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Print - 2007-01-05
'NWFP to promote tourism sector'

'NWFP to promote tourism sector'

The NWFP government is taking measures to promote the potential tourism sector in the province, saying such steps include the construction of museums and arrangements of travel and lodging facilities for tourists.
Published 05 Jan, 2007 12:00am
PPP seeks accountability of judiciary

PPP seeks accountability of judiciary

Pakistan Peoples Party (PPP) Senator Dr Zaheeruddin Babar Awan has called for accountability of judiciary through Supreme Judicial Council. Addressing a press conference here on Thursday, he said the Supreme Judicial Council was formed to hold accountabil
Published 05 Jan, 2007 12:00am
PPP striking deal with rulers, charges Ghinwa

PPP striking deal with rulers, charges Ghinwa

Chairperson Pakistan Peoples Party (Shaheed Bhutto) Ghinwa Bhutto charged on Thursday that Pakistan Peoples Party-Parliamentarian was striking a secret deal with the rulers to come to power from the back door.
Published 05 Jan, 2007 12:00am
BRR, Guardian Modarabas on rating watch

BRR, Guardian Modarabas on rating watch

JCR-VIS has changed the outlook of both BRR International Modaraba and Guardian Modaraba to Rating Watch - Positive. The Modarabas were put on rating watch on August 23, 2006, following their announced merger.
Published 05 Jan, 2007 12:00am
BRR, Guardian Modarabas on rating watch

BRR, Guardian Modarabas on rating watch

JCR-VIS has changed the outlook of both BRR International Modaraba and Guardian Modaraba to Rating Watch - Positive. The Modarabas were put on rating watch on August 23, 2006, following their announced merger.
Published 05 Jan, 2007 12:00am
Shujaat disowns Afgan's remark

Shujaat disowns Afgan's remark

Disowning federal minister Dr Sher Afgan Niazi as a 'Leaguer', Pakistan Muslim League President Chaudhry Shujaat Hussain on Thursday said that it was Prime Minister Shaukat Aziz's job to take notice of his statement that deal with PPPP was in final phase.
Published 05 Jan, 2007 12:00am
'Balanced use of fertiliser works wonders'

'Balanced use of fertiliser works wonders'

Balanced use of fertiliser worked beyond the expectations of the Minfal, as both the farming community and the dealers responded positively to the government's decision of subsidising phosphatic and potassic fertilisers.
Published 05 Jan, 2007 12:00am
Right to self-determination day today

Right to self-determination day today

Kashmiris on both sides of the line of control and all over the world will observe January 5 as the Right of Self-determination Day with the renewed pledge to continue their liberation struggle till the achievement of the objective.
Published 05 Jan, 2007 12:00am
NWFP's acting governor visits law, human rights offices

NWFP's acting governor visits law, human rights offices

The Acting Governor, NWFP Justice Tariq Parvez Khan paid a visit to the offices of Provincial Law, Human Rights and Parliamentary Affairs Department at Civil Secretariat here on Thursday.
Published 05 Jan, 2007 12:00am
'Gwadar Port to generate two million jobs'

'Gwadar Port to generate two million jobs'

Gwadar deep seaport is likely to generate around two million new jobs in eight to 10 years. Secretary Planning and Development Balochistan Sohail Qadeer on Thursday told PTV that the future business hub is surrounded by sea from all sides and provides che
Published 05 Jan, 2007 12:00am
Body formed for residential colony of journalists

Body formed for residential colony of journalists

NWFP Minister for Local Government, Elections and Rural Development Sardar Mohammad Idrees has, under the directives of the NWFP Chief Minister Akram Khan Durrani, announced a committee led by chairmanship of Provincial Secretary Local Government for acqu
Published 05 Jan, 2007 12:00am
PFF official leaves for Japan

PFF official leaves for Japan

Pakistan Football Federation (PFF), Treasurer, Muhammad Irfan Gauhar on Thursday left here for Japan to attend 5th Football Conference at Osaka on Friday, January 5. According to a spokesman of the PFF, the meeting will focus on further development of foo
Published 05 Jan, 2007 12:00am
Closure of Sukkur Barrage's canals from January 6

Closure of Sukkur Barrage's canals from January 6

All off-taking canals of right and left bank of the Sukkur Barrage will remain closed from January 06 to 20, (both days inclusive) for the purpose of normal inspection/maintenance and necessary repairs of infrastructure. This was announced by Sukkur Barra
Published 05 Jan, 2007 12:00am
IRC to build consciousness among society's marginalised sections

IRC to build consciousness among society's marginalised sections

Interactive Resource Centre (IRC), a non-profit organisation striving to build a consciousness among marginalised sections of society, has launched its project titled 'Establishing Participatory Accountability Process for Better Service Delivery'.
Published 05 Jan, 2007 12:00am
SHC orders to locate son

SHC orders to locate son

A division bench of Sindh High Court on Thursday observed that protecting lives of people was foremost responsibility of the state. SHC's division bench comprising Justice Sarmad Jalal Umani and Justice Muhammad Ather Saeed was hearing petition against il
Published 05 Jan, 2007 12:00am
Hearing adjourned

Hearing adjourned

An accountability court on Thursday adjourned till February 3, the proceedings in a reference against former federal minister Jehangir Badr to await the Supreme Court decision. The accused has been facing the charges of corruption and making illegal asset
Published 05 Jan, 2007 12:00am
Anti-Women Practices Bill: media campaign to be initiated shortly

Anti-Women Practices Bill: media campaign to be initiated shortly

A six-week long media campaign will be initiated shortly for creating awareness about the proposed prevention of anti women practices bill. The decision was made at the meeting of media advisory committee on Prevention of Anti-Women Practices Bill", held
Published 05 Jan, 2007 12:00am
Streamlining the tax system

Streamlining the tax system

Government authorities are reported to be making hectic efforts to devise new ways to broaden the tax net and raise tax-to-GDP ratio in the country. According to a news item in the Business Recorder, the Central Board of Revenue (CBR) is ready with
Published 05 Jan, 2007 12:00am
From tyrant to martyr

From tyrant to martyr

For over a quarter of a century of his rule Saddam Hussain was known as a brutal dictator inside and outside Iraq. But the manner in which he was tried and executed by the occupiers has earned him widespread sympathy, even respect. Independent observers h
Published 05 Jan, 2007 12:00am
WTO: challenges and misconceptions-II

WTO: challenges and misconceptions-II

WTO started with a "built-in-agenda" with well over 30 items incorporated in Doha Development Agenda (1st round) and its agreements cover goods, services, intellectual property rights and its broad outlines include also dispute settlements and reviews of
Published 05 Jan, 2007 12:00am
The vanishing mangroves

The vanishing mangroves

Reports regarding disappearing mangroves off Shamspir Island are extremely disgusting. The question is when mangrove forest is protected under the law why no action is being taken by the law enforcement agencies against the perpetrators of such a heinous
Published 05 Jan, 2007 12:00am
PIA flights to Saidu Sharif/Swat

PIA flights to Saidu Sharif/Swat

For one year PIA suspended flights from Islamabad/Peshawar to Saidu Sharif (Swat) which is giving lot of problems to travellers to Northern Area as otherwise people can reach by air within 30/40 minutes whereas by road it will take 5 to 6 hours. Roads are
Published 05 Jan, 2007 12:00am
The proxy war

The proxy war

Saddam Hussain, once a crony of the USA, fought proxy war with Iran for the latter for about/over a decade with the weapons supplied by the "master", including the chemical weapons, has at last been hanged on Eid day by the "master".
Published 05 Jan, 2007 12:00am
Growing up angry in Gaza

Growing up angry in Gaza

For the children of Gaza, prisoners of the narrow coastal strip surrounded by the Israeli army, the outside world is nothing but fury, violence and tragedy - a menacing universe that they fear.
Published 05 Jan, 2007 12:00am
US newspapers hail Women's Protection Law

US newspapers hail Women's Protection Law

Appreciating recent enactment of the law for protection of women's rights, a policy analyst writing in United States newspaper has observed that Pakistan is moving on a progressive path.
Published 05 Jan, 2007 12:00am
Elevated expressway to be completed in three years: Mustafa

Elevated expressway to be completed in three years: Mustafa

City Nazim Syed Mustafa Kamal has said the government's encouraging and investors' friendly policies as well as the development of city's infrastructure on rapid pace have not only improving the reputation of Karachi in the world but also helping in the i
Published 05 Jan, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (January 04, 2007) and for Friday (January 05, 2007).
Published 05 Jan, 2007 12:00am
Supreme Court issues notices to respondent

Supreme Court issues notices to respondent

The Supreme Court of Pakistan has issued notices to respondent in a petition filed by one Muhammad Bota of Lahore who approached the court for cancellation of bail of Tariq Mehmood, who grabbed huge money from the petitioner and others.
Published 05 Jan, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
Government offices function with thin staff

Government offices function with thin staff

The government offices in Karachi on Thursday functioned much below their capacity as a large number of officials were either on leave or had left their offices early to meet their superiors, friends and relatives.
Published 05 Jan, 2007 12:00am
Integration of Union Bank completed

Integration of Union Bank completed

The Standard Chartered Bank has successfully completed the integration of the Union Bank. This has been described as the largest transaction in the history of Pakistan's banking history. The bank, with 115 branches in 22 cities across Pakistan, is now the
Published 05 Jan, 2007 12:00am
Trade Policy 2006 to be discussed

Trade Policy 2006 to be discussed

Meeting of organisation of industrialists and traders, The Founders, has been convened to discuss Trade Policy 2006, FPCCI elections and load shedding. According to The Founders' spokesman here on Thursday.
Published 05 Jan, 2007 12:00am
Government resumes Afghans registration

Government resumes Afghans registration

The government has resumed the registration of Afghans in Pakistan amid the recent overwhelming response that had led the authorities to extend the deadline till January 19. The exercise started in October last year and was scheduled to end on December 31
Published 05 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 04, 2007).

Published 05 Jan, 2007 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 05 Jan, 2007 12:00am
JWP leader goes missing again

JWP leader goes missing again

One of the victims of disappearances, Saleem Baloch, Senior Vice President of Jamhori Watan Party (JWP), who had recently been released, was picked up again near his residence on Thursday.
Published 05 Jan, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
Beach Luxury arranges 'Seafood extravaganza'

Beach Luxury arranges 'Seafood extravaganza'

Keeping alive it's tradition of hospitality and entertainment, Hotel Beach Luxury has arranged a Seafood Festival by the name of Seafood Extravaganza at its famous seafood restaurant CASBAH. The Seafood extravaganza would continue till January 26, 2007, s
Published 05 Jan, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
16 percent schoolgirls using tobacco in Pakistan: survey

16 percent schoolgirls using tobacco in Pakistan: survey

A recent study on smoking prevalence has revealed that 16 percent of all schoolgirls surveyed had already tried tobacco in some form. Professor Javaid Khan, Head Section of Pulmonary and Critical Care Medicine, Aga Khan University (AKU) shared this inform
Published 05 Jan, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 05 Jan, 2007 12:00am
Strategy evolved to check heinous crimes

Strategy evolved to check heinous crimes

Punjab Chief Minister, Chaudhry Pervaiz Elahi said that an effective strategy had been adopted to check the incidents of kidnapping for ransom and other heinous crimes and warned that the persons involved in such crimes would be dealt with an iron hand.
Published 05 Jan, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 05 Jan, 2007 12:00am
APCA holds demonstration

APCA holds demonstration

The activists of All Pakistan Clerks Association (Apca), Sukkur Chapter staged a protest demonstration outside the Board of Intermediate and Secondary Education office here on Thursday against the appointment of retired employees by the government.
Published 05 Jan, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (January 04, 2007) and the forecast for Friday (January 05, 2007).
Published 05 Jan, 2007 12:00am
Punjab PSMA chief holding office illegally

Punjab PSMA chief holding office illegally

Holding of chairman office by Chaudhry Zaka Ashraf of Pakistan Sugar Mills Association (PSMA) Punjab zone, is unlawful as it is in violation of the law of memorandum of articles of associations of all Pakistan associations.
Published 05 Jan, 2007 12:00am
LAHORE CULTURAL DIARY: Overview of cultural events during 2006

LAHORE CULTURAL DIARY: Overview of cultural events during 2006

Cultural activities in Lahore gained accelerated momentum during the year that ended on Sunday, December 31, 2006. The events, which engaged public attention throughout the year included art exhibitions, stage plays, music concerts, film festivals and lit
Published 05 Jan, 2007 12:00am
Bulls hold sway on KSE

Bulls hold sway on KSE

The bullish trend prevailed throughout the day at the share market with the KSE-100 index closing near its intra-day high at the 10184.52 point level, posting net gains of 118.20 points on Thursday. The KSE-30 index closed at 12735.23 points level, up by
Published 05 Jan, 2007 12:00am
Bulls hold sway on KSE

Bulls hold sway on KSE

The bullish trend prevailed throughout the day at the share market with the KSE-100 index closing near its intra-day high at the 10184.52 point level, posting net gains of 118.20 points on Thursday. The KSE-30 index closed at 12735.23 points level, up by
Published 05 Jan, 2007 12:00am
Bulls hold sway on KSE

Bulls hold sway on KSE

The bullish trend prevailed throughout the day at the share market with the KSE-100 index closing near its intra-day high at the 10184.52 point level, posting net gains of 118.20 points on Thursday. The KSE-30 index closed at 12735.23 points level, up by
Published 05 Jan, 2007 12:00am
BRIDGE NOTES: Meticulous false carding misleads defence

BRIDGE NOTES: Meticulous false carding misleads defence

Very many varieties of deceptions, tricks and guiles are employed in bidding, defence and play as part of bridge strategy to hoodwink the opponents. And in many cases perpetrators of trickery succeed in achieving their objective.
Published 05 Jan, 2007 12:00am
BRIndex30 up 142.19 points

BRIndex30 up 142.19 points

On Thursday, the BRIndex30 opened at 10,656.90 in the green zone and remained there for the whole trading time. It closed at 10,799.73 with a net positive change of 142.19 and percentage change of 1.33. It experienced intra-day high of 10,828.71 and intra
Published 05 Jan, 2007 12:00am
WORLD SPORTS: Climbing craze drives dare-devils up the wall

WORLD SPORTS: Climbing craze drives dare-devils up the wall

Like spiders they clamber up the walls -- children, young adults, pensioners -- and then descend on cords. They are multiplying fast. It all started more than twenty years ago in a secluded house in downtown Brussels, according to the many Belgians who cl
Published 05 Jan, 2007 12:00am
BRIndex30 up 142.19 points

BRIndex30 up 142.19 points

On Thursday, the BRIndex30 opened at 10,656.90 in the green zone and remained there for the whole trading time. It closed at 10,799.73 with a net positive change of 142.19 and percentage change of 1.33. It experienced intra-day high of 10,828.71 and intra
Published 05 Jan, 2007 12:00am
Arab-American writer is ambassador for Middle East

Arab-American writer is ambassador for Middle East

Arab-American poet, playwright and scholar Nathalie Handal is a sort of Renaissance woman for the 21st century. She lives in New York, she's editing two literary anthologies, she's helping to produce a feature film about the poet Gibran Kahlil, and she's
Published 05 Jan, 2007 12:00am
Pak-Iran joint investment company established

Pak-Iran joint investment company established

Pakistan and Iran on Thursday formed Pak-Iran Joint Investment Company. The representatives of the two sides signed the agreement. A 3-member delegation comprising Mehdireza Darvishzadeh, chairman and managing director; Syed Mansoor Mir Abedeni, deputy ch
Published 05 Jan, 2007 12:00am
Pak-Iran joint investment company established

Pak-Iran joint investment company established

Pakistan and Iran on Thursday formed Pak-Iran Joint Investment Company. The representatives of the two sides signed the agreement. A 3-member delegation comprising Mehdireza Darvishzadeh, chairman and managing director; Syed Mansoor Mir Abedeni, deputy ch
Published 05 Jan, 2007 12:00am
Pak-Iran joint investment company established

Pak-Iran joint investment company established

Pakistan and Iran on Thursday formed Pak-Iran Joint Investment Company. The representatives of the two sides signed the agreement. A 3-member delegation comprising Mehdireza Darvishzadeh, chairman and managing director; Syed Mansoor Mir Abedeni, deputy ch
Published 05 Jan, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 05 Jan, 2007 12:00am
Rs 409.2 billion revenue collected in July-December

Rs 409.2 billion revenue collected in July-December

The Central Board of Revenue (CBR) has amassed Rs 409.2 billion during the first half (July-December) of 2006-07 against target of Rs 372 billion, reflecting an extraordinary growth of Rs 37.2 billion.
Published 05 Jan, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 05 Jan, 2007 12:00am
Rs 409.2 billion revenue collected in July-December

Rs 409.2 billion revenue collected in July-December

The Central Board of Revenue (CBR) has amassed Rs 409.2 billion during the first half (July-December) of 2006-07 against target of Rs 372 billion, reflecting an extraordinary growth of Rs 37.2 billion.
Published 05 Jan, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
Rs 409.2 billion revenue collected in July-December

Rs 409.2 billion revenue collected in July-December

The Central Board of Revenue (CBR) has amassed Rs 409.2 billion during the first half (July-December) of 2006-07 against target of Rs 372 billion, reflecting an extraordinary growth of Rs 37.2 billion.
Published 05 Jan, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
LSE index gains 60.11 points

LSE index gains 60.11 points

Bullish trend prevailed for the second consecutive day on the Lahore Stock Exchange (LSE) where the banking sector helped the LSE-25 index improve amid ascending transaction volume on account of investors' interest.
Published 05 Jan, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
LSE index gains 60.11 points

LSE index gains 60.11 points

Bullish trend prevailed for the second consecutive day on the Lahore Stock Exchange (LSE) where the banking sector helped the LSE-25 index improve amid ascending transaction volume on account of investors' interest.
Published 05 Jan, 2007 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bulls strengthened their positions at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index. ISE-10 Index was plus by 26.30 points, as index moved from 2,452.74
Published 05 Jan, 2007 12:00am
Bulls hold sway on ISE

Bulls hold sway on ISE

Bulls strengthened their positions at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index. ISE-10 Index was plus by 26.30 points, as index moved from 2,452.74
Published 05 Jan, 2007 12:00am
Sri Lanka says bombs rebel naval base in new strike

Sri Lanka says bombs rebel naval base in new strike

Sri Lankan jets bombed a Tamil Tiger naval base in the north of the island on Thursday in a third consecutive day of air strikes despite United Nations calls for an end to the fighting.
Published 05 Jan, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
LG Electronics to bridge DVD divide

LG Electronics to bridge DVD divide

South Korea's LG Electronics said Thursday it plans to sell the world's first DVD player capable of playing rival high-definition DVD formats. The dual-format player, to be released in the United States early this year, will end the "confusion and inconve
Published 05 Jan, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 04, 2007).
Published 05 Jan, 2007 12:00am
WTO chief urges Norway to cut agriculture subsidies

WTO chief urges Norway to cut agriculture subsidies

Norway should open its agriculture markets by cutting subsidies and tariffs after reaping the benefits of globalisation, World Trade Organisation (WTO) chief Pascal Lamy said on Thursday. "I have one message: this (reduction in tariffs and subsidies) is p
Published 05 Jan, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 04, 2007).

Published 05 Jan, 2007 12:00am
Toyota joins 'Big Three' in 2006

Toyota joins 'Big Three' in 2006

Toyota Motor Corp became one of the Big Three automakers in 2006, using its strong December US sales to oust DaimlerChrysler from the fabled troika. Toyota overtook DaimlerChrysler for the No 3 spot in sales in the US market for all of 2006 as it continue
Published 05 Jan, 2007 12:00am
Blair threatens to shelve Northern Ireland elections

Blair threatens to shelve Northern Ireland elections

British Prime Minister Tony Blair on Thursday threatened to shelve elections for a power-sharing government in Northern Ireland unless Catholic and Protestants settle their differences over policing.
Published 05 Jan, 2007 12:00am
ADB plans capacity building of credit rating agencies

ADB plans capacity building of credit rating agencies

The Asian Development Bank has decided to launch a project "Capacity building and regional co-operation of credit rating agencies in Asia", including Pakistan, which will be financed by the Japan Special Fund.
Published 05 Jan, 2007 12:00am
ADB plans capacity building of credit rating agencies

ADB plans capacity building of credit rating agencies

The Asian Development Bank has decided to launch a project "Capacity building and regional co-operation of credit rating agencies in Asia", including Pakistan, which will be financed by the Japan Special Fund.
Published 05 Jan, 2007 12:00am