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Print - 2004-06-04
Rs 500 million allocated for flood control

Rs 500 million allocated for flood control

The Ministry of Water and Power has increased the budget allocation for flood control up to Rs 500 million for next fiscal year as compared to Rs 350 million in 2003-04.
Published 04 Jun, 2004 12:00am
Pakistan welcomes Iraqi interim set-up

Pakistan welcomes Iraqi interim set-up

Pakistan on Thursday welcomed appointment of interim Iraqi administration and hoped it would exercise full sovereignty to protect country's unity and territorial integrity.
Published 04 Jun, 2004 12:00am
LHC converts death penalty of Afridi into life imprisonment

LHC converts death penalty of Afridi into life imprisonment

A division bench of the Lahore High Court on Thursday partially allowed an appeal filed by Chief Editor of an English newspaper Rehmat Shah Arfidi, and converted capital sentence earlier awarded to him into life imprisonment.
Published 04 Jun, 2004 12:00am
Citibank and Caltex enter deal

Citibank and Caltex enter deal

Citibank NA Pakistan and Caltex Oil (Pakistan) Limited signed an agreement on Thursday offering zero percent service charge to Visa and MasterCard holders.
Published 04 Jun, 2004 12:00am
Citibank and Caltex enter deal

Citibank and Caltex enter deal

Citibank NA Pakistan and Caltex Oil (Pakistan) Limited signed an agreement on Thursday offering zero percent service charge to Visa and MasterCard holders.
Published 04 Jun, 2004 12:00am
Referendum for Wapda CBA held

Referendum for Wapda CBA held

Chairman of Water and Power Development Authority (Wapda) Tariq Hamid went round the polling stations set up here at the Wapda House and the Sunny View to facilitate referendum for the establishment of collective bargaining agent (CBA).
Published 04 Jun, 2004 12:00am
PTA receives 95 applications

PTA receives 95 applications

PTA has received 95 applications for Local Loop (LL) and Long Distance International (LDI) licenses, collecting Rs 1.102 billion as initial license fee.
Published 04 Jun, 2004 12:00am
SBP clarifies dollar purchase

SBP clarifies dollar purchase

A report, which appeared in a section of the press on Thursday, alleges that the purchase of 10 billion dollars by the State Bank during the last four years has resulted in a loss of Rs 6.2 billion.
Published 04 Jun, 2004 12:00am
TCP accepts PSMA's revised offer of Rs 16.49 per kg

TCP accepts PSMA's revised offer of Rs 16.49 per kg

The Trading Corporation of Pakistan (TCP) has accepted Pakistan Sugar Mills Association (PSMA) revised offer of Rs 16.49 per kg for 300,000 tonnes procurement and asked its 22 member units to confirm the new rates by Friday afternoon.
Published 04 Jun, 2004 12:00am
'Pakistan and Japan need to work closely for trade boost'

'Pakistan and Japan need to work closely for trade boost'

There is a great co-operation between Pakistan and Japan in trade and investment. The two countries need to work closely to explore avenues of enhanced co-operation, particularly in the private sector.
Published 04 Jun, 2004 12:00am
Committee reviews cases of human rights violations

Committee reviews cases of human rights violations

Provincial Human Rights Monitoring Committee meeting headed by Kishwer Shaheen Awan at the Regional Directorate of Human Rights, Ministry of Law, Justice and Human Rights, Government of Pakistan, here on Thursday, reviewed various cases of human rights vi
Published 04 Jun, 2004 12:00am
Faisal denies economic blockade of Wana

Faisal denies economic blockade of Wana

Interior Minister Makhdoom Faisal Hayat strongly rebutted the assertions that law-enforcing agencies have imposed economic blockade of South Waziristan.
Published 04 Jun, 2004 12:00am
Haj fare hike resented

Haj fare hike resented

There is great resentment among the intending Hajis over the increase in Haj air fares as announced in the Haj policy by the government.
Published 04 Jun, 2004 12:00am
Kasuri for adopting modern means to develop gems industry

Kasuri for adopting modern means to develop gems industry

Minister for Foreign Affairs Khurshid Mehmud Kasuri on Wednesday called for adoption of modern techniques for cutting and polishing of the gems found in Pakistan to help country earn foreign exchange.
Published 04 Jun, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
PPP holds protest rallies on June 4

PPP holds protest rallies on June 4

The Pakistan People's Party (PPP), Karachi division, has outlined a programme for protest on Friday in all five district headquarters against recent bomb blasts, murder of renowned religious scholar Mufti Nizamuddin Shamzai in Karachi, deaths due to consu
Published 04 Jun, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

New battle lines are being drawn in Karachi. An infrequent visitor of the National Assembly Chaudhry Shujaat Hussain came to the House on Thursday quite early in the morning and took a seat between Makhdoom Amin Fahim and Qazi Hussain Ahmad.
Published 04 Jun, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Soyem of Imambargah blast victims held peacefully

Soyem of Imambargah blast victims held peacefully

Although the city remained under the grip of fear on Thursday due to Soyem of the Imam Ali Reza bomb blast victims, the people attended to their daily routine of going to their offices and business activities.
Published 04 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Ulema issue Fatwa

Ulema issue Fatwa

The Ulema belonging to various schools of thought have issued a 'Fatwa' at a representative meeting held under the chairmanship of Governor Dr Ishratul Ibad Khan here on Thursday.
Published 04 Jun, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
US and UK warn their citizens in Pakistan

US and UK warn their citizens in Pakistan

The United States on Thursday warned Americans in Pakistan that US citizens and interests in Karachi may be targeted for attacks during a general strike this week called to protest recent sectarian violence.
Published 04 Jun, 2004 12:00am
US and UK warn their citizens in Pakistan

US and UK warn their citizens in Pakistan

The United States on Thursday warned Americans in Pakistan that US citizens and interests in Karachi may be targeted for attacks during a general strike this week called to protest recent sectarian violence.
Published 04 Jun, 2004 12:00am
Kasuri and Natwar vow to push peace drive ahead

Kasuri and Natwar vow to push peace drive ahead

India's new foreign minister told his Pakistani counterpart on Thursday that the two countries should bury their past rivalry ahead of new negotiations between the nuclear powers, a statement said.
Published 04 Jun, 2004 12:00am
Kasuri and Natwar vow to push peace drive ahead

Kasuri and Natwar vow to push peace drive ahead

India's new foreign minister told his Pakistani counterpart on Thursday that the two countries should bury their past rivalry ahead of new negotiations between the nuclear powers, a statement said.
Published 04 Jun, 2004 12:00am
Cotton output reaches 9.794 million bales

Cotton output reaches 9.794 million bales

Cotton production has finally ended at 9.794 million bales reaching close to the last year production of slightly over 10 million bales.
Published 04 Jun, 2004 12:00am
Cotton output reaches 9.794 million bales

Cotton output reaches 9.794 million bales

Cotton production has finally ended at 9.794 million bales reaching close to the last year production of slightly over 10 million bales.
Published 04 Jun, 2004 12:00am
Jewellers exempted from past sales tax liabilities

Jewellers exempted from past sales tax liabilities

The Central Board of Revenue (CBR) has given exemption of past sales tax liabilities, ie, prior to July 1, 2003 to jewellers who want to avail of amnesty scheme under SRO 246 (I)/2004.
Published 04 Jun, 2004 12:00am
Jewellers exempted from past sales tax liabilities

Jewellers exempted from past sales tax liabilities

The Central Board of Revenue (CBR) has given exemption of past sales tax liabilities, ie, prior to July 1, 2003 to jewellers who want to avail of amnesty scheme under SRO 246 (I)/2004.
Published 04 Jun, 2004 12:00am
Jewellers exempted from past sales tax liabilities

Jewellers exempted from past sales tax liabilities

The Central Board of Revenue (CBR) has given exemption of past sales tax liabilities, ie, prior to July 1, 2003 to jewellers who want to avail of amnesty scheme under SRO 246 (I)/2004.
Published 04 Jun, 2004 12:00am
Picic raises paid-up capital to Rs 3 billion

Picic raises paid-up capital to Rs 3 billion

The Pakistan Industrial Credit and Investment Corporation Ltd (Picic) has increased the its authorised capital to Rs 3 billion from Rs 2 billion, said a Picic notice issued here on Thursday.
Published 04 Jun, 2004 12:00am
McDonald's and Sony to offer free song downloads

McDonald's and Sony to offer free song downloads

McDonald's Corp and Sony Corp are teaming up to give away free music downloads, in a step that analysts said raises questions about McDonald's long-standing relationship with Walt Disney Co.
Published 04 Jun, 2004 12:00am
McDonald's and Sony to offer free song downloads

McDonald's and Sony to offer free song downloads

McDonald's Corp and Sony Corp are teaming up to give away free music downloads, in a step that analysts said raises questions about McDonald's long-standing relationship with Walt Disney Co.
Published 04 Jun, 2004 12:00am
Three killed and 7 hurt in IOK shootouts

Three killed and 7 hurt in IOK shootouts

Three people including a ruling party politician were killed and seven policemen were injured in a grenade attack on Thursday in Indian occupied Kashmir (IOK), occupation police said.
Published 04 Jun, 2004 12:00am
MoU signed to promote SMEs working

MoU signed to promote SMEs working

The United Nations Development Programme - Small Grants Programme (UNDP-SGP) has joined hands with the Small and Medium Enterprise Development Authority (Smeda) to facilitate the promotion of small and medium enterprises working for the conservation of en
Published 04 Jun, 2004 12:00am
Sindh budget on June 14

Sindh budget on June 14

The annual fiscal budget 2004-05 and supplementary budget 2003-04 of Sindh province will be presented in the Sindh Assembly on Monday, 14th June 2004, at 2:30 pm.
Published 04 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Sindh budget on June 14

Sindh budget on June 14

The annual fiscal budget 2004-05 and supplementary budget 2003-04 of Sindh province will be presented in the Sindh Assembly on Monday, 14th June 2004, at 2:30 pm.
Published 04 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Punjab budget likely on June 14

Punjab budget likely on June 14

Punjab Budget 2004-05 is likely to be presented on June 14 and this decision has been taken after the shift in the date of the Federal Budget 2004-05 to June 12.
Published 04 Jun, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
US can't fix budget without tax rises: top banker

US can't fix budget without tax rises: top banker

Whoever wins this year's US presidential election will inherit a massive fiscal headache, and international investors may dump dollar assets if the deficit is not tackled, a former top US central banker said on Thursday.
Published 04 Jun, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
New wireless systems push 3G onto the defensive

New wireless systems push 3G onto the defensive

Third-generation mobile phone services are finally here after a mammoth effort that cost the industry at least 100 billion euros ($123 billion), but new systems that operate much faster already threaten to consign 3G to history.
Published 04 Jun, 2004 12:00am
Mitsubishi Motors announces another recall

Mitsubishi Motors announces another recall

Japan's scandal-tainted carmaker Mitsubishi Motors on Thursday announced yet another recall of about 347,000 passenger cars globally as its share price dropped 6.54 percent on the Tokyo stock market.
Published 04 Jun, 2004 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Mitsubishi Motors announces another recall

Mitsubishi Motors announces another recall

Japan's scandal-tainted carmaker Mitsubishi Motors on Thursday announced yet another recall of about 347,000 passenger cars globally as its share price dropped 6.54 percent on the Tokyo stock market.
Published 04 Jun, 2004 12:00am
France proposes overhaul of retail price rules

France proposes overhaul of retail price rules

France proposed an overhaul of retail price rules on Thursday that would cut the cost of common brand-name goods by up to five percent, aiming to boost consumer spending in the eurozone's second-biggest economy.
Published 04 Jun, 2004 12:00am
CIA chief George Tenet quits

CIA chief George Tenet quits

CIA Director George Tenet, who has been under attack over the intelligence used to justify the Iraq invasion and warnings before the September 11 attacks, resigned on Thursday, the US administration announced.
Published 04 Jun, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
CIA chief George Tenet quits

CIA chief George Tenet quits

CIA Director George Tenet, who has been under attack over the intelligence used to justify the Iraq invasion and warnings before the September 11 attacks, resigned on Thursday, the US administration announced.
Published 04 Jun, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Over a dozen farm projects approved

Over a dozen farm projects approved

The Finance Ministry has approved over a dozen new development projects in the agriculture sector, mainly focusing on Balochistan province, while there is only one NWFP-specific project in the development plan for the next fiscal despite upward revision i
Published 04 Jun, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 03, 2004).
Published 04 Jun, 2004 12:00am
Over a dozen farm projects approved

Over a dozen farm projects approved

The Finance Ministry has approved over a dozen new development projects in the agriculture sector, mainly focusing on Balochistan province, while there is only one NWFP-specific project in the development plan for the next fiscal despite upward revision i
Published 04 Jun, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 04 Jun, 2004 12:00am
One killed and 6 hurt in Gilgit clashes; curfew imposed

One killed and 6 hurt in Gilgit clashes; curfew imposed

One person was killed and six received injuries on Thursday when Shia protestors demanding changes in the religious textbooks clashed with security forces in Gilgit, hospital officials said.
Published 04 Jun, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 Jun, 2004 12:00am
One killed and 6 hurt in Gilgit clashes; curfew imposed

One killed and 6 hurt in Gilgit clashes; curfew imposed

One person was killed and six received injuries on Thursday when Shia protestors demanding changes in the religious textbooks clashed with security forces in Gilgit, hospital officials said.
Published 04 Jun, 2004 12:00am