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Print - 2009-06-04
LCCI flays ministries' attitude over budget drafting

LCCI flays ministries' attitude over budget drafting

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday came hard on all the concerned ministries and the departments of the federal government for keeping the business community, the main stakeholder in the annual budgeting, out of the budget dra
Published 04 Jun, 2009 12:00am
Pakistan receives 50 percent of pledged assistance for IDPs

Pakistan receives 50 percent of pledged assistance for IDPs

State Minister for Information and Broadcasting Syed Sumsam Ali Bokhari said on Wednesday that 50 percent of the assistance pledged by the international community for internally displaced persons has reached Pakistan. Talking to state TV, he said IDPs are
Published 04 Jun, 2009 12:00am
Power shutdown notice

Power shutdown notice

Due to necessary repair and maintenance work, power supply will remain suspended from 132 KV Gadoon Amazai Grid Station on June 7,2009 from 6:00 am to 8:00 pm resultantly the consumers of 132 KV Gadoon Amazai feeders ie Gadoon Textile -I II, TFZ Textile.
Published 04 Jun, 2009 12:00am
MJF Lions Club active for helping IDPs

MJF Lions Club active for helping IDPs

Lahore MJF Lions Club has formed a committee for extending help to the internally displaced persons (IDPs) while Regional Chairman Khawaja Khawar has been appointed committee chairman. Just after formation of committee, a delegation visited Mardan under t
Published 04 Jun, 2009 12:00am
Government urged to shift Swat IDPs to hilly, cold areas

Government urged to shift Swat IDPs to hilly, cold areas

The government should make immediate efforts to shift the internally displaced persons (IDPs) from Swat to hilly and cold areas of Mansehra and Abbottabad as the scorching heat has made life miserable for them, said Managing Director of Pakistan Bait-ul-M
Published 04 Jun, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jun, 2009 12:00am
Health officials warning against heat stroke incidents among IDPs

Health officials warning against heat stroke incidents among IDPs

Provincial Coordinator of National Programme for Primary Health Dr Ihsanullah Turabi has directed authorities and field staff of the programme working in the districts of Swabi, Mardan, Nowshera and Peshawar and to adopt in and off camp preventive measure
Published 04 Jun, 2009 12:00am
IDPs asked to register non-custom-paid vehicles by June 7

IDPs asked to register non-custom-paid vehicles by June 7

In view of the security concerns in the province, the city police has asked the affected people of Swat and Buner to register their non-custom-paid vehicles by June 7 and warned of strict action against the violators.
Published 04 Jun, 2009 12:00am
ADP 2008-09 schemes of prisons department reviewed

ADP 2008-09 schemes of prisons department reviewed

A meeting of the NWFP Prisons Department in order to discuss ADP 2008-09 schemes was held at Committee Room of Home Department Peshawar on Wednesday. The NWFP Minister for Prisons, Mian Nisar Gul Kakal Khel, was in the chair. The meeting reviewed in detai
Published 04 Jun, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Commission appointed to take over affairs of private firm

Commission appointed to take over affairs of private firm

The Lahore High Court (LHC) has appointed a local commission to take over the business affairs and accounts of a private company on its failure in pay backing the finance given by Bank of Punjab (BoP). The court issued this order on a petition filed by Bo
Published 04 Jun, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jun, 2009 12:00am
Efficiently-managed data solution vital to setting up e-government

Efficiently-managed data solution vital to setting up e-government

Pakistan has initiated plans to establish E-government and for this purpose reliable, continuous and efficiently-managed data solution is critical, experts said while addressing a seminar organised by the APC Innovative here on Wednesday.
Published 04 Jun, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jun, 2009 12:00am
Rs three million aid for heirs of police employees

Rs three million aid for heirs of police employees

Inspector General of Police (IGP) Punjab has issued an amount of three million rupees for extending financial assistance to the heirs of police employees who died during service. According to police sources, the heirs of two police employees belonging to
Published 04 Jun, 2009 12:00am
Forces regain control of Peochar valley

Forces regain control of Peochar valley

The Security forces have regained total control of the Peochar valley and enhanced their efforts to wipe out terrorists from whole Malakand division, said the spokesman of Inter-Services Public Relations (ISPR), claiming that it will take three days to cl
Published 04 Jun, 2009 12:00am
Terrorism trauma causing mental health problems

Terrorism trauma causing mental health problems

The exposure to terrorism and natural calamities in the country has led to high number of physical disability among men in particular and this can be expected to have profound effects on their mental well-being.
Published 04 Jun, 2009 12:00am
Shahbaz reviews priorities of Punjab budget

Shahbaz reviews priorities of Punjab budget

Punjab Chief Minister, Muhammad Shahbaz Sharif chaired a nearly three-hour long meeting on Wednesday to set the priorities for the next provincial budget and Annual Development Programme (ADP). This is a part of the meetings being held regularly in this r
Published 04 Jun, 2009 12:00am
Role of accountants emphasised

Role of accountants emphasised

ACCA's global theme 'Accountants for Business' adopted for 2009-10 emphasised the role of accountants in both the private and public sectors. An accountant plays as advocates of sound business practices, champions of sustainable business development and h
Published 04 Jun, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Punjab may present budget in third week of this month

Punjab may present budget in third week of this month

Punjab Finance Minister, Tanvir Ashraf Kaira has said that preparation of Budget for the next fiscal year 2009-10 is going on and it is expected that budget would be presented in the third week of June. Talking to a group of journalists at his office on W
Published 04 Jun, 2009 12:00am
ICCI terms TDAP a white elephant

ICCI terms TDAP a white elephant

Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday termed Trade Development Authority of Pakistan (TDAP) as white elephant and demanded of the government to abolish it immediately. 'The government either to make it a really trade and export pr
Published 04 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Rehabilitation of IDPs is top priority of government: Kundi

Rehabilitation of IDPs is top priority of government: Kundi

Due to geo-strategic location of Dera Ismail Khan, it is the worst effected area due to terrorist activities, target killings and sectarian violence. Rehabilitation of the affected people of D.I Khan is top priority of the government said the Acting Speak
Published 04 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
National Assembly body urges PCRET to improve performance

National Assembly body urges PCRET to improve performance

The sub committee of the Standing Committee on Science & Technology of National Assembly met under the convenership of Anusha Rehman Khan Advocate, MNA to discuss the poor performance of Pakistan Council of Renewable Energy Technology (PCRET). The sub com
Published 04 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Minister visits hospital to enquire about Ghurki's health

Minister visits hospital to enquire about Ghurki's health

Senior Provincial Minister, Raja Riaz Ahmad Wednesday went to Jinnah Hospital where he enquired about the health of Haji Muhammad Yousaf Ghurki, the father of Provincial Minister for Information Technology, Farooq Yousaf Ghurki. Raja Riaz Ahmad remained w
Published 04 Jun, 2009 12:00am
Somali envoy visits IIU

Somali envoy visits IIU

Ambassador of the Somali Republic in Pakistan, Abdi Salam Haji Ahmed Liban called on President International Islamic University (IIU), Dr Anwar Hussain Siddiqui here on Wednesday. The Ambassador was briefed about the objectives, functioning and achievemen
Published 04 Jun, 2009 12:00am
THE RUPEE: dollar sharply down

THE RUPEE: dollar sharply down

Further recovery was witnessed on the interbank market on Wednesday as the rupee gained 31 paisa against dollar for buying at 80.75 and rose by 28 paisa for selling at 80.80, dealers said. Comfortable supply of dollars boosted the rupee value and it is mo
Published 04 Jun, 2009 12:00am
BDS final year result announced

BDS final year result announced

Karachi University announced the results for BDS Final Professional Year. The second position was secured by Fariah Zeeshan d/o Zeeshan Ahmad Qureshi. Earlier, she secured second position in her second professional BDS exam as well. Fariah Zeeshan has had
Published 04 Jun, 2009 12:00am
THE RUPEE: dollar sharply down

THE RUPEE: dollar sharply down

Further recovery was witnessed on the interbank market on Wednesday as the rupee gained 31 paisa against dollar for buying at 80.75 and rose by 28 paisa for selling at 80.80, dealers said. Comfortable supply of dollars boosted the rupee value and it is mo
Published 04 Jun, 2009 12:00am
Turbulent districts: Marble units demand relief package

Turbulent districts: Marble units demand relief package

Frontier Mine Owners Association (FMOA) on Wednesday demanded assistance for reconstruction of the marble factories in the turbulent districts Swat and Buner, saying marble industry is the main sources of income for the people of the area.
Published 04 Jun, 2009 12:00am
Textile sector seeks duty free access to US market

Textile sector seeks duty free access to US market

The value-added sector has urged the government to plead forcefully the case of Pakistan for duty free entry of Pakistani textile in the US market. Both the chairmen of Pakistan Hosiery Manufacturers Association (PHMA) and Pakistan Sweater Exporters Assoc
Published 04 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Principal Punjab University Law college restored

Principal Punjab University Law college restored

A division bench of the Lahore High Court (LHC) here on Wednesday, suspending single bench orders, restored principal of Punjab University Law College, Shazia Qureshi, and issued notice to respondents after admitting the petition for regular hearing.
Published 04 Jun, 2009 12:00am
Minister urges PSC to improve procurement system

Minister urges PSC to improve procurement system

The Punjab Agriculture Minister, Ahmad Ali Aulakh, has called upon the officials of the Punjab Seed Corporation (PSC) to improve the procurement system and develop seed factories on latest lines to meet the target of achieving 50 per cent increase in the
Published 04 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Government asked to speed up efforts for repatriation of Dr Aafia

Government asked to speed up efforts for repatriation of Dr Aafia

The Islamabad High Court (IHC) on Wednesday directed the government to take every possible step for the repatriation of Dr Aafia, detained in the US. "There left no need to proceed further with instant petition as the government is pursuing the case vigor
Published 04 Jun, 2009 12:00am
Concerns voiced over poor performance of Punjab population department

Concerns voiced over poor performance of Punjab population department

The Standing Committee on Population Welfare expressed its strong displeasure over the poor performance of Punjab Population Department as it badly failed to achieve the targets set by the Federal Government and directed that the Ministry may take effecti
Published 04 Jun, 2009 12:00am
LHCBA calls general house meeting on June 5

LHCBA calls general house meeting on June 5

The Lahore High Court Bar Association (LHCBA) has called general house meeting on Friday (tomorrow), June 5, 2009 to decide whether fresh elections should be held or not. Reacting to the news, President Bar, Munawar Iqbal Gondal reiterated his position th
Published 04 Jun, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (June 03, 2009) and for Thursday (June 04, 2009).
Published 04 Jun, 2009 12:00am
Cotton economy requires urgent support

Cotton economy requires urgent support

Prime Minister Gilani has constituted a Cabinet committee to evaluate budgetary proposals submitted by and dedicated to the development of the textile sector. There is a consensus that the sector contributes significantly to the economy of the country ran
Published 04 Jun, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 03, 2009).

Published 04 Jun, 2009 12:00am
Time to rectify GIs registration

Time to rectify GIs registration

As revealed in a news report appearing on June 2, in a letter written to the Federal Secretary, Ministry of Commerce, Suleman Ghani, President, Karachi Chamber of Commerce and Industry (KCCI), Anjum Nisar, has drawn the Ministry's attention to the promulg
Published 04 Jun, 2009 12:00am
Addressing the humanitarian issue

Addressing the humanitarian issue

While the military operation in Swat and Malakand division continues to make progress, humanitarian efforts needed to consolidate its gains have remained far from satisfactory. After Swat was cleared of insurgents and curfew lifted on Sunday for the first
Published 04 Jun, 2009 12:00am
Viewpoint: Ridding the world of nuclear weapons

Viewpoint: Ridding the world of nuclear weapons

Subject of scrutiny for sometime on account of safety related issues, Pakistan's nuclear programme came under special spotlight last week when a US- based arms control outfit, the Institute for Science and International Security, released photos to show t
Published 04 Jun, 2009 12:00am
Small investors flock to forex trading amid crisis

Small investors flock to forex trading amid crisis

After half his investment in emerging market hedge funds evaporated, Cenk Utkan made a financial U-turn toward the most liquid market he could find. He's been trading in foreign currencies ever since. "I got burned in Russia and China," said the 33-year-o
Published 04 Jun, 2009 12:00am
US construction workers cheer stimulus dollars

US construction workers cheer stimulus dollars

Willie Fort is a lucky man. Last month he came within a whisker of losing his construction job, but now he is off to Louisiana to work on a highway project that will employ him for at least two years. The 32-year-old father of four from Mississippi is amo
Published 04 Jun, 2009 12:00am
Help for IDPs

Help for IDPs

At Present Pakistan is going through another phase of national crisis and calamity. After prompt and successful military operation against belligerents, the situation in Swat and Malakand is getting better with the passage of time but the loss is much mor
Published 04 Jun, 2009 12:00am
US to provide all help to Pakistani businessmen

US to provide all help to Pakistani businessmen

"The US government is ready to provide all forms of possible co-operation to Pakistani businessmen to get their proper share in the US market," said Mett Lowe, a representative of USAID, while addressing the Executive Committee members of the MCCI, chaire
Published 04 Jun, 2009 12:00am
Razmak Cadet College student narrates kidnap story

Razmak Cadet College student narrates kidnap story

The 1st year student of Cadet College Razmak, Saad Iqbal, who escaped miraculously from the clutches of kidnappers, said that the college was closed in view of the security situation in the area. He said that security measures were taken for the safe jour
Published 04 Jun, 2009 12:00am
Effects of WTO pacts on Pakistan highlighted

Effects of WTO pacts on Pakistan highlighted

In today's world economy, it is impossible to envisage a world without trade. Not only commodities, but the exchange of ideas, information, entertainment and even culture is now an irreversible established fact of life.
Published 04 Jun, 2009 12:00am
Southern Punjab: prices of most kitchen items remained stable in May

Southern Punjab: prices of most kitchen items remained stable in May

Prices of the most kitchen items remained stable, during May 2009, in the wholesale and retail markets of Southern Punjab, such as those of Multan, Bahawalpur, Dera Ghazi Khan, Layyah, Sahiwal, Khanewal, Mian Chunnu, Sadiqabad, Rahimyarkhan,Kotadu.
Published 04 Jun, 2009 12:00am
Sialkot Chamber submits proposals for upcoming trade policy

Sialkot Chamber submits proposals for upcoming trade policy

The Sialkot Chamber of Commerce and Industry (SCCI) has submitted its proposals and suggestions for the upcoming trade policy for 2009-10 to accelerate the pace of export activities. It said that under SRO 437(I)/2005 the research and development support
Published 04 Jun, 2009 12:00am
Minister urges speedy resolution of people's problems

Minister urges speedy resolution of people's problems

The Punjab Senior Minister Raja Riaz Ahmad said that the basic purpose of the visits of ministers and high government officials to the far flung and rural areas, and the inspection of developmental projects, was to solve people's problems, at their doorst
Published 04 Jun, 2009 12:00am
Haroon for world help to deal with humanitarian crisis

Haroon for world help to deal with humanitarian crisis

Pakistan's UN Ambassador Abdullah Hussain Haroon on Tuesday urged the international community to help Pakistan deal with the gigantic humanitarian crisis facing it through stepped up financial support coupled with measures to ease its debt burden.
Published 04 Jun, 2009 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

New York gold futures dropped on Wednesday as a dollar bounce prompted the market to take a breather after a recent sharp rally on investment demand and hedge buying against a falling US currency. August down $6.80 at $977.60 an ounce at 10:34 am EDT (143
Published 04 Jun, 2009 12:00am
US MIDDAY: soya, corn down

US MIDDAY: soya, corn down

Chicago Board of Trade soyabean and corn futures fell about 2 to 3 percent by midday Wednesday as the firming dollar spurred profit-taking in commodities, traders said. Both July corn and soyabeans slipped below key moving averages, with corn dipping belo
Published 04 Jun, 2009 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

US copper futures opened lower and held near session lows Wednesday morning as the dollar corrected higher and weaker-than-expected factory orders and services data disappointed the broader market. Copper for July delivery was trading down 4.05 cents, or
Published 04 Jun, 2009 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped on Wednesday, paring early gains, as the dollar recovered lost ground versus the euro, denting interest in the metal as a hedge against weakness in the US currency. Spot gold was bid at $976.3 an ounce at 1533 GMT, against $980.85 an ounce la
Published 04 Jun, 2009 12:00am
US MIDDAY: Coffee, sugar tumble, cocoa up

US MIDDAY: Coffee, sugar tumble, cocoa up

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Wednesday. July arabica contract fell 2.55 cents or 1.8 percent to $1.3945 per lb at 11:04 am EDT (1504 GMT). Session range from $1.3885 to $1.4225. July raw sugar contract dropped 0
Published 04 Jun, 2009 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

CBOT July wheat fell 5 percent on profit-taking early on Wednesday, sliding 34-1/4 cents per bushel to $6.35-1/4. KCBT HRW July wheat was down 31 cents at $6.88 and MGE July spring wheat was down 31 cents at 7.62.
Published 04 Jun, 2009 12:00am
Cocoa gains, sugar plummets in London

Cocoa gains, sugar plummets in London

White sugar futures fell sharply on Wednesday, well below Monday's contract high, driven by a stronger dollar, while raw sugar and coffee futures corrected down from recent peaks. September cocoa futures on ICE completely turned around from earlier losses
Published 04 Jun, 2009 12:00am
Oil drops three percent on US inventory rise, dollar gains

Oil drops three percent on US inventory rise, dollar gains

Oil fell more than 3 percent on Wednesday, dragged down by an unexpected build in US crude stockpiles and a stronger dollar. US crude traded down $2.43 to settle at $66.12 a barrel, after falling as low as $64.95 during intraday activity. London Brent cru
Published 04 Jun, 2009 12:00am
Aluminium, copper fall

Aluminium, copper fall

Copper fell on Wednesday as weaker than expected US data signalled economic conditions remained tough and rekindled concerns about the outlook for metals demand. Benchmark copper on the London Metal Exchange was last quoted at $4,915 a tonne from $5,050 o
Published 04 Jun, 2009 12:00am
New York cotton futures remain up

New York cotton futures remain up

The US cotton futures rallied for a third straight session on Tuesday as a weak dollar drew more fund money into the market, despite lower prices of other industrial commodities like oil and copper.
Published 04 Jun, 2009 12:00am
Minimum price of tobacco tax to be determined by FBR

Minimum price of tobacco tax to be determined by FBR

The Competition Commission of Pakistan has declared that the Federal Board of Revenue may legally determine the minimum price for the purposes of levying tobacco tax on cigarette manufactures. However, the FBR may not stop manufacturers, wholesalers or re
Published 04 Jun, 2009 12:00am
Dr Numani assumes charge

Dr Numani assumes charge

The teaching and non-teaching staff of Faculty of Arts, Karachi University, felicitated Dr Abd-us-Shaheed Numani, a senior professor as acting Dean of the faculty.
Published 04 Jun, 2009 12:00am
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