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Print - 2007-12-25
Coal reserves found in Cholistan

Coal reserves found in Cholistan

Punjab Minister for Mines and Minerals, Makhdoom Ufkar-ul-Hassan has said that coal reserves were found in Cholistan area in Punjab where drilling was under way at 13 different points.
Published 25 Dec, 2007 12:00am
Cottage industry zone

Cottage industry zone

In the year 1994, Sindh Government seriously considered about the development of cottage industry, particularly in Karachi as such cottage industry, is the backbone of main industries scattered in residential areas of city.
Published 25 Dec, 2007 12:00am
Illegal immigrants 'self deport' from US as woes mount

Illegal immigrants 'self deport' from US as woes mount

Mexican illegal immigrant Lindi sat down with her husband Marco Antonio in the weeks before Christmas to decide when to go back to Mexico. She has spent three years working as a hairdresser in and around Phoenix, but now she figures it is time to go back
Published 25 Dec, 2007 12:00am
Pentagon examines use of solar unit in space

Pentagon examines use of solar unit in space

For decades scientists and environmentalists have advocated using the power of the sun as an alternative source to light our homes, but now the US Defence Department is putting a different twist on the concept. A little known outfit in the Pentagon known
Published 25 Dec, 2007 12:00am
Uzbekistan to cater all facilities to Pakistani entrepreneurs

Uzbekistan to cater all facilities to Pakistani entrepreneurs

The Deputy Foreign Minister of Uzbekistan Shoazim Minivoarov has said that his country has decided to provide all possible facilities to the Pakistani entrepreneurs to boost bilateral trade. He stated this while talking to the chairman of the Senate Stand
Published 25 Dec, 2007 12:00am
Construction of new roads: Sialkot government spending Rs 400 million

Construction of new roads: Sialkot government spending Rs 400 million

District Government Sialkot (DGS) is spending more than Rs 400 million during current fiscal on construction of 200 KM long new roads in Sialkot, Pasrur, Daska and Sambrial tehsils of the district. The work on the project would be started soon in all tehs
Published 25 Dec, 2007 12:00am
Alpha dairies commences commercial production

Alpha dairies commences commercial production

Alpha Dairies, an integegrated dairy based in Shah Jewna, Jhang the best milk packet in Punjab starts it commercial production. The Rs 500 million milk plant with a capacity to process 240,000 litres /day is producing quality instant skimmed powder at the
Published 25 Dec, 2007 12:00am
Minorities enjoy equal rights: Aurakzai

Minorities enjoy equal rights: Aurakzai

The Governor, NWFP, Lieutenant General Ali Muhammad Jan Aurakzai ((Retd) has said that minorities in Pakistan are an integral part of the nation and all of them enjoy equal rights, and opportunities for upward mobility and development, irrespective of col
Published 25 Dec, 2007 12:00am
PTCL - smart people they?

PTCL - smart people they?

The rapid increase in the use of what have come to be called mobile phones obviously means less and less use of what PTCL terms as land phones. As a consequence PTCL must have been facing a loss of income in the case of its land phone facility. How they c
Published 25 Dec, 2007 12:00am
Indian frozen meat import falls

Indian frozen meat import falls

A considerable decline has been noticed in the import of frozen meat from India during the last two months. According to private TV news channel the main reason for the decline in the import of Indian meat during the last two months is the higher rates.
Published 25 Dec, 2007 12:00am
Platinum hits lifetime high, gold steadies

Platinum hits lifetime high, gold steadies

Platinum hit an historic high in light festive-season trading on Monday, with speculators and industrial users buying on supply concerns and market tightness. Gold steadied after trading in a narrow band, with investors keeping an eye on the dollar and oi
Published 25 Dec, 2007 12:00am
Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

The Rotterdam vegetable oil market closed early on Monday for Christmas. The following were Rotterdam vegetable oil prices at 1200 GMT.
Published 25 Dec, 2007 12:00am
Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

The Rotterdam vegetable oil market closed early on Monday for Christmas. The following were Rotterdam vegetable oil prices at 1200 GMT.
Published 25 Dec, 2007 12:00am
Oil gains on tight US stocks, Mexico port closures

Oil gains on tight US stocks, Mexico port closures

Oil prices rose above $94 on Monday in thin trading as dealers anticipated a further tightening of US energy stockpiles and foul weather forced Mexico to shut two key oil ports. The gains, however, were tempered by forecasts that mild weather in the North
Published 25 Dec, 2007 12:00am
Shanghai copper ascends

Shanghai copper ascends

Shanghai copper futures rose by their daily limit for a third day in a row on Monday, supported by high spot premiums in the domestic market, reflecting the strong demand and tight supplies seen late this year.
Published 25 Dec, 2007 12:00am
London sugar and coffee up; cocoa down

London sugar and coffee up; cocoa down

London white sugar futures extended recent gains to hit a nine-month high before reversing direction at Monday's close, dealers said. Robusta coffee advanced slightly within its recent range, while cocoa slipped on hedging-related sales.
Published 25 Dec, 2007 12:00am
Tocom rubber seen at 300 yen end December

Tocom rubber seen at 300 yen end December

Tokyo rubber futures are expected to remain firm to the end of this year on Chinese buying, concerns about falling supply and a bullish technical trend, but dip a little in January, a Reuters poll showed on Friday.
Published 25 Dec, 2007 12:00am
APDM demands end to operation in Balochistan, tribal areas

APDM demands end to operation in Balochistan, tribal areas

The All Parties Democratic Movement (APDM) on Monday demanded end of security operation in Balochistan, restoration of all deposed judges of the Apex and High Courts who refused to take oath under PCO-2007, and release of all lawyers.
Published 25 Dec, 2007 12:00am
Horticulture Board planning to establish floriculture farms

Horticulture Board planning to establish floriculture farms

The Pakistan Horticulture Development and Export Board (PHDBE) is planning to set up 'floriculture common facility farms' to help the farmers in getting interested in growing export-quality flowers on large scale.
Published 25 Dec, 2007 12:00am
Thoughts on Quaid's birth anniversary

Thoughts on Quaid's birth anniversary

I remember seeing Quaid-i-Azam Muhammad Ali Jinnah as a young child when my father took me to Otcherly Monument Grounds in what was then Calcutta (now Kolkata) on the Direct Action Day in August 1946. My father raised me on his shoulder so that I could se
Published 25 Dec, 2007 12:00am
Passco's role lauded for improving wheat supply situation

Passco's role lauded for improving wheat supply situation

Caretaker Prime Minister Mohammedmian Soomro on Monday said that Passco has played a very significant role in improving the wheat supply situation in the country. He expressed the confidence that Passco would continue to serve with same dedication and com
Published 25 Dec, 2007 12:00am
Pakistan, China in strong bonds of friendship, says Soomro

Pakistan, China in strong bonds of friendship, says Soomro

Caretaker Prime Minister Mohammedmian Soomro said that Pakistan and China are knit in a strong bond of friendship, which is stable and consistent. Both neighbour countries, he said, had stood by each other in the past and would continue to do so in future
Published 25 Dec, 2007 12:00am
Clarification

Clarification

Apropos a news item 'PPRA rejects MOL claim' carried on December 18, MOL Pakistan has issued the following clarification: The mentioned news item is allegedly based on a letter written by the Public Procurement Regulatory Authority.
Published 25 Dec, 2007 12:00am
Frustration with religious parties prompts rejection

Frustration with religious parties prompts rejection

In 2002, Ibrar Hussein voted for an Islamic take-over. Fed up both with Pakistan's military-led government and with the mainstream, secular opposition, Hussein decided that religious leaders should be given a chance to improve living conditions in this sp
Published 25 Dec, 2007 12:00am
Shahbaz accuses Chaudhrys of plotting vote rigging

Shahbaz accuses Chaudhrys of plotting vote rigging

The President, Pakistan Muslim League-Nawaz and former Chief Minister, Shahbaz Sharif has accused Chaudhry brothers of plotting a drama in an attempt to conceal their rigging plans they have designed to overpower the result of the upcoming polls.
Published 25 Dec, 2007 12:00am
PML-N NWFP lawyers wing chief resigns

PML-N NWFP lawyers wing chief resigns

President Lawyers Wing of PML-N NWFP, Advocate Abdul Sattar has resigned from his post for violating party discipline by withdrawing his nomination papers from NA-2 for showing solidarity with lawyers' community.
Published 25 Dec, 2007 12:00am
Balloting to prove Pukthoons are not terrorists: Asfandyar

Balloting to prove Pukthoons are not terrorists: Asfandyar

The Pukhtoons would have to pass on clear message to the world through balloting on January 8, 2008 in favour of the Awami National Party (ANP) that they were neither terrorists and extremists nor saboteurs but peace loving people.
Published 25 Dec, 2007 12:00am
JUP assures support to PML-N

JUP assures support to PML-N

A delegation of the Markazi Jamiat Ulem-e-Pakistan (JUP) held a meeting with the leader of Pakistan Muslim League- Nawaz (PML-N), Mian Nawaz Sharif on Sunday night assured countrywide support to his candidates in the elections.
Published 25 Dec, 2007 12:00am
SHC allows Pir Mazhar, Salam Thaheem to contest elections

SHC allows Pir Mazhar, Salam Thaheem to contest elections

Three-member full bench of High Court of Sindh on Monday, hearing appeals against the decisions of an Election Tribunal, allowed Pir Mazharul Haq and Abdul Salam Thaheem of Pakistan People's Party Parliamentarians to contest general elections on PS-74 and
Published 25 Dec, 2007 12:00am
Unabated violence in NWFP

Unabated violence in NWFP

After a short, deceptive lull, violence is in full swing once again in north-western Pakistan. The week that passed there was blood-soaked, with mayhem stalking through the length and breadth of the North West Frontier Province.
Published 25 Dec, 2007 12:00am
The dilemma of small investors

The dilemma of small investors

Not unlike several other hurriedly set up organisations in recent years, the Sindh Small Industries Corporation (SSIC) is reported have failed to live up to the high expectations associated with it.
Published 25 Dec, 2007 12:00am
Quaid's role in the making of Pakistan

Quaid's role in the making of Pakistan

How critical was Quaid-i-Azam's role in the making of Pakistan? Surprisingly though, it was most succinctly and most brilliantly summed up in rather unsuspecting quarters - in H. V. Hoc/son (d 2000)'5 The Great Divide (1969), perhaps the most authoritativ
Published 25 Dec, 2007 12:00am
Khatami stages political comeback ahead of March polls

Khatami stages political comeback ahead of March polls

For more than two years he has remained on the political sidelines, quietly observing the actions of his successor Mahmoud Ahmadinejad. But now former Iranian president Mohammad Khatami has broken his silence, returning to the political stage at the head
Published 25 Dec, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish trend prevailed on the Lahore Stock Exchange on Monday where equities gained under the lead of blue chips while the transaction volume marginally declined.
Published 25 Dec, 2007 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish trend prevailed on the Lahore Stock Exchange on Monday where equities gained under the lead of blue chips while the transaction volume marginally declined.
Published 25 Dec, 2007 12:00am
ISE-10 Index up 18.24 points

ISE-10 Index up 18.24 points

Bulls returned to the driving seat at the Islamabad Stock Exchange (ISE) on Monday where fresh buying spree moved the entire ready board in upward direction amid increase in index. The ISE-10 Index was up by 18.24 points from 3,044.75 to 3,062.99 points.
Published 25 Dec, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
ISE-10 Index up 18.24 points

ISE-10 Index up 18.24 points

Bulls returned to the driving seat at the Islamabad Stock Exchange (ISE) on Monday where fresh buying spree moved the entire ready board in upward direction amid increase in index. The ISE-10 Index was up by 18.24 points from 3,044.75 to 3,062.99 points.
Published 25 Dec, 2007 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (December 24, 2007).
Published 25 Dec, 2007 12:00am
Scuffles break out after final Kenya campaign rallies

Scuffles break out after final Kenya campaign rallies

Kenyan police broke up scuffles Monday between supporters of the top two contenders in the December 27 presidential election, an AFP correspondent reported. The fighting started when droves of several hundred people from opposing camps met in central Nair
Published 25 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 Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
Ebadi protests high bail for Iran women activists

Ebadi protests high bail for Iran women activists

Nobel peace laureate Shirin Ebadi has protested at the high bail sums demanded for two jailed women's rights activists, whom she said were innocent, a press report said on Monday.
Published 25 Dec, 2007 12:00am
Aussie 'Taliban' prefers cell to sunshine: report

Aussie 'Taliban' prefers cell to sunshine: report

Former Guantanamo Bay inmate David Hicks prefers his prison cell to the prison yard after years of confinement, a report said Monday, just days ahead of the 'Aussie Taliban's' release.
Published 25 Dec, 2007 12:00am
China detains farmers urging land privatisation

China detains farmers urging land privatisation

China has detained at least three farmers on subversion charges for making bold calls for private land ownership in the countryside, an attempt to curb land seizures by corrupt officials, their families said on Monday.
Published 25 Dec, 2007 12:00am
Fewer observers for Russian presidential election: official

Fewer observers for Russian presidential election: official

Russia will invite far fewer foreign observers to Russia's presidential election in March than for the previous race for the Kremlin four years ago, a senior elections official indicated Monday. Stanislav Vavilov, deputy head of the Central Election Commi
Published 25 Dec, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
Gold traded at Rs 15,900 per 10 grams

Gold traded at Rs 15,900 per 10 grams

Gold price on Monday went up to Rs 15,900 per 10 grams in the local market due to its increasing price in the world market by 11.50 dollars per ounce, while per tola was now available at Rs 18,550, said the traders.
Published 25 Dec, 2007 12:00am
Gold traded at Rs 15,900 per 10 grams

Gold traded at Rs 15,900 per 10 grams

Gold price on Monday went up to Rs 15,900 per 10 grams in the local market due to its increasing price in the world market by 11.50 dollars per ounce, while per tola was now available at Rs 18,550, said the traders.
Published 25 Dec, 2007 12:00am
Gold traded at Rs 15,900 per 10 grams

Gold traded at Rs 15,900 per 10 grams

Gold price on Monday went up to Rs 15,900 per 10 grams in the local market due to its increasing price in the world market by 11.50 dollars per ounce, while per tola was now available at Rs 18,550, said the traders.
Published 25 Dec, 2007 12:00am
State Bank panel of auditors

State Bank panel of auditors

State Bank of Pakistan has included two new chartered accountancy firms - Rahman Sarfaraz Rahim Iqbal Rafiq & Co and Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq & Co - in its panel of auditors with immediate effect. Rahman Sarfaraz Rahim Iqbal Rafiq &
Published 25 Dec, 2007 12:00am
State Bank panel of auditors

State Bank panel of auditors

State Bank of Pakistan has included two new chartered accountancy firms - Rahman Sarfaraz Rahim Iqbal Rafiq & Co and Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq & Co - in its panel of auditors with immediate effect. Rahman Sarfaraz Rahim Iqbal Rafiq &
Published 25 Dec, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Dec, 2007 12:00am
State Bank panel of auditors

State Bank panel of auditors

State Bank of Pakistan has included two new chartered accountancy firms - Rahman Sarfaraz Rahim Iqbal Rafiq & Co and Khalid Majid Rahman Sarfaraz Rahim Iqbal Rafiq & Co - in its panel of auditors with immediate effect. Rahman Sarfaraz Rahim Iqbal Rafiq &
Published 25 Dec, 2007 12:00am
Trade leaders call for transparency in poll process

Trade leaders call for transparency in poll process

Business and industry leaders have called upon the government to ensure transparency in the election process to make it acceptable to all contestants to avoid confrontation in post-polls scenario.
Published 25 Dec, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
Baglihar power project to start partial operations by next June

Baglihar power project to start partial operations by next June

The controversial Baglihar hydroelectric project will start partial operations by next June, supplying much needed power, Indian occupied Kashmir's chief minister said. Pakistan has said it fears the one-billion-dollar project could deprive its wheat-bowl
Published 25 Dec, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Dec, 2007 12:00am
Musharraf, Sherpao, Fazl under al Qaeda threat

Musharraf, Sherpao, Fazl under al Qaeda threat

Caretaker Minister for Interior Hamid Nawaz on Monday said that there was life threat to President Pervez Musharraf, Aftab Ahmed Khan Sherpao and JUI leader Maulana Fazal-ur-Rehman from the al Qaeda operatives.
Published 25 Dec, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Dec, 2007 12:00am
Musharraf, Sherpao, Fazl under al Qaeda threat

Musharraf, Sherpao, Fazl under al Qaeda threat

Caretaker Minister for Interior Hamid Nawaz on Monday said that there was life threat to President Pervez Musharraf, Aftab Ahmed Khan Sherpao and JUI leader Maulana Fazal-ur-Rehman from the al Qaeda operatives.
Published 25 Dec, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Dec, 2007 12:00am
Settlement dispute stalls Israeli-Palestinian talks

Settlement dispute stalls Israeli-Palestinian talks

Israeli and Palestinian negotiators opened a second round of statehood talks on Monday but the Palestinians ruled out addressing substantive issues until Israel agreed to stop settlement building near Jerusalem.
Published 25 Dec, 2007 12:00am
Settlement dispute stalls Israeli-Palestinian talks

Settlement dispute stalls Israeli-Palestinian talks

Israeli and Palestinian negotiators opened a second round of statehood talks on Monday but the Palestinians ruled out addressing substantive issues until Israel agreed to stop settlement building near Jerusalem.
Published 25 Dec, 2007 12:00am
Customs staff on poll duty: FBR may reject ECP proposal

Customs staff on poll duty: FBR may reject ECP proposal

The Federal Board of Revenue (FBR) is likely to reject a proposal of the Election Commission of Pakistan for posting customs officials to perform official duties during the upcoming general elections.
Published 25 Dec, 2007 12:00am
Customs staff on poll duty: FBR may reject ECP proposal

Customs staff on poll duty: FBR may reject ECP proposal

The Federal Board of Revenue (FBR) is likely to reject a proposal of the Election Commission of Pakistan for posting customs officials to perform official duties during the upcoming general elections.
Published 25 Dec, 2007 12:00am
Customs staff on poll duty: FBR may reject ECP proposal

Customs staff on poll duty: FBR may reject ECP proposal

The Federal Board of Revenue (FBR) is likely to reject a proposal of the Election Commission of Pakistan for posting customs officials to perform official duties during the upcoming general elections.
Published 25 Dec, 2007 12:00am
Jazz piano legend Oscar Peterson dead at 82

Jazz piano legend Oscar Peterson dead at 82

Canadian pianist and composer Oscar Peterson has died, bringing the final curtain down on one of the finest jazz careers of the 20th century, media reported Monday. He was 82. "The world has lost the world's greatest jazz player," Hazel McCallion, mayor o
Published 25 Dec, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (December 24, 2007).

Published 25 Dec, 2007 12:00am
Jazz piano legend Oscar Peterson dead at 82

Jazz piano legend Oscar Peterson dead at 82

Canadian pianist and composer Oscar Peterson has died, bringing the final curtain down on one of the finest jazz careers of the 20th century, media reported Monday. He was 82. "The world has lost the world's greatest jazz player," Hazel McCallion, mayor o
Published 25 Dec, 2007 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

The rupee turned sharply lower against dollar in the interbank market on Monday. It extended its slide in relation to the US currency, dipping 28 paisa for buying and selling at Rs 61.05 and Rs 61.07 respectively as most of the commercial centres reopened
Published 25 Dec, 2007 12:00am