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Print - 2007-03-13
Exports showing four percent growth: Humayun

Exports showing four percent growth: Humayun

Commerce Minister Humayun Akhtar has said that there is no decline in the country's exports, rather there has been 4 percent growth in exports so far, which would rise further in the remaining five months of the current financial year.
Published 13 Mar, 2007 12:00am
Opposition asked not to politicise Chief Justice's issue

Opposition asked not to politicise Chief Justice's issue

Federal Information Minister Mohammad Ali Durrani Monday asked opposition to avoid politicising issue of making Chief Justice Iftikhar Muhammad Chaudhry non-functional. Addressing a news conference, he said government has taken this action in accordance w
Published 13 Mar, 2007 12:00am
LSE seminar

LSE seminar

The Lahore Stock Exchange (LSE) will organise a seminar on Capital Markets under its investor awareness programme, at Sialkot Chamber of Commerce and Industry on Wednesday, March 14.
Published 13 Mar, 2007 12:00am
Food department to establish modern storage system

Food department to establish modern storage system

Food Department Punjab has decided to set up a modern storage system to preserve the wheat stocks under which steel silos would be constructed at various spots of the province.
Published 13 Mar, 2007 12:00am
15,000 litres seized liquor, narcotics to be destroyed

15,000 litres seized liquor, narcotics to be destroyed

The Collectorate of Customs, Rawalpindi, will destroy 14,000-15,000 litres confiscated liquor, narcotics and other expired items on Wednesday, March 14. Sources told Business Recorder on Monday that the CBR Member Customs Shahid Rahim Sheikh would
Published 13 Mar, 2007 12:00am
Cooperation amongst D-8 states underlined

Cooperation amongst D-8 states underlined

The government has underlined the need for cooperation amongst D-8 group of countries on Small and Medium Enterprises (SMEs) development to reduce poverty, unemployment and increase their trade volume in the global market.
Published 13 Mar, 2007 12:00am
Opposition to launch drive against presidential reference

Opposition to launch drive against presidential reference

Main opposition parties will launch a protest campaign against the decision of President Musharraf to file a reference against Justice Iftikhar Muhammad Chaudhry, making him 'non-functional.' The decision-taken here on Monday at an emergency meeting of to
Published 13 Mar, 2007 12:00am
Pesco and Bank Alfalah sign consumer facilitation pact

Pesco and Bank Alfalah sign consumer facilitation pact

Peshawar Electricity Supply Company (Pesco) and Bank Alfalah Limited on Monday signed an agreement to facilitate consumers having credit cards of the bank concerned to pay their utility bills through online payment.
Published 13 Mar, 2007 12:00am
Khusro represents Pakistan at Geneva moot

Khusro represents Pakistan at Geneva moot

Minister of State for Foreign Affairs Makhdoom Khusro Bakhtyar is representing Pakistan at a high-level segment of the three-day fourth session of the human rights council started from Monday (Today) in Geneva. According to a press release issued here by
Published 13 Mar, 2007 12:00am
Prime Minister leaves for Uzbekistan today

Prime Minister leaves for Uzbekistan today

Prime Minister Shaukat Aziz will leave for Uzbekistan on Tuesday on a three-day official visit to promote bilateral relations and discuss regional situation. Foreign office spokesperson Ms Tasnim Aslam in her weekly briefing on Monday said.
Published 13 Mar, 2007 12:00am
Pakistan and Afghanistan discuss peace, security

Pakistan and Afghanistan discuss peace, security

The Jirga Commissions of Pakistan and Afghanistan held a first meeting here on Monday on issues of peace and security in the areas along both sides of the common border. The talks will be resumed on Tuesday after which a joint declaration would be announc
Published 13 Mar, 2007 12:00am
More rains predicted

More rains predicted

Director General Meteorological Department Dr Qamar-ul-Zaman on Monday forecast more rain in the upper part of Punjab, Kashmir, Islamabad, NWFP and Northern Areas in next two days. Talking to a private TV channel, he said hilly areas of NWFP, Northern Are
Published 13 Mar, 2007 12:00am
NWFP launches Rs 1.9 billion urban uplift project

NWFP launches Rs 1.9 billion urban uplift project

The NWFP government has started implementation of the NWFP Urban Development Project (NUDP) with a cost of Rs 1.9 billion. Asian Development Bank is financing the project.
Published 13 Mar, 2007 12:00am
Applications invited to provide aid for disabled

Applications invited to provide aid for disabled

The Staff Welfare Organisation (SWO) of the Establishment Division on Monday invited applications for providing rehabilitation aid to the disabled federal government employees and their dependents during the year 2006-2007.
Published 13 Mar, 2007 12:00am
Prime Minister announces Rs 150 million grant for VTI students

Prime Minister announces Rs 150 million grant for VTI students

Chairman Punjab Vocational Training Council, Sikandar Mustafa Khan has said that the Prime Minister, Shaukat Aziz has announced a grant of Rs 150 million to be disbursed annually through Pakistan Bait-ul-Mal among 10,000 students of 140 vocational trainin
Published 13 Mar, 2007 12:00am
Nokia and Telenor extend agreement till 2009

Nokia and Telenor extend agreement till 2009

Nokia and Telenor Pakistan on Monday announced that they have extended their existing frame agreement on GSM radio network equipment and services until 2009. Over the period, Nokia will deliver + 2000 base stations along with building and managing the rad
Published 13 Mar, 2007 12:00am
Kidnapped girl returns after paying ransom

Kidnapped girl returns after paying ransom

Five persons kidnapped a teenage girl, Nasreen Bibi on February 4 from Kot Samaba (Rahimyarkhan district) and took her to interior of Sindh where one of the accused Ghulam Yasin subjected her rape for 35 days.
Published 13 Mar, 2007 12:00am
PML-N terms suspension of Chief Justice humiliating act

PML-N terms suspension of Chief Justice humiliating act

PML-N Punjab President Sardar Zulfiqar Khosa at lawyers' convention termed the inactivation of Chief Justice darkest day of the history of judiciary saying the president had laid foundation stone for destruction of judicial system in the country by insult
Published 13 Mar, 2007 12:00am
IDA to give $21.35 million for polio eradication

IDA to give $21.35 million for polio eradication

The International Development Association (IDA) will provide $21.35 million for "Supplementary Second Partnership for Polio Eradication" to assist the Government of Pakistan in eradicating poliomyelitis from the country.
Published 13 Mar, 2007 12:00am
PDP slams Chief Justice's suspension

PDP slams Chief Justice's suspension

Pakistan Democratic Party Chief Nawabzada Mansoor Ahmed said on Monday that March 9 was the 'darkest day' in Pakistan's history, when an unconstitutional ruler removed the head of a respectable institution in an unconstitutional manner.
Published 13 Mar, 2007 12:00am
PPP approaches IPU against MQM

PPP approaches IPU against MQM

Central Co-ordinator, Human Rights Desk of Pakistan Peoples Party and Member National Assembly, Fauzia Wahab has apprised the Inter Parliamentary Union (IPU) of the harassment and intimidation of PPP workers, including members of Parliament and Provincial
Published 13 Mar, 2007 12:00am
Lawyers observe strike in southern Punjab

Lawyers observe strike in southern Punjab

Lawyers of 13 districts of southern Punjab on Monday observed complete strike at the call of Pakistan Bar Council and Supreme Court Bar Association. More than 8,000 lawyers boycotted their professional duties and did not join any judicial proceedings agai
Published 13 Mar, 2007 12:00am
Lawyers urge judges to support their boycott

Lawyers urge judges to support their boycott

The lawyers on Monday requested the judges not to attend the courts in protest against the humiliation of the Chief Justice of Pakistan and urged them to back their boycott.
Published 13 Mar, 2007 12:00am
Lawyers observe black day, boycott courts

Lawyers observe black day, boycott courts

Lawyers fraternity of the city observed strike and black day on Monday to register anger against the suspension of Supreme Court Chief Justice, Justice Iftikhar Mohammed Chaudhry. The strike would continue on Tuesday and lawyers would not attend courts.
Published 13 Mar, 2007 12:00am
Call to promote saints teachings

Call to promote saints teachings

Pakistani media should promote the saints teachings of love with humanity and religious tolerance and realise to the world that Islam is a peaceful religion which has given to the world the concepts of human rights and the social equality.
Published 13 Mar, 2007 12:00am
Peace rally on March 19

Peace rally on March 19

'Stop the war coalition' has announced to take out a peace rally on March 19 from Regal Chowk to the Karachi Press Club against the 'martial ventures' of the imperialists.
Published 13 Mar, 2007 12:00am
Retail grocers refuse to accept CDGK's price list

Retail grocers refuse to accept CDGK's price list

Karachi Retail Grocers Groups (KRGG) has refused to accept the price list of essential commodities issued on Monday by the City District Government Karachi (CDGK), saying that it was formed without taking into confidence.
Published 13 Mar, 2007 12:00am
Business community urged to invest in Belgium

Business community urged to invest in Belgium

Pakistan is one of the eleven new emerging economies of the world with a steady economic growth of 7 percent for the last four years and trade is growing at a very fast rate. This was stated by the Ambassador of Belgium to Pakistan Michel Goffin in his ma
Published 13 Mar, 2007 12:00am
Action against unregistered vehicles soon

Action against unregistered vehicles soon

Sindh Minister for Excise and Taxation Shabir Ahmed Qaimkhani has asked vehicle owners to get their vehicles registered within next 15 days and warned that action would be taken against unregistered vehicles having fancy number plates and AFR-2006-2007.
Published 13 Mar, 2007 12:00am
Rainwater devastates Keamari town roads

Rainwater devastates Keamari town roads

The Sunday's rain has devastated the already poor road infrastructure in Keamari Town causing severe hardships for the public. People of the port town continued to brave the hardships on Monday as rainwater could not be flushed out from the roads streets,
Published 13 Mar, 2007 12:00am
KW&SB and Siemens sign agreement

KW&SB and Siemens sign agreement

Karachi Water and Sewerage Board (KW&SB) and Siemens Pakistan Engineering Co Ltd signed a contract for the supply, installation, testing and commissioning of diesel generator sets for the pumping stations at North Nazimabad Town, New Karachi Town and Oran
Published 13 Mar, 2007 12:00am
Retailers sales tax registration level be raised to Rs 10 million

Retailers sales tax registration level be raised to Rs 10 million

The Sukkur Chamber of Commerce and Industry (SCCI) has suggested that small-scale units should be exempted from the levy of sales tax on utility bills in 2007-08 federal budget. The chamber noted that small-scale industries are facing great financial hard
Published 13 Mar, 2007 12:00am
PHDF calls to abolish domestic violence

PHDF calls to abolish domestic violence

The Pakistan Human Development Foundation, Monday, has urged upon the government and law enforcing agencies to ensure the abolition of domestic violence and stressed that there is need to uproot the apathy that has deeply been embedded in the minds of nih
Published 13 Mar, 2007 12:00am
Role of NGOs acknowledged

Role of NGOs acknowledged

Advisor to Chief Minister Saba Sadiq has said non-governmental organisations (NGOs) play an important role in the uplift of society and without their contribution no government can advance in the social sector.
Published 13 Mar, 2007 12:00am
The Weather

The Weather

The weather report on Monday (March 12, 2007) and the forecast for Tuesday (March 13, 2007).
Published 13 Mar, 2007 12:00am
Meeting on human rights today

Meeting on human rights today

A special meeting on human rights has been arranged at the office of the Anti-Dacoity Robbery Cell under the auspices of SSP Dr Sanaullah Abbasi at the old CIA Centre at 5 pm tomorrow, March 13.
Published 13 Mar, 2007 12:00am
New York cotton

New York cotton

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

Published 13 Mar, 2007 12:00am
Code of conduct for NGOs prepared

Code of conduct for NGOs prepared

The Ministry of Social Welfare and Special Education has prepared code of conduct for bringing transparency in the affairs of NGOs. Sources said that the process would improve the regulation of NGOs and help in preparing uniform set of regulation for all
Published 13 Mar, 2007 12:00am
New York cotton

New York cotton

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

Published 13 Mar, 2007 12:00am
Cuban envoy for frequent exchange of trade teams

Cuban envoy for frequent exchange of trade teams

Ambassador of Cuba in Pakistan, Gustavo Machin Gomez has emphasised the need of frequent exchange of trade delegations to increase two-way trade between the two countries. Addressing members of Karachi Council on Foreign Relations, Economic Affairs and La
Published 13 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 13 Mar, 2007 12:00am
National conference on education from March 21

National conference on education from March 21

A national conference on education for sustainable development in Pakistan will be held at a local hotel from March 21. This was announced here on Monday by Saquib Hanif, Head of the Education, Communication and Knowledge Management Group of the World Con
Published 13 Mar, 2007 12:00am
City Master Plan to be finalised this month

City Master Plan to be finalised this month

The first meeting of the Co-ordination Committee, set up to manage municipal services and related affairs of various federal and provincial organisations under a co-ordinated system, was held here on Monday under the chairmanship of Governor Dr Ishrat-ul-
Published 13 Mar, 2007 12:00am
Legislation against unethical medical practices suggested

Legislation against unethical medical practices suggested

Stakeholders from different walks of life have recommended urgent formulation of guidelines with regard to relationship between medical professionals and pharmaceutical industry across the country.
Published 13 Mar, 2007 12:00am
PPP workers asked to prepare for decisive battle

PPP workers asked to prepare for decisive battle

Pakistan People's Party (PPP) Secretary General Jehangir Badar has asked the party workers to prepare themselves for a decisive battle to oust the plunderers of the national wealth from the politics and in order to establish peoples' rule in the country.
Published 13 Mar, 2007 12:00am
Benazir supports struggle of judiciary

Benazir supports struggle of judiciary

Chairperson Pakistan Peoples Party Mohtarma Benazir Bhutto has directed the Party's Parliamentary leaders and provincial presidents to immediately call meetings of respective groups and councils to determine line of action to show solidarity with the judi
Published 13 Mar, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Karachi LTU audit body formed to find risk areas

Karachi LTU audit body formed to find risk areas

A committee has been formed by the Large Taxpayers Unit (LTU), Karachi to find out high-risk areas. The proposed committee comprises a collector (audit) and commissioner (audit). The committee's primary goal is to accretion those high-risk areas of tax ev
Published 13 Mar, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (March 12, 2007) and for Tuesday (March 13, 2007).
Published 13 Mar, 2007 12:00am
Giant screen

Giant screen

On the directive of Sindh Governor Dr Ishratul Ibad Khan, a giant screen is being installed at Bagh-e-Ibne Qasim, Clifton to show World Cup matches from March 13. The governor hoped that visitors to the park will be entertained by this added facility.
Published 13 Mar, 2007 12:00am
Proper checks to be incorporated in PACCS

Proper checks to be incorporated in PACCS

The Central Board of Revenue (CBR) has decided to incorporate proper checks in the Pakistan Customs Computerised System (PACCS) to detect under-valuation of imported goods.
Published 13 Mar, 2007 12:00am
PTV to launch science channel soon: Durrani

PTV to launch science channel soon: Durrani

The workshop on innovative aspects of Biotechnology and its better awareness and dissemination' got underway with a declaration made by Information Minister Muhammad Ali Durrani, that starting today, the PTV would devote one to three minutes chunk for sci
Published 13 Mar, 2007 12:00am
Steps proposed for proper administration of rewards

Steps proposed for proper administration of rewards

The Central Board of Revenue (CBR) has proposed that rewards and remuneration's should not be restricted only to tax officials directly engaged with detection of evasion and concealment, these should benefit all staff who demonstrate high standards of wor
Published 13 Mar, 2007 12:00am
'Pakistan in danger if US attacks Iran'

'Pakistan in danger if US attacks Iran'

Speakers at a seminar on Monday said that the likely United States' attack on Iran would have dangerous implications for the region in general and Pakistan in particular.
Published 13 Mar, 2007 12:00am
Fourth round of composite dialogue begins today

Fourth round of composite dialogue begins today

The fourth round of Composite Dialogue between Pakistan and India should now move from "confidence building measures (CBMs) to dispute resolution," Foreign Office spokesperson Tasnim Aslam said here on Monday.
Published 13 Mar, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Meeting held to streamline deteriorating textile sector

Meeting held to streamline deteriorating textile sector

The government has emphasised the need for industrial parks with investment in common energy generation and distribution and one window facilities, with a view to overcome the low productivity syndrome while reducing the cost of doing business.
Published 13 Mar, 2007 12:00am
Meeting held to streamline deteriorating textile sector

Meeting held to streamline deteriorating textile sector

The government has emphasised the need for industrial parks with investment in common energy generation and distribution and one window facilities, with a view to overcome the low productivity syndrome while reducing the cost of doing business.
Published 13 Mar, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Meeting held to streamline deteriorating textile sector

Meeting held to streamline deteriorating textile sector

The government has emphasised the need for industrial parks with investment in common energy generation and distribution and one window facilities, with a view to overcome the low productivity syndrome while reducing the cost of doing business.
Published 13 Mar, 2007 12:00am
Libya to sign nuclear power deal with US

Libya to sign nuclear power deal with US

The United States will help Libya develop a civilian nuclear power programme under an accord to be signed shortly, Libya's official news agency Jana said on Monday. The agreement will include building a nuclear power plant, helping develop Libya's water d
Published 13 Mar, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Libya to sign nuclear power deal with US

Libya to sign nuclear power deal with US

The United States will help Libya develop a civilian nuclear power programme under an accord to be signed shortly, Libya's official news agency Jana said on Monday. The agreement will include building a nuclear power plant, helping develop Libya's water d
Published 13 Mar, 2007 12:00am
Reduced cotton production feared

Reduced cotton production feared

Cotton production indicators have expressed fears of reduced production this year, declining from the set target, and agriculturists have predicted import of at least three million bales cotton to meet the requirement of domestic industry's consumption.
Published 13 Mar, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Gas pipeline blown up

Gas pipeline blown up

Unknown miscreants blew up a gas pipeline here on Monday near Balochistan University of Information Technology and Management Sciences causing suspension of gas supply to Jinnah Town. According to General Manager Sui Southern Gas Company Balochistan, Ahme
Published 13 Mar, 2007 12:00am
SBP to sell Rs 16 billion of treasury bills

SBP to sell Rs 16 billion of treasury bills

The State Bank of Pakistan said on Monday it would auction Rs 16 billion (263.55 million dollar) worth of three- , six- and 12-month Treasury bills this week. The auction will be held on Wednesday, with settlement due the following day, State Bank of Paki
Published 13 Mar, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
SBP to sell Rs 16 billion of treasury bills

SBP to sell Rs 16 billion of treasury bills

The State Bank of Pakistan said on Monday it would auction Rs 16 billion (263.55 million dollar) worth of three- , six- and 12-month Treasury bills this week. The auction will be held on Wednesday, with settlement due the following day, State Bank of Paki
Published 13 Mar, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Airblue to start Manchester flights from June

Airblue to start Manchester flights from June

Tahir Ehsan Malik, Director, Air Traffic, Civil Aviation Authority, has said that all domestic airlines are free to operate anywhere in the world, in line with the open skies policy, and there are no limitations for any airline.
Published 13 Mar, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
China defends oil trade with Africa

China defends oil trade with Africa

China defended its booming oil trade with Africa on Monday, and said Europe and the United States should look at their own engagement on the continent before criticising Beijing. China has huge oil investments in Sudan, and rights groups say its engagemen
Published 13 Mar, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 12, 2007).

Published 13 Mar, 2007 12:00am
Indonesian consumer confidence hits eight-month low

Indonesian consumer confidence hits eight-month low

Indonesian consumer confidence fell to its lowest level in eight months in February on concerns over job prospects, a central bank survey showed on Monday. The consumer confidence index, based on a survey of 4,650 households from 18 cities, fell to 92.4 i
Published 13 Mar, 2007 12:00am
Bears dominate on ISE

Bears dominate on ISE

Selling-pressure intensified in hot favourite at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings under the lead of hot favourite amid decrease in index. ISE Ten Index showed a decrease of 12.01 points, as index moved from 2,683.67
Published 13 Mar, 2007 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 3rd March 2007.

Published 13 Mar, 2007 12:00am
Bears dominate on ISE

Bears dominate on ISE

Selling-pressure intensified in hot favourite at the Islamabad Stock Exchange (ISE) where bears dominated the proceedings under the lead of hot favourite amid decrease in index. ISE Ten Index showed a decrease of 12.01 points, as index moved from 2,683.67
Published 13 Mar, 2007 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 3rd March 2007.

Published 13 Mar, 2007 12:00am
Share values move bothways on LSE

Share values move bothways on LSE

Share values moved both ways on Lahore Stock Exchange (LSE) but, following pressure in pivotal scrips, the index closed in minus zone with shrinking volume of transactions. The market opened on a negative note, but later in the day moved erratically and f
Published 13 Mar, 2007 12:00am
Share values move bothways on LSE

Share values move bothways on LSE

Share values moved both ways on Lahore Stock Exchange (LSE) but, following pressure in pivotal scrips, the index closed in minus zone with shrinking volume of transactions. The market opened on a negative note, but later in the day moved erratically and f
Published 13 Mar, 2007 12:00am
10 Afghan policemen killed in blast

10 Afghan policemen killed in blast

A roadside bomb detonated by Taliban fighters killed ten Afghan policemen in the western province of Farah on Monday, a security official said. The remotely detonated bomb exploded as a police vehicle travelled through the province's Bakwa district.
Published 13 Mar, 2007 12:00am
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