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Print - 2007-08-04
PAC meeting

PAC meeting

The Punjab Assembly Public Accounts Committee No 1 has disposed of most of reports about Forest Department expenses after it objected. The committee held its meeting with Azeem Noori Ghhuman in the chair to discuss the department's audit.
Published 04 Aug, 2007 12:00am
Use of hydro, thermal sources urged to meet power needs

Use of hydro, thermal sources urged to meet power needs

Punjab Power Minister Chaudhry Armaghan Subhani has said the Punjab Power Development Board should use both hydro and thermal power sources to meet power demands in the province. He made the comments while chairing a meeting to review the progress of the
Published 04 Aug, 2007 12:00am
Senate body reviews changes proposed in rules of procedure

Senate body reviews changes proposed in rules of procedure

Senate Committee on Rules of Procedure and Privileges met here on Friday to discuss formation of rules, keeping in view future requirements of the parliament. The meeting was presided over by the Committee Chairman Senator Syed Tahir Hussain Mashhadi.
Published 04 Aug, 2007 12:00am
UNDP launches DDRMP in quake-hit districts of AJK

UNDP launches DDRMP in quake-hit districts of AJK

AJK President Raja Zulqarnain Khan has said that after devastated earthquake of October 8, 2005, untiring and timely rescue and relief provided by national, international NGOs and UN agencies enabled us to move towards the normal life within short span of
Published 04 Aug, 2007 12:00am
Government considering establishing six new hospitals

Government considering establishing six new hospitals

Sindh Health Department is considering proposals to establish six hospitals in major cities of the province at an estimated cost of Rs 250 million. These hospitals would be first of their kind established anywhere in the country.
Published 04 Aug, 2007 12:00am
Land mafia

Land mafia

A group of land grabbers led by Muhammad Ali Narejo attacked and opened fire on security staff of the University of Sindh. The University of Sindh in this connection has lodged a complaint at Police Station Jamshoro against Muhammad Ali Narejo and 6 other
Published 04 Aug, 2007 12:00am
National Assembly body condoles member's death

National Assembly body condoles member's death

A meeting of National Assembly Standing Committee on Population Welfare was held on Friday. Gul-e-Farkhanda presided over the meeting that decided to postpone the proceedings due to sad demise of its member, Riffat Amjad.
Published 04 Aug, 2007 12:00am
Auto body centre

Auto body centre

The first ever Auto Body Centre will be inaugurated by Kenichi Ayukawa, Managing Director on Saturday, at E-89/90, North West Industrial Zone, Port Qasim. This new Auto Body Centre will be a milestone in the history of Pakistan's automobile industry.
Published 04 Aug, 2007 12:00am
Road safety: minister orders constitution of survey teams

Road safety: minister orders constitution of survey teams

Punjab Communication and Works Minister Chaudhry Zaheer-ud-Din Khan has ordered his secretary to constitute survey teams made up of engineers and road experts to identify black spots and dangerous curves on various roads in the province.
Published 04 Aug, 2007 12:00am
Punjab University publishes volume No 26 of Al-Hikmat

Punjab University publishes volume No 26 of Al-Hikmat

Punjab University Department of Philosophy has published volume No 26 of its research journal titled "Al-Hikmat". Punjab University vice-chancellor Arshad Mahmood is the Patron of this Journal. Sajid Ali is Editor-in-Chief of the journal.
Published 04 Aug, 2007 12:00am
Breast-feeding can reduce infant mortality rate: expert

Breast-feeding can reduce infant mortality rate: expert

The first hour early initiation and exclusive breast-feeding for six months can reduce the annual infant mortality rate up to 22 percent in the province, health services Director General Dr Muhammad Aslam told reporters here on Friday.
Published 04 Aug, 2007 12:00am
'Role of NGOs vital to overcome natural disasters'

'Role of NGOs vital to overcome natural disasters'

Relief and Crisis Management Punjab Secretary Syed Ghazanfar Ali has said that the role of NGOs is significant to overcome natural calamities and timely relief activities.
Published 04 Aug, 2007 12:00am
The Weather

The Weather

The weather report on Friday (August 03, 2007) and the forecast for Saturday (August 04, 2007).
Published 04 Aug, 2007 12:00am
Flood risk management workshop starts in Islamabad

Flood risk management workshop starts in Islamabad

A ten-day training workshop on flash flood risk management in the Himalayan region has began at International Centre for Integrated Mountain Development (ICIMOD), Kathmandu.
Published 04 Aug, 2007 12:00am
New York cotton

New York cotton

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

Published 04 Aug, 2007 12:00am
LHC adjourns hearing of Punjab University students' petition

LHC adjourns hearing of Punjab University students' petition

The Lahore High Court heard identical petitions by Journalism Department students, ruling that the action of the Punjab University concerning the matter of granting grace marks to the students by the Board of Studies amounted to contempt of court.
Published 04 Aug, 2007 12:00am
New York cotton

New York cotton

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

Published 04 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 04 Aug, 2007 12:00am
Kachhi canal project to be completed by December 2008

Kachhi canal project to be completed by December 2008

The phase-I of Kachhi Canal Project comprising 400-km long main canal and head regulator will be completed by December 2008. Chairman Wapda Tariq Hamid said the completion of phase-I would facilitate irrigating 1,02,000 acres of land in District Dera Bugt
Published 04 Aug, 2007 12:00am
Makhdoom resigned at his free will: Wasi

Makhdoom resigned at his free will: Wasi

Law Minister Wasi Zafar has said that former Attorney General of Pakistan, Makhdoom Ali Khan has resigned at his free will and there was no pressure whatsoever on him.
Published 04 Aug, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 03, 2007).

Published 04 Aug, 2007 12:00am
Rashid welcomes Hashmi's release

Rashid welcomes Hashmi's release

Minister for Railways Sheikh Rashid Ahmad on Friday welcomed the release order of Makhdoom Javed Hashmi by the Supreme Court of Pakistan saying no political worker should remain in jail. In an interview to a private television channel, the minister said t
Published 04 Aug, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (August 03, 2007) and for Saturday (Friday 04, 2007).
Published 04 Aug, 2007 12:00am
Prime Minister attributes threats to US elections drive

Prime Minister attributes threats to US elections drive

Prime Minister Shaukat Aziz on Friday said Pakistan would not allow any country to launch military operation inside its territory. He termed the recent threats by US presidential candidates to invade Pakistan merely as part of their electioneering that is
Published 04 Aug, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (August 03, 2007).

Published 04 Aug, 2007 12:00am
Government urged to acquire renewable energy technology from China

Government urged to acquire renewable energy technology from China

The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to seek assistance from Chines government to provide technical support for producing photovoltaic solar energy cells. This was stated in a report on power sector in Pakistan.
Published 04 Aug, 2007 12:00am
Fazl not to provide safe passage to Musharraf: Qazi

Fazl not to provide safe passage to Musharraf: Qazi

Muttahida Majlis-i-Amal President and Amir of Jamaat-i-Islami Qazi Hussain Ahmad made it clear that no member of party of the MMA will give safe passage to General Pervez Musharraf.
Published 04 Aug, 2007 12:00am
Benazir to contest from three constituencies

Benazir to contest from three constituencies

Pakistan Peoples Party Parliamentarians (PPPP) Chairperson Benazir Bhutto is likely to contest for the National Assembly seat from Shahdad Kot, Qambar and Lyari Karachi. This information was revealed to 'Business Recorder' by party sources here on Friday.
Published 04 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 03, 2007).

Published 04 Aug, 2007 12:00am
KBCA takes action against illegal private schools

KBCA takes action against illegal private schools

Karachi Building Control Authority (KBCA), on the directive of Chief Controller of Buildings Rauf Akhtar Farooqi, has taken action against newly established irregular private schools in Gulberg Town.
Published 04 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 03, 2007).

Published 04 Aug, 2007 12:00am
Sale of firecrackers banned

Sale of firecrackers banned

District Magistrate Islamabad Chaudhry Muhammad Ali, under section 144 Cr. PC 1898, has prohibited the stock, sale, purchase and use of fire crackers within the revenue limits of Islamabad district, said an official order here. This order shall come into
Published 04 Aug, 2007 12:00am
THE RUPEE: minor changes in ratios on currency market

THE RUPEE: minor changes in ratios on currency market

The rupee moved up slightly against dollar in interbank market on Friday for buying and selling at Rs 60.39 and Rs 60.40, respectively. The rupee was firm as supply of dollars was good to meet the demand, they said.
Published 04 Aug, 2007 12:00am
THE RUPEE: minor changes in ratios on currency market

THE RUPEE: minor changes in ratios on currency market

The rupee moved up slightly against dollar in interbank market on Friday for buying and selling at Rs 60.39 and Rs 60.40, respectively. The rupee was firm as supply of dollars was good to meet the demand, they said.
Published 04 Aug, 2007 12:00am
KSE one of best performing markets in region: Salman

KSE one of best performing markets in region: Salman

The Karachi Stock Exchange (KSE) is one of the best performing share markets in the region as the benchmark KSE-100 index has grown by 51 percent in FY07 with a net gain of 770 points.
Published 04 Aug, 2007 12:00am
KSE one of best performing markets in region: Salman

KSE one of best performing markets in region: Salman

The Karachi Stock Exchange (KSE) is one of the best performing share markets in the region as the benchmark KSE-100 index has grown by 51 percent in FY07 with a net gain of 770 points.
Published 04 Aug, 2007 12:00am
KSE one of best performing markets in region: Salman

KSE one of best performing markets in region: Salman

The Karachi Stock Exchange (KSE) is one of the best performing share markets in the region as the benchmark KSE-100 index has grown by 51 percent in FY07 with a net gain of 770 points.
Published 04 Aug, 2007 12:00am
Five Pakistanis executed in Saudi Arabia

Five Pakistanis executed in Saudi Arabia

Saudi Arabia said on Friday it had beheaded five Pakistanis and one Nigerian for drug smuggling and armed robbery, one of the highest numbers of executions in the kingdom in a single day.
Published 04 Aug, 2007 12:00am
Five Pakistanis executed in Saudi Arabia

Five Pakistanis executed in Saudi Arabia

Saudi Arabia said on Friday it had beheaded five Pakistanis and one Nigerian for drug smuggling and armed robbery, one of the highest numbers of executions in the kingdom in a single day.
Published 04 Aug, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (August 03, 2007).

Published 04 Aug, 2007 12:00am
Azgard Nine defers bond issue

Azgard Nine defers bond issue

Pakistani textile and fertiliser maker has postponed its international bond issue due to poor market conditions, sources familiar with the deal said on Friday, with other pending high yield issues from Asia also seen as vulnerable.
Published 04 Aug, 2007 12:00am
Azgard Nine defers bond issue

Azgard Nine defers bond issue

Pakistani textile and fertiliser maker has postponed its international bond issue due to poor market conditions, sources familiar with the deal said on Friday, with other pending high yield issues from Asia also seen as vulnerable.
Published 04 Aug, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Aug, 2007 12:00am
Azgard Nine defers bond issue

Azgard Nine defers bond issue

Pakistani textile and fertiliser maker has postponed its international bond issue due to poor market conditions, sources familiar with the deal said on Friday, with other pending high yield issues from Asia also seen as vulnerable.
Published 04 Aug, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (August 03, 2007).

Published 04 Aug, 2007 12:00am
Azgard Nine defers bond issue

Azgard Nine defers bond issue

Pakistani textile and fertiliser maker has postponed its international bond issue due to poor market conditions, sources familiar with the deal said on Friday, with other pending high yield issues from Asia also seen as vulnerable.
Published 04 Aug, 2007 12:00am
Four hurt in bomb blast near police station

Four hurt in bomb blast near police station

A bomb exploded close to a police station in NWFP town on Friday, injuring four people including a police intelligence official, police said. The blast came amid a spate of violence that has gripped the country since troops stormed the radical Red Mosque
Published 04 Aug, 2007 12:00am
Four hurt in bomb blast near police station

Four hurt in bomb blast near police station

A bomb exploded close to a police station in NWFP town on Friday, injuring four people including a police intelligence official, police said. The blast came amid a spate of violence that has gripped the country since troops stormed the radical Red Mosque
Published 04 Aug, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Aug, 2007 12:00am
KESC shuts unit-I of Korangi power plant

KESC shuts unit-I of Korangi power plant

Karachi Electric Supply Corporation (KESC) has closed down on permanent basis the 60 Megawatt Unit-I of Korangi Thermal Power Plant (KTPP) on Friday. The decision was taken as boiler of the Unit-I leaked for almost 10 times during a period of last 41 days
Published 04 Aug, 2007 12:00am
KESC shuts unit-I of Korangi power plant

KESC shuts unit-I of Korangi power plant

Karachi Electric Supply Corporation (KESC) has closed down on permanent basis the 60 Megawatt Unit-I of Korangi Thermal Power Plant (KTPP) on Friday. The decision was taken as boiler of the Unit-I leaked for almost 10 times during a period of last 41 days
Published 04 Aug, 2007 12:00am
KESC shuts unit-I of Korangi power plant

KESC shuts unit-I of Korangi power plant

Karachi Electric Supply Corporation (KESC) has closed down on permanent basis the 60 Megawatt Unit-I of Korangi Thermal Power Plant (KTPP) on Friday. The decision was taken as boiler of the Unit-I leaked for almost 10 times during a period of last 41 days
Published 04 Aug, 2007 12:00am
China needs: FDI to boost economic growth

China needs: FDI to boost economic growth

China won't change its policy of absorbing foreign direct investment (FDI) as an engine for economic growth though it will become more picky in choosing good projects, state media cited a vice-minister as saying on Friday. China has been increasing its sc
Published 04 Aug, 2007 12:00am
India defers new oil and gas auction until November

India defers new oil and gas auction until November

India has postponed until November its next auction of oil and gas blocks due to a shortage of rigs and a dispute over gas pricing, the country's upstream regulator said on Friday. It had planned to auction about 80 blocks this month.
Published 04 Aug, 2007 12:00am
Karachi Collectorate tops pending rebate claims list

Karachi Collectorate tops pending rebate claims list

A total of 28,143 duty drawback claims involving Rs 997.174 million are pending with the collectorates of customs for 2006-2007. Report said that according to a one-year data compiled by the board, regional customs offices have paid an amount of over Rs 6
Published 04 Aug, 2007 12:00am
Pakistan and India agree to free fishermen

Pakistan and India agree to free fishermen

Pakistani and Indian authorities have agreed to release at least 60 fishermen imprisoned in the two countries for poaching in each other's territorial waters, a senior official said Friday.
Published 04 Aug, 2007 12:00am
Pakistan and India agree to free fishermen

Pakistan and India agree to free fishermen

Pakistani and Indian authorities have agreed to release at least 60 fishermen imprisoned in the two countries for poaching in each other's territorial waters, a senior official said Friday.
Published 04 Aug, 2007 12:00am
Pakistan and Turkey enjoy brotherly relations: minister

Pakistan and Turkey enjoy brotherly relations: minister

Turkey and Pakistan enjoy brotherly relations deeply rooted in history. The Turkish and Pakistani peoples have been in close contact throughout the history and have mutually influenced each other socially and culturally.
Published 04 Aug, 2007 12:00am
Pakistan keen to enhance ties with Asean

Pakistan keen to enhance ties with Asean

Pakistan is keen to further develop political, security and economic relationship with Association of Southeast Asian Nations (Asean) in line with its vision East Asia Policy. State Minister for Foreign Affairs Makhdum Khusro Bakhtyar stated this at the m
Published 04 Aug, 2007 12:00am
'Benazir to risk arrest in return to country'

'Benazir to risk arrest in return to country'

Former Pakistan Prime Minister Benazir Bhutto will fly home later this year to contest parliamentary elections despite the risk of arrest, her spokesman in London said on Friday. "Next month or the following month Ms Bhutto will be travelling to Pakistan,
Published 04 Aug, 2007 12:00am
PML-N invites applications for general elections

PML-N invites applications for general elections

President of PML(N) Punjab, Zulfiqar Ali Khan Khosa, has said that PML(N) Punjab has invited applications from persons seeking party tickets for the coming general elections for Provincial and National Assemblies. Applications will be received from August
Published 04 Aug, 2007 12:00am
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