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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-11-22
US stocks: focus shifts to dollar and rates

US stocks: focus shifts to dollar and rates

The post-election stock market rally has been rudely interrupted by the implications of a sliding US dollar, higher interest rates, the US current account deficit and Friday's rebound in oil prices. This week's stock markets could be affected by any hints
Published 22 Nov, 2004 12:00am
RoK workers protest labour reform bill

RoK workers protest labour reform bill

Tens of thousands of workers rallied and marched in the nation's capital Sunday to protest a controversial reform bill designed to curb union militancy and secure labour flexibility. Some 25,000 members from the Federation of Korean Trade Unions, the coun
Published 22 Nov, 2004 12:00am
UAE to help keep oil market stable: minister

UAE to help keep oil market stable: minister

The United Arab Emirates' new energy minister, Mohammed al-Hamili, vowed on Sunday to stick with the Gulf Opec producer's policy of supplying enough crude oil to help ensure market stability. "The UAE's oil policy will continue unchanged," Hamili told rep
Published 22 Nov, 2004 12:00am
G7, Korea and Australia agree recent foreign exchange moves rapid: Japan

G7, Korea and Australia agree recent foreign exchange moves rapid: Japan

The Group of Seven nations, Korea and Australia share the view recent currency moves have been rapid, a Japanese finance ministry official said on Sunday, adding Japan will act on foreign exchange when needed. Speaking to reporters after a two-day summit
Published 22 Nov, 2004 12:00am
Paris Club agrees to cancel 80 percent of Iraqi debt

Paris Club agrees to cancel 80 percent of Iraqi debt

The Paris Club of creditor nations agreed on Sunday to cancel 80 percent of the debt Iraq owes its members, ending a transatlantic dispute and probably setting the framework for debt pardons from other creditors. A Paris Club source said the deal worth ab
Published 22 Nov, 2004 12:00am
G20 calls for US deficit cuts, Asia forex flexibility

G20 calls for US deficit cuts, Asia forex flexibility

The Group of 20 finance chiefs of the world's leading economies on Sunday called for US deficit cuts and more foreign exchange flexibility in Asia, but were silent on the delicate issue of the weak dollar. Wrapping up a weekend meeting here, the G20 finan
Published 22 Nov, 2004 12:00am
Amtrak in another hole with $1.3 billion operating loss

Amtrak in another hole with $1.3 billion operating loss

Amtrak is in another financial hole after posting a $1.3 billion operating loss last fiscal year and again receiving far less than it requested in federal subsidies, an influential transportation watchdog said on Sunday. The Transportation Department's in
Published 22 Nov, 2004 12:00am
End to Japanese tax cuts hinges on economy: Takenaka

End to Japanese tax cuts hinges on economy: Takenaka

Cloudy economic conditions could hamper Japan's efforts to raise taxes, Japanese Economics Minister Heizo Takenaka said on Sunday. "It cannot be done on fiscal tightening theory alone. It must be done in line with economic conditions," Takenaka said on a
Published 22 Nov, 2004 12:00am
Indian Prime Minister calls for widening of trade with Southeast Asia

Indian Prime Minister calls for widening of trade with Southeast Asia

Indian Prime Minister Manmohan Singh said Sunday the country's remote north-east, home to some 30 rebel groups and racked by violence, could become a gateway to increased trade with Southeast Asia. Singh, on the second leg of a three-day visit to the regi
Published 22 Nov, 2004 12:00am
Merger, take-over talk stalks European banking

Merger, take-over talk stalks European banking

European banking seems to be heading for the rough waters of merger and take-over activity. Spanish bank Banco Santander Central Hispano (SCH) completed the process of taking over the British home-loan bank Abbey National on November 12 and last week it e
Published 22 Nov, 2004 12:00am
US Congress passes $388 billion spending bill

US Congress passes $388 billion spending bill

The US Congress on Saturday passed a $388 billion package financing government programs in this fiscal year after days of battling over spending cuts and priorities for programs including foreign aid, energy and a presidential yacht. The Senate voted 65-3
Published 22 Nov, 2004 12:00am
Egypt closes Mediterranean ports in bad weather

Egypt closes Mediterranean ports in bad weather

High waves and strong winds forced Egypt to close the ports of Alexandria and Dikhela on its Mediterranean coast on Sunday, port authorities said. It was the second time in four days that bad weather had closed the ports.
Published 22 Nov, 2004 12:00am
Etisalat-led group says wins Sudan phone licence

Etisalat-led group says wins Sudan phone licence

A consortium led by the UAE's Etisalat won a 45 million euro ($58.6 million) licence to operate Sudan's second fixed-line phone service, Etisalat said on Sunday. "The National Telecommunication Commission, Sudan's regulatory authority, confirmed midweek t
Published 22 Nov, 2004 12:00am
LG Electronics to triple handset output in Brazil by 2007

LG Electronics to triple handset output in Brazil by 2007

LG Electronics Inc, the world's sixth-largest cell phone maker, said on Sunday it would triple its handset output in Brazil to take advantage of a market in which it expects sales to quickly double. The company will raise the annual output of mobile phone
Published 22 Nov, 2004 12:00am
US Congress lifts ban on loans to Libya

US Congress lifts ban on loans to Libya

The US Congress on Saturday approved a measure lifting a ban on US Export-Import Bank loans to Libya, a move that could help American companies invest in the oil-rich country. Major Western oil companies are interested in investing in Libya's energy secto
Published 22 Nov, 2004 12:00am
Iranian's three wives attempt suicide after row

Iranian's three wives attempt suicide after row

All three wives of a 67-year-old Iranian man took overdoses in an unsuccessful triple suicide attempt after the youngest wife bought an expensive pair of boots, a news agency reported on Sunday. "My two other wives were very jealous after my 27-year-old w
Published 22 Nov, 2004 12:00am
Bush to renew intelligence reform pressure on Congress

Bush to renew intelligence reform pressure on Congress

US President George W. Bush will renew pressure on Congress to reach agreement on intelligence reforms this year, after a weekend deal collapsed in the face of Republican opposition, the White House said on Sunday. "It remains a high priority for the pres
Published 22 Nov, 2004 12:00am
Bahrain rights activist pardoned

Bahrain rights activist pardoned

A Bahrain human rights activist, who was on Sunday jailed for one year on a charge of inciting hatred against the regime, has been pardoned on the same day by King Hamad bin Issa al-Khalifa, an official said. Abdul Hadi al-Khawaja, vice president of the B
Published 22 Nov, 2004 12:00am
Death in custody of Afghan kidnapping suspect probed

Death in custody of Afghan kidnapping suspect probed

A man suspected of involvement in the abduction of three UN workers in Afghanistan died in custody last week and authorities are investigating whether he was tortured to death, the Interior Ministry said on Sunday. Kajkoal, a resident of the Paghman Valle
Published 22 Nov, 2004 12:00am
Ukrainians vote for new president in landmark poll

Ukrainians vote for new president in landmark poll

Ukrainians voted for a new president on Sunday, choosing between their Russian-backed prime minister and a West-leaning liberal in a tight contest many fear could degenerate into turmoil. Opposition candidate Viktor Yushchenko, who topped the first round
Published 22 Nov, 2004 12:00am
66 Maoists, 10 troopers killed in Nepal clash

66 Maoists, 10 troopers killed in Nepal clash

At least 66 Maoist rebels and 10 government troopers were killed in an overnight clash in Nepal's far-western Pandon village, the bloodiest incident in the Himalayan kingdom in months, an army officer said on Sunday. "The clashes began Saturday night and
Published 22 Nov, 2004 12:00am
33 dead, 61 missing after fire in five Chinese mines

33 dead, 61 missing after fire in five Chinese mines

Thirty-three miners were confirmed dead and 61 others were missing after a fire at five iron ore mines in northern China, state media reported Sunday. The fire started at 10:30 am Saturday in a privately run mine in Hebei province and rapidly spread to fo
Published 22 Nov, 2004 12:00am
Iran pledges to go ahead with nuclear suspension

Iran pledges to go ahead with nuclear suspension

Iran pledged Sunday it was still committed to suspending parts of its sensitive nuclear activities as of Monday and that alarm over its last minute uranium conversion activities was merely US "propaganda". "The suspension will begin tomorrow. We have said
Published 22 Nov, 2004 12:00am
Turks, Germans march against violence

Turks, Germans march against violence

Under the banner "hand in hand against terror", more than 20,000 Turkish immigrants and Germans marched through Germany's fourth largest city of Cologne on Sunday to condemn violence by and against Muslims. Amid fears attacks may spread from the Netherlan
Published 22 Nov, 2004 12:00am
Fire kills one, hurts 50 in Dhaka

Fire kills one, hurts 50 in Dhaka

One man was killed and nearly 50 others were injured when a fire gutted about 2,000 shops at a market in Bangladesh's capital on Sunday, police and witnesses said. They said dozens of fire fighters struggled for hours to put out the blaze, which they beli
Published 22 Nov, 2004 12:00am
Killings escalate in Sri Lanka

Killings escalate in Sri Lanka

Suspected Tamil rebels have escalated killings despite fresh pressure from the United States on Sri Lanka's warring parties to end a 19-month deadlock in peace talks, officials said Sunday. A former military informant was gunned down in the north-eastern
Published 22 Nov, 2004 12:00am
Hekmatyar calls on Afghans to wage jihad against US

Hekmatyar calls on Afghans to wage jihad against US

Warlord Gulbuddin Hekmatyar, who is wanted by Washington for terrorism has distributed a video recording in southern Afghanistan urging Afghans to wage jihad against America. In the 22-minute speech on a recording filled with graphic images of carnage and
Published 22 Nov, 2004 12:00am
Powell arrives in Israel for Middle East talks

Powell arrives in Israel for Middle East talks

US Secretary of State Colin Powell arrived on Sunday for his first visit to Israel and the Palestinian territories in 18 months, signalling a new push for Middle East peace following the death of Yasser Arafat. Powell, who landed in Tel Aviv, was to meet
Published 22 Nov, 2004 12:00am
New UAE cabinet takes office

New UAE cabinet takes office

Opec oil-producer the United Arab Emirates swore in its new cabinet on Sunday three weeks after the death of the Gulf state's long-standing president, Sheikh Zayed bin Sultan al-Nahayan. President Sheikh Khalifa bin Zayed al-Nahayan presided over the swea
Published 22 Nov, 2004 12:00am
Asia-Pacific axis recruited in 'war on terror', anti-nuclear campaign

Asia-Pacific axis recruited in 'war on terror', anti-nuclear campaign

Asia-Pacific leaders, yanked into the "war on terror" and a nuclear proliferation crisis, Sunday wrapped up an annual summit dominated by US President George W. Bush's core security agenda. The Asia-Pacific Economic Co-operation (APEC) forum's founding ag
Published 22 Nov, 2004 12:00am
Mandviwalla inducted as Saarclaw president

Mandviwalla inducted as Saarclaw president

Mehmood Mandviwalla, Barrister-at-Law was inducted as President of Saarclaw at a ceremony held at the Radission Hotel in New Delhi on Sunday (November 21). Saarclaw is an association of the legal communities of the seven Saarc countries and Mandviwalla is
Published 22 Nov, 2004 12:00am
Tracking down terrorists from the North Pole

Tracking down terrorists from the North Pole

Perched on top of the Northern Hemisphere, in the silence of the Arctic tundra, a small Canadian military outpost is listening in to communications moving across half of the world - looking for terrorists. "I have the best view of the station, but unfortu
Published 22 Nov, 2004 12:00am
Impact of telecommunications on rural Pakistan

Impact of telecommunications on rural Pakistan

Coming back to Pakistan after almost a decade in North America one is overwhelmed by the many changes that are visible. From thriving fast food international chains and hundreds of TV channels to new flyovers and the unheard of prices of real estate. Alth
Published 22 Nov, 2004 12:00am
Insurance against misfortunes

Insurance against misfortunes

Growing industrialisation, the introduction of sophisticated devices and innumerable legislation have made life, safety, property and emotions more and more vulnerable which in turn has led to potential harassment. This factor, in fact, has compelled us t
Published 22 Nov, 2004 12:00am
Public holidays

Public holidays

There is serious concern that the annual gazetted holidays, which were earlier reduced from 14 to 11 by the government in the year 1999, are on the rise again gradually.
Published 22 Nov, 2004 12:00am
Malfunctioning of traffic signals

Malfunctioning of traffic signals

I want to draw the attention of the concerned authorities of the traffic control dept who have successfully installed a traffic signal at Soldier Bazaar No 3 (Near KMC Market) but unfortunately it is not working and the traffic comes from all sides (East,
Published 22 Nov, 2004 12:00am
Gas shortage crisis

Gas shortage crisis

Your lead editorial (Business Recorder, November 18) on the above subject be again focused on our energy scenario. We do not have fossil fuels to waste and the present "crisis" is only the result of lack of professional approach to solving the ener
Published 22 Nov, 2004 12:00am
Prospects of peace in South Asia: an economic perspective-1

Prospects of peace in South Asia: an economic perspective-1

Purists among economists - those who believe that all economic decisions should be left to the marketplace - have a hard time understanding the advantages of regional economic arrangements. They believe that such arrangements distract from ushering in the
Published 22 Nov, 2004 12:00am
Farewell to the IMF

Farewell to the IMF

Though not completely free of rhetoric that his predecessors have traditionally employed on such occasions, Prime Minister Shaukat Aziz spelled out his vision for the country in his maiden address to the nation last Friday. One of the important points of
Published 22 Nov, 2004 12:00am
SSIC puts stall at Delhi fair

SSIC puts stall at Delhi fair

Sindh Minister for Labour, Transport, Industries and Commerce Muhammad Adil Siddiqui is scheduled to leave for New Delhi on Monday to visit International Trade Fair 2004 that has begun from November 14. Sindh Small Industries Corporation has also put its
Published 22 Nov, 2004 12:00am
Buddhist era antiquities discovered

Buddhist era antiquities discovered

A preservation and restoration team of the department of archaeology has discovered as many as eight antiquities consisting fragments, including the sculpture of Buddha, god Indra and his bodyguard belonging to the first century AD. The antiquities have b
Published 22 Nov, 2004 12:00am
Government working for prosperity: minister

Government working for prosperity: minister

The present government has initiated a number of steps for the promotion of agriculture, education, industrial production, increase in water resources, speedy dispensation of justice and elimination of poverty and unemployment in the country. This was sta
Published 22 Nov, 2004 12:00am
'MMA determined to hold public meeting in Karachi'

'MMA determined to hold public meeting in Karachi'

Liaquat Baloch, Central Deputy Secretary of Muttahida Majlis-i-Amal (MMA) and Naib Amir of Jamaat-i-Islami has said that the alliance was determined to hold public meeting on November 28. Addressing a press conference at Idara-e-Noor-e-Haq here on Sunday,
Published 22 Nov, 2004 12:00am
Opposition asked not to launch negative campaigns against government

Opposition asked not to launch negative campaigns against government

State Minister for Information and Broadcasting Anisa Zaib Tahirkheli has asked the opposition to co-operate with government especially with President and not to launch negative campaigns against the government. She stated this while talking to a delegati
Published 22 Nov, 2004 12:00am
'Kashmir is a disputed territory'

'Kashmir is a disputed territory'

A leader of the All Parties Hurriyat Conference Shaikh Abdul Aziz has reiterated that Kashmir is a disputed territory and not an integral part of India as claimed by the Indian premier in a recent statement. According to Kashmir Media Service, he said in
Published 22 Nov, 2004 12:00am
Punjab to launch non-formal education project

Punjab to launch non-formal education project

Punjab Government has decided to launch a new project "Non-Formal Primary Education and Functional Literacy for Rural Women in Selected Barani Areas" with the financial assistance of the Asian Development Bank (ADB) form January 2005. Asian Development Ba
Published 22 Nov, 2004 12:00am
Parc annual plan review on November 25

Parc annual plan review on November 25

The Social Sciences Division of the Pakistan Agricultural Research Council (Parc) will review annual plan in its first quarterly review meeting to be held on November 25. Parc Chairman Dr Badaruddin Soomro, will inaugurate the one-day first review meeting
Published 22 Nov, 2004 12:00am
EPA told to take action against garbage dumping on beaches

EPA told to take action against garbage dumping on beaches

The Advisor to Sindh Chief Minister on Environment and Alternate Energy, Mohammad Noman Saigal, has taken a strong note of garbage dumping along the beaches in Ibrahim Haidri, Korangi creek. He found that the garbage coming from various towns of the city
Published 22 Nov, 2004 12:00am
Drive against Wasa defaulters next month

Drive against Wasa defaulters next month

Water and Sanitation Agency (Wasa) has urged its consumers to clear their outstanding financial liabilities by December 1 to avoid penalties, imprisonment, attachments of their properties and other lawful actions, which the agency is going to take during
Published 22 Nov, 2004 12:00am
Government urged to initiate business-friendly diplomacy

Government urged to initiate business-friendly diplomacy

Chairman of Pakistan Ready-made Garments Manufacturers and Exporters Association (Prgmea) Ijaz A Khokhar has urged the government to allocate a permanent seat for Sialkot in "Export Board of Pakistan" for the solution of all the problems being faced by Si
Published 22 Nov, 2004 12:00am
Rashid lauds PTV performance

Rashid lauds PTV performance

Information and Broadcasting Minister Sheikh Rashid Ahmed has appreciated the standard of programmes presented by the Pakistan Television (PTV) on the eve of Eid-ul-Fitr, and proved that it is a real family channel. Appreciating the presentation and conte
Published 22 Nov, 2004 12:00am
Shaukat addressed nation as Musharraf's representative: Qazi

Shaukat addressed nation as Musharraf's representative: Qazi

A senior Muttahida Majlis-i-Amal (MMA) leader Qazi Hussain Ahmad said that Prime Minister Shaukat Aziz's address to the nation reflected the tone of a representative of President Musharraf and added the Prime Minister talked to the nation as an agent of t
Published 22 Nov, 2004 12:00am
'Law reforms to be finalised before December 31'

'Law reforms to be finalised before December 31'

Reforms pertaining to the Law Ministry announced by Prime Minister Shaukat Aziz during his address to the nation would be finalised before December 31, said the Federal Minister for Law, Justice and Human Rights, Mohammad Wasi Zafar here on Sunday. "Most
Published 22 Nov, 2004 12:00am
NWFP information department to be revolutionised: Afzal

NWFP information department to be revolutionised: Afzal

NWFP Secretary Information, Muhammad Afzal Khan has said "2005 will be the year of promotions for information department". This he said while addressing the "Eid Milan Party" held on Saturday at the Directorate of Information in Peshawar. A large number o
Published 22 Nov, 2004 12:00am
Seminar to discuss President's proposals today

Seminar to discuss President's proposals today

National seminar on "President Musharraf's proposals and possible solution of Indian occupied Kashmir dispute," will be held here on Monday. The Mir Khalil-ur-Rehman Memorial Society organising the seminar with the co-ordination of Midas Public Relations,
Published 22 Nov, 2004 12:00am
Local cotton prices stable, world rates easy

Local cotton prices stable, world rates easy

On Friday, November 19, the Pakistan Cotton Ginners' Association (PCGA) released its periodic seed-cotton arrivals and disposal report up to November 15, 2004. According to this report, in the fortnight ended November 15, 2004, seed-cotton equivalent to 1
Published 22 Nov, 2004 12:00am
Local cotton prices stable, world rates easy

Local cotton prices stable, world rates easy

On Friday, November 19, the Pakistan Cotton Ginners' Association (PCGA) released its periodic seed-cotton arrivals and disposal report up to November 15, 2004. According to this report, in the fortnight ended November 15, 2004, seed-cotton equivalent to 1
Published 22 Nov, 2004 12:00am
Slight changes marked on cotton market

Slight changes marked on cotton market

Conditions were little changed on the cotton market when it re-opened on Thursday after long Eid holidays, relevant sources said on November 20, 2004. The spot rate opened unchanged at Rs 1920 but on Friday rose by Rs 25 to Rs 1945. On Saturday, the spot
Published 22 Nov, 2004 12:00am
Minister assures Edhi of safety to booths

Minister assures Edhi of safety to booths

Home Minister Sindh Abdul Rauf Siddiqui along with CCPO Tariq Jamil last evening visited Abdul Sattar Edhi, Founder of Edhi Foundation at Kharadar and got details regarding the incident in which some elements damaged Edhi booth at Civil Hospital on Thursd
Published 22 Nov, 2004 12:00am
Fata Education Foundation to be set up

Fata Education Foundation to be set up

A high level meeting chaired by the NWFP Governor Lieutenant General. Syed Iftikhar Hussain Shah (Retd) decided to create Fata Education Foundation with an endowment fund of Rs 107 million. The foundation, it was further agreed will initially establish a
Published 22 Nov, 2004 12:00am
Seminar on farm growth

Seminar on farm growth

A one-day workshop on 'agriculture growth and the determinants of rural income poverty in Pakistan' will be held on November 25. State Minister for Finance Omar Ayub Khan will be in chair at the inaugural session, while the concluding sitting will be pres
Published 22 Nov, 2004 12:00am
Punjab chief minister to open Ghulam Fareed seminar on November 27

Punjab chief minister to open Ghulam Fareed seminar on November 27

A one-day seminar on Khawaja Ghulam Fareed is being held under the auspices of Punjab Institute of Language, Art and Culture (PILAC) in collaboration with Multan Arts Council in Multan on November 27. Punjab Chief Minister Chaudhry Pervaiz Ellahi will be
Published 22 Nov, 2004 12:00am
Lahore High Court benches for this week

Lahore High Court benches for this week

As many as eight division benches and 20 single benches will work at principal seat of the Lahore High Court (LHC) during the week commencing from Monday (November 22). According to a notification, division benches are headed by Chief Justice Iftikhar Hus
Published 22 Nov, 2004 12:00am
Delay in house tax relief notification causing unrest

Delay in house tax relief notification causing unrest

The NWFP government has not yet formally notified exemption from property tax the five-Marla and below residential houses even after lapse of over four months of its announcement. Sources in Excise and Taxation Department attributed the delay in the issua
Published 22 Nov, 2004 12:00am
Better trading activity seen on commodity markets

Better trading activity seen on commodity markets

Major city markets re-opened on Thursday after remaining inoperative for four days owing to Eid celebrations about which traders are very particular after observing fasting during holy month of Ramazan. Somewhat better trading activity was observed as hol
Published 22 Nov, 2004 12:00am
Medical camp for bone marrow deficiency

Medical camp for bone marrow deficiency

Al-Mustafa Welfare Organisation will hold a one-day free medical camp for patients suffering from bone marrow deficiency Monday, November 22. The patients intending to have consultation with a panel of doctors were asked to reach the Al-Mustafa Medical Ce
Published 22 Nov, 2004 12:00am
Kasuri hopes India will adopt positive attitude

Kasuri hopes India will adopt positive attitude

Foreign Minister Khursheed Mahmood Kasuri has expressed the hope that the talks between Pakistan and India would prove fruitful and that both the countries desired to resolve all issues including the occupied Kashmir issue to get rid of poverty and econom
Published 22 Nov, 2004 12:00am
Supreme Court takes up Zardari's bail plea today

Supreme Court takes up Zardari's bail plea today

A full bench of the Supreme Court, headed by Chief Justice Nazim Hussain Siddiqui, would take up the bail application of former Senator and PPPP leader, Asif Ali Zardari in BMW car reference on Monday. Senior lawyers Barrister Aitzaz Ehsan, Farooq H Naek,
Published 22 Nov, 2004 12:00am
Thousands of Sikh pilgrims arrive

Thousands of Sikh pilgrims arrive

More than 4,000 Sikh pilgrims arrived in Pakistan on Sunday to celebrate the 535th anniversary of the birth of the founder of their religion Guru Nanak Dev, officials said. Some 3,000 devotees arrived by special trains from India and were received by Paki
Published 22 Nov, 2004 12:00am
Bus looted on highway

Bus looted on highway

As many as 10 armed persons, hijacking a passengers bus at National Highway near Tando Musti, looted the inmates here on Sunday morning. According to details, 10 dacoits in disguise of passengers onboard the Bus No ADF-5956 from the Halani bus stop and af
Published 22 Nov, 2004 12:00am
President taking bold steps to resolve Pak-India issues: Rashid

President taking bold steps to resolve Pak-India issues: Rashid

Federal Minister for Information, Sheikh Rashid Ahmed said here on Sunday that President General Pervez Musharraf is taking bold steps to resolve the issues that have strained the relations of two neighbouring countries. India should take benefit of these
Published 22 Nov, 2004 12:00am
Balochistan and Sistan to be declared twin cities

Balochistan and Sistan to be declared twin cities

A 19-member delegation of Iranian province of Sistan (Balochistan) led by Governor General Hussain Amini arrived here on Sunday on a three-day visit of the province. Amini will sign an agreement with Balochistan governor, Owais Ahmed Ghani on Monday to de
Published 22 Nov, 2004 12:00am
Musharraf opens Ring Road project today

Musharraf opens Ring Road project today

President General Pervez Musharraf will inaugurate the 60-km long Ring Road project approximately costing Rs 19 billion here on Monday. Punjab Minister for Works Chaudhry Zaheeruddin Khan, who is also general secretary Pakistan Muslim League Punjab, told
Published 22 Nov, 2004 12:00am
APHC has viable roadmap on Kashmir: Gilani

APHC has viable roadmap on Kashmir: Gilani

All Parties Hurriyat Conference (APHC) Chairman Syed Ali Gilani has said here on Sunday that he has got a roadmap on Kashmir which is more viable and practicable. In an exclusive interview with a local Urdu daily, Wadi Ki Awaz, Gilani said: "He too has go
Published 22 Nov, 2004 12:00am
Jimmy to participate in Saarc artists show

Jimmy to participate in Saarc artists show

Prominent artist, social worker and peace activist Jimmy Engineer arrived here on Sunday from Karachi on a weeklong goodwill tour of Lahore. During this stay here, he will take part in the South Asian artists' paintings exhibition titled 'Old Masters Youn
Published 22 Nov, 2004 12:00am
German Red Cross team calls on NWFP governor

German Red Cross team calls on NWFP governor

A 14-member delegation, head by Dr Rudolf Seiters President German Red Cross called on the NWFP Governor Lieutenant General Syed Iftikhar Hussain Shah (Retd) at Governor's House here on Saturday. Secretary to Governor Sahibzada Saeed Ahmad and Provincial
Published 22 Nov, 2004 12:00am
Package for PIMS, NIH, Polyclinic doctors shortly

Package for PIMS, NIH, Polyclinic doctors shortly

The health ministry is preparing a summary to promote doctors working at three major healthcare institutions of the federal capital. Official sources told Business Recorder that the summary to promote doctors at Pakistan Institute of Medical Scienc
Published 22 Nov, 2004 12:00am
Lawyers to observe black day on January 10

Lawyers to observe black day on January 10

The lawyers community will observe black day on January 10, 2005, to press General Pervez Musharraf to quit both the offices of President and Chief of Army Staff. The decision was taken in the All Pakistan Lawyers Convention held here in Karachi Hall of t
Published 22 Nov, 2004 12:00am
Setting up of new industries inevitable

Setting up of new industries inevitable

Punjab Minister for Tourism Mian Mohammad Aslam Iqbal has said that establishment of new industries is inevitable for promotion of trade activities in the province. Addressing various delegations of traders who called on him here on Sunday, the minister s
Published 22 Nov, 2004 12:00am
Raiwind congregation

Raiwind congregation

Punjab Chief Minister Pervaiz Elahi attended Tablighi congregation at Raiwind on Sunday. Chief Ministers of Sindh and NWFP and Fazlur Rehman also accompanied him.
Published 22 Nov, 2004 12:00am
Rs 30 billion allocated for quality education: Sindh governor

Rs 30 billion allocated for quality education: Sindh governor

A hefty amount of Rs 30 billion has been earmarked for universities of Sindh province to ensure quality education, Sindh Governor Dr Ishratul Ibad said here on Sunday. Addressing launching ceremony of Pakistan Consortium of British Universities here, he s
Published 22 Nov, 2004 12:00am
Need stressed for understanding teachings of Islam

Need stressed for understanding teachings of Islam

German intellectual and career diplomat Dr Gunter Mulack emphasised the need for understanding the teachings of Islam, a religion of tolerance, peace and love. Speaking on 'Dialogue on Islam' at a lecture session organised by the Department of Internation
Published 22 Nov, 2004 12:00am
ICT police fails to get houses vacated from illegal occupants

ICT police fails to get houses vacated from illegal occupants

Islamabad Capital Territory (ICT) Police has not so far been able to get vacated even a single house out of 354 government houses from illegal occupation of its officials despite a resolution passed by National Assembly and repeated calls by parliamentary
Published 22 Nov, 2004 12:00am
Comparison with India: Pakistan safe for US businessmen, families

Comparison with India: Pakistan safe for US businessmen, families

The American government has been slapped for its failure to provide proper briefing to its businessmen and investors on "assault and robbery" or other violence in the foreign countries because if it had, it would "demonstrate that Pakistan's major cities
Published 22 Nov, 2004 12:00am
Wazirabad cutlery industry facing hardships

Wazirabad cutlery industry facing hardships

The centuries old cutlery industry of Wazirabad which has an annual export of $34 million is facing crisis due to the dumping of cutlery from China, insufficient micro-credit facilities, depreciated or outdated technology, minimal support from the governm
Published 22 Nov, 2004 12:00am
Chishti re-elected ex-servicemen body chief

Chishti re-elected ex-servicemen body chief

The architect of 1977 coup d'etat and colleague of Ziaul Haq, Lieutenant General Faiz Ali Chishti, was unanimously elected President of Pakistan Ex-servicemen Society for the fourth time on Sunday. Later addressing the-100 member national council, Chishti
Published 22 Nov, 2004 12:00am
Largest-ever cause list for four Supreme Court benches

Largest-ever cause list for four Supreme Court benches

The largest-ever cause list - 82 pages with nearly a thousand cases await four benches of the Supreme Court (SC) during the five working days of next judicial week that opens on Monday. Majority of cases are on determination of questions pertaining to var
Published 22 Nov, 2004 12:00am
KSE Top Companies Awards on December 5, Prime Minister to be chief guest

KSE Top Companies Awards on December 5, Prime Minister to be chief guest

In order to felicitate the managements of the 'Top Companies' on account of their exemplary performance, the Karachi Stock Exchange has planned to hold the 'Top Companies Awards' distribution function for two years--2002 & 2003--in December, said Moin M F
Published 22 Nov, 2004 12:00am
Listed companies record 34 percent growth since 2001

Listed companies record 34 percent growth since 2001

About three-fourth of the listed companies, in terms of market capitalisation of Karachi Stock Exchange (KSE), recorded healthy profits which helped boost the share prices. One of the contributing factors to the stock market boom in Pakistan was the risin
Published 22 Nov, 2004 12:00am
US company wants to build Neelum hydropower project on BOT basis

US company wants to build Neelum hydropower project on BOT basis

YRM Investments Limited, a New York-based American company, has expressed interest to construct Neelum-Jhelum hydropower project on 'Build-Own-Transfer' (BOT) basis, official sources told Business Recorder."We have got approval from our board of co
Published 22 Nov, 2004 12:00am
US company wants to build Neelum hydropower project on BOT basis

US company wants to build Neelum hydropower project on BOT basis

YRM Investments Limited, a New York-based American company, has expressed interest to construct Neelum-Jhelum hydropower project on 'Build-Own-Transfer' (BOT) basis, official sources told Business Recorder."We have got approval from our board of co
Published 22 Nov, 2004 12:00am
Modalities for ''Sukuk'' bonds to be finalised today

Modalities for ''Sukuk'' bonds to be finalised today

Dr Ashfaq Hasan Khan, Economic Adviser in Finance Ministry, will hold a meeting on Monday to set the modalities for the launch of Shariah compatible ''Islamic bonds'' called ''Sukuk''. The government is planning to launch these bonds for domestic Islamic
Published 22 Nov, 2004 12:00am
Modalities for 'Sukuk' bonds to be finalised today

Modalities for 'Sukuk' bonds to be finalised today

Dr Ashfaq Hasan Khan, Economic Adviser in Finance Ministry, will hold a meeting on Monday to set the modalities for the launch of Shariah compatible 'Islamic bonds' called 'Sukuk'. The government is planning to launch these bonds for domestic Islamic bank
Published 22 Nov, 2004 12:00am
Modalities for 'Sukuk' bonds to be finalised today

Modalities for 'Sukuk' bonds to be finalised today

Dr Ashfaq Hasan Khan, Economic Adviser in Finance Ministry, will hold a meeting on Monday to set the modalities for the launch of Shariah compatible 'Islamic bonds' called 'Sukuk'. The government is planning to launch these bonds for domestic Islamic bank
Published 22 Nov, 2004 12:00am
Al-Ghazi declares highest-ever profit

Al-Ghazi declares highest-ever profit

A sturdy growth in the large manufacturing sector reigns in the country, and Al-Ghazi Tractors Limited (AGTL), picking the benefit of an amplified demand for tractors, has stepped up production. The company booked highest ever profit in 9M-FY04 amounting
Published 22 Nov, 2004 12:00am
Al-Ghazi declares highest-ever profit

Al-Ghazi declares highest-ever profit

A sturdy growth in the large manufacturing sector reigns in the country, and Al-Ghazi Tractors Limited (AGTL), picking the benefit of an amplified demand for tractors, has stepped up production. The company booked highest ever profit in 9M-FY04 amounting
Published 22 Nov, 2004 12:00am
Al-Ghazi declares highest-ever profit

Al-Ghazi declares highest-ever profit

A sturdy growth in the large manufacturing sector reigns in the country, and Al-Ghazi Tractors Limited (AGTL), picking the benefit of an amplified demand for tractors, has stepped up production. The company booked highest ever profit in 9M-FY04 amounting
Published 22 Nov, 2004 12:00am
Duty on machinery as per declared value: CBR

Duty on machinery as per declared value: CBR

To encourage investors for setting up new industrial plants in the country, the Central Board of Revenue (CBR) has announced that machinery, equipment and apparatus liable to 5 percent customs duty (exempted from sales tax and withholding tax) would be as
Published 22 Nov, 2004 12:00am
Duty on machinery as per declared value: CBR

Duty on machinery as per declared value: CBR

To encourage investors for setting up new industrial plants in the country, the Central Board of Revenue (CBR) has announced that machinery, equipment and apparatus liable to 5 percent customs duty (exempted from sales tax and withholding tax) would be as
Published 22 Nov, 2004 12:00am
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