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Sep 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-12-20
Mistimed

Mistimed

This is in reference to the recent unpleasant incident involving US President George Bush when a local journalist, annoyed over the US invasion of Iraq, threw his shoes at him. But the President ducked in time to avoid contact, and the journalist failed t
Published 20 Dec, 2008 12:00am
Right name for the province

Right name for the province

I am one of those many who wonder why the province from which our Pathan brothers hail is not named after them. The province from which Punjabis hail is named Punjab, the province from which Balochis hail is named Balochistan, the province from which sind
Published 20 Dec, 2008 12:00am
'Redefining piracy at sea as criminal act'

'Redefining piracy at sea as criminal act'

The Maritime Safety Committee MSC/85 of December, 2008 of International Maritime Organisation had on its agenda piracy at sea, being the priority item. It was IMO, which drew the attention of U N Security Council by its assembly resolution 2005-A 979 (24)
Published 20 Dec, 2008 12:00am
Tough corruption battle in Asia despite campaigns

Tough corruption battle in Asia despite campaigns

Fugitive former Thai Prime Minister Thaksin Shinawatra is looking for an exile home to avoid a prison sentence for corruption. An ex-Indonesian central bank chief has been sent to jail for five years on corruption charges. Malaysia's ruling party is shake
Published 20 Dec, 2008 12:00am
Low cost housing project turned sour

Low cost housing project turned sour

According to a section of the Press, the 60 billion rupee Prime Minister's Housing Programme is in danger of being awarded to a UK based company, Imperial Houses (Pvt) Limited (IHL) with, surprisingly no web presence though there is web presence of Imperi
Published 20 Dec, 2008 12:00am
PAC's stern directives to ERRA

PAC's stern directives to ERRA

According to a Recorder Report from Islamabad, a meeting of the Public Accounts Committee (PAC), chaired by Chaudhry Nisar Ali Khan, took strong exception to the bogus payments of Rs 94.125 million to 1,255 non-entitled people only in Muzaffarabad,
Published 20 Dec, 2008 12:00am
FAP's concern over shortage of water

FAP's concern over shortage of water

Farmers Association of Pakistan (FAP), expressing concern over water shortage for agriculture sector, has urged the government to take some practical steps to overcome this problem. The organisation, in its recently held meeting, said during the Rabi seas
Published 20 Dec, 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 20 Dec, 2008 12:00am
Science and Engineering Fair concludes

Science and Engineering Fair concludes

A three-day International Science and Engineering Fair (ISEF) organised by the Education Department, Punjab in collaboration with Intel Pakistan concluded at Children's Library Complex on Friday. A science exhibition, part of the fair was held in which 92
Published 20 Dec, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Promotion of quality education top priority: Shahbaz

Promotion of quality education top priority: Shahbaz

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has said that elimination of illiteracy and ignorance as well as promotion of quality education is his top priority for equipping the youth with modern education so as to ensure a bright future for the c
Published 20 Dec, 2008 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Prgmea hails Tarin's statement on R&D fund availability

Prgmea hails Tarin's statement on R&D fund availability

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has hailed the Advisor to Prime Minister on Finance Shaukat Tarin for instilling hope to the confidence-starved garments sector by stating that chances of extension of resear
Published 20 Dec, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Saturday, (December 20, 2008).

Published 20 Dec, 2008 12:00am
Poor planning of projects resulted in loss of public money: Shahbaz

Poor planning of projects resulted in loss of public money: Shahbaz

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has said that ill planning of various projects during last eight years has resulted in loss of huge public money. Presiding over a high level meeting he said that construction of Software Technology Park
Published 20 Dec, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Saturday, (December 20, 2008).

Published 20 Dec, 2008 12:00am
All set to celebrate 2009 as 'Year of Environment'

All set to celebrate 2009 as 'Year of Environment'

The Environment Ministry is all set to celebrate 2009 as the 'National Year of Environment' and finalised activities in this regard. It was decided in a meeting held here on Friday with Federal Environment Minister, Hameedullah Jan Afridi in the chair. Se
Published 20 Dec, 2008 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Saturday, (December 20, 2008).

Published 20 Dec, 2008 12:00am
CDA acts to take over Malpur completely

CDA acts to take over Malpur completely

The land falling in village Malpur was acquired in 1960 and possession of some part of the village was taken by the Capital Development Authority (CDA). However, some of the issues remained pending and the CDA could not take over the complete possession o
Published 20 Dec, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Women parliamentarians condemn terrorism: resolution passed

Women parliamentarians condemn terrorism: resolution passed

Pakistan women parliamentarians caucus has passed a unanimous resolution condemning terrorism in all its forms and manifestation and has urged the regional governments to eliminate poverty, unemployment and social injustices from their respective countrie
Published 20 Dec, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (December 19, 2008) and for Saturday (December 20, 2008).
Published 20 Dec, 2008 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted eight senior officials of the income tax group with immediate effect.
Published 20 Dec, 2008 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Chitral cut off from country after heavy snowfall

Chitral cut off from country after heavy snowfall

Heavy snowfall on Lowari Pass during last three days has blocked land route connecting the impoverished Chitral with other districts of the North West Frontier Province (NWFP) and Chitralis have been stranded either in their home district or in other part
Published 20 Dec, 2008 12:00am
PTCL hands over car keys to lucky draw winner

PTCL hands over car keys to lucky draw winner

SEVP Commercial, PTCL, Sadik-Al-Jadir handed over the car keys to the bumper prize (Suzuki Mehran 800cc) winner Muntazir Mehdi in a ceremony held here at PTCL Headquarters on Thursday.
Published 20 Dec, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Baker fined

Baker fined

The Lahore District Consumer Court on Friday imposed a fine of Rs 5,038 upon a bakers shop at Garhi Shahu Lahore for selling a fruitcake having hair in it. The Petitioner, Fahad Noor submitted that he purchased a cake from the respondent bakery and as he
Published 20 Dec, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Death condoled

Death condoled

The President, Lahore Chamber of Commerce and industry (LCCI), Mian Muzaffar Ali, Senior Vice President. Tahir Javed Malik and Vice President, Irfan Iqbal Sheikh expressed their heartfelt sorrow over the sad demise of the mother of senior journalist, Fakh
Published 20 Dec, 2008 12:00am
'20 megawatts captive power unit now more viable'

'20 megawatts captive power unit now more viable'

'Owing to the downward trend in the prices of furnace oil in the country, 20mw captive power unit is now more viable,' the Director, Flying Cement Company Limited (FCCL), Qasim Khan said in a statement issued on Friday. He said that completion of Wapda Gr
Published 20 Dec, 2008 12:00am
LHC dismisses petition

LHC dismisses petition

The Lahore High Court (LHC) on Friday dismissed a petition of contract company seeking direction for the government not to terminate its contract of building Lahore-Kasur road and observed that there is no need to hear this petition as the petitioner, had
Published 20 Dec, 2008 12:00am
THE RUPEE: mixed trend on currency market

THE RUPEE: mixed trend on currency market

The rupee-dollar official parity rates moved both ways on the currency market on Friday, dealers said. The rupee gained five paisa against dollar on the interbank market for buying and selling at 79.40 and 79.45, they said.
Published 20 Dec, 2008 12:00am
Meeting reviews progress on 'Carpet Nagar'

Meeting reviews progress on 'Carpet Nagar'

The contact group, constituted earlier to expedite pace of work on the establishment of Carpet Nagar (village) in the vicinity of Peshawar was met under the chairmanship of the NWFP Governor, Owais Ahmed Ghani at Governor House and reviewed the progress i
Published 20 Dec, 2008 12:00am
THE RUPEE: mixed trend on currency market

THE RUPEE: mixed trend on currency market

The rupee-dollar official parity rates moved both ways on the currency market on Friday, dealers said. The rupee gained five paisa against dollar on the interbank market for buying and selling at 79.40 and 79.45, they said.
Published 20 Dec, 2008 12:00am
Six ordinances placed before NWFP Assembly for ratification

Six ordinances placed before NWFP Assembly for ratification

The government of NWFP on Friday tabled six ordinances promulgated by the governor during last three months for ratification from the provincial legislature. The ordinances presented in the house included the Defence Housing Authority Peshawar Ordinance 2
Published 20 Dec, 2008 12:00am
Human rights body appeals for Iraqi journalist's release

Human rights body appeals for Iraqi journalist's release

The Human Rights Society of Pakistan (HRSP) has appealed for the release of Iraqi Journalist, Muntazar Al Zaidi, who has been arrested for hurling shoes on the US President during his visit to Baghdad. The HRSP at its meeting held in Lahore condemned tort
Published 20 Dec, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Commissioner orders action against canal water thieves

Commissioner orders action against canal water thieves

Faisalabad Divisional Commissioner Zahid Saeed has said that under the directives of Punjab Chief Minister Shahbaz Sharif, special measures have been initiated to ensure the provision of canal water at the tail ends of the canals and distributaries in the
Published 20 Dec, 2008 12:00am
Anti-India rally held in Chaman

Anti-India rally held in Chaman

Hundreds of protesters on Friday burnt an Indian flag and an effigy of Indian Prime Minister Manmohan Singh, underscoring mounting tensions in the wake of the Mumbai attacks. Tribal elders, politicians and residents attended the anti-India rally in the so
Published 20 Dec, 2008 12:00am
PDP chief terms US think tank report biased

PDP chief terms US think tank report biased

Nawabzada Mansoor Ahmed Khan Chief of Pakistan Democratic Party (PDP) has said that report of a US think tank, experts on Pakistan, depicted a dismal picture of the country.
Published 20 Dec, 2008 12:00am
UN launches advocacy drive to help IDPs

UN launches advocacy drive to help IDPs

The United Nations on Friday launched a yearlong advocacy campaign to help millions of internally displaced persons (IDPs), focusing on mitigating the impact of conflict and natural disasters that drive so many people from their homes within their own cou
Published 20 Dec, 2008 12:00am
Rich tributes paid to Alizai

Rich tributes paid to Alizai

Mango Growers Association (MGA) leaders Syed Zahid Hussain Gardezi, Mian Fazal Hussain Peerzada, Malik Waqar Ahmed Awan, Nasir Abbas Jafri, Muhammad Khan Sadozai, Nawabzada Zaheeruddin Khan Alizai, Syed Khizer Abbas Bukhari, Syed Shahbaz Shah and Chaudry
Published 20 Dec, 2008 12:00am
President and Prime Minister condole

President and Prime Minister condole

President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani on Friday expressed sorrow over the demise of the mother of Saleh Zaafir, senior journalist of a national daily. In their separate messages, President Zardari and Prime Minister Gilani praye
Published 20 Dec, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Dec, 2008 12:00am
Sacked employees to be reinstated soon

Sacked employees to be reinstated soon

People's Labour Bureau Multan Division President Malik Bashir Ahmed on Friday reiterated that Pakistan People's Party-led government would reinstate the dismissed employees in addition to confirmation of contractual employees before start of new year 2009
Published 20 Dec, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Dec, 2008 12:00am
Maligning PML-N chief criticised

Maligning PML-N chief criticised

Pakistan Muslim League (N) Multan leaders Allah Nawaz Khan Durrani, district president, Shaikh Athar Mumtaz, general secretary, Zafar Qadri, secretary information, Rana Noor-ul-Hassan, city president, Rana Mehmood-ul-Hassan, MNA, Abdul Waheed Arain, MPA,
Published 20 Dec, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Dec, 2008 12:00am
PML-N for purging Constitution of remains of dictatorship

PML-N for purging Constitution of remains of dictatorship

Former Prime Minister and Pakistan Muslim League-Nawaz (PML-N) Quaid Muhammad Nawaz Sharif on Friday said that time had come to purge the Constitution of Pakistan and political system from ill effects of dictatorship.
Published 20 Dec, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
'Nawaz paying heavy price for peace, stability'

'Nawaz paying heavy price for peace, stability'

Central Finance Secretary of Pakistan Muslim League-Nawaz Muhammad Pervaiz Malik has said that PML-N Quaid Mian Nawaz Sharif is paying heavy price for peace and stability in the country. Speaking at a party meeting, here on Friday, Malik said.
Published 20 Dec, 2008 12:00am
PML-N condemns 'malicious' campaign against Nawaz

PML-N condemns 'malicious' campaign against Nawaz

Pakistan Muslim League-Nawaz (PML-N) on Friday rejected the allegation levelled against party chief Nawaz Sharif that he had illegally migrated his daughter from one Medical college to another by using his influence during his first stint as prime ministe
Published 20 Dec, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Dec, 2008 12:00am
Sitting of advisors in Parliament sessions opposed

Sitting of advisors in Parliament sessions opposed

The appointment of advisors, their sitting in the Parliament and responding to the queries of parliamentarians became controversial in National Assembly on Friday, when an opposition lawmaker termed the practice as humiliation of elected representatives.
Published 20 Dec, 2008 12:00am
Ministry to give cash support to needy Christians

Ministry to give cash support to needy Christians

The Ministry of Minorities Affairs has planned to extend financial support to the needy members of Christian community so that they have cash in hand to celebrate Christmas with their hearts liking. Federal Minister for Minorities Affairs, Shahbaz Bhatti
Published 20 Dec, 2008 12:00am
All set to celebrate Christmas in Hyderabad

All set to celebrate Christmas in Hyderabad

The Christian community of Hyderabad is busy in finalising arrangements to celebrate Christmas with all festivity. In view of the fast approaching Christmas and New Year celebrations, boutiques are coming forward with their new collection and people say t
Published 20 Dec, 2008 12:00am
Two million bales of cotton to be imported this year

Two million bales of cotton to be imported this year

Pakistan will have to import 2 million bales of cotton for consumption by local textile industry, which would cost $300 million, if cotton prices did not increase in world market. About 12.1 million cotton bales are estimated to be produced during the cur
Published 20 Dec, 2008 12:00am
ASF takes passenger into custody

ASF takes passenger into custody

Airport Security Force (ASF) took a passenger into custody who had made a call to the plane crew from his cellular phone that a bomb was planted in Multan bound Boeing PK-385 flight coming from Lahore which would explode within half an hour.
Published 20 Dec, 2008 12:00am
Police in action against violators of 'One Dish' law

Police in action against violators of 'One Dish' law

Rawalpindi Police has started a crackdown against the violators of Marriage Function Ordinance of One Dish and legal action has been taken against 14 people. During marriage functions, these persons were involved in firing, unnecessary firework display, h
Published 20 Dec, 2008 12:00am
Landirenzo to set up new CNG kit assembly line

Landirenzo to set up new CNG kit assembly line

The Italian manufacturer of CNG kit, Landirenzo (LR) S.P.A. will establish a new assembly line in Pakistan to produce 15,000 CNG kits per month exclusively for export purposes. This was stated by Francesco Grillo, head of business development LR. He said
Published 20 Dec, 2008 12:00am
Parliament supreme in its own right: Soomro

Parliament supreme in its own right: Soomro

Senate Chairman Mohammadmian Somroo has said that Constitution is supreme as it guides all the state organs to function within their own sphere and the respective jurisdictions must be respected. In his winding up remarks with reference to Farah Hameed Do
Published 20 Dec, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Pepco facing Rs 400 billion circular debt; National Assembly told

Pepco facing Rs 400 billion circular debt; National Assembly told

The government on Friday told the National Assembly that Pakistan Electric Power Company (Pepco) is facing Rs 400 billion circular debt. The Minister for Water and Power Raja Pervez Ashraf while responding to a question said that Pepco owes Rs 165 billion
Published 20 Dec, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Nothing can happen more interesting than what was witnessed in the two houses of parliament on Friday. The upper house was echoed with comments for and against the Chief Justice Abdul Hameed Dogar's daughter case. But in National Assembly, the PML (N) law
Published 20 Dec, 2008 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (December 19, 2008).

Published 20 Dec, 2008 12:00am
Government not involved in Mariam Nawaz case: Sherry

Government not involved in Mariam Nawaz case: Sherry

Information Minister Sherry Rehman has said that PPP government had nothing to do with PML-N chief Nawaz Sharif's daughter case as the party did not indulge in such tactics. Talking to media persons in the Parliament House here on Friday, she hoped that P
Published 20 Dec, 2008 12:00am
János Fehér elected new chairman PPEPCA

János Fehér elected new chairman PPEPCA

János Fehér, Managing Director and CEO of MOL Pakistan Oil & Gas Co B.V has been elected as the Chairman Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) for the year 2008-2009. According to a press release issued here on Frida
Published 20 Dec, 2008 12:00am
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