Business Recorder articles from September 2009, page 7

Business Recorder archives from September 2009

Oil cake market rates.
September 27, 2009... Byline: RECORDER REPORT Firm trend was seen on the forward cottonseed oilcake market on Saturday in process of slow trading, dealers said. The December vaida, which closed at 901.50, opened with a rise of 20 paisa at Rs 901.70 and January...

Plastic mouldings lower on Jodia Bazar.
September 27, 2009... Byline: RECORDER REPORT The trading in plastic moulding compounds closed lower on Jodia Bazar here on Saturday. The following changes were noted. PLASTIC MOULDING COMPOUNDS (Per lb): HDPE (FILM) (Per lb): Saudia 952 edged down by Rs 2.50...

Spot rate raised to Rs 3500 amid brisk activity on cotton market.
September 27, 2009... Byline: RECORDER REPORT Brisk activity was seen on the cotton market on Saturday as official spot rate was raised, dealers said on Saturday. The official spot rate was increased by Rs 25 to Rs 3500, they said. Mills showed no reluctance in...

Irri-6 Sindh sharply lower on grain market.
September 27, 2009... Byline: RECORDER REPORT Declining trend in prices was seen on the wholesale grain and seed market on Saturday as buyers were still expecting that prices will come further down due to steady supplies from upcountry centres, dealers said. On...

Activity at Karachi and Qasim ports.
September 27, 2009... Byline: RECORDER REPORT The Karachi Port handled 136,358 tonnes of cargo including 95,785 tonnes import and 40,573 tonnes export cargo including 4,157 empty and loaded containers during last 24 hours ending at 0700 hours on Saturday. The...

AFC President's Cup final on September 27.
September 27, 2009... Byline: RECORDER REPORT The final of fifth AFC President's Cup will be played on Sunday (September 27) at Metallurg Stadium between Tajikistan's Regar TadAZ and Kyrgyzstan's Dordoi-Dynamo. Earlier, Pakistan Wapda put up heroic display in 3-4...

Guantanamo facility not to close as scheduled in January.
September 27, 2009... The controversial US detention facility in Guantanamo Bay, Cuba, will not be closed as planned next January, US government officials said Saturday. According to a report by US broadcaster CNN, two members of the US administration stated that the...

Iesco power shutdown schedule.
September 27, 2009... Islamabad Electric Supply Company (IESCO) has announced that power supply to different areas will remain suspended due to construction and annual maintenance works. As per the shutdown schedule, on Sunday, September 27, power supply to Karor...

Beta Investing.
September 27, 2009... Byline: DR ALI KHALIL MALIK & MUHAMMAD MOBEEN AJMAL As they say "There are no free lunches on Wall Street", ie you don't get any return in excess of risk- free or treasury return without taking on risk and a prior the higher the risk the...

World Tourism Day today.
September 27, 2009... Like other parts of the globe, the World Tourism Day would be celebrated in Pakistan also on Sunday (September 27) with an aim to foster awareness among the people about the importance of tourism and its social, cultural, political and economic...

Bulleh Shah Urs from October 1.
September 27, 2009... The 252nd Urs of great Sufi poet of the sub-continent, Hazrat Baba Bulleh Shah will start from October 1. The three-day celebrations will be inaugurated by Provincial Auqaf Minister, Ahsanud Din Qureshi. Naat, Qawwali and Mushaira contests will...

FoDP meeting a great success.
September 27, 2009... Byline: FAROOQ MOIN The Friends of Democratic Pakistan Summit held in New York has set up a Multi Donor Trust Fund MDTF to be managed by the World Bank and come up with sustained financial support for Pakistan's overall economic development...

Protecting the telecom consumers through 'Consumer Protection Regulations 2009'.
September 27, 2009... Byline: SYEDA RAFIA MAZHAR Times have changed and having a cell phone is no more a luxury. Today, the mobile phone has marked its place in the list of basic commodities. No matter which class you belong to or which age group your are from,...

Why developing nations are underdeveloped?
September 27, 2009... Byline: ZOHA RAZA JIVANI The World Economic Forum released its Global Competitiveness Report 2009-2010 on 8th September 2009. This report categorises different economies in four different stages of development and as most of the developing...

Shawwal moon controversy.
September 27, 2009... Byline: KHALIL UR REHMAN (KARACHI) I just can't avoid lamenting upon celebration of the two Eids by the fellow countrymen. The matter this time was grossly mishandled at the Provincial Government of NWFP, Federal Government, Ruet-e-Hilal...

Landlocked states: Twists, turns and tight terms in international trade.
September 27, 2009... Byline: M ZAFAR HAIDER JAPPA With this article, my research on UNCTAD's notified 31 landlocked developing countries will be over for the time being. This article will focus on Armenia, Azerbaijan, Macedonia and Moldova in the backdrop of...

Menace of Tuberculosis.
September 27, 2009... It is extremely alarming that Pakistan ranks eighth among the TB-burdened countries in the world, with as many as 300,000 new cases emerging every year and 75 percent of the patients being in the productive 15-49 age group. Secondly, an infected...

Contours of National Steel Policy.
September 27, 2009... The government is preparing a long-term National Steel Policy to increase annual steel production in the country to 10 million tons by 2010 and 15 million tons by the year 2020. According to a news report, modern infrastructure will be developed...

Adnan Azmat elected Chairman PRGMEA.
September 27, 2009... Byline: RECORDER REPORT Adnan Azmat elected as Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) North Zone for the year 2009-10. At the annual general meeting held at the association's zonal office, Riaz...

Hafiz Saeed's petition: LHC to hold proceedings on September 28.
September 27, 2009... Byline: RECORDER REPORT A division bench of Lahore High Court (LHC) here Monday will hold proceedings on a petition moved by chief Jamat-ud-Dawa (JuD) Hafiz Mohammad Saeed challenging two criminal cases lodged against him on the charges of...

78 projects launched in Astore.
September 27, 2009... Executive Engineer, PWD, District Astore Amir Hussain has said that some 78 developmental projects worth millions of rupees have been launched in upper regions of district Astore to bring this backward area at par with rest of the developed...

Need to strengthen ties with China stressed.
September 27, 2009... Speakers at a seminar here on Saturday stressed the need for enhancing bilateral relations with China on which, they said, the bright future of Pakistan lies. China-Pakistan Economic Co-operation Seminar was organised by ICCI and Association of...

PLF demands Zardari quit PPP co-chairperson's post.
September 27, 2009... Byline: RECORDER REPORT Pakistan Lawyers Forum (PLF) has sent a legal notice to President Asif Ali Zardari asking him to surrender the office of co-chairperson of the Pakistan People's Party, which, it argues, is in violation of the...

Opposition concerned over 'talk' of Baradari selling: City Council revises fee for change of land use.
September 27, 2009... Byline: ISMAIL DILAWAR The opposition in the City Council on Saturday voiced concern over the rumours that the city government has sold out the historical site of Baradari to Pearl Continental Hotel which will use the land for expanding its...

Ufone 'Incoming Call Bonus'.
September 27, 2009... Ufone has launched Incoming Call Bonus Promotion for its customers. The scheme would provide an opportunity for customers to get Rs 0.25 instantly for every off net incoming call of more than two minutes duration. -PR Copyright 2009...

Dust thunderstorm, rain expected in Upper Punjab, Kashmir, NWFP.
September 27, 2009... Meteorological Department on Saturday forecast isolated dust thunderstorm and rain in upper Punjab, Kashmir and NWFP during next 36 hours. Mainly hot and dry weather is expected in most parts of the Punjab. A shallow westerly wave is likely to...

Asmat Ullah Niazi elected Chairman APCMA.
September 27, 2009... In an Annual General Meeting (AGM) of the General Body of All Pakistan Cement Manufacturers Association (APCMA) held on September 26, at APCMA Secretariat, Lahore, the announcement of election results for the term 2009-2010 has been made....

Call for raising awareness about Alzheimer.
September 27, 2009... Byline: MUHAMMAD SALEEM Speakers at the functions held in connection with World Alzheimer Day have called for creating awareness among the people about the disease, as its early detection and intervention with improved therapies provide the...

Shahbaz accused of pressuring 'Q' member to change loyalty.
September 27, 2009... Byline: RECORDER REPORT Pakistan Muslim League-Q (PML-Q) on Saturday accused Chief Minister Punjab of pressurising its members to change their loyalties. The provincial leadership of PMLQ criticised the Punjab government for registering...

Small traders concerned over slump in Eid shopping.
September 27, 2009... Byline: RECORDER REPORT Small traders have expressed concern over considerable decline in the number of Eid shoppers this year because of rising poverty and unemployment in the country. Talking toBusiness Recorder on Saturday, Chairman of the...

Pakistan invites APHC leaders for Kashmir consultation.
September 27, 2009... Pakistan extended an invitation to All Parties Hurriyat Conference (APHC) leadership on Friday for consultation on pursuing a process for lasting and peaceful resolution to the core Kashmir issue. Talking to the media persons jointly, Foreign...

PIMS doctors' protest continues.
September 27, 2009... Trainee doctors and House Officers of Pakistan Institute of Medical Sciences (PIMS) on Saturday continued their strike against the appointment of head of Cardiac Centre. Chairman Trainee Doctors and House Officers Association Dr Sajid demanded...

Saudi government requires Haj pilgrims to produce vaccinations certificates.
September 27, 2009... Saudi Arabian government has required all the intending pilgrims to furnish valid certificates of vaccination against Influenza, Meningitis and Polio for seeking entry visas of the kingdom. The prospective pilgrims have also been required to get...

Gilgit-Baltistan assembly to make financial decisions for the first time.
September 27, 2009... For the first time in history, the public representatives of Gilgit-Baltistan would make financial decisions on their own as the upcoming budget would be passed by the Gilgit-Baltistan Assembly after its elections. Prior, Ministry of Kashmir...

President invites world tourists to enjoy Pakistan's diverse tourist attractions.
September 27, 2009... President Asif Ali Zardari has invited the world tourists to visit Pakistan and enjoy the diversity of it's tourism wealth that ranges from world's highest snow-peaked mountains in the north to the thousands-year old ancient civilisations in the...

Drought to impact peanut.
September 27, 2009... The production of peanut would be impacted in rain irrigated areas of the district due to long drought. The farmer would have to bear deficit of millions due shortage of production. According to growers, shortfall of rain in monsoon would create...

National Assembly body concerned over discrimination faced by HIV/AIDS patients.
September 27, 2009... Sub Committee of National Assembly's Standing Committee on Health on Saturday expressed its concern over discrimination being faced by those living with HIV/AIDS. The National Assembly body in its meeting chaired by Dr Donya Aziz noted that...

Unity, brotherhood among masses: District interfaith committees to be formed: minister.
September 27, 2009... Byline: RECORDER REPORT The Federal Minister for Minorities Affairs, Shahbaz Bhatti, has said that under the directives of Prime Minister District Interfaith Committees would be established throughout the country shortly. Addressing a news...

Education, health sectors top of the agenda of government: Qaim.
September 27, 2009... Chief Minister Sindh Syed Qaim Ali Shah has said that education and health sectors have been given priority in the development of the province, while under the manifesto of Pakistan Peoples' Party (PPP), employment issue has been addressed in...

'Swat operation has improved country's economic condition'.
September 27, 2009... Byline: RECORDER REPORT The Swat operation has improved the country's economic condition, which has paved the way to achieve the current fiscal revenue target. This was stated by Federal Board of Revenue (FBR) Chairman Sohail Ahmed in the...

NGOs asked to provide free medical help to Thalassemics.
September 27, 2009... Federal Minister for Health, Aijaz Ahmed Jakhrani has said that the government is encouraging the private sector to provide free medical help to Thalassemia patients. During his visit to Blood Transfusion Services and Thalassaemia Control...

'US aid for Pakistan to strengthen economy'.
September 27, 2009... Provincial Minister for Finance Tanvir Ashraf Kaira has said that approval of billions of dollars aid by US for Pakistan would have positive impact on economy of the country and boost the confidence of foreign investors. Talking to a delegation...

Bannu, Peshawar blasts condemned.
September 27, 2009... Speaker National Assembly Dr Fehmida Mirza and Deputy Speaker Faisal Karim Kundi on Saturday strongly condemned bomb blasts in Bannu and Peshawar. In their separate messages, the Speaker and Deputy Speaker termed the bomb blasts in Bannu and...

President and Prime Minister condemn Bannu attack.
September 27, 2009... President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani on Saturday strongly condemned the attack on police station in Bannu and the heavy loss of life. In separate messages the two leaders expressed the government's resolve not to...

Ministers condemn blasts in Peshawar, Bannu.
September 27, 2009... Minister for Defence Chaudhry Ahmad Mukhtar, Minister for Defence Production Abdul Qayyum Khan Jatoi and Minister of State for Defence Arbab Muhammad Zahir have strongly condemned the bomb blast in Peshawar and Bannu on Saturday. As result of...

PMNH holds workshop on 'Ecological Data Analysis'.
September 27, 2009... Pakistan Museum of Natural History (PMNH) in collaboration with Snow Leopard Trust (SLT) is organising a two-day international Workshop on "Modern Techniques for the Analysis of Ecological Data" here from September 29. As many as 70 scientists,...

Blackwater involved in terrorist acts in Pakistan: Qazi.
September 27, 2009... Byline: RECORDER REPORT Former Jamaat-i-Islami Chief Qazi Hussain Ahmed has claimed that US private security firm Blackwater is involved in terrorist activities in the country and it is operating under the guise of "XE International", and US...

Approval of Kerry-Lugar Bill widely hailed.
September 27, 2009... The passage of Kerry-Lugar Bill under which Pakistan would receive $1.5 billion annually, is confidence of the US leadership over the democratically elected government of Pakistan and it would bring economic stability in the country besides...

Chief Justice LHC constitutes 9 DBs, 18 SBs for next week.
September 27, 2009... Chief Justice of the Lahore High Court (LHC), Justice Khawaja Muhammad Sharif has constituted 9 Division Benches (DBs) and 18 Single Benches (SBs) to hear the cases at the Principal Seat during next week commencing from September 28. According...

Over 12000 jailers to benefit from increase in pay.
September 27, 2009... Nearly 12000 jailers from Inspector General of Prisons to Warder across the province will benefit from upgradation of their existing posts and increase of double pay announced by the Chief Minister Punjab at par with Punjab Police. Talking to...

Six benches at Principal seat constituted for next week.
September 27, 2009... The Chief Justice Iftikhar Muhammad Chaudhry has constituted six benches for the next week starting from September 28 at the Principal seat to hear a number of cases. The first bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice...

HSSC supplementary exams start from 3rd October.
September 27, 2009... Higher Secondary School Certificate (HSSC) supplementary Examination 2009 of the Federal Board of Intermediate and Secondary Education (FBISE) will commence from October 03. The roll number slips of the candidates appearing in the examination...

CCTV sets, mobiles jammers installed at exam centres.
September 27, 2009... The network of close circuit television and jammers for blocking all incoming and outgoing calls from mobiles have been installed at all the examination centres for pre-admission entry test for MBBS first year being conducted on Monday across...

'Pakistan has lowest primary education ratio in region'.
September 27, 2009... Byline: RECORDER REPORT Pakistan has a lower rate of primary education as compared to other regional countries, a World Bank report on Development Indicators 2009. According to the report, 32 percent of male while 22 percent of females...

Swine flu patients stable: PIMS.
September 27, 2009... Both patients of swine flu admitted in Pakistan Institute of Medical Sciences (PIMS) are stable and they will be discharged soon. According to hospital sources here on Saturday, both swine flu patients Syed Abdul Qadir Hussain and Imran Khan are...

Pay & pension formula: Ishrat discusses increase with Shahbaz.
September 27, 2009... Byline: RECORDER REPORT A delegation headed by Chairman Pay and Pension Commission, Dr Ishrat Hussain called on the Punjab Chief Minister Shahbaz Sharif at Chief Minister's Secretariat here on Saturday and discussed with him various aspects...

Five would-be suicide bombers held.
September 27, 2009... Byline: RECORDER REPORT Dera Ghazi Khan Police have arrested five youths who obtained training of suicide attack in South Waziristan. However Police failed to catch the master trainer Hanif Gabol. DPO Dera Ghazi Khan Dr Muhammad Rizwan...

'Chicken prices to fall after new stock arrival'.
September 27, 2009... Byline: M RAFIQUE GORAYA Chicken meat prices after touching highest level of Rs 200 to 230 per kilogram this month due to less production and strong demand are likely to fall soon with the arrival of new stock, poultry farmers told Business...

Chinese team calls on Rana Mashood.
September 27, 2009... Byline: RECORDER REPORT A Chinese delegation headed by Managing Director Schin Chang Hang Electric Company Yorkson Wang has called on acting Speaker Punjab Assembly Rana Mashood Ahmed at Assembly chambers on Saturday. Rana Mashood briefed the...

FIA detects massive corruption in PSM dealings with steel dealers.
September 27, 2009... Byline: AAMIR MAJEED The Federal Investigation Agency (FIA) has detected massive corruption in Pakistan Steel Mills dealings with the dealers in its initial findings and refused to stop the probe before conclusion of the case. The agency...

Bureaucracy creating hurdles in development process: Kamal.
September 27, 2009... Nazim Karachi, Mustafa Kamal has said that certain elements in the bureaucracy were creating hurdles in the development process in Karachi. "They are trying to withhold even approved funds for city government allegedly due to which city...

'India should give people of Occupied Kashmir' the right to vote.
September 27, 2009... Byline: RECORDER REPORT Acting Prime Minister Azad Kashmir Sardar Qamar-uz-Zaman said Saturday Pakistan has given the people of Gilgit-Baltistan the right to vote and India should also follow suit and let the people of Occupied Kashmir to...

Dr N A Baloch Institute of Heritage Research inaugurated.
September 27, 2009... Byline: RECORDER REPORT Chief Secretary Sindh Fazal-ur-Rehman has said that Sindh government has put an efficient and effective mechanism in place with seed money of Rs 1000 million to conserve and protect the cultural and archaeological...

GEF, UNEP take initiative to upgrade lighting systems.
September 27, 2009... Byline: ITRAT BASHIR A new global initiative to accelerate the uptake of low energy light bulbs and efficient lighting systems was launched by the Global Environment Facility (GEF) and the United Nations Environment Programme (UNEP), the...

Three die, five hurt in various incidents.
September 27, 2009... Byline: RECORDER REPORT At least three persons died while five others including a woman were injured in separate incidents in the city on Saturday. According to details, a man was shot dead by two unidentified armed motorcyclists in the...

Punjab government implementing comprehensive uplift plan: Shahbaz.
September 27, 2009... Byline: RECORDER REPORT Punjab Chief Minister, Shahbaz Sharif has said that Punjab government is implementing a comprehensive programme for the speedy development of the province and prosperity of the people and all the funds are being spent...

Indo-Pak foreign secretaries meeting: Gohar expresses guarded optimism over outcome.
September 27, 2009... Byline: RECORDER REPORT Gohar Ayub Khan former foreign minister of Pakistan has expressed guarded optimism over the outcome of the talks between Pakistani and Indian foreign secretaries in New York, adding these could be result-oriented. In a...

PFMA-Punjab elections to be held today.
September 27, 2009... Byline: RECORDER REPORT Elections for the four Corporate class and four Associate class seats of the Pakistan Flourmills Association (PFMA-Punjab) and two central committee seats will be held on September 27, 2009 (Sunday). There are eight...

'No foreign investor will dare to invest'.
September 27, 2009... Byline: RECORDER REPORT General Secretary PML-N (Traders Wing) Punjab and President Mall Road Traders Association Naeem Mir has said that no country on foreign aid can maintain its existence. In a statement issued here on Saturday, Mir...

Zardari's US visit wins unprecedented strategic support: Farhat.
September 27, 2009... President Asif Ali Zardari on Saturday wrapped up his six-day hectic visit to New York that a top official said had won unprecedented strategic support for Pakistan coupled with boosting the confidence of the country's democratic set-up. ...

Altaf condemns blasts.
September 27, 2009... Muttahida Qaumi Movement (MQM), Chief Altaf Hussain strongly condemned the blasts at Banu, Peshawar and Gilgit. In a statement issued by MQM here on Saturday, Hussain expressed deep sorrow and grief over deaths and injuries sustained by the...

Public office holders accountability: Gilani directs ministry to present bill early.
September 27, 2009... Prime Minister Syed Yusuf Raza Gilani on Saturday directed the Ministry of Parliamentary Affairs to present early the bill in National Assembly on the accountability of public office holders. The Prime Minister stated this while chairing a...

Prime Minister to head Gilgit-Baltistan Council.
September 27, 2009... Under the new Gilgit-Baltistan Empowerment and Self Governance Order 2009, Prime Minister will be the Chairman of Gilgit-Baltistan Council consisting of Governor and six members. The Prime Minister will nominate members of the Council from...

US to help build civilian law enforcement capacity: Rehman.
September 27, 2009... The US Administration wants to build civilian law enforcement capacity of Pakistan and a senior American adviser on counterterrorism will travel to the country in a fortnight to hold discussions towards that end, Interior Minister Rehman Malik...

UN commission returning to Pakistan next week to resume work.
September 27, 2009... The UN commission looking into the assassination of former prime minister Mohtarma Benazir Bhutto will leave for Pakistan on Monday in continuation of its work aimed at identifying facts and circumstances of the 2007 tragedy, Interior Minister...

Leading lawyers react to Kurd's statement on judiciary.
September 27, 2009... Byline: PEER MUHAMMAD In contrast to the views expressed by Ali Ahmad Kurd, prominent figures of lawyers' movement on Saturday said that the new judiciary was playing significant role in dispensing quick and inexpensive justice to people and...

'Trust deficit responsible for FoDP moot's failure'.
September 27, 2009... PML-N Information Secretary Ahsan Iqbal has held 'trust deficit' responsible for the government's failure to get any tangible outcome from the recent "Friends of Democratic Pakistan" moot. He said parking of funds for Pakistan with the World...

Winter season expected crisis: CNG stations won't be shutdown in any part of country: Naveed.
September 27, 2009... Byline: RECORDER REPORT Federal Minister for Petroleum and Natural Resources Syed Naveed Qamar has said the CNG stations would not be shut down in any part of the country in the winter season. Talking to media during his visit to Fauji Oil...

At least one LNG terminal by 2010 at Port Qasim: Qamar.
September 27, 2009... Minister for Petroleum and Natural Resources Syed Naveed Qamar said on Saturday that the government was planning to have at least one terminal ready for handling liquefied natural gas (LNG) at Port Qasim by 2010. He was talking to media persons...

Amendment in law to implement VAT: bill likely to be tabled in National Assembly by March 2010: Sohail.
September 27, 2009... Byline: RECORDER REPORT Chairman of the Federal Board of Revenue (FBR), Sohail Ahmed has said a bill to amend law to pave the way for the implementation of Value Added Tax (VAT) is likely to be tabled in the National Assembly by March 2010....

World Development Indicators 2009: Agriculture sector''s average growth down by one percent.
September 27, 2009... Byline: ZAHEER ABBASI & NAVEED BUTT Average annual growth of Pakistan''s agriculture sector declined by one percent from 2000 to 2007, while in all other regional countries, except India, agriculture witnessed a growth, according to World...

Pakistan asks OIC to play proactive role in projecting Muslim causes.
September 27, 2009... Pakistan on Saturday urged the 57-member Organisation of Islamic Conference (OIC) to play a proactive role in projecting the Muslim causes and in facilitating just and peaceful solution of disputes involving them. In a statement by Foreign...

Defence cooperation: Pakistan to talk with five states.
September 27, 2009... Byline: MUSHTAQ GHUMMAN Pakistan is to initiate talks on defence co-operation with Austria, Turkmenistan, Romania and Brunei Darussalam, as the Inter-Services Intelligence (ISI) and the Law Ministry have cleared the proposal submitted by the...

World Development Indicators 2009: Agriculture sector's average growth down by one percent.
September 27, 2009... Byline: ZAHEER ABBASI & NAVEED BUTT Average annual growth of Pakistan's agriculture sector declined by one percent from 2000 to 2007, while in all other regional countries, except India, agriculture witnessed a growth, according to World...