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Print - 2006-06-13
Jakarta shares slightly lower

Jakarta shares slightly lower

Jakarta share prices closed 0.13 percent lower in quiet trade Monday amid lacklustre regional markets and a weak rupiah, although a rebound in select banking and mining stocks cushioned the fall, dealers said.
Published 13 Jun, 2006 12:00am
Telecoms, banks drag down FTSE index

Telecoms, banks drag down FTSE index

Leading UK shares closed lower on Monday, pressured by weak telecoms and bank shares as investors nervously eyed the week's approaching batch of inflation figures.
Published 13 Jun, 2006 12:00am
New York cotton futures rise

New York cotton futures rise

US cotton futures rose on Monday after seasonal buying and hedging by those fearing drought-like conditions in key growing areas in Texas. Talk of a weak Indian monsoon, which would deprive crops of badly needed moisture, could also send global cotton mar
Published 13 Jun, 2006 12:00am
London sugar weakens

London sugar weakens

London white sugar futures settled lower on trade selling on Monday, and traders predicted an increasing appetite for physical business. Benchmark August finished down $4.2 or 0.93 percent at $446.3 per tonne in volume of 1,590 lots, having moved from $45
Published 13 Jun, 2006 12:00am
Metals mostly down

Metals mostly down

Base metals swung lower during late open-outcry trading on the London Metal Exchange (LME) on Monday as short-term sentiment became increasingly uncertain, traders said.
Published 13 Jun, 2006 12:00am
World oil falls as storm seen sparing US Gulf

World oil falls as storm seen sparing US Gulf

Oil prices fell more than a dollar on Monday as the first tropical storm of the Atlantic hurricane season looked set to steer clear of oil infrastructure in the US Gulf Coast.
Published 13 Jun, 2006 12:00am
Gold drifts higher in London

Gold drifts higher in London

Gold rose almost one percent in afternoon trade on Monday as the metal's fall towards a recent eight-week low on a firmer dollar attracted buying from physical traders and investors.
Published 13 Jun, 2006 12:00am
SCO reduces land line call charges

SCO reduces land line call charges

The Special Communication Organisation (SCO) has reduced the land lines call charges by announcing a special package for the subscribers.
Published 13 Jun, 2006 12:00am
Minimum age: Pakistan praised for ratifying Convention 138

Minimum age: Pakistan praised for ratifying Convention 138

Chairman of the Workers Group in the International Labour Organisation (ILO) Sir LeeRoy Trotman has lauded Pakistan for ratifying Convention 138 relating to minimum age, becoming the second country in South Asia to have ratified all ILO's 8 Core Conventio
Published 13 Jun, 2006 12:00am
Raise in Baitul Maal funds hailed

Raise in Baitul Maal funds hailed

The increase in funds for the government's food support programme under Baitul Maal from Rs 1,200 to Rs 3,000 per annum will go a long way to help alleviate poverty and provide relief to low-income groups.
Published 13 Jun, 2006 12:00am
Sixth ICIT conference on August 29

Sixth ICIT conference on August 29

The International Conference on Information Technology and Telecom (ICIT) 2006 will be held at the Karachi Expo Center on August 29. This was announced in a statement of the E-commerce Gateway Pakistan here on Monday.
Published 13 Jun, 2006 12:00am
CHC to provide free cancer test facility

CHC to provide free cancer test facility

Cancer-related test facilities are available at the modern clinical laboratory of Children Hospital Complex (CHC) free of cost, said MS Dr Nazar Abbas Gardezi on Monday.
Published 13 Jun, 2006 12:00am
PVTC launches training programme

PVTC launches training programme

An extensive programme has been launched by Punjab Vocational Training Council (PVTC) to constantly upgrade and elevate the skills of its instructors and teaching staff through refresher courses deployed in its vast network of vocational training institut
Published 13 Jun, 2006 12:00am
Scorching heat claims 7 lives in Southern Punjab

Scorching heat claims 7 lives in Southern Punjab

At least seven persons have died of heat stroke in southern Punjab during last 24 hours as temperature rose to 43 degree Celsius and scores of others fell unconscious because of sweltering heat in Multan, Bahawalpur and Dera Ghazi Khan divisions and Jhang
Published 13 Jun, 2006 12:00am
Every village to get primary school under ESR programme

Every village to get primary school under ESR programme

President's Education Sector Reforms (ESR) Programme emphasises the provision of education for all school age children and it proposes to achieve 76 percent net primary enrolment by 2006.
Published 13 Jun, 2006 12:00am
KESC's fast metres

KESC's fast metres

I would like to refer to the above captioned letter in your issue of 7th June. I may add that corruption in the KESC's lower level, though widely prevalent, seems to attract no notice of the top-level management.
Published 13 Jun, 2006 12:00am
Environmental tribunals

Environmental tribunals

Ineffectiveness of environmental tribunals should act as an eye-opener for the environment ministry as well as those who are responsible for making environmental policies and subsequent enforcement of them.
Published 13 Jun, 2006 12:00am
Case for not privatising NIT

Case for not privatising NIT

One of the major reasons of the current stock market crash is being attributed to the government's decision that National Investment Trust will be privatised. The privatisation Commission's decision to privatise, its planning and timing was ill planned.
Published 13 Jun, 2006 12:00am
Finance Bill 2006: policy and practice going in reverse directions

Finance Bill 2006: policy and practice going in reverse directions

It is true that many of the presumptive taxes are on transactions and they cannot qualify to be cut as income tax. The same view was expressed in the report on tax reforms which was made a basis for all subsequent changes in the tax administration in Paki
Published 13 Jun, 2006 12:00am
Finance Bill 2006: policy and practice going in reverse directions

Finance Bill 2006: policy and practice going in reverse directions

It is true that many of the presumptive taxes are on transactions and they cannot qualify to be cut as income tax. The same view was expressed in the report on tax reforms which was made a basis for all subsequent changes in the tax administration in Paki
Published 13 Jun, 2006 12:00am
Aid cut

Aid cut

In last week's vote on an appropriations bill, the US House of Representatives reduced aid money to Pakistan from the previous year's $550 million to $300 million.
Published 13 Jun, 2006 12:00am
Taxing all irrespective of source of income

Taxing all irrespective of source of income

Prime Minister Shaukat Aziz, while accepting the right of the opposition to criticise the government's budgetary proposals, has pointed out that they still failed to offer any concrete suggestions for improvement. Same holds true of the members on the Tre
Published 13 Jun, 2006 12:00am
PPCBL becomes profit-earning institution: Anwar

PPCBL becomes profit-earning institution: Anwar

The Punjab Provincial Co-operative Bank Limited (PPCBL) is expected to post a profit of Rs 300 million during the year 2005-06 against previous year's Rs 180 million. "The bank is now out of woods; it is no more a loss-making entity as it used to be about
Published 13 Jun, 2006 12:00am
Power outage persists despite early closure of shops

Power outage persists despite early closure of shops

A deep resentment was found among the shopkeepers and traders over the orders to close their businesses at dusk. Various markets of the city were closed in accordance with the new schedule of 8pm on Monday, and at many places, police mobiles were present
Published 13 Jun, 2006 12:00am
LCCI takes lead by starting foreign language courses

LCCI takes lead by starting foreign language courses

The Provincial Minister for Education, Mian Imran Masood, has said that Lahore Chamber of Commerce and Industry (LCCI) has taken the lead by starting foreign language courses, as this would on the one hand help build the image of the country while boost t
Published 13 Jun, 2006 12:00am
Call to initiate Pak-Afghan confidence building measures

Call to initiate Pak-Afghan confidence building measures

Former Afghan Minister and Afghan Study Centre Kabul Head Professor Rasool Amin has called for initiating confidence building measures (CBMs) by the governments of Afghanistan and Pakistan for promotion and establishment of friendly and brotherly relation
Published 13 Jun, 2006 12:00am
Factory worker shot dead

Factory worker shot dead

A hosiery worker, Ali Raza was shot dead in industrial area Sidhar, here on Monday, when he intervened in a quarrel between two rival parties who resorted to exchange of fire. Thikrewala police have registered a case against one dozen persons involved in
Published 13 Jun, 2006 12:00am
Exam format of Behavioural Sciences launched

Exam format of Behavioural Sciences launched

The University of Health Sciences (UHS), has launched the syllabi and examination format of newly introduced subject of Behavioural Sciences in the IInd professional examinations of both MBBS and BDS.
Published 13 Jun, 2006 12:00am
499 more gastro patients hospitalised in Multan

499 more gastro patients hospitalised in Multan

As many as 499 patients of gastro-enteritis and diarrhoea have been hospitalised at Nishtar Hospital and Children Hospital Complex (CHC) during the last nine days.
Published 13 Jun, 2006 12:00am
PIMS automated for efficient delivery of health services

PIMS automated for efficient delivery of health services

The Ministry of Information Technology (IT) has automated the Pakistan Institute of Medical Sciences (PIMS) with a cost of Rs 39 for efficient delivery of health services. Minister for Information Technology Awais Ahmad Khan Leghari and Minister of Health
Published 13 Jun, 2006 12:00am
FGM exposes women, babies to risk at childbirth

FGM exposes women, babies to risk at childbirth

Women, who have had female genital mutilation (FGM), are more likely to experience difficulties during childbirth; and their babies are also at risk to die as a result of the practice.
Published 13 Jun, 2006 12:00am
'US responsible for current unrest in Afghanistan'

'US responsible for current unrest in Afghanistan'

A six-member Afghan media delegation comprising senior electronic and print media journalists visited the Area Study Centre for Russia, China and Central Asia, Peshawar University on Monday morning and exchanged views with the ASC researchers on Pak-Afgha
Published 13 Jun, 2006 12:00am
Schemes worth Rs 20 million approved for Alipur

Schemes worth Rs 20 million approved for Alipur

Development schemes worth Rs 20 million have been approved for tehsil Alipur by the Chief Minister Punjab. This was told by provincial parliamentary secretary for Auqaf, Syed Qaim Ali Shah while talking to APP here on Monday.
Published 13 Jun, 2006 12:00am
Rs 23.9 million worth projects approved

Rs 23.9 million worth projects approved

Punjab Minister for Law, Local Government and Public Prosecution, Muhammad Basharat Raja has said that approval has been granted for 24 new developmental projects, costing Rs 23.9 million to be executed under Tameer-e-Punjab Programme.
Published 13 Jun, 2006 12:00am
Crocker discusses Fata uplift with Orakzai

Crocker discusses Fata uplift with Orakzai

US Ambassador in Pakistan Ryan C. Crocker called on NWFP Governor Lieutenant General Ali Mohammad Jan Orakzai (Retd) at Governor's House here on Monday. He discussed with the Governor various matters of mutual interests. Peshawar-based US Consul Micheal S
Published 13 Jun, 2006 12:00am
Pakistan calls for strengthening Unctad

Pakistan calls for strengthening Unctad

Pakistan has called for strengthening the United Nations Conference on Trade and Development (Unctad) to facilitate successful integration of developing countries in the global economy.
Published 13 Jun, 2006 12:00am
PEF imparts training to 3,000 teachers

PEF imparts training to 3,000 teachers

Punjab Education Foundation (PEF) has so far imparted training to over 3,000 teachers of as many as 700 private schools in 30 districts of the province.
Published 13 Jun, 2006 12:00am
'Pakistan can enhance milk production'

'Pakistan can enhance milk production'

Pakistan can enhance milk production by managing the nutrition of its milk-giving animals in a scientific way. Tilak R. Dhilman, Associate Professor on Dairy Nutrition in Utah State University, USA stated this while addressing a training programme arrange
Published 13 Jun, 2006 12:00am
CFGL merger into GGL to be beneficial for shareholders

CFGL merger into GGL to be beneficial for shareholders

The merger of the Ghani Float Glass Limited (CFGL) into Ghani Glass Limited (GGL) would be beneficial for the shareholders of both the companies, and it would also strengthen the confidence of customers, banks and suppliers.
Published 13 Jun, 2006 12:00am
CFGL merger into GGL to be beneficial for shareholders

CFGL merger into GGL to be beneficial for shareholders

The merger of the Ghani Float Glass Limited (CFGL) into Ghani Glass Limited (GGL) would be beneficial for the shareholders of both the companies, and it would also strengthen the confidence of customers, banks and suppliers.
Published 13 Jun, 2006 12:00am
Large number of women working without fringe benefits

Large number of women working without fringe benefits

A large number of women are working in informal labour market, which does not offer fringe benefits, health care and transport facilities. This is a key finding of a book "Gender and Empowerment: Evidence from Pakistan".
Published 13 Jun, 2006 12:00am
Building of defiant head of 'Lashkar-e-Islam' blown up

Building of defiant head of 'Lashkar-e-Islam' blown up

Political authorities on Monday blew up a commercial building of the defiant head of 'Lashkar-e-Islam', in the main market of Tehsil Bara, Khyber Agency as business activities remained closed for second day.
Published 13 Jun, 2006 12:00am
CNG stations pose no threat to civilian population: minister

CNG stations pose no threat to civilian population: minister

Federal Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon has rejected the rumours about threat to civilian population as a result of establishment of CNG stations in populous areas saying that government is issuing licenses after ensuri
Published 13 Jun, 2006 12:00am
World Day against Child Labour observed

World Day against Child Labour observed

'The World Day against Child Labour 2006' was observed in Pakistan like rest of the world on June 12, with a renewed pledge that all out efforts will continue to be made for elimination of child labour.
Published 13 Jun, 2006 12:00am
Musharraf may meet Ahmadinejad, Karzai in Shanghai

Musharraf may meet Ahmadinejad, Karzai in Shanghai

President Pervez Musharraf is likely to meet Iranian president Mahmoud Ahmadinejad, Afghan president Hamid Karzai and other world leaders on the sidelines of the Shanghai Co-operation Organisation (SCO) summit in Shanghai, China on June 15. Pakistan enjoy
Published 13 Jun, 2006 12:00am
Federal budget full of contradictions: RCCI

Federal budget full of contradictions: RCCI

Hidden taxes in the Budget 2006-07 would increase inflation and price-hike while doubling the tax on stock market has damaged the country's economy, said Jalil Ahmed Malik, president, Rawalpindi Chamber of Commerce and Industry (RCCI) here on Monday.
Published 13 Jun, 2006 12:00am
Chicken, egg prices raised

Chicken, egg prices raised

After calm down of the bird flu (H5N1) rumours, chicken rates suddenly raised in the ancient city of Multan and adjacent areas. People noted that chicken was being sold at Rs 50 per kilogram a week ago but now the rate had jumped up to Rs 95 to 100, while
Published 13 Jun, 2006 12:00am
Thuraya opened 200 PCOs in quake-hit areas

Thuraya opened 200 PCOs in quake-hit areas

During the October 8 earthquake, Thuraya Company opened 200 PCOs in the devastated areas and donated 50 sets with prepaid airtime to the government. All PCOs were facilitated with 70 percent-reduced rates to facilitate the communication, said Chief Operat
Published 13 Jun, 2006 12:00am
German firm to invest in water supply, sanitation projects

German firm to invest in water supply, sanitation projects

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that government is attaching top priority to the reformation of water supply and sanitation system and huge funds are being spent on the improvement of this sector.
Published 13 Jun, 2006 12:00am
Performance of Minfal criticised

Performance of Minfal criticised

Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Khan Bosan on Monday negated the dismal performance of agriculture sector during the out-going fiscal year saying that the average performance of the sector last year stood at 5pc, which
Published 13 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Monday (June 12, 2006) and the forecast for Tuesday (June 13, 2006).
Published 13 Jun, 2006 12:00am
Syndicate approves GC University budget

Syndicate approves GC University budget

The Syndicate of GC University Lahore has approved budget worth Rs 1054.422 million including Rs 633.437 million developmental and Rs 420.985 million non-developmental budget for the year 2006-07, in its 11th meeting held here in the vice-chancellor's com
Published 13 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 13 Jun, 2006 12:00am
Mustafa for boosting trade ties with India

Mustafa for boosting trade ties with India

City Nazim Syed Mustafa Kamal on Monday said disputes between Pakistan and India could be resolved only by improving economic ties between the two countries.
Published 13 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 13 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 13 Jun, 2006 12:00am
Fata alliance seeks government intervention in Bara

Fata alliance seeks government intervention in Bara

The Fata Grand Alliance on Monday demanded of NWFP Governor Ali Mohammad Jan Orakzai to take notice of the deteriorating situation in Bara, Khyber Agency, saying that some vested interests were creating anarchy in the area through a well-planned conspirac
Published 13 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 12, 2006).

Published 13 Jun, 2006 12:00am
British Airways wins world award

British Airways wins world award

British Airways has scooped the title of Airline of the Year 2006 at the annual Skytrax World Airline Awards. Jumping four places from last year's line-up, the British Airways beat key competitors from all over the world to take the awards, says a press r
Published 13 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 12, 2006).

Published 13 Jun, 2006 12:00am
Pakistan awaits Indian response to improve maritime ties

Pakistan awaits Indian response to improve maritime ties

Pakistan still awaits Indian response on shipping protocol designed to improve maritime relationships between the two countries and enable them to lift third country's cargo from each others ports. The lukewarm response by New Delhi has further delayed th
Published 13 Jun, 2006 12:00am
NWFP health budget to be enhanced by 40 percent

NWFP health budget to be enhanced by 40 percent

NWFP Minister for Health, Inayatullah has disclosed that developmental budget of the health sector will be enhanced by 40 percent in the next provincial budget.
Published 13 Jun, 2006 12:00am
Farm products marketing system not fair, National Assembly body told

Farm products marketing system not fair, National Assembly body told

Federal Minister for Industries Jehangir Khan Tareen on Monday informed the National Assembly standing committee on food, agriculture and livestock that market practices for agri produce were not fair, as there was no policy and planning for this in this
Published 13 Jun, 2006 12:00am
LHC issues notices in contractor petition

LHC issues notices in contractor petition

The Lahore High Court (LHC) has issued notices to the respondents for June 20 in a petition filed by a contractor Muhammad Iqbal Mughal challenging registration of second FIR against him.
Published 13 Jun, 2006 12:00am
Hearing put off in writ against Musharraf

Hearing put off in writ against Musharraf

The Lahore High Court (LHC) has adjourned till June 19, the proceedings in a petition against President General Pervez Musharraf. The petitioner President Pakistan Lawyers Forum (PLF) contended that the respondent Pervez Musharraf is carrying out politica
Published 13 Jun, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 12, 2006).

Published 13 Jun, 2006 12:00am
Under trial prisoner shot dead

Under trial prisoner shot dead

An under trial prisoner accused in police custody was shot dead by his rival in Tehsil Court premises, Chiniot, here on Monday. According to details, when a police party was carrying a handcuffed accused, Jehangir Ali, to present him in a court, suddenly,
Published 13 Jun, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (June 12, 2006) and for Tuesday (June 13, 2006).
Published 13 Jun, 2006 12:00am
KATI urges KESC to expedite work on supply lines

KATI urges KESC to expedite work on supply lines

Chairman, Korangi Association of Trade and Industry (KATI) Gulzar Feroz has urged the management of the Karachi Electric Supply Corporate (KESC) to expedite work on revamping of power supply lines.
Published 13 Jun, 2006 12:00am
Tenders for import of 1.5 million tons of iron ore today

Tenders for import of 1.5 million tons of iron ore today

Tenders for the import of 1.5 million tons of iron ore will be opened here on June 13. Pakistan Steel Mills (PSM) had invited freight tenders for the transport of 1.5 million tons of iron ore, 1.2 million tons from Goa, India and 0.25 million tons from Au
Published 13 Jun, 2006 12:00am
Sindh imposes ban on black polythene bags

Sindh imposes ban on black polythene bags

Governor Sindh, Dr Ishrat-ul-Ibad has promulgated the Sindh prohibition on manufacture, sale and use of polythene bags ordinance, 2006 with immediate effect, which shall be deemed to have taken effect from May 01, 2006.
Published 13 Jun, 2006 12:00am
Foreign group takes over Aero Asia

Foreign group takes over Aero Asia

Aero Asia International Airlines has been taken over by a multinational group that is based in England. An agreement to this effect was signed last week at the head office of Aero Asia International by Zahoor Ahmed, chairman of regal group and Yaqoob Taba
Published 13 Jun, 2006 12:00am
Airblue to add another four aircraft to its fleet

Airblue to add another four aircraft to its fleet

Airblue will add another four, two wide body and two narrow body aircraft, to its existing fleet of five aircraft to take its fleet size to nine within the next twelve months.
Published 13 Jun, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 12, 2006).

Published 13 Jun, 2006 12:00am
Cooperatives societies' audit to be made mandatory

Cooperatives societies' audit to be made mandatory

Punjab Co-operatives Minister Colonel Muhammad Anwar (Retd) has said that the Punjab Co-operative Societies Act, 1925 is being amended to meet the present day needs. While addressing a press conference here on Monday, Anwar said that a bill of amended law
Published 13 Jun, 2006 12:00am
Population welfare subject to be introduced at SSC, HSC levels

Population welfare subject to be introduced at SSC, HSC levels

The Sindh Secretary for Population Welfare Department Muhammad Mohsin Qureshi has announced that Sindh government has decided to introduce a subject of population welfare in the academic syllabus of secondary and higher secondary levels with a view to int
Published 13 Jun, 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 Monday (June 12, 2006).

Published 13 Jun, 2006 12:00am
International Bank and Finance Expo from July 21

International Bank and Finance Expo from July 21

The first-ever high profile exhibition on banking and financial market "International Bank and Finance Expo 2006" is scheduled to be held from July 21 to 23, 2006 at Karachi Expo Centre.
Published 13 Jun, 2006 12:00am
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