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Print - 2004-05-10
Tax deducted by Wapda is refundable: FTO

Tax deducted by Wapda is refundable: FTO

The Federal Tax Ombudsman has held that a petrol filling station has fulfilled its tax obligation if the tax has been deducted at the source and it has no other source of income. In such a case tax deducted by Wapda is refundable.
Published 10 May, 2004 12:00am
83,000 tons wheat to be procured from Mian Channu

83,000 tons wheat to be procured from Mian Channu

Pakistan Agriculture Storage and Services Corporation (Passco) would purchase 83,000 tons of wheat from Mian Channu tehsil during the current wheat procurement season.
Published 10 May, 2004 12:00am
Fishermen advised to avoid open sea for three days

Fishermen advised to avoid open sea for three days

Saturday's severe tropical cyclone (O1A) was centered near Latitude 15.2 North and Longitude 70.0 East, about 1050 km south-east of Karachi at 2 pm PST on Sunday, Meteorological Department said here on Sunday.
Published 10 May, 2004 12:00am
Dull trading witnessed on commodity markets

Dull trading witnessed on commodity markets

Truncated by two-day the week ended on May 8, 2004, saw lethargic trading on the wholesale commodity markets where sales comprised of certain items with religious tinge.
Published 10 May, 2004 12:00am
Bridge on River Tavi

Bridge on River Tavi

National Assembly Speaker Chaudhry Amir Hussain on Sunday evening performed stone laying ceremony of a bridge on River Tavi along with Provincial Industries and Investment, Minister, Muhammad Ajmal Cheema, Provincial Minister for Communication and Works C
Published 10 May, 2004 12:00am
Businessman alleges victimisation

Businessman alleges victimisation

Rana Mohammad Asif Khan, Chairman Fara Group of Industries Gujranwala and President, Diesel Engine Manufacturers Association of Pakistan, has accused DPO Gujranwala of registering fake FIRs against him, brother and sons to please his political opponents.
Published 10 May, 2004 12:00am
Irsa seeks Rs 44.71 million for 2004-05

Irsa seeks Rs 44.71 million for 2004-05

The Indus River System Authority (Irsa) has increased its budgetary allocation by roughly over 300 percent and demanded Rs 44.71 million to meet its expenditures during next fiscal year.
Published 10 May, 2004 12:00am
Sherpao gives Rs 60,000 to ailing journalist

Sherpao gives Rs 60,000 to ailing journalist

Federal Minister for Water & Power Aftab Ahmed Khan Sherpao on Sunday gave a cheque for Rs 60,000 as a financial assistance to ailing journalist Maqbool Kashmiri.
Published 10 May, 2004 12:00am
Shahbaz's decision to return final

Shahbaz's decision to return final

Pakistan Muslim League (PML-N) Vice President Mushahidullah Khan has said that Shahbaz Sharif's decision to return was final and the government's attempts to stop his homecoming by arresting him showed 'utter frustration'.
Published 10 May, 2004 12:00am
Wahdat moot on May 10

Wahdat moot on May 10

Annual Wahdat conference will he held under the aegis of Tahreek-e-Aukhuwat-e-Islami Pakistan on Monday at 4 pm at a local hotel.
Published 10 May, 2004 12:00am
Jamaat leader arrives in Germany

Jamaat leader arrives in Germany

Central Secretary Information of Jamaat-i-Islami Pakistan Ameer-ul-Azeem has arrived in Frankfurt to represent JI in FES-PILDAT study programme, says a message received here on Saturday.
Published 10 May, 2004 12:00am
Bomb blast subdues cotton market

Bomb blast subdues cotton market

Ever rising cotton prices and closures replete with religious fervour and the other ghastly blast subdued during the week ended on May 8, 2004.
Published 10 May, 2004 12:00am
Seerat moot

Seerat moot

The Punjab Auqaf Department has directed its administrators functioning at divisional level to hold Seerat-un-Nabi (SAW) conferences in connection with the Eid Milad-un-Nabi (SAW) in the province.
Published 10 May, 2004 12:00am
ANF seizes 11 kg opium: one held

ANF seizes 11 kg opium: one held

ANF officials on a tip-off seized huge quantity of opium from a poacher the other day, ANF sources said on Sunday.
Published 10 May, 2004 12:00am
Anti-pollution drive launched

Anti-pollution drive launched

Islamabad Traffic Police in collaboration with ministry of environment has started anti-pollution drive to check vehicles emitting harmful smoke.
Published 10 May, 2004 12:00am
Muslims urged to follow Holy Prophet's teachings

Muslims urged to follow Holy Prophet's teachings

Muslim society can gain renaissance only by acting upon the teachings of Prophet Hazrat Muhammad (PBUH), said speakers at the Women Seerat Conference held here on Saturday.
Published 10 May, 2004 12:00am
Pakistan wants honourable return of Afghan DPs: Sherpao

Pakistan wants honourable return of Afghan DPs: Sherpao

Federal Minister for States and Frontier Regions (Safron), Kana, Water and Power, Aftab Ahmad Khan Sherpao said on Sunday that Pakistan wanted to facilitate the voluntary repatriation of the Afghan refugees in an honourable and dignified manner.
Published 10 May, 2004 12:00am
Fire destroys chemical factory

Fire destroys chemical factory

Chemicals worth thousands of rupees were reduced to ashes when fire broke out in a factory at Main Bazar Sanda here on Sunday.
Published 10 May, 2004 12:00am
CSP to hold IT Exhibition

CSP to hold IT Exhibition

Computer Society of Pakistan (CSP) will hold a three-day grand IT and Telecom Expo-2003 computer exhibition from May 10-12 at a local hotel.
Published 10 May, 2004 12:00am
ZTBL achieves turnaround in fiscal management

ZTBL achieves turnaround in fiscal management

The Taraqiati Bank Limited (ZTBL) earned over Rs 1 billion net profit during the calendar year 2003, and the repayment of Rs 1.7 billion to the State Bank. It has also achieved a turnaround in terms of financial performance and fiscal management.
Published 10 May, 2004 12:00am
ZTBL achieves turnaround in fiscal management

ZTBL achieves turnaround in fiscal management

The Taraqiati Bank Limited (ZTBL) earned over Rs 1 billion net profit during the calendar year 2003, and the repayment of Rs 1.7 billion to the State Bank. It has also achieved a turnaround in terms of financial performance and fiscal management.
Published 10 May, 2004 12:00am
Events on May 10

Events on May 10

Amir Jamaat-i-Islami Qazi Hussain Ahmed meets the press at Karachi Press Club at 3:00 pm.
Published 10 May, 2004 12:00am
Ulema urged to get united

Ulema urged to get united

Adviser to Sindh Chief Minister for Home Affairs Aftab Ahmad Sheikh on Sunday urged Shia and Sunni religious scholars to get united to foil the evil designs of anti-social elements.
Published 10 May, 2004 12:00am
Two killed in Sibi shootout

Two killed in Sibi shootout

Two people were killed and one injured when some assailants opened indiscriminate fire on them in Walyari village near here on Sunday.
Published 10 May, 2004 12:00am
PML-Q reposes trust in Shujaat

PML-Q reposes trust in Shujaat

Senators and members of National Assembly of PML-Q from Punjab have reposed complete confidence in the leadership of Chaudhry Shujaat Hussain, the head of the party, and assured him that they would back his decisions regarding the unification of various f
Published 10 May, 2004 12:00am
'7-8 percent economic growth expected in next three years'

'7-8 percent economic growth expected in next three years'

Central Board of Revenue (CBR) Chairman Abdullah Yusaf said on Sunday, Pakistan can attain high economic growth of eight percent in just two or three years provided the private sector played a active role.
Published 10 May, 2004 12:00am
Automated system to process duty drawback claims

Automated system to process duty drawback claims

The Collectorate of Customs (Export) is working on a project for automated processing of duty drawback claims which would expedite payment to the exporters amounting Rs 10 billion annually.
Published 10 May, 2004 12:00am
Rock carvings, stupas discovered in Khirthar range

Rock carvings, stupas discovered in Khirthar range

A team of researchers and archaeologists has discovered a series of petroglyphic sites in the Khirthar range during its drive in search of the ancient men's activities in the lower Indus Valley.
Published 10 May, 2004 12:00am
More PML-N workers arrested

More PML-N workers arrested

Law enforcing agencies continued chasing, raiding and harassing the PML-N workers on Sunday, and party leaders claimed that the police arrested many activists from the provincial capital and other parts of the province.
Published 10 May, 2004 12:00am
Pak-Indonesia relations to grow: Consul General

Pak-Indonesia relations to grow: Consul General

Cordial ties between Pakistan and Indonesia have been developing continuously since diplomatic relations established in the Treaty of Friendship on March 3, 1951.
Published 10 May, 2004 12:00am
Musharraf will be able to solve Kashmir issue, hopes his mother

Musharraf will be able to solve Kashmir issue, hopes his mother

Begum Zarrin Musharraf, mother of President of Pakistan General Pervez Musharraf, has said that it is her hope and ardent wish that her son, General Pervez Musharraf obtains for himself the honour and distinction of obtaining a solution of the Kashmir iss
Published 10 May, 2004 12:00am
Dewan Salman profit up by Rs 224 million

Dewan Salman profit up by Rs 224 million

The net profit of the Dewan Salman Fibers in nine months ended March 31, recorded a tremendous jump of Rs 224 million because of cut in the financial charges and higher sales.
Published 10 May, 2004 12:00am
Dewan Salman profit up by Rs 224 million

Dewan Salman profit up by Rs 224 million

The net profit of the Dewan Salman Fibers in nine months ended March 31, recorded a tremendous jump of Rs 224 million because of cut in the financial charges and higher sales.
Published 10 May, 2004 12:00am
Dewan Salman profit up by Rs 224 million

Dewan Salman profit up by Rs 224 million

The net profit of the Dewan Salman Fibers in nine months ended March 31, recorded a tremendous jump of Rs 224 million because of cut in the financial charges and higher sales.
Published 10 May, 2004 12:00am
25 terrorists arrested in Kabul

25 terrorists arrested in Kabul

US-led coalition troops have arrested at least 25 terrorists, including suspected Taleban fighters and foreign allies in south-eastern Afghanistan, the Afghan Islamic Press (AIP) reported on Sunday.
Published 10 May, 2004 12:00am
Two foreigners stoned to death in Kabul

Two foreigners stoned to death in Kabul

Two foreigners, one of whom was likely a Swiss national, were stoned to death by unknown attackers in a public garden in Kabul on Sunday, a government spokesman told AFP.
Published 10 May, 2004 12:00am
Two foreigners stoned to death in Kabul

Two foreigners stoned to death in Kabul

Two foreigners, one of whom was likely a Swiss national, were stoned to death by unknown attackers in a public garden in Kabul on Sunday, a government spokesman told AFP.
Published 10 May, 2004 12:00am
WTC trial shows insurers need tighter practices

WTC trial shows insurers need tighter practices

The bitter legal battle over insurance for the World Trade Centre shows that the business of covering large risks has changed little since its parchment-and-quill-pen beginnings 300 years ago.
Published 10 May, 2004 12:00am
Peace with Pakistan India's abiding goal: Menon

Peace with Pakistan India's abiding goal: Menon

Indian High Commissioner in Pakistan, Shiv Shanker Menon, said on Sunday that peace with Pakistan has been an abiding goal and is part of a broader Indian vision.
Published 10 May, 2004 12:00am
Peace with Pakistan India's abiding goal: Menon

Peace with Pakistan India's abiding goal: Menon

Indian High Commissioner in Pakistan, Shiv Shanker Menon, said on Sunday that peace with Pakistan has been an abiding goal and is part of a broader Indian vision.
Published 10 May, 2004 12:00am
Shaukat assures Mahar of funds for ongoing projects

Shaukat assures Mahar of funds for ongoing projects

Federal Finance Minister Shaukat Aziz called on Sindh Chief Minister Ali Muhammad Mahar at latter's residence here on Sunday and discussed various issues, including National Finance Commission award and important development projects going on in the provi
Published 10 May, 2004 12:00am
CBR orders recovery of duties from oil exploration companies

CBR orders recovery of duties from oil exploration companies

The Central Board of Revenue (CBR) has ordered recovery of duties and taxes on the disputed import of machinery/equipment by the oil exploration and production companies, contractors, sub-contractors and service-providers using corporate guarantee.
Published 10 May, 2004 12:00am
CBR orders recovery of duties from oil exploration companies

CBR orders recovery of duties from oil exploration companies

The Central Board of Revenue (CBR) has ordered recovery of duties and taxes on the disputed import of machinery/equipment by the oil exploration and production companies, contractors, sub-contractors and service-providers using corporate guarantee.
Published 10 May, 2004 12:00am
Small drop in badla rates

Small drop in badla rates

The carry over charges (CoCs) or badla rates during the last working session of the share market depicted small decline where prices most of the week remained range-bound.
Published 10 May, 2004 12:00am
Small drop in badla rates

Small drop in badla rates

The carry over charges (CoCs) or badla rates during the last working session of the share market depicted small decline where prices most of the week remained range-bound.
Published 10 May, 2004 12:00am
Chechen president among 32 killed in bomb attack

Chechen president among 32 killed in bomb attack

Chechnya's pro-Kremlin leader Akhmad Kadyrov was killed on Sunday along with at least 31 others in a bomb attack which dealt a grave blow to President Vladimir Putin's efforts to establish control over the republic.
Published 10 May, 2004 12:00am
Chechen president among 32 killed in bomb attack

Chechen president among 32 killed in bomb attack

Chechnya's pro-Kremlin leader Akhmad Kadyrov was killed on Sunday along with at least 31 others in a bomb attack which dealt a grave blow to President Vladimir Putin's efforts to establish control over the republic.
Published 10 May, 2004 12:00am
One killed on eve of polls in IOK

One killed on eve of polls in IOK

A civilian was killed and three others critically injured on Sunday when suspected freedom fighters lobbed grenades in a marketplace in Indian occupied Kashmir (IOK) a day before elections, police said.
Published 10 May, 2004 12:00am
One killed on eve of polls in IOK

One killed on eve of polls in IOK

A civilian was killed and three others critically injured on Sunday when suspected freedom fighters lobbed grenades in a marketplace in Indian occupied Kashmir (IOK) a day before elections, police said.
Published 10 May, 2004 12:00am
Lindh awarded posthumous 'European of the Year' award

Lindh awarded posthumous 'European of the Year' award

Swedish Foreign Minister Anna Lindh, murdered in Stockholm last September, was posthumously designated her country's "European of the Year" on Sunday by the Swedish section of the European Movement.
Published 10 May, 2004 12:00am
Thousands of Turks demonstration against US actions in Iraq

Thousands of Turks demonstration against US actions in Iraq

Thousands of demonstrators protested in the centre of Istanbul on Sunday in protest against the US presence in Iraq and the treatment of Iraqi detainees, shouting anti-American slogans and burning a poster showing US President George W. Bush.
Published 10 May, 2004 12:00am
Blair apologises

Blair apologises

British Prime Minister Tony Blair apologised Sunday for British soldiers' mistreatment of prisoners in Iraq and pledged to punish those responsible for the abuse, in an interview with French television.
Published 10 May, 2004 12:00am
US soldier faces court martial for Iraq jail abuse

US soldier faces court martial for Iraq jail abuse

The first of seven US soldiers charged with abusing detainees at Iraq's Abu Ghraib prison will be court martialed later this month in a public trial, the US military said on Sunday.
Published 10 May, 2004 12:00am
US approved interrogation techniques for Guantanamo inmates

US approved interrogation techniques for Guantanamo inmates

The US government last year approved interrogation techniques for use at its detention facility in Guantanamo Bay, Cuba, that permit reversing the normal sleep patterns of detainees and exposing them to heat, cold, loud music and bright lights, The Washin
Published 10 May, 2004 12:00am
32 hurt as quake jolts Quetta

32 hurt as quake jolts Quetta

At least 32 people were injured when an earthquake jolted the city of Quetta before dawn on Sunday, most of them after jumping out of windows in panic, officials said.
Published 10 May, 2004 12:00am
32 hurt as quake jolts Quetta

32 hurt as quake jolts Quetta

At least 32 people were injured when an earthquake jolted the city of Quetta before dawn on Sunday, most of them after jumping out of windows in panic, officials said.
Published 10 May, 2004 12:00am
33 killed in Iraq

33 killed in Iraq

The US forces killed 19 members of Shia cleric Moqtada Sadr's Mehdi Army after arresting two key aides in a midnight raid.
Published 10 May, 2004 12:00am
33 killed in Iraq

33 killed in Iraq

The US forces killed 19 members of Shia cleric Moqtada Sadr's Mehdi Army after arresting two key aides in a midnight raid.
Published 10 May, 2004 12:00am
The Weather

The Weather

The weather report on Sunday (May 09) and the forecast for Monday (May 10, 2004).
Published 10 May, 2004 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 04 to 08, 2004).
Published 10 May, 2004 12:00am
Automobile Assembler: HINOPAK MOTORS LIMITED - Year Ended 31-12-2003

Automobile Assembler: HINOPAK MOTORS LIMITED - Year Ended 31-12-2003

This has been a year of record profit (before tax) for the company. Profit before tax grew by 18% to Rs 546.2 million but after tax profit fell to Rs 352.1 million. Earning per shares declined to Rs 28.40 from Rs 35.43 because of increased tax liquidity.
Published 10 May, 2004 12:00am
Automobile Assembler: HINOPAK MOTORS LIMITED - Year Ended 31-12-2003

Automobile Assembler: HINOPAK MOTORS LIMITED - Year Ended 31-12-2003

This has been a year of record profit (before tax) for the company. Profit before tax grew by 18% to Rs 546.2 million but after tax profit fell to Rs 352.1 million. Earning per shares declined to Rs 28.40 from Rs 35.43 because of increased tax liquidity.
Published 10 May, 2004 12:00am
Daily Mail drops partner for Telegraph bid

Daily Mail drops partner for Telegraph bid

UK newspaper publisher Daily Mail & General Trust will bid on its own for Hollinger International Plc's Telegraph newspapers after dropping its private equity partner, a Sunday newspaper said.
Published 10 May, 2004 12:00am
Daily Mail drops partner for Telegraph bid

Daily Mail drops partner for Telegraph bid

UK newspaper publisher Daily Mail & General Trust will bid on its own for Hollinger International Plc's Telegraph newspapers after dropping its private equity partner, a Sunday newspaper said.
Published 10 May, 2004 12:00am
NBK considers buying stake in Iraqi bank

NBK considers buying stake in Iraqi bank

The National Bank of Kuwait (NBK), the emirate's largest bank, said Sunday that it was considering the purchase of 70 percent of Iraq Credit Bank to commence operations in the war-ravaged country.
Published 10 May, 2004 12:00am
NBK considers buying stake in Iraqi bank

NBK considers buying stake in Iraqi bank

The National Bank of Kuwait (NBK), the emirate's largest bank, said Sunday that it was considering the purchase of 70 percent of Iraq Credit Bank to commence operations in the war-ravaged country.
Published 10 May, 2004 12:00am
Fiat, unions reach deal after three-week pay dispute

Fiat, unions reach deal after three-week pay dispute

Carmaker Fiat and unions representing striking workers at a southern Italian factory have reached a deal to end a three week-long pay dispute which has hampered output across Italy, a union spokesman said on Sunday.
Published 10 May, 2004 12:00am
Oil, food, China make Asian inflation trends murky

Oil, food, China make Asian inflation trends murky

The long years of dormant inflation in Asia are over, but mounting price pressures are unlikely to trigger a mad dash by regional central banks to jack up interest rates, even though oil is scaling 13-year peaks.
Published 10 May, 2004 12:00am
US economists fret over China effect

US economists fret over China effect

In a sign of the growing economic importance of China, a chorus of warnings is coming from US experts about the impact of what is seen as an impending slowdown in the Asian economic powerhouse.
Published 10 May, 2004 12:00am
Turkey begins work on rail tunnel under Bosphorus

Turkey begins work on rail tunnel under Bosphorus

Construction work began Sunday on a 2.5-billion-dollar (2.1-billion-euro) project to build a rail tunnel under the Bosphorus Strait that flows through Turkey's biggest city Istanbul.
Published 10 May, 2004 12:00am
Deutsche Bank mulling Postbank purchase

Deutsche Bank mulling Postbank purchase

Deutsche Bank AG is planning a last-minute bid to acquire Deutsche Post's Postbank unit for six billion euros prior to the latter's planned June listing, a German newspaper reported on Sunday.
Published 10 May, 2004 12:00am
Deutsche Bank mulling Postbank purchase

Deutsche Bank mulling Postbank purchase

Deutsche Bank AG is planning a last-minute bid to acquire Deutsche Post's Postbank unit for six billion euros prior to the latter's planned June listing, a German newspaper reported on Sunday.
Published 10 May, 2004 12:00am
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