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Print - 2008-11-11
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Gold rises four percent in London

Gold rises four percent in London

Gold rose more than 4 percent on Monday as dollar weakness and sharp gains across commodities sharpened appetite for the precious metal, but retreated from highs as the dollar recovered some lost ground against the euro.
Published 11 Nov, 2008 12:00am
US MIDDAY: coffee, cocoa rally

US MIDDAY: coffee, cocoa rally

Arabica coffee and US cocoa futures rose in a broad rally on Monday as soft commodity investors reacted to China's $600 billion economic stimulus plan that was expected to renew demand for raw materials, traders said. Arabica coffee for December delivery
Published 11 Nov, 2008 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures on all three US exchanges turned lower early on Monday after a firmer open, pressured by USDA increasing its 2008/09 world supply estimate, traders said. Chicago Board of Trade December wheat was down 9-1/2 cents at $5.11-1/2 a bushel by 9:5
Published 11 Nov, 2008 12:00am
US MIDDAY: soya, corn rise

US MIDDAY: soya, corn rise

Chicago Board of Trade corn and soyabeans climbed early Monday, supported by China's stimulus plan to shore up the world's fourth largest economy, traders said. USDA's monthly crop data issued before the open was viewed as neutral. November soyabeans were
Published 11 Nov, 2008 12:00am
US MIDDAY: copper rallies

US MIDDAY: copper rallies

US copper futures climbed more than 10 percent early Monday on the back of a weaker dollar and a multibillion dollar economic stimulus package in China, the world's leading metals consumer. Copper for December delivery surged 14.50 cents, or 8.5 percent,
Published 11 Nov, 2008 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

US gold futures rose more than 2 percent on Monday, rising above $760 an ounce, as China's government spending stimulus plan triggered a broad-based commodity rally and stirred inflation worries. December gold was up $18.90, or 2.6 percent, at $753.10 an
Published 11 Nov, 2008 12:00am
Transfers, postings in Punjab Auqaf department

Transfers, postings in Punjab Auqaf department

Punjab Auqaf and Religious Affairs Secretary Khizar Hayat Gondal has notified the transfers and postings of department officials on the recommendations of the promotion committee. Manager Auqaf Rawalpindi Raja Muhammad Nawaz has been transferred and poste
Published 11 Nov, 2008 12:00am
India bars 23 Kashmiris from performing Haj

India bars 23 Kashmiris from performing Haj

Indian authorities have disallowed 23 people to perform Haj by not issuing their visas, in occupied Kashmir. The police intelligence, CID, has not yet cleared the names of 23 Haj aspirants to undertake the holy pilgrimage. Haji Abdul Rashid Mir, chief exe
Published 11 Nov, 2008 12:00am
Tour de Pakistan cycle race from November 16

Tour de Pakistan cycle race from November 16

Tour de Pakistan international cycle race will begin from November 16 in Karachi with the participation of 13 teams including four from foreign countries. Organising secretary of the cycle race, Idrees Haider Khawja said this while talking to APP here on
Published 11 Nov, 2008 12:00am
Electricity conservation

Electricity conservation

The experiment of electricity saving by reversing the clock by one hour from May 01, to October 31, 2008 during the summer season has miserably failed. There were no signs of electricity savings as the public continued to suffer long hours load shedding d
Published 11 Nov, 2008 12:00am
Sasta Tandoor

Sasta Tandoor

Of late, a steep rise in the price of essential commodities has made the life of a poor Pakistani miserable. When the poor finds it impossible to make both ends meet, he reacts either by self-immolation or resorts to committing suicide along with his smal
Published 11 Nov, 2008 12:00am
Agreeing to disagree

Agreeing to disagree

Last Saturday, President Asif Ali Zardari had Nawaz Sharif for a dinner, variously described as merely a social affair having little political significance and also as the 'coming together' of two erstwhile allies who having won the battle against the dee
Published 11 Nov, 2008 12:00am
Crackdown against money changers

Crackdown against money changers

The Federal Investigation Agency (FIA), under the tutelage of Advisor to the Prime Minister on Interior, Rehman Malik, created headline news when, over the weekend, it paraded a handcuffed director of a well known registered money exchange company in fron
Published 11 Nov, 2008 12:00am
Shahbaz orders Rs 14.35 billion road construction projects for Lahore

Shahbaz orders Rs 14.35 billion road construction projects for Lahore

On the special directives of Punjab Chief Minister Mian Muhammad Shahbaz Sharif, Lahore Development Authority (LDA) and its subordinate agency TEPA has commenced work on different road construction projects under 'Lahore Road Rehabilitation Programme Phas
Published 11 Nov, 2008 12:00am
'Nato attacks hurt confidence of investors'

'Nato attacks hurt confidence of investors'

The PIAF-Founders Alliance while expressing grave concern over Nato air-strikes in tribal areas said that the attacks are hitting the country's economy badly as no investor is ready to put his money in any new venture. The economy could be backed on track
Published 11 Nov, 2008 12:00am
Qureshi leaves for US to attend inter-faith moot

Qureshi leaves for US to attend inter-faith moot

Foreign Minister Shah Mehmood Qureshi left for the United States on Monday to attend the International Inter-faith Conference to be held in the second week of November. Before leaving for Washington, talking to reporters, Qureshi said Saudi King Abdullah
Published 11 Nov, 2008 12:00am
Zardari to attend UNGA session in New York on November 12

Zardari to attend UNGA session in New York on November 12

President Asif Ali Zardari will participate in the high-level session of UN General Assembly (UNGA) on 'Culture of Peace' in New York on November 12-13, Foreign Office said on Monday. The high-level session is being held at the initiative of the Custodian
Published 11 Nov, 2008 12:00am
P&D department directed to delete street soiling, drainage schemes

P&D department directed to delete street soiling, drainage schemes

Punjab government has instructed its Planning & Development (P&D) department to delete all schemes relating to street soling and drainage filed by the members of provincial assembly for the fiscal year 2008-09, sources close to the provincial government s
Published 11 Nov, 2008 12:00am
Sikh Yatrees arrive to attend Guru Nanak birth anniversary

Sikh Yatrees arrive to attend Guru Nanak birth anniversary

A group of 169 Sikh Yatrees on a PIA flight PK-758 aircraft arrived here on Monday from London to attend the 540th Birth Anniversary of Baba Guru Nanak. According to a PIA's spokesman the Yatrees were offered flowers and bouquet and given a warm welcome b
Published 11 Nov, 2008 12:00am
RS donates shelter boxes to quake victims

RS donates shelter boxes to quake victims

Rotary ShelterBox (RS) has donated some 1,000 shelter boxes, including winterised tents, for the affectees of Balochistan earthquake, said a press release on Monday. It said each shelter box contains a winterised tent, blankets, water purification bottles
Published 11 Nov, 2008 12:00am
AIF revalues portfolio of debt securities

AIF revalues portfolio of debt securities

In accordance with the Securities and Exchange Commission of Pakistan's (SECP) circular dated November 5 to all Asset Management Companies, Atlas; Income Fund (AIF) has revalued its portfolio of debt securities. The revaluation has resulted in a downward
Published 11 Nov, 2008 12:00am
FBR preparing plan for speedy refund of Sales Tax

FBR preparing plan for speedy refund of Sales Tax

The Federal Board of Revenue (FBR) is chalking out a comprehensive plan for speedy payment of sales tax refunds to the registered taxpayers. However, it is under consideration to conduct audit of those sales tax refund claims in which manual overruling of
Published 11 Nov, 2008 12:00am
Minfal launches training programme

Minfal launches training programme

Ministry of Food & Agriculture on Monday launched its training capacity programme under the auspices of Agribusiness Development & Diversification Project.
Published 11 Nov, 2008 12:00am
CDA to clamp down on residential houses used for commercial purposes

CDA to clamp down on residential houses used for commercial purposes

The Capital Development Authority (CDA) has decided to take strict action against people using residential houses for commercial purposes. The decision was taken in a meeting here on Monday, presided over by CDA Chairman Tariq Mehmood Khan and attended by
Published 11 Nov, 2008 12:00am
Beaconhouse holds annual fun sports

Beaconhouse holds annual fun sports

TNS Beaconhouse, held its annual fun sports at Defence Housing Authority (DHA) stadium. The children took part in range of fun and competitive races such as the sack race, the frog race, big feet, the relay race, the sprint and others. Medals, cups and pr
Published 11 Nov, 2008 12:00am
Punjab University team reaches final round of debate contest

Punjab University team reaches final round of debate contest

The debate team of Punjab University has qualified for the final round of 'Allma Iqbal Shield 2008 (English and Urdu) contest'. The event is being organised by the Higher Education Commission (HEC). The semi-final round held in the auditorium of the Unive
Published 11 Nov, 2008 12:00am
Four PN abandoned moorings hinder operation of liquid cargo terminal

Four PN abandoned moorings hinder operation of liquid cargo terminal

At least four moorings, abandoned by Pakistan Navy (PN) over a decade ago, in 1994, had been hindering operation of a $5 million liquid cargo terminal at Port Qasim for the last one year, Business Recorder learnt on Sunday. However, according to so
Published 11 Nov, 2008 12:00am
PSO, Cupola sign MoU for establishing KFC outlets

PSO, Cupola sign MoU for establishing KFC outlets

PSO, being globally acclaimed for its "series of firsts", has once again lived up to its corporate image of being the trend-setter in every facet of the business. The nation's flagship entity has now entered into a strategic alliance with M/s. Cupola Paki
Published 11 Nov, 2008 12:00am
KCCI elections: 50 nominations filed against 30 vacant seats

KCCI elections: 50 nominations filed against 30 vacant seats

On the first day of filing nomination papers, the election committee of Karachi Chamber of Commerce and Industry (KCCI) has received 50 submissions against 30 vacant seats of managing committee of KCCI. All of the 30 nominations were filed from Businessme
Published 11 Nov, 2008 12:00am
Three-day workshop for air hostesses, stewards started

Three-day workshop for air hostesses, stewards started

The Punjab Emergency Service (Rescue 1122) has started three-day workshop for air hostess and stewards to create awareness regarding effective management of emergencies in case of any unforeseen. Forty air hostess and stewards of PIA participated in this
Published 11 Nov, 2008 12:00am
Qadirpur gas field privatisation termed big blow to nation

Qadirpur gas field privatisation termed big blow to nation

Terming the privatisation of Qadirpur gas field as a big blow to nation, naib ameer, Jamat-e-Islami (JI) Liaqat Baloch said that JI has convened All Parties Conference (APC) to avert the privatisation move of gas field.
Published 11 Nov, 2008 12:00am
The Weather

The Weather

The weather report on Monday (November 10, 2008) and the forecast for Tuesday (November 11, 2008).

Published 11 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 11 Nov, 2008 12:00am
Kundi lauds German support in uplift projects

Kundi lauds German support in uplift projects

Deputy Speaker of the National Assembly Faisal Karim Kundi has lauded the support provided by Germany in various development projects, and expressed the hope that German government will continue to support Pakistan in its hour of need.
Published 11 Nov, 2008 12:00am
National Assembly session adjourned to mourn death of MNA

National Assembly session adjourned to mourn death of MNA

The Speaker National Assembly Dr Fehmida Mirza on Monday adjourned the first sitting of the House to mourn the death of MNA Abdul Matin Khan after offering fateha for the departed soul. Soon after the recitation from the Holy Quran, fateha was offered for
Published 11 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Nov, 2008 12:00am
Founder member of PPP Zubaida dies

Founder member of PPP Zubaida dies

A founder member of PPP and President of PPP (Human Rights wing) Punjab Begum Zubaida Khatoon Khokhar has died in Nishtar Hospital Multan on Monday morning. She met a road accident last week when coming back from Faisalabad alongwith other leaders of PPP
Published 11 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
570 educators to be appointed in Multan

570 educators to be appointed in Multan

DCO Fazeel Asghar has said that 570 educators would be appointed in district Multan very soon. He was addressing the meeting of the District Monitoring Committee for education here on Monday. Fazeel Asghar said that provision of basic facilities including
Published 11 Nov, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (November 10, 2008)and for Tuesday (November 11, 2008).
Published 11 Nov, 2008 12:00am
Government wants to remove flaws from local government system: minister

Government wants to remove flaws from local government system: minister

Punjab Local Government Minister Dost Muhammad Khosa has said that the provincial government does not want to eliminate the existing local government system, rather it wants to remove flaws to make the local government system accountable and efficient.
Published 11 Nov, 2008 12:00am
NGOs projecting issues through two-way liaison

NGOs projecting issues through two-way liaison

A forum with a countrywide network of over 30 welfare organisation under its umbrella is working with the aim to promote liaison between elected public representatives and the people of the constituency they represent, so that local needs and issues are b
Published 11 Nov, 2008 12:00am
'Independent Human Rights Commission soon'

'Independent Human Rights Commission soon'

Federal Minister for Human Rights, Syed Mumtaz Alam Gilani, on Monday said that an independent Human Rights Commission would be established to check human rights' violations in the country. "The commission will work at divisional, district and tehsil leve
Published 11 Nov, 2008 12:00am
Lack of job opportunities dents livelihood of daily wage earners

Lack of job opportunities dents livelihood of daily wage earners

A large number of daily wage earners are bearing the brunt of decline in the development and commercial activities, finding it hard to make their both ends meet in the city of sufists Multan. These workers generally earn their livelihood by working in god
Published 11 Nov, 2008 12:00am
PML-Q stalwarts oppose merger with any political party

PML-Q stalwarts oppose merger with any political party

Stalwarts of Pakistan Muslim League (Quaid-i-Azam) from Khanewal, Vehari, Multan and other parts of the Southern Punjab have opposed the merger of the party into anyother faction or alliance and asked the party leadership to give up the idea of forming al
Published 11 Nov, 2008 12:00am
Nawaz for implementing CoD to tackle economic crisis

Nawaz for implementing CoD to tackle economic crisis

Mian Muhammad Nawaz Sharif, Quaid of PML-N on Monday stressed the need for implementing the Charter of Democracy (CoD) saying that this will help the political forces to address economic and all other problems.
Published 11 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 10, 2008).

Published 11 Nov, 2008 12:00am
Cellphones shop robbed

Cellphones shop robbed

In the wee hours on Monday, six gunmen broke into a mobile phone shop in the City Gate market here, tied up the security guards with ropes, and decamped with 200 sealed cell phone packets worth Lakhs of rupees.
Published 11 Nov, 2008 12:00am
Gang of nine rape two sisters

Gang of nine rape two sisters

Nine people gang raped two sisters in village Taranda Mir Khan in Bahawalpur district here on Monday. As per detail disclosed by police Muhammad Akram Gujjar had developed illicit relationship with Zainab, the sister of culprit, Sher Muhammad Arain.
Published 11 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 10, 2008).

Published 11 Nov, 2008 12:00am
Tension grips city as three political workers killed

Tension grips city as three political workers killed

After the killing of activists of two different political parties, the firing incidents and violent protest demonstration on Monday gripped the whole city. According to details, 30-year-old activist of Sunni Tehrik (ST) Furqan Attari son of Shamim Khan, r
Published 11 Nov, 2008 12:00am
Autopsy of Zambian lady conducted

Autopsy of Zambian lady conducted

An autopsy of Zambian lady, Mocasu Margrette was conducted at Nishtar Hosptal, Multan to find out the cause of her death. Meanwhile, the District and Session court of Multan has appointed the judicial magistrate, Amjad Shoaib Khan as the inquiry officer,
Published 11 Nov, 2008 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
Task force formed to save citizens from dengue virus

Task force formed to save citizens from dengue virus

Four dengue deaths have been reported so far in Lahore while the number of virus-infected patients is increasing fast. The authorities concerned have not taken up to the mark measures to tackle the diseases. Taking exception to the increasing number of de
Published 11 Nov, 2008 12:00am
Saarc physiological moot begins

Saarc physiological moot begins

Saarc physiological conference is a hallmark in scientific research fie1ds This was stated by Dr Sibtul Husnain, President Prime Minister and DC while addressing the inaugural ceremony of the 1st South Asian Conference and 11th Biennial Conference of Paki
Published 11 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 10, 2008).

Published 11 Nov, 2008 12:00am
Ogra holds hearing on SSGC petition

Ogra holds hearing on SSGC petition

The participants of a public hearing before the Oil and Gas Regulatory Authority (Ogra) strongly opposed SSGC's petition and said that any further increase in gas prices would have adverse economic and financial impact on gas consumers.
Published 11 Nov, 2008 12:00am
'Hallmark Act' likely to be implemented by end of 2009

'Hallmark Act' likely to be implemented by end of 2009

The Pakistan Gems and Jewelry Development Company (PGJDC) is evolving the "Hallmark Act", which is likely to be implemented by the end of 2009, to standardise the local jewelry and enhance its export.
Published 11 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 10, 2008).

Published 11 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 10, 2008).

Published 11 Nov, 2008 12:00am
Senators demand treason case against Musharraf

Senators demand treason case against Musharraf

Three Senators from Balochistan filed a resolution in the Senate Secretariat demanding that a treason case should be registered against former president General Pervez Musharraf (Retd) for abrogating the constitution and ordering the killing of Akbar Khan
Published 11 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 10, 2008).

Published 11 Nov, 2008 12:00am
Climate change: task force to prepare interim report by December 15

Climate change: task force to prepare interim report by December 15

The task force on climate change on Monday decided to prepare interim report by December 15, which would include global and national climate change perspectives, and policy level measures to address the adverse effects of climate change in the key sectors
Published 11 Nov, 2008 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (November 10, 2008).

Published 11 Nov, 2008 12:00am
US journal's honouring Kamal disputed by opposition councillors

US journal's honouring Kamal disputed by opposition councillors

Opposition members in the City Council shouted "No" on Monday when treasury members sought their support for a resolution lauding City Nazim Mustafa Kamal for being honoured and placed Second on the list of world's 'top mayors for 2008' by an American mag
Published 11 Nov, 2008 12:00am
Farming community asked to pay Abiana well in time

Farming community asked to pay Abiana well in time

Senior Minister Punjab, Raja Riaz Ahmad has asked the Farmer Organisations (FOs) to mobilise the farming community for the payment of 'Abiana' well in time. He added that the government is protecting the rights of the farmers by repairing and maintenance
Published 11 Nov, 2008 12:00am
Supreme Court orders judicial inquiry into case of assault on doctors

Supreme Court orders judicial inquiry into case of assault on doctors

The Supreme Court on Monday ordered judicial inquiry into a case of assault by the family members of a bureaucrat on two doctors of Federal Government Services Hospital (FGSH) A three-member bench of the apex court, comprising Chief Justice Abdul Hameed D
Published 11 Nov, 2008 12:00am