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Print - 2007-10-01
KCA spot rate, lint prices turn lower despite hectic buying

KCA spot rate, lint prices turn lower despite hectic buying

Rains havoc have prompted spinners and textile millers to grab every bale on offer minding least about asking prices which have bounced back to Rs 3000 per bale. The rains if not ceased right now buyers think a fresh burst of prices were likely. The spot
Published 01 Oct, 2007 12:00am
KCA spot rate, lint prices turn lower despite hectic buying

KCA spot rate, lint prices turn lower despite hectic buying

Rains havoc have prompted spinners and textile millers to grab every bale on offer minding least about asking prices which have bounced back to Rs 3000 per bale. The rains if not ceased right now buyers think a fresh burst of prices were likely. The spot
Published 01 Oct, 2007 12:00am
Torture on lawyers and journalists condemned

Torture on lawyers and journalists condemned

The activists of the civil society and lawyers' community on Sunday condemned the brutal act of torture against journalists, Parliamentarians and lawyers outside the office of Chief election commissioner of Pakistan in Islamabad.
Published 01 Oct, 2007 12:00am
International Day of older persons today

International Day of older persons today

The International Day of older persons would be observed on Monday internationally with the theme of "Empowering Old Persons". The older persons day aims to recognise the contributions of seniors to human and economic development, drawing attention to the
Published 01 Oct, 2007 12:00am
Prices fluctuate on supply and demand factor

Prices fluctuate on supply and demand factor

Second week of Ramazan incidentally-had rising trend sustained, though not necessarily had any link with Holy month of Ramazan during the week ended on September 29, 2007. Certain items fluctuated both ways depending on supply and demand.
Published 01 Oct, 2007 12:00am
Two bombs defused

Two bombs defused

The Bomb Disposal Squad of Karachi police claim to have defused two bombs planted along the towers of Hubco transmission line on Sunday. According to SSP Special Branch Karachi, Shahab Mazhar Bhalli, the two bombs planted separately were of four kg each a
Published 01 Oct, 2007 12:00am
Need to boost concept of family as unit stressed

Need to boost concept of family as unit stressed

Advisor to Sindh Chief Minster on Information and Archives Hamid Hussain Abidi declared here on Sunday that there was need to strengthen the concept and working of the family as an integrated unit leading upwards to national unity and cohesion.
Published 01 Oct, 2007 12:00am
Journalists observe black day in Faisalabad

Journalists observe black day in Faisalabad

The Faisalabad Union of Journalists (FUJ), TV Journalists Union and News Photographers Association jointly observed Black Day to mark protest against police violence meted on the journalists outside the Election Commission Office in Islamabad.
Published 01 Oct, 2007 12:00am
Girls school building blown up in Swat

Girls school building blown up in Swat

Girls high school in Kabal (Swat district) was blown up by some unknown miscreants in the wee hours on Sunday, however no casualty was reported. According to police, the explosion totally destroyed the two-storey school building and caused damage to nearb
Published 01 Oct, 2007 12:00am
Girls school building blown up in Swat

Girls school building blown up in Swat

Girls high school in Kabal (Swat district) was blown up by some unknown miscreants in the wee hours on Sunday, however no casualty was reported. According to police, the explosion totally destroyed the two-storey school building and caused damage to nearb
Published 01 Oct, 2007 12:00am
Soldier killed, 14 hurt in militant attack

Soldier killed, 14 hurt in militant attack

A soldier was killed and 14 others wounded when pro-Taliban militants fired rockets and detonated a roadside bomb near Mir Ali town of North Waziristan, security officials said.
Published 01 Oct, 2007 12:00am
Soldier killed, 14 hurt in militant attack

Soldier killed, 14 hurt in militant attack

A soldier was killed and 14 others wounded when pro-Taliban militants fired rockets and detonated a roadside bomb near Mir Ali town of North Waziristan, security officials said.
Published 01 Oct, 2007 12:00am
Tripartite talks held to check illegal movement

Tripartite talks held to check illegal movement

A tripartite meeting of Pakistan-Afghanistan-Nato was held here on Sunday to review security of Pak-Afghan border and increase coordination among three stakeholders to check illegal cross border movement, Frontier Corps sources told APP.
Published 01 Oct, 2007 12:00am
Tripartite talks held to check illegal movement

Tripartite talks held to check illegal movement

A tripartite meeting of Pakistan-Afghanistan-Nato was held here on Sunday to review security of Pak-Afghan border and increase coordination among three stakeholders to check illegal cross border movement, Frontier Corps sources told APP.
Published 01 Oct, 2007 12:00am
Pakistan's economy fast growing: Shaukat

Pakistan's economy fast growing: Shaukat

Prime Minister Shaukat Aziz said the successful implementation of wide ranging structural reforms and supportive macroeconomic policies have transformed Pakistan's economy into a stable and resurgent one. It was because of the policies and reforms, he sai
Published 01 Oct, 2007 12:00am
World Bank asks Pakistan to adopt 'national roaming policy'

World Bank asks Pakistan to adopt 'national roaming policy'

World Bank (WB) has asked Pakistan for a 'national roaming policy', which will help reduce the need for redundant infrastructure investments, particularly in rural areas, as at present there is no national roaming policy in place for Pakistan.
Published 01 Oct, 2007 12:00am
Final list of presidential candidates today

Final list of presidential candidates today

The Election Commission of Pakistan (ECP) will release the final list of the nominated candidates participating in the presidential election today (Monday).
Published 01 Oct, 2007 12:00am
Bulls rule the roost on LSE

Bulls rule the roost on LSE

Despite the deepening political uncertainty following the APDM announcement to resign from the national and provincial assemblies, the share market, the Lahore Stock Exchange (LHC), depicted positive signs with 2.31 percent gain, but activity remained ext
Published 01 Oct, 2007 12:00am
Bulls rule the roost on LSE

Bulls rule the roost on LSE

Despite the deepening political uncertainty following the APDM announcement to resign from the national and provincial assemblies, the share market, the Lahore Stock Exchange (LHC), depicted positive signs with 2.31 percent gain, but activity remained ext
Published 01 Oct, 2007 12:00am
Pakistan and US sign Fata development accord

Pakistan and US sign Fata development accord

Pakistan and the United States of America on Sunday signed a new $750 million agreement for the development of social sectors in Federally Administered Tribal Areas (FATA).
Published 01 Oct, 2007 12:00am
Pakistan and US sign Fata development accord

Pakistan and US sign Fata development accord

Pakistan and the United States of America on Sunday signed a new $750 million agreement for the development of social sectors in Federally Administered Tribal Areas (FATA).
Published 01 Oct, 2007 12:00am
Pakistan and US sign Fata development accord

Pakistan and US sign Fata development accord

Pakistan and the United States of America on Sunday signed a new $750 million agreement for the development of social sectors in Federally Administered Tribal Areas (FATA).
Published 01 Oct, 2007 12:00am
Proposed FSC Act causes considerable controversy

Proposed FSC Act causes considerable controversy

The proposed Financial Services Commission Act has caused a considerable controversy, leaving financial experts, particularly those belonging to banking sector, in a state of not being certain about what is happening, what they should do and what somethin
Published 01 Oct, 2007 12:00am
Proposed FSC Act causes considerable controversy

Proposed FSC Act causes considerable controversy

The proposed Financial Services Commission Act has caused a considerable controversy, leaving financial experts, particularly those belonging to banking sector, in a state of not being certain about what is happening, what they should do and what somethin
Published 01 Oct, 2007 12:00am
Proposed FSC Act causes considerable controversy

Proposed FSC Act causes considerable controversy

The proposed Financial Services Commission Act has caused a considerable controversy, leaving financial experts, particularly those belonging to banking sector, in a state of not being certain about what is happening, what they should do and what somethin
Published 01 Oct, 2007 12:00am
Five percent rise in investment under CFS

Five percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday, Sep 28, increased by 5 percent on week-on-week basis to Rs 50.6 billion from Rs 48.2 billion of previous week. The rate surged by 31 bps to 11.12 percent from 10.81 percen
Published 01 Oct, 2007 12:00am
Five percent rise in investment under CFS

Five percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday, Sep 28, increased by 5 percent on week-on-week basis to Rs 50.6 billion from Rs 48.2 billion of previous week. The rate surged by 31 bps to 11.12 percent from 10.81 percen
Published 01 Oct, 2007 12:00am
Five percent rise in investment under CFS

Five percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday, Sep 28, increased by 5 percent on week-on-week basis to Rs 50.6 billion from Rs 48.2 billion of previous week. The rate surged by 31 bps to 11.12 percent from 10.81 percen
Published 01 Oct, 2007 12:00am
Five percent rise in investment under CFS

Five percent rise in investment under CFS

Investment under Continuous Funding System (CFS) at Karachi share market on Friday, Sep 28, increased by 5 percent on week-on-week basis to Rs 50.6 billion from Rs 48.2 billion of previous week. The rate surged by 31 bps to 11.12 percent from 10.81 percen
Published 01 Oct, 2007 12:00am
Potential retailers registered with sales tax department

Potential retailers registered with sales tax department

Collectorates of Sales Tax and Federal Excise have registered certain potential retailers on the basis of annual turnover declared with the income tax department under the ongoing national exercise to broaden the tax-base. Sources told Business Recorde
Published 01 Oct, 2007 12:00am
Potential retailers registered with sales tax department

Potential retailers registered with sales tax department

Collectorates of Sales Tax and Federal Excise have registered certain potential retailers on the basis of annual turnover declared with the income tax department under the ongoing national exercise to broaden the tax-base. Sources told Business Recorde
Published 01 Oct, 2007 12:00am
Potential retailers registered with sales tax department

Potential retailers registered with sales tax department

Collectorates of Sales Tax and Federal Excise have registered certain potential retailers on the basis of annual turnover declared with the income tax department under the ongoing national exercise to broaden the tax-base. Sources told Business Recorde
Published 01 Oct, 2007 12:00am
Share market depicts bullish trend

Share market depicts bullish trend

The Karachi share market witnessed positive momentum during the week ended on September 28, 2007 with KSE-100 index rising to 13,351.79 points and gaining 286.62 points. The KSE-30 index also surged by 475.96 points, ending at 16,183.09 points level.
Published 01 Oct, 2007 12:00am
Share market depicts bullish trend

Share market depicts bullish trend

The Karachi share market witnessed positive momentum during the week ended on September 28, 2007 with KSE-100 index rising to 13,351.79 points and gaining 286.62 points. The KSE-30 index also surged by 475.96 points, ending at 16,183.09 points level.
Published 01 Oct, 2007 12:00am
Share market depicts bullish trend

Share market depicts bullish trend

The Karachi share market witnessed positive momentum during the week ended on September 28, 2007 with KSE-100 index rising to 13,351.79 points and gaining 286.62 points. The KSE-30 index also surged by 475.96 points, ending at 16,183.09 points level.
Published 01 Oct, 2007 12:00am
SECP ready to exclude banks and money market from FSC Act purview

SECP ready to exclude banks and money market from FSC Act purview

To allay the apprehensions of the State Bank of Pakistan and the banks, the Securities and Exchange Commission of Pakistan has shown willingness to explicitly exclude banking and money market services from the proposed Financial Services Commission Act 20
Published 01 Oct, 2007 12:00am
SECP ready to exclude banks and money market from FSC Act purview

SECP ready to exclude banks and money market from FSC Act purview

To allay the apprehensions of the State Bank of Pakistan and the banks, the Securities and Exchange Commission of Pakistan has shown willingness to explicitly exclude banking and money market services from the proposed Financial Services Commission Act 20
Published 01 Oct, 2007 12:00am
SECP ready to exclude banks and money market from FSC Act purview

SECP ready to exclude banks and money market from FSC Act purview

To allay the apprehensions of the State Bank of Pakistan and the banks, the Securities and Exchange Commission of Pakistan has shown willingness to explicitly exclude banking and money market services from the proposed Financial Services Commission Act 20
Published 01 Oct, 2007 12:00am
SECP ready to exclude banks and money market from FSC Act purview

SECP ready to exclude banks and money market from FSC Act purview

To allay the apprehensions of the State Bank of Pakistan and the banks, the Securities and Exchange Commission of Pakistan has shown willingness to explicitly exclude banking and money market services from the proposed Financial Services Commission Act 20
Published 01 Oct, 2007 12:00am
Pay phone scam: six suspended officials summoned on October 10

Pay phone scam: six suspended officials summoned on October 10

The pay phone scam inquiry committee has issued notices to six suspected senior officials of customs and excise group to personally appear before it on October 10. Sources told Business Recorder on Sunday that the committee has finalised investigat
Published 01 Oct, 2007 12:00am
Iran sees WTI crude around $90

Iran sees WTI crude around $90

An Iranian oil official predicted on Sunday that the price of West Texas Intermediate (WTI) crude could rise to about $90 per barrel by December if the US dollar continued to lose value, Iran''s state broadcaster IRIB''s web site reported.
Published 01 Oct, 2007 12:00am
Iran sees WTI crude around $90

Iran sees WTI crude around $90

An Iranian oil official predicted on Sunday that the price of West Texas Intermediate (WTI) crude could rise to about $90 per barrel by December if the US dollar continued to lose value, Iran's state broadcaster IRIB's web site reported.
Published 01 Oct, 2007 12:00am
Iran sees WTI crude around $90

Iran sees WTI crude around $90

An Iranian oil official predicted on Sunday that the price of West Texas Intermediate (WTI) crude could rise to about $90 per barrel by December if the US dollar continued to lose value, Iran's state broadcaster IRIB's web site reported.
Published 01 Oct, 2007 12:00am
THE RUPEE: slight fall on money market

THE RUPEE: slight fall on money market

Slight fall was seen in the currency market as the rupee failed to retain its firmness against the dollar, while it lost sharply in relation to the euro during the week ended September 30.
Published 01 Oct, 2007 12:00am
THE RUPEE: slight fall on money market

THE RUPEE: slight fall on money market

Slight fall was seen in the currency market as the rupee failed to retain its firmness against the dollar, while it lost sharply in relation to the euro during the week ended September 30.
Published 01 Oct, 2007 12:00am
Journalists protest police torture

Journalists protest police torture

Journalists protested on Sunday the police violence against colleagues covering a protest against President Pervez Musharraf in Islamabad a day earlier. About 400 journalists and human right activists chanted anti-government slogans and condemned police '
Published 01 Oct, 2007 12:00am
Chief Justice takes suo motu notice of police action

Chief Justice takes suo motu notice of police action

Chief Justice Iftikhar Mohammad Chaudhry has taken suo motu notice of the incident of use of force and thrashing of lawyers and media persons by police/law enforcing agencies in front of the Supreme Court and Election Commission of Pakistan Office.
Published 01 Oct, 2007 12:00am
Chief Justice takes suo motu notice of police action

Chief Justice takes suo motu notice of police action

Chief Justice Iftikhar Mohammad Chaudhry has taken suo motu notice of the incident of use of force and thrashing of lawyers and media persons by police/law enforcing agencies in front of the Supreme Court and Election Commission of Pakistan Office.
Published 01 Oct, 2007 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

Oil and Gas Regulatory Authority has announced that petroleum prices will remain same for the next fifteen days. According to Aaj TV, petrol, HOBC and light diesel will continue to sell at rupees 53.70, 64.88 and 32.57 per litre respectively.
Published 01 Oct, 2007 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

Oil and Gas Regulatory Authority has announced that petroleum prices will remain same for the next fifteen days. According to Aaj TV, petrol, HOBC and light diesel will continue to sell at rupees 53.70, 64.88 and 32.57 per litre respectively.
Published 01 Oct, 2007 12:00am
Oil prices kept unchanged

Oil prices kept unchanged

Oil and Gas Regulatory Authority has announced that petroleum prices will remain same for the next fifteen days. According to Aaj TV, petrol, HOBC and light diesel will continue to sell at rupees 53.70, 64.88 and 32.57 per litre respectively.
Published 01 Oct, 2007 12:00am
Prime Minister directs probe into Islamabad incident

Prime Minister directs probe into Islamabad incident

Prime Minister Shaukat Aziz has directed the Interior Ministry for a thorough probe into the incident occurred in front of the Election Commission of Pakistan on Saturday. The Interior Ministry in light of the Prime Minister's directives has constituted a
Published 01 Oct, 2007 12:00am
Prime Minister directs probe into Islamabad incident

Prime Minister directs probe into Islamabad incident

Prime Minister Shaukat Aziz has directed the Interior Ministry for a thorough probe into the incident occurred in front of the Election Commission of Pakistan on Saturday. The Interior Ministry in light of the Prime Minister's directives has constituted a
Published 01 Oct, 2007 12:00am
Thousands in Costa Rica protest US trade pact

Thousands in Costa Rica protest US trade pact

Tens of thousands of Costa Ricans, some dressed as skeletons and holding banners, protested on Sunday against a US trade pact they say will flood the country with cheap farm goods and cause big job losses.
Published 01 Oct, 2007 12:00am
Income tax returns date extended to October 20

Income tax returns date extended to October 20

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns up to October 20, 2007 to facilitate the taxpayers. Official Spokesman, FBR, Imran Ghaznavi said here on Sunday that the taxpayers, tax bars associations, chamber and va
Published 01 Oct, 2007 12:00am
Income tax returns date extended to October 20

Income tax returns date extended to October 20

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns up to October 20, 2007 to facilitate the taxpayers. Official Spokesman, FBR, Imran Ghaznavi said here on Sunday that the taxpayers, tax bars associations, chamber and va
Published 01 Oct, 2007 12:00am
Income tax returns date extended to October 20

Income tax returns date extended to October 20

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns up to October 20, 2007 to facilitate the taxpayers. Official Spokesman, FBR, Imran Ghaznavi said here on Sunday that the taxpayers, tax bars associations, chamber and va
Published 01 Oct, 2007 12:00am
FIRs lodged against journalists and lawyers

FIRs lodged against journalists and lawyers

Islamabad Police has registered FIRs against journalists, lawyers and political activists under different sections for creating law and order situation in front of Supreme Court on Saturday.
Published 01 Oct, 2007 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 24 to 29 2007).

Published 01 Oct, 2007 12:00am
The Weather

The Weather

The weather report on Sunday (September 30, 2007) and the forecast for Monday (October 01, 2007).
Published 01 Oct, 2007 12:00am
KKI weekly market review

KKI weekly market review

Khanani & Kalia International (Pvt) Limited Weekly Market Review on Sunday (September 30, 2007).
Published 01 Oct, 2007 12:00am
Transporters condemn police torture on journalists

Transporters condemn police torture on journalists

The leaders of National Transport Ittehad (NTI), an alliance of 16 transport organisations, have condemned the police torture on journalists, lawyers and other members of civil society in Karachi and Islamabad on Saturday.
Published 01 Oct, 2007 12:00am
PML-Q MNA opts resigns

PML-Q MNA opts resigns

The ruling party MNA, Dr Saira Tariq, has announced to quit the National Assembly and party to protest against the violence on lawyers and journalists by the law-enforcing agencies on the Constitutional Avenue.
Published 01 Oct, 2007 12:00am
Technological strides

Technological strides

In 1900, China had no modern science and technology at all - fewer than 10 people in all of China understood calculus. Now, in the early 21st century, the gap in high-technology research and development between China and the world's advanced countries has
Published 01 Oct, 2007 12:00am
China has changed the course of history

China has changed the course of history

From the past 500 years mankind has seen no word more enchanting and no slogan more captivation as progress. Be it an individual, state, nation or a society. All of us want all, but how many got all? This idiom is not only true for individuals but for nat
Published 01 Oct, 2007 12:00am
Pakistan Atomic Energy Commission in service of the nation

Pakistan Atomic Energy Commission in service of the nation

Pakistan Atomic Energy Commission over the years, has built an extensive infrastructure for contributing to the economic uplift of the country. Its activities span an extremely wide spectrum: from nuclear power generation to minerals development, from dev
Published 01 Oct, 2007 12:00am
Economic reforms: a clear direction

Economic reforms: a clear direction

Economic restructure is one of the most crucial elements of China's reform and opening-up policy. For the first 30 years of the PRC, the government practised a planned economy system, whereby industrial production, agricultural production, and the stockin
Published 01 Oct, 2007 12:00am
58 years of new China

58 years of new China

The Great Peoples of China will celebrate 58th Anniversary of their Founding Day on First October 2007, the arduous journey underwent many ups and downs starting from famous Long March till Open Door Policy, that has brought fruits of prosperity to the Pe
Published 01 Oct, 2007 12:00am
Tursunov beats Becker to take Bangkok title

Tursunov beats Becker to take Bangkok title

Dmitry Tursunov broke a summer losing streak in style Sunday, racing to a 6-2, 6-1 victory over German Benjamin Becker to win the Thailand Open. Sixth seed Tursunov, 29th in the world, lifted a trophy in July in Indianapolis, then lost his next three matc
Published 01 Oct, 2007 12:00am
Williams beats Kirilenko to take Korea Open

Williams beats Kirilenko to take Korea Open

It was much tougher than she had bargained for but Venus Williams got the job done in the end, beating Russian Maria Kirilenko 6-3, 1-6, 6-4 in Sunday's final of the Korea Open in Seoul.
Published 01 Oct, 2007 12:00am
Motor racing: Hamilton evokes memories of Prost, Senna

Motor racing: Hamilton evokes memories of Prost, Senna

Lewis Hamilton evoked memories of Alain Prost and Ayrton Senna on Sunday after a Japanese Grand Prix victory that left him on the verge of Formula One greatness. The 22-year-old Briton will become the first rookie champion, as well as the youngest, if he
Published 01 Oct, 2007 12:00am
Gasquet too good for Rochus in Mumbai final

Gasquet too good for Rochus in Mumbai final

Top-seeded Frenchman Richard Gasquet capped a spectacular run in the Mumbai Open with a 6-3, 6-4 victory over eighth-seeded Belgian Olivier Rochus in the final here on Sunday.
Published 01 Oct, 2007 12:00am
China laying foundations for 2018 FIFA World Cup

China laying foundations for 2018 FIFA World Cup

China's football chief on Saturday said the country is working towards a bid for the 2018 World Cup, although FIFA president Sepp Blatter cautioned against over-confidence.
Published 01 Oct, 2007 12:00am
Presidents Cup: US in command after Woods, Toms shine

Presidents Cup: US in command after Woods, Toms shine

Tiger Woods and David Toms crushed Australians Nick O'Hern and Geoff Ogilvy 5&3 in Saturday's fourballs, capping a commanding display by the United States at the seventh Presidents Cup.
Published 01 Oct, 2007 12:00am
Pakistan aims to put South Africans in a spin

Pakistan aims to put South Africans in a spin

Pakistan captain Shoaib Malik said Sunday his team will not attempt to match South Africa's pace and will instead focus on their own strengths ahead of the Test series opener here.
Published 01 Oct, 2007 12:00am