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Print - 2007-07-18
Rs 50 million hotel management institute being set up

Rs 50 million hotel management institute being set up

In order to promote hotel management and tourism in Pakistan witnessing fast growth in the hotel industry, a Hotel Management, Tourism and Travel Institute is being established here in private sector at a cost of Rs 50 million.
Published 18 Jul, 2007 12:00am
France details ideas for eurozone governance

France details ideas for eurozone governance

France called on Tuesday for a strengthened role for the chairman of the Eurogroup of finance ministers as part of detailed proposals for improving "economic governance" in the 13-nation euro area.
Published 18 Jul, 2007 12:00am
Alleged absconder gunned down in 'encounter'

Alleged absconder gunned down in 'encounter'

District Hyderabad Police killed two alleged absconded criminals in an encounter on late Monday night. Giving details about the operation, the DIG Operation, Hyderabad Commander Shaukat Ali Shah at a press conference here on Tuesday.
Published 18 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (July 17, 2007) and the forecast for Wednesday (July 18, 2007).
Published 18 Jul, 2007 12:00am
Government urged not to close TDAP office in Sukkur

Government urged not to close TDAP office in Sukkur

The Small Traders Organisation (STO) Sukkur and exports of the rice, fruit and vegetable appealed to the authorities of the Trade Development Authority of Pakistan (TDAP) not to abolish the office of the then Export Promotion Bureau, now TDAP in Sukkur, a
Published 18 Jul, 2007 12:00am
Suicide attack at Chief Justice address venue kills 16

Suicide attack at Chief Justice address venue kills 16

A suicide bomber killed at least 16 people in front of a district courts here, on late Tuesday evening minutes ahead of a planned address by Chief Justice Iftikhar Chaudhry to the lawyers and the political activists.
Published 18 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 18 Jul, 2007 12:00am
Sialkot to have vegetable preservation centre

Sialkot to have vegetable preservation centre

The business community of Sialkot will establish a vegetable and flowers packing and preservation centre in Sialkot soon. Sources told Business Recorder that the proposed centre would be set up near Sialkot international airport. In this connection
Published 18 Jul, 2007 12:00am
Suicide attack at Chief Justice address venue kills 16

Suicide attack at Chief Justice address venue kills 16

A suicide bomber killed at least 16 people in front of a district courts here, on late Tuesday evening minutes ahead of a planned address by Chief Justice Iftikhar Chaudhry to the lawyers and the political activists.
Published 18 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 18 Jul, 2007 12:00am
NetApp chief executive sees growth in software, services

NetApp chief executive sees growth in software, services

Network Appliance, one of the world's largest data storage gear makers, expects to grow faster than its rivals in higher margin software and technology services, Chief Executive Dan Warmenhoven said.
Published 18 Jul, 2007 12:00am
Reports about lint fumigation rejected

Reports about lint fumigation rejected

There is no truth in the reports regarding fumigation in lint cotton because there is no difference between the soil of cotton growing areas of Pakistan and India. This was stated by the All Pakistan Textile Association (APTA) central leader Tanvir Sheikh
Published 18 Jul, 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 18 Jul, 2007 12:00am
Niger hopes for oil riches under northern desert

Niger hopes for oil riches under northern desert

Niger plans to award oil exploration permits by the end of next month for a vast block under the Sahara desert it hopes will turn it into Africa's newest crude producer.
Published 18 Jul, 2007 12:00am
Four billion people living in polluted areas world over: study

Four billion people living in polluted areas world over: study

Pakistan needs to build a technological framework that allows them to observe and model human-natural systems interactions at relevant spatial and temporal scales, identify problem, provide solutions, facilitate implementation and monitor effectiveness.
Published 18 Jul, 2007 12:00am
Zambia's Konkola builds new mine to boost output

Zambia's Konkola builds new mine to boost output

Zambia's Konkola Copper Mines (KCM) is sinking shafts at a new deep-level mine, which together with other projects will more than double finished copper output by 2010, the firm said on Monday.
Published 18 Jul, 2007 12:00am
Industry urged to focus on components manufacturing

Industry urged to focus on components manufacturing

Pakistan industry should focus on manufacturing components instead of relying on assembling foreign pre-designed goods and this objective could be achieved through introducing concept of teaching design rather than merely teaching commercial software oper
Published 18 Jul, 2007 12:00am
Trade Policy today

Trade Policy today

Federal Minister for Commerce Humayun Akhtar Khan will announce Trade Policy 2007-08 on Wednesday after formal approval by the federal cabinet. Informed sources in Prime Minister House told Business Recorder that export target is most likely to be
Published 18 Jul, 2007 12:00am
Eaton chief executive sees US truck market rebounding in 2008

Eaton chief executive sees US truck market rebounding in 2008

The top executive at Eaton Corp, a diversified manufacturer that builds transmissions and other components for commercial trucks, said on Monday that he believes that sluggish market won't begin to recover until late this year at the earliest.
Published 18 Jul, 2007 12:00am
Recruitment process completed

Recruitment process completed

Population Welfare Department has completed the recruitment process of as many as 42 Deputy District Population Welfare, Tehsil Population Welfare Officers/Assistant Directors and issued appointment letters to the newly appointed officers.
Published 18 Jul, 2007 12:00am
Trade Policy today

Trade Policy today

Federal Minister for Commerce Humayun Akhtar Khan will announce Trade Policy 2007-08 on Wednesday after formal approval by the federal cabinet. Informed sources in Prime Minister House told Business Recorder that export target is most likely to be
Published 18 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Brazil foreign reserves at record $150 billion

Brazil foreign reserves at record $150 billion

Brazil had record foreign reserves of more than $150 billion, the central bank said on Monday after buying dollars on the spot foreign exchange market for months. The local currency, the real, is near a seven-year high against the US dollar.
Published 18 Jul, 2007 12:00am
CDGL impounds 18 tractor-trolleys

CDGL impounds 18 tractor-trolleys

A special squad of Solid Waste Management (SWM) department, City District Government Lahore, on Tuesday took 18 tractor-trolleys into custody and impounded them at its central workshop at Outfall Road for transporting mud and sand without cover, and creat
Published 18 Jul, 2007 12:00am
Trade Policy today

Trade Policy today

Federal Minister for Commerce Humayun Akhtar Khan will announce Trade Policy 2007-08 on Wednesday after formal approval by the federal cabinet. Informed sources in Prime Minister House told Business Recorder that export target is most likely to be
Published 18 Jul, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (July 17, 2007) and for Wednesday (July 18, 2007).
Published 18 Jul, 2007 12:00am
Singapore shares close flat

Singapore shares close flat

Singapore share prices closed flat on Tuesday as lacklustre exports in June weighed down sentiment, dealers said. The main Straits Times Index fell 2.18 points or 0.06 percent to 3,651.05. Volume traded totalled 6.4 billion shares worth 3.04 billion Singa
Published 18 Jul, 2007 12:00am
Public dealing departments being computerised: minister

Public dealing departments being computerised: minister

Minister for Information Technology Punjab, Abdul Aleem Khan has said that automation of Urban Immovable Property Tax System in five major cities of Punjab is being started with the cost of Rs 60 million in the current fiscal year.
Published 18 Jul, 2007 12:00am
Three soldiers among four die in suicide attack

Three soldiers among four die in suicide attack

A suicide bomber killed four persons, including three soldiers, in the North Waziristan region on Tuesday, hours after pro-Taliban militants vowed to launch attacks on security forces. The attack on a checkpost manned by the army and paramilitary troops w
Published 18 Jul, 2007 12:00am
Jakarta shares up

Jakarta shares up

Jakarta share prices closed 0.66 percent higher on Tuesday on a technical rebound in selected big caps led by Astra International, Bank Mandiri and Perusahaan Gas Negara, dealers said. They said Astra Agro was also in the limelight after the company poste
Published 18 Jul, 2007 12:00am
DAO arrested red handed while taking bribe

DAO arrested red handed while taking bribe

Anti-Corruption Establishment (ACE) Punjab has arrested Assistant Accountant of Finance Department Punjab, Malik Fayyaz, who was posted at District Accounts office, Sialkot, for taking bribe to clear pension case of a widow and he has been sent to lockup
Published 18 Jul, 2007 12:00am
Three soldiers among four die in suicide attack

Three soldiers among four die in suicide attack

A suicide bomber killed four persons, including three soldiers, in the North Waziristan region on Tuesday, hours after pro-Taliban militants vowed to launch attacks on security forces. The attack on a checkpost manned by the army and paramilitary troops w
Published 18 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Hong Kong shares finish firmer

Hong Kong shares finish firmer

Hong Kong stocks rose 0.5 percent on Tuesday as a strong rebound in mainland-listed equities spurred buying interest, with mainland lender Industrial & Commercial Bank of China getting a further boost from a broker upgrade.
Published 18 Jul, 2007 12:00am
Hearing of on-line banking fraud case put off

Hearing of on-line banking fraud case put off

Special Judge (Offences in respect of Banks) has adjourned the proceedings of on-line banking fraud case till August 8. The proceedings in a petition filed by Imran Khyzar Hayat and Saqib Ahmed employees of Bank Alfalah seeking exemption from appearance b
Published 18 Jul, 2007 12:00am
EPZs allowed goods transshipment under PACCs

EPZs allowed goods transshipment under PACCs

The Export Processing Zones (EPZs) have been allowed transshipment of goods under the Pakistan Customs Computerised System (PACCs). Through amendment in the Customs Rules 2001 on Tuesday, the board has issued procedure for the EPZs for import and export o
Published 18 Jul, 2007 12:00am
US stocks fall on subprime worries

US stocks fall on subprime worries

The broader US stock market fell on Monday on worries that troubles in the subprime mortgage market may spread, but optimism about earnings at multinational companies pushed the Dow to nearly 14,000.
Published 18 Jul, 2007 12:00am
Bait-ul-Maal gives grants to NGOs for health, education

Bait-ul-Maal gives grants to NGOs for health, education

Minister for Bait-ul-Maal Punjab, Chaudhry Muhammad Ijaz Shafi has said that Bait-ul-Maal department also provides grant to the NGOs for the launching of education, health and other public welfare institutions project. He expressed these views here on Tue
Published 18 Jul, 2007 12:00am
EPZs allowed goods transshipment under PACCs

EPZs allowed goods transshipment under PACCs

The Export Processing Zones (EPZs) have been allowed transshipment of goods under the Pakistan Customs Computerised System (PACCs). Through amendment in the Customs Rules 2001 on Tuesday, the board has issued procedure for the EPZs for import and export o
Published 18 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (July 17, 2007) and the forecast for Wednesday (July 18, 2007).
Published 18 Jul, 2007 12:00am
US Treasury prices jump

US Treasury prices jump

US Treasury debt prices rose on Monday on worries that the deterioration in the subprime mortgage sector will spill over to the broader market and prompt the Federal Reserve to trim interest rates. The benchmark ABX index, used by investors to hedge subpr
Published 18 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 18 Jul, 2007 12:00am
Lawyers observe strike

Lawyers observe strike

The lawyers' community observed token strike against suspension of Chief Justice of Pakistan here on Tuesday and did not appear before the courts. A caravan of lawyers also left for Islamabad to hear the address of Chief Justice Pakistan Iftikhar Muhammad
Published 18 Jul, 2007 12:00am
EPZs allowed goods transshipment under PACCs

EPZs allowed goods transshipment under PACCs

The Export Processing Zones (EPZs) have been allowed transshipment of goods under the Pakistan Customs Computerised System (PACCs). Through amendment in the Customs Rules 2001 on Tuesday, the board has issued procedure for the EPZs for import and export o
Published 18 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 18 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
US Treasury prices jump

US Treasury prices jump

US Treasury debt prices rose on Monday on worries that the deterioration in the subprime mortgage sector will spill over to the broader market and prompt the Federal Reserve to trim interest rates. The benchmark ABX index, used by investors to hedge subpr
Published 18 Jul, 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 18 Jul, 2007 12:00am
Former minister, 45 councillors join PPP

Former minister, 45 councillors join PPP

Head of PPPP Punjab, Shah Mahmood Qureshi, in a press conference here on Tuesday said that they would resist if emergency is enforced in the country. Speaking about statement of Ghulam Mustafa Khar, in which Mustafa Khar made certain remarks about PPPP Ch
Published 18 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Pak-German ties in science and technology strengthening: chief minister

Pak-German ties in science and technology strengthening: chief minister

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that bilateral relations between Germany and Pakistan in engineering, science and technology, agriculture and other sectors are growing rapidly due to which local and foreign investment as well as the
Published 18 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (July 17, 2007) and for Wednesday (July 18, 2007).
Published 18 Jul, 2007 12:00am
Intel, OLPC join hands

Intel, OLPC join hands

Intel and One Laptop per Child (OLPC) announced that they had agreed to work together to bring the benefits of technology to the developing world through synergy of their respective programs. Under the agreement, Intel and OLPC will explore collaborations
Published 18 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Physical, sexual and psychological abuses pose health risk: study

Physical, sexual and psychological abuses pose health risk: study

Physical, sexual and psychological abuse threatens the health and well being of millions of people globally on a daily basis. People ages 15 to 44, suicide and homicide are the fifth and sixth leading causes of death, between three and seven million adole
Published 18 Jul, 2007 12:00am
THE RUPEE: parity stable in interbank

THE RUPEE: parity stable in interbank

Firm trend seen in the interbank market on Tuesday as the rupee maintained its overnight level against dollar for buying and selling at Rs 60.37 and Rs 60.39 respectively, dealers said.
Published 18 Jul, 2007 12:00am
LGH provides free medicines worth Rs 50 million to patients

LGH provides free medicines worth Rs 50 million to patients

Under Punjab Chief Minister "Sehatmand Punjab programme' was launched to extend maximum healthcare facilities to masses free of cost, the Lahore General Hospital (LGH) offered treatment to about 641 patients in its emergency and outdoor department and off
Published 18 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
THE RUPEE: parity stable in interbank

THE RUPEE: parity stable in interbank

Firm trend seen in the interbank market on Tuesday as the rupee maintained its overnight level against dollar for buying and selling at Rs 60.37 and Rs 60.39 respectively, dealers said.
Published 18 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Punjab University acting vice chancellor

Punjab University acting vice chancellor

Acting vice-chancellor Punjab University Professor Dr Muhammad Arif Butt visited Punjab University Printing Press here on Tuesday. Acting VC examined different sections of Press and the performance of the workers. He appreciated the work of the staff ther
Published 18 Jul, 2007 12:00am
Revenue official told to re-examine auction case

Revenue official told to re-examine auction case

The provincial ombudsman Abdur Rashid Khan has directed District Officer (Revenue) Gujranwala to re-examine the complainant Rana Muhammad Yaqoob to refund Rs 25, 500 on account of earnest money deposited by him at the time of open auction of state land.
Published 18 Jul, 2007 12:00am
THE RUPEE: parity stable in interbank

THE RUPEE: parity stable in interbank

Firm trend seen in the interbank market on Tuesday as the rupee maintained its overnight level against dollar for buying and selling at Rs 60.37 and Rs 60.39 respectively, dealers said.
Published 18 Jul, 2007 12:00am
THE RUPEE: parity stable in interbank

THE RUPEE: parity stable in interbank

Firm trend seen in the interbank market on Tuesday as the rupee maintained its overnight level against dollar for buying and selling at Rs 60.37 and Rs 60.39 respectively, dealers said.
Published 18 Jul, 2007 12:00am
Justice Riaz appointed AJKIIC chairman

Justice Riaz appointed AJKIIC chairman

The AJK President Raja Zulqarnain Khan has appointed Chief Justice of AJK Supreme Court Justice Riaz Akhter Chaudhry as Chairman of Azad Jammu and Kashmir Islamic Ideological Council (AJKIIC) for the next three years, it was officially stated.
Published 18 Jul, 2007 12:00am
District consumers' protection councils established

District consumers' protection councils established

Under the Punjab Consumers Protection Act-2005, district consumers' courts and district consumers' protection councils have been established in 11 districts of the province. Punjab Consumers Protection Council Director, Nadeem Irshad Kayani said this whil
Published 18 Jul, 2007 12:00am
Result of BSc Part-I announced

Result of BSc Part-I announced

The Controller of Examinations University of Sindh has announced the result of BSc (Pass) Part-I (college side) annual examination of 2006 here on Tuesday. According to the results total of 5359 candidates appeared in the examination. Out of which 2759 ca
Published 18 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
Telecom network restored in Balochistan

Telecom network restored in Balochistan

Pakistan Telecommunication Company Limited (PTCL) has restored almost all the telecom network damaged by recent floods in Balochistan and other areas, said a press release issued here on Tuesday. Communication to 33 out of 35 telephone exchanges affected
Published 18 Jul, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (July 17, 2007).

Published 18 Jul, 2007 12:00am
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