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Print - 2007-05-09
'No progress without promoting women education'

'No progress without promoting women education'

Without promoting female education no country can aspire to achieve progress and prosperity. The wife of Japanese ambassador to Pakistan Tammy Kojima here told a conference on " Female Empowerment" organised by National Bank of Pakistan.
Published 09 May, 2007 12:00am
Farmers urged to develop indigenous breed of Sahiwal cow

Farmers urged to develop indigenous breed of Sahiwal cow

Dr Muhammad Younas, Department of Livestock Management, University of Agriculture, Faisalabad has urged farmers and breeders to raise Sahiwal Cow on their farms and encourage people to establish its nucleus herd and develop a pressure on the government to
Published 09 May, 2007 12:00am
Repatriation of Afghan DPs in full swing

Repatriation of Afghan DPs in full swing

The UNHCR-assisted voluntary repatriation of registered Afghans is in full swing and a large number of Afghans approaching Voluntary Repatriation Centres (VRCs).
Published 09 May, 2007 12:00am
Paddy crop to be sown over 4.39 million acres of land

Paddy crop to be sown over 4.39 million acres of land

Over 4.39 million acres of land would be brought under paddy crop in various rice growing areas of Punjab. Official sources told Business Recorder on Tuesday that Basmati would be sown on more than 3.679 million acres, while other verities of paddy
Published 09 May, 2007 12:00am
Transfers and postings of judges

Transfers and postings of judges

Chief Justice of the Lahore High Court (LHC) Iftikhar Hussain Chaudhry has transferred four judges. Mansoor Akbar Khokhar Sessions Judge has been transferred and placed at the disposal of Punjab government for his posting as Special Judge Anti-Corruption
Published 09 May, 2007 12:00am
Adliya Bachao Committee defers strike

Adliya Bachao Committee defers strike

Adliya Bachao Committee (ABC) has postponed its programme to hold hunger strike camp in the Lahore High Court Bar Associations (LHCBA) premises after the suspension of the proceedings of presidential reference before the Supreme Judicial Council.
Published 09 May, 2007 12:00am
LHC disposes of petition about missing kids

LHC disposes of petition about missing kids

The Lahore High Court disposed of a petition after it failed to recover two deaf children and observed that if petitioner, the father of the minors finds any evidence or clue about his children from any quarters, he might file a petition before the concer
Published 09 May, 2007 12:00am
Foundation stone laying of PIC's new OPD today

Foundation stone laying of PIC's new OPD today

The Punjab Chief Minister, Chaudhry Pervaiz Elahi, is laying the foundation stone of new OPD and residential block of Punjab Institute of Cardiology (PIC), on Wednesday, May 9 at 10.30 am. Sources in PIC said here on Tuesday.
Published 09 May, 2007 12:00am
Sindh government to support any bill on screening of thalassaemia

Sindh government to support any bill on screening of thalassaemia

Sindh government would seriously contemplate to support bill, moved by any of the provincial assembly member, for mandatory screening of all would-be mothers with family history of thalassaemia. Sindh Health Minister Syed Sardar Ahmed said this while talk
Published 09 May, 2007 12:00am
Lesco energises consumers' brains!

Lesco energises consumers' brains!

Believe it or not but it is an astonishing fact that Lahore Electricity Supply Company (Lesco) is sending electricity bill to even those citizens who have no electricity connection. This fact came to light when Muhammad Naeem Akthar, a resident of Mughalp
Published 09 May, 2007 12:00am
Azhar appointed Descon managing director

Azhar appointed Descon managing director

Sheikh Azhar Ali has been appointed as the new Managing Director and Chief Executive Officer of Descon Engineering Limited. 'Business Recorder 'learnt this on Tuesday. Ali has been with the company well over decade and has served the Company in Pakistan a
Published 09 May, 2007 12:00am
FPCCI budget presentation

FPCCI budget presentation

Chairman of FPCCI Standing Committee on Direct Taxes and Budget 2007, Mirza Ikhtiar Baig, has been nominated to give presentation on proposals and recommendations for the forthcoming budget before the Senate Standing Committee on Finance, Revenue and Econ
Published 09 May, 2007 12:00am
FPCCI budget presentation

FPCCI budget presentation

Chairman of FPCCI Standing Committee on Direct Taxes and Budget 2007, Mirza Ikhtiar Baig, has been nominated to give presentation on proposals and recommendations for the forthcoming budget before the Senate Standing Committee on Finance, Revenue and Econ
Published 09 May, 2007 12:00am
Rs 15 billion being spent on safe water schemes

Rs 15 billion being spent on safe water schemes

Punjab government has devised a strategy to ensure the provision of safe and clean drinking water to the masses across the province at a cost of Rs 15 billion. Punjab Minister for Environment Dr Anjum Amjad was talking to a delegation of social welfare or
Published 09 May, 2007 12:00am
Wheat procurement going apace

Wheat procurement going apace

Punjab Minister for Food, Hussain Jehanian Gardezi has said that wheat procurement process is going on smoothly in the province and the directorate of food has procured 1.3 million tons of wheat till date. Talking to journalists here on Tuesday, he also d
Published 09 May, 2007 12:00am
'Poverty reduced by 11 percent due to economic policies'

'Poverty reduced by 11 percent due to economic policies'

Poverty has reduced by 11 percent due to the comprehensive economic policies of present government and 3 million jobs have also been created during the last three years; reforms have been introduced in all departments to provide basic facilities to common
Published 09 May, 2007 12:00am
Electric inspectors directed to submit progress report

Electric inspectors directed to submit progress report

Punjab Minister for Power Chaudhry Armaghan Subhani has directed Electric Inspectors to submit an up-to-date report on the progress of Independent Power Producers, Small Power Producers, Prime and Stand-by generators after the expiry of 40 days of the ass
Published 09 May, 2007 12:00am
BHC summons Lahore jail official, MS Hospital

BHC summons Lahore jail official, MS Hospital

A division bench of Balochistan High Court (BHC) here on Tuesday summoned the Superintendent District Jail Lahore and Medical Superintendent of Ehsan Mumtaz Hospital Lahore for May 14 along with entire record regarding shifting of Shaikh Islam from the di
Published 09 May, 2007 12:00am
SHC maintains interim fresh milk price at Rs 32 per litre

SHC maintains interim fresh milk price at Rs 32 per litre

Overruling the notification of City District Government Karachi (CDGK) regarding fixation of fresh milk price the Sindh High Court (SHC) maintained interim retail and wholesale milk prices, that had been earlier fixed by the court at Rs 32 and Rs 30 per l
Published 09 May, 2007 12:00am
AAML and BoP sign accord

AAML and BoP sign accord

Atlas Asset Management Limited (AAML) and the Bank of Punjab on Tuesday signed distribution agreement for AAML's Mutual Funds. Present on the occasion were bank's President Hamesh Khan, GM Finance Nadeem Aamir, Head of Credit Policy Salman Saeed and GM Cr
Published 09 May, 2007 12:00am
AAML and BoP sign accord

AAML and BoP sign accord

Atlas Asset Management Limited (AAML) and the Bank of Punjab on Tuesday signed distribution agreement for AAML's Mutual Funds. Present on the occasion were bank's President Hamesh Khan, GM Finance Nadeem Aamir, Head of Credit Policy Salman Saeed and GM Cr
Published 09 May, 2007 12:00am
Chief Justice manhandling: Supreme Court reserves judgement

Chief Justice manhandling: Supreme Court reserves judgement

The Supreme Court on Tuesday reserved the judgement in the case of manhandling of the Chief Justice Iftikhar Muhmmad Chaudhry on March 13. A bench of the apex court comprising Acting Chief Justice Mr Justice Rana Baghwandas, Justice Tassadduque Hussain Ji
Published 09 May, 2007 12:00am
Rao Sikander admitted to PIC

Rao Sikander admitted to PIC

Rao Sikander Iqbal Defence Minister of Pakistan who was admitted to Punjab Institute of Cardiology Monday in critical condition is now improving and his ventilators were taken off during the day. Defense Minister would undergo angiography on further impro
Published 09 May, 2007 12:00am
Call to check rise in number of street children

Call to check rise in number of street children

Executive Director, NGO-Pahchaan and Coordinator of a project "Bachay Sab Day Sanjhay" Sarah Asad, while expressing grave concern over sudden surge in the number of street children in the provincial metropolis of Lahore, has called upon the government as
Published 09 May, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (May 08, 2007) and the forecast for Wednesday (May 09, 2007).
Published 09 May, 2007 12:00am
Services of Hamdard Foundation lauded

Services of Hamdard Foundation lauded

Lauding the services of Hamdard Foundation in the fields of health, education, literature and culture, Senator S M Zafar has said that services being rendered by Hamdard are matter of pride for the nation.
Published 09 May, 2007 12:00am
New York cotton

New York cotton

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

Published 09 May, 2007 12:00am
CBR official dismissed for misconduct

CBR official dismissed for misconduct

The Central Board of Revenue (CBR) has dismissed Ihsanullah from services as senior auditor of Collectorate of Sales Tax and Federal Excise, Peshawar on charges of inefficiency and misconduct.
Published 09 May, 2007 12:00am
New York cotton

New York cotton

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

Published 09 May, 2007 12:00am
Power load management schedule hits business: RCCI

Power load management schedule hits business: RCCI

Load Management Schedule of the government would have negative impact on business of the country, said Dr Hasan Sarosh Akram, president, Rawalpindi Chamber of Commerce and Industry (RCCI) on Tuesday.
Published 09 May, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
Two fire fighters burnt alive

Two fire fighters burnt alive

Two fire fighters were burnt alive while dousing fire at a textile unit near here on Tuesday. According to police, fire broke out in Rejection Godown of Azroo Textile Mills situated on the first floor of the building due to short-circuiting of power line.
Published 09 May, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
Agencies fear suicide attack on PTCL installations

Agencies fear suicide attack on PTCL installations

Intelligence agencies have warned the PTCL management that terrorists and suicide bombers have planned attacks on PTCL installations and telephone exchanges and challenge the writ of the government. In a letter intelligence agencies have warned that terro
Published 09 May, 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 09 May, 2007 12:00am
Rs 710 million gas project to be inaugurated soon

Rs 710 million gas project to be inaugurated soon

The Sui gas project Mailsi, being completed at a cost of Rs 710 million, will be inaugurated in the near future. National Assembly member and Pakistan Muslim League leader Azhar Khan Yousufzai on Tuesday told newsmen here that the gas supply had been the
Published 09 May, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
Teachers body threatens to boycott schools

Teachers body threatens to boycott schools

The Punjab Teachers' Union on Tuesday announced to boycott schools across the province and stage a protest demonstration in front of Multan Press Club on May 15, which would be attended by the teachers of Southern Punjab.
Published 09 May, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (May 08, 2007) and for Wednesday (May 09, 2007).
Published 09 May, 2007 12:00am
Punjab University selection board meets

Punjab University selection board meets

Punjab University Selection Board in a meeting held on Tuesday approved up-gradation of 436 posts of university teachers ie lecturers, assistant professor, associate professor and professors one step above according to the criteria and procedures prescrib
Published 09 May, 2007 12:00am
Punjab University signs MoUs with Bangladesh universities

Punjab University signs MoUs with Bangladesh universities

Punjab University Lahore on Tuesday signed two memoranda of understanding (MoUs) with the Chittagong University and Rajshahi University of Bangladesh to extend collaboration in the field of education.
Published 09 May, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
PESR project worth Rs 24 billion to be launched

PESR project worth Rs 24 billion to be launched

Five-year President Education Sector Reforms (PESR) project which will cost over Rs 24 billion will be launched in all parts of the country with a purpose to provide basic facilities in thousands of schools from primary to elementary level.
Published 09 May, 2007 12:00am
Action against unregistered private schools on cards

Action against unregistered private schools on cards

Minister for Education Lieutenant General Javed Ashraf Qazi (Retd) on Tuesday said that the government would take action against private educational institutions in the capital which fail to get registered with regulatory authority till May 15.
Published 09 May, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
1000 PPP activists detained in Punjab

1000 PPP activists detained in Punjab

Punjab police have detained more than 1,000 PPP activists from the province to avert more rallies in support of the Chief Justice of Pakistan, PPP leader Khawaja Rizwan Alam allegedly said on Tuesday.
Published 09 May, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
'Imposition of emergency to erode national security'

'Imposition of emergency to erode national security'

The Opposition parties on Tuesday said the plan to impose emergency showed that situation had slipped out of control of the government. They warned against repeating the mistakes. The situation is not so worst that an emergency is imposed in the country,
Published 09 May, 2007 12:00am
Government trying to scare people: PML-N

Government trying to scare people: PML-N

Central Secretary Finance Pakistan Muslim League (PML-N), Muhammad Pervez Malik has said that government is trying to influence the situation created by the President Pervez Musharraf's controversial action of suspending Chief Justice of Pakistan Iftikhar
Published 09 May, 2007 12:00am
APCMA applying for licence under TOO-2006

APCMA applying for licence under TOO-2006

All Pakistan Cement Manufacturers Association (APCMA) has decided to get registered under Trade Organisation Ordinance, 2006. According to a communication, a member of the Association said that licence granted to trade organisations under section 3 of the
Published 09 May, 2007 12:00am
THE RUPEE: dollar unchanged

THE RUPEE: dollar unchanged

Firm trend was seen in the interbank market on Tuesday as the rupee almost maintained its overnight levels against dollar for buying and selling at Rs 60.59 and RS 60.60, respectively. The rupee held its last levels as dollars' supply has eased and it is
Published 09 May, 2007 12:00am
Pakistan to receive C-130 avionics kits from US

Pakistan to receive C-130 avionics kits from US

Rockwell Collins Inc is assigned to deliver Pakistan with five C-130 avionics (Group B) kits, which will be used to upgrade transport aircrafts and enhance aircraft operational capabilities. The award was given to Rockwell Collins Inc by United States Air
Published 09 May, 2007 12:00am
THE RUPEE: dollar unchanged

THE RUPEE: dollar unchanged

Firm trend was seen in the interbank market on Tuesday as the rupee almost maintained its overnight levels against dollar for buying and selling at Rs 60.59 and RS 60.60, respectively. The rupee held its last levels as dollars' supply has eased and it is
Published 09 May, 2007 12:00am
Pakistan to receive C-130 avionics kits from US

Pakistan to receive C-130 avionics kits from US

Rockwell Collins Inc is assigned to deliver Pakistan with five C-130 avionics (Group B) kits, which will be used to upgrade transport aircrafts and enhance aircraft operational capabilities. The award was given to Rockwell Collins Inc by United States Air
Published 09 May, 2007 12:00am
Insurance: SHAHEEN INSURANCE COMPANY LIMITED - Year Ended 31-12-2006

Insurance: SHAHEEN INSURANCE COMPANY LIMITED - Year Ended 31-12-2006

The year 2006, was another year of success for the company. Underwriting (Results) profitability of the company increased by 25.9% to Rs 68.4 million in year 2006 as compared to Rs 54.30 million for the year 2005. Pre-tax profit increased by 2.8% to Rs 59
Published 09 May, 2007 12:00am
Cabinet to approve defence pacts with 10 states today

Cabinet to approve defence pacts with 10 states today

The federal cabinet which is scheduled to meet on Wednesday (today) with Prime Minister Shaukat Aziz in the chair, will accord approval of defence co-operation agreements with ten countries, official sources told Business Recorder here Tuesday.
Published 09 May, 2007 12:00am
Insurance: SHAHEEN INSURANCE COMPANY LIMITED - Year Ended 31-12-2006

Insurance: SHAHEEN INSURANCE COMPANY LIMITED - Year Ended 31-12-2006

The year 2006, was another year of success for the company. Underwriting (Results) profitability of the company increased by 25.9% to Rs 68.4 million in year 2006 as compared to Rs 54.30 million for the year 2005. Pre-tax profit increased by 2.8% to Rs 59
Published 09 May, 2007 12:00am
Cabinet to approve defence pacts with 10 states today

Cabinet to approve defence pacts with 10 states today

The federal cabinet which is scheduled to meet on Wednesday (today) with Prime Minister Shaukat Aziz in the chair, will accord approval of defence co-operation agreements with ten countries, official sources told Business Recorder here Tuesday.
Published 09 May, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
Pakistan and Nato share common objective of peace: Shaukat

Pakistan and Nato share common objective of peace: Shaukat

Prime Minister Shaukat Aziz says Pakistan and Nato have common objectives of ensuring peace and stability at regional as well as global level. He said this while talking to Nato Secretary General Jaap de Hoop Cheffer who called on him here on Tuesday.
Published 09 May, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
Scheffer calls on Musharraf

Scheffer calls on Musharraf

President General Pervez Musharraf on Tuesday said Pakistan and Nato were partners in supporting stability in the region and in the fight against terrorism and reconstruction was the key to durable peace in Afghanistan. The President was talking to Nato S
Published 09 May, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 May, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 May, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 May, 2007 12:00am
Bill moved in National Assembly for compulsory education

Bill moved in National Assembly for compulsory education

National Assembly on Tuesday admitted a bill moved by the opposition to make law for compulsory schooling of every child above the age of six. The bill, moved jointly by Pakistan Peoples Party Parliamentarians and Muttahida Majlis-i-Amal, was admitted and
Published 09 May, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (May 08, 2007).

Published 09 May, 2007 12:00am
National Assembly rejects bill to amend blasphemy law amid uproar

National Assembly rejects bill to amend blasphemy law amid uproar

Amid rowdy scenes, the National Assembly on Tuesday rejected a bill proposed by a minority member to amend the blasphemy law. Speaker Amir Hussain came under fire by Parliamentary Affairs Minister Sher Afgan Niazi, who said the chair should have never adm
Published 09 May, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

For the first time in 21 years history, the National Assembly met on time at 10 o'clock on Tuesday. Both Speaker Chaudhry Amir Hussain and M. P. Bhandara must be credited for engineering this pleasant change. M. P. Bhandara had remonstrated with the Speak
Published 09 May, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 May, 2007 12:00am
Karachi sizzles

Karachi sizzles

Karachiites of Tuesday endured the hottest day of the current summer with maximum temperature touching 40.6 degree Celsius, Met Office said. The Met Office has forecast a hot and dry weather with occasional gusty winds for the metropolis for next 24 hours
Published 09 May, 2007 12:00am
Foreign TV channels decried for maligning Pakistani journalists

Foreign TV channels decried for maligning Pakistani journalists

Pakistani media leaders and lawyer on Tuesday condemned the attempt of various local and international television channels to malign Pakistan's journalists covering Cricket World Cup, showing them as suspect in the alleged murder of Pakistan Coach, Bob Wo
Published 09 May, 2007 12:00am
'Government fails to control under-invoicing'

'Government fails to control under-invoicing'

Under-invoicing in imports from China has increased to $1 billion during the last financial year which is a big challenge to the government that has failed to check the menace of smuggling and under-invoicing.
Published 09 May, 2007 12:00am
National Assembly refers plot allotment issue to Interior panel

National Assembly refers plot allotment issue to Interior panel

The National Assembly on Tuesday referred the issue of alleged irregular allotment of plots in Islamabad Capital Territory (ICT) by the government to some federal secretaries, NGOs and a private organisation to the Standing Committee on Interior.
Published 09 May, 2007 12:00am
Traders observe hunger strike

Traders observe hunger strike

Traders bodies on Tuesday observed hunger strike at Karachi Press Club and declared that they would not abide by the government decision of closing the shops at 8.00pm as energy conservation measure. They also warned of a city-wide protest and demonstrati
Published 09 May, 2007 12:00am
Qatar Airways spreads wings to US

Qatar Airways spreads wings to US

Qatar Airways on Tuesday unveiled further details of its summer expansion programme, which sees the airlines award-winning Five Star service spread to the United States for the first time.
Published 09 May, 2007 12:00am
Maliha joins Grand Mercure Hotel

Maliha joins Grand Mercure Hotel

Ms Maliha Sami Hussain has joined Grand Mercure Hotel Karachi as 'Manager Marketing and Public Relations' recently in Sales and Marketing Department, says a press release. She has been working previously at Karachi Sheraton Hotel and Towers in Marketing a
Published 09 May, 2007 12:00am
City lawyers all set to receive CJP

City lawyers all set to receive CJP

City lawyers on Tuesday gave final touches to their programme to receive Chief Justice Iftikhar Mohammed Chaudhry when he arrives here on Saturday to address the Malir Bar Association, Karachi Bar Association and the Sindh Bar Council.
Published 09 May, 2007 12:00am