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Print - 2004-05-03
Meeting housing demand

Meeting housing demand

The Federal Finance Minister has, according to press reports, suggested to the concerned authorities to plan for a 'Land Bank' in every province.
Published 03 May, 2004 12:00am
World Press Freedom Day on May 3

World Press Freedom Day on May 3

Monday, May 3, is World Press Freedom Day, to remember and stress importance of free press in a free society and time to honour those nations that embrace one of democracy's most essential rights.
Published 03 May, 2004 12:00am
Islamic financial system in banking and insurance

Islamic financial system in banking and insurance

Islamic banking and insurance initially evolved as a form of financial intermediation for the Islamic community to conduct financial transactions that conform to Islamic tenets.
Published 03 May, 2004 12:00am
IBM students' appeal

IBM students' appeal

We, the students of the four-year BBA course of the College of Business Management, Karachi, have been trying for the past two years for our transfer to the BBA (Hons) course.
Published 03 May, 2004 12:00am
Need for a geriatric hospital

Need for a geriatric hospital

The medical problems of the old, who are in majority, require special attention. The absence of geriatrics in our hospitals makes their treatment rather hard.
Published 03 May, 2004 12:00am
In Afghan village, freedom yields to frustration

In Afghan village, freedom yields to frustration

In a dusty vegetable stall in one of Afghanistan's poorest cities, Shamsul Ahmad points to baskets of oranges and onions and says he earns about $1 a day, barely enough to feed his wife and five children.
Published 03 May, 2004 12:00am
Prophet's tribulations while preaching Allah's message

Prophet's tribulations while preaching Allah's message

Oh Lord! to You, alone, do I complain of my helplessness, the paucity of my resources and of my insignificance before mankind. You are the most Merciful of the mercifuls. You are the Lord of the helpless and the weak. If your wrath has not fallen upon me,
Published 03 May, 2004 12:00am
SAARC chambers role to promote SAFTA

SAARC chambers role to promote SAFTA

The SAARC Chamber of Commerce and Industry (SCCI) organised a roundtable conference on 'SAFTA Agenda for Trade Liberalisation' in Lahore on April 28.
Published 03 May, 2004 12:00am
Highway of great expectations

Highway of great expectations

The signing of a UN-brokered agreement by twenty-three Asian governments in Shanghai last Monday, for completion of a massive international highway network, rivalling the ancient Silk Route, sounds like the prospect of a forgotten sweet dream coming true.
Published 03 May, 2004 12:00am
Wheat crisis to be resolved amicably: Qazi

Wheat crisis to be resolved amicably: Qazi

Amir, Jamaat-i-Islami and leader of Muttahidda Majlis-i-Amal (MMA), Qazi Hussain Ahmad on Sunday held out assurance of amicable solution to the crisis arising out of the ban on inter-provincial transportation of wheat by Punjab.
Published 03 May, 2004 12:00am
Sindh chief minister and Elahi discuss wheat issue

Sindh chief minister and Elahi discuss wheat issue

Sindh Chief Minister Sardar Ali Mohammad Mahar on Sunday held a meeting with Punjab Chief Minister Chaudhry Pervaiz Elahi at Prime Minister House, Islamabad and discussed in detail wheat and flour issue.
Published 03 May, 2004 12:00am
Wheat becoming rare in rural areas

Wheat becoming rare in rural areas

Wheat has become a rare commodity in rural areas after harvesting as merchants purchased it at higher rates and sent its truckloads to Karachi and other cities while Inspectors of Food Department were disappointed as they could not buy wheat at the low ra
Published 03 May, 2004 12:00am
Cases filed against 34 tanneries

Cases filed against 34 tanneries

The Punjab Environment and Protection Department has filed cases against 34 tanneries situated in thickly populated areas and are polluting the environment with the Multan special magistrate for legal action, said officials.
Published 03 May, 2004 12:00am
Burney to sue Macedonian government for compensation

Burney to sue Macedonian government for compensation

The human and civil rights organisation Ansar Burney Welfare Trust International has announced plans to sue the Macedonian government for compensation of 12 million dollars on killing of six innocent Pakistanis on fake terrorism charges in Skopje (Macedon
Published 03 May, 2004 12:00am
Karachiites to observe Eid Milad-un-Nabi with enthusiasm

Karachiites to observe Eid Milad-un-Nabi with enthusiasm

Eid Milad-un-Nabi (SAW), birthday of Prophet Mohammad (PBUH), falling on Monday (12th Rabi-ul-Awal), would be celebrated here with religious fervour and zeal as else where in the Muslim world.
Published 03 May, 2004 12:00am
Claim to shed 50,000 Army troops bogus: PPP

Claim to shed 50,000 Army troops bogus: PPP

"The much-trumpeted claim of reducing numerical strength of the Army and rationalising military spending by sending back all combat soldiers working as batmen to their operational duties by the end of this year is bogus, and a sleight of the hand", said P
Published 03 May, 2004 12:00am
Raids started to check wheat hoarding

Raids started to check wheat hoarding

The Sindh Food Department in its desperate attempt to accomplished the procurement target of 0.6 million tonnes has started raids to check inter-district movement and hoarding of wheat, following Punjab Chief Minister's categorical announcement that ban o
Published 03 May, 2004 12:00am
Pakistan to be connected by road to 26 countries

Pakistan to be connected by road to 26 countries

Pakistan has signed an agreement with Asian Road Network for constructing international road network, connecting Pakistan with 26 other countries, Federal Communication Minister Babar Khan Ghouri said here on Sunday.
Published 03 May, 2004 12:00am
PNCC annual convention on May 5

PNCC annual convention on May 5

The two-day annual convention of Punjab NGOs Co-ordination Council (PNCC) will be held on May 5 to 6, at Alhamra Arts Council.
Published 03 May, 2004 12:00am
Strike observed in Jacobabad

Strike observed in Jacobabad

Complete strike was observed in Jacobabad city on Sunday. The strike call was given by the Sindh Tarraqui Pasand Party (STPP).
Published 03 May, 2004 12:00am
LCCI flays raise in POL prices

LCCI flays raise in POL prices

Lahore Chamber of Commerce and Industry (LCCI), rejecting out-rightly yet another increase in POL prices, has urged the government to immediately withdraw it.
Published 03 May, 2004 12:00am
HSBC seminar on present, future of Pakistani financial market

HSBC seminar on present, future of Pakistani financial market

The Treasury and Capital Markets division of HSBC in Pakistan held a seminar on "The Present and Future of the Pakistan Financial Market" for its corporate and private banking customers recently, at the Karachi Sheraton Hotel.
Published 03 May, 2004 12:00am
KSE asks companies to send accounts electronically

KSE asks companies to send accounts electronically

The Karachi Stock Exchange (KSE) has asked all listed companies to transmit their periodical accounts electronically to the stock exchanges, helping their placing on the exchange's website.
Published 03 May, 2004 12:00am
Former senator passes away

Former senator passes away

Former Senator and ex-Chairman of IT Commission, Mazhar Ali died here on Sunday, PTV reports.
Published 03 May, 2004 12:00am
Unisame feted on Wasme membership

Unisame feted on Wasme membership

Abdul Majeed, acting chairman of Large Enterprises Group (LEG), has congratulated Union of Small & Medium Enterprises (Unisame) on its membership of World Association of Small & Medium Enterprises (Wasme) and said that Unisame is doing remarkable job for
Published 03 May, 2004 12:00am
Kati concerned over frequent hike in POL prices

Kati concerned over frequent hike in POL prices

The chairman, Advisory Board of the Korangi Association of Trade and Industry (Kati), Shaikh Manzar Alam, has described the raise in petroleum products as a matter of serious concern for country's economy, and demanded that the system of fortnightly revie
Published 03 May, 2004 12:00am
Sindh government considering to set up consumer courts

Sindh government considering to set up consumer courts

Sindh government is understood to be considering a proposal to establish courts for the protection of rights of consumers of essential items. The Department of Law is preparing a working paper. If the proposal goes through, there will be a legislation.
Published 03 May, 2004 12:00am
Pacra and Nespak to assess real estate developers

Pacra and Nespak to assess real estate developers

The chief executives of Pacra and Nespak on Saturday signed a Memorandum of Understanding signifying their commitment of collaboration for undertaking grading of real estate developers and real estate development projects in Pakistan.
Published 03 May, 2004 12:00am
Bad traffic planning, pollution causing inconvenience to public

Bad traffic planning, pollution causing inconvenience to public

Bad traffic planning, smoke pollution and destruction of environment, especially cutting of trees, and wrongly-built underpasses on various roads, are causing inconvenience to public as well as adversely affecting the quality of citizens' life in the prov
Published 03 May, 2004 12:00am
Removal of UC Nazim demanded

Removal of UC Nazim demanded

Naib Nazim and as many as a dozen councillors of Union Council 21(UC-21) of District Ravi Town said on Sunday that their Nazim Mian Mohammad Attiq had lost the confidence of the house, therefore, he should immediately quit the office.
Published 03 May, 2004 12:00am
World cotton rates paralyse ginners' thinking

World cotton rates paralyse ginners' thinking

The world cotton rates trend paralysed ginners' thinking who stood differently to keep asking prices up that was instantly rejected by the buyers who bought cotton but to meet immediate needs, during the week ended on May 1, 2004.
Published 03 May, 2004 12:00am
Bureaucrats foil Punjab chief minister's wheat procurement strategy

Bureaucrats foil Punjab chief minister's wheat procurement strategy

The bureaucrats, the sole designers of the current unyielding wheat procurement policy, have foiled the Punjab Chief Minister's entire wheat procurement strategy, which created fear of import of big quantity of wheat this year, it is learnt.
Published 03 May, 2004 12:00am
Condolence

Condolence

Prime Minister Mir Zafarullah Khan Jamali has expressed his deep sorrow over the demise of Dr Kazi Ajmal, brother of Kazi Asad Abid, Editor-in-Chief, Daily Ibrat, who died in Washington US.
Published 03 May, 2004 12:00am
Three killed in accident

Three killed in accident

Three persons including a police constable were killed in a collision between commuter bus and trailer on National Highway near Kundyaro.
Published 03 May, 2004 12:00am
Yasin urges Kashmiris to reject sham polls

Yasin urges Kashmiris to reject sham polls

The Chief of Jammu and Kashmir Liberation Front (JKLF) Mohammad Yasin Malik on Sunday observed the people of Kashmir understand the difference between right and wrong.
Published 03 May, 2004 12:00am
Benazir shocked over torture of Iraqi prisoners

Benazir shocked over torture of Iraqi prisoners

Former prime minister and Pakistan People's Party (PPP) Chairperson Benazir Bhutto said she and the PPP were appalled and disgusted over the torture of Iraqi suspects as revealed to the world through disclosures by CBS Television on the torture of Iraqi p
Published 03 May, 2004 12:00am
Eid Milad-un-Nabi being celebrated on May 3

Eid Milad-un-Nabi being celebrated on May 3

All is set to celebrate Eid-e-Milad-un-Nabi (PBUH) with religious fervour in Sialkot, Pasrur and Daska tehsils of Sialkot district on Monday.
Published 03 May, 2004 12:00am
People asked to follow teachings of Holy Prophet (PBUH)

People asked to follow teachings of Holy Prophet (PBUH)

The NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) has urged the people to follow the glorious teachings of the Holy Prophet Hazrat Mohammad (Peace Be Upon Him) to promote the feelings of endurance, forbearance and tolerance in the soc
Published 03 May, 2004 12:00am
Seerat books exhibition

Seerat books exhibition

The Punjab Auqaf department will hold a 4-day seerat books exhibition in collaboration with local publishers and book sellers in connection with Eid Milad-un Nabi (PBUH), celebrations from May 4, here at Sabzazar of Shah Chiragh near Lahore High Co
Published 03 May, 2004 12:00am
Jamali to inaugurate Seerat moot on May 3

Jamali to inaugurate Seerat moot on May 3

Prime Minister Zafarullah Khan Jamali will inaugurate the annual National Seerat Conference to celebrate Eid Milad-un-Nabi (Peace Be Upon Him) here on Monday.
Published 03 May, 2004 12:00am
'Tipu Sultan a role model for freedom lovers'

'Tipu Sultan a role model for freedom lovers'

Tipu Sultan Shaheed stands out among the heroes of freedom struggle against the colonial powers led by Britain in the 18th century and by defending his country and his freedom he had truly become a martyr and a role model for others dedicated to the fight
Published 03 May, 2004 12:00am
Traders regret police apathy

Traders regret police apathy

The office-bearers of Central Traders Organisation and Iron Steel Association regretted the role of police and district administration and said the police and administration have failed to check skyrocketing ratio of crimes in the city.
Published 03 May, 2004 12:00am
Prime Minister's foreign tour to help restore investors' trust

Prime Minister's foreign tour to help restore investors' trust

Hussain Ahmed Ozgen, President, Rawalpindi Chamber of Commerce and Industry (RCCI) has termed the four-nation visit of Prime Minister Mir Zafarullah Khan Jamali successful and a boost to Pakistan's socio-economic structure saying it will restore the confi
Published 03 May, 2004 12:00am
Afghan gas tanker blast claims 34 lives

Afghan gas tanker blast claims 34 lives

At least 34 people died and scores more sustained severe burns on Sunday when a gas tanker exploded on a crucial road linking southern and north-western Afghanistan, officials said.
Published 03 May, 2004 12:00am
Afghan gas tanker blast claims 34 lives

Afghan gas tanker blast claims 34 lives

At least 34 people died and scores more sustained severe burns on Sunday when a gas tanker exploded on a crucial road linking southern and north-western Afghanistan, officials said.
Published 03 May, 2004 12:00am
Shahmurad Sugar TFC rating retained

Shahmurad Sugar TFC rating retained

The Pakistan Credit Rating Agency (Pacra) has maintained the rating assigned to the secured TFC issue of Rs 200 million of Shahmurad Sugar Mills Limited (SSML) at ''BBB'' (Triple B).
Published 03 May, 2004 12:00am
Shahmurad Sugar TFC rating retained

Shahmurad Sugar TFC rating retained

The Pakistan Credit Rating Agency (Pacra) has maintained the rating assigned to the secured TFC issue of Rs 200 million of Shahmurad Sugar Mills Limited (SSML) at 'BBB' (Triple B).
Published 03 May, 2004 12:00am
Shahmurad Sugar TFC rating retained

Shahmurad Sugar TFC rating retained

The Pakistan Credit Rating Agency (Pacra) has maintained the rating assigned to the secured TFC issue of Rs 200 million of Shahmurad Sugar Mills Limited (SSML) at 'BBB' (Triple B).
Published 03 May, 2004 12:00am
Pakistan to demand compensation for Macedonian killings

Pakistan to demand compensation for Macedonian killings

Pakistan on Sunday condemned Macedonia's acknowledged staged killing of six Pakistani immigrants two years ago to boost its image as a 'war on terrorism' ally, and said that it would demand compensation.
Published 03 May, 2004 12:00am
Pakistan to demand compensation for Macedonian killings

Pakistan to demand compensation for Macedonian killings

Pakistan on Sunday condemned Macedonia's acknowledged staged killing of six Pakistani immigrants two years ago to boost its image as a 'war on terrorism' ally, and said that it would demand compensation.
Published 03 May, 2004 12:00am
UBS admits it broke agreement with US Fed

UBS admits it broke agreement with US Fed

Employees of UBS used an account of the US Federal Reserve to deliver dollars to countries, especially Arab countries, under a US embargo, breaking an agreement between the Swiss bank and the US central bank, a spokesman for UBS said Sunday.
Published 03 May, 2004 12:00am
Collectors asked to justify non-issuance of PRC

Collectors asked to justify non-issuance of PRC

The Central Board of Revenue (CBR) has directed all collectors of sales tax to justify non-issuance of provisional registration certificates (PRC) to the manufacturers and importers.
Published 03 May, 2004 12:00am
Collectors asked to justify non-issuance of PRC

Collectors asked to justify non-issuance of PRC

The Central Board of Revenue (CBR) has directed all collectors of sales tax to justify non-issuance of provisional registration certificates (PRC) to the manufacturers and importers.
Published 03 May, 2004 12:00am
NRL seeks release of Rs 4.414 billion by ministry

NRL seeks release of Rs 4.414 billion by ministry

National Refinery Ltd (NRL) has approached the Ministry of Petroleum to release Rs 4.414 billion to help improve cash flow for importing petroleum products and cut financing costs.
Published 03 May, 2004 12:00am
NRL seeks release of Rs 4.414 billion by ministry

NRL seeks release of Rs 4.414 billion by ministry

National Refinery Ltd (NRL) has approached the Ministry of Petroleum to release Rs 4.414 billion to help improve cash flow for importing petroleum products and cut financing costs.
Published 03 May, 2004 12:00am
Cairo conference condemns terrorist attacks

Cairo conference condemns terrorist attacks

A conference of religious leaders from 63 Muslim countries condemned here on Sunday the terrorist attacks and insisted that their religion stood for tolerance.
Published 03 May, 2004 12:00am
Cairo conference condemns terrorist attacks

Cairo conference condemns terrorist attacks

A conference of religious leaders from 63 Muslim countries condemned here on Sunday the terrorist attacks and insisted that their religion stood for tolerance.
Published 03 May, 2004 12:00am
Foreign firm evacuating staff from Yanbu

Foreign firm evacuating staff from Yanbu

A western engineering firm said on Sunday it was evacuating all 90 foreign staff from the Saudi city of Yanbu after gunmen shot dead five of their colleagues on Saturday.
Published 03 May, 2004 12:00am
Foreign firm evacuating staff from Yanbu

Foreign firm evacuating staff from Yanbu

A western engineering firm said on Sunday it was evacuating all 90 foreign staff from the Saudi city of Yanbu after gunmen shot dead five of their colleagues on Saturday.
Published 03 May, 2004 12:00am
New Polish Prime Minister faces tough task

New Polish Prime Minister faces tough task

Moderate leftist Marek Belka became Poland's new prime minister on Sunday and faced a daunting task of restoring political stability in the biggest new member of the European Union.
Published 03 May, 2004 12:00am
Army officer of Dubai, two others die in accident

Army officer of Dubai, two others die in accident

A military officer, Lieutenant Saeed Ibrahim, soldier Abdul Aziz of Dubai, and a Pakistani driver Talib Hussain, were killed when their vehicle overturned in the Cholistan Desert near Dingarh (Bahawalpur) due to over speeding, on Saturday.
Published 03 May, 2004 12:00am
Flash floods kill eight in Iran

Flash floods kill eight in Iran

Eight people were killed in flash floods when a river burst its banks in western Iran's Kermanshah province, the official state news agency IRNA reported Sunday.
Published 03 May, 2004 12:00am
Flash floods kill eight in Iran

Flash floods kill eight in Iran

Eight people were killed in flash floods when a river burst its banks in western Iran's Kermanshah province, the official state news agency IRNA reported Sunday.
Published 03 May, 2004 12:00am
Terrorists planning suicide attacks: Kabul

Terrorists planning suicide attacks: Kabul

A Pakistani man arrested in southern Afghanistan was part of a larger group of terrorists who have infiltrated the country to carry out suicide bombings, officials said on Sunday.
Published 03 May, 2004 12:00am
Eid-e-Milad on May 3

Eid-e-Milad on May 3

Eid Milad-un-Nabi, the birthday of Holy Prophet Hazrat Muhammad (Peace Be Upon Him), will be celebrated with traditional zeal throughout the country on Monday.
Published 03 May, 2004 12:00am
Eid-e-Milad on May 3

Eid-e-Milad on May 3

Eid Milad-un-Nabi, the birthday of Holy Prophet Hazrat Muhammad (Peace Be Upon Him), will be celebrated with traditional zeal throughout the country on Monday.
Published 03 May, 2004 12:00am
RCITs told to clear small refunds by June 30

RCITs told to clear small refunds by June 30

The Central Board of Revenue (CBR) has given deadline of June 30, 2004 to the Regional Commissioners of Income Tax (RCITs) for settlement of refund claims involving small amounts.
Published 03 May, 2004 12:00am
RCITs told to clear small refunds by June 30

RCITs told to clear small refunds by June 30

The Central Board of Revenue (CBR) has given deadline of June 30, 2004 to the Regional Commissioners of Income Tax (RCITs) for settlement of refund claims involving small amounts.
Published 03 May, 2004 12:00am
14 more tribesmen freed

14 more tribesmen freed

Pakistani authorities on Sunday freed 14 more tribesmen held since a bloody operation in March to weed out foreign militants hiding in rugged terrain near the Afghan border.
Published 03 May, 2004 12:00am
14 more tribesmen freed

14 more tribesmen freed

Pakistani authorities on Sunday freed 14 more tribesmen held since a bloody operation in March to weed out foreign militants hiding in rugged terrain near the Afghan border.
Published 03 May, 2004 12:00am
Short covering helps KSE index to land in positive zone

Short covering helps KSE index to land in positive zone

Last week's last session recovery helped the Karachi Stock Exchange (KSE-100) index finish the week on a positive note but decline in volumes hinted that genuine investors were out of the market on concerns that the bears might strike back, eroding more s
Published 03 May, 2004 12:00am
Short covering helps KSE index to land in positive zone

Short covering helps KSE index to land in positive zone

Last week's last session recovery helped the Karachi Stock Exchange (KSE-100) index finish the week on a positive note but decline in volumes hinted that genuine investors were out of the market on concerns that the bears might strike back, eroding more s
Published 03 May, 2004 12:00am
OGDC weight needs trimming to reduce imbalance

OGDC weight needs trimming to reduce imbalance

The Karachi Stock Exchange (KSE), to reduce volatility and imbalance with other listed companies in the 100-index, should only include five percent of Oil and Gas Development Co (OGDC) sold to general public, reducing its weightage.
Published 03 May, 2004 12:00am
OGDC weight needs trimming to reduce imbalance

OGDC weight needs trimming to reduce imbalance

The Karachi Stock Exchange (KSE), to reduce volatility and imbalance with other listed companies in the 100-index, should only include five percent of Oil and Gas Development Co (OGDC) sold to general public, reducing its weightage.
Published 03 May, 2004 12:00am
Badla rates down by 270 basis points

Badla rates down by 270 basis points

The erratic movement in stocks prices for the last couple of weeks forced the retail investors to square their positions last week, causing the badla values to move down where badla rates dropped by 270 basis points.
Published 03 May, 2004 12:00am
Badla rates down by 270 basis points

Badla rates down by 270 basis points

The erratic movement in stocks prices for the last couple of weeks forced the retail investors to square their positions last week, causing the badla values to move down where badla rates dropped by 270 basis points.
Published 03 May, 2004 12:00am
Contents of WTO trade agreement taking shape

Contents of WTO trade agreement taking shape

The substance of an agreement between WTO members that would launch the so-called Doha-round of trade talks is taking shape after discussions in London, an EU source said on Sunday.
Published 03 May, 2004 12:00am
Contents of WTO trade agreement taking shape

Contents of WTO trade agreement taking shape

The substance of an agreement between WTO members that would launch the so-called Doha-round of trade talks is taking shape after discussions in London, an EU source said on Sunday.
Published 03 May, 2004 12:00am
NOTICE: No Website update on May 4

NOTICE: No Website update on May 4

The office of Business Recorder will remain closed on Monday (May 3, 2004) on account of Eid Milad-un-Nabi (Peace Be Upon Him) .
Published 03 May, 2004 12:00am
Gas supply to upcountry restored

Gas supply to upcountry restored

Gas supply to upcountry was restored by the engineering staff of Sui Southern Gas Company, (SSGC) after repairing of 18 feet long main pipeline near Tangwani town, on the border of Sindh and Balochistan, about 100km away from here on Sunday.
Published 03 May, 2004 12:00am
Gas supply to upcountry restored

Gas supply to upcountry restored

Gas supply to upcountry was restored by the engineering staff of Sui Southern Gas Company, (SSGC) after repairing of 18 feet long main pipeline near Tangwani town, on the border of Sindh and Balochistan, about 100km away from here on Sunday.
Published 03 May, 2004 12:00am