raise its export tax on the
Published 24 Oct, 2007 12:00am
Whirlpool profit rises

Whirlpool profit rises

Whirlpool Corp, the world's largest appliance maker, reported a 50 percent rise in third-quarter profit on Tuesday as international demand and cost savings from the Maytag buyout helped offset lower US sales.
Published 24 Oct, 2007 12:00am
ISE index down 24.41 points

ISE index down 24.41 points

Equities witnessed across the board losses at Islamabad Stock Exchange (ISE) on Tuesday where fresh bearish assault moved the entire ready board in downward direction amid decrease in index. ISE-10 Index showed a decrease of 24.41 points from 3,145.38 to
Published 24 Oct, 2007 12:00am
ISE index down 24.41 points

ISE index down 24.41 points

Equities witnessed across the board losses at Islamabad Stock Exchange (ISE) on Tuesday where fresh bearish assault moved the entire ready board in downward direction amid decrease in index. ISE-10 Index showed a decrease of 24.41 points from 3,145.38 to
Published 24 Oct, 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 24 Oct, 2007 12:00am
Asia helps Prudential top sales forecasts, UK lags

Asia helps Prudential top sales forecasts, UK lags

UK insurer Prudential topped forecasts on Tuesday with a 10 percent rise in nine-month sales, as growth in Asia, driven by India and Taiwan, offset the impact of a weak dollar and a shrinking business at home.
Published 24 Oct, 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 24 Oct, 2007 12:00am
Asia helps Prudential top sales forecasts, UK lags

Asia helps Prudential top sales forecasts, UK lags

UK insurer Prudential topped forecasts on Tuesday with a 10 percent rise in nine-month sales, as growth in Asia, driven by India and Taiwan, offset the impact of a weak dollar and a shrinking business at home.
Published 24 Oct, 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 Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
BHP copper output up 23 percent, iron ore at record

BHP copper output up 23 percent, iron ore at record

BHP Billiton Ltd/Plc, the world's biggest miner, churned out as much copper, iron ore and coal as it could in the first quarter to keep up with surging China-driven demand, but failed to impress investors.
Published 24 Oct, 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 Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
BHP copper output up 23 percent, iron ore at record

BHP copper output up 23 percent, iron ore at record

BHP Billiton Ltd/Plc, the world's biggest miner, churned out as much copper, iron ore and coal as it could in the first quarter to keep up with surging China-driven demand, but failed to impress investors.
Published 24 Oct, 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 Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Eurozone third quarter manufacturing seen strong

Eurozone third quarter manufacturing seen strong

The eurozone's manufacturing sector is likely to have had a strong third quarter, data suggested on Tuesday, but the strong euro, expensive oil and tighter credit pose risks to growth in the fourth quarter.
Published 24 Oct, 2007 12:00am
US Stocks: Tuesday's midday trade

US Stocks: Tuesday's midday trade

The Nasdaq rose on Tuesday after strong profit at Apple Inc. eased worries about consumer spending, while Wal-Mart Stores Inc.'s plan to scale back expansion limited gains in the broad market.
Published 24 Oct, 2007 12:00am
NWFP interim cabinet to take oath today

NWFP interim cabinet to take oath today

A four-member caretaker cabinet of NWFP government is going to take oath of their offices here on Wednesday. Governor NWFP Lieutenant General (Retd) Ali Mohammad Jan Aurakzai will administered oath to them. The four ministers of the caretaker cabinet of t
Published 24 Oct, 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 Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
NWFP interim cabinet to take oath today

NWFP interim cabinet to take oath today

A four-member caretaker cabinet of NWFP government is going to take oath of their offices here on Wednesday. Governor NWFP Lieutenant General (Retd) Ali Mohammad Jan Aurakzai will administered oath to them. The four ministers of the caretaker cabinet of t
Published 24 Oct, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 23, 2007).
Published 24 Oct, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Karachi hit by worst power crisis

Karachi hit by worst power crisis

The city on Tuesday was once again hit by one of the worst power crises due to technical faults in Bin Qasim power plant for last two days. The Karachi Electric Supply Corporation (KESC) failed to remove these faults causing severe electricity shortage pr
Published 24 Oct, 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 Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Karachi hit by worst power crisis

Karachi hit by worst power crisis

The city on Tuesday was once again hit by one of the worst power crises due to technical faults in Bin Qasim power plant for last two days. The Karachi Electric Supply Corporation (KESC) failed to remove these faults causing severe electricity shortage pr
Published 24 Oct, 2007 12:00am
Time running out for India nuclear deal: US official

Time running out for India nuclear deal: US official

Time is running out for a landmark nuclear deal between India and the United States that has been stalled by opposition from four leftist parties in India, a top US State Department official said on Tuesday.
Published 24 Oct, 2007 12:00am
Time running out for India nuclear deal: US official

Time running out for India nuclear deal: US official

Time is running out for a landmark nuclear deal between India and the United States that has been stalled by opposition from four leftist parties in India, a top US State Department official said on Tuesday.
Published 24 Oct, 2007 12:00am
US military mobilises aircraft, helicopters to fight fires

US military mobilises aircraft, helicopters to fight fires

The US military is mobilising firefighting aircraft and helicopters to help contain wind-driven wildfires threatening southern California, a Pentagon spokesman said Tuesday. Some 550 active duty marines at Camp Pendleton, California also have been made av
Published 24 Oct, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Five ISE members elected directors unopposed

Five ISE members elected directors unopposed

The Islamabad Stock Exchange (ISE) on Tuesday elected unopposed five new member directors for the year 2007-2008. The new board of directors comprises Sh. Muhammad Shabbir, Rafaqat Ali Chaudhry, Zahid Latif Khan, Riaz Ahmed and Syed Noor Adnan.
Published 24 Oct, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Five ISE members elected directors unopposed

Five ISE members elected directors unopposed

The Islamabad Stock Exchange (ISE) on Tuesday elected unopposed five new member directors for the year 2007-2008. The new board of directors comprises Sh. Muhammad Shabbir, Rafaqat Ali Chaudhry, Zahid Latif Khan, Riaz Ahmed and Syed Noor Adnan.
Published 24 Oct, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (October 23, 2007).

Published 24 Oct, 2007 12:00am
Five ISE members elected directors unopposed

Five ISE members elected directors unopposed

The Islamabad Stock Exchange (ISE) on Tuesday elected unopposed five new member directors for the year 2007-2008. The new board of directors comprises Sh. Muhammad Shabbir, Rafaqat Ali Chaudhry, Zahid Latif Khan, Riaz Ahmed and Syed Noor Adnan.
Published 24 Oct, 2007 12:00am
225 megawatts project implementation agreement signed

225 megawatts project implementation agreement signed

The Implementation Agreement for 225 MW Bhikki power project by Halmore Power Generation Company was signed on Tuesday at the Private Power and Infrastructure Board (PPIB). Muhammad Yousuf Memon, Managing Director, PPIB, signed the agreement on behalf of
Published 24 Oct, 2007 12:00am
225 megawatts project implementation agreement signed

225 megawatts project implementation agreement signed

The Implementation Agreement for 225 MW Bhikki power project by Halmore Power Generation Company was signed on Tuesday at the Private Power and Infrastructure Board (PPIB). Muhammad Yousuf Memon, Managing Director, PPIB, signed the agreement on behalf of
Published 24 Oct, 2007 12:00am
225 megawatts project implementation agreement signed

225 megawatts project implementation agreement signed

The Implementation Agreement for 225 MW Bhikki power project by Halmore Power Generation Company was signed on Tuesday at the Private Power and Infrastructure Board (PPIB). Muhammad Yousuf Memon, Managing Director, PPIB, signed the agreement on behalf of
Published 24 Oct, 2007 12:00am
'FBR tariff structure not helping micro industrial sector'

'FBR tariff structure not helping micro industrial sector'

Muhammad Hamid Sultan, Director, Micro Industries Development Resource Centre said that FBR tariff structure is not helping micro industrial sector to grow smoothly due to low awareness levels, complexity of procedures, cumbersome trade procedures, and no
Published 24 Oct, 2007 12:00am
Attock Cement's profit falls to Rs 88.048 million

Attock Cement's profit falls to Rs 88.048 million

The profit after tax of Attock Cement Pakistan Limited has declined to Rs 88.048 million in the first quarter ended on September 30 as compared to Rs 318.308 million earned in the corresponding period last year. The earning per share of the company stood
Published 24 Oct, 2007 12:00am
Attock Cement's profit falls to Rs 88.048 million

Attock Cement's profit falls to Rs 88.048 million

The profit after tax of Attock Cement Pakistan Limited has declined to Rs 88.048 million in the first quarter ended on September 30 as compared to Rs 318.308 million earned in the corresponding period last year. The earning per share of the company stood
Published 24 Oct, 2007 12:00am
Attock Cement''s profit falls to Rs 88.048 million

Attock Cement''s profit falls to Rs 88.048 million

The profit after tax of Attock Cement Pakistan Limited has declined to Rs 88.048 million in the first quarter ended on September 30 as compared to Rs 318.308 million earned in the corresponding period last year. The earning per share of the company stood
Published 24 Oct, 2007 12:00am
Attock Cement''''s profit falls to Rs 88.048 million

Attock Cement''''s profit falls to Rs 88.048 million

The profit after tax of Attock Cement Pakistan Limited has declined to Rs 88.048 million in the first quarter ended on September 30 as compared to Rs 318.308 million earned in the corresponding period last year. The earning per share of the company stood
Published 24 Oct, 2007 12:00am
Delay in cargo clearance: FBR suspends customs deputy collector

Delay in cargo clearance: FBR suspends customs deputy collector

In a major move to check extraordinary delay in clearance of imported consignments under Pakistan Customs Computerised System (PACCS), the Federal Board of Revenue (FBR) has suspended a Deputy Collector at Karachi and transferred and posted several custom
Published 24 Oct, 2007 12:00am
Delay in cargo clearance: FBR suspends customs deputy collector

Delay in cargo clearance: FBR suspends customs deputy collector

In a major move to check extraordinary delay in clearance of imported consignments under Pakistan Customs Computerised System (PACCS), the Federal Board of Revenue (FBR) has suspended a Deputy Collector at Karachi and transferred and posted several custom
Published 24 Oct, 2007 12:00am
Delay in cargo clearance: FBR suspends customs deputy collector

Delay in cargo clearance: FBR suspends customs deputy collector

In a major move to check extraordinary delay in clearance of imported consignments under Pakistan Customs Computerised System (PACCS), the Federal Board of Revenue (FBR) has suspended a Deputy Collector at Karachi and transferred and posted several custom
Published 24 Oct, 2007 12:00am
Power generation drastically reduced

Power generation drastically reduced

Owing to the restricted water releases from the Tarbela and Mangla reservoirs, the capacity of power generation supplying to the NTDC system has been reduced drastically, allowing the Mangla and Tarbela hydro stations capable of generating up to a maximum
Published 24 Oct, 2007 12:00am
NACP launches 'Partner Against Aids' campaign

NACP launches 'Partner Against Aids' campaign

The National AIDS Control Programme (NACP), Ministry of Health has launched 'Partner Against AIDS' campaign by adopting a multisectoral approach to combat HIV and AIDS in Pakistan. In connection of the campaign the NACP has involved Islamabad Traffic Poli
Published 24 Oct, 2007 12:00am
Seminar on organ transplantation tomorrow

Seminar on organ transplantation tomorrow

The Sindh Institute of Urology & Transplantation (SIUT) is organising a seminar on "International Collaboration in Transplantation: Curbing Commercialism and Increasing Transplantation Activity" here on Thursday.
Published 24 Oct, 2007 12:00am
President to meet top brass of ruling coalition on October 25

President to meet top brass of ruling coalition on October 25

President Pervez Musharraf will meet the top brass of ruling coalition tomorrow (Thursday) to take them into confidence over current political situation, first time since the homecoming of PPP chairperson Benazir Bhutto.
Published 24 Oct, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Oct, 2007 12:00am
Kapco profit increases to Rs 88.048 million

Kapco profit increases to Rs 88.048 million

The profit after tax of Kot Addu Power Company Limited (Kapco) has increased to Rs 88.048 million in the quarter ended on September 30 as compared to Rs 1,118.992 million earned in the corresponding period last year. The company's earning per share surged
Published 24 Oct, 2007 12:00am
Kapco profit increases to Rs 88.048 million

Kapco profit increases to Rs 88.048 million

The profit after tax of Kot Addu Power Company Limited (Kapco) has increased to Rs 88.048 million in the quarter ended on September 30 as compared to Rs 1,118.992 million earned in the corresponding period last year. The company's earning per share surged
Published 24 Oct, 2007 12:00am
Askari MasterCard joins hands with HBFC

Askari MasterCard joins hands with HBFC

Askari MasterCard joined hands with HBFC for a strategic alliance. The signing ceremony was held in Karachi on Tuesday. Agha Ali Imam, SEVP-Group Head CBSG, Askari Bank Ltd, Zaigham Mahmood Rizvi, Chairman and Chief Executive, HBFC, signed an agreement.
Published 24 Oct, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 10, 2007).

Published 24 Oct, 2007 12:00am
Businessmen role in promoting soft image of Pakistan lauded

Businessmen role in promoting soft image of Pakistan lauded

Business community has a great role in promoting Pakistan's soft image internationally and improving the global market share pertaining to export of goods and services, said Tasneem Aslam, Pakistani ambassador designate to Italy here on Tuesday.
Published 24 Oct, 2007 12:00am
Punjab Ombudsman provides relief to 330 petitioners

Punjab Ombudsman provides relief to 330 petitioners

Provincial Ombudsman Abdur Rashid Khan has provided relief to 330 petitioners through the regional office Multan during September. This was stated by Advisor to provincial Ombudsman Syed Bahadar Shah while talking to APP.
Published 24 Oct, 2007 12:00am
No wheat flour shortage in Vehari

No wheat flour shortage in Vehari

There is no shortage of wheat flour anywhere in the district, said district food controller (DFC) Abdul Hafeez Khan on Tuesday. Talking to APP, he said that wheat was being supplied to flourmills in ample quantity and there was no scarcity of this staple
Published 24 Oct, 2007 12:00am
FPCCI shows concern over abrupt increase in cotton prices

FPCCI shows concern over abrupt increase in cotton prices

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown serious concern over the abrupt increase in cotton prices. The cottonseed prices have increased by Rs 100 per 40 kg in the country during the last four days.
Published 24 Oct, 2007 12:00am
'17th amendment has changed structure of 1973 constitution'

'17th amendment has changed structure of 1973 constitution'

The 17th amendment changed the structure of the 1973 constitution since it was an agreement to share power. This was observed by head of the 11-member Supreme Court bench Justice Javed Iqbal during hearing of the petitions against candidacy of General Mus
Published 24 Oct, 2007 12:00am
Hearing in references against Benazir and Asif Zardari adjourned

Hearing in references against Benazir and Asif Zardari adjourned

The Accountability Courts have adjourned hearing in seven different references against Benazir Bhutto and Asif Zardari and former FIA Director General Rehman Malik to October 31 on receiving stay orders from Supreme Court on issuance of National Reconcili
Published 24 Oct, 2007 12:00am
PPP leaders acquitted

PPP leaders acquitted

Three PPP leaders acquitted by the special Judge Anti Corruption, Multan, Kazim Ali Malik because the prosecution witnesses withdrew their evidence and categorically stated that they were not aware of the incident.
Published 24 Oct, 2007 12:00am
Six sisters pay price of owner-tenant clash

Six sisters pay price of owner-tenant clash

Six sisters were brutally burnt by the owner of the home in Azizabad, Bahawalpur on Monday when their father refused to vacate home. According to details the owner of the rented home Dr Muhammad Aslam had been demanding tenant Ghulam Abbas since long to v
Published 24 Oct, 2007 12:00am