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Print - 2007-10-31
Former chief PCB, Wapda seeks acquittal under NRO 2007

Former chief PCB, Wapda seeks acquittal under NRO 2007

An accountability court has asked the National Accountability Bureau (NAB) to submit a reply till 10 November on an application forwarded by former chairman Pakistan Cricket Board (PCB) from 1987 to 1992 and that of Water and Power Development Authority (
Published 31 Oct, 2007 12:00am
ACE foils bid to award bogus tenders

ACE foils bid to award bogus tenders

Punjab Anti-Corruption Establishment Director General Brigadier Muhammad Aslam Ghuman (Retd) has said the technical wing of the anti-corruption establishment Punjab, by intervening has foiled the attempt of awarding tenders of development projects, in adv
Published 31 Oct, 2007 12:00am
Power supply situation under control, claims Pepco

Power supply situation under control, claims Pepco

Pepco has said the current power supply situation in the country has started easing off pressure, though, there will be possible power cuts in coming days, barring load management in the peak hours, from 6pm to 10pm.
Published 31 Oct, 2007 12:00am
'Increased foreign investment reduces poverty'

'Increased foreign investment reduces poverty'

Chief Minister Punjab Chaudhry Pervaiz Elahi Tuesday said that under the leadership of General Musharraf and due to the prudent economic policies of incumbent government, local and foreign investment in the country had increased, which resulted in poverty
Published 31 Oct, 2007 12:00am
AOTS moot to help boost Pakistan's image

AOTS moot to help boost Pakistan's image

An international conference of technical experts from seven countries being arranged by the South Asian Federation of AOTS Alumni societies on November 3 and 4. The conference will not only help promote economic co-operation among these countries but will
Published 31 Oct, 2007 12:00am
Former land acquisition collector convicted

Former land acquisition collector convicted

An accountability court on Tuesday sentenced former land acquisition collector, Amjad Hussain Sandal for five years in prison on charges of fraud and fined him Rs 7 million. The court also disqualified him from being elected member parliament, holding a p
Published 31 Oct, 2007 12:00am
LCCI suggests steps to narrow current account deficit

LCCI suggests steps to narrow current account deficit

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to divert all its resources in converting the existing consumer-led growth into an export-led growth that certainly would help contain widening current account deficit.
Published 31 Oct, 2007 12:00am
Khushhali Bank awards scholarships to 22 Fata students

Khushhali Bank awards scholarships to 22 Fata students

The senior Deputy Assistant Administrator of the Asia Near East Bureau of the US Agency for International Development (USAID), Mark S Ward Monday awarded scholarships to 22 talented students from the Federally Administered Tribal Area (Fata).
Published 31 Oct, 2007 12:00am
Doctor of pharmacy result announced

Doctor of pharmacy result announced

The Punjab University examinations department has declared the result of Doctor of Pharmacy (Pharm-D), 2nd Professional, Annual Examination 2006. Only one candidate sitting for the exam passed.
Published 31 Oct, 2007 12:00am
Residential schemes: date of dues payment extended by January 31

Residential schemes: date of dues payment extended by January 31

The Punjab government has extended the date of submission of dues by allottees of plots in all the government residential schemes in the province by January 31 next year. Plots of those who would fail to deposit their dues by this date would be cancelled.
Published 31 Oct, 2007 12:00am
Samsung displays LCD TVs at UN

Samsung displays LCD TVs at UN

Samsung Electronics has installed its TVs at the head office of the United Nations, also known as the UN, the symbol of love and peace for the entire world, located in Manhattan, New York. JinGak Chung, Senior Manager at Samsung Electronics briefed, "Sams
Published 31 Oct, 2007 12:00am
Prime Minister to open Wagah Customs offices on November 10

Prime Minister to open Wagah Customs offices on November 10

Prime Minister Shaukat Aziz will inaugurate the Customs Passengers Facilitation Centre at Wagah border on November 10. According to schedule, the Prime Minister will arrive at Wahga at 11.30am where he would be briefed about the newly constructed centre.
Published 31 Oct, 2007 12:00am
PIA launches revenue management system

PIA launches revenue management system

In the past few years, most leading airlines of the world have adopted a specialised automated system called the Revenue Management System (RMS) to manage fares offered to their customers. The Pakistan International Airlines (PIA), keeping abreast of the
Published 31 Oct, 2007 12:00am
PTA chief opposes raw leather export proposal

PTA chief opposes raw leather export proposal

Pakistan Tanners Association (PTA) Chairman S. M. Naseem has opposed the proposal to ban export of raw leather or increase duty by 80 percent moved by Sialkot Chamber of Commerce and Industry (SCCI) President Shaikh Waheed Sundal.
Published 31 Oct, 2007 12:00am
Sumaira opens women crisis centre

Sumaira opens women crisis centre

Federal Minister for Women Development Sumaira Malik on Tuesday inaugurated Women Crisis Centre in Khushab costing Rs 7.495 million. While talking to Business Recorder a spokesman of the Women Development Ministry said that more crisis centres to b
Published 31 Oct, 2007 12:00am
Cheema terms Rawalpindi blast suicide attack

Cheema terms Rawalpindi blast suicide attack

The spokesman for the Interior Ministry, Brigadier Javed Iqbal Cheema (retd) has claimed that blast in Rawalpindi was a suicide attack targeting policemen, which killed at least seven people injuring other 14.
Published 31 Oct, 2007 12:00am
Argentine to set up Hepatitis vaccine plant

Argentine to set up Hepatitis vaccine plant

Argentine Ambassador Rodolfo J. Martin Saravia has told Chairman Senate Mohammadmian Soomro that his country would set up a plant near Lahore to produce vaccine for protection against Hepatitis B and C. The plant would be ready by next February 2008.
Published 31 Oct, 2007 12:00am
Pak-China ties need new direction: envoy

Pak-China ties need new direction: envoy

Expressing satisfaction at the development of bilateral relations between Pakistan and his country, Ambassador Luo Zhaohui of China has said that the two countries are good friends, good neighbours and good partners. He was speaking at a seminar titled 'P
Published 31 Oct, 2007 12:00am
357,000 bags of flour supplied

357,000 bags of flour supplied

Over 357,000 bags of 20 kilograms flour were supplied in five big cities of the province yesterday. These cities included Rawalpindi, Lahore, Gujranwala, Multan and Faisalabad said Punjab Minister for Food, Hussain Jehanian Gardezi here on Tuesday.
Published 31 Oct, 2007 12:00am
Circulation of fake currency notes on the rise in Kasur

Circulation of fake currency notes on the rise in Kasur

Circulation of fake currency notes is on the rise in Kasur and the business community and general public have urged the State Bank of Pakistan as well as the government to take immediate measures to check the situation.
Published 31 Oct, 2007 12:00am
Draftsmen, engineers demonstration for up-gradation of pay scales

Draftsmen, engineers demonstration for up-gradation of pay scales

Hundreds of Sub-engineers, draftsmen, tracers and other staff of Drawing Branch of different nation building departments on Tuesday staged a demonstration in front of Multan Press Club on the call of All Pakistan Technical Draftsmen, Sub engineers Federat
Published 31 Oct, 2007 12:00am
PIA cuts 27 percent fare on Beijing sector

PIA cuts 27 percent fare on Beijing sector

The Pakistan International Airlines (PIA) has announced a cut of 27 percent in its fare on Beijing sector. PIA Country Manager Syed Ishaq Hussain said here on Tuesday that the new reduced fare is being implemented with immediate effect.
Published 31 Oct, 2007 12:00am
WFP helps over 350,000 girl students every month

WFP helps over 350,000 girl students every month

The United Nations World Food Program (WFP) extends its help to over 350,000 girl students every month under its current country program 2005-09. The assistance to girls' primary education programme is being implemented in 3003 government-run girls primar
Published 31 Oct, 2007 12:00am
149,189 Afghan refugees return home

149,189 Afghan refugees return home

As many as 149,189 registered Afghan refugees have returned home since the UN Refugee Agency UNHCR started this year's voluntary repatriation programme. The voluntary repatriation programme of registered Afghans having Proof of Registration (PoR) Cards st
Published 31 Oct, 2007 12:00am
PTI to organise UK chapter

PTI to organise UK chapter

Pakistan Tehreek-i-Insaf Chairman, Imran Khan has appointed a four-member committee to organise the structure of the party's UK Chapter at all levels. According to a party's announcement.
Published 31 Oct, 2007 12:00am
PPP's central executive committee meeting today

PPP's central executive committee meeting today

A joint meeting of the Central Executive Committee and Federal Council of the Pakistan People's Party is being held on Wednesday (October 31). Former Prime Minister and PPP chairperson, Benazir Bhutto will chair the meeting scheduled to be held at Bilawal
Published 31 Oct, 2007 12:00am
No decision to join caretaker government: PPP

No decision to join caretaker government: PPP

Pakistan Peoples Party has so far not decided to join the caretaker cabinet. Farhatullah Babar, spokesperson of Benazir Bhutto, in a press statement issued here on Tuesday said that PPP presently was looking at ways and means to ensure free and fair elect
Published 31 Oct, 2007 12:00am
Jirga held to restore peace in Mohmand Agency

Jirga held to restore peace in Mohmand Agency

Haleemzai tribe leaders have opposed ongoing military operation and bloodshed in Mohmand Agency and called for joint efforts to restore peace to the area. They made this call at a Jirga held in Chandah area. It was attended by a large number of people, in
Published 31 Oct, 2007 12:00am
Rs 13 million approved for road project

Rs 13 million approved for road project

A sum of Rs 13 million has been approved for the construction of Noshera Virkan-Nokhar road and brick-lined water courses and drains. This was disclosed by MPA Muddasar Qayum Nahra while talking to newsmen here on Tuesday.
Published 31 Oct, 2007 12:00am
TSBL office set up in Sialkot

TSBL office set up in Sialkot

Trust Securities and Brokerage Limited (TSBL)has set up its office here in Sialkot, an export-oriented city and hub of cottage industry of the country. Speaking on the inaugural ceremony of TSBL here on Tuesday the Chief Executive Officer and Director TSB
Published 31 Oct, 2007 12:00am
Mepco employees rally against salaries' cut

Mepco employees rally against salaries' cut

Workers of Multan Electric Power Company (Mepco) Tuesday staged a rally to protest the alleged deduction in their salaries by the management of the power utility. The protest rally, which was attended by more than 500 workers of MEPCO, was led by leaders
Published 31 Oct, 2007 12:00am
Dry weather

Dry weather

The Met department has forecast dry weather over Islamabad, Punjab, NWFP and Kashmir during the next few days on Tuesday. According to Met office, dry weather is likely to prevail across the country during next few days. The weather in the earthquake-affe
Published 31 Oct, 2007 12:00am
PAIMAN donates 19 ambulances

PAIMAN donates 19 ambulances

Pakistan Initiative for Mothers and Newborns (PAIMAN), a USAID funded project, working in support of improved maternal and new-born health, on Tuesday donated 19 purpose-build ambulances worth Rs 45 million for maternal health care.
Published 31 Oct, 2007 12:00am
Violence mars anti-polio drive in Swat

Violence mars anti-polio drive in Swat

Efforts to immunise 350,000 children against polio in Swat Valley have been put on hold due to ongoing violence in the area. "Yes, it's confirmed. It's postponed," Dr Javed Iqbal, national polio campaign co-ordinator for the World Health Organisation (WHO
Published 31 Oct, 2007 12:00am
30,000 children get anti-polio drops in Islamabad

30,000 children get anti-polio drops in Islamabad

More than 30,000 children were administered anti-polio drops in the rural areas of the Federal Capital on the first day of three-day campaign, said the Deputy District Health Officer Dr Amir Zada on Tuesday.
Published 31 Oct, 2007 12:00am
NAB placed 32 politicians on ECL in 2006

NAB placed 32 politicians on ECL in 2006

In all 286 government servants and 32 politicians have been placed at the Exit Control List (ECL) by National Accountability Bureau (NAB) through Ministry of Interior till last year, the official sources said. NAB placed 184 accused persons on ECL through
Published 31 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (October 30, 2007) and the forecast for Wednesday (October 31, 2007).
Published 31 Oct, 2007 12:00am
District government launches extensive plan for agriculture sector

District government launches extensive plan for agriculture sector

The Sialkot district government has initiated a comprehensive plan for improving the agriculture sector on modern and scientific grounds which can help attain maximum output of crops in Sialkot, Daska, Pasrur and Sambrial tehsils of the district, official
Published 31 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 31 Oct, 2007 12:00am
Work on Korangi power plant in full swing

Work on Korangi power plant in full swing

The 97th annual general meeting (AGM) of KESC presided over by the Chief Executive Officer, S.M. Amjad was held at Fleet Club on Tuesday. Member of the Board of Directors Akhtar Zaidi, Chief Financial Officer, Muhammad Asghar, Company Secretary Ms Uzma Am
Published 31 Oct, 2007 12:00am
22 listed banks profit surge to Rs 52.9 billion

22 listed banks profit surge to Rs 52.9 billion

The combined profit of 22 listed commercial banks has surged to Rs 52.9 billion in the nine month period ended on September 30 with a double digit growth of 15 percent over the corresponding period last year. The banking sector profitability growth was re
Published 31 Oct, 2007 12:00am
PSO to sponsor fourth CNG conference

PSO to sponsor fourth CNG conference

Pakistan State Oil (PSO) will sponsor the fourth international conference and exhibition (Conex) on CNG to be held at Expo Centre here on November 10-11 under the aegis of National Forum of Environment and Health (NFEH). It is hoped that the event would b
Published 31 Oct, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
Lack of management, corruption cause unemployment

Lack of management, corruption cause unemployment

Lack of management and embezzlement of development funds allocated for vocational training has led to an abrupt increased in unemployment across the country, which has shot to 33 percent of the whole population of the country.
Published 31 Oct, 2007 12:00am
Nishat Mills profit increases to Rs 483.369 million

Nishat Mills profit increases to Rs 483.369 million

The profit after tax of Nishat Mills Limited has increased to Rs 483.369 million in the quarter ended on September 30 as compared to Rs 425.704 million in the same period last year. The board of directors of the company in its meeting held on Monday decla
Published 31 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
Nishat Mills profit increases to Rs 483.369 million

Nishat Mills profit increases to Rs 483.369 million

The profit after tax of Nishat Mills Limited has increased to Rs 483.369 million in the quarter ended on September 30 as compared to Rs 425.704 million in the same period last year. The board of directors of the company in its meeting held on Monday decla
Published 31 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
Arif Habib Securities earn Rs 2.1 billion profit

Arif Habib Securities earn Rs 2.1 billion profit

Arif Habib Securities Limited has posted Rs 2.1 billion as profit after tax in the quarter ended on September 30 as compared to Rs 1.506 billion in the corresponding period last year. The board of directors of the company, in its meeting held here on Tues
Published 31 Oct, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
Arif Habib Securities earn Rs 2.1 billion profit

Arif Habib Securities earn Rs 2.1 billion profit

Arif Habib Securities Limited has posted Rs 2.1 billion as profit after tax in the quarter ended on September 30 as compared to Rs 1.506 billion in the corresponding period last year. The board of directors of the company, in its meeting held here on Tues
Published 31 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 Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
JS Investments raises Rs 1.36 billion in CPF III

JS Investments raises Rs 1.36 billion in CPF III

JS Investments Limited (formerly JS Abamco Limited) has successfully raised Rs 1.36 billion in recently launched JS Capital Protected Fund III (CPF III). The IPO of CPF III was held on September 20-21 and the Fund is now closed for new subscriptions.
Published 31 Oct, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
JS Investments raises Rs 1.36 billion in CPF III

JS Investments raises Rs 1.36 billion in CPF III

JS Investments Limited (formerly JS Abamco Limited) has successfully raised Rs 1.36 billion in recently launched JS Capital Protected Fund III (CPF III). The IPO of CPF III was held on September 20-21 and the Fund is now closed for new subscriptions.
Published 31 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
Adnan Afridi takes over as KSE managing director on November 1

Adnan Afridi takes over as KSE managing director on November 1

Karachi Stock Exchange (KSE), the country's leading share market, will have its new managing director after a six month when the newly appointed Managing Director Adnan Afridi will take charge of his office on Thursday (tomorrow).
Published 31 Oct, 2007 12:00am
THE RUPEE: currency values almost unchanged

THE RUPEE: currency values almost unchanged

The rupee moved slightly against dollar and euro in the open and interbank markets on Tuesday, dealers said. In the open market, the rupee firmly held its overnight levels against dollar for buying and selling at Rs 60.70 and Rs 60.75 due to easy supply o
Published 31 Oct, 2007 12:00am
Date extended

Date extended

The University of Sindh has extended date up to October 31, 2007 for submission of admissions forms for admissions to Bachelors and Masters Degree programme for the academic session 2008. The admission forms are available at Habib Bank Limited, Sindh Univ
Published 31 Oct, 2007 12:00am
THE RUPEE: currency values almost unchanged

THE RUPEE: currency values almost unchanged

The rupee moved slightly against dollar and euro in the open and interbank markets on Tuesday, dealers said. In the open market, the rupee firmly held its overnight levels against dollar for buying and selling at Rs 60.70 and Rs 60.75 due to easy supply o
Published 31 Oct, 2007 12:00am
JS Investments celebrating UTP performance

JS Investments celebrating UTP performance

JS Investments is celebrating a decade of outstanding performance of Unit Trust of Pakistan (UTP) which is the oldest private sector open-end mutual fund in the country, according to a Press Release.
Published 31 Oct, 2007 12:00am
JS Investments celebrating UTP performance

JS Investments celebrating UTP performance

JS Investments is celebrating a decade of outstanding performance of Unit Trust of Pakistan (UTP) which is the oldest private sector open-end mutual fund in the country, according to a Press Release.
Published 31 Oct, 2007 12:00am
HBFC launches customer care contact centre

HBFC launches customer care contact centre

The need for properly managing customer support has now become a point of major concern for many industries. Financial, Telecom, Courier, Utility and Insurance are some of the sectors that have developed proper contact centres to provide one window servic
Published 31 Oct, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (October 30, 2007).

Published 31 Oct, 2007 12:00am
RoK trade team due on November 4

RoK trade team due on November 4

A trade delegation from the Republic of Korea (RoK) comprising government officials and business representatives is arriving here on November 4 on a two-day visit. Hwang Chulgon, Mayor of Masan city and head of delegation would meet City Nazim Mustafa Kam
Published 31 Oct, 2007 12:00am
French opera performance

French opera performance

Pierre Seillan, consul general of France in Karachi is organising a series of charity opera performances on November 1st, 2nd and 3rd to generate aids for Al-Mehrab Tibbi Imdad's (AMTI) hospice for terminally ill cancer patient.
Published 31 Oct, 2007 12:00am
Sahara receives 900,000 doses of life-saving drugs

Sahara receives 900,000 doses of life-saving drugs

Sahara for Life Trust has received over 900,000 doses of various life-saving drugs worth over Rs 3.1 million to treat infants at the Trust's Sughra Shafi Medical Complex. This has been enabled through the Pampers-Sahara Help Save Lives Initiative.
Published 31 Oct, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Oct, 2007 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 31 Oct, 2007 12:00am
IBP exams from November 12

IBP exams from November 12

The Institute of Bankers Pakistan (IBP) is gearing up to hold ISP Superior Qualification (ISQ) examination (Winter-2007) at 21 domestic and 3 international centres in London, The Hague and Abu Dhabi wef November 12, 2007. Over 3,300 candidates will appear
Published 31 Oct, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Oct, 2007 12:00am
Qaseeda Burdah Shareef's pocket book edition launched

Qaseeda Burdah Shareef's pocket book edition launched

Pakistan Academy of Letters (PAL) has published a pocket book edition of Qaseeda Burdah Shareef, collection of Arabic poems praising the holy Prophet Hazrat Muhammad (PBUH). The collected poetry has now acquired fame as a book of prayer, and according to
Published 31 Oct, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 Oct, 2007 12:00am
ACCA graduation ceremony next week

ACCA graduation ceremony next week

Association of Chartered Certified Accountants (ACCA) will hold its graduation ceremony in Lahore, Islamabad and Karachi from next week. The ceremony in Islamabad will be held on November 1, where a total of 59 students will graduate apart from those 9 st
Published 31 Oct, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (October 10, 2007).

Published 31 Oct, 2007 12:00am
UBL Fund Managers announces first quarter results

UBL Fund Managers announces first quarter results

UBL Fund Managers which is the largest asset management company operating in private sector open-end funds, has announced the financial results for the first quarter ended September 30, 2007. With Assets under Management (AUM) of over Rs 32 billion, UBL F
Published 31 Oct, 2007 12:00am
UBL Fund Managers announces first quarter results

UBL Fund Managers announces first quarter results

UBL Fund Managers which is the largest asset management company operating in private sector open-end funds, has announced the financial results for the first quarter ended September 30, 2007. With Assets under Management (AUM) of over Rs 32 billion, UBL F
Published 31 Oct, 2007 12:00am
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