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Print - 2008-01-04
Political parties condemn poll postponement

Political parties condemn poll postponement

With the exception of the Pakistan Muslim League-Quaid (PML-Q) and APDM, the rest of political parties taking part in the upcoming general elections unanimously condemned the polls postponement till February 18. The Election Commission (EC) on Wednesday a
Published 04 Jan, 2008 12:00am
No stable Pakistan if Musharraf stays: think tank

No stable Pakistan if Musharraf stays: think tank

President Pervez Musharraf must quit if Pakistan is to regain stability in the wake of the assassination of opposition leader Benazir Bhutto, a think-tank said on Thursday.
Published 04 Jan, 2008 12:00am
NTCHIP Vision 2030: government plans to double the trade to GDP ratio

NTCHIP Vision 2030: government plans to double the trade to GDP ratio

Under the strategic framework of National Trade Corridor Highway Investment Programme "Vision 2030" government has planned to raise the trade to gross domestic product (GDP) ratio from 30 percent to about 60 percent, which would be equivalent to $600 bill
Published 04 Jan, 2008 12:00am
Political crisis appears to ease after vote date set

Political crisis appears to ease after vote date set

Pakistan's political crisis appeared to stabilise on Thursday with parties looking ahead to elections in which the party of assassinated opposition leader Benazir Bhutto is set to make gains.
Published 04 Jan, 2008 12:00am
Musharraf on horns of poll dilemma: analysts

Musharraf on horns of poll dilemma: analysts

Even if Pakistan had held elections on time instead of delaying them in the wake of the chaos unleashed by Benazir Bhutto's killing, President Pervez Musharraf was set to lose, analysts say.
Published 04 Jan, 2008 12:00am
Lack of transport hits supply of tomatoes

Lack of transport hits supply of tomatoes

Non-availability of transportation has badly hit the supply of tomatoes and onions from interior Sindh to Karachi. The disturbed supplies have caused shortage of tomatoes and onions in Karachi, while the growers also suffered losses, a private TV channel
Published 04 Jan, 2008 12:00am
Tevta, UET, Octane ink MoU today

Tevta, UET, Octane ink MoU today

A Memorandum of Understanding (MoU) will be signed on Friday (today) between the Technical Education and Vocational Training Authority (Tevta), the Octane Solutions and the Department of Mechanical Engineering, University of Engineering and Technology (UE
Published 04 Jan, 2008 12:00am
Delay will prove dangerous: PML-N

Delay will prove dangerous: PML-N

Pakistan Muslim League-Nawaz finance secretary Muhammad Pervaiz Malik has said that delaying the general elections will prove dangerous. He told his party workers that the decision to put off the polls was taken without taking the mainstream political par
Published 04 Jan, 2008 12:00am
PPP Punjab executive body meeting on January 7

PPP Punjab executive body meeting on January 7

Pakistan People's Party Punjab President Shah Mahmood Qureshi has said the postponement of the general elections is against the people's wishes. He told his party spokesman on Thursday that the party would win the polls with a landslide victory and critic
Published 04 Jan, 2008 12:00am
PPP workers stunned at Zardari's induction

PPP workers stunned at Zardari's induction

The shifting of 'PPP crown" from Bhutto dynasty to Zardari not only stunned party workers at large scale, but also established a bond of anxiety for future party existence in continuation with Shaheed ZA Bhutto and Benazir Bhutto's political legacy, it is
Published 04 Jan, 2008 12:00am
Lawyers boycott courts to express solidarity with PPP

Lawyers boycott courts to express solidarity with PPP

The lawyers' community boycotted courts to express solidarity with the Pakistan People's Party over the Bhutto killing. Bar members also staged a rally on the Mall, chanting slogans against the government and President Pervez Musharraf and also demanded a
Published 04 Jan, 2008 12:00am
MBBS exams re-scheduled

MBBS exams re-scheduled

MCQ theory programme of first professional MBBS (Part-II) Annual Examination of 2008 re-scheduled. Now the examination will be held from 22-01-08 at Liaquat University of Medical and Health Sciences Jamshoro, Chandka Medical College Larkana, Nawabshah Med
Published 04 Jan, 2008 12:00am
Students asked to deposit fees

Students asked to deposit fees

The Director, Admissions, University of Sindh has advised that candidates who appeared in the pre-entry tests for admissions leading to bachelors and masters degree programs, 2008 but failed to be short-listed, should deposit admission fees so that they c
Published 04 Jan, 2008 12:00am
LUMHC exams to start from January 10

LUMHC exams to start from January 10

Liaquat University of Medical and Health Sciences (LUMHC), Jamshoro, has announced that the theory examination of post-graduate diploma courses, October Examination 2007, will be held on 10th Jan, 2008 at the university campus at 10:00 am.
Published 04 Jan, 2008 12:00am
British High Commissioner calls on Nawaz Sharif

British High Commissioner calls on Nawaz Sharif

British High Commissioner Robert Brinkley called on Pakistan Muslim League (N) Quaid Mian Nawaz Sharif at his residence on Thursday. According to details, the two leaders exchanged views about various issues including current situation, delay of the gener
Published 04 Jan, 2008 12:00am
Goods transporters claim Rs 10 billion losses

Goods transporters claim Rs 10 billion losses

Karachi Goods Carriers Association (KGCA) has claimed that goods transporters had sustained estimated financial loss of Rs 10 billion due to burning down of hundreds of loaded trailer-trucks. KGCA leaders demanded early compensation of their losses.
Published 04 Jan, 2008 12:00am
Telenor restores cellular services

Telenor restores cellular services

The technical teams of Telenor Pakistan are busy in restoring uninterrupted cellular service to all its customers. Frequent cuts in PTCL's fiber-optic link over the past few days have resulted in communication issues for some of Telenor Pakistan customers
Published 04 Jan, 2008 12:00am
Tragedy of Rawalpindi: Taluka-wise committees formed to assess losses

Tragedy of Rawalpindi: Taluka-wise committees formed to assess losses

The District Co-ordination Officer Hyderabad Aftab Ahmed Khatri has constituted Taluka-wise committees headed by D.D.O. Revenue concerned for conducting survey of losses/damages caused to private and public properties either immovable or moveable during r
Published 04 Jan, 2008 12:00am
KW&SB fails to recover Rs 35.3 billion dues

KW&SB fails to recover Rs 35.3 billion dues

The Karachi Water and Sewerage Board (KW&SB) has failed to recover outstanding dues of Rs 35.357 billion pending against 17 departments of the federal government, well-placed sources told Business Recorder on Thursday.
Published 04 Jan, 2008 12:00am
Aptma slams Lesco, SNGPL business policy

Aptma slams Lesco, SNGPL business policy

All Pakistan Textile Mills Association (Aptma) Punjab Zone members have strongly condemned non-friendly business policy of Lahore Electricity Supply Company (Lesco) and Sui Northern Gas Pipeline Limited (SNGPL).
Published 04 Jan, 2008 12:00am
Aptma gets new chairman

Aptma gets new chairman

Muhammad Iqbal of Al-Karam Textile Mills (Pvt) Limited, Karachi has assumed the office of Chairman, All Pakistan Textile Mills Association (Aptma) for the term 2007-08. Muhammad Iqbal was elected unopposed for this position and has taken-up the charge wit
Published 04 Jan, 2008 12:00am
Humayun takes charge as director general PERRA

Humayun takes charge as director general PERRA

Muhammad Humayun, new Director General of Provincial Earthquake Rehabilitation and Reconstruction Agency (PERRA) assumed the charge of his office here on Thursday. According to an official handout he replaced Habibullah Khan who has been posted as an Addi
Published 04 Jan, 2008 12:00am
Stage set for Pak-India trade across LoC

Stage set for Pak-India trade across LoC

Indian Minister of State for Commerce Jairam Ramesh said India and Pakistan would soon finalise arrangements for trade across Line of Control (LoC) in disputed Jammu and Kashmir. Talking to newsmen here, he said "basic agreement is done, both parties beli
Published 04 Jan, 2008 12:00am
Outgoing Sindh Ombudsman to get new post

Outgoing Sindh Ombudsman to get new post

Sindh Ombudsman, Yousuf Jamal on Thursday resigned as he is being given an important assignment, the outgoing Ombudsman told APP by telephone. The former Inspector General of Sindh Police Asad Ashraf Malik has replaced him. The new Provincial Ombudsman ha
Published 04 Jan, 2008 12:00am
CCP dismisses textile mills' petition against MCA penalty

CCP dismisses textile mills' petition against MCA penalty

The Competition Commission of Pakistan (CCP) has dismissed the petition of M/s. Rizwan Textile Mills Limited against the penalty imposed on the Mills on 30 April, 2007 by Monopoly Control Authority (MCA) for non supplying information and non-compliance of
Published 04 Jan, 2008 12:00am
NVM to train volunteers

NVM to train volunteers

The country is passing through a critical phase as law and order is deteriorating hence it is essential to train the youth to serve the nation in disaster-like situations, said the caretaker Federal Minister for Youth Affairs, Barrister Mohammad Ali Saif
Published 04 Jan, 2008 12:00am
Countrywide rains likely from today

Countrywide rains likely from today

The much needed widespread rains and snowfalls on hill tops start from Friday night which would brighten prospects of good wheat crop in the country, the Meteorological department said here Thursday evening.
Published 04 Jan, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (January 03, 2008) and the forecast for Friday (January 04, 2008).
Published 04 Jan, 2008 12:00am
Slain PPP chairperson: Bangladesh political parties record condolences

Slain PPP chairperson: Bangladesh political parties record condolences

Pakistan High Commission here succeeded in getting two mainstream political parties, the Awami League (AL) and the Bangladesh National Party (BNP) to record grief and sorrow for the slain PPP Chairperson Benazir Bhutto in the condolence book at the Chance
Published 04 Jan, 2008 12:00am
New York cotton

New York cotton

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

Published 04 Jan, 2008 12:00am
ZAB birth anniversary on January 5

ZAB birth anniversary on January 5

The country will celebrate the birth anniversary of Pakistan People's Party (PPP) founder Zulfikar Ali Bhutto on January 5 amid mourning for the slain former premier and his daughter, Benazir. PPP Punjab Chief Shah Mahmood Qureshi has ordered his activist
Published 04 Jan, 2008 12:00am
New York cotton

New York cotton

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

Published 04 Jan, 2008 12:00am
Asfandyar condoles with Asif Zardari

Asfandyar condoles with Asif Zardari

The central president of Awami National Party (ANP), Senator Asfandyar Wali, on Thursday, visited the Bhutto House Naudero and offered condolences to co-chairman of PPP Asif Ali Zardari on the tragic demise of PPP chairperson Mohtarma Benazir Bhutto.
Published 04 Jan, 2008 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 04 Jan, 2008 12:00am
Railways suspends 11 trains

Railways suspends 11 trains

Pakistan Railways (PR) on Thursday suspended temporarily the operation of 11 sets of trains with aim to divert ceased rakes on the major tracks of the country. According the Pakistan Railways the operation of 11 trains was suspended to make available the
Published 04 Jan, 2008 12:00am
'Benazir's killing an irreparable loss'

'Benazir's killing an irreparable loss'

Founders' Senior Vice-President Haji Muhammad Asif has said the Benazir Bhutto's killing has caused an irreparable damage to the country. "The country has been deprived of a great leader. Her mission was to end terrorism and ensure the progress of democra
Published 04 Jan, 2008 12:00am
''Benazir''s slaying threatens to derail country''s economy''

''Benazir''s slaying threatens to derail country''s economy''

The assassination of opposition leader Benazir Bhutto threatens to derail the country''s strong economic performance of the past five years that had been partly fuelled by foreign investors. A national election to return the country to civilian rule has b
Published 04 Jan, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 03, 2008).

Published 04 Jan, 2008 12:00am
'Benazir's slaying threatens to derail country's economy'

'Benazir's slaying threatens to derail country's economy'

The assassination of opposition leader Benazir Bhutto threatens to derail the country's strong economic performance of the past five years that had been partly fuelled by foreign investors. A national election to return the country to civilian rule has be
Published 04 Jan, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (January 03, 2008) and for Friday (January 04, 2008).
Published 04 Jan, 2008 12:00am
'Benazir's slaying threatens to derail country's economy'

'Benazir's slaying threatens to derail country's economy'

The assassination of opposition leader Benazir Bhutto threatens to derail the country's strong economic performance of the past five years that had been partly fuelled by foreign investors. A national election to return the country to civilian rule has be
Published 04 Jan, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 03, 2008).

Published 04 Jan, 2008 12:00am
SCCI to introduce micro credit scheme

SCCI to introduce micro credit scheme

Sialkot Chamber of Commerce and Industry (SCCI) is actively considering to introduce its micro credit scheme in Sialkot shortly, revealed newly elected president Dr Khurram Anwar Khawaja.
Published 04 Jan, 2008 12:00am
Khar wishes Zardari's success as PPP co-chairman

Khar wishes Zardari's success as PPP co-chairman

Former Punjab governor Malik Ghulam Mustafa Khar said no one is left in PPP to follow the lines of Bhuttoism and prayed for PPP Co-chairman Asif Ali Zardari for his success, saying it is because the failure of both the father and the son to bring politica
Published 04 Jan, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 03, 2008).

Published 04 Jan, 2008 12:00am
Farmers facing DAP shortage for wheat sowing

Farmers facing DAP shortage for wheat sowing

Farmers of Southern Punjab are facing hardships in getting Di-ammonium Phosphate (DAP) fertilisers for wheat sowing even on higher prices as international prices of Di-ammonium Phosphate (DAP) fertiliser have surged more than double during the last year,
Published 04 Jan, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 03, 2008).

Published 04 Jan, 2008 12:00am
Paramedic's polls schedule revised

Paramedic's polls schedule revised

Provincial Paramedical Association NWFP, Election Committee Chairman Syed Roedad Shah and members of the association have changed the election date earlier scheduled for January 12 on the request of the Presidential candidate of Paramedical Dost Group, Ha
Published 04 Jan, 2008 12:00am
Japan to support Al-Shifa Trust to combat blindness

Japan to support Al-Shifa Trust to combat blindness

The Government of Japan has expressed its interest to expand its co-operation with Al-Shifa Trust Eye Hospital to eradicate blindness in the country. The Japanese diplomat said during a visit to Al-Shifa Trust Eye Hospital, Rawalpindi.
Published 04 Jan, 2008 12:00am
Railways to run more trains for Karachi

Railways to run more trains for Karachi

Pakistan Railways has announced to run more trains from different cities of the country for Karachi to facilitate people. According to Railways sources here, 165-Up/166-Down Qalandar Express on Thursday operated between Larkana and Dadu while 19-Up/20-Dow
Published 04 Jan, 2008 12:00am
THE RUPEE: dollar up in interbank market

THE RUPEE: dollar up in interbank market

The dollar was higher against the rupee in the interbank market on Thursday as importers' rush increased for the US currency, dealers said. In the interbank market, the rupee gave up its overnight gains due to rising demand for the greenback, dropping nin
Published 04 Jan, 2008 12:00am
Powerloom workers protest loadshedding

Powerloom workers protest loadshedding

More than 2000 workers of powerlooms held a big rally started from Ansar Chowk to Shah Rukn-i-Alam here on Thursday. The rally led by Khaliq Qandeel Ansari central Secretary General of All Pakistan Powerlooms Association (APPA), Haji Bashir Pehalwan, Haji
Published 04 Jan, 2008 12:00am
THE RUPEE: dollar up in interbank market

THE RUPEE: dollar up in interbank market

The dollar was higher against the rupee in the interbank market on Thursday as importers' rush increased for the US currency, dealers said. In the interbank market, the rupee gave up its overnight gains due to rising demand for the greenback, dropping nin
Published 04 Jan, 2008 12:00am
CJP condoles death of Jawwad Ghafoor

CJP condoles death of Jawwad Ghafoor

Chief Justice of Pakistan Justice Abdul Hameed Dogar has expressed his profound grief over the demise of younger brother of Justice Mian Hamid Farooq, judge of the Supreme Court.
Published 04 Jan, 2008 12:00am
SOS to Soomro: textile exporters facing multiple difficulties

SOS to Soomro: textile exporters facing multiple difficulties

Pakistan Textile Exporters Association (PTEA) have demanded special arrangements for the delayed export consignments from upcountry held up due to communication disruption, looting and arson and severe electricity and gas load-shedding incidents.
Published 04 Jan, 2008 12:00am
Housing sector uplift government's top priority: minister

Housing sector uplift government's top priority: minister

The government is giving full attention on the development of housing and construction industry to provide better residential facilities to people, said Caretaker Federal Minister for Housing and Works, Nasir Muhammd Khan on Thursday.
Published 04 Jan, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (January 03, 2008).

Published 04 Jan, 2008 12:00am
62 killed, 183 injured in Kurram Agency turmoil

62 killed, 183 injured in Kurram Agency turmoil

The situation in Kurram Agency is under the control of the administration and no untoward incident of firing and clashes had been reported from any affected areas for the last few days, an official statement said here on Thursday.
Published 04 Jan, 2008 12:00am
CCIS to make CDGK officials accessible to people: Kamal

CCIS to make CDGK officials accessible to people: Kamal

The Nazim, City District Government Karachi (CDGK), Syed Mustafa Kamal on Thursday has said that the CDGK's Citizen's Complaints Information System (CCIS), 1339 has simplified people's access to the city nazim, DCO, MD KWSB, Town nazims and other high-ups
Published 04 Jan, 2008 12:00am
Shujaat urges PPP leadership to quit blame-games

Shujaat urges PPP leadership to quit blame-games

President Pakistan Muslim League (Q) Chaudhary Shujaat Hussain on Thursday urged the leadership of Pakistan Peoples Party Parliamentarians to quit the blames' game to promote the culture of reconciliation in the country.
Published 04 Jan, 2008 12:00am
Kashmiris to observe right of self-determination day on January 5

Kashmiris to observe right of self-determination day on January 5

The Kashmiris across the Line of Control (LoC) and all over the world will observe January 5, Saturday as the day of "right of self-determination". Kashmiris observe the day to remind UN and international community of their mandatory and obligatory role f
Published 04 Jan, 2008 12:00am
Sherpao for peace in Kurram Agency

Sherpao for peace in Kurram Agency

Chairman of Sherpao faction of Pakistan Peoples Party Aftab Ahmad Khan Sherpao on Thursday expressed grave concern over the prevailing worst law and order situation in Kurram Agency and said there was need for concrete steps for long lasting peace in the
Published 04 Jan, 2008 12:00am
'Recovered-looted valuables worth Rs 12.5 million returned to owners'

'Recovered-looted valuables worth Rs 12.5 million returned to owners'

The Deputy Inspector General Police, Operations, Hyderabad Range, Commander Shaukat Ali Shah (Retd) has claimed that out of Rs 92 millions valuables, which looted by the armed persons during violence after tragic incident of December, 27, the looted booty
Published 04 Jan, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jan, 2008 12:00am
PPP rejects Scotland Yard probe, demands UN investigation

PPP rejects Scotland Yard probe, demands UN investigation

Pakistan Peoples Party (PPP), while rejecting investigation into Benazir Bhutto's assassination by Scotland Yard, as announced by President Musharraf, has demanded the probe should be carried out by a United Nations (UN) team.
Published 04 Jan, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jan, 2008 12:00am
Diplomats visit Bilawal House

Diplomats visit Bilawal House

Diplomats including Consul Generals and Deputy High Commissioners representing several countries including United States, United Kingdom, United Arab Emirates and others visited Bilawal House on Thursday and wrote their condolences at a condolence book sp
Published 04 Jan, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jan, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (January 03, 2008).

Published 04 Jan, 2008 12:00am
Gangs of drug smugglers smashed, claims ANF

Gangs of drug smugglers smashed, claims ANF

The Anti-Narcotics Force (ANF) has recovered 45 kilograms heroin, 86 kilograms charas, nine kilograms opium, impounded three vehicles and arrested 30 drug smugglers, including four foreigners, in 18 different operations against gangs of drug smugglers.
Published 04 Jan, 2008 12:00am
Seven outlaws held, six cars recovered

Seven outlaws held, six cars recovered

Rawalpindi police have busted two gangs of criminals and arrested seven outlaws besides and also recovered total six cars, 20 mobile phones, 5 pistols, 3 knives and 100 rounds from their possession.
Published 04 Jan, 2008 12:00am
Security arrangements for Muharram finalised

Security arrangements for Muharram finalised

The Islamabad Capital Territory (ICT) administration has chalked out 'Code of Ethics' and comprehensive security arrangements for the processions and gatherings during Moharram.
Published 04 Jan, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jan, 2008 12:00am
Hub blast leaves five injured

Hub blast leaves five injured

The explosive device was planted in a motorcycle exploded at Gadamo bus stop near Hub Chowki leaving five pedestrians injured on Thursday evening. The bomb was exploded by a remote control device, which created huge bang at around 7.30 PM where lesser num
Published 04 Jan, 2008 12:00am
PAPAMA concerned over frequent load-shedding

PAPAMA concerned over frequent load-shedding

The Pakistan Automotive Parts and Accessories Manufacturers Association (PAPAMA) has aired concern over the unscheduled load-shedding making the auto industry suffer. Chairman Malik Muhammad Aslam and other office bearers in a statement said the load-shed
Published 04 Jan, 2008 12:00am
Professor Kamran new Punjab University vice chancellor

Professor Kamran new Punjab University vice chancellor

Governor Khalid Maqbool has named Professor Dr Mujahid Kamran as the Punjab University vice chancellor following a recommendation by the Higher Education Commission's vice chancellor's Search Committee. Professor Kamran was serving as Department of Physic
Published 04 Jan, 2008 12:00am
FPCCI expresses concern over law, order situation

FPCCI expresses concern over law, order situation

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Thursday expressed concern over the deteriorating law and order across the country and said it had adversely affected the national economy.
Published 04 Jan, 2008 12:00am
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