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Print - 2008-07-18
DCO orders completion of work on Rani Bagh, Zoo by Eid

DCO orders completion of work on Rani Bagh, Zoo by Eid

The District Co-ordination Officer (DCO) Hyderabad, Ali Ahmed Lund has directed authorities to conmplete development work at the Rani Bagh and it's zoo and erect big cages for big animals. The DCO stressed that the work should be completed before Eid-ul-F
Published 18 Jul, 2008 12:00am
Bulk cargo exports through KPT increase above 80 percent

Bulk cargo exports through KPT increase above 80 percent

Performance of Karachi Port Trust (KPT) during the outgoing fiscal year 2007-08 registered a healthy trend. Exports of bulk cargo through Karachi Port depicted a massive increase of 80.37 percent, recording 4,243,608 metric tons, as compared to the previo
Published 18 Jul, 2008 12:00am
Senate body rejects earlier reports on PNSC fire

Senate body rejects earlier reports on PNSC fire

The sub-committee of the Senate Standing Committee on ports and shipping, has rejected earlier reports as "unsatisfactory" on the causes of the two fire incidents at Pakistan National Shipping Corporation (PNSC) building, which had cost the Corporation ar
Published 18 Jul, 2008 12:00am
BankIslami ratings maintained

BankIslami ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of BankIslami Pakistan Limited (BIPL) at A- (Single A Minus) and A2 (A Two) respectively, says a press release. These ratings denote a low expectation of credit
Published 18 Jul, 2008 12:00am
BankIslami ratings maintained

BankIslami ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of BankIslami Pakistan Limited (BIPL) at A- (Single A Minus) and A2 (A Two) respectively, says a press release. These ratings denote a low expectation of credit
Published 18 Jul, 2008 12:00am
Sindh cancels allotments made during caretaker government

Sindh cancels allotments made during caretaker government

The government of Sindh has cancelled all allotments/disposals/sales/lease of lands given during the tenure of caretaker government with immediate effect and decided to constitute a committee to review the allotments made six months before the announcemen
Published 18 Jul, 2008 12:00am
When it comes to the point

When it comes to the point

Responding to criticism on the performance of the current government, it has been learnt that Zardari House has sent a twenty two-point fact sheet to prominent PPP personalities regarding the first three months of the current government. Amongst the point
Published 18 Jul, 2008 12:00am
Open court

Open court

Provincial Food Minister Malik Nadeem Kamran will hold an open court at 3-Club Road, GOR-I today(Friday) to listen people's grievances and redress them.
Published 18 Jul, 2008 12:00am
Former LHC judge dies

Former LHC judge dies

Former Lahore High Court (LHC)'s judge Muhammad Jahangir died here on Thursday. He was 62. The court paid tribute to him. He is survived by his two daughters and three sons. He was buried at Mayani Mohallah in Wazirabad. Moreover, Additional Registrar Maq
Published 18 Jul, 2008 12:00am
US team meets City Nazim

US team meets City Nazim

The US Under Secretary of State for Economic, Energy, and Agricultural Affairs Reuben Jeffery III along with a high ranking delegation called on City Nazim Syed Mustafa Kamal in his office on Thursday. According to a press release issued on Thursday the U
Published 18 Jul, 2008 12:00am
Rs 1.015 billion Parc budget approved

Rs 1.015 billion Parc budget approved

The board of governors of Pakistan Agriculture Research Council (Parc) has approved Rs 1.015 billion budget for the 2008-09 fiscal year. This was announced by Federal Minister for Food, Agriculture and Livestock (Minfal) Nazar Mohammad Gondal, while presi
Published 18 Jul, 2008 12:00am
Fehmida Mirza to open workshop on women equality on July 21

Fehmida Mirza to open workshop on women equality on July 21

National Assembly Speaker Dr Fehmida Mirza will inaugurate a roundtable workshop on gender mainstreaming through legal reforms - gender equality, in simple words - here on July 21. The German agency for development assistance, GTZ, will sponsor the three-
Published 18 Jul, 2008 12:00am
Petition filed against Shahbaz

Petition filed against Shahbaz

A citizen has filed the petition in the Lahore High Court (LHC) against Shahbaz Sharif and asked the court to restrict Shahbaz Sharif for exercising his powers as chief minister as his election cases are still in pending. Petitioner Shahid Orakzai, who wa
Published 18 Jul, 2008 12:00am
Condolence

Condolence

The management and officials of Pakistan Cricket Board (PCB) expressed their heartfelt condolences on the sad demise of ICC International Panel Umpire Nadeem Ghauri's mother. They prayed that may her soul rest in peace and may Allah Almighty give Nadeem G
Published 18 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (July 17, 2008) and the forecast for Friday (July 18, 2008).

Published 18 Jul, 2008 12:00am
Criminals' gang busted; five held

Criminals' gang busted; five held

CIA Police Iqbal Town division have busted a gang of criminals involved in street crimes, arrested five members and seized looted property and weapons from them. The accused confessed to 19 crimes following an investigation. The crackdown came after Inves
Published 18 Jul, 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 18 Jul, 2008 12:00am
Government not to privatise motels: Pervaiz Ashraf

Government not to privatise motels: Pervaiz Ashraf

Government will not privatise the motels, which are earning money and the Board of Directors of the Pakistan Tourism Development Corporation (PTDC) has decided not to take up process of privatising these motels in the greater public interest.
Published 18 Jul, 2008 12:00am
Government determined to prevent dengue virus spread: Sherry

Government determined to prevent dengue virus spread: Sherry

The blood tests of the two patients, suspected to be infected by Dengue Virus turned out negative, hospital sources told Business Recorder on Thursday. The patients were admitted in Polyclinic and their blood samples were sent to National Institute
Published 18 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
NWFP minister meets Prime Minister

NWFP minister meets Prime Minister

NWFP health minister Zahir Shah on Thursday called on Prime Minister Syed Yousuf Raza Gilani at the Prime Minister House and apprised him of various health projects in the province. The Prime Minister said the provision of health facilities to all segment
Published 18 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
Two megawatts powerhouse to be constructed at Khurkondo

Two megawatts powerhouse to be constructed at Khurkondo

Two megawatt hydel powerhouse would be constructed at Khurkondo in Ghangche district of Siachan area at a cost of Rs 220 million. This was disclosed by former Advisor of Northern Areas and sitting member of NAs Legislative Assembly (NALA) from Ghangche di
Published 18 Jul, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (July 17, 2008) and for Friday (July 18, 2008).
Published 18 Jul, 2008 12:00am
Lawyers ready for Chaudhry Iftikhar trip on July 25

Lawyers ready for Chaudhry Iftikhar trip on July 25

Lawyers observed a complete boycott of courts here on Thursday and vowed to continue their struggle until they achieved their goals. President High Court Bar, Mehmood Ashraf Khan said that the lawyers still have a long way to go, but are determined to ach
Published 18 Jul, 2008 12:00am
Fesco saves Rs 24 billion through TRW project

Fesco saves Rs 24 billion through TRW project

The Faisalabad Electric Supply Company (FESCO) Transformers Reclamation Workshop (FTRW) has saved Rs 24.973 million as the repair of these transformers in Lahore would have cost Rs 93.198 million. FESCO has also started the fabrication of completely overh
Published 18 Jul, 2008 12:00am
Faisalabad budget announced

Faisalabad budget announced

The Faisalabad Development Authority (FDA) has announced a surplus budget of Rs 3198.764 million for works in the district. The budget was passed by the governing body of FDA and approved by the District Council as well.
Published 18 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
Faisalabad budget announced

Faisalabad budget announced

The Faisalabad Development Authority (FDA) has announced a surplus budget of Rs 3198.764 million for works in the district. The budget was passed by the governing body of FDA and approved by the District Council as well.
Published 18 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
Toxins that can harm humans discovered in bird feed

Toxins that can harm humans discovered in bird feed

Scientists at the University of Agriculture in Faisalabad have identified a bacterium in birds that pose serious health risks to humans. The threat was revealed by Dr Zahid Hussain, who completed his Ph.D. in the department of Veterinary Pathology under t
Published 18 Jul, 2008 12:00am
Preston arranges workshop

Preston arranges workshop

Preston University has arranged a workshop on 'Hazards Vulnerability Capacity and Risk Assessment' on Thursday here. The workshop was organised with an aim to discuss the ways to cope with natural calamities and strategies to assess them timely, says a ne
Published 18 Jul, 2008 12:00am
THE RUPEE: dollar extends gains

THE RUPEE: dollar extends gains

Worries about portfolio outflows from the stock market, kept the rupee under pressure on the interbank market on Thursday, falling 1.05 against the rupee for buying and selling at 72.05 and 72.10, dealers said. The rupee failed to show any improvement aga
Published 18 Jul, 2008 12:00am
Musharraf launches monsoon tree plantation campaign

Musharraf launches monsoon tree plantation campaign

President Pervez Musharraf inaugurated the monsoon tree plantation campaign 2008 by planting a sapling at Aiwan-e-Sadr here on Thursday. Talking to mediamen, Federal Minister for Environment Hameedullah Jan Afridi said that Rs 12 billion mega forestry sec
Published 18 Jul, 2008 12:00am
THE RUPEE: dollar extends gains

THE RUPEE: dollar extends gains

Worries about portfolio outflows from the stock market, kept the rupee under pressure on the interbank market on Thursday, falling 1.05 against the rupee for buying and selling at 72.05 and 72.10, dealers said. The rupee failed to show any improvement aga
Published 18 Jul, 2008 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 18 officials of Customs and Excise Group (BS-17) with immediate effect.
Published 18 Jul, 2008 12:00am
National savings deposits exceed Rs 1.170 trillion

National savings deposits exceed Rs 1.170 trillion

The deposits of various National Savings Schemes (NSS) have crossed Rs 1.170 trillions and the number of account holders is now over 6 million, Finance Ministry officials told Business Recorder here on Thursday.
Published 18 Jul, 2008 12:00am
LawAsia team to meet deposed Chief Justice

LawAsia team to meet deposed Chief Justice

A five-member delegation of the Australia-based Law Association for Asia and the Pacific (LawAsia) headed by its president MAH Weng Kwai will meet deposed chief justice Iftikhar Muhammad Chaudhry here on Friday. Other deposed judges of the Supreme Court w
Published 18 Jul, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
Chaudhry Iftikhar to tour South Punjab

Chaudhry Iftikhar to tour South Punjab

Deposed CJ Iftikhar Muhammad Chaudhry will arrive here on July 25 and then leave for Bahawalpur and Lodhran on July 26 to address the High Court and District bars. All arrangements were finalised on Thursday at a meeting of 29 bars from South Punjab.
Published 18 Jul, 2008 12:00am
Taxpayers facing problems in obtaining CPR numbers

Taxpayers facing problems in obtaining CPR numbers

The taxpayers are still facing problems in obtaining computerised payment receipts (CPRs) numbers on depositing tax amount at some National Bank of Pakistan (NBP) branches despite launching of banking automation project.
Published 18 Jul, 2008 12:00am
Government to overcome food crisis by next year: minister

Government to overcome food crisis by next year: minister

Government is taking comprehensive measures for the development of agriculture sector, which would help get rid of food crisis till the next year. Federal Minister for Food Agriculture and Livestock, Nazar Muhammad Gondal said while addressing the 29th me
Published 18 Jul, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jul, 2008 12:00am
Deposed Chief Justice pays homage to martyrs of suicide attack

Deposed Chief Justice pays homage to martyrs of suicide attack

Deposed chief justice Iftikhar Muhammad Chaudhry on Thursday paid homage to the martyrs of suicide attack, which killed 17 people at district court, adjacent to the headquarters of Islamabad police station, last year. The deposed CJ visited the venue wher
Published 18 Jul, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (July 17, 2008).

Published 18 Jul, 2008 12:00am
ICT to expand network of libraries in rural areas

ICT to expand network of libraries in rural areas

Islamabad Capital Territory (ICT) administration is expanding the network of computer literacy centres and libraries in the rural areas of the city to promote reading habits among the young generation and providing them healthy environment for polishing t
Published 18 Jul, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Jul, 2008 12:00am
KUJ to confer performance awards

KUJ to confer performance awards

The Executive Committee of the Karachi Union of Journalists (KUJ) has decided to initiate best performance awards. An announcement to this effect was made by General Secretary of the organisation Khursheed Abbasi on Thursday.
Published 18 Jul, 2008 12:00am
Saquib appointed SDC chief executive officer

Saquib appointed SDC chief executive officer

Saquib Mohyuddin has been appointed Chief Executive Officer (CEO) of Skill Development Council (SDC), Islamabad. Prior to joining SDC, Saquib was the Chief Executive of National Productivity Organisation (NPO), said a press release here adding that he als
Published 18 Jul, 2008 12:00am
Centre awaits Sindh government stand on TCA's composition

Centre awaits Sindh government stand on TCA's composition

The Sindh government has started examining various aspects of formation of Thar Coal Authority (TCA), as its composition is highly tilted to centre on the development of Thar coal - a mineral resource that is purely a provincial subject under the Constitu
Published 18 Jul, 2008 12:00am
Gold at new peak in Karachi

Gold at new peak in Karachi

With weakening value of the rupee against dollar, the gold prices in the local market on Thursday hit the all time high levels of Rs 26,050 per tola and Rs 22,328 per 10 grams, traders said.
Published 18 Jul, 2008 12:00am
FPCCI urges government to take corrective steps to rescue economy

FPCCI urges government to take corrective steps to rescue economy

The Federation of Chamber of Commerce and industry (FPCCI) has expressed concern over slow down of the economic activities, and demanded of the government to take corrective measures on war footing. In a statement, FPCCI President Tanveer Shaikh said the
Published 18 Jul, 2008 12:00am
Government yet to compensate December 27 riot losses

Government yet to compensate December 27 riot losses

The government has yet to compensate the business community, which suffered Rs 50 billion losses following the December 27 incident. The business community claimed that the government had fixed January 21 as last date for submitting claims and both the Pr
Published 18 Jul, 2008 12:00am
1,592 quake victims still in shelter camps

1,592 quake victims still in shelter camps

Out of 3.5 million displaced people, a total of 1,592 are still living in tents even after three years of the earthquake, which hit NWFP and AJK on October 8, 2005.
Published 18 Jul, 2008 12:00am
11 killed in head-on collision

11 killed in head-on collision

As many as 11 persons were killed and 17 sustained injuries in a collision between a bus and a wagon near Motra on the GT road on Thursday. According to police, the Gujranwala bound bus (LWN-5876) coming from Sialkot rammed into the wagon (GAK-9786) comin
Published 18 Jul, 2008 12:00am
Agriculture growth target may not be achieved

Agriculture growth target may not be achieved

Due to the increasing prices of agriculture inputs, the government might not be able to achieve 3.5 percent agriculture growth target for current fiscal, sources told Business Recorder on Thursday.
Published 18 Jul, 2008 12:00am
US to assist in meeting energy and food challenges

US to assist in meeting energy and food challenges

Pledging close relationship with Pakistan, Deputy Secretary of State John Negroponte has said Washington stands for Pakistan''s success and is working to assist it in meeting energy and food challenges. "Pakistan is a key American partner. We are working
Published 18 Jul, 2008 12:00am
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