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Print - 2008-09-26
PTEA concerned about decline in textile exports

PTEA concerned about decline in textile exports

Chairman, Pakistan Textile Exporters Association (PTEA), Mian Tahir Ishaq Bharara has expressed concern over 5.78 percent decline in textile exports during August and demanded of the government to issue notification regarding R&D immediately to give suppo
Published 26 Sep, 2008 12:00am
Pakistan to host 10th ECO summit next year

Pakistan to host 10th ECO summit next year

Pakistan will host 10th ECO summit next year, Foreign Minister, Shah Mehmood Qureshi announced on Thursday in New York. Speaking at the informal meeting of ECO Council of Ministers held in New York on the sidelines of 63rd Session of UN General Assembly,
Published 26 Sep, 2008 12:00am
OIC Contact Group concerned about deteriorating situation in IHK

OIC Contact Group concerned about deteriorating situation in IHK

The ministerial level meeting of the OIC Contact Group on Jammu and Kashmir was held on the sidelines of the UN General Assembly here. Professor Dr Ekmeleddin Ihsanoglu, Secretary General OIC, who chaired the meeting on Wednesday reiterated in his opening
Published 26 Sep, 2008 12:00am
OAAM stages demonstration

OAAM stages demonstration

Outdoor Advertising Association Multan (OAAM) activists on Thursday staged a demonstration in front of Multan Press Club to press the City District Government for withdrawal of double taxation on the hoardings and publicity boards.
Published 26 Sep, 2008 12:00am
Drug inspector held

Drug inspector held

Chehalyak Police have arrested a drug inspector Fayyaz Rasul for destroying the challan of a drug agency (A-Zee) owned by Shaikh Muhammad Bilal after extorting bribe of Rs 0.5 million, abusing his powers. He was booked under section 23(1) (a) (i) and 27(1
Published 26 Sep, 2008 12:00am
Police inspector dismissed

Police inspector dismissed

Capital City Police Officer, Muhammad Pervez Rathore has dismissed Inspector Nasir Aslam with an immediate effect on the charge of absence and inefficiency. As per details, Inspector Nasir Aslam was granted 60 days ex-Pakistan leave to visit UK.
Published 26 Sep, 2008 12:00am
Stabbed Pakistani woman identified

Stabbed Pakistani woman identified

Police have identified a Pakistan origin woman stabbed to death in East London earlier in the week as Sehrish Waqar Sheikh, while her killer who sustained self inflicted injuries, remain under treatment in a local hospital. Police said the incident occurr
Published 26 Sep, 2008 12:00am
Multan put on red alert

Multan put on red alert

Security of Multan city was put on red alert on Thursday following intelligence reports about the entry of six suicide bombers into the Punjab. Police and law-enforcers warned high-profile personalities to restrict their movements to prevent bombing, and
Published 26 Sep, 2008 12:00am
Steps being taken to ensure full security in capital

Steps being taken to ensure full security in capital

Islamabad Capital Territory (ICT) administration has decided to check and verify the documents of heavy vehicles before allowing them entry into capital, while frequently coming vehicles will be issued special cards.
Published 26 Sep, 2008 12:00am
Azam Suleman takes over as Tevta secretary

Azam Suleman takes over as Tevta secretary

Major Azam Suleman Khan (Retd) of District Management Group (Grade 20) has assumed charge as Secretary, Technical Education and Vocational Training Authority (Tevta). He joined the Civil Services of Pakistan in 1991, and has vast experience of serving var
Published 26 Sep, 2008 12:00am
Marriott blast: two suspects held

Marriott blast: two suspects held

Intelligent agencies on Wednesday arrested two suspects in the Marriott Hotel bombing from Mureedwala in Toba Tek Singh district. The Islamabad police, along with intelligence agencies' officials, arrested the suspects from Adda Mureedwala, a town located
Published 26 Sep, 2008 12:00am
Taxi driver held in Marriott blast case

Taxi driver held in Marriott blast case

The Joint Investigation Team probing the deadly Marriott blast on Thursday arrested a taxi driver from the jurisdiction of Airport Police Station in Rawalpindi, who is alleged to have facilitated the planning and execution of the suicide attack, which kil
Published 26 Sep, 2008 12:00am
WHT on power bills criticised

WHT on power bills criticised

Mian Tahir Ishaq Bharara, Chairman Pakistan Textile Exporters Association (PTEA) has protested over adding withholding tax (WHT) in electricity bills in spite of their legal exemption. Talking to newsmen here on Wednesday, he said that textile exporters a
Published 26 Sep, 2008 12:00am
Lawyers observe complete strike

Lawyers observe complete strike

The lawyers in Multan and other parts of south Punjab observed a complete strike on Thursday to press the government for the reinstatement of Chief Justice Iftikhar Chaudhry and other judges of the Supreme Court and High Courts. Naveed Rana General Secret
Published 26 Sep, 2008 12:00am
Ordeal of Pakistani prisoners in Indian jails

Ordeal of Pakistani prisoners in Indian jails

A visit by the Joint Judicial Committee (JJC), to Amritsar Jail has revealed the disturbing fact that the tally of the prisoners held by the two countries doesn't match and there is a discrepancy of as many as twenty Pakistani prisoners in the respective
Published 26 Sep, 2008 12:00am
'Reconciliation to boost democracy'

'Reconciliation to boost democracy'

Secretary General International Affairs of Pakistan Muslim League-Nawaz (PML-N), Sheikh Kaiser Mehmood, has said that reconciliation among political parties will straighten democracy in the country. The PML-N leader said that politics of "mutual understan
Published 26 Sep, 2008 12:00am
HRCP expresses shock over firing on crowd

HRCP expresses shock over firing on crowd

Endorsing the need for using effective force to fight terrorism in NWFP, the Human Rights Commission of Pakistan (HRCP) has called upon the authorities to avoid aggravating the already unbearable plight of the civilian population.
Published 26 Sep, 2008 12:00am
Economic Freedom Report 2008: Pakistan ranks 104 out of 141 states

Economic Freedom Report 2008: Pakistan ranks 104 out of 141 states

Economic Freedom Report 2008 has ranked Hong Kong number one, followed by Singapore then New Zealand. Zimbabwe once again has the lowest level of economic freedom followed by Angola and Myanmar, according to the Economic Freedom of the World: 2008 Annual
Published 26 Sep, 2008 12:00am
PPP and PML-N likely to discuss power sharing formula after Eid

PPP and PML-N likely to discuss power sharing formula after Eid

The PPP and the PML (N) might maintain status quo in Punjab for the time being and they are likely to take the thorny issues related to power sharing formula in the central province after the upcoming Eid. This political wrangling could be resolved after
Published 26 Sep, 2008 12:00am
'Punjab government spending Rs 160 billion on social sector'

'Punjab government spending Rs 160 billion on social sector'

Punjab government is spending Rs 160 billion on development of various sectors, including Rs 58 billion on the social sector development. The Minister Population Welfare, Neelam Jabbar Chaudhry disclosed it, while talking to a delegation of private practi
Published 26 Sep, 2008 12:00am
DPO Gujarat ordered to hand over record to Advocate General

DPO Gujarat ordered to hand over record to Advocate General

The Lahore High Court (LHC) directed on Thursday to hand over the record, produced by DPO Gujarat, to Advocate General (AG), Punjab, in pursuance of further action when he (DPO) assured that no more PML-Q workers in Gujarat would be arrested till the fina
Published 26 Sep, 2008 12:00am
Pace of development projects reviewed

Pace of development projects reviewed

The Chief Minister of Punjab, Mian Muhammad Shahbaz Sharif, has said that a number of mega projects have been started in the province to provide better facilities to the masses forthwith. He said this, while addressing a high level meeting to review pace
Published 26 Sep, 2008 12:00am
Water inflow in four rivers falls to historic low of 97,000 cusecs

Water inflow in four rivers falls to historic low of 97,000 cusecs

The water inflow in the four rivers, Indus, Kabul, Jhelum and Chenab has fallen to historic low of 97,000 cusecs in the last week of September and coming Rabi crops face up to 40 per cent shortage of ground water availability for sowing and maturity.
Published 26 Sep, 2008 12:00am
Ban on polythene bags: LHC directs to legislate law within six months

Ban on polythene bags: LHC directs to legislate law within six months

The Lahore High Court has directed to legislate a law within six months to implement the ban on manufacturing, sale, marketing use and import of polythene bags. The court had banned the manufacturing and use of polythene bags on September 17 after accepti
Published 26 Sep, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (September 25, 2008) and the forecast for Friday (September 26, 2008).

Published 26 Sep, 2008 12:00am
Poultry meat price reaches Rs 252 per kg

Poultry meat price reaches Rs 252 per kg

Wholesalers on Thursday raised the price of chicken meat by Rs 18 per kg and live bird by Rs 10 per kg to a historic highs. They said that there is an acute shortage of some 15 million live birds between the supply and demand per day in the city.
Published 26 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 26 Sep, 2008 12:00am
Justice Sardar Raza takes oath as acting Chief Justice of Pakistan

Justice Sardar Raza takes oath as acting Chief Justice of Pakistan

Justice Sardar Muhammad Raza Khan Thursday took oath as Acting Chief Justice of Pakistan in absence of Chief Justice Abdul Hameed Dogar, who left for Saudi Arabia to perform Umrah. Justice Faqir Muhammad Khokhar administered oath to Justice Sardar Muhamma
Published 26 Sep, 2008 12:00am
Qureshi meets Russian and New Zealand foreign ministers

Qureshi meets Russian and New Zealand foreign ministers

Foreign Minster Makhdoom Shah Mahmood Qureshi on Thursday held meetings with Foreign Ministers of Russia and New Zealand on the sidelines of the 63rd UN General Assembly session in New York.
Published 26 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Zardari greets new Japanese Prime Minister

Zardari greets new Japanese Prime Minister

President Asif Ali Zardari congratulated Taro Aso on assuming the office of Prime Minister of Japan. In a message on Thursday, Zardari said, "It is a pleasure for me to extend to you my heartiest congratulations on your election as the Prime Minister of J
Published 26 Sep, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Terrorists have no religion, no faith: Gilani

Terrorists have no religion, no faith: Gilani

Prime Minister Syed Yousuf Raza Gilani has said that terrorists have no religion and faith stressing the need to fight this menace ensuring that this fight does not turn into a clash between West and Islam.
Published 26 Sep, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Zardari condemns Quetta blast

Zardari condemns Quetta blast

President Asif Ali Zardari on Thursday strongly condemned the suicide blast in Quetta and said such acts would not deter the government's resolve to fight terrorism and extremism. In a message, the President expressed grief over yesterday's attack at Fron
Published 26 Sep, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (September 25, 2008) and for Friday (September 26, 2008).
Published 26 Sep, 2008 12:00am
Eight militants killed as operation continue in Bajaur

Eight militants killed as operation continue in Bajaur

The Security Forces on Thursday continued offensive against Taliban fighters in the volatile Bajaur Agency and shelled their suspected hideouts with gun ship helicopters and artillery fire, killing at least eight militants and injuring 20 others, official
Published 26 Sep, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Centre for HGMM opens at SIUT

Centre for HGMM opens at SIUT

The centre for Human Genetics and Molecular Medicine (HGMM) has opened its door at SIUT, which will conduct researches on various diseases on the basis of genetic make up eg adult polycystic kidney disease. Another important aspect of these researches wil
Published 26 Sep, 2008 12:00am
Government seeks help of religious scholars to curb smoking

Government seeks help of religious scholars to curb smoking

The government needs support from all sectors of society, including religious scholars, to educate the public about the serious health hazards associated with tobacco use, said Shaheen Masood, Deputy Director, Federal Ministry of Health.
Published 26 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Memon for unanimous national policy to counter terrorism

Memon for unanimous national policy to counter terrorism

Chairman Senate Standing Committee on Defence Senator Nisar A Memon has said that Pakistan's sovereign territorial integrity is under attack and responsible members of the Senate and National Assembly need to join forces to protect it with one voice refle
Published 26 Sep, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Submarine Hamza being inducted in PN fleet today

Submarine Hamza being inducted in PN fleet today

Pakistan Navy is set to achieve another milestone in its distinguished history as indigenously constructed Agosta 90B Submarine Hamza - third in series is being inducted in its fleet on Friday. Chief staff officer commander Pakistan fleet Commodore Tehsee
Published 26 Sep, 2008 12:00am
July-August wheat import surges by 1,610 percent

July-August wheat import surges by 1,610 percent

Wheat import has surged by 1,610 percent during the first two months of the current fiscal year in the wake of its huge shortage in the local market due to smuggling and hoarding. Market sources said that the previous government's ineffective policies hav
Published 26 Sep, 2008 12:00am
Warid launches digital media portal

Warid launches digital media portal

Warid Telecom has launched in collaboration with AMES (Arvato Middle East Sales, a Bertelsmann Company), the biggest entertainment and digital media portal in Pakistan, which will be accessible to Warid customers through the phone and on the Web.WZone off
Published 26 Sep, 2008 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee failed to maintain rising trend against dollar on the currency market on Thursday, dealers said. In the interbank market the rupee lost 10 paisa in relation to the US currency for buying and selling at 78.25 and 78.30, they said. Strong buying b
Published 26 Sep, 2008 12:00am
Ijara Sukuk profit rate announced

Ijara Sukuk profit rate announced

The State Bank of Pakistan has announced first profit coupon rate of 3-year Government of Pakistan Ijara Sukuk (GIS-1), which would be 13.1376 percent on all accepted bids and would be paid on March 26, 2009. The central bank has accepted bids worth Rs 6.
Published 26 Sep, 2008 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee failed to maintain rising trend against dollar on the currency market on Thursday, dealers said. In the interbank market the rupee lost 10 paisa in relation to the US currency for buying and selling at 78.25 and 78.30, they said. Strong buying b
Published 26 Sep, 2008 12:00am
Ijara Sukuk profit rate announced

Ijara Sukuk profit rate announced

The State Bank of Pakistan has announced first profit coupon rate of 3-year Government of Pakistan Ijara Sukuk (GIS-1), which would be 13.1376 percent on all accepted bids and would be paid on March 26, 2009. The central bank has accepted bids worth Rs 6.
Published 26 Sep, 2008 12:00am
US lawmakers reach deal on massive financial bailout plan

US lawmakers reach deal on massive financial bailout plan

US lawmakers reached basic agreement on a massive financial bailout plan, lifting world stock markets, sending the dollar up and breathing life into troubled money markets. The breakthrough on a $700 billion rescue plan was sealed ahead of a 4 pm (2000 GM
Published 26 Sep, 2008 12:00am
US lawmakers reach deal on massive financial bailout plan

US lawmakers reach deal on massive financial bailout plan

US lawmakers reached basic agreement on a massive financial bailout plan, lifting world stock markets, sending the dollar up and breathing life into troubled money markets. The breakthrough on a $700 billion rescue plan was sealed ahead of a 4 pm (2000 GM
Published 26 Sep, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
US lawmakers reach deal on massive financial bailout plan

US lawmakers reach deal on massive financial bailout plan

US lawmakers reached basic agreement on a massive financial bailout plan, lifting world stock markets, sending the dollar up and breathing life into troubled money markets. The breakthrough on a $700 billion rescue plan was sealed ahead of a 4 pm (2000 GM
Published 26 Sep, 2008 12:00am
Pakistan signs disability rights pact

Pakistan signs disability rights pact

Pakistan on Thursday signed an international convention, which is designed to protect the rights of the estimated 650 million people world-wide who have disabilities. Foreign Minister Shah Mahmood Qureshi put his signatures on the Convention on the Rights
Published 26 Sep, 2008 12:00am
Pakistan signs disability rights pact

Pakistan signs disability rights pact

Pakistan on Thursday signed an international convention, which is designed to protect the rights of the estimated 650 million people world-wide who have disabilities. Foreign Minister Shah Mahmood Qureshi put his signatures on the Convention on the Rights
Published 26 Sep, 2008 12:00am
New tax policy for retailers likely

New tax policy for retailers likely

The Federal Board of Revenue (FBR) is likely to change taxation policy for retailers to broaden the tax base and improve revenue collection from this major non-compliant sector during 2008-2009. It is learnt on Thursday that the board is seriously conside
Published 26 Sep, 2008 12:00am
New tax policy for retailers likely

New tax policy for retailers likely

The Federal Board of Revenue (FBR) is likely to change taxation policy for retailers to broaden the tax base and improve revenue collection from this major non-compliant sector during 2008-2009. It is learnt on Thursday that the board is seriously conside
Published 26 Sep, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Sep, 2008 12:00am
New tax policy for retailers likely

New tax policy for retailers likely

The Federal Board of Revenue (FBR) is likely to change taxation policy for retailers to broaden the tax base and improve revenue collection from this major non-compliant sector during 2008-2009. It is learnt on Thursday that the board is seriously conside
Published 26 Sep, 2008 12:00am
Board meetings in progress

Board meetings in progress

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

Published 26 Sep, 2008 12:00am
Pakistan faces 'existential threat': Petraeus

Pakistan faces 'existential threat': Petraeus

Extremist forces threaten the very existence of Pakistan, the incoming US commander in the region warned Thursday, as tension mounted between Nato and Pakistani forces on the Afghan frontier. General David Petraeus, who will take charge of US forces in so
Published 26 Sep, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Sep, 2008 12:00am
Pakistan faces 'existential threat': Petraeus

Pakistan faces 'existential threat': Petraeus

Extremist forces threaten the very existence of Pakistan, the incoming US commander in the region warned Thursday, as tension mounted between Nato and Pakistani forces on the Afghan frontier. General David Petraeus, who will take charge of US forces in so
Published 26 Sep, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Sep, 2008 12:00am
Pakistan''s foreign exchange reserves fall to $8.82 billion

Pakistan''s foreign exchange reserves fall to $8.82 billion

The country''s foreign exchange reserves fell $90 million to $8.82 billion in the week that ended on September 20, from $8.91 the previous week, the central bank said on Thursday. The State Bank of Pakistan said its own reserves fell to $5.41 billion from
Published 26 Sep, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (September 25, 2008).

Published 26 Sep, 2008 12:00am
Pakistan's foreign exchange reserves fall to $8.82 billion

Pakistan's foreign exchange reserves fall to $8.82 billion

The country's foreign exchange reserves fell $90 million to $8.82 billion in the week that ended on September 20, from $8.91 the previous week, the central bank said on Thursday. The State Bank of Pakistan said its own reserves fell to $5.41 billion from
Published 26 Sep, 2008 12:00am
Pakistan's foreign exchange reserves fall to $8.82 billion

Pakistan's foreign exchange reserves fall to $8.82 billion

The country's foreign exchange reserves fell $90 million to $8.82 billion in the week that ended on September 20, from $8.91 the previous week, the central bank said on Thursday. The State Bank of Pakistan said its own reserves fell to $5.41 billion from
Published 26 Sep, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Sep, 2008 12:00am
Nato says fired on from Pakistani checkpoint

Nato says fired on from Pakistani checkpoint

The Nato-led International Security Assistance Force (ISAF) in Afghanistan said its helicopters were fired on from a Pakistani military checkpoint along the border on Thursday. There were no reports of any damage to the helicopters or any casualties, it s
Published 26 Sep, 2008 12:00am
Nato says fired on from Pakistani checkpoint

Nato says fired on from Pakistani checkpoint

The Nato-led International Security Assistance Force (ISAF) in Afghanistan said its helicopters were fired on from a Pakistani military checkpoint along the border on Thursday. There were no reports of any damage to the helicopters or any casualties, it s
Published 26 Sep, 2008 12:00am
Panic grips Islamabad airport after hoax call

Panic grips Islamabad airport after hoax call

Panic gripped Islamabad International Airport (IIA) here on Thursday when a hoax call was received at the PIA head office in Karachi, threatening that suicide bombers have entered the airport and may detonate an explosive device any time.
Published 26 Sep, 2008 12:00am
Russia grants Venezuela billion dollars to buy arms

Russia grants Venezuela billion dollars to buy arms

Russia has granted a one-billion dollar (682-million euro) loan to Venezuela to buy Russian arms, the Kremlin said in a statement on Thursday, ahead of a visit by Venezuelan President Hugo Chavez. "Russia has taken the decision to grant Venezuela a credit
Published 26 Sep, 2008 12:00am
China's third manned space mission blasts off

China's third manned space mission blasts off

China's third manned space mission blasted off from a remote desert site on Thursday on a trip expected to include the technologically ambitious nation's first space walk. The Shenzhou VII shot up into an inky black sky at the Jiuquan launch centre in the
Published 26 Sep, 2008 12:00am
AJK chamber hails cross LoC trade

AJK chamber hails cross LoC trade

President, Azad Jammu and Kashmir Chamber of Commerce and Industry, Zulfiqar Abbasi has welcomed historic decision reached between India and Pakistan of starting cross Line of Control Trade between Azad Jammu and Kashmir and Indian held Jammu and Kashmir.
Published 26 Sep, 2008 12:00am
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