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Print - 2007-09-16
JUI senior leader gunned down

JUI senior leader gunned down

Some unidentified assailants gunned down Maulana Hassan Jan, a top religious cleric and leader of Jamiat Ulema-e-Islam (JUI), in Wazir Bagh area here just after the Iftar time, police said on Saturday.
Published 16 Sep, 2007 12:00am
JUI senior leader gunned down

JUI senior leader gunned down

Some unidentified assailants gunned down Maulana Hassan Jan, a top religious cleric and leader of Jamiat Ulema-e-Islam (JUI), in Wazir Bagh area here just after the Iftar time, police said on Saturday.
Published 16 Sep, 2007 12:00am
US nuclear experts in Seoul

US nuclear experts in Seoul

A team of US nuclear experts arrived in Seoul Saturday from North Korea where they discussed the measures needed to disable the communist state's atomic weapons programme, a US embassy spokesman said. "They arrived in Seoul. They came here by car crossing
Published 16 Sep, 2007 12:00am
US nuclear experts in Seoul

US nuclear experts in Seoul

A team of US nuclear experts arrived in Seoul Saturday from North Korea where they discussed the measures needed to disable the communist state's atomic weapons programme, a US embassy spokesman said. "They arrived in Seoul. They came here by car crossing
Published 16 Sep, 2007 12:00am
Regulatory duty imposed on carbonless, wax papers import

Regulatory duty imposed on carbonless, wax papers import

The Federal Board of Revenue (FBR) has imposed regulatory duty (RD) on import of carbonless and wax papers. The board issued a notification on Friday to remove the anomaly and protect the local paper industry.
Published 16 Sep, 2007 12:00am
Regulatory duty imposed on carbonless, wax papers import

Regulatory duty imposed on carbonless, wax papers import

The Federal Board of Revenue (FBR) has imposed regulatory duty (RD) on import of carbonless and wax papers. The board issued a notification on Friday to remove the anomaly and protect the local paper industry.
Published 16 Sep, 2007 12:00am
Regulatory duty imposed on carbonless, wax papers import

Regulatory duty imposed on carbonless, wax papers import

The Federal Board of Revenue (FBR) has imposed regulatory duty (RD) on import of carbonless and wax papers. The board issued a notification on Friday to remove the anomaly and protect the local paper industry.
Published 16 Sep, 2007 12:00am
Atta dealers attribute flour crisis to wheat export

Atta dealers attribute flour crisis to wheat export

The local atta dealers Saturday attributed the unprecedented increase in the prices of flour to export of commodity and decline of supply to the local market in the country. "The situation has arisen due to the wrong wheat policy of the government and exp
Published 16 Sep, 2007 12:00am
Atta dealers attribute flour crisis to wheat export

Atta dealers attribute flour crisis to wheat export

The local atta dealers Saturday attributed the unprecedented increase in the prices of flour to export of commodity and decline of supply to the local market in the country. "The situation has arisen due to the wrong wheat policy of the government and exp
Published 16 Sep, 2007 12:00am
Atta dealers attribute flour crisis to wheat export

Atta dealers attribute flour crisis to wheat export

The local atta dealers Saturday attributed the unprecedented increase in the prices of flour to export of commodity and decline of supply to the local market in the country. "The situation has arisen due to the wrong wheat policy of the government and exp
Published 16 Sep, 2007 12:00am
Ghee price shoots up by Rs 80 per 16-kg tin

Ghee price shoots up by Rs 80 per 16-kg tin

Price of ghee has shot up by Rs 80 per 16-kg tin in the local market due to increase in prices of palm oil, which reached 850 dollars per ton in the world market, said market sources on Saturday. Traders linked ghee price increase to soaring prices of pal
Published 16 Sep, 2007 12:00am
Ghee price shoots up by Rs 80 per 16-kg tin

Ghee price shoots up by Rs 80 per 16-kg tin

Price of ghee has shot up by Rs 80 per 16-kg tin in the local market due to increase in prices of palm oil, which reached 850 dollars per ton in the world market, said market sources on Saturday. Traders linked ghee price increase to soaring prices of pal
Published 16 Sep, 2007 12:00am
Ghee price shoots up by Rs 80 per 16-kg tin

Ghee price shoots up by Rs 80 per 16-kg tin

Price of ghee has shot up by Rs 80 per 16-kg tin in the local market due to increase in prices of palm oil, which reached 850 dollars per ton in the world market, said market sources on Saturday. Traders linked ghee price increase to soaring prices of pal
Published 16 Sep, 2007 12:00am
ADB to explore scope for cooperation with UNDP

ADB to explore scope for cooperation with UNDP

ADB will explore the scope for cooperation with UNDP in implementing provision of MDG support services (MSS) in support of MDG-based national development strategies in the five pilot countries of the UNDP for MSS in the Asia and Pacific region (Pakistan,
Published 16 Sep, 2007 12:00am
Flawed economic policies lead to growing beggary: Dr Bengali

Flawed economic policies lead to growing beggary: Dr Bengali

Renowned economist Dr Kaiser Bengali on Saturday said that growing beggary in the country was the direct result of flawed economic policies of present regime that had failed to boost production, generate new jobs and alleviate poverty.
Published 16 Sep, 2007 12:00am
USTDA awards $810,000 grant to HEL

USTDA awards $810,000 grant to HEL

The US Trade and Development Agency (USTDA) has awarded $810,000 grant to Habibullah Energy Limited (HEL) to address critical power shortage and promote energy security in Pakistan under the US-Pakistan Strategic Dialogue, affirmed by President George W.
Published 16 Sep, 2007 12:00am
USTDA awards $810,000 grant to HEL

USTDA awards $810,000 grant to HEL

The US Trade and Development Agency (USTDA) has awarded $810,000 grant to Habibullah Energy Limited (HEL) to address critical power shortage and promote energy security in Pakistan under the US-Pakistan Strategic Dialogue, affirmed by President George W.
Published 16 Sep, 2007 12:00am
USTDA awards $810,000 grant to HEL

USTDA awards $810,000 grant to HEL

The US Trade and Development Agency (USTDA) has awarded $810,000 grant to Habibullah Energy Limited (HEL) to address critical power shortage and promote energy security in Pakistan under the US-Pakistan Strategic Dialogue, affirmed by President George W.
Published 16 Sep, 2007 12:00am
50,000 tons wheat released to utility stores

50,000 tons wheat released to utility stores

Under special directive of Prime Minister Shaukat Aziz, more than 50,000 tons wheat has been released to the countrywide network of Utility Stores to provide flour at cheaper rates to consumers during Ramazan.
Published 16 Sep, 2007 12:00am
15,000 buildings damaged in Indonesian quake

15,000 buildings damaged in Indonesian quake

More than 15,000 buildings collapsed or were seriously damaged by a series of massive earthquakes striking Indonesia's Sumatra, authorities said Saturday as the death toll rose to 17.
Published 16 Sep, 2007 12:00am
15,000 buildings damaged in Indonesian quake

15,000 buildings damaged in Indonesian quake

More than 15,000 buildings collapsed or were seriously damaged by a series of massive earthquakes striking Indonesia's Sumatra, authorities said Saturday as the death toll rose to 17.
Published 16 Sep, 2007 12:00am
Banks to issue Rs 10, Rs 20 fresh notes

Banks to issue Rs 10, Rs 20 fresh notes

The State Bank of Pakistan (SBP) has decided that all its field offices and commercial banks throughout the country will issue one packet each of Rs 10 and Rs 20 denominations fresh currency notes.
Published 16 Sep, 2007 12:00am
Banks to issue Rs 10, Rs 20 fresh notes

Banks to issue Rs 10, Rs 20 fresh notes

The State Bank of Pakistan (SBP) has decided that all its field offices and commercial banks throughout the country will issue one packet each of Rs 10 and Rs 20 denominations fresh currency notes.
Published 16 Sep, 2007 12:00am
Banks to issue Rs 10, Rs 20 fresh notes

Banks to issue Rs 10, Rs 20 fresh notes

The State Bank of Pakistan (SBP) has decided that all its field offices and commercial banks throughout the country will issue one packet each of Rs 10 and Rs 20 denominations fresh currency notes.
Published 16 Sep, 2007 12:00am
Tourist markets: OIC moot identifies new job opportunities

Tourist markets: OIC moot identifies new job opportunities

Effective nurturing and exploitation of ''creativity'' in the member countries of the Organisation of Islamic Conference (OIC) can provide new opportunities for job creation, wealth generation and poverty reduction.
Published 16 Sep, 2007 12:00am
Tourist markets: OIC moot identifies new job opportunities

Tourist markets: OIC moot identifies new job opportunities

Effective nurturing and exploitation of 'creativity' in the member countries of the Organisation of Islamic Conference (OIC) can provide new opportunities for job creation, wealth generation and poverty reduction.
Published 16 Sep, 2007 12:00am
Tourist markets: OIC moot identifies new job opportunities

Tourist markets: OIC moot identifies new job opportunities

Effective nurturing and exploitation of 'creativity' in the member countries of the Organisation of Islamic Conference (OIC) can provide new opportunities for job creation, wealth generation and poverty reduction.
Published 16 Sep, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (September 15, 2007) and the forecast for Sunday (September 16, 2007).
Published 16 Sep, 2007 12:00am
Malaysian ministry bans shark's fin soup

Malaysian ministry bans shark's fin soup

Malaysia's Natural Resources and Environment Ministry has struck off shark's fin soup from the menus at official functions, to help conserve the species, a report said Saturday. Minister Azmi Khalid told the official Bernama news agency that the ministry
Published 16 Sep, 2007 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.
Published 16 Sep, 2007 12:00am
Microsoft has not changed its ways, say rivals

Microsoft has not changed its ways, say rivals

Next week's European antitrust ruling against Microsoft Corp is a legacy of its past behaviour, but competitors say the company's current strategy is a sign of history repeating itself.
Published 16 Sep, 2007 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.
Published 16 Sep, 2007 12:00am
ECB policymakers stress inflation worries

ECB policymakers stress inflation worries

Eurozone inflation risks are still on the upside, European Central Bank policymakers said on Saturday, keeping alive the chance of interest rate rise once the turmoil on financial markets abates.
Published 16 Sep, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
China rejects US, Canadian pork, citing safety

China rejects US, Canadian pork, citing safety

China said Saturday it had sent back meat imported from the United States and Canada because it contained traces of a banned drug. Food safety authorities returned more than 40 tonnes of pork imported from the two countries after discovering traces of the
Published 16 Sep, 2007 12:00am
Argentina 2008 budget bill sees 7.7 percent inflation

Argentina 2008 budget bill sees 7.7 percent inflation

Argentina's 2008 budget bill, presented to Congress on Friday, sees inflation of 7.7 percent and calculates gross domestic product growth at 4 percent. Latin America's number-three economy is in its fifth straight year of expansion at about 8 percent.
Published 16 Sep, 2007 12:00am
E.ON to buy Russian energy firm for $4 billion

E.ON to buy Russian energy firm for $4 billion

German energy giant E.ON has won the bidding for a 69-percent stake in Russian electricity company OGK-4 with an offer of around four billion dollars (2.9 billion euros), officials said on Saturday.
Published 16 Sep, 2007 12:00am
Jordan queen in Ramazan fundraising campaign for UNICEF

Jordan queen in Ramazan fundraising campaign for UNICEF

Jordan's Queen Rania is fronting a televised fundraising campaign for the UN children's agency UNICEF that is airing on pan-Arab television stations through the Muslim holy month of Ramazan.
Published 16 Sep, 2007 12:00am
No terrorist safe havens in Pakistan: Musharraf

No terrorist safe havens in Pakistan: Musharraf

President Pervez Musharraf told a visiting US Congressional delegation Saturday there were no safe havens for terrorists on Pakistani soil, an official statement said. Musharraf also reiterated Pakistan's "strong resolve to fight extremism and terrorism"
Published 16 Sep, 2007 12:00am
No terrorist safe havens in Pakistan: Musharraf

No terrorist safe havens in Pakistan: Musharraf

President Pervez Musharraf told a visiting US Congressional delegation Saturday there were no safe havens for terrorists on Pakistani soil, an official statement said. Musharraf also reiterated Pakistan's "strong resolve to fight extremism and terrorism"
Published 16 Sep, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Government decides to import one million ton wheat

Government decides to import one million ton wheat

The government has decided to import one million ton wheat to deal with the prevalent situation, and to maintain a reasonable buffer stock for the future. The decision was taken by Prime Minister Shaukat Aziz at a meeting with Federal Ministers and Parlia
Published 16 Sep, 2007 12:00am
Government decides to import one million ton wheat

Government decides to import one million ton wheat

The government has decided to import one million ton wheat to deal with the prevalent situation, and to maintain a reasonable buffer stock for the future. The decision was taken by Prime Minister Shaukat Aziz at a meeting with Federal Ministers and Parlia
Published 16 Sep, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Government decides to import one million ton wheat

Government decides to import one million ton wheat

The government has decided to import one million ton wheat to deal with the prevalent situation, and to maintain a reasonable buffer stock for the future. The decision was taken by Prime Minister Shaukat Aziz at a meeting with Federal Ministers and Parlia
Published 16 Sep, 2007 12:00am
E-filing system completely collapses

E-filing system completely collapses

The new e-filing system through web-portal has collapsed and is not responding to the taxpayers who want to electronically file the returns. Taxpayers told Business Recorder on Saturday that they were facing serious problems in enrolment and filing
Published 16 Sep, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
E-filing system completely collapses

E-filing system completely collapses

The new e-filing system through web-portal has collapsed and is not responding to the taxpayers who want to electronically file the returns. Taxpayers told Business Recorder on Saturday that they were facing serious problems in enrolment and filing
Published 16 Sep, 2007 12:00am
E-filing system completely collapses

E-filing system completely collapses

The new e-filing system through web-portal has collapsed and is not responding to the taxpayers who want to electronically file the returns. Taxpayers told Business Recorder on Saturday that they were facing serious problems in enrolment and filing
Published 16 Sep, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Nepra resisting coal-based power upfront tariff fixation

Nepra resisting coal-based power upfront tariff fixation

The upfront tariff on coal-based power projects in Sindh has not been decided yet as the Sindh government is facing stiff resistance from National Electric Power Regulatory Authority (Nepra) to reach an agreeable formula to finalise the rates.
Published 16 Sep, 2007 12:00am
Nepra resisting coal-based power upfront tariff fixation

Nepra resisting coal-based power upfront tariff fixation

The upfront tariff on coal-based power projects in Sindh has not been decided yet as the Sindh government is facing stiff resistance from National Electric Power Regulatory Authority (Nepra) to reach an agreeable formula to finalise the rates.
Published 16 Sep, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Nepra resisting coal-based power upfront tariff fixation

Nepra resisting coal-based power upfront tariff fixation

The upfront tariff on coal-based power projects in Sindh has not been decided yet as the Sindh government is facing stiff resistance from National Electric Power Regulatory Authority (Nepra) to reach an agreeable formula to finalise the rates.
Published 16 Sep, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
''Pakistan in top 10 in trade dynamism, market flexibility''

''Pakistan in top 10 in trade dynamism, market flexibility''

Pakistan has been listed among top 10 countries in the world business dynamism and market flexibility, according to a ''Competitiveness Support Fund'' (CSF) report, issued here on Saturday. The report says that Pakistan has shown serious efforts in improv
Published 16 Sep, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
'Pakistan in top 10 in trade dynamism, market flexibility'

'Pakistan in top 10 in trade dynamism, market flexibility'

Pakistan has been listed among top 10 countries in the world business dynamism and market flexibility, according to a 'Competitiveness Support Fund' (CSF) report, issued here on Saturday. The report says that Pakistan has shown serious efforts in improvin
Published 16 Sep, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
'Pakistan in top 10 in trade dynamism, market flexibility'

'Pakistan in top 10 in trade dynamism, market flexibility'

Pakistan has been listed among top 10 countries in the world business dynamism and market flexibility, according to a 'Competitiveness Support Fund' (CSF) report, issued here on Saturday. The report says that Pakistan has shown serious efforts in improvin
Published 16 Sep, 2007 12:00am
THE RUPEE: marginal gains versus dollar

THE RUPEE: marginal gains versus dollar

The rupee managed to recover two paisa against the dollar in the interbank market for buying at Rs 60.61 and it also picked up three paisa for selling at Rs 60.62, dealers said on Saturday.
Published 16 Sep, 2007 12:00am
THE RUPEE: marginal gains versus dollar

THE RUPEE: marginal gains versus dollar

The rupee managed to recover two paisa against the dollar in the interbank market for buying at Rs 60.61 and it also picked up three paisa for selling at Rs 60.62, dealers said on Saturday.
Published 16 Sep, 2007 12:00am
''No decision taken on sale of Roosevelt Hotel''

''No decision taken on sale of Roosevelt Hotel''

While referring to a news item regarding proceedings of a meeting of the standing committee on defence and defence production, a spokesman of the Privatisation Commission on Saturday clarified that no decision has yet been taken for the sell off Roosevelt
Published 16 Sep, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
'No decision taken on sale of Roosevelt Hotel'

'No decision taken on sale of Roosevelt Hotel'

While referring to a news item regarding proceedings of a meeting of the standing committee on defence and defence production, a spokesman of the Privatisation Commission on Saturday clarified that no decision has yet been taken for the sell off Roosevelt
Published 16 Sep, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (September 17, 2007).
Published 16 Sep, 2007 12:00am
'No decision taken on sale of Roosevelt Hotel'

'No decision taken on sale of Roosevelt Hotel'

While referring to a news item regarding proceedings of a meeting of the standing committee on defence and defence production, a spokesman of the Privatisation Commission on Saturday clarified that no decision has yet been taken for the sell off Roosevelt
Published 16 Sep, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (September 17, 2007).
Published 16 Sep, 2007 12:00am
K-IV water project put off till next year

K-IV water project put off till next year

Political instability and other unfavourable circumstances have affected the construction of K-IV 150-mgd water project of Karachi Water and Sewerage Board (KWSB) and delayed it till next year.
Published 16 Sep, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (September 15, 2007) and for Sunday (September 16, 2007).
Published 16 Sep, 2007 12:00am
K-IV water project put off till next year

K-IV water project put off till next year

Political instability and other unfavourable circumstances have affected the construction of K-IV 150-mgd water project of Karachi Water and Sewerage Board (KWSB) and delayed it till next year.
Published 16 Sep, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday September 17, 2007
Published 16 Sep, 2007 12:00am
World Bank team not happy with consultant''s working

World Bank team not happy with consultant''s working

The World Bank (WB) is not happy with the performance of foreign consultant Hugo Hanisch for his alleged failure to proper monitor and manage the Tax Administration Reforms Project (TARP).
Published 16 Sep, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday September 17, 2007
Published 16 Sep, 2007 12:00am
World Bank team not happy with consultant's working

World Bank team not happy with consultant's working

The World Bank (WB) is not happy with the performance of foreign consultant Hugo Hanisch for his alleged failure to proper monitor and manage the Tax Administration Reforms Project (TARP).
Published 16 Sep, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday September 17, 2007
Published 16 Sep, 2007 12:00am
World Bank team not happy with consultant's working

World Bank team not happy with consultant's working

The World Bank (WB) is not happy with the performance of foreign consultant Hugo Hanisch for his alleged failure to proper monitor and manage the Tax Administration Reforms Project (TARP).
Published 16 Sep, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Justice Buttar made CZC chairman: six additional judges appointed in SHC

Justice Buttar made CZC chairman: six additional judges appointed in SHC

President General Pervez Musharraf has appointed six additional judges of the Sindh High Court on vacant posts for a period of one-year from the date they take oath of their office. They are: Arshad Siraj, Syed Mehmood Alam Rizvi, Abdul Rehaman Farooq Pir
Published 16 Sep, 2007 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Justice Buttar made CZC chairman: six additional judges appointed in SHC

Justice Buttar made CZC chairman: six additional judges appointed in SHC

President General Pervez Musharraf has appointed six additional judges of the Sindh High Court on vacant posts for a period of one-year from the date they take oath of their office. They are: Arshad Siraj, Syed Mehmood Alam Rizvi, Abdul Rehaman Farooq Pir
Published 16 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Bomb plot suspect worked at Frankfurt airport

Bomb plot suspect worked at Frankfurt airport

One of three men arrested in Germany on suspicion of plotting major bomb attacks worked at Frankfurt airport, one of the alleged targets, according to the weekly Der Spiegel. The report to be published Monday said Adem Y., a Turk, had been employed from 1
Published 16 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
Sudan tells IMF budget strained by peace accords

Sudan tells IMF budget strained by peace accords

The cost of complying with a series of peace accords is straining Sudan's budget, top Sudanese officials said in a letter to the International Monetary Fund released on Friday asking for debt relief.
Published 16 Sep, 2007 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (September 15, 2007).
Published 16 Sep, 2007 12:00am
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