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Print - 2005-05-25
Badawi stops over at Karachi

Badawi stops over at Karachi

Malaysian Prime Minister Datu Seri Abdullah Ahmed Badawi along with his wife had a brief stopover at the Quaid-e-Azam International Airport on Tuesday while on way from Kuala Lumpur to Japan. At the airport, the Malaysian Prime Minister was welcomed by Si
Published 25 May, 2005 12:00am
PTA constitutes supervisory board

PTA constitutes supervisory board

A supervisory board has been constituted by Pakistan Telecommunication Authority (PTA) for providing mobile number portability facility to mobile phone customers. Chairman PTA Major General Shehzada Alam (Retd) told a local TV that the supervisory board w
Published 25 May, 2005 12:00am
CII to review Hudood Ordinance

CII to review Hudood Ordinance

The Council of Islamic Ideology (CII) has decided to review Hudood Ordinance, which rights activists say discriminate against women. CII chairman Mohammad Khalid Masood said the council would consult scholars from Muslim countries attending a conference o
Published 25 May, 2005 12:00am
Seven killed in Indian occupied Kashmir

Seven killed in Indian occupied Kashmir

Seven people were killed in latest violence in occupied Kashmir, police said on Tuesday. In Baramulla district, unidentified men abducted a woman and hanged her while in Poonch district, a policeman was killed, a police spokesman said. In other violence,
Published 25 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
FICCI and FPCCI panels sign MoU

FICCI and FPCCI panels sign MoU

The Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation and the Federation of Pakistan Chambers of Commerce and Industry Standing Committee on Women Entrepreneurs, have signed a memorandum of understanding (MoU) on Tuesday.
Published 25 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Abolition of infrastructure cess proposed

Abolition of infrastructure cess proposed

Adviser to the Sindh Chief Minister on Excise and Taxation M A Jalil has proposed abolition of infrastructure cess on raw material used in the manufacturing of goods for exports in the manufacturing bond area. He was addressing a meeting of the SITE Assoc
Published 25 May, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Women entrepreneurs critical of FPCCI's attitude

Women entrepreneurs critical of FPCCI's attitude

Women entrepreneurs have regretted that genuine women, who are endeavouring to work alongside male counterparts for the economic and industrial development of the country, have been kept away from interacting with the visiting Federation of Indian Chamber
Published 25 May, 2005 12:00am
Pak-India joint trade portal proposed

Pak-India joint trade portal proposed

Leader of Indian trade delegation and President of Federation of Indian Chambers of Commerce and Industry (FICCI), Onkar S Kanwar, has suggested a joint Pakistan and India interactive portal where business leaders can travel through cyberspace and put the
Published 25 May, 2005 12:00am
India to let APHC leaders visit Pakistan: Musharraf

India to let APHC leaders visit Pakistan: Musharraf

India will allow leaders of All Parties Hurriyat Conference (APHC) to visit Pakistan for talks on Kashmir's future, President General Pervez Musharraf said in an interview published on Tuesday. Pakistan has issued an invitation to APHC to visit on June 2.
Published 25 May, 2005 12:00am
Government fails to check rise in sugar prices

Government fails to check rise in sugar prices

The government has failed to check sugar prices, as its ex-factory rates surged by Rs 150 per 100 kg bag during the last three days, which increased from Rs 2350 to Rs 2500 per 100 kg since Sunday. This in turn has pushed up the rates in the retail market
Published 25 May, 2005 12:00am
Senate panel approves plan to sell A300 B4 airbuses

Senate panel approves plan to sell A300 B4 airbuses

The Senate Standing Committee on Defence on Tuesday approved a plan of the Pakistan International Airlines (PIA) to sell A300 B4 airbuses and replace them with A310, setting aside a sub-committee contradictory suggestion and rejecting opposition members n
Published 25 May, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Shujaat calls on Shaukat

Shujaat calls on Shaukat

Pakistan Muslim League president Chaudhry Shujaat Hussain accompanied by the newly-appointed Secretary General PML, Sindh Nadir Leghari and Anwar Ali Cheema called on Prime Minister Shaukat Aziz at the Prime Minister's House on Tuesday. The Prime Minister
Published 25 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA-PGBI yield was down by 7 bps, and the BMA-PGBI value went up by 0.31% to close at 94.2376. Market witnessed across the curve demand in fixed income securities, continuously for second day, which resulted in across the curve downward movement in in
Published 25 May, 2005 12:00am
The Exhibitor Pvt Limited

The Exhibitor Pvt Limited

Message Firstly on behalf of The Exhibitor [Pvt] Ltd. We would like to thank you for participating in the exhibition and making it a mega success. Such a progress is beneficial for our company keeping in mind the progress and benefits availe
Published 25 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA-PGBI yield was down by 7 bps, and the BMA-PGBI value went up by 0.31% to close at 94.2376. Market witnessed across the curve demand in fixed income securities, continuously for second day, which resulted in across the curve downward movement in in
Published 25 May, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

The BMA-PGBI yield was down by 7 bps, and the BMA-PGBI value went up by 0.31% to close at 94.2376. Market witnessed across the curve demand in fixed income securities, continuously for second day, which resulted in across the curve downward movement in in
Published 25 May, 2005 12:00am
Message from Secretary General Islamic Chamber of Commerce and Industry

Message from Secretary General Islamic Chamber of Commerce and Industry

I wish to first of all commend the organisers for organising this important Conference under the theme of "Role of Canada in the Sustainable Development in Asia, the Middle East, Caribbean and Africa" In the light of current developments resulting in the
Published 25 May, 2005 12:00am
Message from Ontario Progressive Conservative

Message from Ontario Progressive Conservative

I am very pleased that Global Reach International Business Development is organising the International Conference on the Role of Canada in Sustainable Development in Asia, the Middle East, Caribbean and Africa in Toronto in May 2005. Such events, I believ
Published 25 May, 2005 12:00am
Message from Federal Minister for Investment & Privatisation

Message from Federal Minister for Investment & Privatisation

Pakistan is committed to promote multinational and regional trade and development among NAFTA countries specially Canada and America for the economic development and prosperity of the people of the two nations. Global Reach International Joint Venture Exh
Published 25 May, 2005 12:00am
Message from Minister of State for Communications, Pakistan

Message from Minister of State for Communications, Pakistan

I am pleased to learn that Global Research International Business Development Inc is organising an international conference on the Role of Canada in sustainable developments in Asia, the Middle East, Caribbean and Africa, this May in Toronto. Canada. This
Published 25 May, 2005 12:00am
Message from Chairman, Senate of Pakistan

Message from Chairman, Senate of Pakistan

It is a personal privilege to congratulate my fellow countrymen on the occasion of Global Reach 2005, the first even of its kind in Canada. In many ways this is an historic event, one that formally confirms the impotence of global business and multilatera
Published 25 May, 2005 12:00am
Message from President of Islamic Republic of Pakistan

Message from President of Islamic Republic of Pakistan

I am happy to learn that Global Research International Business Development is organising the International Conference on the Role of Canada in Sustainable Development in Asia, the Middle East, Caribbean and Africa at the Metro Toronto Convention Centre,
Published 25 May, 2005 12:00am
Economic Coordination Committee meeting today

Economic Coordination Committee meeting today

The Economic Co-ordination Committee (ECC) of the cabinet, in its meeting here on Wednesday, will review sensitive price indicators including prices of sensitive items, equity-based investment by M/s TRG Pakistan Limited, investment by Pakistani residents
Published 25 May, 2005 12:00am
Economic Coordination Committee meeting today

Economic Coordination Committee meeting today

The Economic Co-ordination Committee (ECC) of the cabinet, in its meeting here on Wednesday, will review sensitive price indicators including prices of sensitive items, equity-based investment by M/s TRG Pakistan Limited, investment by Pakistani residents
Published 25 May, 2005 12:00am
Economic Coordination Committee meeting today

Economic Coordination Committee meeting today

The Economic Co-ordination Committee (ECC) of the cabinet, in its meeting here on Wednesday, will review sensitive price indicators including prices of sensitive items, equity-based investment by M/s TRG Pakistan Limited, investment by Pakistani residents
Published 25 May, 2005 12:00am
World Bank and EU may help in marble sector

World Bank and EU may help in marble sector

The USAID, World Bank and European Union are likely to assist Pakistan in National Strategy Development, value chain analysis and cluster mapping of marble and granite sector. Sanaullah Khan, member of the Marble Sector Working Group (MSWG), constituted b
Published 25 May, 2005 12:00am
World Bank and EU may help in marble sector

World Bank and EU may help in marble sector

The USAID, World Bank and European Union are likely to assist Pakistan in National Strategy Development, value chain analysis and cluster mapping of marble and granite sector. Sanaullah Khan, member of the Marble Sector Working Group (MSWG), constituted b
Published 25 May, 2005 12:00am
World Bank and EU may help in marble sector

World Bank and EU may help in marble sector

The USAID, World Bank and European Union are likely to assist Pakistan in National Strategy Development, value chain analysis and cluster mapping of marble and granite sector. Sanaullah Khan, member of the Marble Sector Working Group (MSWG), constituted b
Published 25 May, 2005 12:00am
Financing allowed for CETPs under LLMS

Financing allowed for CETPs under LLMS

The State Bank of Pakistan (SBP) has allowed financing under the locally manufactured machinery scheme (LMMS) to the machinery for Combined Effluent Treatment Plants (CETPs), to be set up by the trade bodies or industrial areas. In a BPD circular letter n
Published 25 May, 2005 12:00am
Financing allowed for CETPs under LLMS

Financing allowed for CETPs under LLMS

The State Bank of Pakistan (SBP) has allowed financing under the locally manufactured machinery scheme (LMMS) to the machinery for Combined Effluent Treatment Plants (CETPs), to be set up by the trade bodies or industrial areas. In a BPD circular letter n
Published 25 May, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Financing allowed for CETPs under LLMS

Financing allowed for CETPs under LLMS

The State Bank of Pakistan (SBP) has allowed financing under the locally manufactured machinery scheme (LMMS) to the machinery for Combined Effluent Treatment Plants (CETPs), to be set up by the trade bodies or industrial areas. In a BPD circular letter n
Published 25 May, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 24, 2005).
Published 25 May, 2005 12:00am
Canadian companies keen to buy 51 percent stake in PPL

Canadian companies keen to buy 51 percent stake in PPL

Two Canadian energy companies are interested in buying Pakistan''s biggest state-run natural gas producer in a privatisation that has attracted such global power houses as BP PLC, Austrian OMV, and UK-based BG Group PLC. Calgary-based Centurion Energy Int
Published 25 May, 2005 12:00am
Canadian companies keen to buy 51 percent stake in PPL

Canadian companies keen to buy 51 percent stake in PPL

Two Canadian energy companies are interested in buying Pakistan's biggest state-run natural gas producer in a privatisation that has attracted such global power houses as BP PLC, Austrian OMV, and UK-based BG Group PLC. Calgary-based Centurion Energy Inte
Published 25 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 Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Canadian companies keen to buy 51 percent stake in PPL

Canadian companies keen to buy 51 percent stake in PPL

Two Canadian energy companies are interested in buying Pakistan's biggest state-run natural gas producer in a privatisation that has attracted such global power houses as BP PLC, Austrian OMV, and UK-based BG Group PLC. Calgary-based Centurion Energy Inte
Published 25 May, 2005 12:00am
Teams formed to remove faults from telemetry system

Teams formed to remove faults from telemetry system

Special teams have been formed to remove technical faults from the telemetry system, installed at various dams and barrages. According to official sources, three teams have been formed comprising technical staff and engineers for the smooth functioning of
Published 25 May, 2005 12:00am
Teams formed to remove faults from telemetry system

Teams formed to remove faults from telemetry system

Special teams have been formed to remove technical faults from the telemetry system, installed at various dams and barrages. According to official sources, three teams have been formed comprising technical staff and engineers for the smooth functioning of
Published 25 May, 2005 12:00am
Teams formed to remove faults from telemetry system

Teams formed to remove faults from telemetry system

Special teams have been formed to remove technical faults from the telemetry system, installed at various dams and barrages. According to official sources, three teams have been formed comprising technical staff and engineers for the smooth functioning of
Published 25 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 Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Mohib Textile last buyer seeks review

Mohib Textile last buyer seeks review

Mohib Textile Mills of Muzzafargarh last buyer has filed with the Supreme Court request for review on its judgement ordering re-auctioning of the liquidated firm. Syed Ali Zafar and Haider Zaman Qureshi filed the review request on behalf of Harrappa and G
Published 25 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 Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Comedian Rangeela passes away

Comedian Rangeela passes away

Renowned comedian Saeed Khan, popularly known as Rangeela, passed away here on Tuesday after protracted illness. Sixty-four-year-old Rangeela has left behind 11 children, six daughters and five sons, from his three marriages. He was suffering from liver a
Published 25 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 Tuesday (May 24, 2005).

Published 25 May, 2005 12:00am
Comedian Rangeela passes away

Comedian Rangeela passes away

Renowned comedian Saeed Khan, popularly known as Rangeela, passed away here on Tuesday after protracted illness. Sixty-four-year-old Rangeela has left behind 11 children, six daughters and five sons, from his three marriages. He was suffering from liver a
Published 25 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 25 May, 2005 12:00am
Commerce offers R&D support for garment exporters

Commerce offers R&D support for garment exporters

Commerce Ministry has notified Research and Development (R&D) support to textile garment exporters, at the rate of 6 percent of FOB value of exports, with effect from April 12, 2005 An SRO, No 437(1)/2005, issued by the Ministry on May 18, 2005, said that
Published 25 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 25 May, 2005 12:00am
Commerce offers R&D support for garment exporters

Commerce offers R&D support for garment exporters

Commerce Ministry has notified Research and Development (R&D) support to textile garment exporters, at the rate of 6 percent of FOB value of exports, with effect from April 12, 2005 An SRO, No 437(1)/2005, issued by the Ministry on May 18, 2005, said that
Published 25 May, 2005 12:00am
Commerce offers R&D support for garment exporters

Commerce offers R&D support for garment exporters

Commerce Ministry has notified Research and Development (R&D) support to textile garment exporters, at the rate of 6 percent of FOB value of exports, with effect from April 12, 2005 An SRO, No 437(1)/2005, issued by the Ministry on May 18, 2005, said that
Published 25 May, 2005 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

The average price of Bangladesh teas rose nearly 2.0 percent to 78.45 taka ($1.23) per kg on higher demand at the weekly auction on Tuesday, brokers said. "Some 1.03 million kg were sold at an average price of 78.45 taka per kg, up 1.45 taka from the last
Published 25 May, 2005 12:00am
Commerce offers R&D support for garment exporters

Commerce offers R&D support for garment exporters

Commerce Ministry has notified Research and Development (R&D) support to textile garment exporters, at the rate of 6 percent of FOB value of exports, with effect from April 12, 2005 An SRO, No 437(1)/2005, issued by the Ministry on May 18, 2005, said that
Published 25 May, 2005 12:00am
Grain exports from Rouen port

Grain exports from Rouen port

Grain exports from the French port of Rouen totalled 311,070 tonnes for May 1-18, including 260,441 tonnes of wheat and 50,629 of barley, port officials said on Tuesday. That compared with total grain exports of 570,000 tonnes in the whole of May last yea
Published 25 May, 2005 12:00am
Indian defence team due today

Indian defence team due today

An eight-member Indian delegation led by Indian Secretary Defence is arriving on a three-day official visit here on Wednesday. Indian Secretary Defence will hold talks, already scheduled for May 26-27, with his counterpart Lieutenant General Tariq Waseem
Published 25 May, 2005 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Tuesday, tracking on lower fuel oil cargo values and strengthening the bunker/cargo premium, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $251-$253 a tonne, down $5 from last Friday, with the bun
Published 25 May, 2005 12:00am
Cabinet to ratify Pak-Iran tariff concession agreement

Cabinet to ratify Pak-Iran tariff concession agreement

The Cabinet in its meeting here on Wednesday will ratify the agreement regarding tariff concessions between Pakistan and Iran, sources in Commerce Ministry told Business Recorder. Pakistan had signed a Preferential Trade Agreement (PTA) with the Ir
Published 25 May, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 65,224 tonnes of cargo including 54,860 tonnes import and 10,364 tonnes export cargo including 1,551 containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 28,994 tonnes dry cargo including 16,936
Published 25 May, 2005 12:00am
Cabinet to ratify Pak-Iran tariff concession agreement

Cabinet to ratify Pak-Iran tariff concession agreement

The Cabinet in its meeting here on Wednesday will ratify the agreement regarding tariff concessions between Pakistan and Iran, sources in Commerce Ministry told Business Recorder. Pakistan had signed a Preferential Trade Agreement (PTA) with the Ir
Published 25 May, 2005 12:00am
US Midwest corn firm, soya weaker

US Midwest corn firm, soya weaker

Spot corn basis bids were steady to weaker in the US Midwest interior early on Tuesday, and soyabean basis levels were mostly steady to weaker, on pressure from Monday's futures rally and active country movement, merchandisers said. Weak CIF Gulf barge va
Published 25 May, 2005 12:00am
Cabinet to ratify Pak-Iran tariff concession agreement

Cabinet to ratify Pak-Iran tariff concession agreement

The Cabinet in its meeting here on Wednesday will ratify the agreement regarding tariff concessions between Pakistan and Iran, sources in Commerce Ministry told Business Recorder. Pakistan had signed a Preferential Trade Agreement (PTA) with the Ir
Published 25 May, 2005 12:00am
FOB Gulf corn steady, soya lower

FOB Gulf corn steady, soya lower

US FOB Gulf corn basis offers were steady on Monday, while soyabeans were lower amid poor demand and a pick up in grain movement, traders said. Farmers sold sizeable quantities of corn and smaller amounts of soyabeans as CBOT futures rallied on concerns o
Published 25 May, 2005 12:00am
UK's Britannia buys Bristol & West branches

UK's Britannia buys Bristol & West branches

Britannia Building Society is to pay 150 million pounds (218 million euros) for Bank of Ireland's Bristol & West branches in what it said marked the first time a former building society was returned to customer ownership. "This is a major strategic move f
Published 25 May, 2005 12:00am
Ivory Coast cocoa farmgate prices mixed

Ivory Coast cocoa farmgate prices mixed

Farmgate prices in Ivory Coast's cocoa regions were mixed from May 16 to 22, data from the Coffee and Cocoa Bourse showed on Tuesday, with poor bean quality in some areas but demand from foreign buyers in others. In the western town of Daloa, which produc
Published 25 May, 2005 12:00am
Freddie Mac's retained portfolio grows in April

Freddie Mac's retained portfolio grows in April

Freddie Mac's retained portfolio grew at an annualised rate of 9.8 percent in April, the third consecutive time it expanded its book of mortgage investments in six months, the company said on Tuesday. Freddie Mac, the second largest US mortgage finance co
Published 25 May, 2005 12:00am