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Print - 2006-03-16
Legislation about GP Fund amount under process

Legislation about GP Fund amount under process

Punjab Governor Lieutenant General Khalid Maqbool (Retd) has said that legislation regarding GP Fund amount is under process so that it could be invested through professional management.
Published 16 Mar, 2006 12:00am
'Baking industry poised to have a rapid growth'

'Baking industry poised to have a rapid growth'

'First Professional Baking Technology' short course organised by the US Soybean Export Council and American Institute of Baking, with the objective of transfer of technology and capacity building of human resource working in the baking industry of Pakista
Published 16 Mar, 2006 12:00am
Businessmen urged to adopt aggressive strategy

Businessmen urged to adopt aggressive strategy

The Ambassador (designate) to Sweden, Shaheen Gilani, has urged the Pakistani businessmen to join hands with their Swedish counterparts, who have a hand on technology and far ahead in terms of technological advancement when compared to a number of other c
Published 16 Mar, 2006 12:00am
Petition against Senator Haroon disposed of

Petition against Senator Haroon disposed of

The Lahore High Court (LHC) has disposed of a petition against Senator Haroon Akhtar for contesting senate elections on technocrat seat. The petitioner, a candidate of PPPP on the same seat Dr Israr contended in his petition that the respondent was a dire
Published 16 Mar, 2006 12:00am
Flour millers demand cut in interest rate

Flour millers demand cut in interest rate

Pakistan Flour Mills Association - Punjab Branch Chairman Haji Muhammad Ibrahim has urged the State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar that interest rate on loans to be given to flour mills for wheat purchase should be reduced.
Published 16 Mar, 2006 12:00am
Sugarcane growers satisfied with profits

Sugarcane growers satisfied with profits

Chaudhry Hanif Gujjar, Secretary General, Pakistan Kisan Movement, said the sugarcane growers are quite happy with the profits they have made on their cane crop during ongoing crushing season.
Published 16 Mar, 2006 12:00am
Safeway Mutual Fund rating assessed

Safeway Mutual Fund rating assessed

JCR-VIS Credit Rating Co Ltd has assessed the performance ranking of Safeway Mutual Fund Limited (SMFL) for the period ended June 30, 2005 at MFR 3-Star, which denotes 'average performance' vis-a-vis other closed-end funds.
Published 16 Mar, 2006 12:00am
Safeway Mutual Fund rating assessed

Safeway Mutual Fund rating assessed

JCR-VIS Credit Rating Co Ltd has assessed the performance ranking of Safeway Mutual Fund Limited (SMFL) for the period ended June 30, 2005 at MFR 3-Star, which denotes 'average performance' vis-a-vis other closed-end funds.
Published 16 Mar, 2006 12:00am
CNIC and NTN must for trade bodies membership

CNIC and NTN must for trade bodies membership

The Ministry of Commerce has started to tighten the noose round the trade bodies in an effort to cleanse the "contaminated" rendezvous of members of businessmen of "bad" influences and ensure good governance.
Published 16 Mar, 2006 12:00am
KWSB chief gets tough against inefficient officials

KWSB chief gets tough against inefficient officials

After Brigadier Iftikhar Haider, Managing Director of the Karachi Water and Sewerage Board (KWSB), it is now turn of the deputy managing directors to proceed on leave to save themselves from departmental disciplinary actions on the grounds of inefficiency
Published 16 Mar, 2006 12:00am
Cash dividend, bonus for Union Bank shareholders

Cash dividend, bonus for Union Bank shareholders

The 14th Annual General Meeting (AGM) of the shareholders of Union Bank Limited approved a cash dividend at a rate of Rs two per share and issue of bonus shares at a rate of 20 shares for every 100 shares held, which is in addition to the 15 per cent bonu
Published 16 Mar, 2006 12:00am
Cash dividend, bonus for Union Bank shareholders

Cash dividend, bonus for Union Bank shareholders

The 14th Annual General Meeting (AGM) of the shareholders of Union Bank Limited approved a cash dividend at a rate of Rs two per share and issue of bonus shares at a rate of 20 shares for every 100 shares held, which is in addition to the 15 per cent bonu
Published 16 Mar, 2006 12:00am
Box trade up by 73 percent at Port Qasim

Box trade up by 73 percent at Port Qasim

Federal Minister for Ports and Shipping Babar Khan Ghauri on Wednesday said that box trade had registered a phenomenal growth of 73 percent at Port Qasim (PQ) during the tenure of the present government due to its judicious and user-friendly approach.
Published 16 Mar, 2006 12:00am
PQA registers 36 percent growth in cargo handling

PQA registers 36 percent growth in cargo handling

The growth trajectory at Port Qasim was recorded at 36 percent during February and March. It has been able to sustain the growth over the years and its performance during the present government had been remarkable, according to the report available here o
Published 16 Mar, 2006 12:00am
Qazi named Chief Election Commissioner

Qazi named Chief Election Commissioner

President General Pervez Musharraf on Wednesday appointed former Justice Qazi Muhammad Farooq as Chief Election Commissioner for a term of three years.
Published 16 Mar, 2006 12:00am
Qazi named Chief Election Commissioner

Qazi named Chief Election Commissioner

President General Pervez Musharraf on Wednesday appointed former Justice Qazi Muhammad Farooq as Chief Election Commissioner for a term of three years.
Published 16 Mar, 2006 12:00am
National Assembly panel recommends passage of Arbitral Award Bill

National Assembly panel recommends passage of Arbitral Award Bill

National Assembly's Standing Committee on Foreign Affairs on Wednesday discussed the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Bill, 2005 (Ordinance No VIII of 2005) and suggested some amendments, and recommended to
Published 16 Mar, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (March 15, 2006) and the forecast for Thursday (March 16, 2006).
Published 16 Mar, 2006 12:00am
Formation of Council for religious leaders in last stage

Formation of Council for religious leaders in last stage

AIDS patients registered at ARV Center in Hayatabad Medical Complex (HMC) are getting free medicines, while the formation of Council for religious leaders was in its last stage to involve Ulema in a campaign against the deadly disease.
Published 16 Mar, 2006 12:00am
New York cotton

New York cotton

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

Published 16 Mar, 2006 12:00am
Ijaz calls on Imam-e-Kaaba

Ijaz calls on Imam-e-Kaaba

Minister for Religious Affairs Mohammad Ijaz-ul-Haq on Wednesday called on "Imam-e-Kaaba" Sheikh Mohammad Abdullah Alsabil at his residence in Makkah Mukarmah. The minister extended well wishes of President Pervez Musharraf and Prime Minister Shaukat Aziz
Published 16 Mar, 2006 12:00am
New York cotton

New York cotton

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

Published 16 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
State of public health in remote areas dismal

State of public health in remote areas dismal

The state of public health is dismal in remote areas of D.G. Khan, where a large number of women and children are facing malnutrition, abdominal diseases, anaemia, scabies, restlessness, respiratory diseases, joint pains, skin and eye infections, tubercul
Published 16 Mar, 2006 12:00am
Government committed to rehabilitate special persons: minister

Government committed to rehabilitate special persons: minister

Minister for Social Welfare and Special Education, Zobaida Jalal on Wednesday said the government is committed to the welfare and rehabilitation of special persons aimed at bringing social revolution in the country.
Published 16 Mar, 2006 12:00am
Supreme Court stays death penalty of accused in attack on President

Supreme Court stays death penalty of accused in attack on President

The Supreme Court on Wednesday stayed execution of an accused awarded death sentence by the military trial court upheld by the Rawalpindi Bench of the Lahore High Court on the charges of plotting to assassinate President General Pervez Musharraf by bomb e
Published 16 Mar, 2006 12:00am
Gas supply to CNG stations on highways ensured

Gas supply to CNG stations on highways ensured

Gas supply to all CNG stations being set up on highways would be ensured. Director General Gas Saadullah Shah said talking to CNG Dealers Association's representatives, a private TV channel reported.
Published 16 Mar, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
National sanitation policy prepared

National sanitation policy prepared

The ministry of environment has prepared the National Sanitation Policy in consultation with all the relevant stakeholders including provincial governments and the civil society organisations.
Published 16 Mar, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (March 15, 2006) and for Thursday (March 16, 2006).
Published 16 Mar, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, March 16, 2006.

Published 16 Mar, 2006 12:00am
'Action against land grabbers being planned'

'Action against land grabbers being planned'

Deputy Inspector General Police Gujranwala Range Zafar Abbas Luk has said the strategy was being evolved for taking action against Qabza group and land-grabbers in Gujranwala range.
Published 16 Mar, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, March 16, 2006.

Published 16 Mar, 2006 12:00am
Work on Diamer-Bhasha dam set to take off

Work on Diamer-Bhasha dam set to take off

President General Pervez Musharraf will perform in a couple of days the ground-breaking of Diamer-Bhasha dam, Pakistan's first mega reservoir in nearly 30 years, that would propel the country's economy and immensely contribute to the efforts for poverty a
Published 16 Mar, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, March 16, 2006.

Published 16 Mar, 2006 12:00am
Ban on import of laser scrapers urged

Ban on import of laser scrapers urged

The Agricultural Implements Manufacturers Association, Daska, has urged the government to immediately impose ban on the imports of laser system to be used in scrapers for boosting the national farm machinery manufacturing industry of the country.
Published 16 Mar, 2006 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
Afghan leadership attitude resented

Afghan leadership attitude resented

Former foreign secretary Dr Tanveer Ahmed Khan has said it did not suit the Afghan leadership to blame Pakistan for untoward law and order situation in that country.
Published 16 Mar, 2006 12:00am
JKLF chief urges inclusion of Kashmiris in talks

JKLF chief urges inclusion of Kashmiris in talks

The Kashmiri leadership should be included in the talks process, only then a viable solution of the issue could be found, the Jammu and Kashmir Liberation Front (JKLF) Chairman Yasin Malik said speaking in a private TV channel programme.
Published 16 Mar, 2006 12:00am
Heavy investment seen in Systems Limited equity

Heavy investment seen in Systems Limited equity

A large number of organisations operating in investment, insurance and Modaraba sectors in Pakistan have recently invested in the equity of Systems Limited (SL) through private equity transaction.
Published 16 Mar, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
Heavy investment seen in Systems Limited equity

Heavy investment seen in Systems Limited equity

A large number of organisations operating in investment, insurance and Modaraba sectors in Pakistan have recently invested in the equity of Systems Limited (SL) through private equity transaction.
Published 16 Mar, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
Foreign delegates briefed about Port Qasim projects

Foreign delegates briefed about Port Qasim projects

A 24-member foreign delegation visited Port Qasim on Wednesday. Comprising members from different countries, the delegation was given a detailed briefing on Port Qasim and its on-going and future projects by media advisor Rizwan Khan.
Published 16 Mar, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
Bhittai's Urs celebrations start

Bhittai's Urs celebrations start

Sindh Chief Minister, Dr Arbab Ghulam Rahim, on Wednesday announced to regularise the staff of Bhit Shah Cultural Centre besides announcing an amount of Rs 0.5 million to be disbursed among the artists of Sindh.
Published 16 Mar, 2006 12:00am
Amendment in Pure Food Act soon

Amendment in Pure Food Act soon

City District Government Karachi (CDGK) is preparing amendment in Pure Food Act that would be sent to the government for its approval and legislation.
Published 16 Mar, 2006 12:00am
Consumer Rights Day observed

Consumer Rights Day observed

Consumer Protection Society Multan (CPSM) on Wednesday observed the World Consumer Rights Day (WCRD) to express solidarity with the consumers movement.
Published 16 Mar, 2006 12:00am
THE RUPEE: steep fall versus dollar and euro

THE RUPEE: steep fall versus dollar and euro

Rising demand by the corporate sector pushed the rupee into the minus column, falling nine paisa against the dollar in the interbank market for buying and selling at 60.13 and 60.15, currency experts said.
Published 16 Mar, 2006 12:00am
'Proper legislation essential to protect consumer rights'

'Proper legislation essential to protect consumer rights'

The Advisor to Sindh Chief Minister for Environment & Information Technology Nouman Sehgal has said that proper legislation with institutional improvement was essential to protect the consumers' rights in the country.
Published 16 Mar, 2006 12:00am
THE RUPEE: steep fall versus dollar and euro

THE RUPEE: steep fall versus dollar and euro

Rising demand by the corporate sector pushed the rupee into the minus column, falling nine paisa against the dollar in the interbank market for buying and selling at 60.13 and 60.15, currency experts said.
Published 16 Mar, 2006 12:00am
Laws to control price hike in the offing: summary sent to governor

Laws to control price hike in the offing: summary sent to governor

City Nazim Syed Mustafa Kamal has said that strict laws against those involved in price hike alone can bring improvement in the society. A summary has been sent to Sindh Governor Dr Ishrat-ul-Ibad Khan recommending a minimum fine of Rs 100,000 and six-mon
Published 16 Mar, 2006 12:00am
Deregulation to benefit interests of consumers

Deregulation to benefit interests of consumers

Executive Director of Consumer Protection Network Ayaz Kiyani on Wednesday called for strict implementation of consumer law, as a legal manifestation to protect consumers against hazardous products, services and restrictive trade practices.
Published 16 Mar, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Senate met for its first working day on Wednesday evening almost two hours behind schedule but when it finally did meet the ambience in the House was too tranquil to be real.
Published 16 Mar, 2006 12:00am
Reports of Bugti self-exile denied

Reports of Bugti self-exile denied

A spokesperson for Nawab Akbar Bugti has contradicted reports that the Baloch tribal chief had flown out of the country. "He (Bugti) is among his people in Dera Bugti and is leading them in a war Islamabad had imposed on them," Senator Shahid Bugti told m
Published 16 Mar, 2006 12:00am
13 injured in Quetta blast

13 injured in Quetta blast

A bomb exploded in a grocery shop on Wednesday in Quetta, injuring 13 people, police said. The explosion hit the main market in the Balochistan capital and most of the injured were in a bus that was passing by, city police chief Mujeebur Rehman told AFP.
Published 16 Mar, 2006 12:00am
13 injured in Quetta blast

13 injured in Quetta blast

A bomb exploded in a grocery shop on Wednesday in Quetta, injuring 13 people, police said. The explosion hit the main market in the Balochistan capital and most of the injured were in a bus that was passing by, city police chief Mujeebur Rehman told AFP.
Published 16 Mar, 2006 12:00am
Bidding for FM Radio licences award held

Bidding for FM Radio licences award held

The first part of phase-IV to award FM radio licences for 47 districts of Pakistan was accomplished on Wednesday, through an open and transparent bidding.
Published 16 Mar, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
High mark up rates to affect wheat procurement: PFMA

High mark up rates to affect wheat procurement: PFMA

The flour industry has cautioned the government that its policy of allowing commercial banks to finance private sector for aggressive wheat procurement may not work to the expectations due to high mark up.
Published 16 Mar, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Mar, 2006 12:00am
Telenor launches djuice service

Telenor launches djuice service

Telenor brings Pakistan an exciting new offer for the youth, said Telenor's Chief Marketing Officer Bjorn Taale Sandberg at the launch of djuice service.
Published 16 Mar, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Mar, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Mar, 2006 12:00am
Legislation to prevent medical malpractices stressed

Legislation to prevent medical malpractices stressed

Speakers here at a book launching ceremony on Wednesday underlined the need of an effective legislation to prevent medical negligence and malpractice's, resulting into loss of precious human lives.
Published 16 Mar, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (March 15, 2006).

Published 16 Mar, 2006 12:00am
Sales tax internal audit suspension termed meaningless

Sales tax internal audit suspension termed meaningless

Suspension of sales tax internal audit is serving no purpose, as the Directorate General of Intelligence and Investigation (I&I), Customs and Excise has again started audit of a large number registered units putting aside redefined role of these agencies
Published 16 Mar, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Mar, 2006 12:00am
'CNG sector attracts Rs 45 billion investment'

'CNG sector attracts Rs 45 billion investment'

Minister for Petroleum and Natural Resources, Amanullah Jadoon said on Wednesday CNG sector in the country has attracted an investment of Rs 45 billion during the last few years and this would keep pace in the days ahead.
Published 16 Mar, 2006 12:00am
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