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Print - 2004-03-01
Majlis-i-Amal meeting on March 5

Majlis-i-Amal meeting on March 5

Qazi Hussain Ahmed, acting Chairman of the Muttahida Majlis-i-Amal (MMA), has convened a meeting of heads of the component parties at Islamabad on March 5.
Published 01 Mar, 2004 12:00am
MMA complains against Senate Secretariat

MMA complains against Senate Secretariat

The Democratic Alliance and the Muttahida Majlis-i-Amal on Sunday protested against what they dubbed 'killing' of adjournment motions and questions by the Senate Secretariat.
Published 01 Mar, 2004 12:00am
Fuji Printpak exhibition in March next year

Fuji Printpak exhibition in March next year

Fuji Film in collaboration with Pakistan Association of Printing & Graphic Arts Industry (PAPGAI) will hold a three-day exhibition, "Printpak 2004" in the city from March 5, 2005. Punjab Governor Lieutenant-General (Retd) Khalid Maqbool will inaugurate th
Published 01 Mar, 2004 12:00am
All segments of society working for peace: chief minister

All segments of society working for peace: chief minister

All the segments of society including religious scholars are fully co-operating in Muharram. This was stated by Chief Minister of Punjab Chaudhry Pervaiz Elahi while visiting Rs 280 million FCC Underpass, on Sunday.
Published 01 Mar, 2004 12:00am
FC College underpass work in full swing

FC College underpass work in full swing

The Provincial Minister for Communication and Works Chaudhry Zaheer-u-Din has expressed satisfaction over the pace of work of FC College underpass and said that the project would be completed within stipulated time.
Published 01 Mar, 2004 12:00am
Modest changes seen on commodity market

Modest changes seen on commodity market

Several commodities proved vulnerable to changes more than once as they fluctuated modestly during the week ended on February 28, as rice, guwar, juwar, gram and varieties and Til were pushed up or pulled down according to the demand.
Published 01 Mar, 2004 12:00am
Punjab chief minister takes serious notice of attack on Imambargah

Punjab chief minister takes serious notice of attack on Imambargah

Punjab Chief Minister Chaudhry Pervaiz Elahi has taken serious notice of suicide bombing at "Imambargah" in Rawalpindi on Saturday and urged the law enforcing agencies to make stringent measures to protect lives and honour of the citizen.
Published 01 Mar, 2004 12:00am
Wapda consumers may get cost reduction benefit

Wapda consumers may get cost reduction benefit

Water and Power Minister Aftab Ahmad Khan Sherpao has said all thermal units of Wapda has been converted into gas which has reduced its cost of power production.
Published 01 Mar, 2004 12:00am
'Above 60 years OPF college staff to be retired'

'Above 60 years OPF college staff to be retired'

All staffers of OPF Girls College over 60 years of age will be retired within due course of time, said a press release issued by the Overseas Pakistanis Foundation here on Sunday.
Published 01 Mar, 2004 12:00am
Punjab to amend Co-operatives Act to protect investment

Punjab to amend Co-operatives Act to protect investment

Punjab government will present a draft bill envisaging amendments in the Co-operatives Act, 1925 ensuring the protection of the investor's money, in the Punjab Assembly soon, it was learnt here on Sunday.
Published 01 Mar, 2004 12:00am
Administrative steps taken for UAF improvement

Administrative steps taken for UAF improvement

Professor Dr Bashir Ahmed vice chancellor University of Agriculture Faisalabad (UAF) has made transfers and taken necessary administrative adjustments to ensure the smooth functioning of the university.
Published 01 Mar, 2004 12:00am
Growers urged to adopt modern techniques

Growers urged to adopt modern techniques

Growers can maximise their economic benefits by adopting modern farming techniques, said Punjab Food Minister Chaudhry Iqbal here on Sunday.
Published 01 Mar, 2004 12:00am
Automobiles in 18 districts of Punjab to get VIN

Automobiles in 18 districts of Punjab to get VIN

Automobiles in 18 districts of Punjab would be allotted Vehicle Identification Number (VIN) and the number plates carrying a chip to help police identify the owners.
Published 01 Mar, 2004 12:00am
KBCA razes illegal buildings

KBCA razes illegal buildings

The Karachi Building Control Authority's (KBCA) demolition squad launched a campaign against unauthorised structures and buildings in Gulshan-e-Iqbal Town and Jamshed Town.
Published 01 Mar, 2004 12:00am
HEC to upgrade facilities at IBA

HEC to upgrade facilities at IBA

The Higher Education Commission (HEC) has approved a project of upgrading facilities at Institute of Business Administration (IBA), Karachi with a cost of Rs 30.00 million.
Published 01 Mar, 2004 12:00am
Modernisation of teaching methods stressed

Modernisation of teaching methods stressed

University of Agriculture vice-chancellor Dr Bashir Ahmad has stressed the need to modernise the curriculum, teaching methods and research system according to present day needs.
Published 01 Mar, 2004 12:00am
China agrees to help set up drugs university

China agrees to help set up drugs university

China has agreed to help Pakistan establish University of Excellence in the sector of traditional medicines and strengthening herbal industry in the country.
Published 01 Mar, 2004 12:00am
PPF to hold seminar on women share in media

PPF to hold seminar on women share in media

Pakistan Press Foundation (PPF) is organising a seminar for journalists titled the "The media are not truly free unless women share an equal voice" on March 4, in connection with the International Women's Day (IWD).
Published 01 Mar, 2004 12:00am
PSC holds meeting on cotton varieties

PSC holds meeting on cotton varieties

The Punjab Seed Council subcommittee of experts held a meeting at the Ayub Agricultural Research Institute here on Saturday.
Published 01 Mar, 2004 12:00am
Prospects of hedge trading in cotton

Prospects of hedge trading in cotton

The Federal Minister for Food, Agriculture and Livestock, Sardar Yar Mohammad Rind, during his visit to the Karachi Cotton Association on February 23, referred to the possibility of reopening hedge trading in raw cotton and disclosed that the committee, c
Published 01 Mar, 2004 12:00am
ECC decisions

ECC decisions

At its meeting last Tuesday, the Economic Co-ordination Committee of the Cabinet (ECC) approved a number of important policy measures aimed at accelerating the pace of investment activity, besides improving the performance of various sectors in the econom
Published 01 Mar, 2004 12:00am
Sales tax laws: technical and other lacunae

Sales tax laws: technical and other lacunae

Sales Tax was a provincial subject at the time of partition. It was being administered in the provinces of Punjab and Sindh as a provincial levy.
Published 01 Mar, 2004 12:00am
Winds of change may blow auto industry off track

Winds of change may blow auto industry off track

The fiscal year 2002-03 proved to be a good year for the Pakistani automobile industry and its allied industries. Between them, the five local assemblers produced a total of approximately 75,500 units, compared to just over 47,000 units produced in the pr
Published 01 Mar, 2004 12:00am
US expert downplays Africa's AIDS statistics row

US expert downplays Africa's AIDS statistics row

AIDS has Africa in its grip, but just how tightly? The exact answer varies according to which survey you consult - a fact of supreme concern to experts and governments fighting the pandemic on the world's poorest continent.
Published 01 Mar, 2004 12:00am
City Nazim's record

City Nazim's record

This refers to various letters published in your esteemed daily, criticising the performance of City District Government Karachi, quite often.
Published 01 Mar, 2004 12:00am
Atrocities by policemen

Atrocities by policemen

Sassi was raped in Karachi along with her younger sister by none but the policemen. Three culprits have been arrested.
Published 01 Mar, 2004 12:00am
Retailers tap Indian consumer appetite

Retailers tap Indian consumer appetite

Where once small, local grocery stores served Bombay consumers, the skyline now glitters with modern shopping malls and sprawling hyper-markets catering to an increasingly affluent middle class.
Published 01 Mar, 2004 12:00am
20 injured in occupied Kashmir

20 injured in occupied Kashmir

More than 20 people were injured when police in occupied Kashmir used teargas and batons to break up two Muslim processions and detained over 100 people, police and witnesses said on Sunday.
Published 01 Mar, 2004 12:00am
20 injured in occupied Kashmir

20 injured in occupied Kashmir

More than 20 people were injured when police in occupied Kashmir used teargas and batons to break up two Muslim processions and detained over 100 people, police and witnesses said on Sunday.
Published 01 Mar, 2004 12:00am
LSE and ISE membership demand on rise

LSE and ISE membership demand on rise

The recent upsurge in the stock market, mainly spurred by listing of new companies and Initial Public Offerings (IPOs) and fresh investment in capital market, has given an unprecedented rise to the demand of membership in small bourses ie Lahore Stock Exc
Published 01 Mar, 2004 12:00am
FTO notes murky deal of police and customs in car case

FTO notes murky deal of police and customs in car case

There is no end to murky deals of police and customs to harass and victimise a person on one pretext or the other. But, on the other hand, the police and customs blame an individual of unlawfully keeping a non-duty paid smuggled vehicle whose chassis numb
Published 01 Mar, 2004 12:00am
Rally calls for Islamic government in Indonesia

Rally calls for Islamic government in Indonesia

Some 1,000 members and supporters of Indonesian Muslim group Hizbut Tahrir rallied Sunday at a busy roundabout in front of the British embassy in Jakarta to call for an Islamic government.
Published 01 Mar, 2004 12:00am
Syria rejects US reform project

Syria rejects US reform project

Syria has joined Arab heavyweights Saudi Arabia and Egypt in opposing Washington's plan for political and other reforms in the Middle East, according to an interview published on Sunday.
Published 01 Mar, 2004 12:00am
Estonian soldier dies in Iraq

Estonian soldier dies in Iraq

An Estonian soldier with the US-led coalition in Iraq was shot and fatally wounded in an attack in the Iraqi capital, a US army spokesman said Sunday.
Published 01 Mar, 2004 12:00am
Russia warns of worsening North Korea situation

Russia warns of worsening North Korea situation

Russia's representative at the six-party talks on North Korea's nuclear programme said on Sunday the impasse could aggravate the situation and ultimately lead to military intervention.
Published 01 Mar, 2004 12:00am
Iraqi leaders make final push to complete basic law

Iraqi leaders make final push to complete basic law

Divided by their politics but united in a desire to get the job done, Iraqi leaders battled on Sunday to finish a basic law for Iraq's immediate future, but any official signing was put off until at least mid-week.
Published 01 Mar, 2004 12:00am
Indian polls to be held in stages

Indian polls to be held in stages

Indian voters will go to the polls in national elections to be held in four stages in April and May that are seen as likely to return the ruling Hindu nationalist-led alliance to power.
Published 01 Mar, 2004 12:00am
Jihad vows revenge to Israeli strike

Jihad vows revenge to Israeli strike

A senior Islamic Jihad leader warned Israel on Sunday to expect revenge attacks as thousands attended the funeral of one of the Palestinian group's military chiefs killed in an Israeli air strike.
Published 01 Mar, 2004 12:00am
10 killed in Tajik bus explosion

10 killed in Tajik bus explosion

Ten people died and three were injured in a bus in Tajikistan when the vehicle's home-made liquefied gas tank exploded in the west of the Central Asian state, Tajik police said on Sunday.
Published 01 Mar, 2004 12:00am
Kuwait to allow Iraq crude exports via its ports

Kuwait to allow Iraq crude exports via its ports

Kuwait agreed on Sunday to allow Iraq to export approximately 250,000 barrels per day (bpd) of Iraqi crude through the ports of the Gulf Arab state, Kuwait's Deputy Energy Minister Isa al-Aon said.
Published 01 Mar, 2004 12:00am
Qatar to host Iraq donor meeting in May

Qatar to host Iraq donor meeting in May

Qatar will host a meeting in May of the Iraq donor's committee set up at a conference in the Emirati capital here, Doha's delegate said.
Published 01 Mar, 2004 12:00am
BAE wins contract to supply defence system to Oman

BAE wins contract to supply defence system to Oman

British aerospace and defence giant BAE Systems announced Sunday it has won a contract to supply Advanced Airborne Reconnaissance Systems (AARS) to Oman's Royal Air Force.
Published 01 Mar, 2004 12:00am
Hong Kong economy gains speed in February

Hong Kong economy gains speed in February

Hong Kong's economic recovery accelerated in February on increased new business as employment rose for the first time in three months, the monthly Purchasing Managers' Index (PMI) survey shows.
Published 01 Mar, 2004 12:00am
Iraq's donors to spend $1 billion for 2004: Japanese envoy

Iraq's donors to spend $1 billion for 2004: Japanese envoy

Iraq's donors on Sunday committed one billion dollars to two trust funds to channel money into Iraqi reconstruction projects for 2004, Japan's ambassador to Iraq, Masamitsu Oki, announced here Sunday.
Published 01 Mar, 2004 12:00am
Swiss identify $7 million in frozen Iraqi assets

Swiss identify $7 million in frozen Iraqi assets

Swiss authorities have identified the Iraqi owners of 8-10 million Swiss francs ($6.33-7.92 million) frozen in Swiss bank accounts and are working on the identity of the owners of further millions, a Swiss official said on Sunday.
Published 01 Mar, 2004 12:00am
Sweden sees economy grow stronger

Sweden sees economy grow stronger

A steady strengthening of the Swedish economy has not stopped industry players in the country from shedding a growing number of jobs in a never-ending quest for better margins.
Published 01 Mar, 2004 12:00am
Iranian parliament approves $137 billion budget

Iranian parliament approves $137 billion budget

Iran's outgoing reformist parliament on Sunday approved a 137 billion dollar national budget for 2004-2005, in what was likely to be one of the incumbent assembly's last pieces of legislation before a long line of deputies resign.
Published 01 Mar, 2004 12:00am
'Europe economic recovery not solidified'

'Europe economic recovery not solidified'

European Central Bank executive board member Tommaso Padoa-Schioppa on Sunday said that signs of a budding economic recovery in Europe were still not mature.
Published 01 Mar, 2004 12:00am
US stocks may wander ahead of job news

US stocks may wander ahead of job news

US stocks look set to revolve around their current levels this week, below long-time highs set in late January and mid-February, as the nearly year-long rally shows more signs of floundering.
Published 01 Mar, 2004 12:00am
Hong Kong government to announce bond issue

Hong Kong government to announce bond issue

Hong Kong's finance minister is expected to announce an issue of government bonds in his budget on March 10 to plug a mounting shortfall, a local newspaper said on Sunday.
Published 01 Mar, 2004 12:00am
Hong Kong government to announce bond issue

Hong Kong government to announce bond issue

Hong Kong's finance minister is expected to announce an issue of government bonds in his budget on March 10 to plug a mounting shortfall, a local newspaper said on Sunday.
Published 01 Mar, 2004 12:00am
UK stocks to push to 19-month highs this week

UK stocks to push to 19-month highs this week

Britain's blue chip index will be looking to push to 19-month highs this week, powered by results from the UK's biggest banker HSBC, among a slew of others.
Published 01 Mar, 2004 12:00am
Taiwan shares seen rising to new 41-month high

Taiwan shares seen rising to new 41-month high

Taiwan stocks are set to climb to a new 41 month high this week, led by technology, banks and cyclicals as improving corporate earnings outlook and pre-election optimism outweigh recent weakness on Wall Street.
Published 01 Mar, 2004 12:00am
Eurostocks week ahead: HSBC and euro in focus

Eurostocks week ahead: HSBC and euro in focus

HSBC, the world's second-biggest bank by market value, grabs the spotlight at the tail-end of the European earnings season this week, with the euro and interest rates also in focus.
Published 01 Mar, 2004 12:00am
BoE meeting eyed, back-to-back hike unlikely

BoE meeting eyed, back-to-back hike unlikely

The Bank of England's policy meeting will hog the limelight in the gilt market this week as evidence mounts that more tightening might be needed in the coming months to cool down the steamy economy.
Published 01 Mar, 2004 12:00am
BoE meeting eyed, back-to-back hike unlikely

BoE meeting eyed, back-to-back hike unlikely

The Bank of England's policy meeting will hog the limelight in the gilt market this week as evidence mounts that more tightening might be needed in the coming months to cool down the steamy economy.
Published 01 Mar, 2004 12:00am
Asian currencies fall against US dollar

Asian currencies fall against US dollar

Most regional currencies fell against the US dollar over the week, particularly the Japanese yen. The Australian dollar continued its retreat after recently touching seven-year highs.
Published 01 Mar, 2004 12:00am
Improved economic outlook seen boosting Tokyo stocks

Improved economic outlook seen boosting Tokyo stocks

Japanese stocks are expected to rise this week, with investors seeking retailers and other domestic-demand shares following increasing signs that an economic upturn is finally filtering down to the domestic sector.
Published 01 Mar, 2004 12:00am
Indian shares seen underpinned before ONGC sale

Indian shares seen underpinned before ONGC sale

Indian share prices are expected to be underpinned this week by growing confidence the market can absorb a series of share sales by the government, but some caution remains ahead of the country's biggest ever offering.
Published 01 Mar, 2004 12:00am
Egypt interbank interest rate dips

Egypt interbank interest rate dips

The median overnight interbank rate on Egypt's pound fell to 6-1/4 percent on Sunday from seven percent on Thursday as banks demanded less funds towards the end of a two-week period for working out reserves, bankers said.
Published 01 Mar, 2004 12:00am
Your rupee last Week

Your rupee last Week

Following currency fluctuations took place in foreign exchange rates during the last Week from (February 23 to 28, 2004).
Published 01 Mar, 2004 12:00am
The Weather

The Weather

The weather report of Sunday (February 29) and the forecast for Monday (March 01, 2004).
Published 01 Mar, 2004 12:00am
Aristide flees, Bush orders Marines to Haiti

Aristide flees, Bush orders Marines to Haiti

President Jean Bertrand Aristide fled Haiti on Sunday in the face of an armed revolt and world pressure as the United States ordered Marines to the Caribbean state to help restore order.
Published 01 Mar, 2004 12:00am
Aristide flees, Bush orders Marines to Haiti

Aristide flees, Bush orders Marines to Haiti

President Jean Bertrand Aristide fled Haiti on Sunday in the face of an armed revolt and world pressure as the United States ordered Marines to the Caribbean state to help restore order.
Published 01 Mar, 2004 12:00am
US to deploy troops in Pakistan in quid pro quo deal

US to deploy troops in Pakistan in quid pro quo deal

The United States has struck a deal with Pakistan to allow US troops to hunt for al Qaeda leader Osama bin Laden this spring in an area of Pakistan where he is believed to be operating, the New Yorker magazine reported on Sunday.
Published 01 Mar, 2004 12:00am
US to deploy troops in Pakistan in quid pro quo deal

US to deploy troops in Pakistan in quid pro quo deal

The United States has struck a deal with Pakistan to allow US troops to hunt for al Qaeda leader Osama bin Laden this spring in an area of Pakistan where he is believed to be operating, the New Yorker magazine reported on Sunday.
Published 01 Mar, 2004 12:00am
Tax administration reforms project to be launched

Tax administration reforms project to be launched

The government would launch "Pakistan Tax Administration Reforms Project" to implement tax policy and administration reforms, trade facilitation and market access with the financial assistance of IDA during next financial year 2004-05. This project will b
Published 01 Mar, 2004 12:00am
THE RUPEE: rates slip in money market

THE RUPEE: rates slip in money market

The rupee showed weakness versus the dollar in both the open and the inter-bank markets due to corporate demand for major payments.
Published 01 Mar, 2004 12:00am
THE RUPEE: rates slip in money market

THE RUPEE: rates slip in money market

The rupee showed weakness versus the dollar in both the open and the inter-bank markets due to corporate demand for major payments.
Published 01 Mar, 2004 12:00am
State assets sale fetches Rs 42 billion

State assets sale fetches Rs 42 billion

The Privatisation Commission broken all previous records and fetched Rs 42 billion through the sale of state-assets in the present government included strategic sale of Habib Bank Limited (HBL), and initial public offering of the National Bank of Pakistan
Published 01 Mar, 2004 12:00am
State assets sale fetches Rs 42 billion

State assets sale fetches Rs 42 billion

The Privatisation Commission broken all previous records and fetched Rs 42 billion through the sale of state-assets in the present government included strategic sale of Habib Bank Limited (HBL), and initial public offering of the National Bank of Pakistan
Published 01 Mar, 2004 12:00am
Proposal for Fata vehicles amnesty rejected

Proposal for Fata vehicles amnesty rejected

Hoping that imposition of customs duty on vehicles imported by Afghanistan will stop dumping and subsequent smuggling of cars into Pakistan, the Central Board of Revenue (CBR) has rejected outright a proposal of the Prime Minister Secretariat and the NWFP
Published 01 Mar, 2004 12:00am
Proposal for Fata vehicles amnesty rejected

Proposal for Fata vehicles amnesty rejected

Hoping that imposition of customs duty on vehicles imported by Afghanistan will stop dumping and subsequent smuggling of cars into Pakistan, the Central Board of Revenue (CBR) has rejected outright a proposal of the Prime Minister Secretariat and the NWFP
Published 01 Mar, 2004 12:00am
Corporate earnings avert larger declines on KSE

Corporate earnings avert larger declines on KSE

Healthy earning reports from some of the blue chips and investment stocks helped share market to recover most of the losses during the last week as sentiment slowly and steadily improving following active support from some of the leading financial institu
Published 01 Mar, 2004 12:00am
Corporate earnings avert larger declines on KSE

Corporate earnings avert larger declines on KSE

Healthy earning reports from some of the blue chips and investment stocks helped share market to recover most of the losses during the last week as sentiment slowly and steadily improving following active support from some of the leading financial institu
Published 01 Mar, 2004 12:00am
Carryover charges at 15-week low

Carryover charges at 15-week low

The weighted average carryover charges (CoCs) at Karachi Stock Exchange during the week plunged to a 15-week low, where the effective rate on an annualised basis dived to 6.71 percent.
Published 01 Mar, 2004 12:00am
Carryover charges at 15-week low

Carryover charges at 15-week low

The weighted average carryover charges (CoCs) at Karachi Stock Exchange during the week plunged to a 15-week low, where the effective rate on an annualised basis dived to 6.71 percent.
Published 01 Mar, 2004 12:00am
Prices of POL products raised

Prices of POL products raised

The Oil Companies Advisory Committee (OCAC) raised oil prices in the range of Re0.07 to Re0.33 per liter effective from Monday while high speed diesel (HSD) prices remained unchanged.
Published 01 Mar, 2004 12:00am
Prices of POL products raised

Prices of POL products raised

The Oil Companies Advisory Committee (OCAC) raised oil prices in the range of Re0.07 to Re0.33 per liter effective from Monday while high speed diesel (HSD) prices remained unchanged.
Published 01 Mar, 2004 12:00am
Saudi oil facility reduced to half

Saudi oil facility reduced to half

The Saudi oil facility has been cut to almost half from Rs 20.783 billion to Rs 11.749 billion for July-December 2003 as compared to the same period in 2002.
Published 01 Mar, 2004 12:00am
Saudi oil facility reduced to half

Saudi oil facility reduced to half

The Saudi oil facility has been cut to almost half from Rs 20.783 billion to Rs 11.749 billion for July-December 2003 as compared to the same period in 2002.
Published 01 Mar, 2004 12:00am