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Print - 2006-07-08
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
After China, auto makers head to low-cost India

After China, auto makers head to low-cost India

India is becoming key to the growth plans of global auto makers as its emerging market and low-cost manufacturing base offer an alternative to rival China. Japan's Suzuki Motor Corp said this week it would build a new compact car in India for Nissan Motor
Published 08 Jul, 2006 12:00am
Ecuador replaces economy minister

Ecuador replaces economy minister

Ecuadorean President Alfredo Palacio reshuffled his Cabinet on Friday and replaced Economy Minister Diego Borja, who angered the United States with his staunch support for a windfall tax on oil companies.
Published 08 Jul, 2006 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Hewlett-Packard to merge or close sites

Hewlett-Packard to merge or close sites

Hewlett-Packard Co, the world's second-largest personal computer maker, said on Thursday it would shrink its real estate portfolio, adding to savings from a 10 percent staff cut announced a year ago.
Published 08 Jul, 2006 12:00am
Sindh, Balochistan rice millers call for strike

Sindh, Balochistan rice millers call for strike

Sindh Balochistan Rice Millers and Traders Association has announced a two-day strike against lawlessness and shortage of irrigation water in Sindh. In a press conference held in the office of the association President Association, Qamar-u-Din Shaikh and
Published 08 Jul, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 07, 2006).
Published 08 Jul, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Boy drowns

Boy drowns

A 12-year-old boy drowned here on Friday at Rawal Dam, while taking a bath, police spokesman said. He was identified as Muhammad Yasir.
Published 08 Jul, 2006 12:00am
FST not to deal with 11,270 cases of corporation employees

FST not to deal with 11,270 cases of corporation employees

The pending cases of 11,270 employees of different government-controlled corporations stand abated in the Federal Services Tribunal (FST), which are not protected or covered by the judgement of the Supreme Court of June 27, 2006, FST sources told Busin
Published 08 Jul, 2006 12:00am
Irsa increases water for Punjab and Sindh

Irsa increases water for Punjab and Sindh

The Indus River System Authority (Irsa) on Friday increased water share of Sindh and Punjab by 8,000 and 4,000 cusecs, respectively, but it is still short of their indents. "We have increased shares of Sindh and Punjab, which would be enough to meet their
Published 08 Jul, 2006 12:00am
SBP sells Rs 4,700 million treasury bills

SBP sells Rs 4,700 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 4,700 million of Treasury bills on Friday in a three-day repo operation at 7.70 percent to mop up funds from the money market.
Published 08 Jul, 2006 12:00am
SBP sells Rs 4,700 million treasury bills

SBP sells Rs 4,700 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 4,700 million of Treasury bills on Friday in a three-day repo operation at 7.70 percent to mop up funds from the money market.
Published 08 Jul, 2006 12:00am
SBP sells Rs 4,700 million treasury bills

SBP sells Rs 4,700 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 4,700 million of Treasury bills on Friday in a three-day repo operation at 7.70 percent to mop up funds from the money market.
Published 08 Jul, 2006 12:00am
SBP sells Rs 4,700 million treasury bills

SBP sells Rs 4,700 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 4,700 million of Treasury bills on Friday in a three-day repo operation at 7.70 percent to mop up funds from the money market.
Published 08 Jul, 2006 12:00am
Multi-pronged Smeda plan to modernise industrial sectors

Multi-pronged Smeda plan to modernise industrial sectors

Small and Medium Enterprise Development Authority (Smeda) has prepared a multi-pronged plan for the promotion and modernisation of different industrial sectors, said Smeda provincial chief Muhammad Alamgir Chaudhry.
Published 08 Jul, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
SPI registers 0.17 percent increase

SPI registers 0.17 percent increase

The Sensitive Price Indicator (SPI) for the week ended on July 6, 2006 for lowest income group up to Rs 3,000 has registered 0.17 percent increase over previous week. The SPI for the week under review in the above mentioned group was recorded at 144.17 as
Published 08 Jul, 2006 12:00am
SPI registers 0.17 percent increase

SPI registers 0.17 percent increase

The Sensitive Price Indicator (SPI) for the week ended on July 6, 2006 for lowest income group up to Rs 3,000 has registered 0.17 percent increase over previous week. The SPI for the week under review in the above mentioned group was recorded at 144.17 as
Published 08 Jul, 2006 12:00am
SPI registers 0.17 percent increase

SPI registers 0.17 percent increase

The Sensitive Price Indicator (SPI) for the week ended on July 6, 2006 for lowest income group up to Rs 3,000 has registered 0.17 percent increase over previous week. The SPI for the week under review in the above mentioned group was recorded at 144.17 as
Published 08 Jul, 2006 12:00am
Saarc finance ministers moot from July 10

Saarc finance ministers moot from July 10

A two-day Saarc countries' Finance Ministers conference has been scheduled here for July 10-11 to take-up important agenda items. These included setting-up of Saarc Development Fund (SDF) to support different programmes in the member countries to expedite
Published 08 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Saarc finance ministers moot from July 10

Saarc finance ministers moot from July 10

A two-day Saarc countries' Finance Ministers conference has been scheduled here for July 10-11 to take-up important agenda items. These included setting-up of Saarc Development Fund (SDF) to support different programmes in the member countries to expedite
Published 08 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Saarc finance ministers moot from July 10

Saarc finance ministers moot from July 10

A two-day Saarc countries'' Finance Ministers conference has been scheduled here for July 10-11 to take-up important agenda items. These included setting-up of Saarc Development Fund (SDF) to support different programmes in the member countries to expedit
Published 08 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
KPT to acquire four floating crafts

KPT to acquire four floating crafts

The Karachi Port Trust (KPT) has planned to induct four floating crafts in its ancillary fleet to further improve port operations and dredging work. The KPT needs two tugs for swift arrival and sailing while two self-propelled split type hopper barges as
Published 08 Jul, 2006 12:00am
KPT to acquire four floating crafts

KPT to acquire four floating crafts

The Karachi Port Trust (KPT) has planned to induct four floating crafts in its ancillary fleet to further improve port operations and dredging work. The KPT needs two tugs for swift arrival and sailing while two self-propelled split type hopper barges as
Published 08 Jul, 2006 12:00am
KPT to acquire four floating crafts

KPT to acquire four floating crafts

The Karachi Port Trust (KPT) has planned to induct four floating crafts in its ancillary fleet to further improve port operations and dredging work. The KPT needs two tugs for swift arrival and sailing while two self-propelled split type hopper barges as
Published 08 Jul, 2006 12:00am
Former Indian diplomat, US firm named in bodybag scam

Former Indian diplomat, US firm named in bodybag scam

Indian police charged on Friday a former military attache Arun Roye and a US-based firm over a scam involving inflated prices for bodybags at the height in 1999 of India and Pakistan tensions over Kashmir.
Published 08 Jul, 2006 12:00am
Former Indian diplomat, US firm named in bodybag scam

Former Indian diplomat, US firm named in bodybag scam

Indian police charged on Friday a former military attache Arun Roye and a US-based firm over a scam involving inflated prices for bodybags at the height in 1999 of India and Pakistan tensions over Kashmir.
Published 08 Jul, 2006 12:00am
Loans for livestock business soon: Bosan

Loans for livestock business soon: Bosan

Federal Minister for Agriculture, Food and Livestock Sikandar Hayat Bosan has said that the government is engaged in process of negotiations with the banks for providing loans on concessional rates for livestock business.
Published 08 Jul, 2006 12:00am
Cooperation in ports and maritime discussed with US

Cooperation in ports and maritime discussed with US

Ports and Shipping Minister Babar Khan Ghauri on Thursday held meetings with the US port authorities in Houston and discussed bilateral co-operation in the field of ports and maritime. The minister visited Houston Port Authority. Chairman Jim Edmonds and
Published 08 Jul, 2006 12:00am
Poultry Association praises government steps

Poultry Association praises government steps

Pakistan Poultry Association (PPA) has appreciated the measures taken by the government for the betterment of poultry sector in the fiscal year 2006-07. A PPA delegation, headed by its Chairman Raza Mehmood Khursand called on Minister for Food, Agricultur
Published 08 Jul, 2006 12:00am
Monetary policy on July 29

Monetary policy on July 29

The State Bank of Pakistan (SBP) will outline its monetary policy for the first six months of the fiscal year 2006-07 (July-June) on July 29, a bank spokesman said on Friday. "The board of directors of the central bank will meet in Karachi on July 29 to d
Published 08 Jul, 2006 12:00am
Supreme Court hosts reception for diplomats

Supreme Court hosts reception for diplomats

The Supreme Court of Pakistan hosted a reception for the diplomatic corps, here on Friday. Some 63 foreign diplomats including ambassadors, deputy chief missions, charge de affairs participated.
Published 08 Jul, 2006 12:00am
German NGO to set up ladies industrial homes in quake zone

German NGO to set up ladies industrial homes in quake zone

President "Children First" organisation Mrs Sylvia Eibl, has decided to construct 10 small units of ladies industrial homes in Mansehra and Balakot, the quake hit areas. She is also planning to build up a rehabilitation centre in Mansehra and deliver arti
Published 08 Jul, 2006 12:00am
Number of Pakistani students in US increased: Crocker

Number of Pakistani students in US increased: Crocker

US Ambassador to Pakistan Ryan C. Crocker on Friday said that issuance of student visas to Pakistanis has been almost 20 percent over the same period last year and number of Pakistani students in US has been increased.
Published 08 Jul, 2006 12:00am
US-funded 'Access' English program launched in Multan

US-funded 'Access' English program launched in Multan

The US Ambassador, Ryan C Crocker, has said that Pakistani soldiers have given precious sacrifices for the cause of peace and eliminating terrorism in the region. They are waging a crusade against those enemies who are playing with the lives of innocent p
Published 08 Jul, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Jul, 2006 12:00am
Wilson Chair for Pakistan set up in Texas University

Wilson Chair for Pakistan set up in Texas University

The University of Texas has announced establishment of Charlie Wilson Chair for Pakistan Studies, says an official announcement on Friday. On the occasion, Professor Akbar B. Ahmed, Ibn Khaldun Chair of Islamic Studies and Professor of International Relat
Published 08 Jul, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (July 07, 2006).

Published 08 Jul, 2006 12:00am
Salt reserves discovered

Salt reserves discovered

Provincial Minister for Mines and Minerals Muhammad Sibtain Khan has said that 101.92 million tonnes salt reserves have been discovered in two different places of Punjab and this salt is very suitable for domestic as well as commercial use.
Published 08 Jul, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Jul, 2006 12:00am
Cable operators fined for relaying banned channels

Cable operators fined for relaying banned channels

The Council of Complaints (CoC) of the Pakistan Electric Media Regulatory Authority (Pemra), in its 20th meeting here on Thursday, imposed fine on the cable operators relaying banned channels in Punjab. According to a press release, complaints from genera
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
14 years fixed as minimum workers age

14 years fixed as minimum workers age

Pakistan has fixed the minimum age of workers in different non-hazardous occupations to 14 years, after the ratification of Convention 138.
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
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
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
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
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
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
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
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
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
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
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