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Print - 2008-04-09
DCO changes tendering procedures

DCO changes tendering procedures

District Coordination Officer (DCO) Jhang Zubair Khurshid Bhatti has changed all tendering procedures to ensure transparency in development projects. As per details, some contractors, through applications, informed the DCO that officials of building and r
Published 09 Apr, 2008 12:00am
Qureshi says new government to improve ties with India

Qureshi says new government to improve ties with India

The new government will work to improve relations with India in key areas like trade without putting the Kashmir issue on the backburner, Foreign Minister Shah Mehmood Qureshi has said. "The Kashmir issue is on the agenda in the composite dialogue. It's o
Published 09 Apr, 2008 12:00am
Dr Dorakumbure visits SCCI

Dr Dorakumbure visits SCCI

The High Commissioner of Democratic Socialist Republic of Sri Lanka to Pakistan, Dr WB Dorakumbure has stressed the need of adopting far-reaching polices for enhancing the bilateral trade between Sri Lanka and Pakistan.
Published 09 Apr, 2008 12:00am
IHC adjourns former minister's bail plea hearing

IHC adjourns former minister's bail plea hearing

A Single Bench comprising Chief Justice of Islamabad High Court (IHC) Sardar Mohammad Aslam here on Tuesday adjourned hearing of Shahid Jamil Qureshi's, former federal minister for communication, bail plea till April 11.
Published 09 Apr, 2008 12:00am
NWFP law minister issues policy guidelines

NWFP law minister issues policy guidelines

NWFP Minister for Law and Parliamentary Affairs, Barrister Arshad Abdullah while giving policy guidelines to the authorities of his department has directed that human rights protection, elimination of child labour and creation of awareness in the public a
Published 09 Apr, 2008 12:00am
Broad based strategy for establishment of peace: Hoti

Broad based strategy for establishment of peace: Hoti

Chief Minister NWFP Amir Haider Khan Hoti has said that the provincial government was going to launch a comprehensive and broad-based strategy for establishment of durable and everlasting peace in the province.
Published 09 Apr, 2008 12:00am
Green houses for off-season vegetable farming set up

Green houses for off-season vegetable farming set up

A mega project to provide support to small-scale farmers in undertaking off-season farming by setting up green houses has been launched by Agribusiness Support Fund (ASF) which was created under the Rs 4.1 billion Agribusiness Development & Diversificatio
Published 09 Apr, 2008 12:00am
Khushhali Bank turns into public limited company

Khushhali Bank turns into public limited company

Khushhali Bank has been converted to a public limited company, incorporated with the Securities and Exchange Commission of Pakistan and licensed by the State Bank of Pakistan to operate under Microfinance Institutions Ordinance 2001 effective from April 1
Published 09 Apr, 2008 12:00am
Askari Bank introduces 'ATM Debit Card Secure' scheme

Askari Bank introduces 'ATM Debit Card Secure' scheme

Under an innovated value-added plan for its customers, the Askari Bank has provided security to its debit cardholders against theft and dacoity, says a press release. Askari Bank is the first in the history of banking to arrange such a scheme to counter t
Published 09 Apr, 2008 12:00am
KBG concerned over unethical practice of transplantation

KBG concerned over unethical practice of transplantation

The Karachi Bioethics Group (KBG) in a meeting held on Monday took serious note of several media reports which indicate that private hospitals in Lahore and Rawalpindi have resumed their unethical practice of transplantation using kidneys bought from indi
Published 09 Apr, 2008 12:00am
LTBA demands place for bar room

LTBA demands place for bar room

Lahore Tax Bar Association (LTBA) president Mohsin Nadeem has said that tax practitioners are facing problems due of lack of suitable place to be used as Bar Room.
Published 09 Apr, 2008 12:00am
Barcelona conference: Dr Naeem represents Pakistan

Barcelona conference: Dr Naeem represents Pakistan

Punjab University Registrar Professor Dr Muhammad Naeem Khan represented Pakistan in the three-day fourth international Barcelona conference on higher education titled "higher education - new challenges and emerging roles of human and social development".
Published 09 Apr, 2008 12:00am
Raisani sole candidate for Balochistan chief minister slot

Raisani sole candidate for Balochistan chief minister slot

PPPP parliamentary leader Aslam Khan Raisani filed his nomination forms, for the slot of chief minister, in the Assembly Secretariat here on Tuesday. Nine duos of parliamentarians proposed and seconded his nomination forms.
Published 09 Apr, 2008 12:00am
NWFP to take up flour crisis with Punjab

NWFP to take up flour crisis with Punjab

The NWFP government on Tuesday decided to take up the shortage of flour with high ups of the Punjab government and seek their cooperation in overcoming the crisis in the province. The provincial cabinet, in its maiden meeting, chaired by Chief Minister Am
Published 09 Apr, 2008 12:00am
SECP elected APREA's management board member

SECP elected APREA's management board member

The Securities and Exchange Commission of Pakistan (SECP) has been elected as member of the Management Board of Asian Public Real Estate Association (APREA), which helped the commission in finalising the regulatory framework of Real Estate Investment Trus
Published 09 Apr, 2008 12:00am
'PBC facing Rs 433 million deficit'

'PBC facing Rs 433 million deficit'

The Pakistan Broadcasting Corporation (PBC) is facing Rs 433 million current budget deficit, Sherry Rehman, Minister for Information and Broadcasting, said while chairing a meeting at the Ministry here on Tuesday.
Published 09 Apr, 2008 12:00am
Pemra's directive to cable operators

Pemra's directive to cable operators

Pakistan Electronic Media Regulatory Authority (Pemra) on Tuesday asked cable operators to position Pakistani satellite TV channels on first 30 frequencies as approved by the authority. There are almost 2,500 cable operators distributing pre-recorded sign
Published 09 Apr, 2008 12:00am
National Assembly session on April 10

National Assembly session on April 10

The President has summoned the National Assembly on Thursday, April 10, at 10 am. Numerically and officially speaking, the session is being termed as the fourth.
Published 09 Apr, 2008 12:00am
Summary for repealing anti-media laws being prepared: Sherry

Summary for repealing anti-media laws being prepared: Sherry

The government is in process of preparing a comprehensive summary for repealing all anti-media laws, said Federal Minister for Information and Broadcasting Sherry Rehman, at a meeting with a six-member-media delegation of France here on Tuesday.
Published 09 Apr, 2008 12:00am
Efforts on to implement Wage Board award for journalists

Efforts on to implement Wage Board award for journalists

The new government has decided to constitute a tripartite commission, comprising government representatives, newspapers owners and journalist unions to find out amicable ways to implement the long -disputed Wage Board Award, official sources told Busin
Published 09 Apr, 2008 12:00am
General Tariq calls on Mukhtar

General Tariq calls on Mukhtar

Defence Minister, Chaudhry Ahmed Mukhtar has said that government would meet every requirement of its armed forces to make defence of the country impregnable. "We will fulfil defence needs of the country on priority basis to keep the frontiers safe and se
Published 09 Apr, 2008 12:00am
CJCSC calls on Musharraf

CJCSC calls on Musharraf

Chairman Joint Chiefs of Staff Committee General Tariq Majeed on Tuesday called on President Pervez Musharraf. During the course of meeting, the President said that all efforts are being made by the government for ensuring that all professional requiremen
Published 09 Apr, 2008 12:00am
Pakistan, France to boost military ties

Pakistan, France to boost military ties

Pakistan and France have agreed to accelerate military co-operation between the two countries and offered military courses and training assistance for all the three organs of defence.
Published 09 Apr, 2008 12:00am
Call to expedite brick-lining of watercourses

Call to expedite brick-lining of watercourses

DCO Muzaffargarh Dr Akhter Nazir Warriach, while terming the brick-lining of watercourses a milestone initiative, has directed concerned officials to expedite the pace of work to ensure earliest relief to farmers. He was addressing a meeting here to revie
Published 09 Apr, 2008 12:00am
'Consumers Court' starts functioning in Multan

'Consumers Court' starts functioning in Multan

'Consumers Court' has started functioning here in Multan and complaints regarding substandard materials, misleading advertisements, adulterated eatables, unhygienic drinks and food items, and overcharging prices are being entertained under Punjab Consumer
Published 09 Apr, 2008 12:00am
Wheat quota of over 70 flour mills suspended

Wheat quota of over 70 flour mills suspended

The Punjab Food Department has suspended the wheat quota for more than 70 flourmills in the province after being found guilty of irregularities. A department spokesman said on Tuesday that this action came after the flour men were found guilty of smugglin
Published 09 Apr, 2008 12:00am
1.29 million children vaccinated in Jhang

1.29 million children vaccinated in Jhang

As many as 1.29 million children were vaccinated in the district of Jhang during the anti-measles campaign, said Health Executive District Officer (EDO), Dr Muhammad Ashraf Javed.
Published 09 Apr, 2008 12:00am
The Weather

The Weather

The weather report on Tuesday (April 08, 2008) and the forecast for Wednesday (April 09, 2008).
Published 09 Apr, 2008 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 09 Apr, 2008 12:00am
Robert Clark meets Punjab IG

Robert Clark meets Punjab IG

United States Anti-terrorist Assistance Programme Manager Robert Clark on Tuesday met Punjab Police Inspector General Dr Syed Azhar Hassan Nadeem and discussed various matters regarding training of the police officials to cope with the incidents of terror
Published 09 Apr, 2008 12:00am
ADB launches 'Strategy 2020'

ADB launches 'Strategy 2020'

The Asian Development Bank (ADB) has launched 'Strategy 2020', a new long-term strategy for its vision of Asia and Pacific region free of poverty. To fight poverty in the region of more than 600 million poor people surviving on $1 a day, 'Strategy 2020' w
Published 09 Apr, 2008 12:00am
GCU to hold re-union of Old Ravians of 1960s

GCU to hold re-union of Old Ravians of 1960s

GC University (GCU), Lahore, enjoys special privilege of having luminaries from all walks of life and strong set of golden traditions and produced five prime ministers, including Feroze Khan Noon, Zafarullah Khan Jamali, Moeen Qureshi, Mian Nawaz Sharif a
Published 09 Apr, 2008 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Two-day NIHCR moot inaugurated

Two-day NIHCR moot inaugurated

The Director of the National Institute of Historical and Cultural Research (NIHCR), Dr Khurram Qadir has said that the two-day conference on "Leaders of Pakistan Movement" was an orientation for inter-provincial relationship and the contribution of provin
Published 09 Apr, 2008 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (April 08, 2008) and for Wednesday (April 09, 2008).
Published 09 Apr, 2008 12:00am
Benazir's book wins high praise in New York Times review

Benazir's book wins high praise in New York Times review

A prominent American journalist has highly praised former prime minister Benazir Bhutto's posthumous book, saying it contains the "best-written and most persuasive modern interpretation of Islam".
Published 09 Apr, 2008 12:00am
Photographic exhibition

Photographic exhibition

Photographic exhibition of Cartier, Maubboussin, Van Cleef and Arpel, four French famous designers, will open at the French Cultural Centre (Alliance Francais) on Wednesday (tomorrow) evening. 'Jewels of Indian Princes' will be the theme of the exhibition
Published 09 Apr, 2008 12:00am
Country produces bananas worth Rs one billion

Country produces bananas worth Rs one billion

Pakistan Horticulture Foundation (PHF) is organising a three-day national conference on Tuesday to streamline how to improve production of bananas and their export quality to capture international market share as much as possible.
Published 09 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
'Government should make legislation for consumer protection policies'

'Government should make legislation for consumer protection policies'

People throughout the country face imbalances in terms of health conditions, economic prosperity, educational attainment, quality standards, distribution of goods and services, which remain away from attaining the United Nations Guidelines for Consumer Pr
Published 09 Apr, 2008 12:00am
Luxurious lifestyle: FBR starts probe against customs official

Luxurious lifestyle: FBR starts probe against customs official

The Federal Board of Revenue (FBR) has started investigation against a senior customs official of Model Customs Collectorate (MCC), Lahore for concealing banks accounts, membership of a luxurious club, cash gifts in millions and expensive property.
Published 09 Apr, 2008 12:00am
Telenor Pakistan selects Acision for dramatic growth

Telenor Pakistan selects Acision for dramatic growth

Messaging, charging and usage monitoring to help improve customer experience Acision, the messaging and charging company of choice for over 300 network operators and service providers, announced today that Telenor Pakistan has selected Acision to provide
Published 09 Apr, 2008 12:00am
THE RUPEE: dollar near 63 on interbank market

THE RUPEE: dollar near 63 on interbank market

All round decline was seen on the currency market on Tuesday as dollar buying increased to meet the payment requirement, dealers said. The dollar is heading to touch an important mark versus the rupee at 63.00, they said and adding the rupee drifted lower
Published 09 Apr, 2008 12:00am
PRC shows Rs 3,726 million profit in 2007

PRC shows Rs 3,726 million profit in 2007

Rukhsana Salim, Chairperson of Pakistan Reinsurance Company Limited has said that the tremendous increase in company's earnings of over Rs 3,726.959 million in 2007 against Rs 671.843 million earned in 2006 was mainly due to teamwork and better planning.
Published 09 Apr, 2008 12:00am
THE RUPEE: dollar near 63 on interbank market

THE RUPEE: dollar near 63 on interbank market

All round decline was seen on the currency market on Tuesday as dollar buying increased to meet the payment requirement, dealers said. The dollar is heading to touch an important mark versus the rupee at 63.00, they said and adding the rupee drifted lower
Published 09 Apr, 2008 12:00am
PRC shows Rs 3,726 million profit in 2007

PRC shows Rs 3,726 million profit in 2007

Rukhsana Salim, Chairperson of Pakistan Reinsurance Company Limited has said that the tremendous increase in company's earnings of over Rs 3,726.959 million in 2007 against Rs 671.843 million earned in 2006 was mainly due to teamwork and better planning.
Published 09 Apr, 2008 12:00am
New government to abolish 'extensions culture'

New government to abolish 'extensions culture'

The new Pakistan People's Party (PPP) led government in Sindh would abolish the culture of giving extensions in services to give the younger generation an opportunity to serve the country.
Published 09 Apr, 2008 12:00am
Arbab's manhandling termed shameful, condemnable act

Arbab's manhandling termed shameful, condemnable act

Opposition leader in the National Assembly Chaudhry Pervaiz Elahi has described the manhandling of former Sindh chief minister and the PML-Q leader Dr Arbab Ghulam Rahim by the PPP activists as the worst and shameful act in the country's parliamentary his
Published 09 Apr, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Manhandling of Dr Arbab Rahim: opposition parties seek apology from PPP

Manhandling of Dr Arbab Rahim: opposition parties seek apology from PPP

The Pakistan Muslim League-Quaid (PML-Q), President, Chaudhry Shujaat Hussain has said that the reconciliation process among political parties could only be resumed if the PPP accepting the responsibility of manhandling of Dr Arbab Ghulam Rahim makes an a
Published 09 Apr, 2008 12:00am
481 employees of CAA promoted

481 employees of CAA promoted

In a move to upgrade the employees working in lower grades, the Civil Aviation Authority (CAA) has promoted 481 employees ranging from Pay Group 1 to Pay Group 5 all across Pakistan. This decision is in line with the Director General, Civil Aviation Autho
Published 09 Apr, 2008 12:00am
Manhandling of Arbab: MQM and PML-Q ask PPP to assume responsibility

Manhandling of Arbab: MQM and PML-Q ask PPP to assume responsibility

Demanding stern action against the culprits Pakistan Muslim League-Q (PML-Q) and Muttahida Quami Movement (MQM) has asked the Pakistan People's Party to assume responsibility of the "shameful" incident of manhandling of Dr Arbab Ghulam Rahim at Sindh Asse
Published 09 Apr, 2008 12:00am
Farewell to Mukhtar Gondal

Farewell to Mukhtar Gondal

The Pakistan Taxation Club, Karachi organised a gathering on April 5, 2008 to bid farewell to the former director general Large Taxpayers' Unit, Karachi, Mukhtar Ahmed Gondal upon his retirement. Siraj Saleem Shamsuddin, Principal Secretary to the Prime M
Published 09 Apr, 2008 12:00am
Qaim sworn in as new Sindh chief minister

Qaim sworn in as new Sindh chief minister

Sindh Governor Dr Ishratul Ibad Khan administered oath of the office of Chief Minister of Sindh to Qaim Ali Shah at an impressive ceremony held on the lawns of Governor House on Tuesday.
Published 09 Apr, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Apr, 2008 12:00am
Sindh Assembly shields

Sindh Assembly shields

The outgoing speaker, Syed Muzaffar Hussain Shah on Monday awarded the Sindh Assembly shields to Syed Sardar Ahmed, MPA/Parliamentary Leader of MQM, Arif Ali Khan Jatoi MPA, Hadi Bux Buriro, secretary, provincial assembly, Sindh, Habib Khan Ghori, best En
Published 09 Apr, 2008 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Apr, 2008 12:00am
Rice export to India may jeopardise Pakistani market

Rice export to India may jeopardise Pakistani market

Indian government decision to ban export of non-basmati rice and duty-free import into the country has adversely affected world rice market as prices of rice have soared in many rice exporting countries.
Published 09 Apr, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Apr, 2008 12:00am
Awareness drive against violence on women

Awareness drive against violence on women

The White Ribbon campaign on Tuesday showcased its work done to fight violence against women in collaboration with the Beaconhouse University.
Published 09 Apr, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (April 08, 2008).

Published 09 Apr, 2008 12:00am
Badar Express: OGM ordered to finish unnecessary stopovers

Badar Express: OGM ordered to finish unnecessary stopovers

Federal Minister for Pakistan Railways, Mehtab Ahmad Khan Abbasi, has ordered Operation General Manager, Asad Saeed, to finish unnecessary stopovers to make the service of Badar Express non-stop and fast between Lahore and Shore-court.
Published 09 Apr, 2008 12:00am
Milk to be sold at Rs 34 per litre: Kamal

Milk to be sold at Rs 34 per litre: Kamal

City Nazim Karachi Syed Mustafa Kamal on Tuesday said that due to prompt actions by the city administration the milk is now available at the cheaper price of Rs 34 per litre instead of Rs 42. Talking to media, he said there were only a few people engaged
Published 09 Apr, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Apr, 2008 12:00am
South Asian Tax Summit from April 15

South Asian Tax Summit from April 15

Income Tax Bar Association Karachi (ITBAK) and Nutshell Forum will organise South Asian Tax Summit at a local hotel on April 15 and 16. Prominent tax professionals from all the Saarc countries will read papers during the different sessions of two day Sout
Published 09 Apr, 2008 12:00am
Customs values on air-conditioners import revised

Customs values on air-conditioners import revised

The Directorate General of Customs Valuation, Custom House, Karachi, has revised customs values on the import of split type air conditioners from China, Far East countries excluding Japan for accurate assessment of customs duty.
Published 09 Apr, 2008 12:00am
Exchange of business team can boost bilateral trade

Exchange of business team can boost bilateral trade

Pakistan's exports are under tremendous pressure at the moment and it could be eased out if expatriate Pakistanis living in the United Kingdom come forward and join hands with their Pakistani counterparts. This was stated by LCCI President Mohammad Ali Mi
Published 09 Apr, 2008 12:00am
Major reshuffle in Punjab bureaucracy

Major reshuffle in Punjab bureaucracy

The Punjab government has replaced Punjab Home Secretary on Tuesday, which is part of the current reshuffling of the Punjab bureaucracy. An official at the Punjab Civil Secretariat said Small Industries Corporation Managing Director Nadeem Hassan Asif had
Published 09 Apr, 2008 12:00am
Swearing-in of 353 Punjab MPAs-elect today

Swearing-in of 353 Punjab MPAs-elect today

A total of 353 legislators, elected to Punjab Assembly in the polls held on February 18, would take oath here on Wednesday. Speaker of the previous assembly Muhammad Afzal Sahi will administer the oath to the legislators. The total strength of Punjab Asse
Published 09 Apr, 2008 12:00am
Hindu worker beaten to death for 'blasphemy'

Hindu worker beaten to death for 'blasphemy'

Dozens of workers at a factory in Karachi beat to death a Hindu colleague on Tuesday for alleged blasphemy, officials said. Jagdish Kumar, 27, was tortured and killed at the leather factory in Karachi for allegedly making derogatory remarks about the Prop
Published 09 Apr, 2008 12:00am
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