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Print - 2009-11-14
Misappropriation of funds will never be allowed: Shahbaz

Misappropriation of funds will never be allowed: Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that corruption has weakened the foundation of the country. "Misappropriation of funds will never be allowed. There is a need to make collective efforts in order to root out corruption from the count
Published 14 Nov, 2009 12:00am
MDS Foods opens its first restaurant

MDS Foods opens its first restaurant

MDS Foods Private Limited, a business unit of Super Asia Group has announced the opening of the first Hardee's restaurant in Lahore, Pakistan, marking the official entrance of the world-renowned burger brand into the Pakistani market.
Published 14 Nov, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 13, 2009).

Published 14 Nov, 2009 12:00am
Surge in gold prices, terrorism destroy jewellery industry

Surge in gold prices, terrorism destroy jewellery industry

Pakistan's war against terrorism and the unprecedented surge in gold prices internationally have destroyed lucrative gems and jewellery business in the country. This was said by the prominent jewellers while talking to Business Recorder here on Fri
Published 14 Nov, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 13, 2009).

Published 14 Nov, 2009 12:00am
Closure of educational institutions: LHC dismisses petition

Closure of educational institutions: LHC dismisses petition

The Lahore High Court (LHC) dismissed a petition of lawyer seeking closure of all educational institutions across the country till December 31 due to security threats. The court held that court could not interfere in the policy matter of the government.
Published 14 Nov, 2009 12:00am
Driver killed, five Nato tankers destroyed

Driver killed, five Nato tankers destroyed

Unknown miscreants attacked and destroyed five oil tankers supplying fuel to Nato forces in Afghanistan, near here during the wee hours of Friday morning, officials said. A driver of the vehicle also died in the attack. The assailants fired rockets at the
Published 14 Nov, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Speaker National Assembly Dr Fehmida Mirza has requested media not to distort the image of politicians as they are being watched by the world community at large. She was talking to media at a luncheon she hosted for them after the National Assembly sessio
Published 14 Nov, 2009 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Firmness prevailed on the currency market on Friday as the rupee maintained it's recovery against the dollar due to easy supply of the US currency, dealers said. On the interbank market the rupee managed to rise five paisa versus dollar for buying and sel
Published 14 Nov, 2009 12:00am
Government working on nine-point economic reforms agenda: Khar

Government working on nine-point economic reforms agenda: Khar

State Minister for Finance Hina Rabbani Khar on Friday informed the National Assembly that the government is working on nine-point economic reforms agenda to bring economy back on track for achieving GDP growth, which has been targeted at 3.3 percent duri
Published 14 Nov, 2009 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Firmness prevailed on the currency market on Friday as the rupee maintained it's recovery against the dollar due to easy supply of the US currency, dealers said. On the interbank market the rupee managed to rise five paisa versus dollar for buying and sel
Published 14 Nov, 2009 12:00am
Transporters to get compensation today

Transporters to get compensation today

The owners of vehicles burnt during incidents of violence in Karachi will finally get the compensation amount. In this regard Provincial Transport Minister Akhtar Hussain Jadoon and Home Minister Dr Zulfikar Ali Mirza will distribute compensation cheques
Published 14 Nov, 2009 12:00am
SHCBA election today

SHCBA election today

More than 3000 members of Sindh High Court Bar Association (SHCBA) will go to polls on Saturday to elect new managing committee for the year 2010. The main contest is between (former Justice) Rasheed A Razvi, the incumbent President, and a former presiden
Published 14 Nov, 2009 12:00am
Pakistan rejects India's objections over Gilgit-Baltistan elections

Pakistan rejects India's objections over Gilgit-Baltistan elections

Pakistan on Friday rejected the objections raised by India over Thursday's elections in Gilgit-Baltistan. A statement issued by Foreign Office Spokesman said: "We have seen the remarks by the Spokesperson of Indian External Affairs Ministry made today in
Published 14 Nov, 2009 12:00am
US team urged to table new military aid bill for Pakistan

US team urged to table new military aid bill for Pakistan

PML-Q (Like-minded Group) President Senator Salim Saifullah Khan on Friday asked the visiting US parliamentarians to urge the Obama administration to write off Pakistan's debts and table a new military assistance bill for Pakistan without strings.
Published 14 Nov, 2009 12:00am
Kerry-Lugar aid should be used through NGOs: opinion survey

Kerry-Lugar aid should be used through NGOs: opinion survey

Majority of the people of Pakistan are of the view that $1.5 billion US aid under Kerry-Lugar Bill for social sector uplift and poverty alleviation programmes should be utilised through non-governmental organisations (NGOs) as they have established their
Published 14 Nov, 2009 12:00am
Need for transparent disbursement of $1.5 billion US aid stressed

Need for transparent disbursement of $1.5 billion US aid stressed

The US House Appropriation Committee has stressed need for transparent and systematic disbursement of American annual aid of $1.5 billion, which primarily aims at promoting education, health and general welfare of IDPs (internally displaced persons) of Sw
Published 14 Nov, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 13, 2009).

Published 14 Nov, 2009 12:00am
US security advisor calls on Foreign Minister

US security advisor calls on Foreign Minister

The US National Security Advisor, General James Jones (Retd) met Foreign Minister Shah Mehmood Qureshi in the Foreign Office on Friday. He was accompanied by his Deputy for counter-terrorism, John Brennan.Minister of Defence Chaudhry Ahmed Mukhtar and Min
Published 14 Nov, 2009 12:00am
Malaysian police arrest a Pakistani over murder

Malaysian police arrest a Pakistani over murder

Malaysian police have arrested a Pakistani man believed to have been involved in the murder of a 26-year-old Hungarian flight attendant five months ago, reports said Friday. The suspect, in his 30s, was detained early Thursday at a hilltop resort in Pahan
Published 14 Nov, 2009 12:00am
Restructuring of Hesco on the cards: Khilji

Restructuring of Hesco on the cards: Khilji

The Chief Executive Officer Hyderabad Electric Supply Company (Hesco) Habibullah Khilji has said that revamping and restructuring of Hesco was on the cards with investment and financial assistance of World Bank and Asian Development Bank (ADB) to minimise
Published 14 Nov, 2009 12:00am
PTI takes out rally against government, 'friendly opposition'

PTI takes out rally against government, 'friendly opposition'

Pakistan Tehreek-e-Insaaf (PTI) Punjab on Friday held a rally to condemn the role of the present rulers and friendly opposition for failing to steer the country out of crisis. The rally led by PTI Punjab President Ahsen Rasheed started from Lahore Hotel a
Published 14 Nov, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Nov, 2009 12:00am
Appointment of judges: LHC dismisses petition

Appointment of judges: LHC dismisses petition

The Chief Justice Lahore High Court (LHC) observing, "He is aware of the situation and taking serious steps to fill up vacant seats in LHC" dismissed a petition praying for the appointment of further judges at LHC. The petitioner, Tahir Farooq Chaudhry ha
Published 14 Nov, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Nov, 2009 12:00am
Appointment of general manger PITAC: LHC seeks reply from Wattoo

Appointment of general manger PITAC: LHC seeks reply from Wattoo

The Lahore High Court (LHC) on Friday sought reply from federal minister for industries Manzoor Wattoo and other respondent in a petition challenging appointment of general manger Pakistan Industrial Technical Assistance Center (PITAC).
Published 14 Nov, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Nov, 2009 12:00am
Pamco hands over first perishable cargo centre to Agility International

Pamco hands over first perishable cargo centre to Agility International

Import and export facility of high value added perishable commodities like fruits, vegetable and meat both for export and import have been provided by Punjab Agri Marketing Company (Pamco) at Lahore Airport. According to details, Pamco have handed over it
Published 14 Nov, 2009 12:00am
UCs turn ineffective due to transfer of Secretaries: Nasrin Jalil

UCs turn ineffective due to transfer of Secretaries: Nasrin Jalil

Naib Nazim Karachi, Nasrin Jalil has said that due to transfer of Secretaries of 134 union councils the funds of these UCs could not be acquired. She said these secretaries pertaining to 134 out of 178 total UCs have also not been replaced and as a result
Published 14 Nov, 2009 12:00am
DCO reviews sugar supply in Sukkur

DCO reviews sugar supply in Sukkur

District Co-ordination Officer (DCO), Sukkur, Abdul Majeed Pathan on Friday presided a meeting to review arrangements for the provision of sugar in the district. Executive District Officer (EDO) Revenue Abdul Waheed Shaikh, police officials and other seni
Published 14 Nov, 2009 12:00am
Sharmila donates five computers to school laboratory in Lyari

Sharmila donates five computers to school laboratory in Lyari

Advisor to Sindh Chief Minister Sharmila Farooqui, while donating five computers for the lab of a school in Lyari, has said President's Rs 500 million Lyari Development Package would bring far reaching improvement in the education, health sectors as well
Published 14 Nov, 2009 12:00am
888 gangs busted, huge quantity of arms seized in 11 months

888 gangs busted, huge quantity of arms seized in 11 months

The Provincial Police busted 888 gangs of criminals and seized huge quantity of arms and ammunition during the period from January to November 11. According to a report, the police arrested 2,906 accused during police encounters, busted 888 gangs and kill
Published 14 Nov, 2009 12:00am
JeAH advocates tripartite talks

JeAH advocates tripartite talks

Jamiat-e-Ahli-Hadees (JeAH), President, Maulana Shaukat Ahmad Shah has said that the tripartite talks can lead to the resolution of Kashmir issue in occupied Kashmir. According to Kashmir Media Service, Shaukat Ahmad Shah, while addressing a news conferen
Published 14 Nov, 2009 12:00am
Flights from Sialkot to be increased soon: managing director PIA

Flights from Sialkot to be increased soon: managing director PIA

Managing Director Pakistan International Airline (PIA), Captain Muhammad Aijaz Haroon, has revealed that PIA is considering adding new destinations in near future by increasing the number of flights from Sialkot. The step is being taken keeping in view th
Published 14 Nov, 2009 12:00am
Kaira hails PPP success in Gilgit-Baltistan polls

Kaira hails PPP success in Gilgit-Baltistan polls

Governor Gilgit-Baltistan, Qamar Zaman Kaira said on Friday that Pakistan Peoples Party (PPP) has shown good performance in the elections in the area and expected the process of government formation to be completed within seven days. Talking to APP here,
Published 14 Nov, 2009 12:00am
Belgian Prime Minister calls for dialogue on Kashmir

Belgian Prime Minister calls for dialogue on Kashmir

The Prime Minister of Belgium, Herman Van Rompuy has called upon India and Pakistan to hold constructive dialogue for resolution of the Kashmir dispute. According to Kashmir Media service, the Prime Minister in a letter addressed to Executive Director of
Published 14 Nov, 2009 12:00am
Farmers urge government to check middleman's role in paddy procurement

Farmers urge government to check middleman's role in paddy procurement

Farmers have urged the concerned officials to minimise the role of middleman to provide better price of paddy to growers. Although the government has fixed intervention prices of basmati at Rs 1,250 per 40 kg and Rs 650 for Irri-6 varieties of rice but th
Published 14 Nov, 2009 12:00am
Lahorites to have automated ticketing system

Lahorites to have automated ticketing system

For the facility of growing number of users more new buses will be brought on the roads of provincial metropolis soon and automated ticketing system will also be introduced. Punjab Minister for Transport, Excise and Taxation and Education, Mian Mujtaba Sh
Published 14 Nov, 2009 12:00am
CDA to launch 60-day water conservation campaign from November 15

CDA to launch 60-day water conservation campaign from November 15

The Capital Development Authority (CDA) would launch a 60-day campaign from November 15 to create awareness among masses about water conservation and to avoid its wastage. This water conservation campaign is being jointly organised by CDA, Mass Awareness
Published 14 Nov, 2009 12:00am
Pakistan for ties with US based on mutual respect: Naek

Pakistan for ties with US based on mutual respect: Naek

Chairman Senate Farooq H Naek on Friday said that Pakistan wanted to build a long-term relationship with the United States based on mutual respect and shared goals looking beyond narrow paradigms of security and war on terror. He was talking to a US Congr
Published 14 Nov, 2009 12:00am
MDA DG inspects progress of work on Northern Bypass

MDA DG inspects progress of work on Northern Bypass

Director General Multan Development Authority (MDA), Syed Tasaduq Hussain Bukhari Friday inspected the on-going work on the mega project of Northern Bypass in the city's outskirts. Accompanied by Director Engineering XEN, Ijaz Ahmad and other engineering
Published 14 Nov, 2009 12:00am
Convenient politics

Convenient politics

The PPP has established itself as an anti-establishment party. It has its intact, hugely devoted vote bank among the poorest of the society, which is on another count, uncouth, uneducated, believing more in personality worship, than knowing anything about
Published 14 Nov, 2009 12:00am
Iqbal's wisdom

Iqbal's wisdom

They say that trees that are strongly rooted in the ground, grow the tallest. Yes, there is a certain charm in modernity; a wisdom in staying ahead of the times, but in our quest to be 'hip' we should not forget our history and culture. I had unknowingly
Published 14 Nov, 2009 12:00am
The perils of picking a president

The perils of picking a president

A current joke in European Union circles runs, "What is the hottest place in Europe?" The answer is "Fredrik Reinfeldt's telephone." Sweden's prime minister currently holds the EU's rotating presidency. As such, he has been tasked with leading negotiation
Published 14 Nov, 2009 12:00am
China, US locked in battle but trade war unlikely: experts

China, US locked in battle but trade war unlikely: experts

China is locked in a series of tit-for-tat anti-dumping probes with its top trading partners, the United States and the European Union, but an all-out trade war is unlikely, experts say. After months of low-level tensions, Beijing and Washington stepped u
Published 14 Nov, 2009 12:00am
Capitalists' Achilles' heel?

Capitalists' Achilles' heel?

Concepts are one thing and their application quite another. At the conceptual state the difficulty is that as Pakistanis, we have refused to see and consider the larger picture. The issue is that we have forgotten how to think for ourselves. We have drift
Published 14 Nov, 2009 12:00am
Balochistan: Tomorrow may be too late

Balochistan: Tomorrow may be too late

The urgency to resolve the Balochistan imbroglio cannot be denied, but given ex-prime minister Nawaz Sharif's latest take on this critical issue, some delay in presenting the Balochistan Package before the parliament would be acceptable. The government wa
Published 14 Nov, 2009 12:00am
The state of Pakistan's economy

The state of Pakistan's economy

In an interview with a news agency on 10th November, 2009, State Bank Governor Syed Salim Raza seems to have tried to give a positive spin to the latest trends in economy. Stressing that economy was out of woods, he supported his contention by underlining
Published 14 Nov, 2009 12:00am
TDAP organises workshop for textile sector entrepreneurs

TDAP organises workshop for textile sector entrepreneurs

Trade Development Authority of Pakistan (TDAP) in collaboration with the CBI Netherlands arranged a two day workshop on "preparing for an effective participation in Heim Textile" which was participated by the textile sector entrepreneurs.
Published 14 Nov, 2009 12:00am
Competition Ordinance a provincial subject: LCCI

Competition Ordinance a provincial subject: LCCI

The Lahore Chamber of Commerce & Industry (LCCI) while expressing grave concern over the controversy arisen in respect of the Competition Commission of Pakistan's Ordinance, has said that it is a provincial subject and the Federal legislature should not t
Published 14 Nov, 2009 12:00am
Aitzaz advises President to avoid protecting NRO beneficiaries

Aitzaz advises President to avoid protecting NRO beneficiaries

Aitzaz Ahsan, leading lawyer and Pakistan People's Party (PPP) stalwart, has advised President Asif Ali Zardari that he should let the corrupt ones be arrested after the expiry of National Reconciliation Ordinance (NRO) and avoid projection of an image th
Published 14 Nov, 2009 12:00am
CJP will not attend International Conference of Jurists

CJP will not attend International Conference of Jurists

Due to judicial professional commitments Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry will not be able to participate as a special guest in the "International Conference of Jurists" in India.
Published 14 Nov, 2009 12:00am