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Print - 2009-12-05
TUSDEC, USAID sign MoU

TUSDEC, USAID sign MoU

The Technology Upgradation and Skill Development Company (TUSDEC) and the USAID Pakistan FIRMS Project have signed a memorandum of understanding (MoU) to facilitate assimilation of technology and the upgrading of important sectors in Pakistan.
Published 05 Dec, 2009 12:00am
LPP protests US troops surge in Afghanistan

LPP protests US troops surge in Afghanistan

Labour Party Pakistan (LPP) held protest demonstration against the US troops' surge in Afghanistan here on Friday in front of US Consulate. Addressing the protestors, President LPP, Farooq Tariq, said that the troops surge in Afghanistan would accelerate
Published 05 Dec, 2009 12:00am
Political leaders urged to work for welfare of masses

Political leaders urged to work for welfare of masses

President of Pakistan Industrial Promotion Forum (PIPF), Khalid Tawab has urged the political leaders and government to give up differences and work for upgrading living standard of the masses. Talking to newsmen, he said that due to ever increasing price
Published 05 Dec, 2009 12:00am
PWC condemns Irsa's decision

PWC condemns Irsa's decision

Punjab Water Council (PWC) has condemned Irsa's decision to close all canals of river Indus which supply crucial river water to Punjab. In a press release issued here on Friday PWC has emphasised that Punjab produces 80 percent of the country's total agri
Published 05 Dec, 2009 12:00am
Bashir Miandad death condoled

Bashir Miandad death condoled

Chairman, Businessmen Group & former President Karachi Chamber of Commerce & Industry (KCCI), Siraj Kassam Teli, President, KCCI, Abdul Majid Haji Muhammad, former KCCI presidents, Tahir Khaliq, Zubair Motiwala, Haroon Farooki, Anjum Nisar, Senior Vice Pr
Published 05 Dec, 2009 12:00am
Aitzaz's CEC membership restored

Aitzaz's CEC membership restored

Pakistan Peoples Party (PPP) on Friday restored the Central Executive Committee's (CEC) membership of veteran party leader Barrister Aitzaz Ahsan after nine month of suspension. In a brief statement, PPP Secretary General Jahangir Badar informed the media
Published 05 Dec, 2009 12:00am
Intra-city transporters increase fare

Intra-city transporters increase fare

After the recent increase in petroleum prices the intra-city transporters throughout the country have increased fares from 5 to 10 percent without permission of the authorities concerned. While the local transporters of the twin cities are urging the gove
Published 05 Dec, 2009 12:00am
PIA awards tender to Wavetec

PIA awards tender to Wavetec

To create an organised and efficient waiting area in their head offices PIA published a tender for the supply and installation of Electronic Queue Management System (eQ System) for their offices in Karachi, Lahore, Islamabad, Rawalpindi and Peshawar. The
Published 05 Dec, 2009 12:00am
Naheed criticises government for not exposing Benazir Bhutto's murderers

Naheed criticises government for not exposing Benazir Bhutto's murderers

Pakistan Peoples Party (PPP) leader Naheed Khan has criticised the government for its failure in exposing the murderers of Mohtarma Benazir Bhutto. Addressing a press conference here on Friday, the PPP leader also contradicted the Prime Minister's stateme
Published 05 Dec, 2009 12:00am
Body formed to probe into Karakoram Express accident

Body formed to probe into Karakoram Express accident

Chairman Pakistan Railways, Sami Khilji has constituted a four-member committee comprising principal officers to investigate derailment of Karakoram Express. The committee will submit its report within a week and Chief Engineer, Chief Mechanical Engineer,
Published 05 Dec, 2009 12:00am
Lahore RTO notifies posting of 34 Inland Revenue Auditors

Lahore RTO notifies posting of 34 Inland Revenue Auditors

The Chief Commissioner of Inland Revenue, Regional Tax Office (RTO), Lahore, has placed the services of 34 senior auditors at the disposal of different Commissioners of Inland Revenue for posting as Inland Revenue Auditors.
Published 05 Dec, 2009 12:00am
Distributors demand cut in LPG price

Distributors demand cut in LPG price

All Pakistan LPG Distributors Association, North Zone, has demanded of the government to direct the Oil and Gas Development Company Limited (OGDCL) to reduce its LPG price, otherwise the Association will take "effective action" against it. In a statement,
Published 05 Dec, 2009 12:00am
Mian Rizwan nominated NPCIH's vice chairman

Mian Rizwan nominated NPCIH's vice chairman

Central Chairman National Peace Committee for Interfaith Harmony (NPCIH) Allama Syed Ayaz Zaheer Hashmi, has appointed Mian Rizwan Ali, President, Model Town Football Academy as Vice-Chairman of NPCIH. Rizwan will work as Gulberg Town's Vice Chairman and
Published 05 Dec, 2009 12:00am
Gold and silver prices dip

Gold and silver prices dip

Gold prices on the local market on Friday declined to Rs 38,700 per tola from record high of Rs 8,900, traders said. The price of gold per 10 grams also reduced to Rs 33,171 from Rs 33,342. Gold price on the global market was quoted at $1,205 an ounce dow
Published 05 Dec, 2009 12:00am
Arrangements to hold Agriculture Census 2010 reviewed

Arrangements to hold Agriculture Census 2010 reviewed

The arrangements for holding 6th Agriculture Census 2010 were reviewed at a meeting, held under the chairmanship of EDO Revenue, District Ghotki. The census will be completed in three stages with the Punjab and Sindh to be covered in the first stage, warm
Published 05 Dec, 2009 12:00am
Foreign minister returns after attending Commonwealth summit

Foreign minister returns after attending Commonwealth summit

Foreign Minister Makhdoom Shah Mahmood Qureshi on Friday returned here after representing Pakistan at the Commonwealth Heads of Government Meeting (CHOGM) held at Port of Spain, Trinidad and Tobago from November 27-29. The Foreign Minister earlier partici
Published 05 Dec, 2009 12:00am
Zardari underlines strength of Pakistan-UAE relations

Zardari underlines strength of Pakistan-UAE relations

President Asif Ali Zardari, describing relations between UAE and Pakistan as "outstanding" and based on cultural, religious and historical bonds, expressed admiration of the UAE's achievements and multifaceted march of development. In an interview with UA
Published 05 Dec, 2009 12:00am
Unsafe injections cause nearly 1.3 million deaths every year

Unsafe injections cause nearly 1.3 million deaths every year

The most recent study indicates that each year unsafe injections cause an estimated 1.3 million early deaths, a loss of 26 million years of life, and an annual burden of $535 million in direct medical costs. Unsafe injection practices are a powerful engin
Published 05 Dec, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
PMA lecture on terrorism, mental health today

PMA lecture on terrorism, mental health today

Pakistan Medical Association - Karachi is organising schedule lecture of the month, the theme of this month is "Terrorism and mental health with special focus on Pakistan," on Saturday at PMA house. Dr Amin A Muhammad Gadit, Professor of Psychiatry, Memor
Published 05 Dec, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 05 Dec, 2009 12:00am
GCU Lahore staging play 'Kamraa'

GCU Lahore staging play 'Kamraa'

Government College University Lahore Dramatics Club (GCUDC) is staging the play "Kamraa", an Urdu Adaptation of Manuel de Pedrolo's play Tecnica de Cambra (The Room), from December 6-8, 2009 at the university's Bokhari Auditorium. The play is a global all
Published 05 Dec, 2009 12:00am
The Weather

The Weather

The weather report on Friday (December 04, 2009) and the forecast for Saturday (December 05, 2009).

Published 05 Dec, 2009 12:00am
FUUAST Chemistry department being upgraded: vice chancellor

FUUAST Chemistry department being upgraded: vice chancellor

The Chemistry Department of the Federal Urdu University of Arts, Science and Technology (FUUAST) is being upgraded. This was stated by FUUAST Vice Chancellor Professor Dr Muhammad Qaiser on Friday. Speaking at a ceremony at the Department, he pointed out
Published 05 Dec, 2009 12:00am
16 Indian fishermen sent to jail

16 Indian fishermen sent to jail

Judicial Magistrate (JM) South, Ghulam Yasin Kolachi, on Friday remanded 16 Indian fishermen to judicial custody till December 14. The fishermen were arrested while fishing in Karachi's coastal waters a day back and were booked under Foreigners Act (Enter
Published 05 Dec, 2009 12:00am
TDAP forms body to monitor, register yarn exports

TDAP forms body to monitor, register yarn exports

The Trade Development Authority of Pakistan (TDAP) has constituted a committee to monitor and register yarn export contracts. Briefing the reporters about the decisions taken at a meeting between different textile associations and TDAP on Friday, the chie
Published 05 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 05 Dec, 2009 12:00am
Indian parliamentarians affirm support for continuation of dialogue

Indian parliamentarians affirm support for continuation of dialogue

A Forum of Indian parliament has strongly affirmed that continuation of dialogue between India and Pakistan is the only solution to political problems between the two countries. This will positively affect the process of economic integration of South Asia
Published 05 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 05 Dec, 2009 12:00am
Bilour calls on Elahi

Bilour calls on Elahi

Federal Minister for Railways Senator Ghulam Ahmed Bilour called on former Chief Minister Punjab Chaudhry Pervaiz Elahi and discussed in detail the current political situation in the country. Both the leaders stressed the need of national solidarity and h
Published 05 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
Bilour meets Nawaz: ANP seeks PML-N support on Pakhtoonkhawa issue

Bilour meets Nawaz: ANP seeks PML-N support on Pakhtoonkhawa issue

The Awami National Party (ANP) has formally sought support of Pakistan Muslim League (Nawaz) on its demand for renaming the NWFP as "Pakhtoonkhawa." The ANP central leader and Federal Railways Minister Ghulam Ahmed Bilour, during a meeting with PML-N Quai
Published 05 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
Committee constituted to review flour prices

Committee constituted to review flour prices

The Punjab Food Minister has constituted a high-level committee to review the prevailing flour prices and flourmills association's demand to increase the flour prices. According to a spokesman of the food department the flourmills association had requeste
Published 05 Dec, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
TCS not hired as official courier: KESC

TCS not hired as official courier: KESC

The Karachi Electric Supply Company (KESC) has clarified that it has not hired any private courier service for distribution of electricity bills to its consumers. A press release issued by the KESC here on Friday said that the TCS had been given the job o
Published 05 Dec, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (December 04, 2009) and for Saturday (December 05, 2009).
Published 05 Dec, 2009 12:00am
Water from Indus: Southern Punjab cannot be denied its share: PWC

Water from Indus: Southern Punjab cannot be denied its share: PWC

Punjab Water Council (PWC) has said that the Indus Basin Water Treaty 1960 guarantees alternate water supply to southern Punjab from the Indus river after giving away western mighty river Sutlej to India. "Under the Treaty between Pakistan and India, spon
Published 05 Dec, 2009 12:00am
Pir Mazhar to visit Hyderabad today

Pir Mazhar to visit Hyderabad today

Sindh Education Minister Pir Mazhar-ul-Haq will visit Hyderabad on Saturday (today). During his visit, the Minister will hold an open katchery at Circuit House, Hyderabad.
Published 05 Dec, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
Ibad grieved over attack in Rawalpindi

Ibad grieved over attack in Rawalpindi

Sindh Governor, Dr Ishrat-ul-Ibad Khan has expressed grief over the terrorist attack in Rawalpindi and said this act deserves any amount of condemnation. The Governor was grieved on the loss of lives and injuring of officers, innocent children and other p
Published 05 Dec, 2009 12:00am
MQM chief telephones Gilani

MQM chief telephones Gilani

MQM Quaid Altaf Hussain telephoned Prime Minister Syed Yusuf Raza Gilani and expressed his deep sorrow and grief over the loss of innocent lives in the tragic incident of twin suicide bomb attack at a Mosque in Rawalpindi on Friday. He praised the valour
Published 05 Dec, 2009 12:00am
Blinds Association team calls on Punjab chief minister

Blinds Association team calls on Punjab chief minister

Pakistan Blinds Association, President, Qari Noor Mohammad and General Secretary, Aamer Ashraf called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday. According to an official, the Chief Minister assured the representatives of the associat
Published 05 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
Last date for submission of 'Research Monograph'

Last date for submission of 'Research Monograph'

Dean Faculty of Commerce and Business Administration, Sindh University, Dr Anwar Ali Shah has announced on Friday December 15 has been fixed last date for submission of Research Monograph of 5th semester of MBA evening program 2008-2009. He further said t
Published 05 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
Punjab releases 4,815 convicts on parole in three months

Punjab releases 4,815 convicts on parole in three months

In the province of Punjab released 4815 prisoners/convicts on probation during the last three months of this year, 12541 in 2009 and 4914 in 2008. The number of convicts/prisoners released on parole by the Government of Punjab in the year 2008 are 69 and
Published 05 Dec, 2009 12:00am
FBR starts issuing notices to defaulters

FBR starts issuing notices to defaulters

The Federal Board of Revenue has started issuing notices to defaulters including registered firms, business units and corporate entities to recover income tax arrears pending for years. Sources told Business Recorder on Friday the Board has directe
Published 05 Dec, 2009 12:00am
Deaths of two minors: Chief Justice LHC blames police officials

Deaths of two minors: Chief Justice LHC blames police officials

Chief Justice Lahore High Court (LHC) while hearing a suo motu notices against the deaths of two minors, remarked that police department is filled with incompetent persons as their inefficiency caused death to two minors who were murdered after subjecting
Published 05 Dec, 2009 12:00am
THE RUPEE: dollar firmer

THE RUPEE: dollar firmer

The rupee was lower against dollar, it however, gained modestly versus euro on the currency market on Friday, dealers said. On the interbank market the rupee shed five paisa at 83.60 and 83.65 in relation to dollar for buying and selling, they said.
Published 05 Dec, 2009 12:00am
Department of Health Promotion established

Department of Health Promotion established

With focus on creation of a healthy society, the Punjab government has set up a Department of Health Promotion at the Directorate General Health Services, Punjab that has extended health promotion approach to non-communicable diseases (NCDs) especially ca
Published 05 Dec, 2009 12:00am
THE RUPEE: dollar firmer

THE RUPEE: dollar firmer

The rupee was lower against dollar, it however, gained modestly versus euro on the currency market on Friday, dealers said. On the interbank market the rupee shed five paisa at 83.60 and 83.65 in relation to dollar for buying and selling, they said.
Published 05 Dec, 2009 12:00am
Sixth Annual Symposium of LNH from December 11

Sixth Annual Symposium of LNH from December 11

The 6th Annual Symposium of the Liaquat National Hospital (LNH) would start from Friday, December 11, 2009. Former Sindh Minister for Health, Professor S. M. Rab would inaugurate the symposium. The motive of the symposium is to focus the major dilemmas li
Published 05 Dec, 2009 12:00am
Expert elaborates on Riba and interest

Expert elaborates on Riba and interest

Riba is a barometer of corruption and manifestation of dysfunctional and mismanaged economy, while interest is fulcrum of general equilibrium of economy and essential tool of monetary and fiscal management. This was stated by Dr Aqdas Ali Kazmi, Chief Wor
Published 05 Dec, 2009 12:00am
'Government taking steps for IT promotion'

'Government taking steps for IT promotion'

Punjab Chief Minister Shahbaz Sharif has said that the government is taking solid measures for the rapid development of the province and promotion of information technology for equipping the youth with the modern knowledge. He expressed these views during
Published 05 Dec, 2009 12:00am
Sketch of suicide bomber released

Sketch of suicide bomber released

Islamabad Police has released sketch of sector E-8 suicide bomber announcing Rs 25 lac (Rs 2.5 million) cash award for those who informed the police about his identification and name of the informer will not be disclosed. The bomber child was forced by th
Published 05 Dec, 2009 12:00am
Traders' body hails FBR decision on tax evasion

Traders' body hails FBR decision on tax evasion

National Traders Alliance (NTA) Pakistan has welcomed the move of Federal Board of Revenue (FBR) to bring the biggest tax evaders into the tax net to enhance collection and assured government of their full support. While terming the Federal Board of Reven
Published 05 Dec, 2009 12:00am
Centre for special persons being set up: Shahbaz

Centre for special persons being set up: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that a state-of-the-art centre is being established in the province at a cost of Rs 1 billion for the welfare and rehabilitation of special persons. He constituted a core group for formulating proposa
Published 05 Dec, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 04, 2009).

Published 05 Dec, 2009 12:00am
Judicial officers warned not to approach for transfers, postings

Judicial officers warned not to approach for transfers, postings

Administration Committee (AC) of Lahore High Court (LHC) has warned the judicial officers not to approach for their transfers and postings otherwise they would be proceeded under E&D Rules 1999. AC meeting which was held here Friday with LHC Chief Justice
Published 05 Dec, 2009 12:00am
Nazim bans garbage dumping at places other than landfill sites

Nazim bans garbage dumping at places other than landfill sites

Nazim Karachi, Syed Mustafa Kamal has under section 144 imposed ban on dumping of garbage at places other than specified dumping spots throughout the city for a period of seven days with immediate effect. In an order issued on Friday, the Nazim said point
Published 05 Dec, 2009 12:00am
Qazi moves Supreme Court for restoration of his petition against NRO

Qazi moves Supreme Court for restoration of his petition against NRO

As the Supreme Court is all set to start hearing of the pending petitions challenging National Reconciliation Ordinance (NRO) from Monday, former Jamaat-i-Islami chief Qazi Hussain Ahmed on Friday approached the court seeking restoration of his petition o
Published 05 Dec, 2009 12:00am
Government incentives to textile sector start showing good results

Government incentives to textile sector start showing good results

The government has provided maximum tax incentives and concessions to the textile sector, including exemption of customs duty on import of a wide range of textile machinery and equipment, which has enhanced exports of textile products during the second qu
Published 05 Dec, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Dec, 2009 12:00am
Presence of Blackwater: LHC issues notice to secretary interior

Presence of Blackwater: LHC issues notice to secretary interior

Chief Justice Lahore High Court (LHC) Justice Khawaja Muhammad Sharif on Friday issued show cause notice to the secretary interior who failed to submit reply in a petition against presence and illegal activities of Blackwater and Dutch nationals in Pakist
Published 05 Dec, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Dec, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Dec, 2009 12:00am
Six accused in Murtaza Bhutto murder case exonerated

Six accused in Murtaza Bhutto murder case exonerated

All the six accused belonging to Pakistan Peoples Party Shaheed Bhutto group (PPP- SB) were exonerated of charges of murder in relation to killing of Mir Murtaza Bhutto, Ashique Hussain Jatoi and six other workers and supporter of their own party.
Published 05 Dec, 2009 12:00am
Haroon denies loan written off allegation

Haroon denies loan written off allegation

Senator Haroon Akhtar has said that his family has not got loan written off from any bank. Addressing a press conference, here on Monday he said loans against his family business were cleared in accordance with the policy of the Agriculture Development Ba
Published 05 Dec, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Dec, 2009 12:00am
Qul

Qul

Iftikhar Ahmad Sipra, brother of former Judge Lahore High Court Sajjad Ahmad Sipra, has passed away. A number of the judges of the higher courts, law officers and elite of the city joined his funeral procession. His Qul Khawani will be held on December 5
Published 05 Dec, 2009 12:00am
Over 1,000 telephones of LTIE dead; no action taken yet

Over 1,000 telephones of LTIE dead; no action taken yet

More than 1000 telephones of the Lahore Township Industrial Estate (LTIE) are dead since long but no action has been taken yet by the relevant department despite repeated reminders. The LTIA Chairman Baber Mehmood Chaudhry, Vice Chairmen Chaudhry Zaheer B
Published 05 Dec, 2009 12:00am
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