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Dec 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-12-23
South Korea imposes anti-dumping duties on Japanese PVC firms

South Korea imposes anti-dumping duties on Japanese PVC firms

South Korea said Wednesday it has imposed anti-dumping duties of up to 40 percent on Japanese polyvinyl chloride (PVC) makers while an investigation into dumping charges proceed. The finance and economy ministry said the tariffs took effect Monday for fou
Published 23 Dec, 2004 12:00am
Indonesia on track for 5.1 percent growth in 2004: minister

Indonesia on track for 5.1 percent growth in 2004: minister

Indonesia's 2004 economic growth could reach 5.1 percent, above the target figure of 4.8 percent in the state budget, Economics Minister Aburizal Bakrie said Wednesday. Bakrie said although the figure was encouraging, it was still below the levels of grow
Published 23 Dec, 2004 12:00am
US Treasuries end mixed

US Treasuries end mixed

US Treasuries finished mixed on Tuesday with investors preferring longer-term debt over short-term debt in a relatively quiet day of trading. Traders said investors sold short-dated debt to lend longer-term on the view that long-dated debt would outperfor
Published 23 Dec, 2004 12:00am
US Treasuries end mixed

US Treasuries end mixed

US Treasuries finished mixed on Tuesday with investors preferring longer-term debt over short-term debt in a relatively quiet day of trading. Traders said investors sold short-dated debt to lend longer-term on the view that long-dated debt would outperfor
Published 23 Dec, 2004 12:00am
Jakarta shares finish firmer

Jakarta shares finish firmer

Indonesian share prices closed 0.91 percent higher on Wednesday, extending gains on hopes of strong full-year bank earnings and following Standard and Poor's upgrade of Indonesia's credit ratings, dealers said. The Jakarta Stock Exchange composite index c
Published 23 Dec, 2004 12:00am
Hong Kong stocks edge lower

Hong Kong stocks edge lower

Hong Kong stocks slipped 0.21 percent on Wednesday, failing to follow a US rally as investors locked in profits on top blue chips ahead of Christmas. But the successful trading debut of China media firm Beijing Media showed investors still have an appetit
Published 23 Dec, 2004 12:00am
US stocks rally, Dow closes at 3 1/2-year high

US stocks rally, Dow closes at 3 1/2-year high

US stocks rallied on Tuesday, with the Dow closing at its highest level in 3 1/2 years, boosted by a rebound in beaten-down drug-maker Pfizer Inc, while tech stocks got a lift from a broker upgrade of Intel Corp. Dow component Intel shot up 3.5 percent af
Published 23 Dec, 2004 12:00am
Taiwan stocks led by TSMC dividend

Taiwan stocks led by TSMC dividend

Taiwan stocks ended firmer on Wednesday as local investors snapped up small-cap construction shares while market heavyweight TSMC propped up the index with solid gains after setting a generous dividend policy. The TAIEX share index finished with a 0.23 pe
Published 23 Dec, 2004 12:00am
Indian shares close 0.58 percent lower

Indian shares close 0.58 percent lower

Indian shares closed 0.58 percent lower on Wednesday as investors locked in profits after the key index touched an intra-day record high in early trading, dealers said. The Bombay Stock Exchange's 30-share benchmark Sensex index fell 37.64 points to close
Published 23 Dec, 2004 12:00am
Malaysian shares fall

Malaysian shares fall

Malaysian share prices closed 0.35 percent lower on Wednesday in trading within a tight range due to a lack of fresh leads, dealers said. They said the market drifted lower in late trading due to a lack of buying support and selling pressure from retail i
Published 23 Dec, 2004 12:00am
Philippines shares rise

Philippines shares rise

Philippine share prices closed 0.8 percent higher on Wednesday, lifted by bargain-hunting after three days of falls and overnight gains on Wall Street, dealers said. They said concerns that the massive funeral of movie star and defeated presidential candi
Published 23 Dec, 2004 12:00am
Singapore shares drop in pre-Christmas trading

Singapore shares drop in pre-Christmas trading

Singapore share prices closed 0.38 percent lower on Wednesday in pre-Christmas trading with few fresh leads to inspire investors, dealers said. They said trading interest would most likely wind down further because of the holiday-shortened week. The Strai
Published 23 Dec, 2004 12:00am
Nikkei closes higher on Wall Street gains

Nikkei closes higher on Wall Street gains

Japan's Nikkei average closed up 0.75 percent on Wednesday, rising for a fourth day after an advance in US blue chips to their highest in three and a half years offset an unexpected drop in Japan's trade surplus. Chip stocks such as Advantest Corp got a b
Published 23 Dec, 2004 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

A strong debut by Sri Lanka IOC, the local arm of Indian Oil Corp, boosted Colombo stocks to a record close on Wednesday in the market's busiest trading day for more than a year. Shares in Sri Lanka IOC, which sold a 25 percent stake for $34 million to fu
Published 23 Dec, 2004 12:00am
Hong Kong dollar eases on arbitrage trade

Hong Kong dollar eases on arbitrage trade

The Hong Kong dollar inched lower against the greenback on Wednesday as investors chased higher American interest rates, traders said. Discounts on forwards trimmed early lows after China's central bank dampened market speculation of an imminent yuan poli
Published 23 Dec, 2004 12:00am
Chinese yuan notches stronger

Chinese yuan notches stronger

The yuan ended a notch stronger at 8.2764 per US dollar on Wednesday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 4,700 points, implying a rate of 7.808 yuan per dollar in
Published 23 Dec, 2004 12:00am
Swiss franc slips versus dollar in thin trading

Swiss franc slips versus dollar in thin trading

The Swiss franc slipped against the dollar in thin pre-holiday trading on Wednesday, as traders took profits ahead of the end of the year. The dollar traded slightly higher at 1.1531/37 francs after levels around 1.1522/27 late on Tuesday in Europe. The d
Published 23 Dec, 2004 12:00am
Dollar inches up in pre-holiday reprieve

Dollar inches up in pre-holiday reprieve

The dollar edged up versus the euro on Wednesday and kept most of the previous day's gains against the pound, but traders and investors hesitated to take big positions in quiet pre-holiday trade. The US currency failed to gain against the yen despite yet
Published 23 Dec, 2004 12:00am
Dollar mostly firmer, gains on weakened sterling

Dollar mostly firmer, gains on weakened sterling

The dollar rose modestly against most currencies on Tuesday in thin, pre-holiday dealings but posted larger gains against the British pound on news of a sharp November fall in UK house prices. Sterling fell nearly 1 percent against the dollar after a surv
Published 23 Dec, 2004 12:00am
Bangladeshi taka ends lower versus dollar

Bangladeshi taka ends lower versus dollar

The Bangladesh taka ended lower on Wednesday against the US currency due to higher demand associated with import related payments, dealers said. The taka was quoted at 59.67/61.18 per dollar, compared with 59.67/61.10 on Tuesday. Call rates ranged between
Published 23 Dec, 2004 12:00am
Asian currencies: offshore yuan softer, Singapore dollar capped

Asian currencies: offshore yuan softer, Singapore dollar capped

Asian currencies surrendered their meagre gains on Wednesday after China quashed rumours of an imminent yuan policy change and Thailand said it will keep the baht competitive for exports. The regional moved less than a quarter of a percent during the day
Published 23 Dec, 2004 12:00am
Australian dollar eases in thin trade

Australian dollar eases in thin trade

The Australian dollar eased to end local trade at session lows on Wednesday, although traders said volumes were light with business winding down for the end-of-year holidays. "Is anyone interested in a trade idea in the week before Christmas?" asked Greg
Published 23 Dec, 2004 12:00am
Canadian dollar edges up

Canadian dollar edges up

The Canadian dollar edged higher versus a sluggish US currency on Tuesday, getting a small boost from a stronger-than-expected headline retail sales number. Canadian bond prices were mixed, slipping a bit on the short end due to the retail sales figures.
Published 23 Dec, 2004 12:00am
24 killed in bus mishap

24 killed in bus mishap

Twenty-four people were killed and eight injured when a bus with 40 passengers plunged into a river in northern India late on Tuesday, a government official said. The accident occurred in the Himalayan region of Tehri Garhwal in Uttaranchal state when the
Published 23 Dec, 2004 12:00am
Nepal's king to visit India

Nepal's king to visit India

Nepal's King Gyanendra will arrive in India Thursday for an 11-day visit where the Maoist insurgency in his Himalayan country is expected to top the agenda with Indian leaders. He is due to meet Indian Prime Minister Manmohan Singh, President A.P.J. Abdul
Published 23 Dec, 2004 12:00am
Arrested nuclear spies working for US and Israel: Iran

Arrested nuclear spies working for US and Israel: Iran

Ten people arrested on suspicion of spying on Iran's nuclear programme were working for US and Israeli intelligence services, Intelligence Minister Ali Yunessi said Wednesday. "More than 10 nuclear spies were arrested during the current (Iranian) year," w
Published 23 Dec, 2004 12:00am
Russia tests intercontinental missile

Russia tests intercontinental missile

Russia test-fired on Wednesday a Cold War-era long-range missile, originally designed to be capable of hitting the United States, local media reported. The Voyevoda intercontinental ballistic missile - codenamed SS-18 Satan in the West - hurtled more than
Published 23 Dec, 2004 12:00am
Pro-Yushchenko rally to keep heat on for fair Ukraine vote rerun

Pro-Yushchenko rally to keep heat on for fair Ukraine vote rerun

Supporters of Ukraine's pro-Western opposition leader were rallying here Wednesday to keep pressure on authorities to ensure a repeat presidential vote was conducted fairly while their leader, Viktor Yushchenko, moved to ease Russia's anxiety over his lik
Published 23 Dec, 2004 12:00am
US contractor withdraws

US contractor withdraws

Contrack International Inc has become the first major US contractor to pull out of the reconstruction effort in Iraq, the Los Angeles Times said Wednesday, adding that high security costs were to blame. "We reached a point where our costs were getting to
Published 23 Dec, 2004 12:00am
Iraqi city in lockdown after US base blasted

Iraqi city in lockdown after US base blasted

US forces sealed off entire districts of the Iraqi city of Mosul on Wednesday, blocking bridges and raiding homes in a hunt for suspects after an attack that killed 18 Americans and four Iraqis. Mosul's governor issued an overnight order on television ban
Published 23 Dec, 2004 12:00am
Blair unveils personal bid to help Middle East peace process

Blair unveils personal bid to help Middle East peace process

British Prime Minister Tony Blair launched a personal quest Wednesday to bring peace to the Middle East, detailing plans for a Palestinian statehood conference in London in March. Following a busy day of negotiations with Israeli and Palestinian leaders i
Published 23 Dec, 2004 12:00am
Northern Ireland bank heist: suspicions point to paramilitaries

Northern Ireland bank heist: suspicions point to paramilitaries

A paramilitary gang in Northern Ireland could have been behind a staggering 20 million pound (28.9 million euro, 38.6 million dollar) robbery that targeted the province's biggest bank, a former police anti-terrorist squad chief said Wednesday. The Police
Published 23 Dec, 2004 12:00am
Three Palestinians and Israeli killed in shootout

Three Palestinians and Israeli killed in shootout

Three Palestinians and an Israeli were shot dead in separate incidents of an upsurge of violence in Gaza and the West Bank on Wednesday, military sources and witnesses said. Two Palestinians were killed in an Israeli raid on a southern Gaza Strip refugee
Published 23 Dec, 2004 12:00am
Gujarat trial witness denies taking bribe

Gujarat trial witness denies taking bribe

A key witness in the trial of 21 Hindus accused of massacring 14 Muslims during sectarian riots in Gujarat state in 2002 denied Wednesday media reports she took a bribe to change her testimony. Zaheera Sheikh, 23, was originally a star witness for the pro
Published 23 Dec, 2004 12:00am
India army chief makes first China visit in decade

India army chief makes first China visit in decade

India's army chief will begin a week-long visit to China on Wednesday, the first in a decade, reflecting gradually warming ties between the world's two most populous nations and Asia's biggest nuclear powers. General N.C. Vij's trip is designed to build t
Published 23 Dec, 2004 12:00am
US military building bases for Afghan army

US military building bases for Afghan army

Four military bases the United States is building in Afghanistan will only be used by the Afghan National Army, an US Army spokesman said on Wednesday, denying that a US base was being constructed close to border with Iran. There has long been speculation
Published 23 Dec, 2004 12:00am
US freezes assets of two Saudis for al Qaeda links

US freezes assets of two Saudis for al Qaeda links

The United States froze the assets of two Saudi nationals on Tuesday for allegedly providing support to al Qaeda, and asked the United Nations to take similar action. The US Treasury said it had listed the two men - London-based dissident Saad al-Fagih an
Published 23 Dec, 2004 12:00am
US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US stocks held solid gains Wednesday afternoon as investors welcomed a sharp drop in oil prices after an unexpected rise in crude inventories last week, helping to ease worries about lower corporate profits. US light crude futures slid $1.61 to $44.15 a b
Published 23 Dec, 2004 12:00am
Bonds: holiday spirit sets in as trading thins

Bonds: holiday spirit sets in as trading thins

The European corporate bond market was virtually closed for business on Wednesday ahead of the Christmas break with traders reporting only sporadic dealing and many market players already on holiday. The FTSE Euro Corporate Bond Index showed investment-gr
Published 23 Dec, 2004 12:00am
Bonds: holiday spirit sets in as trading thins

Bonds: holiday spirit sets in as trading thins

The European corporate bond market was virtually closed for business on Wednesday ahead of the Christmas break with traders reporting only sporadic dealing and many market players already on holiday. The FTSE Euro Corporate Bond Index showed investment-gr
Published 23 Dec, 2004 12:00am
Seoul shares end flat

Seoul shares end flat

Seoul stocks ended flat on Wednesday, as concerns about the impact of dipping flat screen prices hit LG.Philips LCD Co Ltd and other tech issues, offsetting early gains from a rally on Wall Street. Shares in LG Philips LCD ended down 5.54 percent at 37,50
Published 23 Dec, 2004 12:00am
Falling oil, rising banks drive FTSE to three-week high

Falling oil, rising banks drive FTSE to three-week high

Heavyweight banks, such as Royal Bank of Scotland and Barclays helped to push Britain's top share index to its best closing level in 3 weeks on Wednesday, while the broader market was boosted by falling oil prices as fears over a corporate profit and cons
Published 23 Dec, 2004 12:00am
Indian rupee opens weak as dollar bounces overseas

Indian rupee opens weak as dollar bounces overseas

The Indian rupee weakened in early trade on Wednesday, easing from a two-week closing high struck last session as the dollar's gains in overseas markets drove local traders to cover short dollar positions, dealers said. At 9:15 am (0345 GMT), the rupee wa
Published 23 Dec, 2004 12:00am
Sterling sours as BoE minutes show rate cut talk

Sterling sours as BoE minutes show rate cut talk

Sterling fell almost one percent against the dollar and euro on Wednesday, hitting a three week low versus the single currency for the second day running as investors revised down British interest rate expectations. Sterling's decline this week accelerate
Published 23 Dec, 2004 12:00am
Dollar on defensive as 2004 trade winds down

Dollar on defensive as 2004 trade winds down

The dollar steadied a cent above this month's record low against the euro on Wednesday and shuttled in a tight range against the yen as trade dwindled ahead of year-end festivities. A rise in Tokyo's stock market helped the yen shrug off news of a sharp d
Published 23 Dec, 2004 12:00am
EU questions US 'win' in famous food names case

EU questions US 'win' in famous food names case

The European Union on Wednesday challenged Washington's assertion that it had won a World Trade Organisation (WTO) case in which the bloc was accused of discriminating against famous foods and wines from elsewhere. US Trade Representative Robert Zoellick
Published 23 Dec, 2004 12:00am
Turkey says Iran resumes natural gas flow after technical cut

Turkey says Iran resumes natural gas flow after technical cut

Iran resumed the flow of natural gas to Turkey on Wednesday after a cut for technical reasons that lasted several days, Turkish Energy Minister Hilmi Guler said. "A new pipeline has become operational in Iran. They (Iranian officials) said this was a prob
Published 23 Dec, 2004 12:00am
Oil drops three percent as US supplies grow

Oil drops three percent as US supplies grow

Oil prices fell 3 percent on Wednesday after a US government report showed a surprise increase in fuel stockpiles last week in the world's largest energy consumer. US light crude futures fell $1.52 to $44.24 a barrel after dropping to a low of $43.65, whi
Published 23 Dec, 2004 12:00am
Oil drops three percent as US supplies grow

Oil drops three percent as US supplies grow

Oil prices fell 3 percent on Wednesday after a US government report showed a surprise increase in fuel stockpiles last week in the world's largest energy consumer. US light crude futures fell $1.52 to $44.24 a barrel after dropping to a low of $43.65, whi
Published 23 Dec, 2004 12:00am
New York cocoa futures rise

New York cocoa futures rise

New York cocoa futures ended modestly higher Wednesday, snapping four consecutive trading sessions of losses on light speculative buying, dealers said. The New York Board of Trade's front-month March cocoa contract rose $15 to settle at $1,587 a tonne, af
Published 23 Dec, 2004 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures finished lower on Wednesday as trade and speculative selling into sell stop orders hit prices before local buying buoyed the market in pre-holiday trade, brokers said, The key March cotton contract on the New York Board of Trade lost about
Published 23 Dec, 2004 12:00am
London cocoa closes higher after technical rally

London cocoa closes higher after technical rally

London's cocoa market recovered from an earlier eight-week low to close higher on Wednesday in what traders said was a technical rebound. London's front-month March finished at 857 pounds a tonne, up 1.4 percent, following an 851-871 range on turnover of
Published 23 Dec, 2004 12:00am
LME aluminium closes strongly, copper lower

LME aluminium closes strongly, copper lower

London Metal Exchange (LME) aluminium prices ended above $1,900 a tonne for the first time in 9-1/2 years as fund buying extended to the close, traders said on Wednesday.
Published 23 Dec, 2004 12:00am
Europe gold slightly weaker, trade thins

Europe gold slightly weaker, trade thins

Gold slipped on Wednesday in Europe but stayed in narrow ranges as the market tracked the dollar with trade thinning ahead of year-end holidays, dealers said. Spot gold stood at $440.50/441.25 an ounce by 1123 GMT, down from $441.30/442.10 late in New Yor
Published 23 Dec, 2004 12:00am
US MIDDAY: copper shoots up on profit-taking

US MIDDAY: copper shoots up on profit-taking

COMEX copper futures shot up to a new contract high just after the open on Wednesday, then quickly backed off as speculators sold into the rally, traders said, "We saw a decent run to the upside, but it was short-lived. A lot of profit-taking came in on t
Published 23 Dec, 2004 12:00am
US MIDDAY: wheat up on supportive export news

US MIDDAY: wheat up on supportive export news

Soft red winter wheat futures at the Chicago Board of Trade were higher early on Wednesday amid supportive export news and weather jitters, traders said. At 10:02 am CST (1602 GMT), CBOT wheat was up 1 to 3-1/4 cents per bushel, with March up 3/4 cent at
Published 23 Dec, 2004 12:00am
US MIDDAY: soya falls early by weaker processor bids

US MIDDAY: soya falls early by weaker processor bids

Soybean futures at the Chicago Board of Trade fell early Wednesday, pressured by weaker processor basis bids after bean movement picked up this week when futures rallied, traders said. CBOT soybean futures were 1/4 cent to 3-1/4 cents per bushel lower by
Published 23 Dec, 2004 12:00am
US MIDDAY: CBOT corn lower on fund short covering

US MIDDAY: CBOT corn lower on fund short covering

Corn futures at the Chicago Board of Trade were lower early Wednesday on continued weakness after the recent run-up tied to fund short covering, traders said. There was little news, which kept prices within a tight range before the Christmas holiday, and
Published 23 Dec, 2004 12:00am
US MIDDAY: gold ends lower on GDP report

US MIDDAY: gold ends lower on GDP report

US gold and silver futures closed with slight losses on Wednesday while platinum and palladium rose in trade muted by the holiday-shortened week. The markets seemed to lack energy as traders merely squared away positions before year-end, tracking currenci
Published 23 Dec, 2004 12:00am
Sitara Group of Industries - Playing a Vital Role in National Economy

Sitara Group of Industries - Playing a Vital Role in National Economy

'SITARA', meaning a star, is the name which turned out to be a good omen of the organisation which started off as a non-entity. By the grace of Almighty Allah, 'SITARA' has risen as he brightest star in the industrial galaxy of the country. In the early f
Published 23 Dec, 2004 12:00am
Sitara Peroxide Limited

Sitara Peroxide Limited

The project is an outcome of 10 years of hard labour and dedicated research of Sitara's top brass and professionals under the able guidance of Chairman Sitara Group. Hydrogen Peroxide is an essential chemical required for bleaching process of textile, pap
Published 23 Dec, 2004 12:00am
Message from chief executive Sitara Peroxide Limited

Message from chief executive Sitara Peroxide Limited

Profile of the Chief Executive, Mr Imran Ghafoor has done MBA from Punjab University and diploma in Finance & Marketing from Boston University USA. After completing his education, he looked after the production and established the first woven garment unit
Published 23 Dec, 2004 12:00am
Message from the Chairman Sitara Group

Message from the Chairman Sitara Group

Sitara Group has a unique standing in the industrial sector of Pakistan project is a new addition to its glory. This will influence our local industry in a very positive way. Hydrogen Peroxide has been a major import of Pakistan amounting to US $12.6 Bill
Published 23 Dec, 2004 12:00am
THE MESSAGE

THE MESSAGE

"Sitara Peroxide Ltd is going to produce import quality Peroxide at a competitive rate and in turn naturally meet the local demand & export in future."
Published 23 Dec, 2004 12:00am
Japan's climate

Japan's climate

Japan has four very distinct seasons, but with a wide variation in the climate across the archipelago from subarctic in the far north to subtropical in the far south. The reason for this is that although the country occupies a relatively small land area i
Published 23 Dec, 2004 12:00am
Traditional culture

Traditional culture

Japan has absorbed many ideas from other Countries over the course of its history, including technology, customs, and forms of cultural expression, and has developed its unique culture while integrating these imports. The Japanese lifestyle today is a ric
Published 23 Dec, 2004 12:00am
Housing, Food and Clothes - Lifestyle in Japan

Housing, Food and Clothes - Lifestyle in Japan

Lifestyles in Japan changed dramatically after World War II, when large numbers of people moved from the countryside to the cities to make their livings as office workers. As cities grew in both size and population, more and more people commuted from thei
Published 23 Dec, 2004 12:00am
Regions of Japan

Regions of Japan

Japan has 47 prefectures. On the basis of geographical and historical background, these prefectures can be divided into nine regions: Hokkaido, Tohoku, Kanto, Chubu, Kinki, Chugoku, Shikoku, Kyushu, and Okinawa. Each region has its own dialect, customs, a
Published 23 Dec, 2004 12:00am
Economy and industry

Economy and industry

Economically, Japan is one of the most highly developed nations in the world. Its gross domestic product (the value of all the goods and services produced in Japan in one year) is the second highest in the world, and Japanese brands like Toyota, Sony, Fuj
Published 23 Dec, 2004 12:00am
Dewan Textile Mills

Dewan Textile Mills

Dewan Textile Mills Limited is one of the most modern textile mills in the country. This was the first textile mill of the group, which entered the group into the manufacturing sector of the country. Dewan Textile Mills Limited has applied the most modern
Published 23 Dec, 2004 12:00am
Constitution based on three principles

Constitution based on three principles

Japan's Constitution, which came into force in 1947, is based on three principles: sovereignty of the people, respect for fundamental human rights, and renunciation of war. The Constitution also stipulates the independence of the three branches of governm
Published 23 Dec, 2004 12:00am
IBP ceremony on December 29

IBP ceremony on December 29

The prize award ceremony of the Institute of Bankers Pakistan (IBP) will be held on December 29, 2004 at 10.00 am. The State Bank of Pakistan (SBP) Governor Dr Ishrat Husain will chair the ceremony. On this occasion, gold medals, prizes and diplomas will
Published 23 Dec, 2004 12:00am
Two Supreme Court benches in Karachi

Two Supreme Court benches in Karachi

Two benches of Supreme Court of Pakistan will hear cases at Karachi Registry from December 27 to January 2. The bench- I will be headed by Chief Justice of Pakistan Nazim Hussain Siddiqui, while Justice Javed Iqbal and Justice Abdul Hameed Doqar will be t
Published 23 Dec, 2004 12:00am
Hearing of Zardari's petition adjourned till December 29

Hearing of Zardari's petition adjourned till December 29

A division bench of High Court of Sindh (SHC) comprising Chief Justice Saiyed Saeed Ashhad and Justice Maqbool Baqer on Wednesday adjourned the hearing of a constitutional petition filed by Asif Ali Zardari till December 29 after Advocate General Sindh An
Published 23 Dec, 2004 12:00am
'Sea Festival' to be held from January 7

'Sea Festival' to be held from January 7

A 'Sea Festival' will be held along the beach in the metropolis from January 7 to 9. Sindh Governor Dr Ishratul Ibad Khan, has directed that the Festival should be arranged in an attractive manner for the entire country and that it be made an annual featu
Published 23 Dec, 2004 12:00am
HEC to provide diagnostic training at PCMD

HEC to provide diagnostic training at PCMD

The Higher Education Commission (HEC) would provide diagnostic and clinical research facility at Dr Panjwani Centre for Molecular Medicine and Drug Research (PCMD) of International Center for Chemical Sciences, University of Karachi. An amount of Rs 25 mi
Published 23 Dec, 2004 12:00am
Indian fishermen delegation arrives

Indian fishermen delegation arrives

A 7-member delegation of Indian fishermen arrived here on Wednesday by a PIA flight PK-275 to hold talks for the release of Indian fishermen and their boats. A director of Fishermen's Co-operative Society (FCS) Haji Mohammad Younus and other officials rec
Published 23 Dec, 2004 12:00am
PCS holds symposium to observe asthma day

PCS holds symposium to observe asthma day

Poor compliance is one of the major problems in management of asthma and lack of knowledge and understanding about the disease in the reason for compliance, Professor Mashoor Alam Shah, Director, Jinnah Post Graduate Medical Center said here on Wednesday.
Published 23 Dec, 2004 12:00am
'Good police officials will be encouraged'

'Good police officials will be encouraged'

Chief Minister Sindh Dr Arbab Ghulam Rahim vowed to maintain peace in the province at any cost and announced cash awards for the efficient police officials. Addressing to a cash award distribution ceremony on Wednesday at Chief Minister's House to efficie
Published 23 Dec, 2004 12:00am
Sales tax auditors

Sales tax auditors

This is in reply to a letter which appeared in your paper by a sales tax auditor proclaiming his innocence. Yes, he is correct that it is not only the auditor but his/her superiors are also in cahoots in bribery and extortion. All these claims of transpar
Published 23 Dec, 2004 12:00am
Walkout from KPT meeting

Walkout from KPT meeting

This refers to the clarification made by the senior PRO of the KPT wide caption "Customs agents walkout" a clarification, published in your esteemed daily on December 8, 2004. I, Farukh Saleem Shaikh, President, and Mohammad Arif Siddiqui, General Secreta
Published 23 Dec, 2004 12:00am
World celebrates made-in-China Christmas

World celebrates made-in-China Christmas

Father Christmas's grotto is not an icy cave in Lapland but the economic heart of southern China, where almost two-thirds of the world's Christmas trees and decorations are made. In factories staffed by predominantly Buddhist workers who have scarcely any
Published 23 Dec, 2004 12:00am
Pro-Israel shift may dash Canada's Middle East dream

Pro-Israel shift may dash Canada's Middle East dream

An unexpected decision by Canada to tilt its foreign policy more toward Israel is threatening to undermine Prime Minister Paul Martin's desire to play a greater role in the Middle East peace process. Officials say the shift, demonstrated by Canada's oppos
Published 23 Dec, 2004 12:00am
Progress in Alternate Dispute Resolution performance

Progress in Alternate Dispute Resolution performance

The Central Board of Revenue has initiated a policy of befriending the taxpayers through a campaign inviting them to take advantage of the course of Alternative Dispute Resolution (ADR), which has been recently introduced to avoid prolonged litigation in
Published 23 Dec, 2004 12:00am
What is going on?

What is going on?

During the recent days, both President General Pervez Musharraf and Prime Minister Shaukat Aziz have been making divergent statements with regard to the issue of national government or a government of consensus, as the President put it, creating confusion
Published 23 Dec, 2004 12:00am
PHMA assured of genuine claims refund

PHMA assured of genuine claims refund

Collector Sales Tax, Enforcement, Rasheed Ahmed has assured the hosiery exporters that the refund would be paid on the claims, whose record is missing, on the authentication of the concerned association. The assurance was given to Pakistan Hosiery Manufac
Published 23 Dec, 2004 12:00am
PPPP to contact MMA for National Assembly, Senate requisition

PPPP to contact MMA for National Assembly, Senate requisition

Pakistan Peoples Party Parliamentarians (PPPP) has decided to contact the Muttahida Majlis-i-Amal (MMA) for the requisition of the National Assembly and Senate sessions, and to chalk out future line of action. PPPP leadership, in its informal meeting on T
Published 23 Dec, 2004 12:00am
Scheme launched to develop livestock sector

Scheme launched to develop livestock sector

The provincial Livestock and Fisheries Department has launched a scheme to provide domestic support for the development of sustainable infrastructure and for improving livestock sector in the coastal areas of Badin and Thatta districts. Under the scheme m
Published 23 Dec, 2004 12:00am
$200 million ADB package for basic services in Punjab

$200 million ADB package for basic services in Punjab

The Asian Development Bank (ADB) will help ensure equitable and effective delivery of basic social services - health, education, and water and sanitation - that have been devolved to the Punjab government through an approved assistance package of $200 mil
Published 23 Dec, 2004 12:00am
Government urged not to change stance on Kashmir

Government urged not to change stance on Kashmir

Speakers at a seminar on the topic of "Resolution of Indian occupied Kashmir issue in the light of proposals of President Musharraf" have urged the government to refrain from bringing any change on its principle stance on Indian occupied Kashmir issue, an
Published 23 Dec, 2004 12:00am
Brunei's tax experts to arrive in March

Brunei's tax experts to arrive in March

A high-level delegation of tax experts from Brunei is expected to arrive in March 2005 to finalise convention on 'Avoidance of Double Taxation' for promoting economic activities and strengthening bilateral relations between the two countries. A CBR offici
Published 23 Dec, 2004 12:00am
Ministry summons PM&DC and private medical institutions

Ministry summons PM&DC and private medical institutions

The Health Ministry has summoned both Pakistan Medical and Dental College (PM&DC) and private medical institutions to resolve their controversial issues, including registration. "We have advised PM&DC and medical institutions to hold meeting in the next f
Published 23 Dec, 2004 12:00am
Hearing put off against Hakim Ali Zardari

Hearing put off against Hakim Ali Zardari

An accountability court on Wednesday adjourned to January 1, 2005 the proceedings in a reference against Hakim Ali Zardari former senator and father-in-law of former prime minister Benazir Bhutto, as his counsel sought time. The court ordered to frame cha
Published 23 Dec, 2004 12:00am
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