News Archives for Print - 2004-09-14

Companies under suspension

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

Published 14 Sep, 2004 12:00am

Three big explosions rocked the port city Gwadar on Sunday night where a Deepwater Port had been upcoming speedily. According to details, the first explosion took place at Fish Harbour Colony around 1030 pm followed by second explosion near Post Office at

Published 14 Sep, 2004 12:00am

Clearing Schedule for T+3 System

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

Published 14 Sep, 2004 12:00am

Country to come out of controversial IPPs accords by 2024-32, National Assembly informed

Pakistan will come out of controversial Independent Power Producers (IPPs) agreements by 2024-32. Federal Minister for Water and Power, Liaquat Ali Jatoi informed this to the National Assembly here on Monday in his written reply during the question hour.

Published 14 Sep, 2004 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 14 Sep, 2004 12:00am

Government will keep increasing budget for higher education: Musharraf

President General Pervez Musharraf has said that positive headway achieved in the field of higher education would bring a revolution.

Published 14 Sep, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 14 Sep, 2004 12:00am

Six-nation Arab stock exchange planned

A six-nation Arab stock exchange is to be set up next year in Cairo, the director of Egypt's bourse, Mohamed Abdel Salam, said on Monday. "Trades on the Arab bourse should start early in 2005 although we have not yet got a precise opening date," he told A

Published 14 Sep, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 14 Sep, 2004 12:00am

Six-nation Arab stock exchange planned

A six-nation Arab stock exchange is to be set up next year in Cairo, the director of Egypt's bourse, Mohamed Abdel Salam, said on Monday. "Trades on the Arab bourse should start early in 2005 although we have not yet got a precise opening date," he told A

Published 14 Sep, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 14 Sep, 2004 12:00am

Fast Attack Missile Craft 'Quwwat' launched, KSEW not taken over by Navy: Admiral Shahid

Pakistan Navy on Monday achieved yet another milestone in the indigenous construction of naval platforms and has made a quantum leap towards self-reliance to making missile crafts by utilising indigenous resources. This was stated by Chief of Naval Staff

Published 14 Sep, 2004 12:00am

United Money-Market Fund

The Unit Prices for September 14, 2004.

Published 14 Sep, 2004 12:00am

Fast Attack Missile Craft 'Quwwat' launched, KSEW not taken over by Navy: Admiral Shahid

Pakistan Navy on Monday achieved yet another milestone in the indigenous construction of naval platforms and has made a quantum leap towards self-reliance to making missile crafts by utilising indigenous resources. This was stated by Chief of Naval Staff

Published 14 Sep, 2004 12:00am

United Money-Market Fund

The Unit Prices for September 14, 2004.

Published 14 Sep, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

United Money-Market Fund

The Unit Prices for September 14, 2004.

Published 14 Sep, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Atlas Fund Prices

Atlas Fund Prices on September 13, 2004.

Published 14 Sep, 2004 12:00am

PFMA demands release of wheat stock

Pakistan Flour Mills Association (PFMA) has demanded of the government to start releasing wheat from the stocks of Punjab Food Department to flour mills so as to check increasing prices of wheat in the open market.

Published 14 Sep, 2004 12:00am

Atlas Fund Prices

Atlas Fund Prices on September 13, 2004.

Published 14 Sep, 2004 12:00am

Two tribesmen killed in Wana

Pakistani troops and gunship helicopters fired on al Qaeda-linked militants in the western tribal region on Monday, a day after fierce fighting killed up to 10 people in the area, officials and residents said. Residents said the latest clashes, which also

Published 14 Sep, 2004 12:00am

Atlas Fund Prices

Atlas Fund Prices on September 13, 2004.

Published 14 Sep, 2004 12:00am

Two tribesmen killed in Wana

Pakistani troops and gunship helicopters fired on al Qaeda-linked militants in the western tribal region on Monday, a day after fierce fighting killed up to 10 people in the area, officials and residents said. Residents said the latest clashes, which also

Published 14 Sep, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

CPI registers over 9 percent rise

The year-on-year CPI (consumer price index) has stayed over 9 percent during the first two months of the current financial year, while SPI (sensitive price indicator) is well over 14 percent. According to monthly review of price indices for August 2004, r

Published 14 Sep, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

CPI registers over 9 percent rise

The year-on-year CPI (consumer price index) has stayed over 9 percent during the first two months of the current financial year, while SPI (sensitive price indicator) is well over 14 percent. According to monthly review of price indices for August 2004, r

Published 14 Sep, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

British Air reduces fare by 35 percent

In a sudden move, the British Airways on Monday announced a steep reduction of over 35 percent in its Islamabad-London and return fare, lowering it from Rs 46,200 to Rs 29,999.

Published 14 Sep, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Pakistan consulate staff safe in Herat: foreign office

A Foreign Office spokesman reported that the staff of Pakistani consulate general in the Afghan city of Herat was safe but the mission has been temporarily re-located due to eruption of violence in the city on Sunday.

Published 14 Sep, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Sugar prices on rise as mills opposed to TCP stock release

The prices of sugar in retail market are continuously on the increase although there is no effect on the ex-factory price which is prevailing around Rs 19 per kg.

Published 14 Sep, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Water shortage will not hurt cotton and sugarcane crops

Water shortage would have no adverse effect on the current cotton and sugarcane crops as these have already matured, said ginners and sugarcane farmers.

Published 14 Sep, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

One Indo-Pak currency, removal of visa urged

The governments of Pakistan and India should waive visa restriction for the people born before the partition on the other side of the border so that they can frequently visit their birth or ancestral places.

Published 14 Sep, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Anthem and WellPoint committed to merger

Anthem Inc and WellPoint Health Networks Inc remain committed to closing their stalled, $16.5 billion merger, the chief executives of both companies said on Monday.

Published 14 Sep, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Anthem and WellPoint committed to merger

Anthem Inc and WellPoint Health Networks Inc remain committed to closing their stalled, $16.5 billion merger, the chief executives of both companies said on Monday.

Published 14 Sep, 2004 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

US judge casts doubt on EU evidence on Oracle

A US judge has cast doubt on European Commission evidence in the contested Oracle-PeopleSoft merger, undermining an argument Brussels may want to use if it decides to block it.

Published 14 Sep, 2004 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Malaysia will not balance budget in 2006

Malaysian Prime Minister Abdullah Ahmad Badawi said on Monday the government would not eliminate its chronic budget deficit by 2006, his predecessor's goal, and that aiming for such a target could hurt growth.

Published 14 Sep, 2004 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

BP remains upbeat on Russian prospects

BP's flagship Russian oil venture, TNK-BP, is maintaining crude production growth targets for 2004 to 2007, the company said in an upbeat presentation on Monday.

Published 14 Sep, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

UN pulls staff from Herat after deadly riots

The United Nations and several non-governmental aid agencies withdrew staff from the troubled Afghan city of Herat on Monday after their offices were targeted in deadly rioting. More than 60 workers were relocated after demonstrators attacked aid offices

Published 14 Sep, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

UN pulls staff from Herat after deadly riots

The United Nations and several non-governmental aid agencies withdrew staff from the troubled Afghan city of Herat on Monday after their offices were targeted in deadly rioting. More than 60 workers were relocated after demonstrators attacked aid offices

Published 14 Sep, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Pakistan and Iran to upgrade status of JEC

Iranian President Syed Muhammad Khatami on Monday said Iran wanted the lingering issue of Kashmir to be resolved in line with wishes of the Kashmiri people. He made these remarks during 50-minute meeting with Prime Minister Shaukat Aziz on the sidelines o

Published 14 Sep, 2004 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Pakistan and Iran to upgrade status of JEC

Iranian President Syed Muhammad Khatami on Monday said Iran wanted the lingering issue of Kashmir to be resolved in line with wishes of the Kashmiri people. He made these remarks during 50-minute meeting with Prime Minister Shaukat Aziz on the sidelines o

Published 14 Sep, 2004 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

ISE index loses 132.55 points

Bears remained in the front seat at the Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. The ISE network index was minus by 132.55 points as the rate-based indicator moved from 11,412.57 to 11,280.02 points, whil

Published 14 Sep, 2004 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

ISE index loses 132.55 points

Bears remained in the front seat at the Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. The ISE network index was minus by 132.55 points as the rate-based indicator moved from 11,412.57 to 11,280.02 points, whil

Published 14 Sep, 2004 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Tax projections data, revenue-to-GDP ratio supplied to IMF

The Central Board of Revenue (CBR) has transmitted mid-term 'tax projections' and 'revenue-to-GDP ratio' from fiscal 2004-05 to 2008-09 to the International Monetary Fund (IMF). Official sources told Business Recorder here on Monday that 'tax proje

Published 14 Sep, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Tax projections data, revenue-to-GDP ratio supplied to IMF

The Central Board of Revenue (CBR) has transmitted mid-term 'tax projections' and 'revenue-to-GDP ratio' from fiscal 2004-05 to 2008-09 to the International Monetary Fund (IMF). Official sources told Business Recorder here on Monday that 'tax proje

Published 14 Sep, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Tax evasion by steel melters, re-rolling to be assessed

The Central Board of Revenue (CBR) has launched a survey to determine the quantum of non-payment of sales by steel melters and re-rolling mills. The All Pakistan Steel Melters Association and All Pakistan Steel Re-rolling Mills Association have been intim

Published 14 Sep, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Tax evasion by steel melters, re-rolling to be assessed

The Central Board of Revenue (CBR) has launched a survey to determine the quantum of non-payment of sales by steel melters and re-rolling mills. The All Pakistan Steel Melters Association and All Pakistan Steel Re-rolling Mills Association have been intim

Published 14 Sep, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

LSE index sheds 49.27 points

Reacting to bad news from Wana and silence from the government on settlement of the issue of Capital Value Tax (CVT), share values underwent fresh losses on Lahore Stock Exchange (LSE) today (Monday), with the index moving down by 49.27 points, amid littl

Published 14 Sep, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

LSE index sheds 49.27 points

Reacting to bad news from Wana and silence from the government on settlement of the issue of Capital Value Tax (CVT), share values underwent fresh losses on Lahore Stock Exchange (LSE) today (Monday), with the index moving down by 49.27 points, amid littl

Published 14 Sep, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Selling spree dampens investors' mood

Past week's selling spree continued at Karachi Stock Exchange on Monday and the index on first session of the new week saw substantial decline in share prices because of panic and confusion over margin financing and capital value tax. The KSE-100 index sh

Published 14 Sep, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Selling spree dampens investors' mood

Past week's selling spree continued at Karachi Stock Exchange on Monday and the index on first session of the new week saw substantial decline in share prices because of panic and confusion over margin financing and capital value tax. The KSE-100 index sh

Published 14 Sep, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Wapda may buy 25 percent more power from IPPs

Due to water shortage, Wapda may increase purchase of thermal power by 25 percent to ensure smooth power supply. Sources told Business Recorder here on Monday that Wapda's dependence on thermal power would increase, as the country may face hydropow

Published 14 Sep, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Wapda may buy 25 percent more power from IPPs

Due to water shortage, Wapda may increase purchase of thermal power by 25 percent to ensure smooth power supply. Sources told Business Recorder here on Monday that Wapda's dependence on thermal power would increase, as the country may face hydropow

Published 14 Sep, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Pakistan and Tajikistan agree to enhance trade ties

Pakistan and Tajikistan on Monday reaffirmed mutual desire to further enhance trade and economic relationship as Prime Minister Shaukat Aziz held cordial and constructive meetings with Tajik leaders on a broad range of subjects. Shaukat Aziz told newsmen

Published 14 Sep, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Pakistan and Tajikistan agree to enhance trade ties

Pakistan and Tajikistan on Monday reaffirmed mutual desire to further enhance trade and economic relationship as Prime Minister Shaukat Aziz held cordial and constructive meetings with Tajik leaders on a broad range of subjects. Shaukat Aziz told newsmen

Published 14 Sep, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Rupee lending rates continue to surge

In the interbank market, tighter condition is likely to prevail as the market may face liquidity crunch due to larger outflow of funds. Pakistan Telecommunications Authority (PTA) has paid Rs 17 billion into the government account to settle its payment. A

Published 14 Sep, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Rupee lending rates continue to surge

In the interbank market, tighter condition is likely to prevail as the market may face liquidity crunch due to larger outflow of funds. Pakistan Telecommunications Authority (PTA) has paid Rs 17 billion into the government account to settle its payment. A

Published 14 Sep, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

Larson appreciates economic improvement

US Under-secretary of State for Trade and Investment, Alan Larson said on Monday that with the economic reforms in place and macro-economic indicators showing positive trends and growth, Pakistan has a conducive environment for foreign investors.

Published 14 Sep, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

15 killed in US strike on Fallujah

Fifteen people died when US jets spearheaded yet another assault on alleged al Qaeda fighters in Fallujah on Monday while Iraq's premier warned that key elections may be delayed in areas of unrest. Amid the country's relentless hostage crisis and desperat

Published 14 Sep, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 13, 2004).

Published 14 Sep, 2004 12:00am

15 killed in US strike on Fallujah

Fifteen people died when US jets spearheaded yet another assault on alleged al Qaeda fighters in Fallujah on Monday while Iraq's premier warned that key elections may be delayed in areas of unrest. Amid the country's relentless hostage crisis and desperat

Published 14 Sep, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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