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Print - 2008-01-26
Electioneering in Sialkot gaining momentum

Electioneering in Sialkot gaining momentum

Electioneering in Sialkot district has gained momentum as the candidates contesting for National and provincial assemblies have resumed their campaign after the Ashura and holding corner meetings in their respective constituents.
Published 26 Jan, 2008 12:00am
SME zone, labour colony to be set up near Multan

SME zone, labour colony to be set up near Multan

The Punjab government has sanctioned projects of small and medium enterprises zone and a labour colony near here, and these would be executed simultaneously very soon, said provincial minister for industries Khwaja Muhammad Jalaluddin Roomi while talking
Published 26 Jan, 2008 12:00am
Next parliament to be short-lived: Rashid

Next parliament to be short-lived: Rashid

Former federal minister and candidate for NA-55 and 56 Sheikh Rashid Ahmad has said that the coming parliament would be with very short period because no political party might succeed to get overwhelming majority in the elections to form and run the gover
Published 26 Jan, 2008 12:00am
JICA to hold workshop on landslide hazards

JICA to hold workshop on landslide hazards

Japan International Co-operation Agency (JICA) in collaboration with National Highway Authority (NHA) and Geological Survey of Pakistan (GSP) will hold a two day workshop on monitoring, prediction and mitigation of Landslide Hazards at auditorium of NHA,
Published 26 Jan, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (January 25, 2008).

Published 26 Jan, 2008 12:00am
Kisan Board threatens Agitation

Kisan Board threatens Agitation

Pakistan Kissan Board has threatened to launch a drive from February 10 against the Government as a protest against the long duration of power-load shedding, non availability of well-germinated seed, good quality fertilisers on reasonable price and non-av
Published 26 Jan, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jan, 2008 12:00am
ZTBL recovers Rs 63 billion in 2007

ZTBL recovers Rs 63 billion in 2007

The Zarai Taraqiati Bank Limited (ZTBL) has recovered Rs 63 billion in 2007 with a significant growth of 25% as against Rs 50 billion recovered during the corresponding period last year. Rs 13 billion increase in recovery is the highest ever which also in
Published 26 Jan, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jan, 2008 12:00am
Winter youth camp from today

Winter youth camp from today

A two-day annual winter youth training camp will be organised by the Pakistan Red Crescent Society, Sindh Provincial Branch, from Saturday (today). An announcement to this effect was made in a statement issued here on Friday.
Published 26 Jan, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Jan, 2008 12:00am
NAB arrests Customs official on corruption charges

NAB arrests Customs official on corruption charges

National Accountability Bureau (Sindh) has arrested Syed Hamid Umer, Principal Appraiser Customs on the charges of corruption and corrupt practice. He was involved in accumulation of assets and living beyond means disproportionate to his known sources of
Published 26 Jan, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (January 25, 2008).

Published 26 Jan, 2008 12:00am
US senators, HRW call welcomed

US senators, HRW call welcomed

Pakistan Peoples Party (PPP) on Friday welcomed the eight US senators and the Human Rights Watch call for a UN-sponsored probe into the assassination of former Prime Minister Benazir Bhutto. In a statement issued here the PPP said it had vindicated its po
Published 26 Jan, 2008 12:00am
Sindh university to hold one-day seminar

Sindh university to hold one-day seminar

The Department of Statistics, University of Sindh, in collaboration with the State Bank of Pakistan (SBP) will organise a one-day seminar on "Data Produced by Statistics and Data Warehouse Department".
Published 26 Jan, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 25, 2008).

Published 26 Jan, 2008 12:00am
Appointments in Urdu University postponed

Appointments in Urdu University postponed

The recruitment on several vacant posts in Federal Urdu University have been postponed for another six months, putting the future of the applicants in doldrums.
Published 26 Jan, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 25, 2008).

Published 26 Jan, 2008 12:00am
Post-December 27 losses: DCOs asked to submit reports by February 4

Post-December 27 losses: DCOs asked to submit reports by February 4

Sindh Chief Secretary Fazlur Rehman on Friday directed District Co-ordination Officers (DCOs) to individually appear and submit reports before the commission set up to ascertain the losses of life and property after the December 27 incident in Karachi and
Published 26 Jan, 2008 12:00am
PPP denies seat adjustment with any party

PPP denies seat adjustment with any party

Pakistan People's Party has refused to have seat adjustment with any political party, including PML-N, and would contest equally in every constituency from all over the country. Talking to APP, party Secretary General Jahangir Badar said that the idea had
Published 26 Jan, 2008 12:00am
Lawyer's practising license restored

Lawyer's practising license restored

A division bench of the Lahore High Court restored the practising license of the President District Bar Association Jaranwala, BK Tabish. Earlier, Justice M Bilal Khan of Lahore High Court on November 29 had suspended the practising license of Tabish, for
Published 26 Jan, 2008 12:00am
THE RUPEE: dollar unchanged on interbank

THE RUPEE: dollar unchanged on interbank

Steady trend was seen in the interbank market on Friday as the rupee retained its overnight levels against dollar for buying at 62.45 and selling at 62.48, dealers said. Easy supply of dollars provided an opportunity to the rupee to sustain its levels in
Published 26 Jan, 2008 12:00am
US Ambassador calls on Zardari

US Ambassador calls on Zardari

Ambassador of United States of America (USA) in Pakistan, Anne-W Patterson called on co-chairman, Pakistan People's Party Parliamentarians (PPPP), Asif Ali Zardari in Bilawal House here on Friday.
Published 26 Jan, 2008 12:00am
THE RUPEE: dollar unchanged on interbank

THE RUPEE: dollar unchanged on interbank

Steady trend was seen in the interbank market on Friday as the rupee retained its overnight levels against dollar for buying at 62.45 and selling at 62.48, dealers said. Easy supply of dollars provided an opportunity to the rupee to sustain its levels in
Published 26 Jan, 2008 12:00am
Hubco holds free eye clinic

Hubco holds free eye clinic

The Hub Power Company (Hubco) is holding a free eye clinic at Jam Ghulam Qadir Hospital Hub Chowki to facilitate eye examination and eye surgery from January 22 to 26, 2008. As per previous practice, the eye clinic will be conducted by the Al Ibrahim Eye
Published 26 Jan, 2008 12:00am
Anti polio 'follow-up' drive

Anti polio 'follow-up' drive

In the anti polio drive from January 22 to 24, as many as 696,247 of the target of 729,550 children in the district were administered polio vaccine, while a two-days 'follow-up' campaign aims to cover the remaining kids.
Published 26 Jan, 2008 12:00am
Computer-aided jewellery designing course

Computer-aided jewellery designing course

The Pakistan Gems and Jewellery Development Company (PGJDC) has organised a computer-aided jewellery designing course at Karachi Tools Dies & Mould Centre (KTDMC) in Korangi industrial area, Karachi.
Published 26 Jan, 2008 12:00am
'Balance of payments situation very alarming'

'Balance of payments situation very alarming'

Pakistan Social Council organised a discussion on the impact of IMF and World Bank on the economy of Pakistan, here on Friday. Reading her keynote paper, a research fellow of the Quaid-i-Azam University, Dr Noor Fatima, said that in recent past the countr
Published 26 Jan, 2008 12:00am
World Bank to conduct Pakistan's economy review on February 3-8

World Bank to conduct Pakistan's economy review on February 3-8

The World Bank (WB) will review Pakistan's economy, particularly the taxation reforms vis-à-vis recent economic developments. Sources told Business Recorder on Friday that Emesto May, Sector Director, Poverty Reduction and Economic Management, Fina
Published 26 Jan, 2008 12:00am
Only elected government to decide foreign policy: Hashmi

Only elected government to decide foreign policy: Hashmi

Pakistan Muslim League (N) would not support any foreign aid at the cost of self-esteem and only elected government after free, fair and transparent polls will decide the country's foreign policy, said Mukhdoom Javed Hashmi, senior vice president of PML-N
Published 26 Jan, 2008 12:00am
Annulment of Pemra Ordinance demanded

Annulment of Pemra Ordinance demanded

As President Pervez Musharraf struggles to keep his evaporating backing in Europe, his bitter opponents, back home, carry on digging ashes to inflame his opposition. No sooner than Musharraf left for his European tour last week, retired generals agreed on
Published 26 Jan, 2008 12:00am
Rafiud Deen elected ISE chairman

Rafiud Deen elected ISE chairman

The Islamabad Stock Exchange (ISE) has elected Rafiud Deen Ahmad as new chairman of the exchange for 2008. According to an ISE announcement on Friday, the first meeting of the board of directors of the exchange unanimously elected Rafiud Deen Ahmad as new
Published 26 Jan, 2008 12:00am
Export finance facility: Standard Chartered signs MoU with German firm

Export finance facility: Standard Chartered signs MoU with German firm

The Standard Chartered Bank (Pakistan) and DF Deutsche Forfait AG signed a Memorandum of Understanding (MoU) to launch a first of its kind export finance facility in Pakistan. The signing ceremony was held at the Governor House here on Friday night in the
Published 26 Jan, 2008 12:00am
Export finance facility: Standard Chartered signs MoU with German firm

Export finance facility: Standard Chartered signs MoU with German firm

The Standard Chartered Bank (Pakistan) and DF Deutsche Forfait AG signed a Memorandum of Understanding (MoU) to launch a first of its kind export finance facility in Pakistan. The signing ceremony was held at the Governor House here on Friday night in the
Published 26 Jan, 2008 12:00am
Pakistan may plunge into Kenya-type violence: Imran

Pakistan may plunge into Kenya-type violence: Imran

Pakistan's cricket hero-turned-politician Imran Khan called on the United States on Thursday to pressure President Pervez Musharraf to reinstate sacked top judges or face the prospect of Kenya-type post-election violence.
Published 26 Jan, 2008 12:00am
Protests target Musharraf visit to London

Protests target Musharraf visit to London

President Pervez Musharraf faced a barrage of criticism and threatened protests on Friday ahead of his arrival in London for a visit including talks with Prime Minister Gordon Brown. Human rights group Amnesty International plans a demonstration outside D
Published 26 Jan, 2008 12:00am
LHC suspends show-cause notices to constables

LHC suspends show-cause notices to constables

The Lahore High Court has suspended the operation of show-cause notices issued to 26 police constables by the department and directed the department to file its reply by February 06.
Published 26 Jan, 2008 12:00am
DAG, Rangers director general issued notices

DAG, Rangers director general issued notices

A division bench of High Court of Sindh (SHC) on Friday issued notices to Deputy Attorney General and Director General Pakistan Rangers for February 6 in a constitution petition filed by Sharjeel Inam, candidate to a Provincial Assembly seat from Tharpark
Published 26 Jan, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Jan, 2008 12:00am
SHC reserves order in May 12 carnage cases

SHC reserves order in May 12 carnage cases

A full bench of High Court of Sindh (SHC) comprising Chief Justice Muhammad Afzal Soomro, Justice Munib Ahmed Khan, Justice Nadeem Azhar Siddiqui, Justice Abdul Rahman Farooq Pirzada and Justice Dr Rana M Shamim on Friday reserved orders in constitution p
Published 26 Jan, 2008 12:00am
PML-Q candidate disqualified

PML-Q candidate disqualified

A three-member bench of Balochistan High Court (BHC) here on Friday disqualified the candidacy of a PML-Q candidate Gul Khan Marri for contesting the election from PB-23 Kohlu, Balochistan Assembly seat.
Published 26 Jan, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (January 25, 2008).

Published 26 Jan, 2008 12:00am
No further change in polls schedule: Election Commission

No further change in polls schedule: Election Commission

Election Commission's Secretary, Kanwar Muhammad Dilshad says there is no chance of further delay of elections, as law and order situation in the country is in "total control." He told newsmen here on Friday that ballot papers printing has been completed.
Published 26 Jan, 2008 12:00am
Business Recorder longtime employee passes away

Business Recorder longtime employee passes away

Fazl-ur-Rehman, a former employee of Business Recorder, died of cardiac arrest on Friday. He was 70. Son of Aziz-ur-Rehman, he succumbed to the heart attack as he returned home at H/No R-49, Sector 8-A, Gulshan-e-Zahoor, Abyssinia Lines, after offe
Published 26 Jan, 2008 12:00am
Seminar on adoption of SA-8000 standards held

Seminar on adoption of SA-8000 standards held

A one-day awareness seminar on Adoption of Social Accountability-8000 (SA-8000) standards was held in collaboration with Federal Ministry of Commerce and Sialkot Chamber of Commerce and Industry (SCCI) on Thursday here.
Published 26 Jan, 2008 12:00am
CDA accused of neglecting problems of businessmen

CDA accused of neglecting problems of businessmen

President Islamabad Chamber of Commerce and Industry (ICCI) Ijaz Abbasi called on the traders and industrialists meeting to resolve the problems of business community due to delay in completion of the projects. President ICCI claimed that Capital Developm
Published 26 Jan, 2008 12:00am
Share prices recover on LSE

Share prices recover on LSE

Share prices recovered on the Lahore Stock Exchange (LSE) on Friday as, lured by low levels, investors whole-heartedly took part in the trading activity, which helped the market gain 1.43 percent. The LSE-25 Index finished at 4,433.73 points as against 4,
Published 26 Jan, 2008 12:00am
Gatwick airport incident: British envoy summoned to foreign ministry

Gatwick airport incident: British envoy summoned to foreign ministry

Pakistani authorities on Friday summoned to the Foreign Ministry the British envoy stationed in Islamabad to explain why the relatives and associates of a top politician were interrogated and deported from London reportedly on terror suspicion.
Published 26 Jan, 2008 12:00am
Tokyo rubber posts gains

Tokyo rubber posts gains

Tokyo rubber futures rose modestly on Thursday on the back of recovering oil prices, but gains were limited as fears of a US-led economic recession kept many investors on the sidelines. The benchmark rubber contract on the Tokyo Commodity Exchange for Jun
Published 26 Jan, 2008 12:00am
Gatwick airport incident: British envoy summoned to foreign ministry

Gatwick airport incident: British envoy summoned to foreign ministry

Pakistani authorities on Friday summoned to the Foreign Ministry the British envoy stationed in Islamabad to explain why the relatives and associates of a top politician were interrogated and deported from London reportedly on terror suspicion.
Published 26 Jan, 2008 12:00am
Chinese consumers lift nervous Shanghai copper

Chinese consumers lift nervous Shanghai copper

Shanghai copper futures rose nearly 2 percent on Thursday, as fears about a global slowdown took a tentative back seat to buying by Chinese consumers ahead of the Lunar New Year. The April copper contract, the most active on the Shanghai Futures Exchange,
Published 26 Jan, 2008 12:00am
US platinum and gold hit record highs

US platinum and gold hit record highs

Supply fears due to suspended mine production in top precious metals producer South Africa drove US platinum and gold futures to record highs on Friday. The world's biggest platinum producer, Anglo Platinum, and top gold miners Anglogold Ashanti, Gold Fie
Published 26 Jan, 2008 12:00am
Oil continues rally

Oil continues rally

Oil touched $90 a barrel on Friday, as lawmakers in the United States confirmed an economic stimulus plan that helped quell fears of a recession in the world's top energy consumer. US crude rose 59 cents to $90.00 a barrel, after jumping nearly 3 percent
Published 26 Jan, 2008 12:00am
US platinum and gold hit record highs

US platinum and gold hit record highs

Supply fears due to suspended mine production in top precious metals producer South Africa drove US platinum and gold futures to record highs on Friday. The world's biggest platinum producer, Anglo Platinum, and top gold miners Anglogold Ashanti, Gold Fie
Published 26 Jan, 2008 12:00am
Indian soyaoil up

Indian soyaoil up

Indian soyaoil futures rose on Friday after Indonesia raised its base export price for rival palm oil, a move that could push up domestic prices as the country imports 40 percent of its vegetable oils. At 3:15 pm (0945 GMT), the February contract on the N
Published 26 Jan, 2008 12:00am
US platinum and gold hit record highs

US platinum and gold hit record highs

Supply fears due to suspended mine production in top precious metals producer South Africa drove US platinum and gold futures to record highs on Friday. The world''s biggest platinum producer, Anglo Platinum, and top gold miners Anglogold Ashanti, Gold Fi
Published 26 Jan, 2008 12:00am
Malaysia tin slips

Malaysia tin slips

Malaysian tin edged lower on Friday as weaker London Metal Exchange prices and a supply build-up at the price level weighed on the market, one dealer said.
Published 26 Jan, 2008 12:00am
President may sign new bourses ordinance soon

President may sign new bourses ordinance soon

The Stock Exchanges (Corporatisation, Demutualisation and Inegration) Ordinance 2007 is expected to be signed by President Pervez Musharraf in the next ten days. The caretaker Cabinet had approved the Ordinance on January 22, 2008.
Published 26 Jan, 2008 12:00am
Gold and platinum hit record highs in Asia

Gold and platinum hit record highs in Asia

Gold and platinum hit all-time highs on Friday on dollar weakness, supply concerns, firm oil and expectations of more interest rate cuts in the United States. Spot gold hit an intraday high of $914.50 an ounce, surpassing last week's record peak.
Published 26 Jan, 2008 12:00am
President may sign new bourses ordinance soon

President may sign new bourses ordinance soon

The Stock Exchanges (Corporatisation, Demutualisation and Inegration) Ordinance 2007 is expected to be signed by President Pervez Musharraf in the next ten days. The caretaker Cabinet had approved the Ordinance on January 22, 2008.
Published 26 Jan, 2008 12:00am
US gold up

US gold up

US gold futures finished nearly 3 percent higher and above $900 on Thursday, pushing toward record highs as expectations of a steady fall in the dollar and inflation fears sparked a broad-based commodity rally. Platinum surged 3 percent to scale a contrac
Published 26 Jan, 2008 12:00am
President may sign new bourses ordinance soon

President may sign new bourses ordinance soon

The Stock Exchanges (Corporatisation, Demutualisation and Inegration) Ordinance 2007 is expected to be signed by President Pervez Musharraf in the next ten days. The caretaker Cabinet had approved the Ordinance on January 22, 2008.
Published 26 Jan, 2008 12:00am
US copper ends strong

US copper ends strong

US copper futures finished on Thursday with hefty increases, as buyers gained confidence from sharp rises in gold and other metals, crude oil prices, and positive levels in US equity indexes, traders said. "Fundamentally, copper is tight and it looks pret
Published 26 Jan, 2008 12:00am
Gas, condensate discovered in Hyderabad

Gas, condensate discovered in Hyderabad

The Oil and Gas Development Company Limited (OGDC) has discovered gas and condensate in its exploratory Passkhi East Well, located in Hyderabad district. The new discovery will supply an additional 10.7 million cubic feet gas per day, official sources sai
Published 26 Jan, 2008 12:00am
New York cocoa rallies to firm close

New York cocoa rallies to firm close

US cocoa futures ended higher on Thursday, rallying on support from the strong sterling, system fund buying and options-related trade, traders said. "We're getting toward expiration of March options. There's a lot of short calls out there, trade members a
Published 26 Jan, 2008 12:00am
Gas, condensate discovered in Hyderabad

Gas, condensate discovered in Hyderabad

The Oil and Gas Development Company Limited (OGDC) has discovered gas and condensate in its exploratory Passkhi East Well, located in Hyderabad district. The new discovery will supply an additional 10.7 million cubic feet gas per day, official sources sai
Published 26 Jan, 2008 12:00am
New York arabica up

New York arabica up

Arabica coffee futures settled higher on Thursday, correcting mildly from Wednesday's sharply lower action, in quiet trade, while light position rolling out of the spot month into May boosted volume, traders said.
Published 26 Jan, 2008 12:00am
Gas, condensate discovered in Hyderabad

Gas, condensate discovered in Hyderabad

The Oil and Gas Development Company Limited (OGDC) has discovered gas and condensate in its exploratory Passkhi East Well, located in Hyderabad district. The new discovery will supply an additional 10.7 million cubic feet gas per day, official sources sai
Published 26 Jan, 2008 12:00am
MGE March wheat moves up

MGE March wheat moves up

The MGE March/May spread traded at an inverse of 70 cents, premium March, up from 60 cents on Wednesday, underscoring strong commercial demand for tight stocks of spring wheat. As a fresh reminder, Japan bought 215,000 tonnes of US, Canadian and Australia
Published 26 Jan, 2008 12:00am