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Print - 2004-06-21
Pakistan and India to set up nuclear hotline

Pakistan and India to set up nuclear hotline

India and Pakistan agreed on Sunday to set up a hotline to avoid nuclear confrontation and continue a ban on nuclear tests, as the rivals came together to dismiss concerns by the world's more established atomic powers.
Published 21 Jun, 2004 12:00am
Pakistan and India to set up nuclear hotline

Pakistan and India to set up nuclear hotline

India and Pakistan agreed on Sunday to set up a hotline to avoid nuclear confrontation and continue a ban on nuclear tests, as the rivals came together to dismiss concerns by the world's more established atomic powers.
Published 21 Jun, 2004 12:00am
US marine among 14 killed in Iraq

US marine among 14 killed in Iraq

A US aircraft fired at militiamen on Sunday, killing four, after they had fired mortar rounds at a base of the US-led coalition, north of Baghdad, the military said.
Published 21 Jun, 2004 12:00am
US marine among 14 killed in Iraq

US marine among 14 killed in Iraq

A US aircraft fired at militiamen on Sunday, killing four, after they had fired mortar rounds at a base of the US-led coalition, north of Baghdad, the military said.
Published 21 Jun, 2004 12:00am
Muttahida gives three-month ultimatum to government

Muttahida gives three-month ultimatum to government

The Muttahida Qaumi Movement has given a three-month ultimatum to the federal government and the 'establishment' to control the Jihadi groups and the Muttahida Majlis-i-Amal (MMA) who, according to Muttahida leaders, are making the MQM target of their "te
Published 21 Jun, 2004 12:00am
Muttahida gives three-month ultimatum to government

Muttahida gives three-month ultimatum to government

The Muttahida Qaumi Movement has given a three-month ultimatum to the federal government and the 'establishment' to control the Jihadi groups and the Muttahida Majlis-i-Amal (MMA) who, according to Muttahida leaders, are making the MQM target of their "te
Published 21 Jun, 2004 12:00am
Iraqi group threatens to behead South Korean

Iraqi group threatens to behead South Korean

An Iraqi group has threatened to behead a South Korean hostage if Seoul does not end co-operation with the US occupying authorities, a videotape aired on Arabic television station Al Jazeera said on Sunday.
Published 21 Jun, 2004 12:00am
Foreign secretaries hotline to be set up

Foreign secretaries hotline to be set up

India and Pakistan on Sunday agreed to establish a dedicated and secure hotline between foreign secretaries of the two countries through their respective foreign offices to prevent mis-understanding and reduce risk relevant for nuclear issues.
Published 21 Jun, 2004 12:00am
2004-05 seen as more exciting on economic front

2004-05 seen as more exciting on economic front

Finance Minister Shaukat Aziz on Sunday said he foresees the fiscal year 2004-05 as more exciting one on economic front, but added that a dynamic agriculture sector was imperative to ensure a targeted 8 percent national economic growth in the next three y
Published 21 Jun, 2004 12:00am
2004-05 seen as more exciting on economic front

2004-05 seen as more exciting on economic front

Finance Minister Shaukat Aziz on Sunday said he foresees the fiscal year 2004-05 as more exciting one on economic front, but added that a dynamic agriculture sector was imperative to ensure a targeted 8 percent national economic growth in the next three y
Published 21 Jun, 2004 12:00am
Musharraf fears retaliation for raids on tribes

Musharraf fears retaliation for raids on tribes

President General Pervez Musharraf is worried about retaliation for recent security raids on tribal groups harbouring al Qaeda-linked militants in a remote region bordering Afghanistan.
Published 21 Jun, 2004 12:00am
Musharraf fears retaliation for raids on tribes

Musharraf fears retaliation for raids on tribes

President General Pervez Musharraf is worried about retaliation for recent security raids on tribal groups harbouring al Qaeda-linked militants in a remote region bordering Afghanistan.
Published 21 Jun, 2004 12:00am
CVT issue pushes KSE down

CVT issue pushes KSE down

The investors sold their holdings because of imposition of capital value tax, hurting their confidence, which unleashed a selling pressure and the daily volume during the past week was on the downhill course.
Published 21 Jun, 2004 12:00am
CVT issue pushes KSE down

CVT issue pushes KSE down

The investors sold their holdings because of imposition of capital value tax, hurting their confidence, which unleashed a selling pressure and the daily volume during the past week was on the downhill course.
Published 21 Jun, 2004 12:00am
Badla rates swell to 14.1 percent

Badla rates swell to 14.1 percent

The average badla rate jumped to 14.1 percent on Friday, as compared to 7.6 percent last Friday over concern that the government to impose tax on earnings made through carry over transaction (CoT).
Published 21 Jun, 2004 12:00am
Badla rates swell to 14.1 percent

Badla rates swell to 14.1 percent

The average badla rate jumped to 14.1 percent on Friday, as compared to 7.6 percent last Friday over concern that the government to impose tax on earnings made through carry over transaction (CoT).
Published 21 Jun, 2004 12:00am
Resolution of disputes: taxpayers given alternative facility

Resolution of disputes: taxpayers given alternative facility

The government has announced new facilities for the taxpayers, who want to settle sales tax disputes under the Alternative Dispute Resolution mechanism, official sources told Business Recorder here on Sunday.
Published 21 Jun, 2004 12:00am
Resolution of disputes: taxpayers given alternative facility

Resolution of disputes: taxpayers given alternative facility

The government has announced new facilities for the taxpayers, who want to settle sales tax disputes under the Alternative Dispute Resolution mechanism, official sources told Business Recorder here on Sunday.
Published 21 Jun, 2004 12:00am
2003-04 inflation rate to touch 4.5 percent

2003-04 inflation rate to touch 4.5 percent

The rise in food prices will exceed government's target of inflation rate of 4 percent and might reach 4.5 percent by the end of current fiscal year.
Published 21 Jun, 2004 12:00am
2003-04 inflation rate to touch 4.5 percent

2003-04 inflation rate to touch 4.5 percent

The rise in food prices will exceed government's target of inflation rate of 4 percent and might reach 4.5 percent by the end of current fiscal year.
Published 21 Jun, 2004 12:00am
Israel eases border closure for some Gaza workers

Israel eases border closure for some Gaza workers

Israel reopened on Sunday a key Gaza crossing that is a gateway to coveted jobs in the Jewish state, but only a fraction of the usual Palestinian workforce was allowed to pass after a three-month closure.
Published 21 Jun, 2004 12:00am
Iraqi government to have legal custody of Saddam after June 30

Iraqi government to have legal custody of Saddam after June 30

Iraq will take legal custody of Saddam Hussein and nine other high-profile prisoners soon after the country gains sovereignty on June 30, but US-led jailers will continue to guard them, a coalition official said on Sunday.
Published 21 Jun, 2004 12:00am
Clinton offers his 'Life'; public wants Monica

Clinton offers his 'Life'; public wants Monica

Bill Clinton's long-awaited memoir, "My Life," goes on sale Tuesday, with its juiciest parts already leaked to the press and an early review by the New York Times that declares the book "eye-crossingly dull."
Published 21 Jun, 2004 12:00am
FTO allows withholding tax refund on power bill

FTO allows withholding tax refund on power bill

The Federal Tax Ombudsman (FTO) allowed refund of the withholding tax on Wapda electricity bills to another petrol pump owner on the plea he had no other source of income and that his tax liability has already been deducted by the supplier of petrol.
Published 21 Jun, 2004 12:00am
FTO allows withholding tax refund on power bill

FTO allows withholding tax refund on power bill

The Federal Tax Ombudsman (FTO) allowed refund of the withholding tax on Wapda electricity bills to another petrol pump owner on the plea he had no other source of income and that his tax liability has already been deducted by the supplier of petrol.
Published 21 Jun, 2004 12:00am
Picic to float Balanced Fund soon

Picic to float Balanced Fund soon

Pakistan Industrial Credit and Investment Corporation (Picic) will soon launch Picic Balanced Fund (PBF) worth Rs 1 billion, structured as closed-end scheme, sources said.
Published 21 Jun, 2004 12:00am
Picic to float Balanced Fund soon

Picic to float Balanced Fund soon

Pakistan Industrial Credit and Investment Corporation (Picic) will soon launch Picic Balanced Fund (PBF) worth Rs 1 billion, structured as closed-end scheme, sources said.
Published 21 Jun, 2004 12:00am
Picic to float Balanced Fund soon

Picic to float Balanced Fund soon

Pakistan Industrial Credit and Investment Corporation (Picic) will soon launch Picic Balanced Fund (PBF) worth Rs 1 billion, structured as closed-end scheme, sources said.
Published 21 Jun, 2004 12:00am
CBR to discuss budget projections on June 21

CBR to discuss budget projections on June 21

Central Board of Revenue Chairman Abdullah Yousuf will discuss tax projections for 2004-05 and amendments in the Finance Bill 2004 with the line members in a meeting to be held here on Monday, June 21.
Published 21 Jun, 2004 12:00am
CBR to discuss budget projections on June 21

CBR to discuss budget projections on June 21

Central Board of Revenue Chairman Abdullah Yousuf will discuss tax projections for 2004-05 and amendments in the Finance Bill 2004 with the line members in a meeting to be held here on Monday, June 21.
Published 21 Jun, 2004 12:00am
35 Nepalese die as bus falls into river

35 Nepalese die as bus falls into river

At least 35 people were presumed dead on Sunday as a bus plunged into a river in the mountains of western Nepal, police said.
Published 21 Jun, 2004 12:00am
35 Nepalese die as bus falls into river

35 Nepalese die as bus falls into river

At least 35 people were presumed dead on Sunday as a bus plunged into a river in the mountains of western Nepal, police said.
Published 21 Jun, 2004 12:00am
Quetta EPZ project lying in cold storage since 1996

Quetta EPZ project lying in cold storage since 1996

The project for establishing an export processing zone in Quetta is lying in the cold storage for the past eight years. Its feasibility report was prepared in 1996 and the local people had earmarked 186 acres land, but no visible progress has been made si
Published 21 Jun, 2004 12:00am
Quetta EPZ project lying in cold storage since 1996

Quetta EPZ project lying in cold storage since 1996

The project for establishing an export processing zone in Quetta is lying in the cold storage for the past eight years. Its feasibility report was prepared in 1996 and the local people had earmarked 186 acres land, but no visible progress has been made si
Published 21 Jun, 2004 12:00am
Musharraf and Karzai talk on phone

Musharraf and Karzai talk on phone

President General Pervez Musharraf and Afghan President Hamid Karzai on Sunday held a telephonic conversation.
Published 21 Jun, 2004 12:00am
Musharraf and Karzai talk on phone

Musharraf and Karzai talk on phone

President General Pervez Musharraf and Afghan President Hamid Karzai on Sunday held a telephonic conversation.
Published 21 Jun, 2004 12:00am
Refugee Day observed

Refugee Day observed

The refugee day was observed across the world on Sunday, including Pakistan.
Published 21 Jun, 2004 12:00am
Opposition terms Punjab budget 'anti-people'

Opposition terms Punjab budget 'anti-people'

The opposition benches criticised the Punjab budget terming it 'anti-people' in the first post-budget session of the Punjab Assembly here on Sunday.
Published 21 Jun, 2004 12:00am
ICMAP seminar: government hailed for presenting investor-friendly budget

ICMAP seminar: government hailed for presenting investor-friendly budget

Speakers at a post-budget seminar, organised by Institute of Cost & Management Accountants of Pakistan (ICMAP), eulogised the government for presenting 'an investors-friendly and growth-oriented budget' and stated that the structure imbalances in the coun
Published 21 Jun, 2004 12:00am
Smoking hazards: minister for launching mass awareness drive

Smoking hazards: minister for launching mass awareness drive

Punjab Health Minister Dr Tahir Ali Javed has said that there has been advocacy for the cause at the highest political level and involvement of all related sectors and line departments in HIV/AIDS prevention and control activities in addition to the healt
Published 21 Jun, 2004 12:00am
Sui airport attackers to be held soon: Faisal

Sui airport attackers to be held soon: Faisal

The Interior Minister Makhdoom Faisal Saleh Hayat has strongly condemned the act of terrorism at Sui airport. He said the attackers will soon be apprehended and brought to justice, and directed the Frontier Constabulary and Provincial authorities to beef
Published 21 Jun, 2004 12:00am
SMAA all praise for budget

SMAA all praise for budget

The Patron-in-chief of Sindh Motorcycle Assemblers Association (SMAA), Anwar Iqbal, has appreciated the budget 2004-05 and termed it as an outstanding budget for the country.
Published 21 Jun, 2004 12:00am
Amnesty for foreign militants renewed

Amnesty for foreign militants renewed

Authorities on Sunday renewed an amnesty offer to foreign militants hiding in the tribal region near the Afghan border as calm returned to the area following the killing of a renegade pro-Taleban tribal leader, officials said.
Published 21 Jun, 2004 12:00am
Leghari meets Shujaat and Pervaiz

Leghari meets Shujaat and Pervaiz

Farooq Ahmad Khan Leghari called on PML chief Shujaat Hussain and Punjab Chief Minister Pervaiz Elahi here on Sunday and discussed with them various issues relating to the party, national politics and economy.
Published 21 Jun, 2004 12:00am
Durrani vows to exploit resources for trade boost

Durrani vows to exploit resources for trade boost

NWFP Chief Minister Akram Khan Durrani has reiterated his resolve that his government will utilise all resources to promote trade, economic and investment activities in the province, and all the hurdles will be removed.
Published 21 Jun, 2004 12:00am
Weather forecast

Weather forecast

The meteorological department has forecast cloudy or partly cloudy and windy weather with maximum temperature of 34°C to 36°C in Karachi on Monday.
Published 21 Jun, 2004 12:00am
Paper godown gutted

Paper godown gutted

The paper stocks of Shalimar Paper Mills were burnt to ashes when a fire broke out in its godown near the Race Club, Kot Lakhpat here on Sunday.
Published 21 Jun, 2004 12:00am
Precautions vital to prevent hypertension: expert

Precautions vital to prevent hypertension: expert

Despite the fact that blood pressure is established to have a minimum 20 percent prevalence in urban centres and 15 percent in rural sectors of the country - locals are yet to realise that mere control of the same is not enough, but that precautions are r
Published 21 Jun, 2004 12:00am
Majlis-i-Amal to protect democratic system: Fazl

Majlis-i-Amal to protect democratic system: Fazl

Leader of the Opposition in National Assembly Maulana Fazlur Rehman has alleged that Mufti Nizamuddin Shamzai was assassinated in Karachi when he agreed to use his influence to resolve the Wana dispute.
Published 21 Jun, 2004 12:00am
'Certain ministers plotting against existing system'

'Certain ministers plotting against existing system'

Acting chief of Muttahida Majlis-i-Amal Qazi Hussain Ahmed said that ministers and advisors were plotting against the existing system and spreading rumours of in-house change in the country "but we would not let them damage the system and foil their desig
Published 21 Jun, 2004 12:00am
Chile keen to improve ties with Pakistan

Chile keen to improve ties with Pakistan

Government of Chile is keen to improve bilateral relations between Pakistan and Chile, particularly focusing commerce and tourism sector, said Recardo Fiegelist, Director General Consul Affairs, Chile.
Published 21 Jun, 2004 12:00am
Zafar named envoy to Algeria

Zafar named envoy to Algeria

The government of Pakistan announced the appointment of Zafarullah Shaikh as ambassador to the Peoples Democratic Republic of Algeria.
Published 21 Jun, 2004 12:00am
Rs 20 million offered for new LSE membership

Rs 20 million offered for new LSE membership

Lahore Stock Exchange (LSE) Chairman Syed Asim Zafar has said the LSE governing board has fixed Rs 20 million as minimum price for sale of a new membership of the Exchange.
Published 21 Jun, 2004 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 21 Jun, 2004 12:00am
INTERNATIONAL TENDERS

INTERNATIONAL TENDERS

Export Promotion Bureau has received the following International Tenders from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details of Tenders from the addresses given or from EPB Head Quarters and its Region
Published 21 Jun, 2004 12:00am
Government urged to exempt carpet input from duty

Government urged to exempt carpet input from duty

Pakistan Machine Made Carpet Manufacturers Association (PMMCMA) has demanded of the government and Central Board of Revenue (CBR) to exempt the raw material used by carpet industry from the import duty.
Published 21 Jun, 2004 12:00am
Violence mars trading on cotton market

Violence mars trading on cotton market

The sustained violence and volatile conditions in the city had firm grip over trading, cotton not being excluded, throughout the week, buyers lifting one or two bales when unavoidable.
Published 21 Jun, 2004 12:00am
Hearing against Faisal put off

Hearing against Faisal put off

An accountability court adjourned to July 10 the proceedings in a reference against Home Minister Syed Faisal Saleh Hayat after recording the statement of Investigating Officer Javed Shah.
Published 21 Jun, 2004 12:00am
Efforts on to get SMEs properly defined

Efforts on to get SMEs properly defined

A meeting of the managing committee of Union of Small and Medium Enterprises (Unisame) was held at Unisame House to consider the question of which is a small or medium enterprise. In this connection, a talk was given by Zulfikar Thaver, president of Unisa
Published 21 Jun, 2004 12:00am
LHC benches for this week

LHC benches for this week

As many as seven division benches and 21 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday, June 21.
Published 21 Jun, 2004 12:00am
Rahim rules out replacing Sindh governor

Rahim rules out replacing Sindh governor

Sindh Chief Minister Ghulam Rahim has ruled out any political crisis in Sindh or change of governor. However, he said that if the system failed to run smoothly, either the assembly would dismember or governor rule would became inevitable.
Published 21 Jun, 2004 12:00am
Crackdown on spurious drugs soon

Crackdown on spurious drugs soon

A special drive will be launched against the owners of various factories and sale points for manufacturing and selling of spurious drugs and sub-standard beverages in the district.
Published 21 Jun, 2004 12:00am
PLF won't celebrate Benazir Bhutto's birthday

PLF won't celebrate Benazir Bhutto's birthday

The People's Lawyers Forum (PLF) has cancelled birthday ceremony of Benazir Bhutto, which was scheduled to be held in the Lahore High Court premises on June 21.
Published 21 Jun, 2004 12:00am
Ellahi approves expansion of anti-corruption department

Ellahi approves expansion of anti-corruption department

Chief minister Punjab, Chaudhry Parvaiz Ellahi has accorded approval for expansion in Anti-Corruption Department and provision of required facilities and resources with a view to strengthening it for enabling it to effectively curb the corruption from the
Published 21 Jun, 2004 12:00am
Rs 11 million sanctioned for Gandhara museum

Rs 11 million sanctioned for Gandhara museum

The NWFP government has sanctioned Rs 11.104 million for the construction of Pushkalawati Museum at Charsadda district to preserve the antiquities of Gandhara period excavated from various ancient sites of the district, an official source told PPI.
Published 21 Jun, 2004 12:00am
PPP rally condemns Suhrawardy's murder

PPP rally condemns Suhrawardy's murder

PPP workers and activists, led by Senator Jehangir Badr, Khalid Ahmed Kharal and other party leaders, held a protest rally and demonstration outside the local Press Club on Sunday, to condemn the murder of Munawwar Suhrawardy.
Published 21 Jun, 2004 12:00am
Workshop to identify livestock sector problems on June 21

Workshop to identify livestock sector problems on June 21

Strengthening of Livestock Services Project (SLSP), a European Union and Government of Pakistan-funded nation-wide project, is holding a one-day workshop on 'identification of problems in livestock sector' on Monday, June 21.
Published 21 Jun, 2004 12:00am
Pakistani dental surgeon honoured

Pakistani dental surgeon honoured

Renowned Dental Surgeon and Orthodontist of Karachi, Dr Muhmood Shah has been elected Vice President (VP) of the prestigious Asia Pacific Dental Federation (APDF). The elections were held recently in Hong Kong at the APDF moot there.
Published 21 Jun, 2004 12:00am
Wapda to disconnect supply to defaulters

Wapda to disconnect supply to defaulters

Wapda after intensifying its on-going nation-wide door-to-door recovery drive has given go ahead to all chief executives of distribution companies across the country to disconnect the power supply of all defaulters without any discrimination forthwith.
Published 21 Jun, 2004 12:00am
AKRSP workshop opens on June 21

AKRSP workshop opens on June 21

A "Consultation Workshop for the Establishment of National Gender and Energy Network" organised by the Aga Khan Rural Support Programme (AKRSP) opens here on Monday.
Published 21 Jun, 2004 12:00am
RCCI highlights importance of SMEs

RCCI highlights importance of SMEs

Small and Medium Enterprises (SMEs) are playing a vital role in socio-economic uplift and betterment of the country, Rebuild Afghanistan Industrial Fair would help to boost this sector in the country besides enhancing export volume said Hussain Ahmed Ozge
Published 21 Jun, 2004 12:00am
Heavy downpour lashes Lahore

Heavy downpour lashes Lahore

Heavy downpour, accompanied by windstorm, lashed the provincial metropolis on Sunday morning providing respite from muggy weather but causing problems for motorists and residents of low-lying areas.
Published 21 Jun, 2004 12:00am
Sawag meeting on June 21

Sawag meeting on June 21

The first meeting of Saarc Autonomous Advocacy Group of Prominent Women Personalities (Sawag) would open here on June 21 at a local hotel.
Published 21 Jun, 2004 12:00am
Nilofer for facilitating election of women

Nilofer for facilitating election of women

Advisor to the Prime Minister and Nilofer Bakhtiar has urged the members of provincial legislature to facilitate the process of election of female councillors to the local government institution.
Published 21 Jun, 2004 12:00am
The Punjab Budget

The Punjab Budget

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak presented the provincial finance bill containing a budgetary outlay of Rs 180.021 billion in the Punjab Assembly on Thursday, showing some creditable initiatives on the part of the government.
Published 21 Jun, 2004 12:00am
The Punjab Budget

The Punjab Budget

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak presented the provincial finance bill containing a budgetary outlay of Rs 180.021 billion in the Punjab Assembly on Thursday, showing some creditable initiatives on the part of the government.
Published 21 Jun, 2004 12:00am
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