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Print - 2006-07-21
'Uplift schemes to be pursued on monthly basis'

'Uplift schemes to be pursued on monthly basis'

Planning and Development Department, Punjab has decided that for unapproved scheme, September 30 would be the final cut-off date and afterwards unapproved schemes would be capped and their funds would be diverted to some fast moving schemes.
Published 21 Jul, 2006 12:00am
Judges promoted

Judges promoted

The Chief Justice of the Lahore High Court has promoted additional district and sessions Judge Muhammad Islam to the rank of district and sessions judge and posted him as judge anti-terrorist court Faisalabad for a period of two and half year or till furt
Published 21 Jul, 2006 12:00am
Supreme Court disposes of bank locker looting case

Supreme Court disposes of bank locker looting case

The Supreme Court of Pakistan on Thursday disposed of case pertaining to looting of bank lockers, when the applicant Saima Chaudhry refused to accept a cheque of Rs 0.5 million. The court, while advising the bank authorities to settle the matter amicably,
Published 21 Jul, 2006 12:00am
Uzbek Airlines starts direct flights

Uzbek Airlines starts direct flights

The official airline of Uzbekistan, Uzbek Airlines has started direct flights from three Pakistani cities - Lahore, Karachi and Islamabad, with five flights from Lahore, seven from Karachi and two from Islamabad to Tashkent every week.
Published 21 Jul, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
US allows new system for goods clearance: CBR

US allows new system for goods clearance: CBR

Central Board of Revenue (CBR) Chairman Abdullah Yusuf has said the US has allowed Pakistan to install a new automated system for clearance of goods en route to this country which will eliminate the condition of pre-shipment and physical presence of goods
Published 21 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
Special bodies to maintain essentials' prices in Punjab

Special bodies to maintain essentials' prices in Punjab

The district price control committees are being revived while special consumer protection committees will be set up across the province to maintain the prices of essential food items apart from ensuring their supply to the consumers at affordable rates.
Published 21 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
Punjab at high alert to combat flood

Punjab at high alert to combat flood

All District Co-ordination Officers (DCOs) and concerned departments have been put at high alert to combat any eventuality during flood season. Director General Relief and Crisis Management Chaudhry Muhammad Azam revealed this while presiding over a meeti
Published 21 Jul, 2006 12:00am
CDGK to install 600 community water plants

CDGK to install 600 community water plants

The City Nazim Syed Mustafa Kamal has said that around 600 community water filter plants would be installed in the metropolis. This he said while inaugurating community water filter plant at the civic view apartment in Gulshan-e-Iqbal.
Published 21 Jul, 2006 12:00am
13 ZTBL workers dismissed on corruption charges

13 ZTBL workers dismissed on corruption charges

Zarai Taraqiati Bank Limited (ZTBL) has dismissed 13 employees on corruption and fraud charges, it is reliably learnt. Official sources told Business Recorder on Thursday that ZTBL President Abdul Rasheed Chughtai had ordered a thorough inquiry and
Published 21 Jul, 2006 12:00am
THE RUPEE: 20 paisa gain in open market

THE RUPEE: 20 paisa gain in open market

The rupee in the open market on Thursday gained 20 paisa for buying at 60.60 and picking up 15 paisa for selling at 60.70, respectively. The rupee, however, lost 45 paisa versus the euro for buying and selling at Rs 76.30 and Rs 76.40, dealers said.
Published 21 Jul, 2006 12:00am
EDB develops prototype of ginning machine

EDB develops prototype of ginning machine

The Engineering Development Board (EDB) has indigenously developed a prototype of ginning machine whose production is 2.5 time higher than that of a conventional machine. Giving details of machine's performance, EDB CEO Imtiaz Rastgar said the power consu
Published 21 Jul, 2006 12:00am
THE RUPEE: 20 paisa gain in open market

THE RUPEE: 20 paisa gain in open market

The rupee in the open market on Thursday gained 20 paisa for buying at 60.60 and picking up 15 paisa for selling at 60.70, respectively. The rupee, however, lost 45 paisa versus the euro for buying and selling at Rs 76.30 and Rs 76.40, dealers said.
Published 21 Jul, 2006 12:00am
Absence of PIA chief, defence secretary irks PAC chairman

Absence of PIA chief, defence secretary irks PAC chairman

The Public Accounts Committee (PAC) on Thursday witnessed some dramatic scenes when its chairman Malik Allah Yar refused to start proceedings in protest against absence of PIA chairman Tariq Kirmani and defence secretary Tariq Waseem Ghazi.
Published 21 Jul, 2006 12:00am
Delayed analysis of fertiliser may hit rice output

Delayed analysis of fertiliser may hit rice output

The country's rice production is likely to suffer a shortfall of about 0.6 to 0.8 million tonnes as the Agriculture Extension Department (AED), delayed carrying out timely analysis of locally produced zinc sulfate fertiliser.
Published 21 Jul, 2006 12:00am
CPNE team meets Aurakzai

CPNE team meets Aurakzai

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has said that restoration and maintenance of peace in Fata was vital for the socio-economic uplift of tribal area. Talking to a delegation of the Council of Pakistan Newspapers Editors (CPN
Published 21 Jul, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
BELA all set to undertake NFBE project

BELA all set to undertake NFBE project

The basic education literacy authority (BELA) is all set to undertake Non Formal Basic Education project (NFBE) worth Rs 26 billion to improve literacy rate in the country. Sources in the ministry told Business Recorder that Planning Commission (PC
Published 21 Jul, 2006 12:00am
IBP seminar kicks off

IBP seminar kicks off

The Institute of Bankers Pakistan (IBP) is conducting a three-day quality seminar on "Understanding Treasury & Derivative Instruments" from July 20. Executives and officers from local and foreign banks are participating into this knowledge event.
Published 21 Jul, 2006 12:00am
Sugar crisis inter-linked with shortage of water

Sugar crisis inter-linked with shortage of water

The sugar crisis is inter-linked with shortage of water in the country, low yield of sugarcane, inadequate research, besides negative attitude of sugar mills, which will continue to haunt consumers during the next year if the government adopt a viable str
Published 21 Jul, 2006 12:00am
SCRAs: fresh arrivals recorded

SCRAs: fresh arrivals recorded

The special convertible rupee accounts (SCRAs), which were $17.5 million on July 14, recorded an increase of $2 million, reaching at over $19.4 million on July 18. This happened despite the fact that withdrawals ($4 million including $2.8 million by Switz
Published 21 Jul, 2006 12:00am
WWF-P welcomes tree plantation campaign

WWF-P welcomes tree plantation campaign

World Wide Funds for Nature-Pakistan (WWF-P) has welcomed the initiative of Prime Minister Shaukat Aziz for launching the monsoon tree plantation campaign 2006 on July 19 with the announcement that 40 million saplings would be planted across the country.
Published 21 Jul, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
REGS to help raise exports: Paapam

REGS to help raise exports: Paapam

Pakistan Association of Automotive Accessories Manufacturers (Paapam), while commenting on the Trade Policy, has said the creation of rapid export growth strategy (REGS) will help enhance country's exports.
Published 21 Jul, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jul, 2006 12:00am
Cash prizes for Punjab University sportswomen

Cash prizes for Punjab University sportswomen

Punjab University Vice Chancellor Arshad Mahmood distributed cash prizes of Rs 200,000 amongst female students who won positions for Punjab University in All Pakistan Inter-University Games during year 2004 and 2005 under the arrangements of Higher Educat
Published 21 Jul, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jul, 2006 12:00am
309 women released from Punjab jails

309 women released from Punjab jails

As many as 309 under-trial women prisoners confined in nine different jails of the province have so far been released in compliance with the presidential Law Reform Ordinance. Sources in the Punjab Prisons Department told Business Recorder here on
Published 21 Jul, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Jul, 2006 12:00am
PWF demonstration against price hike

PWF demonstration against price hike

Workers of Pakistan Workers Federation (PWF) took out a procession here on Thursday to protest price hike and increase in working hours of labourers. The protestors led by Khurshid Ahmad general secretary of the federation voiced their concern over propos
Published 21 Jul, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
Sheikhupura traders seek problems resolution

Sheikhupura traders seek problems resolution

Sheikhupura Association of Industry chairman Shahzad Ali Nagina and convenor Manzoor Malik have drawn attention of President Musharraf, Prime Minister Shaukat Aziz and Punjab chief minister Chaudhry Pervaiz Elahi toward problems faced by the areas busines
Published 21 Jul, 2006 12:00am
Shaukat launches PML centenary sports celebrations

Shaukat launches PML centenary sports celebrations

Prime Minister Shaukat Aziz launched Pakistan Muslim League Centenary Sports Celebrations 2006 at a ceremony here on Thursday which was attended by federal ministers, PML central office-bearers, representatives of the countrywide sports federations and so
Published 21 Jul, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Jul, 2006 12:00am
Awards to be given to outstanding women on July 31

Awards to be given to outstanding women on July 31

The women development ministry will give awards to women, who have devoted their lives for women empowerment and advancements. Sources told Business Recorder on Thursday that awards would be given on Fatima Jinnah Day (July 31).
Published 21 Jul, 2006 12:00am
Punjab agriculture research institutes restructuring plan opposed

Punjab agriculture research institutes restructuring plan opposed

Parliamentarians and agricultural scientists have urged the Punjab government to address concerns of the people attached with research before corporatising agriculture research institutes. They feared it would politicise institutions like Pakistan Agricul
Published 21 Jul, 2006 12:00am
Ishrat calls on Aurakzai

Ishrat calls on Aurakzai

The Chairman of the National Commission for Government Reforms, Dr Ishrat Hussain who is also the ex-governor of the State Bank of Pakistan, called on the NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) at Governor's House here on Thursd
Published 21 Jul, 2006 12:00am
Rs 4.11 billion to be spent on NWFP hydropower projects

Rs 4.11 billion to be spent on NWFP hydropower projects

The NFP government with the financial assistance of the Asian Development Bank (ADB) would spend Rs 4.11 billion on various hydropower generation projects in the province, sources in the Sarhad Hydel Development Organisation (Shydo) told Business Recor
Published 21 Jul, 2006 12:00am
Countdown to remove government starts after July 31: PPP

Countdown to remove government starts after July 31: PPP

Pakistan Peoples Party (PPP), Sindh, said on Thursday after July 31 the countdown for removal of present regime would be started and it would be forced to quit within 90 days after expiry of deadline or by the end of this year through a massive anti-gover
Published 21 Jul, 2006 12:00am
Benazir urges world to mediate in Middle East crisis

Benazir urges world to mediate in Middle East crisis

Former prime minister and Chairperson of the Pakistan Peoples Party (PPP) Benazir Bhutto has called upon the United Nations and the international community to bring about an immediate cease-fire to end the renewed violence in the Middle East.
Published 21 Jul, 2006 12:00am
PML-N to hold rallies against government from July 26

PML-N to hold rallies against government from July 26

Pakistan Muslim League (PML-N) has announced to observe sit-in and protests against mega scandals and corruption of the military regime. District President of PML-N Allah Nawaz Khan Durrani said the protest rallies would start from Islamabad on July 26, w
Published 21 Jul, 2006 12:00am
President sets aside CBR representation against FTO decision

President sets aside CBR representation against FTO decision

President General Pervez Musharraf has set aside a representation of the Central Board of Revenue (CBR) against the judgement of Federal Tax Ombudsman (FTO), confirming that the sales tax department is bound to finalise case against the taxpayer within 90
Published 21 Jul, 2006 12:00am
President sets aside CBR representation against FTO decision

President sets aside CBR representation against FTO decision

President General Pervez Musharraf has set aside a representation of the Central Board of Revenue (CBR) against the judgement of Federal Tax Ombudsman (FTO), confirming that the sales tax department is bound to finalise case against the taxpayer within 90
Published 21 Jul, 2006 12:00am
President sets aside CBR representation against FTO decision

President sets aside CBR representation against FTO decision

President General Pervez Musharraf has set aside a representation of the Central Board of Revenue (CBR) against the judgement of Federal Tax Ombudsman (FTO), confirming that the sales tax department is bound to finalise case against the taxpayer within 90
Published 21 Jul, 2006 12:00am
Pakistan foreign exchange reserves slip

Pakistan foreign exchange reserves slip

Foreign exchange reserves declined by $100.7 million to $12,939.9 million in the week ending on July 15, 2006 the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP declined to $10,610.5 million from $10,672.2 million a week earlier h
Published 21 Jul, 2006 12:00am
Pakistan foreign exchange reserves slip

Pakistan foreign exchange reserves slip

Foreign exchange reserves declined by $100.7 million to $12,939.9 million in the week ending on July 15, 2006 the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP declined to $10,610.5 million from $10,672.2 million a week earlier h
Published 21 Jul, 2006 12:00am
Pakistan foreign exchange reserves slip

Pakistan foreign exchange reserves slip

Foreign exchange reserves declined by $100.7 million to $12,939.9 million in the week ending on July 15, 2006 the State Bank of Pakistan (SBP) said on Thursday. Reserves held by the SBP declined to $10,610.5 million from $10,672.2 million a week earlier h
Published 21 Jul, 2006 12:00am
SBP sells Rs 23.4 billion treasury bills

SBP sells Rs 23.4 billion treasury bills

The State Bank of Pakistan (SBP) sold Rs 23,400 million of Treasury bills on Thursday in a two-day repo operation at 7.50 percent to mop up funds from the money market.
Published 21 Jul, 2006 12:00am
SBP sells Rs 23.4 billion treasury bills

SBP sells Rs 23.4 billion treasury bills

The State Bank of Pakistan (SBP) sold Rs 23,400 million of Treasury bills on Thursday in a two-day repo operation at 7.50 percent to mop up funds from the money market.
Published 21 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
German firm to invest one billion euros in joint venture

German firm to invest one billion euros in joint venture

A German company TPR Fiber would invest one billion euros in a joint venture with Union Group of Companies (UGCs)to set up oil rigs assembly and water pipe plant in Rawalpindi employing over 500 people.
Published 21 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
Money supply expands by Rs 398 billion in fiscal year 2006

Money supply expands by Rs 398 billion in fiscal year 2006

Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Published 21 Jul, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
Money supply expands by Rs 398 billion in fiscal year 2006

Money supply expands by Rs 398 billion in fiscal year 2006

Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Published 21 Jul, 2006 12:00am
Money supply expands by Rs 398 billion in fiscal year 2006

Money supply expands by Rs 398 billion in fiscal year 2006

Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Published 21 Jul, 2006 12:00am
Money supply expands by Rs 398 billion in fiscal year 2006

Money supply expands by Rs 398 billion in fiscal year 2006

Money supply during FY06 expanded by Rs 398 billion or 13.4 percent compared with the targeted growth of Rs 380 billion or 12.8 percent. This was revealed in the final data released by the State Bank of Pakistan (SBP) on July 20 for the last week of the y
Published 21 Jul, 2006 12:00am
SBP appoints primary dealers for 2006-07

SBP appoints primary dealers for 2006-07

The State Bank of Pakistan has appointed the primary dealers for the financial year 2006-07. The names of these primary dealers are including ABN Amro Bank, NV American Express Bank Limited, Citibank NA, Habib Bank Limited.
Published 21 Jul, 2006 12:00am
TV channels ordered to stop showing carnage

TV channels ordered to stop showing carnage

Television channels have been told to stop showing gruesome pictures from accidents, bomb blasts and other violence, the chairman of the government's regulator said on Thursday.
Published 21 Jul, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (July 20, 2006).

Published 21 Jul, 2006 12:00am
TV channels ordered to stop showing carnage

TV channels ordered to stop showing carnage

Television channels have been told to stop showing gruesome pictures from accidents, bomb blasts and other violence, the chairman of the government's regulator said on Thursday.
Published 21 Jul, 2006 12:00am