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Print - 2004-11-11
Assassination attempt condemned

Assassination attempt condemned

Pakistan has strongly condemned an assassination attempt on the life of Altaf Ahmad Shah, son-in-law of the prominent All Parties Hurriyat Conference (APHC) leader Syed Ali Shah Geelani. Spokesman of Foreign Office in a statement issued here on Wednesday
Published 11 Nov, 2004 12:00am
No discrimination in development funds: Prime Minister

No discrimination in development funds: Prime Minister

Prime Minister Shaukat Aziz said the government was not making any distinction between parliamentarians, whether belonging to treasury or opposition, in releasing of development funds for their respective areas. Prime Minister was talking to Minister for
Published 11 Nov, 2004 12:00am
AJK PPP chief hails dialogue process

AJK PPP chief hails dialogue process

AJK PPP chief and member Azad Jammu Kashmir Legislative Assembly Sahibzada Ishaq Zaffar has welcomed the ongoing composite dialogues between Pakistan and India to peacefully resolve all outstanding issues including the core issue of Indian occupied Kashmi
Published 11 Nov, 2004 12:00am
District government provides buildings to 73 schools: Nazim

District government provides buildings to 73 schools: Nazim

The district government has provided buildings to all the 73 schools in the rural areas, District Nazim Mian Naeem Javaid told newsmen here on Tuesday. He said there was no government school without its own building in any part of the district, adding the
Published 11 Nov, 2004 12:00am
Peshawar uplift schemes progress reviewed

Peshawar uplift schemes progress reviewed

NWFP Chief Secretary Ejaz Ahmad Qureshi on Wednesday reviewed the progress on developmental works being executed by CD&MD under Peshawar Development Authority in Peshawar. These included 'Surai Pul' project, Women and Children Hospital at the old GTS Road
Published 11 Nov, 2004 12:00am
Iranian Consul General calls on NWFP governor

Iranian Consul General calls on NWFP governor

Iran's Consul General Muhammad Hassan Imani called on NWFP Governor Lieutenant-General Syed Iftikhar Hussain Shah (Retd) at the Governor's House here on Monday. He was also accompanied by Iran's Deputy Consul General in Peshawar remained with the governor
Published 11 Nov, 2004 12:00am
Growers advised to plan tobacco crop as per target

Growers advised to plan tobacco crop as per target

Pakistan Tobacco Board (PTB) has announced remarkable increase in the projected requirements from tobacco crop of flue-cured Virginia, dark air-cured, white patta and Burley, said a hand out of the board issued here on Wednesday. It said the projected req
Published 11 Nov, 2004 12:00am
UN summit should serve aspirations of entire members: Munir

UN summit should serve aspirations of entire members: Munir

United Nations summit meeting, to be held in the fall of 2005, would serve to strengthen and unite the UN, reflecting the aspirations of the entire membership, rather than those of just the selected few and the powerful. Permanent Representative of Pakist
Published 11 Nov, 2004 12:00am
Telemetry system becomes operational

Telemetry system becomes operational

The telemetry system, which is expected to resolve water issues among provinces through accurate distribution and monitoring, has become operational throughout the country from Tuesday, says a press release issued by the Water and Power Ministry.
Published 11 Nov, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
LG to lay down WorldCALL's communication network

LG to lay down WorldCALL's communication network

South Korean giant LG Cable Limited has entered into an agreement with the WorldCALL Telecom Limited for laying down $15 million worth of high-speed communications network in the country. The South Korean giant would also export optic fibre cable at a cos
Published 11 Nov, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Pakistan 120th in human development report on rural women

Pakistan 120th in human development report on rural women

Pakistan ranks 120 among 144 countries in the human development report on rural women prepared by Gender Development Index (GDI) as women have limited access to productive resources and only a nominal role in important household decisions despite doing ma
Published 11 Nov, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Sale of Eid-related items down 20 percent

Sale of Eid-related items down 20 percent

There is a general decline of about 20 percent in the Eid-ul-Fitr related sales mainly due to tight money market and the unprecedented hike in prices of the items generally required for Eid.
Published 11 Nov, 2004 12:00am
SIUT seeks more funds from government

SIUT seeks more funds from government

The Sindh Institute of Urology and Transplantation (SIUT) might limit its operations if the flow of funds, which are already drying up, does not improve. This was stated while talking to the people managing the most important SIUT which provides free of c
Published 11 Nov, 2004 12:00am
Schools and colleges to close today

Schools and colleges to close today

The schools and colleges in the province shall remain closed on November 11 on account of 'Shab-e-Qadr.' Spokesman of Sindh government announced this here on Wednesday.
Published 11 Nov, 2004 12:00am
Police asked to check bus owners fleecing upcountry passengers

Police asked to check bus owners fleecing upcountry passengers

Sindh Minister for Labour, Transport, Industries and Commerce Muhammad Adil Siddiqui has instructed police to check highhandedness of the bus owners, who are fleecing passengers going to their homes for Eid celebrations. In his directive issued on Wednesd
Published 11 Nov, 2004 12:00am
Inter-ministerial body on cotton meets today

Inter-ministerial body on cotton meets today

The inter-ministerial committee on cotton will meet in Karachi on Thursday to review crop situation and its arrival at the ginneries. The ministers for commerce, industries and production and food and agriculture, who are also members of the committee, wo
Published 11 Nov, 2004 12:00am
Building of carryover dams recommended

Building of carryover dams recommended

The National Water Policy has recommended the legislation to formally allow use of water and fix its rates by issuing licences to industrial units. The policy strongly recommended the government that the concept of carry over water dams should be seriousl
Published 11 Nov, 2004 12:00am
Pakistan urges India to avoid disrupting arms balance

Pakistan urges India to avoid disrupting arms balance

Pakistan on Wednesday urged India to avoid disrupting conventional arms balance as it was against the quest for peace and security, being pursued by both the countries. Foreign Office spokesman Masood Khan was commenting on news reports of a 230 million U
Published 11 Nov, 2004 12:00am
Sales tax desk audit may continue

Sales tax desk audit may continue

The Central Board of Revenue (CBR) may continue desk audit of the units beyond six months in case the analysis of sales tax returns pertaining to this period gives the desired results. Official sources told Business Recorder on Wednesday that out o
Published 11 Nov, 2004 12:00am
National Assembly proceedings being conducted in impartial manner: Amir

National Assembly proceedings being conducted in impartial manner: Amir

National Assembly Speaker Chaudhry Amir Hussain has said that his role as a speaker has been impartial and he was conducting the assembly proceedings in an impartial manner, and if he acted otherwise half of the assembly members would have been out of the
Published 11 Nov, 2004 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
FBISE announces results of HSSC supplementary exams

FBISE announces results of HSSC supplementary exams

The Federal Board of Intermediate and Secondary Education (FBISE) has announced the result of Higher Secondary School Certificate Supplementary Examination (Part-II) 2004 with 39.22 pass percentage. The board, which has federal schools and colleges in its
Published 11 Nov, 2004 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
'ARD meeting after Eid to devise strategy against government'

'ARD meeting after Eid to devise strategy against government'

Chairman Alliance for the Restoration of Democracy, Makhdoom Amin Fahim on Wednesday announced to hold ARD meeting soon after Eid to devise strategy for launching anti-Musharraf movement jointly with Muttahida Majlis-i-Amal. He made the announcement while
Published 11 Nov, 2004 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Accord signed: Norway pledges Rs 4 million for youth welfare

Accord signed: Norway pledges Rs 4 million for youth welfare

National Youth Policy having best possible job opportunities for youth with comprehensive strategy for their involvement in sports, culture, and other fields will be announced on December 25 with one - year special action plan for youth development. This
Published 11 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
'Mini Marathon Race' to be organised in capital

'Mini Marathon Race' to be organised in capital

In a bid to promote sports activities among all age groups of the Federal Capital, the Islamabad Capital Territory (ICT) Administration has decided to organise 'Mini Marathon Race' on February 9, 2005. In this regard, Capital Development Authority (CDA) a
Published 11 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Hearing put off in reference against Faisal

Hearing put off in reference against Faisal

An accountability court Wednesday adjourned to November 30, the proceedings in a reference against Federal Minister Syed Faisal Saleh Hayat, as his statement could not be recorded. The accused minister appeared before the court for recording his statement
Published 11 Nov, 2004 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Shab-e-Qadr celebrated with fervour

Shab-e-Qadr celebrated with fervour

The faithful observed Shab-e-Qadr with religious fervour on Wednesday night across the country. Big congregations were held in which ulema and imams spoke about the significance of the Shab-e-Qadr.
Published 11 Nov, 2004 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Government vying for accelerated economic growth: Prime Minister

Government vying for accelerated economic growth: Prime Minister

Prime Minister Shaukat Aziz has said that his government is opting for accelerated economic growth after having achieved macro-economic stability based on sound fundamentals. In this connection, the Prime Minister disclosed that some new initiatives would
Published 11 Nov, 2004 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Government vying for accelerated economic growth: Prime Minister

Government vying for accelerated economic growth: Prime Minister

Prime Minister Shaukat Aziz has said that his government is opting for accelerated economic growth after having achieved macro-economic stability based on sound fundamentals. In this connection, the Prime Minister disclosed that some new initiatives would
Published 11 Nov, 2004 12:00am
Six-month treasury bills auction fetches Rs 2.4 billion

Six-month treasury bills auction fetches Rs 2.4 billion

The State Bank on Wednesday raised Rs 2.40 billion through auction of Treasury Bills of six months maturity. The State Bank had fixed a target of Rs 5 billion. However, it remained short of target but raised the cut-off yield by 60 basis points. The cut-o
Published 11 Nov, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Six-month treasury bills auction fetches Rs 2.4 billion

Six-month treasury bills auction fetches Rs 2.4 billion

The State Bank on Wednesday raised Rs 2.40 billion through auction of Treasury Bills of six months maturity. The State Bank had fixed a target of Rs 5 billion. However, it remained short of target but raised the cut-off yield by 60 basis points. The cut-o
Published 11 Nov, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 10, 2004).
Published 11 Nov, 2004 12:00am
Six-month treasury bills auction fetches Rs 2.4 billion

Six-month treasury bills auction fetches Rs 2.4 billion

The State Bank on Wednesday raised Rs 2.40 billion through auction of Treasury Bills of six months maturity. The State Bank had fixed a target of Rs 5 billion. However, it remained short of target but raised the cut-off yield by 60 basis points. The cut-o
Published 11 Nov, 2004 12:00am
TCP clarification

TCP clarification

The Trading Corporation of Pakistan has clarified a news item "TCP fails to make timely payments to ginners" appeared in Business Recorder on November 10. The TCP says: "The Corporation has received about 200,000 bales by November 8 at its Multan a
Published 11 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 Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
TCP clarification

TCP clarification

The Trading Corporation of Pakistan has clarified a news item "TCP fails to make timely payments to ginners" appeared in Business Recorder on November 10. The TCP says: "The Corporation has received about 200,000 bales by November 8 at its Multan a
Published 11 Nov, 2004 12:00am
Protests against rape continues in occupied Srinagar

Protests against rape continues in occupied Srinagar

Indian occupation police detained Mohammad Yasin Malik, head of the Jammu Kashmir Liberation Front and fired teargas shells to scatter protesters here on Wednesday, the fourth straight day of protests against the rape of a young girl and her mother by an
Published 11 Nov, 2004 12:00am
Protests against rape continues in occupied Srinagar

Protests against rape continues in occupied Srinagar

Indian occupation police detained Mohammad Yasin Malik, head of the Jammu Kashmir Liberation Front and fired teargas shells to scatter protesters here on Wednesday, the fourth straight day of protests against the rape of a young girl and her mother by an
Published 11 Nov, 2004 12:00am
Indian court bans Chinese-made globes

Indian court bans Chinese-made globes

The Delhi High Court on Wednesday banned import of Chinese-made toy globes of the world following complaints that they did not depict the disputed zone of Kashmir as part of India. The court ordered the Indian government to enforce the ban, which also ext
Published 11 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 Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Pakistani terror suspect held in Spain

Pakistani terror suspect held in Spain

Spanish police said they have arrested an 11th Pakistani suspect overnight in Barcelona for alleged membership in an terrorist group police said they had broken up in a September raid in the north-eastern city. Spanish judge Ismael Moreno ordered the oper
Published 11 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 Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
$11.25 million loss feared due to mishandling of quota

$11.25 million loss feared due to mishandling of quota

The country would suffer a loss of 11.25 million dollars in foreign exchange due to the mismanagement in quota handling by the Export Promotion Bureau (EPB). In addition to this, the exporters would lose Rs 15 million for not being able to make shipments
Published 11 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 Wednesday (November 10, 2004).

Published 11 Nov, 2004 12:00am
Lucents wins final approval on tax refund

Lucents wins final approval on tax refund

Lucent Technologies Inc, a maker of telecommunications equipment, on Wednesday said it received final approval on a tax agreement with the US Internal Revenue Service that will result in a tax refund of about $816 million, plus interest. Lucent, based in
Published 11 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 11 Nov, 2004 12:00am
Lucents wins final approval on tax refund

Lucents wins final approval on tax refund

Lucent Technologies Inc, a maker of telecommunications equipment, on Wednesday said it received final approval on a tax agreement with the US Internal Revenue Service that will result in a tax refund of about $816 million, plus interest. Lucent, based in
Published 11 Nov, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 11 Nov, 2004 12:00am
Bullion rates

Bullion rates

The bullion prices in major markets of the country on Wednesday.

Published 11 Nov, 2004 12:00am
Bullion rates

Bullion rates

The bullion prices in major markets of the country on Wednesday.

Published 11 Nov, 2004 12:00am
HRW wheat bids firmer in US Plains

HRW wheat bids firmer in US Plains

Hard red winter wheat basis bids were steady to firmer on Wednesday with nearby bushels still sought despite increased farmer selling, merchants said. "We're starting to see some cash movement, with the market inverting," said one Kansas merchant, referri
Published 11 Nov, 2004 12:00am
CDC announces reduction in tariff

CDC announces reduction in tariff

The Central Depository Company Limited (CDC) has announced reduction in the custody fee charged on shares (equity securities) from 0.035 per annum to 0.030 percent per annum, besides cutting down the security deposit to issuers by another 50 percent. Acco
Published 11 Nov, 2004 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Wednesday, tracking lower 380-cst fuel oil cargo values. Suppliers pegged 380-cst bunker fuel oil levels at $186-$188 a tonne, down $7 from Tuesday. Prices for the 180-cst grades were unchanged at $196-$198. "Although the v
Published 11 Nov, 2004 12:00am
HSBC increases its paid-up capital

HSBC increases its paid-up capital

Chief Executive Officer of HSBC, Pakistan, Guy Priestley, on Wednesday announced that the HSBC has increased the capital invested in Pakistan by 50 percent or Rs 500 million. The HSBC now has Rs 1.5 billion in capital, dedicated to the Pakistan market. Th
Published 11 Nov, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,920 tonnes of cargo including 52,306 tonnes import and 28,614 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 55,001 tonnes dry and 25,919 tonnes liquid cargo.
Published 11 Nov, 2004 12:00am
HSBC increases its paid-up capital

HSBC increases its paid-up capital

Chief Executive Officer of HSBC, Pakistan, Guy Priestley, on Wednesday announced that the HSBC has increased the capital invested in Pakistan by 50 percent or Rs 500 million. The HSBC now has Rs 1.5 billion in capital, dedicated to the Pakistan market. Th
Published 11 Nov, 2004 12:00am
Rains favour soya planting on Brazil's big Itamarati Farm

Rains favour soya planting on Brazil's big Itamarati Farm

Itamarati Farm, one of Brazil's largest single soyabean plantations in Mato Grosso state, has planted 63 percent of its estimated crop due to favourable rains, a technician said. "It's been raining hard about every three to four days and then clearing, wh
Published 11 Nov, 2004 12:00am
HSBC increases its paid-up capital

HSBC increases its paid-up capital

Chief Executive Officer of HSBC, Pakistan, Guy Priestley, on Wednesday announced that the HSBC has increased the capital invested in Pakistan by 50 percent or Rs 500 million. The HSBC now has Rs 1.5 billion in capital, dedicated to the Pakistan market. Th
Published 11 Nov, 2004 12:00am
Suez Canal traffic returns to normal

Suez Canal traffic returns to normal

Shipping in the Suez Canal returned to normal on Wednesday, a day after tugs moved a stranded oil tanker that caused the strategic waterway's longest stoppage in almost 30 years, a port official said. Shipping through the canal resumed on Tuesday after co
Published 11 Nov, 2004 12:00am
Pakistan and Norway agree to enhance trade, investment

Pakistan and Norway agree to enhance trade, investment

Pakistan and Norway have agreed to enhance trade and investment, with two sides reaching an understanding over a joint strategy in the next ministerial round on WTO. The issue was discussed during a meeting between Commerce Minister, Humayun Akhtar Khan a
Published 11 Nov, 2004 12:00am
Malaysian palm oil output down in October

Malaysian palm oil output down in October

Malaysia's crude palm oil output fell 8.46 percent to 1,362,323 tonnes in October from 1,488,215 tonnes in September, the government-run Malaysian Palm Oil Board (MPOB) said on Wednesday. In October 2003, output stood at 1,192,684 tonnes. Exports for last
Published 11 Nov, 2004 12:00am
Pakistan and Norway agree to enhance trade, investment

Pakistan and Norway agree to enhance trade, investment

Pakistan and Norway have agreed to enhance trade and investment, with two sides reaching an understanding over a joint strategy in the next ministerial round on WTO. The issue was discussed during a meeting between Commerce Minister, Humayun Akhtar Khan a
Published 11 Nov, 2004 12:00am