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Print - 2010-03-05
Gold slips in Europe

Gold slips in Europe

Gold fell 1.2 percent as the euro declined further against the dollar after US home sales data, extending losses made after the European Central Bank reinforced the view that eurozone interest rates will stay low. Speaking at a press conference after the
Published 05 Mar, 2010 12:00am
US MIDDAY: coffee and sugar fall

US MIDDAY: coffee and sugar fall

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Thursday. May arabica coffee contract dropped 3.05 cents to $1.2905 per lb at 11:04 am EST (1604 GMT). Ranging from $1.2870 to $1.3215. Arabica coffee futures flirted with a 5-1/2 mo
Published 05 Mar, 2010 12:00am
US MIDDAY: soyabeans, wheat and corn down

US MIDDAY: soyabeans, wheat and corn down

A firmer dollar pressured Chicago Board of Trade soyabean and wheat futures early Thursday. At 9:33 am CST (1533 GMT), CBOT May soyabeans were down 14-1/2 cents at $9.49 a bushel. Most-active May falls to near-two-week low on firm dollar, lower crude oil,
Published 05 Mar, 2010 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

US copper futures fell early on Thursday when the euro erased early gains on the dollar, US economic data were mixed and some short-term funds sold metals, traders said. Most active copper for May delivery lost 6.40 cents, or 1.86 percent, to $3.3710 per
Published 05 Mar, 2010 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

US gold futures dropped below $1,130 an ounce early on Thursday on profit-taking following the previous sessions' gains, but strong underlying investment demand should limit losses. COMEX April gold down $13.80, or 1.2 percent, at $1,129.50 an ounce at 10
Published 05 Mar, 2010 12:00am
Hamara Karachi Festival begins from March 10

Hamara Karachi Festival begins from March 10

Hamara Karachi Festival will be held from March 10 to 24 under the aegis of Hamara Karachi Foundation. This was announced by former City Naib Nazim and Foundation's President Nasrin Jalil while addressing a press conference along with Local Government Min
Published 05 Mar, 2010 12:00am
Derailment of goods train: Railway's damaged track still not usable

Derailment of goods train: Railway's damaged track still not usable

The railway's down track damaged on Tuesday due to derailment of a goods train is still non functional and the railway engineering staff was struggling to make it functional as soon as possible. On emergency basis the up-track was managed to pass trains s
Published 05 Mar, 2010 12:00am
APTMA demands end of restriction on yarn export quota

APTMA demands end of restriction on yarn export quota

Acting chairman All Pakistan Textile Mills Association (APTMA), Shahzad Ahmed said that unilateral reduction in yarn export quota from 50,000 to 35,000 tons per day will damage spinning sector in particular and entire textile industry in general. He was a
Published 05 Mar, 2010 12:00am
'Sugar prices decline likely as production surges'

'Sugar prices decline likely as production surges'

Sugar prices are likely to decrease gradually this year as 80 percent sugarcane is being used in the crushing of sugar as compared to only 50 percent during the corresponding period last year, said Dr Qadir Bakhsh Baloch, spokesman of Ministry of Food and
Published 05 Mar, 2010 12:00am
PCC completed 80 percent work on constitutional issues: Adil

PCC completed 80 percent work on constitutional issues: Adil

Senator Haji Adil, member of Parliamentary Constitutional Committee (PCC) has said that the committee has sorted out over 80 percent issues, including reduction in President's powers, enhancing the Prime Minister's powers or new method of judges' appointm
Published 05 Mar, 2010 12:00am
Vice chancellor Khuzdar University seeks inquiry into attack on students

Vice chancellor Khuzdar University seeks inquiry into attack on students

Vice Chancellor Balochistan University of Engineering and Technology Khuzdar Birg Retd Mukhtar Ahmed Khan, on Thursday, sought impartial probe into attack on students, observing Baloch Cultural Day in the university premises in which at least two students
Published 05 Mar, 2010 12:00am
'76 dengue fever patients died since 2005'

'76 dengue fever patients died since 2005'

As many as 76 out of 8040 patients suffering from dengue fever have lost their lives since 2005 in Pakistan, according to the government sources. This was stated by Dr Imtiaz Ahmad of Karachi University while addressing the participants of a three-day int
Published 05 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Thursday (March 04, 2010) and the forecast for Friday (March 05, 2010).

Published 05 Mar, 2010 12:00am
Corps Commander inaugurates 'green gala'

Corps Commander inaugurates 'green gala'

Corps Commander Multan Lieutenant General Shafqaat Ahmad inaugurated a ten-day 'green gala' plantation drive by planting saplings at two different places in the cantonment area on Thursday. While speaking on the occasion, the Corps Commander said that pla
Published 05 Mar, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
Newly elected PCGA Chairman assumes charge

Newly elected PCGA Chairman assumes charge

The newly elected Chairman of Pakistan Cotton Ginners Association (PCGA) Haji Muhammad Akram, Vice Chairman (north zone) Haji Hafeez-ullah Anwar, and Vice Chairman (south zone) Mahesh Kumar took charge of their duties. The General Body of PCGA, which is a
Published 05 Mar, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
Water level in Mangla dam rising: official

Water level in Mangla dam rising: official

The storage water is increasing in Mangla dam, reaching to 1051.30 feet following of melting of snow at the snow-clad catchments soon, sources said. As a result of the recent heavy rain and snowfalls in the top mountainous catchments, the water level rise
Published 05 Mar, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
161 passenger coaches rehabilitated

161 passenger coaches rehabilitated

Ministry of Railways has completed rehabilitation process of 161 passenger coaches to improve services in passenger trains and ensure comfort for the travelling public. Under the phased programme, around 15 non-air-conditioned coaches have also been upgra
Published 05 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 05 Mar, 2010 12:00am
KBCA repeats warning about vacating building

KBCA repeats warning about vacating building

Karachi Building Control Authority (KBCA) has once again issued warning for vacating a building declared dangerous in Liaquatabad Town while on a directive of CCOB Manzoor Kadir, a marriage hall was seals and various illegal constructions demolished.
Published 05 Mar, 2010 12:00am
Pak-team leaves for Saudi Arabia to discuss new Hajj policy

Pak-team leaves for Saudi Arabia to discuss new Hajj policy

A delegation of Ministry of Religious Affairs Thursday left for Saudi Arabia to discuss Hajj Policy-2010 with the authorities concerned to ensure maximum facilities for Pakistan's intending pilgrims. The delegation, led by Minister for Religious Affairs H
Published 05 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 05 Mar, 2010 12:00am
About 57,000 youths to be trained in Phase-II of SBBYDP

About 57,000 youths to be trained in Phase-II of SBBYDP

During the current fiscal some 56,960 youths are being trained in education and literacy, health, information technology, women development and other provincial departments under Phase-II of Shaheed Benazir Bhutto Youth Development Programme (SBBYDP). The
Published 05 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 05 Mar, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
Depression among adolescents

Depression among adolescents

It is absolutely normal to feel blue occasionally or to feel down for a while if something happens bad to us. Out of the usual run of things, bad moods or acting out is likely to be happened, but depression is somewhat exceptional. It is important to unde
Published 05 Mar, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 04, 2010) and for Friday (March 05, 2010)
Published 05 Mar, 2010 12:00am
Fabled Afghan province of Nuristan keeps US at bay

Fabled Afghan province of Nuristan keeps US at bay

A region of soaring mountains, rare languages and isolated tribes, Nuristan in north-eastern Afghanistan has long held a special fascination for writers and hardy travellers. A British colonel in 1910 described it as "more impracticable than either of the
Published 05 Mar, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
Should the Parliament appoint senior judges?

Should the Parliament appoint senior judges?

After months of haggling, the Parliamentary Committee on Constitutional Reforms finalised its draft on the proposed Judicial Commission to appoint senior judges. To some, even this isn't enough; a Karachi-based English newspaper equates the move with sayi
Published 05 Mar, 2010 12:00am
NAB thriving on corruption!

NAB thriving on corruption!

According to a press report, Chief Justice Iftikhar Mohammad Chaudhry, while hearing the case of Harris Steel Mills on February 22, 2010 "was startled to learn that the National Accountability Bureau (NAB) had a legal claim on money it had recovered from
Published 05 Mar, 2010 12:00am
Thana culture

Thana culture

Police flogged three persons suspected of burglary in Chiniot at a public place. The accused were laid on the ground one by one. Two policemen grabbed their hands and feet while a uniformed officer repeatedly thrashed their bare backs with a long, thick l
Published 05 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
Competition Commission's legitimate concerns

Competition Commission's legitimate concerns

Powerful lobbies are, reportedly, embarked upon limiting the powers of the Competition Commission of Pakistan (CCP) to undertake its core functions of inspection/search, and drastically reduce penalties which would have implications on the entity's financ
Published 05 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
LHC suspends termination order of professor

LHC suspends termination order of professor

The Lahore High Court (LHC), while suspending the termination order of Punjab University professor Dr Muhammad Salim issued notice to Vice chancellor for March 31. The petitioner professor through his counsel contended that he was appointed in Botany depa
Published 05 Mar, 2010 12:00am
Appointment of administrators: LHC asks AG Punjab to assist court

Appointment of administrators: LHC asks AG Punjab to assist court

The Lahore High Court (LHC) here on Thursday asked Advocate General Punjab to assist the court on March 09, in a petition challenging appointment of administrators in local governments. The petition was filed by Local Councils Association of Pakistan (LCA
Published 05 Mar, 2010 12:00am
Free eye camp today

Free eye camp today

The Administrator Hyderabad, Aftab Ahmed Khatri will inaugurate the free eye camp jointly organised by Al-Umeed Lions Club Hyderabad and District Anti-TB Association Hyderabad on March 5 (today), at 10:45 am at Doctor M. Rafique Memorial Chest Clinic/Asth
Published 05 Mar, 2010 12:00am
THE RUPEE: dollar falls sharply

THE RUPEE: dollar falls sharply

Bulls dominated on the currency market on Thursday as the rupee posted fresh gains due to slight improvement in the supply of the greenback, exports said. On the interbank market the rupee recovered more 10 paisa versus dollar for buying at 84.90 and gain
Published 05 Mar, 2010 12:00am
Annual Hyderabad spring flower show from March 19

Annual Hyderabad spring flower show from March 19

The annual "Hyderabad spring Flower Show 2010" will be held from March 19 to 21 at Nursery Park, Unit No 6 Latifabad Hyderabad organised by District Government Hyderabad to provide recreational activities and healthy atmosphere for the people of Hyderabad
Published 05 Mar, 2010 12:00am
THE RUPEE: dollar falls sharply

THE RUPEE: dollar falls sharply

Bulls dominated on the currency market on Thursday as the rupee posted fresh gains due to slight improvement in the supply of the greenback, exports said. On the interbank market the rupee recovered more 10 paisa versus dollar for buying at 84.90 and gain
Published 05 Mar, 2010 12:00am
'Good governance vital for revival of country's economy'

'Good governance vital for revival of country's economy'

Jamaat-i-Islami Ameer, Syed Munawar Hasan has said transparency and good governance are very important for the revival of country's economy, progress and prosperity. He was speaking at a meeting held in connection with the Lahore Chambers of Commerce and
Published 05 Mar, 2010 12:00am
Master Manzoor meets Shahbaz

Master Manzoor meets Shahbaz

Prominent musician and the winner of Pride of Performance Award, Master Manzoor Hussain met Punjab Chief Minister, Muhammad Shahbaz Sharif at Chief Minister's Secretariat, here on Thursday. Member Punjab Assembly, Farah Deeba was also present on the occas
Published 05 Mar, 2010 12:00am
NA 123 by-elections: Jamaat-i-Islami candidate says EC should call army

NA 123 by-elections: Jamaat-i-Islami candidate says EC should call army

Candidate of Jamaat-e-Islami Pakistan in NA 123 Hafiz Salman Butt has demanded that Election Commission should call army in NA 123 to maintain law and order in the constituency. He also appealed to the Chief Justice of Pakistan to take sou motu action on
Published 05 Mar, 2010 12:00am
PML-N leader vows to come up to people's expectations

PML-N leader vows to come up to people's expectations

Pakistan Muslim League (PML-N) leader Hamza Shahbaz MNA and PML-N's candidate for NA-123 Mohammad Pervez Malik said that after NA-55 polls, "nation and democracy would also win in NA-123." They were addressing a public gathering at PML-N election office h
Published 05 Mar, 2010 12:00am
NA-123: LHC directs SSP to provide security to candidate

NA-123: LHC directs SSP to provide security to candidate

Lahore High Court (LHC) here on Wednesday directed Senior Superintendent of Police (SSP) Lahore to provide security to Nighat Khan, an independent candidate for election in NA-123. The LHC issued these orders in a petition filed by Ms Khan seeking securit
Published 05 Mar, 2010 12:00am
Syed Manzoor Gilani new Chief Justice of Azad Kashmir

Syed Manzoor Gilani new Chief Justice of Azad Kashmir

Government has decided to appoint Justice Syed Manzoor Gilani as Chief Justice (CJ) of Supreme Court Azad Kashmir, sources said on Thursday. Justice Gilani was the senior Judge of the Kashmir and the decision had taken to resolve the eight-year judiciary
Published 05 Mar, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 04, 2010).

Published 05 Mar, 2010 12:00am
Gilgit-Baltistan Empowerment Order challenged in Supreme Court

Gilgit-Baltistan Empowerment Order challenged in Supreme Court

The Supreme Court was moved on Thursday against Gilgit-Baltistan Empowerment and Self Governance Order 2009, saying that it negatively impacts fundamental rights granted by the Constitution of Pakistan and encroaches upon the independence of people of the
Published 05 Mar, 2010 12:00am
2007 PCO: I could have been CJP: Justice Javed

2007 PCO: I could have been CJP: Justice Javed

"I could have been the Chief Justice of Pakistan (CJP) by reading merely a few lines, but I did not go for that because my first interest was Pakistan," said Justice Javed Iqbal, who stands second in seniority among Supreme Court judges, while addressing
Published 05 Mar, 2010 12:00am
LSE approves listing of FFCL

LSE approves listing of FFCL

The Lahore Stock Exchange (LSE) on Thursday approved the application for formal listing and quotation of shares of the Fatima Fertilizer Company Limited (FFCL). According to the LSE notification, the Fatima Fertilizer Company Limited will be listed on the
Published 05 Mar, 2010 12:00am
Seminar on Emotional Intelligence held

Seminar on Emotional Intelligence held

The NUST Centre for Career Counselling and Advisory (NUST-C3A) held a seminar on Emotional Intelligence at NUST-SCEE auditorium here on Thursday. Rector NUST Lieutenant General Engineer Muhammad Asghar was the chief guest on the occasion. Dr Farah Malik,
Published 05 Mar, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Mar, 2010 12:00am
'National education policy 2009 targets depend on financial commitments'

'National education policy 2009 targets depend on financial commitments'

Realisation of objectives and targets set in the national education policy 2009 will be dependent on the delivery of financial commitments at federal level and effective implementation at provincial level. According to Pakistan Institute of Legislative De
Published 05 Mar, 2010 12:00am
Board meetings in progress

Board meetings in progress

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

Published 05 Mar, 2010 12:00am
Stakeholders urged to work for economic prosperity

Stakeholders urged to work for economic prosperity

Muhammmad Kamran Shehzad, Deputy Governor of the State Bank of Pakistan (SBP) has stressed the need for close co-operation amongst all the key stakeholders for economic development of the country. Speaking at the Gujrat Chamber of Commerce and Industry (G
Published 05 Mar, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Mar, 2010 12:00am
Three killed in different incidents

Three killed in different incidents

At least three people including a woman were killed in different violent incidents across the city on Thursday, police said. According to detail, a youth was gunned down in New Karachi, Sector 5-E and a woman committed suicide over a domestic issue, while
Published 05 Mar, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Mar, 2010 12:00am
ARL, AHL, AFIT set up blood donation camp

ARL, AHL, AFIT set up blood donation camp

As part of its CSR initiatives, Attock Refinery Limited (ARL) set up a Blood Donation Camp in collaboration with Attock Hospital Limited (AHL) and Armed Forces Institute of Transfusion (AFIT) at Morgah, here on Thursday. Leading by example, members of the
Published 05 Mar, 2010 12:00am
Mobilink recognised for Marketing Excellence

Mobilink recognised for Marketing Excellence

Mobilink, Pakistan's market leader in cellular services and subsidiary of Orascom Telecom Holding, has been recognised for Marketing Excellence by the Marketing Association of Pakistan (MAP). The MAP Marketing Excellence Award for 2009 has been conferred
Published 05 Mar, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Mar, 2010 12:00am
Boat owners end strike

Boat owners end strike

Boat owners on Thursday ended the 18-day strike after the Balochistan fisheries department accepted some of their demands. The Balochistan government agreed that it will not resort to gunfire at the fishing boats of Sindh if found in its waters and neithe
Published 05 Mar, 2010 12:00am
Three killed in Lakki Marwat

Three killed in Lakki Marwat

Three persons have been killed when one of the groups hurled a hand grenade on the other at Sari Naurang area in Lakki Marwat on Thursday, district police. Ayub Khan and his brother Latif Khan exchanged hot words over property dispute when one of them thr
Published 05 Mar, 2010 12:00am
BOPP film consignment imported from Dubai seized

BOPP film consignment imported from Dubai seized

Directorate General of Intelligence and Investigation (DGI&I)-FBR Karachi has seized the consignment of BOPP film imported in the garb of Polyester Film Transparent (PFT) from Dubai.
Published 05 Mar, 2010 12:00am
Insurance companies: SECP sends draft rules to PCP for official gazette

Insurance companies: SECP sends draft rules to PCP for official gazette

The Securities and Exchange Commission of Pakistan (SECP) has observed that the solvency requirements are essential for the supervision of insurance companies as well as protection of the policyholders. In this regard, the SECP has sent the draft rules to
Published 05 Mar, 2010 12:00am
Punjab chief minister orders completion of hospital building

Punjab chief minister orders completion of hospital building

A high level meeting was held under the chairmanship of Punjab Chief Minister, Muhammad Shahbaz Sharif to review the pace of implementation of the project of Punjab Institute of Neuro Sciences (PINS), at Chief Minster's Secretariat, on Thursday.
Published 05 Mar, 2010 12:00am
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