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Print - 2006-09-15
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Both the Senate and the National Assembly were in session on Thursday but there is nothing to report from the Ringside Seat. This scribe along with all other reporters who cover parliamentary proceedings had vacated the press galleries of both the Houses
Published 15 Sep, 2006 12:00am
Anti-counterfeiting as global threat, global right discussed

Anti-counterfeiting as global threat, global right discussed

Iftikhar Rashid, the Chairman Pemra on Thursday addressed a session of the WIPO National Workshop on Enforcement of Intellectual Property Rights organised by the WIPO in co-operation with the Intellectual Property Organisation of Pakistan (IPO-Pakistan),
Published 15 Sep, 2006 12:00am
Karachi Electronics and Electrical Fair opens

Karachi Electronics and Electrical Fair opens

The first Karachi Electronics and Electrical Fair (KEEF) 2006 was inaugurated at Karachi Expo Centre here on Thursday. Sindh Industries Minister, Adil Siddiqui inaugurated the exhibition, organised by Karachi Electronics Dealers Association where a wide v
Published 15 Sep, 2006 12:00am
CBR sees 20 percent growth in tax return filers

CBR sees 20 percent growth in tax return filers

Central Board of Revenue (CBR) chairman and Revenue Division secretary-general Abdullah Yusuf has said the board is anticipating 20 percent growth in the number of income tax return filers during the current fiscal year, reflecting growing confidence of t
Published 15 Sep, 2006 12:00am
Consensus on women bill hailed

Consensus on women bill hailed

Pak Women Welfare Association (PWWA) on Wednesday said that Women Protection Bill would increase the honour and dignity of women in the society.
Published 15 Sep, 2006 12:00am
NetSol rings closing bell at Nasdaq

NetSol rings closing bell at Nasdaq

NetSol Technologies Inc Chairman Najeeb U Ghauri rang the Nasdaq Stock Market closing bell in New York on Wednesday, along with the company's Chief Executive Officer of United States Operations, John McCue.
Published 15 Sep, 2006 12:00am
Book launched

Book launched

Oxford University Press on Thursday launched an inspiring book titling 8:50 am 8 October 2005: Stories of Hope and Courage from the Earthquake in Pakistan compiled by Fatima Bhutto.
Published 15 Sep, 2006 12:00am
Synergy launches website

Synergy launches website

Synergy Group, the fastest growing and leading Integrated Marketing and Communications Group in Pakistan has officially launched first fully interactive advertising, marketing and media portal titled www.brandsvnario.com.
Published 15 Sep, 2006 12:00am
Nasrullah's death anniversary

Nasrullah's death anniversary

The third death anniversary of veteran politician Nawabzada Nasrullah Khan would be held at Lahore on September 27. Quran Khawni and prayers would be offered at Nicholson Road office of ARD Punjab on the occasion.
Published 15 Sep, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (September 14, 2006).

Published 15 Sep, 2006 12:00am
Low turnout of voters in KCCI polls likely

Low turnout of voters in KCCI polls likely

Businessmen Group (BMG) Siraj Kasim Teli faction making its best efforts to mobilise members of Karachi Chamber of Commerce and Industry (KCCI) to come on election day and use their voting rights. Karachi Chamber has 8,956 members having voting rights.
Published 15 Sep, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (September 14, 2006).

Published 15 Sep, 2006 12:00am
State Life convention

State Life convention

State Life Insurance Corporation of Pakistan is holding its three days annual convention 2006 from September 18-20, at Bhurban, Murree. Kamal Afsar, Chairman State Life will inaugurate the convention. Executive directors, State Life regional chiefs and zo
Published 15 Sep, 2006 12:00am
Incentives sought to boost carpet export

Incentives sought to boost carpet export

Country's carpet export target has been missed by approximately $26 million, set for the last financial year (2005-06) due to inefficient marketing strategy and increased market share of China, India, and Afghanistan in the world market, trade sources tol
Published 15 Sep, 2006 12:00am
ICAP office-bearers

ICAP office-bearers

The Council of the Institute of Chartered Accountants of Pakistan (ICAP) has elected new office bearers and Nasim Haider, FCA, being the president. Nasim is also serving on the executive board of Confederation of Asian and Pacific Accountants (CAPA) as a
Published 15 Sep, 2006 12:00am
Economy to grow close to 7 percent: Shamshad

Economy to grow close to 7 percent: Shamshad

State Bank governor said on Thursday the economy would expand by close to 7 percent this fiscal year and that tight monetary policy was helping control demand without stifling growth.
Published 15 Sep, 2006 12:00am
11 killed in AJK road accident

11 killed in AJK road accident

At least 11 people were killed and 24 others sustained injuries when a passenger bus lost control and plunged into River Neelum near Keil Seri in the jurisdiction of Police Station Sharda, on late Wednesday evening, police said.
Published 15 Sep, 2006 12:00am
Chances of rain in Lahore

Chances of rain in Lahore

Local Met office has forecasted a partly cloudy weather with chances of thunder-storm and rain during the next 24 hours in the city and its suburbs. Met Office has also forecasted scattered thunderstorm/rain in Gujranwala, Rawalpindi and Sargodha regions.
Published 15 Sep, 2006 12:00am
CVT on real estate clarified

CVT on real estate clarified

The Central Board of Revenue (CBR) has clarified that the capital value tax (CVT) would not be applicable on the registration of mortgage deed in favour of a bank (without power of attorney).
Published 15 Sep, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (September 14, 2006).

Published 15 Sep, 2006 12:00am
SCO shares common values of peace, stability: Prime Minister

SCO shares common values of peace, stability: Prime Minister

Prime Minister Shaukat Aziz arrived here on Thursday on a two-day official visit to represent Pakistan at the Shanghai Co-operation Organisation (SCO), which meets here to discuss co-operation in economy, telecommunications, transport, energy and other fi
Published 15 Sep, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 14, 2006).
Published 15 Sep, 2006 12:00am
Vehicle registration database likely

Vehicle registration database likely

The federal government is likely to establish a central database for vehicle registration at the provincial level to check non-duty/tax paid imported vehicles, official sources told Business Recorder here on Thursday.
Published 15 Sep, 2006 12:00am
Vehicle registration database likely

Vehicle registration database likely

The federal government is likely to establish a central database for vehicle registration at the provincial level to check non-duty/tax paid imported vehicles, official sources told Business Recorder here on Thursday.
Published 15 Sep, 2006 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 Thursday (September 14, 2006).

Published 15 Sep, 2006 12:00am
Vehicle registration database likely

Vehicle registration database likely

The federal government is likely to establish a central database for vehicle registration at the provincial level to check non-duty/tax paid imported vehicles, official sources told Business Recorder here on Thursday.
Published 15 Sep, 2006 12:00am
Vehicle registration database likely

Vehicle registration database likely

The federal government is likely to establish a central database for vehicle registration at the provincial level to check non-duty/tax paid imported vehicles, official sources told Business Recorder here on Thursday.
Published 15 Sep, 2006 12:00am
Pakistan''s foreign exchange reserves rise by $0.5 million

Pakistan''s foreign exchange reserves rise by $0.5 million

Foreign exchange reserves rise by $0.5 million to $12,570.1 million in the week ending on September 09, the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP fell to $10200.3 million from $10,209.5 million a week earlier, while those
Published 15 Sep, 2006 12:00am
Pakistan's foreign exchange reserves rise by $0.5 million

Pakistan's foreign exchange reserves rise by $0.5 million

Foreign exchange reserves rise by $0.5 million to $12,570.1 million in the week ending on September 09, the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP fell to $10200.3 million from $10,209.5 million a week earlier, while those
Published 15 Sep, 2006 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 Thursday (September 14, 2006).

Published 15 Sep, 2006 12:00am
Pakistan's foreign exchange reserves rise by $0.5 million

Pakistan's foreign exchange reserves rise by $0.5 million

Foreign exchange reserves rise by $0.5 million to $12,570.1 million in the week ending on September 09, the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP fell to $10200.3 million from $10,209.5 million a week earlier, while those
Published 15 Sep, 2006 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 Thursday (September 14, 2006).

Published 15 Sep, 2006 12:00am
Chinese team to visit coal sites today

Chinese team to visit coal sites today

A nine-member Chinese delegation is visiting coal sites from Friday, officials in the Sindh Coal Authority told Business Recorder on Thursday. The delegation comprises of M/s Golden Concord (Singapore) Energy Investment Holding (Pvt) Limited and Ch
Published 15 Sep, 2006 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 Thursday (September 14, 2006).

Published 15 Sep, 2006 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 15 Sep, 2006 12:00am
Ten oil companies may renegotiate drill leases: US

Ten oil companies may renegotiate drill leases: US

The US Interior Department told Congress on Thursday that about 10 oil companies have shown an interest in renegotiating drilling leases that at present would allow the companies to avoid paying billions of dollars in royalties normally owed on oil and na
Published 15 Sep, 2006 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 15 Sep, 2006 12:00am
Indonesia battles corruption to woo investment

Indonesia battles corruption to woo investment

Indonesia, struggling to lure foreign investment it needs to help build roads, ports and power plants, is tackling corruption and red tape to make itself an attractive destination, its finance minister said on Thursday.
Published 15 Sep, 2006 12:00am
Ford may lose up to $9 billion this year

Ford may lose up to $9 billion this year

Ford Motor Co could post a pretax loss of $8 billion to $9 billion this year because of losses at its automotive operations and charges for restructuring, the Detroit News reported on Thursday, citing unnamed Ford sources. "We're not commenting on specula
Published 15 Sep, 2006 12:00am
Ford may lose up to $9 billion this year

Ford may lose up to $9 billion this year

Ford Motor Co could post a pretax loss of $8 billion to $9 billion this year because of losses at its automotive operations and charges for restructuring, the Detroit News reported on Thursday, citing unnamed Ford sources. "We're not commenting on specula
Published 15 Sep, 2006 12:00am
NOBLE TRADERS: A Commodity Trading House

NOBLE TRADERS: A Commodity Trading House

The sister concern of UNIVERSAL GROUP was established in 1977 in Karachi's wholesale trading center 'Jodia Bazar' as a trading house. The company has its liaison offices in Peshawar and Quetta for supply, procurement and sale of various Agro-commodities.
Published 15 Sep, 2006 12:00am
Indian fuel dealers say Reliance forcing them to shut

Indian fuel dealers say Reliance forcing them to shut

Indian gasoline station owners selling fuel for Reliance Industries Ltd, the country's biggest private oil refiner, are complaining that the company is forcing them to shut their businesses to boost its product exports instead.
Published 15 Sep, 2006 12:00am
Long Grain Rice Mills - Profile

Long Grain Rice Mills - Profile

Long Grain Rice Mills (LGRM) is an export oriented firm. This firm is a fast-growing, highly respected company that to be preferred, trusted and successful long-term partner for is clients, partners, associates, and its employees. Long Grain Rice Mills' a
Published 15 Sep, 2006 12:00am
Suez Canal reopens to very large ships

Suez Canal reopens to very large ships

The Suez Canal reopened to very large vessels including supertankers on Thursday after the authorities introduced special procedures in the deeper eastern channel, which is partially blocked by a sunken dredger.
Published 15 Sep, 2006 12:00am
MAZCO Industries (Pvt) Limited - Profile

MAZCO Industries (Pvt) Limited - Profile

MAZCO Industries (Pvt) Ltd is a part of Azhar Group of Companies dealing with rice milling & export. Since 1947 we are involved in rice growing, development experiments and quality improvement as growers.
Published 15 Sep, 2006 12:00am
Gemstar lands license agreement with Yahoo

Gemstar lands license agreement with Yahoo

Gemstar-TV Guide International Inc on Thursday said it has signed an license agreement with Yahoo Inc to offer its television program guides online. The TV Guide brand will also be promoted across some of Yahoo's properties as part of the agreement. No fi
Published 15 Sep, 2006 12:00am
Aftab Corporation: a pioneer in basmati rice export

Aftab Corporation: a pioneer in basmati rice export

The foundation of Aftab Corporation was laid down in 1966 by late Mr Muhammad Uzair, having vast experience in Rice Trade, the Chief Executive was always destined and confident that the private sector could manage export of rice effectively for enhancing
Published 15 Sep, 2006 12:00am
ISE index up 7.73 points

ISE index up 7.73 points

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based recovery under the lead of trend-setters amid increase in index. Brokers said the fresh buying spree in hot favourites moved the entire ready-boa
Published 15 Sep, 2006 12:00am
USD 1 billion exports of rice

USD 1 billion exports of rice

Rice Export Association of Pakistan (REAP) is that institution which has over the last few years shown dynamism and professionalism and it is only because of hard efforts to put in export standards that Pakistan Rice is now reaching for the first time an
Published 15 Sep, 2006 12:00am
ISE index up 7.73 points

ISE index up 7.73 points

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based recovery under the lead of trend-setters amid increase in index. Brokers said the fresh buying spree in hot favourites moved the entire ready-boa
Published 15 Sep, 2006 12:00am
Rice status in Pakistan

Rice status in Pakistan

Agriculture is the largest sector and driving force of the economy of Pakistan and accounts for 25% of GDP, provides livelihood to 60% of the people living in rural areas, employs 46% of labour force and its share of export earnings accounts to 60%.
Published 15 Sep, 2006 12:00am
Mixed trend on LSE

Mixed trend on LSE

Equities moved both the ways on Lahore Stock Exchange (LSE), but finally settled in positive zone with the support of the banking sector amid reduced transaction volume, while the retail investors remained on the sidelines.
Published 15 Sep, 2006 12:00am
Rice market of Russia

Rice market of Russia

Russia is known as one of the lucrative rice market in the world as the consumption of rice in Russia is 700,000 tones per year. 80% of market demand is fulfilled by imported rice. About 200-250000 tons are of rice produced in Russia in Krasnodarskiy Regi
Published 15 Sep, 2006 12:00am
Mixed trend on LSE

Mixed trend on LSE

Equities moved both the ways on Lahore Stock Exchange (LSE), but finally settled in positive zone with the support of the banking sector amid reduced transaction volume, while the retail investors remained on the sidelines.
Published 15 Sep, 2006 12:00am
Message from Secretary Rice Export Association of Pakistan

Message from Secretary Rice Export Association of Pakistan

It has been pleasure working for REAP. The hard work and dedication which is apparent in all endeavours this association undertakes, has resulted in unprecedented success this year. Although there is hierarchy, like all organisations, the greatest motivat
Published 15 Sep, 2006 12:00am
Food inflation hits double digits

Food inflation hits double digits

Once again, the rising inflation, particularly of food items, is becoming a nightmare for economic managers, which (food inflation) during August 2006 leaped to double digits (11.08 percent) from 7.44 percent a month earlier; thus, snatching the purchasin
Published 15 Sep, 2006 12:00am
Message from Chief Executive Long Grain Rice Mills (Private) Limited

Message from Chief Executive Long Grain Rice Mills (Private) Limited

The mission of Long Grain Rice Mills is to promote Export of Pakistani Rice under Agricultural Products of Pakistan. Customer's taste and requirement is always of our first preference. We are processing and supplying finest Rice of Pak Basmati and Non-Bas
Published 15 Sep, 2006 12:00am
Food inflation hits double digits

Food inflation hits double digits

Once again, the rising inflation, particularly of food items, is becoming a nightmare for economic managers, which (food inflation) during August 2006 leaped to double digits (11.08 percent) from 7.44 percent a month earlier; thus, snatching the purchasin
Published 15 Sep, 2006 12:00am
Message from Chief Executive Aftab Corporation

Message from Chief Executive Aftab Corporation

I am much thankful to the Chairman of REAP Mr Haji Abdul Majeed and all members of Managing Committee as well as Sub-Committee headed by Abdul Rahim Janoo, formed by REAP for organising the REAP 3rd Export Trophy Award.
Published 15 Sep, 2006 12:00am
Food inflation hits double digits

Food inflation hits double digits

Once again, the rising inflation, particularly of food items, is becoming a nightmare for economic managers, which (food inflation) during August 2006 leaped to double digits (11.08 percent) from 7.44 percent a month earlier; thus, snatching the purchasin
Published 15 Sep, 2006 12:00am
Message from Chairman REAP

Message from Chairman REAP

Being an eternal optimist, and having complete faith in my fellow members and workers of the Rice Exporters Association of Pakistan (REAP), I have no qualms in saying that like the previous few years, the Association's performance this year too was nothin
Published 15 Sep, 2006 12:00am
PTCL declares Rs 20.777 billion profit

PTCL declares Rs 20.777 billion profit

The Pakistan Telecommunication Company Limited (PTCL) has announced a final cash dividend for the year ended June 30, 2006, at Rs 2.00 per share ie 20 percent. This is in addition to interim dividend already paid at Rs 3.00 per share ie 30 percent.
Published 15 Sep, 2006 12:00am
Message from Chairman Karachi Port Trust

Message from Chairman Karachi Port Trust

I complement the Rice Exporters of Pakistan on achieving new thresholds of success. The third Export Award Ceremony is a testimonial in itself of the milestones that the Association has achieved both for the Country as well as for itself.
Published 15 Sep, 2006 12:00am
PTCL declares Rs 20.777 billion profit

PTCL declares Rs 20.777 billion profit

The Pakistan Telecommunication Company Limited (PTCL) has announced a final cash dividend for the year ended June 30, 2006, at Rs 2.00 per share ie 20 percent. This is in addition to interim dividend already paid at Rs 3.00 per share ie 30 percent.
Published 15 Sep, 2006 12:00am
Message from Governor State Bank of Pakistan

Message from Governor State Bank of Pakistan

I am pleased to learn that the Rice Exporters' Association of Pakistan (REAP) is holding the third Export Awards Ceremony in Karachi on 29th July, 2006. This is a reflection of their ongoing efforts to promote Pakistan's rice exports.
Published 15 Sep, 2006 12:00am
PTCL declares Rs 20.777 billion profit

PTCL declares Rs 20.777 billion profit

The Pakistan Telecommunication Company Limited (PTCL) has announced a final cash dividend for the year ended June 30, 2006, at Rs 2.00 per share ie 20 percent. This is in addition to interim dividend already paid at Rs 3.00 per share ie 30 percent.
Published 15 Sep, 2006 12:00am
Message from Chairman Senate

Message from Chairman Senate

I am delighted to learn that the Rice Exporters Association of Pakistan has organised the third Export Trophy Awards Ceremony in the 2nd week of the current month.
Published 15 Sep, 2006 12:00am
PTCL declares Rs 20.777 billion profit

PTCL declares Rs 20.777 billion profit

The Pakistan Telecommunication Company Limited (PTCL) has announced a final cash dividend for the year ended June 30, 2006, at Rs 2.00 per share ie 20 percent. This is in addition to interim dividend already paid at Rs 3.00 per share ie 30 percent.
Published 15 Sep, 2006 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

I am pleased to learn that Rice Exporters Association of Pakistan (REAP) is holding its 3rd Export Award Ceremony to acknowledge achievements of rice exporters who have done outstandingly well in their field. I congratulate the Award Winner and wish them
Published 15 Sep, 2006 12:00am
BRIndex30 up 37.15 points

BRIndex30 up 37.15 points

On Thursday, the BRIndex30 opened at 10,663.49 in the green zone with a upward gap of 60.78 points. It closed at 10,639.86 with a positive change of 37.15 or 0.35 percent. It experienced intra-day high of 10,737.69 and low of 10,520.34 with volume of 94,6
Published 15 Sep, 2006 12:00am