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Print - 2010-01-23
SME Bank declares profit rates

SME Bank declares profit rates

The management of SME Bank Ltd has declared the following rates of profit on various deposit schemes for the period July 1st 2009 to December 31st 2009. According to a press release of the SME bank issued on Friday.

Published 23 Jan, 2010 12:00am
SME Bank declares profit rates

SME Bank declares profit rates

The management of SME Bank Ltd has declared the following rates of profit on various deposit schemes for the period July 1st 2009 to December 31st 2009. According to a press release of the SME bank issued on Friday.

Published 23 Jan, 2010 12:00am
FIA arrested 14,764 illegal immigrants, says Malik

FIA arrested 14,764 illegal immigrants, says Malik

Federal Mini-ster for Interior Rehman Malik has informed the Senate that the Federal Investigation Agency (FIA) has arrested 14764 foreign illegal immigrants during last three years and they are being tried under Foreigners Act and the Control of Narcotic
Published 23 Jan, 2010 12:00am
Minister inspects sites of four small dams in Chakwal

Minister inspects sites of four small dams in Chakwal

Senior Provincial Minister Raja Riaz Ahmed inspected sites of four small dams in Chakwal district and directed engineers of irrigation department to complete them within one year. He said that Durabi Dam, Uthwal Lakhwal Dam, Mundi Dam and Dhoke Jhang Dam
Published 23 Jan, 2010 12:00am
Parliamentarians condemn absence of Health officials

Parliamentarians condemn absence of Health officials

The parliamentarians have strongly condemned the absence of officials of Ministry of Health (MoH) during the call attention notice on the agenda of their ministry in the National Assembly with Chair directing the government to conduct the inquiry and subm
Published 23 Jan, 2010 12:00am
AIGR, Fincon sign MoU

AIGR, Fincon sign MoU

The Academia - Industry - Government Roundtable (AIGR); a newly established semi-autonomous organisation in the province signed a memorandum of understanding with Fincon Services Inc; a Canada based private business concern in the presence of NWFP Governo
Published 23 Jan, 2010 12:00am
Mansoor wins PSO squash championship

Mansoor wins PSO squash championship

Mansoor Zaman of PAF won the PSO International Squash Championship 2010 defeating Waqar Mehboob in best of five sets by 11-5, 11-4 and 11-4. Waqar won two sets by 11-8 and 11-10. Prime Minister Yousuf Raza Gilani gave away the prizes. The six-day champion
Published 23 Jan, 2010 12:00am
Performance of Punjab Assembly discussed

Performance of Punjab Assembly discussed

Former Governor Shahid Hamid speaking in a consultative session on performance of the Provincial Assembly of the Punjab held under the auspices of Pakistan Institute of Legislative Development and Transparency (Pildat) here on Friday averred that Chief Mi
Published 23 Jan, 2010 12:00am
Jamaat-i-Islami criticises Gates's anti-Pakistan statement

Jamaat-i-Islami criticises Gates's anti-Pakistan statement

Jamaat-i-Islami (JI) Punjab has criticised the US Defence Minister Robert Gates for his anti-Pakistan statement in order to please India. JI Punjab Ameer Dr Syed Waseem Akhtar while reacting to the Robert Gates's statement in India where he said that Indi
Published 23 Jan, 2010 12:00am
LHC Chief Justice for elimination of corruption from jails

LHC Chief Justice for elimination of corruption from jails

The Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif has emphasised for elimination of corruption from jails and make the prisoners an effective part of the society. He was addressing a concluding ceremony of a three-week training course for
Published 23 Jan, 2010 12:00am
No inflated bills issued to customers, claims Lesco

No inflated bills issued to customers, claims Lesco

Lahore Electric Supply company (Lesco) spokesman has said that no inflated/excessive electricity bills have been issued to the customers, by Lesco. The spokesmen said the fuel price of Rs 0.51/KWh for October 2009, as determined by National Electric Power
Published 23 Jan, 2010 12:00am
PPP workers in a fix over loadshedding

PPP workers in a fix over loadshedding

Pakistan Peoples Party (PPP) workers are in a fix like situation, as they can neither defend nor offend their government on the burgeoning issue of load shedding, exposing them to financial oppose adversities fast with every passing day.
Published 23 Jan, 2010 12:00am
Broadcasting of IPL matches: LCCI welcomes decision

Broadcasting of IPL matches: LCCI welcomes decision

The Lahore Chamber of Commerce and Industry welcomed the decision to boycott the broadcasting of all the matches of the third edition of Indian Premier League (IPL). In a press statement issued here on Friday, the LCCI President Zafar Iqbal Chaudhry, Seni
Published 23 Jan, 2010 12:00am
PMKM to protest on February 25 against Indian aggression

PMKM to protest on February 25 against Indian aggression

Pakistan Muttahida Kisan Mahaz (PMKM) has announced to stage a country wide protest on February 25 to highlight the Indian aggression of depriving Pakistan from its share of water by constructing various dams on rivers which may ruin the agricultural sect
Published 23 Jan, 2010 12:00am
BGA hails ECC's nod on rice export

BGA hails ECC's nod on rice export

Farmers have welcomed the decision of the Economic Co-ordination Committee (ECC) to allow Pakistan Agricultural Storage and Services Corporation (Passco) to export rice. It is an encouraging breakthrough for the rice farmers and they will be encouraged to
Published 23 Jan, 2010 12:00am
New York cotton futures end lower

New York cotton futures end lower

Cotton futures closed lower Friday on investor sales although the market stayed in a band and will be looking for leads to provide direction to fibre contracts next week, brokers said. The key March cotton contract dropped 0.78 cent to finish at 71.07 cen
Published 23 Jan, 2010 12:00am
London cocoa rises

London cocoa rises

May cocoa on Liffe ended 10 pounds higher at 2,341 pounds, boosted by the weakness of sterling. Market closing in on 32-year peak of 2,356 pounds set on Thursday. March white sugar ended $12.00 lower at $747.00 a tonne. Market awaits confirmation that phy
Published 23 Jan, 2010 12:00am
Copper moves higher

Copper moves higher

Copper rose on Friday as funds stepped in to buy after the metal fell to a one-month low on concerns over potential Chinese monetary tightening and proposed sweeping restrictions on US banks. Other metal prices remained depressed, with both zinc and nicke
Published 23 Jan, 2010 12:00am
Oil falls below $74

Oil falls below $74

Oil fell to fresh four-week lows on Friday as equity markets slumped and commodities remained under pressure from US President Barack Obama's proposed tightening of bank trading rules. US crude fell $1.54 to settle at $74.54 a barrel, the lowest settlemen
Published 23 Jan, 2010 12:00am
Gold springs back in European trade

Gold springs back in European trade

Gold rose on Friday on a weaker dollar, bouncing from a one-month low hit earlier on concerns tough new proposals by President Barack Obama to limit banks' risk-taking may curb investment flows into commodities. Spot gold hit a one-month low of $1,081.90
Published 23 Jan, 2010 12:00am
US MIDDAY: coffee, sugar and coffee fall

US MIDDAY: coffee, sugar and coffee fall

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Friday. March arabica coffee contract dropped 0.70 cent to $1.38 per lb at 11:06 am EST (1606 GMT). Session range from $1.3730 to $1.3935. Arabica coffee fell on chart-based weakness
Published 23 Jan, 2010 12:00am
US MIDDAY: soya, wheat and corn dip

US MIDDAY: soya, wheat and corn dip

Chicago Board of Trade grains and soy complex at 10:24 am CST (1624 GMT) on Friday. March wheat down 1 cent at $4.98-1/2 per bushel. Pressured by Obama's proposal to restrict bank's ability to invest or trade in commodities. Burdensome world wheat supplie
Published 23 Jan, 2010 12:00am
The Weather

The Weather

The weather report on Friday (January 22, 2010) and the forecast for Saturday (January 23, 2010).

Published 23 Jan, 2010 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures climbed from one-month lows early on Friday, recovering from a sharp sell-off this week tied to concerns about Chinese credit-tightening measures and new US proposals to limit financial risk-taking. Benchmark copper for March delivery ro
Published 23 Jan, 2010 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 23 Jan, 2010 12:00am
US MIDDAY: gold hits one-month low

US MIDDAY: gold hits one-month low

US gold futures hit a 1-month low on Friday after the dollar pared some of its gains against the euro, and as President Barack Obama's proposal to limit risk-taking by banks led to weakness across the board in the commodities markets. Gold for February de
Published 23 Jan, 2010 12:00am
KBCA warns people against investment in sealed project

KBCA warns people against investment in sealed project

Karachi Building Control Authority (KBCA) has taken strict notice of violation of court orders in respect of sealed "Moon Garden" project in Gulshan-e-Iqbal Town. KBCA has given details in public interest whereby the High Court had declared constructions
Published 23 Jan, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 23 Jan, 2010 12:00am
Qureshi says harmony exists to resolve issues with India

Qureshi says harmony exists to resolve issues with India

Foreign Minister Shah Mehmood Qureshi has said that there exists complete harmony among all stake holders in the country with regard to the settlement of bilateral disputes between India and Pakistan, but said the other side is divided. Talking to a priva
Published 23 Jan, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 23 Jan, 2010 12:00am
ADB-R&DTA launches technical assistance project for DMCs

ADB-R&DTA launches technical assistance project for DMCs

Research and Development Technical Assistance (R&DTA) of Asian Development Bank (ADB) has launched a research and development technical assistance (TA) project, which will seek to monitor financial, fuel, and food markets and study the implications of vol
Published 23 Jan, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
Three crushed to death by tractor trolley

Three crushed to death by tractor trolley

A tractor trolley crushed 6 persons in the Qutabpur area killing a mother and her two daughters on the spot, while another three sustained injuries. Police said that Abdul Waheed, his wife Rashida (40), her daughter Malaika (7) and Hifza (4) were going to
Published 23 Jan, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (January 22, 2010) and for Saturday (January 23, 2010).
Published 23 Jan, 2010 12:00am
Bill to grant degree awarding status to PIDC referred to Senate

Bill to grant degree awarding status to PIDC referred to Senate

The Upper House of the Parliament on Friday referred a bill to grant degree awarding status to the Pakistan Institute of Development Economic (PIDC), to the concerned committee for more consideration. The bill, the Pakistan Institute of Development Econom
Published 23 Jan, 2010 12:00am
Export of leather decreased by 37 percent

Export of leather decreased by 37 percent

Chairman Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) Choudary Zulfiqar Hayyat has said that the export of leather has decreased by 37 percent due to load shedding of electricity and gas and if the situation exists it will re
Published 23 Jan, 2010 12:00am
PTA team to visit Vietnam, Indonesia

PTA team to visit Vietnam, Indonesia

A trade delegation consisting of 14 tanners will visit Vietnam and Indonesia from January 31, 2010 to explore new avenues for leather and leather products in these markets. According to PTA here on Friday, chairman Pakistan Tanners Association (PTA) Gulza
Published 23 Jan, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
Unesco has no plan to close down office

Unesco has no plan to close down office

The United Nations Educational, Scientific and Cultural Organisation (Unesco) has no plan to close its office in Pakistan. Rebutting a news item published in a section of press, the Unesco statement categorically denied the news that 'Unesco Pakistan clus
Published 23 Jan, 2010 12:00am
In defence of US

In defence of US

There are reports that the US army is training a crack unit to seal off and snatch back Pakistan's nuclear weapons in the event that militants, possibly from inside the country's security apparatus, get their hands on a nuclear device or materials that co
Published 23 Jan, 2010 12:00am
Please don't repeat past mistakes

Please don't repeat past mistakes

If the history of Pakistan is written honestly, the historians could not ignore the fact the whenever the country plunged into severe crisis, it was the Pakistan Peoples Party that came to its rescue and steered it out of the crisis. This happened four ti
Published 23 Jan, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
China's future inflation is a present headache

China's future inflation is a present headache

Wang Zihua's last pay rise was two years ago and the 56-year-old post office worker in the northern Chinese city of Harbin is concerned his 1,200 yuan monthly salary is being eaten away by rising prices. Chinese inflation remains tame, but prices have bee
Published 23 Jan, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
Capitalism and prudence

Capitalism and prudence

It was in the seventies that I was witness to debates between the British politician and American economist Milton Freedman. The American economist was trying to convince the British politicians about the monetary system in economics rather than the work
Published 23 Jan, 2010 12:00am
A grave accusation indeed

A grave accusation indeed

Former Punjab chief minister Chaudhry Pervez Elahi kicked off a new controversy the other day, telling a private TV channel that he had foiled military ruler Pervez Musharraf's plan to eliminate the then-ousted Chief Justice Iftikhar Mohammad Chaudhry.
Published 23 Jan, 2010 12:00am
From IPI to IP

From IPI to IP

Although India had not openly said so, but it has been obvious for a while that it was not interested anymore in the Iran gas pipeline project. Hence Pakistan decided to go ahead with the project, signing Gas Sales and Purchase Agreement for the construct
Published 23 Jan, 2010 12:00am
THE RUPEE: heading to cross 86 in open market

THE RUPEE: heading to cross 86 in open market

Dearth of dollars made the rupee unable to resist further slide against the greenback on the open market as the local currency is going to touch the new low at 86 at any time, currency viewers said. On the open market the rupee shed five paisa against dol
Published 23 Jan, 2010 12:00am
Reko Diq can make anyone's mouth water

Reko Diq can make anyone's mouth water

In an exclusive interview with BR Research, a research wing of Business Recorder, the Federal Finance Minister, Shaukat Tarin, indirectly supported the distinct possibility of the annulment of the Reko Diq contract by the Balochistan government, a Canadia
Published 23 Jan, 2010 12:00am
THE RUPEE: heading to cross 86 in open market

THE RUPEE: heading to cross 86 in open market

Dearth of dollars made the rupee unable to resist further slide against the greenback on the open market as the local currency is going to touch the new low at 86 at any time, currency viewers said. On the open market the rupee shed five paisa against dol
Published 23 Jan, 2010 12:00am
Chief Justice LHC adjourns hearing of petition

Chief Justice LHC adjourns hearing of petition

The Lahore High Court (LHC) Chief Justice, Khawaja Muhammad Sharif here on Friday adjourned the hearing of a petition filed by four teachers against administration of Kinnaird College for Women for not allowing them to take classes as college counsel soug
Published 23 Jan, 2010 12:00am
CPSP organises first ATLS course

CPSP organises first ATLS course

College of Physicians and Surgeons Pakistan (CPSP) in collaboration with American College of surgeons has organised 1st Advance Trauma Live Support (ATLS) course at CPSP Lahore Center here on Friday. The spokesman of CPSP Lahore center Vaqas Aslam said th
Published 23 Jan, 2010 12:00am
Nust organises seminar on 'Advances in Cement Base Materials'

Nust organises seminar on 'Advances in Cement Base Materials'

Two days international seminar on Advances in Cement Base Materials, arranged by the National University of Science and Technology (Nust) School of Civil and Environmental Engineering in collaboration with Technical University Freiberg (TUF), Germany.
Published 23 Jan, 2010 12:00am
PC, NBP to identify avenues of value addition for SoEs

PC, NBP to identify avenues of value addition for SoEs

Privatisation Commission (PC) and National Bank of Pakistan (NBP) have agreed to get into a partnership to revitalise and rejuvenate the Privatisation Programme of the government. It was decided during a meeting between Federal Minister for Privatisation
Published 23 Jan, 2010 12:00am
National Assembly panel questions trade officers' appointment

National Assembly panel questions trade officers' appointment

National Assembly's Standing Committee on Commerce on Friday took serious notice of the controversial appointments of commercial counsellors abroad and directed the officials concerned to provide relevant record pertaining to original policy for selection
Published 23 Jan, 2010 12:00am
Government to introduce Police Order 2010: Punjab Assembly told

Government to introduce Police Order 2010: Punjab Assembly told

Provincial Law Minister Rana Sanaullah has said that government is going to introduce Police Order 2010 to improve the performance of the police and law and order situation in the province. He stated this while starting the discussion in the Punjab Assemb
Published 23 Jan, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 22, 2010).

Published 23 Jan, 2010 12:00am
Administrative secretaries urged to focus on public service

Administrative secretaries urged to focus on public service

Chief Secretary NWFP Javed Iqbal has urged all the administrative secretaries of the provincial government to focus on public service delivery, terming it the main ingredient of good governance in any public sector organisation. This he said while chairin
Published 23 Jan, 2010 12:00am
Bilour says peace is top priority of NWFP Government

Bilour says peace is top priority of NWFP Government

The NWFP Senior Minister and Parliamentary Leader of ANP, Bashir Ahmad Bilour said on Friday that establishment of peace was top priority of the coalition government in the frontier province. He said this while inaugurating newly constructed Wazirbagh roa
Published 23 Jan, 2010 12:00am
PTCL re-launches voice mail service

PTCL re-launches voice mail service

Pakistan Telecommunication Company Ltd (PTCL) has re-launched voice mail service with remote login feature to keep its valued customers informed about their incoming calls. The purpose is to create awareness among PTCL valued customers for using this FREE
Published 23 Jan, 2010 12:00am
FDB's BoD meeting to review ASF implementation held

FDB's BoD meeting to review ASF implementation held

Fisheries Development Board (FDB) Friday held its 8th Board of Directors (BoD) meeting in Gwadar, wherein important decisions on implementation of Aquaculture of Shrimp Farming (ASF), were taken. The meeting was held under the chairmanship of Secretary, M
Published 23 Jan, 2010 12:00am
Operation Rah-e-Nijat: three more killed, arms cache seized

Operation Rah-e-Nijat: three more killed, arms cache seized

Pakistan army killed three militants and apprehended two on Friday in Pash Ziarat and Machis near Miran Shah during the on-going military operation 'Rah-e-Nijat', in South Waziristan. ISPR spokesman said security forces cleared 10 compounds at Serwekai an
Published 23 Jan, 2010 12:00am
Vice chancellor Sindh University meets law students

Vice chancellor Sindh University meets law students

A number of law students on Friday from the institute of law university of Sindh met Vice Chancellor Professor Nazir A Mughal to discuss their problems confronted to them at the university. The Vice Chancellor immediately issued the directive to the offic
Published 23 Jan, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Jan, 2010 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 23 Jan, 2010 12:00am
Nepal ready for bilateral trade ties with Pakistan: envoy

Nepal ready for bilateral trade ties with Pakistan: envoy

Nepal has huge investment opportunities for Pakistani businessmen in a number of sectors including readymade garments, education, pharmaceuticals, tourism and tea development. This was stated by the Nepalese ambassador Bala Bahadur Kanwar while speaking a
Published 23 Jan, 2010 12:00am
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