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Print - 2006-03-30
Importance of IT

Importance of IT

For the last one decade, information technology is playing a vital role. The problem with the Third World countries is that they still lack IT in many sectors. This is the right time for both the government and private sectors to work side by side, provid
Published 30 Mar, 2006 12:00am
Six of a family killed

Six of a family killed

Six members of a family were killed and a girl sustained injuries due to property dispute at village Lalupur here on Wednesday. Those who were killed identified as Muhammad Rafiq (50), his wife Mumtaz Bibi (45), daughters - Saira (23), Asia (20), and sons
Published 30 Mar, 2006 12:00am
New York cotton

New York cotton

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

Published 30 Mar, 2006 12:00am
New York cotton

New York cotton

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

Published 30 Mar, 2006 12:00am
Urs of Nizamuddin Aulia

Urs of Nizamuddin Aulia

The Ministry of Religious Affairs, Zakat and Ushr has invited applications from interested pilgrims for annual Urs of Hazrat Khwaja Nizamuddin Aulia (RA) to be held from May 11-18, in New Delhi, India.
Published 30 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 29, 2006).

Published 30 Mar, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 29, 2006).

Published 30 Mar, 2006 12:00am
Rs 140 billion uplift projects underway in Balochistan: Owais

Rs 140 billion uplift projects underway in Balochistan: Owais

Balochistan Governor Owais Ahmed Ghani has said that development projects worth Rs 140 billion are underway in the province. In an interview with BBC TV, he said after October 1999 special attention was given to the development of Balochistan.
Published 30 Mar, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (March 29, 2006) and the forecast for Thursday (March 30, 2006).
Published 30 Mar, 2006 12:00am
Unplanned use of CNG

Unplanned use of CNG

According to the economic survey 2004-05, some 700 Compressed Natural Gas (CNG) stations are operating in the country, while 200 are under construction.
Published 30 Mar, 2006 12:00am
Peace puts Algerian economy on road to revival

Peace puts Algerian economy on road to revival

In the 1990s, business travellers were a rarity in Algeria, the north African country that became a byword for turmoil during a war between the security services and Islamist rebels.
Published 30 Mar, 2006 12:00am
Sustainability of micro finance institutions

Sustainability of micro finance institutions

Soon after the success stories of micro financing pioneers like Grameen Bank of Bangladesh travelled to all parts of the world in the late seventies, there occurred an upsurge in development of this new segment of the financial sector in almost all the de
Published 30 Mar, 2006 12:00am
Adult literacy project

Adult literacy project

The launching of Rs 4.84 billion adult literacy programmes by the federal and provincial governments to attain the targets set under of the Education For All (EFA) project by 2015, represents yet another brave attempt to achieve the goal that has so far p
Published 30 Mar, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 29, 2006).

Published 30 Mar, 2006 12:00am
Copper at fresh peak

Copper at fresh peak

Copper closed at a new record high on the London Metal Exchange (LME) on Wednesday, after a late surge of buying, with the market soon expected to test $6,000 a tonne, dealers said.
Published 30 Mar, 2006 12:00am
UK top share index rebounds

UK top share index rebounds

Britain's top shares rebounded on Wednesday, recouping some of their losses earlier in the week as energy company BG Group gained on bid speculation and as grocer Sainsbury rose after beating market forecasts with its quarterly figures.
Published 30 Mar, 2006 12:00am
Coconut futures trading launched in Kerala

Coconut futures trading launched in Kerala

India's National Multi-Commodity Exchange Wednesday launched coconut futures trading in the southern coastal state of Kerala as part of an effort to help farmers get better prices, a report said.
Published 30 Mar, 2006 12:00am
Turkey tells US it will end rice import quotas

Turkey tells US it will end rice import quotas

Turkey's trade minister said on Wednesday his country would abolish rice quotas from July 31 in a move aimed at resolving a dispute with the United States over access to Turkey's $200 million rice market.
Published 30 Mar, 2006 12:00am
US soya seedings set to grow on rotation in USDA

US soya seedings set to grow on rotation in USDA

US farmers are likely to plant an additional 2 million acres of soyabeans this spring compared with 2005 due to the crop rotation cycle and the higher cost of planting corn amid rising energy prices, analysts said.
Published 30 Mar, 2006 12:00am
Oil prices rise as US gasoline supplies fall

Oil prices rise as US gasoline supplies fall

Oil prices gained 33 cents to hold over $66 a barrel on Wednesday on worries over falling US gasoline inventories as the world's top energy consumer gears up for the summer driving season.
Published 30 Mar, 2006 12:00am
Vietnam may allow sugar import without licence

Vietnam may allow sugar import without licence

Vietnam, facing a sugar shortage of 250,000 tonnes to 300,000 tonnes this due to bad weather, is mulling allowing imports of the commodity without a licence, an industry official said on Wednesday.
Published 30 Mar, 2006 12:00am
New York cotton futures firm

New York cotton futures firm

Cotton futures closed slightly higher Wednesday as investors steadily moved positions out of the spot contract while most awaited a pair of government reports this week, analysts said.
Published 30 Mar, 2006 12:00am
London sugar mixed

London sugar mixed

London white sugar futures closed mixed on Wednesday after profit-taking and structural trades dominated the session as the market consolidated from Tuesday's surge to all-time highs, traders said.
Published 30 Mar, 2006 12:00am
Raising tax revenues

Raising tax revenues

Of late, the Central Board of Revenue (CBR) appears to be greatly concerned with the low level of tax to GDP ratio. Speaking at a pre-budget seminar on "Federal Budget 2006-07", organised by the Management Association of Pakistan (MAP), the CBR Chairman,
Published 30 Mar, 2006 12:00am
Precious metals recover in European trade

Precious metals recover in European trade

Precious metals cut losses towards the close of Wednesday trading in Europe, with bargain hunting buying attracted by early declines, traders said.
Published 30 Mar, 2006 12:00am
US MIDDAY: cocoa rises

US MIDDAY: cocoa rises

Cocoa futures prices settled on positive ground Wednesday, buoyed by speculative buying and spread trading between nearby contracts, traders said.
Published 30 Mar, 2006 12:00am
US MIDDAY: coffee slides

US MIDDAY: coffee slides

Coffee futures prices slid to their lowest in a week on Wednesday, depressed by funds and speculators liquidating amid bearish technical signals on the price charts, market sources said.
Published 30 Mar, 2006 12:00am
US MIDDAY: sugar firms

US MIDDAY: sugar firms

Raw sugar futures closed higher Wednesday on steady fund buying as the market seemed to be gathering itself to challenge the 25-month highs it set last month, brokers said.
Published 30 Mar, 2006 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures at the Chicago Board of Trade were higher at midmorning on Wednesday on a short-covering bounce and optimism about US wheat exports, traders said.
Published 30 Mar, 2006 12:00am
US MIDDAY: corn moves up

US MIDDAY: corn moves up

Corn futures at the Chicago Board of Trade were higher early on Wednesday as traders awaited government plantings and quarterly stocks data on Friday, traders said.
Published 30 Mar, 2006 12:00am
US MIDDAY: copper surges to new peak

US MIDDAY: copper surges to new peak

US copper futures climbed to new record levels at midday on Wednesday as ongoing supply worries compounded already tight market conditions, brokers said.
Published 30 Mar, 2006 12:00am
US MIDDAY: soyabeans mixed

US MIDDAY: soyabeans mixed

Soyabean futures at the Chicago Board of Trade were mixed early on Wednesday and the market was consolidating before the US government releases its prospective plantings and March 1 stocks reports on Friday.
Published 30 Mar, 2006 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

US gold futures nosed lower on Wednesday as traders digested another increase in short-term interest rates by the US Federal Reserve along with a hint of more tightening to come, dealers said.
Published 30 Mar, 2006 12:00am
Call to slash duty on import of printing plates

Call to slash duty on import of printing plates

The Lahore Chamber of Commerce and Industry (LCCI) President Mian Shafqat Ali, while assuring his all out support to the people associated with the printing and packaging industry, has urged the government to bring down rate of duty on import of printing
Published 30 Mar, 2006 12:00am
THE RUPEE: modest recovery versus dollar in interbank market

THE RUPEE: modest recovery versus dollar in interbank market

Two paisa recovery was seen in the rupee's value against the dollar in the interbank market for buying and selling at 59.96 and 59.98, dealers said on Wednesday. Heavy import bills increased the dollar buying by the corporate sector as the third quarter o
Published 30 Mar, 2006 12:00am
Maqbool urges scientists to meet industrial demands

Maqbool urges scientists to meet industrial demands

The Vice-Chancellor of GC University, Faisalabad, and Punjab Governor, Lieutenant General Khalid Maqbool, has stressed upon the scientist to accelerate their efforts to meet the requirement of the society and industry.
Published 30 Mar, 2006 12:00am
THE RUPEE: modest recovery versus dollar in interbank market

THE RUPEE: modest recovery versus dollar in interbank market

Two paisa recovery was seen in the rupee's value against the dollar in the interbank market for buying and selling at 59.96 and 59.98, dealers said on Wednesday. Heavy import bills increased the dollar buying by the corporate sector as the third quarter o
Published 30 Mar, 2006 12:00am
Hearing adjourned in Sharif's family plea

Hearing adjourned in Sharif's family plea

The Lahore High Court (LHC) has adjourned the proceedings in a petition filed by the family member of former Prime Minister Nawaz Sharif challenging the excessive demand of income tax raised by the respondent department, as the petitioner counsel did not
Published 30 Mar, 2006 12:00am
Expo 2006 to prove beneficial to youngsters

Expo 2006 to prove beneficial to youngsters

Women from all walks of life expecting that the outcome of the Women's Expo 2006 will prove beneficial and constructive to the new generation, will help in facing the global challenges, Zaib, Advocate High Court expressed her feelings on Wednesday.
Published 30 Mar, 2006 12:00am
Felicitation

Felicitation

Okara Chamber of Commerce and Industry (OCCI) President Chaudhry Arshad Iqbal, Vice-Presidents Khawaja Muhammad Waseem and Shafqat Rasool Chaudhry and Executive Committee members in a recently held meeting congratulated Ilyas Ahmad Bilour on his election
Published 30 Mar, 2006 12:00am
Mustafa briefs foreign investors about law and order

Mustafa briefs foreign investors about law and order

City Nazim Syed Mustafa Kamal has said the interest being shown by foreign investors in Pakistan and Karachi in particular, is reflective of their confidence in peaceful conditions and development activities in Karachi.
Published 30 Mar, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (March 29, 2006).

Published 30 Mar, 2006 12:00am
CSF to help develop human resource: minister

CSF to help develop human resource: minister

Minister of State for Finance and Economic Affairs Omer Ayub Khan has said the government is focusing on infrastructure, energy and human resource development to sustain and further improve the gross domestic product (GDP) growth rate of 8.4 percent achie
Published 30 Mar, 2006 12:00am
UK psychiatrists to hold workshop

UK psychiatrists to hold workshop

A one-day workshop is being organised on 'Autism spectrum disorder' at the Special Education and Training Center in Johar Town here on April 4, in which two child psychiatrists from UK will talk about autism and related behaviour problems.
Published 30 Mar, 2006 12:00am
Surgeons' moot

Surgeons' moot

The Society of Surgeons of Pakistan Lahore will be holding two-day international moot on disaster management-prevention and mitigation of damages here at Aiwan-i-Iqbal on March 31 and April 01.
Published 30 Mar, 2006 12:00am
Atlas Fund assigned 4-star rating

Atlas Fund assigned 4-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned 4-Star fund rating to Atlas Stock Market Fund (ASMF) (Category: Equity Fund), which reflects a good performance, relative to its peers. The rating is a composite measure of two factors, namely a) retu
Published 30 Mar, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (March 29, 2006) and for Thursday (March 30, 2006).
Published 30 Mar, 2006 12:00am
Consistency in policies stressed

Consistency in policies stressed

While talking to Aaj markets, Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) zonal chief (South) Atiq Kochra said despite the surge in the global demand for readymade garments exports from Pakistan is on decline, which i
Published 30 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 30, 2006.

Published 30 Mar, 2006 12:00am
PPP workers

PPP workers

The contingents of workers of Pakistan Peoples Party (PPP) will leave from various districts of Punjab to participate in the 27th death anniversary (April 4, 2006) of its founder Zulifqar Ali Bhutto (late) at Garhi Khuda Bakhsh.
Published 30 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 30, 2006.

Published 30 Mar, 2006 12:00am
PPPP meeting on March 31

PPPP meeting on March 31

Pakistan Peoples Party Parliamentarian (PPPP) will decide upon the name of its candidate for provincial assembly bye-election from Bhawalnagar in a meeting here on March 31, 2006. PPPP Punjab head Qasim Zia will chair this meeting.
Published 30 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 30, 2006.

Published 30 Mar, 2006 12:00am
Benazir may announce date of return on April 4

Benazir may announce date of return on April 4

Sources close to Pakistan People's Party have claimed that party Chairperson Benazir Bhutto is expected to announce the date of her return to the country during the telephonic speech, which she will deliver in Larkana on April 4.
Published 30 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 29, 2006).

Published 30 Mar, 2006 12:00am
Atlas Fund assigned 4-star rating

Atlas Fund assigned 4-star rating

The Pakistan Credit Rating Agency (Pacra) has assigned 4-Star fund rating to Atlas Stock Market Fund (ASMF) (Category: Equity Fund), which reflects a good performance, relative to its peers. The rating is a composite measure of two factors, namely a) retu
Published 30 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 29, 2006).

Published 30 Mar, 2006 12:00am
'Government buying behind cement prices surge'

'Government buying behind cement prices surge'

Stock market and stocks investors should look into the fundamentals of individual scrip before allocating their funds, it was stated by Rafi Khan, Chairman Sawari Private Limited, while talking to AAJ Markets.
Published 30 Mar, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 29, 2006).

Published 30 Mar, 2006 12:00am
PFA and WFO sign MoU

PFA and WFO sign MoU

Pakistan Foundry Association (PFA) and World Foundry Organisation (WFO) on Wednesday signed a memorandum of understanding (MoU) under which the former would become the member of WFO while the foundries and related industries of Pakistan - represented by P
Published 30 Mar, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 29, 2006).

Published 30 Mar, 2006 12:00am
'FPSC upholds policy of merit despite political influences'

'FPSC upholds policy of merit despite political influences'

Federal Public Service Commission (FPSC) upheld policy of merit despite political influences during the last three years, said Jamshed Gulzar Kiani, the outgoing Chairman of the commission at a press conference here on Wednesday.
Published 30 Mar, 2006 12:00am
LSE index sheds 24.78 points

LSE index sheds 24.78 points

Mid-day selling pressure in oil and gas sector, notably in exploration giant OGDC and PPL, disturbed the market sentiment on Wednesday, leading equities to move both ways and finally finish with a weak note.
Published 30 Mar, 2006 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

Hard red winter wheat basis bids were steady to firmer on Wednesday in the US Plains, with a scarcity of offers meeting increased demand.
Published 30 Mar, 2006 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears strengthened their positions at the Islamabad Stock Exchange (ISE) where selling-pressure in trend-setters moved the entire ready-board in downward direction amid decrease in index.
Published 30 Mar, 2006 12:00am
Jordan to buy hard wheat

Jordan to buy hard wheat

Jordan's state grains buyer has issued a tender to purchase 50,000 tonnes of hard wheat, European traders said on Wednesday. It is of open origin and shipment should be completed by May 15. Bidding deadline is April 12.
Published 30 Mar, 2006 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears strengthened their positions at the Islamabad Stock Exchange (ISE) where selling-pressure in trend-setters moved the entire ready-board in downward direction amid decrease in index.
Published 30 Mar, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 77,006 tonnes of cargo including 49,784 tonnes import and 27,222 tonnes export cargo including 3,148 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 30 Mar, 2006 12:00am
Turkey not planning tax cuts for all sectors

Turkey not planning tax cuts for all sectors

Turkish Finance Minister Kemal Unakitan said on Wednesday the government was not planning a tax cut for all sectors, after worrying investors with comments on Tuesday that more tax cuts were planned.
Published 30 Mar, 2006 12:00am
Singapore bunker fuel prices higher

Singapore bunker fuel prices higher

Singapore bunker prices were higher on Wednesday, but premiums narrowed slightly as buyers continued to seek deliveries for further-out dates, traders said.
Published 30 Mar, 2006 12:00am
Zee plans to split into four

Zee plans to split into four

India's biggest listed media company, Zee Telefilms Ltd, said on Wednesday its board had approved a restructuring that would create up to four separate listed entities.
Published 30 Mar, 2006 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

It is a matter of immense pleasure for me to convey a message on the auspicious occasion of the foundation laying ceremony of Tuwairqi Steel Mills, a project of Al-Tuwairqi Group of Companies from Saudi Arabia.
Published 30 Mar, 2006 12:00am
Zee plans to split into four

Zee plans to split into four

India's biggest listed media company, Zee Telefilms Ltd, said on Wednesday its board had approved a restructuring that would create up to four separate listed entities.
Published 30 Mar, 2006 12:00am
Message from Prime Minister, Islamic Republic of Pakistan

Message from Prime Minister, Islamic Republic of Pakistan

I am very glad to learn that the Al-Tuwairqi Group, which is one of the largest private sector steel producers in the Kingdom of Saudi Arabia, is going to invest in Pakistan and that its first venture is a steel complex at Karachi.
Published 30 Mar, 2006 12:00am
Draft EU services rules reflect compromise: lawmaker

Draft EU services rules reflect compromise: lawmaker

Revised rules on opening Europe's huge services sector to cross-border competition fully reflect a diluted compromise package adopted by the European Parliament last month, a key lawmaker said on Wednesday.
Published 30 Mar, 2006 12:00am
Russia praises Norwegian firms' Shtokman efforts

Russia praises Norwegian firms' Shtokman efforts

Russia praised Norway's Statoil and Norsk Hydro on Wednesday as "strong potential participants" in the giant Shtokman gas field and said Moscow and Oslo should chart oil and gas in a disputed border zone.
Published 30 Mar, 2006 12:00am