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Print - 2006-08-09
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
Paper Clearing - The Next Step

Paper Clearing - The Next Step

In early 90s it was felt that the prevalent manual clearing system to clear banking instruments was in adequate to meet the needs of growing financial sector of the country, by 1995 major banks of Pakistan had embarked on a enterprising project of install
Published 09 Aug, 2006 12:00am
Strict monitoring of cooking oil prices starts

Strict monitoring of cooking oil prices starts

The government has started strict monitoring of ghee and cooking oil prices in the wholesale market to arrest the rising trend in the wake of increase in palm oil prices at international level, official sources told Business Recorder.
Published 09 Aug, 2006 12:00am
Training course

Training course

Directorate General of Customs Valuation and the Post Clearance Audit (PCA) has conducted a training course for its officials at customs house Karachi, last week. Reputed instructors from Institute of Chartered Accountants of Pakistan (ICAP) and Institute
Published 09 Aug, 2006 12:00am
Strict monitoring of cooking oil prices starts

Strict monitoring of cooking oil prices starts

The government has started strict monitoring of ghee and cooking oil prices in the wholesale market to arrest the rising trend in the wake of increase in palm oil prices at international level, official sources told Business Recorder.
Published 09 Aug, 2006 12:00am
NBP to sell stakes in Saudi bank

NBP to sell stakes in Saudi bank

The National of Bank of Pakistan (NBP) hopes to divest its stake in Saudi-based Al Jazira Bank within three months and at a discounted price, a top official said on Tuesday. The sale would cash in on a 10-fold rise in Al Jazira Bank's share price since 20
Published 09 Aug, 2006 12:00am
NBP to sell stakes in Saudi bank

NBP to sell stakes in Saudi bank

The National of Bank of Pakistan (NBP) hopes to divest its stake in Saudi-based Al Jazira Bank within three months and at a discounted price, a top official said on Tuesday. The sale would cash in on a 10-fold rise in Al Jazira Bank's share price since 20
Published 09 Aug, 2006 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Aug, 2006 12:00am
NBP to sell stakes in Saudi bank

NBP to sell stakes in Saudi bank

The National of Bank of Pakistan (NBP) hopes to divest its stake in Saudi-based Al Jazira Bank within three months and at a discounted price, a top official said on Tuesday. The sale would cash in on a 10-fold rise in Al Jazira Bank''s share price since 2
Published 09 Aug, 2006 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 09 Aug, 2006 12:00am
24 killed in Baghdad violence

24 killed in Baghdad violence

Bombings and shooting killed at least 24 people and wounded 80 in Baghdad on Tuesday as a previous raid by US and Iraqi troops into a Shia militia stronghold stoked political controversy.
Published 09 Aug, 2006 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
24 killed in Baghdad violence

24 killed in Baghdad violence

Bombings and shooting killed at least 24 people and wounded 80 in Baghdad on Tuesday as a previous raid by US and Iraqi troops into a Shia militia stronghold stoked political controversy.
Published 09 Aug, 2006 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Pakistan and Egypt to further promote bilateral ties

Pakistan and Egypt to further promote bilateral ties

Pakistan and Egypt decided to further promote their bilateral relations and agreed to convene 2nd Joint Ministerial Commission meeting in Islamabad before the year end to speed up the process of setting up a Joint Business Council.
Published 09 Aug, 2006 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Human traffickers list handed over to Iran

Human traffickers list handed over to Iran

Pakistan had handed over a list of human traffickers to Iran, while Iran assured Pakistan that no one from Balochistan Liberation Army (BLA) would take refuge there as the organisation had been banned by the Government of Pakistan, said Interior Secretary
Published 09 Aug, 2006 12:00am
Duty, sales tax relief on bovine animals 'Halal' edible offal

Duty, sales tax relief on bovine animals 'Halal' edible offal

The Central Board of Revenue (CBR) has exempted 'Halal' edible offal of bovine animals from payment of customs duty and sales tax from May 9, 2005. The Board on Tuesday issued an SRO to ensure smooth clearance of the item at the ports.
Published 09 Aug, 2006 12:00am
Duty, sales tax relief on bovine animals 'Halal' edible offal

Duty, sales tax relief on bovine animals 'Halal' edible offal

The Central Board of Revenue (CBR) has exempted 'Halal' edible offal of bovine animals from payment of customs duty and sales tax from May 9, 2005. The Board on Tuesday issued an SRO to ensure smooth clearance of the item at the ports.
Published 09 Aug, 2006 12:00am
Private universities also to get HEC funding

Private universities also to get HEC funding

A regular mechanism of formal interaction between Higher Education Commission (HEC) and public sector universities will be defined to create a line of communication between the two. This was decided at a meeting of vice chancellors and rectors of these in
Published 09 Aug, 2006 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Aslam Baig appointed as distinguished professor

Aslam Baig appointed as distinguished professor

Dr Muhammad Aslam Baig, professor of Physics at the Quaid-e-Azam University, Islamabad has been appointed as the Distinguished National Professor by the Higher Education Commission.
Published 09 Aug, 2006 12:00am
All accused in Turabi murder case arrested: Sherpao

All accused in Turabi murder case arrested: Sherpao

Federal Interior Minister Aftab Ahmed Khan Sherpao has said the law-enforcement agencies have arrested all high profile criminals linked to Allama Hassan Turabi murder case.
Published 09 Aug, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 08, 2006).
Published 09 Aug, 2006 12:00am
Protests and verbal clashes in National Assembly

Protests and verbal clashes in National Assembly

Protests, verbal clashes and Gherao marred the National Assembly proceedings on Tuesday when women parliamentarians introduced three different bills to protect a large segment of society from domestic violence.
Published 09 Aug, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Government slammed for failure to cope with floods devastation

Government slammed for failure to cope with floods devastation

The Senate on Tuesday decried the absence of an effective warning, monitoring and crisis management system, leading to several deaths and colossal loss to property and standing crops due to floods in different parts of the country.
Published 09 Aug, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Short-sighted and visionless policies are invariably bound to backfire. Their lifespan may, however, be of varying lengths depending upon who forms them, for whom and with what reference and effect. This is what the history, a nature's guide for humankind
Published 09 Aug, 2006 12:00am
'Foreign students in madrasas to be expelled'

'Foreign students in madrasas to be expelled'

Pakistan will expel around 300 foreign students from Islamic seminaries in the country if they failed to get permission from their governments to stay, a senior official said on Tuesday.
Published 09 Aug, 2006 12:00am
Kashmiris to observe Black Day on August 15

Kashmiris to observe Black Day on August 15

In occupied Kashmir senior Kashmir Hurriyat leader Syed Ali Gilani has appealed the people to observe Indian Independence Day as Black Day and also mark the day with total strike to demonstrate that they do not want to live under Indian occupation.
Published 09 Aug, 2006 12:00am
Sell-off process fetched Rs 149.05 billion in 5 years

Sell-off process fetched Rs 149.05 billion in 5 years

The government received Rs 149.05 billion through privatisation of public units during the last five years out of which 90 percent was paid to retire debt and the rest alleviate poverty.
Published 09 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Haj fare raise slammed

Haj fare raise slammed

Members of National Assembly on Tuesday took critical view of the 7 percent raise in fares on Haj flights by Pakistan International Airlines, giving opposition a pretext to stage a walkout, demanding immediate withdrawal of the raise.
Published 09 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
SingTel to provide IP-VPN coverage in Karachi

SingTel to provide IP-VPN coverage in Karachi

Singapore Telecommunications Ltd (SingTel) said on Tuesday it has entered into an agreement with Cybernet of Pakistan to provide Internet Protocol-Virtual Private Network (IP-VPN) coverage in Karachi.
Published 09 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
Protest against Israel

Protest against Israel

The Pakistan People's Party Parliamentarian (PPPP) Human Rights Committee held a rally here on Tuesday to protest Israeli aggression against Lebanon. The rally, which started from the Lahore High Court Bar Association (LHCBA) premises, terminated at the m
Published 09 Aug, 2006 12:00am
Senator regrets being a member of House

Senator regrets being a member of House

A lawmaker of the ruling Pakistan Muslim League on the floor of the Senate on Tuesday regretted opting for the upper house membership, and not being member of the Balochistan assembly.
Published 09 Aug, 2006 12:00am
Telenor's fun photo competition on August 14

Telenor's fun photo competition on August 14

Telenor Pakistan has invited its customers to share their Independence Day celebrations by sending a 'fun photo' on how they celebrate their freedom. All Telenor Pakistan customers can participate by sending their entries via MMS to 222.
Published 09 Aug, 2006 12:00am
ICG president meets Salman

ICG president meets Salman

The President and the Chief Executive Officer of the International Crisis Group Gareth Evans and Dr Samina Ahmed, the South Asia Project Director called on Dr Salman Shah, Advisor to the Prime Minister on Finance, Revenue, Economic Affairs and statistics
Published 09 Aug, 2006 12:00am
IFC signs accord with PBC to promote private sector

IFC signs accord with PBC to promote private sector

The International Finance Corporation (IFC), the private sector arm of the World Bank, has signed on Tuesday a partnership agreement with the Pakistan Business Council (PBC) to assist it in becoming an influential think-tank and advocate for the country's
Published 09 Aug, 2006 12:00am
50 percent Site industrial area without power

50 percent Site industrial area without power

Site Association of Industry (SAI) Chairman, Ameen Bandukda has condemned the attitude of Karachi Electric Supply Corporation, as KESC spokesman claimed that there was no power problem being faced by the industry and stated that everything was working fin
Published 09 Aug, 2006 12:00am
Founders Group form bodies for LCCI polls

Founders Group form bodies for LCCI polls

Founders Group have formed two committees for forthcoming Lahore Chamber of Commerce and Industry (LCCI) elections here on Tuesday. The Committee for Chamber class consists of Mian Mohammad Ashraf, Mohsin Raza Bokhari, Mian Misbah-ur-Rehman, Abdul Basit a
Published 09 Aug, 2006 12:00am
UHS websites inaugurated

UHS websites inaugurated

The University of Health Sciences (UHS) has launched separate websites of its affiliated medical and dental colleges. These websites of 12 public and private sector colleges were inaugurated by UHS Board of Governors Chairman Professor Dr Mahmood Ahmed an
Published 09 Aug, 2006 12:00am
Air chief visits corps Headquarters

Air chief visits corps Headquarters

Chief of Air Staff, Air Chief Marshal Tanveer Mahmood Ahmed visited the Corps Headquarters here on Tuesday, and met Corps Commander Lieutenant General Shafaatullah Shah in his office. They exchanged views on matters pertaining to the state of preparedness
Published 09 Aug, 2006 12:00am
Wapda results

Wapda results

Wapda National Transmission and Dispatch Company (NTDC) has selected the candidates having following roll numbers for induction as junior Engineers/Assistant Managers on contract basis:
Published 09 Aug, 2006 12:00am
Rally against poor admission arrangements

Rally against poor admission arrangements

A group of students who intend to take admission in undergraduate and postgraduate courses in various departments/institutes and constituted colleges of the Punjab University (PU) on Tuesday held a demonstration in front of vice-chancellor's office to pro
Published 09 Aug, 2006 12:00am
LPG distributors seek duty relief

LPG distributors seek duty relief

LPG Distributors Association Pakistan Chairman Muhammad Irfan Khokhar has urged the government to remove duty levied on the distributors. Talking to media persons here on Tuesday, he said if the government failed to take pragmatic measures, the LPG prices
Published 09 Aug, 2006 12:00am
PPCBL to provide Rs 0.2 million loan to women

PPCBL to provide Rs 0.2 million loan to women

Punjab Provincial Co-operative Bank Limited (PPCBL) is issuing loans of Rs 200,000 to women co-operative societies to ensure participation of women in national development. PPCBL General Manager Raja Allah Bukhsh stated this at a briefing given to Co-oper
Published 09 Aug, 2006 12:00am
Total Parco holds prize distribution ceremony

Total Parco holds prize distribution ceremony

The Total Parco Pakistan Ltd (TPPL) held a prize distribution for two of its in-house training campaigns 'Forecourts in Bloom' and 'Rest Room Cleanliness' at a filling station at Garden Town on Tuesday.
Published 09 Aug, 2006 12:00am
Illegal bus terminals threaten environment

Illegal bus terminals threaten environment

The widespread net of unchecked illegal inter-city bus terminals is posing serious threat to environment, besides worsening the already clogged traffic in the metropolis.
Published 09 Aug, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Aug, 2006 12:00am
'Basic facilities to Sindh villages will be ensured by year-end'

'Basic facilities to Sindh villages will be ensured by year-end'

Sindh government will ensure that water, power and health facilities are available, by the end of the current fiscal year, to all important 22,500 villages in the province. A spokesman of the Sindh Chief Minister House told Business Recorder on Tue
Published 09 Aug, 2006 12:00am
Phone lines on Abdullah Haroon road out of order

Phone lines on Abdullah Haroon road out of order

The telephone lines affected in the Abdullah Haroon Road including those of the country's oldest news agency of the private sector, United Press of Pakistan, continued to be out of order, reports UPP.
Published 09 Aug, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (August 08, 2006).

Published 09 Aug, 2006 12:00am
KESC assures trade bodies of grievances resolution

KESC assures trade bodies of grievances resolution

Karachi Electric Supply Corporation Chief Executive Officer, Frank Scherschmidt has contacted the leadership of Karachi Chamber of Commerce and Industry (KCCI) and assured that their grievances would be redressed.
Published 09 Aug, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Aug, 2006 12:00am
DHA clarifies role during rains

DHA clarifies role during rains

The Defence Housing Authority (DHA) has clarified its role in the wake of rains in the city. A statement issued here on Tuesday said that some reports have appeared in a section of press undermining the role of DHA during the current devastating spell of
Published 09 Aug, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Aug, 2006 12:00am
Nadra and UNHCR sign contract to register Afghans

Nadra and UNHCR sign contract to register Afghans

The National Database and Registration Authority (Nadra) and the United Nations High Commissioner for Refugees (UNHCR) have signed a contract for the registration of Afghan nationals in Pakistan to be conducted later this year. This contract follows the M
Published 09 Aug, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Aug, 2006 12:00am
Blindness causes loss of Rs 50 billion

Blindness causes loss of Rs 50 billion

With blindness caused an estimated annual financial loss of Rs 50 billion to national economy, the government has evolved a comprehensive programme to eradicate blindness from the country. There are around 2 million blind people in the country out of whic
Published 09 Aug, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (August 08, 2006).

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
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
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