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Print - 2008-04-23
Red chilli price up at Rs 10,000 per 40kg

Red chilli price up at Rs 10,000 per 40kg

Red chilli price at Kunri wholesale market reached to an all time high at Rs 10,000 per 40 kilos. Red Chilli Grocers Association's President Mian Saleem told a private television channel that the Kunri wholesale market during last three days witnessed red
Published 23 Apr, 2008 12:00am
Iranian media team due on April 24

Iranian media team due on April 24

A six-member Iranian media delegation will be visiting Pakistan from April 24 to May 1 at the invitation of Islamabad Policy Research Institute. The delegation led by Dr Mohammad Javad Haqshanas, Managing Director, leading Persian daily Etemad-e-Melli, co
Published 23 Apr, 2008 12:00am
US to support new government plans to curb violent extremism

US to support new government plans to curb violent extremism

The United State has expressed its resolve to continue co-operative anti-terror efforts with the new Pakistani government as it develops its own plans and policies to make the tribal areas along Afghan border free of violent extremism.
Published 23 Apr, 2008 12:00am
Wasa to install 12 new tube wells

Wasa to install 12 new tube wells

Water and Sanitation Agency (Wasa) will install 12 tube wells, each of one cusec capacity, along with Rakh Branch Canal to supplement water supplies during the upcoming hot summer season. Abdul Majeed director Planning and Development, Wasa, said here on
Published 23 Apr, 2008 12:00am
Sufi Muhammad's release to help restore peace in Swat

Sufi Muhammad's release to help restore peace in Swat

Chief of defunct Tehrik Nifaz-e-Shariat Muhammadi (TNSM), Maulana Sufi Muhammad has realised the fact that his Afghanistan adventure against the US forces after the overthrow of Taliban Government in Kabul was wrong and his release by the NWFP Government
Published 23 Apr, 2008 12:00am
Wasim urges early resolution of judges issue

Wasim urges early resolution of judges issue

The issue of deposed judges should be resolved as early as possible as it has created uncertainty in present judiciary and also affecting their smooth functioning, leader of PML-Q Senator Wasim Sajjad said on Tuesday.
Published 23 Apr, 2008 12:00am
Demonstration to re-operate Balochistan Express

Demonstration to re-operate Balochistan Express

The citizens of Nawabshah on Tuesday staged demonstration for re-operating the Balochistan Express train, which stopped on February 05. The citizens threatened of shutter down strike if train service was not restored.
Published 23 Apr, 2008 12:00am
Tariq Niazi's death condoled

Tariq Niazi's death condoled

Pakistan Football Federation (PFF) President Makhdoom Syed Faisal Saleh Hayat, Secretary General Ahmed Yar Khan, Director Marketing Sardar Naveed Haider have rued the death of former striker Tariq Niazi. Tariq was a gold medalist in the 1968 Mexico Olympi
Published 23 Apr, 2008 12:00am
International standard laboratory to be set up in Sialkot

International standard laboratory to be set up in Sialkot

The government will establish an international standard testing and checking laboratory in Sialkot with the cost of Rs 300 million, where sports items, surgical equipment and leather goods would be properly inspected, Secretary Trade and Investment, Punja
Published 23 Apr, 2008 12:00am
Lufthansa to resume operations from Lahore soon

Lufthansa to resume operations from Lahore soon

Keeping in view the accelerated interest of foreigners, Lufthansa Airlines has decided to resume its operations from Lahore very soon. This was stated by Country Manager, Lufthansa Airlines, Tobias Ernst at a meeting with LCCI Acting President Mian Muzaff
Published 23 Apr, 2008 12:00am
3700 wheat, flour bags seized at check-posts

3700 wheat, flour bags seized at check-posts

The Punjab Food Department has confiscated 1600 bags of wheat and 2100 of wheat-flour at check-posts set up in various areas following a crackdown against illegal movement of wheat to other provinces.
Published 23 Apr, 2008 12:00am
1,226 outlaws arrested

1,226 outlaws arrested

Police nabbed 1,226 outlaws in a massive crackdown on proclaimed offenders, court absconders and during these crackdowns police also seized 47 rifles and guns, 916 pistols and revolvers and looted property worth rupees 4.3 million from them.
Published 23 Apr, 2008 12:00am
LDA orders to remove encroachments from Township

LDA orders to remove encroachments from Township

Lahore Development Authority Director General Irfan Ali has ordered the relevant departments to remove all encroachments from Township and Green Town, which is a part of the Quiad-e-Azam Town. A spokesman said that an operation against encroachments would
Published 23 Apr, 2008 12:00am
Appointments

Appointments

The Chief Justice High Court of Sindh has, with immediate effect, appointed Jan Muhammad Lanjar, Additional District and Sessions Judge, Sehwan and Aijaz Ali Khaskheli, Additional District and Sessions Judge, Karachi East as Additional Members Inspection
Published 23 Apr, 2008 12:00am
Civil judge's decision set aside

Civil judge's decision set aside

The Lahore High Court (LHC) set aside a decision by a civil judge, saying arbitration could not be demanded after acceptance of a final settlement.
Published 23 Apr, 2008 12:00am
2.2 million workers die of fatal accidents every year at work places

2.2 million workers die of fatal accidents every year at work places

The International Labour Organisation (ILO) estimates that every year 2.2 million workers die of fatal accidents at the work place while 270 million other sustain serious injuries and 160 million suffer severe diseases every year due to improper working c
Published 23 Apr, 2008 12:00am
Pakistani IT team in Ottawa to enhance trade ties

Pakistani IT team in Ottawa to enhance trade ties

A delegation of 21 leading Pakistani information technology (IT) and software development companies has reached Ottawa, Canada, to explore opportunities for enhanced trade in the areas of software/hardware development, web applications, graphics, animatio
Published 23 Apr, 2008 12:00am
Experts asked to work for betterment of livestock sector

Experts asked to work for betterment of livestock sector

'Developed countries in the comity of nations are looking for new galaxies in solar system while here a search is going on for water, flour, sometimes electricity and security. Punjab Chief Minister Dost Muhammad Khosa averred this while inaugurating the
Published 23 Apr, 2008 12:00am
Transfers and postings in LDA

Transfers and postings in LDA

The Lahore Development Authority (LDA) carried out transfers and postings within the organisation on Tuesday. Administration Director, Chaudhry Abdul Hamid has been transferred but he will continue as Director Chairman's headquarters.
Published 23 Apr, 2008 12:00am
Notices issued over Shujaat's petition

Notices issued over Shujaat's petition

The Lahore High Court (LHC) has issued notices to deal with a petition filed by Chaudhry Shujaat Hussain, in which he challenged a court decision allowing contesting candidate of his constituency, Ghanzafar Gull, to examine the election record.
Published 23 Apr, 2008 12:00am
UC Nazim, Manager State Life killed

UC Nazim, Manager State Life killed

Nazim Union Council Kabal and Manager State Life were killed near here and four others injured on Monday morning when their vehicles collided as a result of brutal firing by unknown armed accused. According to eyewitnesses the vehicles of Nazim Muhammad H
Published 23 Apr, 2008 12:00am
'MQM-H gets positive response from government'

'MQM-H gets positive response from government'

The Muhajir Qaumi Movement-Haqiqi (MQM-H) is holding talks with Pakistan People's Party (PPP) government and has received "assurances" on possible resumption of party's political activities in the metropolis.
Published 23 Apr, 2008 12:00am
Government and UNODC join hands to fight AIDS

Government and UNODC join hands to fight AIDS

The government and United Nations Office on Drugs and Crime (UNODC) on Tuesday signed an agreement for prevention of HIV/AIDS among female injecting drug users, spouses of male drug-user and female prisoners. Senior Joint Secretary, Ministry of Narcotics
Published 23 Apr, 2008 12:00am
Gorakh Hill development work to be restarted soon

Gorakh Hill development work to be restarted soon

Development work on the multi-million rupees Gorakh Hill station project, which was halted since last year's countrywide heavy rains, is likely to be resumed shortly, it is learnt.
Published 23 Apr, 2008 12:00am
HBL Income Fund declares interim dividend

HBL Income Fund declares interim dividend

The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, in its meeting held on 18th April 2008 announced interim bonus Units for 'A' and 'B' classes of Units and Cash dividend for 'C' class units for the year end
Published 23 Apr, 2008 12:00am
HBL Income Fund declares interim dividend

HBL Income Fund declares interim dividend

The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, in its meeting held on 18th April 2008 announced interim bonus Units for 'A' and 'B' classes of Units and Cash dividend for 'C' class units for the year end
Published 23 Apr, 2008 12:00am
Plastic Printing and Packaging Industry exhibition

Plastic Printing and Packaging Industry exhibition

CEMS Pakistan, in collaboration with international partners CEMS Singapore and CHAN CHAO Taiwan, is organising four-day, 5th International Plastic Printing and Packaging Industry at expo centre, Karachi, which will start from Thursday (tomorrow), and cont
Published 23 Apr, 2008 12:00am
Pak-Japan Business Forum elects new directors

Pak-Japan Business Forum elects new directors

The elections for a new Board of Directors of Pakistan Japan Business Forum (PJBF) were held at the Annual General body Meeting (AGM) in Karachi. Abdul Kader Jaffer was elected President, M. Domichi Senior Vice President, Majyd Aziz and Yoshio Hiro Vice P
Published 23 Apr, 2008 12:00am
UK Deputy High Commissioner visits OICCI

UK Deputy High Commissioner visits OICCI

The British Deputy High Commissioner, Robert Gibson, held a meeting with Waqar Malik, President of the Overseas Investors Chamber of Commerce and Industry (OICCI) and discussed issues of mutual interest. Waqar Malik was accompanied by Secretary General OI
Published 23 Apr, 2008 12:00am
Textile industry issues: 'key stakeholders not invited to meeting'

Textile industry issues: 'key stakeholders not invited to meeting'

Some key stakeholders in the textile sector have claimed that the Ministry of Textile Industry has not invited them to a highly important meeting being held under the Chairmanship of Defence Minister Chaudhry Ahmed Mukhtar, who also holds the portfolio of
Published 23 Apr, 2008 12:00am
Pakistan Oilfields profit up

Pakistan Oilfields profit up

The profit after tax of Pakistan Oilfields Limited (POL) increased to Rs 1.703 billion in the quarter ended March 31, 2008 as compared to Rs 1.411 billion earned in the corresponding period in 2007.
Published 23 Apr, 2008 12:00am
Pakistan Oilfields profit up

Pakistan Oilfields profit up

The profit after tax of Pakistan Oilfields Limited (POL) increased to Rs 1.703 billion in the quarter ended March 31, 2008 as compared to Rs 1.411 billion earned in the corresponding period in 2007.
Published 23 Apr, 2008 12:00am
ARL's after tax profit up Rs 160.021 million

ARL's after tax profit up Rs 160.021 million

After tax profit of Attock Refinery Limited (ARL) has increased to Rs 160.021 million in the three-month period ended on March 31, as compared to Rs 142.110 million earned in the corresponding period in 2007.
Published 23 Apr, 2008 12:00am
ARL's after tax profit up Rs 160.021 million

ARL's after tax profit up Rs 160.021 million

After tax profit of Attock Refinery Limited (ARL) has increased to Rs 160.021 million in the three-month period ended on March 31, as compared to Rs 142.110 million earned in the corresponding period in 2007.
Published 23 Apr, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (April 22, 2008) and the forecast for Wednesday (April 23, 2008).
Published 23 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 23 Apr, 2008 12:00am
Risk and safety management workshop begins

Risk and safety management workshop begins

Two-day workshop on 'Risk and Safety Management in Process Industry' commenced here at Pakistan Engineering Council (PEC) on Tuesday with an aim to enhance the awareness among engineers about process of safety, risk analysis and management techniques.
Published 23 Apr, 2008 12:00am
'Molecular genetics opens vast avenues in agriculture'

'Molecular genetics opens vast avenues in agriculture'

The world has witnessed gigantic advancement in the field of molecular genetics, and recombinant DNA has opened vast opportunities in agriculture, medicine, industry and environment protection. Advanced countries are harnessing the benefits of the technol
Published 23 Apr, 2008 12:00am
Vehari accident claims three lives

Vehari accident claims three lives

Three people were killed as a result of a road accident when an over-speeding car hit a bull-cart here in Vehari. According to police, Excise Inspector Mian Muhammad Khalid, along with his wife and mother-in-law, was on his way from Vehari to Multan in a
Published 23 Apr, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 22, 2008).

Published 23 Apr, 2008 12:00am
Uplift package for Chitral soon

Uplift package for Chitral soon

The NWFP Chief Minister Ameer Haider Khan Hoti said on Tuesday that he will visit Chitral district in near future where he will announce a developmental package for the area.
Published 23 Apr, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (April 22, 2008) and for Wednesday (April 23, 2008).
Published 23 Apr, 2008 12:00am
Pirated books Ijaz remanded to FIA custody

Pirated books Ijaz remanded to FIA custody

Ijaz Ahmed, the proprietor of Insaf Book Depot, Aminpur Bazaar, Faisalabad, who was arrested on Saturday, April 19, on charges of printing and supplying pirated Oxford University Press textbooks to schools and parents, appeared in court for a hearing, say
Published 23 Apr, 2008 12:00am
PBM directed to submit criteria for financial aid

PBM directed to submit criteria for financial aid

Islamabad High Court (IHC) has directed the authorities of Pakistan Baitul Mal (PBM) to submit parawise comments till April 28, over the criteria set for disbursement of financial aid to poor people. A single bench comprising Chief Justice Sardar Muhammad
Published 23 Apr, 2008 12:00am
CDA allowed steps for recovery of dues

CDA allowed steps for recovery of dues

The Islamabad High Court here on Monday vacated a stay granted earlier against recovery of arrears from a defaulter construction company and allowed the Capital Development Authority (CDA) to take legal course to retrieve the dues. A Single Bench comprisi
Published 23 Apr, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 22, 2008).

Published 23 Apr, 2008 12:00am
Four security men hurt in landmine blasts

Four security men hurt in landmine blasts

Four security men injured in four landmine blasts, which occurred in various parts of Dera Bugti on Tuesday, sources said. The explosions took place in Godi, Sangsilla, Dodi Wadh and RD-298 areas of the district. One security personnel injured in all the
Published 23 Apr, 2008 12:00am
Passco directed to stop gram supply immediately

Passco directed to stop gram supply immediately

The government directed the Pakistan Agriculture Storage and Supplies Corporation (Passco) to immediately stop the supply of gram to the open market as production of the commodity is expected to fall below the target of 761,000 tonnes this year, Passco so
Published 23 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 22, 2008).

Published 23 Apr, 2008 12:00am
Papers presented on second day of plant scientists' conference

Papers presented on second day of plant scientists' conference

Tea is second largest beverage after water and Pakistan imports tea with a huge cost of Rs 3,203 million in a year.This was stated by a speaker, Sahib Gul of Hazara University on the second day of international conference of plant scientists here at new s
Published 23 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 22, 2008).

Published 23 Apr, 2008 12:00am
20 percent wheat harvested so far

20 percent wheat harvested so far

Wheat harvesting is in full swing all over the district here, with 20 percent of the work already accomplished in various parts of Pakpattan. A spokesman of agriculture department told newsmen here on Tuesday. The official said that per acre yield of whea
Published 23 Apr, 2008 12:00am
Amendment in laws needed to control pollution

Amendment in laws needed to control pollution

Necessary amendments would be made in the environmental laws to help control the pollution.This was stated by the Sindh Minister for Information, Ms Shazia Marri. She was speaking at a walk organised here on Tuesday in connection with the International Ea
Published 23 Apr, 2008 12:00am
Bahria Town's Golf Course formal opening today

Bahria Town's Golf Course formal opening today

Bahria Town has embarked on building a 18-Hole USGA standard Golf Course and a grand Club at its latest project, the Bahria Garden City, says a press release. Butterfly Valley Golf Course, the first USGA standard Golf Course in Pakistan, on its completion
Published 23 Apr, 2008 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Mixed trend prevailed on the currency market on Tuesday as the rupee played on both the sides, money experts said. In the interbank market, the rupee gained six paisa against dollar for buying at 63.99 and it also rose by eight paisa for selling at 64.02
Published 23 Apr, 2008 12:00am
Textile sector shows dismal performance due to low exports

Textile sector shows dismal performance due to low exports

Pakistan textile exports dipped by 3.14 per cent in the first nine months of current fiscal to $7.765 billion from $8.017 billion the same period last year with serious repercussion on balance of payment as the sector contributes 67 per cent to total expo
Published 23 Apr, 2008 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Mixed trend prevailed on the currency market on Tuesday as the rupee played on both the sides, money experts said. In the interbank market, the rupee gained six paisa against dollar for buying at 63.99 and it also rose by eight paisa for selling at 64.02
Published 23 Apr, 2008 12:00am
ISE seeks to participate in proceedings against KSE

ISE seeks to participate in proceedings against KSE

A group of investors at the Islamabad Stock Exchange (ISE) has approached the Competition Commission of Pakistan to participate in the proceedings against the Karachi Stock Exchange (KSE) on the alleged abuse of dominant market position.
Published 23 Apr, 2008 12:00am
Afghan foreign minister arrives in Islamabad

Afghan foreign minister arrives in Islamabad

Afghan Foreign Minister, Dr Rangin Dadfar Spanta arrived in Islamabad on Tuesday for holding bilateral talks with the new government, This was disclosed by the Afghan embassy. It is the first visit of Afghan foreign minister to Pakistan since the formatio
Published 23 Apr, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (April 22, 2008).

Published 23 Apr, 2008 12:00am
Naval chief calls on defence minister

Naval chief calls on defence minister

The Chief of Naval Staff, Admiral Muhammad Afzal Tahir, has called on Federal Minister for Defence Chaudary Ahmad Mukhtar, and discussed with him professional matters. The Chief of Naval Staff congratulated the Minister on assuming the charge of Minister
Published 23 Apr, 2008 12:00am
Earth Day observed

Earth Day observed

Karachiites organised a number of activities on Tuesday to observe the Mother Earth Day and highlight the significance of the internationally valued Day on environmental protection.
Published 23 Apr, 2008 12:00am
NAB recovers Rs 1.4 billion through plea bargaining in 2007

NAB recovers Rs 1.4 billion through plea bargaining in 2007

The National Accountability Bureau (NAB) has recovered an amount of Rs 1.4 billion out of total Rs 2.05 billion that has been agreed for payment by the accused through plea bargaining in 2007, says NAB annual report.
Published 23 Apr, 2008 12:00am
Bank Al Habib board meeting

Bank Al Habib board meeting

The Board Meeting of Bank AL Habib Limited to consider the Unaudited accounts and consolidated accounts for the quarter ended March 31, 2008 is scheduled to be held on 24th April 2008 at 12 noon in Karachi as per Karachi Stock Exchange Circular.
Published 23 Apr, 2008 12:00am
Hoti seeks proposals for NWFP ADP

Hoti seeks proposals for NWFP ADP

NWFP Chief Minister Ameer Haider Khan Hoti has directed all the administrative secretaries of the province to give a final shape to the recommendations and proposals for the annual development programme (ADP).
Published 23 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Apr, 2008 12:00am
High production cost may hamper $1 billion textile garment export

High production cost may hamper $1 billion textile garment export

With the passage of every single day, the concerns of textile garment manufacturers-cum-exporters are increasing over the likely divergence of about one billion dollars foreign orders for Christmas season of this year mainly because of stiff attitude of f
Published 23 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (April 22, 2008).

Published 23 Apr, 2008 12:00am
Proposed SML TFC issue gets 'A-' rating

Proposed SML TFC issue gets 'A-' rating

The Pakistan Credit Rating Agency (Pacra) has assigned 'A-' (Single A minus) rating to the proposed privately placed secured TFC issue of Rs 1,200 million by Shakarganj Mills Limited (SML). The rating denotes a low expectation of credit risk emanating fro
Published 23 Apr, 2008 12:00am
Proposed SML TFC issue gets 'A-' rating

Proposed SML TFC issue gets 'A-' rating

The Pakistan Credit Rating Agency (Pacra) has assigned 'A-' (Single A minus) rating to the proposed privately placed secured TFC issue of Rs 1,200 million by Shakarganj Mills Limited (SML). The rating denotes a low expectation of credit risk emanating fro
Published 23 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Apr, 2008 12:00am
Call for steps to overcome Atta crisis

Call for steps to overcome Atta crisis

Senior Vice President, Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Shaikh has urged Prime Minister, Chief Minister Sindh , federal and provincial ministers for food to take appropriate measures on war footing manner to contain Atta cris
Published 23 Apr, 2008 12:00am
Siemens' 'Light for Life' project wins CSR Award

Siemens' 'Light for Life' project wins CSR Award

Siemens' "Light for Life" project won the prestigious CSR Award from the Employers Federation of Pakistan at an impressive ceremony in Karachi. The Consul General for the Federal Republic of Germany Hans-Joachim Kiderlen was the chief guest. David Lamotte
Published 23 Apr, 2008 12:00am
Top coalition leaders deny deadlock over judges issue

Top coalition leaders deny deadlock over judges issue

Heads of two major parties in the ruling coalition on Tuesday announced to reinstate top judges President Pervez Musharraf removed last year according to their earlier understanding but differed on what should follow, sources said.
Published 23 Apr, 2008 12:00am
Top coalition leaders deny deadlock over judges issue

Top coalition leaders deny deadlock over judges issue

Heads of two major parties in the ruling coalition on Tuesday announced to reinstate top judges President Pervez Musharraf removed last year according to their earlier understanding but differed on what should follow, sources said.
Published 23 Apr, 2008 12:00am
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