Print - 2004-02-18
Japan and China report fresh bird flu outbreaks

Japan and China report fresh bird flu outbreaks

Japan confirmed a new outbreak of bird flu on Tuesday, thwarting its plans to declare an end to the scourge there, while China confirmed two more outbreaks among poultry in a central province.
Published 18 Feb, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 18 Feb, 2004 12:00am
Need to remove Pak-Iran trade bottlenecks stressed

Need to remove Pak-Iran trade bottlenecks stressed

The Consul-General of Iran, Seyed Musa Husseini on Monday visited Pakistan Chemicals and Dyes Merchants Association (PCDMA) at Jodia Bazaar on the occasion of farewell to Hassan Zarnegar, outgoing Commercial Attache at Iranian Consulate-General by the PCD
Published 18 Feb, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Tuesday (February 17, 2004).
Published 18 Feb, 2004 12:00am
13 more bus companies pre-qualified for UTS

13 more bus companies pre-qualified for UTS

The City District Government of Karachi (CDGK) has awarded pre-qualification letters to 13 more transport companies under the Urban Transport Scheme (UTS).
Published 18 Feb, 2004 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).
Published 18 Feb, 2004 12:00am
Tasman Spirit case: notices issued to 8 respondents

Tasman Spirit case: notices issued to 8 respondents

Justice Zawwar Hussain Jaffery of Sindh High Court (SHC) on Tuesday issued notices to Salvor Mastery Nicholas Papas, Captain Krystinoe Dimitryios, Master of Tasman Spirit and others for February 23.
Published 18 Feb, 2004 12:00am
Sui Southern Gas offer over-subscribed

Sui Southern Gas offer over-subscribed

The subscription amount for 1,000 shares of Sui Southern Gas Company received remarkable response and was more than double as per latest figures received from market sources.
Published 18 Feb, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Tuesday (February 17, 2004).
Published 18 Feb, 2004 12:00am
Sui Southern Gas offer over-subscribed

Sui Southern Gas offer over-subscribed

The subscription amount for 1,000 shares of Sui Southern Gas Company received remarkable response and was more than double as per latest figures received from market sources.
Published 18 Feb, 2004 12:00am
THE RUPEE: sluggish business in currency market

THE RUPEE: sluggish business in currency market

The rupee on Tuesday shed two paisa versus the dollar in the interbank market for buying and selling at Rs 57.33 and Rs 57.35 amid lacklustre trading, respectively.
Published 18 Feb, 2004 12:00am
Health ministry urged to replace Polyclinic with 600-bed hospital

Health ministry urged to replace Polyclinic with 600-bed hospital

The management of the Federal Government Services Hospital (FGSH)-commonly known as Polyclinic, has requested the Ministry of Health to demolish the entire structure of the hospital phase wise for constructing 3-storey building.
Published 18 Feb, 2004 12:00am
THE RUPEE: sluggish business in currency market

THE RUPEE: sluggish business in currency market

The rupee on Tuesday shed two paisa versus the dollar in the interbank market for buying and selling at Rs 57.33 and Rs 57.35 amid lacklustre trading, respectively.
Published 18 Feb, 2004 12:00am
Revenue Board to check wrong-doings of auditors

Revenue Board to check wrong-doings of auditors

The Central Board of Revenue (CBR) is undertaking an independent review and scrutiny of every Sales Tax audit report in order to curb the wrong-doings of the auditors, said the Member (Audit) CBR Syed Perwaiz Amjad.
Published 18 Feb, 2004 12:00am
Paktel to expand mobile connectivity to 100 countries

Paktel to expand mobile connectivity to 100 countries

To expand the mobile connectivity/coverage to 100 countries, Paktel, a leading cellular company, has started installation of Global System Mobile (GSM) equipment in all the major cities for facilitating over two million more subscribers.
Published 18 Feb, 2004 12:00am
Pearl murder suspect and colleague arrested

Pearl murder suspect and colleague arrested

Police have arrested two Islamic militants, including one suspected of involvement in the kidnapping and killing of US reporter Daniel Pearl, an officer said on Tuesday.
Published 18 Feb, 2004 12:00am
Rs 2.554 billion loans disbursed

Rs 2.554 billion loans disbursed

The Punjab Provincial Co-operative Bank Limited (PPCBL) has disbursed loans amounting to 2.554 billion of rupees amongst 123,841 farmers of 15,123 co-operative societies till February 14, 2004.
Published 18 Feb, 2004 12:00am
Piaf welcomes horse show

Piaf welcomes horse show

Pakistan Industrial & Traders Associations Front (Piaf) while welcoming holding of National Horse & Cattle show, has said that the event would promote livestock sector that would help check the shortage of meat.
Published 18 Feb, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 17, 2004).
Published 18 Feb, 2004 12:00am
Laleka's death condoled

Laleka's death condoled

Afaq Tiwana, Chairman, Pakistan Horticulture Export Development Board (PHEDB) has expressed deep sorrow over the sad demise of Federal Minister for Labour Manpower and Overseas Pakistanis Abdul Sattar Laleka.
Published 18 Feb, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (February 17) and rates for Wednesday (February 18, 2004).
Published 18 Feb, 2004 12:00am
India frees eight Pakistani boys

India frees eight Pakistani boys

India handed eight Pakistani youths over to Pakistan on Tuesday after detaining them for about two years for straying over into its territory, a border official said.
Published 18 Feb, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 17, 2004).
Published 18 Feb, 2004 12:00am
Sindh governor meets Punjab chief minister

Sindh governor meets Punjab chief minister

Governor Sindh, Dr Ishratul Ibad met Chief Minister Punjab Chaudhry Pervaiz Ellahi here on Tuesday and exchanged views on political and national issues as well as developmental projects of both the provinces.
Published 18 Feb, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 17, 2004).
Published 18 Feb, 2004 12:00am
Government policies aim at masses' welfare: Punjab governor

Government policies aim at masses' welfare: Punjab governor

Punjab Governor Lieutenant General Khalid Maqbool (Retd) has said that the masses stand with President Pervez Musharraf and present government because they have no interest in opposition's fruitless agitation and movements.
Published 18 Feb, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 17, 2004).
Published 18 Feb, 2004 12:00am
Surge in cases of asthma and influenza

Surge in cases of asthma and influenza

With the advent of spring, there has been sudden surge in the cases of asthma, influenza, allergy, cough, cold, sneezing and other respiratory diseases, and a large number of people are approaching different hospitals and physicians with these complaints.
Published 18 Feb, 2004 12:00am
Rs 13 million allocated for Kalar Kahar Lake

Rs 13 million allocated for Kalar Kahar Lake

Punjab government has allocated Rs 13 million for beautification and preservation of Kalar Kahar Lake and for the facilitation of tourists an information centre would be set in the region. Rs 3 million have also been set for the beautification of Changa M
Published 18 Feb, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT on Tuesday (February 17, 2004)
Published 18 Feb, 2004 12:00am
USAID to initiate communication process with Smeda

USAID to initiate communication process with Smeda

United States Agency for International Development (USAID) has agreed to initiate a persisting communication process with the Small and Medium Enterprise Development Authority (Smeda) to explore the areas of mutual co-operation in the SME sector.
Published 18 Feb, 2004 12:00am
MACPAC Films holds presentation for LSE

MACPAC Films holds presentation for LSE

MACPAC Films Limited, along with its financial advisors AMZ Securities (Private) Limited and Liaquat Zaman Chartered Accountants, conducted a presentation on the company's upcoming initial public offering (IPO) at the Lahore Stock Exchange (LSE) on Monday
Published 18 Feb, 2004 12:00am
DCOs directed to ensure supply of low cost atta to poor

DCOs directed to ensure supply of low cost atta to poor

Punjab Chief Minister Chaudhry Pervaiz Elahi has directed all DCOs to display best performance to ensure complete implementation of low price atta scheme and warned that strict action would be taken against defaulting DCOs.
Published 18 Feb, 2004 12:00am
Peshawar exporters paid Rs 462 million refunds

Peshawar exporters paid Rs 462 million refunds

The Collectorate of Sales Tax, Peshawar has paid Rs 462 million during last seven months in head of refunds to the exporters. The cause behind delay in the refund matters occurs due to deficiency in the required documents.
Published 18 Feb, 2004 12:00am
The Weather

The Weather

The weather report of Tuesday (February 17) and the forecast for Wednesday (February 18, 2004).
Published 18 Feb, 2004 12:00am
Promotion of education top priority: minister

Promotion of education top priority: minister

Federal Minister for Information and Broadcasting Sheikh Rashid Ahmed on Tuesday said promotion of education in Rawalpindi city will remain his top priority.
Published 18 Feb, 2004 12:00am
Korean team visits PMDC

Korean team visits PMDC

A Korean delegation headed by Director Asia Division, Hawag Kyu-ho, Ministry of Commerce Industry and Energy, on Tuesday visited Pakistan Mineral Development Corporation (PMDC) and discussed various projects of common interest in the mineral sector.
Published 18 Feb, 2004 12:00am
No evidence of bird flu virus in NWFP: minister

No evidence of bird flu virus in NWFP: minister

The NWFP Minister for Health Inayatullah has rejected rumours about the prevalence of bird flu virus in the province, saying there was no evidence of alien influenza in the province.
Published 18 Feb, 2004 12:00am
Task force on SME to meet next month

Task force on SME to meet next month

The recently constituted task force for Small and Medium Enterprise (SME) Development Policy will meet in the provincial capital during the first week of March with Federal Secretary Industries, Javed Ashraf Hussain in the chair.
Published 18 Feb, 2004 12:00am
Sindh governor lauds Naval welfare services

Sindh governor lauds Naval welfare services

Sindh Governor Dr Ishratul Ibad Khan has appreciated the Naval services towards welfare activities for people of Sindh, specially in the health and education sectors.
Published 18 Feb, 2004 12:00am
Parc chief stresses experts-growers co-ordination

Parc chief stresses experts-growers co-ordination

Chairman, Pakistan Agricultural Research Council, Dr Badaruddin Soomro has said that agricultural sector of the country can be upgraded and modernised only by enhanced research based on experiences and requirements of growers instead of isolated work by s
Published 18 Feb, 2004 12:00am
2,500 kgs charas recovered

2,500 kgs charas recovered

Police have recovered 2,500 kilograms pure charas worth Rs 250 million in country's market and $4.38 million in the international markets.
Published 18 Feb, 2004 12:00am
Government striving to provide low-cost energy to industry

Government striving to provide low-cost energy to industry

Government is striving to provide low-cost energy to industry to make it competitive in international market using all available resources of hydel, gas and coal, said Chairman Senate Mohammadmian Soomro.
Published 18 Feb, 2004 12:00am
AIDS Fund to provide $10.5 million to Pakistan

AIDS Fund to provide $10.5 million to Pakistan

The Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM) has approved a grant of 10.5 million dollars to bridge gaps in the national plans of action for the prevention and treatment of AIDS, tuberculosis and malaria in Pakistan.
Published 18 Feb, 2004 12:00am
Security plan for Muharram shortly

Security plan for Muharram shortly

Peace and tranquillity will be maintained during Muharram at every cost, interior ministry source said on Tuesday.
Published 18 Feb, 2004 12:00am
Friendly hockey match

Friendly hockey match

A friendly hockey match was played between Union Bank XI and Saudi Pak XI here at National Hockey Stadium, says a press release issued here on Tuesday.
Published 18 Feb, 2004 12:00am
Steps to strengthen capital market envisaged

Steps to strengthen capital market envisaged

Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan, has said that in 2004 the Commission wants to develop the corporate debt market, strengthen professional support services to the corporate sector and facilitate the integration of
Published 18 Feb, 2004 12:00am
SECP settles 91 percent investor complaints in 2003

SECP settles 91 percent investor complaints in 2003

The Securities and Exchange Commission of Pakistan (SECP) from its Vigilance Cell (VC) window has settled over 91 percent investors' complaints, helping revive confidence.
Published 18 Feb, 2004 12:00am
Notices to be issued to income tax returns non-filers

Notices to be issued to income tax returns non-filers

The Central Board of Revenue (CBR) has decided to issue notices to the non-filers of income tax returns for the tax year 2003 under the Universal Self-Assessment Implementation Plan (USAIP), a directive issued to the regional commissioners of income tax (
Published 18 Feb, 2004 12:00am
Water treatment plant: CDA distorts facts in presentation to NAB

Water treatment plant: CDA distorts facts in presentation to NAB

The Capital Development Authority (CDA) has distorted facts in its presentation to the National Accountability Bureau (NAB) on its water treatment plant project worth Rs 1.2 billion to push up irregularities under the rugs.
Published 18 Feb, 2004 12:00am
CNG cylinders price slashed

CNG cylinders price slashed

Faber Industries, SPA Italy, the largest CNG vehicle and cascade storage cylinders supplies in Pakistan, has announced their revised prices in the US dollars instead of Euro currency, in view of escalating value of Euro.
Published 18 Feb, 2004 12:00am
A tough but necessary agenda

A tough but necessary agenda

A World Bank document on "Pakistan Public Expenditure Management: Strategic Issues and Reform Agenda", released on 11th February, though appreciative of the government's efforts so far, covers comprehensively areas which would need to be attended to in th
Published 18 Feb, 2004 12:00am
Investigate western companies' proliferation activities

Investigate western companies' proliferation activities

While Pakistan has been in international focus for a while due to its top scientist's involvement in nuclear proliferation, the government here has moved swiftly to handle the issue effectively, a fact duly recognised by various western governments.
Published 18 Feb, 2004 12:00am
Uncertainties in transfer pricing and global practice-II

Uncertainties in transfer pricing and global practice-II

Rule 22 of the Income Tax Rules, 2002 specifically mentions that commissioner shall also be guided by international standards; case law and guidelines issued by the various tax-related internationally recognised organisations.
Published 18 Feb, 2004 12:00am
Women come out from under the burqa at Kabul bazaar

Women come out from under the burqa at Kabul bazaar

With their all-enveloping blue burqas thrown back from their faces, the three women shoppers laugh as they examine the under garments on sale at a west Kabul boutique, enjoying their first chance to buy such garments from a female sales assistant.
Published 18 Feb, 2004 12:00am
Argentine experiment may help unlock celestial secret

Argentine experiment may help unlock celestial secret

In this desolate corner of Argentina, scientists are using a network of observatory stations spread over an area 10 times the size of Paris to uncover one of the universe's deepest secrets.
Published 18 Feb, 2004 12:00am
New sugar technology

New sugar technology

Javed Malik convener Sugarcane Growers Association of Mamoo Kanjan and his team of consultants and advisors have found a new industrial model to bring together the small growers of sugarcane and new 21st century sugar technology to combine the two forces
Published 18 Feb, 2004 12:00am
Basant festival

Basant festival

What Basant every year gives us all? Many face injuries and some lose their lives. For their families this event brings bad memories and sorrow of losing their loved ones for a baseless event, about which many debates have been conducted and in many areas
Published 18 Feb, 2004 12:00am
Relief efforts for quake victims lauded

Relief efforts for quake victims lauded

The NWFP Minister for Local Government Sardar Mohammad Idrees has appreciated the efforts of the local and federal governments for provision of relief goods for earthquake victims.
Published 18 Feb, 2004 12:00am
Spirit of friendship at Indo-Pak talks quite positive: Kasuri

Spirit of friendship at Indo-Pak talks quite positive: Kasuri

Appreciating the spirit of friendship, reflected at the joint secretary level talks between India and Pakistan, held on Monday in Islamabad, Foreign Minister Khurshid Mehmud Kasuri said the agenda decided upon by the officials would help make it easier fo
Published 18 Feb, 2004 12:00am
Police asked to safeguard human rights

Police asked to safeguard human rights

The Inspector-General of NWFP Police, Muhammad Raffat Pasha has called upon the police jawans to safeguard the human rights and come up to the expectations of the general public.
Published 18 Feb, 2004 12:00am
Bush has forgotten real 9/11 heroes: Kerry

Bush has forgotten real 9/11 heroes: Kerry

Democratic White House front-runner John Kerry on Tuesday accused President George W. Bush of showing up "when the bagpipes are wailing" and then forgetting America's real heroes - fire-fighters, police and other emergency personnel.
Published 18 Feb, 2004 12:00am
Three Iraqi civilians killed

Three Iraqi civilians killed

Three Iraqi civilians were killed Tuesday, one of them a 10-year girl, when a stray US mortar round slammed into the backyard of a home near the main US base here, a US soldier said.
Published 18 Feb, 2004 12:00am
One killed as Iranian plane crashes

One killed as Iranian plane crashes

A light aircraft used by a candidate to distribute campaign leaflets ahead of Friday's parliamentary elections crashed in northern Iran on Tuesday, killing the pilot, the state news agency IRNA reported.
Published 18 Feb, 2004 12:00am
Qorie denies planning resignation

Qorie denies planning resignation

Palestinian Prime Minister Ahmed Qorie denied on Tuesday he was thinking about resigning in the wake of what officials called a heated argument with President Yasser Arafat over reforms.
Published 18 Feb, 2004 12:00am
Morgan Stanley to advise on Bulgaria tobacco sale

Morgan Stanley to advise on Bulgaria tobacco sale

The Bulgarian government has selected Morgan Stanley to advise it on the planned piecemeal sale of factories within state tobacco monopoly Bulgartabak, the Economy Ministry said on Tuesday.
Published 18 Feb, 2004 12:00am
DSM cuts about 500 jobs at Dutch production site

DSM cuts about 500 jobs at Dutch production site

Dutch chemicals group DSM NV said on Tuesday it would cut about 500 jobs at its Chemelot site near the town of Geleen as part of an earlier announced reorganisation of operations in the Netherlands.
Published 18 Feb, 2004 12:00am
Hong Kong expects Chinese welfare fund to invest overseas

Hong Kong expects Chinese welfare fund to invest overseas

China is expected to allow its social security fund, which manages more than $14 billion, to invest in overseas financial markets, with Hong Kong the priority destination, a top Hong Kong government official said on Tuesday.
Published 18 Feb, 2004 12:00am
Hong Kong expects Chinese welfare fund to invest overseas

Hong Kong expects Chinese welfare fund to invest overseas

China is expected to allow its social security fund, which manages more than $14 billion, to invest in overseas financial markets, with Hong Kong the priority destination, a top Hong Kong government official said on Tuesday.
Published 18 Feb, 2004 12:00am
UK inflation up in January

UK inflation up in January

Britain's annual inflation rate crept up last month, as expected, but still remained well below the Bank of England's 2.0 percent target, official figures showed on Tuesday.
Published 18 Feb, 2004 12:00am
Parmalat founder's son and daughter arrested in probe

Parmalat founder's son and daughter arrested in probe

Italian police arrested the son and a daughter of jailed Parmalat founder Calisto Tanzi and six others on Tuesday, as magistrates focused their fraud probe on cash diverted from Parmalat coffers into Tanzi family assets.
Published 18 Feb, 2004 12:00am
Cingular clinches AT&T Wireless for $41 billion

Cingular clinches AT&T Wireless for $41 billion

Cingular Wireless on Tuesday won an auction for smaller rival AT&T Wireless Services Inc with a $41 billion offer that edged out Britain's Vodafone Group Plc and secured its future as the largest wireless carrier in the United States.
Published 18 Feb, 2004 12:00am