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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-08-03
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Light buying lifted US gold futures slightly higher amid low volume early on Thursday, but gold sales by central banks limited further gains as precious metals investors continued to take trading cues from other financial markets.
Published 03 Aug, 2007 12:00am
Media role in Seraiki language promotion lauded

Media role in Seraiki language promotion lauded

Media played important role for promotion of Siraiki language, renowned Seraiki singer Ahmad Nawaz Cheenah said this while talking to APP here. He said television channels like Kook, Wasaib, Rohi and other radio programmes were playing vital role for prom
Published 03 Aug, 2007 12:00am
Construction of Faiz auditorium approved

Construction of Faiz auditorium approved

The federal government has formally approved the construction of Faiz Ahmed Faiz Auditorium at Islamabad. Iftikhar Arif, Chairman Pakistan Academy of Letters (PAL) revealed in a briefing that the auditorium to be set up at the premises of PAL Islamabad wo
Published 03 Aug, 2007 12:00am
Anti-cyber crime offices planned in Lahore and Karachi: PC-1 approved

Anti-cyber crime offices planned in Lahore and Karachi: PC-1 approved

The PC-1 has been approved for strengthening anti-cyber crime wing to effectively deal with the growing menace of computer/Internet related crimes in the country. Director for Cyber Crimes and National Response Centre for Cyber Crimes (NR3C), Federal Inve
Published 03 Aug, 2007 12:00am
NWFP seeks recruitment of 1,000 doctors

NWFP seeks recruitment of 1,000 doctors

The NWFP Minister for Health Inayatullah said that the provincial government had placed requisition for the recruitment of 1,000 doctors with the Public Service Commission, adding efforts were continue to resolve problems confronting doctors' community.
Published 03 Aug, 2007 12:00am
NTC hearing on August 11

NTC hearing on August 11

National Tariff Commission (NTC) would hold a public hearing regarding removal of tariff anomalies pertaining to Farm Milk Chillers (FMCs) here on August 11, at 11.00 am, said a statement. The commission has invited views, suggestions and proposals from a
Published 03 Aug, 2007 12:00am
Richard briefed about law and order situation in Fata

Richard briefed about law and order situation in Fata

The Chief of Staff of British Army, General Richard Dannatt and NWFP Governor, Lieutenant General, Ali Muhammad Jan Aurakzai (Retd) on Thursday overviewed the law and order situation prevalent in the region.
Published 03 Aug, 2007 12:00am
FOCUS distributes relief goods

FOCUS distributes relief goods

Focus Humanitarian Assistance (FOCUS) and Aga Khan Planning and Building service (AKPBS) Pakistan on Wednesday distributed emergency relief items and building materials to hundreds of severely affected families in the coastal areas of Sindh and Balochista
Published 03 Aug, 2007 12:00am
Lal Masjid

Lal Masjid

During the operation dozens of people were killed, including the security forces of Pakistan. Actual figures of casualties did not appear in the newspapers because the print and electronic media were kept away from Lal Masjid and Jamia Hafsa.
Published 03 Aug, 2007 12:00am
The enemy within

The enemy within

The recent tragedy of Lal Masjid has triggered a string of suicide attacks that has exposed the fact that not all share the President's vision of enlightened moderation. It has also added fuel to an already raging fire in the country, which is now engulfi
Published 03 Aug, 2007 12:00am
Olympic visitors to breathe China's "green" dream

Olympic visitors to breathe China's "green" dream

China has some of the world's most serious environmental issues but is committed to prioritising economic development for its 1.3 billion people. Problems include water pollution, algae, chemical spills, surging greenhouse gas emissions from coal burning,
Published 03 Aug, 2007 12:00am
Special Excise Duty and Finance Act 2007

Special Excise Duty and Finance Act 2007

By addition of Section 3A to Federal Excise Act-2005 (Act), the 'Special Excise Duty' has came to the statute's book through Finance Act-2007. Proposal for such addition did not appear in the Finance Bill-2007. However, it is there in the Finance Act-2007
Published 03 Aug, 2007 12:00am
Trade accords with China

Trade accords with China

The 50-member visiting Trade Mission from China signed agreements with 15 Pakistani companies July 19, paradoxically the day a deadly suicide blast was aimed at Chinese workers at Hub Chowki in Balochistan. It is, however, just another matter that provide
Published 03 Aug, 2007 12:00am
Accountability and education

Accountability and education

In his new assignment as Chairman of the National Commission for Governance Reforms (NCGR), former governor of the State Bank of Pakistan, Dr Ishrat Husain, is emphasising transparency and accountability, the lack of which, he observed at a seminar on "Go
Published 03 Aug, 2007 12:00am
IT venture capital fund

IT venture capital fund

Prime Minister Shaukat Aziz has urged Pakistani investors to establish a venture capital fund for Pakistan's Information Technology industry to promote an innovative and knowledge-based economy in the country, says a news report carried by this paper. The
Published 03 Aug, 2007 12:00am
NWFP demands omission of concurrent list

NWFP demands omission of concurrent list

Cabinet committee of the NWFP government on provincial autonomy has called for complete omission of the concurrent list, proper representation of small federating units on important posts in federal bureaucracy. These proposals were incorporated in recomm
Published 03 Aug, 2007 12:00am
US assures help in return of exiled leaders: PML-N

US assures help in return of exiled leaders: PML-N

The US Ambassador to Pakistan, Anne W Patterson has called on the PML (N) delegation and assured them that Washington would play its role in the return of exiled leaders including Nawaz Sharif if there are no cases against them.
Published 03 Aug, 2007 12:00am
16 power thieves caught

16 power thieves caught

QESCO authorities arrested 16 persons red handed while stealing electricity in different parts of provincial capital. QESCO sources said here Thursday that QESCO special team consisting of XEN City Division Muhammad Ashraf Tareen.
Published 03 Aug, 2007 12:00am
AVCU recovers kidnapped boy

AVCU recovers kidnapped boy

Anti-Violent Crime Unit (AVCU) recovered a boy abducted two days back and arrested four culprits after a brief police encounter, said Manzoor Mughal, DIG Investigation. He said this while addressing a press conference on Thursday in head office of ACVU.
Published 03 Aug, 2007 12:00am
Sugarcane cultivation area declining

Sugarcane cultivation area declining

Area under sugarcane cultivation is declining as farmers are shifting their cultivated lands to other cash and food crops. This was stated in a report of Karachi Chamber of Commerce and Industry (KCCI). The report noted that area under sugarcane cultivati
Published 03 Aug, 2007 12:00am
Effective security measures ordered

Effective security measures ordered

Important decisions involving effective strategy were taken for protection against terrorism and subversion threats at a high level meeting of police officers held under the chairmanship IG Police Sindh Zia-ul-Hasan Khan here on Thursday.
Published 03 Aug, 2007 12:00am
Reservoirs to be filled by middle of month: Irsa

Reservoirs to be filled by middle of month: Irsa

Reservoirs would be filled by the mid of August and the provinces are getting supplies as per their indents, said Indus River System Authority (Irsa) Chairman Muhammad Khan Memon on Thursday. Speaking at a meeting chaired by the minister for water and pow
Published 03 Aug, 2007 12:00am
KPC members can enjoy free medical facilities at CDGK hospitals

KPC members can enjoy free medical facilities at CDGK hospitals

All the bona fide members of Karachi Press Club will henceforth enjoy free medical facilities in all the hospitals of City District Government Karachi. An announcement in this regard was made by Nazim Karachi, Syed Mustafa Kamal, while speaking at "Meet t
Published 03 Aug, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (August 02, 2007) and the forecast for Friday (August 03, 2007).
Published 03 Aug, 2007 12:00am
Motorola launches Bluetooth Headset

Motorola launches Bluetooth Headset

Motorola has launched the Ff350 Bluetooth Headset, a discreet and sophisticated Headset that combines elegance and enhanced performance, to consumers in Pakistan, said in a press release issued on Thursday. "The H350 Bluetooth Headset is offering consumer
Published 03 Aug, 2007 12:00am
New York cotton

New York cotton

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

Published 03 Aug, 2007 12:00am
CMIT told to take action against SDO

CMIT told to take action against SDO

Chief Minister Pervaiz Elahi has ordered to take disciplinary action against SDO Shah Jewna Drainage sub-divions Asif Gul and tube-well Operator Mukhtar Hussain for irregularities committed in the sub-division, Irrigation Department in Sargodha.
Published 03 Aug, 2007 12:00am
New York cotton

New York cotton

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

Published 03 Aug, 2007 12:00am
Uplifts schemes to help PML win elections: Elahi

Uplifts schemes to help PML win elections: Elahi

Chief Minister Chaudhry Pervaiz Elahi said that the Pakistan Muslim League's PML (Q) government has adopted revolutionary measures for the socio-economic and industrial development of the province.
Published 03 Aug, 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 03 Aug, 2007 12:00am
Potohar plateau: ADB approached for implementation of new BIWRSP

Potohar plateau: ADB approached for implementation of new BIWRSP

Punjab Irrigation and Power Department has approached Asian Development Bank (ADB) for implementation of new "Barani Integrated Water Resources Sector Project" (BIWRSP), which will operate on the Potohar plateau in the districts Jehlum, Chakwal, Rawalpind
Published 03 Aug, 2007 12:00am
Construction of Shad Bagh road announced

Construction of Shad Bagh road announced

Minister of State for Parliamentary Affairs and Senator Kamil Ali Agha met Chief Minister Pervaiz Elahi here at the Chief Minister's Secretariat on Thursday to discuss the Pakistan Muslim League's organisational affairs and development projects in Lahore.
Published 03 Aug, 2007 12:00am
AFC delegation inspects Model Town Club facilities

AFC delegation inspects Model Town Club facilities

A two-member AFC delegation inspected the C-Block Ground of Model Town Football Club (MTFC) here on Thursday to decide whether the venue is equipped with required facilities to act as training field of third AFC President's Cup from 20-30 September 2007.
Published 03 Aug, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 02, 2007).

Published 03 Aug, 2007 12:00am
Punjab University starts course for bank officers

Punjab University starts course for bank officers

The Punjab University Director of Institute of Business Administration, Dr Ehsan Malik has announced that his institute will provide professional assistance to all employees working for economic organisations. He made this announcement in the orientation
Published 03 Aug, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (August 02, 2007) and for Thursday (Friday 03, 2007).
Published 03 Aug, 2007 12:00am
Shuhada-e-Islam conference today

Shuhada-e-Islam conference today

Shuhada-e-Islam conference would be organised by Naujawanan-e-Tauheed Wal Sunnah on Friday to commemorate martyrdom of Maulana Abdul Rasheed Ghazi and students killed in Lal Masjid operation.
Published 03 Aug, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 02, 2007).

Published 03 Aug, 2007 12:00am
15 model seminaries set up in Punjab

15 model seminaries set up in Punjab

Auqaf department Punjab has set up 15 model religious madrasas in different cities of the province including provincial capital. Punjab Minister for Auqaf Syed Saeedul Hassan, addressing a seminar at a local hotel on Thursday, said the madrasas adjoining
Published 03 Aug, 2007 12:00am
Etihad increases Karachi-Abu Dhabi flights

Etihad increases Karachi-Abu Dhabi flights

The Etihad Airways has increased its Karachi to Abu Dhabi flights services to 11 weekly flights and the airline now offers daily flights from August 1, 2007. With this increase EY 222 will operate four times a week, on Wednesday, Thursday, Saturday and Su
Published 03 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 02, 2007).

Published 03 Aug, 2007 12:00am
Fesco to install 600 MVA transformer

Fesco to install 600 MVA transformer

Faisalabad Electric Supply Company (FESCO) has decided to install a new 600 MVA transformer to overcome the power supply shortage at Gatti grid station, which is the main source of electricity supply to industrial city.
Published 03 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 02, 2007).

Published 03 Aug, 2007 12:00am
Obituary

Obituary

The younger brother of Justice Hasnat Ahmad Khan of the Lahore High Court, Bakhtiar Ahmad Khan, died here on Wednesday night. Court judges, law officers and senior bar members joined his funeral. Quran Khawani will be held at 5.30 pm on August 5 at 4-Toll
Published 03 Aug, 2007 12:00am
Malaysian expedition team reaches Multan

Malaysian expedition team reaches Multan

Participants of Malaysia independence expedition-2 arrived here on Thursday who had started their journey on July 6th from London (UK). They had completed the travel of Paris, Macon (France), Geneva (Switzerland), Milan, Pisa-Foligno, Rome, and Bari (Ital
Published 03 Aug, 2007 12:00am
Work on 150-km long sewer lines starts in Multan

Work on 150-km long sewer lines starts in Multan

Acting city district nazim Syed Wajid Ali Shah has said that under the Environmental Development Project, the changing of old water pipelines and laying down of new pipelines would be started soon in Multan city. He said that work on 150-km long sewer lin
Published 03 Aug, 2007 12:00am
THE RUPEE: parity unchanged in interbank market

THE RUPEE: parity unchanged in interbank market

The rupee did not show any change against dollar in the interbank market on Thursday for buying at Rs 60.38 and selling at Rs 60.39, dealers said. The rupee maintained its overnight level against dollar despite higher demand by the importers, they said.
Published 03 Aug, 2007 12:00am
ACCA annual quiz competition

ACCA annual quiz competition

The ACCA Pakistan is organising an annual quiz competition for ACCA learning partnership institutions' students in August this year. Lahore, Islamabad and Karachi will hold the provincial competitions on August 6, 7 and 13 and final one will be in Lahore
Published 03 Aug, 2007 12:00am
THE RUPEE: parity unchanged in interbank market

THE RUPEE: parity unchanged in interbank market

The rupee did not show any change against dollar in the interbank market on Thursday for buying at Rs 60.38 and selling at Rs 60.39, dealers said. The rupee maintained its overnight level against dollar despite higher demand by the importers, they said.
Published 03 Aug, 2007 12:00am
'Brown clouds of pollution multiplied solar heating by 50 percent'

'Brown clouds of pollution multiplied solar heating by 50 percent'

Brown clouds of pollution over South Asia have multiplied solar heating of the lower atmosphere by 50 percent, says a new research by scientists at the Scripps Institution of Oceanography at the University of California, San Diego.
Published 03 Aug, 2007 12:00am
US envoy for strong democratic institutions

US envoy for strong democratic institutions

American Ambassador Anne W Patterson encouraged "strong, vibrant institutions essential for democracy in Pakistan". Inaugurating the Punjab Assembly's new Parliamentary Resource Centre on the second day of her visit to Lahore on Thursday, she said.
Published 03 Aug, 2007 12:00am
WiMAX 3-G in two months, says PTA chief

WiMAX 3-G in two months, says PTA chief

The Pakistan Telecommunication Authority (PTA) Chairman, Shahzada Alam Malik has said that WiMAX, the 3-G technology will be available in Pakistan's market within next two months. "A Gulf-based company is rolling in the new technology in this part of the
Published 03 Aug, 2007 12:00am
Theatre be used as agent of change: Amjad

Theatre be used as agent of change: Amjad

Theatre has its own value, which can play a vital role to bring a drastic change in the society. Its value can be enhanced by using it (theatre) as an influential plate-forum for highlighting the social issues and their solutions and by doing so it can po
Published 03 Aug, 2007 12:00am
Rs 3.41 billion set aside for assisting poor

Rs 3.41 billion set aside for assisting poor

The Punjab government has sanctioned Rs 3.41 billion for assisting poor people during 2007-08. The Punjab Minister for Zakat and Ushr, Mian Khadim Hussain Wattoo, said on Thursday that out of Rs 3.41 billion, Rs 1225.360 million have been allocated for de
Published 03 Aug, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (August 02, 2007).

Published 03 Aug, 2007 12:00am
Textile exports may suffer severe setback: PTEA

Textile exports may suffer severe setback: PTEA

Exporters of cotton cloth are struggling hard to sustain respectable level in international market notwithstanding their incompetitive prices and heavily loaded production cost. In case the government did not take cognisance of the declining trend in thes
Published 03 Aug, 2007 12:00am
Al Meezan Fund announce healthy dividends

Al Meezan Fund announce healthy dividends

The Board of Directors of Al Meezan Mutual Fund Ltd (AMMF), on Wednesday approved the financial results for the year ended June 30, 2007 and announced 25 percent cash (ie Rs 2.5 per share) and 15 percent stock dividend.
Published 03 Aug, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Aug, 2007 12:00am
Al Meezan Fund announce healthy dividends

Al Meezan Fund announce healthy dividends

The Board of Directors of Al Meezan Mutual Fund Ltd (AMMF), on Wednesday approved the financial results for the year ended June 30, 2007 and announced 25 percent cash (ie Rs 2.5 per share) and 15 percent stock dividend.
Published 03 Aug, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (August 02, 2007).

Published 03 Aug, 2007 12:00am
APNS flays attack on Ausaf office

APNS flays attack on Ausaf office

The All Pakistan Newspaper Society has condemned the attack on the bureau office of Daily Ausaf at Murree and harassment of its staffers by armed hooligans stated to be associated with TOR Murree and termed it as a violence against the freedom of press, s
Published 03 Aug, 2007 12:00am
Central Insurance profits increased to Rs 39.576 million

Central Insurance profits increased to Rs 39.576 million

The profit after tax (PAT) of the Central Insurance Company Limited (CICL) has increased to Rs 39.576 million in the second quarter ended on June 30, 2007 as compared to Rs 18.477 million earned in the corresponding period in 2006.
Published 03 Aug, 2007 12:00am
Central Insurance profits increased to Rs 39.576 million

Central Insurance profits increased to Rs 39.576 million

The profit after tax (PAT) of the Central Insurance Company Limited (CICL) has increased to Rs 39.576 million in the second quarter ended on June 30, 2007 as compared to Rs 18.477 million earned in the corresponding period in 2006.
Published 03 Aug, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Aug, 2007 12:00am
Corporate Results: EOBI earns Rs 20.386 billion in 2006-07

Corporate Results: EOBI earns Rs 20.386 billion in 2006-07

The Employees' Old Age Benefits Institution (EOBI) earned Rs 20.386 billion during 2006-07 on its total portfolio investment of more than Rs 131 billion, it was learnt on Thursday. The total portfolio of the EOBI as on June 30, 2007 was Rs 131,257.677 mil
Published 03 Aug, 2007 12:00am
IBP's website received record hits in July

IBP's website received record hits in July

The Institute of Bankers Pakistan's (IBP) website is gaining popularity and attracting world-wide attention in terms of its utility to users as it received 5.128 million hits during July-2007 which is a new record. At an average of 165,425 hits per day th
Published 03 Aug, 2007 12:00am
Teradata keen to increase investment

Teradata keen to increase investment

"Teradata is keen to increase its volume of investment in Pakistan owing to the tremendous potential growth in the IT sector", said the Vice President-of Teradata for Europe, Middle East and Africa, Hermann Wimmer during a recent visit to Pakistan
Published 03 Aug, 2007 12:00am
SBP slammed for raising discount rate

SBP slammed for raising discount rate

Dr Mirza Ikhtiar Baig has strongly criticised Governor State Bank for her further tightening up the monetary policy for the consecutive increase in the discount rates to 10 percent and reducing State Bank contribution by 30 percent towards export refinanc
Published 03 Aug, 2007 12:00am
KWSB to set up 35 megawatts power plant at Dhabeji

KWSB to set up 35 megawatts power plant at Dhabeji

Karachi Water and Sewerage Board (KWSB) has chalked out a plan to establish 35 megawatt (MW) power plant at Dhabeji, KWSB official informed Business Recorder on Thursday. Thirty-five MW more electricity would be available after plant completion at
Published 03 Aug, 2007 12:00am
NCHD media resource centre inaugurated

NCHD media resource centre inaugurated

Chairman, National Commission for Human Development (NCHD), Dr Nasim Ashraf, inaugurated the NCHD Media Resource Centre (MRC). A statement here on Thursday said that NCHD Public Relations/Media Department established the MRC. It will serve as the nerve ce
Published 03 Aug, 2007 12:00am
World class hallmarking to be introduced shortly: PGJDC

World class hallmarking to be introduced shortly: PGJDC

Hallmarking and assaying at international standards would be introduced for the first time in Pakistan shortly to maintain quality of gold/gold jewellery in order to facilitate and help boost its exports.
Published 03 Aug, 2007 12:00am
Another 400 megawatts coal-based power plant to be set up at Thar

Another 400 megawatts coal-based power plant to be set up at Thar

A 400-Megawatt coal-based power plant will be set up at Thar coal field by an Australian company at an estimated cost of $400 to 500 million, Business Recorder learnt on Thursday. This will be the first power plant of its kind in which Australian c
Published 03 Aug, 2007 12:00am
German scholar visits DIHE

German scholar visits DIHE

A senior German academician Professor Diether Gebert, Chairman, Department for Organisation, Human Resource Management and Leadership, Berlin Technical University, stressed the need to make the higher education programs in different disciplines, basically
Published 03 Aug, 2007 12:00am
HEC launches digital library having over 40,000 e-books

HEC launches digital library having over 40,000 e-books

The Higher Education commission (HEC) has taken historic step by launching its 'digital library programme' having over 40,000 e-books and over 25,000 journals of worlds' leading publishers to cater the specific needs of the public and private universities
Published 03 Aug, 2007 12:00am
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