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Mar 19, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-08-28
US MIDDAY: gold gains

US MIDDAY: gold gains

US gold futures rose amid light volume early on Wednesday, extending the previous session's gains as the rise in crude oil and the drop in the dollar prompted buying of bullion as an alternative investment. December gold was up $7.10 at $835.20 an ounce o
Published 28 Aug, 2008 12:00am
Atta urges larger US support in higher education

Atta urges larger US support in higher education

Knowledge has become the key driving force for socio-economic development in the present world and that is the road Pakistan must adopt to progress. This was stated by Chairman, Higher Education Commission (HEC), Dr Atta-ur-Rahman, at a three-day Pakistan
Published 28 Aug, 2008 12:00am
Accreditation system of teachers' education suggested

Accreditation system of teachers' education suggested

Educationists, professors and experts have suggested ministry of education to evolve an accreditation system of teachers' education to produce quality teachers for the country's educational institutions.
Published 28 Aug, 2008 12:00am
Violence at campus condemned

Violence at campus condemned

The Vice Chancellor of Karachi University, Professor Dr Pirzada Qasim Raza Siddiqui, called an urgent meeting in his office to review the situation and take measures to control and normalise the situation at the campus.
Published 28 Aug, 2008 12:00am
Contraband seized

Contraband seized

The Intelligence and Investigation, FBR Karachi on a tip off, seized large quantity of contraband from a truck bound for Sukkur from Quetta. The Director, Intelligence and Investigation, FBR Karachi, Fazal Qadir Qalban on receiving the information that a
Published 28 Aug, 2008 12:00am
12kg heroin seized

12kg heroin seized

The Custom department seized 12-kilogram heroin of fine quality at the airport and arrested one accused on the spot, Inspector Custom Peshawar Qaisar Khan said on Wednesday. The custom authorities after receiving secret information that huge quantity of n
Published 28 Aug, 2008 12:00am
LHC directs PTBB to reinstate subject specialist

LHC directs PTBB to reinstate subject specialist

The Lahore High Court (LHC) has directed the Chairman, Punjab Text Book Board (PTBB) to reinstate subject specialist, Anjum Mumtaz by September 19 otherwise, appear before the court to explain as to why contempt of court proceedings may not be initiated a
Published 28 Aug, 2008 12:00am
Pakistan and Japan to further boost ties in various fields

Pakistan and Japan to further boost ties in various fields

Pakistan and Japan have reiterated their desire to further enhance and broaden bilateral co-operation in the areas of trade, economy and particularly defence. This was discussed at a meeting between Federal Defence Minister Defence, Chaudhry Ahmed Mukhtia
Published 28 Aug, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Aug, 2008 12:00am
Pak-Americans gaining a voice in US political systems

Pak-Americans gaining a voice in US political systems

Pakistani Americans, though small in number, have made their presence felt at the Democratic National Convention in Denver, Colorado marking what some say is the beginning of a difficult process of emulating other immigrant groups in gaining a voice in th
Published 28 Aug, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
Self-immolation

Self-immolation

Samina Rashid (35) resident of Yaquob Town (Shah Abbas Chowk) Multan made an attempt of self-immolation following the ill-attitude of her husband. She is a mother of four children. Police said," Samina Rashid sprinkled kerosene oil on her clothes and lit
Published 28 Aug, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 28 Aug, 2008 12:00am
Bus stand blown up in Swat

Bus stand blown up in Swat

Taliban blew up a bus stand with explosives in Tehsil Matta of Swat while on the other hand affected people are fleeing to safer places. The blast also damaged thee building near the bus stand. Taliban has accepted the responsibility for the blast.
Published 28 Aug, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Aug, 2008 12:00am
Regional workshop on urban water demand management held

Regional workshop on urban water demand management held

The Vice Chancellor University of Sindh Mazharul Haq Siddiqui has inaugurated two-day regional workshop on Urban Water Demand Management organised by Centre of Excellence in Analytical Chemistry (NCEAC) University of Sindh in collaboration with University
Published 28 Aug, 2008 12:00am
Board meetings in progress

Board meetings in progress

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

Published 28 Aug, 2008 12:00am
Government earmarks Rs 9.1 billion for higher education: Kaira

Government earmarks Rs 9.1 billion for higher education: Kaira

Provincial Minister for Finance and Planning and Development Tanvir Ashraf Kaira has said that the present government has earmarked Rs 9.1 billion for the up gradation of higher education. Moreover, he also said that the government would bear the educatio
Published 28 Aug, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Aug, 2008 12:00am
Northern carriageway restoration approved

Northern carriageway restoration approved

The Capital Development Authority (CDA) Board has approved restoration of the Northern Carriage Way of Kashmir Highway from garbage disposal point to Peshawar Morr Islamabad. The approval came in meeting held on Wednesday chaired by the CDA Chairman, Kamr
Published 28 Aug, 2008 12:00am
Germany agrees to provide 17.1 million euros for NBTP

Germany agrees to provide 17.1 million euros for NBTP

Germany has expressed its willingness to provide 17.1 million euros to Pakistan for National Blood Transfusion Programme (NBTP), which will help ensure safe transfusion of blood all over Pakistan. This was revealed in the meeting of high officials of mini
Published 28 Aug, 2008 12:00am
Liver institutes to be set up in Lahore and Islamabad: Gilani

Liver institutes to be set up in Lahore and Islamabad: Gilani

Prime Minister Syed Yousuf Raza Gilani Wednesday announced the establishment of liver Institutes in Lahore and Islamabad. He said that government was committed to provide optimum health care facilities to the people of Pakistan. The Prime Minister met Dr
Published 28 Aug, 2008 12:00am
Situation improving in NWFP and Hangu: Rehman

Situation improving in NWFP and Hangu: Rehman

Rehman Malik, Advisor to Prime Minister on Interior has said that the Tuesday night explosion in Sihala Model Town was a bomb explosion rather gas cylinder blast in which seven people lost their lives. Rehman Malik Wednesday said that situation is returni
Published 28 Aug, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
Provincial governments can't change local government system, Senate told

Provincial governments can't change local government system, Senate told

On a point of order in the upper house, Leader of the Opposition Kamil Ali Agha pointed out that under 6th schedule of the Constitution the provincial governments can't change the district government system introduced through the National Reconstruction B
Published 28 Aug, 2008 12:00am
Lawyers community to hold rally today

Lawyers community to hold rally today

The lawyers' community would boycott the courts and take out rally in metropolis here on Thursday (today) in protest against dismissal of judges of the higher courts. They lawyers would also hold sit in protest before the provincial assembly to compel the
Published 28 Aug, 2008 12:00am
THE RUPEE: rupee makes slight recovery

THE RUPEE: rupee makes slight recovery

The rupee extended its ground against dollar in the interbank and open currency market on Wednesday, dealers said. In the interbank market the rupee gained sharply versus the US currency for buying and selling at 76.15 and 76.20, they added.
Published 28 Aug, 2008 12:00am
Government taking initiatives to counter cyber crimes: official

Government taking initiatives to counter cyber crimes: official

The government is taking the initiatives to counter the cyber crimes, which is a great challenge in the contemporary period in a bid to ensure information security. This was stated by the Federal Secretary for Information Technology and Telecom Hafiz-ur-R
Published 28 Aug, 2008 12:00am
THE RUPEE: rupee makes slight recovery

THE RUPEE: rupee makes slight recovery

The rupee extended its ground against dollar in the interbank and open currency market on Wednesday, dealers said. In the interbank market the rupee gained sharply versus the US currency for buying and selling at 76.15 and 76.20, they added.
Published 28 Aug, 2008 12:00am
Taliban ban journalists' entry without permission to NWA

Taliban ban journalists' entry without permission to NWA

Taliban has banned journalists' without permission entry to North Waziristan Agency, sources said on Wednesday. According to details, spokesman of Taliban leader Hafiz Gull Bahadar, Ahmadullah Ahmadi said that they had taken this step fearing that some jo
Published 28 Aug, 2008 12:00am
Increase in CNG prices: LHC issues notices to Deputy AG

Increase in CNG prices: LHC issues notices to Deputy AG

The Lahore High Court has issued notices to Deputy Attorney General in a petition filed by President Lawyer Welfare Forum Muqtadir Akhtar Shabir, against increase in CNG prices. The court had issued notices to Federation of Pakistan and Ministry of Petrol
Published 28 Aug, 2008 12:00am
PGJDC organising gem bazaar in Peshawar

PGJDC organising gem bazaar in Peshawar

Pakistan Gems and Jewellery Development Company (PGJDC) is organising a two-day 'Gem Bazaar' at its newly built Gem Exchange at Namak Mandi, Peshawar on August 30,2008. The Vice Chancellor, Quaid-e-Azam University, Dr Qasim Jan will inaugurate the Gem Baz
Published 28 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
Four-point policy to control commodities' prices in Ramazan

Four-point policy to control commodities' prices in Ramazan

Punjab government has chalked out a four-point policy under which the supply and controlled rates of 26 essential items of daily use including kitchen commodities will be ensured. This was stated by Chairman Chief Minister's task force on essential items,
Published 28 Aug, 2008 12:00am
Workshop on 'Carbon Credits Potential in Wind Power' on August 29

Workshop on 'Carbon Credits Potential in Wind Power' on August 29

'Carbon Credits Potential in Wind Power Sector in Pakistan' would be highlighted at a two-day workshop being organised by the United Nations Development Program/Global Environment Facility (UNDP/GEF)-funded Wind Energy Project (WEP) on August 29 and 30 at
Published 28 Aug, 2008 12:00am
Sukuk issue for Sitara Limited successfully concluded

Sukuk issue for Sitara Limited successfully concluded

A ceremony was organised recently at a local hotel by United Bank Limited, Bank Alfalah Limited, AMZ Securities (Pvt) Limited and Sitara Peroxide Limited (SPL) to mark the successful close of secured, privately placed diminishing Musharaka based Sukuk iss
Published 28 Aug, 2008 12:00am
Sukuk issue for Sitara Limited successfully concluded

Sukuk issue for Sitara Limited successfully concluded

A ceremony was organised recently at a local hotel by United Bank Limited, Bank Alfalah Limited, AMZ Securities (Pvt) Limited and Sitara Peroxide Limited (SPL) to mark the successful close of secured, privately placed diminishing Musharaka based Sukuk iss
Published 28 Aug, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (August 27, 2008) and for Thursday (August 28, 2008).
Published 28 Aug, 2008 12:00am
Workshops held

Workshops held

Workshops on communication skills, computer literacy and internet were held at College of Physicians and Surgeons Pakistan (CPSP), Provincial Centre, Lahore. A CPSP spokesman said on Wednesday, more than 50 doctors from civil and army institutions partici
Published 28 Aug, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
KCCI and Microsoft hold seminar

KCCI and Microsoft hold seminar

Microsoft, in collaboration with Karachi Chamber of Commerce and Industry (KCCI), held a seminar at KCCI on the "Business Efficiency Through Information Technology Optimisation". The purpose of the seminar was to inform the participants and stress the nee
Published 28 Aug, 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, (August 28, 2008).

Published 28 Aug, 2008 12:00am
KCCI and Microsoft hold seminar

KCCI and Microsoft hold seminar

Microsoft, in collaboration with Karachi Chamber of Commerce and Industry (KCCI), held a seminar at KCCI on the "Business Efficiency Through Information Technology Optimisation". The purpose of the seminar was to inform the participants and stress the nee
Published 28 Aug, 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, (August 28, 2008).

Published 28 Aug, 2008 12:00am
Adamjee insurance company: Arif's resignation accepted

Adamjee insurance company: Arif's resignation accepted

The Board of Directors of Adamjee Insurance Company Limited in its meeting held on August 26, 2008 accepted the resignation of Arif Ijaz, Chief Executive Officer and Managing Director, who has decided to leave for personal reasons. According to a press re
Published 28 Aug, 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, (August 28, 2008).

Published 28 Aug, 2008 12:00am
Chinese youth delegation arrives

Chinese youth delegation arrives

Chinese embassy on Wednesday held a reception for 100-member Chinese youth delegation arrived on seven-day visit to Pakistan. Earlier, the delegation led by youth wing of Chinese Communist Party Ms Luo Mei stayed in Karachi for five days. Minister for Hou
Published 28 Aug, 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 (August 27, 2008).

Published 28 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
Karachiites suffer another day of prolonged power outage

Karachiites suffer another day of prolonged power outage

Karachiities suffered another day of prolonged recurring power outage on Wednesday, owing to the worst countrywide electricity crisis persisting since many days. The shortfall of electricity rose upto 800 MW in the city. KANUPP and Bin Qasim Thermal Power
Published 28 Aug, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 27, 2008).

Published 28 Aug, 2008 12:00am
Directives to keep strict check on prices of food items in Ramazan

Directives to keep strict check on prices of food items in Ramazan

The government to keep strict check on the prices on the essential food and other items to arrest the upward trend in the price-hike and prevent profiteers. NWFP Chief Secretary Sahibzada Riaz Noor on Wednesday has directed the authorities concerned for t
Published 28 Aug, 2008 12:00am
CDA to plant 0.4 million sapling

CDA to plant 0.4 million sapling

During the current monsoon tree plantation campaign CDA is planting 0.4 million sapling, 0.3 million plants of indigenous spices like Chir, Kachnar, Amaltas, Phulahi in Margallah Hills and Simly Cathment Areas. About 0.1 million sapling environment friend
Published 28 Aug, 2008 12:00am
Indications of tough times

Indications of tough times

It is no secret that the Pakistan economy is under a lot of stress and appropriate responses are urgently needed to keep it on the right track. Finance Minister Naveed Qamar, worried by the rapidly deteriorating situation of the main economic indicators,
Published 28 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 28 Aug, 2008 12:00am
ROZs' issues

ROZs' issues

Both Islamabad and Washington have been long on the rhetoric and short on action with regard to the establishment of Reconstruction Opportunity Zones (ROZs) in Fata and adjacent areas of NWFP. Two years after the idea was first floated, US Congress has ye
Published 28 Aug, 2008 12:00am
The Weather

The Weather

The weather report on Wednesday (August 27, 2008) and the forecast for Thursday (August 28, 2008).

Published 28 Aug, 2008 12:00am
Is wedlock imminent between US war on terror and our economy?

Is wedlock imminent between US war on terror and our economy?

The fiscal 2007-08 witnessed historical current account deficit of $14 billion. This was mainly because of unprecedented trade deficit as the imports were almost double of our exports. The current account deficit was partly financed by the workers' remitt
Published 28 Aug, 2008 12:00am
As Americans fill trains, frustration grows

As Americans fill trains, frustration grows

Looking up at a list of delayed trains at Boston's crowded South Station on a summer afternoon, Peter Pesis asks why passenger trains in the United States are so slow, so crowded and so prone to delays. "This is not like Europe," sighed the 38-year-old Gr
Published 28 Aug, 2008 12:00am
Economic woes of Pakistan

Economic woes of Pakistan

It was in late 18th century, when Adam Smith, a Scotsman, wrote in his famous book titled "Inquiry into the nature and causes of the wealth of nations" that those nations are politically sovereign which are economically reign or economically strong. In Pa
Published 28 Aug, 2008 12:00am
Music for a change

Music for a change

I was listening to a song on FM radio by Shahzad Roy "Laga reh" about the corrupt state of affairs in the country. I must praise the singer for presenting such a true picture of society. Especially through the medium of music, which interacts with the you
Published 28 Aug, 2008 12:00am
ANP and MQM

ANP and MQM

The two smaller regional parties are passing through critical times for the principles they have been vowing strongly in the past. So far either they have been failing or taking weak positions on what they claim. ANP's Asfandyar Wali was heard saying on f
Published 28 Aug, 2008 12:00am
AJK to build motorway network soon

AJK to build motorway network soon

Azad Jammu Kashmir will soon have a grand highway-cum-motorway network, aimed at providing comfortable travelling facilities to the commuters and the AJK government has decided in principle to implement the plan under a phased programme, official sources
Published 28 Aug, 2008 12:00am
Pakistan takes up Aafia's health issue with US

Pakistan takes up Aafia's health issue with US

The Pakistani Embassy in Washington has conveyed its concern to the United States on the media reports about detained Pakistani neuroscientist Aafia Siddiqui's worsening health condition in the detention centre and provision of inadequate medical care.
Published 28 Aug, 2008 12:00am
ICAP honours Abdullah Yusuf

ICAP honours Abdullah Yusuf

The President and the Council of the Institute of Chartered Accountants of Pakistan (ICAP) hosted a dinner in honour Mohammad Abdullah Yusuf in recognition of his outstanding services to the country and the profession of accountants.
Published 28 Aug, 2008 12:00am
ADB releases rankings in 'Perceived Corruption'

ADB releases rankings in 'Perceived Corruption'

According to the rankings in 'Perceived Corruption 2007' in 'Government and Governance Review', released by Asian Development Bank, of the five most populous economies, the People's Republic of China and India have equal rank and are in the top half (leas
Published 28 Aug, 2008 12:00am
CPJ slams curbs on media in IoK

CPJ slams curbs on media in IoK

The New York based, Committee to Protect Journalists (CPJ) has condemned restrictions on media imposed by occupation authorities in occupied Kashmir. CPJ Asia Programme Co-ordinator Bob Dietz asked the authorities to protect journalists covering the prese
Published 28 Aug, 2008 12:00am
'Saeed-uz-Zaman most suitable for Presidentship'

'Saeed-uz-Zaman most suitable for Presidentship'

Central Secretary PML-N Overseas Sheikh Qaiser Mehmood has said that former Justice Saeed-uz-Zaman Siddiqui is the most suitable candidate for the office of President. In a statement here on Wednesday, he said: "former Justice Saeed-uz-Zaman Siddiqui by r
Published 28 Aug, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Yet another promise was broken. This time it was Raza Rubani, leader of the House in the Senate, who failed to bring up the law Minister to give a policy statement about the restoration of judges. The cost of broken promises by the Pakistan Peoples Party
Published 28 Aug, 2008 12:00am
Wheat sowing guidelines advised

Wheat sowing guidelines advised

Executive District Officer (EDO) Agriculture Khushab has suggested that wheat growers should contact agri experts to ensure high quality of the seeds and impressive wheat crop consequently. In a statement here on Wednesday, Chaudhry Khadim Hussain (EDO) s
Published 28 Aug, 2008 12:00am
NWFP Assembly passes two privilege motions

NWFP Assembly passes two privilege motions

The NWFP Assembly Wednesday referred two privilege motions to concerned committees tabled against the authorities of Frontier House in Islamabad and Erra (Earthquake Relief and Rehabilitation Authority). The motion against Frontier House authorities was t
Published 28 Aug, 2008 12:00am
Philippines shares little firmer

Philippines shares little firmer

Philippines share prices closed 0.3 percent higher on Wednesday due to bargain-hunting following the downturn in the previous session, dealers said. The composite index gained 9.05 points to 2,646.70 points. The all-share index rose 0.3 percent to 1,639.8
Published 28 Aug, 2008 12:00am
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