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Print - 2006-06-29
Corporate bonds rally

Corporate bonds rally

European corporate bonds and credit default swaps rallied on Wednesday, as dealers covered short positions before Thursday's US interest rate decision, and investors snapped up bonds made cheaper by recent price falls.
Published 29 Jun, 2006 12:00am
Corporate bonds rally

Corporate bonds rally

European corporate bonds and credit default swaps rallied on Wednesday, as dealers covered short positions before Thursday's US interest rate decision, and investors snapped up bonds made cheaper by recent price falls.
Published 29 Jun, 2006 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks were little changed on Wednesday, with investors wary of bidding stocks up before the start of a Federal Reserve meeting that could result in a signal that interest rates will keep rising.
Published 29 Jun, 2006 12:00am
Seoul shares slip

Seoul shares slip

South Korean shares fell for the first time in three sessions on Wednesday, as caution ahead of the Federal Reserve's policy meeting this week sparked a sell-off of exporters such as LG.Philips LCD following recent gains.
Published 29 Jun, 2006 12:00am
FTSE closes higher

FTSE closes higher

UK stocks closed higher on Wednesday as a fresh wave of merger and acquisitions activity boosted media stocks such as Reed Elsevier and heavyweight oil stocks lent support, spurred by rising oil prices.
Published 29 Jun, 2006 12:00am
Drought to hurt US cotton plantings

Drought to hurt US cotton plantings

Industry analysts are divided over how much cotton US farmers planted, but they unanimously declared on Wednesday that a withering drought may severely pinch production and yields in 2006/07.
Published 29 Jun, 2006 12:00am
Volatile prices limit Dubai gold futures growth

Volatile prices limit Dubai gold futures growth

Volatile prices have affected Dubai Gold and Commodities Exchange but volumes are set to surge with some stability in the market and as more trading members becoming active, the head of the exchange said.
Published 29 Jun, 2006 12:00am
Oil settles above $72 as US inventories decline

Oil settles above $72 as US inventories decline

Oil rose over $72 a barrel on Wednesday after a US government report showed a big fall in crude inventories and a surprise drop in gasoline stocks, renewing supply worries during summer driving season.
Published 29 Jun, 2006 12:00am
Brazil may destroy GMO cotton fields

Brazil may destroy GMO cotton fields

Brazil may destroy 16,000 hectares of genetically modified cotton that has not been granted commercial clearance in Brazil, an agriculture ministry technician said.
Published 29 Jun, 2006 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures finished higher Wednesday on trade and speculative buying while players braced for a pair of government reports being released this week to provide the market near-term direction, dealers said.
Published 29 Jun, 2006 12:00am
London sugar lower

London sugar lower

London white sugar futures closed weaker in switch-dominated trade ahead of expiry of the front-month August contract on July 14, traders said. August settled down $2.10 at $463.90 per tonne after trading in a range of $469.00 to $461.50.
Published 29 Jun, 2006 12:00am
Base metals higher

Base metals higher

Copper bounced 2.4 percent on thin buying on Wednesday, but investors were cautious ahead of a US Federal Reserve meeting on interest rates, dealers said. At the end of the day's trading London Metal Exchange copper for delivery in three months was at $6,
Published 29 Jun, 2006 12:00am
Gold prices up in London

Gold prices up in London

Gold held in a fairly tight steadier range on Wednesday, as a two-day US Federal Reserve meeting started that will offer signals on the course of interest rates and determine the metal's direction.
Published 29 Jun, 2006 12:00am
US MIDDAY: coffee rallies

US MIDDAY: coffee rallies

US arabica coffee futures settled up more than 2 percent at a three-week high Wednesday, bolstered by speculative buying on colder-than-expected temperatures in top coffee producer Brazil, market sources said.
Published 29 Jun, 2006 12:00am
US MIDDAY: cocoa futures rise

US MIDDAY: cocoa futures rise

US cocoa futures advanced to a seven-week high on Wednesday, fuelled by follow-through speculative buying amid bullish technical signals on the price charts and broad gains in the commodity sector, dealers said.
Published 29 Jun, 2006 12:00am
US MIDDAY: sugar shade up

US MIDDAY: sugar shade up

Raw sugar prices settled slightly higher Wednesday on modest trade buying as players kept their focus on the spot contract's expiration by the end of the week, brokers said.
Published 29 Jun, 2006 12:00am
US MIDDAY: corn moves up

US MIDDAY: corn moves up

Corn futures at the Chicago Board of Trade were up early on Wednesday with firm cash corn markets and slow farmer selling supportive, along with a rumour China may have bought a cargo of US corn, traders said.
Published 29 Jun, 2006 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures at the Chicago Board of Trade were lower early on Wednesday in a light profit-taking setback after strong advances this week, traders said.
Published 29 Jun, 2006 12:00am
US MIDDAY: copper firms

US MIDDAY: copper firms

COMEX copper futures opened higher on Wednesday, rebounding from the previous session's 4.5 percent sell-off, as prices held their recent range and the market marked time ahead of Thursday's Federal Reserve decision on interest rates, sources said.
Published 29 Jun, 2006 12:00am
US MIDDAY: soyabeans mixed

US MIDDAY: soyabeans mixed

Soyabean futures at the Chicago Board of Trade were choppy and mixed early on Wednesday in consolidation trade ahead of the release early Friday of several important government reports, traders said.
Published 29 Jun, 2006 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold futures in New York quietly rose early on Wednesday, extending Tuesday's climb, as the market awaited Thursday's decision by the Federal Reserve on how much higher to raise US interest rates.
Published 29 Jun, 2006 12:00am
No compromise on rights of Kashmiris: Sultan

No compromise on rights of Kashmiris: Sultan

Peoples Muslim League President, Barrister Sultan Mehmood Chaudhry said that he would continue work day and night for the welfare of Kashmiris and would not compromise on their rights. He said in past the people of Kashmir had expressed their confidence i
Published 29 Jun, 2006 12:00am
Formation of Afro-Asian Economic Forum shortly

Formation of Afro-Asian Economic Forum shortly

Efforts to form Afro-Asian Economic Forum (AEF) enter into the final stage with the member states agreeing to frame the constitution and aims and objectives of the forum.
Published 29 Jun, 2006 12:00am
Exports to UAE doubled in last five years

Exports to UAE doubled in last five years

Pakistan's exports to United Arab Emirates (UAE) doubled during the last five years from 727.49 million dollars in 2001-02 fiscal (July- June) to estimated 1.4 billion dollars in 2005-06 fiscal.
Published 29 Jun, 2006 12:00am
Sugar cartel's tax

Sugar cartel's tax

The decision of the Prime Minister to put the income tax returns of the entire sugar mills that have made unprecedented profit of billions at the cost of hapless citizens, to audit, is a welcome step (refer news of June 23).
Published 29 Jun, 2006 12:00am
PTCL privatisation

PTCL privatisation

One State-owned monopoly viz., PTCL has been sold to another State-owned monopoly viz., Etisalat on terms and conditions known only to a few individuals. PTCL was a precious national asset and was sacrificed at the altar of privatisation for the sake of p
Published 29 Jun, 2006 12:00am
Contract doctors

Contract doctors

Apropos of a recent news item that appeared in a section of press, regarding regularisation of the service of doctors on contract, I would like to draw your attention to a very important issue.
Published 29 Jun, 2006 12:00am
Nigerian oil dispute flares into full-scale revolt

Nigerian oil dispute flares into full-scale revolt

Crude oil seeping from a gnarled steel wellhead forms a lake the size of a soccer pitch near the Nigerian village of Kegbara-Dere, but these oilfields have not exported a drop in 13 years.
Published 29 Jun, 2006 12:00am
Steel deal annulment: time for second thoughts

Steel deal annulment: time for second thoughts

In my earlier article on Pakistan Steel published in this esteemed newspaper I had said 31st March 2006 was another dark day in the history of Pakistan when 75 percent shares of Pakistan Steel were sold out for a partly sum of Rs 21.680 billion rupees to
Published 29 Jun, 2006 12:00am
Balochistan tubewells

Balochistan tubewells

The government's decision to charge agriculture tubewells in Balochistan on the basis of actual power consumption instead of a fixed rate of Rs 4,000 per month from the current month has prompted the Balochistan Chamber of Agriculture (BCA) to oppose the
Published 29 Jun, 2006 12:00am
Sanity prevails

Sanity prevails

The Federal Government in an amendment to Finance Bill 2006 has restored the tax exemption on the income of mutual funds. This decision accepts that without the 'pass through' concept there can be no even playing field in the capital market. Companies pay
Published 29 Jun, 2006 12:00am
Stop this wastage

Stop this wastage

The Additional Chief Secretary of Sindh government's Planning and Development Department, Ghulam Sarwar Kherro, made the disquieting disclosure in a radio interview on Sunday that procedural delays in launching of certain development projects in the provi
Published 29 Jun, 2006 12:00am
Japanese government bonds inch up

Japanese government bonds inch up

Japanese government bond (JGB) prices inched up on Wednesday, supported by a tumble in Japanese stock prices and by gains in US Treasuries, which snapped a nine-day losing streak in the previous session.
Published 29 Jun, 2006 12:00am
Japanese government bonds inch up

Japanese government bonds inch up

Japanese government bond (JGB) prices inched up on Wednesday, supported by a tumble in Japanese stock prices and by gains in US Treasuries, which snapped a nine-day losing streak in the previous session.
Published 29 Jun, 2006 12:00am
Insurance companies urged to come forward for social welfare

Insurance companies urged to come forward for social welfare

The insurance companies can play a vital role in the provision of the welfare measures for the common man. The government initiative and efforts at improving the lot of poor people can only succeed if the government and insurance companies go hand in hand
Published 29 Jun, 2006 12:00am
Customs association meeting in July

Customs association meeting in July

Pakistan Customs Appraisement Officers' Association is going to announce its elections after the general body meeting to be held in July. In a statement issued here on Wednesday says that a meeting of Customs officers association was held and it was decid
Published 29 Jun, 2006 12:00am
IBP website receives record hits

IBP website receives record hits

Institute of Bankers Pakistan (IBP) website with update information on various aspects of traditional banking, economics, Islamic banking, Basel II, UCP-500 and other knowledge endeavours set all time high record of over one million hits during current mo
Published 29 Jun, 2006 12:00am
British Airways offers special fares to UK cities

British Airways offers special fares to UK cities

The British Airways extends World Traveller special fares to London and other British destinations at the price of Rs 30,000 plus applicable taxes. These fares to London, Aberdeen, Edinburgh, Glasgow, Manchester and Newcastle, can now be purchased until A
Published 29 Jun, 2006 12:00am
Shifting of mills machinery banned

Shifting of mills machinery banned

The Nowshera District Nazim, under section 144 Cr.P.C has banned sale/transfer/transportation/shifting and disposal of machinery from the defunct Adamjee Paper and Board Mills, Amangarh, near Nowshera.
Published 29 Jun, 2006 12:00am
CNG dealers hail government decision

CNG dealers hail government decision

Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association and CNG Dealers Association in his statement expressed his gratitude to the government for accepting their demand of reduction in number of NOCs from 16 to 5.
Published 29 Jun, 2006 12:00am
Children reunited by Motorway police

Children reunited by Motorway police

National Highways & Motorway Police has reunited five children with their parents who were lost during travelling. According to details, Motorway Police recovered five children from different locations of the country.
Published 29 Jun, 2006 12:00am
UBL and NBP ratings reaffirmed: Picic Insurance upgraded

UBL and NBP ratings reaffirmed: Picic Insurance upgraded

JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of United Bank Limited (UBL) to AA/ A-1+ (Double A/ A-One Plus). The ratings of unsecured, subordinated TFC-1 and TFC-2 and have also been reaffirmed at AA- (Double A Minus).
Published 29 Jun, 2006 12:00am
UBL and NBP ratings reaffirmed: Picic Insurance upgraded

UBL and NBP ratings reaffirmed: Picic Insurance upgraded

JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of United Bank Limited (UBL) to AA/ A-1+ (Double A/ A-One Plus). The ratings of unsecured, subordinated TFC-1 and TFC-2 and have also been reaffirmed at AA- (Double A Minus).
Published 29 Jun, 2006 12:00am
Capital raise to give more depth to ABG growth

Capital raise to give more depth to ABG growth

The greatest initial public offering (IPO) in the Middle East announced by Bahrain-based Albaraka Banking Group (ABG) has fetched 100 percent capital earmarked by the bank at this stage of fund-raising.
Published 29 Jun, 2006 12:00am
Capital raise to give more depth to ABG growth

Capital raise to give more depth to ABG growth

The greatest initial public offering (IPO) in the Middle East announced by Bahrain-based Albaraka Banking Group (ABG) has fetched 100 percent capital earmarked by the bank at this stage of fund-raising.
Published 29 Jun, 2006 12:00am
Seminar on Islamic banking held

Seminar on Islamic banking held

Interest-Free Modern Banking is flourishing throughout the world even in the Western countries, as need of the time. These views were expressed by the speakers while speaking at a seminar on Islamic Banking jointly organised by the Professional Institute
Published 29 Jun, 2006 12:00am
Heated debate continues on CDGK budget

Heated debate continues on CDGK budget

A heated debate on the budget continued for the third consecutive day between the treasury and opposition members here at the city district council hall on Wednesday. City Naib Nazim Nasreen Jalil presided over the city council post-budget session to resu
Published 29 Jun, 2006 12:00am
Dhabeji pipeline repaired

Dhabeji pipeline repaired

The Karachi Water and Sewerage Board (KW&SB) on Wednesday completed repair work of the ruptured 72-inch diameter central water pipeline near Dhabeji. A KWSB spokesman said that after the repair supply of water to the city was resumed.
Published 29 Jun, 2006 12:00am
44 percent of unbranded food samples from schools found unfit

44 percent of unbranded food samples from schools found unfit

About 44 percent of unbranded food samples collected from various schools or educational institutions were found unfit for human consumption while not a single branded food product was found pathogen. It was also important to note that exporting items rel
Published 29 Jun, 2006 12:00am
FBISE announces SSC exam results

FBISE announces SSC exam results

The Federal Board of Intermediate and Secondary Education (FBISE) on Wednesday announced results of Secondary School Certificate (SSC) annual examination, 2006, with a pass percentage of 83.40. Of the total 48,058 students who appeared in the annual exami
Published 29 Jun, 2006 12:00am
Rs 495.577 million Potohar Town budget presented

Rs 495.577 million Potohar Town budget presented

Hamid Nawaz Raja, Nazim Potohar Town on Wednesday presented a surplus budget of Rs 495.577 million in the Town Assembly for the fiscal year 2006-07 of which a major chunk of Rs 396.22 million has been allocated for development.
Published 29 Jun, 2006 12:00am
Rs 495.577 million Potohar Town budget presented

Rs 495.577 million Potohar Town budget presented

Hamid Nawaz Raja, Nazim Potohar Town on Wednesday presented a surplus budget of Rs 495.577 million in the Town Assembly for the fiscal year 2006-07 of which a major chunk of Rs 396.22 million has been allocated for development.
Published 29 Jun, 2006 12:00am
PPP distances itself from MMA's anti-Musharraf campaign

PPP distances itself from MMA's anti-Musharraf campaign

Pakistan People's Party has distanced itself from all calls of protests and demonstrations which Muttaheda Majlis-i-Amal has so far given to begin its campaign against President General Pervez Musharraf's government.
Published 29 Jun, 2006 12:00am
Poland keen to expand trade ties with Pakistan: Consul General

Poland keen to expand trade ties with Pakistan: Consul General

Poland is keen to expand trade and economic ties with Pakistan, and to cooperate in oil, gas, energy, infrastructure, maritime, engineering, food processing sectors as well as developing small and medium enterprises.
Published 29 Jun, 2006 12:00am
HEC, France helping students for higher studies

HEC, France helping students for higher studies

Since 2000, all 438 Pakistani students were admitted in different universities and colleges of France for higher studies on the financial support of Higher Education Commission and France.
Published 29 Jun, 2006 12:00am
MPs involvement in education policy stressed

MPs involvement in education policy stressed

Speakers at a policy dialogue on 'education and role of parliamentarians' on Wednesday stressed the need of Parliamentarians involvement in streamlining the education policy at the grass roots level.
Published 29 Jun, 2006 12:00am
'Drug addicts need attention not isolation'

'Drug addicts need attention not isolation'

Federal Railway Minister Sheikh Rashid Ahmed on Wednesday said that drug-addicts are part of the society, who need special attention not isolation. He was addressing a seminar "Say No to Drugs Yes to life," held here in connection with International Day a
Published 29 Jun, 2006 12:00am
National Assembly body recommends concessions for senior citizens

National Assembly body recommends concessions for senior citizens

The National Assembly Standing Committee on Social Welfare and Special Education has recommended special concession in fares to the senior citizens in Pakistan International Airways (PIA) and Railways along with setting up separate counters for them at di
Published 29 Jun, 2006 12:00am
AJK Excise department achieves tax target

AJK Excise department achieves tax target

The AJK Excise & Sales Tax, Department has successfully achieved Rs 694 million target of realisation of taxes with an additional increase of Rs 89.287 million fixed for the current financial year of 2005-06 by realising a total of Rs 725.454 million till
Published 29 Jun, 2006 12:00am
PML-N sets up protest camp against price hike

PML-N sets up protest camp against price hike

Pakistan Muslim League (Nawaz) on Wednesday established a protest camp at Chowk Kutchery and staged protest demonstrations, meetings and seminars in Punjab on Wednesday at district level against price hike, lawlessness and unemployment.
Published 29 Jun, 2006 12:00am
APTPMA concerned over caustic soda price hike

APTPMA concerned over caustic soda price hike

All Pakistan Textile Processing Mills Association (APTPMA) has termed increase in the prices of locally manufactured caustic soda as gross contravention of norms of monopoly and cartels.
Published 29 Jun, 2006 12:00am
No compromise with terrorists: Awais

No compromise with terrorists: Awais

Governor Balochistan, Awais Ahmed Ghani on Wednesday categorically declared that the government would not come into terms with those who have adopted violence and are involved in terrorism.
Published 29 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 29 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 29 Jun, 2006 12:00am
Four killed as bus turns turtle

Four killed as bus turns turtle

At least four devotees of Pir Sahib Golra Sharif died on the spot and another 30 injured when a bus packed with 50 passengers coming from Muzaffargarh turned turtle at Kallar Kahar are on Wednesday. Their bodies reached here in afternoon for burial.
Published 29 Jun, 2006 12:00am
Fire destroy electronic shop

Fire destroy electronic shop

Electronic Goods worth of Rs 15 million were destroyed when a fire broke out in populated area at Electronic Market Bhawana Bazar late on Wednesday night. Fire-fighters were able to control the flames after four hours of toiling. The cause of the fire was
Published 29 Jun, 2006 12:00am
Dearness allowance won't be treated as emoluments

Dearness allowance won't be treated as emoluments

The Federal government has announced the grant of dearness allowance at 15 percent of the basic pay from July 1, which will not be treated as part of emoluments for the purpose of calculation of pension/gratuity and recovery of house rent.
Published 29 Jun, 2006 12:00am
BZU vice chancellor summoned

BZU vice chancellor summoned

A civil court headed by a female judge has summoned the Bahauddin Zakaria University vice chancellor for recovery of defaulted amount of Rs 164,000 that was payable to a catering company for serving food in university's 6th convocation, court sources said
Published 29 Jun, 2006 12:00am
Death sentence awarded

Death sentence awarded

Additional District and Sessions Judge Syed Najam-ul-Hassan Bukhari has awarded death sentence to an accused involved in a murder case of Saddar Police Station.
Published 29 Jun, 2006 12:00am
'Rs 20 billion earmarked for southern Punjab'

'Rs 20 billion earmarked for southern Punjab'

Punjab Chief Minister's Adviser Hafiz Iqbal Khakwani has said that present regime was paying proper attention towards the Southern Punjab and it had approved development projects of Rs 20 billion for this backward and less developed area to bring it at pa
Published 29 Jun, 2006 12:00am
Judicial biases against women deplored

Judicial biases against women deplored

Experts and researchers at a workshop have asked the Multan city district government to must ensure elimination of judicial bias against women and all judges were advised to undertake training to eliminate gender bias in their approach while handling case
Published 29 Jun, 2006 12:00am
Rs 5,498.8 million allocated for S&T sector

Rs 5,498.8 million allocated for S&T sector

In the next financial year (2006-07), an amount of Rs 5498.8 million has been allocated for Science & Technology Sector, which includes Rs 4431.2 million for Ministry of Science & Technology, Rs 646.1 million for Pakistan Atomic Energy Commission, Rs 375
Published 29 Jun, 2006 12:00am
Four killed in car accident

Four killed in car accident

Four members of a family were killed on the spot, when their car was collided and overturned near Syedwala, here on Tuesday evening. According to a detail, a leader of a Suni Tehrike Baseerpur, Hafiz Atta Muhammad Qadri along with a relative his wife and
Published 29 Jun, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (June 28, 2006) and the forecast for Thursday (June 29, 2006).
Published 29 Jun, 2006 12:00am
Power outages irk Karachiites

Power outages irk Karachiites

The widespread power breakdown in the city has triggered a serious law and order condition in various parts of the city, as enraged citizens attack the Karachi Electric Supply Corporation (KESC) stations and customer centres.
Published 29 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 29 Jun, 2006 12:00am
PTV managing director leaves for Paris

PTV managing director leaves for Paris

Managing Director, Pakistan Television, Ashraf Azim has left for Paris to attend the Media Conference of developed countries. The latest trends of the TV production would be discussed in the Conference, says a press release issued on Wednesday.
Published 29 Jun, 2006 12:00am
New York cotton

New York cotton

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

Published 29 Jun, 2006 12:00am
Vitality of purification system stressed

Vitality of purification system stressed

The speakers at a seminar on Wednesday advocated for water purification system along with its frequent maintenance to overcome the increasing waterborne diseases. The seminar on "Pure Drinking Water for All" was organised by KK Power International (Privat
Published 29 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 28, 2006).

Published 29 Jun, 2006 12:00am
WWF-P lauds Supreme Court action over cutting of trees

WWF-P lauds Supreme Court action over cutting of trees

World Wide Funds for Nature-Pakistan (WWF-P) hails the suo motu action taken by the Supreme Court (SC) of Pakistan on cutting of the trees on both side of the canal for widening of the road.
Published 29 Jun, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 28, 2006).

Published 29 Jun, 2006 12:00am
Deployment of troops at Afghan border slammed

Deployment of troops at Afghan border slammed

Jamatud Dawa Lawyers Wing Amir Colonel Nazir Ahmed (Retd) has criticised the government decision pertaining to increasing force strength at Afghan border under American pressure.
Published 29 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 29 Jun, 2006 12:00am
PVTC's pilot project to start capital intensive trade

PVTC's pilot project to start capital intensive trade

Punjab Vocational Training Council (PVTC) is shortly introducing a pilot project to start capital intensive trade in three of its vocational training institutes in the provincial network.
Published 29 Jun, 2006 12:00am
'Power breakdowns hurting exports'

'Power breakdowns hurting exports'

Local industrialists, exporters, manufacturers, and traders have strongly reacted on the frequent loadshedding in southern Punjab in general and in Multan in particular which has upset export consignments targeted to be shipped before the end of the curre
Published 29 Jun, 2006 12:00am
Relaxation in shops closure time lauded

Relaxation in shops closure time lauded

Traders and shopkeepers have thanked Chief Minister Arbab Ghulam Rahim and the Sindh government on the decision to relax closing time of shops upto 9.00 pm where the shops are lighted by KESC and with no limit for closing hours in respect of markets, whic
Published 29 Jun, 2006 12:00am
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