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Print - 2007-09-20
Minister urges opposition to show political acumen

Minister urges opposition to show political acumen

General Secretary Pakistan Muslim league (PML-Q) Sindh and Provincial Irrigation Minister, Sardar Nadir Akmal Leghari has welcomed the President's decision to doff uniform after his re-election as President and said the decision was reflective of his 'dem
Published 20 Sep, 2007 12:00am
Mushahid welcomes British tourists

Mushahid welcomes British tourists

Secretary General Pakistan Muslim League Senator Mushahid Hussain Sayed welcoming a British tourist delegation said Pakistan is one of the best countries for natural and religious tourism.
Published 20 Sep, 2007 12:00am
Movement of wheat and Atta from Mirpur to Punjab banned

Movement of wheat and Atta from Mirpur to Punjab banned

District Magistrate Mirpur has imposed restriction, with immediate elect, on the transportation of Wheat and Atta from Mirpur district to adjoining Punjab province here on Wednesday. Official sources told APP here Wednesday that District Magistrate Mirpur
Published 20 Sep, 2007 12:00am
Traffic mess a growing problem in twin cities

Traffic mess a growing problem in twin cities

The traffic problems are growing in the twin cities of Rawalpindi and Islamabad due to violation of traffic rules. The public transport wagons stop at unauthorised stops on the busy roads without giving any indicator which has led to many accidents.
Published 20 Sep, 2007 12:00am
65 doctors in AJK promoted

65 doctors in AJK promoted

At least 65 senior doctors of different cadres working in the public-sector hospitals in various parts of Azad Jammu Kashmir have been promoted following their outstanding performance and seniority.
Published 20 Sep, 2007 12:00am
Minfal not responsible for wheat crisis: minister

Minfal not responsible for wheat crisis: minister

Federal Minister for Food and Agriculture and Livestock Sikandar Hayat Bosan has said that Minfal was not responsible for the current wheat crisis and figures of bumper crop were also correct
Published 20 Sep, 2007 12:00am
'All notified Katchi Abadis to be leased'

'All notified Katchi Abadis to be leased'

Sindh Local Government Minister Muhammad Hussain has said that grant of lease to Katchi Abadies of Clifton was not a favour to their inhabitants, their basic rights were denied by previous successive governments.
Published 20 Sep, 2007 12:00am
Rs 700 million reserved for construction of two new labour complexes

Rs 700 million reserved for construction of two new labour complexes

Punjab government has set aside more than Rs 700 million for the construction of two new labour complexes in Sialkot. Official sources told Business Recorder here on Wednesday that the proposed labour complexes would be established at Sialkot-Wazir
Published 20 Sep, 2007 12:00am
Schools, food centres to be set up from Zakat funds: Ijaz

Schools, food centres to be set up from Zakat funds: Ijaz

Ministry of Religious Affairs, Zakat and Ushr has decided to establish schools and food centres from Zakat funds to provide free education and food to the poor people in the country. Religious Affairs Minister Ijazul Haq told mediapersons here after dispa
Published 20 Sep, 2007 12:00am
Adoption of PAEC pay scales approved for Parc employees

Adoption of PAEC pay scales approved for Parc employees

Prime Minister Shaukat Aziz has approved the adoption of pay scales and allowances of Pakistan Atomic Energy Commission (PAEC) for the employees of Pakistan Agricultural Research Council (PARC). The new pay scales would be implemented from January 1, 2007
Published 20 Sep, 2007 12:00am
Railways extends date for availing reduced fares

Railways extends date for availing reduced fares

Pakistan Railways, to facilitate passengers, have announced extension in the date for availing reduced fares of AC parlour cars and standard AC facility on the following trains.
Published 20 Sep, 2007 12:00am
Four killed, 11 hurt as bus hits van

Four killed, 11 hurt as bus hits van

Four people were killed, while 11 others sustained injuries when a college bus hit a Suzuki van at charring cross, here on Wednesday. Police and Rescue 1122 teams rushed to the spot and shifted the victims to the hospital for medical treatment.
Published 20 Sep, 2007 12:00am
16 policemen ousted from ITP over poor performance

16 policemen ousted from ITP over poor performance

Sixteen policemen of Islamabad Traffic Police (ITP) have been sent back to Islamabad Capital Territory (ICT) Police due to un-satisfactory performance and complaints of misbehaviour, it was officially learnt here on Wednesday.
Published 20 Sep, 2007 12:00am
SPELT conference to begins from November 2

SPELT conference to begins from November 2

The 23rd Conference of the Society of Pakistan English Language Teachers (SPELT) will commence from November two. This was stated by the Conference Coordinator, Ms Huma M. Thaver, while talking to APP here on Wednesday.
Published 20 Sep, 2007 12:00am
HEC team leaving for Beijing on September 24

HEC team leaving for Beijing on September 24

A four-member delegation of Higher Education Commission (HEC) is leaving for Beijing on September 24, to attend the first meeting of the joint working group constituted to frame modalities for setting up Pak-China University (PCU) of Engineering, Science
Published 20 Sep, 2007 12:00am
Loadshedding irks Khairpur traders

Loadshedding irks Khairpur traders

Unscheduled load shedding of electricity is affecting industrial productivity as well as export orders commitment. Anjuman-e-Tajran Khairpur President Hussain Bux Abassi said while talking to newsmen here on Wednesday, said the process of manufacturing of
Published 20 Sep, 2007 12:00am
Development centres to help prepare skilful workforce

Development centres to help prepare skilful workforce

Chairman Task Force for Commerce and Industry Mian Muhammad Riaz on Wednesday said that the establishment of cluster development centres in different cities of the province would help prepare workforce of skilful persons.
Published 20 Sep, 2007 12:00am
New e-filing system irks taxpayers

New e-filing system irks taxpayers

The new e-filing system through web-portal is not responding to the taxpayers who want to file the returns electronically and they were facing serious problems in enrolment and filing of sales tax and federal excise returns.
Published 20 Sep, 2007 12:00am
'New export financing scheme against exporters interests'

'New export financing scheme against exporters interests'

Local business community rejects the new export financing scheme, which is against the interests of the exporters and it only provides shelter to the financial institutions. These observations were made during a meeting of joint trade bodies' forum Sialko
Published 20 Sep, 2007 12:00am
KCCI assured of steps to boost exports to Italy

KCCI assured of steps to boost exports to Italy

Pakistan Ambassador-designates to Italy Tasnim Aslam has assured the business community that she will do whatever in her capacity to boost Pakistan exports to Italy. Addressing members of Karachi Chamber of Commerce and Industry (KCCI) on Wednesday, she s
Published 20 Sep, 2007 12:00am
Hearing of three NAB references adjourned

Hearing of three NAB references adjourned

The hearing of three NAB references against Irshad Ahmed Shaikh, Abdul Hakeem Makhdoom, Pir Bux Solangi and Abdul Sattar Mandokhel was adjourned till October 22, 2007 by Accountability Court No I at the request of junior defence counsel.
Published 20 Sep, 2007 12:00am
Etisalat job-cut plan opposed

Etisalat job-cut plan opposed

Workers at Pakistan Telecommunication Co Ltd (PTCL) will resist plans by Emirates Telecommunications Corp (Etisalat) to cut jobs at its Pakistani affiliate, a union leader said on Wednesday. United Arab Emirates based Etisalat said on Tuesday it was plann
Published 20 Sep, 2007 12:00am
Beggars invade Karachi

Beggars invade Karachi

Beggars from upcountry have 'invaded' Karachi city for the month of Ramazan and the coming Eidul Fitr, reports UPP correspondent. Though the City District Government and the various Town Administrations including specialist the Gulshan Iqbal town administ
Published 20 Sep, 2007 12:00am
PTCL employees' salaries increased by 15 percent

PTCL employees' salaries increased by 15 percent

PTCL has announced 15 percent increment in salaries for all regular PTCL employees effective from the next month. In this regard a press release was issued by the company here on Wednesday said that the decision had been taken on the basis of a proposal m
Published 20 Sep, 2007 12:00am
Ibad assures cooperation to petroleum dealers

Ibad assures cooperation to petroleum dealers

Sindh Governor Dr Ishrat-ul-Ibad has assured of all possible co-operation to get relief for Petroleum Dealers Association without over-burdening the people. He issued necessary instructions to concerned authorities for taking action against illegal sale o
Published 20 Sep, 2007 12:00am
Committee formed for SCBA elections

Committee formed for SCBA elections

Secretary Supreme Court Bar Association (SCBA) Zulfiqar Ali Bokhari has constituted a four member Election Committee to hold SCBA elections 2007 on October 27. A SCBA notification issued here on Wednesday said that Hafiz S A Rehman Advocate Supreme Court
Published 20 Sep, 2007 12:00am
Yuvraj's six sixes in over keep India afloat

Yuvraj's six sixes in over keep India afloat

Yuvraj Singh smashed English fast bowler Stuart Broad for six sixes in an over as India won by 18 runs to stay alive in the Twenty20 world championships here on Wednesday.
Published 20 Sep, 2007 12:00am
Yuvraj's six sixes in over keep India afloat

Yuvraj's six sixes in over keep India afloat

Yuvraj Singh smashed English fast bowler Stuart Broad for six sixes in an over as India won by 18 runs to stay alive in the Twenty20 world championships here on Wednesday.
Published 20 Sep, 2007 12:00am
Guidelines for Dar-ul-Amans launched

Guidelines for Dar-ul-Amans launched

Punjab Social Welfare Minister Rai Munsab Ali has said his government and Germany are jointly implementing a development project to support the current reforms to reduce discrimination and violence against women and girls in Punjab.
Published 20 Sep, 2007 12:00am
'Changes brought in Ziarat policy'

'Changes brought in Ziarat policy'

The Ministry of Religious Affairs, Zakat and Ushr, while reviewing the existing Ziarat Policy on visits to Muslim shrines in India, has brought certain changes therein in the public interest. According to Ministry's Spokesman Muhammad Sarwar here on Wedne
Published 20 Sep, 2007 12:00am
Saudi Consul General holding Iftar dinner on September 23

Saudi Consul General holding Iftar dinner on September 23

The Consul General of the Saudi Arabian Kingdom H.E. Dr Hassan A. Attar, who is also the Dean of the Consular Corps in Karachi, is holding an Iftar-dinner on September 23 at a local hotel. The Iftar-dinner by the Saudi Consul General is expected to be att
Published 20 Sep, 2007 12:00am
Electric inspectors told to submit progress report

Electric inspectors told to submit progress report

Punjab Minister for Power Chaudhry Armaghan Subhani has ordered electricity inspectors to submit an updated progress report on levy of Electricity Duty (ED) for Independent & Small Power Producer, Prime and Standby Generators after the expiry of 40 days o
Published 20 Sep, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (September 19, 2007) and the forecast for Thursday (September 20, 2007).
Published 20 Sep, 2007 12:00am
LHC sets aside orders

LHC sets aside orders

The Lahore High Court set aside orders by the Technical Education and Vocation Training Authority (Tevta) secretary, restoring the poly technical school manager in Shahdara.
Published 20 Sep, 2007 12:00am
New York cotton

New York cotton

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

Published 20 Sep, 2007 12:00am
Dealers receiving flour at former mill rate

Dealers receiving flour at former mill rate

The flour dealers have reported that they have started receiving flour from mills at the government's ex-mill rate of Rs 285 per 20 kg bag. Multan Road's flour dealers and the dealers from other areas apprised that prices are being quoted by the mills on
Published 20 Sep, 2007 12:00am
New York cotton

New York cotton

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

Published 20 Sep, 2007 12:00am
Germany to compensate Jewish workers from Nazi era

Germany to compensate Jewish workers from Nazi era

The German government on Wednesday said it would pay compensation to some 50,000 Jews who were forced by the Nazis to work in ghettos but failed to qualify for pay-outs from a fund for former slave labourers. The finance ministry will pay those who come f
Published 20 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 20 Sep, 2007 12:00am
Germany to compensate Jewish workers from Nazi era

Germany to compensate Jewish workers from Nazi era

The German government on Wednesday said it would pay compensation to some 50,000 Jews who were forced by the Nazis to work in ghettos but failed to qualify for pay-outs from a fund for former slave labourers. The finance ministry will pay those who come f
Published 20 Sep, 2007 12:00am
Uzbekistan defence minister arrives

Uzbekistan defence minister arrives

A six-member defence delegation, led by the Defence Minister of the Republic of Uzbekistan, Ruslan Mirzaev arrived on Wednesday on a three-day official visit to Pakistan. The delegation was received by Major General Mir Haider Ali Khan, Additional Secreta
Published 20 Sep, 2007 12:00am
Uzbekistan defence minister arrives

Uzbekistan defence minister arrives

A six-member defence delegation, led by the Defence Minister of the Republic of Uzbekistan, Ruslan Mirzaev arrived on Wednesday on a three-day official visit to Pakistan. The delegation was received by Major General Mir Haider Ali Khan, Additional Secreta
Published 20 Sep, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
Anti-Syrian MP killed in Lebanon car bombing

Anti-Syrian MP killed in Lebanon car bombing

An anti-Syrian lawmaker and eight other people were killed in a car bombing in a Christian suburb of Beirut on Wednesday, plunging deeply divided Lebanon into further chaos days ahead of a crucial vote.
Published 20 Sep, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (September 19, 2007) and for Thursday (September 20, 2007).
Published 20 Sep, 2007 12:00am
Anti-Syrian MP killed in Lebanon car bombing

Anti-Syrian MP killed in Lebanon car bombing

An anti-Syrian lawmaker and eight other people were killed in a car bombing in a Christian suburb of Beirut on Wednesday, plunging deeply divided Lebanon into further chaos days ahead of a crucial vote.
Published 20 Sep, 2007 12:00am
FBR issues new tax deduction statement

FBR issues new tax deduction statement

The Federal Board of Revenue (FBR) has issued new income tax statement for deduction of tax at source under section 165 (2) of the Income Tax Ordinance 2001. The board on Wednesday amended Income Tax Rules 2002 through SRO 946 (I)/2007 to revise the month
Published 20 Sep, 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, September 20, 2007.

Published 20 Sep, 2007 12:00am
FBR issues new tax deduction statement

FBR issues new tax deduction statement

The Federal Board of Revenue (FBR) has issued new income tax statement for deduction of tax at source under section 165 (2) of the Income Tax Ordinance 2001. The board on Wednesday amended Income Tax Rules 2002 through SRO 946 (I)/2007 to revise the month
Published 20 Sep, 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, September 20, 2007.

Published 20 Sep, 2007 12:00am
FBR issues new tax deduction statement

FBR issues new tax deduction statement

The Federal Board of Revenue (FBR) has issued new income tax statement for deduction of tax at source under section 165 (2) of the Income Tax Ordinance 2001. The board on Wednesday amended Income Tax Rules 2002 through SRO 946 (I)/2007 to revise the month
Published 20 Sep, 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, September 20, 2007.

Published 20 Sep, 2007 12:00am
FBR issues new tax deduction statement

FBR issues new tax deduction statement

The Federal Board of Revenue (FBR) has issued new income tax statement for deduction of tax at source under section 165 (2) of the Income Tax Ordinance 2001. The board on Wednesday amended Income Tax Rules 2002 through SRO 946 (I)/2007 to revise the month
Published 20 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
HBFC signs accord with banks consortium

HBFC signs accord with banks consortium

The House Building Finance Corporation (HBFC) struck an agreement with the consortium of banks to issue Sukuks worth Rs 3 billion. HBFC Managing Director Zaigham Rizwi, Emirates Global Bank President Tariq Hussain, Standard Chartered Managing Director Saq
Published 20 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
HBFC signs accord with banks consortium

HBFC signs accord with banks consortium

The House Building Finance Corporation (HBFC) struck an agreement with the consortium of banks to issue Sukuks worth Rs 3 billion. HBFC Managing Director Zaigham Rizwi, Emirates Global Bank President Tariq Hussain, Standard Chartered Managing Director Saq
Published 20 Sep, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
HBFC signs accord with banks consortium

HBFC signs accord with banks consortium

The House Building Finance Corporation (HBFC) struck an agreement with the consortium of banks to issue Sukuks worth Rs 3 billion. HBFC Managing Director Zaigham Rizwi, Emirates Global Bank President Tariq Hussain, Standard Chartered Managing Director Saq
Published 20 Sep, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
Steel melters, re-rolling mills: procedure for sales tax payment issued

Steel melters, re-rolling mills: procedure for sales tax payment issued

The Federal Board of Revenue (FBR) has issued procedure for payment of sales tax by steel melters and re-rolling mills in cases where the sales tax has not been mentioned on the electricity bills. The board has amended Sales Tax Special Procedure Rules, 2
Published 20 Sep, 2007 12:00am
Steel melters, re-rolling mills: procedure for sales tax payment issued

Steel melters, re-rolling mills: procedure for sales tax payment issued

The Federal Board of Revenue (FBR) has issued procedure for payment of sales tax by steel melters and re-rolling mills in cases where the sales tax has not been mentioned on the electricity bills. The board has amended Sales Tax Special Procedure Rules, 2
Published 20 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
Steel melters, re-rolling mills: procedure for sales tax payment issued

Steel melters, re-rolling mills: procedure for sales tax payment issued

The Federal Board of Revenue (FBR) has issued procedure for payment of sales tax by steel melters and re-rolling mills in cases where the sales tax has not been mentioned on the electricity bills. The board has amended Sales Tax Special Procedure Rules, 2
Published 20 Sep, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
Steel melters, re-rolling mills: procedure for sales tax payment issued

Steel melters, re-rolling mills: procedure for sales tax payment issued

The Federal Board of Revenue (FBR) has issued procedure for payment of sales tax by steel melters and re-rolling mills in cases where the sales tax has not been mentioned on the electricity bills. The board has amended Sales Tax Special Procedure Rules, 2
Published 20 Sep, 2007 12:00am
US envoy to Malaysia urges conclusion of free-trade pact

US envoy to Malaysia urges conclusion of free-trade pact

The United States' new ambassador to Malaysia on Wednesday urged both countries to conclude negotiations for a free trade agreement after a missed deadline appears to have slowed the pace of talks.
Published 20 Sep, 2007 12:00am
Seven more FC soldiers abducted in NWFP

Seven more FC soldiers abducted in NWFP

Pro-Taliban militants abducted seven troops from a check-post at Tall in NWFP in the latest kidnapping to rock the military, officials said Wednesday. The insurgents surrounded the post at Tall in the Frontier province late Tuesday and abducted seven sold
Published 20 Sep, 2007 12:00am
THE RUPEE: dollar a bit low in interbank

THE RUPEE: dollar a bit low in interbank

Healthy trend in the country's remittance, helped the rupee against dollar in the interbank market on Wednesday, picking up two paisa for buying at Rs 60.60 and it also gained one paisa for selling at Rs 60.62, money dealers said.
Published 20 Sep, 2007 12:00am
Seven more FC soldiers abducted in NWFP

Seven more FC soldiers abducted in NWFP

Pro-Taliban militants abducted seven troops from a check-post at Tall in NWFP in the latest kidnapping to rock the military, officials said Wednesday. The insurgents surrounded the post at Tall in the Frontier province late Tuesday and abducted seven sold
Published 20 Sep, 2007 12:00am
THE RUPEE: dollar a bit low in interbank

THE RUPEE: dollar a bit low in interbank

Healthy trend in the country's remittance, helped the rupee against dollar in the interbank market on Wednesday, picking up two paisa for buying at Rs 60.60 and it also gained one paisa for selling at Rs 60.62, money dealers said.
Published 20 Sep, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
China to launch foreign exchange agency on September 28

China to launch foreign exchange agency on September 28

China's much-awaited new sovereign wealth fund will start operations on September 28, a semi-official newspaper reported on Wednesday. The China Business News, echoing other media reports, said the chairman of the agency would be Lou Jiwei, a former deput
Published 20 Sep, 2007 12:00am
'No plan to cut PTCL staff'

'No plan to cut PTCL staff'

PTCL is planning a Voluntary Separation Scheme (VSS) for employees, which would be absolutely 'non-binding', and nobody would be forced to leave the company.
Published 20 Sep, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Sep, 2007 12:00am
'No plan to cut PTCL staff'

'No plan to cut PTCL staff'

PTCL is planning a Voluntary Separation Scheme (VSS) for employees, which would be absolutely 'non-binding', and nobody would be forced to leave the company.
Published 20 Sep, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Sep, 2007 12:00am
Punjab to regularise services of 10,000 teachers

Punjab to regularise services of 10,000 teachers

The Punjab Government has decided to regularise services of about 10,000 educators inducted in the Education Department on adhoc basis to fulfil the shortage of teachers in the province.
Published 20 Sep, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Sep, 2007 12:00am
Punjab to regularise services of 10,000 teachers

Punjab to regularise services of 10,000 teachers

The Punjab Government has decided to regularise services of about 10,000 educators inducted in the Education Department on adhoc basis to fulfil the shortage of teachers in the province.
Published 20 Sep, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (September 19, 2007).

Published 20 Sep, 2007 12:00am
Sida and FAO enter over $6.4 million partnership with Erra

Sida and FAO enter over $6.4 million partnership with Erra

Swedish International Development Co-operation Agency (Sida) and UN Food and Agriculture Organisation (FAO) have entered into a $6,491,712 million partnership with Earthquake Reconstruction and Rehabilitation Authority (Erra) and its partners for restorin
Published 20 Sep, 2007 12:00am
Pakistan embarks on structural reforms agenda: Prime Minister

Pakistan embarks on structural reforms agenda: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said that Pakistan has achieved record economic growth and stability yet there are certain challenges which have to be confronted in order to achieve the desired level of progress and prosperity.
Published 20 Sep, 2007 12:00am