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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-11-22
Strong Pak-India ties to help region: Humayun

Strong Pak-India ties to help region: Humayun

Strong economic relations between India and Pakistan will help achieve long-term objectives for the betterment of the people of the two countries, according to Pakistan Minister for Commerce Humayun Akhtar Khan.
Published 22 Nov, 2006 12:00am
Rs 200 million sugar cess funds released for roads' repair

Rs 200 million sugar cess funds released for roads' repair

Punjab Finance department has released a sum of about Rs 200 million sugar cess funds to Sugarcane Growers Association (SGA). The funds have been issued by the SGA to the DCOs of districts in the sugarcane belt of the Punjab for repair and construction of
Published 22 Nov, 2006 12:00am
PKM warns sugarcane growers

PKM warns sugarcane growers

Pakistan Kisan Movement (PKM) has warned sugarcane farmers against the middleman mafia activated countrywide with the start of crushing season and advised them to start harvesting after the mills' operations are at full swing.
Published 22 Nov, 2006 12:00am
Ulema Mushaikh convention on December 4

Ulema Mushaikh convention on December 4

Ahle Sunnat Jamaat will hold All Pakistan Ulema Mushaikh convention at Rawalpindi on December 4, to protest passage of the Women Protection Bill (WPB) by the National Assembly.
Published 22 Nov, 2006 12:00am
Tree plantation campaign in industrial estates

Tree plantation campaign in industrial estates

A tree plantation campaign will be started in all industrial estates of the Punjab where more than 500,000 trees will be planted. This was told by Punjab Industries, Commerce and Investment Minister Muhammad Ajmal Cheema while talking to a delegation of b
Published 22 Nov, 2006 12:00am
'PBF to sweep FPCCI polls'

'PBF to sweep FPCCI polls'

The LCCI nominee for FPCCI additional seat from Lahore Irfan Qaiser has said that Progressive Businessmen Forum (PBF) is all set to sweep FPCCI forthcoming polls with thumping majority.
Published 22 Nov, 2006 12:00am
Labard mela on November 24

Labard mela on November 24

Lahore Businessmen Association for Rehabilitation of Disabled (Labard) is holding 'Labard Mela' for special persons on November 24 at Race Course Park. LCCI President Shahid Hassan Sheikh will be the chief guest.
Published 22 Nov, 2006 12:00am
Civil judge suspended

Civil judge suspended

The Chief Justice of the Lahore High Court suspended civil judge/additional director Federal Judicial Academy (FJA), Islamabad Muhammad Majid Bashir.
Published 22 Nov, 2006 12:00am
Ombudsman sets aside dismissal of constable

Ombudsman sets aside dismissal of constable

The Provincial Ombudsman, while setting aside the dismissal orders of a Police Constable Muhammad Aslam, has held that the period of absence of the official may be treated as leave.
Published 22 Nov, 2006 12:00am
Children celebrate gala at Shaukat Khanum hospital

Children celebrate gala at Shaukat Khanum hospital

The Shaukat Khanum Memorial Cancer Hospital and Research Centre organised an Eid Milan party for children suffering from cancer. Cured and under treatment children along with their parents, eminent people from showbiz and other walks of life largely parti
Published 22 Nov, 2006 12:00am
SECP website

SECP website

The Securities and Exchange Commission of Pakistan (SECP) on Tuesday at 10:30 am placed the Forensic Report on the SECP website ie www.secp.gov.pk in order to curb rumours mongering speculation or market manipulation. This report was presented to National
Published 22 Nov, 2006 12:00am
Shakeel named LSE general manager

Shakeel named LSE general manager

Mian Shakeel Aslam has been appointed as the General Manager Lahore Stock Exchange (LSE). Mian Aslam is succeeding Dr Shahid A Zia who has been appointed Head of LSE Training Institute. Shakeel, a chartered accountant by profession, has worked as manager
Published 22 Nov, 2006 12:00am
Not enough evidence to blame brokers: Wolfe

Not enough evidence to blame brokers: Wolfe

Lead forensic specialist David T Wolfe of Diligence has said that the 88 brokers including 13 leading brokerage houses/financial companies that may have breached the rules/regulations of Securities and Exchange Commission of Pakistan (SECP), but there is
Published 22 Nov, 2006 12:00am
MMA protest against the passage of Women bill

MMA protest against the passage of Women bill

MMA protested in front of parliament house against the passage of Women Protection Bill terming it un-Islamic, non democratic, non-constitutional. MMA will never allow its promulgation, they added.
Published 22 Nov, 2006 12:00am
'Loopholes allow wilful defaulters to get away'

'Loopholes allow wilful defaulters to get away'

The Public Accounts Committee (PAC) on Tuesday directed the government to carry out fresh legislation aimed at preventing influential individuals and groups getting hefty loans written off from public sector financial institutions.
Published 22 Nov, 2006 12:00am
Journalist released

Journalist released

Missing journalist Dilawar Khan Wazir disappeared on Monday was released by some unknown persons on Tuesday while media persons boycotted the proceedings of the Senate session to protest against the mysterious missing of their colleague from Islamabad.
Published 22 Nov, 2006 12:00am
The Weather

The Weather

The weather report on Tuesday (November 21, 2006) and the forecast for Wednesday (November 22, 2006).
Published 22 Nov, 2006 12:00am
RCCI demands industrial estate in Rawalpindi

RCCI demands industrial estate in Rawalpindi

Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded of the government that a modern industrial estate should be set up in Rawalpindi.
Published 22 Nov, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 22 Nov, 2006 12:00am
FJWU holds Na'at competition

FJWU holds Na'at competition

Co-curriculum inter-departmental competitions of the Fatima Jinnah Women University started here on Tuesday with recitation from the Holy Quran and Na'at competition among the students of different departments.
Published 22 Nov, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 22 Nov, 2006 12:00am
Kidney centre symposium on November 25

Kidney centre symposium on November 25

The Kidney Centre, Post Graduate Institute is organising first two-day annual symposium on Saturday (November 25). The symposium under the theme 'Trainees today, our Tomorrow: Empower Future' will be inaugurated by Syed Mustufa Kamal, Karachi City Nazim.
Published 22 Nov, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
30 VHF patients under treatment at AKUH

30 VHF patients under treatment at AKUH

At Aga Khan University Hospital (AKUH), 30 patients are currently hospitalised with suspect viral haemorrhagic fever. So far, a total of 690 patients were admitted at AKUH between June 14 to November 21, 2006 with VHF. Out of these, 15 patients expired du
Published 22 Nov, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Dengue victim toll crosses 5,200 mark

Dengue victim toll crosses 5,200 mark

With the inclusion of around 200 more patients infected with dengue fever, the total number of dengue fever patients has crossed the mark of 5,200 in the country.
Published 22 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 22 Nov, 2006 12:00am
Memorial meeting to pay homage to Mahmud today

Memorial meeting to pay homage to Mahmud today

The Nazria Pakistan Council headed by Journalist-Editor Zahid Malik is holding here on Wednesday, November 22, 2006 a memorial meeting to pay homage to the late Mahmud Ali, Former Federal Cabinet Minister and President of the Tahrik-e-Takmeel Pakistan.
Published 22 Nov, 2006 12:00am
Thar Express may not resume service for two more months

Thar Express may not resume service for two more months

Thar Express train service between India and Pakistan, suspended since August 24 due to flash floods in Rajasthan, might not be resumed for at least two more months, Indian media reported, quoting North-Western Railway (NWR) officials.
Published 22 Nov, 2006 12:00am
PHDEB suggests strategies to cash in on Chitral agriculture products

PHDEB suggests strategies to cash in on Chitral agriculture products

Pakistan Horticulture Development and Export Board (PHDEB) has suggested a two-pronged strategy ie short-term focusing on support to marketing efforts and long-term focusing on "grow for export" to extract maximum benefits from Chitral district's ecologic
Published 22 Nov, 2006 12:00am
CDGK revokes pedestrian bridges contract

CDGK revokes pedestrian bridges contract

City District Government Karachi (CDGK) has finally revoked the agreement with the private firms assigned to construct around 28 pedestrian bridges at different spots in the metropolis on Built Operate Transfer (BOT) basis for failing to complete the sche
Published 22 Nov, 2006 12:00am
Ideas 2006: high hopes for ace munitions deals

Ideas 2006: high hopes for ace munitions deals

Pakistan, whose defence-related exports exceeded $200 million in the last fiscal year, is touting locally built tanks and other weapons to carve a niche for itself in the global arms market, a top army official said on Tuesday.
Published 22 Nov, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Nine delegations meet Musharraf at Ideas fair

Nine delegations meet Musharraf at Ideas fair

Nine delegations to the International Defence Exhibition and Seminar (Ideas) called on President Pervez Musharraf here at the Karachi Expo Centre on Tuesday. These included those from Saudi Arabia, Turkey, United Arab Emirates, Ukraine, Thailand, Bosnia,
Published 22 Nov, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (November 21, 2006) and for Wednesday (November 22, 2006).
Published 22 Nov, 2006 12:00am
Ideas 2006: Musharraf asks foreigners to explore Pakistan

Ideas 2006: Musharraf asks foreigners to explore Pakistan

President Pervez Musharraf said on Tuesday that Pakistan will emerge as a very moderate, extremely progressive, dynamic and economically vibrant country in the world. He was speaking at a reception given by Sindh Governor Dr Ishrat-ul-Ibad Khan in honour
Published 22 Nov, 2006 12:00am
Opposition again in disarray over collective strategy

Opposition again in disarray over collective strategy

The opposition is again confronted with a perplexing question of adopting collective strategy due to Muttahida Majlis-i-Amal's threat to quit National Assembly, following the passage of the 'women protection bill'.
Published 22 Nov, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

33rd session of the Senate began on Tuesday evening but did not last more than half an hour, as it was adjourned without taking up the listed business in deference to the death of its former chairman and President of Pakistan Ghulam Ishaq Khan.
Published 22 Nov, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Opposition in no mood to resign from National Assembly: Shujaat

Opposition in no mood to resign from National Assembly: Shujaat

The opposition is in no mood to resigns from their national assembly seats and they had been interested in the same they would have submitted their resignations to the Speaker National Assembly, which is a constitutional requirement while quitting the mem
Published 22 Nov, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Shaukat seeks masses support

Shaukat seeks masses support

Prime Minister Shaukat Aziz on Tuesday asked the people to support the Pakistan Muslim League (PML) government to ensure continuity of its policies and for progress and prosperity of the country.
Published 22 Nov, 2006 12:00am
PC extends EoI, SOQ date for HEC to November 30

PC extends EoI, SOQ date for HEC to November 30

Due to the increasing interest of parties to participate for the privatisation of Heavy Electrical Complex (HEC) the Privatisation Commission has extended the date for filing the Expressions of Interest (EoI) for HEC to November 30 of the current month.
Published 22 Nov, 2006 12:00am
Misuse in disbursement of Baitul Mal funds via PPO

Misuse in disbursement of Baitul Mal funds via PPO

The Senate Standing Committee on Communications and Railways on Tuesday expressed grave concern over the mal-practices in disbursement of the Baitul Mal funds through Pakistan Post Office and called for immediate revamping of the entire disbursement syste
Published 22 Nov, 2006 12:00am
THE RUPEE: divergent moves observed

THE RUPEE: divergent moves observed

Divergent trend was seen in the currency market on Tuesday in process of trading, dealers said. The rupee gained four paisa against the dollar at 60.83 and 60.85, for buying and selling in the interbank market, dealers said.
Published 22 Nov, 2006 12:00am
PSMA meeting today to consider mills' shut down

PSMA meeting today to consider mills' shut down

Crushing season 2006-07, is in doldrums as Pakistan Sugar Mills Association (PSMA) central executive committee (CEC) meeting in Karachi on November 22 (today), to consider the option of shutting down the mills in Sindh and further delay operation in the P
Published 22 Nov, 2006 12:00am
THE RUPEE: divergent moves observed

THE RUPEE: divergent moves observed

Divergent trend was seen in the currency market on Tuesday in process of trading, dealers said. The rupee gained four paisa against the dollar at 60.83 and 60.85, for buying and selling in the interbank market, dealers said.
Published 22 Nov, 2006 12:00am
POL to take part in bidding of PSO shares

POL to take part in bidding of PSO shares

Pakistan Oilfields Limited (POL) will participate in the bidding process for the acquisition of up to a maximum of 50 percent of the 51 percent shares of Pakistan State Oil (PSO) being offered for sale by the Privatisation Commission.
Published 22 Nov, 2006 12:00am
POL to take part in bidding of PSO shares

POL to take part in bidding of PSO shares

Pakistan Oilfields Limited (POL) will participate in the bidding process for the acquisition of up to a maximum of 50 percent of the 51 percent shares of Pakistan State Oil (PSO) being offered for sale by the Privatisation Commission.
Published 22 Nov, 2006 12:00am
POL to take part in bidding of PSO shares

POL to take part in bidding of PSO shares

Pakistan Oilfields Limited (POL) will participate in the bidding process for the acquisition of up to a maximum of 50 percent of the 51 percent shares of Pakistan State Oil (PSO) being offered for sale by the Privatisation Commission.
Published 22 Nov, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Pakistani executed in Saudi Arabia

Pakistani executed in Saudi Arabia

Saudi Arabia executed a Pakistani and a Nigerian on Tuesday for drugs offences, taking to 25 the number of executions reported in the kingdom so far this year.
Published 22 Nov, 2006 12:00am
Pakistani executed in Saudi Arabia

Pakistani executed in Saudi Arabia

Saudi Arabia executed a Pakistani and a Nigerian on Tuesday for drugs offences, taking to 25 the number of executions reported in the kingdom so far this year.
Published 22 Nov, 2006 12:00am
Special gain tax on 13 leading brokers proposed

Special gain tax on 13 leading brokers proposed

One of the members of the National Assembly Standing Committee on Finance suggested to levy ''special gain tax'' on the 13 leading brokers, who were allegedly involved in the last year''s stock market crash.
Published 22 Nov, 2006 12:00am
Special gain tax on 13 leading brokers proposed

Special gain tax on 13 leading brokers proposed

One of the members of the National Assembly Standing Committee on Finance suggested to levy 'special gain tax' on the 13 leading brokers, who were allegedly involved in the last year's stock market crash.
Published 22 Nov, 2006 12:00am
Special gain tax on 13 leading brokers proposed

Special gain tax on 13 leading brokers proposed

One of the members of the National Assembly Standing Committee on Finance suggested to levy 'special gain tax' on the 13 leading brokers, who were allegedly involved in the last year's stock market crash.
Published 22 Nov, 2006 12:00am
Lasbella Textiles assets sale agreement signed

Lasbella Textiles assets sale agreement signed

The Assets Sale Agreement (ASA) for plant, machinery and equipment of Lasbella Textile Mills (LTM) was signed here on Tuesday, says a press release. The Letter of Acceptance (LoA) was issued to Rais Ahmed on October 20, 2006.
Published 22 Nov, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Lasbella Textiles assets sale agreement signed

Lasbella Textiles assets sale agreement signed

The Assets Sale Agreement (ASA) for plant, machinery and equipment of Lasbella Textile Mills (LTM) was signed here on Tuesday, says a press release. The Letter of Acceptance (LoA) was issued to Rais Ahmed on October 20, 2006.
Published 22 Nov, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Nov, 2006 12:00am
Lasbella Textiles assets sale agreement signed

Lasbella Textiles assets sale agreement signed

The Assets Sale Agreement (ASA) for plant, machinery and equipment of Lasbella Textile Mills (LTM) was signed here on Tuesday, says a press release. The Letter of Acceptance (LoA) was issued to Rais Ahmed on October 20, 2006.
Published 22 Nov, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Nov, 2006 12:00am
Ogra allows 60 CNG stations to reopen: safety standards inspected

Ogra allows 60 CNG stations to reopen: safety standards inspected

The Oil and Gas Regulatory Authority (Ogra), after inspecting safety standards across the country, has given green signal to commence service to operators of 60 compressed natural gas (CNG) stations for whom it had earlier ordered gas companies to stop ga
Published 22 Nov, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Nov, 2006 12:00am
Ogra allows 60 CNG stations to reopen: safety standards inspected

Ogra allows 60 CNG stations to reopen: safety standards inspected

The Oil and Gas Regulatory Authority (Ogra), after inspecting safety standards across the country, has given green signal to commence service to operators of 60 compressed natural gas (CNG) stations for whom it had earlier ordered gas companies to stop ga
Published 22 Nov, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
Ogra allows 60 CNG stations to reopen: safety standards inspected

Ogra allows 60 CNG stations to reopen: safety standards inspected

The Oil and Gas Regulatory Authority (Ogra), after inspecting safety standards across the country, has given green signal to commence service to operators of 60 compressed natural gas (CNG) stations for whom it had earlier ordered gas companies to stop ga
Published 22 Nov, 2006 12:00am
Six students among 10 killed in accident

Six students among 10 killed in accident

Six minor students were killed when a tractor trolley hit a wall of a private primary school near Hafizabad, some 250 miles north-east of Multan, on Tuesday. The school building was collapsed immediately while more than 50 students were busy in studying t
Published 22 Nov, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Nov, 2006 12:00am
Pakistani labourer dies in Kuwait

Pakistani labourer dies in Kuwait

A 30-year old Pakistani labourer at Maidan Hawally lost his life when he was accidentally sucked in by a concrete mixer on Monday. The mixer severed the upper part of his body, churning it to pieces. Only his legs could be seen dangling out of the mixer's
Published 22 Nov, 2006 12:00am
Depleting reserves neutralise money supply

Depleting reserves neutralise money supply

Incremental money supply, which dropped to Rs 79 billion, or 2.3 percent, on October 28, remained unchanged at that level on November 4, despite an increase of Rs 7.5 billion in government borrowing and an increase of Rs 11.6 billion in private sector bor
Published 22 Nov, 2006 12:00am
Depleting reserves neutralise money supply

Depleting reserves neutralise money supply

Incremental money supply, which dropped to Rs 79 billion, or 2.3 percent, on October 28, remained unchanged at that level on November 4, despite an increase of Rs 7.5 billion in government borrowing and an increase of Rs 11.6 billion in private sector bor
Published 22 Nov, 2006 12:00am
Depleting reserves neutralise money supply

Depleting reserves neutralise money supply

Incremental money supply, which dropped to Rs 79 billion, or 2.3 percent, on October 28, remained unchanged at that level on November 4, despite an increase of Rs 7.5 billion in government borrowing and an increase of Rs 11.6 billion in private sector bor
Published 22 Nov, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
NWFP for revising heights ahead of building dams

NWFP for revising heights ahead of building dams

The North West Frontier Province (NWFP) has rejected construction of Munda and Kurram Tungi dams until the federal government revises their height levels acceptable to the province and the people, official sources told Business Recorder.
Published 22 Nov, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (November 21, 2006).

Published 22 Nov, 2006 12:00am
NWFP for revising heights ahead of building dams

NWFP for revising heights ahead of building dams

The North West Frontier Province (NWFP) has rejected construction of Munda and Kurram Tungi dams until the federal government revises their height levels acceptable to the province and the people, official sources told Business Recorder.
Published 22 Nov, 2006 12:00am
NWFP for revising heights ahead of building dams

NWFP for revising heights ahead of building dams

The North West Frontier Province (NWFP) has rejected construction of Munda and Kurram Tungi dams until the federal government revises their height levels acceptable to the province and the people, official sources told Business Recorder.
Published 22 Nov, 2006 12:00am
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