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Archive - 2007-06-16
US gold finishes up

US gold finishes up

US gold futures ended higher on Thursday, taking direction from a jump in crude oil prices and helped by renewed physical buying, analysts said. "Largely it was higher oil prices, but US Treasuries came down a little bit, too. And I think the combination
Published 16 Jun, 2007 12:00am
US copper futures extend overnight gains

US copper futures extend overnight gains

US copper futures extended the prior session's gains early Thursday, rising nearly 3 percent, as firm technicals and threatened strike action underpinned the advance, traders said.
Published 16 Jun, 2007 12:00am
Asian physical rubber prices

Asian physical rubber prices

Asian physical rubber prices were quoted a little higher on Thursday, tracking a small rise in the Tokyo Commodity Exchange. Traders said more buyers were in the market, including China, the world's biggest rubber purchaser, for Thai RSS3 at around $2.22
Published 16 Jun, 2007 12:00am
MGE wheat higher

MGE wheat higher

Spring wheat futures at the Minneapolis Grain Exchange closed higher on Thursday, climbing to new contract and 11-year highs as the Chicago and Kansas City wheat markets soared, traders said. July spring wheat ended up 7 cents at $5.88 per bushel after re
Published 16 Jun, 2007 12:00am
July-May remittances reach record high

July-May remittances reach record high

The remittances from overseas Pakistanis' reached a record level of $4.988 billion during eleven months (July-May) of the current fiscal year (2006-07) showing an increase of $851.85 million, or 20.59 percent, over $4.136 billion of the corresponding peri
Published 16 Jun, 2007 12:00am
New York cocoa soars

New York cocoa soars

US cocoa futures surged 3.6 percent to close at a fresh 2-1/2-week high on Thursday, on a technical bounce and on support from London's strong market, uncontested by origin selling, traders said.
Published 16 Jun, 2007 12:00am
July-May remittances reach record high

July-May remittances reach record high

The remittances from overseas Pakistanis' reached a record level of $4.988 billion during eleven months (July-May) of the current fiscal year (2006-07) showing an increase of $851.85 million, or 20.59 percent, over $4.136 billion of the corresponding peri
Published 16 Jun, 2007 12:00am
New York coffee mostly lower

New York coffee mostly lower

US arabica coffee finished mostly lower on Thursday, on pressure from the robusta market while position rolling ahead of the front month's first notice day June 21 accounted for about 70 percent of the session's volume, traders said.
Published 16 Jun, 2007 12:00am
July-May remittances reach record high

July-May remittances reach record high

The remittances from overseas Pakistanis'' reached a record level of $4.988 billion during eleven months (July-May) of the current fiscal year (2006-07) showing an increase of $851.85 million, or 20.59 percent, over $4.136 billion of the corresponding per
Published 16 Jun, 2007 12:00am
Indonesian palm oil prices higher

Indonesian palm oil prices higher

Indonesian palm oil prices rose on Friday lifted by gains in Malaysia's palm oil futures ahead of a government decision to raise crude palm oil export taxes.
Published 16 Jun, 2007 12:00am
Duty-free import of computer monitors allowed

Duty-free import of computer monitors allowed

In a major move to facilitate the computer industry, the Central Board of Revenue (CBR) has allowed duty free import of computer monitors to clear consignments stuck up at the Karachi port.
Published 16 Jun, 2007 12:00am
Lacklustre trade on grain market

Lacklustre trade on grain market

More or less all the commodity items maintained overnight levels in process of trading, dealers said on Friday. Particularly rice and seeds sectors remained static as main participants were busy in Juma prayers, dealers said.
Published 16 Jun, 2007 12:00am
Duty-free import of computer monitors allowed

Duty-free import of computer monitors allowed

In a major move to facilitate the computer industry, the Central Board of Revenue (CBR) has allowed duty free import of computer monitors to clear consignments stuck up at the Karachi port.
Published 16 Jun, 2007 12:00am
Firm trend prevails on cotton market

Firm trend prevails on cotton market

Firmer trend was witnessed on the cotton market on Friday as main participants were on the sidelined due to absence of guiding factors, dealers said The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they added.
Published 16 Jun, 2007 12:00am
Duty-free import of computer monitors allowed

Duty-free import of computer monitors allowed

In a major move to facilitate the computer industry, the Central Board of Revenue (CBR) has allowed duty free import of computer monitors to clear consignments stuck up at the Karachi port.
Published 16 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida did not show any change while the December contract maintained the upward trend for the second consecutive day on the forward cottonseed oilcake market on Friday, dealers said. The July vaida opened at the overnight level at Rs 650.00 and m
Published 16 Jun, 2007 12:00am
New oil pricing formula likely from July 1

New oil pricing formula likely from July 1

The new oil pricing formula based on Singapore model is likely to replace existing Caltex-Bahrain formula from July 1. Caltex-Bahrain oil pricing formula is in practice in Middle East (ME) and Pakistan fixes prices of petroleum on its basis since 1967.
Published 16 Jun, 2007 12:00am
CBOT wheat futures soar

CBOT wheat futures soar

Wheat futures at the Chicago Board of Trade soared to 11-year highs above $6 per bushel Thursday on concerns about US harvest delays, tight world supplies and technical momentum, traders said. The market hit contract highs for a fourth straight day, with
Published 16 Jun, 2007 12:00am
New oil pricing formula likely from July 1

New oil pricing formula likely from July 1

The new oil pricing formula based on Singapore model is likely to replace existing Caltex-Bahrain formula from July 1. Caltex-Bahrain oil pricing formula is in practice in Middle East (ME) and Pakistan fixes prices of petroleum on its basis since 1967.
Published 16 Jun, 2007 12:00am
US Plains HRW wheat steady

US Plains HRW wheat steady

US Plains hard red winter wheat basis bids were mostly steady Friday with sporadic harvesting and sky-high futures prices the focus of farmers and millers alike. The Gulf basis dropped 2 cents a bushel, but otherwise bids were flat as merchants and trader
Published 16 Jun, 2007 12:00am
New oil pricing formula likely from July 1

New oil pricing formula likely from July 1

The new oil pricing formula based on Singapore model is likely to replace existing Caltex-Bahrain formula from July 1. Caltex-Bahrain oil pricing formula is in practice in Middle East (ME) and Pakistan fixes prices of petroleum on its basis since 1967.
Published 16 Jun, 2007 12:00am
French maize at highs after rise in wheat

French maize at highs after rise in wheat

French maize futures jumped to historic highs on Friday following the surge in French wheat futures and a rise in US corn futures to three-month highs on concerns about dry weather in the US Midwest.
Published 16 Jun, 2007 12:00am
'Financial statements of BeemaPak company unsatisfactory'

'Financial statements of BeemaPak company unsatisfactory'

The Securities and Exchange Commission of Pakistan (SECP) has been informed that the financial statements of Beema Pakistan Company Limited for the year ended December 31, 2006 do not reflect true and fair view of the affairs of the company.
Published 16 Jun, 2007 12:00am
Egypt cancels wheat tender

Egypt cancels wheat tender

The Egyptian state wheat buyer said on Friday it had cancelled a tender for US, French, Australian, German, Argentine, Kazakh, Russian, British or Syrian wheat.
Published 16 Jun, 2007 12:00am
Rs 50 billion allocated to Sindh ADP

Rs 50 billion allocated to Sindh ADP

Sindh government has allocated Rs 50 billion for Annual Development Plan (ADP) for the fiscal year 2007-08, registering an increase of 49 percent over current year's revised estimates of Rs 35 billion.
Published 16 Jun, 2007 12:00am
US Midwest corn weak, soyabean steady

US Midwest corn weak, soyabean steady

Spot basis bids for corn weakened at interior locations around the US Midwest on Thursday, while soyabean bids were mostly steady, grain dealers said. Along rivers, cash bids for both corn and soyabeans were higher.
Published 16 Jun, 2007 12:00am
US provides $200 million support to PSDP

US provides $200 million support to PSDP

The United States would provide another instalment of 200 million dollars (Rs 12.4 billion) as direct budget support to Pakistan's federal Public Sector Development Programme (PSDP) for the 2007-08 financial year.
Published 16 Jun, 2007 12:00am
WCE canola futures higher

WCE canola futures higher

Winnipeg Commodity Exchange canola futures ended higher on Thursday amid gains in US soy markets and crusher buying, traders said. Canola ended $1.90 to $6.10 per tonne higher, with July up $2.40 at $380.90 and November up $2.80 at $400.20.
Published 16 Jun, 2007 12:00am
US provides $200 million support to PSDP

US provides $200 million support to PSDP

The United States would provide another instalment of 200 million dollars (Rs 12.4 billion) as direct budget support to Pakistan's federal Public Sector Development Programme (PSDP) for the 2007-08 financial year.
Published 16 Jun, 2007 12:00am
Corn rallies to three-month high

Corn rallies to three-month high

Corn futures at the Chicago Board of Trade rallied to a 3 month high on Thursday amid persistent concerns about dry weather in the eastern US Midwest crop region, traders said.
Published 16 Jun, 2007 12:00am
US provides $200 million support to PSDP

US provides $200 million support to PSDP

The United States would provide another instalment of 200 million dollars (Rs 12.4 billion) as direct budget support to Pakistan''s federal Public Sector Development Programme (PSDP) for the 2007-08 financial year.
Published 16 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 72,126 tonnes cargo including 34,934 tonnes import, 37,192 tonnes export cargo and 2,616 containers (TEUs) during last 24 hours ending at 0700 hours on Friday.
Published 16 Jun, 2007 12:00am
Rs 236.222 billion tax-free, deficit Sindh budget presented

Rs 236.222 billion tax-free, deficit Sindh budget presented

Sindh Senior Minister Syed Sardar Ahmed presented a Rs 236.222 billion tax-free budget for financial year 2007-08 in the Sindh Assembly on Friday, with an estimated deficit of Rs 12.341 billion. The budget is around Rs 32.457 billion higher than the curre
Published 16 Jun, 2007 12:00am
National spirit, the prerequisite for country's progress

National spirit, the prerequisite for country's progress

To achieve any goal in any field, what is of utmost importance is practical endeavour, without which dreaming of achieving any goal is meaningless. The main work force needs an allied subsidiary work force to provide aid and tools which enable the main wo
Published 16 Jun, 2007 12:00am
Rs 236.222 billion tax-free, deficit Sindh budget presented

Rs 236.222 billion tax-free, deficit Sindh budget presented

Sindh Senior Minister Syed Sardar Ahmed presented a Rs 236.222 billion tax-free budget for financial year 2007-08 in the Sindh Assembly on Friday, with an estimated deficit of Rs 12.341 billion. The budget is around Rs 32.457 billion higher than the curre
Published 16 Jun, 2007 12:00am
KARACHI CHRONICLE: Here comes the budget

KARACHI CHRONICLE: Here comes the budget

Come June, and I look forward to the annual budget announcement with the same impatientience as I used to await the arrival of a circus in town. I love acrobatics.
Published 16 Jun, 2007 12:00am
Rs 236.222 billion tax-free, deficit Sindh budget presented

Rs 236.222 billion tax-free, deficit Sindh budget presented

Sindh Senior Minister Syed Sardar Ahmed presented a Rs 236.222 billion tax-free budget for financial year 2007-08 in the Sindh Assembly on Friday, with an estimated deficit of Rs 12.341 billion. The budget is around Rs 32.457 billion higher than the curre
Published 16 Jun, 2007 12:00am
Muslims in Ladakh, the 'magic land'

Muslims in Ladakh, the 'magic land'

The Land of Ladakh has been a cradle of Islam for centuries and the valleys and the mountains of the region have been resounding with the echo of Azaan.
Published 16 Jun, 2007 12:00am
Rs 236.222 billion tax-free, deficit Sindh budget presented

Rs 236.222 billion tax-free, deficit Sindh budget presented

Sindh Senior Minister Syed Sardar Ahmed presented a Rs 236.222 billion tax-free budget for financial year 2007-08 in the Sindh Assembly on Friday, with an estimated deficit of Rs 12.341 billion. The budget is around Rs 32.457 billion higher than the curre
Published 16 Jun, 2007 12:00am
LITERARY NOTES: On the importance of 1857

LITERARY NOTES: On the importance of 1857

It is heartening to note that academic institutes and universities are growing cognisant of the cultural development and career building of their students.
Published 16 Jun, 2007 12:00am
Hotel room bed tax raised

Hotel room bed tax raised

The Sindh government has announced to raise hotels' bed tax by 10 percent from the next fiscal. Sindh Senior Minister Syed Sardar Ahmed presenting next fiscal year 2007-08 budget in Sindh Assembly on Friday said that in the view of booming hotel industry
Published 16 Jun, 2007 12:00am
CAPITAL CULTURAL SCENE: Smiling images of Pakistan

CAPITAL CULTURAL SCENE: Smiling images of Pakistan

An enchanting display of smiling images of Pakistan, created by eminent French artist Didier Randot, have been on display at the Alliance Francaise. The French ambassador Regis de Belenet inaugurated the exhibition on June 6.
Published 16 Jun, 2007 12:00am
Hotel room bed tax raised

Hotel room bed tax raised

The Sindh government has announced to raise hotels' bed tax by 10 percent from the next fiscal. Sindh Senior Minister Syed Sardar Ahmed presenting next fiscal year 2007-08 budget in Sindh Assembly on Friday said that in the view of booming hotel industry
Published 16 Jun, 2007 12:00am
BOOK REVIEW: Keats introduced to Urdu readers

BOOK REVIEW: Keats introduced to Urdu readers

The blind Professor Dr Sheikh Muhammad Iqbal has convincingly proved that physical handicap, especially the loss of sight, is no bar to the learning process of a determined individual, who can even excel beyond his normal contemporaries.
Published 16 Jun, 2007 12:00am
Hotel room bed tax raised

Hotel room bed tax raised

The Sindh government has announced to raise hotels'' bed tax by 10 percent from the next fiscal. Sindh Senior Minister Syed Sardar Ahmed presenting next fiscal year 2007-08 budget in Sindh Assembly on Friday said that in the view of booming hotel industry
Published 16 Jun, 2007 12:00am
Ustad Tafo has no rival in Pakistan

Ustad Tafo has no rival in Pakistan

In recent months, the Lahore Arts Council, in addition to sponsoring other cultural activities, has focused on highlighting the lives and achievements of Pakistani musicians, directly or indirectly. It offers its facilities to art promoting cultural organ
Published 16 Jun, 2007 12:00am
Hotel room bed tax raised

Hotel room bed tax raised

The Sindh government has announced to raise hotels'''' bed tax by 10 percent from the next fiscal. Sindh Senior Minister Syed Sardar Ahmed presenting next fiscal year 2007-08 budget in Sindh Assembly on Friday said that in the view of booming hotel indust
Published 16 Jun, 2007 12:00am
LAHORE CULTURAL DIARY: few cultural events due to several impediments

LAHORE CULTURAL DIARY: few cultural events due to several impediments

Three exhibitions of paintings and a bi-national Pakistan-India poetic symposium were the main highlights of cultural activities in Lahore, which were hampered by a number of natural and the unnatural impediments - the ongoing agitation of lawyers and the
Published 16 Jun, 2007 12:00am
Hotel room bed tax raised

Hotel room bed tax raised

The Sindh government has announced to raise hotels'''''''' bed tax by 10 percent from the next fiscal. Sindh Senior Minister Syed Sardar Ahmed presenting next fiscal year 2007-08 budget in Sindh Assembly on Friday said that in the view of booming hotel in
Published 16 Jun, 2007 12:00am
Authorised dealers allowed to raise foreign currency loan

Authorised dealers allowed to raise foreign currency loan

The State Bank of Pakistan (SBP) has decided to allow authorised dealers (ADs) to raise foreign currency (FCY) borrowing from international financial institutions for converting into Pak rupee (PKR) and using the same (PKR) for liquidity management.
Published 16 Jun, 2007 12:00am
Authorised dealers allowed to raise foreign currency loan

Authorised dealers allowed to raise foreign currency loan

The State Bank of Pakistan (SBP) has decided to allow authorised dealers (ADs) to raise foreign currency (FCY) borrowing from international financial institutions for converting into Pak rupee (PKR) and using the same (PKR) for liquidity management.
Published 16 Jun, 2007 12:00am
BRIDGE NOTES: World wide bridge - Pakistani player in reckoning

BRIDGE NOTES: World wide bridge - Pakistani player in reckoning

The world bridge contest has come to stay as a movement to promote peace and understanding among nations on global scale. After the multinational corporations relinquished their sponsorship of this international event one after the other, the World Bridge
Published 16 Jun, 2007 12:00am
Authorised dealers allowed to raise foreign currency loan

Authorised dealers allowed to raise foreign currency loan

The State Bank of Pakistan (SBP) has decided to allow authorised dealers (ADs) to raise foreign currency (FCY) borrowing from international financial institutions for converting into Pak rupee (PKR) and using the same (PKR) for liquidity management.
Published 16 Jun, 2007 12:00am
Sindh government annoys Wapda

Sindh government annoys Wapda

Sindh government has irritated Wapda by giving reference of a 'fake' directive of the Minister for Water and Power Liaquat Ali Jatoi just to seek a waiver on an amount of Rs 306 million that it owes to the water and power authority as outstanding dues, of
Published 16 Jun, 2007 12:00am
Sindh government annoys Wapda

Sindh government annoys Wapda

Sindh government has irritated Wapda by giving reference of a 'fake' directive of the Minister for Water and Power Liaquat Ali Jatoi just to seek a waiver on an amount of Rs 306 million that it owes to the water and power authority as outstanding dues, of
Published 16 Jun, 2007 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Jun, 2007 12:00am
Sindh government annoys Wapda

Sindh government annoys Wapda

Sindh government has irritated Wapda by giving reference of a ''fake'' directive of the Minister for Water and Power Liaquat Ali Jatoi just to seek a waiver on an amount of Rs 306 million that it owes to the water and power authority as outstanding dues,
Published 16 Jun, 2007 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 16 Jun, 2007 12:00am
KSE-100 index loses 23.99 points

KSE-100 index loses 23.99 points

The Karachi share market on Friday started on a positive note and the KSE-100 index hit 13,517.61 points intra-day high. However, selling pressure, mainly in banking and cement sectors, pushed the index down in the negative zone and, at one time it reache
Published 16 Jun, 2007 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
KSE-100 index loses 23.99 points

KSE-100 index loses 23.99 points

The Karachi share market on Friday started on a positive note and the KSE-100 index hit 13,517.61 points intra-day high. However, selling pressure, mainly in banking and cement sectors, pushed the index down in the negative zone and, at one time it reache
Published 16 Jun, 2007 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
KSE-100 index loses 23.99 points

KSE-100 index loses 23.99 points

The Karachi share market on Friday started on a positive note and the KSE-100 index hit 13,517.61 points intra-day high. However, selling pressure, mainly in banking and cement sectors, pushed the index down in the negative zone and, at one time it reache
Published 16 Jun, 2007 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
SBP eases agriculture credit data inflow system

SBP eases agriculture credit data inflow system

The State Bank of Pakistan (SBP) has decided to discontinue the existing twenty three (23) returns as against the newly proposed ten returns that will cater to all the existing needs of agricultural credit data.
Published 16 Jun, 2007 12:00am
SBP eases agriculture credit data inflow system

SBP eases agriculture credit data inflow system

The State Bank of Pakistan (SBP) has decided to discontinue the existing twenty three (23) returns as against the newly proposed ten returns that will cater to all the existing needs of agricultural credit data.
Published 16 Jun, 2007 12:00am
SBP eases agriculture credit data inflow system

SBP eases agriculture credit data inflow system

The State Bank of Pakistan (SBP) has decided to discontinue the existing twenty three (23) returns as against the newly proposed ten returns that will cater to all the existing needs of agricultural credit data.
Published 16 Jun, 2007 12:00am
BRIndex30 sheds 123.26 points

BRIndex30 sheds 123.26 points

On Friday, BRIndex30 opened in the positive zone at 15,141.28. It closed at 14,991.66 with a net negative change of -123.26 points or percentage change of -0.82. It saw intra-day high of 15,166.44 and intra-day low of 14,819.64. The volume amounted to 171
Published 16 Jun, 2007 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
BRIndex30 sheds 123.26 points

BRIndex30 sheds 123.26 points

On Friday, BRIndex30 opened in the positive zone at 15,141.28. It closed at 14,991.66 with a net negative change of -123.26 points or percentage change of -0.82. It saw intra-day high of 15,166.44 and intra-day low of 14,819.64. The volume amounted to 171
Published 16 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 15, 2007).
Published 16 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Net government borrowing from SBP gone negative

Net government borrowing from SBP gone negative

The government borrowing from the central bank for budgetary purpose and central bank's own refinance schemes are two major factors which push up reserve money (RM) which, given the money multiplier, then multiplies money balances or liquidity in the econ
Published 16 Jun, 2007 12:00am
Net government borrowing from SBP gone negative

Net government borrowing from SBP gone negative

The government borrowing from the central bank for budgetary purpose and central bank's own refinance schemes are two major factors which push up reserve money (RM) which, given the money multiplier, then multiplies money balances or liquidity in the econ
Published 16 Jun, 2007 12:00am
Net government borrowing from SBP gone negative

Net government borrowing from SBP gone negative

The government borrowing from the central bank for budgetary purpose and central bank''s own refinance schemes are two major factors which push up reserve money (RM) which, given the money multiplier, then multiplies money balances or liquidity in the eco
Published 16 Jun, 2007 12:00am
Interest rates, rupee to remain stable: Salman

Interest rates, rupee to remain stable: Salman

Adviser to Prime Minister on Finance Dr Salman Shah observed that both interest rates and rupee value would remain stable at the current level, while it was imperative for Pakistan to sustain economic growth at seven percent.
Published 16 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Lahore stocks depressed

Lahore stocks depressed

Share values were depressed on Lahore Stock Exchange (LSE) on last trading day of the week, and the market ended with an easy note because of what the analysts said a 'technical correction' emerging a day back.
Published 16 Jun, 2007 12:00am
Lahore stocks depressed

Lahore stocks depressed

Share values were depressed on Lahore Stock Exchange (LSE) on last trading day of the week, and the market ended with an easy note because of what the analysts said a 'technical correction' emerging a day back.
Published 16 Jun, 2007 12:00am
ISE index down 0.63 points

ISE index down 0.63 points

Bears remained in the front seat at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in trend-setters under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 0.63 points as the index moved from 2,723.56 to 2,
Published 16 Jun, 2007 12:00am
ISE index down 0.63 points

ISE index down 0.63 points

Bears remained in the front seat at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in trend-setters under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 0.63 points as the index moved from 2,723.56 to 2,
Published 16 Jun, 2007 12:00am
US trade chief eyes dramatic progress in WTO talks

US trade chief eyes dramatic progress in WTO talks

Months of behind-the-scenes work could lead to dramatic progress in world trade talks next week when top trade officials from the United States, European Union, Brazil and India meet in Potsdam, Germany, the chief US negotiator said on Thursday.
Published 16 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Bancrofts reject lawyers' WSJ safeguard plan

Bancrofts reject lawyers' WSJ safeguard plan

The Bancroft family that controls Wall Street Journal publisher Dow Jones & Co has rejected its own lawyers' draft of a plan to protect the paper's independence as too timid, according to the New York Times.
Published 16 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Commodity financing accounts for 60 percent of incremental money supply

Commodity financing accounts for 60 percent of incremental money supply

According to the latest data on monetary profiling of the country, released by the State Bank on May 29, other things assuming constant, commodity financing contributed nearly 60 percent of the additional money supply pumped into the economy during last t
Published 16 Jun, 2007 12:00am
Commodity financing accounts for 60 percent of incremental money supply

Commodity financing accounts for 60 percent of incremental money supply

According to the latest data on monetary profiling of the country, released by the State Bank on May 29, other things assuming constant, commodity financing contributed nearly 60 percent of the additional money supply pumped into the economy during last t
Published 16 Jun, 2007 12:00am
Commodity financing accounts for 60 percent of incremental money supply

Commodity financing accounts for 60 percent of incremental money supply

According to the latest data on monetary profiling of the country, released by the State Bank on May 29, other things assuming constant, commodity financing contributed nearly 60 percent of the additional money supply pumped into the economy during last t
Published 16 Jun, 2007 12:00am
PBA to adopt voluntary code of conduct

PBA to adopt voluntary code of conduct

Secretary General, Pakistan Broadcasters Association (PBA), Arshad A. Zuberi has said that PBA plans to adopt a voluntary code of conduct, issue guidelines for broadcasters and propose amendment in the Pemra Ordinance 2002 to conform to democratic norms.
Published 16 Jun, 2007 12:00am
PBA to adopt voluntary code of conduct

PBA to adopt voluntary code of conduct

Secretary General, Pakistan Broadcasters Association (PBA), Arshad A. Zuberi has said that PBA plans to adopt a voluntary code of conduct, issue guidelines for broadcasters and propose amendment in the Pemra Ordinance 2002 to conform to democratic norms.
Published 16 Jun, 2007 12:00am
21 killed in Tank, Khyber Agency accidents

21 killed in Tank, Khyber Agency accidents

As many as 21 persons were killed and 45 injured in FR (Frontier Region) Tank and Khyber Agency on Friday. In first accident, a passenger bus coming from Karachi to Wana plunged into a deep ravine while negotiating a sharp turn near Jandola in FR Tank.
Published 16 Jun, 2007 12:00am
21 killed in Tank, Khyber Agency accidents

21 killed in Tank, Khyber Agency accidents

As many as 21 persons were killed and 45 injured in FR (Frontier Region) Tank and Khyber Agency on Friday. In first accident, a passenger bus coming from Karachi to Wana plunged into a deep ravine while negotiating a sharp turn near Jandola in FR Tank.
Published 16 Jun, 2007 12:00am
Punjab proposes road tax based on fuel consumption

Punjab proposes road tax based on fuel consumption

Punjab Finance Minister Husnain Bhadur Dreshak has said that the they have proposed to the federal government to allow them to collect road tax, in lieu of vehicle tax, which would be calculated on petrol consumption per vehicle thus higher petrol user wo
Published 16 Jun, 2007 12:00am
Punjab proposes road tax based on fuel consumption

Punjab proposes road tax based on fuel consumption

Punjab Finance Minister Husnain Bhadur Dreshak has said that the they have proposed to the federal government to allow them to collect road tax, in lieu of vehicle tax, which would be calculated on petrol consumption per vehicle thus higher petrol user wo
Published 16 Jun, 2007 12:00am
Japan agrees to revise tax treaty with Pakistan

Japan agrees to revise tax treaty with Pakistan

Japan has reached basic agreement with Pakistan to revise a nearly 50-year-old tax treaty to promote investment and build closer economic ties, the Ministry of Finance said on Friday.
Published 16 Jun, 2007 12:00am
LHCBA condemns death of PPP leader in jail

LHCBA condemns death of PPP leader in jail

The Lahore High Court Bar Association (LHCBA) has strongly condemned the death of Sarmad Mansoor Finance Secretary PPPP Gujrat, in Kot Lakhpat Jail. Office bearers of LHCBA including President Ahsan Bhoon, VP Firdous Butt, Secretary Sarfaraz Cheema and Ru
Published 16 Jun, 2007 12:00am
Adviser outlines strategy to cope up with power crisis

Adviser outlines strategy to cope up with power crisis

The adviser to Prime Minister on Energy Engineer, Mukhtar Ahmad has said that the power crisis in Pakistan is not looming but already here. He was addressing the inaugural session of the 22nd Multi topic International Symposium organised by Institute of E
Published 16 Jun, 2007 12:00am
Fata ADP fund raised to Rs 10 billion

Fata ADP fund raised to Rs 10 billion

NWFP Governor Lieutenant General Ali Muhammad Jan Aurakzai (Retd) has said that fund for Fata annual development programme (ADP) has been raised to Rs 10 billion for the next financial year, adding that this will greatly enhance the development process in
Published 16 Jun, 2007 12:00am
Pakistani poverty level lower than India

Pakistani poverty level lower than India

The number of poor is 73.6 percent of the total population in Pakistan, on the basis of two-dollar a day purchasing power parity (PPP), which is less than India's 80 percent, claimed Dr Ashfaque Hasan Khan, advisor to Finance Ministry.
Published 16 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Jun, 2007 12:00am
10,000 cottage industries closed in 18 months

10,000 cottage industries closed in 18 months

At least ten thousands cottage industries across the country have been completely shut down during one a half year in the wake of higher utilities' prices and imported Chinese goods, which has glutted the domestic market in the last five years, sources sa
Published 16 Jun, 2007 12:00am
'Tax on black tea should be rationalised'

'Tax on black tea should be rationalised'

The continuous decline in import of black tea through legal channels by over 10 percent annually and rapid increase in import of this commodity under Afghan Transit Trade Agreement (ATTA) has become a serious issue and could destroy the local trade, impor
Published 16 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Bus service between Pakistan and Nepal urged

Bus service between Pakistan and Nepal urged

Nepalese Foreign Minister Sahana Pradhan declared that Nepal and Pakistan have a long history of cordial relations and working together at regional and international forums, including Saarc but voiced her disappointment that the required progress has not
Published 16 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Jun, 2007 12:00am
Portfolio investment declines by $36.229 million

Portfolio investment declines by $36.229 million

Total portfolio investment in the country's equity market has declined by $36.229 million to $861.013 million on June 13, 2007 from its highest ever level of $897.243 million recorded on June 08, 2007 due to massive outflow by Singapore and UK investors.
Published 16 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Jun, 2007 12:00am
PVMA concerned over non-inclusion of proposals in budget

PVMA concerned over non-inclusion of proposals in budget

Pakistan Vanaspati Manufacturers' Association (PVMA), chairman Amjad Rashid and other business community leaders had a meeting with Central Board of Revenue (CBR) President Abdullah Yousaf, the other day. A PVMA handout issued on Friday said the issues re
Published 16 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
PVMA concerned over non-inclusion of proposals in budget

PVMA concerned over non-inclusion of proposals in budget

Pakistan Vanaspati Manufacturers' Association (PVMA), chairman Amjad Rashid and other business community leaders had a meeting with Central Board of Revenue (CBR) President Abdullah Yousaf, the other day. A PVMA handout issued on Friday said the issues re
Published 16 Jun, 2007 12:00am
JS Bank to buy T24 software from Temenos

JS Bank to buy T24 software from Temenos

JS Bank Limited signed an agreement with Temenos Headquarters SA, for the purchase of their Core Banking Software T24 for its commercial banking operational needs. The agreement was signed between Naveed Qazi (President and CEO of JS Bank) and Jean Michel
Published 16 Jun, 2007 12:00am
FTO asks CBR to examine role of Customs Intelligence

FTO asks CBR to examine role of Customs Intelligence

The Federal Tax Ombudsman, Justice Munir A Sheikh, has asked Chairman, Central Board of Revenue (CBR) to examine the role of the Directorate of Customs Intelligence in cases of routine imports and exports not involving any misdeclaration or misstatement,
Published 16 Jun, 2007 12:00am
New visual profile for djuice

New visual profile for djuice

Telenor Pakistan is launching a new visual profile for djuice on Saturday (today). With a refresh logo and slogan; 'djuice-One place' will not only provide an essential mix of communication and entertainment, all at one place, but customers will also get
Published 16 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

As a rule budget debates should concentrate on the framework of annual financial policy. As well as how typical weaknesses should be overcome. However, lawmakers are political animals and they seldom touch on delivery of public services in their speeches
Published 16 Jun, 2007 12:00am
American Business Council lauds budget

American Business Council lauds budget

President American Business Council of Pakistan (ABC), Iqbal Bengali, stated that the Budget 2007-08 is pro-growth, which envisages among other things, a record development spending of Rs 502 billion. The budget addresses the common man's plight as minimu
Published 16 Jun, 2007 12:00am
American Business Council lauds budget

American Business Council lauds budget

President American Business Council of Pakistan (ABC), Iqbal Bengali, stated that the Budget 2007-08 is pro-growth, which envisages among other things, a record development spending of Rs 502 billion. The budget addresses the common man's plight as minimu
Published 16 Jun, 2007 12:00am
Senate sends budget recommendations to National Assembly

Senate sends budget recommendations to National Assembly

The Senate has forwarded to the National Assembly around 100 recommendations on the budget for fiscal year beginning from July 1. A Senate Standing Committee on Finance finalised these proposals in seven sittings of more than 40 hours. As many as 90 out o
Published 16 Jun, 2007 12:00am
Justice Bhagwandas renews pledge of good news

Justice Bhagwandas renews pledge of good news

There is no pressure on judiciary, the Acting Chief Justice of Supreme Court Justice Rana Bhagwandas said on Friday, with renewing his earlier promise to come up with good news.
Published 16 Jun, 2007 12:00am
THE RUPEE: dollar gains 10 paisa in open market

THE RUPEE: dollar gains 10 paisa in open market

Falling trend was seen in the open market on Friday as the rupee shed 10 paisa against dollar for buying and selling at Rs 61.00 and Rs 61.05 on strong demand for US currency, dealers said. Demands for dollar was up as importers' were active to clear bill
Published 16 Jun, 2007 12:00am
CBR clarifies amendments in Finance Bill 2007-08

CBR clarifies amendments in Finance Bill 2007-08

CBR Chairman M Abdullah Yusuf on Friday announced clarifications on proposed amendment in the Finance Bill 2007-08. He said that the new banking schedule would now be applicable from tax year 2009; petroleum sector is excluded from one percent special sur
Published 16 Jun, 2007 12:00am
THE RUPEE: dollar gains 10 paisa in open market

THE RUPEE: dollar gains 10 paisa in open market

Falling trend was seen in the open market on Friday as the rupee shed 10 paisa against dollar for buying and selling at Rs 61.00 and Rs 61.05 on strong demand for US currency, dealers said. Demands for dollar was up as importers' were active to clear bill
Published 16 Jun, 2007 12:00am
Salaries of policemen raised by Rs 600

Salaries of policemen raised by Rs 600

Adviser to Sindh Chief Minister on Home Affairs Wasim Akhtar on Friday announced a raise in salaries of constables and head-constables of Sindh police. He said that amount of Rs 600 was added to salary of cops as Special Additional Allowance, so that they
Published 16 Jun, 2007 12:00am
Met Office predicts monsoon by month-end

Met Office predicts monsoon by month-end

The Met Office has predict beginning of monsoon rains by end June, according to Director General Meteorological Department Dr Qamar Zaman. He told PTV in an interview that normal monsoon rains are expected in the country but some eastern parts in Sindh an
Published 16 Jun, 2007 12:00am
10 percent value-added sales tax facility restored: KCCI

10 percent value-added sales tax facility restored: KCCI

"The facility for payment of 10 percent minimum value-added sales tax, in advance at customs stage, as available to commercial importers prior to 2007-08 Federal budget should be restored." This was stated by senior vice-president of Karachi Chamber of Co
Published 16 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
14 held for attacks on soldiers: BLA claims responsibility

14 held for attacks on soldiers: BLA claims responsibility

Police in Quetta have launched a major operation to apprehend suspects behind the killing of nine soldiers in overnight attacks, reports and police said on Friday. Seven soldiers, a police constable, and a passer-by were killed on Thursday night when some
Published 16 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Rs 428.390 million allocated for 77 MoSW projects

Rs 428.390 million allocated for 77 MoSW projects

An amount of Rs 428.390 million has been allocated in the budget 2007-08 for 77 ongoing projects being executed by the Social Welfare Ministry under the PSDP to provide relief to the poor of the country.
Published 16 Jun, 2007 12:00am
Sher Afgan condemns Quetta killing

Sher Afgan condemns Quetta killing

Minister for Parliamentary Affairs Dr Sher Afgan Niazi on Friday condemned the killing of some soldiers and cops in Quetta on Thursday. Speaking in response to points of order by opposition members, Dr Sher Afgan said some anti-social elements wanted to d
Published 16 Jun, 2007 12:00am
Long-term flood management measures urged

Long-term flood management measures urged

Liaquat Ali Jatoi, Minister for Water and Power has directed the Flood Commission to finalise comprehensive flood protection plan within a month as the government has doubled the allocation to Rs 1.8 billion in the next fiscal PSDP.
Published 16 Jun, 2007 12:00am
KESC offered to carry out six-hour load shedding

KESC offered to carry out six-hour load shedding

The Karachi Chamber of Commerce and Industry (KCCI) and all the five city associations of trade and industry have voluntarily offered Karachi Electric Supply Corporations (KESC) to carry out six-hour load shedding in industrial areas to normalise power su
Published 16 Jun, 2007 12:00am
No response to strike call in Karachi

No response to strike call in Karachi

Karachiites ignored the strike call for Friday given by Muttahida-Majlis-e-Amal (MMA) and PML (N), with visible apathy. The decision for strike was taken by the PML (N) much before convening the All Parties Conference on Thursday.
Published 16 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (June 15, 2007) and for Saturday (June 16, 2007).
Published 16 Jun, 2007 12:00am
Two Pakistani army pilots to be honoured

Two Pakistani army pilots to be honoured

Two pilots of Pakistan Army would be given gallantry award of Republic of Slovenia in recognition of their valour and commitment they demonstrated during rescue of a Slovenian mountaineer Tomaz Humar, who got stranded during his expedition to scale Nanaga
Published 16 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 15, 2007).

Published 16 Jun, 2007 12:00am
Government defends increase in military spending

Government defends increase in military spending

The government defends increase in military spending for the financial year beginning next month, saying unconquerable defence is a top priority. Defence allocation for fiscal 2007-08 was raised by more than nine percent to Rs 275 billion ($4.58 billion)
Published 16 Jun, 2007 12:00am
Foreign entrepreneurs: exclusive industrial zones planned

Foreign entrepreneurs: exclusive industrial zones planned

Planning Commission has planned to establish "Exclusive Industrial Zones" for Chinese and other Central Asian Entrepreneurs near the Industrial Cities of Karachi, Lahore, Faisalabad and Peshawar under National Trade Corridor Programme.
Published 16 Jun, 2007 12:00am
Sales tax law to be amended to control fake exports

Sales tax law to be amended to control fake exports

The Central Board of Revenue (CBR) will amend sales tax law for placing new checks on exports to Afghanistan to control fraudulent cases of sales tax refunds on the fake exports.
Published 16 Jun, 2007 12:00am
Rs three billion released for uplift of working boundary villages

Rs three billion released for uplift of working boundary villages

The government has released special development funds to district government of Rs 3 billion for uplift of the bordering areas of Chawinda and Pasrur along the Working Boundary. Federal Minister for Investment and Privatisation Zahid Hamid disclosed this
Published 16 Jun, 2007 12:00am
New tribal body demands Warsak Dam profit for Fata

New tribal body demands Warsak Dam profit for Fata

'Fata Grand Alliance', a recently constituted body comprising tribesmen from all tribal agencies, has asked the federal government to stop payment of profit hydropower generated by the power house of Warsak Dam to the provincial government of NWFP.
Published 16 Jun, 2007 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 16 Jun, 2007 12:00am
NWFP budget today

NWFP budget today

The provincial budget of NWFP for financial year 2007-08 would be presented in the NWFP Assembly on Saturday. The Provincial Minister for Finance, Shah Raz Khan would present the budget.
Published 16 Jun, 2007 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 16 Jun, 2007 12:00am
NWFP budget today

NWFP budget today

The provincial budget of NWFP for financial year 2007-08 would be presented in the NWFP Assembly on Saturday. The Provincial Minister for Finance, Shah Raz Khan would present the budget.
Published 16 Jun, 2007 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 16 Jun, 2007 12:00am
Tribesmen want to be included in Pak-Afghan Peace Jirga

Tribesmen want to be included in Pak-Afghan Peace Jirga

The grand tribal convention (Jirga) here on Thursday also called for inclusion of tribal elders in Pak-Afghan Peace Jirga, saying they are being directly affected by the deteriorating situation in the region.
Published 16 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Friday (June 15, 2007) and the forecast for Saturday (June 16, 2007).
Published 16 Jun, 2007 12:00am
'APHC groups unification key to success'

'APHC groups unification key to success'

Hailing the efforts of Democratic Freedom Party (DFP), President Shabir Ahmed Shah to forge unity among the Kashmir liberation leadership, the Pakistan-based Kashmiri leaders have said that unity between the two splinter groups of APHC was imperative to a
Published 16 Jun, 2007 12:00am
PTDC launches Islamabad-Naran bus service

PTDC launches Islamabad-Naran bus service

The Pakistan Tourism Development Corporation (PTDC) on Friday launched luxury air-conditioned coach service from Islamabad to Naran valley, a fascinating tourist attraction spot in NWFP that attracts thousands of tourists both foreign and local through ou
Published 16 Jun, 2007 12:00am
GCU and US University sign MoU

GCU and US University sign MoU

The vice-chancellor of GCU Lahore Professor Dr Khalid Aftab and Mohammad Kazim Khan, the representative of the Kent State University Ohio, USA signed a memorandum of understanding (MoU) here in the vice chancellor's committee room on Friday.
Published 16 Jun, 2007 12:00am
Steps taken for technical education boost: NWFP chief secretary

Steps taken for technical education boost: NWFP chief secretary

Chief Secretary NWFP Sahibzada Riaz Noor has said that the government is taking concrete steps for promotion of technical education and vocational training in the province therefore the young generation should opt for these lines instead of doing simple F
Published 16 Jun, 2007 12:00am
CJP speeches: lawyer challenges ban on live telecast

CJP speeches: lawyer challenges ban on live telecast

A member of the Lahore Court Bar Association (LHCBA) has approached the Lahore High Court (LHC) with the prayer to direct the respondent government to allow the private channels to broadcast live speeches of Chief Justice Pakistan.
Published 16 Jun, 2007 12:00am
LSE approves revised trading schedule of company

LSE approves revised trading schedule of company

The Lahore Stock Exchange (LSE) has approved the revised trading schedule of Pervez Ahmed Securities in accordance with the regulations for Futures Trading in the provisionally listed companies. The company had requested extension in time for completion o
Published 16 Jun, 2007 12:00am
Moot on education opens today

Moot on education opens today

Pakistan Institute of Quality Control (PIQC) is holding the 5th national conference on 'Quality Assurance in Education' here at PCSIR Auditorium on June 16 and 17.
Published 16 Jun, 2007 12:00am
Major initiative launched to promote SME sector

Major initiative launched to promote SME sector

With an indicative amount of Rs 13 billion and implementation plan has been chalked out to support various SME projects which would prove to be a major breakthrough in the development of SMEs in the country. Shahid Rashid, the newly appointed Chief Execut
Published 16 Jun, 2007 12:00am
'Poverty and unemployment remain big challenges'

'Poverty and unemployment remain big challenges'

Speakers while addressing a post budget seminar organised by Institute of Cost and Management Accountants of Pakistan (ICAMP) at the Lahore Chamber of Commerce and Industry (LCCI) said though the per capita income had increased, yet the poverty and unempl
Published 16 Jun, 2007 12:00am
CJP to address convention in Faisalabad today

CJP to address convention in Faisalabad today

Chief Justice of Pakistan Justice Iftikhar Mohammed Chaudhry will address All Pakistan Lawyers Convention organised by District Bar Association at District Court, Faisalabad on Saturday (today).
Published 16 Jun, 2007 12:00am
US wants to strengthen ties with Pakistan: Negroponte

US wants to strengthen ties with Pakistan: Negroponte

US Deputy Secretary of State, John D Negroponte on Friday said that the United States viewed Pakistan-US ties as a vital relationship and was committed to further strengthening it. John Negroponte, who is on a visit to Pakistan, met with Foreign Minister
Published 16 Jun, 2007 12:00am
Jamali terms Boucher's visit a routine trip

Jamali terms Boucher's visit a routine trip

Former Prime Minister Mir Zafarullah Khan Jamali has said that the visit of US Assistant Secretary of State Richard Boucher was a scheduled trip and there is nothing more than that attached to his visit. In an interview with a private TV channel he said t
Published 16 Jun, 2007 12:00am
Bryan lauds reforms programme in Punjab

Bryan lauds reforms programme in Punjab

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that mutual relations between Pakistan and America in education, health and economic sectors were strengthening with the passage of time.
Published 16 Jun, 2007 12:00am
Pakistan for strong ties with Malta: Soomro

Pakistan for strong ties with Malta: Soomro

Chairman Senate, Mohammedmian Soomro has said that Pakistan wants to develop special relationship with Malta. He made this observation while talking to Dr Michael Frendo, Maltese Foreign Minister, who called on him at his residence here on Friday.
Published 16 Jun, 2007 12:00am
Military regimes raised budget deficit, seminar told

Military regimes raised budget deficit, seminar told

"Military governments increased the budget deficit and the democratic government are left with no option but to clear the mess created by the military government". This was the view of economic analyst Dr A R Kamal, at a seminar on "A Critical Analysis of
Published 16 Jun, 2007 12:00am
Benazir calls for release of activists

Benazir calls for release of activists

The lawyers' movement cannot be crushed by arresting hundreds of political activists and ordinary citizens, said a statement released here on Friday quoting PPP Chairperson Benazir Bhutto as saying.
Published 16 Jun, 2007 12:00am
EPZ status demanded for Sialkot

EPZ status demanded for Sialkot

The Surgical Instruments Manufacturers Association of Pakistan, Sialkot (Simap), appreciating the revolutionary vision of President General Pervez Musharraf with regard to national development, has termed the overall outlook of the 2007-08 Federal budget
Published 16 Jun, 2007 12:00am
Sethi launches 'Sweet N Low'

Sethi launches 'Sweet N Low'

Sethi International, the sole distributor of world renowned brand UHU & Faber-Castell, has recently launched another world famous low calorie sweetener, Sweet N Low in Pakistan. The launching of the world famous low calorie sweetener was held in Karachi i
Published 16 Jun, 2007 12:00am
Emergency measures being taken to end loadshedding: Maqbool

Emergency measures being taken to end loadshedding: Maqbool

Punjab Governor Khalid Maqbool has advised the people not to follow the miscreants, agitators and the elements who play with the sentiments of others because one day's strike causes a loss of Rs 4 billion, besides slowing down the pace of progress, econom
Published 16 Jun, 2007 12:00am
Punjab governor satisfied with rights situation

Punjab governor satisfied with rights situation

The Punjab governor Lieutenant General Khalid Maqbool (Retd) has said human rights in Punjab is strictly followed and only those persons are being arrested who create law and order and police register cases against them while over all politics and media i
Published 16 Jun, 2007 12:00am
Punjab buys over 2562 million tons wheat

Punjab buys over 2562 million tons wheat

The Punjab Food Department has so far purchased 2,562,947 metric tonnes of wheat during the current procurement drive in the province. Punjab minister for Food Hussain Jahanian Gardezi, giving details about the ongoing procurement campaign, said that 26,9
Published 16 Jun, 2007 12:00am
US should play role in ensuring free, fair elections: Gilani

US should play role in ensuring free, fair elections: Gilani

Central Vice Chairman of PPP Syed Yousaf Raza Gilani said that United States should play its role in ensuring free, fair, impartial and transparent elections in Pakistan and ask General Pervez Musharraf to wear off his uniform for restoration of true demo
Published 16 Jun, 2007 12:00am
ISO denounces Samara bombing

ISO denounces Samara bombing

Imamia Students Organisation (ISO) staged demonstration against bombardment of US-led collision in Samara, Iraq at the shrine of Imam Hassan Askari (AS) and strongly denounced the attack. The ISO activists were led by divisional president Dr Ali Muhammad
Published 16 Jun, 2007 12:00am
Shell Pakistan, Kidney Centre sign MoU

Shell Pakistan, Kidney Centre sign MoU

The Kidney Centre signed a memorandum of understanding with Shell Pakistan to increase awareness about kidney diseases among the company's staff, contractors and the communities that live around its installations. Under this MoU, the Kidney Centre would p
Published 16 Jun, 2007 12:00am
Mushahid calls for APC

Mushahid calls for APC

Senator Mushahid Hussain Syed has called upon President Pervez Musharraf to convene an All Parties Conference (APC) to help evolve a consensus on ways and means to put in place an interim set-up which should pave the way for free and fair elections.
Published 16 Jun, 2007 12:00am
Frightening neglect of fisheries sector

Frightening neglect of fisheries sector

It is distressing, indeed, to learn from a news report that points to the aggravation of problems of the country's high potential seafood industry as a sequel to lack of attention to its crying need that had been spelled out in the budget proposals submit
Published 16 Jun, 2007 12:00am
Comfort women issue

Comfort women issue

Japanese Prime Minister Shinzo Abe's controversial remarks in March regarding the sexual slavery of foreign women before and during World War II provoked many politicians, government officials, media and opinion leaders around the world to denounce Japan'
Published 16 Jun, 2007 12:00am
US struggles with Baghdad sectarian turf wars

US struggles with Baghdad sectarian turf wars

The rubble-filled streets of the south-western Baghdad neighbourhood of Bayaa were filled with young men waving Shiite flags and dancing to the pulsating beat of a popular militia song. "This is what we call not good," said Captain Timothy Wright as his p
Published 16 Jun, 2007 12:00am
Money minting business

Money minting business

Frequent power failures in the city are no more a news as the people have learnt to live without the so-called "facility" provided by the Karachi Electric Supply Corporation (KESC). Despite growing protests, some times violent, in the hot and humid summer
Published 16 Jun, 2007 12:00am
Actions speak louder than words

Actions speak louder than words

Economic Survey for the current fiscal year 2006-07, as expected, recounted the economic achievements during the period. How far these statements and statistics are close to the reality is truly demonstrated in the title cover of the document that shows,
Published 16 Jun, 2007 12:00am
Sindh University approves Rs 1.184 million medical reimbursement

Sindh University approves Rs 1.184 million medical reimbursement

The medical reimbursement committee of the University of Sindh has approved the medical reimbursement of Rs 1.184 million for the faculty members and officers in the second half (January to June-2007) of current financial year 2006-2007.
Published 16 Jun, 2007 12:00am
Under CDGK roadmap: people to get houses on low prices

Under CDGK roadmap: people to get houses on low prices

A draft roadmap, under Karachi Mega City Sustainable Development Programme, was presented before the stakeholders to improve katchi abadis (KAs) and other low-income housing segments.
Published 16 Jun, 2007 12:00am
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