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Print - 2007-07-05
Al-Huda, Rangers distribute relief goods in Gaddap Town

Al-Huda, Rangers distribute relief goods in Gaddap Town

Al-Huda International Welfare Foundation (AIWF), in collaboration with Pakistan Rangers, Sindh, has distributed relief goods worth Rs 0.720 million among the rain affectees of Gaddap Town.
Published 05 Jul, 2007 12:00am
Lack of proper health policy causes problems: PMA

Lack of proper health policy causes problems: PMA

Pakistan Medical Association (PMA) has time and again submitted a draft health policy to government to make sure provision of healthcare to masses besides addressing the problems of medical professionals.
Published 05 Jul, 2007 12:00am
Al Ghurair Group office inaugurated

Al Ghurair Group office inaugurated

Inauguration of Goldcrest Al Ghurair Giga Phase II took place in Defence Phase II, Islamabad. Speaker National Assembly, Chaudhry Ameer Hussain, Haji Muhammad Rafiq Pardesi, Haji Anees Pardesi, Amir Anees Pardesi and Brigadier Iftikhar along with other pr
Published 05 Jul, 2007 12:00am
Five killed in attacks linked to Lal Masjid siege

Five killed in attacks linked to Lal Masjid siege

A policeman and four civilians were killed in attacks on Wednesday in a mountain region of Swat with links to the leaders of a besieged mosque in the capital, officials said. Civilians were killed by a bomb blast targeting a police vehicle in the conserva
Published 05 Jul, 2007 12:00am
Rs 1.96 billion earmarked for education in Sialkot

Rs 1.96 billion earmarked for education in Sialkot

Sialkot District Nazim, Muhammad Akmal Cheema has said that district government has earmarked more than Rs 1.96 billion during current fiscal year for the promotion and provision of quality education.
Published 05 Jul, 2007 12:00am
Literacy programme to promote education in Sialkot

Literacy programme to promote education in Sialkot

Literacy programme initiated by SHADE, a charitable organisation would enhance learning process and promote education in District Sialkot. This was stated by Iftikhar Durrani, Executive Director SHADE organisation today. The project of Literacy programme
Published 05 Jul, 2007 12:00am
248 students honoured with presidential awards

248 students honoured with presidential awards

Ministry of Education honoured as many as 248 students with presidential awards for securing top position in examinations of SSC, HSC, O and A level, across the country. Federal Minister for Education Lieutenant General Javed Ashraf Qazi (Retd) gave these
Published 05 Jul, 2007 12:00am
Encroachments spoil beauty of Kasur town

Encroachments spoil beauty of Kasur town

Encroachments in many shapes have not only spoiled the beauty of Kasur district but are causing inconvenience to pedestrians in congested areas. A survey conducted by Business Recorder reveals that the encroachments were thriving in various parts o
Published 05 Jul, 2007 12:00am
13,000 quake survivors still living in camps

13,000 quake survivors still living in camps

Almost two years after a powerful earthquake ripped through parts of northern Pakistan and Azad Kashmir, there are over 13,000 people still in tented camps across the quake zone facing a number of problems.
Published 05 Jul, 2007 12:00am
Relief goods dispatched to Balochistan

Relief goods dispatched to Balochistan

The Punjab government has sent relief goods and cash of Rs 50 million for flood victims of Balochistan, including 16 trucks loaded with life saving drugs. This was stated by Punjab Minister for Revenue & Relief, Gul Hameed Rokhari while presiding a meetin
Published 05 Jul, 2007 12:00am
16 more relief camps set up at Shahdad Kot, Dadu

16 more relief camps set up at Shahdad Kot, Dadu

As many as 16 more relief camps have been set up in Shahdad Kot and Dadu aimed at providing prompt assistance to the flood-stricken people. Radio Pakistan quoting DCO Qambar district reported that 30,000 people had been affected in the district. While 6,0
Published 05 Jul, 2007 12:00am
Three medical teams sent to Turbat: Farooq

Three medical teams sent to Turbat: Farooq

Three teams of doctors from Punjab have been sent to Turbat, Balochistan while another three would be sent shortly for medical aid to the flood-affected areas, Chairman, National Disaster Management Authority (NDMA), Lieutenant General Farooq Ahmed (Retd)
Published 05 Jul, 2007 12:00am
'Demographic dividend can help fuels economic growth'

'Demographic dividend can help fuels economic growth'

Pakistan has the potential to benefit from demographic dividend which can fuel its economic growth for the next fifty years, official sources said. According to official sources, at the time of independence in 1947, Pakistan's population was 32.5 million.
Published 05 Jul, 2007 12:00am
AJKCCI President hails economic policy of government

AJKCCI President hails economic policy of government

President, Azad Jammu Kashmir Chamber of Commerce and Industry (AJKCCI) Zulfiqar Abbasi endorsed and appreciated the ongoing successful economic policy of the federal government. He said that recent foreign investment of over $7 billion was the ample proo
Published 05 Jul, 2007 12:00am
Trade with UK to touch new peaks: LCCI

Trade with UK to touch new peaks: LCCI

The bilateral trade between United Kingdom and Pakistan would touch new peaks with a huge new investment in future in a number of sectors including housing, agriculture, energy generation, hotels, fisheries and minerals.
Published 05 Jul, 2007 12:00am
IRC to help flood victims

IRC to help flood victims

The International Red Cross on Wednesday launched emergency appeals for some nine million dollars to help flood victims in Pakistan and Bangladesh.
Published 05 Jul, 2007 12:00am
CSF study urges change of attitude toward women workforce

CSF study urges change of attitude toward women workforce

Lack of proper policies is a major hurdle in bringing women into productive workforce and a change in mindset is needed for a paradigm shift to make Pakistan competitive for facing challenges upfront, says Competitiveness Support Fund (CSF) study.
Published 05 Jul, 2007 12:00am
Pak-Argentine joint ventures in various fields agreed

Pak-Argentine joint ventures in various fields agreed

Wasim Sajjad, the leader of the House in Senate, and Rovolfo Martin Saravia, the Argentine ambassador, have agreed on the dire need to launch joint ventures in agriculture, CNG, livestock, pharmaceuticals, and sports goods, in view of the promising scope
Published 05 Jul, 2007 12:00am
Dr Naushin appointed acting PIDE vice chancellor

Dr Naushin appointed acting PIDE vice chancellor

Dr Naushin Mahmood has been appointed acting Vice Chancellor of Pakistan Institute of Development Economics, (PIDE) with effect from June 12, 2007. According to a notification of the Planning Commission of Pakistan here today Dr Naushin Mahmood was Dean,
Published 05 Jul, 2007 12:00am
FTO disposes over 72 percent cases

FTO disposes over 72 percent cases

Federal Tax Ombudsman (FTO) has disposed of 622 complaints filed by the taxpayers against total 858 applications during 2007. According to FBR data issued on Wednesday, out of total 9,749 complaints filed during 2000-2007, the FTO has disposed of 9,478, s
Published 05 Jul, 2007 12:00am
NBP credit rating upgraded

NBP credit rating upgraded

JCR-VIS Credit Rating Co Limited (JCR-VIS) has upgraded stand-alone medium to long-term rating of National Bank of Pakistan to "AAA" from "AA+", the highest in the banking sector. JCR-VIS had earlier assigned two ratings to the NBP.
Published 05 Jul, 2007 12:00am
NBP credit rating upgraded

NBP credit rating upgraded

JCR-VIS Credit Rating Co Limited (JCR-VIS) has upgraded stand-alone medium to long-term rating of National Bank of Pakistan to "AAA" from "AA+", the highest in the banking sector. JCR-VIS had earlier assigned two ratings to the NBP.
Published 05 Jul, 2007 12:00am
Singtel and Warid Telecom announce partnership

Singtel and Warid Telecom announce partnership

Singapore Telecommunications Limited ("SingTel") and Warid Telecom (private) Limited ("Warid Telecom"),on Wednesday announced that they have entered into a definitive agreement subsequent to which SingTel will acquire a 30 percent equity stake in Warid Te
Published 05 Jul, 2007 12:00am
SHC issues notice to Pemra

SHC issues notice to Pemra

A division bench of the Sindh High Court on Wednesday issued notice to Secretary Information & Broadcasting, Pakistan Electronic Media Regulatory Authority (Pemra) and others for July 11, 2007 on petition filed against the suspension of private Royal TV c
Published 05 Jul, 2007 12:00am
Expatriates support government move on Lal Masjid issue

Expatriates support government move on Lal Masjid issue

Pakistani expatriates living in Saudi Arabai have supported the Pakistan government stand on the Lal Masjid and Jamia Hafsa issue and in the messages sent to various federal ministries and the Pakistan Embassy in Riyadh and the Consulate General of Pakist
Published 05 Jul, 2007 12:00am
SLL's rating

SLL's rating

JCR-VIS Credit Rating Company Limited has upgraded the long term entity rating of SME Leasing Limited (SLL) from "BBB+' (Triple B Plus) to 'A-(Single A Minus) with 'Stable' outlook. Short-term ratings have been maintained at 'A-2' (A-Two).
Published 05 Jul, 2007 12:00am
SLL's rating

SLL's rating

JCR-VIS Credit Rating Company Limited has upgraded the long term entity rating of SME Leasing Limited (SLL) from "BBB+' (Triple B Plus) to 'A-(Single A Minus) with 'Stable' outlook. Short-term ratings have been maintained at 'A-2' (A-Two).
Published 05 Jul, 2007 12:00am
Solid waste management: Iranian firm to invest $20 million

Solid waste management: Iranian firm to invest $20 million

An Iranian firm has expressed its willingness to invest 20 million dollars in the solid waste management sector of the metropolis. This was revealed by Managing Director of Mobaraiz Group Mehmood Yaun during a meeting with City Nazim Syed Mustafa Kamal he
Published 05 Jul, 2007 12:00am
Compensation to slain cop's family

Compensation to slain cop's family

Inspector General of Sindh Police Zia-ul-Hassan Khan on Wednesday announced rupees two lakhs as immediate compensation to the bereaved family of the slain police constable Inayat Ali. The IGP also announced job in police department to one of Inayat's chil
Published 05 Jul, 2007 12:00am
MTL sets all time highest production record

MTL sets all time highest production record

Millat Tractors Limited set a new record of highest ever production by 27,000 tractors in the year ending 30th June, 20Q7, improving upon its production of 24,238.
Published 05 Jul, 2007 12:00am
KESC managing director satisfied over Siemens' performance

KESC managing director satisfied over Siemens' performance

The Managing Director of KESC Lieutenant General Amjad in a meeting at the Governor House expressed his satisfaction over the performance of Siemens, the operations and management contractor firm, in restoring power supply after the rains.
Published 05 Jul, 2007 12:00am
KESC cannot compensate for June bills: chief executive

KESC cannot compensate for June bills: chief executive

A poor balance sheet of Karachi Electric Supply Corporation KESC, which reflects a cash loss of Rs 7.8 billion in 2006-07 due to non-payment by some consumers would not allow KESC to compensate for electricity bills for June, as demanded by the City Counc
Published 05 Jul, 2007 12:00am
The Weather

The Weather

The weather report on Wednesday (July 04, 2007) and the forecast for Thursday (July 05, 2007).
Published 05 Jul, 2007 12:00am
CDGK plans to widen 35 city roads

CDGK plans to widen 35 city roads

City District Government Karachi (CDGK) has made a plan to widen 35 roads in the city by removing encroachments and unauthorised constructions. This was stated by Saddar Town's Controller of Building Agha M Abbasi, while talking to business community at a
Published 05 Jul, 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 05 Jul, 2007 12:00am
Picic ratings reaffirmed

Picic ratings reaffirmed

JCR-VIS Credit Rating Company Limited has reaffirmed the medium to long-term and short-term entity ratings of Picic Commercial Bank Limited at 'A+' (Single A Plus) and 'A-1' (A-One), respectively.
Published 05 Jul, 2007 12:00am
Sanitation exposes Wasa and district government

Sanitation exposes Wasa and district government

Muttahida Majlis-i-Amal (MMA) member Sindh Assembly, Abdul Rehman Rajput on Wednesday said due to irresponsibility of Wasa and district government authorities, sewerage has become worse problem at Gaoshala gate, Hyderabad.
Published 05 Jul, 2007 12:00am
Rally held against journalist's death in Lal Masjid incident

Rally held against journalist's death in Lal Masjid incident

Local journalists, traders, and activists of political parties staged a demonstration as a protest against the killing of a journalist in Lal Masjid incident and injuring another six photographers/camera men, demolishing the part of building of Daily Khab
Published 05 Jul, 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, July 05, 2007.

Published 05 Jul, 2007 12:00am
Government flayed for mishandling Lal Masjid issue

Government flayed for mishandling Lal Masjid issue

Opposition leaders have condemned the government for mishandling the Lal Masjid issue. PML(N) leaders, Memona Hashmi, MNA, Rana MNA Mehmood-ul-Hassan, MPA Nafees Ahmed, Allah Nawaz Durrani, ex-Senator Malik Rafiq Rajwana, and Advocate Bilal Butt said the
Published 05 Jul, 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, July 05, 2007.

Published 05 Jul, 2007 12:00am
MMA and PPP leaders leave for London today

MMA and PPP leaders leave for London today

Muttahida Majlis-i-Amal (MMA) Secretary General and opposition leader in the National Assembly Maulana Fazlur Rehman, PPP central leader Makhdoom Amin Faheem and others political leaders will leave for London on Thursday to participate in All Parties Conf
Published 05 Jul, 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, July 05, 2007.

Published 05 Jul, 2007 12:00am
MMA demands judicial probe into Lal Masjid bloodshed

MMA demands judicial probe into Lal Masjid bloodshed

The religio-political alliance Muttahida Majlis-i-Amal (MMA) on Wednesday demanded of the government to conduct a judicial inquiry into the bloodshed in and outside the Lal Masjid.
Published 05 Jul, 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 (July 04, 2007).

Published 05 Jul, 2007 12:00am
NAB arrests former JPMC employee

NAB arrests former JPMC employee

National Accountability Bureau (NAB), Sindh, on Wednesday arrested Syed Waseem Akhtar, an ex-employee of Jinnah Hospital, involved in a bank fraud case and obtained his remand up to July 15.
Published 05 Jul, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
Former MPA injured in firing

Former MPA injured in firing

MQM leader and ex-Member Sindh Assembly Saleem Bandhani injured by unknown gunmen here on late Wednesday night. According to a private TV channel Saleem Bandhani was purchasing goods from a shop at Guru Mandar when two-unidentified motorcyclists started f
Published 05 Jul, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (July 04, 2007) and for Thursday (July 05, 2007).
Published 05 Jul, 2007 12:00am
Altaf holds Lal Masjid administration responsible for loss of lives

Altaf holds Lal Masjid administration responsible for loss of lives

Muttahida Qaumi Movement (MQM) founder and leader Altaf Hussain has expressed his grief and sorrow over the loss of lives of security personnel, journalists and other innocent persons as a result of firing incidents between the arm men of Lal Masjid and l
Published 05 Jul, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
Zakat Council approves Rs 3.5 million grant for students

Zakat Council approves Rs 3.5 million grant for students

Provincial Zakat Council, during its 97th meeting, has approved a grant of Rs 3.5 million as stipend for as many as 2,138 students studying at 12 seminaries of Sahiwal, Vehari and Sialkot districts.
Published 05 Jul, 2007 12:00am
Lawyers' token strike continues

Lawyers' token strike continues

The lawyers continued their token strike here on Wednesday against suspension of Chief Justice of Pakistan Iftikhar Muhammad Chaudhry and observed one hour token strike. During the strike, the protesting lawyers remained present in the Bar room and joined
Published 05 Jul, 2007 12:00am
Secret of China's economic revolution

Secret of China's economic revolution

Chinese people are well-mannered and very friendly. Hard work and dedication is the secret of their revolutionary economic and industrial development and they do every job with dedication devotion and hard work.
Published 05 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
Rain-hit people being provided maximum relief: Elahi

Rain-hit people being provided maximum relief: Elahi

Punjab Chief Minister, Chaudhry Pervaiz Elahi here on Wednesday said that Punjab government was utilising all available resources for providing relief and assistance to rain and flood-affected people of Balochistan.
Published 05 Jul, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
Six soldiers among 11 killed in suicide attack

Six soldiers among 11 killed in suicide attack

At least 11 people, including six soldiers, were killed on Wednesday when an explosive-laden vehicle rammed into a military convoy in Bannu, near Peshawar, officials said. Thirteen people, including eight soldiers, were also injured in the attack. Two inj
Published 05 Jul, 2007 12:00am
Six soldiers among 11 killed in suicide attack

Six soldiers among 11 killed in suicide attack

At least 11 people, including six soldiers, were killed on Wednesday when an explosive-laden vehicle rammed into a military convoy in Bannu, near Peshawar, officials said. Thirteen people, including eight soldiers, were also injured in the attack. Two inj
Published 05 Jul, 2007 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee inched up with one paisa gain against dollar in the interbank market on Wednesday for buying and selling at Es 60.38 and Rs 60.39, respectively. It is expected that the rupee might recover slightly against the dollar as the supply of the US curr
Published 05 Jul, 2007 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee inched up with one paisa gain against dollar in the interbank market on Wednesday for buying and selling at Es 60.38 and Rs 60.39, respectively. It is expected that the rupee might recover slightly against the dollar as the supply of the US curr
Published 05 Jul, 2007 12:00am
KANUPP restarts operations

KANUPP restarts operations

The Karachi Nuclear Power Plant (KANUPP) was brought back into operation on Wednesday morning when it started providing 70 MW electricity to Karachi Electric Supply Corporation (KESC). The plant outage occurred on June 28, when the KESC''s 220 kv Baldia/K
Published 05 Jul, 2007 12:00am
KANUPP restarts operations

KANUPP restarts operations

The Karachi Nuclear Power Plant (KANUPP) was brought back into operation on Wednesday morning when it started providing 70 MW electricity to Karachi Electric Supply Corporation (KESC). The plant outage occurred on June 28, when the KESC's 220 kv Baldia/KD
Published 05 Jul, 2007 12:00am
KANUPP restarts operations

KANUPP restarts operations

The Karachi Nuclear Power Plant (KANUPP) was brought back into operation on Wednesday morning when it started providing 70 MW electricity to Karachi Electric Supply Corporation (KESC). The plant outage occurred on June 28, when the KESC's 220 kv Baldia/KD
Published 05 Jul, 2007 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
Aamir Liaquat resigns

Aamir Liaquat resigns

State Minister for Religious Affairs Dr Aamir Liaquat has resigned from ministership and membership of the National Assembly. Dr Aamir Liaquat dispatched his resignation to Prime Minister Shaukat Aziz and his staff confirmed it. The state minister along w
Published 05 Jul, 2007 12:00am
Aamir Liaquat resigns

Aamir Liaquat resigns

State Minister for Religious Affairs Dr Aamir Liaquat has resigned from ministership and membership of the National Assembly. Dr Aamir Liaquat dispatched his resignation to Prime Minister Shaukat Aziz and his staff confirmed it. The state minister along w
Published 05 Jul, 2007 12:00am
Lal Masjid administrators responsible for situation: Sherpao

Lal Masjid administrators responsible for situation: Sherpao

Federal Interior Minister Aftab Ahmed Khan Sherpao said here on Wednesday that the government had been trying to solve the Lal Masjid Jamia Hafsa row peacefully but the administrators of the seminary failed to respond positively. Talking to PTV in a telep
Published 05 Jul, 2007 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Jul, 2007 12:00am
Wapda extends incentive package deadline

Wapda extends incentive package deadline

Water and Power Development Authority (Wapda) has further extended the period of availing incentive package for industries including regular industries of seasonal nature ie ice factories, ginning factories, oil mills and rice shellers etc, up to December
Published 05 Jul, 2007 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Jul, 2007 12:00am
BBC correspondent freed in Gaza

BBC correspondent freed in Gaza

Alan Johnston, the BBC journalist held hostage in the Gaza Strip, was freed on Wednesday after a deal between the ruling Hamas Islamists and the al Qaeda-inspired clan group that kidnapped him in March.
Published 05 Jul, 2007 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Jul, 2007 12:00am
BBC correspondent freed in Gaza

BBC correspondent freed in Gaza

Alan Johnston, the BBC journalist held hostage in the Gaza Strip, was freed on Wednesday after a deal between the ruling Hamas Islamists and the al Qaeda-inspired clan group that kidnapped him in March.
Published 05 Jul, 2007 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (July 04, 2007).

Published 05 Jul, 2007 12:00am
NIT declares highest-ever dividend

NIT declares highest-ever dividend

The National Investment Trust (NIT) has declared the highest-ever dividend of Rs 6.20 per unit for its unit holders for the year ended on June 30. Addressing a press conference after the approval of annual accounts by the board of directors at a local hot
Published 05 Jul, 2007 12:00am
NIT declares highest-ever dividend

NIT declares highest-ever dividend

The National Investment Trust (NIT) has declared the highest-ever dividend of Rs 6.20 per unit for its unit holders for the year ended on June 30. Addressing a press conference after the approval of annual accounts by the board of directors at a local hot
Published 05 Jul, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Jul, 2007 12:00am
SHC issues notice to Privatisation Commission and KESC

SHC issues notice to Privatisation Commission and KESC

The Sindh High Court Wednesday issued notice to Cabinet Secretary, the Privatisation Commission and the Karachi Electric Supply Corporation for July 11, 2007 on a petition challenging the privatisation of KESC.
Published 05 Jul, 2007 12:00am