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Print - 2008-01-03
Election of Pakistan soap association

Election of Pakistan soap association

Annual Election of Pakistan Soap Manufacturers' Association was held on in a local Hotel to elect the new members of Managing Committee and office bearers.
Published 03 Jan, 2008 12:00am
PML-Q leader for continuation of Musharraf's agenda

PML-Q leader for continuation of Musharraf's agenda

Former District Nazim, Minister of State for Tourism and Senior Vice President of Pakistan Muslim League-Q, NWFP, Shahzada Mohayuddin has announced continuation of President Musharraf's agenda and completion of mega projects announced by the president for
Published 03 Jan, 2008 12:00am
CPSP president condoles Benazir death

CPSP president condoles Benazir death

The President of College of Physicians and Surgeons of Pakistan (CPSP) Professor Zafar Ullah Chaudhry and fellows of CPSP extended their heartfelt condolences at the tragic Shahadat of Benazir in his condolence message to Asif Ali Zardari and Bilawal Bhut
Published 03 Jan, 2008 12:00am
Fazl accepts polls delay

Fazl accepts polls delay

Jamiat-Ulema-e-Islam Amir Fazlur Rehman has said that parties should accept the decision of Election Commission about postponement of January 8 general elections till February 18. Talking to a private TV channel on Wednesday, he said.
Published 03 Jan, 2008 12:00am
PML-N leader out on bail

PML-N leader out on bail

Pakistan Muslim League-Nawaz (PML-N) leader Tariq Naeem-ullah Khan was bailed out by local magistrate/ civil judge Multan, Zia-ullah Niazi against the surety bond of Rs 20,000. He was arrested by Chehalyak police on the charge of taking out procession and
Published 03 Jan, 2008 12:00am
Mannoo wants LCCI to make country economic powerhouse

Mannoo wants LCCI to make country economic powerhouse

The Federal Minister for Commerce, Trade & Industry, Shahzada Alam Mannoo, has urged the business community to contribute actively in making the country an economic powerhouse. The Minister, along with 10 provincial ministers, was addressing members of La
Published 03 Jan, 2008 12:00am
Obituary

Obituary

Jawwad Ghafoor, a younger brother of a Supreme Court of Pakistan judge, Justice Mian Hamid Farooq, passed away here on Wednesday. His funeral procession was attended by judges, law officers, bar members and elite of the city. He was laid to rest in Awan T
Published 03 Jan, 2008 12:00am
Punjab labour court sets new record

Punjab labour court sets new record

The Punjab Labour Court No 9 Multan headed by Mehr Ijaz Ali Siyal has decided total 772 cases during the year 2007 and setting a new record in Punjab.
Published 03 Jan, 2008 12:00am
PML-Q will sweep general elections: Elahi

PML-Q will sweep general elections: Elahi

Pakistan Muslim League-Q Punjab President and former chief minister Chaudhry Pervaiz Elahi on Wednesday claimed that his party would sweep the general elections and that was the reason its opponents foreseeing their defeat were levelling false allegations
Published 03 Jan, 2008 12:00am
2600 booked for vandalism in Gujranwala

2600 booked for vandalism in Gujranwala

In district Gujranwala, cases have been registered against 2,600 persons for vandalising public and private property, arson, loot and plunder in the three days following Benazir Bhutto's assassination. Police sources said that 148 accused had been identif
Published 03 Jan, 2008 12:00am
Benazir's assassination: government rules out investigation by UN

Benazir's assassination: government rules out investigation by UN

Pakistan said on Wednesday it was open to receive assistance from outside to probe into the assassination of Benazir Bhutto, however, the foreign help would be sought as and when the government felt it was needed. Foreign Office spokesman Muhammad Sadiq s
Published 03 Jan, 2008 12:00am
Proclaimed offender shot dead

Proclaimed offender shot dead

A hardened criminal and proclaimed offender involved in a number of police encounter cases, murder and dacoity was killed in an encounter with the CIA Police, Ravi Town in the wee hours of Wednesday. According to the police sources, the criminal was respo
Published 03 Jan, 2008 12:00am
Government should compensate traders: LRGMA

Government should compensate traders: LRGMA

Muslim Tajir Ittehad and Lahore Retailers and General Merchants Association (LRGMA) have termed killing of Mohtarma Benazir Bhutto as a national tragedy depriving the country from a great political leader. These views were expressed at a joint meeting of
Published 03 Jan, 2008 12:00am
Siemens to deliver SAP ERP to Getz Pharmaceutical

Siemens to deliver SAP ERP to Getz Pharmaceutical

Siemens will deliver SAP Enterprise Resource Planning (ERP) system and corresponding consulting services to Getz Pharma for implementation at its locations. The agreement was signed at a prestigious ceremony held in Karachi.
Published 03 Jan, 2008 12:00am
World DAP prices have more than doubled

World DAP prices have more than doubled

International prices for DAP fertiliser (Diammonium Phosphate) have more than doubled during the last one year. At this time last year, DAP could be purchased for approximately 300 dollars/ton cfr Karachi port. Today, if a fresh purchase is to be made, th
Published 03 Jan, 2008 12:00am
Dubai mourners join Benazir's son in prayers

Dubai mourners join Benazir's son in prayers

The teenage son of assassinated Pakistani opposition leader Benazir Bhutto received condolences for his slain mother in the Gulf Emirate of Dubai on Wednesday. Dozens of mainly Pakistani expatriates paid their respects to Bilawal Bhutto Zardari at his fam
Published 03 Jan, 2008 12:00am
Al Ghurair Giga projects: secretary BoI reviews construction work

Al Ghurair Giga projects: secretary BoI reviews construction work

A three-member delegation led by Secretary Board of Investment (BOI), Mushtaq Malik on Wednesday visited the World Trade Centre Islamabad and also reviewed the construction work on the ongoing commercial and housing projects of Al Ghurair Giga Pakistan (P
Published 03 Jan, 2008 12:00am
Polls postponement opposed

Polls postponement opposed

Javed Hashmi, vice-president of PML-N, has opposed the postponement of general elections, describing it as harmful to the country's stability, integrity, and spirit of free, fair and impartial elections.
Published 03 Jan, 2008 12:00am
Nawaz termed symbol of federation

Nawaz termed symbol of federation

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has urged the countrymen to support and strengthen the hands of Nawaz Sharif who is symbol of federation and waging a just struggle for ensuring bright future of the country.
Published 03 Jan, 2008 12:00am
LHC proceedings adjourned

LHC proceedings adjourned

The Lahore High Court has on Wednesday adjourned to January 4 the proceedings in a petition field by Anjum Naseem Pawar, an independent candidate from NA-82 Faisalabad, who sought the court's direction to direct the Election Commission to postpone the ele
Published 03 Jan, 2008 12:00am
Rahimtoola elected as PSAA chairman

Rahimtoola elected as PSAA chairman

Farooque H Rahimtoola and Rear Admiral (Retd) S H Khalid have been elected as a chairman and vice chairman of the Pakistan Ships Agents' Association (PSAA) for the year 2008 respectively, says a Press Release.
Published 03 Jan, 2008 12:00am
Normalcy returns to Karachi

Normalcy returns to Karachi

Life in Karachi returned to normal on Wednesday after seven days of unrest and six days of complete closure of banking and other financial and commercial institutions. During these days of unrest in the city articles of daily use had virtually disappeared
Published 03 Jan, 2008 12:00am
Two brothers, woman killed

Two brothers, woman killed

Two brothers and a lady dancer were killed, while five others, including a lady singer were sustained serious injuries, when some jubilant participants opened fire in a wedding party in Buraj Mandi, here on late Tuesday.
Published 03 Jan, 2008 12:00am
Liaquat Bagh tragedy: industrialists asked to report losses

Liaquat Bagh tragedy: industrialists asked to report losses

Governor Sindh, Dr Ishrat-ul-Ibad Khan has advised Minister for Industries to prepare a report of losses incurred by industrialists after the December 27 incident He gave this advice during a meeting with delegation of Korangi Association of Trade and Ind
Published 03 Jan, 2008 12:00am
Cotton import up by 107 percent in five months

Cotton import up by 107 percent in five months

The shortfall in cotton crop has increased the country's dependency on the imported commodity, which has gone up by 107 percent during the first five months of current fiscal year, traders said on Wednesday. They said that rising demand of raw cotton by t
Published 03 Jan, 2008 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 Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Cotton import up by 107 percent in five months

Cotton import up by 107 percent in five months

The shortfall in cotton crop has increased the country's dependency on the imported commodity, which has gone up by 107 percent during the first five months of current fiscal year, traders said on Wednesday. They said that rising demand of raw cotton by t
Published 03 Jan, 2008 12:00am
Cotton import up by 107 percent in five months

Cotton import up by 107 percent in five months

The shortfall in cotton crop has increased the country''s dependency on the imported commodity, which has gone up by 107 percent during the first five months of current fiscal year, traders said on Wednesday. They said that rising demand of raw cotton by
Published 03 Jan, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Gold soars to record Rs 16,542 per 10 grams

Gold soars to record Rs 16,542 per 10 grams

Gold has hit the new highest level of Rs 16,542 per 10 grams following the world market, where it was traded at $841 per ounce, traders said on Wednesday. After the historic high, gold was traded at Rs 16,542 per 10 grams mounting by Rs 85 from the Tuesda
Published 03 Jan, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Gold soars to record Rs 16,542 per 10 grams

Gold soars to record Rs 16,542 per 10 grams

Gold has hit the new highest level of Rs 16,542 per 10 grams following the world market, where it was traded at $841 per ounce, traders said on Wednesday. After the historic high, gold was traded at Rs 16,542 per 10 grams mounting by Rs 85 from the Tuesda
Published 03 Jan, 2008 12:00am
Gold soars to record Rs 16,542 per 10 grams

Gold soars to record Rs 16,542 per 10 grams

Gold has hit the new highest level of Rs 16,542 per 10 grams following the world market, where it was traded at $841 per ounce, traders said on Wednesday. After the historic high, gold was traded at Rs 16,542 per 10 grams mounting by Rs 85 from the Tuesda
Published 03 Jan, 2008 12:00am
Bears reign supreme: KSE-100 index loses another 313.05 points

Bears reign supreme: KSE-100 index loses another 313.05 points

The benchmark KSE-100 index lost another 313.05 points to close at 13,353.38 points level as a bearish trend continued on Karachi share market for the third consecutive day on Wednesday due to prevailing political uncertainty in the country after the assa
Published 03 Jan, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Bears reign supreme: KSE-100 index loses another 313.05 points

Bears reign supreme: KSE-100 index loses another 313.05 points

The benchmark KSE-100 index lost another 313.05 points to close at 13,353.38 points level as a bearish trend continued on Karachi share market for the third consecutive day on Wednesday due to prevailing political uncertainty in the country after the assa
Published 03 Jan, 2008 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 Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Bears reign supreme: KSE-100 index loses another 313.05 points

Bears reign supreme: KSE-100 index loses another 313.05 points

The benchmark KSE-100 index lost another 313.05 points to close at 13,353.38 points level as a bearish trend continued on Karachi share market for the third consecutive day on Wednesday due to prevailing political uncertainty in the country after the assa
Published 03 Jan, 2008 12:00am
BRIndex30 sheds 547.56 points

BRIndex30 sheds 547.56 points

On Wednesday, BRIndex30 opened in the negative zone at 14,844.94. It closed at 14,237.85 with a net negative change of -547.56 points and percentage change of -3.70. It recorded intra-day high of 14,898.57 and intra-day low of 14,224.18 with volume of 160
Published 03 Jan, 2008 12:00am
BRIndex30 sheds 547.56 points

BRIndex30 sheds 547.56 points

On Wednesday, BRIndex30 opened in the negative zone at 14,844.94. It closed at 14,237.85 with a net negative change of -547.56 points and percentage change of -3.70. It recorded intra-day high of 14,898.57 and intra-day low of 14,224.18 with volume of 160
Published 03 Jan, 2008 12:00am
Outlook 2008: currencies and gold

Outlook 2008: currencies and gold

Currency Market Associates (CMKA) has a cautious outlook for Pakistan for the calendar year 2008. Risk of spillover effect of global credit crunch led by US housing slump and now political developments in the country could destabilise the economic growth,
Published 03 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Outlook 2008: currencies and gold

Outlook 2008: currencies and gold

Currency Market Associates (CMKA) has a cautious outlook for Pakistan for the calendar year 2008. Risk of spillover effect of global credit crunch led by US housing slump and now political developments in the country could destabilise the economic growth,
Published 03 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Outlook 2008: currencies and gold

Outlook 2008: currencies and gold

Currency Market Associates (CMKA) has a cautious outlook for Pakistan for the calendar year 2008. Risk of spillover effect of global credit crunch led by US housing slump and now political developments in the country could destabilise the economic growth,
Published 03 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
The tangle of natural gas supplies

The tangle of natural gas supplies

Asia and European consumers of natural gas, situated close to world's largest reserves in Russia, Central Asia and the Gulf Region, are in a state of not being able to decide what to do in a difficult situation in relation to uncertainties about dependabi
Published 03 Jan, 2008 12:00am
The tangle of natural gas supplies

The tangle of natural gas supplies

Asia and European consumers of natural gas, situated close to world's largest reserves in Russia, Central Asia and the Gulf Region, are in a state of not being able to decide what to do in a difficult situation in relation to uncertainties about dependabi
Published 03 Jan, 2008 12:00am
The tangle of natural gas supplies

The tangle of natural gas supplies

Asia and European consumers of natural gas, situated close to world''s largest reserves in Russia, Central Asia and the Gulf Region, are in a state of not being able to decide what to do in a difficult situation in relation to uncertainties about dependab
Published 03 Jan, 2008 12:00am
Oil hits 100 dollars for first time in history

Oil hits 100 dollars for first time in history

Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said. US crude gained $4.02 to $100 a barrel by 12:13 EST (1713 GMT). London Brent crud
Published 03 Jan, 2008 12:00am
Oil hits 100 dollars for first time in history

Oil hits 100 dollars for first time in history

Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said. US crude gained $4.02 to $100 a barrel by 12:13 EST (1713 GMT). London Brent crud
Published 03 Jan, 2008 12:00am
Oil hits 100 dollars for first time in history

Oil hits 100 dollars for first time in history

Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said. US crude gained $4.02 to $100 a barrel by 12:13 EST (1713 GMT). London Brent crud
Published 03 Jan, 2008 12:00am
50 big construction companies wind up mega projects

50 big construction companies wind up mega projects

Due to current political situation, 50 prominent construction companies have wound up their mega housing projects across the metropolis, it is reliably learnt. Talking to Business Recorder Hafeez-ur-Rehman Butt, former chairman, Association of Buil
Published 03 Jan, 2008 12:00am
Revenue target may be reduced to Rs 1 trillion

Revenue target may be reduced to Rs 1 trillion

The Federal Board of Revenue (FBR) may revise downward the revenue collection target for current fiscal year 2007-08, from Rs 1.025 trillion to Rs 1 trillion due to standstill economic situation in the country.
Published 03 Jan, 2008 12:00am
Revenue target may be reduced to Rs 1 trillion

Revenue target may be reduced to Rs 1 trillion

The Federal Board of Revenue (FBR) may revise downward the revenue collection target for current fiscal year 2007-08, from Rs 1.025 trillion to Rs 1 trillion due to standstill economic situation in the country.
Published 03 Jan, 2008 12:00am
Revenue target may be reduced to Rs 1 trillion

Revenue target may be reduced to Rs 1 trillion

The Federal Board of Revenue (FBR) may revise downward the revenue collection target for current fiscal year 2007-08, from Rs 1.025 trillion to Rs 1 trillion due to standstill economic situation in the country.
Published 03 Jan, 2008 12:00am
Supreme Court recalls its order of senior officials' suspension

Supreme Court recalls its order of senior officials' suspension

The Supreme Court on Wednesday recalled its order of October 1, 2007 to suspend senior officials of Islamabad administration for using force against journalists, lawyers and members of civil society on September 29 before the Election Commission building.
Published 03 Jan, 2008 12:00am
Supreme Court recalls its order of senior officials' suspension

Supreme Court recalls its order of senior officials' suspension

The Supreme Court on Wednesday recalled its order of October 1, 2007 to suspend senior officials of Islamabad administration for using force against journalists, lawyers and members of civil society on September 29 before the Election Commission building.
Published 03 Jan, 2008 12:00am
27 militants killed in South Waziristan

27 militants killed in South Waziristan

At least 27 militants were killed in two days of clashes in restive South Waziristan tribal district, a military official told AFP on Wednesday. The clashes broke out after militants kidnapped four soldiers in the troubled South Waziristan tribal district
Published 03 Jan, 2008 12:00am
27 militants killed in South Waziristan

27 militants killed in South Waziristan

At least 27 militants were killed in two days of clashes in restive South Waziristan tribal district, a military official told AFP on Wednesday. The clashes broke out after militants kidnapped four soldiers in the troubled South Waziristan tribal district
Published 03 Jan, 2008 12:00am
Five thermal power projects to be completed in 2008-09

Five thermal power projects to be completed in 2008-09

Caretaker Minister for Water and Power Tariq Hamid has said the construction of five thermal power projects of 1200 MW capacity will be completed in 2008-09. He said this during a visit to the site of under-construction plant of Attock General Limited alo
Published 03 Jan, 2008 12:00am
IPI gas line to bring countries closer: Iranian envoy

IPI gas line to bring countries closer: Iranian envoy

The Ambassador of Iran, Mashallah Shakeri, has said that Iran-Pakistan-India (IPI) gas pipeline will not only open new avenues of co-operation among the member states but will also help bring the regional countries closer.
Published 03 Jan, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 03 Jan, 2008 12:00am
KSE members advised to submit capital balance sheet

KSE members advised to submit capital balance sheet

Karachi Stock Exchange (KSE) has asked all its members to submit capital adequacy requirement certificates of net capital balance as on December 31, 2007 before March 31. In a notice issued on Wednesday, the KSE warned the members that a penalty of Rs 5,0
Published 03 Jan, 2008 12:00am
KSE members advised to submit capital balance sheet

KSE members advised to submit capital balance sheet

Karachi Stock Exchange (KSE) has asked all its members to submit capital adequacy requirement certificates of net capital balance as on December 31, 2007 before March 31. In a notice issued on Wednesday, the KSE warned the members that a penalty of Rs 5,0
Published 03 Jan, 2008 12:00am
KSE members advised to submit capital balance sheet

KSE members advised to submit capital balance sheet

Karachi Stock Exchange (KSE) has asked all its members to submit capital adequacy requirement certificates of net capital balance as on December 31, 2007 before March 31. In a notice issued on Wednesday, the KSE warned the members that a penalty of Rs 5,0
Published 03 Jan, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (January 02, 2008).
Published 03 Jan, 2008 12:00am
Bush to urge Middle East to help Afghanistan

Bush to urge Middle East to help Afghanistan

US President George W. Bush on Wednesday told President Hamid Karzai of Afghanistan that he would use a visit to the Middle East next week to build support for the strife-torn country, the White House said.
Published 03 Jan, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 03 Jan, 2008 12:00am
Bush to urge Middle East to help Afghanistan

Bush to urge Middle East to help Afghanistan

US President George W. Bush on Wednesday told President Hamid Karzai of Afghanistan that he would use a visit to the Middle East next week to build support for the strife-torn country, the White House said.
Published 03 Jan, 2008 12:00am
ICCI condemned price hike of commercial industrial gas rates

ICCI condemned price hike of commercial industrial gas rates

President Islamabad Chamber of Commerce and Industry Muhammad Ijaz Abbasi showed his great concern over the increase of commercial, industrial gas rates from Ogra. He added that Pakistani industries are facing lot of difficulties to compete the internatio
Published 03 Jan, 2008 12:00am
Gas tariff rates hike affects exports

Gas tariff rates hike affects exports

The increase in gas tariff rates will adversely affect the textile industry which is already losing its export share in the international market due to tough regional competition. Gas tariff rates have registered increase by about 30.9 percent from the ye
Published 03 Jan, 2008 12:00am