Print - 2006-04-29
New York cotton

New York cotton

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

Published 29 Apr, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
Norway pledges $8 million for mother, child health care plan

Norway pledges $8 million for mother, child health care plan

The Norwegian government on Friday pledged a support of $8 million to strengthen the mother and child health care programme in Pakistan. Special Adviser to the Prime Minister of Norway Tore Godal made the pledge during a meeting with Federal Health Minist
Published 29 Apr, 2006 12:00am
Erra to built 600,000 safe houses in a year

Erra to built 600,000 safe houses in a year

Around 600,000 quake-resistant housing units will be built within a year in the affected areas in AJK and NWFP, Earthquake Reconstruction and Rehabilitation Authority (Erra) deputy chairman said on Friday.
Published 29 Apr, 2006 12:00am
Pre-budget seminar today

Pre-budget seminar today

Central Board of Revenue Chairman M Abdullah Yusuf will be the Chief Guest at a Pre-Budget Seminar, organised by the Pakistan Vanaspati Manufacturers Association (PVMA) here on April 29, in a local hotel.
Published 29 Apr, 2006 12:00am
Pre-budget seminar today

Pre-budget seminar today

Central Board of Revenue Chairman M Abdullah Yusuf will be the Chief Guest at a Pre-Budget Seminar, organised by the Pakistan Vanaspati Manufacturers Association (PVMA) here on April 29, in a local hotel.
Published 29 Apr, 2006 12:00am
SHC Chief Justice directed to proceed against magistrate

SHC Chief Justice directed to proceed against magistrate

A three-member bench of the Supreme Court on Friday directed Chief Justice Sindh High Court to proceed against civil judge/magistrate according to law/removal from service ordinance for acceding his jurisdiction and violating laws by granting remand of mi
Published 29 Apr, 2006 12:00am
'Strict policy adopted to check industrial pollution'

'Strict policy adopted to check industrial pollution'

Ministry of environment has adopted a strict policy to keep check on industrial pollution according to international safeguards, Federal Minister for Environment Faisal Saleh Hayat said on Friday.
Published 29 Apr, 2006 12:00am
28 killed in Saudi bus accident

28 killed in Saudi bus accident

At least 28 people were killed when the bus they were travelling fell into a ditch in Saudi Arabia here, on Friday, a private TV channel reported. According to details, seven Indians were among the dead, while two Indians and eight Pakistanis received inj
Published 29 Apr, 2006 12:00am
Poisonous gas kills three workers

Poisonous gas kills three workers

Three workers were killed and three other fainted after inhaling poisonous gas in a water treatment plant here on Friday. Police said a worker Shaukat Masih entered the scraper of water treatment plant that was clogged with some polythene bags to clean it
Published 29 Apr, 2006 12:00am
Musharraf likely to be chief guest at FPCCI awards

Musharraf likely to be chief guest at FPCCI awards

President Pervez Musharraf is expected to be the chief guest at Federation of Pakistan Chambers of Commerce and Industry (FPCCI) 29th export trophy awards function now scheduled to be held at Islamabad on May 4, 2006.
Published 29 Apr, 2006 12:00am
EPB team to attend Jordan fair

EPB team to attend Jordan fair

A 50-member delegation led by Export Promotion Bureau (EPB) Chairman Tariq Ikram would attend 3rd "Re-Build Iraq" exhibition to be held from May 08 to 11, 2006 in Amman, Jordan.
Published 29 Apr, 2006 12:00am
City government chamber liaison committee formed

City government chamber liaison committee formed

City Nazim Mustafa Kamal has established a city government chamber liaison committee (CGCLC). According to a press release, Zubair Motivala, Haroon Farooki, A Q Khalil, Junaid Ismail Makda will represent the KCCI.
Published 29 Apr, 2006 12:00am
ABL earns Rs 1.06 billion profit

ABL earns Rs 1.06 billion profit

The Allied Bank has earned Rs 1.06 billion profit after tax in the quarter ended on March 31, 2006, showing 150 percent rise over Rs 428 million of the same period of 2005.
Published 29 Apr, 2006 12:00am
ABL earns Rs 1.06 billion profit

ABL earns Rs 1.06 billion profit

The Allied Bank has earned Rs 1.06 billion profit after tax in the quarter ended on March 31, 2006, showing 150 percent rise over Rs 428 million of the same period of 2005.
Published 29 Apr, 2006 12:00am
FMBL ratings reaffirmed

FMBL ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed ratings of the First MicroFinance Bank Limited (FMBL) of 'A+/ A-1+' (Single A Plus / A-One Plus) with a 'Stable' outlook.
Published 29 Apr, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Apr, 2006 12:00am
FMBL ratings reaffirmed

FMBL ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed ratings of the First MicroFinance Bank Limited (FMBL) of 'A+/ A-1+' (Single A Plus / A-One Plus) with a 'Stable' outlook.
Published 29 Apr, 2006 12:00am
Ibad directs KESC to end power crisis

Ibad directs KESC to end power crisis

Sindh Governor Dr Ishrat-ul-Ibad Khan on Friday said no slackness be shown in completing the short and long term power projects as per programme. In the meantime, he said attention be paid to cope with the problems emanating from power shortage and to pro
Published 29 Apr, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
PAF fly-over to be completed in 6 months

PAF fly-over to be completed in 6 months

City Nazim Mustafa Kamal on Friday vowed to complete the proposed PAF fly-over on Sharae Faisal within six months at the estimated cost of Rs 357.5 million.
Published 29 Apr, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Apr, 2006 12:00am
PIA revenues go up

PIA revenues go up

The 295th meeting of PIAC Board of Directors was held here on Friday at the airline's Headquarters to review the first quarter (January-March) results, and plans/targets for the coming months.
Published 29 Apr, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2006 12:00am
PIA revenues go up

PIA revenues go up

The 295th meeting of PIAC Board of Directors was held here on Friday at the airline's Headquarters to review the first quarter (January-March) results, and plans/targets for the coming months.
Published 29 Apr, 2006 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2006 12:00am
Arbab hopes Indian movies to speed up peace process

Arbab hopes Indian movies to speed up peace process

Sindh Chief Minister Arbab Ghulam Rahim, on Friday said that exhibition of Indian movies in Pakistan will tremendously help in furthering the ongoing peace process between the two countries besides reviving the cinema industry of the latter.
Published 29 Apr, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2006 12:00am
Arbab fetes outgoing Corps Commander

Arbab fetes outgoing Corps Commander

Sindh Chief Minister Dr Arbab Ghulam Rahim on Thursday hosted a farewell dinner in honour of Corps Commander Lieutenant General Syed Athar Ali at CM House.
Published 29 Apr, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
KWSB starts drive against illegal water hydrants

KWSB starts drive against illegal water hydrants

The Karachi Water and Sewerage Board, on the directive of City Nazim and with the co-operation of Rangers, has started a drive against illegal hydrants operating on water mains.
Published 29 Apr, 2006 12:00am
Supreme Court orders suspension of Fata secretary, political agents

Supreme Court orders suspension of Fata secretary, political agents

The Supreme Court on Friday ordered the suspension of Fata secretary as well as Political Agent and Assistant Political Agent and other officials of the Frontier Region Kohat for not registering murder case of a journalist Naseer Khan Afridi.
Published 29 Apr, 2006 12:00am
LHC disqualifies MPA, orders fresh polls in PP-40

LHC disqualifies MPA, orders fresh polls in PP-40

The Lahore High Court (LHC), while disqualifying a member of the Punjab Assembly, Saleh Muhammad Ganjial, has directed the Chief Election Commissioner (CEC) to hold fresh elections in his constituency PP-40 Khushab.
Published 29 Apr, 2006 12:00am
Wapda chief leaves for England

Wapda chief leaves for England

Chairman Wapda, Tariq Hameed has left for England on one-week private visit. Imtiaz Anjum, Member (Finance), Wapda would be the acting chairman of Wapda in the absence of Tariq Hameed.
Published 29 Apr, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
LSE holiday

LSE holiday

The offices and trading at Lahore Stock Exchange (LSE) will remain closed on Monday (May 1) on account of Labour Day, the LSE management notified on Thursday.
Published 29 Apr, 2006 12:00am
To be forewarned is to be forearmed

To be forewarned is to be forearmed

Former Finance Minister, on deputation from the World Bank, Shahid Javed Burki has cautioned the incumbent State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar, of the dangers of allowing the economy to over heat through excessive speculative activity
Published 29 Apr, 2006 12:00am
Using coal as fuel

Using coal as fuel

The signing of an MoU by Sindh Coal Authority and a US-Canadian firm for setting up two 250 megawatt, coal-based power plants in Thar represents a propitious move towards utilising the high-quality lignite coal deposits of Sindh for power generation.
Published 29 Apr, 2006 12:00am
THE RUPEE: sharp fall against euro in open market

THE RUPEE: sharp fall against euro in open market

The rupee showed fell sharply versus the euro as the single European currency crossed an important mark of Rs 75 on the back of dollar's slide in the international markets, moneychangers at the open market said on Friday.
Published 29 Apr, 2006 12:00am
Consumer banking, a fresh approach needed

Consumer banking, a fresh approach needed

Consumer banking is becoming a key initiative of almost all the financial institutions in Pakistan. Higher margins, lower risk and risk spread are some key attractions of consumer banking. Consumer banking in Pakistan offers a variety of products, from a
Published 29 Apr, 2006 12:00am
THE RUPEE: sharp fall against euro in open market

THE RUPEE: sharp fall against euro in open market

The rupee showed fell sharply versus the euro as the single European currency crossed an important mark of Rs 75 on the back of dollar's slide in the international markets, moneychangers at the open market said on Friday.
Published 29 Apr, 2006 12:00am
The India and America love affair

The India and America love affair

The United States, India and Pakistan are locked in a love triangle. While Pakistan remains a key ally in the war against terror, India offers a promising stable economic and technological partnership to the world's largest economy. So take your pick!
Published 29 Apr, 2006 12:00am
Missing inter-faith harmony

Missing inter-faith harmony

Whether one agrees or not, dialogue is the only way out to win the hearts of the people, which the rulers in Pakistan seem to be shy about.
Published 29 Apr, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
US stance on Iran

US stance on Iran

It would be a big mistake, if the United States strikes Iranian nuclear installations. If this happens the US would be held in any form.responsible for Iran's retaliation, Did United States gain its objectives by attacking the Iraq with no exit strategy,
Published 29 Apr, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
Utility bills

Utility bills

Reference the letter published about utility bills' payment options. The author has given a good suggestion about NADRA's bill machines that banks should also provide machines on the same pattern and provide similar customer-friendly environment. I would
Published 29 Apr, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
Prime Minister offers prayers at Bhong mosque

Prime Minister offers prayers at Bhong mosque

Prime Minister Shaukat Aziz offered his Friday prayers at the historical Bhong mosque, along with hundreds of other faithful. Late Sardar Rais Ghazi Mohammad - the grandfather of Raees Munir Ahmed constructed this mosque in Bhong who was also awarded Sita
Published 29 Apr, 2006 12:00am
National Assembly speaker names panel

National Assembly speaker names panel

National Assembly Speaker Chaudhry Amir Hussain on Friday announced the names of panel of chairmen to preside over the proceedings in absence of the Speaker and Deputy Speaker during the 35th session of the assembly, which started on Friday.
Published 29 Apr, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (April 28, 2006) and for Saturday (April 29, 2006).
Published 29 Apr, 2006 12:00am
Law for workers' safety, health under study

Law for workers' safety, health under study

Asif Hayat, Federal Secretary, Labour and Manpower, has said that on the Occupational Safety and Health issue a Tripartite National Committee is being formed, while law on safety and health is under consideration of the government.
Published 29 Apr, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 28, 2006).

Published 29 Apr, 2006 12:00am
'More efforts needed to achieve higher literacy rate'

'More efforts needed to achieve higher literacy rate'

Population Welfare Minister Shahbaz Hussain on Friday said that more efforts are needed to achieve higher literacy rate, provision of reproductive health services, reducing infant mortality and meeting increased demand for family planning in the country.
Published 29 Apr, 2006 12:00am
Presence of bird flu in humans denied

Presence of bird flu in humans denied

The government on Friday categorically denied presence of bird flu virus in humans and informed the National Assembly that vaccine was available to cope with avian influenza outbreak.
Published 29 Apr, 2006 12:00am
'Legislation soon to empower women'

'Legislation soon to empower women'

Federal Women Development Minister Sumaira Malik has said that the government plans legislation to empower women. She was briefing the National Assembly Standing Committee on Women Development here on Friday.
Published 29 Apr, 2006 12:00am
Durrani calls on chief minister

Durrani calls on chief minister

Federal Information Minister Muhammad Ali Durrani called on Punjab Chief Minister Chaudhry Pervaiz Elahi here on Friday.
Published 29 Apr, 2006 12:00am
Rs 25.7 billion spent on primary education

Rs 25.7 billion spent on primary education

The federal government has spent largest proportion (37.3 percent) of education expenditures on university/collage education during the first half of FY06, whereas in the first half of FY05 it had spent largest proportion (58 percent) of education expendi
Published 29 Apr, 2006 12:00am
People lose faith on government: Imran

People lose faith on government: Imran

Pakistan Tehrik-e-Insaf (PTI) chief Imran Khan said that Pakistanis had greater spirit to serve the cause of relief as compared to other nations, but they did not have faith in government.
Published 29 Apr, 2006 12:00am
New York cotton

New York cotton

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

Published 29 Apr, 2006 12:00am
PML-N demands Javed's presence in National Assembly

PML-N demands Javed's presence in National Assembly

Pakistan Muslim League -N has demanded of the Speaker of National Assembly to issue production orders for MNA Javed Hashmi and not to show his partiality and bias in favour of the ruling party and must be impartial as he is custodian of the House.
Published 29 Apr, 2006 12:00am
Chirac proposes World Bank account to channel Palestinian aid

Chirac proposes World Bank account to channel Palestinian aid

French President Jacques Chirac on Friday proposed the creation of a special account at the World Bank to channel international aid funds to the Palestinians and head off an impending financial meltdown in the territories.
Published 29 Apr, 2006 12:00am
Nato allies split on global partnership plan

Nato allies split on global partnership plan

Nato allies raised doubts on Friday over a US-backed plan to enhance ties with countries from Asia to Scandinavia, with some arguing the alliance should focus on more pressing security priorities nearer home.
Published 29 Apr, 2006 12:00am
Nato commits to Afghan expansion

Nato commits to Afghan expansion

Nato backed a plan on Friday to take foreign troop numbers in Afghanistan to their highest level since the Taleban's overthrow sending the alliance on what is set to be the toughest ground mission in its 58-year history.
Published 29 Apr, 2006 12:00am