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Print - 2009-02-28
The Weather

The Weather

The weather report on Friday (February 27, 2009) and the forecast for Saturday (February 28, 2009).

Published 28 Feb, 2009 12:00am
Dr Wasim Kausar named new IG of NH&MP

Dr Wasim Kausar named new IG of NH&MP

Dr Wasim Kausar has been appointed new Inspector General of National Highways and Motorway Police (NH&MP). He is the seventh Inspector General of National Highways and Motorway Police. He was also bestowed the outstanding performance award in 2002 by the
Published 28 Feb, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
AJK plans to produce and sell excess electricity

AJK plans to produce and sell excess electricity

Azad Jammu Kashmir government has evolved an integrated phased plan to utilise vast natural resources for generation of hydel power to meet power needs, official sources said. The sources told APP here Friday that only 300 megawatt of power was the requir
Published 28 Feb, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
BOC profit declines

BOC profit declines

The profit after tax of BOC Pakistan Limited has declined to Rs 402.106 million in the year ended December 31, 2008 as compared to Rs 459.049 million earned in the corresponding period in 2007. The company's earning per share decreased to Rs 16.06 in the
Published 28 Feb, 2009 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 28 Feb, 2009 12:00am
BOC profit declines

BOC profit declines

The profit after tax of BOC Pakistan Limited has declined to Rs 402.106 million in the year ended December 31, 2008 as compared to Rs 459.049 million earned in the corresponding period in 2007. The company's earning per share decreased to Rs 16.06 in the
Published 28 Feb, 2009 12:00am
Economic journalists: SECP workshop today

Economic journalists: SECP workshop today

The Security and Exchange Commission of Pakistan (SECP) would organise one-day training workshop for economic journalists here at a local hotel today (Saturday). The workshop is being organised by the SECP in collaboration with Centre for International Pr
Published 28 Feb, 2009 12:00am
'Local bodies role vital in rural development'

'Local bodies role vital in rural development'

Local bodies' institutions are playing a vital role for infrastructure development, especially in rural areas. District Nazim Muzaffargarh Malik Allah Dad Khar, while talking to newsmen on Friday, appreciated that the powers of local bodies had been resto
Published 28 Feb, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 28 Feb, 2009 12:00am
USAID will provide $16 million to promote technical education

USAID will provide $16 million to promote technical education

USAID will provide 16 million dollars for the promotion of technical education in collaboration with Tevta and private sector. Mohsin Syed, Chairman, Technical Education and Vocational Training Authority (Tevta) said this while chairing a meeting of the b
Published 28 Feb, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 28 Feb, 2009 12:00am
KUAA starts operations in Islamabad

KUAA starts operations in Islamabad

Karachi University Alumni Association (KUAA), Islamabad Chapter officially launched its operations Friday at a gathering of the old graduates of the University of Karachi now based in Islamabad. Vice Chancellor, University of Karachi, Pirzada Qasim was th
Published 28 Feb, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
Textile industry: MCCI hails decision to provide relief

Textile industry: MCCI hails decision to provide relief

President of Multan Chamber of Commerce & Industry (MCCI) Anis Ahmed Sheikh has welcomed the government's decision to provide relief to textile industry for its revival. In his statement issued here on Friday, he said that government has approved mark-up
Published 28 Feb, 2009 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (February 27, 2009) and for Saturday (February 28, 2009).
Published 28 Feb, 2009 12:00am
'Sasti Roti Programme' to continue: DCO

'Sasti Roti Programme' to continue: DCO

DCO Saeed Wahlah has said that "Sasti Roti Programme" shall continue under the instructions of governor Punjab, so the concerned officers should actively perform their duties for the relief of public. He informed this in a meeting, presided by him at his
Published 28 Feb, 2009 12:00am
Tandoor owners: 'supply of subsidised flour to continue'

Tandoor owners: 'supply of subsidised flour to continue'

Secretary Food Punjab Mohammad Irfan Elahi has said that under the arrangements of the Food Department supply of subsidised flour to tandoor owners is continuing and all flour mills are supplying flour to district administration according to their demand.
Published 28 Feb, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
Traders to support restoration of judiciary, PML-N

Traders to support restoration of judiciary, PML-N

Traders and business community has vowed to back up Sharif brothers and Pakistan Muslim Laegue-Nawaz (PML-N) and offered all sort of sacrifices in the struggle for restoration of judiciary and Sharif brothers eligibility. Following the call of Pakistan Tr
Published 28 Feb, 2009 12:00am
Multan HCBA demands lifting of governor rule

Multan HCBA demands lifting of governor rule

The provincial administration of Punjab should be handed over to the newly elected leader of the provincial assembly, demanded President of the High Court Bar Association Multan (HCBA) Mehmood Ashraf Khan and General Secretary Rana Naveed Akhtar here on F
Published 28 Feb, 2009 12:00am
LHCBA polling to be held today

LHCBA polling to be held today

More than 8000 members of Lahore High Court Bar Association (LHCBA) will exercise their right of vote on polling day here on Saturday (today) that will continue from 9am to 5pm with one hour lunch break. The polling would be held at LHCBA premises.
Published 28 Feb, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
UK lawyers show solidarity with Lord Nazir

UK lawyers show solidarity with Lord Nazir

Association of Pakistani Lawyers have expressed solidarity with the first Labour British Muslim Peer Lord Nazir Ahmed who has been sentenced to 12 weeks jail sentence on account of dangerous driving. A statement issued by the APL which comprise Pakistani
Published 28 Feb, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
Imposing governor's rule: PML-N leaders condemn Zardari, Taseer

Imposing governor's rule: PML-N leaders condemn Zardari, Taseer

Pakistan Muslim League-N leaders Rana Mehmood-ul-Hassan MNA, Members of Punjab Assembly Shahid Mehmood Khan, Abdul Waheed Arain, Amar Saeed Ansari, former Punjab Minister for Auqaf Haji Ehsan-uddin Qureshi condemned President Asif Zardari and Governor Sal
Published 28 Feb, 2009 12:00am
Site issues show cause notices to 144 plot holders

Site issues show cause notices to 144 plot holders

The Sindh Industrial and Trading Estate (Site) Limited has issued show cause notices to around 114 plot holders in Site industrial area as their allotment and regularisation has been found illegal. According to industrialists the Site Limited in its show
Published 28 Feb, 2009 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

Bearish sentiment was seen on the currency market on Friday as buyers were trying to cover the forward requirements, dealers said. On the interbank market the rupee gave up overnight gains in relation to dollar, dropping fives paisa for buying at 79.90 a
Published 28 Feb, 2009 12:00am
Weekly inflation surges to 24.49 percent

Weekly inflation surges to 24.49 percent

Weekly inflation measured through SPI surged by 24.49 per cent on February 26 over the same period of last year owing to increase in the price of vegetables, fruits and other essential commodities, revealed the Federal Bureau of Statistics (FBS) on Friday
Published 28 Feb, 2009 12:00am
THE RUPEE: dollar recovers

THE RUPEE: dollar recovers

Bearish sentiment was seen on the currency market on Friday as buyers were trying to cover the forward requirements, dealers said. On the interbank market the rupee gave up overnight gains in relation to dollar, dropping fives paisa for buying at 79.90 a
Published 28 Feb, 2009 12:00am
PML-N rules out availing benefit from NRO

PML-N rules out availing benefit from NRO

The Pakistan Muslim League Nawaz (PML-N) has ruled out any possibility of availing benefit from the controversial National Reconciliation Ordinance (NRO), if offered by the government. Reacting to the statement of the Prime Minister Yousuf Raza Gilani on
Published 28 Feb, 2009 12:00am
LHC moved against imposition of Governor's rule

LHC moved against imposition of Governor's rule

Lahore High Court was moved on Friday against the imposition of Governor's Rule in Punjab by the president. The petitioner, Tariq Aziz advocate, has made the federal and Punjab governments, speaker Punjab assembly and former chief minister Mian Shahbaz Sh
Published 28 Feb, 2009 12:00am
Media could be the first casualty if democracy is derailed: PFUJ

Media could be the first casualty if democracy is derailed: PFUJ

Pakistan Federal Union of Journalists (PFUJ), on Friday warned the political forces that media can be the first casualty if democracy is derailed in the wake of the Supreme Court judgement against Sharif brothers and appealed democratic forces to show pol
Published 28 Feb, 2009 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
Attack on school van kills one in NWFP

Attack on school van kills one in NWFP

Gunmen attacked a mini van transporting children to school in troubled North West Frontier Province on Friday, killing its driver and leaving two students wounded, police said. Five other students were kidnapped by the attackers who ambushed the vehicle o
Published 28 Feb, 2009 12:00am
US government to boost stake in Citigroup

US government to boost stake in Citigroup

The US government will boost its stake in Citigroup under a deal announced Friday aimed at shoring up confidence in the troubled banking giant. The government''s stake will be raised to 36 percent from the current eight percent under the plan to convert 2
Published 28 Feb, 2009 12:00am
US government to boost stake in Citigroup

US government to boost stake in Citigroup

The US government will boost its stake in Citigroup under a deal announced Friday aimed at shoring up confidence in the troubled banking giant. The government's stake will be raised to 36 percent from the current eight percent under the plan to convert 25
Published 28 Feb, 2009 12:00am
US government to boost stake in Citigroup

US government to boost stake in Citigroup

The US government will boost its stake in Citigroup under a deal announced Friday aimed at shoring up confidence in the troubled banking giant. The government's stake will be raised to 36 percent from the current eight percent under the plan to convert 25
Published 28 Feb, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Feb, 2009 12:00am
Meetings helped bridge trust deficit: Qureshi

Meetings helped bridge trust deficit: Qureshi

Foreign Minister Shah Mehmood Qureshi on Thursday concluded Pakistan's participation in the three-way consultative talks with the United States and Afghanistan with an upbeat assessment, saying the anti-terrorism allies took a "significant leap in bridgin
Published 28 Feb, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
Meetings helped bridge trust deficit: Qureshi

Meetings helped bridge trust deficit: Qureshi

Foreign Minister Shah Mehmood Qureshi on Thursday concluded Pakistan's participation in the three-way consultative talks with the United States and Afghanistan with an upbeat assessment, saying the anti-terrorism allies took a "significant leap in bridgin
Published 28 Feb, 2009 12:00am
Developing nations launch seed bank to boost food production

Developing nations launch seed bank to boost food production

Leaders of developing Muslim nations agreed Friday to set up a regional seed bank as part of initiatives aimed at boosting agricultural production and averting a possible food crisis. The agreement came as agriculture ministers and business officials from
Published 28 Feb, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Feb, 2009 12:00am
Developing nations launch seed bank to boost food production

Developing nations launch seed bank to boost food production

Leaders of developing Muslim nations agreed Friday to set up a regional seed bank as part of initiatives aimed at boosting agricultural production and averting a possible food crisis. The agreement came as agriculture ministers and business officials from
Published 28 Feb, 2009 12:00am
Developing nations launch seed bank to boost food production

Developing nations launch seed bank to boost food production

Leaders of developing Muslim nations agreed Friday to set up a regional seed bank as part of initiatives aimed at boosting agricultural production and averting a possible food crisis. The agreement came as agriculture ministers and business officials from
Published 28 Feb, 2009 12:00am
Afghan foreign minister urges US to engage with Iran on conflict

Afghan foreign minister urges US to engage with Iran on conflict

The United States should engage Iran as an "important regional player" on Afghan security and reconstruction issues, Afghanistan's foreign minister said on Friday. "I hope that with the new administration here in Washington come some changes in the bilate
Published 28 Feb, 2009 12:00am
Afghan foreign minister urges US to engage with Iran on conflict

Afghan foreign minister urges US to engage with Iran on conflict

The United States should engage Iran as an "important regional player" on Afghan security and reconstruction issues, Afghanistan's foreign minister said on Friday. "I hope that with the new administration here in Washington come some changes in the bilate
Published 28 Feb, 2009 12:00am
Bangladesh army says no pardon for killings

Bangladesh army says no pardon for killings

Bangladesh's army, reeling from a deadly revolt by border guards who killed dozens of senior officers, reasserted its power early Saturday by promising to bring those behind the deaths to justice. Second in command Lieutenant General M.A. Mubin made a nat
Published 28 Feb, 2009 12:00am
Bangladesh army says no pardon for killings

Bangladesh army says no pardon for killings

Bangladesh's army, reeling from a deadly revolt by border guards who killed dozens of senior officers, reasserted its power early Saturday by promising to bring those behind the deaths to justice. Second in command Lieutenant General M.A. Mubin made a nat
Published 28 Feb, 2009 12:00am
SBP chief asks banks to increase SME financing

SBP chief asks banks to increase SME financing

Syed Salim Raza, Governor State Bank of Pakistan, today asked the commercial banks to make concerted efforts to explore new avenues of business, especially financing to small and medium-sized enterprises (SMEs), which play a critical role in employment ge
Published 28 Feb, 2009 12:00am
SBP chief asks banks to increase SME financing

SBP chief asks banks to increase SME financing

Syed Salim Raza, Governor State Bank of Pakistan, today asked the commercial banks to make concerted efforts to explore new avenues of business, especially financing to small and medium-sized enterprises (SMEs), which play a critical role in employment ge
Published 28 Feb, 2009 12:00am
SBP chief asks banks to increase SME financing

SBP chief asks banks to increase SME financing

Syed Salim Raza, Governor State Bank of Pakistan, today asked the commercial banks to make concerted efforts to explore new avenues of business, especially financing to small and medium-sized enterprises (SMEs), which play a critical role in employment ge
Published 28 Feb, 2009 12:00am
ARL shows loss

ARL shows loss

Attock Refinery Limited (ARL) has posted Rs 689.002 million as after tax loss in the half year period ended December 31, 2008 as compared to after tax earning of Rs 1,632.893 million recorded in the corresponding period in 2007. The board of directors at
Published 28 Feb, 2009 12:00am
ARL shows loss

ARL shows loss

Attock Refinery Limited (ARL) has posted Rs 689.002 million as after tax loss in the half year period ended December 31, 2008 as compared to after tax earning of Rs 1,632.893 million recorded in the corresponding period in 2007. The board of directors at
Published 28 Feb, 2009 12:00am
PTCL posts Rs 5.314 billion profit after tax

PTCL posts Rs 5.314 billion profit after tax

Pakistan Telecommunication Company Limited (PTCL) has posted Rs 5.314 billion as profit after tax in the half year period ended December 31, 2008 as compared to after tax loss of Rs 9.541 billion in the corresponding period in 2007. The board of directors
Published 28 Feb, 2009 12:00am
PTCL posts Rs 5.314 billion profit after tax

PTCL posts Rs 5.314 billion profit after tax

Pakistan Telecommunication Company Limited (PTCL) has posted Rs 5.314 billion as profit after tax in the half year period ended December 31, 2008 as compared to after tax loss of Rs 9.541 billion in the corresponding period in 2007. The board of directors
Published 28 Feb, 2009 12:00am
Half-year results: NIT earns profit

Half-year results: NIT earns profit

NIT has earned a net profit of Rs 877 million and Rs 742 million in respect of LOC-Fund and Non-LOC Fund respectively in the half year period ended December 31, 2008. This was stated by Tariq Iqbal Khan Chairman and MD - NIT in a press release issued here
Published 28 Feb, 2009 12:00am
Half-year results: NIT earns profit

Half-year results: NIT earns profit

NIT has earned a net profit of Rs 877 million and Rs 742 million in respect of LOC-Fund and Non-LOC Fund respectively in the half year period ended December 31, 2008. This was stated by Tariq Iqbal Khan Chairman and MD - NIT in a press release issued here
Published 28 Feb, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 27, 2009).

Published 28 Feb, 2009 12:00am
Asean signs free trade pact, puts off rights body

Asean signs free trade pact, puts off rights body

Southeast Asian economic ministers ratified on Friday a major free trade area with Australia and New Zealand, while seeking to downplay fears of protectionism as global economic conditions worsen. But foreign ministers from the Association of Southeast As
Published 28 Feb, 2009 12:00am
Asean signs free trade pact, puts off rights body

Asean signs free trade pact, puts off rights body

Southeast Asian economic ministers ratified on Friday a major free trade area with Australia and New Zealand, while seeking to downplay fears of protectionism as global economic conditions worsen. But foreign ministers from the Association of Southeast As
Published 28 Feb, 2009 12:00am
Asean signs free trade pact, puts off rights body

Asean signs free trade pact, puts off rights body

Southeast Asian economic ministers ratified on Friday a major free trade area with Australia and New Zealand, while seeking to downplay fears of protectionism as global economic conditions worsen. But foreign ministers from the Association of Southeast As
Published 28 Feb, 2009 12:00am
India says prepared for threats, ramps up security

India says prepared for threats, ramps up security

India said Friday it was ready to deal with any terrorist threat and announced new security measures in response to the deadly militant attacks on Mumbai last November. "We will back our diplomatic efforts with a high degree of preparedness to meet any te
Published 28 Feb, 2009 12:00am