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Print - 2007-09-14
Islamabad and Rawalpindi markets facing severe wheat shortage

Islamabad and Rawalpindi markets facing severe wheat shortage

Severe shortage of wheat flour has hit the northern parts of the country as the principal staple food has totally disappeared from markets in Rawalpindi, Islamabad and surrounding areas multiplying difficulties of the people, who are already facing the wo
Published 14 Sep, 2007 12:00am
Supply of raw jute from Bangladesh remains volatile

Supply of raw jute from Bangladesh remains volatile

The supply of raw jute from Bangladesh remains volatile because only Pakistan and Bangladesh flag carriers can transport this cargo because of a protocol signed between the two countries. Pakistan Jute Mills Association (PJMA) Chairman Humayun Mazhar said
Published 14 Sep, 2007 12:00am
'Government expects a lot from agricultural scientists'

'Government expects a lot from agricultural scientists'

Chairman Pakistan Agricultural Research Council (Parc), Dr M E Tusneem has said that the government has a lot of expectations from agricultural scientists to increasing the agricultural produce and ensuring food safety for the country and its people.
Published 14 Sep, 2007 12:00am
Ramazan bazaars established

Ramazan bazaars established

The Lahore City District Government's Nazim Mian Amer Mahmood has said to control price hiking and profiteering during the holy month of Ramazan, special Ramazan bazaars will be set up in 11 towns of the city which will start operating from Thursday.
Published 14 Sep, 2007 12:00am
FBR appoints senior officers in PRAL

FBR appoints senior officers in PRAL

The Federal Board of Revenue (FBR) has appointed two senior sales tax officials at Pakistan Revenue Automation Limited (PRAL) for improving the e-filing system and remove bottlenecks in the Information Technology (IT) related projects.
Published 14 Sep, 2007 12:00am
Visa international announces four-month photography competition

Visa international announces four-month photography competition

Visa has announced four-month photography competition for Visa cardholders across Asia Pacific. This was state by Amer Pasha, country manager, Visa International along with Danish Tapal, Secretary, Amateur Photographers Association of Pakistan and Tapu Ja
Published 14 Sep, 2007 12:00am
NCA chief opens paintings exhibition

NCA chief opens paintings exhibition

Bashir Ahmed Head of Miniature Department National College of Arts (NCA) inaugurated the Group Exhibition of Paintings made by Urooj Chughtai, Mufakir Subhani, Kiran Saeed, Aakif Suri, Kausar Iqbal and Mizna Syed.
Published 14 Sep, 2007 12:00am
Sunder Industrial Estate: LCCI concerned over pace of development

Sunder Industrial Estate: LCCI concerned over pace of development

LCCI Vice President and Chairman Sunder Industrial Estate Owners Association Mubasher Sheikh has aired his concern over the pace of development in the Sundar Industrial Estate (SIE). He said here on Thursday that he hoped the pace of development work in e
Published 14 Sep, 2007 12:00am
e-filing of tax returns likely be made mandatory

e-filing of tax returns likely be made mandatory

Commissioner Income Tax, Mohammed Iqbal has said that e-filing of tax returns may be made mandatory for individuals from next year. Addressing a seminar of e-filing organised by Site Association of Industry (SAI) on Thursday, he said that at present e-fil
Published 14 Sep, 2007 12:00am
FAP hails subsidy on electricity for tube-wells

FAP hails subsidy on electricity for tube-wells

The Farmers Associates Pakistan (FAP) has urged the government to advise sugar factories to start crushing season by October 25 to enable farmers to plant wheat after sugarcane harvesting.
Published 14 Sep, 2007 12:00am
Liquor shops to remain closed during Ramazan

Liquor shops to remain closed during Ramazan

Provincial Minister for Excise and Taxation, Shabbir Ahmed Qaimkhani has said that all liquor shops in the Province will remain shut during the holy month of Ramazan.Violation in this regard will not only entail cancellation of shop license but also actio
Published 14 Sep, 2007 12:00am
Rafique Khan resigns from PCMA

Rafique Khan resigns from PCMA

M. Rafique Khan, Secretary General, Pakistan Cloth Merchants Association (PCMA), has resigned after eight years successful service with PCMA. PCMA Central Chairman Ahmed Chinoy announced here on Thursday that Rafique Khan has resigned on his own accord. H
Published 14 Sep, 2007 12:00am
CMIT teams to monitor prices

CMIT teams to monitor prices

Punjab chief minister's Inspection Team (CMIT), under the leadership of the Minister Shuja Khanzada, has formed eight special teams headed by members of the CMIT to monitor the "Sastay and Ramzan bazaars" for ensuring the provision of daily commodities at
Published 14 Sep, 2007 12:00am
Petition filed in Supreme Court

Petition filed in Supreme Court

Save judiciary committee convenor Abdur Rashid Qureshi has filed a petition in the Supreme Court, saying Dr Qadeer Khan's detention was illegal. He told the court to set Dr Qadeer at liberty and allow him to move freely. The petitioner also told the court
Published 14 Sep, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (September 13, 2007) and the forecast for Friday (September 14, 2007).
Published 14 Sep, 2007 12:00am
IFC and SBP to build expertise in housing finance

IFC and SBP to build expertise in housing finance

International Finance Corporation (IFC) - a member of the World Bank Group - and the State Bank of Pakistan (SBP) formally launched a housing finance training program in Pakistan last week. The training, which aims to improve local expertise in the sector
Published 14 Sep, 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 14 Sep, 2007 12:00am
IHI demands immediate announcement of polls schedule

IHI demands immediate announcement of polls schedule

The blatant violation of the law of the land by present regime is all about pre-poll rigging which will erode public confidence in the forthcoming elections. This was stated by Sarwar Bari at a news briefing by Insani Haqooq Ittehad (IHI), here on Thursda
Published 14 Sep, 2007 12:00am
PSQCA gets Norwegian accreditation

PSQCA gets Norwegian accreditation

Pakistan Standard and Quality Control Authority (PSQCA) has been accorded accreditation by the Norwegian Accreditation (NA). The Norwegian body is recognised internationally for issuing certification to accredit laboratories for carrying out tests in acco
Published 14 Sep, 2007 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 14 Sep, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 14 Sep, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (September 13, 2007) and for Friday (September 14, 2007).
Published 14 Sep, 2007 12:00am
Office-bearers of farmers' body arrested

Office-bearers of farmers' body arrested

The Anti-Corruption Establishment in Punjab (ACE) has arrested office-bearers of a farmer organisation for helping in stealing and selling the irrigation canal water Gunjayana Nao Canal, Sheikhupura.
Published 14 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
Admission starts at UVAS

Admission starts at UVAS

The University of Veterinary and Animal Sciences (UVAS) Lahore has started receiving applications for admission to its newly initiated under and postgraduate courses. The university has established an admission office in the faculty of livestock business
Published 14 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
BSc (Hons) results announced

BSc (Hons) results announced

The Punjab University has announced the results of BSc (Hons) mycology and plant pathology, morning 4-years programme, (semester system), session 2003-2007. Up to 20 candidates sat for the exams and 18 were declared successful. Roll no of successful candi
Published 14 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
HSC-II commerce results after 12 days

HSC-II commerce results after 12 days

The result of the HSC part II annual examination 2007 commerce group of the Board of Intermediate Education Karachi (BIEK) would be announced after 12 days from now. This was stated by the Chairman BIEK, Professor Anwar Ahmed Zai, on Thursday.
Published 14 Sep, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
AKU-EB holds awards ceremony for position holders

AKU-EB holds awards ceremony for position holders

Aga Khan University Examination Board (AKU-EB) honoured its best performing students in its first SSC composite examinations in a ceremony held here on Thursday. The event was well attended by dignitaries from the education sector, principals of AKU-EB af
Published 14 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
Pakistan to participate in Shanghai fairs

Pakistan to participate in Shanghai fairs

Pakistan is scheduled to take part in two major exhibitions to be held in Shanghai. The Intertextile Shanghai, Apparel and Fabrics exposition, in which Pakistan is scheduled to take part, will be organised from October 29 to November 1.
Published 14 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
Lawyers to resist re-election bid

Lawyers to resist re-election bid

Lawyers have decided to strongly resist President General Pervez Musharraf's attempt to re-elect himself with or without uniform. This was stated by President High Court Bar, Habib-ullah Shakir and General Secretary Rana Naveed Akhtar while addressing a p
Published 14 Sep, 2007 12:00am
SCBA condemns Shujaat's statement against judiciary

SCBA condemns Shujaat's statement against judiciary

The Supreme Court Bar Association (SCBA) has condemned a statement made by Chaudhry Shujjat Hussain against the judiciary and warned the government officials to stop making such kinds of statements in the future.
Published 14 Sep, 2007 12:00am
PML-N lawyers protest against murder of Raja Riaz

PML-N lawyers protest against murder of Raja Riaz

The PML-N lawyers' forum has set up a hunger strike camp within the Lahore High Court Bar Association (LHCBA) premises, protesting the murder of Advocate Raja Riaz and attack on the Sindh High Court. PML-N lawyers' Forum President Khawaja Mehmood, Punjab
Published 14 Sep, 2007 12:00am
THE RUPEE: dollar down by five paisa

THE RUPEE: dollar down by five paisa

Dollars' smooth availability, boosted the rupee's value in terms of dollar in open market on Thursday, picking up five paisa for buying and selling at Rs 60.75 and Rs 60.80, dealers said. Strong supply of dollars helped the rupee to maintain is firmness v
Published 14 Sep, 2007 12:00am
1,100 one-wheelers fined during last six weeks

1,100 one-wheelers fined during last six weeks

More than 1,100 young one-wheelers and speedsters were fined during the last six weeks and challan tickets amounting to Rs 600,000 were issued to them, it was officially learnt here on Thursday.
Published 14 Sep, 2007 12:00am
THE RUPEE: dollar down by five paisa

THE RUPEE: dollar down by five paisa

Dollars' smooth availability, boosted the rupee's value in terms of dollar in open market on Thursday, picking up five paisa for buying and selling at Rs 60.75 and Rs 60.80, dealers said. Strong supply of dollars helped the rupee to maintain is firmness v
Published 14 Sep, 2007 12:00am
Ramazan arrangements at Serena Hotel

Ramazan arrangements at Serena Hotel

To celebrate the holy month of Ramazan-ul-Mubarak, Faisalabad Serena Hotel will arrange Iftar and Buffet dinner alongwith lucky draws of six Umra tickets.
Published 14 Sep, 2007 12:00am
Germany to set up 22 blood banks

Germany to set up 22 blood banks

Germany is contemplating setting up around 22 blood banks across the country at an estimated cost of 23 million euros to ensure safe blood transfusion after conducting proper clinical screening, official told APP here on Thursday.
Published 14 Sep, 2007 12:00am
IHK university students protest against atrocities

IHK university students protest against atrocities

In occupied Kashmir, students of Kashmir University Srinagar staged a protest demonstration against acts of Indian state-terrorism at the campus, which has disrupted the routine class work of the university.
Published 14 Sep, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Sep, 2007 12:00am
Chaudhrys role in country's politics over: PML-F

Chaudhrys role in country's politics over: PML-F

"We have been facing the victimisation and harassment of Chaudhrys since very first day in spite of being a part of existing government and an ally of PML-Q," said Makhdoom Ahmed Mehmood provincial chief of PML (Functional) while talking to his party men
Published 14 Sep, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Sep, 2007 12:00am
Over 50 political detainees released

Over 50 political detainees released

More than 50 political workers, most of them PML(N) members were released from jails, police stations lock up after the direction of Punjab Government in the province. According to official sources.
Published 14 Sep, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Sep, 2007 12:00am
'Nawaz to be in country within three months'

'Nawaz to be in country within three months'

Pakistan Muslim League Nawaz (PML-N) Finance Secretary Mohammad Pervaiz Malik has said Nawaz Sharif will be in Pakistan in the next three months and not after three years as the government imagines.
Published 14 Sep, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
Benazir to get rousing reception: Qureshi

Benazir to get rousing reception: Qureshi

"The people of Pakistan will revive the memories of 1986 once again by according unprecedented reception to PPP chairperson Mohtarma Benazir Bhutto on her arrival in the country," said Pakistan People's Party Parliamentarian Punjab President Makhdoom Shah
Published 14 Sep, 2007 12:00am
Supreme Court suspends SHC judgement in Sabah Shipyard case

Supreme Court suspends SHC judgement in Sabah Shipyard case

The Supreme Court Thursday suspended the judgement of Sindh High Court about winding up of the Malaysian power sector company, Sabah Shipyard (Pakistan) Ltd and remanded the case to SHC. The company had signed an agreement with the government of Pakistan
Published 14 Sep, 2007 12:00am
Benazir to unveil future course of action today

Benazir to unveil future course of action today

Pakistan Peoples Party (PPP) chairperson Benazir Bhutto will unveil on Friday her return plan and future course of action amid reports that she has almost secured a power sharing deal with President Pervez Musharraf.
Published 14 Sep, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Sep, 2007 12:00am
Need stressed for joint ventures in textile machinery

Need stressed for joint ventures in textile machinery

Reduction in import duties on 4,000 items under the Free Trade Agreement between Pakistan and China has opened new vistas of increasing the two-way trade and brightening the chances for exports of Fabrics, Made Ups and Home Textile to China.
Published 14 Sep, 2007 12:00am
ICAP elects office-bearers

ICAP elects office-bearers

Imran Afzal, FCA, has been elected as the president of the Institute of the Chartered Accountants of Pakistan (ICAP) for the year 2007-08. A statement here on Thursday said that the office bearers were elected at the 192nd council meeting.
Published 14 Sep, 2007 12:00am
Flour millers demand increase in wheat quota

Flour millers demand increase in wheat quota

Flour millers have demanded of the government to increase their wheat quota in Ramazan to keep the supply of flour smooth. Federation of Chambers of Commerce and Industry's zonal committee chairman for flour milling Bilal Sufi in a meeting with Punjab Foo
Published 14 Sep, 2007 12:00am
Wheat flour up by Rs 125 per 80 kg

Wheat flour up by Rs 125 per 80 kg

Wheat flour price on the eve of the holy month of Ramazan surged by Rs 125 per 80 kilograms, reaching the mark of Rs 1,425 per 80 kilograms due to short supply of wheat in the province, said market sources. The stocks so far released by the provincial gov
Published 14 Sep, 2007 12:00am
Oilseeds cultivation increases

Oilseeds cultivation increases

Rising edible oil price in international market has motivated the sunflower growers to increase the sowing area as it is now being cultivated on 0.7-0.8 million acres and canola on 0.4 million acres, a senior official of the ministry of food, agriculture
Published 14 Sep, 2007 12:00am
FBR's most irreversible reform initiatives on track: World Bank

FBR's most irreversible reform initiatives on track: World Bank

The World Bank (WB) has completed mid-term review of the Federal Board of Revenue (FBR) with the remarks that most of the irreversible reform initiatives are on track which would act as building blocks for maintaining the momentum of on-going projects.
Published 14 Sep, 2007 12:00am
Government urged to declare price for sugarcane, sugar

Government urged to declare price for sugarcane, sugar

The Pakistan Kisan Movement has urged the government to announce a reasonable price of sugarcane for the upcoming crushing season, so that farmers will be able to recover their cost of production in case of any unreasonable price structure of sugarcane an
Published 14 Sep, 2007 12:00am
Takaful faces real challenge from conventional insurance: Pervaiz

Takaful faces real challenge from conventional insurance: Pervaiz

The real competition between conventional insurance and Takaful will be based on better pricing, services and variety of products and not merely the Halal aspect. This was observed by Chief Executive Officer (CEO) of Pak Qatar Family Takaful Pervaiz Ahmed
Published 14 Sep, 2007 12:00am
Takaful faces real challenge from conventional insurance: Pervaiz

Takaful faces real challenge from conventional insurance: Pervaiz

The real competition between conventional insurance and Takaful will be based on better pricing, services and variety of products and not merely the Halal aspect. This was observed by Chief Executive Officer (CEO) of Pak Qatar Family Takaful Pervaiz Ahmed
Published 14 Sep, 2007 12:00am
LHC orders to produce French-Pakistani child on September 18

LHC orders to produce French-Pakistani child on September 18

The Lahore High Court ordered again the Sheikhupura police to recover a seven-year-old French-Pakistani child Omar Malik from the custody of his father and produce him on September 18 as it failed time and again to recover him.
Published 14 Sep, 2007 12:00am
SHC calls for detailed report on parking plaza

SHC calls for detailed report on parking plaza

Sindh High Court (SHC) on Thursday ordered heritage department to submit a detailed report up to September 19, on merits and demerits of parking plaza being constructed by City District Government Karachi (CDGK) at Shahabuddin Market, near Empress Market
Published 14 Sep, 2007 12:00am
Special arrangements for Juma prayers

Special arrangements for Juma prayers

Special arrangements have been made for the Friday prayers tomorrow at all the Mosques and the Imambargahs in the city, it being the first day of the holy month of Ramazan, reports UPP correspondent.
Published 14 Sep, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
Wapda to be divided into two divisions: Jatoi

Wapda to be divided into two divisions: Jatoi

The government has decided to divide the Water and Power Development Authority (Wapda) into two divisions - Water and Power - to check the rapidly increasing power-cuts.
Published 14 Sep, 2007 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (September 13, 2007).

Published 14 Sep, 2007 12:00am
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