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Print - 2007-06-26
New York cotton

New York cotton

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

Published 26 Jun, 2007 12:00am
World day against drugs

World day against drugs

International day against drugs will be observed on June 26 all over the world including Pakistan. The day would be held coupled with Anti-Narcotics Drugs Week that has proceeded from June 22-26 under the auspices of Anti-Narcotics Force (ANF) Rawalpindi.
Published 26 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 26 Jun, 2007 12:00am
Hepatitis spreading rapidly in Sialkot district

Hepatitis spreading rapidly in Sialkot district

The authorities of local health office have declared Hepatitis B and C spreading situation as alarming in the district and confirmed that it is spreading rapidly due to lack of awareness and preventive measures.
Published 26 Jun, 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 26 Jun, 2007 12:00am
Five killed in road accident

Five killed in road accident

A Peshawar bound bus met a fatal accident on Indus Highway on Monday leaving five passengers dead and many hurt and they were hospitalised. According to a private TV channel, the bus was coming from Karachi for Peshawar and driver could not maintain his c
Published 26 Jun, 2007 12:00am
'Pakistan on road to progress, prosperity'

'Pakistan on road to progress, prosperity'

The present assemblies are completing their tenure for the first time in the country's history, which reflects the people's confidence in the present Pakistan Muslim League (PML) government, and augers well for the party's position in the coming polls, ow
Published 26 Jun, 2007 12:00am
KASB Securities assigned A+, A1 ratings

KASB Securities assigned A+, A1 ratings

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the long-term rating of "A+" (Single A plus) and the short-term rating of "A1" (A one) of KASB Securities Limited. These ratings indicate a low expectation of credit risk and a strong capaci
Published 26 Jun, 2007 12:00am
KASB Securities assigned A+, A1 ratings

KASB Securities assigned A+, A1 ratings

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the long-term rating of "A+" (Single A plus) and the short-term rating of "A1" (A one) of KASB Securities Limited. These ratings indicate a low expectation of credit risk and a strong capaci
Published 26 Jun, 2007 12:00am
Action ordered against illegal plazas

Action ordered against illegal plazas

Provincial Minister for Housing and Urban Development Syed Raza Ali Gillani has taken a serious notice of illegal plazas in the provincial capital constructed without obtaining no objection certificates (NOCs).
Published 26 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Pacra maintains MCB Bank ratings

Pacra maintains MCB Bank ratings

The Pakistan credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of MCB Bank Limited at "AA+" (Double A plus) and "A1+" (A one plus) respectively.
Published 26 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (June 25, 2007) and for Tuesday (June 26, 2007).
Published 26 Jun, 2007 12:00am
Pacra maintains MCB Bank ratings

Pacra maintains MCB Bank ratings

The Pakistan credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of MCB Bank Limited at "AA+" (Double A plus) and "A1+" (A one plus) respectively.
Published 26 Jun, 2007 12:00am
East West Insurance Company assigned 'A-' rating

East West Insurance Company assigned 'A-' rating

The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of East West Insurance Company Limited (EWI) at A- (Single A Minus). The rating denotes strong capacity to meet policyholder and contract obligations.
Published 26 Jun, 2007 12:00am
East West Insurance Company assigned 'A-' rating

East West Insurance Company assigned 'A-' rating

The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of East West Insurance Company Limited (EWI) at A- (Single A Minus). The rating denotes strong capacity to meet policyholder and contract obligations.
Published 26 Jun, 2007 12:00am
10,000 tonnes onion exported to three states

10,000 tonnes onion exported to three states

Almost 1,000 tonnes of onion was dispatched to Sri Lanka, Dubai and Muscat as Pakistan has started export of the onion grown in Balochistan. The country has exported onion worth Rs 10.37 million to the three countries after getting a 1,000 tonnes per week
Published 26 Jun, 2007 12:00am
Acting KCCI president

Acting KCCI president

Saqib Naseem, Vice President of the Karachi Chamber of Commerce and Industry (KCCI) will act as a President. In may be mentioned that President Majyd Aziz, who already left abroad and now Senior Vice President/ Acting President A Abdullah Zaki is also lef
Published 26 Jun, 2007 12:00am
NJPMC considers TI report on corruption in government departments

NJPMC considers TI report on corruption in government departments

The National Judicial (Policy Making) Committee (NJPMC) meeting held on June 23 in the Supreme Court Building here under the chairmanship of Justice Rana Bhagwandas, Acting Chief Justice of Pakistan/Chairman, NJPMC, said a press release.
Published 26 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
LHC adjourns IMAX Theatre's proceeding

LHC adjourns IMAX Theatre's proceeding

The Lahore High Court has adjourned the proceeding of multi-million IMAX Theatre, at Mini Market Ground, Gulberg till June 27 in a constitutional petition challenging its construction.
Published 26 Jun, 2007 12:00am
Notices issued to home secretary, IG in harassment case

Notices issued to home secretary, IG in harassment case

Sindh High Court (SHC) on Monday issued notice to Sindh Home Secretary, IG Sindh Police, SHO PS Saudabad and others for July 2 on petition filed against harassing a newly married girl and quashment of FIR lodged against her husband.
Published 26 Jun, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Sending judges on compulsory leave is dead law: Aitzaz

Sending judges on compulsory leave is dead law: Aitzaz

The 13-member full bench of the Supreme Court resumed hearing of the Chief Justice Iftikhar Mohammad Chaudhary's petition challenging the legality of the President's reference and sending him on forced leave on Monday.
Published 26 Jun, 2007 12:00am
A, A1 ratings assigned to Arif Rupali Bank

A, A1 ratings assigned to Arif Rupali Bank

PACRA has recently assigned initial ratings to Arif Habib Rupali Bank Limited (Long-term: A. Short-term: A1). While assigning these ratings. PACRA had recognised the positive impact of the proposed merger of Arif Habib Securities Limited (AHSL) with and i
Published 26 Jun, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
A, A1 ratings assigned to Arif Rupali Bank

A, A1 ratings assigned to Arif Rupali Bank

PACRA has recently assigned initial ratings to Arif Habib Rupali Bank Limited (Long-term: A. Short-term: A1). While assigning these ratings. PACRA had recognised the positive impact of the proposed merger of Arif Habib Securities Limited (AHSL) with and i
Published 26 Jun, 2007 12:00am
FPCCI grieved over loss of lives

FPCCI grieved over loss of lives

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed grief and sorrow over the colossal loss of human lives in Saturday's thunderstorm.
Published 26 Jun, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
CDGK to set up zonal office in KIA: Kamal

CDGK to set up zonal office in KIA: Kamal

Nazim Karachi Syed Mustafa Kamal has said the city government is establishing its zonal office and subsidiary departments in Korangi Industrial Area (KIA) to resolve basic problems there. He was speaking at a reception held by Korangi Tanneries Associatio
Published 26 Jun, 2007 12:00am
Railways to start e-ticketing from July 20

Railways to start e-ticketing from July 20

Pakistan Railways has planned to start issuing 'e-ticketing' from July 20 this year for all categories across the country. This would help the railways computerise 98 percent of all of its ticketing including passengers and freight booking through credit
Published 26 Jun, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
'UBL raises $565 million through GDRs'

'UBL raises $565 million through GDRs'

The United Bank Limited (UBL) has successfully raised $565 million for the government of Pakistan, through the issue of 43,987,773 GDRs (Global Depository Receipts).
Published 26 Jun, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Strike observed on call of JSQM

Strike observed on call of JSQM

Complete strike was observed in Qasimabad and other areas including Tando Wali Muhammad, Hur Camp, Baldia, Marvi Town, Husri, Hatri, Tando Jam and surrounding areas on Monday on the call of Jeay Sindh Qaumi Mahaz against continued disappearance of nationa
Published 26 Jun, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Microfinance scheme to help check poverty

Microfinance scheme to help check poverty

Al-Khidmat Foundation Pakistan in collaboration with NGO-Akhuwat will issue interest free loans under microfinance scheme to check poverty. The decision was taken in a meeting of the Foundation held under the chairmanship of Jamaat-e-Islami Pakistan Amir,
Published 26 Jun, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 16th June 2007.

Published 26 Jun, 2007 12:00am
Rs 4.779 billion hotel financing deal signed

Rs 4.779 billion hotel financing deal signed

A signing ceremony for the largest hotel financing in the history of Pakistan was held here on Monday for the Avari Islamabad Hotel Project. This has a total project cost of Rs 4.779 billion, which is being financed through Rs 3.750 billion rated privatel
Published 26 Jun, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 16th June 2007.

Published 26 Jun, 2007 12:00am
Council of Elders to discuss political situation

Council of Elders to discuss political situation

A meeting of a 'Council of Elders' will be held here in the first week of July to deliberate upon the ongoing political situation and suggest ways to overcome the current stalemate. The council comprise senior politicians, social workers, journalists and
Published 26 Jun, 2007 12:00am
'Gehwara' centres being set up for destitute kids

'Gehwara' centres being set up for destitute kids

'Gehwara' state-of-the-art centres for destitute children are being established at Lahore and Multan at a cost of Rs 34.412 million, while the capacity of the existing Women Development Centre in Model Town will be enhanced at a cost of Rs 128.837 million
Published 26 Jun, 2007 12:00am
Insufficient donations: 32,367 patients deprived of treatment

Insufficient donations: 32,367 patients deprived of treatment

Provincial Zakat Council has sent the case of provision of Zakat fund of Rs 20 million to the Fatima Memorial Hospital (FMH) to Central Zakat Council in the light of report submitted by the committee constituted to fix the Estahqaq of the hospital.
Published 26 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
No ticket for turncoats: PPP

No ticket for turncoats: PPP

Pakistan People's Party (PPP) has decided to deny party tickets for the coming elections to 'turncoats' and candidates who lost the last three elections back-to-back and ideological, efficient, and capable workers would be accommodated, said Khalid Hanif
Published 26 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
'Nobody can stop Benazir from coming back to motherland'

'Nobody can stop Benazir from coming back to motherland'

Pakistan People's Party (PPP) on Monday expressed grave concern over the statement of Federal Minister for Religious Affairs Ijaz-ul-Haq against former Prime Minister Benazir Bhutto describing it inherited enmity from his father General Zia-ul-Haq who han
Published 26 Jun, 2007 12:00am
PPP says cases against Lal Masjid clerics welcome only if...

PPP says cases against Lal Masjid clerics welcome only if...

Former Interior Minister and a central PPP leader Major General Naseerullah Babar (Retd) has said cases against Lal Masjid clerics under terrorism laws would be welcomed only if the government pursues it vigorously and responsible elements punished.
Published 26 Jun, 2007 12:00am
CJP has awakened whole nation: Hashmi

CJP has awakened whole nation: Hashmi

Pakistan Muslim League-Nawaz (PML-N) Acting President Makhdoom Javed Hashmi has said that Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has awakened the whole nation which was lip-tightened and asleep for the last eight years and now freedom of jud
Published 26 Jun, 2007 12:00am
THE RUPEE: ratio unchanged in interbank market

THE RUPEE: ratio unchanged in interbank market

Firmness prevailed in the currency market on Monday as the rupee held its week-end level against dollar for buying and selling at Rs 60.61 and Rs 60.63, dealers said.
Published 26 Jun, 2007 12:00am
Pak-US ties vital: Kasuri

Pak-US ties vital: Kasuri

Pakistan Foreign Minister Mahmood Kasuri told the Voice of America Urdu Service today that the current hearings in the Pakistan Supreme Court and the reference to the Supreme Judicial Council had in no way affected the confidence of foreign investment in
Published 26 Jun, 2007 12:00am
THE RUPEE: ratio unchanged in interbank market

THE RUPEE: ratio unchanged in interbank market

Firmness prevailed in the currency market on Monday as the rupee held its week-end level against dollar for buying and selling at Rs 60.61 and Rs 60.63, dealers said.
Published 26 Jun, 2007 12:00am
Persian language classes in Peshawar from July 1

Persian language classes in Peshawar from July 1

The Cultural Centre of Islamic Republic of Iran in Peshawar will start the Persian language classes from July 1, 2007. The classes would be conducted at the Imam Khomeini Block of the Khana-e-Farhang-e-Islami Jamhoori Iran, Sir Syed Road, Peshawar Cantt i
Published 26 Jun, 2007 12:00am
Lawyers observe token strike

Lawyers observe token strike

The lawyers' community observed token strike here on Monday to protest against suspension of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry. The lawyers did not appear before the courts from 10.30 am to 11.30 am.
Published 26 Jun, 2007 12:00am
CBR enhances record keeping period from 3 to 5 years

CBR enhances record keeping period from 3 to 5 years

The Central Board of Revenue (CBR) has enhanced the record keeping period from 3 to 5 years to detect sales tax frauds, including bogus refund cases through post-refund audit of the last five years.
Published 26 Jun, 2007 12:00am
Modaraba: FIRST HABIB BANK MODARABA - Half Year Ended December 31 2006

Modaraba: FIRST HABIB BANK MODARABA - Half Year Ended December 31 2006

It is a multipurpose, perpetual Modaraba floated in Pakistan on March 16, 1991 and is currently engaged in the Shari'a compliant financial products such as leasing, Murabaha, Musharaka financing and other related business. It is managed by Habib Bank Fina
Published 26 Jun, 2007 12:00am
Pakistan condemns civilian killings by Nato

Pakistan condemns civilian killings by Nato

Pakistan has condemned and protested to the Nato-led forces in Afghanistan over the missile fired by International Security Assistance Force (ISAF) that hit a building inside Pakistan killing more than 10 civilians.
Published 26 Jun, 2007 12:00am
Modaraba: FIRST HABIB BANK MODARABA - Half Year Ended December 31 2006

Modaraba: FIRST HABIB BANK MODARABA - Half Year Ended December 31 2006

It is a multipurpose, perpetual Modaraba floated in Pakistan on March 16, 1991 and is currently engaged in the Shari'a compliant financial products such as leasing, Murabaha, Musharaka financing and other related business. It is managed by Habib Bank Fina
Published 26 Jun, 2007 12:00am
'Negative attitude of Indian leadership may escalate tension'

'Negative attitude of Indian leadership may escalate tension'

Negative statements of Indian leadership on Kashmir issue, would derail the peace process and cause tension between India and Pakistan said Abdul Hameed Lone, senior leader of All Parties Hurriyat Conference (APHC-AJK Chapter) and Convenor Islamic Politic
Published 26 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
PBA to present code to ministry in 15 days

PBA to present code to ministry in 15 days

The Pakistan Broadcasters Association (PBA) confirmed that it will present the final Voluntary Self-Regulating Code of Conduct to the information and broadcasting minister in 15 days, after constitutional and legal vetting by its counsel.
Published 26 Jun, 2007 12:00am
Basic health units being provided medicines and doctors: minister

Basic health units being provided medicines and doctors: minister

The Minister for Industries and Production, Jahangir Khan Tareen, has said that the BHUs (Basic Health Units) are being revamped and are provided with medicines and doctors to ensure basic healthcare facilities to the people in rural areas.
Published 26 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Shaukat for early action in rain-hit areas

Shaukat for early action in rain-hit areas

Prime Minister Shaukat Aziz on Monday asked the Sindh government to take all necessary measures to help the people affected by the recent storms in Karachi and other parts of the province. The Prime Minister was talking Sindh Chief Minister Dr Arbab Ghula
Published 26 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jun, 2007 12:00am
Seminar on Rehman Baba today

Seminar on Rehman Baba today

Provincial Co-ordination Minister Saleem Saifullah will inaugurate national seminar on the legendary Sufi Pushto poet Rehman Baba (1863-1711 ) at the Allama Iqbal Open University (AIOU) on Tuesday.
Published 26 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Jun, 2007 12:00am
Radio programmes on HIV and Aids launched

Radio programmes on HIV and Aids launched

The National Aids Control Programme, Ministry of Health in collaboration with Pakistan Broadcasting Corporation (PBC) has launched series of radio programmes on HIV & Aids under its National Behaviour Change Communication project, says a press release iss
Published 26 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 25, 2007).

Published 26 Jun, 2007 12:00am
Poultry industry in critical stage: RCCI chief

Poultry industry in critical stage: RCCI chief

Poultry industry is passing through a crucial stage warranting government's special attention, said Dr Hasan Sarosh Akram, President, Rawalpindi Chamber of Commerce and Industry (RCCI) here on Monday. He suggested that the government should give incentive
Published 26 Jun, 2007 12:00am
BoP inks agency arrangement with UAE exchange

BoP inks agency arrangement with UAE exchange

The Bank of Punjab (BoP) enters into an agency arrangement with the UAE Exchange Centre, LLC, a leading exchange house in the Middle East based in UAE.
Published 26 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Jun, 2007 12:00am