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Print - 2007-12-15
Karachiites suffer prolonged load-shedding

Karachiites suffer prolonged load-shedding

The Karachiites on Friday once again witnessed prolonged load-shedding due to the closure of KESC's two power generating units at Bin Qasim Power Plant for annual maintenance.
Published 15 Dec, 2007 12:00am
Scope of towel industry

Scope of towel industry

The scope of textile particularly terry towels in the world market is very bright as Pakistan is the 4th largest cotton producer and we are producing about 14% of the total cotton grown all over the world. We have infrastructure, know-how, and good labour
Published 15 Dec, 2007 12:00am
PSO assigned 'AAA' and 'A1+' ratings

PSO assigned 'AAA' and 'A1+' ratings

The Pakistan Credit Rating Agency (Pacra) has assigned long-term and short-term entity ratings of "AAA" (Triple A) and "A1+ (A One Plus) respectively to Pakistan State Oil - the largest oil marketing company of Pakistan.
Published 15 Dec, 2007 12:00am
The basic principles of Islamic banking and finance

The basic principles of Islamic banking and finance

Riba has always been an important issue for Muslims of all eras. The reason for this is the severe warnings given in the Qura'n against this institution. There is no disagreement on the unlawfulness of any transaction that involves riba.
Published 15 Dec, 2007 12:00am
PML-N announces candidates for Larkana

PML-N announces candidates for Larkana

Pakistan Muslim League - Nawaz (PML-N) participating in upcoming general polls-2008 to be held on January 08, 2008 has announced its candidates for different constituencies including Larkana. This was stated by president PML-N Larkana district Baboo Sarfr
Published 15 Dec, 2007 12:00am
Getz Pharma - history and introduction

Getz Pharma - history and introduction

Getz Pharma (Pvt) Limited is sixth largest pharmaceutical company in Pakistan with an annual turnover of Rs 3.8 billion. Getz Pharma has become the youngest company to earn the distinction of winning the export trophy in pharmaceuticals in 2
Published 15 Dec, 2007 12:00am
'Free media must to keep check on three pillars'

'Free media must to keep check on three pillars'

Senior leader of Pakistan Muslim League-Nawaz (PML-N), Makhdoom Javed Hashmi, has said that free, independent and a powerful media was imperative for nations to keep check on other three pillars of state and pinpoint the misdeeds of rulers and government'
Published 15 Dec, 2007 12:00am
Brief history of Leather Field (Pvt) Limited

Brief history of Leather Field (Pvt) Limited

Leather Field (Pvt) Ltd has emerged as the largest leather garments producing company from Pakistan. Shortly after its inception it secured the very first prestigious award from the country's renowned platform, ie Federation of Pakistan Chamber of Commerc
Published 15 Dec, 2007 12:00am
Halepota reiterates to hold fair and free polls in Sindh

Halepota reiterates to hold fair and free polls in Sindh

Caretaker Sindh Chief Minister former justice Abdul Qadir Halepota has reiterated his commitment to holding fair, free and transparent elections in the province. Halepota was speaking at a reception hosted by Senator Mohammed Amin Dadabhoy in his honour o
Published 15 Dec, 2007 12:00am
PPP seeks proper security for Benazir

PPP seeks proper security for Benazir

Pakistan People's Party (PPP) has asked the interior ministry to provide proper security to party chairperson Benazir Bhutto and her security advisor, Rahman Malik, following the intelligence report that suicide bombers might attack them.
Published 15 Dec, 2007 12:00am
Action under RSO to deprive FBR employees from double pay package

Action under RSO to deprive FBR employees from double pay package

The Federal Board of Revenue (FBR) has decided to withdraw double pay packages of employees, who have to face disciplinary proceedings under Removal from Services Ordinance, (RSO). Sources told Business Recorder on Friday that the board has amended
Published 15 Dec, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 15 Dec, 2007 12:00am
China to set up industries in proposed garment cities

China to set up industries in proposed garment cities

China has agreed to set up industries in proposed garment cities in Faisalabad, Lahore and Karachi following an offer by Pakistan under Free Trade Agreement, sources told Business Recorder, here on Friday.
Published 15 Dec, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 15 Dec, 2007 12:00am
Reception for Jan Vandemoortele

Reception for Jan Vandemoortele

Erra Chairman, Altaf Muhammad Saleem lauding the services of UNDP Resident Co-ordinator Jan Vandemoortele in the reconstruction and rehabilitation work said that it was his continued support that helped Erra in achieving difficult goals within a short spa
Published 15 Dec, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
BoI to take up corporate tax rate issue with CCoI

BoI to take up corporate tax rate issue with CCoI

The Board of Investment has finalised a plan in collaboration with Federal Board of Revenue to take the issue of corporate tax rate to the Cabinet Committee on Investment (CCoI). This was stated by Investment Division Secretary Mushtaq Malik at a meeting
Published 15 Dec, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
EU market offers better business opportunities: Germany envoy

EU market offers better business opportunities: Germany envoy

German Ambassador Dr Gunter Mulack on Friday said European Union (EU) is the largest market, even bigger than the United States of America, with 8.5 trillion Euro GDP and offers better opportunities to do business to all its trading partners even outside
Published 15 Dec, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
More exhibitors' participation urged in China fairs

More exhibitors' participation urged in China fairs

Lauding Trade Development Authority of Pakistan (TDAP) for according approval to 50 Pakistani exhibitors to showcase their products in the upcoming South Asian Countries Commodities Fair here.
Published 15 Dec, 2007 12:00am
Automobile sector FPCCI making efforts to get maximum facilities

Automobile sector FPCCI making efforts to get maximum facilities

The former president FPCCI and co-chairman Businessmen Panel, Iftikhar Ali Malik has said that traders and industrialists were doing utmost efforts to achieve maximum economic benefit for Pakistan and they should be provided conducive atmosphere to carryo
Published 15 Dec, 2007 12:00am
Use of prohibited nets Stoppage of offshore inspection ordered

Use of prohibited nets Stoppage of offshore inspection ordered

Sindh Fisheries Department has issued an order for stopping offshore inspection against the use of prohibited fishing nets by fishing boats. However, the drive against prohibited nets will continue near shore and in creeks.
Published 15 Dec, 2007 12:00am
'ECP told about unauthorised transfers, postings'

'ECP told about unauthorised transfers, postings'

Pakistan Peoples Party (PPP), has informed the Election Commission of Pakistan and Sindh about unauthorised transfer/postings in the country, said PPP Secretary Information, Sherry Rehman. Addressing a press conference at Karachi Press club, she welcomed
Published 15 Dec, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
PPP public meeting on December 30

PPP public meeting on December 30

The Chairperson, Pakistan Peoples Party (PPP), Benazir Bhutto will address a public meeting in Karachi in connection with PPP campaign for the General Election-2008. According to PPP Media Cell at Bilawal House, a public meeting is scheduled to be held in
Published 15 Dec, 2007 12:00am
PPP-S workers join PPP in Mardan

PPP-S workers join PPP in Mardan

Pakistan Peoples Party (PPP) on Friday claimed that large number of workers of Pakistan Peoples Party-Sherpao (PPP-S) have joined the PPP in PF-27 Mardan-V constituency says a press release.
Published 15 Dec, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
Parties urged to take part in polls

Parties urged to take part in polls

Caretaker Chief Minister of Balochistan Sardar Saleh Muhammad Bhutani called upon political parties to participate in the upcoming elections. Talking to PTV, he said Balochistan caretaker government wanted that parties should not stay away from elections.
Published 15 Dec, 2007 12:00am
'Elections to add new chapter to country's history'

'Elections to add new chapter to country's history'

Former Sindh Health Minister Syed Sardar Ahmed has said that January 8 elections would add a new chapter to the history of Pakistan and the sun of Haq Parast movement will rise with all shine. Addressing corner meetings, Sardar Ahmed, who is contesting el
Published 15 Dec, 2007 12:00am
APDM terms elections a farce, refuses to accept next government

APDM terms elections a farce, refuses to accept next government

Convenor of All Pakistan Democratic Movement (APDM), Mahmood Khan Achakzai Friday termed the January 8 polls as unconstitutional saying the movement will not accept the government constituted after the election. Speaking at Meet the Press Programme of Pes
Published 15 Dec, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
Qazi to remain MMA president: Sajid Naqvi

Qazi to remain MMA president: Sajid Naqvi

Vice President of Muttahida Majlis-i-Amal Allama Sajid Naqvi has said that Qazi Hussain Ahmad will continue to be MMA President despite the differences among the alliance components over the poll boycott issue.
Published 15 Dec, 2007 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
US team meets JUP leaders

US team meets JUP leaders

A delegation of Democracy International USA led by Galen Cowen held a meeting with the leaders of Jamiat Ulema-e-Pakistan (JUP) and discussed the issues relating to forthcoming elections. Senior vice president JUP Sahebzada Dr Abul Khair, Muhammad Zubair,
Published 15 Dec, 2007 12:00am
MMA in disarray before elections

MMA in disarray before elections

Muttahida Majlis-e-Amal rode a wave of anti-US feeling to stunning election success five years ago, but plagued by division, it has lost support and looks set to suffer in a January vote. The six-party alliance capitalised on anger over the 2001 US invasi
Published 15 Dec, 2007 12:00am
EC to provide CDs of voters list

EC to provide CDs of voters list

The Election Commission (EC) on Friday said that political parties will be provided with CDs of new voters list in a week but it could not be altered as the election schedule has already been announced.
Published 15 Dec, 2007 12:00am
Withdrawal of candidature today

Withdrawal of candidature today

As Election Day nears, candidates not aspiring to contest polls would be withdrawing their candidature on Saturday. More than 13,000 candidates filed their nomination papers during November 20-26 for the National Assembly and Provincial Assemblies, the fi
Published 15 Dec, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
January vote already rigged: UN rights envoy

January vote already rigged: UN rights envoy

A UN human rights envoy on Thursday told US lawmakers not to send any delegation to monitor the upcoming election in Pakistan, claiming that it was already rigged by President Pervez Musharraf.
Published 15 Dec, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
JUI-S announces boycott of January elections

JUI-S announces boycott of January elections

Jamiat Ulama-e-Islam (JUI) Samiul Haq Group has announced to boycott next month's parliamentary polls, further undermining the credibility of elections under beleaguered President Pervez Musharraf. Samiul Haq, who is currently a member of the Senate, told
Published 15 Dec, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
Jamaat-e-Islami candidates withdraw papers

Jamaat-e-Islami candidates withdraw papers

As many as 17 candidates of Jamaat-e-Islami (JI) here, in line with the party's decision to boycott the general elections, withdrew their nomination papers on Friday. Those who withdrew their papers include: Hameed Uddin Awan from NA-95 and NA-96, Shabir
Published 15 Dec, 2007 12:00am
Parties slam Election Commission

Parties slam Election Commission

Representatives of major political parties on Friday have criticised the Election Commission of Pakistan (ECP) for failing to provide them with accurate information showed great dissatisfaction over incompetent complaint monitoring and resolution system.
Published 15 Dec, 2007 12:00am
'PML-F to defeat opponents'

'PML-F to defeat opponents'

Candidate of PML-F for NA-221 Qasimabad, Dr Shah Faisal Sanjrani said that his party will defeat the opponents with heavy margin. He was addressing a corner meeting held here at Qasimabad Phase-I on Friday. He said that PML-F under the leadership of Pir P
Published 15 Dec, 2007 12:00am
Minister asks political parties to cooperate with government

Minister asks political parties to cooperate with government

Caretaker Sindh Minister for Home Brigadier Akhtar Zamin (Retd) has urged all political parties to cooperate with the government in maintaining law and order situation during the proceedings of forthcoming general elections. He assured that the government
Published 15 Dec, 2007 12:00am
Aitzaz and lawyers to withdraw nomination papers

Aitzaz and lawyers to withdraw nomination papers

Up to 200 lawyers including Aitzaz Ahsan, Ali Ahmed Khurd, Ramzan Chaudhry, Ehan Raza Pasha, Muhammad Azhar Saddiqui, Jehanzaib Khan, Tanvir Randhawa and Abdur Rashid Qureshi will withdraw nomination papers from all over Pakistan, protesting to boycott th
Published 15 Dec, 2007 12:00am
'Sensible use of right of franchise leads to revolutionary change'

'Sensible use of right of franchise leads to revolutionary change'

Speakers at a workshop said on Friday that the exercise of right of franchise was a vital and integral part of democratic process and if it was exercised sensibly then it has the potential to bring about a revolutionary and drastic change.
Published 15 Dec, 2007 12:00am
Business offices abroad: Prgmea hails TDAP assistance to exporters

Business offices abroad: Prgmea hails TDAP assistance to exporters

Pakistan Readymade Garments Manufacturers Association (Prgmea) Chairman Ijaz A Khokhar has welcomed the announcement of the Trade Development Authority of Pakistan (TDAP) for providing assistance to local exporters for establishing business offices abroad
Published 15 Dec, 2007 12:00am
Telenor announces fourth Crorepati scheme

Telenor announces fourth Crorepati scheme

Following on the huge success of earlier Telenor Pakistan prize campaigns, Telenor Crorepati 1, 2 & 3 in which many people won prizes worth millions, Telenor Pakistan has introduced 'Crorepati 4', a scheme through which customers can win cash prizes and f
Published 15 Dec, 2007 12:00am
Diarrhoea-related cases: experts underscore need for new vaccines

Diarrhoea-related cases: experts underscore need for new vaccines

In developing countries such as Pakistan, diarrhoea continues to be a major killer of children during the first five years of life. A seminar organised at Agha Khan University (AKU) in collaboration with the University of Maryland (USA) highlighted the ro
Published 15 Dec, 2007 12:00am
SSIC fails to allot plots in industrial estate

SSIC fails to allot plots in industrial estate

Sindh Small Industries Corporation (SSIC) has failed to allot plots to small and cottage industries in the small industrial estate, spread over an area of 100 acres allotted by the Sindh government near Northern Bye-Pass.
Published 15 Dec, 2007 12:00am
Efforts on to raise Railways income

Efforts on to raise Railways income

Federal Minister for Railways, Mansoor Tariq has said concrete efforts are being made to increase the income of the Railways besides launching mega projects to encourage investment under the public private partnership.
Published 15 Dec, 2007 12:00am
Minister urges maximum tree plantation in Lahore

Minister urges maximum tree plantation in Lahore

Punjab Caretaker Chief Minister Ejaz Nisar has directed that maximum trees and flowers be planted on both sides of the Lahore Canal to add more to its beauty. He said a complete survey of the Lahore Canal must be conducted to repair broken portions of its
Published 15 Dec, 2007 12:00am
'Islamic banking expanding world wide'

'Islamic banking expanding world wide'

Al-Huda Islamic Banking and Economics Chief Executive Officer Zubair Mughal has said the Islamic Banking and Economics is never confined to Pakistan only, rather it is expanding world wide, including America and European countries.
Published 15 Dec, 2007 12:00am
GTZ helps FBS improve credibility of economic data

GTZ helps FBS improve credibility of economic data

Financial and technical assistance from donor agencies has helped Pakistan managers improve the authenticity and broaden the base of economic data. "There has been a lot of improvement in our working during past few years with money and technical know-how
Published 15 Dec, 2007 12:00am
'FPCCI to guide in dairy products' export'

'FPCCI to guide in dairy products' export'

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will guide and create awareness about the potential of exporting milk products and Halal Food from Pakistan. This was stated by President FPCCI Tanvir Ahmad Sheikh while talking to Consul Ge
Published 15 Dec, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 15 Dec, 2007 12:00am
264,000 kids engaged as child labour

264,000 kids engaged as child labour

There are 264,000 children engaged in child labour in the country and one in every sixth household in Islamabad has employed at least one child for domestic labour. Sources in Social Welfare Ministry said that 35 million people are living below poverty li
Published 15 Dec, 2007 12:00am
British Airways introduces special reward programme

British Airways introduces special reward programme

British Airways has introduced special reward programme for Small and Medium Enterprises (SMEs) and other business establishments to help them get the most out of their travel budgets.
Published 15 Dec, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (December 14, 2007).
Published 15 Dec, 2007 12:00am
Rs one million for treatment of Mehdi Hassan

Rs one million for treatment of Mehdi Hassan

Federal government has approved one million rupees for the treatment of Mehdi Hassan, a singing legend, as he is bed ridden for a long time. Federal Minister for Sports and Culture Sardar Sikandar Hayat Khan Jogezai would present a cheque to Mehdi Hassan
Published 15 Dec, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 15 Dec, 2007 12:00am
Pulses import down by 28 percent

Pulses import down by 28 percent

The import of pulses has declined by around 28 percent during the first four months (July-October) of the current fiscal year, said importers on Friday. They said that international price of pulses was higher against its sales in the domestic markets, whi
Published 15 Dec, 2007 12:00am
US MIDDAY: corn mixed

US MIDDAY: corn mixed

Corn futures on the Chicago Board of Trade were mixed on Friday with supportive export news and an energy bill that is friendly to corn usage pitted against bearish moves in outside markets such as lower crude oil and gold and a firm dollar, traders said.
Published 15 Dec, 2007 12:00am
US MIDDAY: soyabeans firm

US MIDDAY: soyabeans firm

Soyabean futures at the Chicago Board of Trade were firm early Friday on continued technical buying, with support stemming from an active export pace and outlooks for a sharp drawdown in supplies, traders said.
Published 15 Dec, 2007 12:00am
US MIDDAY: copper slips

US MIDDAY: copper slips

US copper futures extended early declines on Friday following the dollar's rise when US consumer inflation jumped more than forecast, but after the initial reaction, traders said activity died down and prices stayed within a limited range.
Published 15 Dec, 2007 12:00am