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Print - 2007-03-28
Bureaucratic snags delay Peshawar's beautification plan

Bureaucratic snags delay Peshawar's beautification plan

The beautification and conversion of Peshawar into a model city remained a dream as all three tier of federal, provincial and city district governments have failed in initiating any major development scheme for the oldest living city of the world.
Published 28 Mar, 2007 12:00am
IBP hosts dealers' convention

IBP hosts dealers' convention

International Business Products (IBP) recently celebrated 10 years as the sole distributor of SHARP Office Products in Pakistan, by hosting a Dealers' Convention and Grand Product Show at a local hotel.
Published 28 Mar, 2007 12:00am
EFU General achieves all-time record premium

EFU General achieves all-time record premium

EFU General Insurance Ltd achieves all-time record premium of Rs 8.46 billion in 2006, highest ever in the country written by any company. The Company earned after tax profit of Rs 762 million.
Published 28 Mar, 2007 12:00am
EFU General achieves all-time record premium

EFU General achieves all-time record premium

EFU General Insurance Ltd achieves all-time record premium of Rs 8.46 billion in 2006, highest ever in the country written by any company. The Company earned after tax profit of Rs 762 million.
Published 28 Mar, 2007 12:00am
Time extension sought for enquiry

Time extension sought for enquiry

The Lahore High Court (LHC) adjourned the proceedings till March 28 of an enquiry into police torture on journalists and bar member. The court decided to ask the Supreme Court of Pakistan for appropriate extension in time for completion of inquiry.
Published 28 Mar, 2007 12:00am
'Diplomats can pave way for foreign investments'

'Diplomats can pave way for foreign investments'

Pakistan needs to exploit all the avenues to boost its exports and the role of diplomats has always been of prime importance. "The diplomats can pave way for foreign investments by portraying the economic potentials of any country to the outside world."
Published 28 Mar, 2007 12:00am
Early release of uplift funds sought

Early release of uplift funds sought

Industrialists of Kotlakhpat Industrial Estate have demanded of Punjab Chief Minister Chaudhry Pervaiz Ellahi and provincial Minister for Industries Ajmal Cheema to release Rs 200 million, approved for development work in Quaid-i-Azam Industrial Estate ph
Published 28 Mar, 2007 12:00am
Lawyers urged to boycott courts on April 3

Lawyers urged to boycott courts on April 3

The Lahore High Court Bar Association (LHCBA) in emergency meeting presided over by President Ehsan Bohan asked the bar members to boycott the courts on April 03 and reach Supreme Court building Islamabad.
Published 28 Mar, 2007 12:00am
Companies found guilty of copyright violations

Companies found guilty of copyright violations

A large Group of Companies located on Daska-Sialkot Road was inspected under the orders of the additional district judge Sialkot and it was found violating the copyright law by using pirated software on its computer network.
Published 28 Mar, 2007 12:00am
Albaraka assigned investment grade rating

Albaraka assigned investment grade rating

Standard and Poors (S&P) has assigned an investment grade rating to the Bahrain based international Islamic banking conglomerate, Albaraka Banking Group, which is the holding company of Al-Baraka Islamic Bank.
Published 28 Mar, 2007 12:00am
Albaraka assigned investment grade rating

Albaraka assigned investment grade rating

Standard and Poors (S&P) has assigned an investment grade rating to the Bahrain based international Islamic banking conglomerate, Albaraka Banking Group, which is the holding company of Al-Baraka Islamic Bank.
Published 28 Mar, 2007 12:00am
Former LHC judge S M Zubair passes away

Former LHC judge S M Zubair passes away

Former judge of the Lahore High Court S M Zubair passed away here on Tuesday. His funeral prayers were offered at Dar-ul-Salam Mosque after Asr prayers.
Published 28 Mar, 2007 12:00am
Hinopak, Mobil Askari hold 'Free Service Camp'

Hinopak, Mobil Askari hold 'Free Service Camp'

Hinopak and Mobil Askari Lubricants recently organised a two-day 'Free Service Camp' for Hino Trucks and Buses in Shirin Jinnah, Karachi. During the camp free servicing of Hino Trucks and Buses was given by the Hino experts. Hino Genuine spare parts were
Published 28 Mar, 2007 12:00am
Committee to revise DVM curricula

Committee to revise DVM curricula

Professor Dr Muhammad Nawaz vice-chancellor of the university of Veterinary and Animal Sciences Lahore has constituted a committee to suggest modifications in the curricula for DVM degree programme to bring it up to the international standards and modern
Published 28 Mar, 2007 12:00am
KASB Bank installs Misys equation system

KASB Bank installs Misys equation system

KASB Bank has successfully implemented the Misys Equation system installed by Misys Core Banking across its operations in 12 major cities in Pakistan. KASB Bank now provides its customers with a greater range of retail products and services - and a platfo
Published 28 Mar, 2007 12:00am
Transparency in working of parliamentary system urged

Transparency in working of parliamentary system urged

Pakistan parliament, now in the works, got huge endorsement for live telecasting of proceedings of the House at the concluding session of the Commonwealth Parliamentary Association conference here on Tuesday.
Published 28 Mar, 2007 12:00am
US government criticised for working against people's will

US government criticised for working against people's will

A former member of US Congress, Ms Cynthia Ann Mckinney, has strongly criticised the government of USA and said that it "is working against will and wishes of the people". Addressing members of Karachi Chamber of Commerce and Industry on Monday night, she
Published 28 Mar, 2007 12:00am
Expo Pakistan 2007 from March 29

Expo Pakistan 2007 from March 29

Preparations for the launch of Expo Pakistan 2007, scheduled from March 29 to April 1 at the Karachi Expo Centre, are under way to make the event a truly one stop sourcing event for foreign buyers and overall a resounding success from the exhibitors' poin
Published 28 Mar, 2007 12:00am
ANP terms bomb blast an attempt of target killing

ANP terms bomb blast an attempt of target killing

The provincial president of Awami National Party (ANP), Bashir Ahmad Bilour has termed the Monday bomb blast and injuring of the party former Senator, Syed Aqil Shah an attempt of target killing.
Published 28 Mar, 2007 12:00am
Jamaat-i-Islami concerned over Musharraf's Saudi Arabia visit

Jamaat-i-Islami concerned over Musharraf's Saudi Arabia visit

Jamaat-i-Islami has expressed serious concern at President Musharraf's visit to Saudi Arabia to attend the Arab League meeting this week. JI deputy chief Senator Professor Khurshid Ahmad expressed his apprehension that this meeting is being convened to pr
Published 28 Mar, 2007 12:00am
'Arrested PPP MPA be allowed to attend assembly session'

'Arrested PPP MPA be allowed to attend assembly session'

Pakistan People's Party Parliamentarian (PPPP) Punjab Information Secretary Farzana Raja addressing a press conference here Tuesday has asked the provincial administration to bring their party MPA Ashraf Khan Sona, who had been arrested recently, in the a
Published 28 Mar, 2007 12:00am
President leaves for Saudi Arabia

President leaves for Saudi Arabia

President General Pervez Musharraf on Tuesday left for Riyadh, Saudi Arabia to attend the Arab League Summit as a special guest. The President was seen off at the Chaklala airbase by Chairman Senate Muhammadmian Soomro, Joint Chiefs of Staff Committee, Ge
Published 28 Mar, 2007 12:00am
Strong economic policies lead to poverty, unemployment decline: ADB

Strong economic policies lead to poverty, unemployment decline: ADB

Pakistan's strong macroeconomic policies in recent years, high growth rates, increases in pro-poor spending, and burgeoning overseas Pakistani's remittances have all contributed to a steep decline in the incidence of poverty and the unemployment rate, say
Published 28 Mar, 2007 12:00am
Security to Unicef anti-polio teams assured

Security to Unicef anti-polio teams assured

NWFP Chief Secretary Sahibzada Riaz Noor while appreciating the financial and technical support extended by Unicef to the province in the areas of mother and child care, polio eradication, provision of clean drinking water to the population, held out an a
Published 28 Mar, 2007 12:00am
PPP not to remain aloof from lawyers struggle: Gilani

PPP not to remain aloof from lawyers struggle: Gilani

PPP Vice Chairman and former speaker, National Assembly, Syed Yousaf Raza Gilani said his party could not keep itself away from the legal fraternity, as the PPP leadership had joined lawyers rallies in Islamabad, Lahore and Karachi and paid tributes to th
Published 28 Mar, 2007 12:00am
Aiwan-e-Zaraat acting leaders appointed

Aiwan-e-Zaraat acting leaders appointed

Muhammad Abdullah Yousaf, Member Provincial Assembly from Gujrat and Chaudhry Muhammad Amin Chattah have been appointed as President and Secretary General of Aiwan-e-Zaraat Punjab by the government for an interim arrangement after the sad demise of Chaudh
Published 28 Mar, 2007 12:00am
Punjab Assembly session today

Punjab Assembly session today

Punjab Assembly session is being held on Wednesday (today) at 3:00pm. The session had been adjourned by speaker Afzal Sahi on February.
Published 28 Mar, 2007 12:00am
Punjab University results

Punjab University results

Punjab University has declared the results of M.A Persian Part-II annual examination 2006, M.A French Part-II annual examination 2006, M Sc. Space Science P-II annual examinations 2006, M.B.B.S second professional (reorganised scheme) annual examination 2
Published 28 Mar, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (March 27, 2007) and the forecast for Wednesday (March 28, 2007).
Published 28 Mar, 2007 12:00am
4227 income tax appeals disposed of in July-February period

4227 income tax appeals disposed of in July-February period

The Central Board of Revenue (CBR) has disposed of 4227 income tax appeals, against total 5486, reflecting pendency of 1259 appeals during July-February 2006-07. The latest data compiled by CBR Legal Wing showed that 18 Commissioners of Income Tax Appeals
Published 28 Mar, 2007 12:00am
New York cotton

New York cotton

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

Published 28 Mar, 2007 12:00am
Pakistan to award mandate for sovereign bond

Pakistan to award mandate for sovereign bond

Pakistan will issue a sovereign offshore bond this fiscal year ending on June 30 and a mandate to manage the transaction will be awarded this week, a senior government official said on Tuesday.
Published 28 Mar, 2007 12:00am
New York cotton

New York cotton

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

Published 28 Mar, 2007 12:00am
Pakistan to award mandate for sovereign bond

Pakistan to award mandate for sovereign bond

Pakistan will issue a sovereign offshore bond this fiscal year ending on June 30 and a mandate to manage the transaction will be awarded this week, a senior government official said on Tuesday.
Published 28 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 28 Mar, 2007 12:00am
Private investment sought for oil and gas resources development

Private investment sought for oil and gas resources development

Minister for Petroleum and Natural Resources Amanullah Khan Jadoon on Tuesday said that natural gas would dominate the 21st century as the cleanest fuel abundantly available globally. He observed these views while inaugurating a 2-day Annual Technical Con
Published 28 Mar, 2007 12:00am
Work on Chrah dam to start soon: Elahi

Work on Chrah dam to start soon: Elahi

Punjab Chief Minister Chaudhry Pervaiz Ellahi on Tuesday said work on Rs 3.5 billion Chrah dam would be started soon to address the irrigation and drinking water problems of the district.
Published 28 Mar, 2007 12:00am
Two housing schemes approved for government employees: minister

Two housing schemes approved for government employees: minister

The federal government has approved two separate housing schemes for government employees of grade 1-16 and 17-21 to provide them accommodation on ownership basis and at affordable price, said Hosing Minister Syed Safwanullah here on Tuesday.
Published 28 Mar, 2007 12:00am
Pakistan is model of free media in South Asia: Durrani

Pakistan is model of free media in South Asia: Durrani

Federal Minister for Information and Broadcasting Mohammad Ali Durrani said on Tuesday that Pakistan has become a model of free media in the entire South Asian region due to the bold initiatives taken by the government to make media more dynamic and profe
Published 28 Mar, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 27, 2007).

Published 28 Mar, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (March 27, 2007) and for Wednesday (March 28, 2007).
Published 28 Mar, 2007 12:00am
Minister takes aerial view for country's fourth port

Minister takes aerial view for country's fourth port

The federal minister for Ports and Shipping Babar Khan Ghauri took an aerial view of Sonmiani Bay to identify the site for country's proposed fourth port, the Allah Din Port, as announced earlier by President General Pervez Musharraf during the inaugural
Published 28 Mar, 2007 12:00am
LSE's UMS course from today

LSE's UMS course from today

Lahore Stock Exchange (LSE) Training Institute is going to start a new course on Understanding the Stock Market (UMS) from Wednesday (March 28). It is the first course of its kind, which is being launched in LSE, said Dr Shahid Zia, head of Training HR, R
Published 28 Mar, 2007 12:00am
'GCU programme aims at ensuring quality education'

'GCU programme aims at ensuring quality education'

The GC University, Lahore, in collaboration with Higher Education Commission (HEC), Pakistan, organised the inaugural ceremony of a six-day long 'Professional Development Programme' at GCU here on Monday.
Published 28 Mar, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 27, 2007).

Published 28 Mar, 2007 12:00am
Punjab government provides funds for special education

Punjab government provides funds for special education

Punjab government will establish institutes of special education at tehsil levels to uplift the status of special people. This was stated by provincial minister for special education Dr Tahir Ali Javed while addressing to the concluding session of two-day
Published 28 Mar, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 27, 2007).

Published 28 Mar, 2007 12:00am
BoK Sharia body meeting today

BoK Sharia body meeting today

The 12th meeting of the Sharia Supervisory Committee of the Bank of Khyber (BoK) will be held on Wednesday (March 28) at the bank's head office here.
Published 28 Mar, 2007 12:00am
NWFP chief minister for making polio campaign a success

NWFP chief minister for making polio campaign a success

NWFP Chief Minister Akram Khan Durrani has directed all the district administrations throughout the province to co-ordinate with the UNICEF for making the polio campaign in Frontier province a "success story".
Published 28 Mar, 2007 12:00am
THE RUPEE: dollar turns lower in money market

THE RUPEE: dollar turns lower in money market

The rupee shrugged off its overnight weakness against the dollar in the interbank market on Tuesday, gaining three paisa for buying and selling at Rs 60.68 and Rs 60.69, dealers said.
Published 28 Mar, 2007 12:00am
Hundreds of political workers held: Fakhar

Hundreds of political workers held: Fakhar

Former Speaker and PPP leader Syed Fakhar Imam said that government had arrested hundreds of political workers and leaders of the opposition parties to terrify and prevent them from taking part in protest rallies. He told the BBC that the police kept him
Published 28 Mar, 2007 12:00am
THE RUPEE: dollar turns lower in money market

THE RUPEE: dollar turns lower in money market

The rupee shrugged off its overnight weakness against the dollar in the interbank market on Tuesday, gaining three paisa for buying and selling at Rs 60.68 and Rs 60.69, dealers said.
Published 28 Mar, 2007 12:00am
Grays Leasing ratings maintained

Grays Leasing ratings maintained

The JCR-VIS Credit Rating Company has reaffirmed the entity ratings of Grays Leasing Limited (GLL) at 'BBB+/A-2' and the 'preliminary' medium to long-term rating of 'A-' (Single A minus) assigned to the secured and listed Term Finance Certificates (TFCs)
Published 28 Mar, 2007 12:00am
Modarabas: MODARABA AL-MALI - Year ended 30.06.2006

Modarabas: MODARABA AL-MALI - Year ended 30.06.2006

This one of the oldest and large modarabas of Pakistan and belongs to a reputed financial group. At the apex of the Board of Directors, sits, chairman S. Iradat Husain who is a banker and financial professional.
Published 28 Mar, 2007 12:00am
Grays Leasing ratings maintained

Grays Leasing ratings maintained

The JCR-VIS Credit Rating Company has reaffirmed the entity ratings of Grays Leasing Limited (GLL) at 'BBB+/A-2' and the 'preliminary' medium to long-term rating of 'A-' (Single A minus) assigned to the secured and listed Term Finance Certificates (TFCs)
Published 28 Mar, 2007 12:00am
Modarabas: MODARABA AL-MALI - Year ended 30.06.2006

Modarabas: MODARABA AL-MALI - Year ended 30.06.2006

This one of the oldest and large modarabas of Pakistan and belongs to a reputed financial group. At the apex of the Board of Directors, sits, chairman S. Iradat Husain who is a banker and financial professional.
Published 28 Mar, 2007 12:00am
300,000 youths trained on reproductive health

300,000 youths trained on reproductive health

The Reproductive Health Initiative for Youth in Asia (RHIYA) has achieved the target of training 300,000 youth regarding Adolescent Reproductive Health (ARH), Sexually Transmitted Infections (STIs), HIV/AIDS, sexual abuse, sexual violence and gender-based
Published 28 Mar, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (March 27, 2007).

Published 28 Mar, 2007 12:00am
'Pakistan facing distressing public health challenges'

'Pakistan facing distressing public health challenges'

Pakistan is facing a distressing public health challenges where about half of the population is under the age of 20 years and about 30 million people are in the category of adolescents between the age group of 10-19 years.
Published 28 Mar, 2007 12:00am
USAID provides $2.7 million for HIV and AIDS project

USAID provides $2.7 million for HIV and AIDS project

The Director of the United States Agency for International Development (USAID) in Pakistan, Jonathan Addleton, has provided 2.7 million dollar to Pakistan HIV and AIDS Prevention and Care Project (PHAPCP) by awarding grants to three organisations to help
Published 28 Mar, 2007 12:00am
UK attorney general meets law minister

UK attorney general meets law minister

An eight-member delegation led by Attorney General of UK, Lord Peter Goldsmith met Federal Minister for Law, Justice and Human Rights, Wasi Zafar and discussed various issues related to legal matters with him. The meeting lasted for about one hour.
Published 28 Mar, 2007 12:00am
UK attorney general meets law minister

UK attorney general meets law minister

An eight-member delegation led by Attorney General of UK, Lord Peter Goldsmith met Federal Minister for Law, Justice and Human Rights, Wasi Zafar and discussed various issues related to legal matters with him. The meeting lasted for about one hour.
Published 28 Mar, 2007 12:00am
Chinese foreign minister due on April 1

Chinese foreign minister due on April 1

Chinese Foreign Minister Li Zhaoxing will pay an official visit to Pakistan from April 1-2. The Foreign Ministry spokesman Qin Gang made this announcement here at the regular press briefing on Tuesday. He said that at the invitation of Foreign Minister Kh
Published 28 Mar, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (March 27, 2007).

Published 28 Mar, 2007 12:00am
Ayub Khan's diaries to be published

Ayub Khan's diaries to be published

A forthcoming book, Diaries (1967-72) of former Pakistan President Field Marshal Ayub Khan will be launched in two months, former foreign minister and NA Speaker Gohar Ayub Khan told Business Recorder on Monday night.
Published 28 Mar, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2007 12:00am
Qatar Airways launches two new destinations

Qatar Airways launches two new destinations

The latest moves in Qatar Airways' huge expansion across Asia and the Indian Sub-continent took off with flights from its base in Doha to Chennai (formerly known as Madras) and the tropical island of Bali.
Published 28 Mar, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Mar, 2007 12:00am
Microfinance helps reduce poverty: minister

Microfinance helps reduce poverty: minister

Federal Minister for Housing and Works, Syed Safwanullah has underlined the importance of microfinance and said that it can play pivotal role in reducing poverty and brining abut progress and prosperity in Pakistan.
Published 28 Mar, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Mar, 2007 12:00am
Traffic arrangements made for Chup Tazia

Traffic arrangements made for Chup Tazia

The traffic arrangements for the Second Chup Tazia being taken out in Karachi city tomorrow, have been announced by the Traffic Police. The Second Chup Tazia will be taken out from Rizvia Colony, and Golimar Chowrangi No 1.
Published 28 Mar, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 27, 2007).

Published 28 Mar, 2007 12:00am
Increased security demanded for Nishtar Park rally

Increased security demanded for Nishtar Park rally

Jamaat-e-Ahl-e-Sunnah Pakistan Karachi has demanded of the government to beef up security arrangements for the main rally and congregation at the Nishtar Park Karachi on the eve of 12 Rabi-ul-Awal.
Published 28 Mar, 2007 12:00am
Preparations for Eid Milad in full swing

Preparations for Eid Milad in full swing

Various religious, and social organisations have started preparations in the metropolis as the day of the 12 Rabi-ul-Awal is approaching nearer to facilitate Karachiites in celebrating the holy day with religious fervour and solemnity.
Published 28 Mar, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Mar, 2007 12:00am
National Seerat Conference on April 1

National Seerat Conference on April 1

National Seerat Conference 2007 will be held on April 1. According to a press release on Tuesday, a one-day National Seerat Conference, under the aegis of the Ministry of Religious Affairs Zakat and Ushr, will be held on 12th of Rabi-ul-Awwal at the Natio
Published 28 Mar, 2007 12:00am
'Religious minorities enjoying freedom'

'Religious minorities enjoying freedom'

Religious minorities in Pakistan enjoy unprecedented freedom and liberty and Pakistan is a role model for other South Asian countries with regard to welfare of minority communities.
Published 28 Mar, 2007 12:00am
GSK gets top MAP award

GSK gets top MAP award

GlaxoSmithKline Pakistan (GSK) has bagged the highest Corporate Excellence Award of the Management Association of Pakistan (MAP) in the overall business and industrial category.
Published 28 Mar, 2007 12:00am
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