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Print - 2006-09-13
US MIDDAY: gold crawls higher

US MIDDAY: gold crawls higher

Gold futures in New York crawled higher in early dealings on Tuesday, recovering a bit from 10-week lows as some investors viewed Monday's metals sell-off as a buying opportunity, traders said.
Published 13 Sep, 2006 12:00am
Punjab to launch canal rehabilitation project

Punjab to launch canal rehabilitation project

The government of Punjab would launch "Lower Bari Doab Canal Improvement Project" in near future with the financial assistance of Asian Development Bank with the cost of $200 million.
Published 13 Sep, 2006 12:00am
MNAs criticise government, MMA deal on Hudood Ordinance

MNAs criticise government, MMA deal on Hudood Ordinance

The National Assembly on Tuesday witnessed some critical point of orders from the treasury and opposition benches, criticising the government policy of settling issues outside the parliament and terming it a breach of the house laws.
Published 13 Sep, 2006 12:00am
National Assembly rejects move to omit term 'ideology' from the Book

National Assembly rejects move to omit term 'ideology' from the Book

The government and opposition benches in the National Assembly on Tuesday, in a rare show of unity, denied grant of leave to the Pakistan Muslim League minority MNA to introduce a bill, seeking omission of term 'ideology' from the Constitution until it is
Published 13 Sep, 2006 12:00am
Senate session adjourned after a brief sitting: Fateha offered for Bugti

Senate session adjourned after a brief sitting: Fateha offered for Bugti

The Senate session on Tuesday was adjourned after a brief sitting to remember whom the government used to call a rebel, murdered Baloch tribal chieftain Nawab Akbar Bugti. Before the adjournment, the house offered Fateha for the Baloch nationalist and pra
Published 13 Sep, 2006 12:00am
National Assembly session abruptly adjourned

National Assembly session abruptly adjourned

The National Assembly session was abruptly adjourned on Tuesday when Speaker Chaudhry Amir Hussain ignored the Opposition who pointed out lack of quorum and called it a day.
Published 13 Sep, 2006 12:00am
CLCV has no remedy

CLCV has no remedy

Cotton leaf curl virus (CLCV) has no remedy and if any one claims its treatment he would only be misguiding farmers, said District Officer Agriculture (DOA) here on Tuesday. DOA, Rana Munir said that all cotton plants, including those affected by the viru
Published 13 Sep, 2006 12:00am
Encouraging tax paying culture

Encouraging tax paying culture

We are reporting below a clipping of a newspaper Daily Khaleej Times reproduction. In India, one a local government has launched a scheme for the implementation of VAT (Value Added Tax) Sales Tax. We request you to give, a thought to it and maybe we can u
Published 13 Sep, 2006 12:00am
Engineering sector remains neglected

Engineering sector remains neglected

Pakistan Economic Survey is relied upon as an official and authentic document depicting national economy alongwith performance of various economic and industrial sectors, which is taken as a reference by domestic as well as international analysts.
Published 13 Sep, 2006 12:00am
India faces hard fight to beat AIDS in UP

India faces hard fight to beat AIDS in UP

Sitting on a wooden bench under a slowly whirring fan, 43-year-old Prempal says he urgently needs anti-retroviral drugs to fight the HIV illness in his body.
Published 13 Sep, 2006 12:00am
Audit committees are a unanimous choice

Audit committees are a unanimous choice

Audit Committees in corporate world are keen on discharging their responsibilities both moral and legal with care and diligence. World around, mostly in commercial businesses, such committees are assurance of best governance practices.
Published 13 Sep, 2006 12:00am
9-11 anniversary: US policies unveil hidden agenda

9-11 anniversary: US policies unveil hidden agenda

Five years after the wanton attack on New York's twin towers, the perpetuation of terrorism and mishandling of the entire issue by US and its allies has posed a serious threat to international peace as evident from 7/7 brutal attacks in London and elsewhe
Published 13 Sep, 2006 12:00am
The provincial autonomy bill

The provincial autonomy bill

The one positive thing that has emerged from the troubling situation in Balochistan is a general realisation on the part of our political class that the issue of provincial autonomy is at the root of increasing disaffection in the smaller provinces.
Published 13 Sep, 2006 12:00am
The formation of Competition Commission

The formation of Competition Commission

It seems that the government has finally decided to convert the Monopoly Control Authority (MCA) into Competition Commission with increased powers to make it an effective body. Talking to a newspaper reporter, Khalid A.
Published 13 Sep, 2006 12:00am
Symposium on pain management

Symposium on pain management

"Pain is one of the most underestimated health care problems in the world today, particularly in this region," said Dr Gauhar Afshan, chairperson, organising committee of the 11th National Health Sciences Research Symposium, held in Aga Khan University.
Published 13 Sep, 2006 12:00am
NBP recruits 130 agriculture-finance officers

NBP recruits 130 agriculture-finance officers

National Bank of Pakistan (NBP) has recruited 130 Agriculture Finance Officers (AFOs) this year, of which 30 are exclusively for the remote areas of Balochistan.
Published 13 Sep, 2006 12:00am
All set for Inter-Provincial Games 2006

All set for Inter-Provincial Games 2006

All the arrangements have been finalised for Inter-Provincial Games 2006 being held under the aegis of Punjab Olympic Association in collaboration with Government of the Punjab under floodlights here at Punjab Stadium from September 16 to 18.
Published 13 Sep, 2006 12:00am
Special package demanded for rain-hit growers

Special package demanded for rain-hit growers

The Sindh Chamber of Agriculture (SCA) has expressed grave concern on destruction of all agriculture crops due to rains in lower Sindh, and demanded of the federal government for special package to growers along with exemption and remission in all taxes,
Published 13 Sep, 2006 12:00am
Paper merchants back PIAF in LCCI polls

Paper merchants back PIAF in LCCI polls

Pakistan Paper Merchants Association has announced their unconditional support for the PIAF-Founders Alliance in the forthcoming Lahore Chamber of commerce and Industry (LCCI) polls on Tuesday. According to an Alliance's spokesman, the paper market leader
Published 13 Sep, 2006 12:00am
Eight cars, 10 motorcycles recovered

Eight cars, 10 motorcycles recovered

The Capital City Police Karachi and Anti Car Lifting Cell (ACLC) on Tuesday recovered eight four-wheelers and 10 motorcycles. According to a handout the city police and ACLC have raided several places in the city and recovered theft or stolen four-wheeler
Published 13 Sep, 2006 12:00am
Arbab tells sugar mills to start crushing from October 1

Arbab tells sugar mills to start crushing from October 1

Sindh Chief Minister Dr Arbab Ghulam Rahim instructed all sugar mills owners to start sugar cane crushing from October 1, otherwise action would be taken against them in accordance with law. He was presiding over a meeting on Tuesday at Chief Minister's H
Published 13 Sep, 2006 12:00am
'Per capita stainless steel consumption is around 0.5 kg'

'Per capita stainless steel consumption is around 0.5 kg'

Jindal Stainless has organised a conference on enhancing competitiveness through usage of Cr-Mn (Chrome-Manganese) Austenitic Stainless Steel, here on Tuesday. The conference was well attended by the manufacturers, traders, from stainless steel and people
Published 13 Sep, 2006 12:00am
'Only composite dialogue can solve Balochistan issue'

'Only composite dialogue can solve Balochistan issue'

Former Prime Minister and PML central leader, Mir Zafarullha Khan Jamali has said that Balochistan issue cannot be resolved through few words or meetings but needs composite dialogue and good advisors.
Published 13 Sep, 2006 12:00am
Electronic traffic management system to be introduced

Electronic traffic management system to be introduced

Presiding over a meeting of traffic police, Capital City Police Officer (CCPO), Niaz Ahmed Siddiqui said on Tuesday that the Electronic Traffic Management System would soon be introduced and the traffic police would be provided with all the technological
Published 13 Sep, 2006 12:00am
SBP earns record profit of Rs 68.18 billion

SBP earns record profit of Rs 68.18 billion

The Central Board of Directors of State Bank of Pakistan (SBP) at its meeting held in Faisalabad with SBP Governor Dr Shamshad Akhtar in the chair has approved the annual audited accounts of the Bank for the year ended June 30, 2006.
Published 13 Sep, 2006 12:00am
Call to promote good corporate governance

Call to promote good corporate governance

Speakers at a seminar on "Danger-silence at work" organised by Institute of Cost and Management Accountants of Pakistan (ICMAP), said it was essential that employees, who were worried about possible or actual wrongdoing, were able to safely raise their co
Published 13 Sep, 2006 12:00am
Seminar on shrimp fisheries today

Seminar on shrimp fisheries today

A seminar on 'Shrimps fisheries of Pakistan' is being held at a local hotel on Wednesday. According to an announcement here on Tuesday, the moot would be held under the auspices of the Center of Excellence in Marine Biology, University of Karachi.
Published 13 Sep, 2006 12:00am
Overcrowded buses continue to torment Karachiites

Overcrowded buses continue to torment Karachiites

Overcrowding in public transport has created several problems for commuters, especially those who wholly rely on buses, minibuses and coaches. The female commuters have to suffer more than their male counterparts.
Published 13 Sep, 2006 12:00am
Eight killed, 29 injured in road accidents

Eight killed, 29 injured in road accidents

At least eight people were killed in two different road accidents occurred on Tuesday. In the first mishap two persons Muhammad Naeem and Muhammad Rafiq died and a driver Muhammad Ibrahim injured seriously when a truck and trailer collided on Tuesday at Q
Published 13 Sep, 2006 12:00am
Division of Punjab into three 'provinces' demanded

Division of Punjab into three 'provinces' demanded

Pakistan Seraiki Party (PSP) chief, Taj Muhammad Langah, has said that Muttahida Majlis-i-Amal (MMA) president (Qazi) Hussain Ahmed and Jamiat Ulema-e-Islam Ameer Fazlur Rehman have already demanded creation of a 'Seraiki' province in their interviews and
Published 13 Sep, 2006 12:00am
Reservations removed on women's bill: Shujaat

Reservations removed on women's bill: Shujaat

PML Chief, Chaudary Shujaat Hussain on Tuesday said that reservations had been removed with regard to the Women Protection Bill designed to amend the Hudood Ordinance. Talking to PTV, he said a religious matter was becoming a political issue, so the gover
Published 13 Sep, 2006 12:00am
National Assembly speaker, deputy speaker condole

National Assembly speaker, deputy speaker condole

Speaker National Assembly, Chaudhry Amir Hussain and Deputy Speaker, Sardar Muhammad Yaqoob have condoled the passing away of mother-in-law of Leader of the House in the Senate, Wasim Sajjad.
Published 13 Sep, 2006 12:00am
'NVM launching employment, shelter drive for women, kids'

'NVM launching employment, shelter drive for women, kids'

Deputy Chairman National Volunteer Movement (NVM), Barrister Dr Muhammad Ali Saif has said the NVM is seriously considering launching of a massive campaign to provide shelter and employment to destitute women and children.
Published 13 Sep, 2006 12:00am
Bail granted

Bail granted

The Lahore High Court (LHC) has allowed bail to one Khalid Sajid who is facing a charge of fraud on account of dishonouring the cheques given by him to his share holder Qabil Hussain.
Published 13 Sep, 2006 12:00am
PMA concerned over doctors' low salaries

PMA concerned over doctors' low salaries

The Multan chapter of Pakistan Medical Association (PMA) on Tuesday expressed concern over low salaries of doctors, particularly the junior doctors serving in different teaching hospitals.
Published 13 Sep, 2006 12:00am
Elahi calls for check on essential items prices

Elahi calls for check on essential items prices

Punjab Chief Minister Chaudhry Pervaiz Elahi has directed on Tuesday all the DCOs in the province not only to perform their duties as DCOs, but also fulfil responsibilities as a Pakistani so that common man is benefited from completion of development sche
Published 13 Sep, 2006 12:00am
'Government upgrading intellectual property infrastructure'

'Government upgrading intellectual property infrastructure'

The government has increased its policy focus on intellectual property management and upgradation of intellectual property infrastructure for socio-economic development in the ongoing globalisation movement.
Published 13 Sep, 2006 12:00am
Japan embassy's children art, speech contest

Japan embassy's children art, speech contest

The Embassy of Japan is organising the Japan Children Art Competition and Speech Contest here at Aabpara Community Center on Wednesday. The event was being organised by the Japan Embassy in collaboration with the Pakistan-Japan Cultural Association, Islam
Published 13 Sep, 2006 12:00am
Hindko mystic poet's work published

Hindko mystic poet's work published

Gandhara Hindko Board, a literary, cultural and social welfare organisation, has published the work of Hindko mystic poet Sain Ahmad Ali in a single volume.
Published 13 Sep, 2006 12:00am
Economy growing at fast pace: minister

Economy growing at fast pace: minister

Pakistan which has become one of the most conducive places for investment is fetching huge foreign investment and Canadian entrepreneurs can also benefit from conducive environment in the country.
Published 13 Sep, 2006 12:00am
Canadian firms plan joint ventures with Pakistani companies

Canadian firms plan joint ventures with Pakistani companies

Canada-Pakistan Business Council President Anwar Andy Merchant has said that a number of big Canadian business concerns are planning to initiate joint ventures with their Pakistani counterparts, as the steady growth rate being witnessed by Pakistan due to
Published 13 Sep, 2006 12:00am
'Some opposition leaders want a secret deal with government'

'Some opposition leaders want a secret deal with government'

The Pakistan Tehrik-e-Insaf (PTI) on Tuesday alleged that some Opposition politicians wanted an underhand deal with the rulers, saying there was hardly any chance of all the Opposition groups uniting on one-point agenda to send President Musharraf packing
Published 13 Sep, 2006 12:00am
Former SCBA member sends letter to Chief Justice

Former SCBA member sends letter to Chief Justice

A former member of the executive committee SCBA Tariq Aziz has sent a letter to Chief Justice Pakistan praying to restrain Lahore High Court form appointing civil judges on the basis of interview only. In his letter Tariq Aziz said that selection of the j
Published 13 Sep, 2006 12:00am
Chinese commodities expo in Lahore from September 21

Chinese commodities expo in Lahore from September 21

"Chinese export commodities exhibition" will be held here from September 21 to 24, showcasing industrial potential of west Chinese province of Xinjiang. A delegation of 200 persons from Xinjiang, mostly industrialists and businessmen would participate in
Published 13 Sep, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (September 12, 2006) and the forecast for Wednesday (September 13, 2006).
Published 13 Sep, 2006 12:00am
Punjab chief minister urged to help recover kidnapped youth

Punjab chief minister urged to help recover kidnapped youth

A citizen of Toba Tek Singh Rana Shaukat Siddiqui has called upon the Punjab chief minister to get recovered his nephew Muhammad Farooq, who was kidnapped by one Khurshid with the help of law providers.
Published 13 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 13 Sep, 2006 12:00am
'US military not needed to track Osama'

'US military not needed to track Osama'

Pakistan does not need US-led coalition forces based in Afghanistan to help them capture al Qaeda leader Osama bin Laden on home soil, an official said on Tuesday.
Published 13 Sep, 2006 12:00am
Musharraf greets Akihito on birth of grandson

Musharraf greets Akihito on birth of grandson

President Pervez Musharraf has felicitated His Imperial Majesty Akihito, Emperor of Japan on the birth of his grandson. The President in a message sent to the Japanese Emperor said, "My wife joins me in extending to you and to Her Imperial Majesty the Emp
Published 13 Sep, 2006 12:00am
Musharraf urges expatriates to promote Pakistan's image

Musharraf urges expatriates to promote Pakistan's image

President Pervez Musharraf on Monday said that he looks forward to enhancing relations between Pakistan and Belgium and urged Pakistani community to promote Pakistan's image and work for well-being of their adopted country.
Published 13 Sep, 2006 12:00am
Transfers and postings in LHC

Transfers and postings in LHC

The Chief Justice of the Lahore High Court (LHC) made transfers and postings among 17 additional district and sessions judges.
Published 13 Sep, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 12, 2006).

Published 13 Sep, 2006 12:00am
LHC orders shifting of case to ATC

LHC orders shifting of case to ATC

The Lahore High Court (LHC) has allowed petition of Hina, daughter of former minister Derrick Siprin and directed to shift the case to anti-terrorist court (ATC).
Published 13 Sep, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (September 12, 2006) and for Wednesday (September 13, 2006).
Published 13 Sep, 2006 12:00am
Three-member body to visit proposed site of Swat Hydel project

Three-member body to visit proposed site of Swat Hydel project

A three-member committee comprising Federal Minister for Water and Power, Liaquat Ali Jatoi, Federal Minster for Political Affairs, Amir Muqam and NWFP Chief Minster, Akram Durrani will shortly visit the proposed site of Swat Hydel Projects.
Published 13 Sep, 2006 12:00am
ILO designs training module for women councillors

ILO designs training module for women councillors

The International Labour Organisation (ILO), in collaboration with the Women Political Schools (WPS) project of the Ministry of Women Development, has developed a training module for imparting training to about 28,000 women councilors.
Published 13 Sep, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 12, 2006).

Published 13 Sep, 2006 12:00am
PTCL extends WLL service to 800 cities

PTCL extends WLL service to 800 cities

Pakistan Telecommunication Limited (PTCL) has extended Wireless Local Loop (WLL) service to over 800 cities and towns of the country and tally of its customers has reached over 0.7 million, PTCL is thus the largest WLL service provider in Pakistan.
Published 13 Sep, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 12, 2006).

Published 13 Sep, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 12, 2006).

Published 13 Sep, 2006 12:00am
Unilever workshop held

Unilever workshop held

Unilever Pakistan Limited on Tuesday hold its second annual art workshop for teachers to mark the commencement of the art project for schools. The workshop was conducted by Head of the department of textile design at the Indus Valley School of Art and Arc
Published 13 Sep, 2006 12:00am
IUCN workshop on national urban air quality

IUCN workshop on national urban air quality

IUCN Pakistan, Pakistan Clean Air Network (PCAN) and Clean Air Initiative for Asian Cities (CAI-Asia), in collaboration with the Pakistan Environmental Protection Agency (Pak EPA).
Published 13 Sep, 2006 12:00am
THE RUPEE: mixed trend on money market

THE RUPEE: mixed trend on money market

Steadier trend was seen in the interbank market on Tuesday as the rupee-dollar parity rates stayed put for buying and selling at 60.45 and 60.47 despite the higher corporate demand for the US currency, dealers said.
Published 13 Sep, 2006 12:00am
One-to-one contest for KCCI chief's election

One-to-one contest for KCCI chief's election

After a long time, no groups have filed nominations for Karachi Chamber of Commerce and Industry (KCCI) annual election, except Businessmen Group (BMG) of Siraj Kasim Teli faction. There is one-to-one contest for the president's seat as Zakaria Usman is c
Published 13 Sep, 2006 12:00am
THE RUPEE: mixed trend on money market

THE RUPEE: mixed trend on money market

Steadier trend was seen in the interbank market on Tuesday as the rupee-dollar parity rates stayed put for buying and selling at 60.45 and 60.47 despite the higher corporate demand for the US currency, dealers said.
Published 13 Sep, 2006 12:00am
Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended 30th June 2006

Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended 30th June 2006

During the year under review the company posted net sales at Rs 481.26 mln which is the record figure in the company's history. In this period, the gross profit amounted to Rs 53.76 mln gross profit has hovered around Rs 53.47 mln to Rs 53.86 in three-yea
Published 13 Sep, 2006 12:00am
British Council awareness drive against honour killing underway

British Council awareness drive against honour killing underway

To grapple with the curse of honour killing, the British Council is running an awareness campaign about the issue in the rural Sindh and Southern Punjab. To highlight the religious and traditional misinterpretations a national conference is being organise
Published 13 Sep, 2006 12:00am
Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended 30th June 2006

Textile Spinning: SANA INDUSTRIES LIMITED - Year Ended 30th June 2006

During the year under review the company posted net sales at Rs 481.26 mln which is the record figure in the company's history. In this period, the gross profit amounted to Rs 53.76 mln gross profit has hovered around Rs 53.47 mln to Rs 53.86 in three-yea
Published 13 Sep, 2006 12:00am
'SAP helps cut costs, improve productivity'

'SAP helps cut costs, improve productivity'

Business organisations in Pakistan were increasingly acquiring integrated business software solutions like SAP, which is helping them to cut their costs and improve productivity.
Published 13 Sep, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (September 12, 2006).

Published 13 Sep, 2006 12:00am
CNG stations facing low gas pressure

CNG stations facing low gas pressure

The owners and dealers of compressed natural gas (CNG) stations have expressed concern over low gas pressure in the metropolis. This was disclosed at a joint press briefing, attended by the organisers of CNG Conex-2006, to elaborate 'Third International C
Published 13 Sep, 2006 12:00am
Mega tax scam: CBR to approach Interpol to nab culprits

Mega tax scam: CBR to approach Interpol to nab culprits

The National Assembly standing committee on finance and revenue has expressed serious concern over no punitive action taken against senior tax officials allegedly involved in M/s Bawan Shah Group of Companies (BSGC) mega tax scam.
Published 13 Sep, 2006 12:00am
Ruet body to meet on September 23

Ruet body to meet on September 23

A meeting of Ruet-e-Hilal committee for sighting the moon of Ramazan-ul-Mubarak will be held on September 23 (Saturday) in the Radio Pakistan, Empress Road Lahore.
Published 13 Sep, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Both the houses of parliament met on Tuesday: The National Assembly in the morning and the Senate in the evening. While the assembly could stay in session for about two hours and then was adjourned due to lack of quorum the Senate sitting lasted only abou
Published 13 Sep, 2006 12:00am
Rokeya Sultana's works on display at Chawkandi Art

Rokeya Sultana's works on display at Chawkandi Art

New paintings of Rokeya Sultana were on display at Chawkandi Art comprised of 33 artworks. Rokeya Sultana's recent works is a reminiscent of Tagore's Odhora madhuri dhorechhi chhando bandhone (I have captured this unearthly beauty in the rhymes and meters
Published 13 Sep, 2006 12:00am
'Roadmap to implement Basel-II chalked out'

'Roadmap to implement Basel-II chalked out'

State Bank (SBP) governor Dr Shamshad Akhtar has said the central bank has chalked out a roadmap for smooth implementation of Basel-II accord in a phased manner.
Published 13 Sep, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (September 12, 2006).

Published 13 Sep, 2006 12:00am
'Pakistan Navy to continue global war on terrorism'

'Pakistan Navy to continue global war on terrorism'

The Chief of the Naval Staff, Admiral Muhammad Afzal Tahir, has reaffirmed Pakistan Navy's commitment to the maritime component of operation 'Enduring Freedom' and has reiterated its pledge to continue playing an active role in the global war on terrorism
Published 13 Sep, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Sep, 2006 12:00am
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