The development work on mega project of Sialkot-Lahore motorway costing Rs 40 billion would be carried out by June next. Official sources told Business Recorder here on Wednesday that the project would be accomplished in three years stipulated peri

EFU Pension Growth Fund Rates on Wednesday (April 23, 2008).

International Power (IP) of UK has planned to invest more in Pakistan to expand Kapco by 400 MW and Uch power plant by 600 MW to meet the future growing demand for electricity, says a press release.

EFU Pension Growth Fund Rates on Wednesday (April 23, 2008).

Major reforms in infrastructure, education, business climate and efficiency in public sector expenditure in India have been instrumental to a great extent, in raising potential output growth.

EFU Pension Growth Fund Rates on Wednesday (April 23, 2008).

Parliamentarians from Pakistan and Afghanistan have demanded joint oversight on their policies to counter terrorism through setting up Parliamentary Committees comprising MPs from both sides.

EFU Capital Growth Fund Rates on Wednesday (April 23, 2008).

As many as 37 visits abroad by President Pervez Musharraf in past five years have cost the national exchequer Rs 1.406 billion. A total of 1,393 people joined the embattled ruler in these tours across the world.

EFU Capital Growth Fund Rates on Wednesday (April 23, 2008).

The Chief Minister of Punjab, Dost Muhammad Khosa, has said that the new provincial cabinet will deliver goods and fulfil expectations of the masses. He said this during a press conference conducted after taking oath of the provincial cabinet here on Tues

EFU Capital Growth Fund Rates on Wednesday (April 23, 2008).

The Punjab Cabinet has decided to seal and carry out a special audit of the entire record of district and tehsil governments. The cabinet also stressed upon the implementation of the one-dish wedding-law after it held its maiden meeting on Wednesday.

EFU Aitemad Growth Fund Rates on Wednesday (April 23, 2008).

The Minister for Water and Power Raja Pervaiz Ashraf on Wednesday told the National Assembly that the Wapda would generate 2500 mw additional electricity within one year and would get rid of the burgeoning power crisis in at least three years.

EFU Aitemad Growth Fund Rates on Wednesday (April 23, 2008).

Leader of Pakistan People's Party (PPP), MNA Farzana Raja has said that the ruling coalition partners are moving in right direction to resolve the issues faced by the government. Coalition partners are moving forward with mutual understanding and the issu

EFU Aitemad Growth Fund Rates on Wednesday (April 23, 2008).

We went to Law Minister's chamber in the Parliament House to enquire of Farook Naek whether the Resolution to restore the ousted judges would be introduced in the Assembly today (Thursday), but found a Messenger blocking our way. 'I have orders not to adm

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

The Federal Board of Revenue (FBR) has appointed Major General Muhammad Yasin (Retd), FBR Member (Admn) as chief co-ordinator for the revenue budget-2008.

Karachi Stock Exchange's Clearing Schedule for T+2 System.

To celebrate the 'World Intellectual Property Day' and promote awareness of intellectual property in Pakistan, a walk is being organised by Ali Associates here from McDonald (Sea View) to old kinara, from 8 am to 12 noon on April 26. PCSIR, Sanofi Aventis

Right issues proposed by companies listed on Karachi Stock Exchange.

The Vice Chancellor GC University Lahore Professor Dr Khalid Aftab, varsity's Dean of Science and Technology Dr Amin ul Haq and other faculty and administrative staff of the university in a message to the press here on Wednesday have expressed their deep

Last dates of renunciation/payment.

Commercial office of Thailand will be established at the end of this year or in the beginning of next year in Islamabad, said the Consular General of Thailand, Joompol Manaschuang.

Shares buy-back schedule of listed companies on Wednesday (April 23, 2008).

BankIslami Pakistan Limited lead managed a 7-year privately placed Shariah-compliant Sukuk of 'Pak Elektron Limited' (PEL) based on 'diminishing musharakah'. With an instrument rating of 'A+' assigned by Pacra, the issue has been well received in the mark

Board Meetings of Companies listed on the Karachi Stock Exchange.

BankIslami Pakistan Limited lead managed a 7-year privately placed Shariah-compliant Sukuk of 'Pak Elektron Limited' (PEL) based on 'diminishing musharakah'. With an instrument rating of 'A+' assigned by Pacra, the issue has been well received in the mark

BRIndex30 and BR Sectoral Indices on Wednesday (April 23, 2008).

The auto industry has welcomed the government decision to further extend the suspension of withholding tax on auto sales. According to a notification issued by the Federal Board of Revenue on April 21, the suspension, which was up to April 20, has been ex

Mutual Funds Association has issued open-end funds daily prices for Thursday (24 April 2008)

A 38-member Cabinet of Balochistan including four female members was sworn in here at a ceremony at Governor House on Wednesday. Balochistan Governor Nawab Zulfiqar Ali Magsi administered oath to members of the provincial cabinet representing Pakistan Peo

Mutual Funds Association has issued open-end funds daily prices for Thursday (24 April 2008)

"Kalabagh Dam should not be constructed without taking into confidence all the provinces." This was stated by Aga Siraj Durrani, Provincial Minister for Local Bodies at a press briefing on his first visit to the Karachi Water and Sewerage Board (KW&SB), h

Mutual Funds Association has issued open-end funds daily prices for Thursday (24 April 2008)

Warid Telecom has introduced a review of post-paid packages that includes greater convenience, maximum value, free SMS bundles and up to 40 percent savings on call rates, Warid Telecom has been providing its subscribers with the most attractive tariff pla

The sector-wise all shares index report on Wednesday (April 23, 2008).

Pakistan Chemical and Dyes Merchant Association (PCDMA), Chairman, Abdul Rasid Khatri has urged the government to fix duty on import of dyes and chemicals at five percent in the coming budget.

Formerly called the "Pakistan Insurance Corporation", Pakistan Reinsurance Company Limited is the only professional reinsurance organisation operating in Pakistan.

Al Meezan Investment Management Limited is pleased to announce that the board of directors in its meeting held on April 22, 2008, approved financial results for nine months period ended March 31, 2008 and declared an interim dividend of Rs 3.25 (6.5pc) pe

Formerly called the "Pakistan Insurance Corporation", Pakistan Reinsurance Company Limited is the only professional reinsurance organisation operating in Pakistan.

Al Meezan Investment Management Limited is pleased to announce that the board of directors in its meeting held on April 22, 2008, approved financial results for nine months period ended March 31, 2008 and declared an interim dividend of Rs 3.25 (6.5pc) pe

The rupee was near to touch the high level of 65 in the open market on Wednesday due to higher demand for dollars, money experts said. In the interbank market, the rupee lost 28 paisa against dollar for buying at 64.27 and it also eroded 30 paisa for sell

The profit after-tax of the Engro Chemical Pakistan Limited has increased to Rs 819.029 million in the quarter ended March 31, 2008 as compared to Rs 323.456 million earned in the corresponding period in 2007. The company's earning per share surged to Rs

The rupee was near to touch the high level of 65 in the open market on Wednesday due to higher demand for dollars, money experts said. In the interbank market, the rupee lost 28 paisa against dollar for buying at 64.27 and it also eroded 30 paisa for sell

The profit after-tax of the Engro Chemical Pakistan Limited has increased to Rs 819.029 million in the quarter ended March 31, 2008 as compared to Rs 323.456 million earned in the corresponding period in 2007. The company's earning per share surged to Rs

Dollar buying and selling rate in the kerb market in rupees on Wednesday (April 23, 2008).

The police have registered a case against two accused allegedly murdered a Sunni Tahrik (ST) unit in-charge in Korangi area here, however no arrest was made. Korangi police said that Aamir, 25 surrounded by two accused was shot dead at Bilal Colony, whose

Interbank closing rates for dollar on Wednesday (April 23, 2008).

The Nokia Siemens Networks industry seminar was held with an objective to bring the key stakeholders of Pakistani communications industry together, discuss the future and throw light on how to grow revenues. The aim of the seminar was to address challenge

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 23, 2008).

A MoU was signed between the City District Government of Karachi (CDGK) and Dubai-based Dhabeen Power Engineering Ltd here on Wednesday to work on the installation of a 1,800 MW power plant to help overcome power crisis in the city.

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 23, 2008).

LG Electronics, the world's leading innovator of home appliances, has announced its new top mount refrigerator. The refrigerator has a simple yet elegant design. "We tried to combine a stylish design, advanced features and innovative technologies all toge

Paper market rates in rupees on Wednesday (April 23, 2008).

Water and Power Development Authority (Wapda) is vigorously carrying out feasibility studies and engineering designs of various hydropower projects with accumulative generation capacity of more than 25,000 MW and most of these studies are at the advance s

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 23, 2008).

The district administration, along with DFC, Gujranwala, foiled an attempt by 22 truck drivers to smuggle out 11,000 maunds wheat, worth about Rs 7 million, in the wee hours of Wednesday.

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (April 24, 2008).

Samsung Electronics Co Ltd, a leading mobile phone and telecommunication equipment provider, announced the launch of Soul, Samsung's new flagship product for 2008. Samsung named 'Soul' to honour the completion of its exclusive 'Ultra Edition' series of ha

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (April 24, 2008).

Education is a key to progress for every country and the government is making greater efforts to upgrade the education system in Pakistan, the funds earmarked in the current budget are simply not enough to fulfil the requirement. The comments came from Bo

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (April 24, 2008).

With the theme of "Ensuring stable and inclusive growth", the Lahore School of Economics (LSE) is hosting the fourth annual conference on the management of Pakistan economy here on Thursday and Friday (April 24 and 25).

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (April 23, 2008).

The Iqbal Academy should work with the Punjab University (PU) to do actual research on Dr Allama Muhammad Iqbal and use the research for bringing reforms in the country. Most of the work done on Iqbal with the exception of some books is 'trash', Javed Iqb

National Commodity Exchange Limited Trading Summary on Wednesday (April 23, 2008).

While taking action on the reports of monitoring officers of Chief Minister Monitoring Force for Education, district authorities of the Education Department has dismissed 767 teachers on accounts of absenteeism.

Wholesale poultry rates on Wednesday (April 23, 2008) and for Thursday (April 24, 2008).

The Lahore Chamber of Commerce and Industry (LCCI) and the Pakistan Chamber of Commerce (PCC), United States, on Wednesday inked a memorandum of understanding (MoU) to pool their resources to promote trade between Pakistan and the US.

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 23, 2008).

The Debating Society of GC University Lahore has won five out of seven awards at the All Pakistan Public Speaking Week arranged by the University of Engineering and Technology, Lahore. GCU team comprising Ummar Ziauddin, (President) and Rana Hamza Ijaz, (

LME official prices on Tuesday.

The Kisan Board Pakistan (KBP) has claimed that foreign powers want to create unrest in the country by developing wheat crisis and government should take steps to foil this conspiracy. It also urged the government to procure wheat from farmers according t

LME official prices on Tuesday.

The Lahore City District Government (LCDG) will launch an extensive drive against encroachments throughout the provincial metropolis from next week. They said the government had identified 400 such encroached places in the first phase in different areas o

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).

The Minister for Social Welfare and Special Education, Muhammad Khan Hoti, has said that his ministry is planning to set up 'Pakistan Citizen Welfare Council' for welfare of senior citizens. He said this while chairing a meeting for drafting 'Pakistan Sen

The weather report on Wednesday (April 23, 2008) and the forecast for Thursday (April 24, 2008).

The Food Department would procure 0.16 million ton wheat during the current drive that kicked off on April 16 across the district. DCO Muhammad Hameedullah Sheikh told journalists that 11 procurement centres had been set up all over the district and farme

Minister for Labour, Manpower and Overseas Pakistanis Syed Khursheed Ahmed Shah Wednesday said the government would conduct "Child labour survey" in this year to evolve future strategy to combat child labour. He said this while talking to David Kramer, US

Supreme Court Bar Association (SCBA) Secretary Chaudhry Amin Javed on Wednesday said that delay in restoration of judges should not be made matter of prestige. "I am confident that judges would be restored, but we should not show rigidity in national caus

District Coordination Officer (DCO) Khanewal Qazi Muhammad Ishfaq has urged upon health official to improve health sector and warned of tougher action in case of negligence in promoting health in the district. DCO was presiding over the meeting with healt

Chairman, Pakistan Steel Mills, Major General Muhammad Javed on Wednesday announced fourth bonus for the employees, which would be paid with the salary of April 2008.

The US State Department has said that Federally Administered Tribal Areas(Fata) have always been outside the control of Pakistan's federal government. In a daily press briefing on Monday, deputy spokesman Tom Casey also told the media persons that it was

The NWFP chapter of Jamiat Ulema-e-Islam (F) on Wednesday announced to stage protest demos against the prevailing flour crisis and sky rocketing prices of the essential items in the country on Friday.

Five persons were killed when a vehicle plunged into a deep ravine at Pattan area in Kohistan district here on Wednesday morning.

NWFP Environment and Forest Minister Wajid Ali Khan has said the provincial government with the assistance of the federal government has launched a mega project 'Carbon Sequestration' worth Rs 3,004 million, which would be completed by 2013.

In order to enable a more robust showcasing of major infrastructure projects and investment opportunities, the "Pakistan Infrastructure Investment Conference 2008" has been rescheduled which would now be held after the presentation of the national budget

The Society for the Protection of the Rights of the Child (Sparc)'s Centre is organising a three-day certificate course on "Child Protection Legal Framework" here on April 24.

The Lahore High Court has ordered SP Model Town to register a case against Amir Farhan husband of Dr Shazia for illegally detaining his US national wife and two minors and misbehaving the court bailiff.

The Lahore Chamber of Commerce and Industry (LCCI) has appointed its former vice president Aftab Ahmad Vohra as LCCI Standing Committee Chairman on 'Pak-India Business Promotion'. Vohra is a renowned businessman and has done a lot of work to enhance the I

German publishing giant Bertelsmann said Wednesday it planned to publish the world's first reference book based on entries from Wikipedia, the popular online encyclopaedia. Until now, Wikipedia was best known for compiling writing on thousands of subjects

South Africa great Shaun Pollock is to join Durham for the English county's Twenty20 Cup campaign this season, the north-east side announced Wednesday. Pollock, who appeared alongside Durham captain Dale Benkenstein at Natal and for South Africa, played i

Roger Federer was two points from an embarrassing exit from the Monte Carlo Masters on Wednesday before rallying to beat Spanish qualifier Ruben Ramirez Hidalgo 6-1 3-6 7-6 to reach the third round.

France's Raphael Jacquelin said it was only a matter of time before a French name returned to the Ryder Cup team list after watching his countrymen win two of the last three European Tour events.

The lawyer wife of British ex-premier Tony Blair said Wednesday she was advising the legal team representing a former Bangladesh prime minister detained on corruption charges. "I was invited to give an opinion about what has been happening," Cherie Blair