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Print - 2008-03-01
New crises to emerge if mandate not accepted: Hashmi

New crises to emerge if mandate not accepted: Hashmi

Pakistan Muslim League-Nawaz leader, Makhdoom Javed Hashmi has warned the establishment that new crises would emerge if it did not accept the February 18 mandate and continued plotting against the victors. Talking to local newsmen on phone here on Friday
Published 01 Mar, 2008 12:00am
80 percent people rejected Musharraf: Kasuri

80 percent people rejected Musharraf: Kasuri

Former foreign minister and PML-Q central vice president Barrister Mian Khurshid Mehmood Kasuri has said that 80 percent people have rejected President Musharraf in the election and asked him to resign. Talking to NNI, he said 58 (2-B) should be repealed
Published 01 Mar, 2008 12:00am
Shujaat predicts fresh polls in two months

Shujaat predicts fresh polls in two months

The so far smooth power game took an 'anxious' turn on Friday when the allies of President Pervez Musharraf predicted fresh elections within two months, and Pakistan People's Party (PPP) struggled to choose a candidate to become prime minister.
Published 01 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
Spring festival from March 24

Spring festival from March 24

The district government has constituted seven committees to finalise arrangements for the Jashn-e-Baharan (spring festival) scheduled from March 24-27 here. Chairing a meeting on Friday, District Co-ordination Officer (DCO) Rao Shakil Ahmed said this fest
Published 01 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
'Premiership issue to be finalised by party leadership'

'Premiership issue to be finalised by party leadership'

A central leader of Pakistan Peoples Party (PPP) Chaudhry Ahmed Mukhtar has said that nomination of candidate for the post of prime minister would be finalised by the party leadership. Talking to media outside Zardari House on Friday, Chaudhry Ahmed Mukht
Published 01 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
'PPP will have no objection to change NWFP name'

'PPP will have no objection to change NWFP name'

Pakistan People's Party (PPP) will have no objection to changing the name of NWFP as 'Pakhtoonkhawa' as the party wants to settle this 60 years old issue in an amicable manner. Central Deputy Secretary Information PPP Senator Sajjad Bukhari said this whil
Published 01 Mar, 2008 12:00am
Qureshi for enhanced unity among democratic forces

Qureshi for enhanced unity among democratic forces

Central leader of Pakistan Peoples Party Parliamentarians (PPP-P), Shah Mehmood Qureshi on Friday said that there is dire need for enhanced unity among democratic forces as the country was passing through a very critical stage.
Published 01 Mar, 2008 12:00am
PPP respects mandate given to MQM: Qaim

PPP respects mandate given to MQM: Qaim

President of Pakistan Peoples Party, Sindh, Syed Qaim Ali Shah, has said stage to offer participation in the formation of government in Sindh to Muttahida Quami Movement (MQM) has not yet reached.
Published 01 Mar, 2008 12:00am
Routine immunisation important strategy to eradicate polio: WHO

Routine immunisation important strategy to eradicate polio: WHO

The Eastern Mediterranean Regional Office (EMRO) of World Health Organisation (WHO) in a statement here has suggested urgent measures to improve routine immunisation in Pakistan. "The first and most important strategy in polio eradication is routine immun
Published 01 Mar, 2008 12:00am
Independent judiciary in interest of people: Zardari

Independent judiciary in interest of people: Zardari

Independent judiciary is in the interest of the people and the Pakistan People's Party stands for strengthening the judiciary with the support of other political forces, PPP co-chairman Asif Ali Zardari said Thursday.
Published 01 Mar, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
Measles: prevention and treatment highlighted

Measles: prevention and treatment highlighted

Measles vaccination is one of the most cost-effective public health interventions available for preventing deaths related with it. Measles immunisation carries the highest health return for the money spent, saving more lives per unit cost than any other h
Published 01 Mar, 2008 12:00am
Philippines Senate passes resolution in Benazir's honour

Philippines Senate passes resolution in Benazir's honour

Philippine's Senate has passed a resolution honouring the achievements of PPP former Chairperson Benazir Bhutto and condemned her assassination. A copy of the resolution adopted by the Senate of Philippines on January 30 last was transmitted to Senator As
Published 01 Mar, 2008 12:00am
CDGK to install 20 pedestrian bridges

CDGK to install 20 pedestrian bridges

The City District Government Karachi (CDGK), on a directive of the City Nazim, Syed Mustafa Kamal has started the construction work of pedestrian bridges and modern bus stops in different parts of Karachi.
Published 01 Mar, 2008 12:00am
LSE receives Rs 75 million claims against Mehdi Securities

LSE receives Rs 75 million claims against Mehdi Securities

The Lahore Stock Exchange (LSE) has received up to 145 claims from investors and clients, valuing Rs 75 million against its wrongdoer Mehdi Securities. The LSE has set March 12 deadline for the Securities' investors and clients to file their claims with t
Published 01 Mar, 2008 12:00am
Lahore-Gujranwala highway to be completed in March

Lahore-Gujranwala highway to be completed in March

Secretary Communication Sajid Hussain Chatta along with Chairman National Highway Authority (NHA) on Friday inspected the rehabilitation of Lahore-Gujranwala being upgraded to six lanes. The project being executed with the assistance of World Bank (WB) wo
Published 01 Mar, 2008 12:00am
New government to get full cooperation: Magsi

New government to get full cooperation: Magsi

Governor Balochistan Nawab Zulfikar Ali Magsi on Friday said that he would fully cooperate with the new provincial government in order to promote peaceful friendly environment in Balochistan. Replying the questions of participants of Air War Course who ca
Published 01 Mar, 2008 12:00am
MQM ready to support PPP unconditionally

MQM ready to support PPP unconditionally

The Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain has said that MQM is ready for unconditional support to Pakistan Peoples Party, but the PPP should ensure the continuation of development work of the district governments in Karachi and Hyderabad.
Published 01 Mar, 2008 12:00am
Sibghatullah meets Halepota

Sibghatullah meets Halepota

Caretaker Sindh Minister Pir Sibghatullah Shah Rashdi, met Sindh Chief Minister former Justice Abdul Qadir Halepota at the Chief Minister House here on Friday. On the occasion the chief minister observed that record development works have been carried out
Published 01 Mar, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
Governor promulgates Ordinance

Governor promulgates Ordinance

Sindh Governor Dr Ishratul Ibad Khan has promulgated the Sindh Ministers (Salaries, Allowances and Privileges) (Amendment) Ordinance, 2008, said a notification of the Law Department here.
Published 01 Mar, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 29,2008).
Published 01 Mar, 2008 12:00am
Governor promulgates Ordinance

Governor promulgates Ordinance

Sindh Governor Dr Ishratul Ibad Khan has promulgated the Sindh Ministers (Salaries, Allowances and Privileges) (Amendment) Ordinance, 2008, said a notification of the Law Department here.
Published 01 Mar, 2008 12:00am
Tenders for 30 projects rejected

Tenders for 30 projects rejected

Tenders for 30 development projects worth millions of rupees for Sukkur city have been rejected for third consecutive time. Project Director (PD) Ghulam Asghar Wagan said tenders were called from contractors.
Published 01 Mar, 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 Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
President pardons Indian on death row for 35 years

President pardons Indian on death row for 35 years

President Pervez Musharraf has pardoned an Indian national who spent 35 years languishing on death row on espionage charges, a minister said on Friday. Kashmir Singh was arrested in 1973 and given a death sentence by a military court and has since become
Published 01 Mar, 2008 12:00am
President pardons Indian on death row for 35 years

President pardons Indian on death row for 35 years

President Pervez Musharraf has pardoned an Indian national who spent 35 years languishing on death row on espionage charges, a minister said on Friday. Kashmir Singh was arrested in 1973 and given a death sentence by a military court and has since become
Published 01 Mar, 2008 12:00am
Strategy evolved to set up Export Credit Agency

Strategy evolved to set up Export Credit Agency

The Trade Development Authority of Pakistan (TDAP) has evolved a plan to establish an exclusive Export Credit Agency (ECA) with adequate capital support from the government to augment the country's exports share by $300 million immediately in the world ma
Published 01 Mar, 2008 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
NBP profit increases to Rs 19.39 billion

NBP profit increases to Rs 19.39 billion

The profit after tax of National Bank of Pakistan has increased to Rs 19.393 billion in the year ended December 31, 2007 as compared to Rs 17.254 billion in the corresponding period in 2006. The bank''''s earning per share surged to Rs 23.78 in the period
Published 01 Mar, 2008 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
NBP profit increases to Rs 19.39 billion

NBP profit increases to Rs 19.39 billion

The profit after tax of National Bank of Pakistan has increased to Rs 19.393 billion in the year ended December 31, 2007 as compared to Rs 17.254 billion in the corresponding period in 2006. The bank''s earning per share surged to Rs 23.78 in the period u
Published 01 Mar, 2008 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (February 29,2008).

Published 01 Mar, 2008 12:00am
NBP profit increases to Rs 19.39 billion

NBP profit increases to Rs 19.39 billion

The profit after tax of National Bank of Pakistan has increased to Rs 19.393 billion in the year ended December 31, 2007 as compared to Rs 17.254 billion in the corresponding period in 2006. The bank's earning per share surged to Rs 23.78 in the period un
Published 01 Mar, 2008 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 01 Mar, 2008 12:00am
NBP profit increases to Rs 19.39 billion

NBP profit increases to Rs 19.39 billion

The profit after tax of National Bank of Pakistan has increased to Rs 19.393 billion in the year ended December 31, 2007 as compared to Rs 17.254 billion in the corresponding period in 2006. The bank's earning per share surged to Rs 23.78 in the period un
Published 01 Mar, 2008 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Mar, 2008 12:00am
Hezbollah slams US warship as 'interference' in Lebanon

Hezbollah slams US warship as 'interference' in Lebanon

The pro-Syrian Hezbollah on Friday slammed Washington's dispatch of the USS Cole to waters off Lebanon as military interference, as the Western-backed government said it did not ask for the warship to be sent.
Published 01 Mar, 2008 12:00am
New York cotton

New York cotton

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

Published 01 Mar, 2008 12:00am
New York cotton

New York cotton

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

Published 01 Mar, 2008 12:00am
Glaxo pulls malaria drugs due to anaemia risk

Glaxo pulls malaria drugs due to anaemia risk

GlaxoSmithKline Plc is scrapping two malaria drugs that may cause anaemia, dealing a blow to the global fight against the killer disease. Europe's biggest drugmaker said on Friday it was pulling Lapdap from the market in Kenya - the only place where it ha
Published 01 Mar, 2008 12:00am
Bridge Notes: Positive thinking key to success

Bridge Notes: Positive thinking key to success

In bridge success comes to those who think constructively with a fair bit of logic. Today's hand is a typical example. Let me give you first only the North-South cards with the bidding for you to work out the solution.
Published 01 Mar, 2008 12:00am
Big gap in trade talks with Australia: Japan official

Big gap in trade talks with Australia: Japan official

Japan and Australia failed to bridge a wide gap on agricultural tariffs after completing a fourth round of talks on reaching an elusive free-trade agreement, a Japanese official said Friday.
Published 01 Mar, 2008 12:00am
ISE index sheds 25.53 points

ISE index sheds 25.53 points

Foreign brokerage houses and small investors offloaded their positions on Friday at the Islamabad Stock Exchange where selling-pressure in hot favourites moved the entire ready-board in downward direction amid decrease in index.
Published 01 Mar, 2008 12:00am
Waste recycling - an emerging lucrative business

Waste recycling - an emerging lucrative business

In present era, waste recycling is emerging as a prospering business with most of developed nations employing this trend for earning money and keeping their cities cleaner. After Germany took lead in recycling, others followed suit with number of European
Published 01 Mar, 2008 12:00am
ISE index sheds 25.53 points

ISE index sheds 25.53 points

Foreign brokerage houses and small investors offloaded their positions on Friday at the Islamabad Stock Exchange where selling-pressure in hot favourites moved the entire ready-board in downward direction amid decrease in index.
Published 01 Mar, 2008 12:00am
CAPITAL CULTURAL SCENE: The blowing glass art

CAPITAL CULTURAL SCENE: The blowing glass art

It was an amazingly beautiful display of glass art work by visiting Dutch artist Martin Villems on February 26 at National Art Gallery of Pakistan National Council of the Arts. The exhibition was inaugurated by H.E. Willem Andreae, Ambassador of the Nethe
Published 01 Mar, 2008 12:00am
LSE receives heavy battering

LSE receives heavy battering

The share market has undergone a massive battering mainly because of a technical correction brokers say it has stemmed from the continuous upsurge after the February 18 elections. The LSE-25 Index on Friday plunged by 67.77 points to reach 4,841.66 from p
Published 01 Mar, 2008 12:00am
Where a voter stands after election

Where a voter stands after election

Before the February 18 elections there were debates on a number of issues and people went to the polls in the hope of getting relief from their sufferings and had not much to do with other issues alien to them.
Published 01 Mar, 2008 12:00am
LSE receives heavy battering

LSE receives heavy battering

The share market has undergone a massive battering mainly because of a technical correction brokers say it has stemmed from the continuous upsurge after the February 18 elections. The LSE-25 Index on Friday plunged by 67.77 points to reach 4,841.66 from p
Published 01 Mar, 2008 12:00am
KARACHI CHRONICLE: To catch a car thief

KARACHI CHRONICLE: To catch a car thief

Exactly a week before elections, on Monday 11 February my six-months-old car was stolen from its parking place on the street below my commercial area apartment. And in broad daylight. It was there when I checked at 10 am and had disappeared by 11 am when
Published 01 Mar, 2008 12:00am
CDWP to take up 36 projects today

CDWP to take up 36 projects today

The Central Development Working Party (CDWP) in its meeting on Saturday will take up 36 developmental projects worth Rs 102.124 billion, including a foreign exchange component (FEC) of Rs 18.753 billion. The CDWP meeting was postponed twice last month due
Published 01 Mar, 2008 12:00am
Crop diversity an insurance against natural disasters and wars -I

Crop diversity an insurance against natural disasters and wars -I

Crop diversity embraces the great variety within and between crops and their wild relatives. Not only are there hundreds of species of crops - from wheat to carrots to mangoes - but each species may also have hundreds or thousands of varieties containing
Published 01 Mar, 2008 12:00am
CDWP to take up 36 projects today

CDWP to take up 36 projects today

The Central Development Working Party (CDWP) in its meeting on Saturday will take up 36 developmental projects worth Rs 102.124 billion, including a foreign exchange component (FEC) of Rs 18.753 billion. The CDWP meeting was postponed twice last month due
Published 01 Mar, 2008 12:00am
South African maize futures higher

South African maize futures higher

South Africa's benchmark maize futures rode higher on Friday tracking overnight international prices, while wheat prices fell on the back of a slump in the US, traders said. The most active March white maize contract ended 2.65 percent higher at 1,742 ran
Published 01 Mar, 2008 12:00am
CDWP to take up 36 projects today

CDWP to take up 36 projects today

The Central Development Working Party (CDWP) in its meeting on Saturday will take up 36 developmental projects worth Rs 102.124 billion, including a foreign exchange component (FEC) of Rs 18.753 billion. The CDWP meeting was postponed twice last month due
Published 01 Mar, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 120,032 tonnes cargo including 70,261 tonnes import, 49,771 tonnes export cargo and 4,182 containers (TEUs) during last 24 hours ending at 0700 hours on Friday. The cargo comprised of 63,242 tonnes dry cargo including 43,211 tonne
Published 01 Mar, 2008 12:00am
India hikes defence budget to $26.40 billion

India hikes defence budget to $26.40 billion

India on Friday jacked up defence spending by 10 percent to 26.4 billion dollars, the steepest hike since independence to fund a mammoth modernisation programme. Finance Minister Palaniappan Chidambaram boosted expenditure for the fiscal year ending March
Published 01 Mar, 2008 12:00am
Ivory Coast cocoa arrivals up

Ivory Coast cocoa arrivals up

Cocoa arrivals at ports in world top grower Ivory Coast reached 978,549 tonnes by February 24, up from 884,624 tonnes in the same period a year ago, but quality problems persisted as the October-March main crop neared its end.
Published 01 Mar, 2008 12:00am
India hikes defence budget to $26.40 billion

India hikes defence budget to $26.40 billion

India on Friday jacked up defence spending by 10 percent to 26.4 billion dollars, the steepest hike since independence to fund a mammoth modernisation programme. Finance Minister Palaniappan Chidambaram boosted expenditure for the fiscal year ending March
Published 01 Mar, 2008 12:00am
Rates stay put on grain market

Rates stay put on grain market

Most of the commodity items maintained their overnight levels on the grain market as participants were busy in Friday prayers, dealers said.
Published 01 Mar, 2008 12:00am
Only two bidders participate in Port Qasim dredging project

Only two bidders participate in Port Qasim dredging project

The uncertain political climate of the country has kept away international companies from participating in bidding process for a 100 million dollars dredging project at Port Qasim (PQ), sources said on Friday. The Port Qasim Authority (PQA) is planning to
Published 01 Mar, 2008 12:00am
Only two bidders participate in Port Qasim dredging project

Only two bidders participate in Port Qasim dredging project

The uncertain political climate of the country has kept away international companies from participating in bidding process for a 100 million dollars dredging project at Port Qasim (PQ), sources said on Friday. The Port Qasim Authority (PQA) is planning to
Published 01 Mar, 2008 12:00am
US Plains HRW wheat mostly firm

US Plains HRW wheat mostly firm

US Plains hard red winter wheat basis values were mostly steady on Friday, with some traders taking protection of 20 cents a bushel following a sharp decline in KCBT futures in overnight trading. Some traders were booking wheat in basis-only transactions,
Published 01 Mar, 2008 12:00am
Only two bidders participate in Port Qasim dredging project

Only two bidders participate in Port Qasim dredging project

The uncertain political climate of the country has kept away international companies from participating in bidding process for a 100 million dollars dredging project at Port Qasim (PQ), sources said on Friday. The Port Qasim Authority (PQA) is planning to
Published 01 Mar, 2008 12:00am
FOB Gulf corn and soyabean steady

FOB Gulf corn and soyabean steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Thursday but there was a lack of fresh export demand, traders said. Wheat prices were underpinned by a tender from Egypt's General Authority for Supply Commodities (GASC) to buy 55,000 to 65
Published 01 Mar, 2008 12:00am
US Midwest corn and soyabean bids mostly steady to firm

US Midwest corn and soyabean bids mostly steady to firm

Spot basis bids for soyabeans and corn were mostly steady to firm at locations around the US Midwest on Thursday amid slow country movement. Most farmers had enough cash on hand from recent sales, so they were reluctant to book new deals, despite sharp ra
Published 01 Mar, 2008 12:00am
US wheat plunges nine percent

US wheat plunges nine percent

US wheat futures fell 9 percent on Thursday in a sharp pullback after a trader for MF Global placed then lifted a huge position in the market at mid-week, driving prices sharply lower, traders and analysts said.
Published 01 Mar, 2008 12:00am
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