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Print - 2007-03-10
Pak Suzuki holds lucky draw

Pak Suzuki holds lucky draw

Samiuddin from Karachi won the World Trip as the first prize while second prize, the Mediterranean Curse, went to Abdul Rasheed Shaikh from Hyderabad. Syed Sajid Ali from Sukkur, Nadeem Akhter from Islamabad, Ms Siddiqa Manzoor from Peshawar, Shafaqat Ali
Published 10 Mar, 2007 12:00am
Inaugural of Air Arabia flight held

Inaugural of Air Arabia flight held

Air Arabia held an inaugural ceremony of its first flight to Karachi at Transit Restaurant, Jinnah Terminal. The ceremony was attended by Adel Ali CEO Air Arabia, Senator Nisar Memon, Senator Asif Jatoi, Senator Baber Ghauri, Brigadier Fiaz Ahmed Satti Di
Published 10 Mar, 2007 12:00am
Wapda officials ordered to compensate lineman

Wapda officials ordered to compensate lineman

The Supreme Court has ordered three Water and Power Development Authority (Wapda) officers to pay two-and-a-half years salary from their own pocket to a Wapda lineman, whom they illegally dismissed from the service.
Published 10 Mar, 2007 12:00am
Low mark-up rates jacking real estate prices up

Low mark-up rates jacking real estate prices up

The single digit mark-up rate on commercial loans few years back has jacked up the prices of real estates in the country, a senior banker told on condition of anonymity.
Published 10 Mar, 2007 12:00am
Conference

Conference

Punjab University Department of Psychology and Applied Psychology will hold a three day national conference on 'New Trends in Psychological Research' from 5th to 7th April 2007.
Published 10 Mar, 2007 12:00am
Nasrin for equal job opportunities to women

Nasrin for equal job opportunities to women

City Naib Nazim, Nasrin Jalil, has called for offering equal opportunities to working women as are available to their male counterparts in employment in different fields. She said this should also be true with respect to salaries and working women must ge
Published 10 Mar, 2007 12:00am
CDGK taking steps to provide jobs to youth

CDGK taking steps to provide jobs to youth

City Nazim Syed Mustafa Kamal has said the city government is taking all possible steps to provide job opportunities to women and youth. Around 30,000 youths will be provided jobs in IT Tower as city government also spending a huge amount to impart traini
Published 10 Mar, 2007 12:00am
World Bank may be asked for extension in NERP

World Bank may be asked for extension in NERP

The NWFP government is likely to ask World Bank for extension in the NWFP-Emergency Rehabilitation Project (NERP) by July 2007, six months before the closure of the project, sources in the department of Planning & Development told Business Recorder.</i
Published 10 Mar, 2007 12:00am
Nadra offers franchise on utility bill payment kiosks

Nadra offers franchise on utility bill payment kiosks

The Nadra in a bid to expand its Utility Bill Payment network and provide business opportunities to the citizens is franchising its kiosks, a press release from Nadra Headquarter said on Friday.
Published 10 Mar, 2007 12:00am
Ufone launches new prepaid package

Ufone launches new prepaid package

Ufone announced launch of "Public Demand" under its pre-paid regime for the mass market with the lowest call-rates and 30 seconds billing. Ufone "Public Demand" offers a calling charge of only 99 paisas to any network anywhere in Pakistan. The package als
Published 10 Mar, 2007 12:00am
Sindh Seed corporation set to earn Rs 85.343 million profit

Sindh Seed corporation set to earn Rs 85.343 million profit

Sindh Seed Corporation is expected to become self-financing and profitable organisation by earning an estimated total net profit of Rs 85.343 million by the year 2009-10, as per action plan approved by Chief Minister Dr Arbab Ghulam Rahim.
Published 10 Mar, 2007 12:00am
CBR calls meeting to finalise strategy for CAP implementation

CBR calls meeting to finalise strategy for CAP implementation

Central Board of Revenue (CBR) team will hold a meeting with National Bank of Pakistan and State Bank of Pakistan to finalise the strategy for the implementation of collection automation project (CAP) as a pilot project in the Large Taxpayers Unit (LTU),
Published 10 Mar, 2007 12:00am
Security arrangements made for Chehlum today

Security arrangements made for Chehlum today

Capital City Police Karachi finalising contingency plan for effective control of law and order situation, protection of citizens lives and property, especially of procession to be taken out of Nishtar Park on Chehlum of Imam Hussin (RA) has completed all
Published 10 Mar, 2007 12:00am
Two arrested

Two arrested

The Anti Dacoity and Robbery Cell (ADRC) arrested two persons who were involved in supply of stolen/snatched mobile phones to retailers after changing their IMEI numbers. Police has also recovered 20 snatched cell phones from the accused identified as Moh
Published 10 Mar, 2007 12:00am
PPO vows crackdown against illegal Afghans in Balochistan

PPO vows crackdown against illegal Afghans in Balochistan

Provincial Police Officer Balochistan Tariq Masood Khosa has announced a crackdown against the Afghan nationals illegally staying in Balochistan including Quetta. Speaking at a press briefing on Friday, he said the process of registration of Afghan nation
Published 10 Mar, 2007 12:00am
Geo TV tenders apology to LHC

Geo TV tenders apology to LHC

The Geo Television has pleaded guilty before the Lahore High Court tendering unconditional apology in a contempt case. According to the private TV channel, the administration of Geo Television appealed before the full bench presided over by
Published 10 Mar, 2007 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 10 Mar, 2007 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 10 Mar, 2007 12:00am
Rs 350 million underpass project initiated for Lahore

Rs 350 million underpass project initiated for Lahore

The Communication and Works Department is set to initiate Muslim Town Underpass Project with a cost of Rs 350 million by the end of this month. It would be the 8th such project to be completed by the government in Lahore.
Published 10 Mar, 2007 12:00am
Reporter granted bail

Reporter granted bail

A division bench of Balochistan High Court (BHC) on Thursday granted bail subject to furnishing of surety bonds in sum of Rs 0.1 million to a reporter of daily Intikhab, Imam Bakhsh, in terrorism case and ordered his trial in the main case before Makran A
Published 10 Mar, 2007 12:00am
The Weather

The Weather

The weather report on Friday (March 09, 2007) and the forecast for Saturday (March 10, 2007).
Published 10 Mar, 2007 12:00am
'Five uplift projects to fulfil Karachi's need'

'Five uplift projects to fulfil Karachi's need'

Additional Chief Secretary Planning and Development Sindh Ghulam Sarwar Khero said on Friday that the Rs 22 billion worth five development projects approved for Sindh recently would not only fulfil the needs of the citizens of Karachi but also would provi
Published 10 Mar, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 10 Mar, 2007 12:00am
Five AJK Council members to boycott Kashmir conference

Five AJK Council members to boycott Kashmir conference

As many as five members of the Azad Jammu and Kashmir Council, including two Advisers to Prime Minister Shaukat Aziz on the council, have decided to boycott the upcoming Kashmir international conference. The AJK Council is sponsoring the two-day Kashmir i
Published 10 Mar, 2007 12:00am
New York Cotton Rates

New York Cotton Rates

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

Published 10 Mar, 2007 12:00am
Opposition slams presidential reference against CJP

Opposition slams presidential reference against CJP

Main opposition parties on Friday strongly condemned the move by President Musharraf to file a presidential reference against Supreme Court Chief Justice Iftikhar Muhammad Chaudhry on charges of misuse of authority.
Published 10 Mar, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
Conference on urology

Conference on urology

Pakistan Association of Urological Surgeons is holding a three-day conference to bridge the gap between needs of the patients and the available facilities in the area of urology.
Published 10 Mar, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
Physical exercise important for better health

Physical exercise important for better health

Vice-Chancellor Punjab University Lieutenant General Arshad Mahmood (Retd) has said that physical exercise is important for a better health because it helps the children to improve their intellectual capabilities along with being healthy and they also sho
Published 10 Mar, 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 10 Mar, 2007 12:00am
Gynaecologists assured more opportunities

Gynaecologists assured more opportunities

The government with the co-operation of donor agencies is taking measures to provide international standard expertise to gynaecologists at home and abroad, while workshops will be arranged for specialist doctors to avail the latest research and know-how i
Published 10 Mar, 2007 12:00am
Citigroup and Fatimid organise blood donation camp

Citigroup and Fatimid organise blood donation camp

In line with its objective to inculcate a spirit of volunteerism amongst its staff, Citigroup, in liaison with Fatimid Foundation organised a blood camp at its Head Office in Karachi. More than 65 volunteers donated generously towards this noble cause.
Published 10 Mar, 2007 12:00am
Master plan ready to curb drug abuse

Master plan ready to curb drug abuse

The government has prepared a master plan to curb the menace of drug abuse in a more effective way wherein special attention has been given to provide training and research facilities for women.
Published 10 Mar, 2007 12:00am
Project for prevention of drug abuse in prisons planned

Project for prevention of drug abuse in prisons planned

Ministry of Narcotics Control and Anti Narcotics Force in collaboration with the United Nations Organisation of Drug Control is launching a three-year project for the prevention of drug abuse and HIV/AIDS in prisons.
Published 10 Mar, 2007 12:00am
NLC attends Transport Asia Exhibition

NLC attends Transport Asia Exhibition

The participation of NLC at the Transport Asia Exhibition-2007 will enable the company to reach a broader spectrum of visitors both locally and internationally.
Published 10 Mar, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
UK pledges Rs 208 million for quake victims

UK pledges Rs 208 million for quake victims

The UK's Department for International Development (DFID) has pledged Rs 208 million to support WHO's implementation of a Disease Early Warning System (Dews) in the earthquake-affected areas of Azad Kashmir and NWFP.
Published 10 Mar, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (March 09, 2007) and for Saturday (March 10, 2007).
Published 10 Mar, 2007 12:00am
Tour de Pakistan: cyclists to reach Multan today

Tour de Pakistan: cyclists to reach Multan today

The participants of Tour de Pakistan cycle race will reach here on Saturday (March 10) on the sixth leg of the race. They left for Bahawalpur from Rahimyar Khan on Friday morning in their fifth leg of the race. Forty-six cyclists started the fifth round.
Published 10 Mar, 2007 12:00am
17th Golf championship begins

17th Golf championship begins

All Pakistan 17th Golf championship began here on Friday in Multan golf club. Mobilink's regional Commercial Director Abdul Muqeet Fareed inaugurated the game in a colourful ceremony. President of Golf Club Brigadier Khalid Mehmood said that nine hole wer
Published 10 Mar, 2007 12:00am
PAEC installs drip irrigation system to save water

PAEC installs drip irrigation system to save water

Pakistan Atomic Energy Commission (PAEC) has taken a lead in installing a model drip irrigation system where a successful crop of cotton was grown over an area of 7 acres. The same drip irrigation unit is now being used to grow onion, corn and summer fodd
Published 10 Mar, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
EDB fielding 70 engineering firms in Hannover Exposition

EDB fielding 70 engineering firms in Hannover Exposition

Minister for Industries and Production Jahangir Khan Tareen on Thursday reviewed the preparations made by the Engineering Development Board (EDB) for participation in the world's leading technology exhibition, Hannover 2007, in Germany.
Published 10 Mar, 2007 12:00am
'Made in Gujranwala' exhibition starts

'Made in Gujranwala' exhibition starts

The 6th annual industrial exhibition "Made in Gujranwala" commenced at spacious Gulshan-e-Iqbal Park, here on Thursday. Corps Commander Gujranwala, Lieutenant General Anis Ahmed Abbasi inaugurated the exhibition at a colourful ceremony attended by industr
Published 10 Mar, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
Literary reference today

Literary reference today

Pakistan Academy of Letters, Karachi, is organising a literary reference, entitled Bayad-e-Raftgan, to pay homage to prominent poets and writers, Mohsin Bhopali, Sharif Kunjahi, Syed Ahsan Hashmi, Ilyas Ishqi, Anwar Pirzado and Amir Bukhari on Saturday at
Published 10 Mar, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
Businessman shot dead in Dera Ismail Khan

Businessman shot dead in Dera Ismail Khan

Gunmen shot dead a businessman at his office in NWFP on Friday, a day after the murder of an activist from the rival Sunni sect, police said. Three armed men killed Syed Anwer Abbas and injured his assistant at his office in the remote town of Dera Ismail
Published 10 Mar, 2007 12:00am
GCU to hold Indo-Pak drama festival

GCU to hold Indo-Pak drama festival

Following the rich academic and historical traditions of GC University Lahore, the varsity's Dramatic Club in collaboration with Pakistan National Council of Arts (PNCA) is holding first Indo-Pak Drama Festival in the Bukhari Auditorium of the university
Published 10 Mar, 2007 12:00am
THE RUPEE: marginal change versus dollar

THE RUPEE: marginal change versus dollar

The rupee improved with slight gain of one paisa against the dollar in the interbank market on Friday for buying and selling at 60.71 and 60.72, respectively.
Published 10 Mar, 2007 12:00am
Franco-German history manual termed model for Pakistan and India

Franco-German history manual termed model for Pakistan and India

German ambassador Guntar Mulack appreciating France and Germany's efforts for compiling a joint history manual which comprises their culture sharing and even the war-fought memories, has suggested Pakistan and India to follow the same example for the bett
Published 10 Mar, 2007 12:00am
THE RUPEE: marginal change versus dollar

THE RUPEE: marginal change versus dollar

The rupee improved with slight gain of one paisa against the dollar in the interbank market on Friday for buying and selling at 60.71 and 60.72, respectively.
Published 10 Mar, 2007 12:00am
PRSP shows mixed results

PRSP shows mixed results

Annual Progress Report 2005-06 of Poverty Reduction Strategy Paper 2005-06 (PRSP) shows mixed results. There are achievements in many fronts, yet several challenges persist. The annual report of Finance Division states that government is aware of the chal
Published 10 Mar, 2007 12:00am
Sugar & Allied: HABIB-ADM LIMITED - Year Ended 30 June 2006

Sugar & Allied: HABIB-ADM LIMITED - Year Ended 30 June 2006

The company maintains robust financial health as is evidenced from its solvency and liquidity ratios and uninterrupted yearly profit which has been constantly trending upward during the last six years. This has enabled the company to support its attractiv
Published 10 Mar, 2007 12:00am
China Scholarship Council team visits Karachi University

China Scholarship Council team visits Karachi University

A four-member delegation from the China Scholarship Council (CSC) visited Karachi University (KU) campus and called on Vice Chancellor Professor Dr Pirzada Qasim Raza Siddiqui, and exchanged views on academic matters.
Published 10 Mar, 2007 12:00am
Sugar & Allied: HABIB-ADM LIMITED - Year Ended 30 June 2006

Sugar & Allied: HABIB-ADM LIMITED - Year Ended 30 June 2006

The company maintains robust financial health as is evidenced from its solvency and liquidity ratios and uninterrupted yearly profit which has been constantly trending upward during the last six years. This has enabled the company to support its attractiv
Published 10 Mar, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
Use of coloured poly bags banned

Use of coloured poly bags banned

The Pakistan Standards and Quality Control Authority (PSQCA) has circulated its order wherein it said that manufacturing, keeping in stock and sale of coloured polypropylene woven sacks was prohibited for packing (sugar)' with effect from April 15, 2007.
Published 10 Mar, 2007 12:00am
Women-friendly legislation demanded

Women-friendly legislation demanded

Participants at a seminar here on Friday, demanded of the government to formulate such laws, which could help to curb violence against women. The seminar was organised by Global Organisation for Human Empowerment and Rights (Goher), on the topic of "Women
Published 10 Mar, 2007 12:00am
Strategy evolved for women political training

Strategy evolved for women political training

Punjab government has evolved a comprehensive strategy to provide political training to women representatives at all levels to further enhance their contribution to the nation building process.
Published 10 Mar, 2007 12:00am
Call to help sustain women uplift process through votes

Call to help sustain women uplift process through votes

Minister for Women Development and Youth Affairs Sumaira Malik on Friday asked women to strengthen hands of the incumbent leadership through votes in the next general elections to sustain women development process.
Published 10 Mar, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
District business centres to be set up in Punjab

District business centres to be set up in Punjab

Punjab Commerce Minister Suhail Zafar Cheema has said that the provincial government is working on establishing 'district business centres' in all major cities to promote wholesale business in the province.
Published 10 Mar, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
PHRD to develop latest statistics of NGOs

PHRD to develop latest statistics of NGOs

Punjab Human Rights Department (PHRD) has started developing up-to-date statistics of NGOs working in the field of human rights with a view to monitor HR situation and effectively involve non formal sector for protection of HR at the grassroots level.
Published 10 Mar, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Mar, 2007 12:00am
Punjab government to double funds for Bait-ul-Mall

Punjab government to double funds for Bait-ul-Mall

In the 28th session of Punjab Assembly here on Friday Provincial Minister for Bait-ul- Maal Ijaz Shafi said that Punjab government would double its funds for Bait-ul-Mal in the coming fiscal year. He added that Chief Minister Chaudhry Pervaiz Elahi had gi
Published 10 Mar, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Mar, 2007 12:00am
British Telecom donates 4 satellite communication sets

British Telecom donates 4 satellite communication sets

British Telecom (BT) has donated four satellite communication sets worth Rs 140 million to Pakistani government for earthquake affected areas. The VSAT satellite communication equipment are already functioning in the quake-hit region.
Published 10 Mar, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Mar, 2007 12:00am
Further cut in Railways fares on cards

Further cut in Railways fares on cards

Federal Minister for Railways, Sheikh Rashid Ahmed has said that Pakistan Railways (PR) is considering further reduction in fares by two to three percent as the initiative of previous fares cut has proved to be very positive increasing Railways earnings b
Published 10 Mar, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (March 09, 2007).

Published 10 Mar, 2007 12:00am
Janoo made chief of FPCCI body on city government

Janoo made chief of FPCCI body on city government

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appointed Abdul Rahim Janoo as chairman standing committee on 'City Government' for the year ending December 31, 2007.
Published 10 Mar, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Mar, 2007 12:00am
Youth urged to help develop progressive Pakistan

Youth urged to help develop progressive Pakistan

Sindh Health Minister Syed Sardar Ahmed has urged the local youth and students to concentrate on improving their vision and capacities to help Pakistan emerge as a progressive country and a beacon for others.
Published 10 Mar, 2007 12:00am
PMI completes acquisition of stake in Lakson Tobacco

PMI completes acquisition of stake in Lakson Tobacco

Philip Morris International Inc (PMI) on Friday announced completion of its acquisition of an additional 50.21 percent stake in Lakson Tobacco Company Limited (Lakson Tobacco) from a number of principal shareholders.
Published 10 Mar, 2007 12:00am
Aman 2007 helps root out terrorism: Naval chief

Aman 2007 helps root out terrorism: Naval chief

The grand naval exercise, 'Aman 07' which is hosted by Pakistan Navy, would help make possible for maritime nations of the world to root out terrorism, said on Friday Chief of the Naval Staff Admiral Muhammad Afzal Tahir.
Published 10 Mar, 2007 12:00am
Faysal Bank announces results

Faysal Bank announces results

The Board of Directors of Faysal Bank Limited on February 25th, announced the results of the bank for the year ended December 31, 2006. The bank registered a 23 percent rise in operating profits from Rs 3,659 million in 2005 to Rs 4,492 million.
Published 10 Mar, 2007 12:00am
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