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Print - 2008-02-01
Nawaz Sharif calls on US ambassador

Nawaz Sharif calls on US ambassador

The former prime minister and head of Pakistan Muslim League (N) Mian Nawaz Sharif here on Thursday called on US ambassador Anne W Paterson. The meeting was held at Frontier House, in which the matters of mutual interest discussed. Sources told APP that d
Published 01 Feb, 2008 12:00am
Intel ISEF concludes

Intel ISEF concludes

Intel Pakistan Corporation concluded its science festival here on Thursday, after holding science fairs in Sindh, Punjab, NWFP and Balochistan where young scientists projected their talent in science subjects.
Published 01 Feb, 2008 12:00am
Sindh riots victims: Prime Minister approves compensation

Sindh riots victims: Prime Minister approves compensation

Caretaker Prime Minister Mohammedmian Soomro, on the recommendation of the Commission on Damage Assessment, on Thursday approved a compensation of Rs.300,000 each for the heirs of 43 innocent persons who lost their lives during disturbances in Sindh durin
Published 01 Feb, 2008 12:00am
IT department lauded for improving public facilities

IT department lauded for improving public facilities

Caretaker Sindh Health Minister, Fouzia Larri here on Thursday appreciated provincial Information Technology Department for automation of public facilities and capacity-building of concerned staff.
Published 01 Feb, 2008 12:00am
Nawaz calls on Sri Lankan foreign minister

Nawaz calls on Sri Lankan foreign minister

Former prime minister and head of Pakistan Muslim League-Nawaz (PML-N) Mian Nawaz Sharif met with visiting Sri Lankan Foreign Minister Rohitha Bogollagama here on Thursday. During the meeting held at Balochistan House, both the leaders discussed bilateral
Published 01 Feb, 2008 12:00am
LSE holiday on February five

LSE holiday on February five

The Ultra Trade System and the offices of the Lahore Stock Exchange (LSE) will remain closed on Tuesday, February 5, on account of Kashmir Day, the LSE management announced on Thursday.
Published 01 Feb, 2008 12:00am
Polling stations: PPP seeks deployment of troops

Polling stations: PPP seeks deployment of troops

Chairman of Pakistan People's Party (PPP) election monitoring cell Senator Latif Khousa on Thursday sought deployment of army personnel outside the polling stations on the election day to ensure peace and to get maximum turnout.
Published 01 Feb, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Feb, 2008 12:00am
CDA grants NOC for housing schemes

CDA grants NOC for housing schemes

The Capital Development Authority (CDA), has granted M/s Multi Professional Cooperative Housing Society (Regd), the final NOC, vide letter No. CDA/PLW/UP-HS (90)/mpchs/vol-iii/2003/491, dated 30-01-2008 and No. CDA/PLW/UP-HS (90)/mpchs/vol-iii/2003/492, d
Published 01 Feb, 2008 12:00am
Khalid Rasool passes away

Khalid Rasool passes away

Sheikh Khalid Rasool, former principal of Federal Government College, H-9, the father of Al-Ghurair GIGA's PR Manager hammad Rasool passed away on Thursday. He was buried at H-8 graveyard. Al-Ghurair Giga's owners, high officials, his relatives and friend
Published 01 Feb, 2008 12:00am
Former banker Naseem didn't leak inside information

Former banker Naseem didn't leak inside information

A lawyer for a former Credit Suisse Group investment banker accused of insider trading argued on Thursday that the government has failed to prove he did anything but make phone calls to a friend in Pakistan.
Published 01 Feb, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (January 31, 2008).

Published 01 Feb, 2008 12:00am
HEC to establish Pak-China university in Islamabad

HEC to establish Pak-China university in Islamabad

The Higher Education Commission (HEC), in collaboration with leading engineering universities of China, has announced to establish Pak-China University (PCU) in Islamabad. The visiting delegation of the HEC finalised the decision in China and formally ina
Published 01 Feb, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Feb, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (January 31, 2008).

Published 01 Feb, 2008 12:00am
Bullish trend in ISE

Bullish trend in ISE

Gainers outclassed losers at the Islamabad Stock Exchange (ISE) where buying spree in trend-setters moved the entire ready-board in downward direction amid increase in index. ISE-10 Index showed an increase of 5.91 points, as it moved from 2,900.32 to 2,9
Published 01 Feb, 2008 12:00am
Bullish trend in ISE

Bullish trend in ISE

Gainers outclassed losers at the Islamabad Stock Exchange (ISE) where buying spree in trend-setters moved the entire ready-board in downward direction amid increase in index. ISE-10 Index showed an increase of 5.91 points, as it moved from 2,900.32 to 2,9
Published 01 Feb, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (January 31, 2008).

Published 01 Feb, 2008 12:00am
'CNG supply to start easing within fortnight'

'CNG supply to start easing within fortnight'

Sui Northern Gas Managing Director Rashid Lon on Thursday said that gas supply of only gas stations has been cut off, which are located in congested areas as domestic consumers have more right over gas than CNG stations.
Published 01 Feb, 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 Thursday (January 31, 2008).

Published 01 Feb, 2008 12:00am
Textile workers and owners protest against closure of units

Textile workers and owners protest against closure of units

Thousands of jobless textile workers staged protestation here on Thursday in front of their closed industrial units in Khurrianwala Industrial Estate, while industries' owners and exporters staged demonstration at Pakistan Textile Exporters Association (P
Published 01 Feb, 2008 12:00am
Two percent extra sales tax on pesticide importers withdrawn

Two percent extra sales tax on pesticide importers withdrawn

The Federal Board of Revenue (FBR) has withdrawn 2 percent extra sales tax levied on the commercial importers of pesticides. The board has amended SRO.645(I)/2007 through a notification issued on Thursday to remove double taxation on a single category of
Published 01 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (January 31, 2008).

Published 01 Feb, 2008 12:00am
Two percent extra sales tax on pesticide importers withdrawn

Two percent extra sales tax on pesticide importers withdrawn

The Federal Board of Revenue (FBR) has withdrawn 2 percent extra sales tax levied on the commercial importers of pesticides. The board has amended SRO.645(I)/2007 through a notification issued on Thursday to remove double taxation on a single category of
Published 01 Feb, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (January 31, 2008).

Published 01 Feb, 2008 12:00am
Two percent extra sales tax on pesticide importers withdrawn

Two percent extra sales tax on pesticide importers withdrawn

The Federal Board of Revenue (FBR) has withdrawn 2 percent extra sales tax levied on the commercial importers of pesticides. The board has amended SRO.645(I)/2007 through a notification issued on Thursday to remove double taxation on a single category of
Published 01 Feb, 2008 12:00am
Two percent extra sales tax on pesticide importers withdrawn

Two percent extra sales tax on pesticide importers withdrawn

The Federal Board of Revenue (FBR) has withdrawn 2 percent extra sales tax levied on the commercial importers of pesticides. The board has amended SRO.645(I)/2007 through a notification issued on Thursday to remove double taxation on a single category of
Published 01 Feb, 2008 12:00am
Two percent extra sales tax on pesticide importers withdrawn

Two percent extra sales tax on pesticide importers withdrawn

The Federal Board of Revenue (FBR) has withdrawn 2 percent extra sales tax levied on the commercial importers of pesticides. The board has amended SRO.645(I)/2007 through a notification issued on Thursday to remove double taxation on a single category of
Published 01 Feb, 2008 12:00am
Foreign reserves post $133.9 million decline

Foreign reserves post $133.9 million decline

The foreign liquid reserves of the country have declined by $133.9 million during the last week. Statistics of State Bank of Pakistan (SBP) show that total liquid foreign reserves held by the country stood at 15.0743 billion dollar on January 19, 2008 as
Published 01 Feb, 2008 12:00am
Jakarta shares finish firmer

Jakarta shares finish firmer

Jakarta share prices closed a volatile session 0.7 percent higher on Thursday as investors cheered the Federal Reserve's half point rate cut to ward off a recession in the US, dealers said. But they said the market's rise was capped by caution ahead of th
Published 01 Feb, 2008 12:00am
Tokyo stocks up nearly 2pc on exporters, banks

Tokyo stocks up nearly 2pc on exporters, banks

Japanese stocks rose almost 2 percent on Thursday, buoyed by short-covering in Toyota Motor Co and other blue chip exporters, while banks erased nearly all their early losses as subprime fears eased slightly.
Published 01 Feb, 2008 12:00am
Chinese stocks fall

Chinese stocks fall

Chinese stock market fell on Thursday and the main index posted a loss of 16.7 percent for January, its second largest monthly drop this decade, because of turmoil in global markets and fears of an economic slowdown.
Published 01 Feb, 2008 12:00am
Thai share prices rise

Thai share prices rise

Thai share prices closed 2.72 percent higher on Thursday as investors welcomed a US rate cut aimed at boosting the world's largest economy amid mounting fears over a recession, dealers said.
Published 01 Feb, 2008 12:00am
Long-dated US bonds tumble

Long-dated US bonds tumble

Long-dated US Treasury debt prices tumbled on Wednesday after the Federal Reserve delivered an aggressive half-percentage-point rate cut, which boosted stocks and revived inflation concerns among bond investors.
Published 01 Feb, 2008 12:00am
Long-dated US bonds tumble

Long-dated US bonds tumble

Long-dated US Treasury debt prices tumbled on Wednesday after the Federal Reserve delivered an aggressive half-percentage-point rate cut, which boosted stocks and revived inflation concerns among bond investors.
Published 01 Feb, 2008 12:00am
Singapore shares end down

Singapore shares end down

Singapore share prices closed 0.61 percent lower on Thursday in volatile trade as investors largely shrugged off positive domestic leads to concentrate on US economic weakness, dealers said. The blue chip Straits Times Index fell 18.28 points to 2,981.75,
Published 01 Feb, 2008 12:00am
US stocks decline as bond insurer fears hit financials

US stocks decline as bond insurer fears hit financials

US stocks fell on Wednesday, led by financial shares, after a television commentator said he believed that the two biggest bond insurers will lose their top credit rating, a move that could bring more big losses to the financial sector.
Published 01 Feb, 2008 12:00am
Hong Kong shares sag

Hong Kong shares sag

Hong Kong stocks fell for a second straight day on Thursday, knocked by a slew of bad news ranging from China's weather-related problems to possible credit downgrades of top US bond insurers. January marked the worst month for Hong Kong equities since Oct
Published 01 Feb, 2008 12:00am
Taiwan stocks fall on global woes

Taiwan stocks fall on global woes

Taiwan stocks slipped 0.3 percent on Thursday, pressured by worries about more losses in the global financial sector, with contract chip maker UMC falling after it posted weaker quarterly earnings.
Published 01 Feb, 2008 12:00am
Malaysian shares jump

Malaysian shares jump

Malaysian share prices rose 0.7 percent on Thursday as investors set aside worries over the US economy to build positions ahead of an anticipated Chinese New Year rally next week, dealers said.
Published 01 Feb, 2008 12:00am
Kenyan police battle protesters in western towns

Kenyan police battle protesters in western towns

Kenyan police on Thursday battled demonstrators in western towns, injuring at least six people, after an opposition lawmaker was killed in what police said was a crime of passion, AFP correspondents said.
Published 01 Feb, 2008 12:00am
Kenya crisis talks postponed

Kenya crisis talks postponed

Kofi Annan on Thursday suspended crisis talks between representatives of Kenya's president and opposition leader, after the fatal shooting of an opposition lawmaker and further clashes.
Published 01 Feb, 2008 12:00am
Serbian president visits Kosovo ahead of crunch poll

Serbian president visits Kosovo ahead of crunch poll

Serbian President Boris Tadic visited Kosovo on Thursday, the final campaign day dependence of the Albanian-dominated southern province of Serbia. "I will always defend our people and our existence in Kosovo. The state should always take care of its peopl
Published 01 Feb, 2008 12:00am
Most Thais see short term for new government

Most Thais see short term for new government

About 60 percent of Thais believe their new government under Prime Minister Samak Sundaravej, an ally of deposed premier Thaksin Shinawatra, will collapse within two years, a poll showed Thursday.
Published 01 Feb, 2008 12:00am
Protesters condemn Afghan reporter's death sentence

Protesters condemn Afghan reporter's death sentence

Around 200 people marched to the United Nations office in Kabul on Thursday to protest against a death sentence handed to an Afghan reporter and journalism student accused of blasphemy.
Published 01 Feb, 2008 12:00am
Sri Lanka blast kills four

Sri Lanka blast kills four

At least four people were killed and 17 hurt in a powerful explosion in Sri Lanka's embattled northern peninsula of Jaffna on Thursday, authorities said, blaming the blast on Tamil rebels.
Published 01 Feb, 2008 12:00am
Blast at Istanbul fireworks factory kills 20

Blast at Istanbul fireworks factory kills 20

A powerful explosion ripped through an unlicensed fireworks factory in Istanbul on Thursday, killing at least 20 people, injuring more than 100 and causing massive destruction.
Published 01 Feb, 2008 12:00am
FBI chief lauds Cambodia for its role in 'war on terror'

FBI chief lauds Cambodia for its role in 'war on terror'

The head of the FBI on Thursday hailed Cambodia's role in the US "war on terror", as the agency opened its first office in Phnom Penh amid rising concern over regional extremism. Robert Mueller said the relationship between the countries in addressing the
Published 01 Feb, 2008 12:00am
Speed admits ICC blunder in Harbhajan case

Speed admits ICC blunder in Harbhajan case

International Cricket Council chief Malcolm Speed said Thursday the organisation accepted the blame for the administrative blunder that enabled Indian spinner Harbhajan Singh to escape a stiffer penalty in his racial abuse case.
Published 01 Feb, 2008 12:00am
Woods off to blistering start at Dubai Desert Classic

Woods off to blistering start at Dubai Desert Classic

Tiger Woods took up at the Dubai Desert Classic on Thursday where he left off at the Buick Invitational in California on the weekend with a commanding display of golf to top the leaderboard by two strokes.
Published 01 Feb, 2008 12:00am
Ponting dismisses criticism of Symonds

Ponting dismisses criticism of Symonds

Australian captain Ricky Ponting leapt to the defence of Andrew Symonds here Thursday after the appeals commissioner was critical of the Australian all-rounder in the Harbhajan Singh appeal hearing.
Published 01 Feb, 2008 12:00am
FCC athletics championship from February 27

FCC athletics championship from February 27

The Forman Christian College Sports Association is holding its 121st Annual Athletics Championship on February 27 and 28 at the College Track. Rector Dr Peter Armacost will open the two-day event. Track, field and Gymkhana will be on the event's menu.
Published 01 Feb, 2008 12:00am
Australia in shock loss to Indonesia in Fed Cup

Australia in shock loss to Indonesia in Fed Cup

Australia suffered a surprise loss to Indonesia in the Fed Cup's Asia/Oceania Zone competition on Thursday, while Uzbekistan notched up a win over hosts Thailand.
Published 01 Feb, 2008 12:00am
Beckham left out of Capello's first England squad

Beckham left out of Capello's first England squad

David Beckham has missed out on Fabio Capello's first England squad but reassured that he could still get the chance to win the 100th cap he craves, according to English media reports.
Published 01 Feb, 2008 12:00am
Flintoff's fitness fight to continue in India

Flintoff's fitness fight to continue in India

Andrew Flintoff will continue his bid to regain full fitness by joining the England Lions, the national 'A' side, during their tour of India next month just weeks after being left out of the squad.
Published 01 Feb, 2008 12:00am
Fit-again Naved set to star for Yorkshire

Fit-again Naved set to star for Yorkshire

Yorkshire have confirmed Rana Naved as their man overseas player for the 2008 English county season after the Pakistan pace bowler passed a fitness test on a shoulder injury. The 29-year-old is now set to arrive at Headingley in April having sustained the
Published 01 Feb, 2008 12:00am
Football Mela

Football Mela

The Punjab Sports Department is organising "the Kashmir Day Youth Hockey and Football Mela" at Punjab Stadium on February 4 and 5. School hockey and football teams will take part.
Published 01 Feb, 2008 12:00am
More oil won't help world economy: Opec

More oil won't help world economy: Opec

Opec on Thursday looked set to rebuff consumer calls for more crude, saying it was powerless to help stave off recessionary pressures in the West. Enjoying a sixth year of crude price gains, the Organisation of the Petroleum Exporting Countries argues it
Published 01 Feb, 2008 12:00am
WTO head says trade talks on 'last lap'

WTO head says trade talks on 'last lap'

Global trade talks are on their "last lap" but sticking points on agriculture and industrial goods must be solved by March for there to be a deal by year's end, the head of the World Trade Organisation said Thursday.
Published 01 Feb, 2008 12:00am
BNP eyes SocGen; France warns off foreign bids

BNP eyes SocGen; France warns off foreign bids

BNP Paribas confirmed on Thursday that it was studying a possible bid for Societe Generale, as its fellow French bank reeled from rogue trading losses and France warned off would-be foreign bidders.
Published 01 Feb, 2008 12:00am
UK accounting watchdog proposes pension fund changes

UK accounting watchdog proposes pension fund changes

The UK accounting standards setter proposed on Thursday radical changes in pension fund calculations which could raise firms' retirement liabilities and force them to plough more money into their schemes.
Published 01 Feb, 2008 12:00am