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Print - 2008-03-21
Labour leaders vow to stand by democratic forces

Labour leaders vow to stand by democratic forces

Labour leaders have vowed to stand firmly by the democratic forces in times of trials and frustrate all attempts to derail process of democratisation in the country.
Published 21 Mar, 2008 12:00am
HRCP condemns gang rape at mausoleum of Quaid-i-Azam

HRCP condemns gang rape at mausoleum of Quaid-i-Azam

In a joint statement issued to the press, Iqbal Haider, Secretary General, Human Rights Commission of Pakistan (HRCP) and Zohra Yusuf, Vice Chairperson, HRCP has strongly condemned the abduction, gang rape and humiliation of a 19 years old newly-wed woman
Published 21 Mar, 2008 12:00am
Qaim meets Karachi businessmen

Qaim meets Karachi businessmen

Nominated Chief Minister of Sindh, Syed Qaim Ali Shah has assured business community that economic policies would be made in consultation with representatives of business community. Talking to a 35 member delegation of Karachi Chamber of Commerce and Indu
Published 21 Mar, 2008 12:00am
Correction

Correction

Apropos a news item "Iodised salt sale to be prohibited from June" carried by Business Recorder on March 20, the headline of this item should be read as "Substandard Iodised salt sale to be prohibited from June".
Published 21 Mar, 2008 12:00am
Apparel exporters seek facilities for access to EU, US markets

Apparel exporters seek facilities for access to EU, US markets

Apparel exporters have demanded of the government to provide them with zero-rated export facility and duty-free access to EU and US markets to tackle the rising unemployment in the country. They said on Thursday that high cost of production, export levies
Published 21 Mar, 2008 12:00am
PAL to hold trilingual Mushaira on March 25

PAL to hold trilingual Mushaira on March 25

Pakistan Academy of Letters (PAL) Peshawar Chapter is holding a trilingual (Urdu, Pushto and Hindko) Mushaira in connection with the "Pakistan Day" celebrations on Tuesday, 25th March 2008 at 3.00 pm, at Peshawar Press Club.
Published 21 Mar, 2008 12:00am
Kashmir issue to be taken up in world fora: Sultan Mehmood

Kashmir issue to be taken up in world fora: Sultan Mehmood

The Former Prime Minister (PM), Azad Jammu and Kashmir AJK, Barrister Sultan Mehmood Chaudhry on Thursday stressed to the raise Kashmir issue at world fora and expedite diplomatic efforts in Pakistan and abroad.
Published 21 Mar, 2008 12:00am
IFC launches first credit bureau scoring system

IFC launches first credit bureau scoring system

International Finance Corporation (IFC), a member of the World Bank Group, and DataCheck Pvt Ltd, Pakistan's leading private credit bureau, Thursday launched the first credit bureau scoring system in the country, which will enhance the credit environment
Published 21 Mar, 2008 12:00am
Collective efforts to improve sanitation stressed

Collective efforts to improve sanitation stressed

Caretaker Minister for Environment, Syed Wajid Hussain Bokhari on Thursday urged all stakeholders to join hands for coping with the situation emerging due to poor sanitation in the country. "We need collective efforts to meet this challenge as well as the
Published 21 Mar, 2008 12:00am
Karzai greets Fehmida

Karzai greets Fehmida

Afghan President Hamid Karzai welcomed on Thursday the appointment of a woman as Speaker of Pakistan's new parliament for the first time in the neighbouring Muslim country's 60-year history, his office said.
Published 21 Mar, 2008 12:00am
Saarc chamber president to visit Faisalabad on March 23

Saarc chamber president to visit Faisalabad on March 23

President Tariq Syeed, Vice President Iftikhar Ali Malik of Saarc Chamber of Commerce and Industry along with the president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Tanveer A Sheikh, will visit Faisalabad here on Sunday, March
Published 21 Mar, 2008 12:00am
Rs 45 billion cotton imported due to low yield

Rs 45 billion cotton imported due to low yield

Chairman Cotton Brokers Forum, Naseem Usman has said that in the current season cotton of Rs 45 billion has been imported till now. It is expected that at the end of the season, cotton of about Rs 55 billion would have been imported.
Published 21 Mar, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (March 20, 2008) and the forecast for Friday (March 21, 2008).
Published 21 Mar, 2008 12:00am
USAID gives grants to 20 NGOs for clean water

USAID gives grants to 20 NGOs for clean water

The United States Agency for International Development (USAID) on Thursday awarded grants to 20 local non-governmental organisations (NGOs) to instruct communities in 10 districts and two Federally Administered Tribal Area agencies on clean water and hygi
Published 21 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 21 Mar, 2008 12:00am
ADB to provide $0.8 million to improve agriculture-marketing network

ADB to provide $0.8 million to improve agriculture-marketing network

The Asian Development Bank (ADB) will provide 0.8 million dollars for market infrastructure project, formerly Rural Business Development Project and Rural Economy Business Development Project, for updating strategy to guide a long-term programme for agric
Published 21 Mar, 2008 12:00am
NWFP government to invite local militants for talks: Hoti

NWFP government to invite local militants for talks: Hoti

NWFP chief minister designate Amir Haider Khan Hoti has said that the coalition government in the province will give top priority to law and order and for that matter they will invite militants for talks. He said he had already asked the concerned authori
Published 21 Mar, 2008 12:00am
Former US diplomat meets Owais Ghani

Former US diplomat meets Owais Ghani

Ambassador Richard Holbrooke, former US permanent representative to the United Nations, who also currently holds chair of the Asia Society called on the NWFP Governor Owais Ahmed Ghani here on Tuesday. The NWFP caretaker Chief Minister Shamsul Mulk was al
Published 21 Mar, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
President felicitates National Assembly speaker, deputy Speaker

President felicitates National Assembly speaker, deputy Speaker

President Pervez Musharraf on Thursday telephoned the newly elected Speaker and Deputy Speaker of the National Assembly and felicitates them on their success. The President, particularly, felicitated Dr Fehmida Mirza for being the first woman speaker of t
Published 21 Mar, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (March 20, 2008) and for Friday (March 21, 2008).
Published 21 Mar, 2008 12:00am
Speakers urge new government to rationalise PSDP

Speakers urge new government to rationalise PSDP

The new government, which faces enormous economic challenges, has to rationalise Public Sector Development Program (PSDP) and reduce non-development expenditure to provide immediate relief to the masses, said coalition partners in the government on Thursd
Published 21 Mar, 2008 12:00am
Expert warns Pakistan on brink of water-scarcity

Expert warns Pakistan on brink of water-scarcity

An IUCN expert has cautioned that Pakistan is on the borderline of water scarce nation and the situation would further be exacerbated by the impending climatic changes.
Published 21 Mar, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
PPP leader defends Fahim's credibility

PPP leader defends Fahim's credibility

Senior leader of Pakistan People's Party (PPP), Senator Safdar Abbasi on Thursday termed Khawaja Asif's statement against Amin Fahim as inappropriate and said the latter had been meeting government officials after permission of martyred Benazir Bhutto.
Published 21 Mar, 2008 12:00am
Consumer Day seminar held

Consumer Day seminar held

The Punjab Consumer Protection Council and the Technology Up-gradation and Skill Development Company (Tusdec) have jointly organised a seminar in Dera Ghazi Khan to create awareness about the hazards of sub-standard products and services.
Published 21 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
Wateen, Warid Telecom evolving as major players

Wateen, Warid Telecom evolving as major players

Wateen Telecom and Warid Telecom under the Warid Telecom International (WTI) umbrella are quickly evolving as major players in the emerging markets of South Asia, Africa and now Eastern Europe.
Published 21 Mar, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
IICT holds lecture on collaborative publications

IICT holds lecture on collaborative publications

The Senior Research Fellow of Brunel University London, Dr Syed Ghulam Sarwar has said that the scholars of the Institute of Information and Communication Technology (IICT) should conduct research on key social issues.
Published 21 Mar, 2008 12:00am
Pakistan considers higher wheat support price

Pakistan considers higher wheat support price

Pakistan is considering raising the price it pays farmers for wheat by at least 18 percent after failing to persuade to them to sell the grain for strategic stocks at current rates, a government official said on Thursday.
Published 21 Mar, 2008 12:00am
'Overpopulation, poverty indirectly related to security problems'

'Overpopulation, poverty indirectly related to security problems'

Speakers in a day-long national conference on "internal threats to Pak security" have stressed the need for adopting effective measures to increase the level of awareness, preparedness and response to the internal threats to the security of Pakistan.
Published 21 Mar, 2008 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Bearish sentiment was witnessed on the interbank market on Thursday as the rupee shed four paisa against dollar for buying at 62.88 and it also fell by three paisa for selling at 62.90, dealers said.
Published 21 Mar, 2008 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Bearish sentiment was witnessed on the interbank market on Thursday as the rupee shed four paisa against dollar for buying at 62.88 and it also fell by three paisa for selling at 62.90, dealers said.
Published 21 Mar, 2008 12:00am
'Quaid-e-Azam desires Pakistan to be an Islamic welfare state'

'Quaid-e-Azam desires Pakistan to be an Islamic welfare state'

The old debate whether the Father of the Nation desired Pakistan to be an Islamic or secular state has not come to an end. It was revived by the biographer of the Quaid-i-Azam, Rizwan Ahmad, during a talk he gave in a function hosted by Nazriya Pakistan C
Published 21 Mar, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
World Water Day: 'hydropower projects needed to solve energy crisis'

World Water Day: 'hydropower projects needed to solve energy crisis'

Water Member of Wapda Engineer Muhammad Mushtaq Chaudhry has said that Pakistan is emerging like many countries as one of the water scarce country - as a World Bank Report says - because of high population pressure and urbanisation and industrialisation.
Published 21 Mar, 2008 12:00am
Indian fisherman dies in custody

Indian fisherman dies in custody

An Indian fisherman died in a police hospital here on Thursday, prisons officials said, citing "medical reasons." Laxman Kanji, 40, had been shifted to the police hospital from a Karachi jail after he complained of pain in his stomach last week, they said
Published 21 Mar, 2008 12:00am
Four cattle farms gutted

Four cattle farms gutted

At least 250 buffaloes were burnt alive and over 300 received injuries when a fire gutted four dairy farms in cattle colony on Thursday. Official in the fire brigade department told Business Recorder that the fire broke out in one of the farms when
Published 21 Mar, 2008 12:00am
Bush keen on ensuring dollar stability in international market

Bush keen on ensuring dollar stability in international market

The US government headed by President George Bush is keen on ensuring the stability of the US dollar in the international foreign exchange market and make sure that the US dollar continues its role as the major reserve currency in the world, reports UPP s
Published 21 Mar, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Mar, 2008 12:00am
Navy chief highlights long-standing relations with Qatar

Navy chief highlights long-standing relations with Qatar

Asymmetric threats, exploitation of ocean resources and pollution are the challenges presently being faced by the navies around the world, said Chief of the Naval Staff, Admiral Muhammad Afzal Tahir. He was addressing International Maritime Defence confer
Published 21 Mar, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Mar, 2008 12:00am
Archdiocese launches online edition of 'Agahi'

Archdiocese launches online edition of 'Agahi'

Archdiocese of Karachi has achieved yet another milestone by launching online edition of Agahi - the Archdiocesan Urdu Weekly, here on Holy Thursday in a simple but impressive ceremony, says a press release.
Published 21 Mar, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Mar, 2008 12:00am
Pakistan and Zambia sign MoU to enhance trade

Pakistan and Zambia sign MoU to enhance trade

Pakistan Embassy in Zambia has signed a Memorandum of Understanding (MoU) with the Ministry of Commerce, Zambia, for enhancing bilateral trade between the two countries.
Published 21 Mar, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
Nasrin Jalil leaves for London

Nasrin Jalil leaves for London

City Naib Nazim, Nasrin Jalil, accompanied by her husband and former Advisor Finance M A Jalil, Thursday left for London on a week-long private visit.
Published 21 Mar, 2008 12:00am
Ibad felicitates Hindus, Christians, Parsis

Ibad felicitates Hindus, Christians, Parsis

Sindh Governor, Dr Ishrat-ul-Ibad Khan has extended felicitations to Hindu, Christian and Parsi communities in the province on their festive days of Holi, Good Friday and Nauroz.
Published 21 Mar, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Mar, 2008 12:00am
Artefacts smuggling case against Zardari adjourned till May 24

Artefacts smuggling case against Zardari adjourned till May 24

Special Federal Anti-Corruption Court Central II, presided by Judge Shaukat Ali Memon, on Thursday adjourned the hearing of Artefacts Smuggling case, which is commonly known as container case against Asif Ali Zardari, till May 24.
Published 21 Mar, 2008 12:00am
Pakistan''s foreign exchange reserves dip by $297 million

Pakistan''s foreign exchange reserves dip by $297 million

The foreign exchange reserves of the country declined by $297 million last week, mainly owing to rising oil import bill in the wake of soaring oil prices in the world market. According to State Bank of Pakistan (SBP), country''s overall foreign exchange r
Published 21 Mar, 2008 12:00am
Pakistan's foreign exchange reserves dip by $297 million

Pakistan's foreign exchange reserves dip by $297 million

The foreign exchange reserves of the country declined by $297 million last week, mainly owing to rising oil import bill in the wake of soaring oil prices in the world market. According to State Bank of Pakistan (SBP), country's overall foreign exchange re
Published 21 Mar, 2008 12:00am
Pakistan's foreign exchange reserves dip by $297 million

Pakistan's foreign exchange reserves dip by $297 million

The foreign exchange reserves of the country declined by $297 million last week, mainly owing to rising oil import bill in the wake of soaring oil prices in the world market. According to State Bank of Pakistan (SBP), country's overall foreign exchange re
Published 21 Mar, 2008 12:00am
UBL opens office in China

UBL opens office in China

United Bank Limited (UBL) has opened its office in China on commercial basis from Thursday. UBL President Atif Bukhari stated this while talking to a private TV channel, he said that purpose of opening office in China is to carry out transactions with glo
Published 21 Mar, 2008 12:00am
Pakistan test-flies pilotless plane

Pakistan test-flies pilotless plane

Pakistan on Thursday conducted a successful test flight of a pilotless plane, the military announced. Flight data from the Unmanned Aerial Vehicle (UAV) named "Uqaab," showed the exercise had been successful, it said in a statement.
Published 21 Mar, 2008 12:00am
Pakistan test-flies pilotless plane

Pakistan test-flies pilotless plane

Pakistan on Thursday conducted a successful test flight of a pilotless plane, the military announced. Flight data from the Unmanned Aerial Vehicle (UAV) named "Uqaab," showed the exercise had been successful, it said in a statement.
Published 21 Mar, 2008 12:00am
Pak-US collaboration in countering terrorism lauded

Pak-US collaboration in countering terrorism lauded

The US Ambassador to Pakistan, Anne W Patterson, lauded the "successful counter-terrorism partnership between Pakistan and the United States" and noted that "there is no more important task in Pakistan today than to stop the scourge of terrorism."
Published 21 Mar, 2008 12:00am
New government to be 'good and effective' US allies: Cheney

New government to be 'good and effective' US allies: Cheney

US Vice President Dick Cheney said Thursday he expected the new Pakistan government to be "good and effective" US allies, as he made a surprise visit to neighbouring Afghanistan. "I expect they'll be good and effective friends and allies of the United Sta
Published 21 Mar, 2008 12:00am
New government to be 'good and effective' US allies: Cheney

New government to be 'good and effective' US allies: Cheney

US Vice President Dick Cheney said Thursday he expected the new Pakistan government to be "good and effective" US allies, as he made a surprise visit to neighbouring Afghanistan. "I expect they'll be good and effective friends and allies of the United Sta
Published 21 Mar, 2008 12:00am
PPP demands probe into fire at BoR

PPP demands probe into fire at BoR

Pakistan People Party (PPP) parliamentary leader-designate in Sindh Assembly, Pir Mazharul Huq has demanded high level inquiry into the fire incident at Board of Revenue Sindh.
Published 21 Mar, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (March 20, 2008).

Published 21 Mar, 2008 12:00am
PPP demands probe into fire at BoR

PPP demands probe into fire at BoR

Pakistan People Party (PPP) parliamentary leader-designate in Sindh Assembly, Pir Mazharul Huq has demanded high level inquiry into the fire incident at Board of Revenue Sindh.
Published 21 Mar, 2008 12:00am