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Print - 2008-04-09
SECP elected APREA's management board member

SECP elected APREA's management board member

The Securities and Exchange Commission of Pakistan (SECP) has been elected as member of the Management Board of Asian Public Real Estate Association (APREA), which helped the commission in finalising the regulatory framework of Real Estate Investment Trus
Published 09 Apr, 2008 12:00am
NWFP to take up flour crisis with Punjab

NWFP to take up flour crisis with Punjab

The NWFP government on Tuesday decided to take up the shortage of flour with high ups of the Punjab government and seek their cooperation in overcoming the crisis in the province. The provincial cabinet, in its maiden meeting, chaired by Chief Minister Am
Published 09 Apr, 2008 12:00am
Raisani sole candidate for Balochistan chief minister slot

Raisani sole candidate for Balochistan chief minister slot

PPPP parliamentary leader Aslam Khan Raisani filed his nomination forms, for the slot of chief minister, in the Assembly Secretariat here on Tuesday. Nine duos of parliamentarians proposed and seconded his nomination forms.
Published 09 Apr, 2008 12:00am
Barcelona conference: Dr Naeem represents Pakistan

Barcelona conference: Dr Naeem represents Pakistan

Punjab University Registrar Professor Dr Muhammad Naeem Khan represented Pakistan in the three-day fourth international Barcelona conference on higher education titled "higher education - new challenges and emerging roles of human and social development".
Published 09 Apr, 2008 12:00am
LTBA demands place for bar room

LTBA demands place for bar room

Lahore Tax Bar Association (LTBA) president Mohsin Nadeem has said that tax practitioners are facing problems due of lack of suitable place to be used as Bar Room.
Published 09 Apr, 2008 12:00am
KBG concerned over unethical practice of transplantation

KBG concerned over unethical practice of transplantation

The Karachi Bioethics Group (KBG) in a meeting held on Monday took serious note of several media reports which indicate that private hospitals in Lahore and Rawalpindi have resumed their unethical practice of transplantation using kidneys bought from indi
Published 09 Apr, 2008 12:00am
Askari Bank introduces 'ATM Debit Card Secure' scheme

Askari Bank introduces 'ATM Debit Card Secure' scheme

Under an innovated value-added plan for its customers, the Askari Bank has provided security to its debit cardholders against theft and dacoity, says a press release. Askari Bank is the first in the history of banking to arrange such a scheme to counter t
Published 09 Apr, 2008 12:00am
'PBC facing Rs 433 million deficit'

'PBC facing Rs 433 million deficit'

The Pakistan Broadcasting Corporation (PBC) is facing Rs 433 million current budget deficit, Sherry Rehman, Minister for Information and Broadcasting, said while chairing a meeting at the Ministry here on Tuesday.
Published 09 Apr, 2008 12:00am
Khushhali Bank turns into public limited company

Khushhali Bank turns into public limited company

Khushhali Bank has been converted to a public limited company, incorporated with the Securities and Exchange Commission of Pakistan and licensed by the State Bank of Pakistan to operate under Microfinance Institutions Ordinance 2001 effective from April 1
Published 09 Apr, 2008 12:00am
Green houses for off-season vegetable farming set up

Green houses for off-season vegetable farming set up

A mega project to provide support to small-scale farmers in undertaking off-season farming by setting up green houses has been launched by Agribusiness Support Fund (ASF) which was created under the Rs 4.1 billion Agribusiness Development & Diversificatio
Published 09 Apr, 2008 12:00am
Broad based strategy for establishment of peace: Hoti

Broad based strategy for establishment of peace: Hoti

Chief Minister NWFP Amir Haider Khan Hoti has said that the provincial government was going to launch a comprehensive and broad-based strategy for establishment of durable and everlasting peace in the province.
Published 09 Apr, 2008 12:00am
NWFP law minister issues policy guidelines

NWFP law minister issues policy guidelines

NWFP Minister for Law and Parliamentary Affairs, Barrister Arshad Abdullah while giving policy guidelines to the authorities of his department has directed that human rights protection, elimination of child labour and creation of awareness in the public a
Published 09 Apr, 2008 12:00am
IHC adjourns former minister's bail plea hearing

IHC adjourns former minister's bail plea hearing

A Single Bench comprising Chief Justice of Islamabad High Court (IHC) Sardar Mohammad Aslam here on Tuesday adjourned hearing of Shahid Jamil Qureshi's, former federal minister for communication, bail plea till April 11.
Published 09 Apr, 2008 12:00am
Dr Dorakumbure visits SCCI

Dr Dorakumbure visits SCCI

The High Commissioner of Democratic Socialist Republic of Sri Lanka to Pakistan, Dr WB Dorakumbure has stressed the need of adopting far-reaching polices for enhancing the bilateral trade between Sri Lanka and Pakistan.
Published 09 Apr, 2008 12:00am
Qureshi says new government to improve ties with India

Qureshi says new government to improve ties with India

The new government will work to improve relations with India in key areas like trade without putting the Kashmir issue on the backburner, Foreign Minister Shah Mehmood Qureshi has said. "The Kashmir issue is on the agenda in the composite dialogue. It's o
Published 09 Apr, 2008 12:00am
DCO changes tendering procedures

DCO changes tendering procedures

District Coordination Officer (DCO) Jhang Zubair Khurshid Bhatti has changed all tendering procedures to ensure transparency in development projects. As per details, some contractors, through applications, informed the DCO that officials of building and r
Published 09 Apr, 2008 12:00am
'Consumers Court' starts functioning in Multan

'Consumers Court' starts functioning in Multan

'Consumers Court' has started functioning here in Multan and complaints regarding substandard materials, misleading advertisements, adulterated eatables, unhygienic drinks and food items, and overcharging prices are being entertained under Punjab Consumer
Published 09 Apr, 2008 12:00am
Robert Clark meets Punjab IG

Robert Clark meets Punjab IG

United States Anti-terrorist Assistance Programme Manager Robert Clark on Tuesday met Punjab Police Inspector General Dr Syed Azhar Hassan Nadeem and discussed various matters regarding training of the police officials to cope with the incidents of terror
Published 09 Apr, 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 09 Apr, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (April 08, 2008) and the forecast for Wednesday (April 09, 2008).
Published 09 Apr, 2008 12:00am
1.29 million children vaccinated in Jhang

1.29 million children vaccinated in Jhang

As many as 1.29 million children were vaccinated in the district of Jhang during the anti-measles campaign, said Health Executive District Officer (EDO), Dr Muhammad Ashraf Javed.
Published 09 Apr, 2008 12:00am
Wheat quota of over 70 flour mills suspended

Wheat quota of over 70 flour mills suspended

The Punjab Food Department has suspended the wheat quota for more than 70 flourmills in the province after being found guilty of irregularities. A department spokesman said on Tuesday that this action came after the flour men were found guilty of smugglin
Published 09 Apr, 2008 12:00am
ADB launches 'Strategy 2020'

ADB launches 'Strategy 2020'

The Asian Development Bank (ADB) has launched 'Strategy 2020', a new long-term strategy for its vision of Asia and Pacific region free of poverty. To fight poverty in the region of more than 600 million poor people surviving on $1 a day, 'Strategy 2020' w
Published 09 Apr, 2008 12:00am
Call to expedite brick-lining of watercourses

Call to expedite brick-lining of watercourses

DCO Muzaffargarh Dr Akhter Nazir Warriach, while terming the brick-lining of watercourses a milestone initiative, has directed concerned officials to expedite the pace of work to ensure earliest relief to farmers. He was addressing a meeting here to revie
Published 09 Apr, 2008 12:00am
Pakistan, France to boost military ties

Pakistan, France to boost military ties

Pakistan and France have agreed to accelerate military co-operation between the two countries and offered military courses and training assistance for all the three organs of defence.
Published 09 Apr, 2008 12:00am
CJCSC calls on Musharraf

CJCSC calls on Musharraf

Chairman Joint Chiefs of Staff Committee General Tariq Majeed on Tuesday called on President Pervez Musharraf. During the course of meeting, the President said that all efforts are being made by the government for ensuring that all professional requiremen
Published 09 Apr, 2008 12:00am
General Tariq calls on Mukhtar

General Tariq calls on Mukhtar

Defence Minister, Chaudhry Ahmed Mukhtar has said that government would meet every requirement of its armed forces to make defence of the country impregnable. "We will fulfil defence needs of the country on priority basis to keep the frontiers safe and se
Published 09 Apr, 2008 12:00am
Efforts on to implement Wage Board award for journalists

Efforts on to implement Wage Board award for journalists

The new government has decided to constitute a tripartite commission, comprising government representatives, newspapers owners and journalist unions to find out amicable ways to implement the long -disputed Wage Board Award, official sources told Busin
Published 09 Apr, 2008 12:00am
Summary for repealing anti-media laws being prepared: Sherry

Summary for repealing anti-media laws being prepared: Sherry

The government is in process of preparing a comprehensive summary for repealing all anti-media laws, said Federal Minister for Information and Broadcasting Sherry Rehman, at a meeting with a six-member-media delegation of France here on Tuesday.
Published 09 Apr, 2008 12:00am
National Assembly session on April 10

National Assembly session on April 10

The President has summoned the National Assembly on Thursday, April 10, at 10 am. Numerically and officially speaking, the session is being termed as the fourth.
Published 09 Apr, 2008 12:00am
Pemra's directive to cable operators

Pemra's directive to cable operators

Pakistan Electronic Media Regulatory Authority (Pemra) on Tuesday asked cable operators to position Pakistani satellite TV channels on first 30 frequencies as approved by the authority. There are almost 2,500 cable operators distributing pre-recorded sign
Published 09 Apr, 2008 12:00am
NJLI Meesaq Fund Rates

NJLI Meesaq Fund Rates

New Jubilee Life Insurance Meesaq Fund Rates on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
France exported nearly one million tonnes wheat in February

France exported nearly one million tonnes wheat in February

France exported 997,541 tonnes of soft wheat to countries inside and outside of the European Union in February, nearly 84,000 tonnes more than the previous month, customs data showed on Tuesday. Total French soft wheat exports in the first eight months of
Published 09 Apr, 2008 12:00am
Palm oil upcountry supply suspended

Palm oil upcountry supply suspended

The ghee industry and truck owners row over transportation has resulted in suspension in supply of palm oil from Karachi to other parts of the country, setting a stage for a crisis of cooking oil/ghee in the coming days.
Published 09 Apr, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 117,451 tonnes cargo including 70,427 tonnes import, 47,024 tonnes export cargo and 3,182 containers (TEUs) during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 86,851 tonnes dry cargo including 58,123 tonn
Published 09 Apr, 2008 12:00am
Palm oil upcountry supply suspended

Palm oil upcountry supply suspended

The ghee industry and truck owners row over transportation has resulted in suspension in supply of palm oil from Karachi to other parts of the country, setting a stage for a crisis of cooking oil/ghee in the coming days.
Published 09 Apr, 2008 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 09 Apr, 2008 12:00am
When push becomes a shove

When push becomes a shove

Inflation that had been pushing the populace all along to the brink of disaster, has now reached the force of a shove that threatens to send them into an abyss of oblivion. The latest figures issued by the bureau of statistics regarding the Sensitive Pric
Published 09 Apr, 2008 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 09 Apr, 2008 12:00am
When push becomes a shove

When push becomes a shove

Inflation that had been pushing the populace all along to the brink of disaster, has now reached the force of a shove that threatens to send them into an abyss of oblivion. The latest figures issued by the bureau of statistics regarding the Sensitive Pric
Published 09 Apr, 2008 12:00am
Saudi company acquires 18 percent stake in Uch power plant

Saudi company acquires 18 percent stake in Uch power plant

Creative Energy Resources Corporation (CER) announced on Monday that it had bought a strategic stake in the 586 MW Uch power plant in Pakistan from an affiliate of GE Energy Financial Services. But it did not disclose financial details of the transaction.
Published 09 Apr, 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 09 Apr, 2008 12:00am
Saudi company acquires 18 percent stake in Uch power plant

Saudi company acquires 18 percent stake in Uch power plant

Creative Energy Resources Corporation (CER) announced on Monday that it had bought a strategic stake in the 586 MW Uch power plant in Pakistan from an affiliate of GE Energy Financial Services. But it did not disclose financial details of the transaction.
Published 09 Apr, 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 09 Apr, 2008 12:00am
Saudi company acquires 18 percent stake in Uch power plant

Saudi company acquires 18 percent stake in Uch power plant

Creative Energy Resources Corporation (CER) announced on Monday that it had bought a strategic stake in the 586 MW Uch power plant in Pakistan from an affiliate of GE Energy Financial Services. But it did not disclose financial details of the transaction.
Published 09 Apr, 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 Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Dar to present charge sheet against Shaukat today

Dar to present charge sheet against Shaukat today

Finance Minister Ishaq Dar is to present the much-awaited charge sheet against former Prime Minister Shaukat Aziz before the Cabinet on Wednesday for hiding facts on the economic situation, official sources told Business Recorder here on Tuesday.
Published 09 Apr, 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 Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Dar to present charge sheet against Shaukat today

Dar to present charge sheet against Shaukat today

Finance Minister Ishaq Dar is to present the much-awaited charge sheet against former Prime Minister Shaukat Aziz before the Cabinet on Wednesday for hiding facts on the economic situation, official sources told Business Recorder here on Tuesday.
Published 09 Apr, 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 Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Dar to present charge sheet against Shaukat today

Dar to present charge sheet against Shaukat today

Finance Minister Ishaq Dar is to present the much-awaited charge sheet against former Prime Minister Shaukat Aziz before the Cabinet on Wednesday for hiding facts on the economic situation, official sources told Business Recorder here on Tuesday.
Published 09 Apr, 2008 12:00am
Rs 625 per 40kg: ECC approves wheat price

Rs 625 per 40kg: ECC approves wheat price

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 625 wheat procurement price announced by the Prime Minister last month and directed the provinces to immediately implement the new price to discourage hoarding that plunged th
Published 09 Apr, 2008 12:00am
Rs 625 per 40kg: ECC approves wheat price

Rs 625 per 40kg: ECC approves wheat price

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 625 wheat procurement price announced by the Prime Minister last month and directed the provinces to immediately implement the new price to discourage hoarding that plunged th
Published 09 Apr, 2008 12:00am
Rs 625 per 40kg: ECC approves wheat price

Rs 625 per 40kg: ECC approves wheat price

The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved Rs 625 wheat procurement price announced by the Prime Minister last month and directed the provinces to immediately implement the new price to discourage hoarding that plunged th
Published 09 Apr, 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 Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Shamshad urges government to take corrective measures

Shamshad urges government to take corrective measures

Governor State Bank (SBP) Dr Shamshad Akhtar has urged the new government to take corrective measures on the economy. Well-placed sources told Business Recorder that during the Economic Coordination Committee (ECC) meeting there was a disagreement
Published 09 Apr, 2008 12:00am
Shamshad urges government to take corrective measures

Shamshad urges government to take corrective measures

Governor State Bank (SBP) Dr Shamshad Akhtar has urged the new government to take corrective measures on the economy. Well-placed sources told Business Recorder that during the Economic Coordination Committee (ECC) meeting there was a disagreement
Published 09 Apr, 2008 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 08, 2008).
Published 09 Apr, 2008 12:00am
Shamshad urges government to take corrective measures

Shamshad urges government to take corrective measures

Governor State Bank (SBP) Dr Shamshad Akhtar has urged the new government to take corrective measures on the economy. Well-placed sources told Business Recorder that during the Economic Coordination Committee (ECC) meeting there was a disagreement
Published 09 Apr, 2008 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
KSE-100 index sets record high

KSE-100 index sets record high

The Karachi share market on Tuesday started on a negative note and the KSE-100 index hit 15,371.09 points intra-day low level, down by 97.65 points. However, finally it managed to close in the positive zone at 15,474.07 points, with a marginal gain of 4.3
Published 09 Apr, 2008 12:00am
KSE-100 index sets record high

KSE-100 index sets record high

The Karachi share market on Tuesday started on a negative note and the KSE-100 index hit 15,371.09 points intra-day low level, down by 97.65 points. However, finally it managed to close in the positive zone at 15,474.07 points, with a marginal gain of 4.3
Published 09 Apr, 2008 12:00am
KSE-100 index sets record high

KSE-100 index sets record high

The Karachi share market on Tuesday started on a negative note and the KSE-100 index hit 15,371.09 points intra-day low level, down by 97.65 points. However, finally it managed to close in the positive zone at 15,474.07 points, with a marginal gain of 4.3
Published 09 Apr, 2008 12:00am
BRIndex30 gains 22.67 points

BRIndex30 gains 22.67 points

On Tuesday, the BRIndex30 opened at 17,053.78 with a downward gap of 72.34 points. It closed at 17,148.79 with a net positive change of 22.67 points and percentage change of 0.13. It recorded intra-day high of 17,237.86 and low of 16,958.25.
Published 09 Apr, 2008 12:00am
BRIndex30 gains 22.67 points

BRIndex30 gains 22.67 points

On Tuesday, the BRIndex30 opened at 17,053.78 with a downward gap of 72.34 points. It closed at 17,148.79 with a net positive change of 22.67 points and percentage change of 0.13. It recorded intra-day high of 17,237.86 and low of 16,958.25.
Published 09 Apr, 2008 12:00am
Leak at heavy water site kills two

Leak at heavy water site kills two

A gas leak killed two people on Tuesday at a heavy water plant run by the Atomic Energy Agency in Punjab, a spokesman for the Agency said. The leak at the Khushab heavy water plant took place during its annual maintenance. The plant was closed at the time
Published 09 Apr, 2008 12:00am
Leak at heavy water site kills two

Leak at heavy water site kills two

A gas leak killed two people on Tuesday at a heavy water plant run by the Atomic Energy Agency in Punjab, a spokesman for the Agency said. The leak at the Khushab heavy water plant took place during its annual maintenance. The plant was closed at the time
Published 09 Apr, 2008 12:00am
Nuclear command to stay unchanged: foreign office

Nuclear command to stay unchanged: foreign office

The command and control system for Pakistan's nuclear weapons will stay unchanged under the country's new government, made up of opponents of President Pervez Musharraf, an official said on Tuesday. The nuclear arsenal is overseen by a National Command Au
Published 09 Apr, 2008 12:00am
Nuclear command to stay unchanged: foreign office

Nuclear command to stay unchanged: foreign office

The command and control system for Pakistan's nuclear weapons will stay unchanged under the country's new government, made up of opponents of President Pervez Musharraf, an official said on Tuesday. The nuclear arsenal is overseen by a National Command Au
Published 09 Apr, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Mixed sentiment prevailed at Lahore Stock Exchange on Tuesday where equities moved both ways amid selling pressure because of untoward incident which occurred in the Sindh Assembly on Monday.
Published 09 Apr, 2008 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Mixed sentiment prevailed at Lahore Stock Exchange on Tuesday where equities moved both ways amid selling pressure because of untoward incident which occurred in the Sindh Assembly on Monday.
Published 09 Apr, 2008 12:00am
Bullish trend on ISE

Bullish trend on ISE

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of hot favourite amid increase in index. ISE-10 Index was plus by 6.16 points, as it moved from 3,282.38 to 3,276.22 points.
Published 09 Apr, 2008 12:00am
Bullish trend on ISE

Bullish trend on ISE

Equities showed healthy signs at the Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of hot favourite amid increase in index. ISE-10 Index was plus by 6.16 points, as it moved from 3,282.38 to 3,276.22 points.
Published 09 Apr, 2008 12:00am