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Print - 2009-12-08
Aghaz-e-Haqooq-e-Balochistan package: Senators demand practical steps

Aghaz-e-Haqooq-e-Balochistan package: Senators demand practical steps

Senators of Balochistan have demanded of the government to take practical measures without any delay to implement "Aghaz-e-Haqooq-e-Balochistan" package and give maximum provincial autonomy for securing the rights of the people. They also demanded of the
Published 08 Dec, 2009 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 8 officials of Cost Accountant Group (BS-19) with immediate effect.
Published 08 Dec, 2009 12:00am
Supreme Court judge should head new accountability commission: PML-N

Supreme Court judge should head new accountability commission: PML-N

Opposition leader in the National Assembly Chaudhry Nisar Ali Khan on Monday said his party wanted the new accountability commission to be headed by a serving or retired judge of the Supreme Court, who should be appointed by the Prime Minister after consu
Published 08 Dec, 2009 12:00am
NHA board approves new uplift projects for Multan

NHA board approves new uplift projects for Multan

The Executive Board of National Highway Authority (NHA), which met with Chairman NHA Altaf Ahmed Chaudhry in the chair here on Monday, approved new projects to develop Multan City including Multan Inner Ring Road and construction of flyovers at Jinnah Cho
Published 08 Dec, 2009 12:00am
Mobilink celebrates International Volunteers Day

Mobilink celebrates International Volunteers Day

On the eve of International Volunteer Day (IVD), Mobilink, Pakistan's market leader in cellular services and a subsidiary of Orascom Telecom Holding, commemorated employees for maintaining the spirit of volunteerism throughout the year. Designated by the
Published 08 Dec, 2009 12:00am
MCB Bank to celebrate success of privilege banking

MCB Bank to celebrate success of privilege banking

On the successful completion of first year of MCB privilege, S M Muneer, Vice Chairman, Atif Bajwa, President and CEO and Mehreen Ahmed - Group Head Consumer Banking along with the Privilege Banking Team hosted a lunch for 150 guests, from various sectors
Published 08 Dec, 2009 12:00am
FPCCI condoles Bashir Miandad's death

FPCCI condoles Bashir Miandad's death

Sultan Ahmed Chawla, President FPCCI, Tariq Sayeed, President Saarc CCI and former President FPCCI, S.M.Muneer, President Indo-Pak CCI and former President FPCCI, Iftikhar Ali Malik, Vice President Saarc CCI, Zakaria Usman, Mansha Churra and Mumtaz Ali Sh
Published 08 Dec, 2009 12:00am
Overseas Pakistanis moot in Dubai concludes

Overseas Pakistanis moot in Dubai concludes

The first session of Overseas Pakistanis Forum (OPF), chaired by Federal Minister for Overseas Pakistanis, Dr Farooq Sattar concluded in Dubai on Monday night. It was organised by Javed Malik, Pakistan's Ambassador and, on the occasion the Overseas Pakist
Published 08 Dec, 2009 12:00am
Double shift at BIEK gives rise to corruption

Double shift at BIEK gives rise to corruption

The decision of the Board of Intermediate and Secondary Education, Karachi (BIEK), to allow its employees to enjoy the benefit of double salaries at the expense of the provincial government has not only affected their performance but has also resulted in
Published 08 Dec, 2009 12:00am
CIAC chief condoles Ghulam Rasul's death

CIAC chief condoles Ghulam Rasul's death

"The demise of Ghulam Rasul comes as a national loss to Pakistan. This legendary artist was an institution in his own being," said Syed Jawaid Iqbal, Chairman, Central Institute for Arts and Crafts (CIAC), the pioneer arts and crafts school in Pakistan. J
Published 08 Dec, 2009 12:00am
LoI signed to explore areas of academic collaboration

LoI signed to explore areas of academic collaboration

Darussalam Institute of Islamic Studies, Pondok Modern Darussalam, Gonto, Ponorogo, Indonesia and Punjab University have signed a letter of intent(LoI) to explore areas of academic collaboration between the two institutions. Punjab University Acting vice-
Published 08 Dec, 2009 12:00am
Arrangements for Mochi Gate public meeting reviewed

Arrangements for Mochi Gate public meeting reviewed

Senior Provincial Minister, Raja Riaz Ahmed has directed to ensure foolproof security arrangements for the public meeting to be held on December 13. He was presiding over a meeting at committee room of Punjab Assembly here on Monday. He asked police and a
Published 08 Dec, 2009 12:00am
Pakistan and German companies sign MoU for solar project

Pakistan and German companies sign MoU for solar project

A well reputed German solar company Azur Solar GmbH has signed a Memorandum of Understanding (MoU) with Raza Impex Pvt Ltd Pakistan during the visit of the Prime Minister of Pakistan Syed Yousuf Raza Gilani to Germany. According to Board of Investment (Bo
Published 08 Dec, 2009 12:00am
Chaudhry Manzoor likely to contest for PPP secretary general slot

Chaudhry Manzoor likely to contest for PPP secretary general slot

Chaudhry Manzoor Ahmed, Pakistan Peoples Party (PPP) stalwart from district Kasur, is likely to contest elections for the slot of party secretary general against Chaudhry Aitzaz Ahsan, said the party sources. Talking to Business Recorder, the party source
Published 08 Dec, 2009 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (December 07, 2009).

Published 08 Dec, 2009 12:00am
Sindh University Convocation on December 22

Sindh University Convocation on December 22

The Academic Convocation of the University of Sindh will be held on December 22. The rehearsal of the convocation will take place on December 21 at 11.00am at the Madr-e-Millat Fatima Jinnah Gymnasium at Allama I.I.Kazi campus Jamshoro. All candidates who
Published 08 Dec, 2009 12:00am
Rehabilitation of damaged transmission line starts on war footing: Pepco

Rehabilitation of damaged transmission line starts on war footing: Pepco

Pakistan Electric Power Company's spokesman has said that Pepco teams are busy in rehabilitation/repair work of four damaged pylons of 500KV transmission lines blasted by unidentified miscreants in a sabotage activity. Rehabilitation work started on war f
Published 08 Dec, 2009 12:00am
LEAs asked to remain on full alert in Muharram

LEAs asked to remain on full alert in Muharram

Punjab Chief Minister, Shahbaz Sharif has directed that all out resources should be utilised for maintaining religious harmony and law and order during Muharram-ul-Haram and law-enforcement agencies should remain fully alert for this purpose. He said that
Published 08 Dec, 2009 12:00am
Chicago terror suspect charged over Mumbai attacks

Chicago terror suspect charged over Mumbai attacks

A Chicago man charged with plotting to attack a Danish newspaper also spent two years planning the deadly 2008 terror attacks in Mumbai, US officials said Monday. The US Department of Justice also said a retired Pakistani military officer faces US terrori
Published 08 Dec, 2009 12:00am
Swine flu victim dies at hospital

Swine flu victim dies at hospital

A swine flu victim died on Monday at a local hospital, alarming the health authorities who immediately issued red alert to all the hospitals in the metropolis. Iftikhar, a patient of swine flu working as physiotherapist at Social Security Hospital, was ad
Published 08 Dec, 2009 12:00am
LHC issues notice to Liquidation Board chief

LHC issues notice to Liquidation Board chief

The Lahore High Court has issued notice to Chairman Liquidation Board in a contempt petition filed by a citizen Anwar Hussain praying to the court to direct the respondent chairman to pay the amount for the land acquired by the board. The petitioner conte
Published 08 Dec, 2009 12:00am
Operation against illegal structures continues

Operation against illegal structures continues

Operation against structures raised in violation of building by-laws or without getting approval from the Lahore Development Authority (LDA) continued for the second consecutive day on Monday. District Co-ordination Officer (DCO) Lahore Sajjad Bhutta supe
Published 08 Dec, 2009 12:00am
Beneficiaries of NRO: LHC issues notices for December 21

Beneficiaries of NRO: LHC issues notices for December 21

The Lahore High Court issued notices for December 21 in a petition praying to the court to declare beneficiaries of National Reconciliation Ordinance (NRO) disqualified from contesting the election or holding any public office. The petitioner Javed Iqbal
Published 08 Dec, 2009 12:00am
Reproductive health: call for raising awareness among youth

Reproductive health: call for raising awareness among youth

Speakers at a Youth Media Interface Dialogue titled Information Empowers have called for raising awareness among youth about sexual reproductive health and rights. The event was organised by Rahnuma Family Planning Association of Pakistan at a local hotel
Published 08 Dec, 2009 12:00am
Wavetec system installed at Emirates airlines Sharjah office

Wavetec system installed at Emirates airlines Sharjah office

Emirates airlines continues its partnership with Wavetec." Wavetec's state of the art dual printer touch screen LCD kiosk (Queue Management) solution installed at Emirates new office in Sharjah, UAE, according to a press release received here. Emirates Ai
Published 08 Dec, 2009 12:00am
Japan gives 15 ambulances to Fata

Japan gives 15 ambulances to Fata

Japan has provided 15 ambulances to Pakistan aiming to improve health and medical service in Federally Administered Tribal Area (Fata), says a press release received here on Monday. These ambulances were purchased as a part of 'Non-Project Grant Aid' of 7
Published 08 Dec, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (December 07, 2009).

Published 08 Dec, 2009 12:00am
NFC meeting in Lahore on December 9

NFC meeting in Lahore on December 9

Punjab Finance Minister Tanvir Ashraf Kaira has said that the meeting of National Finance Commission (NFC) Award would be held in Lahore on December 9 and 10 for which all necessary arrangement have been finalised. While talking to a delegation of newsmen
Published 08 Dec, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (December 07, 2009).
Published 08 Dec, 2009 12:00am
Sindh government reluctant to pay off Rs 12 billion Hesco dues

Sindh government reluctant to pay off Rs 12 billion Hesco dues

The Sindh government is reluctant to clear the outstanding electricity dues of Rs 12 billion of the Hyderabad Electric Supply Corporation (Hesco), and insists that the bills are inflated and based on average, it is learnt. According to sources, the utilit
Published 08 Dec, 2009 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (December 07, 2009).

Published 08 Dec, 2009 12:00am
Amin urges US to expedite progress on BIT, ROZs

Amin urges US to expedite progress on BIT, ROZs

Commerce Minister Makhdoom Amin Fahim has urged the US to expedite progress on bilateral investment treaty (BIT) and reconstruction opportunity zones (ROZs). Talking to US Ambassador to Pakistan Anne W Patterson, who called on him in his office on Monday,
Published 08 Dec, 2009 12:00am
WTO chief says hopes of Doha deal are uncertain

WTO chief says hopes of Doha deal are uncertain

The World Trade Organisation chief urged members Monday to resist protectionist pressure in the wake of the economic crisis, but said hopes of an early deal to free up international commerce are uncertain. "In February this year, the global economic downt
Published 08 Dec, 2009 12:00am
ISE index down 3.98 points

ISE index down 3.98 points

Bears occupied the driving seat at the Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs under the lead of trend-setters amid decrease in index. ISE-10 Index showed a decrease of 3.98 points from 2,086.02 to 2,082.04 points. Tu
Published 08 Dec, 2009 12:00am
ISE index down 3.98 points

ISE index down 3.98 points

Bears occupied the driving seat at the Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs under the lead of trend-setters amid decrease in index. ISE-10 Index showed a decrease of 3.98 points from 2,086.02 to 2,082.04 points. Tu
Published 08 Dec, 2009 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (December 07, 2009).

Published 08 Dec, 2009 12:00am
Equities range-bound on LSE

Equities range-bound on LSE

Bearish sentiment kept the equities range-bound on Lahore Stock Exchange on Monday and trading turnover declined considerably on account of lack of interest on the part of investors who remained on the sidelines. The LSE-25 index declined by 7.11 points a
Published 08 Dec, 2009 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (December 07, 2009).

Published 08 Dec, 2009 12:00am
Equities range-bound on LSE

Equities range-bound on LSE

Bearish sentiment kept the equities range-bound on Lahore Stock Exchange on Monday and trading turnover declined considerably on account of lack of interest on the part of investors who remained on the sidelines. The LSE-25 index declined by 7.11 points a
Published 08 Dec, 2009 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (December 07, 2009).

Published 08 Dec, 2009 12:00am
BRIndex30 loses 33.55 points

BRIndex30 loses 33.55 points

On Monday, the BRIndex30 opened at 7,855.56 points and, after a short upward boost, fell and remained in negative for the rest of market time. It closed at 7,822.01 points, with a net negative change of -33.55 points and percentage change of -0.43.
Published 08 Dec, 2009 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 08 Dec, 2009 12:00am
BRIndex30 loses 33.55 points

BRIndex30 loses 33.55 points

On Monday, the BRIndex30 opened at 7,855.56 points and, after a short upward boost, fell and remained in negative for the rest of market time. It closed at 7,822.01 points, with a net negative change of -33.55 points and percentage change of -0.43.
Published 08 Dec, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 08 Dec, 2009 12:00am
Investors on sidelines

Investors on sidelines

The prevailing political uncertainty over NRO issue and security concerns kept the investors totally on the sidelines on Monday as trading volumes at ready counter drastically declined to 23-week low at 8,992.92 points. Although the market opened on a pos
Published 08 Dec, 2009 12:00am
Investors on sidelines

Investors on sidelines

The prevailing political uncertainty over NRO issue and security concerns kept the investors totally on the sidelines on Monday as trading volumes at ready counter drastically declined to 23-week low at 8,992.92 points. Although the market opened on a pos
Published 08 Dec, 2009 12:00am
Investors on sidelines

Investors on sidelines

The prevailing political uncertainty over NRO issue and security concerns kept the investors totally on the sidelines on Monday as trading volumes at ready counter drastically declined to 23-week low at 8,992.92 points. Although the market opened on a pos
Published 08 Dec, 2009 12:00am
GUL AHMED: Synonymous with quality, innovation and reliability

GUL AHMED: Synonymous with quality, innovation and reliability

Gul Ahmed first began trading in textiles in the early 1900's, and manufacturing started in 1953 with the establishment of Gul Ahmed Textile Mills Limited. Gul Ahmed was listed on the Karachi Stock Exchange in 1972. Fifty years since its inception, the na
Published 08 Dec, 2009 12:00am
Suicide bombing outside sessions court kills 10

Suicide bombing outside sessions court kills 10

At least 10 people were killed and 47 others injured in a suicide bomb blast near the gate of the Sessions Court here on Monday. An official of the bomb disposal squad (BDS) said that the suicide bomber, who arrived in an auto-rickshaw and tried to enter
Published 08 Dec, 2009 12:00am
Suicide bombing outside sessions court kills 10

Suicide bombing outside sessions court kills 10

At least 10 people were killed and 47 others injured in a suicide bomb blast near the gate of the Sessions Court here on Monday. An official of the bomb disposal squad (BDS) said that the suicide bomber, who arrived in an auto-rickshaw and tried to enter
Published 08 Dec, 2009 12:00am
Processed food export to get six percent R&D support

Processed food export to get six percent R&D support

The State Bank of Pakistan (SBP) on Monday announced to provide 6 percent research and development (R&D) support on export of processed food. However, the SBP has said that it would not directly receive R&D support claims, and cases duly approved by Trade
Published 08 Dec, 2009 12:00am
Message from President Pakistan France Business Alliance

Message from President Pakistan France Business Alliance

Pakistan France Business Alliance is holding its second Trade Performance Awards ceremony in one year. A rather unusual step, but it was imperative for your Executive Committee to clear the back log before leaving office. My Presidency of PFBA will come t
Published 08 Dec, 2009 12:00am
Processed food export to get six percent R&D support

Processed food export to get six percent R&D support

The State Bank of Pakistan (SBP) on Monday announced to provide 6 percent research and development (R&D) support on export of processed food. However, the SBP has said that it would not directly receive R&D support claims, and cases duly approved by Trade
Published 08 Dec, 2009 12:00am