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Print - 2006-02-16
Fun programme for special children

Fun programme for special children

Fun and food programme for special children, a concept which was launched about four years ago by renowned artist and social worker Jimmy Engineer, has picked up momentum and different restaurants, five-star hotels, private clubs and parks have started in
Published 16 Feb, 2006 12:00am
Sindh government to set up computer laboratories in schools, colleges

Sindh government to set up computer laboratories in schools, colleges

The Sindh government is actively considering to establish latest computer laboratories in all colleges and schools throughout province to promote computer literacy aimed to produce trained and qualified youth that can face challenges of modern world.
Published 16 Feb, 2006 12:00am
The show must go on

The show must go on

The recent anti-encroachment drive launched by the City District Government Karachi (CDGK) is good news for the people as the encroachers have occupied areas without the slightest regard for the discomfort of the general public.
Published 16 Feb, 2006 12:00am
New book Mo's Star launched

New book Mo's Star launched

Unilever Pakistan Limited has organised and hosted the launch of a book - Mo's Star, in collaboration with Oxford University Press Pakistan, Project Reaching for the Stars and The Citizen's Foundation at a local hotel here on Wednesday.
Published 16 Feb, 2006 12:00am
Foreign office condemns killing of Chinese engineers

Foreign office condemns killing of Chinese engineers

Pakistan on Wednesday strongly condemned killing of three Chinese engineers, who were working in a cement factory in Hub, Balochistan. The foreign office spokesperson, in a statement issued here said, the people and the government of Pakistan condemn in t
Published 16 Feb, 2006 12:00am
Payment of minimum wage ordered

Payment of minimum wage ordered

Sindh Industries Minister Adil Siddiqui has instructed all the industrial and commercial units to pay wages at the rate of Rs 3000 per month to their unskilled workers as has been prescribed by the Sindh Minimum Wages Board (SMWB), it was learnt on Wednes
Published 16 Feb, 2006 12:00am
15,505 applications received for watercourse uplift

15,505 applications received for watercourse uplift

The Provincial Agriculture Department (PAD) claimed that it has received 15,505 applications for participation in National Programme for Improvement of Watercourse during the current financial year. While 6,678 watercourses have been formed and would unde
Published 16 Feb, 2006 12:00am
Solid waste system privatised

Solid waste system privatised

The City district government of Karachi (CDGK) has handed over the solid waste management system of the city to private sector on Wednesday. In this regard, a signing ceremony to privatise the solid waste management was held at the CDGK office located in
Published 16 Feb, 2006 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 16 Feb, 2006 12:00am
Karachi Traffic Management Board notified

Karachi Traffic Management Board notified

Sindh Chief Secretary Fazalur Rehman on Wednesday notified the nine-member Traffic Management Board (TMB), established recently with City Nazim Syed Mustafa Kamal as its chairman, to sort out traffic problems here.
Published 16 Feb, 2006 12:00am
Pasban calls for strike on February 17

Pasban calls for strike on February 17

The Pasban Pakistan on Wednesday has appealed to the citizens to observe a complete strike on Friday in Karachi to show resentment against the European newspapers for publishing blasphemous cartoons of the Holy Prophet (PBUH).
Published 16 Feb, 2006 12:00am
MMA to stage protest rally on February 19

MMA to stage protest rally on February 19

Jamaat-i-Islami (JI) Secretary General and Muttahida Majlis-i-Amal (MMA) leader Syed Munawwar Hassan has claimed that the protest rally on February 19 in the federal capital against the publication of blasphemous caricatures in the European newspapers wou
Published 16 Feb, 2006 12:00am
Qazi adamant over rallies

Qazi adamant over rallies

MMA president Qazi Hussain Ahmad has said that despite all the government's restrictions, rallies would be held on 19th February in Islamabad, 26th February in Lahore and 5th March in Karachi as was resolved in national conference held in Islamabad.
Published 16 Feb, 2006 12:00am
'Pak-Malaysian FTAs to be completed this year'

'Pak-Malaysian FTAs to be completed this year'

Current Free Trade Agreement (FTA) initiatives with Pakistan, Australia and New Zealand are expected to be completed this year, Malaysian International Trade and Industry Minister Rafidah Aziz said.
Published 16 Feb, 2006 12:00am
Enhanced trade ties with Brazil urged

Enhanced trade ties with Brazil urged

Ambassador of Federal Republic of Brazil to Pakistan Fausto Godoy has underscored the need of enhancing bilateral trade between Brazil and Pakistan and said lot of opportunities exist for the promotion of business between both the countries.
Published 16 Feb, 2006 12:00am
'Sialkot only export-oriented city in country'

'Sialkot only export-oriented city in country'

Sialkot is an important economic centre and only export-oriented city in Pakistan where the development of local cottage industries has assumed a model status for the developing world. Sialkot Chamber of Commerce and Industry (SCCI) Senior Vice President
Published 16 Feb, 2006 12:00am
Qatar commander meets CJCSC

Qatar commander meets CJCSC

Commander Qatar Naval Forces Brigadier General (Sea) Muhammad Nasser Mubarak Al Shakairi Al-Mohannadi, presently on an official visit to Pakistan, called on Chairman Joint Chiefs of Staff Committee General Ehsan ul Haq and Vice Chief of Army Staff General
Published 16 Feb, 2006 12:00am
GSM network to be enhanced

GSM network to be enhanced

The Special Communication Organisation (SCO) has decided to expand the GSM network in Azad Jammu and Kashmir from existing 50,000 to 150,000 connections by the end of year 2006, said SCO Director General Major General Shahid Maqbool here on Wednesday.
Published 16 Feb, 2006 12:00am
Overhead bridge project for Sialkot approved

Overhead bridge project for Sialkot approved

Punjab Chief Minister Chaudhry Pervaiz Elahi has approved a grand project of establishing an overhead bridge in the city and a small-sized bridge over seasonal nullah Aik. District Nazim Muhammad Akmal Cheema disclosed this while talking to the newsmen he
Published 16 Feb, 2006 12:00am
PPPP leaders victimisation condemned

PPPP leaders victimisation condemned

The office-bearers of Asif Zardari Committee Saleemur Rehman Mayo, Begum Zubaida Khokhar, Mirza Nadeem Baig, Ejaz Ahmed Khan, Haji Fida Hussain, Jam Mazhar Hussain, Mehmoodul Hasan Abbasi and Malik Ghulam Abbas Khaki have strongly condemned the alleged vi
Published 16 Feb, 2006 12:00am
PPP holds government responsible for Lahore incident

PPP holds government responsible for Lahore incident

Pakistan People's Party Punjab Vice President Malik Ahmed Hussain Dehar, District President Khalid Hanif Lodhi, City President Khurshid Ahmed Khan and Khawaja Rizwan Alam on Wednesday strongly condemned the police baton-charge in Lahore, Islamabad demonst
Published 16 Feb, 2006 12:00am
Undergraduate teachers to be removed from jobs

Undergraduate teachers to be removed from jobs

The government has decided in the wake of education reforms to remove all undergraduate teachers of the primary, middle and high classes, sources at the Education Department disclosed.
Published 16 Feb, 2006 12:00am
The Weather

The Weather

The weather report on Wednesday (February 15, 2006) and the forecast for Thursday (February 16, 2006).
Published 16 Feb, 2006 12:00am
Suzuki Liana launched

Suzuki Liana launched

Managing Director and CEO Pak Suzuki Motors Co Limited, Kenichi Ayukawa said the company has taken drastic measures to increase the production to match the market demand in 2006.
Published 16 Feb, 2006 12:00am
New York cotton

New York cotton

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

Published 16 Feb, 2006 12:00am
Pacra maintains Atlas Bank ratings

Pacra maintains Atlas Bank ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Atlas Investment Bank Limited (AIBL) at 'A+' (Single A Plus) and 'A 1' (A One), respectively. These ratings denote a low expectation of credit risk and
Published 16 Feb, 2006 12:00am
New York cotton

New York cotton

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

Published 16 Feb, 2006 12:00am
Pacra maintains Atlas Bank ratings

Pacra maintains Atlas Bank ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Atlas Investment Bank Limited (AIBL) at 'A+' (Single A Plus) and 'A 1' (A One), respectively. These ratings denote a low expectation of credit risk and
Published 16 Feb, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Shell profit up 30 percent

Shell profit up 30 percent

The Directors of Shell Pakistan Limited has announced half-yearly financial results for the period ended December 31, 2005. The profit rose by 30 percent after tax at Rs 1,192 million from Rs 917 million for the same period of last year.
Published 16 Feb, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Shell profit up 30 percent

Shell profit up 30 percent

The Directors of Shell Pakistan Limited has announced half-yearly financial results for the period ended December 31, 2005. The profit rose by 30 percent after tax at Rs 1,192 million from Rs 917 million for the same period of last year.
Published 16 Feb, 2006 12:00am
Colleges, schools to remain closed today

Colleges, schools to remain closed today

All educational institutions including Universities in Karachi and rest of Sindh Province will remain closed on Thursday (tomorrow).
Published 16 Feb, 2006 12:00am
Hubco may declare interim dividend

Hubco may declare interim dividend

Hub Power Company (Hubco) profit might register a decline in the six months ended December 31, 2005, because of fall in tariff rates, yet may declare an interim dividend. The Hubco is to hold board meeting for the 1H/FY06 (July-December 2005) financial re
Published 16 Feb, 2006 12:00am
Hubco may declare interim dividend

Hubco may declare interim dividend

Hub Power Company (Hubco) profit might register a decline in the six months ended December 31, 2005, because of fall in tariff rates, yet may declare an interim dividend. The Hubco is to hold board meeting for the 1H/FY06 (July-December 2005) financial re
Published 16 Feb, 2006 12:00am
Importance of ports in economy underlined

Importance of ports in economy underlined

Ports, harbours and containers technique is inter-related and port plays a vital role in trade, economy and now security. These view were shared by State Bank governor Dr Shamshad Akhtar while speaking as chief guest at the closing ceremony of a two-day i
Published 16 Feb, 2006 12:00am
Protests continue

Protests continue

Protest rallies and processions continued on Wednesday in the federal capital against the sacrilegious caricatures of the Holy Prophet (PBUH), demanding of the government to take a concrete action in this regard.
Published 16 Feb, 2006 12:00am
Protest rallies against cartoons held

Protest rallies against cartoons held

Owing to the violent trend in protest against blasphemous cartoons in Lahore, Peshawar, Deputy Inspector General of Police Multan, Bahawalpur Ghulam Haider Marth, has put the police on 'red alert' and instructed the Police officers to be vigilant.
Published 16 Feb, 2006 12:00am
Ulema condemn violent protests

Ulema condemn violent protests

A delegation of the renowned Ulema from across the country headed by Wafaq-ul-Madaris Al-Arabia President, Maulana Saleem Ullah Khan on Wednesday called on Punjab Chief Minister, Chaudhry Pervaiz Elahi at the Chief Minister's Secretariat.
Published 16 Feb, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Hashmi's statement recorded, hearing on February 22

Hashmi's statement recorded, hearing on February 22

An accountability court, after recording the statement of PML-N acting president and MNA Javed Hashmi, put off till February 22, the proceedings in a reference against him.
Published 16 Feb, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (February 15, 2006) and for Thursday (February 16, 2006).
Published 16 Feb, 2006 12:00am
Transport master plan in final stages

Transport master plan in final stages

The government is in the process of finalising a master plan for national transport system covering all transport modes - roads, railways, ports, airports - to meet requirements of the growing economy for next two decades, official sources told Busines
Published 16 Feb, 2006 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 (February 15, 2006).

Published 16 Feb, 2006 12:00am
JCSC's meeting held

JCSC's meeting held

A meeting of Joint Chiefs of Staff Committee was held here on Wednesday at Joint Staff Headquarters, Chaklala which was presided over by General Ehsan Ul Haq, Chairman Joint Chiefs of Staff Committee.
Published 16 Feb, 2006 12:00am
BoK allowed to construct commercial plaza

BoK allowed to construct commercial plaza

The NWFP government has allowed the management of the Bank of Khyber (BoK) to construct a commercial plaza on GT Road as pilot project. The decision was taken during a meeting of the board of directors of the bank held with Senior Minister Siraj-ul-Haq in
Published 16 Feb, 2006 12:00am
Minister tenders apology for wrong information

Minister tenders apology for wrong information

Housing and Works Minister on Wednesday formally tendered unqualified apology on the floor of the Senate to PPPP Senator Farhatullah Babar for wrongly informing the house earlier that Babar had been allotted a plot in Islamabad under the directions of Pri
Published 16 Feb, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Better late than never. So thought the enlightened brains that run this country called Pakistan and decided that Prime Minister Shaukat Aziz should "take the parliament into confidence" about what the government has done in the wake of publication of blas
Published 16 Feb, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Resolution to repeal ordinance rejected

Resolution to repeal ordinance rejected

The Senate on Wednesday rejected an opposition resolution to repeal an ordinance President Pervez Musharraf re-promulgated in December last year to reduce the tenure of the Federal Public Service Commission (FPSC) chairman and members from five to three y
Published 16 Feb, 2006 12:00am
Soomro to open world diabetes moot on February 26

Soomro to open world diabetes moot on February 26

Senate Chairman Muhammedmian Soomro will inaugurate the International Diabetes Conference being organised by the Baqai Medical University - Baqai Institute of Diabetes and Endocrinology here on February 25.
Published 16 Feb, 2006 12:00am
Jamali calls on Balochistan chief minister

Jamali calls on Balochistan chief minister

Former Prime Minister Mir Zafarullah Khan Jamali called on Balochistan Chief Minister Jam Mohammad Yousaf here on Wednesday. He stayed with the Chief Minister for some time and exchanged views with him on various matters of mutual interest including polit
Published 16 Feb, 2006 12:00am
THE RUPEE: rates move in tight range in currency markets

THE RUPEE: rates move in tight range in currency markets

The rupee-dollar parity rates fluctuated in a tight-range due to persistent demand for the US currency in the interbank market on Wednesday, dealers said. The demand for dollar remained on the higher side as importers continued buying to cover their immed
Published 16 Feb, 2006 12:00am
Efficacy of Balochistan body questioned in Senate

Efficacy of Balochistan body questioned in Senate

The government faced strong criticism by both treasury and opposition benches in Senate over poor performance of Balochistan Committee. Senator Pari Gul Agha criticised the government, saying, "what is the power of Senate and why the committee was formula
Published 16 Feb, 2006 12:00am
THE RUPEE: rates move in tight range in currency markets

THE RUPEE: rates move in tight range in currency markets

The rupee-dollar parity rates fluctuated in a tight-range due to persistent demand for the US currency in the interbank market on Wednesday, dealers said. The demand for dollar remained on the higher side as importers continued buying to cover their immed
Published 16 Feb, 2006 12:00am
Minister for peaceful protests against cartoons

Minister for peaceful protests against cartoons

Minister for Religious Affairs Muhammad Ejazul Haq has said national image should not be damaged by resorting to violent means in protests against derogatory caricatures.
Published 16 Feb, 2006 12:00am
Prime Minister appeals for peaceful vent of sentiments

Prime Minister appeals for peaceful vent of sentiments

Making an appeal to the masses to peacefully vent their sentiments on the blasphemous caricatures issue, Prime Minister Shaukat Aziz on Wednesday in the National Assembly invited the opposition to join the government in thrashing out a consensus strategy
Published 16 Feb, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Telenor clarification

Telenor clarification

Norwegian cellular company Telenor Pakistan on Wednesday said that it's Islamabad office was not closed on Tuesday. A Telenor spokesman in a press release issued here on Wednesday said, "these are rumours going around, which we corrected on Tuesday with s
Published 16 Feb, 2006 12:00am
CNS cases: SHC full bench decides references

CNS cases: SHC full bench decides references

A full bench of High Court of Sindh on Wednesday disposed of two references and transfer applications pertaining to trial of juveniles by CNS (Control of Narcotic substances) Court by a majority judgement (3:2) with two judges cording dissenting judgement
Published 16 Feb, 2006 12:00am
CBR rejects incentives package for poultry

CBR rejects incentives package for poultry

The Central Board of Revenue (CBR) has rejected, for another 10 years, the tax incentive package for poultry industry, including income tax exemption, 30 percent export rebate and customs duty/sales tax exemption on the import of pre-fabricated poultry ho
Published 16 Feb, 2006 12:00am
PIA board meeting held

PIA board meeting held

A meeting of PIA Board of Directors was held on Wednesday at PIA Head Office to review the progress on the construction of Cargo Complex, Allama Iqbal International Airport, Lahore which is scheduled to be completed by June 30, the same year.
Published 16 Feb, 2006 12:00am
UAE traders keen to invest in housing and tourism

UAE traders keen to invest in housing and tourism

A United Arab Emirates trade delegation, headed by General Secretary UAE Chamber of Commerce and Industry Ali Bin Abdullah Al Owais, visited Islamabad Chamber of Commerce and Industry on Wednesday and showed keen interest to invest in hotel, housing, real
Published 16 Feb, 2006 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Feb, 2006 12:00am
Board meetings in progress

Board meetings in progress

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

Published 16 Feb, 2006 12:00am
McKinnon due on February 17

McKinnon due on February 17

Secretary General Commonwealth Don McKinnon is visiting Pakistan, from February 17 to 18 to discuss ways how to invigorate the organisation play a role in economic development of its members.
Published 16 Feb, 2006 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Feb, 2006 12:00am
SBP revises SLR and CRR for Islamic banks

SBP revises SLR and CRR for Islamic banks

The State Bank of Pakistan has announced that the Government has approved the Wapda Sukuk as ''approved security'' for the purposes of meeting Statutory Liquidity Requirement (SLR) under section 29 of the Banking Companies Ordinance, 1962, for banks havin
Published 16 Feb, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 16 Feb, 2006 12:00am
SBP revises SLR and CRR for Islamic banks

SBP revises SLR and CRR for Islamic banks

The State Bank of Pakistan has announced that the Government has approved the Wapda Sukuk as 'approved security' for the purposes of meeting Statutory Liquidity Requirement (SLR) under section 29 of the Banking Companies Ordinance, 1962, for banks having
Published 16 Feb, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
SBP revises SLR and CRR for Islamic banks

SBP revises SLR and CRR for Islamic banks

The State Bank of Pakistan has announced that the Government has approved the Wapda Sukuk as 'approved security' for the purposes of meeting Statutory Liquidity Requirement (SLR) under section 29 of the Banking Companies Ordinance, 1962, for banks having
Published 16 Feb, 2006 12:00am
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