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Print - 2008-04-02
Drive to curb hoax calls, SMS

Drive to curb hoax calls, SMS

The telecom technology wizards have worked miracles - inventing, devising and designing a palm size wonder gadget encompassing needs, pursuits and activities of all segments of society in its entirety. These gadgets - cellular mobile phones have brought a
Published 02 Apr, 2008 12:00am
Smaller corn crop renews debate

Smaller corn crop renews debate

A sharp reduction in the US corn harvest this year will squeeze consumers further at the grocery store and spark more criticism over using corn to make biofuel instead of food. "It's our worst fears coming to pass," said Gregg Doud, an economist for the N
Published 02 Apr, 2008 12:00am
New York cotton futures surge

New York cotton futures surge

Cotton futures surged to a strong finish Tuesday on suspected consumer and trade buying and the market may see some follow-through interest in the days ahead, brokers said.
Published 02 Apr, 2008 12:00am
Copper descends

Copper descends

Copper fell more than 2 percent on Tuesday as investors took profits at the start of the new quarter and some looked to other assets, analysts said. The London Metal Exchange-traded metal, mainly used in the power and construction sectors, rose by some 25
Published 02 Apr, 2008 12:00am
London gold tumbles

London gold tumbles

Gold tumbled to a two-month low below the key $900-an-ounce level on Tuesday as a dollar rise against the euro dampened the metal's appeal as an alternative investment and triggered bullion selling. Falling oil prices also put pressure on gold, which is t
Published 02 Apr, 2008 12:00am
US MIDDAY: coffee little changed, cocoa dips

US MIDDAY: coffee little changed, cocoa dips

Arabica coffee futures trading on ICE Futures US were little changed in early trade Tuesday amid light long-liquidation with roasters buying the dips, while US cocoa futures continued downward. ICE May coffee down 0.35 cent at $1.2705 per lb at 9:32 am ED
Published 02 Apr, 2008 12:00am
US MIDDAY: sugar eases

US MIDDAY: sugar eases

ICE Futures electronic May sugar fell 0.04 cent to 11.65 cents per lb by 8:16 am, trading 11.55 to 11.77 cents. Volume at 4,681 lots. Traders said strengthening dollar could put soft commodities like sugar under pressure at the start of the second quarter
Published 02 Apr, 2008 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Wheat futures on the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange were lower early on Tuesday on follow-through weakness from Monday's bearish USDA stocks report and a broad sell-off in commodities, traders sai
Published 02 Apr, 2008 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

May corn was up 16-3/4 cents at $5.84 per bushel, new-crop December up 12 at $5.93. Rallied as soyabeans rose. Lingering support from bullish USDA quarterly stocks and planting figures issued on Monday. Both numbers came in lower than most analysts expect
Published 02 Apr, 2008 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

Chicago Board of Trade soyabean futures turned up by Tuesday's midsession, led by the new-crop months as the old-crop/new-crop soya and corn/soya spreads adjusted, traders said. New-crop soyabeans were technically oversold after several down days while ne
Published 02 Apr, 2008 12:00am
US MIDDAY: copper rebounds

US MIDDAY: copper rebounds

US copper futures at the New York Mercantile Exchange's Comex division rebounded off their worst levels early Tuesday, with better-than-expected US economic data boosting sentiment. Active May copper was down 7.65 cents or nearly 2 percent at $3.7545 per
Published 02 Apr, 2008 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

US gold futures on the Comex division of the New York Mercantile Exchange sank to a 10-week low on Tuesday, and other precious metals also fell sharply, hit by a rising dollar in a broad commodities sell-off. Gold futures tumbled by de-leveraging across a
Published 02 Apr, 2008 12:00am
Government to provide quality education: Marghoob

Government to provide quality education: Marghoob

A Pakistan Muslim League-Nawaz (PML-N) Member of the National Assembly has pledge that new government will provide quality education without any discrimination. Mian Marghoob's comments came in a prize distribution ceremony of the Sun Shine School System
Published 02 Apr, 2008 12:00am
Larkana Express route changed

Larkana Express route changed

The Pakistan Railways has changed the route and launching date of the second special train linking Karachi with Larkana. The new train, "Larkana Express", will now leave Karachi for Larkana on April 2 instead of April 3, via Haiderabad, Nawabshah, Rohrey,
Published 02 Apr, 2008 12:00am
All Pakistan lawyers convention on April 12

All Pakistan lawyers convention on April 12

The third All Pakistan Lawyers Convention (APLC) will be held at Karachi on April 12, which would be attended by the legal community from all over the country. Vice President Pakistan Bar Council Aziz Akbar Baig informed in a press statement issued here o
Published 02 Apr, 2008 12:00am
Nato seeks to revamp Afghan mission

Nato seeks to revamp Afghan mission

Judging a war used to be so much easier: one side would advance and the other would retreat. Eventually, one of the two would wave a white flag and surrender. But 21st century warfare is far more complex. Ask an expert which side is winning in Afghanistan
Published 02 Apr, 2008 12:00am
GOOD MORNING: Kashmir remains a minefield

GOOD MORNING: Kashmir remains a minefield

One would have expected a far better turnout of members and guests to hear Mr Satyabrata Pal, High Commissioner of India to Pakistan, last week when he spoke on the wide-ranging and important theme of "implementation and progress of Confidence Building Me
Published 02 Apr, 2008 12:00am
Harmonisation and diversity in the age of globalisation

Harmonisation and diversity in the age of globalisation

In pursuit of the Millennium Development Goals, the heads of multilateral and bilateral development institutions, and representatives of other financial institutions and partner countries gathered in Rome, Italy in February, 2003 to deliberate on ways and
Published 02 Apr, 2008 12:00am
Fiscal discipline is the key

Fiscal discipline is the key

The State Bank of Pakistan (SBP) is certain that most of the present problems of the economy are rooted in the widening fiscal deficit of the country. According to its second quarterly report for the year 2007-08 released on 31st March, the fiscal deficit
Published 02 Apr, 2008 12:00am
ASRB meeting

ASRB meeting

The 18th meeting of the Advanced Studies and Research Board (ASRB) of the University of Veterinary and Animal Sciences (UVAS), Lahore, held here on Tuesday with its Vice-Chancellor Professor Dr Muhammad Nawaz in the chair.
Published 02 Apr, 2008 12:00am
Restoration of student, trade unions lauded

Restoration of student, trade unions lauded

Political and student leaders in Azad Jammu and Kashmir have commended the decision of Prime Minister Yousuf Raza Gilani to restore student and trade unions. People's Students Federation Kotli district President Syed Faisal Shah said Quaid-e-Awam Zulfikar
Published 02 Apr, 2008 12:00am
Protests against disruption of water supply

Protests against disruption of water supply

People from different cities of southern Punjab staged protest against the disruption of water supply to Sidhnai Mailsa canal. Farmers strongly protested against this act. They said that canals are without water for the last five months and the under grou
Published 02 Apr, 2008 12:00am
Haqqani terms US officials' visit good development

Haqqani terms US officials' visit good development

Minister At Large, Hussain Ahmed Haqqani Tuesday said that inappropriate timing to the recent visit of US high officials to Pakistan notwithstanding it will usher good for Pak-US relations.
Published 02 Apr, 2008 12:00am
Two PML-N ministers' portfolios revised

Two PML-N ministers' portfolios revised

The Cabinet Division on Tuesday issued a notification revising the portfolios of two PML (N) ministers. According to the notification, Tehmina Daultana will hold the portfolio of the Ministry of Science and Technology, while Saad Rafique has been allotted
Published 02 Apr, 2008 12:00am
Two PML-N ministers' portfolios revised

Two PML-N ministers' portfolios revised

The Cabinet Division on Tuesday issued a notification revising the portfolios of two PML (N) ministers. According to the notification, Tehmina Daultana will hold the portfolio of the Ministry of Science and Technology, while Saad Rafique has been allotted
Published 02 Apr, 2008 12:00am
Khawaja Asif sees change in US war on terror's approach

Khawaja Asif sees change in US war on terror's approach

Minister for Petroleum and Natural Resources Khawaja Muhammad Asif Tuesday said that US Administration appears to be ready to consider the option of mixing administrative and political approach in their war on terror in the region.
Published 02 Apr, 2008 12:00am
Government striving to bring progress, prosperity: minister

Government striving to bring progress, prosperity: minister

Minister for Petroleum and Natural Resources, Khawaja Muhammad Asif said on Tuesday that the spirit of the new government team is high and with the help of Almighty Allah and support of the people it will be able to put the country on path to progress and
Published 02 Apr, 2008 12:00am
GCU treasurer, clerk arrested for fraud

GCU treasurer, clerk arrested for fraud

The Punjab Anti-Corruption Establishment has brought a case against the treasurer and the head clerk of the Government College University (GCU) in Faisalabad after being found guilty of misusing the college funds.
Published 02 Apr, 2008 12:00am
Mega food development projects launched in AJK

Mega food development projects launched in AJK

The AJK government has launched various major food development projects in various parts of the liberated territory including Mirpur and Bhimbher districts of Mirpur division in order to meet local needs of food in Azad Jammu Kashmir, official sources sai
Published 02 Apr, 2008 12:00am
Private investment in textile, clothing declines

Private investment in textile, clothing declines

According to Berger Technology Report for February 2008, Pakistan's foreign direct private investment in textile and clothing sector declined by 55 percent during the first seven months of the current fiscal year.
Published 02 Apr, 2008 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based recovery under the lead of hot favourite amid increase in index. ISE-10 Index showed an increase of 8.15 points, as it moved from 3,205.02 to 3,2
Published 02 Apr, 2008 12:00am
Bulls stage comeback on ISE

Bulls stage comeback on ISE

Bulls returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities witnessed broad-based recovery under the lead of hot favourite amid increase in index. ISE-10 Index showed an increase of 8.15 points, as it moved from 3,205.02 to 3,2
Published 02 Apr, 2008 12:00am
Africa's economies grew 5.8 percent in 2007: UN

Africa's economies grew 5.8 percent in 2007: UN

Africa's economies grew an average 5.8 percent in 2007 from 5.7 percent a year ago partly due to increased commodity prices but the growth failed to trickle down to the poor, the United Nations said on Tuesday.
Published 02 Apr, 2008 12:00am
Microsoft not planning to up bid for Yahoo

Microsoft not planning to up bid for Yahoo

Microsoft is not planning to raise its 44.6-billion-dollar bid for Yahoo, the Wall Street Journal reported Tuesday. The newspaper cited people close to Microsoft's hostile February 1 offer for Yahoo as insisting that no higher bid to its original price of
Published 02 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday April 01, 2008).

Published 02 Apr, 2008 12:00am
Public bailouts among options listed for G7

Public bailouts among options listed for G7

Steps as drastic as bank bailouts and mortgage repurchases with public money are among options the Financial Stability Forum could recommend to G7 powers to combat the financial markets crisis, according to two sources Reuters spoke to on Friday.
Published 02 Apr, 2008 12:00am
US aviation watchdog issues landing-gear safety alert

US aviation watchdog issues landing-gear safety alert

US aviation regulators have slapped a safety alert on landing-gear parts supplied to "hundreds" of Boeing widebody aircraft around the world in recent years, the Wall Street Journal said Tuesday.
Published 02 Apr, 2008 12:00am
Incorporating in new budget: EDB finalises proposals for steel sector

Incorporating in new budget: EDB finalises proposals for steel sector

The Engineering Development Board (EDB) has finalised its recommendations on steel sector to be incorporated in the budget 2008-09. These recommendations, according to the EDB, were finalised in a meeting of the committee on competitiveness and efficiency
Published 02 Apr, 2008 12:00am
President urges OIC states to focus on technology advancement

President urges OIC states to focus on technology advancement

President Pervez Musharraf on Tuesday called for utilising the real potential of the Islamic world through collective resolve and by focusing on technological advancement and ensuring energy, water and food security.
Published 02 Apr, 2008 12:00am
ABL earns Rs 4.076 billion profit

ABL earns Rs 4.076 billion profit

The shareholders of the Allied Bank Limited (ABL) in their 62nd Annual General Meeting adopted the Annual Accounts of the Bank for the year 2007, says a press release. The meeting was chaired by Mohammad Naeem Mukhtar, chairman, Board of Directors, repres
Published 02 Apr, 2008 12:00am
ABL earns Rs 4.076 billion profit

ABL earns Rs 4.076 billion profit

The shareholders of the Allied Bank Limited (ABL) in their 62nd Annual General Meeting adopted the Annual Accounts of the Bank for the year 2007, says a press release. The meeting was chaired by Mohammad Naeem Mukhtar, chairman, Board of Directors, repres
Published 02 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday April 01, 2008).

Published 02 Apr, 2008 12:00am
Two tribal elders killed in militant attack

Two tribal elders killed in militant attack

The Taliban militants ambushed a van carrying pro-government tribal elders in a north-western region, killing two tribal leaders and wounding seven others on Tuesday, police said. The elders were returning to Mingora, the main town in the insurgency-hit S
Published 02 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday April 01, 2008).

Published 02 Apr, 2008 12:00am
$14.837 million towel products export orders lost

$14.837 million towel products export orders lost

With increasing complaints from foreign buyers over the escalating prices of towel products, the country has lost foreign orders worth $14.837 million of towel products during July-February period of the current fiscal year, exporters said on Tuesday.
Published 02 Apr, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday April 01, 2008).

Published 02 Apr, 2008 12:00am
$14.837 million towel products export orders lost

$14.837 million towel products export orders lost

With increasing complaints from foreign buyers over the escalating prices of towel products, the country has lost foreign orders worth $14.837 million of towel products during July-February period of the current fiscal year, exporters said on Tuesday.
Published 02 Apr, 2008 12:00am
$14.837 million towel products export orders lost

$14.837 million towel products export orders lost

With increasing complaints from foreign buyers over the escalating prices of towel products, the country has lost foreign orders worth $14.837 million of towel products during July-February period of the current fiscal year, exporters said on Tuesday.
Published 02 Apr, 2008 12:00am
Privatisation to be made workers-friendly: Qamar

Privatisation to be made workers-friendly: Qamar

The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal
Published 02 Apr, 2008 12:00am
Privatisation to be made workers-friendly: Qamar

Privatisation to be made workers-friendly: Qamar

The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal
Published 02 Apr, 2008 12:00am
Privatisation to be made workers-friendly: Qamar

Privatisation to be made workers-friendly: Qamar

The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal
Published 02 Apr, 2008 12:00am
Swiss case against Zardari dropped

Swiss case against Zardari dropped

Pakistan has dropped out of a 60 million Swiss franc ($59.6 million) Swiss money-laundering case against the widower of assassinated former prime minister Benazir Bhutto, its lawyers said on Tuesday.
Published 02 Apr, 2008 12:00am
Swiss case against Zardari dropped

Swiss case against Zardari dropped

Pakistan has dropped out of a 60 million Swiss franc ($59.6 million) Swiss money-laundering case against the widower of assassinated former prime minister Benazir Bhutto, its lawyers said on Tuesday.
Published 02 Apr, 2008 12:00am
Goods manufactured by EOUs: FBR allows tax-free import, export

Goods manufactured by EOUs: FBR allows tax-free import, export

The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
Published 02 Apr, 2008 12:00am
Goods manufactured by EOUs: FBR allows tax-free import, export

Goods manufactured by EOUs: FBR allows tax-free import, export

The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
Published 02 Apr, 2008 12:00am
Goods manufactured by EOUs: FBR allows tax-free import, export

Goods manufactured by EOUs: FBR allows tax-free import, export

The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
Published 02 Apr, 2008 12:00am
Goods manufactured by EOUs: FBR allows tax-free import, export

Goods manufactured by EOUs: FBR allows tax-free import, export

The Federal Board of Revenue (FBR) has exempted customs duty, sales tax and federal excise duty (FED) on import and export of all kinds of goods by the manufacturers-cum-exporters of the Export Oriented Units (EOUs), encouraging new sectors to maximise ex
Published 02 Apr, 2008 12:00am
Indian cotton suppliers resume shipment

Indian cotton suppliers resume shipment

The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global
Published 02 Apr, 2008 12:00am
Indian cotton suppliers resume shipment

Indian cotton suppliers resume shipment

The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global
Published 02 Apr, 2008 12:00am
Indian cotton suppliers resume shipment

Indian cotton suppliers resume shipment

The Indian suppliers have started sending cotton to their Pakistani counterparts immediately after price decrease in the domestic and international markets, sources told Business Recorder here on Tuesday. Tempted by sudden price hike in the global
Published 02 Apr, 2008 12:00am
US Treasury says top global banks shunning Iran

US Treasury says top global banks shunning Iran

The world's top banks have largely stopped dealing with Iran in response to US and UN sanctions, and industrialised countries are working on further steps to combat financing for weapons proliferation, a senior Treasury official said on Tuesday.
Published 02 Apr, 2008 12:00am
US Treasury says top global banks shunning Iran

US Treasury says top global banks shunning Iran

The world's top banks have largely stopped dealing with Iran in response to US and UN sanctions, and industrialised countries are working on further steps to combat financing for weapons proliferation, a senior Treasury official said on Tuesday.
Published 02 Apr, 2008 12:00am
US Treasury says top global banks shunning Iran

US Treasury says top global banks shunning Iran

The world''s top banks have largely stopped dealing with Iran in response to US and UN sanctions, and industrialised countries are working on further steps to combat financing for weapons proliferation, a senior Treasury official said on Tuesday.
Published 02 Apr, 2008 12:00am
UK's top share index jumps

UK's top share index jumps

Britain's top share index ended sharply higher on Tuesday, entering the second quarter in buoyant mood as financials jumped on hopes that European bank writedowns signalled that the worst was over for the sector. The FTSE 100 ended up 2.6 percent, or 150.
Published 02 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Apr, 2008 12:00am
Asian bonds higher

Asian bonds higher

Asian bonds rose on Tuesday, boosted by regional equities and a set of strong economic data out of the United States. But gains were capped by investors' persistent doubts about the health of the world's biggest economy. "I don't think there is a whole lo
Published 02 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday April 01, 2008).

Published 02 Apr, 2008 12:00am
Asian bonds higher

Asian bonds higher

Asian bonds rose on Tuesday, boosted by regional equities and a set of strong economic data out of the United States. But gains were capped by investors' persistent doubts about the health of the world's biggest economy. "I don't think there is a whole lo
Published 02 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Apr, 2008 12:00am