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Print - 2008-09-09
NBP board meeting on September 12

NBP board meeting on September 12

National Bank of Pakistan (NBP) has announced holding an emergent board meeting on September 12, 2008 to review a proposal to buy back the company's shares. This was stated in a KSE notice issued here on Monday. The share buy back process in Pakistan is g
Published 09 Sep, 2008 12:00am
PGJDC to participate in 42nd Bangkok show

PGJDC to participate in 42nd Bangkok show

The Pakistan Gems and Jewellery Development Company (PGJDC) is participating in the 42nd Bangkok Gems and Jewellery Fair to be held in Thailand from September 11 to 15, said a press release issued on Monday. Pakistan is taking part in the exhibition for t
Published 09 Sep, 2008 12:00am
Jakhura elected MPF president

Jakhura elected MPF president

Muhammad Hanif Jakhura has been elected unopposed as president of Memon Professional Forum (MPF) for the year 2008-09. According to announcement here on Monday, Jakhura is also the CEO of Central Depository Company of Pakistan (CDC) since March 2002.
Published 09 Sep, 2008 12:00am
Jakhura elected MPF president

Jakhura elected MPF president

Muhammad Hanif Jakhura has been elected unopposed as president of Memon Professional Forum (MPF) for the year 2008-09. According to announcement here on Monday, Jakhura is also the CEO of Central Depository Company of Pakistan (CDC) since March 2002.
Published 09 Sep, 2008 12:00am
JCR assigns A rating to EHL Sukuk

JCR assigns A rating to EHL Sukuk

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned a 'preliminary' medium to long term rating of A (Single A) to the proposed Sukuk of Rs three billion (Rs two billion with additional green shoe option of Rs one billion) of Eden Housing Limited (EHL
Published 09 Sep, 2008 12:00am
JCR assigns A rating to EHL Sukuk

JCR assigns A rating to EHL Sukuk

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has assigned a 'preliminary' medium to long term rating of A (Single A) to the proposed Sukuk of Rs three billion (Rs two billion with additional green shoe option of Rs one billion) of Eden Housing Limited (EHL
Published 09 Sep, 2008 12:00am
Abad chairman grieved

Abad chairman grieved

Sabor Kawar, nephew of Babar Mirza Chugtai, Chairman, Abad, was killed in a road accident on Sunday. A large number of people belonging to every walk attended the funeral prayer of the deceased. They condoled the death with Kawar Nadeem, father of the dec
Published 09 Sep, 2008 12:00am
World Bank team to visit Karachi RTO, LTU on September 15

World Bank team to visit Karachi RTO, LTU on September 15

The World Bank delegates, who arrived on an official tour in Islamabad on Monday, will also visit Karachi Regional Tax Office (RTO) and Large Taxpayers Unit (LTU) to discuss several tax related issues for the betterment of the taxation mechanism. Official
Published 09 Sep, 2008 12:00am
ITP recovers Rs 0.93 million fine from traffic violators

ITP recovers Rs 0.93 million fine from traffic violators

Islamabad Traffic Police (ITP) has collected Rs 0.93 million as fine imposed on traffic violators during the first week of September, issuing 3,123 tickets for not using seat belts, using mobile phones while driving etc.
Published 09 Sep, 2008 12:00am
JAG showcases Arif's calligraphic work

JAG showcases Arif's calligraphic work

Jharoka Art Gallery (JAG) has showcased an exquisite collection of calligraphic art by Arif Khan reflecting true Islamic spirit. The artist has a unique distinction of writing the Quranic verses on leather by giving numerical shapes and geometrical motifs
Published 09 Sep, 2008 12:00am
Minister for eradicating drug menace from society

Minister for eradicating drug menace from society

The Sindh Minister for Excise and Taxation (E&T) Mukesh Kumar Chawla has said that the drug sellers have no conscience and they are the enemy of humanity. He said that the drug mafia is destroying new generation by making them addicts. He expressed these
Published 09 Sep, 2008 12:00am
Minister felicitates Zardari

Minister felicitates Zardari

Sindh Minister for Livestock Abdul Haq alias Dost Muhammad Bhurt felicitated to the people of Pakistan on the victory of Asif Ali Zardari as the President of Pakistan and he said that it is the victory of democracy. In a statement issued by the Livestock
Published 09 Sep, 2008 12:00am
Hiring of ASD tug: PQA sets aside Board decision

Hiring of ASD tug: PQA sets aside Board decision

The Port Qasim Authority (PQA) is all set to overrule the recommendations of its Board by hiring the long-awaited ASD tug, through an executive order of the chairman, instead of negotiated tendering.
Published 09 Sep, 2008 12:00am
Rescue 1122 to train QIE staff

Rescue 1122 to train QIE staff

Punjab Rescue Service 1122 will impart training to Quaid-e-Azam Industrial Estate fire-fighters besides giving special emergency facilities to the industrialists of the area. Director General Punjab Rescue Service 1122, Dr Rizwan stated this while talking
Published 09 Sep, 2008 12:00am
Kashmiris be given right to decide their future: Inqalabi

Kashmiris be given right to decide their future: Inqalabi

In occupied Kashmir, Mohammad Azam Inqalabi, the Patron of Jammu and Kashmir Mahaz-e-Azadi, a component of the All Parties Hurriyet Conference (APHC), has said that a meaningful tripartite dialogue is one of the best possible ways to bring about an amicab
Published 09 Sep, 2008 12:00am
ICCI for establishing export-oriented industries

ICCI for establishing export-oriented industries

Increase in foreign direct investment (FDI) by 76.1 percent during July 2008 over the same month of last year indicates that incentives provided by the government are attracting investors, but widening balance of payment gap calls for establishing export-
Published 09 Sep, 2008 12:00am
Recommendations on NWFP limestone policy finalised

Recommendations on NWFP limestone policy finalised

The Advisory Committee for Minerals Development has finalised recommendations for NWFP Lime Stone Policy 2008-09. The recommendations were finalised in the meeting of the committee held at the provincial office of Small & Medium Enterprise Development Aut
Published 09 Sep, 2008 12:00am
Eid-ul-Fitr likely on October 2

Eid-ul-Fitr likely on October 2

Eid-ul-Fitr is expected on October 2nd (Thursday), the met office said here on Monday. "The current astronomical considerations suggest that there is hardly any chance of sighting the new moon of Shawwal on September 30th, 2008, as such holy month of Rama
Published 09 Sep, 2008 12:00am
Sarhad Chamber greets Zardari

Sarhad Chamber greets Zardari

Sarhad Chamber of Commerce and Industry (SCCI) President Haji Mohammad Asaf has congratulated Asif Ali Zardari for his election as President of Pakistan with overwhelming majority. In a press statement issued here on Monday, the Sarhad Chamber chief hoped
Published 09 Sep, 2008 12:00am
The Weather

The Weather

The weather report on Monday (September 08, 2008) and the forecast for Tuesday (September 09, 2008).

Published 09 Sep, 2008 12:00am
Zardari urged to control trade deficit

Zardari urged to control trade deficit

The Pakistan Industrial and Traders Association Front (Piaf) has congratulated newly elected President Asif Ali Zardari and urged him to take well-calculated measures to solve the economic challenges being faced by the country.
Published 09 Sep, 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 09 Sep, 2008 12:00am
GCU holds fund raising iftar dinner

GCU holds fund raising iftar dinner

With the aim to generate funds to help deserving students of university and carry out development projects of Government College University (GCU), the Endowment Fund Trust (EFT) of the GCU, Lahore, arranged a fund raising Iftar dinner on the university ca
Published 09 Sep, 2008 12:00am
55.5 million illiterates in country: NEF

55.5 million illiterates in country: NEF

National Education Foundation (NEF) Sindh organised a walk at Seaview Apartments on Monday morning to celebrate "International Literacy Day". The literacy rate at present is 54 percent, while for females it is 42 percent. There are wide variations in rura
Published 09 Sep, 2008 12:00am
Five students selected for Oracle's graduate programme

Five students selected for Oracle's graduate programme

Oracle has selected five students to its Asia Pacific Graduate Development Program. The five graduate trainees from Pakistan were short-listed from among 250 applicants after a series of interviews and other selection activities designed to evaluate their
Published 09 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
NCHD special committee meeting held

NCHD special committee meeting held

A meeting of the Special Committee on National Commission for Human Development (NCHD) was held on Monday with Faryal Talpur, MNA in the chair at Planning Commission. The Special Committee reviewed the programmes of the NCHD and it was agreed that the pro
Published 09 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Speakers for holistic approach to promote literacy

Speakers for holistic approach to promote literacy

Speakers at a ceremony held to mark International Literacy Day here on Monday called for making holistic approach to promote literacy in the country. The ceremony titled "Enrolment Campaign for Out of School Children", held by Ministry of Education in col
Published 09 Sep, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
LHC directs DPO to take action against SHO

LHC directs DPO to take action against SHO

The Lahore High Court (LHC) Justice Muhammad Ahsan Bhoon on Monday directed District Police Officer (DPO), Sargodha, to register a case against SHO Mela for exonerating an accused from the criminal charges despite the fact they were held guilty in the fir
Published 09 Sep, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (September 08, 2008) and for Tuesday (September 09, 2008).
Published 09 Sep, 2008 12:00am
220,617 cusecs water released from reservoirs

220,617 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Monday discharged 220,617 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs recorded on same day was 168,365 cusecs.
Published 09 Sep, 2008 12:00am
DGPR given additional duty

DGPR given additional duty

Director General Public Relations (DGPR) Punjab, Mohiy-ud-Din Ahmad Wani has been given additional responsibility of Secretary Information Punjab in the absence Orya Maqbool Jan, Secretary Information, Culture and Youth Affairs Punjab.
Published 09 Sep, 2008 12:00am
Zardari a controversial figure: Jamat-e-Islami

Zardari a controversial figure: Jamat-e-Islami

Jamat-e-Islami Naib Ameer Liaquat Baloch has said that the Pakistan People's Party Co-chairman has been elected as President of Pakistan but he is a controversial figure both in national and international level. He said that he has to prove himself uncont
Published 09 Sep, 2008 12:00am
LHC sends teenage girl to Darul Amaan

LHC sends teenage girl to Darul Amaan

The Lahore High Court on Monday refused custody of a teenage girl to her maternal grandmother and sent her to Darul Amaan. The judge sent the girl to Darul Amaan as she submitted that she wanted to live in Darul Amaan. The judge also directed the Darul Am
Published 09 Sep, 2008 12:00am
Asma Nawab case hearing commences

Asma Nawab case hearing commences

After a prolonged delay, hearing of appeals in triple murder case commonly known as Asma Nawab murder case commenced before an Anti Terrorism Appellate (ATA) bench of High Court of Sindh (SHC) here on Monday. Waqar Shah advocate, counsel for appellant/ co
Published 09 Sep, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
IHC rejects plea against Zardari

IHC rejects plea against Zardari

The Islamabad High Court (IHC) here on Monday rejected a writ petition challenging PPP Co-chairman Asif Ali Zardari's election to the office of President. The single bench of Chief Justice Sardar Mohammad Aslam rejected the petition filed by Dr Mohammad Y
Published 09 Sep, 2008 12:00am
Fair transition from dictatorship to democracy hailed

Fair transition from dictatorship to democracy hailed

The people hope that the newly elected President Asif Ali Zardari would take care of sky rocketing prices and growing terrorism incidents in the country and he would take measures to provide relief to the masses. People from various walks of life and soci
Published 09 Sep, 2008 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Transporters concerned over hike in petroleum prices

Transporters concerned over hike in petroleum prices

President Transport Action Committee and Transporters Association, Tariq Khan Niazi has expressed concern over the hike in petroleum prices and called upon the political parties to play their role to bring the prices down.
Published 09 Sep, 2008 12:00am
Citizens concerned over high prices of edibles

Citizens concerned over high prices of edibles

Citizens here have expressed concern over the price hike during the holy month of Ramazan in district Khanewal. Citizens- Malik Umar, Muhammad Zakariya, Shiekh Latif and Mian Akram demanded that District Administration must take notice of self-raised pric
Published 09 Sep, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Approval of criminal procedure code a major step: experts

Approval of criminal procedure code a major step: experts

The law experts of Multan have termed the approval of Criminal Procedure Code (Amendment Bill 2008) a major step aimed at bringing a solace to many prisoners awarded capital punishment by the sessions courts.
Published 09 Sep, 2008 12:00am
Khushhali Bank Limited rebrands website

Khushhali Bank Limited rebrands website

The Khushhali Bank Limited (KBL) has re-branded its website with the objective to improve information dissemination and communications across various stakeholders. The website offers great navigation through products and services, special projects, succes
Published 09 Sep, 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 (September 08, 2008).

Published 09 Sep, 2008 12:00am
AJK Council budget presented

AJK Council budget presented

Minister Incharge for Kashmir Affairs, Qamar Zaman Kaira on Monday presented the budget (2008-09) of AJK Council with total revenue receipts target of Rs 5678.312 million including Rs 3500 million from Income Tax. The budget presented during first sitting
Published 09 Sep, 2008 12:00am
AJK Council budget presented

AJK Council budget presented

Minister Incharge for Kashmir Affairs, Qamar Zaman Kaira on Monday presented the budget (2008-09) of AJK Council with total revenue receipts target of Rs 5678.312 million including Rs 3500 million from Income Tax. The budget presented during first sitting
Published 09 Sep, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Four million tons of rice to be exported

Four million tons of rice to be exported

Rice Exporters Association (REA) Chairman, Muhammad Azhar has said that Pakistan due to good harvesting of rice will export its 21 percent surplus output in the existing fiscal year. He further said that rice worth $250 million has already been exported d
Published 09 Sep, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
PPP MNAs hopeful of economic, political stability

PPP MNAs hopeful of economic, political stability

Asif Ali Zardari's presidency will usher in an era of economic stability and prosperity, said several members of the National Assembly belonging to the PPP on Monday. The Parliamentarians included Abdul Qayyum Jatoi, Moazzam Ali Jatoi, Jamshed Ahmed Dasti
Published 09 Sep, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Transition to democracy completed: Jehangir

Transition to democracy completed: Jehangir

PPP Secretary Jehangir Badr said that PPP would prioritise the welfare of masses as transition of democracy in the country has completed after Asif Ali Zardari's election as President. Talking to a private news channel, he said: "The real power behind the
Published 09 Sep, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Complete shutdown in occupied Kashmir

Complete shutdown in occupied Kashmir

In occupied Kashmir, complete strike was observed on Monday in protest against India's another plan of holding the so-called assembly elections, killing of an innocent youth in Nowhatta area of Srinagar, and shifting of illegally detained Hurriyat leaders
Published 09 Sep, 2008 12:00am
Businessmen getting inflated electricity bills

Businessmen getting inflated electricity bills

Majority of businessmen, especially the shopkeepers of Multan, Bahawalpur, Rahimyar Khan, Vehari and Dera Ghazi Khan have received electricity bills of double amount in the month of September as compared to the amount of bills received in August.
Published 09 Sep, 2008 12:00am
Supreme Court takes up Sharifs' disqualification case today

Supreme Court takes up Sharifs' disqualification case today

The Supreme Court will take up the case regarding disqualification of former Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif on Tuesday (today). A three-member bench of the Supreme Court comprising Justice Moosa K. Leghari, Justice Za
Published 09 Sep, 2008 12:00am
Efforts on for safe recovery of kidnapped Chinese: Malik

Efforts on for safe recovery of kidnapped Chinese: Malik

Advisor to Prime Minister on Interior Rehman Malik has assured the Chinese Ambassador Luo Zhaohui that Pakistan Government would not leave any stone unturned to recover the kidnapped Chinese nationals. He was talking to Chinese envoy, who called on him he
Published 09 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
Government will spare no effort to facilitate its employees: Hoti

Government will spare no effort to facilitate its employees: Hoti

NWFP chief minister Ameer Haider Khan Hoti has said that the government employees were the backbone for running the affairs of government machinery, saying his government will spare no effort in providing them their rights and facilities.
Published 09 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
PML-N conveys strong reservations on Taseer's statements

PML-N conveys strong reservations on Taseer's statements

The PML-N has conveyed its strong reservations on the statements of governor Punjab Salman Taseer against the provincial government and the party leadership, informed sources told Business Recorder on Monday. They said that PML-N also suggested to
Published 09 Sep, 2008 12:00am
Air Chief Marshall inaugurates Pafwa

Air Chief Marshall inaugurates Pafwa

Air Chief Marshall Tanvir Mahmud has said PAF on its own could not take any decision against anybody, instead PAF at the back of the government and do not delay to retaliate against any attacks like aerial raids of Nato forces in the northern areas.
Published 09 Sep, 2008 12:00am
Javed Hashmi loses for second time

Javed Hashmi loses for second time

Javed Hashmi, senior vice president of PML-N, is facing strong opposition in his own party which strongly reacted when Nawaz Sharif appointed him acting chief of his Muslim League in his absence. This lobby managed to get his name dropped from the preside
Published 09 Sep, 2008 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

The interbank market opened on bearish note on Monday as the rupee fell by 10 paisa against the dollar for buying at 76.45 and it also lost 15 paisa for selling at 76.55, dealers said. There was higher demand for dollars as importers rushed to buy the sam
Published 09 Sep, 2008 12:00am
PML-N names Nisar as leader of opposition in National Assembly

PML-N names Nisar as leader of opposition in National Assembly

Pakistan Muslim League (N) has nominated its Parliamentary Leader Chaudhry Nisar Ali Khan as leader of the opposition in the National Assembly and formally filed an application with the Speaker National Assembly seeking the official notification.
Published 09 Sep, 2008 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

The interbank market opened on bearish note on Monday as the rupee fell by 10 paisa against the dollar for buying at 76.45 and it also lost 15 paisa for selling at 76.55, dealers said. There was higher demand for dollars as importers rushed to buy the sam
Published 09 Sep, 2008 12:00am
India completes strategic Afghan road

India completes strategic Afghan road

India has completed construction of a strategic road linking landlocked Afghanistan with a port in Iran, India''s envoy said, reflecting New Delhi''s resolve to remain engaged despite a deadly embassy bombing in July. The 220-km (135-mile) road in the sou
Published 09 Sep, 2008 12:00am
India completes strategic Afghan road

India completes strategic Afghan road

India has completed construction of a strategic road linking landlocked Afghanistan with a port in Iran, India's envoy said, reflecting New Delhi's resolve to remain engaged despite a deadly embassy bombing in July. The 220-km (135-mile) road in the south
Published 09 Sep, 2008 12:00am
India completes strategic Afghan road

India completes strategic Afghan road

India has completed construction of a strategic road linking landlocked Afghanistan with a port in Iran, India's envoy said, reflecting New Delhi's resolve to remain engaged despite a deadly embassy bombing in July. The 220-km (135-mile) road in the south
Published 09 Sep, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (September 08, 2008).

Published 09 Sep, 2008 12:00am
LCCI urges Zardari to help resolve economic woes

LCCI urges Zardari to help resolve economic woes

President-elect Asif Ali Zardari has emerged as most powerful man in the country and thus he should take immediate steps to bring the country out of the economic crisis. The Lahore Chamber of Commerce and Industry (LCCI) President Muhammad Ali Mian said t
Published 09 Sep, 2008 12:00am
LCCI urges Zardari to help resolve economic woes

LCCI urges Zardari to help resolve economic woes

President-elect Asif Ali Zardari has emerged as most powerful man in the country and thus he should take immediate steps to bring the country out of the economic crisis. The Lahore Chamber of Commerce and Industry (LCCI) President Muhammad Ali Mian said t
Published 09 Sep, 2008 12:00am
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