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Print - 2009-06-12
MPAs present cheques to Shabaz for IDPs

MPAs present cheques to Shabaz for IDPs

Members Punjab Assembly, Dr Farrukh Javed, Shaukat Manzoor Cheema and Khadim Hussain Wattoo met Punjab Chief Minister, Muhammad Shahbaz Sharif at Chief Minister's Secretariat, here on Thursday and presented cheques for 1.3 million rupees for the relief an
Published 12 Jun, 2009 12:00am
Lack of funds threatens aid effort in Pakistan: Oxfam

Lack of funds threatens aid effort in Pakistan: Oxfam

Aid agencies in Pakistan face having to stop work due to a funding shortfall, threatening support for the huge numbers displaced by conflict in the north-west of the country, Oxfam said on Thursday. Warning of a "humanitarian meltdown," the charity said i
Published 12 Jun, 2009 12:00am
Chinese Embassy staff's donation for IDPs

Chinese Embassy staff's donation for IDPs

The staff of Chinese Embassy in Pakistan has donated three-day salaries equivalent to rupees one million to the internally displaced persons (IDPs) in the shape of relief items. This was stated by a three-member delegation, headed by Chinese Ambassador Lu
Published 12 Jun, 2009 12:00am
Water shortage problem almost over, claims RCB CEO

Water shortage problem almost over, claims RCB CEO

Chief Executive Officer (CEO) of Rawalpindi Cantonment Borad (RCB) Sheikh Shahid Bashir has said that the scarcity of water has almost been over as 9 million gallon of water is being brought from Khanpur Dam for the city on daily basis.
Published 12 Jun, 2009 12:00am
Work on gas pipeline to start next year: SNGPL managing director

Work on gas pipeline to start next year: SNGPL managing director

Managing Director, Sui Northern Gas Pipelines Limited (SNGPL) said that work for laying 800 kilometre proposed Pak-Iran gas pipeline will hopefully start from next year. He stated this while talking to newsmen at a seminar on 'LPG outlook in Pakistan" hel
Published 12 Jun, 2009 12:00am
PWC accuses Irsa of violating water treaty

PWC accuses Irsa of violating water treaty

The Punjab Water Council has accused the Indus River System Authority (Irsa) of violating the Indus Basin Water Treaty 1960 by not operating the perennial Jhelum Link Canal built to provide water to Multan and Bahawalpur Divisions as a replacement of thre
Published 12 Jun, 2009 12:00am
Eye diseases treated at IDPs camps

Eye diseases treated at IDPs camps

In pursuance of directions of Chief Minister, Shahbaz Sharif, Mobile Ophthalmology Unit (MOU) of Mayo Hospital is extending treatment of eye diseases to the internally displaced persons (IDPs) in relief camp at Mardan. The Director General Health Punjab,
Published 12 Jun, 2009 12:00am
Transfers & postings in NWFP

Transfers & postings in NWFP

Department of Establishment, NWFP has ordered postings and transfers of 11 officers said a notification issued here on Thursday. These officers are: Barkatullah, PCS (SG) BS-18, OSD Estt has been posted as EDO (F&P) Dir Lower.
Published 12 Jun, 2009 12:00am
Women's Parliamentary Caucus visits IDPs camp

Women's Parliamentary Caucus visits IDPs camp

Media Advisor to co-chairman Pakistan Peoples Party Asif Ali Zardari, Farah Naz Isphani, MNA, visited Shah Mansoor Camp and Hospital in Sawabi along with a delegation of the Women's Parliamentary Caucus. Nafisa Shah, Secretary of the Women's Parliamentary
Published 12 Jun, 2009 12:00am
Seven killed in IHK road accident

Seven killed in IHK road accident

Seven persons including four women were killed and 32 injured in a road accident in occupied Kashmir. According to Kashmir Media Service, the bus skidded off the road and fell into Lidder River near Yarnar when it was on its way from Achhabal to Pahalgam.
Published 12 Jun, 2009 12:00am
More SOS villages to be set up in Peshawar and Mansehra

More SOS villages to be set up in Peshawar and Mansehra

The SOS Children's Village of Pakistan intends to establish more SOS villages in Peshawar and Mansehra to enhance its accommodation capacity with the aim to extend maximum help to deserving children. This was stated by President of the SOS Children's Vill
Published 12 Jun, 2009 12:00am
Rs 500 million project for small livestock breeders launched

Rs 500 million project for small livestock breeders launched

Punjab government has launched a revolutionary project in the province with an amount of Rs 500 million for the economic rehabilitation of small livestock breeders. District officer Livestock, Dr Abdul Rehman, informed here on Thursday, while giving a bri
Published 12 Jun, 2009 12:00am
Crackdown against black marketeers of urea fertiliser launched

Crackdown against black marketeers of urea fertiliser launched

On the instructions of Chief Minister Punjab, crack down against black marketers and profiteers of urea fertilizer has been launched in the district for redressing the farmers hardships regarding availability of urea fertilisers. In this regard, the agric
Published 12 Jun, 2009 12:00am
High production cost termed as major hurdle for exports

High production cost termed as major hurdle for exports

It is impossible to achieve the exports target this year as the country has lost major foreign markets due to high cost of production and lack of incentives for manufacturers and exporters. This has been stated by Khawaja Muhammad Jalaluddin Roomi, former
Published 12 Jun, 2009 12:00am
IIU conducts Shariah orientation course for lawyers

IIU conducts Shariah orientation course for lawyers

The Shariah Academy, International Islamic University, conducted a two-week Shariah orientation course for lawyers at Abbotabad. The concluding ceremony of the course took place at the High Court Bar Association on Thursday. Former Chief Secretary of the
Published 12 Jun, 2009 12:00am
Prices of split ACs going up

Prices of split ACs going up

Split air conditioners are in short supply in the city and available ACs are 15 to 45 per cent more dearer than their actual price, a survey conducted by the Business Recorder has found. Sources in the market said the traders of split ACs had held
Published 12 Jun, 2009 12:00am
'60 million children above age of 10 utterly illiterate'

'60 million children above age of 10 utterly illiterate'

Pakistan is among those countries where, despite taking measures to improve literacy rate, the number of illiterates keeps on increasing rapidly and today around 60 million Pakistanis above the age of 10 are utterly illiterate. The chairman of the Nationa
Published 12 Jun, 2009 12:00am
UHS rediscovers therapeutic role of honey

UHS rediscovers therapeutic role of honey

A study conducted by a team of researchers of the University of Health Sciences (UHS) has rediscovered the therapeutic role of honey and has described it as a drug supplement for typhoid fever. The team, headed by UHS Microbiology department's head Profes
Published 12 Jun, 2009 12:00am
MoUs signed to enable students to get employment

MoUs signed to enable students to get employment

University of Agriculture Faisalabad (UAF) inked MoUs with ROZEE.PK and Lok Sanjh Foundation, Islamabad to strengthen its external linkages and enable graduates for employment in public and private sector. Both ceremonies were held at VC's Chamber on Thur
Published 12 Jun, 2009 12:00am
Poultry industry has huge potential to grow: vice chancellor UAF

Poultry industry has huge potential to grow: vice chancellor UAF

After Textile, poultry is the second largest industry of the country with enormous growth potential, moreover, millions of workforce are associated with the industry. This was stated by UAF vice chancellor, Professor Dr Iqrar Ahmad Khan, while addressing
Published 12 Jun, 2009 12:00am
FBR set to issue 'White List of Taxpayers'

FBR set to issue 'White List of Taxpayers'

The Federal Board of Revenue (FBR) will provide legal backing to the 'White List of Taxpayers' scheme through the Finance Bill (2009-2010) for its implementation from next fiscal. It has been learnt here on Thursday that the FBR has finalised arrangements
Published 12 Jun, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Jun, 2009 12:00am
Law, order situation: business activities halted in NWFP

Law, order situation: business activities halted in NWFP

The consecutive terrorist incidents of suicide bombing and deteriorating law and order situation had brought business activities in the provincial metropolis of the province to standstill, business and trade circles told Business Recorder on Thursd
Published 12 Jun, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
Passengers advised to arrive early for security checks

Passengers advised to arrive early for security checks

Airports in Pakistan have been put under high security alert. Passengers and luggage are being scanned and searched at each entry point to ensure public safety. Furthermore, all vehicles have to go through security screening before entering the airport pr
Published 12 Jun, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Jun, 2009 12:00am
Detainee talks of 'mental torture' at British prison

Detainee talks of 'mental torture' at British prison

The British government had arrested Pakistani students without levelling any charge, said Tariq-ur-Rehman, a student, who returned home on Thursday after his detention in Britain. "British authorities have exaggerated the arrest of these students and clai
Published 12 Jun, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jun, 2009 12:00am
'Media role imperative to build confidence between donors, government'

'Media role imperative to build confidence between donors, government'

Federal Minister for Zakat and Usher, Noorul Haq Qadri said that the print and electronic media could play vital role to build confidence between donors and government and project the good work being done by the Ministry. He stated this while presiding ov
Published 12 Jun, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Jun, 2009 12:00am
National Assembly body on defence supports operation Rah-e-Raast

National Assembly body on defence supports operation Rah-e-Raast

The National Assembly Standing Committee on Defence has unanimously supported the ongoing military operation in Swat and Malakand agency, and stressed that the operation should be short termed and result-oriented. The committee also stressed the need for
Published 12 Jun, 2009 12:00am
Operation 'Rah-e-Raast' continuing: 66 terrorists killed, 9 held

Operation 'Rah-e-Raast' continuing: 66 terrorists killed, 9 held

The security forces are continuing operation "Rah-e-Raast" against terrorists in Malakand, Bannu and Waziristan regions and during the last 24 hours, 66 terrorists were killed and nine arrested. Four soldiers were martyred and 12 injured, including an off
Published 12 Jun, 2009 12:00am
PLB felicitates DWU

PLB felicitates DWU

The Peoples Labour Bureau (PLB) has felicitated the Democratic Workers Union (DWU) for its victory in the referendum held in the State Bank of Pakistan (SBP).
Published 12 Jun, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
PIA to continue flights to/from Peshawar

PIA to continue flights to/from Peshawar

PIA Management has decided that the airline will continue its flight operations to/from Peshawar and all flights will operate according to schedule as PIA is also carrying relief goods from international destinations and from within Pakistan for IDPs free
Published 12 Jun, 2009 12:00am
French team meets Punjab minister for culture

French team meets Punjab minister for culture

A French delegation headed by Alain Freynet, Development Counsellor, Embassy of France in Pakistan called on Punjab Minister for Culture and Youth Affairs, Dr Tanvir-ur-Islam, here on Thursday. The delegation expressed desire of arranging Gandhara Art Exh
Published 12 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
Government urged to take immediate steps to stabilise economy

Government urged to take immediate steps to stabilise economy

The Lahore Chamber of Commerce and Industry (LCCI) while expressing grave concern over sharp decline in manufacturing sector growth, has urged the government to take immediate and urgent measures to stabilise the economy.
Published 12 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
Phthalic anhydride: NTC asked to review tariff structure

Phthalic anhydride: NTC asked to review tariff structure

Indigenous industry manufacturing phthalic anhydride (PA) has asked the National Tariff Commission (NTC) to review the tariff structure for the said finished product to provide adequate protection to the local industry. Their plea is to impose 20 percent
Published 12 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
FBR, Banking Sector: rift persists on rate of non-performing loans

FBR, Banking Sector: rift persists on rate of non-performing loans

Rift between the Federal Board of Revenue (FBR) and the banking sector to determine the rate of non-performing loans (NPLs) as bad debts is causing delay in the amendment to 'The Seventh Schedule', which would be announced in the coming budget speech 2009
Published 12 Jun, 2009 12:00am
Record investment in NSS affecting financial sector

Record investment in NSS affecting financial sector

The government is getting more than Rs 2 billion a day in its kitty through National Saving products. In just one month (that is March 2009), National Saving Schemes got net funds of Rs 63 billion (Rs l26 billion gross sales of NSS) which is higher than l
Published 12 Jun, 2009 12:00am
Quaid Mausoleum roundabout to be demolished for Corridor-III

Quaid Mausoleum roundabout to be demolished for Corridor-III

The roundabout adjacent to Quaid Mausoleum, built at a cost of millions of rupees, to be demolished within few months to facilitate the construction of Corridor-III. This lack of co-ordination and planning between the City District Government Karachi (CDG
Published 12 Jun, 2009 12:00am
Sindh government approves Rs 90 billion for ADP

Sindh government approves Rs 90 billion for ADP

Sindh government has approved Rs 90 billion for the Annual Development Programme (ADP) for the fiscal year 2009-10, it is reliably learnt. The summary was forwarded to Chief Minister Syed Qaim Ali Shah two days back, which he approved on Thursday, accordi
Published 12 Jun, 2009 12:00am
Rs 828.81 million earmarked for Ports, Shipping Ministry in PSDP

Rs 828.81 million earmarked for Ports, Shipping Ministry in PSDP

Government has allocated Rs 828.81 million for the Ports and Shipping Ministry in the Public Sector Development Programme (PSDP) in the upcoming budget 2009-10. This incorporates an increase of Rs 456.68 million against Rs 372.13 million allocated for the
Published 12 Jun, 2009 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the currency market on Thursday amid easy supply of dollars in process of trading, dealers said. The rupee on the interbank market, managed to gain 25 paisa against dollar for buying and selling at 80.80 and 80.85, they said.
Published 12 Jun, 2009 12:00am
Rs 258 million being spent on 18 schemes under AJP in Balochistan

Rs 258 million being spent on 18 schemes under AJP in Balochistan

Eighteen schemes with a total cost of Rs 258 million are being completed in Balochistan under Access to Justice Programme (AJP) in the sector of judiciary and police regarding infrastructure as well as capacity building. While work on nine schemes in vari
Published 12 Jun, 2009 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the currency market on Thursday amid easy supply of dollars in process of trading, dealers said. The rupee on the interbank market, managed to gain 25 paisa against dollar for buying and selling at 80.80 and 80.85, they said.
Published 12 Jun, 2009 12:00am
Resignation contradicted

Resignation contradicted

Finance Secretary, the Lahore High Court Bar Association (LHCBA), Rai Muhammad Nawaz Kharal, categorically contradicted his resignation and termed it as disinformation by some of his opponents. Nawaz Kharal talking to the media men here on Thursday, stron
Published 12 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
Appointment of LGH's principal: LHC disposes of petition

Appointment of LGH's principal: LHC disposes of petition

The Lahore High Court (LHC) disposed of a petition, filed by Professor Neuro surgery, Dr Nasir Ahmed, alleging that the Punjab government was, in violation of all rules, attempting to appoint a person of their choice as Principal of Lahore General Hospita
Published 12 Jun, 2009 12:00am
Export target to be missed again

Export target to be missed again

The revised export target of 19.5 billion dollars may also be missed according to the latest figures released by the Federal Bureau of Statistics (FBS). The original export target, it may be recalled, was 22.1 billion dollars for the current fiscal year w
Published 12 Jun, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 11, 2009).

Published 12 Jun, 2009 12:00am
Peshawar carnage

Peshawar carnage

When Taliban are said to be on the run in Malakand and under intense military pressure in Bannu FR their suspected ability to devastate the Peshawar city's most prestigious and the only five-star hotel is a measure of the enormity of the challenge Pakista
Published 12 Jun, 2009 12:00am
Corporate governance: Financial controls are vital

Corporate governance: Financial controls are vital

A recent article in this newspaper ("The Satyam Scandal and the role of Corporate Governance") arguing that a corporate governance failure, in the manner of India's Satyam Computers, could not happen in Pakistan's robust regulatory environment, glosses ov
Published 12 Jun, 2009 12:00am
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