News Archives for Print - 2007-07-02

PAF transported 380 tons relief goods

Pakistan Airforce has undertaken a large-scale relief operation for the rain victims in Sindh and Balochistan provinces, a PAF statement said on Sunday. Pakistan Air Force's C-130 transport aircraft carried out 35 relief flights with 380 tonnes relief goo

Published 02 Jul, 2007 12:00am

KPT finalises Rs 240 million deal with CBA

The management of Karachi Port Trust (KPT) and its Collective Bargaining Agent - the United Workers Front of KPT - has entered a Rs 240 million Charter of Demand for two years. When contacted, a senior official of KPT confirmed to Business Recorder </i

Published 02 Jul, 2007 12:00am

Supreme Court resumes hearing of Chief Justice petition today

The Supreme Court on Monday will resume the hearing on the petition of Chief Justice Iftikhar Muhammad Chaudhry challenging a reference against him, composition of the SJC and its competence to try the Chief Justice.
Published 02 Jul, 2007 12:00am

Pakistan releases 50 Indian prisoners

Fifty Indian prisoners were released from Landhi District Jail here on Sunday morning and sent to Wagha border in vehicles of Ansar Burney Trust to hand them over to Indian officials. All expenses to send them to India have been met by Ansar Burney Trust
Published 02 Jul, 2007 12:00am

Young Leaders' Conference opens amidst fanfare

The Young Leaders' Conference-2007 commenced here at local hotel amidst great fanfare and enthusiasm. The six-day conference is an annual event, organised by the School of Leadership (SoL), Karachi.
Published 02 Jul, 2007 12:00am

Car import policy puts dealers Rs 12 billion at stake: APMDA

The government decision to import three years old cars, instead of five years old, has not only led to an upsurge in premium of local cars but has also put on stake Rs 12 billion of dealers as between 3000 to 3500 vehicles are stuck up at Japanese ports,
Published 02 Jul, 2007 12:00am

Sindh University syndicate lauds academic services of Dr Abassi

Sindh University syndicate has approved naming of newly constructed Post Graduate Girls Hostel as Dr. Aapa Shams Abassi Post Graduate Girls Hostel in recognition of her valuable services in education, especially in girls education in rural and urban parts
Published 02 Jul, 2007 12:00am

Over Rs 310 million tax-free budget for Hyderabad district unveiled

Taluka Latifabad Nazim Engineer Sabir Hussain Kaimkhani has presented over 310 million tax-free and surplus budget of district Hyderabad, Taluka Latifabad for 2007-8 fiscal year in Taluka council.
Published 02 Jul, 2007 12:00am

FTO directs CBR to refund Rs 58.192 million to complainant

The Federal Tax Ombudsman, former Justice Munir A. Sheikh, has instructed the Central Board of Revenue to refund Rs 58.192 million to a complainant of Peshawar. The complainant is a consortium of three parties namely the Nayab International, the Ashad Exp
Published 02 Jul, 2007 12:00am

Punjab University starts summer camp

'Punjab University sports department should start programmes for university students like summer camp in the vacations to provide relief after the whole year's study and for their physical fitness and growth'.
Published 02 Jul, 2007 12:00am

'Dunya Kahen Jisay' a unique Urdu travelogue

The late noted British sci-fi writer Kingsley William Amis (1922-1995) described Oxford thus in a poem: "Here is a list of things I have understood.
Published 02 Jul, 2007 12:00am

Foreign cyclists in Islamabad

Two cyclists from France and Russia, who arrived in Pakistan through the Karakoram highway, said they found the country fascinating and praised the warm hospitality of the people.
Published 02 Jul, 2007 12:00am

PRM criticises government role on crises

The People's Rights Movement (PRM) on Sunday sought ending army role in politics and held the present government responsible for mishandling crisis like situations in Karachi, Balochistan, Waziristan and even in Islamabad.
Published 02 Jul, 2007 12:00am

MONEY WEEK: build-up of reserves and private sector credit account for 82 percent of incremental money supply during fiscal year 2007

Fresh build-up of reserves and private sector's additional credit utilisation during FY07 to June 16 accounted for nearly 82 percent of incremental money supply during the year so far.
Published 02 Jul, 2007 12:00am

LSE remains bullish

Pushed by buying interest in cements, fertilisers, JOVC, Arif Habib Securities, key banks and insurance sector, the share market moved forward and ended the outgoing week with a net gain of 2.21 percent, with also a tangible improvement in volume, depicti
Published 02 Jul, 2007 12:00am

CFS rates hit 16-week high

The investment under the continuous funding system (CFS) at the local share market settled at Rs 54.52 billion on Friday (June 29) slightly above Rs 54.43 on the same day a week earlier.
Published 02 Jul, 2007 12:00am

KSE-100 index gains 379.99 points

The Karachi share market during last week ending on June 30, 2007, which was also the last week of fiscal year 2006-07, resumed an upward movement and the KSE-100 index crossed 13,800 points mark before closing at a new high level of 13,772.46 points, wit
Published 02 Jul, 2007 12:00am

Heavy rains expected to lash country up to Friday

Heavy rainfall and flooding is expected to affect several parts of the country from Sunday to July 6 due to arrival of a new intense weather system in Pakistan, according to Chief Meteorologist of Flood Forecasting Division of Pakistan Meteorological Depa
Published 02 Jul, 2007 12:00am

Missionary school attack suspects held

The Punjab police in collaboration with other law-enforcement agencies have arrested eight terrorists belonging to a defunct religious organisation, said Additional IG Police Malik Iqbal at a press conference here on Sunday.
Published 02 Jul, 2007 12:00am

Steel sector to pay Rs 3800 per ton fixed sales tax

The Central Board of Revenue (CBR) has withdrawn 20 percent sales tax on import of scrap/ingot iron and imposed a fixed sales tax of Rs 3,800 per ton at melting/billet-making stage. The fixed sales tax of Rs 3,800 per ton on billet and ingot stage will be
Published 02 Jul, 2007 12:00am

Withholding tax on locally assembled cars cut to 2.5 percent

The government has reduced withholding tax from 5 percent to 2.5 percent on locally manufactured cars with a view to promote and strengthen local industry. CBR Chairman M Abdullah Yusuf told the media persons on Sunday that the reduced rate of 2.5 percent
Published 02 Jul, 2007 12:00am

Tax collection exceedingly exceeds target: revenue shows Rs 3.52 billion increase: CBR Chief

Surpassing the revenue collection target, the Central Board of Revenue (CBR) has amassed Rs 838.532 billion during July-June of fiscal 2006-07 against the target of Rs 835 billion, showing an increase of Rs 3.52 billion.
Published 02 Jul, 2007 12:00am

THE RUPEE: firm trend in money market

At the end of the outgoing fiscal year (2007-08), the rupee maintained a firm posture against the dollar in the currency market, the week ending June 30, analysts said.
Published 02 Jul, 2007 12:00am

JFK airport closed briefly

Terminal three of London's Heathrow airport was closed late Sunday night after suspicious package found there. According to BBC, police is inspecting the package. A news channel has claimed that the five suspects arrested in connection with Saturday's ter
Published 02 Jul, 2007 12:00am

SITUATIONER: a litmus test for government concern for people

If you know about dangers before they happen, you can be better prepared for them. A calamitous scenario forecast by the Flood Forecasting Bureau in the shape of a statement that disasters could happen in these four days has frightened people already reel
Published 02 Jul, 2007 12:00am

Breach in F P Bund inundates 25 villages: Shaukat seeks donors, NGOs assistance

Prime Minister Shaukat Aziz on Sunday directed the officials concerned to immediately repair the communication system, especially the road links, in the flood and rains-affected areas in Balochistan, to ensure prompt supply of relief goods to each affecte
Published 02 Jul, 2007 12:00am

Privatisation of PMDC mines recommended

The Privatisation Commission (PC) has recommended privatisation of salt and coal mines projects of Pakistan Mineral Development Corporation (PMDC) as separate transactions, official sources told Business Recorder.
Published 02 Jul, 2007 12:00am

High interest rates stunt LSM growth

The country has missed its large-scale manufacturing (LSM) growth target of 12.5 percent by 4 percent in the wake of high interest rates and increased cost of doing business in the country, reliable sources said.
Published 02 Jul, 2007 12:00am

Hoarding, cap on rates lower rice exports

Not only has an artificial and exorbitant increase in prices of rice led to the imposition of a cap or limited the amount of money that can be charged for each kilogram of rice by the UAE, it has resulted in a decline of exports, putting Pakistani exporte
Published 02 Jul, 2007 12:00am

PEL signs joint venture with Moroccan firm

Petroleum Exploration (Pvt) Limited (PEL) has become the first-ever Pakistani oil and gas company to undertake exploration and production in North Africa.
Published 02 Jul, 2007 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2006)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 02 Jul, 2007 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 25 to 30, 2007).

Published 02 Jul, 2007 12:00am

The Weather

The weather report on Sunday (July 01, 2007) and the forecast for Monday (July 02, 2007).
Published 02 Jul, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (02, July 2007).

Published 02 Jul, 2007 12:00am

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (July 01, 2007).
Published 02 Jul, 2007 12:00am

Specialized Financial Institutions: PAK OMAN INVESTMENT COMPANY LIMITED - Year Ended December 31, 2006 (Audited)

"If you want the world to change, don't complain about it. Do something". Pak Oman Investment Company Limited has introduced its eye-catching and very informative Annual Report 2006 with this quotation from Wayne W. Dyer.
Published 02 Jul, 2007 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 Jul, 2007 12:00am

Be bold, pick Sochi for 2014, says Putin

Russian President Vladimir Putin on Sunday urged the International Olympic Committee (IOC) to move away from traditional winter Olympic venues and pick the Black Sea resort of Sochi for the 2014 Games. The IOC has shortlisted Sochi, Salzburg in Austria an
Published 02 Jul, 2007 12:00am

Spectacular strikes boost China

A pair of spectacular strikes brightened China's Asian Cup hopes as a combined China-Hong Kong team beat FIFA World Stars 2-0 in the Reunification Cup on Sunday.
Published 02 Jul, 2007 12:00am

Britain's Storm captures French Open by one shot

Britain's Graeme Storm won the French Open on Sunday by a shot from Denmark's overnight leader Soren Hansen after starting out five strokes behind. The former British Amateur champion became the European Tour's 14th first time winner of the season as he c
Published 02 Jul, 2007 12:00am

Sailing competition: America's Cup showdown postponed

Alinghi had everything lined up to win the America's Cup on Sunday but the crunch race was postponed because the vital ingredient was missing - wind. The Swiss syndicate lead Team New Zealand 4-2 in the best-of-nine series and will now have to wait until
Published 02 Jul, 2007 12:00am

Becker slams British wildcards

Triple Wimbledon champion Boris Becker has hit out at the wildcard system used to give British players a chance of Grand Slam action. Every year a handful of British men and women are given a free-ride straight into the first round draw at the All England
Published 02 Jul, 2007 12:00am

Edwards 5/45 causes England collapse

Fidel Edwards took five for 45 as the West Indies bowled England out for 225 in the first innings of the first one-day international at Lord's on Sunday. England were 184 for four when the game was halted for an hour by rain and when play resumed with 7.2
Published 02 Jul, 2007 12:00am

Hantuchova for revenge against Serena

Daniela Hantuchova will want to settle an old score against Serena Williams on Monday. The last time the slender Slovakian met Williams at Wimbledon, she managed to win just five games as her elegant strokeplay was blunted by the fierce power of the Ameri
Published 02 Jul, 2007 12:00am

Djokovic sets himself lofty goals

Serbia's Novak Djokovic sauntered around the players' lounge at Wimbledon last week engaging in light-hearted banter, occasionally peering at a monitor to check the scores from the courts outside. His cheeky, boyish face and jet black "brush-top" haircut
Published 02 Jul, 2007 12:00am

All Blacks must learn from Wallabies' defeat, says Henry

Coach Graham Henry wants to use New Zealand's rare Tri-Nations' loss to Australia as motivation for the All Blacks to go on and win the World Cup later this year.
Published 02 Jul, 2007 12:00am

Motor racing: Raikkonen leads Ferrari one-two in France

Finland's Kimi Raikkonen won the French Grand Prix on Sunday, leading Brazilian team mate Felipe Massa in a Ferrari one-two to end McLaren's winning streak.
Published 02 Jul, 2007 12:00am

New Zealand McMillan to captain MCC

New Zealand all-rounder Craig McMillan will captain Marylebone Cricket Club (MCC) against Sri Lanka 'A' at Arundel, southern England, in a three-day first class fixture from July 10-12, the club announced here Sunday.
Published 02 Jul, 2007 12:00am

O'Brien sweeps Irish Derby 1-2-3

Trainer Aidan O'Brien saddled the first three home in the Irish Derby at The Curragh on Sunday. Soldier Of Fortune (5-1), the mount of Seamus Heffernan, raced home nine lengths clear of stable companion Alexander Of Hales (33-1), partnered by Mick Kinane.
Published 02 Jul, 2007 12:00am

Sakata defends WBA flyweight title

Japan's Takefumi Sakata avenged his loss in December by beating Roberto Vasquez of Panama to defend the World Boxing Association flyweight title on Sunday. There was no knockdown in the scheduled 12 rounds but Sakata took the initiative to send Vasquez to
Published 02 Jul, 2007 12:00am

Baseball: Oakland hands Yankees another loss

The Oakland Athletics blanked the New York Yankees 7-0 on Saturday to hand the struggling Yankees their eighth loss in 10 games. Chad Gaudin (7-3) had a no-hitter going into the sixth inning before giving up a single to Johnny Damon. It was the only hit h
Published 02 Jul, 2007 12:00am

Australian market's bull-run expected to continue

The Australian share market will continue to soar this financial year as a China-driven resources boom that fuelled 24 percent growth in the past 12 months shows no signs of abating, analysts say. The benchmark S&P/ASX 200 rose 1,201.0 points to 6,274.9 i
Published 02 Jul, 2007 12:00am

Algeria's CPA bank reports $110 million profit

Algerian bank Credit Populaire d'Algerie (CPA), due to be privatised later this year, made a 7.9 billion-dinar ($110 million) net profit in 2006, a government-owned newspaper reported on Sunday. El Moudjahid provided no figure for 2005 but said CPA's tota
Published 02 Jul, 2007 12:00am

Europe warns China to ensure respect for new labour law

An influential European business group on Sunday said China must ensure a new law to help workers is respected, as the effectiveness of similar legislation has been "non-existent" in the past. A controversial bill on contract labour approved on Friday wil
Published 02 Jul, 2007 12:00am

East Asia monetary fund in sight: Thai minister

East Asian countries will have their own monetary fund in around five years to promote exchange rate stability and to help ward off a future regional currency crisis, Thailand's finance minister said on Sunday.
Published 02 Jul, 2007 12:00am

Hundreds of Bangladeshi factories fail to pay minimum wage

Hundreds of textile factories in Bangladesh have failed to meet a government deadline to pay their workers even a paltry minimum wage of 25 dollars a month, an industry body said Sunday.
Published 02 Jul, 2007 12:00am

UK's Fraud Office to question BAE executives

Britain's Serious Fraud Office is about to begin a second series of interviews under caution with executives from defence group BAE Systems Plc implicated in allegations of corruption, the Sunday Telegraph newspaper said.
Published 02 Jul, 2007 12:00am

US airline unions showing signs of revival

Airline unions, still nursing wounds after a bruising six-year clash with cash-strapped carriers, are getting ready to reclaim lost wages and benefits for workers, as well as some lost clout for themselves.
Published 02 Jul, 2007 12:00am

ADB plans loans to small Philippine power groups

The Asian Development Bank (ADB) is planning to provide up to $100 million in loans to Philippine electric co-operatives to help them prepare for a retail open access electricity market by 2009, a bank official said.
Published 02 Jul, 2007 12:00am

Yemen battles worst locust swarm in 14 years

Locusts in Yemen have swept across 70,000 hectares of desert and threaten to swarm into farmlands in the worst plague to hit the impoverished country since 1993, officials warned on Sunday.
Published 02 Jul, 2007 12:00am

'Three Gorges dam project mis-managed'

A six-month investigation into the bill for China's huge Three Gorges dam has unearthed widespread mis-management, state media reported Sunday. The National Audit Office detected extra construction costs of 488 million yuan (64 million dollars), most of i
Published 02 Jul, 2007 12:00am

E ON chief criticises Germany on energy policy

The German government is overly focused on climate protection and lacks a coherent long-term energy strategy, the head of utility E.ON said ahead of a top-level policy meeting in Berlin this week.
Published 02 Jul, 2007 12:00am

Millennium targets at risk without new funds: UN

The world will struggle to meet the Millennium Development Goals on eradicating extreme poverty unless rich countries boost their international aid budgets, UN Secretary-General Ban Ki-moon said on Monday.
Published 02 Jul, 2007 12:00am

Oral cancer, second most common among youth

Oral cancer the sixth commonest cancer in the world has turned to be the second most common type of cancer in Pakistan with almost 45 percent of new cases pertaining to age group between 20 years to 30 years.
Published 02 Jul, 2007 12:00am

Lightning injury expert offers safety tips

The biggest misconception people have about getting struck by lightning, one of the world's leading experts on lightning strike injuries says, is that it won't happen to them.
Published 02 Jul, 2007 12:00am

Physicians advise caution against post-monsoon health conditions

Physicians appreciating measures by the city as well as provincial government for taking care of sanitation following three day rain-fall have advised masses to take due stock of possible post monsoon outbreak of ailments.
Published 02 Jul, 2007 12:00am

Eat potatoes for strong immunity

Eating potatoes could have a beneficial effect on the immune system, says a study conducted by Spanish researchers. The vegetable is considered to be rich in vitamin C, B-complex vitamins and has good doses of minerals like iron, calcium, manganese, magne
Published 02 Jul, 2007 12:00am

Desertification may lead to mass migrations

Governments must adopt strategies to mitigate the effects of desertification, which are aggravated by climate change and could lead to mass migrations of people in the next decade, a new UN study has cautioned.
Published 02 Jul, 2007 12:00am

Potential cure for HIV discovered

In a breakthrough that could potentially lead to a cure for HIV infection, scientists have discovered a way to remove the virus from infected cells, a study released on June 28 said. The scientists engineered an enzyme, which attacks the DNA of the HIV vi
Published 02 Jul, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 19	278.08
USD PKR Interbank Buying / Sep 19	277.78
USD to Japanese Yen / Sep 19	142.53
USD to Swiss Franc / Sep 19	0.85
Pound Sterling to USD / Sep 19	1.32
Euro to USD / Sep 19	1.11

Stock	Volume
S&P 500 / Sep 19	5,618.26
India Sensex / Sep 19	83,128.61
Tokyo Nikkei / Sep 19	37,180.81
Nasdaq / Sep 19	17,573.30
Hang Seng / Sep 19	17,987.40
FTSE 100 / Sep 19	8,253.68
Dow Jones / Sep 19	41,503.10
Germany DAX 30 / Sep 19	18,711.49

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 18	18,935
Gold 10 Grams PKR / Sep 18	227,713.10
Petrol/Litre / Sep 19	249.10
Crude Oil USD/Barrel / Sep 19	71.01
Gold Spot USD/Ounce / Sep 19	2,575.34
Diesel/Litre / Sep 19	249.69

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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