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Print - 2006-10-12
AJK president lauds journalists' role

AJK president lauds journalists' role

President of Azad Jammu Kashmir, Raja Zulqarnain Khan has lauded the role of journalist in highlighting the agonies of the affectees of October 8, 2005 devastating earthquake and arousing global financial support for them.
Published 12 Oct, 2006 12:00am
Support voiced for Pak-Afghan tribal talks

Support voiced for Pak-Afghan tribal talks

More than 2,000 people voiced support here on Wednesday for a government plan for talks between tribes on both sides of the Afghan-Pakistan border aimed at ending the Taliban insurgency.
Published 12 Oct, 2006 12:00am
Pakistan ready to extend cooperation to India: foreign office

Pakistan ready to extend cooperation to India: foreign office

Foreign Office Spokesperson Tasneem Aslam has said that Pakistan was ready to extend co-operation to India for investigations into Mumbai blasts. Talking to PTV here on Wednesday she said India has been misusing this unfortunate incident and irresponsibly
Published 12 Oct, 2006 12:00am
Minister hails tribunal's decision

Minister hails tribunal's decision

NWFP minister for information technology Hussain Ahmad Kanju, while hailing the decision of the arbitration tribunal on net hydel profit, greeted Chief Minister Akram Khan Durrani and Minister Siraj-ul-Haq for successfully pleading the case.
Published 12 Oct, 2006 12:00am
PML-N to observe 'black day' today

PML-N to observe 'black day' today

Pakistan Muslim League (Nawaz) will observe October 12 as the black day to mark the military take-over on the same day in 1999, but neither Nawaz Sharif nor Shahbaz will be speaking to the protest meetings across the country.
Published 12 Oct, 2006 12:00am
Hydel net profit: PML claims credit for tribunal decision

Hydel net profit: PML claims credit for tribunal decision

The ruling Pakistan Muslim League (PML-Q) has also claimed credit for the resolution of the longstanding dispute between Wapda and NWFP government over 'net profit' on hydropower generation through Arbitration Tribunal.
Published 12 Oct, 2006 12:00am
Telecentres in remote areas to be established

Telecentres in remote areas to be established

The government is working on a plan to extend telecommunication services to remote areas through model Telecentres where multi-services would be offered at one place.
Published 12 Oct, 2006 12:00am
CDA to expand Kashmir Highway

CDA to expand Kashmir Highway

The Capital Development Authority (CDA) has planned to construct additional third and fourth lanes on Kashmir Highway, costing Rs 2,149.087 million.
Published 12 Oct, 2006 12:00am
National Assembly body takes notice of KESC official's absence

National Assembly body takes notice of KESC official's absence

A meeting of the sub-committee of Standing Committee on Local Government and Rural Development was held here on Wednesday at Parliament House here under the chairmanship of National Assembly member Iqbal Mohammad Ali Khan.
Published 12 Oct, 2006 12:00am
Repatriation of Afghan refugees discussed

Repatriation of Afghan refugees discussed

A high level meeting here on Wednesday discussed plan for repatriation of Afghan refugees from Kacha Garhi and Jalozai camps and took certain decisions in this regard.
Published 12 Oct, 2006 12:00am
Rs 250 million released for Gender Reform Action Plan

Rs 250 million released for Gender Reform Action Plan

The women development ministry has released Rs 250 million out of the total allocated amount of Rs 418.563 million for Gender Reform Action Plan (Grap). Sources told Business Recorder on Wednesday the amount was transferred to 111 districts and Rs
Published 12 Oct, 2006 12:00am
Nazim warns traders against profiteering

Nazim warns traders against profiteering

City District Nazim, Raja Javed Ikhlas has asked the traders to sell edible commodities on reasonable prices and avoid illegal profiteering and hoarding during the holy month of Ramazan.
Published 12 Oct, 2006 12:00am
AJKU decision puts hundreds of students' future in limbo

AJKU decision puts hundreds of students' future in limbo

The Azad Jammu and Kashmir (AJK) University has put endanger the future of hundreds of earthquake affected students by refusing to announce their graduation results due to the non-payment of fee.
Published 12 Oct, 2006 12:00am
National Assembly body seeks Afghan DPs repatriation

National Assembly body seeks Afghan DPs repatriation

The National Assembly Standing Committee on states and frontier regions on Wednesday expressed concerns over the presence of 2.4 million Afghan refugees in Pakistan, and asked for their immediate repatriation. The committee met here with Sardar Fateh Moha
Published 12 Oct, 2006 12:00am
Tevta to introduce Matric (Tech)

Tevta to introduce Matric (Tech)

Technical Education and Vocational Authority (Tevta) is planning to launch Matric (Tech) in selected Tevta institutes across the province which would help revolutionise the concept of technical education at matriculation level.
Published 12 Oct, 2006 12:00am
Rozgar Scheme: sanctions and disbursements will begin in November

Rozgar Scheme: sanctions and disbursements will begin in November

Sanctions and disbursements under the "Rozgar Scheme" of National Bank of Pakistan (NBP) will start in November. The NBP President, Syed Ali Raza stated this, while talking to newsmen at the Iftar here on Tuesday. He said that due to short working timings
Published 12 Oct, 2006 12:00am
Exports to Germany must be diversified: CG

Exports to Germany must be diversified: CG

"There is imperative need to diversify Pakistan's exports to Germany since 80 percent of the trade is restricted to textiles and leather. The present trade regime of both Pakistan and Germany does not reflect the desired potential that is achievable."
Published 12 Oct, 2006 12:00am
LHC calls report

LHC calls report

The Lahore High Court (LHC) has called for a report from deputy director Securities and Exchange Commission of Pakistan (SECP) in a winding up case of Ittefaq group of industries. Former Prime Minister Mian Muhammad Nawaz Sharif had handed over four units
Published 12 Oct, 2006 12:00am
Hyderabad Nazim orders foolproof security measures

Hyderabad Nazim orders foolproof security measures

The Zila Nazim Hyderabad Kanwar Naveed has directed all the DSPs and SHOs of the district to ensure fool-proof security measures to prevent any possibility of crime and terrorist activities especially during the month of Ramazan while people were busy in
Published 12 Oct, 2006 12:00am
Eid Bazaars offering goods at cheaper rates

Eid Bazaars offering goods at cheaper rates

Eid Bazaars have sprung up in different localities of the city, offering latest in readymade garments, jewellery and footwear. A survey of the market on Wednesday showed Eid bazaars offering cotton kurta-shilwar suits for males 30 percent cheaper than the
Published 12 Oct, 2006 12:00am
IBA gets international assistance

IBA gets international assistance

The Institute of Business Administration (IBA) Karachi gets international assistance to help form a new centre for entrepreneur excellence. In a statement issued here on Wednesday.
Published 12 Oct, 2006 12:00am
Orix arranging syndicate funding for CTTL

Orix arranging syndicate funding for CTTL

The Callmate Tellips Telecom Limited (CTTL) has clarified a news item published in a section of press that Orix is only syndicating a loan facility of Rs 750 million on behalf of Callmate.
Published 12 Oct, 2006 12:00am
Karachi MTU to clear 10,000 refund claims before Eid

Karachi MTU to clear 10,000 refund claims before Eid

At least 10,000 refund claims of salaried class, stuck up with MTU, Karachi, would be cleared before Eid, official sources said on Wednesday. They said that the Medium Taxpayers Unit (MTU) was working on the strategy which would ensure refund claims for t
Published 12 Oct, 2006 12:00am
GCU launches fund-raising campaign

GCU launches fund-raising campaign

Endowment Fund Trust of the GC University Lahore has launched a fund raising campaign, which would be used to help the deserving students.
Published 12 Oct, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (October 11, 2006) and the forecast for Thursday (October 12, 2006).
Published 12 Oct, 2006 12:00am
Karachi University to stop holding of supplementary exams

Karachi University to stop holding of supplementary exams

The University of Karachi has decided to discontinue the holding of supplementary examinations for the degree class students. The Pro vice-chancellor of KU, Professor Dr Akhlaq Ahmed, stated this on Wednesday.
Published 12 Oct, 2006 12:00am
New York cotton

New York cotton

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

Published 12 Oct, 2006 12:00am
FPCCI elections likely to lacklustre

FPCCI elections likely to lacklustre

The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI's) elections 2007-08 are likely to be a lacklustre affair as no visible activity and enthusiasm has been displayed by the two arch rivals Businessmen Forum (BF) and Businessmen Panel (B
Published 12 Oct, 2006 12:00am
New York cotton

New York cotton

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

Published 12 Oct, 2006 12:00am
Khalid Saeed elected ECMMA's chairman

Khalid Saeed elected ECMMA's chairman

Engineer Khalid Saeed Khan has been elected Chairman of the Central Committee of Engineering Components & Machinery Manufacturing Association (ECMMA). The other office bearers are: Azmat Javed, Senior Vice Chairman, Asif Dar, Vice Chairman/Chairman Commit
Published 12 Oct, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 12 Oct, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 12 Oct, 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 12 Oct, 2006 12:00am
Fruit and vegetable prices sharply up

Fruit and vegetable prices sharply up

The prices of fruits and vegetables have skyrocketed across the metropolis during the last fifteen days of Ramazan and the government has completely failed to stem rising fruits and vegetables prices.
Published 12 Oct, 2006 12:00am
Quake survivors better poised to go through winter: Erra

Quake survivors better poised to go through winter: Erra

Deputy Chairman Earthquake Reconstruction and Rehabilitation Authority (Erra), Major General Nadeem has said that earthquake survivors are better poised to go through the coming winter conditions and they need not fear any more.
Published 12 Oct, 2006 12:00am
Pak-Mexico joint commission meeting today

Pak-Mexico joint commission meeting today

The first ever meeting of the Pakistan-Mexico joint commission on trade, investment and economic co-operation will be held in Mexico on Thursday, an official statement said here on Wednesday.
Published 12 Oct, 2006 12:00am
Reconstruction process to be completed on time: minister

Reconstruction process to be completed on time: minister

Federal Minister for Housing and Works, Sayed Safwan Ullah has reiterated the government's resolve to complete the reconstruction and rehabilitation process in earthquake-hit areas of NWFP and Azad Kashmir in stipulated time-frame.
Published 12 Oct, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Shaukat and Amir discuss legislative agenda

Shaukat and Amir discuss legislative agenda

Prime Minister Shaukat Aziz on Wednesday discussed with Speaker National Assembly, Chaudhry Amir Hussain the legislative agenda for the forthcoming session of the National Assembly in a meeting here at the PM's House.
Published 12 Oct, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (October 11, 2006) and for Thursday (October 12, 2006).
Published 12 Oct, 2006 12:00am
NWFP minister, brother arrested in murder cases

NWFP minister, brother arrested in murder cases

Additional District and Sessions Judge, Nowshera, Ashfaq Taj, on Wednesday rejected bail petitions of NWFP Health Minister Inayatullah Khan and his brother Anwar Khan in a murder case and ordered their arrests.
Published 12 Oct, 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, October 12, 2006

Published 12 Oct, 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, October 12, 2006

Published 12 Oct, 2006 12:00am
US defends having Pakistan as major ally

US defends having Pakistan as major ally

The United States has strongly defended having Pakistan as its major ally, saying the country has made a strategic decision to ally itself with those who are promoting freedom and democracy.
Published 12 Oct, 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, October 12, 2006

Published 12 Oct, 2006 12:00am
Etekaf preparations under way

Etekaf preparations under way

All the mosques in the city of Karachi are getting readied for the provision of facilities to persons who would go into 'Etekaf' in the mosques for the last ten days of the holy month of Ramazan.
Published 12 Oct, 2006 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Towel makers urge cut in gas prices

Towel makers urge cut in gas prices

The Towel Manufacturers' Association of Pakistan (TMAP) has requested the government to bring down the prices of natural gas in line with the international prices.
Published 12 Oct, 2006 12:00am
Redefining art of Storage Works

Redefining art of Storage Works

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing and imaging and printing.
Published 12 Oct, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
JSS inks deal with Pamco

JSS inks deal with Pamco

Mohammad Wasim Butt, Executive Vice President Jahangir Siddique Securities (JSS) and Mansoor Arifeen, CEO Pamco, signed an agreement whereby the two organisations will commission a detailed technical and commercial feasibility studies to establish an ultr
Published 12 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
Briefing to National Assembly body

Briefing to National Assembly body

Security and Exchange Commission of Pakistan (SECP) Chairman Razi-ur-Rehman will brief the National Assembly's Finance Committee about stock market investigations on October 18, Finance Ministry officials told NNI.
Published 12 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
OGDCL plans to increase investment in exploration, drilling

OGDCL plans to increase investment in exploration, drilling

OGDCL has plans to increase its investments in both offshore and onshore exploration and drilling segments, saying that this capital expenditure program would range from $500 million in 2006-07, $750 in 2007-08 to $640 million in 2008-09, a company statem
Published 12 Oct, 2006 12:00am
EDB holds workshop on energy conservation

EDB holds workshop on energy conservation

A workshop held here on Wednesday on 'Energy Conservation in Steel Sector of Pakistan' under the Engineering Development Board (EDB) has recommended that a case should be made by the government agencies for providing incentives to the industry for investm
Published 12 Oct, 2006 12:00am
THE RUPEE: minor changes in currency parities

THE RUPEE: minor changes in currency parities

Miner changes were seen on the currency market on Wednesday as the rupee gained one paisa versus the dollar at 60.64 and 60.65 for buying and selling, respectively. Slight improvement in the supply of dollar enable the rupee to obtain gains and it is lik
Published 12 Oct, 2006 12:00am
Dry weather forecast

Dry weather forecast

Pakistan Meteorological Department has forecasted mainly dry weather throughout Punjab during the next 24 hours. On Wednesday, maximum and minimum temperatures were recorded at 34.2 and 20.8 celsius in Lahore, respectively.
Published 12 Oct, 2006 12:00am
THE RUPEE: minor changes in currency parities

THE RUPEE: minor changes in currency parities

Miner changes were seen on the currency market on Wednesday as the rupee gained one paisa versus the dollar at 60.64 and 60.65 for buying and selling, respectively. Slight improvement in the supply of dollar enable the rupee to obtain gains and it is lik
Published 12 Oct, 2006 12:00am
Syrian team meets Elahi

Syrian team meets Elahi

A delegation led by Chairman International Engineering and Construction Company of Syria, Wael Hassan, called on Punjab Chief Minister, Chaudhry Pervaiz Elahi, here on Wednesday. Chief Secretary Punjab, Salman Siddique was also present on this occasion.
Published 12 Oct, 2006 12:00am
Canals regulation plan for Rabi season issued

Canals regulation plan for Rabi season issued

Punjab Irrigation Department has issued the regulation plan of the canals during Rabi season 2006-07. The final approval of the plan was given by Punjab Irrigation Water Regulation Advisory Board in a meeting, which was chaired by Provincial Minister for
Published 12 Oct, 2006 12:00am
'Musharraf's visit raises quake victims morale'

'Musharraf's visit raises quake victims morale'

The Azad Jammu & Kashmir (AJK) President Raja Zulqarnain Khan has said that the recent visit of President Pervez Musharraf to quake-hit AJK on the eve of the first anniversary of the October 8 quake has raised the morale of Kashmiris dwelling at either si
Published 12 Oct, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
PHF disburses Rs 361.861 million loans

PHF disburses Rs 361.861 million loans

The Punjab Health Foundation (PHF) has so far disbursed interest free loans worth Rs 361.861 million to doctors to set up their clinics in a view to supplementing the governmental efforts aimed at improving health sector.
Published 12 Oct, 2006 12:00am
Petition filed against appointment of officials

Petition filed against appointment of officials

A member of the Lahore High Court Bar Association (LHCBA) has filed a petition against appointments of advisors to chief minister and parliamentary secretaries praying to the court to declare the same as illegal and without lawful authority.
Published 12 Oct, 2006 12:00am
Plgmea's training programme

Plgmea's training programme

Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) has undertaken a six-month training programme for the workforce of leather garment industry. This was stated by an official of the Plgmea here on Wednesday.
Published 12 Oct, 2006 12:00am
Sindh University admission tests

Sindh University admission tests

The Director Admissions University of Sindh announced on Wednesday that pre-entry test for admission to Masters degree programme for session 2007 will be conducted on October 15, 2006 at 9.00 am. Pre entry test would be conducted in single shift at variou
Published 12 Oct, 2006 12:00am
Traffic jam irks citizens

Traffic jam irks citizens

Effective traffic management resulted in free flow of traffic during the first half of holy month of Ramazan on almost all thoroughfares of Karachi except Golimar up to Business Recorder Road where traffic clog was a daily affair.
Published 12 Oct, 2006 12:00am
'20 Afghans killed in heavy clashes'

'20 Afghans killed in heavy clashes'

Some 20 Afghan militants were killed on Wednesday in heavy fighting with Dutch troops in southern Uruzgan province, a Dutch defence ministry spokesman told AFP. He said the fighting erupted after a combined patrol of Dutch, US and Afghan security forces h
Published 12 Oct, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (October 11, 2006).

Published 12 Oct, 2006 12:00am
'20 Afghans killed in heavy clashes'

'20 Afghans killed in heavy clashes'

Some 20 Afghan militants were killed on Wednesday in heavy fighting with Dutch troops in southern Uruzgan province, a Dutch defence ministry spokesman told AFP. He said the fighting erupted after a combined patrol of Dutch, US and Afghan security forces h
Published 12 Oct, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Oct, 2006 12:00am
Opec moves on slashing output to bolster prices

Opec moves on slashing output to bolster prices

The 11 members of the Opec oil cartel have agreed to slash output by a million barrels a day, the Opec president said here on Wednesday, in a move aimed at shoring up sliding world crude prices. ''Our position to cut one million bpd (barrels per day) has
Published 12 Oct, 2006 12:00am
Board meetings in progress

Board meetings in progress

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

Published 12 Oct, 2006 12:00am
Opec moves on slashing output to bolster prices

Opec moves on slashing output to bolster prices

The 11 members of the Opec oil cartel have agreed to slash output by a million barrels a day, the Opec president said here on Wednesday, in a move aimed at shoring up sliding world crude prices. 'Our position to cut one million bpd (barrels per day) has r
Published 12 Oct, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Oct, 2006 12:00am
Opec moves on slashing output to bolster prices

Opec moves on slashing output to bolster prices

The 11 members of the Opec oil cartel have agreed to slash output by a million barrels a day, the Opec president said here on Wednesday, in a move aimed at shoring up sliding world crude prices. 'Our position to cut one million bpd (barrels per day) has r
Published 12 Oct, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Oct, 2006 12:00am
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