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Print - 2008-01-05
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
Korangi fire station upgraded

Korangi fire station upgraded

DuPont Pakistan Operations (Pvt) Ltd has recently upgraded the Korangi fire station to help fire-fighters save themselves and the lives of citizens. Under this community programme, DuPont contributed DuPontTM Nomex (R) protective gears and fire-fighting c
Published 05 Jan, 2008 12:00am
Bilal elected PRGMEA's chairman

Bilal elected PRGMEA's chairman

The leading exporter Bilal Mulla of Mulla International has been elected unopposed Chairman of Pakistan's Readymade Garments Manufacturers & Exporters Association (PRGMEA) for 2008.
Published 05 Jan, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Jan, 2008 12:00am
Akzo Nobel acquires ICI

Akzo Nobel acquires ICI

The board of directors of ICI Pakistan Limited, in a communication sent to the Karachi Stock Exchange (KSE), have announced the completion of modalities for the acquisition of ICI Plc UK, parent company of ICI Omicron BV, by Akzo Nobel NV.
Published 05 Jan, 2008 12:00am
Wheat flour a rare commodity in Lahore

Wheat flour a rare commodity in Lahore

The wheat flour shortage has pinched the city's public since neither the 20- kilogramme flour bags nor the unpacked flour is available. Shopkeepers are reported selling wheat flour for Rs 22 per kilogramme while the Chakki flour prices are touching Rs 25
Published 05 Jan, 2008 12:00am
Five killed in clash near Qila Abdullah

Five killed in clash near Qila Abdullah

At least five people were killed and several others seriously hurt in a clash between two tribes in Gulistan, Qila Abdullah on Friday, police said. Syed Hanif Agha a tribal veteran along with his other relatives was on his way home when the opposite group
Published 05 Jan, 2008 12:00am
Minfal preparing action plan for trade and investment

Minfal preparing action plan for trade and investment

Saleem Khan, Additional Secretary, Ministry of Food, Agriculture and Livestock (Minfal) said Friday that horizontal negotiations are likely to start on WTO on February 8 and this is right time to discuss Pakistan's position and get input from the key stak
Published 05 Jan, 2008 12:00am
Homage paid to Benazir

Homage paid to Benazir

A Pakistan People's Party (PPP) candidate has claimed that his party believes in public service, promotion of democracy and the country's solidarity.
Published 05 Jan, 2008 12:00am
India resumes Thar Express service

India resumes Thar Express service

India resumed service of Thar express to Pakistan on Friday following confirmation by Pakistan Railways in this regard. A statement of Ministry of External Affairs issued here said the Jodhpur-Munabao-Jodhpur Link Express and Munabao-Zero Point-Munabao Th
Published 05 Jan, 2008 12:00am
Nuclear assets symbol of country's sovereignty: Rashid

Nuclear assets symbol of country's sovereignty: Rashid

"The United States of America is looking for a "get-through" into Pakistan's nuclear assets and it has nothing to do with any particular politician no matter whether it is President Pervez Musharraf or Nawaz Sharif". The former Federal Minister, and PML c
Published 05 Jan, 2008 12:00am
PPP reiterates demand for UN probe

PPP reiterates demand for UN probe

Pakistan People's Party (PPP) on Friday reiterated its demand for only UN probe in the Benazir Bhutto assassination case, rejecting President Musharraf's assertion that the government was hiding nothing about the "unfortunate incident".
Published 05 Jan, 2008 12:00am
Inauguration of JTFD postponed

Inauguration of JTFD postponed

The Regional Tax Office (RTO) Karachi has put the inauguration of the Joint Tax Facilitation Division (JTFD) for Income and Sales Taxes on hold for a month or more.
Published 05 Jan, 2008 12:00am
PGF, PIF registrar named

PGF, PIF registrar named

Picic Asset Management Company Limited will act as the registrar of Picic Growth Fund (PGF) and Picic Investment Fund (PIF) with effect from January 1, replacing Pakistan Industrial Credit & Investment Corporation Limited (Picic) following merger of Picic
Published 05 Jan, 2008 12:00am
PGF, PIF registrar named

PGF, PIF registrar named

Picic Asset Management Company Limited will act as the registrar of Picic Growth Fund (PGF) and Picic Investment Fund (PIF) with effect from January 1, replacing Pakistan Industrial Credit & Investment Corporation Limited (Picic) following merger of Picic
Published 05 Jan, 2008 12:00am
The assassination of Benazir: former FPCCI chief demands compensations

The assassination of Benazir: former FPCCI chief demands compensations

Leader of business community and former president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) S.M. Munir has urged the Governor Sindh, Dr Ishratul Ibad Khan to arrange business community meeting with President of Pakistan Pervez Mu
Published 05 Jan, 2008 12:00am
2000 to 2007: cellular industry posts robust growth of 119 percent

2000 to 2007: cellular industry posts robust growth of 119 percent

The country's cellular industry has posted a robust growth of 119 percent in terms of subscription during the last seven years from 2000 to 2007, said Mohammed Ali, an economist at the Investment Capital and Securities (Pvt) Ltd on Friday.
Published 05 Jan, 2008 12:00am
Frost attack on sugarcane crops

Frost attack on sugarcane crops

The Pakistan Sugar Mills Association (PSMA) spokesman has warned that the recent frost attack on cane crops has reduced sugar contents in the sugarcane.
Published 05 Jan, 2008 12:00am
Gas supply to 240 NWFP industrial units suspended

Gas supply to 240 NWFP industrial units suspended

The number of industrial units closed due to suspension of supply of gas by Sui Northern Gas Pipeline Limited in NWFP during last four-days risen to 240 on Friday, inflicting heavy losses on both business community and the exchequer.
Published 05 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
Gas supply to 240 NWFP industrial units suspended

Gas supply to 240 NWFP industrial units suspended

The number of industrial units closed due to suspension of supply of gas by Sui Northern Gas Pipeline Limited in NWFP during last four-days risen to 240 on Friday, inflicting heavy losses on both business community and the exchequer.
Published 05 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
Gas supply to 240 NWFP industrial units suspended

Gas supply to 240 NWFP industrial units suspended

The number of industrial units closed due to suspension of supply of gas by Sui Northern Gas Pipeline Limited in NWFP during last four-days risen to 240 on Friday, inflicting heavy losses on both business community and the exchequer.
Published 05 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
Power protesters block Pak-Afghan highway

Power protesters block Pak-Afghan highway

The protesters blocked Pak-Afghan Highway for every kind of traffic as protest against the load shedding in the Khyber Agency. They kept the road blocked for more than two hours. They were chanting anti Wapda and administration slogans for keeping the are
Published 05 Jan, 2008 12:00am
Power protesters block Pak-Afghan highway

Power protesters block Pak-Afghan highway

The protesters blocked Pak-Afghan Highway for every kind of traffic as protest against the load shedding in the Khyber Agency. They kept the road blocked for more than two hours. They were chanting anti Wapda and administration slogans for keeping the are
Published 05 Jan, 2008 12:00am
Government paying Rs 14 billion monthly subsidy on oil: Salman

Government paying Rs 14 billion monthly subsidy on oil: Salman

The government has been paying Rs 14 billion per month as subsidy to keep the oil prices at the present level to provide solace to poor, Finance Minister Dr Salman Shah said on Friday. Talking to a private TV channel he said that global oil prices have in
Published 05 Jan, 2008 12:00am
Government paying Rs 14 billion monthly subsidy on oil: Salman

Government paying Rs 14 billion monthly subsidy on oil: Salman

The government has been paying Rs 14 billion per month as subsidy to keep the oil prices at the present level to provide solace to poor, Finance Minister Dr Salman Shah said on Friday. Talking to a private TV channel he said that global oil prices have in
Published 05 Jan, 2008 12:00am
Government paying Rs 14 billion monthly subsidy on oil: Salman

Government paying Rs 14 billion monthly subsidy on oil: Salman

The government has been paying Rs 14 billion per month as subsidy to keep the oil prices at the present level to provide solace to poor, Finance Minister Dr Salman Shah said on Friday. Talking to a private TV channel he said that global oil prices have in
Published 05 Jan, 2008 12:00am
PTA terminates Instaphone licence

PTA terminates Instaphone licence

Pakistan Telecommunication Authority has, with immediate effect, terminated the licence of M/s Pakcom (Instaphone) on account of company''s failure to pay its outstanding dues. The payable amount would be recovered under Section 30 of the Pakistan Telecom
Published 05 Jan, 2008 12:00am
PTA terminates Instaphone licence

PTA terminates Instaphone licence

Pakistan Telecommunication Authority has, with immediate effect, terminated the licence of M/s Pakcom (Instaphone) on account of company's failure to pay its outstanding dues. The payable amount would be recovered under Section 30 of the Pakistan Telecomm
Published 05 Jan, 2008 12:00am
PTA terminates Instaphone licence

PTA terminates Instaphone licence

Pakistan Telecommunication Authority has, with immediate effect, terminated the licence of M/s Pakcom (Instaphone) on account of company's failure to pay its outstanding dues. The payable amount would be recovered under Section 30 of the Pakistan Telecomm
Published 05 Jan, 2008 12:00am
Gold price stays at Rs 16,885 per 10 grams

Gold price stays at Rs 16,885 per 10 grams

Despite a minor decline in the international gold price, the local market on Friday stayed at the record peak level of Rs 16,885 per 10 grams, said the traders. They said that the international price of gold on Friday downed by 2.1 dollars an ounce, the p
Published 05 Jan, 2008 12:00am
Mansha Group''s two power projects achieve financial close

Mansha Group''s two power projects achieve financial close

Financial closure has been achieved by the two power projects by Mansha Group, namely Nishat Power Project and Nishat Chunnian Power Project, of 200 MW capacity each. Earlier, the company signed Implementation Agreements (IA) and Power Purchase Agreements
Published 05 Jan, 2008 12:00am
Mansha Group's two power projects achieve financial close

Mansha Group's two power projects achieve financial close

Financial closure has been achieved by the two power projects by Mansha Group, namely Nishat Power Project and Nishat Chunnian Power Project, of 200 MW capacity each. Earlier, the company signed Implementation Agreements (IA) and Power Purchase Agreements
Published 05 Jan, 2008 12:00am
Mansha Group's two power projects achieve financial close

Mansha Group's two power projects achieve financial close

Financial closure has been achieved by the two power projects by Mansha Group, namely Nishat Power Project and Nishat Chunnian Power Project, of 200 MW capacity each. Earlier, the company signed Implementation Agreements (IA) and Power Purchase Agreements
Published 05 Jan, 2008 12:00am
Crisis Group criticised for meddling

Crisis Group criticised for meddling

The government slammed a Brussels-based think-tank on Friday for meddling "in the country's democratic process" after it issued a report saying President Pervez Musharraf should quit for the sake of stability.
Published 05 Jan, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
Crisis Group criticised for meddling

Crisis Group criticised for meddling

The government slammed a Brussels-based think-tank on Friday for meddling "in the country's democratic process" after it issued a report saying President Pervez Musharraf should quit for the sake of stability.
Published 05 Jan, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 04, 2008).
Published 05 Jan, 2008 12:00am
Hyundai Motor to build car factory in Brazil: official

Hyundai Motor to build car factory in Brazil: official

South Korea's top carmaker Hyundai Motor will establish a car factory in Brazil this year as part of plans to expand overseas production, company vice chairman Kim Dong-Jin said Friday. He said the company was looking for a site to build the factory with
Published 05 Jan, 2008 12:00am
High oil price impact cannot be ignored: Japan Prime Minister

High oil price impact cannot be ignored: Japan Prime Minister

Japanese Prime Minister Yasuo Fukuda said on Friday the impact of high oil prices could not be ignored and the government would continue doing its best to ease the pain from high energy costs. "Oil prices have finally risen above $100 (a barrel). I think
Published 05 Jan, 2008 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 Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
US 'still waiting' for North Korea nuclear report

US 'still waiting' for North Korea nuclear report

North Korea has not provided a full account of its nuclear program despite Pyongyang's statement asserting it already made a declaration required under a disarmament deal, US officials said on Friday.
Published 05 Jan, 2008 12:00am
ISE index gains 70.02 points

ISE index gains 70.02 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday and equities witnessed broad-based recovery under the lead of hot favourites amid rise in index. ISE-10 Index showed an improvement of 70.02 points as the ISE index moved from
Published 05 Jan, 2008 12:00am
ISE index gains 70.02 points

ISE index gains 70.02 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday and equities witnessed broad-based recovery under the lead of hot favourites amid rise in index. ISE-10 Index showed an improvement of 70.02 points as the ISE index moved from
Published 05 Jan, 2008 12:00am
Bulls maintain grip on LSE

Bulls maintain grip on LSE

Bulls' onslaught continued for the second day on Friday on the Lahore Stock Exchange (LSE) with the index gaining 120.91 points, or 2.73 percent, amid improved turnover. The LSE-25 Index rose to 4,545.71 points from Thursday's 4,424.80 points.
Published 05 Jan, 2008 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 Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
Bulls maintain grip on LSE

Bulls maintain grip on LSE

Bulls' onslaught continued for the second day on Friday on the Lahore Stock Exchange (LSE) with the index gaining 120.91 points, or 2.73 percent, amid improved turnover. The LSE-25 Index rose to 4,545.71 points from Thursday's 4,424.80 points.
Published 05 Jan, 2008 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 Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
72 percent DAP price hike to badly hurt poor farmers

72 percent DAP price hike to badly hurt poor farmers

The poor farmers, already feeling the pinch of dry weather, will be hit hard by the 72 percent increase in DAP prices this year as compared to corresponding period of last year, sources told Business Recorder here on Friday. The DAP price in the lo
Published 05 Jan, 2008 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 Friday (January 04, 2008).

Published 05 Jan, 2008 12:00am
72 percent DAP price hike to badly hurt poor farmers

72 percent DAP price hike to badly hurt poor farmers

The poor farmers, already feeling the pinch of dry weather, will be hit hard by the 72 percent increase in DAP prices this year as compared to corresponding period of last year, sources told Business Recorder here on Friday. The DAP price in the lo
Published 05 Jan, 2008 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 05 Jan, 2008 12:00am
72 percent DAP price hike to badly hurt poor farmers

72 percent DAP price hike to badly hurt poor farmers

The poor farmers, already feeling the pinch of dry weather, will be hit hard by the 72 percent increase in DAP prices this year as compared to corresponding period of last year, sources told Business Recorder here on Friday. The DAP price in the lo
Published 05 Jan, 2008 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 05 Jan, 2008 12:00am
14 Punjab firms got sales tax refunds on fake documents

14 Punjab firms got sales tax refunds on fake documents

The investigation jointly conducted by the Directorate General Intelligence and Investigation, Customs and Excise and FBR Sales Tax Department confirmed that 14 companies from Punjab had claimed sales tax refunds on fake invoices/documents.
Published 05 Jan, 2008 12:00am