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Print - 2004-10-17
Over 1,200 Pakistanis return from Oman

Over 1,200 Pakistanis return from Oman

More than 1,200 Pakistanis deported from Oman for illegal entry arrived here on Saturday, many complaining of bad treatment at jails in the Gulf nation, immigration officials and rights activists said. The group was the latest in a stream of Pakistanis to
Published 17 Oct, 2004 12:00am
Congress wins polls in Maharashtra

Congress wins polls in Maharashtra

The ruling Congress party on Saturday claimed a victory in the state of Maharashtra which would boost the fortunes of Italian-born Sonia Gandhi's party and strengthen Prime Minister Manmohan Singh's minority national coalition. The vote in Maharashtra, In
Published 17 Oct, 2004 12:00am
Congress wins polls in Maharashtra

Congress wins polls in Maharashtra

The ruling Congress party on Saturday claimed a victory in the state of Maharashtra which would boost the fortunes of Italian-born Sonia Gandhi's party and strengthen Prime Minister Manmohan Singh's minority national coalition. The vote in Maharashtra, In
Published 17 Oct, 2004 12:00am
Australia's Telstra sale unlikely in 2005

Australia's Telstra sale unlikely in 2005

The Australian government is unlikely to offload its A$30 billion ($21 billion) stake in Telstra Corp Ltd next year as expected, Communications Minister Helen Coonan said on Saturday.
Published 17 Oct, 2004 12:00am
Australia's Telstra sale unlikely in 2005

Australia's Telstra sale unlikely in 2005

The Australian government is unlikely to offload its A$30 billion ($21 billion) stake in Telstra Corp Ltd next year as expected, Communications Minister Helen Coonan said on Saturday.
Published 17 Oct, 2004 12:00am
Pakistani Navy ships and submarine visit Iranian port

Pakistani Navy ships and submarine visit Iranian port

Four ships and a submarine of Pakistan Navy reached the Iranian port of Bandar Abbas on Friday as part of goodwill and training tour of Persian Gulf. The Iranian Naval authorities accorded warm reception to the fleet from Pakistan Navy, according to a fax
Published 17 Oct, 2004 12:00am
Pakistani Navy ships and submarine visit Iranian port

Pakistani Navy ships and submarine visit Iranian port

Four ships and a submarine of Pakistan Navy reached the Iranian port of Bandar Abbas on Friday as part of goodwill and training tour of Persian Gulf. The Iranian Naval authorities accorded warm reception to the fleet from Pakistan Navy, according to a fax
Published 17 Oct, 2004 12:00am
Karachi may face over 500mw power shortfall by 2006

Karachi may face over 500mw power shortfall by 2006

Karachi Electric Supply Corporation Managing Director Brigadier Tariq Saddozai has said that there would be acute power shortage in Karachi--of 394 megawatt during 2005 and about 506 megawatt in 2006--if remedial measure are not taken in time. He was maki
Published 17 Oct, 2004 12:00am
Karachi may face over 500mw power shortfall by 2006

Karachi may face over 500mw power shortfall by 2006

Karachi Electric Supply Corporation Managing Director Brigadier Tariq Saddozai has said that there would be acute power shortage in Karachi--of 394 megawatt during 2005 and about 506 megawatt in 2006--if remedial measure are not taken in time. He was maki
Published 17 Oct, 2004 12:00am
Seven killed in Afghan attacks

Seven killed in Afghan attacks

Seven people including two US soldiers died in explosions in Afghanistan, officials said on Saturday, as early results from historic elections gave President Hamid Karzai a strong lead over his rivals. Three rockets were also fired in the capital, injurin
Published 17 Oct, 2004 12:00am
Seven killed in Afghan attacks

Seven killed in Afghan attacks

Seven people including two US soldiers died in explosions in Afghanistan, officials said on Saturday, as early results from historic elections gave President Hamid Karzai a strong lead over his rivals. Three rockets were also fired in the capital, injurin
Published 17 Oct, 2004 12:00am
Six new wheat, sugarcane and cotton varieties approved

Six new wheat, sugarcane and cotton varieties approved

Sindh Seed Council has approved six new varieties of wheat, cotton and sugarcane for mass cultivation in the province. The meeting, presided over by Sindh Minister for Food and Agriculture and attended by Dr Badar of PCCC, Qadir Bux Baloch, Wheat Commissi
Published 17 Oct, 2004 12:00am
Six new wheat, sugarcane and cotton varieties approved

Six new wheat, sugarcane and cotton varieties approved

Sindh Seed Council has approved six new varieties of wheat, cotton and sugarcane for mass cultivation in the province. The meeting, presided over by Sindh Minister for Food and Agriculture and attended by Dr Badar of PCCC, Qadir Bux Baloch, Wheat Commissi
Published 17 Oct, 2004 12:00am
Membership of four KCA brokers cancelled

Membership of four KCA brokers cancelled

Karachi Cotton Association (KCA) has cancelled the membership of four of its brokers on the grounds of Director Trade Organisation (DTO) requirements and non-payment of fee and arrears. According to a KCA source here on Saturday Farooq Cotton Mills (Pvt)
Published 17 Oct, 2004 12:00am
Membership of four KCA brokers cancelled

Membership of four KCA brokers cancelled

Karachi Cotton Association (KCA) has cancelled the membership of four of its brokers on the grounds of Director Trade Organisation (DTO) requirements and non-payment of fee and arrears. According to a KCA source here on Saturday Farooq Cotton Mills (Pvt)
Published 17 Oct, 2004 12:00am
First urea shipment due in November

First urea shipment due in November

The first ship carrying 30,000 metric tons of imported urea from China will arrive at Port Qasim in the first week of November 2004. This was stated by the Chairman Trading Corporation of Pakistan (TCP) Syed Masood Alam Rizvi here on Saturday. "The first
Published 17 Oct, 2004 12:00am
First urea shipment due in November

First urea shipment due in November

The first ship carrying 30,000 metric tons of imported urea from China will arrive at Port Qasim in the first week of November 2004. This was stated by the Chairman Trading Corporation of Pakistan (TCP) Syed Masood Alam Rizvi here on Saturday. "The first
Published 17 Oct, 2004 12:00am
World trade touches $6.5 trillion mark

World trade touches $6.5 trillion mark

An international report made available here on Saturday said that the world-wide imports and exports each touched $6.5 trillion a year mark causing greater economic interdependence among nations.
Published 17 Oct, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Three hurt in Bannu bomb blast

Three hurt in Bannu bomb blast

Three persons were injured when a bomb planted in a rickshaw exploded near western side of Polo Ground here on Saturday. According to police, some terrorists planted an explosive device in an auto rickshaw parked near Polo Ground that exploded with a big
Published 17 Oct, 2004 12:00am
Three hurt in Bannu bomb blast

Three hurt in Bannu bomb blast

Three persons were injured when a bomb planted in a rickshaw exploded near western side of Polo Ground here on Saturday. According to police, some terrorists planted an explosive device in an auto rickshaw parked near Polo Ground that exploded with a big
Published 17 Oct, 2004 12:00am
Lahore Eastern Region tax returns up 30 percent

Lahore Eastern Region tax returns up 30 percent

The number of income tax returns received by Eastern Region by October 15 has jumped to 189,000, which is 30 percent higher than last year, when 132,000 returns were received. According to authorities in the Eastern Region, of the 189,000 tax returns, 39,
Published 17 Oct, 2004 12:00am
Lahore Eastern Region tax returns up 30 percent

Lahore Eastern Region tax returns up 30 percent

The number of income tax returns received by Eastern Region by October 15 has jumped to 189,000, which is 30 percent higher than last year, when 132,000 returns were received. According to authorities in the Eastern Region, of the 189,000 tax returns, 39,
Published 17 Oct, 2004 12:00am
China Netcom files $1.5 billion IPO with US SEC

China Netcom files $1.5 billion IPO with US SEC

China Netcom, the only unlisted company among China's four big telecoms operators, filed on Friday with the US Securities and Exchange Commission to raise as much as $1.5 billion in an initial public offering.
Published 17 Oct, 2004 12:00am
Blockbuster cuts online price

Blockbuster cuts online price

Video chain Blockbuster Inc on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc that sparked a stock a sell-off of both companies' shares.
Published 17 Oct, 2004 12:00am
Hewlett-Packard says no to Taiwan on China help

Hewlett-Packard says no to Taiwan on China help

Taiwan President Chen Shui-bian asked the visiting head of Hewlett-Packard Company to press China to open direct charter air links with the island, but the company said it had refused to become involved.
Published 17 Oct, 2004 12:00am
Turkey negotiating purchase of 350 German tanks

Turkey negotiating purchase of 350 German tanks

Unofficial talks on the sale of 350 German Leopard II tanks to Turkey have reached an advanced stage, said a report in a news magazine to appear Monday, in what could mark a decisive change in Germany's arms export policy.
Published 17 Oct, 2004 12:00am
Libyan premier says privatisation going well

Libyan premier says privatisation going well

Libya has already privatised dozens of firms as part of sweeping reforms and is offering some companies in the cement, steel and petrochemical sectors to foreigners, Libya's reformist prime minister said on Friday.
Published 17 Oct, 2004 12:00am
Russia says to check Yukos oil technology

Russia says to check Yukos oil technology

Russia's Resources Ministry will check whether embattled oil giant Yukos stuck to technologies when working on its deposits, Resources Minister Yuri Trutnev said on Saturday.
Published 17 Oct, 2004 12:00am
No chance of Chiron vaccine: US

No chance of Chiron vaccine: US

None of Chiron Corp's flu vaccine made at a British plant is safe, which means the US flu vaccine supply will be half of what was expected, US health officials said on Friday.
Published 17 Oct, 2004 12:00am
US insurance probe deepening

US insurance probe deepening

Top US life insurer MetLife Inc said on Friday it had received several subpoenas from New York Attorney General Eliot Spitzer, in a sign that a probe into alleged rigging of bids in exchange for fat fees in the insurance industry is widening.
Published 17 Oct, 2004 12:00am
Rocca arrives

Rocca arrives

US Assistant Secretary of State for South Asian Affairs Christina Rocca arrived here on Saturday to hold talks with Pakistani leaders on wide-ranging issues. She is expected to discuss with Pakistani leaders the situation in Afghanistan, Iraq, Pakistan-In
Published 17 Oct, 2004 12:00am
Rocca arrives

Rocca arrives

US Assistant Secretary of State for South Asian Affairs Christina Rocca arrived here on Saturday to hold talks with Pakistani leaders on wide-ranging issues. She is expected to discuss with Pakistani leaders the situation in Afghanistan, Iraq, Pakistan-In
Published 17 Oct, 2004 12:00am
Chinese team briefed on security plan

Chinese team briefed on security plan

Interior Minister Aftab Ahmad Khan Sherpao on Saturday said a comprehensive plan has been chalked out for the security of Chinese working across the country.
Published 17 Oct, 2004 12:00am
ARD and MMA join hands against 17th Amendment

ARD and MMA join hands against 17th Amendment

The Alliance for Restoration of Democracy (ARD) and the Muttahida Majlis-i-Amal (MMA) have agreed to join hands against the 17th Amendment, said ARD leader Nisar Ali Khan on Saturday. He said, "MMA has reviewed its stand on the amendment, as General Musha
Published 17 Oct, 2004 12:00am
ARD and MMA join hands against 17th Amendment

ARD and MMA join hands against 17th Amendment

The Alliance for Restoration of Democracy (ARD) and the Muttahida Majlis-i-Amal (MMA) have agreed to join hands against the 17th Amendment, said ARD leader Nisar Ali Khan on Saturday. He said, "MMA has reviewed its stand on the amendment, as General Musha
Published 17 Oct, 2004 12:00am
KESC seeks waiver of interest on Kanupp dues

KESC seeks waiver of interest on Kanupp dues

Karachi Electric Supply Corporation (KESC) has sought waiver of interest of Rs 161.860 million, claimed by Karachi Nuclear Power Plant (Kanupp), sources in Pakistan Atomic Energy Commission (PAEC) told Business Recorder. They said that the government had
Published 17 Oct, 2004 12:00am
KESC seeks waiver of interest on Kanupp dues

KESC seeks waiver of interest on Kanupp dues

Karachi Electric Supply Corporation (KESC) has sought waiver of interest of Rs 161.860 million, claimed by Karachi Nuclear Power Plant (Kanupp), sources in Pakistan Atomic Energy Commission (PAEC) told Business Recorder. They said that the government had
Published 17 Oct, 2004 12:00am
Commission to finalise review of uplift projects on October 23

Commission to finalise review of uplift projects on October 23

The Review Committee of the Planning Commission will finalise its quarterly review of the ongoing developmental schemes on October 23 to divert funds allocated in the Public Sector Development Programme (PSDP) 2004-05 from slow-moving projects towards the
Published 17 Oct, 2004 12:00am
Commission to finalise review of uplift projects on October 23

Commission to finalise review of uplift projects on October 23

The Review Committee of the Planning Commission will finalise its quarterly review of the ongoing developmental schemes on October 23 to divert funds allocated in the Public Sector Development Programme (PSDP) 2004-05 from slow-moving projects towards the
Published 17 Oct, 2004 12:00am
Livestock policy on the anvil

Livestock policy on the anvil

The government is formulating a national policy for developing livestock for poverty reduction, ensuring national food security and conserving natural environment, official sources told Business Recorder here on Saturday. They said that the Ministr
Published 17 Oct, 2004 12:00am
Livestock policy on the anvil

Livestock policy on the anvil

The government is formulating a national policy for developing livestock for poverty reduction, ensuring national food security and conserving natural environment, official sources told Business Recorder here on Saturday. They said that the Ministr
Published 17 Oct, 2004 12:00am
Work on Thar coal project likely to start within nine months

Work on Thar coal project likely to start within nine months

The Shinuha Group of China has pledged to try its best to start the coal mine work under $ 1 billion Thar coal project within 9 months after getting approval from the Chinese government, most likely in September 2005, but not later than November 2005.
Published 17 Oct, 2004 12:00am
Work on Thar coal project likely to start within nine months

Work on Thar coal project likely to start within nine months

The Shinuha Group of China has pledged to try its best to start the coal mine work under $ 1 billion Thar coal project within 9 months after getting approval from the Chinese government, most likely in September 2005, but not later than November 2005.
Published 17 Oct, 2004 12:00am
Over 1 million tax returns yield Rs 6.196 billion

Over 1 million tax returns yield Rs 6.196 billion

The Central Board of Revenue (CBR) has received total 1,092,062 income tax returns up to October 15, 2004, against 1,006,489 filed up to October 30, 2003, showing an increase of 8.5 percent. The amount of tax paid with the returns up to October 15 this ye
Published 17 Oct, 2004 12:00am
Over 1 million tax returns yield Rs 6.196 billion

Over 1 million tax returns yield Rs 6.196 billion

The Central Board of Revenue (CBR) has received total 1,092,062 income tax returns up to October 15, 2004, against 1,006,489 filed up to October 30, 2003, showing an increase of 8.5 percent. The amount of tax paid with the returns up to October 15 this ye
Published 17 Oct, 2004 12:00am
First quarter remittances increase by $16.61 million

First quarter remittances increase by $16.61 million

Pakistan received an amount of $ 963.15 million as expatriates' remittances during the first quarter of the current fiscal year from July to September 2004 showing an increase of $ 16.61 million, or 6.46 percent, over $ 906.46 million of the same period l
Published 17 Oct, 2004 12:00am
First quarter remittances increase by $16.61 million

First quarter remittances increase by $16.61 million

Pakistan received an amount of $ 963.15 million as expatriates' remittances during the first quarter of the current fiscal year from July to September 2004 showing an increase of $ 16.61 million, or 6.46 percent, over $ 906.46 million of the same period l
Published 17 Oct, 2004 12:00am
Al Qaeda using militants against Musharraf

Al Qaeda using militants against Musharraf

Osama bin Laden's al Qaeda appears to be using established militant groups and small cells for bloody attacks in Pakistan aimed at destabilising President Pervez Musharraf and thus the wider war on terror, analysts say.
Published 17 Oct, 2004 12:00am
Zarqawi's arrest in Iraq untrue: US army

Zarqawi's arrest in Iraq untrue: US army

The US military said on Saturday that reports that Jordanian militant Abu Musab al-Zarqawi had been detained in Iraq were not credible.
Published 17 Oct, 2004 12:00am
'400 million suffer from mental disorder'

'400 million suffer from mental disorder'

Dr Seema Pervaz, associate professor of National Institute of Psychology, has said that 400 million individuals in the world suffer from mental and neurological disorders, mental disorders represent more than 12 percent of the diseases.
Published 17 Oct, 2004 12:00am
FPCCI for making WTO-compliant industrial policy

FPCCI for making WTO-compliant industrial policy

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for making domestic industrial policy compliant to international trading laws of WTO.
Published 17 Oct, 2004 12:00am
Shaukat urges need for listing of new companies

Shaukat urges need for listing of new companies

Prime Minister Shaukat Aziz on Saturday said the government was providing an enabling and secure environment to people keen to invest in stock markets and urged regulators to be proactive and keep in view public interest. Speaking here at the launching of
Published 17 Oct, 2004 12:00am
Shaukat urges need for listing of new companies

Shaukat urges need for listing of new companies

Prime Minister Shaukat Aziz on Saturday said the government was providing an enabling and secure environment to people keen to invest in stock markets and urged regulators to be proactive and keep in view public interest. Speaking here at the launching of
Published 17 Oct, 2004 12:00am
High-level security to Chinese workers assured

High-level security to Chinese workers assured

Prime Minister Shaukat Aziz on Saturday assured the Chinese working on various projects in Pakistan to provide them high-level security so that they could carry out their work in a safe and peaceful environment. He was talking to Chinese Assistant Ministe
Published 17 Oct, 2004 12:00am
High-level security to Chinese workers assured

High-level security to Chinese workers assured

Prime Minister Shaukat Aziz on Saturday assured the Chinese working on various projects in Pakistan to provide them high-level security so that they could carry out their work in a safe and peaceful environment. He was talking to Chinese Assistant Ministe
Published 17 Oct, 2004 12:00am
The Weather

The Weather

The weather report on Saturday (October 16) and the forecast for Sunday (October 17, 2004).
Published 17 Oct, 2004 12:00am
Sindh sugar mills to start crushing from October 20

Sindh sugar mills to start crushing from October 20

Sugar mills in Sindh will start crushing from October 20. This was announced by Pakistan Sugar Mills Association at a meeting on Saturday here at the Chief Minister House which discussed the issue in detail.
Published 17 Oct, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Sindh sugar mills to start crushing from October 20

Sindh sugar mills to start crushing from October 20

Sugar mills in Sindh will start crushing from October 20. This was announced by Pakistan Sugar Mills Association at a meeting on Saturday here at the Chief Minister House which discussed the issue in detail.
Published 17 Oct, 2004 12:00am
4 US soldiers among 11 killed in Iraq clashes; blasts hit churches

4 US soldiers among 11 killed in Iraq clashes; blasts hit churches

Five churches in Baghdad were hit by bomb blasts on Saturday as the US military reported that four more American troops and a translator were killed in attacks elsewhere in Iraq. American and Iraqi troops were encircling the rebel hub of Fallujah west of
Published 17 Oct, 2004 12:00am
4 US soldiers among 11 killed in Iraq clashes; blasts hit churches

4 US soldiers among 11 killed in Iraq clashes; blasts hit churches

Five churches in Baghdad were hit by bomb blasts on Saturday as the US military reported that four more American troops and a translator were killed in attacks elsewhere in Iraq. American and Iraqi troops were encircling the rebel hub of Fallujah west of
Published 17 Oct, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 16, 2004).
Published 17 Oct, 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 Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 16, 2004).
Published 17 Oct, 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 Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
THE RUPEE: falling trend in open market

THE RUPEE: falling trend in open market

Declining trend was witnessed in the open market on Saturday as the rupee lost further five paisa against dollar for buying and selling at Rs 60.10 and Rs 60.20, moneychangers said.
Published 17 Oct, 2004 12:00am
THE RUPEE: falling trend in open market

THE RUPEE: falling trend in open market

Declining trend was witnessed in the open market on Saturday as the rupee lost further five paisa against dollar for buying and selling at Rs 60.10 and Rs 60.20, moneychangers said.
Published 17 Oct, 2004 12:00am
EFU managed funds rates

EFU managed funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday October 18, 2004.
Published 17 Oct, 2004 12:00am
EFU managed funds rates

EFU managed funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday October 18, 2004.
Published 17 Oct, 2004 12:00am
EFU managed funds rates

EFU managed funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday October 18, 2004.
Published 17 Oct, 2004 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 16, 2004).
Published 17 Oct, 2004 12:00am
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