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Print - 2006-03-29
Social Security hospitals to increase beds

Social Security hospitals to increase beds

The Punjab Social Security Department will increase beds in its hospitals from 1400 to 3500, the Social Security Department Commissioner Tahir Naqvi said here on Tuesday.
Published 29 Mar, 2006 12:00am
'Without involving women country can't prosper'

'Without involving women country can't prosper'

Change of attitude in society was imperative for providing social justice to women and local government institutions could play important role in this regard. Women are half of the total population and without involving them country could not prosper.
Published 29 Mar, 2006 12:00am
FCA meeting postponed

FCA meeting postponed

A meeting of the Federal Committee on Agriculture (FCA), scheduled for April 1 to fix production targets of crops for coming Kharif season and review those of outgoing Rabi season, has been put off, sources said on Tuesday.
Published 29 Mar, 2006 12:00am
Musharraf attack case: LHC dismisses petitions of PAF men

Musharraf attack case: LHC dismisses petitions of PAF men

Justice Shahbir Akhtar of the Lahore High Court (LHC) in his short orders dismissed the petitions of four PAF men, Khalid Mehmood (chief technician), Nawazish Ali (carpool technician), Niaz Muhammad (junior technician) and Adnan Rashid (junior technician)
Published 29 Mar, 2006 12:00am
Over 600 terrorists killed in Wana: Sherpao

Over 600 terrorists killed in Wana: Sherpao

Interior Minister Aftab Ahmed Khan Sherpao has reiterated the government's resolve to continue its war against terrorism, saying that more than 600 local and foreign terrorists have been killed or arrested in Wana during the military operation.
Published 29 Mar, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Mar, 2006 12:00am
Prime Minister for addressing root causes of human rights violations

Prime Minister for addressing root causes of human rights violations

Prime Minister Shaukat Aziz on Tuesday said the government was working for formulation and enforcement of more strict laws to check crimes such as human and drug trafficking and was taking steps to provide better economic opportunities for uplift of depri
Published 29 Mar, 2006 12:00am
National Assembly body for NCSW services at grassroots level

National Assembly body for NCSW services at grassroots level

National Assembly Standing Committee on Women Development Chairperson Mehnaz Rafi has stressed the need for introducing the services of the National Commission on Status of Women (NCSW) at grassroots level, setting up the NCSW offices in every province an
Published 29 Mar, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 28, 2006).

Published 29 Mar, 2006 12:00am
Outgoing Japanese envoy meets Elahi

Outgoing Japanese envoy meets Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi met outgoing Ambassador of Japan to Pakistan Nobuaki Tanaka here on Tuesday. Bilateral relations, economic co-operation and development projects were discussed in the meeting.
Published 29 Mar, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Mar, 2006 12:00am
Rind sees silent revolution in Balochistan

Rind sees silent revolution in Balochistan

Minister for States and Frontier Regions, Yar Muhammad Rind said on Tuesday that completion of mega projects in Balochistan would bring a silent revolution of development in the province. Speaking in a PTV programme, he said, most of the mega projects cur
Published 29 Mar, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Mar, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Mar, 2006 12:00am
Funds shortage hampers RDA's MTDF programme

Funds shortage hampers RDA's MTDF programme

The Rawalpindi Development Authority (RDA) has failed to get funds for its medium-term development framework (MTDF), a three-year plan for urban development and housing in the city, as the organisation could not convince the ministers and elected represen
Published 29 Mar, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (March 28, 2006).

Published 29 Mar, 2006 12:00am
Pakistani firm importing Indian tractors via Dubai

Pakistani firm importing Indian tractors via Dubai

Though import of Indian tractors is banned in Pakistan, one of the companies which had been given permission to import duty-free tractors, is reportedly bringing Indian tractors "Farmtrac" through Dubai.
Published 29 Mar, 2006 12:00am
Punjab irrigation to release 3,500 cusecs water at Panjnad

Punjab irrigation to release 3,500 cusecs water at Panjnad

The Irrigation authorities of Punjab have agreed to release 3,500 cusecs of water by closing its canals at Panjnad Headworks. This was decided after discussing the issue in detail by Indus River System Authority (IRSA) with Irrigation authorities Punjab o
Published 29 Mar, 2006 12:00am
Punjab irrigation to release 3,500 cusecs water at Panjnad

Punjab irrigation to release 3,500 cusecs water at Panjnad

The Irrigation authorities of Punjab have agreed to release 3,500 cusecs of water by closing its canals at Panjnad Headworks. This was decided after discussing the issue in detail by Indus River System Authority (IRSA) with Irrigation authorities Punjab o
Published 29 Mar, 2006 12:00am
Anti-dumping duty on Chinese shoes likely

Anti-dumping duty on Chinese shoes likely

Federal Commerce Minister Humayun Akhtar has said that anti-dumping duty could be imposed on import of Chinese shoes if the local footwear industry convince the National Tariff Commission (NTC) on its case.
Published 29 Mar, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (March 28, 2006).

Published 29 Mar, 2006 12:00am
Anti-dumping duty on Chinese shoes likely

Anti-dumping duty on Chinese shoes likely

Federal Commerce Minister Humayun Akhtar has said that anti-dumping duty could be imposed on import of Chinese shoes if the local footwear industry convince the National Tariff Commission (NTC) on its case.
Published 29 Mar, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (March 28, 2006).

Published 29 Mar, 2006 12:00am
Anti-dumping duty on Chinese shoes likely

Anti-dumping duty on Chinese shoes likely

Federal Commerce Minister Humayun Akhtar has said that anti-dumping duty could be imposed on import of Chinese shoes if the local footwear industry convince the National Tariff Commission (NTC) on its case.
Published 29 Mar, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (March 28, 2006).

Published 29 Mar, 2006 12:00am
Anti-dumping duty on Chinese shoes likely

Anti-dumping duty on Chinese shoes likely

Federal Commerce Minister Humayun Akhtar has said that anti-dumping duty could be imposed on import of Chinese shoes if the local footwear industry convince the National Tariff Commission (NTC) on its case.
Published 29 Mar, 2006 12:00am
Punjab irrigation to release 3,500 cusecs water at Panjnad

Punjab irrigation to release 3,500 cusecs water at Panjnad

The Irrigation authorities of Punjab have agreed to release 3,500 cusecs of water by closing its canals at Panjnad Headworks. This was decided after discussing the issue in detail by Indus River System Authority (IRSA) with Irrigation authorities Punjab o
Published 29 Mar, 2006 12:00am
Pakistani firm importing Indian tractors via Dubai

Pakistani firm importing Indian tractors via Dubai

Though import of Indian tractors is banned in Pakistan, one of the companies which had been given permission to import duty-free tractors, is reportedly bringing Indian tractors "Farmtrac" through Dubai.
Published 29 Mar, 2006 12:00am
Pakistani firm importing Indian tractors via Dubai

Pakistani firm importing Indian tractors via Dubai

Though import of Indian tractors is banned in Pakistan, one of the companies which had been given permission to import duty-free tractors, is reportedly bringing Indian tractors "Farmtrac" through Dubai.
Published 29 Mar, 2006 12:00am
No withholding tax on cash withdrawals for quake victims

No withholding tax on cash withdrawals for quake victims

The Central Board of Revenue (CBR) has withdrawn 0.1 percent withholding tax on cash withdrawals, from the banks, made by the earthquake victims against the compensation received by the government.
Published 29 Mar, 2006 12:00am
No withholding tax on cash withdrawals for quake victims

No withholding tax on cash withdrawals for quake victims

The Central Board of Revenue (CBR) has withdrawn 0.1 percent withholding tax on cash withdrawals, from the banks, made by the earthquake victims against the compensation received by the government.
Published 29 Mar, 2006 12:00am
No withholding tax on cash withdrawals for quake victims

No withholding tax on cash withdrawals for quake victims

The Central Board of Revenue (CBR) has withdrawn 0.1 percent withholding tax on cash withdrawals, from the banks, made by the earthquake victims against the compensation received by the government.
Published 29 Mar, 2006 12:00am
No withholding tax on cash withdrawals for quake victims

No withholding tax on cash withdrawals for quake victims

The Central Board of Revenue (CBR) has withdrawn 0.1 percent withholding tax on cash withdrawals, from the banks, made by the earthquake victims against the compensation received by the government.
Published 29 Mar, 2006 12:00am
Crosby Dragon Fund rated 3-Star

Crosby Dragon Fund rated 3-Star

The Pakistan Credit Rating Agency (Pacra) has assigned a 3-Star fund rating (category: equity fund) to the Crosby Dragon Fund (CDF), which reflects an average performance relative to its peers. The rating is a composite measure of two factors namely (i) r
Published 29 Mar, 2006 12:00am
Dow dips, Nasdaq up as US investors wary before Fed

Dow dips, Nasdaq up as US investors wary before Fed

US blue chip stocks closed slightly lower on Monday on light volume as investors turned cautious while they awaited the outcome of new Fed Chairman Ben Bernanke's first policy-setting meeting, which may give clues about the outlook for interest rates.
Published 29 Mar, 2006 12:00am
Hong Kong shares led by China Mobile

Hong Kong shares led by China Mobile

Hong Kong stocks rose on Tuesday, helped by index heavyweight China Mobile (Hong Kong) Ltd and rising property shares ahead of the first US Federal Reserve policy decision under chairman Ben Bernanke. The benchmark Hang Seng index rose 0.26 percent to 15,
Published 29 Mar, 2006 12:00am
Chinese shares rally

Chinese shares rally

China's shares closed up 0.22 percent on Tuesday, as banking and real estate shares gained on expectations of a stronger Chinese currency. The benchmark Shanghai composite index finished at 1,298.791 points and has now risen 11.86 percent since the end of
Published 29 Mar, 2006 12:00am
Taiwan stocks close firmer

Taiwan stocks close firmer

Taiwan stocks closed higher for the third straight session on Tuesday as investors searched for tech bargains like smart phone maker HTC. But sentiment was cautious ahead of a US Federal Reserve meeting.
Published 29 Mar, 2006 12:00am
Strike over job law hits France

Strike over job law hits France

Hundreds of thousands of French transport workers, teachers and other employees staged a one-day national strike on Tuesday and marched through the streets to try to force the government to abandon a new youth job law.
Published 29 Mar, 2006 12:00am
Clashes at Paris demonstration, over 100 held

Clashes at Paris demonstration, over 100 held

Police arrested more than 100 people during disturbances on the fringes of the Paris demonstration against a new youth jobs law, according to a provisional police count.
Published 29 Mar, 2006 12:00am
Boeing to expand 787 family

Boeing to expand 787 family

Boeing Co has decided to proceed with an expanded version of its hot-selling 787 Dreamliner jet, bowing to pressure from airlines, the executive who heads the 787 program said on Monday.
Published 29 Mar, 2006 12:00am
Eurozone home borrowing at six-year high: ECB

Eurozone home borrowing at six-year high: ECB

Eurozone borrowing to buy homes increased in early 2006 at its fastest rate in more than six years, a rise likely to fan European Central Bank concerns about house prices in parts of the zone.
Published 29 Mar, 2006 12:00am
Malaysian Airlines to shed 6,500 staff

Malaysian Airlines to shed 6,500 staff

Malaysia's state-controlled flag carrier, Malaysian Airline System Bhd, aims to shed almost a third of its workforce under plans to cut unprofitable routes and return to the black.
Published 29 Mar, 2006 12:00am
Lamy warns against missing April deadline

Lamy warns against missing April deadline

World Trade Organisation (WTO) chief Pascal Lamy warned member states on Tuesday it would be a huge mistake to miss an April deadline for accords vital to an eventual global trade treaty.
Published 29 Mar, 2006 12:00am
41 members sign revised trademark treaty: UN

41 members sign revised trademark treaty: UN

Sounds and scents are among the new, unusual items included in a revised trademark treaty signed by 41 countries in Singapore on Tuesday, a United Nations agency said.
Published 29 Mar, 2006 12:00am
Turkey to buy 100 combat jets worth $10 billion

Turkey to buy 100 combat jets worth $10 billion

Turkey's Air Force plans to buy 100 new generation combat aircraft worth $10 billion and will decide by the end of 2006 which aircraft to purchase, the Anatolian state news agency quoted a senior official on Tuesday as saying.
Published 29 Mar, 2006 12:00am
German sentiment surges to 15-year high

German sentiment surges to 15-year high

German business sentiment unexpectedly surged to a 15-year high in March, showing a broad recovery in Europe's largest economy and increasing expectations that the European Central Bank will raise interest rates in May.
Published 29 Mar, 2006 12:00am
Microsoft faces last chance

Microsoft faces last chance

Microsoft has a last chance to convince EU regulators this week that the software giant should not be fined up to 2 million euros ($2.4 million) daily for failing to carry out antitrust sanctions.
Published 29 Mar, 2006 12:00am
US senators unveil bill to prod China on currency

US senators unveil bill to prod China on currency

Two senior senators on Tuesday proposed the US Treasury create a new position to toughen efforts to get countries like China to let currencies appreciate to bring down US trade deficits.
Published 29 Mar, 2006 12:00am
Malaysian palm oil futures down

Malaysian palm oil futures down

Malaysian crude palm oil futures ended down on Tuesday, with the market expected to stay sluggish as dealers wait for signs of a pick-up in demand after export estimates proved weaker than expected, traders said.
Published 29 Mar, 2006 12:00am
Asian rubber: Tokyo futures up, physicals strong

Asian rubber: Tokyo futures up, physicals strong

Tokyo rubber futures rallied to a fresh three-week high on Tuesday as a brighter technical picture induced fresh buying from fund operators, providing overall support to physical prices in Southeast Asia.
Published 29 Mar, 2006 12:00am
CBOT rice settles lower in technical retreat

CBOT rice settles lower in technical retreat

Rough rice futures at the Chicago Board of Trade closed lower on Monday, retreating in a technical sell-off after rally stalled, traders said.
Published 29 Mar, 2006 12:00am
Soya rises, but well below day's highs

Soya rises, but well below day's highs

Soyabean futures at the Chicago Board of Trade closed higher on Monday on technical fund buying, but the market closed well below the day's highs, traders said.
Published 29 Mar, 2006 12:00am
New York sugar ends at six-week high

New York sugar ends at six-week high

Raw sugar futures closed on Monday at a six-week high on speculative and fund buying as the market is seen extending a surge on follow-through buying in the days ahead, brokers said.
Published 29 Mar, 2006 12:00am
Indian wheat and soyaoil futures fall, sugar mixed

Indian wheat and soyaoil futures fall, sugar mixed

Indian wheat futures fell on new market arrivals on Tuesday, while soyaoil lost on global factors and sugar was mixed on expectations the government will release fresh stocks to stabilise prices.
Published 29 Mar, 2006 12:00am
LME copper steadies near peaks; upturned firm

LME copper steadies near peaks; upturned firm

Copper prices were mostly steady on Tuesday, hovering not far from their latest all-time peak on Tuesday, as supply disruptions convinced traders that a test of $6,000 was likely.
Published 29 Mar, 2006 12:00am
Malaysian tin ends at near one-year high

Malaysian tin ends at near one-year high

Malaysia's tin price rose 1.2 percent on Tuesday to its highest level in nearly a year, helped by foreign buying and a higher price of the metal in London.
Published 29 Mar, 2006 12:00am
Rouen grain exports at 478,917 tonnes

Rouen grain exports at 478,917 tonnes

Grain exports from the French port of Rouen totalled 478,917 tonnes for March 1-22, comprising 438,701 tonnes of wheat and 40,216 tonnes of barley, port officials said on Tuesday.
Published 29 Mar, 2006 12:00am
Gold and silver post gains in Asian markets

Gold and silver post gains in Asian markets

Spot silver stayed bullish on Tuesday near the 22-year high hit a day in New York on hopes that a proposed exchange-traded fund (ETF) will prompt significant demand for the metal.
Published 29 Mar, 2006 12:00am
Tokyo gold rises to three-week high

Tokyo gold rises to three-week high

Tokyo gold futures closed higher in brisk trade on Tuesday as a softer yen spurred buying, pushing the most heavily traded contract out of its recent narrow range and taking it to a three-week high.
Published 29 Mar, 2006 12:00am
New York silver at 22-year high

New York silver at 22-year high

Silver futures in New York rallied to end at a 22-year high on Monday, boosted by fund buying and expectations of stronger long-term demand, pushing other precious metals sharply higher as well, dealers said.
Published 29 Mar, 2006 12:00am
New York copper hits new highs

New York copper hits new highs

US copper futures closed firm on Monday, with prices setting new all-time highs for the fourth straight session, as global supply worries continued to bolster funds' appetite for the red metal, sources said.
Published 29 Mar, 2006 12:00am
New York cocoa futures down

New York cocoa futures down

US benchmark cocoa futures dipped 0.3 percent on Monday with switch trading making up the bulk of turnover, market sources said.
Published 29 Mar, 2006 12:00am
MGE wheat lower on light fund selling

MGE wheat lower on light fund selling

Spring wheat futures on the Minneapolis Grain Exchange closed lower on Monday on light selling by commodity funds and slipover weakness from outside wheat markets, traders said. Light pricing by domestic flourmills helped underpin prices.
Published 29 Mar, 2006 12:00am
Uzbekistan cotton fibre output up

Uzbekistan cotton fibre output up

Uzbekistan raised cotton fibre production by 3.2 percent to 292,550 tonnes in the first two months of 2006, official statistics showed on Tuesday.
Published 29 Mar, 2006 12:00am
24 killed as rival groups clash in Bara

24 killed as rival groups clash in Bara

Security forces on Tuesday were put on high alert after an armed group attacked the house of the rival group with heavy weapons in Bara, Khyber Agency, killing at least 19 people and injuring 14 others. The attackers also put the house of the rival group
Published 29 Mar, 2006 12:00am
Syria rejects bids in tender to sell wheat

Syria rejects bids in tender to sell wheat

Syria's state gain agency has rejected all bids in a tender for the sale and export of 20,000 tonnes of soft baking wheat and 20,000 tonnes of hard amber durum wheat, European traders said on Tuesday.
Published 29 Mar, 2006 12:00am
24 killed as rival groups clash in Bara

24 killed as rival groups clash in Bara

Security forces on Tuesday were put on high alert after an armed group attacked the house of the rival group with heavy weapons in Bara, Khyber Agency, killing at least 19 people and injuring 14 others. The attackers also put the house of the rival group
Published 29 Mar, 2006 12:00am
Fed raises rates

Fed raises rates

In their first meeting under new chief Ben Bernanke, Federal Reserve officials lifted a key US interest rate on Tuesday a 15th straight time and said further moves may be needed to keep inflation at bay.
Published 29 Mar, 2006 12:00am
India's Simbhaoli to sell 12,500 tonnes sugar

India's Simbhaoli to sell 12,500 tonnes sugar

India's Simbhaoli Sugar Mills Ltd will sell up to 12,500 tonnes to an international trading house for export in April, a company official said on Tuesday.
Published 29 Mar, 2006 12:00am
Fed raises rates

Fed raises rates

In their first meeting under new chief Ben Bernanke, Federal Reserve officials lifted a key US interest rate on Tuesday a 15th straight time and said further moves may be needed to keep inflation at bay.
Published 29 Mar, 2006 12:00am
Japan farm ministry opposes listing of rice futures

Japan farm ministry opposes listing of rice futures

Japan's farm ministry said on Tuesday it will not approve listing of rice futures by Japanese commodity exchanges due to concerns that such trade might have a negative impact on the government's plan to reform rice output.
Published 29 Mar, 2006 12:00am