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Print - 2005-05-17
Proposal to deploy army to combat illiteracy approved

Proposal to deploy army to combat illiteracy approved

The Senate Standing Committee on Education on Monday unanimously approved the proposal for employing troops of Pakistan Army to aid the civilian machinery in enhancing literacy rate in the country. The Federal Minister for Education Lieutenant General Jav
Published 17 May, 2005 12:00am
Shujaat and Pervaiz meet Jamali

Shujaat and Pervaiz meet Jamali

The ruling Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain and Chief Minister Punjab Chaudhry Pervez Elahi on Monday met former Prime Minister Mir Zafarullah Jamali at Balochistan House. Chaudhry Shujaat's younger brother and PML MNA Chaud
Published 17 May, 2005 12:00am
Business Recorder staffer grieved

Business Recorder staffer grieved

The mother of Jameel Akhtar, Circulation Executive, Business Recorder, passed away here on Monday night. She leaves behind six sons and three daughters. Her Namaz-e-Janaza will be offered at Shamim Masjid situated on Chaudhry Khaliquzzaman Road in
Published 17 May, 2005 12:00am
Soft borders no solution to Kashmir issue: Musharraf

Soft borders no solution to Kashmir issue: Musharraf

President General Pervez Musharraf has warned that "soft borders" in Kashmir are a confidence-building measure but not a solution to the conflict, a report said Monday. "Soft borders are not a solution," Musharraf was quoted as telling Britain's Financial
Published 17 May, 2005 12:00am
Chinese Customs team to arrive soon

Chinese Customs team to arrive soon

A delegation of Chinese custom officials will soon visit Pakistan to finalise the arrangements for exchanging electronic data on imports/exports to control the massive under-invoicing of Chinese goods, freely available in the local markets. Under the arra
Published 17 May, 2005 12:00am
Pakistan misses bottom in gender gap index

Pakistan misses bottom in gender gap index

A new 'Gender Gap Index' for measuring inequality between men and women, devised by the World Economic Forum, has put Pakistan almost at the bottom of ranking in 58 countries. Pakistan's ranking is 56, ahead of Turkey (57) and Egypt (58). Surprisingly, Ba
Published 17 May, 2005 12:00am
Islamabad warned against tampering telecom rules

Islamabad warned against tampering telecom rules

The Global System for Mobile-communications (GSM) Association has cautioned Pakistan against tampering with the current terms and policies regulating telecommunication as any sudden changes will disrupt growth and stability of the sector. Its officials al
Published 17 May, 2005 12:00am
'Kabul probing attack on Pakistani mission'

'Kabul probing attack on Pakistani mission'

Foreign Office spokesman said here on Monday that Pakistan has protested very strongly to the torching of Pakistan's consulate-general at Jalalabad, and urged the Afghan for a thorough investigation. At his weekly briefing, Jalil Abbas Jilani said that Pr
Published 17 May, 2005 12:00am
Concessional duty SROs to be combined in next budget

Concessional duty SROs to be combined in next budget

The Central Board of Revenue (CBR) has decided to combine, in budget 2005-06, all SROs pertaining to concessional rates of customs duty on import of raw materials, goods and equipment. Official sources told Business Recorder on Monday that CBR has
Published 17 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 16, 2005).

Published 17 May, 2005 12:00am
Concessional duty SROs to be combined in next budget

Concessional duty SROs to be combined in next budget

The Central Board of Revenue (CBR) has decided to combine, in budget 2005-06, all SROs pertaining to concessional rates of customs duty on import of raw materials, goods and equipment. Official sources told Business Recorder on Monday that CBR has
Published 17 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 16, 2005).

Published 17 May, 2005 12:00am
Concessional duty SROs to be combined in next budget

Concessional duty SROs to be combined in next budget

The Central Board of Revenue (CBR) has decided to combine, in budget 2005-06, all SROs pertaining to concessional rates of customs duty on import of raw materials, goods and equipment. Official sources told Business Recorder on Monday that CBR has
Published 17 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 16, 2005).

Published 17 May, 2005 12:00am
Pakistan for third-party report on Daulatabad gas reserves

Pakistan for third-party report on Daulatabad gas reserves

Pakistan has expressed dissatisfaction over the preliminary report and demanded of Turkmenistan to present third-party certification of Daultabad gas field in the next steering committee meeting, to be held in Ashkabad in June. An official of Petroleum Mi
Published 17 May, 2005 12:00am
Pakistan for third-party report on Daulatabad gas reserves

Pakistan for third-party report on Daulatabad gas reserves

Pakistan has expressed dissatisfaction over the preliminary report and demanded of Turkmenistan to present third-party certification of Daultabad gas field in the next steering committee meeting, to be held in Ashkabad in June. An official of Petroleum Mi
Published 17 May, 2005 12:00am
Pakistan for third-party report on Daulatabad gas reserves

Pakistan for third-party report on Daulatabad gas reserves

Pakistan has expressed dissatisfaction over the preliminary report and demanded of Turkmenistan to present third-party certification of Daultabad gas field in the next steering committee meeting, to be held in Ashkabad in June. An official of Petroleum Mi
Published 17 May, 2005 12:00am
UK offers to sell three Type-23 ships: Naval chief

UK offers to sell three Type-23 ships: Naval chief

Chief of the Naval Staff Shahid Karimullah said on Monday that Britain has offered to sell three Type-23 ships to Pakistan. Britain showed its interest in selling the ships and "we have shown interest" in purchasing the same, Admiral Karimullah said after
Published 17 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 16, 2005).

Published 17 May, 2005 12:00am
UK offers to sell three Type-23 ships: Naval chief

UK offers to sell three Type-23 ships: Naval chief

Chief of the Naval Staff Shahid Karimullah said on Monday that Britain has offered to sell three Type-23 ships to Pakistan. Britain showed its interest in selling the ships and "we have shown interest" in purchasing the same, Admiral Karimullah said after
Published 17 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 16, 2005).

Published 17 May, 2005 12:00am
Seized liquor sale to embassies: CBR to file fresh reference with CII

Seized liquor sale to embassies: CBR to file fresh reference with CII

The Central Board of Revenue (CBR) will file a fresh reference to seek permission from the Council of Islamic Ideology (CII) for selling 0.1 million bottles of confiscated liquor to the embassies of non-Muslim countries. Official sources told Business
Published 17 May, 2005 12:00am
Seized liquor sale to embassies: CBR to file fresh reference with CII

Seized liquor sale to embassies: CBR to file fresh reference with CII

The Central Board of Revenue (CBR) will file a fresh reference to seek permission from the Council of Islamic Ideology (CII) for selling 0.1 million bottles of confiscated liquor to the embassies of non-Muslim countries. Official sources told Business
Published 17 May, 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 (May 16, 2005).
Published 17 May, 2005 12:00am
Seized liquor sale to embassies: CBR to file fresh reference with CII

Seized liquor sale to embassies: CBR to file fresh reference with CII

The Central Board of Revenue (CBR) will file a fresh reference to seek permission from the Council of Islamic Ideology (CII) for selling 0.1 million bottles of confiscated liquor to the embassies of non-Muslim countries. Official sources told Business
Published 17 May, 2005 12:00am
12 killed in Indian occupied Kashmir

12 killed in Indian occupied Kashmir

Indian occupation troops on Monday gunned down three suspected mujahideen who infiltrated into Indian occupied Kashmir from Azad Kashmir while nine others including two policemen died elsewhere, officials said. The three suspected mujahideen were shot dea
Published 17 May, 2005 12:00am
12 killed in Indian occupied Kashmir

12 killed in Indian occupied Kashmir

Indian occupation troops on Monday gunned down three suspected mujahideen who infiltrated into Indian occupied Kashmir from Azad Kashmir while nine others including two policemen died elsewhere, officials said. The three suspected mujahideen were shot dea
Published 17 May, 2005 12:00am
SECP issues circular: election of directors can be held in October-April

SECP issues circular: election of directors can be held in October-April

Securities and Exchange Commission of Pakistan (SECP) has stated that the election of the directors of companies can take place in annual general meeting in October/April instead of December/June. "However the director elect will take office after the exp
Published 17 May, 2005 12:00am
SECP issues circular: election of directors can be held in October-April

SECP issues circular: election of directors can be held in October-April

Securities and Exchange Commission of Pakistan (SECP) has stated that the election of the directors of companies can take place in annual general meeting in October/April instead of December/June. "However the director elect will take office after the exp
Published 17 May, 2005 12:00am
SECP issues circular: election of directors can be held in October-April

SECP issues circular: election of directors can be held in October-April

Securities and Exchange Commission of Pakistan (SECP) has stated that the election of the directors of companies can take place in annual general meeting in October/April instead of December/June. "However the director elect will take office after the exp
Published 17 May, 2005 12:00am
External debt and liabilities down 37 percent: Dr Ashfaque

External debt and liabilities down 37 percent: Dr Ashfaque

Pakistan's external debt and liabilities, which were over 52 percent of the gross domestic product (GDP) five years back, have come down to 37 percent last year and are expected to decline further by the end of current financial year. "External debt and l
Published 17 May, 2005 12:00am
Indonesia first quarter GDP rises more than expected

Indonesia first quarter GDP rises more than expected

Indonesia's economy grew a more-than-expected 6.35 percent in the year through the first quarter, supported by investment and maintaining a similar expansion rate to the fourth quarter, data showed on Monday. Growth outstripped expectations for gross dome
Published 17 May, 2005 12:00am
Nikon operating profit surges

Nikon operating profit surges

Japanese camera and chip equipment maker Nikon Corp on Monday posted a surge in annual operating profit on stronger sales of steppers and high-end digital cameras, and forecast a bigger-than-expected profit this business year. Nikon's earnings have been d
Published 17 May, 2005 12:00am
Nikon operating profit surges

Nikon operating profit surges

Japanese camera and chip equipment maker Nikon Corp on Monday posted a surge in annual operating profit on stronger sales of steppers and high-end digital cameras, and forecast a bigger-than-expected profit this business year. Nikon's earnings have been d
Published 17 May, 2005 12:00am
US watchdogs issue tips on meeting audit reforms

US watchdogs issue tips on meeting audit reforms

Auditors have been overly cautious in their attempts to comply with post-Enron reforms and need to be more focused and communicative when completing their audits, US regulators said on Monday in response to complaints about the new standards. The Public C
Published 17 May, 2005 12:00am
AOL eyes return of 'world' to World Wide Web

AOL eyes return of 'world' to World Wide Web

Time Warner unit AOL is working on a new Internet business strategy that it would eventually use in foreign markets, Time Warner's CEO said on Monday, outlining a move that would reverse a long retreat to AOL's US base. "We've been working with AOL to try
Published 17 May, 2005 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bears snatched the floor from the bulls amid decrease in index. ISE Network Index was down by 295.25 points as the price-based indicator moved from 12,291.86 to 11,996.61 p
Published 17 May, 2005 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Equities witnessed broad-based erosion at the Islamabad Stock Exchange (ISE) where bears snatched the floor from the bulls amid decrease in index. ISE Network Index was down by 295.25 points as the price-based indicator moved from 12,291.86 to 11,996.61 p
Published 17 May, 2005 12:00am
Abn Amro chairman reaffirms commitment to Pakistan

Abn Amro chairman reaffirms commitment to Pakistan

Mr Rijkman Groenink, Chairman of the Managing Board, ABN Amro Bank visited Pakistan recently. Rijkman Groenink reaffirmed ABN Amro's commitment to Pakistan during his meetings with President Pervez Musharraf and Prime Minister Shaukat Aziz. Mr. Groenink s
Published 17 May, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 16, 2005).

Published 17 May, 2005 12:00am
World Bank to lend $150 million to tsunami-hit hotels

World Bank to lend $150 million to tsunami-hit hotels

The World Bank said on Monday its private sector arm would lend up to $150 million to hotel companies in tsunami-damaged areas of South Asia to help them rebuild their properties. The International Finance Corp loans will be aimed at established hotel and
Published 17 May, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 16, 2005).
Published 17 May, 2005 12:00am
LSE index loses 23.99 points

LSE index loses 23.99 points

Conflicting rumours about the outcome of President Musharraf's meeting with the PML top brass disturbed the sentiment, keeping people in a confusing state of mind on local stock market, where share values moved erratically to make a weak closing. The LSE-
Published 17 May, 2005 12:00am
LSE index loses 23.99 points

LSE index loses 23.99 points

Conflicting rumours about the outcome of President Musharraf's meeting with the PML top brass disturbed the sentiment, keeping people in a confusing state of mind on local stock market, where share values moved erratically to make a weak closing. The LSE-
Published 17 May, 2005 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 Monday (May 16, 2005).

Published 17 May, 2005 12:00am
Foreign office denies any mediation role in Palestine

Foreign office denies any mediation role in Palestine

Foreign Office spokesman on Monday rejected suggestions here that Pakistan was going to mediate between Palestinian National Authority and the Israeli leaders. He said at his news briefing that he was not aware of such a move. He even did not agree to ans
Published 17 May, 2005 12:00am
Profit taking trims share prices on KSE

Profit taking trims share prices on KSE

Share prices showed erratic movement on Karachi Stock Exchange on Monday and profit taking forced the index to close on a negative note with volume appreciating by 6 percent. The KSE-100 index declined by 95.83 points, or 1.29 points, to 7315.50 from 7411
Published 17 May, 2005 12:00am
Profit taking trims share prices on KSE

Profit taking trims share prices on KSE

Share prices showed erratic movement on Karachi Stock Exchange on Monday and profit taking forced the index to close on a negative note with volume appreciating by 6 percent. The KSE-100 index declined by 95.83 points, or 1.29 points, to 7315.50 from 7411
Published 17 May, 2005 12:00am
Profit taking trims share prices on KSE

Profit taking trims share prices on KSE

Share prices showed erratic movement on Karachi Stock Exchange on Monday and profit taking forced the index to close on a negative note with volume appreciating by 6 percent. The KSE-100 index declined by 95.83 points, or 1.29 points, to 7315.50 from 7411
Published 17 May, 2005 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 Monday (May 16, 2005).

Published 17 May, 2005 12:00am
POL prices unchanged

POL prices unchanged

The fortnightly meeting of the pricing subcommittee of Oil Companies Advisory Committee (OCAC), was held here on Monday to review the various prices of petroleum products. The committee decided that the prices of POL products would remain unchanged for th
Published 17 May, 2005 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 Monday (May 16, 2005).

Published 17 May, 2005 12:00am
POL prices unchanged

POL prices unchanged

The fortnightly meeting of the pricing subcommittee of Oil Companies Advisory Committee (OCAC), was held here on Monday to review the various prices of petroleum products. The committee decided that the prices of POL products would remain unchanged for th
Published 17 May, 2005 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 Monday (May 16, 2005).

Published 17 May, 2005 12:00am
POL prices unchanged

POL prices unchanged

The fortnightly meeting of the pricing subcommittee of Oil Companies Advisory Committee (OCAC), was held here on Monday to review the various prices of petroleum products. The committee decided that the prices of POL products would remain unchanged for th
Published 17 May, 2005 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 17 May, 2005 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 17 May, 2005 12:00am
Ukraine pares 2005 grain crop forecast

Ukraine pares 2005 grain crop forecast

Ukraine's Farm Ministry has cut its 2005 grain crop forecast slightly to about 37 million tonnes from the previous estimate at 37.4 million, Agriculture Minister Alexander Baranivsky said on Monday. Ukraine harvested a record 41.8 million tonne of grain i
Published 17 May, 2005 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseed oilcake market as May vaida showed no change and the next vaida closed lower in low activity, dealers said. The May vaida commenced with no change at Rs 444.00 and closing was also seen at the same level, dea
Published 17 May, 2005 12:00am