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Print - 2005-12-24
Centre's intervention sought to end sugar crisis

Centre's intervention sought to end sugar crisis

The Vice-President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Akbar Abdullah, and chairman of FPCCI standing committee on sugar, Amanullah Farouk, have called for intervention of the federal government to defuse the crisis be
Published 24 Dec, 2005 12:00am
Saudi Pak Bank opens 42nd branch

Saudi Pak Bank opens 42nd branch

Punjab Minister of Education Imran Masood inaugurated Saudi Pak Bank's branch in Garden Town, Lahore. This being the 42nd branch of the Bank in the country. Mansoor M Khan, President/CEO of the bank was also present at the occasion along with the senior o
Published 24 Dec, 2005 12:00am
Universities' representation on NCB recommended

Universities' representation on NCB recommended

The bio-technology experts have recommended that all the universities of the country may be given due representation on the National Commission on Biotechnology and urged that the Commission must provide funds for refreshment courses for scholars and teac
Published 24 Dec, 2005 12:00am
TeleCard starts VNO service

TeleCard starts VNO service

TeleCard is now providing Virtual Network Operator (VNO) services to all carriers as well as start-ups that are intending to enter the telecom sector of Pakistan.
Published 24 Dec, 2005 12:00am
Pakistani women entrepreneurs exhibition from December 28

Pakistani women entrepreneurs exhibition from December 28

A delegation of women entrepreneurs led by Rukhsana Jehangir, Chairperson, FPCCI Standing Committee on Women Entrepreneurs called on provincial Minister for Labour, Transport, Industries, Commerce and Co-operation Muhammad Adil Siddiqui at his office here
Published 24 Dec, 2005 12:00am
'Pakistanis urged to get united on national issues'

'Pakistanis urged to get united on national issues'

Speakers at Hamdard Naunehal Assembly Karachi Chapter on Thursday urged the nation to follow the principle, given by the father of the nation, Quaid-i-Azam Mohammed Ali Jinnah to remain united on national issues, because united we stand and divided we fal
Published 24 Dec, 2005 12:00am
Plea to extend R&D support to other textile sectors

Plea to extend R&D support to other textile sectors

According to the State Bank of Pakistan they have paid more than 30,000 cases amounting to Rs 2 billion under R&D support and there are only 54 pending cases containing discrepancies in the documents.
Published 24 Dec, 2005 12:00am
Telenor opens GSM network in 14 more destinations

Telenor opens GSM network in 14 more destinations

Telenor Pakistan has officially opened its GSM mobile network in 14 more destinations. This new addition has taken Telenor's total score to 174 destinations nation-wide.
Published 24 Dec, 2005 12:00am
NWFP to provide free insulin to diabetic patients

NWFP to provide free insulin to diabetic patients

NWFP Minister for Health, Inayatullah has ordered preparation of a well-designed realistic plan for provision of free insulin to diabetic patients under public - private partnership.
Published 24 Dec, 2005 12:00am
CBR to study Turkish taxation system

CBR to study Turkish taxation system

Turkish tax authorities have shown their willingness to invite a CBR delegation to examine its tax model to manage quantum jump in tax-to-GDP ratio.
Published 24 Dec, 2005 12:00am
NWFP governor favours Kalabagh Dam project

NWFP governor favours Kalabagh Dam project

NWFP Governor Khalil-ur-Rehman has said that the construction of Kalabagh Dam is a project of national importance and the people of NWFP as a whole are in its favour.
Published 24 Dec, 2005 12:00am
'One Customs System' to be installed at Wagha

'One Customs System' to be installed at Wagha

The Central Board of Revenue (CBR) will carry out computerised customs clearance of the imported consignments from India through installation of "One Customs System" at the Wagha border.
Published 24 Dec, 2005 12:00am
Prime Minister to discuss Kalabagh Dam with NWFP cabinet today

Prime Minister to discuss Kalabagh Dam with NWFP cabinet today

Prime Minister Shaukat Aziz is due in the provincial capital on Saturday to take the provincial government into confidence over the construction of water reservoirs and particularly the controversial Kalabagh dam, secretariat sources confided to Busine
Published 24 Dec, 2005 12:00am
CBR chief's directive

CBR chief's directive

The Chairman CBR Abdullah Yusuf has directed the line members to timely process the references filed by the President's and Prime Minister's Secretariats pertaining to tax-related issues.
Published 24 Dec, 2005 12:00am
Deadline for Madrasas' registration to be extended

Deadline for Madrasas' registration to be extended

Minister for Religious Affairs Ijaz-ul-Haq said that December 31's deadline for the registration of religious institutions would be extended. "Because of earthquake and some other reasons, we are going to extend the December 31 deadline," he told reporter
Published 24 Dec, 2005 12:00am
New York cotton

New York cotton

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

Published 24 Dec, 2005 12:00am
Raise in freight charges termed unjustified

Raise in freight charges termed unjustified

Member Executive Body Sarhad Chamber of Commerce and Industry (SCCI), Zia-ul-Haq Sarhadi has expressed concern over 12 percent increase in freight charges by Asian shipping companies for shipment of goods to Europe, America and other Western countries.
Published 24 Dec, 2005 12:00am
New York cotton

New York cotton

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

Published 24 Dec, 2005 12:00am
ARD condemns military action in Kohlu

ARD condemns military action in Kohlu

The Alliance for Restoration of Democracy (ARD) in its emergency meeting here on Friday strongly condemned the 'military action' in Kohlu, and demanded immediate end to it.
Published 24 Dec, 2005 12:00am
The Weather

The Weather

The weather report on Friday (December 23, 2005) and the forecast for Saturday (December 24, 2005).
Published 24 Dec, 2005 12:00am
Shaukat urges opposition to join relief work

Shaukat urges opposition to join relief work

Prime Minister Shaukat Aziz on Friday reiterated the government's commitment to provide best possible assistance to the earthquake affected people and added Rs 17 billion have been distributed among the victims.
Published 24 Dec, 2005 12:00am
Key stock market movements at 1700 GMT on December 23

Key stock market movements at 1700 GMT on December 23

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 24 Dec, 2005 12:00am
Notorious gang busted

Notorious gang busted

Rawalpindi police have busted a gang of notorious outlaws including two foreign nationals wanted in various cases of smuggling of fake American currency and recovered from their possession huge amount of fake foreign currency, a car, huge cache of arms an
Published 24 Dec, 2005 12:00am
Means to overcome hurdles in NWFP uplift identified

Means to overcome hurdles in NWFP uplift identified

The World Bank has identified four constraints confronting development process in the North-West Frontier Province (NWFP), says 'NWFP Economic Report' prepared by the international financial institution.
Published 24 Dec, 2005 12:00am
Qatar envoy meets foreign minister

Qatar envoy meets foreign minister

General Pervez Musharraf received a written letter regarding the friendly relations between the two countries from Sheikh Hamad Bin Khalifa Al Thani, the Amir of the State of Qatar.
Published 24 Dec, 2005 12:00am
Setting up of Pak-China joint chamber demanded

Setting up of Pak-China joint chamber demanded

Rawalpindi Chamber of Commerce and Industry (RCCI) President, Jalil Ahmad Malik, said Pakistan and China could benefit greatly by setting up a joint chamber of commerce and industry, which could serve as a forum for exchange of vital trade information on
Published 24 Dec, 2005 12:00am
PML-N denounces hike in gas prices

PML-N denounces hike in gas prices

Pakistan Muslim League (N) on Friday denounced the increase in gas prices saying this increase following hike in oil and other commodities of daily use would put burden on masses already in a fix due to high cost of living.
Published 24 Dec, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
PML-N for consensus on national issues

PML-N for consensus on national issues

PML-N Secretary General Zafar Iqbal Jhagra has called upon the people of Pakistan to forge unity in their ranks to steer the country out of the present worst situation.
Published 24 Dec, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (December 23, 2005) and for Saturday (December 24, 2005).
Published 24 Dec, 2005 12:00am
LHC orders reinstatement of PTC teacher

LHC orders reinstatement of PTC teacher

The Lahore High Court (LHC) has directed the District Education Officer, Gujrat to reinstate the petitioner Shahnaz Akhtar a PTC teacher, within one week and submit a report to the court.
Published 24 Dec, 2005 12:00am
Rail transit system on BOT basis soon

Rail transit system on BOT basis soon

District Nazim Lahore, Mian Amer Mahmood on Friday said the rail transit system in the provincial metropolis would be built on BOT (built, operate and transfer) basis for which negotiations with the foreign investors would take place next year.
Published 24 Dec, 2005 12:00am
Fog disrupts life in Lahore

Fog disrupts life in Lahore

Fog has not only slowed down routine life in the provincial metropolis, but health problems, particularly for old people and children, are also being aggravated.
Published 24 Dec, 2005 12:00am
Quake alarm developed

Quake alarm developed

American Resource Team International (ARTI) has designed world's first earthquake detector, claimed its designers Hasnain Haider Naqvi, Tauseef Haider Naqvi and Arslan in a joint press conference here on Friday.
Published 24 Dec, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
Image magazine launched

Image magazine launched

Mass Communication Department of Punjab University on Friday launched its magazine 'Image'. Speaking on the occasion, vice-chancellor, Arshad Mahmood said: "establishment of FM104 radio in quake areas would be a great contribution of the department to rel
Published 24 Dec, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
Askari Bank issues term finance certificates

Askari Bank issues term finance certificates

The second issue of Term Finance Certificates (TFCs) of Askari Commercial Bank Ltd, will be formally listed and admitted to the Ready Board Quotation of Lahore Stock Exchange (LSE) with effect from Monday.
Published 24 Dec, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
Askari Bank issues term finance certificates

Askari Bank issues term finance certificates

The second issue of Term Finance Certificates (TFCs) of Askari Commercial Bank Ltd, will be formally listed and admitted to the Ready Board Quotation of Lahore Stock Exchange (LSE) with effect from Monday.
Published 24 Dec, 2005 12:00am
UN official visits Kohat health facilities

UN official visits Kohat health facilities

United Nations Population Funds Country Representative Dr France Donny visited Kohat on Thursday and inspected funds projects worth Rs one million at Liaquat Memorial Hospital Kohat and Rural Health Centre Gumbat.
Published 24 Dec, 2005 12:00am
CDGL, Punjab University to collaborate expertise in uplift plans

CDGL, Punjab University to collaborate expertise in uplift plans

City District Government (CDG) Lahore, and Punjab University have decided to collaborate technical expertise and manpower to ensure effective implementation of development projects in the city to control pollution and improve the civic facilities.
Published 24 Dec, 2005 12:00am
THE RUPEE: interbank, kerb rates gap narrows

THE RUPEE: interbank, kerb rates gap narrows

Sharp recovery was seen in rupee value versus dollar in the open market on Friday, which picked up 25 paisa for buying at Rs 59.80 and 20 paisa for selling at Rs 59.90 on easy supply of the US currency, dealers said.
Published 24 Dec, 2005 12:00am
NPO quality awards

NPO quality awards

National Productivity Organisation (NPO) is launching 'National Quality Awards' from next month which will be awarded to productive and efficient industries, said NPO Chief, Saquib Mohyuddin while talking to journalists.
Published 24 Dec, 2005 12:00am
THE RUPEE: interbank, kerb rates gap narrows

THE RUPEE: interbank, kerb rates gap narrows

Sharp recovery was seen in rupee value versus dollar in the open market on Friday, which picked up 25 paisa for buying at Rs 59.80 and 20 paisa for selling at Rs 59.90 on easy supply of the US currency, dealers said.
Published 24 Dec, 2005 12:00am
Workshop concludes

Workshop concludes

The two-day workshop on four years B.Sc. (Hons) programme concluded at GCU here on Thursday. While addressing the ceremony, Vice-chancellor Professor Dr Khalid Aftab said "we are trying to focus on the quality of education and need to make further improve
Published 24 Dec, 2005 12:00am
Leather & Tanneries: PAK LEATHER CRAFTS LIMITED - Year Ended 30-06-2005

Leather & Tanneries: PAK LEATHER CRAFTS LIMITED - Year Ended 30-06-2005

This tannery and leather garment unit of Korangi Industrial Area Karachi has been able to sustain profitability for the second consecutive year after two loss years in 2002 and 2003. The directors foresee another profitable year because they observe that
Published 24 Dec, 2005 12:00am
Rally held against banned outfits

Rally held against banned outfits

Activists of different religious parties on Friday held a rally under the auspices of 'Defaai Islam Mahaz' against the provocative propaganda by some elements of a banned religious organisation against the Muslims in Khyber Agency.
Published 24 Dec, 2005 12:00am
Leather & Tanneries: PAK LEATHER CRAFTS LIMITED - Year Ended 30-06-2005

Leather & Tanneries: PAK LEATHER CRAFTS LIMITED - Year Ended 30-06-2005

This tannery and leather garment unit of Korangi Industrial Area Karachi has been able to sustain profitability for the second consecutive year after two loss years in 2002 and 2003. The directors foresee another profitable year because they observe that
Published 24 Dec, 2005 12:00am
'Brunei needs technical know-how, machinery'

'Brunei needs technical know-how, machinery'

Pakistan and Brunei Darussalam despite having excellent trade relations have a very small two-way trade and there is a need to adopt more sector-specific steps to take it to the desired level. The Chambers of Commerce in Pakistan and Brunei Darussalam cou
Published 24 Dec, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
Farewell reception

Farewell reception

Haji Ahmed, Regional Commissioner of Income Tax (RCIT), Eastern Region, Lahore held a farewell reception in honour of Saeed Ahmed Zaidi, Member CBR (Legal), who is retiring from the government service from Saturday (December 24).
Published 24 Dec, 2005 12:00am
Shell donates Rs 1 million for conservation of Rohtas Fort

Shell donates Rs 1 million for conservation of Rohtas Fort

Shell Pakistan on Friday donated Rs one million for conservation of Rohtas Fort (1541 A.D.) by the Himalayan Wildlife Foundation. The cheque was presented by Shell Pakistan Chairman Farooq Rahmatullah for the project, which is being supported by Shell Pak
Published 24 Dec, 2005 12:00am
AJK Agriculture Chamber supports Kalabagh Dam

AJK Agriculture Chamber supports Kalabagh Dam

Azad Jammu Kashmir Chamber of Agriculture on Friday called for early construction of more water reservoirs to meet the growing needs of water and electricity of the country.
Published 24 Dec, 2005 12:00am
Labour union files rejoinder in KESC privatisation case

Labour union files rejoinder in KESC privatisation case

Labour union of Karachi Electric Supply Corporation rebutting the statement of Privatisation Commission on Friday contended that PC kept the union and the Sindh High Court in dark about the exact terms and conditions regarding the sale of KESC to reconsti
Published 24 Dec, 2005 12:00am
Presentation

Presentation

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

Published 24 Dec, 2005 12:00am
Punjab chief minister, others accused of injuring PML interests

Punjab chief minister, others accused of injuring PML interests

Federal Minister for Information Technology Owais Ahmed Leghari on Friday alleging Punjab Chief Minister Chaudhry Pervaiz Elahi and Punjab PML leadership said they were injuring the party interests for their own gains.
Published 24 Dec, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
SCBA chief regrets Aitzaz's refusal

SCBA chief regrets Aitzaz's refusal

Supreme Court Bar Association (SCBA) President Malik Mohammad Qayum has regretted refusal of Barrister Chaudhry Aitzaz Ahsan to become a member of the SCBA's committee on constitutional and legal reforms.
Published 24 Dec, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Dec, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Dec, 2005 12:00am
'KBD project to help generate cheaper hydel power'

'KBD project to help generate cheaper hydel power'

Kalabagh Dam (KBD) project will help to generate cheaper hydel power besides providing jobs to thousands of skilled and unskilled people, said Provincial Minister and Punjab Assembly Chief Whip Pir Ghulam Mohyuddin Chishti here on Friday.
Published 24 Dec, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Dec, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (December 23, 2005).

Published 24 Dec, 2005 12:00am
Lawyers continue strike against DCO

Lawyers continue strike against DCO

The strike of lawyers' community in Faisalabad, Chiniot, Jhang and Shorkot against the Jhang DCO has entered in the second week here on Friday.
Published 24 Dec, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Dec, 2005 12:00am
KSE to hold EOGM on December 30

KSE to hold EOGM on December 30

The Karachi Stock Exchange (KSE) will hold an extraordinary general meeting on December 30, seeking approval from members of the exchange to appoint chairman of the board from among non-member directors.
Published 24 Dec, 2005 12:00am
Fog disrupts PIA flights

Fog disrupts PIA flights

The fog in the northern parts of the country and in some cities of the Gulf countries has disrupted air flights forcing PIA to divert or delay some of its domestic and international flights.
Published 24 Dec, 2005 12:00am
NIT awarded $0.85 million research grant

NIT awarded $0.85 million research grant

National Institute of Transportation (NIT) has been awarded a collaborative 850,000 dollars research grant for "Development of Guidelines for the Asphalt Pavement Recycling in Pakistan" a project jointly submitted by NIT and Michigan State University (MSU
Published 24 Dec, 2005 12:00am
'Diabetes patient may double by 2030'

'Diabetes patient may double by 2030'

"In Pakistan, one out of every ten people have diabetes and this number is expected to double over the next 25 years," informed Dr Jaweed Akhtar, Associate Professor and Head of Internal Medicine Section, Department of Medicine at Aga Khan University Hosp
Published 24 Dec, 2005 12:00am
MMA protests against changes in education curricula

MMA protests against changes in education curricula

Muttahida Majlis-i-Amal (MMA) on Friday observed Black Day and held protest demonstrations outside major mosques in the city against planned deletion of procedure of offering prayers from textbooks of Islamiat and changes in education curricula.
Published 24 Dec, 2005 12:00am
Indian fishermen held

Indian fishermen held

The Maritime Security Agency (MSA) apprehended an Indian fishing boat alongwith six crewmembers onboard on December 22 for fishing illegally in Pakistani waters. The ship was on routine patrol in the Eastern Maritime Region when it found the boats fishing
Published 24 Dec, 2005 12:00am
KESC move to overcome power failure

KESC move to overcome power failure

Taking notice of sudden power failures due to tripping on early Tuesday morning (December 20) during the first winter rains, Karachi Electric Supply Corporation Chief Executive Officer Frank Scherschmidt immediately mobilised the engineers and technical w
Published 24 Dec, 2005 12:00am
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