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Print - 2008-01-29
Gold price surges to Rs 18,300 per 10 grams

Gold price surges to Rs 18,300 per 10 grams

Gold on Monday hit the historic high mark of Rs 18,300 per 10 grams, while the yellow metal was traded at $916 an ounce in the world market, said traders.
Published 29 Jan, 2008 12:00am
Ghee price shoots up by Rs 57 per 5kg

Ghee price shoots up by Rs 57 per 5kg

Ghee price has shot up by Rs 57 per 5-kg tin in the retail market to Rs 625 per 5 kg tin despite a decline in the world palm oil prices by $30 a ton, market sources said on Monday.With the recent increase, the 2-1/2 kg ghee tin has become costlier by Rs 2
Published 29 Jan, 2008 12:00am
Graduate profile 2007 inaugurated

Graduate profile 2007 inaugurated

Progress of our society demands drastic changes in the education system that must lay emphasis on acquisition of knowledge and expertise in all areas of arts, physical as well as social sciences and novel technologies.
Published 29 Jan, 2008 12:00am
KSE to organise more training courses

KSE to organise more training courses

After witnessing the overwhelming response from the investors to the first training course, the management of Karachi Stock Exchange (KSE) has decided to organise further training courses to accommodate more participants.
Published 29 Jan, 2008 12:00am
Eight-day Comstech workshop concludes

Eight-day Comstech workshop concludes

Comstech concluded its eight-day workshop on bio-fertiliser on Monday with a resolution that OIC countries should build database relating to experiences in bio-fertiliser applications and share the results with member countries.
Published 29 Jan, 2008 12:00am
Myanmar media delegation meets Memon

Myanmar media delegation meets Memon

Caretaker Federal Minister for Information and Broadcasting, Senator Nisar A Memon on Monday urged the national media not to become a victim to the designs of the people who wanted to target the federation of Pakistan.
Published 29 Jan, 2008 12:00am
Southern Punjab lawyers organise protest rallies

Southern Punjab lawyers organise protest rallies

More than 8,000 lawyers of southern Punjab on Monday organised protest rallies and hunger strike camps were set-up in front of bar rooms in Multan, Muzaffargarh, Dera Ghazi Khan, Bahawalpur, Bahawalnagar, Jhang, Bhakkar, Layyah, Vehari, Sahiwal, Khanewal
Published 29 Jan, 2008 12:00am
Hunger strike camp established

Hunger strike camp established

A hunger-strike camp set up by the Save Judiciary Committee condemning court judges' termination has continued. Bar office holders and senior members, political party workers and civil society members have joined the camp.
Published 29 Jan, 2008 12:00am
British defence team arrives

British defence team arrives

A 14-member British defence delegation, led by UK Permanent Under Secretary Bill Jeffery, arrived here on Monday on a 4-day official visit, a defence ministry official said. The delegation would attend plenary session of the Pakistan-Britain Defence Coope
Published 29 Jan, 2008 12:00am
Ten die of severe cold in Punjab

Ten die of severe cold in Punjab

At least ten persons including two minor children have died of severe cold during the last 24 hours in Multan, Muzaffargarh, Sargodha, Alipur, Rajanpur and Layyah.
Published 29 Jan, 2008 12:00am
Punjab local government: NAB to strengthen accountability framework

Punjab local government: NAB to strengthen accountability framework

National Accountability Bureau (NAB) under section 33-C of National Accountability Ordinance 1999 is mandated to undertake preventive measures to ensure that government laws, rules and regulations are followed, to eliminate corruption and corrupt practice
Published 29 Jan, 2008 12:00am
Project launched to enhance Sahiwal cow breed

Project launched to enhance Sahiwal cow breed

A programme has been launched to produce Sahiwal breed of cows famous for milk production. Livestock Director Dr Javed Iqbal on Monday said MU transfer technology was being utilised to promote this breed all over Punjab. "Sahiwal cow is best for dairy far
Published 29 Jan, 2008 12:00am
CJP arrives from Saudi Arabia

CJP arrives from Saudi Arabia

Chief Justice of Pakistan, Justice Abdul Hameed Dogar arrived from Saudi Arabia here on Monday after performing Umrah. The Chief Justice will preside over a bench on Tuesday, office sources said. Justice Muhammad Nawaz Abbasi, the senior most judge after
Published 29 Jan, 2008 12:00am
Ghani orders fresh survey of Afghan refugees in NWFP

Ghani orders fresh survey of Afghan refugees in NWFP

NWFP Governor Owais Ahmed Ghani has directed the Commissioner of Afghan Refugees (CAR) to conduct a fresh survey of Afghan refugees living in their camps in different cities and localities especially in the suburbs of Peshawar so that their whereabouts/mo
Published 29 Jan, 2008 12:00am
Green rickshaw scheme gains momentum

Green rickshaw scheme gains momentum

Green rickshaw scheme has gained momentum in Sialkot, Daska, Pasrur and Sambrial tehsils of Sialkot district. As many as 750 rickshaws, under the scheme would be given to the applicants on subsidised price in Sialkot district.
Published 29 Jan, 2008 12:00am
Low gas pressure, load shedding make life difficult in Multan

Low gas pressure, load shedding make life difficult in Multan

The people of Multan continue to face low gas pressure and power outages while the cold wave persists in the area compelling the people to minimise their outdoor activities. The gap between demand and supply is also continuing and, on Monday it was 2,300
Published 29 Jan, 2008 12:00am
The Weather

The Weather

The weather report on Monday (January 28, 2008) and the forecast for Tuesday (January 29, 2008).
Published 29 Jan, 2008 12:00am
Three labourers die in well collapse

Three labourers die in well collapse

Three labourers died when a well collapsed in Cholistan here on Monday. According to the police, labourers were digging a well, which suddenly collapsed and they came under the debris. The deceased were identified as Noor Elahi, Allah Basaya and Shehzad.
Published 29 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 29 Jan, 2008 12:00am
Ample supply of flour, commodities assured

Ample supply of flour, commodities assured

The central trade body has assured the provision of wheat flour in ample quantity at fixed rates, in various city markets as well as at special stalls set up to facilitate the people.
Published 29 Jan, 2008 12:00am
Fesco launches 'Energy Conservation Campaign'

Fesco launches 'Energy Conservation Campaign'

Faisalabad Electric Supply Company (Fesco) has launched an 'Energy Conservation Campaign' by providing energy saver bulbs at subsidised rates in seven districts of the region. This was stated by the CEO Fesco, Ahmed Saeed Akhtar while inaugurating the cam
Published 29 Jan, 2008 12:00am
Food, vegetable processing, packing centre in Sialkot soon

Food, vegetable processing, packing centre in Sialkot soon

Local business community has decided to establish "Food and Vegetable Processing/Packing" centre close to Sialkot International Airport. The setting up of common facility centre for fruit and vegetable processing close to airport would open new avenue for
Published 29 Jan, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Overweight reduces quality of life: expert

Overweight reduces quality of life: expert

Around half of the world population is overweight, while in Pakistan 30 percent men and 40 percent women are overweight, exposing them to various diseases, including high cholesterol, high blood pressure and diabetes, a consultant cardiologist at Whipps C
Published 29 Jan, 2008 12:00am
'NBP to launch training centre'

'NBP to launch training centre'

"Institutions are all about people, if you have quality people then you will have good institutions", said President Syed Ali Raza at the National Bank of Pakistan's "change management workshop".
Published 29 Jan, 2008 12:00am
TSML signs accord with AMZ Securities

TSML signs accord with AMZ Securities

Tuwairqi Steel Mills Limited (TSML) has signed an agreement with AMZ Securities Ltd to raise funds to finance additional expenditure for its state of the art iron and steel project, coming up at Port Qasim.
Published 29 Jan, 2008 12:00am
Indonesian Consulate opens condolence book

Indonesian Consulate opens condolence book

The Consulate General of the Republic of Indonesia in Karachi announcing the passing away of second president of Indonesia General H. M. Soeharto (Retd) on January 27 at the age of 87, said on Monday that a condolence book will be opened from January 29 t
Published 29 Jan, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
PIA cancels flights to Quetta

PIA cancels flights to Quetta

Pakistan International Airlines (PIA) on Monday cancelled operation of all its Quetta-bound flights due to inclement weather in the provincial capital, PIA officials told here APP.
Published 29 Jan, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
European buyers refuse to attend 'Exposition 2008'

European buyers refuse to attend 'Exposition 2008'

The European buyers have totally refused to participate in the country's largest trade show, while others have shown reluctance due to poor law and order situation, sources told Business Recorder on Monday.
Published 29 Jan, 2008 12:00am
Waqar receives gold medal

Waqar receives gold medal

Anjuman-e-Tajiran Auto Parts Chairman Waqar Ahmed Mian has received a gold medal from the Istehkam-e-Pakistan Council for his special services in trade and social welfare. Mian was not only active in trade but also rendered his services in the social sect
Published 29 Jan, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Call to fix price of Nan at Rs 3

Call to fix price of Nan at Rs 3

Karachiites have urged the administration to fix the price of 'Nan' at Rs three per piece as has been done in Rawalpindi and Islamabad.
Published 29 Jan, 2008 12:00am
City Council allows 50 percent cut in CDGK shop rents

City Council allows 50 percent cut in CDGK shop rents

Amid a strong outcry from opposition the City Council on Monday, through a resolution, backed the City District Government Karachi (CDGK) on revising a 100 percent increase in the rents of its shops to 50 percent.
Published 29 Jan, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Tribunal summons PPP leaders, rejects pleas

Tribunal summons PPP leaders, rejects pleas

Former justice Dr Ghous Muhammad, head of the October 18 Tribunal of Inquiry on Monday summoned PPP leaders Agha Siraj Durrani and Dr Zulfiqar Mirza rejecting their pleas to appear and deposed some time later.
Published 29 Jan, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Musharraf urges West to understand Pakistan's problems

Musharraf urges West to understand Pakistan's problems

President Pervez Musharraf on the final day of his UK visit on Monday urged the West to understand the challenges and problems facing Pakistan and said the country needs to be encouraged and supported in overcoming these obstacles and difficulties.
Published 29 Jan, 2008 12:00am
Chishti leads anti-Musharraf campaign

Chishti leads anti-Musharraf campaign

Lieutenant General Faiz Ali Chishti (Retd) who opposes President Pervez Musharraf said he would "not be surprised" if Musharraf had engineered terror attacks to manipulate his image in the West.
Published 29 Jan, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 12th January 2008.

Published 29 Jan, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 12th January 2008.

Published 29 Jan, 2008 12:00am
Painting exhibition

Painting exhibition

An exhibition featuring the painting of Asma Abbasi will be held from January 30 to February 12 at the Alliance Francis, Islamabad. Abbasi was trained at the Swain School of Design, USA.
Published 29 Jan, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Massive police drive against fireworks dealers

Massive police drive against fireworks dealers

Rawalpindi Police Monday launched a massive operation against the dealers of fireworks and arrested ten including six owners of big fireworks godowns and confiscated the explosive fireworks of over Rs 600,000 during the last 24 hours.
Published 29 Jan, 2008 12:00am
Pakistanis seek refuge from violence in Afghanistan

Pakistanis seek refuge from violence in Afghanistan

On an icy clearing surrounded by forested peaks, Afghan officials struggled to keep order as they handed out food and blankets to dozens of tribesmen who fled Pakistan to escape sectarian violence.
Published 29 Jan, 2008 12:00am
THE RUPEE: dollar sharply up in interbank deals

THE RUPEE: dollar sharply up in interbank deals

The rupee gave up it's weekend firmness on the interbank market at the week opening day, losing 18 paisa in terms of dollar for buying at 62.60 and it also shed 22 paisa for selling at 62.65, dealers said. The rupee lost its gain due to higher demand for
Published 29 Jan, 2008 12:00am
Imran says US and UK against democracy in Pakistan

Imran says US and UK against democracy in Pakistan

Britain and the United States cannot say they support democracy in Pakistan unless they call for the reinstatement of sacked judges, cricketer-turned-politician Imran Kahn said on Monday.
Published 29 Jan, 2008 12:00am
THE RUPEE: dollar sharply up in interbank deals

THE RUPEE: dollar sharply up in interbank deals

The rupee gave up it's weekend firmness on the interbank market at the week opening day, losing 18 paisa in terms of dollar for buying at 62.60 and it also shed 22 paisa for selling at 62.65, dealers said. The rupee lost its gain due to higher demand for
Published 29 Jan, 2008 12:00am
Telenor launches environment friendly initiative

Telenor launches environment friendly initiative

Telenor Pakistan has launched another environment-friendly initiative by using solar energy to power one of its repeater sites in the NWFP. Telenor Pakistan is the country's first mobile communications services provider to have started using solar energy
Published 29 Jan, 2008 12:00am
Pakistan denies Rashid Rauf in detention

Pakistan denies Rashid Rauf in detention

Interior ministry on Monday rejected claims by the lawyer for British terror suspect Rashid Rauf that his client, who disappeared from police custody, was being secretly held by authorities. Rauf disappeared on December 14 while being escorted by two poli
Published 29 Jan, 2008 12:00am
Iran bans women's magazine

Iran bans women's magazine

Iran has withdrawn the publication licence of a leading women's magazine after it highlighted crimes against women by publishing a monthly toll, the semi-official Fars news agency reported Monday. "The licence of the magazine Zanan (Women) managed by Shah
Published 29 Jan, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (January 28, 2008).

Published 29 Jan, 2008 12:00am
Iran bans women's magazine

Iran bans women's magazine

Iran has withdrawn the publication licence of a leading women's magazine after it highlighted crimes against women by publishing a monthly toll, the semi-official Fars news agency reported Monday. "The licence of the magazine Zanan (Women) managed by Shah
Published 29 Jan, 2008 12:00am
Societe Generale scandal: French rogue trader charged

Societe Generale scandal: French rogue trader charged

Societe Generale trader Jerome Kerviel was charged Monday over the biggest fraud case in investment banking history, his lawyer said as the French bank was hit by insider trading allegations and a plunging share price.
Published 29 Jan, 2008 12:00am
Societe Generale scandal: French rogue trader charged

Societe Generale scandal: French rogue trader charged

Societe Generale trader Jerome Kerviel was charged Monday over the biggest fraud case in investment banking history, his lawyer said as the French bank was hit by insider trading allegations and a plunging share price.
Published 29 Jan, 2008 12:00am
Societe Generale scandal: French rogue trader charged

Societe Generale scandal: French rogue trader charged

Societe Generale trader Jerome Kerviel was charged Monday over the biggest fraud case in investment banking history, his lawyer said as the French bank was hit by insider trading allegations and a plunging share price.
Published 29 Jan, 2008 12:00am
KSEW Sukuk ''''Approved Security'''' for Islamic banks'''' SLR: SBP

KSEW Sukuk ''''Approved Security'''' for Islamic banks'''' SLR: SBP

The State Bank of Pakistan on Monday said that Karachi Shipyard & Engineering Works (KSEW) Sukuk (bonds) worth Rs 1.5 billion would be regarded as ''''Approved Security'''' for Islamic banks to meet the condition of Statutory Liquidity Requirement (SLR).
Published 29 Jan, 2008 12:00am
KSEW Sukuk ''Approved Security'' for Islamic banks'' SLR: SBP

KSEW Sukuk ''Approved Security'' for Islamic banks'' SLR: SBP

The State Bank of Pakistan on Monday said that Karachi Shipyard & Engineering Works (KSEW) Sukuk (bonds) worth Rs 1.5 billion would be regarded as ''Approved Security'' for Islamic banks to meet the condition of Statutory Liquidity Requirement (SLR).
Published 29 Jan, 2008 12:00am