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Print - 2008-11-08
Obama's election welcomed

Obama's election welcomed

Political parties here have congratulated US people for electing a black President for the first time in their history. PML-N vice president Javed Hashmi, congratulating the Barrack Obama on his landslide victory, expressed hope that under Obama the Unite
Published 08 Nov, 2008 12:00am
Dr Arbab, Bilour assume charge

Dr Arbab, Bilour assume charge

Two new federal ministers, Dr Arbab Alamgir Khan and Haji Ghulam Ahmad Bilour assumed the charges of the ministries of Communications and Pakistan Railways, respectively. Both the ministers have formally taken the charge of their ministries on Friday and
Published 08 Nov, 2008 12:00am
'Education, research can play vital role in nations' uplift'

'Education, research can play vital role in nations' uplift'

The Federal Minister for Environment Hameedullah Jan Afridi has said that education and research could play vital role for uplifting of nations and the universities are hub of the academic activities to generate and to spread new knowledge for the benefit
Published 08 Nov, 2008 12:00am
Communication ministry lacks coordination among officials

Communication ministry lacks coordination among officials

The performance of Communication Ministry is evident from the miscommunication among officials, as they were unable to properly convey the invitation to the media regarding press conference to be held in the concerned ministry on Friday. According to deta
Published 08 Nov, 2008 12:00am
National Assembly summoned on Monday

National Assembly summoned on Monday

The National Assembly has been summoned to meet in the Parliament House here on Monday evening at.3pm. The President in exercise of the powers conferred by clause (1) of Article 54 of the Constitution of the Islamic Republic of Pakistan, has summoned the
Published 08 Nov, 2008 12:00am
Interior Ministry directed to inform Dr Razzaq's whereabout

Interior Ministry directed to inform Dr Razzaq's whereabout

Islamabad High Court (IHC) on Friday directed Ministry of Interior to inform it within two weeks about the fate of Dr Abdur Razzaq who went missing from Railways Hospital. The single bench of Chief Justice Sardar Mohammad Aslam adjourned hearing of a writ
Published 08 Nov, 2008 12:00am
Effective measures directed to stop water theft

Effective measures directed to stop water theft

The Senior Punjab Minister, Raja Riaz Ahmad has directed the Irrigation Department and Punjab Irrigation and Drainage Authority (Pida) high-ups to take effective measures to stop water theft in liaison with the police and revenue department officials.
Published 08 Nov, 2008 12:00am
'Stern action to be taken against spurious drug makers'

'Stern action to be taken against spurious drug makers'

The Chairman Chief Minister Task Force on Spurious Drugs Dr Asad Ashraf has said that stern action would be taken against those who are producing substandard medicines and harming the pharmaceutical industry for their petty gains.
Published 08 Nov, 2008 12:00am
310 surgeries conducted at free eye camp

310 surgeries conducted at free eye camp

A team of eye specialists carried out check up of 980 eye patients besides conducting free operation of 310 patients at a three-day free medical camp held near Talagang, some 90 kilometres from the Federal Capital. The team set up free camp at Union Counc
Published 08 Nov, 2008 12:00am
Paramedics, nurses play vital role in healthcare system: Neelam

Paramedics, nurses play vital role in healthcare system: Neelam

Punjab Population Welfare Minister Neelam Jabbar Chaudhry has said that paramedics and nurses play vital role in provision of the healthcare facilities to the patients, therefore they are the backbone of our healthcare system.
Published 08 Nov, 2008 12:00am
Smeda seeks approval of projects worth Rs 504 million

Smeda seeks approval of projects worth Rs 504 million

The Small and Medium Enterprises Development Authority (Smeda) has sought approval of different projects worth Rs 504 million has identified projects amounting Rs 1713.95 million for strengthening of Small And Medium Enterprises (SMEs) of all important se
Published 08 Nov, 2008 12:00am
Death of girl due to dengue fever not confirmed

Death of girl due to dengue fever not confirmed

A spokesman of Health Department Punjab has said that it was not confirmed that 24-year girl, Imrana of National Town Sanda died due to dengue fever. According to the initial inquiry, the spokesman said that Imrana was brought to a private clinic due to s
Published 08 Nov, 2008 12:00am
Pakistan's viewpoint clearly conveyed to General Petraeus: Qureshi

Pakistan's viewpoint clearly conveyed to General Petraeus: Qureshi

'We have clearly conveyed Pakistan's viewpoint regarding the US drone attacks to General David Petrias,' the Foreign Minister, Makhdoom Shah Mehmood Qureshi said. He was talking to newsmen at Multan airport on his return from Dubai on Friday, he said that
Published 08 Nov, 2008 12:00am
'Expansion of cabinet to put undue burden on exchequer'

'Expansion of cabinet to put undue burden on exchequer'

The Pakistan Muslim League-Nawaz (PML-N) Secretary General International Affaires Sheikh Kaiser Mehmood has said that expansion of federal cabinet would put undue burden on national exchequer. Speaking at a meeting held here in connection with black day o
Published 08 Nov, 2008 12:00am
Four killed in firing

Four killed in firing

Four persons died and fifteen injured when some unknown persons opened indiscriminate firing on Shabir alias Shabar Gujar and others when they were on their way to home after attending a court. Police has registered a case and started investigation. Accor
Published 08 Nov, 2008 12:00am
PIAF-Founders Alliance rejects cut in business hours

PIAF-Founders Alliance rejects cut in business hours

Cut in business hours for markets and shopping malls will badly hit the overall economy of the country and instead of taking any such decision, the government should utilise all available resources to increase power generation.
Published 08 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Nov, 2008 12:00am
CCG demands immediate procurement of two million cotton bales

CCG demands immediate procurement of two million cotton bales

The Punjab Cotton Consultative Group (CCG) took stock of the 2008-09 cotton production here on Friday and demanded that Trading Corporation of Pakistan (TCP) should immediately start procurement of at least two million bales to stabilise phutti and lint p
Published 08 Nov, 2008 12:00am
Japan vows to extend full cooperation to LCCI

Japan vows to extend full cooperation to LCCI

Japanese Vice Minister for Trade and Industry, Kenji Knodo has promised to extend every co-operation to the Lahore Chamber of Commerce and Industry (LCCI) in all its future endeavours aimed at promoting business ties. He was addressing the inaugural cerem
Published 08 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
People want restoration of deposed judges: PML-N

People want restoration of deposed judges: PML-N

Pakistan Muslim League-Nawaz (PML-N) Central Secretary Finance Muhammad Pervez Malik has said the decision to reinstate government employees who were removed during the PML-N government with full financial benefits is wrong and unwise.
Published 08 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Nov, 2008 12:00am
Corps Commander visits exercise area

Corps Commander visits exercise area

Corps Commander, Lieutenant General Shahid Iqbal visited the exercise area near Kotri and urged the participating troops to train with utmost zeal in order to maintain edge over all adversaries. He was addressing the troops at the field firing and battle
Published 08 Nov, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Nov, 2008 12:00am
Export refinance facility not being misused: Ikhtair Baig

Export refinance facility not being misused: Ikhtair Baig

The Advisor to the Government of Pakistan on Textile Industry, Dr Mirza Ikhtair Baig has categorically denied that export refinance facility part II is being misused for investments other than exports.
Published 08 Nov, 2008 12:00am
Board meetings in progress

Board meetings in progress

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

Published 08 Nov, 2008 12:00am
ZTBL releases additional funds for wheat growers

ZTBL releases additional funds for wheat growers

The President, Zarai Taraqiati Bank Limited (ZTBL), Zaka Ashraf has instructed the bank authorities to release additional funds for boosting the government's initiative of driving 'Grow more wheat' campaign. Ashraf visited various areas of Punjab on Frida
Published 08 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Nov, 2008 12:00am
Polio virus may hit Pakistan this year

Polio virus may hit Pakistan this year

A total of 67 new polio cases have been reported positive in the country during the current year. Out of these 67 cases, some 16 were reported in Sindh, 22 in Punjab, 5 in Islamabad, 23 in NWFP and 01 in Balochistan, an official in the ministry of health
Published 08 Nov, 2008 12:00am
Guzara allowance scheme launched

Guzara allowance scheme launched

Guzara Allowance along with, some important schemes launched by Central Zakat Council in the interest of poor beneficiaries were discussed at length in a briefing to Noor-ul-Qadri, Minister for Zakat and Ushr here on Friday including Educational Stipends,
Published 08 Nov, 2008 12:00am
PAL to hold three-day moot on Mysticism next month

PAL to hold three-day moot on Mysticism next month

A 3-day international conference on Mysticism in Pakistan will be held in the 2nd half of December 2008. This was expressed by Fakhar Zaman, Chairman Pakistan Academy of Letters (PAL) while giving a briefing about Academy's future plan.
Published 08 Nov, 2008 12:00am
Fake medicines: inadequate laws giving free hands to counterfeiters

Fake medicines: inadequate laws giving free hands to counterfeiters

Incomplete laws over warranty passing of drugs and counterfeit medicine, insufficient infrastructure to catch the killers of the humanity, giving the free hands to the counterfeiters who by selling counterfeit medicine of worth billion rupees, playing wit
Published 08 Nov, 2008 12:00am
Meenai takes over charge of commander Karachi

Meenai takes over charge of commander Karachi

Vice Admiral Saleem Ahmed Meenai has taken over the charge of Commander Karachi. In capacity of Commander Karachi, the Admiral would be in charge of all Naval Commands and units ashore at Karachi. Vice Admiral Saleem Ahmed Meenai was commissioned on 1st D
Published 08 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
'UBLFM to safeguard its investors' interests'

'UBLFM to safeguard its investors' interests'

The Security and Exchange Commission Pakistan (SECP) passed a directive on November 5, 2008, according to which all the debt securities including Term Finance Certificates (TFC's) Sukuks of all Asset Management Companies are to be valued downwards based o
Published 08 Nov, 2008 12:00am
Wheat to be sown over 17 million acres in Punjab: Aulakh

Wheat to be sown over 17 million acres in Punjab: Aulakh

Punjab Minister for Agriculture Malik Ahmed Ali Aulakh has underlined the need for more production of wheat crop, saying various schemes for the welfare of growers have been launched by the department under Agriculture Development Programme in the provinc
Published 08 Nov, 2008 12:00am
UN delivers food to 20,000 quake victims in Balochistan

UN delivers food to 20,000 quake victims in Balochistan

The World Food Programme (WFP) has begun distributing food for up to 20,000 survivors of the deadly earthquake that struck Pakistan's Balochistan province late last month, a UN press release said on Thursday. In the hardest-hit district of Ziarat, the age
Published 08 Nov, 2008 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

Falling trend was seen on the currency market on Friday due to strong demand for dollars, moneychangers said. On the interbank market the rupee dropped by 20 paisa in terms of dollar for buying at 81.20 and it also fell by 15 paisa for selling at 81.25, t
Published 08 Nov, 2008 12:00am
Punjab government sends relief goods to Balochistan for quake victims

Punjab government sends relief goods to Balochistan for quake victims

Provincial Minister Auqaf Punjab, Haji Ehsan Uddin Qureshi and DCO Fazeel Asghar on the instruction of Chief Minister Punjab, Mian Shahbaz Sharif have sent two bogies of relief goods containing eatables and other daily used items to Balochistan for victim
Published 08 Nov, 2008 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

Falling trend was seen on the currency market on Friday due to strong demand for dollars, moneychangers said. On the interbank market the rupee dropped by 20 paisa in terms of dollar for buying at 81.20 and it also fell by 15 paisa for selling at 81.25, t
Published 08 Nov, 2008 12:00am
Pakistan cannot afford heavy cabinet: Khosa

Pakistan cannot afford heavy cabinet: Khosa

Former Punjab governor and president of PML-N Sardar Zulfikar Ali Khan Khosa has said that Pakistan was economically a sinking vessel which cannot afford an extra burden of 56 ministers and we cannot afford a heavy cabinet.
Published 08 Nov, 2008 12:00am
PML-N distributes BBISP forms to party supporters

PML-N distributes BBISP forms to party supporters

The Pakistan Muslim League (PML-N) MNAs, Multan division, have distributed the Benazir Bhutto Income Support Programme's (BBISP) forms among their party supporters instead of deserving people to enhance their vote bank, sources said. Round about 8,000 for
Published 08 Nov, 2008 12:00am
PML-Q hails PPP decision

PML-Q hails PPP decision

Chaudhry Zaheer-ud-Din Leader of Opposition in Punjab Assembly here on Saturday has appreciated PPP for not giving ministries to PML-Q Forward Group turncoats. He said this trend would promote democracy and shun negativism. He also asked PML-N circles to
Published 08 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
PML-Q gives due respect to workers: Elahi

PML-Q gives due respect to workers: Elahi

Pakistan Muslim League-Q Central Leader Chaudhry Pervaiz Elahi on Friday said that dedicated workers are real asset of any political party while the PML-Q gives due respect to its workers. He said this while talking to family members of late Hasan Akhter
Published 08 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
CPP opposes continuation of privatisation policy

CPP opposes continuation of privatisation policy

Communist Party of Pakistan (CPP) has opposed the continuation of privatisation policy, which according to it was in violation of the philosophy of Quaid-e-Awam Zulfikar Ali Bhutto and said that every Pakistani must be having a sense of satisfaction on as
Published 08 Nov, 2008 12:00am
Pak-US Business Council greets Obama

Pak-US Business Council greets Obama

Pak-US Business Council has extended felicitation to US President-elect Barack Obama on his "historic victory" in the race to White House, and stressed free market access to Pak products. Founder Chairman Pak-US Business Council, Vice President Saarc Cham
Published 08 Nov, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
ASF introduces BRC professionals in agribusiness sector

ASF introduces BRC professionals in agribusiness sector

Agri-business Support Fund (ASF) has successfully produced British Retail Consortium (BRC)) professionals in the agribusiness sector of Pakistan. This is a unique initiative, undertaken for the first time in Pakistan, keeping in view the growing demand by
Published 08 Nov, 2008 12:00am
MCCI rejects Rs 1.2 billion textile package

MCCI rejects Rs 1.2 billion textile package

The Multan Chambers of Commerce and Industry (MCCI) has rejected the textile package, recently approved by the government, describing it as 'disappointing'.
Published 08 Nov, 2008 12:00am
PTUDC stages demonstration

PTUDC stages demonstration

Pakistan Trade Union Defence Campaign (PTUDC), on Friday observed the "Bolshevik revolution" anniversary and staged a demonstration at Chowk Kutchery as a protest against load shedding, dearness, unemployment and privatisation. A large number of workers o
Published 08 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
Labour minister calls on chief minister

Labour minister calls on chief minister

Provincial Minister for Labour, Sher Azam Wazir on Friday called on Chief Minister NWFP Ameer Haider Khan Hoti and exchanged views with him on the proposed uplift schemes for PF-71 Bannu besides discussing various problems confronting the province.
Published 08 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
PAF fleet carries relief goods to Quetta

PAF fleet carries relief goods to Quetta

Pakistan Air Force C-130 transport fleet is carrying relief goods from different bases to Quetta through, day and night operations, since parts of Balochistan struck by deadly earthquake. According to a news release from Directorate of PAF's Public Relati
Published 08 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 07, 2008).

Published 08 Nov, 2008 12:00am
Talha for reducing petroleum prices

Talha for reducing petroleum prices

Chairman Senate Standing Committee on Interior Senator Talha Mehmood stressed the need for reducing petroleum prices, which registered record low in the international market. Oil prices have slipped to less than US $58 per barrel that was the lowest level
Published 08 Nov, 2008 12:00am
Musharraf plane firing case hearing today

Musharraf plane firing case hearing today

Anti Terrorist Court (ATC) will resume hearing of firing on former President Musharraf's plane case here on Saturday. Judge ATC No 1 Habib-ur-Rehman had directed the SHO Police Station Banni during the last hearing to submit the challan of the case on Nov
Published 08 Nov, 2008 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 08 Nov, 2008 12:00am
Patwari, Munshi arrested on bribe charges

Patwari, Munshi arrested on bribe charges

Anti Corruption Authorities, in a trap raid, have arrested a 'patwari' and his 'munshi' red-handed for taking gratification and sent them to jail on judicial remand. According to a spokesperson of Anti Corruption Establishment (ACE) here on Friday.
Published 08 Nov, 2008 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 08 Nov, 2008 12:00am
International community urged to support Pakistan

International community urged to support Pakistan

A British member of Parliament has urged the international community to come forward and extend complete support to Pakistan in overcoming its present difficulties. Speaking at the House of Commons debate last evening, Paul Goodman, the Opposition Conserv
Published 08 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 08 Nov, 2008 12:00am
Asian bond spreads widen despite global rate cuts

Asian bond spreads widen despite global rate cuts

Asian bond spreads widened on Friday amid concerns about a deep slowdown in the global economy, despite hefty interest rate cuts by central banks world-wide. Weak corporate outlooks, bleak US retail sales data, and an International Monetary Fund forecast
Published 08 Nov, 2008 12:00am
Friday's mid-afternoon trade: Wall Street buoyed by search for bargains

Friday's mid-afternoon trade: Wall Street buoyed by search for bargains

US stocks rose on Friday after two days of sharp losses as investors scooped up beaten-down shares, including energy and technology, and brushed aside signs of a worsening economy. Although a government report showed US employers cut payrolls by 240,000 i
Published 08 Nov, 2008 12:00am
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