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Archive - 2007-06-21
Canada leading indicator rises

Canada leading indicator rises

Strong housing starts in Canada helped push the composite leading indicator up by 0.5 percent in May, in line with forecasts and matching the April performance, Statistics Canada said on Wednesday. "The components related to household spending improved ma
Published 21 Jun, 2007 12:00am
No one can manipulate full court: Ramday

No one can manipulate full court: Ramday

Justice Khalil-ur-Rehman Ramday, head of a 13-member bench hearing constitutional petitions filed by Justice Iftikhar Muhammad Chaudhry and others, said on Wednesday that no one could manipulate the full court.
Published 21 Jun, 2007 12:00am
US mortgage applications drop, housing mired in slump

US mortgage applications drop, housing mired in slump

Applications to buy and refinance homes dropped last week, an industry trade group said on Wednesday, the latest sign that US housing remains mired in a downturn. The Mortgage Bankers Association's mortgage application index slid 3.4 percent to a seasonal
Published 21 Jun, 2007 12:00am
No one can manipulate full court: Ramday

No one can manipulate full court: Ramday

Justice Khalil-ur-Rehman Ramday, head of a 13-member bench hearing constitutional petitions filed by Justice Iftikhar Muhammad Chaudhry and others, said on Wednesday that no one could manipulate the full court.
Published 21 Jun, 2007 12:00am
'Chinese savers snub consumption for stocks'

'Chinese savers snub consumption for stocks'

Record numbers of Chinese plan to buy into the bullish stock market and fewer than ever are choosing to keep their money in the bank or spend their cash, according to a central bank survey released on Wednesday.
Published 21 Jun, 2007 12:00am
Chemical godown catches fire

Chemical godown catches fire

A chemical godown caught fire in Site area late Wednesday. Dozens of fire fighters were trying to extinguish the fire till our going to press. The fire tenders of the Karachi Port Trust were also called. Eyewitnesses told Aaj TV that blasts were he
Published 21 Jun, 2007 12:00am
France confirms budget deficit shrank in 2006

France confirms budget deficit shrank in 2006

France's 2006 budget deficit was 39 billion euros, compared with 46.9 billion euros forecast by the budget law, partly due to higher-than-expected corporate tax receipts, updated Budget Ministry data showed on Wednesday.
Published 21 Jun, 2007 12:00am
Chemical godown catches fire

Chemical godown catches fire

A chemical godown caught fire in Site area late Wednesday. Dozens of fire fighters were trying to extinguish the fire till our going to press. The fire tenders of the Karachi Port Trust were also called. Eyewitnesses told Aaj TV that blasts were he
Published 21 Jun, 2007 12:00am
Malaysian palm oil drops

Malaysian palm oil drops

Malaysian crude palm oil futures ended 2.4 percent lower on Wednesday, deepening losses as a sharp decline in exports and rising supplies weighed on the market. The benchmark September contract on the Bursar Malaysian Derivatives Exchange settled down 59
Published 21 Jun, 2007 12:00am
Special excise duty may be applicable from July 1

Special excise duty may be applicable from July 1

The one percent special excise duty is likely to be applicable at local manufacturing stage from July 1, 2007. Sources told Business Recorder on Wednesday that the Central Board of Revenue (CBR) has abolished one percent special surcharge on the im
Published 21 Jun, 2007 12:00am
Tocom rubber falls

Tocom rubber falls

Tokyo rubber futures fell by their daily 10-yen limit on Wednesday, reversing the previous day's gains as profit taking set in. The benchmark rubber contract on Tokyo Commodity Exchange for November delivery fell 10 yen, or 3.6 percent, to 265.0 yen ($2.1
Published 21 Jun, 2007 12:00am
Special excise duty may be applicable from July 1

Special excise duty may be applicable from July 1

The one percent special excise duty is likely to be applicable at local manufacturing stage from July 1, 2007. Sources told Business Recorder on Wednesday that the Central Board of Revenue (CBR) has abolished one percent special surcharge on the im
Published 21 Jun, 2007 12:00am
CBoT rice lower

CBoT rice lower

The Chicago Board of Trade rough rice market ended sharply lower on Tuesday, at the day's lows as speculative selling escalated late, traders said. Rice was pressured by the weakness in the other CBOT markets, which tanked on outlooks for improving crop w
Published 21 Jun, 2007 12:00am
Special excise duty may be applicable from July 1

Special excise duty may be applicable from July 1

The one percent special excise duty is likely to be applicable at local manufacturing stage from July 1, 2007. Sources told Business Recorder on Wednesday that the Central Board of Revenue (CBR) has abolished one percent special surcharge on the im
Published 21 Jun, 2007 12:00am
Malaysian tin down

Malaysian tin down

Malaysian tin fell 1.3 percent on Wednesday, pulled down by lower prices on the London Metal Exchange prices but losses were limited by strong foreign demand, one dealer said.
Published 21 Jun, 2007 12:00am
UK says 'sorry', but defends Rushdie's knighthood

UK says 'sorry', but defends Rushdie's knighthood

Foreign Secretary Margaret Beckett said on Wednesday that Britain was 'sorry' if people were upset over writer Salman Rushdie's knighthood, but insisted it was awarded for his entire literary career.
Published 21 Jun, 2007 12:00am
Soybeans dive on rains forecast

Soybeans dive on rains forecast

Chicago Board of Trade soybean futures dived Tuesday, pressured by the heavier-than-expected overnight rains in dry areas of the eastern US Midwest which helped recharge topsoil moisture for young crops, traders said. The shift in the weather also trigger
Published 21 Jun, 2007 12:00am
UK says 'sorry', but defends Rushdie's knighthood

UK says 'sorry', but defends Rushdie's knighthood

Foreign Secretary Margaret Beckett said on Wednesday that Britain was 'sorry' if people were upset over writer Salman Rushdie's knighthood, but insisted it was awarded for his entire literary career.
Published 21 Jun, 2007 12:00am
New York sugar down

New York sugar down

Raw sugar futures finished softer on Tuesday due to trade and producer sales as the bearish fundamental of excessive supplies acted as a drag on the market, brokers said. New York Board of Trade's July raw sugar contract eased 0.02 cent to conclude the op
Published 21 Jun, 2007 12:00am
Power riots again erupt

Power riots again erupt

Violent protestors threw stones on a fast food restaurant and a private bank and damaged a traffic signal against frequent power failures on Korangi Road, Akhtar Colony here on Wednesday. Police resorted to firing in the air and released tear gas to dispe
Published 21 Jun, 2007 12:00am
Indonesian palm oil exports seen up

Indonesian palm oil exports seen up

Indonesia may see exports of palm oil products in July rise by one-third from May, despite an increase in export tax, as producers may be forced to sell their output to avoid a glut, traders said on Wednesday.
Published 21 Jun, 2007 12:00am
Power riots again erupt

Power riots again erupt

Violent protestors threw stones on a fast food restaurant and a private bank and damaged a traffic signal against frequent power failures on Korangi Road, Akhtar Colony here on Wednesday. Police resorted to firing in the air and released tear gas to dispe
Published 21 Jun, 2007 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper rose on Wednesday in tandem with pick-up in London prices as investors watched to see how a series of strike threats played out. The most-active September copper contract on the Shanghai Futures Exchange closed up 0.5 percent at 64,780 yua
Published 21 Jun, 2007 12:00am
Oil steadies ahead of US stocks

Oil steadies ahead of US stocks

Oil prices steadied on Wednesday, as traders waited to see if a threatened strike in Nigeria would cut its crude exports and whether gasoline inventories in the United States have built as forecast. London benchmark Brent crude edged 3 cents lower to $71.
Published 21 Jun, 2007 12:00am
Bangladesh tenders to import 150,000 tonnes rice

Bangladesh tenders to import 150,000 tonnes rice

Bangladesh has issued a tender to import 150,000 tonnes of non-basmati parboiled rice by October to meet possible emergency post-monsoon demand, food officials said on Wednesday. The tender will close on August 1, with validity up to August 21. The shipme
Published 21 Jun, 2007 12:00am
Gold retreats after rally

Gold retreats after rally

Gold paused for breath on Wednesday after a rally the previous day, while the most active Tokyo futures contract rose to its highest in nearly two weeks on a weaker yen and gains in New York. Silver weakened and palladium barely moved but platinum rebound
Published 21 Jun, 2007 12:00am
US gold firm

US gold firm

US gold futures charged up to a strong close on Tuesday, nearly matching a 10-day high, as trade buyers found value at the lows and pulled technical buyers into the market to cover short positions in the price rally, traders said.
Published 21 Jun, 2007 12:00am
US copper extends weekly losses

US copper extends weekly losses

US copper futures closed down on Tuesday, extending a reversal from Monday's nearly 5-week peak, as softer US housing data and weakness in the London base metal complex prompted rangebound business, brokers said.
Published 21 Jun, 2007 12:00am
Asian physical rubber prices up

Asian physical rubber prices up

Asian physical rubber prices rose on Wednesday, despite a drop on the Tokyo Commodity Exchange, as rains in producing countries raised supply concerns. Trading was active, as buyers feared prices would go higher, traders said.
Published 21 Jun, 2007 12:00am
New York coffee falls

New York coffee falls

US arabica coffee closed lower on Tuesday after falling to a three-week low on heavy July/September spreading ahead of the front-month's first notice day on Thursday, said traders who also cited weakness in the robusta market.
Published 21 Jun, 2007 12:00am
Trade and commerce can enhance Pak-US relations: Kasuri

Trade and commerce can enhance Pak-US relations: Kasuri

Foreign Minister Khurshid Mahmood Kasuri met with US Secretary of Commerce Carlos Gutierrez on Wednesday and discussed the critical role, and urged that the commerce and trade could enhance the US-Pakistan relationship.
Published 21 Jun, 2007 12:00am
MGE spring wheat lower

MGE spring wheat lower

Spring wheat futures on the Minneapolis Grain Exchange closed lower on Tuesday, setting back from last week's 11-year highs on improved US spring wheat crop ratings, traders said. The US Department of Agriculture late on Monday said 85 percent of the US s
Published 21 Jun, 2007 12:00am
Balochistan advised to find new income sources

Balochistan advised to find new income sources

The government of Balochistan must find new and dependable sources of income to get rid of dependence on federal divisible pool for meeting its financial needs.
Published 21 Jun, 2007 12:00am
New York cocoa futures lower

New York cocoa futures lower

US cocoa futures finished lower on Tuesday, retracing after recent gains and weighed by London's weak market and origin selling, traders said. "We followed London down completely, there's just no buying. There's good hedging coming out of Indonesia. There
Published 21 Jun, 2007 12:00am
MoF adds to Wapda's woes by refusing to extend bank guarantee

MoF adds to Wapda's woes by refusing to extend bank guarantee

The Finance Ministry has added to the Water and Power Development Authority's financial woes by refusing to extend to the it government's bank borrowing guarantee that the utility desperately needs to overcome a severe financial crunch, sources in the Min
Published 21 Jun, 2007 12:00am
Masoor soars in thin business on grain market

Masoor soars in thin business on grain market

Business was seen at low level on the grain market on Wednesday as a few commodities moved both ways in process of trading, dealers said. On the cereal side, masoor Canada low type gained Rs 80 to Rs 3450 and superior type was up by Rs 130 to Rs 3500.
Published 21 Jun, 2007 12:00am
MoF adds to Wapda's woes by refusing to extend bank guarantee

MoF adds to Wapda's woes by refusing to extend bank guarantee

The Finance Ministry has added to the Water and Power Development Authority's financial woes by refusing to extend to the it government's bank borrowing guarantee that the utility desperately needs to overcome a severe financial crunch, sources in the Min
Published 21 Jun, 2007 12:00am
Subdued activity on cotton market

Subdued activity on cotton market

Small business was seen on the cotton market on Wednesday as spinners continued buying in anticipation of increase in the prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2600, they added.
Published 21 Jun, 2007 12:00am
MoF adds to Wapda''s woes by refusing to extend bank guarantee

MoF adds to Wapda''s woes by refusing to extend bank guarantee

The Finance Ministry has added to the Water and Power Development Authority''s financial woes by refusing to extend to the it government''s bank borrowing guarantee that the utility desperately needs to overcome a severe financial crunch, sources in the M
Published 21 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was unchanged while the December was higher on the forward cottonseed oilcake market on Wednesday, dealers said. The July vaida was unchanged at Rs 650.00 and market settled at the same rate without showing any change for the day, dealer sa
Published 21 Jun, 2007 12:00am
Provisional release of certain imported goods allowed

Provisional release of certain imported goods allowed

The Central Board of Revenue (CBR) has allowed provisional release of imported consignments where discrepancies were detected in calculation of customs duty on adoption of new HS Code-2007 under 'One Customs' and the Pakistan Customs Computerised Clearanc
Published 21 Jun, 2007 12:00am
CBoT wheat slides

CBoT wheat slides

Wheat futures at the Chicago Board of Trade shed 3 percent in value and closed sharply lower on Tuesday, as improving US harvest weather prompted speculative selling, traders said. A government projection for a large Australian wheat crop also weighed on
Published 21 Jun, 2007 12:00am
Provisional release of certain imported goods allowed

Provisional release of certain imported goods allowed

The Central Board of Revenue (CBR) has allowed provisional release of imported consignments where discrepancies were detected in calculation of customs duty on adoption of new HS Code-2007 under 'One Customs' and the Pakistan Customs Computerised Clearanc
Published 21 Jun, 2007 12:00am
US Midwest corn and soya steady to lower

US Midwest corn and soya steady to lower

Spot basis bids for corn and soyabeans were mostly steady to lower on Tuesday as buyers retreated following a slump in futures sparked by forecasts for improved crop weather in the Midwest, dealers said. Grain movement ground to a halt following the sharp
Published 21 Jun, 2007 12:00am
Provisional release of certain imported goods allowed

Provisional release of certain imported goods allowed

The Central Board of Revenue (CBR) has allowed provisional release of imported consignments where discrepancies were detected in calculation of customs duty on adoption of new HS Code-2007 under ''One Customs'' and the Pakistan Customs Computerised Cleara
Published 21 Jun, 2007 12:00am
Corn futures fall limit

Corn futures fall limit

Corn futures at the Chicago Board of Trade plunged nearly 5 percent to the 20 cent trading limit on Tuesday with rains in the US Midwest and cooler weather at midweek hitting the market, traders said.
Published 21 Jun, 2007 12:00am
Provisional release of certain imported goods allowed

Provisional release of certain imported goods allowed

The Central Board of Revenue (CBR) has allowed provisional release of imported consignments where discrepancies were detected in calculation of customs duty on adoption of new HS Code-2007 under ''''One Customs'''' and the Pakistan Customs Computerised Cl
Published 21 Jun, 2007 12:00am
Vietnam rice exports grind to virtual halt

Vietnam rice exports grind to virtual halt

Vietnam's rice exports ground to a virtual halt this week due to a shortage of vessels, and traders expect freight rates to rise further on the back of high fuel prices and growing shipping demand. "Freight has jumped more than 30 percent from the beginni
Published 21 Jun, 2007 12:00am
KSE stages recovery

KSE stages recovery

KSE-100 index on Wednesday recovered 61.90 points to close at 13,556.73 points level against previous 13494.83 on the back of fresh buying by foreign investors, mainly in the banking sector. On the other hand, the KSE-30 index surged by 88.15 points to cl
Published 21 Jun, 2007 12:00am
Brazilian cocoa arrivals down

Brazilian cocoa arrivals down

Brazilian 2007/08 (May/April) cocoa arrivals from Bahia and other states totalled 384,259 60-kg bags by June 17, down 29 percent from 542,129 bags a year ago, Bahia Commercial Association said Wednesday. Bahia state, Brazil's main cocoa producer, delivere
Published 21 Jun, 2007 12:00am
KSE stages recovery

KSE stages recovery

KSE-100 index on Wednesday recovered 61.90 points to close at 13,556.73 points level against previous 13494.83 on the back of fresh buying by foreign investors, mainly in the banking sector. On the other hand, the KSE-30 index surged by 88.15 points to cl
Published 21 Jun, 2007 12:00am
Ivorian cocoa arrivals fall

Ivorian cocoa arrivals fall

Cocoa arrivals at Ivory Coast's port of San Pedro reached 439,269 tonnes by June 10, according to data from the Coffee and Cocoa Bourse (BCC) obtained by Reuters on Wednesday. That compared with 467,176 tonnes delivered to the port during the same period
Published 21 Jun, 2007 12:00am
KSE stages recovery

KSE stages recovery

KSE-100 index on Wednesday recovered 61.90 points to close at 13,556.73 points level against previous 13494.83 on the back of fresh buying by foreign investors, mainly in the banking sector. On the other hand, the KSE-30 index surged by 88.15 points to cl
Published 21 Jun, 2007 12:00am
Russia merges top energy shipping companies

Russia merges top energy shipping companies

Russian President Vladimir Putin has signed a decree merging the two top Russian energy shippers, Novoship and Sovcomflot, Russian news agencies reported on Wednesday. Russia has been seeking to merge the companies for several years in a move to create a
Published 21 Jun, 2007 12:00am
BRIndex30 up 92.93 points

BRIndex30 up 92.93 points

On Wednesday, the BRIndex30 opened in the green zone, at 15,127.66, with an upward gap of 35.33 points, and closed at 15,185.26 with a positive change of 92.93 points, or 0.62 percent. It saw intra day high of 15,283.69 and recorded low of 15,045.52.
Published 21 Jun, 2007 12:00am
Gulf soyabean firm

Gulf soyabean firm

US FOB Gulf soyabean export premiums rose for a second day on Tuesday, supported by a sharp fall in futures prices and demand for soyabeans from domestic processing plants, traders said. Corn and wheat basis offers were mostly steady. Soyabean basis offer
Published 21 Jun, 2007 12:00am
BRIndex30 up 92.93 points

BRIndex30 up 92.93 points

On Wednesday, the BRIndex30 opened in the green zone, at 15,127.66, with an upward gap of 35.33 points, and closed at 15,185.26 with a positive change of 92.93 points, or 0.62 percent. It saw intra day high of 15,283.69 and recorded low of 15,045.52.
Published 21 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 124,959 tonnes cargo including 114,589 tonnes import, 10,370 tonnes export cargo and 3,099 containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday.
Published 21 Jun, 2007 12:00am
PSO sell-off may be delayed: bidders wrangle over key issues

PSO sell-off may be delayed: bidders wrangle over key issues

The Privatisation Commission and qualified parties/consortiums' representatives on Wednesday failed to reach any understanding on some key legal and financial issues here, making it next to impossible for the government to hold bidding for Pakistan State
Published 21 Jun, 2007 12:00am
Kenyan tea prices mixed

Kenyan tea prices mixed

Kenyan tea prices were mixed at this week's auction, with some grades gaining on improved quality and increased buying from Britain, Afghanistan and Russia, traders said on Wednesday. "There was good general demand at irregular rates for the 132,499 packa
Published 21 Jun, 2007 12:00am
PSO sell-off may be delayed: bidders wrangle over key issues

PSO sell-off may be delayed: bidders wrangle over key issues

The Privatisation Commission and qualified parties/consortiums' representatives on Wednesday failed to reach any understanding on some key legal and financial issues here, making it next to impossible for the government to hold bidding for Pakistan State
Published 21 Jun, 2007 12:00am
PSO sell-off may be delayed: bidders wrangle over key issues

PSO sell-off may be delayed: bidders wrangle over key issues

The Privatisation Commission and qualified parties/consortiums'' representatives on Wednesday failed to reach any understanding on some key legal and financial issues here, making it next to impossible for the government to hold bidding for Pakistan State
Published 21 Jun, 2007 12:00am
Kasuri meets Congressional leaders

Kasuri meets Congressional leaders

Foreign Minister Khurshid Kasuri spent a busy day on Tuesday as he held meetings with several Congressional leaders on Capitol Hill. The foreign minister, who is visiting Washington as part of regular high-level contacts between the two countries to furth
Published 21 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 21 Jun, 2007 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Share prices improved on the Lahore Stock Exchange (LSE) on Wednesday on buying interest in selective scrips, notably in banks, which enabled the market to end with a bullish note. The LSE-25 index reached 4,810.80 points from 4,793.09 of Tuesday, depicti
Published 21 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 21 Jun, 2007 12:00am
Bullish sentiment on LSE

Bullish sentiment on LSE

Share prices improved on the Lahore Stock Exchange (LSE) on Wednesday on buying interest in selective scrips, notably in banks, which enabled the market to end with a bullish note. The LSE-25 index reached 4,810.80 points from 4,793.09 of Tuesday, depicti
Published 21 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 Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
WTO examines US complaint on Indian alcohol duties

WTO examines US complaint on Indian alcohol duties

The World Trade Organisation (WTO) set up a panel on Wednesday to examine India's wine and spirits tariffs at the request of the United States. Washington says India charges excessive duty on wine and spirits in violation of trade rules.
Published 21 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 Wednesday (June 20, 2007).

Published 21 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 Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
India may welcome Airbus assembly plant

India may welcome Airbus assembly plant

India has asked European planemaker Airbus to consider setting up an assembly line in the country, matching its recent decision to set one up in China, an Indian minister said on Wednesday.
Published 21 Jun, 2007 12:00am
India pushes for IPI project accord by mid-July

India pushes for IPI project accord by mid-July

India will push for an accord on a multi-billion dollar pipeline to transport gas from Iran through Pakistan by mid-July, Oil Minister Murli Deora said on Wednesday.
Published 21 Jun, 2007 12:00am
India pushes for IPI project accord by mid-July

India pushes for IPI project accord by mid-July

India will push for an accord on a multi-billion dollar pipeline to transport gas from Iran through Pakistan by mid-July, Oil Minister Murli Deora said on Wednesday.
Published 21 Jun, 2007 12:00am
India pushes for IPI project accord by mid-July

India pushes for IPI project accord by mid-July

India will push for an accord on a multi-billion dollar pipeline to transport gas from Iran through Pakistan by mid-July, Oil Minister Murli Deora said on Wednesday.
Published 21 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 Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Russia cancels $0.4 million mango orders

Russia cancels $0.4 million mango orders

The country's fruit exports are likely to face a setback following cancellation of orders worth $0.4 million by Russian mango importers. Exporters told Business Recorder here on Wednesday that the main reason cited by Russian importers of mango was
Published 21 Jun, 2007 12:00am
Balochistan budget today

Balochistan budget today

Balochistan budget for the fiscal year 2007-08 will be presented here on Thursday afternoon in the provincial assembly. According to a notification, the acting governor has convened the assembly session for this purpose at 5 pm in the provincial assembly
Published 21 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 20, 2007).
Published 21 Jun, 2007 12:00am
Balochistan budget today

Balochistan budget today

Balochistan budget for the fiscal year 2007-08 will be presented here on Thursday afternoon in the provincial assembly. According to a notification, the acting governor has convened the assembly session for this purpose at 5 pm in the provincial assembly
Published 21 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Balochistan budget today

Balochistan budget today

Balochistan budget for the fiscal year 2007-08 will be presented here on Thursday afternoon in the provincial assembly. According to a notification, the acting governor has convened the assembly session for this purpose at 5 pm in the provincial assembly
Published 21 Jun, 2007 12:00am
Balochistan budget today

Balochistan budget today

Balochistan budget for the fiscal year 2007-08 will be presented here on Thursday afternoon in the provincial assembly. According to a notification, the acting governor has convened the assembly session for this purpose at 5 pm in the provincial assembly
Published 21 Jun, 2007 12:00am
12,500 megawatts plants start trial production by year-end

12,500 megawatts plants start trial production by year-end

Coal fired 12500 MW power plant near Thatta with Chinese collaboration will start trial production by the end of this year. This was stated by out-going commercial consular of China Zhao Qingmao at a meeting of Karachi Chamber of Commerce and Industry (KC
Published 21 Jun, 2007 12:00am
Water shortage impedes cultivation

Water shortage impedes cultivation

The prospects for bringing more area under cultivation are limited in near future as the country is experiencing scarcity of irrigation water, said the Planning Commission in its future strategy for agriculture.
Published 21 Jun, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Supreme Court urged to take suo motu notice of 20 million voters missing

Supreme Court urged to take suo motu notice of 20 million voters missing

All Pakistan Minorities Alliance (APMA) has expressed grave concern over the missing of 20 million voters and non-availability of electoral lists to the political parties, which is a big question mark on the credibility of election commission and the proc
Published 21 Jun, 2007 12:00am
Military court convicts youth for 'spying'

Military court convicts youth for 'spying'

Rights groups Wednesday criticised the conviction for espionage of a Pakistani man who was among hundreds of people allegedly abducted and held without charge by intelligence agencies.
Published 21 Jun, 2007 12:00am
Military court convicts youth for 'spying'

Military court convicts youth for 'spying'

Rights groups Wednesday criticised the conviction for espionage of a Pakistani man who was among hundreds of people allegedly abducted and held without charge by intelligence agencies.
Published 21 Jun, 2007 12:00am
KPT seeks government nod to set up dredging company

KPT seeks government nod to set up dredging company

Karachi Port Trust (KPT) has sought approval from the Ministry of Ports and Shipping to form a subsidiary organisation, 'National Dredging Company', to cater to the increasing demand of capital and maintenance dredging for country's own and regional ports
Published 21 Jun, 2007 12:00am
KPT seeks government nod to set up dredging company

KPT seeks government nod to set up dredging company

Karachi Port Trust (KPT) has sought approval from the Ministry of Ports and Shipping to form a subsidiary organisation, 'National Dredging Company', to cater to the increasing demand of capital and maintenance dredging for country's own and regional ports
Published 21 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
KPT seeks government nod to set up dredging company

KPT seeks government nod to set up dredging company

Karachi Port Trust (KPT) has sought approval from the Ministry of Ports and Shipping to form a subsidiary organisation, ''National Dredging Company'', to cater to the increasing demand of capital and maintenance dredging for country''s own and regional po
Published 21 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Withdrawal of CVT on vehicle import notified

Withdrawal of CVT on vehicle import notified

The Central Board of Revenue (CBR) has abolished capital value tax (CVT) on the import of vehicles effective June 9. According to a notification issued on Wednesday, the CVT has been withdrawn on the import of vehicles with retrospective effect ie June 9,
Published 21 Jun, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Withdrawal of CVT on vehicle import notified

Withdrawal of CVT on vehicle import notified

The Central Board of Revenue (CBR) has abolished capital value tax (CVT) on the import of vehicles effective June 9. According to a notification issued on Wednesday, the CVT has been withdrawn on the import of vehicles with retrospective effect ie June 9,
Published 21 Jun, 2007 12:00am
Withdrawal of CVT on vehicle import notified

Withdrawal of CVT on vehicle import notified

The Central Board of Revenue (CBR) has abolished capital value tax (CVT) on the import of vehicles effective June 9. According to a notification issued on Wednesday, the CVT has been withdrawn on the import of vehicles with retrospective effect ie June 9,
Published 21 Jun, 2007 12:00am
Rs eight billion bid for 12-month treasury bills accepted

Rs eight billion bid for 12-month treasury bills accepted

The State Bank of Pakistan (SBP) on Wednesday accepted Rs 8 billion for the sale of 12-month treasury bills on 9.1597 percent cut-off yield. Bids were opened at 11:30 hours on June 20, 2007. No bid was received for the 3-month and 6-month treasury bills,
Published 21 Jun, 2007 12:00am
Rs eight billion bid for 12-month treasury bills accepted

Rs eight billion bid for 12-month treasury bills accepted

The State Bank of Pakistan (SBP) on Wednesday accepted Rs 8 billion for the sale of 12-month treasury bills on 9.1597 percent cut-off yield. Bids were opened at 11:30 hours on June 20, 2007. No bid was received for the 3-month and 6-month treasury bills,
Published 21 Jun, 2007 12:00am
Rs eight billion bid for 12-month treasury bills accepted

Rs eight billion bid for 12-month treasury bills accepted

The State Bank of Pakistan (SBP) on Wednesday accepted Rs 8 billion for the sale of 12-month treasury bills on 9.1597 percent cut-off yield. Bids were opened at 11:30 hours on June 20, 2007. No bid was received for the 3-month and 6-month treasury bills,
Published 21 Jun, 2007 12:00am
Rs eight billion bid for 12-month treasury bills accepted

Rs eight billion bid for 12-month treasury bills accepted

The State Bank of Pakistan (SBP) on Wednesday accepted Rs 8 billion for the sale of 12-month treasury bills on 9.1597 percent cut-off yield. Bids were opened at 11:30 hours on June 20, 2007. No bid was received for the 3-month and 6-month treasury bills,
Published 21 Jun, 2007 12:00am
Duty reduction on various items notified

Duty reduction on various items notified

Pakistan has announced further tariff concessions on the imports of 1,235 items Pak-China and 128 goods Pak-Malaysia under Early Harvest Program (EHP); 602 items from Sri Lanka; 475 items from Iran under Preferential Trade Agreement (PTA) and fourth phase
Published 21 Jun, 2007 12:00am
Duty reduction on various items notified

Duty reduction on various items notified

Pakistan has announced further tariff concessions on the imports of 1,235 items Pak-China and 128 goods Pak-Malaysia under Early Harvest Program (EHP); 602 items from Sri Lanka; 475 items from Iran under Preferential Trade Agreement (PTA) and fourth phase
Published 21 Jun, 2007 12:00am
Duty reduction on various items notified

Duty reduction on various items notified

Pakistan has announced further tariff concessions on the imports of 1,235 items Pak-China and 128 goods Pak-Malaysia under Early Harvest Program (EHP); 602 items from Sri Lanka; 475 items from Iran under Preferential Trade Agreement (PTA) and fourth phase
Published 21 Jun, 2007 12:00am
Duty reduction on various items notified

Duty reduction on various items notified

Pakistan has announced further tariff concessions on the imports of 1,235 items Pak-China and 128 goods Pak-Malaysia under Early Harvest Program (EHP); 602 items from Sri Lanka; 475 items from Iran under Preferential Trade Agreement (PTA) and fourth phase
Published 21 Jun, 2007 12:00am
PTD fails to implement transport policy

PTD fails to implement transport policy

Punjab Transport Department has badly failed to implement the transport policy in the provincial capital. Consequently, passengers have to face a lot of difficulties like over-loading, passengers scuffling with each other.
Published 21 Jun, 2007 12:00am
Opposition daydreaming about power: Elahi

Opposition daydreaming about power: Elahi

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that Pakistan Peoples Party and PML- N leadership is engaged in daydreaming about power disregarding the fact that it is for the people to decide which political party and leader deserve their votes at
Published 21 Jun, 2007 12:00am
FAP seeks more incentives

FAP seeks more incentives

Farmers Associates Pakistan (FAP) while appreciating the allocation of funds for construction of different dams and water reservoirs in the budget 2007-08 has urged the government to allocate amount for construction of Kalabagh dam too in the budget for t
Published 21 Jun, 2007 12:00am
Lawyers observe routine strike

Lawyers observe routine strike

The lawyers will take out a protest rally on Thursday at Mall Road under protest against suspension of Chief Justice Pakistan wherein political workers and other organisations of civil society will also participate.
Published 21 Jun, 2007 12:00am
Punjab chief minister inaugurates new train between Lahore and Mianwali

Punjab chief minister inaugurates new train between Lahore and Mianwali

Chief Minister Punjab Chaudhry Pervaiz Elahi inaugurated a new passenger train service at the Lahore Railways Station here on Wednesday. The new train "Mianwali Non-Stop Express" left for Mianwali at 10:00pm and will reach at Mianwali at 5.45am on Thursda
Published 21 Jun, 2007 12:00am
Funds utilisation up 94 percent: Dareshak

Funds utilisation up 94 percent: Dareshak

Punjab Finance Minister Hasnain Bahadur Dareshak apprising the Provincial Assembly in general discussion on proposed budget 2007-08 here on Wednesday said that the provincial government had increased 94 percent of its funds utilisation.
Published 21 Jun, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Jun, 2007 12:00am
40 suspected Taliban held

40 suspected Taliban held

The authorities arrested at least 40 suspected pro-Taliban militants in a campaign to eliminate weapons from a tribal area bordering Afghanistan, officials said on Wednesday.
Published 21 Jun, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
'Sir' title sought for Osama bin Laden

'Sir' title sought for Osama bin Laden

Parliamentarian and Jamiat Ulema-e-Islam (JUI) head Samiul Haq on Wednesday demanded a 'Sir' title for Osama bin Laden of the al Qaeda in retaliation for Britain knighting author Salman Rushdie.
Published 21 Jun, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 21 Jun, 2007 12:00am
Protests against Rushdie knighthood continue

Protests against Rushdie knighthood continue

Hundreds of women wearing all-covering burqas protested in front of parliament on Wednesday against Britain's award of a knighthood to novelist Salman Rushdie.
Published 21 Jun, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jun, 2007 12:00am
Reforms agenda adds PML confidence: Prime Minister

Reforms agenda adds PML confidence: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said the elections would be held on schedule and assemblies would complete their term in accordance with the mandate of people. The prime minister was talking to a group of parliamentarians, including ministers, wh
Published 21 Jun, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Jun, 2007 12:00am
Tariq exposes Benazir, Nawaz's democratic credentials

Tariq exposes Benazir, Nawaz's democratic credentials

Pakistan's Minister of State for Information Tariq Azim Khan has denounced PPP Chairperson Benazir Bhutto for criticising the present government, saying her regime was a "big disappointment" for the people who elected her twice as prime minister.
Published 21 Jun, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Wheat exporters in a fix: no response from Minfal

Wheat exporters in a fix: no response from Minfal

The private sector is totally ignorant about wheat export policy as the Ministry of Food, Agriculture and Livestock (Minfal) is not responding to calls for compensation against penalties it bore on LCs opening, sources told Business Recorder.
Published 21 Jun, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Turkish traders invited to invest in AJK

Turkish traders invited to invest in AJK

Prime Minister of Azad Jammu and Kashmir (AJK) Sardar Attique Ahmed Khan on Wednesday invited Turkish industrialist for joint investment in quake hit areas of AJK.
Published 21 Jun, 2007 12:00am
Legality of NWFP session questioned

Legality of NWFP session questioned

The proceedings of the budget session of NWFP confronted a constitutional controversy after joint opposition in the house questioned the legality of the business due to vacancy of Deputy Speaker for the last 15 months.
Published 21 Jun, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Ijaz's comments slammed

Ijaz's comments slammed

Benazir Bhutto on Wednesday condemned a serving cabinet minister who said a suicide attack against Salman Rushdie was justified after Britain awarded him a knighthood.
Published 21 Jun, 2007 12:00am
NAB placed 184 persons on ECL in 2006: spokesman

NAB placed 184 persons on ECL in 2006: spokesman

National Accountability Bureau (NAB) has placed 184 accused persons on Exit Control List (ECL) through Ministry of Interior during 2006 putting the number of total persons on ECL as on December 31, 2006 to 654.
Published 21 Jun, 2007 12:00am
THE RUPEE: dollar gains ground

THE RUPEE: dollar gains ground

The rupee weakness was extended its in the open market on Wednesday as it lost 10 paisa for buying at Rs 61.18 and shedding seven paisa for selling at Rs 61.25, dealers said. Higher demand for dollar forced the rupee to recent slide and it may continue ti
Published 21 Jun, 2007 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Prime Minister entered the Parliament House outer gate exactly at 1015 on the morning of Wednesday, a day reserved for taking up the Opposition's cut motions.
Published 21 Jun, 2007 12:00am
THE RUPEE: dollar gains ground

THE RUPEE: dollar gains ground

The rupee weakness was extended its in the open market on Wednesday as it lost 10 paisa for buying at Rs 61.18 and shedding seven paisa for selling at Rs 61.25, dealers said. Higher demand for dollar forced the rupee to recent slide and it may continue ti
Published 21 Jun, 2007 12:00am
Alleged human trafficker held

Alleged human trafficker held

The Federal Investigation Agency at Karachi Airport has arrested an alleged human trafficker, who was leaving for the United Arab Emirates (UAE) via Oman along with a woman and a child victim. Accused Rasheed Ahmed, the alleged human trafficker, was earli
Published 21 Jun, 2007 12:00am
Withdrawal of one percent surcharge on E&P companies imports sought

Withdrawal of one percent surcharge on E&P companies imports sought

Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) has protested with the Central Board of Revenue (CBR) over slapping of 1 percent surcharge on exploration and production E&P companies imports. It also demanded of chairman Abdul
Published 21 Jun, 2007 12:00am
No gap between electricity demand and supply: minister

No gap between electricity demand and supply: minister

Presently there is no gap between demand and supply of power in the country due to increase in the hydel and thermal power generation. This was observed in a meeting held here on Wednesday to review the power situation with Federal Minister for Water and
Published 21 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Site area to get desalinated water soon: Kamal

Site area to get desalinated water soon: Kamal

City Nazim Syed Mustafa Kamal has said the Site industrial area would soon get supply of 25mgd desalinated water. The city nazim said this while talking to a delegation, led by Zubair Motiwala, called on him in his office here on Wednesday.
Published 21 Jun, 2007 12:00am
Swedish firm, KWSB to set up power plant in Dhabeji

Swedish firm, KWSB to set up power plant in Dhabeji

The Karachi Water and Sewerage Board (KWSB) and a Swedish company, under public-private partnership, will install a 40 megawatts power plant in Dhabeji. The Swedish firm would invest $100 million.
Published 21 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
SHC allows Qadir Magsi to proceed abroad

SHC allows Qadir Magsi to proceed abroad

A division bench of High Court of Sindh Wednesday granted permission to chief of Sindh Taraqqi Pasand Party (STPP), Dr Qadir Magsi to proceed abroad for a period of two months.
Published 21 Jun, 2007 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Sida to launch Rs 10 billion project under WSIP

Sida to launch Rs 10 billion project under WSIP

Sindh Irrigation and Drainage Authority (Sida) would launch a foreign- funded mega project under Water Sector Improvement Programme (WSIP) worth Rs 10 billion.
Published 21 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 21, 2007.

Published 21 Jun, 2007 12:00am
RSF condemns arrest of journalist

RSF condemns arrest of journalist

The Paris-based international organisation of journalists Reporters Sans Frontiers (Reporters Without Borders) has called for the release of Abdul Latif Gola, the Urdu-language daily Jang's correspondent in Jafarabad, Balochistan, who was arrested on 17 J
Published 21 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 21, 2007.

Published 21 Jun, 2007 12:00am
Annual shopping gala in Dubai

Annual shopping gala in Dubai

Pakistani passengers looking forward to the Dubai Summer Surprises packages will be delighted to know that weeks of fun and excitement can be theirs for as little as $50. DSS is very popular with Pakistani travellers of Emirates Airline.
Published 21 Jun, 2007 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, June 21, 2007.

Published 21 Jun, 2007 12:00am
Export database: TDAP inks deal with ICIL

Export database: TDAP inks deal with ICIL

The Trade Development Authority of Pakistan (TDAP) has entered into an agreement with the well-known business database company, International Credit Information Limited (ICIL), in keeping with its commitment for the development, setting up and maintenance
Published 21 Jun, 2007 12:00am
Country's soft image promotion underlined

Country's soft image promotion underlined

Government needs to promote soft image of the country, as foreigners are still reluctant to visit Pakistan. Ashraf Kapadia, President, Pakistan Software Houses Association (P@SHA) said at the closing ceremony of 'Pakistan Developers Conference' organised
Published 21 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (June 20, 2007) and for Thursday (June 21, 2007).
Published 21 Jun, 2007 12:00am
'Government fails to provide relief to people'

'Government fails to provide relief to people'

Consumer Foundation (CF) has termed the federal budget as an 'election slogan' by the government failing to provide the public with relief in its eight years tenure, said a press release issued here the other day.
Published 21 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Engro Foods launches speaker series

Engro Foods launches speaker series

The New Initiatives Department of Engro Foods Limited has launched the "Excelsus Speaker Series - 2007" with a view to showcase business leaders both from Pakistan and abroad, to inspire and develop its key resources for tomorrow.
Published 21 Jun, 2007 12:00am
PCGA over charging annoys MoC official

PCGA over charging annoys MoC official

The Ministry of Commerce's Director Trade Organisation, Pir Muhammad Khan Bangash took a serious note over charging of Rs 6,000 per member as annual renewal fee instead of Rs 3000. He directed Pakistan Cotton Ginners Association (PCGA) to get only Rs 3000
Published 21 Jun, 2007 12:00am
Prgmea demands establishment of Apparel Board

Prgmea demands establishment of Apparel Board

Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has urged the government to establish Pakistan Apparel Board (PAB) in the country to promote the exports of the value-added garments from Pakistan instead of exporting raw cotton
Published 21 Jun, 2007 12:00am
Farmers advised to spray cotton plant stem

Farmers advised to spray cotton plant stem

Dr Naveed Ahmed, entomologist, Central Cotton Research Institute (CRI), has suggested to the farmers to spray cotton plant's stem instead of its leaves. Talking to APP on Wednesday he said that mealy bug has not been controlled because the growers are tar
Published 21 Jun, 2007 12:00am
'Saving post-harvest losses to help in achieving food autarky'

'Saving post-harvest losses to help in achieving food autarky'

About 25 to 45 percent post-harvest losses occur in food and horticultural produce due to non-availability of food processing and post-harvest technology in the country. "If we can overcome these losses, there would be no extra requirement of water and so
Published 21 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 21 Jun, 2007 12:00am
48 more field schools to open from July

48 more field schools to open from July

Another 48 Farmers Field Schools (FFSs) would become functional here from July 1, to train the mango growers about the best agriculture practices and use of modern technology to enhance the farm yield. This was stated by Deputy Director of Fruit and Veget
Published 21 Jun, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 20, 2007).

Published 21 Jun, 2007 12:00am
'Title to Rushdie appalling'

'Title to Rushdie appalling'

Lord Nazir Ahmed has said the British government took an appalling decision by conferring the title of 'Sir' on Salman Rushdie. In an interview with PTV, he said it was not in the interest of British government to hurt the feelings of Muslims.
Published 21 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 21 Jun, 2007 12:00am
Pakistan and Algeria face same challenges: Mushahid

Pakistan and Algeria face same challenges: Mushahid

Freedom-loving people all over the world will continue to derive inspiration from the epic and heroic struggle waged by the brave Algerian people to achieve independence, says Senator Mushahid Hussain Syed, Chairman of the Senate Standing Committee on For
Published 21 Jun, 2007 12:00am
New York cotton

New York cotton

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

Published 21 Jun, 2007 12:00am
Norwegian envoy makes farewell call on President

Norwegian envoy makes farewell call on President

The outgoing Norwegian ambassador Janis Bjorn Kanavin paid a farewell call on President General Pervez Musharraf here on Wednesday. During the meeting the President lauded the efforts of Janis Bjorn Kanavin for enhancing the existing bilateral relations b
Published 21 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (June 20, 2007) and the forecast for Thursday (June 21, 2007).
Published 21 Jun, 2007 12:00am
Senators for Arab world's support on Kashmir

Senators for Arab world's support on Kashmir

Chairman Senate Foreign Relations Committee Sayed Mushahid Husain reminisced about the epic and heroic struggle of the Algerians to win independence from the French five decades ago and said then Pakistan was their partner in the campaign and its memory s
Published 21 Jun, 2007 12:00am
CBR evolves new procedure for cash rewards

CBR evolves new procedure for cash rewards

The Central Board of Revenue (CBR) has evolved a new procedure for cash rewards to the tax officials for "meritorious services" to check misuse of reward rules. Sources told Business Recorder on Wednesday that the tax authorities have approved a cr
Published 21 Jun, 2007 12:00am
Swat and Kabul rivers in high flood

Swat and Kabul rivers in high flood

As many as four rivers of NWFP are flowing above normal level as high floods have been reported in river Swat, Shah Alam, Kabul and Kunhar where the water discharge has been recorded at 17679, 8008, 26693 and 6530 cusecs respectively.
Published 21 Jun, 2007 12:00am
Power to 10 government tube-wells cut off

Power to 10 government tube-wells cut off

The power supply disconnection and arrears recovery campaign of Peshawar Electricity Supply Company (Pesco) against defaulting government departments is in progress, as a result of which 10 more government tube-wells power has been disconnected in Rural D
Published 21 Jun, 2007 12:00am
Around four kids abused daily, survey shows

Around four kids abused daily, survey shows

An estimated 23 million children are not going to school which shows that child labour has risen to 10 million in the country with about 1.2 million street children. Child labour survey 2006 shows approximately four children are abused daily.
Published 21 Jun, 2007 12:00am
Donors' support sought in repatriation of Afghan DPs

Donors' support sought in repatriation of Afghan DPs

Minister for States and Frontier Region Sardar Yar Muhammad Rind Wednesday asked the major donor countries to support the United Nations High Commissioner for Refugees (UNHCR) with generous contribution for sustained returns of Afghans from Pakistan.
Published 21 Jun, 2007 12:00am
Lawyers body to submit reference against LHC Chief Justice

Lawyers body to submit reference against LHC Chief Justice

A seven-member committee headed by Vice-Chairman Punjab Bar Council (PBC) Tariq Javed has said that PBC has constituted a committee to prepare and submit a reference against Chief Justice Lahore High Court before Supreme Judicial Council within two weeks.
Published 21 Jun, 2007 12:00am
HRCP concerned over attack in Waziristan

HRCP concerned over attack in Waziristan

Less than 24 hours after the attack on an alleged madrassah in North Waziristan that killed at least 22 persons, there are already indications that feelings of hatred and anger are rising in response to the incident.
Published 21 Jun, 2007 12:00am
Puppetry workshop

Puppetry workshop

Museum of Puppetry is holding writing and puppet making workshop on June 17th to 22nd, 2007 at Museum of Puppetry with the collaboration of an NGO Plan Pakistan. The children of different age groups from 8 to 18 plus years will participate in this worksho
Published 21 Jun, 2007 12:00am
'Allocation for agriculture sector helps bring green revolution'

'Allocation for agriculture sector helps bring green revolution'

Punjab Agriculture Minister Arshad Khan Lodhi has said that Rs 2.80 billion, that have been earmarked for agriculture development in the provincial budget 2007-08 and the subsidy announced on agricultural tube-wells and other inputs, would help bring abou
Published 21 Jun, 2007 12:00am
Punjab University delegation leaves for China today

Punjab University delegation leaves for China today

Punjab University will provide all facilities for exchange of educational delegations to spread awareness among its students about the educational uplift and advancement in the most modern disciplines at the international level.
Published 21 Jun, 2007 12:00am
Minister gives Rs 3.4 million for girls school renovation

Minister gives Rs 3.4 million for girls school renovation

Punjab Minister for Information Technology, Abdul Aleem Khan has donated Rs 3.4 million for the renovation of a local government Chughtai Girls High School whose up gradation has been approved at a cost of Rs 12.5 million.
Published 21 Jun, 2007 12:00am
Report sought on pre-monsoon arrangements

Report sought on pre-monsoon arrangements

The Punjab government has directed the managing directors of Water and Sanitation Agency (Wasa), Lahore, Gujranwala, Faisalabad, Rawalpindi and Multan to furnish a confirmation report regarding the preventive measures made for monsoon season, according to
Published 21 Jun, 2007 12:00am
HEC announces 3,000 scholarships for PhD programme

HEC announces 3,000 scholarships for PhD programme

It is the right of the institution to reject or accept any M. Phil leading to PhD awardee of Higher Education Commission while evaluating the candidate according to the set criteria of that university. This criterion, however, should be strictly in line w
Published 21 Jun, 2007 12:00am
Can makers demand duty-free import of raw material

Can makers demand duty-free import of raw material

Tin Can Manufacturers Association and Pakistan Iron and Steel Merchant Association have demanded to declare import of raw material like electrolytic tin plate, tin free steel and easy open ends for the packaging industry duty-free in the next budget.
Published 21 Jun, 2007 12:00am
PSMA deplores cane support price, subsidy on sugar

PSMA deplores cane support price, subsidy on sugar

The Pakistan Sugar Mills Association (PSMA) has drawn attention of Punjab government to bring down the minimum support price of sugarcane back to Rs 45 per maund from existing Rs 60 per maund because the subsidy, being given by the government to the tune
Published 21 Jun, 2007 12:00am
Students' protection programme soon: minister

Students' protection programme soon: minister

Punjab Education Minister Mian Imran Masood has said 'Students Protection Programme' will be introduced in all the public schools on the pattern of private schools. He said this while being briefed on Students Protection Programme here on Wednesday.
Published 21 Jun, 2007 12:00am
Stage set to receive CJP in Multan

Stage set to receive CJP in Multan

Pakistan Bar Council Vice Chairman, Mirza Aziz Akbar Baig appealed to traders, political parties and NGOs to accord a historic reception to the chief justice of Pakistan (CJP) on his arrival in Multan.
Published 21 Jun, 2007 12:00am
'Tanneries zone project being politicised'

'Tanneries zone project being politicised'

Most of the local tanners have alleged that the political heavy weights have politicised the project of tanneries zone for their personal gains. The project of establishing an international standard tannery zone near Sialkot still remains in doldrums, as
Published 21 Jun, 2007 12:00am
Karachi-Beijing flight: PIA advice to passengers

Karachi-Beijing flight: PIA advice to passengers

The Pakistan International Airlines (PIA) has advised the passengers to contact the PIA booking offices or travel agents in the country to get details about slight adjustment in flight schedule for Beijing.
Published 21 Jun, 2007 12:00am
World Bank to provide help against HPAI threat to humans

World Bank to provide help against HPAI threat to humans

World Bank will provide financial help to minimise threat posed to humans by HPAI infection and to prepare for, control, and respond to influenza pandemics and other infectious disease emergencies in humans, which will be completed with the total cost of
Published 21 Jun, 2007 12:00am
Monsoon tree plantation drive in AJK soon

Monsoon tree plantation drive in AJK soon

An extensive tree-plantation campaign across Azad Jammu Kashmir will be launched as soon as the coming monsoon started and at least five million saplings are targeted to be planted on over 14,000 acres of land during the drive.
Published 21 Jun, 2007 12:00am
Price hike exposes government claims, budget incentives

Price hike exposes government claims, budget incentives

Despite tall claims by the government and incentives offered in the budget, shopkeepers are fleecing consumers by charging high prices. The miseries of common man are increasing to many folds but the district administration particularly price control comm
Published 21 Jun, 2007 12:00am
PPP to challenge alleged manipulation in voters' lists

PPP to challenge alleged manipulation in voters' lists

The Pakistan People's Party (PPP) expressed its apprehension regarding the manipulation of the voters' lists and called it part of the government's plan for pre-poll rigging. The party vowed to challenge the alleged manipulation in the voters' lists in th
Published 21 Jun, 2007 12:00am
Opposition's cut motions either turned down or dropped

Opposition's cut motions either turned down or dropped

The government on Wednesday sailed through the National Assembly demands for grants amounting more than Rs 0.9 trillion for next fiscal years, as all the cut motions moved by the opposition were either turned down or dropped.
Published 21 Jun, 2007 12:00am
Final accord on IPI pipeline soon: Pakistani envoy

Final accord on IPI pipeline soon: Pakistani envoy

The final agreement on the $7 billion Iran-Pakistan-India gas pipeline is likely to be reached in next few weeks, Pakistan's ambassador to Iran Shafkat Saeed has said.
Published 21 Jun, 2007 12:00am
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