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Print - 2004-08-24
Oil steadies after steep fall on failure to hit $50

Oil steadies after steep fall on failure to hit $50

US oil prices steadied on Monday after sliding sharply from record highs late last week but the tightening siege on rebels holed up in a shrine in Iraq heightened uncertainty in the market.
Published 24 Aug, 2004 12:00am
Oil price slides as Iraqi crude flows

Oil price slides as Iraqi crude flows

World oil prices skidded Monday as Iraq pumped oil through its southern pipelines and Russia vowed to step up exports, but analysts said the days of high prices were not yet over.
Published 24 Aug, 2004 12:00am
London sugar ends mixed

London sugar ends mixed

London white sugar futures closed mixed after a quiet session spent in a narrow range on Monday with the market dictated by New York, traders said.
Published 24 Aug, 2004 12:00am
Humayun calls on Punjab chief minister

Humayun calls on Punjab chief minister

Federal Commerce Minister, Humayun Akhtar called on Punjab Chief Minister Chaudhry Pervaiz Elahi at Chief Minister House here on Monday.
Published 24 Aug, 2004 12:00am
Rashid lauds Radio for bringing improvements

Rashid lauds Radio for bringing improvements

The Information Minister, Sheikh Rashid Ahmad has lauded the Radio Pakistan for bringing improvements in presentation of news and programmes over the past couple of years.
Published 24 Aug, 2004 12:00am
Two under-custody men burnt mysteriously in lock-up

Two under-custody men burnt mysteriously in lock-up

Two under-custody men were burnt mysteriously in the lock-up of Gizri police station on Monday morning. They had suffered 75 percent burns and were struggling for their lives in Civil Hospital.
Published 24 Aug, 2004 12:00am
Tibetans say Dalai Lama may not return in this life

Tibetans say Dalai Lama may not return in this life

It is 45 years since Tibet's god-king, the Dalai Lama, fled his homeland on horseback as Chinese shells rained down on his capital. Many Tibetans do not expect to see him again, or not in his current incarnation.
Published 24 Aug, 2004 12:00am
Arrest of Sales Tax auditor

Arrest of Sales Tax auditor

News has appeared in your newspapers that the National Accountability Bureau Sindh has arrested accused Shamim Ahmed Siddiqui a Senior Auditor of Sales Tax, Karachi on the charges of living beyond his means and accumulating assets beyond his sources of in
Published 24 Aug, 2004 12:00am
KESC's load-shedding

KESC's load-shedding

Last evening on Wednesday (August 11, 2004), electricity from Guru-mandir to the entire Soldier Bazar suffered a break down from 6.00 pm to 11.00 pm.
Published 24 Aug, 2004 12:00am
Ambulance workers brave new perils in Baghdad

Ambulance workers brave new perils in Baghdad

Half a dozen exhausted paramedics crowd around the television in their shabby lounge, watching a Kevin Spacey movie in Arabic and waiting for the next inevitable car bomb.
Published 24 Aug, 2004 12:00am
Islam, development and banking

Islam, development and banking

The subject "Islam and development" is so comprehensive that it is not possible to deal with all its pertinent aspects, tenets, doctrine and issues, in this brief article. It is, therefore, necessary to analyse only those issues, which are pertinent to th
Published 24 Aug, 2004 12:00am
An ambitious water conservation project

An ambitious water conservation project

Addressing a large gathering of growers and others at Tehsil Sadiqabad of district Rahimyar Khan on August 19 to mark inauguration of the Rs 66 billion countrywide water channels lining project, President Pervez Musharraf pointed out that its completion i
Published 24 Aug, 2004 12:00am
Confronting the interest rate issue

Confronting the interest rate issue

The state of indecision can be excruciating particularly when the arguments on both the sides are almost equally forceful. The State Bank was quite happy when the inflation was low, the external sector was performing exceedingly well and the interest rate
Published 24 Aug, 2004 12:00am
Monsoon tree plantation launched

Monsoon tree plantation launched

"Planting a tree is not enough to discharge the national responsibilities regarding the afforestation, but protection of these plants is necessary to give country a green shape," said Rawalpindi District Nazim Raja Tariq Mehboob Kiani here on Sunday eveni
Published 24 Aug, 2004 12:00am
SSUET to hold seminar

SSUET to hold seminar

Realising the importance of poverty alleviation from the country, Sir Syed University of Engineering and Technology (SSUET) has signed an agreement with the Pakistan Media Society, to organise a seminar on self-employment and career planning.
Published 24 Aug, 2004 12:00am
PPPP to launch protest drive against RCB

PPPP to launch protest drive against RCB

Member National Assembly and leader of Pakistan Peoples Party Parliamentarian (PPPP) Zamurad Khan said that his party had decided to launch a protest movement against the Rawalpindi Cantonment Board (RCB) for its failure in construction of Misreal Road.
Published 24 Aug, 2004 12:00am
BoK to generate over Rs 1 billion through 49 percent shares IPO

BoK to generate over Rs 1 billion through 49 percent shares IPO

Bank of Khyber (BoK) Managing Director Dr Munir Ahmed has said that the bank would generate over Rs 1 billion through its Initial Public Offering (IPO) for 49 percent shares to be put on sale through stock exchanges of the country.
Published 24 Aug, 2004 12:00am
BoK to generate over Rs 1 billion through 49 percent shares IPO

BoK to generate over Rs 1 billion through 49 percent shares IPO

Bank of Khyber (BoK) Managing Director Dr Munir Ahmed has said that the bank would generate over Rs 1 billion through its Initial Public Offering (IPO) for 49 percent shares to be put on sale through stock exchanges of the country.
Published 24 Aug, 2004 12:00am
Founders Group discusses candidature

Founders Group discusses candidature

'The Founders' of the Lahore Chamber of Commerce and Industry (LCCI) in its meeting held here Monday discussed candidatures of the candidates for Trade Group/Chamber/Associate Class for the coming elections.
Published 24 Aug, 2004 12:00am
Raheela conditionally supports Kalabagh dam

Raheela conditionally supports Kalabagh dam

Sindh Assembly Deputy Speaker and PML-Q leader Raheela Tiwana has conditionally supported construction of Kalabagh dam and said development of water resources is need of the hour, however if the creation of Kalabagh dam damage Sindh interests it will not
Published 24 Aug, 2004 12:00am
'WTO and Quality Management' seminar on August 26

'WTO and Quality Management' seminar on August 26

The Institute of Bankers Pakistan (IBP) and the Experts Advisory Cell (EAC), of the federal Industries and production ministry are jointly holding a seminar on 'WTO and Quality Management' on August 26, 2004 at Karachi.
Published 24 Aug, 2004 12:00am
Rs 770 million earmarked for road network in Fata

Rs 770 million earmarked for road network in Fata

A special development plan has been chalked out to improve the road network in the remote border areas of Fata. The project, costing Rs 770 million would be implemented by the Corps of Engineers of 11-Corps during two years period and under this plan 246
Published 24 Aug, 2004 12:00am
Speedy clearing up of POP dumps ordered

Speedy clearing up of POP dumps ordered

Adviser to Sindh Chief Minister on Environment and Alternative Energy, Noman Saigol, has issued instructions to the department to expedite implementation of the project on Persistent Organic Pollutants (POPs) enabling activity of Sindh component so that i
Published 24 Aug, 2004 12:00am
Malaysian trade team due on September 18

Malaysian trade team due on September 18

A trade delegation under the auspices of Islamic Chamber of Commerce and Industry (ICCI), Association of south-east Asian Nations (Asean) zone is planning to visit Pakistan from September 18 to 21.
Published 24 Aug, 2004 12:00am
Call for promoting Pak-India bilateral trade

Call for promoting Pak-India bilateral trade

Synthetic and Rayon Textiles Export Promotion Council of India Vice-Chairman Prem Malik has shown his consent with the proposal initiated by Lahore Chamber of Commerce and Industry (LCCI) President Mian Anjum Nisar that business associations of both count
Published 24 Aug, 2004 12:00am
Another package for Balochistan being prepared

Another package for Balochistan being prepared

The present government has been preparing another development package for Balochistan. This was stated by Chairman of the Senate Committee on Industry and Production Senator Akram Wali Muhammad.
Published 24 Aug, 2004 12:00am
Electronic market dacoity: IGP urged to arrest culprits

Electronic market dacoity: IGP urged to arrest culprits

Siraj Kassam Teli, president of Karachi Chamber of Commerce and Industry (KCCI), in a communication to Syed Kamal Shah, Inspector General of Police, Sindh, and Fayyaz Leghari, Deputy Inspector General of Police, while condemning the dacoity at the electro
Published 24 Aug, 2004 12:00am
LSE accepts request of Hamza Sugar

LSE accepts request of Hamza Sugar

The Lahore Stock Exchange (LSE) has accepted the request for de-listing of M/s Hamza Sugar Mills due to buyback of shares by the sponsors of the company at Rs 80 per share.
Published 24 Aug, 2004 12:00am
Pak-US Business Council team assured of US visit facility

Pak-US Business Council team assured of US visit facility

"The Commercial Section of the US Embassy, Islamabad, has assured of facilitating the visit of Pak-US Business Council delegation to America," said Pak-US Business Council Chairman Iftikhar Ali Malik.
Published 24 Aug, 2004 12:00am
CDGK mega projects hit snags

CDGK mega projects hit snags

Billions of rupees worth investment projects hit snags due to lack of any investment policy of the City District Government Karachi (CDGK).
Published 24 Aug, 2004 12:00am
The Weather

The Weather

The weather report on Monday (August 23) and the forecast for Tuesday (August 24, 2004).
Published 24 Aug, 2004 12:00am
Consumers facing hardship despite sugar glut

Consumers facing hardship despite sugar glut

Consumers are facing hardships due to a conflict between the government and the sugar millers due to increase in the price of sugar in spite of the fact that there is a glut of the commodity in the country.
Published 24 Aug, 2004 12:00am
Call for finalisation of bio-safety, ethical issues

Call for finalisation of bio-safety, ethical issues

At its concluding session, the first-ever National Conference on Bio-technology has called upon the Federal Government for immediate finalisation of biosafety and ethical issues and government-private sector collaboration for the development and productio
Published 24 Aug, 2004 12:00am
Uplift plan for Tharparkar soon: Shaukat

Uplift plan for Tharparkar soon: Shaukat

The government would announce a plan for the development of Tharparkar, which mainly would include schemes on health and education sector in addition to water supply and electricity provision.
Published 24 Aug, 2004 12:00am
Exporters urged to explore Indian markets

Exporters urged to explore Indian markets

A ten-member trade delegation from Synthetic and Rayon Textile Export Promotion Council Mumbai, India held a meeting with members of Pakistan Hosiery Manufacturers Association (PHMA) here on Monday and exchanged views to explore opportunities of mutual be
Published 24 Aug, 2004 12:00am
Relief good to be sent to Bangladesh

Relief good to be sent to Bangladesh

Pakistan would send flood relief assistance worth Rs 20 million for the brethren of Bangladesh who had been struck by the worst floods in last 15 years.
Published 24 Aug, 2004 12:00am
Customs agents problems to be solved at CSC

Customs agents problems to be solved at CSC

The Customs Collectorate (Appraisement) has taken steps to resolve day-to-day problem being faced by the Customs agents at Customers Service Centre (CSC).
Published 24 Aug, 2004 12:00am
Shaukat urged to announce relief package

Shaukat urged to announce relief package

The new Prime Minister Shaukat Aziz should immediately announce a relief package after assuming his office to provide relief to the people hard hit by price hike and unemployment.
Published 24 Aug, 2004 12:00am
Another video trial conducted

Another video trial conducted

Another video trial of a criminal case was conducted in the courtroom of district and sessions judge Lahore on Monday. However, the trial started about four hours late due to electricity failure.
Published 24 Aug, 2004 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.
Published 24 Aug, 2004 12:00am
Panel for watercourses projects

Panel for watercourses projects

The NWFP Chief Minister Akram Khan Durrani has formed a steering committee to be headed by Additional Chief Secretary Mir Laiq Shah for implementation of construction of watercourses in the province.
Published 24 Aug, 2004 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.
Published 24 Aug, 2004 12:00am
Key stock market movements at 1700 GMT on August 23

Key stock market movements at 1700 GMT on August 23

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 24 Aug, 2004 12:00am
All-out efforts for quality Atta at cheaper rates: Punjab chief minister

All-out efforts for quality Atta at cheaper rates: Punjab chief minister

Punjab Chief Minister, Chaudhry Pervaiz Elahi has said that the provincial government is making all out efforts to provide quality Atta at cheaper rates to the people, and a comprehensive strategy has also been evolved for further reducing the rates of At
Published 24 Aug, 2004 12:00am
Irrigation equipment introduced

Irrigation equipment introduced

A US firm "Volmont" and its Pakistani counterpart "Valley" had introduced a modern irrigation equipment which helped in saving water, said Alexandre Vion and Bill Fidler at a seminar organised by these companies in collaboration with Mango Growers Associa
Published 24 Aug, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
'Local bodies system be given under provinces'

'Local bodies system be given under provinces'

NWFP Chief Minister Akram Khan Durrani while supporting the local bodies system on Monday said that it should be given under the control of provincial governments.
Published 24 Aug, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Monday (August 23) and rates for Tuesday (August 24, 2004).
Published 24 Aug, 2004 12:00am
World PMS mathematics moot concludes

World PMS mathematics moot concludes

The three-day Fifth International Mathematics Conference organised by the Pakistan Mathematical Society (PMS) concluded here last Sunday night with speakers making suggestions for uplift and promotion of mathematics in Pakistan.
Published 24 Aug, 2004 12:00am
Bids for 'waste to energy project' may be opened in two days

Bids for 'waste to energy project' may be opened in two days

Bids for $150 million project 'Waste to Energy' are likely to be opened in next couple of days as three firms have submitted their bids with the City District Government Karachi (CDGK) on August 16, fixed in this regard.
Published 24 Aug, 2004 12:00am
JI congregation to strengthen democracy: Zafar

JI congregation to strengthen democracy: Zafar

The general congregation of Jamaat-e-Islami (JI) to be held at Minar-e-Pakistan Lahore from October 1-3 was aimed to strengthen democracy, said JI Deputy Secretary General Punjab Rao Zafar Iqbal here on Monday.
Published 24 Aug, 2004 12:00am
Terrorist's father detained for interrogation

Terrorist's father detained for interrogation

A heavy contingent of police and intelligence personnel raided at midnight the residence of Ghulam Mustafa in village 196/EB (Vehari), some 100km south-east of Multan, and arrested his father Abdul Rashid (65), a retired Beldar of the irrigation departmen
Published 24 Aug, 2004 12:00am
Directive to CDGL

Directive to CDGL

Punjab Ombudsman Abdur Rashid Khan has directed the City District Government, Lahore, to display 'No Parking' signboards on the roads where parking is prohibited for the convenience of the citizens.
Published 24 Aug, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Company being formed to handle affairs of irradiation plant

Company being formed to handle affairs of irradiation plant

The Pakistan Horticulture Development and Export Board (PHDEB) and the Pakistan Atomic Energy Commission (PAEC) will jointly form a company within one month to handle the affairs of the irradiation plant being set up at Lahore.
Published 24 Aug, 2004 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Payment of street lights' bill through meters

Payment of street lights' bill through meters

A meeting, chaired by DCO Karachi Mir Hussain Ali, on Monday decided to pay the electricity bills of street lights through meters and directed the Works & Services Department City District Government Karachi (CDGK) to install meters on street lights on ro
Published 24 Aug, 2004 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
EPB being made autonomous, says Tariq Ikram

EPB being made autonomous, says Tariq Ikram

More powers are being delegated to the Export Promotion Bureau (EPB) in a bid to enhance the country's exports, Chairman Export Promotion Bureau Tariq Ikram said on Monday.
Published 24 Aug, 2004 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Raid on Jamia Hafsa termed state terrorism

Raid on Jamia Hafsa termed state terrorism

Head of Jamia Hafsa Lal Masjid, Umme Salma has said that Jamia had never supported terrorist activities and its sole purpose was to impart Islamic education.
Published 24 Aug, 2004 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 23, 2004).
Published 24 Aug, 2004 12:00am
Kodak ranks third in Asia's top brands

Kodak ranks third in Asia's top brands

Kodak the world's leading photo imaging brand with a global presence in more than 100 countries and a world-wide market share of more than 60 percent ranks as the top-of-the-mind-share photography brand amongst Asian consumers.
Published 24 Aug, 2004 12:00am
Rashid urges masses to help curb terrorism

Rashid urges masses to help curb terrorism

Minister for Information and Broadcasting Sheikh Rashid Ahmed has urged the masses to co-operate with the government in its efforts to foil the nefarious designs of terrorists.
Published 24 Aug, 2004 12:00am