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Print - 2006-09-01
Builders told to give possession in time

Builders told to give possession in time

Home Minister Sindh, Rauf Siddiqui has warned the builders to hand over the possession of the project to the allottees within the stipulated time. He said that a number of complaints have been lodged against the builders in this regard.
Published 01 Sep, 2006 12:00am
Nokia wins WCDMA/HSPA network

Nokia wins WCDMA/HSPA network

Nokia and Indonesian operator Telkomsel have signed a new three-year WCDMA 3G/HSPA radio and core network, and managed services contracts that will see Nokia support Telkomsel in strengthening its business and introducing 3G services, such as streaming vi
Published 01 Sep, 2006 12:00am
FCS asks mole holders to pay Rs 90.5 million dues

FCS asks mole holders to pay Rs 90.5 million dues

The Fishermen's Co-operative Society (FCS) held a meeting here on Thursday regarding the society's outstanding dues of Rs 90.5 million against the mole-holders, said a press release.
Published 01 Sep, 2006 12:00am
NWFP asks NRB to hold direct elections for district nazims

NWFP asks NRB to hold direct elections for district nazims

The government of NWFP has sent recommendations to National Reconstruction Bureau (NRB) for holding direct elections of district nazims in next local bodies polls to prevent corruption and use of money in the grassroots level election process in the count
Published 01 Sep, 2006 12:00am
Redesigning of sewerage system in DHA urged

Redesigning of sewerage system in DHA urged

The Commander, 5 Corps, Lieutenant General Ahsan Azhar Hayat, who is also the President of Defence Housing Authority Executive Board, emphasised the need for taking proper stock of post rain situation in DHA. He was presiding over a meeting of the DHA Exe
Published 01 Sep, 2006 12:00am
PPPP to attend National Assembly 'Select Committee' meeting today

PPPP to attend National Assembly 'Select Committee' meeting today

Pakistan Peoples Party Parliamentarians members, led by their leader Makhdoom Amin Fahim did not attend Thursday's scheduled meeting of the "Select Committee" of the National Assembly on the Criminal Law Amendment (Protection of Women) Bill 2006, saying t
Published 01 Sep, 2006 12:00am
Traders support Labard

Traders support Labard

Beadon Road Traders Association has announced to extend all out support to the Labard for rehabilitation of disables. This was stated by the Beadon Road Traders Association office-bearers during a meeting with Labard team that visited Beadon Road to creat
Published 01 Sep, 2006 12:00am
Businessmen hail no-trust move's failure

Businessmen hail no-trust move's failure

The failure of no-confidence move against Prime Minister Shaukat Aziz has been widely hailed by the trading community. Its representatives are of the view that the Prime Minister's survival in the no-confidence move was a show of confidence on the governm
Published 01 Sep, 2006 12:00am
Japan to help explore NWFP's economic potentials

Japan to help explore NWFP's economic potentials

Japanese Ambassador Seiji Kojima said on Wednesday that his country had sought the proposals of both Federal and provincial governments for exploration of the economic potentials of NWFP.
Published 01 Sep, 2006 12:00am
Fisheries diagnostic laboratory

Fisheries diagnostic laboratory

Fisheries Department Punjab would soon establish a diagnostic lab in Muzaffargarh with the objective to promote fish farming in southern Punjab to facilitate farmers of the region.
Published 01 Sep, 2006 12:00am
CAA engineers' stay plea dismissed

CAA engineers' stay plea dismissed

Senior Civil Judge Karachi Malir, on Thursday dismissed stay applications filed by eight engineers of Civil Aviation Authority against decision of CAA's Departmental Promotion Committee (DCP) and its implementation. Plaintiffs sought injunction against de
Published 01 Sep, 2006 12:00am
Services of 407 Wafaqi Mohtasib secretariat employees confirmed

Services of 407 Wafaqi Mohtasib secretariat employees confirmed

The services of a total of 407 employees of the Wafaqi Mohtasib Secretariat (Ombudsman) have been notified to be confirmed with immediate effect. According to the Notification/Office Orders issued by the Wafaqi Mohtasib Secretariat here on Thursday.
Published 01 Sep, 2006 12:00am
60 hepatitis centres working, 150 in pipeline

60 hepatitis centres working, 150 in pipeline

Minister for Health Muhammad Nasir Khan told National Assembly on Thursday that one of the major causes of hepatitis is contaminated water. To a question, the minister said that the government has established sixty centres for hepatitis cure in the countr
Published 01 Sep, 2006 12:00am
Prime Minister secretariat seeks surplus land, property data

Prime Minister secretariat seeks surplus land, property data

The Prime Minister Secretariat has sought updated information on surplus land and other properties in the possession of the provincial governments and federal ministries, including Defence Division, to be offered to the foreign and local investors, an off
Published 01 Sep, 2006 12:00am
President approves academic distinction awards

President approves academic distinction awards

President General Pervez Musharraf on Wednesday approved the academic distinction awards in various categories for the year 2006. Following are the recipients of the awards approved by the President in exercise of the powers conferred under Section 3 of t
Published 01 Sep, 2006 12:00am
Tributes paid to Nadeem Qasmi

Tributes paid to Nadeem Qasmi

The administrative committee of Punjab Writers Welfare Fund (PWWF), in its meeting held here on Thursday under the chairmanship of Secretary Information, Culture & Youth Affairs Department, Taimur Azmat Usman, condoled the sad demise of renowned writer, p
Published 01 Sep, 2006 12:00am
Potohar Town Assembly members boycott session

Potohar Town Assembly members boycott session

Members of Potohar Town Assembly hold walk-out from the session to protest the delay in construction of Town Hall and have warned the Town Government that if the hall was not made available for next session, the town assembly would meet on road.
Published 01 Sep, 2006 12:00am
National Assembly body directed to probe into GST refund scam

National Assembly body directed to probe into GST refund scam

The Speaker National Assembly on Thursday directed the finance and revenue body to investigate Rs 20 billion GST refund scam of Raja Zaraat under the Duty and Tax Remission for Export (DTRE) scheme and ascertain the involvement of senior tax officials.
Published 01 Sep, 2006 12:00am
Dr Rehman Abbasi passes away

Dr Rehman Abbasi passes away

Dr Abdur Rehman Abbasi, father-in-law of Irshad Nabi Abbasi, joint secretary, Ministry of Information and Broadcasting, died on Thursday at Aga Khan Hospital, Karachi, after a protracted illness. His Namaz-e-Jinaza will be offered at his native village, S
Published 01 Sep, 2006 12:00am
Shaukat lauds Telenor contribution to Pakistan's economy

Shaukat lauds Telenor contribution to Pakistan's economy

Prime Minister Shaukat Aziz on Thursday, appreciating Telenor's investment of over one billion dollars in Pakistan in the telecommunication sector, said it is manifestation of the commitment of investors in Pakistan's liberal economic policies.
Published 01 Sep, 2006 12:00am
Engineering sector exporters not satisfied with DTRE scheme

Engineering sector exporters not satisfied with DTRE scheme

The Duty and Tax Remission on Export (DTRE) scheme is creating complications for the exporters of engineering sector, as it does not fully cover the duties and taxes free import of engineering inputs to be consumed in the finished products to be exported.
Published 01 Sep, 2006 12:00am
More autonomy to Balochistan demanded

More autonomy to Balochistan demanded

The civil society organisations have demanded of the government to demilitarise the violence-prone province along with restoring civil administration and giving the province more autonomy.
Published 01 Sep, 2006 12:00am
The Weather

The Weather

The weather report on Thursday (August 31, 2006) and the forecast for Friday (September 01, 2006).
Published 01 Sep, 2006 12:00am
Task Force constituted to implement DWCP

Task Force constituted to implement DWCP

Federal Secretary for Labour and Manpower Malik Asif Hayat has said Pakistan has constituted a Decent Work Task Force to implement the Pakistan Decent Work Country Programme (DWCP) in the country.
Published 01 Sep, 2006 12:00am
New York cotton

New York cotton

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

Published 01 Sep, 2006 12:00am
CBR's highest taxpayers award ceremony today

CBR's highest taxpayers award ceremony today

The Central Board of Revenue is giving away awards to the highest taxpayers in different sectors, at a ceremony to be held in Karachi on Friday. Chairman CBR Abdullah Yusuf will give away awards to more than two dozen highest taxpayers from industry, serv
Published 01 Sep, 2006 12:00am
New York cotton

New York cotton

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

Published 01 Sep, 2006 12:00am
Panel recommendations to improve UN efficiency: Prime Minister

Panel recommendations to improve UN efficiency: Prime Minister

Prime Minister Shaukat Aziz on Thursday said Pakistan is proud to be a member of the United Nations high-level panel and expressed the hope the group's recommendations would help make UN more effective and responsive to aspirations of member states.
Published 01 Sep, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
PFUJ condemns murder of BBC reporter's brother

PFUJ condemns murder of BBC reporter's brother

The Pakistan Federal Union of Journalists (PFUJ) has strongly condemned the brutal murder of the younger brother of BBC correspondent based in the troubled tribal areas of Wazirstan.
Published 01 Sep, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
1kV windmill installed in DHA

1kV windmill installed in DHA

A residential unit, for the first time, has installed a 1 kV windmill, in DHA Karachi to meet its energy requirements at a time when Karachi Electric Supply Corporation (KESC) fails to alleviate the sufferings of people. S.S. Haider, an alternate energy e
Published 01 Sep, 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 01 Sep, 2006 12:00am
Acer to market 5101 notebook

Acer to market 5101 notebook

Acer has signed a deal with Ideal Distribution to market its Aspire 5101 Notebook in Pakistan. The notebook vendor says that it decided to increase the market reach for the 5101 following the strong sales in the Middle East.
Published 01 Sep, 2006 12:00am
KCCI for fixing child labour age at 14 years

KCCI for fixing child labour age at 14 years

The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to fix child labour age at 14 years by amending the labour laws. In a communication to the government, the KCCI noted that in USA the child labour age is 14 years and keeping it
Published 01 Sep, 2006 12:00am
UBL launches home finance facility for expatriates in UK

UBL launches home finance facility for expatriates in UK

United Bank Limited (UBL) has become the first bank to launch its first overseas home finance facility "Address Mortgage" in the United Kingdom in collaboration with United National Bank Ltd (UNBL).
Published 01 Sep, 2006 12:00am
Hyderabad Nazim invites proposals for uplift schemes

Hyderabad Nazim invites proposals for uplift schemes

Zila Nazim Hyderabad Kanwar Naveed has called proposals of immediate nature and inter taluka benefiting development schemes from all Taluka Nazims of the district within shortest possible time so that same could be decided in forthcoming meeting of Zila M
Published 01 Sep, 2006 12:00am
Enthusiasm missing in FPCCI elections

Enthusiasm missing in FPCCI elections

The din and thunder, usually witnessed during the Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) elections, may not be there during the 2007-08 campaign set to kick-off from October.
Published 01 Sep, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
Weather forecast

Weather forecast

Meteorological office Lahore has forecast thunderstorm/ rain in Rawalpindi and Gujranwala regions while scattered thunderstorm/ rain is expected in Lahore, Faisalabad, DG Khan, Multan, Faisalabad and Bahawalpur regions during the next 24 hours.
Published 01 Sep, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (August 31, 2006) and for Friday (September 01, 2006).
Published 01 Sep, 2006 12:00am
PSIC plans cluster development project for SMEs

PSIC plans cluster development project for SMEs

Punjab Small Industries Corporation (PSIC) is finalising arrangements for initiating the cluster development programme for small and medium enterprises (SMEs) in collaboration with the Small and Medium Enterprise Development Authority (Smeda) in Punjab.
Published 01 Sep, 2006 12:00am
NC favours early resolution of Kashmir dispute

NC favours early resolution of Kashmir dispute

Favouring early resolution of Kashmir dispute, IoK opposition National Conference has appealed to India and Pakistan to address the long-standing problem without delay to "relieve" the people of Indian occupied Kashmir from unabated "sufferings".
Published 01 Sep, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
'Pakistan 5th largest milk producing country in world'

'Pakistan 5th largest milk producing country in world'

Pakistan is the 5th largest milk producing country in the world, said University of Agriculture Faisalabad Vice Chancellor, Professor Bashir Ahmad. He was addressing an international seminar organised by the Institute of Food Science and Technology at New
Published 01 Sep, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
Family welfare centre

Family welfare centre

The Population Welfare Department, as part of a public-private partnership initiative, has set up a service outlet, a Family Welfare Centre, here in Wapda Hospital at Ferozpur Road. Federal Minister for Population Welfare, Chaudhry Shahbaz Hussain is expe
Published 01 Sep, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
Wazirabad institute of cardiology project approved

Wazirabad institute of cardiology project approved

The Provincial Development Working Party (PDWP) has approved the project of Wazirabad Institute of Cardiology costing Rs 1028.096 million. An amount of Rs 612.618 million would be spent on the construction of building while remaining amount would be utili
Published 01 Sep, 2006 12:00am
Mirwaiz invited to attend OIC meeting

Mirwaiz invited to attend OIC meeting

Organisation of Islamic Countries (OIC) has invited Hurriyat Conference Chairman, Mirwaiz Umer Farooq to attend a Ministerial meeting on Kashmir to be held at the UN headquarters in New York on September 21-25.
Published 01 Sep, 2006 12:00am
UK trade missions due in November

UK trade missions due in November

The Deputy High Commissioner and Director Trade and Investment British High Commission (Karachi) Hamish Daniel, Jonathan Webber, head of International Trade, Mrs Rupi Nandra, Indian-Pakistan Trade Unit Manager of Birmingham Chamber of Commerce and Industr
Published 01 Sep, 2006 12:00am
THE RUPEE: dollar up in interbank market

THE RUPEE: dollar up in interbank market

The dollar posted fresh gain of one paisa versus the rupee in the interbank market on Thursday amid higher demand for the greenback, dealers said. According to the market sources, the rupee is under pressure due to strong demand for dollars, in the meanti
Published 01 Sep, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The long-simmering political confrontation inside the parliament and outside in bars and bazaars seems coming to a head. The opposition in the National Assembly on Thursday boycotted the proceedings with a promise that the boycott would continue on Friday
Published 01 Sep, 2006 12:00am
THE RUPEE: dollar up in interbank market

THE RUPEE: dollar up in interbank market

The dollar posted fresh gain of one paisa versus the rupee in the interbank market on Thursday amid higher demand for the greenback, dealers said. According to the market sources, the rupee is under pressure due to strong demand for dollars, in the meanti
Published 01 Sep, 2006 12:00am
Rs 40000 prize bond draw on September 2

Rs 40000 prize bond draw on September 2

The 27th draw of Rs 40,000 prize bonds which was scheduled to be held at State Bank of Pakistan (SBP), Quetta will now be held at State Bank of Pakistan, Karachi on September 2 (Saturday).
Published 01 Sep, 2006 12:00am
10 killed in road accident near Multan

10 killed in road accident near Multan

At least ten people were killed and 16 others injured on Thursday when a goods truck collided with a passenger bus near Multan, police said. The crash took place near Katch Khu, a rural town some 65 kilometres east of Multan.
Published 01 Sep, 2006 12:00am
CBR transfers and postings

CBR transfers and postings

The Central Board of Revenue (CBR) has transferred and posted Ahmad Raza Khan, a BS-19 officer of customs and excise group, as secretary, FATE wing, CBR with immediate effect. According to another notification issued on Thursday, Ikramullah Ghauri, a BS-2
Published 01 Sep, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
Fahim convinced to stay as ARD chairman

Fahim convinced to stay as ARD chairman

Sane elements in the Alliance for Restoration of Democracy saved the alliance from a political jolt after they convinced Makhdoom Amin Fahim not to step down as its chairman.
Published 01 Sep, 2006 12:00am
TIER IV Data Centre opens

TIER IV Data Centre opens

CubeXS Weatherly Pvt Limited, on Thursday officially announced the opening of the first-ever mission critical TIER IV Data Centre in Pakistan. The Data Centre will provide Disaster Recovery, Business Continuity, and other related services to Financial Ins
Published 01 Sep, 2006 12:00am
Regret

Regret

Badruddin Khan, who has been appointed Administrator of Crescent Standard Investment Bank Limited by the Securities and Exchange Commission of Pakistan. Business Recorder regrets publication of wrong photograph in its August 31 issue.
Published 01 Sep, 2006 12:00am
'Pakistan improves two percent malnutrition in 20 years'

'Pakistan improves two percent malnutrition in 20 years'

Pakistan has improved by two percent malnutrition during the past 20 years, but made encouraging progress in per capita availability of food over the last decade, says a report. The report on Human Development in South Asia was issued by Mahboob-ul-Haq Hu
Published 01 Sep, 2006 12:00am
SMEs constitute 40 percent of total GDP: Abbas

SMEs constitute 40 percent of total GDP: Abbas

The small and medium enterprises (SMEs) have a big role in socio-economic development as it constitutes 95 percent of the total enterprises of the country, besides it employ about 80 percent of total non-agriculture workforce and 40 percent of the total G
Published 01 Sep, 2006 12:00am
Refinance rate unchanged

Refinance rate unchanged

In light of the government's policy to continue to offer below market rate financing to exporters, the State Bank of Pakistan (SBP) on Thursday announced the rate of refinance under the export finance scheme for September 2006 will be the same, ie, 6.5 pe
Published 01 Sep, 2006 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 01 Sep, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
PIA suffers Rs 2.984 billion net revenue loss

PIA suffers Rs 2.984 billion net revenue loss

The Pakistan International Airlines (PIA) shows a net revenue loss of Rs 2.984 billion during the fourth quarter (April-June) of FY2005-06 due to high fuel price, the finance ministry said on Thursday.
Published 01 Sep, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Sep, 2006 12:00am
Board meetings in progress

Board meetings in progress

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

Published 01 Sep, 2006 12:00am
Pakistan's foreign exchange reserves rise

Pakistan's foreign exchange reserves rise

Foreign exchange reserves rose by $0.3 million to $12,631.2 million in the week ending on August 26, the State Bank of Pakistan (SBP) said on Thursday.
Published 01 Sep, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Sep, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Sep, 2006 12:00am
PSM earns Rs 705 million profit in 2005-06

PSM earns Rs 705 million profit in 2005-06

Pakistan Steel Mills (PSM) during the fiscal year 2005-06 showed a profit of Rs 705 million, nearly 33 percent of the targeted Rs 2.125 billion set by the government.
Published 01 Sep, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (August 31, 2006).

Published 01 Sep, 2006 12:00am
NPOs/NGOs: RCITs empowered to give tax exemption

NPOs/NGOs: RCITs empowered to give tax exemption

The regional commissioners of income tax (RCITs) have been empowered to register non-profit organisations (NPOs), institution/ funds/ trusts/societies for giving income tax exemption after necessary documentation.
Published 01 Sep, 2006 12:00am
NPOs/NGOs: RCITs empowered to give tax exemption

NPOs/NGOs: RCITs empowered to give tax exemption

The regional commissioners of income tax (RCITs) have been empowered to register non-profit organisations (NPOs), institution/ funds/ trusts/societies for giving income tax exemption after necessary documentation.
Published 01 Sep, 2006 12:00am
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