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Print - 2010-03-18
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The National Assembly session on Wednesday lacked lustre as majority of the members from both treasury as well as opposition did not turn up while most of the ministers were busy in Cabinet meeting on law and order situation in the country. The members mi
Published 18 Mar, 2010 12:00am
Dow Jones Indexes issues annual review

Dow Jones Indexes issues annual review

Dow Jones Indexes, a leading global index provider, has issued the results of the regular annual review of the Dow Jones SAFE Indexes. According to an announcement made by the SAFE Secretariat here on Wednesday, the Dow Jones-SAFE 100 index was launched l
Published 18 Mar, 2010 12:00am
Industrialists urged to use modern methods of cost cutting

Industrialists urged to use modern methods of cost cutting

Expert on modern methods of cost cutting, Abid Anwar has advised industrialists to adopt modern techniques, used world-wide to reduce cost of doing business. He said that the modern world is adopting various methods, including JIP (Just-in-time), target-p
Published 18 Mar, 2010 12:00am
Ransom money paid to kidnappers for safe recovery of Sahil: Malik

Ransom money paid to kidnappers for safe recovery of Sahil: Malik

Federal Minister for Interior Rehman Malik has said that the ransom money was paid to kidnappers for the safe recovery of Sahil Naqqash, but declined to give the details of the amount paid, and in which country it was paid. "Life of kidnapped boy was more
Published 18 Mar, 2010 12:00am
PSR conference

PSR conference

The Pakistan Society for Rheumatology (PSR) is organising 14th International conference on March 23. World renowned speakers from Pakistan and abroad will present their research papers and share their experiences on different diseases of joints and muscle
Published 18 Mar, 2010 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures settled lower on Wednesday on sales by small investors as the market treaded water in range-bound dealings, with more of the same trading pattern expected this week, brokers said. The key May cotton contract fell 0.67 cent to end at 81.17 c
Published 18 Mar, 2010 12:00am
Liffe sugar, coffee and cocoa rise

Liffe sugar, coffee and cocoa rise

May white sugar closed up $0.10 at $521.5 per tonne on Wednesday. Dealers focused on signs of a revival in physical offtake after a recent slide to six-month lows. May cocoa on Liffe ended 17 pounds higher at 2,200 pounds a tonne. Dealers talked of expect
Published 18 Mar, 2010 12:00am
Copper hits one-week high

Copper hits one-week high

Copper hit a one-week high on Wednesday as the dollar slipped, inventories fell and talk of a Chinese yuan revaluation helped boost sentiment. Benchmark copper on the London Metal Exchange hit a session high of $7,547.25 a tonne. The metal used in power a
Published 18 Mar, 2010 12:00am
Oil rises toward $83

Oil rises toward $83

Oil rose more than 1 percent to end near $83 a barrel on Wednesday after a US government report showed increased oil product demand and as Opec decided to leave output targets unchanged. A weaker US dollar against a basket of currencies also provided supp
Published 18 Mar, 2010 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold climbed above $1,130 an ounce in Europe on Wednesday as the US Federal Reserve's announcement that it will keep interest rates low for an "extended period" knocked the dollar. Spot gold was bid at $1,131.75 an ounce at 1038 GMT, against $1,124.70 lat
Published 18 Mar, 2010 12:00am
US MIDDAY: sugar, coffee and cocoa up

US MIDDAY: sugar, coffee and cocoa up

Raw sugar futures on ICE edged up early on Wednesday, aided by a soft dollar and firmer oil prices, although the market still held around Monday's 7-1/2-month low. A European broker, in a daily market report, noted rising concerns over drought in China's
Published 18 Mar, 2010 12:00am
US MIDDAY: soya, wheat and corn up

US MIDDAY: soya, wheat and corn up

May wheat was up 8 cents per bushel at $4.91 per bushel on the Chicago Board of Trade early on Wednesday and May soya was up 6-1/4 at $9.51-1/4 on technical short-covering and fund buying in thin dealings, traders said. May soyameal up $2.20 per ton at $2
Published 18 Mar, 2010 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

US copper futures climbed to a one-week high early Wednesday, as the dollar extended its recent slide and market sentiment improved after a renewed pledge from the Federal Reserve to keep rates low for an extended period. Copper for May delivery firmed 4.
Published 18 Mar, 2010 12:00am
US MIDDAY: gold higher

US MIDDAY: gold higher

US gold futures ended slightly higher early on Wednesday, erasing initial gains, as a flat dollar and larger-than-expected decline in producer prices failed to give the market a firm direction. COMEX April settles up $1.70 at $1,124.20 an ounce. Range $1,
Published 18 Mar, 2010 12:00am
Talukas Ghotki, Khanghar boundaries restored

Talukas Ghotki, Khanghar boundaries restored

The Secretary to Government of Sindh, Revenue Department while exercising powers conferred upon him under section 6 of Sindh Land Revenue Act 1967 has restored the boundaries and limits of Talukas Ghotki and Khanghar of District Gotki as stood on April, 1
Published 18 Mar, 2010 12:00am
BISP to launch 'National Poverty Survey' from May

BISP to launch 'National Poverty Survey' from May

Benazir Income Support Programme (BISP) will launch 'National Poverty Survey' from May to identify the number of poor families across the country. The survey will be completed in 24 districts of Balochistan on priority basis till June, Chairperson BISP, F
Published 18 Mar, 2010 12:00am
'Sialkot to be converted into 'Green City'

'Sialkot to be converted into 'Green City'

About 5.46 lakh saplings would be planted during spring tree plantation drive in Sialkot district. District Co-ordination Officer (DCO) Mujahid Shar Dil stated this while inaugurating spring tree plantation campaign here on Wednesday.
Published 18 Mar, 2010 12:00am
Long power blackouts badly hit Sialkot industry

Long power blackouts badly hit Sialkot industry

All trade bodies here, including Sialkot Chamber of Commerce and Industry (SCCI), and people belonging to various walks of life on Wednesday strongly condemned the unscheduled electricity load shedding of continuous even hours as a result of which normal
Published 18 Mar, 2010 12:00am
Speakers urge to follow Islam in letter and spirit

Speakers urge to follow Islam in letter and spirit

The speakers at a seminar have said that peace in the country lies in following the injections of Islam in letter and spirit as education, discipline, counter-corruption, self-accountability and philosophy of Khudi are prerequisites to the peace and devel
Published 18 Mar, 2010 12:00am
Refinance limit 28 percent higher than last year's threshold: DG SBP

Refinance limit 28 percent higher than last year's threshold: DG SBP

Deputy Governor (DG), State Bank of Pakistan (SBP), Muhammad Kamran Shehzad has said that the refinance limit of over Rs 228 billion has been assigned under the Export Finance Scheme (EFS) to various banks for the current fiscal year 2009-10, which is abo
Published 18 Mar, 2010 12:00am
NWFP government mulling to start TV channel: minister

NWFP government mulling to start TV channel: minister

NWFP Minister for Information Mian Iftikhar Hussain has said that the significance of media is an established fact and in present critical circumstances its importance has increased manifold adding Frontier government is mulling over establishing its own
Published 18 Mar, 2010 12:00am
The Belagaam Pawindas

The Belagaam Pawindas

In a well-known TV talk show, Dr Firdous Awan tore the concept of CoD by announcing that the document is not acceptable at the grassroots level by the workers of PPP. Apparently, she hasn't read the document, prepared carefully by the stalwarts of both th
Published 18 Mar, 2010 12:00am
Parking at 'no parking'

Parking at 'no parking'

Parking in "No Parking" zones reflects our society's lack of civic sense. It is a severe drawback of our society. All the busy roads of Karachi, like M.A Jinnah Road, Shah Faisal Colony, Liaquatabad and Saddar around Empress Market, and Burns Road are the
Published 18 Mar, 2010 12:00am
US anger at Israel palpable

US anger at Israel palpable

Israel's plans to build new housing units in occupied East Jerusalem have opened up a diplomatic rift with the United States unseen in years, if not decades, and has left US officials questioning whether the Jewish state is serious about its relationship
Published 18 Mar, 2010 12:00am
Hydropower stations being refurbished and modernised

Hydropower stations being refurbished and modernised

Total installed capacity of hydroelectric power plants in Pakistan is 6,474 MW, which contributes about 33% to the combined installed generation capacity of all resources. During the financial year ending 30th June 2007, hydro energy generation of 31,846
Published 18 Mar, 2010 12:00am
VIEWPOINT: What Shahbaz said

VIEWPOINT: What Shahbaz said

Punjab Chief Minister Shahbaz Sharif's alleged remarks at the anniversary event of Mufti Mohammad Hussain Naeemi's assassination have touched off a storm of anger indignation all over the country. He was quoted to have said that the Taliban should spare P
Published 18 Mar, 2010 12:00am
Guns for hire

Guns for hire

Americans leave nothing to chance when they fight their enemies, or so it seems. If required - and that is not once in a blue moon, but a regular practice - they use napalm bombs and hellfire missiles to attack and destroy their enemies, and in the proces
Published 18 Mar, 2010 12:00am
Resurgence of terrorist attacks

Resurgence of terrorist attacks

After a relative lull in terrorist activity inside the major cities of the country during the last two months, there is suddenly an outburst of suicide attacks in the country. In the latest event of the series, two suicide bombers struck R.A. Bazaar area
Published 18 Mar, 2010 12:00am
Increase in PSDP

Increase in PSDP

The Prime Minister, while on a visit to the Planning Commission, which he committed to undertaking on a quarterly basis, stated that he had directed the Ministry of Finance to release 300 billion rupees for the Public Sector Development Programme (PSDP) w
Published 18 Mar, 2010 12:00am
Lesco power suspension notice

Lesco power suspension notice

According to Iesco press release, power supply will remain suspend due to construction & annual maintenance works as per following schedule.
Published 18 Mar, 2010 12:00am
Chief Justice LHC clarification

Chief Justice LHC clarification

The Chief Justice Lahore High Court belied the news items attributing observation to him about the financial support by Hindus to the terrorists. It is clarified that no such observations were made by the Chief Justice while hearing a petition about extra
Published 18 Mar, 2010 12:00am
PTA launches Urdu version of its official website

PTA launches Urdu version of its official website

For the facilitation of general public and telecom users, Pakistan Telecommunication Authority (PTA) has launched the Urdu version of its official web-site on Internet. In this connection, an inaugural ceremony was held here at PTA Headquarters.
Published 18 Mar, 2010 12:00am
NFC Award to provide basis for future awards: Kaira

NFC Award to provide basis for future awards: Kaira

Punjab Finance Minister Tanvir Ashraf Kaira has said that the signing of 7th NFC Award ceremony is a landmark in the political history of Pakistan and it's a great achievement towards national harmony and solidarity with regard to financial reconciliation
Published 18 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Wednesday (March 17, 2010) and the forecast for Thursday (March 18, 2010).

Published 18 Mar, 2010 12:00am
Shahbaz for promotion of horticulture

Shahbaz for promotion of horticulture

Punjab Chief Minister Muhammad Shahbaz Sharif has said that besides transparent and quality completion of development projects, the policy regarding promotion of horticulture should also be implemented and maximum tree plantation should be carried out at
Published 18 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 18 Mar, 2010 12:00am
Unmanaged waste becoming serious concern

Unmanaged waste becoming serious concern

Dr Mahmood A Khawaja of the Sustainable Development Policy Institute (SDPI) has said that unmanaged waste has become a serious concern for Pakistan and Asian countries causing serious environmental, health and economic losses.
Published 18 Mar, 2010 12:00am
Essay writing, drawing competitions held

Essay writing, drawing competitions held

Fifteen high school children have participated in drawing competition "mother nature" and 21 students in essay writing "our natural environment and its conservation" of different age groups from the different schools situated in the surroundings of Taunsa
Published 18 Mar, 2010 12:00am
Political leaders invited to attend APC

Political leaders invited to attend APC

Senior Provincial Minister Raja Riaz Ahmad has invited political leaders to attend APC on water issue on Thursday March 18, at 11:00 am at Punjab Assembly Chambers.
Published 18 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 18 Mar, 2010 12:00am
PML-N leader for eliminating causes of terrorism

PML-N leader for eliminating causes of terrorism

Pakistan Muslim League (N) Overseas central secretary general Sheikh Kaiser Mehmood has called for weeding out causes of terrorism from the country to eliminate this vice from the country. The PML-N leader said here on Wednesday that Pakistan at present d
Published 18 Mar, 2010 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 18 Mar, 2010 12:00am
Board of directors of PIE reconstituted

Board of directors of PIE reconstituted

The Punjab government has reconstituted the board of directors of the Punjab Industrial Estates Development and Management Company Board (PIE) and reduced it from 23 to 16. Besides provincial secretaries of Industries, Labour, Finance, Chairman Tevta, pro
Published 18 Mar, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 17, 2010).

Published 18 Mar, 2010 12:00am
CPSP team visits CMH Okara

CPSP team visits CMH Okara

An inspection team of the College of Physicians & Surgeons Pakistan (CPSP) Led by Professor Tariq Mahmood Khan, Registrar, visited CMH Okara. The inspection team comprising Professor Khalid Masood Gondal, Regional Director, Professor Muhammad Yaqoob Qazi,
Published 18 Mar, 2010 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 (March 17, 2010).

Published 18 Mar, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 17, 2010).

Published 18 Mar, 2010 12:00am
PBIT organises carbon trading workshop

PBIT organises carbon trading workshop

Punjab Board of Investment and Trade (PBIT) in collaboration with United Nation Industrial Development Organisation (Unido), Lahore Chambers of Commerce & Industry (LCCI) and the Ministry of Environment (MoE) conducted a workshop for creating awareness fo
Published 18 Mar, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (March 17, 2010) and for Thursday (March 18, 2010)
Published 18 Mar, 2010 12:00am
PIAF demands to end gas load management

PIAF demands to end gas load management

The Pakistan Industrial and Traders Associations Front (PIAF) has demanded of the sui gas authorities to end gas load management as early as possible because the weather change has curtailed the domestic consumption of gas and there was no point in gas lo
Published 18 Mar, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 17, 2010).

Published 18 Mar, 2010 12:00am
Judicial inquiry begins against two SPs

Judicial inquiry begins against two SPs

District & Sessions Judge Lahore, Zawwar Ahmad Sheikh here on Wednesday started judicial inquiry into allegations levelled by a suspended Deputy Superintendent of Police (DSP), Imran Babar Jamil, against two superintendents of police (SPs) for pressurisin
Published 18 Mar, 2010 12:00am
Malik ordered to ensure appearance on March 25

Malik ordered to ensure appearance on March 25

A division bench of the Lahore High Court (LHC) here on Wednesday, exempting federal interior minister Rehman Malik from personal appearance only for one time, ordered him to ensure his appearance on March 25 so that the case could be proceeded accordingl
Published 18 Mar, 2010 12:00am
Foreign team visits GCU

Foreign team visits GCU

A delegation from Centre for Development Research, Bonn University, Germany visited the Government College University (GCU) and met with Vice Chancellor Dr Khalid Aftab to discuss the scope of collaboration with the 146-year old institution in the fields
Published 18 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 17, 2010).

Published 18 Mar, 2010 12:00am
Government urged to put off implementation of VAT

Government urged to put off implementation of VAT

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday urged the government to put off the implementation of Value-Added Tax (VAT) until and unless a consensus is developed among all the stakeholders, including all the chambers and trade bodies i
Published 18 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 17, 2010).

Published 18 Mar, 2010 12:00am
Rs 15,000 prize bond draw on April 1

Rs 15,000 prize bond draw on April 1

The draw for prize bonds of worth Rs 15000 will be held at Muzaffarabad on April 1, National Savings sources said.
Published 18 Mar, 2010 12:00am
Ministry fails to implement foolproof security system in Islamabad

Ministry fails to implement foolproof security system in Islamabad

The Interior Ministry has failed to pay any attention to the biggest challenge in the security of Islamabad, Margalla Hills, and thereby to ensure a proper security set up to avert any possible terrorist infiltration from the hills.
Published 18 Mar, 2010 12:00am
Japan extends grant to NGO

Japan extends grant to NGO

The government of Japan has decided to extend a financial support of 95,098 dollar (approx. Rs 7.8 million) to M H Sufi Foundation, a non-governmental organisation (NGO), under the "Grant Assistance for Grassroots Human Security Projects" for the Construc
Published 18 Mar, 2010 12:00am
THE RUPEE: dollar drifts lower

THE RUPEE: dollar drifts lower

Firm trend was seen on the local currency market on Wednesday as dollars' supply was satisfactory, experts said. On the interbank market the rupee appreciated by 13 paisa against dollar for buying and selling at 84.25 and 84.30, they said. In the open mar
Published 18 Mar, 2010 12:00am
Waqar to chair PC board meeting today

Waqar to chair PC board meeting today

A meeting of the recently reconstituted and expanded 15 members Board of Privatisation Commission is scheduled to be held under the chairmanship of Senator Waqar Ahmed Khan Federal Minister for Privatisation (today) Thursday here at the Privatisation Comm
Published 18 Mar, 2010 12:00am
THE RUPEE: dollar drifts lower

THE RUPEE: dollar drifts lower

Firm trend was seen on the local currency market on Wednesday as dollars' supply was satisfactory, experts said. On the interbank market the rupee appreciated by 13 paisa against dollar for buying and selling at 84.25 and 84.30, they said. In the open mar
Published 18 Mar, 2010 12:00am
Hoti felicitates nation on signing of 7th NFC award

Hoti felicitates nation on signing of 7th NFC award

The NWFP Chief Minister, Ameer Haidar Khan Hoti, has felicitated the whole nation particularly the people of NWFP on signing of 7th national finance commission (NFC) award by the President and termed it reflection of environment of cooperation, national u
Published 18 Mar, 2010 12:00am
Ninth biennial conference on chest diseases from March 20

Ninth biennial conference on chest diseases from March 20

The NWFP will host the four-day 9th Biennial International conference under the aegis of Pakistan Chest Society (PCS) central from 20 to 23 March in Bhurban, Murree. Pakistan Chest Society (PCS) president Dr Arshad Javed announced this in a news conferenc
Published 18 Mar, 2010 12:00am
Rs 498 million package for promotion of gem sector on the cards

Rs 498 million package for promotion of gem sector on the cards

The Ministry of Commerce has hinted at the approval of an amount of Rs 498 million for promotion of gemstone sector and acquisition of 33 kanal land for setting up new building of Gems and Gemological Institute of Pakistan (GGIP).
Published 18 Mar, 2010 12:00am
APTMA urged to call off strike

APTMA urged to call off strike

Dr Mirza Ikhtiar Baig, Federal Adviser on Textile, has urged All Pakistan Textile Mills Association (APTMA) to call off strike for 18th March and to settle the issues on the table through negotiation. He also reiterated that all the textile sectors are eq
Published 18 Mar, 2010 12:00am
PEF to rerun 1006 dysfunctional public sector schools

PEF to rerun 1006 dysfunctional public sector schools

The Punjab Education Foundation (PEF) will rerun the 1006 dysfunctional public sector schools in the province in collaboration with the non formal sector; in the pilot phase, 100 such schools would be handed over to the selected partners after finalising
Published 18 Mar, 2010 12:00am
Customs urged to withdraw steel items valuation advice

Customs urged to withdraw steel items valuation advice

The President of Karachi Iron and Steel Merchants Association (Kisma), Shamoon Bakir Ali, has urged the Director-General, Customs Valuation, to withdraw the new valuation advice issued by Director Valuation.
Published 18 Mar, 2010 12:00am
SBP Governor to launch Credit Guarantee Scheme for SMEs today

SBP Governor to launch Credit Guarantee Scheme for SMEs today

State Bank of Pakistan Governor Salim Raza will launch the Credit Guarantee Scheme for small and rural enterprises, under the Financial Inclusion Program (FIP) at SBP Learning Resource Centre Auditorium on March 19.
Published 18 Mar, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 17, 2010).

Published 18 Mar, 2010 12:00am
Investigators fail to solve mystery of Tuesday's blast

Investigators fail to solve mystery of Tuesday's blast

A blast at Lyari Expressway (LEW) near Garden West area on Tuesday in which a young woman and four others including three children were injured has put the investigators into deep trouble as they have failed to ascertain the reasons of explosion.
Published 18 Mar, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (March 17, 2010)

Published 18 Mar, 2010 12:00am
All set for Karachi Literature Festival

All set for Karachi Literature Festival

The Karachi Literature Festival is being organised by the British Council and the Oxford University Press-Pakistan. There is currently a huge interest around the world in writing from Pakistan, established and emerging Pakistani writers have received grea
Published 18 Mar, 2010 12:00am
Funds Association of Pakistan

Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (March 17, 2010)

Published 18 Mar, 2010 12:00am
KCCI, KCAA concerned over FBR's move to roll back PaCCS system

KCCI, KCAA concerned over FBR's move to roll back PaCCS system

A joint meeting of Karachi Chamber of Commerce and Industry (KCCI) and Karachi Customs Agents Association (KCAA) has expressed concern over the reported move of Federal Board of Revenue's (FBR) to roll back the Pakistan Automated Customs Computerised Syst
Published 18 Mar, 2010 12:00am
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