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Print - 2006-08-03
Princess of Jordan donates girls schools in AJK

Princess of Jordan donates girls schools in AJK

Princess Sarwar EI Hassan of Jordan on Wednesday announced to donate schools for girls in Azad Jammu and Kashmir (AJK). In this regard, a memorandum of understanding (MoU) signing ceremony was held in Erra Headquarters, PM Secretariat on Wednesday.
Published 03 Aug, 2006 12:00am
PPM to celebrate Musharraf's birthday

PPM to celebrate Musharraf's birthday

Pakistan Peoples Movement (PPM) has made arrangements to celebrate 63rd birthday of President General Pervez Musharraf at Lahore, Rawalpindi and Mandi Bahauddin. This was announced by PPM Chairman Muhammad Ashfaq Chaudhry while addressing a press conferen
Published 03 Aug, 2006 12:00am
Railway traffic to be restored by August 4: Rashid

Railway traffic to be restored by August 4: Rashid

The railway traffic from Karachi to up-country will be restored in the next three days after construction of an alternative railway track by August 4 along side the Ran Pathani Railway Bridge which was destroyed on Sunday in torrential rains.
Published 03 Aug, 2006 12:00am
National Assembly meeting on August 4

National Assembly meeting on August 4

The National Assembly would meet here on August 4 (Friday) at 10:00 am in the Parliament House building. Opposition has warned to move no-trust motion against Prime Minister Shaukat Aziz during the stormy session of the National Assembly.
Published 03 Aug, 2006 12:00am
Aptma for extending refinance facility to spinning sector

Aptma for extending refinance facility to spinning sector

All Pakistan Textile Manufacturers Association (Aptma), NWFP chapter, Chairman Afan Aziz has welcomed the recently announced reduction in refinance rates given to the value-added sector of the textile industry and urged the government and State Bank of Pa
Published 03 Aug, 2006 12:00am
ADB to provide $0.9 million for power project

ADB to provide $0.9 million for power project

The Asian Development Bank (ADB) was likely to provide $0.9 million project preparatory technical assistance (PPTA) for 'Power Distribution Enhancement Project' (PDEP) to ensure a sufficient and stable power supply in the country.
Published 03 Aug, 2006 12:00am
Sick units may get power on subsidised rates

Sick units may get power on subsidised rates

The NWFP government is likely to supply electricity to the sick industrial units of the province on subsidised rates, although the feasibility study of Sarhad Development Authority (SDA) on Malakand industrial estate declared the project infeasible, relia
Published 03 Aug, 2006 12:00am
Maximum facilities to Fata tribesmen assured

Maximum facilities to Fata tribesmen assured

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has reiterated the Federal government's firm commitment to strengthen and enhance the service delivery system in the Federally-Administered Tribal Areas (Fata) by providing maximum faciliti
Published 03 Aug, 2006 12:00am
NWFP chief secretary for implementation of Kohistan uplift package

NWFP chief secretary for implementation of Kohistan uplift package

The Chief Secretary NWFP Mr Ejaz Ahmad Qureshi on Wednesday convened a meeting to review progress on Kohistan Development Package and to discuss ways and means to further expedite the pace of work on various schemes launched under the package.
Published 03 Aug, 2006 12:00am
One held, arms recovered

One held, arms recovered

Rawalpindi police on Wednesday arrested one person and recovered arms and explosives from his possession. A police patrolling party of the New Town Police Station was on its routine duty when they stopped a person named Waqar Ahmed, of Quetta, at Dhok Naj
Published 03 Aug, 2006 12:00am
Millennium Dome may be built in place of Metropole

Millennium Dome may be built in place of Metropole

Sindh Chief Secretary Fazal Rehman has summoned a meeting discuss a proposal to declare the Metropole Hotel area as an open space, on the pattern of 'Millennium Dome', with a beautiful fountain, park and seating arrangements where visitors can enjoy in th
Published 03 Aug, 2006 12:00am
Around 1,078 plazas, markets build illegally in Lahore

Around 1,078 plazas, markets build illegally in Lahore

Around 1,078 plazas and markets have been constructed in various parts of the provincial metropolis without getting approval of the site plan and payment of the commercialisation fee by the owners.
Published 03 Aug, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (August 02, 2006) and the forecast for Thursday (August 03, 2006).
Published 03 Aug, 2006 12:00am
Energy-efficient Intel microprocessors unveiled

Energy-efficient Intel microprocessors unveiled

Intel Corporation unveiled 10 Intel Core 2 Duo and Intel Core 2 extreme processors for consumer and business desktop, laptop PCs and workstations reshaping how computers perform, look and consume power and most importantly transform how people use them.
Published 03 Aug, 2006 12:00am
New York cotton

New York cotton

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

Published 03 Aug, 2006 12:00am
CAA staff gets one-month salary as bonus

CAA staff gets one-month salary as bonus

For the first time the entire staff and officers of the Civil Aviation Authority (CAA) have been given one-month salary as bonus. The amount was handed over along with the salary of August. This unexpected move on the part of CAA management has been appre
Published 03 Aug, 2006 12:00am
New York cotton

New York cotton

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

Published 03 Aug, 2006 12:00am
Strategy discussed to utilise Rs 3 billion Social Relief Fund

Strategy discussed to utilise Rs 3 billion Social Relief Fund

Sindh Chief Secretary Fazlur Rehman on Wednesday stressed the need for result-oriented utilisation of Rs 3 billion Sindh Social Relief Fund (SSRF) to eliminate poverty from the province. He was presiding over a meeting of secretaries and other officials o
Published 03 Aug, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
Heroin worth Rs 40 million recovered

Heroin worth Rs 40 million recovered

The Drug Enforcement Cell of the Pakistan Customs Preventive Collectorate on Wednesday arrested a Pakistani national at the Jinnah Terminal while leaving for Uganda and recovered four kilograms heroin worth Rs 40 million from his possession.
Published 03 Aug, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 02, 2006).

Published 03 Aug, 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 03 Aug, 2006 12:00am
Baghwandas takes oath

Baghwandas takes oath

Justice Rana Baghwandas, the senior-most judge of the Supreme Court after the Pakistan Chief Justice, took oath here on Wednesday as acting Chief Justice of Pakistan. Justice Khalil-ur-Rehman Ramday administered the oath at a ceremony held in the Supreme
Published 03 Aug, 2006 12:00am
Transfers and postings

Transfers and postings

The Government of Sindh has ordered transfers & postings of the following officers with immediate effect, a handout issued here on Wednesday said.
Published 03 Aug, 2006 12:00am
Marri tribesmen surrender

Marri tribesmen surrender

A group of 38 Marri tribesmen had laid down their weapons and announced support for the government. According to reports, 38 Marri tribesmen under the leadership of Wadera Juma Khan Marri surrendered to the authorities in Kot Mandai, some 50 km from Sibi.
Published 03 Aug, 2006 12:00am
PFUJ-Apnec meeting from August 4

PFUJ-Apnec meeting from August 4

The three-day joint meeting of Federal Executive Council (FEC) of Pakistan Federal Union of Journalists (PFUJ), and National Executive Committee (NEC) of All Pakistan Newspapers Employees Confederation (Apnec) will be held in Peshawar from August 4 to 6,
Published 03 Aug, 2006 12:00am
Mobile Number Portability system to be operational soon

Mobile Number Portability system to be operational soon

The Mobile Number Portability (MNP) system will be operational shortly in the country, as the project is in final stages while a Mobile Number Portability Company (Guarantee) Limited has also been registered with the Securities and Exchange Commission of
Published 03 Aug, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
Persistent power shortage: Industrialists threaten to close down units

Persistent power shortage: Industrialists threaten to close down units

The chairman, Site Association of Industry (SAI), Ameen Bandukda, has warned the Karachi Electric Supply Corporation (KESC) that if the power supply to Site area is not restored immediately the industrialists will close down their units, lay off the worke
Published 03 Aug, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 02, 2006) and for Thursday (August 03, 2006).
Published 03 Aug, 2006 12:00am
New Zealand firm to install biogas plant

New Zealand firm to install biogas plant

A New Zealand-based company is going to install a biogas plant in collaboration with the City District Government Karachi (CDGK) which would cost around 135 million dollar at Landhi Cattle Colony.
Published 03 Aug, 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, August 03, 2006.

Published 03 Aug, 2006 12:00am
'FDPT employee to be sent for Haj every year'

'FDPT employee to be sent for Haj every year'

The Board of Trustee, Faisalabad Dry Port Trust (FDPT), has decided to send an employee of the Dry Port for Haj every year. The Trust will bear the expenses of air-ticket and the boarding & lodging of the employee in Saudi Arabia.
Published 03 Aug, 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, August 03, 2006.

Published 03 Aug, 2006 12:00am
Pakistan rejects PTI report on Safta

Pakistan rejects PTI report on Safta

Pakistan on Wednesday rejected as baseless a report by an official of Indian news agency- (Press Trust of India) that Pakistan would oppose extension of South Asian Free Trade Agreement (Safta) benefits to Afghanistan.
Published 03 Aug, 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, August 03, 2006.

Published 03 Aug, 2006 12:00am
Collective efforts vital for child welfare: SAF moot held

Collective efforts vital for child welfare: SAF moot held

South Asian states have underlined the need for collective efforts on South Asian Forum (SAF) for welfare of children. The decision had been taken in SAF moot held in Rawalpindi to review the progress made by the SAF member States in the areas of early ma
Published 03 Aug, 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 (August 02, 2006).

Published 03 Aug, 2006 12:00am
Pakistan supports China's active role in Saarc

Pakistan supports China's active role in Saarc

China, with an observer status is expected to participate in the 14th summit South Asian Association for Regional Co-operation (Saarc) to be held in India on April 3-4 next year.
Published 03 Aug, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
'Army extensively engaged in developing tribal area'

'Army extensively engaged in developing tribal area'

The Pakistan Army is extensively engaged in well being of tribal people through the length and breadth of Fata. The development projects in Fata are aimed at improving the quality of life in tribal areas.
Published 03 Aug, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
Shahbaz re-elected PML-N president

Shahbaz re-elected PML-N president

Pakistan Muslim League (Nawaz) on Wednesday re-elected Mian Muhammad Shahbaz Sharif as President, Raja Muhammad Zafar-ul-Haq as Chairman and Iqbal Zafar Jhagra as Secretary General for another term.
Published 03 Aug, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
Hurriyat urges India to improve human rights situation in IoK

Hurriyat urges India to improve human rights situation in IoK

India must improve human rights (HR) situation in Occupied Kashmir, as it is imperative for achieving lasting peace in the region. Convenor All Parties Hurriyat Conference (APHC) Syed Yousuf Naseem on Wednesday told PTV that India must end state terrorism
Published 03 Aug, 2006 12:00am
Shab-e-Meraj to be observed on August 22

Shab-e-Meraj to be observed on August 22

The Shab-e-Meraj will be observed across the country with religious fervour and zeal on August 22. The religious organisations will arrange different programs, in which Ulema will highlight the importance of the Shab-e-Meraj. The mosques will extraordinar
Published 03 Aug, 2006 12:00am
'MMA succeeded in popularising interest-free Islamic banking'

'MMA succeeded in popularising interest-free Islamic banking'

The NWFP Senior Minister Sirajul Haq has said the MMA govt succeeded in its mission of popularising interest free Islamic banking while banks other than Bank of Khyber (BoK) are fully encouraged to open and promote its interest free branches in NWFP after
Published 03 Aug, 2006 12:00am
THE RUPEE: four paisa fall versus dollar

THE RUPEE: four paisa fall versus dollar

Declining trend was seen in the interbank market on Wednesday as the rupee dropped by four paisa versus the dollar for buying and selling at 60.30 and 60.31, respectively. Rising demand for dollars pushed the rupee down and it is expected the rupee might
Published 03 Aug, 2006 12:00am
'Grain market not being shifted'

'Grain market not being shifted'

City District Nazim Mian Faisal Mukhtar has said that the grain market will not be shifted outside the city without the consent of traders, commission agents and other stakeholders.
Published 03 Aug, 2006 12:00am
THE RUPEE: four paisa fall versus dollar

THE RUPEE: four paisa fall versus dollar

Declining trend was seen in the interbank market on Wednesday as the rupee dropped by four paisa versus the dollar for buying and selling at 60.30 and 60.31, respectively. Rising demand for dollars pushed the rupee down and it is expected the rupee might
Published 03 Aug, 2006 12:00am
PML, allies must work together for country progress: Prime Minister

PML, allies must work together for country progress: Prime Minister

Prime Minister Shaukat Aziz has said that PML and its allied parties should continue to work untidily and in a spirit of brotherhood for the progress of country and the welfare of masses. He was talking to the chief ministers of Punjab, Sindh and Balochis
Published 03 Aug, 2006 12:00am
President for making Hudood laws in conformity with Islam

President for making Hudood laws in conformity with Islam

President General Pervez Musharraf on Wednesday emphasised the need for a balanced approach to make Hudood laws in conformity with the real spirit and true teachings of Islam and protect the rights of the women.
Published 03 Aug, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
Musharraf for raising quality of human resources

Musharraf for raising quality of human resources

President General Pervez Musharraf has emphasised the need for nurturing talent of younger generations and enhancing the quality of human resources in the knowledge-driven world to make Pakistan a powerful and developed country.
Published 03 Aug, 2006 12:00am
Musharraf for raising quality of human resources

Musharraf for raising quality of human resources

President General Pervez Musharraf has emphasised the need for nurturing talent of younger generations and enhancing the quality of human resources in the knowledge-driven world to make Pakistan a powerful and developed country.
Published 03 Aug, 2006 12:00am
Cabinet approves bill for women protection

Cabinet approves bill for women protection

The Cabinet on Wednesday approved the Criminal Law Amendment (Protection of Women) Bill, 2006, in principle and constituted a five-member ministerial committee to fine-tune the changes proposed by the Law Ministry. The Cabinet meeting was presided over by
Published 03 Aug, 2006 12:00am
Cabinet approves bill for women protection

Cabinet approves bill for women protection

The Cabinet on Wednesday approved the Criminal Law Amendment (Protection of Women) Bill, 2006, in principle and constituted a five-member ministerial committee to fine-tune the changes proposed by the Law Ministry. The Cabinet meeting was presided over by
Published 03 Aug, 2006 12:00am
Cabinet approves bill for women protection

Cabinet approves bill for women protection

The Cabinet on Wednesday approved the Criminal Law Amendment (Protection of Women) Bill, 2006, in principle and constituted a five-member ministerial committee to fine-tune the changes proposed by the Law Ministry. The Cabinet meeting was presided over by
Published 03 Aug, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

An unambiguous identity and its strong references have been amongst the basic needs of mankind throughout the history. At times, it looks instinctual. The nature through its majestic powers of manufacture has put in human genes an urge for having some thi
Published 03 Aug, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
'Musharraf's advisers sabotaging settlement'

'Musharraf's advisers sabotaging settlement'

Convenor of Muttahida Qaumi Movement Dr Imran Farooq has said that President Musharraf should know that people sitting on his right and left are trying to sabotage the negotiated settlement of the problems between MQM and the Sindh chief minister.
Published 03 Aug, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Aug, 2006 12:00am
PML-Q and MQM disappoint masses: Khuhro

PML-Q and MQM disappoint masses: Khuhro

Leader of the opposition in the Sindh Assembly Nisar Khuhro has said both Muttahida Qaumi Movement (MQM) and PML-Q have badly disappointed the people as their bilateral dispute is harming the masses.
Published 03 Aug, 2006 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 03 Aug, 2006 12:00am
CBR reduces C&F value on imported potato chips

CBR reduces C&F value on imported potato chips

The Central Board of Revenue (CBR) has reduced the cost and freight (C&F) value on the import of potato chips (55 grms) from $85.39 to $0.191 for the assessment of sales tax. The board has amended SRO 732(I)/2006 through a notification issued on Tuesday.
Published 03 Aug, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Aug, 2006 12:00am
CBR reduces C&F value on imported potato chips

CBR reduces C&F value on imported potato chips

The Central Board of Revenue (CBR) has reduced the cost and freight (C&F) value on the import of potato chips (55 grms) from $85.39 to $0.191 for the assessment of sales tax. The board has amended SRO 732(I)/2006 through a notification issued on Tuesday.
Published 03 Aug, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Aug, 2006 12:00am
Senate censures UN, OIC over failure to stop Israeli onslaught

Senate censures UN, OIC over failure to stop Israeli onslaught

The Senate on Wednesday condemned in strongest possible terms Israeli's naked aggression against Lebanon and billed the brutal killing of civilians in Lebanon and Palestine as a crime against humanity, wantonly violating international law and norms.
Published 03 Aug, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (August 02, 2006).

Published 03 Aug, 2006 12:00am
'Very positive' attitude to peace talks with India: Kasuri

'Very positive' attitude to peace talks with India: Kasuri

Pakistan's foreign minister said on Wednesday that Islamabad has a "very positive attitude" toward a resumption of peace talks with India. Speaking after the close of South Asian foreign ministers' meeting in Dhaka, Khursheed Mehmood Kasuri said foreign s
Published 03 Aug, 2006 12:00am
PAT holds protest against Israeli aggression on August 4

PAT holds protest against Israeli aggression on August 4

Pakistan Awami Tehrik (Women Wing) would hold protest on August 4 throughout the province against the Israeli aggression in Lebanon. Ayesha Bashir, President Lahore Women Wing, made this announcement during a demonstration organised by PAT on here Wednesd
Published 03 Aug, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Aug, 2006 12:00am
Irrigation circles asked to ensure adequate water supply

Irrigation circles asked to ensure adequate water supply

Punjab Irrigation Minister Chaudhry Aamir Sultan Cheema has directed the Irrigation Circles to ensure adequate water supply in their divisions, which falls on tail of the circle, and in case of shortage it should be divided equally in all divisions of the
Published 03 Aug, 2006 12:00am
Repair of Taunsa Barrage gates planned

Repair of Taunsa Barrage gates planned

The government has decided to repair the ageing gates of Taunsa barrage to avoid total failure of the machinery, official sources told Business Recorder. The barrage supplies irrigation water to about two million acres of land in DG Khan, Rajanpur
Published 03 Aug, 2006 12:00am
UVAS and WWF sign MoU

UVAS and WWF sign MoU

The University of Veterinary and Animal Sciences Lahore and World Wide Fund for Nature Pakistan (WWF-Pakistan) have signed a memorandum of understanding (MoU) to conduct joint surveys, field research and trainings in the area of wildlife.
Published 03 Aug, 2006 12:00am
Five BP candidates vie for FPCCI presidentship

Five BP candidates vie for FPCCI presidentship

Businessmen Panel has announced that formation of the elections committees will be followed by finalisation of its candidate for FPCCI president for 2006-08. A meeting of the group was informed on Wednesday that five leaders of Businessmen Panel were in t
Published 03 Aug, 2006 12:00am
Minfal to brief President on three big projects on August 4

Minfal to brief President on three big projects on August 4

The Ministry of Food, Agriculture and Livestock (Minfal) will brief President General Pervez Musharraf on Friday on three mega projects. Sources in Minfal told Business Recorder on Wednesday that the Ministry would also brief the President on the p
Published 03 Aug, 2006 12:00am
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