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May 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-05-27
'CBMs to pave way for Kashmir solution'

'CBMs to pave way for Kashmir solution'

Veteran Indian journalist and intellectual Kuldip Nayar has hoped that the ongoing confidence-building measures (CBMs) process between India and Pakistan would be fruitful and it would pave the way for the peaceful solution of all the outstanding issues,
Published 27 May, 2005 12:00am
Pakistan to get 'observer status' in SCO soon: China

Pakistan to get 'observer status' in SCO soon: China

China on Thursday hoped that Pakistan would soon get 'Observer status' in Shanghai Co-operation Organisation (SCO), a key regional security grouping. A spokesman of the Chinese Foreign Ministry, Kong Quan told reporters at the weekly news briefing that Ch
Published 27 May, 2005 12:00am
Steps taken for motoring public facilitation

Steps taken for motoring public facilitation

Motor Registering Authority (MRA), Lahore has taken various concrete and effective measures to facilitate the motoring public and redress their complaints on priority basis. MRA Lahore, Shakeel ur Rehman, since assuming the charge of his office, has accor
Published 27 May, 2005 12:00am
Banks bound to maintain secrecy of accountholders: LHC

Banks bound to maintain secrecy of accountholders: LHC

The Lahore High Court (LHC), while dismissing an appeal filed by State Bank of Pakistan (SBP), has observed that banks are bound under Banking Companies Ordinance, to keep secret details of its accountholders. The SBP had approached the court against the
Published 27 May, 2005 12:00am
'Punjab government upgrading THQ hospitals and RHCs'

'Punjab government upgrading THQ hospitals and RHCs'

Minister Health Punjab, Dr Tahir Ali Javed has said that Punjab government is upgrading THQ hospitals and RHCs by posting specialist doctors, besides making BHUs functional for the provision of modern medical facilities to the rural masses. He expressed t
Published 27 May, 2005 12:00am
South Asian media delegates to visit China in June

South Asian media delegates to visit China in June

A 15-member South Asian delegation comprising three journalists, each from Pakistan, India, Sri Lanka, Nepal and Bangladesh will pay a ten-day visit to China from first week of June. The Pakistani journalists include Imtiaz Alam (The News), Qudssia Akhlaq
Published 27 May, 2005 12:00am
Case of Jehangir not taken up

Case of Jehangir not taken up

A three-member bench of the Supreme Court of Pakistan on Thursday did not take up case of Jehangir Badar due to hearing of other cases in the court. The case was fixed for hearing before the bench of the Apex Court comprising Chief Justice of Pakistan, Ju
Published 27 May, 2005 12:00am
Peace moot participants meet press today

Peace moot participants meet press today

The participants of the Pak-India peace conference will attend a meet-the-press programme here on Friday at a local hotel. During their interaction with the newsmen, the peace conference participants will share the outcome of their discussions and future
Published 27 May, 2005 12:00am
PTCL extends free connection scheme

PTCL extends free connection scheme

Pakistan Telecommunication Company Limited (PTCL) has extended its 'Totally Free' telephone connection scheme till June 1, Executive Vice President (Operations) South, Rehmatullah, announced here on Thursday. Under the scheme, the applicants are provided
Published 27 May, 2005 12:00am
Secondary school teachers hold demonstration

Secondary school teachers hold demonstration

Government Secondary School Teachers Association Hyderabad unit held demonstration here on Thursday protesting against posting of a head mistress at main school in Hyderabad. The demonstration was led by Vice President Allahdino Mallah, general secretary
Published 27 May, 2005 12:00am
Construction of Khokhrapar road to begin soon: Arbab

Construction of Khokhrapar road to begin soon: Arbab

Chief minister, Dr Arbab Ghulam Rahim said here on Thursday that the federal government and GHQ have approved the Khokhrapar road project and soon the construction work would start. Talking to the newsmen at Haider Farm, the home village of speaker, Sindh
Published 27 May, 2005 12:00am
Ten booked for kidnapping women

Ten booked for kidnapping women

Kotwali police have registered a case against eight people, including three women for kidnapping a young woman. According to reports, accused Ramazan and his accomplices broke into a house in Ayub Chowk here and abducted a girl. In another incident Shorko
Published 27 May, 2005 12:00am
Pakistani mediamen team leaves for SAEF moot in India

Pakistani mediamen team leaves for SAEF moot in India

A group of senior Pakistani editors, media practitioners and civil society activists Thursday left Karachi for Hyderabad Deccan, India to participate in 6th conference of the South Asian Editors' Forum being held on May 27-28.
Published 27 May, 2005 12:00am
Four new labour colonies to be set up in Punjab

Four new labour colonies to be set up in Punjab

Punjab Chief Minister Chaudhry Pervaiz Elahi has approved four new labour colonies projects costing Rs 950 million for industrial workers in different districts of the province. Punjab Labour and Manpower Minister Syed Akhtar Hussain Rizvi in an exclusive
Published 27 May, 2005 12:00am
UVAS certificate distribution ceremony

UVAS certificate distribution ceremony

The University of Veterinary and Animal Sciences (UVAS), Lahore was equally focusing on character building and personality development of students to make them useful citizens as well as competent veterinarians. This was stated by vice-chancellor, Profess
Published 27 May, 2005 12:00am
First European documentary film festival from May 27

First European documentary film festival from May 27

The first European Union documentary film festival will begin in Karachi on Friday aimed at creating a better understanding among Pakistani audience about diverse and cosmopolitan European culture, stimulate debate on similarities, differences, and contri
Published 27 May, 2005 12:00am
Sindh E&T department updates tax collection procedure

Sindh E&T department updates tax collection procedure

The Provincial Excise and Taxation (E&T) Department has modernised its tax collection procedure to enhance the tax recovery and facilitate taxpayers. The department has modified the procedure for collection of Infrastructure Cess through computer generate
Published 27 May, 2005 12:00am
Masses set high hopes with coming budget

Masses set high hopes with coming budget

The countdown for announcement of the budget for fiscal 2005-06 has started. The budget is being awaited by every segment of society with varying degree of hope and uncertainty, with a majority looking forward to some relief from the financial crunch. Eco
Published 27 May, 2005 12:00am
The Weather

The Weather

The weather report on Thursday (May 26) and the forecast for Friday (May 27, 2005).
Published 27 May, 2005 12:00am
'Strict criterion for teachers appointment at DUHS'

'Strict criterion for teachers appointment at DUHS'

Dow University of Health Sciences (DUHS) Syndicate has approved 167 appointments against the vacant posts of professors, associate professors and assistant professors in 40 different units and varied departments pertaining to basic and clinical sciences o
Published 27 May, 2005 12:00am
New York cotton

New York cotton

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

Published 27 May, 2005 12:00am
Government-community joint efforts stressed to curtail crime

Government-community joint efforts stressed to curtail crime

Head of National Police Bureau Dr Shoaib Suddle has said that combined efforts of the government and community are needed to create a tolerant society to curtail the crime rate. There were different reasons for gangsterism and culture of violence in the s
Published 27 May, 2005 12:00am
New York cotton

New York cotton

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

Published 27 May, 2005 12:00am
$0.814 million projects approved for Sindh coastal areas

$0.814 million projects approved for Sindh coastal areas

The Central Development Working Party (CDWP) of the federal government has given its affirmative nod to Sindh Coastal and Inland Community Development Project coasting $0.814 million for the Coastal Zone of Sindh. The concept paper for the project, to be
Published 27 May, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
Shalimar Express escapes disaster

Shalimar Express escapes disaster

A Lahore-bound train 27-Up Shalimar Express overshot at Bahawalpur railway station on Wednesday because its brakes went out of order. Train driver Chaudhry Bashir Ahmed told reporters that he had noticed at the outer signal of Bahawalpur railway station t
Published 27 May, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
Youth killed in police custody

Youth killed in police custody

A 21-year-old Sajid Ali, arrested in a murder case, was allegedly killed in Macchiwal police custody on Wednesday. Reportedly, Muhammad Ajmal was shot and killed by unidentified robbers earlier, but his parents registered the case of his murder against Sa
Published 27 May, 2005 12:00am
Key stock market movements at 1700 GMT on May 26

Key stock market movements at 1700 GMT on May 26

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 27 May, 2005 12:00am
Textile city to generate 8,000 jobs

Textile city to generate 8,000 jobs

The Ministry of Textile has been allocated about 700 acres of land for the proposed "Textile City on soft terms to set up industrial units, the Senate Standing Committee on Ports and Shipping was informed in a meeting held at Port Qasim Authority secretar
Published 27 May, 2005 12:00am
Port Qasim works without pilot boat

Port Qasim works without pilot boat

It is indeed inconceivable that Port Qasim (PQ), Pakistan's second largest port, works without pilot boats. That is not the end of the story as the situation is no better with regard to other supporting equipment. There are only two tugs, one owned by the
Published 27 May, 2005 12:00am
MQM MPs call on Musharraf today

MQM MPs call on Musharraf today

A delegation of Muttahida Qaumi Movement (MQM) legislators will call on President General Pervez Musharraf on Friday (May 27) at the Governor House here, said MQM press release issued here on Wednesday. MQM Co-ordination Committee Deputy Convenor and part
Published 27 May, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
Sindh unlikely to achieve Rs 14 billion revenue target

Sindh unlikely to achieve Rs 14 billion revenue target

The Rs 14 billion revenue collection target set by the Sindh government for the 2004-05 fiscal seems difficult to be met as the frequent power breakdown and the continued increase in petroleum products have been adversely affecting the manufacturing secto
Published 27 May, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (May 26) and for Friday (May 27, 2005).
Published 27 May, 2005 12:00am
KWSB employees given promotions

KWSB employees given promotions

City Nazim Naimatullah Khan, who is also the chairman of Karachi Water and Sewerage Board (KWSB), gave letters of promotion and also announced to give plots to the employees of the Board at a ceremony that was held on Wednesday. The proposal regarding all
Published 27 May, 2005 12:00am
PIFCCI formation opposed

PIFCCI formation opposed

The induction of the new office-bearers of Indo-Pak Chamber of Commerce and Industry (IPCCI) has been described as illegal by IPCCI President Senator Ilyas Ahmed Bilour. In a press statement here on Thursday, he criticised the formation of the Pakistan In
Published 27 May, 2005 12:00am
IBP extends services to Afghanistan

IBP extends services to Afghanistan

Institute of Bankers Pakistan (IBP) has set up its first co-ordinating office in Kabul, Afghanistan as a sequel to appointment of its 20 overseas co-ordinators in Europe, America, Asia and Canada by Dr Ishrat Husain, Governor, State Bank of Pakistan for c
Published 27 May, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
CDA to re-advertise bidding for Compost Plant

CDA to re-advertise bidding for Compost Plant

Capital Development Authority (CDA) Chairman Kamran Lashari has directed the environment wing of the authority to re-advertise bidding for Rs 200 million Capital Compost Plant, officials said on Wednesday. Earlier, the contract was awarded to SAF Group of
Published 27 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
Petition against helmet: Punjab chief secretary submits reply

Petition against helmet: Punjab chief secretary submits reply

The wearing of helmet has been made mandatory in the province in view of bad condition of the roads. Chief Secretary Punjab submitted this in his reply to a petition filed against restriction of wearing helmet by the motorcyclists. He also suggested the c
Published 27 May, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
World tourism expo opens today

World tourism expo opens today

A three-day international exhibition on travel, tourism, hospitality and recreation will be inaugurated by Dr Ghazi Gulab Jamal at the Expo Centre, here on Friday (May 27). The Emirates Airlines has established a booth in Hall Z, where several of its staf
Published 27 May, 2005 12:00am
Budget proposals: FPCCI suggests tax on agriculturists

Budget proposals: FPCCI suggests tax on agriculturists

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) suggested that all the segments of the society, including agriculturists should be brought in to the tax net. In its budget proposal for the year 2005-06, the federation pleaded that the
Published 27 May, 2005 12:00am
Labour Party stages demonstration

Labour Party stages demonstration

Activists of Labour Party Pakistan (LPP) staged a demonstration here on Thursday in protest against the proposed privatisation of Pakistan Telecommunication Company Limited (PTCL). Addressing the demonstrators, Farooq Tariq, Secretary General Labour Party
Published 27 May, 2005 12:00am
THE RUPEE: down trend pervades money market

THE RUPEE: down trend pervades money market

Downward revision was seen in the interbank market on Thursday as the rupee shed three paisa versus the dollar for buying and selling at 59.56 and 59.57, respectively. High demand for dollars forced the rupee to give up its overnight gains as leading bank
Published 27 May, 2005 12:00am
CEC dismisses petition against Imtiaz

CEC dismisses petition against Imtiaz

The Chief Election Commissioner (CEC) on Thursday dismissed a petition seeking disqualification of former Revenue Minister of Sindh Imtiaz Ahmed Shaikh on the charges of concealing assets in yearly statements.
Published 27 May, 2005 12:00am
THE RUPEE: down trend pervades money market

THE RUPEE: down trend pervades money market

Downward revision was seen in the interbank market on Thursday as the rupee shed three paisa versus the dollar for buying and selling at 59.56 and 59.57, respectively. High demand for dollars forced the rupee to give up its overnight gains as leading bank
Published 27 May, 2005 12:00am
Piaf urges government to abolish fee on hotels

Piaf urges government to abolish fee on hotels

Pakistan Industrial and Traders Associations Front (Piaf) has urged the government to abolish commercialisation fee on hotels in order to promote tourism besides giving equal incentives to domestic and foreign investors. This was demanded by the Piaf Vice
Published 27 May, 2005 12:00am
Saudi envoy for expanding trade ties with Pakistan

Saudi envoy for expanding trade ties with Pakistan

Saudi Ambassador, Ali S. Awadh Asseri has said that there is a need to expand trade ties between Pakistan and Saudi Arabia by signing more protocol agreements. He was speaking at the LCCI function here on Thursday. The LCCI President Mian Misbah-ur-Rehman
Published 27 May, 2005 12:00am
Cell set up to boost industrial output

Cell set up to boost industrial output

Industries, Production and Special Initiatives Ministry has established a "Special Initiative Cell" to boost industrial production. A senior official in the ministry told Business Recorder here on Thursday that working on the establishment of the c
Published 27 May, 2005 12:00am
Yaseen Malik to lead JKLF team to Pakistan

Yaseen Malik to lead JKLF team to Pakistan

Jammu and Kashmir Liberation Front (JKLF) Chairman Mohammad Yaseen Malik on Thursday said he would lead his party's delegation to Pakistan and Azad Jammu and Kashmir on June 2. "A high-profile delegation of JKLF, including members from the US, Canada and
Published 27 May, 2005 12:00am
Poppy cultivation on the rise in Afghanistan: ANF

Poppy cultivation on the rise in Afghanistan: ANF

Increase in poppy cultivation in Afghanistan from 400 hectare in 2004 to 600 hectare in 2005 is a dangerous trend causing alarming situation for the neighbouring countries, said Colonel Wasif Sajjad, Regional Director of Anti-Narcotics Force (ANF) Rawalpi
Published 27 May, 2005 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
Government asked to check inflation

Government asked to check inflation

The Rawalpindi Chamber of Commerce and Industry (RCCI) has called upon government to take stock of the worsening situation of the country as a result of the inflation and asked the government to pay attention to the mounting inflation. Talking to reporter
Published 27 May, 2005 12:00am
Prime Minister to open OIC meeting on May 28

Prime Minister to open OIC meeting on May 28

Prime Minister Shaukat Aziz would inaugurate the second and final meeting of the Organisation of Islamic Conference (OIC) Commission of Eminent Persons (CEP) here at a local hotel on Saturday. Senate Standing Committee's Chairman on Foreign Affairs and Pa
Published 27 May, 2005 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
1,250 women fall prey to karo kari during 2004

1,250 women fall prey to karo kari during 2004

Statistics of a study carried out by an NGO has revealed that some 1,250 women were killed in the country during 2004. The organisation has pointed out that the statistics on the frequency of the honour killing remain shadowy, as it occurs in the family's
Published 27 May, 2005 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2005 12:00am
MMA alarmed over PML's intention: Tahafuz-e-Quran Day today

MMA alarmed over PML's intention: Tahafuz-e-Quran Day today

The ruling Pakistan Muslim League's intention to be part of "Tahafuz-e-Quran Day" on Friday has alarmed the Muttahida Majlis-i-Amal (MMA). MMA Deputy Secretary General Liaquat Baloch told newsmen here that the PML leaders and activists' participati
Published 27 May, 2005 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2005 12:00am
PML-N criticises government for safeguarding US interests

PML-N criticises government for safeguarding US interests

Speakers at a function organised by Pakistan Muslim League (Nawaz) (PML-N) Lawyers Forum have criticised the government for safeguarding the interests of America and working against the national interests. The function was arranged by Pakistan Muslim Leag
Published 27 May, 2005 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2005 12:00am
'Fazl and Durrani not to participate in NSC meeting'

'Fazl and Durrani not to participate in NSC meeting'

Senior minister and Jamaat-i-Islami Amir Sirajul Haq has ruled out participation of the MMA leader Maulana Fazlur Rehman and Chief Minister Akram Durrani in the meeting of the National Security Council (NSC), scheduled on June 8. Talking to reporters here
Published 27 May, 2005 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 May, 2005 12:00am
Rangers to continue running hydrants

Rangers to continue running hydrants

The Rangers will continue to run hydrants because Karachi Water & Sewerage Board (KWSB) could not take over these hydrants owing to certain technical difficulties. This was announced at a joint press conference by KWSB Managing Director, Brigadier Iftikha
Published 27 May, 2005 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (May 26, 2005).

Published 27 May, 2005 12:00am
Carjackers with arms, 7 vehicles arrested

Carjackers with arms, 7 vehicles arrested

The Anti-Car Lifting Cell (ACLC) of Sindh police with the help of a local vehicle tracking company "C Track" busted three members of a group involved in selling and purchasing of stolen cars from the metropolis. The ACLC also recovered three TT pistols an
Published 27 May, 2005 12:00am
BWA donates books to Liaquat Library

BWA donates books to Liaquat Library

Hundreds of books, including several reference books, donated by the British Women's Association (BWA) were added to the Liaquat Memorial Library in Karachi in a ceremony at the premises of the Liaquat Memorial Library. Several luminaries, including Feder
Published 27 May, 2005 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 May, 2005 12:00am
Arshad named FPCCI body senior vice chairman

Arshad named FPCCI body senior vice chairman

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Chaudhry Mohammed Saeed has nominated Syed Arshad Ali as Senior Vice-Chairman of the Federation's Standing Committee on law and order. President FPCCI hoped that as Vice-Chairman,
Published 27 May, 2005 12:00am
Prime Minister approves Rs 1 billion Karachi uplift package: MQM

Prime Minister approves Rs 1 billion Karachi uplift package: MQM

Prime Minister Shaukat Aziz has approved Rs 1 billion development package for Karachi on the recommendations of the National Assembly members Muttahida Qaumi Movement (MQM). Around 200 development schemes are being initiated under this development package
Published 27 May, 2005 12:00am
JCR-VIS announces ratings of Pakistan Steel

JCR-VIS announces ratings of Pakistan Steel

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial medium to long-term rating of A (Single A) and short-term rating of A-1 (A One) to Pakistan Steel Mills Corporation (Pvt) Ltd (PSMC). The outlook on the medium to long-term rating is 'St
Published 27 May, 2005 12:00am
JCR-VIS announces ratings of Pakistan Steel

JCR-VIS announces ratings of Pakistan Steel

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial medium to long-term rating of A (Single A) and short-term rating of A-1 (A One) to Pakistan Steel Mills Corporation (Pvt) Ltd (PSMC). The outlook on the medium to long-term rating is 'St
Published 27 May, 2005 12:00am
USAID to help set up management information system

USAID to help set up management information system

The United States Agency for International Development (USAID) will assist the government in establishing a management information system (MIS) for a credible educational data. This was agreed by Christina Rocca, US Assistant Secretary of State for South
Published 27 May, 2005 12:00am
Pakistan and India private sectors resolve to exploit trade potential

Pakistan and India private sectors resolve to exploit trade potential

The private sectors of India and Pakistan on Thursday resolved to exploit trade potential between the two countries to boost trade and investment in the coming years. The representatives of Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Published 27 May, 2005 12:00am
Soomro for enhanced business ties with India

Soomro for enhanced business ties with India

Senate Chairman Mohammedmian Soomro underlined the need for enhanced trade and business co-operation between Pakistan and India for the progress and prosperity of people of subcontinent. He was talking to a delegation of the Federation of the Indian Chamb
Published 27 May, 2005 12:00am
Mobilink GSM gets certificate

Mobilink GSM gets certificate

Mobilink GSM organised a two-day session in Islamabad. The session was conducted by Professor Guenter Stahl and Professor Katherian Koster of Insead Executive Education Council. Dilating on the purpose of the workshop, Mobilink President and CEO Zouhair A
Published 27 May, 2005 12:00am
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