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Print - 2006-05-21
Meezan Bank to set up Islamic banking training centre

Meezan Bank to set up Islamic banking training centre

Meezan Bank Limited, the pioneering dedicated Islamic commercial bank of Pakistan, in its aim to promote Riba Free Banking has decided to establish a training centre for Islamic Banking and Finance based on international standards.
Published 21 May, 2006 12:00am
'PAEC assures disposal, storage of nuclear waste'

'PAEC assures disposal, storage of nuclear waste'

Pakistan Atomic Energy Commission (PAEC) on Saturday said that the storage and disposal of waste material is being carried out strictly as per the rules and procedures, governing safety set forth by the national and international standards.
Published 21 May, 2006 12:00am
Pakistan promises increasing business confidence

Pakistan promises increasing business confidence

Significant economic reforms and improvements in the security situation are creating greater confidence internationally in the promise of increasing business with Pakistan.
Published 21 May, 2006 12:00am
Fish, shrimp catching banned in Sindh

Fish, shrimp catching banned in Sindh

Sindh government has imposed ban on catching of fresh water Rohu, Morakhi, Thaila, Calbasu fish and Kalari, Jaira and Kiddi shrimps from June 1 to July 31, 2006. This was notified by Livestock and Fisheries Department here on Saturday.
Published 21 May, 2006 12:00am
Seven judges transferred

Seven judges transferred

The Chief Justice of the Lahore High Court (LHC) made transfers and postings among seven district and sessions judges. According to a notification, district and sessions judge Muhammad Yousaf has been transferred from Nankana to D.G. Khan, Muhammad Naseem
Published 21 May, 2006 12:00am
Congressman praises Pakistan's efforts in war on terror

Congressman praises Pakistan's efforts in war on terror

Congressman James Leach, of Republican Party from Iowa, has praised Pakistan for extending "critical co-operation" in the ongoing war against terrorism, and making "impressive economic strides."
Published 21 May, 2006 12:00am
Congressman praises Pakistan's efforts in war on terror

Congressman praises Pakistan's efforts in war on terror

Congressman James Leach, of Republican Party from Iowa, has praised Pakistan for extending "critical co-operation" in the ongoing war against terrorism, and making "impressive economic strides."
Published 21 May, 2006 12:00am
Chinese leaders reaffirm strategic ties with Pakistan

Chinese leaders reaffirm strategic ties with Pakistan

Chinese President Hu Jintao on Saturday reassured that his country would continue to work with Pakistan strengthening their strategic partnership for a better future of their people.
Published 21 May, 2006 12:00am
SBP buys Rs 15.7 billion treasury bills

SBP buys Rs 15.7 billion treasury bills

Pakistan''''s central bank bought back Rs 15.7 billion ($262 million) of Treasury Bills on Saturday in a six-day reverse repo at 8.90 percent to inject liquidity into a tight money market.
Published 21 May, 2006 12:00am
SBP buys Rs 15.7 billion treasury bills

SBP buys Rs 15.7 billion treasury bills

Pakistan''s central bank bought back Rs 15.7 billion ($262 million) of Treasury Bills on Saturday in a six-day reverse repo at 8.90 percent to inject liquidity into a tight money market.
Published 21 May, 2006 12:00am
SBP buys Rs 15.7 billion treasury bills

SBP buys Rs 15.7 billion treasury bills

Pakistan's central bank bought back Rs 15.7 billion ($262 million) of Treasury Bills on Saturday in a six-day reverse repo at 8.90 percent to inject liquidity into a tight money market.
Published 21 May, 2006 12:00am
SBP buys Rs 15.7 billion treasury bills

SBP buys Rs 15.7 billion treasury bills

Pakistan's central bank bought back Rs 15.7 billion ($262 million) of Treasury Bills on Saturday in a six-day reverse repo at 8.90 percent to inject liquidity into a tight money market.
Published 21 May, 2006 12:00am
Towel exports may cross $1 billion by June-end

Towel exports may cross $1 billion by June-end

The country''s towel exports is likely to cross $1 billion mark by end of the current fiscal despite seeing a decline in the towel made-ups exports, sources told Business Recorder here on Saturday.
Published 21 May, 2006 12:00am
Towel exports may cross $1 billion by June-end

Towel exports may cross $1 billion by June-end

The country's towel exports is likely to cross $1 billion mark by end of the current fiscal despite seeing a decline in the towel made-ups exports, sources told Business Recorder here on Saturday.
Published 21 May, 2006 12:00am
Towel exports may cross $1 billion by June-end

Towel exports may cross $1 billion by June-end

The country's towel exports is likely to cross $1 billion mark by end of the current fiscal despite seeing a decline in the towel made-ups exports, sources told Business Recorder here on Saturday.
Published 21 May, 2006 12:00am
TCP saves $0.8225 million in sugar contracts

TCP saves $0.8225 million in sugar contracts

Trading Corporation of Pakistan (TCP) on Saturday awarded contracts for 165,000 MT white refined/white crystal sugar against TCP tender No Imp/Sugar-3/6/2006 dated 12th May 2006.
Published 21 May, 2006 12:00am
TCP saves $0.8225 million in sugar contracts

TCP saves $0.8225 million in sugar contracts

Trading Corporation of Pakistan (TCP) on Saturday awarded contracts for 165,000 MT white refined/white crystal sugar against TCP tender No Imp/Sugar-3/6/2006 dated 12th May 2006.
Published 21 May, 2006 12:00am
TCP saves $0.8225 million in sugar contracts

TCP saves $0.8225 million in sugar contracts

Trading Corporation of Pakistan (TCP) on Saturday awarded contracts for 165,000 MT white refined/white crystal sugar against TCP tender No Imp/Sugar-3/6/2006 dated 12th May 2006.
Published 21 May, 2006 12:00am
Exports of textile made-ups decline

Exports of textile made-ups decline

Exports of textile made-ups declined by 14.35% while art silk synthetic textile exports decreased by 38.17% and other textile category exports have registered a decline of 46.65% during July-February period of current fiscal against same period of precedi
Published 21 May, 2006 12:00am
Excise official shot dead

Excise official shot dead

An excise official was shot dead by two persons at his house at Poonch House Staff Colony Lytton Road area on Saturday. Police said the victim Sultan Adil (45) was an official of the Excise Department who had contracted two marriages.
Published 21 May, 2006 12:00am
Excise official shot dead

Excise official shot dead

An excise official was shot dead by two persons at his house at Poonch House Staff Colony Lytton Road area on Saturday. Police said the victim Sultan Adil (45) was an official of the Excise Department who had contracted two marriages.
Published 21 May, 2006 12:00am
EPB plans to set up ''Electronics City''

EPB plans to set up ''Electronics City''

The Export Promotion Bureau (EPB) is planning to establish "Electronics & Electrical Contract Manufacturing City" (EECM-City) in Karachi to help increase exports in value added engineering sector and to create job opportunities and skill development in th
Published 21 May, 2006 12:00am
EPB plans to set up 'Electronics City'

EPB plans to set up 'Electronics City'

The Export Promotion Bureau (EPB) is planning to establish "Electronics & Electrical Contract Manufacturing City" (EECM-City) in Karachi to help increase exports in value added engineering sector and to create job opportunities and skill development in th
Published 21 May, 2006 12:00am
EPB plans to set up 'Electronics City'

EPB plans to set up 'Electronics City'

The Export Promotion Bureau (EPB) is planning to establish "Electronics & Electrical Contract Manufacturing City" (EECM-City) in Karachi to help increase exports in value added engineering sector and to create job opportunities and skill development in th
Published 21 May, 2006 12:00am
KSE committee to discuss CSIBL matters on May 23

KSE committee to discuss CSIBL matters on May 23

The wrongdoings of Crescent Standard Investment Bank Limited (CSIBL) would be discussed threadbare at the Company Affairs Committee (CAC) meeting of Karachi Stock Exchange (Guarantee) Limited (KSE) here on May 23.
Published 21 May, 2006 12:00am
KSE committee to discuss CSIBL matters on May 23

KSE committee to discuss CSIBL matters on May 23

The wrongdoings of Crescent Standard Investment Bank Limited (CSIBL) would be discussed threadbare at the Company Affairs Committee (CAC) meeting of Karachi Stock Exchange (Guarantee) Limited (KSE) here on May 23.
Published 21 May, 2006 12:00am
KSE committee to discuss CSIBL matters on May 23

KSE committee to discuss CSIBL matters on May 23

The wrongdoings of Crescent Standard Investment Bank Limited (CSIBL) would be discussed threadbare at the Company Affairs Committee (CAC) meeting of Karachi Stock Exchange (Guarantee) Limited (KSE) here on May 23.
Published 21 May, 2006 12:00am
Taiwan's Chen apologises over scandal

Taiwan's Chen apologises over scandal

Taiwan President Chen Shui-bian, whose approval rating has sunk to new lows, apologised on Saturday over an insider trading scandal implicating his son-in-law.
Published 21 May, 2006 12:00am
UN envoy meets Suu Kyi

UN envoy meets Suu Kyi

Senior UN official Ibrahim Gambari met detained Myanmar opposition leader Aung San Suu Kyi in a Yangon guest house on Saturday, her first contact with an outsider in three years, a government source said.
Published 21 May, 2006 12:00am
Europeans ask US to consider selling planes to Iran

Europeans ask US to consider selling planes to Iran

Europeans have asked the United States to consider selling new commercial planes to Iran as part of a proposed package of inducements and penalties aimed at resolving the nuclear crisis with Tehran, diplomats said on Friday.
Published 21 May, 2006 12:00am
Illegal trade on Afghan border being checked: Prime Minister

Illegal trade on Afghan border being checked: Prime Minister

Prime Minister Shaukat Aziz on Saturday said Pakistan had taken all possible measures to stop illegal movement of weapons and drugs along its porous borders with Afghanistan, but urged the other side to do the same.
Published 21 May, 2006 12:00am
CDWP approves 65 projects worth over Rs 100 billion

CDWP approves 65 projects worth over Rs 100 billion

The Central Development Working Party (CDWP) on Saturday approved 65 projects costing over Rs 100 billion, of which 25 projects were recommended for approval of the Executive Committee of National Economic Council (Ecnec).
Published 21 May, 2006 12:00am
CDWP approves 65 projects worth over Rs 100 billion

CDWP approves 65 projects worth over Rs 100 billion

The Central Development Working Party (CDWP) on Saturday approved 65 projects costing over Rs 100 billion, of which 25 projects were recommended for approval of the Executive Committee of National Economic Council (Ecnec).
Published 21 May, 2006 12:00am
CDWP approves 65 projects worth over Rs 100 billion

CDWP approves 65 projects worth over Rs 100 billion

The Central Development Working Party (CDWP) on Saturday approved 65 projects costing over Rs 100 billion, of which 25 projects were recommended for approval of the Executive Committee of National Economic Council (Ecnec).
Published 21 May, 2006 12:00am
Tough time ahead for new PC bosses

Tough time ahead for new PC bosses

The new Minister for Privatisation and Investment, Zahid Hamid, and Secretary Sheikh Ikramullah have difficult targets ahead as Prime Minister Shaukat Aziz has given them the target to complete privatisation of Pakistan State Oil (PSO) and Pakistan Petrol
Published 21 May, 2006 12:00am
The Weather

The Weather

The weather report on Saturday (May 20, 2006) and the forecast for Sunday (May 21, 2006).
Published 21 May, 2006 12:00am
Tough time ahead for new PC bosses

Tough time ahead for new PC bosses

The new Minister for Privatisation and Investment, Zahid Hamid, and Secretary Sheikh Ikramullah have difficult targets ahead as Prime Minister Shaukat Aziz has given them the target to complete privatisation of Pakistan State Oil (PSO) and Pakistan Petrol
Published 21 May, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Tough time ahead for new PC bosses

Tough time ahead for new PC bosses

The new Minister for Privatisation and Investment, Zahid Hamid, and Secretary Sheikh Ikramullah have difficult targets ahead as Prime Minister Shaukat Aziz has given them the target to complete privatisation of Pakistan State Oil (PSO) and Pakistan Petrol
Published 21 May, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Iran accuses US and UK of violence in border province

Iran accuses US and UK of violence in border province

Iranian police said on Saturday they had found papers linking Britain and the United States to vaguely identified "bandits" in a border province which is a drug smuggling centre and a base for Sunni Muslim guerrillas.
Published 21 May, 2006 12:00am
Geelani rejects roundtable invitation

Geelani rejects roundtable invitation

Senior Hurriyat leader Syed Ali Shah Geelani on Saturday rejected the Centre's invitation to participate in the second roundtable conference on Kashmir, convened by Prime Minister Manmohan Singh in Occupied Srinagar on Wednesday to Thursday (May 24 to 25)
Published 21 May, 2006 12:00am
Five killed in US coal mine blast

Five killed in US coal mine blast

A coal mine explosion in south-eastern Kentucky early on Saturday killed five people, a US mine safety official said, making this the deadliest year for the US coal country since 2001.
Published 21 May, 2006 12:00am
30 die in Indian road accident

30 die in Indian road accident

A truck carrying a wedding party crashed down a gorge in a remote area of the western Indian state of Maharashtra on Saturday killing at least 30 people, police said. The crash took place near Rajapur village, about 250 km (160 miles) south of the commerc
Published 21 May, 2006 12:00am
Hingis overwhelms Venus to reach Rome final

Hingis overwhelms Venus to reach Rome final

Martina Hingis stormed back after a stuttering start as she overwhelmed long time rival Venus Williams 0-6, 6-3, 6-3 at the Rome Masters to reach the second final of her 2006 comeback campaign on Saturday.
Published 21 May, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
20 dead as pre-monsoon storms lash India

20 dead as pre-monsoon storms lash India

Lightning strikes and falling trees have killed 20 people in pre-monsoon storms which lashed two Indian states, officials said on Saturday.
Published 21 May, 2006 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Six Russian soldiers killed in Abkhaz crash

Six Russian soldiers killed in Abkhaz crash

Six Russian soldiers were killed on Saturday when their armoured troop carrier overturned in Georgia's breakaway region Abkhazia, local news agencies said.
Published 21 May, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Pakistan, Egypt agree to cooperate in trade and investment

Pakistan, Egypt agree to cooperate in trade and investment

Pakistan and Egypt on Saturday agreed on increasing co-operation in trade, investment, agriculture and bilateral political ties with a vow to bringing the people of the two countries closer in all spheres.
Published 21 May, 2006 12:00am
Rotted electricity pole pulled down

Rotted electricity pole pulled down

A huge electricity pole, which had three street lights working on it at the Paradise Hotel crossing in Saddar Area was pulled down last night by the street light section team of the KESC because the electric pole had 'rotted' due to excessive oxidisation
Published 21 May, 2006 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
ICIL workshop on May 23

ICIL workshop on May 23

International Credit Information Limited (ICIL) workshop on Bancassurance, sponsored by AIG, the world's largest insurance organisation, would be held on May 23 at a hotel in Karachi. All the leading banks and insurance companies would attend the workshop
Published 21 May, 2006 12:00am
Gastroenteritis kills eight in Faisalabad

Gastroenteritis kills eight in Faisalabad

At least eight people, including three children, died and thousands have been admitted to hospitals following an outbreak of gastro-enteritis in Faisalabad and Hyderabad here on Saturday, private TV channels reported.
Published 21 May, 2006 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Two soldiers among 3 killed in Waziristan

Two soldiers among 3 killed in Waziristan

Pro-Taleban militants killed two Pakistani troopers in a grenade attack on a paramilitary compound in North Waziristan, but one of their own men was also killed, a government official said on Saturday.
Published 21 May, 2006 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Two soldiers among 3 killed in Waziristan

Two soldiers among 3 killed in Waziristan

Pro-Taleban militants killed two Pakistani troopers in a grenade attack on a paramilitary compound in North Waziristan, but one of their own men was also killed, a government official said on Saturday.
Published 21 May, 2006 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Pulses, sugar and cement prices reviewed

Pulses, sugar and cement prices reviewed

Adviser to the Prime Minister on Finance, Revenue, Economic Affairs and Statistics held a meeting with representatives of importers of essential commodities, including pulses here on Saturday. Minister of State for Finance, Omar Ayub Khan was also present
Published 21 May, 2006 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
Pulses, sugar and cement prices reviewed

Pulses, sugar and cement prices reviewed

Adviser to the Prime Minister on Finance, Revenue, Economic Affairs and Statistics held a meeting with representatives of importers of essential commodities, including pulses here on Saturday. Minister of State for Finance, Omar Ayub Khan was also present
Published 21 May, 2006 12:00am
Pulses, sugar and cement prices reviewed

Pulses, sugar and cement prices reviewed

Adviser to the Prime Minister on Finance, Revenue, Economic Affairs and Statistics held a meeting with representatives of importers of essential commodities, including pulses here on Saturday. Minister of State for Finance, Omar Ayub Khan was also present
Published 21 May, 2006 12:00am
650MW wind power generation by end-2007: AEDB

650MW wind power generation by end-2007: AEDB

Air Marshal Shahid Hamid (Retd), Chairman, Alternative Energy Development Board (AEDB), said that firm letters of commitment have been given by 13 leading investors for installation of wind power turbines and as a result 650 megawatts (MW) of power would
Published 21 May, 2006 12:00am
THE RUPEE: three paisa fall in interbank market

THE RUPEE: three paisa fall in interbank market

Importers' demand for dollar, dragged the rupee into minus column in the interbank market on Saturday, shedding three paisa for buying and selling at 59.99 and 60.01, respectively.
Published 21 May, 2006 12:00am
650MW wind power generation by end-2007: AEDB

650MW wind power generation by end-2007: AEDB

Air Marshal Shahid Hamid (Retd), Chairman, Alternative Energy Development Board (AEDB), said that firm letters of commitment have been given by 13 leading investors for installation of wind power turbines and as a result 650 megawatts (MW) of power would
Published 21 May, 2006 12:00am
THE RUPEE: three paisa fall in interbank market

THE RUPEE: three paisa fall in interbank market

Importers' demand for dollar, dragged the rupee into minus column in the interbank market on Saturday, shedding three paisa for buying and selling at 59.99 and 60.01, respectively.
Published 21 May, 2006 12:00am
650MW wind power generation by end-2007: AEDB

650MW wind power generation by end-2007: AEDB

Air Marshal Shahid Hamid (Retd), Chairman, Alternative Energy Development Board (AEDB), said that firm letters of commitment have been given by 13 leading investors for installation of wind power turbines and as a result 650 megawatts (MW) of power would
Published 21 May, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (May 21, 2006) and for Sunday (May 21, 2006).
Published 21 May, 2006 12:00am
Debt trap to be avoided, says Shaukat

Debt trap to be avoided, says Shaukat

Prime Minister Shaukat Aziz said here on Saturday that home-grown leaderships, with a clear vision and decision-taking powers can help the Muslim world make rapid advancement towards the goal of more stronger economies.
Published 21 May, 2006 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 22, 2005.

Published 21 May, 2006 12:00am
Debt trap to be avoided, says Shaukat

Debt trap to be avoided, says Shaukat

Prime Minister Shaukat Aziz said here on Saturday that home-grown leaderships, with a clear vision and decision-taking powers can help the Muslim world make rapid advancement towards the goal of more stronger economies.
Published 21 May, 2006 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 22, 2005.

Published 21 May, 2006 12:00am
Debt trap to be avoided, says Shaukat

Debt trap to be avoided, says Shaukat

Prime Minister Shaukat Aziz said here on Saturday that home-grown leaderships, with a clear vision and decision-taking powers can help the Muslim world make rapid advancement towards the goal of more stronger economies.
Published 21 May, 2006 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday May 22, 2005.

Published 21 May, 2006 12:00am
Four North Korean defectors seek US asylum in China

Four North Korean defectors seek US asylum in China

Four North Koreans scaled the wall of a US consulate in China to seek asylum in the United States, South Korean media reported on Saturday, the first such defections since Washington granted refugee status to North Koreans earlier this month.
Published 21 May, 2006 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (May 20, 2006).

Published 21 May, 2006 12:00am
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