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Print - 2006-06-28
Cease-fire in Waziristan termed a positive step

Cease-fire in Waziristan termed a positive step

Federal Interior Minister, Aftab Ahmad Khan Sherpao has termed the decision of militants announcing one month cease-fire in the tribal area of North Waziristan a positive step.
Published 28 Jun, 2006 12:00am
Soldier injured in Waziristan landmine blast

Soldier injured in Waziristan landmine blast

A paramilitary soldier was injured on Tuesday in North Waziristan in a roadside land mine blast near a military convoy, reports said. The attack occurred near Miranshah, the headquarters of the North Waziristan when a military convoy was heading to Mirans
Published 28 Jun, 2006 12:00am
500 watercourses to be cemented: Arbab

500 watercourses to be cemented: Arbab

Around 500 canal watercourses would be cemented across Sindh during the next financial in a bid increase production and ensure judicious usage of water, Chief Minister Sindh, Dr Arbab Ghulam Rahim said on Tuesday. Talking to PTV he said a separate project
Published 28 Jun, 2006 12:00am
Japanese team briefed on Gandhara civilisation

Japanese team briefed on Gandhara civilisation

The government of Pakistan and the people of Japan have great fascination for the Buddhist Civilisation of Gandhara which originated in the NWFP and influenced all the Buddhist countries of the world, said the former Director of the Peshawar Museum, Profe
Published 28 Jun, 2006 12:00am
Smooth implementation of devolution plan directed

Smooth implementation of devolution plan directed

Balochistan Chief Secretary K B Rind has directed all the provincial departments to ensure smooth and timely implementation of devolution plan in the province. Presiding over a meeting to review progress on implementation of the devolution plan here on Tu
Published 28 Jun, 2006 12:00am
Meeting convened

Meeting convened

Housing Department Punjab has convened a meeting with Zila Nazim Gujranwala, DCO Gujranwala and Managing Director Wasa, Gujranwala to work out a solution for resolution of civic problems confronted to Gujranwala City.
Published 28 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (June 27, 2006) and the forecast for Wednesday (June 28, 2006).
Published 28 Jun, 2006 12:00am
Downpour turns weather pleasant

Downpour turns weather pleasant

Monsoon showers lashed the industrial city of Faisalabad on Tuesday and turned the weather pleasant. So far, 18mm of heavy and light rainfall, with 59-km winds have been recorded in the district. Some low-lying areas of the industrial city came under rain
Published 28 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 28 Jun, 2006 12:00am
Aurakzai for exploring natural resources in Fata

Aurakzai for exploring natural resources in Fata

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (retd) has underscored the need for creating mass awareness about the mineral potentials and its significance in the over all socio-economic uplift of the Fata people, saying the tribal area would
Published 28 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 28 Jun, 2006 12:00am
USC strengthens vigilance mechanism

USC strengthens vigilance mechanism

The Internal monitoring system of Utility Stores Corporation (USC) has recently been strengthened further aiming to ensure persistent supply of best quality products to masses.
Published 28 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Dutch company to sign MoU with engineering firm today

Dutch company to sign MoU with engineering firm today

A Dutch firm Menzing Industries will sign a memorandum of understanding (MoU) with a Karachi based firm-Research and Development Engineering Company. The MoU will be inked in Islamabad on Wednesday, says the leader of a three-member business delegation fr
Published 28 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Crackdown on pesticide adulterators soon

Crackdown on pesticide adulterators soon

Punjab task force will soon conduct raids against manufacturers and distributors of adulterated pesticides. A spokesman for the Punjab agriculture department here on Tuesday warned those involved in this illegal practice to stop adulteration in pesticides
Published 28 Jun, 2006 12:00am
Key stock and currency market movements

Key stock and currency market movements

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 28 Jun, 2006 12:00am
Rs 100 million Town-II District Peshawar budget unveiled

Rs 100 million Town-II District Peshawar budget unveiled

Nazim, Town-II City District Peshawar, Haji Mohammad Sharif on Tuesday presented an annual budget of Rs 100 million for financial year 2006-07. The total expenditure is Rs 99.236 million with a surplus amount of Rs 0.811 million.
Published 28 Jun, 2006 12:00am
Rs 100 million Town-II District Peshawar budget unveiled

Rs 100 million Town-II District Peshawar budget unveiled

Nazim, Town-II City District Peshawar, Haji Mohammad Sharif on Tuesday presented an annual budget of Rs 100 million for financial year 2006-07. The total expenditure is Rs 99.236 million with a surplus amount of Rs 0.811 million.
Published 28 Jun, 2006 12:00am
Rs 4.583 billion CDGR budget presented

Rs 4.583 billion CDGR budget presented

The City District Government Rawalpindi has presented Rs 4.583 billion budget with Rs 1.186 billion development and Rs 3.038 billion non-development expenditures.
Published 28 Jun, 2006 12:00am
Rs 4.583 billion CDGR budget presented

Rs 4.583 billion CDGR budget presented

The City District Government Rawalpindi has presented Rs 4.583 billion budget with Rs 1.186 billion development and Rs 3.038 billion non-development expenditures.
Published 28 Jun, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Pak-Iran bus service may be delayed by three months

Pak-Iran bus service may be delayed by three months

The incomplete road infrastructure is likely to cause at least three-month delay in launching Pak-Iran bus service. "We are having a number of problems...a proper road network does not exist at the moment to start regular bus service with Iran", the sourc
Published 28 Jun, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (June 27, 2006) and for Wednesday (June 28, 2006).
Published 28 Jun, 2006 12:00am
Pakistan asks India not to start work on Ori-2 project

Pakistan asks India not to start work on Ori-2 project

Pakistan Indus Basin Commissioner Syed Jammat Ali Shah has said that Pakistan has asked India not to start construction work at Ori-2 project on Jhelum River until Islamabad's objections on the project are not removed.
Published 28 Jun, 2006 12:00am
CDWP to consider 24 uplift projects on June 29

CDWP to consider 24 uplift projects on June 29

The Central Development Working Party (CDWP) will meet here on Thursday (June 29) with Planning Commission Deputy Chairman Dr Akram Sheikh in the chair to consider 24 development projects worth Rs 7.6 billion having foreign exchange component at Rs 571.71
Published 28 Jun, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Return of genuine democracy to fight terrorism underlined

Return of genuine democracy to fight terrorism underlined

Experts and parliamentarians here on Tuesday advocated for the return of genuine democracy to fight terrorism, social inequalities and to achieve sustainable economic growth, reducing the widening rich-poor cleavage.
Published 28 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
GCU signs MoU with WWF-Pakistan

GCU signs MoU with WWF-Pakistan

The Government College University (GCU), Lahore, on Tuesday signed a memorandum of understanding (MoU) with the WWF-Pakistan for exploring co-operation in joint educational programmes and applied research projects, especially in the field of environmental
Published 28 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Nursing students stipend raised to Rs 3,000 plus

Nursing students stipend raised to Rs 3,000 plus

Sindh Health Minister Shabbir Ahmed Qaimkhani here on Tuesday announced a raise by Rs 3,000 plus in the stipend of nursing students enrolled with different public sector schools across the province.
Published 28 Jun, 2006 12:00am
Reduction in port 'free time' demanded

Reduction in port 'free time' demanded

Under instructions from Prime Minister Shaukat Aziz to reduce cost of production and business, to modernise and simplify the ports and shipping facilities and to remove unnecessary obstacles in trade, the second meeting of National Trade Corridor Committe
Published 28 Jun, 2006 12:00am
Election petition

Election petition

The Lahore High Court (LHC) on Tuesday adjourned till July 05, the proceedings in election petition field by provincial minister Syed Ali Raza Gillani challenging the election of Iftikhar Hussain as MPA. The petitioner contended that the respondent used h
Published 28 Jun, 2006 12:00am
THE RUPEE: sharp recovery versus dollar

THE RUPEE: sharp recovery versus dollar

The rupee resisted further erosion versus the dollar in the open market, recovering 14 paisa for buying at 60.70 and managed to gain 19 paisa for selling at 60.75, dealers said.
Published 28 Jun, 2006 12:00am
Baloch for restoration of law, order situation in Karachi

Baloch for restoration of law, order situation in Karachi

Naib Ameer Jamaat-i-Islami Liaquat Baloch has demanded of the government to remove Governor and Chief Minister Sindh and also take immediate steps for restoration of law and order in Karachi which is going from bad to worse with every passing day.
Published 28 Jun, 2006 12:00am
THE RUPEE: sharp recovery versus dollar

THE RUPEE: sharp recovery versus dollar

The rupee resisted further erosion versus the dollar in the open market, recovering 14 paisa for buying at 60.70 and managed to gain 19 paisa for selling at 60.75, dealers said.
Published 28 Jun, 2006 12:00am
SBP sells Rs 36.4 billion of Treasury Bills

SBP sells Rs 36.4 billion of Treasury Bills

The State Bank of Pakistan (SBP) sold Rs 36,400 million of Treasury bills on Tuesday in a nine-day repo operation at 7.95 percent to mop up funds from the money market.
Published 28 Jun, 2006 12:00am
SBP sells Rs 36.4 billion of Treasury Bills

SBP sells Rs 36.4 billion of Treasury Bills

The State Bank of Pakistan (SBP) sold Rs 36,400 million of Treasury bills on Tuesday in a nine-day repo operation at 7.95 percent to mop up funds from the money market.
Published 28 Jun, 2006 12:00am
Schools to reopen on August 16

Schools to reopen on August 16

The Steering Committee of Education and Literacy Department Sindh, on Tuesday upheld its previous decision of re-openiing of schools from August 16 The Steering Committee, which met here at the committee room of Education Department, under the Chairmanshi
Published 28 Jun, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Textile sector team to meet Prime Minister on June 29

Textile sector team to meet Prime Minister on June 29

A delegation of the textile sector led by Chairman Cost of Doing Business Committee Zubair Motiwala will meet Prime Minister of Pakistan Shaukat Aziz on June 29,2006 to discuss issues related to textile sector in Islamabad. The delegation will discuss tex
Published 28 Jun, 2006 12:00am
Rs 50 million allocated for establishing food storages

Rs 50 million allocated for establishing food storages

On farm warehousing capacity for food grains will be established under public-private partnership programme. This was stated by provincial Minister for Agricultural Marketing, Rana Muhammad Qasim Noon, while talking to a delegation of farmers at his offic
Published 28 Jun, 2006 12:00am
Arbab pledges to resolve journalists' problems

Arbab pledges to resolve journalists' problems

A delegation of the Karachi Press Club (KPC) office-bearers on Tuesday called on Sindh Chief Minister, Dr Arbab Ghulam Rahim in his Sindh Assembly chamber and apprised him of problems faced by the journalist community.
Published 28 Jun, 2006 12:00am
Al-Meezan gets five-Star fund rating

Al-Meezan gets five-Star fund rating

The Pakistan Credit Rating Agency (PACRA) has assigned a 5-Star fund rating to Al Meezan Mutual Fund (Category: Islamic Fund), which reflects a superior performance relative to its peers. The rating is a composite measure of two factors namely a) returns,
Published 28 Jun, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
Al-Meezan gets five-Star fund rating

Al-Meezan gets five-Star fund rating

The Pakistan Credit Rating Agency (PACRA) has assigned a 5-Star fund rating to Al Meezan Mutual Fund (Category: Islamic Fund), which reflects a superior performance relative to its peers. The rating is a composite measure of two factors namely a) returns,
Published 28 Jun, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jun, 2006 12:00am
Rs 2397.963 million budget for Hyderabad unveiled

Rs 2397.963 million budget for Hyderabad unveiled

Hyderabad district nazim Kanwar Naveed on Tuesday presented tax-free budget with an outlay of Rs 2,397.963 million against projected expenditure of Rs 2,397.962 million having an Annual Development Programme (ADP) 2006-07 of Rs 386.473 million and Distric
Published 28 Jun, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Jun, 2006 12:00am
Rs 2397.963 million budget for Hyderabad unveiled

Rs 2397.963 million budget for Hyderabad unveiled

Hyderabad district nazim Kanwar Naveed on Tuesday presented tax-free budget with an outlay of Rs 2,397.963 million against projected expenditure of Rs 2,397.962 million having an Annual Development Programme (ADP) 2006-07 of Rs 386.473 million and Distric
Published 28 Jun, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (June 27, 2006).

Published 28 Jun, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 28 Jun, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 28 Jun, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Jun, 2006 12:00am
Dhabeji-Karachi water main bursts

Dhabeji-Karachi water main bursts

The 72 inch dia water main supplying water from Dhabeji to Karachi suddenly burst following suspension of power supply at 6 am Tuesday and as a result the city received 22 Mgd less water. A KWSB spokesman said that water Board staff reached the site of bu
Published 28 Jun, 2006 12:00am
Minfal fails to finalise fisheries, aquaculture policy

Minfal fails to finalise fisheries, aquaculture policy

Ministry of Food Agriculture and Livestock (Minfal) has failed to finalise National Policy Framework for fisheries and aquaculture development to increase contribution of the sector to the total GDP growth.
Published 28 Jun, 2006 12:00am
Pakistan and US reiterate desire to strengthen defence ties

Pakistan and US reiterate desire to strengthen defence ties

Pakistan and US reiterated their desire to further strengthen defence relations so as to cope with the emerging challenges in mutually beneficial ways. This was discussed during a meeting between Ryan Henry, Principal Deputy for the US Under Secretary of
Published 28 Jun, 2006 12:00am
Sugar prices on the rise

Sugar prices on the rise

The prices of sugar continue to escalate in the retail market on the one hand, and on the other, some of the consumers are facing problems in buying the commodity from the utility stores.
Published 28 Jun, 2006 12:00am
Soneri Bank ratings maintained

Soneri Bank ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Soneri Bank Limited at AA- (double A minus) and Al+ (A one plus), respectively.
Published 28 Jun, 2006 12:00am
Wheat export may be allowed: minister

Wheat export may be allowed: minister

Govt is expected in July to allow the private sector to export wheat as a first step towards lifting a two-year-long ban, paving the way for long-awaited sales to India, a government minister said on Tuesday.
Published 28 Jun, 2006 12:00am
Sindh Assembly approves provincial budget, finance bill

Sindh Assembly approves provincial budget, finance bill

The Sindh assembly on Tuesday gave assent to the provincial budget for 2006-07 and the finance bill in the absence of opposition MPAs, who boycotted the session after coming to know that a case had been registered against their four colleagues for thrashi
Published 28 Jun, 2006 12:00am
Sindh Assembly approves provincial budget, finance bill

Sindh Assembly approves provincial budget, finance bill

The Sindh assembly on Tuesday gave assent to the provincial budget for 2006-07 and the finance bill in the absence of opposition MPAs, who boycotted the session after coming to know that a case had been registered against their four colleagues for thrashi
Published 28 Jun, 2006 12:00am
Opposition demands discretionary fund for councillors

Opposition demands discretionary fund for councillors

Opposition in the city district council has demanded the allocation of discretionary fund of union councillors Rs 6.4 million in the fiscal budget 2006-07 for the development of union councils.
Published 28 Jun, 2006 12:00am
Benazir and Nawaz united to get rid of present rulers: Aitzaz

Benazir and Nawaz united to get rid of present rulers: Aitzaz

A central leader of PPP Chaudhry Aitzaz Ahsan has said that the Establishment is not going to relinquish the power even if the country is dismemberment. Speaking to a private TV channel, he said it is not an easy task to get rid of the present rulers as h
Published 28 Jun, 2006 12:00am