Print - 2004-12-31
ANF holds export containers at Port Qasim

ANF holds export containers at Port Qasim

The Anti-Narcotics Force (ANF) stopped a number of export containers at Port Qasim on Wednesday from loading on to the vessel Maersk Alska. Few containers contained home textile items, which were meant for sale at a big departmental store in Europe on the
Published 31 Dec, 2004 12:00am
DTO directs Businessmen Forum to submit proof of allegations

DTO directs Businessmen Forum to submit proof of allegations

The Director Trade Organisations (DTO) of the Commerce Ministry on Thursday conducted hearing into FPCCI election case here. The secretary general FPCCI Khalid Amin and the presiding officer for 2004 elections recorded their statements before the DTO. Aft
Published 31 Dec, 2004 12:00am
FIA and Nadra data to be used to access taxpayers' income: CBR chief

FIA and Nadra data to be used to access taxpayers' income: CBR chief

Central Board of Revenue Chairman has said CBR will use data available with the Federal Investigation Agency (FIA) and Nadra for accurate assessment of income/earnings of taxpayers, The CBR officials here on Thursday quoted Yusuf as addressing the Gujrat
Published 31 Dec, 2004 12:00am
British Airways-Taap tussle over agency commission issue deepens

British Airways-Taap tussle over agency commission issue deepens

The British Airways (BA) is adamant in showing any flexibility towards the protest of Travel Agents Association of Pakistan (Taap) against the reduction of agency commission in Pakistan from nine percent to seven percent. While British Airways Country Man
Published 31 Dec, 2004 12:00am
SECP prepares draft commodity exchange and futures contract rules

SECP prepares draft commodity exchange and futures contract rules

The Securities and Exchange Commission of Pakistan (SECP) has prepared the draft Commodity Exchange and Futures Contract Rules, 2004 in consultation with the National Commodity Exchange Ltd. The rules have been placed on the SECP's website for soliciting
Published 31 Dec, 2004 12:00am
DDWP approves Rs 250 million uplift projects

DDWP approves Rs 250 million uplift projects

The District Development Working Party (DDWP)- CDGK has approved various development projects worth more than Rs 250 million. Both the CDGK budget as well as Annual Development Programme (ADP) will finance these projects. The development projects funded b
Published 31 Dec, 2004 12:00am
OGDCL Granted three gas sale licences

OGDCL Granted three gas sale licences

Oil and Gas Regulatory Authority (Ogra) on Thursday granted three licences to Oil and Gas Development Company Limited (OGDCL) for sale of natural gas from its Uch, Nandpur/Punjpur and Bhal Syedan gas fields. The natural gas has been sold to Uch Power Limi
Published 31 Dec, 2004 12:00am
Industrialists made huge investments in real estate business

Industrialists made huge investments in real estate business

With the hope of fetching handsome profits, industrialists and businessmen have also made enormous investments in real estate business, which caused further increase in the prices of plots, houses, shops and other properties in the provincial metropolis.
Published 31 Dec, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Mini marathon race on January 9

Mini marathon race on January 9

For the first time in the Federal Capital's history, Islamabad Capital Territory Administration has decided to hold Mini Marathon Race on January 9 to give gentle push to almost stalled sports-related activities in the metropolitan. Addressing a press con
Published 31 Dec, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Askari Bank term-finance certificates assigned AA rating

Askari Bank term-finance certificates assigned AA rating

The Pakistan Credit Rating Agency (Pacra) has assigned a rating of 'AA' (double A) to the proposed unsecured, subordinated term-finance certificates issue of Rs 1,500 million by the Askari Commercial Bank Limited (ACBL). The rating denotes a very low expe
Published 31 Dec, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Askari Bank term-finance certificates assigned AA rating

Askari Bank term-finance certificates assigned AA rating

The Pakistan Credit Rating Agency (Pacra) has assigned a rating of 'AA' (double A) to the proposed unsecured, subordinated term-finance certificates issue of Rs 1,500 million by the Askari Commercial Bank Limited (ACBL). The rating denotes a very low expe
Published 31 Dec, 2004 12:00am
23 DCITs ready to perform duties as sales tax officials

23 DCITs ready to perform duties as sales tax officials

Twenty-three Deputy Commissioners of Income Tax (DCITs) are ready to perform duties as sales tax officials after completion of training at the Directorate General of Training and Research (DGTR), Customs. CBR Member, Human Resource Management (HRM), Zafar
Published 31 Dec, 2004 12:00am
Rules to free exporters from refund hassle shortly

Rules to free exporters from refund hassle shortly

The Central Board of Revenue (CBR) will shortly issue new procedure for exporters permitting them to purchase sales tax-free goods/raw materials from the local market/imports to create refund-free environment for exporters from 2005. Under the new rules,
Published 31 Dec, 2004 12:00am
Sales tax collectors told to expedite refund payment

Sales tax collectors told to expedite refund payment

Central Board of Revenue Chairman M. Abdullah Yusuf said the CBR has issued instructions to collectors of sales tax to expedite speedy payment of sales tax refund to the business community. He was addressing at a reception arranged by All Pakistan Cutlery
Published 31 Dec, 2004 12:00am
Justice Dogar may replace Irshad as new CEC

Justice Dogar may replace Irshad as new CEC

Justice Abdul Hameed Dogar is likely to replace former Chief Justice Irshad Hassan Khan whose tenure as the Chief Election Commissioner (CEC) expires on January 15, 2005. Sources told PPI that Justice Abdul Hameed Dogar, a serving Supreme Court judge, who
Published 31 Dec, 2004 12:00am
Sindh IT advisory board constituted

Sindh IT advisory board constituted

The Sindh government on Thursday constituted Sindh Information Technology Advisory Board (SITAB). According to a official handout, the SITAB comprising of the following members from public sector: Governor Sindh, Chairman, Minister for Information Technol
Published 31 Dec, 2004 12:00am
New Jubilee gets IFS AA rating

New Jubilee gets IFS AA rating

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned an Insurer Financial Strength (IFS) rating of 'AA' (double A) to New Jubilee Insurance Company Limited (NJI)while the outlook on the rating is 'stable.' The NJI is the third largest private
Published 31 Dec, 2004 12:00am
People support President's decision

People support President's decision

President Pervez Musharraf' address was listened to with rapt attention by the people in Karachi specially in busy shopping centres of Saddar, Clifton, Tariq Road, Nursery, Nazimabad Chorangi No 1 and No 2 and Burns Road, besides main hotels and restauran
Published 31 Dec, 2004 12:00am
'No friendship with India without Kashmir solution'

'No friendship with India without Kashmir solution'

The Foreign Minister Khurshid Mehmud Kasuri said on Thursday that no 'friendship' with India could be achieved until India accepts the ground reality that Kashmir is a core issue and that Kashmiris are a key player in any settlement of this lingering disp
Published 31 Dec, 2004 12:00am
India asked to allow UNMOGIP to perform its mandate

India asked to allow UNMOGIP to perform its mandate

The European Parliamentary delegation has asked India to allow United Nations Military Observers Group in India and Pakistan (UNMOGIP) to carry out its mandate by facilitating equal access to Indian occupied Kashmir. In a report prepared by the European P
Published 31 Dec, 2004 12:00am
MMA's MNA calls for providing relief to prisoners

MMA's MNA calls for providing relief to prisoners

The federal government should follow the footsteps of the NWFP government to hold jail reforms in order to give relief to prisoners facing lengthy sentences in different jails of the country, said MNA Muhammad Haneef Abbassi of Muttahida Majlis-i-Amal (MM
Published 31 Dec, 2004 12:00am
Benazir may return on April 4

Benazir may return on April 4

Pakistan Peoples Party (PPP) MNA Nawab Abdul Ghani Talpur on Thursday claimed that PPP Chairperson Benazir Bhutto would return to Pakistan on April 4, 2005, the death anniversary day of her father Z.A. Bhutto and that the party had given her green signal.
Published 31 Dec, 2004 12:00am
Call to involve Kashmiris in peace talks

Call to involve Kashmiris in peace talks

The dialogue process should continue, but to make it meaningful and result-oriented, the Kashmiris must be associated with it. According to the Kashmir Media Service (KMS) this was stated by Jammu and Kashmir peoples Movement convenor and Hurriyat Confere
Published 31 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
AKUH and Smart Healthcare plan workshops

AKUH and Smart Healthcare plan workshops

Aga Khan University Hospital (AKUH), in collaboration with the Smart Healthcare, is organising three important workshops next year. These workshops will be held on clinical quality in hospitals, nursing services in hospitals and nursing education. The wor
Published 31 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Shaukat sympathises with Malaysia and Thai Prime Ministers

Shaukat sympathises with Malaysia and Thai Prime Ministers

Prime Minister Shaukat Aziz on Thursday made telephone calls to Dato General Abdullah Ahmad Badawi, Prime Minister of Malaysia, and to Prime Minister Thaksin Shinawartra of Thailand to convey his profound and heartfelt sympathies over the loss of precious
Published 31 Dec, 2004 12:00am
Atlas Fund Prices

Atlas Fund Prices

Atlas Fund Prices on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Pakistani commission agent still missing in Saudi Arabia

Pakistani commission agent still missing in Saudi Arabia

A Pakistani commission agent could not be released despite making payment of $100,000 to the kidnappers and he is still in the custody of kidnappers in Saudi Arabia. His family has appealed to President General Pervez Musharraf and Saudi King Shah Fahd bi
Published 31 Dec, 2004 12:00am
JPMC inter-department linkage to improve patient care system

JPMC inter-department linkage to improve patient care system

Computerisation of Jinnah Postgraduate Medical Center (JPMC) has been envisaged to streamline medical support provided to thousands of patients visiting it each day and develop inter-departmental linkage to ensure rapid improvement in patient care, beside
Published 31 Dec, 2004 12:00am
EU supports Indo-Pak confidence-building measures

EU supports Indo-Pak confidence-building measures

European Union has supported confidence-building measures initiated by Pakistan and India and urged that the dialogue must be "meaningful and should have real substance." This was stated in a report prepared by the European Union parliamentary delegation,
Published 31 Dec, 2004 12:00am
'World media asked to project Pakistan as moderate country'

'World media asked to project Pakistan as moderate country'

National Assembly Speaker Chaudhry Amir Hussain on Thursday asked international media to project Pakistan as an enlightened and moderate country. Talking to European Parliament Member Sajjad Karim, who called on him here, Chaudhry Amir Hussain said the wo
Published 31 Dec, 2004 12:00am
Turkish Consulate General moving to new location

Turkish Consulate General moving to new location

The office of the Consulate General (CG) of Turkey in Karachi is moving to its new location and will resume its normal functioning from January 3. According to the CG of Turkey here on Thursday, the new address is, Consulate General of the Republic of Tur
Published 31 Dec, 2004 12:00am
Journalists Colony foundation stone laid

Journalists Colony foundation stone laid

Punjab Chief Minister Chaudhry Pervaiz Elahi has laid foundation stone of the much-awaited Journalist Colony for local media persons here at Harbanspura on Thursday. Speaking on the occasion, Pervaiz averred his family had always kept journalist fraternit
Published 31 Dec, 2004 12:00am
Basant festival on February 6

Basant festival on February 6

Basant and Spring Festival would be celebrated in Lahore on February 6, 2005. The decision was taken in a meeting chaired by Punjab Chief Minister, Chaudhry Pervaiz Elahi here on Thursday. Among others, the meeting was attended by Chief Secretary, Punjab,
Published 31 Dec, 2004 12:00am
Bar poll results announced

Bar poll results announced

Punjab Bar Council (PBC) has officially announced the success of 12 bar members from Multan division. According to details, four members have been elected from Multan district, two each from Khanewal, Sahiwal and Vehari and one each from Pakpattan and Lod
Published 31 Dec, 2004 12:00am
Quota-free WTO era: textile industry can compete with giant Asian rivals

Quota-free WTO era: textile industry can compete with giant Asian rivals

With only a day left in the dawn of yet another socio-economic era in the history of mankind full of opportunities, challenges, expectations and anxieties, Pakistan textile industry is tuned and geared up to compete with its giant Asian rivals, China and
Published 31 Dec, 2004 12:00am
PEC accredits Hamdard University

PEC accredits Hamdard University

Hamdard University Karachi, the largest university in private sector, which has been listed as category 'A' by HEC and rated 4 Star (highest rating) by the Government of Sindh, has also been accredited by Pakistan Engineering Council (PEC). A press statem
Published 31 Dec, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Dec, 2004 12:00am
Business Recorder staffer passes away

Business Recorder staffer passes away

Mujahid Kamal, sub-editor, daily Business Recorder, passed away here on Wednesday after kidney failure. He was 53. He was laid to rest at PECHS graveyard. He has left behind a widow, six sons and a daughter to mourn his death. According to family s
Published 31 Dec, 2004 12:00am
Call to declare 2005 National Gem and Jewellery Year

Call to declare 2005 National Gem and Jewellery Year

Gold Art Promotion Council Pakistan and Lahore Division Sarafa and Jewellers' Association in a unanimous resolution here on Wednesday have demanded of the Federal Minister for Commerce, Humayun Akhtar Khan and Chairman, Export Promotion Bureau, Tariq Ikra
Published 31 Dec, 2004 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Traders urged to get prepared to face WTO challenges

Traders urged to get prepared to face WTO challenges

Pakistan should have no fear by the implementation of WTO in 2005, as the tariff in Pakistan is already comparatively low, but Pak businessmen have to make themselves prepared to compete big giants in the international market by enhancing quality and prod
Published 31 Dec, 2004 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus Announcements by Companies listed on the Karachi Stock Exchange.

Published 31 Dec, 2004 12:00am
PSMA contests CBR report on tax collection

PSMA contests CBR report on tax collection

The Pakistan Sugar Mills Association (PSMA) has contested the report of CBR and said income tax and sales tax collections from the sugar industry cribbed to such an extent that the situation warrants immediate remedial measures and the government could no
Published 31 Dec, 2004 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Dec, 2004 12:00am
PSMA contests CBR report on tax collection

PSMA contests CBR report on tax collection

The Pakistan Sugar Mills Association (PSMA) has contested the report of CBR and said income tax and sales tax collections from the sugar industry cribbed to such an extent that the situation warrants immediate remedial measures and the government could no
Published 31 Dec, 2004 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 31 Dec, 2004 12:00am
Aziz calls on Shujaat

Aziz calls on Shujaat

Pakistan's High Commissioner to India, Aziz Ahmed called on President, Pakistan Muslim League (PML), Chaudhry Shujaat Hussain at his residence, here on Thursday. Secretary General PML, Senator Mushahid Hussain was also present on the occasion.
Published 31 Dec, 2004 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Dec, 2004 12:00am
Cross Transactions

Cross Transactions

Cross transactions between client to client reported on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
Several firms being contacted for improvement in IT infrastructure

Several firms being contacted for improvement in IT infrastructure

The provincial minister for Information Technology, Syed Mustafa Kamal has said the Sindh IT Department is working for the promotion of IT and many people are being provided computer training. He was speaking as chief guest at the inaugural session of a t
Published 31 Dec, 2004 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (December 30, 2004).

Published 31 Dec, 2004 12:00am
CBR promotes 24 appraisers

CBR promotes 24 appraisers

The Central Board of Revenue (CBR) has promoted 24 Appraisers (BS-14) of customs department to the post of Principal Appraisers (BS-16) as their promotions were due for the last four years. CBR Member Human Resource Management (HRM) said here on Thursday
Published 31 Dec, 2004 12:00am
Care project: Customs moves to clear duty-free goods

Care project: Customs moves to clear duty-free goods

The import consignments would not be blocked for want of processing of installation and consumption certificates required for plants and raw materials imported without duty and taxes and clearance would be allowed on presentation of a copy of the certific
Published 31 Dec, 2004 12:00am
FCC bill to be presented in next National Assembly session: minister

FCC bill to be presented in next National Assembly session: minister

Despite opposition of the bar associations, a bill to establish Federal Commercial Courts (FCC) with one hundred amendments in the relevant laws will be introduced in the next session of the National Assembly, Minister for Law and Justice Wasi Zafar told
Published 31 Dec, 2004 12:00am
THE RUPEE: mixed trend on currency market

THE RUPEE: mixed trend on currency market

The rupee on Thursday showed slight weakness versus the dollar in the interbank market for buying and selling at 59.48 and 59.52. According to the market sources, corporate demand for oil payments was higher during the last couple of days, which kept the
Published 31 Dec, 2004 12:00am
Women development ministry to train district level officers

Women development ministry to train district level officers

Ministry of Women Development will train district level officers and selected members of NGOs for establishing linkages to create awareness about micro-finance schemes, which will focus on rural women at district level. Joint Secretary, Ministry of women
Published 31 Dec, 2004 12:00am
Uniform police system to be introduced: minister

Uniform police system to be introduced: minister

Provincial Interior Minister Rauf Siddiqui has said a uniform police control system would be introduced in all provinces and a mechanism would be set up to transmit information from one province to the others. In an interview on Thursday, he said the inte
Published 31 Dec, 2004 12:00am
Police on red alert on New Year eve

Police on red alert on New Year eve

On the eve of the New Year, the Sindh police have decided to continue the state of red alert in Karachi and other parts of the province. A statement here on Thursday said that the Inspector General of Police (IGP) Syed Kamal Shah, has issued directives to
Published 31 Dec, 2004 12:00am
Soomro calls for encouraging art and artists

Soomro calls for encouraging art and artists

Senate Chairman Mohammedmian Soomro has emphasised the need of encouraging the art as well as the artists as part of creativity and constructive activity. He was speaking as chief guest at the inaugural ceremony of the paintings exhibition of Ms Samiah Fa
Published 31 Dec, 2004 12:00am
Heavy snowfall in Northern Areas

Heavy snowfall in Northern Areas

Heavy snowfall coupled with light rain in the upper Hunza valley has blocked Khunjerab Pass on the Pakistan-China border, preventing trade convoys from China to reach Pakistani border town of Sust. According to a private TV, official sources said most of
Published 31 Dec, 2004 12:00am
Provincial Science Olympiad concludes

Provincial Science Olympiad concludes

The Provincial Science Olympiad was concluded here at the Children Complex on Wednesday where 100 research-based projects were displayed in the categories of biology, chemistry, computer science, mathematics and physics. More than 300 students and 75 teac
Published 31 Dec, 2004 12:00am
Cyber security convention concludes

Cyber security convention concludes

"Our goal as an organisation is to explore all fields of information security technology in an innovative style with liberal attitude in a free-thinking environment. We intend to curb all the threats by developing a sound and effective information securit
Published 31 Dec, 2004 12:00am