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Print - 2009-12-09
Plan to equip educational institutions with latest infrastructure in AJK

Plan to equip educational institutions with latest infrastructure in AJK

President of Azad Jammu and Kashmir, Raja Muhammad Zulqarnain Khan here on Tuesday said that the government was executing an integrated phased plan to furnish all the state-run educational institutions from primary to varsity level with modern infrastruct
Published 09 Dec, 2009 12:00am
EPS holds five-day workshop on human rights

EPS holds five-day workshop on human rights

The Education Promotion Society (EPS) in collaboration with KNH organised a five-day workshop titled "Human Rights Education and Capacity Building" at Centre for Peace and Harmony in Faisalabad. The trainers of the workshop called upon the government to t
Published 09 Dec, 2009 12:00am
APHC's rally to mark IHRs Day on December 10

APHC's rally to mark IHRs Day on December 10

In Occupied Kashmir, the All Parties Hurriyet Conference will hold a rally in occupied Srinagar on Thursday to mark December 10, the International Human Rights Day (IHRs). According to the Kashmir Media Services, the decision has been taken to draw world
Published 09 Dec, 2009 12:00am
Business Recorder Research's rejoinder

Business Recorder Research's rejoinder

This is with reference to the Letter to the Editor under the Subject "Business Recorder Research," by H.A. Naqvi. 1. The consumption of sugar in Pakistan is 4.3 to 4.5 million tons per year and not 3.7 million tons as Business Recorder Resea
Published 09 Dec, 2009 12:00am
Business Recorder research

Business Recorder research

This is with reference to your Analyses and Comments under the heading "Sugar imports to set perfect stage for millers" which appeared on page 2 in the issue of November 23, 2009. In this report it is mentioned that:
Published 09 Dec, 2009 12:00am
Anti-Corruption Day

Anti-Corruption Day

9th December 2009 is the seventh anniversary of the signing of the United Nations Convention against Corruption UNCAC, which Pakistan has ratified on 11th August 2007. On his election as the first Governor General of the Constituent Assembly of Pakistan,
Published 09 Dec, 2009 12:00am
Good Morning: Quetta and Peshawar - the roads not taken

Good Morning: Quetta and Peshawar - the roads not taken

How shocked, saddened and apprehensive can one be at what has happened in Peshawar, Quetta and then finally in Lahore on Monday, the 7th of December - the day the 17-member bench of the Supreme Court was taking up the petitions relating to the National Re
Published 09 Dec, 2009 12:00am
Leaderless or rudderless

Leaderless or rudderless

Since Benazir's death, the PPP has turned into a leaderless party. Asif Zardari, who was chosen as the new the helmsman, has turned out to be a colossal disappointment as was widely expected. Soon after the 2008 elections, the PPP was in an ideal position
Published 09 Dec, 2009 12:00am
Pakistan's nuclear needs

Pakistan's nuclear needs

Indian Minister of State for External Affairs Shashi Tharoor has said that he has "no reason to doubt" the Pakistan government's statement that the country's nuclear weapons are secured. The highly important member of the government, who was responding to
Published 09 Dec, 2009 12:00am
It could be government's own austerity drive

It could be government's own austerity drive

n austerity plan, prepared by the Ministry of Finance for Cabinet approval, was not taken up, on Tuesday, due to the absence of the four chief ministers. The necessity for austerity in Pakistan today cannot be understated.
Published 09 Dec, 2009 12:00am
Government Law College entry tests from December 11

Government Law College entry tests from December 11

The Principal, Government Sindh Law College Hyderabad has informed that the students of LL.B Part-I, who submitted their admission forms from reference no. 01 to 250, for the session 2009-2010, shall appear in the entry test to be held on December 11, 200
Published 09 Dec, 2009 12:00am
TDAP organises handicrafts exhibition

TDAP organises handicrafts exhibition

The Trade Development Authority of Pakistan (TDAP) in collaboration with Sindh Culture Department organised two-day exhibition at Sindh Museum Hyderabad. Artisans of Hyderabad, Matiari, Hala, Bhitshah and other parts of the province displayed their handic
Published 09 Dec, 2009 12:00am
Sindh University establishes online public access catalogue

Sindh University establishes online public access catalogue

The University of Sindh (SU) established online public access catalogue, providing facility of access of books of central library to the seminar libraries of the entire centres, institutes and departments, with availability of facility of desktop computer
Published 09 Dec, 2009 12:00am
OPIC team calls on Naveed Qamar

OPIC team calls on Naveed Qamar

A delegation of the Overseas Private Investment Corporation (OPIC), a US government agency, headed by Acting President, OPIC, Robert B Brumheller, called on Federal Minister of Petroleum and Natural Resources, Syed Naveed Qamar here on Tuesday, wherein in
Published 09 Dec, 2009 12:00am
Security concerns: PPP postpones Mochi Gate public meeting

Security concerns: PPP postpones Mochi Gate public meeting

Pakistan People's Party (PPP) has postponed its scheduled public meeting at Mochi Gate to be addressed by President Asif Ali Zardari due to security concerns after Moon Market bomb blasts. Addressing a joint press conference here at PPP Punjab Office, Sen
Published 09 Dec, 2009 12:00am
Naek, Jamali condemn Multan blasts

Naek, Jamali condemn Multan blasts

Chairman Senate, Farooq H Naek and Deputy Chairman Jan Muhammad Khan Jamali on Tuesday strongly condemned the bomb blasts in Multan Cantt and termed it a heinous and cowardly act. They said that war on terror has entered a decisive phase and terrorists ar
Published 09 Dec, 2009 12:00am
NIT GBF receives overwhelming response

NIT GBF receives overwhelming response

National Investment Trust Limited, NIT's Government Bond Fund (NIT GBF) has received an overwhelming response from individuals, major corporations and financial institutions with a combined Pre-IPO and IPO subscription of over Rs 2.5 billion.
Published 09 Dec, 2009 12:00am
The Weather

The Weather

The weather report on Tuesday (December 08, 2009) and the forecast for Wednesday (December 09, 2009).

Published 09 Dec, 2009 12:00am
NIT GBF receives overwhelming response

NIT GBF receives overwhelming response

National Investment Trust Limited, NIT's Government Bond Fund (NIT GBF) has received an overwhelming response from individuals, major corporations and financial institutions with a combined Pre-IPO and IPO subscription of over Rs 2.5 billion.
Published 09 Dec, 2009 12:00am
'Hawkers Zone' project not serving desired purpose

'Hawkers Zone' project not serving desired purpose

The 'Hawkers Zone' project of City District Government Karachi (CDGK), which was envisaged to help the downtrodden people, is not fulfilling its purposes; rather it has become a source of encroachment in different areas of the city. The small cabins, the
Published 09 Dec, 2009 12:00am
Seminar on breast cancer held

Seminar on breast cancer held

Al Razi Healthcare Pvt Ltd (A Project of Dhabi Group) in collaboration with Pink Ribbon has conducted a seminar here on Tuesday, at Warid Telecom for creating awareness about Breast Cancer in Pakistan. Pakistan has the highest rate of breast cancer for an
Published 09 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Dec, 2009 12:00am
Lahore, Multan attacks: LCCI to mourn deaths of innocent people today

Lahore, Multan attacks: LCCI to mourn deaths of innocent people today

The Lahore Chamber of Commerce and Industry (LCC&I) has announced that all the city markets and business centres will remain closed on Wednesday (today) to mourn the deaths of innocent people martyred in terrorist attacks in Moon Market Lahore and Multan.
Published 09 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Dec, 2009 12:00am
Business delegation leaves for Tashkent

Business delegation leaves for Tashkent

An eleven-member business delegation, headed by LCCI Executive Committee Member Mian Tariq Rehman, on Tuesday left for Tashkent on a four-day visit to Uzbekistan. The delegation has in its fold businessmen belonging to pharmaceuticals, textiles, chemicals
Published 09 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
PTA, FIA raid illegal gateway exchange

PTA, FIA raid illegal gateway exchange

Pakistan Telecommunication Authority (PTA) and Federal Investigation Agency (FIA) have jointly raided illegal gateway exchange operating in Commercial Area and Defence at Phase-IV in Lahore resultantly arresting two persons, says a press release issued by
Published 09 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
Rs two billion spent on community uplift projects in Fata

Rs two billion spent on community uplift projects in Fata

NWFP Governor Owais Ahmed Ghani on Tuesday received a presentation on Rs 3.5 billion Fata Rural Development Project here at Governor House and was informed that above Rs 2 billion, more than half of the total amount had so far been incurred on 1,100 commu
Published 09 Dec, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
Sarhadi nominated FPCCI body chief

Sarhadi nominated FPCCI body chief

President FPCCI, Sultan Ahmed Chawla has nominated Zia-ul-Haq Sarhadi as Chairman of FPCCI Standing Committee on Anti-Smuggling. Expressing his views on the nomination, Chawla said that this position has been assigned to Zia-ul-Haq Sarhadi on his outstand
Published 09 Dec, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (December 08, 2009) and for Wednesday (December 09, 2009).
Published 09 Dec, 2009 12:00am
Sajjad joins KESC, as director Government Relations

Sajjad joins KESC, as director Government Relations

Sajjad Asghar Khan Shahani has Joined Karachi Electric Supply Company (KESC), (Abraaj) as Director (Govt. Relations). Earlier he was working with Pakistan State Oil (PSO), as General Manager (GM) government and Public Relations. He is a professional and t
Published 09 Dec, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
Foreign Minister flays Multan blast

Foreign Minister flays Multan blast

Foreign Minister Makhdoom Shah Mahmood Qureshi on Tuesday strongly condemned the bomb blast in Multan that resulted in the loss of precious lives. The Foreign Minister emphasised that terrorism would never be allowed to succeed in its nefarious designs.
Published 09 Dec, 2009 12:00am
Misuse of official cars costs taxpayers millions of rupees

Misuse of official cars costs taxpayers millions of rupees

Misuse of official vehicles in various government departments, ministries and semi-autonomous bodies cost, on an average, millions of rupees annually to the taxpayers. A survey conducted by Business Recorder revealed that thousands of official vehi
Published 09 Dec, 2009 12:00am
Dr Sagheer directs timely completion of development projects

Dr Sagheer directs timely completion of development projects

Sindh Minister for Health, Dr Sagheer Ahmed has issued directive for timely completion of ongoing development projects to provide better treatment facilities to people. He was chairing a review meeting at his office here on Tuesday. Secretary Health Syed
Published 09 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
Rs 35 million to be spent on parks in Lyari

Rs 35 million to be spent on parks in Lyari

Sindh Government has approved the renovation of all the parks to beautify Lyari area and provide a better environment and will spend Rs 35 million on this count. A decision in this regard was taken in a meeting of Provincial Development Working Party held
Published 09 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
AIOU reschedules exams in Balochistan from December 14

AIOU reschedules exams in Balochistan from December 14

Allama Iqbal Open University (AIOU) has rescheduled the final exams for the papers course code No 606, 620, 652 and 2604 for Semester Spring, 2009 will now be held on December 14 in the Centres previously assigned in Balochistan. AIOU Controller of Exams
Published 09 Dec, 2009 12:00am
US-sponsored curriculum development workshop held

US-sponsored curriculum development workshop held

Well trained and qualified teachers will make a lasting impact on the quality of education all across Pakistan, participants at a US-sponsored curriculum development workshop held this week agreed. The meeting chaired by Minister of State for Education Gh
Published 09 Dec, 2009 12:00am
Fatwas no solution to suicide attacks: Jama'at-e-Islami

Fatwas no solution to suicide attacks: Jama'at-e-Islami

Jama'at-e-Islami Pakistan has declared that suicide attacks at places of worship, as well as elsewhere, are Haram (forbidden), but added that Fatwas (decree) are not the solution. Talking to Business Recorder on Tuesday, JI Naib Amir Profess
Published 09 Dec, 2009 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

After breaching the psychological level of 84 on Monday, the rupee continued its weakness versus dollar in the interbank market on Tuesday, shedding three paisa for buying at 84.15 and two paisa for selling at 84.20, dealers said.
Published 09 Dec, 2009 12:00am
Power generation exhibition, conference on December 10

Power generation exhibition, conference on December 10

The third international power generation exhibition and conference Powergen Pak 2009 will be held on December 10, with a theme "Power efficiency; up-gradation and self-reliance" at a local hotel at Lahore. According to the organiser here on Tuesday, Feder
Published 09 Dec, 2009 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

After breaching the psychological level of 84 on Monday, the rupee continued its weakness versus dollar in the interbank market on Tuesday, shedding three paisa for buying at 84.15 and two paisa for selling at 84.20, dealers said.
Published 09 Dec, 2009 12:00am
Series of blasts in country widely condemned

Series of blasts in country widely condemned

Provincial Minister for Environment and Alternate Energy, Shaikh Mohammed Afzal, Chairman Senate Standing Committee on Textile, Senator Gul Mohammed Lot and Chief Minister's Advisor for Inquiries and Inspection Waqas Malik have condemned series of blasts
Published 09 Dec, 2009 12:00am
Five-day international book fair to begin from December 10

Five-day international book fair to begin from December 10

The 5th Karachi International Book Fair (KIBF) is being organised by Pakistan Publishers and Booksellers Association (PPBA) at Expo center from 10 to 14 December. Chairman PPBA for Sindh and Balochistan, Aziz Khalid, stated this at a press briefing held a
Published 09 Dec, 2009 12:00am
Sindh University notification

Sindh University notification

The Director Institute of Law University of Sindh has notified, for information to all those candidates who had appeared for pre-entry test for admissions to 5-year LL.B Part-I but could not be selected for admission in 1st and 2nd merit list, that they a
Published 09 Dec, 2009 12:00am
One killed in firing

One killed in firing

A youth was killed while his friend sustained serious bullet wounds in the jurisdiction of the Awami Colony, said police on Tuesday. According to police, an unidentified armed person riding a 125-CC motorcycle intercepted Naeem Qureshi son of Imamuddin an
Published 09 Dec, 2009 12:00am
MQM will eliminate terrorism if elected to power: Altaf

MQM will eliminate terrorism if elected to power: Altaf

Muttahida Qaumi Movement (MQM) Quaid Altaf Hussain on Tuesday reiterated that his party would eliminate the menace of terrorism from the country if elected to power. In a telephonic address to a rally taken out to condemn the growing incidents of terroris
Published 09 Dec, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (December 08, 2009).

Published 09 Dec, 2009 12:00am
Ogra termed as 'white elephant'

Ogra termed as 'white elephant'

The leader of the business community and Advisor to Chief Minister Sindh on Investment, Zubair Motiwala has termed Oil and Gas Regulatory Authority (Ogra) as 'white elephant' and added that the organisation has failed to safeguard the interest of general
Published 09 Dec, 2009 12:00am
Samba Bank to issue 556.521 million rights shares

Samba Bank to issue 556.521 million rights shares

The board of directors of Samba Bank has decided to issue 556.521 million rights shares of Rs 10 at Rs 5.75 per share with a discount of Rs 4.25 per share subject to approval of Securities and Exchange Commission of Pakistan (SECP) and shareholders of the
Published 09 Dec, 2009 12:00am
Seventh Human Resource Management Forum on December 15

Seventh Human Resource Management Forum on December 15

Nutshell Forum and Asian HRM Network will organise 7th Annual Human Resource Management Forum at a local hotel in Karachi on December 15, 2009. Theme of this year's management forum is "Tuning into Tomorrow". Expressing his views about the upcoming Human
Published 09 Dec, 2009 12:00am
Illegal construction of plazas: 24 officers of LDA suspended

Illegal construction of plazas: 24 officers of LDA suspended

The Lahore Development Authority (LDA) has suspended 24 officers from their offices for their involvement in the illegal construction of plazas and the inquiry against them has been initiated. According to a LDA's spokesman here on Tuesday, a three-member
Published 09 Dec, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Dec, 2009 12:00am
Traders to observe shutter down strike today

Traders to observe shutter down strike today

The Anjuman-e-Tajiran has announced a full-fledge shutter down strike on Wednesday (today) to express solidarity with traders of Moon Market who suffered huge losses. Lahorites mourned the loss of precious human lives out of deadliest bomb blasts at the M
Published 09 Dec, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Dec, 2009 12:00am
Moonis criticises Punjab government stance on NFC

Moonis criticises Punjab government stance on NFC

Pakistan Muslim League-Q (PML-Q) leader Moonis Elahi has said that the Punjab government has deviated from its stance of distributing 100 percent resources on the basis of population under the National Finance Commission Award. Now the Punjab has to bear
Published 09 Dec, 2009 12:00am
Moon market blasts: 13 bodies handed over to heirs

Moon market blasts: 13 bodies handed over to heirs

The bodies of 13 persons, victims of Monday night's twin bomb blasts here, were handed over to their heirs after identification at Mayo hospital on Tuesday. DMS Emergency, Mayo Hospital told newsmen that a total 46 bodies were shifted to this hospital, in
Published 09 Dec, 2009 12:00am
Moon Market bomb blasts: people scared to go out for shopping

Moon Market bomb blasts: people scared to go out for shopping

The back to back suicide attacks on the busy Moon Market of Allama Iqbal Town here on Monday night have scared the people and deserted the sprawling city's hundreds of markets, traders told Business Recorder here on Tuesday. "It would take a long t
Published 09 Dec, 2009 12:00am
FBR panel analysing tax dispute of 'lease key money'

FBR panel analysing tax dispute of 'lease key money'

The Tax Facilitation Committee of the Federal Board of Revenue is analysing tax dispute of 'lease key money' during finalisation of income tax assessment of leasing companies and investment banks. 'Lease key money' is the initial deposit that someone give
Published 09 Dec, 2009 12:00am
TFC to suggest changes for removing distortions in tax laws

TFC to suggest changes for removing distortions in tax laws

The Federal Board of Revenue has empowered the newly constituted Tax Facilitation Committee (TFC) to propose comprehensive changes for removing distortions in the tax laws, simplifying tax collection procedures and improving revenue gathering through broa
Published 09 Dec, 2009 12:00am
DG PCA unearths cases of massive evasion of duties and taxes

DG PCA unearths cases of massive evasion of duties and taxes

The Directorate-General of Post-Clearance Audit, Karachi, has unearthed massive evasion of duties and taxes in several sectors, including importers of auto parts, lubricating oil, pesticides, iron and steel products and non-payment of anti-dumping duty on
Published 09 Dec, 2009 12:00am
Benazir murder probe: no restrictions on UN team's access'

Benazir murder probe: no restrictions on UN team's access'

A UN spokesman Tuesday rejected reports that the independent commission probing the assassination of former Prime Minister Mohtarma Benazir Bhutto had been denied access to certain personalities, saying the investigators were satisfied with the co-operati
Published 09 Dec, 2009 12:00am
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