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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-11-21
PAAPAM, PAMA irked over cancellation of meeting with Tarin

PAAPAM, PAMA irked over cancellation of meeting with Tarin

The representatives of Automobile and Auto Parts and Accessories Manufacturers' Associations have expressed their disappointment over last minute cancellation of their scheduled meeting with the Prime Minister's Advisor on Finance Shaukat Tarin today (Fri
Published 21 Nov, 2008 12:00am
Government mulls merger of weaker textile units with stronger ones

Government mulls merger of weaker textile units with stronger ones

The federal government is mulling over merger of financially weaker textile units with the viable one to supplement the national economy as well as the textile sector in particular, said former Chairman All Pakistan Textile Mills Association (Aptma) Punja
Published 21 Nov, 2008 12:00am
PPP organises rally to support Zardari

PPP organises rally to support Zardari

Pakistan Peoples Party (PPP) organised an impressive rally in favour of President of Pakistan and Co-Chairman PPP Asif Ali Zardari on Thursday. While naming it "Step forward Asif Ali Zardari, we support you" rally, the workers and supporters of leftwing p
Published 21 Nov, 2008 12:00am
Guard World paddy harvesters launched

Guard World paddy harvesters launched

Specially designed Guard World paddy harvesters, manufactured in China and incorporating proven Japanese technology were launched at a ceremony held at the Rice Research Institute, Kala Shah Kaku on Thursday. Punjab Minister for Excise and Taxation Mian M
Published 21 Nov, 2008 12:00am
Hearing on exhibition of Indian movies case adjourned till December 16

Hearing on exhibition of Indian movies case adjourned till December 16

The Lahore High Court (LHC) responding to a petition filed by a local film distributor of Indian movie 'Dostana' on Thursday sought reply from Pakistan Censor Board and adjourned the proceedings till December 16. The petition has called in question differ
Published 21 Nov, 2008 12:00am
LHC issues notice to Punjab University vice chancellor

LHC issues notice to Punjab University vice chancellor

The Lahore High Court (LHC) has suspended the removal order of a contractual assistant treasurer by the Vice Chancellor of the Punjab University (PU) issued notice to the VC. The judge issued this order responding to a petition of Faisal Mumtaz, an assist
Published 21 Nov, 2008 12:00am
'Meezan Mahana Kharch account provides attractive returns'

'Meezan Mahana Kharch account provides attractive returns'

"Due to the recent revision in prices of Meezan Islamic Income Fund (MIIF), the current yield of MIIF is likely to increase to about 14 to 15 percent per annum going forward. This is a substantial increase from the annualised return of 10.98 percent in Se
Published 21 Nov, 2008 12:00am
IAP seeks flexibility

IAP seeks flexibility

The Insurance Association of Pakistan (IAP) has sought flexibility on the part of the Securities & Exchange Commission of Pakistan (SECP) in the implementation of its directives relating to Reinsurance/Retakaful Treaty Arrangements - 2009.
Published 21 Nov, 2008 12:00am
Three-day anti-polio drive from November 24

Three-day anti-polio drive from November 24

A three-day national immunisation campaign would be launched on November 24. In this connection awareness walks would be organised on November 22 at all tehsil headquarters in Punjab regarding importance of vaccination of children to save them from polio,
Published 21 Nov, 2008 12:00am
PIA clarifies PALPA claims

PIA clarifies PALPA claims

Pakistan International Airlines (PIA) places its highest consideration on the safety of its operations and under no circumstances will compromise the same, as it considered safety a top priority. Responding to a statement issued by Pakistan AirLine Pilot
Published 21 Nov, 2008 12:00am
Activist of Sunni Tehrik gunned down

Activist of Sunni Tehrik gunned down

An activist of Sunni Tehrik was killed and two others injured critically when unknown armed men opened fire on them near Saeedabad on Thursday. The sources at Saeedabad police station told Business Recorder that 30-year-old Muhammad Sajjad son of M
Published 21 Nov, 2008 12:00am
Levy of income tax on agriculture condemned

Levy of income tax on agriculture condemned

An outcry and strong condemnation was witnessed on Thursday during the 10th session of Punjab Assembly from treasury and opposition benches unanimously over the plan of the government in regard to levy income tax on agriculture that was termed as anti-far
Published 21 Nov, 2008 12:00am
PSQCA initiates action against Cherat, Lucky cements companies

PSQCA initiates action against Cherat, Lucky cements companies

Pakistan Standards & Quality Control Authority (PSQCA) has started taking action under Land Revenue Act against Cherat and Lucky cements for recovery of arrears in head of manufacturing licenses and marking fee, sources told Business Recorder on Th
Published 21 Nov, 2008 12:00am
Former chairman Kati seeks reduction in markup rates

Former chairman Kati seeks reduction in markup rates

Former chairman, Korangi Association of Trade and Industry (Kati), Shaikh Manzar Alam has urged the President and Prime Minister to direct federal minister for finance to provide research and development (R&D) support to towel and other textile industries
Published 21 Nov, 2008 12:00am
Coordination between Accountant General office, finance stressed

Coordination between Accountant General office, finance stressed

NWFP Minister for Finance, Mohammad Humayun Khan has stressed the need for affective co-ordination between the Accountant General, NWFP offices and the Finance Department within a motive to remove the grievances of the government employees and the general
Published 21 Nov, 2008 12:00am
Official patronage sought for Hindko language

Official patronage sought for Hindko language

Speakers at a well-attended literary gathering held here on Wednesday sought official patronage for Hindko language and establishment of the Hindko Academy which had already been approved by the federal government way back in 1987.
Published 21 Nov, 2008 12:00am
Efforts on to improve education standard

Efforts on to improve education standard

District Co-ordination Officer Pakpattan, Mian Zulfiqar Ahmed on Thursday said that vacant posts in the education institutes of the district would be filled soon. "Punjab government is most committed to raise the standard of education for a better tomorro
Published 21 Nov, 2008 12:00am
Students urged to benefit from Chinese education system

Students urged to benefit from Chinese education system

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has stressed upon Pakistani students studying in China to get benefit from the modern Chinese education system and utilise their all out energies for the progress and development of Pakistan after comple
Published 21 Nov, 2008 12:00am
Bahrain needs highly skilled Pakistani workforce

Bahrain needs highly skilled Pakistani workforce

Ambassador of Bahrain to Pakistan Mohamed Ebrahim Mohamed Abdulqader has said that a lot of employment opportunities are available for highly skilled Pakistani workforce in public as well as private sector of Bahrain. He was talking to Chairman of Nationa
Published 21 Nov, 2008 12:00am
Minfal held responsible for change in tender opening date

Minfal held responsible for change in tender opening date

A spokesman for Trading Corporation of Pakistan (TCP) has held the Ministry of Food, Agriculture and Livestock (Minfal) responsible for the opening of urea tender prior to the stipulated date. This led to cause loss of millions of dollars to the national
Published 21 Nov, 2008 12:00am
Bomb-proof wall erected to protect Marriott hotel: general manager

Bomb-proof wall erected to protect Marriott hotel: general manager

The Marriott hotel in Islamabad will be the first hotel in the country to have state-of-the-art technology-based Hesco wall, which can withstand heavy explosions and is designed to divert them upwards. It was announced by General Manager, Marriot Hotel Is
Published 21 Nov, 2008 12:00am
Pakistan and Malaysia to enhance ties in military training

Pakistan and Malaysia to enhance ties in military training

Pakistan and Malaysia have agreed to enhance co-operation in the field of military training and venture in defence industry. This was decided in high level meetings held by the visiting Pakistani defence delegation, headed by Defence Secretary Lieutenant
Published 21 Nov, 2008 12:00am
Evening shift to be started in workers welfare schools: Sohna

Evening shift to be started in workers welfare schools: Sohna

The Punjab Labour Minister, Muhammad Ashraf Khan Sohna has said that evening shift would be started in workers welfare schools of the province in order to accommodate maximum number of workers children in these schools. Moreover, no private student shall
Published 21 Nov, 2008 12:00am
Winter season: country to face severe shortfall in gas supplies

Winter season: country to face severe shortfall in gas supplies

Government will disconnect the supply of gas to cement factories and Independent Power Producers (IPPs) having alternative arrangements of furnace oil under the Gas Load Management Programme. Sources in Petroleum Ministry revealed that a summary regarding
Published 21 Nov, 2008 12:00am
Abolition of IRO-2002 praised

Abolition of IRO-2002 praised

The Postal Headquarters Employees Union (CBA) Islamabad on Thursday appreciated the government's decision with regard to abolishment of IRO-2002, which contains anti-worker laws.
Published 21 Nov, 2008 12:00am
ICI Pakistan donates Rs two million for Balochistan earthquake victims

ICI Pakistan donates Rs two million for Balochistan earthquake victims

ICI Pakistan Limited has donated Rs 2 million for the victims of earthquake in Balochistan province. In this connection, Senior Vice President, ICI, Pervaiz A Khan presented a cheque of Rs 2 million to the Chairman, (NDMA), Lieutenant General Farooq Ahmad
Published 21 Nov, 2008 12:00am
HRF distributes relief goods among quake victims

HRF distributes relief goods among quake victims

The Human Relief Foundation (HRF) has distributed relief goods including tents, gas heaters and crockery items among quake-affected people of Balochistan. The assistance would meet the requirements of about 141 families of Wam and Tangi villages of distri
Published 21 Nov, 2008 12:00am
IMF assistance to help boost investors' trust: Hina

IMF assistance to help boost investors' trust: Hina

Minister of State for Economic Affairs Hina Rabbani Khar has said that the International Monetary Fund's (IMF) assistance to Pakistan would help boost confidence of local as well as foreign investors. Talking to a private TV channel (Aaj) she said
Published 21 Nov, 2008 12:00am
CJP takes suo motu notice of police encounter

CJP takes suo motu notice of police encounter

Chief Justice of Pakistan Abdul Hameed Dogar here on Thursday took suo motu notice on a press clipping, that appeared in different newspapers about the alleged fabricated encounter staged by Khairpur Police. According to press reports, three innocent stud
Published 21 Nov, 2008 12:00am
CDA fails to develop various sectors

CDA fails to develop various sectors

The Capital Development Authority (CDA) has failed to develop sectors E-12, F-12 and G-12 after the lapse of 17 years. The award of land and built-up-properties (BUPs) of the sectors was announced during 1985-88, but the CDA has yet to resolve the issue o
Published 21 Nov, 2008 12:00am
'Rs 43.29 billion disbursed among quake-victims so far'

'Rs 43.29 billion disbursed among quake-victims so far'

Director General State Earthquake Reconstruction and Rehabilitation Agency (Serra) Dr Asif Hussain Shah has said that so for the compensation of Rs 43.29 billion have been disbursed among the quake affected people for the construction of quake resistant h
Published 21 Nov, 2008 12:00am
EC releases Rs 1.22 billion grant for schools in AJK

EC releases Rs 1.22 billion grant for schools in AJK

The European Commission (EC) has released a grant of Euro 11.95 million (Rs 1.22 billion) to the Asian Development Bank (ADB) for reconstruction of 300 middle schools in the earthquake affected districts of Azad Jammu and Kashmir. The amount will be used
Published 21 Nov, 2008 12:00am
BoK earns Rs 600 million profit in nine months

BoK earns Rs 600 million profit in nine months

The cabinet of the Bank of Khyber officers Association (BOKOA) held a meeting with NWFP Finance Minister Muhammad Humayun Khan in his office on Thursday. BOKOA, President, Mahmood-ur-Rehman opened the discussion with the introduction of the newly elected
Published 21 Nov, 2008 12:00am
BoK earns Rs 600 million profit in nine months

BoK earns Rs 600 million profit in nine months

The cabinet of the Bank of Khyber officers Association (BOKOA) held a meeting with NWFP Finance Minister Muhammad Humayun Khan in his office on Thursday. BOKOA, President, Mahmood-ur-Rehman opened the discussion with the introduction of the newly elected
Published 21 Nov, 2008 12:00am
Japan grants Rs four million for school construction

Japan grants Rs four million for school construction

The Government of Japan granted financial support of US $50,771 (approx Rs 4 million) under the GGP programme (Grant Assistance for Grassroots Human Security Projects) to the Social Development Organisation, a non-governmental organisation, for the implem
Published 21 Nov, 2008 12:00am
The Weather

The Weather

The weather report on Thursday (November 20, 2008) and the forecast for Friday (November 21, 2008).

Published 21 Nov, 2008 12:00am
IESCO announces power cut

IESCO announces power cut

According to IESCO press release, power supply will remain suspended due to construction and annual maintenance work as per following schedule.
Published 21 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 21 Nov, 2008 12:00am
'Rs 1.6 could be saved by promoting bio-diesel technology'

'Rs 1.6 could be saved by promoting bio-diesel technology'

The government could save up to Rs 1.6 billion by promoting bio-diesel technology, while blending of ethanol could further save $500 million. This was stated by Zaka Ashraf, president ZTBL, while presiding over a meeting here on Thursday.
Published 21 Nov, 2008 12:00am
24th death anniversary of Faiz observed

24th death anniversary of Faiz observed

Faiz Ahmed Faiz was the conscious and voice of the deprived people stumbling in darkness in search of light. These views were expressed by Fakhar Zaman, Chairman, Pakistan Academy of Letters on Thursday, in his message on the occasion of 24th death annive
Published 21 Nov, 2008 12:00am
Jam Sadiq Bridge in state of dilapidation

Jam Sadiq Bridge in state of dilapidation

The main bridge connecting Korangi Industrial Area with the city, Jam Sadiq Ali Bridge, has spent its life and is in state of shambles, which may collapse any time. The bridge was build during the tenure of former Chief Minister of Sindh, Jam Sadiq Ali, a
Published 21 Nov, 2008 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 21 Nov, 2008 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 21 Nov, 2008 12:00am
10 CEC member of PHMA elected unopposed

10 CEC member of PHMA elected unopposed

The Election committee of Pakistan Hosiery Manufacturers Association (PHMA) has declared 10 candidate of the Central Executive Committee (CEC) and 14 candidates of the zonal committee of the association elected unopposed.
Published 21 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 20, 2008).

Published 21 Nov, 2008 12:00am
SBP introduces Re 1 & Rs 2 aluminium coins

SBP introduces Re 1 & Rs 2 aluminium coins

The State Bank of Pakistan has introduced two new aluminum coins of Re 1 and Rs 2. All offices of SBP Banking Services Corporation (SBP-BSC) have started issuing Re 1 and Rs 2 aluminum coins from Thursday.
Published 21 Nov, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 20, 2008).

Published 21 Nov, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 20, 2008).

Published 21 Nov, 2008 12:00am
Wahid appointed coordinator Lyari affairs

Wahid appointed coordinator Lyari affairs

Ministry of Ports and Shipping has appointed Wahid Baloch as co-ordinator Lyari affairs and Aslam Samo as Labour officer in the constituency of Sardar Nabil Ahmed Gabol, Minister for Ports and Shipping.
Published 21 Nov, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (November 20, 2008)and for Friday (November 21, 2008).
Published 21 Nov, 2008 12:00am
Call for reforms in police system

Call for reforms in police system

Citizens of the metropolis of Karachi voiced concern over the rising social issues and demanded just reform in the police system with immediate effect. They expressed their views at a meeting titled 'From Police Order to Police Act' Shehri Citizens for a
Published 21 Nov, 2008 12:00am
FTA boosts Pak-China trade volume to $6.54 billion: counsel general

FTA boosts Pak-China trade volume to $6.54 billion: counsel general

After signing of a Free Trade Agreement (FTA), the trade volume between Pakistan and China, a time-tested all-weather friends, has reached to $6.54 billion. The Counsel General (CG) of China in Pakistan, Chen Shanmin said this in a seminar, entitled 'Insi
Published 21 Nov, 2008 12:00am
Munaf Kalia shifted to Karachi

Munaf Kalia shifted to Karachi

Federal Investigation Agency (FIA) on Thursday night shifted Munaf Kalia, Chief Executive Officer (CEO) of Khanani and Kalia International (KKI), to Karachi from Lahore. According to sources the KKI officer, who was arrested on November 7 from Karachi for
Published 21 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 20, 2008).

Published 21 Nov, 2008 12:00am
Inquiry into killing of former SSG commander ordered

Inquiry into killing of former SSG commander ordered

Advisor to the Prime Minister on Interior Rehman Malik has ordered immediate inquiry into assassination of former commander of Special Services Group (SSG) Major General Amir Faisal Alvi (Retd) and asked the investigators to submit report within three day
Published 21 Nov, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 20, 2008).

Published 21 Nov, 2008 12:00am
PCNS summons ministers, director general ISI

PCNS summons ministers, director general ISI

Parliamentary Committee on National Security (PCNS) has summoned Defence and Foreign ministers, advisor to the prime minister on interior and director general Inter Services Intelligence (ISI) to brief the committee on security situation in its next meeti
Published 21 Nov, 2008 12:00am
Italy contributes euros 1.507 million for Afghan refugees

Italy contributes euros 1.507 million for Afghan refugees

The United Nations High Commission for Refugees (UNHCR) has welcomed the Italian government's contribution of Euros 1.507 million for the well-being of Afghan refugee in Pakistan, saying it will help provide medicines and vaccines to 84 health centres in
Published 21 Nov, 2008 12:00am
Zardari chairs special meeting of Sindh Cabinet

Zardari chairs special meeting of Sindh Cabinet

Chinese companies are ready to work in agriculture development projects, like the construction of small dams and farming for the cultivation of floral yields. Sindh government would soon hold a meeting with Korean government authorities for establishing a
Published 21 Nov, 2008 12:00am
THE RUPEE: stable trend seen

THE RUPEE: stable trend seen

Stable trend was again witnessed on interbank market on Thursday as the rupee recovered another five paisa in relation to dollar for buying and selling at 79.35 and 79.40, dealers said. The dollar supply improved as the small investors sold the greenback
Published 21 Nov, 2008 12:00am
Drone attacks: Gilani denies any tacit understanding with US

Drone attacks: Gilani denies any tacit understanding with US

Prime Minister Syed Yousuf Raza Gilani has said the government has no tacit understanding with the US over drone attacks as the agitating opposition members in the National Assembly demanded of the government to take up the issue with the United Nation if
Published 21 Nov, 2008 12:00am
THE RUPEE: stable trend seen

THE RUPEE: stable trend seen

Stable trend was again witnessed on interbank market on Thursday as the rupee recovered another five paisa in relation to dollar for buying and selling at 79.35 and 79.40, dealers said. The dollar supply improved as the small investors sold the greenback
Published 21 Nov, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Our government never tired of giving new hopes. Every time the government twists some events happen on international level in such words from which it concludes that these events will do better for us in short to medium terms. These new hopes always come
Published 21 Nov, 2008 12:00am
NA-28 Buner by-election on December 28

NA-28 Buner by-election on December 28

Former Justice Qazi Muhammad Farooq, Chief Election Commissioner on Thursday announced that bye-election in constituency of NA-28 Buner, would be held on December 28, 2008. The seat has become vacant following the death of Abdul Matin Khan, MNA of the Awa
Published 21 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (November 20, 2008).

Published 21 Nov, 2008 12:00am
Government urged to extend retiring age of the judges

Government urged to extend retiring age of the judges

The Chairman, Senate Standing Committee on Interior, Senator Talha Mehmood has urged the government to fix the retiring age of the judges of higher judiciary at 70 and lower judiciary at 65. The Government should make legislation to increase the retiring
Published 21 Nov, 2008 12:00am
Fahim calls on Gilani

Fahim calls on Gilani

Federal Minister for Commerce Makhdoom Amin Fahim called on Prime Minister Syed Yousuf Raza Gilani on Thursday and briefed him about his recent visit to Maldives. In a meeting held at PM House, the prime minister said Pakistan welcomes Maldives' transitio
Published 21 Nov, 2008 12:00am
No change visible in the country: Nawaz

No change visible in the country: Nawaz

Pakistan Muslim League-Nawaz (PML-N) Quaid Mian Nawaz Sharif on Thursday said that no change is visible in the country despite end of Pervez Musharraf's illegal rule. He said this while talking to media men during his visit to Jehangir Tomb on Thursday. N
Published 21 Nov, 2008 12:00am
Revival of subsidy on agriculture inputs demanded

Revival of subsidy on agriculture inputs demanded

President, Kisan Board Pakistan (KBP), Sardar Zafar Hussain Khan strongly condemned the statement of Prime Minister's Advisor for Finance Shoukat Tarin in which he has stated that agriculture sector would be brought under the tax net. In a statement issue
Published 21 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Nov, 2008 12:00am
TMOs conference to be held on November 26

TMOs conference to be held on November 26

The Punjab local government and community development department has decided to hold conference of all Tehsil Municipal Officers and Town Municipal Officers of the province to review the performance of the Tehsil Municipal Administrations (TMAs).
Published 21 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Nov, 2008 12:00am
Lawyers take out rally, boycott courts

Lawyers take out rally, boycott courts

The lawyers, on the call of National Co-ordination Council of the lawyers, took out rally and boycotted the courts proceedings, demanding the restoration of all the sacked judges including sacked Chief Justice Iftikhar Muhammad Chaudhry.
Published 21 Nov, 2008 12:00am
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