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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-12-09
LSE timings for CFS market

LSE timings for CFS market

The management of Lahore Stock Exchange (LSE), on receiving a lot of queries from the members regarding duration of the release session of CFS market, has announced to extend the timings for CFS market.
Published 09 Dec, 2006 12:00am
LHC issues notices to SHO Motra

LHC issues notices to SHO Motra

The Lahore High Court (LHC), while holding contempt proceedings against brick kiln owner Muhammad Arif for making false statement before the court, has directed SHO Motra to produce him before the court along with two detenue in his illegal custody.
Published 09 Dec, 2006 12:00am
Street kids victims of circumstances

Street kids victims of circumstances

Zardad Khan is hardly eight years old. He is too young to earn, but he is, like hundreds of street kids who supplement their families' income across the country. He collects paper (raddi) moving from one garbage dump to another and from street to street.
Published 09 Dec, 2006 12:00am
Senate polls: LHC hearing put off

Senate polls: LHC hearing put off

The Lahore High Court (LHC) on Thursday adjourned till December 13, the proceedings in a petition filed by PPPP candidate Dr Israr Shah in recent Senate election praying to the court to restore his main petition against Senator Haroon Akhtar, dismissed du
Published 09 Dec, 2006 12:00am
Batagram skill center to be ready next year

Batagram skill center to be ready next year

Skill Development Center (SDC) being set up by Technology Upgradation and Skill Development Company (Tusdec) in Batagram town of NWFP will become operational early next year.
Published 09 Dec, 2006 12:00am
PPP questions government's misuse of NAB

PPP questions government's misuse of NAB

Pakistan Peoples Party on Friday denounced the government's 'double standards' in the name of accountability, and demanded an end to using NAB for arm twisting of the opposition and covering up mega corruption of the 'king's party'.
Published 09 Dec, 2006 12:00am
PTCL moves court against PTA bandwidth tariffs cut

PTCL moves court against PTA bandwidth tariffs cut

The Pakistan Telecommunication Company Limited (PTCL) has moved the court, second time, against the regulator's determination in which it was asked to reduce bandwidth tariffs.
Published 09 Dec, 2006 12:00am
Visa policy relaxed to promote tourism: Senate panel told

Visa policy relaxed to promote tourism: Senate panel told

The government has relaxed its visa policy to promote tourism in the country and attract foreigners. This was informed in the meeting of Senate Standing Committee on Culture, Sports and Tourism held here on Friday.
Published 09 Dec, 2006 12:00am
LHC dismisses appeal

LHC dismisses appeal

The Lahore High Court (LHC) has dismissed an appeal filed by Rana Sajjad challenging the decision of the LHC single bench directing him to hand over her daughter to British High Commission official for her custody to her mother in Scotland.
Published 09 Dec, 2006 12:00am
Hearing put off

Hearing put off

Anti-terrorist court on Friday adjourned hearing of the case against Rashid Rauf till December 11 and extended judicial remand of the prime suspect of British airliner bombing. The court No 2 resumed hearing against Rashid Rauf, for his alleged involvemen
Published 09 Dec, 2006 12:00am
Housing agency asked to refund plot cost

Housing agency asked to refund plot cost

Punjab Ombudsman has directed Director General, Punjab Housing and Town Planning Agency (PHTPA) Rawalpindi, to refund an amount of Rs 42,912/- to the complainant withheld by the department for the last 17 years.
Published 09 Dec, 2006 12:00am
Tevta to set up training centers in madaris

Tevta to set up training centers in madaris

With a view to making students of madaris financially independent by providing them jobs in public or private sectors, Technical Education and Vocational Training Authority (Tevta) has embarked on a plan to establish as many as 100 technical training cent
Published 09 Dec, 2006 12:00am
The Weather

The Weather

The weather report on Friday (December 08, 2006) and the forecast for Saturday (December 09, 2006).
Published 09 Dec, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 09 Dec, 2006 12:00am
PTA announces WLL quality of service survey results

PTA announces WLL quality of service survey results

Pakistan Telecommunication Authority (PTA) has announced the results of recently conducted Wireless Local Loop (WLL) Operators Quality of Service (QoS) survey conducted in eight major cities across the country.
Published 09 Dec, 2006 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 09 Dec, 2006 12:00am
Ibad orders master plans for districts

Ibad orders master plans for districts

Sindh Governor, Dr Ishratul Ibad on Friday directed for preparation of comprehensive master plans for all the districts of Sindh. In this regard, he asked the provincial government to provide necessary technical and other expertise to the districts. He ca
Published 09 Dec, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
NIB Bank placed on A+, A1 ratings

NIB Bank placed on A+, A1 ratings

Pakistan Credit Rating Agency Limited (Pacra) has placed entity ratings of NIB Bank Limited (Long-term A+, Short-term A1) on rating watch with positive implications. The rating action emanates from NIB Bank's intention to acquire majority ownership stake
Published 09 Dec, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
NIB Bank placed on A+, A1 ratings

NIB Bank placed on A+, A1 ratings

Pakistan Credit Rating Agency Limited (Pacra) has placed entity ratings of NIB Bank Limited (Long-term A+, Short-term A1) on rating watch with positive implications. The rating action emanates from NIB Bank's intention to acquire majority ownership stake
Published 09 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 09 Dec, 2006 12:00am
Cattle market set up for Eid-ul-Azha

Cattle market set up for Eid-ul-Azha

World's largest cattle market (Maveshi Mandi) has been set up at the Super Highway on 1000 acres land to provide the people of Karachi with sacrificial animals on the occasion of Eid-ul-Azha.
Published 09 Dec, 2006 12:00am
Victims of Shahbaz Housing Scheme compensated

Victims of Shahbaz Housing Scheme compensated

An amount of Rs 0.3 million plus were distributed among 200 victims of Lal Shahbaz Housing Scheme of Sehwan Development Authority (SDA) district Jamshoro by the provincial management of National Accountability Bureau (NAB) in a "cheques distribution cerem
Published 09 Dec, 2006 12:00am
Wapda Housing: LHC directs Gujranwala DCO to submit reply

Wapda Housing: LHC directs Gujranwala DCO to submit reply

The Lahore High Court (LHC) while issuing stay in a petition filed by Wapda Employees Co-operative Housing Society (WECHS), directed the Gujranwala District Co-ordination Officer (DCO) to submit his reply within a fortnight.
Published 09 Dec, 2006 12:00am
NAB unearths big counterfeiters' gang

NAB unearths big counterfeiters' gang

The National Accountability Bureau (NAB) has unearthed a big scam of counterfeiting currency, special saving certificates, postage stamps, and educational certificates.
Published 09 Dec, 2006 12:00am
Withdrawal of duty on LPG import hailed

Withdrawal of duty on LPG import hailed

Liquefied Petroleum Gas Distributors Association Pakistan Chairman Muhammad Irfan Khokhar has welcomed the decision of the Economic Coordination Committee (ECC) to abolish duty on import of liquefied petroleum gas (LPG) and said it will result in reductio
Published 09 Dec, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
Efforts on to improve export potential, value addition

Efforts on to improve export potential, value addition

The lack of compliance for Corporate Social Responsibility (CSR) could threaten the very existence of export house. According to GTZ-AVE-NIC National Business Standards Roundtable for Pakistan's industry, the CSR is critical for attaining the competitive
Published 09 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 09 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 08, 2006).

Published 09 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 09 Dec, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
Neck to neck fight expected in LSE polls

Neck to neck fight expected in LSE polls

After withdrawal of nomination papers by 15 out of 25 candidates, one-to-one contest will take place between the nominees of Syed Asim Zafar and Gp-Captain (Retd) Naeem A. Khan groups in the forthcoming elections of the Lahore Stock Exchange (LSE).
Published 09 Dec, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
Pakistanis biggest consumers of sugar in South Asia

Pakistanis biggest consumers of sugar in South Asia

Pakistanis are the biggest consumers of sugar in South Asia with 25.83-kg per capita consumption per year. According to KCCI report, sugar consumption in the country has been showing an increasing trend for the last 15 years.
Published 09 Dec, 2006 12:00am
MMA holds demonstration against WPB

MMA holds demonstration against WPB

Muttahidda Majlis-i-Amal (MMA) on Friday staged a demonstration in front of central secretariat of Majlis Tahaffuz Khatam-i-Nabuwat to protest promulgation of women protection bill (WPB) describing it repugnant to Islam and provision of Holy Koran. More t
Published 09 Dec, 2006 12:00am
US and OIC hail Musharraf's Kashmir proposal

US and OIC hail Musharraf's Kashmir proposal

The United States has welcomed Pakistan President's Pervez Musharraf's willingness to give up his country's claim on Indian-occupied Jammu and Kashmir if Kashmiris were assured autonomy. But Washington said that any solution to the dispute should have the
Published 09 Dec, 2006 12:00am
THE RUPEE: sharp gains in open market

THE RUPEE: sharp gains in open market

Firmness prevailed in the currency market on Friday as the rupee gained slightly in relation to the dollar, dealers said. The rupee improved with sharp gain in terms of the dollar, picking up eight paisa at 60.84 for buying and was up by seven paisa for s
Published 09 Dec, 2006 12:00am
Jadoon invites Polish investment

Jadoon invites Polish investment

Polish Rigs International Company Chairman based in Dubai, Chris Czetwertynski called on Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon here and discussed with him investment potential in the oil and gas sector.
Published 09 Dec, 2006 12:00am
THE RUPEE: sharp gains in open market

THE RUPEE: sharp gains in open market

Firmness prevailed in the currency market on Friday as the rupee gained slightly in relation to the dollar, dealers said. The rupee improved with sharp gain in terms of the dollar, picking up eight paisa at 60.84 for buying and was up by seven paisa for s
Published 09 Dec, 2006 12:00am
NAB recovered Rs 1200 million in Balochistan

NAB recovered Rs 1200 million in Balochistan

Major General Salim Nawaz, Director General, National Accountability Bureau (NAB), Balochistan, has said that they have recovered Rs 1200 million from corrupt elements during the last six years in the province, as compared to Rs 360 million spent in this
Published 09 Dec, 2006 12:00am
Modarabas: FIRST HABIB MODARABA - Year Ended 30-06-2006

Modarabas: FIRST HABIB MODARABA - Year Ended 30-06-2006

The outstanding performance of First Habib Modaraba has been widely acknowledged. For being one of the best performing Modaraba in the sector, for year 2005, the Modaraba Association of Pakistan awarded to FHM "Excellence Awards."
Published 09 Dec, 2006 12:00am
Supreme Court stays Misbah's deportation to UK

Supreme Court stays Misbah's deportation to UK

The Supreme Court has stayed deportation of the 12-year-old Scottish Pakistani schoolgirl, Misbah Iram to Britain to join her mother Louise Anne-Fairley until decision of her father's appeal for custody.
Published 09 Dec, 2006 12:00am
Modarabas: FIRST HABIB MODARABA - Year Ended 30-06-2006

Modarabas: FIRST HABIB MODARABA - Year Ended 30-06-2006

The outstanding performance of First Habib Modaraba has been widely acknowledged. For being one of the best performing Modaraba in the sector, for year 2005, the Modaraba Association of Pakistan awarded to FHM "Excellence Awards."
Published 09 Dec, 2006 12:00am
Rich convicts live like kings in jails: Chief Justice

Rich convicts live like kings in jails: Chief Justice

Chief Justice Iftikhar Mohammad Chaudhry has observed that the Apex Court has the reports that convicts belonging to upper and rich classes live in jails as "kings," as they are provided modern facilities like "lap tops," "internet," mobile phones etc whi
Published 09 Dec, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
E-justice programme for bar associations opened

E-justice programme for bar associations opened

Federal Minister for Information Technology Awais Ahmed Khan Leghari Friday inaugurated a massive e-justice programme aimed at enabling the country's bar associations to have an easy online access to statutes, cases and laws.
Published 09 Dec, 2006 12:00am
Balochistan people rejected anti-Pakistan elements: Durrani

Balochistan people rejected anti-Pakistan elements: Durrani

Federal Minister for Information and Broadcasting Muhammad Ali Durrani said here on Friday that the participation of around 60,000 people in the public meeting of President Musharraf in Quetta has proved that Balochistan people have rejected the elements
Published 09 Dec, 2006 12:00am
Musharraf to contest elections: Durrani

Musharraf to contest elections: Durrani

President General Pervez Musharraf will context the next Presidential election with the support of progressive parties. Addressing a news conference in Quetta on Friday, Information Minister Muhammad Ali Durrani said the people of Balochistan fully suppor
Published 09 Dec, 2006 12:00am
PML and allies to actively contest next polls: Shaukat

PML and allies to actively contest next polls: Shaukat

Prime Minister Shaukat Aziz has said that every political party has the right to express itself, however the ruling party was moving with the allied parties with mutual understanding.
Published 09 Dec, 2006 12:00am
99 percent quake victims given mid-term facilities: Erra

99 percent quake victims given mid-term facilities: Erra

Director General Planning (Erra) informed National Assembly Standing Committee on Cabinet Secretariat that at least 99 percent people have been provided a mid-term housing facilities and only 10 percent people are living in tent villages at that time.
Published 09 Dec, 2006 12:00am
20 feared dead as coaster plunges into ravine

20 feared dead as coaster plunges into ravine

At least twenty persons are feared dead and several others seriously injured as a passenger coaster going from Rawalpindi to Astore skidded in a 1,500-feet deep ravine down KK Highway, reports said on Thursday.
Published 09 Dec, 2006 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
20 feared dead as coaster plunges into ravine

20 feared dead as coaster plunges into ravine

At least twenty persons are feared dead and several others seriously injured as a passenger coaster going from Rawalpindi to Astore skidded in a 1,500-feet deep ravine down KK Highway, reports said on Thursday.
Published 09 Dec, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Dec, 2006 12:00am
PLF plans rousing reception to Benazir

PLF plans rousing reception to Benazir

Peoples Lawyer Forum (PLF) has started preparations to accord rousing reception to Benazir Bhutto on arrival to Pakistan, and decided to hold seminars, conventions and meetings in the province of Punjab.
Published 09 Dec, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Dec, 2006 12:00am
LCCI urged to play role for uplift of infrastructure

LCCI urged to play role for uplift of infrastructure

Major General Shahid Iqbal, Chief Instructor (War Wing), National Defence College, has urged the Lahore Chamber of Commerce and Industry (LCCI) to play its due role for the development of infrastructure in the country, as it is a pre-requisite to cope wit
Published 09 Dec, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Dec, 2006 12:00am
'Industrialisation key to fight poverty'

'Industrialisation key to fight poverty'

Rawalpindi Chamber of Commerce and Industry has acted as a bridge between the government and business community and working for industrialisation to enhance trade relations with neighbouring countries, besides resolving problems of business community, RCC
Published 09 Dec, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (December 08, 2006).

Published 09 Dec, 2006 12:00am
Pakistan Express launching on December 16

Pakistan Express launching on December 16

With a view to providing speedy and cheap travelling facilities to public, Pakistan Railways has decided to ply Pakistan Express from Rawalpindi to Karachi from December 16, 2006. A spokesman of Railways said, here on Friday that this train, comprising ec
Published 09 Dec, 2006 12:00am
Pakistan and India agree to raise freight traffic

Pakistan and India agree to raise freight traffic

Pakistan and India have agreed to increase freight traffic between the two sides, Lok Sahba was informed during the question hour session. In a written reply, Minister of State for Railways R Velu said, "Both sides (India and Pakistan) agreed to make effo
Published 09 Dec, 2006 12:00am
Bid to rob Business Recorder staffer foiled

Bid to rob Business Recorder staffer foiled

The residents of Larechs Colony, Mughalpura railway station have urged the IG Police Punjab to ensure police patrolling in the area so as to provide protection of life and property to the residents.
Published 09 Dec, 2006 12:00am
Hafiz Hussain's denial

Hafiz Hussain's denial

Deputy secretary-general of Muttahida Majlis-i-Amal (MMA) Hafiz Hussain Ahmad has denied any show cause notice served on him by the religious alliance.
Published 09 Dec, 2006 12:00am
LPG prices to be slashed by Rs 2 per kg

LPG prices to be slashed by Rs 2 per kg

The liquefied petroleum gas (LPG) prices would decrease by two rupees per kilogram after government's decision to abolish customs duty on its import.
Published 09 Dec, 2006 12:00am
Callmate to challenge SECP decision

Callmate to challenge SECP decision

Callmate, a pre-paid phone cards company, has announced to challenge in court the Security and Exchange Commission of Pakistan (SECP) decision to expel it from the stock market for two months for a row over its audit authenticity.
Published 09 Dec, 2006 12:00am
Callmate to challenge SECP decision

Callmate to challenge SECP decision

Callmate, a pre-paid phone cards company, has announced to challenge in court the Security and Exchange Commission of Pakistan (SECP) decision to expel it from the stock market for two months for a row over its audit authenticity.
Published 09 Dec, 2006 12:00am
Ministries asked to appoint separate project directors

Ministries asked to appoint separate project directors

In fresh directives, the Planning Commission has asked all the ministries to appoint separate project directors (PDs) for executing development projects under Public Sector Development Programme (PSDP).
Published 09 Dec, 2006 12:00am
USAid keen on Fata development

USAid keen on Fata development

The United States has great interest in the development of Fata and this is the reason that US officials have been in constant touch with the traders and industrialists of the tribal belt of Pakistan.
Published 09 Dec, 2006 12:00am
Prime Minister reviews Khushhal Pakistan Fund programmes

Prime Minister reviews Khushhal Pakistan Fund programmes

Prime Minister Shaukat Aziz on Friday said Khushhal Pakistan Fund will have an immediate and direct impact on the standard and quality of life of people particularly in the less developed areas.
Published 09 Dec, 2006 12:00am
French language classes

French language classes

The French Language classes for final year students of International Relations Department University of Sindh will commence from January 10, 2007. In this regard a formal agreement was signed in the office of vice chancellor University of Sindh, at Allama
Published 09 Dec, 2006 12:00am
CDGK acts against profiteering in milk selling

CDGK acts against profiteering in milk selling

Dairy farmers have unofficially raised prices of milk by Rs 2 per liter and hinted at further increase while City District Government Karachi (CDGK) has announced to crack down on milk wholesalers and retailers overcharging for the sale of milk from today
Published 09 Dec, 2006 12:00am
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