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Print - 2006-12-12
Gold rebounds, silver gains in London

Gold rebounds, silver gains in London

Gold rose on Monday after hitting a three-week low, with bargain hunters and physical buyers supporting a market that remained vulnerable due to thin trading ahead of Christmas.
Published 12 Dec, 2006 12:00am
Seminar for online commodity trade on December 20

Seminar for online commodity trade on December 20

National Commodity Exchange Limited (NCEL), an all-electronic derivatives exchange, which will have its soft launch in February 2007, has arranged an investor seminar at Lahore on December 20.
Published 12 Dec, 2006 12:00am
Burn units in all district headquarters hospitals planned

Burn units in all district headquarters hospitals planned

The Punjab government has decided to set up "burn units" in all district headquarters in the province to provide immediate medical treatment to the burned persons at their doorstep and work on this project would be undertaken shortly.
Published 12 Dec, 2006 12:00am
Smeda prepares strategy to modernise sport goods industry

Smeda prepares strategy to modernise sport goods industry

Small and Medium Enterprise Development Authority (Smeda) has prepared a multi-dimensional strategy to the modernise sport goods industry, especially the soccer ball manufacturing sector, enabling it cope with the new challenges of global market, said Sme
Published 12 Dec, 2006 12:00am
Malaysia Ignorance or arrogance!

Malaysia Ignorance or arrogance!

Our cricket captain Inzamam has belittled Little Master Hanif Mohammad by comparing him to Mohammad Yusuf, our latest humble and great batsman. Whether Inzy has done it out of ignorance or arrogance or both, I don't know, but what I do know is that such c
Published 12 Dec, 2006 12:00am
Where perception is reality

Where perception is reality

I have recently travelled to a few Far Eastern countries, including Japan, Singapore, Hong Kong and Philippines and I got the opportunity to talk to lots of local people and government officials.
Published 12 Dec, 2006 12:00am
Troubleshooters or troublemakers

Troubleshooters or troublemakers

The Government of General Pervez Musharraf is very actively and appreciably extending its hand in tackling the international terrorism. The efforts and practical contributions made by Pakistan in this field have internationally been recognised but is the
Published 12 Dec, 2006 12:00am
Move in India to limit media power

Move in India to limit media power

India's feisty television news channels have tapped a seam of public disgust by using revolutionary sting operations to expose official corruption and social ills that have made some lawmakers so nervous they are trying to limit media power.
Published 12 Dec, 2006 12:00am
WTO regime: poor farmers need domestic support

WTO regime: poor farmers need domestic support

Domestic support is the support/favour given to the resource poor farmers under the provision of the World Trade Organisation (WTO) in order to improve their present pitiable condition. This commitment comes under Agreement on Agriculture (AoA).
Published 12 Dec, 2006 12:00am
Balochistan: a new era of prosperity

Balochistan: a new era of prosperity

Balochistan has great geo-strategic location. It has a wealth of natural and mineral resources which has increased its significance. It has the potential to become the regional economic hub after opening up of the Gwadar Port. Unfortunately, it always rem
Published 12 Dec, 2006 12:00am
The need for change

The need for change

Speaking at a government organised women's convention in Islamabad on Tuesday, President General Pervez Musharraf defended the recently passed women's protection law, countering its opponents' criticism. "Hudood Allah," he averred, "cannot be changed as t
Published 12 Dec, 2006 12:00am
Risks to the economy

Risks to the economy

Improvement in economic fundamentals is touted as a major achievement of the present government. Indeed it was but lately the economy has witnessed substantial weaknesses in some key areas which, if left unattended, could become a source of severe headach
Published 12 Dec, 2006 12:00am
Devaluation opposed

Devaluation opposed

Traders, industrialists, importers and economists have opposed the idea of devaluation of rupee, terming it as injurious to economy and calling the suggestion as very ridiculous.
Published 12 Dec, 2006 12:00am
Customs official dismissed on corruption charges

Customs official dismissed on corruption charges

The Central Board of Revenue (CBR) has dismissed Mazhar A Nurani, a BS-20 officer of customs and excise group on charges of corruption. According to a CBR notification issued here on Monday, Nurani was taken into custody under National Accountability Bure
Published 12 Dec, 2006 12:00am
Government to hold talks with local auto makers today

Government to hold talks with local auto makers today

The government will hold talks with local auto manufacturers on Tuesday (today) to evolve consensus on auto industry development plan that envisages 5.6 percent contribution to the GDP by 2011.
Published 12 Dec, 2006 12:00am
Efforts to build bridges between Musharraf, Benazir fail

Efforts to build bridges between Musharraf, Benazir fail

Things political have come full circle, as the go-betweens, who had undertaken to build bridges between President Pervez Musharraf and Benazir Bhutto have accepted defeat and bowed out, restoring the balance of power in the parliament to the pre-Woman Pro
Published 12 Dec, 2006 12:00am
Pakistan Post announces letter writing competition

Pakistan Post announces letter writing competition

Pakistan Post has announced letter writing competition on "Imagine you are a wild animal whose habit is threatened by environmental or climate chapter. Write a letter to the people, the world, explaining to them what they can to help you survival."
Published 12 Dec, 2006 12:00am
Lady Master Trainers

Lady Master Trainers

The first group of lady master trainers completed their four-week training on "Community empowerment through livestock development" at the University of Veterinary and Animal Sciences (UVAS), Lahore on Monday.
Published 12 Dec, 2006 12:00am
Bail granted

Bail granted

The Lahore High Court (LHC) has confirmed the bail of former vice-chairman LCCHS, Brigadier Karrar Ali Agha. Agha is facing charges of misappropriation of LCCHS (DHA) funds and also making fake allotments. He is also facing charges of making illegal asset
Published 12 Dec, 2006 12:00am
No devaluation likely: Sartaj

No devaluation likely: Sartaj

Former Finance Minister Sartaj Aziz has dispelled the possibility of depreciation in the rupee value and pointed out that misreading of the IMF report on Pakistan economy has put pressure on the money market. He expressed these views while addressing the
Published 12 Dec, 2006 12:00am
Concern voiced over Emma Nicholson's report on Kashmir

Concern voiced over Emma Nicholson's report on Kashmir

The Labour Party Peer Lord Nazir has underscored the need for participation of all Kashmiri parties, including the Mujahideen, in the peace talks leading to the settlement of Kashmir issue in an amicable way.
Published 12 Dec, 2006 12:00am
NWFP Assembly body for steps to ensure rice cultivation in Charsadda

NWFP Assembly body for steps to ensure rice cultivation in Charsadda

The NWFP Assembly Standing Committee on agriculture, livestock and co-operatives has urged the provincial government for taking measures to ensure rice cultivation in district Charsadda and construction of godowns for preservation of wheat and seeds in th
Published 12 Dec, 2006 12:00am
APMA demands remission for non-Muslims on eve of Christmas

APMA demands remission for non-Muslims on eve of Christmas

All Pakistan Minorities Alliance (APMA) has demanded of the President General Pervez Musharraf that non-Muslims involved in minor crimes should be released from jails and all discriminatory laws against the minorities must be repealed on the eve of Christ
Published 12 Dec, 2006 12:00am
Cut in export prices before Heimtextil fair demanded

Cut in export prices before Heimtextil fair demanded

Pakistani textile exporters would not be in a position to win export orders for next year if export prices were not made competitive prior to Heimtextil Exhibition Germany starting from January 12, 2007.
Published 12 Dec, 2006 12:00am
India must stop state terrorism in IoK: APHC

India must stop state terrorism in IoK: APHC

No dialogue or peace efforts between India and Pakistan could bear fruits until New Delhi put an end to brutal violations of human rights and end state terrorism in the Indian occupied Kashmir (IOK), Professor Muhammad Ashraf Saraf, senior leader of All P
Published 12 Dec, 2006 12:00am
NCHD establishes 6,602 literacy centres

NCHD establishes 6,602 literacy centres

The National Commission for Human Development (NCHD) has countrywide established 6,602 literacy centres where 160,533 people have become literate. According to official sources, the non-formal basic education system introduced by the government through se
Published 12 Dec, 2006 12:00am
Draw for Education City phase-I held

Draw for Education City phase-I held

The balloting ceremony for the first phase of the education city was held here on Monday during which 525 house numbers were allotted to educationists who had applied for ownership under the project.
Published 12 Dec, 2006 12:00am
SCCI briefed about government steps to modernise Sialkot

SCCI briefed about government steps to modernise Sialkot

The Planning Commission's Implementation and Monitoring member Lieutenant General Muhammad Zubair (retd) has said the government is making strenuous efforts for resolving the problems confronting the business community of the country.
Published 12 Dec, 2006 12:00am
LHC disposes of petition

LHC disposes of petition

The Lahore High Court (LHC) has disposed of a petition filed by a member of the Lahore High Court Bar Association (LHCBA) Mushtaq Mohal challenging the recruitment of prosecutors through Lahore High Court (LHC), as the law officer informed the court that
Published 12 Dec, 2006 12:00am
Sindh mines, mineral department to sign MoUs on December 13

Sindh mines, mineral department to sign MoUs on December 13

The provincial government would sign two memorandums of understanding (MoUs) on December 13 to expedite the development process in Sindh mines and mineral sector. Sources in the Mines and Mineral Department told Business Recorder on Monday that the
Published 12 Dec, 2006 12:00am
'Kiln labourers being paid in slaved category'

'Kiln labourers being paid in slaved category'

Bonded Labour Liberation Front (BLLF) and Labour Party Pakistan jointly held a demonstration outside Lahore Press Club on Monday to protest the excesses of brick kiln owners and non-implementation of official wages.
Published 12 Dec, 2006 12:00am
Parachinar hospital to have dental block soon

Parachinar hospital to have dental block soon

Medical Superintendent (MS) of Agency Headquarter Hospital Parachinar, Dr Hanif Jan has said that a dental block equipped with latest technology would shortly be inaugurated in the hospital. Talking to APP here on Monday, Dr Jan said that doctors and othe
Published 12 Dec, 2006 12:00am
Pacra maintains Picic ratings

Pacra maintains Picic ratings

The Pakistan Credit Rating Agency Limited (Pacra) in July 2005 placed the entity ratings of Pakistan Industrial Credit and Investment Corporation Limited (Long term: AA, Short-term A1+) on Rating Watch on account of the proposed merger with its subsidiary
Published 12 Dec, 2006 12:00am
Pacra maintains Picic ratings

Pacra maintains Picic ratings

The Pakistan Credit Rating Agency Limited (Pacra) in July 2005 placed the entity ratings of Pakistan Industrial Credit and Investment Corporation Limited (Long term: AA, Short-term A1+) on Rating Watch on account of the proposed merger with its subsidiary
Published 12 Dec, 2006 12:00am
EDA urged to boost artificial jewellery exports

EDA urged to boost artificial jewellery exports

Use of artificial jewellery is on rise in country due to increase of snatching gold jewellery incidents. Majority of women going out to attend functions used to wear artificial jewellery instead of gold jewellery fearing that they might loss their valuabl
Published 12 Dec, 2006 12:00am
Landslide victory clears way for Businessmen Panel's nominees

Landslide victory clears way for Businessmen Panel's nominees

The inevitable has happened. Businessmen Panel's landslide victory in both 'A' class and 'B' class associations has cleared the way for its nominee for the office of President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for 200
Published 12 Dec, 2006 12:00am
220 Sindh, Balochistan towns, villages to get gas by June

220 Sindh, Balochistan towns, villages to get gas by June

Sui Southern Gas Company (SSGC) will provide gas to 220 towns and villages in Sindh and Balochistan during the current financial year ending June 2007. This was stated by the Managing Director SSGC Munawar Baseer Ahmad while briefing the Senate Standing C
Published 12 Dec, 2006 12:00am
Heroin and hashish recovered; two held

Heroin and hashish recovered; two held

The Pakistan Coast Guards (PCG) has arrested two persons and recovered heroin and hashish from their possession. According to a press release received here on Monday.
Published 12 Dec, 2006 12:00am
'Takaful has tremendous potential in Pakistan'

'Takaful has tremendous potential in Pakistan'

"Islamic form of insurance--Takaful--has tremendous potential in Pakistan. World-wide total Takaful contributions volume (premiums) in 2004 stood at around $3 billion. Given the phenomenal growth of Takaful, particularly in Malaysia and the Middle East, i
Published 12 Dec, 2006 12:00am
'Government to set up small and medium industrial estates in Sindh'

'Government to set up small and medium industrial estates in Sindh'

Sindh Minister for Labour, Transport, Industries and Commerce Mohammad Adil Siddiqui said on Monday that government is focussing to set up small and medium industries in interior Sindh to provide maximum opportunities of employment to local people.
Published 12 Dec, 2006 12:00am
APNS to chalk out strategy against 'Papra'

APNS to chalk out strategy against 'Papra'

The APNS has noted with grave concern that the Federal Government intends to establish 'Press And Publications Regulatory Authority (Papra) on the same lines as Pemra, stated a spokesman of the Society.
Published 12 Dec, 2006 12:00am
Press under threat: Safma

Press under threat: Safma

South Asian Free Media Association (Safma) Secretary General Imtiaz Alam speaking in a seminar on "Excesses on journalists in the country," here on Sunday said that press was under threat from state as well as non-state actors.
Published 12 Dec, 2006 12:00am
Parachute technology of rice successful in Sialkot

Parachute technology of rice successful in Sialkot

Parachute technology of rice, introduced for bringing revolutionary changes in per acre yield of rice crop, has won the confidence of rice growers due to its positive results in Sialkot district.
Published 12 Dec, 2006 12:00am
Government trains 3000 healthcare providers

Government trains 3000 healthcare providers

Government has trained 3,000 healthcare providers in essential maternal and neonatal care in Multan, Muzaffargarh, Bahawalpur, Dera Ghazi Khan and 16 other districts to deliver quality services to women and children, especially mothers and new-borns.
Published 12 Dec, 2006 12:00am
Agriculture sector to be developed on modern lines: minister

Agriculture sector to be developed on modern lines: minister

The government is implementing a comprehensive strategy to develop the agriculture sector on modern scientific lines and in this connection best possible facilities are being provided to the farmers on top priority basis, said Chaudhry Muhammad Wasi Zafar
Published 12 Dec, 2006 12:00am
Saarc agriculture ministers meet on December 14

Saarc agriculture ministers meet on December 14

Agriculture ministers from South Asian Association for Regional Co-operation (Saarc) countries will for the first time in the history meet here on December 14 to explore new avenues for enhancing inter and intra-regional trade of agri products.
Published 12 Dec, 2006 12:00am
'Government committed to supporting human rights'

'Government committed to supporting human rights'

A seminar in connection with the International Human Rights Day was held at National Library Auditorium, Islamabad on Monday with an objective to create awareness about the importance of human rights.
Published 12 Dec, 2006 12:00am
Safari train service to start soon

Safari train service to start soon

Safari train service will be started in Khewra Salt Mines with the cooperation of railway ministry to facilitate people. This was stated by Managing Director PTDC Salman Javed here on Monday.
Published 12 Dec, 2006 12:00am
TSP body approves development schemes

TSP body approves development schemes

Provincial steering committee on Tameer-e-Sarhad Programme (TSP) on Monday approved development schemes worth millions of rupees for women and minority MPAs, being launched throughout the province.
Published 12 Dec, 2006 12:00am
Bina Goodyear to build highrise towers

Bina Goodyear to build highrise towers

Bina Goodyear Berhad a well known construction company of Malaysia has joined hands with Al Ghurair Giga Pakistan for the construction of its project Goldcrest, Defence Housing Authority Islamabad.
Published 12 Dec, 2006 12:00am
Government asked to expedite repatriation of Afghan DPs

Government asked to expedite repatriation of Afghan DPs

National Assembly Standing Committee on States and Frontier Regions (Safron) on Monday directed the government to expedite repatriation of Afghan refugees following the worsening law and order situation in the country.
Published 12 Dec, 2006 12:00am
Anti-polio drive: minister to visit Pak-Afghan border today

Anti-polio drive: minister to visit Pak-Afghan border today

Federal Health Minister Nasir Khan will visit Pak-Afghan border on Tuesday (tomorrow) to monitor polio immunisation campaign. Pakistan and Afghanistan have agreed to launch a well-co-ordinated cross-border immunisation campaign to fight against the crippl
Published 12 Dec, 2006 12:00am
The Weather

The Weather

The weather report on Monday (December 11, 2006) and the forecast for Tuesday (December 12, 2006).
Published 12 Dec, 2006 12:00am
New York cotton

New York cotton

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

Published 12 Dec, 2006 12:00am
President for ensuring speedy delivery of justice

President for ensuring speedy delivery of justice

President General Pervez Musharraf has emphasised the need for introducing modern technology at all tiers for improving working of the judiciary, ensuring transparency and speedy delivery of justice to the people.
Published 12 Dec, 2006 12:00am
New York cotton

New York cotton

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

Published 12 Dec, 2006 12:00am
Pak-China joint anti-terrorism exercise begins

Pak-China joint anti-terrorism exercise begins

A ten-day Joint anti-terrorist exercise "Friendship Exercise-2006" of Pakistan Army and Chinese Peoples Liberation Army (PLA) started in the hilly terrain near here Monday. A sizeable contingent from China comprising Elite Group is taking part in the join
Published 12 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 12 Dec, 2006 12:00am
MIMA Leather rating reaffirmed

MIMA Leather rating reaffirmed

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has reaffirmed the medium to long-term entity of BBB- (Triple B minus) and short-term rating of A-3 (A Three) assigned to MIMA Leather (Private) Limited (MIMA). The outlook on the medium to long-term rating is '
Published 12 Dec, 2006 12:00am
MIMA Leather rating reaffirmed

MIMA Leather rating reaffirmed

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has reaffirmed the medium to long-term entity of BBB- (Triple B minus) and short-term rating of A-3 (A Three) assigned to MIMA Leather (Private) Limited (MIMA). The outlook on the medium to long-term rating is '
Published 12 Dec, 2006 12:00am
PBC nominates returning officer for SCBA polls

PBC nominates returning officer for SCBA polls

Pakistan Bar Council (PBC) has nominated Syed Qalb-i-Abbas as returning officer for the re-elections of Supreme Court Bar Association (SCBA) to be held on December 18. The PBC has also constituted a five-member supervisory committee headed by former judge
Published 12 Dec, 2006 12:00am
SCBA re-polling on December 18

SCBA re-polling on December 18

The Executive Committee of Pakistan Bar Council has nominated Syed Qalb-e-Hasan as returning officer for the purpose of holding of re-polling of Supreme Court Bar Association's election scheduled to be held on December 18, 2006.
Published 12 Dec, 2006 12:00am
CDGK plans raise in fee for change of land status

CDGK plans raise in fee for change of land status

City District Government Karachi (CDGK) plans to increase fees for the change of land status on 21 identified commercialised thoroughfares of the metropolis and in this regard further amendments in its bylaws will be made.
Published 12 Dec, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 11, 2006).

Published 12 Dec, 2006 12:00am
Daniel Pearl: hearing of Sheikh Omar's appeal begins

Daniel Pearl: hearing of Sheikh Omar's appeal begins

An appeal by Sheikh Omar sentenced to death for killing US reporter Daniel Pearl got under way on Monday at a court in Pakistan after a delay of more than four years. "The entire defence team is there" and had begun to present their case to the judge, pub
Published 12 Dec, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (December 11, 2006) and for Tuesday (December 12, 2006).
Published 12 Dec, 2006 12:00am
Government urged not to allow black cabs' imports

Government urged not to allow black cabs' imports

Chairman, Association of Auto parts Exporters, Tahir Javed Malik, has urged the government not to allow duty-free import of black cabs in the larger interest of local engineering and auto industry.
Published 12 Dec, 2006 12:00am
'Nazims cannot recruit revenue officials'

'Nazims cannot recruit revenue officials'

The Lahore High Court (LHC), while allowing the petitions of Patwaris, has observed that Nazims are not empowered to either recruit or terminate the revenue officials. The court further observed that the respondent Nazims are even not authorised to perfor
Published 12 Dec, 2006 12:00am
'Pakistan has youngest labour force in world'

'Pakistan has youngest labour force in world'

General Secretary Pakistan Workers Federation (PWF) Khurshid Ahmad has said that Pakistan has youngest labour force in the world almost 63 percent from the age of 15 to 24 years living majority in the rural areas.
Published 12 Dec, 2006 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 02 December 2006

Published 12 Dec, 2006 12:00am
'No child working in industrial units'

'No child working in industrial units'

Sindh Employees Social Security Institution (Sessi) Commissioner, Rasool Bux Phulpoto has said that there are no more instances of child labour working in industrial units.
Published 12 Dec, 2006 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 02 December 2006

Published 12 Dec, 2006 12:00am
Civil servants urged to work with dedication

Civil servants urged to work with dedication

Chairman National Commission for Government Reforms Dr Ishrat Hussain has urged the civil servants to work with good motives and full dedication to overcome the shortcomings and make the country's institutions more dynamic and vibrant.
Published 12 Dec, 2006 12:00am
CBR reforms impact perception survey

CBR reforms impact perception survey

Survey teams of an independent organisation would randomly select tax officials and taxpayers for carrying out a perception survey to know about the impact of reforms.
Published 12 Dec, 2006 12:00am
Awareness about epilepsy stressed

Awareness about epilepsy stressed

With a view to creating awareness among families of epileptic patients, Fountain House Lahore organised a community education programme on epilepsy here on Monday.
Published 12 Dec, 2006 12:00am
Anti-polio awareness drive launched

Anti-polio awareness drive launched

Punjab Health Minister Chaudhry Muhammad Iqbal on Monday announced launching of mass-scale awareness campaign in as many as 53 tehsils of the 13 districts of the Punjab to strengthen Expanded Programme on Immunisation (EPI).
Published 12 Dec, 2006 12:00am
Mayo-Hospital spending Rs 180 million on free medicines

Mayo-Hospital spending Rs 180 million on free medicines

Pursuant to Punjab Chief Minister's "Health for All" Vision, Mayo-Hospital, Lahore, which is one of the biggest health institutions not only in the country but also in Asia, has been converted into a patient-friendly state-of-the-art hospital where free m
Published 12 Dec, 2006 12:00am
'Mybank giving profit as per SBP instructions'

'Mybank giving profit as per SBP instructions'

Mybank Ltd, Chairman Iqbal Alimohamed has said that his bank is sharing profit with its account holders as per instructions of the State Bank of Pakistan (SBP). He was talking to the newsmen after the inauguration of Mybank model branch here at DHA on Mon
Published 12 Dec, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 11, 2006).

Published 12 Dec, 2006 12:00am