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Print - 2008-03-08
China pipeline eyes major overseas contracts

China pipeline eyes major overseas contracts

China Petroleum Pipeline Bureau (CPP) has set its sight on contracts abroad worth $200 million or more to be profitable in face of rising competition from foreign counterparts, a company executive said on Friday.
Published 08 Mar, 2008 12:00am
Qazi not allowed to meet Abdul Qadeer Khan

Qazi not allowed to meet Abdul Qadeer Khan

MMA President and Amir Jamaat-e-Islami Qazi Hussain Ahmed was not allowed to meet Dr Abdul Qadeer Khan in KRL Hospital. Qazi Hussain Ahmed visited KRL Hospital to inquire about the health of the detained father of Pakistan nuclear bomb, Dr Abdul Qadeer Kh
Published 08 Mar, 2008 12:00am
Qazi not allowed to meet Abdul Qadeer Khan

Qazi not allowed to meet Abdul Qadeer Khan

MMA President and Amir Jamaat-e-Islami Qazi Hussain Ahmed was not allowed to meet Dr Abdul Qadeer Khan in KRL Hospital. Qazi Hussain Ahmed visited KRL Hospital to inquire about the health of the detained father of Pakistan nuclear bomb, Dr Abdul Qadeer Kh
Published 08 Mar, 2008 12:00am
PML-N supports lawyers' 'Black Flag Week'

PML-N supports lawyers' 'Black Flag Week'

Pakistan Muslim League-Nawaz (PML-N) on Friday announced to fully support the lawyers' "Black Flag Week" being observed from March 9 to 16 in protest against firing of judges of higher judiciary. PML-N Punjab President Sardar Zulifqar Khosa told reporters
Published 08 Mar, 2008 12:00am
Musharraf has to go now at all cost: Khokhar

Musharraf has to go now at all cost: Khokhar

Punjab Pakistan Muslim League-Nawaz (PML-N) Vice President Malik Muhammad Afzal Khokhar has said the popular verdict has come against the dictatorship and that Pervez Musharraf has to go now at all cost.
Published 08 Mar, 2008 12:00am
Sharif brothers to contest bye-polls

Sharif brothers to contest bye-polls

Muhammad Nawaz Sharif and his younger brother Shahbaz Shari are going to contest for national and provincial assembly seats from Lahore in bye-elections. This information was gathered from reliable sources of PML-N here on Friday.
Published 08 Mar, 2008 12:00am
PPP, BNP-A agree to form coalition government in Balochistan

PPP, BNP-A agree to form coalition government in Balochistan

Balochistan National Party Awami (BNP-A) and Pakistan People's Party Parliamentarians (PPPP) have reached an agreement in a bid to form a coalition government in Balochistan province. "Under the agreement, BNP (A) would extend its support to PPP in format
Published 08 Mar, 2008 12:00am
PPP, PML (Q) wooing JUI (F) to form government in Balochistan

PPP, PML (Q) wooing JUI (F) to form government in Balochistan

The religious political party, Jamiat Ulema-e-Islam, led by Maulana Fazlur Rehman, was thoroughly routed in the February 18 general elections, but still it managed to get enough seats in Balochistan to dictate its terms for a coalition government in the t
Published 08 Mar, 2008 12:00am
PPP promotes gender equality: Sherry

PPP promotes gender equality: Sherry

Enunciating her party's position on the occasion of the commemoration of International Women's Day, Sherry Rehman said her party has made no distinction between human rights and women's rights, because that was the mission of Shaheed Benazir Bhutto.
Published 08 Mar, 2008 12:00am
Zardari condemns thrashing of AJK legislator

Zardari condemns thrashing of AJK legislator

The Co-Chairman of Pakistan People's Party, Senator Asif Ali Zardari has condemned the roughing up of a legislator in the AJK Assembly as 'a shameful act'. In a statement on Friday he said that the incident was most shocking and deplorable as malpractice,
Published 08 Mar, 2008 12:00am
Ministry has no function to mark women's day today!

Ministry has no function to mark women's day today!

The Women Development Ministry has failed to organise any function on women issues to mark International Women's Day on Saturday, March 8. Sources in the Women Development Ministry told this scribe on Friday that MoWD officials who organise the functions
Published 08 Mar, 2008 12:00am
Ministry has no function to mark women's day today!

Ministry has no function to mark women's day today!

The Women Development Ministry has failed to organise any function on women issues to mark International Women's Day on Saturday, March 8. Sources in the Women Development Ministry told this scribe on Friday that MoWD officials who organise the functions
Published 08 Mar, 2008 12:00am
Textile exporters in a quandary over inputs prices hike

Textile exporters in a quandary over inputs prices hike

The Pakistan Textile Exporters Association (PTEA) has lamented that textile exporters are in a quandary over sudden hikes in cotton yarn, polyester yarn, gas and electricity and petroleum prices which have over burdened manufacturing and cost of productio
Published 08 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (March 07, 2008).

Published 08 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (March 07, 2008).

Published 08 Mar, 2008 12:00am
Ambac raises $1.5 billion to help save credit rating

Ambac raises $1.5 billion to help save credit rating

Ambac Financial Group Inc said on Friday it sold $1.5 billion of shares and convertible debt, helping to protect the bond insurer from rating downgrades but not satisfying some analysts who wanted it to raise more. Ambac said it sold $1.25 billion of comm
Published 08 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (March 07, 2008).

Published 08 Mar, 2008 12:00am
ISE index down 10.34 points

ISE index down 10.34 points

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where equities witnessed across the board losses under the lead of trend-setters amid decrease in index. ISE-10 Index was down by 10.34 points from 3,291.95 to 3,281.61 poi
Published 08 Mar, 2008 12:00am
ISE index down 10.34 points

ISE index down 10.34 points

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where equities witnessed across the board losses under the lead of trend-setters amid decrease in index. ISE-10 Index was down by 10.34 points from 3,291.95 to 3,281.61 poi
Published 08 Mar, 2008 12:00am
LSE index down 32.85 points

LSE index down 32.85 points

Equities moved both ways on the Lahore Stock Exchange and finally closed in red zone because of, in experts' opinion, technical correction while turnover squeezed following lack of interest by investors.
Published 08 Mar, 2008 12:00am
LSE index down 32.85 points

LSE index down 32.85 points

Equities moved both ways on the Lahore Stock Exchange and finally closed in red zone because of, in experts' opinion, technical correction while turnover squeezed following lack of interest by investors.
Published 08 Mar, 2008 12:00am
Over Rs 55 million sales tax evasion case detected

Over Rs 55 million sales tax evasion case detected

The Directorate General of Intelligence and Investigation has detected a new kind of tax fraud at Karachi, involving sales tax officials, who tampered record to hide sales tax evasion of over Rs 55 million.
Published 08 Mar, 2008 12:00am
Over Rs 55 million sales tax evasion case detected

Over Rs 55 million sales tax evasion case detected

The Directorate General of Intelligence and Investigation has detected a new kind of tax fraud at Karachi, involving sales tax officials, who tampered record to hide sales tax evasion of over Rs 55 million.
Published 08 Mar, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 07, 2008).

Published 08 Mar, 2008 12:00am
Over Rs 55 million sales tax evasion case detected

Over Rs 55 million sales tax evasion case detected

The Directorate General of Intelligence and Investigation has detected a new kind of tax fraud at Karachi, involving sales tax officials, who tampered record to hide sales tax evasion of over Rs 55 million.
Published 08 Mar, 2008 12:00am
50 percent cash margin must for CFS Mk-II financing

50 percent cash margin must for CFS Mk-II financing

The National Clearing Company of Pakistan Limited (NCCPL) has imposed condition for the deposit of 50 percent cash margin, as per stock, to avail Continuous Funding System Mark-II (CFS Mk-II) in the eligible scrips. This was stated by officials of NCCPL i
Published 08 Mar, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 07, 2008).

Published 08 Mar, 2008 12:00am
50 percent cash margin must for CFS Mk-II financing

50 percent cash margin must for CFS Mk-II financing

The National Clearing Company of Pakistan Limited (NCCPL) has imposed condition for the deposit of 50 percent cash margin, as per stock, to avail Continuous Funding System Mark-II (CFS Mk-II) in the eligible scrips. This was stated by officials of NCCPL i
Published 08 Mar, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 07, 2008).
Published 08 Mar, 2008 12:00am
50 percent cash margin must for CFS Mk-II financing

50 percent cash margin must for CFS Mk-II financing

The National Clearing Company of Pakistan Limited (NCCPL) has imposed condition for the deposit of 50 percent cash margin, as per stock, to avail Continuous Funding System Mark-II (CFS Mk-II) in the eligible scrips. This was stated by officials of NCCPL i
Published 08 Mar, 2008 12:00am
BRIndex30 down 106.2 points

BRIndex30 down 106.2 points

On Friday, BRIndex30 opened in the negative zone at 16,703.67, with an upward gap of 65.4 points. It closed at 16,532.07 with a net negative change of -106.2 points and percentage change of -0.64. It experienced intra-day high of 16,703.67 and intra-day l
Published 08 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 (March 07, 2008).

Published 08 Mar, 2008 12:00am
BRIndex30 down 106.2 points

BRIndex30 down 106.2 points

On Friday, BRIndex30 opened in the negative zone at 16,703.67, with an upward gap of 65.4 points. It closed at 16,532.07 with a net negative change of -106.2 points and percentage change of -0.64. It experienced intra-day high of 16,703.67 and intra-day l
Published 08 Mar, 2008 12:00am
Profit taking sets in on KSE

Profit taking sets in on KSE

The Karachi share market on Friday witnessed selling pressure in leading scrips for profit taking from both local and foreign investors, as a result of which the KSE-100 lost 58.19 points, or 0.38 percent, closing at 15,085.18 points against Thursday''s 1
Published 08 Mar, 2008 12:00am
Profit taking sets in on KSE

Profit taking sets in on KSE

The Karachi share market on Friday witnessed selling pressure in leading scrips for profit taking from both local and foreign investors, as a result of which the KSE-100 lost 58.19 points, or 0.38 percent, closing at 15,085.18 points against Thursday's 15
Published 08 Mar, 2008 12:00am
Profit taking sets in on KSE

Profit taking sets in on KSE

The Karachi share market on Friday witnessed selling pressure in leading scrips for profit taking from both local and foreign investors, as a result of which the KSE-100 lost 58.19 points, or 0.38 percent, closing at 15,085.18 points against Thursday's 15
Published 08 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 (March 07, 2008).

Published 08 Mar, 2008 12:00am
Rabi-ul-Awwal moon may be sighted today

Rabi-ul-Awwal moon may be sighted today

The new Rabi-ul-Awwal moon may be sighted today (Saturday). According to astronomical parameters, there is a fair chance of sighting the Rabi-ul-Awwal moon. Therefore, Rabi-ul-Awwal One, 1429 AH should fall on Sunday. The moon crossed the conjunction line
Published 08 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 (March 07, 2008).

Published 08 Mar, 2008 12:00am
Rabi-ul-Awwal moon may be sighted today

Rabi-ul-Awwal moon may be sighted today

The new Rabi-ul-Awwal moon may be sighted today (Saturday). According to astronomical parameters, there is a fair chance of sighting the Rabi-ul-Awwal moon. Therefore, Rabi-ul-Awwal One, 1429 AH should fall on Sunday. The moon crossed the conjunction line
Published 08 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 (March 07, 2008).

Published 08 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 08 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 08 Mar, 2008 12:00am
Oil likely to ''boil'' during next fortnight

Oil likely to ''boil'' during next fortnight

Oil is going to boil again for the consumers as the caretaker government is preparing to increase the rates for the fortnight commencing from March 16, it is learnt.
Published 08 Mar, 2008 12:00am
Oil likely to 'boil' during next fortnight

Oil likely to 'boil' during next fortnight

Oil is going to boil again for the consumers as the caretaker government is preparing to increase the rates for the fortnight commencing from March 16, it is learnt.
Published 08 Mar, 2008 12:00am
BRIDGE NOTES: Patience is rewarding

BRIDGE NOTES: Patience is rewarding

The techniques of bridge play are endless but success comes only when the timing of play is right and no opportunity of early realisation of such techniques is missed at the table. Sometimes, the contract looks hopeless and the lazy declarer gives up earl
Published 08 Mar, 2008 12:00am
Oil likely to 'boil' during next fortnight

Oil likely to 'boil' during next fortnight

Oil is going to boil again for the consumers as the caretaker government is preparing to increase the rates for the fortnight commencing from March 16, it is learnt.
Published 08 Mar, 2008 12:00am
SPORTS WORLD: PCB finally succumbs to white men's charm

SPORTS WORLD: PCB finally succumbs to white men's charm

The chapter of Australian tour, which was scheduled to start on March 10, stands closed as Australian players are not willing to visit Pakistan over security concerns. The PCB, in a bid to keep cricket calendar alive, looked across the border and invited
Published 08 Mar, 2008 12:00am
Serious flaws detected in Tax Management System

Serious flaws detected in Tax Management System

The Federal Board of Revenue (FBR) has serious flaws in the indigenously developed Tax Management System (TMS) which is unable to process income tax data accurately or perform any of the key functions at the reformed units.
Published 08 Mar, 2008 12:00am
Serious flaws detected in Tax Management System

Serious flaws detected in Tax Management System

The Federal Board of Revenue (FBR) has serious flaws in the indigenously developed Tax Management System (TMS) which is unable to process income tax data accurately or perform any of the key functions at the reformed units.
Published 08 Mar, 2008 12:00am
Women's Day rituals

Women's Day rituals

Why do we celebrate 'Women's Day' every year? Such anniversaries cannot change the social attitudes. It is just another day of suppression and torture despite the claims of their emancipation. These seminars and conferences are fashionable occasions to de
Published 08 Mar, 2008 12:00am
Serious flaws detected in Tax Management System

Serious flaws detected in Tax Management System

The Federal Board of Revenue (FBR) has serious flaws in the indigenously developed Tax Management System (TMS) which is unable to process income tax data accurately or perform any of the key functions at the reformed units.
Published 08 Mar, 2008 12:00am
International women's day: Tools for deception

International women's day: Tools for deception

International Women's Day is being commemorated all over the world to focus attention on the status of women in the emerging New World where the question of equality of human beings is still being predicated upon caste, color, creed and sex.
Published 08 Mar, 2008 12:00am
Kashmir Singh admits he was a secret agent

Kashmir Singh admits he was a secret agent

Kashmir Sinng, who insisted he was not a spy during more than three decades on death row in Pakistan, has admitted he was a secret agent after his return to his home country, a report said on Friday.
Published 08 Mar, 2008 12:00am
CAPITAL CULTURAL SCENE: The melodious whisper of spring

CAPITAL CULTURAL SCENE: The melodious whisper of spring

A bleeding yet charming spring has been creeping into the environmental landscape of the capital these days, despite all the odds and constraints made of brutal chopping of trees, plants, bushes, herbs and weeds by the city bosses.
Published 08 Mar, 2008 12:00am
Kashmir Singh admits he was a secret agent

Kashmir Singh admits he was a secret agent

Kashmir Sinng, who insisted he was not a spy during more than three decades on death row in Pakistan, has admitted he was a secret agent after his return to his home country, a report said on Friday.
Published 08 Mar, 2008 12:00am
Drying tunnel for apricots: rural micro enterprise

Drying tunnel for apricots: rural micro enterprise

Northern Areas of Pakistan have been blessed with many natural resources. One of the benefits of the remoteness of the Northern Areas is that, it has lower pest and disease pressure. This coupled with the dry climatic conditions and fertile land means tha
Published 08 Mar, 2008 12:00am
In loving memory of Goans Club

In loving memory of Goans Club

In loving memory of those playgrounds that were once the cultural identity of Karachi there is need to compose a requiem and console ourselves. The Karachi Goans Club, situated right in the heart of the city, where each evening the hockey lovers - boys an
Published 08 Mar, 2008 12:00am
KARACHI CHRONICLE: Neglect of travel and tourism

KARACHI CHRONICLE: Neglect of travel and tourism

The Japanese love to travel. Some years ago a Japanese living in Karachi visited Switzerland. She took several sightseeing tours. What did she see? Lots of cows. What did she buy as a souvenir? Cow bells.
Published 08 Mar, 2008 12:00am
Chaudhry Mukhtar comes under spotlight, again

Chaudhry Mukhtar comes under spotlight, again

The prospect of becoming a prime minister has filled Chaudhry Ahmad Mukhtar with joy. Winning the election against PML-Q chief Chaudhry Shujaat was a wonderful boost for the party's and his morale.
Published 08 Mar, 2008 12:00am
Chaudhry Mukhtar comes under spotlight, again

Chaudhry Mukhtar comes under spotlight, again

The prospect of becoming a prime minister has filled Chaudhry Ahmad Mukhtar with joy. Winning the election against PML-Q chief Chaudhry Shujaat was a wonderful boost for the party's and his morale.
Published 08 Mar, 2008 12:00am
Pepco blames KESC for system collapse

Pepco blames KESC for system collapse

The Pakistan Electric Power Company (Pepco) has requested the Federal Government to hold an inquiry to fix responsibility for 6th March KESC system collapse which caused inconvenience to the people and huge losses to the industrial units.
Published 08 Mar, 2008 12:00am
Tanzanian coffee prices firmer

Tanzanian coffee prices firmer

Tanzanian coffee prices were mixed this week with most grades firming helped by higher New York prices, traders said on Friday. The Tanzania Coffee Board (TCB) said 13,880 60-kg bags were offered for sale, with 13,380 sold. At the previous auction, held o
Published 08 Mar, 2008 12:00am
Pepco blames KESC for system collapse

Pepco blames KESC for system collapse

The Pakistan Electric Power Company (Pepco) has requested the Federal Government to hold an inquiry to fix responsibility for 6th March KESC system collapse which caused inconvenience to the people and huge losses to the industrial units.
Published 08 Mar, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 82,951 tonnes cargo including 27,590 tonnes import, 55,361 tonnes export cargo and 3,010 containers (TEUs) during last 24 hours ending at 0700 hours on Friday. The cargo comprised of 80,951 tonnes dry cargo including 40,822 tonnes
Published 08 Mar, 2008 12:00am
Pepco blames KESC for system collapse

Pepco blames KESC for system collapse

The Pakistan Electric Power Company (Pepco) has requested the Federal Government to hold an inquiry to fix responsibility for 6th March KESC system collapse which caused inconvenience to the people and huge losses to the industrial units.
Published 08 Mar, 2008 12:00am