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Mar 07, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-04-24
Sialkot-Lahore motorway to be completed in three years

Sialkot-Lahore motorway to be completed in three years

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
Published 24 Apr, 2008 12:00am
UK firm to invest more in Pakistan power plants

UK firm to invest more in Pakistan power plants

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.
Published 24 Apr, 2008 12:00am
President's visits abroad cost Rs 1.406 billion to exchequer

President's visits abroad cost Rs 1.406 billion to exchequer

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.
Published 24 Apr, 2008 12:00am
Aspirations of masses to be fulfilled: Khosa

Aspirations of masses to be fulfilled: Khosa

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
Published 24 Apr, 2008 12:00am
'Judges issue to be resolved in line with Bhurban Accord'

'Judges issue to be resolved in line with Bhurban Accord'

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
Published 24 Apr, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

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
Published 24 Apr, 2008 12:00am
Walk to observe 'World Intellectual Property Day' on April 26

Walk to observe 'World Intellectual Property Day' on April 26

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
Published 24 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Apr, 2008 12:00am
Professor Kiyani's death condoled

Professor Kiyani's death condoled

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
Published 24 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

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

Published 24 Apr, 2008 12:00am
BankIslami lead manages Rs 1.1 billion PEL Sukuk

BankIslami lead manages Rs 1.1 billion PEL Sukuk

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
Published 24 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Apr, 2008 12:00am
BankIslami lead manages Rs 1.1 billion PEL Sukuk

BankIslami lead manages Rs 1.1 billion PEL Sukuk

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
Published 24 Apr, 2008 12:00am
38-member Balochistan Cabinet sworn in

38-member Balochistan Cabinet sworn in

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
Published 24 Apr, 2008 12:00am
Kalabagh Dam: Siraj for taking provinces into confidence

Kalabagh Dam: Siraj for taking provinces into confidence

"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
Published 24 Apr, 2008 12:00am
Warid introduces new packages

Warid introduces new packages

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
Published 24 Apr, 2008 12:00am
All shares index report

All shares index report

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

Published 24 Apr, 2008 12:00am
Al Meezan Investment announces interim dividend

Al Meezan Investment announces interim dividend

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
Published 24 Apr, 2008 12:00am
Al Meezan Investment announces interim dividend

Al Meezan Investment announces interim dividend

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
Published 24 Apr, 2008 12:00am
Rupee may cross 65 level versus dollar

Rupee may cross 65 level versus dollar

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
Published 24 Apr, 2008 12:00am
Engro Chemical earns Rs 819.029 million profit in third quarter

Engro Chemical earns Rs 819.029 million profit in third quarter

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
Published 24 Apr, 2008 12:00am
Rupee may cross 65 level versus dollar

Rupee may cross 65 level versus dollar

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
Published 24 Apr, 2008 12:00am
Engro Chemical earns Rs 819.029 million profit in third quarter

Engro Chemical earns Rs 819.029 million profit in third quarter

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
Published 24 Apr, 2008 12:00am
Sunni Tahrik unit chief shot dead

Sunni Tahrik unit chief shot dead

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
Published 24 Apr, 2008 12:00am
Nokia Siemens seminar held

Nokia Siemens seminar held

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
Published 24 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 24 Apr, 2008 12:00am
CDGK, UAE firm ink MoU to build power plant

CDGK, UAE firm ink MoU to build power plant

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.
Published 24 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 24 Apr, 2008 12:00am
LG Electronic

LG Electronic

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
Published 24 Apr, 2008 12:00am
Hydropower projects: Wapda studies, engineering designs to complete soon

Hydropower projects: Wapda studies, engineering designs to complete soon

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
Published 24 Apr, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 24 Apr, 2008 12:00am
Bid to smuggle 11,000 maunds wheat foiled

Bid to smuggle 11,000 maunds wheat foiled

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.
Published 24 Apr, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

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

Published 24 Apr, 2008 12:00am
Samsung introduces Soul: the Ultimate Essence of Mobile

Samsung introduces Soul: the Ultimate Essence of Mobile

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
Published 24 Apr, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

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

Published 24 Apr, 2008 12:00am
'AISS helps upgrade education system'

'AISS helps upgrade education system'

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
Published 24 Apr, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

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

Published 24 Apr, 2008 12:00am
LSE's moot on Pakistan economy management from today

LSE's moot on Pakistan economy management from today

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).
Published 24 Apr, 2008 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

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

Published 24 Apr, 2008 12:00am
'Iqbal Academy should work with Punjab University'

'Iqbal Academy should work with Punjab University'

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
Published 24 Apr, 2008 12:00am
767 teachers dismissed

767 teachers dismissed

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.
Published 24 Apr, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (April 23, 2008) and for Thursday (April 24, 2008).
Published 24 Apr, 2008 12:00am
LCCI and PCC sign MoU to promote Pak-US trade

LCCI and PCC sign MoU to promote Pak-US trade

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.
Published 24 Apr, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 24 Apr, 2008 12:00am
GCU debating society wins five awards

GCU debating society wins five awards

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, (
Published 24 Apr, 2008 12:00am
Wheat crisis termed conspiracy of foreign powers

Wheat crisis termed conspiracy of foreign powers

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
Published 24 Apr, 2008 12:00am
LCDG to launch drive against encroachments

LCDG to launch drive against encroachments

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
Published 24 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 24 Apr, 2008 12:00am
Efforts on to set up senior citizens welfare body: minister

Efforts on to set up senior citizens welfare body: minister

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
Published 24 Apr, 2008 12:00am
The Weather

The Weather

The weather report on Wednesday (April 23, 2008) and the forecast for Thursday (April 24, 2008).
Published 24 Apr, 2008 12:00am
0.16 million ton wheat to be procured in Vehari

0.16 million ton wheat to be procured in Vehari

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
Published 24 Apr, 2008 12:00am
'Government to conduct survey to combat child labour'

'Government to conduct survey to combat child labour'

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
Published 24 Apr, 2008 12:00am
Lawyers should contest by-elections: SCBA

Lawyers should contest by-elections: SCBA

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
Published 24 Apr, 2008 12:00am
DCO for improving health services

DCO for improving health services

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
Published 24 Apr, 2008 12:00am
Bonus for PSM employees announced

Bonus for PSM employees announced

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.
Published 24 Apr, 2008 12:00am
Fata has always been outside control of 'central' government: US

Fata has always been outside control of 'central' government: US

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
Published 24 Apr, 2008 12:00am
NWFP carbon sequestration project may be ready by 2013

NWFP carbon sequestration project may be ready by 2013

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.
Published 24 Apr, 2008 12:00am
Pakistan infrastructure investment moot rescheduled

Pakistan infrastructure investment moot rescheduled

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
Published 24 Apr, 2008 12:00am
Workshop on child rights protection

Workshop on child rights protection

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.
Published 24 Apr, 2008 12:00am
SP told to register case against accused for detaining wife

SP told to register case against accused for detaining wife

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.
Published 24 Apr, 2008 12:00am
Vohra made LCCI Standing Body Chairman

Vohra made LCCI Standing Body Chairman

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
Published 24 Apr, 2008 12:00am
Wikipedia to go in print in German language

Wikipedia to go in print in German language

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
Published 24 Apr, 2008 12:00am
Pollock joins Durham for Twenty20 campaign

Pollock joins Durham for Twenty20 campaign

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
Published 24 Apr, 2008 12:00am
Federer survives Spanish scare in Monte Carlo

Federer survives Spanish scare in Monte Carlo

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.
Published 24 Apr, 2008 12:00am
Jacquelin sees Ryder Cup hope in French renaissance

Jacquelin sees Ryder Cup hope in French renaissance

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.
Published 24 Apr, 2008 12:00am
Cherie Blair takes up case of Hasina Wajed

Cherie Blair takes up case of Hasina Wajed

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
Published 24 Apr, 2008 12:00am
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