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Print - 2008-07-31
BSF expands its operation

BSF expands its operation

The SME Business Support Fund (BSF) receiving an encouraging response and increasing demand for financial assistance among small and medium enterprises has established an office in Multan to help SMEs. BSF Business analyst Fatima Hussain said the BSF had
Published 31 Jul, 2008 12:00am
LHC overrides Monopoly Control Authority orders

LHC overrides Monopoly Control Authority orders

Setting aside the orders of Monopoly Control Authority (MCA) the Lahore High Court (LHC) ordered sugar mills owners to release the stock of the commodity as withholding of stocks cause shortages in the market.
Published 31 Jul, 2008 12:00am
Punjab may launch Food Stamp scheme from August 14

Punjab may launch Food Stamp scheme from August 14

The chairman, Task Force of Punjab chief minister, S.A. Hameed, addressing a press conference here on Wednesday said that through money order facility Rs 1,000 help through Food Stamp Program would be accorded to two million deserving families in the prov
Published 31 Jul, 2008 12:00am
Railways deficit swells to Rs 26 billion

Railways deficit swells to Rs 26 billion

Pakistan Railways Chairman Muhammad Kashif Murtaza has said deficit has swelled to Rs 26 billion and that the railways will cut 5 billion in the coming five months.
Published 31 Jul, 2008 12:00am
Water inflows in rivers not satisfactory

Water inflows in rivers not satisfactory

The water inflows in the four main rivers of the country are currently at the lowest as compared to past seven monsoon seasons. Sources in Wapda told Business Recorder here on Wednesday that about 0.29 million cusecs water was flowing upstream in r
Published 31 Jul, 2008 12:00am
Call to establish Muslim countries' common market

Call to establish Muslim countries' common market

Mashhad Chamber of Commerce, Industries and Mines President Gholam Hossein Shafeai has stressed the need for establishment of a common market of Muslim countries as they have the potential to fulfil 90 percent of their needs on their own.
Published 31 Jul, 2008 12:00am
Imdad Ali Awan's death condoled

Imdad Ali Awan's death condoled

The Supreme Court Bar Association has condoled the death of Sakhar Bar Association President Imdad Ali Awan who died when he was driving a car carrying deposed chief justice Iftikhar Mohammad Chaudhry.
Published 31 Jul, 2008 12:00am
'AJT to support APDM strike'

'AJT to support APDM strike'

The Awami Jamhoori Tehreek (AJT), alliance of left-wing political parties has announced to support a strike announced by the All Parties Democratic Movement (APDM) on September 1 vis-à-vis the reinstatement of the deposed judges. The purpose of the strike
Published 31 Jul, 2008 12:00am
APDM to resist move aimed at toppling government: Achakzai

APDM to resist move aimed at toppling government: Achakzai

Convenor All Parties Democratic Movement (APDM) Mehmood Khan Achakzai on Wednesday said APDM would resist any move aimed at toppling the democratically elected government. Talking to a private television channel the seasoned politician said it has been an
Published 31 Jul, 2008 12:00am
Government urged to grant complete autonomy to provinces

Government urged to grant complete autonomy to provinces

Former Speaker of the Sindh Assembly, Hussain Haroon has asked Islamabad to grant complete autonomy to all the provinces, especially Balochistan, saying otherwise Pakistan is in danger of losing it's hold over the province.
Published 31 Jul, 2008 12:00am
LTIA accuses Lesco of violating accord

LTIA accuses Lesco of violating accord

If Lahore Electric Supply Company (Lesco) continued to violate its agreement with the industrialists of Lahore Township Industrial Area (LTIA), they would be left with no option but to close down their industrial units.
Published 31 Jul, 2008 12:00am
New PML-N Kisan wing president

New PML-N Kisan wing president

Atif Ahmad, nephew of a former state minister Mansab Ali Khan, has been appointed as president of PML-N, Kisan wing, Nankana Sahib. Punjab Kisan wing president of PML-N, Zulfiqar Hussain, issued a notification in this regard, said a press release here on
Published 31 Jul, 2008 12:00am
154 ASIs promoted as sub-inspectors

154 ASIs promoted as sub-inspectors

Capital City Police Officer (CCPO) Muhammad Pervez Rathore has confirmed the promotion of 154 assistant sub-inspectors of the Lahore Police to the rank of sub-inspector.
Published 31 Jul, 2008 12:00am
Food department, PFMA review flour provision

Food department, PFMA review flour provision

The Punjab Food Department and the Pakistan Flour Mills Association (PFMA-Punjab) have held a series of talks to ensure that the flour is being supplied at a rate fixed by the government. During the meeting, held on Wednesday, both sides reviewed the avai
Published 31 Jul, 2008 12:00am
Case against Shahbaz adjourned

Case against Shahbaz adjourned

A Lahore High Court full bench, headed by Justice Maulvi Anwar-ul-Haq, on Wednesday adjourned the cases of identical petitions disputing the eligibility of Punjab Chief Minister Shahbaz Sharif as Shahid Orakzai, a freelance journalist sought to send furth
Published 31 Jul, 2008 12:00am
Two NAB officials exonerated

Two NAB officials exonerated

The Supreme Court on Wednesday exonerated two senior officers of National Accountability Bureau (NAB), arrested on contempt of court charges, last week, after they tendered an unconditional apology.
Published 31 Jul, 2008 12:00am
Dr Afia case: IHC directs Interior Secretary to file statement

Dr Afia case: IHC directs Interior Secretary to file statement

The Islamabad High Court on Wednesday directed the Interior Secretary to file a concise statement in the court explaining whether Dr Afia Siddiqui was handed over to American authorities or not. A single bench of Chief Justice Sardar Muhammad Aslam gave t
Published 31 Jul, 2008 12:00am
Acision offices inaugurated

Acision offices inaugurated

Malaysian High Commissioner Ahmad Sahizan Abd Samad has launched new Acision offices at Saudi Towers here on Wednesday. The company is world's pioneering text messaging enterprise and holds 66 percent of market share in Pakistan. Across the world, it prov
Published 31 Jul, 2008 12:00am
NWFP to open 400 schools under BECS project

NWFP to open 400 schools under BECS project

More than 400 community schools will be opened in NWFP during current financial year 2008-09 for which qualified teachers, books, consumable items and even the training of teachers will be financed by the Basic Education Community Schools Project (BECS) p
Published 31 Jul, 2008 12:00am
Last date for submission of entry test forms announced

Last date for submission of entry test forms announced

August 1 is the last day for submission of entry test forms for admission in various disciplines at MA/MSc level, while the last date for submission of entry test forms for admissions in various disciplines at BS (four-year programme) is August 4. The ent
Published 31 Jul, 2008 12:00am
Long term benefits of e-filing system highlighted

Long term benefits of e-filing system highlighted

Speakers at a seminar termed e-filing system as taxpayer friendly mechanism, saying that it will provide long term benefits to the taxpayers and make them audit free within a few years.
Published 31 Jul, 2008 12:00am
'Sindh Coal Authority still functional'

'Sindh Coal Authority still functional'

Stressing the need for establishing coal-based power generating plants instead of oil-based, the Sindh government has clarified that the Sindh Coal Authority (TCA) is still functional.
Published 31 Jul, 2008 12:00am
Monsoon rain: Mustafa expresses satisfaction over arrangements

Monsoon rain: Mustafa expresses satisfaction over arrangements

Nazim Karachi Syed Mustafa Kamal has said that situation in Karachi on Wednesday was much better even after 66 mm of rainfall as compared to previous years when main roads used to submerge in rain water for 20 days at a stretch and traffic gridlock occurr
Published 31 Jul, 2008 12:00am
SAU employees seek removal of vice chancellor

SAU employees seek removal of vice chancellor

The Sindh Agriculture University Employees Union activists held a demonstration outside the Vice Chancellor Block on Wednesday, demanding the removal of Vice-Chancellor Dr Basheer Ahmed Shaikh They accused him of in malpractice, nepotism and favouritism.
Published 31 Jul, 2008 12:00am
SAU rejects demands of agitating employees

SAU rejects demands of agitating employees

The administration of the Sindh Agriculture University, Tandojam has rejected the demands of agitating employees, describing them as unjust. The university has said that three employees of the action committee's have been issued final show cause notices u
Published 31 Jul, 2008 12:00am
PIA installs e-ticketing kiosk at CCBL

PIA installs e-ticketing kiosk at CCBL

Pakistan International Airlines (PIA) and Crescent Commercial Bank Limited (CCBL), a subsidiary of Samba Financial Group, KSA, signed an agreement for installation of first ever financial centre PIA e-ticketing kiosk in the ATM lobby of CCBL branch at Cli
Published 31 Jul, 2008 12:00am
The Weather

The Weather

The weather report on Wednesday (July 30, 2008) and the forecast for Thursday (July 31, 2008).

Published 31 Jul, 2008 12:00am
Workshop on crude oil and petroleum products held

Workshop on crude oil and petroleum products held

A one-day workshop on "Crude Oil and Petroleum Products" was organised by the National Centre of Excellence in Analytical Chemistry, at the University of Sindh, Jamshoro. The title of the workshop was "University Industry Interaction and Collaboration" an
Published 31 Jul, 2008 12:00am
Consumer rights violations: CCP includes oil sector in assessment list

Consumer rights violations: CCP includes oil sector in assessment list

The Competition Commission of Pakistan (CCP) would conduct assessment of the oil sector among 12-15 other sectors to detect consumer rights violations. This was stated by CCP Chairman Khalid A. Mirza at a seminar on "The Importance of a Competition Regime
Published 31 Jul, 2008 12:00am
More rain forecast

More rain forecast

The meteorological department has forecast cloudy weather with chances of rain and thunderstorm during the next 24 hours. The sunny weather remained on Wednesday across the city. However, some parts of Sindh province including Badin and Pad Eden received
Published 31 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 31 Jul, 2008 12:00am
PML-N women wing being re-organised

PML-N women wing being re-organised

Pakistan Muslim League (N) has announced to re-organise Kasur city's women wing in order to streamline its affairs for a more effective role in the area. The president of PML-N Kasur city women wing is Zarina Kasuri, Amtul Aziz general secretary, while Ra
Published 31 Jul, 2008 12:00am
Punjab to set up paramedics colleges, 32 hospitals

Punjab to set up paramedics colleges, 32 hospitals

Punjab Senior Minister Raja Riaz Ahmad has said that the "service structure of paramedics was being improved in the government sector as they are the lynchpin of the infrastructure of every hospital." He added that new District Headquarter Hospitals (DHQ)
Published 31 Jul, 2008 12:00am
Rs 540 million allocated for treatment of kidney patients

Rs 540 million allocated for treatment of kidney patients

Up to Rs 540 million has been reserved in the budget 2008-09 for the treatment of the poor kidney patients, whereas new dialyses centres would be set up in the province to treat dialyses patients.
Published 31 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Distract task force to monitor polio campaign in Sindh

Distract task force to monitor polio campaign in Sindh

The government of Sindh announced to constitute Distract Task Force regarding improvement of routine immunisation in Sindh. The Task force announced by the government will be used to watch polio campaign under "Expanded Program on immunisation in Sindh."
Published 31 Jul, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Doctors call to review polio eradication strategy

Doctors call to review polio eradication strategy

Doctors have called to review the current polio eradication strategy in the country with due stock towards "Fatigue Syndrome" registered among concerned workers as well as people in general. Talking to newsmen, they said the strategy adopted in 1994 follo
Published 31 Jul, 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 (July 30, 2008).

Published 31 Jul, 2008 12:00am
Fruit drinks lead to type-two diabetes

Fruit drinks lead to type-two diabetes

Sweetened fruit drinks are often marketed as a healthier alternative to non-diet soft drinks but are just as likely to cause weight gain and increase the risk of diabetes, researchers said. The public should be made aware that these drinks are not a healt
Published 31 Jul, 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, (July 31, 2008).

Published 31 Jul, 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, (July 31, 2008).

Published 31 Jul, 2008 12:00am
Taseer rules out possibility of 'Governor's rule'

Taseer rules out possibility of 'Governor's rule'

Punjab Governor Salmaan Taseer on Wednesday ruling out the possibility of Governor's rule in Punjab, said demonstrating political maturity and respects to each others viewpoints were important to address problems confronting the country today.
Published 31 Jul, 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, (July 31, 2008).

Published 31 Jul, 2008 12:00am
Businessmen not happy with monetary policy

Businessmen not happy with monetary policy

A majority of local businessmen termed the State Bank's monetary policy unfriendly for the business community and stressed that central bank should adopt alternative measures to arrest the rising inflationary trend in the country.
Published 31 Jul, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Faisalabad WASA to revamp master plan

Faisalabad WASA to revamp master plan

The Water and Sanitation Agency (WASA) Faisalabad has decided to update its Master Plan to meet the growing requirements of the industrial city, where fifty percent of the populace are still without drinking water and sewerage facilities.
Published 31 Jul, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (July 30, 2008) and for Thursday (July 31, 2008).
Published 31 Jul, 2008 12:00am
Diplomats highlight role of seminaries

Diplomats highlight role of seminaries

The Ambassadors of Italy, Mexico, Brazil, Afghanistan, The Philippines and South Korea said that religious seminaries in Pakistan can play a pivotal role in curbing terrorism and extremism while talking to reporters on their visit to Madarsah Khair-ul-Mad
Published 31 Jul, 2008 12:00am
Health sector: Sherry for boosting Pak-US cooperation

Health sector: Sherry for boosting Pak-US cooperation

Federal Minister for Information and Broadcasting, Ms Sherry Rehman, who also holds the portfolio of health, conferred with the US Secretary for Health and Human Services, Mike Leavitt, for boosting co-operation between the two countries in the health sec
Published 31 Jul, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Corporate Results: DHCL second quarter profit rises

Corporate Results: DHCL second quarter profit rises

The profit after tax of Dawood Hercules Chemicals Limited increased to Rs 510.445 million in the second quarter ended June 30, 2008 as compared to Rs 146.589 million in the corresponding period in 2007. The company's earning per share has increased to Rs
Published 31 Jul, 2008 12:00am
Corporate Results: DHCL second quarter profit rises

Corporate Results: DHCL second quarter profit rises

The profit after tax of Dawood Hercules Chemicals Limited increased to Rs 510.445 million in the second quarter ended June 30, 2008 as compared to Rs 146.589 million in the corresponding period in 2007. The company's earning per share has increased to Rs
Published 31 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Corporate Results: second interim cash dividend by FFC

Corporate Results: second interim cash dividend by FFC

The net profit after tax of Fauji Fertiliser Company Limited (FFC) has increased to Rs 3,286.314 million in the half year period ended June 30, 2008 as compared to Rs 2,384.547 million earned in the corresponding period in 2007.
Published 31 Jul, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Corporate Results: second interim cash dividend by FFC

Corporate Results: second interim cash dividend by FFC

The net profit after tax of Fauji Fertiliser Company Limited (FFC) has increased to Rs 3,286.314 million in the half year period ended June 30, 2008 as compared to Rs 2,384.547 million earned in the corresponding period in 2007.
Published 31 Jul, 2008 12:00am
Corporate Results: AHL profit shows increase

Corporate Results: AHL profit shows increase

The profit after tax (PAT) of Arif Habib Limited (AHL) has increased to Rs 456.441 million, showing an earning per share (EPS) of Rs 19.14 in the year ended June 30, 2008 as compared to PAT of Rs 321.590 million and EPS Rs 14.11 in the corresponding perio
Published 31 Jul, 2008 12:00am
Corporate Results: AHL profit shows increase

Corporate Results: AHL profit shows increase

The profit after tax (PAT) of Arif Habib Limited (AHL) has increased to Rs 456.441 million, showing an earning per share (EPS) of Rs 19.14 in the year ended June 30, 2008 as compared to PAT of Rs 321.590 million and EPS Rs 14.11 in the corresponding perio
Published 31 Jul, 2008 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

The rupee moved cautiously against dollar in the local currency market on Wednesday as a result of the State Bank of Pakistan's (SBP) fresh move, in which it announced an increase in its key discount rate to 13.0 percent from 12.0 percent, dealers said.
Published 31 Jul, 2008 12:00am
KCCI demands quick decisions on economic policy

KCCI demands quick decisions on economic policy

Karachi Chamber of Commerce and Industry (KCCI) has demanded of the government not to waste time and make economic policy decisions on war footing to save the country from economic turmoil. The KCCI also urged the federal finance and commerce minister to
Published 31 Jul, 2008 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

The rupee moved cautiously against dollar in the local currency market on Wednesday as a result of the State Bank of Pakistan's (SBP) fresh move, in which it announced an increase in its key discount rate to 13.0 percent from 12.0 percent, dealers said.
Published 31 Jul, 2008 12:00am
'Independent judiciary must for society's uplift'

'Independent judiciary must for society's uplift'

The non-functional chief justice of Supreme Court, Iftikhar Muhammad Chaudhry, has termed the independence of judiciary, rule of law and supremacy of constitution as prerequisites for the development of the society. He also held the absence of independent
Published 31 Jul, 2008 12:00am
SSC PART-II Science Group result today

SSC PART-II Science Group result today

The Board of Secondary Education, Karachi will announce the result of SSC PART-II (Class X) Science Group - Annual Examinations 2008 (today) the 31st July, 2008.
Published 31 Jul, 2008 12:00am
IIU staff welfare body polls on August 26

IIU staff welfare body polls on August 26

The Islamic University announced the schedule of its first ever elections of the Staff Welfare Association to be held on August 26. According to the schedule, initial voters list will be displayed on August 4, the final list on August 6 at old, new and wo
Published 31 Jul, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (July 30, 2008).

Published 31 Jul, 2008 12:00am
Kanupp shutdown: many parts of Karachi plunge into darkness

Kanupp shutdown: many parts of Karachi plunge into darkness

Several areas of the city on Wednesday continued to suffer from severe load shedding of electricity from the Karachi Electric Supply Corporation (KESC) for hours in the aftermath of the first spell of rainfall in the megacity.
Published 31 Jul, 2008 12:00am
Commonwealth books fair in Pakistan next year

Commonwealth books fair in Pakistan next year

Pakistan has been chosen as the venue for Commonwealth books fair in 2009, the National Book Foundation (NBF) announced today. NBF has also been charge with the task of organising this event.
Published 31 Jul, 2008 12:00am
PPP MNAs, MPs from Frontier meet

PPP MNAs, MPs from Frontier meet

Jahangir Badr, Secretary General of the Pakistan People's Party, presided over a meeting of Members of National Assembly and Provincial Assembly belonging to Frontier Province at the Zardari House on Wednesday. The meeting discussed issues relating to the
Published 31 Jul, 2008 12:00am
Militants kill woman 'US spy' in North Waziristan

Militants kill woman 'US spy' in North Waziristan

Militants shot and killed an Afghan woman accused of being a US spy in North Waziristan region, and dumped her body in a sewer, a witness and intelligence officials said on Wednesday. The militants in North and South Waziristan have killed dozens of peopl
Published 31 Jul, 2008 12:00am
Fire completely burns switch box-cum-transformer

Fire completely burns switch box-cum-transformer

Fire completely burned switch box cum transformer in 66th Street of G 9/4 sector at about 3 pm on Wednesday afternoon. The monetary damage for the loss of transformer was calculated to be over Rs 200,000.
Published 31 Jul, 2008 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 31 Jul, 2008 12:00am
'Electric shocks incidents on rise due to carelessness'

'Electric shocks incidents on rise due to carelessness'

Chief Executive IESCO Raja Abdul Ghafoor has said that fatal accidents by electric shocks are increasing due to non-implementation on safety measures. He stated this while addressing XENs in monthly meeting at IESCO Head Office on Wednesday.
Published 31 Jul, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2008 12:00am
70,000 special people to be trained in quake-hit areas

70,000 special people to be trained in quake-hit areas

Medical rehabilitation of persons with disabilities in quake-affected areas (MRDEA-Erra) would train some 70,000 special people under community-based rehabilitation (CBR) programme, it was learnt on Wednesday. According to sources the programme would cove
Published 31 Jul, 2008 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2008 12:00am
NCHD decides to lay off 80,000 employees

NCHD decides to lay off 80,000 employees

The National Human Commission Development (NCHD) board of governors has decided to lay off 80,000 employee working in different projects, including health, education, literacy, volunteerism for community development and capacity development departments be
Published 31 Jul, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2008 12:00am
NCHD decides to lay off 80,000 employees

NCHD decides to lay off 80,000 employees

The National Human Commission Development (NCHD) board of governors has decided to lay off 80,000 employee working in different projects, including health, education, literacy, volunteerism for community development and capacity development departments be
Published 31 Jul, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 Jul, 2008 12:00am
Prime Minister's stance on national issues hailed

Prime Minister's stance on national issues hailed

Provincial Ministers Farooq Ghurki and Dr Tanveer-ul-Islam have hailed the firm stand of Prime Minister, Syed Yousaf Raza Gilani, on national issues. In their statements issued here on Wednesday they said that keeping in view of present geographical situa
Published 31 Jul, 2008 12:00am
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