News Archives for Print - 2008-10-20

Kuwaiti women ministers broke law over hijab: panel

The appointment of two Kuwaiti women ministers breached the constitution and the law because they do not wear the hijab headscarf, a panel in Kuwait's conservative parliament ruled on Sunday.

Published 20 Oct, 2008 12:00am

Colin Powell backs Barack Obama

Former secretary of state and military supremo Colin Powell Sunday endorsed Democrat Barack Obama's White House bid, in a stinging rebuff to Republican candidate John McCain.

Published 20 Oct, 2008 12:00am

Sri Lanka claims smashing final Tamil Tiger defences

Troops and Tamil Tiger rebels were locked in intense fighting in northern Sri Lanka Sunday after government forces smashed through the "last major defences" of the guerrillas, the military said.

Published 20 Oct, 2008 12:00am

Afghan war: anti-war protesters target Canadian military mission

Anti-war demonstrations in a dozen Canadian cities on Saturday protested the military mission in Afghanistan, beginning a weekend of action organisers hope will raise awareness of Canada's involvement in the US-led "War on Terror."

Published 20 Oct, 2008 12:00am

US-backed reform forum opens in UAE amid doubts

A US-backed forum aimed at promoting democracy in the Middle East opened in Abu Dhabi on Sunday amid doubts among Arab states about the validity of the four-year-old initiative. "Reform in the Middle East is above all a national demand," the foreign minis

Published 20 Oct, 2008 12:00am

Roy for probe into shooting of Indian terror suspects

Booker Prize winner and Indian activist Arundhati Roy called Sunday for a probe into a police shooting of two Muslim men who authorities have said were behind a string of bombings across India.

Published 20 Oct, 2008 12:00am

'US confident can assess North Korea plutonium'

The top US nuclear envoy said he remained confident of learning how much plutonium North Korea had produced but added the next round of disarmament talks was unlikely to be held this month, in an interview published Sunday.

Published 20 Oct, 2008 12:00am

Factors cited for fall in exports

The former Chairman, Pakistan Readymade Garment Manufacturer and Exporters Association (PRGMEA), Ijaz Khokhar has said that the exports of the country has been decreased to 50 percent due to load shedding and insufficient supply of gas to the industrial s

Published 20 Oct, 2008 12:00am

Second phase of Tableeghi Ijtema ends after special Dua

The second phase of annual Tableeghi Ijtema concluded here on Sunday after inspiring special 'Dua' in which the faithful with tearful eyes, sought forgiveness from Allah Almighty. The participants renewed their pledge to strive for the propagation of Isla

Published 20 Oct, 2008 12:00am

Education to impaired children termed social obligation

Principal, Hasan Academy for special children, Dr Ahmed Hassan has said that to impart proper education to physically impaired children is the social and moral obligation of the nation. Addressing a special monthly meeting of the Academy held here, he sai

Published 20 Oct, 2008 12:00am

Ali Gilani urges Kashmiris to observe strike on October 24

Senior Kashmiri Hurriyet leader, Syed Ali Gilani in occupied Kashmir on Sunday called upon the people of Kashmir to observe complete shutdown on October 24, the Founding Day of the United Nations.

Published 20 Oct, 2008 12:00am

'Is it nepotism or cronyism?'

Some of the key appointments made by the Government are certainly not based on jiyalaism. If it is not merit then personal friends are being obliged. How otherwise can somebody explain appointment of semi educated individuals to key diplomatic assignments

Published 20 Oct, 2008 12:00am

ROVER'S DIARY: are we ready to meet the economic challenges?

As if our own economic woes were not enough, the world economy has been hit by the financial crisis like never before. In today's globalised world once the world's leading economies start melting down, nobody is safe. The worst hit is the economy like our

Published 20 Oct, 2008 12:00am

Bill passed by Senate: Comments on Industrial Relations Act 2008 - III

With the establishment of the National Industrial Relations Commission in the context of Labour Court, two separate independent labour judiciary were established. In matters pertaining to the local nature or trade unions registered with the Provincial Reg

Published 20 Oct, 2008 12:00am

Musharraf left Pakistan clearly in the back seat vis-a-vis India

Overwhelming evidence suggests that during the Musharraf era India emerged as a responsible democratic and economically vibrant state in marked contrast to Pakistan.

Published 20 Oct, 2008 12:00am

Pak-China joint statement

The Pak-China relationship does not fit in with the pattern of standard ties between two states; this is a friendship that is time-tested, has weathered many storms and comes into full play when either of the two is confronted with difficult challenges.

Published 20 Oct, 2008 12:00am

Liquidity injection good, CBMs also needed

On October 4th 2008, the State Bank of Pakistan reduced the Cash Reserve Ratio (CRR) by one percent and announced a second reduction effective from November 15th to cumulatively provide Rs 62 billion liquidity to the banking system. After providing Rs 31

Published 20 Oct, 2008 12:00am

Demonstration against genocide of Christians in India

The National Christian Party staged a demonstration outside the Karachi Press Club (KPC) on Sunday to protest against the growing incidents of genocide of Christians by the extremist Hindus in Orissa and Karnataka in India.

Published 20 Oct, 2008 12:00am

Fishermen: government urged to end politically motivated recruitment in FCS

Fishermen have urged the government to end the politically motivated recruitment in the Fishermen Co-operative Society (FCS) and to hold fresh election of the society on the basis of fishermen's constituencies in the city, besides holding fresh membership

Published 20 Oct, 2008 12:00am

Commodities prominently fluctuated on wholesale markets

Wheat, sugar, jute goods, and oilcakes were commodities prominently fluctuated showing generally higher jumps on the wholesale markets, during the week ended on October 18, 2008. The movement to a great extent appears to be in line with this week's scenar

Published 20 Oct, 2008 12:00am

Two killed in wedding party firing

Two persons, including one child were killed and eight others injured in the aerial firing in the wedding party here on Sunday, police said. According to police sources, aerial firing took place in the wedding party in Kadda Market which resulted in the d

Published 20 Oct, 2008 12:00am

Traders threaten protest campaign against KESC

The Old City Traders Alliance Karachi has warned that if the government did not cancel the privatisation of Karachi Electric Supply Corporation (KESC) the traders would seize the head office of KESC.

Published 20 Oct, 2008 12:00am

Workshop for women councillors

Taluka Nazim Tando Allahyar Haji Khair Muhammad Khokhar has said that multidimensional strategy is needed to enhance the literacy rate and leadership qualities in working women and eliminate gender discrimination from the male dominated society of the cou

Published 20 Oct, 2008 12:00am

Volatile situation in cotton, textile market

The Pakistan Cotton Ginners' Association on last Saturday (the 18th October) released periodical cotton arrival and disposal data up to 15th October,08. According to this report, total arrival of seed-cotton is equivalent to 3.499 million running bales (S

Published 20 Oct, 2008 12:00am

Volatile situation in cotton, textile market

The Pakistan Cotton Ginners' Association on last Saturday (the 18th October) released periodical cotton arrival and disposal data up to 15th October,08. According to this report, total arrival of seed-cotton is equivalent to 3.499 million running bales (S

Published 20 Oct, 2008 12:00am

Afshan Wasti awarded PhD

Afshan Wasti, a faculty member of the Jinnah University for Women has been awarded the PhD degree in Biochemistry from the University of Karachi. She worked under the supervision of Professor Nikhat Ahmed Siddiqui of KU and her topic was 'Antipsychotic Dr

Published 20 Oct, 2008 12:00am

China's keenness to invest in Thar coal project welcomed

Sindh Minister for Revenue & Relief Syed Murad Ali Shah and Population Welfare Minister Jam Mehtab Hussain Dahar have welcomed the interest shown by Chinese Entrepreneurs in Thar Coal Project.

Published 20 Oct, 2008 12:00am

Buying sustained as prices served interest of manufacturers

The buying sustained as prices served the interest of manufacturers, while ginners felt they were being duped by circumstance and should hold falling value of cotton. The spot rate was subjected to a couple of times.

Published 20 Oct, 2008 12:00am

Buying sustained as prices served interest of manufacturers

The buying sustained as prices served the interest of manufacturers, while ginners felt they were being duped by circumstance and should hold falling value of cotton. The spot rate was subjected to a couple of times.

Published 20 Oct, 2008 12:00am

Overhead electric wires endangering residents

The overhead power supply distribution network is posing grave threats to the residents of smaller sectors and rural areas of the federal capital. Sectors including E, F, G, H and I-8 have been provided underground power supply system excluding sectors I-

Published 20 Oct, 2008 12:00am

Fehmida calls for stringent media campaign against osteoporosis

The Speaker National Assembly, Dr Fehmida Mirza has called for a stringent media awareness campaign against Osteoporosis - the disease, which has reached an alarming stage especially in females that affects density and quality of bones and increases risk

Published 20 Oct, 2008 12:00am

Police nab 407 drug pushers

City Police Islamabad during an ongoing crackdown against the criminals has arrested 407 alleged culprits involved in dealing and selling narcotics and recovered huge quality of narcotics and liquor weighing 428.609 kgs, chars 21.187 kgs heroin 16.065 kg,

Published 20 Oct, 2008 12:00am

To attract foreign investment: CDA to hold property exhibition, road show in Dubai

The Capital Development Authority (CDA) is planning to hold property exhibition and road show in Dubai with the objective to attract foreign investment in the real estate sector in Islamabad. These events aim to generate funds for development projects pla

Published 20 Oct, 2008 12:00am

In-camera session: JUI-F trying to bring unanimous resolution

Jamiaat-ulema-Islam (JUI-F) is playing key role in tabling a unanimous resolution in ongoing in-camera session of the parliament and the resolution will be upto the aspiration of the entire nation.

Published 20 Oct, 2008 12:00am

Rs 1,454 million being spent on 22 educational projects: Raja Riaz

Senior Minister Punjab Raja Riaz Ahmad has said that government is working for the promotion of education adding that a sum of Rs 1,454 million is being spent on 22 school education projects in the province. The purpose is to promote school education and

Published 20 Oct, 2008 12:00am

President's China visit adds new dimensions: Azeem Daultana

Parliamentary Secretary for Information and Broadcasting, Azeem Daultana said the visit of President Asif Ali Zardari to China has added new dimensions in the existing time-tested ties between the two countries.

Published 20 Oct, 2008 12:00am

'Power crisis badly affecting garments sector'

Former President Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokar has said that prevailing power crisis is badly affecting the garments sector, which has already been hit by high inflation, growth decline and mone

Published 20 Oct, 2008 12:00am

'Doctor of Letters' awarded to APHC leader

The Chancellor of Azad Jammu and Kashmir University has awarded an honorary degree of "Doctor of Letters" to senior leader of the All Parties Hurriyet Conference, Professor Abdul Ghani Butt for his services in field of education and for Kashmir cause.

Published 20 Oct, 2008 12:00am

Fehmida, Kundi condole death of Dr Zulfiqar

Speaker National Assembly Dr Fehmida Mirza and Deputy Speaker Faisal Karim Kundi have expressed their deep grief and sorrow over the demise of Dr Zulfiqar Ali Burq, former member of National Assembly. In their separate condolence messages to the bereaved

Published 20 Oct, 2008 12:00am

Water logging, salinity posing threat to agriculture sector: Experts

Agronomists say that water logging, salinity, and non-agricultural uses are squeezing Pakistan's precious arable lands and posing serious threat to the agriculture sector and nation's food security.

Published 20 Oct, 2008 12:00am

Time ripe for durable peace, stability in Fata: Khattak

Prominent leader and MNA, Tariq Khan Khattak on Sunday urged for adopting a multi-pronged strategy to bring peace and development in the troubled areas. In a panel interview with APP, the MNA from Nowshehra said the better law and order across the country

Published 20 Oct, 2008 12:00am

Government looking for political solution to Fata situation: Rabbani

Leader of the house in Senate Mian Raza Rabbani on Sunday said that the government is following the peaceful means of negotiations for resolution of the problem of militancy and extremism in Waziristan and other parts of the tribal region of the country.

Published 20 Oct, 2008 12:00am

Wah suicide attack case hearing next week

An Anti-Terrorist Court will resume the hearing of Wah suicide attack case during next week. The accused Hamidullah, a suspected bomber was arrested soon after the two suicide attacks, which claimed 70 lives on August 21. The Judge ATC -II, Sakhi Muhammad

Published 20 Oct, 2008 12:00am

Uniformity in duration of load shedding demanded

The Chambers of Commerce and Industry of Southern Punjab has demanded countrywide uniformity in duration of load shedding and means of alternate power generation to enhance power production in the country.

Published 20 Oct, 2008 12:00am

National Transport Policy to be introduced soon

Ahmed Mujtaba Gilani, incharge of Prime Minister's camp office in Multan, said here on Sunday that very soon National Transport Policy would be introduced to provide better services to commuters.

Published 20 Oct, 2008 12:00am

AETP to help achieve, sustain 8 percent annual economic growth

Accelerating Economic Transformation Programme (AETP) will help Pakistan achieve and sustain average annual economic growth of about 8 percent from 2010 to 2020, through a process of structural transformation of the country's economy.

Published 20 Oct, 2008 12:00am

'Two-pronged strategy to augment agriculture yield'

The government is implementing a two pronged strategy to drastically augment agriculture yield during the next few years. Official sources said that the strategy focuses on bringing additional area under the plough and narrowing down productivity gap betw

Published 20 Oct, 2008 12:00am

National issues: Opposition urged to avoid political point scoring

Foreign Minister Makhdoom Shah Mehmood Qureshi has urged the opposition to avoid political point scoring on national issues and respond positively to the government's efforts aimed at devising a strategy enjoying national consensus to defeat militancy and

Published 20 Oct, 2008 12:00am

High doctor fees, costly medicine prescriptions lead patients to quacks: study

High fees, unnecessary investigations, prescription of expensive medicines and giving patients less hearing by qualified doctors force them to visit quacks.

Published 20 Oct, 2008 12:00am

Government slammed for negative Kashmir policy

The Central Joint Secretary, Pakistan Muslim League-N (PML-N) and MNA, Khawaja Muhammad Asif has strongly criticised the government's negative policy on Kashmir issue termed it as an act of stabbing the Kashmiris and ignoring their scarifies.

Published 20 Oct, 2008 12:00am

Two killed in accident

Two persons, riding a motorbike were killed and two others sustained injuries when their two-wheeler rammed into a pick up van here on late Saturday According to police, Four persons of village Ghulam Nabi Larr were going to their village from Khanpur cit

Published 20 Oct, 2008 12:00am

Two-day corporate training programme concludes

The concluding session of a two-day corporate training programme on 'Cost Reduction Techniques for Competitiveness and Profit Maximisation' arranged by National Productivity Organisation (NPO) in collaboration with Pakistan National Accreditation Council

Published 20 Oct, 2008 12:00am

Green Tractors Scheme: balloting for Sialkot farmers on October 23

Punjab government has initiated "Green Tractor Scheme" costing Rs 2 billion for providing as many as 10,000 tractors on subsidised rates to the deserving and small farmers through a transparent process in the province.

Published 20 Oct, 2008 12:00am

PML-Q refuses to accept Elahi, Faisal as parliamentary leaders

34 out of 54 members of parliament belonging to Pakistan Muslim League-Q have refused to accept Chaudhry Pervez Elahi and Faisal Saleh Hayat as parliamentary leaders, private TV channel reported on Sunday.

Published 20 Oct, 2008 12:00am

Sugarcane plays vital role in economy

Agriculture is the backbone of Pakistan's economy and sugarcane crop plays a vital role in the shape of cash crop which provides a major share of farmers earnings. It is an important cash crop, which contributes in socio-economic development of Pakistan.

Published 20 Oct, 2008 12:00am

'Pir Hissamuddin Rashidi Conference on Sindh History' concludes

The two-day "Pir Hissamuddin Rashidi International Conference on History of Sindh" was concluded here on Sunday.

Published 20 Oct, 2008 12:00am

APHC announces boycott of IoK polls

Terming it a futile exercise, All Parties Hurriyat Conference, Jammu and Kashmir Liberation Front and other groups announced boycott of Held Kashmir elections announced by India on Sunday. APHC Chairman Mirwaiz Umer Farooq, asking the people to stay away

Published 20 Oct, 2008 12:00am

Placing Musharraf's name on ECL: Sindh home department contradicts report

Sindh Home Department on Sunday contradicted a news appearing in a section of the press that it has requested the federal government for placing the name of former president Pervez Musharraf on exit control list (ECL).

Published 20 Oct, 2008 12:00am

ADB $50 million roads sector plan objectives generally achieved: report

The Asian Development Bank (ADB) completion report on a 50 million dollars loan, undertaken to formulate a national policy reform programme for the road sector, was assessed as generally achieving its objectives of policies and most of the policy actions

Published 20 Oct, 2008 12:00am

Special attention being paid to control eye diseases: Shahbaz

Chief Minister Punjab Mian Muhammad Shahbaz Sharif has said that provision of healthcare facilities is one of the top priorities of the government and solid measures are being taken for improvement of health sector and health facilities in the hospitals.

Published 20 Oct, 2008 12:00am

Customs clearing agent's arrest: Member-FRS named probe panel head

The Federal Board of Revenue (FBR) has appointed Mumtaz Haider Rizvi, Member, Fiscal Research and Statistics (FRS), as head of a committee to examine a case pertaining to misdeclaration of an imported consignment at Lahore Dry Port, which resulted in the

Published 20 Oct, 2008 12:00am

PC-1 for liver transplant facility approved by Cabinet: Pims symposium participants informed

The Cabinet has approved PC-1 for liver transplant, according to the Organ Transplant Ordinance. This was announced in the third day session of the 5th Symposium held recently in Pakistan Institute of Medical Sciences (Pims).

Published 20 Oct, 2008 12:00am

Pakistan to attend Thailand rice moot

The 2008 World Rice Commerce Conference in Chiang Mai, Thailand on October 21 will be attended by brokers and growers representing more than 30 countries, including Pakistan. World produces more rice than any other agricultural commodity and participants

Published 20 Oct, 2008 12:00am

Imran urges people to bring back foreign banks deposits

Chairman Pakistan Tehreek-i-Insaf (PTI) Imran Khan has urged all nationals maintaining deposits in foreign banks to bring back the money to the country for stabilising national economy. In a statement issued here, the PTI chief said the rulers, politician

Published 20 Oct, 2008 12:00am

314 small dams to be built in four years

Three hundred and fourteen small dams will be constructed over a period of four years in the country under National Programme for Small Dams. The initiative will provide two million acre feet (MAF) of additional water to irrigate additional over four hund

Published 20 Oct, 2008 12:00am

Fake pesticides worth Rs 260 million seized in Punjab

The Punjab government has confiscated fake agriculture medicines worth Rs 260 million in a period of last four months, said Punjab Agriculture Minister Ahmed Ali Aulakh on Sunday. Talking to state-run television he said short and long term measures have b

Published 20 Oct, 2008 12:00am

Vital policy matters: Nawaz to write letter to Gilani

Nawaz Sharif has decided to write a letter, on important policy matters, to the Prime Minister, instead of President Asif Ali Zardari, despite the fact that entire power rests with the latter. The letter is likely to be dispatched to Prime Minister Yousuf

Published 20 Oct, 2008 12:00am

Iftikhar to attend SCBA meeting today

Deposed chief justice Iftikhar Muhammad Chaudhry will attend the meeting of Supreme Court Bar Association (SCBA) to be held in the Supreme Court building here on Monday (today). Justice Iftikhar Chaudhry has been invited to attend the meeting by president

Published 20 Oct, 2008 12:00am

Rs 128.5 billion second quarter target for direct taxes: LTUs told to make extra efforts

The Federal Board of Revenue (FBR) has directed the Large Taxpayer Units (LTUs), both of Karachi and Lahore, to make extra efforts for achieving the direct taxes target of Rs 128.5 billion during the second quarter (October-December) of 2008-09.

Published 20 Oct, 2008 12:00am

Five Indian fishermen arrested

Five Indian fishermen were arrested by agencies protecting maritime frontiers and handed over to police, according to police sources here. The Indian fishermen were found to have illegally intruded 120 nautical miles into Pakistan territorial waters. The

Published 20 Oct, 2008 12:00am

Government decides to expand federal cabinet

The government has decided in principle to expand the federal cabinet by inducting 20 new either federal or state ministers from the coalition parties. According to sources, consolations with the coalition partners have been completed in this regard and i

Published 20 Oct, 2008 12:00am

Steps taken for provision of 'Sasti Roti' to people

Chief Minister Punjab Mian Muhammad Shahbaz Sharif has said that the efforts being made for the provision of 'Sasti Roti' to the people should further be intensified and the standard and weight of Roti should also be ensured.

Published 20 Oct, 2008 12:00am

Iran warns West against talks with Taliban

Iranian Foreign Minister Manouchehr Mottaki warned the West on Sunday not to push for talks with the Taliban militia which had stormy relations with Tehran when it ruled Afghanistan up to 2001. "Today, the whole world knows about the strategic failure of

Published 20 Oct, 2008 12:00am

Iran warns West against talks with Taliban

Iranian Foreign Minister Manouchehr Mottaki warned the West on Sunday not to push for talks with the Taliban militia which had stormy relations with Tehran when it ruled Afghanistan up to 2001. "Today, the whole world knows about the strategic failure of

Published 20 Oct, 2008 12:00am

DGTO ends FPCCI ''life'', ''patron'' membership: 100 trade bodies issued licences

All life members and patron members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have been stripped off their status in the apex trade body.

Published 20 Oct, 2008 12:00am

DGTO ends FPCCI 'life', 'patron' membership: 100 trade bodies issued licences

All life members and patron members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have been stripped off their status in the apex trade body.

Published 20 Oct, 2008 12:00am

DGTO ends FPCCI 'life', 'patron' membership: 100 trade bodies issued licences

All life members and patron members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have been stripped off their status in the apex trade body.

Published 20 Oct, 2008 12:00am

Sri Lankan defence team due on October 21

A Sri Lankan defence delegation led by its Secretary Defence Gotabhaya Rajapakse will arrive Pakistan on October 21 on a five days official visit.

Published 20 Oct, 2008 12:00am

Blast kills three, MNA's son escapes unhurt in Dera Bugti

Three people were killed while five others injured, two of them seriously, when a remote control bomb exploded in Dera Bugti town on Sunday, Dera Bugti police said. Some unknown miscreants had planted the bomb on a roadside for targeting Yousuf Bugti, son

Published 20 Oct, 2008 12:00am

LSE remains unchanged during last week

The sentiments on the Lahore Stock Exchange remained unchanged during the last week and equities showed insignificant movement because of scare investors' interest, who have been waiting for good news regarding the bailout package from foreign friends and

Published 20 Oct, 2008 12:00am

LSE remains unchanged during last week

The sentiments on the Lahore Stock Exchange remained unchanged during the last week and equities showed insignificant movement because of scare investors' interest, who have been waiting for good news regarding the bailout package from foreign friends and

Published 20 Oct, 2008 12:00am

India to hold elections in IHK from November 17

Troubled India held Kashmir will hold state assembly elections from November 17, the country's election commission announced Sunday. "The commission has decided that elections will be held in seven phases in occupied Jammu and Kashmir and the first phase

Published 20 Oct, 2008 12:00am

India to hold elections in IHK from November 17

Troubled India held Kashmir will hold state assembly elections from November 17, the country's election commission announced Sunday. "The commission has decided that elections will be held in seven phases in occupied Jammu and Kashmir and the first phase

Published 20 Oct, 2008 12:00am

LTUs and RTOs told to check data from income tax department

FBR Chairman Ahmed Waqar has directed the tax managers to check the data of sales tax refund claimants from the income tax department before issuance of ST refunds to effectively control the menace of tax frauds and fraudulent claims in future. Sources to

Published 20 Oct, 2008 12:00am

LTUs and RTOs told to check data from income tax department

FBR Chairman Ahmed Waqar has directed the tax managers to check the data of sales tax refund claimants from the income tax department before issuance of ST refunds to effectively control the menace of tax frauds and fraudulent claims in future. Sources to

Published 20 Oct, 2008 12:00am

LTUs and RTOs told to check data from income tax department

FBR Chairman Ahmed Waqar has directed the tax managers to check the data of sales tax refund claimants from the income tax department before issuance of ST refunds to effectively control the menace of tax frauds and fraudulent claims in future. Sources to

Published 20 Oct, 2008 12:00am

CNG kits prices raised by 60 percent

The prices of compress natural gas (CNG) conversion kits have touched new peaks and over 60 percent hike has been witnessed in last eight months owing to continuous rupee depreciation. The CNG kit prices have further increased by 30 percent after current

Published 20 Oct, 2008 12:00am

SBP dispels reports on foreign currency accounts

The State Bank of Pakistan has categorically dispelled the impression created by some media reports that the SBP enjoys excessive powers to take action against any person who maintains overseas foreign currency account beyond $1000 under Foreign Exchange

Published 20 Oct, 2008 12:00am

SBP dispels reports on foreign currency accounts

The State Bank of Pakistan has categorically dispelled the impression created by some media reports that the SBP enjoys excessive powers to take action against any person who maintains overseas foreign currency account beyond $1000 under Foreign Exchange

Published 20 Oct, 2008 12:00am

SBP dispels reports on foreign currency accounts

The State Bank of Pakistan has categorically dispelled the impression created by some media reports that the SBP enjoys excessive powers to take action against any person who maintains overseas foreign currency account beyond $1000 under Foreign Exchange

Published 20 Oct, 2008 12:00am

Forum set up to promote security of US ventures in Asia

The United States is to launch a forum to promote security of largely American businesses in Asia amid concerns on issues ranging from copyright piracy to terrorism threats, officials said. The forum, pushed for by US companies in the region, will be inau

Published 20 Oct, 2008 12:00am

Forum set up to promote security of US ventures in Asia

The United States is to launch a forum to promote security of largely American businesses in Asia amid concerns on issues ranging from copyright piracy to terrorism threats, officials said. The forum, pushed for by US companies in the region, will be inau

Published 20 Oct, 2008 12:00am

Forum set up to promote security of US ventures in Asia

The United States is to launch a forum to promote security of largely American businesses in Asia amid concerns on issues ranging from copyright piracy to terrorism threats, officials said. The forum, pushed for by US companies in the region, will be inau

Published 20 Oct, 2008 12:00am

China announces landmark farm reforms

Chinese farmers will be allowed to trade, lease out and transfer their land rights for profit, according to a landmark agricultural policy document released by the government on Sunday.

Published 20 Oct, 2008 12:00am

China announces landmark farm reforms

Chinese farmers will be allowed to trade, lease out and transfer their land rights for profit, according to a landmark agricultural policy document released by the government on Sunday.

Published 20 Oct, 2008 12:00am

China announces landmark farm reforms

Chinese farmers will be allowed to trade, lease out and transfer their land rights for profit, according to a landmark agricultural policy document released by the government on Sunday.

Published 20 Oct, 2008 12:00am

Investment under CFS declines

Investment under Continuous Funding System CFS) on Karachi share market declined to Rs 11.89 billion at the end of the outgoing week as compared to Rs 12.9 billion recorded on the same day a week earlier. The average CFS rate also declined to 59.46 percen

Published 20 Oct, 2008 12:00am

Investment under CFS declines

Investment under Continuous Funding System CFS) on Karachi share market declined to Rs 11.89 billion at the end of the outgoing week as compared to Rs 12.9 billion recorded on the same day a week earlier. The average CFS rate also declined to 59.46 percen

Published 20 Oct, 2008 12:00am

Investment under CFS declines

Investment under Continuous Funding System CFS) on Karachi share market declined to Rs 11.89 billion at the end of the outgoing week as compared to Rs 12.9 billion recorded on the same day a week earlier. The average CFS rate also declined to 59.46 percen

Published 20 Oct, 2008 12:00am

Investment under CFS declines

Investment under Continuous Funding System CFS) on Karachi share market declined to Rs 11.89 billion at the end of the outgoing week as compared to Rs 12.9 billion recorded on the same day a week earlier. The average CFS rate also declined to 59.46 percen

Published 20 Oct, 2008 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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