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Print - 2006-08-17
PTEA concerned over decline in exports

PTEA concerned over decline in exports

Pakistan Textile Exporters Association (PTEA) Chairman, Rana Arif Tauseef has expressed concern over 4 percent decline in the exports in July 2006, despite Rs 180 billion investment in machinery import and infrastructure last fiscal year. talking to newsm
Published 17 Aug, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
Banks given August 31 deadline to complete arrangements

Banks given August 31 deadline to complete arrangements

The State Bank of Pakistan (SBP) has decided to allow further extension to all the banks for completion of proper arrangements/formalities for depositing utility bills up to August 31, 2006.
Published 17 Aug, 2006 12:00am
Banks given August 31 deadline to complete arrangements

Banks given August 31 deadline to complete arrangements

The State Bank of Pakistan (SBP) has decided to allow further extension to all the banks for completion of proper arrangements/formalities for depositing utility bills up to August 31, 2006.
Published 17 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
Banks given August 31 deadline to complete arrangements

Banks given August 31 deadline to complete arrangements

The State Bank of Pakistan (SBP) has decided to allow further extension to all the banks for completion of proper arrangements/formalities for depositing utility bills up to August 31, 2006.
Published 17 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
Import of 340 items from India to be allowed at suitable time

Import of 340 items from India to be allowed at suitable time

Pakistan is anxiously waiting for a suitable time to allow import of 340 items from India, official sources told Business Recorder here on Wednesday. The sources said commerce ministry has finalised the list and the summary is ready for the Economi
Published 17 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
Import of 340 items from India to be allowed at suitable time

Import of 340 items from India to be allowed at suitable time

Pakistan is anxiously waiting for a suitable time to allow import of 340 items from India, official sources told Business Recorder here on Wednesday. The sources said commerce ministry has finalised the list and the summary is ready for the Economi
Published 17 Aug, 2006 12:00am
Import of 340 items from India to be allowed at suitable time

Import of 340 items from India to be allowed at suitable time

Pakistan is anxiously waiting for a suitable time to allow import of 340 items from India, official sources told Business Recorder here on Wednesday. The sources said commerce ministry has finalised the list and the summary is ready for the Economi
Published 17 Aug, 2006 12:00am
ANF searching baggage even after green channel

ANF searching baggage even after green channel

The Anti-Narcotics Force (ANF) officials have started searching the baggage of the incoming passengers at the Islamabad airport a week after the Prime Minister's announcement of activating 'green channel' facility for the international flights.
Published 17 Aug, 2006 12:00am
ANF searching baggage even after green channel

ANF searching baggage even after green channel

The Anti-Narcotics Force (ANF) officials have started searching the baggage of the incoming passengers at the Islamabad airport a week after the Prime Minister's announcement of activating 'green channel' facility for the international flights.
Published 17 Aug, 2006 12:00am
ANF searching baggage even after green channel

ANF searching baggage even after green channel

The Anti-Narcotics Force (ANF) officials have started searching the baggage of the incoming passengers at the Islamabad airport a week after the Prime Minister''s announcement of activating ''green channel'' facility for the international flights.
Published 17 Aug, 2006 12:00am
Lakhra power plant not yet leased out despite President's orders

Lakhra power plant not yet leased out despite President's orders

The Water and Power Development Authority (Wapda) has defied President General Pervez Musharraf's orders by not finalising terms and conditions to lease out Lakhra Power Plant in Sindh to Associated Group, a Lahore-based private sector company.
Published 17 Aug, 2006 12:00am
Lakhra power plant not yet leased out despite President's orders

Lakhra power plant not yet leased out despite President's orders

The Water and Power Development Authority (Wapda) has defied President General Pervez Musharraf's orders by not finalising terms and conditions to lease out Lakhra Power Plant in Sindh to Associated Group, a Lahore-based private sector company.
Published 17 Aug, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Aug, 2006 12:00am
Lakhra power plant not yet leased out despite President''s orders

Lakhra power plant not yet leased out despite President''s orders

The Water and Power Development Authority (Wapda) has defied President General Pervez Musharraf''s orders by not finalising terms and conditions to lease out Lakhra Power Plant in Sindh to Associated Group, a Lahore-based private sector company.
Published 17 Aug, 2006 12:00am
PIAF-Founder set to sweep LCCI elections

PIAF-Founder set to sweep LCCI elections

Race for the forthcoming annual elections of the Lahore Chamber of Commerce and Industry (LCCI) has kicked off and this year the PIAF-Founder Alliance is all set to sweep the elections again.
Published 17 Aug, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
Punjabi FM radio channel soon

Punjabi FM radio channel soon

The Punjab Institute of Language Art & Culture (PILA&C) intends to start a non-stop 24-hour transmission through its own FM Punjabi radio channel very soon. For this purpose FM Punjab section was being set up.
Published 17 Aug, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Aug, 2006 12:00am
PHDEB Lahore export centre plan in doldrums

PHDEB Lahore export centre plan in doldrums

The establishment of export centre, close to Lahore airport with enough space to facilitate and ensure grading, packing and warehousing facilities for expeditious export of fruits and vegetables, appears to have been derailed, according to official source
Published 17 Aug, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Aug, 2006 12:00am
15,000 move to safer places

15,000 move to safer places

More than 15000 persons have moved away from the Katcha areas along the river Indus in Thatta district following alert issued by the district authorities.
Published 17 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 17 Aug, 2006 12:00am
Traffic police manhandles Business Recorder staffer

Traffic police manhandles Business Recorder staffer

The traffic police in line with their traditional attitude manhandled yet another journalist here on Wednesday. According to the details, a reporter of Business Recorder Azhar Ali Khan went to a bank branch at M A Jinnah Road leaving his motorbike
Published 17 Aug, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Aug, 2006 12:00am
Last chance to complete pedestrian bridges

Last chance to complete pedestrian bridges

City District Government Karachi (CDGK) has given a last opportunity to private firms to complete the construction of pedestrian bridges being built on Built, Operate, Transfer (BOT) basis in the metropolis, within the stipulated period.
Published 17 Aug, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
NRL earning may fall 4 percent

NRL earning may fall 4 percent

The earning of the National Refinery Limited (NRL) in the year ended June 30, 2006 is likely to decline four percent over the preceding year due to relatively low refining margins during the fiscal year.
Published 17 Aug, 2006 12:00am
NRL earning may fall 4 percent

NRL earning may fall 4 percent

The earning of the National Refinery Limited (NRL) in the year ended June 30, 2006 is likely to decline four percent over the preceding year due to relatively low refining margins during the fiscal year.
Published 17 Aug, 2006 12:00am
Women expo in Lahore from September 8

Women expo in Lahore from September 8

After receiving overwhelming success in Karachi, the 'Women's Expo' will now be organised at Fortress Expo Centre in Lahore from September 8 to 10. The first Women's Expo, held in Karachi last April, was attended by more than 0.3 million women.
Published 17 Aug, 2006 12:00am
Zero-rated sales tax: APPLA demands early issuance of notification

Zero-rated sales tax: APPLA demands early issuance of notification

The All Pakistan Power Looms Association (APPLA) has demanded immediate issuance of the notification for zero-rated sales tax on pending cases of registered units and the electricity and gas bills of small textile units be allowed zero-rated sales tax.
Published 17 Aug, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
NWFP for writing off taxes, loans of flood victims

NWFP for writing off taxes, loans of flood victims

The provincial cabinet of NWFP on Wednesday decided to move federal government for writing off the taxes and loans of the residents of the flood hit districts of the province. The provincial government would also exempt them of taxes through declaring it
Published 17 Aug, 2006 12:00am
Punjab University warning

Punjab University warning

The Punjab University has warned against institutions offering admissions in their illegal campuses within its jurisdiction. A PU spokesman said that the territorial jurisdiction of the varsity comprised Islamabad, Lahore division, Gujranwala, Faisalabad,
Published 17 Aug, 2006 12:00am
Fellowship programmes

Fellowship programmes

The International Centre for Chemical Sciences (ICCS), University of Karachi, has signed an agreement of collaboration with the Academy of Sciences for the Developing World (ASDW) to establish two joint fellowship programmes.
Published 17 Aug, 2006 12:00am
THE RUPEE: slight gain in open market

THE RUPEE: slight gain in open market

Slight recovery was seen in the open market on Wednesday as the rupee posted three paisa gain versus the dollar for buying and selling at 60.47 and 60.52, respectively.
Published 17 Aug, 2006 12:00am
Establishment of utility stores in tribal areas ordered

Establishment of utility stores in tribal areas ordered

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has directed for preparation of a complete plan of action to establish a reasonable network of utility stores in all the tribal agencies and frontier regions of Fata to enable the respectiv
Published 17 Aug, 2006 12:00am
THE RUPEE: slight gain in open market

THE RUPEE: slight gain in open market

Slight recovery was seen in the open market on Wednesday as the rupee posted three paisa gain versus the dollar for buying and selling at 60.47 and 60.52, respectively.
Published 17 Aug, 2006 12:00am
PPPP may file FIR against Prime Minister today

PPPP may file FIR against Prime Minister today

Pakistan Peoples' Party Parliamentarians is expected to file an FIR against Prime Minister Shaukat Aziz on Thursday, holding him squarely responsible for 'gross omissions and commissions' in the Pakistan Steel Mills' sell-off process.
Published 17 Aug, 2006 12:00am
Opposition prepares draft for no-confidence motion

Opposition prepares draft for no-confidence motion

Combined opposition on Wednesday prepared a draft of the charge-sheet for moving a no-trust motion against Prime Minister Shaukat Aziz, seeking his removal for Pakistan Steel Mills' sell-off fiasco, his failure to take action against stock brokers and act
Published 17 Aug, 2006 12:00am
Prime Minister highlights importance of peace

Prime Minister highlights importance of peace

Prime Minister Shaukat Aziz on Wednesday said the elements trying to disrupt peace in the country from time to time are the enemies of Islam and Pakistan.
Published 17 Aug, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
CMTI asked to make courses easy for youths

CMTI asked to make courses easy for youths

Federal Minister for Communication Muhammad Shamim Siddiqui has asked the Construction Machinery Training Institute (CMTI) to make the training courses easy to provide better training to youths to help eradicate unemployment from country.
Published 17 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 16, 2006).

Published 17 Aug, 2006 12:00am
New dams' need stressed to improve ground water availability

New dams' need stressed to improve ground water availability

There is a great need of building new dams to improve ground water availability and to recycle the polluted water to make useful for irrigation, said Dr Sarfraz K Qureshi, Former Director, Pakistan Institute of Development Economics (PIDE).
Published 17 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 17, 2006.

Published 17 Aug, 2006 12:00am
Intellectual property has significance for socio-economic uplift: Salman

Intellectual property has significance for socio-economic uplift: Salman

Advisor to Prime Minister on Finance and Economic Affairs Dr Salman Shah said on Wednesday that intellectual property is critical for a competitive economy as it has a special significance for socio-economic development in the ongoing globalisation moveme
Published 17 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 17, 2006.

Published 17 Aug, 2006 12:00am
Income tax officers strike: no agreement in sight

Income tax officers strike: no agreement in sight

The strike of the income tax officers in the twin cities of Islamabad and Rawalpindi entered into ninth day with no agreement in sight. They demanded inclusion of the regional commissionerates in the double pay package notification recently issued by the
Published 17 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 17, 2006.

Published 17 Aug, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 16, 2006) and for Thursday (August 17, 2006).
Published 17 Aug, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 16, 2006).

Published 17 Aug, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Tuesday proved to be another opposition's day both in the National Assembly and the Senate. After the Independence Day break, the opposition members looked grittier to bank on the opportunity the Supreme Court detailed verdict in Pakistan Steel Mills priv
Published 17 Aug, 2006 12:00am
100,775 villages electrified by June

100,775 villages electrified by June

Federal Minister for Water and Power, Liaqat Ali Jatoi told The National Assembly on Wednesday that there are 1,00,775 villages out of 1,27,568, which have been electrified by June 2006.
Published 17 Aug, 2006 12:00am
Children reunite with parents

Children reunite with parents

National Highways & Motorway police have reunited four lost children with their parents, says a press release issued on Wednesday. The Motorway police found four children from different locations during their routine patrolling.
Published 17 Aug, 2006 12:00am
Gulf Air to expand activities in region

Gulf Air to expand activities in region

Gulf Air - the national carrier of Sultanate of Oman is looking for expanding its activities in the region to improve its business to strengthen the country's economy, said ambassador of Oman to Pakistan, Mohammed Bin Said Bin Mohammed Al-Lanati, in a pre
Published 17 Aug, 2006 12:00am
A victory for Hizbollah, Syria and Iran

A victory for Hizbollah, Syria and Iran

You have to be down in Beirut with the Hizbollah amid this terrifying destruction--way south of the Litani river, in the territory from which Israel once vowed to expel them--to realise the nature of the past month of war and of its enormous political sig
Published 17 Aug, 2006 12:00am
Recriminations in Israel after Lebanon ceasefire

Recriminations in Israel after Lebanon ceasefire

Bitter infighting has erupted within the Israeli ruling elite following the implementation of the ceasefire in Lebanon on Monday. The inability of the Israeli military to destroy Hezbollah despite its ferocious month-long bombardment has been widely regar
Published 17 Aug, 2006 12:00am
'Ghost entities on Sales Tax roster': CBR clarification

'Ghost entities on Sales Tax roster': CBR clarification

The Central Board of Revenue has communicated the following clarification in response to the editorial titled "Ghost entities on Sales Tax roster", published in the Business Recorder dated 16th August 2006.
Published 17 Aug, 2006 12:00am
Crafting right policies

Crafting right policies

In spite of criticism being levelled by many politicians, I agree with President Musharraf when he says that three rebel Baloch Sardars have been pampered unnecessarily for 40 years, though they have been hurting their own people and the nation as well.
Published 17 Aug, 2006 12:00am
Appeal against winding up of ICP

Appeal against winding up of ICP

ICP is an autonomous body and has reportedly earned more than Rs 430 million profit during the FY 2005-06. Winding up of such a profitable institution is not a wise decision in any case. It has also been reported that some of the shareholders of ICP have
Published 17 Aug, 2006 12:00am
A surprise indeed

A surprise indeed

As per PTV Khabarnama on August 10th, the Prime Minister met a large group of Muslim Leaguers and explained to them the mission, vision and philosophy of the Quaid-i-Azam. Some showed surprise but it was speechless! Interestingly, those who spoke and led
Published 17 Aug, 2006 12:00am
Doctor leaves towel in woman's abdomen during operation

Doctor leaves towel in woman's abdomen during operation

A woman has alleged that a female surgeon left a towel in her abdomen during caesarean delivery at a private hospital in Lahore on February 16, 2006. Later, the same surgeon demanded Rs 40,000 for removing the towel.
Published 17 Aug, 2006 12:00am