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Print - 2006-06-01
Pemra Amendment Bill approved

Pemra Amendment Bill approved

The meeting of Mediation Committee of the National Assembly discussed and approved the Pemra (Amendment) Bill, 2005 here on Wednesday. The committee meeting held here in Parliament House under the Chairmanship of Dr Sher Afgan Khan Niazi.
Published 01 Jun, 2006 12:00am
ZTBL advice sought to buy tractor

ZTBL advice sought to buy tractor

Minister of State for Oversees Pakistanis Raza Hayat Hiraj has sought the advice of Zarai Tarqiati Bank Limited (ZTBL) to purchase John Deere (72 HP) tractor, whose scheme was quashed by the Sindh High Court (SHC).
Published 01 Jun, 2006 12:00am
Union Bank TFCs assigned 'Single A' rating

Union Bank TFCs assigned 'Single A' rating

JCR-VIS Credit Rating Company Limited has placed the ratings of Union Bank Limited's second and third issue of subordinated, unsecured Term Finance Certificates (TFCs) rated 'A' (Single A) on 'Rating Watch'.
Published 01 Jun, 2006 12:00am
Union Bank TFCs assigned 'Single A' rating

Union Bank TFCs assigned 'Single A' rating

JCR-VIS Credit Rating Company Limited has placed the ratings of Union Bank Limited's second and third issue of subordinated, unsecured Term Finance Certificates (TFCs) rated 'A' (Single A) on 'Rating Watch'.
Published 01 Jun, 2006 12:00am
Implementation of Prohibition of Smoking Ordinance urged

Implementation of Prohibition of Smoking Ordinance urged

It is appalling indeed that doctors and paramedical staff smoke and chew pan, chalia and gutka, etc during the duty hours. And the institution, which has taken notice of this unpleasant habit, is none other than representing the doctors themselves.
Published 01 Jun, 2006 12:00am
'Pakistan an exciting strategic new market'

'Pakistan an exciting strategic new market'

Pakistan is an exciting strategic new market for The Body Shop and offers us a great opportunity to enter the Indian Subcontinent. In a statement issued here on Wednesday, the regional director of 'The Body Shop' for Europe, Middle East and Africa, Alasta
Published 01 Jun, 2006 12:00am
MAP and LAP seminar

MAP and LAP seminar

The Modaraba Association of Pakistan (MAP) and Leasing Association of Pakistan (LAP) are organising a seminar on the 'Role of the Board of Directors' in collaboration with the Pakistan Institute of Corporate Governance (PICG) and International Finance Cor
Published 01 Jun, 2006 12:00am
MAP and LAP seminar

MAP and LAP seminar

The Modaraba Association of Pakistan (MAP) and Leasing Association of Pakistan (LAP) are organising a seminar on the 'Role of the Board of Directors' in collaboration with the Pakistan Institute of Corporate Governance (PICG) and International Finance Cor
Published 01 Jun, 2006 12:00am
Power shutdown notice

Power shutdown notice

The Karachi Electric Supply Corporation (KESC) is carrying out system improvement work at Defence, North Karachi, Korangi and Orangi Town.
Published 01 Jun, 2006 12:00am
City Council reviews Katchi Abadis leasing rates

City Council reviews Katchi Abadis leasing rates

A blatant difference was witnessed between treasury and opposition benches on the issue of fixing a single leasing rate for the notified Katchi Abadis falling under the jurisdiction of the City District Government Karachi (CDGK), at the second meeting of
Published 01 Jun, 2006 12:00am
City Council reviews Katchi Abadis leasing rates

City Council reviews Katchi Abadis leasing rates

A blatant difference was witnessed between treasury and opposition benches on the issue of fixing a single leasing rate for the notified Katchi Abadis falling under the jurisdiction of the City District Government Karachi (CDGK), at the second meeting of
Published 01 Jun, 2006 12:00am
Mybank a success story after being renamed

Mybank a success story after being renamed

Mybank Limited has an authorised capital of Rs 7 billion with a paid up capital of Rs 2 billion, to be raised to Rs 3 billion by the end of third quarter 2006. It has broken all previous records ever set in the country by any of its peer banks including t
Published 01 Jun, 2006 12:00am
Envoy-designate to US calls on President

Envoy-designate to US calls on President

Envoy-designate to the United States Major General Mahmood Durrani (Retd) called on President Pervez Musharraf here on Wednesday. He discussed the matters related to his diplomatic assignment.
Published 01 Jun, 2006 12:00am
No Pakistani issued work visa for Iraq: Sarwar

No Pakistani issued work visa for Iraq: Sarwar

Federal Minister for Labour, Manpower and Overseas Pakistanis Ghulam Sarwar Khan has said that no Pakistani worker has been issued visa for Iraq so far. In and interview to a private TV channel.
Published 01 Jun, 2006 12:00am
Indian home secretary meets Sherpao

Indian home secretary meets Sherpao

Indian Home Secretary V.K. Duggal heading a 14-member delegation on Wednesday called on Interior Minister Aftab Ahmad Khan Sherpao. Interior minister told the delegation that Pakistan wants to resolve all disputes with India through meaningful dialogue.
Published 01 Jun, 2006 12:00am
Salman quashes taxation rumours

Salman quashes taxation rumours

Advisor to the Prime Minister on Finance Dr Salman Shah on Wednesday said no abnormal taxation was being imposed on any segment of society and certain rumours in this regard were totally baseless and unfounded. Talking to a private television channel he s
Published 01 Jun, 2006 12:00am
'Conversion of diesel vehicles into CNG after Cabinet nod'

'Conversion of diesel vehicles into CNG after Cabinet nod'

Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Wednesday said the draft proposal for the conversion of diesel vehicles into CNG would soon be sent for approval to the Federal Cabinet.
Published 01 Jun, 2006 12:00am
Exports to US grow by 18 percent

Exports to US grow by 18 percent

Pakistan's total exports to the US grew by 18 percent, one of the highest increases during March-April 2006 and in volume terms, it is the third largest exporter to US.
Published 01 Jun, 2006 12:00am
Full generation capacity within fortnight: Wapda

Full generation capacity within fortnight: Wapda

The increasing inflow of water in Tarbela Dam would enable Wapda to generate power to its full capacity (6400 mw) within a fortnight, Wapda Chairman Tariq Hameed said. Talking to a private TV channel, he said the Wapda was currently generating 5500 MW pow
Published 01 Jun, 2006 12:00am
Misbahur Rehman to contest for FPCCI presidentship

Misbahur Rehman to contest for FPCCI presidentship

Punjab Economic Forum, an umbrella organisation of chambers of commerce and industry of Punjab province, has nominated former LCCI President Mian Misbahur Rehman for the slot of FPCCI President.
Published 01 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (May 31, 2006) and the forecast for Thursday (June 01, 2006).
Published 01 Jun, 2006 12:00am
FPCCI appoints Dr Noorwala as S&T body chief

FPCCI appoints Dr Noorwala as S&T body chief

FPCCI President Chaudhry Muhammad Saeed has appointed the Managing Committee Member as FPCCI Standing Committee on Science & Technology Chairman Dr Mushtaq Noorwala.
Published 01 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 01 Jun, 2006 12:00am
Emarr Properties to develop real estate worth $2.4 billion

Emarr Properties to develop real estate worth $2.4 billion

Emaar Properties - the leading property developer - on Wednesday announced three real estate development projects in Islamabad and Karachi with an aggregate investment of 2.4 billion US dollars. The projects would set new benchmarks in commercial, residen
Published 01 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 01 Jun, 2006 12:00am
Options for oil price control under study: Soomro

Options for oil price control under study: Soomro

Senate Chairman Mohammadmian Soomro has said that the government is considering various options to control prices of petroleum products and, in the process, to make Pakistani goods cost-effective and competitive in the global market.
Published 01 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
Ordinances promulgated

Ordinances promulgated

President General Pervez Musharraf on Wednesday promulgated the Banks (Nationalisation) Amendment Ordinance, 2006, further amending the Banks (Nationalisation) Act, 1974. The Ordinance may be called the Banks (Nationalisation) Amendment Ordinance, 2006, w
Published 01 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
Ordinances promulgated

Ordinances promulgated

President General Pervez Musharraf on Wednesday promulgated the Banks (Nationalisation) Amendment Ordinance, 2006, further amending the Banks (Nationalisation) Act, 1974. The Ordinance may be called the Banks (Nationalisation) Amendment Ordinance, 2006, w
Published 01 Jun, 2006 12:00am
Key stock and currency market movements at 1700 GMT

Key stock and currency market movements at 1700 GMT

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 01 Jun, 2006 12:00am
PPAF provides basic amenities to ICT village

PPAF provides basic amenities to ICT village

The village Sereh located 35-km away from Islamabad is almost devoid of basic civic amenities. The journalists observed this during a trip to the village, arranged by the Pakistan Poverty Alleviation Fund (PPAF) here on Wednesday.
Published 01 Jun, 2006 12:00am
Eight vehicles recovered, liquor factory unearthed: three gangs busted

Eight vehicles recovered, liquor factory unearthed: three gangs busted

Rawalpindi Police on Wednesday busted three gangs of criminals and recovered eight stolen cars besides unearthing a liquor factory. This was stated by District Police Officer (DPO) Rawalpindi Syed Saud Aziz, while briefing the newsmen about the progress o
Published 01 Jun, 2006 12:00am
Two utility stores in every union council demanded

Two utility stores in every union council demanded

Potohar Town Council has demanded establishment of at least two utility stores in every union council of the town to cope with price hike. The Councils in its meeting held here on Tuesday also demanded crackdown against the adulterators and manufacturers
Published 01 Jun, 2006 12:00am
Three Afghan refugees camp in Pakistan to be closed

Three Afghan refugees camp in Pakistan to be closed

UN, Afghan and Pakistani officials meeting in Doha have decided to close three camps for Afghan refugees in Pakistan amid ongoing efforts to help repatriate refugees, officials said on Wednesday.
Published 01 Jun, 2006 12:00am
Three properties identified in Mumbai for Pakistani Consulate

Three properties identified in Mumbai for Pakistani Consulate

Maharashtra government has identified three properties in Mumbai for Pakistan to choose for opening its Consulate. The development can help end the stalemate on reopening of Consulates by India and Pakistan in Karachi and Mumbai respectively.
Published 01 Jun, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
Wheat procurement drive to continue

Wheat procurement drive to continue

Punjab Food Department will continue its wheat procurement drive till the purchase of last grain of wheat from the farmers, and 2.5 million tons of wheat hopefully be procured by the department by June 15.
Published 01 Jun, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (May 31, 2006) and for Thursday (June 01, 2006).
Published 01 Jun, 2006 12:00am
Incentives for agriculture sector to be announced in budget

Incentives for agriculture sector to be announced in budget

There is a vast potential for investment in the agriculture sector, and the incentives would be announced in the upcoming budget to encourage private sector for investment to bring improvement in the infrastructure for better storage and marketing of agro
Published 01 Jun, 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, June 01, 2006.

Published 01 Jun, 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, June 01, 2006.

Published 01 Jun, 2006 12:00am
Moot on sedimentation in Mangla begins

Moot on sedimentation in Mangla begins

Punjab University vice-chancellor Arshad Mahmood inaugurated the first international conference on 'Satellite Remote Sensing and GIS as an input to monitor sediment transportation into the Mangla reservoir'.
Published 01 Jun, 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, June 01, 2006.

Published 01 Jun, 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 31, 2006).

Published 01 Jun, 2006 12:00am
LHC orders suspension of police inspector

LHC orders suspension of police inspector

The Lahore High Court (LHC), while taking serious note of violation of law by the police official sub-inspector Riaz Ahmed, has directed SSP Faisalabad to place him under suspension, and also initiate disciplinary proceedings against him for not arresting
Published 01 Jun, 2006 12:00am
Unicef delegation visits PQA

Unicef delegation visits PQA

An Unicef delegation visited Port Qasim Authority (PQA) and witnessed the shipping and clearance procedures of cargoes for earthquake relief. In a statement issued here on Wednesday, says that the Unicef delegation comprising three members led by Vichitra
Published 01 Jun, 2006 12:00am
KSE approves buyback plan

KSE approves buyback plan

The Karachi Stock Exchange (KSE) on Wednesday approved the buyback plans of Chenab Textile Mills Limited and Associated Industries Limited.
Published 01 Jun, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
CDGK to set up cadet college

CDGK to set up cadet college

City District Government Karachi will establish Karachi's first cadet college on an area of 100 acres for which directive has been issued to allocate land near Northern Bypass. CDGK Nazim Syed Mustafa Kamal on Wednesday directed the EDO Revenue to identif
Published 01 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
Ibad condoles death of Subhani Bayounus

Ibad condoles death of Subhani Bayounus

Sindh Governor Dr Ishratul Ibad has expressed sorrow over the demise of renowned actor Subhani Bayounus. Appreciating the services rendered by the deceased in the field of art, Ibad prayed for eternal peace for the departed soul and grant of strength to t
Published 01 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
Shell keen to set up LNG terminal at PQA

Shell keen to set up LNG terminal at PQA

A team of Shell International has shown keen interest in setting up a Liquid Natural Gas (LNG) terminal in the proximity of Port Qasim Authority (PQA).
Published 01 Jun, 2006 12:00am
Transfers and postings of judicial officers

Transfers and postings of judicial officers

The Chief Justice of High Court of Sindh has ordered transfer and posting of District and Sessions Judges, Additional District and Sessions Judges, Senior Civil Judges, Civil Judges/Judicial Magistrates with immediate effect and in the public interest.
Published 01 Jun, 2006 12:00am
Uplift work being done in three shifts: Kamal

Uplift work being done in three shifts: Kamal

Nazim Karachi Syed Mustafa Kamal has said that for the first time in the history of City Government, work is being carried out in three shifts with responsible officials present in every shift as a result of which a fast track development process has star
Published 01 Jun, 2006 12:00am
Rawalpindi district members urged to monitor budget preparation

Rawalpindi district members urged to monitor budget preparation

The elected representatives in Rawalpindi district should monitor the budget preparation and make sure sufficient allocations for development projects. District Assembly should pass the budget after thorough discussion.
Published 01 Jun, 2006 12:00am
Development of all sectors to be ensured: Shaukat

Development of all sectors to be ensured: Shaukat

Prime Minister Shaukat Aziz on Wednesday said the government wanted rapid development in all spheres across the country with equity but said it will not do so by compromising its sovereignty.
Published 01 Jun, 2006 12:00am
Another leopard shot dead

Another leopard shot dead

World Wide Funds for Nature-Pakistan (WWF-P) staff working on the Protected Areas Management Project (PAMP) Machiara National Park, Muzaffarabad, has claimed that another common leopard was shot dead on May 29.
Published 01 Jun, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
CDGL will lease concealed pipelines to telecom companies

CDGL will lease concealed pipelines to telecom companies

With a view to providing better civic facilities to citizens and protect roads from dilapidation, the City District Government Lahore (CDGL) will lay down underground pipelines, which will be given on lease to telecom companies for laying fiber optic cabl
Published 01 Jun, 2006 12:00am
EPB employees to be retained in TDA

EPB employees to be retained in TDA

All the Export Promotion Bureau's Employees from grade one to 15 would be inducted in the newly established Trade Development Authority (TDA). This was decided in a high level meeting regarding establishment of the TDA to replace the EPB, held in Islamaba
Published 01 Jun, 2006 12:00am
US Congressional team meets Salman

US Congressional team meets Salman

Adviser to the Prime Minister on Finance and Economic Affairs, Dr Salman Shah said on Wednesday, there was vast potential for the US entrepreneurs to invest in various sectors including power, energy, textile, oil and gas and coal as Pakistan's economy wa
Published 01 Jun, 2006 12:00am
Fata affairs: political agents reminded of their role

Fata affairs: political agents reminded of their role

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has underlined the important role of political agents in the overall affairs of Fata saying, "their role is pivotal and would be further strengthened to run the administration effectively".
Published 01 Jun, 2006 12:00am
Rockets fired on security posts

Rockets fired on security posts

Suspected pro-Taleban insurgents fired 80 rockets and mortars at four security check-posts overnight in a troubled tribal region near the Afghan border, officials said on Wednesday.
Published 01 Jun, 2006 12:00am
Rockets fired on security posts

Rockets fired on security posts

Suspected pro-Taleban insurgents fired 80 rockets and mortars at four security check-posts overnight in a troubled tribal region near the Afghan border, officials said on Wednesday.
Published 01 Jun, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Jun, 2006 12:00am
Ban on wheat export may be lifted this month

Ban on wheat export may be lifted this month

Pakistan is likely to lift a two-and-a-half-year ban on wheat export this month and will be eyeing the Indian market to sell its grain after a good harvest this year, an official said on Wednesday.
Published 01 Jun, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Jun, 2006 12:00am
Ban on wheat export may be lifted this month

Ban on wheat export may be lifted this month

Pakistan is likely to lift a two-and-a-half-year ban on wheat export this month and will be eyeing the Indian market to sell its grain after a good harvest this year, an official said on Wednesday.
Published 01 Jun, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (May 31, 2006).

Published 01 Jun, 2006 12:00am
Ban on wheat export may be lifted this month

Ban on wheat export may be lifted this month

Pakistan is likely to lift a two-and-a-half-year ban on wheat export this month and will be eyeing the Indian market to sell its grain after a good harvest this year, an official said on Wednesday.
Published 01 Jun, 2006 12:00am
Irsa, provincial governments to discard faulty telemetry system

Irsa, provincial governments to discard faulty telemetry system

The Indus River System Authority (Irsa) and provincial governments on Wednesday joined hands to discard the faulty telemetry system, despite directives of Prime Minister''s Inspection Commission in which the water regulator was asked to immediately take o
Published 01 Jun, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Jun, 2006 12:00am
Irsa, provincial governments to discard faulty telemetry system

Irsa, provincial governments to discard faulty telemetry system

The Indus River System Authority (Irsa) and provincial governments on Wednesday joined hands to discard the faulty telemetry system, despite directives of Prime Minister's Inspection Commission in which the water regulator was asked to immediately take ov
Published 01 Jun, 2006 12:00am
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