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Print - 2008-03-18
Sri Lanka to help Pakistan develop gem industry

Sri Lanka to help Pakistan develop gem industry

Sri Lanka has agreed to provide technical assistance to develop Pakistan gem Industry, covering all its various fields. In this connection, the two countries have signed a singed a memorandum of understanding (MoU).
Published 18 Mar, 2008 12:00am
USC to enhance rice supply at its stores

USC to enhance rice supply at its stores

In order to meet the growing demand of rice at its outlets the Utility Stores Corporation (USC) has decided to enhance the supply of the commodity. "As the demand of rice at our stores is increasing, we have decided to increase its supply from 15,000 tons
Published 18 Mar, 2008 12:00am
No mercy appeal submitted for Indian convict: Burney

No mercy appeal submitted for Indian convict: Burney

The Federal Human Rights Minister Ansar Burney said on Monday that his ministry will not submit any petition in support of Sarabjit Singh, an Indian national charged with terrorism in Pakistan.
Published 18 Mar, 2008 12:00am
Kiln owners buying sugarcane at higher rates than mills

Kiln owners buying sugarcane at higher rates than mills

Since the prices of firewood have gone sky-high and now it is selling at Rs 350 per maund, the kiln owners and other people are purchasing sugarcane at Rs 60 to 65 per maund to use as fuel.
Published 18 Mar, 2008 12:00am
23 controlled atmosphere storage to be established

23 controlled atmosphere storage to be established

The Pakistan Horticulture Development and Export Board (PHDEB), under the cool chain system, will establish 23 cold storage and controlled atmosphere storage in fruit production areas, airports and seaports.
Published 18 Mar, 2008 12:00am
Mangla dam raising project in full swing

Mangla dam raising project in full swing

Construction work of over Rs 100 billion for raising of the country's second biggest Mangla Dam is in full swing and so far over 54 percent of the construction work on the mega project has been completed, official sources said.
Published 18 Mar, 2008 12:00am
Final phase of anti-measles drive launched

Final phase of anti-measles drive launched

Anti measles drive was launched in Multan here on Monday like rest of the country to immunise more than 34 million children ageing between nine months to 13 years. In Multan more than 0.2 million children would be vaccinated as measles is still endemic in
Published 18 Mar, 2008 12:00am
Anti-measles campaign kicks off in Punjab

Anti-measles campaign kicks off in Punjab

Three-week anti-measles campaign formally kicked off in the Punjab province on Monday. Over 30 million children of age nine months to 13 years will be immunised against measles during anti-measles drive being observed from March 17 to April 8.
Published 18 Mar, 2008 12:00am
18 percent raise in oil prices escalates textile exports cost: PTEA

18 percent raise in oil prices escalates textile exports cost: PTEA

The 18 percent rise in petroleum products prices in just 15 days has escalated the cost of textile exports, adding to uncompetitiveness and causing further decline in textile exports. This was stated by Tahir Ishaque Bharara, Chairman, Pakistan Textile Ex
Published 18 Mar, 2008 12:00am
27 POs held; arms, property recovered

27 POs held; arms, property recovered

The Khankan Dograan police arrested 27 proclaimed offenders and recovered heavy cache of arms from their possession during the month of February. DSP Circle Sanglahill, Rai Mohammed Hussain said this while giving a briefing to journalists on Monday.
Published 18 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Monday (March 17, 2008) and the forecast for Tuesday (March 18, 2008).
Published 18 Mar, 2008 12:00am
FC may be assigned anti-smuggling role on Afghan border

FC may be assigned anti-smuggling role on Afghan border

The government is likely to allow Frontier Corps (FC), deployed in NWFP and Balochistan, to carry out anti-smuggling function, along the Pak-Afghan border, for controlling movement of ghee, cooking oil, meat, pulses and other commodities of daily use.
Published 18 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 18 Mar, 2008 12:00am
IIU cultural festival opens

IIU cultural festival opens

The International Islamic University (IIU) will start its 20th annual cultural festival for boys from March 18. The festival would include an international exhibition, in which students from 57 countries would participate and put on display various items
Published 18 Mar, 2008 12:00am
Soomro greets Jiabao on re-election

Soomro greets Jiabao on re-election

Prime Minister Mohammadmian Soomro on Monday felicitated the Chinese Premier Wen Jiabao on his re-election and hoped the ties between the two countries will further strengthen in the years ahead. Soomro in a greeting message to Premier Wen Jiabao said "I
Published 18 Mar, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
US condemns restaurant bombing

US condemns restaurant bombing

The United States has condemned weekend bombing in an Islamabad restaurant that claimed the life of a Turkish woman and injured several others. A senior official also reaffirmed the US resolve to continue to work with Pakistan in combating extremism.
Published 18 Mar, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (March 17, 2008) and for Tuesday (March 18, 2008).
Published 18 Mar, 2008 12:00am
Nawaz says new parliament to be sovereign

Nawaz says new parliament to be sovereign

Pakistan Muslim League-N (PML-N) chief and former prime minister Nawaz Sharif said Monday said that by taking oath under the constitution as it was on November 2 last year the lawmakers demonstrated the new parliament would be independent and sovereign.
Published 18 Mar, 2008 12:00am
PPP to get 20 out of 40 cabinet slots

PPP to get 20 out of 40 cabinet slots

Pakistan People's Party Parliamentarians (PPPP) will get 20 out of 40 cabinet slots under the formula of parties' ratio in the National Assembly. Earlier, the two major political parties - PPPP and PML-N had agreed on a formula, presented by Ishaq Dar to
Published 18 Mar, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Colourful flags fluttered on all roads leading to the Parliament House here on Monday while erstwhile National Assembly Speaker Amir Hussain administered oath to 325 newly elected Members of the Parliament's Lower House, and indicating to new legislators
Published 18 Mar, 2008 12:00am
Sheikh Rashid to contest by-election after consulting party

Sheikh Rashid to contest by-election after consulting party

Former Federal Minister for Railways Sheikh Rashid Ahmad has said that he would decide about contesting by-election from NA-55 after consulting his party, PML-Q. Talking to NNI here Monday, Sheikh Rashid said that Makhdoom Javed Hashmi had vacated his Raw
Published 18 Mar, 2008 12:00am
Dr Fahmida named for Speaker slot, Kundi as Deputy

Dr Fahmida named for Speaker slot, Kundi as Deputy

Pakistan People's Party (PPP) on Monday nominated Dr Fahmida Mirza, a directly elected female member from Badin district, for the slots of Speaker of National Assembly, and a youngster from North-West Frontier Province (NWFP) as Deputy Speaker.Fahmida wil
Published 18 Mar, 2008 12:00am
Gillani says he will support Zardari as Prime Minister

Gillani says he will support Zardari as Prime Minister

Vice chairman Pakistan People's Party (PPP), Syed Yousaf Raza Gillani, has said that he was not a candidate for the slot of Speaker National Assembly, adding he will support Asif Zardari as next prime minister. Talking to Business Recorder the PPP
Published 18 Mar, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
'Political administration asked to ensure Mehsud's arrest'

'Political administration asked to ensure Mehsud's arrest'

Punjab police have contacted the political administration of the Federally Administered Tribal Areas (Fata) to make sure the immediate arrest of Taliban leader Baitullah Mehsud, absconder in assassination of Benazir Bhutto and other accused in this case,
Published 18 Mar, 2008 12:00am
FBI presence in bombed diner adds to murk

FBI presence in bombed diner adds to murk

Police carried out a dragnet following a bomb attack on Saturday night that killed a Turkish woman and wounded four FBI agents among several other people dining at a Italian restaurant in Islamabad. But police said on Monday they have so far been unable t
Published 18 Mar, 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 (March 17, 2008).

Published 18 Mar, 2008 12:00am
SSUET to add KCCI nominee in technical body

SSUET to add KCCI nominee in technical body

Sir Syed University of Engineering and Technology (SSUET) will include a nominee of Karachi Chamber of Commerce and Industry (KCCI) in the university's Technical Committee. This was decided in a meeting of Dr Professor Syed Nazir Ahmed with President KCCI
Published 18 Mar, 2008 12:00am
Faculties threaten to boycott exams

Faculties threaten to boycott exams

College faculties have threatened to boycott the upcoming intermediate examinations, if the government fails to furnish their demands with immediate effect.
Published 18 Mar, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
Virtual university offers admissions

Virtual university offers admissions

Virtual University (VU) has invited applications for admission in various disciplines for Spring 2008 session. Application forms can be obtained from the university campuses at a cost of Rs 200 or downloaded from the website http://www.vu.edu.pk/apply. La
Published 18 Mar, 2008 12:00am
Increase in fares of taxi, rickshaws

Increase in fares of taxi, rickshaws

The increase in petroleum prices announced by the government has added to the price spiral and a chain reaction in which people at all levels will be paying more for all services and essentials, reports UPP correspondent.
Published 18 Mar, 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 (March 17, 2008).

Published 18 Mar, 2008 12:00am
Gold at record high

Gold at record high

Gold on Monday surged to a new record peak of Rs 20,657 per 10 grams after its price in the world market rise to 10,024 an ounce on the back of weak dollar and slowing US economy indications, traders said. The yellow metal's per tola price also touched th
Published 18 Mar, 2008 12:00am
Roll-out ceremony of MI-171 helicopter held

Roll-out ceremony of MI-171 helicopter held

A roll-out ceremony was held upon completion of overhaul of first MI-171 helicopter of Pakistan Air Force (PAF) at Rotary Wing Centre of Excellence at 102 AED PAF Base Faisal. This was stated in a press release of Directorate of Media Affairs, PAF, here o
Published 18 Mar, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
PAF female pilots complete operational conversion course

PAF female pilots complete operational conversion course

The female pilots of Pakistan Air Force achieved yet another landmark by completing their operational conversion on F-7 fighter aircraft through consistent hard work, consummate dedication and exemplary spirit.
Published 18 Mar, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
Waqar promoted to rank of Real Admiral

Waqar promoted to rank of Real Admiral

The government has announced the promotion of Commodore Waqar Siddiq to the rank of Rear Admiral with an immediate effect. According to a press release of Pakistan Navy issued here on Monday, Rear Admiral Waqar Siddiq was commissioned in Logistics Branch
Published 18 Mar, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
SCB donates Rs 18 million to LRBT

SCB donates Rs 18 million to LRBT

The Standard Chartered Bank (SCB) has extended a donation of Rs 18 million to the LRBT, which provides free eye-care facility. An announcement to this effect was made in a statement issued here on Monday.
Published 18 Mar, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
SHC bench reserves judgement on petition by Mirani

SHC bench reserves judgement on petition by Mirani

A division bench of High Court of Sindh comprising Justice Azizullah M.Memon and Justice Arsahd Noor Khan on Monday reserved judgement in a petition filed by Aftab Shabaan Mirani against Dr Ibrahim Jatoi of National Peoples Party (NPP) led by former Prime
Published 18 Mar, 2008 12:00am
Fahim ready to support Zardari as Prime Minister

Fahim ready to support Zardari as Prime Minister

Pakistan People's Party Senior Vice Chairman, Makhdoom Amin Fahim on Monday night said that he is ready to support PPP co-chairman Asif Ali Zardari as next prime minister of Pakistan, Aaj TV reported.
Published 18 Mar, 2008 12:00am
JPMC symposium on March 25

JPMC symposium on March 25

Forty fifth annual medical symposium of Jinnah Post Graduate Medical Center (JPMC) will begin on March 25 with the theme "Health for Under-Privileged." Chairman of the symposium committee, Professor Dr Mussarat Hussain here on Monday invited registrations
Published 18 Mar, 2008 12:00am
CDGK to establish superstores under public-private venture

CDGK to establish superstores under public-private venture

On the directive of the Nazim, City District Government Karachi (CDGK), Syed Mustafa Kamal, the CDGK has started construction work for establishing big departmental and superstores in the city government's markets, inter-city bus terminals, cinema halls a
Published 18 Mar, 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 1st March 2008.

Published 18 Mar, 2008 12:00am
Illiteracy termed barrier against women's empowerment

Illiteracy termed barrier against women's empowerment

Speakers in a seminar have called upon the society, educational institutes and policy makers to work jointly for empowering the rural womenfolk by providing them education, health and other basic facilities.
Published 18 Mar, 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 1st March 2008.

Published 18 Mar, 2008 12:00am
Newspaper holiday

Newspaper holiday

Secretary General All Pakistan Newspapers Society, Muhammad Aslam Kazi has announced that the member publications of the APNS will observe closed holiday on Friday, March 21 on account of Eid Milad-un-Nabi (PBUH). Consequently, there will be no morning ne
Published 18 Mar, 2008 12:00am
Newspaper holiday

Newspaper holiday

Secretary General All Pakistan Newspapers Society, Muhammad Aslam Kazi has announced that the member publications of the APNS will observe closed holiday on Friday, March 21 on account of Eid Milad-un-Nabi (PBUH). Consequently, there will be no morning ne
Published 18 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
Iran and Switzerland sign gas export deal

Iran and Switzerland sign gas export deal

Iran and Switzerland on Monday signed a major agreement for Iranian gas exports to a Swiss company, in a rare energy deal between Tehran and the West as their nuclear showdown drags on.
Published 18 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
Iran and Switzerland sign gas export deal

Iran and Switzerland sign gas export deal

Iran and Switzerland on Monday signed a major agreement for Iranian gas exports to a Swiss company, in a rare energy deal between Tehran and the West as their nuclear showdown drags on.
Published 18 Mar, 2008 12:00am
Iran and Switzerland sign gas export deal

Iran and Switzerland sign gas export deal

Iran and Switzerland on Monday signed a major agreement for Iranian gas exports to a Swiss company, in a rare energy deal between Tehran and the West as their nuclear showdown drags on.
Published 18 Mar, 2008 12:00am
India signs $962 million aircraft deal with US firm

India signs $962 million aircraft deal with US firm

India plans to buy six Hercules transport planes from Lockheed Martin for nearly one billion dollars, marking the country's biggest ever military aircraft deal with the United States, officials said on Monday.
Published 18 Mar, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rates moved both ways on the currency market on Monday in process of modest trading, dealers said. The rupee rose by five paisa in relation to dollar for buying at 62.82 and it also gained six paisa for selling at 62.84, dealers said.
Published 18 Mar, 2008 12:00am
Transporters observe strike today

Transporters observe strike today

The All Karachi Transport Ittehad (AKTI) and other organisations have announced to shut down transport service on March 18 in protest against the massive increment in petroleum products prices.
Published 18 Mar, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rates moved both ways on the currency market on Monday in process of modest trading, dealers said. The rupee rose by five paisa in relation to dollar for buying at 62.82 and it also gained six paisa for selling at 62.84, dealers said.
Published 18 Mar, 2008 12:00am
Transporters observe strike today

Transporters observe strike today

The All Karachi Transport Ittehad (AKTI) and other organisations have announced to shut down transport service on March 18 in protest against the massive increment in petroleum products prices.
Published 18 Mar, 2008 12:00am
Pakistani cement gets green signal from South Africa

Pakistani cement gets green signal from South Africa

The country''s cement sector has received a green signal from the South African authorities to export cement with Pakistani tag, industry sources told Business Recorder on Monday. Presently, South Africa is facing great shortage of cement ahead of
Published 18 Mar, 2008 12:00am
Pakistani cement gets green signal from South Africa

Pakistani cement gets green signal from South Africa

The country's cement sector has received a green signal from the South African authorities to export cement with Pakistani tag, industry sources told Business Recorder on Monday. Presently, South Africa is facing great shortage of cement ahead of u
Published 18 Mar, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (March 17, 2008).

Published 18 Mar, 2008 12:00am
Pakistani cement gets green signal from South Africa

Pakistani cement gets green signal from South Africa

The country's cement sector has received a green signal from the South African authorities to export cement with Pakistani tag, industry sources told Business Recorder on Monday. Presently, South Africa is facing great shortage of cement ahead of u
Published 18 Mar, 2008 12:00am
Sugar from 18 mills unfit for human consumption

Sugar from 18 mills unfit for human consumption

The sugar produced by as many as 18 mills in Punjab and Sindh is not fit for human consumption due to three-time high ratio of sulphur dioxide which may cause serious health problems to the users, it is learnt.
Published 18 Mar, 2008 12:00am
Suicide bomber kills two policemen

Suicide bomber kills two policemen

A suicide bomber blew himself up at a police barracks in violence-plagued northern Swat valley on Monday, killing two policemen and injuring six others, police said. A young man pretending to be a recruit and holding a police uniform entered the barracks
Published 18 Mar, 2008 12:00am
Greenspan says market crisis worst since WWII

Greenspan says market crisis worst since WWII

The current crisis rocking the markets and global economy could turn out to be the worst since World War II, former US Federal Reserve chairman Alan Greenspan said in remarks published Monday. "The current financial crisis in the US is likely to be judged
Published 18 Mar, 2008 12:00am
Reliance Energy eyes India road, rail deals

Reliance Energy eyes India road, rail deals

India's Reliance Energy Ltd said on Monday it will focus on infrastructure projects in its home market, where it sees the biggest opportunities as the country develops roads and rails and builds airports.
Published 18 Mar, 2008 12:00am
ISE index sheds 16.27 points

ISE index sheds 16.27 points

Equities showed negative signs at the Islamabad Stock Exchange (ISE) on Monday where bears controlled the proceedings under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 16.27 points from 3,238.83 to 3,222.56 points.
Published 18 Mar, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Mar, 2008 12:00am
ISE index sheds 16.27 points

ISE index sheds 16.27 points

Equities showed negative signs at the Islamabad Stock Exchange (ISE) on Monday where bears controlled the proceedings under the lead of hot favourite amid decrease in index. ISE-10 Index was down by 16.27 points from 3,238.83 to 3,222.56 points.
Published 18 Mar, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Mar, 2008 12:00am
LSE index loses 47.31 points

LSE index loses 47.31 points

Share prices have moved unevenly since uncertainty about the prime ministerial office on Monday gripped the Lahore Stock Exchange (LSE), where majority of players preferred off-loading while others stayed away. The LSE-25 Index retreated to 4,772.20 point
Published 18 Mar, 2008 12:00am
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