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Print - 2006-08-09
Aphid-resistant soyabeans developed

Aphid-resistant soyabeans developed

Swiss-based agrochemicals firm Syngenta has developed a variety of soyabeans resistant to destructive aphids and will make the product commercially available in 2009.
Published 09 Aug, 2006 12:00am
Oil falls after record high on Alaska outage

Oil falls after record high on Alaska outage

Oil prices pulled back from a record over $78 a barrel on Tuesday as international major BP studied ways to keep oil flowing from the largest oil field in the United States.
Published 09 Aug, 2006 12:00am
Biofuels to keep palm oil prices high

Biofuels to keep palm oil prices high

Palm oil prices are likely to remain supported at current high levels because of biofuel demand, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Published 09 Aug, 2006 12:00am
New York cotton closes lower

New York cotton closes lower

Cotton futures ended lower Tuesday on thin trade sales a day after the market rallied to eight-week highs, and market sources said a lack of drive from funds should keep trading steady in coming sessions.
Published 09 Aug, 2006 12:00am
London sugar down

London sugar down

London benchmark white sugar futures closed lower on Tuesday on trade and speculative selling after hitting a 5-1/2-month low of $424.00 per tonne, traders said.
Published 09 Aug, 2006 12:00am
Copper descends

Copper descends

Copper futures ended lower on Tuesday as expectations of slower economic growth dominated sentiment, while the threat of supply shortages was mostly sidelined ahead of a decision by the US Federal Reserve.
Published 09 Aug, 2006 12:00am
Gold falls in London

Gold falls in London

Gold drifted lower on Tuesday ahead of the US Federal Open Market Committee meeting on interest rates, which may offer fresh leads for bullion traders. But a four-week war in the Middle East was likely to provide some support to the safe-haven metal, deal
Published 09 Aug, 2006 12:00am
US MIDDAY: coffee dips

US MIDDAY: coffee dips

US arabica coffee futures dipped, on Tuesday, settling on negative ground although speculative short-covering amid tight robusta supply helped the market recover from a much wider loss, traders said.
Published 09 Aug, 2006 12:00am
US MIDDAY: cocoa rises

US MIDDAY: cocoa rises

US front-month cocoa futures rose 1 percent to settle at a three-week high Tuesday, with follow-through speculative and fund buying extending the previous day's gain, traders said.
Published 09 Aug, 2006 12:00am
US MIDDAY: sugar tumbles

US MIDDAY: sugar tumbles

Raw sugar prices closed at their lowest this year after speculative sell-off, market sources said. New York Board of Trade's October raw sugar contract settled down 0.28 cent at 13.99 cents per lb after bottoming at 13.92 cents.
Published 09 Aug, 2006 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Soft red winter wheat futures at the Chicago Board of Trade were lower at midsession on Tuesday on speculative selling amid lacklustre domestic and export demand, traders said. "Harvest is going good, we've got a lot of stocks out there, and we just don't
Published 09 Aug, 2006 12:00am
US MIDDAY: corn eases

US MIDDAY: corn eases

Corn futures at the Chicago Board of Trade were lower early on Tuesday on a turn to cooler temperatures and showers in the US Midwest Corn Belt, traders said. The moderate weather will help put the finishing touches on the crop, which is entering its matu
Published 09 Aug, 2006 12:00am
US MIDDAY: copper quietly steady

US MIDDAY: copper quietly steady

Copper futures in New York traded on either side of unchanged in early business on Tuesday as prices held in a quiet ranges ahead of a US Federal Reserve decision on interest rates due out after the close of the copper market, sources said.
Published 09 Aug, 2006 12:00am
US MIDDAY: soyabeans mixed

US MIDDAY: soyabeans mixed

Soyabean futures at the Chicago Board of Trade were mixed early on Tuesday with the market languishing a bit amid a turn to good crop weather in the US Midwest, traders said.
Published 09 Aug, 2006 12:00am
US MIDDAY: gold pares losses

US MIDDAY: gold pares losses

COMEX gold futures trimmed declines but remained a tad weaker by midmorning on Tuesday, as investors tracked a softer oil market and got ready for a US decision on interest rates later in the day, dealers said.
Published 09 Aug, 2006 12:00am
'Education policy being devised'

'Education policy being devised'

Punjab Education Minister, Mian Imran Masood, has said that the government is working on a plan to have a uniform education policy in all the four provinces after identifying the grey areas so that the desired results could be achieved.
Published 09 Aug, 2006 12:00am
Lahore expo center to be completed in 2007

Lahore expo center to be completed in 2007

The construction work on Lahore Expo Centre would be completed till February 2007 so that the exhibition 'Expo 2007' could be held at this newly constructed centre. Punjab Minister for Industries, Commerce and Investment, Muhammad Ajmal Cheema stated this
Published 09 Aug, 2006 12:00am
Huge salt reserves exist in Punjab: minister

Huge salt reserves exist in Punjab: minister

There are huge reserves of salt in Punjab province, which would be more than sufficient in next five centuries and strategy had been evolved to enhance the income of department by exporting natural salt and salt made items to various countries.
Published 09 Aug, 2006 12:00am
Revised design of project at River Chenab approved

Revised design of project at River Chenab approved

Planning and Development Board Punjab (P&D) has given approval to the revised design and cost of the project of construction of J-head and a guide-head spur at river Chenab in district Multan at a cost of Rs 167.435 million.
Published 09 Aug, 2006 12:00am
Ban on cricketer

Ban on cricketer

It is to request you that I, Ali Asad s/o Anwar Sadiq played Under-19 World Cup this year in Sri Lanka and now I am playing for National Academy and Pakistan Under-19.
Published 09 Aug, 2006 12:00am
Misfortunes and miseries

Misfortunes and miseries

I go through your newspaper, Business Recorder, regularly as well watch your AAJ TV channel. No doubt my interest in your channel has started to increase. I find your channel a move towards democracy since I believe in this subject.
Published 09 Aug, 2006 12:00am
City roads

City roads

Through your esteemed newspaper I would like to recommend the CDGK to introduce boats and other related vehicles as their dedicated efforts have successfully converted the roads and lanes of the city into ponds and small lakes.
Published 09 Aug, 2006 12:00am
Umrah visa

Umrah visa

The Saudi government has imposed a ban on issuance of Umrah Visa to the persons below the age of 40. It is an unjustified and unfair impediment since every Muslim, regardless of his age, has an ambition to perform Haj or Umrah. It is a fundamental right o
Published 09 Aug, 2006 12:00am
Environmental degradation

Environmental degradation

According to reports by Suparco and the Economic Survey of Pakistan 2005-2006, air and water pollution levels in Karachi and Pakistani cities have crossed national and international environment quality standards and are the highest in the world and a seri
Published 09 Aug, 2006 12:00am
The orphans of Qana relive lost lives in Lebanon

The orphans of Qana relive lost lives in Lebanon

She has the look of someone completely lost, yet Hawra Hashem refuses to let go of the hope that her mother may still be alive under the debris. "Mother promised we would go for a picnic after the war, and when the bombs were falling she talked to us abou
Published 09 Aug, 2006 12:00am
Israel's failure to achieve its objectives

Israel's failure to achieve its objectives

It is impossible to speak of a Hizbollah victory' when nearly a thousand Lebanese civilians have been killed, thousands more injured, a million people internally displaced; and Lebanon's infrastructure, environment and economy laid to waste as the world w
Published 09 Aug, 2006 12:00am
Time to end telemetry controversy

Time to end telemetry controversy

It, indeed, is disheartening to learn from a Recorder Report that the water flow measurement controversy between Sindh and Balochistan remained unresolved as the representatives of both provinces boycotted the meeting convened by the Minister for Water an
Published 09 Aug, 2006 12:00am
'Know My Pakistan'

'Know My Pakistan'

Talking on Wednesday to the winners of an All Pakistan Website Development Competition centred on the theme "Know My Pakistan", President General Pervez Musharraf made two important observations, One was that we "must enhance the quality of our human reso
Published 09 Aug, 2006 12:00am
Mobilink revives Mehdi Hassan's song

Mobilink revives Mehdi Hassan's song

Mobilink, has creatively revived the all-time classic song of legendary maestro Mehdi Hasan 'Yeh Watan Tumhara Hai' as part of Pakistan's 59 Independence Day celebrations. The re-energised video of the memorable song captures the true essence of unity and
Published 09 Aug, 2006 12:00am
Rs 44 million to renovate Quaid's mazar approved

Rs 44 million to renovate Quaid's mazar approved

The 70th meeting of Quaid-e-Azam Mazar Management Board was held under the chairmanship of Makhdoom Faisal Saleh Hayat, Federal Minister for Environment/Chairman QMMB on Tuesday. The federal minister reviewed the overall performance of QMMB at the meeting
Published 09 Aug, 2006 12:00am
Samsung sponsors Pakistan for world cyber games

Samsung sponsors Pakistan for world cyber games

Samsung Electronics Pakistan in exclusive collaboration with Playdium.Net has sponsored World Cyber Games (WCG) for the second time for Professional E-sports Gaming in Pakistan.
Published 09 Aug, 2006 12:00am
Security plan for ITCN Asia reviewed

Security plan for ITCN Asia reviewed

Sindh Inspector General of Police (IGP) Jehangir Mirza has directed the Capital City Police Officer to make fool-proof security arrangements regarding the ITCN Asia - 2006 to be held at Karcahi Expo Centre from August 9.
Published 09 Aug, 2006 12:00am
Mirza Ikhtair Baig awarded

Mirza Ikhtair Baig awarded

Ijara Financing has awarded the Economist of Achievement Award, 2006, to Dr Mirza Ikhtair Baig, Chairman Baig Group of Companies and Honorary Consul General of Yemen in Karachi to acknowledge his contribution to the national and international economic pol
Published 09 Aug, 2006 12:00am
Women's expo at Lahore from September 8

Women's expo at Lahore from September 8

To highlight the image of women in the country's development efforts, a 'Women's Expo' will be held in Lahore from September 8 to 10, 2006 by 'Fourth Dimension Pvt Ltd' in collaboration with government, non-government organisations (NGOs), and corporate a
Published 09 Aug, 2006 12:00am
Skycargo creates buzz in local airfreight industry

Skycargo creates buzz in local airfreight industry

Emirates SkyCargo created a buzz in the local air freight industry when it carried a 14.5 tonne on its Boeing 747-F freighter. The assignment ran into problems and the unit could not be accommodated. Emirates SkyCargo was called to handle the assignment a
Published 09 Aug, 2006 12:00am
ICMAP's seminar on Riba held

ICMAP's seminar on Riba held

Islam not only prohibits and strongly condemns usury (Riba) but indulgence in interest based lending is paramount to declaration of war against Allah and Prophet (PBUH).
Published 09 Aug, 2006 12:00am
Surgical industry concerned over neglect

Surgical industry concerned over neglect

The Executive Committee of the Surgical Instrument Manufacturers Association of Pakistan, Sialkot (Simap), has expressed deep concern over the fact that the surgical industry is being overlooked completely by Government.
Published 09 Aug, 2006 12:00am
Over 260,000 housing units needed in Punjab: minister

Over 260,000 housing units needed in Punjab: minister

Provincial Minister for Housing and Urban Development, Syed Raza Ali Gillani has said that over 260,000 housing units are needed in the province and the government is not only utilising all available resources but also providing necessary facilities to th
Published 09 Aug, 2006 12:00am
Hope for enhanced Sino-Pak cultural, literary ties

Hope for enhanced Sino-Pak cultural, literary ties

A delegation of prominent Pakistani writers held here meeting with the members of Chinese Writers' Association (CWA) and expressed the hope that the two brotherly countries would further strengthen co-operative partnership, taking benefits of their past h
Published 09 Aug, 2006 12:00am
Alleged drug addict dies in police custody

Alleged drug addict dies in police custody

An accused arrested for keeping drugs died in police custody at the Mominabad police station late on Monday night. Nisar Ahmad, 35, was arrested on Sunday from Haryana Colony of Orangi Township and was to be produced in the court on Tuesday morning and wa
Published 09 Aug, 2006 12:00am
Death of Maulana Sherani's mother condoled

Death of Maulana Sherani's mother condoled

Senate Chairman Mohammedmian Soomro on Tuesday condoled with Amir Jamiat-e-Ulema-e-Islam and National Assembly member(MNA) Maulana Muhammad Khan Sherani over the death of his mother.
Published 09 Aug, 2006 12:00am
About 73,000 families to be benefitted from SRS

About 73,000 families to be benefitted from SRS

Dynamism of Chief Minister, Chaudhry Pervaiz Elahi coupled with the vision of President Pervez Musharraf and policies of Prime Minister, Shaukat Aziz have made Punjab a model welfare province.
Published 09 Aug, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (August 08, 2006) and the forecast for Wednesday (August 09, 2006).
Published 09 Aug, 2006 12:00am
US consulate official calls on Punjab chief secretary

US consulate official calls on Punjab chief secretary

Punjab Chief Secretary, Salman Siddique has said that Punjab was moving ahead economically because of its fiscal discipline. He was talking to the Principal Officer of the American Consulate, Bryan D. Hunt who called on him, here on Tuesday, disclosed an
Published 09 Aug, 2006 12:00am
New York cotton

New York cotton

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

Published 09 Aug, 2006 12:00am
Government committed for promoting Punjabi language: Elahi

Government committed for promoting Punjabi language: Elahi

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that Punjab Institute of Language, Art and Culture was playing an important role in the promotion of Punjabi language and spreading the message of love and peace of Sufi-poets in the society
Published 09 Aug, 2006 12:00am
New York cotton

New York cotton

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

Published 09 Aug, 2006 12:00am
We are Musharraf's team: Sarki

We are Musharraf's team: Sarki

Sindh Inter-Provincial Co-ordination Minister Dr Sohrab Khan Sarki has expressed faith in the leadership of President General Pervez Musharraf, and said Pakistan Muslim League-Q will win the next elections with a clear majority.
Published 09 Aug, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Moot to train police officers concludes

Moot to train police officers concludes

The two-day training workshop for police officers jointly sponsored by the Citizen Police Liaison Committee (CPLC) and National Council for Human Rights (NCHR) concluded on Monday.
Published 09 Aug, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
NBP starts receiving Haj applications

NBP starts receiving Haj applications

The National Bank of Pakistan has started receiving application for regular Haj scheme 2006. Talking to newsmen, NBP regional business chief, Muhammad Aslam Mirza said the bank had taken measures to facilitate the intending pilgrims. He said the NBP branc
Published 09 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 09 Aug, 2006 12:00am
RCCI polls in September

RCCI polls in September

The Rawalpindi Chamber of Commerce and Industry (RCCI) will hold elections for its 11 Executive Committee seats in mid of September. The RCCI Public Relations Officer (PRO), Qaiser Satti told APP here that those eleven executive committee members, includi
Published 09 Aug, 2006 12:00am
PML splits over Nazim nomination

PML splits over Nazim nomination

Ruling Pakistan Muslim League is divided into three factions over the issue of bringing no-confidence motion against pro-PPP District Nazim, Abdul Qayyum Jatoi and nomination of a new district nazim for Muzaffargarh.
Published 09 Aug, 2006 12:00am
Power loom sector Appla team to meet Salman

Power loom sector Appla team to meet Salman

A delegation of All Pakistan Power Looms Association (Appla) will soon call on Dr Salman Shah, Adviser to the Prime Minister, to present the grievances faced by the power loom sector.
Published 09 Aug, 2006 12:00am
IDCs to manage industrial areas

IDCs to manage industrial areas

Infrastructure Development Companies (IDCs) have been formed in four industrial areas in Korangi, Landhi, Federal 'B'Area, and North Karachi Industrial Estates under section 42 of Companies Ordinance 1984 to undertake orderly, planned and rapid industrial
Published 09 Aug, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Meeting reviews situation arising after rains

Meeting reviews situation arising after rains

The situation arising after recent rains in Karachi and other parts of the province and the steps to be taken in the wake of possible flood threat were reviewed at a high level meeting held at Governor House on Monday with Governor Ishrat-ul-Ibad in the c
Published 09 Aug, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (August 08, 2006) and for Wednesday (August 09, 2006).
Published 09 Aug, 2006 12:00am
Chinese firms to start coal exploration in Sindh

Chinese firms to start coal exploration in Sindh

As many as three Chinese companies are due to arrive here next month to start work on coal exploration and setting up of 200MW coal-fired power plants at Thar and Sonda-Jherruk, Thatta district in Sindh.
Published 09 Aug, 2006 12:00am
Population health survey to be launched

Population health survey to be launched

The National Institute of Population Studies (NIPS) will launch 'Pakistan Demographic and Health Survey' (PDHS) 2006-07. Population Welfare Minister Shahbaz Hussain will inaugurate the launching ceremony on Wednesday, sources told Business Recorder </i
Published 09 Aug, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
US to provide over $41 million for public health

US to provide over $41 million for public health

The United States and Pakistan signed dollar 41.8 million agreement to fund critical health programmes to improve the lives and well being of the Pakistani people over the coming year.
Published 09 Aug, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
84 uplift projects for Rawal town

84 uplift projects for Rawal town

Rawal Town District Assembly on Monday approved Rs 33.966 million annual development programme (ADP) for 2006-07 and Rs 50.179 million Chief Minister Development Package.
Published 09 Aug, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Bringing marginalised people into main stream a challenge

Bringing marginalised people into main stream a challenge

Pakistan is facing challenge in bringing the marginalised people and backward regions into main stream of development. This challenge will be addressed in PRSP-II, which has started a dialogue process with the poor, development partners, provincial govern
Published 09 Aug, 2006 12:00am
Punjab leads PRSP third quarter expenditures

Punjab leads PRSP third quarter expenditures

The largest proportion of Poverty Reduction Strategy Paper (PRSP) expenditures was made by Punjab (34.5 percent), followed by Federal Government (28.4 percent), Sindh (17.5 percent), NWFP (13.5 percent) and Balochistan (6.1 percent) during Q3 FY06.
Published 09 Aug, 2006 12:00am
Computer accessories import declines by 25 percent

Computer accessories import declines by 25 percent

The country's PC/server shipments have declined by at least 25 percent in the month of July as compared to previous month due to the 15 percent GST imposed in the federal budget 2006.
Published 09 Aug, 2006 12:00am
THE RUPEE: dollar rates stay put in interbank

THE RUPEE: dollar rates stay put in interbank

Firm trend was witnessed in the interbank market on Tuesday as the rupee-dollar parity rates were mostly unchanged at 60.30 and 60.31 for buying and selling, respectively.
Published 09 Aug, 2006 12:00am
Power supply to 95 percent of Mardan restored

Power supply to 95 percent of Mardan restored

Peshawar Electricity Supply Company (Pesco) has restored 95 percent electricity supply in the flood-hit Mardan city. The company has sustained millions of rupees loss in the affected area and about 100 transformers, more than 200 poles and hundreds of kil
Published 09 Aug, 2006 12:00am
THE RUPEE: dollar rates stay put in interbank

THE RUPEE: dollar rates stay put in interbank

Firm trend was witnessed in the interbank market on Tuesday as the rupee-dollar parity rates were mostly unchanged at 60.30 and 60.31 for buying and selling, respectively.
Published 09 Aug, 2006 12:00am
Pakistan gets $1.498 billion World Bank loan in fiscal year 2006

Pakistan gets $1.498 billion World Bank loan in fiscal year 2006

The World Bank's lending commitment to South Asian region reached $3.8 billion during the financial year 2006 ended on June. Pakistan was among the 10 major borrowers of the Bank, receiving $1.498 billion or 6.3 percent share of total $23.6 billion commit
Published 09 Aug, 2006 12:00am
More rains forecast during 10 days

More rains forecast during 10 days

Meteorological Department Director Chaudhry Qamar-u-Zaman on Tuesday forecast more rainfall during next 10 days throughout the country. Talking with private TV channel, he said in next three days more rain is expected in Sindh and Balochistan provinces.
Published 09 Aug, 2006 12:00am
Floods wash away 300 houses in Malakand

Floods wash away 300 houses in Malakand

Torrential floods has washed away more than 300 houses claiming three deaths and destroyed standing crops inflicting millions of rupees loss in different parts of Malakand Agency.
Published 09 Aug, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 09 Aug, 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 09 Aug, 2006 12:00am
Strategy evolved to rapidly enhance exports

Strategy evolved to rapidly enhance exports

The government has evolved an affective export strategy to boost up country's exports concentrating on new areas of production besides adopting new initiatives and exploiting the advantages created due to ending of quota system.
Published 09 Aug, 2006 12:00am
FM radio licence for traffic police planned

FM radio licence for traffic police planned

The first meeting of the newly appointed members of the Pakistan Electronic Media Regulatory Authority (Pemra) was held at their headquarters here on Tuesday. The new authority members have recently been appointed for a term of four years.
Published 09 Aug, 2006 12:00am
Programme to eradicate blindness prepared

Programme to eradicate blindness prepared

Federal Health Minister Muhammad Naseer Khan said on Tuesday the government had prepared a comprehensive programme to eradicate blindness as every individual had the right to sight. Inaugurating the Opthamology Department at the Pakistan Institute of Medi
Published 09 Aug, 2006 12:00am
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