News Archives for Print - 2007-03-18 - Business Recorder

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Print - 2007-03-18

Land title management: establishing property rights through a secure system

Land title management: establishing property rights through a secure system

Land is a critical economic asset in any economy. The need for a timely, accurate, safe, simple, secure, and universally accessible system of registering and recording land transactions and interest in land is the cornerstone of a proper land market. Such

Published 18 Mar, 2007 12:00am

Consumer rights

Consumer rights

The World Consumers' Rights Day was observed in Pakistan on March 15, as elsewhere in the world, with a renewed pledge that all-out efforts would be made to create awareness about consumers' rights.

Published 18 Mar, 2007 12:00am

POL export: misuse of ATT

POL export: misuse of ATT

CBR authorities are currently engaged in studying different proposals submitted by the collectorates of customs, Peshawar and Quetta, for evolving new procedural parameters for exporting petroleum products to Afghanistan under the duty drawback regime, Du

Published 18 Mar, 2007 12:00am

Mobilink announces re-launch of Jazz Budget

Mobilink announces re-launch of Jazz Budget

Mobilink, Pakistan's largest cellular service provider and part of Orascom Telecom Group has announced the re-launch of Jazz Budget. The package has been launched with a fresh look and tariffs tailored specifically for the masses.

Published 18 Mar, 2007 12:00am

Oracle focusing on Asia-Pacific telecom sector

Oracle focusing on Asia-Pacific telecom sector

'Oracle' is focusing on the telecommunication sector in Asia-Pacific under its programme of South Asian Growth Economies (SAGE), said Senior Industry Director, Oracle Communications, media & utilities Industry Business Unit (IBU) Mohan Veloo.

Published 18 Mar, 2007 12:00am

Punjab University organises conference

Punjab University organises conference

The inaugural ceremony of three days '12th All Pakistan Geographical Conference' organised by Punjab University, Faculty of Geography will be held on Monday, March 19, at 10 am at Environmental Law Centre of Punjab University Law College.

Published 18 Mar, 2007 12:00am

Journalists' rally against attack on TV channel

Journalists' rally against attack on TV channel

On the call given by Punjab Union of Journalists (PUJ), local journalists held a rally from Lahore Press Club (LPC) to Punjab Assembly on Saturday to protest police attack on Geo News Islamabad office.

Published 18 Mar, 2007 12:00am

Draft bill for NIPS' autonomy sent for approval

Draft bill for NIPS' autonomy sent for approval

In order to grant National Institute of Population Studies (NIPS) the status of a functional autonomy, the Ministry of Population Welfare has sent a draft bill to the cabinet for approval, sources told Business Recorder.

Published 18 Mar, 2007 12:00am

Chinese delegation to visit Punjab University

Chinese delegation to visit Punjab University

A delegation of 100 youth and students form China, led by Vice-President All China Youth Federation Hi Jou, will visit Punjab University on 20th March and will meet vice-chancellor Arshad Mahmood.

Published 18 Mar, 2007 12:00am

'Government trying to cope with internal, external challenges'

'Government trying to cope with internal, external challenges'

Pakistan is facing critical internal and external challenges and the government is trying hard to cope with them and the present leadership has resolved to continue fight against terrorism in the interest of international peace and stability.

Published 18 Mar, 2007 12:00am

Maternal mortality rate higher in rural areas

Maternal mortality rate higher in rural areas

Maternal mortality rate (MMR) in Pakistan is 500 deaths per 100,000 births, while it is highest in Balochistan within the country. According to a ministry of health policy paper, one of the major reasons for this high maternal mortality rate is malnutriti

Published 18 Mar, 2007 12:00am

Telenor to take part in three job fairs

Telenor to take part in three job fairs

Telenor Pakistan will participate in the ROZEE.PK Job Fair being held at Fortress Expo Centre, Lahore on March 18; at a hotel in Islamabad on April 1 and at the Expo Centre, Karachi on April 8.

Published 18 Mar, 2007 12:00am

Ministry given one month to put Zakat system on track

Ministry given one month to put Zakat system on track

The Senate Standing Committee on Government Assurances has given a month's time to the Safron Ministry (Minister for States & Frontier Regions) to constitute provincial and district Zakat Committees and put the work of distribution of Zakat on track.

Published 18 Mar, 2007 12:00am

No trust motion against Naib Nazim passed

No trust motion against Naib Nazim passed

Potohar Town Assembly on Saturday unanimously passed no confidence motion against the Naib Nazim convenor Chaudhary Muhammad Farooq as all 42 members present in the 52-member house voted against him.

Published 18 Mar, 2007 12:00am

PML lawyers wing chief resigns

PML lawyers wing chief resigns

Provincial president of PML (Q) lawyers wing, Behlol Khattak on Saturday resigned of PML (Q)'s basic membership as protest over presidential reference against the suspension of Chief Justice Iftikhar Mohammad Chaudry.

Published 18 Mar, 2007 12:00am

Public prosecutor resigned

Public prosecutor resigned

A Special Public Prosecutor, Zulfikar Hussain Malghani has tendered his resignation as a protest against the government's action against the Chief Justice of Pakistan and making him non-functional. Malghani has been serving as special public prosecutor in

Published 18 Mar, 2007 12:00am

Seven benches established for next week

Seven benches established for next week

Acting Chief Justice of Pakistan, Justice Javed Iqbal has constituted seven benches of the Apex Court for the next week starting from March 19 (Monday) to hear hundreds of cases including suo motu case of manhandling of Justice Iftikhar Muhammad Chaudhry

Published 18 Mar, 2007 12:00am

Supreme Court takes notice of sale of baby

Supreme Court takes notice of sale of baby

Sindh Chief Secretary Shakil Durrani taking strict notice of various news items sought reports within three days. The CS sought a report from Secretary Health and DCO Sanghar about news item that a woman Hakim Bibi allegedly sold its new-born after being

Published 18 Mar, 2007 12:00am

Wise use of on-hand resources can increase vegetable output: expert

Wise use of on-hand resources can increase vegetable output: expert

Vegetable production can be increased through horizontal expansion, development of modern technology and vertical expansion such as efficient use of on-hand resources. This is revealed in a thesis of a PhD scholar Dr Khuda Bakhsh of the Department of Envi

Published 18 Mar, 2007 12:00am

International workshop on allelopathy on March 19

International workshop on allelopathy on March 19

Federal Parliamentary Secretary Agriculture, Rajab Ali Khan Baloch will participate in the inaugural session of an International Workshop on Allelopathy as chief guest on March 19, 2007 in the Old Senate Hall of University of Agriculture, Faisalabad. The

Published 18 Mar, 2007 12:00am

Petroleum sector has made tremendous growth: Jadoon

Petroleum sector has made tremendous growth: Jadoon

Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon Saturday said that as a result of introducing vibrant policies of deregulation liberalisation and privatisation by the government the petroleum sector has witnessed a tremendous growth in

Published 18 Mar, 2007 12:00am

Tanneries major factor in environmental degradation

Tanneries major factor in environmental degradation

Tanneries, which have mushroomed in and around Sialkot over last decade, are major factor in environmental degradation. At present more than 248 tanneries are functioning of which nine are large, 79 medium and 169 small tanneries, which have been set up w

Published 18 Mar, 2007 12:00am

Exporters and importers assured of more customs facilities

Exporters and importers assured of more customs facilities

Exports from Faisalabad are gradually increasing, and imports-related irritants would also be resolved very soon, said the Collector of Customs, Faisalabad Mehboob Saqib. He was addressing a function at the office of Pakistan Textile Exporters Association

Published 18 Mar, 2007 12:00am

Durrani condoles

Durrani condoles

Federal Minister for Information and Broadcasting Muhammad Ali Durrani on Saturday expressed immense sense of shock and grief over the demise of former Chief Minister, NWFP and an eminent politician Raja George Sikandar Zaman.

Published 18 Mar, 2007 12:00am

Four persons killed in various incidents

Four persons killed in various incidents

Four persons were killed in separate incidents in the district here in the last 24 hours, said police sources. One Ghulam Abbas of Akrianwala, Qadirpur police station area, died due to an electric shock when he accidentally touched a faulty electric meter

Published 18 Mar, 2007 12:00am

22 MMA activists held

22 MMA activists held

At least 22 activists of Jamaat-e-Islami/MMA have been arrested by the police on Saturday when they were staging a peaceful demonstration against the arrest of Qazi Hussain Ahmed, Liaquat Baloch and other Jamaat-e-Islami leaders.

Published 18 Mar, 2007 12:00am

PPP meeting on March 21

PPP meeting on March 21

On the directives of Pakistan People's Party Chairperson, the Party has announced a meeting of its Central Executive Committee and Federal Council on March 21 at 11 am at Central Secretariat, Islamabad.

Published 18 Mar, 2007 12:00am

Release of PPP lawyers demanded

Release of PPP lawyers demanded

Former prime minister and chairperson of the Pakistan Peoples Party Mohtarma Benazir Bhutto has condemned the arrest of Ahsan Bhoon, President Lahore High Court Bar Association (LHCBA), Atique Shah, President Peshawar High Court Bar Association the presid

Published 18 Mar, 2007 12:00am

Benazir warns of Taliban threat to Pakistan

Benazir warns of Taliban threat to Pakistan

The Taliban must be defeated in Pakistan this year or the country risks falling under the sway of extremists much as Afghanistan did before September 11, 2001, former Prime Minister Benazir Bhutto said on Friday.

Published 18 Mar, 2007 12:00am

Lawyers to observe strike on March 21

Lawyers to observe strike on March 21

After the massive joint protest here, the lawyers community is planning to give a countrywide wheel-jam and shutter-down strike call for Wednesday (March 21), sources of bar councils told on Saturday.

Published 18 Mar, 2007 12:00am

Partial sun eclipse on March 19

Partial sun eclipse on March 19

There will be a partial eclipse of sun on March 19, Pakistan Meteorological Department announced this in a statement here on Saturday. It said the partial sun eclipse would be best visible from eastern parts of Asia and northern parts of North America onl

Published 18 Mar, 2007 12:00am

Transfers and postings in CBR

Transfers and postings in CBR

The Central Board of Revenue (CBR) has transferred and posted certain customs and income tax officials. According to a notification issued on Saturday, Najeeb-ur-Rehman Abbasi, a BS-19 officer of Customs and Excise Group, Additional Director, Inspection a

Published 18 Mar, 2007 12:00am

Foreign investment to cross $5 billion: Prime Minister

Foreign investment to cross $5 billion: Prime Minister

Prime Minister Shaukat Aziz said on Saturday that Pakistan has become a destination of choice for foreign investment which is expected to cross five billion dollars this year, highest in the country's history.

Published 18 Mar, 2007 12:00am

Need stressed to boost trade with Sri Lanka

Need stressed to boost trade with Sri Lanka

Trade delegation leader and Minister of Export Development and International Trade of Sri Lanka, Professor G. L. Peiris has emphasised the need of utilising opportunities for boosting the trade between Sri Lanka and Pakistan.

Published 18 Mar, 2007 12:00am

Speakers call for ensuring good governance

Speakers call for ensuring good governance

Speakers on the IInd day of the Regional Consultation - South Asians for Human Rights (SAHR) here on Saturday deliberated on the topic of "the right to transparent governance" and called for ensuring good governance which is key to resolution of problems

Published 18 Mar, 2007 12:00am

HEC provides e-journals to GCU

HEC provides e-journals to GCU

The Higher Education Commission of Pakistan (HEC) has provided more than 231 online full text e-journals, covering the disciplines of Biochemistry, Genetics and Molecular Biology, to the GC University Library, Lahore.

Published 18 Mar, 2007 12:00am

All universities to be connected through high speed network

All universities to be connected through high speed network

The Higher Education Commission (HEC) and Pakistan Telecommunication Company (PTCL) have jointly launched an historic initiative under which HEC & PTCL will connect all universities/ degree awarding institutes in Pakistan through high speed network.

Published 18 Mar, 2007 12:00am

Rs five million being spent on execution of 18 schemes

Rs five million being spent on execution of 18 schemes

An amount of Rs 5 million is being spent on the execution of 18 different developmental schemes aimed at conservation of shrines and mosques administered by Auqaf department with collaboration of Punjab Archaeology department. These schemes are being carr

Published 18 Mar, 2007 12:00am

15 killed, 368 cells, 92 cars snatched

15 killed, 368 cells, 92 cars snatched

As many as 15 persons were killed, 92 cars were snatched/stolen and 368 mobile phones were snatched in the cosmopolitan city during the week. According to police as many as 15 persons were killed in different incidents, nine dacoities and 20 robberies wer

Published 18 Mar, 2007 12:00am

Telemedicine facility in all districts soon, says Ibad

Telemedicine facility in all districts soon, says Ibad

Sindh Governor Dr Ishratul Ibad Khan has said that facility of telemedicine will soon be provided in all districts of Sindh. Six districts have been fully equipped with this facility and remaining will also be linked soon for which work is fast going on.

Published 18 Mar, 2007 12:00am

'Devolution system caters empowerment to masses'

'Devolution system caters empowerment to masses'

The District Co-ordination Officer (DCO) Hyderabad Muhammad Hussain Syed has said that devolution system was a public oriented system of government that has provided maximum empowerment and access to the common people to get their problems solved at their

Published 18 Mar, 2007 12:00am

Rs 600 million allocated for construction of roads: Kamal

Rs 600 million allocated for construction of roads: Kamal

Karachi City Nazim Mustafa Kamal has announced to undertake construction of roads at a cost of Rs 600 million, soon after completion of the water and sewerage projects currently being executed in the metropolis.

Published 18 Mar, 2007 12:00am

FPCCI clarification

FPCCI clarification

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has issued the following press release on Saturday: "The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) takes serious exception to the press release issued by the Karac

Published 18 Mar, 2007 12:00am

Rain forecast during next three days

Rain forecast during next three days

The Meteorological Office has predicted intermittent widespread rains with thundershowers in the country during the next 3-4 days including Sindh and Balochistan.

Published 18 Mar, 2007 12:00am

Supreme Court takes suo motu action on lawyers-police clash

Supreme Court takes suo motu action on lawyers-police clash

Supreme Court Acting Chief Justice Javed Iqbal has taken notice of the lawyers-police episode in Lahore on Saturday and summoned Punjab IGP and Home Secretary on March 20.

Published 18 Mar, 2007 12:00am

Officials, Bajaur elders agree on border security

Officials, Bajaur elders agree on border security

Authorities reached an agreement on Saturday with tribal elders near the Afghan border aimed at rooting out foreign militants and ending insurgent raids into Afghanistan, a political official said.

Published 18 Mar, 2007 12:00am

Officials, Bajaur elders agree on border security

Officials, Bajaur elders agree on border security

Authorities reached an agreement on Saturday with tribal elders near the Afghan border aimed at rooting out foreign militants and ending insurgent raids into Afghanistan, a political official said.

Published 18 Mar, 2007 12:00am

CBR asks traders to voluntarily pay taxes

CBR asks traders to voluntarily pay taxes

Central Board of Revenue Chairman Abdullah Yousuf has called upon the traders and industrialists to voluntarily pay taxes on the income earned through exports or industrial production. He was addressing a representative delegation of All Pakistan Textile

Published 18 Mar, 2007 12:00am

CBR asks traders to voluntarily pay taxes

CBR asks traders to voluntarily pay taxes

Central Board of Revenue Chairman Abdullah Yousuf has called upon the traders and industrialists to voluntarily pay taxes on the income earned through exports or industrial production. He was addressing a representative delegation of All Pakistan Textile

Published 18 Mar, 2007 12:00am

CBR asks traders to voluntarily pay taxes

CBR asks traders to voluntarily pay taxes

Central Board of Revenue Chairman Abdullah Yousuf has called upon the traders and industrialists to voluntarily pay taxes on the income earned through exports or industrial production. He was addressing a representative delegation of All Pakistan Textile

Published 18 Mar, 2007 12:00am

Inflation and account deficit threats to economy: EIU

Inflation and account deficit threats to economy: EIU

Inflation, a widening current-account deficit and internationally high oil prices remain the biggest threats to Pakistan economy, said The Economist Intelligence Unit (EIU) UK. The Economist Intelligence Unit (EIU) on Saturday has issued a detail report o

Published 18 Mar, 2007 12:00am

Inflation and account deficit threats to economy: EIU

Inflation and account deficit threats to economy: EIU

Inflation, a widening current-account deficit and internationally high oil prices remain the biggest threats to Pakistan economy, said The Economist Intelligence Unit (EIU) UK. The Economist Intelligence Unit (EIU) on Saturday has issued a detail report o

Published 18 Mar, 2007 12:00am

Inflation and account deficit threats to economy: EIU

Inflation and account deficit threats to economy: EIU

Inflation, a widening current-account deficit and internationally high oil prices remain the biggest threats to Pakistan economy, said The Economist Intelligence Unit (EIU) UK. The Economist Intelligence Unit (EIU) on Saturday has issued a detail report o

Published 18 Mar, 2007 12:00am

Commission to probe EU seafood ban

Commission to probe EU seafood ban

A high-level inquiry commission will probe the reasons that led to the seafood ban by the European Union (EU), said Abdul Waseem, Member National Assembly (MNA). Addressing a seminar, organised by the Fisherman Co-operative Society (FCS) on Saturday at Ka

Published 18 Mar, 2007 12:00am

Commission to probe EU seafood ban

Commission to probe EU seafood ban

A high-level inquiry commission will probe the reasons that led to the seafood ban by the European Union (EU), said Abdul Waseem, Member National Assembly (MNA). Addressing a seminar, organised by the Fisherman Co-operative Society (FCS) on Saturday at Ka

Published 18 Mar, 2007 12:00am

Commission to probe EU seafood ban

Commission to probe EU seafood ban

A high-level inquiry commission will probe the reasons that led to the seafood ban by the European Union (EU), said Abdul Waseem, Member National Assembly (MNA). Addressing a seminar, organised by the Fisherman Co-operative Society (FCS) on Saturday at Ka

Published 18 Mar, 2007 12:00am

Pakistan and Malaysia to abolish visa for officials, envoys

Pakistan and Malaysia to abolish visa for officials, envoys

Pakistan and Malaysia have decided to sign an agreement to abolish visa requirements for diplomatic and official passport holders, sources in the Interior Ministry told Business Recorder.

Published 18 Mar, 2007 12:00am

Pakistan and Malaysia to abolish visa for officials, envoys

Pakistan and Malaysia to abolish visa for officials, envoys

Pakistan and Malaysia have decided to sign an agreement to abolish visa requirements for diplomatic and official passport holders, sources in the Interior Ministry told Business Recorder.

Published 18 Mar, 2007 12:00am

US acknowledges Musharraf's work for democracy

US acknowledges Musharraf's work for democracy

The United States has acknowledged that President Pervez Musharraf has made progress towards democratic reforms and development of Pakistan and underscored the fact that the Pakistani leader himself had condemned the raid against a private channel on Frid

Published 18 Mar, 2007 12:00am

Control on marriage expenses: Cabinet to consider 'bill' on March 19

Control on marriage expenses: Cabinet to consider 'bill' on March 19

The Cabinet, scheduled to meet on Monday in Gwadar, will consider a proposal of the Religious Ministry, which restrains Prime Minister, Members of Parliament and holders of public offices from accepting presents in connection with their marriage or marria

Published 18 Mar, 2007 12:00am

Control on marriage expenses: Cabinet to consider 'bill' on March 19

Control on marriage expenses: Cabinet to consider 'bill' on March 19

The Cabinet, scheduled to meet on Monday in Gwadar, will consider a proposal of the Religious Ministry, which restrains Prime Minister, Members of Parliament and holders of public offices from accepting presents in connection with their marriage or marria

Published 18 Mar, 2007 12:00am

Oil prices kept unchanged

Oil prices kept unchanged

Oil and Gas Regulatory Authority (Ogra) has decided to keep petroleum prices unchanged for the next fifteen days. Ogra said, prices of motor spirit, HOBC, kerosene oil and liter diesel oil will not change for the next 15 days, private TV news channel repo

Published 18 Mar, 2007 12:00am

Oil prices kept unchanged

Oil prices kept unchanged

Oil and Gas Regulatory Authority (Ogra) has decided to keep petroleum prices unchanged for the next fifteen days. Ogra said, prices of motor spirit, HOBC, kerosene oil and liter diesel oil will not change for the next 15 days, private TV news channel repo

Published 18 Mar, 2007 12:00am

Oil prices kept unchanged

Oil prices kept unchanged

Oil and Gas Regulatory Authority (Ogra) has decided to keep petroleum prices unchanged for the next fifteen days. Ogra said, prices of motor spirit, HOBC, kerosene oil and liter diesel oil will not change for the next 15 days, private TV news channel repo

Published 18 Mar, 2007 12:00am

Mitsubishi Heavy to borrow money using CO2 credits

Mitsubishi Heavy to borrow money using CO2 credits

Mitsubishi Heavy Industries Ltd plans to finance a Bulgarian wind farm by using the resulting greenhouse gas emission rights as collateral, the first such financing plan in the world, a report said Saturday.

Published 18 Mar, 2007 12:00am

Mitsubishi Heavy to borrow money using CO2 credits

Mitsubishi Heavy to borrow money using CO2 credits

Mitsubishi Heavy Industries Ltd plans to finance a Bulgarian wind farm by using the resulting greenhouse gas emission rights as collateral, the first such financing plan in the world, a report said Saturday.

Published 18 Mar, 2007 12:00am

Mitsubishi Heavy to borrow money using CO2 credits

Mitsubishi Heavy to borrow money using CO2 credits

Mitsubishi Heavy Industries Ltd plans to finance a Bulgarian wind farm by using the resulting greenhouse gas emission rights as collateral, the first such financing plan in the world, a report said Saturday.

Published 18 Mar, 2007 12:00am

Saarc law moot postponed

Saarc law moot postponed

The Supreme Court has postponed the three-day Saarc Law and Chief Justices Conference, which was to be held from March 23 to 25 at Karachi. According to the Supreme Court Registrar Office, the conference has been postponed, and new dates for the conferenc

Published 18 Mar, 2007 12:00am

Saarc law moot postponed

Saarc law moot postponed

The Supreme Court has postponed the three-day Saarc Law and Chief Justices Conference, which was to be held from March 23 to 25 at Karachi. According to the Supreme Court Registrar Office, the conference has been postponed, and new dates for the conferenc

Published 18 Mar, 2007 12:00am

Dubai Port completes sale of controversial US operations

Dubai Port completes sale of controversial US operations

Dubai port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the United States, the official WAM news agency reported Saturday.

Published 18 Mar, 2007 12:00am

Dubai Port completes sale of controversial US operations

Dubai Port completes sale of controversial US operations

Dubai port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the United States, the official WAM news agency reported Saturday.

Published 18 Mar, 2007 12:00am

Dubai Port completes sale of controversial US operations

Dubai Port completes sale of controversial US operations

Dubai port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the United States, the official WAM news agency reported Saturday.

Published 18 Mar, 2007 12:00am

Green house gases: Cabinet to approve MoU draft on March 19

Green house gases: Cabinet to approve MoU draft on March 19

Pakistan and Japan will shortly sign a Memorandum of Understanding (MoU) under which the latter will extend financial assistance to the former to reduce green house gases (GHGs) through 'clean development mechanism' (CDM), official sources told Busines

Published 18 Mar, 2007 12:00am

Science, technology key to economic growth: Atta

Advancement in science and technology is key to country's economic growth and without it country is handicapped in today's competitive world. Professor Dr Atta-ur-Rahman, Chairman Higher Education Commission said this at the convocation of the Sir Syed Un
Published 18 Mar, 2007 12:00am

Opposition not to be allowed to undermine judiciary's dignity: Prime Minister

Prime Minister Shaukat Aziz on Saturday said the government will not allow the opposition to undermine the dignity of the judiciary. He said this while informally talking to a number of cabinet ministers who called on him here at the Prime Minister House
Published 18 Mar, 2007 12:00am

Indo-Pak joint control over six rivers proposed

Pakistan is concerned about the future scenario of water hence the government of India should work with Pakistan for a joint control over the six rivers rather than adhering to Indus Basin Water Treaty that divided all six rivers between Pakistan and Indi
Published 18 Mar, 2007 12:00am

Palestinian unity government takes office

A Palestinian unity government rejected by Israel as a peace partner took office on Saturday, pairing Islamist Hamas and secular Fatah in a coalition they hope can end factional violence and painful foreign sanctions.
Published 18 Mar, 2007 12:00am

Palestinian unity government takes office

A Palestinian unity government rejected by Israel as a peace partner took office on Saturday, pairing Islamist Hamas and secular Fatah in a coalition they hope can end factional violence and painful foreign sanctions.
Published 18 Mar, 2007 12:00am

Withholding tax payment: new computerised system from April

The Central Board of Revenue (CBR) has made it mandatory for the taxpayers and withholding tax agents to specify the national tax numbers (NTNs) on the new computerised payment receipts (CPR) at banks, from April 1.
Published 18 Mar, 2007 12:00am

Withholding tax payment: new computerised system from April

The Central Board of Revenue (CBR) has made it mandatory for the taxpayers and withholding tax agents to specify the national tax numbers (NTNs) on the new computerised payment receipts (CPR) at banks, from April 1.
Published 18 Mar, 2007 12:00am

Withholding tax payment: new computerised system from April

The Central Board of Revenue (CBR) has made it mandatory for the taxpayers and withholding tax agents to specify the national tax numbers (NTNs) on the new computerised payment receipts (CPR) at banks, from April 1.
Published 18 Mar, 2007 12:00am

German finance minister warns on hedge fund risks

German Finance Minister Peer Steinbrueck said on Thursday the risk that highly leveraged hedge funds could get in trouble was one of the most serious threats to a generally positive global outlook.
Published 18 Mar, 2007 12:00am

German finance minister warns on hedge fund risks

German Finance Minister Peer Steinbrueck said on Thursday the risk that highly leveraged hedge funds could get in trouble was one of the most serious threats to a generally positive global outlook.
Published 18 Mar, 2007 12:00am

FPCCI invited to energy moot in India

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has been invited to participate in the two-day conference on 'Emerging Investment Opportunities in the South Asian Power Sector' on March 20-21 at the Federation of Indian Chambers of Co
Published 18 Mar, 2007 12:00am

Motorcycles February sales marginally up

The sale of locally assembled motorcycles rose marginally in February compared with the previous month taking the cumulative figure for eight months (July-February) to 301,826 units.
Published 18 Mar, 2007 12:00am

Motorcycles February sales marginally up

The sale of locally assembled motorcycles rose marginally in February compared with the previous month taking the cumulative figure for eight months (July-February) to 301,826 units.
Published 18 Mar, 2007 12:00am

Motorcycles February sales marginally up

The sale of locally assembled motorcycles rose marginally in February compared with the previous month taking the cumulative figure for eight months (July-February) to 301,826 units.
Published 18 Mar, 2007 12:00am

Faisalabad lawyers boycott court proceedings

The lawyers boycotted court proceedings at district courts, banking courts, sessions courts on the call of various lawyers bodies and tied black armbands as a sign of protest here on Saturday to dissent the presidential reference against non-functional ch
Published 18 Mar, 2007 12:00am

Lawyers meet non-functional Chief Justice

A group of local lawyers led by former president of Rawalpindi Bar Association Zulfiqar Abbas Naqvi on Saturday called on the non-functional Chief Justice of Pakistan Iftikhar Muhammad Chaudhry at his residence.
Published 18 Mar, 2007 12:00am

Rawalpindi lawyers' protest continues

The High Court Bar Association and District Bar Association, Rawalpindi continued their protest against the suspension of Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhary and staged a sit-in in front of District Courts on the sixth consecutiv
Published 18 Mar, 2007 12:00am

Lawyers protest against attack on media

Lawyers in Karachi, and elsewhere in Sindh, on Saturday protested against the onslaught by the law enforcement personnel on print and electronic media in Islamabad on Friday.
Published 18 Mar, 2007 12:00am

'Lawyers urged not to become tool for politicians'

Defining lawyers as important segment of society, Sindh Chief Minister Dr Arbab Ghulam Rahim urged them to avoid becoming a tool for politicians. Addressing to a 'Sindh Lawyers Convention-2007' on Saturday at the CM House, he said there was no dispute bet
Published 18 Mar, 2007 12:00am

APNS strongly condemns police assault on media

The APNS strongly condemns the heinous acts of police assault on the media and rejects all efforts to silence the press, stated a press release of the Society.
Published 18 Mar, 2007 12:00am

CBR chief urges traders to pay taxes

By way of potential and performance, Pakistan entrepreneur is second to none in the world. Nevertheless, it is imperative that the private sector of Pakistan should also pay its share of income to the government so that we may achieve our target of nation
Published 18 Mar, 2007 12:00am

Qualcomm and Broadcom to drop San Diego patent claims

Wireless chip maker Qualcomm Inc and rival Broadcom Corp agreed on Friday to dismiss all patent and trade secret claims pending in a San Diego federal court, eliminating the need for five jury trials scheduled for this year.
Published 18 Mar, 2007 12:00am

Orascom, MTNL out of third Saudi mobile licence race

The Saudi telecom watchdog said on Saturday it has disqualified Egypt's Orascom and India's MTNL, two of nine consortiums bidding for the kingdom's third mobile phone licence.
Published 18 Mar, 2007 12:00am

India's oilseeds output to slip

India's edible oil imports are expected to go up by at least half a million tonnes in the year ending October 2007 with the oilseeds output forecast to fall sharply on lower acreage, trade officials said on Saturday.
Published 18 Mar, 2007 12:00am

350 Iraqis poisoned in chlorine bomb attacks

At least 350 Iraqi civilians needed hospital treatment after insurgents detonated three trucks filled with toxic chlorine gas, killing two policemen, the US military said on Saturday. Meanwhile the Prime Ministers of Iraq and Australia, at a press confere
Published 18 Mar, 2007 12:00am

350 Iraqis poisoned in chlorine bomb attacks

At least 350 Iraqi civilians needed hospital treatment after insurgents detonated three trucks filled with toxic chlorine gas, killing two policemen, the US military said on Saturday. Meanwhile the Prime Ministers of Iraq and Australia, at a press confere
Published 18 Mar, 2007 12:00am

New provisions in FBR law proposed

The Central Board of Revenue (CBR) has proposed new provisions in the Federal Board of Revenue (FBR) law 2007 to combat corruption, putting in place integrity checks and system to form basis for promotion, incentives and transfers/postings of tax official
Published 18 Mar, 2007 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 4

277.99

USD PKR Interbank Buying / Nov 4

277.79

USD to Japanese Yen / Nov 4

152.16

USD to Swiss Franc / Nov 4

0.86

Pound Sterling to USD / Nov 4

1.30

Euro to USD / Nov 4

1.09

Stock Volume

S&P 500 / Nov 4

5,712.69

Nasdaq / Nov 4

18,179.98

FTSE 100 / Nov 4

8,184.24

Dow Jones / Nov 4

41,794.60

Germany DAX 30 / Nov 4

19,147.85

France CAC40 / Nov 4

7,371.71

India Sensex / Nov 5

78,731.05

Tokyo Nikkei / Nov 5

38,537.29

Item Value

Crude Oil USD/Barrel / Nov 4

71.65

Karachi Cotton PKR/37.32 KG / Nov 4

18,085

Gold 10 Grams PKR / Nov 4

244,227

Gold Spot USD/Ounce / Nov 4

2,745.40

Cotton US¢/pound / Nov 4

69.93

Petrol/Litre / Nov 5

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 5

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 5

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Nov 5

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 5

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 5

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Nov 5

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Nov 5

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Nov 5

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 5

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 5

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 5

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Nov 5

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 5

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 5

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Nov 5

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Nov 5

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Nov 5

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 5

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Nov 5

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Nov 5

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Nov 5

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Nov 5

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Nov 5

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Nov 5

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Nov 5

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Nov 5

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Nov 5

Telecard Limited(TELE)

12,358,668

▲ 0.00

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Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

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B-52 bombers arrive in Middle East: US military

Punjab govt shuts primary schools for one week in Lahore over record pollution

Dilemmas facing downward interest rate cycle

Siemens AG acquires additional stake in Pakistan’s subsidiary for Rs1.7bn

ECC approves Rs2.94bn grant for purchase of 2 e-passport, 6 desktop personalisation systems

NJLI Sarmaya Growth Fund Rates

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

National Saving Schemes: CDNS revises rates of return downwards

Wheat support price dilemma

Mahmood Textile Mills Limited

MPC meeting: a bonanza is coming

FBR to give cash awards to Inland Revenue officials

KSE-100 closes 1.2% higher in anticipation of monetary policy announcement

Govt sets 33.58Mt wheat target

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