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Print - 2007-07-21
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures climbed up an 11-week peak at the open Friday with firmer overseas markets providing further support to this week's technical breakout, traders and analysts said.
Published 21 Jul, 2007 12:00am
US MIDDAY: gold at two-month high

US MIDDAY: gold at two-month high

US gold futures rose to their highest level in more than two months early Friday, following strong gains in the previous sessions, fuelled by renewed fund buying as the dollar weakened and oil remained firm.
Published 21 Jul, 2007 12:00am
PTA cautious mobile phone users of hoax call

PTA cautious mobile phone users of hoax call

Pakistan Telecommunication Authority (PTA) has cautioned the cellular mobile customers to be aware of hoax calls a falsified/unsolicited SMS alluring the subscribers to buy scratch cards and then notify scratch numbers to calling party or sender of the SM
Published 21 Jul, 2007 12:00am
'IPR education must to safeguard national interests in global market'

'IPR education must to safeguard national interests in global market'

The Director-General, Intellectual Property Rights Organisation (IPRO), Muhammad Yaseen Tahir, here on Friday called upon the lawyers, legal advisors and other trade-related officials to equip themselves with intellectual property rights (IPR) laws to saf
Published 21 Jul, 2007 12:00am
Bait-ul-Maal's FSP, IFA programmes facing red tapism

Bait-ul-Maal's FSP, IFA programmes facing red tapism

Pakistan Bait-ul-Maals' Food Support Programme (FSP), Individual Financial Assistance (IFA) Programmes under the administrative control of Social Welfare Ministry have recorded certain cases of community involvement, excessive documentation and heavy bure
Published 21 Jul, 2007 12:00am
Security tightened in Swat, Hangu and Hub

Security tightened in Swat, Hangu and Hub

After the suicide attacks in Swat, Hangu, Hub, DI Khan and Islamabad, security has been beefed up in Multan district and policemen in plain clothes have been deployed at all sensitive places in the city to avert any untoward incident or act of terrorism.
Published 21 Jul, 2007 12:00am
Ghauri for low cost housing facilities

Ghauri for low cost housing facilities

A long-term and multi-dimentional approach, dedication and effective mechanism must be ensured to provide low cost housing facilities to the federal government employees. Minister for Housing and Works Babar Khan Ghauri expressed these views in a briefing
Published 21 Jul, 2007 12:00am
National Assembly committee for handing over of HPFL to NWFP government

National Assembly committee for handing over of HPFL to NWFP government

National Assembly standing committee on privatisation and investment on Friday recommended that the federal government may hand over Hazara Phosphate and Fertiliser Limited (HPFL) to the government of NWFP to stabilise it and also ensure the supply of raw
Published 21 Jul, 2007 12:00am
Alamgir Road

Alamgir Road

Everyday, after 8 pm Alamgir Road (Near Alamgir Masjid) is fully occupied with chairs and tables. It is very difficult to travel in car as on both sides customers are sitting and eating but nobody takes any notice. We approached the concerned officials. W
Published 21 Jul, 2007 12:00am
The door of hope

The door of hope

War proves itself as inevitable phenomenon for every living creature on the face of earth. We have been witnessing many faces of war every now and then. In the apparent scenario in our country, there is a much outcry for war on terrorism, which proves to
Published 21 Jul, 2007 12:00am
Sri Lanka rebels forcing Tamils to join war effort

Sri Lanka rebels forcing Tamils to join war effort

In Tamil Tiger territory, youths like Rajathurai Ponnambalam are living in hiding to avoid being forcibly recruited by the rebels and sent to fight in a Sri Lankan civil war they don't believe in.
Published 21 Jul, 2007 12:00am
Iran accused of training old Afghan enemies to fight US

Iran accused of training old Afghan enemies to fight US

Erstwhile enemies who once stood on the brink of war, Iran and the Taliban now appear linked by conflicts against the US, as officials and political analysts accuse Tehran of training and arming the Afghan insurgents.
Published 21 Jul, 2007 12:00am
Chemicals industry: prospects and constraints

Chemicals industry: prospects and constraints

The federal budget 2007-08, though expected, did not provide any relief to most of the industries, particularly the basic industries, which are currently facing higher production cost and unfavourable tax regime, placing their products in a non-competitiv
Published 21 Jul, 2007 12:00am
Singh's line on Kashmir

Singh's line on Kashmir

Indian Prime Minister Manmohan Singh is a thoughtful person, as is reflected in his recently unfolded perception of the momentous "times in the lives of people that make history". Addressing the convocation of Jammu University the other day he expressed h
Published 21 Jul, 2007 12:00am
Trade Policy: crutches will not work

Trade Policy: crutches will not work

The trade policy for the year 2007-2008, unveiled by Commerce Minister Humayun Akhtar Khan on 18th July, offers various kinds of incentives aimed at enhancing competitiveness, productivity and export capacity of the country. Export driven measures include
Published 21 Jul, 2007 12:00am
Flight Safety Officers' role highlighted

Flight Safety Officers' role highlighted

The graduation ceremony of 'Flight Safety Officers Course' was held at the Institute of Air Safety, PAF Base, Masroor, where Air Marshal Mirza Zafar Hussain, Air Officer Commanding Southern Air Command, PAF, was the chief guest. On arrival, the chief gues
Published 21 Jul, 2007 12:00am
Malaysians advised not to travel to Pakistan

Malaysians advised not to travel to Pakistan

Malaysians have been advised to refrain from travelling to Pakistan in view of the recent wave of violence and bomb attacks in the southern part of the country. "The situation in Pakistan is unstable. I think it is very dangerous for our people to go ther
Published 21 Jul, 2007 12:00am
Chinese firm to launch 5,000 CNG buses in Karachi

Chinese firm to launch 5,000 CNG buses in Karachi

A team of CNG bus and aircraft manufacturer M/s Yunma Aircraft Manufacturer Ltd, China will meet Sindh Chief Minister, Dr Arbab Ghulam Rahim and City Nazim, Syed Mustafa Kamal on Monday to discuss possibilities for plying green buses in the metropolis.
Published 21 Jul, 2007 12:00am
Mobilink introduces JAZZ Advance feature

Mobilink introduces JAZZ Advance feature

Mobilink on Friday announced the launch of Jazz Advance for all its Jazz subscribers. The new feature allows the customers to access instant credit anytime, anywhere. The company pioneers in bringing the latest technology features, which benefits millions
Published 21 Jul, 2007 12:00am
PIQC organises training course

PIQC organises training course

PIQC Institute of Quality organised the 35th batch of five days training course for Auditor/Lead Auditor on ISO 9001:2000 Quality Management System at Lahore. This course is licensed from IQCS certification Singapore, which is accredited by Irka UK and is
Published 21 Jul, 2007 12:00am
FTO directs CBR to reopen impugned order

FTO directs CBR to reopen impugned order

Federal Tax Ombudsman, Justice (Rtd) Munir A. Sheikh on Friday directed the Central Board of Revenue (CBR) to reopen the impugned order-in-original, issued by the Deputy Collector (Adjudicator) Lahore to the Complainant.
Published 21 Jul, 2007 12:00am
HBL clarification

HBL clarification

Habib Bank Limited was aware of the filing of a lawsuit against it and many other defendants in the United States and wishes to clarify its position accordingly.
Published 21 Jul, 2007 12:00am
Trade policy hailed for accommodating Aptama's proposals

Trade policy hailed for accommodating Aptama's proposals

The trade policy, which was announced by Commerce Minister Humayum Akhtar Khan, will benefit not only the textile export industry, but also the economy as a whole. This was observed by acting Chairman of All Pakistan Textile Mills Association (Aptama), lq
Published 21 Jul, 2007 12:00am
Encroachments removal from storm water drains directed

Encroachments removal from storm water drains directed

Sindh Minister for Local Government, Katchi Abadies and Spatial Development Muhammad Hussain Khan has directed all the town municipal administrations (TMOs) of Karachi to further accelerate removal of encroachments especially from stormwater drains in the
Published 21 Jul, 2007 12:00am
People face starvation in Balochistan flood-hit areas

People face starvation in Balochistan flood-hit areas

Thousands of flood-affected people in Balochistan are still homeless while scarcity of food, water and medicine is major issue as monsoon rains are yet to hit the country with its full swing in coming months.
Published 21 Jul, 2007 12:00am
Flood relief camps

Flood relief camps

As per instructions of Pakistan peoples Party (PPP) chairperson Benazir Bhutto, Human Rights wing established flood relief camps in different areas of Punjab and Sindh. A camp was established in Multan on Thursday.
Published 21 Jul, 2007 12:00am
Section 144 imposed

Section 144 imposed

District Nazim, Jhang under section 144 CrPC has banned the entry of all irrelevant persons within a 100 yards radius of the centres set up for holding MA/MSc part-II, LLB part-I and part-II in the district.
Published 21 Jul, 2007 12:00am
Construction of Minister block in full swing

Construction of Minister block in full swing

Construction work on the Minister Block at Old Labour Department is in full swing, with a Rs 150 million to be spent on the project during the current fiscal. Punjab Minister for Communication and Works, Chaudhry Zaheeruddin Khan stated this while presidi
Published 21 Jul, 2007 12:00am
LHC steps up security

LHC steps up security

The Lahore High Court chief justice ordered the police to ban people from praying only on this Friday in the court premises because of security measures. The offices closed after office hours. The court registrar also put up a notice at the gate, asking m
Published 21 Jul, 2007 12:00am
Supreme Court urged to constitute commission on Lal Masjid operation

Supreme Court urged to constitute commission on Lal Masjid operation

Qari Hanif Jhulandari, Secretary General of Wafaq-ul-Madaris Al-Arabia Pakistan, on Friday demanded of the Supreme Court to constitute a commission to investigate Lal Masjid and Jamia Hafsa operation and he held President General Pervez Musharraf responsi
Published 21 Jul, 2007 12:00am
Punjab PSMA blames government for delaying payments

Punjab PSMA blames government for delaying payments

Pakistan Sugar Mills Association (PSMA) Punjab Zone Chairman Chaudhry Zaka Ashraf on Friday blamed the government for delaying paying sugarcane growers because he claimed the latter government had interfered in the open sugar market.
Published 21 Jul, 2007 12:00am
LPGDAP welcomes Supreme Court decision

LPGDAP welcomes Supreme Court decision

LPG Distributors Association Pakistan (LPGDAP) Central Chairman Muhammad Irfan Khokhar has welcomed the Supreme Court decision to set aside the reference field by the government against Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry, on Friday.
Published 21 Jul, 2007 12:00am
Inter-provincial tours of newsmen to be arranged

Inter-provincial tours of newsmen to be arranged

Punjab Secretary Information and Culture Ashfaq Gondal has said that inter-provincial tours of journalists will be arranged in future so that they could study the cultural and regional values of other provinces.
Published 21 Jul, 2007 12:00am
Rs 63 million monthly subsidy at Utility Stores in Multan

Rs 63 million monthly subsidy at Utility Stores in Multan

The government is offering the people of Multan region a subsidy of Rs 63 million on just nine items every month. Regional Manager Utility Stores Corporation (USC), Shahzad Ahmed here Friday said that this subsidy adds up to a hefty amount of Rs 750 milli
Published 21 Jul, 2007 12:00am
Tissue culture laboratory to be set up

Tissue culture laboratory to be set up

Punjab Livestock and Dairy Development Minister Syed Haroon Ahmad Sultan has said the Poultry Research Institute in Rawalpindi is setting up a "tissue culture laboratory" at a cost of Rs 28.5 million to diagnose poultry diseases.
Published 21 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Friday (July 20, 2007) and the forecast for Saturday (July 21, 2007).
Published 21 Jul, 2007 12:00am
Workshops on medical research held

Workshops on medical research held

The city's College of Physicians and Surgeons Pakistan Regional Centre held two five-day workshops on "medical research and methodology and basic surgical skills training" for the post-graduate residents.
Published 21 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 21 Jul, 2007 12:00am
About 92 percent urban people aware of AIDS

About 92 percent urban people aware of AIDS

About 92 percent people in urban areas of the country are aware of the AIDS while only 8 percent expressed their ignorance about the disease in a survey conducted by Gallup Pakistan. The survey to evaluate the awareness about AIDS among urban population w
Published 21 Jul, 2007 12:00am
New York cotton

New York cotton

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

Published 21 Jul, 2007 12:00am
Agencies start identifying Madressah involved in militancy

Agencies start identifying Madressah involved in militancy

As per directives of the Ministry of Interior, the intelligence agencies have started to identify the madressah involved in militancy and spreading hate material across the country to counter the recent wave of extremism.
Published 21 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 21 Jul, 2007 12:00am
LHCBA urges Musharraf to quit

LHCBA urges Musharraf to quit

Lahore High Court Bar Association President Ehsan Bohan has urged the President and Prime Minister to resign from their offices, saying because they have no right to remain in their offices after the Supreme Court's verdict.
Published 21 Jul, 2007 12:00am
Smeda to hold training programme on August 8

Smeda to hold training programme on August 8

Small & Medium Enterprise Development Authority (Smeda) in collaboration with Faisalabad Chamber of Commerce & Industry (FCCI) has organised a one-day training programme and also planned to organise the next training workshop on 'Environmental Compliance
Published 21 Jul, 2007 12:00am
Computerised NIC: Nadra provides four mobile units for Kasur

Computerised NIC: Nadra provides four mobile units for Kasur

The National Database and Registration Authority (Nadra) has provided four new mobile units for the district, helping those living in the district's outskirts to get their computerised national identity cards.
Published 21 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
Political leaders, others hail Supreme Court decision in CJP case

Political leaders, others hail Supreme Court decision in CJP case

Hundreds of people came out of their homes after the historic judgement of the Supreme Court. Youths and political activists shouted slogans in favour of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry. Vice Chairman of Pakistan People's Party Syed Y
Published 21 Jul, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (July 20, 2007) and for Saturday (July 21, 2007).
Published 21 Jul, 2007 12:00am
New branch in Mirpur: AJK President lauds BankIslami services

New branch in Mirpur: AJK President lauds BankIslami services

With the initiation of BankIslami's services, people in this part of the country would be greatly facilitated owing to the Shariah compliant products being offered by the institution. This was stated by the President of Azad Jammu and Kashmir, Raja Zulqar
Published 21 Jul, 2007 12:00am
Punjab plans early wheat release

Punjab plans early wheat release

The Punjab government is considering releasing its wheat stock to flour mills before September and will announce a date after it consults with the Flour Mills Association.
Published 21 Jul, 2007 12:00am
River Indus in low flood

River Indus in low flood

According to latest flood situation, River Indus was in low flood at Guddu on Friday where a discharge of 237,332 cusecs was recorded upstream and 199,214 cusecs down stream. However, the river was normal at Sukkur with an upstream discharge of 190,330 cu
Published 21 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
Engro Chemicals earns Rs 1.103 billion profit in six months

Engro Chemicals earns Rs 1.103 billion profit in six months

Engro Chemical Pakistan Limited has earned Rs 1.103 billion profit after tax in the first half of 2007 (January-June 2007), translating an earning per share of Rs 6.56 as compared to Rs 944.587 million with EPS of Rs 5.85 in the corresponding period last
Published 21 Jul, 2007 12:00am
Engro Chemicals earns Rs 1.103 billion profit in six months

Engro Chemicals earns Rs 1.103 billion profit in six months

Engro Chemical Pakistan Limited has earned Rs 1.103 billion profit after tax in the first half of 2007 (January-June 2007), translating an earning per share of Rs 6.56 as compared to Rs 944.587 million with EPS of Rs 5.85 in the corresponding period last
Published 21 Jul, 2007 12:00am
Ulema and Khatibs denounce suicidal attacks

Ulema and Khatibs denounce suicidal attacks

The Ulema and Khatibs while terming the acts of suicidal attacks in the country against the teaching of Islam, have called upon the religious leaders of all sects to unite on one platform and strongly condemn such brutal acts being committed in the name o
Published 21 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
Iran to help in power generation in Karachi

Iran to help in power generation in Karachi

Sindh Governor, Dr Ishrat-ul-Ibad Khan has said there is great potential for investors in the power generation sector in Karachi. The existing power demand gives a reflection of 4000 MW power requirement for the city by the year 2010, he said while talkin
Published 21 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
PAI offers admissions

PAI offers admissions

The new academic session of the Pakistan Advertising Institute (PAI) will commence in July-August this year. According to an announcement, the last date for submission of admission form is July 31. It said that the classes would be conducted during the ev
Published 21 Jul, 2007 12:00am
Azizullah Sheikh passes away

Azizullah Sheikh passes away

Azizullah Sheikh died here on Friday of cardiac arrest. He was 79 years old. Sheikh graduated from SM Law College, and later became as Principal of the College. He was an advocate of the Supreme Court of Pakistan, and was later awarded the distinction of
Published 21 Jul, 2007 12:00am
Rs 1.2 million tax evasion scam detected by customs

Rs 1.2 million tax evasion scam detected by customs

The Appraisement Collectorate of Customs has detected another case of misdeclaration of steel imports, causing a loss of around Rs 1.2 million to the national exchequer as customs duty and sales tax, sources here said.
Published 21 Jul, 2007 12:00am
THE RUPEE: dollar moves both ways on money market

THE RUPEE: dollar moves both ways on money market

The rupee-dollar official parity rates moved both ways in the local currency market on Friday, dealers said. The rupee gained five paisa against dollar in the interbank market for buying and selling at Rs 60.39 and Rs 60.41, respectively.
Published 21 Jul, 2007 12:00am
Police issued special security directives

Police issued special security directives

CCPO Karachi, Azhar Ali Farooqi, has said that special security directives have been issued to Karachi Police in view of terrorist activities in certain parts of the country. The police have been asked to perform its functions with full capacity for estab
Published 21 Jul, 2007 12:00am
THE RUPEE: dollar moves both ways on money market

THE RUPEE: dollar moves both ways on money market

The rupee-dollar official parity rates moved both ways in the local currency market on Friday, dealers said. The rupee gained five paisa against dollar in the interbank market for buying and selling at Rs 60.39 and Rs 60.41, respectively.
Published 21 Jul, 2007 12:00am
PNSC office work still in disorder after February fire

PNSC office work still in disorder after February fire

Office work in Pakistan National Shipping Corporation (PNSC) has remained in disorder after the February 18 fire which destroyed the structure of four upper floors of the 15-story building and displaced hundreds of the staffers.
Published 21 Jul, 2007 12:00am
PIA awarded best track keeping record for 2006

PIA awarded best track keeping record for 2006

Birmingham International Airport Authority has declared PIA with the best track keeping performance record for the year 2006. As recognition PIA has been awarded with a certificate and crystal vase. This achievement, PIA said, is attributable to PIA A-310
Published 21 Jul, 2007 12:00am
Irsa may raise KWSB quota by 1,200 cusec water

Irsa may raise KWSB quota by 1,200 cusec water

Indus River System Authority (Irsa) is likely to increase the water quota by 1,200 cusec for the K-IV 150-mgd water project of Karachi Water and Sewerage Board (KWSB), officials said on Friday. They said the KWSB had demanded of the Irsa for 1,200-cusec a
Published 21 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
NBP to receive Haj applications

NBP to receive Haj applications

National Bank of Pakistan has made arrangements to receive Haj applications in Faisalabad region. Muhammad Aslam Mirza, the Regional Business chief National Bank of Pakistan said that special instructions have been issued to the staff to extend full court
Published 21 Jul, 2007 12:00am
Nation urged to foil anti-state elements designs

Nation urged to foil anti-state elements designs

The religious scholars and Ulema have urged upon the people that they should forge complete unity among the ranks foiling the nefarious designs of anti-state and terrorists in the country. Some hypocrites and self-seekers were misguiding and instigating t
Published 21 Jul, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
TCP to send three employees on Haj

TCP to send three employees on Haj

The Trading Corporation of Pakistan (TCP) will send its three employees to Saudi Arabia to perform Haj. In the balloting, held on Friday, the following have been selected to perform Haj this year: Syed Hussain Shah, Assistant Manager; Shahjahan Mir, Secre
Published 21 Jul, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jul, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jul, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Jul, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (July 20, 2007).

Published 21 Jul, 2007 12:00am
Soomro condemns suicide blasts

Soomro condemns suicide blasts

Chairman Senate, Mohammedmian Soomro has strongly condemned the recent suicide blasts in Kohat, Hub, Hango and Islamabad. No patriot would favour such heinous crime that destroys lives and properties of innocent people, and the nation should face terroris
Published 21 Jul, 2007 12:00am
Supreme Court decisions not a matter of victory or defeat: Tariq Azeem

Supreme Court decisions not a matter of victory or defeat: Tariq Azeem

Minister of State for Information Tariq Azeem said on Friday that the decision of Supreme Court is not a matter of victory or defeat for anyone. Talking to a private TV channel he said if the judiciary is strong in Pakistan and the supremacy of the judici
Published 21 Jul, 2007 12:00am
MPs asked to submit assets statement by September 30

MPs asked to submit assets statement by September 30

Chief Election Commissioner, Justice Qazi Muhammad Farooq (Retd) has sought submission of yearly statements of assets and liabilities by the parliamentarians till September 30, 2007.
Published 21 Jul, 2007 12:00am