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Print - 2009-03-28
Governor rule petition hearing adjourned till March 31

Governor rule petition hearing adjourned till March 31

Advocate Khawaja Haris Ahmad representing Punjab Assembly Deputy Speaker before a full bench of the Lahore High Court, hearing several identical petitions challenging Governor Rule in Punjab said that if the Supreme Court suspends Sharif brothers disquali
Published 28 Mar, 2009 12:00am
BRIDGE NOTES: It pays to play safe

BRIDGE NOTES: It pays to play safe

Bridge is a game of options and judgement sometimes the bidding sways the judgement and, at other times, declarer gathers inferences from each card played to build that possible distribution of the opponents cards which can give him the contract.
Published 28 Mar, 2009 12:00am
France welcomes new US strategy for Afghanistan

France welcomes new US strategy for Afghanistan

France welcomed on Friday the new US strategy for Afghanistan unveiled by President Barack Obama, saying it was exactly what Paris had been seeking for months. "We are pleased to see that the United States are putting the full strength of their efforts an
Published 28 Mar, 2009 12:00am
New York cotton

New York cotton

Thursdays closing prices of New York cotton in US cents/lb.

Published 28 Mar, 2009 12:00am
Kerry vows quick passage of aid bill

Kerry vows quick passage of aid bill

US Senate Foreign Relations Committee Chairman John Kerry on Friday hailed President Barack Obamas new strategy for Afghanistan and Pakistan as realistic and bold and vowed to enact a legislative measure on authorising massive economic aid for Pakistan.
Published 28 Mar, 2009 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 28 Mar, 2009 12:00am
Gilani law college at Bahauddin Zakariya University approved

Gilani law college at Bahauddin Zakariya University approved

A project submitted by Higher Education Commission (HEC) regarding establishment of Gilani Law College at Bahauddin Zakariya University, Multan has been approved by the CDWP of Planning Commission, recently.
Published 28 Mar, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 28 Mar, 2009 12:00am
61st AGM of MCB held

61st AGM of MCB held

The 61st Annual General Meeting (AGM) of MCB Bank Limited under the chairmanship of Aftab Ahmed Khan was held on Friday in Islamabad to transact the ordinary and special business of the bank. The chairman informed the members that during the year 2008 MCB
Published 28 Mar, 2009 12:00am
New York cotton

New York cotton

Thursdays closing prices of New York cotton in US cents/lb.

Published 28 Mar, 2009 12:00am
Malaysian diplomat meets Shahbaz

Malaysian diplomat meets Shahbaz

Malaysian High Commissioner to Pakistan Ahmad Shehzan Bin Abdul Samad called on President Pakistan Muslim League-N Mian Shahbaz Sharif on Friday and discussed various matters of mutual interests. Sources told Business Recorder that during the meeti
Published 28 Mar, 2009 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 27, 2009).

Published 28 Mar, 2009 12:00am
Sindh chief ministers advisor for check on flour black marketeers

Sindh chief ministers advisor for check on flour black marketeers

Advisor to Chief Minister Sindh Sharmilla Faruqui has stressed the need to chalk out a comprehensive strategy to resolve the prevailing issue of shortage and exorbitant rates of wheat flour in the province. Talking to media persons during her visit to Mal
Published 28 Mar, 2009 12:00am
Northern Areas judges pay, allowances raised

Northern Areas judges pay, allowances raised

The Prime Minister has enhanced the pay, allowances and privileges admissible to CJ, Judges of Supreme Appellate Court, Northern Areas equivalent to those admissible to the Chief Justice and Judges of the Supreme Court of AJK.
Published 28 Mar, 2009 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 27, 2009).

Published 28 Mar, 2009 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 27, 2009).

Published 28 Mar, 2009 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 27, 2009).

Published 28 Mar, 2009 12:00am
50,000 children suffering from kidney diseases: expert

50,000 children suffering from kidney diseases: expert

Currently 50,000 children are suffering from renal diseases in the country, while only 400 children could be given kidney transplantation annually due to lack of paediatric nephrologists in Pakistan. Professor Gaffar Billoo, an expert paediatric consultan
Published 28 Mar, 2009 12:00am
Custom CARE authority has no time to meet KCCI team!

Custom CARE authority has no time to meet KCCI team!

Custom CARE authority has no time to see the delegation of Karachi Chamber of Commerce and Industry (KCCI) headed by Senior Vice President of KCCI Jawed Bilwani wanted to meet the authority and discuss important issues relating to trade and industry.
Published 28 Mar, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 27, 2009).
Published 28 Mar, 2009 12:00am
CII for inclusion of domestic violence in PPC

CII for inclusion of domestic violence in PPC

The Council of Islamic Ideology (CII) on Friday, under section 332 of Pakistan Penal Code, unanimously recommended to include domestic violence in the definition of Zarar (inflecting any injury or damage). The CII voiced concern over the increasing number
Published 28 Mar, 2009 12:00am
PML-N to remain calm, cool during presidential address

PML-N to remain calm, cool during presidential address

The major opposition party in the Parliament, Pakistan Muslim League-N (PML-N) has decided in principle to remain calm and cool during the second Presidential address to the joint session of the Parliament on Saturday (today).
Published 28 Mar, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 27, 2009).

Published 28 Mar, 2009 12:00am
Gold imports fall by 77 percent

Gold imports fall by 77 percent

All Sindh Sarraf Jewellers Association (ASSJA) Sindh president, Haroon Rashid Chand has said that 10 kilograms of gold worth Rs 25 million was imported in February 2009 as against 43 kilograms in January 2009. Which was valued at Rs 96 million.
Published 28 Mar, 2009 12:00am
Sale of Toxic products: CDGK campaigns against violators

Sale of Toxic products: CDGK campaigns against violators

Though the City District Government Karachi (CDGK) has initiated stern campaign against the makers and the sellers of chewing tobacco, the vendors are unabashedly selling the toxic products under the safe-shelter of the law enforcers. A large number of yo
Published 28 Mar, 2009 12:00am
Pakistan determined to stabilise Afghanistan: Foreign Minister

Pakistan determined to stabilise Afghanistan: Foreign Minister

Foreign Minister Shah Mehmood Qureshi on Friday said that Pakistan was making determined efforts to stabilise the situation along its border with Afghanistan. "Pakistan has a central role in facilitating the stabilisation process in Afghanistan, and we re
Published 28 Mar, 2009 12:00am
Pakistan determined to stabilise Afghanistan: Foreign Minister

Pakistan determined to stabilise Afghanistan: Foreign Minister

Foreign Minister Shah Mehmood Qureshi on Friday said that Pakistan was making determined efforts to stabilise the situation along its border with Afghanistan. "Pakistan has a central role in facilitating the stabilisation process in Afghanistan, and we re
Published 28 Mar, 2009 12:00am
Hashoo Group of Companies launches GDCPL

Hashoo Group of Companies launches GDCPL

Hashoo Group of Companies, which is already engaged in oil and gas exploration and production in Pakistan through its companies namely Orient Petroleum International Inc (OPII) and Zaver Petroleum Corporation Limited (ZPCL), has launched Global Drilling C
Published 28 Mar, 2009 12:00am
Qureshi hails new US plan for Afghanistan

Qureshi hails new US plan for Afghanistan

Pakistan on Friday welcomed US President Barack Obamas new strategy in Afghanistan and promised to play "an active, constructive role" in it. "I think the new Obama administrations approach is a very positive approach. They are looking towards a regional
Published 28 Mar, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

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

Published 28 Mar, 2009 12:00am
Ijaz shifted to Services Hospital

Ijaz shifted to Services Hospital

Former Test cricketer and fielding coach of Pakistan Cricket Board (PCB) Ijaz Ahmed, who was arrested by local police on Thursday in bogus cheques case, was shifted to Services Hospital on Friday following asthma attack and high blood pressure in lock-up
Published 28 Mar, 2009 12:00am
Emaar launches sale of limited collection of Mirador villas

Emaar launches sale of limited collection of Mirador villas

Emaar Pakistan, the country subsidiary of global property developer Emaar Properties PJSC, will launch sales of a limited collection of Mirador villas in its Canyon Views mixed-use community on March 28, 2009. The event will be held at the sales centers o
Published 28 Mar, 2009 12:00am
PML-N forcing PML-Q MPs to change loyalties: Shujaat

PML-N forcing PML-Q MPs to change loyalties: Shujaat

Pakistan Muslim League (Quaid) President Chaudhry Shujaat on Friday accused PML-N of pressurising its ticket holders in Punjab to change their loyalties in a bid to complete the required number of MPAs to form government in the province. Addressing a pres
Published 28 Mar, 2009 12:00am
LCCI urges FBR not to carry physical audit

LCCI urges FBR not to carry physical audit

The Lahore Chamber of Commerce and Industry (LCCI), while expressing its concern over the issuance of audit notices, has urged the Federal Board of Revenue (FBR) not to carry physical audit before December 2009 in view of the government promise made in 20
Published 28 Mar, 2009 12:00am
UOWD offers scholarships to Beaconhouse graduates

UOWD offers scholarships to Beaconhouse graduates

The University of Wollongong in Dubai (UOWD) has announced a generous scholarships programme commencing in August 2009 for students graduating from the Beaconhouse School System in Pakistan. Under this scheme, three scholarships covering 100percent of the
Published 28 Mar, 2009 12:00am
Trade diversion towards region could save $1.5 billion annually

Trade diversion towards region could save $1.5 billion annually

Saarc Chamber of Commerce and Industry (Saarc CCI) has appreciated Pakistan governments decision to promote trade with the neighbouring countries. Tariq Sayeed, President Saarc CCI termed the decision a positive step, and said that it would help increase
Published 28 Mar, 2009 12:00am
Meat prices surge

Meat prices surge

The price of chicken (living) has been raised to Rs 135 per kilogram while meat at Rs 260 and beef at Rs 150 per kg in different markets of Multan. Poultry vendors believed that the same trend would be maintained by the end of the week due to shortage of
Published 28 Mar, 2009 12:00am
Afghan DPs repatriation to resume on April 1

Afghan DPs repatriation to resume on April 1

The voluntary repatriation of registered Afghans, with Proof of Registration (PoR) cards in Pakistan, assisted by the United Nations High Commissioner for Refugees (UNHCR), will resume on Wednesday, April 1, from Peshawar. The start date for Quetta will b
Published 28 Mar, 2009 12:00am
IFJ mourns journalists killing

IFJ mourns journalists killing

The International Federation of Journalists (IFJ) Friday expressed concern on the death of another journalists, Raja Assad Hameed, who was killed on Thursday in Rawalpindi. In a statement, the IFJ also expressed its concern for the failure of Pakistan aut
Published 28 Mar, 2009 12:00am
Journalists hold demonstration

Journalists hold demonstration

Journalists community in Multan including photo journalists on Friday staged a demonstration in front of Multan press club condemning the assassination of two journalists of Dawn and Waqt TV channels and described it an open hooliganism against pressmen.
Published 28 Mar, 2009 12:00am
Comprehensive strategy sought to overcome pollution

Comprehensive strategy sought to overcome pollution

Divisional Commissioner Tahir Hussain has asked that solid and comprehensive strategy should be devised with the mutual consultation of Faisalabad Chamber of Commerce and Industry, Wasa and City District Government for overcoming the problems of environme
Published 28 Mar, 2009 12:00am
Mepco issues shutdown schedule

Mepco issues shutdown schedule

Multan Electric Power Company (Mepco) on Friday issued the electricity shutdown schedule for March 30 and 31. According to the schedule, on March 30, on account of maintenance and repair work, the power supply will remain suspended from 8am to 2pm from th
Published 28 Mar, 2009 12:00am
Hearing of petitions against Governors Rule adjourned

Hearing of petitions against Governors Rule adjourned

A full bench of the Lahore High Court (LHC), headed by Chief Justice Sayed Zahid Hussain, on Friday adjourned the hearing of three identical petitions against the promulgation of the Governors Rule in Punjab, till March 31.
Published 28 Mar, 2009 12:00am
Government striving for rights protection and welfare of minorities

Government striving for rights protection and welfare of minorities

The Pakistan Peoples Party led-government is making utmost efforts for the welfare and uplift of minorities and safeguarding their rights. Minorities in the country, enjoy status equal to Muslim majority and under the articles 20, 21, 25, 26, 27, 28, and
Published 28 Mar, 2009 12:00am
Ghausis death condoled

Ghausis death condoled

Political leaders, Journalists and social workers on Friday expressed deep sorrow and grief over the demise of Muhammad senior journalist and former president of Karachi Press Club (KPC), Sabihuddin Ghausi.
Published 28 Mar, 2009 12:00am
69 tubewells to be installed soon

69 tubewells to be installed soon

Managing Director, Wasa, Dr Javed Iqbal has directed FWO, Wasa Engineering Wing and KSB to complete work for installation of 69 tubewell in the city as soon as possible. Presiding a meeting here on Friday, he said installation work of these tubewells be c
Published 28 Mar, 2009 12:00am
Government focusing on Balochistans uplift: minister

Government focusing on Balochistans uplift: minister

Federal Minister for Communication Dr Arbab Alamgir Khan Khalil has said that the federal government is paying special attention for the uplift of Balochistan and the communication sector is being revolutionised in the province. The federal minister expre
Published 28 Mar, 2009 12:00am
Businessmen advised to make future investment plans: Ibad

Businessmen advised to make future investment plans: Ibad

Governor Sindh, Dr Ishrat-ul-Ibad Khan has advised business community to forget past and start making investment plans in the country for better future of coming generations. Speaking at dinner hosted by Moosa Saeed, Kamran Rashid Allahwala, Rizwan Ahmed
Published 28 Mar, 2009 12:00am
Farhat Ali elected as president OICCI

Farhat Ali elected as president OICCI

The President and Chief Executive Officer, ABB Private Limited, Farhat Ali has succeeded as the President of Overseas Investors Chamber of Commerce and Industry (OICCI) for the year of 2009-2010. This was announced at the 149th Annual General Meeting of t
Published 28 Mar, 2009 12:00am
Wyeth profit declines

Wyeth profit declines

The profit after taxation of Wyeth Pakistan declined to Rs 144.292 million in the year ended on December 31, 2008 as compared to Rs 245.071 million earned in 2007. The earning per share of the company decreased to Rs 101.50 against Rs 172.39 recorded a ye
Published 28 Mar, 2009 12:00am
Wyeth profit declines

Wyeth profit declines

The profit after taxation of Wyeth Pakistan declined to Rs 144.292 million in the year ended on December 31, 2008 as compared to Rs 245.071 million earned in 2007. The earning per share of the company decreased to Rs 101.50 against Rs 172.39 recorded a ye
Published 28 Mar, 2009 12:00am
Kaira condemns killing of journalist Raja Asad

Kaira condemns killing of journalist Raja Asad

Minister for Information and Broadcasting Qamar Zaman Kaira has condemned the violent attack on a journalist Raja Asad Hameed, Senior Reporter of Waqat television in which he lost his life. "It was a cold blooded murder by criminal minded individuals who
Published 28 Mar, 2009 12:00am
PPP CEC to meet in Naudero on April 3

PPP CEC to meet in Naudero on April 3

The Central Executive Committee (CEC) of the Pakistan Peoples Party (PPP) will meet in Naudero, Larkana on April 3. The meeting will be presided over by the Party Co-Chairman and President Asif Ali Zardari and would be attended by the senior PPP leaders a
Published 28 Mar, 2009 12:00am
Fishermen demand sizeable cut in all levies

Fishermen demand sizeable cut in all levies

The Karachi bound fishermen have criticised the government for imposing heavy taxes on them by its different agencies, saying that these levies are out of proportion as compared to their income of the whole year. The seafarers demand of the government to
Published 28 Mar, 2009 12:00am