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Print - 2007-02-23
ARD can be converted into poll alliance: Jhaggra

ARD can be converted into poll alliance: Jhaggra

The PML-N Secretary General Zafar Iqbal Jhaggra has said that if required, Alliance for Restoration of Democracy (ARD) could be converted into an election alliance. He expressed these views while talking to newsmen after the launching ceremony of Begum Ku
Published 23 Feb, 2007 12:00am
Book launching

Book launching

The launching ceremony of a book titled "South Asian Co-operation and the Role of Punjab" written by Tridivesh Singh Maini to be held here on February 28. Shahid Hamid, former Governor Punjab will preside over the function.
Published 23 Feb, 2007 12:00am
Notices issued in Sonia Naz case

Notices issued in Sonia Naz case

An additional district and sessions judge of Lahore issued notices to respondent and suspended SP Khalid Abdullah and Inspector Jamshed Chishti in Sonia Naz rape case praying to the court to stay the trial till production of the victim.
Published 23 Feb, 2007 12:00am
Arif Bahinder case adjourned till March 2

Arif Bahinder case adjourned till March 2

The Lahore High Court (LHC) on Wednesday has directed the investigating officer to speed-up the process of investigation of the murder case of Additional Advocate General, Punjab, Arif Bhinder.
Published 23 Feb, 2007 12:00am
Sessi's new governing body formed

Sessi's new governing body formed

Sindh government has constituted and notified the new governing body of Sindh Employees' Social Security Institutions (Sessi). According to a notification received here on Thursday Muhammad Adil Siddiqui, provincial minister for labour would be the chairm
Published 23 Feb, 2007 12:00am
PVTC to construct training institute

PVTC to construct training institute

Chairman Punjab Vocational Training Council (PVTC) Sikandar Mustafa Khan has said that the Council will construct Staff and Teachers Training Institute (STTI) at a cost of Rs 30.8 million for the provision of training to the trainers of as many as 140 voc
Published 23 Feb, 2007 12:00am
Pak-Turk Cag Foundation school project launching today

Pak-Turk Cag Foundation school project launching today

Pak-Turk International Cag Education Foundation (Pak Turk ICEF) would lay the foundation of its state-of-the-art school along Park Road, Chak Shehzad on Friday. Federal Minister for Education Lieutenant General Javed Ashraf Qazi (Retd) would be chief gues
Published 23 Feb, 2007 12:00am
ICS academic activities hailed

ICS academic activities hailed

Vice Chancellor Punjab University, Arshad Mahmood has said that the government of General Pervez Musharraf is committed to promote education in the country and has also constituted a task force on education.
Published 23 Feb, 2007 12:00am
Roundtable discussion on teachers training

Roundtable discussion on teachers training

Punjab University Department of Special Education will be holding a roundtable discussion on 'Inclusive Education and its Impact on Teacher Training' on Friday, 23rd February 2007, at 10 am. Punjab University vice-chancellor Lieutenant General Arshad Mahm
Published 23 Feb, 2007 12:00am
The Weather

The Weather

The weather report on Thursday (February 22, 2007) and the forecast for Friday (February 23, 2007).
Published 23 Feb, 2007 12:00am
Jashan-e-Baharan festivities kicked off

Jashan-e-Baharan festivities kicked off

Provincial Minister for Housing & Urban Development, Syed Ali Raza Gillani has said that 'Jashan-e-Baharan' promotes affection, unity, harmony and brotherhood among the people of four provinces besides providing healthy and positive recreational activitie
Published 23 Feb, 2007 12:00am
New York cotton

New York cotton

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

Published 23 Feb, 2007 12:00am
'NBP to play vibrant role in trade promotion'

'NBP to play vibrant role in trade promotion'

National Bank of Pakistan with its unique franchise in Central Asia is posed to play vibrant role in promoting trade not only between Central Asian Republic (CARs) and Pakistan but also providing a major financial link with South Asia and rest of the worl
Published 23 Feb, 2007 12:00am
New York cotton

New York cotton

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

Published 23 Feb, 2007 12:00am
'Elections of FPCCI be held after two years'

'Elections of FPCCI be held after two years'

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested that elections of the federation should be held after every two years, while election of chambers and associations may be held on annual basis.
Published 23 Feb, 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 23 Feb, 2007 12:00am
DTO office abolition: trade bodies awaiting directives about their role

DTO office abolition: trade bodies awaiting directives about their role

The apex trade body, ie Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and all the registered chambers and associations are working in a void following the promulgation of Trade Organisations Ordinance (TOO)-2006, on December 30, 2006, r
Published 23 Feb, 2007 12:00am
MQM MNA Shamim Akhtar resigns

MQM MNA Shamim Akhtar resigns

Member of National Assembly belonging to Muttahida Qaumi Movement (MQM), elected on reserved seats of women, Shamim Akhtar on Thursday presented her resignation to the Speaker of National Assembly Chaudhry Amir Hussain in his chamber.
Published 23 Feb, 2007 12:00am
Demand for power growing at 9.5 percent annually: Prime Minister

Demand for power growing at 9.5 percent annually: Prime Minister

Prime Minister Shaukat Aziz said on Thursday that the demand in power sector is growing by 9.5 percent annually mainly due to high growth achieved by the country and the government is engaged in tapping all available sources to keep a balance between dema
Published 23 Feb, 2007 12:00am
Three cement makers operating without PSQCA license

Three cement makers operating without PSQCA license

Pakistan Standards and Quality Control Authority (PSQCA) maintained that three cement manufacturers including Lucky Cement, Pakistan Cement and Askari Cement are operating without PSQCA quality license and their production, stock and sale of cement are il
Published 23 Feb, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
LPG prices go up

LPG prices go up

Despite customs duty waiver granted by the federal government on the import of Liquefied Petroleum Gas (LPG), the price gap between imported and locally produce gas widens resultantly the product prices go up by Rs 80 per 11.8 kg cylinder in the local mar
Published 23 Feb, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Thursday (February 22, 2007) and for Friday (February 23, 2007).
Published 23 Feb, 2007 12:00am
ADB extending $800 million loan for power sector

ADB extending $800 million loan for power sector

The Asian Development Bank (ADB) is extending a loan under Multi-tranche Financing Facility (MFF) up to 800 million dollars over 2007-2016 for power transmission enhancement investment programme. The bank will provide their technical and financial support
Published 23 Feb, 2007 12:00am
ADB extending $800 million loan for power sector

ADB extending $800 million loan for power sector

The Asian Development Bank (ADB) is extending a loan under Multi-tranche Financing Facility (MFF) up to 800 million dollars over 2007-2016 for power transmission enhancement investment programme. The bank will provide their technical and financial support
Published 23 Feb, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
ADB extending $800 million loan for power sector

ADB extending $800 million loan for power sector

The Asian Development Bank (ADB) is extending a loan under Multi-tranche Financing Facility (MFF) up to 800 million dollars over 2007-2016 for power transmission enhancement investment programme. The bank will provide their technical and financial support
Published 23 Feb, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
Etisalat to invest $500 million in Pakistan

Etisalat to invest $500 million in Pakistan

An investment of 500 million dollars would be made in Pakistan by Etisalat International, announced by its Chairman Mohammad Hassaan Omran Al Shamsi. According to PTV he said that a plan has been finalised to widen PTCL fixed-line network, as around one m
Published 23 Feb, 2007 12:00am
Banking sector attracting high foreign investments: Prime Minister

Banking sector attracting high foreign investments: Prime Minister

Prime Minister Shaukat Aziz has said the banking industry which has gained strength as a result of the financial sector reforms is attracting unprecedented high foreign investments and significant expansion is taking place in the financial sector.
Published 23 Feb, 2007 12:00am
THE RUPEE: remittances rise pushes dollar five paisa down

THE RUPEE: remittances rise pushes dollar five paisa down

Further gains were seen in the interbank market on Thursday as the rupee picked up five paisa against the dollar for buying and selling at Rs 60.66 and Rs 60.67, respectively. Market analysts attributed the firmness in the rupee to encouraging prospects i
Published 23 Feb, 2007 12:00am
Poultry prices down by Rs 8 per kg

Poultry prices down by Rs 8 per kg

Prices of locally reared chicken birds on Thursday slumped by Rs 8 per kg in the wholesale and the retail markets due to declining demand. Poultry wholesalers said that the poultry price-declining trend would be temporary.
Published 23 Feb, 2007 12:00am
THE RUPEE: remittances rise pushes dollar five paisa down

THE RUPEE: remittances rise pushes dollar five paisa down

Further gains were seen in the interbank market on Thursday as the rupee picked up five paisa against the dollar for buying and selling at Rs 60.66 and Rs 60.67, respectively. Market analysts attributed the firmness in the rupee to encouraging prospects i
Published 23 Feb, 2007 12:00am
Poultry prices down by Rs 8 per kg

Poultry prices down by Rs 8 per kg

Prices of locally reared chicken birds on Thursday slumped by Rs 8 per kg in the wholesale and the retail markets due to declining demand. Poultry wholesalers said that the poultry price-declining trend would be temporary.
Published 23 Feb, 2007 12:00am
Miscellaneous: ECOPACK LIMITED - Year Ended 30-06-2006

Miscellaneous: ECOPACK LIMITED - Year Ended 30-06-2006

The year under review has been highly successful year for the company as sales increased by 55% to Rs 1.162 billion, gross profit improved by 56% to Rs 242.48 million and pretax profit went up by 62% 86.52 million YoY.
Published 23 Feb, 2007 12:00am
Poultry prices down by Rs 8 per kg

Poultry prices down by Rs 8 per kg

Prices of locally reared chicken birds on Thursday slumped by Rs 8 per kg in the wholesale and the retail markets due to declining demand. Poultry wholesalers said that the poultry price-declining trend would be temporary.
Published 23 Feb, 2007 12:00am
Miscellaneous: ECOPACK LIMITED - Year Ended 30-06-2006

Miscellaneous: ECOPACK LIMITED - Year Ended 30-06-2006

The year under review has been highly successful year for the company as sales increased by 55% to Rs 1.162 billion, gross profit improved by 56% to Rs 242.48 million and pretax profit went up by 62% 86.52 million YoY.
Published 23 Feb, 2007 12:00am
Wapda clarification

Wapda clarification

A spokesman of the Water and Power Development Authority (Wapda) has clarified a news item published in Daily Business Recorder captioned " Wapda starts drive against Discos sell-off".
Published 23 Feb, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
Wapda clarification

Wapda clarification

A spokesman of the Water and Power Development Authority (Wapda) has clarified a news item published in Daily Business Recorder captioned " Wapda starts drive against Discos sell-off".
Published 23 Feb, 2007 12:00am
Wapda clarification

Wapda clarification

A spokesman of the Water and Power Development Authority (Wapda) has clarified a news item published in Daily Business Recorder captioned " Wapda starts drive against Discos sell-off".
Published 23 Feb, 2007 12:00am
Auto industry plan to be ready by March 31: Tareen

Auto industry plan to be ready by March 31: Tareen

Federal Industries and Production Minister Jehangir Khan Tareen has said the Auto Industry Development Plan (AIDP) would be ready by March 31, 2007 to be presented before the federal cabinet.
Published 23 Feb, 2007 12:00am
Auto industry plan to be ready by March 31: Tareen

Auto industry plan to be ready by March 31: Tareen

Federal Industries and Production Minister Jehangir Khan Tareen has said the Auto Industry Development Plan (AIDP) would be ready by March 31, 2007 to be presented before the federal cabinet.
Published 23 Feb, 2007 12:00am
Auto industry plan to be ready by March 31: Tareen

Auto industry plan to be ready by March 31: Tareen

Federal Industries and Production Minister Jehangir Khan Tareen has said the Auto Industry Development Plan (AIDP) would be ready by March 31, 2007 to be presented before the federal cabinet.
Published 23 Feb, 2007 12:00am
Member To Member

Member To Member

Members have subsequently reported the transactions on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
PSO earns Rs 1,135.739 million in July-December

PSO earns Rs 1,135.739 million in July-December

Pakistan State Oil Company Limited (PSO) has earned Rs 1,135.739 million profit after-tax in the half year period ended December 31, 2006 translating earning per share of Rs 6.62 as compared to Rs 3,386.564 million profit after-tax and EPS of Rs 19.74 ear
Published 23 Feb, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
PSO earns Rs 1,135.739 million in July-December

PSO earns Rs 1,135.739 million in July-December

Pakistan State Oil Company Limited (PSO) has earned Rs 1,135.739 million profit after-tax in the half year period ended December 31, 2006 translating earning per share of Rs 6.62 as compared to Rs 3,386.564 million profit after-tax and EPS of Rs 19.74 ear
Published 23 Feb, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2007 12:00am
PSO earns Rs 1,135.739 million in July-December

PSO earns Rs 1,135.739 million in July-December

Pakistan State Oil Company Limited (PSO) has earned Rs 1,135.739 million profit after-tax in the half year period ended December 31, 2006 translating earning per share of Rs 6.62 as compared to Rs 3,386.564 million profit after-tax and EPS of Rs 19.74 ear
Published 23 Feb, 2007 12:00am
Board meetings in progress

Board meetings in progress

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

Published 23 Feb, 2007 12:00am
EU telecoms regulators divided over gaining power

EU telecoms regulators divided over gaining power

European telecoms regulators are divided on whether they should take responsibility for the consistent application of EU regulations, as suggested by the European Commission, a senior EU official said on Thursday.
Published 23 Feb, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2007 12:00am
Shell sticks to $18 billion Qatar plant price tag

Shell sticks to $18 billion Qatar plant price tag

Royal Dutch Shell said on Thursday it was sticking to its maximum cost estimate of $18 billion for its Pearl superclean fuel plant in Qatar after a local official said the cost would exceed $20 billion.
Published 23 Feb, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 23 Feb, 2007 12:00am
BoJ to raise interest rates 'as much as possible': Fukui

BoJ to raise interest rates 'as much as possible': Fukui

The Bank of Japan aims to raise interest rates gradually and as much as possible, even though inflation may turn negative again due to falling oil prices, BoJ governor Toshihiko Fukui said Thursday.
Published 23 Feb, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (February 22, 2007).

Published 23 Feb, 2007 12:00am
Italy business morale up before government collapse

Italy business morale up before government collapse

Italian business morale recovered in February from January's 11-month low, according to a survey conducted before a government collapse that leaves a question mark over the country's economic reform programme.
Published 23 Feb, 2007 12:00am
ISE index up by 6.30 points

ISE index up by 6.30 points

Gainers outnumbered losers at the Islamabad Stock Exchange (ISE) where bulls strengthened their positions under the lead of hot favourite amid increase in index. ISE-10 Index was up by 6.30 points, as index moved from 2,819.25 to 2,825.55 points.
Published 23 Feb, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Feb, 2007 12:00am
ISE index up by 6.30 points

ISE index up by 6.30 points

Gainers outnumbered losers at the Islamabad Stock Exchange (ISE) where bulls strengthened their positions under the lead of hot favourite amid increase in index. ISE-10 Index was up by 6.30 points, as index moved from 2,819.25 to 2,825.55 points.
Published 23 Feb, 2007 12:00am
Rangebound activity on LSE

Rangebound activity on LSE

A range-bound trend was observed on Lahore Stock Exchange (LSE) where equities moved in a tight band in both ways and market finally closed with a marginal loss following lack of interest from investors.
Published 23 Feb, 2007 12:00am
Rangebound activity on LSE

Rangebound activity on LSE

A range-bound trend was observed on Lahore Stock Exchange (LSE) where equities moved in a tight band in both ways and market finally closed with a marginal loss following lack of interest from investors.
Published 23 Feb, 2007 12:00am
Textile exports dip 22 percent in January

Textile exports dip 22 percent in January

Country''s receding textile exports have once again fallen by 22 percent in January 2007 compared to December 2006. Textile exports also registered a decline of one percent during January 2007 against January 2006 as well, official statistics said.
Published 23 Feb, 2007 12:00am
Textile exports dip 22 percent in January

Textile exports dip 22 percent in January

Country's receding textile exports have once again fallen by 22 percent in January 2007 compared to December 2006. Textile exports also registered a decline of one percent during January 2007 against January 2006 as well, official statistics said.
Published 23 Feb, 2007 12:00am
Textile exports dip 22 percent in January

Textile exports dip 22 percent in January

Country's receding textile exports have once again fallen by 22 percent in January 2007 compared to December 2006. Textile exports also registered a decline of one percent during January 2007 against January 2006 as well, official statistics said.
Published 23 Feb, 2007 12:00am
President approves 10-year taxation plan

President approves 10-year taxation plan

President General Pervez Musharraf has approved Central Board of Revenue (CBR) 10-year taxation plan, "Vision-2016." This vision to take total revenue collection to Rs 4.3 trillion and tax-GDP ratio to (14.5-15 percent) by 2016-2017 with the assurance to
Published 23 Feb, 2007 12:00am
President approves 10-year taxation plan

President approves 10-year taxation plan

President General Pervez Musharraf has approved Central Board of Revenue (CBR) 10-year taxation plan, "Vision-2016." This vision to take total revenue collection to Rs 4.3 trillion and tax-GDP ratio to (14.5-15 percent) by 2016-2017 with the assurance to
Published 23 Feb, 2007 12:00am
President approves 10-year taxation plan

President approves 10-year taxation plan

President General Pervez Musharraf has approved Central Board of Revenue (CBR) 10-year taxation plan, "Vision-2016." This vision to take total revenue collection to Rs 4.3 trillion and tax-GDP ratio to (14.5-15 percent) by 2016-2017 with the assurance to
Published 23 Feb, 2007 12:00am
Kashmiri leaders meet Kasuri

Kashmiri leaders meet Kasuri

Foreign Minister Khurshid Mehmood Kasuri told prominent leaders from Indian occupied Kashmir on Thursday that he had held focussed talks on Kashmir issue with Indian leadership in New Delhi.
Published 23 Feb, 2007 12:00am
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