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Print - 2008-11-04
Lawyers to observe strike today

Lawyers to observe strike today

The legal fraternity on Monday announced a countrywide strike today (Tuesday) to revive their movement for reinstatement of deposed judges. The decision was taken by President of the Supreme Court Bar Association, Ali Ahmed Kurd, during a peaceful sit-in
Published 04 Nov, 2008 12:00am
PIA employees give one-month salary for quake victims

PIA employees give one-month salary for quake victims

Pakistan International Airlines Managing Director Captain Ijaz Haroon on Monday called on Prime Minster Syed Yousuf Raza Gilani and presented a cheque of Rs 11.6 million (one month salary contributed by PIA employees) for the earthquake victims of Balochi
Published 04 Nov, 2008 12:00am
Reception for CDA employees nominated for Haj

Reception for CDA employees nominated for Haj

Capital Development Authority (CDA) Mazdoor Union (Chaudhry Muhammad Yasin Group) organised a reception in honour of CDA employees nominated for Haj here on Monday.
Published 04 Nov, 2008 12:00am
Shahid Masood appointed special assistant to Prime Minister

Shahid Masood appointed special assistant to Prime Minister

Prime Minster Syed Yousuf Raza Gilani has accepted the resignation of the Chairman/Managing Director of Pakistan Television Corporation (PTVC) Dr Shahid Masood with immediate effect. A statement issued by Office of the Prime Minister said that the Prime M
Published 04 Nov, 2008 12:00am
'Houses For All' scheme to benefit one million people annually: minister

'Houses For All' scheme to benefit one million people annually: minister

Federal Minister for Housing and Works Rahmatullah Kakar on Monday said the government was making all-out efforts to develop the housing sector and taking concrete steps in this regard. He expressed these views while chairing a meeting of the Steering Com
Published 04 Nov, 2008 12:00am
Shahbaz seeks report on AGP-DPO altercation

Shahbaz seeks report on AGP-DPO altercation

Taking exception to the exchange of harsh words between the Advocate General Punjab (AGP), Khawaja Harris and District Police Officer (DPO) Gujrat, Tahir Alam, Punjab Chief Minister, Mian Shahbaz Sharif has directed the Inspector General, Punjab Police to
Published 04 Nov, 2008 12:00am
Copper falls 4 percent

Copper falls 4 percent

Copper fell as much as 4 percent on Monday after a sharp jump in inventories fanned pessimism about Chinese demand. Copper stocks on the London Metal Exchange grew 7,275 tonnes to 237,925, the highest level since March 2004. The increase followed gains of
Published 04 Nov, 2008 12:00am
Oil drops 5 percent on slumping demand

Oil drops 5 percent on slumping demand

Oil fell over 5 percent on Monday as further indicators of falling global demand linked to a potential recession offset Opec plans to reign in output. US crude fell $3.65 to $64.16 a barrel by 12.57 EST (1757 GMT). London Brent crude dropped $4.18 to $61.
Published 04 Nov, 2008 12:00am
London cocoa falls

London cocoa falls

Cocoa futures fell on origin selling and arbitrage on Monday, while coffee and sugar consolidated, supported by a weak dollar, as markets focused on efforts to spur global economic activity. Following rate cuts last week from the Fed, China and Japan, the
Published 04 Nov, 2008 12:00am
Gold retreats in London

Gold retreats in London

Gold retreated from highs on Monday as the dollar recovered from lows against the euro, with fears over physical demand weighing on sentiment. Spot gold climbed to $725.35/727.35 an ounce at 1409 GMT from $723.05 late in New York on Friday.
Published 04 Nov, 2008 12:00am
US MIDDAY: coffee, cocoa fall

US MIDDAY: coffee, cocoa fall

Arabica coffee and US cocoa futures erased earlier gains and fell in early trade on Monday, as the US dollar pared losses and other markets including crude oil turned down, traders said. Arabica coffee for December delivery down 0.65 cent at $1.1235 per l
Published 04 Nov, 2008 12:00am
US MIDDAY: sugar turns lower

US MIDDAY: sugar turns lower

Raw sugar futures on ICE Futures US at 1237 GMT. March raw sugar contract fell 0.04 cent to 11.98 cents per lb. Trading from 11.95 to 12.28 cents. Volume at 9,175 lots. Sugar turned lower as investors sold after the early rally and on the coattails of oth
Published 04 Nov, 2008 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

Wheat futures on all three US exchanges rose early Monday in a technical bounce, traders said. In Chicago, large speculators' net short position leaves CBOT wheat open to bouts of short-covering. CBOT December wheat was up 16-1/4 cents at $5.52-1/2 a bush
Published 04 Nov, 2008 12:00am
US MIDDAY: soyabeans up

US MIDDAY: soyabeans up

Chicago Board of Trade soyabean futures rose early Monday, supported by the strength in the soyaoil market, traders said. The soya crush spread was adjusting after closing out of line on Friday amid month-end positioning when soybeans gained on soyameal a
Published 04 Nov, 2008 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

US copper futures, which lost more than 36 percent in October, fell further early on Monday on demand concerns fuelled by another large build in London warehouse stocks. Copper for December delivery fell by 0.15 cent to $1.8275 a lb by 10:20 am.
Published 04 Nov, 2008 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

US gold futures jumped more than 1 percent Monday as a dollar drop against the euro triggered buying in an oversold gold market, traders said. December gold up $11.80 or 1.6 percent at $730.00 an ounce on the COMEX division of the New York Mercantile Exch
Published 04 Nov, 2008 12:00am
Punjab spending Rs 6,760 million on urban development

Punjab spending Rs 6,760 million on urban development

The Senior Minister, Raja Riaz Ahmad has said that the government was spending Rs 6,760 million on sustained urban development and improvement of people's lifestyle in the province. He was talking to an assembly of public representatives, Councillors of L
Published 04 Nov, 2008 12:00am
Lahore RTO receives 267,806 returns under USAS

Lahore RTO receives 267,806 returns under USAS

The Regional Tax Office (RTO) Lahore has received 267,806 returns under the Universal Self-Assessment Scheme (USAS) for the tax year 2008 till October 31, 2008 and revenue of Rs 283 million as tax with the returns of income.
Published 04 Nov, 2008 12:00am
Condemning capitalism - how fair is it?

Condemning capitalism - how fair is it?

No system can survive for long (though capitalism did it) if it is fundamentally flawed, but what eventually can spell its doom is its corruption by its self-righteous implementers while its ideological supporters standby as silent spectators. This is pre
Published 04 Nov, 2008 12:00am
Melamine contamination highlights human food chain risks

Melamine contamination highlights human food chain risks

Hong Kong mother Shirley Lo stocked her refrigerator with soymilk and switched to buying imported chocolates for her son after melamine was found in baby formula and milk products in China. But when eggs from China tested positive for melamine in Hong Kon
Published 04 Nov, 2008 12:00am
Inadequate relief

Inadequate relief

Even though the government relief agencies swung into action soon after Wednesday's devastating earthquake in the mountainous districts of Balochistan, many residents of the affected areas spent at least two consecutive nights out in the open.
Published 04 Nov, 2008 12:00am
Shot in the arm for ginning industry

Shot in the arm for ginning industry

It is heartening to learn that the Minister for Water and Power, Pervez Ashraf on Friday directed the Pakistan Electric Power Company (Pepco) to ensure that ginning factories get uninterrupted power supply and also that there should not be forced and unsc
Published 04 Nov, 2008 12:00am
Allies' differing perspectives

Allies' differing perspectives

What could be more frustrating that ever since our security forces intensified military operation in the troubled north-west - with heavy attendant losses of men and material - in compliance with its commitment to fight terrorism, Pakistan has been subjec
Published 04 Nov, 2008 12:00am
KSE holds selling-out session

KSE holds selling-out session

Karachi Stock Exchange (KSE) on Monday held a selling-out session on behalf of National Clearing Company of Pakistan Limited (NCCPL) to obtain offers from interested buyers of some securities, available for selling-out on spot T+1 settlement. The session
Published 04 Nov, 2008 12:00am
The Weather

The Weather

The weather report on Monday (November 03, 2008)and the forecast for Tuesday (November 04, 2008).

Published 04 Nov, 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 04 Nov, 2008 12:00am
Tax Ombudsman detects case of maladminisration

Tax Ombudsman detects case of maladminisration

The Federal Tax Ombudsman, Munir A Sheikh, has detected a case of maladministration where a Commissioner wrongly issued an order for imposition of penalty on a Karachi-based builder. In a recent judgement, the FTO has asked the Federal Board of Revenue (F
Published 04 Nov, 2008 12:00am
GCU and SDPI sign MoU

GCU and SDPI sign MoU

The Government College University (GCU), Lahore has signed a Memorandum of Understanding (MoU) with the Sustainable Development Policy Institute (SDPI), Islamabad in a ceremony held on Monday.
Published 04 Nov, 2008 12:00am
Establishment of ROZs in NWFP, Fata discussed

Establishment of ROZs in NWFP, Fata discussed

A meeting of committee for Reconstruction Opportunity Zone (ROZs) was held here at the office of Sarhad Development Authority (SDA) Peshawar on Monday. The NWFP minister for Industries, Syed Ahmad Hussain Shah presided over the meeting. It may be noted th
Published 04 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Privatisation Commission Board meeting today

Privatisation Commission Board meeting today

Federal Minister for Privatisation, Investment, Ports and Shipping, Naveed Qamar will chair a meeting of Board of Privatisation Commission to formulate recommendations for Cabinet Committee on Privatisation (CCOP). According to an announcement of Privatis
Published 04 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Millers may be allowed rice purchase from domestic market: Passco

Millers may be allowed rice purchase from domestic market: Passco

Pakistan Agriculture Supplies and Storage Corporation (Passco) is likely to send a proposal to the Ministry of Food, Agriculture and Livestock (Minfal) suggesting to allow the rice millers to purchase paddy from the domestic market as Passco is not in a p
Published 04 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Death sentence commuted into life imprisonment

Death sentence commuted into life imprisonment

The Islamabad High Court here on Monday commuted death sentence of a convict into life imprisonment. A Division bench, headed by Chief Justice Sardar Mohammad Aslam, commuted the death sentence of Jehan Zeb, a former police corp who had been convicted for
Published 04 Nov, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (November 03, 2008)and for Tuesday (December 04, 2008).
Published 04 Nov, 2008 12:00am
Book on Zardari's years in jail launched

Book on Zardari's years in jail launched

A new book on President Asif Ali Zardari's years in jail as political leader and his democratic struggle hit the markets on Monday. The book "Defy" has been written by Mumtaz Khakhrani, former President of Asif Ali Zardari Rihai Committee. It also contain
Published 04 Nov, 2008 12:00am
Minister calls for reclaiming barren land to end food crises

Minister calls for reclaiming barren land to end food crises

Provincial Minister for Agriculture, Arbab Muhammad Ayub Jan has called upon the farming community to bring maximum area of waste land under cultivation so as to end the on-going food crises and attained self sufficiency in this vital sector. He said that
Published 04 Nov, 2008 12:00am
Tarin for bringing agriculture sector into tax net

Tarin for bringing agriculture sector into tax net

Prime Minister's Adviser on Finance Shaukat Tarin said that all sectors of the economy should be brought into the tax net for fair play and promotion of tax culture in the country. In an interview to a private TV channel, he admitted that the government h
Published 04 Nov, 2008 12:00am
Tarin for bringing agriculture sector into tax net

Tarin for bringing agriculture sector into tax net

Prime Minister's Adviser on Finance Shaukat Tarin said that all sectors of the economy should be brought into the tax net for fair play and promotion of tax culture in the country. In an interview to a private TV channel, he admitted that the government h
Published 04 Nov, 2008 12:00am
US to provide technical support to agriculture sector: Hunt

US to provide technical support to agriculture sector: Hunt

There is rich potential for growth in the agriculture sector in Pakistan and United States will provide technical assistance to help the country meet its growing need for food grain, said Principal Officer US Consulate, Lahore Brian D Hunt here.
Published 04 Nov, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Minfal to import $100 million urea in December

Minfal to import $100 million urea in December

Ministry of Food, Agriculture and Livestock (Minfal) will import urea fertiliser worth $100 million within next month on priority basis. Minfal sources told APP on Monday that Ministry of Finance has allocated US $100 million for import of Urea Fertiliser
Published 04 Nov, 2008 12:00am
SSUET students develop micro-controller Braille system

SSUET students develop micro-controller Braille system

The students of Sir Syed University of Engineering and Technology (SSUET) have developed a Braille system that works on the basis of micro-controller. The micro-controller-based Braille system is a tactile communication mode that uses the mobile and other
Published 04 Nov, 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 (November 03, 2008).

Published 04 Nov, 2008 12:00am
Paintings exhibition

Paintings exhibition

Tanzara Art Gallery (TAG) will open an exhibition of paintings by six renowned artists here on November 6. The display of paintings would continue till November 21 featuring the works of Akram Dost, Kaleem Khan, Nahid Raza, Shammi Ahmad, Tabinda Chinoy an
Published 04 Nov, 2008 12:00am
PBM assures support to NEF

PBM assures support to NEF

The Pakistan Bait-ul-Mal (PBM) would provide every possible support to National Education Foundation, which is working for the promotion of education to disadvantaged section of the society. This was stated by Chairman of PBM, Zamrud Khan while inaugurati
Published 04 Nov, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
People wish Obama success

People wish Obama success

The US presidential elections, on which the eyes of the whole world are fixed, will be held on Tuesday. In Pakistan too, Democrat presidential nominee Barack Obama is gaining popularity due to his announcement of increasing non-military assistance to Paki
Published 04 Nov, 2008 12:00am
World urged to help Pakistan overcome challenges

World urged to help Pakistan overcome challenges

A Muslim Conservative Party member of House of Lords has appealed to the international community to help Pakistan overcome its economic and extremism challenges.
Published 04 Nov, 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 (November 03, 2008).

Published 04 Nov, 2008 12:00am
Government urged to ensure rice procurement on fixed rates

Government urged to ensure rice procurement on fixed rates

Kisan Board Pakistan (KBP) has urged the government to ensure procurement of paddy on the government announced rates. KBP President Sardar Zafar Hussain Khan in a statement issued here on Monday also called for start of procurement of paddy at Pakistan Ag
Published 04 Nov, 2008 12:00am
Steam Safari train service suspended

Steam Safari train service suspended

Steam Safari train between Golra Sharif and Taxila and Peshawar to Landi Kotal has been suspended due to over 50 percent reduction in number of tourists visiting these places.
Published 04 Nov, 2008 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
UN agency to update Afghan refugees data from November 10

UN agency to update Afghan refugees data from November 10

The Government of Pakistan, in collaboration with UN refugee agency, is launching an initiative for updating record of Afghan refugees residing in Pakistan, including registering, updating, correcting or modifying existing Proof of Registration (PoR) card
Published 04 Nov, 2008 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Fire at bank branch extinguished

Fire at bank branch extinguished

A fire broke out on Monday morning at about 8:30am on the 5th Floor of the City Branch of UBL, on I. I. Chundrigar Road. The fire, which was apparently caused by an electrical short-circuit, was restricted to the same floor. Whilst members of UBL's Securi
Published 04 Nov, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Aftershocks to continue in affected areas for next five days

Aftershocks to continue in affected areas for next five days

Director General, Pakistan Meteorological Department (PMD), Qamar-uz-Zaman Chaudhry has indicated high intensity aftershocks to continue in quake-affected areas of Balochistan during next five days. Talking to PTV, he said the frequency of aftershocks wou
Published 04 Nov, 2008 12:00am
Ample food, medicines available for Balochistan affectees: NDMA

Ample food, medicines available for Balochistan affectees: NDMA

The situation in Pakistan's earthquake-hit areas is in total control and there are ample food and medicines available for the quake affected people, a senior member of National Disaster Management Authority (NDMA) said in an interview. In an exclusive int
Published 04 Nov, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13th September, 2008.

Published 04 Nov, 2008 12:00am
Conservation of energy: Smeda signs MoU with Enercon

Conservation of energy: Smeda signs MoU with Enercon

The Small and Medium Enterprises Development Authority (Smeda) and the National Energy Conservation Centre (Enercon) have entered into an agreement to promote energy conservation in SME sector. The document of memorandum of understanding in this regard wa
Published 04 Nov, 2008 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13th September, 2008.

Published 04 Nov, 2008 12:00am
Hoax bomb call creates panic at media building

Hoax bomb call creates panic at media building

Hoax bomb calls on Monday caused panic in the office of a local English language newspaper and a private television channel at Guru Mandir round about. After receiving information volunteers of Edhi, Cheepa and police officials of Soldier Bazaar police st
Published 04 Nov, 2008 12:00am
Lahore corps commander visits training camp

Lahore corps commander visits training camp

The Commander, Lahore Corps, Lieutenant General Ijaz Ahmed Bakhshi visited the Combat Bridge Training Camp on Monday and witnessed Engineers' troops engaged in training of bridge construction. General Officer Commanding Major General Raza Muhammad accompa
Published 04 Nov, 2008 12:00am
Boucher and Petraeus call on CJCSC

Boucher and Petraeus call on CJCSC

General Tariq Majeed, Chairman Joint Chiefs of Staff Committee (CJCSC), has said that Pakistan is looking forward to work with America under the renewed environment of bilateral co-operation to deal with the challenges stemming out of militancy.
Published 04 Nov, 2008 12:00am
IESCO schedule for power shutdown

IESCO schedule for power shutdown

Islamabad Electricity Supply Company (ISECO) has announced power shutdown at different areas of Islamabad and Rawalpindi during current week. According to schedule of load shedding released on Monday by IESCO, power supply will remain suspended due to con
Published 04 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
BSF, ICAP to hold conference today

BSF, ICAP to hold conference today

Business Support Fund (BSF) in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP) is holding a conference on "Market Opportunities for Consultants" in Karachi on November 4 (today). According to the BSF Marketing Manager, Fatima
Published 04 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Saarc Social Charter panel to review progress on MGDs

Saarc Social Charter panel to review progress on MGDs

The Saarc (South Asian Association for Regional Co-operation) body dealing with the national co-ordination to implement Saarc Social Charter will review progress made by member states to achieve the Millennium Development Goals (MDGs). The meeting will be
Published 04 Nov, 2008 12:00am
Ecnec meeting on Thursday

Ecnec meeting on Thursday

A meeting of Executive Committee of National Economic Council (ECNEC) would be held here on November 6 to review and approve various mega development projects worth billions.
Published 04 Nov, 2008 12:00am
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