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Print - 2008-03-05
LHCBA calls to impeach Musharraf

LHCBA calls to impeach Musharraf

The Lahore High Court Bar Association (LHCBA) has demanded the upcoming assembly for taking forthwith action to impeach President Pervez Musharraf in its maiden session. In its general house meeting on Tuesday speakers also demanded it to repeal 58 (2)(B)
Published 05 Mar, 2008 12:00am
Ali Ahmed Kurd released

Ali Ahmed Kurd released

Former vice-chairman Pakistan Bar Council, Ali Ahmed Kurd advocate has been released from house arrest after completion of his detention period on Tuesday evening, Balochistan Home Secretary Furqan Bahadur told APP. The home secretary said that Kurd was d
Published 05 Mar, 2008 12:00am
Aitzaz offers 'Fateha' at Benazir's mausoleum

Aitzaz offers 'Fateha' at Benazir's mausoleum

Supreme Court Bar Association (SCBA) President, Chaudhry Aitzaz Ahsan said that his not being able to pay respect to Benazir Bhutto by appearing at her last abode was like a big shock, which he felt greatly.
Published 05 Mar, 2008 12:00am
Naveed appointed president, chief executive of Faysal Bank

Naveed appointed president, chief executive of Faysal Bank

Ziad H Rawashdeh, Chairman, Faysal Bank has appointed Naved A Khan as a President & CEO of Faysal bank. Naved has 23-year of work experience in the various senior management positions in Corporate and Investment banking.
Published 05 Mar, 2008 12:00am
Kati hails nomination of Shah, Khuhro

Kati hails nomination of Shah, Khuhro

S M Muneer, Patron-in-Chief, Shaikh Fazl-e-Jalil, Chairman, Razzak Hasham Paracha, Senior Vice Chairman, Syed Johar Ali Qandhari, Vice Chairman, Korangi Association of Trade and Industry, members of Manging Committee Kati and former Chairman in their join
Published 05 Mar, 2008 12:00am
Four jewellery shops looted

Four jewellery shops looted

Three dacoits looted four jewellery shops at Saraafa market, North Karachi in the wee hours of Tuesday. Police said that at around 6:00 am, three robbers entered the Saraafa market, situated at sector 5C-4, North Karachi and looted huge quantity of gold a
Published 05 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (March 04, 2008) and the forecast for Wednesday (March 05, 2008).
Published 05 Mar, 2008 12:00am
Work on alternative energy projects in progress

Work on alternative energy projects in progress

Advisor to caretaker Prime Minister and Chairman of Pakistan State Oil (PSO) Sardar Yaseen Malik has said that work on various alternative energy projects are in progress in the country to meet power shortage.
Published 05 Mar, 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 05 Mar, 2008 12:00am
Olympic torch runner to make call through China Mobile at Mount Everest

Olympic torch runner to make call through China Mobile at Mount Everest

When the Olympic torch reaches the top of Mount Everest en route to the 2008 Olympic Games in Beijing the athlete carrying the flame will be able to chat away on a cell-phone. China Mobile is the only Mobile phone operator who is providing service at Moun
Published 05 Mar, 2008 12:00am
Load-shedding intensifies in city

Load-shedding intensifies in city

The Karachiites on Tuesday continued to suffer from prolonged power outages with some areas experiencing 3 to 5 hours-long load-shedding. The total power shortage on Tuesday increased to 310 MW, which was a major reason of the frequent power breakdowns in
Published 05 Mar, 2008 12:00am
Bourses to declare PFIs volume on daily basis from today: SECP

Bourses to declare PFIs volume on daily basis from today: SECP

The volume of Foreign Portfolio Investments (FPIs) at the country's stock exchanges will be announced on day-to-day basis from March 5, 2008. Securities and Exchange Commission of Pakistan (SECP) Chairman Razi-ur-Rehman while speaking at a press conferenc
Published 05 Mar, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (March 04, 2008) and for Wednesday (March 05, 2008).
Published 05 Mar, 2008 12:00am
Three motor cyclists killed in road accident

Three motor cyclists killed in road accident

Three motor cyclists were killed in a traffic accident near Motorway interchange of Sargodha Road, here Tuesday. According to details, three workers of a industrial unit ware going to Samanabad on a motorcycle FSH-9416 here Tuesday when they reached near
Published 05 Mar, 2008 12:00am
Three killed, 24 injured in road mishaps

Three killed, 24 injured in road mishaps

Three people were killed and two dozen others injured in two different traffic accidents. As per detail, a passenger bus travelling from Kohat to Lahore collided with a trawler due to thick fog near Pindi Bhattiaan on Motorway-M2, due to which two passeng
Published 05 Mar, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
DIG Prisons investigating Multan jail break incident

DIG Prisons investigating Multan jail break incident

DIG Prisons Lahore, Abdus Sattar Aajiz, has arrived in Multan and is investigating the jail break incident in which seven under-trial prisoners involved in heinous crimes, had escaped from district jail Multan on Sunday night.
Published 05 Mar, 2008 12:00am
ICCI for enhancing trade with Nigeria

ICCI for enhancing trade with Nigeria

The Islamabad Chamber of Commerce and Industry here Tuesday stressed the need for enhancing trade between Pakistan and Nigeria. Talking to Acting Nigerian High Commissioner, R.A. Mustafa, the ICCI president, Ijaz Abbassi said that trade volume between the
Published 05 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
Setting up of physiotherapy units planned in Punjab

Setting up of physiotherapy units planned in Punjab

Punjab government has started a well-knitted plan for setting up Physiotherapy Units in all social security hospitals for mitigating the problems of the industrial workers as well as to provide treatment facilities at their doorstep.
Published 05 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
Agriculture mainstay of national economy: WMRC

Agriculture mainstay of national economy: WMRC

Dr Rai Niaz Ahmed, Director, Water Management Research Centre (WMRC), University of Agriculture, Faisalabad has stressed the need for sustainable sources of fresh water to support the livelihoods of poor communities in the country.
Published 05 Mar, 2008 12:00am
Arrangements finalised to execute work of hockey stadium

Arrangements finalised to execute work of hockey stadium

Necessary arrangements are being finalised for undertaking development work on Sialkot hockey stadium costing Rs 60 million, said District Coordination Officer (DCO) Sialkot Ata Muhammad Khan. Talking to Business Recorder here on Monday he added th
Published 05 Mar, 2008 12:00am
THE RUPEE: dollar extends gains

THE RUPEE: dollar extends gains

Bearish trend continued in the interbank market on Tuesday as the rupee dropped by 12 paisa against dollar, currency analysts said. As a result of the rising demand by the importers, dollar maintained its upward trend and it is expected that, if the suppl
Published 05 Mar, 2008 12:00am
Bilal Mustafa named BoK managing director

Bilal Mustafa named BoK managing director

The NWFP government on Tuesday appointed senior banker Bilal Mustafa as new Managing Director of the Bank of Khyber (BoK) for a three-year term, said a notification of NWFP Department of Finance issued.
Published 05 Mar, 2008 12:00am
THE RUPEE: dollar extends gains

THE RUPEE: dollar extends gains

Bearish trend continued in the interbank market on Tuesday as the rupee dropped by 12 paisa against dollar, currency analysts said. As a result of the rising demand by the importers, dollar maintained its upward trend and it is expected that, if the suppl
Published 05 Mar, 2008 12:00am
Jamali and Sajjad condemn Lahore blasts

Jamali and Sajjad condemn Lahore blasts

Acting Chairman Senate Jan Muhammad Jamali and Leader of the House Wasim Sajjad have condemned the suicide bomb blasts at Naval War College, Lahore in strongest term. They termed the attack as a heinous act of crime, which spread a sense of instability to
Published 05 Mar, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
No plan to dissolve local government system: Awam Dost panel tells MQM

No plan to dissolve local government system: Awam Dost panel tells MQM

With a pandemonium-hit City Council session, clearly reflecting the outside make-or-break political developments, the Pakistan People's Party (PPP) backed Awam Dost panel told the Muttahida Quami Movement (MQM) backed Haq Parast group not to worry about t
Published 05 Mar, 2008 12:00am
Vegetable exporters seek subsidy from EDF

Vegetable exporters seek subsidy from EDF

The Chairman of All Pakistan Fruit and Vegetable Importers, Exporters & Merchants Association, on behalf of its members, has requested the Export Development Fund chief to allow subsidy to exporters/traders of vegetables, keeping in view the damage caused
Published 05 Mar, 2008 12:00am
PMTF to enhance training facilities

PMTF to enhance training facilities

The Pakistan Machine Tool Factory (PMTF) has submitted a comprehensive proposal involving a layout of Rs 126 million to the National Vocational and Technical Education Commission (Nvtec) under which training facilities would be enhanced at the PMTF with t
Published 05 Mar, 2008 12:00am
International Urdu moot on March 8

International Urdu moot on March 8

The GC University Lahore is holing one-day international Urdu conference on Saturday, March 8 in its Bokhari Auditorium. The topic under discussion would be language, culture and society.
Published 05 Mar, 2008 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 05 Mar, 2008 12:00am
Dr Nosheen donates Rs three million to GCU library

Dr Nosheen donates Rs three million to GCU library

Chairperson of the English Department of GC University Lahore Professor Dr Nosheen Khan has donated three million rupees to the GCU Library Lahore. The library will set up a special Amtul-Arifa corner in the library. Amtul Hayee and Arifa Khan were the da
Published 05 Mar, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Mar, 2008 12:00am
Killing of navy personnel slammed

Killing of navy personnel slammed

Lahore Nazim Mian Amer Mahmood has on Tuesday sternly condemned the suicide bombing at the Pakistan Navy War College, Lahore, and termed the death of five personnel of Pakistan Navy as great national loss. He also said that suicide bombing accidents could
Published 05 Mar, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Mar, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Mar, 2008 12:00am
Punjab bureaucracy looking towards Shahbaz

Punjab bureaucracy looking towards Shahbaz

Punjab bureaucracy, notorious for changing its loyalties at the spur of the moment has started looking towards PML (N) president Shahbaz Sharif, the chief minister apparent before taking vital administrative and political decisions.
Published 05 Mar, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
Punjab chief minister grieved over suicide attack

Punjab chief minister grieved over suicide attack

Caretaker Chief Minister Punjab, former Justice Ejaz Nisar here on Tuesday has expressed deep sense of sorrow and grief over the loss of precious lives as a result of suicide attack and explosion of gas cylinder in MT Yard of Naval War College.
Published 05 Mar, 2008 12:00am
Kashmir Singh crosses Wagah border homeward

Kashmir Singh crosses Wagah border homeward

Indian national Kashmir Singh, who was released from the Kot Lakhpat Jail on Monday night after 35 years in imprisonment, was handed over to Indian officials at Wagah border on Tuesday. Having been released from the jail following acceptance of his mercy
Published 05 Mar, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Mar, 2008 12:00am
Police asked to protect life, property of people

Police asked to protect life, property of people

Capital City Police Officer, Additional IG Malik Muhammad Iqbal has directed police officers to leave no stone unturned for the eradication of crime and protection of life and property of the people and a comprehensive strategy should be evolved to meet t
Published 05 Mar, 2008 12:00am
Storm water drainage system project in DHA surveyed

Storm water drainage system project in DHA surveyed

A representative delegation of Defence Society Residents Associations visited the project site at Beach Avenue DHA here on Monday, where the project consultant gave them an in-depth briefing on the development of a new Storm Water Drainage System in DHA.
Published 05 Mar, 2008 12:00am
EU team for smooth transfer of power to new regime

EU team for smooth transfer of power to new regime

The fair, free and impartial recent elections have redeemed the image of Pakistan in the comity of nations, and we were looking forward to a smooth and peaceful transfer of power to the next parliament.
Published 05 Mar, 2008 12:00am
PPP reiterates its Kashmir policy

PPP reiterates its Kashmir policy

The spokesperson of PPP co-chairman has said that the remarks of Asif Ali Zardari about Kashmir in an interview to an Indian channel have been quoted out of context in a section of the media. In a statement here on Tuesday, Farhatullah Babar said that Pak
Published 05 Mar, 2008 12:00am
Zardari condemns Lahore blasts

Zardari condemns Lahore blasts

PPP co-chairman Senator Asif Ali Zardari condemned the series of bomb blasts in Lahore that resulted in the killing of six people and injuries to so many others as 'inhuman, barbaric and most despicable', a statement said on Tuesday.
Published 05 Mar, 2008 12:00am
Oil price hike causes manifold rise in kitchen items

Oil price hike causes manifold rise in kitchen items

The trickle down effect of increase in prices of petroleum products has resulted in manifold raise in the rate of food basket in the wholesale market, traders said on Tuesday.
Published 05 Mar, 2008 12:00am
Steps being taken to promote technical education: Tevta

Steps being taken to promote technical education: Tevta

President Punjab Olympic Association Syed Shahid Ali said that Tevta has taken many initiatives for the promotion of technical education. He said this while inaugurating the 4th Tevta Annual Sports at Tevta Secretariat sports ground.
Published 05 Mar, 2008 12:00am
COMMECS to organise Stalwarts Nite on March 29

COMMECS to organise Stalwarts Nite on March 29

COMMECS, the old students association of Government College of Commerce and Economics, Karachi, is organising its Stalwarts Nite on March 29, 2008. In this connection all ex-students are requested to contact the President Arshad Islam or Secretary General
Published 05 Mar, 2008 12:00am
BA, BSc, BCom admission dates extended

BA, BSc, BCom admission dates extended

The University of Karachi on Tuesday extended date of admission to first and second year of BA, BSc (Pass) and BCom by March 15, 2008. According to a release on Tuesday, the admission forms can be submitted with a late fee of Rs 500 with a condition that
Published 05 Mar, 2008 12:00am
'Canal water mismanagement damaged wheat crop'

'Canal water mismanagement damaged wheat crop'

Pakistan Kissan Movement Secretary General, Chaudhry Hanif Gujjar has claimed that mismanagement of canal water by the Irrigation Departments of Sindh and Punjab has damaged wheat crop in perennial areas (where the underground water is brackish and the ca
Published 05 Mar, 2008 12:00am
Mullen asks Pakistanis what they need

Mullen asks Pakistanis what they need

The chairman of the Joint Chiefs of Staff, Adm. Mike Mullen has said the United States is willing to offer assistance for things like training, transport helicopters and night-combat operations, but he stressed that he was bringing no specific proposals o
Published 05 Mar, 2008 12:00am
PTA supports IT exposition from May 15-17

PTA supports IT exposition from May 15-17

The Pakistan Telecommunication Authority (PTA) has confirmed its support for the Third Information and Communications Technology Exhibition and the Conference scheduled from May 15 to 17 at the Karachi Expo Center.
Published 05 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
Cabinet Division clarification

Cabinet Division clarification

Apropos a news item "Massive bungling in Cabinet Division expenditures," carried by Business Recorder on Tuesday, the Cabinet Secretariat of the Cabinet Division has claimed that there has been no financial bungling in the Cabinet Division.
Published 05 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
Cabinet Division clarification

Cabinet Division clarification

Apropos a news item "Massive bungling in Cabinet Division expenditures," carried by Business Recorder on Tuesday, the Cabinet Secretariat of the Cabinet Division has claimed that there has been no financial bungling in the Cabinet Division.
Published 05 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (March 04, 2008).

Published 05 Mar, 2008 12:00am
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