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Print - 2005-02-08
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2005 12:00am
'Meaningful decision on Balochistan issue in the offing'

'Meaningful decision on Balochistan issue in the offing'

Senate Chairman Muhammadmian Soomro on Monday hinted that a "meaningful decision" was in the offing to resolve the Balochistan issue. "Parliamentary Committee on Balochistan headed by Chaudhry Shujaat Hussain is already working on it actively and preparin
Published 08 Feb, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 08 Feb, 2005 12:00am
Government urged to set up SME Promotion Bureau

Government urged to set up SME Promotion Bureau

The Union of Small and Medium Enterprises (Unisame) has urged the government to set up Small and Medium Enterprises (SMEs) Promotion Bureau for fast growth of SMEs in the country. In a statement here on Monday, the Unisame President Zulfikar Thaver said t
Published 08 Feb, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
Musharraf's message on Kashmir Day hailed

Musharraf's message on Kashmir Day hailed

People from all walks of life have welcomed the Kashmir Solidarity Day message of Pakistan President General Pervez Musharraf, describing it the true reflector of sincere, strong and unequivocal Kashmir policy of the present government. Hailing the statem
Published 08 Feb, 2005 12:00am
President ignores parliament, cabinet in decision-making: Baloch

President ignores parliament, cabinet in decision-making: Baloch

The parliament, federal Cabinet, and allied parties are being bypassed by President General Pervez Musharraf and all decision are being taken at the Corps Commanders level which caused external threats, internal unrest, and geographical errors, said MMA D
Published 08 Feb, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Feb, 2005 12:00am
Musharraf optimistic about enhanced Chinese co-operation

Musharraf optimistic about enhanced Chinese co-operation

President Pervez Musharraf has said Pakistan and China's co-operation in regional and international affairs will keep growing for their mutual benefit and to meet the common aspirations of their people. "Despite changes at the regional and global levels,
Published 08 Feb, 2005 12:00am
Five killed in car-van collision

Five killed in car-van collision

At least five persons were killed and another 15 injured in head on collision between a car and a passenger van at the intersection of Sunn town on Indus Highway on Monday morning. The car was coming from Hyderabad and bound for Dadu. All the inmates of c
Published 08 Feb, 2005 12:00am
Khar for accepting Balochistan demands

Khar for accepting Balochistan demands

Former Punjab governor Malik Ghulam Mustafa Khar said that all demands of Baloch regarding provincial autonomy, royalty are just, and these must be accepted without any further delay, adding it is need of the country's integrity and security that purposef
Published 08 Feb, 2005 12:00am
'Parliament's role vital for building national consensus'

'Parliament's role vital for building national consensus'

National Assembly Acting Speaker Sardar Muhammad Yaqoob on Monday said the role of parliament was vital in terms of evolving national consensus and linkages between civil society, political parties and the communities. Addressing the inaugural session of
Published 08 Feb, 2005 12:00am
China for religious harmony in social progress

China for religious harmony in social progress

In China, the leader of the country's top advisory body said ethnic and religious harmony was imperative in safeguarding peaceful social development. The National Committee of the Chinese People's Political Consultative Conference (NCCPPCC) Chairman Jia Q
Published 08 Feb, 2005 12:00am
Former HBFC chairman's revision plea adjourned

Former HBFC chairman's revision plea adjourned

The hearing of a criminal revision application filed by former Chairman and Managing Director House Building Finance Corporation (HBFC) Hussain Haqqani impugning an order by the Special Federal Anti Corruption Court (FAC) Central-II was adjourned to a dat
Published 08 Feb, 2005 12:00am
Refresher course for magistrates begins

Refresher course for magistrates begins

A three-week refresher course for civil judges-cum-judicial magistrates from Punjab started at the Federal Judicial Academy here on Monday. Chaudhry Hasan Nawaz, Director General of the Academy inaugurated the course and Khadim Hussain Malik, Director Ins
Published 08 Feb, 2005 12:00am
Pak-UK bilateral trade trend positive: High Commissioner

Pak-UK bilateral trade trend positive: High Commissioner

The bilateral trade between Britain and Pakistan was now 850 million pounds per annum and the trend was "positive," noted British Deputy High Commissioner in Karachi and Director for Trade & Investment Hamish Daniel. He told a news conference here on Mond
Published 08 Feb, 2005 12:00am
Badar issued notice in NAB reference

Badar issued notice in NAB reference

A full bench of the Supreme Court of Pakistan on Monday issued notice to former Federal Minister Jehangir Badar in the National Accountability Bureau (NAB) reference regarding assets case, and directed him to submit a detailed reply in two weeks. The Apex
Published 08 Feb, 2005 12:00am
MMA component parties to contest local bodies polls jointly

MMA component parties to contest local bodies polls jointly

Central leader of Muttahida Majlis-i-Amal (MMA) and Secretary General of Jamaat-i-Islami (JI), Pakistan, Syed Munawar Hasan, has announced that all the component parties of the MMA will contest the next local bodies elections from the platform of the alli
Published 08 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
Reception to honour veteran Aligarh Association member

Reception to honour veteran Aligarh Association member

The Aligarh Muslim University Old Boys Association of Pakistan is holding a grand reception to pay tributes to Nawab Mushtaq Ahmed Khan. Nawab Mushtaq has served as the Agent General of Hyderabad Deccan in Pakistan and is one of the leading old boys of th
Published 08 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
Bill on taxpayers directory referred to Senate panel

Bill on taxpayers directory referred to Senate panel

The Senate on Monday referred to the house standing committee a bill aimed at making it mandatory on Central Board of Revenue (CBR) to publish taxpayers directory every year as envisaged in a 2001 administrative order. The private member bill further to a
Published 08 Feb, 2005 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

As you enter the third floor on way to the Press Gallery of the Senate a pathetic scene confronts you: Over a dozen buckets have been placed on a rolled-up carpet to catch the water that falls from the leaky roof creating tintinnabular sound. Like most of
Published 08 Feb, 2005 12:00am
Local government institutions: PPPP demands accountability

Local government institutions: PPPP demands accountability

Pakistan People's Party Parliamentarian (PPPP) has demanded strict accountability and audit of local government institutions before the forthcoming election. Addressing a press conference Naveed Chaudhry, the PPPP Punjab Information Secretary, accused the
Published 08 Feb, 2005 12:00am
Rabbani flayed over raising point of order

Rabbani flayed over raising point of order

Minister for parliamentary Affairs, Sher Afgan Niazi criticised leader of the opposition, Raza Rabbani during Senate session on Monday for raising point of order pertaining to current increase in oil and gas prices. Sher Afgan Niazi said, " I know he is t
Published 08 Feb, 2005 12:00am
Avalanche kills three in AJK

Avalanche kills three in AJK

Two brothers among three people were killed after burying under snow avalanche in Forward Kahuta on Monday, police said. Two brothers who were identified as Qadir Ali son of Muhammad Din, 25, and his elder brother Zamir Ali, 30, were killed while burying
Published 08 Feb, 2005 12:00am
Opposition demands withdrawal of raise in POL and gas prices

Opposition demands withdrawal of raise in POL and gas prices

Combined opposition in the Senate on Monday 'strongly condemned' the increase in the prices of petroleum products and demanded its immediate withdrawal. State Minister for Finance, Omar Ayub tried to defend the government, but his arguments were not enoug
Published 08 Feb, 2005 12:00am
Korangi industrial estate to have effluent plant: Prime Minister

Korangi industrial estate to have effluent plant: Prime Minister

Prime Minister Shaukat Aziz on Monday said the government was setting up effluent treatment plants in six industrial estates to help provide clean environment. Talking to a delegation of Korangi Association of Trade and Industry led by S. M. Muneer which
Published 08 Feb, 2005 12:00am
Pakistan chapter of Jinnah Foundation to open on March 23

Pakistan chapter of Jinnah Foundation to open on March 23

The Pakistan chapter of the Washington-based "Jinnah Foundation of Peace and Public Policy" (JFPP) will be inaugurated on March 23. Addressing a press conference here on Monday, Federal Parliamentary secretary, Cabinet Division, Dr Firdous Ashiq Awan, who
Published 08 Feb, 2005 12:00am
Industrialists flay raise in utility charges

Industrialists flay raise in utility charges

Pakistan Industrial and Traders Associations Front (Piaf) and representatives of other trade organisations have said increase in patrol, gas and electricity prices would render national industry out of the race of international competition. "It seemed tha
Published 08 Feb, 2005 12:00am
'Agencies trying to defame Muttahida'

'Agencies trying to defame Muttahida'

Muttahida Qaumi Movement (MQM) has said some forces were hindering the process of organising the party in the Punjab province by initiating baseless and false propaganda against MQM. MQM leaders and members national assembly (MNAs) Iqbal Muhammad Ali Khan
Published 08 Feb, 2005 12:00am
MQM claims Rs 500 million damages from Lahore daily

MQM claims Rs 500 million damages from Lahore daily

The Muttahida Qaumi Movement (MQM) has claimed damages of Rs 500 million from a Lahore-based daily for publishing a self-designed and sensational sticker and associating it with the MQM. The legal notice by the MQM was issued through senior advocates of t
Published 08 Feb, 2005 12:00am
PTCL general-managers moot begins

PTCL general-managers moot begins

Pakistan Telecommunication Company Limited (PTCL) chief Junaid I. Khan on Monday acknowledged the efforts of regional managers and field staff in accomplishing half yearly sales targets. He, however, said it was the beginning of competitive era in the wak
Published 08 Feb, 2005 12:00am
Top travel agents awarded

Top travel agents awarded

Amadeus Pakistan presented awards to its travel agents showing outstanding performance, at a function held at a local hotel here, on Monday night. This was the seventh such annual event, which was well attended by travel agents and people from related bus
Published 08 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
Nortel Internet Product to meet Bellsouth needs

Nortel Internet Product to meet Bellsouth needs

The telephonic subsidiary of the Bell South has chosen from Nortel's IP contact centre and speech solutions for deployment in its 22 locations across states. Nortel is able to meet the Bell South need for a comprehensive solution that could provide skill-
Published 08 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
Hilal-e-Pakistan conferred on World Bank president

Hilal-e-Pakistan conferred on World Bank president

President General Pervez Musharraf conferred on Monday the award of Hilal-e-Pakistan on the World Bank President James D Wolfensohn in recognition of his all-round attainments, outstanding leadership and the Bank's invaluable support to the Pakista
Published 08 Feb, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
SECP and CDC to hold roadshows on stock investment

SECP and CDC to hold roadshows on stock investment

The Securities & Exchange Commission of Pakistan (SECP) and the Central Depository Company (CDC) will initiate a series of roadshows on investment to educate small investors about stock markets. These shows are basically aimed to expand the investors' bas
Published 08 Feb, 2005 12:00am
WTO regime: EU for special treatment to Pakistan

WTO regime: EU for special treatment to Pakistan

The State Minister for Commerce Hamid Yar Hiraj has called upon European Union (EU) to give special treatment to Pakistan in WTO regime due to his country's role as a frontline state at war on terror. He was speaking at the launching ceremony of six-day l
Published 08 Feb, 2005 12:00am
Rains and snowfall may continue for next few days

Rains and snowfall may continue for next few days

Director General Meteorological Department Dr Qamar-uz-Zaman on Monday advised the authorities to make proper arrangements to face any emergency-like situation, as the present rains and snowfall spell was expected to continue for next few days. Talking to
Published 08 Feb, 2005 12:00am
Level playing field provided to investors: Prime Minister

Level playing field provided to investors: Prime Minister

Prime Minister Shaukat Aziz on Monday said Pakistan was providing level playing field to all investors and facilitating the private sector to play its role in economic growth. Talking to Simon Radolph, head of Asia Region Templeton Asset Management to Pak
Published 08 Feb, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
ECC meets today, may remove duty on refined sugar import

ECC meets today, may remove duty on refined sugar import

The Economic Co-ordination Committee (ECC) of the Cabinet, to meet here on Tuesday under the chairmanship of Prime Minister Shaukat Aziz, is likely to remove import duty on refined sugar and allow private parties to import sugar, it is learnt. The Ministr
Published 08 Feb, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 07, 2005).

Published 08 Feb, 2005 12:00am
ECC meets today, may remove duty on refined sugar import

ECC meets today, may remove duty on refined sugar import

The Economic Co-ordination Committee (ECC) of the Cabinet, to meet here on Tuesday under the chairmanship of Prime Minister Shaukat Aziz, is likely to remove import duty on refined sugar and allow private parties to import sugar, it is learnt. The Ministr
Published 08 Feb, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (February 07, 2005).
Published 08 Feb, 2005 12:00am
International bids invited for three power projects

International bids invited for three power projects

The Ministry of Water & Power and Private Power Infrastructure Board (PPIB) have invited international parties through international competitive bidding to set up power generating units with cumulative capacity of 1300 megawatt to meet the fast growing de
Published 08 Feb, 2005 12:00am
International bids invited for three power projects

International bids invited for three power projects

The Ministry of Water & Power and Private Power Infrastructure Board (PPIB) have invited international parties through international competitive bidding to set up power generating units with cumulative capacity of 1300 megawatt to meet the fast growing de
Published 08 Feb, 2005 12:00am
Kamal Shah elevated as Interior Secretary

Kamal Shah elevated as Interior Secretary

Present Sindh Inspector-General of Police, Kamal Shah, has been elevated and posted as Secretary Interior, while the incumbent, Tariq Mahmud, has been posted as Secretary, Communications, sources told Business Recorder here on Monday. Asad Jehangir
Published 08 Feb, 2005 12:00am
Kamal Shah elevated as Interior Secretary

Kamal Shah elevated as Interior Secretary

Present Sindh Inspector-General of Police, Kamal Shah, has been elevated and posted as Secretary Interior, while the incumbent, Tariq Mahmud, has been posted as Secretary, Communications, sources told Business Recorder here on Monday. Asad Jehangir
Published 08 Feb, 2005 12:00am
Power projects' sell-off process reviewed

Power projects' sell-off process reviewed

Prime Minister Shaukat Aziz on Monday said the government was encouraging new investment in power generation and distribution sectors to improve efficiency and benefit the consumers. He was chairing a high-level meeting to review the privatisation of powe
Published 08 Feb, 2005 12:00am
Power projects' sell-off process reviewed

Power projects' sell-off process reviewed

Prime Minister Shaukat Aziz on Monday said the government was encouraging new investment in power generation and distribution sectors to improve efficiency and benefit the consumers. He was chairing a high-level meeting to review the privatisation of powe
Published 08 Feb, 2005 12:00am
Two newsmen killed in tribal area ambush

Two newsmen killed in tribal area ambush

Two journalists were killed and another, working for AFP, was injured on Monday when gunmen opened fire on their car in South Waziristan near the Afghan border, officials said. A fourth journalist, Zardad Khan of Al-Jazeera television, who was also in the
Published 08 Feb, 2005 12:00am
Two newsmen killed in tribal area ambush

Two newsmen killed in tribal area ambush

Two journalists were killed and another, working for AFP, was injured on Monday when gunmen opened fire on their car in South Waziristan near the Afghan border, officials said. A fourth journalist, Zardad Khan of Al-Jazeera television, who was also in the
Published 08 Feb, 2005 12:00am
Pakistan and Sri Lanka may sign FTA

Pakistan and Sri Lanka may sign FTA

Pakistan and Sri Lanka are likely to ink Free Trade Agreement (FTA) during the meeting of Sri Lankan President Chandrika Bandaranaike Kumaratunga with Prime Minister Shaukat Aziz here. The Sri Lankan President, who is currently on a visit to Pakistan, wil
Published 08 Feb, 2005 12:00am
Pakistan and Sri Lanka may sign FTA

Pakistan and Sri Lanka may sign FTA

Pakistan and Sri Lanka are likely to ink Free Trade Agreement (FTA) during the meeting of Sri Lankan President Chandrika Bandaranaike Kumaratunga with Prime Minister Shaukat Aziz here. The Sri Lankan President, who is currently on a visit to Pakistan, wil
Published 08 Feb, 2005 12:00am