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Jul 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-05-04
Wheat growers protest government policies

Wheat growers protest government policies

Pakistan Kisan Board (PKB) on Wednesday observed a protest day here on Wednesday against, what they called, anti-farmer policy of the government. Protest rally was taken out to reject the government's anti-farmer policy.
Published 04 May, 2006 12:00am
Over 9,000 Pakistanis seek asylum in South Africa

Over 9,000 Pakistanis seek asylum in South Africa

Pakistanis among top four foreign nationals, seeking shelter in South Africa as Home Department of South Africa faces a backlog of 103,410 cases of asylum applications, a spokesman for the Director General said.
Published 04 May, 2006 12:00am
NWFP generates job opportunities for 60,000 workforce

NWFP generates job opportunities for 60,000 workforce

NWFP Minister for Industries, Labour, Law and Parliamentary Affairs, Malik Zafar Azam said that as a result of International Investment Conference 2005, investment of Rs 20 billion had been made and employment opportunities for about 60,000 workers had be
Published 04 May, 2006 12:00am
OEC to send over 2,000 workers to Malaysia

OEC to send over 2,000 workers to Malaysia

The Senate Standing Committee on Labour, Manpower and Overseas Pakistanis has stressed upon the authorities concerned to chalk out viable policies to solve the genuine problems of Pakistanis living abroad and work with zeal and devotion for the betterment
Published 04 May, 2006 12:00am
Promotions in NWFP education department

Promotions in NWFP education department

The NWFP Government in consultation with the Provincial Selection Board has promoted with immediate effect as many as 59 officers of the Schools and Literacy Department from BPS-17 to BPS-18 on regular basis.
Published 04 May, 2006 12:00am
'Islamisation in NWFP going on gradually'

'Islamisation in NWFP going on gradually'

NWFP Senior Minister and Provincial Amir of Jamaat-i-Islami (JI) Siraj-ul-Haq said the Muttahida-Majlis-e-Amal (MMA) government had launched a gradual process of enforcing Islamic laws, social and government sector reforms and reformation of society purel
Published 04 May, 2006 12:00am
Speakers urge government to support Iran unconditionally

Speakers urge government to support Iran unconditionally

Pakistan should make its policy on Iran very clear and provide unconditional support to it against US. This was the crux of the views expressed at the Hamdard Thinkers Forum (Shura-e-Hamdard) in its monthly meeting on the topic of "Harmony: the basic pill
Published 04 May, 2006 12:00am
'Korea's Daegu, Karachi to be made sister cities'

'Korea's Daegu, Karachi to be made sister cities'

City Naib Nazim Nasreen Jalil and Korean Consul General at Karachi Suckchul Chang on Wednesday reached an agreement to make Korean City of Daegu and Karachi as sister cities. Suckchul Chang - who met the Naib Nazim on Wednesday, informed that Daegu was Ko
Published 04 May, 2006 12:00am
Senate body seeks defence ministry briefing on Iran

Senate body seeks defence ministry briefing on Iran

Senate Standing Committee on Defence and Defence Production on Wednesday sought briefing from Defence Ministry about functioning of various departments working under Defence Ministry and the situation arising out of the Iran crisis.
Published 04 May, 2006 12:00am
Afrasiab takes charge

Afrasiab takes charge

Newly appointed Deputy High Commissioner to India Afrasiab on Wednesday assumed his charge replacing outgoing Deputy High Commissioner Munawar Saeed. Munawar Saeed has been appointed as Pakistan's Ambassador to New Zealand. He will take up his new stint l
Published 04 May, 2006 12:00am
Shaukat to attend ECO summit in Baku

Shaukat to attend ECO summit in Baku

Prime Minister Shaukat Aziz is arriving here on Thursday to attend a two-day 9th summit of the Economic Co-operation Organisation (ECO) aimed at putting up tangible proposals to reinvigorate the body.
Published 04 May, 2006 12:00am
'CDGK encourages foreign investment'

'CDGK encourages foreign investment'

City Naib Nazim Nasreen Jalil has said that the City Government is pursuing the policy of extending all possible encouragement to foreign investment and as a result of which investment in Karachi is registering growth. She was talking to Consul General of
Published 04 May, 2006 12:00am
Dutch foreign minister briefed about investment prospects

Dutch foreign minister briefed about investment prospects

The visiting Netherlands Foreign Minister, Bernard Bot, called on NWFP Governor Khalil-ur-Rehman at the Governor House here on Wednesday. He was also accompanied by Dutch Ambassador in Pakistan W Andreae.
Published 04 May, 2006 12:00am
Oil, gas sector: US team and minister discuss investment opportunities

Oil, gas sector: US team and minister discuss investment opportunities

The President of Global Refining, Chevron Corporation of USA Jeet S. Bindra along with a delegation called on the Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon and discussed with him investment opportunities in the oil and gas
Published 04 May, 2006 12:00am
Election Commissioner fails litmus test: PPP

Election Commissioner fails litmus test: PPP

Pakistan Peoples Party Deputy Secretary General and the Democratic Alliance parliamentary leader in Senate Mian Raza Rabbani has said the Election Commission under the new Chief Election Commissioner had failed the litmus test of holding free, fair and ho
Published 04 May, 2006 12:00am
New TP&R wing chief

New TP&R wing chief

The Central Board of Revenue (CBR) has selected Zafar Iqbal Siddiqi, a BS-20 officer, through the process of 'internal job posting' on double pay package and posted him as Chief, Tax Policy and Reforms (TP&R) Wing. The CBR on Wednesday issued a notificati
Published 04 May, 2006 12:00am
NWFP unlikely to establish Malakand estate

NWFP unlikely to establish Malakand estate

The NWFP government is unlikely to go for establishment of proposed 200-acre industrial estate in Malakand Agency, which was announced in the industrial policy 2005, unveiled by Chief Minister Akram Khan Durrani, during the triumphant Investment Conferenc
Published 04 May, 2006 12:00am
Malpractice slows down wheat procurement

Malpractice slows down wheat procurement

Poor infrastructure and malpractice of the procurement officers reported to have slow down the pace of wheat procurement in the province. According to field reports, the wheat crop after early reverses is better than last year.
Published 04 May, 2006 12:00am
Town nazim election on May 5

Town nazim election on May 5

Polls for a slot of Jamshed Town nazim will be held at Islamia Science College Karachi on Friday. Haq Parasat Pannel-backed candidate Mohammed Arif Aajaakia is contesting with the combined opposition candidate, Ahmed Yar.
Published 04 May, 2006 12:00am
Igatex received encouraging response from buyers

Igatex received encouraging response from buyers

The fifth exhibition of Textile Machinery & Accessories gathered huge crowds in Karachi supplementing its success and gaining immense response from the textile industry players.
Published 04 May, 2006 12:00am
ILO global report on child labour today

ILO global report on child labour today

A global report providing new estimates at the number of child labourers world-wide and regionally, and analysing the progress to date in the struggle against child labour, is being released on May 4 by the International Labour Office (ILO) here and aroun
Published 04 May, 2006 12:00am
PTA concerned over raise in POL prices

PTA concerned over raise in POL prices

Pakistan Tanners Association (PTA) Chairman Khawaja M Yousuf has expressed deep concern over drastic increase in the prices of petroleum products announced by the Oil and Gas Regulatory Authority (Ogra) on Sunday.
Published 04 May, 2006 12:00am
AKU workshop: 10 million suffer from asthma in Pakistan

AKU workshop: 10 million suffer from asthma in Pakistan

There are approximately 10 million people in the country who suffer from asthma, according to a recent survey. This was disclosed by Professor Javaid Khan of the Aga Khan University, at a workshop organised by the AKU in connection with World Asthma Day o
Published 04 May, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (May 03, 2006) and the forecast for Thursday (May 04, 2006).
Published 04 May, 2006 12:00am
Sindh Assembly prorogued amidst uproar

Sindh Assembly prorogued amidst uproar

Sindh Assembly's current session, which was requisitioned by the opposition to discuss a two-point agenda, was prorogued on Wednesday following uproar in the House. Irfan Gul Magsi from Panel of Chairman was presiding over the session when the rumpus star
Published 04 May, 2006 12:00am
New York cotton

New York cotton

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

Published 04 May, 2006 12:00am
Cattle colonies in 14 Sindh districts planned

Cattle colonies in 14 Sindh districts planned

Sindh Adviser for Livestock and Fisheries, Fakir Mohammed Jadam Mangrio has divulged a plan envisaging the construction of cattle colonies on 200 acres of land in 14 districts and three towns of Sindh.
Published 04 May, 2006 12:00am
New York cotton

New York cotton

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

Published 04 May, 2006 12:00am
USAID-funded spinal rehabilitation centre opens

USAID-funded spinal rehabilitation centre opens

The United States Agency for International Development (USAID) and a consortium of Pakistani partners inaugurated a Spinal Rehabilitation Centre at the Abbas Institute for Medical Sciences Muzaffarabad (AIMS).
Published 04 May, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
Jewellery exhibition

Jewellery exhibition

An exhibition of jewellery designs was held at the DHA Club here on Wednesday. The work of a prominent jewellery designer Shireen was put on display at the two-day show.
Published 04 May, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
Economic progress linked to scientific advancement

Economic progress linked to scientific advancement

Engineering Development Board (EDB) Chairman Wasim Haqqie has said that under the dynamic leadership of President Musharraf, the country was heading towards economic prosperity and progress.
Published 04 May, 2006 12:00am
Takaful to apply for licence of Islamic Life Insurance

Takaful to apply for licence of Islamic Life Insurance

Director, Securities & Exchange Commission of Pakistan (SECP), Shoaib Soofi said that the requirement of minimum paid up capital for Islamic insurance business in Pakistan was very low as compared to India and other countries, adding SECP was actively wor
Published 04 May, 2006 12:00am
Mild tremors jolt Hazara

Mild tremors jolt Hazara

An earthquake of mild intensity measuring 4.5 on the international Richter Scale jolted Hazara Division on Wednesday. According to the preliminary analysis of meteorological station Peshawar.
Published 04 May, 2006 12:00am
Belgian envoy calls on Sherpao

Belgian envoy calls on Sherpao

Belgium ambassador Patrick Renault on Wednesday called on Interior Minister Aftab Ahmad Khan Sherpao and discussed co-operation between the two countries in the fight against terrorism.
Published 04 May, 2006 12:00am
EDB asked to stop payment to consultant

EDB asked to stop payment to consultant

The Ministry of Industries and production has directed the Engineering Development Board (EDB) to stop payment to Shamrock-a private consultant it hired to project Pakistan at an international exhibition recently held in Germany-for its poor performance.
Published 04 May, 2006 12:00am
Country's poor rating echoes in National Assembly

Country's poor rating echoes in National Assembly

The issue of Pakistan plunging from 34th to ninth position among the ' failed states' echoed in the National Assembly on Wednesday, but the government chose not to speak on the subject despite the opposition's grilling.
Published 04 May, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Parliament of Pakistan consists of the President and two houses to be known respectively as the National Assembly and the Senate. The President may address either house or may send messages to either house or both houses assembled together with respec
Published 04 May, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (May 03, 2006) and for Thursday (May 04, 2006).
Published 04 May, 2006 12:00am
CDA fails to provide clean drinking water

CDA fails to provide clean drinking water

The Capital Development Authority (CDA) has miserably failed to materialise its plan for providing clean drinking water in the capital.
Published 04 May, 2006 12:00am
'No more duty on imported cars'

'No more duty on imported cars'

Federal Minister for Industries and Production Jahangir Tareen on Wednesday said that no more duty would be imposed on imported cars. The import policy would be reviewed, the minister said while talking to private TV News channel.
Published 04 May, 2006 12:00am
Feudal lords force Hashoo Foundation to close six schools

Feudal lords force Hashoo Foundation to close six schools

Local feudal lords have forced Hashoo Foundation (HF), a charitable organisation engaged in providing quality education for the underprivileged at their doorsteps, to close down six running schools in various parts of the country, Dr Salim Mehmud, Trustee
Published 04 May, 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 (May 03, 2006).

Published 04 May, 2006 12:00am
Vehicle snatchers' gang busted

Vehicle snatchers' gang busted

The Anti-Car lifting Cell (ACLC) of the Karachi Police has successfully nabbed members of a gang of vehicle snatchers from Rais Goth.
Published 04 May, 2006 12:00am
Pakistan rejects US journal's report

Pakistan rejects US journal's report

Pakistan on Wednesday strongly rejected as groundless, biased and malevolent an American journal's report rating the country at number nine among failed states.
Published 04 May, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
'Access to information facilitates empowerment of poor'

'Access to information facilitates empowerment of poor'

The World Freedom Day reminds of the importance of protecting the fundamental human rights of freedom of expression and of the press. These views were expressed in a seminar, organised by Pakistan Press Foundation (PPF) on Wednesday, held to mark the Day.
Published 04 May, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
Four journalists get humanitarian reporting awards

Four journalists get humanitarian reporting awards

Four Pakistani journalists have won Internews Humanitarian Reporting Awards 2006 for showing excellence in humanitarian media coverage of the devastating October 8 earthquake under difficult conditions.
Published 04 May, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
Jurong appointed to develop master plan for KCIP

Jurong appointed to develop master plan for KCIP

JURONG Consultants Private Limited of Singapore has been appointed to develop the Master Plan and Design Concept for the Korangi Creek Industrial Park (KCIP) Project.
Published 04 May, 2006 12:00am
Three security men hurt in Dera Bugti

Three security men hurt in Dera Bugti

Three security personnel were injured in Pesh Bogi area of Dera Bugti on Wednesday. According to a report a landmine exploded in the area in which three security men were injured seriously and their vehicle was badly damaged.
Published 04 May, 2006 12:00am
ASMF's new offer, redemption prices

ASMF's new offer, redemption prices

Clause 16(iv) and 19(iv) of the Trust Deed of Atlas Stock Market Fund (ASMF) provide that if the variation of the Net Asset Value (NAV) at any time exceeds two percent of the NAV used to calculate the offer and redemption prices, the management company sh
Published 04 May, 2006 12:00am
THE RUPEE: downward move versus dollar

THE RUPEE: downward move versus dollar

Mildness prevailed in the interbank market on Wednesday as the rupee moved a little downward versus the dollar for buying and selling at 60.06 and 60.07 in process of trading, dealers said.
Published 04 May, 2006 12:00am
ASMF's new offer, redemption prices

ASMF's new offer, redemption prices

Clause 16(iv) and 19(iv) of the Trust Deed of Atlas Stock Market Fund (ASMF) provide that if the variation of the Net Asset Value (NAV) at any time exceeds two percent of the NAV used to calculate the offer and redemption prices, the management company sh
Published 04 May, 2006 12:00am
THE RUPEE: downward move versus dollar

THE RUPEE: downward move versus dollar

Mildness prevailed in the interbank market on Wednesday as the rupee moved a little downward versus the dollar for buying and selling at 60.06 and 60.07 in process of trading, dealers said.
Published 04 May, 2006 12:00am
PML fully geared up for next polls: Prime Minister

PML fully geared up for next polls: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said that Pakistan Muslim League government is proud of its achievements and added that it will contest the forthcoming general elections on the basis of its performance.
Published 04 May, 2006 12:00am
Work on Hubco-KESC link completed: inauguration on May 15

Work on Hubco-KESC link completed: inauguration on May 15

The work on linking of Hubco with KESC link was completed on Tuesday evening, paving the way for commencement of electric supply directly from Hibco powerhouse to Karachi, it was learnt here Wednesday.
Published 04 May, 2006 12:00am
DP World team briefed about port and shipping projects

DP World team briefed about port and shipping projects

Dubai Ports World (DP World) and Nakheel Group of Companies Chairman Sultan Bin Sulayem on Wednesday held a detailed meeting with the Minister for Ports and Shipping Senator Babar Khan Ghauri and KPT authorities here at the Minister's office.
Published 04 May, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
PIAF calls for business-friendly policies in budget

PIAF calls for business-friendly policies in budget

Pakistan Industrial & Traders Association Front (PIAF) has urged the government to take practical and concrete steps for the implementation of business-friendly policies.
Published 04 May, 2006 12:00am
Substandard universities asked to meet requirements

Substandard universities asked to meet requirements

Chairman Higher Education Commission (HEC) of Pakistan Dr Atta-ur Rehman has warned the 'substandard universities' working in the private sector to acquire minimum level of prescribed requirement till February 2007, and otherwise they would be converted i
Published 04 May, 2006 12:00am
Need stressed to promote clean environment

Need stressed to promote clean environment

With around 11.25 million asthma patients in the country, 'World Asthma Day' was observed here on Tuesday with a renewed pledge that all-out efforts would continue to check the spread of asthma, which is on the rise, mainly due to pollution, unhealthy lif
Published 04 May, 2006 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
Book launched

Book launched

The launching ceremony of a book titled 'Pro-Poor Growth and Governance in South Asia-Decentralisation and Participatory Development' written by Ponna Wignararaja and Susil Sirivardana was held here on Wednesday.
Published 04 May, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2006 12:00am
PKIC AGM approves Rs 4.2 billion dividend

PKIC AGM approves Rs 4.2 billion dividend

The 27th Annual General Meeting (AGM) of Pakistan Kuwait Investment Company (PKIC)(Private) Limited was held recently in Karachi and was attended by shareholders representing Government of Pakistan through State Bank of Pakistan and Government of Kuwait t
Published 04 May, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 May, 2006 12:00am
PKIC AGM approves Rs 4.2 billion dividend

PKIC AGM approves Rs 4.2 billion dividend

The 27th Annual General Meeting (AGM) of Pakistan Kuwait Investment Company (PKIC)(Private) Limited was held recently in Karachi and was attended by shareholders representing Government of Pakistan through State Bank of Pakistan and Government of Kuwait t
Published 04 May, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (May 03, 2006).

Published 04 May, 2006 12:00am
PFMA wants zero-rated duty on footwear raw materials

PFMA wants zero-rated duty on footwear raw materials

Pakistan Footwear Manufacturers Association (PFMA) has recommended that the government should allow zero-rated duty on import of all the footwear raw materials, including the finished ones in order to prepare the manufacturing sector face the duty-free re
Published 04 May, 2006 12:00am
JUP calls for judicial probe into Nishtar Park tragedy

JUP calls for judicial probe into Nishtar Park tragedy

Jamiat-e-Ulema-e-Pakistan (JUP) has demanded of the Sindh government to step down and called for formation of a judicial commission under the Chief Justice of Pakistan to probe the Nishtar Park blast.
Published 04 May, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 May, 2006 12:00am
Uzbekistan keen to export sugar and cotton to Pakistan

Uzbekistan keen to export sugar and cotton to Pakistan

Uzbekistan has shown interest in exporting sugar and cotton to Pakistan, in addition to further cementing relations in the fields of science, technology, telecommunication, trade and water sector. These offers were made by the visiting Uzbekistan Presiden
Published 04 May, 2006 12:00am
Senate panel to review military departments performances

Senate panel to review military departments performances

The Senate Standing Committee on Defence on Wednesday decided to question various military departments about their performance and expenditures to strengthen a parliamentary grip over an unbridled institution.
Published 04 May, 2006 12:00am
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