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Print - 2009-12-17
US MIDDAY: gold, silver gain

US MIDDAY: gold, silver gain

New York gold futures rallied on Wednesday as the dollar lost ground to the euro and inflation fears lingered among investors who were waiting for word from the Federal Reserve later in the session about any interest-rate policy adjustments, traders said.
Published 17 Dec, 2009 12:00am
Flower festival at UAF

Flower festival at UAF

Pakistanis are moderate and peace loving people with enormous vigour to express their soft image to the world with colours and fragrance. This was stated by Vice Chancellor University of Agriculture Faisalabad, UAF, Professor Dr Iqrar Ahmad Khan while ina
Published 17 Dec, 2009 12:00am
Security in towns, villages during Muharram to be ensured: DC

Security in towns, villages during Muharram to be ensured: DC

Divisional Commissioner, Tahir Hussain said that the security arrangements during Muharram would be ensured in towns and villages of the divisions. He urged upon the members of local peace committees to work with full zeal for the promotion of brotherhood
Published 17 Dec, 2009 12:00am
FCCI, MCCI sign MoU for better working relationship

FCCI, MCCI sign MoU for better working relationship

The MoU for better working relationship between the Faisalabad Chamber of Commerce and Industry (FCCI) and Mardan Chamber of Commerce and Industry (MCCI) was signed on Wednesday. The MoU was signed by the President Faisalabad Chamber of Commerce and Indus
Published 17 Dec, 2009 12:00am
Ban on yarn export demanded

Ban on yarn export demanded

The business community engaged in hosiery industry has urged the government to impose ban on export of yarn for protecting the industry from total collapses due to non-availability of yarn. If the situation remained the same then there would be a tornado
Published 17 Dec, 2009 12:00am
UoP holds disaster management demonstration

UoP holds disaster management demonstration

The Center for Disaster Preparedness and Management (CDPM), University of Peshawar organised a Disaster Management Demonstration in collaboration with the City District Government Peshawar on Wednesday on Campus. In the demonstration Fire Extinguishing Ex
Published 17 Dec, 2009 12:00am
PAF's fighter plane crashes

PAF's fighter plane crashes

Fighter Aircraft of Pakistan Air Force - Mirage - crashed near Kalar Kahar on Wednesday while the pilot of the aircraft ejected safely. According to PAF, the aircraft was on a routine training mission and crashed following developing some technical fault
Published 17 Dec, 2009 12:00am
SCCI to hold session on 'Energy Efficiency'

SCCI to hold session on 'Energy Efficiency'

The Sialkot Chamber of Commerce & Industry, in collaboration with NPO Pakistan, is conducting awareness session on 'Energy Efficiency' and 'Productivity & Quality Diagnosis' at Sialkot Chamber of Commerce and Industry (SCCI) on December 19. The awareness
Published 17 Dec, 2009 12:00am
Establishment of museum under consideration

Establishment of museum under consideration

The planning is under process for the establishment of museum here under the arrangement of Punjab Archaeology department to preserve the historic and memorable buildings and antique items. This was disclosed during a meeting held here under the chairmans
Published 17 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 17 Dec, 2009 12:00am
CNG stations closed for two days in NWFP

CNG stations closed for two days in NWFP

CNG filling stations have been shut down for two days across the Frontier province including provincial capital on Wednesday as gas supply has been stopped to 426 CNG stations by Sui Northern Gas Pipelines Ltd (SNGPL). The CNG stations as per decision of
Published 17 Dec, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Powerlooms, yarn consuming ancillaries remain closed

Powerlooms, yarn consuming ancillaries remain closed

Most of the powerlooms units, hosiery and yarn consuming ancillaries remained closed at the call of movement for saving Industry, here on Wednesday, to mark a protest against the scarcity and exorbitant price hike of yarn on the domestic market, resulting
Published 17 Dec, 2009 12:00am
The Weather

The Weather

The weather report on Wednesday (December 16, 2009) and the forecast for Thursday (December 17, 2009).

Published 17 Dec, 2009 12:00am
PPP terms new NFC award great success of democratic government

PPP terms new NFC award great success of democratic government

PPP leaders have termed unanimous approval of the 7th National Finance Commission (NFC) award a great success of democratic government. "Consensus on NFC award is a fruit of democratic process and reflects the maturity of political leadership in resolving
Published 17 Dec, 2009 12:00am
Gas tariff hike

Gas tariff hike

Please refer the letter published in this daily on 27-11-2009 that gas tariff has been increased sharply by OGRA which is not justified to all. It is correct that textile industry is already on the brink of collapse due to high prices of Sui gas and elect
Published 17 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 17 Dec, 2009 12:00am
War on terror and Pakistan

War on terror and Pakistan

Terrorism is a major problem of Pakistan since the 1980s, which began primarily with the Soviet-Afghan War. The war brought numerous fighters from all over the world to South Asia in the name of jihad. The US also trained many extremists in this war again
Published 17 Dec, 2009 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 17 Dec, 2009 12:00am
Afghan storm to hang over Merkel in 2010

Afghan storm to hang over Merkel in 2010

Angela Merkel's political fortunes are increasingly hostage to events in distant Afghanistan just weeks after her triumphant re-election as German chancellor at the head of her coalition of choice. Seven weeks into a second term, Merkel has lost one of he
Published 17 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Copenhagen: Is there a political price of failure?

Copenhagen: Is there a political price of failure?

The official line is that the Copenhagen climate summit will not - cannot - be a failure. Yet behind the scenes, diplomats and analysts are already quietly totting up the political cost if the outcome on Friday turns out to be a fiasco overseen by two-thi
Published 17 Dec, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Viewpoint: A conspiracy theory that refused to fly

Viewpoint: A conspiracy theory that refused to fly

Persistent political uncertainties in this country have spawned a thriving conspiracy theory industry. Nothing is a simple and straightforward result of what we do. Either the Americans, the Indians or the Israelis are out to destabilise our country. The
Published 17 Dec, 2009 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Lifeline for Dubai

Lifeline for Dubai

Abu Dhabi came to Dubai's rescue at the last minute on Monday, the 14th December when it offered a cash infusion of 10 billion dollars to tackle Dubai's mounting financial problems and prevent a default. The bailout package was clearly aimed at conveying
Published 17 Dec, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Matching response on Quetta Shura

Matching response on Quetta Shura

If Centcom chief General David Petraeus's media remark at Manama, the other day, is any pointer, one inescapable inference would be that the perceptional mismatch obtaining between the United States and Pakistan on the so-called Quetta Shura continues to
Published 17 Dec, 2009 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Corruption and PPRA

Corruption and PPRA

a conference titled 'Accountants for Business' speakers noted a well-known and highly disturbing fact: rampant corruption in the tax department has led to a decline in the tax to Gross Domestic Product ratio - a ratio long-considered to be a reflection of
Published 17 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Transfer and postings

Transfer and postings

Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif here on Wednesday issued transfer order of Registrar LHC Tahir Pervez as OSD and appointed District & Sessions Judge establishment Abdul Sattar Asghar as acting Registrar till further orders.
Published 17 Dec, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
National Assembly body calls for removal of CEO SMEs Bank

National Assembly body calls for removal of CEO SMEs Bank

Mismanage-ment in the Small and Medium Enterprises (SMEs) Bank Ltd ranged from incompetence to ineffectiveness, non-professionalism, unqualified and devoid of vision plan or objective and called for the removal of the sitting president/CEO. These were som
Published 17 Dec, 2009 12:00am
Reconstructive surgery hospital under Italian aid to be built in Multan

Reconstructive surgery hospital under Italian aid to be built in Multan

Italian government will provide funds and expertise for the construction of a 92-bed most modern medical complex for reconstructive surgery of burn patients and their rehabilitation in Pakistan. This was stated by a leading international plastic surgeon a
Published 17 Dec, 2009 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

The rupee continued weak against dollar on the interbank market on Wednesday, sliding 16 paisa for buying at 84.50 and it also fell by 17 paisa for selling at 85.55, dealers said. Persistent fall in the rupee's value is giving an impression that the natio
Published 17 Dec, 2009 12:00am
DPO Attock directed to produce Sikh lawyer

DPO Attock directed to produce Sikh lawyer

Lahore High Court has directed District Police Officer (DPO) Attock to produce a Sikh lawyer Anop Singh here on Thursday (today), involved in a case of house trespassing and torturing the inmates. The court issued these orders in connection with a petitio
Published 17 Dec, 2009 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

The rupee continued weak against dollar on the interbank market on Wednesday, sliding 16 paisa for buying at 84.50 and it also fell by 17 paisa for selling at 85.55, dealers said. Persistent fall in the rupee's value is giving an impression that the natio
Published 17 Dec, 2009 12:00am
Two-year old girl's death: Chief Justice LHC takes suo motu notice

Two-year old girl's death: Chief Justice LHC takes suo motu notice

Chief Justice (CJ) Lahore High Court (LHC) has taken suo motu notice over the death of two-year old girl Laiba who was thrown in boiling "Haleem Daig" an application submitted by her mother Mst. Shumaila who appeared before the CJ in person. The applicant
Published 17 Dec, 2009 12:00am
Emirates launches first A380 flight to Seoul

Emirates launches first A380 flight to Seoul

The Emirates has launched its first A380 flight at Incheon International Airport, Seoul, South Korea. The first commercial A380 jet to land on Korean soil brought with it passengers from 27 countries including the UAE, Pakistan, Bahrain, Qatar, Iran, Jord
Published 17 Dec, 2009 12:00am
Pesco to spend Rs 2.5 billion on equipment purchase, system improvement

Pesco to spend Rs 2.5 billion on equipment purchase, system improvement

The board of directors of Peshawar Electricity Supply Company (Pesco) has approved Rs 1,053 million for system improvement under the ADB Tranche-1 programme for the purchase of different types of electrical equipment. The board also allowed Rs 1,361 milli
Published 17 Dec, 2009 12:00am
Raja Riaz to meet Pervaiz Ashraf today

Raja Riaz to meet Pervaiz Ashraf today

Senior minister, Punjab, Raja Riaz Ahmed will hold a meeting with Federal Minister for Water and Power Raja Pervaiz Ashraf on Thursday (today) in federal capital to discuss water distribution issue and affairs related to Irsa. Moreover, a delegation of po
Published 17 Dec, 2009 12:00am
Gems and jewellery sector: PGJDC, APGMJA for better coordinated efforts

Gems and jewellery sector: PGJDC, APGMJA for better coordinated efforts

All Pakistan Gems Merchants and Jewellers Association (APGMJA) and Pakistan Gems and Jewellery Development Company (PGJDC) have stressed the need to develop better understanding and mutual co-operation among the different stakeholders of gems and jeweller
Published 17 Dec, 2009 12:00am
Tax collection at Karachi RTO up by five percent

Tax collection at Karachi RTO up by five percent

The Regional Tax Office (RTO), Karachi, witnessed 5 percent growth during the ongoing fiscal period as compared to previous corresponding period. According to provincial statistics made available to Business Recorder on Wednesday, that RTO, Karachi
Published 17 Dec, 2009 12:00am
New 110 megawatts IPP not to benefit loadshedding-hit Karachi

New 110 megawatts IPP not to benefit loadshedding-hit Karachi

An independent 110 megawatts First Tri-Star Modaraba Power Plant, which is being installed at Hawksbay, will not benefit loadshedding-hit Karachi. The electricity from the private power plant, to which National Electric Power Regulatory Authority (Nepra)
Published 17 Dec, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (December 16, 2009).

Published 17 Dec, 2009 12:00am
Qaim approves 500-acre each for Garments City and Powerlooms Estate

Qaim approves 500-acre each for Garments City and Powerlooms Estate

Sindh Chief Minister Qaim Ali Shah has approved a 500-acre 'Garments City' and a 500-acre 'Powerlooms Estate' in Site Area, Hyderabad, on the proposal of Provincial Assembly members from Hyderabad. This would be the largest garments city in Pakistan which
Published 17 Dec, 2009 12:00am
Bid to smuggle 20,000 cellphones from Sharjah foiled

Bid to smuggle 20,000 cellphones from Sharjah foiled

Directorate General, Intelligence and Investigation (DGI&I) of Federal Board of Revenue (FBR), Karachi has foiled a bid of illegally importing a huge quantity of cell phones from Sharjah. Sources told Business Recorder on Wednesday that information
Published 17 Dec, 2009 12:00am
NFC award termed historic achievement

NFC award termed historic achievement

Punjab Finance Minister Tanvir Ashraf Kaira said here on Wednesday that the consensus on the seventh National Finance Commission (NFC) award is a historic achievement of present Federal and provincial governments, and all credit goes to the wise, accommod
Published 17 Dec, 2009 12:00am
30 French companies to reinvest in different trades: French envoy

30 French companies to reinvest in different trades: French envoy

Ambassador of France in Pakistan Daniel Jounneau has said that 30 French companies, already working in the country, would reinvest in different trades like Smart Car Manufacturing Company and S D V another two companies would also start their business in
Published 17 Dec, 2009 12:00am
Re-election of Iftikhar as Saarc CCI vice chancellor felicitated

Re-election of Iftikhar as Saarc CCI vice chancellor felicitated

The Lahore Chamber of Commerce and Industry (LCCI) while congratulating Iftikhar Ali Malik for his re-election as Vice President (VC) Saarc Chamber of Commerce and Industry (Saarc CCI) hoped that he would continue to use his best abilities for the promoti
Published 17 Dec, 2009 12:00am
Operation Rah-e-Nijat: two commanders among eight terrorists killed

Operation Rah-e-Nijat: two commanders among eight terrorists killed

Pakistan Army on Wednesday killed eight terrorists, including commander Qari Ismail in Kurram Agency and commander Gulbadeen Mehsud in South Waziristan Agency (SWA), during on-the going military operation "Rah-e-Nijat." According to the defence sources, Q
Published 17 Dec, 2009 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Dec, 2009 12:00am
SBP accepts Rs 27,600.5 million bids for MTBs

SBP accepts Rs 27,600.5 million bids for MTBs

The State Bank of Pakistan on Wednesday accepted bids worth Rs 27,600.5 million, with realised value of Rs 25,727.803 million, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). Bids were opened on December 16,
Published 17 Dec, 2009 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Dec, 2009 12:00am
SBP accepts Rs 27,600.5 million bids for MTBs

SBP accepts Rs 27,600.5 million bids for MTBs

The State Bank of Pakistan on Wednesday accepted bids worth Rs 27,600.5 million, with realised value of Rs 25,727.803 million, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). Bids were opened on December 16,
Published 17 Dec, 2009 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Dec, 2009 12:00am
NWFP government asked for taxes waiver

NWFP government asked for taxes waiver

The NWFP government is asked to waive provincial taxes as a relief to business community of the province in the prevailing circumstances when commercial activity has reached to a halt due to current wave of insurgency and terrorism.
Published 17 Dec, 2009 12:00am
Draft 'Chemical Vision-2030' presented to EDB

Draft 'Chemical Vision-2030' presented to EDB

Draft Chemical Vision-2030 prepared by a consulting firm was presented to Engineering Development Board (EDB) here on Wednesday. In a meeting chaired by Asad Elahi, CEO EDB, the consultants briefed the participants about the historical development of chem
Published 17 Dec, 2009 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Dec, 2009 12:00am
Lok Virsa keeps traditional truck painting art alive

Lok Virsa keeps traditional truck painting art alive

Lok Virsa, the National Institute of Folk and Traditional Heritage has created a three-dimensional cultural diorama depicting the unique art of truck painting in Pakistan at its Heritage Museum. A beautiful replica of the traditional truck driver's hotel
Published 17 Dec, 2009 12:00am
HEC doubles scholarships for Balochistan graduates

HEC doubles scholarships for Balochistan graduates

Executive Director Higher Education Commission (HEC) Dr Sohail Naqvi has said that HEC has been giving top priority to provide maximum facilities to higher education sector in Balochistan and scholarships grants for the graduates of the province have been
Published 17 Dec, 2009 12:00am
Punjab chief minister's steps to upgrade standard of education hailed

Punjab chief minister's steps to upgrade standard of education hailed

Provincial Minister for Prisons and Industries, Chaudhry Abdul Ghafoor has said that Chief Minister Punjab Muhammad Shahbaz Sharif has raised education budget to a record extent and also taken revolutionary steps in this field. He said this while addressi
Published 17 Dec, 2009 12:00am
Women education projects inaugurated in Gulberg

Women education projects inaugurated in Gulberg

City Nazim Syed Mustafa Kamal on Wednesday inaugurated Rs 203.6 million worth projects in women education sector. These include construction of BTech Block and Display Center at Government Polytechnic Institute for Women at Karimabad and construction of n
Published 17 Dec, 2009 12:00am
PTCL announces three packages

PTCL announces three packages

The Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced three packages for its subscribers in Lahore. The PTCL (North) Senior Executive Vice President Tariq Suleman announced "Mouj Masti", "Tip Top" and "Lash Pash" packages with attra
Published 17 Dec, 2009 12:00am
Bhotani hospitalised

Bhotani hospitalised

Speaker Balochistan Assembly Muhammad Aslam Bhotani was hospitalised after suffering heart attack here on Wednesday. He was admitted at the Intensive Care Unit of the Sandeman Hospital. His condition was stated to be stable.
Published 17 Dec, 2009 12:00am
FIA detects Rs 11 billion gas theft scam by CNG stations

FIA detects Rs 11 billion gas theft scam by CNG stations

The Federal Investigation Agency (FIA) has detected a mega gas theft scam worth Rs 11 billion by CNG stations selling gas at discounted rates and still earning handsome profit. This was stated by the Director-General (DG), Gas, Ministry of Petroleum and N
Published 17 Dec, 2009 12:00am
Afghan military buildup not just a short-term fix: Mullen

Afghan military buildup not just a short-term fix: Mullen

Admiral Mike Mullen, Chairman of the US Joint Chiefs of Staff on Wednesday reassured Pakistan's military and civilian leadership that the Afghanistan military buildup is part of a long-term commitment to the region, not just a short term fix.
Published 17 Dec, 2009 12:00am
Strike observed in Multan to mourn deaths

Strike observed in Multan to mourn deaths

All Shopping centres, educational institutions and Bazaars remained closed and Lawyers boycotted their professional duties to mourn the deaths on Wednesday in Dera Ghazi Khan city some 100 kilometre west of Multan.
Published 17 Dec, 2009 12:00am
'Seed stocking campaign imperative to maintain fish production'

'Seed stocking campaign imperative to maintain fish production'

Secretary Forestry Wildlife & Fisheries Punjab, Babar Hassan Bharwana has said that Fisheries Department is playing an important role in promoting fisheries related activities in the Punjab and a number of development schemes and projects in this connecti
Published 17 Dec, 2009 12:00am
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