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Print - 2004-11-05
China denies report on workers' withdrawal

China denies report on workers' withdrawal

A spokeswoman of Chinese Foreign Ministry Zhang Qiyue has denied the press reports that China has withdrawn its workers from Pakistan. When asked to comment on such reports, she said, "The Chinese government did not decide to withdraw the Chinese personne
Published 05 Nov, 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 05 Nov, 2004 12:00am
Cotton arrivals show 62.09 percent increase

Cotton arrivals show 62.09 percent increase

Cotton arrivals recorded at the ginneries as on November 1 stood at 6.268 million bales against 4.142 million of the corresponding period last year, showing an increase of 62.09 percent. Arrival figures released by the Pakistan Cotton Ginners Association
Published 05 Nov, 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 (November 04, 2004).

Published 05 Nov, 2004 12:00am
Bullion rate

Bullion rate

Following are the bullion prices in major markets of the country on Thursday.

Published 05 Nov, 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 (November 04, 2004).

Published 05 Nov, 2004 12:00am
Bullion rate

Bullion rate

Following are the bullion prices in major markets of the country on Thursday.

Published 05 Nov, 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 (November 04, 2004).

Published 05 Nov, 2004 12:00am
Gas import by state-owned companies after 2010 may be opposed

Gas import by state-owned companies after 2010 may be opposed

The Planning Commission is likely to oppose the idea of importing gas by the state-owned gas companies after 2010 to meet the shortage in supply, as there are sufficient untapped reserves available in the country to meet increase in demand. However, in ca
Published 05 Nov, 2004 12:00am
Gas import by state-owned companies after 2010 may be opposed

Gas import by state-owned companies after 2010 may be opposed

The Planning Commission is likely to oppose the idea of importing gas by the state-owned gas companies after 2010 to meet the shortage in supply, as there are sufficient untapped reserves available in the country to meet increase in demand. However, in ca
Published 05 Nov, 2004 12:00am
Collectorates defy CBR advice to withdraw frivolous appeals

Collectorates defy CBR advice to withdraw frivolous appeals

The collectorates of Customs, Sales Tax, and Central Excise have refused to follow instructions of Central Board of Revenue (CBR) to withdraw frivolous appeals filed by the department against the business community. The regional collectorates have not yet
Published 05 Nov, 2004 12:00am
Collectorates defy CBR advice to withdraw frivolous appeals

Collectorates defy CBR advice to withdraw frivolous appeals

The collectorates of Customs, Sales Tax, and Central Excise have refused to follow instructions of Central Board of Revenue (CBR) to withdraw frivolous appeals filed by the department against the business community. The regional collectorates have not yet
Published 05 Nov, 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 (November 04, 2004).

Published 05 Nov, 2004 12:00am
Liquefied petroleum gas prices soar

Liquefied petroleum gas prices soar

The prices of Liquefied Petroleum Gas (LPG) have soared to an all-time high of Rs 48 per kilogram which are so far the highest price recorded in Pakistan. The users mostly owners of makeshift food stalls which emerge during Ramazan and other festivals and
Published 05 Nov, 2004 12:00am
Liquefied petroleum gas prices soar

Liquefied petroleum gas prices soar

The prices of Liquefied Petroleum Gas (LPG) have soared to an all-time high of Rs 48 per kilogram which are so far the highest price recorded in Pakistan. The users mostly owners of makeshift food stalls which emerge during Ramazan and other festivals and
Published 05 Nov, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 04, 2004).
Published 05 Nov, 2004 12:00am
ECC meets today, may ask TCP to import 1 million tons wheat

ECC meets today, may ask TCP to import 1 million tons wheat

The Economic Co-ordination Committee of the Cabinet is likely to ask the Trading Corporation of Pakistan to import one million tonnes of wheat at the lowest rate as per specification, an official of Commerce Ministry told Business Recorder. Prime M
Published 05 Nov, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
ECC meets today, may ask TCP to import 1 million tons wheat

ECC meets today, may ask TCP to import 1 million tons wheat

The Economic Co-ordination Committee of the Cabinet is likely to ask the Trading Corporation of Pakistan to import one million tonnes of wheat at the lowest rate as per specification, an official of Commerce Ministry told Business Recorder. Prime M
Published 05 Nov, 2004 12:00am
TCP asked to offload 50,000 tons sugar in market

TCP asked to offload 50,000 tons sugar in market

Unexpected surge in sugar prices has invited sharp reaction from the federal government, which has directed the Trading Corporation of Pakistan (TCP) to immediately offload 50,000 tonnes sugar in the market to pull down commodity prices at the last week's
Published 05 Nov, 2004 12:00am
TCP asked to offload 50,000 tons sugar in market

TCP asked to offload 50,000 tons sugar in market

Unexpected surge in sugar prices has invited sharp reaction from the federal government, which has directed the Trading Corporation of Pakistan (TCP) to immediately offload 50,000 tonnes sugar in the market to pull down commodity prices at the last week's
Published 05 Nov, 2004 12:00am
Three hurt in Gwadar blasts

Three hurt in Gwadar blasts

Three people were wounded, two seriously, in three explosions in Gwadar on Thursday. Three explosions occurred at B&R office premises in Gwadar. First explosion took place at 8.40 pm, another at 8.48 pm and the third at 9.35 pm. Three people, Saleem, Akht
Published 05 Nov, 2004 12:00am
Three hurt in Gwadar blasts

Three hurt in Gwadar blasts

Three people were wounded, two seriously, in three explosions in Gwadar on Thursday. Three explosions occurred at B&R office premises in Gwadar. First explosion took place at 8.40 pm, another at 8.48 pm and the third at 9.35 pm. Three people, Saleem, Akht
Published 05 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
Altaf offers to play role to improve Pak-India ties

Altaf offers to play role to improve Pak-India ties

Founder leader of Muttahida Qaumi Movement (MQM) Altaf Hussain has offered to play his role in improving relations between India and Pakistan and called for a meaningful partnership between the two neighbours. He was talking to newsmen on arrival in New D
Published 05 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
President has not taken decision on Kashmir: ISPR DG

President has not taken decision on Kashmir: ISPR DG

Inter Services Public Relations (ISPR) Director General Major General Shaukat Sultan on Thursday made it clear that President General Pervez Musharraf neither gave any proposal or option nor made any decision regarding resolution of the Kashmir issue.
Published 05 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
Prime Minister calls tour of Saarc states successful

Prime Minister calls tour of Saarc states successful

Prime Minister Shaukat Aziz on Thursday said his four-day visit to three Saarc member countries has further improved Pakistan's image as an enlightened, moderate and dynamic country. Talking to newsmen aboard his special plane, on his way back from Dhaka
Published 05 Nov, 2004 12:00am
Wapda earns Rs 60 billion in first quarter: Tariq

Wapda earns Rs 60 billion in first quarter: Tariq

Water and Power Development Authority (Wapda) has earned Rs 60 billion during the first quarter of the current fiscal, which is above the target. Wapda Chairman Tariq Hamid told newsmen at an Iftar reception here on Thursday that Wapda is confident to ach
Published 05 Nov, 2004 12:00am
Wapda earns Rs 60 billion in first quarter: Tariq

Wapda earns Rs 60 billion in first quarter: Tariq

Water and Power Development Authority (Wapda) has earned Rs 60 billion during the first quarter of the current fiscal, which is above the target. Wapda Chairman Tariq Hamid told newsmen at an Iftar reception here on Thursday that Wapda is confident to ach
Published 05 Nov, 2004 12:00am
LTU refunds Rs 3 million to SSGC

LTU refunds Rs 3 million to SSGC

The Large Taxpayer Unit (LTU) has refunded rupees three million to the Sui Southern Gas Company (SSGC) and declared that there was no liability against the company since 1998.
Published 05 Nov, 2004 12:00am
Minister assures opening of committee chowk before Eid

Minister assures opening of committee chowk before Eid

To resolve the problems of the general public at their doorstep are main aim of the Punjab Government and reason of introducing new Local Government System in the country, said Muhammad Basharat Raja, Punjab Minister for Local Government and Law here on T
Published 05 Nov, 2004 12:00am
Directive to set up Sasta Bazar

Directive to set up Sasta Bazar

Punjab Minister for Tourism Mian Muhammad Aslam Iqbal has directed the chairman market committee to convert Kot Lakhpat Vegetable Market into 'Sasta Bazaar' and also announced to give Itwar Bazaar allowance to the market committee's guards. The minister s
Published 05 Nov, 2004 12:00am
Narowal DPO asked to redress petitioner's grievances

Narowal DPO asked to redress petitioner's grievances

The Lahore High Court (LHC) on Thursday directed the District Police Officer (DPO) Narowal to redress the grievance of the petitioner Rana Safdar and got registered an FIR against the respondent police officials who arrested and tortured his son illegally
Published 05 Nov, 2004 12:00am
Technical Education to be promoted: minister

Technical Education to be promoted: minister

Federal Education Minister Javed Ashraf Qazi has said that the government would promote technical education throughout the country in order to reduce skill gap among youths. He said this while inaugurating the Readers Club Scheme, reintroduced by the Nati
Published 05 Nov, 2004 12:00am
Incentives for gemstones industry pledged

Incentives for gemstones industry pledged

All resources would be utilised for the development of gemstones industry and special incentives would be given to the people belonging to this industry so that export of gemstones could be increased. Punjab Mines and Minerals Minister Muhammad Sibtain Kh
Published 05 Nov, 2004 12:00am
Iran seeks experts for CNG plan implementation

Iran seeks experts for CNG plan implementation

Iran needs 8,500 technical experts for the implementation of their first phase of Compressed Natural Gas (CNG) plan worth of $8 billion. Tehran has planned to convert 800,000 vehicles and setting up of 500 CNG station across Iran. Pak-Iran Joint Cooperati
Published 05 Nov, 2004 12:00am
PPP threatens movement against Zardari detention

PPP threatens movement against Zardari detention

The Pakistan People's Party (PPP) on Thursday threatened to launch a 'mass movement' against what it termed the 'illegal and immoral' detention of former senator Asif Ali Zardari and demanded of the government to release him immediately. The party leaders
Published 05 Nov, 2004 12:00am
'Judicial system to be overhauled'

'Judicial system to be overhauled'

Minister for Law, Justice and Human Rights Muhammad Wasi Zafar has said country's Judicial system will be reviewed to provide cheap and easy justice to people. Initiative has been taken to introduce amendments in laws by addressing certain clauses creatin
Published 05 Nov, 2004 12:00am
PQA chairman repatriated to Navy

PQA chairman repatriated to Navy

Vice Admiral Taj Muhammad Khattak, presently posted as Chairman Port Qasim Authority, under the Ministry of Ports and Shipping has been repatriated to his parent organisation Pakistan Navy, with immediate effect and until further orders, says an official
Published 05 Nov, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
Regulatory body to streamline private institutes planned

Regulatory body to streamline private institutes planned

The government is planning to constitute a regulatory body for streamlining private educational institutions in the federal capital fulfilling all necessary requirements like charging of fees, qualification of teachers, etc. Official sources informed B
Published 05 Nov, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
Sindh chief minister calls on Pir Pagaro

Sindh chief minister calls on Pir Pagaro

Sindh Chief Minister Dr Arbab Ghulam Rahim called on Pakistan Muslim League veteran leader Pir Sahib Pagaro at Kingri House here on Thursday and discussed different matters and political situation with him.
Published 05 Nov, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
Survey of dangerous roundabouts ordered

Survey of dangerous roundabouts ordered

Sindh Governor Ishratul Ibad on Thursday directed traffic police officials to initiate survey of dangerous roundabouts, intersections and roads where most of the fatal traffic accidents take place in the city and asked for taking immediate measures for im
Published 05 Nov, 2004 12:00am
Karachi Northern Bypass opening on November 8

Karachi Northern Bypass opening on November 8

The Karachi Northern Bypass costing Rs 2.928 billion will be inaugurated on November 8 (Monday). Sindh Governor Dr Ishratul Ibad and Communication Minister Shamim Siddiqui will be the chief guests on the occasion, Business Recorder learnt here on T
Published 05 Nov, 2004 12:00am
SKMCH activities to improve medical care standard

SKMCH activities to improve medical care standard

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH) has been imparting medical education as an integral part of its vision to train healthcare professionals who can help improve the standard of medical care in Pakistan. SKMCH was also a po
Published 05 Nov, 2004 12:00am
Corps Commander visits DHA offices

Corps Commander visits DHA offices

The Defence Housing Authority (DHA) Executive Board President and Commander, Five Corps, Lieutenant General Syed Athar Ali, visited the offices of the DHA for the first time on Thursday. He was received by DHA Administrator, Brigadier Maqsood Hussain. Lat
Published 05 Nov, 2004 12:00am
Privatisation policy: government urged to protect consumer interest

Privatisation policy: government urged to protect consumer interest

President Sindh Abadgar Board Abdul Majid Nizamani lauding the government policy of deregulation and privatisation pointed out that in volatile market especially in conditions where competition is not perfect, the government should safeguard the interest
Published 05 Nov, 2004 12:00am
Sindh transfers and postings

Sindh transfers and postings

The Sindh government has ordered transfers and posting of a number of officers. According to an official notification Nadir Ali Markhiani, an officer of Secretariat Group (BS-20), Secretary Education and Literacy Department has been transferred and posted
Published 05 Nov, 2004 12:00am
Workshop on Speed-reading held

Workshop on Speed-reading held

Speed-reading is not the only way of reading but this is a good and very important way by which a person can get more things in less time. This was stated by Syed Kamran Sultan, a licensed trainer and master practitioner of Neuro-Linguistic Programming (N
Published 05 Nov, 2004 12:00am
Chief Justice urged to take notice of Zardari's punishment

Chief Justice urged to take notice of Zardari's punishment

Former Federal Minister Khalid Ahmed Kharal and Munir Ahmed Khan leaders of Pakistan Peoples Party Parliamentarians (PPPP) addressing a joint press conference here on Thursday have reacted sharply over eight-year imprisonment awarded to former Senator Asi
Published 05 Nov, 2004 12:00am
Bodies formed for next LB polls

Bodies formed for next LB polls

Sindh Chief Minister Dr Arbab Ghulam Rahim, who also heads Pakistan Muslim League (PML) Sindh Chapter, on Thursday constituted two committees to devise a comprehensive strategy for contesting next local bodies elections in the province.
Published 05 Nov, 2004 12:00am
Maleeha hosts Iftar

Maleeha hosts Iftar

Pakistan High Commissioner to Britain Dr Maleeha Lodhi hosted a farewell Iftar-cum-dinner for the outgoing Minister Press Javed Akhtar at Pakistan High Commission here late Wednesday. In her brief remarks on the occasion, she praised Javed Akhtar for his
Published 05 Nov, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Nov, 2004 12:00am
Sindh University vice chancellor off to Germany

Sindh University vice chancellor off to Germany

Sindh University vice chancellor Mazharul Haq Siddiqui left for Germany to attend two-day conference on "Achieving the Millennium Development Goals - a challenge for global higher education" scheduled to be held on November 3 and 4, at Berlin, Germany. Th
Published 05 Nov, 2004 12:00am
Sindh government declares Iqbal Day as holiday

Sindh government declares Iqbal Day as holiday

The Sindh government has declared Tuesday, November 9, as holiday across the province in connection with the Iqbal Day as all offices, autonomous, semi-autonomous bodies, corporations and local councils under administrative control of the provincial gover
Published 05 Nov, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (November 04, 2004).

Published 05 Nov, 2004 12:00am
Prime Minister's visit to Saarc nations to boost economy: RCCI

Prime Minister's visit to Saarc nations to boost economy: RCCI

The visit of Prime Minister Shaukat Aziz to three member countries of the South Asian Association of Regional Cooperation (Saarc) is success and a moral booster for economic indicators of the region, said Rawalpindi Chamber of Commerce and Industry (RCCI)
Published 05 Nov, 2004 12:00am
Traffic routes notified for Youm-e-Ali (RA) procession

Traffic routes notified for Youm-e-Ali (RA) procession

The city police have announced traffic arrangement for Friday when Youm-e-Ali (RA) procession would be taken out from Nishtar Park here which after marching through its traditional routes would culminate at the Husanian Iranian Imambara. According
Published 05 Nov, 2004 12:00am
Hearing adjourned in case questioning quality premium on sugar

Hearing adjourned in case questioning quality premium on sugar

A hearing into the 11 appeals from the sugar mills of Sindh against the rejection of their constitutional petition by the provincial high court "was left over to a new date" in the Supreme Court here on Thursday as cases listed before ran through the clos
Published 05 Nov, 2004 12:00am
Task force to evolve strategy to enter into EU market

Task force to evolve strategy to enter into EU market

The Ministry of Commerce (MoC) has set up a task force to formulate a strategy for market access in the European Union (EU) and to benefit from zero percent duty in the new Generalised System of Preference (GSP) scheme.
Published 05 Nov, 2004 12:00am
Government steps push essential items' prices down

Government steps push essential items' prices down

The prices of fruits and vegetables have started showing falling trend in Ramazan following the price control measures taken by the government, a survey conducted after visits of several weekly bazars in the city on Tuesday and Wednesday. Buyers were almo
Published 05 Nov, 2004 12:00am
Naimat asked to appear before LG Commission on November 16

Naimat asked to appear before LG Commission on November 16

The Sindh Local Government (LG) Commission has asked the City Nazim to appear before it in person along with all relevant record on November 16 in connection with the failure to withdraw his notifications regarding defunct Malir and Lyari Development Auth
Published 05 Nov, 2004 12:00am
An opportunity for Bush to start anew

An opportunity for Bush to start anew

No US presidential election in recent history was so fiercely contested and keenly watched by the rest of the world as the one on Tuesday that gave George W. Bush a second term in office. It proved to be just as close a contest between the President and h
Published 05 Nov, 2004 12:00am
Bail confirmed

Bail confirmed

Lahore High Court (LHC) confirmed the bail of Nankana Bar Association President Rana Ali Asghar and other office-bearers of the association. The district government had issued their detention orders under section 03 of Maintenance of Public Order (MPO).
Published 05 Nov, 2004 12:00am
PLF to hold camp for Zardari's release

PLF to hold camp for Zardari's release

People Lawyers Forum (PLF) will hold a camp in the district court premises against the detention of Asif Ali Zardari former senator and husband of former Prime Minister Ms. Benazir Bhutto. The PLF has taken this decision after completion of eight years of
Published 05 Nov, 2004 12:00am
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