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Print - 2004-04-29
45 percent PSDP allocated for water and power sector uplift: Sherpao

45 percent PSDP allocated for water and power sector uplift: Sherpao

Federal Water and Power Minister Aftab Ahmed Khan Sherpao has said that the government had allocated about 45 percent of the Public Sector Development Programme (PSDP) in the current financial year for the development of water and power sector.
Published 29 Apr, 2004 12:00am
LSE holiday on May 3

LSE holiday on May 3

The office as well as Ultra Trading System of Lahore Stock Exchange (LSE) will remain closed on Monday, May 3 on account of Eid-Milad-un-Nabi (SAW), said a notice issued by LSE management.
Published 29 Apr, 2004 12:00am
LCCI resents professional tax hike

LCCI resents professional tax hike

The Lahore Chamber of Commerce and Industry (LCCI) President, Mian Anjum Nisar, has described increase in professional tax as unjustifiable.
Published 29 Apr, 2004 12:00am
Smeda to work to upgrade PVC pipe industry

Smeda to work to upgrade PVC pipe industry

The Small and Medium Enterprise Development Authority (Smeda) will undertake special measures to upgrade the PVC pipe industry in Pakistan.
Published 29 Apr, 2004 12:00am
Minister visits inter exam centers

Minister visits inter exam centers

Provincial Minister for Education, Mian Imran Masood on Wednesday paid surprise visits to different centers of intermediate examination.
Published 29 Apr, 2004 12:00am
Punjab industrial policy may be announced next month

Punjab industrial policy may be announced next month

Provincial Minister for Industries, Commerce and Investment, Muhammad Ajmal Cheema, has said that all necessary arrangements have been finalised to construct grand industrial zone at Sunder near Lahore and work on this industrial estate would be started i
Published 29 Apr, 2004 12:00am
Bus stands of international standard to be set up in Punjab

Bus stands of international standard to be set up in Punjab

Provincial Minister for Communication and Works, Chaudhry Zaheer-ud-Din Khan has said that bus stands of international standard, having all modern facilities for the passengers, would be constructed throughout the province.
Published 29 Apr, 2004 12:00am
NFC may earn Rs 1.8 billion profit

NFC may earn Rs 1.8 billion profit

National Fertiliser Corporation (NFC) may earn a profit to the tune of Rs 1.8 billion during the current financial year as compared to Rs 1.2 billion of last year.
Published 29 Apr, 2004 12:00am
NFC may earn Rs 1.8 billion profit

NFC may earn Rs 1.8 billion profit

National Fertiliser Corporation (NFC) may earn a profit to the tune of Rs 1.8 billion during the current financial year as compared to Rs 1.2 billion of last year.
Published 29 Apr, 2004 12:00am
Saarc nations urged to enhance intra-regional trade

Saarc nations urged to enhance intra-regional trade

Federal Minister of Industries and Production Liaquat Ali Jatoi has called upon the member states of South Asian Association for Regional Co-operation (Saarc), to evolve a joint strategy to overcome the problem of unemployment by enhancing intra-regional
Published 29 Apr, 2004 12:00am
Adamjee Insurance AGM on April 29

Adamjee Insurance AGM on April 29

Adamjee Insurance will hold an annual general meeting (AGM) on Thursday, to approve the accounts for the year 2002 and 2003 following the approval from the Supreme Court and Securities and Exchange Commission of Pakistan (SECP).
Published 29 Apr, 2004 12:00am
Adamjee Insurance AGM on April 29

Adamjee Insurance AGM on April 29

Adamjee Insurance will hold an annual general meeting (AGM) on Thursday, to approve the accounts for the year 2002 and 2003 following the approval from the Supreme Court and Securities and Exchange Commission of Pakistan (SECP).
Published 29 Apr, 2004 12:00am
EU textile quota and GSP extension beyond 2005 ruled out

EU textile quota and GSP extension beyond 2005 ruled out

There is no chance of re-imposition of the textile quotas beyond January 2005 or extension of Generalised System of Preferences (GSP), which allowed duty-free access to the European Union (EU) markets.
Published 29 Apr, 2004 12:00am
The Weather

The Weather

The weather report on Wednesday (April 28) and the forecast for Thursday (April 29, 2004).
Published 29 Apr, 2004 12:00am
Troops leave for Liberia

Troops leave for Liberia

Donned in blue berets and in camouflaged uniform, the last group of Pakistani Army troops left here to participate in the UN mission in Liberia on Wednesday.
Published 29 Apr, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Tuesday.
Published 29 Apr, 2004 12:00am
ICIB organisers call on Balochistan chief minister

ICIB organisers call on Balochistan chief minister

A delegation including, Balochistan industries secretary Board of Investment director general, LIEDA managing director and E-Commerce Gateway executive director called on Balochistan Chief Minister Jam Muhammad Yousuf in Quetta on Wednesday.
Published 29 Apr, 2004 12:00am
New York cotton

New York cotton

Closing prices of New York cotton in US cents/pound on Tuesday.
Published 29 Apr, 2004 12:00am
Call to follow in Quaid's footsteps

Call to follow in Quaid's footsteps

Freedom Movement worker and former federal minister Mehmood Ali has said the inspiring leadership of Quaid-e-Azam Mohammed Ali Jinnah led to a democratic process, and made coming into being of Pakistan possible.
Published 29 Apr, 2004 12:00am
Key stock market movements at 1700 GMT on April 28

Key stock market movements at 1700 GMT on April 28

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 29 Apr, 2004 12:00am
0.17 million tons sunflower oil output likely

0.17 million tons sunflower oil output likely

R. Shahnawaz Janjua, Consultant, American Soybean Association (ASA), said that the association expects the production of sun seed be around 450,000 tons in Pakistan which means availability of around 170,000 tons sunflower oil this year (January to Decemb
Published 29 Apr, 2004 12:00am
SECP penalises Bela Auto and Pakistan PVC

SECP penalises Bela Auto and Pakistan PVC

The Securities and Exchange Commission of Pakistan (SECP) has penalised Bela Automotives Limited and Pakistan PVC Limited on Wednesday.
Published 29 Apr, 2004 12:00am
PCDMA submits budget proposals to CBR member

PCDMA submits budget proposals to CBR member

During the visit of Shahid Ahmed, Member, Sales Tax, CBR, to Karachi on Tuesday, Abdul Rahim Chughtai, Chairman of Pakistan Chemicals and Dyes Merchants' Association (PCDMA), led a delegation to visit the former at Sales Tax House to present PCDMA budget
Published 29 Apr, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (April 28, 2004)
Published 29 Apr, 2004 12:00am
EPB spurns action on fund request for textile institute

EPB spurns action on fund request for textile institute

The Export Promotion Bureau (EPB) has spurned action on a request by the Towel Manufacturers Association (TMA) for a further financial grant of over Rs 17 million for expansion of the SMA Rizvi Textile Institute in Korangi Industrial Area.
Published 29 Apr, 2004 12:00am
Brigadier Aslam made Jannissar Colonel Commandant

Brigadier Aslam made Jannissar Colonel Commandant

Chairman National Accountability Bureau Lieutenant General Muneer Hafeez, who is also Colonel-Commandant of FF Regiment, said on Wednesday that history of Piffers Regiment is replete with stories of valour, courage and sacrifices.
Published 29 Apr, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
Joint session of parliament after budget: Soomro

Joint session of parliament after budget: Soomro

Chairman Senate Muhammadmian Soomro has ruled out the possibility of any major change in the existing structure of the government, dissolution of assemblies nor Prime Minister is being replaced.
Published 29 Apr, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
Two new cotton varieties developed

Two new cotton varieties developed

Central Cotton Research Institute (CCRI) Multan has developed two new early maturing cotton varieties, which can give yield up to 45 maunds per acre.
Published 29 Apr, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
Intensive farming vital for food security: minister

Intensive farming vital for food security: minister

Federal Minister for Food, Agriculture and Livestock Sardar Yar Mohammad Rind has said intensive farming is necessary for food security and check hunger and malnutrition.
Published 29 Apr, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Wednesday (April 28) and rates for Thursday (April 29, 2004).
Published 29 Apr, 2004 12:00am
Allocation for higher education increased to Rs 5 billion

Allocation for higher education increased to Rs 5 billion

Science and Technology Ministry In-charge, and Higher Education Commission Chairman Dr Atta-ur-Rehman has said the government allocation for the higher education has been increased from Rs 800 million in the last fiscal to Rs 5 billion in the current fina
Published 29 Apr, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, April 29, 2004.
Published 29 Apr, 2004 12:00am
Six die and 26 hurt as bus turns turtle

Six die and 26 hurt as bus turns turtle

Six people, including a woman and two minors were killed, while another 26 injured as a bus carrying a marriage party turned turtle due to opening of tie-rod at Bagh Head near Usta Mohammad on Wednesday, Police said.
Published 29 Apr, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, April 29, 2004.
Published 29 Apr, 2004 12:00am
Lakhra Coal working reviewed

Lakhra Coal working reviewed

The performance of Lakhra Coal Development Company was reviewed in detail on Wednesday at its Board of Directors meeting held under the chairmanship of Sindh Minerals Minister Ali Mohammed Usman Malkani.
Published 29 Apr, 2004 12:00am
NJLI Managed Fund prices

NJLI Managed Fund prices

New Jubilee Life Insurance Company (Formerly Commercial Union Life Assurance Company (Pakistan) Ltd) has announced the offer and bid price per unit for the following funds effective from Thursday, April 29, 2004.
Published 29 Apr, 2004 12:00am
Collective efforts needed to promote literacy

Collective efforts needed to promote literacy

Sindh Excise and Taxation Minister Syed Shakir Ali has called upon private schools to play their due role in the elimination of illiteracy from the country.
Published 29 Apr, 2004 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
Seerat moot

Seerat moot

A conference on Seerat-un-Nabi (PBUH) under auspices of Dar-ul-Irfan will be held at Manara, District Chakwal at 10.00 am on Sunday.
Published 29 Apr, 2004 12:00am
Traffic police told to check accidents

Traffic police told to check accidents

Adviser to Sindh Chief Minister on Home, Aftab Ahmed Sheikh, has taken serious notice of loss of human lives in road accidents in the city and directed the traffic police to take concrete measures to control the situation.
Published 29 Apr, 2004 12:00am
Experts urged to use IT for good governance

Experts urged to use IT for good governance

Software experts should utilise Information Technology (IT) to improve the governmental infrastructure, especially in the provision of the utility services.
Published 29 Apr, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
Bumper crop ensures wheat target

Bumper crop ensures wheat target

Punjab Food secretary, Raja Shahid Hussain claimed that 3.5 million tons wheat procurement target for 2003-04 would easily be achieved due to bumper crop and incentives to the farmers despite free market.
Published 29 Apr, 2004 12:00am
PPPP and PPP (S) to be merged in May: Faisal

PPPP and PPP (S) to be merged in May: Faisal

Interior Minister Makhdoom Syed Faisal Saleh Hayat on Wednesday said the People's Party (Patriots) and the PPP (Sherpao) will be merged in May.
Published 29 Apr, 2004 12:00am
Industrial plots scheme for expatriates launched

Industrial plots scheme for expatriates launched

Federal Communication Minister Babar Ghouri on Tuesday launched here an industrial plot scheme at the Port Qasim Authority for overseas Pakistanis, and urged them to invest their money to begin their small business at home.
Published 29 Apr, 2004 12:00am
Munawwar named as Jamaat secretary general

Munawwar named as Jamaat secretary general

Jamaat-e-Islami Ameer Qazi Hussain Ahmed nominated Syed Munawwar Hassan as the party's Secretary General in a meeting held at Mansoora here on Wednesday.
Published 29 Apr, 2004 12:00am
THE RUPEE: dollar slips in interbank market

THE RUPEE: dollar slips in interbank market

Rising demand for dollars persisted in the interbank market on Wednesday as the rupee shed two paisa for buying and selling at Rs 57.50 and Rs 57.51 respectively, dealers said.
Published 29 Apr, 2004 12:00am
Jatoi hints at PITAC affiliation

Jatoi hints at PITAC affiliation

Federal Minister for Industries and Production, Liaquat Ali Khan Jatoi on Wednesday said that Pakistan Industrial Technical Assistance Centre (PITAC) would soon be affiliated with some degree awarding educational institution of the country.
Published 29 Apr, 2004 12:00am
THE RUPEE: dollar slips in interbank market

THE RUPEE: dollar slips in interbank market

Rising demand for dollars persisted in the interbank market on Wednesday as the rupee shed two paisa for buying and selling at Rs 57.50 and Rs 57.51 respectively, dealers said.
Published 29 Apr, 2004 12:00am
20 injured in accident

20 injured in accident

Collision between a bus and a truck injured twenty passengers here on Super Highway near Jamshoro on Wednesday.
Published 29 Apr, 2004 12:00am
Prime Minister meets Cambodian President

Prime Minister meets Cambodian President

Prime Minister Mir Zafarullah Khan Jamali on Wednesday paid a courtesy call on the acting President of Cambodia, Samdech Chea Sim, and discussed measures to further strengthen the ties between the two countries.
Published 29 Apr, 2004 12:00am
Prime Minister rejects Western perception about Pakistan

Prime Minister rejects Western perception about Pakistan

Prime Minister Mir Zafarullah Khan Jamali firmly rejected western misperception of Pakistan being an extremist society in an interview to 'South China Morning Post' published in Hong Kong on Wednesday.
Published 29 Apr, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
Call for promoting safety measures at workplace

Call for promoting safety measures at workplace

Speakers at different functions held in connection with 'World Day for Safety and Health' observed here on Wednesday like other parts of Asia Pacific, have called for promoting the safety culture at the workplace.
Published 29 Apr, 2004 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).
Published 29 Apr, 2004 12:00am
MoU inked to launch French online distance learning programme

MoU inked to launch French online distance learning programme

The Commission on Science and Technology for Sustainable Development in the South (Comsats), Embassy of France and Alliance Francaise inked a MoU of partnership to launch 'French Online Distance Learning Programme' in Comsats' member countries.
Published 29 Apr, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 29 Apr, 2004 12:00am
Compensation issue of Tasman Spirit's victims discussed

Compensation issue of Tasman Spirit's victims discussed

The representatives of the federal government and Insurance Group P and I Club, met here on Tuesday to discuss the compensation issue for the victims of a Greek oil tanker, which caused massive environment pollution at Karachi Port in September last year.
Published 29 Apr, 2004 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.
Published 29 Apr, 2004 12:00am
Ukrainian company invited to participate in oil and gas exploration

Ukrainian company invited to participate in oil and gas exploration

First Deputy Minister of Fuel and Energy and Chairman Board of Governors of Nastogaz, Ukraine, Viadislov Tchern-yaveo, currently visiting Pakistan, held a meeting with senior officials of the Ministry of Petroleum and Natural Resources, here on Wednesday.
Published 29 Apr, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 29 Apr, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (April 28, 2004).
Published 29 Apr, 2004 12:00am
'Dialogue on Democracy'

'Dialogue on Democracy'

The Lahore University of Management Sciences (Lums) and the Asia Foundation have planned to hold six regional and one National Roundtables on a 'Dialogue on Democracy' to let business leaders and professionals debate on Pakistan's economic, judicial and d
Published 29 Apr, 2004 12:00am
Textile EPZs to be set up

Textile EPZs to be set up

The government has decided to set up textile Export Processing Zones (EPZs) on priority basis to boost the exports of the country.
Published 29 Apr, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 29 Apr, 2004 12:00am
Fresh elections of PCMEA ordered

Fresh elections of PCMEA ordered

Arbitration Tribunal of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has declared election 2003-05 of Pakistan Carpet Manufacturers and Exporters Association (PCMEA) as illegal and invalid.
Published 29 Apr, 2004 12:00am
Saudi Pak paid-up capital rises to Rs 2,250 million

Saudi Pak paid-up capital rises to Rs 2,250 million

Saudi Pak Commercial Bank Limited held its 10th Annual General Meeting (AGM) in Islamabad on April 27, 2004. The shareholders approved the audited accounts for the year ended December 31, 2003.
Published 29 Apr, 2004 12:00am
Saudi Pak paid-up capital rises to Rs 2,250 million

Saudi Pak paid-up capital rises to Rs 2,250 million

Saudi Pak Commercial Bank Limited held its 10th Annual General Meeting (AGM) in Islamabad on April 27, 2004. The shareholders approved the audited accounts for the year ended December 31, 2003.
Published 29 Apr, 2004 12:00am
Memorial meeting

Memorial meeting

Anjuman-e-Yadgar-e-Tipu Sultan will hold a memorial meeting on the 205th death anniversary of Tipu Sultan Shaheed on Sunday.
Published 29 Apr, 2004 12:00am
HP unveils multifunction products

HP unveils multifunction products

HP on Wednesday unveiled an extended portfolio of multi-function products and print solutions enabling small and medium businesses (SMBs) of all sizes to get more from their imaging and printing, helping to position them for continued business growth.
Published 29 Apr, 2004 12:00am
Crushing season ends with 4 million tons sugar output

Crushing season ends with 4 million tons sugar output

The Pakistan Sugar Mills Association (PSMA) on Wednesday announced end of sugarcane crushing season 2003-04, which took sugar production to 4 million tons for the first time in history.
Published 29 Apr, 2004 12:00am
Cellphone licence: Warid makes initial payment to PTA

Cellphone licence: Warid makes initial payment to PTA

The Chairman Pakistan Telecommunication Authority (PTA), Shahzada Alam Malik on Wednesday confirmed that in response to the authority's offer, Warid Telecom has deposited $49 million for mobile phone service license and has agreed to pay the remaining $24
Published 29 Apr, 2004 12:00am
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