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Print - 2006-03-15
The Weather

The Weather

The weather report on Tuesday (March 14, 2006) and the forecast for Wednesday (March 15, 2006).
Published 15 Mar, 2006 12:00am
'No change likely in treasury bills cut-off yield'

'No change likely in treasury bills cut-off yield'

State Bank of Pakistan (SBP) adjusted its monetary policy last April when it raised the key discount rate to 9 percent from 7.5 percent. Financial market were expecting another rate increase as December 2005 and January 2006 inflation numbers were higher
Published 15 Mar, 2006 12:00am
'No change likely in treasury bills cut-off yield'

'No change likely in treasury bills cut-off yield'

State Bank of Pakistan (SBP) adjusted its monetary policy last April when it raised the key discount rate to 9 percent from 7.5 percent. Financial market were expecting another rate increase as December 2005 and January 2006 inflation numbers were higher
Published 15 Mar, 2006 12:00am
Marri tribe leader picked up, released

Marri tribe leader picked up, released

Khair Bukhsh Marri, a Baloch leader, was picked up by law enforcement agencies, and later released after an hour, in Karachi on Tuesday. According to his relatives, the LEAs raided the residence of Javed Mengal, son of Ataullah Mengal, in DHA at 3:00 pm o
Published 15 Mar, 2006 12:00am
Asia Pacific tax moot from March 17

Asia Pacific tax moot from March 17

The two-day Asia Pacific Tax Conference 2006 will be held at a local hotel from Friday (March 17). An announcement here on Tuesday said the theme of the moot will be "Tax system - A catalyst for economic development."
Published 15 Mar, 2006 12:00am
NAB decision a cruel joke with common man: Opposition

NAB decision a cruel joke with common man: Opposition

Opposition parties saw the hands of influential cabinet ministers who minted millions by creating artificial shortage of sugar in the National Accountability Bureau's decision to abandon investigation into seething crisis of the must-kitchen commodity.
Published 15 Mar, 2006 12:00am
CBR told to include tax-free fabrics import under TIS

CBR told to include tax-free fabrics import under TIS

The Ministry of Textile Industry has strongly recommended to the Central Board of Revenue (CBR) to allow customs duty and sales tax free import of fabrics under 'Temporary Importation Scheme' (SRO.1065(I)/2005) and submit recommendations to the Prime Mini
Published 15 Mar, 2006 12:00am
CBR told to include tax-free fabrics import under TIS

CBR told to include tax-free fabrics import under TIS

The Ministry of Textile Industry has strongly recommended to the Central Board of Revenue (CBR) to allow customs duty and sales tax free import of fabrics under 'Temporary Importation Scheme' (SRO.1065(I)/2005) and submit recommendations to the Prime Mini
Published 15 Mar, 2006 12:00am
President to inaugurate Bhasha-Diamer Dam on March 16

President to inaugurate Bhasha-Diamer Dam on March 16

President General Pervez Musharraf will perform groundbreaking of $6.5 billion Bhasha-Diamer Dam mega project on Thursday (March 16). This project is part of President Musharraf's 'Water Vision'.
Published 15 Mar, 2006 12:00am
Proceedings against kite flying adjourned

Proceedings against kite flying adjourned

Lahore High Court adjourned the proceedings in a petition filed against the kite flying, as the government failed to submit its reply and law officer sought time to submit the same.
Published 15 Mar, 2006 12:00am
Holiday at Karachi University and NED today

Holiday at Karachi University and NED today

The University of Karachi and its affiliated colleges will remain closed on March 15 on account of Urs of Shah Abdul Latif Bhitai. This was announced by the Registrar of the University in a notification issued here on Tuesday. He said the scheduled examin
Published 15 Mar, 2006 12:00am
HEC approves Rs 39 million UVAS project

HEC approves Rs 39 million UVAS project

The Higher Education Commission of Pakistan has approved another development project worth Rs 39 million of the University of Veterinary and Animal Sciences (UVAS) Lahore.
Published 15 Mar, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Mar, 2006 12:00am
Journey towards progress to continue: Musharraf

Journey towards progress to continue: Musharraf

President General Pervez Musharraf on Tuesday said that Pakistan is marching ahead on the path of progress, stating the successful policies have led to a visible decline in poverty.
Published 15 Mar, 2006 12:00am
'Legislators not taking labour issues seriously'

'Legislators not taking labour issues seriously'

The legislators have never seriously taken the issues of labour in the country although the laws are there, which implementation had been the problem, consequently, suffering the labour class.
Published 15 Mar, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
Women education in remote areas stressed

Women education in remote areas stressed

The Sindh Minister for Women Development Dr Saeeda Malik has stressed upon the spread of woman education in remote areas of the country. She was speaking as the chief guest of closing ceremony of International Women Week held at the Sindh University Insti
Published 15 Mar, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Mar, 2006 12:00am
FoodTech show from May 9

FoodTech show from May 9

Agriculture and Processed Food Products Export Development Authority (Apeda), Government of India, has reserved a bigger space this year to exhibit the products of their member companies in the co-located shows FoodTech & PPP.
Published 15 Mar, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Mar, 2006 12:00am
Nature conservation: children display commendable work

Nature conservation: children display commendable work

WWF-Pakistan Nature Carnival, which involved educational institutions, corporate concerns and the general public, offers an excellent opportunity to talk about the significance of nature conservation.
Published 15 Mar, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Mar, 2006 12:00am
APNS slams unethical drive against member publications

APNS slams unethical drive against member publications

The Executive Committee of All Pakistan Newspapers Society (APNS) has strongly condemned unethical campaign launched by disputed title holder, Daily Public, Faisalabad and Daily Amn, Faisalabad against APNS member publications based in Faisalabad.
Published 15 Mar, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
Sindh University students convention next month

Sindh University students convention next month

The University of Sindh is going to organise Students Convention-2006 from April 4 to April 6, 2006 at Allama I.I. Kazi Campus, Jamshoro, the students convention is chain of the youth convention, initiated by the Higher Education Commission (HEC) Islamaba
Published 15 Mar, 2006 12:00am
Sialkot contributing $800 million annually to exchequer

Sialkot contributing $800 million annually to exchequer

Sialkot, the export-oriented city of Pakistan, has developed a remarkable export culture and contributing 800 million dollars annually to the national exchequer, which is exceptional feat considering the small size and population of the city.
Published 15 Mar, 2006 12:00am
Network of quality testing agriculture laboratories established

Network of quality testing agriculture laboratories established

The government has set up a network of quality testing accredited laboratories to improve quality of agriculture commodities to meet international standard for enhancing country's exports. According to official sources heavy investment has been made for b
Published 15 Mar, 2006 12:00am
Etisalat management to make PTCL more efficient

Etisalat management to make PTCL more efficient

Management of Etisalat would make PTCL more efficient and create new opportunities for hard working employees, Minister for Telecommunication and Information Technology Awais Ahmad Khan Leghari has said.
Published 15 Mar, 2006 12:00am
World Consumer Rights Day today

World Consumer Rights Day today

The World Consumer Rights Day (WCRD) is being observed on March 15 in Pakistan and across the globe with a purpose to show solidarity with the consumer movement. The theme for WCRD 2006 is 'energy; sustainable access for all.'
Published 15 Mar, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
'Rejecting meat lowers weight'

'Rejecting meat lowers weight'

Meat-eaters who switch to a vegetarian diet gain slightly less weight than those who do not make major changes to their diets, a study suggests. UK Scientists for Cancer Research compared the weight gains of 22,000 meat-eaters, fish-eaters, vegetarians an
Published 15 Mar, 2006 12:00am
PPP calls for disbanding NAB

PPP calls for disbanding NAB

Pakistan People's Party (PPP) Chairperson Benazir Bhutto's Political Secretary Naheed Khan MNA, in a reaction to the news that the National Accountability Bureau (NAB) has closed the investigation of the sugar scandal.
Published 15 Mar, 2006 12:00am
China cherishes its strategic partnership with Pakistan

China cherishes its strategic partnership with Pakistan

China cherishes its strategic partnership with Pakistan and wish to consolidate it in all areas of common interests, said a spokesman of the Chinese Foreign Ministry Qin Gang here on Tuesday at a weekly news briefing.
Published 15 Mar, 2006 12:00am
THE RUPEE: dollar higher on persistent demand

THE RUPEE: dollar higher on persistent demand

Dollars' demand persisted in the interbank market on Tuesday as banks continued buying to meet the near-term needs, money experts said. So, the rupee's erosion was four paisa versus the US currency for buying and selling at 60.04 and 60.06.Approximately,
Published 15 Mar, 2006 12:00am
THE RUPEE: dollar higher on persistent demand

THE RUPEE: dollar higher on persistent demand

Dollars' demand persisted in the interbank market on Tuesday as banks continued buying to meet the near-term needs, money experts said. So, the rupee's erosion was four paisa versus the US currency for buying and selling at 60.04 and 60.06.Approximately,
Published 15 Mar, 2006 12:00am
Kenya tourism show opens

Kenya tourism show opens

First Kenya Tourism Show, organised by the Kenya High Commission in Pakistan and the Pak-Kenya Friendship Association and Business Council (PKFABC) was formally inaugurated at a local hotel here on Tuesday.
Published 15 Mar, 2006 12:00am
Gwadar port to become operational partly this year

Gwadar port to become operational partly this year

The Gwadar deep seaport would become operational for limited activities during the current year, Gwadar Development Authority (GDA) Director General Ahmed Bukhsh Lehri said.
Published 15 Mar, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 14, 2006).

Published 15 Mar, 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 15 Mar, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 14, 2006).

Published 15 Mar, 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 15 Mar, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
Condolence meeting

Condolence meeting

As per information received from Punjab Chief Minister House here on Tuesday, collective dua for departed soul of the mother of Chaudhry Pervaiz Elahi, Chief Minister Punjab would be held at CM House, Zahur Elahi Road Lahore on Wednesday 2:30 pm).
Published 15 Mar, 2006 12:00am
46 CIIT students awarded gold medals

46 CIIT students awarded gold medals

Comsats Institute of Information Technology (CIIT) on Tuesday awarded gold medals to 46 students for their outstanding performance in different disciplines.
Published 15 Mar, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (March 14, 2006) and for Wednesday (March 15, 2006).
Published 15 Mar, 2006 12:00am
Ogra approves CNG kits, cylinders of 39 companies

Ogra approves CNG kits, cylinders of 39 companies

CNG kits and cylinders of 39 companies have been approved by the Oil and Gas Regulatory Authority (Ogra) aimed at ensuring safety of consumers, Senior Executive Director operations Ogra Javed Nazir said.
Published 15 Mar, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
Rains firm up hopes for bumper wheat crop

Rains firm up hopes for bumper wheat crop

A substantial rain in most parts of the country during last 48 hours has firmed up hopes for a bumper wheat output, agriculturists said just a fortnight ahead of harvest season is to be started. They said the rain has marginalised fears of damage to the c
Published 15 Mar, 2006 12:00am
SCCI for technical institutes restructuring

SCCI for technical institutes restructuring

Sarhad Chamber of Commerce & Industry (SCCI) President, Ghazanfar Bilour, has stressed the need for the restructuring the vocational and technical educational institutes in the province on modern lines making them capable of imparting education as per cur
Published 15 Mar, 2006 12:00am
Rupali Bank team due today

Rupali Bank team due today

A high level delegation led by Chairman and State Minister Privatisation Commission of Bangladesh Enam Ahmed Chaudhry will visit Karachi from March 15 to 17 in a road show.
Published 15 Mar, 2006 12:00am
NWFP to take up traders' problems with MoC

NWFP to take up traders' problems with MoC

The NWFP government has decided to take up the matter of the adoption of new modalities and procedures of customs authorities regarding Afghan trade and problems faced by the three industrial estates with the Ministry of Commerce (MoC).
Published 15 Mar, 2006 12:00am
LHC confirms death penalty in Musharraf attack case

LHC confirms death penalty in Musharraf attack case

Lahore High Court, Rawalpindi Bench, on Tuesday dismissed the appeal of Mushtaq Ahmed against his death sentence awarded by Anti Terrorism Court for planning assassination attacks on President General Pervez Musharraf.
Published 15 Mar, 2006 12:00am
NWFP to establish water filtration plants at union council level

NWFP to establish water filtration plants at union council level

NWFP Minister for Local government and Rural Development, Sardar Mohammad Idrees informed the Frontier Assembly on Tuesday that for the provision of clean drinking water to people the provincial government was going to install water filtration plants at u
Published 15 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
Train service for women participants of Expo 2006

Train service for women participants of Expo 2006

Adviser to the Prime Minister on Women Development, Nelofar Bakhtiar has said that Peshawar to Karachi train service for carrying skilled women from all the four provinces to attend the Women Expo 2006 will start next month.
Published 15 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 14, 2006).

Published 15 Mar, 2006 12:00am
Supreme Court moved to stay LCNAs polls

Supreme Court moved to stay LCNAs polls

A constitutional petition seeking stay of the elections of the Legislative Council of the Northern Areas (NAs) besides, declaration of the election program as void and without lawful authority was filed in the Supreme Court on Tuesday.
Published 15 Mar, 2006 12:00am
New York cotton

New York cotton

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

Published 15 Mar, 2006 12:00am
Pakistan asked to step up anti-AIDS drive

Pakistan asked to step up anti-AIDS drive

The international donor agencies have asked Pakistan to expedite its efforts to avert a looming danger of HIV/AIDS spread. Sources told Business Recorder that the government has received a fresh call from donor agencies to step up the on-going camp
Published 15 Mar, 2006 12:00am
New York cotton

New York cotton

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

Published 15 Mar, 2006 12:00am
'Japan Week' celebration

'Japan Week' celebration

The Embassy of Japan will celebrate "Japan Week" from March 15 to 21 by organising various cultural events in befitting manner, said a release of the Embassy here on Tuesday.
Published 15 Mar, 2006 12:00am
Euro falls versus dollar in London

Euro falls versus dollar in London

The euro retreated from a one-week high against the dollar on Tuesday, losing ground after a survey showed German investor sentiment unexpectedly worsened in March.
Published 15 Mar, 2006 12:00am
Seoul shares decline

Seoul shares decline

Seoul shares fell for the first session in three on Tuesday, as recent gainers including Samsung Electronics declined on concerns about the impact of higher oil prices on global consumer demand and their operating costs.
Published 15 Mar, 2006 12:00am
Indian shares flat

Indian shares flat

Indian share prices closed flat Tuesday, breaking a three-day rally, as retail investors and overseas funds booked profits, dealers said. They said markets touched an intra-day record on fund buying with the benchmark Sensex striking 10,896.39 points befo
Published 15 Mar, 2006 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks rose on Tuesday, boosted by investment bank Goldman Sachs Group Inc's record quarterly earnings, which lifted shares of brokerages and banks. Goldman, the first major investment bank to report results, jumped 4.7 percent to $147.33. Dow componen
Published 15 Mar, 2006 12:00am
Bonds: Tesco readies deal; Kesa bid knocks peers

Bonds: Tesco readies deal; Kesa bid knocks peers

The retail sector took centre stage in Europe's corporate bond market on Tuesday, as British supermarket group Tesco prepared to issue bonds, while a bid for electrical goods retailer Kesa unsettled some of its peers.
Published 15 Mar, 2006 12:00am
Bonds: Tesco readies deal; Kesa bid knocks peers

Bonds: Tesco readies deal; Kesa bid knocks peers

The retail sector took centre stage in Europe's corporate bond market on Tuesday, as British supermarket group Tesco prepared to issue bonds, while a bid for electrical goods retailer Kesa unsettled some of its peers.
Published 15 Mar, 2006 12:00am
Thousands mass outside Thai Prime Minister's office

Thousands mass outside Thai Prime Minister's office

Thousands of people massed peacefully outside the office of beleaguered Thai Prime Minister Thaksin Shinawatra on Tuesday, their leaders vowing they would stay until he quit.
Published 15 Mar, 2006 12:00am
Maoists road blockade hits Nepal

Maoists road blockade hits Nepal

The first day of a week-long Maoist rebel road blockade in Nepal left highways across the nation deserted, piling fresh pressure on Nepal's King Gyanendra who seized power 13 months ago.
Published 15 Mar, 2006 12:00am