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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-11-25
JCR-VIS revises ratings of Saudi Pak Bank

JCR-VIS revises ratings of Saudi Pak Bank

JCR-VIS Credit Rating Co Ltd had revised the outlook on the rating of Saudi Pak Commercial Bank in September 2006 to 'Negative.' This rating action had been taken in view of the observed delay in regularisation/recoveries of classified advances vis-à-vis
Published 25 Nov, 2006 12:00am
Pace Circle project introduced

Pace Circle project introduced

Pace Barka Properties Ltd, a division of Pace Pakistan Ltd, has introduced a project near the Lahore airport, branded as Pace Circle. According to a press release, issued here on Friday.
Published 25 Nov, 2006 12:00am
MMA rally condemns WPB

MMA rally condemns WPB

Muttahida Majlis-i-Amal Multan on Friday staged a protest demonstration to condemn the women protection bill and described it repugnant to Islam and they pledged to wage a struggle against the un-Islamic laws.
Published 25 Nov, 2006 12:00am
'Politics of Chaudhry brothers has finished'

'Politics of Chaudhry brothers has finished'

Farzana Raja, Information Secretary of PPPP Punjab addressing a press conference here on Friday has blamed the provincial government for launching a malicious information campaign against Makhdoom Shah Mahmood Querashi, new head of PPPP provincial chapter
Published 25 Nov, 2006 12:00am
SASEC working groups discuss sub-regional cooperation

SASEC working groups discuss sub-regional cooperation

Government officials and private sector leaders from four South Asian countries met in Bangkok earlier this week to take part in working groups on developing transport, trade, and private sector co-operation in the sub-region.
Published 25 Nov, 2006 12:00am
Special plan to increase wheat yield: minister

Special plan to increase wheat yield: minister

Federal Minister for Food, Agriculture and Livestock, Sikandar Hayat Khan Bosan, has said that special programmes would be evolved to provide initiatives to small growers aimed at increasing per acre yield.
Published 25 Nov, 2006 12:00am
Japanese comedy Rakugo performed at ACP

Japanese comedy Rakugo performed at ACP

Rakugo, a Japanese sit-down comedy, was performed at the Arts Council of Pakistan here. A statement on Friday said that the show was organised by the Japan Cultural Centre (JCC) of the Consulate General of Japan in Karachi in collaboration with the Pakist
Published 25 Nov, 2006 12:00am
Shahbaz Sharif arrives in New York

Shahbaz Sharif arrives in New York

Mian Shahbaz Sharif the chief of PML (N) arrived here on Thursday night from Dubai. It is learnt that Shahbaz Sharif will stay here for his routine medical check-up.
Published 25 Nov, 2006 12:00am
Benazir recovering from knee surgery

Benazir recovering from knee surgery

Former prime minister and chairperson of Pakistan Peoples Part (PPP) Benazir Bhutto is recovering from knee surgery in New York and staying with her husband, Asif Zardari. The PPP Chairperson is doing well and receiving calls from party workers and well w
Published 25 Nov, 2006 12:00am
IOC team visits GCU

IOC team visits GCU

A 4-member delegation of the International Olympic Committee (IOC) led by its President Dr Jacques Rogge on Friday visited GC University Lahore and called on the vice-chancellor of the university Professor Dr Khalid Aftab.
Published 25 Nov, 2006 12:00am
17 police stations to be built in six districts: minister

17 police stations to be built in six districts: minister

Communication and Works Department, Punjab would construct as many as 17 police stations of six districts at a cost of Rs 269 million during new fiscal year. This was revealed in a meeting held under the chairmanship of Punjab Minister for Communication a
Published 25 Nov, 2006 12:00am
First Haj flight from Karachi today

First Haj flight from Karachi today

The first special Haj flight from Karachi, PK-1101, will leave for Jeddah on Saturday from Quaid-e-Azam International Airport. Governor Sindh Dr Ishratul Ibad will see off the pilgrims of the first pre-Haj flight from the city.
Published 25 Nov, 2006 12:00am
Laws to be formulated for NGOs: minister

Laws to be formulated for NGOs: minister

Federal Minister for Social Welfare and Special Education Zubaida Jalal on Friday said the government is intended to introduce new laws for NGOs to improve their performance as well as protecting the sector from being misused.
Published 25 Nov, 2006 12:00am
'Three Pakistani banks keen to start India operations'

'Three Pakistani banks keen to start India operations'

India on Friday said three banks from Pakistan had shown interest in starting operations in India and a decision in this regard would be taken on reciprocal and simultaneous basis, reports PTI.
Published 25 Nov, 2006 12:00am
Growers to get seed of new cotton varieties

Growers to get seed of new cotton varieties

New cotton crop varieties having comparatively better resistance against CLCV will be approved shortly and their seed will be made available to the growers through Punjab Seed Corporation.
Published 25 Nov, 2006 12:00am
Ovarian cancer awareness day on November 27

Ovarian cancer awareness day on November 27

Shaukat Khanum Memorial Cancer Hospital and Research Centre has organised an 'Ovarian Cancer Awareness Day' on November 27 at its premises. About 15,000 women are affected by ovarian cancer in Pakistan yearly. This is the second most common neoplasm among
Published 25 Nov, 2006 12:00am
Jewellers urge Punjab chief minister to order implementation of law

Jewellers urge Punjab chief minister to order implementation of law

Lahore Division Sarafa and Jewellers Association (LDSJA) has urged the Punjab Chief Minister to order strict implementation of the law regarding recovery of stolen gold jewellery. This demand was made at a meeting held here on Friday under the chairmanshi
Published 25 Nov, 2006 12:00am
Market committees: LHC moved

Market committees: LHC moved

A member of the Lahore High Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with prayer to direct the respondent government to constitute market committees.
Published 25 Nov, 2006 12:00am
'Education UK' exhibition on November 27'

'Education UK' exhibition on November 27'

While the security constraints in the post-9/11 era have made it difficult for students seeking admissions in educational institutions in the United States, countries like UK and Australia appear keen to attract students to their universities and institut
Published 25 Nov, 2006 12:00am
'Banking sector privatisation yielding positive impact'

'Banking sector privatisation yielding positive impact'

Group Executive (Retail Banking) and member Managing Committee of HBL, Abid Sattar has said that the privatisation in Banking sector is yielding positive impact for promoting healthy competition among the Banks.
Published 25 Nov, 2006 12:00am
'Uplift goal not possible without pursuing new technology'

'Uplift goal not possible without pursuing new technology'

The Punjab government has initiated revolutionary steps to promote modern technology and latest discipline of learning as the development goal was not possible without pursuing up-to-date technology.
Published 25 Nov, 2006 12:00am
Merck launches 2007 calendar

Merck launches 2007 calendar

The Merck calendar 2007 was launched at a ceremony here, says a statement on Friday. It was pointed out that Merck has been promoting the ethnic art for the past four years. The late Bashir Mirza's "Portrait of Pakistan" became the inspiration for the Mer
Published 25 Nov, 2006 12:00am
Presentation on UK university's admission procedure

Presentation on UK university's admission procedure

International Officer of the University of Essex, UK, Dan Entwistle, on Thursday made a presentation regarding his university's admission procedure and relevant requirements to the students of GC University Lahore in an open house forum held in the Post-G
Published 25 Nov, 2006 12:00am
Sindh and Punjab to cultivate sugar beet

Sindh and Punjab to cultivate sugar beet

Experiments conducted by the governments of Sindh and Punjab shown encouraging interests to cultivate sugar beet instead of sugarcane. Presently, lot of discussion is taking place regarding the cultivation of sugar beet instead of sugarcane in Sindh in or
Published 25 Nov, 2006 12:00am
UN okays PFL's clean uplift mechanism

UN okays PFL's clean uplift mechanism

Management of Pakarab Fertilisers Private Limited (PFL) has announced the United Nations has approved the first ever clean development mechanism (CDM) project in Pakistan.
Published 25 Nov, 2006 12:00am
'Government reneges on vice-chancellors upgradation issue'

'Government reneges on vice-chancellors upgradation issue'

Apparently unhappy over the government's policy of faculty upgradation approved by the Ministry of Finance, the vice chancellors of public sector universities out burst on Friday over what they called the government had budged from what it had promised.
Published 25 Nov, 2006 12:00am
Conference on skin diseases opens in Peshawar

Conference on skin diseases opens in Peshawar

The 25th PAD conference of Dermatology opened in Peshawar organised by the PAD Association in concern with curbing the skin diseases. Chief Secretary NWFP Ejaz Ahmed Qureshi while addressing the conference has praised the efforts of the researchers, speci
Published 25 Nov, 2006 12:00am
'17' becomes a nerve wrecking exercise

'17' becomes a nerve wrecking exercise

The performance of the Pakistan Telecommunication Company Ltd's computerised directory assistance system-better known as inquiry 17- has become a nerve wrecking exercise and deteriorated to such an extent that subscribers have to make a number of calls be
Published 25 Nov, 2006 12:00am
The Weather

The Weather

The weather report on Friday (November 24, 2006) and the forecast for Saturday (November 25, 2006).
Published 25 Nov, 2006 12:00am
Pakistan lacks nicotine standard in cigarettes

Pakistan lacks nicotine standard in cigarettes

Director Leaf, Pakistan Tobacco Company (PTC), Asif Khan has said that presently Pakistan has no nicotine standard for cigarette manufacturing companies.
Published 25 Nov, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
PFF seminar on November 29

PFF seminar on November 29

Pakistan Fisherfolk Forum (PFF), in association with Oxfam GB, is organising a daylong seminar on "Privatisation of waters and industrial fishing by deep-sea fishing trawlers" at a local hotel on Wednesday, November 29.
Published 25 Nov, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 24, 2006).

Published 25 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 25 Nov, 2006 12:00am
Lack of facilities at airports, dry ports irk importers

Lack of facilities at airports, dry ports irk importers

Importers play an important role in country's economic stability and increasing trade with outer world, but they usually complain about lack of facilities at airports and dry ports of the country, said Rawalpindi Chamber of Commerce and Industry (RCCI) Pr
Published 25 Nov, 2006 12:00am
Sugar prices fall in Karachi

Sugar prices fall in Karachi

Sugar prices in Karachi wholesale market were seen dropping persistently, thanks to current season's high output in the country. According to a Karachi Grocers Association (KGA)'s former office-bearer the wholesale sugar price in Karachi market had shrunk
Published 25 Nov, 2006 12:00am
PTCL cables damaged

PTCL cables damaged

City District Government Karachi (CDGK) damaged five underground cables of PTCL Azizabad Exchange on Friday evening, resultantly thousands of telephone lines became out of order.
Published 25 Nov, 2006 12:00am
Establishment blamed for rearing Taliban, al Qaeda

Establishment blamed for rearing Taliban, al Qaeda

The opposition in the Senate alleged on Friday that the establishment had trained and equipped the Taliban, "and today they were being branded" as a bigger threat to peace than 'al Qaeda'.
Published 25 Nov, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Perceptional mismatch that had beset the opposition over the Women Protection Bill appeared to have disappeared as various segments of the opposition joined hands on Friday and thoroughly lambasted the government on the floor of the Senate.
Published 25 Nov, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
Legislators to inspect Karachi pollution-hit areas

Legislators to inspect Karachi pollution-hit areas

A group of five parliamentarians, including Senators Jamal Khan Laghari, Nisar A Memon, and Rukhsana Zuberi, and MNAs Asadullah Bhutto and Dr Abdul Qadir, will visit Karachi on Saturday and Sunday for sensitisation on the issues of water pollution and env
Published 25 Nov, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (November 24, 2006) and for Saturday (November 25, 2006).
Published 25 Nov, 2006 12:00am
PAF and Chinese firm sign MoU on AWACS

PAF and Chinese firm sign MoU on AWACS

Pakistan Air Force (PAF) on Friday signed a memorandum of Understanding (MoU) with a Chinese aviation company for the Chinese Airborne Early Warning System (AWACS). Pakistan Air Force and Chinese aviation industries have agreed for long-term collaboration
Published 25 Nov, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
LHCBA condemns detention of Dr Qadeer

LHCBA condemns detention of Dr Qadeer

The Lahore High Court Bar Association (LHCBA) while condemning detention of Dr Abdul Qadeer Khan has called upon the government to release him forthwith unconditionally to enable him to get proper medical treatment.
Published 25 Nov, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
Berlitz opens third language center in Lahore

Berlitz opens third language center in Lahore

Berlitz Asia Pacific Regional Manager, Nobuhiko Eto has announced the third full service Berlitz Language Center in Pakistan in Lahore. While talking to the newsmen here on Friday, he said that Berlitz is the world's largest provider of language training
Published 25 Nov, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
Councillor produced in court

Councillor produced in court

The local police produced a councillor Chaudhry Basharat involved in a rape case before the Supreme Court of Pakistan. The court directed the respondent police officials to complete the investigation of the case by next date of hearing and submit a compre
Published 25 Nov, 2006 12:00am
Minister's attitude irritates opposition

Minister's attitude irritates opposition

Interior Minister Aftab Ahmed Khan Sherpao was forced to be on the defensive by the noisy opposition in the Senate when he wrongfully opposed a privilege motion by Senator Asfandyar Wali. The Senate Chairman, Mohammadmian Soomro, reserved his ruling on wh
Published 25 Nov, 2006 12:00am
Footwear industry on verge of collapse

Footwear industry on verge of collapse

Several thousands manufacturers of footwear industry have either shut down their businesses or fallen prostrate across the country before the galloping imports of cheap Chinese products in the domestic market in recent years.
Published 25 Nov, 2006 12:00am
THE RUPEE: all-round gains in currency market

THE RUPEE: all-round gains in currency market

The rupee maintained its surge in relation to the dollar in the interbank market on Friday, gaining four paisa for buying and selling at 60.74 and 60.75, respectively.
Published 25 Nov, 2006 12:00am
Pak Oman Company reaffirmed at high CGR

Pak Oman Company reaffirmed at high CGR

JCR-VIS Credit Rating Company Limited has reaffirmed the corporate governance rating (CGR) of Pak Oman Investment Company Limited at CGR-9 denoting 'very high level of corporate governance'. This rating is based on a scale ranging from CGR-1 (lowest) to C
Published 25 Nov, 2006 12:00am
THE RUPEE: all-round gains in currency market

THE RUPEE: all-round gains in currency market

The rupee maintained its surge in relation to the dollar in the interbank market on Friday, gaining four paisa for buying and selling at 60.74 and 60.75, respectively.
Published 25 Nov, 2006 12:00am
Pak Oman Company reaffirmed at high CGR

Pak Oman Company reaffirmed at high CGR

JCR-VIS Credit Rating Company Limited has reaffirmed the corporate governance rating (CGR) of Pak Oman Investment Company Limited at CGR-9 denoting 'very high level of corporate governance'. This rating is based on a scale ranging from CGR-1 (lowest) to C
Published 25 Nov, 2006 12:00am
SLGC asked to closely monitor LG staff performance

SLGC asked to closely monitor LG staff performance

Provincial Minister for Local Government, Katchi Abadis and Special Development Mohammad Hussain has asked Sindh Local Government Commission (SLGC) to workout a comprehensive policy for conducting investigation against TMAs and district governments throug
Published 25 Nov, 2006 12:00am
MQM to continue struggle against feudal system: Farooq

MQM to continue struggle against feudal system: Farooq

Muttahida Qaumi Movement (MQM) Rabita Committee Deputy Convenor, Dr Farooq Sattar has said that the MQM will continue its struggle against the feudal lords and tribal chieftains, who are exploiting the people and usurping their basic rights particularly i
Published 25 Nov, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
Hearing in Daniel Pearl case put off

Hearing in Daniel Pearl case put off

Sindh High Court on Friday adjourned hearing of appeals, filed by Ahmed Omer Sheikh and others, in United States Journalist Daniel Pearl kidnapping and killing conspiracy case.
Published 25 Nov, 2006 12:00am
Sindh University convocation on December 15

Sindh University convocation on December 15

The Sindh University's 550 candidates will receive degrees, silver and gold medals in academic convocation of University of Sindh to be held on December 15, 2006.
Published 25 Nov, 2006 12:00am
'Complacency impedes progress'

'Complacency impedes progress'

Member of the National Commission for Government Reforms Shamsh Kassim Lakha has called upon the engineering students to be cautious of the complacency as it impedes process of upgradation of knowledge once a graduate engineer is settled in his career.
Published 25 Nov, 2006 12:00am
Arrival of Haj pilgrims picking up

Arrival of Haj pilgrims picking up

The arrival of Haj pilgrims here from across the world is gradually picking up and the arrangements for them are now in full operation.
Published 25 Nov, 2006 12:00am
Mona project case: LHC wants report, comments from respondents

Mona project case: LHC wants report, comments from respondents

The Lahore High Court (LHC) has observed that no orders prejudice to the right of petitioner Water and Power Development Authority (Wapda) shall be passed subject to notice for any early date about the cancellation of lease of Mona Project of Wapda at Bha
Published 25 Nov, 2006 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 25 Nov, 2006 12:00am
Students offered to get admissions in UK institutes

Students offered to get admissions in UK institutes

Deputy High Commissioner of the United Kingdom (UK), Simon Butt has said that it is a great opportunity for the students of Pakistan to get admissions in the UK as about 60 British higher education institutions are here to provide them information about t
Published 25 Nov, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Nov, 2006 12:00am
Tea growers slam CBR inaction over smuggling

Tea growers slam CBR inaction over smuggling

The Central Board of Revenue (CBR) has taken no action on the complaint of Ministry of Food, Agriculture and Livestock (Minfal) to check massive tea smuggling under the Afghan Transit Trade Agreement (ATTA).
Published 25 Nov, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Nov, 2006 12:00am
Tea growers slam CBR inaction over smuggling

Tea growers slam CBR inaction over smuggling

The Central Board of Revenue (CBR) has taken no action on the complaint of Ministry of Food, Agriculture and Livestock (Minfal) to check massive tea smuggling under the Afghan Transit Trade Agreement (ATTA).
Published 25 Nov, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Nov, 2006 12:00am
Government committed to increasing Fata uplift: Prime Minister

Government committed to increasing Fata uplift: Prime Minister

Prime Minister Shaukat Aziz has said that the government is committed to increase the pace of development in the Federally Administered Tribal Areas (Fata) to provide better health and education infrastructure and increase economic opportunities for the p
Published 25 Nov, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (November 24, 2006).

Published 25 Nov, 2006 12:00am
Another illegal gateway exchange busted

Another illegal gateway exchange busted

Grappling with the issue of grey traffic resulting in financial losses of over Rs 3 billion annually, Pakistan Telecommunication Authority (PTA) on Friday busted in Lahore. Teams led by the PTA, including Network Surveillance & Security teams of the PTCL
Published 25 Nov, 2006 12:00am
No resignations till formation of grand alliance: MMA

No resignations till formation of grand alliance: MMA

MMA central leader Hafiz Hussain Ahmad has said MMA will not resign from Senate and provincial assemblies unless opposition grand alliance is formed. We will tender resignations from senate and provincial assemblies seats when grand opposition alliance wi
Published 25 Nov, 2006 12:00am
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