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Print - 2007-11-29
LHCBA members' hunger strike continues

LHCBA members' hunger strike continues

The hunger strike camp of the Lahore High Court Bar Association (LHCBA) continued for the second day on Wednesday and a number of senior bar members joined the camp. While addressing the bar members at the camp, secretary bar Sarfraz Cheema said lawyers w
Published 29 Nov, 2007 12:00am
Great economic progress achieved in Musharraf's tenure: Maqbool

Great economic progress achieved in Musharraf's tenure: Maqbool

The Governor of Punjab Khalid Maqbool has said that tremendous development and economic progress was made in the tenure of Pervez Musharraf. Talking to newsmen here on Wednesday, Khalid said Musharraf in his capacity as Chief of Army Staff made Pakistan A
Published 29 Nov, 2007 12:00am
Generals ruled country for half its existence

Generals ruled country for half its existence

President Pervez Musharraf's resignation as army chief on Wednesday brings to an end the fourth period of military rule in Pakistan's chequered 60-year history. Since the army first grabbed power, a decade after the South Asian country gained independence
Published 29 Nov, 2007 12:00am
Anti-terror record patchy at best: analysts

Anti-terror record patchy at best: analysts

With Osama bin Laden still at large and the Taliban roaming across Pakistan and Afghanistan, analysts say President Pervez Musharraf's anti-terror record as he quits the army is patchy at best.
Published 29 Nov, 2007 12:00am
Jamaat-i-Islami threatens to boycott polls

Jamaat-i-Islami threatens to boycott polls

Jamaat-i-Islami Pakistan wile declaring that forthcoming general elections if held without restoring pre November 3 position would be merely a farce and drama, has threatened to boycott them.
Published 29 Nov, 2007 12:00am
OPIC plans to further expand financing programme

OPIC plans to further expand financing programme

Overseas Private Investment Corporation (OPIC), a US government agency, has decided to further expand its presence in Pakistan and other South Asian economies. OPIC plans a vigorous financing programme for the private sector where US based companies could
Published 29 Nov, 2007 12:00am
PIA introduces new flight checker system service

PIA introduces new flight checker system service

Pakistan International Airlines (PIA) has, for the convenience of its air passengers, introduced Flight Checker System Service. The service is accessible via PIA website: www.piac.com.pk providing access to passengers/air travellers, their friends and fam
Published 29 Nov, 2007 12:00am
Ogra to launch drive against sub-standard LPG cylinders

Ogra to launch drive against sub-standard LPG cylinders

The Oil and Gas Regulatory Authority (OGRA) will launch drive against sub-standard LPG cylinders and grant licenses to only those manufacturers who comply with safety standard. This was stated by Chairman LPG Distributor Association, Irfan Khokhar at a br
Published 29 Nov, 2007 12:00am
Mehfil-e-qir'at

Mehfil-e-qir'at

A mehfil-e-husn-e-qir'at will be held under the joint aegis of Khwaja Farid Sangat, Pakistan and Dr Murtaza Educational Trust at Hamdard Centre, Lytton Road here on Thursday. The mehfil, to commence after Maghrib prayers, will be presided over by Qari Ahm
Published 29 Nov, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (November 28, 2007) and the forecast for Thursday (November 29, 2007).
Published 29 Nov, 2007 12:00am
Hajj Operation to complete by December 6

Hajj Operation to complete by December 6

Hajj Operation will be completed by December 6 at Darul Hajjaj. About three thousand intending pilgrims have left for Saudi Arabia from Faisalabad. This was stated by Hajj Committee Member Ahsaan Shahid.
Published 29 Nov, 2007 12:00am
New York cotton

New York cotton

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

Published 29 Nov, 2007 12:00am
TIP's recommendations to combat corruption

TIP's recommendations to combat corruption

Transparency International Pakistan (TIP) has asked all political parties to include its recommendations in their manifestoes to combat corruption. In a release on Wednesday, TIP in its recommendations said that there should be no discretion in any admini
Published 29 Nov, 2007 12:00am
New York cotton

New York cotton

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

Published 29 Nov, 2007 12:00am
AKF-ECHO sign disaster risk reduction plan in Northern Areas

AKF-ECHO sign disaster risk reduction plan in Northern Areas

An agreement has been signed between the Aga Khan Foundation UK (AKF UK) and Director General of the European Commission for Humanitarian Aid (DG ECHO) through its Disaster Preparedness Programme (DIPECHO) to implement a project entitled "building local l
Published 29 Nov, 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 29 Nov, 2007 12:00am
Pakistan welcomes peace conference on Middle East

Pakistan welcomes peace conference on Middle East

Pakistan on Wednesday appreciating the efforts of United States to hold Middle East Peace Conference said that it is positive development and expressed the hope that it will work towards reaching an early agreement on a just resolution of the Palestine is
Published 29 Nov, 2007 12:00am
Class XI result

Class XI result

The Controller of Examinations, Board of Intermediate and Secondary Education Hyderabad has informed that the result of HSC Part I (Class XI) Annual Examination 2007 Science General, Pre-Engineering and Pre-Medical Groups will be announced on Thursday Nov
Published 29 Nov, 2007 12:00am
KUJ demands end to curbs on media

KUJ demands end to curbs on media

Speakers at a protest meeting of the KUJ Dawn Unit here Tuesday evening demanded immediate withdrawal of the PCO, ending curbs on media, restoration of all news channels, and implementation of the 7th wage award.
Published 29 Nov, 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, November 29, 2007.

Published 29 Nov, 2007 12:00am
CEC asked to get political leaders released

CEC asked to get political leaders released

Dr Tariq Hassan, attorney and advocate, has in a petition, urged the Chief Election Commissioner to exercise his powers under the law to get all political detainees released to ensure free and fair election, whatever may be the possibility of that miracle
Published 29 Nov, 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, November 29, 2007.

Published 29 Nov, 2007 12:00am
LHC announces annual general holidays

LHC announces annual general holidays

The Chief Justice Lahore High Court (LHC) on Wednesday announced annual general holidays for the year 2008 to be observed by the LHC, its benches at Bahawalpur, Multan and Rawalpindi and civil and sessions courts.
Published 29 Nov, 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, November 29, 2007.

Published 29 Nov, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
PML-N CEC authorises Nawaz to take decision about polls

PML-N CEC authorises Nawaz to take decision about polls

The Central Working Committee (CEC) of Pakistan Muslim League-Nawaz on Wednesday authorised party leader Nawaz Sharif to take final decision with regard to boycotting the January 8, 2008 elections. The meeting was held under the chairmanship of Nawaz Shar
Published 29 Nov, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (November 28, 2007) and for Wednesday (Thursday 29, 2007).
Published 29 Nov, 2007 12:00am
It's our 'strategic success': PPP

It's our 'strategic success': PPP

Pakistan People's Party strongly believes in politics of masses and would take part in the upcoming elections to bring change through public mandate.
Published 29 Nov, 2007 12:00am
Benazir welcomes resignation

Benazir welcomes resignation

Pakistan People Party chairperson, Benazir Bhutto, on Wednesday welcomed President Pervez Musharraf's resignation from the army but said she was in no hurry to accept him as a civilian leader. "We welcome President Pervez Musharraf taking off his uniform
Published 29 Nov, 2007 12:00am
Patwari arrested

Patwari arrested

Anti-Corruption Establishment (ACE) Punjab has arrested a Patwari, posted at Khanewal, for taking bribe from a local farmer to issue 'Fard' of his agriculture land and sent him to jail on judicial remand.
Published 29 Nov, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Kenyan diplomats visit Guard Group factory

Kenyan diplomats visit Guard Group factory

High Commission of Kenya, H.E Mishi Mwatsahu and Commercial Attaché of Kenya has visited Pakistan's premium institution "Guard Agricultural Research & Services Private Limited" and Guard Rice Factory Lahore.
Published 29 Nov, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
B Com Part-I&II supplementary exam

B Com Part-I&II supplementary exam

Punjab University B.Com Part-I and Part-II, Supplementary Examination 2007 will be held in the third week of December 2007. Examination department has started arrangements for the conduct of exam.
Published 29 Nov, 2007 12:00am
NIT Unit Prices

NIT Unit Prices

The sale and repurchase prices of NIT (Unit) on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
OMV may invest $80 million on gas field

OMV may invest $80 million on gas field

The OMV Petroleum, an Austrian petroleum company, which has recently discovered gas at Latif and Gambit blocks in Sindh, will make an investment of $80 million on the development of gas field, says a press release. This was stated by OMV Petroleum General
Published 29 Nov, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Earth breaking for marble cities in NWFP, Fata soon

Earth breaking for marble cities in NWFP, Fata soon

The NWFP Governor, Lieutenant General Ali Muhammad Jan Aurakzai (Retd), has stressed the need for giving due importance to the promotion of education and research in the field of engineering, especially in the mining sector and said that both the province
Published 29 Nov, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Emergency rule to end 'very soon': Attorney General

Emergency rule to end 'very soon': Attorney General

Government will lift emergency rule "very soon" with President Pervez Musharraf keen to withdraw the measure before January elections, officials said on Wednesday. "I cannot give any exact date and time about lifting the emergency but I can say now that i
Published 29 Nov, 2007 12:00am
Sarhad CCI goes to poll today

Sarhad CCI goes to poll today

Elections for four vacant seats on the executive committee of Sarhad Chamber of Commerce and Industry (SCCI) is being held on Thursday at Chamber House. The polling would start from 8:00 A.M and would continue till 3:30 PM.
Published 29 Nov, 2007 12:00am
THE RUPEE: dollar down on intervention in interbank deals

THE RUPEE: dollar down on intervention in interbank deals

On the back of intervention by the State Bank of Pakistan, the rupee somehow got rid of the prevailing weakness in the interbank market on Wednesday. The rupee gained 19 paisa for buying and selling at Rs 61.08 and Rs 61.10, against dollar the historical
Published 29 Nov, 2007 12:00am
Power to be transferred to elected government: minister

Power to be transferred to elected government: minister

Caretaker Minister for Justice and Parliamentary Affairs Syed Afzal Haidar has reaffirmed government's resolve to transfer power to an elected government after free, fair and transparent elections. Talking to Australian envoy, who called on him on Wednesd
Published 29 Nov, 2007 12:00am
THE RUPEE: dollar down on intervention in interbank deals

THE RUPEE: dollar down on intervention in interbank deals

On the back of intervention by the State Bank of Pakistan, the rupee somehow got rid of the prevailing weakness in the interbank market on Wednesday. The rupee gained 19 paisa for buying and selling at Rs 61.08 and Rs 61.10, against dollar the historical
Published 29 Nov, 2007 12:00am
'Change of command to strengthen institutions'

'Change of command to strengthen institutions'

Minister for Information and Broadcasting Nisar A. Memon has said that smooth transition of command of Pakistan Army would further strengthen the country and the institutions.
Published 29 Nov, 2007 12:00am
All political parties should participate in polls: Amjad

All political parties should participate in polls: Amjad

The caretaker Minister for Inter-Provincial Co-ordination Dr Mohammad Amjad has said that all the political parties should participate in the upcoming elections. "The country is passing through a critical juncture and those talking about boycott of the po
Published 29 Nov, 2007 12:00am
Emergency to be lifted before polls: Shujaat

Emergency to be lifted before polls: Shujaat

Today is very important day in Pakistan's history as President Musharraf has doffed his uniform and as a civilian president he will be acceptable to everyone and would remain a symbol of the federation, said Chaudhry Shujaat Hussain, former Prime Minister
Published 29 Nov, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Will (Mr) Musharraf be a powerful president?

Will (Mr) Musharraf be a powerful president?

The relinquishing of the most powerful post of army chief by President Pervez Musharraf has raised the question whether he will be able to become a powerful president - that looks to be his wish after leaving his power base.
Published 29 Nov, 2007 12:00am
President to address nation today

President to address nation today

President Pervez Musharraf will address the nation on TV and radio at 8 pm today (November 29) This will be his first address to the nation after taking oath as President on his re-election for second term.
Published 29 Nov, 2007 12:00am
President to address nation today

President to address nation today

President Pervez Musharraf will address the nation on TV and radio at 8 pm today (November 29) This will be his first address to the nation after taking oath as President on his re-election for second term.
Published 29 Nov, 2007 12:00am
Globalisation needs universal approval: AIOU

Globalisation needs universal approval: AIOU

Globalisation is the buzz word of the post-modern world needs to be gilded with the wisdom of the east to gain universal approval, particularly in Third World countries, said Professor Syed Siraj, chairman, Mass Communication Department of Allama Iqbal Op
Published 29 Nov, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Nov, 2007 12:00am
Recommendations for promotion of higher education approved

Recommendations for promotion of higher education approved

A 3rd two-day meeting of the Vice Chancellors' Committee on Wednesday approved various recommendations for promotion of higher education in the country. The meeting recommended to adopt strict implementation of the plagiarism policy notified by the Higher
Published 29 Nov, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Nov, 2007 12:00am
HEC adopts monitoring system to utilise funds properly

HEC adopts monitoring system to utilise funds properly

The Higher Education Commission (HEC) has adopted a well-organised monitoring system to appropriately utilise development funds earmarked for ongoing projects. This was stated by Professor Dr Sohail Naqvi, Executive Director, HEC, while addressing the ses
Published 29 Nov, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Nov, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (November 28, 2007).

Published 29 Nov, 2007 12:00am
Pakistan and US enjoy deep strategic ties: Soomro

Pakistan and US enjoy deep strategic ties: Soomro

Caretaker Prime Minister Muhammadmian Soomro on Wednesday said Pakistan and United States enjoy a strategic relationship devoted to promoting peace, security and co-operation. The United States is one of Pakistan's most important trade and development par
Published 29 Nov, 2007 12:00am
Turkish President due on December 2

Turkish President due on December 2

Newly elected Turkish President Abdullah Gul will visit Pakistan on December 2, the Foreign Ministry said on Wednesday. Gul will hold talks with President Pervez Musharraf during the state visit on Sunday and Monday, Foreign Office spokesman Mohammad Sadi
Published 29 Nov, 2007 12:00am
'Musharraf's decision positive step'

'Musharraf's decision positive step'

High Commissioner of Canada to Pakistan David B. Colling has said that putting off uniform by President General Musharraf is a positive step which will step forward the national reconciliation process in Pakistan.
Published 29 Nov, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Nov, 2007 12:00am
Seven more flour mills closed

Seven more flour mills closed

The Punjab Food Department on its continued inspection operation against irregularities of flour mills has closed Alkram and Syed Flour Mills in Rahimyar Khan, Chaudhry Flour Mills and Thotha Flour Mills in Bahawalpur, Faran Flour Mills in Laiya, Rehmat F
Published 29 Nov, 2007 12:00am
'Farmers' participation in water management decreased theft'

'Farmers' participation in water management decreased theft'

Punjab Minister for Irrigation, Dilavar Abbass has said the participation of farmers in irrigation management has resulted in marked decrease in water theft cases. He was talking to the representative of farmers' organisations (Fos) of Upper Gugera Canal
Published 29 Nov, 2007 12:00am
Housing industry: Phata urged to follow modern methods

Housing industry: Phata urged to follow modern methods

Punjab Housing, Urban Development and Public Health Engineering Minister Mian Shafqat Ali has said that construction cost can be decreased by following modern technology; in future, government housing colonies ought to follow the new construction methods.
Published 29 Nov, 2007 12:00am
Mian M Riaz joins Haji Basheer group

Mian M Riaz joins Haji Basheer group

Mian Mohammad Riaz, candidate for the Vice Chairman of Lahore division of Pakistan Flour Mills Association for the year 2007-2008, has announced to join the group of Haji Basheer, a founder member of Pakistan Flour Mills Association, parting his ways with
Published 29 Nov, 2007 12:00am
Wheat smuggling may surpass 2.1 million tons figure

Wheat smuggling may surpass 2.1 million tons figure

The wheat smuggling into Afghanistan is likely to surpass 2.1 million tons figure during this year. Addressing a press conference, Chairman of Pakistan Flour Mills Association-Sindh Circle Choudhry Anser Javed said although about 700, 000 tons wheat flour
Published 29 Nov, 2007 12:00am
Irsa may supply more water to KWSB

Irsa may supply more water to KWSB

The Indus River System Authority (Irsa) is likely to supply 1200 cusecs additional water to Karachi Water and Sewerage Board (KWSB) for 150 mgd K-IV water project shortly, it is learnt.
Published 29 Nov, 2007 12:00am
Work on $200 million IT Tower to start soon, says Kamal

Work on $200 million IT Tower to start soon, says Kamal

City Nazim Mustafa Kamal on Wednesday said the construction work of 47-storey IT Tower in the vicinity of Civic Center at a cost of $200 million would start within few weeks. Around 40,000 youth would get employment in the IT Tower.
Published 29 Nov, 2007 12:00am
Cop among two shot dead

Cop among two shot dead

A cop was shot dead by unknown person in Mominabad, Orangi town in the wee hours on Wednesday. Police officials told Business Recorder that Muhammad Khalid was shot dead on his way back to home after duty. The deceased left behind his wife and thre
Published 29 Nov, 2007 12:00am
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