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Print - 2010-03-25
Dr Abdul Qadeer Khan case: LHC to announce verdict on March 29

Dr Abdul Qadeer Khan case: LHC to announce verdict on March 29

The Lahore High Court (LHC) here on Wednesday deferred the announcement of its verdict till March 29 in a petition of Dr Abdul Qadeer Khan filed against government imposing ban on his movement. After holding a brief in-camera hearing, the court said its v
Published 25 Mar, 2010 12:00am
MQM didn't come into power at gunpoint: Mustafa

MQM didn't come into power at gunpoint: Mustafa

Former City Nazim Syed Mustafa Kamal on Wednesday dispelled the impression that Muttahida Qaumi Movement (MQM) came into power at gunpoint, saying the idea could work at rural areas but not in cities like Karachi and Hyderabad. He said: "getting votes by
Published 25 Mar, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
ACCA presents certificate to Trans World Associates

ACCA presents certificate to Trans World Associates

ACCA Pakistan presented Approved Employer Certificate to Trans World Associates Pvt Ltd in a ceremony held here on Wednesday. According to a press release of the ACCA, ACCA's Approved Employer Scheme plays a pivotal role in the recruitment, development an
Published 25 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 24, 2010)

Published 25 Mar, 2010 12:00am
Tribal areas: tripartite MoU signed for setting up marble machinery pool

Tribal areas: tripartite MoU signed for setting up marble machinery pool

The 187.65 million rupees tri-partite Memorandum of Understanding (MoU) was signed here on Wednesday amongst the Fata Secretariat, Program-Livelihood Development (FDP-LD) and Pakistan Stone Development Company (Pasdec) for establishment of Marble Machiner
Published 25 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 24, 2010)

Published 25 Mar, 2010 12:00am
Hydel projects: NWFP decides to hold investors moot

Hydel projects: NWFP decides to hold investors moot

The government of NWFP on Wednesday decided to hold an international donor conference to table 17 mega hydel power projects before the investors to entice them into investing in the huge projects to help counter severe power crisis prevalent in the provin
Published 25 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 24, 2010)

Published 25 Mar, 2010 12:00am
Ban on trout fishing notified

Ban on trout fishing notified

The Fisheries department has put a ban on trout fishing for a period of two years in Kaghan Valley, Swat, Upper Dir and other parts of the province. According to a notification issued by the Chief Minister NWFP, Ameer Haider Khan Hoti, the step has been t
Published 25 Mar, 2010 12:00am
BoK, KASB Bank sign MoU for speedy cash transfer

BoK, KASB Bank sign MoU for speedy cash transfer

Bank of Khyber (BoK) and KASB Bank Wednesday signed a memorandum of understanding (MoU) for facilitation of overseas Pakistanis in cash transfers through regular channels in the province. The signing ceremony was held in a local hotel with Chairman, BoK,
Published 25 Mar, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Mar, 2010 12:00am
Lahore Awami Assembly celebrates Pakistan Day

Lahore Awami Assembly celebrates Pakistan Day

Lahore Awami Assembly was held at Alhamra Cultural Complex, Ghadafi Stadium to celebrate 70th anniversary of Lahore Resolution (Pakistan Day). It was organised by Aman Ittehad. The assembly was well attended and appreciated by the people.
Published 25 Mar, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Mar, 2010 12:00am
'Government wants to make a flawless LG system'

'Government wants to make a flawless LG system'

Speaker Sindh Assembly, Nisar Ahmed Khuhro has said that Local Government System 1979 and Local Government System 2001 had some flaws, therefore the PPP government in consultation with its coalition partners wants to make a flawless local government syste
Published 25 Mar, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Mar, 2010 12:00am
TCP giving tough time to new chairman

TCP giving tough time to new chairman

The Trading Corporation of Pakistan (TCP), operating within a cloud of suspicion fuelled by Transparency International reports on mismanagement and flouting of public procurement rules, is reportedly giving tough time to its new Chairman, Ajnum Bashir. Ba
Published 25 Mar, 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 25 Mar, 2010 12:00am
Punjabi film Virsa to be released on May 7

Punjabi film Virsa to be released on May 7

Virsa is the first international Punjabi film with cast and crew from Pakistan, India and Australia, which will release around the world on May 7. Renowned singer Jawaad Ahmad announced this while addressing a press conference at Lahore Press Club on Wedn
Published 25 Mar, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Mar, 2010 12:00am
Anti-Encroachment Police Station established

Anti-Encroachment Police Station established

The Home Department on Thursday issued a formal notification declaring the 17-room building situated in Deh Khanto, Malir as Anti-Encroachment Police Station.
Published 25 Mar, 2010 12:00am
PCG foils narcotics, liquor smuggling attempt

PCG foils narcotics, liquor smuggling attempt

Pakistan Coast Guards (PCG) foiled an attempt of smuggling Hashish and Liquor in Shadikaur area of Pasni (Balochistan). According to PCG officials here, information was received that attempt will be made for smuggling of huge quantity of narcotics through
Published 25 Mar, 2010 12:00am
Rangers' control extended by three months

Rangers' control extended by three months

The overall control of the city would remain under Pakistan Rangers (Sindh) for further three months to ensure safety and security of citizens, it is learnt. According to sources, the Sindh government has recently extended the period for 90 days, allowing
Published 25 Mar, 2010 12:00am
HEJ institute wins $100,000 IDB award

HEJ institute wins $100,000 IDB award

The Hussain Ebrahim Jamal (HEJ) Research Institute of Chemistry, Karachi University, has been selected for the most prestigious Islamic Development Bank (IDB) Prizes for Science and Technology, including cash award worth $100,000. An announcement here on
Published 25 Mar, 2010 12:00am
Clinical Ethics Symposium today

Clinical Ethics Symposium today

The Aga Khan University (AKU) is hosting the 5th Clinical Ethics Symposium on Thursday. An announcement here on Wednesday said that the theme of the moot is 'Stop Violence - Create Safe Hospital; Violence in Health Care Settings Responses and Way Forward'
Published 25 Mar, 2010 12:00am
Around 62,000 people die of tuberculosis annually: expert

Around 62,000 people die of tuberculosis annually: expert

Likewise other parts of the world, the World Tuberculosis Day also observed here on Wednesday with renewed pledge to combat TB from the province. The World TB Day is observed on March 24 each year to commemorate the date in 1882 when Dr Robert Koch announ
Published 25 Mar, 2010 12:00am
Campaign against smoke-emitting, noisy vehicles from March 27

Campaign against smoke-emitting, noisy vehicles from March 27

The Environment and Alternative Energy Department of Sindh government is re-launching the campaign against smoke-emitting and noisy vehicles from March 27, 2010 to contain the ever-growing pollution in the city. This decision was taken at a meeting of off
Published 25 Mar, 2010 12:00am
VAT should be deferred for an indefinite period: FCCI

VAT should be deferred for an indefinite period: FCCI

The promulgation of Value Added Tax (VAT) law should be deferred for an indefinite period and business community should be taken into confidence before levying VAT, President Faisalabad Cambers Commerce and Industry (FCCI) Abdul Qayyum sad during a meetin
Published 25 Mar, 2010 12:00am
ITP motto is 'ensure road safety': SSP

ITP motto is 'ensure road safety': SSP

The main motto of Islamabad Traffic Police (ITP) is to ensure road safety and resolve social problems being faced by the masses, said Dr Moeen Masood, Senior Superintendent of Police (SSP) Traffic Islamabad here on Wednesday. The ITP in league with Federa
Published 25 Mar, 2010 12:00am
Pepco proposes early closure of markets

Pepco proposes early closure of markets

Pakistan Electric Power Company (PEPCO) has proposed the federal government to enforce the plan of shops closure at 8 PM from April 1, due to rising power shortfall, which is expected to reach 6000 MW in the peak summer season, Business Recorder ha
Published 25 Mar, 2010 12:00am
Extension to Silkbank AGM

Extension to Silkbank AGM

Security and Exchange Commission of Pakistan (SECP) has allowed 30-day extension to Silkbank Ltd in holding Annual General Meeting (AGM) and laying therein the annual audited financial statements for the year ending December 31, 2009. According to a commu
Published 25 Mar, 2010 12:00am
CDWP approves schemes worth Rs 13.27 billion for Sindh

CDWP approves schemes worth Rs 13.27 billion for Sindh

The Central Development Working Party (CDWP) has approved Rs 13,270.5 million worth important schemes of Sindh. The projects approved include two 50 MW power plants at Tharparkar, establishment of Shaheed Benazir Bhutto University, Benazirabad, Urban Wate
Published 25 Mar, 2010 12:00am
TSML kick starts integrated control system

TSML kick starts integrated control system

Tuwairqi Steel Mills Limited (TSML), a subsidiary of Al Tuwairqi Holding, started the cold commissioning of its Distributed Control System (DCS) on Monday. The cold commissioning of the DCS is being performed by TSML team under the supervision of foreign
Published 25 Mar, 2010 12:00am
Rizwan Ahmed becomes executive director of Pakistan Steel

Rizwan Ahmed becomes executive director of Pakistan Steel

Rizwan Ahmed has joined the elite of top management of Pakistan Steel as a new Executive Director. He is a qualified and very experienced officer of DMG group having over twenty-year experience of service in the public sector. Rizwan is an Electronic Engi
Published 25 Mar, 2010 12:00am
'Federal government trying to improve healthcare system'

'Federal government trying to improve healthcare system'

Punjab Assembly Speaker, Rana Muhammad Iqbal here on Tuesday speaking at the 4th T.B Conference said that the provincial government was endeavouring to improve the health services in the province. He said that political parties should work hard to strengt
Published 25 Mar, 2010 12:00am
SBP accepts bids worth Rs 93.062 billion of MTBs

SBP accepts bids worth Rs 93.062 billion of MTBs

The State Bank of Pakistan (SBP) on Wednesday accepted bids worth Rs 93.062 billion with realised value of Rs 84.842 billion, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). The SBP has conducted auction of 3
Published 25 Mar, 2010 12:00am
Lacklustre business due to uncertainty

Lacklustre business due to uncertainty

Traders are worried about their shrinking businesses in the city owing to soaring inflation, frequent power outages, poor law and order and prevailing political instability in the country. Talking to Business Recorder, Chairman Alliance of Market A
Published 25 Mar, 2010 12:00am
Functions to commemorate Pakistan Day held

Functions to commemorate Pakistan Day held

On the special instructions of Chairman POF Board Lieutenant General Shujaat Zamir Dar, various functions held at Wah Cantt to commemorate Pakistan Day celebrations. Sports fair was arranged at Sports Complex Wah, in which four sports competitions were or
Published 25 Mar, 2010 12:00am
Appointment of Shamsul Hassan challenged

Appointment of Shamsul Hassan challenged

Barrister Javaid Iqbal Jeffery has filed a petition before Lahore High Court (LHC) challenging the appointment of High Commissioner of Pakistan to UK Wajid Shamsul Hassan. Petitioner contended that the appointment of Wajid was made on the basis of unconst
Published 25 Mar, 2010 12:00am
LHC issues contempt notice to bar member

LHC issues contempt notice to bar member

A division bench of Lahore High Court (LHC) issued contempt notice to a bar member Liaqat Javed who allegedly slapped a civil judge Tariq Mahmood Kahoot of Faisalabad. Bench directed the lawyer to personally appear before the court on Thursday (today).
Published 25 Mar, 2010 12:00am
'Sindh government ignored Site in reform process'

'Sindh government ignored Site in reform process'

Sindh government has completely ignored the Sindh Industrial Trading Estate (Site) Association of Industry in its reforms, being carried out in the industrial estates of Kotri, Nooriabad and Larkana. This was stated by Salim Parekh, chairman Site Associat
Published 25 Mar, 2010 12:00am
Business community welcomes appointment of Hafeez Shaikh

Business community welcomes appointment of Hafeez Shaikh

The trade and industry has welcomed the appointment of Dr Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance. The Patron In-Chief, Korangi Association of Trade and Industry (KATI), S M Muneer, Chairman, Razzak Hashim Paracha, Vice Chairmen, A
Published 25 Mar, 2010 12:00am
Judge grants two-day physical remand to DSP

Judge grants two-day physical remand to DSP

Judicial magistrate Rai Nawaz Marth here on Wednesday sent DSP Imran Babar Jamil on more two-day physical remand in the police custody in connection with a case of criminal breach of trust. The judge granted his physical remand, as the police required fur
Published 25 Mar, 2010 12:00am
D&SJ 'judicial inquiry' challenged

D&SJ 'judicial inquiry' challenged

Arrested DSP Imran Babar Jamil has challenged before the Lahore High Court the "Judicial Inquiry" held by District & Sessions Judge (D&SJ) who declared his allegations levelled against two SPs as false. The petitioner contended in his petition that the ju
Published 25 Mar, 2010 12:00am
Health experts concerned over increasing water pollution

Health experts concerned over increasing water pollution

Two million tonnes of urban excrement are produced every year and 50 percent of this ends up in the clean water. Moreover, where sewers exist, and that too often open, they are laid parallel to the drinking water pipes lines, and leakage from sewerage pip
Published 25 Mar, 2010 12:00am
Purchase of Treasury Bills: EOBI, banks settle issue

Purchase of Treasury Bills: EOBI, banks settle issue

The Employees Old Age Benefit Institution (EOBI) is said to have amicably settled with banks who claim to have executed orders for the purchase of Treasury Bills last Monday. According to informed sources, the EOBI had asked for quotes from various banks
Published 25 Mar, 2010 12:00am
Purchase of Treasury Bills: EOBI, banks settle issue

Purchase of Treasury Bills: EOBI, banks settle issue

The Employees Old Age Benefit Institution (EOBI) is said to have amicably settled with banks who claim to have executed orders for the purchase of Treasury Bills last Monday. According to informed sources, the EOBI had asked for quotes from various banks
Published 25 Mar, 2010 12:00am
Judges, lawyers must show respect to each other: CJ LHC

Judges, lawyers must show respect to each other: CJ LHC

Lahore High Court (LHC) Chief Justice Khawaja Muhammad Sharif has said that judges and lawyers must show respect to each other so that courts can dispense justice swiftly among masses. Chief Justice said this while talking to delegations of district bar a
Published 25 Mar, 2010 12:00am
Rehman Malik petition: LHC issues notice to NAB

Rehman Malik petition: LHC issues notice to NAB

A division bench of the Lahore High Court (LHC) here on Wednesday issued notice to National Accountability Bureau (NAB) for March 25 (today) in a petition filed by federal interior Rehman Malik seeking permanent exemption from personal appearance before t
Published 25 Mar, 2010 12:00am
Chief Justice seeks report from Sindh PPO in murder case

Chief Justice seeks report from Sindh PPO in murder case

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Wednesday took a suo motu notice to provide justice to a widow whose husband was killed by unknown assailants in Karachi in 2007. The Chief Justice took the notice on an application of Kalsoom Akhter
Published 25 Mar, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
Supreme Court directs PML-Q MPA to appear before court

Supreme Court directs PML-Q MPA to appear before court

The Supreme Court on Wednesday directed Punjab Assembly member of PML-Q from Faisalabad (PP-63) to appear before the court on Thursday (today) along with his academic certificates to resolve a controversy over the claim that his Madrassah degree was equiv
Published 25 Mar, 2010 12:00am
Unofficial results: PML-N rules in Gujrat; PPP grabs PF-65 slot

Unofficial results: PML-N rules in Gujrat; PPP grabs PF-65 slot

Pakistan Muslim League-N candidate Haji Imran Zafar emerged winner against PML-Q's Mian Imran Masood in a neck-to-neck battle in PP-111 constituency of Gujrat, according to the unofficial results reached here on Wednesday, a private TV channel said.
Published 25 Mar, 2010 12:00am
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