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Print - 2005-09-07
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 07 Sep, 2005 12:00am
550 more illegal houses demolished

550 more illegal houses demolished

The Capital Development Authority (CDA) has demolished 550 more illegal structures in its ongoing campaign against encroachers in I-11 sector of the federal capital, a CDA official said on Tuesday.
Published 07 Sep, 2005 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 07 Sep, 2005 12:00am
PIA to be made service-oriented entity: Kirmani

PIA to be made service-oriented entity: Kirmani

Pakistan International Airlines would be made a world class service-oriented airline, PIA Chairman and Chief Executive Officer Tariq Kirmani said on Tuesday. The national flag carrier would have competitive fares more frequencies and direct flights to dif
Published 07 Sep, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Katrina toll: Kasuri condoles with Rice

Katrina toll: Kasuri condoles with Rice

Foreign Minister Khurshid M. Kasuri on Tuesday expressed deep condolences over loss of life and widespread damage caused by hurricane Katrina in US southern regions and offered Pakistan's assistance in relief efforts.
Published 07 Sep, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Construction of two reservoirs to start soon: Afgan

Construction of two reservoirs to start soon: Afgan

Minister for Parliamentary Affairs Dr Sher Afgan Khan Niazi on Tuesday said construction work on two big water reservoirs would start during current year. Speaking in a PTV programme, he said there would be shortage of water for irrigation and other purpo
Published 07 Sep, 2005 12:00am
Key stock market movements at 1700 GMT on September 06

Key stock market movements at 1700 GMT on September 06

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 07 Sep, 2005 12:00am
'Wapda generates 6.5 percent more power'

'Wapda generates 6.5 percent more power'

Water and Power Development Authority (Wapda) generated 6.5 percent more power during 2005 than the last year's production. The hydropower share in the overall power generated in the country has reduced by 35 percent showing decrease of 4.7 percent.
Published 07 Sep, 2005 12:00am
Minister vows to develop Railways infrastructure

Minister vows to develop Railways infrastructure

Planning is being devised to develop infrastructure of railways in a bid to cope with rising energy prices, Minister of State for Railways Ishaq Khan Khakwani said on Monday.
Published 07 Sep, 2005 12:00am
CBR chairman holds press briefing in Quetta today

CBR chairman holds press briefing in Quetta today

Central Board of Revenue (CBR) Chairman Abdullah Yusuf will attend a briefing at the Customs Collectorate, Quetta and review its performance on Wednesday. The Chairman will also visit the newly established Medium Taxpayers Unit (MTU), which has been set u
Published 07 Sep, 2005 12:00am
Thailand exhibition from September 10

Thailand exhibition from September 10

A three-day Thailand exhibition- 2005 will be held here at a local hotel from September 10 to 12. The exhibition is being organised by the Department of Export Promotion, Ministry of Commerce, Royal Thai government in association with Royal Thai Consulate
Published 07 Sep, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Telenor's 150th anniversary

Telenor's 150th anniversary

Telenor is celebrating its 150th anniversary. The celebration is a commemoration of Telenor's history of providing innovation and cutting-edge technology in the telecom field as well as positive nod to an inspiring future.
Published 07 Sep, 2005 12:00am
Plight of FPSC

Plight of FPSC

As per the print media reports, the service tenure of 3 out of the 5 members of the Federal Public Service Commission (FPSC) has been curtailed from five years to three years through a presidential proclamation. Resultantly, three members will stand relie
Published 07 Sep, 2005 12:00am
Détente with Israel

Détente with Israel

"It is not good to gift Israel before it really implements the peace process," says an official of the Palestinian Authority, in reaction to the historic meeting between the foreign ministers of Pakistan and Israel!
Published 07 Sep, 2005 12:00am
Norwegians set to swing left in vote despite boom

Norwegians set to swing left in vote despite boom

It should be a prime minister's dream re-election scenario - strong oil-based economic growth, low unemployment and the kudos of seeing your country rated best place to live in the world by the United Nations. It's all come true for Norway's centre-right
Published 07 Sep, 2005 12:00am
The 'dumbing down' of American mind

The 'dumbing down' of American mind

There is a very dangerous phenomenon that seems to be occurring in the United States of America; something that I refer to as "the dumbing-down of the American mind," a nearly willful tendency for Americans to forgo reality in favour of believing what the
Published 07 Sep, 2005 12:00am
An incomprehensible claim

An incomprehensible claim

The steady rise in the international oil price has made serious dents in the growth targets of all countries, developed as well as developing. The reasons are largely related to America's war on terror extending to its occupation of Iraq and the consequen
Published 07 Sep, 2005 12:00am
Wisdom demands reconciliation, not a showdown

Wisdom demands reconciliation, not a showdown

The government's conduct of the last month's local bodies elections seems to have acted as the proverbial last straw on the camel's back for the Opposition parties which, for long, have been accusing the government of resorting to political engineering an
Published 07 Sep, 2005 12:00am
Soomro to lead Pakistani team for World Speakers moot

Soomro to lead Pakistani team for World Speakers moot

Chairman Senate, Mohammedmian Soomro will represent Pakistan's Parliamentary delegation at the 2nd World Conference of Speakers of Parliaments (WcoSoP) scheduled to be hold from September 7 to 9, in New York.
Published 07 Sep, 2005 12:00am
Defence Day celebrated with fervour in Peshawar

Defence Day celebrated with fervour in Peshawar

The Defence Day of Pakistan was observed with traditional fervour and solemnity in all cantonments of NWFP, says an ISPR press release issued here on Tuesday.
Published 07 Sep, 2005 12:00am
Kashmiris observe Defence of Pakistan Day

Kashmiris observe Defence of Pakistan Day

Kashmiris living at both sides of the line of control - Azad Jammu Kashmir and Indian held Jammu Kashmir - as well as rest of the world observed the Defence Day of Pakistan on Tuesday with great enthusiasm, devotion and due solemnity coupled with renewal
Published 07 Sep, 2005 12:00am
'People suffering due to lack of leadership'

'People suffering due to lack of leadership'

Federal Parliamentary Secretary for Cabinet Division Dr Firdous Ashiq Awan said that people are suffering adversely due to the lack of leadership, and the people were deprived of their fundamental rights by the leaders of the country.
Published 07 Sep, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (September 06, 2005) and Wednesday (September 07, 2005).
Published 07 Sep, 2005 12:00am
Ahmad Mughal posted as general manager finance

Ahmad Mughal posted as general manager finance

Director General (Costing) Wapda, Ahmad Nawaz Mughal has been posted as General Manager Finance (Power) while Anwar-ul-Haq, Finance Director Jamshoro Power Company Limited has been posted as Director General (Costing) Wapda Lahore on current charge basis.
Published 07 Sep, 2005 12:00am
253,410 cusecs water released from reservoirs

253,410 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Tuesday released 253,410 cusecs water from various rim stations. According to Irsa sources, an overall water inflow from various reservoirs recorded on Tuesday was at 259,159 cusecs.
Published 07 Sep, 2005 12:00am
21 more GPOs to be computerised by June

21 more GPOs to be computerised by June

Pakistan Postal Services Corporation (PPSC) has initiated work to computerise 21 more general post offices by June next year, according to PPSC Deputy Director General Ghulam Panjtan Rizvi. He told APP in an interview the plan would be carried out within
Published 07 Sep, 2005 12:00am
MTF calls report for setting up AEPZ

MTF calls report for setting up AEPZ

A special committee of Mango Task Force (MTF) has sought a report from patwaris to discuss possibility of setting up agriculture export processing zone or at least some storage and fruit processing facilities, particularly for mango, near new fruit and ve
Published 07 Sep, 2005 12:00am
Container traffic: Railways to enter agreement with PRACS

Container traffic: Railways to enter agreement with PRACS

Pakistan Railway would enter into an agreement with Pakistan Railways Advisory and Consultancy Services (PRACS), a public limited company, mandating PRACS to take over the task of commercial management, monitoring and customer facilitation of container tr
Published 07 Sep, 2005 12:00am
Daewoo service

Daewoo service

Daewoo Pakistan Express Bus Service is launching a new bus service from Faisalabad to Dera Ismail Khan from Wednesday. In this regard an inaugural ceremony will be held at Faisalabad terminal of Daewoo here at 3.00 pm on September 7.
Published 07 Sep, 2005 12:00am
Sarabjit was involved in Multan blast

Sarabjit was involved in Multan blast

Sarabjit Singh, an agent of Indian secret agency 'Raw', was involved in bomb blast at the general bus stand in Multan on July 7, 1990, in which four persons were killed and another nine injured. He had confessed that he was involved in five bomb blasts in
Published 07 Sep, 2005 12:00am
Women moot begins today

Women moot begins today

A two-day inter-regional conference on 'Violence against women' would start here from September 7. The conference would be attended by 65 delegates from 25 countries including USA, UK, Sweden, Canada, Norway and Saudi Arabia.
Published 07 Sep, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (September 06, 2005) and the forecast for Wednesday (September 07).
Published 07 Sep, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 07 Sep, 2005 12:00am
'PML to sweep Nazim polls in Rawalpindi'

'PML to sweep Nazim polls in Rawalpindi'

Pakistan Muslim League (PML) is enjoying the support of more than 125 union council Nazims out of 170, and it would sweep the elections for the slot of district and tehsil Nazims in Rawalpindi district, said Provincial Minister for Local Government and La
Published 07 Sep, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
PPPP body meets

PPPP body meets

Pakistan Peoples Party Parliamentarian (PPPP) Lahore co-ordination committee which met here on Tuesday evaluated party's performance in the recently held local body polls. The meeting that was attended by Jahangir Badr, Qasim Zia, Navid Chaudhry and other
Published 07 Sep, 2005 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 07 Sep, 2005 12:00am
Tax authorities asked to improve 'Nexus'

Tax authorities asked to improve 'Nexus'

The income tax department has asked the tax authorities to improve the computer programme "Nexus" for searching the new taxpayers and broadening the tax base in 2005-2006. The CBR has termed "Nexus" as a major tool for brining the prospective taxpayers wi
Published 07 Sep, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Eight adjournment motions submitted in National Assembly

Eight adjournment motions submitted in National Assembly

Nightmare continues for the Shaukat Aziz-led administration, as the chair once again abruptly adjourned the session on Tuesday sensing strong criticism by the opposition as well as some treasury members over unprecedented price hike in petroleum products.
Published 07 Sep, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Sep, 2005 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Since September 6, 1965 when war broke out between Pakistan and India, it was the first time that our National Assembly was in the session here on Tuesday. Forty years down the road everything - values, concepts, perceptions - has metamorphosed, but what
Published 07 Sep, 2005 12:00am
Joint opposition to stage sit-in outside Parliament on September 9

Joint opposition to stage sit-in outside Parliament on September 9

In a significant move, joint opposition on Tuesday decided to stage a sit-in in front of the Parliament against military dictatorship, price hike, unemployment, lawlessness and rigging in the local bodies elections on Friday to mark countrywide strike.
Published 07 Sep, 2005 12:00am
'Strike will be a referendum against rulers'

'Strike will be a referendum against rulers'

Opposition strike on September 9 would prove to be a referendum against rulers, who have rigged the local government elections to install puppets of their choice.
Published 07 Sep, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Sep, 2005 12:00am
Opposition lawmaker calls for dialogue with military

Opposition lawmaker calls for dialogue with military

Opposition lawmaker Mahmood Khan Achakzai on Tuesday called for holding dialogue with the military to send them back to barracks and let the politicians do their job. It was for the first time that the National Assembly was in session on the Defence Day w
Published 07 Sep, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 07 Sep, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 07 Sep, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
World Bank satisfied with FPSC capacity-building project

World Bank satisfied with FPSC capacity-building project

The World Bank (WB) has expressed satisfaction over the overall progress of the Federal Public Service Commission (FPSC) capacity-building project and has greatly appreciated the steps being undertaken by the commission for revamping the CSS competitive e
Published 07 Sep, 2005 12:00am
Youth delegation to visit China in November

Youth delegation to visit China in November

Minister of state for sports and culture Senator Muhammad Ali Durrani on Tuesday said normal ties between India and Pakistan could be established without the settlement of Kashmir dispute. "Time is near when Kashmir will formally become part of Pakistan b
Published 07 Sep, 2005 12:00am
LHC issues notice to secretary archaeology

LHC issues notice to secretary archaeology

The Lahore High Court (LHC) has issued notice to secretary archaeology in a petition filed by one Muhammad Shafi, praying to the court to declare the appointment of respondent Muhammad Shafiq as Superintendent in Lahore Museum as illegal and without lawfu
Published 07 Sep, 2005 12:00am
Veteran journalist Hassan Abidi passes away

Veteran journalist Hassan Abidi passes away

A veteran journalist and poet, Hassan Abidi died here on Tuesday of cardiac arrest, family sources said. The deceased who was born in 1929 in UP, leaves behind a widow and two daughters and a son to mourn his death.
Published 07 Sep, 2005 12:00am
New labour party

New labour party

A new labour organisation- Pakistan Workers Federation (PWF) is being launched on Thursday (September 08) for making efforts to protect rights of labours' community. A spokesman of All Pakistan Federation of Trade Unions said here on Tuesday the PWF has b
Published 07 Sep, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Punjab governor gives away awards

Punjab governor gives away awards

Governor of Punjab, Lieutenant-General Khalid Maqbool (Retd) gave awards to police officers and jawans showing exemplary duty in a ceremony held at Governor House here on Tuesday. IG Punjab Zia ul Hasan Khan and other senior police officers were present o
Published 07 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Piaf-Founders alliance claims rise in support

Piaf-Founders alliance claims rise in support

Piaf-Founders alliance has claimed that support from the trade and business organisations to their candidates for the forthcoming Lahore Chamber of Commerce and Industry (LCCI) elections is increasing.
Published 07 Sep, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 06, 2005).

Published 07 Sep, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Sep, 2005 12:00am
PSST celebrating golden jubilee despite quagmire

PSST celebrating golden jubilee despite quagmire

What a travesty of events? While sugar prices in the open market have rocketed appallingly high, The Pakistan Society of Sugar Technologists (PSST) are celebrating its golden jubilee, which will continue for three days ie September 5 to 7. The timings of
Published 07 Sep, 2005 12:00am
WWUR contestants allotted symbols

WWUR contestants allotted symbols

Trade Union groups, contesting elections for Wasa Workers Union Rawalpindi (WWUR) have been allotted the election symbols for the upcoming trade union elections.
Published 07 Sep, 2005 12:00am
Rupee under slight pressure

Rupee under slight pressure

Higher payment bills pushed the dollar demand up in both the interbank and open markets on Tuesday amid tight supply of the greenback, dealers said. The rupee, after maintaining a firm trend in the interbank for the several days, shed three paisa versus t
Published 07 Sep, 2005 12:00am
NWFP to establish journalists foundation

NWFP to establish journalists foundation

NWFP Minister for Information and Public Relations Asif Iqbal Daudzai said on Tuesday that the MMA government has decided to establish journalists foundation for the welfare of media community and in this connection a considerable development has already
Published 07 Sep, 2005 12:00am
Rupee under slight pressure

Rupee under slight pressure

Higher payment bills pushed the dollar demand up in both the interbank and open markets on Tuesday amid tight supply of the greenback, dealers said. The rupee, after maintaining a firm trend in the interbank for the several days, shed three paisa versus t
Published 07 Sep, 2005 12:00am
Government urged to provide transit facility to India for Kabul

Government urged to provide transit facility to India for Kabul

Pak-India Business Council (PIBC) has demanded of the government to provide transit trade facility to India for Afghanistan. "Pakistan can earn 2 billion dollars from transit fee which is equal to country's 20 percent exports," said, Hafiz Noor Muhammad K
Published 07 Sep, 2005 12:00am
Japanese rubber stocks drop

Japanese rubber stocks drop

Crude rubber stocks held at private Japanese warehouses fell to 7,740 tonnes as of August 31, down about 6.6 percent from 8,287 tonnes on August 20, the Rubber Trade Association of Japan said on Tuesday.
Published 07 Sep, 2005 12:00am
Tight monetary policy must to curtail inflation: Ishrat

Tight monetary policy must to curtail inflation: Ishrat

"Now it is time to curtail inflation and apply tight monetary policy," said State Bank of Pakistan (SBP) Governor Dr Ishrat Hussain while addressing a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Tuesday.
Published 07 Sep, 2005 12:00am
Asian Naphtha prices down as gasoline market eases

Asian Naphtha prices down as gasoline market eases

Asian naphtha prices slipped back on Tuesday despite firmer Brent crude and backwardation narrowed due to easier international gasoline prices, traders said. The key open-spec naphtha contract for second-half October delivery was notionally assessed at ar
Published 07 Sep, 2005 12:00am
Tight monetary policy must to curtail inflation: Ishrat

Tight monetary policy must to curtail inflation: Ishrat

"Now it is time to curtail inflation and apply tight monetary policy," said State Bank of Pakistan (SBP) Governor Dr Ishrat Hussain while addressing a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Tuesday.
Published 07 Sep, 2005 12:00am
Asian Gasoil/Jet: crude losses defied

Asian Gasoil/Jet: crude losses defied

Crude losses failed to dampen Asian middle distillate prices on Tuesday, due to winter supply concerns as refiners rushed into producing auto fuel at the expense of other products.
Published 07 Sep, 2005 12:00am
KSE: technical correction sets in

KSE: technical correction sets in

The long overdue technical correction set in at Karachi Stock Exchange on Tuesday as several investors found last week's gains attractive and indulged in selling with the result that losers outnumbered gainers.
Published 07 Sep, 2005 12:00am
Cameroon tightens cocoa rules in quality drive

Cameroon tightens cocoa rules in quality drive

Cameroon introduced tighter regulations on the sale of cocoa on Monday in a bid to raise the quality of its exports as it pushes through a campaign to boost output in the central African country.
Published 07 Sep, 2005 12:00am
KSE: technical correction sets in

KSE: technical correction sets in

The long overdue technical correction set in at Karachi Stock Exchange on Tuesday as several investors found last week's gains attractive and indulged in selling with the result that losers outnumbered gainers.
Published 07 Sep, 2005 12:00am
New Orleans grain elevator operative

New Orleans grain elevator operative

Japan's largest corn importer, Zen-Noh, said on Monday its grain elevator in hurricane-hit Louisiana is capable of operating and could resume shipments if restrictions on Mississippi River traffic are eased.
Published 07 Sep, 2005 12:00am
KSE: technical correction sets in

KSE: technical correction sets in

The long overdue technical correction set in at Karachi Stock Exchange on Tuesday as several investors found last week''s gains attractive and indulged in selling with the result that losers outnumbered gainers.
Published 07 Sep, 2005 12:00am
Australian wheat sets records to export markets

Australian wheat sets records to export markets

Australia exported a record amount of wheat to Indonesia and other countries and made the first major sales to China in a decade in the latest export period, monopoly wheat exporter AWB Ltd said.
Published 07 Sep, 2005 12:00am
LSE equities mixed

LSE equities mixed

Equities moved both ways on the Lahore Stock Exchange (LSE) but finally settled in negative zone amid ascending transaction volume on account of profit taking and lacking interest on the part of investors.
Published 07 Sep, 2005 12:00am
China sells corn to South Korea

China sells corn to South Korea

China has sold two cargoes of corn to South Korea to replace US grain as US Gulf ports are closed due to damages from Hurricane Quatrain, an industry source in China said on Monday.
Published 07 Sep, 2005 12:00am
LSE equities mixed

LSE equities mixed

Equities moved both ways on the Lahore Stock Exchange (LSE) but finally settled in negative zone amid ascending transaction volume on account of profit taking and lacking interest on the part of investors.
Published 07 Sep, 2005 12:00am
Tanzania Arabica coffee eases

Tanzania Arabica coffee eases

Tanzania mild coffee prices eased at last week's auction, mostly due to the large volume on sale, traders said on Monday. The weekly auction was held on Thursday but the Tanzania Coffee Board issued the results on Monday.
Published 07 Sep, 2005 12:00am