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Print - 2008-10-14
The Weather

The Weather

The weather report on Monday (October 13, 2008) and the forecast for Tuesday (October 14, 2008).

Published 14 Oct, 2008 12:00am
Data reveals 328 women fell victim to violence

Data reveals 328 women fell victim to violence

A report of Aurat Foundation has revealed that in the first quarter (January-March 2008) of the year about 328 cases of violence against women were reported out of which 80 women were murdered, 65 were injured as a result of heinous custom of Karo-Kari.
Published 14 Oct, 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 14 Oct, 2008 12:00am
Lieutenant General Shahid Iqbal takes over as new Corps Commander

Lieutenant General Shahid Iqbal takes over as new Corps Commander

A simple but impressive "change of Command" ceremony was held at Corps Headquarters, Karachi, on Monday. A press release, issued by the Inter-Services Public Relations (ISPR) here, said that the outgoing Corps Commander, Lieutenant General Ahsan Azhar Hay
Published 14 Oct, 2008 12:00am
BSF delegation arrives for talks

BSF delegation arrives for talks

An 18-member delegation of BSF, India led by Additional Director General BSF Utthan Kumar Bansal arrived here on Monday through JCP Wagah to attend the biannual meeting between Pakistan Rangers and BSF. Director General Pakistan Ranger (Punjab) Major Gene
Published 14 Oct, 2008 12:00am
Ulema board to meet on October 15

Ulema board to meet on October 15

The inaugural meeting of Muttehidda Ulema Board Punjab will be held here on October 15 under the chairmanship of MNA Sahibzada Haji Fazal Karim. The meeting will be attended by Punjab Secretaries Religious affairs, Law, IG police, DG Auqaf, besides severa
Published 14 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Musharraf be questioned about his policy: Hashmi

Musharraf be questioned about his policy: Hashmi

PML-N Senior Vice President Makhdoom Javed Hashmi, while endorsing the statement of Mian Nawaz Sharif, has said there is a lot of explanations needed to be sought from former president Pervez Musharraf regarding government's policy on the so-called "war o
Published 14 Oct, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Strategy needed to deal with economic crisis: Sartaj Aziz

Strategy needed to deal with economic crisis: Sartaj Aziz

PML-N leader and former finance minister Sartaj Aziz has said that the government will need an overall strategy and vision to overcome the current economic crisis. In his interview with a private TV channel on Monday he said that the county is facing shor
Published 14 Oct, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Tariq for comprehensive briefing to parliamentarians on national issues

Tariq for comprehensive briefing to parliamentarians on national issues

Pakistan Muslim League (N) MNA, Dr Tariq Fazal Chaudhry appreciated the government's decision to hold another round of comprehensive briefing for the parliamentarians by a representative of government. Talking to TV, he said his party has some good ideas
Published 14 Oct, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (October 13, 2008) and for Tuesday (October 14, 2008).
Published 14 Oct, 2008 12:00am
In-camera briefing termed eyewash by opposition parties

In-camera briefing termed eyewash by opposition parties

The military briefing to the joint session of the parliament proves to be an eyewash through which the present government wants the opposition parties to join hands with the regime to own a war without changing Musharraf's policy.
Published 14 Oct, 2008 12:00am
Free dialysis facility demanded

Free dialysis facility demanded

President Al-Ayub Welfare Trust (AWT) District Kotli, Shaukat Saleem while lauding the services of Chief Minister Punjab Mian Shahbaz Sharif for the provision of dialyses facilities to kidney patients has also demanded that free dialyses service should al
Published 14 Oct, 2008 12:00am
16 million children to be vaccinated against polio

16 million children to be vaccinated against polio

Director General Health, Punjab Dr Muhammad Aslam Chaudhry on Monday said that 16 million children up to the age of five years would be vaccinated against polio in the province. He said this while inaugurating the three-day, anti-polio campaign here at Ch
Published 14 Oct, 2008 12:00am
PIC launches scheme to provide free medicine

PIC launches scheme to provide free medicine

Punjab Institute of Cardiology (PIC) has launched a new scheme to provide free of cost medicines to its indoor patients of Irfan Block, Jillani Block, cardiac surgery and general wards including emergency patients.
Published 14 Oct, 2008 12:00am
Minister to inaugurate PDC at DUHS today

Minister to inaugurate PDC at DUHS today

Sindh Health Minister, Dr Sagheer Ahmed will inaugurate Professional Development Center (PDC) at Dow University of Health Sciences (DUHS) on Tuesday. After this expansion, the institute will be able to help more health care students and professionals by u
Published 14 Oct, 2008 12:00am
Farmers face crisis as millers unable to buy cotton due to credit crunch

Farmers face crisis as millers unable to buy cotton due to credit crunch

Cotton farmers of Multan, Dera Ghazi Khan and Bahawalpur divisions are facing crisis like situation at the harvesting stage, as on one hand the cotton prices have slumped internationally due to the global financial meltdown, while on the other textile ind
Published 14 Oct, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
136 HEC-JICA scholarships awarded

136 HEC-JICA scholarships awarded

One hundred and thirty six scholarships have been conferred to the needy students of public sector universities under the scheme "HEC-JICA need-based Scholarships" bringing the total number of these scholarships to 1150.
Published 14 Oct, 2008 12:00am
Peace agreement signed in Kurram Agency

Peace agreement signed in Kurram Agency

The grand Jirga of tribesmen mulling over to restore peace in the restive Kurram Agency on Monday reached a peace agreement and asked the agency's political administration to send contingents of the Frontier Corps (FC) to the area to implement the cease-f
Published 14 Oct, 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 (October 13, 2008).

Published 14 Oct, 2008 12:00am
Seminar on pharmaceutical industry begins today

Seminar on pharmaceutical industry begins today

An international seminar-2008 is being held on 14th to 16th October, 2008 at Karachi Expo Centre by Pakistan Pharmacists Association (PPA) under the theme of: "Current Challenges for Pharmaceutical Industry and Future Prospects of Growth and Export"
Published 14 Oct, 2008 12:00am
FBR approves audit of corporate and non-corporate tax returns

FBR approves audit of corporate and non-corporate tax returns

The Federal Board of Revenue (FBR) has approved audit of corporate and non-corporate cases under section 177 of the Income Tax Ordinance 2001. Sources told Business Recorder on Monday that the board has decided to constitute a committee for finalis
Published 14 Oct, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Zong extends network coverage to Pasni

Zong extends network coverage to Pasni

Zong the first international brand of China Mobile the world largest mobile phone service provider, is continuing to expand on its coverage and customer base. The most recent expansion laid by Zong is its service in Pasni, which exists on the coastal high
Published 14 Oct, 2008 12:00am
Warid Telecom appoints Tariq Gulzar as chief financial officer

Warid Telecom appoints Tariq Gulzar as chief financial officer

The Board of Directors and Management of Warid Telecom have appointed Tariq Gulzar as Chief Financial Officer (CFO) of Warid Telecom Pakistan. An announcement to this effect was made in a statement issued here on Monday.
Published 14 Oct, 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 (October 13, 2008).

Published 14 Oct, 2008 12:00am
Dolmen projects: PTCL and ICPL sign Contract

Dolmen projects: PTCL and ICPL sign Contract

A commercial contract was signed between International Complex Projects Limited (ICPL) and Pakistan Telecommunication Company (PTCL) to provide state of the art telecommunication services for their Dolmen City Complex buildings.
Published 14 Oct, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Sindh and Balochistan seek ADB grant for Redsip feasibility studies

Sindh and Balochistan seek ADB grant for Redsip feasibility studies

Sindh and Balochistan provinces, which lack technical expertise to identify raw sites for Renewable Energy Development Sector Investment Program (Redsip), have asked Asian Development Bank (ADB) for a technical assistance grant to prepare feasibility stud
Published 14 Oct, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Pakistan passing through a critical phase: Shahbaz

Pakistan passing through a critical phase: Shahbaz

Punjab Chief Minister Mian Muhammad Shahbaz Sharif has said that Pakistan is passing through a critical phase and is beset with serious challenges. However, he said, only those nations can survive which face challenges and threats with courage and steadfa
Published 14 Oct, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Environment Asia-2008 begins today

Environment Asia-2008 begins today

The two-day mega event "Environment Asia-2008," comprising an international conference and exhibition, will begin on Tuesday (October 14) at the University of Engineering and Technology Lahore. A newsmagazine has organised the event in collaboration with
Published 14 Oct, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Cabinet coordination body formed to cope with power crisis

Cabinet coordination body formed to cope with power crisis

Federal Minister for Water and Power, Raja Pervez Ashraf, has said that the government, taking immediate notice of present power shortage in the country, has formed a Cabinet Co-ordination Committee which will work on war footings to overcome existing pow
Published 14 Oct, 2008 12:00am
Flour supply position reviewed

Flour supply position reviewed

Punjab Minister for Food, Malik Nadeem Kamran, has said that flour was being supplied on daily basis to meet the requirement of NWFP and Balochistan and its quantity could be increased if requires. He said this, while presiding over a meeting of the Food
Published 14 Oct, 2008 12:00am
Security steps causing huge traffic jams in Islamabad

Security steps causing huge traffic jams in Islamabad

Unprecedented security arrangements in Islamabad are leading to horrendous traffic jams and have become a major source of daily inconvenience to the people commuting to the capital from surrounding areas. It includes those with jobs in Islamabad, as well
Published 14 Oct, 2008 12:00am
Three arrested in tax fraud case

Three arrested in tax fraud case

Customs authorities in Lahore have busted a gang of importer and customs clearing agent involved in wrong declaration of 17 containers to evade duties and taxes involving Rs 25 million.
Published 14 Oct, 2008 12:00am
Ufone launches BlackBerry Bold smart phone

Ufone launches BlackBerry Bold smart phone

Ufone Pakistan is introducing innovative mobile products in Pakistan, and has now launched BlackBerry Bold smart phone in the country. First to bring this inimitable marvel to the local market, Ufone will further add to its reputation as a front runner in
Published 14 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Shahbaz seeks Iranian cooperation in various sectors

Shahbaz seeks Iranian cooperation in various sectors

Iranian Consul General Saeed Kharazi called on Punjab Chief Minister Mian Muhammad Shahbaz Sharif here on Monday and discussed co-operation between the two countries in different sectors as well as matters of common interest.
Published 14 Oct, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Punjab to demand more water at Irsa meeting today

Punjab to demand more water at Irsa meeting today

The Punjab government finalised its case for presentation at an important meeting of the Indus River System Authority (Irsa) in Islamabad today (Tuesday), sources told Business Recorder here on Monday. They said that the senior irrigation officials
Published 14 Oct, 2008 12:00am
Banks still facing liquidity crunch: overnight call rates high

Banks still facing liquidity crunch: overnight call rates high

The absolute impact of reduction in the Cash Reserve Requirement (CRR) by central bank has not been witnessed and money market is still facing liquidity crunch, as the overnight call rates still stood at high of 29 percent, banking sources told Busines
Published 14 Oct, 2008 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Divergent trend was seen on the currency market on Monday in the process of slow trading, dealers said. In the interbank market the rupee lost 22 paisa in terms of dollar for buying and selling at 79.37 and 79.42, they added. Trading activity was slow as
Published 14 Oct, 2008 12:00am
FPCCI demands withdrawal increase in KESC tariff

FPCCI demands withdrawal increase in KESC tariff

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded of the government to withdraw increase in Karachi Electric Supply Company (KESC) power tariff. The demand was made during an emergency meeting held at Federation House to di
Published 14 Oct, 2008 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Divergent trend was seen on the currency market on Monday in the process of slow trading, dealers said. In the interbank market the rupee lost 22 paisa in terms of dollar for buying and selling at 79.37 and 79.42, they added. Trading activity was slow as
Published 14 Oct, 2008 12:00am
Bijarani's death condoled

Bijarani's death condoled

President, Pakistan Muslim League-Q, PML(Q), Chaudhry Shujaat Hussein and former Punjab Chief Minister Chaudhry Pervaiz Elahi have expressed deep grief and sorrow over the sad demise of PML-Q MNA Mir Nasrullah Khan Bijarani. In a statement, they lauded th
Published 14 Oct, 2008 12:00am
MoU signed for conservation projects

MoU signed for conservation projects

The Scientific Committee of World Wide Funds for Nature-Pakistan (WWF-P) and Indus for All Programme signed a memorandum of understanding (MoU) to support the conservation initiatives within the Indus eco-region.
Published 14 Oct, 2008 12:00am
PTDC to develop tourist village, corporate complex: MoUs signed

PTDC to develop tourist village, corporate complex: MoUs signed

Pakistan Tourism Development Corporation (PTDC) in its move to promote tourism has planned to develop a 'Tourist Village' at 25 acres of land in Federal Capital with a modern three-star hotel, restaurants, conference halls, theatre facilities, gymnasium,
Published 14 Oct, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Seventh youth performing festival begins from October 16

Seventh youth performing festival begins from October 16

7th Youth Performing Festival will be held from October 16 to October 22 at Alhamra Ghaddafi Stadium Lahore organised by Rafi Peer Theater Workshop (RPTW). This was announced by Faizan Peerzada of RPTW in a press conference along with Tasneem Peerzada her
Published 14 Oct, 2008 12:00am
Taliban must be included in political process: PML-N

Taliban must be included in political process: PML-N

The Pakistan Muslim League-Nawaz (PML-N) has decided that it will call for inclusion of Taliban in the political process as use of force is not a solution to the problem, party spokesman Ahsan Iqbal said here on Monday.
Published 14 Oct, 2008 12:00am
KESC accused of switching off generators to save fuel

KESC accused of switching off generators to save fuel

While the city is experiencing an acute electricity shortage and the resultant hours-long power outages, Karachi Electric Supply Company sometimes turns off its generators to save the fuel.
Published 14 Oct, 2008 12:00am
Results announced

Results announced

The Federal Urdu University of Arts, Science and Technology on Monday announced the results of MBA, Batch II, Semester IV 2006 (Repeaters) of affiliated institutions Abacus Institute of Management and Computer Sciences, Indus Public College, Swift Trainin
Published 14 Oct, 2008 12:00am
Bali beach games begin from October 15

Bali beach games begin from October 15

Bali Beach Games are being held at Indonesia from 15 to 26 October, 2008. Pakistan's Wind Surfers would participate in the wind surfing. Chief Technician Tanveer from Pakistan Air Force (PAF) would take part in Mistral Class.
Published 14 Oct, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (October 13, 2008).

Published 14 Oct, 2008 12:00am
Nippon paints reach Sukkur

Nippon paints reach Sukkur

Nippon, the famous paint company of Japan, has launched its operation in Sukkur. A dealership in this regard is awarded to Sukkur paint house where Nippon paints also installed its fully automatic colour creation machine. The Country General Manager of Ni
Published 14 Oct, 2008 12:00am
Zardari briefs UK team about economy and terrorism

Zardari briefs UK team about economy and terrorism

The British Permanent Under Secretary for Foreign Affairs Sir Peter Ricketts and Permanent Under Secretary Home Office Sir David Normington called on President Asif Ali Zardari here on Monday. During the meeting, bilateral relations between Pakistan and U
Published 14 Oct, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Oct, 2008 12:00am
Zardari leaves for China today

Zardari leaves for China today

President Asif Ali Zardari flies to China on Tuesday seeking economic investment and support for his country as its ties with the United States come under increasing strain. Though the four-day visit is Zardari's first state visit since he assumed office
Published 14 Oct, 2008 12:00am
Zardari leaves for China today

Zardari leaves for China today

President Asif Ali Zardari flies to China on Tuesday seeking economic investment and support for his country as its ties with the United States come under increasing strain. Though the four-day visit is Zardari's first state visit since he assumed office
Published 14 Oct, 2008 12:00am
Canada offers 750,000 tonnes of wheat on deferred payments

Canada offers 750,000 tonnes of wheat on deferred payments

Canada has once again offered 750,000 tonnes of wheat on deferred payment to Pakistan. Earlier, the offer could not be mature due to the shortage of time for getting ECC clearance, well-placed sources told Business Recorder here on Monday.
Published 14 Oct, 2008 12:00am
SNGPL issues load shedding notices to industrial units

SNGPL issues load shedding notices to industrial units

Sui Nothern Gas Pipeline Limited (SNGPL) is all set to stop gas supply to the industrial units in NWFP on the account of annual maintenance, sources in industrial sector told Business Recorder on Monday. "SNGPL has issued notices to industrial unit
Published 14 Oct, 2008 12:00am
Taseer for joint session of Parliament to cope with food crisis

Taseer for joint session of Parliament to cope with food crisis

Punjab Governor, Salman Taseer has emphasised to call joint session of the Parliament to brief elected representatives about the fast emerging food challenges of the nation, so that they could be able to draw a comprehensive strategy to cope with the prob
Published 14 Oct, 2008 12:00am