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Print - 2010-03-03
Iranian-German company to invest in Jhal Magsi Dam

Iranian-German company to invest in Jhal Magsi Dam

A seven-member investors' delegation from Iran's Fraz Aab and Germany's Centy Company headed by Consultant Dr Hossein Pouya called on the Minister of State for Industries and Production Dr Ayat Ullah Durrani, here on Tuesday. Fraz Aab and Centy is a joint
Published 03 Mar, 2010 12:00am
Pakistan to have National Rangeland Policy soon: minister

Pakistan to have National Rangeland Policy soon: minister

Federal Minister for Food and Agriculture, Nazar Muhammad Gondal has said that Pakistan will soon have a National Rangeland Policy that would prove to be a milestone in the history of Rangelands Development in Pakistan. He said that rangelands are histori
Published 03 Mar, 2010 12:00am
Turkish company wants to invest in power sector

Turkish company wants to invest in power sector

A Turkish electric company 'Karkey Karadeniz' is keen to invest in Power sector especially in the metropolis. In a statement issued here on Tuesday revealed that a business delegation led by Saleem H. Mandviwalla, chairman, Board of Investment has started
Published 03 Mar, 2010 12:00am
Unilever's profit after tax rises to Rs 3,056 million

Unilever's profit after tax rises to Rs 3,056 million

The profit after tax of Unilever Pakistan has increased to Rs 3,056 million in the year ended December 31, 2009 as compared to Rs 1,984 million earned in the corresponding period in 2008. The company's earning per share surged to Rs 230 in the period unde
Published 03 Mar, 2010 12:00am
Unilever's profit after tax rises to Rs 3,056 million

Unilever's profit after tax rises to Rs 3,056 million

The profit after tax of Unilever Pakistan has increased to Rs 3,056 million in the year ended December 31, 2009 as compared to Rs 1,984 million earned in the corresponding period in 2008. The company's earning per share surged to Rs 230 in the period unde
Published 03 Mar, 2010 12:00am
KCR project faces another setback

KCR project faces another setback

The multi-billion rupees project of Karachi Circular Railway (KCR) has faced another setback following the demand of Malir Development Authority (MDA) from the Sindh Revenue Department (SRD) for alternate land for the resettlement of thousands of displace
Published 03 Mar, 2010 12:00am
MAP announces organisational changes

MAP announces organisational changes

The President and Members of the Executive Committee of the Management Association of Pakistan have announced the following organisational changes with immediate effect: The current Executive Director Farooq Hassan has opted for retirement after almost 10
Published 03 Mar, 2010 12:00am
UHS to organise International educational extravaganza

UHS to organise International educational extravaganza

The University of Health Sciences (UHS), in collaboration with University of Liverpool, UK, is organising a week-long educational extravaganza for the medical faculty and students of 34 medical and dental colleges of the province, which will get underway
Published 03 Mar, 2010 12:00am
Rs 3.04 million approved for 12 agriculture-scientists' foreign trips

Rs 3.04 million approved for 12 agriculture-scientists' foreign trips

The Executive Committee of Punjab Agricultural Research Board (PARB) has approved a travelling grant of Rs 3.04 million for funding foreign trips of twelve agricultural scientists to attend various scientific conferences/workshops abroad. The approval was
Published 03 Mar, 2010 12:00am
Sindh chief minister condoles demise of former UAE minister

Sindh chief minister condoles demise of former UAE minister

Chief Minister Syed Qaim Ali Shah Tuesday visited the Consulate General of UAE at Karachi, where he was warmly welcomed by the Consul General Sohail Mattar Saeed H. AI-Katbi. The Chief Minister on this occasion offered Fateha on the sad demise of Shaikh M
Published 03 Mar, 2010 12:00am
Punjab government releases Rs 136 billion for uplift projects

Punjab government releases Rs 136 billion for uplift projects

Punjab Finance Minister Tanvir Ashraf Kaira has said that the Punjab government has released Rs 136 billion for development projects in the first seven months of the current fiscal year. He expressed these views while talking to a delegation of MPAs here
Published 03 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Tuesday (March 02, 2010) and the forecast for Wednesday (March 03, 2010).

Published 03 Mar, 2010 12:00am
HMB announces final cash dividend

HMB announces final cash dividend

Habib Metropolitan Bank (HMB) has announced a final cash dividend for the year 2009 at Re. 1.00 per share, ie, 10 percent. The board of directors of the bank, in its meeting held here on Tuesday also recommended to issue bonus shares in the proportion of
Published 03 Mar, 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 03 Mar, 2010 12:00am
HMB announces final cash dividend

HMB announces final cash dividend

Habib Metropolitan Bank (HMB) has announced a final cash dividend for the year 2009 at Re. 1.00 per share, ie, 10 percent. The board of directors of the bank, in its meeting held here on Tuesday also recommended to issue bonus shares in the proportion of
Published 03 Mar, 2010 12:00am
Punjab Food Department decides to buy 25,400 tarpaulins

Punjab Food Department decides to buy 25,400 tarpaulins

Punjab Food Department has decided to buy 25400 tarpaulins at a cost of over Rs 284.4 million to save the wheat from weather impact, which would be procured during April 2010 and stored in open places. According to details the provincial food department h
Published 03 Mar, 2010 12:00am
Renexus Group, PBIT to initiate mass investment plans soon

Renexus Group, PBIT to initiate mass investment plans soon

Malaysian-based Renexus Group, one of the most valuable Green Technology Lifestyle Developers in Asia, has partnered with Punjab Board of Investment and Trade (PBIT) to plan multi-disciplinary projects in Punjab from medium and low-cost housing, waste man
Published 03 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 03 Mar, 2010 12:00am
USAID Pakistan Jobs project: ASK Development, LCCI sign MoU

USAID Pakistan Jobs project: ASK Development, LCCI sign MoU

The Lahore Chamber of Commerce and Industry (LCCI) and ASK Development has signed a memorandum of understanding to launch USAID Pakistan Jobs project for providing basic skills training to 750 unemployed youth.
Published 03 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 03 Mar, 2010 12:00am
ISEC discount card launched to facilitate students

ISEC discount card launched to facilitate students

The Chief Executive Officer and Director of International Student Exchange Card, Naumeena Suhail, has said that ISEC is an internationally recognised identification and discount card is available to students of any age, faculty members, and youth. She was
Published 03 Mar, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 02, 2010).

Published 03 Mar, 2010 12:00am
PGJDC organises 'Gem Identification Course'

PGJDC organises 'Gem Identification Course'

Pakistan Gems and Jewellery Development Company (PGJDC) has arranged a one-week training course on "Gem Identification" at the Gems Exchange, Peshawar. The course that started on Monday will run until March 7, 2010 in which 10 participants from the indust
Published 03 Mar, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 02, 2010).

Published 03 Mar, 2010 12:00am
KW&SB to increase water tariff by nine percent

KW&SB to increase water tariff by nine percent

Karachi Water and Sewerage Board (KW&SB) has decided to revise water tariff by 9 percent in the current month. Sources told Business Recorder on Tuesday the proposal of revising water tariff by 9 percent has been approved by the directors of KW&SB
Published 03 Mar, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (March 02, 2010) and for Wednesday (March 03, 2010)
Published 03 Mar, 2010 12:00am
Manhattan International wins best print campaign award

Manhattan International wins best print campaign award

The All Pakistan Newspaper Society (APNS) has given the award for best advertising campaign of 2007-2008 to Manhattan International (Pvt) Ltd for its advertising of the Visa brand. This advertising campaign was meant to promote and popularise the high-end
Published 03 Mar, 2010 12:00am
ICAP to acquire Pern facility to access advances in accountancy

ICAP to acquire Pern facility to access advances in accountancy

The Institute of Chartered Accountants of Pakistan (ICAP) has decided to acquire the facility of Pakistan Education Research Network (Pern) to help students and its members get access to global advancement in the field of accountancy.
Published 03 Mar, 2010 12:00am
Campaign against over-speeding launched

Campaign against over-speeding launched

On the special directions of Dr Muhammad Shafique, Deputy Inspector General (Motorways), a special campaign against over-speeding was launched in Sector M-2 (South) & M-3 from February 25 to March 2010. Sector Commander, Nasir Mehmood Satti made special a
Published 03 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 02, 2010).

Published 03 Mar, 2010 12:00am
LHC disposes of petition seeking ban on Indian films

LHC disposes of petition seeking ban on Indian films

The Lahore High Court (LHC) on Tuesday disposed of petition seeking ban on exhibition of Indian films in Pakistan in protest to exclusion of Pakistani cricketers from Indian Premier League (IPL). The court directed the petitioner to approach the concerned
Published 03 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 02, 2010).

Published 03 Mar, 2010 12:00am
'New valuation advice to drop import targets'

'New valuation advice to drop import targets'

Custom valuation advice to drop import targets. Threats to peace, worldly financial crisis, and the rise in dollars rates damaging the importers. Government should withdraw new Custom valuation advice. This was stated by Syed Mairaj Uddin, Chairman Bearin
Published 03 Mar, 2010 12:00am
Overcharging: magistrates asked to take action against milk sellers

Overcharging: magistrates asked to take action against milk sellers

Administrator, City District Government Karachi (CDGK), Fazlur Rehman has directed the revenue officers having powers of first class magistrates to take immediate action against milk sellers indulged in overcharging. After taking the charge of administrat
Published 03 Mar, 2010 12:00am
PTA decides to set up Leather City

PTA decides to set up Leather City

The Pakistan Tanners Association (PTA) has constituted a committee which would remain involve and work closely with Punjab Industrial Estate for setting up of Leather City in the provincial metropolis. The committee would comprise of Muhammad Naim, S M Na
Published 03 Mar, 2010 12:00am
THE RUPEE: modest fall

THE RUPEE: modest fall

The rates moved both ways on currency market on Tuesday in process of trading, exports said. On the interbank market, the rupee extended its fall, losing four paisa against dollar for buying at 85.08 and shed eight paisa for selling at 85.12, dealers said
Published 03 Mar, 2010 12:00am
BZU students visit UVAS

BZU students visit UVAS

41 students of Bahauddin Zakariya University (BZU), Multan met with Vice Chancellor University of Veterinary and Animals Sciences (UVAS), Lahore during their two-day study tour of UVAS to learn about the facilitation and expertise of varsity being provide
Published 03 Mar, 2010 12:00am
THE RUPEE: modest fall

THE RUPEE: modest fall

The rates moved both ways on currency market on Tuesday in process of trading, exports said. On the interbank market, the rupee extended its fall, losing four paisa against dollar for buying at 85.08 and shed eight paisa for selling at 85.12, dealers said
Published 03 Mar, 2010 12:00am
Danish schools to be a precursor of education revolution: Shahbaz

Danish schools to be a precursor of education revolution: Shahbaz

Punjab Chief Minister, Shahbaz Sharif has said that setting up of Danish schools in backward areas will prove to be a precursor of educational revolution and result in provision of quality education at par with Aitchison College to the deprived children.
Published 03 Mar, 2010 12:00am
CDGK donates another ground to Customs Academy

CDGK donates another ground to Customs Academy

City District Government Karachi (CDGK) has donated another cricket ground to Customs Cricket Academy in Gulistan-e-Jauhar, it was announced on Tuesday. The ground was handed to former Test cricketer Jalaluddin, who is also the chief coach of CCA by Admin
Published 03 Mar, 2010 12:00am
Water level in Mangla Dam rising fast

Water level in Mangla Dam rising fast

Water level in country's second biggest dam reservoir of Mangla is swiftly rising following the recent spell of rain and melting of snow at snow-clad catchments at the advent of summer, official sources told newsmen here on Tuesday. According to details,
Published 03 Mar, 2010 12:00am
Karak blast's victims: minister visits Lady Reading Hospital

Karak blast's victims: minister visits Lady Reading Hospital

The NWFP Minister for Prisons Mian Nisar Gul Kakakhel on Tuesday visited Lady Reading Hospital, Peshawar and enquired after the health of injured police personnel of the recent Karak Police Station bomb blast. The Minister appreciated the bravery and sacr
Published 03 Mar, 2010 12:00am
Automated port ops can change destiny of country: PCA

Automated port ops can change destiny of country: PCA

President Pakistan Computers Association (PCA) Munawar Iqbal on Tuesday said deep sea port in Gwadar has the potential to become the main trade hub for this area. This brilliantly planned project having radically distinctive economic and strategic importa
Published 03 Mar, 2010 12:00am
Seven Kashmiris cross through Rawalakot-Poonch trans LoC bus

Seven Kashmiris cross through Rawalakot-Poonch trans LoC bus

Seven civilians belonging to divided Kashmiri families, dwelling AJK and IHK, travelled through the weekly trans-LoC bus through Poonch-Rawalakot route on Monday, official sources said. The sources told newsmen here on Tuesday that three civilians travell
Published 03 Mar, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 02, 2010).

Published 03 Mar, 2010 12:00am
'Arabic language vital to eliminate scourge of sectarianism, terrorism'

'Arabic language vital to eliminate scourge of sectarianism, terrorism'

Vice-Chancellor Punjab University Professor Dr Mujahid Kamran has stated that knowledge of Arabic language is not only essential for eliminating the scourge of sectarianism and terrorism but also for attaining an honourable place in the comity of nations.
Published 03 Mar, 2010 12:00am
Police produce minor son of Polish woman in LHC

Police produce minor son of Polish woman in LHC

Rawalpindi police here on Tuesday produced before Lahore High Court (LHC) a three-year-old son Muhammad Ali Asqa of a polish woman after recovering him from his father Muhammad Khan. The court retained the passport of the minor in court's custody, and all
Published 03 Mar, 2010 12:00am
ABL introduces 'Terrorism Protection Insurance'

ABL introduces 'Terrorism Protection Insurance'

As Pakistan remains at the forefront of the war on terror, the lives of ordinary people are affected tumultuously in event of any terrorist act that befalls them. This was stated by Mohammad Aftab Manzoor, CEO, Allied Bank, on the occasion of signing an a
Published 03 Mar, 2010 12:00am
July-December refinery sector losses down to Rs 2.7 billion

July-December refinery sector losses down to Rs 2.7 billion

The losses of listed refinery sector reduced significantly to Rs 2.7 billion in the first half of the current fiscal year (FY10) as compared to massive losses of Rs 13.4 billion recorded in the corresponding period of FY09. "Unlike last year, where invent
Published 03 Mar, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Mar, 2010 12:00am
Sales of steel products drop

Sales of steel products drop

The sales of steel products have plummeted, owing to a slump in the construction activities. This was stated by Ali Ahmad, vice chairman of Pakistan Steel Re-Rolling Mills Association along with Shahnawaz Ishtiaq, Abdul Latif Chaudhry and Farhana Mowji, d
Published 03 Mar, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Mar, 2010 12:00am
Demanding salary, employment: CJP requested to take suo motu action

Demanding salary, employment: CJP requested to take suo motu action

A citizen and a former employee of a company Ali Saleem Dilbar has written a letter to the Chief Justice Pakistan praying to him to take suo motu action and reopen his case for hearing. The applicant, in his letter, contended that he worked in Viva Sport
Published 03 Mar, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Mar, 2010 12:00am
Replacing GST with VAT: business community rejects proposal

Replacing GST with VAT: business community rejects proposal

Business community, represented by twenty chambers of commerce and industry throughout the country, unanimously opposed the government's proposal to replace General Sales Tax (GST) with a broad based value-added Tax (VAT) stating that they were not taken
Published 03 Mar, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Mar, 2010 12:00am
Speaker's institution is a protector of Parliamentary democracy: Fehmida

Speaker's institution is a protector of Parliamentary democracy: Fehmida

Fehmida Mirza, Speaker National Assembly, said the institution of Speaker was held in high esteem as a protector of parliamentary democracy all over the world. She was speaking at 16th Speakers and Presiding Officers Conference at the Punjab Assembly prem
Published 03 Mar, 2010 12:00am
Lesco charges Rs 3,000 for power usage in Nawaz's meeting

Lesco charges Rs 3,000 for power usage in Nawaz's meeting

The Lahore Electricity Supply Co (Lesco) charged an amount of Rs 3000 from the concerned Municipal Administration for alleged theft of electricity in public meeting of Mian Muhammad Nawaz Sharif in the premises of Schazoo Laboratories on Monday night.
Published 03 Mar, 2010 12:00am
AIOU announces Intermediate exams results

AIOU announces Intermediate exams results

Allama Iqbal Open University (AIOU) on Tuesday announced the results of final exams of Intermediate programmes for Spring 2009. According to AIOU Controller examination, result intimation cards are being sent by post to students at their addresses.
Published 03 Mar, 2010 12:00am
Politicians' foreign assets: LHC directs re-filing of petition

Politicians' foreign assets: LHC directs re-filing of petition

A full bench of Lahore High Court on Tuesday directed re-filing of a petition seeking return of foreign assets owned by Pakistani politicians including PML-N Quaid Nawaz Sharif, its MNA Ahsan Iqbal, former chief minister Chaudhry Pervez Elahi and his son
Published 03 Mar, 2010 12:00am
Imax theatre case adjourned till March 16

Imax theatre case adjourned till March 16

Punjab government on Tuesday sought permission from a full bench of the Lahore High Court (LHC) to set up public library, gym and a bowling alley on the site of multi-million Imax Theatre on Doongi Ground, near Mini Market, Gulberg. The court issued notic
Published 03 Mar, 2010 12:00am
Jamaat-i-Islami calls for mid-term elections

Jamaat-i-Islami calls for mid-term elections

Jamaat-i-Islami (JI) Secretary General Liaquat Baloch has said that the system of allies ruling and divided mandate had failed in the country and the situation calls for fresh elections.
Published 03 Mar, 2010 12:00am
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