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Print - 2004-02-28
Concern voiced over raise in MS billet prices

Concern voiced over raise in MS billet prices

Pakistan Steel Re-rolling Mills Association Chairman Mian Muhammad Arshad, while expressing his deep concern over jump in the prices of mild steel (MS) billets by Pakistan Steel Mills (PSM), has made an appeal to the prime minister and federal minister fo
Published 28 Feb, 2004 12:00am
'Single Member Company will promote cottage industry'

'Single Member Company will promote cottage industry'

Raheel Asghar Ginai, Honorary Secretary, Institute of Cost and Management Accountants of Pakistan (ICMA), has said that Single Member Company will especially promote cottage industry in the country and thus contribute in a big way towards development of n
Published 28 Feb, 2004 12:00am
Presentation on trade policy initiatives

Presentation on trade policy initiatives

Export Promotion Bureau (EPB) will give a presentation to the exporters, associations, trade bodies and Paapam members at the Lahore Chamber of Commerce and Industry on trade policy initiatives on Saturday, February 28.
Published 28 Feb, 2004 12:00am
SGA seeks probe against sugar mills

SGA seeks probe against sugar mills

Sugarcane Growers Association (SGA) has made an appeal to government to initiate probe into the complaints of sugarcane growers regarding under weighing & underpayment charges against all sugar mills in Punjab through National Accountability Bureau (NAB).
Published 28 Feb, 2004 12:00am
LCCI delegation's visit to India welcomed

LCCI delegation's visit to India welcomed

A number of trade bodies have termed ongoing visit of the delegation of the Lahore Chamber of Commerce and Industry (LCCI) to India as a right step in right direction which would help in acquiring knowledge to meet future challenges.
Published 28 Feb, 2004 12:00am
Pakistani engineers' capability underlined

Pakistani engineers' capability underlined

Speakers at a symposium have said that Pakistani engineers are fully capable of handling complicated jobs and prepared to undertake assignments in international markets.
Published 28 Feb, 2004 12:00am
No calling off of tour due to crowd trouble: PCB chief

No calling off of tour due to crowd trouble: PCB chief

Pakistan Cricket Board (PCB) Chairman Shaharyar Khan on Friday dispelled fears that the forthcoming Indian cricket tour could be called off due to minor crowd disturbances such as stone or bottle throwing.
Published 28 Feb, 2004 12:00am
FTO calls for fresh examination of case

FTO calls for fresh examination of case

Federal Tax Ombudsman Saleem Akhtar has turned down the orders of the Income Tax Officer and its endorsement by the Appellate Commissioner of income tax, and called for fresh examination of the case.
Published 28 Feb, 2004 12:00am
Deputy AG to retire on March 9

Deputy AG to retire on March 9

Deputy Attorney General Hafiz S.A. Rehman will retire on March 9, after attaining the age of superannuation.
Published 28 Feb, 2004 12:00am
EPB seminar

EPB seminar

The Export Promotion Bureau is organising a one-day seminar at a local hotel on February 28. The seminar is being held to assess the state of preparedness of the textile sector in Pakistan in face of the changing global environment and the end of quotas o
Published 28 Feb, 2004 12:00am
Saudi-Pak Bank acquires IBM servers

Saudi-Pak Bank acquires IBM servers

Saudi-Pak Commercial Bank has signed an agreement to acquire revolutionary designed and technology-based IBM eServer xSeries (Intel Processor-based Servers) to run their core banking application, debit card system, data warehousing and disaster recovery.
Published 28 Feb, 2004 12:00am
Karachi Chamber to co-operate with BoI for facilities to investors

Karachi Chamber to co-operate with BoI for facilities to investors

Akhlaq Ahmed Malik, Director-General, Board of Investment (BoI), has urged members of Karachi Chamber of Commerce and Industry (KCCI) to come forward for investment, saying that there is a lot of scope in agro-based industry and food stuff sector.
Published 28 Feb, 2004 12:00am
Port Qasim approves reduction in berth fee

Port Qasim approves reduction in berth fee

Under its tariff rationalisation plan, the Board of Directors of Port Qasim Authority (PQA) has approved reduction in berth fee by introducing charging of berth fee on six hourly basis after the first day stay and redrafting of berth fee section to accoun
Published 28 Feb, 2004 12:00am
Nadra issues CRC instead of B form

Nadra issues CRC instead of B form

The National Database and Registration Authority (Nadra) has started registration of children by issuing Child Registration Certificates (CRC) instead of the form "B".
Published 28 Feb, 2004 12:00am
Canadian team asked to build two houses on trial basis

Canadian team asked to build two houses on trial basis

A Canadian team met Syed Raza Ali Gillani Punjab Minister for Housing & Urban Development, and showed its keen interest in the housing sector of the province, apprising the minister about various modern techniques being implemented in the sector in Canada
Published 28 Feb, 2004 12:00am
'US a very important player in Pak-India rapprochement'

'US a very important player in Pak-India rapprochement'

Frank G. Wisner, a co-chairman of an independent task force on South Asia and a former US envoy to New Delhi has said that the United States is a very important player in the Pak-India rapprochement.
Published 28 Feb, 2004 12:00am
Army called out in Multan and five other cities

Army called out in Multan and five other cities

Army called out in Multan for the assistance of civil administration. Similarly, army was called out in different cities of south Punjab, like Khanewal, Bahawalpur, Lodhran, Jhang and Sahiwal.
Published 28 Feb, 2004 12:00am
Bridge Notes: Virtue of action weighs more than inaction

Bridge Notes: Virtue of action weighs more than inaction

The atmosphere in duplicate bridge, whether pairs or team events, in some of the capitals of South Indian states was markedly casual and easy-going without much of tense moments. At times sarcastic remarks punctuated with spirited discussions taking place
Published 28 Feb, 2004 12:00am
EU's online help desk for exporters

EU's online help desk for exporters

European Union (EU) has recently launched an online help desk "Expanding Export Helpdesk Advice for Developing Countries Exporting to EU."
Published 28 Feb, 2004 12:00am
TELEVISION: PPP - desertions and mergers

TELEVISION: PPP - desertions and mergers

Given their biased perceptions of European politics the founding fathers of America did not envision any role for political parties in their future republic. So when they wrote the constitution they tried to secure the workability of the new republic by i
Published 28 Feb, 2004 12:00am
World Women's Day planned

World Women's Day planned

A number of colourful events have been arranged on the eve of World Women's Day in the district by different organisations while "Stop Honour Killing" would be the sole theme of the day to be observed on March 8.
Published 28 Feb, 2004 12:00am
SPORTS WORLD: Olympic qualifier: testing time ahead for green shirters

SPORTS WORLD: Olympic qualifier: testing time ahead for green shirters

The nation wants nothing but a gold in the Athens Olympics, especially in hockey, and the Olympic qualifying rounds, to be played in the Spanish capital of Madrid from March 2 to 13, will be a litmus test for the new combination of senior and junior playe
Published 28 Feb, 2004 12:00am
Government to discourage misuse of diplomatic import facility

Government to discourage misuse of diplomatic import facility

Finance Minister Shaukat Aziz here on Friday said that the government has decided to take measures for discouraging misuse of diplomatic import facility, which is generally availed of for smuggling of luxurious vehicles and other valuable goods.
Published 28 Feb, 2004 12:00am
Sport World: Karachi's questionable exclusion from Test itinerary

Sport World: Karachi's questionable exclusion from Test itinerary

The long-awaited programme for cricket tour of the Indian squad saw the light of the day last week simultaneously from the PCB headquarters in Lahore and Kolkata, where the BCCI Chief Jagmohan Dalmiya is stationed. In fact the whole itinerary was known to
Published 28 Feb, 2004 12:00am
Action against gang demanded

Action against gang demanded

A delegation of the Commerce Ministry Housing Society called on the Chief Commissioner Islamabad Junaid Iqbal on Friday.
Published 28 Feb, 2004 12:00am
LAHORE CULTURAL DIARY: Horse & Cattle Show dominated other activities

LAHORE CULTURAL DIARY: Horse & Cattle Show dominated other activities

The National Horse and Cattle Show dominated the cultural scene in the city. Other activities, which also drew attention of a large number of people, were an exhibition - A Retrospective, Rafe-uz-Zaman- on February 16 and DOORS Sculptors Project on Februa
Published 28 Feb, 2004 12:00am
Dissenting voices and the need to maintain federalism-II

Dissenting voices and the need to maintain federalism-II

Today's Pakistan is faced with problems similar to that prevailed in 1970 and dissenting voices could be heard from different corners of the country. There is greater realization of rights and privileges than was ever before. Issues such as provincial aut
Published 28 Feb, 2004 12:00am
Capital Cultural Scene: Diverse array of activities

Capital Cultural Scene: Diverse array of activities

The week commenced with the overflowing excitement of the Valentine's Day coming over the weekend. There was a lot of hype in the media about the event and has become commercially viable for a number business entities. It has been culturally adopted by th
Published 28 Feb, 2004 12:00am
SAB flays Australian wheat deal

SAB flays Australian wheat deal

President, Sindh Abadgar Board, Abdul Majeed Nizamani, has strongly criticised 0.15 million tons wheat deal with Australia, feared to cost Rs 1.5 billion loss to the country.
Published 28 Feb, 2004 12:00am
A collection of poetry by Jiza-ul-Ehsan Jiza

A collection of poetry by Jiza-ul-Ehsan Jiza

On 17th February, 2004, in hotel Regent Plaza, Karachi, Bazm-e-Takhleeq-Adab, Pakistan, in coordination with Mab, organized the launching ceremony of 'Soch Kinare', a collection of poetry by Jiza-ul-Ehsan Jiza, the only Urdu poetess of Africa, who had com
Published 28 Feb, 2004 12:00am
Basel II to revamp world banking policies: Andrew

Basel II to revamp world banking policies: Andrew

Time has changed. Dramatic banking crises, in developed and emerging markets alike, have drawn attention to the costs and dislocations associated with weak or malfunctioning banking systems.
Published 28 Feb, 2004 12:00am
BOOK REVIEW: Rousseau's Social Contract in Urdu

BOOK REVIEW: Rousseau's Social Contract in Urdu

Of French descent, Jean Jacques Rousseau (1712-1778), the well known litterateur, philosopher and political thinker of the 18th century, whose precepts and thoughts created lasting impact on Western democracy, was born in Geneva, Switzerland, on June 28,
Published 28 Feb, 2004 12:00am
PIA promotion

PIA promotion

PIA has promoted its General Manager, Fleet Planning to the position of Director. GM Fleet Planning Shah Nawaz was promoted as Director Co-ordination, directly reporting to Chairman PIAC.
Published 28 Feb, 2004 12:00am
Some medical boons and banes of modern life

Some medical boons and banes of modern life

Modern life has given us many amazing inventions like the wireless telephone, cinema, radio, TV that have added new dimensions to our entertainment. X-rays, ultra-sound, scanners and life-saving medicines have further given new diagnostic tools. Advances
Published 28 Feb, 2004 12:00am
Prime Minister's assurance to Gwadar residents hailed

Prime Minister's assurance to Gwadar residents hailed

The Balochistan residents in Karachi including youth have very warmly welcomed the assurance given by Prime Minister Mir Zafarullah Jamali that the coastal land in Balochistan along with land in Gwadar will be given free to the local population of Balochi
Published 28 Feb, 2004 12:00am
LITERARY NOTES: Pious wishes amidst poisoned scenario

LITERARY NOTES: Pious wishes amidst poisoned scenario

It was quite refreshing to see that common sense and sanity are getting some allowance in our scheme of things, and the steadily rising curve in the Indo-Pakistan relations has started touching the much-neglected field of literature and culture.
Published 28 Feb, 2004 12:00am
Punjab governor calls on President

Punjab governor calls on President

Governor Punjab Lieutenant General Khalid Maqbool (Retd) on Friday called on President General Pervez Musharraf.
Published 28 Feb, 2004 12:00am
Pakistan......our nation at risk!

Pakistan......our nation at risk!

I sincerely believe, every great nation is born as a result of a continuous and arduous struggle by its people, who sacrificed and devoted their entire lives based on a cause that is just.
Published 28 Feb, 2004 12:00am
Security plan for Ashura reviewed

Security plan for Ashura reviewed

The Inspector General of Police Sindh, Syed Kamal Shah has directed the Capital City Police Officer, Syed Asad Ashraf Malik to ensure that police officers and personnel posted on security duties are well-versed of their responsibilities.
Published 28 Feb, 2004 12:00am
CURRENT TOPICS: Worst case scenario

CURRENT TOPICS: Worst case scenario

9/11 was an apocalyptic event not just for America but also for the world in general Washington's rage and haste for revenge was miscalculated. Instead of restoring peace it has intensified terror, violence and bloodshed as never before. Afghanistan was s
Published 28 Feb, 2004 12:00am
Shaheed-e-Karbala

Shaheed-e-Karbala

The commemoration of the tragedy of Karbala, martyrdom of Hazrat Imam Hussain (AS), each year brings reminders to the responsibilities towards Allah and lessons in complete obedience to Him for the Muslim Ummah. There are lessons in the tragedy about livi
Published 28 Feb, 2004 12:00am
The Weather

The Weather

The weather report of Friday (February 27) and the forecast for Saturday (February 28, 2004).
Published 28 Feb, 2004 12:00am
Judgement reserved

Judgement reserved

The Lahore High Court (LHC) reserved its verdict in several identical petitions filed against Land Based property tax system in the Punjab province.
Published 28 Feb, 2004 12:00am
PCMA opposes curbs on yarn export

PCMA opposes curbs on yarn export

The Pakistan Cloth Merchants Association (PCMA) has said that any restriction on export of yarn will throw Pakistan out of the export market and exports will receive a serious jolt.
Published 28 Feb, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 28 Feb, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Thursday.
Published 28 Feb, 2004 12:00am
LHC returns writ against HBL sale

LHC returns writ against HBL sale

The Lahore High Court (LHC) returned the petition filed against privatisation of Habib Bank Limited (HBL), after raising the objection of locus standi of the petitioner.
Published 28 Feb, 2004 12:00am
Call to streamline pesticides import registration process

Call to streamline pesticides import registration process

Pakistan Crop Protection Association (PCPA), while expressing its grave concern over suspension of process of issuance of registration for the import of pesticides, has asked the government to take immediate steps to restore and streamline the registratio
Published 28 Feb, 2004 12:00am
Inflows and outflows of rivers

Inflows and outflows of rivers

The position of water inflows/outflows at Mangla and Tarbela along with the reservoir levels and the barrages at 6.00 am.
Published 28 Feb, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT on Friday (February 27, 2004)
Published 28 Feb, 2004 12:00am
Qazi asks government to stop Wana operation

Qazi asks government to stop Wana operation

Acting President Muttahida Majlis-i-Amal (MMA) and Amir Jamat-e-Islami (JI), Qazi Hussain Ahmed on Friday demanded of government to refrain from conducting operations in Wana area of Northern Waziristan.
Published 28 Feb, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 27, 2004).
Published 28 Feb, 2004 12:00am
Opposition stages token walkout

Opposition stages token walkout

The opposition parties on Friday staged a token walkout from the Senate against the murder of two minor girls in Gadap town, Karachi, last week.
Published 28 Feb, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (February 27) and rates for Saturday (February 28, 2004).
Published 28 Feb, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

As discussion in the Senate on President Musharraf's address to the Parliament continued on Friday the past of the Pakistani politics, with all its ugliness, dominated the speeches by senators from both the sides of the aisle.
Published 28 Feb, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 27, 2004).
Published 28 Feb, 2004 12:00am
PSMA mulling abrupt mills closure

PSMA mulling abrupt mills closure

The Pakistan Sugar Mills Association (PSMA) is considering abrupt closure of mills in protest against what it called 'devastating situation' which has left the industry in complete disarray.
Published 28 Feb, 2004 12:00am
PSMA mulling abrupt mills closure

PSMA mulling abrupt mills closure

The Pakistan Sugar Mills Association (PSMA) is considering abrupt closure of mills in protest against what it called 'devastating situation' which has left the industry in complete disarray.
Published 28 Feb, 2004 12:00am
THE RUPEE: five paisa fall in interbank rates

THE RUPEE: five paisa fall in interbank rates

The corporate demand kept the rupee under pressure in the interbank market on Friday, which shed five paisa versus the dollar for buying and selling at Rs 57.34 and Rs 57.36, respectively.
Published 28 Feb, 2004 12:00am
ADB approves $700,000 grant for gas study

ADB approves $700,000 grant for gas study

The Asian Development Bank (ADB) has approved a $700,000 technical assistance grant for a study to locate area for construction of natural gas reservoirs in Pakistan in the event of supply disruptions in the planned -Turkmenistan-Afghanistan-Pakistan (TAP
Published 28 Feb, 2004 12:00am
THE RUPEE: five paisa fall in interbank rates

THE RUPEE: five paisa fall in interbank rates

The corporate demand kept the rupee under pressure in the interbank market on Friday, which shed five paisa versus the dollar for buying and selling at Rs 57.34 and Rs 57.36, respectively.
Published 28 Feb, 2004 12:00am
ADB approves $700,000 grant for gas study

ADB approves $700,000 grant for gas study

The Asian Development Bank (ADB) has approved a $700,000 technical assistance grant for a study to locate area for construction of natural gas reservoirs in Pakistan in the event of supply disruptions in the planned -Turkmenistan-Afghanistan-Pakistan (TAP
Published 28 Feb, 2004 12:00am
Textile Spinning: ASIM TEXTILE MILLS LIMITED - Year Ended 30-09-2003

Textile Spinning: ASIM TEXTILE MILLS LIMITED - Year Ended 30-09-2003

The directors stated about the future prospects, although there is inflationary trend in the prices of raw material and fuel and power and pressure on the selling prices of yarn, the management of the company will try its best to improve the performance o
Published 28 Feb, 2004 12:00am
Textile Spinning: ASIM TEXTILE MILLS LIMITED - Year Ended 30-09-2003

Textile Spinning: ASIM TEXTILE MILLS LIMITED - Year Ended 30-09-2003

The directors stated about the future prospects, although there is inflationary trend in the prices of raw material and fuel and power and pressure on the selling prices of yarn, the management of the company will try its best to improve the performance o
Published 28 Feb, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (February 27, 2004).
Published 28 Feb, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 28 Feb, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (February 27, 2004).
Published 28 Feb, 2004 12:00am
Azad Kashmir government's future hangs in balance

Azad Kashmir government's future hangs in balance

The Azad Jammu and Kashmir (AJK) government's future is in balance as another minister and two parliamentary secretaries tendered their resignation to the supreme head of ruling party on Friday.
Published 28 Feb, 2004 12:00am
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