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Print - 2004-06-19
Nishat Group enters in joint venture

Nishat Group enters in joint venture

DG Khan Cement Company, a member of the Nishat Group of Companies, signed a joint venture agreement with Messrs Shuaiba Paper Products Company, Kuwait, to set up a paper sack manufacturing plant in Kallar Kahar, Chakwal District.
Published 19 Jun, 2004 12:00am
LHC upholds levy of market fee on sugar and textile mills

LHC upholds levy of market fee on sugar and textile mills

A full bench of the Lahore High Court (LHC) on Thursday, while upholding the levy of market fee on sugar and textile mills, has advised the petitioners to approach the irrigation department for redressal of their grievances.
Published 19 Jun, 2004 12:00am
PPCBL chief briefed over bank's performance

PPCBL chief briefed over bank's performance

The Task Force of Punjab Provincial Co-operative Bank Limited (PPCBL) which met here with Haroon I. Kayani in the chair, was briefed on the performance of the bank.
Published 19 Jun, 2004 12:00am
Tributes paid to Azad Kausri

Tributes paid to Azad Kausri

Intellectuals, writers and senior journalists paid rich tributes to veteran journalist late Azad Kausri at a reference held in connection with his first death anniversary here on Friday.
Published 19 Jun, 2004 12:00am
LCCI for constitution of committee against encroachments

LCCI for constitution of committee against encroachments

The Lahore Chamber of Commerce and Industry (LCCI) President Mian Anjum Nisar has urged the Chief Minister Punjab, Chaudhry Pervaiz Elahi, to constitute a committee comprising traders and representatives of City District Government Lahore (CDGL) to superv
Published 19 Jun, 2004 12:00am
BRIDGE NOTES: Karachi Golf Club comes up steadily

BRIDGE NOTES: Karachi Golf Club comes up steadily

The fourth Tuesday of the month is a busy day for Karachi Golf Club as the monthly invitational bridge pair event is held at the club. The bridge pair event provides an indoor sporting activity for the club members as well as the invitee pairs. This way t
Published 19 Jun, 2004 12:00am
Powers to check under-invoicing criticised

Powers to check under-invoicing criticised

The Founders at the Lahore Chamber of Commerce and Industry (LCCI) has castigated discretionary powers of tax officials to check under-invoicing of goods at the time of import or export.
Published 19 Jun, 2004 12:00am
SPORTS WORLD: Departments' role in cricket

SPORTS WORLD: Departments' role in cricket

An advisory council has no place in the organizational setup of the cricket board, particularly when the present arrangement is based on ad hocism. One thought that in accord with the current constitution, which has not and cannot be sent to the lumber ro
Published 19 Jun, 2004 12:00am
Notices issued to respondents in Shoaib suit

Notices issued to respondents in Shoaib suit

A civil judge Farrukh Hussain has issued notices to Syed Muzammil Hussain Shah and Syed Najam-ul-Abbas Shah and directed them to appear before the court on July 05, to settle the issue raised in a suit filed against them by cricket player Shoaib Akhtar.
Published 19 Jun, 2004 12:00am
SPORTS WORLD: Miandad sacked, Bob Woolmer new coach

SPORTS WORLD: Miandad sacked, Bob Woolmer new coach

Javed Miandad has paid the price of his being too much critical of the policies of the Pakistan Cricket Board (PCB) big-wigs and has been replaced by England's former Test cricketer Bob Woolmer. The sacking of former batting maestro was linked with Pakist
Published 19 Jun, 2004 12:00am
'World bodies keen to extend fiscal co-operation to Punjab'

'World bodies keen to extend fiscal co-operation to Punjab'

After scintillating success of the Punjab government in myriad developmental projects during the current fiscal year in education, health and other sectors, many international institutions have shown keen interest in extending fiscal co-operation to the p
Published 19 Jun, 2004 12:00am
Withering Pakistani film music

Withering Pakistani film music

Film music of Pakistan, which not too long ago, successfully competed with the best songs recorded in films produced from studios in Mumbai, India, seems to have suffered a great set back in quality in the past few decades. It touched the acme of its glor
Published 19 Jun, 2004 12:00am
LAHORE CULTURAL DIARY: Two well known creative persons pass away

LAHORE CULTURAL DIARY: Two well known creative persons pass away

The deaths, which occurred in Lahore last week of two well-known creative persons, have cast a gloom over the cultural scene in the city. A Punjabi Mushaira sponsored by the Department of Punjabi Language and Literature got adequate response and the annou
Published 19 Jun, 2004 12:00am
The daffodils

The daffodils

Two centuries have quietly passed since the English poet laureate William Wordsworth wrote, in or about 1804, the first version of his celebrated poem "The Daffodils". Half a century ago, I, as a secondary school student, read it in the poetry book prescr
Published 19 Jun, 2004 12:00am
CAPITAL CULTURAL SCENE: External influences' impact

CAPITAL CULTURAL SCENE: External influences' impact

The heat and the pace of life in Islamabad have increased considerably. One has to sift through the plethora of activities taking place and then prioritize so as to attend those, which are more relevant to the cultural scene of the Capital. Pakistan Touri
Published 19 Jun, 2004 12:00am
Punjab to have two women jails

Punjab to have two women jails

The Punjab government has planned to construct one each women jail at Faisalabad and Rawalpindi during the financial year 2004-05.
Published 19 Jun, 2004 12:00am
To realize

To realize

To realize
Published 19 Jun, 2004 12:00am
Punjab budget termed balanced

Punjab budget termed balanced

The Lahore Chamber of Commerce and Industry (LCCI) President Mian Anjum Nisar, commenting on the Punjab Budget 2004-05, has termed it a balanced budget.
Published 19 Jun, 2004 12:00am
Play an essential tool in child's development

Play an essential tool in child's development

Babies begin to learn rapidly from the moment they are born. By the end of the second year of life, growth of the human brain is almost completed. For good mental growth, the child's greatest need is the adults love and attention.
Published 19 Jun, 2004 12:00am
Information and images

Information and images

The new Managing Director of Pakistan Television Corporation Arshad Khan seems to be a man of vision and is reputed to know the art of converting a loss making organization into a profit making one. But this time he has a different kind of company and a d
Published 19 Jun, 2004 12:00am
LITERARY NOTES: Allama Iqbal as a political economist

LITERARY NOTES: Allama Iqbal as a political economist

Who says there were no thrills and sensations in the world of literature? Take for instance Allama Iqbal's free translation of some articles of western political economists under the title Ilm-ul-Iqtisad (Iqbal's translation for Political Economy) and one
Published 19 Jun, 2004 12:00am
Protest against non-supply of water

Protest against non-supply of water

It is not terrorism but not less serious than it. Water crisis in Karachi has been a constant problem but the growing incidents of 'power riots' in the city might turn the protests for water into riots.
Published 19 Jun, 2004 12:00am
Sindh chief minister warns against water theft

Sindh chief minister warns against water theft

Sindh Chief Minister Arbab Ghulam Rahim has said that water theft in any form would not be tolerated and those found guilty would be brought to book irrespective of their land holding or socio-political status.
Published 19 Jun, 2004 12:00am
CURRENT TOPICS: Musharraf at crossroads

CURRENT TOPICS: Musharraf at crossroads

Musharraf is essentially a soldier. But now he is aiming at becoming a scholar and a statesman. Circumstances perhaps not of his own choosing turned him into a politician - not a very successful one, going by the record. Notwithstanding his military backg
Published 19 Jun, 2004 12:00am
Surgical goods industry not developing

Surgical goods industry not developing

The growth of surgical instruments industry in Pakistan is reported to be stagnant at around 8.9 percent despite investment of around Rs 2 billion during the last couple of years.
Published 19 Jun, 2004 12:00am
The Weather

The Weather

The weather report on Friday (June 18) and the forecast for Saturday (June 19, 2004).
Published 19 Jun, 2004 12:00am
NGOs seek availability of clean water

NGOs seek availability of clean water

Workers of various social and non-government organisations have demanded of the government to ensure availability of clean drinking water to the citizens of Pakistan, especially for the dwellers of Hyderabad, as it is the basic right of the people.
Published 19 Jun, 2004 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.
Published 19 Jun, 2004 12:00am
Clear-cut auto industry policy demanded

Clear-cut auto industry policy demanded

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has urged the federal Minster for Industries and Production, Liaquat Ali Jatoi, to announced a clear-cut auto industry policy
Published 19 Jun, 2004 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.
Published 19 Jun, 2004 12:00am
USC is in dire financial crunch, Supreme Court informed

USC is in dire financial crunch, Supreme Court informed

The Utility Stores Corporation has informed the Supreme Court that it was facing "economic constraints" and because of a "dire financial crunch" it had to resort to downsizing its strength.
Published 19 Jun, 2004 12:00am
Key stock market movements at 1700 GMT on June 18

Key stock market movements at 1700 GMT on June 18

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 19 Jun, 2004 12:00am
QSC member opposes sales tax exemption to ginners

QSC member opposes sales tax exemption to ginners

The sales tax regime in the country favours those who sell locally over those who export. The notion has been proved in the new Federal budget by exempting ginned cotton from sales tax.
Published 19 Jun, 2004 12:00am
LCCI concerned over Karachi law and order situation

LCCI concerned over Karachi law and order situation

Former Convener of The Founders and sitting Executive Committee Member Lahore Chamber of Commerce & Industry (LCCI) Chaudhry Zaka Ashraf has expressed grave concern over the deteriorating law and order situation in Karachi.
Published 19 Jun, 2004 12:00am
Shops and vehicles damaged as protestors turn violent in Saddar

Shops and vehicles damaged as protestors turn violent in Saddar

Scores of vehicles, shops, banks, signboards, police check posts and traffic signals were damaged by angry mob here at Regal Chowk, Zaib-un-Nisa Street and adjoining streets on Friday, who were protesting against assassination of PPP leader Munawar Suharw
Published 19 Jun, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 18, 2004).
Published 19 Jun, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Friday (June 18) and rates for Saturday (June 19, 2004).
Published 19 Jun, 2004 12:00am
Rich tributes paid to Zamir Niazi at CPNE meeting

Rich tributes paid to Zamir Niazi at CPNE meeting

Glowing tributes were paid here to late Zamir Niazi for his devotion to press freedom and a passion for research into the conditions of the press industry in Pakistan as also on various other aspects of public concern in Pakistan.
Published 19 Jun, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 18, 2004).
Published 19 Jun, 2004 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Senate wrapped up its discussion on the federal budget Friday evening but the National Assembly was still only about half way through given its large membership and every MNA's enthusiasm to register his or her presence.
Published 19 Jun, 2004 12:00am
Opposition again stages walkout over murder

Opposition again stages walkout over murder

Combined opposition staged walkout again on Friday from the National Assembly against the murder of PPP leader Munawwar Hussain Suharwardi.
Published 19 Jun, 2004 12:00am
THE RUPEE: dollar rates still high

THE RUPEE: dollar rates still high

The rupee-dollar parity rates on Friday remained high in the interbank market as all leading banks were busy with payments, experts observed.
Published 19 Jun, 2004 12:00am
THE RUPEE: dollar rates still high

THE RUPEE: dollar rates still high

The rupee-dollar parity rates on Friday remained high in the interbank market as all leading banks were busy with payments, experts observed.
Published 19 Jun, 2004 12:00am
Pacts signed to extend GSM mobile facility to Azad Kashmir

Pacts signed to extend GSM mobile facility to Azad Kashmir

Special Communication Organisation (SCO) on Friday signed GSM mobile network and line transmission projects worth Rs 327 million with a Chinese company Huawei Technologies to extend GSM mobile phone facility to Azad Jammu and Kashmir (AJK) and Northern Ar
Published 19 Jun, 2004 12:00am
Commercial Banks: MASHREQ BANK PAKISTAN LIMITED - Year Ended 31.12.2003

Commercial Banks: MASHREQ BANK PAKISTAN LIMITED - Year Ended 31.12.2003

Due to the amalgamation of two entities - Crescent Investment Bank Limited and Pakistan branches of Mashreq Bank psc, a new commercial bank Mashreq Bank Pakistan Ltd emerged. This is operating with 6 branches and intends to open 4 more branches in 2004.
Published 19 Jun, 2004 12:00am
Pakistan assumes Saarc Energy Group chairmanship

Pakistan assumes Saarc Energy Group chairmanship

Pakistan has assumed the Chairmanship of the South Asian Association of Regional Cooperation (Saarc) working Group on Energy at its first meeting held in Islamabad on June 15 and 16.
Published 19 Jun, 2004 12:00am
Commercial Banks: MASHREQ BANK PAKISTAN LIMITED - Year Ended 31.12.2003

Commercial Banks: MASHREQ BANK PAKISTAN LIMITED - Year Ended 31.12.2003

Due to the amalgamation of two entities - Crescent Investment Bank Limited and Pakistan branches of Mashreq Bank psc, a new commercial bank Mashreq Bank Pakistan Ltd emerged. This is operating with 6 branches and intends to open 4 more branches in 2004.
Published 19 Jun, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (June 18, 2004).
Published 19 Jun, 2004 12:00am
Cut in defence budget opposed, Senate debate ends

Cut in defence budget opposed, Senate debate ends

While winding up the budget debate in Senate on Friday, Finance Minister Shaukat Aziz opposed decrease in defence budget, saying that strong defence was essential for economic independence.
Published 19 Jun, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Friday (June 18, 2004).
Published 19 Jun, 2004 12:00am
AC modules inaugurated

AC modules inaugurated

The Governor of Punjab, Lieutenant General Khalid Maqbool (Retd) was the chief guest at the opening ceremony of 14 air-conditioning modules at OPD of Sheikh Zayed Hospital on Friday.
Published 19 Jun, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.
Published 19 Jun, 2004 12:00am
Tributes paid to Imam Khomeini

Tributes paid to Imam Khomeini

Speakers from different schools of thought paid rich tributes to the great Muslim leader, Imam Khomeini, for his revolutionary vision given to the world.
Published 19 Jun, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.
Published 19 Jun, 2004 12:00am
Tax case reopening: Attorney General and CIT summoned

Tax case reopening: Attorney General and CIT summoned

The Supreme Court on Friday accepted a plea to determine if a re-assessment of a declaration about the income tax covering the last decade could be made after the expiry of four years limitation provided under the Income Tax Ordinance of 1979, which has b
Published 19 Jun, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (June 18, 2004).
Published 19 Jun, 2004 12:00am
Quran Khawani for Suharwardi held

Quran Khawani for Suharwardi held

The Pakistan People's Party Parliamentarian (PPPP) held Quran Khawani for late Munawwar Suharwardi at its Lahore office on Friday. A large number of workers were present on the occasion.
Published 19 Jun, 2004 12:00am
Violence in Iraq claims 5 lives

Violence in Iraq claims 5 lives

Three civilians were killed and three soldiers wounded in a bomb blast targeting a US military convoy in the capital's Sadr City Shia bastion on Friday, a US military spokesman said.
Published 19 Jun, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 19 Jun, 2004 12:00am
Violence in Iraq claims 5 lives

Violence in Iraq claims 5 lives

Three civilians were killed and three soldiers wounded in a bomb blast targeting a US military convoy in the capital's Sadr City Shia bastion on Friday, a US military spokesman said.
Published 19 Jun, 2004 12:00am
Election Commission endorses PML unification

Election Commission endorses PML unification

The Election Commission of Pakistan on Friday held the PML unification application in conformity with provision of law and endorsed the resolutions of unification by three PML factions and Sindh Democratic Alliance into one party "Pakistan Muslim League."
Published 19 Jun, 2004 12:00am
Election Commission endorses PML unification

Election Commission endorses PML unification

The Election Commission of Pakistan on Friday held the PML unification application in conformity with provision of law and endorsed the resolutions of unification by three PML factions and Sindh Democratic Alliance into one party "Pakistan Muslim League."
Published 19 Jun, 2004 12:00am
Punjab minister resigns

Punjab minister resigns

Punjab Social Welfare Minister Syeda Sughra Hussain Imam on Friday voluntarily tendered her resignation from the cabinet.
Published 19 Jun, 2004 12:00am
Punjab minister resigns

Punjab minister resigns

Punjab Social Welfare Minister Syeda Sughra Hussain Imam on Friday voluntarily tendered her resignation from the cabinet.
Published 19 Jun, 2004 12:00am
Chief ministers meeting to discuss water issue in July

Chief ministers meeting to discuss water issue in July

An important meeting of the chief ministers of all the provinces will be held here in Islamabad in the first week of July to discuss and evolve consensus on the issue of construction of new dams so that the construction on these projects could be started
Published 19 Jun, 2004 12:00am
Chief ministers meeting to discuss water issue in July

Chief ministers meeting to discuss water issue in July

An important meeting of the chief ministers of all the provinces will be held here in Islamabad in the first week of July to discuss and evolve consensus on the issue of construction of new dams so that the construction on these projects could be started
Published 19 Jun, 2004 12:00am
Cigarette makers under Karachi LTU facilitated

Cigarette makers under Karachi LTU facilitated

To facilitate the cigarette manufacturers operating under Large Taxpayer Unit (LTU), Karachi, the government has withdrawn the powers of excise officers to supervise the transportation of non-duty paid tobacco from the factory gate to warehouse.
Published 19 Jun, 2004 12:00am
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