News Archives for Print - 2004-05-02

SAB concerned over poor water availability

Executive Committee of Sindh Abadgar Board (SAB) expressed apprehensions over the extremely poor water availability, which might take heavy toll of agriculture production.

Published 02 May, 2004 12:00am

Smeda suggests exemption of 15 percent due tax deposition

Small and Medium Enterprise Development Authority (Smeda) in its budget proposals, submitted to the government, has recommended that SMEs should be exempted from the deposit of 15 percent of the due tax.

Published 02 May, 2004 12:00am

'History reaching into the present in Waziristan'

In the annals of British military colonial history lies an unpromising precedent for the massive manhunt for Osama bin Laden now underway in the rugged border between Pakistan and Afghanistan.

Published 02 May, 2004 12:00am

Indian dairy sector churns foreign money

Since India became the world's largest milk producer in 2001, some local dairies have moved from a basic portfolio of milk powder, pasteurised milk and ghee to sell milk in foreign markets. And foreign players are eager to tap the 750 billion rupee ($17 b

Published 02 May, 2004 12:00am

Finland: impressive economic record

Finland's strength lies in the fact that its economy is one of the most technologically advanced in the world.

Published 02 May, 2004 12:00am

Encroachments

Please refer to a letter published on 28th April 2004 regarding encroachments on Alamgir Road which is quite correct.

Published 02 May, 2004 12:00am

Commuters' pains

What is wrong with the nervous system of the twin cities? Every disorder in our body causes pain, which is instantly registered by our nervous system that makes us run for relief and painkillers.

Published 02 May, 2004 12:00am

Maintenance of trees

After reading several jokes from the government printed in the newspaper, the latest was an announcement that "5000 saplings would be planted in Saddar Town."

Published 02 May, 2004 12:00am

The Islamic school in Britain

In the playground, teenage boys kick around a football, relaxing after lessons in maths, science and Islamic studies. On the walls are pupils' drawings of Mecca, and their poems recounting the deeds of the Holy Prophet Mohammed (SAW).

Published 02 May, 2004 12:00am

Essentials of TRIPs and TRIMs under WTO

TRIMs are regarded by developed countries as obstacles to trade and investment because they cause distortions in the market forces. Developing countries, however, have traditionally regarded them as useful policy tool to promote development objectives and

Published 02 May, 2004 12:00am

Welcome sugar accord

It is, indeed, heartening to learn that at long last the government and the Pakistan Sugar Mills Association (PSMA) have reached an agreement which is likely to bring an end to the mounting bitterness bedevilling the country's sugar economy to the increas

Published 02 May, 2004 12:00am

Chances of Japanese capital inflows

The president of the Japanese Association of Commerce and Industry (JACI) in Pakistan, Hyashi Otani said at a press conference on April 23 that his association strongly favoured fixed capital investment in Pakistan by Japanese industrialists, besides full

Published 02 May, 2004 12:00am

LHC benches for next week

As many as seven division benches and 21 single benches will work at principal seat of the Lahore High Court during the week, commencing from Tuesday, May 4.

Published 02 May, 2004 12:00am

Piaf criticises increase in oil price

Pakistan Industrial and Traders Associations Front (Piaf) has strongly flayed the fresh increase in price of petroleum products and urged the Government to withdraw powers of the advisory committee to raise oil prices and get ratified every decision affec

Published 02 May, 2004 12:00am

Importance of training to garment industry workers stressed

In order to gain maximum benefits from WTO, there is a need to impart training to the garment industry's workforce, as its productivity is not at par with the international standards.

Published 02 May, 2004 12:00am

Oil and gas conference from May 3

Federal Minister for Petroleum and Natural Resources Chaudhry Nouraiz Shakoor Khan will inaugurate a three-day Pakistan's Oil and Gas Conference-2004 being organised by M/S Madiators in collaboration with the local and foreign petroleum companies here on

Published 02 May, 2004 12:00am

Shahbaz not likely to return soon

Shahbaz Sharif is not likely to return in foreseeable future, claimed official sources on Saturday.

Published 02 May, 2004 12:00am

Qasim Zia resents PML-N leader's remarks

Qasim Zia, head of the PPPP Punjab, has criticised the recent statement of Zulfiqar Khosa, President, PML-N, in Multan where his remarks about corruption in party workers being allowed by party head Benazir Bhutto was made.

Published 02 May, 2004 12:00am

Political activity picks up with Jamali's return

With the return of Prime Minister Zafarullah Khan Jamali, political activity in the Federal Capital has dramatically picked up, as politicians from different shades held talks.

Published 02 May, 2004 12:00am

Jamali does not rule out mid-term polls

Prime Minister Mir Zafarullah Khan Jamali on Saturday called on his party chief Shujaat Hussain on the eve of a crucial caucus aimed at seeking unification of various factions of Pakistan Muslim League.

Published 02 May, 2004 12:00am

Women workers take out procession

A large number of women workers from various organisations took out a procession under the aegis of Working Women Organisation (WWO) on the occasion of May Day, to pay tributes to the Chicago martyrs.

Published 02 May, 2004 12:00am

Islamabad vehicle registration system to be computerised

The Islamabad Excise and Taxation Office (ETO) has sent a draft to President Pervez Musharraf, seeking necessary amendments in the Motor Vehicle Ordinance (MVO) 1965 for issuance of computerised registration numbers to vehicles in the Federal Capital,

Published 02 May, 2004 12:00am

Prime Minister extends help for promotion of gem and jewellery sector

Prime Minister Mir Zafarullah Khan Jamali has said that the government would extend all possible assistance required for the promotion of gems and jewellery sector.
Published 02 May, 2004 12:00am

Revenue Board reactivates post of member (exports)

Central Board of Revenue (CBR) Chairman M Abdullah Yusuf has reactivated the post of member, CBR (Exports).
Published 02 May, 2004 12:00am

Indonesia willing to bolster trade ties with Pakistan

The acting Indonesian Consul and Head of Economic Consulate in Karachi, Hikmat Molajawan has said that Indonesia is willing to expand trade ties with Pakistan.
Published 02 May, 2004 12:00am

New power connections as per rules: Lesco

Chief Executive Lahore Electricity Supply Company (Lesco) Muhammad Bashir Zahid has directed all the concerned officials of the company that all new electricity connections must be installed according to the specifications as in rules.
Published 02 May, 2004 12:00am

PPPP observes May Day

Pakistan Peoples Party Parliamentarian (PPPP) labour wing showing unison with labour on May Day took out a procession from railway station to the Punjab Assembly, on Saturday.
Published 02 May, 2004 12:00am

Pakistan makes major inroad into South East Asia for economic co-operation

Pakistan has made "major inroad" into the countries of South East Asian region for economic co-operation, during the nine-day visit of Prime Minister Zafarullah Khan Jamali to Laos, China, Cambodia and Thailand, informed sources said here on Saturday.
Published 02 May, 2004 12:00am

EIBL earns Rs 68 million pre-tax profit

Escorts Investment Bank Limited (EIBL) has posted pre-tax profits of Rs 68 million during the first nine months of the current fiscal year.
Published 02 May, 2004 12:00am

PBC closing Multan HPT

Pakistan Broadcasting Corporation has decided to close down Radio Pakistan's 120-kilowatt high power transmitter (HPT) favouring Kashmir cause, broadcasting news bulletins and entertainment programs from Multan and Hyderabad and to stop their promotion in
Published 02 May, 2004 12:00am

Eight alleged dacoits and police inspector die in encounter

Eight alleged dacoits and an inspector were killed in an encounter between police and criminals in kachcha area near the River Indus in Rajanpur district, some 130 kilometres south of Rajanpur city, police said on Saturday.
Published 02 May, 2004 12:00am

Minister visits Waqf properties

Sindh Minister for Auqaf, Zakat, Ushr, Religious and Minority Affairs, Dr Irfan Gul Magsi has asked the officers of Auqaf Department to ensure timely recovery of the rent of Waqf properties and take strict action against those, who have illegally occupied
Published 02 May, 2004 12:00am

Rs 2 million provided for sanitation and street pavements

Minister for Health, Inayatullah, has said that the success of the development projects is linked with the active participation of the people of the area for which the scheme has been launched.
Published 02 May, 2004 12:00am

President and Prime Minister ask nation to work hard

The President General Pervez Musharraf and Prime Minister Mir Zafarullah Jamali on Saturday in their separate messages have called on the countrymen on the occasion of 'May Day' to work hard for the progress of Pakistan and urged them to follow Islamic in
Published 02 May, 2004 12:00am

Scheme for uplift of labour class shortly

Punjab Minister for Information Technology Abdul Aleem Khan has said that an integrated scheme for socio-economic development of labour community will be launched shortly.
Published 02 May, 2004 12:00am

May Day observed in Multan

May day was observed here on Saturday to pay homage to the martyrs of Chicago who laid down their lives for better working conditions.
Published 02 May, 2004 12:00am

PITAC to be affiliated with degree-awarding institution

Pakistan Industrial Technical Assistance Centre (PITAC) will soon be got affiliated with some degree awarding educational institution of the country.
Published 02 May, 2004 12:00am

Child labour elimination and women uplift top priorities: Nilofer

Elimination of child labour is among the top priorities of the government with major emphasis on providing all necessary support to kids forced into economic activities beyond their capacities.
Published 02 May, 2004 12:00am

Raise in petroleum prices flayed

The former president of Pakistan Muslim League (Q), Mian Muhammad Azhar; former speaker of National Assembly, Syed Fakhr Imam, and PML-N MNA Pervez Malik, flaying the raise in petroleum prices, have termed it government's anti-poor people step and to fulf
Published 02 May, 2004 12:00am

Hot and dry weather forecast

Hot and dry weather was predicted by weather pundits all over Sindh and Balochistan region. According to daily forecast report for Saturday, a low lies over Balochistan and adjoining areas.
Published 02 May, 2004 12:00am

May Day observed on both sides of LoC

Kashmiris living on both sides of the Line of Control in Indian occupied Kashmir and Azad Jammu Kashmir, was observed today (Saturday) to pay tributes to the workers and labourers, who laid down their lives for their rights this day 118 years ago in Chica
Published 02 May, 2004 12:00am

Ties with Pakistan to grow further: Turkish minister

Visiting Turkish Defence Minister, Mehmet Vecdi Gonul on Saturday hoped that relations between Pakistan and Turkey would further grow.
Published 02 May, 2004 12:00am

Assemblies to complete tenure: Sherpao

Federal Minister for Water and Power Aftab Ahmad Khan Sherpao has said that general elections will be held as per schedule and the present assemblies will continue playing role for strengthening democratic in situations.
Published 02 May, 2004 12:00am

Sheikh Umar to be shifted to Hyderabad jail

Sheikh Ahmed Umar Saeed, the condemned prisoner in Daniel Pearl's murder case will be shifted back to Hyderabad Central Prison from Adyala Jail, Rawalpindi, on Tuesday.
Published 02 May, 2004 12:00am

US values Pak support in war against terrorism: National Assembly speaker

The Speaker National Assembly Chaudhry Amir Hussain on Saturday said the United States has appreciated excellent co-operation extended by Pakistan in the war against terrorism.
Published 02 May, 2004 12:00am

Four killed in occupied Kashmir

A woman died in a bomb explosion while three suspected freedom fighters were killed in separate incidents in Indian occupied Kashmir Saturday, three days before the next round of polling for national elections.
Published 02 May, 2004 12:00am

Most of Lahore markets closed

Most of the markets, trade and shopping centres, including Paper Market, Urdu Bazaar, Akbari Mandi, Shahalam Market, Chemical Market, Abid Market, The Mall, Hall Road, McLeod Road, Branderth Road, Azam Cloth Market, and Suha Bazaar, remained closed on Sat
Published 02 May, 2004 12:00am

Courts to stay shut on May 3

The Lahore High Court and all subordinate courts in the province will observe closed holiday on Monday, May 3, on account of Eid Milad-un-Nabi.
Published 02 May, 2004 12:00am

Shortage of staff hampers work on CDGK investment projects

The Enterprise and Investment Promotion (E&IP) department of City District Government Karachi (CDGK) has been experiencing shortage of staff since its creation in 2001.
Published 02 May, 2004 12:00am

Speech declamation contest held

Sheikh Zayed International School, Islamabad held first inter-school speech declamation contest at school campus here on Saturday morning.
Published 02 May, 2004 12:00am

PEL third-quarter profit up

Pak Electron Limited (PEL) has earned Rs 74.263 million after tax profit for the quarter ended March 31, 2004 as compared to Rs 48.014 million for the same period of the previous year.
Published 02 May, 2004 12:00am

Need stressed to make JPBCC more active

"Wholeheartedly endeavours are needed to make the Japan-Pakistan Business Co-operation Committee (JPBCC) of the Japan Chambers of Commerce and Industry (JCCI), which plays an active role in strengthening economic relations and deepening mutual understandi
Published 02 May, 2004 12:00am

UK visa service to fully resume from May 4

British High Commission is fully resuming its visa service in Islamabad from May 4, said British High Commissioner Mark Lyall on Saturday.
Published 02 May, 2004 12:00am

Kasuri to visit US from May 19

Foreign Minister Khurshid Mehmood Kasuri will arrive in the United States on a three-day visit from May 19.
Published 02 May, 2004 12:00am

Islamabad flays immigrants killing in Macedonia

Pakistan on Saturday strongly condemned killing of seven immigrants by Macedonian police two years back in a staged anti-terrorism action.
Published 02 May, 2004 12:00am

Duty-free import of plants: Aptma seeks changes, clarifications on 1998 SRO

The All Pakistan Textile Mills Association (Aptma) has sought changes and clarifications on SRO 554(I) 98 of June 12, 1998.
Published 02 May, 2004 12:00am

13 Indian fishermen held

Pakistan Maritime Security Agency (PMSA) on Saturday apprehended 13 Indian fishermen, violating Pakistan's territorial water boundaries.
Published 02 May, 2004 12:00am

35 killed in Chinese mining disasters

Thirty-five miners were on Saturday reported dead and another 16 missing a day after two coal mine accidents that further reflect appalling work safety standards and a lack of employment rights in China.
Published 02 May, 2004 12:00am

Ogra urged to reject SSGC petition

Muhammad Nisar Shekhani, Chairman, Site Association of Industry (SAI), pleaded before Oil and Gas Regulatory Authority (Ogra) that petition filed by Sui Southern Gas Company (SSGC) for increase in gas tariff must be rejected in toto.
Published 02 May, 2004 12:00am

Soomro calls for visa liberalisation among Saarc states

Senate Chairman Mohammedmian Soomro on Saturday called for visa liberalisation among Saarc countries for increasing interaction and rapid development in member countries.
Published 02 May, 2004 12:00am

Deregulation policy attracting foreign investors: minister

The Minster for Petroleum and Natural Resources, Chaudhry Nauraiz Shakoor on Saturday said that continuity of restructuring and deregulation, especially for the petroleum sector has attracted foreign investors.
Published 02 May, 2004 12:00am

Jamali to open investment conference on May 8

The first ever international conference on 'Investment Opportunities in Balochistan' being organised by Ministry of Privatisation and Board of Investment, in collaboration with the Balochistan government, will be inaugurated by Prime Minister Mir Zafarull
Published 02 May, 2004 12:00am

Wheat transportation issue to be resolved amicably: Durrani

NWFP Chief Minister Akram Khan Durrani has said that the matter of ban on the wheat transportation from Punjab would be resolved amicably.
Published 02 May, 2004 12:00am

FTO rejects reason for delay in refund

The Federal Tax Ombudsman, former Justice Saleem Akhtar, has held that delay in depositing withheld amount by the withholding agent should not be the reason for delay in payment of refund to the taxpayer.
Published 02 May, 2004 12:00am

UK's Patten does not rule out heading EU Commission

British European External Relations Commissioner Chris Patten did not rule out becoming president of the EU executive when asked about a newspaper report on Saturday that he was in the running for the job.
Published 02 May, 2004 12:00am

Osama now only a figurehead for al Qaeda, says US

A former Egyptian doctor-turned-practitioner of Islamic holy war has emerged as the hands-on operational leader of the al Qaeda network, reducing Osama bin Laden to a figurehead role, a top US counterterrorism official said late Friday.
Published 02 May, 2004 12:00am

Iran concerned oil prices face sudden fall

High-flying oil prices could fall suddenly thanks to buoyant reserves filled by more than three million barrels per day of oversupply, Iranian Oil Minister Bijan Zanganeh said on Saturday.
Published 02 May, 2004 12:00am

US reviews whether to keep paying Chalabi

The US government is reviewing whether to keep paying Ahmad Chalabi's political party $340,000 a month for intelligence, a clear sign of how much the former Iraqi exile's star has dimmed in Washington.
Published 02 May, 2004 12:00am

Philippines customs collection beats April target

The Philippines said on Saturday its duties collection exceeded its monthly target by 17.5 percent in April, raising the prospect of the government meeting its mid-year deficit goal.
Published 02 May, 2004 12:00am

IMF to recommend extension of Ecuador repayments

The International Monetary Fund said on Friday it would recommend to its executive board granting Ecuador a one-year extension on repayments of $47.9 million to the fund arising in 2004.
Published 02 May, 2004 12:00am

Chile confident of settling Argentine gas spat

Chile is confident of resolving a dispute over natural gas exports that has soured relations with crisis-hit Argentina, President Ricardo Lagos said on Saturday.
Published 02 May, 2004 12:00am

Labour Day observed

The workers' community in Pakistan, like elsewhere in the world, also staged rallies on Saturday to pay homage to the workers of Chicago for their struggle to defend their rights 118 years ago.
Published 02 May, 2004 12:00am

Pakistan assumes UNSC presidency

Pakistan assumed the presidency of the UN Security Council on Saturday for the month of May.
Published 02 May, 2004 12:00am

Europe reunited as 10 nations join family

Europe stood proudly reunited on Saturday almost six decades after it was split in two by the Cold War, as 10 nations in eastern Europe and the Mediterranean took their places in the European Union.
Published 02 May, 2004 12:00am

International fund managers likely to visit Pakistan

The executives of some international fund managers are likely to visit Pakistan shortly to explore the possibility of taking part in the upcoming transactions of privatisation projects in the country.
Published 02 May, 2004 12:00am

AKD Securities appointed Pakistan Steel financial consultant

Pakistan Steel (PS) has appointed Aqeel Karim Dehdi Securities (Pvt) Ltd as its full-time financial consultant.
Published 02 May, 2004 12:00am

Shaukat praised for economic recovery

'Asia Money' has described Pakistan's economy on the road to recovery mainly through untiring efforts of Finance Minister Shaukat Aziz, the choice President Pervez Musharraf made to reform the economy.
Published 02 May, 2004 12:00am

CBR contests Auditor General's report on drawback

The Central Board of Revenue (CBR) has contested the findings of Auditor General's special studies on duty drawback (2001-02 and 2002-03), saying that the observations were based on misconceptions about the tax law.
Published 02 May, 2004 12:00am

SSGC sales amount to Rs 34.779 billion in nine months

The Sui Southern Gas Company (SSGC) has significantly increased its sale and earned profit more than expectations in the nine months of the current fiscal year while it achieved a record transmission of over one billion cubic feet of gas per day.
Published 02 May, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 28	277.93
USD PKR Interbank Buying / Nov 28	278.13
USD to Japanese Yen / Nov 28	151.53
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.27
Euro to USD / Nov 28	1.05

Stock	Volume
S&P 500 / Nov 27	5,998.74
Nasdaq / Nov 27	19,060.48
Dow Jones / Nov 27	44,722.06
India Sensex / Nov 28	79,455.91
Tokyo Nikkei / Nov 28	38,303.45
Hang Seng / Nov 28	19,368.83
FTSE 100 / Nov 28	8,289.96
Germany DAX 30 / Nov 28	19,381.32

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17,685
Gold 10 Grams PKR / Nov 27	236,540
Crude Oil USD/Barrel / Nov 28	68.72
Gold Spot USD/Ounce / Nov 28	2,635.70
Cotton US¢/pound / Nov 28	71.75
Petrol/Litre / Nov 29	248.38

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▼ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▼ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▲ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▲ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	179,225,089 ▲ 0.00
K-Electric Ltd. / Nov 29 K-Electric Limited(KEL)	64,868,271 ▲ 0.00
Bank Makramah / Nov 29 Bank Makramah Limited(BML)	60,297,878 ▲ 0.00
Pace (Pak) Ltd. / Nov 29 Pace (Pakistan) Limited(PACE)	55,350,909 ▲ 0.00
Hascol Petrol / Nov 29 Hascol Petroleum Limited(HASCOL)	42,730,290 ▲ 0.00
Fauji Foods Ltd / Nov 29 Fauji Foods Limited(FFL)	38,903,524 ▲ 0.00
Sui South Gas / Nov 29 Sui Southern Gas Company Limited(SSGC)	36,014,321 ▲ 0.00
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	33,477,996 ▲ 0.00
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	31,208,624 ▲ 0.00

Most Popular