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Print - 2008-02-23
THE RUPEE: dollar rises on money market

THE RUPEE: dollar rises on money market

Weak trend was again seen in the interbank market on Friday as the rupee was lower by five paisa against dollar for buying at 61.90 and it also shed two paisa for selling at 61.92 in process of strong dollar demand by the importers, dealers said.
Published 23 Feb, 2008 12:00am
Faysal Bank profit declines

Faysal Bank profit declines

The profit after tax of Faysal Bank Limited has declined to Rs 4.087 billion in the year ended December 31, 2007 as compared to Rs 4.727 billion earned in 2006. The earning per share of the bank stood at Rs 4.29 in the period under review against Rs 5.32
Published 23 Feb, 2008 12:00am
THE RUPEE: dollar rises on money market

THE RUPEE: dollar rises on money market

Weak trend was again seen in the interbank market on Friday as the rupee was lower by five paisa against dollar for buying at 61.90 and it also shed two paisa for selling at 61.92 in process of strong dollar demand by the importers, dealers said.
Published 23 Feb, 2008 12:00am
Askari Bank earns Rs 2.681 billion in 2007

Askari Bank earns Rs 2.681 billion in 2007

Askari Bank Limited has earned Rs 2.681 billion in the year ended December 31, 2007 as compared to Rs 2.249 billion earned in the corresponding period a year back. The earning per share of the bank increased to Rs 8.92 in 2007 against Rs 7.48 in the same
Published 23 Feb, 2008 12:00am
Askari Bank earns Rs 2.681 billion in 2007

Askari Bank earns Rs 2.681 billion in 2007

Askari Bank Limited has earned Rs 2.681 billion in the year ended December 31, 2007 as compared to Rs 2.249 billion earned in the corresponding period a year back. The earning per share of the bank increased to Rs 8.92 in 2007 against Rs 7.48 in the same
Published 23 Feb, 2008 12:00am
Attock Petroleum earns Rs 534.906 million

Attock Petroleum earns Rs 534.906 million

Attock Petroleum Limited (APL) has earned Rs 534.906 million in the half year period ended December 31, 2007 as compared to Rs 402.033 million in the corresponding period a year back.
Published 23 Feb, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (February 22,2008).

Published 23 Feb, 2008 12:00am
Attock Petroleum earns Rs 534.906 million

Attock Petroleum earns Rs 534.906 million

Attock Petroleum Limited (APL) has earned Rs 534.906 million in the half year period ended December 31, 2007 as compared to Rs 402.033 million in the corresponding period a year back.
Published 23 Feb, 2008 12:00am
Corporate Results: Indus Motors earns Rs 1,361.083 million profit

Corporate Results: Indus Motors earns Rs 1,361.083 million profit

Indus Motors Company Limited (IMCL) has earned Rs 1,361.083 million as profit after tax in the six month period ended December 31, 2007 as compared to Rs 1,278.092 million in the corresponding period in 2006. The company earning per share surged to Rs 17.
Published 23 Feb, 2008 12:00am
Corporate Results: Indus Motors earns Rs 1,361.083 million profit

Corporate Results: Indus Motors earns Rs 1,361.083 million profit

Indus Motors Company Limited (IMCL) has earned Rs 1,361.083 million as profit after tax in the six month period ended December 31, 2007 as compared to Rs 1,278.092 million in the corresponding period in 2006. The company earning per share surged to Rs 17.
Published 23 Feb, 2008 12:00am
HEC finalises new curricula for BS mathematics

HEC finalises new curricula for BS mathematics

Higher Education Commission (HEC) has finalised new curricula for BS mathematics and BS textile engineering (four-year programmes). In this regard, a special meeting of National Curriculum Revision Committee (NCRC) in mathematics was held at HEC Regional
Published 23 Feb, 2008 12:00am
Ahsan Iqbal asks Musharraf to quit

Ahsan Iqbal asks Musharraf to quit

Central Information Secretary of Pakistan Muslim League-Nawaz (PML-N) Ahsan Iqbal has asked President Pervez Musharraf to fulfil his promise and immediately resign from his post. In an interview with a private TV channel he said President Musharraf had al
Published 23 Feb, 2008 12:00am
UK and French envoys meet Nawaz

UK and French envoys meet Nawaz

The British High Commissioner, Robert Brinkley, and French Ambassador in Pakistan, Regisde Belenet, separately met Nawaz Sharif here at the Frontier House on Friday. Party sources said that the envoys exchanged views with him on the new political scenario
Published 23 Feb, 2008 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 23 Feb, 2008 12:00am
Three supporters killed, two injured in shooting: PPP

Three supporters killed, two injured in shooting: PPP

Three men were killed in a shooting here Friday, police said, with the party of slain Pakistani opposition leader Benazir Bhutto saying the victims were party supporters. "Three men were killed and two others were injured when some unidentified motorcycli
Published 23 Feb, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2008 12:00am
Zardari sees rich potential to develop Pak-India ties

Zardari sees rich potential to develop Pak-India ties

Pakistan People's Party (PPP) Co-chairperson Asif Ali Zardari said that there was great potential for Pakistan and India to further strengthen their socio-economic ties. In an interview with India Today's Managing Director Raj Chengappa, he said he saw gr
Published 23 Feb, 2008 12:00am
Board meetings in progress

Board meetings in progress

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

Published 23 Feb, 2008 12:00am
Halepota condemns Swat blast

Halepota condemns Swat blast

Caretaker Sindh Chief Minister former Justice Abdul Qadir Halepota has strongly condemned a bomb blast at a marriage party in Swat area. In a statement on Friday, he extended sympathies to the victim families and prayed to Almighty Allah to rest the depar
Published 23 Feb, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2008 12:00am
UK diplomats meet Nafees

UK diplomats meet Nafees

United Kingdom diplomats called on PPP leader Nafees Siddiqui on Friday and discussed matters relating to elections, restoration of democracy and strategy to woo like-minded smaller parties to participate in the main stream political activities.
Published 23 Feb, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Feb, 2008 12:00am
BankIslami not to acquire Sigma's shares

BankIslami not to acquire Sigma's shares

The negotiations for the acquisition of 99.95 percent shares of Sigma Leasing Corporation Limited between BankIslami Pakistan Limited and the owners of Sigma Leasing Corporation has not materialised, as both parties have mutually decided not to pursue the
Published 23 Feb, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (February 22,2008).

Published 23 Feb, 2008 12:00am
Shah Latif propagated message of peace and tranquillity: Ibad

Shah Latif propagated message of peace and tranquillity: Ibad

Sindh Governor Dr Ishrat-ul-Ibad Khan has said that Shah Abdul Latif Bhitai, through his teachings, taught humanity the lesson of love, morality, peace and security. In a message on the occasion of three-day Urs celebrations of great saint and sufi of Sin
Published 23 Feb, 2008 12:00am
New members of CPLC advisory board

New members of CPLC advisory board

Five new members have been included in the advisory board of the Citizen-Police Liaison Committee (CPLC) with the approval of the Sindh Governor.
Published 23 Feb, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Feb, 2008 12:00am
APHR's call to new legislators

APHR's call to new legislators

The Alliance for Protection of Human Rights (APHR) has demanded of the newly elected National and provincial legislators to take up women disenfranchisement in the recent polls and peace and security issues in the province on a priority basis.
Published 23 Feb, 2008 12:00am
Bogus votes can be exposed by high-tech: Nadra

Bogus votes can be exposed by high-tech: Nadra

Each and every bogus vote cast in the recent Pakistan Elections-2008 could be detected with the use of latest technology. Quoting the Nadra official private TV channel reported that organisation possessed the world's latest technology, which could help as
Published 23 Feb, 2008 12:00am
LTU yet to pay Rs 7.1 billion refunds

LTU yet to pay Rs 7.1 billion refunds

The Federal Board of Revenue's Large Taxpayers Unit (LTU) Karachi has yet to pay an amount of Rs 7.1 billion in terms of refunds to its registered taxpayer entities. However, the unit has already paid the refunds amounting Rs 5.704 billion to the direct t
Published 23 Feb, 2008 12:00am
Meeting with Aitzaz banned

Meeting with Aitzaz banned

Punjab government has again imposed a ban on the meetings with Aitzaz Ahsan and erected barricades outside his residence on Friday evening. The government has lifted some restrictions on Supreme Court Bar on February 20.
Published 23 Feb, 2008 12:00am
Flour smuggling bid foiled

Flour smuggling bid foiled

Frontier Corps seized 30,000 kilograms of flour loaded in two trucks which were being smuggled to Afghanistan here on Pak-Afghan border, an FC Colonel Agha Haseeb Haider at the border told APP. He said that FC have taken extra-security measures for impedi
Published 23 Feb, 2008 12:00am
Robert installed as president Ipra

Robert installed as president Ipra

The International Public Relations Association (Ipra) installed Robert W. Grupp as its President. Grupp brings 30 years of public relations experience to Ipra, with special expertise in international corporate communications. Ipra is an association of nea
Published 23 Feb, 2008 12:00am
AGM of PGBF held

AGM of PGBF held

The Pakistan German Business Forum (PGBF) held its AGM on 14 December 2007 at a local hotel and completed its new board for the term 2008-2009 after holding of the by-election for Associate Members on 12 February 2008.
Published 23 Feb, 2008 12:00am
PTCL's VSS to cost Rs 35 billion

PTCL's VSS to cost Rs 35 billion

Under the Voluntary Separation Scheme (VSS), Pakistan Telecommunication Company Limited (PTCL) has approved applications of some 28,423 employees and payment process is underway.
Published 23 Feb, 2008 12:00am
TCCL announces offer price of Rs 22.5 per share

TCCL announces offer price of Rs 22.5 per share

Thatta Cement Company Limited (TCCL) has announced to offer 10 million (12.53 percent) ordinary shares of Rs 10 each at an offer price of Rs 22.5 per share including a premium of Rs 12.5 per share by an existing shareholder.
Published 23 Feb, 2008 12:00am
City experiences heavy traffic jams

City experiences heavy traffic jams

The city experienced heavy traffic jams on Friday with traffic held up for one to one and a half hours at several points, reports UPP correspondent. The traffic police is working its best to clear the traffic jams in the city, but the rush of traffic in t
Published 23 Feb, 2008 12:00am
Soneri Bank calendar year profit increased to Rs one billion

Soneri Bank calendar year profit increased to Rs one billion

The profit after tax of Soneri Bank Limited has increased to Rs 1 billion in the year ended December 31, 2007 as compared to Rs 985.298 million in the corresponding period in 2006. The board of directors of the bank in its meeting held on Friday declared
Published 23 Feb, 2008 12:00am
Soneri Bank calendar year profit increased to Rs one billion

Soneri Bank calendar year profit increased to Rs one billion

The profit after tax of Soneri Bank Limited has increased to Rs 1 billion in the year ended December 31, 2007 as compared to Rs 985.298 million in the corresponding period in 2006. The board of directors of the bank in its meeting held on Friday declared
Published 23 Feb, 2008 12:00am
Decorators facing difficulties

Decorators facing difficulties

Decorators who supplied tents, rugs, chairs and tables for the election offices of candidates near the polling stations on polling day have been finding difficulties in collecting their bills from the losing candidates, reports UPP correspondent.
Published 23 Feb, 2008 12:00am
Two killed in separate incidents

Two killed in separate incidents

A navy man was killed and his wife seriously injured when an unidentified car hit a motorcycle at Saeedabad on Friday. Police said a speedy car hit the motorcycle of Asghar, 45 from back, killing him on the spot and leaving his wife Hussna, 40 critically
Published 23 Feb, 2008 12:00am
Dusty westerly winds cause hazy weather in city

Dusty westerly winds cause hazy weather in city

Dusty winds blew from the western parts of the country created haze in the city from early Friday morning, which caused severe breathing problems to people throughout day. The pressure gradient, which developed in Balochistan and upper Sindh, created dust
Published 23 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (February 22,2008).

Published 23 Feb, 2008 12:00am
Shehzad Naqvi made ABN Amro Country Executive

Shehzad Naqvi made ABN Amro Country Executive

ABN Amro is pleased to announce the appointment of Shehzad Naqvi as Country Executive in Pakistan, to further develop the bank's business and oversee day to day operations in the country, says a press release.
Published 23 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (February 22,2008).

Published 23 Feb, 2008 12:00am
Faculty of Natural Sciences gets new dean

Faculty of Natural Sciences gets new dean

The Governor Sindh who is Chancellor of the University of Sindh has appointed Professor Dr Ghulam Mustafa Seehar as new dean of the Faculty of Natural Sciences of the University of Sindh with an immediate effect and till his retirement from the University
Published 23 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (February 22,2008).

Published 23 Feb, 2008 12:00am
Exhibition of painter Samina held

Exhibition of painter Samina held

The French Cultural center held an exhibition of young painter Samina Javed here on Friday. Eminent painter Raja Changez Sultan, former Director General of Pakistan National Council of the Arts, inaugurated the exhibition.
Published 23 Feb, 2008 12:00am
Musharraf pledges to work with new parliament

Musharraf pledges to work with new parliament

President Pervez Musharraf vowed in a US newspaper opinion piece published on Friday that he would work with new parliament after opposition parties agreed to form a coalition government.
Published 23 Feb, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 22,2008).

Published 23 Feb, 2008 12:00am
PPP favours renaming of NWFP

PPP favours renaming of NWFP

Pakistan Peoples Party (PPP) will support any attempt to rename the North West Frontier Province (NWFP) as 'Pukhtoonkhwa', a key demand of Pushtoon nationalists over the decades. "We stand with those demanding renaming NWFP and will support them," PPP NWF
Published 23 Feb, 2008 12:00am
Sunni moot on March 9

Sunni moot on March 9

Jammat Ahle Sunnah Pakistan (JASP) would hold Pakistan Sunni Conference to highlight the problems being faced by the Ummah at this crucial time and to enhance efforts to unite Muslims. The conference would be held on March 9, at Liaquat Bagh to be attende
Published 23 Feb, 2008 12:00am
Oracle delivers strong CRM momentum in Asia Pacific

Oracle delivers strong CRM momentum in Asia Pacific

Oracle's Siebel CRM On Demand resellers and implementation partners across the Asia-Pacific region has grown significantly over the last 12 months, more than 48 partners have already signed with many more in the process of validation.
Published 23 Feb, 2008 12:00am
Assassination of Benazir: suspect's father denies his son's involvement

Assassination of Benazir: suspect's father denies his son's involvement

Father of a suspect arrested in connection with the assassination of Mohtarma Benazir Bhutto has said that his son is not involved in her assassination. Sher Zaman was arrested last month from Dera Ismail Khan after a 16-year suspect Aitzaz Shah told the
Published 23 Feb, 2008 12:00am
Facilitation centre inaugurated at CRO

Facilitation centre inaugurated at CRO

The Chairman, Securities and Exchange Commission of Pakistan (SECP) Raziur Rehman Khan on Friday inaugurated the Facilitation Centre at the Company Registration Office (CRO), Islamabad. According to a SECP announcement, this is the second such centre open
Published 23 Feb, 2008 12:00am
NAB stresses investigation on modern lines to address corruption

NAB stresses investigation on modern lines to address corruption

The Chairman National Accountability Bureau (NAB) Nawid Ahsan stressed the need for training on modern lines of investigation to effectively address intricate and complex nature of corruption, an official statement said on Friday.
Published 23 Feb, 2008 12:00am
Telephonic contact between Zardari and Altaf

Telephonic contact between Zardari and Altaf

Co-chairman Pakistan People's Party (PPP), Asif Ali Zardari and Chief of Muttahida Qaumi Movement (MQM), Altaf Hussain have agreed to co-operate with one another unconditionally, Aaj TV reported. The agreement came about during a telephonic contact
Published 23 Feb, 2008 12:00am
Telephonic contact between Zardari and Altaf

Telephonic contact between Zardari and Altaf

Co-chairman Pakistan People's Party (PPP), Asif Ali Zardari and Chief of Muttahida Qaumi Movement (MQM), Altaf Hussain have agreed to co-operate with one another unconditionally, Aaj TV reported. The agreement came about during a telephonic contact
Published 23 Feb, 2008 12:00am
Blackout of Aaj TV's Bolta Pakistan

Blackout of Aaj TV's Bolta Pakistan

The transmissions of Aaj TV channel on Friday night were suspended throughout the country when its' Bolta Pakistan programme was on air.
Published 23 Feb, 2008 12:00am