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Print - 2006-11-10
Security tightened after Dargai incident

Security tightened after Dargai incident

After the Dargai suicide attack on military recruits, security has been put on high alert across the province while entry of irrelevant people and vehicles in cantonment areas has been banned.
Published 10 Nov, 2006 12:00am
Use of cell phone jammers being regulated

Use of cell phone jammers being regulated

Pakistan Telecommunication Authority (PTA) is working on a strategy to take action against those institutions involved in using cellular phone jamming devices and causing interference in telecommunication network, Business Recorder has learned.
Published 10 Nov, 2006 12:00am
Tributes paid to Chaudhry Ashraf

Tributes paid to Chaudhry Ashraf

The 23rd death anniversary of Al-Haj Chaudhry Muhammad Ashraf, a former Senator from Sindh and a well-known industrialist and founder of Ashraf Group of Industries, was observed with solemnity.
Published 10 Nov, 2006 12:00am
Al Qaeda link to Dargai suicide attack being probed

Al Qaeda link to Dargai suicide attack being probed

Pakistan on Thursday probed al Qaeda links to a suicide bombing that killed 42 recruits at an army base near the Afghan border, as Britain and the United States expressed outrage over the attack.
Published 10 Nov, 2006 12:00am
Elahi expresses sorrow over Dargai attack

Elahi expresses sorrow over Dargai attack

Punjab Chief Minister Chaudhry Pervaiz Elahi has expressed deep sense of grief and sorrow over the loss of precious lives of the personnel of Punjab Regiment during the suicide attack at Dargai.
Published 10 Nov, 2006 12:00am
Shahid Bugti, Amanullah rejoin JWP

Shahid Bugti, Amanullah rejoin JWP

Former Jamhoori Watan Party (JWP) leaders, Senator Agha Shahid Bugti and Amanullah Kanrani, while announcing to withdraw their resignations, have announced to rejoin the party and vowed to continue mission of Nawab Akbar Bugti.
Published 10 Nov, 2006 12:00am
Sherpao's resignation demanded

Sherpao's resignation demanded

ANP's provincial Chief Bashir Ahmad Bilour condemning the killing of 42 army recruits said on Thursday the federal minister for interior should accept his failure and resign of the job to set an example in the country.
Published 10 Nov, 2006 12:00am
Qazi blames Musharraf for Dargai incident

Qazi blames Musharraf for Dargai incident

MMA President Qazi Hussain Ahmad on Thursday said the sad incident of suicidal attack on armymen in Dargai was an outcome of the wrong policies being persuaded by Pervez Musharraf, which must now be corrected forthwith.
Published 10 Nov, 2006 12:00am
Countrywide dengue cases climb to 3,640

Countrywide dengue cases climb to 3,640

So far, a total of 3,640 patients with signs and symptoms similar to the dengue fever have been admitted to different hospitals across Pakistan. About 1,410 patients have been found positive for dengue fever all over the country by Thursday, said a press
Published 10 Nov, 2006 12:00am
Terrorists warned of stern action

Terrorists warned of stern action

Federal Minister for Interior Aftab Ahmad Khan Sherpao has said that the country could not be left to the leniency of terrorists and warned that stern action would be taken against terrorists and suicide attackers.
Published 10 Nov, 2006 12:00am
Special arrangements for Tableeghi Ijtema

Special arrangements for Tableeghi Ijtema

Motorway police has taken special measure for free flow of traffic for the Raiwind Tableeghi congregation. Special Guidance Centers have been set up on the GT Road to provide any help needed by the commuters.
Published 10 Nov, 2006 12:00am
Security around police training colleges beefed up

Security around police training colleges beefed up

Security in and around of different police training colleges and recruits' training centres in Interior Sindh has been stepped up following the Wednesday's suicide attack in Dargai.
Published 10 Nov, 2006 12:00am
EOBI approves dispute resolution bodies

EOBI approves dispute resolution bodies

Employees Old Age Benefit Institution (EOBI) has approved formation of 'Dispute Resolution Committees' to resolve all outstanding disputes of leather garments exporters.
Published 10 Nov, 2006 12:00am
Furniture demand declines by 30 percent

Furniture demand declines by 30 percent

The demand of household furniture goods has witnessed a straight decline of around 30 percent during the last five years in the wake of higher raw material prices and lower purchasing power, dealers said on Thursday.
Published 10 Nov, 2006 12:00am
13 companies share's trading to remain suspended

13 companies share's trading to remain suspended

The management of the Karachi Stock Exchange (KSE) has decided that trading in the shares of 13 companies shall be kept suspended for a further period of 60 days from November 10, or until such time as the cause of suspension is removed.
Published 10 Nov, 2006 12:00am
Malaysia seeks duty cut on palm oil import

Malaysia seeks duty cut on palm oil import

Malaysia has requested Pakistan to slash 20 percent regulatory and customs duty on import of crude palm oil (CPO) before fully implementing free trade agreement (FTA).
Published 10 Nov, 2006 12:00am
Malaysia seeks duty cut on palm oil import

Malaysia seeks duty cut on palm oil import

Malaysia has requested Pakistan to slash 20 percent regulatory and customs duty on import of crude palm oil (CPO) before fully implementing free trade agreement (FTA).
Published 10 Nov, 2006 12:00am
Malaysia seeks duty cut on palm oil import

Malaysia seeks duty cut on palm oil import

Malaysia has requested Pakistan to slash 20 percent regulatory and customs duty on import of crude palm oil (CPO) before fully implementing free trade agreement (FTA).
Published 10 Nov, 2006 12:00am
Malaysia seeks duty cut on palm oil import

Malaysia seeks duty cut on palm oil import

Malaysia has requested Pakistan to slash 20 percent regulatory and customs duty on import of crude palm oil (CPO) before fully implementing free trade agreement (FTA).
Published 10 Nov, 2006 12:00am
Changes under way to ensure efficiency: PIA

Changes under way to ensure efficiency: PIA

Recently there have been few reports, editorials and comments in both print and electronic media concerning the financial health of PIA and the new revised standards of the European Union. All this, requires some clarification for the benefit of the gener
Published 10 Nov, 2006 12:00am
Changes under way to ensure efficiency: PIA

Changes under way to ensure efficiency: PIA

Recently there have been few reports, editorials and comments in both print and electronic media concerning the financial health of PIA and the new revised standards of the European Union. All this, requires some clarification for the benefit of the gener
Published 10 Nov, 2006 12:00am
Changes under way to ensure efficiency: PIA

Changes under way to ensure efficiency: PIA

Recently there have been few reports, editorials and comments in both print and electronic media concerning the financial health of PIA and the new revised standards of the European Union. All this, requires some clarification for the benefit of the gener
Published 10 Nov, 2006 12:00am
New Rs 100, Rs 500 notes from today

New Rs 100, Rs 500 notes from today

The State Bank of Pakistan (SBP) is going to issue new currency notes of Rs 100 and Rs 500 denomination in the country on November 10. SBP Governor Dr Shamshad Akhtar is likely to release the new currency notes in a function scheduled at the headquarters
Published 10 Nov, 2006 12:00am
New Rs 100, Rs 500 notes from today

New Rs 100, Rs 500 notes from today

The State Bank of Pakistan (SBP) is going to issue new currency notes of Rs 100 and Rs 500 denomination in the country on November 10. SBP Governor Dr Shamshad Akhtar is likely to release the new currency notes in a function scheduled at the headquarters
Published 10 Nov, 2006 12:00am
New Rs 100, Rs 500 notes from today

New Rs 100, Rs 500 notes from today

The State Bank of Pakistan (SBP) is going to issue new currency notes of Rs 100 and Rs 500 denomination in the country on November 10. SBP Governor Dr Shamshad Akhtar is likely to release the new currency notes in a function scheduled at the headquarters
Published 10 Nov, 2006 12:00am
Textile exporters urged to explore Vietnamese market

Textile exporters urged to explore Vietnamese market

Vietnamese entrepreneurs have approached Pakistani exporters and invited them to explore $5 billion Vietnamese textile market. A member of Vietnam trade promotion delegation, which is on a short visit to Pakistan, told Business Recorder that Pakist
Published 10 Nov, 2006 12:00am
Perception survey: CBR hands over revised forms to Gallup

Perception survey: CBR hands over revised forms to Gallup

The Central Board of Revenue (CBR) has handed over the revised survey forms to the Gallup, Pakistan for launching of a perception survey of taxpayers and government departments about the reform agenda and integrity of the employees.
Published 10 Nov, 2006 12:00am
Onion prices drop to Rs 23 per kg in Lahore

Onion prices drop to Rs 23 per kg in Lahore

The prices of onion in the local market have declined drastically from Rs 60 per kg to Rs 23 per kg mainly due to excessive supply of the commodity.
Published 10 Nov, 2006 12:00am
Textile industry's refund cases to be settled by December 31

Textile industry's refund cases to be settled by December 31

The Central Board of Revenue (CBR) has assured to resolve all the pending cases of textile sales tax refund before December 31. Defending its stance over the refund of sales tax of the textile industry, before the National Assembly Standing Committee, whi
Published 10 Nov, 2006 12:00am
Wolfensohn calls on Shaukat

Wolfensohn calls on Shaukat

Prime Minister Shaukat Aziz has said that Pakistan is a high investment country that offers unlimited opportunities both in fixed income bonds as well as equities. The Prime Minister said this talking to the former World Bank President James D. Wolfensohn
Published 10 Nov, 2006 12:00am
Wolfensohn calls on Shaukat

Wolfensohn calls on Shaukat

Prime Minister Shaukat Aziz has said that Pakistan is a high investment country that offers unlimited opportunities both in fixed income bonds as well as equities. The Prime Minister said this talking to the former World Bank President James D. Wolfensohn
Published 10 Nov, 2006 12:00am
Wolfensohn calls on Shaukat

Wolfensohn calls on Shaukat

Prime Minister Shaukat Aziz has said that Pakistan is a high investment country that offers unlimited opportunities both in fixed income bonds as well as equities. The Prime Minister said this talking to the former World Bank President James D. Wolfensohn
Published 10 Nov, 2006 12:00am
Italian oil company exploring investment opportunities

Italian oil company exploring investment opportunities

Senior Vice President of ENI Petroleum Company of Italy Umbertto Vergine along with members of his delegation called on the Federal Minster for Petroleum and Natural Resources Amanullah Khan Jadoon here on Thursday and discussed investment opportunities i
Published 10 Nov, 2006 12:00am
Italian oil company exploring investment opportunities

Italian oil company exploring investment opportunities

Senior Vice President of ENI Petroleum Company of Italy Umbertto Vergine along with members of his delegation called on the Federal Minster for Petroleum and Natural Resources Amanullah Khan Jadoon here on Thursday and discussed investment opportunities i
Published 10 Nov, 2006 12:00am
Italian oil company exploring investment opportunities

Italian oil company exploring investment opportunities

Senior Vice President of ENI Petroleum Company of Italy Umbertto Vergine along with members of his delegation called on the Federal Minster for Petroleum and Natural Resources Amanullah Khan Jadoon here on Thursday and discussed investment opportunities i
Published 10 Nov, 2006 12:00am
TCS and Satyam get seven-year Qantas deals

TCS and Satyam get seven-year Qantas deals

India's top software exporter, Tata Consultancy Services Ltd and number four Satyam Computer Services Ltd said on Thursday a new order from Qantas Airways Ltd was worth about US $145 million.
Published 10 Nov, 2006 12:00am
DHL starts joint venture in Vietnam

DHL starts joint venture in Vietnam

German express delivery company DHL has formed a joint venture with the state-owned Vietnam Post and Telecommunications Group (VNPT), the companies said on Thursday.
Published 10 Nov, 2006 12:00am
No accord on Japan-Australia trade talks: official

No accord on Japan-Australia trade talks: official

Japan has yet to agree to launch free trade talks with Australia, a senior Japanese government official said on Thursday, denying a media report this week that the two governments had reached a broad agreement.
Published 10 Nov, 2006 12:00am
Britain's trade gap slims

Britain's trade gap slims

Britain's global trade gap narrowed slightly in September, but economists say it remains a drag on the economy and VAT fraud is clouding the horizon.
Published 10 Nov, 2006 12:00am
Canada's trade surplus narrows

Canada's trade surplus narrows

Canada's trade surplus narrowed less than expected in September and the rise in housing prices slowed, signs the economy may be coping reasonably well with the impact of the US slowdown and inflationary pressures.
Published 10 Nov, 2006 12:00am
US trade deficit narrows, consumer sentiment weakens

US trade deficit narrows, consumer sentiment weakens

The US trade deficit narrowed more than expected in September as oil import prices fell, and US consumer sentiment weakened slightly early this month, according to data on Thursday.
Published 10 Nov, 2006 12:00am
Democrats see fight over Bush trade plans

Democrats see fight over Bush trade plans

Several trade-wary Democrats, flush from victory in this week's congressional elections, promised on Wednesday to fight for US manufacturing jobs and to take a tough stance on the Bush administration's free trade agenda.
Published 10 Nov, 2006 12:00am
Austrian Airlines to launch regular Iraq flights

Austrian Airlines to launch regular Iraq flights

Austrian Airlines said on Thursday it would start regular flights from Vienna to the northern Iraqi city of Arbil twice a week as of December 11, nine months after it abandoned a similar plan.
Published 10 Nov, 2006 12:00am
Russian court overturns verdicts on murdered US journalist

Russian court overturns verdicts on murdered US journalist

Russia's top court has overturned the acquittal of all three suspects in the murder of US journalist Paul Klebnikov, who was shot dead in Moscow two years ago, a spokesman for the supreme court told AFP Thursday.
Published 10 Nov, 2006 12:00am
Taiwan panel approves banks to open China branches

Taiwan panel approves banks to open China branches

A Taiwan legislative subcommittee voted on Thursday to let local banks set up branches in China, sending financial shares higher on the prospect of access to the huge mainland market.
Published 10 Nov, 2006 12:00am
Pakistan moves up on UN human development index

Pakistan moves up on UN human development index

Pakistan went up by one point - from 135 in 2005 to 134 in 2006 - on the United Nation's 2004 human development index (HDI), which measures achievements in terms of life expectancy, educational attainment and adjusted real income.
Published 10 Nov, 2006 12:00am
Pakistan moves up on UN human development index

Pakistan moves up on UN human development index

Pakistan went up by one point - from 135 in 2005 to 134 in 2006 - on the United Nation's 2004 human development index (HDI), which measures achievements in terms of life expectancy, educational attainment and adjusted real income.
Published 10 Nov, 2006 12:00am
Karzai condemns Dargai attack

Karzai condemns Dargai attack

Afghan President Hamid Karzai strongly condemned on Thursday a suicide bombing that killed at least 42 soldiers in Dargai, saying the neighbours must unite against a shared terror threat.
Published 10 Nov, 2006 12:00am
Musharraf may visit Afghanistan in December

Musharraf may visit Afghanistan in December

Afghan President Hamid Karzai has formed a joint Jirga consisting of the tribes living near the Pakistan-Afghan border on the either side and President Pervez Musharraf is likely to visit Afghanistan for this purpose in December, reports Voice of America
Published 10 Nov, 2006 12:00am
Allocation for PSDP projects re-adjusted

Allocation for PSDP projects re-adjusted

The Planning and Development Division has re-adjusted allocation for important projects without changing the overall size of Public Sector Development Programme (PSDP) 2006-07.
Published 10 Nov, 2006 12:00am
Allocation for PSDP projects re-adjusted

Allocation for PSDP projects re-adjusted

The Planning and Development Division has re-adjusted allocation for important projects without changing the overall size of Public Sector Development Programme (PSDP) 2006-07.
Published 10 Nov, 2006 12:00am
Allocation for PSDP projects re-adjusted

Allocation for PSDP projects re-adjusted

The Planning and Development Division has re-adjusted allocation for important projects without changing the overall size of Public Sector Development Programme (PSDP) 2006-07.
Published 10 Nov, 2006 12:00am
OGDC board refuses to sign GDRs plan sans guarantee

OGDC board refuses to sign GDRs plan sans guarantee

The government has suffered a serous setback as the Oil and Gas Development Company (OGDC) board declined to endorse the global depository receipts (GDRs) plan without state indemnification to protect the company from any possible legal action from the st
Published 10 Nov, 2006 12:00am
OGDC board refuses to sign GDRs plan sans guarantee

OGDC board refuses to sign GDRs plan sans guarantee

The government has suffered a serous setback as the Oil and Gas Development Company (OGDC) board declined to endorse the global depository receipts (GDRs) plan without state indemnification to protect the company from any possible legal action from the st
Published 10 Nov, 2006 12:00am
OGDC board refuses to sign GDRs plan sans guarantee

OGDC board refuses to sign GDRs plan sans guarantee

The government has suffered a serous setback as the Oil and Gas Development Company (OGDC) board declined to endorse the global depository receipts (GDRs) plan without state indemnification to protect the company from any possible legal action from the st
Published 10 Nov, 2006 12:00am
The Weather

The Weather

The weather report on Thursday (November 09, 2006) and the forecast for Friday (November 10, 2006).
Published 10 Nov, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 10 Nov, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 10 Nov, 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 10 Nov, 2006 12:00am
Desk audit of 12 consumer goods makers likely

Desk audit of 12 consumer goods makers likely

The Central Board of Revenue (CBR) is monitoring sales tax collection on 12 commonly-used consumer products, but it is interesting to note that the revenue collection is not proportionate to the actual consumption in all the major cities.
Published 10 Nov, 2006 12:00am
Desk audit of 12 consumer goods makers likely

Desk audit of 12 consumer goods makers likely

The Central Board of Revenue (CBR) is monitoring sales tax collection on 12 commonly-used consumer products, but it is interesting to note that the revenue collection is not proportionate to the actual consumption in all the major cities.
Published 10 Nov, 2006 12:00am
Desk audit of 12 consumer goods makers likely

Desk audit of 12 consumer goods makers likely

The Central Board of Revenue (CBR) is monitoring sales tax collection on 12 commonly-used consumer products, but it is interesting to note that the revenue collection is not proportionate to the actual consumption in all the major cities.
Published 10 Nov, 2006 12:00am
34 Taliban killed in Afghan clashes

34 Taliban killed in Afghan clashes

Clashes between insurgents and Nato-led troops left 34 Taliban and three policemen dead in the latest violence in Afghanistan, officials said Thursday.
Published 10 Nov, 2006 12:00am
34 Taliban killed in Afghan clashes

34 Taliban killed in Afghan clashes

Clashes between insurgents and Nato-led troops left 34 Taliban and three policemen dead in the latest violence in Afghanistan, officials said Thursday.
Published 10 Nov, 2006 12:00am
Sony PS3 to launch gaming battle, profit elusive

Sony PS3 to launch gaming battle, profit elusive

When Sony Corp launches the PlayStation 3 in Japan this weekend, they will likely fly off store shelves in no time. But the road to profitability is expected to be a long and rocky one for Sony's game business.
Published 10 Nov, 2006 12:00am
Sony PS3 to launch gaming battle, profit elusive

Sony PS3 to launch gaming battle, profit elusive

When Sony Corp launches the PlayStation 3 in Japan this weekend, they will likely fly off store shelves in no time. But the road to profitability is expected to be a long and rocky one for Sony's game business.
Published 10 Nov, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (November 09, 2006).

Published 10 Nov, 2006 12:00am
STX Pan Ocean's profit slumps

STX Pan Ocean's profit slumps

STX Pan Ocean, a South Korean shipping firm, barely broke even in the third quarter as it misjudged the dry bulk shipping market, leading to an unrealised loss on its freight contracts with customers.
Published 10 Nov, 2006 12:00am
STX Pan Ocean's profit slumps

STX Pan Ocean's profit slumps

STX Pan Ocean, a South Korean shipping firm, barely broke even in the third quarter as it misjudged the dry bulk shipping market, leading to an unrealised loss on its freight contracts with customers.
Published 10 Nov, 2006 12:00am