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Print - 2008-08-01
NFC Award to be announced soon: Rabbani

NFC Award to be announced soon: Rabbani

Raza Rabbani, Leader of the House in Senate, meeting journalists in a meet the press here Thursday at a local hotel announced that new NFC Award would be announced in few weeks time.
Published 01 Aug, 2008 12:00am
Rs one billion for improving Allama Iqbal Airport

Rs one billion for improving Allama Iqbal Airport

The Civil Aviation Authority (CAA) has decided to go for development and expansion of Allama Iqbal International Airport at a cost of Rs 1 billion to address existing congestion problem and accommodate growth in international traffic.
Published 01 Aug, 2008 12:00am
Pakistan may miss mango export target

Pakistan may miss mango export target

Pakistan may miss the mango export target fixed at 130,000 tonnes for 2008-09 as the people monitoring the export of this fruit feel that Pakistan will be able to touch only 100,000 tonnes. Till July 15, Pakistan exported around 62,500 tonnes of mangoes t
Published 01 Aug, 2008 12:00am
Lawyer's sons abduction case: SHO directed to register FIR

Lawyer's sons abduction case: SHO directed to register FIR

The Lahore High Court (LHC) here on Thursday directed Station House Officer (SHO), Mozang Police, to record the statement of the victims and register a FIR against alleged abduction of two sons of a lawyer and submit the report to the court within 15 days
Published 01 Aug, 2008 12:00am
More people join lawyers protest rally

More people join lawyers protest rally

The lawyers' weekly protest for reinstatement of the judges was strengthened and more protesters, including lawyers, activists of civil society, and different political parties joined the rally as compared to their previous rallies under scorching sun bec
Published 01 Aug, 2008 12:00am
Condolence

Condolence

The Chief Justice of the Lahore High Court (LHC) Sayed Zahid Hussain has expressed deep sorrow and grief on the sad demise of Additional District and Sessions Judge Jaffar Hussain. In his message to bereaved family, Chief Justice said, Jaffar Hussain was
Published 01 Aug, 2008 12:00am
Punjab government plans industrial estates in backward areas

Punjab government plans industrial estates in backward areas

Pakistan Muslim League-N led coalition government in Punjab has planned to develop industrial estates equipped with electricity, gas, telephone along the motorways for the convenience of domestic and overseas investors.
Published 01 Aug, 2008 12:00am
Eight million people suffering from diabetes in Pakistan

Eight million people suffering from diabetes in Pakistan

Diabetes mellitus is emerging as a pandemic in the, country. According to world Health Organisation (WHO), currently there are 8 million diabetic patients in Pakistan and the number will increase to 14.5 millions by 2025. Pakistan is on 7th position in th
Published 01 Aug, 2008 12:00am
Apparel Forum seeks sales tax exemption on packing material

Apparel Forum seeks sales tax exemption on packing material

Pakistan Apparel Forum (PAF) has demanded of the government to give sales tax exemption on the packing material of textile sector, sources told Business Recorder here on Thursday. The apparel sector has to pay 15-16 percent sales tax on the packing
Published 01 Aug, 2008 12:00am
New steel policy on the cards

New steel policy on the cards

The government will shortly announce a new 'National Steel Policy' to double the indigenous steel production to 10 million tons per annum by 2015, or 15 million tons by 2020. The present capacity is only 500,000 million tons annually. The outline of the p
Published 01 Aug, 2008 12:00am
Government credit for fostering broadcast media growth

Government credit for fostering broadcast media growth

Pakistan Electronic Media Regulatory Authority (Pemra) in its 50th meeting held at Islamabad on Thursday decided to grant a license to M/s Central Media Network to establish and operate satellite TV channel with the brand name of Value TV, besides approvi
Published 01 Aug, 2008 12:00am
Exhibition of rare Quranic manuscripts lauded

Exhibition of rare Quranic manuscripts lauded

Senate Acting Chairman Jan Mohammad Khan Jamali has praised the exhibition of rare Quranic manuscripts and calligraphy displayed at Khan-i-Farhang. Iran. Speaking on the occasion, Jamali urged the Ummah to shun petty differences and also foil conspiracies
Published 01 Aug, 2008 12:00am
'Environment Asia 2008' to be held on August 19

'Environment Asia 2008' to be held on August 19

The arrangements for two-day "Environment Asia-2008" comprising an international conference and exhibition, would be held here on August 19. Chief Organiser of the event, Mian Fazal Ahmad, disclosed this in a meeting of the organising committee that was h
Published 01 Aug, 2008 12:00am
National Assembly Speaker to attend Commonwealth meeting in Malaysia

National Assembly Speaker to attend Commonwealth meeting in Malaysia

National Assembly Speaker Dr Fehmida Mirza will lead a six member delegation of NA Members to the 54th Commonwealth Parliamentary Association meeting scheduled from August 4 to 10 in Kuala Lumpur. Members of the delegation include Azra Fazal Pucheho, Nafi
Published 01 Aug, 2008 12:00am
'Pakistan and Switzerland enjoy friendly bilateral ties'

'Pakistan and Switzerland enjoy friendly bilateral ties'

Switzerland and Pakistan enjoy very friendly bilateral relations, this was stated by Switzerland Consul General in Karachi, Martin Bienz. In a statement on the eve of the Swiss National Day, he pointed out that the economic ties between the two countries
Published 01 Aug, 2008 12:00am
PFMA to discuss wheat crisis on August 4

PFMA to discuss wheat crisis on August 4

Pakistan Flour Mills Association (PFMA) has convened its executive committee meeting here on August 4, (Monday) to discuss the matters relating to the growing wheat shortage and closure of flourmills in north-west Frontier Province (NWFP).
Published 01 Aug, 2008 12:00am
Senate body takes notice of PTA rules violation by cell phone companies

Senate body takes notice of PTA rules violation by cell phone companies

Senate Standing Committee on Information Technology has observed that despite repeated assurances, the mobile phone companies and their franchises continue to violate the rules and regulations, laid down by the Pakistan Telecommunication Authority (PTA) f
Published 01 Aug, 2008 12:00am
Rs 800 million for cereal production on marginal land

Rs 800 million for cereal production on marginal land

The government has planned to rehabilitate marginal land in Kasur, Sheikhupura, Gujranwala and Nankana Sahib for cereal production with a total cost of Rs 800 million. This was disclosed by Senior Minister Raja Riaz Ahmad while addressing a meeting of far
Published 01 Aug, 2008 12:00am
Zila Council Hyderabad session on August 2

Zila Council Hyderabad session on August 2

The Council Officer of the Zila Council Hyderabad has announced that the ordinary session of Zila Council Hyderabad will commence from August 2, 2008 at 11 am daily in the Zila Council Hall Hyderabad.
Published 01 Aug, 2008 12:00am
DCO ordered to rid graveyards of encroachments

DCO ordered to rid graveyards of encroachments

The District Co-ordination Officer (DCO) has received court orders to rid graveyards of encroachments in two months and submit the report in this regard by October 7. On Wednesday, DCO appeared before the LHC with a report showing that all the unauthorise
Published 01 Aug, 2008 12:00am
Nazims to resist abolition of district government system

Nazims to resist abolition of district government system

The district Nazims of the North West Frontier Province (NWFP) in a meeting held at Kund Rest House, district Nowshera, have decided to join hands on launching a vigorous movement for the protection of the district government system not only in NWFP, but
Published 01 Aug, 2008 12:00am
NWFP draft environment policy to improve quality of life

NWFP draft environment policy to improve quality of life

NWFP Environment Minister Wajid Ali Khan has said the proposed environmental policy is aimed to achieve sustainable development through protection, conservation and restoration of the environment with the participation of local community in order to impro
Published 01 Aug, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (July 31, 2008) and the forecast for Friday (August 01, 2008).

Published 01 Aug, 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 01 Aug, 2008 12:00am
British Airways satisfied with Pakistan's security steps

British Airways satisfied with Pakistan's security steps

Chris Phipps, British Airways Manager for Pakistan and Afghanistan, has said that the passengers, crew and aircraft security is top most priority of the airline and all out efforts are being made for safe and secure journey of its valued customers, beside
Published 01 Aug, 2008 12:00am
LHC adjourns case against Nazim

LHC adjourns case against Nazim

The Lahore High Court (LHC) adjourning a case until the second week of September ordered to withhold the result of no-confidence move against the District Nazim, Sheikhupura, Pir Muhammad Jamil Sharakpuri.
Published 01 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
Supreme Court disposes of union's leave petition

Supreme Court disposes of union's leave petition

The Supreme Court of Pakistan has disposed of a leave petition filed by the Employees Union of Javed Press against order dated May 30, 2008 of the Sindh High Court wherein the Court has stayed the ITNE to take any coercive action against the APNS member p
Published 01 Aug, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (July 31, 2008) and for Friday (August 01, 2008).
Published 01 Aug, 2008 12:00am
NAB pleads AC to summon Sharifs for personal appearance in court

NAB pleads AC to summon Sharifs for personal appearance in court

National Accountability Bureau (NAB) pleaded before the Accountability Court to issue summons to Mian Muhammad Nawaz Sharif, PML-N leader and former prime minister, Mian Shahbaz Sharif, Punjab Chief Minister and PML-N President for their personal appearan
Published 01 Aug, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
Unmarked vehicles with armed cops to patrol M-1

Unmarked vehicles with armed cops to patrol M-1

To root out crime on Peshawar-Islamabad Motorway (M-1), National Highways and Motorway Police (NH&MP) would induct unmarked vehicles with armed police officials in plain-clothes, a source in Ministry of Communications told APP here Thursday.
Published 01 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
NFEH fails to raise environmental issues in summer camp

NFEH fails to raise environmental issues in summer camp

A Children's Environment Day awareness programme event, organised jointly by the National Forum for Environment and Health (NFEH) and the Ramada Plaza Hotel, here on Thursday, turned out to be a tame affair.
Published 01 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
PHMA concerned over e-filing defects

PHMA concerned over e-filing defects

Chairman Sales Tax Committee of Pakistan Hosiery Manufacturers Association (PHMA), Saleem Parekh has expressed concern over the increasing complaints from the members against the e-filing defects.
Published 01 Aug, 2008 12:00am
ADB cuts $350 million loan for KMCP: reason given is official apathy

ADB cuts $350 million loan for KMCP: reason given is official apathy

The Asian Development Bank (ADB) has cut $350 million loan for the Karachi Mega City Project (KMCP), owing to official indifferences. Well-placed sources told Business Recorder on Thursday that ADB, in collaboration with Government of Sindh (GoS) a
Published 01 Aug, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee managed to recover some lost ground against dollar in the interbank market on Thursday, dealers said. The rupee gained 10 paisa versus dollar for buying at 71.45 and it also rose by 10 paisa for selling at 71.50 despite improved dollars' demand,
Published 01 Aug, 2008 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee managed to recover some lost ground against dollar in the interbank market on Thursday, dealers said. The rupee gained 10 paisa versus dollar for buying at 71.45 and it also rose by 10 paisa for selling at 71.50 despite improved dollars' demand,
Published 01 Aug, 2008 12:00am
Labard provides medical facilities to over 80 disabled persons

Labard provides medical facilities to over 80 disabled persons

The Lahore Businessmen Association for Rehabilitation of the Disabled (Labard) has on Thursday provided medical assistance to more than 80 disabled persons at a medical camp established here at the LABARD office under the supervision of its President Perv
Published 01 Aug, 2008 12:00am
NKATI criticises monetary policy

NKATI criticises monetary policy

Captain A Moiz Khan Patron-in-chief and Noor Ahmed Khan, Chairman, North Karachi Association of Trade and Industry (NKATI) commenting on recently announced monetary policy for July-December 2008 said that further tightening of monitory policy by 100 base
Published 01 Aug, 2008 12:00am
Kings Clothing signs pact with Orix

Kings Clothing signs pact with Orix

Kings Clothing (Pvt) Ltd, the franchisee for United Colors of Benetton, Italy in Pakistan, has signed an agreement with Orix, Network, e-Business Division for their 'Loyalty Card' programme. The agreement was signed at the Kings Group Head Office, here on
Published 01 Aug, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
Kings Clothing signs pact with Orix

Kings Clothing signs pact with Orix

Kings Clothing (Pvt) Ltd, the franchisee for United Colors of Benetton, Italy in Pakistan, has signed an agreement with Orix, Network, e-Business Division for their 'Loyalty Card' programme. The agreement was signed at the Kings Group Head Office, here on
Published 01 Aug, 2008 12:00am
Irsa releases 313,009 cusecs water

Irsa releases 313,009 cusecs water

Indus River System Authority (Irsa) on Thursday discharged 313,009 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded on Thursday was 334,069 cusecs. Water level at Tarbela Dam recorded on T
Published 01 Aug, 2008 12:00am
Rs 24.59 billion released to Punjab Police

Rs 24.59 billion released to Punjab Police

Finance department of Punjab government has released the budget of about Rs 24.59 billion to Punjab Police for the fiscal year 2008-09. The budget released for southern Punjab including Multan, Bahawalpur and D.G. Khan range is about Rs 3.19 billion.
Published 01 Aug, 2008 12:00am
CCPO awards officials

CCPO awards officials

Capital City Police Officer (CCPO), Muhammad Pervez Rathore has awarded cash prizes worth five thousand rupees each to three officials of Mobile Squad Qilla Gujjar Singh for arresting a criminal involved in house robbery.
Published 01 Aug, 2008 12:00am
Two criminals' gang busted

Two criminals' gang busted

Investigation wing of Police, Modal Town division, have busted two gangs, who were involved in a number of criminal activities, including robbery and street crimes. Police arrested their five members and seized cash, cell phones as well as illegal weapons
Published 01 Aug, 2008 12:00am
Presentation

Presentation

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

Published 01 Aug, 2008 12:00am
Academics, businessmen criticise interest rate hike

Academics, businessmen criticise interest rate hike

Renowned economist and Ex-vice chancellor of Bahauddin Zakariya University, Dr Karamat Ali has said that the one percent increase in discount rates by the central bank surprised economists, as Pakistan is currently passing through a stagflation phase wher
Published 01 Aug, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2008 12:00am
Academic collaboration: Punjab and Bielefeld universities sign agreement

Academic collaboration: Punjab and Bielefeld universities sign agreement

Punjab University and Bielefeld University, Germany, Department of Public Health Medicine have signed an agreement of academic collaboration. PU External Linkages Director Professor Dr Najma Najam signed the agreement during her visit to Bielefeld Univers
Published 01 Aug, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2008 12:00am
BA and BSc registration date extended

BA and BSc registration date extended

Punjab University (PU) has extended the registration date of private candidates appearing in BA/BSc Annual Examination 2009 with double fee till August 31. Punjab University Registrar Professor Dr Muhammad Naeem Khan has said that no institution or academ
Published 01 Aug, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Aug, 2008 12:00am
Girls bag top positions in SSC Part II science group exam

Girls bag top positions in SSC Part II science group exam

The girls bagged all the top positions in the SSC Part II Annual Examination 2008 of the Science Group. The Board of Secondary Education Karachi (BSEK) notified the results on Thursday. Subas Ali and Alicia Khan Ghauri - both of the St Joseph's Convent Hi
Published 01 Aug, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (July 31, 2008).

Published 01 Aug, 2008 12:00am
Essay writing contest for students

Essay writing contest for students

The Centre for Civic Education Pakistan will hold essay writing contest for students across the country in September to give them an opportunity to share their opinion on democracy and democratic citizenship in the country.
Published 01 Aug, 2008 12:00am
'No chance of flood in rivers'

'No chance of flood in rivers'

Director General Meteorological Department, Dr Qamar Zaman, Thursday said that monsoon current has become active again with chances of widespread rains in southern Punjab and some parts of Balochistan. The MD, however, ruled out possibility of flood in th
Published 01 Aug, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Aug, 2008 12:00am
Officials visit flour checkpoints

Officials visit flour checkpoints

Punjab Food Minister Kamran Nadeem, Secretary Food Rao Iftikhar Ahmed, the Punjab Home Secretary and the IGP on Thursday visited checkpoints set up to counter the smuggling of Atta. They went by helicopter to the checkpoints at Dera Ghazi Khan, Layyah, Mu
Published 01 Aug, 2008 12:00am
Karachi University vice chancellor condoles death of Professor Nayyar

Karachi University vice chancellor condoles death of Professor Nayyar

Karachi University's Vice Chancellor Professor Dr Pirzada Qasim Raza Siddiqui has condoled over the demise of Professor Dr Adam Nayyar. In a condolence message on Thursday, he expressed deep sorrow and grief at the death of Professor Nayyar, a scholar of
Published 01 Aug, 2008 12:00am
Government considering to raise wheat issue price

Government considering to raise wheat issue price

The government is again considering an increase in the wheat issue price from the existing Rs 625 per 40 kg to Rs 800 per 40 kg from September onwards, when the government starts releasing its stocks to flour mills across the country. The existing open ma
Published 01 Aug, 2008 12:00am
Country needs national reconciliation: Imran Khan

Country needs national reconciliation: Imran Khan

Chairman Pakistan Tehreek-i-Insaf (PTI) Imran Khan on Thursday said there is dire need of national reconciliation among political parties as well as people of the country. Addressing a press conference here, Imran Khan said Pakistan was created in the nam
Published 01 Aug, 2008 12:00am
Japanese envoy calls on Qazi

Japanese envoy calls on Qazi

The Japanese ambassador to Pakistan, Seiji Ojima, called on Jamaat-i-Islami Ameer Qazi Hussain Ahmed at Mansoorah on Thursday. According to a press release by JI Media Cell, both sides discussed matters of mutual interest during the meeting.
Published 01 Aug, 2008 12:00am
Cement pricing issue stays unresolved

Cement pricing issue stays unresolved

The Ministry of Industries and the cement manufacturers are said to have failed to resolve the dispute over cement pricing due to the inexplicable absence of Prime Minister's Advisor on Industries Mian Manzoor Wattoo, sources in cement industry told Bu
Published 01 Aug, 2008 12:00am
Finance Division's farewell dinner for Abdullah Yousaf

Finance Division's farewell dinner for Abdullah Yousaf

Finance Division hosted a farewell dinner in the honour of outgoing Chairman of Federal Board of Revenue (FBR) Abdullah Yousaf, which was also attended by Minister of Finance Naveed Qamar. Ahmed Waqar Chairman FBR, senior officers of Ministry of Finance a
Published 01 Aug, 2008 12:00am
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