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Print - 2006-10-18
New Islamabad airport design not yet approved

New Islamabad airport design not yet approved

The Government has not yet approved the design of the New Islamabad International Airport (NIIA) submitted by five international construction companies to Managing Board of Civil Aviation Authority (CAA).
Published 18 Oct, 2006 12:00am
Major shuffling in top bureaucracy

Major shuffling in top bureaucracy

In a midnight move, the Establishment Division reshuffled the country's top bureaucracy, as a result of which, Prime Minister's Principal Secretary Javed Sadiq Malik has been appointed Federal Ombudsman. He tendered his resignation to become eligible for
Published 18 Oct, 2006 12:00am
Major shuffling in top bureaucracy

Major shuffling in top bureaucracy

In a midnight move, the Establishment Division reshuffled the country's top bureaucracy, as a result of which, Prime Minister's Principal Secretary Javed Sadiq Malik has been appointed Federal Ombudsman. He tendered his resignation to become eligible for
Published 18 Oct, 2006 12:00am
BoK managing director and French envoy meet Aurakzai

BoK managing director and French envoy meet Aurakzai

The newly appointed Managing Director and Chief Executive Officer of Bank of Khyber, Iqbal Ashraf, called on NWFP Governor Ali Muhammad Jan Aurakzai at the Governor House here on Tuesday.
Published 18 Oct, 2006 12:00am
Opposition moves two motions in parliament

Opposition moves two motions in parliament

The combined Opposition on Tuesday moved two motions in the Parliament, seeking debate on the government's reneging on its commitment to pass on benefits of the 25 percent cut in oil prices in the international market to the common man.
Published 18 Oct, 2006 12:00am
Army interventions impeded political stability: Qazi

Army interventions impeded political stability: Qazi

The Muttahida Majlis-i-Amal President Qazi Hussain Ahmed on Tuesday ruled out the possibility of a popular anti-Musharraf movement sans opposition's joint stand. Speaking at an Iftar-dinner here at his residence, MMA leader held the military responsible f
Published 18 Oct, 2006 12:00am
100 telecom centres to be set up in remote areas

100 telecom centres to be set up in remote areas

Pakistan Telecommunication Authority (PTA) has finalised a project to establish over 100 free of cost telecom centres to serve the people of remote and far-flung areas, Business Recorder learnt on Monday.
Published 18 Oct, 2006 12:00am
Bills payment by PTCL calling cards starts

Bills payment by PTCL calling cards starts

The Pakistan Telecommunication Company Limited (PTCL) has introduced bill payment system for paying phone bills using PTCL calling cards. Arrangements has been made for payment of three bills through their own telephone during a billing cycle. For further
Published 18 Oct, 2006 12:00am
MoWD completes training of 2800 women councillors

MoWD completes training of 2800 women councillors

The Women Development Ministry has successfully completed the political training of 2800 women councillors across the country in collaboration with the International Labour Organisation (ILO).
Published 18 Oct, 2006 12:00am
National Assembly committee concerned over poor law and order

National Assembly committee concerned over poor law and order

The National Assembly Standing Committee on Interior on Tuesday expressed concern over the deteriorating law and order situation and asked the interior ministry to inform it about the latest measures taken to curb crimes across the country.
Published 18 Oct, 2006 12:00am
Government committed to resolving Wage Award issue: Durrani

Government committed to resolving Wage Award issue: Durrani

Federal Information and Broadcasting Minister Muhammad Ali Durrani has said the government alone cannot meet the rehabilitation and reconstruction challenge of the quake-hit people and urged the civil society and non-governmental organisations (NGOs) to s
Published 18 Oct, 2006 12:00am
Prime Minister urges ulema to project true image of Islam

Prime Minister urges ulema to project true image of Islam

Prime Minister Shaukat Aziz said Ulema and mashaikh had a vital role to play to project true image of Islam and promote peace, brotherhood and harmony in the society. He was addressing Ulema and mashaikh at an Iftar dinner hosted by him in their honour he
Published 18 Oct, 2006 12:00am
Nishtar Hospital gets radiotherapy machine

Nishtar Hospital gets radiotherapy machine

Punjab government has equipped Nishtar Hospital with an ultra-modern high energy radiotherapy machine for the treatment of cancer patients, said Professor Dr Abrar Ahmed Javed, in-charge Radiotherapy and Oncology department. Talking to newsmen on Tuesday,
Published 18 Oct, 2006 12:00am
'New proteomic technology has potential to combat cancer'

'New proteomic technology has potential to combat cancer'

Scientists have proposed that in order to develop more sensitive and specific cancer diagnostic tests, one should measure many biomarkers in a fluid simultaneously. It was estimated that there were on the order of 100,000 to a million different proteins i
Published 18 Oct, 2006 12:00am
London's black cabs to roll on Pakistani streets

London's black cabs to roll on Pakistani streets

United Kingdom-owned carmaker, Manganese Bronze, is in talks that could lead to traditional London taxis rolling along streets of Pakistan by the end of the year. The maker of black cabs have confirmed that it will be ready to start shipping its cabs to P
Published 18 Oct, 2006 12:00am
Bright potential exists to promote AJK tourism industry

Bright potential exists to promote AJK tourism industry

Azad Jammu & Kashmir (AJK) President Raja Zulqarnain has said bright potential is available for the promotion of the tourism industry in AJK and the government was initiating various affective steps for the development of tourism with the co-ordination of
Published 18 Oct, 2006 12:00am
Local government system helps bring people, government closer: NRB

Local government system helps bring people, government closer: NRB

Chairman, National Reconstruction Bureau (NRB) Danyal Aziz has said Local Government system had strengthened relationship between the government and people. He was speaking to the elected representatives and citizen at Sachal Auditorium, Khairpur here on
Published 18 Oct, 2006 12:00am
Rs 20 million plan for Sialkot sports goods industry

Rs 20 million plan for Sialkot sports goods industry

Punjab Small Industries Corporation (PSIC) is finalising necessary arrangements in collaboration with the Small and Medium Enterprises Development Authority (Smeda) for setting up a Product Development Centre (PDC) at a cost of Rs 20 million for assisting
Published 18 Oct, 2006 12:00am
FDP handles 2739 containers in September

FDP handles 2739 containers in September

Faisalabad Dry Port (FDP) has handled as many as 2,739 containers during the month of September, showing an increase in export and decrease in import. Giving monthly progress report of export containers handled by the FDP, a spokesman said that it handled
Published 18 Oct, 2006 12:00am
Multan Fokker crash damages case put off

Multan Fokker crash damages case put off

A civil court on Tuesday adjourned hearing for November 4 of a damages suit of Rs 2 billion for the heirs of the victims of the Multan Fokker crash tragedy which occurred on July 10.
Published 18 Oct, 2006 12:00am
LHC orders release of Hafiz Saeed

LHC orders release of Hafiz Saeed

The Lahore High Court (LHC) while setting aside the detention orders of Chief of Jamaat-ud-Dawa Hafiz Muhammad Saeed has ordered his release forthwith.
Published 18 Oct, 2006 12:00am
Justice Rabbani takes oath as ad hoc Supreme Court judge

Justice Rabbani takes oath as ad hoc Supreme Court judge

Justice Ghulam Rabbani on Tuesday took oath as an ad hoc judge of the Supreme Court for a period of further one and a half year after the expiry of his already mentioned period which was six month as per notification of his appointment.
Published 18 Oct, 2006 12:00am
Rs 155 million grant for construction of two hostels

Rs 155 million grant for construction of two hostels

Governor Punjab has announced the grant of Rs 155 million for the construction of two residential hostels and for the strengthening of WTO Cell at University of Agriculture Faisalabad. While two more hostels would be constructed with Rs 200 million out of
Published 18 Oct, 2006 12:00am
'Efforts on to modernise agriculture marketing'

'Efforts on to modernise agriculture marketing'

The Punjab government is making efforts to reorganise the agri marketing system in the province on modern and scientific lines, to benefit all stakeholders including consumers.
Published 18 Oct, 2006 12:00am
ADB hails NWFP government financial discipline

ADB hails NWFP government financial discipline

Asian Development Bank (ADB) has eulogised the performance of the NWFP government for maintaining outstanding financial discipline and ensuring transparent use of foreign loans whereas prompt release of the next instalments of financial assistance for dev
Published 18 Oct, 2006 12:00am
UN Development Fund: Pakistan urges raise in allocation

UN Development Fund: Pakistan urges raise in allocation

Pakistan has called for a "fair increase" in the allocation for the UN's Development Account set up in 1997 to fund technical co-operation projects for the benefit of developing countries.
Published 18 Oct, 2006 12:00am
SBP to give October salary to its staff tomorrow

SBP to give October salary to its staff tomorrow

The State Bank of Pakistan (SBP) has decided to disburse the salary for the month of October 2006 to all its officers and staff as well as the retired employees on October 19, in view of the ensuing Eidul-Fitr.
Published 18 Oct, 2006 12:00am
KCCI to set up MOUs implementation committee

KCCI to set up MOUs implementation committee

The Karachi Chamber of Commerce and Industry (KCCI) has plan to set up a permanent committee for implementation of Memorandums of Understanding (MOUs). The chamber is conceptualising the modus operandi of this committee so that the chamber has a continuou
Published 18 Oct, 2006 12:00am
New building in arts faculty of Sindh University

New building in arts faculty of Sindh University

The construction of additional arts faculty classes of University of Sindh completed while remaining ongoing work of classes and auditorium would be completed during the next month. The Vice Chancellor University of Sindh Mazharul Haq Siddiqui inaugurated
Published 18 Oct, 2006 12:00am
41 profiteers booked, fined

41 profiteers booked, fined

The DDOs of Revenue and Mukhtiarkars of Hyderabad district while exercising special powers of special judicial magistrate have paid their surprise visits at different markets on Monday to curb the trend of increasing prices and maintain Ehtram-e-Ramzan Or
Published 18 Oct, 2006 12:00am
Eid shopping gains momentum in Lahore

Eid shopping gains momentum in Lahore

With only a few days left in Eid-ul-Fitr, Eid shopping is picking up momentum in the provincial capital, as most of the shopping centres, markets and shops are thronged by shoppers particularly at night.
Published 18 Oct, 2006 12:00am
Nominee for FPCCI president's slot through consensus: BP

Nominee for FPCCI president's slot through consensus: BP

The nominee of Businessmen Panel (BP) for the office of President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the 2007-2008 two-year term would be made through consensus.
Published 18 Oct, 2006 12:00am
LCCI team meets Shaukat today

LCCI team meets Shaukat today

A 32-member delegation of Lahore Chamber of Commerce and Industry (LCCI) would meet Prime Minister Shaukat Aziz at the Governor's House on Wednesday.
Published 18 Oct, 2006 12:00am
French envoy, SCCI agree on steps to promote bilateral trade

French envoy, SCCI agree on steps to promote bilateral trade

The French Ambassador, Regis de Belenet, and President of Sarhad Chamber of Commerce & Industry (SCCI), Liaquat Ahmad Khan, on Tuesday agreed to take steps for promotion of investment, initiation of measures for bringing improvement in trade relations.
Published 18 Oct, 2006 12:00am
KSE holidays

KSE holidays

The Karachi Stock Exchange (KSE) will remain closed for six days, from October 20, 2006, to October 25, 2006. In a notice issued here on Tuesday the KSE announced that the stock market would remain closed on Friday, October 20, 2006 on account of Jummah-t
Published 18 Oct, 2006 12:00am
Transfer of oil from Orion-I delayed

Transfer of oil from Orion-I delayed

The transfer of fuel oil from oil barge Orion-I was delayed for another day as pumping equipment arrived late here. The boat's owner Malik Qutubbdin told APP here on Tuesday that about 68 tonnes of heavy fuel oil is still present in four tanks of Orion-I
Published 18 Oct, 2006 12:00am
PPPP claims massive bungling in POL pricing formula

PPPP claims massive bungling in POL pricing formula

Pakistan People's Party Parliamentarians on Tuesday claimed that National Accountability Bureau had confirmed that massive bungling was committed in the petroleum pricing formula, resulting in an unprecedented profit margin for petroleum companies.
Published 18 Oct, 2006 12:00am
Prime Minister takes notice of Dengue spread

Prime Minister takes notice of Dengue spread

Prime Minister Shaukat Aziz taking serious notice of the reports regarding spread of the Dengue fever in parts of Pakistan especially in Sindh has directed the Federal Ministry of Health and the Government of Sindh to take all necessary steps to prevent t
Published 18 Oct, 2006 12:00am
President asks people to vote for moderate forces

President asks people to vote for moderate forces

President Pervez Musharraf has called on the people to vote for moderate forces in the 2007 elections and expressed the hope that continuation and strengthening of democratic process will lead to emergence of dynamic leadership in the country.
Published 18 Oct, 2006 12:00am
Shaukat for greater unity to meet challenges

Shaukat for greater unity to meet challenges

Prime Minister Shaukat Aziz has called for greater national unity to effectively meet challenges that confront Pakistan both from outside and from within.
Published 18 Oct, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (October 17, 2006) and the forecast for Wednesday (October 18, 2006).
Published 18 Oct, 2006 12:00am
Over 1,000 Afghans registered

Over 1,000 Afghans registered

More than 1,000 Afghans were registered at the weekend as the government has started a landmark exercise to issue them identity cards for the very first time.
Published 18 Oct, 2006 12:00am
New York cotton

New York cotton

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

Published 18 Oct, 2006 12:00am
Iran offers assistance in auto parts, engineering

Iran offers assistance in auto parts, engineering

The newly appointed Peshawar based Consul General of the Iran Mohammad Eghbal Ali Asgari on Tuesday offered co-operation to Pakistan in skill development of the engineering services and auto mobile spare parts.
Published 18 Oct, 2006 12:00am
New York cotton

New York cotton

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

Published 18 Oct, 2006 12:00am
TCP wants fixed commission on domestic operations

TCP wants fixed commission on domestic operations

The Trading Corporation of Pakistan (TCP) has demanded of the federal government a fixed commission on its domestic commercial operations, besides implementing the Economic Co-ordination Committee (ECC) of the Cabinet decision of granting it four percent
Published 18 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 18 Oct, 2006 12:00am
Remission for prisoners

Remission for prisoners

The Government of NWFP has on the occasion of Eidul Fitr, granted sixty days remission to all convicted prisoners (except National Accountability Bureau prisoners) confined in jails/lock ups of the province. The remission will take effect from October 20,
Published 18 Oct, 2006 12:00am
Ministry directed to check malpractices in embassies

Ministry directed to check malpractices in embassies

The Public Accounts Committee (PAC) has directed the Foreign Ministry to chalk out a strategy aimed at controlling surging embezzlement in Pakistani embassies and missions abroad. At a meeting here on Tuesday, the PAC observed misappropriation of consular
Published 18 Oct, 2006 12:00am
'US must reassess policies towards Muslim world'

'US must reassess policies towards Muslim world'

Chairman of Senate Foreign Relations Committee Senator Mushahid Hussain Sayed has said that United States should change its policies towards Muslim Ummah and should not link terrorism with Islam.
Published 18 Oct, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
Syria honours Pakistani envoy

Syria honours Pakistani envoy

Syrian Assistant Foreign Minister Ahmad Arnous has presented Ambassador of Pakistan in Damascus Abdul Moiz Bukhari with a memorial gift at end of his diplomatic mission to Syria and in appreciation to efforts he made to develop relations between the two c
Published 18 Oct, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
Pakistan eager to take forward peace talks with India: Musharraf

Pakistan eager to take forward peace talks with India: Musharraf

A high-level meeting was held in President Camp Office, Rawalpindi, on Tuesday under the chairmanship of President General Pervez Musharraf to discuss the matters related to rehabilitation and reconstruction of quake-hit areas in Azad Kashmir.
Published 18 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
Amended income tax form issued

Amended income tax form issued

The Central Board of Revenue (CBR) has issued the amended income tax challan-cum-payment form, specifying head of payment and rate of tax under relevant sections of the Income Tax Ordinance, 2001. The board on Tuesday has replaced old challan form for all
Published 18 Oct, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
Chinese team keen to set up refinery

Chinese team keen to set up refinery

A Chinese delegation visited Pakistan State Oil (PSO) House and held discussions with the top management of the company. Director Refining, Ministry of Petroleum and Natural Resources, Muhammad Azam, and officials of the Chinese consulate accompanied the
Published 18 Oct, 2006 12:00am
Pakistan, Japan agree to explore avenues for oil and gas cooperation

Pakistan, Japan agree to explore avenues for oil and gas cooperation

Pakistan and Japan have agreed to explore avenues of co-operation in the oil and gas sector for the benefit of the two countries. Such unanimity of views was expressed during a meeting between Federal Minister for Petroleum and Natural Resources Amanullah
Published 18 Oct, 2006 12:00am
THE RUPEE: 10 paisa gain versus dollar in open market

THE RUPEE: 10 paisa gain versus dollar in open market

The rupee extended its overnight gains versus the dollar in the open market on Tuesday as it posted fresh gain of 10 paisa for buying and selling at 60.65 and 60.67, respectively.
Published 18 Oct, 2006 12:00am
Iceland to resume commercial whale hunts

Iceland to resume commercial whale hunts

Iceland decided on Tuesday to resume commercial whale hunts for the first time in two decades, ignoring an international moratorium. "The decision to resume sustainable whaling involves takes of 30 minke whales and nine fin whales" in the year ending Augu
Published 18 Oct, 2006 12:00am
THE RUPEE: 10 paisa gain versus dollar in open market

THE RUPEE: 10 paisa gain versus dollar in open market

The rupee extended its overnight gains versus the dollar in the open market on Tuesday as it posted fresh gain of 10 paisa for buying and selling at 60.65 and 60.67, respectively.
Published 18 Oct, 2006 12:00am
Rs 7,000 million market treasury bills sold

Rs 7,000 million market treasury bills sold

The State Bank of Pakistan (SBP) sold a total of Rs 7,000 million of Market Treasury bills (MTBs) on Tuesday in a nine-day and 14-day repo operation to mop up funds from the money market.
Published 18 Oct, 2006 12:00am
Rs 7,000 million market treasury bills sold

Rs 7,000 million market treasury bills sold

The State Bank of Pakistan (SBP) sold a total of Rs 7,000 million of Market Treasury bills (MTBs) on Tuesday in a nine-day and 14-day repo operation to mop up funds from the money market.
Published 18 Oct, 2006 12:00am
15 companies' trading suspended

15 companies' trading suspended

The management of Karachi Stock Exchange (KSE) has decided that trading in the shares of 15 companies shall be kept suspended for a further period of 60 days from October 18, 2006, or until such time as the cause of suspension is removed.
Published 18 Oct, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
920 companies registered by SECP in July-September

920 companies registered by SECP in July-September

The Securities and Exchange Commission of Pakistan (SECP) registered 920 companies in the first quarter (July-September) of the current financial year 2006-07. According to data issued by SECP on Tuesday, the new monthly incorporations were 347 in July, 3
Published 18 Oct, 2006 12:00am
920 companies registered by SECP in July-September

920 companies registered by SECP in July-September

The Securities and Exchange Commission of Pakistan (SECP) registered 920 companies in the first quarter (July-September) of the current financial year 2006-07. According to data issued by SECP on Tuesday, the new monthly incorporations were 347 in July, 3
Published 18 Oct, 2006 12:00am
920 companies registered by SECP in July-September

920 companies registered by SECP in July-September

The Securities and Exchange Commission of Pakistan (SECP) registered 920 companies in the first quarter (July-September) of the current financial year 2006-07. According to data issued by SECP on Tuesday, the new monthly incorporations were 347 in July, 3
Published 18 Oct, 2006 12:00am
New SBP directors

New SBP directors

The Federal Government has nominated three new directors, namely, Iftikhar A Allawala, Zafar A Khan and Muhammad Ali Jogezai, on the Central Board of Directors of the State Bank of Pakistan, for a period of three years with effect from October 16, 2006, s
Published 18 Oct, 2006 12:00am
New SBP directors

New SBP directors

The Federal Government has nominated three new directors, namely, Iftikhar A Allawala, Zafar A Khan and Muhammad Ali Jogezai, on the Central Board of Directors of the State Bank of Pakistan, for a period of three years with effect from October 16, 2006, s
Published 18 Oct, 2006 12:00am
New SBP directors

New SBP directors

The Federal Government has nominated three new directors, namely, Iftikhar A Allawala, Zafar A Khan and Muhammad Ali Jogezai, on the Central Board of Directors of the State Bank of Pakistan, for a period of three years with effect from October 16, 2006, s
Published 18 Oct, 2006 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
Bank of Canada holds rates

Bank of Canada holds rates

The Bank of Canada left interest rates unchanged on Tuesday, as expected, and gave no sign it might cut rates soon, despite a belief that a US slowdown will batter the domestic economy.
Published 18 Oct, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (October 17, 2006).

Published 18 Oct, 2006 12:00am
SHC orders NTDC, Hubco and Wapda to submit report on November 15

SHC orders NTDC, Hubco and Wapda to submit report on November 15

A Division Bench of Sindh High Court (SHC) comprising Chief Justice Sabihuddin Ahmed and Justice Zawwar Hussain Jaffri ordered National Transmission and Distribution Company (NTDC), Hub Power Company (Hubco) and the Water and Power Development Authority (
Published 18 Oct, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Oct, 2006 12:00am
Contract signed for 1200MVA substation at Gakhar

Contract signed for 1200MVA substation at Gakhar

The Water and Power Development Authority and a consortium of Siemens AG Germany and Siemens Pakistan Engineering Co Ltd have signed a contract for the Construction of new 1200 MVA substation at Gakhar, in Gujranwala district.
Published 18 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 18 Oct, 2006 12:00am
Contract signed for 1200MVA substation at Gakhar

Contract signed for 1200MVA substation at Gakhar

The Water and Power Development Authority and a consortium of Siemens AG Germany and Siemens Pakistan Engineering Co Ltd have signed a contract for the Construction of new 1200 MVA substation at Gakhar, in Gujranwala district.
Published 18 Oct, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Oct, 2006 12:00am
Contract signed for 1200MVA substation at Gakhar

Contract signed for 1200MVA substation at Gakhar

The Water and Power Development Authority and a consortium of Siemens AG Germany and Siemens Pakistan Engineering Co Ltd have signed a contract for the Construction of new 1200 MVA substation at Gakhar, in Gujranwala district.
Published 18 Oct, 2006 12:00am
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