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Print - 2006-08-24
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Initial closing of JS Equity Fund-I announced

Initial closing of JS Equity Fund-I announced

The JS Group and the International Finance Corporation (IFC) on Wednesday announced the initial closing of JS Private Equity Fund-I and raised 70 million dollar, including 20 million dollar from IFC in this private equity fund to invest in high-potential
Published 24 Aug, 2006 12:00am
Blast hits gas supply to Uch power plant

Blast hits gas supply to Uch power plant

Gas supply to Uch Power Plant near Dera Murad Jamali (Nasirabad district) was suspended in an explosion Tuesday-Wednesday night. According to details, unknown terrorists blew up 24 inch dia gas pipeline supplying gas to Uch Power Plant from Uch gas field
Published 24 Aug, 2006 12:00am
EDOs urged to promote iodine consumption in NWFP

EDOs urged to promote iodine consumption in NWFP

NWFP Minister for Health Inayatullah on Wednesday directed all executives district health officers (EDOs) to chalk out comprehensive plans for mobilising society to effectively promote iodine consumption and prevent diseases caused due to iodine deficienc
Published 24 Aug, 2006 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Two-way trading was seen in the currency market on Wednesday as the State Bank of Pakistan (SBP) provided dollars to the banks to meet the importers' demand, dealers said. In the interbank market, the rupee inched up with a gain of one paisa against the d
Published 24 Aug, 2006 12:00am
Anti-aerial firing drive in NWFP from September

Anti-aerial firing drive in NWFP from September

The NWFP government is launching a vigorous campaign to create public awareness against the aerial firing in the province from September 1 to 10 to eliminate the scourge of festive firing from the society and ensure safety of life and property of the peop
Published 24 Aug, 2006 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

Two-way trading was seen in the currency market on Wednesday as the State Bank of Pakistan (SBP) provided dollars to the banks to meet the importers' demand, dealers said. In the interbank market, the rupee inched up with a gain of one paisa against the d
Published 24 Aug, 2006 12:00am
'Broad-based media strategy to combat anti-Pakistan hype'

'Broad-based media strategy to combat anti-Pakistan hype'

Minister of State for Information and Broadcasting Tariq Azeem on Wednesday said a broad-based media strategy is essential to combat propaganda against national interests and influence public opinion in the Western countries.
Published 24 Aug, 2006 12:00am
PML to launch awareness drive to expose MMA's attitude

PML to launch awareness drive to expose MMA's attitude

Pakistan Muslim League on Wednesday decided to launch an "awareness campaign throughout the country to expose the irresponsible and derogatory attitude of members of Muttahida Majlis Amal (MMA) exhibited by them when the bill to protect the rights of wome
Published 24 Aug, 2006 12:00am
DAP import: PAC body snubs Food officials over excessive cost

DAP import: PAC body snubs Food officials over excessive cost

A sub-committee of the Public Accounts Committee (PAC) on Wednesday snubbed poorly prepared high officials of the food ministry for their inability to justify excessive expenditures incurred on various accounts mainly fertiliser import.
Published 24 Aug, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Wasim Raja dies of heart attack

Wasim Raja dies of heart attack

Pakistan's all round cricketer Wasim Raja died of heart attack here on Wednesday while playing a match in the club. Raja, 54 was regarded as one of the great all rounders and had played 57 tests and over 50 one dayers.
Published 24 Aug, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Defying all forecasts of splitting up at the eleventh hour the opposition in the National Assembly has stuck together. All 141 members that sit on the opposition benches, including the incarcerated Javed Hashmi, have signed the no-confidence motion agains
Published 24 Aug, 2006 12:00am
National Assembly select committee on Hudood laws formed

National Assembly select committee on Hudood laws formed

Speaker National Assembly Chaudhry Amir Hussain on Wednesday formed a 24-member 'House' select committee on Hudood laws. The committee came into being after all the parliamentary committees forwarded names of lawmakers, following the strong agitation by t
Published 24 Aug, 2006 12:00am
Opposition demands lifting of restrictions on Dr Qadeer

Opposition demands lifting of restrictions on Dr Qadeer

Combined opposition in the National Assembly on Wednesday expressed concern over Dr Abdul Qadeer Khan's health, demanding lifting of all restrictions on him. The government assured the House, which resumed business with 40 minutes delay that the father of
Published 24 Aug, 2006 12:00am
ETPB officials told to expedite pending cases

ETPB officials told to expedite pending cases

Chairman Evacuee Trust Property Board (ETPB) Lieutenant General Zulfiqar Ali Khan (Retd) on Wednesday directed all officers to expedite on merit the disposal of all pending cases. Talking to APP here, he said that he was personally clearing all the pendin
Published 24 Aug, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Five centres with Rs 25 million being set up for special children

Five centres with Rs 25 million being set up for special children

Five new centres are being established at a cost of Rs 25 million for the education and training of special children so that they could become self-reliant citizens of the society. This was stated by Provincial Minister for Special Education Qudsia Lodhi
Published 24 Aug, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Aug, 2006 12:00am
Criminal prosecution service to be launched in September

Criminal prosecution service to be launched in September

Provincial Minister for Law, Local Government and Public Prosecution, Muhammad Basharat Raja has said that an independent criminal prosecution service would be launched formally next month for which process of recruitment has been started.
Published 24 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 24 Aug, 2006 12:00am
PFMA resents cut in duty drawback rates

PFMA resents cut in duty drawback rates

Pakistan Footwear Manufacturers Association (PFMA) Chairman Khawaja Muhammad Ali has strongly regretted the CBR notification on reduction of duty drawback rates and demanded its reversal.
Published 24 Aug, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Aug, 2006 12:00am
Arthritis, nerve damage cause body pain

Arthritis, nerve damage cause body pain

Chronic pain is continuous, long-term pain, which can be caused by diseases like arthritis or by nerve damage. Pain affects millions of people world-wide and can be difficult to treat because of its long period medication and possible drug side-effects.
Published 24 Aug, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Aug, 2006 12:00am
SKMCH concerned over Dr Qadeer's health

SKMCH concerned over Dr Qadeer's health

The management of Shaukat Khanum Memorial Cancer Hospital and Research Centre, in an emergent meeting held here on Wednesday expressed grave concern over the news that Dr Abdul Qadeer Khan has been diagnosed as cancer patient.
Published 24 Aug, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Malpractices in agriculture markets discussed

Malpractices in agriculture markets discussed

The administration of fruits and vegetables markets and market committees has been directed to ensure that price fixation in the market be completed by 0600 hours in the morning and subsequently the price lists be distributed to all the shopkeepers by 070
Published 24 Aug, 2006 12:00am
Reactivation of crop reporting cell ordered

Reactivation of crop reporting cell ordered

The Crop Reporting Service Cell (CRSC) of Sindh Agriculture Department should be reactivated and surplus staff be posted to its vacant posts, ordered Sindh Chief Secretary, Fazalur Rehman here on Wednesday.
Published 24 Aug, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Aug, 2006 12:00am
Hafiz Saeed detained under MPO

Hafiz Saeed detained under MPO

Professor Hafiz Mohammad Saeed, chief of Jamaat-ud-Dawa has been detained and restricted under section 05(1)(b) of Punjab Maintenance of Public Order Ordinance 1960 with cogent reasons to maintain the public safety and tranquillity.
Published 24 Aug, 2006 12:00am
Baghwandas takes oath as acting Chief Justice

Baghwandas takes oath as acting Chief Justice

Justice Rana Baghwandas, the senior-most judge of the Supreme Court after Chief Justice of Pakistan, took oath here on Wednesday as acting Chief Justice of Pakistan. Supreme Court of Pakistan Judge Justice Abdul Hameed Dogar administered oath in the oath-
Published 24 Aug, 2006 12:00am
Concern voiced over Dr Qadeer's illness

Concern voiced over Dr Qadeer's illness

Sofia Ismail, chairperson of Ismaili Welfare Trust, has expressed deep concern over reports that Pakistan's scientist Dr Abdul Qadeer Khan is suffering from prostrate cancer. In a statement here on Wednesday, she urged the Muslim Ummah to pray for recover
Published 24 Aug, 2006 12:00am
New housing scheme for Rawalpindi Bhattian approved

New housing scheme for Rawalpindi Bhattian approved

Provincial Minister for Housing and Urban Development, Syed Raza Ali Gillani, has approved a new housing scheme under public-private partnership for Tehsil Pindi Bhattian over 60 acres of land. This housing scheme is a part of the comprehensive action pla
Published 24 Aug, 2006 12:00am
SAP Pakistan summIT2006 from September 6

SAP Pakistan summIT2006 from September 6

SAP to hold their annual technology conference, SAP Pakistan summIT2006 in Lahore from September 6 2006. This two-day conference, occurring for the second successful year in Pakistan is the most comprehensive business and technology forum in the country a
Published 24 Aug, 2006 12:00am
Land record in 18 districts to be computerised

Land record in 18 districts to be computerised

Land record of 18 districts of Punjab would be computerised under a project titled 'Land Record Management and Information System' (LRMIS) for which the government would spare an amount of Rs 539.36 million.
Published 24 Aug, 2006 12:00am
Shujaat and Durrani call on Abdul Qadeer Khan

Shujaat and Durrani call on Abdul Qadeer Khan

President Pakistan Muslim League Chaudhry Shujaat Hussain along with Minister for Information and Broadcasting Muhammad Ali Durrani on Wednesday visited Dr Abdul Qadeer Khan and inquired about his health. They remained with the renowned scientist for arou
Published 24 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Shujaat and Durrani call on Abdul Qadeer Khan

Shujaat and Durrani call on Abdul Qadeer Khan

President Pakistan Muslim League Chaudhry Shujaat Hussain along with Minister for Information and Broadcasting Muhammad Ali Durrani on Wednesday visited Dr Abdul Qadeer Khan and inquired about his health. They remained with the renowned scientist for arou
Published 24 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Dutch police arrest 12 air passengers

Dutch police arrest 12 air passengers

Dutch police arrested 12 passengers behaving suspiciously on a US Northwest Airlines plane bound for India that was forced to turn back to Amsterdam's Schiphol airport on Wednesday.
Published 24 Aug, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
Dutch police arrest 12 air passengers

Dutch police arrest 12 air passengers

Dutch police arrested 12 passengers behaving suspiciously on a US Northwest Airlines plane bound for India that was forced to turn back to Amsterdam's Schiphol airport on Wednesday.
Published 24 Aug, 2006 12:00am
Tripartite body agrees on coordinated patrols

Tripartite body agrees on coordinated patrols

The Tripartite Commission, composed of senior military and diplomatic representatives from Afghanistan, Pakistan, the coalition forces in Afghanistan, and the Nato International Security Assistance Force, held its 18th meeting here on Wednesday.
Published 24 Aug, 2006 12:00am
Tripartite body agrees on coordinated patrols

Tripartite body agrees on coordinated patrols

The Tripartite Commission, composed of senior military and diplomatic representatives from Afghanistan, Pakistan, the coalition forces in Afghanistan, and the Nato International Security Assistance Force, held its 18th meeting here on Wednesday.
Published 24 Aug, 2006 12:00am
CSF to carry out policy analysis of motorcycle industry

CSF to carry out policy analysis of motorcycle industry

The Competitiveness Support Fund (CSF), a joint venture of the Government of Pakistan, Ministry of Finance and the US Agency for International Development (USAID), will carry out policy analysis on the competitive advantages of motorcycles in Pakistan.
Published 24 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 23, 2006).

Published 24 Aug, 2006 12:00am
Pakistan-born architect convicted in Australia

Pakistan-born architect convicted in Australia

A Pakistan-born architect accused of plotting a "jihad" or holy war bombing campaign in Australia was sentenced to 20 years in jail on Wednesday. Faheem Khalid Lodhi, 36, was convicted of planning to blow up the electrical grid in Australia's biggest city
Published 24 Aug, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
UK supports Pakistan for EU market access: Daniel

UK supports Pakistan for EU market access: Daniel

The British Deputy High Commissioner, Hamish St Daniel, has said that Britain is a very strong supporter of Pakistan to provide it markets access in European countries. Addressing members of Site Association of Industries (SAI) here on Wednesday.
Published 24 Aug, 2006 12:00am
UK supports Pakistan for EU market access: Daniel

UK supports Pakistan for EU market access: Daniel

The British Deputy High Commissioner, Hamish St Daniel, has said that Britain is a very strong supporter of Pakistan to provide it markets access in European countries. Addressing members of Site Association of Industries (SAI) here on Wednesday.
Published 24 Aug, 2006 12:00am
UK supports Pakistan for EU market access: Daniel

UK supports Pakistan for EU market access: Daniel

The British Deputy High Commissioner, Hamish St Daniel, has said that Britain is a very strong supporter of Pakistan to provide it markets access in European countries. Addressing members of Site Association of Industries (SAI) here on Wednesday.
Published 24 Aug, 2006 12:00am
Treasury bills worth Rs 14,500 million sold

Treasury bills worth Rs 14,500 million sold

The State Bank of Pakistan (SBP) sold Rs 14,500 million of Treasury bills on Wednesday in a three-day repo operation at 8.35 percent to mop up funds from the money market.
Published 24 Aug, 2006 12:00am
Treasury bills worth Rs 14,500 million sold

Treasury bills worth Rs 14,500 million sold

The State Bank of Pakistan (SBP) sold Rs 14,500 million of Treasury bills on Wednesday in a three-day repo operation at 8.35 percent to mop up funds from the money market.
Published 24 Aug, 2006 12:00am
Treasury bills worth Rs 14,500 million sold

Treasury bills worth Rs 14,500 million sold

The State Bank of Pakistan (SBP) sold Rs 14,500 million of Treasury bills on Wednesday in a three-day repo operation at 8.35 percent to mop up funds from the money market.
Published 24 Aug, 2006 12:00am
Treasury bills worth Rs 14,500 million sold

Treasury bills worth Rs 14,500 million sold

The State Bank of Pakistan (SBP) sold Rs 14,500 million of Treasury bills on Wednesday in a three-day repo operation at 8.35 percent to mop up funds from the money market.
Published 24 Aug, 2006 12:00am
Dubai-Karachi ferry service likely by November

Dubai-Karachi ferry service likely by November

Pakistan's Ministry of Ports & Shipping has planned a luxury ferry service between Karachi and Dubai, which is expected to start by November. Pakistan's Ports and Shipping Director-General, Captain Anwar Shah (Retd) was quoted as saying by Gulf News on We
Published 24 Aug, 2006 12:00am
Apollo to buy TNT logistics unit for $1.9 billion

Apollo to buy TNT logistics unit for $1.9 billion

Dutch mail firm TNT has agreed to sell its underperforming logistics business to US-based private equity fund Apollo Management for 1.48 billion euros ($1.9 billion), it said on Wednesday.
Published 24 Aug, 2006 12:00am
Upgradation of wireless phone service

Upgradation of wireless phone service

Pakistan Telecommunication Company Limited (PTCL), Central Telecommunication Region, is upgrading wireless phone service. The services in district Sheikhupura, Nankana Sahib, Kasur, Okara, Sahiwal and Pakpattan of 1099 MHz Phase-II in 74 BTS would be susp
Published 24 Aug, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
TPPL holds prize distribution

TPPL holds prize distribution

Total Parco Pakistan Ltd (TPPL) held a prize distribution for two of its in-house training campaigns ie, "Forecourts in Bloom" and "Restroom Cleanliness".
Published 24 Aug, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 23, 2006).
Published 24 Aug, 2006 12:00am
Consensus seen for vote reform before IMF board

Consensus seen for vote reform before IMF board

There is broad consensus among International Monetary Fund member countries that China, South Korea, Turkey and Mexico should get bigger IMF voting rights in a proposal to be discussed by the executive board on Wednesday, officials say.
Published 24 Aug, 2006 12:00am
ISE: bulls snatch floor from bears

ISE: bulls snatch floor from bears

Bulls snatched the floor from the bears at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE Ten index showed an improvement of 12.74 points, as the in
Published 24 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 Wednesday (August 23, 2006).

Published 24 Aug, 2006 12:00am
ISE: bulls snatch floor from bears

ISE: bulls snatch floor from bears

Bulls snatched the floor from the bears at the Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE Ten index showed an improvement of 12.74 points, as the in
Published 24 Aug, 2006 12:00am
Equities register gains on LSE

Equities register gains on LSE

Contrary to the investors' expectations in the wake of tabling no-confidence motion against the prime minister, equities marginally recovered a day earlier losses and closed in the green zone on Lahore Stock Exchange (LSE).
Published 24 Aug, 2006 12:00am
Equities register gains on LSE

Equities register gains on LSE

Contrary to the investors' expectations in the wake of tabling no-confidence motion against the prime minister, equities marginally recovered a day earlier losses and closed in the green zone on Lahore Stock Exchange (LSE).
Published 24 Aug, 2006 12:00am
Bush commends Islamabad's role in fight against terror

Bush commends Islamabad's role in fight against terror

US President George W. Bush called President Pervez Musharraf on Wednesday and expressed appreciation for Pakistan's role in fighting terrorism in the context of the terror plot in Britain, the foreign ministry said.
Published 24 Aug, 2006 12:00am