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Print - 2008-06-10
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
Blast kills four children

Blast kills four children

At least four children were killed in an explosion in the Chitral district, police said. The children died in the blast were in the age between 10 and 12, police officer Khalil-ur-Rahman said.
Published 10 Jun, 2008 12:00am
Blast kills four children

Blast kills four children

At least four children were killed in an explosion in the Chitral district, police said. The children died in the blast were in the age between 10 and 12, police officer Khalil-ur-Rahman said.
Published 10 Jun, 2008 12:00am
Government urged to withdraw ban on wheat movement

Government urged to withdraw ban on wheat movement

Pakistan Flour Mills Association (PFMA) has urged government to withdraw ban on the movement of wheat for ensuring availability of wheat to flour mills in Karachi. In a SOS message to high-ups in Islamabad and Sindh here Monday, chairman PFMA Iqbal Dawood
Published 10 Jun, 2008 12:00am
Punjab government stops wheat procurement

Punjab government stops wheat procurement

The government of Punjab has stopped wheat procurement to make flour millers purchase their stocks from the local market, well-placed sources told Business Recorder here on Monday. Punjab food department had fixed procurement target of 3 million to
Published 10 Jun, 2008 12:00am
Punjab government stops wheat procurement

Punjab government stops wheat procurement

The government of Punjab has stopped wheat procurement to make flour millers purchase their stocks from the local market, well-placed sources told Business Recorder here on Monday. Punjab food department had fixed procurement target of 3 million to
Published 10 Jun, 2008 12:00am
Punjab government stops wheat procurement

Punjab government stops wheat procurement

The government of Punjab has stopped wheat procurement to make flour millers purchase their stocks from the local market, well-placed sources told Business Recorder here on Monday. Punjab food department had fixed procurement target of 3 million to
Published 10 Jun, 2008 12:00am
Global arms spending continues to rise: Sipri

Global arms spending continues to rise: Sipri

The United States accounted for almost half the world's military expenditures in 2007, a year when global arms sales also climbed, a Swedish-based peace institute said Monday.Last year, global military expenditures totalled 1.339 trillion dollars (current
Published 10 Jun, 2008 12:00am
Global arms spending continues to rise: Sipri

Global arms spending continues to rise: Sipri

The United States accounted for almost half the world's military expenditures in 2007, a year when global arms sales also climbed, a Swedish-based peace institute said Monday.Last year, global military expenditures totalled 1.339 trillion dollars (current
Published 10 Jun, 2008 12:00am
Long march to end with restoration of judges: Aitzaz

Long march to end with restoration of judges: Aitzaz

Supreme Court Bar Association (SCBA) President Aitzaz Ahsan has said the long march has began with the departure of lawyers' caravans led by deposed judges with their wives and it will concluded with the restoration of judiciary as it was before November
Published 10 Jun, 2008 12:00am
Advani regrets release of controversial book on Benazir

Advani regrets release of controversial book on Benazir

BJP leader L K Advani has regretted over release of controversial book on Shaheed Benazir Bhutto authored by London-based journalist Shyam Bhatia saying its contents are disturbing for any one who knew the former Prime Minister of Pakistan.
Published 10 Jun, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Jun, 2008 12:00am
Prime Minister's visit to South Arabia seems hollow

Prime Minister's visit to South Arabia seems hollow

Prime Minister Yousuf Raza Gilani's three-day visit to Saudi Arabia seems hollow in terms of budgetary support it required to fill the fiscal overrun as well provide some relief to the common man.
Published 10 Jun, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
'Long march not a venture to destabilise government'

'Long march not a venture to destabilise government'

Long march would not be a venture to destabilise the government as it is bereft of any personal agenda. It would be a peaceful march to sensitise people and exert pressure on the government for the restoration of deposed judges, said top leaders of lawyer
Published 10 Jun, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2008 12:00am
4,000 Pakistanis repatriated from Malaysia

4,000 Pakistanis repatriated from Malaysia

About 4,000 stranded Pakistanis held in Malaysian jails and detention camps on various charges of improper travelling and work documents were repatriated to Pakistan with all out assistance of the Pakistan High Commission.
Published 10 Jun, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2008 12:00am
Nilofar to welcome lawyers at Parliament

Nilofar to welcome lawyers at Parliament

Senator Nilofar Bakhtiar of the PML-Q has announced on Monday that she would welcome the lawyers' long march in front of Parliament House as she urged all the parliamentarians to participate in the rally, which is being launched for the reinstatement of d
Published 10 Jun, 2008 12:00am
Four police men killed in ambush

Four police men killed in ambush

Four police personnel were killed while another received injuries when some unknown armed men unexpectedly attack a police mobile during wee hours of Monday in Mathani, the suburban locality of Peshawar bordering federally administered Frontier Region (FR
Published 10 Jun, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
Rs 59,945 million loans written off from 1999 to 2007

Rs 59,945 million loans written off from 1999 to 2007

Federal Minister for Finance and Revenue Syed Naveed Qamar on Monday told the National Assembly that at least Rs 59,945 million loans have been written off from 1999 to 2007. Out of these amount, loans up to Rs 0.5 million written off are Rs 46, 877.17 mi
Published 10 Jun, 2008 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Sliding trend was seen on the interbank market on Monday as the rupee fell by 15 paisa against dollar for buying and selling at 67.65 and 67.75, money experts said. Strong demand for dollars pushed the rupee down and it is most likely that the rupee may c
Published 10 Jun, 2008 12:00am
Plea to investigate into nuclear leakage

Plea to investigate into nuclear leakage

The government has been urged on Monday to constitute commission for special probe of nuclear leakage, and its connection to nuclear scientist Abdul Qadeer Khan. Senator Dr Muhammad Saad put this demand while participating in Senate debate on Monday.
Published 10 Jun, 2008 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Sliding trend was seen on the interbank market on Monday as the rupee fell by 15 paisa against dollar for buying and selling at 67.65 and 67.75, money experts said. Strong demand for dollars pushed the rupee down and it is most likely that the rupee may c
Published 10 Jun, 2008 12:00am
Gilani asks hoarders to release wheat or face crack down

Gilani asks hoarders to release wheat or face crack down

Prime Minister Yousuf Raza Gilani on Monday sent a strong-worded fresh warning to wheat hoarders, urging them to release the commodity in the market or face crackdown. Speaking in the National Assembly in response to a calling attention notice by oppositi
Published 10 Jun, 2008 12:00am
PML-Q proposes restoration of deposed judges

PML-Q proposes restoration of deposed judges

Constitutional expert's committee of Pakistan Muslim League-Quaid (PML-Q) has proposed restoration of all the deposed judges along with retention of those who took oath under PCO in November last.
Published 10 Jun, 2008 12:00am
Foolproof security for long march directed

Foolproof security for long march directed

Advisor to Prime Minister on Interior Rehman Malik has directed the provincial Home secretaries and Inspectors General of Police, DG Rangers to facilitate lawyers' long march besides ensuring foolproof security for the participants of the march.
Published 10 Jun, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It was a stirring moment when Prime Minister Yousaf Raza Gilani stood up in the National Assembly Monday evening to announce a new format for presentation of the defence budget. It was an unprecedented move, and one that had the agreement of the services
Published 10 Jun, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
KCCI team leaves for Turkey today

KCCI team leaves for Turkey today

A ten-member delegation of Karachi Chamber of Commerce and Industry (KCCI) headed by its Senior Vice President Iftikhar Ahmed Shaikh will left for Turkey on six days visit here on Tuesday. During their stay in Turkey they will participate in Turkey trade
Published 10 Jun, 2008 12:00am
CDGK provides land to KW&SB for hydrant

CDGK provides land to KW&SB for hydrant

In view to end water scarcity in Manzoor colony, the City District Government Karachi (CDGK) has provided land to the Karachi Water and Sewerage Board (KW&SB) to establish hydrant to facilitate the residents of the area.
Published 10 Jun, 2008 12:00am
Committee constituted to review IRO 1969, 2002

Committee constituted to review IRO 1969, 2002

Provincial Labour Minister Amir Nawab has issued directives to constitute a committee to update and review the Industrial Relation Ordinance (IRO) 1969 and 2002 to facilitate working segment. The committee, which include Kashif Gulzar, Director Labour, Kh
Published 10 Jun, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 24th May 2008.

Published 10 Jun, 2008 12:00am
EU markets: government urged to initiate talks for GSP extension

EU markets: government urged to initiate talks for GSP extension

Former Chairman of Korangi Association of Trade and Industry (Kati), Shaikh Manzar Alam has urged the government to initiate negotiations with the European Union so that Generalised System of Preference (GSP) could be extended to the goods being imported
Published 10 Jun, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 24th May 2008.

Published 10 Jun, 2008 12:00am
Ethics and economy

Ethics and economy

Honesty, straightforwardness and ethics are as much an imperative ingredient of business dealings as in any other human activity. Unfortunately, however the general perception, in the present day and age, is that a businessman has to be shrewd, cunning, d
Published 10 Jun, 2008 12:00am
119,000 professionals to take CFA exams this weekend

119,000 professionals to take CFA exams this weekend

As about 119,000 current and aspiring investment professionals from 165 countries prepare to take the rigorous CFA exams this weekend, CFA Institute noted that this marks the administration of the one million exam since it was first offered in 1963.
Published 10 Jun, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
Steps being taken to control flour crisis, says Qaim

Steps being taken to control flour crisis, says Qaim

The Sindh Chief Minister Syed Qaim Ali Shah has said that serious measures were being adopted to control over the flour crises and hoped that shortly the situation would be normalised. He said this while talking to media men at the residence of Syed Amir
Published 10 Jun, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
KSTBA seeks amendments to sales tax refund laws

KSTBA seeks amendments to sales tax refund laws

The Karachi Sales Tax Bar Association (KSTBA) has proposed amendments to laws regarding sales tax refunds, which create difficulties in its approval and disenchantment among taxpayers.
Published 10 Jun, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
Plan for monsoon season prepared

Plan for monsoon season prepared

City District Government Karachi (CDGK) has prepared a contingency plan to avoid losses and damages during the expected monsoon rain in the city. District Coordination Officer (DCO), Javed Hanif Khan, reviewed the contingency plan in a meeting held with t
Published 10 Jun, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
'Government to eliminate unemployment, price hike'

'Government to eliminate unemployment, price hike'

Government would strive hard to eliminate poverty, price hike and unemployment. People should help the government to fight against conspiracies. It was said by Sindh Home Minister Dr Zulfiqar Mirza, during his open meeting with people at his farm house ne
Published 10 Jun, 2008 12:00am
Minister hints at appointing honorary wildlife wardens

Minister hints at appointing honorary wildlife wardens

Sindh Minister for Wildlife Dr Daya Ram Essurani has said that persons having love and affection for the wildlife of Sindh would be appointed as honorary district wardens in all the districts of the province.
Published 10 Jun, 2008 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
Pakistan's first GJTMC established in Karachi

Pakistan's first GJTMC established in Karachi

The Pakistan Gems and Jewellery Development Company (PGJDC) has established country's first Gems and Jewellery Training and Manufacturing Centre (GJTMC) in Saddar Town, Karachi. A PGJDC announcement said on Monday that the establishment of GJTMC was the r
Published 10 Jun, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 09, 2008).

Published 10 Jun, 2008 12:00am
Arrangements finalised for anti-polio drive

Arrangements finalised for anti-polio drive

Arrangements have been finalised for administering polio drops to children up to the age of five in Bajaur Agency during the three day vaccination campaign starting from Tuesday (today). During the vaccination campaign, a total of 212,000 children will be
Published 10 Jun, 2008 12:00am
Long march not aimed at destabilising government: lawyers

Long march not aimed at destabilising government: lawyers

Leaders of Pakistan lawyers' movement on Monday said that purpose of long march is not to destabilise the government but only to mount pressure for restoration of the deposed judges. They assured that the lawyers' long march would be "completely peaceful"
Published 10 Jun, 2008 12:00am
Budget 2008-09: agonising anomalies in income tax law

Budget 2008-09: agonising anomalies in income tax law

The Income Tax Ordinance, 2001, which was promulgated in 2001 on the dictates of the foreign donors with tall claims of simplifying tax code, contains a number of anomalies, ambiguities, lacunae and inconsistencies [for detailed review of this badly-draft
Published 10 Jun, 2008 12:00am
Special cell formed to monitor lawyers' long march

Special cell formed to monitor lawyers' long march

Government established a special cell in Ministry of Interior to monitor the Lawyers' Long March and make sure the foolproof security arrangements all over the country.
Published 10 Jun, 2008 12:00am
Soomro and Jamali felicitate Shahbaz

Soomro and Jamali felicitate Shahbaz

Chairman Senate Mohammedmian Soomro and Deputy Chairman Jan Mohammad Khan Jamali have felicitated Mian Muhammad Shahbaz Sharif on his unopposed election as the Chief Minister Punjab. They hoped that the province would take rapid strides on road to develop
Published 10 Jun, 2008 12:00am
Summit on the oil price rise

Summit on the oil price rise

The G-8, comprising the 8 most industrialised nations of the world, plus 3 (including the remaining three major oil guzzlers of the world namely China, India and South Korea), met in Aomori, Japan to deliberate on a common strategy to deal with the oil cr
Published 10 Jun, 2008 12:00am
A war without a cause

A war without a cause

The mystery as to why President Bush ordered invasion of Iraq has deepened with the release of a US Senate Intelligence Committee report. Was it the Iraqi oil that the United States wanted or may be the invasion was launched at the behest of the American
Published 10 Jun, 2008 12:00am
US Admiral urges persistent, credible naval power

US Admiral urges persistent, credible naval power

The Commander of US Naval Forces, Central Command, Vice Admiral Kevin Cosgriff, emphasised the need for 'fostering relationships with coalition partners such as Pakistan,' while addressing officers at the Pakistan Navy War College here on Monday.
Published 10 Jun, 2008 12:00am
Rule of law imperative for development: Memon

Rule of law imperative for development: Memon

Senator Nisar Memon has said that rule of law and supremacy of Constitution is imperative for the development of the country. Talking to Aaj TV, he said that people consider price hike as a major issue. In reply to a question, he said that all part
Published 10 Jun, 2008 12:00am