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Print - 2006-01-04
Gas suspension, price hike to affect exports

Gas suspension, price hike to affect exports

Weaving and spinning mills and fertiliser factories have declined to meet the demand of exporters and farmers, respectively, because SNGPL has suspended supply of gas to these units due to the wave of severe cold in the country.
Published 04 Jan, 2006 12:00am
Cattle lifters arrested

Cattle lifters arrested

As many as 385 cattle heads valuing over Rs 10 million, 8 stolen tractors, two motorcycles and 14 illegal weapons were recovered from the hideouts of 35 hardened cattle lifters and criminals.
Published 04 Jan, 2006 12:00am
ERC chief for completion of school buildings in Rawalpindi

ERC chief for completion of school buildings in Rawalpindi

Raja Rashid Hafeez, MPA and Chairman Education Reforms Committee (ERC) has directed the concerned authorities to accelerate the pace of work on construction and renovation of public sector school buildings in Rawalpindi district to complete the work befor
Published 04 Jan, 2006 12:00am
KPC office-bearers felicitated

KPC office-bearers felicitated

Sindh Home Minister, Rauf Siddiqui has felicitated the newly elected office-bearers of the Karachi Press Club and expressed the hope that they would work to take forward the journalistic traditions.
Published 04 Jan, 2006 12:00am
Nasreen sworn in as naib nazim

Nasreen sworn in as naib nazim

City Naib Nazim-elect Nasreen Jalil took the oath of her office on Tuesday at an impressive ceremony held at Baradari Bagh-e-Jinnah here. District Returning Officer Agha Rafiq Ahmed Khan, who is also district and sessions judge, Karachi South, administere
Published 04 Jan, 2006 12:00am
'No cement crisis in Sukkur'

'No cement crisis in Sukkur'

Muhammad Azam Larik, Managing Director, Rohri Cement Ltd, has said that there was no "cement crisis" and added that the Rohri Cement Factory was manufacturing quality cement at its full capacity. Larik, who had been a former Director Population Welfare De
Published 04 Jan, 2006 12:00am
Mercury drops in Quetta to -13 degree Celsius

Mercury drops in Quetta to -13 degree Celsius

Provincial capital is still in the grip of severe cold as the minimum temperature dropped to -13 degree Celsius causing bursting of water pipelines in most parts of the city. The maximum temperature was recorded as 3 degree Celsius.
Published 04 Jan, 2006 12:00am
Karachi to face shortage as water main bursts

Karachi to face shortage as water main bursts

Karachi will face 40-MGD water shortage as a 72-inch diameter rising main out of seven rising main supplying water to the city burst due to sudden failure of power supply to Dhabeji Pumping House.
Published 04 Jan, 2006 12:00am
Negative tactics of sugar mills condemned

Negative tactics of sugar mills condemned

The Sindh Abadgar Board (SAB) has strongly condemned the negative tactics adopted by sugar mills owners by illegally zoning of sugarcane growing areas to keep the cane growers at their mercy.
Published 04 Jan, 2006 12:00am
Kirmani gives achievement awards

Kirmani gives achievement awards

The Chairman & CEO Tariq Kirmani addressed the ground engineers of PIA and presented awards for achievement in different categories. Addressing the ground engineers he reviewed PIA's performance in 2005 and their role in it.
Published 04 Jan, 2006 12:00am
Jawaid appointed SVP (P&L) PIA

Jawaid appointed SVP (P&L) PIA

As a part of PIA management restructuring effort, Jawaid Shaikh has been appointed as Sr. Vice President (Procurement & Logistics) with effect from 2nd January, 2006. He shall also be taking over the charge of Directorate of Corporate Planning upon Rashee
Published 04 Jan, 2006 12:00am
Atlas Management rating upgraded

Atlas Management rating upgraded

The Pakistan Credit Rating Agency (Pacra) has upgraded asset manager rating of Atlas Asset Management Limited (AAML) to 'AM3+'. The rating reflects the company's strong capacity to master the risks inherent in asset management and the asset manager meets
Published 04 Jan, 2006 12:00am
Atlas Management rating upgraded

Atlas Management rating upgraded

The Pakistan Credit Rating Agency (Pacra) has upgraded asset manager rating of Atlas Asset Management Limited (AAML) to 'AM3+'. The rating reflects the company's strong capacity to master the risks inherent in asset management and the asset manager meets
Published 04 Jan, 2006 12:00am
Irrigation department asked to prepare brief for Sindh Cabinet

Irrigation department asked to prepare brief for Sindh Cabinet

The Sindh Irrigation Department has been asked to prepare a brief for the members of the Sindh Cabinet and like-minded members of the Sindh Assembly before it resumes its session on January 19, it was learnt here on Tuesday.
Published 04 Jan, 2006 12:00am
NWFP mulling more autonomy for teaching hospitals

NWFP mulling more autonomy for teaching hospitals

NWFP Health Department is planning to hammer out an efficient model of hospital autonomy to improve the existing status of autonomy in the teaching hospitals and also to extend it to the District Head Quarter (DHQ) Hospitals of the province.
Published 04 Jan, 2006 12:00am
GCU celebrates 143rd anniversary

GCU celebrates 143rd anniversary

A cake cutting ceremony to celebrate 143rd anniversary of GC University Lahore was held at the vice-chancellor's committee room here on Tuesday, which was attended by the heads of different departments of the varsity.
Published 04 Jan, 2006 12:00am
KCCI to donate two mobile vans to police

KCCI to donate two mobile vans to police

The managing committee of Karachi Chamber of Commerce and Industry (KCCI) has decided to donate two mobile vans to area police stations for intensifying police patrolling in markets trading areas.
Published 04 Jan, 2006 12:00am
Chinese businessmen urged to boost two-way trade

Chinese businessmen urged to boost two-way trade

"Although, during the last three years, investment from China has registered significant increases, there is still ample scope for raising its volume," said Haroon Farooki, President of Karachi Chamber of Commerce and Industry, during a meeting here on Tu
Published 04 Jan, 2006 12:00am
Cold spell to continue till mid-March

Cold spell to continue till mid-March

Ongoing cold winter spell may continue till mid March, Chief Meteorologist Anjum Bari said on Tuesday. Talking to PTV, he said this winter would be severe and it was predicted by the department two months earlier. "We expect that this cold winter spell ma
Published 04 Jan, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (January 03, 2006) and the forecast for Wednesday (January 04, 2006).
Published 04 Jan, 2006 12:00am
Domestic sugar consumption increases

Domestic sugar consumption increases

The domestic sugar consumption increased from 3.8 million tonnes to 3.9 million tonnes during the last sugar year ending on September 30, 2005, an annual report of the Pakistan Sugar Mills Association (PSMA) said.
Published 04 Jan, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
Bhutto's birth anniversary on January 5

Bhutto's birth anniversary on January 5

The 78th birth anniversary of former prime minister and founder of Pakistan Peoples' Party, late Zulfiqar Ali Bhutto will be celebrated on January 05. In this connection, a huge cake, weighing 78 pound would be cut at the PPP's Media Centre here. Similar
Published 04 Jan, 2006 12:00am
Key stock market movements at 1700 GMT on January 03

Key stock market movements at 1700 GMT on January 03

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 04 Jan, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
Pre-Haj operation concludes today

Pre-Haj operation concludes today

The pre-Haj operation to airlift 150,000 intending pilgrims to Saudi Arabia will conclude with the departure of last Haj flight PK-1731 carrying 435 passengers on-board to Jeddah from the Federal Capital on Wednesday.
Published 04 Jan, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (January 03, 2006) and for Wednesday (January 04, 2006).
Published 04 Jan, 2006 12:00am
'Greater credit supply can help reduce poverty'

'Greater credit supply can help reduce poverty'

A greater amount of credit supply to the rural sector at affordable rates could accelerate the country's socio-economic growth and help check poverty, notes a latest finance markets study.
Published 04 Jan, 2006 12:00am
Sindh to benefit from Kalabagh dam: Leghari

Sindh to benefit from Kalabagh dam: Leghari

Former President Sardar Farooq Ahmed Khan Leghari while talking to a private TV channel has said if new dams were not constructed, much of the country could be rendered desert and barren.
Published 04 Jan, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
Al-Rashid Trust relief efforts recognised by world

Al-Rashid Trust relief efforts recognised by world

World has hailed the relief efforts of the Al-Rashid Trust (ART) and various international organisations asked trust to hold survey in quake hit areas for distribution, but still the sanctions were not waived, said Raja Abdul Aziz, Relief Co-ordinator of
Published 04 Jan, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
RCCI calls for withdrawal of hike in gas prices

RCCI calls for withdrawal of hike in gas prices

The president, Rawalpindi Chamber of Commerce and Industry (RCCI), Jalil Ahmed Malik, has demanded the reversal of the increase in gas prices, saying that it would prove disastrous for the country's industrial sector besides common people.
Published 04 Jan, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
Pakpattan Nazim meets Pervaiz

Pakpattan Nazim meets Pervaiz

District Nazim Pakpattan Rao Naseem Hashim called on Punjab Chief Minister Chaudhry Pervaiz Elahi here on Tuesday. According to a CM's spokesman, Hashim expressed his complete confidence in the leadership of President Pervez Musharraf, PML President Chaud
Published 04 Jan, 2006 12:00am
Training in construction skills initiated for quake survivors

Training in construction skills initiated for quake survivors

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that a comprehensive programme has been initiated in the quake-affected areas for the training of local people in various construction-related skills so that they could build their own houses and earn
Published 04 Jan, 2006 12:00am
Punjab to ensure pure food stuff supply: minister

Punjab to ensure pure food stuff supply: minister

Punjab Health Minister Dr Tahir Ali Javed has said the government will ensure the supply of standardised and pure food stuff to the citizens and relevant law will be strictly implemented and a new legislation was on anvil.
Published 04 Jan, 2006 12:00am
THE RUPEE: all-round slide in currency market

THE RUPEE: all-round slide in currency market

The rupee failed to extend it's year-end rally in the interbank market on Tuesday following the rising demand for dollar by the local banks, showing a decline of eight paisa in the interbank market for buying and selling at 59.81 and 59.83, currency analy
Published 04 Jan, 2006 12:00am
Punjab government, DCO delaying division of TMA assets

Punjab government, DCO delaying division of TMA assets

Provincial government and district co-ordination officer (DCO) are responsible of the present situation arising between Rawal and Potohar towns of Rawalpindi on the matter of distribution of resources and assets, while common man is ultimate sufferers of
Published 04 Jan, 2006 12:00am
THE RUPEE: all-round slide in currency market

THE RUPEE: all-round slide in currency market

The rupee failed to extend it's year-end rally in the interbank market on Tuesday following the rising demand for dollar by the local banks, showing a decline of eight paisa in the interbank market for buying and selling at 59.81 and 59.83, currency analy
Published 04 Jan, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 04 Jan, 2006 12:00am
Technology & Communication: TELECARD LIMITED - Year Ended 30-06-2005

Technology & Communication: TELECARD LIMITED - Year Ended 30-06-2005

During the year under review the company made substantial expansion in the capital base. It has made massive infrastructure investment to launch new services and rapidly expand network. While these provided opportunities to raise revenue for years to come
Published 04 Jan, 2006 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 04 Jan, 2006 12:00am
Technology & Communication: TELECARD LIMITED - Year Ended 30-06-2005

Technology & Communication: TELECARD LIMITED - Year Ended 30-06-2005

During the year under review the company made substantial expansion in the capital base. It has made massive infrastructure investment to launch new services and rapidly expand network. While these provided opportunities to raise revenue for years to come
Published 04 Jan, 2006 12:00am
Huawei holds exhibition from today

Huawei holds exhibition from today

Huawei Technologies Pakistan Pvt Ltd a leading Chinese telecommunication equipment manufacturer, is hosting an exhibition to showcase its latest products and solutions geared towards Next Generation Oriented Networks from January 4-6 at the Best Western H
Published 04 Jan, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
'Stance on Kashmir unambiguous'

'Stance on Kashmir unambiguous'

Foreign Secretary Riaz Ahmed Khan told sub-committee of the Public Accounts Committee (PAC) on Tuesday that Pakistan wants Kashmiris should be given the right to self-determination.
Published 04 Jan, 2006 12:00am
IFJ condemns attack on newspaper offices

IFJ condemns attack on newspaper offices

The International Federation of Journalists (IFJ) Tuesday expressed deep concern about the concerted attacks on newspaper offices in Pakistan.
Published 04 Jan, 2006 12:00am
Pakistan offers numerous investment opportunities: Prime Minister

Pakistan offers numerous investment opportunities: Prime Minister

Prime Minister Shaukat Aziz on Tuesday said Pakistan offered numerous opportunities for investment in new sectors, providing lucrative returns. He was talking to Minister for Education of UAE Shaikh Nehyan Bin Mubarak Al-Nehyan at Sardar Garh near Sukkur.
Published 04 Jan, 2006 12:00am
Government committed to uplift of Sindh, says Shaukat

Government committed to uplift of Sindh, says Shaukat

Prime Minister Shaukat Aziz on Tuesday said the government was committed to the development of Sindh and improving the quality of life of its people. He was talking to Minister of State for Industries Sardar Ali Nawaz Khan Mahar who called on him at Khan
Published 04 Jan, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
CRA resents hike in gas prices

CRA resents hike in gas prices

Citizen Rights Association (CRA) has strongly criticised latest increase in gas prices and expressed the fear that it would multiply the miseries of the general public.
Published 04 Jan, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jan, 2006 12:00am
Plea to evolve formula speedily for funds distribution

Plea to evolve formula speedily for funds distribution

Provincial Finance Commission (PFC) Chairman/Punjab Minister for Finance Hasnain Bahadur Dreshak has stressed upon members of the Commission to speedily evolve a formula for distribution of available funds among provincial and local governments.
Published 04 Jan, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jan, 2006 12:00am
Dams would be ready by 2020: Shaukat

Dams would be ready by 2020: Shaukat

Prime Minister Shaukat Aziz has said there is a consensus in the country that water reservoirs are required. In an interview with a private TV channel, he said no dams have been constructed in the country since long.
Published 04 Jan, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (January 03, 2006).

Published 04 Jan, 2006 12:00am
Musharraf rejects travel advisories against Pakistan

Musharraf rejects travel advisories against Pakistan

President General Pervez Musharraf has rejected negative travel advisories against Pakistan, asserting the country has a far improved and conducive environment for economic development than commonly misperceived abroad.
Published 04 Jan, 2006 12:00am
Islamabad denies new nuclear reactor plan

Islamabad denies new nuclear reactor plan

Pakistan on Tuesday categorically denied a report it is in talks to buy between six to eight nuclear reactors from China in a deal worth up to US $10 billion. Britain's Financial Times newspaper quoted an official saying construction of nuclear reactors c
Published 04 Jan, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jan, 2006 12:00am
Firms being selected for Islamabad LTU

Firms being selected for Islamabad LTU

The Central Board of Revenue (CBR) has started selection process of big multinational companies and corporate units to be operated under the Large Taxpayers Unit (LTU), Islamabad. The selection of cases would be made on the basis of annual turnover of com
Published 04 Jan, 2006 12:00am
Eid special trains

Eid special trains

Pakistan Railways (PR) has decided to run four special trains to cater to extra rush of passengers on the occasion of Eid-ul-Azha. These four trains would be run between different cities from January 08, 2006, says a spokesman of the Railways here on Tues
Published 04 Jan, 2006 12:00am
Nine points to be set up for sale of sacrificial animals

Nine points to be set up for sale of sacrificial animals

The City District Government Lahore will set up nine sale points at towns level for the sale of sacrificial animals in the provincial metropolis, and imposed section 144 under which the sale of animals has been banned other than designated places.
Published 04 Jan, 2006 12:00am
Intel unveils new brand identity

Intel unveils new brand identity

Intel Corporation unveiled a new brand identity. The company is focusing on four key market segment opportunities - mobile, digital home, enterprise and health. The company has announced it will deliver a new platform for digital home - Intel Viiv technol
Published 04 Jan, 2006 12:00am
Administrative and brain drain crisis brewing in PTV

Administrative and brain drain crisis brewing in PTV

Administrative, leadership and severe brain drain crisis is brewing in the state-owned and propaganda organ of the government, Pakistan Television Corporation (PTV), sources told Business Recorder here on Tuesday.
Published 04 Jan, 2006 12:00am
France extends support to second Build Asia 2006

France extends support to second Build Asia 2006

The Economic Department of the Embassy of France in Pakistan extended fullest support and collaboration to the 2nd Build Asia 2006 International Exhibition & Conference scheduled on August 28-30, 2006 at the Expo Center Karachi.
Published 04 Jan, 2006 12:00am
KESC shutdown notice

KESC shutdown notice

The Karachi Electric Supply Corporation (KESC) is carrying out system improvement work at Korangi, Defence View and Liaquatabad. The power supply to following areas may be interrupted on Wednesday from 9am to 5pm.
Published 04 Jan, 2006 12:00am
ECC to take up textile units gas problem today

ECC to take up textile units gas problem today

The Economic Co-ordination Committee (ECC) of the Cabinet in its meeting on Wednesday will take up the issue of disconnection of gas to textile units as a result of failure of negotiations between All Pakistan Textile Mills Association (Aptma) and Sui Nor
Published 04 Jan, 2006 12:00am
Construction of reservoirs needs no consensus: experts

Construction of reservoirs needs no consensus: experts

Construction of water reservoirs to avert the impending water crises does not need any consensus except the controversial Kalabagh Dam, which is being strongly resisted by the people of smaller federating units particularly Sindh and NWFP.
Published 04 Jan, 2006 12:00am
Dr Shamshad meets National Assembly speaker

Dr Shamshad meets National Assembly speaker

Economic strength has restored investors' confidence and enhanced pace of industrialisation in the country while continuity of government policies has accelerated economic development, National Assembly speaker Chaudhry Amir Hussain said this during meeti
Published 04 Jan, 2006 12:00am
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