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Print - 2007-03-23
Obituary

Obituary

Mazhar Ali Alvie, uncle of Khawaja Nadeem Azhar, Managing Director Unity Advertising Agency died in Sharjah (UAE) on March 18. People hailing from different occupations have expressed deep sorrow over the sad demise of Mazhar Ali Alvie.
Published 23 Mar, 2007 12:00am
APTBA office-bearers

APTBA office-bearers

Naveed A Andrabi and Javeed Iqbal Qazi have been elected President and General Secretary, respectively of All Pakistan Tax Bar Association (APTBA) in the election held for the new term.
Published 23 Mar, 2007 12:00am
Lahore Bishop greets nation on Pakistan Day

Lahore Bishop greets nation on Pakistan Day

Pakistan Day is not only a landmark in the country's history, it is also a beacon of light for all people who are struggling for their freedom. This was stated by the Bishop of Lahore and Moderator, Church of Pakistan, Dr Alexander John Malik, in a felici
Published 23 Mar, 2007 12:00am
Mehfil-e-Milad held at Aiwan-e-Sadr

Mehfil-e-Milad held at Aiwan-e-Sadr

To mark the advent of the blessed month of Rabi-ul-Awwal, First Lady Sehba Musharraf and women ministers paid reverence to Holy Prophet Hazrat Muhammad (peace be upon him) at a Mehfil-e-Milad held at Aiwan-e-Sadr on Thursday.
Published 23 Mar, 2007 12:00am
'Administrative machinery geared up to expedite uplift projects'

'Administrative machinery geared up to expedite uplift projects'

Chief Minister of Punjab, Chaudhry Pervaiz Elahi has said that administrative machinery has been geared up to accelerate the pace of social development in the big cities of the province and huge resources are being spent for providing opportunities of dev
Published 23 Mar, 2007 12:00am
Vibrant policies caused economic turn around: minister

Vibrant policies caused economic turn around: minister

Minister of State for Information and Broadcasting Tariq Azeem Khan on Thursday said that the present government's vibrant policies have resulted in stable economic achievements and today Pakistan stands conspicuous among the comity of nations.
Published 23 Mar, 2007 12:00am
MoWD launches 3 'Jafakash Aurat' projects

MoWD launches 3 'Jafakash Aurat' projects

The Ministry of Women Development has launched three pilot 'Jafakash Aurat' projects in collaboration with Aga Khan Rural Support Programme (AKRSP), First Woman Bank Limited (FWBL) and Khushhali Bank (KB), costing Rs 170.339 million.
Published 23 Mar, 2007 12:00am
Government told to adopt preventive anti-corruption steps

Government told to adopt preventive anti-corruption steps

National Accountability Bureau (NAB) Chairman Lieutenant General Shahid Aziz (retd) has asked all government departments to adopt preventive measures against corrupt practices in public sector. While addressing the 14th Director Generals Conference on Wed
Published 23 Mar, 2007 12:00am
Police torture on lawyers; inquiry ordered

Police torture on lawyers; inquiry ordered

Acting Chief Justice of Pakistan Justice Javed Iqbal has passed an order in suo motu case in Quetta against the high-handedness and brutal torture of police on advocates, said a press release on Thursday.
Published 23 Mar, 2007 12:00am
WHO plans to eradicate tuberculosis by spending huge funds

WHO plans to eradicate tuberculosis by spending huge funds

Tuberculosis (TB) is alarmingly increasing in the developing countries where food, sanitation and treatment facilities are still at the stage of improvement. It can turn into an epidemic if appropriate and concrete steps are not taken to check it.
Published 23 Mar, 2007 12:00am
IFC and Serena Hotel sign MoU

IFC and Serena Hotel sign MoU

International Finance Corporation (IFC), the private sector arm of the World Bank Group, will provide 16 million dollars to the Tourism Promotion Services of Pakistan (TPSP), the parent company of Serena Hotel. To this effect, a Memorandum of Understandin
Published 23 Mar, 2007 12:00am
'SAIF Zone a fast emerging industrial estate in region'

'SAIF Zone a fast emerging industrial estate in region'

Sharjah Airport International Free (SAIF) Zone is a fast emerging industrial estate in the region where trading, services, aviation and other industries are growing rapidly, said Humaid Al-Khatri, leader of the SAIF delegation here on Thursday.
Published 23 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 23 Mar, 2007 12:00am
Government urged to support dying art of puppetry

Government urged to support dying art of puppetry

The organisers of Rafi Peer Theatre Group have urged the government to take immediate steps to support the dying art of puppetry, which will help promote peace, brotherhood and harmony in the society.
Published 23 Mar, 2007 12:00am
National Assembly body on cabinet meets

National Assembly body on cabinet meets

The National Assembly Standing Committee on Cabinet on Thursday met at the Parliament House, presided over by Ahmed Raza Maneka, MNA, says a press release. The committee discussed the Intellectual Property Organisation of Pakistan Bill 2006; the Patents (
Published 23 Mar, 2007 12:00am
Rains damage mango orchards

Rains damage mango orchards

Recent heavy rains have damaged the mango orchards in the district and the growers have called upon the horticulture experts to come to the rescue and help with damage control. Mango growers are concerned that if timely measures are not taken, the mango p
Published 23 Mar, 2007 12:00am
Membership cancelled

Membership cancelled

The district bar association cancelled the membership of 25 lawyers of the PML for taking part in government-sponsored lawyers' convention in Lahore. Among the lawyers whose membership has been cancelled are Sarfraz Zia, Hamid Raza Shah, Chaudhry Salim Ak
Published 23 Mar, 2007 12:00am
Pakistan day to be celebrated with national spirit in AJK

Pakistan day to be celebrated with national spirit in AJK

Like other parts of the country the 67th Pakistan resolution Day will be celebrated in Azad Jammu and Kashmir with national spirit, enthusiasm and pledges to continue struggle till the liberation of occupied Kashmir and whole accession of the state with P
Published 23 Mar, 2007 12:00am
Jashan-e-Baharan festival starts

Jashan-e-Baharan festival starts

District Nazim Sahibzada Sultan Hameed has said that different types of fine arts are the source of introducing local cultural activities in the world and in this regard the services of fine arts' experts can not be ignored. He stated this at the occasion
Published 23 Mar, 2007 12:00am
Lawyers continue protest

Lawyers continue protest

Lawyers in Multan continued their protest drive on 12th day on Thursday and observed token hunger strike against the decision of making Justice Iftikhar Mohammed Chaudhry non-functional.
Published 23 Mar, 2007 12:00am
Veteran journalist laid to rest

Veteran journalist laid to rest

Veteran journalist Salim Qureshi, who breathed his last on Wednesday night after protracted illness, was laid to rest here at Muslim Graveyard Phuleli on Thursday morning. Salim Qureshi was 82 years old. He was survived by a widow, five sons and four daug
Published 23 Mar, 2007 12:00am
Budget proposals: zero-rate tax suggested for pharmaceutical supplies

Budget proposals: zero-rate tax suggested for pharmaceutical supplies

Country's pharmaceutical manufacturers have demanded that pharmaceutical supplies should be zero-rated and all the tax paid at purchase stage may be refunded. Pakistan Pharmaceutical Manufacturers Association (PPMA) in its proposals for budget 2007-08 sug
Published 23 Mar, 2007 12:00am
Bed-wear export slumps by 12.15 percent during February

Bed-wear export slumps by 12.15 percent during February

Due to persistent crisis engulfed the textile sector as a whole since the abolishment of quota in the European Market, the bed-wear export has slumped by 12.15 percent during February 2007 as compared to February 2006.
Published 23 Mar, 2007 12:00am
CDGK issued notice in petition to fix milk sale price

CDGK issued notice in petition to fix milk sale price

The High Court of Sindh on Thursday issued notice to City Government and others for March 29 on a plea seeking directives for authorities concerned to fix sale price of fresh milk pending its determination by cost of production of fresh milk as well as re
Published 23 Mar, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (March 22, 2007) and the forecast for Friday (March 23, 2007).
Published 23 Mar, 2007 12:00am
KSE introduces NBP, OGDC and PTCL in CSFM

KSE introduces NBP, OGDC and PTCL in CSFM

The KSE named NBP, OGDC and PTCL to introduce on KATS in Cash Settled Future Market (CSFM) that is scheduled to start from April 02, 2007. The Karachi Stock Exchange in a notice issued here on Thursday said that the trading of the said three companies und
Published 23 Mar, 2007 12:00am
New York cotton

New York cotton

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

Published 23 Mar, 2007 12:00am
'Infrastructure facilities being provided to trade and industry'

'Infrastructure facilities being provided to trade and industry'

Chairman Senate Mohammadmian Soomro said on Thursday that the government was providing infrastructure facilities to trade and industry while the financial and industrial policies of the government would help boost the economy.
Published 23 Mar, 2007 12:00am
New York cotton

New York cotton

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

Published 23 Mar, 2007 12:00am
Telecom imports reach $1.39 billion

Telecom imports reach $1.39 billion

The country's telecom imports has reached $1.3904 billion during July-February 2006-07 registering 21 percent jump compared to $1.1497 billion during the corresponding period last year. Increasing cellular density and expansions on the part of the local o
Published 23 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 23 Mar, 2007 12:00am
Intel-powered classmate PC pilot program

Intel-powered classmate PC pilot program

The Intel Corporation has announced that Intel-powered classmate PCs are being shipped in volume to the emerging markets. These affordable yet fully functional PC based on the Intel (r) Celeron (r) M processor is the first education-oriented mobile comput
Published 23 Mar, 2007 12:00am
Abdullah Shah granted bail before arrest in 17 cases

Abdullah Shah granted bail before arrest in 17 cases

Sindh High Court (SHC) on Thursday granted bail before arrest to former chief minister of Sindh Syed Abdullah Shah in 17 cases. A two-member bench of SHC comprised of Justice Afzal Soomro and Justice Rahmat Hussain Jaffery, heard the bail before arrest pl
Published 23 Mar, 2007 12:00am
Sindh declares holiday

Sindh declares holiday

The Government of Sindh has declared today as holiday throughout the province of Sindh on the occasion of Pakistan Day for all offices, autonomous, semi-autonomous bodies, corporation and local councils under the administrative control of Sindh government
Published 23 Mar, 2007 12:00am
February urea offtake down by 31 percent

February urea offtake down by 31 percent

Urea offtake decline by 31 percent during February and by 12 percent during October-February period of the current year 2006- 07 as compared with the same period of last fiscal year due to huge demand of DAP preferred by farmers, sources said.
Published 23 Mar, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
IBA urges independence of judiciary

IBA urges independence of judiciary

Representative of International Bar Association (IBA) Romana St. Matthew-Daniel appreciated the members of the Lahore High Court Bar Association (LHCBA) in their struggle for independence of judiciary. In a telephonic talk with bar secretary, Sarfraz Chee
Published 23 Mar, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (March 22, 2007) and for Friday (March 23, 2007).
Published 23 Mar, 2007 12:00am
Lawyers urged to register protest peacefully

Lawyers urged to register protest peacefully

The acting Chief Justice of Pakistan, Justice Javed Iqbal, on Thursday called upon the lawyers community to register their protest in a peaceful and dignified manner and that they should not take the law in their hands.
Published 23 Mar, 2007 12:00am
Speakers for construction of more dams

Speakers for construction of more dams

Speakers at a conference on 'World Water Day' held under the auspices of Institution of Engineers Pakistan (IEP) on Thursday said that unless vision of President Pervez Musharraf to construct five mega dams was materialised there would be a severe shortag
Published 23 Mar, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
Taunsa Barrage structure likely to damage

Taunsa Barrage structure likely to damage

There is a fear that Taunsa Barrage's under construction structure may be damaged because the water level is rising gradually. Water level was also rising in the Chashma Barrage area to the range of 150,000 to 250,000 cusecs, and that was likely to impact
Published 23 Mar, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
Replacement of water lines begins next month

Replacement of water lines begins next month

Replacement of 700 kilometres long rusty and worn out water-supply lines in various localities of the city would commence during the first week of next month and the project would be completed within six months at a cost of Rs 920 million.
Published 23 Mar, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
BOP awarded Corporate Excellence Award

BOP awarded Corporate Excellence Award

The Bank of Punjab has been adjudged 24th Corporate Excellence Award for Commercial Banking Sector by the Management Association of Pakistan being a 'Best Managed Banking Company.
Published 23 Mar, 2007 12:00am
Government to accept SJC decision: Prime Minister

Government to accept SJC decision: Prime Minister

Prime Minister Shaukat Aziz on Thursday categorically stated that the government believes in the supremacy of Constitution and Law and will accept the decision of Supreme Judicial Council (SJC) on the Presidential reference against Justice Iftikhar Muhamm
Published 23 Mar, 2007 12:00am
Pakistan to be made fortress of democracy: President

Pakistan to be made fortress of democracy: President

President General Pervez Musharraf said Pakistan will be made an impregnable fortress of democracy, peace and progress in line with the vision of its founder. In a message on Pakistan Day, the President said Pakistan was rapidly moving on the path of prog
Published 23 Mar, 2007 12:00am
THE RUPEE: all round declines in currency market

THE RUPEE: all round declines in currency market

All round declines were seen in the currency market on Thursday as the rupee lost against the euro and the dollar, dealers said. After expanding ground against the dollar in the global markets, the euro ascended in terms of the rupee in the open market, g
Published 23 Mar, 2007 12:00am
Partly cloudy weather forecast

Partly cloudy weather forecast

Meteorological Department has forecasted partly cloudy weather with hazy morning for the metropolis during next 24 hours with minimum temperature in the range of 20 centigrade to 22 centigrade.
Published 23 Mar, 2007 12:00am
THE RUPEE: all round declines in currency market

THE RUPEE: all round declines in currency market

All round declines were seen in the currency market on Thursday as the rupee lost against the euro and the dollar, dealers said. After expanding ground against the dollar in the global markets, the euro ascended in terms of the rupee in the open market, g
Published 23 Mar, 2007 12:00am
Bomb scare at chief minister House

Bomb scare at chief minister House

Police and bomb disposal squad have been called at the chief minister house here on Thursday after reports of bomb in the Chief Minister's house. Heavy police contingents encircled the Chief Minister's house and bomb disposal experts searched the CM house
Published 23 Mar, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
'Tuberculosis declining in Pakistan'

'Tuberculosis declining in Pakistan'

There has been a significant reduction in the TB disease cases in Pakistan as a result of effective nation-wide DOTS strategy and a robust public health education drive, says a statement issued by the Ministry of Health on the occasion of World TB Day.
Published 23 Mar, 2007 12:00am
Top Taliban commanders negotiating ceasefire

Top Taliban commanders negotiating ceasefire

Taliban commanders tried on Thursday to negotiate an end to four days of battles between tribesmen and foreign al Qaeda militants that have left at least 120 dead, officials said. Army helicopter gunships hovered over the rugged South Waziristan tribal ar
Published 23 Mar, 2007 12:00am
Top Taliban commanders negotiating ceasefire

Top Taliban commanders negotiating ceasefire

Taliban commanders tried on Thursday to negotiate an end to four days of battles between tribesmen and foreign al Qaeda militants that have left at least 120 dead, officials said. Army helicopter gunships hovered over the rugged South Waziristan tribal ar
Published 23 Mar, 2007 12:00am
No threat to Musharraf over judicial crisis: US official

No threat to Musharraf over judicial crisis: US official

President Pervez Musharraf faces no immediate threat to his rule despite violent protests over his removal of a Chief Justice of Pakistan, a senior US State Department official said on Wednesday.
Published 23 Mar, 2007 12:00am
No threat to Musharraf over judicial crisis: US official

No threat to Musharraf over judicial crisis: US official

President Pervez Musharraf faces no immediate threat to his rule despite violent protests over his removal of a Chief Justice of Pakistan, a senior US State Department official said on Wednesday.
Published 23 Mar, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
Woolmer broke bone in throat vomiting

Woolmer broke bone in throat vomiting

Pakistan cricket coach Bob Woolmer broke a bone in his throat while vomiting, Sky Television reported on Thursday. They reported that Woolmer, 58, suffered the injury after falling against a toilet bowl. The report was unsourced.
Published 23 Mar, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2007 12:00am
Woolmer broke bone in throat vomiting

Woolmer broke bone in throat vomiting

Pakistan cricket coach Bob Woolmer broke a bone in his throat while vomiting, Sky Television reported on Thursday. They reported that Woolmer, 58, suffered the injury after falling against a toilet bowl. The report was unsourced.
Published 23 Mar, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2007 12:00am
Explosion rattles UN chief's Iraq news conference

Explosion rattles UN chief's Iraq news conference

UN Secretary General Ban Ki-moon expressed confidence on Thursday that Iraq could build a better future with international help just moments before flinching at the sound of a nearby mortar attack.
Published 23 Mar, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Mar, 2007 12:00am
Explosion rattles UN chief's Iraq news conference

Explosion rattles UN chief's Iraq news conference

UN Secretary General Ban Ki-moon expressed confidence on Thursday that Iraq could build a better future with international help just moments before flinching at the sound of a nearby mortar attack.
Published 23 Mar, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (March 22, 2007).

Published 23 Mar, 2007 12:00am
Gas exploration licence signed

Gas exploration licence signed

The Government of Pakistan on Thursday executed exploration licence (EL) with government Holdings (Pvt) Limited (GHPL) and petroleum production Sharing Agreement with GHPL and Oil & Gas Development Company Limited (OGDCL) over Block No 2266-8 (Offshore In
Published 23 Mar, 2007 12:00am
Gas exploration licence signed

Gas exploration licence signed

The Government of Pakistan on Thursday executed exploration licence (EL) with government Holdings (Pvt) Limited (GHPL) and petroleum production Sharing Agreement with GHPL and Oil & Gas Development Company Limited (OGDCL) over Block No 2266-8 (Offshore In
Published 23 Mar, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Mar, 2007 12:00am
Gas exploration licence signed

Gas exploration licence signed

The Government of Pakistan on Thursday executed exploration licence (EL) with government Holdings (Pvt) Limited (GHPL) and petroleum production Sharing Agreement with GHPL and Oil & Gas Development Company Limited (OGDCL) over Block No 2266-8 (Offshore In
Published 23 Mar, 2007 12:00am
Eight percent GDP growth in 2007-08 envisaged

Eight percent GDP growth in 2007-08 envisaged

The Planning Commission has envisaged 7.5-8 percent GDP growth in 2007-08 due to strong pick-up in domestic and foreign direct investments and excellent performance of agriculture, manufacturing and services sectors, official sources told Business Reco
Published 23 Mar, 2007 12:00am
Eight percent GDP growth in 2007-08 envisaged

Eight percent GDP growth in 2007-08 envisaged

The Planning Commission has envisaged 7.5-8 percent GDP growth in 2007-08 due to strong pick-up in domestic and foreign direct investments and excellent performance of agriculture, manufacturing and services sectors, official sources told Business Reco
Published 23 Mar, 2007 12:00am
Eight percent GDP growth in 2007-08 envisaged

Eight percent GDP growth in 2007-08 envisaged

The Planning Commission has envisaged 7.5-8 percent GDP growth in 2007-08 due to strong pick-up in domestic and foreign direct investments and excellent performance of agriculture, manufacturing and services sectors, official sources told Business Reco
Published 23 Mar, 2007 12:00am
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