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Print - 2008-11-15
Construction of small dams, development of solar energy stressed

Construction of small dams, development of solar energy stressed

Speakers at a meeting of Shura Hamdard Karachi chapter urged the government to develop solar energy, wind energy and coal energy as a source of alternative energy and to construct small dams in order to overcome the prevailing crisis of electricity and wa
Published 15 Nov, 2008 12:00am
'Government should take immediate notice of pilgrims' grievances'

'Government should take immediate notice of pilgrims' grievances'

The government should resolve the problems faced in the acquisition of passports for pilgrims, said Chairman Memon Khidmat Forum Haji Masood Parekh and member Yahya Polani at Karachi Haj Terminal during meeting with the pilgrim's delegation regarding the
Published 15 Nov, 2008 12:00am
IIU chief visits Jamia Farooqia

IIU chief visits Jamia Farooqia

Dr Anwar Hussain Siddiqui, President, International Islamic University (IIU) on Friday visited Jamia Farooqia and other leading seminaries in Karachi to evaluate the application submitted by Jamia Farooqia, Karachi for membership of the Islamic Universiti
Published 15 Nov, 2008 12:00am
Abbasi Public School shows 100 percent result in SSC-I exam

Abbasi Public School shows 100 percent result in SSC-I exam

All the students of Abbasi Public High School Bhittai Colony have passed their annual 9th class examination from Board of Secondary Education Karachi (BSEK) with top grades. In a press release, the school administration said that the result of the school
Published 15 Nov, 2008 12:00am
Sindh University seminar on Pak-China relationship held

Sindh University seminar on Pak-China relationship held

The participating scholars and educationists of one-day international seminar on 'Strategic Implications of Rise of China' organised by the Area Study Centre, Far East and South East Asia, University of Sindh (SU) have stressed the need of further strengt
Published 15 Nov, 2008 12:00am
Government believes in resolving issues through dialogue: Prime Minister

Government believes in resolving issues through dialogue: Prime Minister

Prime Minister Yousuf Raza Gilani on Friday said Pakistan is a peaceful and forward-looking country and the government believes in resolving all issues of national importance through dialogue. The Prime Minister was addressing the first-ever combined pass
Published 15 Nov, 2008 12:00am
Prime Minister condemns firing at foreign journalists

Prime Minister condemns firing at foreign journalists

Prime Minister Yousuf Raza Gilani on Friday strongly condemned the firing incident injuring foreign journalists in Hayatabad near Peshawar, and ordered inquiry into the incident. The Prime Minister condemned the incident in which a Japanese and an Afghan
Published 15 Nov, 2008 12:00am
Pims to set up diabetic foot clinic soon

Pims to set up diabetic foot clinic soon

Pakistan Institute of Medical Sciences (Pims) in collaboration with the Baqai institute of diabetes Karachi will set up a diabetic foot clinic soon. The Executive Director, Dr Abdul Majid Rajput said while addressing the participants of 2nd annual symposi
Published 15 Nov, 2008 12:00am
Number of dengue virus cases reaches 870 in Lahore

Number of dengue virus cases reaches 870 in Lahore

The number of patients suffering from dengue fever has crossed the figure of 870 in the provincial metropolis on Friday. Sources told Business Recorder that dozens of new patients of dengue admitted in various city hospitals. After the visit of Pun
Published 15 Nov, 2008 12:00am
IBM issues corporate responsibility report

IBM issues corporate responsibility report

IBM issued its 2007-2008 Corporate Responsibility Report, detailing the company's performance results and strategies in the areas of governance, supply chain, environmental performance, employment policies and practices, client solutions and community eng
Published 15 Nov, 2008 12:00am
Prime Minister orders acquisition of land for BGN University

Prime Minister orders acquisition of land for BGN University

Prime Minister Syed Yousuf Raza Gilani has ordered immediate acquisition of land for Baba Guru Nanak (BGN) University. Talking to a delegation of Sikh Yatrees who called on the Prime Minister here on Friday, Gilani said that all efforts are being made by
Published 15 Nov, 2008 12:00am
Marathi theatre: Indian artist paintings exhibition begins

Marathi theatre: Indian artist paintings exhibition begins

Exhibition of Marathi Theatre Paintings Exhibition of Indian artist Nissar Allana opened at International Performing Arts festival organised by Rafi Peer Theatre Workshop on Friday. Nissar while talking to Business Recorder said that the two countr
Published 15 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Nov, 2008 12:00am
Dengue virus: Shuja reviews situation in Krishan Nagar

Dengue virus: Shuja reviews situation in Krishan Nagar

On the special direction of the Punjab Chief Minister, provincial Minister Mian Mujtaba Shuja-ur-Rehman visited Krishan Nagar and reviewed the situation of spray for overcoming the dengue virus here on Friday. Talking on this occasion, the Minister said t
Published 15 Nov, 2008 12:00am
Workshop on Islamic Housing Finance in Karachi

Workshop on Islamic Housing Finance in Karachi

Al-Huda Centre of Islamic Banking and Economics is organising a workshop in Karachi on Islamic Housing Finance and Real Estate Investment Trust (REITs). According to an Al-Huda's spokesman here on Friday, the workshop will introduce Islamic financial prod
Published 15 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (November 14, 2008).

Published 15 Nov, 2008 12:00am
Parliament should discuss matter of IMF funding: Nawaz

Parliament should discuss matter of IMF funding: Nawaz

Former prime minister Mian Muhammad Nawaz Sharif on Friday demanded that the matter of IMF funding be brought at the floor of parliament to seek the opinion of peoples' representative on this important issue. In an exclusive interview to Geo television
Published 15 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Nov, 2008 12:00am
Education top priority of government, says Shahbaz

Education top priority of government, says Shahbaz

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has said that promotion of education is the top priority of the government and establishment of education endowment fund with a sum of Rs two billion is a big achievement in this regard. He said this whi
Published 15 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Nov, 2008 12:00am
FBR chief urged to expedite process of refunds

FBR chief urged to expedite process of refunds

All Pakistan Textile Mills Association (Aptma) has welcomed the resolve of the Chairman, Federal Board of Revenue (FRR) that there will no witch-hunting in the name of business audits. Aptma member, Mian Faraz Alam said in a statement on Friday that the B
Published 15 Nov, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Old habits die hard. Friday was the weekly off and it was changed to Sunday by PML-N government almost 10 years ago. Official timing of the day is 9am to 12pm on Friday as it never became full working day.
Published 15 Nov, 2008 12:00am
Rains, snowfall increase inflows in Indus

Rains, snowfall increase inflows in Indus

The two-day rains and snowfalls in the Northern Areas and upper regions of the country increased water inflow in the river Indus at Tarbela from 22,200 cusecs to 30,400 cusecs on Friday.
Published 15 Nov, 2008 12:00am
Saicon 2008 concludes

Saicon 2008 concludes

The South Asian Chapter of the Academy for Global Business Advancement, established by the Department of Management Sciences of the Comsats Institute of Informatics Technology has successfully organised the First South Asian International Conference (Saic
Published 15 Nov, 2008 12:00am
New coins to be issued from November 20

New coins to be issued from November 20

Coins of Re 1 and Rs 2 denomination with changed metal composition, colour and weight will be issued from and through all the offices of the State Bank of Pakistan, Banking Service Corporation with effect from November 20. A finance division notification
Published 15 Nov, 2008 12:00am
Punjab University vice chancellor calls for release of HEC funds

Punjab University vice chancellor calls for release of HEC funds

The Vice Chancellor, Punjab University (PU), Professor Dr Mujahid Kamran has appealed the Prime Minister, Syed Yousaf Raza Gillani to issue a directive to the Federal Finance Ministry to release the withheld funds of the Higher Education Commission (HEC).
Published 15 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (November 14, 2008).

Published 15 Nov, 2008 12:00am
Call for peaceful resolution of Kashmir dispute

Call for peaceful resolution of Kashmir dispute

Pakistan needs to respond to the emerging opportunities for the peaceful resolution of Jammu and Kashmir dispute with a sense of history and destiny in the changed regional and global climate. The vision of the leadership coupled with the ideological, pol
Published 15 Nov, 2008 12:00am
PPP ministers in Punjab will take oath after Eid: Riaz

PPP ministers in Punjab will take oath after Eid: Riaz

Punjab Minister Riaz Ahmed said on Friday that 'new' Pakistan People's Party (PPP) ministers would take oath in Punjab cabinet after Eid. Addressing a press conference at his official residence after holding parliamentary party meeting before the start of
Published 15 Nov, 2008 12:00am
'Tariff revision to ease miseries of consumers'

'Tariff revision to ease miseries of consumers'

The downward revision of power tariff from 31 per cent to 13 per cent by the government would ease down the miseries of the electricity consumers to some extent, despite the fact still a large number of consumers are not happy with the revision.
Published 15 Nov, 2008 12:00am
THE RUPEE: dollar declines on interbank market

THE RUPEE: dollar declines on interbank market

The rupee retained its firmness, expanding its winning streak against dollar, gaining 22 paisa for buying at 80.18 and it also rose by 27 paisa for selling at 80.23, currency experts said. Expectations for arrival of inflows, helped the rupee to look ahea
Published 15 Nov, 2008 12:00am
Dr Khushnood elected POA's president

Dr Khushnood elected POA's president

Dr Khushnood Ali Baz and Dr Ashraf Nizami have been elected as President and Secretary General of Pakistan Orthopaedic Association (POA) in the general body meeting of the association.
Published 15 Nov, 2008 12:00am
THE RUPEE: dollar declines on interbank market

THE RUPEE: dollar declines on interbank market

The rupee retained its firmness, expanding its winning streak against dollar, gaining 22 paisa for buying at 80.18 and it also rose by 27 paisa for selling at 80.23, currency experts said. Expectations for arrival of inflows, helped the rupee to look ahea
Published 15 Nov, 2008 12:00am
Government lacks 2/3 majority to scrap President's powers: AG

Government lacks 2/3 majority to scrap President's powers: AG

The Attorney General, Latif Khosa, said here on Friday that the government was not having two-thirds majority in the parliament to scrap President's powers of dismissing the government under Article 58-2b. However, he said, the PPP government would work o
Published 15 Nov, 2008 12:00am
India releases 28 Pakistani prisoners

India releases 28 Pakistani prisoners

India on Friday released 28 Pakistani prisoners out of 679 languishing in different Indian jails. India is also expected to release 67 more prisoners belonging to Gohar Shahi sect on November 19. They are currently lodged in Delhi jail.
Published 15 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 14, 2008).

Published 15 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 14, 2008).

Published 15 Nov, 2008 12:00am
Pakistan values its multifaceted ties with UAE: Prime Minister

Pakistan values its multifaceted ties with UAE: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan values its close and multifaceted relations with the UAE which are rooted in common faith and shared heritage, values and culture and is keen to expanding co-operation in all fields especially
Published 15 Nov, 2008 12:00am
PDMA directed to ensure fair distribution of relief items

PDMA directed to ensure fair distribution of relief items

Speaker Balochistan Assembly Muhammad Aslam Bhotani on Friday disposed of an adjournment motion moved by MPA Sheikh Haji Jaffaer Khan Mandokhail and directed the Provincial Disaster Management Authority to ensure fair distribution of relief goods in quake
Published 15 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 14, 2008).

Published 15 Nov, 2008 12:00am
Registration of criminal case against three cops ordered

Registration of criminal case against three cops ordered

The Lahore High Court (LHC) on Friday ordered registration of criminal case against three cops for detaining and humiliating an advocate without any reason. The court summoned SHO Millat Park who failed to appear before the court and court being angry wit
Published 15 Nov, 2008 12:00am
Luxury tax on imported cars: LHC adjourns hearing of petition

Luxury tax on imported cars: LHC adjourns hearing of petition

The Lahore High Court (LHC) adjourned to December 12, the hearing in some identical petitions challenging recovery of luxury tax on imported cars of 2000 cc and above and registered after June 2005 as law officer did not appear before the court.
Published 15 Nov, 2008 12:00am
'Diabetes rising by 180 percent every year'

'Diabetes rising by 180 percent every year'

"People with diabetes need to take an active role in their own care, but patients need to be supported by their health care system to learn how to self manage effectively and timely access to proper treatment and medical advice is also vital."
Published 15 Nov, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (November 14, 2008)and for Saturday (November 15, 2008).
Published 15 Nov, 2008 12:00am
Azad Foundation to hold poster competition on Universal Children's Day

Azad Foundation to hold poster competition on Universal Children's Day

In connection with the Universal Children's Day, being observed on November 20, the Azad Foundation (AF), an NGO, will organise a poster competition. An announcement here said that this would be aimed at fostering awareness regarding the child right and t
Published 15 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 14, 2008).

Published 15 Nov, 2008 12:00am
No cut in defence expenditures: Hina

No cut in defence expenditures: Hina

Minister of State for Finance and Economic Affairs, Ms Hinna Rabbani Khar said on Friday that there was no plan of slashing in the defence expenditures. "The government in its budget 2008-09 has announced to control government expenditures but we will not
Published 15 Nov, 2008 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 15 Nov, 2008 12:00am
Nepra asked to reconsider power tariff

Nepra asked to reconsider power tariff

The Lahore High Court (LHC) on Friday suspended the increased electricity tariff levied on commercial units, directed the National Electricity and Power Regulatory Authority (Nepra) to reconsider the tariff levied on them and decide it in one month time a
Published 15 Nov, 2008 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 15 Nov, 2008 12:00am
MPA Mazari collapses in Punjab Assembly, passes away later

MPA Mazari collapses in Punjab Assembly, passes away later

Sardar Shaukat Hussain Mazari a senior legislator collapsed during the Punjab Assembly session on Friday and was taken to Punjab Institute of Cardiology where he expired. The former Deputy Speaker of Punjab Assembly suffered a heart attack in the assembly
Published 15 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 15 Nov, 2008 12:00am
LDA directs to expedite work on government employees' housing scheme

LDA directs to expedite work on government employees' housing scheme

The Director General, Lahore Development Authority (LDA), Shahid Mahmood has directed to expedite the execution of development works in the housing scheme for the government employees in LDA Avenue-1. He also asked the concerned officials to set up a comm
Published 15 Nov, 2008 12:00am
The Weather

The Weather

The weather report on Friday (November 14, 2008) and the forecast for Saturday (November 15, 2008).

Published 15 Nov, 2008 12:00am
Taliban behind kidnapping of Iranian diplomat: Rehman

Taliban behind kidnapping of Iranian diplomat: Rehman

Rehman Malik, advisor to the Prime Minister on Interior has said that defunct Tehreek-e-Taliban Pakistan (TTP) was behind the kidnapping of Iranian diplomat from Peshawar. "Miscreants have seen their fate due to government and public anger and in frustrat
Published 15 Nov, 2008 12:00am
Digital certificates for e-filing IT returns made mandatory

Digital certificates for e-filing IT returns made mandatory

The Federal Board of Revenue (FBR) has made it mandatory for the companies to obtain digital certificates for e-filing of income tax returns (IT-1) from November 15, 2008. In this connection, the FBR has displayed a message on the "FBR-Website" for compli
Published 15 Nov, 2008 12:00am
Smeda employees' donation for quake victims

Smeda employees' donation for quake victims

The employees of Small and Medium Enterprises Development Authority (Smeda) have donated their one-day gross salary for relief of the earthquake victims of Balochistan. According to Smeda spokesman, the amount of donation has been delivered to Smeda's reg
Published 15 Nov, 2008 12:00am
Militancy hinders investment activity in NWFP

Militancy hinders investment activity in NWFP

The engagements of the top officials of the provincial government in efforts to arrest the growing militancy and lawlessness in the North West Frontier Province (NWFP) had eclipsed the meetings of the much propagated Investment Facilitation Committee (IFC
Published 15 Nov, 2008 12:00am
Uniform education system to be introduced by 2010: Bijarani

Uniform education system to be introduced by 2010: Bijarani

Minister for Education Mir Hazar Khan Bijarani on Friday told the National Assembly that uniform education system would be introduced by 2010 across the country. Replying to a question raised by Parveen Masood Bhatti of PML-N, he said that an inter-provin
Published 15 Nov, 2008 12:00am
Lahore traders decide in favour of PIAF

Lahore traders decide in favour of PIAF

The Lahore's business community has already given its verdict in the favour of the PIAF-Founders Alliance as it has set new standards of excellence by extending support to business community for the cause of economic turnaround.
Published 15 Nov, 2008 12:00am
BMG Teli group likely to win all 30 KCCI MC seats

BMG Teli group likely to win all 30 KCCI MC seats

The Businessmen Group (BMG), of Siraj Kassim Teli faction is likely to win unopposed all 30 seats of managing committee of Karachi Chamber of Commerce and Industry (KCCI). The Election Committee of the Chamber had received total of 52 nomination papers, a
Published 15 Nov, 2008 12:00am
29 mills yet to start crushing of sugarcane in Sindh

29 mills yet to start crushing of sugarcane in Sindh

At least 29 sugarmills in Sindh province have not yet started crushing of sugar cane despite the passage of the date announced by government for starting the process. It is to be mentioned here that the government was announced November 10 as date for sta
Published 15 Nov, 2008 12:00am
Bosnia wartime commander charged with extortion

Bosnia wartime commander charged with extortion

The Sarajevo prosecutor's office charged the Bosnian Muslim wartime commander Naser Oric with extortion and illegal possession of weapons and explosive devices, local media reported on Friday. Oric was arrested in October, three months after a UN war crim
Published 15 Nov, 2008 12:00am
Serbia ready to pay $1.25 million for information on Mladic

Serbia ready to pay $1.25 million for information on Mladic

Serbia renewed its offer to pay a million euro reward ($1.25 million) for information leading to the arrest of top war crimes fugitive Ratko Mladic, said the point man for co-operation with the UN war crimes tribunal. "The offer is absolutely valid. Anyon
Published 15 Nov, 2008 12:00am
New contacts with Iran possible soon: Solana

New contacts with Iran possible soon: Solana

European Union foreign policy chief Javier Solana said on Friday further contacts with Iran were possible soon to try to resolve the dispute over its nuclear programme. "There may be some contacts to follow - (like) some of the contacts we had during the
Published 15 Nov, 2008 12:00am
Somali Islamists approach Mogadishu, impose Shariah

Somali Islamists approach Mogadishu, impose Shariah

Islamist rebels moved on Friday into a small town on the outskirts of Somalia's capital near a checkpoint manned by Ethiopian troops, sparking fears among residents of renewed fighting. This week's advance by al Shabaab militants towards the capital Mogad
Published 15 Nov, 2008 12:00am
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