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Print - 2007-12-19
Call to eradicate corruption

Call to eradicate corruption

Punjab Anti-Corruption Establishment Director General Muhammad Aslam Ghumman has urged officers and employees to use their powers to combat corruption in provincial departments and perform their duties with commitment.
Published 19 Dec, 2007 12:00am
Hashmi thanks writers, poets

Hashmi thanks writers, poets

Syed Masood Hashmi, newly elected Vice President of Arts Council of Pakistan, Karachi has expressed thanks and gratitude to the writers, poets, artistes, intellectuals and all those associated with fine arts for their support to elect him second time.
Published 19 Dec, 2007 12:00am
Contract awarding ceremony today

Contract awarding ceremony today

A contract awarding ceremony for the 969 MW Neelum-Jhelum Hydroelectric Project will be held between the Water and Power Development Authority (Wapda) and CGGC of China on Wednesday (today) at the Wapda House.
Published 19 Dec, 2007 12:00am
Annual elections of PSUPLA held

Annual elections of PSUPLA held

Haji Sher Khan elected as chairman Pakistan Small Units Power Looms Association (PSUPLA) for the session of 2007-08, while Muhammad Alam Chaudhry as vice chairman. The annual elections of the association held were here in a meeting, which was presided ove
Published 19 Dec, 2007 12:00am
Exporters suffer due to power outages

Exporters suffer due to power outages

Export activities in Sialkot are suffering adversely due to 6 to 7 hours long unannounced load-shedding by the GEPCO in the region for the past many days.
Published 19 Dec, 2007 12:00am
PJBF should set up economic free zone near Karachi: Salman

PJBF should set up economic free zone near Karachi: Salman

Pakistan is graduating to the next level of economic development and it is one of the most attractive places for direct foreign investment. The government is all out to provide maximum facilities to foreign investors.
Published 19 Dec, 2007 12:00am
Steps to control undocumented gems, jewellery trade promised

Steps to control undocumented gems, jewellery trade promised

Caretaker Federal Minister for Industries, Production and Special Initiatives Salman Taseer has said that significant steps will be taken for eliminating the undocumented trade of Gems and Jewellery zero-rated that is causing million of dollars losses to
Published 19 Dec, 2007 12:00am
Jilani visits PIA head office

Jilani visits PIA head office

The Caretaker Minister for Defence, Salim Abbas Jilani visited PIA Head Office here on Tuesday. The Chairman PIA along with the Deputy Managing Director and the Chief Financial Officer briefed the minister on PIA's administrative, operational and aviation
Published 19 Dec, 2007 12:00am
Petition dismissed

Petition dismissed

A full bench of Lahore High Court (LHC) has dismissed an election petition by Khan Zia-ud-Din contesting the elections from PP-171 Nankana since his degree was invalid.
Published 19 Dec, 2007 12:00am
Political parties urged to secure neutral EC

Political parties urged to secure neutral EC

Former judges of the Supreme Court of Pakistan, who recently formed a Committee for the Rule of Law (CRL), has called upon political parties to secure a neutral Election Commission (EC).
Published 19 Dec, 2007 12:00am
Rashid Rauf's escape: two policemen granted six-day physical remand

Rashid Rauf's escape: two policemen granted six-day physical remand

A Court on Tuesday granted six-day physical remand to two policemen of Islamabad Police, the guards of Rashid Rauf a British national, for helping him escape from police custody. Margalla police presented two cops Muhammad Tufail and Nawabzada before the
Published 19 Dec, 2007 12:00am
164 to compete for 19 seats from Rahim Yar Khan district

164 to compete for 19 seats from Rahim Yar Khan district

Some 20 independent candidates will contest for six National Assembly and 62 for 13 Punjab Assembly seats in January 8 elections. Out of 164, the total number of candidates from the district here, 82 will contest from independent positions and remaining 8
Published 19 Dec, 2007 12:00am
NA-148 and NA-149: arch rivals challenging each other

NA-148 and NA-149: arch rivals challenging each other

The elections for NA-148 and NA-149 of Multan are expected to present dramatic results as arch rivals belonging to the Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N), two mainstream political parties are challenging each other for t
Published 19 Dec, 2007 12:00am
PML-Q in disarray in six Punjab districts

PML-Q in disarray in six Punjab districts

The Pakistan Muslim League-Quaid (PML-Q) is in disarray in six Punjab districts, which is the main focus of its attention in the January 8 parliamentary elections to return to the power corridors. The distribution of tickets and internal fighting has espe
Published 19 Dec, 2007 12:00am
131 polling stations sensitive

131 polling stations sensitive

As many as 131 polling stations have been declared sensitive in terms of security in Sialkot district. The following tehsil-wise sensitive polling stations are 58 in tehsil Sialkot, 30 Daska tehsil, 31 Pasrur tehsil and 12 in Sambrial tehsil of the distri
Published 19 Dec, 2007 12:00am
Foolproof security arrangements made in Sialkot

Foolproof security arrangements made in Sialkot

District Returning Officer, Sialkot, Shoaib Ahmad Rumi has said that foolproof security arrangements were being made for holding of elections in a fair, free and congenial environment in Sialkot district.
Published 19 Dec, 2007 12:00am
Minister terms sanitation sector most neglected

Minister terms sanitation sector most neglected

Over the past years sanitation remained a neglected sector in Pakistan as almost 30 percent population in rural areas and 65 percent in urban areas have an access to proper sanitation facilities, said Wajid Hussain Bukhari, caretaker Federal Minister for
Published 19 Dec, 2007 12:00am
The Weather

The Weather

The weather report on Tuesday (December 18, 2007) and the forecast for Wednesday (December 19, 2007).
Published 19 Dec, 2007 12:00am
'Government to hold fair, free polls'

'Government to hold fair, free polls'

Former federal 'Govt to hold fair, free polls' minister and PML-Q candidate from NA-55 and NA-56 Sheikh Rashid Ahmad has said that the government would hold 100 percent fair and transparent polls in the country.
Published 19 Dec, 2007 12:00am
New York cotton

New York cotton

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

Published 19 Dec, 2007 12:00am
Oil price increase left to next government

Oil price increase left to next government

The caretaker government has decided to leave the unpopular but unavoidable decision of increasing oil prices to the next elected government, it has been reliably learnt. The petroleum and the finance ministries had forcefully pleaded to the government la
Published 19 Dec, 2007 12:00am
New York cotton

New York cotton

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

Published 19 Dec, 2007 12:00am
Mild quake jolts southern Punjab

Mild quake jolts southern Punjab

An earthquake measuring 5.1 on the Richter scale jolted parts of southern Punjab on Tuesday but there were no immediate reports of any damage. According to the US geological survey, the epicentre of the quake was north-west 105 km (65 miles) of Dera Ghazi
Published 19 Dec, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
14 factories allowed to export citrus

14 factories allowed to export citrus

Russia has lifted ban on importing Kinnow from Pakistan and a delegation of its Quarantine Department currently visiting Pakistan has allowed 14 factories to start exporting citrus.
Published 19 Dec, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
Population increasing by 1.4 percent per annum

Population increasing by 1.4 percent per annum

The government is planning to bring population growth rate under control from present 1.4 percent to 1.0 percent during next year, said Professor A. J. Khan, Federal Minister for Population Welfare here on Tuesday.
Published 19 Dec, 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 19 Dec, 2007 12:00am
NWFP to ban plying of two-stroke rickshaws

NWFP to ban plying of two-stroke rickshaws

The committee constituted by the NWFP government for the conversion of 2-stroke rickshaws into 4-stroke has unanimously decided to convert 2-stroke rickshaws into 4-stroke within three months. The committee has further decided to ban on 2-stroke rickshaws
Published 19 Dec, 2007 12:00am
LHCBA praises court's decision on FHC

LHCBA praises court's decision on FHC

The Lahore High Court Bar Association President, Ehsan Bohn has praised the decision of blocking the government from taking any further step in establishing the Federal High Court till further orders.
Published 19 Dec, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
PPP to form government after polls: Benazir

PPP to form government after polls: Benazir

Chairperson Pakistan People's Party (PPP) Benazir Bhutto has vowed that her party would form the government after the January 8 elections. Addressing a public meeting at Gama Stadium here, she said a PPP government would re-launch all such mega developmen
Published 19 Dec, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (December 18, 2007) and for Wednesday (December 19, 2007).
Published 19 Dec, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
Eid holidays for Sindh University

Eid holidays for Sindh University

The University of Sindh has announced schedule of Eid holidays here on Monday. According to notification issued by Registrar M Saleh Rajar the University would remain closed on account of Eid-ul Azha holidays from December, 20 to 22.
Published 19 Dec, 2007 12:00am
'PS now capable to meet country's steel requirement'

'PS now capable to meet country's steel requirement'

Caretaker Federal Minister for Industries and Special Initiatives Salmaan Taseer has said Pakistan Steel (PS), which has become financially strong due to the reforms and steps taken by the management, is now capable to meet the country's steel requirement
Published 19 Dec, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
Onion production target reduced by 8.5 percent

Onion production target reduced by 8.5 percent

Due to unfavourable weather conditions Pakistan missed the 2.104 million tons onion production target during 2006-07 by 0.343 million tons, with net output of 1.761 million tons, showing a shortfall of 16.30 percent, Business Recorder learnt on Tue
Published 19 Dec, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
Cheats operate freely in Islamabad

Cheats operate freely in Islamabad

The capital city is full of con men and hundreds of people are deprived from their valuables and cash by these cheats daily. On Tuesday a journalist became victim of the cheats and was deprive of Rs 24,000 by three men in sector G 9 market, near National
Published 19 Dec, 2007 12:00am
Continuity in economic policies urged

Continuity in economic policies urged

Site Association of Industry (SAI) Chairman, Imran Shaukat has said that continuity in economic policies after elections is important for sustainable growth of industrial sector. He was addressing a press conference at the association office here on Tuesd
Published 19 Dec, 2007 12:00am
Income and sales tax division to have one-window operation

Income and sales tax division to have one-window operation

The joint tax facilitation division for income and sales taxes is expected to begin functioning from January 2008 at Regional Tax Office here, bringing major operations of both the taxes under one roof.
Published 19 Dec, 2007 12:00am
THE RUPEE: dollar depressed

THE RUPEE: dollar depressed

The rupee was able to retain its overnight firmness against dollar in the currency market on Tuesday while failed to do so versus euro, dealers said. In the interbank market, the rupee extended its gains, picking up 15 paisa in relation to dollar for buyi
Published 19 Dec, 2007 12:00am
Kashif Sajjad elected PPMA chairman

Kashif Sajjad elected PPMA chairman

Managing Director, CCL Pharmaceuticals (Pvt) Ltd. Kashif Sajjad Sheikh was unanimously elected as Chairman Pakistan Pharmaceutical Manufacturers Association (PPMA) at its annual general meeting. A release on Tuesday said that Sheikh was elected at the ann
Published 19 Dec, 2007 12:00am
THE RUPEE: dollar depressed

THE RUPEE: dollar depressed

The rupee was able to retain its overnight firmness against dollar in the currency market on Tuesday while failed to do so versus euro, dealers said. In the interbank market, the rupee extended its gains, picking up 15 paisa in relation to dollar for buyi
Published 19 Dec, 2007 12:00am
Low pressure hits CNG stations in Punjab and NWFP

Low pressure hits CNG stations in Punjab and NWFP

Due to insufficient supply of natural gas by the companies to CNG stations, business of more than 1,000 CNG stations out of total 1,923 stations is badly affected in Punjab and northern areas (NAs).
Published 19 Dec, 2007 12:00am
KSE holidays

KSE holidays

The Karachi Stock Exchange (KSE) will remain closed on Thursday and Friday, ie December 20 and 21 respectively on account of Eid-ul-Azha. The KSE will also remain closed on 25th December on account of birth anniversary of Quaid-e-Azam.
Published 19 Dec, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
KESC extends date for payment of bills

KESC extends date for payment of bills

The Karachi Electric Supply Corporation (KESC) has extended payment date of electricity bills falling due from December 20 to December 25, 2007. Such bills may be paid without late payment charges up to Wednesday, December 26.
Published 19 Dec, 2007 12:00am
Sapphire conducts written test of fresh graduates

Sapphire conducts written test of fresh graduates

The Sapphire, an international Software Development networking organisation on Tuesday conducted written test of fresh graduates of Information Technology, Software Engineering, Computer Science, MBA, Economics, mathematics and statistics disciplines for
Published 19 Dec, 2007 12:00am
LPG prices up ahead of Eid

LPG prices up ahead of Eid

The liquefied petroleum gas (LPG) marketing companies have increased prices of LPG by Rs 4.5 to Rs 62.50 per kilo and 11.8 kg cylinder by Rs 50 to Rs 680 on lower production by local producers ahead of Eid. According to LPG Distributors Association of Pak
Published 19 Dec, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Dec, 2007 12:00am
Australia's ANZ bank says aims to double profits

Australia's ANZ bank says aims to double profits

The Australia & New Zealand Banking Group (ANZ) said Tuesday it planned to double profits to more than 8.0 billion dollars (6.85 billion US) in the next five years as it expands operations in Asia. ANZ chief executive Michael Smith said the bank's Asian b
Published 19 Dec, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Dec, 2007 12:00am
Australia's ANZ bank says aims to double profits

Australia's ANZ bank says aims to double profits

The Australia & New Zealand Banking Group (ANZ) said Tuesday it planned to double profits to more than 8.0 billion dollars (6.85 billion US) in the next five years as it expands operations in Asia. ANZ chief executive Michael Smith said the bank's Asian b
Published 19 Dec, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Dec, 2007 12:00am
Britain extends help to Northern Rock

Britain extends help to Northern Rock

Britain's Labour government Tuesday agreed to extend its guarantee to all customer deposits held at Northern Rock as the British bank severely hit by the global credit squeeze awaits being taken over.
Published 19 Dec, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (December 18, 2007).

Published 19 Dec, 2007 12:00am
Bankinter, KPN in mobile, banking services deal

Bankinter, KPN in mobile, banking services deal

Dutch telecoms group KPN has made an agreement with Bankinter through which the Spanish bank will offer mobile phone services at special rates to its banking clients, Bankinter said on Tuesday. The deal will piggyback the network of France Telecom's Orang
Published 19 Dec, 2007 12:00am
ABB wins orders for China power 'super-highway'

ABB wins orders for China power 'super-highway'

Swiss engineering group ABB Ltd has won contracts worth $440 million from the State Grid Corporation of China (SGCC) to build the world's longest power link, running 2,000 kilometres across the country.
Published 19 Dec, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Dec, 2007 12:00am
ISE index loses 43.04 points

ISE index loses 43.04 points

Fresh bearish assault moved the entire ready-board in downward direction at the Islamabad Stock Exchange (ISE) where players remained at the sidelines to avoid heavy losses amid decrease in index. ISE-10 Index showed a decrease of 43.04 points as it moved
Published 19 Dec, 2007 12:00am
ISE index loses 43.04 points

ISE index loses 43.04 points

Fresh bearish assault moved the entire ready-board in downward direction at the Islamabad Stock Exchange (ISE) where players remained at the sidelines to avoid heavy losses amid decrease in index. ISE-10 Index showed a decrease of 43.04 points as it moved
Published 19 Dec, 2007 12:00am
Bank of England says three-months cash offer slightly oversubscribed

Bank of England says three-months cash offer slightly oversubscribed

Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said. The BoE put up 11.35 billion pounds (15.9 billion euros, 22.
Published 19 Dec, 2007 12:00am
Bears tighten grip on LSE

Bears tighten grip on LSE

A bearish trend gripped the Lahore Stock Exchange on Tuesday where equities recorded losses amid an ascending transaction volume under the lead of oil sector shares. The LSE-25 index fell by 4676.39 against 4727.59 of Monday while trading turnover increas
Published 19 Dec, 2007 12:00am
Bears tighten grip on LSE

Bears tighten grip on LSE

A bearish trend gripped the Lahore Stock Exchange on Tuesday where equities recorded losses amid an ascending transaction volume under the lead of oil sector shares. The LSE-25 index fell by 4676.39 against 4727.59 of Monday while trading turnover increas
Published 19 Dec, 2007 12:00am
Drop in sales tax collection: FBR may carry out analysis of cement units

Drop in sales tax collection: FBR may carry out analysis of cement units

The Federal Board of Revenue (FBR) is likely to carry out a detailed analysis of cement factories to ascertain the reasons for decrease in sales tax collection from this potential sector during 2007-08 so far. The FBR quarterly review has strongly propose
Published 19 Dec, 2007 12:00am
Drop in sales tax collection: FBR may carry out analysis of cement units

Drop in sales tax collection: FBR may carry out analysis of cement units

The Federal Board of Revenue (FBR) is likely to carry out a detailed analysis of cement factories to ascertain the reasons for decrease in sales tax collection from this potential sector during 2007-08 so far. The FBR quarterly review has strongly propose
Published 19 Dec, 2007 12:00am
Drop in sales tax collection: FBR may carry out analysis of cement units

Drop in sales tax collection: FBR may carry out analysis of cement units

The Federal Board of Revenue (FBR) is likely to carry out a detailed analysis of cement factories to ascertain the reasons for decrease in sales tax collection from this potential sector during 2007-08 so far. The FBR quarterly review has strongly propose
Published 19 Dec, 2007 12:00am
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