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Print - 2004-01-17
Petition against SBP admitted for regular hearing

Petition against SBP admitted for regular hearing

The Lahore High Court (LHC) admitted a petition for regular hearing against State Bank of Pakistan (SBP) for asking financial institutions to provide details of all those account holders who are getting profit of over Rs ten thousand.
Published 17 Jan, 2004 12:00am
BRIDGE NOTES: A defence par excellence defeats a slam

BRIDGE NOTES: A defence par excellence defeats a slam

The game of bridge offers almost limitless scope for analyzing deals that have been played or that have been cast up to explain certain points of interest in bidding, play and defence. There are hundreds of exponents, experts and knowledgeable commentator
Published 17 Jan, 2004 12:00am
Resort at Wagha soon

Resort at Wagha soon

An international standard resort would be constructed at Wagha to facilitate the foreign tourists, in which lodges and car-parking facilities would be provided.
Published 17 Jan, 2004 12:00am
Collective marriage of 50 girls

Collective marriage of 50 girls

Punjab Governor Lieutenant General Khalid Maqbool (Retd) will host a ceremony of collective marriage of 50 girls from weak economic strata at Governor House on Sunday.
Published 17 Jan, 2004 12:00am
Hearing put off

Hearing put off

A division bench of the Lahore High Court (LHC) on Friday adjourned to January 21, the proceedings in an election petition filed by Haroon Akhtar against Sheikh Amjad Aziz MPA for arguments on the maintainability of the petition.
Published 17 Jan, 2004 12:00am
Seminar on 'After effects of Saarc Declaration'

Seminar on 'After effects of Saarc Declaration'

Punjab Governor Lieutenant General Khalid Maqbool (Retd) will be the chief guest at a seminar 'After effects of Saarc Declaration' being held at a local hotel on January 17.
Published 17 Jan, 2004 12:00am
Qazi announces mass contact drive against government policies

Qazi announces mass contact drive against government policies

Muttahida Majlis-i-Amal (MMA) Acting President and Jamaat-e-Islami Chief Qazi Hussain Ahmed has announced to start countrywide mass contact campaign against the government policy on Kashmir, bowing to international pressure for rolling back country's nucl
Published 17 Jan, 2004 12:00am
Business circles unhappy over hike in petroleum prices

Business circles unhappy over hike in petroleum prices

Business and industrial circles have strongly criticised further increase in the prices of petroleum products and termed the decision of the Oil Companies Advisory Committee (OCAC) as unjust.
Published 17 Jan, 2004 12:00am
Cleanliness drive in Lahore from next month

Cleanliness drive in Lahore from next month

District Nazim Mian Amer Mahmood has directed for deploying more sanitary workers, increasing their working hours and washing major city roads with the help of fire brigade, during the special cleanliness drive to be launched the next month.
Published 17 Jan, 2004 12:00am
MoU signed for zero waste campaign

MoU signed for zero waste campaign

A Memorandum of Understanding (MoU) was signed among the Lahore City Government, World Wide Funds for Nature Pakistan (WWF-P) and Waste Busters for the running of a zero waste campaign in as many as 150 city government and private schools.
Published 17 Jan, 2004 12:00am
Smeda moot on January 21

Smeda moot on January 21

The Small and Medium Enterprise Development Authority (Smeda) is going to hold a one-day conference on 'SME Development-the way forward' on Wednesday (January 21).
Published 17 Jan, 2004 12:00am
Patwari's petition disposed of

Patwari's petition disposed of

The Lahore High Court (LHC) has disposed of a petition filed by Khizer Hayat Patwari challenging his termination from service.
Published 17 Jan, 2004 12:00am
PPP leader criticises hike in oil prices

PPP leader criticises hike in oil prices

Qasim Zia, head of Pakistan People's Party Parliamentarian (PPPP) Punjab, and the Leader of Opposition in Punjab Assembly, has severally criticised recent hike in petroleum prices.
Published 17 Jan, 2004 12:00am
Youth Theatre Festival starts

Youth Theatre Festival starts

The 4th Youth Theatre Festival being organised by Rafi Peer Theatre Workshop in collaboration with Shell Pakistan started here on Friday.
Published 17 Jan, 2004 12:00am
Mental disorder high among women

Mental disorder high among women

Cases of mental disorders among women in Pakistan is 2 to 3 times more as compared with the males mainly on account of early marriages, tussle in family relations, discriminatory laws and indifferent attitudes towards them.
Published 17 Jan, 2004 12:00am
Verdict reserved

Verdict reserved

An accountability court on Friday reserved its verdict in a petition filed by Shaukat Ali Bhatti, a co-accused in a reference against industrialist, Seth Nisar Ahmad.
Published 17 Jan, 2004 12:00am
AIEA seeks LCCI help for resolving taxation issues

AIEA seeks LCCI help for resolving taxation issues

Atari Industrial Estate Association (AIEA) has asked the Lahore Chamber of Commerce and Industry (LCCI) leadership to resolve the taxation issues being faced by the 450 industries in the estate.
Published 17 Jan, 2004 12:00am
Majlis-i-Amal demands ban on kite flying

Majlis-i-Amal demands ban on kite flying

Muttahida Majlis-i-Amal (MMA) on Friday held a demonstration against the government decision of lifting ban on kite flying for one-month from January 20.
Published 17 Jan, 2004 12:00am
APFTU resents hike in oil prices

APFTU resents hike in oil prices

All Pakistan Federation of Trade Unions (APFTU) has expressed its concern over the recent increase in petroleum prices.
Published 17 Jan, 2004 12:00am
ITIF Asia 2004 opens on January 26

ITIF Asia 2004 opens on January 26

Massive representation of the textile sector of Pakistan is anticipated as Ali Machine Tool Company and Dawood Group textiles confirm participation for the International Trade & Industry Fair - ITIF Asia 2004 scheduled for January 26-28, 2004 at Karachi E
Published 17 Jan, 2004 12:00am
Increasing unemployment and poverty

Increasing unemployment and poverty

The seventh report of the Mahbubul Haq Human Development Centre on "Human Development in South Asia 2003: the Employment Challenge" came out in Islamabad on Monday, confirming the assertions of many who have been saying that the incidence of unemployment
Published 17 Jan, 2004 12:00am
LAHORE CULTURAL DIARY: VIPs Visit Cultural Capital of Pakistan

LAHORE CULTURAL DIARY: VIPs Visit Cultural Capital of Pakistan

The visit to Lahore by VIPs, group exhibition of paintings, an exhibition of Bangladeshi artists and a memorial reference for poet Qateel Shafai were the main highlights of cultural activities in Lahore during the week under review.
Published 17 Jan, 2004 12:00am
Maximum health facilities to all promised

Maximum health facilities to all promised

The government has adopted a comprehensive strategy for providing maximum health facilities to all sections of people from the union council level to the backward areas so that the poor people could get benefit near their homes.
Published 17 Jan, 2004 12:00am
The insensitive society and the curse of women killing, child abuse

The insensitive society and the curse of women killing, child abuse

Research and Publication Centre of Madadgar (Link) has collected and published figures of selected categories of crimes that are reflective of brutalities women and children put up with, yield to its perpetration and stoically endure its consequences.
Published 17 Jan, 2004 12:00am
World Bank team studying factors hampering investment

World Bank team studying factors hampering investment

World Bank Foreign Investment Advisory Service Mission Senior Consultant Sheri A Pitigala said here on Friday that the mission would submit its draft report on bottlenecks hindering investment in Pakistan and proposed solutions to these bottlenecks to Wor
Published 17 Jan, 2004 12:00am
CURRENT TOPICS: The hatchet blunted - not buried

CURRENT TOPICS: The hatchet blunted - not buried

In the case of India-Pakistan the tide was late in coming but finally it arrived. Fortunately leaders of the calibre of Vajpayee and Musharraf were available to seize it at the flood and sweep away the flotsam and jetsam of distrust, doubts and suspicions
Published 17 Jan, 2004 12:00am
Pending sales tax refund claims, assurance to Plgmea

Pending sales tax refund claims, assurance to Plgmea

The Collector of Sales Tax Enforcement has said that all pending sales tax refund claims of the members of Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) would be cleared before Eid-ul-Azha.
Published 17 Jan, 2004 12:00am
Creative writing opens many avenues in job markets

Creative writing opens many avenues in job markets

Proficiency in creative writing is becoming a tool for gaining higher positions in the corporate sector. Generally the chief executives of multi-national companies, and some of the local companies of big size who have made their systems of governance rese
Published 17 Jan, 2004 12:00am
Investor's information session on January 19

Investor's information session on January 19

Islamabad Stock Exchange (ISE) would hold an investor's information session here on January 19 to educate the general public on the concept of buying/selling of shares at the stock exchange.
Published 17 Jan, 2004 12:00am
The legendary playwright Agha Hashr

The legendary playwright Agha Hashr

When a cultivated and knowledgeable drama buff thinks of theatre he is immediately reminded of ancient Greece, where drama/theatre used to be a great pastime. The statue of Dionysus, the god of wine, used to be carried through the streets of Athens leadin
Published 17 Jan, 2004 12:00am
Inflows and outflows of water

Inflows and outflows of water

The position of water inflows/outflows at Mangla and Tarbela along with the reservoir levels and the barrages at 6 a.m. on Friday.
Published 17 Jan, 2004 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 17 Jan, 2004 12:00am
Court order sought to declare Tata as lawful FPCCI chief

Court order sought to declare Tata as lawful FPCCI chief

A case has been filed in Sindh High Court by Asghar A. Morawala, member, managing committee, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), seeking declaration that Riaz Ahmed Tata is the lawful President of FPCCI.
Published 17 Jan, 2004 12:00am
The IPR infringement - reasons, control and suggestions

The IPR infringement - reasons, control and suggestions

The Overseas Investors Chamber of Commerce and Industry has estimated that infringement of the intellectual property rights causes Rs 7.5 billion loss to the government revenue and pushes more than 31,194 persons out of jobs annually. Other sectors such a
Published 17 Jan, 2004 12:00am
Role of computers in present day life

Role of computers in present day life

Computers, internet, e-mails, faxes, scanners - : What are these devices and why are these modern day electronic monsters such rapidly spreading like a worm influencing our lives and taking over our minds? Well this is a question that makes us ponder over
Published 17 Jan, 2004 12:00am
Gwadar port Phase II work to start soon with Chinese help

Gwadar port Phase II work to start soon with Chinese help

"China is extending co-operation to Pakistan government in various mega projects including Gwadar deep-sea port, Phase-I of which has successfully been completed and the work of Phase-II would start soon. Commendable quality work is being done, both by Ch
Published 17 Jan, 2004 12:00am
SPORTS WORLD: Pakistan's woeful stumble in NZ

SPORTS WORLD: Pakistan's woeful stumble in NZ

Any hope of Pakistan measuring strength with India on equal terms in the upcoming series evaporated when their batsmen gave an insipid and inane performance and capitulated to the New Zealand outfit at Napier by eight wickets to hand over the series to th
Published 17 Jan, 2004 12:00am
MoST launches Rs 27 million study project

MoST launches Rs 27 million study project

The Ministry of Science and Technology (MoST) launched a project worth Rs 27 million here on Friday for 'Impact Assessment of Sewerage and Industrial Effluents on Human Health, Water Resources and Agricultural Productivity'.
Published 17 Jan, 2004 12:00am
SPORTS WORLD: Kiwis avenge 5-0 clean sweep in style

SPORTS WORLD: Kiwis avenge 5-0 clean sweep in style

New Zealand have put an end to the winning spree of Pakistan in the One-day Internationals (ODI) when they made short work of the visitors for a paltry 126 in the fourth one-dayer, winning the series 3-1 at Napier on Wednesday. They made easefully reached
Published 17 Jan, 2004 12:00am
PSMA team may meet Shaukat on January 17

PSMA team may meet Shaukat on January 17

A Pakistan Sugar Mills Association (PSMA) delegation is likely to meet Finance Minister Shaukat Aziz in Islamabad on Saturday (January 17) to apprise him of the serious situation the sugar industry is passing through.
Published 17 Jan, 2004 12:00am
TELEVIEWER: The art of interviewing

TELEVIEWER: The art of interviewing

The 12th Saarc Summit dominated the telecasts of all TV channels from the public as well as private sectors in Pakistan last week, which provided extensive coverage to the historic (January 4-6) international moot that took place at Islamabad.
Published 17 Jan, 2004 12:00am
NJLI Pen Fund Rates

NJLI Pen Fund Rates

New Jubile Life Insurance Pension Fund Rates on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
President addresses parliament on January 17

President addresses parliament on January 17

The National Assembly Secretariat has finalised all arrangements for the Presidential address to the joint session of the Parliament scheduled to be held on Saturday at Parliament House at 11 am.
Published 17 Jan, 2004 12:00am
FOB Gulf corn and soyabean lower

FOB Gulf corn and soyabean lower

US FOB corn and soyabean basis offers were mostly lower on Thursday as ample supplies in the pipeline continued to pressure the market, dealers said.
Published 17 Jan, 2004 12:00am
President addresses parliament on January 17

President addresses parliament on January 17

The National Assembly Secretariat has finalised all arrangements for the Presidential address to the joint session of the Parliament scheduled to be held on Saturday at Parliament House at 11 am.
Published 17 Jan, 2004 12:00am
Soaring South African maize to hit staple diet

Soaring South African maize to hit staple diet

The price of maize meal - the staple food for most South Africans - could surge by as much as 20 percent as millers pass on rapidly rising raw maize costs, millers said on Friday.
Published 17 Jan, 2004 12:00am
Cable & Wireless to cut 1,000 UK jobs

Cable & Wireless to cut 1,000 UK jobs

British telecoms company Cable & Wireless Plc is considering cutting as many as 1,000 more jobs in its core UK market and selling its Japanese unit, London's Daily Telegraph newspaper reported on Friday.
Published 17 Jan, 2004 12:00am
Morocco seen tendering soon for soft wheat

Morocco seen tendering soon for soft wheat

Morocco's state cereals authority ONICL is expected to tender for soft wheat soon in order to confront dwindling stocks and rising prices on the international market, trade and industry sources said on Friday.
Published 17 Jan, 2004 12:00am
Parmalat auditor grilled on fate of lost billions

Parmalat auditor grilled on fate of lost billions

Italian investigators on the trail of billions of euros missing from the accounts of Parmalat questioned an internal auditor of the insolvent food group on Friday about the whereabouts of the money.
Published 17 Jan, 2004 12:00am
Azerbaijan produces 18,612 tonnes aluminium

Azerbaijan produces 18,612 tonnes aluminium

Azerbaijan produced 18,612 tonnes of aluminium in 2003 following the re-start of its sole aluminium smelter, Sumgait, after a long period of idleness, Azeraluminium group said on Friday.
Published 17 Jan, 2004 12:00am
Bahrain banks hold back on Arab investment

Bahrain banks hold back on Arab investment

Investment banks in Bahrain, the Gulf's banking hub, are slowly putting money into projects in the Arab world, but political and other obstacles are still holding many back, Bahraini bankers say.
Published 17 Jan, 2004 12:00am
US exporters sell corn

US exporters sell corn

Private exporters reported the sale of 110,000 tonnes of corn to unknown destinations for the 2003/04 marketing year, the US Agriculture Department said on Friday.
Published 17 Jan, 2004 12:00am
US net capital inflows totalled $87.6 billion

US net capital inflows totalled $87.6 billion

Foreigners' net purchases of US assets were a surprisingly large $87.6 billion in the month of November, up steeply from a revised $27.8 billion of net inflows in October, US Treasury Department data showed on Friday.
Published 17 Jan, 2004 12:00am
FTO reprimands Income Tax Commissioner

FTO reprimands Income Tax Commissioner

The Federal Tax Ombudsman, Justice Saleem Akhtar, has strongly reprimanded the Regional Commissioner of Income Tax, Lahore, in a complaint against non-payment of refunds dating back to 1993 and subsequent years.
Published 17 Jan, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Jan, 2004 12:00am
World Bank launches $25 million fund for poor

World Bank launches $25 million fund for poor

The World Bank has created a $ 25 million trust fund to support reforms in poor countries that fail to qualify for any other type of financing because they owe the institution money, the bank said on Thursday.
Published 17 Jan, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 17 Jan, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
UNDP to support HRD in Pakistan

UNDP to support HRD in Pakistan

Regional-director of United Nations Development Programme (UNDP) for Asia and Pacific Dr Hafeez Pasha on Friday said UNDP was proud of extending financial support to the National Commission for Human Development (NCHD).
Published 17 Jan, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
UK relaxing visa policy for Pakistanis

UK relaxing visa policy for Pakistanis

Deputy Lord Mayor of Birmingham (London), Mohammed Hussain, has said that since the Labour Party has come into power, the British government is relaxing visa policy for Pakistanis provided the documents submitted are genuine.
Published 17 Jan, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
Tribunal orders fresh polls in NA 236

Tribunal orders fresh polls in NA 236

Justice Amir Hani Muslim of High Court of Sindh heading an Election Tribunal on Friday ordered re-election in NA 236, Sanghar III.
Published 17 Jan, 2004 12:00am
Tribunal orders fresh polls in NA 236

Tribunal orders fresh polls in NA 236

Justice Amir Hani Muslim of High Court of Sindh heading an Election Tribunal on Friday ordered re-election in NA 236, Sanghar III.
Published 17 Jan, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
Prime Minister appreciates POF working

Prime Minister appreciates POF working

Products of Pakistan Ordnance Factories (POF) have achieved international recognition, which is evident from the growing exports of these products to Saudi Arabia, Kuwait, Oman and Sri Lanka.
Published 17 Jan, 2004 12:00am
APHC chairman arrested

APHC chairman arrested

The Indian occupation police on Friday prevented All Parties Hurriyat Conference Chairman Syed Ali Gilani from addressing the Juma payers congregation at Saura, occupied Srinagar and arrested him near Saura at 1 pm.
Published 17 Jan, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
APHC chairman arrested

APHC chairman arrested

The Indian occupation police on Friday prevented All Parties Hurriyat Conference Chairman Syed Ali Gilani from addressing the Juma payers congregation at Saura, occupied Srinagar and arrested him near Saura at 1 pm.
Published 17 Jan, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Company Limited on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
SSGC shares to be sold in mid-February

SSGC shares to be sold in mid-February

Privatisation and Investment Minister Dr Abdul Hafeez Shaikh said that the government will sell shares of Sui Southern Gas Company after Eid holidays to help in completing the transaction in efficient and speedy way.
Published 17 Jan, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
SSGC shares to be sold in mid-February

SSGC shares to be sold in mid-February

Privatisation and Investment Minister Dr Abdul Hafeez Shaikh said that the government will sell shares of Sui Southern Gas Company after Eid holidays to help in completing the transaction in efficient and speedy way.
Published 17 Jan, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 16, 2004).
Published 17 Jan, 2004 12:00am
SSGC shares to be sold in mid-February

SSGC shares to be sold in mid-February

Privatisation and Investment Minister Dr Abdul Hafeez Shaikh said that the government will sell shares of Sui Southern Gas Company after Eid holidays to help in completing the transaction in efficient and speedy way.
Published 17 Jan, 2004 12:00am
NCEL electronic system to be operational by June

NCEL electronic system to be operational by June

National Commodity Exchange Ltd, (NCEL) on Friday has signed an agreement to purchase a complete turnkey solution for electronic trading from Patsystems Plc, UK.
Published 17 Jan, 2004 12:00am
NCEL electronic system to be operational by June

NCEL electronic system to be operational by June

National Commodity Exchange Ltd, (NCEL) on Friday has signed an agreement to purchase a complete turnkey solution for electronic trading from Patsystems Plc, UK.
Published 17 Jan, 2004 12:00am
No SHC directive, claims Aptma CEO

No SHC directive, claims Aptma CEO

The CEO of All Pakistan Textile Mills Association, Mohammad Azam, in a communication to Business Recorder said on Friday that the report in the issue of January 15 had created an impression that direction by the SHC had been given to the Chief Executive O
Published 17 Jan, 2004 12:00am
No SHC directive, claims Aptma CEO

No SHC directive, claims Aptma CEO

The CEO of All Pakistan Textile Mills Association, Mohammad Azam, in a communication to Business Recorder said on Friday that the report in the issue of January 15 had created an impression that direction by the SHC had been given to the Chief Executive O
Published 17 Jan, 2004 12:00am
150,000 tonnes Australian wheat bought

150,000 tonnes Australian wheat bought

The government on Friday accepted the Tradesman International, an Australian firm's offer of $ 224 per tonne C&F Karachi for the import of 150,000 tonnes of wheat to meet domestic needs.
Published 17 Jan, 2004 12:00am