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Print - 2006-07-08
Australian accountant eyes own gold in Brazil

Australian accountant eyes own gold in Brazil

After decades counting his clients' gold nuggets, Australian accountant John Langford wants to dig up some for himself. But rather than pan the well-explored outback deposits near his home in far-western Australia, Langford, chief executive of Mundo Miner
Published 08 Jul, 2006 12:00am
Nickel hits record high

Nickel hits record high

Nickel hit a record high in London on Friday, while copper edged lower by the close of trade but may challenge recent peaks in the next two weeks, analysts said.
Published 08 Jul, 2006 12:00am
European gold prices choppy after US data

European gold prices choppy after US data

Gold chopped back and forth on Friday after news that US jobs growth in June was more sluggish than expected, with prices initially rising 1 percent before profit-taking pared the gains.
Published 08 Jul, 2006 12:00am
'WPS committed to women councillors' grooming'

'WPS committed to women councillors' grooming'

Among other projects of the Ministry of Women Development, Women's Political School (WPS) is being widely appreciated for its crucial role to groom women councillors for assuming the role of leadership as public leaders and educate them about their legal
Published 08 Jul, 2006 12:00am
'Legal requirements not fulfilled in CCI formation'

'Legal requirements not fulfilled in CCI formation'

Prominent lawyer and Constitution expert Mujeeb Pirzada has said that legal requirements were not fulfilled in the formation of Council of Common Interest (CCI). He said this in an interview with a private TV channel.
Published 08 Jul, 2006 12:00am
'Skilled persons to improve quality of products'

'Skilled persons to improve quality of products'

Chairman, Task Force for Industry, Mian Muhammad Riaz has said the induction of trained and semi-skilled persons in industrial sector will not only help bring down the graph of unemployment but also support in improving the quality of products and enhanci
Published 08 Jul, 2006 12:00am
Water level increasing in Tarbela dam

Water level increasing in Tarbela dam

The Spokesman of Tarbela Dam Muhammad Zarif Khan said that inflow of water in the reservoir is on increase and the water level in the dam is increasing daily by one to two feet. Muhammad Zarif Khan told APP here on Friday that due to recent heat spell the
Published 08 Jul, 2006 12:00am
Quetta airport

Quetta airport

With Gwadar rapidly developing and the railway and road network between Gwadar and rest of the country in full swing the importance of Quetta has enhanced by manifold. Already a large number of development projects are going on in Balochistan, the number
Published 08 Jul, 2006 12:00am
Liberal visa policy

Liberal visa policy

The government has announced a new liberalised visa policy. My question to the government is that, have you read your policy? Why is it that our bureaucracy is bent upon making rules so complicated that it become impossible for the people to follow and op
Published 08 Jul, 2006 12:00am
Counterfeits: endangering lives of people

Counterfeits: endangering lives of people

Brand names have become a way of life with the elite, and especially college and school children vie each other to get the latest in designer wear and designer equipment, be it a cap from a leading manufacturer, or a MP3 player. Just the logo is enough to
Published 08 Jul, 2006 12:00am
Was privatisation of Steel Mills a prudent policy?

Was privatisation of Steel Mills a prudent policy?

Amid government's claims that Pakistan Steel Mills privatisation was made in a transparent manner, the highest judicial authority, the Supreme Court, has since set aside the deal. The court has also ordered that the Council of Common Interest (CCI) be rea
Published 08 Jul, 2006 12:00am
Food security programme

Food security programme

The Ministry of Food, Agriculture and Livestock is trying to work out modalities of a comprehensive food security programme, in consultation with the Planning Commission, to enhance Pakistan's agricultural yield, which is at present one of the lowest in t
Published 08 Jul, 2006 12:00am
Clear this mess!

Clear this mess!

While hearing a complaint from a Faisalabad citizen on Tuesday regarding the state of education, a Supreme Court bench, presided over by Chief Justice Iftikhar Mohammad Chaudhary, observed that the country's education system is in a complete mess.
Published 08 Jul, 2006 12:00am
PIA board of directors meeting held

PIA board of directors meeting held

PIA Board of Directors in its 296th meeting held on July 7, endorsed various actions initiated by the Management to pursue its vision and mission to make PIA a world class airline.
Published 08 Jul, 2006 12:00am
NBP to open branches in Saudi Arabia, India soon

NBP to open branches in Saudi Arabia, India soon

The National Bank of Pakistan (NBP) is a premier financial institution offering vide range of products for all categories of customers and economy through its large network across the country.
Published 08 Jul, 2006 12:00am
Six stadiums to be constructed: Kamal

Six stadiums to be constructed: Kamal

City District Government will construct six stadiums in various parts of the city at an estimated cost of Rs 580 million and work thereon will start from July 8th when Nazim Karachi Mustafa Kamal will lay the foundation stone of first stadium in sector 11
Published 08 Jul, 2006 12:00am
Giga Pakistan to invest in housing projects

Giga Pakistan to invest in housing projects

Al-Ghurair Giga Pakistan will invest more than 10 million dollars in various housing and commercial projects including supermarket chain and a five-star hotel in Pakistan in near future.
Published 08 Jul, 2006 12:00am
741 katchi abadis regularised

741 katchi abadis regularised

As many as 741 Katchi Abadis out of 825 in Punjab have been regularised and 82769 families have been granted propriety rights whereas process has been started to give ownership rights to 127094 remaining families during the current year.
Published 08 Jul, 2006 12:00am
ARD to hold APC in August

ARD to hold APC in August

The Alliance for Restoration of Democracy (ARD) in order to start decisive campaign against government would hold an All Parties Conference (APC) in the month of August. This was revealed by Nawabzada Mansur Ahmad Khan, Senior Vice President of ARD here o
Published 08 Jul, 2006 12:00am
Reconstituted CCI not a representative body: Taj Haider

Reconstituted CCI not a representative body: Taj Haider

A central leader of PPP-P Taj Haider has said that the reconstituted Council of Common Interest (CCI) is not a representative body. Speaking to a private TV channel he said that the Supreme Court had ordered its reconstitution and General Pervez Musharraf
Published 08 Jul, 2006 12:00am
Honda starts production in Sheikhupura plant

Honda starts production in Sheikhupura plant

Atlas Honda Ltd (AHL), a motorcycle production and sales joint venture in Pakistan between Honda and the Atlas Group, on Friday announced commencement of production at its new motorcycle plant in Sheikhupura. Takeo Fukui president of Honda Motor Co, Ltd a
Published 08 Jul, 2006 12:00am
Decision upheld

Decision upheld

The Lahore High Court (LHC) upheld the decision of special court for suppression of terrorist activities, awarding capital punishment to eight persons Muhammad Ayaz and others of Raja Jhang.
Published 08 Jul, 2006 12:00am
Hearing adjourned

Hearing adjourned

An accountability court on Friday adjourned till July 21, the proceedings in a reference against former federal minister Jehangir Badr, as his counsel failed to appear before the court. The accused was facing the charge of corruption and making illegal as
Published 08 Jul, 2006 12:00am
SHC continues interim stay on cutting mangroves

SHC continues interim stay on cutting mangroves

Sindh High Court on Friday continuing interim stay restrained contractor from cutting mangroves for reclaiming land from sea, selling and purchasing of land in the surroundings of Younusabad, near Hawksbay Keamari Town and directed Nazir to inspect the si
Published 08 Jul, 2006 12:00am
22,656 adult literacy centres set up in Punjab

22,656 adult literacy centres set up in Punjab

Literacy and Non-Formal Education minister of Punjab Hussain Jahnian Gardezi said that as many as 22,656 adult literacy centers have been established during the last four years in the province.
Published 08 Jul, 2006 12:00am
Construction of bridge over River Ravi approved

Construction of bridge over River Ravi approved

Planning and Development Board Punjab, has approved a revised scheme of construction of bridge over River Ravi at Syedwala Pattan, district Okara, sanctioning Rs 675.132 million to prepare its feasibility report.
Published 08 Jul, 2006 12:00am
Bid to smuggle narcotics foiled; three arrested

Bid to smuggle narcotics foiled; three arrested

Customs Intelligence personnel seized huge haul of narcotics, 525 kilograms of hashish and 43-kg opium from truck on GT Road and arrested three alleged drug pushers here on Friday.
Published 08 Jul, 2006 12:00am
Globeleq purchases share of Kabirwala power plant

Globeleq purchases share of Kabirwala power plant

Globeleq, the emerging markets power company, announced on Friday that it had completed the purchase of a substantial interest in Fauji Kabirwala, a 157 megawatt (MW) natural gas-fired base-load plant.
Published 08 Jul, 2006 12:00am
Canadian Prime Minister to visit Pakistan

Canadian Prime Minister to visit Pakistan

Canadian Prime Minister Dalton McGuinty would lead 11-day trade trip to Pakistan in January 2007. Canadian Prime Minister Dalton McGuinty on Friday announced that his visit to Pakistan would boost trade and investment, Canadian Press reported while quotin
Published 08 Jul, 2006 12:00am
Large scope for trade, investment with India: SBP study

Large scope for trade, investment with India: SBP study

According to a State Bank study, there is large scope for trade and investment between Pakistan and India. This is the gist of a 76-page SBP report titled 'Implications of Liberalising Trade and Investment with India'.
Published 08 Jul, 2006 12:00am
Increase in working hours resented

Increase in working hours resented

Activists of Mazdoor Action Committee (MAC) staged a demonstration here on Friday, to protest the government decision, increasing the working hours from 8 to 12 hours. Addressing the demonstrators, Secretary General All Pakistan Trade Unions, Chaudhry Gul
Published 08 Jul, 2006 12:00am
Sessi approves Rs 1015.063 million budget

Sessi approves Rs 1015.063 million budget

Governing Body of Sindh Employees Social Security Institution (Sessi) on Friday approved its Rs 1015.063 million budget for 2006-07 showing a surplus of Rs 66.241 million.
Published 08 Jul, 2006 12:00am
Sessi approves Rs 1015.063 million budget

Sessi approves Rs 1015.063 million budget

Governing Body of Sindh Employees Social Security Institution (Sessi) on Friday approved its Rs 1015.063 million budget for 2006-07 showing a surplus of Rs 66.241 million.
Published 08 Jul, 2006 12:00am
Al Meezan Investments funds get 5-star ratings

Al Meezan Investments funds get 5-star ratings

A Meezan Investment Management Ltd (Al Meezan Investments) has become the first asset management company, whose all funds have been rated five-star for their superior performance.
Published 08 Jul, 2006 12:00am
Al Meezan Investments funds get 5-star ratings

Al Meezan Investments funds get 5-star ratings

A Meezan Investment Management Ltd (Al Meezan Investments) has become the first asset management company, whose all funds have been rated five-star for their superior performance.
Published 08 Jul, 2006 12:00am
Body formed

Body formed

Sindh Health Minister, Shabbir Ahmed Qaimkhani here on Friday constituted a committee to probe into the alleged retrieval of kidney from a citizen at a private hospital in Karachi. The committee comprising Surgeon Humayun Zafar, Urologist Ayesha Tahir and
Published 08 Jul, 2006 12:00am
Sindh chief secretary expresses inability to stop rampant corruption

Sindh chief secretary expresses inability to stop rampant corruption

Sindh Chief Secretary Fazlur Rehman has expressed inability to check the rampant corruption prevailing in the public-dealing departments, and has asked the Anti-Corruption Department to move cautiously in registering cases against corrupt officials.
Published 08 Jul, 2006 12:00am
Kamal for start of work on six mass transit corridors

Kamal for start of work on six mass transit corridors

City Nazim, Syed Mustafa Kamal has said that Karachi has many mass transit corridors, but there is need to start immediate work on six corridors. At present Karachi is faced with grave transport problems and only solution to get rid from them lay in mass
Published 08 Jul, 2006 12:00am
'Storm-water drains cleaning to be completed by year-end'

'Storm-water drains cleaning to be completed by year-end'

The Managing Director (MD) Karachi Water and Sewerage Board (KWSB) Brigadier Iftikhar Haider has said the cleaning of storm-water drains would be completed by December this year. Addressing a press conference here at the KWSB on Friday, he said a thorough
Published 08 Jul, 2006 12:00am
Small traders demand cancellation of KESC sell-off

Small traders demand cancellation of KESC sell-off

The All Pakistan Organisation of Small Traders and Cottage Industries (APOSTC), Karachi Chapter, has demanded cancellation of the privatisation of Karachi Electric Supply Corporation (KESC), and warned that if the loadshedding persisted in the city they w
Published 08 Jul, 2006 12:00am
SME policy likely to be announced next week

SME policy likely to be announced next week

The first ever small and medium enterprises (SME) policy is most likely to be announced officially some time next week, a highly placed official source told Business Recorder here on Friday. Prime Minister Shaukat Aziz has already approved the poli
Published 08 Jul, 2006 12:00am
MMA condemns frequent power failures, price hike

MMA condemns frequent power failures, price hike

The load shedding in Karachi touched unprecedented heights after the privatisation of KESC and it was a curse for Karachiites, said Muttahida Majlis-i-Amal (MMA) leaders while addressing various demos against power failure, water crisis and rise in gas pr
Published 08 Jul, 2006 12:00am
CDGK demands control over entire city affairs

CDGK demands control over entire city affairs

Naib City Nazim Nasreen Jalil has said that 100 percent area of the city should be under the City District Government Karachi (CDGK) so that the development work should be run with a proper plan.
Published 08 Jul, 2006 12:00am
Supernet gets recognition award from SingTel

Supernet gets recognition award from SingTel

SingTel Singapore - Asia's leading communication group has accorded Supernet Limited, the largest data corporate network operator in Pakistan, "Recognition of Strategic Partnership 2006" Award. The award comes as an acknowledgement of the existing relatio
Published 08 Jul, 2006 12:00am
ASOCIO members keen to invest in software industry

ASOCIO members keen to invest in software industry

Delegates from India, Nepal, Australia, Thailand, Hong Kong, Japan, Korea, Malaysia, and Singapore were part of the Asian-Oceanian Computing Industry Organisation (ASOCIO) delegation that visited Pakistan at a Dinner Boat Cruise, hosted by Systems Limited
Published 08 Jul, 2006 12:00am
Benazir demands probe against intelligence officials

Benazir demands probe against intelligence officials

Former prime minister and Pakistan Peoples Party Chairperson Benazir Bhutto has expressed grave concern over the roughing up of a former army officer and his family by a serving military officer using the clout and muscle of an intelligence agency over a
Published 08 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Friday (July 07, 2006) and the forecast for Saturday (July 08, 2006).
Published 08 Jul, 2006 12:00am
Self-Defence Day of Japan celebrated

Self-Defence Day of Japan celebrated

Ambassador of Japan to Pakistan, Seiji Kojima and Mrs Tami Kojima hosted a reception on Friday to celebrate the 52nd anniversary of Japan Self-Defence Force Day. Rao Sikandar Iqbal, Senior Federal Minister and Minister for Defence, was the chief guest. Co
Published 08 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 08 Jul, 2006 12:00am
General Ehsan to visit UK

General Ehsan to visit UK

The forthcoming visits of Vice Chief of Army Staff Lieutenant General Ehsan Saleem Hayat and Chief of Naval Staff Admiral Mohammad Afzal Tahir to Britain this month would help further deepen and strengthen defence relations between the two countries, said
Published 08 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 08 Jul, 2006 12:00am
$381 million Pakistani export to China in five months

$381 million Pakistani export to China in five months

Pakistan's export to China registered 27 percent growth in the first five months this year, making considerable headway in overall economic interaction between the two countries, according to the Chinese Customs Authorities.
Published 08 Jul, 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 08 Jul, 2006 12:00am
Women parliamentarians hail issuance of ordinance

Women parliamentarians hail issuance of ordinance

Women parliamentarians on Friday acclaimed issuing of an Ordinance by President Pervez Musharraf that facilitates release of women detained on various charges, describing it as a far-reaching step towards protection of rights of half of the country's popu
Published 08 Jul, 2006 12:00am
Cut in agriculture support in West benefits Pakistan

Cut in agriculture support in West benefits Pakistan

Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Khan Bosan on Friday said that reduction in agricultural support and protection by governments in the developed world is expected to benefit Pakistan's farmers through higher and more sta
Published 08 Jul, 2006 12:00am
'F-16s to be received in two years'

'F-16s to be received in two years'

Pakistan's Ambassador in United States Mehmood Durrani on Friday said that Pakistan would start receiving US F-16 fighter jets delivery within next two years. In an interview with private TV channel after presenting his credentials to US President George
Published 08 Jul, 2006 12:00am
Parliamentarians briefed on strategic assets, security

Parliamentarians briefed on strategic assets, security

A briefing was held at the Strategic Plans Division (SPD), Joint Staff Headquarters, for members of Parliament belonging to the National Assembly's Defence, Foreign Affairs and Defence Production Committees, as well as the Senate Committees on Defence and
Published 08 Jul, 2006 12:00am
Parliamentarians briefed on strategic assets, security

Parliamentarians briefed on strategic assets, security

A briefing was held at the Strategic Plans Division (SPD), Joint Staff Headquarters, for members of Parliament belonging to the National Assembly's Defence, Foreign Affairs and Defence Production Committees, as well as the Senate Committees on Defence and
Published 08 Jul, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Islamabad, Tokyo reaffirm commitment to non-proliferation

Islamabad, Tokyo reaffirm commitment to non-proliferation

Pakistan-Japan senior expert-level talks on disarmament and non-proliferation issues were held in Tokyo in a cordial atmosphere on Friday and both sides reaffirmed their commitment to non-proliferation and work as partners in this regard.
Published 08 Jul, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (July 07, 2006) and for Saturday (July 08, 2006).
Published 08 Jul, 2006 12:00am
Cabinet meeting on July 12

Cabinet meeting on July 12

Prime Minister Shaukat Aziz has convened cabinet meeting on July 12 to discuss different national issues. The Cabinet Division on Friday issued notice to all ministries that Cabinet meeting would be held on Wednesday, but gave no formal agenda for the mee
Published 08 Jul, 2006 12:00am
Ordinance promulgated

Ordinance promulgated

President General Pervez Musharraf on Friday promulgated the Code of Criminal Procedure (Amendment) Ordinance, 2006, further amending the Code of Criminal Procedure 1896 (Act V of 1898). The Ordinance, which may be called the Code of Criminal Procedure (A
Published 08 Jul, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Ordinance promulgated

Ordinance promulgated

President General Pervez Musharraf on Friday promulgated the Code of Criminal Procedure (Amendment) Ordinance, 2006, further amending the Code of Criminal Procedure 1896 (Act V of 1898). The Ordinance, which may be called the Code of Criminal Procedure (A
Published 08 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Pro-Musharraf parties to win polls: Sherpao

Pro-Musharraf parties to win polls: Sherpao

Federal Interior Minister Aftab Ahmed Khan Sherpao said on Friday that the political parties backing the policies of President General Pervez Musharraf will achieve thumping majority in the upcoming general elections.
Published 08 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
President urges senior officials to implement government policies

President urges senior officials to implement government policies

President General Pervez Musharraf on Friday called upon senior civil servants to strive for efficient implementation of the policies formulated for improvement in the lives of the common man. He was addressing participants of the 64th National Management
Published 08 Jul, 2006 12:00am
PAC workshop from July 12

PAC workshop from July 12

The Public Accounts Committee (PAC) of the National Assembly with the assistance of the World Bank (WB) will organise a workshop here from July 12-13. As a capacity building measure for the members of the federal and provincial PACs, the workshop is aimed
Published 08 Jul, 2006 12:00am
THE RUPEE: eight paisa fall against dollar

THE RUPEE: eight paisa fall against dollar

Bearish sentiment resurfaced in the open market on Friday as the rupee dropped eight paisa in a single day versus the dollar for buying and selling at 60.58 and 60.63, dealers said.
Published 08 Jul, 2006 12:00am
370 in run for AJK assembly polls

370 in run for AJK assembly polls

A total of 370 candidates are in the run to contest the scheduled July 11 elections to 41-seat Azad Jammu Kashmir Legislative Assembly which include 29 meant for AJK and 12 for occupied Jammu Kashmir refugees dwelling in various parts of Pakistan, officia
Published 08 Jul, 2006 12:00am
THE RUPEE: eight paisa fall against dollar

THE RUPEE: eight paisa fall against dollar

Bearish sentiment resurfaced in the open market on Friday as the rupee dropped eight paisa in a single day versus the dollar for buying and selling at 60.58 and 60.63, dealers said.
Published 08 Jul, 2006 12:00am
Durrani denies 'videotape' prepared in Pakistan

Durrani denies 'videotape' prepared in Pakistan

Pakistan has denied any links with people involved in the last year London suicide bombing. Information minister Muhammad Ali Durrani dispelled the impression that a videotape of a suicide bomber, Tanveer Shahzad, might have been prepared in Pakistan.
Published 08 Jul, 2006 12:00am
NGO flays increase in working hours

NGO flays increase in working hours

The civil society organisations have expressed concern over the government's decision to increase working hours from 8 to 10 hours.
Published 08 Jul, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Sindh chief minister's spokesman clarifies

Sindh chief minister's spokesman clarifies

A spokesman to Sindh Chief Minister has contradicted a news item appeared in a section of press that Dr Arbab Ghulam Rahim, who is also Sindh PML president, has recommended replacement of Nadir Akmal Leghari with Senator Abdul Ghaffar Qureshi as provincia
Published 08 Jul, 2006 12:00am
PTCL copper network distortions hit ISPs working

PTCL copper network distortions hit ISPs working

President Internet Service Providers Association (ISPAK), Ansar-ul-Haq has said distortions in the PTCL copper network resulted in the underperformance of Internet Service Providers (ISPs), as the efficiency of service primarily depended upon these lines.
Published 08 Jul, 2006 12:00am
Vigilance groups

Vigilance groups

In several localities of Saddar, young men have organised their own vigilance groups for the protection of locals from any mobile snatchers. A couple of such youth, who wished not to be named, told this scribe that they have formed a vigilance group to pr
Published 08 Jul, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Jul, 2006 12:00am
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