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Print - 2006-12-02
Thailand fails to sell 400,000 tonnes white rice

Thailand fails to sell 400,000 tonnes white rice

Thailand, the world's rice exporter, failed to sell 400,000 tonnes of white and fragrant rice from its stocks through a tender due to low bids, Commerce Minister Krik-Krai Jirapaet said on Friday.
Published 02 Dec, 2006 12:00am
New York cotton futures settle firmer

New York cotton futures settle firmer

Cotton futures settled firmer Friday on speculative and options-related buying and the steady tone of the market may herald further modest gains next week, analysts said.
Published 02 Dec, 2006 12:00am
London sugar rises

London sugar rises

London white sugar finished higher on Friday, boosted by trade buying and the weakness of the dollar, dealers said. March settled up $4.60 at the day's high of $374.00 a tonne. Total volume was a modest 3,880 lots.
Published 02 Dec, 2006 12:00am
Copper ends lower

Copper ends lower

Copper prices closed one and a half percent lower on Friday as investors worried about falling demand and slow global economic growth after key United States manufacturing data, analysts said.
Published 02 Dec, 2006 12:00am
European gold climbs

European gold climbs

Gold climbed to a 16-week high and silver hit a six-month peak on Friday as a plummeting dollar prompted investors to strengthen their trading positions. But analysts said gold was unstable at current levels and needed to stay around $650 an ounce for som
Published 02 Dec, 2006 12:00am
US MIDDAY: wheat mixed

US MIDDAY: wheat mixed

Soft red winter wheat futures on the Chicago Board of Trade were mixed at midsession on Friday, as light local buying offset profit-taking from the 2 percent rise in prices on Thursday, traders said.
Published 02 Dec, 2006 12:00am
US MIDDAY: corn dips

US MIDDAY: corn dips

Corn futures at the Chicago Board of Trade slipped early Friday on profit-taking after scaling a 10-year peak Thursday on month-end speculative buying, traders said.
Published 02 Dec, 2006 12:00am
US MIDDAY: copper under pressure

US MIDDAY: copper under pressure

Copper futures in New York extended their morning losses on Friday, after weaker-than-expected US economic data continued to reflect contracting business activity in the world's largest economy, brokers said.
Published 02 Dec, 2006 12:00am
US MIDDAY: soyabeans slip

US MIDDAY: soyabeans slip

Chicago Board of Trade soyabean futures fell early on Friday, setting back from Thursday's rally with the weakness in corn weighing on soya prices, traders said.
Published 02 Dec, 2006 12:00am
US MIDDAY: gold turns higher

US MIDDAY: gold turns higher

US gold futures rose in choppy trade early on Friday, rebounding from a lower opening as the falling dollar prompted investors to buy the precious metal a day after it rallied above $650 an ounce. Hudson River Futures' Carlos Perez-Santalla said gold turn
Published 02 Dec, 2006 12:00am
Seminar to discuss BHUs and RHCs problems

Seminar to discuss BHUs and RHCs problems

Faisalabad district government will hold a seminar on health in the current month. It was decided here during a meeting presided over by DCO Major Azam Suleman (Retd).
Published 02 Dec, 2006 12:00am
JKLF annual convention today

JKLF annual convention today

Eighth annual convention of the Jammu and Kashmir Liberation Front would be held today (Saturday) at the Bagh rest house. A rally has been organised calling for United Kashmir and against the division of Kashmir and accession to Pakistan.
Published 02 Dec, 2006 12:00am
Mangla Dam committee meeting on December 7

Mangla Dam committee meeting on December 7

The meeting of the implementing committee for Mangla Dam uprising project will be held here at the commissioner office on December 07. Major Tahir Iqbal (Retd) Chairman Mangla Dam committee and Minister for Kashmir Affairs will preside over the meeting.
Published 02 Dec, 2006 12:00am
Girl given scholarship as ombudsman intervenes

Girl given scholarship as ombudsman intervenes

On the intervention of Punjab Ombudsman, Abdur Rashid Khan, scholarship was given to a girl student, earlier denied on the basis that she had not secured 55 percent marks in Intermediate examination.
Published 02 Dec, 2006 12:00am
Albright tours a slum: fighting poverty stage by stage

Albright tours a slum: fighting poverty stage by stage

Jane Mwangi beckons from her tin-roofed kiosk as passers-by, including former US secretary of state Madeleine Albright, trek gingerly through the garbage-strewn, muddy footpaths in Kibera, sub-Saharan Africa's largest slum.
Published 02 Dec, 2006 12:00am
Takaful - the Islamic form of insurance

Takaful - the Islamic form of insurance

The word Takaful is derived from the Arabic verb Kafala, which means to guarantee, to help, to take care of one's needs. Takaful is a system of Islamic insurance based on the principle of Ta'awun (mutual assistance) and Tabarru (voluntary contribution), w
Published 02 Dec, 2006 12:00am
Unregistered vehicles

Unregistered vehicles

It is observed in Karachi that people are driving unregistered cars with disguised number plates which resemble the number plates issued by the Sindh Government Motor Vehicle Department.
Published 02 Dec, 2006 12:00am
The man behind the gun

The man behind the gun

The public responded to the news of Shaukat Tareen's offer of buying 50% shares of CCBL very favourably in general.
Published 02 Dec, 2006 12:00am
Cardinal principles

Cardinal principles

From time immemorial, people in authority had always advocated two cardinal principles:
Published 02 Dec, 2006 12:00am
Paragliding takes flight in Pakistan as economy booms

Paragliding takes flight in Pakistan as economy booms

For Pakistan's new class of affluent but bored young people, action sports like paragliding are providing a healthier outlet than fast cars and recreational substances. "It is better than drugs and drag racing on city roads," says local pioneer Sajjad Sha
Published 02 Dec, 2006 12:00am
Chile's used car zone: dealers are mostly Pakistanis

Chile's used car zone: dealers are mostly Pakistanis

At first glance, the only thing Chilean about the sprawling duty-free car zone in Iquique, set between the Pacific ocean and the Bolivian border, is that it is in Chile. The thousands of used cars for sale are mostly from Japan, the dealers are mostly Pak
Published 02 Dec, 2006 12:00am
Investment dilemma in Pakistan

Investment dilemma in Pakistan

During the 30 years of my working experience in Pakistan at various responsible senior management positions and having grown with the industry and business in a very competitive market, I have been fielding the uncertainties throughout this period and con
Published 02 Dec, 2006 12:00am
Need for a holistic sugar industry strategy

Need for a holistic sugar industry strategy

According to Recorder Report appearing the other day, the Karachi Chamber of Commerce and Industry has, among other things in its survey of sugar industry, suggested imposition of complete ban on cultivation of unapproved varieties of sugarcane.
Published 02 Dec, 2006 12:00am
OGDC's overseas listing

OGDC's overseas listing

The long awaited book building process to sell additional shares of the Oil and Gas Development Company (OGDC) to foreign and local investors was completed on Thursday evening. The Privatisation Commission termed this largest ever overseas institutional o
Published 02 Dec, 2006 12:00am
OUP book wins Akhtar Hameed Khan Award

OUP book wins Akhtar Hameed Khan Award

The book, Beyond Honour--A Historical Materialist Explanation of Honour Related Violence', written by Tahira S Khan and published by Oxford University Press, Pakistan, has been awarded the Akhtar Hameed Khan Memorial Award for 2006.
Published 02 Dec, 2006 12:00am
Unique chicken meal at Nando's

Unique chicken meal at Nando's

Nando's, the world's most popular flame-grilled peri-peri chicken restaurant, in its 6th year of successful operations is enjoying a pleasant ride as far as its business in Pakistan is concerned.
Published 02 Dec, 2006 12:00am
Need stressed to promote media education

Need stressed to promote media education

Punjab University Vice Chancellor Arshad Mahmood has said that world has been converted into global village and the nations are being controlled by media in this century, hence there is need to promote media education so that fast awareness could be devel
Published 02 Dec, 2006 12:00am
NBP president rewards Yousuf

NBP president rewards Yousuf

Chairman & President, National Bank of Pakistan, S Ali Raza who is also a member of PCB ad hoc committee has congratulated Mohammad Yousuf and the entire Pakistan Cricket Team for the record breaking performance of Mohammed Yousuf and has announced an awa
Published 02 Dec, 2006 12:00am
Rehman to be presidential candidate for FPCCI elections

Rehman to be presidential candidate for FPCCI elections

Progressive Businessmen Forum (PBF) on Friday announced that Lahore Chamber of Commerce and Industries (LCCI) former Chief Mian Misbahur Rehman will be its presidential candidate for forthcoming Federation of Pakistan Chambers of Commerce and Industry (FP
Published 02 Dec, 2006 12:00am
Benazir and Nawaz to return after announcement of elections: Khar

Benazir and Nawaz to return after announcement of elections: Khar

Terming Benazir Bhutto and Nawaz Sharif most popular leaders of the country, former governor of Punjab, Malik Ghulam Mustafa Khar said that they would return soon after the announcement of the schedule of next general elections.
Published 02 Dec, 2006 12:00am
Book launching

Book launching

A book launching ceremony was held at the Pakistan High Commission here on Thursday evening. The book titled "The End of Innocence" by a noted columnist Moni Mohsin in which she uncovers a world of honour killings, forbidden love and explores the power of
Published 02 Dec, 2006 12:00am
PPP hopeful of Benazir coming to power for third time

PPP hopeful of Benazir coming to power for third time

Pakistan Peoples Party leaders have expressed the hope that party Chairperson Benazir Bhutto will become prime minister of the country for the third tenure as the party has decided to bring back the party chairperson in 2007, we would restore the constitu
Published 02 Dec, 2006 12:00am
MMA observes protest day

MMA observes protest day

Protest day was observed on Friday at the call of Muttahida Majlis-i-Amal (MMA) President Qazi Hussain Ahmed to condemn the arrests of nearly 1,000 activists who wanted to participate in the Caravan from Lahore to Gujrat and institution of a case against
Published 02 Dec, 2006 12:00am
Government encouraging corporate farming: Prime Minister

Government encouraging corporate farming: Prime Minister

Stressing the need to introduce modern technologies and latest techniques to get quantum leap in the agricultural production, Prime Minister Shaukat Aziz on Thursday said the government is encouraging corporate farming on public-private partnership basis
Published 02 Dec, 2006 12:00am
HBL imparts training to Chinese bankers

HBL imparts training to Chinese bankers

A six-day training programme on "Risk Management & Card Marketing", specially organised for the bankers from Urumqi City Commercial Bank (UCCB) China by Habib Bank's Management Development Institute, recently ended successfully.
Published 02 Dec, 2006 12:00am
34,000 utility bills paid through Nadra kiosks

34,000 utility bills paid through Nadra kiosks

About 34,000 utility bills were paid through Nadra kiosks machines during the month November 2006 while authority intends to increase the number of kiosk machines up to 240 in addition to 200 facility centre at Nadra centers across the country.
Published 02 Dec, 2006 12:00am
Mehfooz Punjab programme to ensure safe travel: minister

Mehfooz Punjab programme to ensure safe travel: minister

Chaudhry Zaheeruddin Khan provincial minister for Communication and Works has said that patrolling posts are being established under the "Mehfooz Punjab Programme" to provide safe travelling facilities and eliminate crimes on highways.
Published 02 Dec, 2006 12:00am
Complaint cell

Complaint cell

Water and Power Development Authority (Wapda) Chairman Tariq Hamid has directed that complainants should not be made to wait at the complaint cells, and prompt and effective redressal of their problems be ensured.
Published 02 Dec, 2006 12:00am
PIA financial results

PIA financial results

The Pakistan International Airlines (PIA) shows a net loss of Rs2.95 billion during the first quarter (July-September) of the FY2006-07, due to high fuel price and lower passenger revenue amid competition from regional and local airlines, said Finance Min
Published 02 Dec, 2006 12:00am
BMW announces winners of film festival

BMW announces winners of film festival

BMW Group Middle East has announced winners of the Mini Film Festival 2006 during a gala event held at the XVA gallery in Bastakiya, Dubai, UAE last week.
Published 02 Dec, 2006 12:00am
Awais offers support for provision of tele-medicine

Awais offers support for provision of tele-medicine

Minister for Information Technology Awais Ahmad Khan Leghari on Thursday offered an all-out technical and financial support to any organisation or association active in the field of healthcare for provision of tele-medicine to the masses.
Published 02 Dec, 2006 12:00am
Minister to inspect uplift projects today

Minister to inspect uplift projects today

Population Welfare Minister Shahbaz Hussain will visit Sohawa on Saturday to review and inspect the progress of MNA development projects there. He will also attend a gathering of local elders, sources said.
Published 02 Dec, 2006 12:00am
Sugar mill directed to hold annual general meeting

Sugar mill directed to hold annual general meeting

The Securities and Exchange Commission of Pakistan (SECP) has directed a sugar mill to hold both the annual general meeting (AGM) and the election of directors without any further delay and also upheld the penalties levied on the company earlier.
Published 02 Dec, 2006 12:00am
Sugar mill directed to hold annual general meeting

Sugar mill directed to hold annual general meeting

The Securities and Exchange Commission of Pakistan (SECP) has directed a sugar mill to hold both the annual general meeting (AGM) and the election of directors without any further delay and also upheld the penalties levied on the company earlier.
Published 02 Dec, 2006 12:00am
The Weather

The Weather

The weather report on Friday (December 01, 2006) and the forecast for Saturday (December 02, 2006).
Published 02 Dec, 2006 12:00am
Call to check aquatic pollution

Call to check aquatic pollution

Punjab Fisheries Director General Dr Muhammad Ayub has said that due to aquatic pollution, fish production has diminished to a large extent and this shortage can be made up only through fish farming.
Published 02 Dec, 2006 12:00am
New York cotton

New York cotton

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

Published 02 Dec, 2006 12:00am
'Government should ensure holding of FPCCI polls on schedule'

'Government should ensure holding of FPCCI polls on schedule'

Federal government should ensure holding of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) elections on schedule and it should thwart all tactics to postpone polls, said Khawaja Muhammad Yousaf, Convenor of Alliance of South Punjab recogn
Published 02 Dec, 2006 12:00am
New York cotton

New York cotton

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

Published 02 Dec, 2006 12:00am
Consortiums to foster public, private partnership in education

Consortiums to foster public, private partnership in education

The Ministry of Education has established two consortiums under Education Sector Reforms (ESR) programme, one each for Sindh and Balochistan, to further foster the public and private sector partnership in education.
Published 02 Dec, 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 02 Dec, 2006 12:00am
Ombudsman directs DCO to pay scholarship amount

Ombudsman directs DCO to pay scholarship amount

The provincial Ombudsman has directed DCO, Jhang, to pay scholarship to the complainant's daughter Farhat Batool who passed her intermediate examination and applied to provincial Benevolent Board for scholarship.
Published 02 Dec, 2006 12:00am
Pacra maintains AHIML rating

Pacra maintains AHIML rating

The Pakistan Credit Rating Agency (Pacra) has maintained the asset manager rating of Arif Habib Investment Management Limited (AHIML) at 'AM2'. The rating reflects the company's very strong capacity to master the risks inherent in asset management.
Published 02 Dec, 2006 12:00am
Pacra maintains AHIML rating

Pacra maintains AHIML rating

The Pakistan Credit Rating Agency (Pacra) has maintained the asset manager rating of Arif Habib Investment Management Limited (AHIML) at 'AM2'. The rating reflects the company's very strong capacity to master the risks inherent in asset management.
Published 02 Dec, 2006 12:00am
'Pak-India cultural exchanges to help develop cordial ties'

'Pak-India cultural exchanges to help develop cordial ties'

Provincial Minister for Education Mian Imran Masood has said that exchange of cultural and educational delegations between Pakistan and India has resulted in developing mutual pleasant and cordial relations.
Published 02 Dec, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 01, 2006).

Published 02 Dec, 2006 12:00am
Arrangements finalised for performing art contest

Arrangements finalised for performing art contest

A meeting was held under the chairmanship of Punjab University Registrar Professor Dr Muhammad Naeem Khan here on Friday to review the arrangements for three-day performing arts competitions which would be organised by Punjab University College of Art & D
Published 02 Dec, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (December 01, 2006) and for Saturday (December 02, 2006).
Published 02 Dec, 2006 12:00am
CDGK plans road on both sides of Gujjar Nullah

CDGK plans road on both sides of Gujjar Nullah

Syed Mustafa Kamal Nazim Karachi, on Thursday said the city government will construct a road like Lyari Expressway on both sides of Gujjar Nullah for which planning has been started.
Published 02 Dec, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 01, 2006).

Published 02 Dec, 2006 12:00am
'Planned feeding helps enhance nutritional quality in ruminants'

'Planned feeding helps enhance nutritional quality in ruminants'

A research scholar has suggested that ruminants (buffalo, cow) in tropical conditions of Sindh have great potential to enhance nutritional quality by scientifically planned feeding practice as well as by breeding programmes.
Published 02 Dec, 2006 12:00am
Call for making concerted efforts on Aids awareness

Call for making concerted efforts on Aids awareness

Pakistan on Friday joined the rest of the world in observing the 'World Day Against Aids', and the pledge was renewed that effective prevention programmes would be enforced to eliminate the disease.
Published 02 Dec, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 01, 2006).

Published 02 Dec, 2006 12:00am
Nasreen for check on reuse of syringes

Nasreen for check on reuse of syringes

City Naib Nazim, Nasreen Jalil on Friday said it has become inevitable to create greater awareness among people to control deadly Aids. "The social organisations and particularly the media can play an important role in this regard," she said while address
Published 02 Dec, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 01, 2006).

Published 02 Dec, 2006 12:00am
Musharraf honours organ donors

Musharraf honours organ donors

President General Pervez Musharraf has expressed his realisation that there are hundreds of thousands of local patients suffering from organ failure, and added such patients, who had exhausted all avenues of medical treatment, could live normally from the
Published 02 Dec, 2006 12:00am
THE RUPEE: euro crosses Rs 80 mark in open market

THE RUPEE: euro crosses Rs 80 mark in open market

The rupee came under pressure against the euro, losing 85 paisa for buying and selling at Rs 80.35 and Rs 80.45, dealers said. The rupee continued its overnight weakness in relation to the dollar in the interbank market on Friday, shedding three paisa for
Published 02 Dec, 2006 12:00am
Car lifters gang busted: four held

Car lifters gang busted: four held

The Anti-Car Lifting Cell (ACLC) busted gang of car lifters comprising members from Balochistan and Sindh and arrested its four members from a workshop while they were busy in changing the engine and chassis numbers of stolen vehicles.
Published 02 Dec, 2006 12:00am
THE RUPEE: euro crosses Rs 80 mark in open market

THE RUPEE: euro crosses Rs 80 mark in open market

The rupee came under pressure against the euro, losing 85 paisa for buying and selling at Rs 80.35 and Rs 80.45, dealers said. The rupee continued its overnight weakness in relation to the dollar in the interbank market on Friday, shedding three paisa for
Published 02 Dec, 2006 12:00am
FBI to help improve FIA's capacity to counter terrorism

FBI to help improve FIA's capacity to counter terrorism

The US intelligence agency Federal Bureau of Investigation (FBI) will assist the Federal Investigation Agency (FIA) in further strengthening its capacity in countering cyber crimes and terrorism, FIA Director General, Tariq Pervez told APP here on Wednesd
Published 02 Dec, 2006 12:00am
Pak Suzuki hailed for landmark achievement

Pak Suzuki hailed for landmark achievement

Senator Nelofar Bakhtiar, Federal Minister for Tourism visited Pak Suzuki Motor Company on Friday. The minister keenly observed the production facilities of the company, she appreciated the efforts made by Pak Suzuki in the motorization and the industrial
Published 02 Dec, 2006 12:00am
SHC bars inter-city vehicles entry into Karachi

SHC bars inter-city vehicles entry into Karachi

High Court of Sindh on Friday ordered as interim measure that all inter-city vehicles whose terminals have already been constructed outside the municipal limits will not enter the main city and park their vehicles in their terminals.
Published 02 Dec, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (December 01, 2006).

Published 02 Dec, 2006 12:00am
PTAa and PTCL asked to block sacrilegious cartoons on internet

PTAa and PTCL asked to block sacrilegious cartoons on internet

The Supreme Court disposed of a contempt application with directions to PTA and PTCL to block appearance of sacrilegious cartoons on internet. The contempt application was filed by Moulvi Iqbal Haider, Advocate stating that despite the Apex Court's orders
Published 02 Dec, 2006 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 02 Dec, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 02 Dec, 2006 12:00am
Pak-Jordan FTA talks soon

Pak-Jordan FTA talks soon

Jordan and Pakistan have agreed to start negotiations early next year for signing a free trade agreement (FTA) between the two countries. Secretary General, Ministry of Industry and Trade, Muntasser Oqlah made the announcement at the opening of a "Made in
Published 02 Dec, 2006 12:00am
Azerbaijan for enhancing cooperation in oil and gas sector

Azerbaijan for enhancing cooperation in oil and gas sector

Azerbaijan-Pakistan Parliamentary Working Group Chairman Eldar Ibrahimov has stressed the need for enhancing cooperation in oil and gas sector, and pointed out that both the countries could benefit from each other's experience in this vital field of econo
Published 02 Dec, 2006 12:00am
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