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Print - 2007-10-09
30 more dengue cases

30 more dengue cases

Sindh Public Health Department confirmed arrival of 30 new cases to different public and private sector hospitals in Karachi on Monday-bringing the total number of Dengue Fever patients to 648.
Published 09 Oct, 2007 12:00am
Sunflower to be sown on 1.1 million acres

Sunflower to be sown on 1.1 million acres

Sunflower will be sown on 1.1 million acres in 2007-08 season, 60 percent more than sown in 2006-07, an official in the Ministry of Food, Agriculture and Livestock (Minfal) told Business Recorder here on Monday.
Published 09 Oct, 2007 12:00am
NIB, Picic bank acquisition progress

NIB, Picic bank acquisition progress

Iqbal Hassan, President NIB Bank, has announced the new leadership team of the proposed Bank to be formed by the merger of PICIC, PICIC Commercial Bank and NIB Bank. This team drawn from senior executives of PICIC and NIB Bank will be responsible for maki
Published 09 Oct, 2007 12:00am
Promises to earthquake victims not fulfilled: survey

Promises to earthquake victims not fulfilled: survey

Two years on since devastating earthquake, the inadequate and ill-planned rehabilitation is still fuelling public discontent. The victims of the calamity especially the poor have traditionally remained on the periphery of policy making and resource alloca
Published 09 Oct, 2007 12:00am
Rolls-Royce announces new coupe

Rolls-Royce announces new coupe

Rolls-Royce Motor Cars has announced that it will launch a series version of the two-door, four-seater experimental car-101-EX in 2008. A statement issued here on Monday said that its production is scheduled to begin next summer at the company's manufactu
Published 09 Oct, 2007 12:00am
HP unveils dynamic range of computing products

HP unveils dynamic range of computing products

HP unveiled an innovative line-up of personal mobile and desktop computing products that have been designed to reflect consumers' personal and professional lives through meaningful innovations and the next-generation designs.
Published 09 Oct, 2007 12:00am
KSE holidays

KSE holidays

The Karachi Stock Exchange (KSE) will remain closed on October 10 (Wednesday) and October 12 (Friday) on account of Shab-e-Qadr (27th of Ramazan-ul-Mubarak) and Juma-Tul-Wida respectively. Moreover, the KSE will also remain closed on first, second and thi
Published 09 Oct, 2007 12:00am
Actis buys LMKR Holdings' 49 percent interest

Actis buys LMKR Holdings' 49 percent interest

The LMKR Holdings has announced that Actis, a private equity investor in emerging markets, has acquired a 49 percent interest in LMKR Holdings, for an undisclosed sum.
Published 09 Oct, 2007 12:00am
Actis buys LMKR Holdings' 49 percent interest

Actis buys LMKR Holdings' 49 percent interest

The LMKR Holdings has announced that Actis, a private equity investor in emerging markets, has acquired a 49 percent interest in LMKR Holdings, for an undisclosed sum.
Published 09 Oct, 2007 12:00am
World Post Day being observed today

World Post Day being observed today

World Post Day is being observed throughout the world today (October 9). Pakistan Post has arranged a display of commemorative stamps at Islamabad GPO G-6 as part of awareness campaign regarding World Post Day.
Published 09 Oct, 2007 12:00am
Hostels, guesthouses lack basic facilities

Hostels, guesthouses lack basic facilities

Provincial or district government neither has any department nor any rules and regulations for establishing standard hostels and guest houses in ancient city of Multan. However, establishing private hostels for youths and guesthouses are becoming a profit
Published 09 Oct, 2007 12:00am
Second anniversary of earthquake observed in Azad Kashmir

Second anniversary of earthquake observed in Azad Kashmir

The second anniversary of deadly earthquake of October 8, 2005 was observed throughout Azad Kashmir on Monday as a day of mourning and to pray for the rest of the departed souls of the martyred in eternal peace and to express complete solidarity and sympa
Published 09 Oct, 2007 12:00am
Mehfil-e-Shabeena at Faisal Mosque

Mehfil-e-Shabeena at Faisal Mosque

A three-night Mehfil-e-Shabeena will be organised from 27 to 29 Ramazan-ul-Mubarak 1428-H (October 9 to 11) here at the Faisal Mosque. According to the Ministry of Religious Affairs here, twelve Huffaz have been selected from across the country for the re
Published 09 Oct, 2007 12:00am
Adding milk to tea alters its health benefits

Adding milk to tea alters its health benefits

Drinking tea reduces the risk of heart disease and stroke, but adding milk alters the effects. Previous research has shown that drinking tea improves blood flow and the ability of arteries to relax, BBC reported.
Published 09 Oct, 2007 12:00am
Nation observes second anniversary of earthquake

Nation observes second anniversary of earthquake

The nation observed the second anniversary of the devastating earthquake of October 8, 2005, today. The quake had left over 73,000 people dead and thousands injured along with millions homeless in the North West Frontier Province (NWFP) and Azad Kashmir.
Published 09 Oct, 2007 12:00am
Fesco to recruit meter readers

Fesco to recruit meter readers

Faisalabad Electric Supply Company (Fesco) will recruit meter readers and Assistant Linemen on contract for a period of two years. Fesco Human Resource and Administration Director Lieutenant Colonel Muhammad Najeeb Alvi (retd) said here on Monday.
Published 09 Oct, 2007 12:00am
Shujaat's remarks on NRO termed unethical

Shujaat's remarks on NRO termed unethical

Pakistan People's Party (PPP) central leader Syed Yousaf Raza Gilani, while commenting on PML-Q President Chaudhry Shujaat Hussain's statement regarding National Reconciliation Ordinance (NRO), said on Monday that no one could deceive the PPP. The time wo
Published 09 Oct, 2007 12:00am
Bureaucratic snags delay computerisation of land record

Bureaucratic snags delay computerisation of land record

The powerful land mafia, supported by top brass of Multan Development Authority (MDA) and ruling PML-Q has once again succeeded in halting the process of computerisation of land record of the MDA housing schemes including private housing schemes developed
Published 09 Oct, 2007 12:00am
Consumers protest against price hike trends

Consumers protest against price hike trends

A large number of consumers gathered at the Consumer Association and "The Network' offices on Monday, resolved on strong activist networking as a means to strong protest against price-hike and rising prices of goods that has made their life unpleasant as
Published 09 Oct, 2007 12:00am
No slowing down in Pak-India dialogue: foreign office

No slowing down in Pak-India dialogue: foreign office

Pakistan has rejected the impression that political instability within the country is taking away the pace of the peace talks with India, but admits lack of substantial progress on the core dispute of Kashmir.
Published 09 Oct, 2007 12:00am
Changing Basmati rice norm: 'India to lose against Pakistan'

Changing Basmati rice norm: 'India to lose against Pakistan'

India stands to lose, against Pakistan, in international market for Basmati rice, if definition and scope of the premium grain is expanded to include evolved varieties, Agricultural & Processed Food Products Export Development Authority (Apeda) Chairman K
Published 09 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Monday (October 08, 2007) and the forecast for Tuesday (October 09, 2007).
Published 09 Oct, 2007 12:00am
India and Pakistan top FDI recipients in 2006

India and Pakistan top FDI recipients in 2006

India and Pakistan were top recipients of foreign direct investment (FDI) inflows to South Asia, with India getting major share of $17 billion from total $22 billion and Pakistan $4.3 billion FDI in 2006.
Published 09 Oct, 2007 12:00am
New York cotton

New York cotton

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

Published 09 Oct, 2007 12:00am
NRO challenged in Supreme Court

NRO challenged in Supreme Court

An NGO, 'Insaaf Welfare Trust', has challenged the National Reconciliation Ordinance in the Supreme Court. The petitioner has listed following grounds for declaring the ordinance unjust, abuse of authority and a corrupt deal being against the fundamental
Published 09 Oct, 2007 12:00am
New York cotton

New York cotton

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

Published 09 Oct, 2007 12:00am
Benazir urges rejection of militancy

Benazir urges rejection of militancy

PPP Chairperson Benazir Bhutto has called upon the Muslim world to realise the conspiracy being hatched against them and reject militancy and extremism. She was commenting on Taliban Commander Baitullah Mehsud's threat of suicide attacks against her.
Published 09 Oct, 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 09 Oct, 2007 12:00am
Sindh Secretariat attendance remains thin before Eid

Sindh Secretariat attendance remains thin before Eid

Attendance in the Sindh Secretariat and attached offices remained thin on Monday as officials have begun to proceed on Eid holiday. A visit to the Sindh Secretariat showed that from clerical to mid-level officers have proceeded on leaves anticipating Eid
Published 09 Oct, 2007 12:00am
SHC disposes of Zardari's case

SHC disposes of Zardari's case

Justice Sarmad Jalal Usmani of Sindh High Court on Monday disposed of Asif Ali Zardari's application seeking transfer of former Sindh Irrigation Secretary Alam Baloch murder case against him from court of District and Session Judge Hyderabad to another. S
Published 09 Oct, 2007 12:00am
Eid holidays announced

Eid holidays announced

The government has announced October 13 to October 16 (Saturday to Tuesday) as public holidays on the occasion of Eid, says a press release issued here on Monday.
Published 09 Oct, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
PML government striving for solidarity

PML government striving for solidarity

Better relations among provinces are of vital importance for the federation and the Pakistan Muslim League (PML) government is paying special attention to the promotion of national solidarity and development of backward areas of all provinces.
Published 09 Oct, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (October 08, 2007) and for Tuesday (October 09, 2007).
Published 09 Oct, 2007 12:00am
Progas imports another parcel of 3,300 metric tons LPG

Progas imports another parcel of 3,300 metric tons LPG

Progas Pakistan Limited LPG Terminal imported another parcel of 3,300 Metric Tons of Liquefied Petroleum Gas (LPG) on October 4. The LPG was unloaded from LPG Carrier 'Rio Gracia' that was alongside at the LPG Terminal at Port Qasim from October 3 and 4.
Published 09 Oct, 2007 12:00am
'Asia, Pacific region moving too slowly to reduce child mortality'

'Asia, Pacific region moving too slowly to reduce child mortality'

The Asia and Pacific region as a whole is forging ahead on many of the Millennium Development Goals (MDGs), but there is uneven progress within countries and many of the less developed economies need global support to plug some of their key development ga
Published 09 Oct, 2007 12:00am
NRO to remove political tension, bitterness: Sherpao

NRO to remove political tension, bitterness: Sherpao

Interior Minister Aftab Ahmed Khan Sherpao on Monday said the National Reconciliation Ordinance (NRO) is neither a political conspiracy nor aims at letting someone down, rather it has been introduced to remove the environment of political tension and bitt
Published 09 Oct, 2007 12:00am
Prime Minister opens artificial limb centre in Muzaffarabad

Prime Minister opens artificial limb centre in Muzaffarabad

Prime Minister Shaukat Aziz said that the sufferings of the earthquake affectees could not be forgotten and the government would leave no stone unturned to provide them better facilities than before. He said that the government is making all out efforts t
Published 09 Oct, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Quake challenge turned into opportunity: President

Quake challenge turned into opportunity: President

President General Pervez Musharraf on Monday said that the earthquake challenge had been converted into an opportunity by rebuilding the lives of the earthquake-affected people on modern lines in Azad Jammu and Kashmir and the NWFP.
Published 09 Oct, 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 Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Two education department clerks held in fraud case

Two education department clerks held in fraud case

The anti-corruption establishment has arrested a clerk of Deputy District Officer, Education Daska, Muhammad Aslam Tahir and a senior clerk Mehboob Alam while taking bribe from a retired education department employee for preparing his pension papers, sent
Published 09 Oct, 2007 12:00am
Musharraf ideal choice of leadership: US survey

Musharraf ideal choice of leadership: US survey

President General Pervez Musharraf is an obvious and ideal choice for leadership of Pakistan in comparison to Benazir Bhutto and Mian Muhammad Nawaz Sharif, says International Public Opinion Polls (IPOP) survey report.
Published 09 Oct, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Private Members' Day today

Private Members' Day today

A number of questions have been posted for the National Assembly Private Members' Day sitting on Tuesday. These deal with shortage of Atta and its disappearance from the market as well as inadequate civic facilities in G-11 sector Islamabad.
Published 09 Oct, 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 Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Pakistanis overwhelmingly favour international trade: survey

Pakistanis overwhelmingly favour international trade: survey

An overwhelming majority of Pakistanis are supportive of international trade as they see it good for economic advancement of the country, according to a latest world-wide public opinion survey. The survey by 'Pew Global Attitudes Projects' found that 82 p
Published 09 Oct, 2007 12:00am
RBS consortium to take over ABN Amro

RBS consortium to take over ABN Amro

A European consortium led by Royal Bank of Scotland on Monday clinched a record 71-billion-euro (100-billion-dollar) take-over of ABN Amro, paving the way for the break-up of the Dutch lender.
Published 09 Oct, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
RBS consortium to take over ABN Amro

RBS consortium to take over ABN Amro

A European consortium led by Royal Bank of Scotland on Monday clinched a record 71-billion-euro (100-billion-dollar) take-over of ABN Amro, paving the way for the break-up of the Dutch lender.
Published 09 Oct, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
RBS consortium to take over ABN Amro

RBS consortium to take over ABN Amro

A European consortium led by Royal Bank of Scotland on Monday clinched a record 71-billion-euro (100-billion-dollar) take-over of ABN Amro, paving the way for the break-up of the Dutch lender.
Published 09 Oct, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Supreme Court dissatisfied with steps to curb price hike

Supreme Court dissatisfied with steps to curb price hike

The Supreme Court has expressed dissatisfaction over government''s measures to check price hike during Ramazan. A four-member bench, headed by Chief Justice Iftikhar Mohammad Chaudhry, was hearing a suo motu notice concerning the recent price hike and sca
Published 09 Oct, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Supreme Court dissatisfied with steps to curb price hike

Supreme Court dissatisfied with steps to curb price hike

The Supreme Court has expressed dissatisfaction over government's measures to check price hike during Ramazan. A four-member bench, headed by Chief Justice Iftikhar Mohammad Chaudhry, was hearing a suo motu notice concerning the recent price hike and scar
Published 09 Oct, 2007 12:00am
Supreme Court dissatisfied with steps to curb price hike

Supreme Court dissatisfied with steps to curb price hike

The Supreme Court has expressed dissatisfaction over government's measures to check price hike during Ramazan. A four-member bench, headed by Chief Justice Iftikhar Mohammad Chaudhry, was hearing a suo motu notice concerning the recent price hike and scar
Published 09 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Shell starts offshore drilling

Shell starts offshore drilling

Shell has started much awaited offshore drilling in Indus Block this week. "With pre-drill resource potential of 300mmbbl oil, Shell drilling in Anne-1 well in Pakistan''s ultra-deep offshore region commenced this week", an analyst at KASB Securities said
Published 09 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Shell starts offshore drilling

Shell starts offshore drilling

Shell has started much awaited offshore drilling in Indus Block this week. "With pre-drill resource potential of 300mmbbl oil, Shell drilling in Anne-1 well in Pakistan's ultra-deep offshore region commenced this week", an analyst at KASB Securities said
Published 09 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
Shell starts offshore drilling

Shell starts offshore drilling

Shell has started much awaited offshore drilling in Indus Block this week. "With pre-drill resource potential of 300mmbbl oil, Shell drilling in Anne-1 well in Pakistan's ultra-deep offshore region commenced this week", an analyst at KASB Securities said
Published 09 Oct, 2007 12:00am
Soaring cotton prices: towel exports fall 36.27 percent

Soaring cotton prices: towel exports fall 36.27 percent

The soaring prices of cotton yarn and export refinancing issues are believed to have brought down the export of various kind of towels by 36.27 percent during August 2007 as compared to the same period of the last fiscal year 2006, said industry sources o
Published 09 Oct, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 18th August 2007.

Published 09 Oct, 2007 12:00am
Israel's Peres congratulates Musharraf

Israel's Peres congratulates Musharraf

Israeli President Shimon Peres on Monday congratulated Pervez Musharraf on his yet unofficial reelection as president of Pakistan, a country with which Israel has no relations. "Although we do not have formal relations, I would like to convey my best wish
Published 09 Oct, 2007 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 18th August 2007.

Published 09 Oct, 2007 12:00am
Israel's Peres congratulates Musharraf

Israel's Peres congratulates Musharraf

Israeli President Shimon Peres on Monday congratulated Pervez Musharraf on his yet unofficial reelection as president of Pakistan, a country with which Israel has no relations. "Although we do not have formal relations, I would like to convey my best wish
Published 09 Oct, 2007 12:00am
$10 million orders secured at Bangkok gems and jewellery fair

$10 million orders secured at Bangkok gems and jewellery fair

Pakistan secured orders worth around $10 million during the Bangkok Gems and Jewellery Fair, held in Bangkok from September 18 to 22. According to details available here on Monday, Pakistan''s participation was organised by Pakistan Gems and Jewellery Dev
Published 09 Oct, 2007 12:00am
$10 million orders secured at Bangkok gems and jewellery fair

$10 million orders secured at Bangkok gems and jewellery fair

Pakistan secured orders worth around $10 million during the Bangkok Gems and Jewellery Fair, held in Bangkok from September 18 to 22. According to details available here on Monday, Pakistan's participation was organised by Pakistan Gems and Jewellery Deve
Published 09 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
$10 million orders secured at Bangkok gems and jewellery fair

$10 million orders secured at Bangkok gems and jewellery fair

Pakistan secured orders worth around $10 million during the Bangkok Gems and Jewellery Fair, held in Bangkok from September 18 to 22. According to details available here on Monday, Pakistan's participation was organised by Pakistan Gems and Jewellery Deve
Published 09 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 08, 2007).

Published 09 Oct, 2007 12:00am
China launches market in interest rate forwards

China launches market in interest rate forwards

China will permit trading in interest rate forwards starting on November 1, the latest step towards making its financial markets more market-oriented. The People's Bank of China said on Monday that it would allow forward rate agreements so that investors
Published 09 Oct, 2007 12:00am
Latvia CPI hits 11 percent

Latvia CPI hits 11 percent

Latvian inflation jumped 1.9 percent last month to stand 11.4 percent higher than a year earlier, data showed on Monday, as the government drew up plans for budget surpluses in years to come to try to suck money from the overheating economy.
Published 09 Oct, 2007 12:00am
Vodafone's Indian unit ramps up capital spending

Vodafone's Indian unit ramps up capital spending

The Indian subsidiary of British mobile giant Vodafone has doubled its capital spending to two billion dollars as it seeks to ramp up network coverage in the world's fastest-growing cellular market.
Published 09 Oct, 2007 12:00am
THE RUPEE: three paisa gain for dollar

THE RUPEE: three paisa gain for dollar

The rupee commenced the week on a soft tone in the interbank on Monday as the rupee lost three paisa in terms of dollar for buying and selling at Rs 60.75 and Rs 60.77, dealers said.
Published 09 Oct, 2007 12:00am
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