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Print - 2009-06-27
Government to decide on sugar imports in early July

Government to decide on sugar imports in early July

Pakistan has stopped importing refined sugar given its high stocks, with a final decision on further purchases this year to be taken in early July, a government official said on Friday. A senior official in the Ministry of Industries and Production said s
Published 27 Jun, 2009 12:00am
Changa Manga plantation project completed

Changa Manga plantation project completed

Engro Polymer and Chemicals Limited (EPCL), Punjab Forest Department and World Wide Funds for Nature-Pakistan (WWF-P) have completed the 180 acres plantation project at Changa Manga. According to a WWF-P's spokesperson, in this connection, Engro Polymers
Published 27 Jun, 2009 12:00am
CDGK's Rs 52.360 billion budget passed

CDGK's Rs 52.360 billion budget passed

In a friendly environment, the City Council approved the city district government Karachi's (CDGK) Rs 52.360 billion budget for fiscal year 2009-10 on Friday. The City Council, in a specially convened budget session held here at City Council Hall, Old KMC
Published 27 Jun, 2009 12:00am
CDGK's Rs 52.360 billion budget passed

CDGK's Rs 52.360 billion budget passed

In a friendly environment, the City Council approved the city district government Karachi's (CDGK) Rs 52.360 billion budget for fiscal year 2009-10 on Friday. The City Council, in a specially convened budget session held here at City Council Hall, Old KMC
Published 27 Jun, 2009 12:00am
All eligible convicts to be freed on parole in Punjab

All eligible convicts to be freed on parole in Punjab

All those convicts who fulfil requisite conditions, while undergoing different terms of sentences in various 34 jails across the province, especially life imprisonment's, will be released on parole in Punjab. Additional Secretary Home (Jails) Punjab, Dr J
Published 27 Jun, 2009 12:00am
PLF greets lawyers appointed as law officers in Punjab

PLF greets lawyers appointed as law officers in Punjab

Peoples Lawyer Forum (PLF) Punjab has greeted the lawyers affiliated with the Forum for their appointments as law officers of the Province. In a joint statement issued here Friday, Sardar Khurram Latif Khan Khosa, Malik Nasir Ahmad Awan, Iftikhar Shahid,
Published 27 Jun, 2009 12:00am
China ready to enhance military exchanges

China ready to enhance military exchanges

Chinese Defence Minister Liang Guanglie met here on Friday with Pakistan's Chief of Air Staff Rao Qamar Suleman vowing to further strengthen the traditional friendship. "China and Pakistan share a comprehensive traditional friendship, "said Liang, adding
Published 27 Jun, 2009 12:00am
Benazir Bhutto's murder case hearing resumes today

Benazir Bhutto's murder case hearing resumes today

An Anti Terrorist Court will resume the hearing of the former Prime Minister Benazir Bhutto assassination case here on Saturday. The case will come up for hearing before the Judge ATC No 1 Akram Awan on June 27. The Defence had completed the cross-examina
Published 27 Jun, 2009 12:00am
Punjab chief minister grieved over death of Naseer Malik

Punjab chief minister grieved over death of Naseer Malik

President Pakistan Muslim League-N and Chief Minister Punjab, Muhammad Shahbaz Sharif here on Friday has expressed deep sense of sorrow and grief over the sad demise of Secretary Pakistan Movement Workers Trust, Naseer Ahmed Malik. Expressing heartfelt sy
Published 27 Jun, 2009 12:00am
Pakistan, Afghanistan and Russia to intensify cooperation

Pakistan, Afghanistan and Russia to intensify cooperation

Pakistan, Afghanistan and Russia on Friday agreed to intensify co-operation, in line with other initiatives of the international community, on fighting terrorism, combating illegal drug production and trafficking as well as promoting good-neighbourly rela
Published 27 Jun, 2009 12:00am
Trade Marks Journal on IPO's website

Trade Marks Journal on IPO's website

It is for the information of all stakeholders/general public that the Trade Marks Registry, Karachi has started publishing softcopy (read only PDF) of Trade Marks Journal on IPO-Pakistan's website in parallel/addition to hard copy. It is pertinent to ment
Published 27 Jun, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (June 26, 2009).

Published 27 Jun, 2009 12:00am
Protesters break into Iranian embassy in Sweden

Protesters break into Iranian embassy in Sweden

Angry demonstrators broke into the Iranian Embassy outside Stockholm on Friday, climbing in through shattered windows and injuring one embassy worker, police said. More than 150 people had gathered outside the embassy to protest against the Iranian regime
Published 27 Jun, 2009 12:00am
Protesters break into Iranian embassy in Sweden

Protesters break into Iranian embassy in Sweden

Angry demonstrators broke into the Iranian Embassy outside Stockholm on Friday, climbing in through shattered windows and injuring one embassy worker, police said. More than 150 people had gathered outside the embassy to protest against the Iranian regime
Published 27 Jun, 2009 12:00am
Five suspected Mehsud men killed in encounter

Five suspected Mehsud men killed in encounter

Five suspected terrorists of Baitullah Mehsud's group were killed in an encounter on Super Highway late Friday night, Aaj TV reported. Talking to the channel, CCPO Karachi, Waseem Ahmed, said that intelligence agencies have informed us about presen
Published 27 Jun, 2009 12:00am
Proposal to launch renamed 'deliverable futures' at KSE

Proposal to launch renamed 'deliverable futures' at KSE

The Trading Affairs Committee of Karachi Stock Exchange (KSE) has proposed to re-launch the 'Deliverable Futures' product at the exchange, with some amendments in its rules and regulations, it is learnt. In its meeting held here on Friday, the committee p
Published 27 Jun, 2009 12:00am
Punjab government focussing on public welfare: Shahbaz

Punjab government focussing on public welfare: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that billions of rupees have been allocated in the provincial budget for the projects of public welfare and provision of basic amenities to the masses and completion of these projects will leave a po
Published 27 Jun, 2009 12:00am
NWFP Governor calls on President

NWFP Governor calls on President

NWFP Governor Owais Ahmed Ghani called on President Asif Ali Zardari in the Presidency on Friday. Matters pertaining to the ongoing drive against militants in Waziristan, relief and rehabilitation efforts for displaced persons and plans for the return of
Published 27 Jun, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Jun, 2009 12:00am
Thousands of pilgrims may miss Hajj

Thousands of pilgrims may miss Hajj

Thousands of intending pilgrims, from all over the country, are likely to miss the forthcoming Hajj, as only urgent passports are being issued to applicants by the concerned department. In line with the Saudi government's directive, the intending pilgrims
Published 27 Jun, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jun, 2009 12:00am
Rains, storm lash coastal areas in Thatta

Rains, storm lash coastal areas in Thatta

Stormy winds and intermittent rains lashed coastal areas of Thatta district on Friday. It was since Thursday evening that it started raining in Thatta and other parts of the district and continued throughout the night. As per reports the sea-water has gus
Published 27 Jun, 2009 12:00am
'Buy China' criticism a result of misunderstanding

'Buy China' criticism a result of misunderstanding

The Chinese government said, on Friday, that it was a misunderstanding, on the part of some foreign media, to label China's latest circulars to boost domestic demand and step up supervision on construction projects as "protectionism". The remarks were joi
Published 27 Jun, 2009 12:00am
535 water filtration plants to be installed in Balochistan

535 water filtration plants to be installed in Balochistan

A total 535 water filtration plants will be installed in various parts of Balochistan under Clean Drinking Water for All (CDWA) project initiated by the provincial government to provide clean drinking water to locals. A number of water filtration plants h
Published 27 Jun, 2009 12:00am
Sultan condemns Muzaffarabad blast

Sultan condemns Muzaffarabad blast

Former Prime Minister, Azad Jammu and Kashmir (AJK), Barrister Sultan Mehmood Chaudhry has strongly condemned Muzaffarabad blast. He pointed out that it is a part of a conspiracy to spread terrorism in Azad Kashmir. In his message, he said the perpetrator
Published 27 Jun, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jun, 2009 12:00am
Art, culture related activities need to be promoted: Jimmy

Art, culture related activities need to be promoted: Jimmy

Prominent artist, social worker and human rights activist, Jimmy Engineer on Friday underscored the dire need for promotion and strengthening of art and culture related activities to provide the people with much needed relief and solace from their sorts o
Published 27 Jun, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 26, 2009).

Published 27 Jun, 2009 12:00am
Walk held to mark International Narcotics Day

Walk held to mark International Narcotics Day

District Government Hyderabad arranged a walk in collaboration with Anti Narcotics Force (ANF) to observe International Narcotics Day held here on Friday. The walk started from Gymkhana and culminated at Hyderabad Press Club. Addressing the participants,
Published 27 Jun, 2009 12:00am
KSE suspends trading in 15 companies' shares

KSE suspends trading in 15 companies' shares

The Karachi Stock Exchange (KSE) has suspended the trading of 15 listed companies for a further period of 60 days from June 28, 2009 or until such time the cause of suspension is removed. In a notice issued here on Friday, the KSE said since the following
Published 27 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (June 26, 2009).

Published 27 Jun, 2009 12:00am
13 world heritage sites to stay on danger list

13 world heritage sites to stay on danger list

The 13 World Heritage Sites will stay on the 'Danger List'. This was announced in a statement issued by an official of the IUCN on Friday. It said that the 13 World Heritage Sites, including the Galapagos Islands, will stay on the List of World Heritage i
Published 27 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (June 26, 2009).

Published 27 Jun, 2009 12:00am
NH&MP foils terrorism bid

NH&MP foils terrorism bid

National Highways and Motorway Police foiled an attempt at terrorism, while defusing a 10 kg bomb hidden in a fire extinguisher, at a CNG station in Akora, Khattak. Motorway police officers were on their routine patrol duty on GT road, in the area of Akor
Published 27 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Friday (June 26, 2009).

Published 27 Jun, 2009 12:00am
Water inflow in four rivers rises to 0.3 million cusecs

Water inflow in four rivers rises to 0.3 million cusecs

The much needed combined water inflows in the country's four rivers Indus, Jhelum, Kabul and Chenab rose to 0.3 million cusecs on Friday, almost 0.1 million cusecs more in a week that may help overcome water shortage for Kharif crops in the four provinces
Published 27 Jun, 2009 12:00am
ANF marks Anti-Narcotics Day by burning 38 tons of drugs

ANF marks Anti-Narcotics Day by burning 38 tons of drugs

To commemorate the International Day against drug abuse and illicit trafficking, a drug burning ceremony of Anti Narcotics Force was held on Friday at Rawalpindi. Secretary MNC K. B. Rind was the Chief Guest on the occasion. Diplomats; including Australia
Published 27 Jun, 2009 12:00am
Cinepax to invest $10 million to build 2 multiplex cinemas

Cinepax to invest $10 million to build 2 multiplex cinemas

Cinepax, the first nationally branded chain of multiplex cinemas in Pakistan, after attaining a major market in Rawalpindi, has signed an Agreement with City District Government Karachi to open 2 multiplex cinemas on different locations in Karachi.
Published 27 Jun, 2009 12:00am
PIA plans to close down cargo office in Islamabad

PIA plans to close down cargo office in Islamabad

A row has ignited over plans to close down the only cargo office of Pakistan International Airlines (PIA) in Blue Area, the busiest financial centre of the capital. The PIA has informed the people to collect and book their parcels and diplomatic mail from
Published 27 Jun, 2009 12:00am
SECP CROs to remain open today for collecting overdue returns

SECP CROs to remain open today for collecting overdue returns

To facilitate the corporate sector, the Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) will remain open on Saturday, June 27, 2009 from 9:00 am to 3:00 pm to collect overdue returns and annual accounts fil
Published 27 Jun, 2009 12:00am
Traders laud Imtiaz Elahi's appointment as Chairman CDA

Traders laud Imtiaz Elahi's appointment as Chairman CDA

Traders of Islamabad have lauded the government's decision to appoint Imtiaz Inayat Elahi as Chairman of Capital Development Authority (CDA) and assured full co-operation to the incumbent.
Published 27 Jun, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It is generally believed that success comes after taking a right step at a right time. Right step at wrong time or a wrong step at a wrong time will not give the desired result. This formula is so simple yet some of our politicians are not adhering to it
Published 27 Jun, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Jun, 2009 12:00am
Torture on lawyers: PBC demands action against cops

Torture on lawyers: PBC demands action against cops

Punjab Bar Council (PBC) has demanded of the government to dismiss the police officials who tortured the members of Kasur Bar Association and take disciplinary action against them. The bar also demanded registration of cases against the responsible police
Published 27 Jun, 2009 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (June 26, 2009).

Published 27 Jun, 2009 12:00am
Anti-Narcotics Day observed in Sukkur

Anti-Narcotics Day observed in Sukkur

Anti Narcotics Force (ANF), Sukkur observed World Anti-Narcotics Day against drug abuse and illicit drug trafficking and reiterated its commitment to fight against narcotics and create greater awareness about drug abuse.
Published 27 Jun, 2009 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

US gold futures rose toward $950 an ounce Friday as the dollar slipped against the euro, but weakening investment demand could pressure prices in the near term. August gold up $2.50 at $942 an ounce at 10:01 am EDT (1401 GMT) on the COMEX division of the
Published 27 Jun, 2009 12:00am
Foreign firms will get fair treatment: China

Foreign firms will get fair treatment: China

Chinese Premier Wen Jiabao has vowed a level playing field for foreign firms despite a recent order to local governments to favour domestic companies when purchasing goods, the government said. "The Chinese government has always ... insisted on maintainin
Published 27 Jun, 2009 12:00am
US spending, income rise; overall mood improves

US spending, income rise; overall mood improves

US consumer spending in May rose for the first time since February as government stimulus measures boosted income, while a consumer sentiment index in June edged higher, bolstering the view that the economy was close to emerging from recession.
Published 27 Jun, 2009 12:00am
Angry Russian boss pays workers in coins

Angry Russian boss pays workers in coins

Two Russian women got an unpleasant surprise when their former boss paid them more than 1,000 dollars to settle a labour dispute - in dozens of heavy bags full of tiny coins. The women, Anfisa Sizhuk and Anzhelika Shemyakina, were laid off amid the global
Published 27 Jun, 2009 12:00am
UBS problems to remain after $3.5 billion capital hike

UBS problems to remain after $3.5 billion capital hike

UBS has moved closer towards ending state involvement in the bank after it raised $3.5 billion of new capital, but must still settle US legal problems and stem client withdrawals to return to health. UBS, the world's largest wealth manager and one of the
Published 27 Jun, 2009 12:00am
Agency slaps Citibank Japan with sales suspension

Agency slaps Citibank Japan with sales suspension

Authorities ordered Citibank's Japan unit to suspend all sales operations at its retail banking arm for one month after it failed to improve anti-money laundering measures that target crime syndicates and other shadowy groups. The order Friday is the seco
Published 27 Jun, 2009 12:00am
Japan logs record price falls as demand slides

Japan logs record price falls as demand slides

Japanese consumer prices fell a record 1.1 percent in the year to May, with growing signs of falling demand pushing the economy deep into its second spell of deflation this decade, which may warrant a central bank response. The numbers released on Friday
Published 27 Jun, 2009 12:00am
Rich must pay $100 billion yearly on climate: Brown

Rich must pay $100 billion yearly on climate: Brown

Developed countries must fund a $100 billion a year fight against climate change in the developing world by 2020, British Prime Minister Gordon Brown said on Friday. Green campaigners supported the first such offer from a world leader and praised its timi
Published 27 Jun, 2009 12:00am
Taiwan stocks reach two-week closing high

Taiwan stocks reach two-week closing high

Taiwan stocks closed 0.09 percent higher on Friday at a two-week closing high after Taiwan's central bank kept rates steady, keeping the cost of lending low and boosting property shares such as Farglory. The main TAIEX share index ended 5.95 points higher
Published 27 Jun, 2009 12:00am
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