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Print - 2006-07-13
Ufone signs deal with e-pay

Ufone signs deal with e-pay

Pakistan's fastest growing telecommunications carrier Ufone today announced the signing of a strategic agreement with e-pay Asia Limited and e-pay Pakistan committing the two industry leaders to promote and increase usage of electronic top up 'e-top-up' b
Published 13 Jul, 2006 12:00am
System of Islamic religious schools being revamped: Kasuri

System of Islamic religious schools being revamped: Kasuri

Pakistan is revamping its system of Islamic religious schools to curb extremism and its education minister will visit the United States soon to underscore Islamabad's seriousness about reform, Foreign Minister Khursheed Mehmood Kasuri said on Tuesday.
Published 13 Jul, 2006 12:00am
Conflict-free ties must for peace in region: Kasuri

Conflict-free ties must for peace in region: Kasuri

Foreign Minister Khurshid Mahmood Kasuri said on Tuesday that stable, conflict-free and co-operative relationship between Pakistan and India was "a necessary condition" for building durable peace in South Asia.
Published 13 Jul, 2006 12:00am
Pakistan and China to strengthen ties at Asean

Pakistan and China to strengthen ties at Asean

Association of Southeast Asian Nations (Asean) countries are expected to sign a framework agreement on visa exemption among them at the 39th ASEAN Ministerial Meeting (AMM) later this month. The ASEAN Framework Agreement on Visa Exemption will be one of t
Published 13 Jul, 2006 12:00am
Preparation of voter lists in Bajaur Agency starts from July 14

Preparation of voter lists in Bajaur Agency starts from July 14

Campaign for preparation of electoral lists for the upcoming general elections in Bajaur Agency is being started from July 14. Assistant Election Commissioner Bajaur Agency, Abdul Qayyum Khan told APP on Wednesday that like other parts of the country all
Published 13 Jul, 2006 12:00am
'Measures taken for counting of ballots in AJK'

'Measures taken for counting of ballots in AJK'

Foolproof measures have been taken for the transparent counting of ballots in all the districts of Azad Kashmir. This was stated by Federal Minister for Kashmir Affairs and Northern Areas Tahir Iqbal while talking to PTV. He said, the election process wou
Published 13 Jul, 2006 12:00am
Vegetable prices up 100 percent

Vegetable prices up 100 percent

Despite tall claims of administration to control food inflation, the rates of eatables are on fire. The prices of vegetables have surged up to almost 100 percent rise for past few days. The rates of tomatoes, potatoes, ladyfinger, spinach, bottle gourds,
Published 13 Jul, 2006 12:00am
German team visits National Defence College

German team visits National Defence College

A four members German delegation headed by Brigadier General Mullner, Deputy Assistant Chief of Armed Forces Staff for Politico - Military Affairs and Arms Control, Ministry of Defence here on Wednesday visited National Defence College (NDC) to hold a str
Published 13 Jul, 2006 12:00am
Mineral policy being worked out

Mineral policy being worked out

The NWFP government is working on preparation of mineral policy with the vision to attract investment, build capacity for acquiring new technology in order to register an increase in mineral production to help poverty reduction and social development in t
Published 13 Jul, 2006 12:00am
City government must evolve effective garbage disposal system

City government must evolve effective garbage disposal system

Necessary precautionary measures should be taken during the monsoon season to deal with the problems and diseases created by the rainy season, doctors and patients at local hospitals appealed to the city government during a survey of different parts of th
Published 13 Jul, 2006 12:00am
KCCI suggests shipping supervisory council

KCCI suggests shipping supervisory council

The Karachi Chamber of Commerce and Industry (KCCI) has suggested that a shipping supervisory council for the strict compliance of rules and regulation be formed in the ministry of port and shipping.
Published 13 Jul, 2006 12:00am
Conference on 'Valuing the People Factor' held

Conference on 'Valuing the People Factor' held

"Motivation can come from inside us or from the people around us. External motivation is short-lived unlike self-motivation, which lasts longer and can be sustained as long as one wishes. This is the truest form of motivation and is the prefect stepping-s
Published 13 Jul, 2006 12:00am
Asian Clearing Union seeks easier payment system

Asian Clearing Union seeks easier payment system

Members of the Asian Clearing Union (ACU) will meet in Dhaka next week to discuss ways to make their paymemt systems easier to use to boost trade, a Bangladesh central bank official said on Wednesday.
Published 13 Jul, 2006 12:00am
Bank Alfalah launches Islamic banking in Afghanistan

Bank Alfalah launches Islamic banking in Afghanistan

The Bank Alfalah has announced to launch Islamic Banking Operation in Afghanistan from today (Thursday). According to a press release issued here on Wednesday the Bank Alfalah started its first branch in Kabul, Afghanistan on September 04, 2005.
Published 13 Jul, 2006 12:00am
Harkat activist acquitted

Harkat activist acquitted

An Anti-Terrorism Court (ATC) in Karachi on Wednesday acquitted an activist of banned Harkatul Mujahideen Al Alami in conspiracy to assassinate President General Pervaiz Musharraf case as prosecution could not prove its charge against him.
Published 13 Jul, 2006 12:00am
Milk sellers defy CDGK directive

Milk sellers defy CDGK directive

The unofficial increase in prices of milk still continues to reign in daily transactions in the metropolis, while the city government's concerned authorities have failed to bring down the prices in line with the official rate.
Published 13 Jul, 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 13 Jul, 2006 12:00am
Delisting on merger

Delisting on merger

The Lahore Stock Exchange (LSE) has decided to delist Atlas Investment Bank Ltd from July 26, 2006, after approval of its scheme of amalgamation with Atlas Bank Ltd.
Published 13 Jul, 2006 12:00am
Water board working criticised

Water board working criticised

The residents of Gulshan-e-Iqbal have criticised the town administration for the artificial shortage of water in the area. Secretary Street Management Decent Homes, Syed Hasan Akhtar in a press release.
Published 13 Jul, 2006 12:00am
'Pakistan should do more to prevent cross-border terrorism'

'Pakistan should do more to prevent cross-border terrorism'

Afghan Foreign Minister Rangeen Dadfar Spanta has said Pakistan needs to do more to stop militant groups from crossing its border and launching attacks against Afghan civilians and US-led coalition troops. The foreign minister made these remarks in an int
Published 13 Jul, 2006 12:00am
Five gang-rapists hanged

Five gang-rapists hanged

Five gang-rape convicts were executed in Sialkot district jail on Wednesday. The convicts, Iftikhar, Mushtaq Ahmad, Abdul Jabbar, Muhammad Yousaf and Shahzad Masih were hanged at 04:30 am. Local judicial magistrate and jail medical officer confirmed death
Published 13 Jul, 2006 12:00am
13 stolen vehicles recovered

13 stolen vehicles recovered

The Anti Car Lifting Cell (ACLC) on Wednesday conducted raids and recovered six stolen four-wheelers and seven two-wheelers. The registration numbers of the recovered cars are AFW-656 (Honda City), CJ-1261 (Suzuki Hi-roof), A-0444 (Suzuki FX), T-3452 (Suz
Published 13 Jul, 2006 12:00am
Law minister in UK on study tour

Law minister in UK on study tour

Minister for Law, Justice and Human Rights, Muhammad Wasi Zafar is visiting Britain to attend a study tour which is part of a project organised by the international Finance Corporation on the subject of alternate dispute resolution.
Published 13 Jul, 2006 12:00am
EPB to take part in Shanghai textile exposition

EPB to take part in Shanghai textile exposition

The Export Promotion Bureau (EPB) will take part in the Intertextile Home Textile (IHT), an exhibition of textile products, to be held between August 28 and 30 in Shanghai, China.
Published 13 Jul, 2006 12:00am
Balochistan governor for economic use of water

Balochistan governor for economic use of water

Governor Balochistan Awais Ahmed Ghani has urged the farmers to use water economically as the province is facing severe water scarcity. He was addressing as chief guest at the two-day planning meeting of 'Food Security and Poverty Alleviation in arid Agri
Published 13 Jul, 2006 12:00am
Seminar on SMEs uplift today

Seminar on SMEs uplift today

A seminar on the development of small and medium industrial enterprises (SMEs) will be held at the Lahore Chamber of Commerce and Industry (LCCI) here on Thursday. Punjab Minister for Industries, Trade and Investment, Muhammad Ajmal Cheema will be the chi
Published 13 Jul, 2006 12:00am
99 primary schools to be upgraded in Mansehra

99 primary schools to be upgraded in Mansehra

As many as 99 primary schools would be up-graded in Mansehra district to provide better educational facilities to the earthquake survivors, official sources of NWFP Education department told APP Wednesday.
Published 13 Jul, 2006 12:00am
Two killed in bus-truck collision

Two killed in bus-truck collision

Two persons were killed and several injured when a Multan-bound passenger bus coming from Lahore rammed into a truck in the rear on the highway on Wednesday. According to Motorway Police, the bus (LXP-1495) coming from Lahore smashed into a coal-laden tru
Published 13 Jul, 2006 12:00am
Javed Omer Vohra ratings revised

Javed Omer Vohra ratings revised

JCR-VIS Credit Rating Company Limited has revised the entity ratings of Javed Omer Vohra & Company Limited (JOVCL) from 'A/A-1' (Single A /A-One) to 'BBB/A-3' (Triple B/A-Three). Ratings of JOVCL continue to be placed on 'Rating Watch'
Published 13 Jul, 2006 12:00am
Javed Omer Vohra ratings revised

Javed Omer Vohra ratings revised

JCR-VIS Credit Rating Company Limited has revised the entity ratings of Javed Omer Vohra & Company Limited (JOVCL) from 'A/A-1' (Single A /A-One) to 'BBB/A-3' (Triple B/A-Three). Ratings of JOVCL continue to be placed on 'Rating Watch'
Published 13 Jul, 2006 12:00am
Faysal Bank assigned AA minus rating

Faysal Bank assigned AA minus rating

JCR-VIS Credit Rating Company Limited has assigned a 'preliminary' medium to long term rating of 'AA-' (Double A Minus) with a 'Stable' outlook to the proposed issue of unsecured, subordinated and listed term finance certificates (TFCs) of Faysal Bank Lim
Published 13 Jul, 2006 12:00am
Faysal Bank assigned AA minus rating

Faysal Bank assigned AA minus rating

JCR-VIS Credit Rating Company Limited has assigned a 'preliminary' medium to long term rating of 'AA-' (Double A Minus) with a 'Stable' outlook to the proposed issue of unsecured, subordinated and listed term finance certificates (TFCs) of Faysal Bank Lim
Published 13 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (July 12, 2006) and the forecast for Thursday (July 13, 2006).
Published 13 Jul, 2006 12:00am
LSE official resigns

LSE official resigns

The Company Secretary of Lahore Stock Exchange (LSE), Aamir Zareef, has resigned from his office, stating personal reasons to quit the job in his resignation, it is learnt.
Published 13 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 13 Jul, 2006 12:00am
Wapda workers observe protest day

Wapda workers observe protest day

Water and Power Development Authority (Wapda) workers across the country observed "Protest Day" under the aegis of Pakistan Wapda Hydro Electric Central Labour Union on Wednesday to protest price hike, anti-workers policies and privatisation of Wapda.
Published 13 Jul, 2006 12:00am
New York cotton

New York cotton

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

Published 13 Jul, 2006 12:00am
Customs department directed to clear consignments within 24 hours

Customs department directed to clear consignments within 24 hours

The Central Board of Revenue (CBR) has directed the Customs department to clear consignments within 24 hours in addition to curtailing the dwell timing of the consignments. Collector Customs Lahore, Syed Zaheeruddin disclosed this while talking with a del
Published 13 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 13 Jul, 2006 12:00am
11 held on charge of scuffling at LHC premises

11 held on charge of scuffling at LHC premises

As many as 11 people were arrested from the Lahore High Court premises following scuffles in the courts of Justice Syed Sajjad Hussain Shah and Khawaja Muhammad Sharif on Wednesday. They were detained in Anarkali police station after registration of crimi
Published 13 Jul, 2006 12:00am
HRCP condemns Mumbai blasts

HRCP condemns Mumbai blasts

Human rights activists have expressed grief and anguish over the deaths of over 160 people in the dastardly bomb attacks in Mumbai on Tuesday. Human Rights Commission of Pakistan (HRCP) Chairperson, Asma Jehangir, Secretary General Iqbal Haider and IA Reh
Published 13 Jul, 2006 12:00am
Underground reservoir foundation laid

Underground reservoir foundation laid

District Nazim, Mian Amer Mahmood, on Wednesday performed the groundbreaking of an underground water reservoir of 100,000 gallons capacity here at Circular Road near Masti Gate.
Published 13 Jul, 2006 12:00am
Business Watch Programme: LCCI donates 50 motorbikes to police

Business Watch Programme: LCCI donates 50 motorbikes to police

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday donated as many as 50 motorcycles to the Punjab police and also promised to convert Race Course Police Station into a model police station by getting it equipped with latest technology beside
Published 13 Jul, 2006 12:00am
Steps being taken to promote squash: Khalid

Steps being taken to promote squash: Khalid

The government is taking all out steps for the promotion of the game of squash in Punjab by holding regular squash tournaments especially for youth.
Published 13 Jul, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 13 Jul, 2006 12:00am
Five drug pushers held

Five drug pushers held

The Anti-Narcotics Force (ANF) has arrested five drug pushers including three foreigners besides seizing a huge quantity of drugs and liquor from their possession.
Published 13 Jul, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (July 12, 2006) and for Thursday (July 13, 2006).
Published 13 Jul, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, July 13, 2006.

Published 13 Jul, 2006 12:00am
UK not using one taxpayer identifier number

UK not using one taxpayer identifier number

A developed country like United Kingdom (UK) is not using one single taxpayer identifier number for customs, direct taxes and value-added tax (VAT), whereas the CBR is planning to have computerised identity card number (CNIC) as sole identification of the
Published 13 Jul, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, July 13, 2006.

Published 13 Jul, 2006 12:00am
Tetra Pak Green Media Awards

Tetra Pak Green Media Awards

Food processing and packaging company Tetra Pak Pakistan (TP) has established 'Green Media Awards' for those journalists who highlight environmental issues in their writings.
Published 13 Jul, 2006 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, July 13, 2006.

Published 13 Jul, 2006 12:00am
EU funding various social sector projects

EU funding various social sector projects

The European Commission is currently funding projects worth Pounds 296 million in the fields of environment, human development, education, livestock services, child labour, health, human rights, & humanitarian assistance.
Published 13 Jul, 2006 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (July 12, 2006).

Published 13 Jul, 2006 12:00am
Research, training centre to be set up in Pattoki

Research, training centre to be set up in Pattoki

The government will establish a training and research center to help enhance productivity in dairy and poultry sectors. The centre will be established at Pattoki in Punjab under the auspices of University of Veterinary and Animal Sciences (UVAS), Lahore.
Published 13 Jul, 2006 12:00am
World Bank official for making PAC effective body

World Bank official for making PAC effective body

The World Bank on Wednesday deplored that no audit reports of sitting governments spending have been published so far to ensure good governance through financial accountability as belated audit reports of public accounts committees have failed to serve th
Published 13 Jul, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 13 Jul, 2006 12:00am
'Pakistan needs strong accountability, auditing system'

'Pakistan needs strong accountability, auditing system'

The World Bank (WB) has advised Pakistan to improve its accountability and auditing system as the donor agency fears misappropriations in the process of a rapid economic growth, providing the government enough fiscal space to spend more money than ever be
Published 13 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 12, 2006).

Published 13 Jul, 2006 12:00am
Heated debate on Hudood laws in National Assembly panel meeting

Heated debate on Hudood laws in National Assembly panel meeting

A heated debate was observed on Wednesday between the conservative and liberal group in the meeting of National Assembly Standing Committee on Interior over the Hudood laws, which were subsequently deferred to the next meeting without any breakthrough.
Published 13 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 12, 2006).

Published 13 Jul, 2006 12:00am
'New law to replace Hudood Ordinance by August 31'

'New law to replace Hudood Ordinance by August 31'

Senator Mushahid Hussain Syed has categorically stated that a new Ordinance replacing Hudood Ordinance would be enforced by August 31, 2006. While addressing a seminar "Repeal the Hudood Ordinance" organised by Action Aid International, Islamabad here on
Published 13 Jul, 2006 12:00am
'New law to replace Hudood Ordinance by August 31'

'New law to replace Hudood Ordinance by August 31'

Senator Mushahid Hussain Syed has categorically stated that a new Ordinance replacing Hudood Ordinance would be enforced by August 31, 2006. While addressing a seminar "Repeal the Hudood Ordinance" organised by Action Aid International, Islamabad here on
Published 13 Jul, 2006 12:00am
Muslim Conference gets majority seats in AJK assembly

Muslim Conference gets majority seats in AJK assembly

Though the ruling Muslim Conference (MC) has emerged as a largest group, no party could get clear majority in Tuesday 's elections of Azad Jammu and Kashmir (AJK) Legislative Assembly.
Published 13 Jul, 2006 12:00am
THE RUPEE: range-bound trading in currency market

THE RUPEE: range-bound trading in currency market

The rupee moved slightly versus the dollar in the interbank market on Wednesday, slipping one paisa for buying and selling at 60.29 and 60.30, respectively. Persisting demand for dollars propelled the banks to buy the greenback from the open market to mee
Published 13 Jul, 2006 12:00am
Rs 1.5 billion IDP for AJK and Balochistan launched

Rs 1.5 billion IDP for AJK and Balochistan launched

UK based International Islamic Relief launched its Rs 1.5 billion Integrated Development Programme for AJK and Balochistan to improve the health and hygiene conditions and provide clean drinking water in the earthquake devastated areas of AJK and inaccess
Published 13 Jul, 2006 12:00am
THE RUPEE: range-bound trading in currency market

THE RUPEE: range-bound trading in currency market

The rupee moved slightly versus the dollar in the interbank market on Wednesday, slipping one paisa for buying and selling at 60.29 and 60.30, respectively. Persisting demand for dollars propelled the banks to buy the greenback from the open market to mee
Published 13 Jul, 2006 12:00am
ADB offers Rs 180 million for Kabirwala uplift

ADB offers Rs 180 million for Kabirwala uplift

Asian Development Bank (ADB) will extend financial aid of Rs 180 million for the development of tehsil Kabirwala, said Provincial Minister for Literacy and Non-formal Education, Hussain Jahanian Gardezi.
Published 13 Jul, 2006 12:00am
CCI revival augurs well for federation: Prime Minister

CCI revival augurs well for federation: Prime Minister

Prime Minister Shaukat Aziz has said that the revival of the Council of Common Interest (CCI) augurs well for the federation as it will provide a constitutional forum to remove differences amongst provinces and promote inter-provincial harmony.
Published 13 Jul, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (July 12, 2006).

Published 13 Jul, 2006 12:00am
Pak-Iran investment company to be set up

Pak-Iran investment company to be set up

A Pak-Iran investment company would shortly be established with a capital of 25 million dollars. This was informed by Consul General of the Islamic Republic of Iran in Karachi, Syed Musa Hosseini during a meeting with members of Korangi Association of Tra
Published 13 Jul, 2006 12:00am
MBA degree programme launched

MBA degree programme launched

COMSATS Institute of Information Technology and The International School of Management in Dortmund, Germany for the first time in the history of higher education sector have launched a joint MBA degree programme.
Published 13 Jul, 2006 12:00am
Motorola's Motobus launched

Motorola's Motobus launched

The formal launching of the Motobus were held on July 11, 2006 at Carlton Hotel, DHA, Karachi. The large number of media representatives present on this occasion inspected the Motobus and appreciated the planning of Motorola to popularise these cell phone
Published 13 Jul, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (July 12, 2006).

Published 13 Jul, 2006 12:00am
Non-payment of bail money delayed women prisoners release

Non-payment of bail money delayed women prisoners release

As many as 60 under trial women inmates lodged at Karachi Central Prison, Women Jail Hyderabad, Women Jail Larkana and Women Ward CR-II Sukkur respectively were not released even on Wednesday due to their inability to arrange for bail amount, ranging from
Published 13 Jul, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2006 12:00am
SBP's directive to exchange companies

SBP's directive to exchange companies

The State Bank of Pakistan (SBP) has directed the exchange companies to submit the requisite information to its Exchange Policy Department on the specific format provided to them with the circular.
Published 13 Jul, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jul, 2006 12:00am
EU mission to review KFH action plan

EU mission to review KFH action plan

A delegation of European Union will arrive here on July 15 to review the progress on the action plan of Pakistan government to improve hygienic conditions at Karachi Fish Harbour.
Published 13 Jul, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Jul, 2006 12:00am
Sindh Public Procurement Ordinance 2006 promulgated

Sindh Public Procurement Ordinance 2006 promulgated

Sindh Governor Dr Ishratul Ibad has promulgated an ordinance for establishment of public procurement regulatory authority to regulate procurement of goods, services and works in the public sector.
Published 13 Jul, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (July 12, 2006).

Published 13 Jul, 2006 12:00am
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