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Print - 2008-11-04
Cabinet expansion will burden national exchequer: PML-N

Cabinet expansion will burden national exchequer: PML-N

The Central Secretary Finance, Pakistan Muslim League-Nawaz (PML-N), Muhammad Pervez Malik has said that the expansion of federal cabinet would put undue burden on national exchequer. While addressing a party meeting on Monday, Malik said, 'Country is alr
Published 04 Nov, 2008 12:00am
Missile strikes tarnishing US image: Mukhtar

Missile strikes tarnishing US image: Mukhtar

Pakistan has forcefully pleaded that frequent missile strikes in tribal areas are tarnishing American image and fuelling anti-US sentiments among the people. Defence Minister Chaudhry Ahmed Mukhtar told the visiting American officials that frequent missil
Published 04 Nov, 2008 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rates of the rupee moved both ways on the currency market on Monday in process of trading, currency experts said. The rupee lost 30 paisa in relation to dollar for buying and selling at 81.00 and 81.10, they said.
Published 04 Nov, 2008 12:00am
General Petraeus calls on Gilani

General Petraeus calls on Gilani

Visiting Commander of the United States Central Command General David Petraeus has called on Prime Minister Syed Yousuf Raza Gilani at the Prime Minister's House here on Monday. US Assistant Secretary of State for South and Central Asian Affairs Richard B
Published 04 Nov, 2008 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rates of the rupee moved both ways on the currency market on Monday in process of trading, currency experts said. The rupee lost 30 paisa in relation to dollar for buying and selling at 81.00 and 81.10, they said.
Published 04 Nov, 2008 12:00am
PC constitutes task force for improving social sector

PC constitutes task force for improving social sector

Deputy Chairman Planning Commission, M. Salman Faruqui has constituted a Task Force on social sector comprising eminent specialists in the relevant fields. According to a statement of the Planning Commission issued here on Sunday, the task force will prep
Published 04 Nov, 2008 12:00am
Lok Boli Mela from November 21

Lok Boli Mela from November 21

The fourth Punjab Lok Boli Mela will be held from 21st to 25th November 2008 at Jaranwala, district Faisalabad. The mother language festival is organised to celebrate diverse and rich language and culture of the Punjab.
Published 04 Nov, 2008 12:00am
Vehari may achieve wheat sowing target

Vehari may achieve wheat sowing target

The district will be able to achieve the target of wheat sowing this season largely due to the vigorous drive launched by agriculture department, availability of water and the incentive of handsome support rate of the golden grain.
Published 04 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Ministry to probe distribution of wrong CDs to pilgrims

Ministry to probe distribution of wrong CDs to pilgrims

Federal Minister for Religious Affairs Allama Hamid Saeed Kazmi has assured that the facts regarding distribution of wrong CDs to pilgrims would be made public. A complaint was received that some of the CDs, which were distributed among pilgrims in Haji c
Published 04 Nov, 2008 12:00am
Move to tax agriculture sector criticised

Move to tax agriculture sector criticised

The President of Mango Growers Association Pakistan, Zahid Hussain Gardezi, has said that the Government of Pakistan is genuinely concerned over falling foreign exchange reserves in the country.
Published 04 Nov, 2008 12:00am
Action against sugar mill owners demanded

Action against sugar mill owners demanded

Pakistan Labour Party (PLP) central spokesman Farooq Tariq, Kamalia Sugar Mills Ittefaq Workers Union president Rana Iftikhar and district PLP secretary Tariq Mahmood have claimed that the new management of the mills has not paid arrears of Rs 70 million
Published 04 Nov, 2008 12:00am
MCCI expresses concern over closure of industrial units

MCCI expresses concern over closure of industrial units

The Multan Chamber of Commerce and Industry (MCCI), President, Khawaja Muhammad Jalaluddin Roomi has expressed his concern over the continuous load shedding of electricity in textile sector, Multan region said that instructions of Pakistan Electric Power
Published 04 Nov, 2008 12:00am
PMA hails increase in doctors' salaries, stipend

PMA hails increase in doctors' salaries, stipend

Pakistan Medical Association (PMA) Multan chapter has welcomed the Chief Minister Punjab's announcement regarding enhancing the remuneration of Post graduate doctors, house officers to Rs 22,500 and Rs 18,000 respectively. However PMA demanded fixation of
Published 04 Nov, 2008 12:00am
Walking reduces risk of diabetes

Walking reduces risk of diabetes

Physical activity, such as walking to work, can lower the risk of developing type-2 diabetes. Regular exercise, such as brisk walking, is one way to cut the risk of type 2 diabetes, a disease closely associated with obesity.
Published 04 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Nov, 2008 12:00am
Excessive computer use affects eyes: experts

Excessive computer use affects eyes: experts

Too much of viewing the world through a computer may not be that good for your own eyes, warn experts after reviewing eye-related complaints that they get these days. Doctors suggested that excessive exposure to the computer monitor affects eyes in many w
Published 04 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Nov, 2008 12:00am
Tandoor owners deny earning profit from subsidised flour roti

Tandoor owners deny earning profit from subsidised flour roti

Tandoorwalas have dispelled the impression of food department that they were earning profit of 21 paisa per roti, and said that the Food Department did not deduct the gas utilised in the 'Tandoors' and claimed that they are hardly earning paisas 5 to 7 pa
Published 04 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Korean film festival

Korean film festival

A two-day Korean film festival will start at Pakistan National Council of Arts (PNCA) from November 5 as a part of serial events to commemorate the Silver Jubilee of Korea-Pakistan diplomatic ties. In the past, the Korean embassy presented variety of Kore
Published 04 Nov, 2008 12:00am
Lawyers observe 'black day'

Lawyers observe 'black day'

The lawyer community observed 'Black Day' on Monday across the Faisalabad division as a mark of protest against the action by former president Pervez Musharraf on November 3, 2007. Members of district bar association took out a protest rally in industrial
Published 04 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Nov, 2008 12:00am
Proposed cut in gas supply during winter worries textile millers

Proposed cut in gas supply during winter worries textile millers

The proposed shortage of Sui gas during the winter season has worried the textile millers, who feared further shutdowns. The Sui Northern Gas Company Limited (SNGPL) is likely to start cutting its supply to commercial and domestic consumers in December.
Published 04 Nov, 2008 12:00am
Comprehensive strategy needed to overcome power shortage: Shahbaz

Comprehensive strategy needed to overcome power shortage: Shahbaz

'A comprehensive strategy will have to be evolved to overcome power shortage and short-term and long-term planning will have to be made for the permanent solution of this problem,' Punjab Chief Minister, Mian Muhammad Shahbaz Sharif said.
Published 04 Nov, 2008 12:00am
HRCP calls for urgent solution to GCU crisis

HRCP calls for urgent solution to GCU crisis

The Human Rights Commission of Pakistan (HRCP) on Monday said that there should be an immediate solution to the current dispute between the administration of Government College University (GCU) and students due to filing of cases against two students unde
Published 04 Nov, 2008 12:00am
Sumaira's activities against party interest: PML-Q

Sumaira's activities against party interest: PML-Q

Pakistan Muslim League-Q Punjab women's wing president Shahana Farooqi said on Monday that Sumaira Malik has been sacked from the party due to her activities which were against the interests of the party.
Published 04 Nov, 2008 12:00am
Overseas Pakistanis observe black day

Overseas Pakistanis observe black day

Overseas Pakistanis showed their solidarity with the lawyers' movement observed 'black day' on November 3 to support the struggle for independence of judiciary, Secretary General, Pakistan Muslim League- Nawaz (PML-N) Saudi Arabia, Chaudhry Saeed Ahmad Ju
Published 04 Nov, 2008 12:00am
PML-N expresses solidarity with lawyers' movement

PML-N expresses solidarity with lawyers' movement

The PML-N participated in a big way in the November 3 protests to mark the sacking of several superior court judges by Pervez Musharraf a year ago and their non-restoration by the PPP government. Pakistan Muslim League-Nawaz expressed solidarity with the
Published 04 Nov, 2008 12:00am
PML-N wants Musharraf's trial

PML-N wants Musharraf's trial

Speakers at a rally organised by Pakistan Muslim League-Nawaz (PML-N) here on Monday vowed to continue the movement till the restoration of judiciary as on November 2, 2007 position in accordance with Murree Declaration and reinstatement of Iftikhar Muham
Published 04 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
CHEC gets Rs 10.2 billion PQA channel deepening contract

CHEC gets Rs 10.2 billion PQA channel deepening contract

The Board of Directors, Port Qasim Authority (PQA), after a months-long uncertain situation, has decided to award the Rs 10.2 billion self-financed dredging contract to the Chinese firm, China Harbour Engineering Company (CHEC), which had offered lowest b
Published 04 Nov, 2008 12:00am
'Meezan Mahana Kharch Account' launched

'Meezan Mahana Kharch Account' launched

Al Meezan Investments announced the launch of its new product, a monthly income plan--Meezan Mahana Kharch Account. This plan will facilitate investors of Meezan Islamic Income Fund (MIIF) in achieving their requirement of additional regular income on mon
Published 04 Nov, 2008 12:00am
Saddar GPO staffers fleecing people

Saddar GPO staffers fleecing people

Staffers at Saddar General Post Office (GPO) are charging from the people with at least Rs 30 for posting parcels under different fictitious heads, most prominently, the packing charges, Business Recorder learnt on Monday. Those staffers, who are i
Published 04 Nov, 2008 12:00am
Students facing hardships in changing colleges

Students facing hardships in changing colleges

Students of class XI are facing severe hardships in changing their colleges due to long distances and studies problems in different colleges of the city. The parents and students, standing outside the office of Director-General, Colleges (DGC), Sindh, tol
Published 04 Nov, 2008 12:00am
167 contract employees of Sindh education department regularised

167 contract employees of Sindh education department regularised

Sindh government has regularised the services of 167 contract employees working as a computer teacher and laboratory in-charge in the newly established laboratories at different schools and colleges, across the province. Out of 167, some 154 are the Infor
Published 04 Nov, 2008 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Fireworks unlikely in FPCCI elections this time

Fireworks unlikely in FPCCI elections this time

The fireworks and bickering, usually witnessed during the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) elections, would be missing this time. The election for the two-year tenure of office-bearers is due in December and, for all intent
Published 04 Nov, 2008 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
SSC and JBL sign agreement

SSC and JBL sign agreement

Service Sales Corporation (SSC) - Pakistan's leading retail and wholesale company and marketer of Service brand - signed an agreement with Jaffer Brothers (Private) Limited (JBL) under which JBS will provide hardware, maintenance, and service support to S
Published 04 Nov, 2008 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
First Data opens office

First Data opens office

First Data, a global leader in electronic commerce and payment services, on Monday announced the opening of an office in Karachi and the appointment of Khurram Gul Agha as its country manager. Entry into the fast growing Pakistan's market reflects First D
Published 04 Nov, 2008 12:00am
KW&SB awaits restoration of power supply

KW&SB awaits restoration of power supply

The Karachi Water and Sewerage Board (KW&SB) is facing worst financial crunch as its supply of electricity that was cut on October 21, has not been restored yet while pending salaries of over 11000 employees have added to its constraint. Official sources
Published 04 Nov, 2008 12:00am
PSO marketing conference held to review performance

PSO marketing conference held to review performance

PSO's marketing conference was held here on Monday and was attended by the senior management of the company along with divisional managers, departmental heads, field staff and senior field staff. The objective of this yearly conference was to review the t
Published 04 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Pharmaceutical companies raise prices up to 143 percent

Pharmaceutical companies raise prices up to 143 percent

After repeated requisitions for increasing medicines prices, which was not accepted by the government, over 20 local pharmaceutical companies have arbitrarily increased the prices of essential medicines upto 143 percent. The maximum increase of 143 percen
Published 04 Nov, 2008 12:00am
Opposition slams Cabinet expansion

Opposition slams Cabinet expansion

The opposition on Monday criticising the Cabinet expansion said the country was facing severe financial crisis, and there was no need to induct more ministers into the Cabinet. The PPP-led coalition government inducted 40 new Cabinet members which invited
Published 04 Nov, 2008 12:00am
KASB announces interim dividend distribution

KASB announces interim dividend distribution

KASB Funds Limited, the Management Company of KASB Liquid Fund (KLF) and KASB Islamic Income Fund (KIIF) is pleased to announce an interim dividend distribution of PKR 3.00 per unit (Par PKR 100) for KLF and PKR 3.00 per unit (Par PKR 100) for KIIF.
Published 04 Nov, 2008 12:00am
KASB announces interim dividend distribution

KASB announces interim dividend distribution

KASB Funds Limited, the Management Company of KASB Liquid Fund (KLF) and KASB Islamic Income Fund (KIIF) is pleased to announce an interim dividend distribution of PKR 3.00 per unit (Par PKR 100) for KLF and PKR 3.00 per unit (Par PKR 100) for KIIF.
Published 04 Nov, 2008 12:00am
Systems Limited participates in GITEX-2008

Systems Limited participates in GITEX-2008

Pakistan's first and the largest state-of-the-art software house, Systems Limited participated in the Gulf Information Technology Exhibition (GITEX)-2008 held at the World Trade Center U.A.E recently.
Published 04 Nov, 2008 12:00am
High achievers awarded by AKU-EB

High achievers awarded by AKU-EB

The Aga Khan University Examination Board (AKU-EB) presented awards to the top position holders from the Secondary School Certificate (SSC) Part One, SSC Composite and Higher Secondary School Certificate (HSSC) Part One Examinations from across Pakistan.
Published 04 Nov, 2008 12:00am
Latif Chaudhary proposed as PSRMA chief

Latif Chaudhary proposed as PSRMA chief

Muhammad Latif Chaudhary has been proposed as chairman of The Pakistan Steel Re-Rolling Mills' Association (PSRMA) for the year 2008-2009. The decision was announced in general body meeting of PSRMA at a local hotel, which was presided by outgoing Vice-ch
Published 04 Nov, 2008 12:00am
Supreme Court and HC judges donate one-day salary for quake victims

Supreme Court and HC judges donate one-day salary for quake victims

Chief Justice Abdul Hameed Dogar and judges of the Supreme Court as well as the Chief Justices and Judges of all the high courts have donated their one-day salary in the relief fund established by the government of Pakistan for the rehabilitation of earth
Published 04 Nov, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (November 03, 2008).

Published 04 Nov, 2008 12:00am
Sindh University pre-entry test results announced

Sindh University pre-entry test results announced

Sindh University Jamshoro, has notified and displayed results of Pre entry test conducted on Sunday on University website, for admissions to all disciplines under Bachelors Degree program for academic session 2009. The University has also notified names o
Published 04 Nov, 2008 12:00am
Prize distribution of DHA Junior Model school held

Prize distribution of DHA Junior Model school held

The annual prize distribution function of DHA Junior Model School Sea Breeze was held here on Monday. Brigadier Iftikhar Arshad Khan (Retd), Director Education DHA was the chief guest on the occasion. He said that education plays a vital role in intellect
Published 04 Nov, 2008 12:00am
LPG prices reduced

LPG prices reduced

Lub Gas and Mehran LPG have reduced the prices liquefied petroleum (LPG) prices by between Rs 20 and Rs 30 per 11.8 kilograms cylinder respectively in different parts of the country. The new price, effective from Monday, will help stabilise the retail pri
Published 04 Nov, 2008 12:00am
LHCBA asks government to try Musharraf for treason: lawyers stage sit-in

LHCBA asks government to try Musharraf for treason: lawyers stage sit-in

The Lahore High Court Bar Association (LHCBA) has asked the government to try former president Pervez Musharraf for treason. The bar in its meeting passed a resolution unanimously and took out rally after general house meeting and stages sit-in before the
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
Admissions in law colleges announced

Admissions in law colleges announced

Sindh University Jamshoro, has decided to open admissions in LL.B Part-I, Part-II and Part-III in affiliated law colleges for new session from November, 05. In this connection a high level meeting of the law colleges affiliated with the Sindh University h
Published 04 Nov, 2008 12:00am
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