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Print - 2007-08-23
Is the flag flying at your place?

Is the flag flying at your place?

The Independence Day celebrations start on the 1st of August and continue till 31st. For the whole month, every citizen has a right to fly the national flag, at his home, office, vehicle, anywhere. Many do.
Published 23 Aug, 2007 12:00am
Manoeuvring ahead of German decision on Afghan mandates

Manoeuvring ahead of German decision on Afghan mandates

The German aid worker dramatically freed in Kabul after being abducted was returning home to Germany on Tuesday amid a rising debate on the politically controversial deployment of troops to Afghanistan. Christina Meier, who was abducted on Saturday, left
Published 23 Aug, 2007 12:00am
Presidential race adds to Lebanese political tensions

Presidential race adds to Lebanese political tensions

The heated race between Lebanon's political factions to agree on a common candidate for the upcoming presidential election is raising tensions yet further in a country already stymied by a 10-month-old political impasse.
Published 23 Aug, 2007 12:00am
In the eye of a storm

In the eye of a storm

Nothing could be more ill rewarding for the government of Pakistan than its friendship with the United States. Pakistan ditched the Taliban government in Afghanistan; arrested and handed over to the United States hundreds of so-called terrorists; hunted i
Published 23 Aug, 2007 12:00am
TAP pipeline project

TAP pipeline project

The Pakistan government has awarded the contract for laying the Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project to the US-based International Oil Company (IOC), which is estimated to cost $10 billion. A local TV channel has quoted a press rel
Published 23 Aug, 2007 12:00am
Musharraf asked to shed uniform

Musharraf asked to shed uniform

President of Pakistan Tehreek-i-Insaf Imran Khan has asked President General Pervez Musharraf to shed uniform and hold free and fair election under an impartial interim set-up. In an interview with a private TV channel he said the lawyers' community succe
Published 23 Aug, 2007 12:00am
Steps taken to keep prices at reasonable rates: Prime Minister

Steps taken to keep prices at reasonable rates: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said that the government has taken numerous measures and will continue its efforts to ensure provision of essential commodities to the people at reasonable rates before and during the holy month of Ramazan.
Published 23 Aug, 2007 12:00am
Rs 1.39 billion allocated to promote education in Fata

Rs 1.39 billion allocated to promote education in Fata

Seriously taking up the issue of low literacy rate in federally administered tribal areas (FATA), the government has allocated major chunk of funds amounting Rs 1395.89 million for education sector in Fata for establishing more institutions and improving
Published 23 Aug, 2007 12:00am
Prime Minister studying incentive package for computer industry

Prime Minister studying incentive package for computer industry

Prime Minister Shaukat Aziz is examining an incentive package for computer industry to abolish duties/taxes on the import of call center equipment; withdraw GST on computers and levy 10 percent customs duty on the import of computer value of $600 or less.
Published 23 Aug, 2007 12:00am
'Latest techniques help reduce construction cost'

'Latest techniques help reduce construction cost'

Punjab Minister for Housing and Urban Development Syed Raza Ali Gillani has said the cost of construction could be reduced by adopting modern methods in the housing sector. He urged Housing department officers to follow latest techniques in the constructi
Published 23 Aug, 2007 12:00am
FBR chief addresses Lums workshop today

FBR chief addresses Lums workshop today

The chairman, Federal Board of Revenue (FBR), M. Abdullah Yusuf, will address the first training workshop on "Leading & Managing Change" arranged for tax officials of Grade 20-21 on August 23 (today) at Lahore.
Published 23 Aug, 2007 12:00am
Peshawar CNG stations strike may extend to whole province

Peshawar CNG stations strike may extend to whole province

The strike of CNG filling stations in Peshawar continued for the second day on Wednesday and was likely to extend to other districts of the NWFP as negotiations between All Pakistan CNG Association (NWFP Zone) and City District Nazim failed in making any
Published 23 Aug, 2007 12:00am
Tree plantation: forest department asked to motivate people

Tree plantation: forest department asked to motivate people

Punjab Forest Minister Dr Ashfaq-ur-Rehman has ordered the Forest Department to motivate people through print and electronic media to plant maximum trees and to create awareness about the economic and environmental importance of plantation.
Published 23 Aug, 2007 12:00am
Import of power from Iran: authorities directed to remove bottlenecks

Import of power from Iran: authorities directed to remove bottlenecks

Federal Minister for Water and Power, Liaquat Ali Jatoi has said that import of cheap electricity from Iran to Balochistan would benefit both the countries and the consumers of the region. He directed the authorities concerned to remove bottlenecks in com
Published 23 Aug, 2007 12:00am
NWFP revises stamp duty on 65 legal documents

NWFP revises stamp duty on 65 legal documents

The NWFP Revenue Department has revised stamp duty on as many as 65 legal documents with effect from July 1st, 2007, disclosed official sources of the department. Talking to APP on Wednesday, the sources informed that after revision of the stamp duty on v
Published 23 Aug, 2007 12:00am
PPCBL ratings

PPCBL ratings

The JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of the Punjab Provincial Co-operative Bank Limited (PPCBL) at 'BB+/B'. A bank spokesman here on Wednesday said that the ratings continued to be under the "rating watch-developing"
Published 23 Aug, 2007 12:00am
PPCBL ratings

PPCBL ratings

The JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of the Punjab Provincial Co-operative Bank Limited (PPCBL) at 'BB+/B'. A bank spokesman here on Wednesday said that the ratings continued to be under the "rating watch-developing"
Published 23 Aug, 2007 12:00am
UBL Fund Managers' eighth investment centre opens

UBL Fund Managers' eighth investment centre opens

United Bank Limited (UBL) Fund Managers, a bank subsidiary, has opened its eighth investment centre in Model Town here on Wednesday. UBL Fund Managers Chief Executive Officer (CEO) Mir Muhammad Ali inaugurated the centre, which is the second in the provin
Published 23 Aug, 2007 12:00am
UBL Fund Managers' eighth investment centre opens

UBL Fund Managers' eighth investment centre opens

United Bank Limited (UBL) Fund Managers, a bank subsidiary, has opened its eighth investment centre in Model Town here on Wednesday. UBL Fund Managers Chief Executive Officer (CEO) Mir Muhammad Ali inaugurated the centre, which is the second in the provin
Published 23 Aug, 2007 12:00am
Souria Resorts House Financing Scheme launched

Souria Resorts House Financing Scheme launched

The Bank of Punjab (BoP) in collaboration with Red Mountain Suria Pvt (Ltd) has launched a project "Souria Resorts House Financing Scheme," sources said. In this connection General Manager, Products/SME Division, BoP S M Atif and Chairman of Red Mountain
Published 23 Aug, 2007 12:00am
Police official, accountant held on charge of graft

Police official, accountant held on charge of graft

The Anti-Corruption Establishment (ACE) raided two places and arrested a sub-inspector and a District Attorney Office accountant after being found guilty of taking kickbacks and they were sent to lock-up for further investigation.
Published 23 Aug, 2007 12:00am
Zakat department releases second instalment

Zakat department releases second instalment

Punjab Minister for Zakat and Ushr Mian Khadim Hussain Wattoo has said the Zakat Department has released the second instalment of Rs 2,85,000 to help 64 families suffering from leprosy at the Mohalla Korhian in Rawalpindi.
Published 23 Aug, 2007 12:00am
Fish seed available in Punjab at cheaper rates

Fish seed available in Punjab at cheaper rates

Supply of fish seed of various indigenous and exotic fish species has been started throughout the province and farmers can contact department hatcheries, fish seed nursery units and district offices to achieve seed at cheaper rates.
Published 23 Aug, 2007 12:00am
No let-up in gridlock despite CDGK, police assurance

No let-up in gridlock despite CDGK, police assurance

Traffic jams continued to occur in the city on Wednesday even after the assurance of the City District Government Karachi (CDGK) and the city police to the higher judiciary that they will take special measures to check traffic congestion.
Published 23 Aug, 2007 12:00am
Tariq calls for exchange of TV programmes with China

Tariq calls for exchange of TV programmes with China

Underlining the importance of media in bringing closer people of Pakistan and China, the Minister of State for Information and Broadcasting Senator Tariq Azim Khan has called for stepping up exchange of TV programmes between the two countries.
Published 23 Aug, 2007 12:00am
NJI profit increases to Rs 28.175 million

NJI profit increases to Rs 28.175 million

The after-tax profit of New Jubilee Life Insurance Company Limited increased to Rs 28.175 million in the half-year period ended on June 30, 2007, as compared to Rs 25.106 million earned in the corresponding period of last year.
Published 23 Aug, 2007 12:00am
NJI profit increases to Rs 28.175 million

NJI profit increases to Rs 28.175 million

The after-tax profit of New Jubilee Life Insurance Company Limited increased to Rs 28.175 million in the half-year period ended on June 30, 2007, as compared to Rs 25.106 million earned in the corresponding period of last year.
Published 23 Aug, 2007 12:00am
FCCL profit after-tax slips to Rs 646.323 million

FCCL profit after-tax slips to Rs 646.323 million

The net profit after-tax of the Fauji Cement Company Limited (FCCL) has declined to Rs 646.323 million in the fiscal 2006-07 as compared to Rs 1,203.735 million earned in the corresponding period last year.
Published 23 Aug, 2007 12:00am
FCCL profit after-tax slips to Rs 646.323 million

FCCL profit after-tax slips to Rs 646.323 million

The net profit after-tax of the Fauji Cement Company Limited (FCCL) has declined to Rs 646.323 million in the fiscal 2006-07 as compared to Rs 1,203.735 million earned in the corresponding period last year.
Published 23 Aug, 2007 12:00am
Industrial areas badly hit by rains

Industrial areas badly hit by rains

Rains have badly damaged civic infrastructure and communication and electricity systems in all industrial areas of Karachi, as a result most industrial units remained closed on Wednesday, industry sources said.
Published 23 Aug, 2007 12:00am
UAF staff urged to prepare PC-1

UAF staff urged to prepare PC-1

University of Agriculture Faisalabad (UAF) has equipped the university teachers and administrative staff with most modern skills for the preparation of various PC-1 and successful implementations of the research project.
Published 23 Aug, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (August 22, 2007) and the forecast for Thursday (August 23, 2007).
Published 23 Aug, 2007 12:00am
UHS gives affiliation to new medical college

UHS gives affiliation to new medical college

The University of Health Sciences, (UHS) Lahore has granted affiliation to the newly notified under-graduate medical college at the Lahore General Hospital (LGH). UHS Vice Chancellor, Professor Dr Malik Hussain Mubashhar, announced to grant affiliation to
Published 23 Aug, 2007 12:00am
New York cotton

New York cotton

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

Published 23 Aug, 2007 12:00am
Punjab University announces results of BA, BSc

Punjab University announces results of BA, BSc

The Punjab University has announced the results of the BA and BSc annual examination 2007 and only 26.68 percent passed the exams. Out of 171,091 candidates, appeared in exams, 45,640 passed. In BSc, Madiha Manzoor of the Government College for Women, Mad
Published 23 Aug, 2007 12:00am
New York cotton

New York cotton

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

Published 23 Aug, 2007 12:00am
Computerisation of SBKWU completed

Computerisation of SBKWU completed

A project for provision of LAN/WAN infrastructure and computerisation of Sardar Bahadur Khan Women University (SBKWU) Quetta at a cost f Rs 14.877 million with the assistance of Higher Education Commission (HEC) has been completed.
Published 23 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 23 Aug, 2007 12:00am
'Government attaching top priority to technical education'

'Government attaching top priority to technical education'

Chairman Technical Education and Vocational Training Authority (Tevta), Khalid Mahmood has said that the government was giving top priority to technical and vocational education and training in Pakistan and funds were being allocated for the purpose.
Published 23 Aug, 2007 12:00am
Shujaat rules out imposition of martial law

Shujaat rules out imposition of martial law

President Pakistan Muslim League Chaudhry Shujaat Hussain on Wednesday ruled out any possibility of martial law in the wake of recent political turmoil but said several options including extension of the tenure of assemblies were still open.
Published 23 Aug, 2007 12:00am
PTF to launch movement to save industry from crisis

PTF to launch movement to save industry from crisis

Six Textile Associations constituting Pakistan Textile Forum (PTF) have decided to launch an organised movement to pull the industry out of current crisis. A meeting of the Forum was held here under the Chairmanship of Mian Zahid Aslam.
Published 23 Aug, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 23, 2007.

Published 23 Aug, 2007 12:00am
Two kidnappers killed in encounter

Two kidnappers killed in encounter

Two kidnappers were killed in an armed encounter with police, after the criminals had earlier gunned down the abducted boy, in nearby village Pagallah here on Wednesday. According to police, the criminals had kidnapped Irfan Ahmed, son of Shaukat Ali from
Published 23 Aug, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 23, 2007.

Published 23 Aug, 2007 12:00am
Tributes paid to Qurratulain Haider

Tributes paid to Qurratulain Haider

Writers and intellectuals here on Wednesday paid rich tributes to Qurratulain Haider, saying that she made a legend about herself in her lifetime. "The legendary figure is no more physically, but the story of her commitment to creative writing and legacy
Published 23 Aug, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, August 23, 2007.

Published 23 Aug, 2007 12:00am
21 million people carry kidney diseases

21 million people carry kidney diseases

More than 21 million people have been diagnosed with serious kidney diseases and most of them might suffer kidney failure due to high blood pressure, diabetes and improper healthcare infrastructure across the country.
Published 23 Aug, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
NAB restricts its probe only to BSGC

NAB restricts its probe only to BSGC

In connection with sales tax return and refund cases, National Accountability Bureau (NAB) has decided to limit its investigation to Bawan Shah Group of Company (BSGC) rather than other exporters. A highly placed source at sales tax refund office told
Published 23 Aug, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 22, 2007) and for Thursday (August 23, 2007).
Published 23 Aug, 2007 12:00am
Japan Prime Minister's special envoy meets Musharraf

Japan Prime Minister's special envoy meets Musharraf

Japan's Minister for Defence and Special Envoy of Japanese Prime Minister Ms Yuriko Koike on Wednesday called on President General Pervez Musharraf here at his Camp Office. They discussed Pak-Japan bilateral relations and expressed satisfaction over the p
Published 23 Aug, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Call to peruse Vision-2030 document

Call to peruse Vision-2030 document

The secretary-general, Liaquat Ali Khan Memorial Society, Mahfoozun Nabi Khan, commenting on the release of the Vision - 2030 document last Tuesday, has said that every educated Pakistani needs to read the entire document with great care and attention and
Published 23 Aug, 2007 12:00am
Task force for ginning industry

Task force for ginning industry

Federal Minister for Production and Industries Jehangir Khan Tareen has ordered a task force to be set up to upgrade the current local ginning machinery to gear up their efforts. The minister chairing a meeting at the Technology Upgradation and Skill Deve
Published 23 Aug, 2007 12:00am
Reporter's manhandling: journalists stage token walkout in Senate

Reporter's manhandling: journalists stage token walkout in Senate

Journalists on Wednesday staged a token walkout in the Senate against the manhandling of a private TV channel reporter in Rawalpindi on Tuesday night. Baber Malik, a reporter of private TV channel was allegedly picked by the personnel of secret agencies a
Published 23 Aug, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
PTCL workers' hunger strike today

PTCL workers' hunger strike today

The PTCL Employees Union (CBA) has announced to observe a token hunger strike outside Supreme Court on Thursday, against 'excesses of PTCL administration to workers'.
Published 23 Aug, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Pacra assigns A+ rating to TFC

Pacra assigns A+ rating to TFC

The Pakistan Credit Rating Agency (Pacra) has assigned 'A+' (Single A plus) rating to the proposed privately placed secured term finance certificate (TFC) issue of Rs 750 million including green shoe option of Rs 250 million by Al-Abbas Sugar Mills Limite
Published 23 Aug, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Pacra assigns A+ rating to TFC

Pacra assigns A+ rating to TFC

The Pakistan Credit Rating Agency (Pacra) has assigned 'A+' (Single A plus) rating to the proposed privately placed secured term finance certificate (TFC) issue of Rs 750 million including green shoe option of Rs 250 million by Al-Abbas Sugar Mills Limite
Published 23 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
OGDCL profit after-tax down by Rs 337.759 million

OGDCL profit after-tax down by Rs 337.759 million

The profit after-tax of Oil & Gas Development Company Limited (OGDCL) has declined by Rs 337.759 million to Rs 45,629.964 million in the financial year ended June 30, 2007 as compared to Rs 45,967.723 million earned in the corresponding period last year.
Published 23 Aug, 2007 12:00am
Government rules out change in foreign policy

Government rules out change in foreign policy

The government on Wednesday categorically ruled out any change in the current foreign policy, arguing that the existing policy was a 'balanced' and based on the 'supreme national interests'. Winding up the two-day debate on the foreign policy, with partic
Published 23 Aug, 2007 12:00am
THE RUPEE: dollar scores fresh gains

THE RUPEE: dollar scores fresh gains

Falling trend was seen in the interbank market on Wednesday as the rupee lost six paisa for buying at Rs 60.60 and it shed five paisa for selling at Rs 60.61 due to rising demand for the US currency, dealers said.
Published 23 Aug, 2007 12:00am
Power sharing deal with PPP finalised: Rashid

Power sharing deal with PPP finalised: Rashid

A minister thought to be the establishment most trusted ally has said a power sharing deal between President Pervez Musharraf and Pakistan Peoples Party is almost finalised. "Negotiations are underway on three crunch points. It's the matter of days now,"
Published 23 Aug, 2007 12:00am
THE RUPEE: dollar scores fresh gains

THE RUPEE: dollar scores fresh gains

Falling trend was seen in the interbank market on Wednesday as the rupee lost six paisa for buying at Rs 60.60 and it shed five paisa for selling at Rs 60.61 due to rising demand for the US currency, dealers said.
Published 23 Aug, 2007 12:00am
Nawaz denies deal with Musharraf

Nawaz denies deal with Musharraf

Former Prime Minister and PML-N Leader Mian Muhammad Nawaz Sharif has denied signing any kind of agreement with General Pervez Musharraf. Talking to a private television, he admitted that an understanding had been made with a friendly country but denied c
Published 23 Aug, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

To an agitated lot of Senators who were worked up how American policies were impacting Afghanistan and its resultant effect on Pakistan's domestic scenario; Federal Minister Khurshid Mahmud Kasuri explained that a country's foreign policy is a set of goal
Published 23 Aug, 2007 12:00am
Many areas plunge in darkness due to cable faults

Many areas plunge in darkness due to cable faults

Several areas of the city fell into darkness on Wednesday due to cable faults and disconnected supply from Karachi Atomic and Nuclear Power Plant (Kanupp), sources told Business Recorder on Wednesday.
Published 23 Aug, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Downpour hits industrial production

Downpour hits industrial production

Heavy rain and non-availability of private transport service have paralysed industrial production activities in the city on Wednesday. Industrialists said that majority of industrial workers using public transport could not have reached their work places.
Published 23 Aug, 2007 12:00am
Fresh rain paralyses life in Karachi: four electrocuted

Fresh rain paralyses life in Karachi: four electrocuted

The fresh spell of rain in Karachi on Tuesday and Wednesday totally shattered the civic infrastructure, leaving four people victim of electrocution and many others pushing their stranded vehicles in knee-deep water on flooded roads of the city.
Published 23 Aug, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Fresh rain paralyses life in Karachi: four electrocuted

Fresh rain paralyses life in Karachi: four electrocuted

The fresh spell of rain in Karachi on Tuesday and Wednesday totally shattered the civic infrastructure, leaving four people victim of electrocution and many others pushing their stranded vehicles in knee-deep water on flooded roads of the city.
Published 23 Aug, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (August 22, 2007).

Published 23 Aug, 2007 12:00am
Four big banks draw funds from Fed window

Four big banks draw funds from Fed window

Four major US banks announced Wednesday they had borrowed 500 million dollars each from the Federal Reserve discount window, saying it would help increase financial market liquidity.
Published 23 Aug, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Aug, 2007 12:00am
Four big banks draw funds from Fed window

Four big banks draw funds from Fed window

Four major US banks announced Wednesday they had borrowed 500 million dollars each from the Federal Reserve discount window, saying it would help increase financial market liquidity.
Published 23 Aug, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Aug, 2007 12:00am
Four big banks draw funds from Fed window

Four big banks draw funds from Fed window

Four major US banks announced Wednesday they had borrowed 500 million dollars each from the Federal Reserve discount window, saying it would help increase financial market liquidity.
Published 23 Aug, 2007 12:00am
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